2. The composition of the Committee was the

following:-

Mr. W.J. Johnson, 0.B.E., Treasurer

Chairman.

Mr. A.P.S. Clark, M.B.E.

Mr. S. Hoofien, M.B.E.

Haj Taher Bey Karaman

Abdel Rahman Bey Taji

Dr. M. Smoira

El Haj Muhammad Nimr Eff.el Nabulsi

Mr. A. Shenkar

Shukri Eff.Deeb

Mr. V.N. Levi, Junior Assistant

Treasurer

Rajai Eff.Husseini, Junior

Assistant Treasurer

Members.

Joint

Secretaries.

27

3. We held our first meeting on the 15th November

1933, and it was at once apparent that the data available

in Palestine was so inadequate that the Committee would have

to depend to a large extent on the advice of experts.

We,

therefore, decided to appoint a Sub-Committee under the

Chairmanship of the Treasurer, Government of Palestine,

with Mr. A.P.S. Clark of Barclays Bank and Mr. S. Hoofien

of the Anglo-Palestine Bank, Dr. Smoira and Haj Taher

Karaman as members.

The Sub-Committee was to consider and

report on Part I of the terms of reference.

4. During the month of February 1934, at the request

of the Sub-Committee, the Chairman interviewed representa-

tives of the under-mentioned Banks with a view to obtaining

independent evidence on the opinions formulated by the

Sub-Committee:-

The Ottoman Bank

Banco di Roma

The

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