Because of the heavy influx of tourists, the Hot Springs Baths Company, operating a health resort near the ancient city of Tiberias, at a meeting today decided to increase its capitalization from $100,000 to $375,000.
The additional capital, it was announced, will be used for expansion which will necessitate the employment of a large number of laborers for an entire year.
The Industrial and Financial Corporation of Palestine and the South African Investment Co., Ltd., already largely interested in the Baths Company, have acquired large blocks of the new shares. Bernard Rosenblatt, chairman, presided at the meeting. The board of directors includes Col. F. H. Kisch and Dr. A. Badt.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
