THE DEAD SEA

Hokitika Guardian, 28 May 1929, Page 7

THE DEAD SEA

NEW COMPANY FORMED. WILL REDUCE PRICE ,OF POTASH. RUGBY, May 24. Mr Moses Novomeysky, who, vval ‘VIa jo r Tulloch, was awarded yesterda; a concession for the extraction o. (alts from the Dead Sea, leit Londoi to-day for Palestine. He will remain by the Dead Sea for a few weeks, bin will return to London in July to lorn a company. It is possible that Lord Lytton, win lias already consented to become chairmin of me company, will also go on', to Palestine this summer. A correspondent of the “Maneheste Guardian,” discussing the possibility of the concession says that .scientists are agreed upon the enormous poten tial wealth of minerals lying in ih Dead Sea, hut opinions differ upon tinpossibility of putting these mineral on an extensive scale on the work market. Some experts state that it i perfectly feasible to land potash Iron Ihe Dead Sea in New York at a price one-fourth of that of the potash o ( Germany, which at the present tinu largely controls the world’s potasc markets. But other experts, such a Lord Melehett, are inclined to doub' Ih.at. Mr Novomeysky and Majo: Tulloch are resolved to begin on i

modest scale, so that in the earlyears tin' German potash monopoly will have litt’e to fear.

An attempt will be made to fin-' now markets in Palestine. Syria Egv't and Traci and the country nokdibn'iriim- tile eastern Modi terran ean. If things develop as the concessionaires hope, however, a lailvuimav he constructed to Akahn and va rmde may he fm-ml In the ncn-im-1 i.-,..,] which will avoid the lien..' dues of the Canal.