• Short Summary

    BRITISH FINANCIER MR.CHARLES CLORE, WHOSE COMMERCIAL EMPIRE HAS BEEN BOYCOTTED BY THE ARAB COUNTRIES FOR?

  • Description

    BRITISH FINANCIER MR.CHARLES CLORE, WHOSE COMMERCIAL EMPIRE HAS BEEN BOYCOTTED BY THE ARAB COUNTRIES FOR DOING BUSINESS IN ISRAEL, HAS DESCRIBED THE BAN AS "A WHOLE LOT OF NONSENSE." SPEAKING AT LONDON AIRPORT BEFORE LEAVING FOR NEW YORK, HE SAID THE BLACKLIST WOULD NOT MAKE THE SLIGHTEST DIFFERENCE TO HIS ATTITUDE ABOUT DOING BUSINESS WITH ISRAEL.

    THE ARAB BOYCOTT COMES INTO FORCE ON JANUARY 14 IN EGYPT, JORDAN, SAUDI ARABIA, SYRIA AND IRAQ.IT APPLIES TO 40 OF MR.CLORE'S FIRMS IN A GBP200 MILLION EMPIRE WHICH INCLUDES ALMOST EVERYTHING FROM SHIPS TO SHOES.

    ALSO BLACKLISTED ARE 33 DIRECTORS AND EXECUTIVES WHO WILL NOT BE ALLOWED TO ENTER ARAB TERRITORY.ONE OF THESE, MR.LEONARD SAINER, LAWYER TO MR.CLORE, SAID YESTERDAY (MONDAY)."THE AMOUNT OF BUSINESS WE DO IN ARAB COUNTRIES IS SO SMALL THAT THE BOYCOTT'S EFFECT WILL BE INFINITESIMAL."
    AMONG THE BOYCOTTED FIRMS ARE THE GBP100 MILLION HOLDING COMPANY, SEARS HOLDINGS, AND FOUR OF ITS PRINCIPAL SUBSIDIARIES, INCLUDING THE GIANT GBP24 MILLION BRITISH SHOE CORPORATION WHICH CONTROLS, AMONG SEVERAL OTHERS, THE FIRM OF LILLEY AND SKINNER.ALSO BANNED IS THE GBP2 MILLION MAPPIN AND WEBB GROUP, WHICH OWNS THE JEWELLERY FIRM OF THE SAME NAME AND ANOTHER, GARRARD AND COMPANY; BOTH SITUATED IN LONDON'S FASHIONABLE REGENT STREET.CITY AND CENTRAL INVESTMENTS, A BIG PROPERTY COMPANY, ALSO IS AFFECTED.

    THE ARAB'S LATEST BLACKLIST FOLLOWS THE AFFAIR OF LORD MANCROFT, A JEW, WHO RESIGNED FROM THE BOARD OF THE NORWICH UNION INSURANCE GROUP AS THE RESULT OF ARAB PRESSURE.ARAB SPOKESMEN SAY THEIR BAN IS "NOT ANTI-SEMITISM BUT IS AIMED AG??? THOSE WHO ARE CONTRIBUTING TO THE ISRAELI ECONOMY.

  • Tags

  • Data

    Film ID:
    VLVA82N92H9QVUQF6NJ460SJVGKHQ
    Media URN:
    VLVA82N92H9QVUQF6NJ460SJVGKHQ
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    17/12/1963
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:21:00
    Time in/Out:
    /
    Canister:
    N/A

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