Polymers were prepared by the condensation of 2, 4-dihydroxybenzaldehydeoxime (2, 4-DBO) and formaldehyde (F) in the presence of oxalic acid as catalyst with varying molar ratios of reacting monomers. Polymers were characterized by their IR spectra, elemental analyses, TGA and M_n as determined by vapour pressure osmometry as well as by non-aqueous conductometric titrations. Viscosity measurements of the solutions of polymer samples were carried out in dimethylformamide. Chelation ion-exchange properties have also been studied employing the batch equilibration method. This method involved the measurement of distribution of a given metal between the polymer sample and a solution containing metal ions. The study was carried out over a wide pH range and in media of various ionic strengths. The polymer showed a higher selectivity for UO₂²⁺ and Fe³⁺ ions than for Cu²⁺, Ni²⁺, Co²⁺ and Mn²⁺ ions.