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Vaad Leumi Creates New Financial Institution

(Jewish Telegraphic Agency)

A financial institution for extending credits and financing public works will be created by the Vaad Leumi, according to a decision adopted by that body. The purpose of the proposed organization will be to improve the economic situation, particularly to meet the problem of unemployment by creating opportunities of employment for workers.

A cable of congratulations has been despatched by the Vaad Leumi to its delegation in Geneva, which presented the memorandum of the Vaad Leumi to the Permanent Mandates Commission.

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