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Plans to Set Up Cooperatives for Hungarian Jews Announced in Budapest

May 13, 1948
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Plans to establish six credit cooperatives in rural Jewish communities to aid hundreds of Jewish workers during the next few months were announced here today at a Joint Distribution Committee conference attended by Jewish leaders from provincial areas in all parts of Hungary.

The J.D.C. also made known that the recently-established “reconstruction cooperative” in Budapest has already extended more than 4,000 loans while five producers cooperatives have recently been set up in this city, the Committee revealed.

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