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Israel Repays $1,000,000 Loan to U.S. Labor Union; Loan Was Obtained Five Months

The state of Israel has repaid a loan of $1,000,000 it obtained five months ago from the International Ladies Garment Workers’ Union, David Dubinsky, the union president, announced today.

A check was delivered yesterday to Dubinsky at union headquarters by Dr. Israel Goldstein, treasurer of the Jewish National Fund, and Gottlieb Hammer, comptroller of the Jewish Agency.

“We did not expect the money to be repaid so soon, but here it is” Dubinsky said. “I think that this action on the part of the state of Israel and the United Palestine Appeal, which joined in the guaranty, speaks for itself. It will be happy news to our members who find their confidence in Israel further confirmed by knowledge that the now state is in a position to honor its obligations.”

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