British Treasury Informs Israel It is Ready to Discuss Frozen Sterling Balances

The British Treasury has informed the Israeli Government that it is now ready to open talks on Israel’s frozen sterling balances and trade matters. The Treasury has proposed April 28 as a convenient date for opening these talks and, it was learned, a British delegation consisting of officials from the Treasury, the Bank of England and the Board of Trade has been appointed.

The Treasury has won its battle against the Foreign Office, which will not be represented at the negotiations. Only matters directly and immediately affecting trade and finance will be discussed. The Treasury’s view is that if Israel is prepared for a settlement, the take should not take longer than one week, certainly not more than two.

The British Government is preparing plans for the resettlement of Arabs who ?led from Palestine during the fighting there and will ask Parliament to authorize a $4000,000 loan to Transjordan to finance resettlement projects, the diplomatic correspondent of the Yorkshire Post reported today. Under this plan, the correspondent said, the United States would be expected to make a similar loan to another Arab state.

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