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Knesset to Get Bill to Facilitate Foreign Capital Investment. Nathan Reports

Robert R. Nathan, director of the economic department of the Jewish Agency in this country, reported yesterday following a three week visit to Israel, that legislation is being prepared by the government “which will spell out incentives for foreign investment.”

Mr. Nathan said that the proposed legislation will include “convertibility of reasonable amounts of profits and depreciation or amortization into the currency in which the investment is initially made, tariff exemptions on productive facilities brought into the country, assistance with respect to land availability and accelerated amortization allowances in computing tax liabilities.”