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Israel-austrian Trade Pact Tales Suspended While Israel Delegation Awaits Advices

Negotiations for a trade pact between Austria and Israel were suspended today for a period of three weeks owing to the departure of a member of the Israel delegation to Israel to confer with the Israel Government.

The positions of the two delegations differ only with regard to the terms of payment for the goods which will be exchanged under the pact. The Austrian National Bank, it was reported, will approach the Anglo-Palestine Bank regarding the extent to which blocked Jewish assets in Austria–which it is reported will pay for 20 to 30 percent of the goods traded–shall be transferred. Earlier, the Israel delegation proposed an arrangement for the exchange of goods valued at $6,000,000 to $8,000,000 during a trial period of unlimited duration.

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