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British Bank Offers Loan to Jewish Agency; Insurance Companies May Invest in Israel

A large British banking institution has preferred a considerable loan to the Jewish Agency for development purposes, it was reported today. It was also reported that the Israel Government has notified insurance companies that they may now invest in Israel enterprises, both government and private.

Meir Grossman, member of the Jewish Agency executive, left here today for Brussels on the first lap of a tour of Western European countries in the Interest of promoting investment in Israel. He emphasized that his current visit to Britain is not an official Israel government mission, but is aimed at contacting private industrial and commercial circles to interest them in investing in the Jewish state. He added that he planned to meet Jewish and non-Jewish financial circles.

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