The Israel Union for the Protection of Holders of British Goverment Bearer Bonds today cabled King George VI requesting royal intervention for the immediate settlement of the claims of the 1,000 members in the Union, outside the framework of the current Anglo-Israel financial talks. The message pointed out that the 1,000 holders of the British bonds in Israel “confidently loaned their savings to the British Government.”
In an attempt partly to assuage Israel’s desperate need for funds, David Horowitz, Undersecretary of the Finance Ministry, will leave for London to open negotiations for a new sterling release. The talks will start on January 23. Last year, after protracted negotiations, Britain agreed to release nearly seven million sterling about $20,000,000 – in six monthly installments, beginning last May.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
