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Israel Asks France for Second $15,000,000 Loan; Request Gets Prompt Attention

Israel has applied to France for a second $15,000,000 long-term loan, it was revealed here today by the French commercial attache. Speaking to a press conference he said that the first $15,000,000 has been granted over the period of the first six months of this year for the purchase of French goods.

The attache said that the application was made by David Horowitz, Israel Under Secretary of the Finance Ministry, last week during conferences with French officials. He added that the French Finance Ministry has been ordered to give the application immediate attention.

Israel’s development over the last two years has inspired great confidonco in France, he said, and France is willing to assist the Jewish state by allowing Israel to use capital goods of Jews migrating to Israel for the payment of French products, as well as by purchasing all Israel goods which can find a market in Franco and facilitating French investment in Israel industry.

The attache expressed the hope that the France-Israel trade pact, which has been in negotiations for many months, will be concluded soon. He said that France will give all possible aid to the development of Israel air and shipping lines.

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