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Jewish Agency to Receive $35,000,000 Loan from U.S. Export-import Bank, Dobkin Reports

A $35,000,000 loan for the Jewish Agency from the Export-Import Bank of the United States has “practically been approved,” Eliahu Dobkin, Agency leader, told a press conference here. In the event this sum is obtained, he added, it will be used to establish 120 new agricultural settlements for new immigrants.

Mr. Dobkin also said that it is hoped that the Agency’s budget will be balanced this year and that it will be able to repay some 5,000,000 pounds ($14,000,000) in debts. The Agency, he disclosed, has allocated another 5,000,000 pounds for the transportation of some 200,000 immigrants due to arrive within the next year and for whose transportation the Joint Distribution Committee can no longer be responsible.