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Swedish Banks Grant $6,000,000 Loan to Jewish National Fund for Purchase of Food

A group of Swedish banks has granted a $6,000,000 loan to the Swedish section of the Jewish National Fund, it was reported here today. The loan, repayable in five years at a five percent interest rate, will be used for the importation into Israel of foodstuffs and raw materials.

Israel Minister Abraham Nissan rode in a Danish coach of state to Christiansborg Palace yesterday to present his credentials as Minister to Denmark. In his audience with the King, Minister Nissan expressed the admiration of the people of Israel for the late King Christian’s and the Danish people’s heroic defense of the Jews of Denmark during the Nazi occupation of the country. The King expressed his thanks for the tribute.