Israel Repays $1,000,000 Loan to American Labor Union; Check Sent to Dubinsky
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Israel Repays $1,000,000 Loan to American Labor Union; Check Sent to Dubinsky

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The Israel Government has repaid $1,000,000 to the International Ladies Garment Workers Union which advanced the sum to Israel as a loan about a year ago, it was announced here today by David Dubinsky, president of the union. The $1,000,000 was lent when the Jewish state was in need of short-term loans to pay for materials purchased in the United States.

In announcing the receipt of the million-dollar check from the Israel Treasury, Mr. Dubinsky emphasized that the Jewish state is meeting its financial obligations promptly in spite of the economic difficulties in which the country finds itself. He appealed to the Jews of American to invest their money in Israeli bonds, especially in bonds issued by the Amon Israeli Corporation, which is building homes in Israel.

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