Swiss Banks May Grant Another Loan to Israel; Loan of 20,000,000 Francs Given to J.N.F.
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Swiss Banks May Grant Another Loan to Israel; Loan of 20,000,000 Francs Given to J.N.F.

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Swiss banks which recently granted a loan of 20 million francs to the Jewish National Fund, may extend a further loan to Israel, it was reported here today.

The loan would follow a marked improvement in Swiss-Israel trade relations during the past two years. Switzerland last year exported goods to Israel to the value of 28 million francs, chiefly machinery, tools and instruments. It imported from Israel goods to the value of 3,8000,000 francs including 10,000 cases of oranges, 8,000 cases of grapefruit, artificial teeth, shoes, stockings and other items.

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