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Israel Needs Another $1,000,000,000 for Country’s Development

Israel will require another $1,000,000,000 for investments to further the development of her natural resources, industry and communications, Finance Minister Levi Eshkol last night told the 21 American-Jewish leaders who arrived here to study the economic development of the country.

The group, which is composed of community leaders active in the sale of Israel Bonds in the United States, was told that the major portion of the $1,000,000,000 will be invested in “the direct creation of productivity.” Mr. Eshkol emphasized that Israel looks for one-third of the $1,000,000,000 to come from the sale of Israeli bonds in the U.S., one-third from philanthropic and private investments and the last third from its own population.