TEL AVIV (Jun. 14)
The first shipment of phosphates from Israel’s Negev mines abroad will leave here tomorrow for Italy. The 500 ton shipment is experimental and if the phosphates prove satisfactory for Italy’s needs, greater deliveries are expected to follow.
Meanwhile, Minister of Finance Levi Eshkol announced that the development section of the Finance Ministry has worked out a 20-year plan for the use of Israel’s mineral resources. He estimated that the plan would requires, some 100,000,000 pounds, at least one third of it in the first three to five years, and one half of that portion would have to be in foreign currency obtainable from investments or the sale of Israel bonds. Mr. Eshkol said he hoped to obtain 4,000,000 pounds from the development budget this year to start various projects envisioned in the plan.