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Israel Places $5,200,000 Order in Germany Under Reparations Pact

July 8, 1953
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The Israeli purchasing mission here today sent to German factories the second group of orders for industrial goods worth $5,200,000 to be supplied under the terms of the Israel-German reparations agreement.

Three weeks ago the mission placed orders for $8,500,000 worth of industrial products. Earlier, oil products worth substantially more were ordered from British Commonwealth countries and paid for by Germany from its sterling surpluses.

Today’s shopping list is chiefly devoted to semi-finished non-ferrous products and non-ferrous alloys, with some $2,000,000 worth of orders going to plants manufacturing copper, brass, aluminum and lead products. The second largest group of orders is for $1,200,000 worth of electrical products, most of which are cables. One million dollars is devoted to hot rolled steel products and $200,000 to cold rolled steel.

A total of $285,000 worth of high tension insulators will be purchased as well as $85,000 worth of telegraph poles and $250,000 worth of other wood products. For the first time machinery has been ordered, but the first batch of machine orders only totals $87,000. Lesser sums are devoted to chemicals, tires, tubes and precision instruments.

(The Zim Navigation Company, Israel’s largest shipping company, is negotiating with German shipyards for the construction of ten vessels, including several liners, M. Levinson, manager of Zim, reported in Tel Aviv today. Payment for the ships will be made under the terms of the German reparations pact.)

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