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U.S. Aided Israel with $348,000,000 Since State’s Establishment

The United States has made available to Israel in grants, loans and technical assistance, the total of $348,000,000 since the state was organized, it was reported by Bruce McDaniel, American director in Israel of the American Technical Cooperation Administration. The report was prepared on the eve of the third anniversary, March 3, of the signing of the original TCA agreement between Israel and the U.S.

Mr. McDaniel’s report also noted that Israel has matched American aid with 123,000,000 pounds–worth $344,400,000 under the currency arrangement contained in the TCA agreement. He disclosed that thus far the United States has supplied Israel with 99 technical experts, each of whom trains a “counterpart technician in his speciality” before departing.