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British Govt. Denies Authorization for Israel Bond Issue

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The British Government has turned down, for the time being, a request for authorization for an issue of Israel Development Bonds in Great Britain, it was learned here today.

At a conference between Reginald Maulding, M.P. and Economic Secretary at the Treasury, and representatives of the Israel Government and the bond drive organization in the United States, Mr. Maulding said that in view of the British Government’s current policy of restricting recourse to London’s capital market to Common wealth countries, the government believes that this is not the opportune moment for the flotation of such an issue. He indicated, however, that the government is ready to receive any further representations on the matter which Israel might want to make.

The Israel delegation at today’s conference included Lord Nathan of Churt, legal advisor here of the Israel Government, Henry Montor, chief executive officer of the bond organization in the U.S., and Israel Charge d’Affaires Gershon Avner.

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