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Israel Expects to Receive $40, 000, 000 Grant from U.S. Shortly

November 18, 1954
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Israel will shortly receive a grant of $40, 000,000 from the United States, Pinchas Saphir, director of the Israel Treasury, announced at a press conference here today. Fifteen million dollars of the grant, he said, will be used to acquire food from American surpluses.

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