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British Block Egyptian Deals to Protect Refugees’ Assets

The British Government acted today to protect assets of Jews exiled or forced to flee from Egypt as well as of those still under the menace of the Nasser regime. The Treasury suspended permission to trade in securities by or in behalf of residents of the Egyptian monetary area. This will have the effect of freezing the sale of securities which may have been sequestrated from Jews of different nationality in Egypt. The Treasury explained its action as one designed to protect the real owners of these securities rather than as an intensification of anti-Egyptian measures.