Jewish Agency Adopts Six-month Budget of 119, 200, 000 Pounds

The Jewish Agency executive adopted today a six-month interim budget of 119, 200, 000 pounds for the period between October 1, 1957 and March 31, 1958. Called a minimum budget which does not meet the realistic demands of the many tasks facing the Agency by Agency treasurer Dr. Dov Joseph, it compares with 221, 000, 000 pounds spent in 5717, the Jewish year just concluded.

The budget assumes an immigration of 26, 000 men, women and children between now and April 1, 1958. Three-quarters of the budget will be spent inside Israel for services to immigrants 16.5 percent will be used to repay loans and the remainder will cover administrative costs, education abroad and a reserve.

One feature of the new budget is an allocation of 225, 000 pounds to the economic department to assist 500 middle class families settle in Israel during this six-month period.

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