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Eban Confers in Washington on New Loan for Israel; Seeks $18,000,000

Israel Ambassador Abba Eban today conferred on the question of a new loan and economic aid for the current fiscal year with C. Douglas Dillon, Deputy Undersecretary of State for Economic Affairs.

Israel is seeking a loan of $18,000,000 for power development from the U.S. development loan funds according to authoritative sources. Mr. Eban did not specify the amount sought. He said no difficulties existed and that in today’s meeting the situation was clarified.

Mr. Eban said today’s meeting covered “certain outstanding elements” in American-Israel agreements for the current fiscal year. Last week the U.S. Export-Import Bank announced a $24,200,000 loan to Israel in response to Israel’s application for $75,000,000. All aspects of the $24,200,000 loan have now been worked out.