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Israeli-japanese Fishing Firm Formed; to Operate in So. African Waters

A joint Israeli-Japanese fishing company has been established at Elath to operate in waters off the Union of South Africa, Jacob Merider, a member of the Knesset, announced here today.

The new company has already purchased its first fishing boat and will man it with a crew which will be half Japanese and half Israeli. The capital investment is also on a partnership arrangement. In addition, the new company will attempt to raise cultured pearls in the fashion they are currently being produced in Japan.