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Israel Suspends Implementation of Loan for Immigration from Rumania

The Treasury today issued instructions to stay the implementation of the compulsory loan which was promulgated to finance immigration from Rumania. The fate of the loan will be decided at a meeting of the Cabinet.

Deductions from salaries for the loan were to be started this month, but employers were today advised to wait for further orders. Second thoughts about the loan, which was expected to bring 40,000,000 Israeli pounds, emerged when the unexpected flow of Jewish immigration from Rumania was abruptly halted.