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Eshkol to Seek Investments for Israel in U.s., England, France

Levi Eshkol, Israel’s Finance Minister, is coming to the United States next month to explore the possibilities of further American investments in Israel and to try to reach an agreement with the International Bank for Reconstruction and Development for a loan to aid industrial development of the Dead Sea potash works, it was revealed here today. Possibilities for further investments in Israel will also be discussed by him, during his September tour, with financiers in England and France.

At the present time, Mr. Eshkol declared here today, he is trying to face up to increased governmental expenses that are straining the government’s budget. Among the unexpected expenses are those caused by an increase in salaries for school teachers. This item, he declared, may run into “several million pounds.” He promised that the extra expenses would be raised without new taxation. The added monies, he stated, would come from the increased duties on certain imports.

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