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Dutch Bank Union Grants Loan to Help Build New Haifa Shipyard

A loan of 15,200,000 guilders ($4,250,000) was granted to the Israel Government today by the Dutch Bank Union, according to an announcement by the bank here.

The money will be used to help finance a new $10,200,000 shipyard at Raifa, Israel. The shipyard is to be built by the de Schelde firm, of Vlissingen, Holland.