The Cabinet today approved a recommendation to set up a special banking institution to finance the construction and purchase of new vessels for the future expansion of Israel’s merchant marine.
The country’s merchant fleet, which now totals 640,000 tons and includes 70 active vessels, is expected to reach a total of 1,000,000 tons by the middle of 1964.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
