JERUSALEM (Jun. 1)
The Israeli Cabinet approved the establishment of a public corporation yesterday to raise funds for “the economic development and rehabilitation” of Arab refugees in the occupied territories. It plans to raise $24 million from donations all over the world. It has received its first commitment of $2.4 million from a Jewish resident of Britain who wishes to remain anonymous. The funds are intended to finance the so-called Peres Plan, proposed by Shimon Peres, Minister of Immigrant Absorption. The plan calls for the creation of new jobs in the occupied territories and the general economic development of the region including vocational training, farm development, health education, welfare, housing and civil engineering.