The Lloyds Bank of London has offered the Jewish Agency a large long-term loan which would make possible expansion of Jewish post-war activities in Palestine, it was revealed here today by Eliezer Kaplan, Agency treasurer, addressing the opening campaign of the Keren Hayesod drive here.
Mr. Kaplan disclosed that the Agency’s budget for the current year is $8,000,000, half of which will be allocated for the development of new colonies in northern and southern Palestine and for economic measures to facilitate the transition from a war-time to a peace-time economy.
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