The financial talks conducted here between Britain and Israel for the release of frozen storling assets were successfully concluded today with a speed which evoked surprise oven in British Treasury circles.
Under the terms of the new agreement, Israel will receive approximately $30,000,000 in British pounds which will be released by the end of this year, when it is anticipated that another agreement will be necessary to clear the balance of the blocked assets. It was estimated here today that the balance amounts to about 13,000,000 pounds.
British officials attribute the speedy settlement of the talks largely to the business-like and forcible manner in which the negotiations were conducted by David Horowitz, the head of the Israel delegation. Progress was also reported today on the Anglo-Israel talks dealing with the liquidation of the claims of the Mandatory regime in Israel. The agreement reached today has to be approved by the Foreign Office. Approval is expected before Friday.
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