The British Government announced last night it would give full payment to about 90 per cent of claimants for losses in Egypt arising from the nationalization and confiscation of British property following the 1956 Suez operation against Egypt. The claimants include a substantial number of Jews.
To make the payments possible, the Government said in Parliament, it would pay into an Egyptian compensation fund about 5,500,000 pounds sterling ($15,400,000), in addition to the amount already in that fund amounting to 29,500,000 pounds ($82,600,000). The total to be used for the payment of such claims will therefore exceed 35,000,000 pounds sterling ($98,000,000).
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