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Eleven ‘mortgage Marchers’ Released in Israel; Several Injured

March 8, 1962
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Eleven so-called “mortgage marchers,” arrested by police here following a demonstration Monday were released today after interrogation.

The marchers, protesting against new regulations concerning holders of dollar-linked mortgages, are believed to have been inspired by Communists, police authorities said. Eleven of the demonstrators were arrested after a relatively quiet demonstration had turned into a stormy parade trying to penetrate some of the principal streets in the center of Tel Aviv. In a resulting clash, several persons were injured.

Police said that several of those arrested were proven to have no dollar-linked mortgages. According to the police, Communists are inciting Israelis to demonstrate against the Government’s new economic policy, enacted since the devaluation of the pound nearly a month ago. There are reported to have been incitements among workers to demand immediate payment of higher cost-of-living allowances.

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