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Germany Reduces Reparations Payments to Israel; Buys Israel Copper

March 13, 1959
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The reparations payments protocol between West Germany and Israel for the budgetary year beginning next April 1 was signed here today by Dr. A. Von Haus of the West German Republic and F. Shinnar, head of the Israel Mission at Cologne.

The West German Republic has reduced its commitment, according to the new protocol, from the 310,000,000 marks stipulated by the 1952 reparations agreement to 250,000, 000 marks. Otherwise, the major provisions of the new protocol are quite similar to those of the past year.

It was learned today that Israel has delivered a shipment of copper cement to Germany from the King Solomon copper mines, in the Negev, where the installations have been brought from West Germany as part of reparations payments. Israel Purchase Mission officials estimate that during the nest five to six years, even after termination of the reparations agreement, exports from Israel to West Germany will rise to a total of 80,000,000 marks annually. During the sane period, they believe Israel imports of replacement parts for West German equipment will amount to between 100 and 120 million marks.

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