Israel will receive 300,000,000 marks, (74,000,000) worth of products during the 1965-66 year of the reparations agreement with West Germany, the last year of the pact signed in 1952, A. Boohr, director-general of the West German Economics Ministry, said today in Cologne.
He gave the figure in announcing that the protocol for the final year had been signed by him in Cologne after Dr. Felix Shinnar, head of the Israel Mission at Cologne, signed it in Jerusalem.
The West German official said that, under the agreement, West Germany was paying reparations totaling 3,000,000,000 marks ($750,000,000) to Israel, and 450,000,000 marks ($112,500,000) to the Conference on Jewish Material Claims Against Germany. These reparations payments are separate from individual restitution and indemnification payments made West Germany to victims and heirs of victims of the Nazi holocaust.
He said that, by the end of the agreement, Israel will have received goods from West Germany, totaling in value 2,400,000,000 marks ($600,000,000). Of that amount, he said, 1,500,000,000 marks ($375,000,000) was in the purchase of raw oil.
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