The four cargo vessels owned by the government-subsidized Israeli-America Shipping Line have saved the Israel Treasury an estimated $2,500,000, it was stated in the first annual report of the company which was made public here today.
The line’s four vessels have a capacity of 150,000 tons annually on the U.S. Israel run. The report revealed that the company is negotiating for the purchase of a transatlantic liner for regular passenger traffic between Israel and the U.S. The company paid a six percent dividend to investors on the basis of the first year’s earnings.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
