The Israeli cruise ship Nili, which was impounded here last year when its owners, Nili-Somerfin Car Ferries, Ltd., of Haifa, failed to meet mortgage payments, was sold to the Israel Government at auction here yesterday for $4,200,000. The Israel Government, which purchased the vessel to protect its own position as a creditor of Somerfin, intends to resell it.
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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.