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Israel Cabinet Acts to Conserve Foreign Currency; Moves to Increase Exports

June 9, 1950
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The Israel Cabinet today adopted measures designed to cut down the gap between exports and imports and conserve the country’s small supply of foreign currency. Among the measures agreed upon were the offering of premiums for the achievement of export quotas and the advancement by the government of mortgages for hotels to encourage and increase the tourist trade.

The Ministers heard a report of a commission which investigated the situation regarding education in the immigrant camps, which several months ago presented the coalition government with its first major crisis. Nahum Levin, director of cultural absorption for the camps, has resigned his post and two camp employees have been dismissed in the wake of the investigation.

The Cabinet also approved an outline of an agreement between the government and the Palestine Potash Company and draft bills on citizenship and the suspension of business and other public activities on the Sabbath.

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