Israel expects 250, 000 Jews to arrive between 1957 and 1959; Finance Minister Levi Eshkol told the Parliamentary Finance Committee yesterday.
Housing alone for these immigrants would cost half a billion pounds, he estimated. Mr. Eshkol reported that 3, 000 housing units were going up each month. Explaining where the government hopes to obtain funds for housing the new immigrants, he said that 100 million pounds would come from internal loans, a like sum from government budgets and the remaining 60 percent from foreign loans. United Jewish Appeal receipts, Israel bond sales and housing investments from abroad. He laid particular stress on the importance of a group of American investors, headed by Philip M. Klutznick, in the housing field.
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