A previously-announced $5, 000, 000 development loan to Israel was signed and implemented at a formal ceremony here today.
The loan will aid the development of Israeli industry. The agreement was signed by Dempster McIntosh, managing director of the Development Loan Fund, and Yehuda Leviatov, acting director general of the Israel Industrial Institution, Ltd.
The signature today was the formal completion of the loan, issuance of which was announced some time ago. In signing the agreement, at the offices of the Development Loan Fund here, Mr. McIntosh and Mr. Leviatov noted that today was the eve of the eleventh anniversary of the State of Israel.
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