Plans were being advanced today for the negotiation of an agreement for the transfer of the remainder of Mutual Security Aid to Israel as announcement was made here of the allocation of $5,500,000. representing the last installment of the $25,730,000 in emergency interim assistance. The remainder–approximately $40,000,000—is expected to be forthcoming as soon as necessary arrangements are completed.
Of the money extended in the last grant, $3,000,000 will be used for electrical equipment and power generating apparatus to be delivered in 1952 to ease the strain on present facilities; $2,000,000 in agricultural equipment, also expected in 1952, and $500,000 in cotton.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
