The Israel Government will raise a special fund of 40 million pounds to aid in financing the immigration of Jews from North Africa to Israel, it became known today when the Treasury announced a new tax impost, the proceeds of which will be assigned to this fund.
The Treasury said the new tax would be levied on building materials. This is expected to bring in about 14 million pounds. Means to raise the remaining 26 million pounds were to be considered at a meeting today of the members of the Cabinet concerned with economic affairs. The Knesset, now in recess, has been reconvened for Thursday to discuss the North African situation and proposed rescue measures.
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