Aubrey Eban, head of the Israel delegation at the United Nations, today informed the U.N. Palestine Conciliation Commission that the Jewish state is prepared to make special conoessions to meet the needs of the poorest Arab refugees.
Mr. Eban revealed that Isreal will release frozen Arab balances in the Jewish state up to 100 Israel pounds per account. This will cost Israel about $3,000,000, it was estimated. The only condition attached is that the money will be released in local currency and may not be transferred abroad.
The argument against permitting the transfer of the currency, as presented by the Israel delegates, is that if transfers were permitted they could swell Arab cash resources for further purchases of arms abroad. However, the money would become transferrable 60 days after the signing of a permanent peace pact between Israel and the Arab states.
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