Israel will receive-somewhat less in American agricultural surpluses this year, compared with the last 12-month period, but the terms will be better, it was announced today by David Golan, deputy controller of the foreign exchange program here.
According to Mr. Golan, the 1961 allocations for United States agricultural surpluses to Israel will amount to $20,000,000 this year, compared to $30,000,000 in 1960. However, he said, the proportion of counterpart funds to be allotted to Israel will rise to 35 percent, compared to the previous 14 percent. Local U.S. expenditures here in connection with the program will be reduced to 10 percent, compared with 20 percent in 1960.
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