A special 20 million pound immigration loan, linked to the dollar as a safeguard against inflation, will be floated by the Jewish Agency instead of by the Israel Government, it was disclosed today.
This decision was taken after a meeting between Finance Minister Levi Eshkol and a four-man committee of the Agency. The proposed loan will carry prizes to be drawn by lottery rather than interest payments. Half of the proceeds of the loan has been earmarked for absorption of new immigrants. The money will go to the Government to help cover housing costs for the newcomers.
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