(Jewish Telegraphic Agency)
After considering six offers for a loan, the Jewish community of Budapest signed an agreement with the British Overseas Bank for a loan of $1,000,000.
The money will be paid to the community on August 15.
The Jewish community of Budapest maintains a large number of institutions of wide scope. It owns many buildings and valuable real estate.
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.