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Military Credits for Israel

October 2, 1973
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The Senate by a voice vote has approved an amendment to the Defense Procurement Act to give the President continuing and unlimited authority to provide Israel with military credits it needs to maintain its defense. The amendment, co-sponsored by Democratic Senators Henry M. Jackson (Wash.). Sam Nunn (Ga.) and John Pastore (R.I.), extends to Dec. 31, 1975, the authority granted the President to transfer to Israel military equipment including Phantom jets. The two-year extension of the authority first enacted in 1970 serves as insurance should the Foreign Assistance Act founder. Israel has been authorized credits totaling $300 million annually for the past two years under that legislation.

The Absorption Ministry announced in Jerusalem an IL 300,000 program to aid the absorption of immigrant artists and writers in need of financial assistance. The Ministry said it would offer loans or grants to newcomers, according to the demonstrated ability of each as determined by a special committee.

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