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News Brief

November 10, 1971
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STRICTER CONTROLS RECOMMENDED

The committee calls for stricter control of mortgages, loans and tax exemptions. It proposes that an immigrant receiving a low interest mortgage be forbidden from transferring it to another party without permission. If an immigrant sub-leases his apartment without permission or does not occupy it for six months, the Ministry’s mortgage would be subject to immediate redemption at the interest rate prevailing on the general money market. The committee urged closer supervision of apartments rented to immigrants by the Absorption Ministry at nominal sums to make sure that the immigrant does not sub-lease it while finding cheaper accommodations for himself.

All low interest loans granted immigrants for the purchase of furniture and other goods would be subject to immediate redemption if the immigrant returns to his country of origin or leaves this country for longer than six months. The proposals will be considered by a joint government-Jewish Agency committee on immigration next week. The recommendations also called on police and customs inspectors to exercise stricter surveillance to prevent immigrants from importing duty-free goods not for their own use. Where such goods are found to have been sold, the immigrant would be charged the full duty.

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