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U.S. to Donate $4,000,000 in Local Currency to Israel Institutions

February 22, 1956
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The United States Government has decided to distribute some six and a half million pounds–the counterpart of $4 million accruing from sale of books and publications sold in Israel under the American media guarantee program–to institutions of higher learning in Israel, it was announced here today.

The announcement was made by Bernard Katzen, special representative of the State Department, He said the money would be donated as a gift to institutions like the Hebrew University, Bar Uan and Tel Aviv universities, Haifa Technion and Weizmann Institute. He also voiced the hope that the settlements in Israel would accept his suggestion to permit the establishment of American cultural centers in the settlements.

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