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Palestine Government Lends Tel Aviv $250,000

November 9, 1926
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(Jewish Telegraphic Agency)

The stability of Tel Aviv. notwithstanding the present unemployment, was recognized by the Palestine government in its first loan advanced to a Jewish city in Palestine.

The government granted the Tel Aviv municipality a loan of £50,000, it became known here yesterday. It was stated that the loan will be used to inaugurate necessary public works which will partly relieve the employment situation.

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