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Palestine Government Lends Tel Aviv $250,000

November 9, 1926
See Original Daily Bulletin From This Date

(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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