A campaign to raise $50, 000, 000 in housing bonds to provide dwellings for newcomers was launched today on a nationwide basis by Levi Eshkol, Israeli Finance Minister.
Speaking at a press conference, the Finance Minister said the number of immigrants was expected to top 100, 000 by the end of the fiscal year. If funds were not provided locally there was a danger that immigrants arriving in the fall would not have proper housing. He warned that in that event Israel would have to return again to transitional camps, the maabaroth.
The housing fund drive would be a popular loan with either cost-of-living or dollar links and will carry six percent interest, Mr. Eshkol explained.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
