A special Israel delegation will soon leave for West Germany to open negotiations in connection with the $500,000,000 credits promised to Prime Minister Ben-Gurion by Chancellor Konrad Adenauer, according to reports by Israeli correspondents who accompanied the Premier on his trip to the United States and Britain.
Premier Ben-Gurion’s private secretary, Yitzhak Navon, did not return to Israel with the Premier today, but will fly to Cologne to brief Ambassador Eliezer Shinar, head of Israel’s Mission in West Germany, on the outcome of the Ben-Gurion – Adenauer meeting in New York last week.
The $500,000,000 credits would be made available to Israel, at the annual rate of $50,000,000, as long-term loans and direct investments for maritime and agricultural development projects, including large-scale development plans for the Negev, the correspondents reported.
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.
