In a period of a little over a year AMPAL–the American Palestine Trading Corporation–has completed the sale of $3,750,000 worth of its ten-year 3 percent sinking fund debentures and has registered another $3,250,000 of these securities which it is currently offering for sale to the public, it was announced here today. It is expected that approximately $1,000,000 of the funds that will be thus realized will be used in the development of industries in the Negev part of Israel.
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