The resignation of David Horowitz as Director General of the Israel Finance Ministry was announced here today. Mr. Horowitz will remain at his post until the appointment of the new Minister of Finance to succeed Eliezer Kaplan who recently resigned because of continued ill-health. Mr. Horowitz will also retain his post as economic advisor to the Government.
Mr. Horowitz’ resignation followed his return from London where he had attempted unsuccessfully to obtain a five million pound credit from the British Government to finance Israel’s oil imports for the year. He reported, however, that the had arranged private credits which would assure Israel’s oil supply for some time.
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