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Show FORD MOTOR COMPANY TO SUPPLY MANY TRUCKS FOR ISRAEL Hcry Ford N 1 Ford Motor company urn -sta u immediate production ol I" -apprLxnnately S4.onJ..0 wor th of trueks and buses which 1. u been ordered from the ton company com-pany lor shipment to Israel Mr Ford said that representatives' representa-tives' of the Israeli guvenmion and Of Ford International hajt conferred on the purchase, whim covers approximately l.uiiu u hides. Dr. Chain) Vei.nwnn. president presi-dent of Israel, told Mr. H-rd a-bout a-bout the new stale's acute trans- si . V . .1 1 r nil port problems at a New or lunch. -Oil conference in April when the president visited the United States. At this luncheon Dr. Weizmann outlined the difficulties faced by Israel m this period of the new nation's existence. Fur this reason, rea-son, Ford Motor company is making ma-king a departure from its usual commercial policy on sales to foreign governments, Mr. Ford j continued. "In this case", he said, "our; I purchase agreements with Israel; I specify that an immediate pay-: i ment of 40 per cent of the total will be made in dollars from ; funds Israel receives from the Export-Import bank. The company com-pany vvill extend credit on the i GO per cent balance, which will be paid in equal annual install meiits over a three year period." 1 Engines and other component parts will be manufactured in the company's River Rouge ; plants, assembled in the plant at Edgewater, N. J., and loaded at Atlantic coast ports as quickly as shipping space can he obtained obtain-ed on vessels going to Israel. Preliminary discussion leading; to today's order for Ford pro -! ducts was held in March when1 Israel officials inspected the ! company's production facilities in i Dearborn. Final details were ar-! ranged in Tel Aviv recently m the course of conversations between be-tween Israeli officials and Walter Wal-ter L. McKee, Ford International regional director for Europe and the Middle and Near East. |