Epstein, Special Israeli Representative to the
Israeli Council Approves
U.S., to Speak to Economic Club, Zionists Feb. 28 War, Bank, Popular Loans
Hon. Eliahu Epstein, Special
Israeli Representative to t h e
,United States, who was named to
represent the State of Israel in
this country upon the rebirth of
Jewish Statehood on May 14,
1948, will be the speaker at the
Jacobs, Z 0 D • president, an-
nounced.
Mr. Jacobs stated that Mr. Ep-
stein's address will mark the sec-
ond Simon Shetzer Memorial In-
stitute Lecture.
Mr. Epstein, one of the out-
standing authorities in the world
on Middle Eastern affairs, has
lived in Eretz Israel for many
years. Since 1945, when he came
to San Francisco to participate
in Jewish Agency representations
to the world powers in behalf
,
of the Zionist cause, he has been
among the chief advocates of
Jewish Statehood before repre-
sentatives of the nations of the
world.
He has been welcomed to this
country as the Israeli Special
Representative by President Tru-
man who named Dr. James G.
McDonald U. S. Representative
in Ivael as an exchange of dip-
lomatic courtesies with the Jew-
ish State.
UJA Calls 3-Day Conference
In Atlantic City, Jan. 12-14
HON. ELIAHU EPSTEIN
Economic Club luncheon on Mon-
day, Feb. 28, at the Book Cadillac
Hotel.
Allen Crow, director of the
Economic Club, announced this
week that Mr. Epstein had ac-
cepted the invitation to speak be-
fore the club on the major issues
facing Israel.
This will be the first time in
the history of the club that a
major Monday luncheon meeting
will be addressed by a spokes-
Man for the Jewish State on
Israeli plans.
Prominent Christian and Jew-
ish Zionist leaders will. partici-
pate in a reception to \be ten-
dered to Mr. Epstein during his
appearance in Detroit.
On the night of his address
before the Economic Club, Mr.
Epstein will speak at a public
meeting arranged by the Zionist
Organization of Detroit, Morris
THE JEWISH NEWS
-
Friday, December 24, 1948
3
The officers of the United
Jewish Appeal announce that a
three-day national conference
will be held . in Atlantic City
beginning Wednesday, Jan. 12,
to plan the 1949 campaign of the
United Jewish Appeal for mass
settlement and upbuilding in
Israel, for relief and rehabilita-
tion in Europe, North Africa and
other areas, and for refugee ad-
justment in the United States.
All sessions of the conference
will be held at the Chelsea Hotel.
The Atlantic City meeting will
set up a unified fund - raising
program for 1949 for the United
Palestine Appeal, the Joint Dis-
tribution Committee and the
United Service for New Ameri-
cans, according to the joint state-
ment that was issued by William
Rosenwald, Herman L. Weisman
and Rabbi Jonah B. Wise, na-
tional chairmen of the United
Jewish Appeal.
The national conference will
also observe the 10th anniversary
of the establishment of the
United Jewish Appeal as tne
combined campaign t h r o u g h
which American Jews have
"achieved a decade of dedicated
service" in the tasks of savi*.g
and rebuilding the lives of the
surviving victirns of persecution
and war in Europe. –
The principal subjects for con-
sideration at the conference will
be:
1. The emptying of the Jewish
DP camps in Europe. With most
of the Jewish DPs in Italy al-
ready transferred to Israel, and
the Jewish DP population in
Austria greatly reduced, the
major emphasis Will be on the
American-occupied zone of Ger-
many, where nearly 100,000 dis-
placed Jews still remain.
2. The immigration to and ab-
sorption in Israel in 1949 of more
than 150,000 Jews from the DP
centers and other parts of Eu-
rope and North Africa.
3. In connection with immi-
gration into Israel, which is ex-
pected to be maintained at the
rate of 15,000 monthly, it was
disclosed that the UPA is map-
ping out a huge housing program
to shelter the newcomers in 1949
and the many thousands of 1948
arrivals who are still without
permanent dwellings.
4. A major problem facing the
United Jewish Appeal agencies
in 1949 is the - situation of more
than 1,000,000 Jews in North
Africa and Moslem countries.
5. The UJA conference will
study JDC plans for eXpanding
its reconstruction program in
Eastern and Western Europe.
6. Program of aid to refugees
reaching the United States.
TEL AVIV, (JTA) — The a sale does not clash with their
Israeli State Council adopted national laws.
three bills providing for the
The popular and the bank loan
floating of three national loans
will each amount to $12,000,000.
—a war loan, a bank loan and a
popular loan—totaling $54,000,000. The bank loan will be a short
The loans will be spent on de- term issue—repayable within five
fense, increasing the railway years at three per cent interest.
facilities of the country, setting The Finance Minister pointed out
up a new airline and assisting that the banks will be asked to
municipalities to repair war- subscribe only four per cent Of
the nation's total bank deposits,
damaged areas.
thus leaving them free, to grant
In submitting the bills to the ordinary commercial 'credits.
Council for adoption, Israeli, Fin-
Declaring that he expects all
ance Minister Eliezer Kaplan de-
three loans to be subscribed by
clared that the funds were need-
Feb. 1, 1949, Kaplan said that up
ed in "connection with the tre-
to $40,000,000 would be used di-
mendous difficulties of financing
rectly in the war effort while the
the war and the need to protect rest would be used for highways,
the stability of its currency rail transport and an airline in-
against inflation."
dependent of foreign lines. In-
$30,000,000 for Defense
addition, municipalities would re-
The largest of the three is an ceive loans from the national
issue of $30,000,000 for war pur- government to tide them over
poses. Bearing three and one- their difficulties.
half per cent interest, the 10-year
Hopes to Avoid Deficit
issue becomes payable -in part
Voicing the hope that the bud-
after five years. Kaplan' an-
nounced that economic institu- get can be met without a deficit,
tions and organizations have Kaplan said that up to now the
pledged to cover the full ainount Treasury has been able to sta-
bilize the economic situation, but
of this loan.
In the event that they shotild that' the government's needs are
not be able to meet the full quota, increasing. He reported that the
Kaplan said, the bill provides for last few months have been most
compulsory loans from individ- difficult financially since help
uals owning property in excess from abroaddropped off as com-
of $9,000. The amount they must pared to the contributions re-
lend the government will vary in ceived d u r i the summer
direct ,proportion to the amount months.
of property which they own. An
The Jewish Agency has not
appeals board will be provided collected enough funds abroad to-
for persons who believe that they cover the cost of absorbing the
have been assessed unfairly. The new immigrants, he stated, there-
Finance Minister warned that fore the Jews of Israel are carry-
shirkers who are discovered will ing the additional burden. He ex-
be assessed higher sums than pressed the hope that contribu-
they normally would have been tions from abroad would increase.
expected to lend the government.
20-Year Popular Loan
Modernization of Israeli
The popular loan, a 20-year Equipment Costs $40,000,000
issue, will pay three per cent in-
TEL AVIV, (JTA)—Moderniza-
terest in the form of lottery tion of Israel's industrial equip-
prizes, including 700 lots. Sums ment will require $40,000,000, L.
won In the lotteries will be in- Shenkar, president of the Manu-
come tax exempt, while the lots facturers Association of Israel,
may be sold not only in Israel told delegates to the biennial con-
but also to persons abroad, if such ference of the organization.
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