Premier Film Showing at Annual Home for Aged Meeting Tuesday Premier showing of a film, elections and reports will be the highlights of the Jewish Home for Aged's 45th annual meeting, to which all members of the community are invited, at 8 p. m. Tuesday, Oct. 30, at 11501 Pe- toskey. Covering all aspects of the resident's life at the Home—rec- reational, occupational therapy, medical, nursing, religious, so- cial, cultural—the film will be narrated by Dr. .Benjamin D. Welling and Gus Newman, vice- president. Following the election of 12 members to the board of direc- tors, standing committee chair- men will make their annual re- ports and serve as a "panel of experts" to answer any ques- tions from the floor regarding operation of the Jewish Home for Aged. With Myron A. Keys, presi- dent of the Home, serving as chairman of the panel, other members will include Sidney J. Allen, building; Arthur A. Fleischman, house; Edward Fleischman, finance review; Ben Kramer, public relations; New- . man, admissions; Dr. Welling, recreational and occupational therapy; Mrs. Samuel Zeldes and Mrs. Daniel Marcus, ladies aux- iliary; and Ira I. Sonnenblick, executive director of the Home. In connection with the annual meeting, the Home will hold open house all that week from Oct. 28 through Nov. 3. During the same week, the main building of the Detroit Public Library, 5201 Woodward, will display ar- ticles made by the residents of the Home in the hobby shop. Similar articles will be on sale at the Home. THE JEWISH NEWS-7 SOLOMON FAMILY CLUB met HARRISON WOOD, noted news story Sunday at the Blondy residence commentator, will tell the behind the current news at De- on Roselawn. The next meeting troit Town Hall, Wednesday, SADLER'S WELLS THEATER will be at the home of the Dorf- Oct. 31, 11 a.m., in Fisher The- BALLET will open a limited en- ater. mans, on Canterbury Rd. gagement of four performances at Masonic Auditorium on Oct. 27, 28, 29. Currently on a six- month, 65-city tour of the United States and Canada, the noted British troupe is under the di- rection of Dame Ninette de Va- lois. Friday, October 26, 1951 Thinking of a Ford? FOR Aesculapians to Hold Silver Anniversary Dinnek-Dance Aesculapian Pharmaceut ical Association and the Ladies Aux- iliary Will hold their silver an- niversary dinner - dance at 7 p.m., Nov. 7, at Northwood Inn. Chairmen of the banquet are Mesdames Phillip Forman, liar- . old Boardman,Henry Cohen and Harry Dorfman. For reservations call Harry Pernick, TY. 5-7440. A joint meeting of the two groups will be held Monday, at the Book Cadillac- Hotel. For the Best Deal in Town See sq. ft. of fine Furniture e floor for your • 10,000 All on on ce nvenien Courteous attention a ersonal, co P Same me 3 Ways to Buy ... Day Sa . 9 • . Budget • as Cosh. SAM LIEBERMAN At Jerry Bielfield Co, 6845 MICHIGAN 4 Blks. West of Livernois VI. 1-4400 Res. TO. 6-5347 STATE OF BOND ISRAEL $500,000,000 INDEPENDENCE ISSUE Two types of Bonds are offered at par as follows: , (a) Interest Bearing Bonds Denominated or Fifteen Year 3y2% Dollar Coupon Bonds. fn.'', terest payable May 1 and Nov. 1 Denominations: $500 • $1,000 • $2,500 • $5,000 $10,000 • $100,000 (b) Capital Appreciation Bonds Denominated as Twelve Year Dollar Savings Bonds, Maturity Value: 150% of issue amount Denominations: $50 • $100 • $250 • $500 $1,000 • $2,500 • $5,000 • $10,000 'These securities, though registered, have not been approved or disapproved by the Securities find Exchange Commission, which does not pass on the merits of any registered securities. 31% interest plus SOMETHING NO MONEY CAN BUY The State of Israel Bonds now being offered are the most unusual securities in the history of the world. For by investing in these Bonds, you can expect to receive rare moral and spiritual rewards, as well as financial ones. You can, in fact, look forward to a kind of gratification you do not expect in financial matters. On the one hand, your money will be earning a substantial 3 3 % interest on Coupon Bonds. It will be, invested in productive enterprises like the potash industry, chemical industry, textile industry—the expansion of electric power—the irrigation of new farmlands. But, most important, is what the result of all these investments will be. It will help build a vibrant new life for an even greater number of those people who have worked, fought, and bled for their ideals. It will help solidify a new nation which already has established itself as an important democratic outpost in the Middle East. It will help create the bread of liberty and the wine of happiness for a. people who know how to value them. Judge Israel Bonds by their soundness as an investment—that is only common ea. But also, remember the moral satisfaction they offer you—something no money can buy. Further information, particularly financial information, is contained in the Registration Statement flied with the Commission and in el more complete Prospectus which must be furnished to each purr, chaser and is obtainable from the undersigned. Orders for Bonds may be plated at, and Prospectuses obtained from, American Financial and Development Corp. for Israel 120 STATE OF S B ROADWAY, NEW YORK, N.Y. RAE 113 .0N DS Thls Is not a prospectus, or an olio/ to sell, or a solicitation of offers to buy tbese_sesuritles. The . offerins (s made only by the Prospectus. DAVID STOTT BLDG,, DETROOT The State of Israel $500,000,000 Bond Issue is intended to promote the economic development of the Stare. The proceeds of the Bond Issue are to be used for the purchase of machinery, raw materials, equipment and other items designed to increase the country's productive facilities so that it may earn and save foreign currency. Of the total amount, $205,000,000 is to be allo- cated for investment in the fields of industry and power. The sum of $130,000,000 has been designated for agricultural projects; $40,000,000 for the development of harbors, shipping and railroads; $45,000,000 for trade and services including the development of the tourist in- dustry; and $30,000,000 for the establishment , of a government mortgage bank for housing. The balance, after payment of the expenses of the issue, is to serve as a reserve for unantici.i pated projects of for increased expenditures foe, the designated projects. The Government's economic development program involves a total projected expenditure of $1,500,000,000, of which $500,000,000 is to be provided by Israel and other countries, and the balance is to be obtained in the United States. The $500,000,000 State of Israel Bond Issue is the largest single source of funds for this pro-, gram. With immigration proceeding at the rate of 200,000 a year, Israel requires capital imports meet the large investment necessary to create to permanent employment opportunities and hous- ing for the newcomers. A balanced and mature , economy will as a rule produce enough to cover the consumptive needs of its population and to provide for some further investment to increase productivity. But under the best conditions, cur- rent production cannot begin to supply the huge capital needs of a population that is increasing at the enormous rate experienced by Israel. Pales- tine and Israel, therefore, have always had an adverse trade balance—like many young coun- tries facing immigration and development tasks, including the United States, Australia and New Zealand. As immigration increased, so did the adverse trade balance. The import surplus served to meet the investment needs of the economy.' For 1949 receipts on current account were (ex-' pressed in Israel Pounds, I.L.) I.L. 20,600,000' and payments, I.L. 94,100,000. For 1950 re- , ceipts on current account were I.L. 23,800.000 and payments, I.L. 113,400,000. It is one of the major purposes of the Bond Issue to improve Israel's balance of trade through the establishment of new industrial and agricul- tural enterprises and through the expansion of production for export as well as for home con.; sumpcion. As of December 31, 1950, the funded debt was I.L 114,200,000 and the floating debt. I.L. 1,300,000. The figures do not include any Treasury Bills, because of their relationship to the Special Defense Budget which has not been disclosed for security reasons. Israel has never at any time defaulted upon the payment of principal or interest on any debt. The budgets of the Government reflect the objectives of the State of Israel to provide for the immigration and absorption of a large number of Jews. From May 15, 1948 to March 31, 1949, receipts were I.L. 28,885,000 and expenditures, I.L. 27,529,000. From April 1, 1949 to March 31, 1950, receipts were I.L. 92,876,000 and expenditures I.L. 93,800,000. From April 1, 1950 to January 31, 1951, receipts were I.L. 113,473,000 and expenditures I.L. 112,087,000. These figures do not include Special Defense Budget expenditures or receipts from internal loans financing same. The American Financial and Development Corporation for Israel with headquarters at 120 Broadway, New York 5, New York, is the prin- cipal underwriter for the State of Israel Bond Issue. The commissions or discounts are not to exceed 31/2%.