THE JEWISH NEWS-L- 5

FridaY, NOireinber 2; 1951

Drive ,
H To istadrut
Open on Jan. 6

Jan. 6 is the date of the open-
trig of Detroit Histadrut cam-
paign. The celebration will take
place in Temple Israel, with Sen.
Blair Moody as main speaker
and an attractive musical per-
formance.
Preparations are being made
to mobilize all creative forces in
the Labor Zionist movement in
Order to successfully launch the
1952 Histadrut Campaign.
Since establishment of the
Jewish state, Histadrut has
Continuously kept its eyes on
basic tasks, expanding the social,
economic and cultural horizons
of the young state. In three
decades, Histadrut has built up
Medical institutions (Kupat
Cholim), mutual aid, vocational
training, cooperatives of all
types.

Yiddishe Marna,'
Belle Baker to Act
In Bnai Brith Show

4

,

These securities, - though registered, have not been approved or disapproved by the Securities'
and Exchange Commission, which does not pass on the merits of any registered securities.

As Nov. 11, the date of their
Variety show, approaches, 6,500
Bnai Brith women in Detroit

from this historic bond

A RICH RETURN FOR YOUR HEART... A GOOD- RETURN FOR YOUR PURSE

BELLE BAKER
have neared their fund-raising
goal of $100,000.
The variety show, which is the
culmination of the fund-raising
program, will be held at 8:30
p.m., Nov. 11, at Masonic Tem-
ple. Several headliners w i 11
appear in this star-packed show
including Belle Baker, often
referred to as t h e "Yiddishe
Mania," and in a class with
Sophie Tucker.
Jean Carroll, "America's first
lady. Of laughs," will also be
starred. Miss Carroll, since tele-
vision, has had a meteoric rise
to fame, although she has 'been
performing in night clubs and
theaters for many years.
Other acts to appear' include
the Lind Brothers—Murray, Dale
and Phil—who interpret popu-
lar and semi-classical music,
and the Dorothy Dorben
Dancers, whose precision and
timing have made them known .
as one of the finest chorus lines
in the country.
Several other acts will also be
presented. Funds raised by the
Bnai Brith women help to sup-
port activities including Anti-
Defamation League, H i 11 e 1
Foundations, Aid to Israel, Vet-
erans programs, Vocational SerV-
ice Bureau, Bellefaire, Cleveland
Home for Maladjusted Children,
Jewish Consumptive Relief So-
ciety, Leo N. Levi Hospital' and
Other national causes.

.

Anne Shelton, the British
singer, and harmonica wizard
John Sebastian, have. signed
separate deals to make concert
tours of- Israel come next Sum-
mer.

cultivation, building new harbors and homes
and factories. Thus, the free people of Israel
and those hundreds of thousands awaiting
entry will be enabled to live productive lives.
You who by these historic Bonds will be
making an investment of your money, cal-
culated to yield a good return. You will also
be making an investment that will yield a
return of incalculable richness to the heart
and spirit.
The sooner you buy your Bond, the sooner
will Israel achieve its goal of economic inde.
pendence.

This Bond is one of the great historic docu-
ments of all time.
It marks the fulfillment of biblical prophecy.
It marks the culmination of the five-thou-
, sand year march of an ancient people toward
its destiny. There has never been anything
like it.
This Bond will provide the sinews for con-
tinuing the dynamic development of the
world's newest and fastest growing democ-
racy. It will provide the means for the ex-
pansion of irrigation projects, steel and
aluminum mills, enlarging the areas under

Further information, particularly financial information, is contained in the Registration State-
ment flied with the Commission and in a more complete Prospectus which must be furnished
N each purchaser and is obtainable from the undersigned.

1

Orders fe; 11.0.19 flow lie plead

0,

..d Primmetwiesm Aphokood from,

American financial and Development Corp. for Israel

STATE OF

120 IBROAPWAY NEW YORK, N.Y.

IS RAE

!BONDS

DETROIT OFFICE: DAVID STOTT BUILDING

STATE or

ISRAEL

$500,000,000

Two types of Bonds are offered at par as follows:

(a) Interest Bearing Bonds Denominated as
Fifteen Year 31 /2 % Dollar Coupon Bonds. Interest 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

The State of Israel $500,000,000 Bond Issue is intended to promote the economic de-
velopment of the State. 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 coun-
try's productive facilities so that it may earn and save foreign currency. Of the total
amount, $205,000,000 is to be allocated 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 harboa, shipping and railroads; $45,000,000 for trade and
services including the 'development of the tourist industry; and $30,000,000 for the
establishment of a goveinment mortgage bank for. housing. .
The balance, after payment of the expenses of the issue, is to serve as a reserve for
unanticipated projects or for increased expenditures for the designated projects.

The Governments economic development program involves a total,projected-expendi-
Cure 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 Istael Bond Issue is the laigest single source of funds for this program.
With immigration proceeding. at the rate of 200,000 a year, Israel requires capital
imports to meet the *large investment necessary to create permanent employment op-
portunities and housing for 'the newcomers. A balanced and mature economy will as a

This is not a prospectus or an offer to loll or a solicitation of offer.

INDEPENDENCE BOND ISSUE

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. Palestine and Israel, therefore.
have always had an adverse trade balance—like many young countries facing immigration
and development tasks, including the United States, Australia and New Zealand. As im-
migration 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 19 5 0
receipts on current account were I.L. 23,800,000 and payments, IL. 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 agricultural enterprises and through
the expansion of production for export as well as for home consumption.
As' of December 31, 1950,. the funded debt was I.L. 1/4,200,000 and the floating
debt, I.L. 1,300,000. The figures do not include any Treasury Bills,. because of their re-
lationship 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 pro-
. vide for the inirriigratidn 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, seceipti 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 LL: '112,087;000. These figures do not include Special Defense Budget
expenditures or receipts from internal loans financing same.
The Arnericarc.Financial and Development Corporation. for Israel with headquarters
at 120 Broadway,. New 'York 5, New York, is the principal -underwriter for the State

- unts are not to exceed 3V2%.
. of Israel Bond Issue: The comi*ssions or disc a

to buy

these securities. The offering is made only by the Prospectus.

You Are Invited to Participate in

Community Planning Conference -f®r Israel

Saturday, 8:30 p. m. November 10 through Sunday, November 11

Jewish Community Center, Woodward at Holbrook

Sponsored by Council of Organizations ,and We men's Division, Detroit Israel Bond Committee