`The Weir-Powerful Screen Instrument
Against Race Riots-Is at Fox, Nov. 30

"The Well, "the new social film
Coming to the Fox on Nov. 30,
shoves into the background the
previous similar screen appeals
for fair play.
In advance of its coming here,
the frightened and panicky pro-
tested . against its presentation.
But David Idzal, Fox Theater
manager, has displayed courage
in . his determination to present
it, and those who strive for: am-
ity among all races have ex-
pressed the hope that large
tournouts will greet the film
at every showing.
"The Well" is based on the
Detroit riots. It shows what can
happen through spread of ru-
mors. A little Negro • girl falls
into a well. The search for her
is accompanied by speculations
which create the rumors that
lead to riots and to battles be-
tween Negroes and whites. When
the truth is established, amity is
restored and all work again
harmoniously together.
Those who remember the De-
troit riot will see in most of the
scenes in "The Well" actual re-
-productions of local occurences.
Clarence Greens, 'co-producer of
the film and co-writer of the
script with Russell Rouse,. was in
Detroit last week to attend pre-
views. He related an interesting
story. When the film was in
preparation, he was advised to
see Bill Walker, who managed a
Paradise Valley Cafe during the
riots and who since has moved
to California. Walker told the

Mishkan Israel Plans
UN Partition Program

At a gathering at 8:30 p.m.,
Monday. at Cong. Mishkan Is-
rael, 2627 Blain, the observance
of the 4th an-
niversary of the
United Nation's
Palestine parti-
tion resolution
will be o e 1 e-
brated, and the
meeting devoted
to an appraisal
of conditions in
Israel and the
place of relig-
ious Zionism in Shainak.
the new state.
Abraham Shainak, Mishkan
Israel president, urged all resi-
dents of the 12th Street—Lin-
wood area to attend. A f i 1 m;
"Tent City," will be shown. Rabbi
Isaac Stollman will report on the
procedings of the recent M i z-
r a chi convention. in Atlantic
City and on his observations in
Israel last summer.
Cantor Sandor Greenfield will
be presented in a program of
Yiddish and Hebrew songs.

•

Technion Begins
$10,000,000 Drive

NEW YORK—Israel was hail-
ed as a "beachhead of democracy
in the Middle East, devoted to
progressive methods in industry,
agriculture, and government," at
a two-day emergency conference
of the American Technion So-
ciety at the Hotel Astor.
The conference, which brought
together delegates from 27 key
cities of the United States and
Canada, including Leon Kay and
Samuel Brodie of Detroit, pledg-
ed the Society, which supports
the Technion, Israel's Institute
of Technology in Haifa, to the
raising of a capital fund budget
of $10,000,000 during the next
three years.

Moving story of experiences dur-
ing the riots. Some of the scenes
were then rewritten and Walker
was chosen to play the role of
the Negro doctor who makes the
touching appeal in the fihn to
the mayor and the citizens com-
mittee for a serious effort to
forestall trouble.
"The Well" is a great prOduc-
ton. It can serve as an instru-
ment against the spread of ru-
mors and for the prevention of
riots—provided enough people
see it.

Two typos of Bonds are offered at par
as follows:
•
(a) interest Bearing Bonds Denominated as
Fifteen Year 3 1/2% Dollar Coupon Bonds. its-
terest payable May 1 and Nov. 1

Denominations: $500 • 51,000 • $2;500 • $5,000

$10,000 • $100,000

(Is) Capital Appreciation Bonds Denominated as

Twelve Year Dollar Savings Bonds, Maturity
Value: 150% of issue amount

Denominations: $50 • $100 • U50 •

reports indicate that a number
of previous deportation orders
have been received and the de-
portees permitted to return to
Budapest from eastern Hungary.
Their former homes, however,
are not being restored to them
and many of them are suffering
considerable hardships, particu-
larly the aged.
Representatives of the Agudist
executive have conferred in Paris
with the Joint DistributiOn
Committee on—the situation in
Hungary.

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

INDEPENDENCE BONO ISSLIME

0,000 • $2,500 • $5,000 • $10,000

Hungary Resumes Deportation
Of Jews From. Its Towns

LONDON (JTA)—The Hunga-
rian authorities have resumed
deportation of Jews from Buda-
pest and border towns in west-
ern Hungary, according to au-
thoritative information received
by the executive of Agudas Is-
rael. The • towns include Gyor,
Sopron and Szombathely.
In Budapest, according to this
information, the deportees are
given two days' notice that they
will leave the capital but are not
THE JEWISH NEWS--7 informed of the destination to
which they are being sent. The
Friday, November 23, 1951

*500,000,000

$300

The State of Israel $500,000,000 Bond Issue is
intended to promote the economic development
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 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-
pated projects or for increased expenditures for
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
to meet the large investment necessary to create
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 candor begin to supply the huge
capital needs of a riopulation 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-
sumption.

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 expenrditures,
I.L. 27,529,000. From April 1, 1949 to March
31, - 1950, receipts were I.L. 92,876,000 and
expenditures LL. 93,800,000. From April I,
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.

For
Contributors
Only

Out of a genuine interest- in the new democracy, out of a deep desire
to help rehabilitate large sections of the Jewish people, many American
Jews have been generous contributors to Israel's development during
the past decade.

As contributors they have shown a wholesome -awareness of need, a
ready understanding of problems, a sincere sympathy for the great and
historic effort to restore an ancient people to its ancestral homeland.

Although philanthropic gifts must continue to meet problems of relief
and immigration, there are many other requirements in absorbing
hundreds of thousands of newcomers into the lifestream of young Israel.
Moreover, capital investments are crucial for the future development
of the economic structure of this infant republic.

Because they want Israel to weather its present troubles, grow strong
and prosper as a free and creative democracy, contributors must make
the State of Israel Bond Issue an important factor in their program
for Israel.

The State of Israel Bond Issue is indispensable to the economic growth
of the country; it is vitally necessary to furnish the resources for the
expansion of industry and agriculture and for the successful integration
of large masses of immigrants as productive and happy citizens.,

The American Financial and Development

Corporation for Israel with headqearters 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 %,

In this turning point of Israel's development, what is needed is full
and prompt investment in Israel Bonds, as well as continued philan-
thropic contributions.

When you buy Israel Bonds, you hasten the economic independence
of Israel and strengthen its position as a haven and homeland for large
sections of the Jewish people.

Direct .JTA Teletype Wire to
The Jewish News

Center Speakers to_ Meet Nov. 24
The Speakers Club of the Jew-
ish Community Center, which
gittres its members an opportuni-
ty to acquire practice in public
speaking, meets twice a month
at the Davison Center. Its next
meeting will be at 9 p.m., Nov.
24. L. G. Small is president.

Sheldon Iden, son of Mr. and
Mrs. Morris Iden, of Wisconsin
Ave., was in-
stalled as master
counselor of
Mosaic Chapter,
Order of Demo-
lay, Nov. 17, at
Masonic T e m-
ple. Vern Prim-
ack and T() m
......
Banks were in-
Sheldon
stalled as senior
and junior counselors,

STATE lor ISRAEL

Acheson, Sharett Confer

PARIS — U. S. Secretary of
State Dean Acheson and Israel
Foreign Minister Moshe Sharett
met Tuesday and discussed mat-
ters of mutual interest to their
two . countries. No statement was
issued after meeting which was
held at Hotel Astoria.

Sheldon 1 den to Head •
Mosaic Chapter, Demolay

Detroit Office:

Further information, particularly financial information, is contained in the Registration Statement filed with

the Commission and in a more complete Prospectus which must be furnished to each purchaser and is
obtainable from the undersigned.

2200 David

Orders for Ion& may

be placed at, and Prospectuses obtained hem;

American Financial and Development Corp. for

Stott Bldg.

STATE OF

Israel

ISRAE 1.2°NDS

120 BROADWAY, NEW YORK,. N.Y,

This is not a prospectus or an offer to sett or p solicitation of offers to buy these securities. The offering is mode only by the Prospectus.

.

