New U. S. Pact Is Expected
To Increase Flood of Investments
dica.tes that the U. S. govern-
ment has confidence in Israel's
economic future and regards
the Jewish State as a safe place
for American investments. "It
is now expected that the new
agreement will greatly c o n-
tribute to the promotion of in-
vestments by American indi-
viduals and companies in Israel,
a government spokesman stated.
(In Washington, a spokesman
for the Israel Embassy hailed
the new agreement as repre-
senting "a definite encourage-
ment to American investors in
initiating or joining investment
undertakings in Israel.")
Rejects Proposal
The view of the American
On Aid to Jews in Aden
government with regard to the
LONDON, (JTA)—The Colo- new agreement was expressed
here by Bruce MacDaniel. direc-
vial Office has turned down a tor of the Technical Cooperation
World Jewish Congress proposal
A
that government loans totalling Administration
in Israel, under
80.000 pounds available to mein- whom the guarantee agreement
will be carried out.
bers of the Aden Jewish coin-
The agreement guarantees
munity after the anti-Jewish American investors conversion of
riots in that protectorate in De- up to 10 percent of their in-
cember 1947 be converted into vestment annually in the form
grants.
of profits, dividends or repatria-
Immediately after the riots, it tion of capital. The pact is
Was estimated that the Jewish similar to those concluded pre-
population suffered property viously between t h e United
tosses amounting to nearly 900,- States and Austria, Denmark,
Greece, France. Italy and Nor-
000 pounds. An investigating way. For a small "premium" in-
accepted
"as
fully
vestments
will be guaranteed in
COM IlliSSi011
bubsta.ntiated" losses amounting dollars out of Mutual Security
to 400,000 pounds and reconi- Act funds.
Mended the payment. of grants
•
totaling agL000 pounds to vic- - East Germany Cancels .
thus of the disorders. A govern
event assistance scheme eventu- 1 9 1-5 Reparation Laws
ally made outright grants of
. about 60.000 pounds and gave B E R L I N, (JTA — The East
individual 15-year loans amount- German government m the
trig to about 80.000 pounds. Re- Soviet Zone has abolished all 1
. payment was scheduled of start reparation and indemnification
this past April.
l laws existing in its territory.
1
In March. the Aden Jewish The laws had been enacted in
Community. in a memorandum 1945 by the governments of East 1
Aden Administration. and West Germany, on the
" to the
stressed that an economic slump initiative of the Allied Control.
In 1951 complicated by the inse- Commission.
Nullification of these laws at-
turity of the Jewish population
after the pogroms and the in- fects, persons no w residing i
adequacy of the government abroad who sufiered material;
t ► ssistance scheme had made re- losses under the Nazis and I
payment impossible. The corn- whose 'property has so far been
munity also sought the assist- administered by trustees.
SoViet sources said the new
ante of the W.J.C. in this mat-
laws governing the future status
ter.
After the Congress had raised of reparation and indemnitica-
question with the govern- tion have already been drafted ;
the
ment and the Colonial Office by the nrovinclal governments
consulted the Governor of of East Germany. No indication
had
Aden, the Colonial OffiCe in- , of the nature of the laws. how-
formed the Congress that it ever, were given.
• the Governor's view
agre ed v. •ith
that the assistance rendered was Meteorological Service
In Israel Has Openings
the "maximum that could be
- expected" and that "by far the
---
Majority* of the members of the
Following resignations in the
Jewish community who re- office of the Israel Meteorologi-
Maine(' in Aden had successfully cal Service, the following posi-
re-established themselves.. - The tions are available:
W.J.C. today pledged itself to
Chief of Central Forecasting
new efforts in behalf of the Station—a degree in natural
science and five years of prac-
Aden community.
tical forecasting work. or secon-
dary education and seven years
of forecasting is essential. Duties
would require direction of rou-
tine activities and supervision of
personnel and equipment in
Adlai and Jewish Names
charge of issuing weather fore-
casts.
Editor. The Jewish News:
Senior Forecaster—a degree in
Your article about Adlai Stev-
enson was very interesting. Our natural science and three years
practical
forecasting. or secon-
Jewish people who prefer to
name their children Lawrence, I dary education and six years
forecasting work required. In
Donald and Norman. rather charge of Central Forecasting
giving them Biblical
than
names, should take a lesson Station during his shift. and
additional duties requiring syn-
from the Stevenson family!
optic research, organizational
I would like to call your atten- work in maritime meteorology
tion to the fact that the Hebrew and assistance to Chief, Central
version Adloy toy) has nothing Forecasting.
to do either with the Sephardic
A knowledge of English is es-
or Ashkenazic pronunciation.
sential for both Jobs, with
You can not draw any conclu- knowledge of
Hebrew and
sions in this particular case, French helpful. Applications
since the position of the word should be sent to Civil Service
happens to be at the end of a Commission, Jerusalem P.O.B.
sentence. Similarly. the word for 291.
Egypt is Mizraim. but at the end
of a sentence Mizroim. See also Rabbi Lelyveld to Address
joshua. Chapter 8, verse 11, Jewish Youth Conference
where you have in one sentence
ay and oy. the latter at the end
NEW YORK—Rabbi Arthur 3.
Of the sentence.
Lelyveld, national director of
HENRY N. CARLEBACH. Bnai Brith Hillel Foundations,
•
will keynote the fifth annual
assembly of the National Jew-
CARD OF THANKS
ish Welfare Board - sponsored
The family of the late Sam National Jewish Youth Confer-
Turken wishes to thank its many ence. Aug. 28 to Sept. 5, at Camp
relatives and friends for the Wel-Met, Na.rrowsburg, N. Y.
kind expressions of sympathy
THE JEWISH NEWS - 7
extended during its recent be-
Friday, August 15, 1952
TEL AVIV, (JTA)—A flood of
American investments in Israel's
industry was foreseen here today'
following the agreement reached
this week between the Unite'
States and the Israel govern-
Anent under which American
private investors in the develop-
ment of Israel will get their
money back in dollars and will
"receive American protection
against losses from possible ex-
propriation.
Government circles here said
that the new agreement in-
;
SCUOLNICK'S . . .
Every group
.
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