Jericho Lodge Plans
Memorial Services
Jericho Lodge, Indepen• Order
of Odd Fellows, will conduct an-
nual memorial servifsis
. for its
deceased members arw8:30 p.m.
Tuesday at its Temple, 11331
Linwood. Rabbi Jacob Chinitz
and W. George Bain, grand mas-
ter of Michigan's grand lodge-
will be. guest speakers.
Talmud Courses Started for Jews in U. S. Armed Forces
NEW YORK, (JTA)—A pro-
gram of free correspondence
courses in Talmud for Jewish
men and women on active duty
with the American military
forces was started by the Union
of Orthodox Jewish Congrega-
tions in cooperation with the
World Zionist Organization.
These courses will be available
to those service personnel who
are interested in improvi ng
their Jewish knowledge, either
as individuals or as members of
study groups. Lessons in English
will be included in the kits for
the interested student at regular
intervals, and will be constructed
so as to encourage the partici-
pant to work on his own. An
8—THE JEWISH NEWS
Friday, September 12, 1952
opportunity will also be provided
for the recipient to submit his Publish New Work by Chajes
own questions and to receive
The Transcontinental Music
answers.
Corporation announces that the
"Song of the Pioneers" for mixed
Carl M. Loeb, New York brok- voices, music by Julius Chajes,
er, made a gift of $250,000 to lyrics by Michael Atzmoni, has
the City of New York for con- just been published. Orchestra-
struction of a new boathouse in tion is available on rental at re•=
Central Park.
quest.
Thou securities, though toglstered, hove net been
approved or disapproves, by the Securities
and Exchange Commission, which does not pose on the• merits of
any registered securities.
•
211231 1Z13 ;11Z1t) ;TDVIVI D1501 71D12
MAY
ri"ri 1BOZ
ISRAEL BE INSCRIBED FOR PEACE
May she grow in strength and glory
. May she achieve full stability and security
Americans have a • powerful instrument through which
they are helping to' bring reality to Israel's plans for unprece-
dented economic development during the Year 5713. By their
iorvestments in the $500,000,000 State of kind Bond Issue,
they are giving Israel the means to build her industry and
mate a strong nation able to provide for all its citizens.
New products are coming out of Israel's fa tons: Kaiser-
Prazer automobiles, Phileo refrigerators, radios, and a host
of ether commodities never 19efore produced anywhere in the
Middle East. The famous harbor of Haifa is being expanded
to more than triple its present capacity. Swamplands are being
reclaimed for homes and factories to house and employ tens
of thousands of Israel's new citizens.
Israel has already made historic strides as a mu* of the
Gael Bond Issue. These aoltievemontig aso bog an indication
of the growth yet to came. With American aid in
the form of Israel Bond purchases, the entire face
of the country will be changed. A modern, dynamic
nation will develop in the ancient land of Israel.
At this New Year season, help speed Israel on the
pathway to full economic independence. Make your
New Year's wish for Israel more than words of
peeting — buy a State of Israel Bond today.
enters Per leech may be pieced at, anti Prospectuses obtained horn:
Antedoon *Monde! and Devolopisiorit Corp. for forool---
groot.wpy, New York 5: New York
further information, pmekertarty finmecial itekeevseatioa, b
e•ftfefitira
',to AM.
titration Strffirment 1441 with eh* Commiserion meet he
• ammo esepisto liseeppdvs
which mutt be furnished to each purchaser ant41, h 011101041, OPORP
the emillettitignotri.
STATE oF ISRAEL
$500,000,000 INDEPENDENCE
BOND ISSUE -
Ike issue is intended to promote the eco•
ttomic development of the State of Israel.
Etc proceeds are used for the purchase of
machinery, raw materials, equipment and
other items designed to increase the country's
productive facilities. The allocations from
the total issue and allocated expenditures
is the fiscal year 1951-52 arc (in millions
of dollars)
Industry and power
$205
$34.2
Agriculture ,
130
18.1
Transportation and
communication
Trade- and services
Housing loans
Reserve & flotation costs
40
10,4
454.9
50
0.0
10
3.4
$500
$84.0
The Government's economic develop.
ment program involves a total expenditure
of $1,500,000,000, of which 3500,000,000
is to be provided by Israel and other coun-
tries, and the balance is to be obtained in
the United States. The 3500,000,000 State of
Israel Bond Issue is the largest single source
of funds for this program.
The rapid, large scale immigration re•
quired an import surplus to meet the in-
1
.1.3.°N:DS
vestment needs of doe economy. For 1-949 vote Specie,
Defense Budget). Israel has
receipts on current account (octitoressed in never at any time defaulted on the principal
bradpounds,
then fixed at 32.80 to the or interest on any debt.
pound were tL 20,600,000 and payments,
Government budgets (exclusive of the
it. 94,100,000. For 1950 the respective fig. Special Defense Budget and receipts from
toes were IL 21,500,000 and 114,900,000, related internal loans)
bajn been as follows,
and, for 1951, II. 24,600,000 and 136• in millions of IL:: ---
800,000. Economic steps designed 10 combat
Expend.
inflation and ericourage productivity of
Receipts ispses
labor included the establishment in February, May 15,'48 - ts4ar.31,'49
, 28.9
27.5
1932 of additional rates of exchange of $1.40 Apr.1,'49 Mar.31,'50
i 92.9
93.8
and 31.00 to the pound to attra c t foreign Apr.1,'50 Mar.31;51
148.0
148.1
investment and to promote export, restric- Apr.1;51 • Dec.31;51
129.1
135.5
tion of hank credit and other measures.
American Financial and Development
As of December 31, 1951, funded debt
was H. 195.9 (exclusive of Treasury Bills, Corporation for Israel, 120 Broadway, New
York, New York, is the underwriter for the
omitted because of their relation to the psi.
issue. Commissions or discounts arc 6%. The
This Is not a prospectus or an offer to sell or a sofieitatien
of offers to buy these
Nogg
securities, The offering is mode only by the Prospectus.
2200 David Stott Bldg., Detroit
Same also bears .certain the tayoa ► 441
connection with the flotation.
In
two types of Bonds we offered of par
as follows:
(a) Interest Bearing Bonds Denominated os
Fifteen Year 31/2% Dollar Coupon Bonds.
Interest payable May I and Nov. 1
Denominations: $500 • $1,000 • $3000
/5,000 • $10,000 • $100,000
iht) Capital Appreaiation Bonds Denominated
os Twelve Year Dollar Savings Bonds,
Maturity Value : 150% of issue amount
Denominations: $50 • $100.• $250 • $500
$1,000 • $2,500 • 115,000 • $10,000