Stevenson Welcomed by Itzhak Ben-Zvi

100 Witnesses Take
Stand in Bank Trial

•

FRANKFURT, (JTA) — One
hundred witnesses have now
given evidence in the court case
against five defendants formerly
connected with the "Jewish
Restitution Bank"- h e r e, t h e
name of which Was later changed
to "Jewish Bank for Trade and
Industry." The charges are par-
ticipation in, or being accessories
to, violations of German foreign
currency law s and fraudulent
bankruptcy.
The trial, which began last
falls is drawing to an end. The
'prosecution and the defense are
expected to sum up. their cases
•In July. The verdict will prob-
ably not be handed down before
August.
The most important testimony
yet to be heard will be in the
form of a deposition before a
Swiss court by Baron Alex von
Goldschmidt-Rothschild, a col-
lateral descendant of the Roths-•
child banking family. , .
• Three years ago he had been
invited by Joseph Klibansky, the
financial institution's legal advi-
sor and now a co-defendant, to
-take over the managementof the
bank. Baron von Goldschmidt-
Rothschild was willing . and neg-
otiations about his proposed in-
vestment were far advanced
when the State of Hesse stepped
in and closed the Bank by execu-
tive fiat amid sensational pub-
licity about huge defalcations.
These allegations have been
Completely discredited in the
course of the trial.

Israel, Iran Sign Trade Agreements on Goods

TEL AVIV, (JTA)—Israel. and
.Iran have signed a barter agree-
ment under -which a variety of
goods, up to a value of $500,000
for each country, will be ex-
changed. A.. Hassoun, director
of the Israel National Bank,
signed the agreement in Tehe-
ran on behalf of Israel.
The first trade agreements
between Israel and East African
countries were reported by M.
Somen, Israeli Consul at Nai-

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ADLAI STEVENSON, U. S, Democratic standard- bearer, is
shown here being welcomed to Israel, during his recent visit there,
by ITZHAK BENrZVI, Israel's President.

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robi, Kenya. He stated that
Kenya, Uganda, Zanzibar and
Tanganyika will start buying
goods from Israel this year. He
is currently negotiating with
the Israeli Manufacturers Asso-
ciation of exports of goodS to
these countries.

11:

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_LEWIS L, STRAUSS, U. S.
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U. S. Zionists Oppose
Handing Arms to Arabs

7 Days $50

CHILDREN

NEW YORK, (JTA)—The

American Zionist Council is-
sued a statement warning that
the defense of the Near East
would be gravely prejudiced if
arms were made available to
the Arab states at this time, in
view of the continuing refusal
of the Arab states to make
peace with Israel, their block
ade and boycott and the recent
belligerent declaration of Arab
leaders opposing any kind of
settlement. • ,
The administrative commit-
tee of the Council, which repre-
sents the entire Zionist move-
ment in the United States,
sued its statement following a
meeting this mprning, in the
wake of published reports from
Washington that the U. S. Gov-
ernment planned to give arms
to some of the Arab states.
The Council urged that mili-
tary assistance to the region
should be limited to installa-
tions such as airports, commun-
ications and harbors. It sug-
gested the establishment of a
new link between the Mediter
ranean and' Red Seas over- the
southern. part of Israel to pro-
vide an alternative route to the
Suez Canal should- that channel
become . inoperative because of
military or political develop-
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The family of the late Dora
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friends and relatives for the
many kindneSses extended dur-
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12

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