-Urgent :Call issued .fOr.lsi*el.Natiofial Action Day
`Best Answer to Anti-Semites Is Our
Aid to Bond Drive' Stollm:an's Plea
Phillip Stollman, chairman Of commitments made during High
the Detroit Israel Bond Cam- Holy Day appeals conducted in
paign, this week issued an urgent 23 synagogues in 'Detroit.
call . for volunteers for National
Action Day, to be observed Sun- 20-Year Master Plan for
day, Dec. 11. •
Hai-fa Port Told by Hushi
In a stirring address to a large
Stating that the aims of the
Detroit Bond Committee are to audience, Thursday : evening at
reach 10,000 potential Israel the Beth Aaron Synagogue,
Bond buyers on that day, Mr. Mayor Abbaoliushi of Haifa de-
Stollman urgently pleaded for
scribed the 20-year; master plan
1,000 volunteer workers to ac- for the development of the port
complish the outlined task.
of Haifa into one of the most
Pointing to the infiltration of modern industrial and residen-
anti-Semitic propaganda in the tial centers in the world.
This, he said, would be at-
campaign against Israel, and to
the shocking attacks not only on tained . with the aid of Israel
Israel - but on all American Jews; Bond dollars. He Sal?. that
Mr. ,Stollman stated in his call American Jewry's 'Israel Bond
for volunteers that the best an- aid is playing an indispensable-
swer to anti-Israelis and to anti- role in helping Israel meet the
Semites is to make a complete serious crisis that is now threat-
ening the young nation,
success of the bond drive.
"We in Israel have determined
Norman Allan has been
named Grand Marshal for Na-
tional Action Day and Mrs.
Morris Adler has been appoint-
ed Marshal of the Women's Di-
- vision.
The trains will have pneumatic
tires and, instead of utilizing
rails, they will run on an asphalt
roadbed. The subway; which will
be noiseless, will cut travel time
from the port to the residential
section from 311 minutes to five
minutes. It will take two-and-
one-half years to build.
The subway will be electric-
ally operated. It will have four
stations, with escalators to carry
the passengers to the platforms.
Juvenile delinquency has been
reduced by one-third in Haifa,
Mayor Hushi reported, because
the youth are kept busy.
There are 1,500 'youngsters
trained to assist traffic police-
men in supervising going and
coming - of smaller children to
school. They also help • out in
handling the adult pedestrian
traffic during the rush hours.
The children form their own
committees, elect their own city
officers, engage in self-govern-
ment under guidance of -counsel-
ors; they play on many play-
grounds, 68 of which have been
built in the past two years alone;
and every other' • Saturday, a
large group is given a party by
the Mayor in a large hall of
Haifa.
Morris Schaver a n d Harry
Schuiner were co-chairmen
the Abba Hushi affair, which was
co-sponsored by the Zionist Coun-
cil, Landsmanshaften and the
Labor Zionists.
JACOBSON
Coal & Oil Co.
Serving Detroit Homes
and Buildings Over 40 Years
Call WA. 1 - 3617
These securities, though registered, have not been approved or disapproved by the Securities and Exchange Commission,
which does not piss on the merits of any registered securities.
At special headquarters for
National Action day, at the Uni:
versity of Detroit Auditorium,
scores of special phones will be
set up to accommodate telephone
solicitations on that day.
Give
Israel
the
Green Light...
• Emphasizing the • vital need
for investment capital to main-
tain Israel's freedom and to
open wide its doors to all Jews
who need a haven, Mr. - Allan
urged the Jews of Detroit to
extend their wholehearted sup-
port to the one-day Israel Bond
campaign, which will enable
_Israel to receive essential funds
for its economic upbuilding.
- "By: observing National Action
Day :kr Israel," Mrs. Adler said,
"the people of Detroit will have
an opportunity to join the 750,000
persons. throughout the world,,
who have 'purchased Israel
Solids, to become • partners .cat
Israel. This partnership; which
has resulted in. some $200,000,000
in Israel Bond investment dol-
lars, has brought about marked
economic progress, including the
construction and expansion of in-.
dustries, the growth and mech-
anization of farms, the exploita-
tion of natural-resources, the in-
troduction. on a large scale of
irrigation projects and the im-
provement of transport and com-
munication facilities."
* * *
-
that the present crisis shall not
alter our march toward eco-
nomic independence," Mr. Hushi
stressed. "It is our conviction
that economic progress is one of
the best lines of defense and
that economic stability is a basic
necessity for our hopes of peace
in this area of the world."
He pointed out that almost
'$17,000,000 in 'Israel Bond in-
vestment funds have - 'already
been invested in Haifa's 'indus-
tries, port expansion, housing
projects and similar develop-
ments. - .
One of the key points in the
master_ plan described by Major
Hushi is the construction of a
funicular subway that will run
from the Port of Haifa to the
residential section on the slopes
of historic Mt. Cannel. While
enroute to the United States,
Mayor Hushi reported, he made
arrangements in Paris for the
utilizatioff of a newly-invented
subway train just developed in
the French capital.
-
by selling Israel Bonds
on Sunday, December 11th, 1955
VOLUNTEER TODAY FOR NATIONAL ACTION DAY FOR ISRAEL
Mr. Allan announced the ap-
pointment of the following as
additional members of the Israel
Bond Council: Mrs. Philip Helf-
man, Jack Leeds, Mrs. Charles
Milan, Mrs. Albert Potiker, Irv-
ing Schlussel, Jack Kraiztnan,
Mrs. Alex Schreier, Mrs. Philip
Cutler and Elias Goldberg.
Many local organizations al-
ready have pledged their support
to the Natipnal Action Day, Mr.
Allan reports.
In hundreds of Jewish communities, thousands of
volunteers will devote Sunday, December 11th to
a concerted sale of Israel Bonds.
ity so as to- take care of the additional immi-
gration so desperately needed for North
African Jewry
By joining as a volunteer in yotir community, you
will have ,a key role in the creative results for Israel's
growth on National Action Day for Israel.
• to go ahead with building greater stability and
security now, when it is most vital
As a volunteer for Israel Bonds on National Action
Day for Israel, you will be giving Israel the green
light
• to go ahead with the economic measures neces-
, sary to strengthen it to meet the Arab boycott
and blockade
• to go ahead with the search for new natural
resources
Your sales of Israel Bonds on Sunday, December
11th will be the most decisive answer to Israel's
problems.
to go ahead with further development toward
economic independence
Volunteer today for National Action Day for Israel.
• to utilize in full measure -its productive capac-
Please fill out and mail the volunteer enrollment
- coupon below without delay.
Mizraphi Bond 'Women to Meet
4 victory luncheon of the Fan-
nie :Gluck Chapter of Mizrachi
willbe held- at the home of Mrs. •
Abraham Nusbaum .on: Outer
Drive, : at 1 p.m. Monday. MiS.
Joseph Katchke, chaii•'Juan of The
Women's- Division for State of
Israel Bonds 'will- be - guest
speaker and - Will report on her
▪ recent trip to Israel: ,Thiring the
afternoon, workers_ will be en-_
listed for National :Action
•
Further information, particularly financial information, is contained in the Registration' Statement filed with the commis-
.sion and in a more complete Prospectus which must be furnished to each purchaser and is obtained from the undersigned.
Orders for Bonds may be placed at, and Prospectuses obtained from: Development Corporation for Israel,
ATE OF ISRAEL BONDS
2200 David Stott Bldg., Detroit 26 WO 2-5091
.
-
In honor of theieBat r
vah's two young DetrOifer• re
cently became Guardians - Of
* Israel. Terrance Allan, son of
• Mr. and Mrs. Norman Allan,
and Michael Joel ,Roth, son of
Mr. and Mrs. George Roth, used
their own money to each pur-
chase $1,000 Israel Bonds, thus-
. becoming the youngest 1955
Guardians of- Israel in Detroit.
•
In a surprise ceremony immed-
iately following religious sery
ices at Adas Shalom Synagogue
on Noy. 23, Mrs. J. Katchke pre-
sented 'a testimonial scroll to
Mrs. Albert Potiker in recogni-
tion of her services on behalf of
the Bond effort. Mrs. Potiker, as
chairMan - of the cash colleetio'ns
committee, was -charged. -with the
responSibility of bringing
_ . in Bond :
•
6
—
DETROIT. JEWISH NEWS
.
Friday, Deceniber 2, 1955
STATE
ISRAEL . .
OF
$350,000,000 DEVELOPMENT
BOND ISSUE
.
-Ilia !stile is intended to promote the economic
"development
of the State of Israel. Its proceeds
,
-Are to be used for the purchase of machinery, raw
- -materials, equipment and other items designed to
!increase the . country's productive facilities. It .is
proposed to allocate the proceeds (in millions of
dollars) as follows:
. Agriculture
Industry and Power
Transportation -
Housing
4...$- 1223102 0 8
Reserve and Flotation Costs
50
$350 -
Other sources of income for Israel are inter-
governmental grants in aid, gift funds, private
investments and German reparations: . -
Receipts and payments on current -account
(in millions of dollars) were as follows: 1952,
receipts $67.0 (of which $23.0 were from the
United States), payments $358.0 (of which $149.8
were to the United States}; 1953, receipts $85.7
(of which $27.7 were from the United States),
yments $334.7 (of which- $130.0 were to the
U
nit States); 1954; - receipts $128.5 (of which
ed
$29.8 were from the United States)i payments
.
$357.4 of which $114.6 were to the United States).
As of December 31, 1954, funded debt was IL
278 million S (U.S.) 319 million,-Belgian francs
45 million, pounds sterling 9 million, and . minor
amounts in other currencies. -
The- Government budgets have been as fol- -
loWs, in millions of IL:
•
.
,
.
Expen-
ditures
iteceipts
April 1, '51 - Mar. 31, '52
196.3
209.0
April 1, '52 - Mar. 31, '53
287.3
280.9
„April 1, '53 - Mar. 31, '54
402.2
384.1
April 1, 54 - Dec., 31, 34
. 441.1 -
372.8
Development Corporation for Israel, 215
Fourth Avenue, New York, New York is the
underwriter for the issue. Commissions or dis-
counts are 6%. The State also bears certain other
expenses in connection with the flotation.
Two types of Bonds are offered • at par as
follows:
(a) Interest Bearing 'Bonds Denominated as Fif-
teen Year 4% Dollar Coupon Bonds, Interest
payable July 1 and January 1.
Denominations: $500• $1,000; $2,500; $5,000;
$10,004 $25,000; $100,000
(b) Capital Appreciation Bonds Denominated as
Ten Yeat Dollar Savings Bonds, Maturity Value:
150% of issue amount.
Denominations: $100; $250; $500; $1,000; $2,500;
$5,000; $10,000
.
r Please 'fill In and mail this coupon to the State of Israel Bead
Grand Marshal
National Action Day for- Israel
State of Israel Bonds
2200 David StAgt Bldg., Detroit 26
I shall bd pleased to serve as. a volunteer
for Israel on National Action Day for Israel,
Sunday,' December 11th, 1955: Please add my
name to the honor roll of thoSe who will devote
that day to Service for Israel by furthering the
sale of State of Israel Bonds..
Nam
Address__
-
Telephone Number
City
State
This is not a prospectus or an offer to sell Or a solicitation of offers to buy these securities. The Offering is made Wyly the Prospectus.
.1