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April 10, 1959 - Image 8

Resource type:
Text
Publication:
The Detroit Jewish News, 1959-04-10

Disclaimer: Computer generated plain text may have errors. Read more about this.

THE DETROIT JEWISH NEWS — Friday, April 10, 1959-8

State Department Asked to Explain Dropping Israel fr om Grants-in-Aid

WASHINGTON (JTA)—The
State Department has been
asked to appear before the
House Foreign Affairs Commit-
tee to show cause for eliminat-
ing Israel from the nations re-
ceiving assistance grants in the
new fiscal year.
The request was made by
Rep. James G. Fulton, (R., Pa.),
a Foreign Affairs Committee
member.
U. S. Sources revealed that
termination of grants in aid to
Israel arose from a political de-
cision of the State Department
more than by any economic
conclusions of the Interna-
tional Cooperation Administra-
tion.

Humphrey Asks Restoration
of Grants-in-Aid Cuts

CHICAGO, Ill. (JTA)—Chair-
man Hubert H. Humphrey of
the Senate Foreign Relations
Near-East subcommittee called
for reconsideration by the Ad-
ministration of the severance
of economic grant to Israel.
Sen. Humphrey, a Minnesota
Democrat, spoke before a Jew-
ish National Fund function.
"Israel has not received a
single penny of grant military
aid, thus it would be wrong
from every standpoint to end
our great economic aid to Is-
rael now," he said. He ex-
pressed hope that the United
States would continue grant
aid to Israel and that it actu-
ally should be increased. He
termed the whole aid program
inadequate.
Sen. Humphrey . said coun-
tries like Israel which he sin-
gled out as "crucial" to the
free world must get enlarged
American economic support be-
cause dollars there work for
freedom.

sums, though relatively small,
were an important part of the
structure of the whole aid pro-
gram, and had a sort of pump-
priming effect.
Israel has not yet discussed
the detailed structure of the
1960 fiscal program with the
United States, the Israeli
sources said. They said that,
while Israel will probably agree
that the bulk of the U. S. aid
program should again come
from the Development Loan
Fund, the Agricultural Commod-
ities program and Technical
Assistance, Israeli experts be-
lieve that, notwithstanding the
increase of Israeli exports, a
further program under the
grant-in-aid special assistance
item would be essential, so as to
preserve Israel's economic prog-
ress, which the United States is
doing so much to promote.
It is expected that the struc-
ture of the fiscal 1960 program
will be further discussed in mid-
April between Ambassador
Eban and the Department of
State, and that detailed propo-
sals under all three headings
will be submitted.

Renewed Aid
to UAR Planned



WASHINGTON, (JTA) — Re-
sumed United States aid to the
United Arab Republic was dis-
cussed in Cairo at a conference
between the American Ambassa-
dor there, Raymond A. Hare,
and UAR President Gamal Ab-
del Nasser, according to reports
received here. It was their first
meeting since the UAR leader
launched his campaign last
month, denouncing Communist
intervention in the Middle East.
The reports indicated that
American experts in Cairo ex-
pected soon to resume giving
the UAR aid from the 'United
World Bank Mission
States Point Four program.
Arrives in Israel
A mission of the World Bank They also said that American

Israel Reported Puzzled
By State Dept. Decision

JERUSALEM (JTA)—Israel's
Foreign Ministry and the Is-
rael Treasury Department sent
urgent cables to the Israel Em-
bassy in Washington, request-
ing detailed information on the
decision of the State Depart-
ment to eliminate Israel from
the list of countries to receive
grant-in-aid from the American
Government this year. The re-
port on the dropping of Israel
from the United States list for
special aid came as - a complete
surprise to the Israelis.
While United States grant-in-
aid assistance to Israel was
gradually reduced each year, no
one here anticipated a complete
• elimination for fiscal 1960. In
1953, U.S. grant - assistance to Is-
rael was $70,000,000. It dropped
to $7,500,000 in the fiscal year
1959.

Eban to Confer with U.S.
on Assistance for Israel

arrived in Jerusalem from
Washington to carry out .a sur-
vey of Israel's economy, in
connection with the expected
request by Israel of a loan from
the World Bank.
The mission, which will re-
main in Israel for two weeks,
came at the invitation of the
Governor of the Israeli National
Bank. After the survey is com-
pleted, the president of the
World Bank, Eugene Black, is
expected to come to Israel for
a brief visit.

WASHINGTON, (JTA) — Is-
rael Ambassador Abba Eban
will discuss with the State De-
partment the various forms of
aid which Israel hopes to re-
ceive from the United State
under the fiscal 1960 program.
Israel Embassy sources, com-
menting on the Administration's
announced proposal to ease Is-
rael out of the 1960 fiscal year
special assistance grant - in - aid
program, said that, of the •U.S.
Government aid received by Is-
rael in fiscal year 1958, and so
far in 1959, the major part came
from the Development Loan
Fund, the Surplus Commodity
sales program, and the Techni-
cal Assistance program.
The sources said it is noted
with gratification that these pro-
grams will continue in 1960.
None of these involve dollar re-
payments, and the Israel pounds
available under the Develop-
ment Loan Fund and Surplus
Commodity program are in a
large measure made available
for Israel development projects.
In the past two years, only
$15,000,000 came from special
assistance programs, the Em-
bassy sources pointed out. They
added that, nevertheless, these


Sapir's Peru Visit Ends

LIMA, Peru, (JTA) — Pin-
wheat shipments are now under has Sapir, Israel's Minister of
way to the UAR, and that the Commerce and Industry, left
Washington Administration was for Bolivia after a series of
considering a Cairo request for talks with officials of Peru on
a projected trade agreement be-
200,000 tons more of wheat.
tween the two countries.

Knesset Adopts Budget
of 1,470,000,000 Pounds

JERUSALEM, (JTA) — The
Israel Parliament adopted a
budget for the fiscal year total-
ling 1,470,000,000 Israel pounds.
(An Israeli pound is 55.6 Ameri-
can cents.)
Mordecai Namir, Minister of
Labor, reported that the rate
of joblessness during 1958 was
the lowest in Israel's history.
He said that while the popu-
lation of Israel increased dur-
ing the past three years by
250,000, the number of unem-
ployed dropped from 39,000 to
35,800.

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On April 1, 1959, we opened a new savings department for Medallion
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credited to the account quarterly on the highest balance that remains con-
tinuously on deposit for the three months of the quarterly interest period.
Deposits made between interest periods on all new accounts will receive
3% interest for all full months at the next interest crediting period. It will
require $500 to open one of these accounts and a minimum balance of at
least $500 maintained. Thirty days' notice of withdrawal of deposits will
be required. A savings passbook will be issued for each account.

Our new Medallion Savings Accounts are an ADDITIONAL SERVICE FOR
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