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December 25, 1959 - Image 12

Resource type:
Text
Publication:
The Detroit Jewish News, 1959-12-25

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

THE DETROIT JEWISH NEW S—Friday, December 25, 1959— 1 2

World Bank Grants Canal Loan to UAR;
Sign Multi-Million Dollar Aviation Pact

WASHINGTON — The World
Bank on Tuesday officially an-
nounced that signatures have
been affixed to an agreement
under which the United Arab
Republic will be loaned $56,-
500,000 to improve the Suez
Canal.
The bank approved the loan
despite anti - Israel blockade
actions in the Canal.
The agreement was signed by
UAR. Ambassador M o s t a f a
Kamal Mahmoud Yunes, chair-
man of the board of the Suez
Canal Authority, and Eugene R.
Black. president of the World
Bank. The UAR will have 15
years in which to make repay-1
ment.
The World Bank made the
loan in participation with nine
private institutional investors.
Egyptian authorities said that
the loan was obtained with "no
strings attached" referring to
the anti-Israel blockade. They
said that the blockade would
continue in force.
Meanwhile, the U.S. Govern-
ment announced a new agree-
ment with the UAR of great
potential importance to the
UAR. Air Force's jet bomber
squadrons.
The U.S. Federal Aviation
Agency announced it will assist
the UAR in a multi - million
dollar project to modernize and
expand Cairo's airport facilities
for the jet age.
In the initial phase, a team
of FAA experts will cooperate
with the UAR by going to Egypt
to plan and design facilities to
handle the largest jet planes
and facilitate take off and land-
ing problems. Facilities - will be
vastly expanded. Equipment will
be purchased and installed.
The UAR is to be provided
the most extensive and modern
airport facilities in the Near
East, an official said.
The FAA said that U A R
citizens will be given on-the-job
training in airport construction,
maintenance a n d operation.
UAR technicians will be
brought to the U.S. for special
training at the FAA aeronauti-
cal Center in Oklahoma City,
Okla.
Prior to the signing of the
World Bank loan to the UAR,
several last-ditch attempts were
made to negate, or at least de-
lay, the loan.
At Monday's meeting of the
Bank's board of governors, the
executive director representing
Israel, Dr. P. Lieftinck, of the
Netherlands, asked on behalf
of Israel that consideration of
the loan be postponed because
of latest developments in the
Canal.
(A Greek freighter carrying
Israel cement has been detained
at Port Said since last Friday).
No support for Dr. Lieftinck's
notion, however, developed, and
the Dutch representative then
explained Israel's position on
the loan itself.
Representatives of the U.S.,
France, China, the Netherlands
and several Latin American

Mexico Honors Cardiologist

MEXICO CITY, (JTA) — Dr.
Teodoro Cesarman, a Jewish
heart specialist here, was
awarded the annual prize of the
Mexican Medical Academy for
his research and techniques de-
veloped in the treatment of
heart disease.

SEXTON

(Shammus)

Wanted for Conservative Con-
gregation with 450 families.

For interview write to

J. P. Shaprow
1701 Lincoln Drive
Flint, Michigan

countries expressed support for
freedom of passage through the
Canal.
It was learned that the U.S.
representative, T. Graydon
Upton, while taking the position
that the Bank cannot concern
itself with political considera-
tions, added his expression of
regret at the complication of the
question as a result of the atti-
tude of the UAR to Israeli ship-
ping.
He added that the U.S. was
not insensitive to the recent
deterioration of the position.
A number of members of both
houses of the U.S. Congress
issued appeals against the

Israel to Maintain Budget Level at $852,500,000

JERUSALEM, (JTA) — Is- pounds ($852,400,000), the same
rael's next budget, for the fiscal as this year, according to ad-
year beginning April 1, is ex- vance reports confirmed by the
pected to total 1,550,000,000 Treasury Department.

1World Bank loan for $56,500,000
for UAR improvement of the
Suez Canal.
I The rising number of protests
were addressed mostly to World
!Bank president, Eugene R.
Black, and to Secretary of State
Christian Herter.
Last-minute efforts were made
by Sens. Kennett B. Keating
and Jacob K. Javits, and Reps.
Seymour Halpern, Victor L.
Anfuso, Leonard Farbstein, all
of New York.
National commander Bernard
Abrams of the Jewish War
Veterans also sent a last-minute
telegram to President Eisen-
hower.

J3es . t Wiskes for a

oyaus d{anuhaA Koliday

Jo Our Many friends in

t o Community

HERMAN J. AGINS
EUGENE N. AGINS

Feinberg's Gift of Scouting Books
Memorializes Late Fred M. Burzel

AND THEIR FAMILIES

Wappy

Wanuhah

We rejoice in the lessons of the Feast of

Lights and in the inspirations that come

to us from the courage we have inherited

from the Hanukah festival. May these

As a tribute to the late Fred M. Butzel, prominent attorney,
civic leader and a charter member of the Detroit Area Council
when organized in 1910, copies of the new "Golden Book of
Scouting" are being planned in various public libraries of the
metropolitan Detroit area. An initial gift of 200 books was
made possible through the interest of oil company executive
Charles E. Feinberg (right), nationally known for his library
contributions to colleges and universities. First editions of the
new book, depicting the 50-year history of Scouting in America,
and beautifully illustrated in color, were presented by the
former State Supreme Court Justice Henry M. Butzel (left) to
Detroit's Library Director Ralph A. Ulveling (second from left)
and Walter H. Kaiser, Wayne County librarian.

ideals continue to influence democratic

thinking everywhere.

Mr. and Mrs.

Ammimiimm..1=1.1.11•111111M111&

In Jewish homes throughout the world, during this happy
week of Hanukah, the Dreidel is a symbol of our rejoicing
over the great Maccabaean victory which saved the Jewish
people 2,100 years ago. The Dreidel is an instrument for a
game, but its theme is Nes Gadal Haya Sham — a Great
Miracle Was Performed There. It was a miracle that saved
the idea of Monotheism and destroyed the threat of paganism.
This Dreidel is the signalizer of renewed faith in the survival
of humanitarianism in our day. Therefore the festival of
Hanukah, symbolized by a toy that has become part of our
observance of the great festival, assumes growing significance
in our time. We rejoice in the miracle of old as part of the
triumph of Jewish survival throughout the ages, and in its
spirit we extend best wishes for

a Wappy

Wanuhah, to all

Hordes Agency

INSURANCE

1 761 6 Wyoming, Detroit 21

UNiversity 3-2900

William Hordes — Earl Hordes — Edward Wishnetsky

Abe Xa

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