$785,670,000 Draft Budget Presented
Knesset; Pro sides for Mass Immigration
JERUSALEM—A draft budget Labor Ministry; 44,400,000
budget assumed immigration of
totaling 2,357,000,000 pounds pounds for the police; 36,000,-
several tens of thousands new-
($785,670,000) for 1962-63 was
000 pounds for the Foreign comers, and provided accordingly
preiented to the- Knesset Tues- Ministry; 13,300,000 for the
day by Finance 'Minister Levi Agriculture Ministry; 9,500,000 for immigrant housing. Eshkol
also envisaged a "considerable"
Eshkol.
for the Justice - Ministry; 6,-
increase in agricultural yields.
While the budget estimate for
400,000 for the Religious Af-
Industrial exports are ex-
the coming fiscal year is 363,- fairs Ministry; and 4,000,000
pected to grow more rapidly,
000,000 pounds ($121,000,000)
pounds for tourism.
Eshkol continued, while air
more than this year's, the bulk
The development budget, total-
and other transport services
of the increase is due to the de- ing 520,500,000 Israeli pounds are to be made more profit-
valuation of Israel's currency, ($173,500,000), included' the fol-
able by the new exchange
carried out two weeks ago.
lowing allocations, in the dollar rate. Imports of capital, he pre-
A surplus of 40,000,000 pounds equivalent: nearly $67,000,000
dicted, will continue to be
($13,000,000) to be set aside to for housing; over $27,000,000 for high, but he foresaw changes
meet anticipated price increases, agricultural projects; over $20,- in the sources of these funds.
makes this the first surplus bud- 000,000 f o r communications;
The Finance Minister expected
get in Israel's history.
$21,500,000 for industry and German reparations to decrease
In presenting the budget, workshops; $14,500,000 for postal while the amounts of personal
Eshkol pointed out that the services; $4,100,000 for tourism restitution and capital trans-
new Israeli dollar exchange and fairs; $6,000,000 for mines ferred by institutions will rise.
rate will cost the government and quarries; $3,333,333 for elec-
He also predicted more private
277,000,000 pounds ($92,300,-
tricity; and $4,333,333 for ports investments from abroad, as well
000) more to pay for the coun- and
as a rise in foreign currency
try's security needs, capital
Predicting the outlook for the balance. He expressed the hope
goods and services and to pay coming year, Eshkol forecast a that the rate of increase in
capital and interest on foreign nine per cent to 10 per cent rise prices, profits and wages will be
debts.
in the gross national output. The limited.
A feature of the new budget is
the absence of export premiums
which would have totaled 200,-
000,000 pounds next year the
new government economic pol-
icy had not provided for the ab-
Dr. Moshe Greenberg, profes- Dr. Yehezkel Kaufmann of the
olition of such payments, Eshkol
stressed. The only subsidies to sor of Biblical studies at the Hebrew University.
be maintained will be 35,000,000 University of Pennsylvania, will
Associate editor of the Jour-
pounds for vital,-edible products be the first speaker in the cur- nal of Biblical Literature, Dr.
to keep such prices down.
rent Midrasha Institute lecture Greenberg is the author of a
Direct taxes will account for series, at 8:15 p.m., Wednesday, brief translation of Kaufmann's
43 per cent of government in- at the Esther Berman branch of
"History of the Religion of Is-
come, compared with 36 per cent the United Hebrew Schools on rael." It was published by the
in the previous year's budget. Schaefer.
University of Chicago Press. He
Indirect taxes, mainly from cus-
His topic will be "Monothe- has contributed essays on crimi-
toms duties, will be proportion- ism and Paganism." It will be
nal law in the Bible to Inter-
ately less in the coming year. part of the overall series on the
preter's Dictionary of the. Bible.
Expenditures under the new
central theme "The Evolution
He was ordained Rabbi at the
budget are: 410,000,000 pounds of Jewish Ideas and Beliefs,"
Jewish Theological Seminary
for se cur it y; 162,000,000
based on the classic studies by and holds a Ph. D. degree from
pounds for education; 73,500,-
the University of Pennsylvania.
000 pounds for health needs;
Last year he held a Guggenheim
74,300,000 pounds for the
Fellowship and was guest pro-
IIIINNMMO MRME ■ 2
fessor of Bible at the Hebrew
L
University in Jerusalem.
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The Midrasha Institute lec-
ture series was made possible by
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a grant made by Mrs. Theodore
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Bargman in memory of her hus-
band.
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This week's feature:
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I DR. MOSHE GREENBERG
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I Mrs. Roosevelt Takes
I Part in Israel's
BARTONETTE ASSORTMENT
I Youth Aliyah Program
(Direct JTA Teletype Wire
Delicious Continental mini-
to The Jewish News)
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atures — 82 pieces to the
JERUSALEM—Mrs. Eleanore
pound. Luscious centers of I Roosevelt was welcomed Tues-
fruit cordials, toasted nuts,
day at the Beersheba Youth
I Aliyah
Center with a large
smooth cremes, French choc-
I bouquet of flowers bearing her
olate and many more.
I name.
The bouquet was presented
1 lb. $1.98 2 lbs. $3.96
I to her by two wards of the
institution, one from Turkey
I and
the other from Morocco.
I Mrs. Roosevelt last visited the
BAR
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center three years ago.
She also took part in the
I ceremony of naming the youth
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aliyah center of Ofakum after
Mrs. Vera Weizmann, widow of
Israel's first president.
Mrs. Roosevelt, who is a
world patron of youth aliyah,
and Mrs. Weizmann, who is
honorary chairman of World
Child's Day for Youth Aliyah
in 1962, signed a proclamation
Such
as:
"Certain People of the Book" ■
"Eva" — Books by Alexander King,
etc.
of the day. Copies will be sent
to youth aliyah supporters
throughout the world.
Man wants but little here
below,
Nor wants that little long.
Oliver Goldsmith
—
CT,
a.
Midrasha Institute Lecture March 7
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Dr. Moshe Greenberg to Give First
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