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January 17, 1964 - Image 34

Resource type:
Text
Publication:
The Detroit Jewish News, 1964-01-17

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

Friday, January 17, 1964—THE DETROIT JEWISH NEWS-34

Bond Leaders Adopt X05,000,000
Goal for '64; Float New Issue

NEW YORK, (JTA) — A
decision to seek $400,000,000
for Israel's economic develop-
ment through the sale of Israel
bonds during the next five
years was adopted here at the
closing session of the two-day
national planning conference of
the board of governors of the
Israel Bond Organization held
at Waldorf Astoria Hotel.
Detroiters at the conference
were: Louis Levitan, local Bond
campaign manager; Torn Bor-
man, Detroit chairman, and
Mrs. Borman.
A quota of $0,000,000 for
1964 was voted at the confer-
ence by the more than 200
Jewish communal leaders from
various parts of the United
States and Canada.
This will be the first year
in the flotation of the new
Third Development Issue of
Israel Bonds that will end in
March 1969. In 1963, the pro-
ceeds from the sale of Israel
bonds amounted to a record
sum of $69,172,050 of which
$55,471,900 came from the
United States and the bal-
ance from C a n a d a, Latin
America and Europe, it was
announced at the confer-
ence by Dr. Joseph J.
Schwartz, vice-president of
the Israel Bond Organization.
Dr. Schwartz pointed out
that the proceeds obtained in
1963 were the largest ever
raised in the 13-year history of
the Israel Bond campaign, ex-
ceeding by more than 19 per
cent to total of $58,047,350
sold in 1962, which was the
biggest year up to that time.
He reported that since 1951
disbursements of Israel bond
funds amounted to $603,300,-
000.
Analyzing the results of the
1963 campaign, Dr. Schwartz
declared that the beginning of
the redemption in May of last
year of the first Israel Bonds
sold in 1951 was "an important

UNITED BRANDS • DETROIT U. S A • 12 PRO . OF

e 1 e in e n t" in stimulating in-
creased sales. He reported that
from May 1 through Dec. 31,
1963, the Israel Treasury paid
out $13,459,125 on Israel Inde-
pendence Issue Savings Bonds
which matured during that
Period. Repayment has been
made on the basis of 150 cents
on the dollar.
T h e conference decided
that the new $400,000,000
Bond Issue would be official.
ly launched at an internation-
al inaugural conference in
Miami during the weekend
of Feb. 21. It was announced
that the guest of honor on
that occasion will be Baron
Edmond de Rothschild of
Paris, president of the Israel
Bond drive in Europe.
The Third Development
Issue of Israel Bonds will con-
sist of two types of bonds: Fif-
teen-Year Coupon Bonds pay-
ing 4 per cent interest per
year, in denominations from
$500 to $100,000, and Savings
Bonds in denominations from
$100 to $10,000, maturing 12
years after purchase at 160 per
cent of the issue amount. For
example, a $100 savings bond
will mature at $160, and a
$1,000 savings bond will have
a value of $1,600 at maturity.
Abraham Feinberg, president
of the Israel Bond Organiza-
tion ,told the conference to-
day that "the extraordinary
success of our program was
due to two principal factors:
American confidence in the
ability of the people of Israel
to "build a dynamic democracy,
and their impressive achieve-
ment, with the aid of Israel
Bond funds, in planting the
seeds of prosperity in an un-
developed land."
Samuel Rothberg, national
campaign chairman, describing
the purpose of the new Israel
bond issue, said: "It is geared
toward the ultimate achieve-
ment of a self-supporting eco-
nomy."

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Danny Raskin's Israel's Habimah Theater Rejects
Proposal to Stage Controversial
LISTENING Play During U•S. Tour Next Month

TEL AVIV, (JTA) — Habi-
mah, the Israel national theater
group scheduled to start a
three-month tour of the United
States next month, rejected a
proposal by the Little Theater
of New York, sponsor of the
visit, that it stage the contro-
versial drama, "The Deputy,"
during the American tour.
The play, by Rolf Hochhut,
criticizes Pope Pius XII as hav-

ing been silent about the Nazi
extermination of E u r o p e a n
Jews during the Second World
War.
The American sponsors pro-
posed the inclusion of the
Hochhut play in the Habimah
repertory after Pope Paul VI
criticized the play during his
visit to Israel last week.
Bat Ami, a Habimah actress
and a member of the theater's
executive committee, said that
Habimah had obtained the Is-
raeli rights for the play but
that it was questionable wheth-
er the play would be produced
even in Israel.
She said that since Habimah
was the Israel national theater,
it must take many aspects, in-
cluding the political, into con-
sideration.

WHILE AT THE Furniture
Shaw in Chicago recently, with Extradition Agreement
hubby Jerry, and Esther Bolton,
Freda Weisman's button came With Sweden Ratified
off her suit ...Esther searched
by Israel Government
for a needle and thread she had
JERUSALEM (JTA) — Israel
in the car, as Freda held the
button firmly in her mouth ratified an extradition agree-
while removing her jacket , „ ment with Sweden which was
Esther finally found the thread signed in Stockholm in Septem-
and was hunting for the needle ber.
when Freda hollered, "Never
While the agreement follows
mind. I've just swallowed the the pattern of similar pacts be-
button."
tween Israel and other West
* * *
Magnificent
European countries, a new fea-
THE BRITISH GENIUS for ture of the Swedish accord is a
abbreviation is illustrated by the stipulation that "a person is not
title of their popular TV show to be extradited if the requested
7113 PURITAN
"That Was The Week That Was," side has reason to believe he
2 Blocks West of Livernois
862-2882 For Res.
shortened to "TWTWTW," and would be brought to trial be-
then cut to the irreductible cause of his race, creed or poli-
Ample Parking
"TW3." ... Now comes Detroit's tical conviction."
Criterion Club, organization for
single adults, to enter its own
Our Latest "NEW"
bid in the local alliteration
sweepstakes ... Announcing the
at the
group's premiere "open-house"
carnival-dance to be staged to-
morrow nite at Knights of
Pythias Castle Hall, 15787
Wyoming, with a contingent of
Bnai Brith youth in charge of
booths, the organization's month-
Breakfast — Lunch — Dinner
ly "Pace-Setter" carries the
and
streamer tag-line, "Criterion
Cocktails, too!
Club Carnival, cutting capers,
Service also continues in
combines 'candid camera
comedy, corn country carou-
sel considerable confectionery,
Lunch — Dinner — Late Supper
colorful calorific contests, corn-
Cocktails — Entertainment
ing 18th." ... How's "C 18" for
a quick handle?"
MORRIE WIDENBAUM, Michi-
TRinity 5-9500
Woodward at Kirby East
gan state chess champion, has
achieved his ambition of a place
where folks can get free chess
advice and sets with which to
play while taking the words of
the wise ... Morrie's Chess Mate
Gallery, 17126 Livernois, has a
capacity of 200, with paintings
for sale by local artists and all
the coffee you can drink ...
Chess Mate Gallery is hard to
miss ... especially since so many
times there are people sitting
in the window playing chess ...
Arrangements have been made
for world's champions to meet
each other in exhibition ... The
first, Feb. 23, will have Bobby
Fischer pitted against Sammy
Reshefsky.
RESERVATIONS ARE coming
in fast and furious ... and time
is growing short for the in-
stallation dinner- dance of
Knights of Pythias, Detroit
Lodge 55 and Pythian Sisters,
Temple 152, Jan. 26, at Imperial
Fine American and Italian Food
Terrace ... It's open to the pub-
Open daily 11:30 a.m.-1 a.m.
CLOSED SUNDAYS
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with Sammy Woolf's orchestra
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for
* *
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LOOKING BACK ON COL-
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BA CHOICE LIQUORS
OCT. 31, 1952 ...Harry Brad-
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met a lady at a local concert
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FRI. 11-1 A.M.; SAT. 11-3 A.M.

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