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May 19, 1967 - Image 3

Resource type:
The Detroit Jewish News, 1967-05-19

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

Abe Kasle, Dora Ehrlich Co-Chairmen
of Louis Berry Testimonial Dinner; Haber
to Be Guest Speaker on Return From Israel

Community leaders Abe Kasle Science, Development Corporation igan. is expected to report on his
and Dora Ehrlich have been named of Israel and International Advis- impressions.
co-chairmen for the Louis Berry ory Council of World Jewish ! Dr. Haber has just concluded
Testimonial Dinner to be given by Congress. He is also a member of a tour of African countries in be-
Jewish National Fund June 6 at the boards of Sinai Hospita I. h'alf of ORT, which he served as
Cong. Shaarey Zedek, it was an- American Friends of Hebrew Uni- world president, and his address
nounced by din-
versity and United Synagogues of will contain comments on his find-
ner chairman
America and is a former board ings in the course of his tour of
Leonard Simons.
member of Jewish Welfare Fed- study.
Kasle himself
eration and United Service for
Leonard N. Simons heads the
New Americans.
was honored by
committee of arrangements for the
the JNF in June
Berry is the immediate past dinner in Berry's honor.
1963, when a tes-
president of Cong. Shaarey
timonial tribute
Zedek and has served as chair- ! THE DETROIT JEWISH NEWS
was given to him
man of the Allied Jewish Cam-
Friday, May 19, 1967-3
in the establish-


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ment of the Kasle
The Jewish National Fund, in
Kasle Family Forest in Israel.
The Joseph Ehrlich Forest in selecting Berry for the establish-
Israel was named in the 1940s merit of a forest in his honor, is
after Mrs. Ehr- paying tribute both to his leader-
ship and services to local and
lich's late hus-
world Jewry •
The Louis Berry Family Forest
Berry's role in
planted in Israel is part of
the growth of Is-
the large land reclamation work
rael is repr e-
being done by JNF as the instru-
seated by the in-
mentality of the Jewish people for
tegral part he
the acquisition and development
has played as a
land in Israel.
board member of
the Joint Distri-
Having just returned from Is-
rael at the time he will address
bution Commit-
Mrs. Ehrlich the Jewish National Fund dinner,
- t e e ,
ORT Federation. National Cam- Dr. William Haber. dean of the
paign Cabinet of the United Jewish college of literature. science and
Appeal. Weizmann Institute of the arts at the University of Mich-



Imestors Hear an Optimistic Report

on Israel Eeonoinv Despite Slowdown

NEW YORK (JTA1 Optimism
for Israel's economic future in
spite of the current slowdown was
expressed -by Joseph Meyerhof f.
chairman, and John Furman. presi-
dent, at PEC Israel Economic
Corp.'s annual stockholders' [fleet-
. ing, held here.

PEC. through the efforts of its
Israeli subsidiaries and affiliates
their exports and
to expand
through the new investments it
has authorized, is assisting Israel
to narrow the .country's trade gap.
One of these investments - 51.500.-
000 in the newly formed Bulk Car-
riers El - Yam Ltd. will help to
build four 76,000-ton cargo ships
whose operation will add to Is-
rael's foreign currency earnings
and will also provide off- and on-

shore employment opportunities.
Formation of a new company—
Israel Industrial Services, Inc.,
New York was also announced
at the meeting. IIS will initiate
and develop projects suitable for

U.S. corporations, with a view to

their establishing industrial plants
in Israel, and particularly those

having a scientific orientation. IIS

will also seek from U.S. corpora-
tions, research and development
contracts to be executed in Israel
by Israeli institutions and scien-
Elected for the first time to
l'EC's board of 60 directors were
seven Israelis,

Meanwhile., AMPAI.-American
Israel Corp. reported the balance
of loans and investments made
in Israel by AMPAL and its
affiliate Israel Development
Corp. stood at a record S53,000,•
000 Jan. 31, compared with 519,-
000,000 at fiscal year-end a year
AMPAL, which last year cele-

brated its 25th anniversary, paid
shareholders a cash dividend of
:10 cents a share, the report said.
The payment • represented the
seventh straight. year in which
preferred shareholders received 2
per - cent over and above the regu-
lar 4 per-cent dividend, and the
25th consecutive year in which the
company has made cash disburse-
ments to its investors.
AMPAL is one of seven com-

panies known jointly as t h e
ANIPAL Group, whose assets ex-
ceed S85 million,



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and Jeweler

UN 1-8184
18963 Livernois
Open Daily 9 a.m. to 5 p.m.

In Jerusalem, the Israeli gov-
ernment was expected to report
to parliament a 400,000,000
pound ($133,000,000) deficit in
the state budget for the past
fiscal year. Of the total, 100,-
000,000 pounds (S33,300,000)
represents losses incurred in op-
erating the national railway
system, the post office and other
government-owned enterprises,
Meanwhile, it was reported that

a special ministerial committee
will meet Sunday to examine Is-
rael's application for associate
membership in the European Com-
mon Market and to propose tactical
steps to achieve that goal. Israel's
present limited agreement with
Euromart will expire June 30.

The discovery of a new dish
does more for human happiness
than the discovery of a new star.


In ',Max- , 19-17 American Savings and Loan
Association of Detroit opened the doors of
its first office at 122-16 Dexter Boulevard.
Our staff, directed by the experience and
wisdom of Mr. Adolph Deutsch, totalled
six. Our assets—about 5 100,000.

Twenty years is not a very impressive age
compared to the length of time some finan-
cial institutions have been around. What
is exceptional, however, is the record of
growth American Savings has achieved over
these two short decadcs.

Since that first day . of business just twenty
years ago, American Sayings has gtowli to
be the largest state-chartered savings and
loan association in NI ichigan and is anion . 7,
-the largest 100 of more than 6uo0 in 'the'
, ,
s. Our customers, once resi.=,
.1. Tturett State
'dents of only the Dexter and Cortland!
neighborhood, now number more than
80,000 and are served by fourteen of otir
offices throughout metropolitan Detroit.
But self acclaim is not the purpose of this
message. AVe mean it: rather. as all expres-
sion of gratitude to each of vou, who by your
confidence and patronage have brought
about this day. Your belie{ in and adherence
to the principles which build family secur-
ity, while adding to the economic strength
of our community, just, as importantly, has
reaffirmed the soundness of free enterprise
and the American way of life.

We can all be very proud.

Alfred L. Deutsch

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