Israel's Role in Gold Crisis
Evaluated by Its Experts

JERUSALEM (JTA) — Israel's that the number of travellers re-
financial leaders were confident questing francs is small.
(The Christian Science Monitor
that the world gold crisis and the
measures taken in Washington to noted the "surprising stability" of
alleviate it will have no direct ef- the Israeli market in the gold crisis
fect on Israel's economy. Finance and reported that "Israelis have
Minister Pinhas Sapir and David not joined the Western European
Horowitz, governor of the Bank stampede into imperishable goods."
of Israel, said the action by the It declared that "the Israeli mar-
United States and six Western ket has been showing unwavering
European countries to establish a confidence in the United States
two price system for gold has re- dollar.")
duced the danger of a devalued
dollar and, consequently of a fur-
ther devalued Israel pound which
is pegged to the dollar: •
In an address at the Hebrew
University Sunday, Horowitz said
that the move in Washington re- 1
Jetted a trend toward the crea-
ion of a new medium for inter-
___tational payments which would be
divorced from gold. Sapir told a
ministerial committee on economic
ffairs that a world conference of
1 01 -L e newish business leaders called by
Prime Minister Eshkol would open
Please do your
here on schedule next month de-
spite the gold crisis.
shopping early.
Israelis leaving for Europe on
vacations or business trips are ask-
ing the banks for their foreign cur-
rency allowance in Swiss francs
WE DELIVER — UN 1-4770
instead of U.S. dollars. The prefer-
ence for other currency is a re-
sult of the rush on gold and its
possible affect on the U.S. dollar
in the European market, observers
noted here. They said, however,

French Industrialist Says
Majority Support Israel

JERUSALEM (JTA) — E iii i 1
Roche, president of the French
Parliamentary Economic and Social
Committee, said here Monday night
that a majority of the French
people support Israel.
Roche arrived here at the head
of a 16-man French delegation
which will discuss various indus-
trial projects in Israel. The mem-
bers are all industrialists and agri-
cultural experts. They were re-
ceived by President Shazar.

KAPLAN BROS.

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Yemenites Celebrate

20th Year in Israel
PETA,H TIKVA (ZINS)—A large
countrywide gathering celebrated
the 20th anniversary of the evacu-
ation of Yemenite Jews who were
brought to Israel "on the wings
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the aliya department reminded the
assembled celebrants that ". . .
about 50,000 emigres from Yemen
have been absorbed in Israel, and
they have built 50 rural settle-
ments. . . . Yemenite Jews are
industrious, modest and always
Satisfied with their lot. . . . All
segments of Israel's society ad-
mire and love the Yemenite Jews
for their industriousness, honesty
and sincerity.

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