Friday, April 12, 1968-23

THE DETROIT JEWISH NEWS

Vast Investment Projects for Israel Jewish-Born
Initiated at Economic Conference

JERUSALEM (JTA)—The world
economic conference called by
Prime Minister Eshkol ended April
4 after adopting a long series of
resolutions and initiating new proj-
ects and enterprises designed to
further Israel's economic growth.
The outcome of the four-day
parley, which brought together
some 500 leading Jewish business-
men from abroad and several
hundred of their Israeli counter-
parts, appeared to be a new era
of partnership and mutual coopera-
tion, based not only on substantial
capital investments but on infu-
sions of know-how and programs
for training Israelis in managerial
and production skills.
The principal resolutions called
for the establishment of the con-
ference as a permanent and con-
tinuing body and for the creation
of a giant investment company,
capitalized at more than $100,000,-

Statute of Limitations
Must End—Sen. Scott

WASHLNGTON (JTA) — Sen.
Hugh Scott, Pennsylvania Repub-
lican, asked President Johnson to
urge West Germany to eliminate
or extend indefinitely the statute
of limitations on Nazi war crimi-
Teals "so that all who committed
genocide and other crimes against
humanity can be brought to
justice."
In a letter to the President, Sen.
Scott pointed out that many lead-
ing Nazi criminals were still at
large. He said the search continues
for such persons as Martin Bor-
mann, Hitler's Deputy Fuhrer; Dr.
Joseph Mengele, who experimented
on Jews in Auschwitz; Heinrich
Mueller, Gestapo chief who planned
the systematic annihilation of Jews
at the Wannsee Conference of 1942,
and others.
Sen. Scott said that less than
10 per cent of known Nazi crimi-
nals have been brought to trial
and many suspects are at large
in South America, South Africa,
Egypt and elsewhere. Unle s s
Bonn's statute of limitations is
lifted, no new investigations can
be initiated after Dec. 31, 1969,
said the senator. Even the most
notorious Nazis would be free from
prosecution if discovered after that
date.

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000, to provide long term financing
for Israeli enterprises.
Sir Sigmund Warburg, of Britain,
one of the backers of the company,
said that it would invest mainly
in new enterprises and develop-
ment industries. It would not com-
pete with local finance companies
but mainly work through them, he
them, he said.
The conference, which had
gone through four days of in-
tensive discussion, considerable
hard bargaining and controversy,
closed on a sudden note of high
emotion. It occured spontane-
ously when the regional chair-
man for South Africa, taking
leave of Prime Minister Eshkol,
burst into tears. As if by signal,
hundreds of white handkerchiefs
appeared in the chamber as del-
egates began wiping their eyes.
Hard-headed businessmen em-
b r a c e d each other as tears
flowed. Prime Minister Eshkol
and Finance Minister Sapir were
apparently too chocked with
emotion to speak.
Up to that point, however, the
conference was conducted on a
brisk, practical level and had a
long list of achievements to show
for it. It decided to set up an in-
surance company to safeguard in-
vestments in new enterprises and
to do research into their profitabil-
ity; it agreed to increase the
Capital of a re-insurance company
owned by 32 Israeli firms from
$700,000 to $5,000,000. The confer-
ence committee on textiles and
leather financed some 20 invest-
ment projects and marketing
agreements. These included a
million dollar investment in a
ladies handbag factory in Israel of
which 77 per cent was already sub-
scribed.
The conference resolutions are
grouped in four sections. A pre-
amble to the first section contains
the personal pledge of each dele-
gate to continue to help and sup-
port Israel in the economic field
and in all areas leading to pro-
gress, stability and peace for
Israel and the Middle East. The
section contains the government
recommendations including provi-
sion for incentives to investment,
price stability, improvements in
productivity and reduction in unit
costs. There is a pledge of the
progressive reduction of high pro-
tective customs and tariff duties
on imports.
The third section outlines 10
points on which the delegates
committed themselves. These in-
clude development of home mar-
kets for Israeli products. The
final chapter lists recommenda-
tions and conclusions and pro-
poses that the Prime Minister
should, from time to time, con-
vene successive economic con-
ferences for review and evalu-
ation of the developing situation.
It proposed that the conference
presidium should meet at least
once a year to review the activ-
ities of the regional -committees

.

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which will function continuously
in their areas. The staff of the
Israel Investment Authority will
coordinate all these activities.
Two conference decisions which
attracted much comment were for
establishment of an insurance
company to safeguard investment
in new enterprises and to do re-
sea r ch into the profitability of pro-
posed investments, and for the
recapitalization of an Israeli re-
insurance firm.
Simon Mirelman, chairman of
the South American committee,
said he would personally follow
up the conference decisions by
visititto each Latin American coun-
try. Alan Bronfman, Canadian
chairman, said. a national com-
mittee would be established in
Canada with a professional di-
rector. Victor M. Carter, of Los
Angeles, chairman of the Amer-
ican mission, praised Prime Min-
ister EshkoPs initiative in calling
the conference. Francois Pereire
of France, said the deals concluded
by the European delegates during
the conference would provide work
for 2,500 people. David Sussman
of South Africa termed the confer-
ence the - "Four-Days War."
The organizing committee for
the investment firm will be headed
by Carter and Dr. As Lorre Meyer
of Italy. Subscribers to the capital
shares of the new firm have al-
ready been registered from five
continents. They each pledged
$100,000. One-fifth of the capital
will be provided by Israelis, in-
cluding the government, but Sir
Sigmund Warburg stressed that
the government will not control the
firm nor even have a decisive in-
fluence.
In his concluding remarks, Esh-
kol said the United Jewish Ap-
peal, the Israel Bond Organiza-
tion and the Council of Jewish
Federations and Welfare Funds
"make up a glorious chapter in
the history of Jewish solidarity."
Eshkol said April 4 that his talks
with President Johnson convinced
him that the President was pre-
pared to place his influence on the
side of peace and "his dramatic
initiative this week, too, will
strengthen the cause of peace and
freedom all over the world."
Foreign Minister Abba S. Eban
told the conference that "all man-
kind breathes more freely today
because the prospect of negotia-
tions has been opened in the Viet-
nam conflict." He told the dele-
gates that the policy of standing
firm while seeking negotiations
promised to yield a harvest of
peace in the Middle East. too. But,
he warned, the turning point could
be conceived only when the nego-
tiating table is approahed.

Envoy Nixed by Saudis

LONDON — A career diplomat considered a notable Arabist and
who has devoted most of his serv- served a three-year period in the
ice to-Moslem countries has been embassy at Jidda.
The withdrawal of approval of
rejected as British ambassador by
the Saudi Arabian government be- a British ambassador is believed
cause he has a Jewish background. without precedent.
Horace Phillips, no longer a
precticing Jew though born of Jew-
ish parents, was at first approved N.Y. publisher wants books on all sub-
fiction, nonfiction. No fee for
by the Saudi Arabian government. jects,
opinion. FREE: Brochures
After learning of his background, professional
that show how your book can be pub-
however, the Saudis have with- lished, publicized, sold; tips and article
on writing, publishing, con-
drawn their approval. Fluent in reprints
tracts. Write Dept. 23-D.
Persian and Arabic, Phillips is EXPOSITION 386 PARK AVE. S., N.Y. 16

WRITERS

THE HERMELIN AGENCY

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Re-united Jerusalem
on the

Brandeis to Celebrate
Scholarship's 10th Year

WALTHAM, Mass.—Foreign and
American dignitaries will .meet
with students from around the
world April 26-27 at Brandeis Uni-
versity to observe the 10th anni-
versary of the university's Wien
International Scholarship and Fel-
lowship Program.
Highlighting the two-day affair
will be a banquet and the dedica-
tion of the Adlai E. Stevenson
Chair in International Politics and
the Christian A. Herter Chair in
International Relations.
The founder of the Wien Pro-
gram, Brandeis trustees' board
chairman Lawrence' A. Wien of
New York, and his wife, will be
honored.

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!SRAM 20th ANNIVERSARY

A

Happy and Joyous
Passover
To the Entire
Community

BALTIMORE (JTA) — Con-
struction has been started on a 10-
story, 231-unit residence for the
elderly sponsored by the Associ-
ated Jewish Charities of Baltimore.
Ground for the new facility, the
Concord, to be located adjacent to
the Levindale Hebrew Home and
Infirmary and close to Sinai Hos-
pital, was broken in recent cere-
monies.
A soft answer turns away anger.
LeRoy E. Hoffberger is Concord —Proverbs
15
president.
The Concord is funded by a
long-term, low interest loan from
For the Finest in
the Department of Housing and
Urban Development. It will be
Home Remodeling
self-supporting. Target date for
completion is the summer of 1969.
Residential and Commercial
The need for the facility was un-
covered by the Associated Jewish
Charities in a study conducted six
years ago.
.
..*

358-2488

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