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March 08, 1974 - Image 12

Resource type:
Text
Publication:
The Detroit Jewish News, 1974-03-08

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





Initial Sale of $178 Million in Bonds Marks Biggest Campaign Opening

MIAMI BEACH (JTA) —
An initial sale of $178,133,000
in Israel Bonds announced
here last weekend marked
the official opening of the
"biggest campaign' for Is-
rael's support since it was
founded 26 years ago," Is-
rael Bond officials said.
More than 1,800 Jewish
leaders from the United
States and Canada joined in
launching a worldwide drive
to raise the unprecedented
sum of $1,000,000,000 through
the sale of a new issue of
Israel Reconstruction and
Development Bonds.
Sam Rothberg, general
chairman of the Israel Bond
Organization, who presided
at the inaugural dinner, said
that the campaign would help
Israel's economy recover
from the October war and
lay the economic foundations
for peace in the coming year.
He declared that the pro-
ceeds from the sale of Israel
Bonds would also provide for
the economic absorption of
60,000 new immigrants ex-
pected to reach Israel from
the Soviet Union and other
countries this year.
The $1,000,000,000 Recon-
struction and Development
Bond issue will be allocated
to various development areas,
as follows: agriculture—$60,-
000,000; aviation — $40.000,-
000; community facilities
(schools. hospitals and public
building) — $50,000,000; elec-
tric power — $50,000,000;
housing — $80,000.000; indus-
try and crafts — 8170,000,000;
irrigation — $100,000,000;
mining and minerals — $100,-
000,000; port development —
$10.000,000; road building and
maintenance — $100,000,000;
shipping — $30,000,000; tele-
communications — $110,000,-
000; and other items and
general reserve — $100,000,-
000.
Commenting on Secretary
of State Henry A. Kissinger's
success in obtaining a list of
65 Israel prisoners of war
from Syria, Premier Golda
Meir, in a cabled message to
the conference, expressed the
hope that this would be the
initial sten toward the re-
lease of the prisoners.
She expressed satisfaction
with the implementation of
the disengagement agree-
ment agreement with Egypt,

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adding that "as far as we
are concerned there is no
reason why agreement should
not be reached with Syria as
well." Mrs. Meir emphasized,
however, that "negotiations
and peace can be achieved
only if Israel is strong."
In a cable, Finance Minis-
ter Pinhas Sapir warned that
because the country's defense
expenditures would consume
40 per cent of its total bud-

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Africans Doubtful of Arab Tie;
Still Feel Effects of Embargo

NEW YORK—A columnist
for Fraternite Matin, an
Ivory Coast newspaper, has
questioned the wisdom of
black African nations in sid-
ing • with the Arabs in ex-
change for the promise of
an Arab oil boycott of Rho-
desia, Portugal and South
Africa.
A New York Times corres-
pondent reported that similar
ideas have been heard in
several parts of black Africa
recently.
The article, "Treason or
Calculation?" raised the
question whether "the Arab
states have not deceived our
countries and agreed among
themselves that we are gulli-
ble."
Even though several black
African nations broke ties
with Israel last year, they
are still feeling the effect of
the oil embargo against the
Western nations. The higher
petroleum prices also -have
hit the black Africans in con-
junction with increased costs
of imports and growing in-
flation.
' On the day after the article
appeared, the government-
owned newspaper issued a
front-page disclaimer, which
stated that the column was
a personal view and not that
of the Ivory Coast govern-
ment.
However, some diploinats,
officials and intellectuals
have begun to question just
how the Arab oil producers
will keep their promise that
black Africa will not suffer.
Visits by the oil producers to
the Middle East -and North
Africa have been viewed as
threatening to the four-month-
old Arab-black African ac-
cord.
A West African diplomat
said that there are hopes
that the Arabs will act
quickly on their promise to
Africa. He noted that in May
the black African nations
and the Arabs clashed over
the Middle East situation.

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speaker at the inaugural Bond leaders convened in Is-pares with $502,000,000 in Is-
dinner.
rael by Mrs. Meir. It corn- rael Bond sales last year.
In the course of his ad-
dress, he said prospects for
peace are dependent on Is-
rael's being strong and able
to face up to its economic,
financial and military prob-
le ins.
Bar Mitzvah Suits, Sport
Rothberg observed that an
Coats and Knit Slacks
increased amount of coopera-
tion could be expected from
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the non-Jewish community
of
Sizes from 12 to 20
through larger Bond pur-
chases by banks,. insurance
Also Today's Styles For
companies, pension funds,
His Dad and Big Brothers
trade unions and various in-
stitutions.
Sizes 36 to 48
Israel Bond sales to these
They agreed by the end of
the year that the black Afri- groups in 1973 increased by
cans would benefit by break- 70 per cent over 1972 — $95,-
ing ties with Israel, and 000,000 last year as against
therefore would not be af- $56,000,000 in the previous
year.
fected by the boycott.
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The billion-dollar goal for
Several diplomatic sources
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effort to make the Arab-
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black African coalition work.
THE DETROIT JEWISH NEWS
"It is important, but we 12—Friday, March 8, 1974
need more cooperation from
the Arabs than we are get-
ting," one source said.
An Arab delegation has
been touring the black Afri-
can nations assuring them
of aid. However, the Africans
have yet to see a $200,000,-
000 development grant prom-
ised by the Arabs.

get, no resources would be
available for development
unless the Israel Bond Organ-
ization assumed full respon-
sibility for the new Develop-
ment Budget to be announced
at the end of the month. Un-
official estimates indicate
that this budget will amount
to about $700,000,000.
Ambassador Yosef Tekoah,
Israel's ambassador to the
United Nations, was principal

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HAMILTON FARMS CONDOMINIUMS:

Paul Zuckerman
Defines Missions

NEW YORK (JTA) — In
the wake of the temporary
detention by the Egyptians
of a group of United Jewish
Appeal Young Leadership
Cabinet members, Paul
Zuckerman, UJA general
chairman, explained the pur-
pose of their trip to Israel.

He said: "The young lead-
ership group was participat-
ing in a continuing UJA pro-
gram to inform American
Jewish men and women of
the activities of the people
of Israel and the conditions
in which they work and live.

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Our condominium homes are ready for occu- living in harmony with nature again. Come look
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"We believe that a people-
to-people program is the only
effective way of showing the
sacrifices made by the Jews
of Israel. In addition to meet-
ing young Israeli men and
women serving their army
duty, our tours visit old-age
homes, absorption centers
where new immigrants are
housed and educated, schools,
community centers, new set-
tlements and all the other
areas of Jewish humanitarian
concern for which UJA funds
are used."

Yiddish Food Stamp
Leaflet Distributed

NEW YORK (JTA) — A
substantial number of the
200,000 copies of a leaflet in
Yiddish, published by the
Department of Agriculture to
enable poor Jews to learn
how to qualify and apply for
food stamps, have been dis-
tributed, according to an
American Jewish Committee
official.
The leaflet, the first printed
in Yiddish under federal
auspices, was proposed by
the AJCommittee.

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