NEW YORK (Aug. 25)
A middle-of-the-road political party — as represented by the General Zionists — will soon come to the forefront in Israel, Charles Ress, president of the Keren Hayesod of America, said last night following his arrival from the Jewish state where he spent several weeks.
Mr. Ress, emphasizing the importance of expanded private capital investment in the new state, said the Government of Israel has offered certain inducements to industrialists through the waiver of taxes, the waiver of customs duty on imported machinery and other concessions. Most privately-invested capital in the Jewish state, he added, comes, and will continue to come, from the United States.
Mass immigration to Israel requires industrial and agricultural expansion, Mr. Ress continued, “since more jobs can be provided to the newcomers through industry than in agriculture.” The Keren Hayesod president also noted that considerable progress has been made in housing construction in Israel by Amidar, the national housing corporation, and predicted that the immigrant reception camps will be emptied by the end of this year.