NEW YORK (Oct. 22)
The present Israel Cabinet will continue to function until either a new Cabinet is formed or until national elections are held, Eliezer Kaplan, Israel Finance Minister, declared here this week-end upon his arrival from the Jewish state. Mr. Kaplan is in this country to attend next week’s National Planning Conference for Israel and Jewish Rehabilitation in Washington.
The Minister refused to make any further comment on the Israel Cabinet crisis. He said that Israel’s two major problems are the threat of inflation and the scarcity of foreign currency.
Over 40 major Jewish organizations, whose membership includes the majority of America’s 5,000,000 Jews, have indicated that they will participate in the National Planning Conference. Some 1,500 Jewish leaders will participate in the October 27-29 sessions.
The Zionist Organization of America, meanwhile, has announced that its newly-formed national economic committee, charged with the task of encouraging the investment of private capital in economic enterprises in Israel, has urged the more than 800 districts and regions of the organization throughout the country to form local economic committees for the implementation of this phase of the Z.O.A. program.