Cornerstone for Kaplan School of Economics Laid in Jerusalem

A cornerstone for the Kaplan School of Economic and Social Sciences, which will be a part of the Hebrew University, was laid here today at a ceremony presided over by Joseph Sprinzak, Speaker of the Israel Parliament. Mr. Sprinzak pointed out that the school will train professional workers to serve in the administration of the state and to act as consultants to Zionist bodies on economic problems.

A total of $500,000 dollars was raised in the United States for the building in which the school will be housed. The annual budget of the institution will be covered by funds raised in Israel which will include contributions from the Israel Government, the Jewish Agency, the Histadrut, and the Hebrew University. The Kaplan School, named after Eliezer Kaplan, late Israeli Minister of Finance, will award degrees of Bachelor of Arts, Master of Arts and Doctor of Philosophy. Plnhas La von, member of the Israel Cabinet, was named president of the school and Professor Umberto Bachi will be the dean of the institution.

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