JERUSALEM (Dec. 21)
The officers of the Israel Electric Corporation in which the Israel Government recently acquired a majority interest, today held their first meeting since the Israel Government took control.
The resignations of the old board of directors were accepted and a new board of 16 members was named. Lord Samuel, retiring chairman of the board, was granted an annual pension of 1,500 pounds sterling. A new chairman of the board of directors will be elected at the next meeting of the board.