S. Hoofien, director of the Bank Leumi Leisrael, Israel’s national bank, said here that the bank has substantial sterling and dollar reserves to back paper currency in circulation and that it proposed to maintain that reserve.
The banker made the statement at a meeting of the Joint Palestine Appeal. “No one in Israel took external contributions for granted,” he said, adding that some sources of income which had helped Israel in the early crucial years were now trailing off.
Lord Jowett said that he felt the future of Israel and Britain were linked together. He added that he wished events had taken a different turn and that Israel had been represented at last week’s conference of Commonwealth Prime Ministers who, he was sure, were vitally interested that there should be peace in the Middle East.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
