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Israel Explains Suspension of “scrip” and Gift Parcels from U.S.

October 5, 1955
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The Israel Treasury explained today that its order of last week suspending activities of firms dealing in gift parcels from abroad for Israel residents and “scrip companies” which sell certificates abroad for goods to be purchased in Israel.

Primarily, the Treasury said, the domestic food situation has improved and there is sufficient food available in Israel and anything which semi-governmental agencies need can be purchased for pounds instead of for dollars, therefore there is no need for outside sources to send food into the country.

The Treasury also said that some of the certificates in circulation were not bonafide. The statement noted that the order canceling the companies applied regardless of whether the “scrip company” or the gift organization was a profit or non-profit group.

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