U.S. Settlers in Israel Ask to Ease Currency Law for Retired Americans
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U.S. Settlers in Israel Ask to Ease Currency Law for Retired Americans

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The Association of American and Canadian Settlers tonight urged the Israel Government to relax present currency regulations which were called the greatest deterrent to settlement in Israel by retired Americans.

The request was contained in a resolution approved by some 200 delegates to the eighth annual convention of the Association. The resolution declared that such Americans are required to surrender to the Israel Treasury their life-time savings in dollars and securities. The resolution said that the regulation, rather than drawing foreign currency into the Treasury, actually frightened away valuable sources of dollar income.

The delegates, in another resolution, pledged to raise $1, 000, 000 for a mortgage fund to implement various housing plans for Americans and Canadians settling in Israel. Mayor A. Tagar of Ashkelon extended an invitation, at the closing session, to retired Americans to settle in Ashkelon, pointing out its scenic, climate and economic advantages. Harold Wilkensfeld, formerly of Los Angeles, and now a practicing attorney here, was elected Association chairman, succeeding Carl Alpert of the Haifa Technion.

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