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Israel Forms Govt. Company for Development of Atomic Energy

Israel announced here today the formation of a government company for the promotion of nuclear science, and development and exploitation of atomic energy for peaceful purposes. Incorporated at 40,000,000 pounds ($16,666,666), the firm’s founding shareholders include Prime Minister David Ben-Gurion, Finance Minister Levi Eshkol, and Deputy Minister of Defense Shimon Peres as representatives of the Government.

Other initial stockholders listed in the announcement are Abraham Zabarsky, chairman and managing director of the Workers’ Bank, Ltd.; Dr. Yeshayahu Foerder, board chairman of the Bank Leumi le-Israel; and several leaders of the parties that are partners in the coalition Government. Hillel Z. Dan, former director of Solel-Boneh, the construction and contracting arm of Histadrut–the Israel Federation of Labor–has been appointed manager of the new company.

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