Canpal Israel Trading Company, Ltd., increased the volume of its imports from Israel in 1963 for the ninth consecutive year; it was announced here at the firm’s annual meeting by Barney Aaron, president of the company; Since its formation, he reported, Canpal has granted loans and credits to Israel totaling $13,247,396.
According to S.S. Albert, secretary-treasurer of Canpal, last year’s volume of imports from Israel exceeded $1, 000, 000. For the first time in Canpal’s history, he said, the major portion of Canpal’s income, during 1963, “was derived from the sale of Israel merchandise on the Canadian market.” Up to the end of 1963, he reported, Canpal has paid 26 dividends, amounting to 56 per cent of the par value of the early preferred shares.
The report by the officers showed that Canpal’s purchases on behalf of Israel had come from every part of Canada. These purchases included salmon from the Far West; meat and grains from the Midwest; tractors and milk powder from Ontario; aluminum and asbestos from Quebec; and lumber, fishmeal and potato seeds from the Maritime Provinces.
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.
