JERUSALEM (May. 25)
Some 500 unemployed persons from the development town of Kiryat Shmone demonstrated in front of the Knesset, Israel’s Parliament last night, voicing demands for the establishment of industrial plants in their region and a hospital and other health facilities. Earlier, the demonstrators assembled in front of the Prime Minister’s office.
Meanwhile, Prime Minister Levi Eshkol called for greater efficieny in industry to cope with the problems of inflation in Israel. Mr. Eshkol spoke at a meeting attended by Israel’s Cabinet Ministers concerned with economic affairs as well as 50 of the nation’s industrial leaders. The purpose of the meeting was to reaffirm the Government’s anti-inflation program. The industrial leaders were assured that the Government will not be stampeded into abandoning that program.
An investment company which will concentrate on “serious” investment in firms listed on the Tel Aviv Stock Exchange, will be established by British industrialists Sir Isaac Wolfson and Charles Clore along with a group of Swiss investors and Bank Leumi, Israel’s largest commercial bank. Announcement of the plans for the new investment company was made here today by Israel’s Finance Minister Pinhas Sapir, who returned from London where he negotiated the arrangements for the project.