U.S. Bankers, Industrialists in Israel

A delegation of 25 U.S. bankers and industrialists have left for Israel to meet with Premier Yitzhak Rabin, Finance Minister Yehoshua Rabinowitz, and other government leaders and to make an on-the-spot survey of Israel’s current economic problems and investment potential for future developments.

The delegation, consisting of bank presidents and board chairmen and leaders in industry, is headed by Robert H. Smith, of Washington, Jewish business and communal leader, who is serving as national chairman for institutional sales of the Israel Bond Organization.

Smith said that in the course of its one-week visit, the delegation will also study the impact of proceeds from the sale of Israel Bonds on the country’s rapid industrialization. He pointed out that more than 2800 banks in the U.S. and Canada have purchased Israel Bonds. In addition to studying the country’s economic situation, the delegation will visit the Gidi and Mitle Passes and the Abu Rodeis oilfields in Sinai.

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