An $11,000,000 investment and lending program for Israel was announced here today by Abraham Dickenstein, president of AMPAL–American Israel Corporation, upon his return from a month’s visit to the Jewish State. The money will be invested in and lent to various industrial and other enterprises in Israel during the next six months, Mr. Dickenstein said.
“AMPAL investments,” Mr. Dickenstein stated, “had played a major role in almost every phase of Israel’s industrial and agricultural development. Their success had enabled the corporation to declare its thirteenth consecutive dividend this year at the rate of five percent per annum.” He also drew attention to the fact that “AMPAL recently announced for public sale two new types of securities rarely found on the American market.” The first are series “D” five-year discount debentures in denominations of $100; $500; and $1,000. The second are series “E” ten-year discount debentures in the same denominations, yielding, upon maturity at least the equal of five percent compound interest.
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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.
