A program calling for the arrangement of short-term loans to Israel by Jewish communities in this country and from other sources was adopted here last night at a meeting of some 200 communal leaders from all parts of the country. Presiding at the meeting was Israel Ambassador Abba Eban.
The program also stressed the need for paying “as soon as possible” all pledges to the United Jewish Appeal and to make good promises to purchase State of Israel bonds. A report on plans to mobilize short-term loans–for not less than one year–to help Israel overcome temporary financial difficulties was presented by Morris Berinstein, member of a provisional three-man committee set up at an earlier meeting of communal leaders on March 15. The other members of the committee, which was established as a permanent group at last night’s session, are Jack Weiler and Sam Rothberg.
A detailed picture of Israel’s economic situation was presented by Ambassador Eban and by Dr. Martin Rosenblueth, representative of the Israel Treasury in the Western Hemisphere. Among the guests last night was Israeli Labor Minister Golda Myerson. During a discussion of the committee’s report it was evident that communal leaders active in the U.J.A., the bond drive and in the welfare funds were united behind the three-man group. It was also apparent from the discussion that all the guests at the meeting were acutely aware of the need for speed in meeting Israel’s financial requirements.
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