A nationwide organization that will ensure Canadian Jewry’s full contribution towards the solution of Israel’s pressing problems is now being set up under the leadership of Samuel Bronfman in connection with the convening of the National Conference for Israel and Jewish Rehabilitation in Montreal on March 25 and 26.
One of the first measures planned by the Conference is the setting up of a Canada-Israel trading corporation. Spokesman for the conference are hopeful that the corporation will find it possible to enter into an agreement with the Export Credit Insurance Corporation in Ottawa which provides proper insurance coverage and financing for exports to other countries. Under certain conditions this government agency insures the credit on export shipment for which export orders have been obtained, sometimes as much as 85 percent of the volume of shipment. Thus, a capital of $1,000,000 enables the seller to handle annual transactions of $13,600,000 on credit buying.
The Canada-Israel Trading Corporation will be established jointly by the Canadian Jewish Congress and the Zionist Organization of Canada, with a board of directors of 12 men selected from their principal officers.
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