The American Israel Chamber of Commerce today made public the views on American-Israel economic ties in 1962 advanced by heads of American firms doing business with Israel.
David Karr, president of Fairbanks Whitney Corporation, forecast that “in 1962 Israel will make great strides in developing low cost solar energy to provide cheap power for the still dark sections of the world; in the field of water desalination, 1962 will see the installation of the first low cost concepts using the freezing method.”
John M. Will, president of American Export Lines, stressed the developments in transporting liquid bulk cargoes and of refrigerator space “to enhance the possibility of citrus fruit exports to the United States.” The extensive developments in Israeli shipping, to culminate in the construction of Zim’s $20, 000,000 luxury liner Shalom, are reviewed by Gottlieb Hammer, president of American-Israeli Shipping Company.
“An upsurge of the investors’ confidence” is noted by Joseph Meyerhoff, president of Palestine Economic Corporation, and Samuel Rothberg, president of Israel Investors Corporation. H. F. Roderick, president of Miles Chemical Company, viewed 1962 as “a year of singularly great significance,” when its $2, 000, 000 citric acid plant in Haifa will be complete. “A continuation of the present trend”–“intensification of substantial investments in Israel” are forecast by the U.S. heads of the two Israeli banks that have been licensed to operate branches in New York–R. Recanati of the Israel Discount Bank and Gideon Strauss of Bank Leumi Le Israel.
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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.
