Charges that the Israeli Government thwarted foreign capital investments were denied in the Knesset last night by Labor Minister Golda Myerson in a speech concluding parliamentary debate on the nation’s unemployment problem.
The Labor Minister emphasized that “if the government discouraged certain investment plans, it was because the investors sought the highest possible profits.”
Mrs. Myerson told the Israeli parliament that she intends soon to submit bills on social insurance and a labor exchange plan. The aim of the government, she said, is to concentrate the distribution of work in a centralized labor exchange system. Regarding the immediate and future prospects of employment in the country, she told the Knesset that she would soon be able to reveal job plans for a very large number of workers for extended periods of time.
American manufacturers, following announcement of the Ford Motor Company’s decision to ship 1,800 vehicles to Israel on part credit terms, have agreed to extend an additional $5,000,000 credit to the Jewish state, Dr. Shaul Lifschitz, managing director for the Ford concern in Israel, revealed at a press conference today. Dr. Lifschitz is also a leading member of the Chamber of Commerce here. He will leave for the U.S., shortly to work out details for the erection of a Ford assembly plant in this country.
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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.
