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Plan Formation of New Israeli Purchasing Company Here

April 22, 1952
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Formation of a new purchasing corporation able to assume supervision and control of a long-term purchasing program in the United States for the State of Israel is the major objective of the current visit of Dov Joseph, Israel Minister of Supply, the J.T.A. learned today. Mr. Joseph, who arrived for a brief visit, will also arrange for purchase of supplies here with funds from last year’s American grant in aid and will confer with U.S. Government authorities in Washington on these purchases.

The proposed new purchasing agency, according to present plans, would command sufficient sources of capital and credit here to be able to embark on and maintain a long-term supply program for Israel. Purchase of food and other supplies in the United States would be concentrated in the hands of this agency to ensure a regular flow of supplies to meet Israel’s needs.

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