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Two Members of Israel’s Cabinet Arrive in U.S. to Help Sale of Israeli Bonds

April 2, 1951
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Yaacov Geri, Israel’s Minister of Trade and Industry, arrived here today to help in the floating in this country of the $500,000,000 Israeli Bond Issue. He will also concern himself with problems of American investments in Israel. Moshe Shapiro, Israel’s Minister of Interior, Health and Immigration, arrived here during the week-end on the same mission.

Minister Geri is expected to report in detail on the economic development of Israel and the advantage of a rapid subscription to the forthcoming bond drive. An extensive tour, planned under the auspices of the American Financial and Development Corporation of Israel, will take Mr. Geri into more than 20 key cities. During the course of his stay he will also he will also be consulting with the leaders of the United Jewish Appeal.

Minister Shapiro said he will remain in this country three weeks. During his stay, he will attempt to bring a closer understanding between the aims and programs of the religious Jews in Israel and the Jews in America. A leader of the Hapoel Hamiarachi, the religious laborites in Israel, Mr. Shapiro declared that all religious parties in the Jewish state were strongly opposed to any theocratic tendencies there. He estimated that 60 percent of the 360,000 new immigrants who arrived in Israel since the last parliamentary elections are religious Jews.

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