The Senate Foreign Relations Committee was told by Cedric H. Seager Near Eastern regional director of the Foreign Operations Administration that “such importance pertains to the security and stability of the area that includes the Arab states and Israel that continued U.S. guidance and assistance in various forms is essential to its welfare as well as to ours.”
Mr. Seager reported that “Israel has pursued unflaggingly its efforts to attain as high a degree of viability as possible without external aid. The goal is not possible under existing conditions. Exports have risen during the past year, the rate of inflation has been reduced, production has increased and agricultural output has been raised but the country resources are still far from sufficient to meet its total needs.”
As previously indicated by Secretary of State John Foster Dulles. “a special fund of $65 million is proposed to help implement the agreement, when reached, regarding the division storage and control of the waters of the Jordan River ” Mr. Seager said ” It was made known several days ago that a further sum of $73 million for development assistance is proposed for the countries of this area as part of regular mutual assistance agreements already reached and in continuation of development assistance already in effect ” he concluded
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