An agreement, under which Israel will receive aid from the United States under President Truman’s “Point-Four” program, was signed here today by representatives of the governments of the United States and Israel. American Ambassador Monnet Davis and Israel’s Foreign Minister Moshe Sharett were the signers.
Earlier today, Ambassador Davis presented his credentials to President Chaim Weizmann of Israel in the presence of Minister Sharett. No formal speeches were made at the ceremony. Instead, the President and the American diplomat chatted for a short while.
The Finance Committee of the Israel Parliament today unanimously approved the bill authorizing the Minister of Finance to float Israeli bonds to the value of $500,000,000 in the United States and other countries outside Israel. Finance Minister Eliezer Kaplan, speaking to the committee, warned that Israel cannot depend on assistance from abroad for the solution of the country’s economic problems. He called for the mobilization of all possible resources as well as increased productivity.
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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.
