A plea for Americans to make private investments in Israel was made here by Mrs. Golda Myerson, Israel’s Labor Minister, at the 27th national convention of the Labor Zionist Organization of America.
Dr. Nahum goldmann, chairman of the Jewish Agency’s American section, called for an alliance between the “progressive, constructive and liberal type of General zionism and Labor Zionism as a basis for a real partnership between the Zionist movement and the state of Israel.” Dr. James G. Heller, of Cincinnati, told the 1,000 convention delegates Jews are now coming to Israel from the East, “but the spirit of the land must be of the West.”
Mrs. Myerson said that it is important to establish new plants in Israel for two reasons: firstly, because Israel must produce some of the things that the Jewish state must now import and in that way save foreign currency and, secondly, because Israel must create permanent places of employment for new immigrants.
Questioned about the Israel Government’s policy regarding capital investment, Mrs. Myerson pointed out that the Israel parliament has approved a bill encouraging foreign investments. The policy of the government guarantees equal opportunity to individual and cooperative enterprises, she said.
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.
