Nearly $1,000,000 in additional shares of stock in Israel Investors Corporation was sold yesterday at a dinner here, attended by more than 500 persons, including outstanding leaders of the Los Angeles Jewish community.
Israel’s economic progress and her program for further industrialization and development of barren areas were described at the dinner by Mordechai Gazit, Minister Plenipotentiary of the State of Israel. Mr. Gazit stressed the role of American investment through channels such as I.I.C. in the economic development of Israel Louis H. Boyar, Los Angeles communal leader who is chairman of the board of Israel Investors Corporation, and national chairman for Trustees of the Israel Bond Organization, presided.
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