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Conference of Jewish Community Leaders Gets Report on Israeli Economy Needs

October 26, 1948
See Original Daily Bulletin From This Date

A detailed picture of the economic needs of the state of Israel was presented by Herman Hollander, Israeli Under-Secretary of the Ministry of Trade and Industry, and Harold Glasser, director of the Institute of Over- seas Studies of the Council of Jewish Federations and Welfare Funds, at the closing session here of the conference of leaders of the 30 largest Jewish communities in the U.S. and Canada.

Israel still requires philanthropy in view of present war needs, Hollander said. He added that Israel is “inviting the investment of private capital by American businessmen for the development of the nation’s industrial potential. Normal responsibilities are being met by the government, he reported, but major U.S. philanthropic aid is required for housing and industrial and agricultural absorption of immigrants, he emphasized.

Glasser, who recently returned from a visit to Israel, told the parley delegates that Israel faces a sharp labor shortage “occasioned by the fact that much of the manpower is absorbed in military duties.”

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