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PAGE TWELVE
I New Jewish Sfafe
J Sees Woes Ahead
In Its Finances
By K. C. Thaler
(United Press SUff Correspondent)
London (IB War operations
" have cost the young Jewish re-
; public 520,000 per hour, accora-
ine to Israeli sources.
" War and defense expenditure at
present consume some two-thirds
m of the total budget, the sources
added. They declined, however,
" to give an over-all figure ol ex-
penses to date.
m Financial and economic founda-
tions have been seriously shaken.
JJ Economic plans for the future of
. Israel will huve to be reshaped
on the basis of long-term plan-
ning and on the assumption of
suDstantiai united states iinatt
m cial assistance, the sources sug
" Eested.
" Tentative estimates put the re
m qulrements for the next few
- years at well over $1,000,000,000,
r of which at least half is expected
to come from abroad by way of
credits, loans and Investments.
Development Promised
. Large-scale industrial develop-
- ment will mark the immediate 1 u.
ture once the political issue has
2 been resolved. For some time to
. come Imports will considerably
exceed exports, Jewish sources
added.
1 The settling of additional imml-
grants and their integration into
Israeli economy will absorb sev-
eral hundred million dollars, each
Immigrant accounting for the
- need of capital investment of be-
2 tween $2,000 and $2,500.
. Palestaine income under the
British government was budgeted
with little under $100,000,000
coming mostly from the Israeli
part out of taxes and customs.
Estimates are that Israeli will
Dr. Grant Skinner
DENTIST
ODonnell Bldg.
Office Phone 73
Bealdence Phone 819-W
Mj Wilson's
Refrigeration
Efficient Quality
Service & Repairs
ALL TYPES and MAKES
of MECHANICAL
REFRIGERATION
South I'lion
Highway 97 16
CASH
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Easy to Get
Easy to Repay
'25.00 to '300.00
ON
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. FARM MACHINERY
LIVESTOCK
Up To '500.00
ON AUTOMOBILES
Repayment Terms Arranged
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PORTLAND
LOAN CO.
Norbert I). Goodrich, Mgr.
Rm. 8, Penney Bldg., 1010 U nit
Telephone. 17,1.
BEND. OREGON
Stale Licenses SI K0 M321
No. 9-12
Svnopsls ttf Annual Statement for tho
; fTr endrd December 31. 1947 nt the
m Tentury lnsuram-e Company, Ltd. of
Edinburgh. Scotland, made to the tn-
surance Commissioner of Ih. Stat
' Df. Oregon, pursuant to law:
INCOME
s Net premiums received. tt.41S.572.RI.
m Total Interest, dividends and real
(Mate Income, (224.917.05.
a. Income from ol her wources, $139.4:13.62.
Total Income.
. .,. C DlsnUHSEMKNTS
Net amount paid for losses, fl,4RB.
M3.4S. ew l- adjustment expenses. J70.s?.M.
. " " Underwriting expenses. I1.4li7.0 13.
f " Dividends paid to stockholders, none.
Dividends paid or credited to uollcy-
i bolders, none.
j All oltier expenditures. $22S.4M.U.
' " Total oburscments :i.2:i2,l27.00.
! ADMITTKD ASSKTS
. - Value of peal estate owned (market
j Value) none. v
1 Loans on mortgages and collateral.
t etc. none.
! Value of bonds owned (amortiredl
, 12.9.14.323.10.
' Value of stocks owned (markot
.. Value I $.1,110,597.00.
M Cash In banks and on hand. $197.-
927.68. .
Premiums In course of rotted Inn
written since September 30. 1947, 414,.
772.70.
Interest and rents due and accrued,
" IR.g4a.D0.
Other assets (netl, $6" 37S 97.
I Total admitted assets. tl.9.l2.40a 15.
UABI1.ITIKS Sl'HPI.US AND
OTI1K11 FUNDS
Total unpaid claims. Sl.444.1Kn 24.
Estimated loss adiuMuient expens.
h- for unpaid claims, )4K.AII3.74.
i . m Total itnesi ned premiums, $2, 48S,
m. mis.
. All other liabilities. 29S.O4An0.
Total llablUlles, except capital, $4,.
t7H.4PH.l3.
Statutory deposit. .wo.noo oo.
Special surplus fHnds: none.
tlnasstgnKl funds v (surplus) $2,156.
$05 22.
Surplus M regards policyholders
tl.SM.90S.22. ,
" ToUl. $,932.4IW.3,1. '
business in ortrrcoM
" TOR THE YEAR
Wet premiums received, $.11,614.47.
Net losses oald. 114 017 to.
Dividends paid oc credited to policy.
be able to raise some $250,000,000
out of savings and other internal
sources to cover war expenses
and a similar amount from pri
vate Jewish sources abroad lor
investment purposes.
Vital imports are now being
financed partly out of so-called
United States gift dollurs to cov
er purchases from the dollar area,
Imports from the sterling area
are to be paid for with sterling
accruing from current Israeli ex
ports, Palestiane's sterling bal
ances of some $100,000,000 were
blocked by Britain last February.
Proof Required
Releases for individual transac
tions are conditional on proof to
the British authorities that the
funds are required "for a proper
purpose" and that payment can
not be met out of current sterl
Ing earnings. Official sources
said exports are continuing
though they are impeded by hos
tilities and lack of transportation.
Development plans envisage ex
pansion of food, textile and metal
industries, many ol which were
established or enlarged during the
war. There also may be the re
opening of the diamond cutting
Industry, which has been closing
down as a result of political
troubles. In 1946 the industry
exported cut dimands mostly td
the United States to the value ol
$22,000,000.
Dcpendance on close economic
and trade relations with neigh
boring Arab countries is not de-'
nied. The sources admitted that
the economic life of Israeli will be
largely influenced by those rela
'i?Mt?
v$fiPA 0f exceptionai "av
m&A IIALLEY'S
II6K of THC SCASON
W J.
mm
r-if-..t
rr metin.L,
nf . funnel
rom ''
Hons. If co-operation with Arab
states is not attained, Jewish in
dustry would be limited to a nar
row home market while overseas
exports would face heavy com
petition trom poweriui compet
itors in the advanced Industrial
countries.
Pleasant Ridge
Pleasanta Hidge, July 1 (Spe
cial) Mrs. Ted Povey went to
Portland last week to attend a
prenuptial shower honoring her
daughter, Joan.
Miss Margaret Conklln return
ed home Monday from Girls'
State at Salem. Margaret was
sent to the summer school by the
American Legion auxiliary. She
spoke before the group at their
meeting Thursday. The othor
glrl sent by the group was M'.sf
Caroline Lane, Redmond.
Frank Conklin left Saturday
morning for Beaver State at Cor
vallis. The school will last a
week.
Visitors at the Mikkelsen
home Friday afternoon were Mrs.
O. E. Anderson, Mrs. Frank Way.
and Mrs. Ernest Feater, Red
mond.
.The Stanley Edgerton family,
Mrs. Jess Lynam and grandson,
Pat Suter, Joined the Loyd Peter
sen family for a picnic Sunday
at Petersen's rock gardens.
Mrs. George Coffelt and Mrs.
Horace McKee and daughter, Lin
da, were callers at the Carl Glllen
water and Shorty Wilcox homes
in Redmond Saturday.
Mr, and Mrs. F. H. Cottrell and
POTATO CHIPS
23c & 49e
,4T
"TU rflrtive! Quick and Easy to Wake.
TuetW Liflht. AltraUIVe: every time you
IUiM" " '. .....rv Drifted Turns o Jd Snow Flour. v
S"0,,'"L rccSrc. ., dessert
Ka M.to chifto i. a tajtjrto-g
''nl"r i,?t tonticd or accompanied YJjJ
nny menu it becomes j"
berries or f'Jt 'serving.
8,,ccial Bummer-ilcsscn
Sift b'f" m'"U'l for M ingredients.
U'u i """ I"' , slow.moJcr.tc oven.
PtcW.,, ;."e..bou. 70' ).
1 teaspoon .oil ni ,JJ in the oidct
MA, ...I in center o d, , J MjM
V, cup cooking oil ""'
6 egg YOlVi, unbeaten
cup cold voter ? teapoon each
? leajpoon. vanilla extract n"
rU"r.p.'"'"''""""'"
I KVf W 1 .,lrtr
. .. wUh K"r. ' ,e,ecd
u. Turn r ' ni h"
o not . deed-16 0
Sfetrf,'
THE BEND BULLETIN, BEND, OREGON
son, Keith, Mr. and Mrs. Shorty
Wilcox, and Mr. and Mrs. Oswald
Hanson and .family were guesta
Thursday evening at the Mikkel
sen heme.
Wednesday, Lois Petersen was
an overnight guest of Ilia Jean
and Donna Edgerton.
The boys' 4 H dairy club met
at the home of Raymond Jewel
June 14. All members were pres
ent and Alan Bickford joined the
club.
Mr. and Mrs. Wesley McNett
left Tuesday for a trip to Idaho.
The McNetts spent a few days
at the Robert Garboden home
last week.
Mr. and Mrs. Lewis McKee,
Moro, visited the Horace McKee
family last week. Miss Margaret
Winegar accompanied the Mc
Kees back to Moro, where she
will be employed this summer.
Chief Pharmacist Mate and
Mrs. Harold Belshee and daugh
ter, Caroline, were overnight
guests Thursday at the Horace
McKee home. They left last Fri
day for San Francisco where Bel
shoe will report for duty.
Mr. and Mrs. Soren Simonsen,
Redmond, were visitors at the
Mikkelsen home Tuesday.
Mr. and Mrs. Calvin Nored and
daughters, Albany, were visitors
at the Mikkelsen home Saturday.
They returned to Albany Sunday
evening.
Mr. and Mrs. Alfred Petersen
and daughter, Janet, were Sunday
dinner guests at the Rasmus Pe
tersen home.
Miss Gloria Jean Coffelt, Tule
Lake, Calif., arrived June 18 to
, v.4. , ' , , t
U ia I
...
Turns out ISWo
nSr-h. Meade Home
fS
- ii ,or
after
mm
S BSSS InoWn an Z bakings,
pastries "
U
KteJ -
. . upf
receivss v
Chongei ol oltitudes
Biking Pwa"
0en iciu.--
tllllY 0"n
tube pal. ,
P
..uP.Aml.!.."M':MM"'1,
visit her father, George Coffelt,
and Mrs. Coffelt.
Miss LaVerne Imel, Redmond,
was a week-end guest at the B. P.
Elster home. They spent Sunday
at East lake.
Mrs. Harold Maker, Bend, her
sister, Mrs. Keyes, of Massa
chusetts, and her son-in-law und
daughter, Mr. and Mrs. Raymond
Gumpert and children, Shevlin,
were guests of Mr. and Mrs. Sid
Conklin Sunday.
Alfred and Sine Mikkelsen and
the Calvin Nored family visited
at the Art Miller and Shorty Wil
cox homes Saturday afternoon.
Mr. and Mrs. Jud Bourland,
Mrs. Art Miller and daughter,
Kem, Mr. and Mrs. Ole Hansen
and sons, Hans and Harold, and
Miss Marylin Elliott were dinner"
fuests at the Mikkelsen home
unday.
Several couples from this com
munity went to Sisters to the
dance Saturday evening.
Mrs. Fred Bristlin and daugh
ter, Ola, were visitors Tuesday
evening at the Sid Conklin home.
Mrs. O. E. Andersen and daugh
ter, Ola, were visitors Tuesday
evening at the Sid Conklin home.
Mrs. O. E. Andersen and Mrs.
Sid Conklln were visitors of Mrs.
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7217 m
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P. O. Box 687 ' Bend.Ore.
Wholesale and Retail
tima you uso this
S
" - of Spcrry
,
sk i ..IAltlt
4000- 5500 .fee?
lij teaspooru
5U
mw km f ch.M
vtivn chiton caki with
Chifloo Cake.
Sperry Division oICcnerlMl
Sine Mikkelsen Wednesday after
noon. William Malone was a visitor
at the J. F. Jewel home Monday.
Tests Show Bats Not
All Warm-Blooded
San Francisco iim All mam
mals are not consistently warm
blooded, according to Dr. Robert
T. Orr, curator of birds and mam
mals at the California Academy
of Sciences in San Francisco.
He said the temperature of
some species of inactive bats va
ries with environment.
Live bats placed in a cold-room
where the temperature was kept
between 40 and 50 degrees F. soon
had about the same temperature.
Dr. Oit pointed out that the cold
room conditions are about the
same as in the caves in which the
bats sleep through the winter.
UJj-.,,T HAVE tO
tou r.v.of to
BuroMe Cooling
Many St)io
BEND
Specialized Service
844 Bond Phone 1212-W
3S
Wm
Spi
RY
FLOUR
Over 5500 feet
it teaspoon
550
&esh to,, ot fruit
,d jt, ,hir,
When roused from sleep, the
little bats vibrate "like B-29s
warming up," the scientist said,
"and rapidly become warm and
ready for flight."
BRIBERY DOESN'T PAY
Chicago Ut Two boys who
ORDER NOW!
ICE CREAM
FOR THE 4th
BEND DAIRY CALL 101
SPECIAL SERVICE ON SPECIAL ORDERS
ILYM
CASH MARKET
South Third St. Phone 91
Closed Monday. July 5th
Tissue Silk .....2 rolls 29c
ALL BRANDS . - .
Cigarettes . . . 1.33 carton
GARDEN
HOSE
50 ft. Length
Keg. 6.75 Value
Special 4.95
Marshmallows. . . pkg- 18c
MORTONS
Salt..
Wax Paper,
SEARCHLIGHT
Matches
Mop Sticks
WHITE SATIN
Sugar. .... .10 lb. bag 83c
23c
49
BEER Ice Cold
Buy If by the Case and Save
Coca-Cola 7-Up Root Beer
Orange ..... 1.00 case plus deposit
Syrup Vermont Maid ....... 29c
Hersheys Chocolate Syrup .... 15c
FRESH FRUITS and VEGETABLES
Strawberries crate 2.49
Locals
Watermelons lb. 5Jc
Cantaloupe each 15c
Cqrros bunch 9c
y Free Delivery Anywhere
In The City
Open 8 a.m. to 10 p.m.
Sundays 10a.m. to 8 p. m.
OPEN SUNDAYS
PLENTY OF FREE PARKING
THURSDAY, JULY' 1 ," 1 948'
turned In a false fire alarm "for
the fun of It" discovered police
men can't be bribed ad easily as
they thought. The lads, IX and
nine years old, offered free shoe
shines to the" officers who arrest
ed them but ine propositton was
rejected,
FOR SUMMER
Paper Plates., pkg. 13c
Wooden Spoons pkg. 9c
Wooden Forks., pkg. 9c
Kool-Aid .- 4 pkgs. 15c
Jell-O asst. ..pkg. 9c
Alka-Seltzer Ig. size 49c
2 pkgs- 17c
125 ft. roll 20c
ctn. 35c
ea. 25c
WE CARRY A
COMPLETE LINE
OF FRESH AND
CURED MEATS
IP