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Israel Bonds Reported Stimulating U.S. Investments in Israel

“The success of the bond issue floated in the United States by the Government of Israel has blazed a new trail for the encouragement of American investments in underdeveloped countries abroad,” Henry Montor, vice-president of the State of Israel bond organization, declared last night at a meeting of its executive committee.

Mr. Montor pointed out that the Israel bond drive, which up to September 1st had enrolled more than 400,000 subscribers with total subscriptions amounting to $140,000,000, “had already raised more money than was realized by any other foreign bond issue floated in the United States.” Julian B. Venezky, chairman of the executive committee of the bond organization, presided at the meeting which was also addressed by Henry Morgenthau, Jr., chairman of the board of governors.