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Israel Sets Highest Record in Foreign Bond Sales in U.S.

The final phase of the three-year Israel Bond drive in New York was opened here yesterday with an announcement by Abba Eban, Israel Ambassador, that sales of Israel securities in the United States have surpassed that of any other foreign bond issue ever floated in this country.

Ambassador Eban addressed 2,000 Jewish community leaders at 11 breakfast meetings held throughout the city to launch the campaign and to formulate plans for the celebration of the 3,000th anniversary of Jerusalem at Madison Square Garden on October 20th, under the sponsorship of the Israel Bond Organization.

Speaking over a telephone hook-up that connected all 11 meetings, Ambassador Eban said: “There is no precedent in the financial history of the United States for any government to have sold its securities to the extent of $160,000,000 in cash with great prospects of increase lying before us in the future.”

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