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Keren Hayesod European Parley Seeks Coordination with Bond Drive

November 10, 1954
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An appeal to European contributors to the Keren Hayesod, the Zionist foundation fund, to increase their contributions this year by 15 percent to help Israel make up heavy expenditures which must be allocated to military commitments, was voiced here last night at the conclusion of an all-European conference of the Keren Hayesod.

The delegates from 12 European countries also asked the organization’s directorate and the Israel Finance Ministry to establish a committee to coordinate fundraising activities and Israel bond sales drives in Europe. Earlier, the delegates had complained that the bond drives were being scheduled without prior consultation with the Keren Hayesod, to the detriment of both campaigns.

Zvi Herman, head of the Keren Hayesod directorate, told the conference that additional funds were needed for the expected large-scale immigration of North African Jews, for the consolidation of Israel’s border settlements and for the establishment of Israel on a sound and stable basis.

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