NEW YORK (Apr. 8)
Israel’s Finance Minister Levi Eshkol is due to arrive here today from Jerusalem to start a series of conferences in connection with Israel’s immediate financial needs. He will meet with the leaders of the United Jewish Appeal and will participate in the meeting of the Board of Governors of the Israel Bond Organization on April 13.
Discussing the purpose of the Board of Governors session, which will be attended by about 200 leaders from various communities active in the Israel bond campaign, Dr. Joseph J.Schwartz, vice president of the Israel Bond Organization, pointed out that special consideration will be given to campaign plans for the month of May and June to intensify the nationwide effort to sell $75, 000, 000 in Israel bonds during the current year.
“The remarkable progress which Israel has made in her first decade of independence offers ample reason for self-congratulation on the part of all those who have shared in its notable achievements, ” Dr.Schwartz said. “However, we must be realistic enough to understand that in the immediate future Israel will continue to require substantial investment resources to consolidate and expand her economic gains. The program of economic development relies heavily on Israel bonds and only if we stimulate the widest response to this campaign will Israel be in a position to fulfill the many opportunities for greater industrial and agricultural productivity. “