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Boston Jewish Philanthropies Invests Capital Funds in Israel Bonds

The Associated Jewish Philanthropies of Boston has invested $100,000 in Israel bonds, it was announced here by Lawrence G. Laskey, New England Israel bond campaign chairman. The purchase was made from capital funds set aside for building purposes of the Boston organization, the oldest Jewish federation in the United States.

Mr. Laskey urged other religious, charitable and educational institutions to follow the example, pointing out that investment of such funds in Israel bonds helps the investing organization at the same time that it aids Israel in strengthening her economic security.

“The organization or institution can receive four percent interest during the period the bonds are held and can regain the principal when funds are needed for building purposes,” he said. He emphasized that “payment of 100 percent plus interest is guaranteed,” and pointed out that Israel has never defaulted on any obligation.