Israel bend sales during 1939 totaled $52,500,000, a 15 percent increase over 1958 sales and the second best year of sales in the history of Israel bond campaigns, Dr. Joseph J. Sehwarta, executive vice-president of the Israel Bond Organization, told a press conference here today.
He emphasized that the increase was achieved in the absence of any crisis and said this indicated a growing confidence in Israel’s stability and development possibilities.
Indicating that there was every reason to expect another increase during 1960, Dr. Schwartz said that if the present “tight money” policy continued in the United States and throughout the world, the Israel bonds administration may recommend an increase in the current four percent return paid on Israel bonds.
He also reported that he had completed talks with Pinhas Sapir, Minister of Commerce and Industry, on an agreement placing Israel bond offices and staffs in various cities at the disposal of the Ministry’s new organization to promote investments in Israel industry.
Dr. Schwartz also announced that former President Truman and Moshe Dayan, Israel’s new Minister of Agriculture and former Chief of Staff, will be among the guest speakers at the Israel bonds conference opening in Miami on February 26.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
