NEW YORK (Sep. 21)
High Holy Day appeals in more than 800 synagogues throughout the country launched the new seven-year Israel bond campaign for $500,000,000, Dr. Joseph J. Schwartz, vice-president of the Israel Bond Organization, reported today. Completion of the new campaign was designed to coincide with the celebration of Israel’s twentieth anniversary in 1968.
“At a time when immigration has substantially increased, we must enable Israel to accelerate her economic development to provide the newcomers with adequate housing and jobs,” Dr. Schwartz said. “We must also recognize the indispensable role of Israel bonds in opening up the Negev, Israel’s new frontier of settlement and industrial growth.”