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Dr. Schwartz Reports Substantial Gains in Israel Bond Drive in Europe

The Israel bond drive is now on the threshold of the biggest year in its history, Dr. Joseph J. Schwartz, vice-president of the Israel Bond Organization, reported today following a campaign tour of Western European communities.

Discussing the progress of the Israel bond program in European countries, Dr. Schwartz said that in the first ten months of the current year sales overseas amounted to $2,484,100 as compared with $1, 734,550 for the comparable period of 1960. He paid tribute to the leadership of Baron Edmond de Rothschild, president of the Israel Bond Organization for Europe, in stimulating an increase of some 40 percent in the sale of Israel bonds this year.

In an estimate of the status of the over-all campaign in the United States, Canada, Latin America and Europe, Dr. Schwartz pointed out that as of October 31, the 1961 drive was running approximately 12 percent ahead of last year. However, he emphasized that the chances establishing a new sales record in 1961 were dependent on the results in the crucial months of November and December, the two traditionally biggest months in the campaign calendar.