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$500,000,000 Goal in Israel Bond Sales Set for Next Seven Years

A goal of $500,000,000 in Israel bonds sales within the next seven years was announced here tonight by Abraham Feinberg, president of the Israel Bond Organization.

Mr. Feinberg addressed a capacity audience of 18,000 in Madison Square Garden attending the second performance of the Chanukah Festival for Israel, sponsored by the Greater New York Israel Bond Committee as the climax of its 1961 campaign to sell State of Israel Bonds. The Chanukah Festival will be presented for a third and final performance on Monday evening, January 1. Admission is free to those who purchase Israel bonds.

Describing the planners of the Israel bond campaign as “dreamers who were after all realists,” Mr. Feinberg said that in the decade since the start of the drive “more than $500,000,000 worth of Israel bonds have been purchased by more than one million investors in 28 countries of North and South America and western Europe.” He then announced the $500,000,000 goal for the next seven years.