CHICAGO (Oct. 10)
Fifty leaders of the Israel Bond Campaign in Chicago subscribed to a total of $686,000 in bonds, and promised today that Chicago would produce a total of $5,000,000 in bond sales for the 1963 year, at a dinner in honor of Pinhas Sapir, who made his first appearance at an Israel bond meeting since becoming Finance Minister.
Mr. Sapir, who is also Commerce and Industry Minister, told the Chicago Jewish leaders that Israel could not have achieved its impressive economic progress during the past decade without the financial resources provided through Israel bond sales. He emphasized that not economic considerations but the devoted interest of bond purchasers was responsible for the outstanding success of the Israel Bond organization.
He added that there was not “a house, a school, a factory or a farm in whose building Israel Bond money has not played a role,” and stressed that if present Mid-East tensions were relaxed, Israel could achieve economic independence before 1970.