Israel Bond Parley Concludes in Geneva; Gains in Europe Reported

Sales of Israel bonds in Europe of $2,500, 000 in 1962 were doubled to $5, 000, 000 in 1963, and are expected to be trebled to $7,500, 000 this year, Moshe Galli, director of Israel Bonds in Europe, told the closing session here of a two day meeting of the European Committee for the Development of Israel.

He attributed the gains to the “fine voluntary work” of the two-year-old European Committee, comprised of Christian and Jewish leaders of France, Britain, Belgium, Holland, Switzerland, West Germany, Austria and Italy. He noted that the committee and its various branches included “not only financiers and businessmen, but also writers, philosophers, Cabinet ministers and churchmen.”

At a press conference, Dr. Joseph J. Schwartz, executive vice-president of the Israel Bond Organization, reported that total sales of Israel bonds throughout the world were $720,000,000.

Baron Edmond de Rothschild, president of the Israel Bond Organization in Europe, presented to the correspondents of the world press here the leading members of the eight-nation European Committee, He said that the meeting here, reviewing the progress of sales of Israel bonds in Europe marked the start of a vigorous new campaign.

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