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New Investment Group for Israel Formed in Los Angeles; Announces Aims

June 22, 1966
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Capital for Israel, Inc., a new financial aid project for Israel based on investments, was launched here at a dinner which raised $720,000 for purchase of stock in the Industrial Development Bank of Israel.

Some 900 guests met to honor Louis H. Boyar, chairman of the Board of Governors of State of Israel Bonds and chairman of the Bonds of Israel Investors Corporation. Mr. Boyar will head Capital for Israel which aims to raise between $25,000,000 and $50,000,000 a year in the United States for industrial development in Israel.

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