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Dr. Schwartz Envisages Bond Drive Reaching Peak Figure This Year

On the eve of the launching of the fall campaign for Israel Bonds, Dr. Joseph J. Schwartz, executive vice-president of the Israel Bond Organization, conferred today with Prime Minister Levi Eshkol and Finance Minister Pinhas Sapir on current economic problems and the need for the expansion of Israel’s export trade.

In addition to discussing the role of Israel Bonds in financing various development projects including harbor expansion, irrigation and plans for increasing employment opportunities for new settlers in development towns, Dr. Schwartz reported on the progress of the Israel Bond campaign in the first eight months of 1966, and the prospects for the balance of the year.

The Israel Bond leader declared that sales so far this year show an encouraging increase over the results of last year. If the campaign maintains the same pace in the period from September through December, Dr. Schwartz added, “we shall come very close to ringing up a record total of more than $100, 000, 000 in Israel Bond receipts for 1966. ” In 1965, the sale of $91, 300, 000 represented the highest figure ever realized in the 15-year history of the Israel Bond campaign.