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$1,750,000 in Israel Bonds Sold at New York Luncheon to Aid Israel

“Israel’s victory in 15 hours over three strong enemy armies was not only a victory for Israelis or Jews as their fellow-brothers, but also for the entire free world.” Pinchas Sapir, Finance Minister of Israel, declared at an Israel Bond luncheon resulting in the purchase of $1,750,000 in Israel bonds. The meeting was attended by trade union leaders here.

Mr. Sapir said that “we have reason to be proud and the entire free world has reason to be proud of Israel’s achievements this past week. As an Israeli, as a Jew and as the father of children in the Israeli army, I can tell you that the free world should be proud of what Israel has done.”

Mr. Sapir told the trade union leaders which was an advance meeting for a tribute to New York State Comptroller Arthur Levitt, that he had increased the income tax of the people of Israel by 10 percent and had called for a voluntary loan of $80,000,000. “Israel bond money will help us in financing new settlements and industry and will strengthen the democratic state of Israel at this critical time in its history,” he said.

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