Israel Bonds Convenes Session to Plan Most Important Campaign in Its History

Plans for what leaders of the Israel Bond Organization say will be “the most important Bonds campaign in our history” will be formulated here January 12, at a planning conference to be held here by the organization’s board of governors, it was announced today. Louis H. Boyar, chairman of the board, announcing the plans, said that more than 400 Jewish leaders from the United States and Canada will attend the all-day meeting, to be held at the Hotel Commodore. Mr. Boyar stated:

“The 1968 Israel Bond campaign will be the most important in our history not only because of the crucial developments in Israel in 1967, but also because, in the year of Israel’s 20th anniversary, its people will look to the Israel Bond Organization to provide an increased flow of investment funds to initiate a well-planned expansion of its economy in the third decade of statehood.”

In September, 1967, three months after the end of the June War, the Government of Israel launched a new $500,000,000 Israel Bond Issue through the Israel Bond Organization in the United States and other countries of the free world. This action, dictated by the record response to the Israel Bond drive as a result of the emergency situation, was taken to assure the uninterrupted supply of dollars for Israel’s development program in the postwar period.

“Today,” Mr. Boyar continued, “the Government of Israel finds itself confronted with enlarged economic needs as an aftermath of the events of last summer. Furthermore, the present situation in Israel has also increased, to a much larger degree than ever before, Israel’s dependence on Israel Bonds to meet the normal demands of its development program. Under these circumstances, it will be our responsibility in 1968 to wage the kind of total campaign that will bring about the sale of the largest portion of the $500,000,000 Fourth Development Issue that was inaugurated only three months ago.”