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World-wide Israel Bond Drive Totals More Than $1.5 Billion During Past 20 Years

The Twentieth Anniversary conference of the Israel Bond drive will be held in Jerusalem from August 14-28, Finance Minister Pinhas Saplr announced yesterday. U.S. Bond Drive chairman Sam Rothberg told the press In Jerusalem that more than $1.5 billion dollars worth of bonds have been sold throughout the world during the past 20 years. In the first six months of this year sales have reached $88 million, more than 18 percent higher than last year. By the end of the year It Is hoped that about $200 million will have been sold. Eighty-five percent of all sales have been made in the U.S. Mr, Rothberg said so far $700 million has been redeemed. Of this, some $60 million was spent by tourists in Israel, $140 million was given as gifts to the Jewish Agency and other institutions in Israel and $115 million of bonds were converted into Israeli pounds and invested in local Industries.