Yigal Allon Coming to U.S. to Meet with Israel Bond Leaders

Deputy Prime Minister Yigal Allon of Israel will arrive in the United States on Friday to confer with Jewish leaders on Israel’s present situation, its economic needs and the plans for the 1971 campaign for Israel Bonds, it was announced today by Leo Bernstein, executive vice president of the Israel Bond Organization. Allon, who is also Israel’s Minister of Education and Culture, will be the principal speaker at the 1971 Leadership Mobilization Conference which will meet at the Commodore Hotel on Jan. 16 and 17. Other speakers at the conference will be Ambassador Yitzhak Rabin; Ira Guilden, president of the Israel Bond Organization; Sam Rothberg, general chairman, and Bernstein. The purpose of the conference, Bernstein said, is to draw up a campaign program for the sale of $400 million in Israel Bonds in the United States, Canada and other parts of the free world this year. “Every day that passes accentuates the sensitive role of the economy in Israel’s survival and growth in the midst of the ongoing crisis in the Middle East,” Bernstein declared. “In 1971 the proceeds from the sale of Israel Bonds will have to meet close to 75 percent of Israel’s Development Budget because so much more of Israel’s own revenue and resources will have to be spent on maintaining the country’s defense.”