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Israel Bond Conclave to Launch Economic Aid Campaign for Israel

August 14, 1974
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Israeli Defense Minister Shimon Peres will be the principal speaker at the 1974 Fall International Leadership Conference to inaugurate a campaign to provide immediate and large-scale economic aid to Israel through the Israel Bond program. The conference, to be held from Sept. 6-8 at the Sheraton-Mount Royal Hotel in Montreal, will bring together prominent Jewish community leaders from all over the United States and Canada to plan intensified activities for a maximum sale of Israel Bonds during the four most productive months of the year.

Sam Rothberg, general chairman and Michael Arnon, president and chief executive officer of the Israel Bond Organization, who headed a delegation that visited Israel last week at the invitation of Prime Minister Yitzhak Rabin called attention to the grave danger to Israel’s economy posed by mounting inflation and defense expenditures on the highest scale in its history. They emphasized that the conference in Montreal must take its cue from the new economic policy adopted by the Israel government in recent weeks which has placed additional heavy burdens on the people of Israel.

The conferees will consider ways and means to accelerate the pace of the campaign in the coming months. Particular stress will be placed on the special efforts to enroll Shomrei Israel families through the purchase of $1000 or more in Israel Bonds during the observance of Rosh Hashana and Yom Kippur in commemoration of those who fell in the Yom Kippur War.

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