A total of $603 million in cash proceeds for Israel’s economic development, which represents an increase of $98 million over 1985 results and close to $200 million more than 1984 sales, has been announced by the Israel Bond Organization.
The announcement was made by David Hermelin of Detroit, international campaign chairman, and William Belzberg, national chairman, who described the 1986 accomplishment as “the most productive Bond campaign by far in the 35-year history of our organization.”
They declared that the $603 million response in 1986, which included sales of Israel Bond securities in the United States, Canada, and countries in Western Europe and Latin America, “demonstrated the continuing partnership with Israel by Jewish communities in all the countries where we conduct our Bond effort. In addition, it expresses the confidence of thousands of institutional investors, including banks, pension funds, and employee benefit funds, in Israel’s economic future.”
The Bond leaders praised the president and chief executive officer of the Bond Organization, Gen. Yehudah Halevy, “who was responsible for this great success and for the excellence of his leadership and management of the campaign all over the world.”
In a cable to Israel Finance Minister Moshe Nissim, they joined with Halevy in “expressing the hope that our outstanding 1986 results will help Israel move forward from the economic stability achieved this year to further new growth.”
In addition to its record Bond sales in 1986, the Bond Organization, in response to a request by the government of Israel, volunteered to accept an additional task and under its auspices, a total of 131 delegations, of which 107 were synagogue groups, visited Israel during the past year.
There will be no Bulletin dated January 19, Martin Luther King, Jr. Day, a postal holiday.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
