JERUSALEM (Apr. 5)
Israel Bond Organization national officers, meeting here at the concluding session of their week-long 1987 leadership conference in Israel, reported that the Jonathan Pollard spy case has not affected bond sales in either the Jewish or non-Jewish communities in the United States. There had been some media reports that the Bond Organization has taken a low profile in the U.S. since the exposure of the Pollard case.
On the contrary, said Yehuda Halevy, president of the Bond Organization, “Our bond sales are going full speed ahead at an even better rate than last year’s record of $603 million. We have targeted $700 million for this year and we hope to achieve it.” David Hermelin, international chairman, said the Bond Organization has two ways of checking grass-roots reaction. There is either an immediate response from individuals who won’t honor pledges or there is a drop in cash flow. Neither has happened, he said.
As proof of the cash flow maintenance, Julian Venezky, chairman of the Board, pointed out that $148.8 million had been invested in the first quarter of this year, a 40 percent increase over the same period last year.