Steps to provide large-scale financial aid to Israel to reduce an overwhelming balance of payments deficit and to create jobs for new immigrants from the Soviet Union were on the top of the agenda of the opening session tonight of the 1976 International Inaugural Conference of State of Israel Bonds attended by more than 1000 Jewish leaders from the United States and Canada.
Sam Rothberg, general chairman of the Israel Bond Organization, who presided, declared that Israel is confronted by serious economic problems at the present time. Chaim Herzog, Israel’s ambassador to the United Nations, the principal speaker tonight, reviewed the dramatic developments of recent months in the General Assembly and Security Council of the United Nations.
Plans for extending the scope of the Israel Bond campaign in the Jewish community, as well as in the general area of business and labor organizations, will be formulated at a campaign session tomorrow afternoon. The closing session of the conference will take place on Saturday evening when Israeli Foreign Minister Yigal Allon will be the guest of honor and principal speaker at the 1976 campaign inaugural dinner.
Michael Arnon, president of the Israel Bond Organization, declared that this year’s conference is one of the most important in the history of the Israel Bond drive, serving as “the rallying point for total Jewish mobilization to meet the all-out political and economic Arab offensive against Israel.”
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