Housing and development requirements in Israel will call for increased Israel bond sales during the next five years, Dr. Joseph J. Schwartz, vice-president of the Israel Bond Organization, reported today as he returned from campaign conferences in Israel.
Dr. Schwartz conferred with Prime Minister Eshkol, Finance Minister Sapir, who is also the Minister of Commerce and Industry, and other Israel leaders on the eve of the National Fall Planning Conference of Israel Bonds meeting in Washington, next weekend, when more than 500 delegates from the United States and Canada will assemble at the Mayflower Hotel for three days of sessions.
“During the past year Israel has had to increase its allocations for the construction of new housing for immigrants,” Dr. Schwartz declared, explaining that Jews are continuing to enter the country in large numbers. “For the same reason,” he added, the timetable for the settlement of the Negev must be accelerated through wider development activity in the desert region south of Beersheba.
“The leaders of the Government were unanimous in asserting that the Israel Bond campaign in the United States, Canada and other free countries represents the most important outside source of capital for large-scale economic development,” Dr. Schwartz said.
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