Four leading Jewish organizations have undertaken to sell $80,000,000 worth of State of Israel Bonds, it was reported today at a meeting of the Board of Governors of the American Financial and Development Corporation for Israel, the organization which is directing the distribution of the State of Israel $500,000,000 Independence Bond Issue.
Rudolf G. Sonneborn, president of the corporation, announced at the meeting held at the Waldorf Astoria Hotel, that Hadassah had undertaken to sell $30,000,000 worth of Israel Bonds through its 300,000 members in various parts of the country. He also declared that the Mizrachi Organization of America had adopted a bond quota of $25,000,000; the Labor Zionist groups, $20,000,000 and the B’nai Zion fraternal order, $5,000,000. He pointed out that these organizational pledges supplemented the intensive drive being carried on by the Zionist Organization of America to sell a total of $100,000,000 State of Israel Bonds.
The future of the State of Israel may be said to depend on the outcome of the Bond Issue,” Dr. Dov Joseph, Minister of Transport and Communications in the government of Israel, told the members of the Board of Governors. Moshe Shapira, Minister of the Interior, also stressed the importance of the Bond Issue in the continuing capacity of the country to absorb an immigration of 200,000 a year.
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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.
