Plans for the first international conference to provide economic aid for Israel were drawn up today at a meeting of the executive committee of the State of Israel Bond Organization.
The conference, at which American Jewish leaders will meet with delegations from Canada, Western Europe and Latin America, will be held at the Mayflower Hotel in Washington, from Friday, March 26th, through Sunday, March 28th.
The executive committee made its decision on the basis of an agreement reached between Prime Minister Moshe Sharett of Israel and Henry Montor, chief executive officer of the Israel Bond Organization, whom the Prime Minister invited to Jerusalem for discussions on the future of Israel Bond campaigns in the United States and other parts of the world.
Mr. Montor declared that the three-day Washington conference would mark the international inauguration of the new Israel Development Bond Issue which will seek to raise $75,000,000 in 1954 as part of a total of $350,000,000 to be floated in Israel Bonds in the next few years for industrial and agricultural expansion.
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