A total of $396.8 million was produced by the Israel Bond Organization in 1978 to help finance and advance the economic development of Israel, it was announced by Sam Rothberg, general chairman and Michael Arnon, president and chief executive officer. This makes an increase of $331,540,000, they said, for the fourth successive year, cash receipts from the sale of Israel of Israel Bonds and other Israel securities showed substantial increase over the previous years. The increase in 1978 is the largest achieved in any non-war year.
In analyzing Israel Bond figures for 1978. Arnon emphasized “these show a continued gain in sales to the non-Jewish community in addition to traditional Jewish support. “This increase, he noted,” comes from corporate funds, labor unions, banks and other sources. This demonstrates the solidarity of the business, labor and financial community with Israel and dramatizes their faith in the future of Israel.”
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