A major effort is underway throughout the United States to turn more than half a million holders of 1967 Israel Bonds into reinvestors for Israel’s economic needs, termed vital now that the treaty between Israel and Egypt has been signed. “Over $140 million in Israel Bonds purchased during 1967, the year of the Six-Day War, will mature during 1979,” said Arthur H. Joseph of Teaneck, N. J., Israel Bonds national reinvestment chairman. “A substantial percentage of these bonds were bought in June, the month of the war, and in the months immediately following. It is vital that these Bonds, purchased out of deep concern for Israel’s survival, now be reinvested in economic development for peace.”
Among the incentives is “advance reinvestment.” a provision approved by the Knesset whereby Israel will accept at full maturity value any 4 percent Bond maturing in 1979 provided that it is reinvested immediately in an Israel Bond of higher denomination. Reinvestment committees are conducting telephone campaigns in communities throughout the U.S. to reach 1967 Bond-holders, Joseph said. The Bond Organization is conducting an information campaign and is running newspaper advertisements to alert Bond holders to the opportunities.
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