Levi Eshkol, Israel Minister of Finance, spent the Shevuoth holiday with Pinhas Lavon, Minister without Portfolio, and Ambassador Abba Eban here, where they conferred with the leaders of the State of Israel Bond Organization regarding the future of the present Bond Issue and the possibilities for a new Israel Bond Issue in the United States.
In stating the position of the Israel Government, Mr. Eshkol declared that there could be no question as to the desirability or the necessity of a continuation of public financing of the type of the Independence Bond Issue. He said that this source of foreign currency was important, since Israel had reached only the middle of the road in its progress toward the full development of its economic possibilities. Mr. Eshkol stressed that the Israel Bond Issue had achieved a measure of success “far beyond all expectations.”
Among those who participated in the discussions were Dr. Nahum Goldmann, chairman of the Jewish Agency; Rudolf G. Sonneborn, president, Julian B. Venezky, chairman of the executive committee, and Henry Montor, vice-president of the Israel Bond drive; Henry Morgenthau, Jr. chairman of the board of governors of Israel Bonds; Dr. Martin Rosenbluth, representative in the Western Hemisphere of the Treasury of Israel, and others.
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