Israel Industry in Unpopulated Areas to Be Spurred by Bond Drive

A development program to relocate Israel’s industry as a spur to the settlement of its unpopulated areas will be considered at the national fall planning conference of the Israel Bond Organization which will meet in New York for three days beginning next Friday, it was announced to day by Dr. Joseph J. Schwartz, Israel Bonds vice-president.

The conference, which will mark the launching of the fall phase of the 1965 campaign for the sale of $100,000,000 in Israel Third Development Bonds, will have as its principal speakers Haim J. Zadok, who holds the two portfolios of Commerce and Industry, and Development in the present Israel Cabinet; Sen. Robert F. Kennedy, New York Democrat; and Israel’s Ambassador to Washington, Avraham Harman. The three-day conference will be attended by more than 500 Jewish leaders in the United States and Canada who are serving as members of the Israel Bond Organization’s board of governors and as chairmen of its campaign in the leading communities throughout the country.

Discussing the importance of the conference, Dr. Schwartz declared that the proceeds from the sale of Israel Bonds were of decisive significance in financing the establishment of industrial centers in new development regions in order to promote the economic absorption of new immigrants and to stimulate the dispersal of its population away from the big cities and into the outlying, underdeveloped portions of the country. He said that the extension of Israel’s economic frontiers into hitherto sparsely settled sections was one of the major problems confronting the people of Israel.