Israel paid tribute to Holland this week as the first country in Europe to support Israel’s economic development through the sale of Israel Bonds. Ambassador Shimshon Arad visited The Netherlands’ Finance Minister, Dr. H. J. Witteveen, as Israel prepared to redeem $1,635,000 in coupon bonds of the First Development Issue which were sold in Holland from 1954 to 1959 and matured this month. An additional $570,700 in saving bonds matured earlier. Ambassador Arad delivered to the minister a letter from Israel’s Finance Minister Zeev Sharef expressing appreciation to the people of Holland for “the incomparable way in which they have, from the very beginning, stood by the State of Israel.”
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