The goal of another $500,000,000 in Israel Bond sales in the next seven years was set yesterday by Jewish communal leaders from the United States, Canada and Latin America attending a conference sponsored by the Israel Bond Organization. A total of $500,190,000 in bonds have been sold since the first campaign in 1951.
Dr. Joseph J. Schwartz, executive vice-president of the Israel Bond Organization, said that achievement of sales of the second half billion dollars would make it possible for Israel to populate the Negev. He called this “the next big step in the country’s steady march to economic independence.”
He also told the Jewish leaders that the projected sales of bonds would enable Israel to absorb a second million newcomers and complete other vital projects. One million immigrants have come to Israel in 13 years of statehood.
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