The national economic conference on Israel, which will open here tomorrow with the participation of 800 delegates from all parts of the country, will mark official launching of a nationwide drive for the sale of Israeli bonds to foster Israel’s economic development, Henry Morgenthau, Jr., said today.
“While Israel may at the present time have to endure difficulties because of limitations on food imports,” he declared, “the emphasis which its people and government are placing on economic development is the best assurance for a prosperous and creative future.” Mr. Morgenthau, who is chairman of the board of governors of the American Financial and Development Corporation for Israel, said that “the Israel bond is an investment in the solid achievements of a people with an indomitable to achieve a free and self-sustaining existence.”
The conference, which will meet at the Hotel Shoreham, will deal with the progress made in the economic growth of Israel, current pressures on the economy resulting from continued immigration and plans to expand industrial and agricultural production to feed and integrate a population expected to reach 2,000,000 by 1953.
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