A total of $2,950,000 in Israel bonds was sold by the Zionist Organization of America in the metropolitan area of New York during 1957, it was reported here today at a ZOA leadership conference held at the Hotel Plaza. It was also reported that since the inception of the Israel bond campaign in 1951, ZOA members sold over $100,000,000 worth of bonds.
Dr. Emanuel Neumann, ZOA president, addressing the conference, warned against undue optimism based on the present apparent tranquility on Israel’s borders, since no settlement has been attained. He said that pressures are still being exerted in various quarters for a settlement at the expense of Israel, and if no open or active moves are being made at the moment it is purely for reasons of expediency.
Asserting that the economic front is one of the major fronts on which Israel’s future is at stake. Dr. Neumann emphasized that Zionists as a “disciplined and devoted force” will do their full share for Israel bonds in 1958. Mordecai Kidron, Israel delegate to the United Nations, stressed the vital importance of bonds in the economic development of the country, in the exploitation of natural resources, building of ports, railroads aid air transports, and the increase of trade with the Asian and African nations.
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