The voluntary loan fund in Israel to help cover war costs has already raised some IL 920 million. This was told yesterday to the Jewish Telegraphic Agency by Knesseter Adi Yaffe, Finance Minister Pinhas Sapir’s special assistant on fund-raising projects. The loan fund has set itself a target of some IL 1300 million. Yaffe expressed confidence that it will be attained. He gave the following breakdown of the fund so far:
IL 100 million from organized groups of employed persons; IL 150 million from the “Histadrut” sector of the economy, which embraces Histadrut-owned companies such as Shikun Ovdim, Solel Boneh, and Koor, as well as the kibbutz based industries; and IL 650 million from private firms and private persons. Yaffe said the fund uses the same methods as those of the United Jewish Appeal: praising and publicizing impressive contributions.
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