In 1980 the Israel Bond Organization produced record cash receipts amounting to $421,961,000, the largest sum realized in any year with the exception of 1973, the year of the Yom Kippur War, in the sale of securities for Israel’s economic development, it was announced by Sam Rothberg, general chairman.
These proceeds brought to $5.1 billion the total funds channelled into Israel’s development budget by the Israel Bond Organization since its founding 30 years ago, he said. The past year’s results represented an increase of $27.4 million over the 1979 sales figure of $394.5 million.
“Despite high interest rates and unfavorable economic conditions in the United States and other countries where Israel Bonds are sold,” Rothberg pointed out, “friends of Israel continued to express their support by purchasing substantial amounts of 4 percent Bonds and other instruments.”
In addition to Jewish community support, the 1980 proceeds showed an increase of participation in the non-Jewish community. Purchases by banks, employee benefit funds, labor unions, insurance companies, and other institutions demonstrated their confidence in Israel’s economic future and the importance which they attach to reinforcing the economic foundations of Israel as a stronghold of democracy in the Middle East,” he declared.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
