Dr. Joseph J. Schwartz, vice president of the Israel Bond Organization announced today that the registration of a new $300,000,000 issue of State of Israel Bonds has been made effective by the Securities and Exchange Commission. The new issue will be formally launched at the 1959 Inaugural Conference for Israel Bonds, meeting in Miami Beach on March 6.
The new issue was authorized by the Parliament last November. It is officially designated as Second Development Bonds. It includes Fifteen-Year Dollar Coupon Bonds, which pay four percent interest per annum, and Dollar Savings Bonds. which mature after ten years at 150 percent of the purchase price. The Coupon Bonds are issued in denominations from $500 to $100,000; the issue prices of the Savings Bonds range from $100 to $10,000.
A feature of the inaugural conference will be a dinner in honor of Mrs. Golda Meir, Israel Foreign Minister, who arrived here this week-end on a four-week visit to the United States in behalf of the Bond Drive and the United Jewish Appeal. She will confer with leaders here on the financial problems confronting Israel in the reception and absorption of large-scale immigration from Eastern Europe.
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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.
