Rudolf G. Sonneborn, American Zionist leader, was named today president of the American Financial and Development Corporation for Israel which will conduct the sale of the projected $500,000,000 Israeli Bond Issue in the United States. The nomination was made at a meeting of the board of governors at the Hotel Pierre, presided over by Henry Morgenthau Jr. chairmen of the board.
The meeting was addressed by David Horowitz, Director-General of Israel’s Ministry of Finance who arrived here last Friday by plane from Tel Aviv in connection with plane for launching the Israeli bond issue about May 1st. He emphasized the basic importance of the bond issue for Israel in solving the problems of the absorption and economic integration of large sections of the new population in the Jewish state.
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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.
