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Israel Bond Organization Told Despite Cease-fire Israel’s Economic Needs Still Great

August 14, 1970
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Premier Golda Meir and Finance Minister Pinhas Sapir praised the Israel Bond Organization today and advised it that despite the cease-fire it would have to continue and increase its role in promoting the growth of Israeli industry, agriculture and exports. Following a visit to the Western Wall, the 500 IBO delegates to the conference opening tomorrow were received in the Knesset building by Mr. Sapir, who spoke to them and read them a message from Mrs. Meir. The Premier wrote that while the cease-fire offers hope, however “slight,” for a lasting peace, Israel’s economic needs will be much greater in the coming months and years. “The hope of a negotiated and binding contractual peace animates all our hopes and all our work,” she said. She told the delegates: “Over these 20 years since the Israel Bond Drive began, I have seen your efforts at first hand and worked shoulder to shoulder with many of you. You have a stake in every drop of water we pour into the Negev, in every mile of road built, in every kilowatt of power, in every field and in every factory.” Abraham Feinberg, president of the IBO’s American section said yesterday that “It is our responsibility to make American Jews realize that the needs of peace are just as great as, if not greater, than the needs of war.”

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