32—DETROIT JEWISH NEWS

Friday, December 9, 1955

BE A VOLuNtir

If DE

UNIVERSITY OF DETROIT MEN
FAIRFIELD AT GROVE COI

'These securities, though registered, have not been approved or disapproved by the Securities and Exchange Commission,
which does not pass on the merits of any registered securities.

Give
Israel
the
Green Light...

Volun

by selling Israel .13onds
on Sunday, December 11th, 1955

VOLUNTEER TODAY FOR NATIONAL ACTION DAY FOR ISRAEL

In

hundreds of Jewish communities, thousands of
volunteers will devote Sunday, December 1 1 th to
a concerted sale of Israel Bonds.

ity so as to take care of the additional immi-
gration so desperately needed for North
African Jewry

By joining as a volunteer in your community, you
will have a key role in the creative results for Israel's
growth on National Action Day for Israel.

• to go ahead with building greater stability and
security now, when it is most vital

• to go ahead with further development toward
economic independence

• to utilize in full measure its productive capac-

Your sales of Israel Bonds on Sunday, December
1 1 th will be the most decisive answer to Israel's
problems.

Volunteer today for National Action Day for Israel.
Please fill out and mail the volunteer enrollment
coupon below without delay.

Further information, particularly financial information, is contained in the Registration Statement filed with the commis-
sion and in a more complete Prospectus which must be furnished to each purchaser and is obtained from the undersigned.
Orders for Bonds may be placed at, and Prospectuses obtained from: Development Corporation for Israel,

STATE OF ISRAEL BONDS

2200 David Stott Bldg., Detroit 26 WO 2-5091

STATE

ISRAEL

OF
$350,000,000 DEVELOPMENT

.

BOND ISSUE

this issue is intended to promote the eeonomic
development of the State of Israel. Its proceeds
'*re to be used for the purchase of machinery, raw
aterials, equipment and other items designed to
crease the country'S productive facilities. It is
'proposed to allocate the proceeds (in millions of
dollars) as 'follows:
$108
Agriculture
140
Industry and Power
32
Transportation
20
Housing
50
Reserve and Flotation Costs •
$350
•
Other sources of income for Israel are inter-
,
governmental grants in aid, gift funds, private
investments and German reparations.
Receipts and payments on current account
(in millions of dollars) were as follows: 1952,
receipts $67.0 (of which $23.0 were from the
United States), payments $358.0 (of which $149.8
were to the United States); 1953, receipts $85.7
(of which $27.7 were from the United States),
payments $334.7 (of which. $130.0 were to the
United States); 1954, receipts $128.5 (of which
$29.8 were from the United States), payment

In

$357.4 (of which $114.6 were to the United States).
As of December 31, 1954, funded debt was IL
278 million $ (U.S.) 319 million, Belgian francs
45 million, pounds sterling 9 million, and minor
amounts in other currencies.
The Government budgets have been as fol-
lows, in millions of IL:

Receipts

Expen-
ditures

209.0
196.3
April I, '5i -Mar. 31, '52
280.9
287.3.
April 1, '52 - Mar. 31, '53
384.1
402.2
.April 1, '53 - Mar. 31, '54
372.8
443.1
April 1, '54 - Dec. 31, '54
Development Corporation for Israel, 215
Fourth Avenue, New York, New York is the
underwriter for the issue. Commissions or dis-
counts are 6%. The State also bears certain other
expenses in connection with the flotation.
Two types of Bonds are offered at par as
follows:
(a) Interest Bearing Bonds Denominated as Fif-
teen Y..ar 4% s)ollar Coupon Bonds, Interest
payable July 1 and January 1.
Denominations: $500; $1,000; $2,500; $5,000;
$10,000; $25,000; $100,000
(b) Capital Appreciation Bonds Denominated as
Ten Year Dollar Savings Bonds, Maturity Value:
150% of issue amount.
Denominations: $100; $250; $500; $1,000; $2,500;
$5,000; $10,000

:Ibis is not a prospectus or an offer to sell or a solicitation

le

• to go ahead with the economic measures neces-
sary to strengthen it to meet the Arab boycott
and blockade

As a volunteer for Israel Bonds on National Action
Day for Israel, you will be giving Israel the green
light

• to go ahead with the search for new natural
resources

B1!

Please fill in and mail this coupon to the State. of Israel Bond offled.

r

Grand Marshal
National Action Day for Israel

If You Can't

Be Ai

wEL

State of Israel Bonds
2200 David Stott Bldg., Detroit 26

I shall be pleased to serve as a volunteer
for Israel on National Action Day for Israel,
Sunday, December 1 1 th, 1955. Please add my
name to the honor roll of those who will devote
that day to service for Israel by furthering the
sale of State of Israel Bonds.

Name

Address

Telephone Number

City

State

Of Offefs to buy these securities. The .offering is made only by the Prospectus.

SAit