F

R ISRAE

DETROIT JEWISH NEWS-3
Friday, December 9, 1955

ORIAL UILDING --- 9:00 A.M.
FEE AND DONUTS SERVED

These securities, though registered, have not been approved or disapproved by the Securities and Exctiange-Commistioni
which does not pass on the merits of any registered securities.!

:eer To
lork!

A

;man

Vork for Israel

Home-*

o.

on Sunday, December Illth,1955

SUNDAY, DECEMBER 11th 1S NATIONAL

ACTION DAY FOR ISRAEL_

On that day, you have a role just as important as the volunteer who will
be calling on you in behalf of Israel Bonds.
You can help to make this day one of the most productive and meaning-
ful days for the economic independence of Israel ... by welcoming the
volunteer who will be bringing you the message of Israel Bonds.
National Action Day for Israel ... Sunday, December 1 1 th . . . will be
an important day in the life of American Jewry. In Jewish communities
throughout America, tens of thousands of Israel Bond volunteers will
be visiting their friends and neighbors.
National Action Day for Israel ... Sunday, December 11th ... will be
an important day in the life .of .the people of Israel. An overwhelming
response in new Israel Bond funds for the purpose of the development
of Israel's economic program will help to strengthen their resolve to keep
the doors of Israel open for tens of thousands of Jewish men, women
and children of North Africa.
Be home on Sunday, December 11th. Keep your door open foT4 the
Israel Bond volunteers.

further information, particularly financial information, is contained in the Registration Statement filed with the corals-
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

WOodward 2-5091

2200 David Stott Bldg., Detroit 26

ti

WAN

STATE OF ISRAEL
,$350,000,000 DEVELOPMENT
BOND ISSUE

This issue is intended to promote the economic
development of the State of Israel. Its proceeds
are to be used for the purchase of machinery, raw
materials, equipment and other items designed to
increase the country's productive facilities. It is
proposed to allocate the proceeds (in millions of
L dollars) as follows:
Agriculture
$108
Industry and Power
140
Transportation
32
Housing
20
Reserve and Flotation Costs
50

Other sources of income for Israel at35
ein
0 tet-
fovernmental 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), payments

$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:

Riceipts

Expen-
ditures

April 1, '51 - Mar. 31, '52
196.3
209.0
April 1, '52 - Mar. 31, '53
287.3
280.9
April 1, '53 - Mar. 31, '54
402.2
384.1
April 1, '54 - Dec. 31, '54
443.1
372.8
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 Year 4% Dollar 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

Please indicate on the coupon below the hours you will be WW1*
Sunday, December 11th, and mail it to the Israel Bond office.

I

....r.4 ■ 1101kelt

Grand Marshal
National Action Day for Israel

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

I

will be home on National Action Day for Israel,
A.M.
A.M.
Dec. 11, 1955 from
P M
M.,

Name

Address

Telephone Number

City

State

(Please fill in and mail this coupon now.)

This is not a prospectus or an offer to sell or a solicitation of offers to buy these securities. The offering is made only by the Prospectin g