6--Friday, September 22, '1967
$500 Million Israel Bond Issue Launched
NEW YORK (JTA) — The sale
of a new issue of $500,000,000 in
State of Israel Bonds to help open
up "a new era of economic develop-
ment and progress for Israel" was
launched Sunday at the closing ses-
sion of a three-day National Mo-
bilization Conference for Economic
Development.
Louis H. Boyar of Los Angeles,
chairman of the board of governors
of the Israel Bond Organization,
declared that the new bond issue—
the Fourth Development Issue —
would provide the resources for
the recovery of Israel's economy
from the dislocations of the recent
hostilities and for the expansion
of industrial development to im-
prove her balance of trade.
The new issue was originally
to have been floated at the end
of 1968, but the date had to be
advanced because of the sharp
increase in the sale of Israel
Bonds following the summer war
crisis in Israel, exhausting the
THE DETROIT JEWISH NEWS
Global Publishers Parley Finally Meets in Israel
Dr. Schwartz said that of the
war broke out.
(Direct JTA Teletype Wire
to The Jewish News)
total sale, $151,617,750 was sold
Addressing the opening session
in the United States, as compared
JERUSALEM — Delayed by Tuesday morning, Prime Minister
with $41,795,500 during the same the outbreak of the Six-Day War Levi Eshkol praised newspapers
period in 1966; $4,848,800 was sold last June, the annual convention which, in spite of some govern-
in Canada as compared with $2,- of the International Association of ment attitudes which had followed
791,950; and $14,790,050 in other Newspaper Publishers opened an anti-Israel policy during the
countries of the free world, as here Tuesday with more than 100 war, "had taken an independent
compared with $5,559,100. The publishers from most of the West- stand." With French publishers
worldwide total for the period from ern countries participating. Ori- present, it was assumed that Esh-
In a cable to the conference Jan. 1 through Sept. 12 last year ginally, the parley was to have kol's remarks were aimed parti-
Prime Minister Levi Eshkol of Is- was $50,146,550, he noted.
opened here June 5, the day the cularly at the French press.
rael called for widespread support
of the new Israel Bond issue, de-
CITY of 1-40PE DOOR-
claring that "Israel Bond funds
DOW"' WAIT FOR.
BELL CAMPAIGN is
are more critical today than ever,
if we are to Make our victory
TOMORROW BUT STA T
SEPTEMBER 2*-25. -26
meaningful."
• • • Ti—i^roe
F1 6147 AWAY... TO DO
VOL; LI SA 1
Earlier, Dr. Joseph J. Schwartz,
SOME KINDNESS FOR
vice-president of the Israel Bond
SOMEONE TODAY !
Organization, announced that pro-
ceeds from the sale of Israel Bonds
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from Jan. 1 through Sept. -12 had
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reached the record figure of $171,-
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256,600—the largest amount 'rea-
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lized in any year since the bond
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drive was established 16 years ago.
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third issue. More than 500 Jew-
ish leaders from the United
States and Canada voted unani-
mously to adopt a minimum
quota of "$78,743,400 in sales of
the new issue between now and
the end of 1967. The balance of
the new issue is to be sold in
1968 and thereafter.
,
e.
Aggregate Value of Jewish Communal
Services Totals $725 Million in 1965
NEW YORK (STA) — The ag- ter income by about $16,000,00, the
gregate value of Jewish communal report indicated.
services in the United States was
more than $725,000,000 in 1965,
according to an estimate by the
Council of Jewish Federations and
Welfare Funds.
The data were assembled in a
report on "Jewish Communal
Services: Programs and Finances"
by S. P. Goldberg. The total ex-
cluded almost all endowment in-
come of Jewish federations and
local agencies, all local capital fund
campaigns and all internal congre-
gational operating expense. Costs
of Jewish education probably were
understated in the total, the re-
port added. The total referred to
aggregates of major sources of in-
come, such as annual campaigns,
service payments and public tax
funds received by various types
of Jewish service agencies.
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BUILT TO BLISS STANDARDS
BY SKILLED ISRAELI WORKMEN
Surveying the history of Jew-
ish communal service income
and costs during the 1955-65
decade, the report said that such
income and costs rose-more than
$340,000,000 in that period, that
federation campaigns produced
$22,000,000 more, non-local Jew-
ish organizations raised $51,000,-
000 more, community chest
grants to local Jewish services
increased by $9,000,000 and Jew-
ish hospital income rose by
$170,000,000.
The increased income collected
by nonlocal Jewish g r o u ps in-
chided $4,300,000 for the Israel
Education Fund of the United
Jewish Appeal; S12,000,000 more
for Brandeis University: S6,300,000
more for Yeshiva University;
55,300,000 more for the Conserva-
tive and Reform theological cam-
paigns; $4,500,000 more for City
of Hope Hospital and National
Jewish Hospital; $6,200,000 more
for three institutions of higher ed-
ucation in Israel; $1,700,000 more
each for Bnai Brith National Youth
Service Appeal nd the American
Israel Cultural Foundation; and
$1,000,000 more each for the Amer-
ican Jewish Committee, the Anti-
Defamation League of Bnai Brith,
ORT and Hadassah.
Other non-contributed income —
including earnings, investments,
service payments and government
grants — rose by $50,000,000, of
which $34,000,000 was accounted
for by Brandeis University and
Yeshiva University, according to
the CJFWF report; and grants by
community chests to local Jewish
services rose by almost $9,000,000.
Hospital income rose by at least
$170,000,000, aged care income by
about $25,000,000 and Jewish cen-
Jesus' Life Portrayed
in Fictional Account
A fictional account of Jesus' life
is given in the new novel by Carlos
hfonterosso, "The Salt of the
Earth." The novel has already
been acclaimed in Italy. It will be
published in the U.S. Sept. 29 by
Prentice-Hall.
sgr2r"=sillt211"
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