Israel Bond Organization Votes to Raise $500 Million in Next 16 Months
TEL AVIV (JTA)—The 500 dele-
gates attending the Israel Board
Organization's anniversary con-
ference Sunday night voted un-
animously to raise $500,000,000
within the next 16 months.
They called upon world Jewry
to declare "a state of mobiliza-
tion" for Israel's economic sur-
vival in the midst of an "unbeliev-
able" escalation of its defense
budget.
Conference President Samuel
Rothberg urged Jewish communi-
ties throughout the world to dis-
card previous criteria of financial
support of Israel in order to
achieve this "unprecedented goal."
Abraham Feinberg, president of
the Bond Organization, warned
that failure to reach the goal
would be tragic and could negate
all that has happened in the last
22 years.
In separate resolutions, the
conference paid tribute to Henry
Montor, who organized Israel
Bonds and headed the organiza-
tion for its first five years, and
to Dr. Joseph Schwartz who
succeeded him and who retired
this year after 15 years as head
of the organization.
Earlier in the day, the delegates
attended the cornerstone cere-
mony of the $40,000,000 oil refin-
ery which is being constructed in
Ashdod as a subsidiary of the
Haifa refinery. ISO will raise
$20,000,000 of this amount.
The new refinery is expected to
he in operation within two to thr?e
years. In its first stages, the re-
finery will have an output of 72,000
barrels a day and a storage
capacity of 200,000 tons. At the
Northland
Lot G
Eastland
Lot 4
60.34,
Lure generations." But she cau-
ceremony, Finance Minister Pin-
tioned "our friends in the world"
has Sapir told the delegates, the
that "if they want the negotia-
Haifa refinery operation was suc-
tions to be fruitful they must do
cessful beyond expectation. It was
everything so that Israel can sit
now producing five times more
at the negotiations table as a
than when it had been bought 11
strong state and not as a weak
years ago.
one."
Premier Golda Meir said Sun-
Israel's "friends," she continued,
day night that Israel was "head-
ing towards so-called peace nego- "have a choice—either help us in
tiations with the sincere desire
and hope of reaching peace agree- THE DETROIT JEWISH NEWS
ments," but that her nation was
"determined to defend every sin-
gle right exactly as all powerful
nations have the right to defend
their security."
She told the delegates that Is-
rael wanted "real peace and not
make-believe settlements," so that
"future generations will not have
to go to war again and again."
That, she said was her coun-
try's "sacred duty to our young
people and the children of fu-
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our struggle or see us struggle
alone."
Mrs. Meir said Israeli pilots in
enemy captivity were holding onto
their military act to draw the in-
formation out of them.
The premier said Israel must re-
main strong because at the first
sign of weakness she will lose all
her "friends."
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