Search JTA's historical archive dating back to 1923

Israel Bonds to Promote Development of Reunited Jerusalem

February 10, 1977
See Original Daily Bulletin From This Date
Advertisement

The development of Jerusalem, which is celebrating the 10th anniversary of its reunification this year, will be a major objective of the 1977 campaign for the sale of State of Israel Bonds, it was announced by Sam Rothberg, general chairman of the Israel Bond Organization.

The 1977 drive will have its North American launching Feb. 19 in Miami Beach. More than 500 leaders from the Unite and Canada will take part in initiating the enrollment of top subscribers from $10,000 to $100,000 and over to promote Israel’s economic development. Former Defense Minister Moshe Dayan will be the guest speaker. Another major aspect of the 1977 drive will be the support of increased production for export to take advantage of the open door for Israel goods in the Common Market countries beginning next July, Rothberg said.

He emphasized the importance of the development of Jerusalem as Israel’s capital and reported that Israel Bonds helped to provide for the economic integration of a population increase of 120,000 persons in Jerusalem, Rothberg stated that Israel-Bond funds must also help finance the search for new sources of energy to free Israel from the need to spend approximately $700 million a year for oil imports, He said Israel’s intensive efforts to find substitutes for oil are expected to result in the wider use of solar energy and to stimulate the program for the generation of hydroelectric power.

Recommended from JTA

Advertisement