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Israel Bonds to Raise $642 M

October 16, 1973
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Following an urgent meeting last night with Israel’s Finance Minister Pinhas Sapir, the National Campaign Cabinet of the Israel Bond Organization adopted a decision to place the Israel Bond campaign on an emergency basis in order to provide the full amount of Israel’s current development budget of $642 million, it was announced by Sam Rothberg. More than 150 Jewish leaders from the United States and Canada, who comprise the National Campaign Cabinet of Israel Bonds, conferred with Sapir. The Finance Minister estimated that Israel was spending more than $1 billion a week on its war of survival since the Egyptians and Syrians launched their attack. Rothberg said that more than $150 million in Israel Bonds has been sold in the eight days since the outbreak of the war.

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