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Pace 5 THE SOUTH ERN KRA ELTT E, June 8,1973
ISRAEL BONDS
Meaning and Purpose
By Or. William E. Schatten
(Dr. Schatten ia again serving as chairman of the Bonds for Israel
Campaign in Atlanta. EDITOR)
Israel’s economic development
depends, in large measure, on a
world-wide, people-to-people
program of investment through the
scale of Bonds. Rather than ask
for government handouts in aid
from foreign capitals, Israel seeks
to build an atmosphere of self-
reliance and dignity among her
people by borrowing for invest
ment money which must be
paid back - with interest.
Israel has a record of redemp
tions second to none. She
has never faulted on a loan
in her 25 year history.
It is worth noting that Israel’s
purchases of goods and services in
this country far out-distance the
sale of Bonds plus our imports
from this tiny democracy. Thus,
the balance of payments between
our country and Israel is very
much in favor of the United
States. The monies loaned to the
State of Israel through the
purchase of bonds provide dollar
credit for the Government of
Israel, with which it can purchase
American goods, thus helping to
provide jobs and business for the
American economy.
The Israel Bond Organization
now stands on the threshhold of its
22nd year of achievement. And to
day, the program is more urgent
and vital than before. The high
cost of defense and the need to ab-
sor** rtre
migrants from Soviet Russia and
other countries, have put an enor
mous strain on Israel's economy.
The strength provided by Bonds
has heped Israel emerge from
crisis after crisis. The Israel Bond
campaign for 1973 seeks to help
fulfill Israel’s three basic needs; a
strong economy to prevent another
war, economic expansion to
provide for the growing need for
jobs, and the upgrading of
economic opportunities of the
depressed segment of the popula
tion.
Through Bonds, Israel’s highest
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aspirations for peace,
brotherhood, progress and securi
ty, can be translated into reality.
Israel Bonds are a public loan to
the people of Israel. They are an
investment in its development —
vital to its security and its capacity
to receive continued large im
migration. They are an investment
in the future of the Jewish people
— yours and mine too. We must
recognize that our destiny will in a
large measure be determined by
Israel’s future.
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COLLECT (305) 834-5521
Other information (in Atlanta) call Harry
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Mrs. Golda Meir, Prime
Minister of Israel, recently stated
that, “Internal stability, social im
provements and economic
development are as important for
our survival as diplomatic and
military readiness, and we look to
Israel Bonds to give us the capital
needed to continue these ad
vances." She concluded by saying,
“There is no better way to
celebrate the 25th anniversary of
the State of Israel than by reaffir
ming our partnership with the
State of Israel by buying Israel
Bonds to commemorate this oc
casion."
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