Israel bonds have been bought by numerous insurance companies. pension and welfare funds. building funds. and the like. Israel has just launched a new bond issue in this countrythe third development issue. Funds from this new issue will be utilized in the same constructive way as the previous ones. to develop the economy. to absorb immigrants. to reclaim and settle the barren areas in the Negev and elsewhere in the country. They will aid in the economic growth of a land whose rebirth has a dual purpose: The revival of the ancient ideals of the Jewish prophets. combined with modern industrial and scientific development under the aegis of democracy. The history of Israel bonds is an illuminating example of how foreign aid can work. when wisely administered. just as the economic growth of Israel should be a striking example to other undeveloped nations mustering all their resources for growth.
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immigrants