Jewish Post, Indianapolis, Marion County, 6 January 1978 — Page 2
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Fritz Goldbach Takes On Collection For Bonds
5 (Continued from previous page) iand is chairman of the Temple’s ° dues committee. 4- Goldbach, who fled Germany o shortly before World War II, and £ his wife Caroline are the parents of CO
two daughters, Anne and Lisa. IN ACCEPTING the post of Cash Chairman, Goldbach said, “We ask the community to share in helping Israel to face its challenges and alleviate its
economic difficulties. When you buy an Israel Bond you lend monev to the State of Israel to help it grow and develop. A cessation in the flow of these investments could threaten the very foundation of the
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nation’s economy. That is why it is so vital that a maximum amount of cash be mobilized quickly througn the Israel Bond program.’’ He noted that the financial drain on Israel’s economy is caused by the balance of payments deficit resulting mainly from high defense expenditures. “To revitalize Israel’s economy,” he stated, “it must have sufficient resources to further increase production for export in order to reduce its trade deficit.” GOLDBACH POINTED OUT that the Israel Government’s new economic policy had further increased taxes and the regime of austerity necessary to reduce consumption and improve Israel’s export trade. The Israel Bond campaign has provided a total of $3.8 billion since
1951 for the economic development of Israel, helping to finance industrial and agricultural expansion, the construction of highways and harbors, the development of communications and transportation, the exploitation of natural resources, and the search for new sources of energy to reduce Israel’s dependence on oil imports. Bayh to Speak In Evansville EVANSILLE-Sen. Birch Bayh will report on his recent trip to the Middle East at services at 8 p.m. Friday, Jan. 13 at the Washington Ave. Temple. His subject will be, “Peace in The Middle East.” A reception will follow services, and the entire community has been invited.
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