Israel's Role in Gold Crisis Evaluated by Its Experts JERUSALEM (JTA) — Israel's that the number of travellers re- financial leaders were confident questing francs is small. (The Christian Science Monitor that the world gold crisis and the measures taken in Washington to noted the "surprising stability" of alleviate it will have no direct ef- the Israeli market in the gold crisis fect on Israel's economy. Finance and reported that "Israelis have Minister Pinhas Sapir and David not joined the Western European Horowitz, governor of the Bank stampede into imperishable goods." of Israel, said the action by the It declared that "the Israeli mar- United States and six Western ket has been showing unwavering European countries to establish a confidence in the United States two price system for gold has re- dollar.") duced the danger of a devalued dollar and, consequently of a fur- ther devalued Israel pound which is pegged to the dollar: • In an address at the Hebrew University Sunday, Horowitz said that the move in Washington re- 1 Jetted a trend toward the crea- ion of a new medium for inter- ___tational payments which would be divorced from gold. Sapir told a ministerial committee on economic ffairs that a world conference of 1 01 -L e newish business leaders called by Prime Minister Eshkol would open Please do your here on schedule next month de- spite the gold crisis. shopping early. Israelis leaving for Europe on vacations or business trips are ask- ing the banks for their foreign cur- rency allowance in Swiss francs WE DELIVER — UN 1-4770 instead of U.S. dollars. The prefer- ence for other currency is a re- sult of the rush on gold and its possible affect on the U.S. dollar in the European market, observers noted here. They said, however, French Industrialist Says Majority Support Israel JERUSALEM (JTA) — E iii i 1 Roche, president of the French Parliamentary Economic and Social Committee, said here Monday night that a majority of the French people support Israel. Roche arrived here at the head of a 16-man French delegation which will discuss various indus- trial projects in Israel. The mem- bers are all industrialists and agri- cultural experts. They were re- ceived by President Shazar. KAPLAN BROS. Friday, March 22, 1968-3 THE DETROIT JEWISH NEWS OULTRE LE ..THE MOST EXCEPTIONAL WATCHES THE WORLD AND CLOCKS IN Strictly Kosher Meats and Poultry Housewives Attention — Passover, first Seder Friday, April 12th . • - 18229 WYOMING Yemenites Celebrate 20th Year in Israel PETA,H TIKVA (ZINS)—A large countrywide gathering celebrated the 20th anniversary of the evacu- ation of Yemenite Jews who were brought to Israel "on the wings of Eagles." Noting the miracle of redeeming Yemenite Jewry from the oldest of its exiles, a representative of the aliya department reminded the assembled celebrants that ". . . about 50,000 emigres from Yemen have been absorbed in Israel, and they have built 50 rural settle- ments. . . . Yemenite Jews are industrious, modest and always Satisfied with their lot. . . . All segments of Israel's society ad- mire and love the Yemenite Jews for their industriousness, honesty and sincerity. Eastland Northland ett4oT See our latest famous label Spring Fashions from .. . • MR. DINO DRESSES AND SPORTSWEAR • KIMBERLY AND BUTTE KNIT SUITS, ENSEMBLES • LILLI ANN COATS AND SUITS • JONA- THON LOGAN DRESSES • GOLET ORIGI- NALS • JANTZEN AILEEN AND TRISSI SPORTS- WEAR • AFTER 5 AND FORMAL BOUTI- QUES FOR ALL OC- CASIONS ATMOS, the perpetual motion clock powered by the ,unfailing varia- tions in air temperature, is the one fine clock to grace every home or office. Atmos runs silently, accurately, indefinitely—without ever winding. In solid brass case protected by gold and lacquer finish. Atmos measures 9 1/4" high, 8 1 /4" wide, 6 3 /8" deep. $135. BIRMINGHAM CUSTOMERS GEORGE OHRENSTEIN we deliver in the Middle- belt - 15 M i 1 e area on Mondays. ORDER SUNDAY Certified Master Watchmaker and Jeweler HARVARD ROW MALL 11 MILE and LAHSER RDS. Phone: 353-3146. Open Daily 9-6; ThOrs. 9-9 growables grow faster with American's Bonus Savings Certificates highest rate in Michigan No double talk about rates. We pay the highest. 51/4 % on our Bonus Savings Certificates. $5,000 minimum account. They mature in six months. But you can withdraw your money before that with no advance notice, and still enjoy the same good rate we pay on our regular savings accounts. If you have an account elsewhere, just bring in your passbook or Certificate. We'll arrange the transfer. stsVINTes. "COCINVNC) AMERICAN SAVINGS DETROIT 600 Woodward by Federal Savings & Loan Insurance Corporation Branches throughout Metropolitan Detroit /Accounts insured to $15,000