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January 21, 1972 - Image 13

Resource type:
Text
Publication:
The Detroit Jewish News, 1972-01-21

Disclaimer: Computer generated plain text may have errors. Read more about this.

eligpme■

Bank ofisrael Preparing New Laws for Knesset to Prevent Bank Failures

JERUSALEM (JTA)—The Bank
efriltrieVdieliatioin is-mitt/11 bank,
is preparing legislation for the
Knesset that •will give it extensive
new _Towers of supervision over
the country's banking business, it
was learned.
The move stemmed from the
recent failure of the Agudath Israel
Bank -tmder `stances that
- hinted at the emergence of a new
financial scandaL
The near collapse of the Agudath
Israel Bank was attributed to im-
provident loans, most of which
went to the bank's principal share-
holders, and to the bank's involve-
anent in dubious outside ventures.
It has been -taken over by the
Bank of Leumi.

AN ANT

Is Not a Relative!

,

Call
862.3200

PEST CONTROL SERVICE. Inc.

Guaranteed Central of Roadies,
Mice, Spiders and Clover Mites.
L MIA

SALE CON!

FINEST VALUES
IN THE COUNTRY

AT PRICES YOU CANNOT
DUPUCATE ANYWHERE!

HARRY THOMAS

"Fine Clothes for 36 Years"

24750 Telegraph at 10 Mile

Daily 9-6 — Thurs. to 8

OPEN SUNDAY 11-4

The Bank Lomat* the parent
According _to Itzhak Shubinsky, of the main causes of Autocar's
bank Otthe vierc-Ishierlisikt of s former managing direCtor of-Auto- bankruptcy. The-firm was put into
New York and the Angle-Israel car, the mergerigth was cone receivership last Nov. -
Bank of lenadara.
Moshe Zanbar, governor of the TINE DEMO/1:41,1W WITS
Fads& issisary 21, 1972-13
Bank of Israel, said stricter super-
vision was required over the small
er banks to spot departures from
proper management, practices and
to safeguard thetliatereat.44 de-
positors and customers.

5
Further detalii in the alleged
scandal surrounding the bankrupt-
cy last year of the Autocar Co.,
the Israeli affiliate of the British
Leyland Motor Co., came to light
as the Knesset finance committee
resumed its hearing. Former
Transport Minister Moshe Cannel
admitted to the committee that the
government had pressured Auto-
car to acquire the failing Tit auto
assembly plant in Haifa.
Carmel said the government
sought to merge the two firms in
PLUS 10' PER MILE
order to prevent the dismissal of
THIS RATE INCLUDES INSURANCE ■1
400 Til employes. The latter firm ' 111110111Rtne
faltered when the Studebaker
Corp. of the U.S. went out of the
automobile manufacturing business
several years ago.

11111111/i/

,

RENT-A-CAR SPECIAL! 00

NEW 1972

j

NTIAC-11

S 00

.
WI

Call

sopos

Shazar, Chicago Leader
to Get Honorary Degrees

NEW -YORK—President Zalinan
Shazar and Dr. Milton Ratner, Chi-
cago communal leader, will re-
ceive the honorary degree of doc-
tor of Jewish literature Thursday
at the Israeli president's home in
Jerusalem.
The convocation will be con-
ducted by the Hezliah-Jewish
Teachers. Seminary of New York'
City.
The ceremony will be conducted
by Dr. Mel Henkin, dean, and
-Dr. Gershon Winer, former dean
of the institution.

MIKE ?AMEN

354-1515.353-4700

00

INCIF Wash.

1111%

2484"41

1972 MAXWELL HOUSED COFFEE SWEEPSTAKES

4 ToThe

)Good

Last
Drop!

\LONDON

\PARIS

IMMO1.1.120M

K

NEW YORK

CERTIFIED
KOSHER



Pan Am makes the going greater
every day to more European cities
than any other airline.

Maxwell Housee is the registered trademark of General Foods

YOU'LL STAY ONE WEEK AT
HOTEL INTER, CONTINENTAL

YOU'LL
JET

from New York to London, Parisiifloine. Then on to Israel via
connecting jet. Stop over privileges in many foreign countries.

GET
ENTRY BLANKS
AT TOUR STORE

.

ENTER AS OFTEN
AS YOU LIKE
NO PURCHASES
NECESSARY

one of Israel's
most exciting
new luxury hotels.
Overlooks Old City.

OFFICIAL RULES

must be mailed in a separate envelope.

1. Use entry blank or write your name and address
clearly on a plain piece of paper 3" x

5. All entries must be postmarked not later than aild-
nl&t, April 7, 1972 and received not later than April
144 1972.

2. Enclose your entry with any of the following: The
Maxwell House symbol snipped from the plastic lid on
any can of Maxwell House Coffee. Or The imer seat from

a l a
l bi Zi °f HZUSE

printed Muplaln block letterson a pleb;
piece of paper 3" a 5'

3. Mail to: MAXWELL ROUSE COFFEE. P.O.
emailMedial Statism
New York. New York 111017 -

4.You

may enter

as

Pea 44119

-

often as you id*, but each entry

t. Wimer of prize described below will be selected by

blindfold drawing on April 17, 1972 and will be promOTIT
notified by mall. Prize Is transferrable but not redeem-
able for task and must be redeemed within one year of
above dab. -

L The prize consists of: 2 round trip fares from New
York to Israel via Pan American Airways with stopover
privileges in many European countries; room accommoda-
tions for two people for one week at the Hotel Inter-

&Rust:item

-

Continental Jerusalem. Transportation to New York and
other expenses not Included.

S. Sweepstakes Is open to all residents of the United
Georgia .
Washington
slates .
excgd mahlo
ra tood
e
Zgrusing agencies, judging staff, and their familirs.
Missouri residents are required to ;end only their names
and addresses.

S. Any liability for federal, state and local taxes will be
the responsibility of the winner.

10.No purchase aeortssry.

11.Vold where prohibited, taxed or restricted by law.

Cbsnzalsrn need berg srf ilsI

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