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The University of Michigan Library provides access to these materials for educational and research purposes. These materials may be under copyright. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission. If you have questions about the collection, please contact the Bentley Historical Library at bentley.ref@umich.edu

February 18, 1972 - Image 11

Resource type:
Text
Publication:
The Detroit Jewish News, 1972-02-18

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

-.-.1•11==11

kw

IsrAta.G0s51)11filliion ili'U;S:LoCans- for Financin t ve Housintr Construction

THE DETROIT JEWISH NEWS

Fridcry,lebr00% 18, 1972-11
WASHINGTON {A'_-- Israeli
The totaf, doits of - edmilairltekng :interest - rate o&-Yorjltatfer,
Amt.; Mbel remainder of the -current . fiscal
and American ofliCials Wednesday this project, including
the salaries home owners also will pay the year which ends June 30.
-
signed an agkettnent- guaranteeing
of AID employes and the contrac- AID guarantee fee of .5 per cent
Eye Doctors
The $300,000,000 figure was in-
private loans totaling. $50,000,000 tors, are paid from the fees charg-
Prescriptions Filled
to finance the construction -of ap- ed to the ultimate home owners in on the outstanding amount of the eluded in the authorization mea-
loan.
This
brings
the
total
interest
sure already adopted by both
proximately 11,000 homes for low- Israel.
paid to the U.S. investor and AID houses, and it was understood that
e -middle-income
r
il4sraeL
,
5 5)50.1
to 8 per cent.
there is no doubt -about that fund
I
cylinder
.thfi-cguaTantree
, contract
'In a ce E Y ous
PRESCRIPTION OPTICAL CO.
, y92VArt
to De-
being
available
for
Israel
once
the
This
is
the
first
loan
for
housing
ne&atiated
by
the
two
governments,
26001
Coolidge
543-3343
partmerit;,-'7fif 'goliernmental co-
made to Israel. The U.S. is the appropriation measure is adopted.
N
guarantees for the loans were the housing to be constructed with
only country which lends funds for
the
funds
must
be
within
Israel's
signed by Pinhas Sapir, Israel's
housing abroad in this manner.
borders
as
they
existed
before
the
minister of finance, and Dr. John
Six-Day War.
The guarantees for the loan re-
A. Hannah, administrator of the
SEE OR CALL
payments were arranged for AID
United States Agency for Inter- Beneficiaries of the housing
national Development (AID).
will be- mostly new immigrant by Stanley Baruch, the director of
that
agency's
office
of
housing
with
families, newly formed families
responsibility for this program in
Arab and other minority groups,
CARS TO BE DRIVEN
all countries. In the 10 years of its
and occupants of overcrowded or
To any state. Also drivers furnish-
operations,
the AID program has
substandard housing. The selling
ed to drive your car anywhere.
WILSON-CRISSMAN CADILLAC
guaranteed about $300,000,000 in
Legally insured and LC.C. licensed
price to a beneficiary of a dwell-
CALL BUS. MI 4-1930
RU. 642-6836
loans in 30 countries, providing
ing
under
this
program
must
not
1350 N. WOODWARD, BIRMINGHAM
DRIVEAWAY SERVICE
dwellings for approximately 60,000
exceed $16,000.
families. AID is authorized under
9970 Grand River
The loans are repayable to the the worldwide program to guaran-
Detroit, Mich. 48204
American lending institutions over tee loans totalling $780,000,000.
WE 1-0620-21,22
a period of 25 years at an annual
The loan to Israel is the largest

NEW CADILLAC ?

ANDY BLAU
in BIRM1 GHAM at

For the
Most Eelegant
Bar Mitzea
Suits in Town

Meanwhile, military sales credits

of up to $300,000,000 appeared as-
sured in the legislation for assis-

MIAMI (JTA)—Gov. George C.
Wallace of Alabama, campaigning
for the Democratic presidential
nomination, told a Jewish audience
here that he has Jewish kin.
Addressing 600 members of the
Hebrew Association of Greater
Miami, Wallace said he had a
Jewish uncle and a Jewish first

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He said that when he cam-
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Choose from over 700 fabrics. incl. knits and
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Some of Gov. Wallace's
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6 to 60.

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FOR APPOINTMENT PHONE 642 0460

me."

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*

Good

g

To The

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Drop!

\PARIS

WRAP. MCP


ROME

NEW YORK

K

CERTIFIED
KOSHER

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

YOU'LL
JET

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

ENTER AS OFTEN
AS YOU LIKE
NO PURCHASES
NECESSARY

OFFICIAL RULES

1. Use entry blank or write your name
clearly on a plain niece of paper 3" x 5".

j Mfg.?.

Maxwell House', is the registered trademark of General Foods

Win a trip for 2 to
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SET
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AT YOUR STORE

XWELL
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\LONDON

YOU'LL STAY ONE WEEK AT
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one of Israel's
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Overlooks Old City.

must be mailed in a separate envelope.

and address

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 inner seal from
any or of Instant Maxwell House. Or just the words
MAXWELL HOUSE printed in plain block letters on a plain
piece of paper 3^ x 5"

3. Mail to: MAXWELL HOUSE COFFEE, P.O. Box 4488
Grand Central Station
New Tort, New Tort 10017

4. You may enter as often as you wish, but each entry

5. All entries most be postmarked not later than mid-
night, April 7, 1972 and received not later than April
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6. Winner of prize described below will be selected by
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notified by mail. Prize Is transferrable but not redeem-
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7. The prize consists of 2 round trip fares from New
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tions for two people for one week at the Hotel Inter.

jemsaten2

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

8. Sweepstakes is open to all residents of the United
States except Idaho, Georgia and Washington, and
employees of General Foods Corporation, its subsidiaries,

advertising agencies, judging staff, and their families.
Missouri residents are required to send only their names

and addresses.

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

10. No purchase necessary.

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

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