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February 08, 1974 - Image 7

Resource type:
The Detroit Jewish News, 1974-02-08

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

JTA Washington Bureau Chief
Friday, February 8, 1974-7
aid to the Arab countries, ing with a detailed memor-
either. Jordan and Lebanon andum of Israel's present
perennially recaive assist- economic position and the
ance, and Saudi Arabia was costs it had to bear for the
earmarked for $20,200,000 in Yom Kippur War.
The memo is intended as
fiscal 1974.
In Israel, Finance Minister background material for its
Pinhas Sapir presented U.S. applications for economic aid
Ambassador Kenneth Keat- for the 1975 financial year.

Nixon to Decide How Much of $2.2 Billion Will Be Grants

While the budget showed
U.S. budget for fiscal year the $50,000,000 for economic
1975 shows that about 30 per supporting assistance this
cent of the $2,500,000,000 ap- year to Israel and the $36,-
propriated for Israel's de- 500,000 for aid to Soviet emi-
fense requirements are to be grants, mostly for their re-
spent by June 30 and approx- habilitation in Israel, no re-
imately the same amount for quests are listed in the new
these categories
the new fiscal year begin- budget for
ning July 1.
The $2,500,000,000, Bureau
of the Budget officials told
the Jewish Telegraphic Agen-
cy Monday, represents the
$2,200,000,000 in emergency
security assistance voted by
the Congress in December in
the aftermath of the Yom
Kippur War and the $300,-
000,000 in additional credits
,the purchase of military
pment appropriated last
fail M the regular foreign as-
sistance outlays.
Of that combined amount,
the budget shows $673,664,000
is obligated for expenditure
in the current fiscal year
ending June 30 and $70,800,-
000 in fiscal 1975.
In addition, $17,336,000 of
the $2,200,000,000 is obligated
to meet the U.S. share of
costs of the United Nations
Emergency Force (UNEF)
to patrol the buffer zones on
Israel's borders. Congress
had directed that these costs
be taken from the emergen-
cy fund. None of the $300,-
000,000 in credits has yet
been obligated, the budget
officials told JTA.
The president and the State
Department, the budget of-
ficial said, probably will
make their decisions during
this month on how much of
the $2,200,000,000 will be giv-
en to Israel as a grant and
what part, if any, as a loan.
Congress has authorized the
President to give grants of
up to $1,500,000,000 of the
emergency funds.
In addition, the State De-
partment is due to provide
Congress with its new foreign
aid requests soon that will
show what amounts it wishes
budgeted for Israel, and oth-
ers, in the fiscal year 1975.
In the past two years, Con-
gress has voted $300,000,000
each year for military cre-
dits and $500,000,000 in 1971
after the missile crisis along
the Suez.
"Grants of credits in ex-
cess of the $1,500,000,000,"
the budget report said, "may
be used only if the President
determines it to be impor-
tant to our national interest
that Israel receive such
amounts and reports the de-
termination, the justification
for the determination, and
the terms of that additional
assistance to the Congress as
least 20 days prior to the ob-
ligation of the funds."
Budget officials , said the
amounts of aid sp6ctacularly
airlifted and otherwise ship-
ped to Israel during the Yom
Kippur War and into last
ember totaled about $1,-
„_,,%000,000, including trans-
portation costs. These were
on a "cash basis' of 90 days
or 120 days. "These bills will
be coming due this month,"
they said. The president,
therefore, will have to make
determinations of policy to-
ward them.

nor for additional military
credits in the usual foreign
aid budget.
No requests are contained
in the estimates for Israel in
fiscal 1975, the budget report
said, "Because of uncertain-
ties in the Middle East."
No figures were shown on


Dylan to Aid Israel
With Tour Proceeds?

NEW YORK—Bob Dylan,
the legendary folk-singer,
currently on his first concert
tour since a motorcycle mis-
hap in. 1966, refuses to con-
firm or deny the rumor that
he plans to donate to Israel
the proceeds from the tour.
Dylan also won't comment
on the concurrent rumor that
he will begin using his real

Maybj vou were thinking of
stretching another winter's wear out
of that old sweater. Or hanging on to
that comfortable, out-of-style suit
for just a little longer. Just to get
- your money's worth.
Willy lx)ther? At Osmun's•Cleanuice
Sale you'll find gill kinds of incredible
clothes to jazz up a worn Out
waah-obe. At prices that won't
wear Out your Ivallet.
Such as Amel Polyester Sport
Dress Shirts that were regularly
$13.95 to $15.95, now half priced.
Or how alx)ut stepping out in a
Worsted Suit by Limited Edition.
Nmnallv a $13() value, now sale
priced at $99.90.
Surely there's RX)111 in your closet
for a Will111, fleece lined, cotton suede
Western Jacket. It was $.15, but it's
now only $24.90.
And there's got to be room for some
great Florsheini Shoes that were
$34.95 to $41.95, but now a low
$26.90 to $33.90.
All these savings lli(l more
waiting at Osmun'sCleanuice Sale.
So clean out your old clothes. Drop
'em off-at a Gxxl Will bc)x.. Then
come clean up at Osmun's.


Fashion for men and young men.

1)vkc in \Varren)
()pen evenings 'til 9 in the Tel-Twelve Mall (Telegraph and 12 Mil(' in Southfield I, Tech Plaza Center 112 \ tile and
or Nlaster-Chargecard..
and the Tel-Huron Center (Telegraph and flur(n in Pontiac). You

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