20 .Novembor 28, 1975 • • •- • • • • • • • • • • • . MOVING? THE DETROIT JEWISH NEWS ZOA Clarifies Mistaken Report NEW YORK (JTA) — The Zionist Organization of HOUSEHOLD SALES : America clarified a previous IN YOUR HOME : report in which the ZOA created the erroneous im- ESTATES LIQUIDATED pression that Philip M. MARION GASPAS Klutznick, chairman of the 626-8402 • 5 626-679- _ governing board of the • World Jewish Congress, ad- IRENE EAGLE 626-4769 626-8907 • •••• _ dressed the _concluding ses- BEST WISHES FOR A HAPPY HANUKA . To All Our Friends ti Patrons • t gra S t a Established 1924 NORTHLAND CENTER . Over 45 Years Of Moving Experience POTTER MOVING & STORAGE CO. NUMBER ALLIED VAN LINE AGENT IN MICHIGAN 1300 N. Campbell 2253 Cole ROYAL OAK 541-3310 BIRMINGHAM 644-4612 ALLIED VAN LINES sion of the recent 78th ZOA national convention in Chi- cago. The convention took place Oct. 2-5. The ZOA clarifica- tion was in connection with remarks attributed to Klutznick concerning the Conference of Presidents of Major American Jewish Organizations. Actually, the ZOA state- ment of clarification said Klutznick was not even present at the concluding session Oct. 5, at which time he was already in Israel. He - addressed the convention on Oct. 3, when he and Jacques Torczyner, a past president of the ZOA, participated in a symposium on the subject: "Should American Jews In- tervene in Israeli Affairs?" Furthermore, the ZOA statement of "clarification continued, Klutznick was misquoted in remarks he made in the course of the symposium regarding the Conference of Presidents. While he did mention that "it was not good for Israel to have a benign Jewish com- munity in the United States," and while he advo- cated a more independent stance of American Jewry on issues concerning Israel, he did not sugge-st in any way that the Conference of Presidents should be dis= banded or replaced. Redress Sought for Displaced Jews Israeli Pound Devalued 1.5 Pct. JERUSALEM (JTA) — Government officials said Tuesday that the latest de- valuation of the pound will not set off a new round of price hikes for food and pub- lic transportation. But price stability is expected to be short lived because of planned massive cuts in the government's subsidies of! basic food , products and transportation. The pound was reduced by 1.5 percent Monday and now stands at IL 7.10 = one dollar. It was the fourth Tnstance this year of the so called "creeping devaluation" which permits the govern- ment to depreciate the pround by up to two percent every 30 days if necessary. On Sept. 28 the pound was devalued by 10 per- cent in an effort to con- serve the nation's dwin- Israel Bonds Set 1,050 Meetings NEW YORK (JTA) — A record number of 1,050 Is- rael Bond sales meetings will be held throughout the United States and Canada during the closing six weeks of the year, announced Mi- chael Arnon, president of the Israel Bond Organiza- tion, at a meeting Nov. 20 of the national champaign cab- inet and community chair- men in New York. dling foreign currency reserves and stimulate exports. There was no massive run on the banks or wide-spread hoarding at that time be- cause the prices of basic commodities and services were held firm by govern- ment subsidies. But the Cabinet is shortly due to consider recommen- dations by the Ministeral Economic Committee for an IL 1.5 billion cut in the gov- ernment's present IL 4 bil- lion subsidy program. The uneasy feeling cloud- ing the economic sector has driven the local currency to a new low on the black mar- ket exchange. Last week they were pay- ing between 9.95 and 10 pounds for each dollar, while the official rate of ex- change was IL 7.00 = $1.00. Only a year ago the pound was selling on the black market at 4.70 compared to an official rate of exchange 4 4.20. Since the establishment of the state of Israel in the year 1948 the value of the Israeli •pound dropped from IL 1 =. US $2.80 to IL 1 = US $0.14. This means that the Israeli pound is Charles Dennis Manager Also serving this area: special representatives Irving Lober Representative Jack Lebowitz Representative Howard Stern, and Frank Blazofsky. 414 1600 N. WOODWARD • BIRMINGHAM, MICHIGAN • 48012 Stuart Milgrom . Representative Nate Baker Representative Raider-Dennis Agency, 171 17 W. Nine Mile, Suite 333, Southfield PHONE 559-2250 By Loading American and Europoon Artists Jr Featuring Original Graphics By sr _, 1 11. r - Norman Rockwell and LeRoy Neiman J 4 : Jr __, .ar Open 7 Days Weekly Northland and Eastland Center * all dee& ,i/detee4 aged a qamy qagulea USE OUR GREAT IDEAS FOR GIFTS Radon Park Clothing TUXEDO RENTAL . CLOTHIERS AND MEN'S WEAR 22141 COOLIDGE OAK PARK, MICH. 48237 541-7116 NEW LIVONIA STORE 37205 SIX MILE ROAD at Newburgh Road NEWBURGH PLAZA PHONE: 427-8970 or 72 —S7incere (801 Taihei for a —11appy. / I h an,/ P eacelui _ilaunLa JNF Forests Yield Revenues . FROM OUR STAFF BEN & MARK MORGANROTH Professional Interior Designers JERUSALEM — During the present budgetary year,. the Jewish National Fund is expecting an income of about $1.3 million from the thinning of its forests. A part of this wood will go to JNF saw mills, a part to pulp-processing factories, and the remainder to agri- culture for use as support posts, primarily in banana fields. The 60,000 tons of wood is = the output of some 40,000 dunams of forest thinning. The thinning itself must be undertaken for a number of reasons such as clearing old tree plots for regeneration; for increased growth-yield of remaining trees; and for the blazing of new forest =— roads. ' ■■■■ LIFE INSURANCE SOCIETY 3500 `Original * Oil Paintings and Graphics* Mr. & Mrs. Louis Levinson Mr. & Mrs. Leo Rosenfeld JERUSALEM (JTA) — The occasion, which was The - Knesset Foreign Af- fairs and Defense Commit- marked as National Israel tee said that Israel will de- Bond Cash Day, was ad- mand full compensation for dressed by Israel's Ambas- the property left behind by sador to the United Nations, Jews from Arab countries Chaim Herzog; Sam Roth- when they were forced to berg, general chairman of emigrate after the estab- Israel Bonds; Arnon, lishment of the state of Is- dent; and Sidney Cooper- man, national cash chair- rael in 1948. A statement issued by the man, who discussed Israel's committee said the compen- needs and the progress of sation_ for Jewish property the Israel Bond campaign. would have to be part of any The national cash effort, final peace settlement with which began on Nov. 2, will the Arabs. conclude Dec. 21 at an inter- national dinner of tribute in New York to Rothberg to be addressed by Gold Meir. The occasion, celebrating Rothberg's 30 years of serv- ice to Israel and the Jewish people, will also mark the 25th anniversary of Israel Bonds. For you we wish: Work and reward, Family love, Fraternal brotherhood, Happiness today, Security for tomorrow, Joy in sharing, Peace and good will. Austin _* galleries * ************** Holiday Wishes Jordan Raider ' Manager now worth exactly 1/20th of its value in 1948. Meanwhile, there are per- sistent rumors that the gov ernment has taken a secret decision to exchange the ex- isting Israel currency, which is expressed in prounds (Lirot), for Shekels (Heb. Shekalim). The intent, according to informants, is to'accomplish two aims: By exchanging current bank notes, it will be possible to expose "hot money" on which no taxes have been paid; and, sec- ondly, it will be possible to impose a one-time tax on the exchange. The government actually employed this method in 1952 when it exchanged old bank notes for new. *************1. JANET VERMIGLIO Interior Designer LIZ MITCHELL Interior- Designer ROZ WEISENBERG Interior Designer SANDRA ROSENMAN Interior Designer and LILLIAN FRIEDBERG WOOD FINE FURNITURE TO LIVE WITH Tel-Twelve Mall, 28674 Telegraph Road Southfield, Michigan 48075 354-9060 — 851-5619