42 Friday, August 10, 1919

Caricatures

for your party

By

SAM FIELD

Call

399-1320

THE DETROIT JEWISH NEWS

Israeli Shlikhim
Come to America

NEW YORK — New Is-
raeli shlikhim will soon be
arriving in the U.S. in time
to begin their stint at
Jewish Community Centers
and YM and YWHAs this
fall.
Among them are a
kibutznik, teachers, a pilot,
health and physical
educators, and persons who
have had some experience
in the community center
movement in Israel.

PRESERVE YOUR
BAR MITZVAH
OR WEDDING WITH
MICHIGAN CINEMA
SYSTEMS

VIDEO TAPING SERVICE

(313) 792-7400

CRAFTSMANSHIP

INTEGRITY

QUALITY

Creative _lenders

e
29173 Northwestern Hwy. / Southfield, MI 48034 / (313) 356.2525

UPHOLSTERY

ANY SOFA

INCLUDING:
• LABOR
• FABRICS

Any fabric in stock, choice of Herculons, Nylons,
Nylon Velvets, Cotton Velvets, Cotton Prints, Vel-
vets and Decorator Jacquards.

FREE ESTIMATES
IN HOME

• FREE•P1CK-UP
8; DELIVERY

• 5-YEAR
GUARANTEE

$ 7500

terra s

(TUFTING EXTRA)

INTERIORS* frn

* A division of The Sofa Factory

manufacturers of custom furniture.

525-9052

31153 Plymouth Rd., Livonia 1 blk. E. of Merriman, Hrs. 8-8

Etz Lavud Leads the Way As Peace Treaty
Stimulates Interest in Israeli Businesses

NEW YORK — The
Egyptian-Israeli peace
treaty has Wall Street tak-
ing a second look at the in-
vestment merits of Israeli
based companies which are
traded on American
securities markets. One
such company is Etz Lavud
Ltd., which is based in Is-
rael, and traded on the
American Stock Exchange.
A diversified manufac-
turing and trading com-
pany, it is among the ten
.largest companies in the
private sector. It is also
uniquely positioned to bene-
fit in a direct way from the
peace treaty, since more
than 90 percent of the com-
pany's sales and earnings
come from two areas of op-
eration — the manufacture
of plywood, chip board, and
plastic laminates, etc. for
the housing industry, and
the production of heavy
duty trucks which are as-
sembled under a licensing
agreement with a major
American truck manufac-
turer.
Israel offers a number of
attractive inducements for
foreign investment, and
now that the political cli-
mate is more stable, these
purely economic considera-
tions should play an in-
creasingly important role in
the decision making proc-
ess. Furthermore, the Is-
raeli government has al-
ways actively encouraged
foreign investment and the
economic/political philos-
ophy of the government has
taken a decided turn toward
free enterprise, as opposed
to the "mixed socialist/
capitalist economy" which
prevailed for several de-
cades.
The result has been
legislation in the regulat-
ory and tax areas de-
signed to create optimum
business incentives not
only for foreign invest-
ment, but for domestic Is-
raeli companies as well.
Despite these many plus
factors, the constant threat
of war with the Arab states
has hung over the nation for
the past three decades.
Quite understandably, this
ongoing political instability
has served as a deterrent to
the sort of enthusiastic in-
vestment interest that the
Israeli economy would nor-
mally attract on its own
merits.
Few people regard the ac-
cord with Egypt as an
ironclad guarantee that
we'll never see a resumption
of open hostilities again.
However, the American
business and investment
communities apparently
regard the treaty as the first
genuine signal that we've
seen "the light at the end of
the tunnel" insofar as a last-
ing peace is concerned.
Since the signing, Israeli
businessmen report a more
positive negotiating climate
in their talks with Ameri-
can multi-national com-
panies about joint venture
business opportunities.
Wall Street investment

banking firms have also re-
ceived a number of inquiries
about investment pos-
sibilities within the Israeli
economy over the past sev-
eral months.
Since the treaty calls
for the relocation of both
civilian settlements and
military bases in the
Sinai over the next three
years, a population shift
out of the Sinai to other
parts of the country and a
major buildup of the mili-
tary infrastructure in the
Negev will be necessary.
The attendant housing
needs•for this buildup
will require new accom-
modations for upwards
of 50,000 people in a rela-
tive short period of time.
The Israeli economy itself
is currently in a growth
phase as compared to the re-
cession which took place
during the 1977-1978
period, and has already
fueled a strong increase in
housing demand. Since Etz
Lavud is the leading domes-
tic supplier of wood prod-
ucts, this division has
enjoyed a significant in-
crease in its sales backlog
over the past eight months,
and this upward trend in
sales should continue for at
least two years.
Another development
which should make an im-
portant contribution to
sales for the wood products
division over the next few
years, is the recently inau-
gurated "Project Renewal."
The neighborhood renewal
program is designed to pro-
vide low cost housing for the
young and disadvantaged
and provide other im-
provements such as schools

Blast Hurts Six
in Jerusalem

JERUSALEM (JTA) —
An explosive device in
Jerusalem Sunday morning
injured six persons, two of
them seriously. The two are
Arab employees of the city
gardening department.
The explosion, which oc-
curred at about 9 a.m., took
place in the city center,
across the street from the
municipal building where
the device had been hidden
in a flower bed.
One of the injured, a
municipal employee, suf-
fered head wounds while
four others were treated for
shock at Hadassah Hospi-
tal.
A sixth victim lost both
legs in the explosion.
Following the blast, the
area was cordoned off by
police. The size and exact
composition of the explosive
device were not im-
mediately determined.
However a policeman on the
scene said the device had
been "unusually large."

Israel's strike on June 5,
1967, was an inevitable re-
sponse to Egypt's
threatened attack. The
Arab buildup which led to
the Six-Day War had begun
in February 1966.

and libraries. The program
should prove a major
stimulus to Israel's con-
struction industry.
Etz Lavud's truck di-
vision will also benefit from
the military buildup in the
Negev where there is no rail
transport system. The
material required to accom-
plish this task can only be
hauled by truck. Trucks
also constitute the principle
means for hauling material
throughout Israel itself.
Another particularly
promising area for future
growth is in the field of
medical equipment. In
1972, Etz Lavud estab-
lished Laser Industries
Ltd. to research, develop
and manufacture prod-
ucts based on laser
technology. One of the

major projects of Laser
Industries since its incep-
tion has been the
Sharplan series of CO2
surgical laser systems.
The first Sharplan units
were installed in the United
States in 1972, after having
experienced research and
clinical testing in Israel.
Since that time, over 100
Sharplan installations have
been installed in leading
hospitals in the U d
States, England, We__,.en
Europe, Israel, South
America and the Far East.

RALPH
YAMRON'S

Orchestra

Music For All Occasions

968-0021

mysteries of the mind

Exciting entertainment for your club or organization. An
amazing demonstration of ESP and mind reading with audi-
ence participation.
•

Mel Eisenberg

547-2464

546e Shoes
t ots if. teens

doctor's shoe prescriptions
correctly filled

• dingo
• foot traits
• hush puppies
• dexter
• weber
,childlife-tico

heociouarters for
Copezio dancewe4r

• bass
• keds
• converse
*bath
• danskin
• lazy bones

5534-1401

at iarrnington RAformibston

WE'RE OPEN

DON'T MISS OUR

Designer Labels & Name Brands at

0/ Back To School

0 1 ° SAVINGS

L
T
D

CHILDREN'S FASHIONS

•

(Boys & Girls)

sizes 4 to pre-teen

Use our convenient layaway

In The Franklin Shopping Plaza

29175 Northwestern Hwy.

Mon.-Sat. 10-5 Thurs. til 8

Barbara Cohen

354-1858

Susan Weinberg