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"Security is our middle name"

Israel Preparing
Economic Growth Plan

Jerusalem (JTA) — Lower
tax rates and fewer tax con-
cessions are two key elements
in a far-reaching economic
growth plan now under prep-
aration by the Finance
Ministry and the Bank of
Israel, according to reports
last week.
- The plan also envisions sig-
nificant -easing•offoreign cur-
rency restrictions, and a dras--
tic overhaul of Israel's capital
market.
The planning has been ac-
celerated in the wake of the
new American tax reform —
in part to meet the challenge
of the brain drain to the
United States.
Finance Minister Moshe
Nissim, in a series of inter-
views over recent days, has
deliberately unveiled major
elements of the new plan and
encouraged public debate.
Behind the scenes he is
working hard to garner poli-
tical support among both ma-
jor coalition partners from his
program, which hinges, he in-
sists, on a substantial reduc-
tion of government spending
in next fiscal year's national
budget.
Nissim assured interview-
ers that he is not contemplat-
ing a devaluation of the
Shekel or further austerity
measures (although there has

been intense speculation in
this direction in some news-
papers).
On the contrary, the Israel
European Economic Com-
munity tariff-reduction
agreements which go into ef-
fect January 1 will mean a
lowering in the prices of cars
and other consumer durables
imported from Europe — and
the government has resolved
not to make up the shortfall
in added purchase tax.
Government planners be-
lieve they can drive inflation
even lower than the current
20 percent annual rate —
despite an anticipated rise in
consumer spending — by fur-
ther substantial cuts in
government spending.
Nissim and bank governor
Prof. Michael Bruno now
want to spur the economy in-
to a growth phase. For the
worker and for employers,
this will mean less direct tax-
ation, and a much simplified
taxation structure that will
eliminate the myriad conces-
sions and loopholes that now
encrust the Israeli system.
"Our policy is aimed at
making it worthwhile for peo-
ple to work," the Finance
Minister told The Jerusalem
Post, "(at) encouraging im-
migration, and at preventing
a brain drain."

Office Claims Egypt
Sank Israeli Sub

It is by far the most
complex machine ever de-
signed.
There are over four
million in production on any
given day.
Yet, for the most part,
parents are unprepared for
the demands of its care and
maintenance.
That's why Sinai Hospi-
tal has gone to such lengths
to provide comprehensive
instruction. Beginning with
preparatory classes through
labor and delivery and post-

partum care. Instruction for
every member of the family.
Mothers and fathers
learn what kinds of physical
and psychological changes
occur during pregnancy,
what happens during labor
and delivery, how to prepare
siblings for a new member
of the family, how to care for
an infant, and more.
Siblings are taught what
newborns look like, how
they behave, and how to
handle them.
Classes are even avail-

able for grandparents.
You see, at Sinai we're
aware of the enormity of
changes in the family unit
that accompany an infant's
arrival. And we think pre-
paring the whole family for
those changes is a crucial
aspect of our responsibility
and our service.
Of course, you can just
think of it as your owner's
manual.
For further information
or doctor referral, call Sinai
Hospital, 493-5500.

THIS IS SINAI©

- USING ALL WE KNOW TO MAKE YOU WELL.

32 Friday, December 19, 1986 THE DETROIT JEWISH NEWS

ml Aviv (JTA) — The
Israeli submarine Dakar,
posted missing with all hands
in 1968, was sunk at the
orders of thenEgyptian Presi-
dent Gamal Abdel Nasser,
according to a retired Egyp-
tian naval officer who says he
commended the operation.
Retired Vice Admiral Samir
Shalabi, wrote in the current
issue of the Cairo weekly
A-Shaab that "We carried out
the mission near Egyptian
territorial waters west of the
town of Al-Dakhila on Jan-
uary 25, 1968."
That was the date when the
Dakar, a British-built sub-
marine of World War II vin-
tage on its delivery voyage to
Israel with a crew of 69, was
last heard from. It was never
determined whether the
undersea craft foundered
because of the failure of its
pressurized hull or other in-
ternal difficulties, or was
destroyed by enemy action.
Until now, Egypt has denied
any knowledge of the fate of
the Dakar.
Earlier this year, Egypt
gave Israel permission to
search in its coastal waters
for traces of the, submarine.
The search, carried out with
the help of U.S. Navy person-
nel and equipment, was ter-
minated in, October after
nothing was found.

Shalabi, in his account of
events nearly 19 year ago,
wrote, "Our underwater de-
tection system discovered a
hostile target. We reported to
President Nasser who ordered
the Naval Command to locate
the target and hit it. Nasser
was concerned over a possible
attack by Israeli frogmen.
Seventeen kilometers from
shore, we made contact with
the submarine. I gave the
order and we dropped 36
depth charges on it, and
reported on our success."

Austrian Envoy
Returns To
Israel

Vienna (JTA) — Austria's
Ambassador to Israel, who
was recalled in October, will
be returning to Israel, it was
announced last week by
Chancellor Franz Vranitzky.
He told reporters after a
Cabinet meeting that the
return of Ambassador Otto
Pleinert was "an expression of
the desire, the will and the ef-
fort for good and correct rela-
tions with israel." Pleinert
was recalled from Israel after
Israel withdrew its Ambas-
sador, Michael Elizur, follow-
ing the election of Kurt
Waldheim as President of
Austria last June.