We've got more WARNING` NEWS ( THESE PREMISES PROTECTED BY • than Magic ALADDIN ALAS CALL ALAN MARGOLIN 541-5373 "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.