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U.S. Aid to Israel Hiked
After Lavi Is Canceled

Cancellation of the Lavi will result in -
additional military and economic aid for
fiscal years 1988 89

-

Wish All Their Friends & Relatives
A Very
Healthy & Prosperous

Fuller Fashion Boutique
Sizes 16 to 24

Wishes Its Customers
and Friends A
Healthy and Happy

NEW YEAR

From

ARLENE GREER
VICKY PANTER
DOROTHY BOVITZ

TOBY HYMAN
SHEILA DUBIN
WILMA DAVIS

AND THE REST OF THE GANG!

11 Mile and Lahser

80

FRIDAY, SEPT. 25, 1987

Harvard Row Mall

354.4560

As a result of its halt in pro-
duction of the Lavi fighter
bomber, Israel will receive ad-
ditional U.S. military and
economic aid for fiscal years
1988 and 1989, according to
Haron Dahan, general chair-
man of the Maryland commit-
tee for Israel Bonds.
"The cancellation of the
Lavi was disastrous from an
Israeli production point of
view, but this will open the
door of Israeli products to
create more jobs and secure
the defense," said Dahan, one
of 500 Jewish leaders who
recently participated in a
four-day Israel Bond North
American Leadership Con-
ference in Montreal.
At the conference, Israeli
Finance Minister Moshe
Nissim read a letter from
Secretary of State George
Shultz that said that "the
United States has agreed to
continue directed offsets at
the current level of $150
million for FY 1988 and 1989.
In addition, we will support
an increase in Israeli offshore
procurement authority by
$100 million a year, to $400
million, for FY 1988 and
1989."
According to Shultz's letter,
this increase was allocated to
offset "economic dislocations
[to Israel] caused by the Lavi
cancellation. We , will con-
tinue to support Israel's cur-
rent level of military
assistance at $1.8 billion for
the next two fiscal years and
will allow Israel to use FMS
credits to pay termination
liability charges for Lavi con-
tracts previously approved by
the Defense Security
Assistance Agency."
In addition, Shlutz said the
Admistration will try to ac-
celerate the delivery of
F-16Cs "if [Israel] decides to
order them as replacements
for the Lavi."
"I know how difficult this
decision [to cancel the Lavi
project] was," Shultz's letter
read, "as you weighed the
pride for the Lavi, which
Israelis deservedly hold,
against the long-term eco-
nomic consequences of conti-
nuing the program. Your
dedication to the cause of
economic reform in Israel was
reflected in the position you
took."
Addressing the conference
participants at a banquet,
Nissim expressed his own

concerns about the cancella-
tion of the Lavi program but
said Israel's defense would be
strengthened by other sophis-
ticated weaponry as well.
"The advantage they will
give in future war," Nissim
said, "will be greater than
the difference between the
Lavi and the F-16C."

Speaking about Israel's
economic outlook, Nissim told
the Bond leaders, "Our policy
aim is gradually to create a
new climate for the Israeli
economy, a climate in which
investors will find the State of
Israel attractive, with a
liberal economy, where the
free-market will be governed
by the private spector and
subjected to market forces.

"I shall do my utmost," he
said, "to reduce our
dependence on foreign aid
and to strengthen our
economic independence. We
cannot rely on outside sup-
port indefinitely.
In a cable, Israeli Prime
Minister Yitzhak Shamir
congratulated fthe Bond
leaders for last year's $603
million in sales: "Your record
achievement in 1986 was an
impressive demonstration of
your growing influence and
capacity."

Another cable, from Israeli
President Chaim Herzog,
said, "We in Israel, and you in
all the communities you
represent in the Israel Bond
Leadership Conference, are
engaged in a partnership
which is mutually
strengthening. We share a vi-
sion that derives from the
love we all share for Israel,
and a determination to widen
the horizons of Israel's future
by reinforcing its economy."

Some of the speakers at the
conference included Benya-
min Netanyahu, Israel's am-
bassador to the United Na-
tions, Israel Bond's Interna-
tional Chairman David
Hermelin, and Brig. Gen.
(Res.) Yehudah Halevy, presi-
dent and chief executive of-
ficer of Israel Bond. A
highlight during the con-
ference was the presentation
of a special award to Melvyn
Goldman, host chairman, and
Micki Naiditch, deputy host
chairman, for the 1986 Lead-
ership Conference held in
Baltimore.

-.)