THE 19TH UNIVERSITY LIGGETT SCHOOL ANTIQUES SHOW OCTOBER 9, 1993 • 11:00 A.M. - 6:00 P.M. 1993 • 11:00 A.M. - 5:00 P.M. OCTOBER 10, U.S. Aid To Palestinians Shouldn't Be At Our Expense 850 BRIARCLIFF DRIVE GROSSE POINTE WOODS, MICHIGAN 39 ANTIQUES DEALERS FROM 15 48236 STATES PREVIEW PARTY EVENING OCTOBER 8, 1993 • 6:00 - 10:00 P.M. RESERVATIONS LIMITED CLEMENT E. CONGER • GUEST SPEAKER SPECIAL CONSULTANT, CHRISTIE'S FORMER CURATOR, WHITE HOUSE AND STATE DEPARTMENT RAFFLE GRAND PRIZE: 1994 LINCOLN MARK VIII SHOW TICKETS $5.00 PER PERSON, AVAILABLE AT THE DOOR OR IN ADVANCE FOR MORE INFORMATION • (313) veryone is talking about investments in the au- tonomous region. What will Israel's policy be re- garding investments in the Jew- ish settlements in the territories? Finance Minister Avraham Shohat offered some answers to the Jerusalem Post to this and other questions on the eve of his visit to Washington last week. JP: Is your upcoming trip to E countries in the world that called for the agreement said that once there is an agreement they will help. Well, their time has come for making good on their commitments. JP: One of the criticisms against the agreement with the Palestinians is that the defense establishment was not includ- ed in the discussions, and as a result it will not have enough the United States intended pri- marily to help raise funds for the autonomous region? AS: No. The trip was planned in advance and is related to my areas of responsibility. I will be meeting with investors, the management of Israel Bonds and the United Jewish Appeal, the International Monetary Fund and a number of foreign ministers. JP: The Americans commit- ted themselves to give $250 mil- lion to the Palestinians in two years. Is the money going to come out of Israel's foreign aid? AS: I cannot say for certain about a final decision by the Americans, the Japanese or the Europeans. Numbers are being bandied about, in large sums and for terms longer than two years. I very much hope the Amer- icans, if they decide to give mon- ey — which we did not ask them in any way and do not in- tend to — do not do so at the ex- pense of aid to Israel. We are preparing for a period that will require a lot of expenses. Peace expenditures are not smaller than those for war. It is incon- ceivable that our aid should be cut to transfer money to the Palestinians. I don't think the Americans should carry the burden of in- vesting in the autonomous re- gion. Rather, most of the time to adapt to the new reality. Isn't the economic establishment facing an even greater chal- lenge? AS: Regarding the econom- ics, there have been discussions throughout the talks. I have called a meeting of the cabinet economic committee to set the structure and operating proce- dures so as to coordinate the ac- tivities of all the ministries in preparation for the autonomy. Academic and administrative studies have been carried out. Working groups at the bilater- al talks have also been dealing with the issue, together with the Palestinians. We are getting into intensive activity to set pol- icy and proposals based on the agreement in principle. There is no doubt there is a lot of work, a lot of details and we have to avoid making mistakes at this stage. JP: Have you decided to adopt the recommendations of the Fogel Commission on the autonomous region? AS: I accept in principle the concept of open economies. The cabinet will still have to discuss the recommendations and make a decision. Basically, the Fogel Commission recommen- dations that are actually based on the Ben-Shahar committee study are acceptable to me. JP: What is your timetable for putting in place the economic 884-4444 Show managed by Wendy Jennings & Susie McMillan, Antiques Network Gain Access to Outstanding Investment Managers PaineWebber has the key to finding the right money manager for individuals and institutions with portfolios of 8100,000 or more. Find out about PAINEWEBBER ACCESS: a comprehensive approach to total portfolio planning and management. For a free consultation call Gerald E. Naftaly or Alan A. Gildenberg at (313) 851-1001 or (800) 533-1407. PaineWebber We invest in relationships. 32300 Northwestern Suite 150 Farmington Hills, MI 45334 Member SIN: WHEN YOUR HOME IS YOUR CASTLE YOU DESERVE THE ROYAL TREATMENT! "We specialize in the customized audio/ visual home systems that complement your lifestyle." Celebrating 11 Years! FEATURING: \eC)' • Home Theaters Multi-room audio & video UGC' syste ms <6 Home integration systems N,)" e- \14C). ■ ■ \0\ ■ "Personalized' service. 40 40:o - s) ° 4234 White Birch • West Bloomfield arrangements for the au- tonomous region? AS: We have a timetable dic- tated by the agreement. With- in a few months, the Civil Administration will leave Gaza and Jericho. There also is the early empowerment phase, which will take place in all of Judea and Samaria and will transfer responsibilities for ed- ucation, health and the like to the Palestinians. The Fogel committee recom- mendations paint a broad pic- ture of the economic relations with the autonomous region, but lack detail. The particulars, apparently, will have to wait for detailed negotiations with the Palestinians. JP: With whom will we be dealing considering they don't have the institutions and the or- ganizational infrastructure to back them up? AS: They will have to choose the people to deal with us on this issue. They also did this with the joint Jordanian-Pales- tinian delegation, where they found Palestinians authorized to deal with economic matters. But they don't have the in- stitutions to back them up. We wrote that there will be joint committees that will hold talks and define the issues and who- ever comes will come. We won't negotiate with ourselves. Al- though there isn't an organized structure which derives from an existing government, they cer- tainly have experts that deal with the issue. I hope they have thought out what they want. JP: The whole world is talk- ing about aid to the Palestini- ans, and even is stating amounts, but the Palestinians in the territories are not orga- nized to absorb even a penny from the promised aid. There are no financial, voluntary, busi- ness and other institutions which will enable them to man- age projects financed through aid. Do you have a program to establish the infrastructure that will enable the autonomous to benefit from the aid? AS: It's true that there will be a problem. I think, by the way, that the numbers spoken about, regarding the capacity to absorb billions of dollars a year, are not correct. I don't believe a relatively small system can ab- sorb such a large volume of in- vestments. The investments which they can realistically absorb will re- quire the support of interna- tional organizations, such as the