,cp‘' PLO \c, \‘'`) *,?\ J- v Israel, Egypt Pipeline Deal Tel Aviv (JTA) — Egypt has agreed to supply natural gas by pipeline to Israel, and the two countries have agreed to share national electric power grids. Energy Minister Moshe Shahal announced the agreements last week following his return from a working visit to Cairo. Mr. Shahal also disclosed that an agreement had been signed with an Egyptian oil Federal And State Taxes Are Eating Away At Your Savings. SOLUTION: Tax Free Mutual Funds At Franklin Bank. With tax shelters and most of the commonly used tax deductions gone, today's investors are concerned about high taxes. If your income level has you looking at tax-free income sources because of high tax rates, investing in tax-free mutual funds could be the answer. Moshe Shahal: Worked out deal in Cairo. company to search for oil in Israel. Mr. Shahal told the Econ- omic and Nautical Club in Haifa that Egyptian Oil Minister Hamdi Banbi had agreed to the pipeline ar- rangement, under which Egypt would supply natural gas to Israel via a pipeline that will be built at the Nile delta. Under the terms of the deal, Egypt would supply Israel with 2 million tons of natural gas annually for the next 25 years. The pipeline will pass through the Gaza Strip, which will receive the gas as well, although most of the fuel is intended for Israeli power plants. Mr. Shahal also announc- ed that he and Egyptian Electricity Minister Maher Abaza had agreed to connect the two countries' power grids — a move that would save Israel $200 million and Egypt $78 million by elim- inating the need for parallel power lines. Both deals were approved by Egyptian President Hosni Mubarak, with whom Mr. Shahal met while he was in Cairo. 11 It was only for the sake of the people that God spoke to Moses, their leader. Tanna Akiba Let a Franklin Bank mutual fund representative show you how to invest for tax-free income in a higher tax rate environment. Some mutual funds are available with no initial sales charge, so all your investment goes to work for you immediately.* Invest Where You Bank... Franklin Bank. Call (313) 358-5170 or visit one of our branches today. Franklin Bank, N A The New Thinking In Banking *Shares redeemed within six years are subject to a contingent deferred sales charge (CDSC). Mutual funds are sold only by means of prospectus which you should read carefully before investing. Mutual funds are not federally insured by the FDIC nor are they an obligation of nor guaranteed by Franklin Bank. Mutual funds involve investment risks, including the potential loss of principal. COMPUTERS 'N MORE Eye Examinations Ultimate Eyewear Custom Contact Lenses Dr. M. Gottesman • Dr. M. Weishaus Applegate Square Northwestern Hwy. (between 12 & 13 Mile Road) Optometrists Call 358-2920 33290 W. 14 MILE ROAD WEST BLOOMFIELD, MI 48322 (313) 7374111 COME SEE OUR LARGE SELECTION OF COMPUTER PRODUCTS We Service, Buy & Sell New & Used IBM Compatible Computers. Co CY) CT) CD cc w Advertising in The Jewish News Gets Results Place Your Ad Today. Call 354-6060 co 2 UJ CD 45