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Announcing the formation
of Comerica Securities.
PLO Chief
Seeks Aid
Sydney, Australia (JTA) -
The Palestine Liberation
Organization has asked the
government of Australia to
finance its office here, claim-
ing an acute shortage of
funds.
Ali Kazak, the PLO's
Australia representative,
said his office might be forc-
ed to close because of the
cutoff last June of funds that
had been supplied by the
organization's Tunis head-
quarters.
A government spokesman
said Mr. Kazak's request
will be examined, but noted
that there appeared to be
little the government could
do to assist the PLO.
He said the government
has in the past made finan-
cial concessions to diplo-
matic missions here, but the
gestures are generally made
on a reciprocal basis.
Along with the request to
the Australian government,
Mr. Kazak has circulated a
letter to "friends and sup-
porters" of the PLO, re-
questing donations of up to
$3,500 to help clear debts,
pay staff and contribute to
the local office's operating
costs.
Mr. Kazak claimed his ap-
peal came at the direction of
"President" Yassir Arafat,
the PLO chairman, who had
asked him "to call on all our
friends and supporters to
help alleviate our current
difficulties, which we hope
will be temporary" and were
due to "the savage economic
war Israel is conducting
against the Palestinian peo-
ple."
Greg Sheridan, foreign
editor of the daily newspaper
the Australian, has called on
the government to reject out-
of-hand Mr. Kazak's call for
assistance.
"Traditionally the PLO
has been lavishly funded by
Arab countries scared of its
vicious terrorism and happy
to use it as a weapon against
Israel," he said.
"It lost much of that fun-
ding when it stupidly sided
with (Iraqi President)
Saddam Hussein after he in-
vaded Kuwait," he said.
"If PLO headquarters in
Tunis couldn't be bothered
funding an office in
Australia, too bad.
"It would be preposterous,
and morally offensive, for
Canberra (the Australian
capital) to give it any finan-
cial assistance whatsoever,
whether money or cheap
premises," Mr. Sheridan
said. 0
Comerica Securities, a subsidiary of
Comerica Bank, is a full-service brokerage and
investment firm offering the following
products and services to institutional and retail clients:
Short-and long-term Investments
rf
Stocks
Corporate bonds
Mutual funds
Precious metals
Municipal bonds
Public Finance
Public offerings
Private placements
Y.r
Syndication and trading
Cash defeasances
Corporate Finance
Private placements
Mergers and acquisitions
Industrial Revenue Bonds
Comerica Securities
(313) 222-0093
(800) 292-1300
Comerica Securities.
Member NASD, SIPC.
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