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Group Discounts Available BERKLEY TOURS AND TRAVEL, INC. 559-8620 OR 1-800-875-TOUR (8687) ehboritood hopping at its best! 2-7 /WIC Cja C St7 11 a re * * * * custom shirts 1w marirm Custom Shirts & Accessories At Discounted Prices Men's Fashion Coordinator & Shirt Designer For 20 Years 1CC-123J The Best Musical Entertainment. Period. joe cornell studios (810) 626-1100 CLASSIFIED GET RESULTS! Call The Jewish News 108 354-5959 Meir Rosenne Returns To Life In Israel New York (JTA) — After raising more than $1 billion for Israel for the third year in a row, it shouldn't be a surprise that represent- atives of foreign govern- ments have asked Meir Rosenne for advice. Mr. Rosenne, is who retur- ning to Israel this month after five years as chief ex- ecutive officer of State of Israel Bonds, said the presi- dent of the Ukraine wanted help in setting up an effort to raise capital from the Ukrainian diaspora. Other approaches have come from Hungary and Poland, Mr. Rosenne said in an interview. In 1993, Israel Bonds sold $1.068 billion worth of bonds, half in the United States and another 10 per- cent in Canada. This corn- pares with $753 million in 1989, the first year Mr. Rosenne, a former ambas- sador to Washington, held the post. In the past five years, Mr. Rosenne has kept the organ- ization's expenses to $41 million, in part by closing 15 offices in the United States and laying off more than 200 people around the world. Mr. Rosenne attributed sales growth to the desire of world Jewry to help Israel finance the needs of the half- million Jews from the former Soviet Union who have already arrived in Israel, and the hundreds of thousands more who are ex- pected to come. Under his direction, Israel Bonds issued new notes that appealed to American in- vestors because of their relatively high rates at a time when general interest rates were plunging to lowest level in decades. One consequence was that some in Jerusalem began to ask about the value of the bonds and their cost, par- ticularly as American loan guarantees made available up to $10 billion in low- cost capital. Mr. Rosenne retorted that as helpful as the loan guar- antees are, there is a polit- ical risk to them. He noted that the United States has indicated that it will withhold more than $437 million from the $2 billion in guarantees scheduled for this year, to reflect Israeli spending in Meir Rosenne: Appeals from many countries. the administered territories. Still, the Israeli Finance Ministry, which determines what bonds are available for the organization to sell, was not willing to pay too high a price to break 1992's record sales of $1.167 billion. This year the bonds organization was asked to sell only $1 billion worth. Mr. Rosenne also noted that the 2,500 fund-raising functions the bonds organ- ization sponsors each year in 26 countries serve a purpose in their own right, bringing Jews together "to hear reports about what is going on in Israel." This side of the bonds was highlighted in a recent Knesset debate, when it was discovered that Knesset Member Gideon Patt had not been seen in the country for six weeks. It turned out that he had been speaking first for the Jewish National Fund in Australia, and later for Israel Bonds. "These trips by Knesset members are not vacation tours, not at all," said Mr. Rosenne. "They work quite hard." He said some Knesset members refuse to speak, complaining that they "have absolutely no time to visit the museum or do anything else." Speakers for Israel Bonds receive airfare and hotel ac- commodations, but not fees. In the United States, said Rosenne, government offi- cials and other prominent speakers can easily earn $50,000 for one speech. ❑