OOOO

•

Smaller Growth
Rate Predicted

The Israel business sector's
growth rate will fall to 5 per-
cent this year as a result of the
decline in exports and the re-
cent events in the capital mar-
ket, Manufacturers Association
president Dan Propper said.
Mr. Propper predicted the
Treasury's initial growth fore-
cast of 6.5 percent will not be
attained this year.
He blamed the slowdown in
growth on the fall in industri-
al exports during the last few
months and the sharp drop in
securities traded on the capital
market.
The Manufacturers Associ-
ation -Aso blamed the slow-
down on the continued delay in
the peace process, the closure
of the territories and the after-
math of the Hebron massacre
on tourism and other sectors.
Mr. Propper said the basic
economic conditions necessary
for rapid economic growth have
not changed despite the fall in
exports and drop in the capital
market in the first quarter of
the year.
He said the business sector
remains in a good position to
raise capital from the public.
Mr. Propper said a reduction
in the unemployment rate will
be difficult with a growth rate
of only 5 percent. He warned
there could be a growth in un-
employment to 10.5 percent
compared with initial forecasts
of a fall to 9.4 percent.

Agricultural
Production Rises

Agricultural production in Is-
rael rose 2 percent last year fol-
lowing a 7 percent increase in
1992, the Central Bureau of
Statistics announced.
The prices farmers received
for their produce rose 5 percent
last year and the price of raw
materials went up 9 percent,
while the Consumer Price In-
dex increased 11 percent.
Total agricultural produc-
tion rose nominally 7 percent
to MS 8.3 billion.
Agricultural input rose 2
percent (in set prices). There
was no change from 1991 to
1992.
Last year the net local pro-
duce in agriculture (defined as
the difference between overall
agricultural production and to-
tal agricultural input) rose ap-
proximately 2 percent (in set
prices) to NIS 3 billion, corn-
pared to a 19 percent rise in
1992 and a 7 percent decrease
in 1991. ❑

• • • • • • •

•

WE BUY

:DIAMONDS
tic
GOLD

CADILLAC®

CREATING

HIGHER STA IN CoAR ICA

rf

. :
Diamonds :
• : and Fine Jewelry :
.
: . 357-5578 .

••

OOOOOO

•••••

1994

NEW 1994
CADILLAC
SEDAN DEVILLE

SEDAN DEVILLE

SINGLE UP-FRONT
PLUS PAYMENT

$0
DOWN

$1,000
DOWN

$2,000
DOWN

$42500

$ 38r

STOCK # 251614

INTERIORS BY

COLONY

RESIDENTIAL AND COMMERCIAL

DAVID SKLAR, ASID

SUGARTREE PLAZA

Orchard Lake Road at Maple

810-626-1999

NEW 1994
CADILLAC
SEVILLE SLS

SINGLE UP-FRONT
PLUS PAYMENT

$2,000
DOWN

$49r

STOCK # 811027

Michigan's Market Makers
In Coins and Bars
"Sell Where the Dealers Sell"

BNRN=TT
RARITI=S

C O R P O R A TION

189 MERRILL ST. BIRM., MI 4.8009

Phoir (31 3) 644-1124

Since 1971

FREE

Municipal
Bonds Listing

Receive Weekly Report

Member S1PC

,z1.GEdwa17is&Sons,inc

/ I / 571/1. TN

f

MS7

BOB MORIAN
313 3364200 1.0004634200

- 'Where You Come First"

Kosins

Clothes

Southfield Road
at 11 / 1 2 Mile
559-3900

NEW 1994
CADILLAC
ELDORADO

SINGLE UP-FRONT
PLUS PAYMENT

$0
DOWN

$121 200)0

$1 000
DOWN

$47r

$55800

STOCK # 608190

*GMAC SMARTLEASE 24 months. First pymt. plus $500 ref. sec. dep., down pymt. as
shown above; plate or transfer fee due on delivery. State & Lux. tax additional. wile lim-
itation of 30,000.10o per mile excess charge over limitation. Lessee has option to pur-
chase at lease end. To get total payments, multiply payment by number of months. **
Based on GMAC SMARTLEASE
PLUS 24 month one single up front
payment. plus $500 ref. sec. dep. plus
plates or transfer due on delivery. Lux-
ury tax additional. Mile limitation of
30,000. 10o per mile excess charge
over limitation. Lessee has option to
purchase at lease end.

R

INKE CADILLAC

I- 696 AT VAN DYKE

$2,000
DOWN

,

Rinke
Cadillac

VL otors
"- 1917

.S4S

-0"

7 5 8 - 1 8 0 0

If traveling west on 1-696, exit Hoover, follow Service Drive to RINKE.
If traveling east on 1-696, exit Van Dyke; take second bridge past Van Dyke over expressway to RINKE.

M TER
DEALER

Of OWATED TO
EXCELLTSCE