PRE-OWNED, GREAT BUYS. '91 JAGUAR CONVERTIBLE, Red $34,900 '92 ES 300 $22,900 '91 LEGEND COUPE $21,000 Foreign Debt Up $600 Million '92 ES 300 $22,900 '91 JAGUAR SOVEREIGN $22,900 The net balance of foreign debt in the economy rose $600 mil- lion to $16.3 billion last year, the Bank of Israel announced. The net foreign debt balance is defined as the total owed by the economy to those abroad, including the foreign currency balance of the Bank of Israel, Israeli bank assets abroad and estimates of the credit grant- ed by Israeli exporters to for- eign creditors. The main factor in the in- crease was a $1.7 billion growth in the gross debt, set off by a $1.1 billion growth in econom- ic assets abroad. Most of the increase in the debt is attributable to govern- ment activity, mainly the U.S. loan guarantees. The growth in assets in for- eign currency derives mainly from a growth in the Bank of Is- rael's foreign currency balance. Bank Leumi Cutting Losses Bank Leumi's non-U.S. sub- sidiaries' contribution to the bank's profits fell to NIS 20.7 million last year from MS 31.4 million in 1992. Losses from the group's U.S. operations were cut to NIS 167.7 million from NIS 348.1 million. Bank Leumi Trust Compa- ny of New York (BLTNY) re- ported a $0.6 million net profit, compared with a loss of $13.9 million in 1992. But, after adjusting for in- flation, the profit turned into a NIS 8.43 million loss. The BLN Corp. ended the year with a NIS 158.21 million net loss, compared with a MS 266.78 million net loss in 1992. "The overseas subsidiaries had a negative contribution to Bank Leumi's earnings, but we're starting to see the fruits of the implementation of reor- ganizational measures," Leumi general manager David Fried- man said. "We expect to stop losing in New York in 1994, where we're left with only seven branches," he said. "In England, we've re- duced six branches to one. The Swiss subsidiary's earnings are very good. We're losing money in France, but this will change." In 1825 Mordecai Emanuel Noah, a well-known politi- cian and journalist, attemp- ted to buy Grand Island in the Niagara River as a city of refuge for the Jews of the world. '90 LS 400 $23,900 '91 LS 400 $26,900 '92 SC 400 2-door $32,900 '92 LS 400 $34,500 '94 SC 300 $41,900 '93 SC 400 $42,900 '93 GS 300 $42,900 Li_EXLJ of LAKESIDE NO-LOAD FUNDS THE TOP PICKS FOR 1994 If you qualify, you're invited to what is sure to be the most valuable investment workshop you've ever attended. NO-LOAD FUNDS: THE TOP PICKS FOR 1994 goes beyond the general information you've heard before at other seminars, be- cause at the TOP PICKS WORKSHOP you'll actually get spe- cific advice on what to buy now. You don't need any previous mutual fund experi- ence to benefit. THE TOP PICKS WORKSHOP will be led by nationally recognized mutual fund expert RONALD M. YOLLES JD, CFA Mr. Yolles is frequently quoted in national publi- cations such as The New York Times and Money Magazine. WHEN: THURSDAY, APRIL 14th - 10 a.m. WEDNESDAY, APRIL 20th - 10 a.m. TUESDAY, APRIL 26th - 10 a.m. WALL SESSIONS WILL CONCLUDE BEFORE NOON. A DIVISION OF THE MEADE GROUP 1-313.726-7900 1.800-486-LAKE M-59 (Hall Rd.) at Schoenherr Across from Lakeside Mall $$$$$$$$s$$$$ Ta ke $. A 111 A Due to the advanced nature of the TOP PICKS WORKSHOP and our limited seating, atten- dance must be limited to investors who have port- folios of $125,000 or more (not including real estate). If you are a qualified in- vestor and do not work for an investment firm, there is no cost to attend. Confirmed reservations are required. No walk-ins permitted. YOLLES INVESTMENT MANAGEMENT, INC. . FOR RESERVATIONS CALL (810) 356-3232 YOU CAN AFFORD $1,000,000 LIFE INSURANCE c4 $ HOUSEHOLD a $ lw $ Bloom ; shot, go R esale K $ ,250, ake Rd (at hard L 24arbx $ 681-541-1 . m°71--Sat, 10-5 Call for Run .gnment App, or $ .1) ; & $ $ $ $ $ Your Premium Guaranteed To Stay The Same For The First 10 Years $1,000,000 (Preferred Non-Smokers) ANNUAL RATES MALE 780 850 1250 1 740 2620 5960 AGE 30 35 40 45 50 60 FEMALE 610 700 850 1250 1740 3510 Rates are a combination of Jackson National, Old Republic & Kemper. All rated by A.M. Best Company DESIGNS UNLIMITED CALL 810-3544111 FORA QUOTE. "THE FINEST IN CUSTOM CABINETS FOR HOME OR OFFICE' er Plans A vai l ab l e For pent Showroom hours: Mon.-Fri. 11-5, Sat. 11-3 or by appointment. en 624-7300 DOCTOR DISCO Kaufman Insurance and Financial Planning Group Jerald Kaufman, CLU, ChFC "the specialist in party directing" CALL: JEFF 855-5571 K 21411 Civic Center Drive ■ Suite 204 ■ ea lrtl troy ~ (81 0) 354-41 11 ■ Southfield Advertising in The Jewish News Gets Results Place Your Ad Today. Call 354-6060 C) C) c , 0 53