oksdesffet
State Revenues
Fall Flat
9459 *
No Security
No 1st
Payment Deposit Required
expanded by $3.6 billion, the Cen-
tral Bureau of Statistics reported.
The balance of payments, or
current account, includes the bal-
ance of trade and balance of fi-
Israel state revenues were flat
nancial transfers.
last month compared to Febru-
According to economists, the
ary 1994, totaling MS 6.2 billion, significant worsening of the bal-
as economic activity stabilized, ance of payments was primarily
State Revenues Director Yoram
due to a large consumption in-
Gabbai reported.
During the first two months of crease.
the year, tax receipts were un-
changed compared to the same
period last year, reaching MS 14
billion. However, adjusting for
legislative tax changes, revenues
rose 3 percent.
Elscint reported a 61 percent drop
in annual net profits to $10.1 mil-
lion from $26.35 million in 1993.
Revenues rose to $234.8 million
from $237.8 million, while price
per share fell to $0.13 from $0.33.
The Israeli company said a
Taxes on vehicles and durable highly competitive health-care
consumer goods made up 69 per- market and an increased em-
cent of Israel's tax revenues from phasis on research and develop-
imports last year, although these ment were responsible for its
goods amounted to only 15 per- poor showing last year.
cent of all imports, excluding di-
Last year, Elscint acquired the
amonds and fuel, the Central
MRI business of Otsuka Elec-
Bureau of Statistics reported.
tronics and the ultrasound busi-
The tax rate on durable con-
ness of Ausonics (Pty) Ltd.
sumer goods dropped to 59.8 per-
cent from 63.4 percent in 1993 as
a result of reductions in purchase
taxes on entertainment equip-
ment such as radios, photo-
graphic equipment and the like.
The normal deadline for local
The tax rate on non-durable
news and publicity items is
consumer goods, such as food,
noon Thursday, eight days pri-
beverages, clothing and medi-
or to issue date. The deadline
cine,s, dropped to 18 percent from
for birth announcements is 10
20 percent in 1993.
a.m. Monday, four days prior
to issue date; out-of-town obit-
uaries, 10 a.m. Tuesday, three
days prior to issue date.
Bad Year
For Elscint
Vehicles, Goods
Top Imports
1995 Sedan DeVille
Power Sunroof
with every Lease!
Publicity
Deadlines
CADILLAC.CREATINGAIIIGHERSTANDARD.
7100 ORCHARD LAKE RD.
O
)VA.GrzoturtizueA
-
allivendoMod.lies.nHwy.
Igitivas
WEST BLOOMFIELD
• 30 Month GMAC LUXURY SMARTLEASE start at 5459tmo. Example based on
538,062 MSRP. Price Is plus 6% Ml use tax, title, plate fees, federal lux., tax, • 1,800
cap cost reduction and 12,000 mile limitation, 15c(mile thereafter. Customer re-
sponsible for excess wear and tear. Vehicle may be purchased at lease end for
526,780.96 • tax. Previous sales, option 1 and p.e.p. vehicles excluded. Offer ex-
pires 3-31-95. Customer must currently own or lease any Cadillac to quality for
Cadillac loyalty special. Prices slightly higher otherwise.
Gain Access to
Outstanding
Investment Managers
PaineWebber has the key to finding the right
money manager for individuals and institutions
with portfolios of $100,000 or more.
Find out about PAINEWEBBER ACCESS:
a comprehensive approach to
total portfolio planning and management.
For a free consultation call
Gerald E. Naftaly or Alan A. Gildenberg
at (313) 851-1001 or (800) 5334407.
851-72CM
HOURS:
Mon.-Thurs. 8 am-9 pm Fri. B am-6 pm
NEW! From
The Button Men
Fun Food Catering For
Your Private Party!
Corporate • Bar Mitzvahs • Wackings
COTTON CANDY • CANDY APPLES
FROZEN YOGURT • FUNNEL CAKES •
CONEY ISLANDS • FROZEN BANANAS •
CORN DOGS • POPCORN • SNO.KONES
(810) 960-7617
PaineWebber
We invest in relationShips.
32300 Northwestern I Iwy., Suite 150 Farmington Hills, NH 48334
Israel's Payments
Deficit Doubles
Israel's balance of payments
deficit doubled last year to $2.76
billion from $1.37 billion in 1993
as imports of goods and services
LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES
Symbol
SC1XF
EC1LF
TEVIY
IEC
Name
Exchange
Mar. 3 Mar. 10 Change
Scitex
NASDAQ
'18.13
'18.13
EC! Telecom
NASDAQ
'15.25
'14.560
Teva Pharm
NASDAQ
'27.81
'29.88
'2.07
PEC Israel
NYSE
'21.50
'22.00
'0.50
ELBTF
Ellirt Computers
NASDAQ
'17.38
'18.25
'0.88
ELT
Elscint LTD
NYSE
'1.88
'1.88
'0.00
ELRNF
Elron Electronics
NASDAQ
'8.44
'9.13
'0.69
TAD
Tad iran
NYSE
'16.75 .
'17.88
'1.13
CMVT
Comverse
NASDAQ
'12.63
'12.38
LANTF
Lannet Data
NASDAQ
'20.63
'18.13
ISL
First Israel Fund
NYSE
'9.50
'9.75
McriihersIVC
DAVE E BROWN
Sales & Leasing Consultant
CA)
525 S.
Fred Lavery
INFINITI.
Hunter Blvd., Birmingham, (810) 645-5930
, 'Robert GMann
8, more
TELEGRAPH & MAPLE ROAD
All material must be type-
written, double-spaced, on 8 1/2
x 11 paper and include the
name and daytime telephone
number of sender.
$0.00
'0.25
Source: Allen °lender, Prudential Securities,
West Bloomfield.