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.