THE 1997 CADILLAC DEVILLE... AN AUTOMOTIVE SPA ON WHEELS Exports Rose In October Jerusalem (JPFS) — Exports of §tk# V224005 RINKE CADILLAC cg, MASTER DEALER DEDICATED TO EXCELLENCE No More Scraping Ice! Start Your Car Without Going Outside!!! — WINDSHIELD REPLACEMENT $60.00 TO REMOTE CAR STARTER $ 7 1 0 OFF Your Deductible* Lifetime Leakproof Guarantee $ 1 9 or less Keyless Entry Available Expires 12-31-96 Installed • Most Vehicles • Call for Details With Coupon. Expires 12-31-96 *Restrictions Apply Call to find out about other "STAR" Services FARMINGTON HILLS 29709 GRAND RIVER 810-476-5757 WALLED LAKE 1705 W. MAPLE RD. 810-624-3060 Brazil Sells Chemical Company Jerusalem — The Israel Finance Ministry's plans for additional cuts to the 1997 budget do not in- clude proposals to increase tax- es, ministry spokesman Eli Yosef said. Finance Minister Dan Meri- dor and senior Treasury officials presented their recommenda- tions for cutting an additional $800 million from the budget. Jerusalem — Makhteshim and Agan, both subsidiaries of Koor Industries, have each purchased a 42.5 percent stake in Defenpar Participacoes, a Brazilian com- pany engaged in agro-chemicals, for $19.8 million. The purchase is in the frame- work of the Makhteshim-Agan group's strategy for intensifying its presence in international mar- kets in the agro-chemicals seg- ment in an attempt to facilitate sales to target markets. Up until now, Defenpar was owned by 14 agriculture cooper- atives engaged in production of agro-chemicals. A few senior De- fenpar managers will continue to hold about 10 percent of the company's shares. Defenpar is a holding compa- ny mainly engaged in production and marketing of crop-protection chemicals, primarily through its subsidiary Defensa-Industria De Defensives Agricolas. Defenpar is also engaged in production and sale of veterinary, biotechnology and other chemical products. The company's 1995 sales turnover amounted to $80 million, in- cluding 30 percent to the export market. Kardan Fund With Japanese Super Dvora Sold To India Jerusalem — Kardan Ventures announced the establishment of a joint-venture capital fund be- tween its Kardan Technology subsidiary and the Long Term Credit Bank of Japan. The fund, which currently has a base of $4 million provided by Kardan Ventures, is expected to reach a total of $50-70 million. LTCB has said it will raise $15 million — $20 million from Japanese blue chip companies within the next three months. The fund will provide funding for Israeli biotechnology and high-tech companies. Jerusalem — Israel Aircraft In- dustries and an Indian company have signed an agreement for the sale of the Super-Dvora II to the Indian Navy, executives said. In a contract signed by the In- dian Navy, IAI's Ramta division will manufacture, along with Goa Shipyard, the attack aircraft. Goa is part of the Indian consor- tium Vasco de Gama. Ramta manager Natan who did not disclose the amount of the contract, said the deal marks a turning point. "This is a breakthrough for the sale of the Super-Dvora to India and IAI and Ramta expect this will lead to other sales to the Indian Navy and its coast guard," he said. The Super-Dvora II is built for round-the-clock coastal surveil- lance and reconnaissance, rescue operations and transport of com- mando forces. It serves in six navies worldwide, including the No Plans To Raise Taxes *GMAC SMARTLEASE 36 Mos. First Pymt, Ref. sec. dep. of S600. Down payment as shown above, plate or transfer fee due on delivery. State & lux. tax additional. Mile limitation of 36,000. 15c per mile excess charge over limitation. Lessee has option to purchase at lease end. Sedan DeVille $21,628. To get total payments, multiply payment by number of months. If traveling west on 1-696, exit Hoover, follow Service Drive to RINKE. If traveling east on 1-696, exit Van Dyke; take to second bridge past Van Dyke over expressway to RINKE. Israeli goods increased at an an- nual rate of 20 percent in Octo- ber, after increases of 18 percent and 14 percent in September and August, according to israel's Cen- tral Bureau of Statistics. Economic activity and exports grew and there were signs of a slowing in consumption during September and October, accord- ing to a collection of economic in- dicators published by the CBS. This is the second bimonthly collation of figures indicating a possible reversal in the Israeli economy's slowdown. Industrial production in- creased by an arml iAl 5-6 percent, in comparison to the 3-4 percent registered from March to June. Israel's Cost of Living Index has slowed since May. In Octo- ber, the index recorded an an- nual inflation rate of 4 percent. The shekel exchange rate against a basket of currencies rose 10 percent in the last two months after reductions in July and August. ernment's so-called options pro- gram, deputy-spokesman Ofir Akoonis confirmed. Until now it was understood the program, which involves dis- tributing to the public free vouch- ers that could ultimately be used to purchase shares in firms that stand to be privatized, was not favored by Prime Minister Binyamin Netanyahu. Privatization Still Viable Jerusalem — The Israel Prime Minister's Office currently is ex- amining which companies it can privatize by using the Labor gov- Israel Navy.