Jill Franklin of Bob Sellers
Pontiac-GMC has been named
by the Pontiac-GMC Division to
the Pontiac Master Sales Guild
for 1996. Ms. Franklin has been
a new car sales and leasing agent
since February.

The Royal Oak Chamber of
Commerce annual corporate
meeting/luncheon and installa-
tion of board will be held 11:30
a.m. Tuesday, Jan. 14, at the
Royal Oak Brewing Company.
For reservations, call (810) 547-
4000.

A free wills and trusts work-
shop will be offered by John

Polgat Wins
Export Orders

Jerusalem (JPFS) — Polgat has
received orders to export woolen
material to leading wool manu-
facturers in Australia, New
Zealand, South Africa, South
America and Japan.
The company announced the
orders for its Easy Flex product,
a material exclusively developed
by Polgat. The material is already
sold to the European and United
States markets.
Polgat forecasts exports of Easy
Flex material will reach $30 mil-
lion in 1997, compared with ex-
ports of $24 million in 1996 and
$18 million in 1995.

Frenkel, Meridor
Reach Compromise

Jerusalem (JPFS) — The Israel
Treasury and the Bank of Israel
said they reached a compromise
agreement on multi-annual in-
flation targets.
In the past, Israeli govern-
ments have refrained from strin-
gent, long-term fiscal
commitments.
According to the agreement,
the government will see to it that
the rate of inflation will decrease
by the year 2001 to that which
prevails in "the industrialized
states of Europe," according to
a joint statement by the two
agencies.
As for the 1998 rate, it was de-
cided that it will be fixed during
the first half of 1997, before dis-
cussions on the 1998 budget be-
gin.
The belief in the Treasury is
that it is impossible to make ac-
curate mid- to long-term predic-

Hancock Financial Services
and estate and long-term care
attorney Don Rosenberg at 1:30
and 7 p.m. Thursday, Jan. 9, at
the Mt. Clemens General
Building, Gratiot and 16 Mile.
For reservations, call Dave
Howard, (810) 792-3939.

Lawrence M. Slutsky, per-
sonal financial specialist, cer-
tified financial planner and
member at Morof Sheplow We-
instein, PLC, has-been award-
ed the personal financial
specialist designation by the
American Institute of Certified
Public Accountants.

tions, and any such targets
should only be set for the coming
year.
The Prime Minister's Office is-
sued a statement saying the
three officials arrived at a strate-
gic approach to inflation.

•

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.

Tourism Slump
Will Persist

Jerusalem (JPFS) — The slump
in tourism to Israel, which has be-
set the country for most of 1996,
is expected to continue through
the first quarter of 1997, accord-
ing to Avi Rosental, director of the
Israel Hotel Association.
Mr. Rosental reckons the first
signs of recovery can only be ex-
pected toward Passover, when
hoteliers are hoping for an up-
swing in the Jewish and Christ-
ian pilgrim markets.
The national average for hotel
occupancy in November was 60
percent, a drop of 13 percent in
comparison with the same month
in 1995, according to the associ-
ation. However, it also noted that
in the course of the year an addi-
tional 1,700 hotel rooms had been
opened, adding 5 percent to ca-
pacity.
There were 695,000 bed-nights
by foreign tourists, 32 percent less
than during November 1995. The
drop was felt throughout the coun-
try, with the greatest decrease in
kibbutz guest houses, which had
39 percent fewer tourist guest-
nights. Jerusalem had a 31 per-
cent fall in occupancy by foreign
tourists.
The overall decrease in foreign
tourist stays for January through
November 1996 was only 6 per-
cent, because of the sharp increase
in tourism during the first months
of ft: vear.

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