Arizona Republic from Phoenix, Arizona • Page 19

if ji fj -j -'J 'OIT1G3CITY Phoenix, Sunday, Nov. 15, 1970 The Arizona Republic B-5 "Increase in rates oil heigh hmy both help, hurt Onassis New York Times Service This would enable him to demand a total renegotiation of his contract. Onassis acted after resistance from the Greek military backed regime to his request for a revision of oil rates. The shortage of credits on the world money market also forced him to ask the regime to supply Greek bank guarantees for the foreign loans that would finance his industrial projects. His demands triggered a division within the a i which debated the issue last week.

Sources said the argument of Premier George Pa-padopoulos, that Onassis' investment plan was vital for the nation's economic future, was strongly opposed by Economic Coordination Minister Nikolaos Makarezos, whose economic experts had rejected Onassis' demands. The Onassis appeal is not due for judgment until January, but if the tribunal quashes the decree and Onassis renegotiates his contract, Niarchos who obtained another crude oil supply concession for 32 million tons in exchange for investments worth $200 million automatically would benefit from whatever improvements were granted Onassis. Cosine i ATHENS A sharp rise in pwld oil freight rates is making Greek millionaire Aristotle Onassis visibly richer as a but possibly poorer a budding industrialist. to forestall losses, the 64-year-old shipping tycoon took -legal action last week in a bid it force a revision of his $600 rnlllion investment contract with the Greek government. This agreement, signed last January, would turn him into 'Greece's leading industrial mapate within the 1970s.

It gave Onassis a concession to Supply 64 million tons of crude oil to Greece in exchange for a pledge to build a $600 million chain of industries. the profit-making margin for the crude oil transaction, which had made the deal so lucrative but had already narrowed by stiff competition between Onassis and rival shipowner Stavros S. Niarchos, vanished after a dramatic rise in crude oil costs and freight rates in recent months. Onassis' associates said the oil freight, which averaged $3.30 a ton from the Persian Gulf to Greece under the January contract, stood today in the range of $8.50 a ton. To get a drastic revision of terms, Onassis appealed to the Council of State, the nation's highest administrative tribunal, to void the royal decree granting him "most favored investment" status.

Hfiggfep 1 "nrwifrmmi nn aaaawMii) pSwfl Junior Miss Diane Bramer, 17, daughter of Mr. and Mrs. Carl Bramer, 1834 E. Glen-cove, Mesa, last night was named the 1971 Mesa Junior Miss in competition at We st wood High School auditorium. Runner-up was Abby Pennell, 17, daughter of Mr.

and Mrs. A. R. Pennell, 925 W. Fairway Drive, Mesa.

Custom Meats Processing Cutting Wrapping 3001 W. Northern 944-3315 tPj UIL0III6 MATERIALS CENTFR WWW 1 1 November 15 16 2626 E.INDIAN SCHOOL RD. Hours: Daily 9-9 Sat. 9-6, Sun. 11-5 Reg.

$249. Contemporary style dual sleeper has the clean lines of modern. Kiln dried hardwood frame. Tight back construction, with loose pillow seat cushions of hi-density polyurethane foam. Includes casters, TV headrest at the homeowner's supermarket Protect your valuables with a safe-right in your own home S-2 Qualify for lower insurance premiums! New, in-flcor SENTRY SAFE 95 89 Only Reg.

$279. Early American style dual sleeper is skirted, has arm caps. Kiln dried hardwood frame. Coil spring back construction. Seat cushions of US Koylon Latex foam rubber.

'Over the Rail" steel spring bed frame. Reg. $299. Modern style queen size dual sleeper has simple, sleek lines. Coil spring tight back, kiln dried hardwood-frame.

Zippered seat cushions of 6" Latex foam rubber. Coil spring mattress. Includes arm caps. The world's lowest cost insurance against fire, theft, and loss. Easily installed in concrete floor.

Base plate only 9" 9" yet, inside is 8'. 3" diameter by 13" deep. Combination lock cannot be Solid V3" steel walls. Automatic re-locking action. Steel cover fits flush with floor.

Protect against fire- theft- loss! Underwriter's inkal cemtov t- jiniM passes, Tire, explosion, drop tests. All welded construction. Vermkulite insulation, built-in 3 number combina tion lock. Removable shelf. Outside "795 107' flirfp 11 i Special buy! 97" I five pc.

set Bridge set. Table is a big 30y2" square with vinyl upholstered top and hidden snap-Iocks for stability. Chairs have wide foam padded upholstered seats and contoured backs. Table ajid chairs are of sturdy tubular steel frame construction. Bronzetone enamel finish with parchment color vinyl upholstery.

SENTRY S-3-B Here's bonafide protection at a budget price. Deluxe fittings, 2 drawers. Carries underwriters label. All welded construction. Dimensions: Outside-24 V2" 17'2" 1 3, Inside: 15" 12" 3 number combina-tion lock and bank vault type lock bar.

s-c-o Safe-Cabinet Combo Superbly finished Scandinavian style walnut cabinet conceals model S-3 safe. Blends perfectly with any home or office decor. Safe and cabinet combination. 95 131 1 iff illiMS 95 Only 211 cit in action! Demonstration US7EU Music of the I Sunday 9-1 1 A.M. KME0 Radio I 1 AM FM 740 96.9 A I I 1 If it belongs in, on, or around your home, it's at O'MALLEYS B.M.C.

Open Sunday 5 6 Jays a eek ,:30 Tower Pla2a, Pork CM. IrLCily..