The Montgomery Advertiser from Montgomery, Alabama • 17

SUNDAY, JUNE 5, 1977 Sije iSmttgnmpnj AJmrrttm ALABAMA JOURNAL PAGE 5B Corporations Leaving Lebanon. Head for Athens ATHENS Oiwiidi ATHENS, Greece AP) TV 0 rents and services, and arguing that Greek restored "is effectively dead." He said the evacuee companies have already faced adds, is leading the government to streamline commercial laws further. He said current proposed revisions include permission for foreign adjustments in foreign spending requirements, and a review of fiscal arrangements involving taxation, international banking facilities, and free port facilities. He noted the success of the Greek laws in attracting foreign concerns has led to their "exact copy" by Jordan and Cyprus, but without any visible effect on Athens. commercial interests are threatened.

Ball rejects the criticism. He said his committee's survey showed there are now about 2,500 foreigners working in the companies, spending over $70 million a year here without any investment burden by Greece. He said they are additionally creating employment opportunities for Greeks and raising their technological level. The realization of the advantages, Ball from Beirut are Citibank, Chase Manhattan, International Harvester, Ampex World, ITT, Boeing, Ingersoll Rand, Goodyear, Wilkinson Sword, Esso-Chem Neareast and General Motors. The more recent arrivals, not originally based in Beirut, include Sterling Products International, Fortec, Hill-Rom and Hewlett-Packard.

Of the companies which moved to Athens due to the Lebanese upheaval, Ball said, less thanfive per cent have returned since the establishment of relative peace there. He said this involved mainly one-man operations, banking representatives, or all-Lebanese concerns. The "Beirut invasion," as it is commonly known here, has not passed without criticism, however. Many Greeks and political opposition parties are protesting related cost-of-living rises, especially in if the present pace continues there will be up to 500 commercial multinational companies with regional area headquarters in Greece by 1980. Ball noted three stages in the bid by Greece to attract foreign concerns and badly needed foreign capital: The 1967 Middle East war and the passing by the then-dictatorship of laws offering favorable terms for the establishment of foreign companies the Lebanon upheaval, and now further streamlining by Greek authorities of the legal framework.

The original 1960s settlers include, according to Economic Coordination Ministry listings, such major corporations as Union Carbide, Abbot Laboratories, Eli Lilly, Coca-Cola, Ford of Europe, National Cash Register and Welcome Foundation of Britain. Among the most notable which arrived enormous establishment costs and are staying with bold encouragement from Greek authorities. He added that the phenomenon now has arisen that most of the companies coming to Athens in recent months were not affected by the Lebanese turmoil but saw-Athens as "the best launching pad to the Middle East, Africa and even Athens is perfectly poised geographically and is in fact on the way to becoming the eastern counterpart of Brussels, Ball said. "True," he added, "there are many Beirut-lovers who would want to go back. But they realize the Beirut they knew may never be restored." 1 Several multinational company One hour II scores of multinationa-companies from war-torn Lebanon to Athens has made this Creek capital a rapidly developing international business center, an American survey shows.

It says that the success of firms that moved from Beirut after the civil war iroke out in Lebanon in March 1975 has prompted other firms not connected with to make Athens their regional headquarters as well over the past six months. Gordon Ball, American-Hellenic Chamber of Commerce liaison committee chairman for U.S. multinational companies, said the committee's survey shows 250 commercial multinational companies are now using Athens as their regional area headquarters, double the figure 18 months ago. Of these, he added, more than 130 are American, with another 40 currently considering or applying for establishment. This means a 30 per cent increase over the 99 American multinationals here in October last year.

The Japan External Trade Organization here said 17 Japanese regional area headquarters have also moved to Athens. Ball said the original i ea of the companies returning to Beirut once peace was win1 CtlTI'IIS THE MOST IN DRY CLEAHIHO ty u'i' nn trf "'-wit "in spokesmen said Athens was convenient from the point of view of the commercial-legal framework, political stability, satisfactory living costs, telecommunications, travel, schooling, housing, supplies, cosmopolitan entertainment, climate and cultural environment. They cited Greece's planned entry to the European Common Market as an additional attraction. The committee's survey concluded that THIS WEEK'S SPECIALS 111' m.imii,mni m. nm iiunro.Mniimiij.nim.iLi j.i.t iiji immvtmmreammmnmmmm WE ARE nOW CLOSED OH SUNDAYS, SO OUR EMPLOYEES CAN HAVE A HEEDED REST.

WE WISH TO THAfflC YOU FOR YOUR PATRONAGE DURING THE PAST MOUTHS. OUR REGULAR HOURS ARE 8:00 A.M. TO 5:00 P.M. MOH-DAY THROUGH SATURDAY. VISIT US DAILY! WE CARRY AHY THIHG YOU 1MAY HEED III LAWH GARDEH Total of 633 Grads Getting AUM Deg rees A total of 633 degrees, SPECIALS GOOD JUNE 6th, 7th, 8th Douglas B.

Aitken, Paschai A. Aquino, James T. Billlngsley, James E. Birmingham, James Watson Bra-din, Joseph Kent Britan, Rex Delaine Broome, William L. Bryant, Larry Alan Darda, Phillip Owen Davis, Virgil D.

Detrich, Robert V. Jefferson, Donald K. Johnson, William J. Kennedy, Richard Marclnko, Edwin W. Peura, James Edwin Ray, Joseph John Redden, James Paul Soden, Jeanne W.

Rueth, Sylvia R. Nowling. AUTAUGA Bachelor degrees: Terry Dale Bow-en. Jack G. Piatt, Keith M.

Tamovich. hi I 'ALABAMA'S LARGEST Master degrees: Diane Hudson, RETAIL NURSERY' i- 417 West Fairview Ave. 265-6643 5310 Atlanta Hwy. 277-3321 John W. Peterson, Edward T.

White, Jr. BUTLER Master degrees: Glenda Fritz, Allison M. Marsh, Ada S. Thompson. COFFEE Master degree: Margaret Weeks.

CHILTON Bachelor degree: Sara C. Elliott. 3128 Atlanta Hwy. 272-2974 419 Cloverdale Rd. 263-6658 V2 MILE SOUTH VETERANS HOSPITAL ON PERRY HILL RD.

272-0813 II I II I I I Mill! IM II III. II I .1 III I I I I I I II I I II II MM I I Lewis, Terry F. Sellers, Margaret E. Simms, Geoanne Urotherston, Marsha A. Cameron.

Master degrees: Donald R. Boyken, Harry 1. Brown, William M. For-man, George Geesey, Charles E. Grant, Stephen R.

Hopkins, Lawrence A. Kreh, Rex E. Lewis, Earnestine B. Linder, Eric A. Ollie, Joseph C.

Pine, Richard C. Pirsig, Howard G. Purdes, Floyd H. Russell. William C.

Stancik, Glen W. Stovali, Karen L. Tabala, Ann Carol Worthy, Ernest M. Brown, Jimmie R. Campbell, Larry D.

Dillingham, Roy A. Gilliland, George P. Golden, Mark H. Lilian! Ill, William E. McDermott, Robert T.

Ma-caluso, Henry M. Reed II, Harry G. Rudolph, Albert H. Schroetel, Janice Beasley, Karin M. Blair, Wanda Newsome Burt, Jackie Wayne Hall, Naney Inez Law, Sandra J.

Lundberg, Roma L. Shearin, Levi J. Sides, Susan B. Snider, Pamela E. Terllng, Betsy S.

Watson, John Agnew Wilson, Anne Spencer Park. Gerald Aschenbren-ner, Gary Clarke, Charles E. Magaw, Michael J. Povich, Charles R. Price, William A.

Roosma, Hans F. Roser, Herbert Gary Roser, Wayne R. Sander, Albert R. Schmidt, Melissa Ann Lewicki, Alabert Edward Mazei, Jerry L. Shoemaker, Karen L.

Slattery, Serge A. Chemay, James H. Fauske, Keith W. Geiger, David A. Heldeman, Robert K.

Merritt, Frank Plescha, John S. Puster, James M. Simpson, Floyd Emory Snyder, Sammy F. Davenport, Jack Oscar Bell, John Michael Cloud, William A. Hyland, Debra Ann Long, S.

Nell Rucker, Luther H. Waller, Jayne M. Love, Raymond Crepeau, D. Richard Smith, Laurie T. Lanier, Dean Arthur Roome, James N.

Allburn, Larry Keith Arnold, Ronald W. Balnton, Michael L. Brazellon, Robert E. Brown, Daniel Edward Busse, Zell Cantrell, Paul Norman Chase, James G. Collins, William M.

Conley, Howard Lee Dixon, Thomas Eavenson, Mark COVINGTON Master degree: Joyce Hicks. ELMORE Bachelor degrees: Curtis H. Brantley. Garie Justice Ellis, Kenneth B. Findley.

J. V. Glenboski, Gloria H. Hicks, Richard Ray Law, Leonard D. McCormlck, Debra Barrett Nix, Warren M.

White, Marsha T. Williamson. Master degrees: William R. Bridges, Craig A. Lindberg, Donald Vaughn Otey, Dwight E.

Pedersen, Francis J. Schmidt. Paul Ray Sides. LEE Master degree: Fred T. Noggle, Jr.

MACON Master degree: Maurice Elliard. MARENGO Master degree: Iris Davis Lartey. TALLAPOOSA Bachelor degrees: James T. Davis, Mary E. Davis, Robert R.

Neighbors. Master degree: Thomas J. Sprag-gins. WILCOX Bachelor degree: Reglna King Jones. 300 bachelors and 333 masters will be awarded in the second formal graduation ceremonies to be held at Auburn University at Montgomery on June 10.

The 7:30 p.m. ceremonies in the Physical Education Teaching Complex will include graduates from the preceding summer, fall and winter quarters, as well as the current graduates of the spring quarter. A total of 287 people have qualified as candidates for graduation for the spring quarter. Candidates for spring quarter from south-central Alabama counties are: MONTGOMERY Bachelor degrees: Edward B. Fie-der, Bettina C.

Jenkins, Ted Eugene Brooks. Oliver E. Schlaegel, Douglas W. Simpson, Margaret H. Young, Elizabeth E.

Byrne, Patricia A. Cris-mond, Mary Ann Derico, Harvey B. Fordham, Susan Grace Gordon, Re-xell Lee Gurley, Paricia E. Mathews, Barbara K. Erickson, Ramon Lamar Famell, Mary L.

Grayson, Miketl Edward Hall, Robert D. Hickman, Forrest S. Jenkins, Sharon E. Mehnert. Elsie L.

Middleton, Eva Martin Moore, Lorene M. Pennington, Catherine L. Wiggs, Patti L. Aldrige, Jud-son D. Beta, Donjette Gllmore, Michael A.

Hand, Travis L. Presley, Theresa A. Rompf, Cecil G. Brendle, Gene W. Thrailkill, Jerry Burton, James C.

Ellis, David A. Guy, Charlestine D. Hardy, Louis G. Herman, Ronald Hicks, Robert W. Wing-ard, William M.

Chiles, Ray H. Liddell John W. McDaniel. Brands W. Du-roen, Frances R.

Miller, Jacquelyne P. Pair, Janet Louise Faries, Byron D. Prescott, Lawrence M. Rock-lin. Marie N.

Berry, Mary B. Bowers, Bullock, Marsha Ann Clayton, Cindy C. Gilliland, Priscilla Glasscock, Brenda K. Jones. Paula D.

Ma-terna, Sandra F. Mitchell, Diane P. Sellers, Nancy S. Smith, Susan B. Linda S.

Vanlahr, Connie M. Willette Sue Welch, Alan S. Craig. James D. Endicott, William P.

Rhodes, Stephanie Alexandres, Aim H. Briggs, Gerald Chrietl-Ibert, Deborah K. Estea, John Earl Hughes, Melissa B. Rainey, Laura Elaine Reed, Tresa L. Summerlin, Dane F.

Clarke, George A. Garion, Kathleen M. Killian, Steven R. Mon-lon, Susan Phillips, Cliff Robinson, Rhonda Huffman, Deborah P. Most people know the advantages of owning a home.

There is the security of knowing you have a growing investment. The pricie of ownership. And at income tax time you get a break on mortgage interest. With these advantages and labor and building costs going up like they are, it makes sense to buy now. The question is where to get your home loan? The answer is simple, 1st questions you have.

They'll tailor your mortgage payments to your best interest at reasonable terms. Satisfied with your present home? Remember that a home improvement loan can help add more beauty, comfort and value to your home, st Southern loan counselors will be glad to help you with a home improvement loan up to Whatever your home loan Erickson, John R. Fischer, Charles Justice, Ronald M. Lebert, James R. Letterheads McConnell, Terrance M.

McLean, Jack S. Mathews, Richard B. Myers.Tad J. Oelstrom, Albert B. MCtX MISS FOlflt Southern Federal.

Our loan counselors are experts in their field. They can talk to you plainly and will answer any needs, come by or call 1st Southern, we know how to treat you right. You might call it 1st Southern House pitality. Jackie E. Sikes, Thomas A.

Spruston. John R. Stephenson, Hiroshi H. Ta-bata, Dalton Wirtanen, J. Lawrence Adkinson, Lloyd H.

Barton, Daniel T. Benn, John Edgar Blanck, Leo H. Breslui, Edward L. Burchfield, Thomas M. Dascbbach, Bruce Emerson Dunn, Rodney Dale Ford, David A.

Fossmeyer, D. B. Gordon, Richard H. Gray, John Griffith, Don K. Han-na, Robert A.

Hefford, George M. Hess. Philip Allan Hickok, Marshall G. Hunt, Gary H. Laiarottl, Jeffry L.

Lightner, Larry Eugene Lowe, Leo Raymond Lujan, John J. Mitchell, Thomas E. Muccino, John S. Murphy, Nathaniel R. Roache, Richard L.

Sauer, Zack H. Shelly, Clarence Neal Sims, Edward J. Stein, Harry C. Stevenson, Richard S. Stnink, Billie H.

Vincent, Earl J. Wiese, NEW YORK (AP) A recent survey of over 5,000 letterheads by the Cotton Fiber Paper Council shows that more than 80 per cent of business letterheads may not be doing their primary job: helping businesses identify themselves. The survey analysis found that the vast majority of letterheads had poorly placed logos or logos that reproduced poorly in small scale. (30BAYELEJFT TO SELL MvY- t. 'I xf I b'KTL iiy.

188 A3ILLAS FROM: COBBKIRKLAND MOTOR COMPANY TO: MONTGOMERY, ALABAMA Thanks Montgomery! Because of your support we've grown to become one of Alabama's LARGEST CADILLAC DEALERS. To Really say thanks, we are making the following pledge to you 1. To sell our objective of 138 Cadillacs In 60 days. 2. To sell these Cadillacs at the greatest savings in the South.

3. To offer you the most pleasing and friendly atmosphere in which to do business. 4. To offer you the most courteous and efficient service anywhere in the South's newest and most modem facility. MAKE US PROVE IT TO YOU PERSONALLY T.I.

McCain General Sales Manager We're Here On Your Account We Believe In You Phillip Lemon Barbara Minrey Montgomery-East S308 Atlanta Highway Montgomery, Al. (277-6MO) Howard Smith Montgomery Downlown 100 Commerce St. Montgomery, Al. 3610 (265-I56S) Pratlvllle 704 E. Main Street Praltvllle, Al.

36067 (361-0220).