Finance Minister Zeev Sharef appealed to the Israeli public yesterday to make special efforts to subscribe to a national security loan in order to cover at least one-third of the $350 million cost of 50 Phantom jet supersonic fighter-bombers which Israel will buy from the United States. Mr. Sharef, who also heads the Ministry of Commerce and Industry, said the Government hoped to raise some $95 million from the public and from local banks. Moshe Kashti, Defense Ministry director general, said in Jerusalem yesterday that despite the rapid growth of its armaments industry, Israel still was buying abroad war materials valued at more than eight percent of its gross national product. He added that French-made Israeli aircraft would be able to continue in operation indefinitely because Israeli industries can make most of the needed spare parts.
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