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I V ; ;v^No. 31,806 




JJ.S. Combat Role 

^me Latin 

'•'r . ■ 

with an agonizing choice about the 
use of American combat troops." 

The administration routinely re- 
fers to the : insurgents seeking rite 
overthrow of theWcaragnan gov- 
ernment as freedom; fighters. 

T Sh wfa Waite hK T «mir lf4 in a 

t the American Bar Assod- 
i stan dins committee on law 
v ' J ‘ --e-j.’ tropin combat in Central Amen- ant ^ national security. He said that 
I,,, V—- r . the use of combat troops was “not 

By Bernard Gwerbman 

New York Tima Senice . 

WASHINGTON —Secretary of 
State George P. Sbnltjs has wanted 
i j . that if Congress Tails to aid the 

/■ . .Mr. Shultz has been 
teig r since February that failure -to 
\ ; the rebels would increase theriskof - 

1 - direct UR involvement, but hdr 

P ..‘ ther he oor any other semor adimn- 

oorpoHcy" and that he was certain 
it vas not desired by critics. 

‘ "We want a negotiated settle- 
r meht, " he said. But fie added that 
"negotiations, especially with 

; ■ 7 istration official had spdtezt tfirect- ca ™ ot sncceed Qn * 

ly of combat troops before less backed 

ci r /Thursday. 




. Shtd 

d by strength-' 

1 Mr. Shultz's critidsm of 

Itzsaid that same aides 

! » j*. 


; real threat comes.' 

" ■•'-ffs- “But by refusing to help the free* 
.*• r '; j dom filters, even with humamtar- 
■ •* s • line pr.; 120 ^d," he said, "they are bastea- 
1 ;-- :i s. ^.'ing the day when the threat will 

' . -L'^grow and when we will be- faced 

U« i:dnri,i % * — ' 




11 Nations 
Set Partial 

Money Part 



> X 

By Paul Lewis 

. ; .7 New York Tima Service . 

. PARIS — Eleven wealthy de- 
- ."- mocracies have agreed on a modest 
: reform of the world’s monetary sys- 
\wiem aimed at promoting greater 
currency stability, according to of- 
'fi rials involved in the negotiations. 

The accord would provide for 
■mwclose examination of each other’s 
order to bring 

KMs 1'sTt? 


I'M; <di 




A* A 


the officials 
last wed: at a 
i S meeting of high monetary officials 
at the Bank for International Set- 
tlements in Basel, Switzerland. 

'n The purpose of such surveil- 
‘^ce, they said, would be to pro- 
^te overalT cuiTaKty stabflity by 
-Jncouraging govenanents to pay 
jjwre attention to themtaactibnof 
L--. iT'J»r domestic policies with those 
- .' Kjy other nations. The economic 
' policies of major countries would 

■ ‘ - r “■/’oe subjected to peer review and the 
1 — membtfs of the grotro would be 
-..7^tdk»^d;To con^ilaui about actions 
• ■ .-i that migbt barm them. 

^ The negotiaiiwis were conducted 
•-*: -by the Group of 10, the top mone- 
tary offkaalsfrom The 11 leading 
'^rindustrid countries outside the 
' ComnamarWoc The members are 
^ -y Bd^um,.ltitazh, Canada, France; 
■*? West Gfcttatuw; Italy, Japan, the 
Netherlands, Sweden, Switzerland 
, .r . and the United States. The original 
-j 10 wcrelalwjoinedltySwitzeriand 
-* Tire agreement bzmgs to an end 
talks between tbesri countries on 
ways of Stafrttping CTahangc rates. 
-■ Si The dsariwBK Jbepn fdlowing 
. •« ; the Wflliamdnits-'eoonanre sum- 
•• . ^rjitnreetix® m IS©. ■ 

- m k 3^«forni‘^«i,.wtohatiU re- 
i ■ ' quires final mnnstaial approval, 
r . ‘ acceptsihe piesaUsystem of float- 
^ ing exchange rates and rules out 
• any return to fixed values in the 
foreseeable future. 

. The UmtedStattstmd other ma- 
v - ( Cooftun e d opjPage^ Col 4) 

Some of 

members of Congress, who he said 
see themselves as “sdf-appoinied 

— : — .« Nicaragua's nri- 

touched off a bitter 
boonterattadc from Democrats. 

The ?ame of Anvr i ran QP ITlbat 
involvement in Central America 
has been, a touchy one for the ad- 
Tninis irarirwi. President Ronald 
Reagan sad at. first that combat 
troops would never be sent to Cen- 
tral America; more recently he has 
said thoe .weie no plans to send 
combat troops, but . that he could 
not preclude h under all arcum- 

Administration officials have 
also warned Nicafaena in the past 
that- if it acquired high-perfor- 
manee Gghtcr planes suc&^rMftr- 
21s, the United States reserved the , 
right to use force to destroy the 

• Congress,' which rejected eco- 
nomic and lmimmitar iiin aid to the 
rebels last month is to consider 
similar legislation next week. Mr. 
Shultz appeared to be determined, 
as Mr. Reagan was earlier in the 
week, to apply as much pressure as 
be could on Congress to support 
die $14 tnillinn in aid sought for 
this fiscal year. 

At one point in his speech, Mr. 
Shultz accused congressional crit- 
ics of undermining the administra- 
tion’s policy. 

Mr. Shultz apparently was allud- 
. ing to the highly publicized letter to 

of Nicaragua signed 

Seoul Students Maintain Sit-In at U.S. Office 

Students peered Friday through the window of the U.S. Information Service Center in Seoul, 
which they occupied Thursday to protest U.S support for the South Korean government. The 
U.S. ambassador, Richard Walker, asked the 70 students Friday to end the sit-in, but little 
p ro g r e ss was repeated. Meanwhile, police fought protesters at five universities who supported 
the group. Two dissidents, Kim Dae Jung and Kini Young Sam, urged restraint by the students. 

Senate Sharply Cuts 

Reagan’s Plan for MX 

By Steven V. Roberts 

New York Tima Service 

WASHINGTON — The Senate 
has approved an amptidmern that 
would severely restrict President 
Ronald Reagan’s original propos- 
als for production and deployment 
MX strati 

for the eventual deployment of 100 

U.S. Envoy in Israel Says Sharon 
Divulged ’82 Plan to Invade Lebanon 

By Edward Walsh 

Washington Post Senice 

JERUSALEM — In his final 
days as UR ambassador to Israel, 
Samuel W. Lewis has rngnited a 
national debate here over former 
Defense Minister Arid Sharon’s 
role in planning the 1982 Israeli 
invasion of Lebanon and the deci- 
sion to said the troops as far north 
as BehuL 

. On Wednesday, Mr. Lewis con- 
firmed in an interview on Israeli 
television that, in December 1981, 
six months before the invasion, Mr. 
£hamn outlined his atta ck plans to 
Philip C Habib. Pres dent Rea- 

tnv» Liberation Organization out of 

Tijwrinn and tO tnataTl a pn> Israe- 
li, Christian regime in Beirut, 

"Habib was, as I was and others 
of ns were, rather dumbfoanded by 
die audacity and the political con- 
cept that this seemed to involve,” 
Mr. Lewis said. 

"And Habib reacted at that 
paint vay vehemently ” be added. 
“He made it extraordinarily dear 
to Sharon that this was an unthink- 
able proposition as far as the UR 
government was concerned.” 

Mr. Sharon, now minis ter of in- 
dustry and trade, was quoted 

Thursday as having «>M«d the am- 

Democrats m March 1984. In that 
letter, the congressmen, led by the 
majority leader. Representative 
Jim Wnght of Texas, praised ac- 
tions taken by the Sandinists and 
(Combined on Page 3, CoL 4) 

‘Minister Sharon described in 
some hypothetical detail the con- 
cept for what ultimately I guess was 
called *Big Hues,’” Mr. Lewis said, 
referring to the code name for the 
Israeli operation to drive the Pales- 

Tbe afternoon newspaper Yb- 
dioth Aharcmot quoted Mr. Sharon 
as having said: 

“It's too bad that in his final, 
official appearance the American 

(Continued on Page 2, CoL 2) 

of the MX strategic 

The 78-20 vote Thursday night 
followed two days of tense negotia- 
tions that ended earlier in the eve- 
ning when the White House 
reamed a compromise with sena- 
tors on the huge, multiple-warhead 
intercontinental missile. 

Under the compromise, 50 mis- 
siles could be deployed in s3os be- 
neath the Western plains that now 
house Minm eman missil es. Two 
hundred missiles were provided for 
in the original MX program pro- 
posed by President J imm y Carter, 
and 100 were proposed by Mr. 
Reagan two years ago. 

In a statement, Mr. Reagan said 
the vote represented a show of “bi- 
partisan support” far his adminis- 
tration’s pro gra m to modernize the 
country’s strategic forces. But most 
lawmakers from both parties 
agreed that the compromise con- 
tained major concessions by the 
aHminittpuinn and represented 8 

significant retreat by Mr. Re 
from his earlier positions. 

The vote also reflected a ^ 
itiswichantmm T on Ca p itol 
with the MX on the ground that it 
is too costly and vulnerable to at- 
tack. The House is expected to im- 
pose even stronger restrictions 
when it takes up the issue next 
mon th 

The amendment was added to a 
$232-btilion militar y spending bill 
being debated in the Senate. 

Mr. Reagan had sought a com- 
promise with the Democrats when 
it became obvious that the Senate 
was on the verge oT adopting a 
more stringent proposal by Senator 
Sam Nunn. Democrat of Georgia, 
that would have limited the admin- 
istration to deploying 40 missiks in 
fixed silos. Hanenn of the ap- 
proved plan include: 

• A limit of 50 during fiscal 1986 
on the number of mianles that can 
be deployed in fixed silos. 

• The limit on deployment 
would be strict, rather than the 

At a briefing after the compro- 
mise was reached, Robert C. 
McFariane, the president’s nation- 
al Security adviser, described the 
50-missile limit as “on the way to 
100 ." 

Mr. Nunn, however, said the val- 
ue of Thursday’s agreement was 
that Mr. Reagan had agreed to a 
limit on future deployment of the 

“He may express it differently, 
but that’s my inteipretation," Mr. 
Nunn said. 

■ Vote to Test Weapons 
The Senate voted Friday, 74-9, to 
allow three tests in space of an anti- 
satellite weapon if the president 
first certifies that testing will not 

such weapons. 

Press reported. 

Earlier, the Senate rejected an- 
other amendment to the authoriza- 
tion bill that would continue a mor- 
atorium on testing anti-satellite 
weapons. The vote was 51-35. 

Senator Sam Nunn 

Reagan’s SALT Choices 
Include Noncomptiance 

By Robert C Toth 

Las Angela Tima Service 

WASHINGTON — Three of 

four options to be presented to 

President Ronald Reagan next 
week will call for an end to Ameri- 
can compliance with one or both 
UR-Soviet strategic arms limita- 
tion agreements, acc ordin g to a se- 
nior administration official. 

Such moves would be in re- 
sponse to Soviet violations, the of- 
Baal said Thursday. 

The fourth option, the official 
said, would be to delay a decision 
on compliance until near year’s 

end, when the second treaty. 

"pause” sought by the president at 
et of the negotiations. The 

Arid Sharon 

Amal Appears Near to Capturing Sabra and ChatOa 

. Compiled by Our Staff From Dispatches 

BEIRUT — Shiite Moslem 
femes dosed in Friday on a small 
group of Palestinians in the Sabra 
and Chatila refugee camps, and 
they assaulted another complex 
that is the last guerrilla stronghold 
in Beirut. 

“It’s a big battle,” a Palestinian 
spokesman said by telephone from 
the Borge Barajni camp in southern 
Beirut, “It looks like thty’re trying 
to storm in. Our fighters are hold- 

The attempt fell apart 
support from the Pales- 


He g«id the Shiite Amal militia 
attacked the camp at dusk behind 
tank fire from theXebanese Army’s 
6th Brigade, which is predominant- 
ly Shiite. 

The fighting followed a Syrian 
attempt to negotiate a cease-fire at 



There are an estimated 3,000 Pal- 
estinian fighters in Borge Barajni, 
about 10 times the number that 
have held out since Sunday in Sa- 
bra and Ghatils Many li ghten; 
from the latter two camps appar- 
ently sneaked through enemy fines 
Thursday and Friday to join their 
comrades at Bora: Barajni. I 

Police said 12 persons died in 
Friday’s fighting^* and at least 100 
bodies from earlier, battles were 
brought from the camps. At least 
338 people have been Trilled since 
the fighting over the camps began 
last Sunday. 

Fears of an epidemic have been 
growing because the heavy fire had 

kepi rescue workers from entering 
the camps to retrieve the decom- 
posing bodies. 

At Sabra, one and a half miles (3 
kilometers) to the north of Borge 
Barajni, several Palestinians held 
off hundreds of Amal Tniliriairig^ 
and 6th Brigade regulars who were 
advancing through the rubble of 
the camp behind heavy tank and 
machine-gun fire. 

"A lot of the Palestinians 
sneaked out last night,” an Amal 
nnhtia officer said. “They left these 

giro here to fight us.” 

guerrillas who left Sabra ap- 
parently escaped through a net- 
work of mnnek the P alestinians 
built years ago. 

It appeared dear that those Pal- 
estinians left in Sabra could not 

hold out much longer. Heavy gun- 
fire and explosions thundered 
throughout the day Friday, and 
neighbors said they beard what 
seemed to be the sound of buddings 
in the camp being dynamited. 

Since Wednesday, Amal has 
been backed by armor of the 6th 
Brigade. The brigade has acted un- 
der orders from Nabih Bern, the 
Amal leader and Lebanon's justice 
minister, since Shiites in the army 
rebelled against their Christian 
commanders. The unit, with about 
1,500 men, has become a virtually 
autonomous force. 

Amal has n ra nmitipd hundreds 
of its 6,000 fighters to what is being 
called the battle for the camps. 

In Damascus, pro-Syrian Pales- 
(Contimed on Page 2, COL 1) 

the outset 
amendment includes a nonbinding 
expression of sentiment by the Sen- 
ate that no more missiles can be 
deployed as long as the administra- 
tion adheres to us plan for deploy- 
ment in existing silos. 

• A limit of 12 on the number of 
missiles that can be manufactured 
during 1986. instead of the 48 that 
Mr. Reagan originally requested. 
In addition, the compromise states 
that between 12 and 21 missiles can 
be produced during fiscal 1987, but 
only for use as testing and~as 

Mr. Nunn, who negotiated the 
deal with the White House, called it 
a "victory for national defense:" 

Senator Robert C. Byrd of West 
Virginia, the minority leader, said 
the deal sends “a dear signal to the 
White House that there will be no 
more MX missiles, no more, peri- 
od, until the White House and the 
Pentagon crane up with a basing 
mode that is mobile and decep- 


The White House, however, cast 
the compromise in a more positive 
light, saying it left the door open 

SALT-2, technically expires, the 
source spoke on the condition that 
he not be identified. 

While Mr. Reagan could choose 
to accept any of the options, or 
reject them an. top administration 
officials view his derision on the 
accords, which form the basis of 
the U.S.-Soviet strategic arms con- 
trol relationship, as the year’s most 
important aims control issue. 

The president must report to 
Congress on the matter by June 1. 

The approach most favored by 
the administration bureaucracy, 
but not necessarily by Mr. Reagan 
and his top advisers, is to observe 
only those provisions of the ac- 
cords that Moscow also observes, 
the official said. 

The SALT-2 treaty has never 
been ratified by the U.S. Senate, 
but the Reagan administration, like 
the Carter administration before it, 
has agreed to abide by its provi- 

The Soviet Union has already 
"signaled a willingness to continue 
with this policy of interim re- 
straint,’ ” the senior official said. 

The immediate effect of a UR 
derision to cad compliance would 
be to sanction the withdrawal from 
service, rather than the scrapping, 
of a 16-missile Polaris submarine in 
order to stay within limits for mul- 
tiple-warhead missiles. SALT-2 

would require that the submarine 

be dismanflari 

Although the move would clearly 
violate the letter of the agreement, 
UR officials say, the administra- 
tion could argue that it is politically 
justified because, they contend, tire 
Soviet Union has violated the trea- 
ty’s criHng on the total number of 
strategic land- and submarine- 
based missiles and bombers. 

That option, which would keep 
the Polans available for a quick 
return to service; has increasing ap- 
peal because of the prospect that 
the Pentagon budget will grow litde 
if at all in coming years, the senior 
official said. 

Any decision to retaliate against 
alleged Soviet violations or to abro- 
gate either of the accords could be 
expected to be severely criticized in 
Congress and among allies in the 

(Continued on Page 2, Col 6) 

Parliament Bars 

Iceland N- Arms 


REYKJAVIK — Die parlia- 
ment of Iceland, a member of 
the North Atlantic Treaty Or- 

ganization, unanim ously ap- 
Friaay to 

proved a resolution 
make the country a nuclear-free 

The resolution banned the 
deployment of nuclear weapons 
on land, in territorial waters 
and in Icelandic airspace. Last 
month, the government banned 
nuclear-armed warships from 
its ports and territorial waters, 
derision means Tha i as 
Slate we must make 

sure nuclear weapons are never 
brought to Iceland, neither in 
times of peace nor war,” said 
Foreign Minister Geir Hall- 
grimsson after the vote in the 
Althing, or parliament. 

Pog« •' 


Paradox of South African Gold 

CLASSif 8 * Source of Riches for Some Illuminates Poverty of Others 

A South African gold miner. 

By Alan Cowell 

■ New York Tima Saviee 

rica —The cage door doses like a 
trap and the dark descent, in .the 
direction of the Earth’s core, begins 
ata brisk 30 miles an hour. 

Then there is the trudge along 
tunnels a mile or two below 
ground. Squeezing through a nar- 
row opening, you get to the work 
place: a black cavern perhaps three 
feet or a meter high, where shafts of 
fight issue from miners’ helmets 
and drills assault the ears and 
where, in a narrow vein of rock 
sloped at 22 degrees, there is gold. 

Gold is one of the things that 
makes South Africa rich for some 
and fflummates the grim poverty of 
others. Each morning, before 
dawn, tots of thousands of mine 
workers, the bulk of them black, 
clamber into the cages to go below 
ground, returning to the surface 
when die day is over to live in 
single-sex bostds. 

Near this mining town, 50 miles 
(80 kDomeias) west of Johannes- 
burg, they boast the world’s deep- 
est gold mine, called Western Deep 
Levels. A little further along the 
reef that bears the ore there is also 
the world’s biggest gold mine, 
called Vaal Reefs, both owned by 
Anglo-American Corp. 

Gold, which sells internationally 
now for about S3 15 an ounce, pro- 
duced profits for the mining com- 
panies osi year estimated az $850 
mini on ana taxes for die white- 

(Continued rat Page 2, CoL 6) 


Detail from “Sur la 
* by the painter 
Redon, on show 
in Bordeaux. Page 5. 

■ Bombing death of 4 
provoked angry Dublin-] 
charges Page! 

■ Yitzhak Staler called Jewish 
settlers accused of anti- Arab at- 

sought&^^§E?^°^ge 2. 

■ More arrests are 


the case of a retired UR Navy 
warrant officer who has been 
charged with spying. Page 3. 

ed in 

■A UR study on artificial 
hearts baked more research cm 
an nntethcred device. Page! 

■ Canada’s budget included 
m eas u res to help investment 
and cm the deficit. Page 15. 

■ Jordan’s changing role in the 
Middle East. Page 7. 

Pentagon Rewards Arms-Maker Overruns 

By Charles Mohr 

New York Tima Service 

WASHINGTON — Large increases in UR 
military spending have long failed to bring com- 
parable gains in the number of weapons deliv- 
ered to the armed services. Some critics of Pen- 
tagon practices believe the solution ties in 
changing the basic incentives that influence 
those who buy and make weapons. 

There appears to be a growing consensus 
among such critics that (he Defense Depart- 
ment's business practices are based on an invert- 
ed system of rewards and punishment. 

Those incentives tend to reward, rather than 
penalize, cost increases in a tank or airplane. 
They also encourage uniformed procurement 
officers to put a far higher priority on gaining 
congressional approval to begin 8 new weapon 
program than on controlling prices. 

. The remedies most often discussed for over- 
hauling the weapon procurement system are 
greater competition in the military industry, 
better preparation and supervision of contracts 
and more realistic p lpnnmg by the Pratagon. 
Bot serious obstacles to achieving those goals 
will remain unless entrenched values at the 
Defense Department and contracting business- 
es are changed.' 

expenditures, a formula endirinari in the Armed 
Forces Procurement Manual 
"We are not buying airplanes; we are buying 
the contractor’s costs,” said A Ernest Fitzger- 
ald, who was discharged by the Air Force in 
1969 for exposing a huge cost increase in the C- 
5A cargo plane. 

Stanley A_ Weiss, chairman of Ameri can 
Minerals Inc. and the president of Business 
Executives for National Security, told the 
House Budget Committee in March that the 
practice inevitably led to higher costs because 
“everything will be reimbursed if it can be 
documented as a cost” 

In the more competitive world of private 
industry, Mr. Weiss argued, buyers are uncon- 


U.S.M3i!ary Spending 

List of four articles 

“The Department of Defense stands the way 
lormaDy buy thir 

we normally buy thing s in the United States cm 
its head,” said Michael R. Burns, lobbyist far 
Business Executives for National Security, a 
3,000-member organization that is seeking a 
freeze in tmhiary spending. 

Marty Pentagon contracts call for paying the 
manufacturer lor its actual costs plus a profit 
calculated as a percentage of those expendi- 

If makers of weapons or military equipment 
can document their direct expaiditures an pro- 
duction and their indirect overhead costs to die 
satisfaction of am tract officers and program 

managers at the Pentagon, they are reimbursed. 

m tbel 

Their profi t is calculated on the basis of these 

ceraed about the idler’s costs and shop for the 
best price. 

Even though many contracts are described 
officially as fixed-price agreements, the reality is 
often different, according to investigators and 
analysts. Contracts are modified in a variety of 
ways to permit the manufacturer to receive 
additional payments. One technique is to initi- 
ate engineering dianges in an item so that the 
contract can be rewritten. 

A persistent pattern has developed in which a 
supplier wins a contract by submitting an unre- 
alistically low bid with the expectation of re- 
couping after production begins. That practice 
benefits both the contractor and the aimed 
services because the lower price tag encourages 
Congress to authorize the weapon program. 

Those are the main reasons why the nation 
has been unable to control the unit price of 
weapons for more than three decades. That 
inability has frustrated the United States’ aim of 

creating larger forces fully equipped with mod- 
ernized equipment. 

It explains why, despite the Reagan adminis- 
tration’s huge increase in military spending, 
deliveries of first-line fighter planes have de- 
creased 1 1 percent since the last years of the 
Carter administration, according to Senator 
Charles E Grassley, an Iowa Republican who 
has become a vociferous critic of Pentagon prac- 

In theory, buying larger numbers of weapons 
and equipment should lead to lower unit costs 
for each item because of more efficient produc- 
tion rates. But the Reagan administration has 
found that it has increased expenditures without 
greatly increasing inventories, with costs rising 
more rapidly than officials had estimated. 

The uniformed and civilian workers involved 
in acquiring military items have not been en- 
couraged in recent decades to view controlling 
prices as a major goaL 

Defense Department offices recently have 
been the scene of meetings on “program execu- 
tion,” according to several Pentagon offi cials 
but that phrase does not denote efforts to im- 
prove administration of contracts. 

*It means,” an official sad, "that everybody 

Congress starts 

g of cancellations," 

Congress and ordinary citizens have under- 
stood that prices for spare parts for weapon 
systems are too high because anyone can see 
that a simple nylon cap for an airplane stool 
need not cost 51,100, or a toilet seal 5600. 

Yet there is concern that the public will con- 
dude that those cases are mere aberrations that 
have little impact on the total military budget. 

That conclusion would be wrong, said Tom 
Amlie, former director of the Navy’s China 
Lrke^ Cahforai^ weapons laboratory, who 
hdped build the highly capable Sdewinder air- 
to-air missile. “The truth is that every thin* 
(Continued on Page 3, CoL 1) 


SL* I 1 I I I iilliiilSSSSSSSesi 

Page 2 



Bomb Death of 4 Provokes Ang ry Dublin-Belfast Exchanges WORLD BRIEFS 

Compiled by Ovr Sr# From Dupaidta 

L An. IRA bombing that 

killed four Ulster police officers this week 
has heightened a dispute between the po- 
lice forces of the Irish Republic and North- 
ern Ireland. leading to an exchange of 

Observers say the worsened relations 
threaten to hamper cooperation between 
the two forces in fighting cross-border at- 
tacks by the Irish Republican Army. 

The conflict comes at a sensitive time, 
with talks under way between Dublin and 
London over a new political for mula aim ed 
at ending 15 years of civil strife in North- 
ern Ireland. The formula could include 
; some sort of joint security role. 

The rift traces back to an incident in 
1982. when contacts between the chiefs of 
the police forces in the republic and the 
North broke down. 

The dispute was exacerbated Tuesday 
when Northern Ireland police issued a 

statement saying the)' believed that the 
men and explosives used in the attack 
Monday that killed four officers bad come 
from across the border. 

The Irish Republic police, in an unprece- 
dented move, issued a counters tatement 
saying there was no evidence for the 

The Dublin statement expressed disap- 
pointment over the claim by the Norm, 
which it described as pure' speculation. 
“Thai is not the language of cooperation 
and mutual concern, 5 it declared. 

Dublin accused the Royal Ulster Con- 
stabulary of seeking to use the news media 
to point the finger at police in the republic 
for allegedly not doing enough to combat 

Dublin said “misunderstandings of the 
past few days" between the two forces 
should be recognized Tor what they were, 
and that both forces should be allowed to 
continue their cooperation “in an effective 
and professional way." 

It made no reference to a call by Sir John 
Hermoo, police chief in Northern Ireland, 
for a meeting with Lawrence Wren, the 
republic police chief, and other officials. 
Britain’s domestic news agency. Press As- 
sociation, said prospects for such meetings 
seemed slight. 

Some spec ialis ts on Irish affairs saw the 
North’s statement as an attempt by Sir 
John to put pressure on his counterpart in 
Dublin for talks on strengthening security 

In 1982, regular contacts between the 
two police chiefs broke down when police 
in the North briefly detained a man who 
was to have given evidence in an assault 
case against a relative of the Irish justice 
minis ter at (he time. Sean Doherty. 

The London Times said Tuesday that 
the IRA bomb attack on Monday "high- 
lighted the breakdown in relations between 
senior police officers in the North and the 

The bomb destroyed an armored Royal 
Ulster Constabulary patrol car a few yards 
from the border. The explosion, near the 
town of Ncwiy, lolled three policemen and 
a policewoman. The IRA claimed responsi- 

The Irish Republican Army is fighting to 
drive the British from Northern Ireland. It 
wants to unite Che predominantly Protes- 
tant province with the overwhelmingly 
Catholic Irish Republic after overthrowing 
the political establishment in Dublin. 

Guerrillas operate on both sides of the 
loosely guarded border, often fleeing back 
to the’ republic after attacks in the North. 

As the violence persists, Britain and Ire- 
land are pursuing a dialogue over a new' 
political formula, but a meeting of Prime 
Minister Margaret Thatcher and Prime 
Minister Garret FitzGerald on the prob- 
lem will not take place until fall at the 
earliest. Agenee-France Presse reported 
Friday, quoting government sources. 

The officials said that both sides wanted 

a meeting only if assured of success. They 
said the meeting , originally announced for 
the first of the year and then postponed 
until summer, could be put off altogether. 

At a conference of his Fine Gael Party 
last weekend. Mr. FitzGerald insisted on 
“radical action by the British Government 
with the Irish government to end the alien- 
ation of the Northern Ireland nationalist 

.As evidence of such “alienation” felt by 
Catholics, Mr. FitzGerald cited the success 
of Sinn Fein, the political arm of the IRA, 
in May 15 local elections. 

Informed sources told AFP that the Irish 
and British governments had looked at 
several possibilities for cooperation: closer 
ties between courts in certain jurisdictions, 
economic links and cooperation in security 

No results have been announced yet 
(AP, Renters, AFP) 

Shamir Urges Pardon 
For Accused Setders 

Compiled by Our Staff From Dupaicha position on whether the Jewish sus- 

pects should be freed before the 
JERUSALEM — Foreign Min- trial ends, probably by mid-June, 
is ter Yitzhak Shamir vowed Friday Anger over the release of the 
to press the Israeli government to Arab prisoners remained high 
pardon 25 Jewish settlers accused among many Israelis. particularly 
of attacks on West Bank Arabs, in the West Rank and Gaza. On 
referring to the settlers as “basical- Thursday, settlers forced two Pal- 
ly good boys." estimans among those set free in- 

Prime Minister Shimon Peres side Israel andlhe occupied territo- 

ly good boys." 

Prime Minister Shimon Peres 
has resisted pressure to pardon the 
25 before their trial is completed, 
and some observers have said that 
the dispute could jeopardize the 
coalition govemmenL 

The pressure, particularly from 
the rightist Likud bloc and Jewish 
settlers, has been heavy since the 
release Monday of 1,150 Arab pris- 
oners, including 76 convicted mur- 
derers. in exchan ge for three Israeli 
soldiers captured in Lebanon. 

“There's no connection, heaven 
forbid, between boys who erred but 
wbo are basically good boys who've 
done much for the nation, and on 
the other hand, terrorists, enemies, 
murderers," Mr. Shamir told Israel 
Army Radio. 

“But there is some sort of link." 
he said. “The trial is nearing its 
end, and several of them have al- 
ready been convicted. The time has 
come to finish off this issue and 
bring greater unity and peace to the 

Mr. S hamir was prime minister 
in April 1984, when the settlers 
were attested for acts of anti-Arab to flee to Jordan. 

General Amncm Lipkin. who is 
in charge of West Bank security, 
described the situation Friday as 
explosive. He added: “The settlers 
are determined to lav down the 

A delegation from the council 

for Jewish settlements told him ear- Sf* 
lier that it could not be held respon- jj^. 
sible if the freed .Arab prisoners 
were harassed. 

Meanwhile, the army said Friday :■ 
in Tel Aviv that Israeli forces had 
uncovered a radical Palestinian 
guerrilla group in the occupied 
West Bank, arresting 30 suspects 
and demolishing five homes bo- 
longing to members of the group. 

An army statement said the 
group was based in Ramall ah and 
was responsible lor killing an lsrae- 
li soldier there last February. At 
( UPI Reuters. AFP) bol 

Reagan to Get 
Options on 
SALT Pacts 

(Continued from Page 1) . Talking of Mr. Sakharov, apbys- 

North Atlantic Treaty Organna- and dissident, she said, “We 
tion. Such action also could be ex- haw real grounds to believe that on 
pected to reduce prospects for the the 16th of April Sakharov was on 
UA-Soviet arms talks at Geneva, hunger strike. ... He was taken to 
where new controls rat offensive the hospital on the 21st and force- 

Punjab Requests Reinforced Security 

NEW DELHI (AP) — Authorities in Punjab J 
escalation in sectarian violence early oat savins 

tkraai paramilitary forces, the state police chief was quoted as saying 

Sikhs in the northern state are planning to observe June I *® 7 as 
“massacre" week to commemorate the arn^ att«* co ure uoaim 
Temple in Amritsar a year ago. Hundreds of Sikhs and soldiers wert 
killed in the assault to dislodge suspected Sikh terrorists from me mow. 
revered Sikh shrine. . . . . - 

The United News of India, reporting from the state capital of Cnanat- 
garh, quoted the police chief. l£s. Dhfllon, as saying mat violence was 
expected in certam Hindu-dominated areas. He dec line d to say how 
many additional troops were requested, but be said no was 

planned in the city. But the police .declared curfews in two other Punjab 
towns after Ffindu-Stkh dashes and other violence blamed on Sikhs, the 
news agency said. 

Soviet Dissident Is Allowed to Leave 

VIENNA (AJP) — Irina Kristi, a 
Soviet peace activist and friend of 
Andrei D. Sakharov, arrived Fri- 
day with her family on a flight from 
Moscow after unexpectedly being 
allowed to leave the Soviet Union. 

Mrs. Kristi, 47, said she had been 
trying to leave her homeland for 
several years. She was accompa- 
nied by her husband, Sergei Gen- 
kin, 51, and their son Grigori, 3. 

She said they hoped to settle in the 
United States. 

and space weapons are being dis- and I have reasons to believe 
c ussed . that .he was rm hrniwr strike at least 

Besides handing Moscow a sig- 
nificant propaganda adv antage, of- 
ficials say, a decision to break out 

that he was on hunger strike at least 
until the 3d of May." 

Irina Kristi 

noais say, a decision to create out « T rwi i . n 1 at i T 

of the arms control agreements also JNew Zealand to Delay iNuclear Laws 

WELLINGTON, New Zealand (AP) —Prime hfinister David Lange 
said Friday that the government would delay introducing legislation that 
mil opposition to the presidents formalize its ban on nudear warships, partly brcmsTtoe bill might be, 

^ prime minister said the Ml probably would not be introduced 
HDwanmgtopBforaUA-Soviet before July. He said that U-S.-New Zealand relations had “settled down 
“SL j— icm ““o a sensible, working relationship." 

,, ~f hntriQ The Labor government decided earlier this year not to allow nudear- 

Lrmui powered or nuclear-armed warships into its harbors, putting a strain on 
nations with the United States. Earlier this week, MrVLange canceled a 
t!? meeting with the US. secretary of state, OeoiBeP. Shuitz.Mr. Lange said 

011 4 that USu officials told him that Mr. Shnllz would not have time to discuss 
i the tripartite alliance of Australia, New Zealand and the United State!. 1 

At a protest in Jerusalem, an .American boy now settled in the Israeli-occupied West Bank 
holds a poster caning for the release of the Jewish settlers on trial for terrorism. 

E3Sf r * assaMSts 

but nev- rim tripartite alliance of Australia, New Zealand and the United Statef. 
er ratified, has bom called “fatally 

n^-byth^ganactaim^- Trial in Pope Shooting Opens Monday 

Since then, the administration ROME(AF) — Se^L Antonov, tte Bulgarian charged in Rome with 
has repeatedly died what it calls plotting to kill Pope John Panl H, is to go on trial here Monday. 
Soviet violations of SALT-2. Mr. Antonov, 36, was indicted 18 months after the assassination 

U.S. Envoy Says Sharon Divulged Invasion Plans 

hi num i7in, "uui un. owtubio , . ■ 

were anested for acts of anti-Arab , (Continued from rage ij provided by Zeev Schiff, military 
violence Their trial be gan in Sep- ambassador dtdn t feel the need to editor of the newspaper Haaretz, 
tember. tell the troth and express remorse and Ehud Yaaii, Arab affairs cor- 

■v. . - , over the fact that he. together with respondent for Israel television, in 

Christians in Lebanon, would be- strongly objected Friday to Mr. 
come chief of stale. Mr. Gemavel Sharon's assertions that U.S. offi- 

The charges include maiming Philip Habib and Draper here, and 
two West Bank mayors in 1980. Veliotes in Washington, were the 
killing three Islamic students in comedones of the failure in Leba- 
. Hebron in 1983 and planting coa " 

editor of the newspaper Haaretz, come chief of stale. Mr. Geraayel Sharon’s assertions that U.S. offi- four 
and Ehud Yaaii, Arab affairs cor- was assassinated after he was elect- rials had not objected in late 1981 ^ 
respondent for Israel television, in ed president but before he look to his plans to invade Lebanon, r 

Soviet violations of SALT-2. Mr. Antonov, 36, was indicted 18 months after the assassination 
Among the complaints have been attempt an May 13, 1981, and has spent nearly three yens under arrest 
that Moscow is m the process of awaiting trial, 
deploying two sew intercontinen- Mehmet AH Agca, the Turk sentenced to life imprisonment for shoot- 

tal missiles, the SS-24 and the SS- mg the pope, charged after his conviction that he was assisted by Mr. 
25, when the agreement permits - Antonov and two other Bulgarians no longer stationed in Rome. Toe two 
only one new modd. others, both Bulgarian End}issyeami^ees,kJt Itaty brfore Italian pdke 

Mf- The senior official said ttew arrested Mr. Antonov on Nov. 25, 1982. Bulgaria has refused to extradite 
four options are going to the presi- them. 

bombs on Arab civilian buses. 
Nine of the settlers have pleaded 
- guilty or have been convicted. 

• Abba Eban, a former foreign 
" - . minister, interviewed Thursday on 
•' British television, said the issue 
’• could threaten the ruling coalition. 

■ “If we accept Mr. Peres's definition 
- that he cannot yield in this, then 
the coalition is in danger," he said. 

Mr. Shamir said the Likud bloc 
would “do everything" to win a 
"pardon for the settlers, noting that 
<. it had a majority ir^toe govem- 
* ment. 

The others referred to by Mr. 
Sharon were Morris Draper, an as- 
sistant to Mr. Habib, and Nicholas 
A. Veliotes, then assistant secretary 
of state. 

When Israel invaded Lebanon 
June 6, 1982. the officially an- 
nounced purpose was to destroy 
PLO guerrilla bases in the southern 
part of the country. 

Mr. Lewis's account of the De- 
cember 1981 meeting between Mr. 
Sharon and Mr. Habib was not 
new. But it marked the first time 

their book. “Israel's Lebanon 

Mr. Lewis, ambassador since 
1977. will leave May 31. 

■ Paper Gives Account of Talk 

The Israeli paper Davar added 
details of what it said was the con- 
versation between Mr. Sharon and 
Mr. Habib, in a report from Wash- 
ington. United Press International 
reported from Jerusalem. 

Davar. citing sources in Wash- 
ington but not giving their names, 
said Mr. Sharon had sketched to 
Mr. Habib a rapid 48-hour strike 
that would expel “50.000 armed 
terrorists" and make Bashir Ge- 
mayd the president of Lebanon. 

Under Mr. Sharon's plan, there 


“You frighten me." Mr. Habib 
said. "What will you do with the 
100.000 Palestinians?” 

“We shall deliver them to the 
Lebanese," Mr. Sharon answered. 
■ U.S. Responds to Sharon 
The U.S. State Department 

MM Partial Response to Argentine Strike. 

rom g oil tainty that toe delay would cause, . BUENOS AIRES (UPI) — A caH for a general strike. mi Thursday 

A State Department spokesman, toe adminis tration could be forced against government -austerity measures drew a partial response and the 
Edward P. Djerejian. confirmed to face the problem in Sqttonber, labor action ended peacefully.. 

Mr. Lewis's account that Mr. Ha- when the Trident submarine Alas- Schoolteachers, bus drivers, train workers and many white-collar 
bib told Mr. Sharon that his plans ka begins sea trials. Its 24 missiles employees stayed on theirjobs, while major industries located around the 

£ “EE TZTS • Way the decision until doser 
P rc P orted to Dec. 31. Aside from the uncer- 
from Washington. tainty that toe delay would cause. 

A State Department spokesman, toe administration could be forced 
Edward P. Djerejian. confirmed to face the problem in Sqttonber, 
Mr. Lewis's account that Mr. Ha- when the Trident submarine Alas- 

for a massive invasion were “un- 

will raise the number of U.S. multi- city dosed, 
pie-warhead missiles to 1,214 — or Strikers, some of them beating bnge drums, marched and took hired 
14 more than the limit of 1,200 buses mid public transportation to a protest rally in the capital's Plaza de 
permitted by SALT-2 — unless a Mayo, in front of the presidential palace. Local news agencies estimated 
Polaris submarine with 16 missiles the crowd at between 70,000 and 200,000. 
is withdrawn from service. 

• Abide by those provisions For the ReCOrd 
Moscow obeys, but violate those it „ , „„ - ■ „ ‘ _ • „ . 

violates. For instance, toe United Sodas s former first woe president, Omar Mohammed Tayib, is to be 

States bdieves that Moscow now “ed for alleged involvement in the recent airlift of several thousand 

1 1 Industrial Nations Agree 
On Modest Money Reforms 

14 more than the limit of 1,200 buses and public transportation to a 
permitted by SALT-2 — unless a Mayo, in front of toe presidential pa 

uuiuiiiy suvc.u- it had been confirmed by a mayel toe president of Lebanon. 

: menL senior U.S. official A detailed de- Under Mr. Sharon's plan, there 

- Mr. Peres and most Labor minis- scrip tion of the meeting, said to would then be elections and Mr. 
.ten have stopped short of taking a have taken place on Dec. 5, was Gemayel, leader of Maronite 

(Continued from Page 1) 

Shiites Close In on 2 Palestinian Gamps 

disagreement on a number of is- 

The basic aim trf the agreement is ^ {o more tomto^ £d 

jor participants acknowledged that *** SALT-2 was signed* The 

greater currency stability was need- over the economic poh- Stoles, therefore, could 

Id for economic recovery and that .<* J TO break toe pS SZ 

they should coordinate their do- inhale linuior coulddeploy toe 

mestic economic policies more t0 Midge tman missile to coulter toe 

But toe plan reflects continuing dition that they not be identified. , * Comply with bALT-l, wmen 
disagreement on a number of is- The agreement, they said, would Moscow has noMnotatad, but stop 

(Continued from Page 1) 
tinian leaders rejected a cease-fire 
. sponsored by Vice President Abdul 
: Halim Khaddam of Syria. 

Amal wanted the guerrillas in 
Beirut to turn over torir weapons to 
the 6th Brigade, which would con- 
trol security in toe camps. 

* The pro-Syrian Palestinians said 
’they wanted Amal to withdraw 
from the camps and have the mili- 
tia of Walid Jumblat, a Druze lead- 
er, police the cease-fire. 

The Palestinians believe toe 



Georgo-V, 75008 Peril. The Veiy R mr. 
James R. Loo, Deon. Metro: George-V or 
AtaoJtarCKM. Sunday. 9 turn., 11 am. 
Church school and nursery 1 1 am. Week- 
days: 12 neon. T«L: 720.17.92. 

Vmin-Ceiomfaiflr, 75006 Paris. Metro St.. 
SuWce. Sunday worship in EngSih 9i45 
a jo. Rev. A. Sommeivffle. TeL: 607 -67.02. 

-. ... . . , . . . , . „ . , sues, including the ability of gov- provide greater international con- 

Druze would be more even-handed from their leaders to President Ha- emmenis to set foreign-exchange trol over mrior countries’ policies 
than the 6th Brigade. p« ^ c»;. -■ j r. ” ” »**“«***•* 

On Friday, Palestinian gunners Syrian news agency SANA report- 
in toe Dnrze-controlled hills east of cd. 

Beirut fired shells and rockets at Foreign Minister Gtulio An- 
Shiite militia positions and into dreotti of Italy was due to have 
Moslem areas of toe capital for a talks in toe Syrian capital after hav- 
third day, Beirut radio reported. ing met earlier in Beirut with Presi- 
Amal officials said 12 shells ex- drat Amin Gemayel of Lebanon, 
ploded around Mr. Beni's home in Mr. Andreotti is current presi- 
West Beirut, but they said he was dent of the European Counal of 

fez al- Assad of Syna, the official rales, the need for more liquidity to in these three ways: 
Syrian news agency SANA report- help developing countries cope # Jncmuv H<- Tar 

with their debt crises and the role 

not hurt, they said. 

Ministers, and he expressed Eu- 

Meanwhile, several diplomatic rope's concern over toe fighting 

rffom wctc under way to end toe In New York, toe United Na- f imemadoL] committee to 
■“HF* - . f ... uons Security Council expressed its oversee economic pohev-making 
pw foreign ministers of Libya “senous roncern Fnday at toe ^ publication of regular J 
and Morocco arrived m Damascus Beirut fighting and appealed for sessmentTof what "overnmems are 
Friday for talks on ending toe con- restraint “to alleviate toe sufferings i oin _ ° 

ni.'f A rah .-Unlnraotir. " UULU & 


rt-LnmivSdM 0 ange P roni ote monetary stabtoy during 
economic pohaes. ^ imf s annual examination 3 

The accord on monetary revision their economies under Article 6 of 
falls short of an ambitious blue- the IMF rules. In the rase of a 
print proposed by toe negotiating disagreement during this examina- 
group's chairman, Lamberto Dint, tion, toe IMF managing director 
toe deputy governor of Italy’s cen- could ask for a confidential expla- 
tral bank. He proposed the creation nation from toe finance minister of 

has a total of 2^14 bombers and Ethiopian Jews to Israel via Khartoum^ tbeSodan NewsAgency report- 
missiles, or 10 more than they had et ^_. . .. . . (AP) 

when SALT-2 was signed. The Son* Africa proposed talks with Angokon Friday totfiscua toe retans 

United States, therefore, could of a South African soldier captured in Angola three days ago. (AP) 
pa multiple-warhead The smaflest of six surviving sextos bom to Patoda and Sam 
limit or could deploy the Fnistaa, a one-pound (450-gram) bodied Friday in Orange, California, 
rrrLTZT Midgetman missQe to counter the of complications from his premature birth. (AP) 

Soviet SS-25. Wgeria»s expulsion of fflegaf was endzhg Frid^, Raifio 

• Comply with SALT-1, which Nigeria said in broadcasts monitored m Abidjan, Ivory Coast Reports 

Moscow has not violated, but stop from neighboring countries i n d ica t ed that no more than 200,000 of toe 
complying with SALT-2. immigrants, put at 700,000 by Nigeria, had left. .- (4p 

• Stop complying with both. The trial of three SaSdarity leaders in Poland was postooned Friday 

since both techmcally w31 have ex- vdiea one defendant, Adam wdmik, became iL Ajudy ruled m Gdansk 
pired by year’s end. that hearings should be pul off nntil June 3. (Reuters) 

Moscow has not violated, but stop 
complying with SALT-2. 

• Stop complying with both, 
since both techmcally will have ex- 
pired by year’s end. 

The Paradox of South African Gold 

un bilious blue- toe IMF rules. In the case of a (Continued from Page 1) about Krugerrands. Then, with 
toe negotiating disagreement during this examina- minority government erf about $1.1 golcPs price freed from its long- 
Lamberto Dint, tion, toe IMF managing director billion. standing sel price of $35 an ounce, 

il expla- - , 

The laborer in the mines, by way 8Pt down to martetmg toe 

of contrasl, earns the equivalent of 

Friday for talks on ending toe con- restraint “to alleviate toe sufferings 
flict, Arab diplomatic sources said, of civilians." 

The ministers were carrying letters 

(AP. UPI. Reuters) 

Controllers’ Walkout Strands 
Air Passengers in Netherlands 

of an international committee to the country concerned. “ “ keting and ai 

sss ig .wssstt-s tuts 

JJ -5 aftat 5*5* 

The present agreement grew out system of pohaes P^jcd by mem- But however arduous The irony i 

of uidespread grumbling about bere of toe Group of 10. and unpleasant toe work is, it is paign in the .1 

nigh interest rates in the United • Finance ministers and central evidently bettor than staving in » the sale of Krt 

mice of an kctin ^ , and advertising brar«* of smiled and said hehadno kr 
land lexis- ^ °“ ne ™?>loycns as sodar ion . edge of any such ties. 

- loafr called toe Chamber Jl had been, he said, sum 
gan seDiog da ccins as “the money coincidence that when the c 
SSrt’S locked m dispulc with 

sr arduous ’Hie irony of tire current cam- A^o-Ai 

African National Congress, which 
is committed to the violent over- 
throw of aparthdd 
- Arired about tins in a separate 
interview, Mr. Ramaphosa just 
smiled and said he had no knowl- 
edge of any such ties. 

It had been, he said, simply a 

ajiVi Raw. A. SoerunwvBBa. T<L: 607.67.02. Return 

~ AMSTERDAM — Thousands 

emmanub. baTTEiT OtURCH, erf air {wssengp wCTe stranded in 

mohon Fnpiwh speaking, oB dsnomino- the Netherlands on Fnday after air 
tom. Bile study* 9 as , wobHik (Oi45. 56 traffic controllers stopped work in 
Oua BonirRadns. Telj 7A9.15J9. a pay dispute, halting scheduled 

~~~ ~~~ flights in and out of the country. 

man said. Beek Airport in the 

high interest rates in toe United • Finance ministers ynd central 
Suites and toe strength of toe dol- bank governors in toe Group of 10 
Iar which many countries believe would review the conclusions of 
could have been avoided if toe Rea- this chapter din ing preparation, so 
gan administration had adopted a they would have an opportunity to 
policy mix that included a tighter diswi« toe wider imimcatioiis of 
fiscal stance. their policies. 

guaranteed. But however arduous The irony of the current cam- 
and unpleasant toe work is, it is paigu in the .United States to bar 
evidently bettor than staying in a toe sale of Kruger ra nds, raid Bruce 
tribal homeland, where, according Birrefl, toe m a n a g e r of IntogokTs 
to the mine employers, there is a C<xn Division, is that the cam- 

fiscal stance. their policies. 

turned away and incoming flights The agreement is expected to be Their discussio n would be confi- 
diverted to Brussels and West Ger- formally approved next month dential, but the agreement provides 
man airports, a Schiphoi spokes- when toe Group of 10 finance min - for toe chairman of toe meeting to 
man said. Beek Airport in toe isters meet in Tokyo. Before going prepare a summary of what was 

is chapter during preparation, so pool of at least 30QJXX) black mm paignjsrs would not have had such a 
ey would have an opportunity to waiting for a chance to work in the - pro m i n e n t targe t had the maritet- 
scuss toe wider implications of mines. mg and advertiang campaign not 

eir policies. By South African law, 97 percent b**u so successful. 

Their discussion would be confi- of black mine workers must be mi- Krar Cnnkshanks, mwnappr of 
intial, but the agreement provides grants. Last year, Lesotho, an inde- Intergold’s Johannesburg office, 
r toe chairman of toe meeting to pendent, black-ruled country said a ban on sales of toe coin in the 

tou t in g companies, Anglo- Ameo- 
can and Anglovaal Ltd, over the 
mass dismissal of 17,400 workers, 
branhs exploded outride the Johan- 
•itosbptg offices of toe two employ- 

African National Con gress 
men said that its guerrillas had 
“probably” planted toeexplosives. 

are a summary of what was 

BbM hr. (aH aato\ 9i4 5 tun. Worship 1 1 +6 
pjn.TeL 255T5I /2531 15. 

A court in Haarlem, hearing an 
emergency case brought by the 
Transport Ministry to try to force 
toe controllers back to work, was to 

UNUARiAmflflv^E^. worship md toe controller back to w6i 
odivtfes in Europe. Contact EUU. Stove give a ruling on Saturday. 
Dkk, Saringstrooi 20,1271 NCHuimn, The The ministry and uni 01 
N e th er la nd s . T«f- (+31 1 (Oj 2152 55073. sen line the Controllers als 

Dkk, Seringstroat 20,1271 nc Huiion, The The ministry and unions repre- 
N e th a rio nd* . T«f-= (+3i 1 W 2152 55073. senting toe coDtrollcrs also agreed 
ctotvholm IO tiie dispute to arbitration 

IMMANtra CHURCH near dly cantor, during toe coming week. The COQ- 
Friendy dm*tkm WtewsHp. Sunday 1 1 >00. troUers have demanded raises of up 

southern pan of toe country and into effect, toe plan also will be sain about toe “appropriateness" 
Zestieuhoven Airport in Rotter- discussed with representatives of of the various members' economic 
dam also halted all flights. toe developing world at an October policies. 

Prime Minis te r Ruud Lubbers meeting of the International Mone* The agreement does not specify 
called toe controllers action “abso- tary Fund's governing interim whether toe chairman's summary 
lutely indefensible." committee in Seoul. should be published. 

New Mini-Airport Is Approved for London 

The Allocated Peer. ing time to other British and West tween toe disused Royal Albert and 

Peneirate Paper 
With Computer 

King George V docks. A rail link is 

Tel: (08) 316051. 151225. 

To place an advertisement 
£rz that section 




Ms Elizabeth HERWOOD 
181 Ave. Cb. -de-Gaulle, 
92521 Neulfly Cede*, France. 
Tel.: 747.12.(5. 

•wewnc- EJ1CH WEC-f^Har 

to 5700 a month. 

It was not immediately clear 
when toe controllers, whose action 
was not officially supported by 
their unions, would return to work. 
The controllers were acting unoffi- 
cially and no recognized spokes- 
men were available. 

As civil servants, the controllers 
are barred by law from striking. 
Instead, most of them called m 

Schiphoi Airport in Amsterdam 
was in “organized chaos” as many 
thousands of passengers were 

Airlines have already made route planned, 
applications for services to Paris, John Mowlem. the major con- 
Amsterdam. Brussels, Rotterdam struction company involved, plans 
and Frankfurt. to spend £15 million (518.7 mdlion) 

Heathrow, London’s main air- 

port is 15 miles (24 kilometers) to own and operate. 

to spend £15 million (5 18.7 mdlion) 
developing the airport, which it will 

The Auocared Peer. ing time to other British and West tween toe disused Royal Albert and 

LONDON — A mini-airport in European cities. King George V docks. A rad link is 

London’s East End dock area, six Airlines have already made route planned. 

miles and a 20-minute taxi ride a PP ilca uons for services to Paris, John Mowlem. toe major con- 
from the financial center of Lon- Amsterdam. Brussels, Rotterdam struction company involved, plans 
don has been approved bv the gov- and Frankfurt. _ to spend £15 million (518.7 mdlion) 

cm menL Heathrow, London’s main air- developing the airport, which it will 

-n. _ ,-n. . port is 15 miles (24 kilometers) to own and operate. 

TheairporL appro'-ed Thursday. ,h e west and Gatwick Airport is 30 The environment secretary. Pai- 
willbet he first entireh ne* one t° miles to toe south. rick Jenkin, told the House of 

be built m Britain since World War The airport wfl] be called Stol- Commons that he had approved 

port, for short takeoff and landing toe airport despite objections that 
Brymon Airways, a British com- aircraft or STOL, which need a it wiil inflict noise on more than 
mercial carrier that made test land- runway only 2J00 feet (762 meters) 40.000 people Irving under toe 
ings and takeoffs from toe site two long. flight paths, 

years ago with a 50-seat Canadian Aircraft were expected to be op- The airport would be closed at 
aircraft said the airport will cut by crating by 1987 from the 90-acre night and operate only part of Sun- 
20 percent to 40 percent the travel- (36-hectare) site at New ham be- dav and public holidays. 

jjtuutui, uiawmitu wjuulij saw a can on sales oi me coin in me -j» • « T 

ringed by South African territory United States “would affectosvery BOYS HI jSOTtDl W 

on all sides, sent 98,000 men to seriously.’* In 1984 the company _ ^ . J 

work in South Africa’s mines, and sold 2.6 million Krugerrands, he PfttjPftmttt P/mor 

its economy is considered to be said, and the United Stoles is Inter- UM}X upor 

critically dependent on their remit- gold’s biggest market. With, Cnmnttterr 

The use of migrant labor draws The e mptoy cc^woold thus op- . . 
in many tribes. Sometimes they g°sc the propose d U-S. l egis la ti on . tv. ,, . 

oong one another in battles Bm that opproition does not ex- T^bojson3fflK 

S uite against tribe in toe ^ £ 2L N *“ aaI V*** <* 'tSSlSSSS** ^ >Iaced - 1 
Nineteen black mint, work- Mine Workers, toe fast-growing la- raise wedding announcement n 

ers died in such a fight at one of *** or g a n nati o n representing toe newspaper b] 

Anglo-American’s mmes recently. 500.000 Hack mme workers in computer sy& 

At Western Deep Levels, said SoctoAfria, which supports pres- computer. 

Fred Baviev. Anslo- American’s re- sures for change on toe govern- said .toe name of one oj 

Fred Bayley, Anglo-American's re- 
gional manager there, there are 
men from 13 ethnic groups. To 

sures ior cnange co the govait- 
ment. : 

“If Kzugerrands -were bamwT 

the west and Gatwick Airport is 30 The environment secretary. Pat- 
miles to toe south. rick Jenkin, told the House of 

The airport wfl] be called Stol- Commons that he had approved 
NT. for short takeoff and landing toe airport despite objections that 

ings and takeoffs from toe site two 
years ago with a 50-seat Canadian 
aircraft, said the airport will cut by 
20 percent to 40 percent the travel- 

flight paths. 

The airport would be dosed at 

communicate, the tradition has in toe United States, said Cyril Ra- 
been to train miners — black and maphosa, the union’s general secre- 
white — in an invented lan g ua ge tary, “we would not argue that'the 
called Fanakalo. which draws on legisla t i o n should be abolished." 
Zulu and English and many other That toe miners’, union is in- 
tongues for its vocabulary of about creasingjy powerful is not (fispnted 
2,000 words. by toe employers. But the uaimeof 

When talk, in the United Stales its support-is & matter of some 
turns to a ban cm the sale of Kni- controversy, 
gercands, the coins that contain a “We know for a fact that it has - 
full ounce of gold. South Africans links with the ANC,” said an An- 

of I3saidi 

Fnday that they .had placed a’ 
false wedding announcement in 

a Norwegian newspaper by 
breaking into its computer sys- 
tem with a home computer. 

_ said the name of one of 
tfce“b«iotoed” toeypntmthe 
annomrcsment was that of their 
teacher. . 

O noc mto toe computer sys- 
tenutoey could have changed 
mytorn g m toe paper, Oestlen- 
thogen, toe boys said.' ' 

^ Swompa- 
:per, Tbct SoIberg, said te Sytfl 
not -realized newSDaserx WtS 

night and operate only part of Sun- like to point out the irony. rfo- American mmemanaRer refer- 

day and public holidays. Until 1974, no one aid much ring by its initials to the outlawed 

production cbcld 

penetrated. ; ;. 

I have to admit we’ve' 
5^* 'ratfr oar trousecs * 

down-^hesajd. ■ U- 

B ■ . 

t\ ; 

I \SE 

■ ■ • v.’. 

]0_2S 18* — 7,1 ■ •' 

I _L~ — gCMirCJ I 


Pag* 3 

f New U.S. Bill 

^ K ‘'UiW " v « 

° r ‘ <*dC • Would Delay 


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•TlTv. ... 

^ K : v 

+:•••;-- . 

. k 

i • • ' 

Of Aliens 

•• s 


i? W 

iV x • o . 

+ ^;^ V . 

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*. *- \ •>• . 

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' ! T. 

m-Io Vr^rnlinfM 


■*; a--'.--.* ••• ’ 

By Robert Pear 

New York Times Senice 

‘ to' WASHINGTON — Senator 
>t f- Alan K_ Simpson has introduced a 
. new version of his comprehensive 
); immigration bill that would' delay 
the granting of legal status to illegal 
aliens until after the United Rn»w^ 
y had better control of its borders. 

The action on Thursday, was the 
‘ third rime in four years that Sena- 
tor Simpson, a Republican of Wyo- 
ming, had introduced a bill to over- 
haul the nation's immigration, laws 
and curtail (he influx of Illegal 

There was, however, no spenosor 
for the new bill in' the House.; Rep- 
„ resentaiive Romano JL Mazzofi, a 
y Democrat of Kentucky,- who has 
; 3* led the campaign for the bill in the 
X House, did not attend Senator 
/ Simpson’s news conference Thors- 
day and was silent an hialmen- 

The new Simpson bill differs-m 
several maja rejects from the leg- 
islation passed twice by die Senate 
and once by the House. Under ear- 
lier versions of the bill, amnesty for 
illegal aliens would have taken ef- 
fect about the same time as penal- 
ties for employers who hired illegal 
aliens. : " ‘ . 

V The new Ml would not offer le- 
~ gal status to illegal aliens until a 
presidential c o min k si nn certified 
that the employer penalties wen 
reducing the illegal entry of aliens 
into the United States and the em- 
ployment of illegal aliens. It was 
not dear how the commission 
' ■ could make such a determination 

- because the government has no re- 
liable way of counting illegal aliens. 

* A special US. commission that 
studied the immigration question 
es timated that, as of 1978, there 

'* were already 3 J5 milfion to six mil- 
1 lion persons illegally in the United 

* States, »*nd the problem stead i- 

* ly grown since men. 

Mr. Simpson said he thought the 
^ legalization program could start 
within a year after the bill was 
passed. But he said it was necessary 
to make the program contingent mi 
' improved enforcement because 
otherwise it “would cause a tre- 
... mendous scmahis to further Segal 

* entry" by aliens. 

Many conservatives have criti- 
cized the amnesty proposal on the 
that it would reward Iaw- 
:ers. The senator said he want- 
ed to “assure the American public 
. , that legalization will not cause" ad- 
ditional flows of illegal aliens. 

Passage of the bill appears likely 
in the Senate, which approved ear- 
; lier versions of the legislation, in 
1982 and 1983, by margins of more 
2 Than 4^10' T: But .tfae oullbok is 
uncertain in the House, which ap- 
proved the measure by a vote of 
“ 216 to 211 lastJuneL 

The Simpson bill would prohibit 
employers from hiring illegal 
aliens. An employer convicted on a 
’• first offense, of hiring illegal aliens 
- would be subject to dvflpenalties . 
ranging from $100 to $2,000 for 
each illegal alien. The maximum 
penalty on employers for a “pai- 
tom or practice of violations 
' would be $10,000 for each alien. 

‘ Joseph M. Trevino of the League 

of United Latin Ameri can Citizens 
. ' and Richard Fajardo of the Mexi- 
; can-Amoican Legal Defense and 
Educational Fund opposed the hflL 
‘ They said the employer sanctions 
; . would probably be ineffective and 

- that, as a result, Hispanic people 
would not get the benefit of alegal- 
ization program. 

fcuwttaad ftws I 

CLOWNING AROUND — Passengers on a New York 
Oty^snbway train are treated to the antics of downs 
from the Ringing Bros, and Baramn & Bailey dims. 


Twice theTnrf 
Of a U.S* Senator 

■Every U.& state has two sen- 
ators bm the six smallest in 

population — Alaska, Dela- 
ware,Narth Dakota, Smith Da- 
kota, Vermont and Wyo ming 
— have only one memba each 
m the Home of Representa- 
tives. Unlike the rest of the 535 
members of Congress, each of 
»iwy sx congressmen- at-large 
represents an entire state.' They 
all agree that ltn» nwlrw thwn 
big frogs in small ponds at 
home, but small frogs m the big 
pond of Washington. 

‘'Yon can get more atten- 
tion" at home, said James M. 
Jeffords, a Vermont Republi- 
can, noting that recognition 
throughout (be state the 
solo House seat a ready step- 

or the US. Senate. “If you’re 
from New York City [which has 
19 representatives in Congress] 
you have to punch The mayor m 
the nose to get a headline." 

In the House, at-large repre- 
sentatives get few choice com- 
mittee assignments. “You don't 
have much of a cheering 
squad," Byron L. Dargan, a 
North Dakota Democrat, told 
The New York Times. “It’s es- 
pecially lonely when yon have a 
controversial issue." 

But the six lone wolves never 
have to chase around to see bow 
other representatives from their 
state are voting. Thomas A 
Daschle, a South Dakota Dem- 
ocrat, sakk "You meet your del- 
egation every time yon grt up in 
the morning." 

Short Takes 

— % 

Henry W. Maer is the coun- 
try’s longest-tenured big city 
mayor, with 25 years of naming 
Milwaukee. Mr. Maier, 67, a 
Democrat, is a pioneer in en- 
abling cities to share federal 
revenue. His 25 yeara in office 
surpass the 24 saved by a Mil- 
waukee predecessor, Daniel W. 
Hoan, and by Atlanta’s mayor, 
William B. HartsfieJd, or the 
late Ridiaid J. Daley’s 22 years 
in Chicago, but are well short of 
die 41 yeara saved by Erastus 
Coming 2d of Albany, New 
Yak, until his death in 1983. 

An ekferty California couple 
has won $7 j 4 mininm from an 
insurance company. Their at- 
torney said they would have ac- 
cepted $17,000 fa “ran-of-tee- 
muT injuries suffered when 
their car was struck in the rear 
in 1978. The award of more 
than 400 times that much was 
pan of a trend in m nlrimiUi nn- 
dollar verdicts a gain s* insur- 
ance companies for “bad faith, " 
and the first tried under a new 

PaHfnmia law r equiring insur- 
ers to negotiate claims fairly 
and promptly. 

Shorter Takes: Tulsa, Okla- 
homa, population 361,000. is 
the most typical American city 
in the age mrd income distribu- 
tion of its residents and the per- 
centage of blacks, according to 
Amenian TVmng raphirs magit- 
rine . , . -Federal a jynries have 

begun dectromcafly blocking 
thar 230,000 phones in Wash- 
ington to prevent employees 
from diaHng timft weather or 
other prerecorded messages 
snch as Dial-a-Joke. Estimated 
saving: about $300,000 a year. 
. . . The Philadelphia Orchestra 
attained national pre-eminence 
under the late Fjigwm Orman dy 
and is maintaining it lindrr Ric- 
cardo Mud, who has ended the 
practice of allowing season tick- 
et holders to bequeath their 
seats to their heirs. Now. when 
a holder dies, the seat is sold to 
someone on the waiting list. 

TLS. Navy Refuses . 
To Braid ibe Knee ' 

The Episcopal bishop of 
Florida, William H. Ftdweu, 60, 
has sued the federal govern- 
ment fa $200,000. claiming he 
injured his knee when he 
slipped and fell on the US. Na- 
val Training Center’s tennis 
courts at Orlando. The navy has 
filed a counterclaim, contend- 
ing that the bishop was a tres- 
passer and owes $5,200 fa the 
use of the conns over five years. 

The bishop says his left knee 
was damaged so badly that he is 
unable to genuflect before the 


Compiled by 


More Arrests Seen 
In Navy Spy Case 

By Philip Shenon 

New York rimes Service 

WASHINGTON —The Federal 
Bureau of Investigation npects 
more arrests as it widens its inquiry 
into what some officials described 
as one of the gravest security 
breaches in the history of the U.S. 
Navy, officials said. 

The spokesmen said the FBI ex- 
pected to arresi additional relatives 
and buaness associates of a retired 
navy communications specialist 
and his son who have been charged 
with smuggling secret documents 
to the Soviet Union. 

“I would expea more charges 
against more people, associates of 
the father," said Bill Baker, the 
assistant FBI directa fa congres- 
sional and public affairs. “We 
ihrnV this ring is bi gg er th an the 
two now charged." 

The investigation centers on 
John A Walker, 47, a former war- 
rant officer who had access to de- 
tailed information about the move- 
ments of the US. and Soviet fleets 
in his 20-year naval career. 

His son, Michael L. Walker, 22, 
was arrested Wednesday aboard 
the aircraft cania Nimilz, which is 
now in Haifa, Israel, after investi- 
gators found a box with more than 
15 pounds (6J5 kilograms) of secret 
material near his bunk, according 
to law officials. 

“Based on the duration of the 
espionage and the access of those 
who have been charged, you have 
to ussnnw the damag e they caused 
is substantial," Mr. Baker said. 

The FBI has said it has informa- 
tion from two sooices that John 
Walker had been spying fa the 
Soviet Union for 15 to 18 years. 

John Walker was arrested Mon- 
day after he left more than 120 
secret navy documents at a wooded 
she in renal Maryland, the . FBI 
said. Sane documents, the bureau 
said, came from the Nimitz. 

Officials and military analysts 
said that much more valuable in- 
formation may have been collected 
by John Walker in his navy car e er . 
In the 1960s he served as a radio 
officer on two Polaris submarines. 
In 1967-69, he was a communica- 
tions officer in the headquarters of 

the Atlantic submarine fleet in 

Then he trained radio officers at 
the Naval Training Center in San 
Diego. In 1974. he returned to Nor- 
folk as a communications sy stems 
officer, with access to information 
about the surface fleet. He retired 
two years lata. 

Eugene J. Carroll, a retired rear 
admiral, said that radio officers 
also had knowledge of the codes 
used to send messages. If informa- 
tion about those codes were given 
to the Russians, national security 
might have been jeopardized, he 

Because he had security clear- 
ance that gave him the ability to see 
highly secret documents, John 
Walker was probably aware of 
most major movements of the sub- 
marine fleet, Officials said. That 
could be a threat to national securi- 
ty. they said, as submarines are 
otherwise difficult fa an enemy to 

Military analysts said informa- 
tion that John Walker might have 
collected before his retirement 
from the navy ought have been 
much more valuable to the Soviet 
Union. Fa that reason, he may 
have been less important to them 
since he left the service, they said. 

Captain James T. Bush, a retired 
submarine commander, said that it 
seemed unlikely that John Walker 
was “a serious spy" as he chose to 
retire after only 20 years. If be had 
been valuable, be said, the Soviet 
Union would probably have want- 
ed him to remain in Lne service. 

Still, Admiral Flmn R_ Zumwalt 
Jr. the former chief of naval opera- 
tions, said lh»i if the ehargpt 
against John Walker were true, 
“this would represent a breach of 
security as serious as any I can 

Ray Cline, a forma deputy di- 
rector of the Central Intelligence 
Agency, said. “Just from the de- 
scription of his. assignments, it’s 
inconceivable to me tnai be did not 
have the opportunity to steal very 
sensitive data. From my reading or 
what has been said publicly, this is 
a very serious penetration.’’ 

U.S. May Consider Combat 
In Latin America, Shultz Says 

(Goafinned from Page 1) 
called on Mr. Ortega to hold genu- 
ine free elections that November. 

■ Officers bxfidment Expected 

James LeMoyne of The New York 
Times reported earlier from San Sal- 

U.S. and Salvadoran officials say 
they intend to reopen an investiga- 
tion into' the 1981 killings of- two 
American agrarian advisers and the 
head of the Salvadoran land-redis- 
tribution institute here. They add- 
ed that they expected an army offi- 
cer to be indicted in the case. 

Plans for investigations have 
been announced by the Salvadoran 
government in the past but were 
never fulfilled. President Jos4 Na- 
poleon Duarte pledged repeatedly 
when be look office to investigate 
the killing of the agrarian advisers 
and at least five other notorious 
human rights cases here, including 
the 1 980 assassination of Archbish- 
op Oscar Arnolfo Romero. 

No Salvadoran Army officer has 
ever been convicted erf murder in a 
human rights case despite the 
known involvement of the military 
in such killings in past years. 

But American and Salvadoran 
officials contend that this lime an 
investigation will definitely go 

As evidence of the government's 
determination, the officials said 
that a special investigations unit of 
at least 20 carefully selected Salva-. 
doran policemen has been trained 
by the FBI to pursue those respon- 
sible Tor killing the advisers at the 
Sheraton Hotel four years ago, as 
well as to investigate other highly 
publicized human rights cases here. 

The new investigative unit, 
which had not been publicly men- 
tioned before, has been quietly 
working on the case of the slain 
agrarian experts for several months 
and has developed “substantial 
new evidence" that will result in the 
indictment of an army officer who 
had been suspected in the killings 
but had never been charged, an 
official familiar with the case said. 

Those killed at the hotel included 
Jos6 Rodolfo Viera, the head of the 
Salvadoran land redistribution 
agency, and two advisers fa the 
American Institute fa Free Labor 
Development, Mark D. Peariman 
and Michael P. Hammer. 

tau Min 

Mkhad L. Walker 

■ Spy Gets Life Sentence 
A US. judge sentenced Thomas 
Patrick Cavanagh on Thursday to 
life in prison, the Los Angeles 
Times reported from Los Angeles. 
The Northrop Corp. aerospace en- 
gineer had pleaded guilty March 13 
to two espionage counts of trying 
to sell secrets of the U.S. Stealth 
bomberpnaram to the Soviet 
Union. The Stealth program is de- 
signed to make U.S. planes invisi- 
ble to enemy radar. 

U.S. to Fire 
At Shuttle 

New York Times Service 

WASHINGTON — In a test of 
an dement of anti-missile technol- 
ogy, a laser b eam wit] be fired next 
month from Hawaii at a reflector 
cm the U.S. space shuttle Discov- 
ery, the Defense Department has 

The laser, which (be Pentagon 
described Thursday as low in pow- 
a, is not intended to demonstrate 
the ability to destroy an object in 
space; a spokesman said, but rather 
to examine how a beam of light 
travels afta crossing the atmo- 
sphere and bow corrections in its 
path can be made. 

The experiment was mentioned 
Thursday in an internationally 
broadcast news conference by 
Lieutenant General James A. 
Abrahamson of the air force, direc- 
tor of the office that is coordinating 
the Strategic Defense Initiative, 
President Ronald Reagan’s pro- 
gram to develop a space defense 
against intercontinental missiles. 

A subsequent Pentagon an- 
nouncement said the test would be 
“a high-precision tracking experi- 
ment" and would take place in 
mid-June. The announcement said 
it was the first in a series of experi- 
ments to be performed during shut- 
tle flights by the SDI office. 

The laser beam is to be directed 
at a reflector eight inches (20 centi- 
meters) in diameter mounted just 
below the shuttle pilot’s flight deck 

Dr. Kurt Gottfried, a Cornell 
University physicist who is a critic 
of the space defense plan, said in- 
formation released about the test 
did not explain its significance. Dr. 
Gottfried said the general physics 
of laser behavior in the atmosphere 

already was generally understood. 

• Ground-based lasos have been 
used to measure distances to the 
moon with great accuracy and 
many laser experiments have been 
conducted in the atmosphere. 

Space defense reseaidi will ex- 
plore the feasibility of using differ- 
ent kinds of energy, including vari- 
ous lasers, to destroy or disable 
missiles in the early stage of flight 
or the warheads they release lata. 

Pentagon Procurement: Rewarding Suppliers Who Raise Costs 


(Contin ue d from Page 1) 
including major weapons item-' 
selves, is priced the same way as 
spares." he said. 

Another official agreed. “Arty 
weapon system, such as a fighter," 
be said, “is oily an segregation of 


j S 

. costs, with profit based on a per- 
centage of costs," he said. 

“Jt is just harder to see with a 
fighter because the layman doesn't 
have any way of judging what a 
" fighter or a tank should cost,” be 

ideas proposed to control the 
' costs of acquiring weapons, and 
impediments to putting them into 
effect, include: 

• Freezing the mffiuuy budget. 
In one sense, this has become one 
of the more plausible solutions be- 
cause many members erf Congress 
- seem willing to limit the increase in 
military spending fa fiscal 1986 to 
the rate of inflation. Their intern is 
not to punish the Pentagon, they 
say, but to force it to get the most 
fa its money. Severn! business 
groups, although not major mili- 
tary contractors, favor this ap-, 

One problem with that sort erf 
* proposal is that in the past it has 
. 1 led to bureaucratic warfare and 
grotesque attempts to retaliaie 
; against budget-cutters. When the 
■ departments of Interior and De- 
fense were ordered to cut spending 
I in the 1960s, they responded with 

• ' suggestions to dose the Washing- 

ton Monument and to retrieve 
American flags after military buri- 
■ . als rather than presenting them to 

* widows. 

Another problem with that ap- 
proach is that it is unlikely to bring 
' the nation closer to its goal of mod- 

^ernized faces unless unit costs are 
controlled- through betta managp- 
] mem. . 

Many congressmen and not a - 
few high-ranking administration 
! • officials believe that it is a hopdess * 

task to measure, let done boost, the 
actual increase in military weapons 
and forces- Therefore they measure 
their fidelity to a stronger defense 
in terms of their votes fa higher 
budget totals,, as President Ronald 
; himself has. 

the revolving door. 
Cos tractors are increasingly offer- 
ing jobs to retiring military pro- 
curement officers who have super- 
vised their work. Lately they nave 
even hired officers who oversaw 

Under military policy, colonels 
and naty captains usually retire if 
they are not selected fa promotion 
togeneraJ or admiral. According to 
statistics, .such officers average 43 
yeara of age and. with military al- 
lowances -added to base salary, are 
receiving relatively high salaries. 

Many have children in college 
and costly home mortgages. And 
many .are far from ready fa actual 
retirement in which would be 
pud half of base salary. 

While few critics accuse such of- 
ficers of corruption, many believe 
that the prospect of post-retire- 
ment won; tempts them to treat 
contractors as sympathetically as 
possible; • 

These crhics suggest there is no 
incentive fa program managers 
and contract. . administrators to 
probe contractors’ claims about 
cost and performance. 

The Senate, which is presently 

Army Suspends Payments to Hughes 

The Associated Press 

WASHINGTON — The U.S. Army has suspended monthly pay- 
ments fa overhead expenses to Hughes HeBcopta Inc. pending an 
investigation of “serious charges of accounting irregularities,” Army 
Secretary John O. Marsh Jr. said Friday. 

Mr. Marsh said the payments of about $30 million s month were 
suspended May 17 afta a Pentagon audit died “charges fa unallow- 
able costs, charges for duplicate costs and inadequate internal con- 
trols involving millions of dollars." 

Hughes Helicopter, a subsidiary of the nation's largest defense 
contractor, McDonnell Douglas Carp., is the army’s prime contractor 
for the AH-64 Apache helicopter. 

proved a 

bar government employees from 
dealing with contractors who ap- 
proached them about jobs. 

• Getting the uniformed services 
out of mmtary acquisition. Al- 
though the notion* may seem novel 
or even, radical, many , foreign gov- 
ernments leave acquisition to elite 
civilian bureaucracies. 

The widdy. admired French sys- 
tem is ruri by-a handful of senior 
officers who are permanently as- 
signed toproeureman and whose 
promotions and careen are insulat- 

ed from the armed forces as a 

Another possibility would be to 
allow the armed services to decide 
what weapons’ capabilities should 
be and to perform final tests to 
ensure that those requirements 
were met The interim steps would 
be taken out of the hands of those 
in uniform. 

• Forcing the Pentagon to per- 
mit real competition. Calculations 
indicate that only about 6 percent 
of the dollar volume of contracts is 
assigned comped lively. The inves- 
tigative staff of the House Appro- 
priations Committee reported that 
component prices fell, often spec- 
tacularly, in every case in which 
contracts were awarded competi- 

If signed into law, the Senate's 
measure requiring the military to 
use competitive bidding on most 
contracts could fall victim to bu- 
reaucratic sabotage. Fa example: 
Although McDonnell- Douglas's C- 
17 won a contest for design propos- 
als for a new strategic airlift plane; 
Defense Secretary Caspar W. 
Weinberger chose Lockheed to 
build 50 more of the soiously 
flawed C-5. 

Informed officials said Mr. 
Weinberger was influenced by 
White House pressure. Then, in a 
classic Pentagon action, it was de- 
cided to build the C-17, tea 

On rare occasions, the Pentagon 

has successfully organized compe- 
titions between indnstiy-finanoed 

The competition is intended to 
aid the Pentagon in selecting com- 
panies that wfll be asked lo make 
bids. Unda that system it takes 
one to three years to select a con- 
tractor, a process that critics be- 
lieve could be completed in eight 
weeks in some cases. The length of 
the selection process is one of sev- 
eral possible reasons why Air Force 
weapons that once took five years 
to go into service now take* 11% 

• Applying work-measurement 
standards. UJL industrial engi- 
neers pioneered the science of cal- 
culating how much a standard hour 
of work should cost, and such tech- 
niques are widdy used in private 
industry. Repeated studies indicate 
that while quality work can be ob- 
tained fa about $35 a standard 
hour, the best mifitaiy contractors 
are charging about $150 an hour 
and in one case have gone to more 
than $3,000 fa a standard hour. 

In writing contracts, however, 
the Pentagon has resisted using a 
scientific calculation of the stan- 
dard hour, which would challeng e 
the entire incentive system. 

■ Controlling changes in design. 
One reason fa soaring prices is 
that -Pentagon committees fre- 
quently add new re q uir ements or 

equipment to the design fa which 
the contract has been awarded. It is 
also common to request technology 
that has not yet been invented a 
engineered while proceeding con- 
currently with production and re- 

Those methods are very expen- 
sive, but the Pentagon argues that 
sucking with proven technology 
would result in obsolete equip- 

• Enhancing “program stabil- 
ity." This approach, given a high 
priority by the Pentagon bureau- 
cracy. is defined as sticking to a 
weapon-buying plan so that effi- 
cient production rates can be estab- 
lished and prices gradually will go 
down. Military officials often ate 
this principle in uiging Congress 
not to reduce budget requests. 

What happens in practice is 
something altogether different, ac- 
cording to a series of studies con- 
ducted by Franklin C. Spinney, a 
Pentagon analyst. Mr. Spinney 
says the unit costs of weapons are 
aeariy'always higher than predict- 
ed. His view was disputed by his 
superiors, who have made strenu- 
ous, though unsuccessful, efforts to 
bar him from testifying to Con- 

The historical tendency to un- 

derestimate costs, which indepen- 
dent analysis say has accelerated, 
has had serious consequences. 
When the cost of all programs is 
understated because of what an of- 
ficial Air Force study called “un- 
bridled optimism" a by outright 
collusion between the services and 
contractors to delude Congress, the 
eventual result is that appropriated 
funds cover neither the purchase of 
the planned number of weapons 
dot tee oos! of operating and main- 
taining them. 

The pate usually taken is to 
stretch the production of all items 
ova a longa time period, a prac- 
tice that inexorably leads to higha 
unit costs and, in turn, aggravates 
the problem in subsequent budget 

Canceling some weapons pro- 
grams instead of stretching all of 
teem ova a longa time period fre- 
quently has beat suggested, some- 
times by military officials them- 
selves. But no matter how 
expensive a ballooning program 
may seem, the Pentagon usually 
has argued successfully that to kill 
a program would be to sacrifice 
money already spent 

Once initiated, a program also 
builds a powerful constituency in 
industry and therefore in Congress. 


f A N N E L 


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Study on Artificial Hearts 
Backs Untethered Device 

Experts VrgeExpanded US. Research 
On Organ With Own Source of Power 

By Lawrence K. Altman 

New York Times Service 

NEW YORK —Hie concept of 
a fully implantable, permanent ar- 
tificial heart has received a sweep- 
ing endorsement from a committee 
of experts appointed to study its 
potential therapeutic impact on so- 

The study group, in a report re- 
leased Thursday that could well re- 
direct national priorities on one erf 
the boldest experiments in medical 
history, said that when an artificial 
bean not connected to a power 
source outside the body becomes 
available, it would cost an estimat- 
ed $5 billion each year, making it 
probably the single roosi expensive 
medical procedure available. 

Yet tee study group called fa 
greatly expandra U.S. research ef- 
forts to develop a fully implanta- 
ble, permanent artificial heart. 
Such devices “could provide a sig- 
nificant increase in life span, with 
an acceptable quality of life, for 
17,000 to 35,000 patients below age 
70 annually." die committee said. 

That projection, which falls in 
the middle range of previous esti- 
mates, was based largely on a new 
study of deaths in Olmsted County. 
Minnesota, undertaken for lne 
committee's assessmenL The com- 
mittee estimated that each implant 
would cost about $150,000 and that 
recipients would survive an average 
of 54 months, but only afta pains- 
taking research through experience 
with inevitable tragic failures. 

The study. doneTor the National 
Institutes of Health, did not specif- 
ically evaluate any of the five im- 
plants of tee Jarvik-7 artificial 
hearts performed to date but dealt 
instead with the general thrust of 
tee U.S. artificial heart program. 
The Jarvik-7 heart requires an out- 
side powa source. 

Depending on the progress of 
experiments on anim als as well as 
experiments on humans with otea 
models of artificial hearts, an un- 
tethered device might be implanted 
in a human within a decade, ac- 
cording to NIH officials. 

Dr. Claude Lenfant, directa of 
tee National Heart, Lung, and 
Blood Institute, who convened (he 
study panel, said tee report “sends 
an important message to our insti- 
tute — a strong directive fa us to 
continue what we started and also 
to mount new programs to develop 
fully implantable artificial hearts. 

Dr. Lenfant explained (hat the 
amount of money involved would 
be a matter of priority in the na- 
tion’s and the institute:’ financing 
Over the next 13 years tee pro- 
grams to develop such a heart could 
cost $73.2 million on top of tee 
$56.6 million already planned, he 

The new study is one of a series 
of periodic reports on artificial 
hearts that officials of the National 
Heart, Lung and Blood Institute 
have ordered in recent decades. 

Critics of the artificial heart pro- 
gram were unwilling lo respond to 
the report Thursday because they 
had not had a chance to study iL 

The chairman of tee committee 

was Dr. Robert L Van Cillers, a 
professor of medicine, physiology 
and biophysics at the University of 

The report of the committee of 
14 said, “The artificial bean will 
likely fall within the broad range of 
currently accepted, expensive med- 
ical procedures." 

It added that the artificial heart 
“will certainly be more efficient 
and a belter use of resources than 
some ’standard’ treatments." 

. The committee raised the ques- 
tion of whether society wanted to 
spend its money on artificial beans 
instead of other medical therapies 
and preventions and social needs, 
particularly if the costs fa the nx> 
dbanical heart restrict access to 
other goods and services. 

The committee said it viewed an 
air-driven artificial hean. which re- 
quires the recipients to be tethered 
to a machine, as merely “a step 
toward the development, valida- 
tion and clinical testing of the total- 
ly implanted tether-free systems 
that we believe are the only systems 
with long-range promise." 

There are total artificial hearts 
and partial ones, known as ventric- 
ular assist devices, that could be 
used on a temporary or permanent 
basis. ' 

But the study group said that it 
believed a “thermal engine would 
afford the potential Tot the most 
compact system with the longest 
lifetime." A thermal engine uses 
body heat as a power source. 

The committee urged more study 
of the ethics or how people would 
adjust to life on the devices. The 
quality of life on an artificial heart 
might seem “more attractive de- 
spite its significant imperfections" 
to those people who have progres- 
sively gone downhill from chronic 
hean disease and the adjustment 
.might be more difficult fa victims 
of acute hean attacks who “with 
catastrophic suddenness” find 
themselves living with such a de- 

Moreover, the committee called 
for “a clearer social consensus than 
now exists about the moral impli- 
cations erf the unwillingness of a 
bearer of an artificial hean to con- 
tinue to accept it.” 

U.S. Investigates 

Washington Pan Service 

WASHINGTON — Officers of 
the Salvation Army charity organi- 
zation are unda criminal investiga- 
tion in several U.S. cities fa having 
allegedly received illegal payments 
from a Philadelphia company that 
handled used clothing, according 
to law enforcement officials. 

The Salvation Army officers 
were said to have taken payments 
from tee Dumont Exjport Co. from 
1970 until May 1983 in return for a 
regular supply of castoff clothing 
that even the charity's thrift shop 
managers found of little or no val- 

Bulgari quartz watch. Water-resistant. 
Stamfess-stee/, gold-steel, 18K gold. 
Available m four sizes. 







PnMhbtd Widi The New York Times and The W ashi n g t on Post 

Let Ratification Proceed 

It is not news that some uitraconsemdve 
groups have long opposed ratification of the 
Genocide Treaty. For decades, alarmist lob- 
bies and isolationist publications have been 
issuing warnings of the dire consequences that 
would befall Americans if the pact, signed 36 
years ago, were ratified by the Senate. Inno- 
cent citizens, we were told, would be hauled off 
for criminal trials before the World Court and 
sent to prison in Iran or Nicaragua. American 
soldiers would be subjected to humiliating 
public trial by scheming Communists. Third 
World dictators would be able to override the 
US. Constitution. Such unfounded fears have 
led to the adoption of two reservations by the 
Senate Foreign Relations Committee, which 
reported the ratification resolution this week. 

The treaty, which has been accepted by 96 
nations, makes it an international crime to kill 
or seriously harm members of a religious, ra- 
cial or ethnic group as part of apian to destroy 
that group. IT the United States were to ratify 
the treaty. Congress would then have to pass 
legislation implementing it- The World Court 
does have responsibility under the treaty to 
interpret its language, but since the court can- 
not conduct c riminal trials or order sanctions 

Radio War With Castro 

Radio Marti, the Reagan administration's 
pet project for annoying Fidel Castro, has 
done just that. The station made its debut 
on Monday. Cuba's Independence Day. In- 
stantly and angrily, Mr. Castro retaliated by 
suspending the only agreement Cuba has 
reached with this administration. The gate is 
now closed to legal emigration from Cuba and 
to the repatriation of 3,000 “excludables" with 
criminal records whom he dumped on Florida 
in the 1980 Mariel exodus. 

Why is the Cuban leader so angry? There is 
not much inflammatory in the content of the 
new station. Congress stipulated that it pro- 
vide news, not propaganda. It follows Voice of 
.America rules that bar freewheeling commen- 
tary by exiles as on Radio Free Europe. Much 
pT its coverage duplicates news carried on 
Florida's SpanLs h-language stations, which 
reach most of Cuba. What seems to inflame 
Mr. Castro most is the new station’s name. 

He has half a point. Jos6 Marti (1853-1895) 
is -Cuba's prophet of independence, a gifted 
writer who agitated against Spanish rule and 

The Secretary Did Well 

Secretary of the Navy John Lehman found 
that General Dynamics, America's third-larg- 
est defense contractor, had padded its bills. He 
insisted that it repay $75 nriUion in disputed 
“overhead’' charges, the most memorable of 
which is a kennel fee for an executive’s dog. He 
also found that the company had tried to buy 
favor by giving a series of gifts worth mote 
than $65,000 10 Admiral Hyman G. Rickover 
when be was overseeing its work on nuclear 
submarines. Mr. Lehman fined the company 
$676,283 — 10 times the value of the gifts — 
and gave the 85-year-old retired admiral a 
non punitive letter of censure. Mr. Lehman 
also canceled two contracts worth $225 mil- 
lion with offending units of General Dynam- 
ics, and insisted that the company adopt a 
“rigorous code of ethics" for its officers in the 
future. He did not bar the chairman, David S. 
Lewis, from further defense activity, as the 
Pentagon's inspector general had urged. But a 
day later Mr. Lewis announced that he would 
resign by the end of this year. 

I Some Democratic critics of Mr. Lehman say 
that, if only as a deterrent to other contractors, 
lie should have imposed harsher punishment. 
They talk of such alternatives as barring the 
company from defense work for a while. They 
note that General Dynamics stock went up 1*1 
points the day after the secretary's action — a 

sign, they say, that investors had expected 
worse. But neither the company’s stockholders 
nor its board can fed good about what hap- 
pened to it. The financial penalties are not 
important General Dynamics has more than 
SI billion in current contracts with the De- 
fense Department; it had profits of S381.7 
million last year. But public h umilia tion has to 
count for something. General Dynamics has 
been found to have violated a public trust, and 
other contractors are on notice. 

There is an acknowledged limit to how 
sharply the Pentagon can deal with a major 
contractor. General Dynamics is the sole sup- 
plier of the navy’s number-one submarine, the 
army’s number-one tank, the air force's num- 
ber-two fighter and much more. The navy and 
other services need General Dynamics. They 
are as dependent on it as it is on them. 

There are serious questions about what the 
Pentagon's relationship should be with its con- 
tractors. Is it right to think of these specialized 
companies as private industry? Does it make 
sense to call for competition, firm prices and 

other features of private commerce on big 
weapons contracts? Or should there be more 

weapons contracts/ Or should there he more 
direct methods of control? But these are larger 
issues. In the context in which he was acting, 
Secretary Lehman served the public well. 


Other Opinion 

Generals Lead South Africa 

[The South African] government has been 
forced to admit that South African troops are 
still operating deep in Angola. There was what 
was termed a withdrawal of all South African 
troops from Angola in the middle of April, but 
it seems that some got left behind. Their pur- 
pose. of course, is to continue to help UNITA 
in its guerrilla war against the Angolan gov- 
ernment. Setting aside all the shortcomings of 
that government, it has plainly been double- 
crossed yet again by the South Africans. 

Whatever we think, of South Africa, repents 
of this episode, on the assumption that they 

are substantially true, show what everyone 
should already have grasped — that South 
Africa is prepared to go to any lengths, break 
any promises, threaten any alliance to defend 
what she regards as her own legitimate inter- 
ests. The cooing noises which her diplomats 
make should not lead the United Slates or 
anyone else into believing that a South African 
accommodation with the Angolan government 
is likely before that government has been 
properly destabilized. In a country which sees 
itself as being at war — which South Africa 
certainly does — it is the generals and not the 
diplomats who usually have the final say. 

— The Daily Telegraph ( London l 


1910: Three Striking Miners Killed 
PHILADELPHIA Striking coal miners in 
Wilkesbarre, Pennsylvania, came into conflict 
with the State Constabulary guarding the 
works [on May 24J. Three strikers were shot 
dead and a large number injured. The strikers, 
most of them Slavs, are employes of the Penn- 
sylvania Cool Company. Almost immediately 
following their refusal to go down the shaft on 
the day Halley's comet was nearest the earth, 
they raised objection to the company's method 
or weighing the product of their work. An 
attempt was made by several thousand men. 
led by several hundred shrieking women, to 
charge the works. Pickets armed with revolvers 
opened fire after warning the mob. This was 
answered by a fusillade of stones, and in self 
defence the constabulary opened fire. 

1935: Average life Span Passes 40 
PARIS — The span of life is increasing. There 
are less children and more old men and women 
in the world today than there were at the 
beginning of the century. But if birth rates go 
on falling while the progress of medical science 
goes on lengthening the life period, a youthful 
world seems doomed to pass into the realms of 
poetic fancy. In reality, the picture is not so 
gloomy, thanks to the lowering of infant mor- 
tality. A hundred years ago the death rate of 
children under one year was more than double 
what it is now. If few children are coming into 
the world, more are assured of an adult exis- 
tence. The average life, about 27 years a centu- 
ry ago, is now over 40 in most Western coun- 
tries. Not long ago a man in his fifties or a 
woman in her thirties was considered “old." 


JOHN HAY WHITNEY, Chatman 1958-1982 




LEE W. HUEBNER, Pubiaher 

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® 1985, International Herald Tribune. All ngfus reserved. 

of any kind except through the United Nations 
Security Council, where the United States has 
a veto, there should be no fear that the agree- 
ment requires abandoning American citizens 
to some international tribunal. 

Senat or Jesse Helms offered two reserva- 
tions, one requiring special UiL consent to 
World Court jurisdiction in cases involving the 
United States, the other asserting that Ameri- 
cans are not obligated to enact legislation 
contrary to the U.S. Constitution. These reser- 
vations purport to save America from a terri- 
ble fate. In fact, it has never been threatened. 

The resolution of ratification now goes to 
the floor encumbered with these superfluous 
reservations. But. while they are undesirable, 
they do not seriously undermine the treaty, 
and it would be foolish for senators who have 
long and faithfully supported ratification to 
abandon the measure because of Senator 
Helms's small victory. It is humiliating for the 
United States, in ratifying, to sig n al uncer- 
tainty about its ability to defend itself against 
unfounded charges of genocide. But even if the 
reservations cannot be ctbninaied by the full 
Senate, ratification should go forward. 


warned against Yankee dominion. It never 
made much sense to expropriate his name for a 
U.S. -run station whose mission is neutral re- 
porting. Imagine the indignation if the Soviet 
Union ignored American objections and creat- 
ed Radio Lincoln to broadcast across the Be- 
ring Strait commencing the Fourth of July. But 
Americans would respond to a Radio Lmcoln 
with ridicule, not jamming. 

Mr. Castro’s angry reprisals are apt to be 
self-defeating. It took patient years to bring 
about the December agreement on repatriat- 
ing the Mari elites. Scuttling the deal harts 
Cuba; witness the glee he has now inspired 
among Caslro-haters in the United States who 
fear any wider understanding. 

The radio war. alas, will not gain the United 
States anything much either. Perhaps no ac- 
commodation is possible that can end Cuba's 
isolation in return for a loosening of Mr. 
Castro's bonds to the Soviet Union and the 
opening up of a closed system. All the radio 
war can contribute, however, is static. 


The White Tribe WUl Have No Negotiation 

P ARIS — The complex of interests symbol- 
ized by the concept “South Africa" — 
“aoartbeid," “colonialism," “East-West con- 

By Breyten Breytenbach 

“apartheid," “colonialism, ‘TEast-West con- 
frontation" — is a running sore on the body 
politic of the world community; we all sense the 
urgency of the issues and the importance of the 
solutions. Bui the veiling of the real strategies, 
and the duplicity of the world powers publicly 
criticizing the South African regime while they 

Mr. Breytenbach, the Afrikaans poet, 
was charged with terrorism and served 
seven years in South African prisons. 
This is the first of two articles. 

— flexing its strength, potting into operation its 
“forward policy" (the step following desta h fliz a .- 

criticizing the South African regime while they 
discreetly strengthen it, make it difficult for the 
outside observer to see a dear picture. 

In this century, successive generations of “in- 
formed opinion” have had to face the phenome- 
non of what I would call ideological rabies. The 

The black majority cairnot settle 
for anything less than full 
participation in tiiepoU Heal, 
economic and social processes. 

niahst terms, its system does reflect the insensi- 
tivities and arrogance flowing from conquest and 
occupation. It would seem as if time passed by 
the Afrikaners, the ultimate settlers from a previ- 
ous and picaresque epoch. In the folds of darker 
and more pristine ages they live an archaic con- 
tradiction: They are a people with a mission; 
they ding to the belief in predestination — which 
accounts for their obstinacy and fatalism — and 
yet they utterly reject the notion of historical 
determinism. They are a white African tribe 

Nazis were a case in point. Iti none of these 
instances could international outrage end the 
horrors. Is it because moral persuasion has no 
political force? Or is it dangerously naive to 
expect some decency in the practice of politics? 

In the case of South Africa, tbehanky-panky- 
ing by the Western powers, the discrepancies 
between words and deeds, can probably be as- 
cribed to the sense of shame resulting from 
collusion. Or maybe the protagonists just don't 
care about world conscience. Are they not hard- 
headed pragmatists after all? 

As the last white colony of any consequence, 
South Africa is a historical oddly. Although its 
history cannot be interpreted exclusivdy in colo- 

tragically defending a superannuated vision of 
Western civilization, thereby dooming them- 
selves and their values to extinction. 

But the odds building up against them — 
demographic, or of blood debts if nothing else — 
do not faze them. There is no hnk between cause 
and effect There is no limit to their cruelty. Their 
God has created, hierarchically. He is terrible 
and wrathful. He provides, but if they do not 

follow His precepts. He will turn away. These 
believers know they can count on their allies 
because they are outlined against the back- 
ground of a weak, corrupt Africa, because they 
will represent a resurgent anti-communism, be- 
cause there is a reassertion of Western interests 
in the continent. They have allies even if they 
have to bribe or blac kmail them. 

(The Anglo- African whites, by and large, 
squat flabbily behind the ramparts of Afrikaner- 
dom — carping, but profiting hugely.) 

White Smith Africa is the regional superpower 

tion), practicing a virulent oppression that denies 
baric rights to the majority in the land It is 
experienced by the rest of Africa as a perennial 
humiliation, a foreign evil The relative apathy 
and silence of Africa reflects an impotence and 
dependence on Western economies. 

The pat explanation is to blame apartheid. If 
that were so, redress would be sample. In Bishop 
Desmond Tutu's words: “Apartheid cannot be 
reformed, it most be dismantled." But what is 
apartheid? In the starkest terms: white minority 
power monopoly. This is the kernel condition 
deemed essential by the Afrikaners for their 
survival. They brook no negotiation. Apartheid 
as racial iacrimiMtiOB is only die means of 

maintaining thfc rieihal mri. Thw pragmafifiM, nr 

“new realists," are willing to jettison appearances 
of apartheid to retain true power. 

It is equally dear that the black majority 
cannot settle for anything less than full partici- 
pation in the political, economic and social pro- 
cesses, mth equal privileges and responsibilities. 
The organized expression of unitary national 
consciousness has been muzzled since the early 
1960s. Yet despite the white minority’s best 
efforts — bannmgs, jailing, mass removals, de- 
priving blacks of their citizenship, killing — tins 
consciousness, resolutely anti-racist, is more 
alive today than ever before. 

Given these twoirreconrilable positions, what 
are the chances for an agreement embodying the 
minimum conditions acceptable to both for some 
form of cease-fire if not coexistence? Recently, in 
Washington, Elliott Abrams, outgoing assistant 

a Soviet prisoner — the {tier of 
speaking out for the ri ght o f? Jews 
to emigrate. Through U)b9e ; yean 
his wife, AvitaL has kept ho name 
and fate before us. 

Scarcdyat home in Israel for toast .. 
than a days « a 
Shcharansky travels to America and 
elsewhere to talk about his case: She 
is 34, Low-voiced. plain in dress, arid 
manner. There is nothing striking “ 
about her — except the esseaaH She 
radiates the potter Of ha omrimt-.' 
meat She had news abort her hnsr 
band on this visit, and abiua-qea- 

elusion drawn front it, ”j.- . -fj ’ 

The stray is worth idling Jra-j£:. 
own human sake, and frawhatftsayi - 
about the whole problem of dealing , 
with the Soviet Union. 

Last October Mr. Shdtamrifr bag ■ 
due to be tranrferrtAfrom O#^ 
Prison to a labor camp. There 
word from him fra months. :8o-& 
December his mother, Ida r M3grrat£, s 

who remain* {q MOSCOW, Went feilf- - 

Interior Ministry to ask about hinT, 

Remarkab ly, the deputy ramgtety 
Ivan T. Bogatnov; saw her and spdm 
kindly to her. He said he wcmhttt& 
phone in a few days, and hc dSLEc 
told Mrs. Mflgrom that her 
in Gamp 35. in the Ur^arid*te§§§; 
could visit him there. She speoLdb 
days with him in mid-January. ■'5.' 

Mr. Shcharansky (old heFTfetf|& 
had had exceptional treatment lately. 
When he reached the labor camp-on 
Nov. 13 he was put tor a hospital, 
given a weekly cardiogram and exgm- 
izxed by a doctor — his first real 
medical treatment since a bungee 
strike in 1983 and some serious heart 
symptoms. (The doctor sad he bad 

ifckhMt K 

narrowly missed another heart at- 
tack.) He also got his first nutt aod 
meat to eat in years. 

Moreover, Mr. Shcharansky said 
he had been told that official., were 
considering his release in an amnesty. . 
The labor camp chief said the same 
thing to Mrs. Mflgrom. After Jhe 
went home to Moscow she had two 
letters from her son saying how nntch 
he loved seeing the sky and birds 
after all the years in a small cefL 

Then in March Mrs. MflgftHLgqt 
two telegrams from the camp'afr 

The 'Holy 

i . by«tj 

n0Ri : ‘ v 

| D 


secretary of state for human rights, opposed an 
excessively somber reading of the situation. 

excessively somber reading of the situation. 
Los Angeles Times. 

Middle East: Converging Boots Stamp Out a Glow 

P ARIS — Faint glimmers of hope By Flora Lewis both sides to make sure that nones 

for Middle East peace talks have 5 

been stamped on again. A combina- 
tion of continued intricate infighting 
among Arabs and unexpected Israeli 
indulgence for convicted terrorists 
has spoiled the climate all round. 

The Israeli decision to exchange 
1,150 prisoners for three captured 
soldiers has aggravated the situation. 

The problem is not the number. It is 
the fact that 79 of the men released 

the fact that 79 of the men released 
were directly responsible for murder, 
380 of them had been tried, convicted 
and sentenced to life, and 600 were 
freed to retain to their homes in Isra- 
el proper or the occupied West Bank. 

This is a change in the longstand- 
ing Israeli policy of refusing to pay 
terrorist blackmaiL U is not a tradi- 
tional exchange of prisoners of war. 

Understandably, the operation 
posed a painful moral dilemma for 
Israelis, what if one of the three 
exchanged were my son? You have to 
ask yourself that.” said a woman who 
has dedicated her life to the Jewish 
state since before it was founded. Yet 

helped arrange the deal, admitted 
that it had embittered and polarized 
his compatriots, stiffening those who 
fed that “we have to Eve by the 
sword" and another war is inevitable. 

The result was a compromise that 
look well over a year to reach, he said, 
and some prisoners who had been 
demanded were refused release by 
Israel. But the mood in the country 
has made most people even more 
adamant against negotiating with 
any Palestinians who might be in- 
cluded in a Jordanian delegation. 

People are saying again that “Pal- 
estinians means killers, ” Mr. Eliav 
reported, and this would make Prime 
Minister Shimon Peres “even more 
reluctant to accept talks." 

The irony is that the exchange also 
weakens what chance (here was that 
Yasser Arafat, the PLO chairman, 
would compromise on terms fra ne- 
gotiations. It was concluded with Ah- 
med JabriL one of the most radical 

This in turn puts pressure on Ring 
Hussein of Jordan. The Syrian for- 
eign minister, Farouk al-Sharaa, who 
is in Paris, said flatly that Damascus 
opposed the king’s accord with Mr. 
ArafaL Syria has been trying, with 
guns and politics, to take control of 
the PLO and force King Hussein to 
accept leadership from Damascus. 

Mr. Sharaa as much as said that 
this was also the reason behind the 
current brutal battle at Palestinian 
refugee camps in Beirut, the worst 
since the Israeli invasion in 1982. 
He claimed that the fi ghting broke 
out because pro- Arafat Palestinians 

both sides to make sure that none are 
in a position to challenge its will. 

The timing takes advantage of the 
prestige Mr. Jabrfl gained through 

poratagaftat Mr. Arafat with fire* 

Children and ordinary people of 
all ages are the victims erf these 
bloody, cynical maneuvers. But they 
are not jest pawns. The killing amid 
not go on if there were not plenty of 
people to feed the flames of hatred, 
fear and ambition. The extremists 
abet each other and crush what re- 
mains of hu man shame and toler- 
ance, of willingness to find a better 
way to live alongside one another. 

In Israel, hard-liners are demand- 

wanted to prove their faction’s “ mill - mg release of Jewish terrorists who 
taiy presence" in Beirut a g ain and took the law into their own hands, 
sap the standing of Abu Musa, the arguing that they should not be jailed 

when their Palestinian counterparts 
are freed. This kind of equality is not 

Palestinian the Syrians have been try- 
ing to put in Mr. Arafat's place. 

The attacks on the camps were morality. It is the sort of \ 

mounted by the Shiite militia group 
Amal, which is on good terms with 
Syria, but it in turn was bombarded 

she thought the price too high. 

Lowa Eliav, the Israeli dove who 

Palestinians, who has strong Syrian by pro-Syrian Palestinian forces from 
support It has reinforced Mr. JabriTs the hills above BeiruL Through its 
argument that only extremism pays. various proxies, Syria was fighting on 

brought the disintegration of Leba- 
non into rival militia bands. 

Arab and Israeli attitudes are 
linked in a macabre dance of abstract 
politics and real corpses. There ap- 

pears to be no way to break it. 

The news that west German book- 

Tax Reform Is Reagan’s Big Chance 

sellers have awarded this year’s pres- 
tigious Frankfort peace prize to Ted- 
dy KoHek makes a startling contrast 
The citation, reads: “For 20 years as 

W ASHINGTON — The tele- 
vised speech President Rea- 

VV vised speech President Rea- 
gan wfll give Tuesday on tax reform 
could be a landmark in the history 
of American politics. But that win 
be true only if Ronald Reagan has 
the boldness and the vision that 
distinguished bis first political hero, 
Franklin D. Roosevelt. 

Ever since the tax reform issue 
surfaced Iasi year It has been clear 
that it offers the Republican Party a 
way to identify itself with the inter- 
ests of millions of working-class 
and middle-class families. More 
than any other issue, it would allow 
Republicans to bury the historic 
liability of being seen as the party 
of big Business and the fat cats. 

By David S. Rroder 

Treasury L the blueprint for tax 
reform put out by the Treasury last 
December, did that It astonished 
veteran tax reform advocates and 
left a good many Democrats shak- 

negotiators have swapped conces- 
sions to this and that interest group 
for support, or grudging accep- 
tance, of the rest of the package. 

As the rumors have circulated, 
the Democrats have come to think 
they may be reprieved. While the 
Treasury has fiddled with hs own 
proposal, congressional Democrats 
have put their trademark on a cor- 
porate minimum- tax proposal that 
will be a key ingredient of any tax 
reform package Congress approves. ■ 

If they can plausibly make the 
case that Mr. Reagan’s package is 
loaded down with special-interest 
exemptions, then the f inal, wa- 
tered-down measure that Congress 

passes will be just another in an 
endless series of tax balls. Raw Mi- 

Lag their beads in dismay dial the 
Republicans had stolen their lunch. 

Republicans had stolen their lunch. 

Some of those Democrats had 
urged Walter Mondale to campaign 
on apian not quite so bold as Trea- 
sury I. But Mr. Mondale demurred, 
choosing the course of caution. 
When they saw Treasury L those 
Democrats feared that Mr. Reagan 
would harness the public anger at 
the unfairness and the staggering 
complexity of the tax system ana 
use the issue to cement voter loyalty 
to a populist Republican Party. 

In the last few weeks Washington 
has been filled with reports that the 
administration is in headlong re- 
treat from the bold principles of 
Treasury L Supposedly, Treasury 

endless series of tax bolls. Republi- 
cans will have lost their chance to 
use lax ref ram as a lever to B”'™ 
majority status in America. 

But Mr. Reagan still holds the 
decision in his Hands, and in his 
memory. Unlike almost anyone else 
in 1985 politics, he remembers how 
FDR was denounced in his time as 
“a traitor to his class." Rich and 
privileged men could not under- 
stand bow the Squire of Hyde Park 
came to be the champion of the 
New Deal. But Mr. Reagan also 
remembers that Roosevelt broke 
the braids of his own political heri- 
tage and created a coalition that 
made the Democratic Party the 
dominant institution in America 
for two generations. 

Will that memory, and that in- 

stinct, guide Mr. Reagan's words 
and actions Tuesday night? My 
guess is yes. We know that the Roo- 
sevelt myth is deeply embedded in 
his consciousness, so deeply that he 
quoted FDR in accepting the Re- 
publican nomination for the presi- 
dency — to the shock and chagrin 
of many of the delegates in DetnriL 

Mr. Reagan's biographer, Lou 
Cannon, reminds us that he re- 
mained a Democrat well into mid- 
dle age, largely became of FDR’s 
hold on his imagination. Tuesday’ is 
the time — and maybe the last time 
for this second-term president — to 
seek major policy ana political gain 
by emulating not just Roosevelt’s 
rhetoric but his brad tactics. 

I think President Reagan will 
seize the moment in the most dra- 
matic fashion posable, by divorc- 
ing his party from the corporate 
sponsorship that has been its suste- 
nance and its curse. I think be wfll 
astonish and outrage some of his 
longtime friends and backers, but 
rfiill the blood of the Democratic 
apposition and forever change the 
way that millions of people think 
about the Republican Parly. 

I think he will talk about the 
loopholes that wealthy individuals 
and corporations use to avoid pay: 
mg their taxes, and wfll promise 
most taxpayers lowerrates and sim- 
pler forms with his plan. 

Am I dreaming? Maybe, but 
watch what happens if Mr. Reagan 
does speak along those lines. You 

will see the landscape of American 

politics change: 

The Washington Past. 

The citation, reads: “For 20 years as 
mayor of Jerusalem, by his daily 
courage, by his often unconventional 
decisions and by his convin cing hu- 
manity, Teddy KoHek has made pos- 
sible m Jerusalem the peaceful co- 
existence of Israelis and Arabs, of 
Moslems, Christians and Jews.” 

Maybe then the inevitable could be 
stopped. Maybe the impossible peace 
could come true. That, too, depends 
on people and what they want most, 
on what they mean by life. 

The New York Times. 

that letters to and from Mr. Sbctotf- 
ansky had been confiscated andzna 
more visits would be aDowetiin K»5. 

Last week Mrs. MUgrom rectavfcd 
the first letter from her son stnbe 
then. It was brief and abruptin tone. 

He was allowed to write only 
facts," he said, and they were tbal~be 
would be allowed to write only oiay 
two months and that all vistsJad 
been canceled. Headed her and Ayi- 

tal “to r emain calm tBldcLV ' V. ._d 

“It sounds like a letter they told f 
him to wiite, w Mrs. ShdUtfati&y 
said, “to show he is there and riot bn a 
hungra strike. We undeiitand from it . 
that he is on a hard regime in die 
internal camp prison. The next step 
wotfld be to return him to QiistappL 
‘ “What we see from this, firam^tQ 
our experiencesrisThot lhoy;djm*t - 
mean it when tlKY hint they’re going 
to release him. They play with hun. 
And they reduce the world’s cancan 
for him to the lowest levels. •• 

“Here is an innocent man; -the 
whole worid knows there is aofcSig 
to the espionage charge againsHnm. 
They treat him badly, isolaie him, ' 
violate their own prison rukK Soitk 
worid just worries if he's afore, audit 
is grateful to learn that he is!. IfcEarv 
gets that he shouldn’t be there atafi,” - 
Mrs. Shcharansky then made>& 
much more sweeping political pram. 
Before agreeing to a summit meeting 
with MIkhaS Gorbachev, sbt said. 
President Reagan should msfe flat j 
the UJLS.R. make a cosmmtment'tq r 
let the 400,000 Soviet Jews who want, 
to go leave in the next four years.^^ 
“That must be done before a new 
page is opened in Soviet-Amerion 
relations, she said. “Our desperate . 
wish is that the U-S. gove rnment ftflre 

a strong position." ' ’ . 

My view, which I told her.tis that 
raising the stakes so high would do no 
good for Soviet Jews — -or fat her , 
husband. The Soviet hierardiy '3des : 
not give way to such absolute condi- 
tians, as three who care aBput-the - 
refuseniks and the dissidents — the 
Shcharansky and the Sakharovs 77 
have sadly learned. The grinding nay 
of slow, hard negotiation, and, jhck 
gress on many issues, is the bdhrw^t ' 
But A vital Shcharansky enghttef 
say, from the terrible Lesson^aHar 
irasband, that we cannot be satisfied 
with thin little promises. In tennaof- 
U.S. opinion, right, left and eenteri . : 
thae can be im summh mettihg with- 
out substantial Soviet action* taJem 
ish emigration- and human rights. * ~ 

The New York Times. 


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Japan; Same Old Story 10 dp anything, in fact, to 

" * nnlrisht ■> 

m % 

Regarding the minion column “ Iso- 
lationist Japanese ? Look Agon " {May 
10) by Daniel Burstein : 

When I first went to live in Japan 
I was excited to learn in the English- 

to do anything, in fact, to avoid an' 
outright clash and a dampdown. 

llie charming youngsters in Yo* 
yogi Park that Mr. Burstem men- 
tions, with whom I used to raixeyoy 
weekend, are low-paid, uninterested 
in politics, unde manding. Tbeycoofil . 

for nAthtnCr a 1 aTI in I . 


2*’ V V ’ V. 

7 ..-lit 

language press that Japaoesc-UJS. f®" nothing at oil in'poliicy^xnaktb&.l 
trade relations were “on the move.” They buy what they find in theihopt 

TVrfanninaJ aFF^uh- i— Tf i. .1 ' 

Determined efforts, in response to 
demands from “angry" U.S. con- 
gressmen, were to be made to tear 
down “unofficial" resistance to free 
trade. The times were changing- gov- 
ernment and business committees 
were "seriously studying” this impor- 
tant and embarrassing question. 

That was 1978. Long-term Japa- 
nese hands, people who, some of 
. them, had arrived with the occupa- 
tion forces, quietly assured me teat 
committees had been “seriously 
studying" fra years. In 1982, when 
I left, they were still at ft. 

Japanese public relations agencies 
produce endless statistics pointing to 
minor breakthroughs, like ihosecited 
in Mr. Bnrstem's article, to explain, 
to console, to temporize, to sweeten, 

They boy what they find in the Shops. 
If it isn't there, they don’t buy iL 
There has not been and wifi never 
be, unless we learn finaflyhow ipsay . 
“no," a breakthrough fra Vft&n 
goods in Japan on the scale oHhe 
Japanese breakthrough in theTftfesti 


• paps. 

r% *;-V ; v 

it. ~ 


h- t \ 

A Negative Tax Idea ' 7. 

In response to “Taxing Americans 
Abroad" (May 16) by Robot CStoqr. 

. Rather than tax the working Amer^- 
tcaa abroad, senators should siggest t ; 
a premium for our furthering cfu&. . . 
mterests, the U.S. economy and pur : 
free-enterprise employers. : -.7 
Schwalbach. West Germany^ . ' 

e. "*• f<k I 
In, , 

^;«2 ess 



Page § 


Orientalist Kitsch Fetches Record Prices 

httenuatenai Herald Tribune 

N EW YORK — One of Soth- 
eby’s most unlikely gambles 
came off Wednesday when the 
“Important Orientalist Paintings 
from the Cofleciion Coral Petro- 
leum, Inc.** realized $7.1 million, 
leaving only three lots, valued at a 
>le $61,500, unsold, 
world record for an Jotsch 
painting, Orientalist or not, was 
established when a picture by John 


Frederick Lewis, called “An Inter- 
cepted Correspondrcce” went up 
to $ 1 , 265 , 000 , including commis- 
sion. It had ban acquired at Chris- 
tie's in London for £247,000 (then 
about $500,000) five years ago, 
which was considered wildly over- 
priced then. Similar records were 
established for Jean-L&m Gfar&me. 
at $440,000 paid for a “Muezzin 
Calling the Believers to Payer 
from the Top of a Minaret” and for 
Ludwig Dentsch. when “Preying in 
the Tomb C hamb er" went up to 

Asked how he felt about the sale, 
the Sotheby's expert Alexander 
Apsis, who did a wonderful job, 
could only reply: “Ecstatic.” Relief 
was audible m his tone as Apsis 
conceded, in one of Sotheby’s rare 
cases of rmrimuterngn t that the 
sale had been “a bit of a gamble. 

company investment. The “collec- 
tion* gave the feel of a collective 
co mpr o mi se with a bit of every- 
thing in iL 

But overriding other consider- 
ations was the nature of the pic- 
tures. Many looked like parodies, 
like so much rise of 19tb-centmy 
academic art in general and of its 
so-called Orientalist sideline in 

Starting with “Muse in the Har- 
em" by the obscure Russian artist 
Vincent Stiepevich, it went on with 
a work of the Austrian painter 
Edouard Ender called “Der Lie- 
Wmg des Paschas" (The Pasha’s 
Beloved) and, shortly after, veered 
rather abruptly to the meat Ro- 
mantic nv- ig tw Eugfene Delacroix 
with “Chevaux sonant de l’abreo- 
voir” (Hoses Leaving the Water- 
ing Place). The title hardly conveys 
the stormy atmosphere of a land- 
scape in the Algerian highlands at 


It shows a horseman wearing die 

baggy trousers and waistcoat in the 
Turkish fashion still prevalent in 
the early days of the French occu- 
pation of Algeria, who is trying to 
steady his rearing horse while lead- 
ing away another restive steed. The 
dim figure of a warrior, spear in 
hand, appears in the distance. 
Painted in 1857, the picture is done 
in nervous, vibrant strokes with 
more than a touch of Turner’s in- 
fluence, heralding the brushwork 
of Im pmsrinnimn 15 yCBIS later. It 
is, in short, a remarkable work by a 
remarkable master, a far cry from 
the Wand picture postcards of Stie- 
pcvich, Ender, etaL 
After that the safe veered abrupt- 
ly to the harsh realism of the Amcr- 
ican painter Edwin Lord Weeks. 
His view of “Camels Watering at a 
Desert Wdl,” dated 1878, is per- 
haps not the greatest work of an, 
but it has a strong atmosphere. The 
w hitish sand strewn With 8 few 
rocks under the intense blue sky of 
the Saharan desert and its pinkish 

wisps of shredded clouds at dawn 
on a spring day. the three low wells 
of roughly carved stone with two 
camels standing by, watched by 
tbdr dark-skinned driver in ragged 
bine robes, the silhouette of a wom- 
an crouching on the rimofadstern 
as she pulls up water — all this has 
the appearance of a genuine docu- 

The contrast with the next land- 
scape, done in 1840 by the Swiss 
artist Johann Jakob Frey, is ex- 
treme to the pant of absurdity. 
“Blick a us der Rdmiscben Wasser- 
lritung in Tbugga" (View From the 
Roman Aqueduct at Thugga, or 
Pngga, near Tebomsouk. in Tuni- 
sia) is carefully composed in the 
neodasacal manner with aH the 
idiosyncrasies of neoclassidsm, 
however ill-suited to the subject 

The foreground, with its growth 
erf spiky leaves and cactuses, man- 

Cairo’s Nightbirds Flock 
To Glittering New Disco 

By Tudith Miller ' coUetage danced to the music of 

Newport Times Semce Michad Jackson, Turn Tomer and 

- ATPr> T _ j 8V - fa* Madonna. For the men, dress was ■“* 

Indeed there were reasons why the ( VX black tie, or as the invitation sug- exotic chocolate-box image, 

sale could have ended in disaster. Possibly feeling that he fc 

The metnres had all heen bought roslatest discotheque, Egypt spar > . whip fsrmmwh m thi* r 

ity in the glare of sub-Saharan sun- 
light, because Claude Lorrain had 
dime foregrounds in the 17th centu- 
ry and his early- 19th-century 
French imitators derided theirs 
would be too. In the distance, the 
tiny figure of an Arab woman in 
white veils riding a donkey has a 
touch of the “Flight to Egypt" 
about iL A pale blue strip of sea 
lined by low mauvish hills appears 
on the horizon with the remains of 
an aqueduct, making it the perfect 

Odilon Redon's “Cactus Man* (detail). 

within the last right years or so. 
reading in tiie preface that the “col- 
lection" had been formed under the 
auspices of Coral Petroleum's 
chairman, David B. Chalmers, one 
felt convinced that it was, at best, a 

The TIoly Torment’ of Odilon Redon 3EK 

. By Michael. Gibson 

International Herald Tribune 

B ordeaux — “a painter. 

who has found his technique,” 
Odilon Redon wrote in his journal,' 
“does not interest me. He knows 
nothing of the holy torment whose 
spring is in the unconscious; he has 
no expectation of whatis yet to be. 
I love that which never was.” 

Bom in Bordeaux, raised there 
on the AIKes Damour (which he 
wrote of as “(TAmour”) and later 
among the somewhat gloomy 
marshes, ponds and vineyards on 
the flatlands of Feyrekbade, his 
parents’ estate; Redon (1840-1916) 
was constantly in search, not only 
of his technique bat also of his 
substance. Has searchi n g makes 
him admirab le at rimra and, at 
times, uneven. 

It also madchm somethmgof an 
esteemed outsider in the ait erf his 
period. He loathed the academe 
style and suffered briefly under 
Jean-lion GirGme at the Acadfc- 
mie des Beam-Arts in Pam. He 
admired Gustave Moreau but de- 
plored Moreau's inability to shake 
off standard academic rhetoric. He 
disapproved of the realism of the 
Impressionists, winch he frit did 
not address the real issues of art ■ 
He followed his own singular ad- 
venture, winch, seen here m its foil 
scope, can strike one as a tremen- 
dous crescendo from .the dark. 

technical points and impetus he 
needed at the start of his career. 

Redan’s father had made his for- 
tune in New Orleans before return- 
ing to settle in Bordeaux. In time 
the family .bought a vintner ** man- 
or and its surrounding vineyards, 
where Redon pew np.Mudh later, 
returning there after a long ab- 
sence, Redon wrote a friendTHln- 
der a lovely light and a fine sun I 
went out to the M&doc in the vin- 
tage season! I am glad I did so for. 
living there no longer, I understood 
everything concerning the fatal ari- 
ght* of the utterly sorrowful art I 
produced there." 

Redon’s ait 
when he lets himself 

death. Dining the last five years he 
even worked as a street sweeper in 
Paris. His engravings, which have 
mare affinity with woiks of the 
German Renaissance than with 
anything rise, are quite without 
precedent in Reach art They are 
“Gothic” in the Fn gHeh of 
the word, bring filled with lurking 
skeletons and fittle scowfing mon- 
sters hidden among the brandies of 
arthritic trees. 

It was Redon's admiration for 
Bresdin, whom he met when he was 
23, that caused him to restrict him- 
self to black-and-white media imtil 
he was 40. (The show includes a 
is always strongest ^ OItr ? i . t of Bresdin cast as a Rem- 
imself be guidedby brandnan philosopher.) 

all in blade and while, to the later 
luminous, coruscating pastd and 
ad odors of the later part of his 

Bordeaux is devoting an n 
rant show to Redon at the 
des Beaux-Arts, with 244 works 
from museums and codections in 
Europe, die United States and Al- 

A display of 23 works at the city 
museum is devoted toRodriphe 
Bresdin, an equally an gular artist, 
who gave the young Redon the 

the unconscious. The result can be 
numinously unforgettable: the 
huge - g rinmng spider in a litho- 
graph done m 1887; a gigantic 
floating eyeball surrounded ojy rays 
of light, an outsized cannonball be- 
ing studied by a scat of Assyrian 
priest — these singular visions are 
pure Redon in the daric vrin; they 
refer one bade to Goya and for- 
ward to Alfred Kuten. 

But Redon does not have Goya’s 
ferocious genius or Robin’s per- 
verse and pervading sexual terror. 
Consequently, die tension some- 
times drops abruptly and we come 
upon a work that is no more than a 
concept that did not fully come to 
life. The spaniel's eyes cif some of 
has “elevated” figures can appear 
self-indulgent, and his female 
heads are generally problematical 
(except for a .charming lithograph 
of a guTs head done m 1884) be- 
cause they have neither hieratic in- 
tensity nor fleshly substance. 

But Redon's work is dearly the 
trace of a singular spiritual adven- 
ture. The influence of Bresdin at 
the outset probably encouraged 
him in this angularity. 

Bresdra, the child of a poor Bre- 
ton family, lived a fiercely indepen- 
deht Bfeittthe service of his art that 
literally kept him a pauper till his 

But when Redan did tarn to col- 
or, he did so with an intensity that 
was really without precedent to 
that day. He was already a master 
of the cknr-cbscur, the contrast of 
light and dark in charcoal drawings 
and lithographs. And he subse- 
quently transposed this under- 
standing of light to his pastels and 

A splendid pastel from the 
Woodner collection shows a deep 
bhe boat moving across a bright 
green sea with a sail as luminously 
yriknv as a mustard field in May 
spread overhead. The interplay erf 
these colors and their intensity sug- 
gest that light is pouring out of the 
picture ilsdf, as in a stained glass 

Redon had a strong fink of 
friendship with Stiphane MaDar- 
mfc, and they were even working on 
the ilhistrations of Mafiarmt’s un 
cop de dh jamais n’abotira le ha- 
jotiT when the poet died This, and 
the subject matter of bis work, ties 

liament voted to review the coun- 
try's laws “systematically and 
saeutificaHy," to ehmmate those 
inconsistent with Islamic law. 

Sharia, as the 1,300-year-old Is- 
lamic code is known, frowns on 
alcohol, ambling and the night- 
club fife — all of which have helped 
to make Cairo the playground mid, 
contend, the vice 
capital of the Arab world. 

But the assembly’s action has 
done little to dampen the enthusi- 
asm of Egyptians for night life. 

“We only had about 50 Egyptian 
members when the club opened on 
May 2,” Lena Bamya, its public 
relations representative, said 
“Now we have more than 100." 

The dub, in the H Gezrrah Sher- 
aton overlooking die Nile, is the 
first of the chain of nightclub res- 
taurants to open in the Arab world 
and Rfegrne cut the ribbon and 
deed the cake. R&gine Choukroun, 
who was bom in Bel gium and is 
Jewish, said she had achieved her 
ambition to become “an interna- 
tional person.” 

Egyptians say Moustafa Abuai- 
sha, the Palestiman-bom owner of 
the dub, paid 300,000 Egyptian 
pounds, or about $360,000, for the 
use of Rhine's name. 

This is one erf the few Arab capi- 
tals where such a dub could exist, 
given the growth of Moslem funda- 
mentalism and curbs an the sale of 

Many guests predicted that 
Egypt would never adopt Sharia. 
“It’s simply not Egyptian,” said 
one Cairene in an Islamic-style jew- 
el-studded headdress. 

But last week an Egyptian judge 
approved the confiscation of 3,000 
copies of an unexpurgated edition 
of “A Thousand mid One Nights” 
on the ground that the classic con- 
tained obscene passages. 

R6gine’s gala was postponed at 
least three times, Egyptians said, 
while the Panamanian-registered 
company battled Egyptian cus- 
toms, which delayed the importa- 
tion of the strobe lights and stereo 
sound system. 

The dub is a masterpiece of dis- 
co art. The ceding is composed of 

An Egyptian cabinet member at- 
tended, bat he rtmt his nam e 
not be published. A member erf the 
Moslem Brotherhood, the Mami e 
fundamentalist political party that 
is advocating the adoption of 
Sharia in Egypt, held watch out- 

He scowled at the bare backs and 
exposed knees. “These people don't 
belong in Egypt," he complained. 
“This is decadent.” 

Decadence in Egypt is expensive. 
Membership in the dub costs 1,500 
Egyptian pounds, three times what 
the average Egyptian makes a year. 

The o pening- ni g ht guests mdnH - 
ed I man, a blond actress known for 
her portrayals of the seductive 
woman who temporarily steals hus- 
bands from devoted but less attrac- 
tive wives. “It’s a wonderful addi- 
tion to our night life,” cooed Iman, 
whose real nam e is Louise Sarki- 

None of the more than 25 celeb- 
rities invited to the opening, among 
them Ursula Andress, John Tra- 
volta, Brooke Shidds and Julio Ig- 
lesias, showed up. But the dub as- 
sembled right of what it called 
“most beautiful women in 

Among them was Miss Egypt, 
who was Miss World of 1954 and 
who declined to give her age. She 
was delighted to be back. 

“I'm married and live in Rome," 
said Antigone Costanda, an Alex- 
andria-born beauty of Greek ori- 
gin, adding with a sigh, “It’s nice to 
see a little of the old zest and gaiety 
back in Cairo again.” 

Dutch Museum to Show 
Rembrandt Drawings 

The Associated Press 

AMSTERDAM — Fifty Rem- 
brandt drawings that have not been 
shown to the public for as long as 
100 years are to be displayed at the 
Rijksmuseum here next month. 

The works are among 60 draw- 
ings by the 17th-century painter 
that the museum acquired over the 
last century, and date from every 

had not 

gone far enough in the way of artis- 
tic diversity, the “collect or” had 
further acquired a scene of horse- 
men prancing in the desert by Eu- 
gfcn e Fm menitn, the French auth or 
of the Romantic novel “Domi- 
nique," who spent years painting in 
Algeria in a Romantic manner. He 
had even bought a portrait by Co- 
rot, who is hanfiy thought of as an 

But this towering master of the 
French school had once portrayed 
his popO Ernest Dumax dressed as 
an Algerian Airfb warrior. That was 
a good enough reason for the “col- 
lector,” even though the white sil- 
houette, boldly sketched in quick, 
broad strokes of the brush, is closer 
to the modern vision than to the 
sickly Iritscb that made up much of 
the collection. 

In short, subject matter, not aes- 
thetics, was the link between the 
paintings. They deah with the Mid- 
dle East as seen or dreamed by 
19th-century Europe. There were 
street scenes, apartment scenes and 
desert scenes. In aridiripp to the 
record-breaking “Call to Prayer, 
the one had views erf “Saying Prayers in 
the the House of an Amaul Chief.” 
“Praying a the Mosque of Qayt- 
Bay" in Cairo, by Jean-Lton G6- 

The •whirling dervishes carefully 
observed by Grifrne, followed (hie 
“scribe” fancifully depicted by the 
inept Dentsch. who always got his 
details garbled — no Middle East- 
erner ever threw a rug over a sofa 
nor held his pen in the way the 
gentleman does. The signature at 
the bottom of the picture states 
that it was painted in “Paris 1896/ 
and this one can believe. The scribe 
his beard as he lories up 
uy with one eyebrow raised 
has a Western, 
pression unlike any 

veiy Parisian, ex- 
ny Middle Easton 

Not only has the so-called “col- 
lection" no aesthetic unity, but it 
does not show any concern for doc- 
umentary value. How could such a 
motley assortment do so weD? Ap- 
sis explained that “new buyers," 
the current obsession at Sotheby’s, 
played a key role. “The buyer of the 

jiw, th* a-win ___ small squares of mirror tiles, and a major period of his life. They Ulus- Lewis has never bought anything in 

UK artist into Ute Symbolist move- emk* rrntr hit Hmerimmlglinn with van- .n. U. J 


Afit£,4U.7HM9? ATLEAST 


THzmmsmfr uskk&w I 



K&Auee* * 

V amfn 



XT &**■ 

•r gas? 

sesm' - 














meat But his highly individualistic 
idiom generally preserves Mm from 
the chcb& one often associates 
with this tendency. 

“ Odilon Redon,” Galerie des 
Beaux-Arts, Bordeaux, to Sept 1; 
Rodolphe Bresdin, Musie des 
Beaux-Arts, Bordeaux, to Sept. L ■ 

Bordeaux also has a splendid 
space devoted to contemporary art 
in a former 19tihcentmy ware- 
house known as the Entrepot 
Lainfe. Until Sept 8 , it offers an 
exhibition of recent works by Jan- 
ms Kouneffis(who likes to incorpo- 
rate fire/ in the form of blowtorch- 
es, in his work) and by a young 
Spanish painter, Miguel Baiprib, 
who makes a witty and sometimes 
aesthetically persuasive use of the 
currently pervasive expressionist 
idiom and over-large format 

Viewing Barcd 6 after Redon can 
be interesting, because some Re- 
don works (Ins “Cactus Man," for 
instance) could very well be Neo- 
Expressicmistif they were blown up 
to alarger scale. But largmiss, with 
some subjects, can be irritating and 
destructive. Redon's “Cactus 
Man" is an odd vision that we are 
willing to 000960 * because it comes 
to us in a modest format EouaHy 
valid fantasies blown np to cwnml 
size invite rejection because they 
become too sdf-assolive. 

Barcdb’s paintings, despite the 
scale, somehow avoid tins pitfall, 
perhaps because thee is a struc- 
tured mtdhgence at work in them. 

“Kameflis aid BarceM," Entre- 
pot hunk. Rue Foy, Bordeaux, to 
Sept 8. 

giant revolving mi rrored strobe 
light hangs above the dance floor. 
The deep blue velvet chairs and 
banquettes provide a view of the 
dance floor and the Nile. 

)tian women in tight se- 
gowns with un-lslamic do- 

nate his experimentation with vari- 
ous techniques and media, includ- 
ing p encil , charcoal *nri pen, and 
include a study fra his painting 
ics: The Sampling of the 
Guild,” which 


“The Syndics; 
hangs m the Rij! 

our rooms,” was his way of putting 
it And it would seem to take a 
virgin mind, unaware of such con- 
siderations as the current prices for 
truly great paintings, to pay such 
an enormous amount for that pic- 
ture. Sotheby’s would not release 



W, nm Dofarodta 62100 Cnfcft T.L, mi 97J33J6 
Ms Erie MiiON AudueMr 

SUNDAY JUNE 16 AT'IO curl and 2&0 pjn. . 


~~~ Free cafahgue an request at the Office : 

Collector’s Gride 

and antiquities, bronzes, 
textiles, jewelry, stone, 
weapons, weeds etc. 
Supplier to galleries in the 
AsSnregkm for years. - 
Petangt No. 37, Tbr. Baton IA. 

In Amman 

we delight in our traditional 
Jordanian hospitality. 

So will you. 




Queen Zein Street, RQ Box 35014, Telex: 21207 
For reservations call your nearest Inter-Continental sales office. 

There are also superb Inter-Continental Hotels in Abu Dhabi. AI Ain, Bahrain, 
Dubai, Muscat, Riyadh, Taif and over 80 cities around the world. 

r ■ 

L . - . ^ 

Lewis’s “An Intercepted Correspondence" (detail). 

his name nor even his nationality. 

Other buys were as stupendous 
even if the money involved was not 
nearly as much. There is absolutely 
of proportion to the 
offered for Gfcrdme's “Return from 
the Hunt” On the other hand there 
is no little irony in the fact that the 
Delacroix, a rather remarkable 

painting for its brushwork. should 
have made only S2S6.000. Perhaps 
Sotheby’s “new buyers" never 
beard of the man. 

The results look well on Apsis's 
record. It is useful to Sotheby's 
finances after the Gould perfor- 
mance. But it will not help the 
market at large. Too many people 
appear to have lost their sense of 





. 6, Rue JeorvMermoz. 75008 PARIS. TeL 359.82.44 


recent works 

from May 30 to June 19 198S 


30-32, roe de Seine - Pari* 
(6lh) TeL 326 46 TO 


47 . Kua de Moncmxi, 75008 PARIS 
563.28.85 - 563.37.14 


55 works 
1913- 1953 

April 24 - June 1 

Lm Daily except Sun. & Mon. mJ 

hand-woven TAPESTRIES 
Original prestigious hand-knotted - 

28 Rue Bonaparte, Pans 6th 
Tel.: 329 30 60 : 


6 Albemarle St., W1. 01-629 5161 


29 May - 31 July, 1985. 
Moa-tri. 10-5JQ. Sou. 10-1 2 JO : 




15, Burlington Arcade, Piccadilly, London, WIV 9AB. 

Tel: 01-839 7693 NEW YORK Tel: (21 2) 360 2219. 


Herald Hum 

The PttBv 
Cmvau 48Vi x 36 ins. 

Exhibition of 

Modern British Paintings 

Fully ilhutraud analogue £10 incL p&p. & 

44, Dover Street, London, Wl 

TeL 01493 3939 ^ Tel«M796GB 

>796 GREEN C.„ 

Page 6 


NYSE Most Actives 

33% 32% 
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Z7V, 29% 

BM 7% 
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32 31b. 

33% mi 

60% MU. 

S'* 35* 
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itn SHI 4T8jW 477-55 + 6.98 

iG" 1403 UUt 1413 + B72 

“"IP SOSi SMI ctix mw + 123 

NYSE Diaries 

NYSE Index 





R nones 

[ DOW Jones Bond Avero^l 




Total laii i 
Nm Mats 
New Laws 
Volume up 
Volume down 

BAS A32 

<09 920 

44* 4n 

1910 3033 

11A 112 

13 11 


AMEX Diaries 

NASDAQ index 

amex Most Actives, 

'included to the soles Asms 

High Low Close CVH 
108 . SO 10802 10807 +040 
134.11 12173 124.11 + C.43 
laze? HELPS 10149 + 103 
SB. 11 51 At S3.ll +023 

11402 11*44 11*81 +1109 : 

Trading In N.Y. I 

but Sales *ShYt 
„ 31X993 477*70 889 

20X592 500*33 1018 

24X792 SS0J09 5JM 

268614 567.900 1*84 

19X314 468*30 1.93) 



Tow Issues 
New HUB 
New LAM 

m asi 

Ml 315 

2W 349 

741 795 

2S 29 

9 11 








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30172—0.13 304.15 
36206-00* MM 
34BJ0 — 0X 349*3 
X5M+Z02 29083 
777*0 +0« lEriX 
240*7—039 34023 

wu .hpm 0X270*00 

Prev.4PJIA.TCt. 191*00*00 

Pnt* consol touted dose 119*0X349 1 

Tables Include (tie nationwide prices 
up to the closing on Wall Street and 
do not reflect late trades elsewhere. 

Via The Associated. Press 

VOL hm Lo« 
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Standard & Poor's Index 

High Lew close ciree 

Industrials 20835 207*4 20874 +0.70 

Tr ump . 16*49 140*3 16439 +136 

UIHmM B4*7 B}.« 84*7 + 801 

FlTWKt «« 7? 7 1 T2J1 +0*4 

Composite 18839 1*739 18839 +0*9 

AMEX Sales 

i PJA. volume 
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Prev. cans, volume 

AMEX Stock Index J 

Mae Law Ctae “to® 
23007 22934 330JP +a*» 

* ■ 1 

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PI"- m PE llite High Low bSlotoc 

1 aSS* ”H S &*&«*-% 

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NYSE Prices Stage Modest Rally j 

Sb. Close 

MBs Won Low Oect. Ofoe 

Sis. Oow. . 12 Month 


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27% 18% ADT 82 3825 274x24% 24 24% + % 

22% 15% AElPw 2360 98 9 1646 27% 22% 22% + to 

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32% 14% AFomll 84b TO 14 161 3116 3lto 3116— to 

35% 19% AGnCp 180 28 10 1592 34% 33% 34% + % 

15% 4 AGHl Mt 255 14% 14to 14% + to 

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96% 5B1* AGnlpfB 5870 63 11 93 9216 92% + % 

71 to 4016 AGnpfO 28438 9269 «716 68% + 9b 

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281 210% AN me Pf 280 J 1 282% 2B2% 282% +1% 

38 2616 AHOSP 1.12 38 10 1432 3214 31% 3214 

90% 62% Amrtcti 680 73 9 848 88% 87% 88% +1% 

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28% IBM AMI 82 38 12 3531 24% 24 3414— % 

5% 2% AmMot 1045 3% 3 3 + to 

43% 23% APrrafd 28 3 1133 36 2516 2S%— to 

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16 10% ASNP 10 48 9 37 12 11% 12 + to 

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57% 24% AmSter 84 1.1 10 404 59 57% 58% +1% 

60 46V* AStrpIA 488 43 24 7t) 69% 69% +1% 

54% 51 ASfrpfB 680 122 15 55% Sto 55% + % 

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40 30% AT&T pf 384 98 15 39% 39% 39% + % 

2% 116 AmAflr 

31% 15% ABokr 
70 53 ABrand 380 58 

a 24% ABrt Pi 285 78 

40 30% AT&T pf 384 98 15 39% 37 

40% 31% AT&T pf 384 98 52 40% 40 

27% 14% AWotrs U» X8 9 125 26% 26' 

69% 37% AWctfpf 183 XI lOOz 6714 67 

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71% 53% ATrPr 584 LI 14 70 8F 

1114 4% ATrSc 111 13% 18 

BS% 50% ATrUn 584 48 1 B3 83 

48 20 AmesOs 80 8 22 332 46% 48 

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27% IBM Amfoc 159 2S% 20 

16 B% AmtoSC 6 73 9% 9 

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38% 26% AMP 82 28 20 1140 33% 3Z 

24 11% Amoco 80 23 17 32 13 13 

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15 39% 39% 39% + % 

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1002 6714 6716 4716 

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193 20% 20% 20V*— % 

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30% 19% Anchor 188 48 119 231 

42% 24% AnClov 182 38 34 08 39 

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1140 33% 32% 33% + to 
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485 48 10 107% 106% 107% +116 

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3216 22 BelHwpf 87 Z1 2 

90% 66% BellAtl 600 70 9 891 

31% 22% BCE O Z2B 159 31% 

40% 2716 SffiltSou 200 70 9 2387 39% 

57 40% BetoAH 00 19 M 146 54% 

» 21% Bends 100 30 11 3 30 

41% 33 BaofCo ZOO 50 10 143 41% 

38% J0U Benefpf 490 110 1 37M 

40 33 BWWfPf 480 110 2302 39% 

Wto 17% Benooin 8 1916 

716 316 Benom 071 177 4% 

6% 3% Berkay _ 2 177 6% 

15% 10% BestPd 04 18 28 76lx MV* 

22 14U Bethstl 80 28 1152 

49% 3716 BetnStpfXOO 130 520 

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37 23% Beverly 02 0 17 562 

24%. 19% BKjTTjr 00 15 17 448 

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37 , 26 Bordnwi 1 

24% 14% BorcWb 92 « ID 1740 
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3116 3116—% 
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1% 1% 

5% 5% 

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44 44 

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316 3to + to 
56% 56%— to 
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42% <316 + to 
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21 21 — to 

45V. 4516— % 
15% 15% — to 
30% 30%— to 
48 69 — % 

24% 25% + % 
42V* 43 + % 

12% a + % 
31U 311* + to 
21 U 2116 
56% 57% + % 
38V* 38% +1 

22 22 %—%! 

11% 11% + % i 

3016 3116 +1 
15 ISto + to 
22 VI 22% + % 
32V* 321* + % 
34% 34% — to 
31 to 31% 

59 57 —to 

13% 13% — to 
521* 52% — to 
516 516 

9% T%— to 
14% 14% + to 
11% 31% 


88% +1 
311* +1 
39V* + % 
54 — % 
30 + V* 

40%— to 
37%— to 
38% —lto 

6S6 + to 
14% + to 
17 + to 

41 +16 

20% + U 
34%— % 
22% + to 
10% —1% 
2216 + to 
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20 — to 
5316 + 16 
63%— to 
43%— to 
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57% + to 
26% — n* 
73 + to 


22% + » 
7% + % 
3916— 16 
78V* + 1* [ 
10**— % 
13% + to 

Compiled by Our Staff From Dispatches 

NEW YORK — Prices on the New York 
Stock Exchange rebounded Friday from the 
declines of the past couple of sessions with a 
modest rally, aided by declining interest rates. 

Trading stowed on the eve of the long Memo- 
i rial Day weekend in die United States. 

The Dow Jones average of 30 industrials rose 
5.26 to 1,301.97, stretching its gain for the week 
to 16.63 points. 

Volume on the New York Stock Exchange 

a 1 AlMaat 23 1468 1% 1% 1% 

33% 26% AlaP pfA 192 110 5 33U 33% 33U 

B . 6 AlaP duf 07 110 11 7% 7% 7% — to 

TOto 61V* AlaP pi 900 110 SOQz 76 76 76 —I 

69% 54 AlaP RfUSIZO 70x70 69 ® — to 

16to 11 Aliases 104 49 I 28 15% 15 15 — % 

22% 9% AlskAlr .14 0 9 14V6 2216 21% 21%— to 

W% 10V* Attxtas 08 28 19 30 ITU 16% 17 

3116 221* AIbhum 86 Z4 13 346 32 31% 31%— % 

3116 2316 Alcan 100 40 13 40826 25% 26 + to 

36to 27V* AlcoSM 100 15 12 473 341* 34 34 — % 

2 19% 199* 19% + to 

54 97 96V* 96V* — % 

317 32% 321* 32U 

20 10% 18% 18% — to 

S3 43% 43 53 — to 

1 1091* 109% 1099* 
22002% 102 102 — 16 
37 17% 17% 17% 

dropped off to 8S.97 million shares from 101 
million Thursday. 

Standard & Poor's index of 400 industrials 
rose .70 lo 208.74, and SAP’s 300-stock compos- 
ite index was up .69 at 18829. The NASDAQ 
composite index for the over-the-counter mar- 
ket slipped .01 to 29114. 

Interest rates moved lower in the credit mar- 
kets Friday. Prices or long-term government 
bonds, which rise when rates fall gained about 
$5 for every 51,000 in face value. 

Falling rates have been cited as a primary 
force behind the month-long rally in stock 
prices that carried the market to record highs 
early in the past week 

Otherwise, analysts said that investors gener- 
ally were in no rush to make commitments with 
several unsettled questions on their minds. 

Congress's work on a measure to narrow the 
U.S. budget deficit is about to enter its most 
important stage, with a conference committee 
rankling the task of rccoocfling bills from the 
House and Senate. 

Next Tuesday, President Ronald Reagan is 
scheduled to make a formal presentation of his 
revised plan for tax reform. Many details of the 
proposal have already surfaced, hut it remains 


High Low Slock 

31% 25% 
61% 43 
30 S1% 

21% 9% 
5% lto 
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40to 20 
32% 29 
26% 13 
29% 22% 
45V* 26% 
40% 23% 
40% 27% 
19% 13% 
19% 15% 
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28% 23 
58% 35 
7% 6% 
51% 44% 
ISto 12% 
46V* 48Vb 
20% 12% 
9% 216 
IS 4% 

33% 24 
122 48% 

8% 4to 
57V* 27 
32V* 23% 
7% 4% 
51% 21% 
llto ■% 
44% 34% 
23% 14% 
21% 19% 
27% 18% 
12% 7% 
33% 22% 
1416 8% 

a 11% 

49V* 37% 
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10 % 11 % 
31 15% 

M* 3% 
73% 54% 
45% 28% 
14% 14V* 
21% 1416 
221 141 

27% 15 
14% 10 
40% 24% 
26% 15% 
29% 19% 
34% 19% 

Div- mPE rcteHMiLow oSlotbo 

52 u a 

100 56 11 
108 11 17 
10OO&7 7 

102 50 73 
112 70 I 
195 120 
00 10 9 
106 40 16 
108 2 A 16 
160 17 9 
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104 60 73 
140 15 a 
SS 70 
04 57 IS 
240 40 12 
52 24 98 

22 2216— % 
27% 25% +% 
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19 19% 

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23to 33%—% 
39% 39%—% 
32% 32% + to 
21 21 + % 

38% 29% + % 
44% 451* + to 
36% 36% + to 
32V* 321*— Vb 
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5 5to 

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29% 18% 
359* 19% 
1816 9% 
16% 9% 
29 15% 

44% 20% 
27% 14 
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41% 36 
15 7% 

47% 331* 
21% 17 
25 17 

28% 17% 
2616 20% 
19% 14% 
25% 17% 
351* 29V* 
111* 8% 
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121 * 2 % 
llto 7% 
23V* 1816 
27V* 15% 
24% 16to 
W% 16% 
27% 19 
54 43% 

10 8 
4to 1 
1% to 
4% IV* 
60% 33% 
47% 36% 
57% 48 
57% 51 
21% 14% 
3416 24% 
43V* 231* 
43 23% 

39V* 3116 
38% 311* 
30% 29% 
3016 161* 
200 127 

80% 53V* 
26% 16% 
50% 24% 
13% 5 
13% 9% 
54 42 

38V* m 
71% 34% 
61V* 50% 
20 % 11 % 
26V* ISto 

46% an* 

15% 9% 

311* 24 
70 50 

70 48 

72 50 

27 20 

36 22% 

31 16% 
25% U% 
49V* 27% 

asu 60V* 

43V* 33% 
66V* 52V* 
25V* 21% 
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32 23% 

M 6% 
22% 17 
22% 14% 
62 47 

16% 10 
19% 14% 
37V* 22V* 
25 14% 

32% 24 
71% ltto 
55% 23V* 
40 24V* 

72% 53% 

Cal Fed 08 20 
CalPdpf 475 90 
Colton 05b 10 
Comm I .12 J 
CRLkg M 
CmpRo .Ml 
CconSp 250 30 
CdPpco 100 
Car PE b 00 
Capdto 00 
CapHdS -77 30 
Carings 00 
Carl brio 102 10 
Cam Ft 00 10 
CarPw 200 90 
Carp pt 207 U0 
CarToc ZW 50 

Carrol 07 0 

CorxPIr 100 ZB 
Obltfw 102 4.1 
CorfWI 02 10 
CascNG 108 60 

CaHCpf 110 
CatraT 00 10 
Coco M 12 
Cobra 408 40 

Colon pt 408 11.1 

Cngyn 04 0 

COMM Z3S 57 

ConSaW 202 10 
ConMud 204 100 
CHudpf 209*110 
CnllPS 104 80 
CnLaEI 208 80 
CLoElpfAlS 1Z1 
COMPW 100 140 
CV1PS 100 105 

CntrvTI 00 70 
CwrvOI 200 110 
Cr+tMd 70 20 
GaasAlr 00 20 
ampin 00 17 
Omi! pf 100 40 
arnilpf 400 &5 
cnomso 00 47 
vICW wt 
vi dirt pf 
Ora 180 65 
Orapf 505 110 
Orapf 653*117 
Chcao pflZ40*ZLB 
Chetooa 72 17 
Cherrwd 152 5 l 3 
OimMY 208 60 
OiNYpf 107 40 
Chunk 104 16 
ChesPn ZOO 50 
awvm 200 60 

ailPnT 00* 0 
airlsCr 081 10 

Oh hi pf 

Chrvsir 100 20 
Cbubbi 200 12 
Chubb pf 405 70 
Oiurdis 04 20 
COcorp 202 90 
OnBril X12 65 
dnGG 114 140 
ClnG P< 400 130 
ClnGpf *38 113 
CmGpf 90S 111 
CInGPf 952 1X3 
CJnMIl 72 II 
ClrdK 74 20 
OrOty 08 J 

Cl nerp 206 47 
Often Of 772* 97 
CHylnv 750c 
Ctylnpf 100 17 
Ctvlnpf 207 1L4 
Ctcfeh- 72 90 
ClarkE 1.10 18 

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<3*vEI 202 120 
CIvElPf 70* 130 
Oavpk 00 49 
Ovpkpf 104 100 
Clorax 106 17 
CteUMn .10* 0 
aa«np 100 is 
Caochfn 00 27 
Coastal 00 0 

Csftpf TJD 30 
Cocoa 296 44 

25% Co team 100 40 
20% Cots Pul 108b 50 
14V* ColAlk! 04 11 
II ColFdSl .16 7 

30% Col Pun 100 48 
39% CaHInd 250 42 
26% CWGaa 218 ms 
45V* CotGspf S56el2.1 
2216 CSOpf 245 
90 CSOpf 01X25 141 
2716 COAIMn 216 45 
25% CmbEn 104 U 
8 Comdli 00 14 
ISto CamWHI 06 20 
8% ComOro 
22V* CmwE 300 100 
13 CwEat 150 110 
13% CwEpf 200 115 
65 CwE pfB 140 105 
10% CWE Pf 207 HU 
54V* CwCpf 000 110 
17% Cam is 272 00 
30% Camat 100 10 
20 CPmrcB 08 0 

26 Corapar 00 22 
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14% Cpfvsn 
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13% GomE 100 09 
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12 281 25 24V* 24% 

19 313 110% 109 109%— 1% 

f 114 56 SI* n 

70 2466 57 56% 57 + % 

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11 230 43 42% 43 + to 

9 38 21% 21V* 21% + to 

119x20% 20V* 20% + % 

9 1657 26V* 26 26% + to 

29 171 BV* 816 8%— to 

f 424 261* 26to 26% + % 

14 236 13% 13% 13% 

7 98 21% 20% 20%—% 

3 48 48 48 

19 18% MV* 18% + % 

41 13% 13% a% 

242 20% 20% 20V*— to 

40 3% Jto 3% + to 

II 91 49% 69% 69% + to 
111 43% 4JV* 43% + % 
218 14% 14% 14% + % 
11 31% 21% 21% + % 
2B 204 213% 212% 213% + to 
11 454x25% 25 2516 + 16 

9 11% 11% 11% + to 

10 83 34% 34 34% + % 

11 31 23% 23V* 23V* — % 

7 2163 27% 27V* 27% 

6 24% 24% 24% + to 

10 175 37% 37% 37% — % 

12 383 1% 8% 8% 

I 33 43 <2% 43 — to 

11 212 29% *% 29% + % 

13 38 35 34% 34% — 16 ! 

9 39 17* 17% 17% 

318 11% 11% 11% 

4 21 21 21 

148S 34% 34% 34% + to I 

12 77 2416 24 24V* + to 

10 4710M 1011*103 +1% 

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27 12 Mb 9% 9% 

9 613 42% 42 42 — to 

VI 140 23% 23 23% + 16 

7 1849 24% M% 24V* 

6 248 27% 2716 27% — % 

40 25V* 25V* 251* + to 

9 303 18% Wto 19% — to 

7 73 25% 25% 251*— to 

91 34% 34 34V* — to 

5 297 W 9% M +to 

5 14 Wto tS 18to + to 

133 Sto 3% 3% + to 

8 87x10% 10% 10%— to 

9 46X21 20% 2Sto— V* 

13 93 36% 26% 26% + to 
17 348 19% 19V* 19% + to 

3566 23% 23V* 23% + % 

4 24% 26to 26to 

158 52% S2 52 —to 

12 143 B% 8% 8V* + to 

146 2% 21* 2% 

10 % to % 

55 2% 2% 2% 

6 715 5B% 58W 58% + % 

1 46% 46% 46% + to 
19 55 S S 
148 521* 52 52%— % 

8 11x19% 19V* 19V*— 16 

13 56 28% 28% 28% + to 

6 7496 41% 4lto 411* + % 

16 41% 40% <1 

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10 22S 34% 34% 34% 

8 2681 36% 351* 35V*— % 
45 1269 17% 17 17% 

70 19 143 1421* 142V* + V* 

11 7516 75 75 — to 

8 102 25 24% 2416 + % 

12 49% 49V* 49%— to 

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600z 71 71 71+1 

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12 1041 ZJto 220* 23V* 

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210 60% WV* 79to — % 

9 2544 35% 35 35% + I * 

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330 25% 2SM 25V* 

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20to 20% 

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46 46 + to 

271 * 27V* + I* 

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9 276 40 47% « — to 

11 266 33V* 33V* 32% + ft 

10 591 15 14% 14%— % 

15 36 18 17% IB — to 

3 1757 101* 10V* w% — % 

7 7640 90 29% 29%— to 

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16 103 36% 34 34 — to 

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9 14 Wto 18 18 — % 

9 6 29 28% 28% 

6 140 13% 13% 13% + to 

l» 34% 34ft 34% + % 

to be seen what reception the pa ckag e will get 
from Congress and the public. 

Brokers also said that trading activity was 
reduced a bit as some market participants got 
an early start on the Memorial Day weekend. 
The markets will be dosed Monday in obser- 
vance of the holiday. 

“There were no real surprises today.” said 
Trade Latimer of Evans & Co. **1116 market 
acted perfectly normally for a pre-holiday da]/.” 

David Polen, an investment adviser, said, 
■‘today didn't really show anything about the 
direction of the markeL” He said that the stocks 
mad* their upward move in reaction interest 
rate cuts and now “we need further positive 
events to s timula te the markeL” 

“All eyes will now be focused on the economy 
and the political process surrounding the feder- 
al budget,” Mr. Polen said. But for stocks to 
react positively, a deficit cut of $75 billion or 
more is required, he said. 

Upjohn climbed 1V& to 1 IOWl The stock has 
been rising sharply of late amid excitement on 
Wall Street over a drag for which the company 
is seeking regulatory approval to sell as a treat- 
ment for baldness. 

Separately, the company said that the Food 
and Drug Administration had given it approval 
to market another dru^ for treatment of arthri- 
tis, in an increased tablet strength. 

SmithKline R<i-Vm*n which said it got FDA 
clearance to market a new anti-arthritis drug, 
gained 2% to 70. 

Airline stocks were generally strong, led by 
UAL, up 2% at 49. The company, which is 
engaged in talks se eking to end a pilots' strike, 
said it could not explain the activity in its 
shares. (AP, Reuters) 

12 Month 
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100 70 9 

n 20 

1.10 33 12 

102 40 16 
200 7J 

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00 10 19 
04 17 
04 13 17 
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101 12 17 
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463 90 
460 70 

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28% EulRaa 10* 30 8 
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106 109 
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25 2716 
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00 Z9 IS 505 
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00 20 5 154 
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02 22 22 
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31 30to 
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54% 27V* 
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13% 8ft 
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26% 24ft 
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27% 28 
39ft 25% 
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30 16ft 
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Page 7 

U.S. Shifts 

Role in Bid 
For Peace : : 

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g •» . £ By Bernard Gwtrizman 

’ WASHINGTON — Once more 
li. ■>£;/» there « talk tf bringing peace to the 
/; <i; y £ Middle East,' and .once more Jor- 
s : - dan and the United States are ia- 
vdved in drawn-ow discussions 
■*;» ^ ['• S; about what to do next Has has 
i?? £ ^ been happening intermittently, for 
18 years. And, understandably, 
there is considerable skepticism m 
the United State&and in the region 
that anything will come of the lat- 
est effort. 

What makes this set of discus- 
sions different, however, from the' 
^abortive efforts of the past is that 
Tot (he fast time, King Hussein of 
Jordan, in collaboration, albeit un- 
certain, with Yasser Arafat, the 
leader of the “moderate'’ wing of 
the Palestine Lflxiation Organiza- 
tion, has taken the initiative.' The 
United States, rather than serving 
as a catalyst in the Middle East, 
now is reacting. 

And it is reacting with exceeding 
caution. Having been frustrated so 
often in the -past, most recently a 
year ago, when King Hussein 
erupted in anger at Washington, 
and two years ago when 'the king 
gave up on peace talks when Mr. ■ 
Arafat altered his position at the 

Hussein Makes 
The Rounds for 
Peace Effort 

By Julian Nundy 

3; 5* h. 

H bon BE lyoni K Lyon 

From left, a brick and tile factory near Amman, workers atop a cement factory in Rashadiya, and columns at the Roman city of Jerash. Articles inside. 

a r ?. £ 

Despite Drop in Reserves, 

eeps Its Balance 

By Alan Madrie 

fat set.of proposals. 

Secretary of State George P. 
Shultz, who is charged with f Mow- 
ing up on the plan,- in particular 
seems las than enthused by the 
Jordan-PLO approach to the peace 
effort. On a recent trip to the Mid- 
dle East where he spent several 
hours with King Hussein in die 
port dty of Aqaba, Mr. Shultz as- 
serted that there was . a “genuine 
sense of movement” in the region, 
buL also many “hard problems” to 
solve. King Hussein, who was to 
visit President Reagan on May 29, 
while in the United Stales to see his - 
<pn graduate from Brown Umverri- 

■•5 ' 

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been pressing - Washington l to be 
more suOTOTtiveL ' • . - . 

“Pot the first rime since Israel 
invaded and captured the West 
Bank, including East Jerusalem, 
Gaza and the Gobm Heights, 18 
years ago, there exists an unprece- 
dented opportunity for the parties; 
involved to reactivate the peace 
process, based on the re turn, of ter- 
ritory in exchange fear peaces” King 
Hussein told an Arab- American 
group on May 4 in a speech deliv- 
ered via satellite. ‘Tins opportunity 
should not be missed. It is an op- 
portunity that I know win never 
come again, if wcfail now.” ' 

There is of course, a very special 
relationship between- Kong Hussein 
and the United Slates not shared 
by any other leader in the Middle 
East. All the other heads of State 
who ruled in the Middle East at the 
time of the 1967 Arab-braeS war 
tave passed from the scene. And 
.one. King Hussein still relives 
(Continued on Page 10) 

AMMAN — It is difficult, driv- 
ing through the prosperous suburbs 

Of Amman, to imaging Jordan in 

the throes of a financial crisis. But 
by any normal criteria it is — and 
in a major one too. 

Since the h ymning of the year, 
the Central Bank’s resaves have 
halved to less than two months of 
exports — a situation that would 
have most countries raising interest 
rates, imposing exchange controls 
and, at the least, calling in the In- 
ternational Monetary Fund. 

But Jordan's situation is anoma- 
lous. The economy has survived in 
a state of irregular equilibrium for 
so many years now, supporting a 
chronic trade deficit balanced more 
or less by inflows of Arab aid and 
workers’ remittances, and caught, 
too, between the political and milk 
tary maneaverings of Israel and 
Syria and (he changing kaleido- 
scope, of in to - - Arab- poUljcs^ lhat 
setbacks tend to be taken fotgnmt- 
ed, while its international credit has 
remained good. The foreign public 
debt is no more than S2 billion, 
with no commercial borrowing, 
and the debt-service ratio is an ac- 
ceptable 21 percent The interna- 
tional community is not going to 
get worried until that credit is ex- 
hausted. ‘ 

: There were special circum- 
stances that created the run on re- 
serves. . Payments for military 
equipment and other imports were 
TmadhecT with nib compensatory 

receipts. But most importantly, a 
$125-million export 

-million export credit ar- 
with Iraq was run up to 
$190 million, and Baghdad was 
slow in honoring it The situation 
has eased now with the.ddiveries of 
Iraqi oil to the Zarqa refinery, but 
it placed an acute strain on the 
Central Bank’s reserves, which fell 
by a total of S317 infflion in Febru- 
ary and March to $370 milli on — 
and further still in ApriL 

However, the reserves benefited 
from a SS6-nullion IMF standby 
facility and a $70-million bridging 
loan from the Amman-based Arab 

A $200-nrillion syndicated loan 
is being arranged by the Arab 
Bank, which will in part repay its 
bridging loan. 

-However, at best it is a breathing; 
space. Local banking sources esti- 
mate that Jordan would have no 
difficulty raising another $200 mfl- 
lkm on the Eurodollar market next 
year, and it could stiH make further 
drawings on the IMF. But another 
large militar y loan is believed to be 
in the offing. 

The financial crisis has been ex- 
acerbated by the failure of the Gulf 
states to honor their pledges made 
at the 1978 Baghdad summit meet- 
ing Arab aid has dwindled from a 
promised $1.2 billion to S500 mil- 
lion, with only Saudi Arabia bonor- 
mgits commitment in full and Ku- 
wait in part Last year Qatar and 
the United Arab Emirates failed to 
meet their commitment. 

Remittances have kept up well, 
at $2 bflhon a year (roughly split 
between transfers through the 
banking system and cash) but their 
composition is changing. They 
have been maintained by imagina- 
tive new incentives to attract sav- 
ings of these returning for good. 
But the numbers of Jordanians 
finding work abroad is diminish- 

Largely because of a recovery in 
phosphate sales and a good export 

high priority being given to export 
promotion and the encouraging 
short-term outlook for phosphate 
'markets, the prospects for further 
improvements in export are good. 
But exports, at S756 million, are a 
fraction of imports. Containing the 
import bill at 52.79 billion last year 
was only achieved by falls in capi- 
tal goods and raw-material im- 

As things were, something had to 
give. The government could not 
stimulate the economy without em- 
barking in earnest on deficit fi- 
nancing and dragging itself further 
into ownership and control of the 
economy. For a country where 70 
to 80 percent of government expen- 
diture translates into imports, this 

71a Nm Tort Taw 

course was a recipe for disaster. As 
it was, the creeping nationalization 
of the past six years — when the 
government consciously took the 
lead in promoting development — 
.had left the economy increasingly 

dependent on state finance and at 
the mercy of public-sector empire 
builders. It had reached the stage 
where the worst offender, the Min- 
istry of Supply, had considered na- 
(Con tinned on Page 9) 

AMMAN — King Hussein, who 
acceded to the Jordanian throne 33 
years ago this month, has marked 
the anniversary with a hectic diplo- 
matic round to give new impetus to 
Middle East peace moves. 

The eventual aim is to obtain 
self -determination and a homeland 
for the Palestinian people in ex- 
change (or peace with Israel. 

The king , who is due to meet 
with President Ronald Reagan in 
Washington on May 29, has been 
touring the Arab world to explain 
his view that a recent accord be- 
tween Jordan and the Palestine 
Liberation Organization on a joint 
peace strategy is the region's “last 

The agreement was reached on 
February 11 after two years of at- 
tempts to work out a common 
strategy to respond to President 
Reagan's proposal of September 
1982 — rejected by Israel —for a 
degree of Palestinian autonomy un- 
der Jordanian guarantees. 

King Hussein, in addition to his 
Arab and Washington visits, is to 
gO to London. The PLO chairman, 
Yasser Arafat, recently headed a 
Jordani an-Palestini an delegation 
to C hina. Other PLO and Jordani- 
an envoys are visiting the Soviet 
Union and France. 

Jordanian officials stress that 
there are a few rays of hope in the 
Middle East these days, although 
the major obstacles to a settlement 
remain seemingly unsurmoun table. 
But they also emphasize that they 
view evidence of quick progress to 
be essentia] if the region is not to 
undergo a destructive phase of rad- 
icalization, bringing new acts of 
terrorism in its wake. 

King Hussein, who has had to 
deal with the loss of the West Bank 
of the Jordan to Israel in the 1967 
Middle East war and with a civil 
war in 1970 against the PLO, has, 
nevertheless, managed to build a 
stable, orderly society, becoming 
probably the most respected 
spokesman for Arab moderation in 
Western eyes. 

His country has been among 
those that have taken the brunt of 
the Middle East conflict, and some 
60 percent of ttis estimated 2J mil- 
lion ci tizens are of Pales tinian 
stock. These factors put Jordan in a 
uniquely central position in the 

Arab- Israeli dispute. 
In addition, the ki 

king has repeat- 
edly stressed his friendship for the 
United Slates and its Western al- 
lies, despite many differences of 
opinion over the interpretation of 
regional developments and a U.S. 
reluctance to sell Jordan sophisti- 
cated military equipment to match 
that sold to Israel 

Bui impatience with wholeheart- 
ed U.S. support for Israel has been 
making itself increasingly felt in 
Jordan and elsewhere in the Arab 

“How can you have confidence 
in the United States when your 
enemy is being armed and you are 
denied aims of simil ar impor- 
tance?” a senior Jordanian official 
asked. “The Americans say ‘we 
shall not give arms until Jovdan sits 
at the peace table.' What table?" 

The main stumbling block in the 
way of the Jord&nian-PLO plan is 
who would represent the Palestin- 
ians living on the occupied West 
Bank and Gaza Strip. 

For the Arabs, there is no doubt 

(Continued os Next Page) 


sector, the trade deficit 
percent in 1984 to S2.03 

Largely because of a growth in 
phosphate sales and a good export 
performance by the mmufacturing 
sector, principally because of a re- 
covery m exports to Iraq, the trade 
'deficit dropped 17 percent in 1984 
to $243 billion. Considering the 

Aqaba Expands as Resort and Trade Hub 

Reconciling and balancing interests and activities of 
tourism, industry and commerce along a coastline of only 
27 kilometers requires careful planning . . . 

By Anne Counsell 

AQABA — The once-sleepy fishing port of 
Aqaba at the southernmost tip of Jordan became a 
focal point this month when UJS. Secretaiy of 
State George P. Shultz arrived for talks with King 
Hussein an Middle East peace. On April 26, the 
flags were out for the inauguration of a ferry-boat 
link between Aqaba and the Egyptian port of 
Nuwdbe in Sinai when King Hussein, Sultan Qa- 
boos of Oman and President Hosni Mubarak of 
Egypt converged in the port city for the opening 
ceremony and a tripartite summit meeting. 

However, long-term development plans aim to 
ensure that Aqaba is more widely recognised and 
well-known for reasons other than periodic meet- 
ings. The Aqaba Region Authority, an umbrella 
far the social and economic development of the 
area, has recently drawn up a 380-mQhou-dmar 
($1 -billion) five-year plan to promote the Red Sea 

port as a tourist resort as well as industrial and 
trade center. This figure, which is equal to the 
amount invested in Aqaba in the past 30 years, 
indicates just bow much importance is being 
placed on developing the region’s potential 

The task of reconciling and balancing the di- 
verse interests and activities of tourism, industry 
and commerce along a coastline of only 27 kilome- 
ters (16.2 miles) requires careful planning and 
rational expansion. This task was designated to the 


Region Authority when it was established in Janu- 
ary 1984 as part of a government move toward 
decentralization. In effect, the authority is an “ex- 

periment” in socio-economic development and, if 
successful, could lead to Other gmilar re g i onal 
authorities that would relieve central government 
of much detailed paperwork. 

The authority’s president, Mohammed Said 

(Continued on Page 11) 

I Lycra 

At Aqaba's port, room for swimmers and freighters. 

... L . 


A 1 -; 


-L fl » r ~ 

t T # 1 

-1 " M J 

--*1 I 

Established May 21. 1930 

Telephone: 660115, 669130 


ill Ik 

ink Ltd. 

Co— Trial Buk 

Telex: 23691 — 23692 

' SHMEISAN1, P. a Box 956544, 956545, 

Anuaaa, Jordan 

Gable: BANKARAK Codes: Peterson’s 4th Edition 

■ . ■ J -v - r ‘ !• 

~ s V. - IV * f - i 

j It-,.- 

. ■ • - T • 

■- ’ 










Cash in hand and at banks , - 



Deposits and other accounts 



Items in transit 



Items in transit 



- Securities and investments 






Investments in associated companies 



Dividends proposed 



Bills discounted 



Total Lfabtlfttes 



Loans to customers 



Shareholders' Equity I 

■ lilllm If— mb— 




Furniture & eauipment 



Statutory reserve 



Customers' liability on acceptances 



General reserve 



Other Assets 



Voluntary reserve 


47, 174,197 

Total Assets 



Retained earnings 

41 ,872,322 


Customers’ Liability on guarantees and-letters of credit 


Reserves with associated companies 




Total Shareholders* Equity 



*'■ . •; • 

Total Liabilities and Shareholders’ Equity 


Guarantees and letters of credit 


' 1574.846.067 1 

HBfeaaiflBBHHi 1 1 1 iKia 

K;f <■; g 

ii ^~ ‘ i •[ * I 

* Decreases In the 1 984 figures are apparent They resulted from the rise in the dollar value against all other currencies. 

Notes to Group Account* 

Group accounts prepared for the year 1984 deal with the accounts 
of Arab Bank Ud„ its subsidiaries and associaled companies. The 
accounts of the’Arab Bank (Switzerland). Ltd^a Swiss Company 
wholly owned by shareholders of Arab Bank Ltd., are also included. 
. f n the Group accounts intercompany transactions have been 
eliminated, white investments in associated companies (20% to 
50% ownership interest) are carded following the equity method of 
accounting. . - 7 

The main entitles involved In the group accounts in addition to 
Arab Bank Lid, are the following 

—Arab Bank (Switzerland) Ltd^-: wholly owned by shareholders of 
Arab Bank Ltd. > 7 " 

■ A rab Bank Investment Co. Ltd-, London.-^ whpfly owned 

subsidiary. - ' / I - ' ' 

—Arab Tunisian Bank - 62.4% owned by. Arab Bank Ltd. 

Profit and Loss Account for the veer 1984 

Associ a t ed c ompani es 

Percentage Ownership 



Arab Bank Maroc 


Oman Arab Bank 


Arab National Bank - Saudi Arabia 


Nigeria - Arab Bank Ltd. 


UBAE Arab German Bank 


Arabia Insurance Co. 


Lw Inlaraaf pwd 

rest uirerevi 

D Mw n ct on wdunflB 
Other IncocM 
Total Inco me 









7 57,358.31 2 







Depredation of pramitta ami aqvipmlni 

Ganaral axpanaas and praoiatBoa 





The appropriation account relates to Aram Bank Ud., as no 
appropriation has yet been decided with respect t&the accounts of 
other entities included. 

Exchange rates prevatfing at year end have been used to translate 
balances denominated in various currencies to Jordanian Dinars 
and US Dollars. 

Rxtakwd < 

Deduct i 

t broupnt tonraid 






i apprapr&Hm 
Tiansfar to statutory raaarva 
Transfer to aanaral raaara 
Transfer to voluntary ra**rv* 

DMdanda prepo**4 
Dftactom' laa w awatfan 
Hstsinod — m l npa carried forward 



. 94.977.220 













• * * •; 
T7- »,!* .* i* 


Parliament Back in Action After Decade 


> -. j . . .» fX[KHf ' 

it* miittk 

^ . v*u’r m Mat 

AMMAN — When Prime Minist er Zaid Ri- 
fai was named to head a new government last 

provinces. The 54 deputies wens then given the 

month, he had to face a parliamentary vote of 
confidence preceded by 12 hoars of debate. 

task of appointing ax new members from the 
West Bank. 

confidence preceded by 12 hoars of debate. 
The occasion was evidence of a return to 

Where the flight ends, 
, our work begins, c 

normal parHamentaiy practice in Jordan after a 
lull of 10 years. 

As soon as UUI mil 
you step off the plane at Queen Alia 
International Airport you step into a 
successfully completed Laing project. 
The Airport complex is just one of 

U^IIIS. Others include 
the pharmaceutical factory in Suit and 
several developments for the Jordanian 
Armed Forces. 

Although the projects differ, you’ll 

the many major contracts undertaken find the same expertise and integrity 

* by us in the Kingdom of Jordan. 

always applies. 

John Laing International limited. Head Office: ftg? Street, London NW7 2EFL Telephone: London <0U 959 3636. Telex: 263271. 

(jtk 5 jA UUI dli 


In this time and age 
it is convenient to have a 




cILoj jl cxujQXI (jo 

lull of 10 years. 

Bm. while the lower house of the national 
assembly resumed its activities last year, the 
return to a parliamentary system, so far seems to 
be little more than symbolic. 

“People put a lot of hope in the recall of 
parliament,” a senior Jo rdanian official re- 
marked. “But in reality it has changed very 

The 60-member lower house was suspended 
in 1974 when the Arab League, at a summit 
meeting in Rabat. Morocco, recognized the Pal- 
estine Liberation Organization as the sole legiti- 
mate representative of the Palestinian people. 

The Rabat resolution put the Jordanian par- 
liament in an awkward situation. Half of the 
lower house's members represented constituen- 
cies in the Israeli-occupied West Bank of the 
Jordan whose fate, in Arab eyes, had become 
the responsibility of the PLO and no longer of 

The members had won their seats for a four- 
-year term at direct elections in 1967 —just two 
months before the Arab- Israeli war leading (o 
Israel's conquest of the West Bank. 

King Hussein then suspended the house and, 
three years later, replaced it with a National 
Consultative Council, whose members he ap- 
pointed in its place. Members of the upper 
house of parliament, or senate, also are appoint- 
ed by the king. 

But, over the years, six West Bank and eight 
East Bank lower bouse seats fell vacant as their 
incumbents died. 

“Parliament's members began to decrease 
and fears grew that there was no constitutional 
action possible to redress the balance,” said 
Ahmed al-Lawzi, speaker (rf the senate and a 
former Jordanian prime minister. 

The dilemma was resolved in January 1984, 
when King Hussein issued a royal decree calling 
both houses into sesaon and disbanding the 
Consultative CounriL 

Parliament then the constitution to 

authorize by-dectious in the five East B«nir 

Mr. Lawzi stressed that competition for the 
vacant West Bank seats was intense, with as 
many as 30 candidates for one of them. 

“The West Bank was occupied; it was impos- 
sible to hold elections there," Mr. Lawzi said. 
“But excluding it from parliament would serve 
the interests of the occupiers.” 

Mr. Lawzi and other officials said that the 
appointment of West Bank members did not 
detract from Jordan's recognition of the PLCs 
authority over West Bank Palestinians. 

One Jordanian offidaL himself from the West 

Rank, said: “They are representatives from the 
West Bank, not of the West Bank.” 

At the time of King Hussein's move to recon- 
vene parliament, political analysts speculated 
that he had done so mainly to enable Jordan to 
take the initiative toward a peaceful settlement 
of the Middle East conflict 

In 1983. talks between the PLO and Jordan to 
Find a common negotiating position broke 
down, leaving the two main Arab participants in 
any future peace moves without a coordinated 

Political observers viewed the king’s derision 
to reconvene parliament as a means of gaming 
support from West Bank and Gaza Pales tmians. 

Jordan’s first elections to a national institution 
for nearly 17 years. 

For the first time, women were time to.vate 
and 43 percent of the electorate tamed. cat./ . 

Political parties were not allowed, but. Mr, 
Lawzi said, the field of candidates ampgy j^p* 
seated Jordan's “political trends.” . v , J 

In three of the eight seats. Moslem Flunk- 
mentalists scored victories, and an Anb : )fe- 
tionalist, inspired by the ideas of the bdeEgyp- 

■! Ihr JfcWft* 
iv . j iheknq 
i-'v If* Jgft 

itut ni dl 

tian leader Gamal Abdel Nasser, won a faffing 
When Mr. RifaL a proponent of free oner.* 

.peace Bid 

iXntfit * HI 

When Mr. Rifai, a proponent of free ente^ 
prise, faced his confidence vote on April 29,fiw 
Moslem Fundamentalists and tme Arab Nation- 
alist voted against his government's program. 
Six other members were absent, which IckMl 
R ifai with 48 votes in favor. -• - ■ ' *. ■ ■ 

One intervention against Mr. Rifai ramefrom 
Riad Nawsyseh, who, according to.the official 
Jordanian news agency, Petra, “critirized ti* 
Jordaman-Palestuuan accord and thtfpeaceful 
settlement issue. He asked for relations With the 
Islamic and nonaligned nations to Ite bolstered' 
and for a reconsideration of relations With 
Western states, according to thar attitudes to- 
ward our cause.” 

. mi m m 
. \5ttiwn. tqft - j 

■ vm • 

trim*.' * 


■ '.'fitivla Vi 

Such motives were denied by the then prime 
inister. Mudar Badraa, who said that the re- 

minister, Mudar Badran, who said that the re- 
call of parliament was purely an internal move 
to revive democratic institutions of the East 

If King Hussein ever did have such plans, 
they are presumably now in abeyance, since he 
and the PLO chairman, Yasser Arafat, signed 
an accord on February 1 1 this year establishing 
a joint paation on peace negotiations. 

At the time of parliament's recall, two possi- 
bilities were offered far eventual general elec- 
tions. One, considered the more likely at the 
time, was for general elections throughout the 
East Bank within one year. The other was for 
parliament to serve a full four-year term until 
January 1988 before a new poD. 

Mr. Lawzi said this month that the parlia- 
ment would not seek to renew its mandate until 
it had sat for four years. 

The by-elections that followed the recall were 

Mr. Nawayseh, the agency added, also re- 
quested “that the security forces confine them- 
reives to serving thepuhfc and the h6mdand.« 
The Jordanian national assembly is, MrT 

The Joraaman national assembly is, me 
L awzi said, the country's “third authority” — 
after the monarchy ana the cabinet 

after the monarchy and the cabinet . . 

It functions in a classic pariiammiary fast 
ion. Lam may be proposed by thegowcrmncnl 

- V: JHiMMit * 

Morwss* i to | 

Vm fbink * 

■J A right a * 

wud the HO J 

‘ilmtotc Wc 

or by indrvidnal. me m bers of pariiament Once 
drafted, they eo before the relevant parfiamea- 

drafted, they go before the relevant parliamen- 
tary committee, such as the finance or foreign 
affairs committee. The enmmi tteg then makes a 
recommendation to the lower home 
whether it drinks parliament should accept, re- 
ject or amend the drafL - 
Once a law has passed the lower house, it is 
sent to the upper house. If the upper house 
disagrees with the lower house or wishes to 
make further amendments, a joint session of 
both bouses is hdd. A draft can then only he 
voted into law if the joint sitting approves it 
with a two-thirds minority. • ‘ -T r • 


.-Jibe FLO he- t 
■<: The (ftfttto if 
■!: 'dhc fl Qm- * 
:hs* Pakstia i wi '.4 
tUrarnft tfaxr- d 
\itfjLihrtoal-. w 
. ?*jw irfl tew 

King '' W 


we try to serve you 


P.O.Box: (715) 
Amman - Jordan 
Tlx: 21 240 -21 794 
Cable: CAIRAM 
Tel .639321/7 

jjlsljjls I Makes Rounds for Peace Effort % 

dlaaik ,'a I J JJ 


: jfMJjjJI uKU 

jJjVl — yla£ (VI o) 

nVM-mi- : J4SLE 

: loSjj 



•*03 c**y+* 




(Continued From Previous P^ge) 
The PLO was recognized by an 
Arab League summit meeting in 
Rabat, Morocco, in 1974as the sole 
legitimate representative of the Pal- 
estinian people. 

Israel steadfastly refuses to deal 
with the PLO until it explicitly rec- 
ognizes the Jewish state's right to 
exist. Former Secretary of State 
Henry A. KJssingcx promised Israel 
in 1975 that the United States also 
would never deal with the PLO 
until it recognized Israel's right to 
exist, renounced terrorism and ac- 
cepted the Security Council resolu- 
tions 242 mid 338 on the Middle 


The main thrust of current Jor- 
danian moves is to persuade the 
United States to soften this stand 
and at least be willing to deal with 
Palestinian personalities that Mr. 
Arafat feels can represent his ideas. 

“Why is tins statement of our 
friend Kissing er so sacrosanct?” 
asked an official at Prime Minister 
Zaid Rifai’s office. “It took Mr. 
Kissinger a year of secret negotia- 
tions in Paris with the Vietoong to 
get peace under way. And the Umt- 
Jd States was really at war with 
them. I don’t see why it [the United 
States] shouldn't be able to talk 
with me PLO." 

Peres’s labor alignment has been 
more flexible. 

U.S. diplomats in Amman stress 
what they consider is the indepen- 
dence of the council from the PLO, 
and other Western officials point 
out that the United States has dealt 
with some of its members for years. 
A number of council members, 
such as Edward Said, professor of 
English literature at Columbia 
University, hold UJS. nationality, 
which could smooth some diplo- 
matic wrinkles. Even if the United 
States does sit down with Palestin- 
ian representatives, however, Jor- 
danian officials point out thm it 
will only be for talks about talks, 
not for the start of actual peace 

“There's n 

s no peace process, only 

many who used to believe in a 
peaceful approach.” 

Another official described the 
problem as “the charitm^ of vjo_ 
lence.” “When you are on the road 
to despair, it breeds a warped and 
terrorist mind,” he said. 

Information Minister Moham- 
med al-Katib said that the PLO 
was originally only a political 
movement at its foundation in 
1964. The creation of El-Fatah and 
other guerrilla groups came later. 
Since its defeat during the Israeli 
invasion of Lebanon in 1982, the 
PLO was once more trying a politi- 
cal approach, he said. 

“If we lose tins chance, the PLO 
wil] try again to be more than a 
political movement; maybe it win 

to their interests of theno-war-fld 
peace situation,” Mr. Aba tide# 

- Bm the unfavorable aspects not? 
ed by Jordanian officials areforim? 
dable. They included the Campos' 

turn of the Israeli cabinet, equalte 
divided between Labor and UkDiL 
They said the presence of rightist 

efforts by Labor to move toward 
the negotiating table. - . ; ; .V } 
Another major problem is- the 

Some diplomats in Amman still express 
guarded optimism. One, whose brief is to 
watch the PLO, predicted that there would 
be tangible progress by October. 














Jordan restored diplomatic ties 
with Cairo last September after a 
five-year break over Egypt’s peace 
with IsraeL Jordanian officials say 
that President Hosni Mubarak is 
pushing King Hussein to deal with 
the Americans in the hope of find- 
ing a way to a peace conference 

Foe this to work, any Palestinian 
legates to talks with the United 

delegates to talks with the United 
States must be interlocutors who 
have not incurred Israeli odium. 

One suggestion, has been to talk 
to members of the Palestine Na- 
tional Council, the Palestinians’ 
pari jam ent-m-adle. some of whom 
are not in the PLO itself. 

Israel's reaction has not been 
dear. Members of Foreign Muns- 
ter Yitzhak Shamir's Likud faction 
have raected the possibility out- 
right* while Prime Minister Shimon 

ideas for one,” one official said. 

Few Jordanians or Western dip- 
lomats in Amman venture much 
hope of the Hussein initiative mak- 
ing far-reaching progress and most 
Jordanian officials reply that they 
are “hopeful but not optimistic” 
when questioned about it. 

But they profess to understand 
why the long has chosen this mo- 
ment to press ahead. “If it does not 
work, it means that the option of 
peace is finished,” said Adrian Abu 
Odeh, a senior adviser to the royal 
court. “That does not mean that the 
option of war will follow, but the 
option of chaos and anarchy.” 

The fear behind such words is 
that popular frustration with years 
of stagnation in the Middle East 
will translate into a violent back- 
lash. The example of Israel's mod- 
em wdl-trained army polling out 
of Lebanon after being harassed by 
poorly equipped, iR-trained mili- 
tias is frequently died. 

“South Lebanon has inflamed 
some young West Bankers," Mr. 
Aba Odeh said. “It has influenced 

be worse than over the last 20 
years,” he said 

In assessing the chances of King 
Hussein’s initiative, officials point 

to a number of factors that they say 

could have a positive infltwmr# 

As far as Israd is concerned, the 
positive aspects in Jordanian eyes 
are headed by the presence of Mr. 
Peres as prime minister. His ap- 
proach is less confrontational and 
more conciliatory than that of -his 
Likud predecessors, Mr. Shanfr 
and Menachem Begin, Jordanian 
sources say. 

In addition, the war in Lebanon 
gave the Israeli army the impres- 
sion that it was “fi ghting & people, 
not regular armies,* Mr. AbuOdeh 
said giving Israelis a new view of 
regional realities. . 

Other dements considered fa- 
vorable are the renewal of the U.S- 
-Soviet dialogue, with Hs tendency 
to ease tensions all over the world 

which is at loggerheads with both 
King Hussein and Mr. Arafat. ? 

When the king invited Mr. RifaL 
a former prime minister, to retuw. 
to head the government last moata 
many observers saw the appoint* 
mem as a sign that Jordan wa? 
willing to repair its poor relations' 
with Syria. Mr. Rifai is known to - 
have kept cordial relations with the 
Damascus leadership, but both Jor^ 
danians and foreigners in Amnsui 
say that there has been no sign of 
any overture to Syria since he re£ 
tamed to the government. 

There is little doubt that Syria; 
which sabotaged the Lebanese ac- 
cord on Israeli withdrawal from 
Lebanon two years ago, would do 
its utmost to upset any' initiative 
toward an overall Middle Raat setr 
dement that did not jt as $ 
fuff partner. • ■ 

Publidy, both Jordan and.itou. 
PLO insist that any solution must' 
be global and, therefore, must ii£ 

dial aim would be to convene a 

peace conference under the auspkr 

es of the United Nations'Security 
CounriL . . ; 

Some diplomats in Amman .still 
express g uarded optimism. Onej 
whose brief watch the-FLQ 
predicted that there would be tain 
gible nxogress by October.Buteveq 
tangible progress could hardly be 
more than a slight advance on a 
very long road. - - , 

whatever the outcome, 
Hussein has comnuttcd himsclf to 


“CL colouf t 

lltv *ru7 'WW 

the process, putting Jordan on tfe 
center-stage of Middle Eunfiplo- 
macy in what he feds Is axoakeor* 
-break effort to preserve. ’Arab 
moderation, - 


lying potential danger 

l i a**** -v 

r 'j 


Page 9 


R Iff 




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By lain Jcnlajis | WBMo r 

LONDON" — The' Jordanian 
frariking^etfor & being Irit by the “f 1 ®® 
slowdown of the. eeonomy ■ and Ied ::’r? n: 
CentraT Bank regulations .that' are W'idd.iea 
biting into Tending margins. This mgupwaj 
was. reflected by a' sharp fall in' Some*: 
brofits for oearty all the banks in about a 1 
1984, wiodris expectedto be re- straining' 
peated<thu-year.‘-; : : v--‘: comes at 

> Al the same time, uncertainty 5? VEJieat ^ 

abam~then#nlatioos affectmgfor-. 70 

as hoped’ that 
the new Kweroment of PrimeMm- 
Ister Zaid Rifai wfll Kft 41 k econo- 
my and assist the strained banking : 

' TTMdrom«caiomtcgrowth to4 
percent in 1984, compared with 8 
percent for the past decade, has 
seriously reduced banking activity 
^nd eroded profits. Only the largest 
local bank, Arab Bank, substannal- 
i fy increased profits In 1984 and this 

was largely doe to exceptionally 
high provisions in 1983. 

^ The profits of . the other ea^ht 

■ Jor danian banks fefl by 12 percent 
I to 13 3 miTHo n dinar s ($34 nnffion) 
t in 1984, and the seven smaller 3n- 

temaijonal banks recorded an 13- 
percent slide in profits, to 3.1. mil- 
^ lion dinars And GrindlayS Bank 
< i made a sizable loss far the second 
year miming > 

l.- 3 Bankas blame the Iran-Iraq war 

* and the faD in official aid from the 
rich Gulf Arab states for the eco- 
nomic downturn. On top of this, 

: remittances from Jordanians work’ 

• -ing in the Gulf have fallen sharply. 

' -This- has cot die growth of bank 

deposits as well as affecting the 

■ ’ ^economy. 

^ . ! The rigid interest-rate st r uc t u re, 

' 'ijuhirli has rif^ypd tending marg ins 

- "loonly 1^4 percent, has contributed 
: to the difficulties facing bankers. 

'Central Bank .restrictions place a 
10-percent rriling on bant lending 

- iat toe same time as inczeaamg the 
(costs of fimds by setting a. mini- - 

- onutn rate fen 1 deposits of 8)4 per- 
s (cent 

• . ; Mkhd Mato, deputy general 

manager of the BanV of Jordan, - 
. 1, said: “The interest-rate system 

" means that banks CamiOt distin- 
guish between top-quality borrow- 
ers and high-risk borrowers.? He 
lidded that' be would like to see a 
■ ^ladcening of interest rates. - ■- .. 

. 'J. ll 'Mp^ammad ^ IheV 

*•» ."?r3 


• v.<- 

l\tf ori 


•v ; , 

* •<* . 

Headquarters of the Arab Bank in Amman. 


53 years of experience and progress 
in the Tobacco and Cigarette Industry 
in the Middle East. 


P.O.Box 59' 

Td. 77112 (5 lines) Tdex 21204 RADARJO. 
Cable Address: RADAR -r AMMAN 
Phiiadd phia. Top Twenty, Gold Star; Reem 

govtznor of the Central Bank of 
Jordan, is . not unsympathetic to 
this view: Tn principle, we would 
like to see interest' rates deregula- 
ted.. -Jbra:- the evidence is that it 
would lead' to interest rates spiral- 
ing upvrapi’*.; 

Soxhe bankers also complain 
about a BqukSty squeeze that is 
stramfiigitlKir Tending ability. This 
comes at a time when many banks 
havejeached their kmdmg omits of 
70 percaai of total deposits. 

The straeeza has been caused by 

Despite Drop in Reserves, 
Economy Keeps Its Balance 

(Continued From Page 7) 
tionalizmg hairdressers in response 

wtfTmapey supply growing by 
, - only 1 percent in 1984. Bankers say 
- diat. Gourd .Bank rules forcing 
: banks to tie up a. proportion of 
: their capital arid- deposits in local 
shares (Mi tbe AimBan stock market 
and in Treasury .bills has cont 
' poundafthe proHcm. 

ButMr. Nabblst smd: "The word 
liquidity has. been abused in Jor- 
dan/.. Jl is used by many banks 
snwrfy as an deense for not lend- 
ing/* •. 

“.. He added^ that jrdanng the mcn- 
ey supply. w£nld sttikeimlatioin and 
that' 3anks can refinance bonds 
with the Central Bank to ease any 

. The result of the liquidity 
squeeze and the tight leading mar- 
gins has been a fall in leading to the 
constructkm and transport sectors, 
particularly to small private-sector 
bCffTowers. His has bren accompa- 
medby an incrwwtng ea mhasis cm 
the safety of staic-ownira corpora- 
tions, sovereign . lending gov- 
ernment-guaranteed loans. Gov- 
■ eeament debt is also tax exempt, 
-which makes it more attractive. 

Foreign banks have bad their 
problems exacerbated by uncer- 
tainty about regulations affecting 
-them. One of the first moves of the 
new government in mid-April was 
to scrap the policy erf indigenous 
banking. This had obliged interna- 
tional h anks in Jordan to become 
5 1-percent Jordanian-owned. 

Chase Manhattan’s local manag- 
er, Steve Crytser, said he was “ab- 
solutely delighted’’ that the indi- 
genizatio/ danse had been lifted. 
The six other international banks 
— Grixtdlays. Citibank, the British 
Bank of the Middle East, Bank of 
Credit and Commerce Internation- 
al, Rafidam Bank and B«nk al- 
Mashrek — also wdcomed toe 
move. . 

! But the foaieign bante now fear 
that they could fail afoul of another 

Customer service at the Jordan Investment Bank. 

Central Bank regulation that re- 
quires all local banks to raise their 
capital to the equivalent of at least 
$13 miHion. The rule did not origj- 
nally apply to in ternati onal hanks 
because the intogenuarion clause 
would have taken their capital over 
the minimum capital requirement. 

Now that the danse has been 
revoked, toe foreign banks, capital- 
ized at 3 million dinars, ate beneath 
the requirement T see no reason 
that there should be any discriim- 
nation between foreign and local 
banks,” Mr. Nabnha said. 

“It is unnecessary for foreign 
banks to have any capital outside 
their countiy of incorporation, let 
alone to have to increase it" one 

international banker in Amman 
said. “The only logic of increasing 
our capital is to boost the lending 
potential. . .but many international 
banks in Jordan are under-lent,” 
another banker said 

In a bid to restore growth, for- 
eign ftn/t local banks appear to be 
adopting different tactics. The 
Jordanian banks will concentrate 
an their better clients often at toe 
expense of hi g her-risk , srnaner cli- 
ents,” one local banker said. And a 
foreign banka noted that foreign 
banks will play to their strengths by 
b uilding on their international net- 

The Central Bank has fell for 
s om e time that Jordan may be 

overbanked. Mr. Nabulsi said that 
he favors mergers and that two 
banks are holding merger talks. 
The Central Bank is encouraging 
toe developing of investment bank- 
ing institutions. Six merchant 
banks have sprung up since 1982 
and they are expected to start mak- 
ing a significant impact in toe next 
few years. 

But a sustained recovery in the 
banking sector depends on the 
turnaround of toe Jordanian econ- 
omy, and many bankers are con- 
vinced that Mr. Rifai could do the 
trick. He is committed to encourag- 1 
ing private enterprise, and there is 
an air of optimism in the business 

to a complaint in the local press by 
a government employee about his 
wife’s hairdressing bills. 

A sharp, decisive break was 
needed. In recalling forma Prime 
Minister Zaid Rifai. a staunch ad- 
vocate of the private sector, King 
Hussein signaled a change of Lack! 

The new administration intends 
to exploit the breathing space pro- 
vided by the country’s good credit 
by bringing toe private sector back 
into the center of wealth- genera l 
ing. relying implicitly on it to re 
generate the economy and limiting 
its own role to providing the right 
environment in which the private 
sector can marshall its skills, re- 
sources and capital. 

The private sector's initial re- 
sponse to the new government has 
been positive and enthusiastic. 
Even when the drain on reserves 
was most acute there was little flow 
of capital out of Jordan. Now. toe 
stock exchange seems posed for a 
slow, sustained recovery judging by 
the way daily trading volumes have 
been picking up. 

The new trade, supply and in- 
dustry minister, Rajai Muasfaer. 
wants toe private sectors to take 
over the public sector eventually. 
But it is felt that he win have to 
tread warily initially, keeping con- 
fidence buoyant by making 
changes where changes can be 
quickly made, without compromis- 
ing his options in developing a 
long-term strategy. 

The process of consultation with 
the private sector is well estab- 

lished. The new economic team has 
met with all the main bodies repre- 
senting the private sector, and the 
first moves to sweep back the pub- 
lic sector have been made. The En- 
couragement Of Invest mail Law is 
to be refined and modified, offer- 
ing even more inducements to in- 
vestors. The state-run agricultural 
marketing company is to lose its 
franchise, enabling' farmers to sell 
their produce independently, and 
the Minisuy of Supply has lost its 
monopoly to sell apples. 

The indigeoization clause stipu- 


51 -percent Jordanian-owned has 
been lifted, days after the Central 
Bank’s governor, Mohammed Said 
Nabulsi, who instigated the pro- 
gram, left toe counuy for medical 
treatment. Mr. Nabulsi’s 12-year 
tenure as governor has helped the 
Central Bank to become a major 
force in financial policy-making — 
too strong for his critics wbo feel 
that by appropriating the functions 
of the Finance Ministry the Central 
Bank has contributed to the contra- 
dictions and indecision in fiscal 
and monetary policy-making. 

Mr. Nabulsi's stewardship has 
guided the remarkable growth of 
preferential credit treatment for 
the public sector, a preference the 
private sector is pressing hard to 
have redressed, and he has been 
criticized for making toe recession 
worse by his dogged adherence to 
tough monetary targets. Although 
toe growth in current expenditure 
has been kept to a creditable 2 
percent a year, toe government has 
only managed io keep the budget 

more or less in balance by cutting 
capital expenditure by 5 percent a 
year ova toe past dure years. The 
1981-85 five-year plan is.' therefore, 
likely to be 30 percent underspent 
Growth rates have halved from S 
percent since the beginning of the 
decade and the preliminary esti- 
mate for 1984 is 3 j percent. 

Four percent is probably the 
most that the economy can manage 
with even, balanced growth over 
toe next five years. Analysis will be 
watching to see whether the new 
government lowers its sights to 

V- IV. - 

formulating the 1986-90 five-year 
plan. M 

They also will be looking to 
how far the new, upgraded Minis- 
try of Planning will be able to iffis 
pleroent an integrated plan. Inej£ 
fective planning is bi amed f £ 
many of the shortcomings of toe 
current five-year plan and for in ef- 
ficient use of resources. 

But they face a dilemma in fail- 
ing growth rates. The population is 
increasing at 3.5 to 5 percent a year, 
and the demand for jobs is growing 
at 6 percent. The World Bank esti- 
mates that Jordan will be able id 
find jobs for less than half the peo- 
ple coming on toe job market evtftt 
if the economy grows 5 percent a 
year. ' < 

There is some absorptive capaci- 
ty if Jordanians were prepared to 
take jobs currently done by expatri- 
ates. There are from 110,000 to 
120.000 Egyptians working in Jor- 
dan alone. Tne authorities are tack; 
ling toe problem by introducing a 
(Continued on Next Page) 


We have never claimed to be 
the only perfect airline ! 

Many others also have the most up to date 
aircraft, fast check-in facilities, a wide 
route network and superb on-board service 

but did you know... 

Based in Jordan the gateway to the Middle 
East, Alia covers a vast network connecting 
four continents, with Amman being one of the 
largest centres of influential business in the 
Arab World. 

AJia’s engineering department has the most 
up to date servicing equipment housed in 

a design award winning 3 bay maintenance 
hanger capable of accommodating up to 7 

Staff there are required to attend courses 
to ensure the highest degree of training 
in latest aircraft technology. 

Our fully equipped catering section is 

capable of producing 12,000 meals daily 
with a step up potential to 20,000. Catering 
for the various airlines using Queen Alia 
International Airport, our food is prepared 
in the most hygienic conditions, and is of 
the highest possible quality. 

Alia, more than just an Airline 


Alia: The Royal Jordanian Airline 

Page 10 


l II II 


Petra Bank 





1801 K STREET NW. SUITE 201. WASHINGTON, 20006-1301 




ill* » 

b* ’ ' 



A government boosing project under construction surrounds a tent at Abu Nusair 

Peace Initiatiye Depends Upon U.S. Acceptance 

By Scott MacLeod 

By Score MacLeod 

LONDON — In the past six months King “The Palestinian moderates will be weakened, Palestinians have come to playanungoram 
Hussein and Yasser Arafai, chairm a n of the ^ ^ hardliners straightened." . role in Joidaman polmcs and 

Palestinian Liberation Organization, have Supporting this view, a PLO official said: the present Cabinet are P^stuu^toai^Mi 
forged their closest political alliance with the «We ^ wai ting for King Hussein to meet with including the foreign muuster, i - any 

aim of starting peace negotiations with Israel, pj^jdent Reagan. [The talks are scheduled for P a l estini an s are greatly inwHyefl mong neas anq 

joruamao anu ruu uiuunu uwists uiv joraan mwiw a Dicasouwu ui m uunwim.. -- — . _ . a 

ance is very delicaie, however, and could break with the PLO could have dangerous const- loyalty to King Hussein lor tnestapmq ana 
apart if their “olive branch" does not get a quences. King Hussein feds the Palestinian is- rdatwe prosperity he has brought to tbfrcoOF 

positive response from Israel or from the Unit- sue is Jordans biggest problem — and a bigger try. . ; A _ ' 

ed States, Israel's main backer and a traditional problem for Jordan than any other Arab state — Previously rocky relations between toe roan- 
broker in the Arab-Isradi dispute. considering how die affairs of Jordanians and archy and tiro guerrilla organizations ^Whail 

The expression of the alliance is the agree- Palestinians are intertwined. Thus. King Hus- underscore the fragility of the present mssenu 
ment signed on February 1 1 by King Hussein ^ has emphasized that a Jordanian- Paiestm- Arafat alliance —were rooted ra fastened raw- 
and Mr. Arafal_ It says that they have chosen to jan alliance may be essential for successful Mid- sions between Jordan and Palestine as^di as* 
“move together toward achievement or a peace- die East peace negotiations. opposing ideas on how to deal with IsucL 

ful and just settlement of the Middle East cri~ g ul sunplistically, Jordan’s "Palestinian King Abdullah was assassi n a t ed m lySl by a 
sis." Among the objectives of the prospective problem" is the West Bank, the Biblical land, suspected Palestinian nationalist tta 8™*“ 
joint Jordan-Palesiinian negotiation team is an w bi c h has great strategic significance today. Hussein, then 15 years old, was at his side and 
exchange: the “total [Israelii withdrawal from ^^zeA it from Jordan 18 years ago. but narrowly escaped the gun attack. : 
the territories occupied in 1967 for a comprc- ^n y Palestinians demand the establishment of The growth of a revolutionary Pakstimsn 
hensive peace as established in United Nations ^ independent state there. liberation movement in the 1950s and 1960 s 

and Security Council resolutions." The West Bank, consistina of about 2,000 posed a threat to some Arab regimes, fadoffini 

tance of the key Resolution 242, which calls on ]snd pmpa md Jordan. Until its Palestinian militancy was faded by the farm* 

the Arabs to give Israel peaoein return for Arab futurc * pcaccfdly^csdved, Jordan docs not non of the PLO in 1964and thenlaaeTsbra^ 

1 it can rest easily 

lands captured in the 1967 war. 

They have asked the United States to reward 

the PLO — through such gestures as ending the 

,i£JAjri.MJSLSV tss^rsisslssffist 

fed it can rest easily. 

Palestinian Arabs be 
grating with tiro largely 

substantially into- haiv/il, 
louin population of **“• u 

terrorist attacks by hitting its Arab nriahbon; 
Palestinian militancy was faded by tiro lanha- 
tion of the PLO in 1964 and then Isnrfs hum®* 
ating defeat of the Arab states in tiro 1967 war. 
Inl970, tiro PLO tried to overthrow King Hro- 

miff i 

prating wild me laraay ocuouw pupuuuiuu ui ..... M - 

Jordan following the 1948 war in Palestine. The Hade September* enss started when 
After Isradwcnmdcpendence as a Jewish state, one of the most radical guerrilla factions, the, 
Jordan's King Abdullah absorbed tiro uncap- S&J&SSSB 

nuKiiuai«™w“"“— ~ . TnryTnn'c ICinn Ahrinllsh nhsorned me unca p- ropuiar r-iurn iwi uimouui ,w- < wuiuh . 

cism or tiro Febi^ 1 1 a^e^L ^ p^t uired territory in Palestine into his own realm] hijacked three passenger driiners ahd flew them 
out that senior PLO offices havroffered differ- .cL induded land only on the Fast to the Jordanian desert Ostensibly the purpose 

ing interpretations, and thatit still falls short of jStaKw ^ to hold tiro passengera hostage untSPakSr 

thdr demands for the PLO to unequivocally <* imians woe ftoSftnSlsraSj^ Bm h be, 
acknowledge IsraeTs existence and renounce As many as 60 percent of Joraan s 2J milhon the Popular Front wished to pro: 

terrorism. _ . . r auzens we of voke a crisis with which to destabiliztMbe 

“If it becomes the conviction of the Palestra- tiro people of tiro West Bank who despite the Jordanian 

ians that there is no possibility of progress at all, 5J2!? S King Hnsscin ordered his tough bedouin 

.hmi mu..- Hdmlp fliprp ic nn rntt/w tn naccnnrtc Thnr ore 750.1M] MODlC tCSldlllSI HI ... - 

then they may decide there is "no "reason to passports. There are 750,000 people residing in 
continue working with us in expiating different Jordan who arc registered as refugees from 

(Contfaned oo Page 13) 

U.S. Shifting Its Role in BidforPeaee in Region 

(Contained From Page 7) 
that war and the diplomatic after- 
math, a war that was catastrophic 
for Jordan. 

The June 1967 war began in a 
wave of Arab nationalist fervor, led 
by President Gamal Abdel Nasser 
of Egypt, who seized the world’s 
attention in April and May of that 
year by expelling United Nations 
forces from the Sinai, where they 
had served as a buffer with Israel, 
and dosing down Israeli access to 
the port of Eilat 

It is still debated by historians 
whether Mr. Nasser, who was 
gpaded into action by the Soviet 
Union and Syrians, knew wfial a 
risky course be was embarking 
upon. The Israelis struck suddenly 
in response to these provocations 
and in six days captured the entire 
Sinai and the Egyptian-controlled 
Gaza Strip, as well as the Syrian 
Golan Heights. King Hussein, feel- 
ing he could not stay out of the war, 
disregarded Israel’s warnings and 
entered the fray. The result was the 
loss not only of the West Bank of 
the Jordan (which Jordan had oc- 
cupied since the United Nations 
partition plan of 1948) bnt also the 
end to Arab control of East Jerusa- 
lem. The Israelis quickly incorpo- 
rated the Old Cry into the Israeli 
part of Jerusalem. 

In the aftermath of that war, 
Washington took the lead in work- 
ing out a diplomatic formula once 
and for all ending tire cycles of war 
in the Middle East. Tiro ultimate 
result was United Nations Security 
Council Resolution 242 of Novem- 
ber 1967 that in effect called on 
Israel to rcLurn the lands h had just 
occupied in return for secure and 
recognized borders. King Hussein, 
who had been h umilia ted by his 
loss of East Jerusalem in particular, 
seized on Resolution 242 as the way 
to recover his lands. 

But despite tiro readiness of some 
Israeli leaders and of King Hussein 
to n egotiate on the basis of 242's 
formula of “land for peace," tiro 
other Arabs rejected negotiations. 
And tiro Israelis woe never willing 
to give up East Jerusalem and they 
were ambiguous about the return 
of the West Bank. The result was 
long years of siop-and-start diplo- 
matic efforts, usually pushed by the 

United States. Not until Anwar % 
dat became Egypt's president did 
an Arab leader come forth to nego- 

ing to revive the peace process in 
1982, proposed a plan based on 
Resolution 242 ana C amp David, 
which to meet King Hussein's spe- 
cial needs, called for new negotia- 
tions, leading to autonomy for the 
L3 rmffion Palestinians in the West 
Bank and negotiations leading to 
an association between the West 
Bank and Jordan. King Hnsscin 
solidly endorsed such a plan, but 
die PLO, committed for so many 
years to the concept of an indepen- 
dent state and wary of Jordan after 
the bitter fi ghting of 1970 that led 
to the eiyulsonw Palestinian mili- 
tary units from Jordan, did not 
agree to the plan. 

The United States, embittered 
by the developments in Lebanon 
that led to a collapse of American 
diplomatic efforts, had, in effect, 
put tiro Middle East aside when 
King Hussein in late 1984 began 


state its agreement iq 

In addition, the Jordanians pro; 
posed as a goodwill gesture dial 
Washington receive this joint dd£ 

trying to renew interest u peace 
talks. He allowed the Palestine Nar 
tional Council, the par liament for 
the PLO, to meet in Amman, and 
on February 11, 1985, he and Mr. 
Arafat signed an agreement calling 
for negotiations in an international 
format on “land for peace." The 
Jordanians and Palestinians would 
be in one delegation, and they 
would agree to accept all Security 
Council resolutions, but did not 

gallon. Washington had problems 
with the formula but was otherwise 
encouraged by the initiative takep 
by the Jordanians. The American 
concerns were Arose: The US. has a. 
kmg-s tanding pledge to Israel 
to negotiate or even deal with this 
PLO until that group exptirilly rec- 
ognized Israel and accepted Reso-; 
lotion 242 and a follow-up one, .338 
of 1973. Secondly, Washmgjpn did 
not like the idea of an international 
(Continued on Page 14) -: ^ 

tiara by him<pjf with IsradL As a 
result, he recovered the S i m u for 
Egypt in return for peace as the 
result rtf the Camp David aooords 
of 1978. . 

The Reagan administration, tty* 

Economy Keeps 
Balance Despile 
Drop in Reserve^ 

(Continued From Previous Fageft -1 
pre-secondary school examinstido 
that rigorously screens pupils ac- 
cording to vocational and.profes- 
sioiial demands. 

The government, meanwhile, 
aims to place as much of the invest- 
ment burden as possible on the 
private sector, which is boom asked 
to provide half of the industrial 
investment in the new five-year 
plan. Self-sufficiency in agriculture . 
is being encouraged too — Jordan 
imports 60 percent of food — as are 
inauscries tnai use indigenous raw 
mat e ri als instead of imports. ' . 

On the diplomatic front the gov- 
ernment is likely to press Saudi 
Arabia to delay settlement of its tfl 
bill — Jordan buys all thedil nm 
acquired from Iraq from Samp 
Arabia at OPEC prices zmd the or 
bilJ was S606 million fas t year — . 
and reinstate its commitment to 
underwrite aid contributions from 
the Emirates and Qatar. Oil finds 
on the Iraq-Saudi-Jordaman bor- 
der are bong played down foe fear 
they might jeopardize aid pay- 
ments. The prospecting, being un- 
dertaken by Romania, is m a geo- 
logically difficult area, tfase 
investment is smalt- and' tffe -teffi- . 
nology dated. - - 

In the absence of a compftiheii- 
rive Middle East peace, Jordan w 
little choice but to . continue itur 

tions and shouldering tiro burden 
of a 100, 000-member standing 
army, w hich takes up more titan 5p 
percent er gov ernmen t rev en ues. 


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Page 11 



Tourism Industry 
Begins to Expand 
With Longer Season 


AMMAN — Traditionally, Jor- 
dan’s tourist season begins to wind 
down soon after Easier, but the 
Alia, Royal Jordanian Airlines, 
Boeing 747, on its way to Amman a 

French and English tours. 

The longer season and the wider 
mu of activities — other than the 
conventional visits to Petra, Jerash 
and the crusader castles — now 
offered is a sign of the growing 
confidence and hori- 

zons or Jordan's tourist industry. 

The changes have, to some ex- 
tent, been dictated by necessity. 
-^Tourism, like other sectors of Jor- 
dan’s economy, is highly vulnera- 
ble to external circumstances and 
shifting market patterns. 

Amman's hotel industry, in par- 
ticular. has been hit by the econom- 
ic slump of the last two years. 
Many hotels in operation are facing 
an uphill struggle to break even 
while a few that were due to come 
on stream have been mothballed or 
their completion has been delayed. 

However, the disappointing 
tourism revenue figures, which 
. show a drop of 12 million dinars 
V&30-36 million) to 172-3 million 
dinars in 1984 and a continuing 
decline as a percentage of gross 
national product from 13-1 5 per- 
cent before 1981 to a current 10 
percent, paint a deceptive picture 
for they include revenue collected 
from an nonresident sources. 

Arab nationals made up nearly 
80 percent of the 1-59 million for- 
eigners that entered Jordan in 1984. 
Of these. Syrians accounted for al- 
most a quarter and Egyptians one- 

A fall of more than 10 percent in 
the number of Egyptians transit ' 
Jordan to work in Iraq or the 
, and visiting Syrians accounted for 
’Imost of the 8-percent drop in arriv- 
als in 1984. 

. Business travel, which has a di- 
rect bearing on tourist facilities 
such as hotels, also was sharply 
down. There also was a decline in 
tourist business from North Ameri- 
ca, but this was offset by a rise in 
European business, especially 
package tours, which are the core 
of trade with Europe. 

How to find new business and 
achieve a better utilization of exist- 
ing resources is the authorities' 
main preoccupation and has fo- 
cused attention on the need for 
greater coordination between the 

the archaeological sites and antiq- 
uities, Amman as a business center 
and a gateway to the Middle East, 
Aqaba as a winter and increasingly 
year-round resort 

A program of resthouse con- 
struction has been instigated and a 
company setup to develop the min- 
eral hot springs at Zarqa Ma’in. 

In addition, the government has 
allocated funds for the develop- 
ments Wadi Rum, the desen val- 
ley immortalized by T.E. Lawrence 
in “Seven Pfllais of Wisdom," by 
comzmsshximg the University of 
Florence to study rock inscriptions 
and hiring « mountaineering group 
to devise a rock climbing program. 

The Tourism Authority has been 
promoting two-stop holidays tak- 
ing advantage of Jordan’s strategic 
position in relation to other regions 
and tourist centers. Two-stop tours 
have been arranged with Syria, the 
. Holy Land, Egypt and even (he two 

The recent opening of the 
Nuwefba-Agaba ferry expands the 
whole of Sinai for Aqaba-based 
tourism, narticulariy the superb 
scuba diving off Ras Mohammed 
and the monastery of Sl Catherine. 
However, it is not yet dear whether 
the ferry, whtehwill cater princi- 
pally to Egyptian expatriates re- 
turning home overiand, will have 
sufficient facilities to attract tourist 
traffic on the three-hour crossing. 

Aqaba still needs considerably 
more investment if it is to become 
fully competitive with nearby Eilat, 
in Israel, which has been an out- 
standing success as a beach reson. 
The mam handicap is price. Pack- 
age toms to Elat cost a fraction of 
thus tours to Aqaba mainly because 
foreign tour operators can fly di- 
rectly to the Israeli resort, whereas 
all incoming air traffic to Jordan 
has to pass through Amman. 

The state airline, Alia, is ac- 
knowledged to have done a good 
job in promoting Jordanian tour- 
ism. but its interests and those of 
the industry often are in (fired con- 
flict. as the airline does not Oy to 
tourist areas. 

The 1986-90 five-year plan, 
which is bong drawn up, mil put 
greater emphasis on marketing, 
says the Tourism Authority’s mar- 
keting director, Ahmed al-Bahri. 

It is an emphasis that Munir 
Nassar of Intercontinental Traders 
Travel Co. welcomes. In his view, a 
good start has been made over the 
last three or four years to coordi- 
natemarketing between the minis- 

The gold market in Amman. 

M lycra 

Ail Amman sbopowner and his wares. 

Zarqa Ma’in Hot Springs Resort Needs New Head of Steam 

ZARQA MA’IN — In the cavernous skeleton of the 
main bnttd, a Sandi tourist was enjoying a picnic with 
his family, his Range Rover parked in the lobby and 
the detritus of his meal strewn ova- crates of sophisti- 
cated equipment waiting to be installed. It was the 
only sign of activity at Zarqa Ma’in, an arid rally 
reached by a tortuous 15-kilometer (9.2-mile) drive 
through the foothills of the Dead Sea, whan the 
Middle East’s first full-fledged thermal spa is being 

Zarqa Ma'in has been renowned for its hot springs 
since Biblical times. King Herod is reputed to have 
bathed there and today, tribesmen come from hun- 
dreds of kilometers around to avail themselves of its 
curative powers. 

It was to profit from this regional popularity that 
the Jordanian government decided five years ago to 
develop the springs as a resort. It planned a general 
recreational area with picnic grounds, ramping site, 
sw imming pool, thermal baths and holiday chalets, 
and a 142-room hotel with its own sports ana medical 
facilities to cater to a wealthier clientele. 

A government-controlled company, the Jordan 
Tourism and Spa Complex Co, was set up in 1980 
with a capital of US million dinars ($6 3 million) to 
finance the project and the Industrial Development 
Bank provided 3 milli on dinars in loans. Soon after, A1 
Habtour Contracting Co. of Dubai was appointed 
general contractor. 

Work on the project was under way when the 
managemen t contract was awarded in December 1 982 
to a local company, Nabih Nazzal and Sans, in con- 
junction with the Belgian fast-food group, Restobd, 
which set up a joint venture. Middle East Tourism 
Services and Management Co. (Metma). They brought 
in SpabeL thermal baths specialists, as technical assis- 
tants, and the Belgian connection was further 
stren gthened by the award of the contract for the 
fixtures and fittings to SRZ International on the back 
of a practised 2-miHion dinar Belgian government 

It was clear from the outset that the project was 
undercapitalized, but work continued until mid- 1982, 
by which time the main contractor was owed nearly 

700,000 dinars. Then the Jordanian authorities refused 
to renew the work permits of the 150 Indian and 
Pakistani laborers and the project began grinding to a 
halL However, it was the flash floods of last October 
that provided the coup de grace, leaving a trail of 
destruction and a bill for damages estimated at be- 
tween 500,000 dinar s and I milli on dinars. 

With the project inadequately insured, it has still to 
be determined who is responsible for paying the bid A 
further 300,000 dinar s will have to be found for flood- 
protection measures. 

There matters rest, the springs continuing to work 
their spell mi visiting Saudis and Kuwaitis, who seem 
indifferent to the devastation. 

Daniel Philipp art, the general manager of Metma, 
believes the project is so far advanced that the govern- 
ment cannot afford to write off the 5.5 milli on dinars 
already spent. He thinks Metma’s recommendation to 
double the capital to 5 million dinars, with the in- 
creased leverage this would provide to raise credit, 
plus the 2 millio n dinar s the Belgian government has 

agreed to supply, should be sufficient to cover the 12 
million dinars the project now is expected to cost. 

Mr. Philippart has nailed down a contract with the 
Munich-basal health-tour^ group. Med Tours, which 
will guarantee the project's viability. Med Tours has 
signal an undertaking to book 5b rooms year-round 
and would like to take 100. It is even prepared to 
invest 1 million Deutsche marks in a small treatment 
facility on the Dead Sea. a project that is pan of 
Metma's development plans. 

The combination of the Dead Sea's topography. 300 
meters (984 feet) below' sea level, and the springs' 
minerals produces a unique cure for psoriasis, a ner- 
vous skin complaint common in developed societies. 
The significance of the German deal is that it is to be 
financed by the state medical service. Mr. Philippart 
believes this could be mode the precedent for other 
European countries. 

If the money can be found. Mr. Philippart said, the 
project could be finished in time for an opening next 
spring, a year behind schedule. 


Aqaba Expands as Resort 
And Hub of Shipping, Trade 

is gradually catching up with sup- 
iding they don’t stan 

•#* in Ih'nioi i 

private and public sector. 

^ ; v Part of the industry's problems IMHtnVklM^ WWMIVW M*V W*MM W 
<stera historically from the loss. of try and travel agents. But be thinks 
identity that followed Israel's sea- that the ministry should take a 
zureof the West Bank in 1967. The much more assertive role in mar- 
• loss of the lucrative, undemanding keting. 

Holy Land tourist trade hurt the The first priority is gettmg higher 
private sector and left the govern- occupancy rates in Jordan's 12,000 
mem to shoulder most of the bur- hotel roams. Mr. Nassar said that 
den of development in the 1970s he thinks that demand in Amman 

It is not surprising, therefore, 

_ that the state has assumed a domi- 
nant role in the industry — so 
much so that even in Amman and 
Aqaba, where private sector invest- 
ment has been confined, the state 
has played a leading part in financ- 
ing and developing big holds. 

The private sector has contribut- 
ed about half of the 200 million 
dinars put into the tourist industry 
since 1973. but mainly in peripher- 
al activities. 

Since 1980, the Tourism Author- 
ity has been developing a market- 
ing strategy to give the tourism in- 
tty a clearer profile. Distinct 
of tourism have been defined: 

ply and, “providing i 
another 300-400 room hotel,*' 
things should start looking up in 

The statistics bear him out Ho- 
tel bookings are running 20 percent 
ahead of this tune last year, and 
tourism is consequently expected 
to bring in 190 million to 200 mil- 
lion dinars in the current year. Bui 
it is a measure of the competitive- 
ness of the international tourist 
market and how vulnerable Jor- 
dan’s position is that this is about 
one-third less than the 280 million 
dinars in revenues envisaged for 
1985 in the 1981-85 five-year plan. 


(Continued From Page 7) 
Nowar, acknowledges that he has 
no easy task bat is optimistic that 
encouraging the private sector to 
invest in the city’s development, by 
extending financial incentives ana 
pubticservices, will in the long run 
insure the success of projects. A 
plan to gram free-zone status to the 
whole aty is pending but amend- 
ments to facilitate import proce- 
dures and to encourage trade are 
on the way and are expected to 
attract business and industry to 

Attention also is being given to 
the post area, which is gradually 
becoming more organized. Hur- 
riedly erected warehouses and tem- 
porary fixtures such as floating 
baths — bought to deal with the 
surge in Lranal trade to Iraq as a 
result of the Gulf War — are being 
replaced with new, permanent fa- 
cilities to cope with changing 
trends and increasing trade activi- 

Although Iran curtailed imports 
as money supplies dropped, the leg- 
acy of the Iran- Iraq war has contin- 
ued to shift trade from the Strait of 
Hormuz to the Red Sea; cargo han- 

dled at Aqaba has been steadily 
rising from 60,000 tons in 19S3 to 
more than 12 million tons in 1984, 
with total transit handling increas- 
ing from 163,268 tons in 1979 to 
3.48 milli on tons in 1983. 

Container traffic through the 
prat has risen dramatically, grow- 
ing from fewer than 3,000 units in 
1976 to more than 120,000 in 1984. 
A $6Q-tniDion container port with 
roU-on-roll-off berths, straddle car- 
riers and gantry cranes went into 
operation m November 1984 and 
race the main container storage 
building is completed this year, 
Aqaba will be fully equipped to 
handle giant, third-generation con- 
tainer vessels, which are the future 
of global shipping 

New developments are under 
way to improve facilities for Jordan 
and the port’s biggest export item, 
raw phosphate rock. Increasing 
production from the kingdom’s 
three mines in the center of the 
country, coupled with a formula to 
partly pay suppliers and contrac- 
tors with phosphates, have resulted 
in growing phosphate exports — 
rising at an average of 7 percent a 
(Continued on Next Page) 

The rains at the ancient Roman city of Jerash. 

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Barter Deals Give Industry Hopes for More Profits 

AMMAN — Industry, like most 
sectors of the Jordanian economy, 
is fading the effects of the reces- 
sion. and it also is reaping the 
whirlwind of badplannnig over the 
past five years. This is particularly 
the case in the larger state-con- 
trolled companies where produc- 
tion pin-™ have been allowed to 
fj irTflte the level of investment 
A wood-manufacturing plant, 
for instance, buflt three years ago 
never had the chance of making a 
profit against Eastern European 
dumping, while cement production 
has been increased well belaid the 
country's needs and the region’s 
capacity to absorb. Goods and 
commodities have been produced 
for export markets that have not 
materialized, forcing the govern- 
ment into barter deals — principal- 

ly with Egypt and Iraq — to 
surplus production. 

surptns production. 

But baiter trade can be but a 

temporary expedient for a country 
like Jordan that can survive only by 

remaining internationally competi- 
tive. At best, it offers a breathing 
space for restructuring and nation- 
alization. The therefore, 

is on marketing — across the indus- 
trial spectrum — and on raising 
productivity and quality so that 
Jordan’s products will be able to 
hold their own — if not in Europe- 
an market* — at least in the in- 
creasingly competitive regional 

Government help for industry 
through industrial estates and free 
yy gg and especially the Encour- 
agement of Industry Law, winch 
offers regionally graded tax holi- 
days and other concessions, is gen- 
erous. Now, the government aims 
to boost industrial exportsbv im- 
proving overseas commercial rep- 
resentation and is considering in- 
troducing export incentives. 

Jordan has a fairly long history 

Phosphate Profile 

(In thousand!) of metric tons) 

1984 1983 % chuaf 

6,236 4.748 +32 


1984 1983 ft cfang 

4,695 3.688 +27 

Domestic sales 

1984 1983 % cfcaiq 

975 631 +55 

Source MEED/ Fertecon, London. 

of industrial development by re- 
gional standards. The Jordan Ce- 
ment Co. was foundedin 1950 and 
the Zaiqa dl refinery was built six 
years later. The government has 
tended to the htevy and 

attractive industries hire phosphate 

mining — Jordan is the tiard-iarg- 
est phosphate exporter in the world 
after Morocco and the United 
States — but, with the heavy pro- 
motion of the public sector in the 
past six years, state involvement in 
industry has gone much deeper. 

It was inevitable; given die laras 1 
capital resources required by m- 
dustrymihe 1970s, that the private 
sector should take a back seal to 
the government and the state fcsti- 
tutions fits the Pension Fund, the 
Social Security Cotp. and the In- 
dustrial Development Bank in ex- 
tending credit to industry. It was a 
short step from there to giving pref- 
erential loans and lands to the 
public sector. 

This discrimination ynwt the 
private sector only lot Home in 

1 983 when markets contracted, and 
it certainly contributed to its lade 
of confidence. Measured by Indus- 
trial Development Bank disburse- 
ments, industrial investment in 

1984 fell to the lowest level since 

The initial response of die pri- 
vate sector to the new government 
has been extremely positive. The 
new minister of supply, trade and 
industry, Rajai Muasher, has de- 
clared that he intends to get the 

government off the bad: of the pri- 
vate sector. If he sticks to his goals, 
two institutions, the Pension Fund 
and the Chamber of Industry, are 
fikdy to assume increasing impor- 
tance in industrial development 

The Pension Fund already is ne- 
gotiating to take over the Ministry 
of Industry’s 1 DO- million-dinar 
(S253-million)portfolio, which 
would raise its combined assets to 
141 million dinars and malm it de 

facto the government investment 
arm of industry. The Soda! Securi- 
ty Corp.’s total assets arc 85 million 
dinars and the Development 
Bank’s outstanding loans and 
equity amount to 29 ntiDion dinars. 

The Pension Fund is working 
with the Development Bank on 
wood, glass and carton-paper pro- 
jects . It also has a number of other 
projects under study, including a 
pumps plant and a small-scale 
automobile tire factory. In both 
cases feasibility will depend on 
suitable technology and sufficient 
domestic demand to sustain the 
bulk of production. A sound do- 
mestic market base is a major crite- 
rion of investment viability. 

The fund also has asked the 

Aqaba Expands as Resort 
And Hub of Shipping, Trade 

(Continued From Previous Page) 

year. Initial studies at the Shidiyah 
site in southern Jordan indicate 
that phosphate exports could rise 
to about nine million annually 
by 1990 once the mine is opened. 

In anticipation of increasing ex- 
ports, the Ports Corporation re- 
cently signed a contract for a new 
phosphate loading facility. Phos- 
phate Berth C, with a capacity to 
handle 1,000 tons per hour. The 
project, expected to be completed 
by November of this year, will raise 
the phosphate export capacity erf 
the port by from 1 million to 1.5 

mifhrtn tons. 

Although Jordan has been re- 

due to an ingeating trade ngfirff 
imports of base commodities have 
been rising. In February 1985 the 
West Ge rman company Zeppdin 
won a contract to Wld a wharf 
smith of the main port area to be 
used for importing and exporting 
col products, chemicals and vegeta- 
ble ofl. The 3-nriffion- dinar project, 
expected to be completed by Au- 
gust 1985, will enable large and 
medium vessels of 50,000 to 30,000 
tons to dock ax the harbor. 

Grain shipments are big business 
for Aqaba at present as Doth Iraq 
and Jordan's grain prodnetion is 
down due to the war and winter 
drought respectively. Iraq — 
helped by U.5. government credits 
— win import a total of six mflHou 
tans of grain in 1985, 3.5 million 
tons of winch will be hummed 

through Aqaba. A sp ecialized 
floating balk terminal raw hold 

400,000 tons of grain and is capable 
of loading 300 trucks at a time. 
Grain handling thro ugh the port 
this year is expected to earn Jordan 
$14 ntilKon in port (hies and a fur- 
ther $100 million from trucking 
i fees. 

A $20, 75-million contract for the 
construction of a terminal to han- 
dle exports of Iraq crude oil has 
been awarded to an in terna tional 
company and is scheduled to Stan 
operations by August If a pro- 
posed $1 -billion pipeline from Iraq 
to Aqaba ever materializes it wm 
link with the te rminal and crude 
will be discharged directly into 
docked tankers. 

However, problems r emain in 
Aqaba’s rapid port development — 
the organization of trudes for over- 
land transport and road/rail trans- 
portation fatalities. Long delays 
while appropriate Ionics are found 
to transport cargos offset the ad- 
vantage of no waiting time for ships 
to dock. Projects to improve the 
situation are included in both tile 
Aqaba Region Authority and na- 
tional five-year development plans. 
Upgrading the railway line and di- 
vesting heavy traffic man the cen- 
ter of Aqaba are priorities to im- 
prove the situation. 

Progress in developing tourism 
has not been as rapid as the almost 
dramatic promotion Is the port, 

the authority are organizational 
problems such as the poor districts 
of ShaHaleh and Haffayer, which 
are densely populated “slum" areas 
with haphazard workshops, stalls 
and garages. These areas, with their 
corrugated rooftops and random 
layout, not only spoil the attrac- 
tiveness of the dty but also waste 
valuable space. The construction of 
l X -millinn -dmar housing complex 
for workers — a project trailing five 
other similar ones — will indirectly 
assist the Region Authority in reor- 
ganizing these districts while up- 
grading residential quarters to in- 
clude social services, banks and , 
commercial centers. . ! 

Aqaba is one of the fastest grow- ; 
ingaties in the Third World, with a | 
growth rate of nearly 6 5 percent 
over the past few years. The ambi- 
tious ana -comprehensive plans to 
further develop the city may put 
Aqaba on the map as a tounst re- 
sort and could serve as an example 
of how to man'iTwTe limited space. 

mm sm 

■ ■■ j.. 

• - -V CA.v 


Hie feething problems 
of the Dead Sea potash 
plant have been largely 
overcome, and, once 
prodnetion crosses the 
high break-even point. 

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profits; marketing is no 

Iftatv Bid 

[«3Kilb<«i V*ft M|- 

A potash refinery. 

but the authority is planning to 
rectify the situation with several 
long-term projects to maximize the 
available tourist facilities and to 
build recreation and sports com- 

The newly opened Aqaba- 
Nuwobe ferry boot link and an 
agreement with Egypt to promote 
tourism in both countries is likely 
to increase the n um ber of tourists 
to Aqaba. However, the authority 
also is keen to encourage Jordanian 
families to vacation in Aqaba in- 
stead of abroad. The five-year plan 
includes the construction of 10,000 
to 15,000 holiday bungalows, 
which win be offered for sale for 
between 527,000 and $70,000. The 
S25-mininn project will be sited on 
a 65 kilometer stretch of coast and 
on terraces overlooking the beach 

Aqaba’s 12 hotels with al- 
most 2,000 beds are expected to be 
sufficient to accommodate middle- 
income tourists for several years, 
and there are no plans to construct 
more hotels. Camping facilities for j 
low-income vacationers and youth ' 
groups win be included in the plan, , 
with the proposed rite mdu d ing 
fresh water, electricity, showers, I 
restaurants and travel agencies to 
cater for up to 1,000 people. 

Recreation fariltities fra: the ex- 
pected increase in tourists are 
planned, rtu4nHfng an amusement 
park for families and children to be 
run as a concession, and a water- 
sports center using pmnped-in sea 
water from the Red Sea. 

To the north of the city there will 

be the 1,500-hectare Ponce Ham- 
zeh botanical gardens, which will 
indude a pabn forest with trees 
from several Arab states and a re- 
search station for arid and coastal 
areas, whidt the Region Authority 
hopes will be supported by West- 
ern financiers. 

As the city’s basic infrastructure 
and services already are estab- 
lished, the major difficulties facing 

Work! Bank to help in identifying 
downstream industry from mining , 
and it is hoping that the iS- rmlli on- 
dinar foundry it is promotmgin the 
Irbid industrial zone will form the 
hade of downstream engineering 

For the first time, also, the fund 
is seeing how it can hdp smaller 
industries. The Chamber of Indus- 
try’s role will be more in market 
and product promotion. With its 
debts paid up, it is in a much stron- 
ger position to financially develop 
its research facilities and to attend 
foreign trade exhibitions. It recent- 
ly exhibited at the Bahrain- Trade 

The chamber’s most important 
task, however, will be in represent- 
ing die private sector in its dealings 
with the government At its first 
meeting with the new administra- 
tion the dumber stressed the need 

for greater protection of local in- 
dustry and for comprehensive re- 
view of regulations covering indus- 
trial licensing and tariffs. At 
present there is no consistency in 
tariff protection. Same products 
like bathroom fixtures, tiles, refrig- 
erators and home appliances get 55 
percent, while otbas none. 

The chamber also asked for the 
removal of discriminatory prefer- 
ences favoring the pubnc sector 
and that it be brought more into the 
picture in industrial planning. 

According to Isam Dbeir, the 
chamber’s president, their ideas 
were well received. But in dealing 
with public-sector reform Mr. 
Muasher does not have much reran 
far maneuver, and he will have to 
tread warily. Many aifing public- 

sector companies in need of urgent 
cash injections would go under if 
they lost their preferential treat- 
ment Mr. Muasher favors joint 
venturis with raw-material suppli- 
ers where possible and barter deals 
for bulk products like cement and 
phosphates that are difficult to 

Quite apart from cash difficul- 
ties, restructuring the public sector 
is going to involve imagination and 
entrepreneurial Jlair to minimim 
dislocation arid loss. 

The South Cement Co,, launched 
on the stock market three yeats ago 
on the crest of the boom, now is an 
embarrassing white elephant. 
Merger negotiations with the prof- 
itable Jordan Cement Co. hinge cm 
price. But Jordan Cement is hoping 
to make the merger more pa l a table 
by introducing new product lines 
that will enable the local market to 
absorb 70 percon, compared with 
the present 50 percent of die two 
plants’ joint +uuffion-ton-per-year 

Despite the problems faced by 
many pubhosector companies, die 
industrial picture is far from 
gloomy. Phosphate prodnetion, up 
31 percent last year at 6J2 million 
tons, probably has another two 
years of good growth. Flans for a 
phosphoric add plant have been 
prolific A1 atidiya phosphate de- 
posits north of Aqaba continue. 

The. teething problems of the 
Dead Sea potash plant have been 
largely overcome, and, once pro- 
duction crosses the high break-even 
point, it should make good profits; 
marketing is no problem. The fer- 

tilizer plant at Aqaba, on the othd 
hand, incurred a loss of lOmiUiod 
dinars in 1984 because of the Inga 
price of feedstock sulfur. . . - 
. Of the 33 industrial compaaid 
that have produced their 1984 rej 
ports, 20 — almost half of tire 4H 
quoted on the Amman Stock Eri 
change — have turned in profits,] 
Some, like the Paper and Cart 
board Cl, have been retamin 
profits far a number of years, an 
now, comTortabhrfiffitid. arebegjn 
mug to expand Tie company* 
chairman, zuhair Asfour, o fa 
from pessimistic. He maintain 

&& vdy drastk^^^^L Tbe k 
cal banking^ system' has the re 
sources for investment; the on) 
thing lacking is Tcnowhcw," wbic 
can be bought through license o 
smal joint-venture, particqmira 
“There arc heararf applications, 
he said for small and medrumdze 
industries. , . ■ 7 1 

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I'-Ac Fskatiatafli 

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f- 4 * *■■■.« b-tvc mb* 
;W -‘“ S» ! Mi# lUas 

■ The buoyancy of the stodt umr 
ket since the newgavennnentcam : 
to power tends to Dear him oul Bb 
much depends on whether thc ac 
thorities can create, in thewudsc 
Bassam Saket, director general of 
tbe Penaon Fund, “an image of 
continuity^ after the traumatic 


admmistiatkns. Far its part me 
private sector has been lot und& 
no m^pjndienskai that the ball fe 
now in its court. If the Chamber trf 
Industry does riot come fesward 

said, “the govenunenl will diaa^ 


Your Guide to Investment and Banking in Jordan. 


The first universal Bank in Jordan undertaking merchant and commercial 
banking activities. 

Established in 1978 by the following main founding shareholders: 

Qatar National Bank - 

Abu Dhabi investment Authority 

Libyan Arab Foreign Bank 

Arab Investment Company, Riyadh 

National Commercial Bank, Saudi Arabia 

Pension Fund (Ministry of Finance in .Iordan). 

The Housing Bank, Jordan 

Arab Bank Ltd., Jordan 

Jordan Insurance Company, Jordan 

■ i 


'“"oak 1 


W 1 Colony T 
Hh, 9 ® lTl 



P.O. Box: 8797 AMMAN - JORDAN, TLX: 21 71 9, 22087 AJEP JO 
TEL: 66862^-66412 B/7. 




°fil 5 ♦ 

Page 13 


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• . ■ ’ Vegetables are grown In greenhouses in the Northern Jordan, above left Waters behind the King Talal Dam, northern Jordan, right, and inset, the East Ghor r« «i in the Jordan Valley. 

Uplands Agriculture Is Given Priority in Planning as Food Import Bill Increases 

By Sarah Graham-Brown 
LONDON — Jordan’s next fire- 

vdopmenl has been lopsided. Sob- centage of the peculation that is 
stantul investment and foreign aid employed in agncnlture is becom- 

pnorities, raising its share in total 
spending from the 7.1 percent allo- 
cated in the 1981-85 plan. 

This is a measure of fee govern- 
ment’s concern at some of the long- 
term problems risible in the agnr 
cultural sector. 

> Itis not so much that agricnltnre 
lias been neglected, as that its de- 

jgj™ the Jordan Valley irrigation pro- cases, the reason behind this rural 
ject, but relatively little has been exodus is the smallness of the plots 
-jvj. done to assist the rain-fed agricul- of land fanners cultivate and, thus, 
ture of the tqdands. their inability to make* living off 

ttioo that is pable trend is combined with con- rain-fed areas: guaranteed prices, meats such as land reclamation and 
re is becom- cem at the steadily rising food- technical advice, and cheap seed- irrigation, farm buildings and pnr- 
r . . . In many import bill over the past few years: lings for cereals, potatoes and cm- chases of livestock and equipment. 

Jordan imports about two-tiurds of ions, 
its food. So 

The cooperative development of 

At the end of the 1970s, in a mclana - 
rrport on the basic of rural The drift of migrants to (he ur- 
commumties in Jordan,. Dr. Jarir ban areas has gone so far as to 
Dapni, of Stanford University, create labor shortages in agricul- 
wrote; “Although Jordan is mainly tore, 
an agricultural country, the per- 

their inability to make a firing off son a severe drought reduced wheat 
the land.” production from a 10-year average 

The drift of migrants to the ur- of 62,000 tons a year to a mere 

its food. Some critics may aigue that this rain-fed agriculture projects, cost- 

Furthermorc, in the 1983-84 sea- is too fittle too late, when already mg .$28 million and jointly fi- 
son a severe drought reduced wheat about half of Jordan's population nanced by the International Fund 
production from a 10-year average lives in the Amman/ Wadi Seer- for Agricultural Development and 

an areas has gone so far as to 10,000 tons, 
reate labor shortages in agricul- In March this year, the Ministry 
tie. of Agriculture announced new 

Alarm at this seemingly unstop- moves to encourage farmers in the 

Peace Bid and U.S. Acceptance 

f'44. * • *•• . 

... »* '■' - * 

Jordan imports abont two-thirds of its food. Furthermore, in the 
1983-84 season a severe drought reduced wheat production from a 
10-year average of 62,000 tons a year to a mere 10,000 tons. 

v - % ■ •• 


. .. ^ 

(Continued Frau Page 16) 

army to crush the PLO in the 
Jor danian ca pital, Amman, and 
then repd a Syrian invasion of 
the counties northern frontier. 
In the ensuing years, Jordan as 
weD as Israd became a target for 
Palestinian extremists who 
formed the notorious Blade Sep- 
tember terrorist group/ 

In 1974, at an Arab s ummit 
meeting in Rabat, Morocco, the 
PLO won approval for a resolu- 
tion that effectively terminated 
Jordan’s dmm to the West ifanlr 
and Arab Jerusalem. It declared 
rtift Palestinian* had aright loa 
“bomdand" and “self-<Jetenni- 
nation,” and designated thcTLO 
as their “sole legitimate repre- 

An evolving rapprochement 
between Jordan and die PLO be- 
came firmer in 1982. The Israeli 
invasion that drove the PLO out 
of Lebanon put the Palestinian 
issue bad: on Hussein’s door- 
stop. For Mr. Arafat, the loss of 
his only military base left few 
options other than to join King 

Hussein in a practical negotiat- 
ing process. 

With the stage set for a fuD 
political affiance president Rea- 
gan'S September 1, 1982, peace 
initiative served as a catalyst It 
called on land to return the 
West Bank and Gam Strip (cap- 
tured from Egypt in 1967) where 
a self-governing Palestinian enti- 
ty wrand be established in associ- 
ation with Jordan. Israel would 
get peace. 

King Hussein and Mr. Arafat 
saw the opportunity to “save” 
the occupieai territories from per- 
manent Israeli control There are 
an estimated 42/WQ Jewish resi- 
dents in 114 settlementson the 
West Bank, and another 3,000 
live in the Gaza Strip, which has . 
500,000 Arabs. 

Since (982, King Hussein and 
Mr. Arafat haved talked of an 
eventual confederation between 
Jordan and the Palestinians, al- 
though the PLO inriststhat such 
a union be postponed until after 
the establishment of a Palestin- 
ian state. 

Their developing partnership 
was bolstered last November 

when the king hosted the 17th 
session of the Palestine National 
Council, the PLO's “parlia- 
ment.” He strongly reaffirmed 
his recognition of the PLO as the 
representative of the four million 
Palestinians living inside and 
outside the occupied territories, 
and he' pledged not to enter 
peace talks without PLO con- 

The Hussein- Arafat approach 
has beat fraught with dangeg 
and complications. Jor danian of- 
ficials feel the biggest threat is 
that PLO hardliners and even 
some dose Arafat associates wiD 
pressure the PLO fisrirman to 
abandon the partnership as an 
exercise in futility and Capitula- 

Radical PLO factions forced 
Mr. Arafai to suspend dealings 
with King Hussein in April 1983 
when the two leaders were close 
to an agreed approach concern- 
ing the Reagan peace initiative. 
These factions waged a Syrian- 
backed dvil war against Arafat 
loyalists, costing more than 
1,000 lives in eastern Lebanon 
and Tripoli 

/Zarqa conurbation where real es- 
tate speculation is, in its turn, eat- 
ing into the agricultural land 
surrounding iL 

But there are several projects 
that aim to help small farmers, es- 
pecially by providing access to 

For instance, the Ministry of Ag- 
riculture’s Highland Development 
Project is providing assistance for 
farmers to develop or reclaim hiD 
slopes for growing fruit and olive 

The European Investment Bank 
is channeling 6 milli on European 
Currency Units ($436 million) 
through the. Jordan Cooperative 
Organization and the Agricultural 
Credit Corp..for on-farm invesl- 

the Jordanian gov ernment, aims to 
raise farm income and increase 
production for some of Jordan's 
poorest farmers. 

Short-term credits are offered 
through the Jordan Cooperative 
Organization and the cooperative 
movement for improving field 
crops, while medium-term credits 
are given for inproring livestock, 
planting tree crops and establishing 
a farm machin ery pod for hire: 

But the International Fund for 
Agricultural Development, in a 
project assessment last year, noted 

“lengthy procedures” involved in final section of the canal. 14 kilo- 
obtaming credit through the Jor- meters (8.7 miles) between South 
dan Cooperative. Shouneh and the Dead Sea, the 

In contrast, large-scale commer- contract for which was awarded to 
dal farming has flourished, in the Josef Rripl of West Germany last 
highlands as wdl as in the Jordan year. 

Valley, including production of With a loan of $20 million from 
vegetables and flowers under drip the Arab Fund for Social and Eco- 

Domic Development, the authority 
_ T # is converting the system of open 

rtfaermore, m the channels in the central section of 

, , , the valley to pipes, to allow for drip 

it prouDCuon from &. irrigation over a further 5,500 hect- 

e 10,000 tons. 

■ of high-technology farming, the 

valley is er p e riencing SOUK prob- 
irrigation and plastic tunnels, and leans, particularly in the realm of 
the development of intensive poul- nwArfing 

try and livestock fanning. 

Some recent seasons have seen 

The Jordan Valley Authority gluts of vegetables, especially to- 
con crimes to develop the Valleys matoes, which have sect prices 
irrigated area, although the pace is plummeting canring serious prob- 
slower than anticipated mainly d»i» Jems for 1 ms affluent farmers, 
m the fleering of plans to build the The government has gone so far 
Maqarin Dam on the Yarmouk as to impose fines on ovexpro- 
River. ducers, and for the longer term. 

This was to serve as the main efforts are bang made to introduce 
reservoir for the East Ghor fjmal, a wider range of crops and better 
which feeds irrigation projects in methods of crop rotation, 
the valley. It is hoped that the national rc- 

This project has been stymied by search center on agricultural tech- 
the objections of Syria and Israel niques being set up in the valley 

the difficulty of reaching the poor- the objections of Syria and Israel niques bong set up in the valley 
est members of the target group which claim riparian rights to the wiD be able to contribute to sdu- 

who are often not membeis of co- Yarmouk waters. 

operatives or who are discouraged 
by the collateral requirements and 

However, the Jordan Valh 
thority has gone ahead wii 

tions to some of these difficulties, 
An- which arise from the use of high 
the technology fanning methods. 

Urbanization encroaches 
on vital agricaftaral terrain. 




ordan Finance Consortium Pic 

• g 

(registered In England under No. 18 14093) 

. Licensed Deposit Taker 

if you have business Interests in Jordan 
and need specialist advice 
hank on us 

Contact Mr. M.E. Constant (General Manager) 
or Me S.L Alexander (Manager, Banking) 
or Mr. J.D. Potts (Chief Dealer) 

Granite House. 101 Cannon Street, 

- London, EC4N 5DA 

Telephone : 01-626 5791 
Telex : 3814135 JORCON G 


N , 




s f' • * 

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King Hussein Street 

Tel 624161/3/3 

Telex 21 120 and 21 31 8 JO 

P.O.Box 1226 


Jordan Insurance Bldg. 

Third Circle 
Tel 642283/4 


Petra Street 
Tel 624265/624281 



P.O. Box 388 
Tel 23981 
Telex 4257 
(10 Branches) 

52 Riad Solh Street 
P.O. Box 1524 

Telex 20648 LE And 21 605 LE 
Beirut - Lebanon 



Banque de Participations et de Placements S A 8 Rue da Panth&vre 
75008 Paris 


Banque de Participations « de Ptacomwits, S A 
Head Office VlaS.Batestra 2,6801 LUGANO 
Branch «15 Rue Toepffer, 1211 GENEVA- 

Representative Offices 
London and NewYork . 



* Irl“ .. 

Page 14 



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Amman : Busy 
Huh of Nation 

». - ■***, jr 

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At left, a busy 
avenue m the 
capital and a 
traffic circle in a 
rapidly developing 
quarter of tbe city. 



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Nation’s Historic Role as Transshipment Route Continues With Modem Means 

. : r— _ Alia Ainvwt The onvemment has Officials said there have been The service « '“2 


AMMAN — The Pharaohs’ ar- 
mies used to cross Jordan to do 
baule with Mesopotamia. 

The Assyrians. Babylonians. 
Persians, Greeks and Romans all 
passed through. Caravans from Ye- 
men split up into two near the mo- 

dern-day port of Aqaba, to head 
for Syria to the north and to the 

and to the 

r»v-r the last 10 years Jordan destined for Iraq. He said that, in routes, for which Alia plans to pnr- 
hacinves about 800 million di- view of Jordan’s decision to expand chase small turboprop planes, are 
Mre ti” hiHionl in transportation, the port. Baghdad had promised to mainly aimed at the tourist market 
nvpr in percent of Us invest- continue using its facilities once the The airline is currently studying 
J f n. Woji for that period. Gulf war ends. the European Airbus, the McDon- 

Inconwfrom transportation rose While Jordan’s transport policy neli Douglas MD-80 and the 
hv an averaee 29 6 percent annual- aims at improving and expanding Boeing 757 and 767 as rcplace- 
iv from 197* to 1980 according to all forms of surface transport, its ments for its Boeing 707s and 727s. 
Transport Ministry officials, bring- national airline. Alia, provides per- ABa made asready profit for a 
inein91 million dinars and making haps the most prestigious example decide until 1983 whei it lost S2 

UJ 5*“ r -l ,h. mncnnrt mdnctrv'c muth mrllirm at the nraviiilmp rate nf 

government favors public-sector Alia Airport. The government has ^ fomrove the line. April 25, the third anniversary '4 ‘ 

tracking concerns at a time of eco- earmarked woric costing 107 mil- studies i of ° . P opera . re tum of Sinai to Eratt»b9fJ'.. 

nomic downturn. They also blame lion dinars u upgrade the country s only t King Hussein, President . Hosu ’ 

government restrictions and a cut road system by 1990- for investment Mubarak of Egypt and Sultan Qa- _ 

in goverament-controDed freight In addition, the Public Works pressed a preference for investment ■_ <, 

charges, from 133 to 11 dinars, per Ministry estimates that it needs 20 in roads. n finrentlv two ships ply the • 

metric ton for near nrofitabOhv. million dinar s a n nuall y just for Syria, however, has , w dmlv and cah“ : ' 

— — 7 — ■ .;_oi millirm dinars ana maKing uaus lilt uiuai uiaupuiuvMuupiv vwmuu. tuuu 1 /w «*- 

Nile Valley to the west “8“ M “[“JJ ^ cou £uV? of the transport industry’s growth, million at the prevailing rate of 

Their modem ^wvalenu are up 11 -- P«cent ume The airlme, whose fleet includes exchange. The chairman. Ali 

still on the move although tracks. gross “f 1Aon .hr.^ioh for- three Boeing 747s and nine Lock- Ghandour. predicts that the 1984 

container ships and Boeing jets 
have replaced camels and horses. 
And their loads are no longer the 
spices and cloths of the East. 

They are more likely to be goods 
from the north — anything from 

Since 1980 transit through Jor- three Boeing 747s and nine Lock- Ghandour. predicts that the 1984 
danian territory has risen sharply heed L-101 1 Trislars, serves 40 des- figures will show another loss, but 
he^use the Gulf war that pits dilations, from Los Angeles m the attributed this to the inauguration 
neSiborin® Iraq against Iran. West to Singapore in the East of routes to Singapore, Chicago 

because the Gulf war that pits 
neighboring Iraq against Iran. 

From the start of die war in Sep- 
tember 1980. Jordan threw its sup- 

Over the next five years, it plans and Los Angdes. 
i add Kuala Lumpur, Seoul, To- In addition to t 

of routes to Singapore, Chicago 
and Los Angdes. 

In addition to Alia, Jordan owns 

sophisticated military equipment 
or Iraqi oil to fresh meat from Eu- 
rope and Jordanian phosphates 
and potash for export. 

“The story of transportation in 
Jordan is the story of civilizadon 
here.” said Adnan Abu Odeh. a 

ternber 1980 Jordan threw its sup- to add Kuala Lumpur, Seoul, To- In addition to Alia, Jordan owns 
Mil behind ' 1 raq and Aqaba, on kyo. Rio de Janeiro and Abidjan to Arab Wings, the Arab world’s only 
the Red Sea, became a major coo- its international network. Alia’s executive jet organization, which 
dun of supplies for the Iraqi war hub is the ultramodern, 2-year-old operates two Saberliners and two 
effort as Iraqi ports became unus- Queen .Alia International Airport, Learjets. 

able because of damage or the dan- south of Amman. Jordan is also a partner with Iraq 

On the domesuc front. Alia in Arab Air Cargo, a purely freight 

government restrictions and a cut 
in goverament-controDed freight 
charges, from 133 to 1 1 dinars, per 
metric ton for poor profitability. 

Government regulations now 
stipulate that trucks can carry a 
maximum 35 tons, compared with 
a previous ceiling of 60 tons. The 
tonnage was cut to reduce damage 
to roads. 

Much truck traffic comes from 
Europe, Turkey and Syria, often 
heading for Gulf countries such as 
Kuwait and Saudi Arabia. Trans- 
port Ministry officials said that, 
while Jordan's political des with 
Syria are strained, this has had little 
impact on cross-border trade. 

a modernization program on lines 

plained earlier this year that it only leading Tram Turkey to Damascus a mcow. ^ 

had a 4-millioo-dmar allocation. and from Damascus to the Jordarn- off iStO 

jsaaws SS3£sasaw:- 

wejoame more development in rail- 

Jordan’s most famous railroad is south of Amman is used to cam' aal .usewuW 
the Hijaz Line. The target of many phosphates to Aqaba. Tbe Aqaba Iraqi S}* 1, c ^ aeA %: 

acts of sabotage, the track featured Railway Corp wiuch operat^ die ^ 8 0 Si n S7jortlaiiian 

m “Seven Pillars of Wisdom” bv service, recently received World For the orainaiv joraaman or 

T.E. Lawrence, Lawrence of Ara- Bank aid to restore some 100 kilo- feyphan, J^ewlmk ; 

bia, an account of the 1916 Arab meters (62 miles) of track. - 

revolt agaiiist Turkish Ottoman Perhaps Jordan’s proudest trans- CairaB^towbomcroR^-. ? - 




Wr j .L: .. : 

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j ]he .. 

w* . 
rtbf r "* 

ger of atuick. 

LA/l LO t’UWuiv - 

f d ama ge or the dan- 

rarjets. Apart from the trucking mdus- 

Jordan is also a partner with Iraq try, Jordan operates a fleet of more 

a a ■ r* - * r ' a Li inn « * *L. rv.u:. 

T IM ilklu^a. 

here -" Kk£ HiSein saiddSo'pcrcent of Sports cur^ m^orl^be^blSt at Petra, Irbid opera lestwo Bodng TO7s and can 

SfffSSSL 4ST rentlypa^n^throush Aqaba were ^Tin the Ghor VaDey. These 

in Arab Air Cargo, a purely freight 
line set up in 1981, which currently 

and a former cabinet minister. 

United States Shifting Its Role in Bid for Peace in Region 

(Continued From Page 10} 

conference to deal with the Middle 
East, even though Washington at 
one time strongly favored it. 

Thus, the question quickly be- 

fligbts, carried 14,000 metric tons 
and brought in S8.8 million in reve- 

On the ground, Jordan's biggest 

the Israelis would not negotiate lie tneir lorces to prorect ^vity ^ trucking. Lines 

with such a group because of their themselva against SjTian ^ goods vehicles can be seen 

refusal to deal with the PLO under attack and also to aid Gulf states in flu on the ap- 

any circumstances. 

Mr. Shuliz, in his meeting with 

3,1 r™ EErSiEE outside the capital on the ap- 
trouble from Islamic extremists. Droacfaes l0 Aq ia and at the fron- 

The United States has been willmg S^S: l n 0 JS Iraa w 

Thus, the question quickly be- ^ “on Ma7l2 ^ 13 from^ Sdi su? 

came one of whether a joint Pales- --i ., r i~> r ihai it was slroQ & P, ress “ e iro J in . . 

dnian-Jordanian delegation could r nr v,im and Mr Arafat P 0 * 161-5, ^ as ^ e ^ n adamant against 

he- nm irtosthcr that would not in- m3 P oriai1 „ , . ? nd Ara, ?i any sales of advanced equipment 

be put togetner mat wouia not m nronose Palestinians who could _._l c k 

st rone oressure from Israeli sup- Jordanian government has 

dude PLO members but Ihatat the BEBKS-S SBS5*STSd TW 

acceptable lo the Uniled Stales and Co lb^tate 750 and 366 

ET&tatataTSSSLtE: -*■*»- &™l i&tah>i»kd« 

mnnltv Th«v«iieallv. if the PLO The comoUcated quesuons of Senate have passed resolutions Altogether, more _than 8.000 

ing leaders in the Palestinian com- 
munity. Theoretically, if the PLO 

reptable to the United Sutes and |0 negoUale directly with Israel. 

- ultimately — Israel. Majorities in both lhe House and 

The complicated quesuons of Senate have passed resolutions 

uiuiniy. i UUUIV.UWHUJ, u wj*. * w ■ -1 -- , — « T , 

met the American conditions, that peace negotiations has also spilled against arras sales to Jordan until 
would make it possible for Wash- over into direct Jordanian-Ameri- peace talks begin, and that, in ef- 
ington to meet with a delegation can relations. For years, the Jorda- feci, has tied the administration s 
that included PLO members. But nians have been trying to modern- hands. 

trucks are registered in Jordan, a 

UgUllMl omu J I 4 IW W 

peace t-ilks begin, and that, in ef- country where the population is es- 
feci. has tied the administration’s timaled at 23 million. 

Private owners complain that the 

than 400 buses in the Public Trans- 
portation Corp. Figures for 1983 
show that 51 million passengers 
used bus services, both on short 
city routes and on the intercity 

An unwelcome byproduct of the 
high volume of road traffic in Jor- 
dan has been the toll on the coun- 
try’s road system. In particular, 
roads leading to Iraq have been 
severely damaged by the increase in 
heavy loads. 

As a result, an ambitious road- 
imp rovemem plan is underway. 

Around Aqaba, in the south, the 
government is to build a ring road 
to relieve congestion from the port 
under the next five-year plan, 
which begins next year. The World 
Bank has granted a S30-raillion 
loan for the project. 

A fast, modem four-lane high- 
way already links .Amman with the 
southern town of Maan. on the 
road to .Aqaba, and serves Queen 

revolt against Turkish Ottoman Perhaps Jordan’s pr< 
rule. port achievement of re 

The Hijaz Line was originally — at least on politica 
built by Turkey through Syria and has been the establh 
Jordan to Saudi Arabia to cany ferry link from Aqaba 

Dane, aiu iu lounw wum r — - . ■ • 

meters (62 miles) of trade. cheap route J*tw*n Atomjn iwf - 

Perhaps Jordan’s proudest trans- Cairo. Buses leave both cmiuds ew 
port achievement of recent months ery day to link up with the ferry.- - 
— at least on political grounds — The total journey tikes about 15 £ 
has been the establishment of a hours and costs 19 dmaxsper past- 

oral t by turrey tnrougn ayna ana uas dmi uic ouwtu.^... - . . tK - . 

Jordan to Saudi Arataa to cany ferry link from .Aqaba to Nuwaba. senger, compared . wth ths ;* 

Moslem pflgrims to Saudi Arabia’s across the Gulf of Aqaba on my air fare of 54 

holy shrines of Mecca and Medina. Egypt's Sinai coast “ Jl)UAN f 

1 1 • 
tone 11 '" 


SARAH GRAHAM-BROWN is the society and 
culture editor of the London-based magazine Tbe 
Middle East. 

BILL LYONS is a freelance photographer based ; 
in Amman. 

ANNE COUNSELL, a journalist based in Am- 
man, contributes to the Jordan Tunes and British 

ALAN MACKIE is a London-based jonroaBsl 
who writes about Middle Eastern affairs. 


SCOTT MacLEOD writes regularly about the-.; 
KAMe- Fasi for the New Statesman. He has 

BERNARD GWERTZMAN is a diplomatic 
correspondent for The New York Times. He is 
based in Washington. 

IAIN JENKINS is a staff writer for Middle East 
Economic Digest, He is based in London. 

Middle East for the New Statesman. He has con^ . ^ . 
tributed articles oh the Arab- Israeli conflict to The : - 
New York Review of Books and The Washingtrax.^ . • 
Posl He is writing a book on the Middle cast-; ^ • 
peace process. * 

JULIAN NUNDY is on theeditwial staff bflhe ■; 
International Herald Tribune. Previously, be C09~ 
ered the Middle East for Newswedc maganne. - -r f . • 

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Location: Situated on the beautiful blue sea of Aqaba, 1 mile from town 5 m»l^g 
from the airport. 

Special Features: 144 Guest rooms, 14 Suites, Swimming pool. Tennis court ^ 

Dining & Entertainment: The Corals Fr en c h N ^ \ \ 

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Live entertainment in the Corals. ^ 

Rates: S/R: J.D. 22.000 D/R: J.D. 26,000 Suite: J.D. 75,000/“ ; -V : HV^ . 

% HI*’ Ul W ifttlflftfT* 1 


For Reservations 

A1 Hussein Ben Ali St. Amman. P:0. Box. 6399. Tel: 663100. Telex: 21859 Holinn jQi 
Kings Boulevard. Aqaba. P-O. Box. 215. Tel: 0331.2426. Telex: 62263 HoldinJO. ? 

Statistics Index 

\MEX pcW M* Eamtao* resorts p,- 
MEX UatH^fcwtP.i# ntnp rote mta* P.1? 
IV9E price* P. 6 C«M moriwb PJJ 
M/tao P.l* Interest rates P.14 

g stacks PAD Wortst summary P. 6 
ram P.15 Options p.w 

Ms P.1* OTC stock . p.18 
JtvktenOi P.W Otwr morkMi P3B ' 




SATURPAY-SUNP AY, MAY 25-26, 1985 


llJ.S* Budget-Cutters 
*7 Down to Business 


■si ^ : By LEONARD SILK 

7- f \- Iniemadonal fferald Tribune 

' ■ "JL “T EW YORK — With the passage Thmsday by the 

|\ I House of Representatives erf a badgetresototion, the 
'* 7-1 I ^1 struggle over budget cutting, the most important issue 

** facing the U it and international economies, is coming 

•-v:^\;>ahead. • ... . .. 

V - : *ir . I 21 the weeks ahead, ah effort win be made to produce a 
^ ^compromise between tire House resolution, whidi calls for the 
reduction of the deficit by 5239.1 tsUicm over the next flute years, 
and the Senate budget plan already adopted underfire leadership 
V d)k of Senator Robert I. Dole of Kansas, the Republican majority 
leader, with President Ronald Reagan’s backing. . 

>v>rhe two plans differ in the total arts they arc proposing and, 
more significantly, in their ' ~ ' — 

, ■ calls for steeper cuts in the A m^OnjOesbOD 

• ^f-y'i’^otfiiatatttaUwytp- about both plans is 
— L* propnauons. The Senate “V 1 "" "V . 

would freeze real outlays for lmw mnrJi lfa»v would 
>, one year, allowing mfliiaiy. . _ ; 

■ . spending to rise to cover infla-; CUtljlfideodL 

7 o tion; . the House would freeze * ' - ' ' 

nominal outlays in', the first 

-••'■■C year, thereby budgeting for a real decline in miBtaxy appropria- 
‘ -'c;. tions. 

'T^,. The Senate plan calls for a one-year freeze in the Social 
. - l -:'i ^ Security cost-of-living, adjustment, while the House does not 
7 T 7 -- rtT.,juch pensioners’ benefits. 

! The plans also differ in their treatment of a great many other 

rT< 'programs, with the Democrats seeking to protect or increase 
• '• benefits for low-income groups and the Republicans arming at 
.V'* cutting a greater number of social prMrams. 

A major question about both resolutions is how much they 
1 really would cut the deficit' 

' P * »' u . The House resolution is supposed to mean a three-year cot of 
$259.1 bQHon, based on the same assumptions made by the 
•I.:.-.-,.. Senate and the aHmfnictT ritmn’g Office ■Of Managemen t and 
Budget Of that total cut in the deficit, $6.25 MKon would come 
- 1 ‘ from the revenue ride, especially to pay for the Superfnnd to 
- 1 M j dean tip industrial wastes. 

^ r | 1 HE biggest deficit cots in the House resolution are in the 

1< military area, aeeemitrnjp for more than half the total. 

-JL Reductions from the originally planned administration 
.military buildup were estimated at $27.5 billion in 1986, $45.15 
T^Uion in 1987 and $64.6 billion in 1988, for a three-year total of 

$T37J hflfion, considerably more than the Senate proposes to cut 

:: from the military.' 

;The Senate, on the other hand, would suspend the cost-of- 
living adjustment during 1986, thereby saving about 527 billion 
• " over three years. 

The Senate l eadership assets that its plan would cut the tbree- 
^ year deficit total by “nearly $300 bDfion,” as compared with the 
- : House total of about $250 bUKon- But how much will the cuts of 
•"‘i either the Senate or House resolutions reaDy amount to? 

1 ‘ v Both Houses used as their sterling point the administration’s 
'■ -■ .7 base-line projections that, if no cuts were made, the deficits 
would total $229 btffion in 1986, $243 trillion in 1987 and $244 
billion in 1988. 

■ - If the budget cutsjust voted by the House are made, the deficits 

_ for the next three years would, on the administration’s economic 
assumptions, come down to $173 billion in 1986, $163 billion in 

1987 and $124 hflHon in 1988. 

Jput the Congressional Budget Office, using less optimistic 

economic assumptions and what it considers mere realistic as- 
sumptions about nrifaary outlays, estimates that the deficits for 
the next three years would amount to $189 billion, $176 biHiou 
and $t72 MHon, respectively. 

Is this enough of a reduction? The answer depends chiefly cm 
the relation of the planned deficits to the gross national product 
(Continued on Page 17; CoL 1) 


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U.S. Slocks 
Report, Page 6 

Page 15 

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Budget Includes 
Steps on Deficit 

By Douglas Martin 

New York Twice Service 

OTTAWA — The government 
has announced a variety of mea- 
sures intended to promote business 
investment. It has also proposed 
temporary tax surcharges on busi- 
nesses and individuals that reduce 
its projected deficit, but not by as 
much as some economists and busi- 
nessmen had hoped. 

The budget, introduced Thurs- 
day, was the first of the new Pro- 
gressive Conservative Party gov- 
ernment of Prime Minister Brian 
Mulroney, and was the dearest in- 
dication yet of his economic poli- 
cies. It inducted such diverse pro- 
posals as a minfapom tax ob the 
rich, and such business stimulants 

Mi chael H. V^knn|~ mfrilaii»r of 
fin ance, told Parliament that the 
projected deficit for the fiscal year 
that began April 1 had been cut 32 
MHon Canadian driDars ($133 bil- 
lion), to 24.7 billion dollars. Some 
business leaders »nd economists 
had called for S billion dollars in 

The budget also took a number 
of steps to spur investment, partic- 
ularly in small business. Among 
other things, it proposed a personal 
tax exemption for capital gains of 
up to a lifetime limit of 365,000 
dollars. It also said it would allow 
Canada's big pension funds to in- 
vest in private corporations. 

Mr. Wilson announced a number 
of steps to curb Canada's mounting 
deficit, which currently equals 7 
percent of the country’s entire out- 
put. a p roportion 45 percent great- 
er than that of the United States. 
Chief among these actions was a 
surcharge on taxes paid by corpo- 
rations and higher-income individ- 
uals. Such individuals will pay a 5- 
perceat tax surcharge on income 
earned from July 1 to Dec. 31, 
1986. ' 

Anotherproposed temporary tax 
was a two-year. 1-percent tax on 
capital used in Canada by the 
country’s lag hanks and trust com- 
panies. Beginning Jan. 1, this tax is 
expected to raise $62 million a year. 

Other new or increased taxes in- 
cluded a 1-cent increase in the fed- 
eral sales tax; an 8-cent-a-ealkm 
retail tax on gasoline to make up 
ior recent tax concessions to the oil 
industry, and a 25-ceot increase on 
the tax for a pack of cigarettes. 

Mr. Wilson promised that to 
contain costs, the government 
would end modi of the indexation 
of .various transfer programs and 
tax 'exemptions, substantially cut 
agricultural and industrial subsi- 
dies, and sdl a number of publicly- 
owned corporations. 

Bundestag Votes 
For a 2-Phase 
Tax Reduction 

Pie New Yorfc Ttartt Coracro Prene Aoodawd ft™, Uwwd frmi Hunu fc uw l 

Jeffrey Archer, left, the Duchess of Kent and Admin Kashoga are among the ‘name’ 
investors faring insurance losses at LJoytTs of London. At left is Lloyd’s Lntine Befl. 

Investor Losses at Lloyd’s of London 

Some Backers of Famed Insurance Refuse to Pay Up 

New York Tunes Service 

LONDON — For nearly 300 years, Lloyd's of 
London has sold insurance backed, ultimately, by 
individuals. Organized into underwriting syndi- 
cates, groups of investors reaped prams when 
premiums outpaced claims — and promised lobe 
personally liable, without limit, if too many disas- 
ters occurred. 

Now, 2^00 members of two of the syndicates 
are facing losses that could exceed $165 million, 
and many of the 500 who cany the bulk of the 
liability are refusing to pay up. The investors 
include such prominent figures as Adnan Ka- 
khnfl pri, the Sanrfi A rabian h nsinessman ; Jeffrey 
Archer, the best-selling novelist, and the Duchess 
of Kent. 

Contending that they are the victims of fraud 
and nrisjudgment by two former syndicate manag- 
ers. the investors are calling on Lloyd’s itself to 
makegood an some of their liabilities. A protract- 
ed legal battle is threatened and Lloyd f s proce- 
dures and safeguards may soon become the focus 
of a House of Commons debate. 

Lloyd's, founded in 1688, operates a $5-triHion 
insurance market in which its 23,438 underwriting 
members accept risks placed by brokers. Most of 
the members are nonprofessional investors, known 
as “names,* 1 and the rest are full-thne insurance 

The brokers write details of the risk on a “slip" 

that is taken to the “Room" — Lloyd’s headquar- 
ters in London — where underwriting agents of the 
members initial the amount of each polity they are 
prepared to accept. 

In the current dispute, the syndicate members 
believe that because of the reported shortcomings 
of their former managing agents — the people who 
actually made a commitment on their behalf — 
Lloyd’s should compensate the members, at least 
for some of them losses, and assume a more vigilant 
role in monitoring the market. 

The chairman of Lloyd's, Peter Miller, rejects 
any such suggestion. 

“If the amount ‘names’ have ou deposit at 
Lloyd’s is insufficient to match the legitimate 
f-lnon, then we shall call upon the person con- 
cerned to find the rest" of the money, up to the limit 
of his liability," be said. 

As to suggestions that at least 100 of the 500 
members involved would, as a result, be forced 
into bankruptcy, Mr. Miller said: “I believe it is 
'correct to say that the Council of Lloyd’s has never 
forced a member into bankruptcy and we hope not 
to have to do this, but we do expect each member 
to meet his liabilities, up to the nmit of his assets." 

Mr. Miller said this might mean that a member 
would have to sdl his home and business. 

The members of the two syndicates, 918 and 

(Coutmued on Page 17, CoL 1) 

BONN — The Bundestag ap- 
proved on Friday the government's 
proposals for a two-stage tax cut, 
despite criticism of the package 
from Chancellor Helmut Kohfs 
coalition partners. 

The lax cut, worth 19.4 billion 
Deutsche marks ($6.27 billion) will 
be put into effect in 1986 and m 
1988. The Free Democrats and 
Christian Social Union, both mem- 
bers of Mr. Kohl’s government, 
had demanded that the cuts be in- 
troduced in one stage next year to 
stimulate the economy and reduce 

Despite their objections, depu- 
ties from the two parties voted for 
the package to ensure a majority 
against the Social Democrats and 
the Greens. 

Finance Minister Gerhard Stol- 
lenberg told the Bundestag that a 
single large cm would have pushed 
up interest rates and therefore 
might have stimulated inflation. 

The new measure w31 mean an 8- 
percent reduction in the tax bin for 
the average citizen. Half of the first 
stage will directly benefit couples 
with children. 

A former Social Democratic fi- 
nance minister, Hans Apel said the 
cut would chiefly benefit high earn- 
ers and would do nothing to reduce 
the unemployment figure of more 
than 2.4 miffinn 

■ Steel Aid Is Pledged 
Mr. Kohl promised further gov- 
ernment f inancial aid Friday for 
the steel industry in the Saar, in 
talks with the stale's new prime 
minister. Oskar Lafontaine, Mr. 
Lafoniame said. 

Reuters quoted Mr. Lafontaine 
as saying the aid would go to the 
Saar's program for restructuring 
the industiy. The aid, he said, 
would not mean a direct injection 
of funds into Arbed Saarstahl 
GmbH, the ailing steel group. 

Mr. Lafontaine declined to give 
any details on the amount of aid he 

IBM Lowers Prices on Personal Computer Line 

_ United Press Imemaiiona! 

BOCA RATON, Florida — In- 
ternational Business Machines an- 
nounced on Friday price cuts rang- 
ing from 22 percent to 28 percent 
on some models in its personal 
computer lin& 

The reductions affect the PCjr 
home computer model and the por- 
table PC. But the regular PC 
whose price was lowered last 
month, was not affected by the new 
round of reductions. 

IBM said the cuts were effective 
immediately and would be listed 

with IBM's product centers, but 
dealer prices could still vary. 

The company said it was cutting 
the basic price of its PCjr home 
computer, which it no longer is 
manufacturing, from $999 to $ 725. 

The PCjr color display monitor 
went down from $429 to $399. 

The portable personal computer 
with 256k of memory and one 360k 
disk drive was cut from S2J95 to 
$1,950. The two-disk-drive porta- 
ble PC was reduced from S2j*95 to 

“We conducted a business re- 

China Eases State Monopoly on Banks 

Reia ^ u . The central bank, in an effort to “It has to be postponed for some 

BLUING — China has an- combat money-supply and credit time so there wiQ be more adequate 
nounced the first break in its state problems, has put strict controls on preparations," an official said, 
banking monopoly by allowing the lending and has raised interest china said in February that it 
provinces of Guangdong and Fu- rates. “It looks like [the central planned to introdureErSty 
pan to open the first provincial bank] is confident that it has its gedy conver^leSe fondgS 

banking monopoly by allowing the 
provinces of Guangdong and Fu- 
jian to open the first provincial 

The Canton Daily, reporting Fri- 
day on the decision, sard the local 
banks would be separate economic 

mas. It lodes like [the antral planned to introduce the anrency, 
bank] is confident that it has its fredy convertible like foreign cur- 
- new controls m place d it is allow- nicies, for use only in Shenzhen, 
mg these local banks, one foreign Communist government »n«de 

tv sai -. ■ , , Shenzhen a zone with special eco- 

Tne authorization For the new nomic freedoms in 1980 in order to 

arion’a’ttehttr central, bank con- *■> a nwre dynamic ^ ^ te 

sstkra of tighter central bank con- on the nc 
trd over state banks to stem a surge economy, 
in the money supply and credit last 
year. ■ Cmrei 

It is not dear if the new banks rtma i 

■ Currency Move Delayed 
China has postponed issuing a 

iacu en r wey . Bep orito May 24 

„ Swta* . FraocA • 

**\ Doiter DJMorft - Frame • Staffing - ’ Franc ECU SDA 
in *A rw-7» 51449k 5W-5V. 12 fir 12 9k HTO-7IM rU-Hk 794 

month* 7*4 5Vk-59h StteSVi 12 Hr CM. WVk-IfW . 9*414 79k 

months 78W 5*7-59% SW-591 12hrT2fi, 101M0!*. ?***% TO 

months 81W<M> ShrSfi. • . 54te5W. 12«r-12IW. TO*-18h-'. «9teTO IK 

nor 89te8fi> Sfirftk S IWIK 12JW-12K .UTO-lffi, 9*%-99k IK 

■xrrees: Maroon Guaranty _ (dollar, dm. SP, Pound PFii CJonM Bat*. (ECU); Rtvtars 
iDRI. Kates aopllaMa to Interbank deposits of SI million minimum (or.eauteatent). 

? (Mh(fMhnvi» convertibleciOTmtythat ith^ed 

change dqjosits. Guangdong and would stop illegal money-chanmg 
Fwianare two of the mam areas m m ^ boS^qjedafeconS 
which foramcanpania operate, zone of^Sn, atfdning Hong 
The stare tanks me the Bank of Kong, The Associated Press report- 
China, which is the foreign eat- ^ 

change tank, the Commercial and : 

Industrial Bank, the Construction 
Bank and the Agricultural Bank. 

Thtxe are also rural credit coopera- 
fives dial operate in conjunction 
with the Agricultural Bank. 

in the booming : 
zone of Shenzhen 
Kong, The Assod 

so m 

buy the foreign goods and services 
offered there. This compels many 
local Chinese to change their ren- 
minbi into Hong Kong dollars or 
foreign exchange certificates, a 
government-issued scrip used by 
foreigners. The certificates have 
evolved into a black-market cur- 
rency with more than double the 
value of r enmin bi. 

view of prices and this was the 
result," said- an IBM spokesman, 
Rob Wilson. 

The price reductions were ex- 
pected to spark competition in the 
portable computer market, as well 
as put pressure on IBM “looka- 
likes." which emulate the qualities 
of the IBM line. Only last month, 
IBM had cut the pike of its porta- 
ble PC from $3,030 to $2,991 

■ PC Use in Business Rising 

A survey has found that UJS. 
businesses are using more than five 

Dollar Advances 

The Associated Press 

NEW YORK — The dollar 
staged a broad advance Friday 
against major European curreo- 
dcs in light trading, helped by 
expectations that world oil 
prices will fall further. 

Albert Soria, a currency trad- 
er at the New York branch of 
Swiss Bank Corp n said the dol- 
lar was buoyed by a decline in 
the British pound, reflecting 
signs of new weakness in oO 

The pound fell to SI-2550 in 
New York from $12670 late 
Thursday. Other late rates Fri- 
day compared with late rates 
Thursday included: 3.097 
Deutsche marks, up from 
3.070; 2608 Swiss francs, up 
from 2.580; 9.440 French 
francs, up from 9 J85, and 3.490 
Dutch guilders, up from 3.476. 

times as many personal computers 
as thty were two years ago. The 
Associated Press reported Friday 
from New York. 

Dun & Bradstreet, an informa- 
tion services concern, said its sur- 
vey was based on a sample of 5,000 
U5. companies that were “statisti- 
cally representative of the full 
range of businesses in the nation." 

Two years ago, responding com- 
panies reported using about 3200 
personal computers. This year, thty 
said, the number totaled more than 

was expecting saying negotiations 
on figures were continuing. 

Dieter Vogel, a spokesman for 
the Economics Ministry who also 
met Mr. Lafontaine, said the gov- 
ernment would take over some of 

Arbed’s debt repayment once the 

group produced a realistic program 
for its revival. 

Mr. Lafontaine said Arbed 
would need 202 million DM in sup- 
port this year to slay afloat. 

He also said he hoped the gov- 
ernment would eventually lake 
over all of the company's debt re- 
payments, amounting to 53.4 mil- 
lion DM this year. 

Saudi Telex Stirs 
OU Price Rumor 

Compiled by Our Staff From Dtipatcha 
LONDON — A rumor, 
caused by a telex, that Saudi 
Arabia was considering reduc- 
ing oil prices spread Friday 
through the oil market. But the 
rumor was not taken seriously, 
and prices of North Sea oil 
finned slightly. 

The rumor surfaced after 
Saudi Arabia’s state oil trading 
company, Petromin, sent a telex 
to clients Thursday that defined 
polity for pricing shipments 
when an oO price change is be- 
ing instituted. U.S. oil udusuy 
sources said Friday that the tel- 
ex was probably a simple at- 

3 i by Petromin to forestall 
icts that had arisen over 
caigo prices when erode oO 
prices were cut 
Those views differed from in- 
terpretations in Rotterdam, 
where the telex was viewed as a 
hint of a possible price cut 
Traders in Rotterdam said the 
rules in the telex did not differ 
substantially from provisions in 
existing contracts. “The only 
possible purpose in sending 
such a telex now seems to be to 
warn us of a forthcoming price 
cut," a trader said. 

(AFP, Reuters) 

Gold Options u*kc* ias/at.1. 

310 W5- 77S 12507130 

330 07ft 175 1430153) 22253375 

XD 975-1125 177ft 1975 

30 47ft *25' 132ft 1475 

39 43)- *30 1025-1175 

3® 23) 400 73) 930 

10 I S3) 738 

CoU 3153). 31400 

VatausWMtc WeM SLA. 

I. Qtai *, Mott-Star 
1211 Cora I. Swtaci tatal 
TcL 310251 - Tda 28305 

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with name and address together with this ad to Dept 


711 Third Avenue. New York, N.Y. 10017, U.S. A 

ffeymomin local cunwiota(BritMi£H, French tr 738 Swiss Ir205t DM2C2) and 
regunta far inf mn uul mi should be cHrectad to; Value Line. Ait: Alexandra da 
SomftHtalta, 2 /Watte VHIors, 76007 Pari*. (TW- SSl-BaJSfiU 

0*tnBtntd by KIM Royal Dutch Aklhm PuMkatBon Distribution Service 
^HnUanet. Mow 4 to 6 teaeta tar detafy ^ 

On the French Riviera 




five minute drive 
from downtown C a nnes , 
on the beach 

(93) 49.90.00 | 


An Account for the Cdu&wj Investor 
to Protect and Increase Capital - 

U.S, Ooflar Denominated 
Insured by U5. Govt Entities 
I mp o rt ant Ton Advantages 

Money Market Yields ' 

No Marker Risk ' 
knmedkite liquidity 
AhjoJute Confidentiality 




Case Postale S3 

1211 Geneva 25, Switzerland 

Please send prospectus and 
account opplieahon hta 



M 11 1 M 

The International Center for Agricubural Research in the Dry Areas 

invites applications for the position of Head Communications and 
Documentation to be based at the headquerten in Aleppo. Syria 


Direct foe Departme n t of Communioalions end Documentation which k 
primarily respond^ far gat h ering, producing, end d ase m in atirio information 
on foe Center's research and Ironing activities. Involves writing and edttig, 
production of infernal tad external newsletters and other publications, 
graphic arts, ratio visual pr ese ntations, printing and computerized storage 
and retrieval scientific information. 


Bachelor of Science or advanced degree in ojpkidturaf joumofism or closely 
retried field; at least 10 yean in n asp oc wj b ta pos it ion h agricultural informo- 
tion/communioation work; some international experience preferred; demon- 
strated competence in supervision of a staff ard management of overati 
agricultural in formcriion ope r ation* Knowledge of French desirable. 

Internationd tax-free salary breed on background and experience; use of 
car; oflowance towards housing, annual home leave, non-contributory 
meefcet insurance scheme and pension fond. 

CtauUateaJtou/dtab u*)t wo eap ie t at(hairCurTicutani VBamtrtdtcenptat 
afurerk, pkm nomas of two ratmaas quoting REF. COMM/1/B5. ter 
Dr. Mo h a mm ed A. Nour, D ir ector G eneral, ICAB D A, 

PX3L Box 5446, Aleppo, Syria. 



Rome, Italy 


At junior and middle level*. Candida lea should have a university 
degree and experience in personnel administration with emphao* on 
portion dasuficaiion/salary administration or staff benefits adminis- 

Endkfa. French and Spanish are the languages or ihe organization and 
miutilingnaliiv is an advantage. 

Salary S16J225 to $24,931 net tax free, home leave and other benefits. 
Scud druiled runiivlum near quoting "114 990- AFP" out h ter than June 20. 

FAO, Central Recruitment, Yia delle Termc di rjm»mlls ; 
OOIOO Rome, Italy. 


Discussions on terms and conditions for this post have led to 
nothing. Further interviews will be equally unproductive - 
our offer terminates June 5th in writing No other dates will 
be considered This is our final position and only interested 
candidates should contact us to arrange final administrative 

Annette HALE, 

P.O. Box 164041, Miami, FLORIDA. 

i* % ( ^ 

Open High Low Close Cha. 

Season Season 
High Low 

Open Htoh Low Ooso Chg. 


177 JO 14225 Mar 141 JO 141J0 141 JO 141.25 

142.50 14000 May 14125 

157 JO 14220 Jut 141225 

130 JO 179.75 Seo 141225 

Esf. Sates MO Prev. Sales 484 
Prov. Oov Ooen Int £764 off 10 


5400 bu minimum- dal tors per busbar 
190 llSVi Jul 119 11910 

174 Vj 11444 SOP 122 12214. 

143V: 118 Dec 133 133 

1741* 13T Mar 3JJVi USW 

442 324 May 323V> J33Vi 

172V. 101 Jul 3J05 105 

Est. Sates Prov. Sates 4.129 

Prev. Day Open InL 41.124 up 14)49 

5400 bu mlfHmum- dol tars per bushel 
131 273 Jul 235% TJSVi 

121 Vj 240 5«P 242Vb 252% 

J 95 154 Dec 2 39 159% 

10 245 Mar 2 48 Z&BV. 

331% 2701b May TJZVi 27316 

286 271 Vj Jul 27M 271U 

2B6V6 240 Sep 257Vj 25816 

EsI. Sates Prev. Sales 14177 

Prev. Day Open ML10XXZ5 off 343 
5400 bu minimum- dollars per bushel 

759 545 Jul 572 572 

7J4 545 Aug 5J1 57114 

471 UI« Sop 549 549 

448 571 NOV 57444 577V6 

479 54116 Jan 54716 5J7V6 

742 5S2 Mar SSTVi 5J7V6 

779 605 May 604 605 

6J8 605V6 Jul 60916 11016 

Est Sales Prov. Salas 15047 

Prev. Day Open Int. 67.553 up 257 
100 tans- da I lars per Ton 
19650 11970 Jul T2B40 121 JO 

18040 12290 Aug 124.10 12440 

179 JO 12540 SOP 12770 12740 

10050 12870 Od 12490 13020 

10440 13430 Dec 13560 13540 

14340 137J0 Jan 13820 13840 

206JU 142J0 Mar 14540 14370 

16230 147 JO Mav 

14740 15440 Jul 

EsL Sales Prev. Sales 14354 

Prvv. Day Open int 5X511 uo 1,925 

401000 lbs- daUars POT 100 Un. 

3172 2270 Jul 3145 3145 

31-95 2250 Aug 2940 2945 

31.10 2250 Sep 2BJ3 2845 

3037 2290 Od 2770 2770 

29J5 2290 Dec 2673 2675 

2947 2340 Jan 2640 2640 

2640 2433 Mar 2340 2590 

2743 2440 May 2550 25-50 

Jul 2500 2515 

Est. Sales Prjy-Sates 1*728 

Prev. Day Open Int. 50760 oft 242 


5400 bu minimum- del Ian par bushel 
17816 1-52 Jul IJ»6 1-52% 

179 U116 Sep 1J2 1 52 

1JQV6 1J616 Dec 156% 136% 

137% 141 Mar 

Est. Sales Prev.Sales 242 

Prvv. Day Open InL 2424 off 35 

1158 11616 — 4311. 
118% 11914 —42 

12914 131 -4114 

134 335 —41 

37216 12216 — 4116 
101 101 —4316 

27414 27416 —41 

26014 24116 — JKH6 
25716 25814 —4016 
2 a 26714 —JVM 
27116 27216 —41 

27216 27316 —41 

25716 25816 -4116 

54514 56814 — 43% 
56616 568 . —43 

56516 3441b —4214 
57314 57614 —4216 
584 58414 —4214 

5LKK 535% —MPA 
643 L03 — 43 

48816 40816 —43 

12020 12020 —120 
12320 12220 —120 
124.10 12428 —120 
12940 129JM —1.10 
134,50 13440 —140 
13440 13480 —120 
16258 14250 — 50 

14730 —SO 
15270 +40 

3061 3074 —21 

2935 2944 —.14 

2838 2853 —.10 

2750 2741 —41 

2630 2448 —05 

2623 2427 —88 

2377 25*3 —.17 

2544 2340 —10 

2540 2515 

1J216 1J2V6 +8014 
1-50 132 

156% 136%—. 0014 
160% —40% 

8 Par pound- 1 point eoua Is 104001 
13350 18235 Jun 12SS0 12990 1 2660 

14450 14200 S«B 12450 17475 l£2fl 

12800 14200 Dec 12310 12310 12290 

12800 14600 Mar 

12250 1.1905 Jun 

Est. Sales 8473 Prev.Sales 10J71 
Prev. Day Open Int. 42425 off 800 

SPWdlr-1 point equaJsSUXXn 
7E3S 7054 Jun 7270 7274 7250 

7535 7025 Set* 7235 7344 7219 

7566 7006 Dec 7209 7715 7205 

.7304 4981 Mar 7191 .7191 7191 

7350 7070 Jun 

Est. Sates 1498 Prev.Sales 1478 
Prev. Day Onen Int. 14,178 Up 292 

Spertranc-1 paint equals 3000001 
.11020 494 JO Jun .10595 .10995 .10595 

.10940 49680 San .10350 .10550 -10550 

.10615 49670 Dec -'0575 .10575 .10525 

Est Sates >2 Prev.Sales 904 
Prev. Dav Open InL 1312 Off 144 
S per mart- 1 paint equals 304001 
-3733 2905 Jun 3243 2245 2227 

-3545 2930 SOP 2263 2267 3248 

3610 2971 Dec -3290 2290 2279 

2415 3040 Mar 3320 3320 2305 

Est Sales 18371 Prev.Sales 22455 
Prvv. Day Open Hit. 50459 off 494 


3 per yen- 1 poin t equate 5 0400 001 

OQ4450 .003876 Jun 403938 403993 403983 J 

004150 403870 SOP 404004 40401 1 404902 J 

004350 403905 Dec 804030 404030 404024 J 
004160 404070 Mar J 

Est. sales MM Prev.Sales 6235 
Prev. Day Open Int. 17792 OH 145 

5 Per t rone- 1 point equa Is 584001 
.4900 2429 Jul 3856 


1 30400 bd. ft- S per 
22030 0930 Jul 15820 16130 15820 

19750 13550 Sep 15680 14040 15480 

186.10 13780 NOV 15740 15930 15740 

18740 14460 Jan 16040 14330 15970 

19540 15040 MOT 16C20 16640 16420 

17460 15180 May 169.10 149.10 149.10 

18240 J74J0 Jul 17X40 77370 17160 

Est Sales 2835 Prev.Sales 36*2 
Prev. Day Open int 9813 up 19 

31000 lbs.- cents per lb. 

7985 4385 Jul 4430 4423 4225 

7730 63J1 Od 6335 63.40 6270 

7340 4330 Dec 4370 6X42 6236 

7475 4484 Mar 6470 6470 6376 

7040 6520 May 4480 64J0 44.10 

7045 6565 Jul 6490 6540 6460 

4530 4225 Od 4260 6260 4130 

Esi. Soles 4300 Prev. Sates 2273 
Prev. Day Open Int 15874 up 344 

Trade Still Lags 
Below 1980 Level, 
IMF Figures Show 

The Asuxiaiol Press 

WASHINGTON — Although the trade of 
ihe industrial countries spurted forward last 
Year, it still lagged behind the level of 1980, 
according to the latest figures published by the 
International Monetary Fund. 

“Higher levels of domestic activity in the 
industrial world have spurred a strong recovery 
of world trade after four sluggish years,” Man- 
aging Director Jacques de Larosiere said in a 
speech Wednesday. 

The fund separates out the records of 19 
major non-Communist countries, including Ja- 
pan, West Germany, France, Britain, Italy, 
Canada and the United States. Their combined 
imports and exports last year amounted to 
$2524 trillion, up from $2342 trillion in 1983. 

But in 1 980 the total was $2,608 trillion. The 
fund's figures are not adjusted for inflation. If 
they were, they would show an even greater 
decline over the five year period. It is an indica- 
tion that worldwide recovery from the recession 
of the early 1980s is siifl incomplete. 

The United States did $559 billion worth of 
international trade in 1984, according to the 
fund's figures. This compares with $470.4 bil- 
lion in 1983 and $477.8 bOlion in 1980. 

The Fund found a group of 10 rapidly devel- 
oping countries in Asia — including China, 
India and South Korea — to have increased 
their trade considerably, not only over last year 
but over 1980 as well. Their trade was valued at 
about S333 billion last year, compared with 
$300 billion in 1983 and $272 billion in 1980. 

46ib 27* Vartan 26 J U »5 M 3M 3Wb— Vfc 

3*1 ass. 2 SB £ &*2SSE*-Jb 

11 5* V ests# 1200114 155 17 1(4 1W 

46 2S» Vtococn 82 18 19 154 44 43% 44 

77 V» KM VUEPpt IN 112 Utty75to 7S 75Vi + Vx 
86 MW VnBPof 935 112 7UV KJW «JVj Mte 

68 52W VaE pfJ 722 1L9 2BWV 64% 44% 44%— % 

64% 49% VaEP Pf 720 H8 400V 42 M *2 — % 

23 11* VWwye H 7 22% 7Xf» 73*1— % 

78 60M VuknM 280 38 II 30 72% 72M 72% + % 

7Q2S 7125 +86 

6960 71 2D +181 

7TL15 7185 +181 

7130 7235 +134 
7230 7325 +85 

7380 7525 +185 

2780 2720 
2746 3733 

2624 2742 
2637 2587 
2485 2687 

2625 2630 

SI md I Ian- pis of 100 pel. 

9285 87.14 Jun 9281 9287 

9280 86.94 5W 9238 9283 

9248 85.77 Dec 9198 9207 

9129 S660 Mar 9184 9123 

9137 8781 Jun 9187 9187 

9124 *840 Sep 91.19 91.19 

9141 89JB Dec 

9085 8938 Mar 

Est. Sates Prev.Sales 11293 

Prev. Day Oaan lip. 37311 off 574 
S10Q400prIn-pts&32nPsaf lOOad _ 
85-19 70-9 Jun B5 85-8 

84-18 75-1* Sen 83-31 84-5 

83-20 75-14 DOC 82-31 83-4 

32-24 75-14 Mar 83-5 83-10 

82-3 74-30 Jun 

Est . Sates Prev. Sates 8868 

Prev. Dav Open Int. 53.110 off 9*2 
(SPct-notuno-Pte A 32ndsefioo pef> 
77-15 57-20 Jun 73-8 75-15 

76-2 57-K) ten 7+7 7+13 

76- 5 57-8 Dee 73-7 73-16 

73 57-2 Mar 72-13 7321 

77- 7 5+29 Jun 71-23 71-26 

71- 18 56-29 Son 71-4 71-4 

71 36-25 Dec 

73-13 56-27 Mar 69-31 70 

69-16 63-12 Jun 

69- 20 63-4 5ep 69-5 69-5 

69 62-24 Dec 

Elf. Sales Prev. Sates 100846 

Prev. Day Open inL22L222 off 3239 

S100400 prtn- pt» A 3Ms of W0 pet 
73-30 57-17 Jun 73-19 7326 

72+ W-13 s#p 72-5 72-12 

72- 3 59-4 Dec 71-21 71-26 

7V6 58-20 Mar 

70- 37 58-23 Jun 

68-31 65 Sep 

EsL Soles Prev. Seles 1407 

Prev. Dav Open int. 035 up 20 
SI mllllon-PteotlWpc* 

9249 85.30 Jun 9287 9234 

91-79 8540 Sep 9142 9188 

9148 8534 Dec 

9145 8646 Mar 

9045 8643 Jun 

9054 8746 Sen 

B899 8L34 Dec 

Esi. Saws Prev.Sales 259 

Prev. Dav Open Int. 5433 off 21 
SI million-pis ailoa pet. 

9148 82.49 Jun 91.97 9242 

91-39 8443 SeP 9148 9146 

9099 8440 Dec 9043 9090 

9046 86.10 Mar 9X45 7053 

9036 8643 Jun 90.11 9031 

90.13 8748 Sea 8946 89.90 

894* 8748 Omc 

_B947 87.64 Mar 8946 8946 

E 8. Sates Prev.Sales 26,135 

prev. Day Open rnf.I29.S62 off 1139 

9340 9243 

9235 9X40 
9148 93JM 
9144 9143 
9147 9145 
91.19 914J 

02-73 83-3 
82-3 82+ 


75-5 75-12 

7+5 7+11 

73-7 72-13 

72-13 72-18 
71-23 71-25 
7V-1 71-3 

6+31 69-31 

69-1 69-1 

72-18 72-26 
72-3 72-12 

71-21 71-26 


9247 9X32 
9142 91 JO 

91.96 9X00 
9146 7134 
9041 9041 

9043 9X50 
9X11 9X19 

8946 8X93 
8936 8945 


42400 eat* cents Pereal 
7840 6350 Jun 7X75 7240 

7330 6535 Jul 6945 7140 

75-50 6X25 Aue 7X30 7140 

7645 6940 Sep 7130 7240 

77.T0 7140 Od 72J0 7340 

7845 7240 Dec 7150 7535 

Est. Sales Prev.Sales 5481 

Prev. Day Open InL 17.90B off 124 

1 400 bbl.- do liars per bbL _ 

»34 24.10 Jid PS S 27-79 

2957 24-25 Aue 2747 2735 

2950 3448 Sep 2X75 2744 

2950 2445 Oct 2657 2645 

2950 2440 Nov 2655 2672 

2950 2X90 Dec 2635 2645 

2950 2445 Jan 

29.46 2650 Feb 

2945 24.92 Mar 

2945 2452 Apr 

27.96 2692 May 

2740 2575 Sep 

Est. Sates Prev.Sales 2X442 

Prev. Day Ooen int. 5X114 off 20 

Stock indexes 


MlnU undoes Jun 18945 18940 18845 18935 

1M55 16040 5eo 19255 19345 19X35 19245 

19745 17670 Dec 19570 196.15 19S55 19645 

200.75 J9X1D MPT 19930 

Est. Sales 2X938 Prev.Sales 39.102 
Prev. Dav Oeon Int. 66799 off 1423 

points and cants 

21940 17340 Jun 20040 20145 20075 20045 

71230 18SJ5 Sep 20530 20530 205.15 20540 

21340 20040 D«C 20930 

Est. Sates Prev.Sales 2424 

Prev. Dav Open int 7J77aH31 


paints and cents 

11040 9040 Jun 10940 10945 10935 10940 

1)120 9135 S6P 11150 111.95 11145 11145 

115.15 10130 Dee 11X75 11375 11150 11X85 

11730 10930 Mar 11SJS 11575 11538 11545 

Est. Sates 440B Prev.Sales 7460 
Prev. Day Open InL 12334 oft *67 

Paris Commodities 

May 24 


Hies Low Bid Ask area 


Freadi francs per metric Ion 
Aue 1380 1370 1376 1377 +9 

Od 1302 1390 1398 1302 +11 

Dec N.r. N.T. 1,718 1327 + 12 

Mar 1330 7370 1371 1380 + 10 

May 1425 1425 1416 1430 +12 

Aue 1485 1485 I486 1487 + J7 

Est. vat: 1473 tats ot 50 tons. Prev. octual 
sales: 1 384 lots. Open Interest: 17425 


French francs per 108 kg 
May N.T. N.T. — 2475 Unde 

Jly 2J0C X100 — 1110 —10 

See 2480 2465 W 2380 X084 + 15 

Dec N.T. N.T. 1035 2437V! +7 

Mar N.T. N.T. 1035 2445 —5 

May N.T. N.T. — 2445 —10 

JtV N.T. N.T. — 24*5 — U 

Est. voi.: 57 lets of 10 Ians Prev. actual 
sales: 15 lots Open Interest: 681 


Freecb franc a per 108 kg 
MOV N.T. N.T. 2430 

Jly N.T. N.T. 2430 

SeP 2520 2320 2319 

Nov N.T. N.T 2350 

Jen N.T. N.T. 2360 

Mar N.T. N.T. 2355 

MOV N.T. N.T. 2350 

E Si. vol.: 1 1 lots of S tons. Prev, 
64 lets. Open interest: 271 
Source: Bourse Hu Commerce. 

London Metals 

May 24 

SwninB pw metric tw 

86940 87040 87640 

89X00 >9X50 90X00 
sterttog per oMBictaB 
spot 1.18440 1.18540 130340 

forward 1.18X00 I.M94P 130X30 

Sterling per metric ton 
SMt 1,17740 1,17940 1,19340 

forward 1.17X08 1,17940 1.19140 ' 

Asian Commodities 

. May 24 

USA per ounce 

Sterling r* 

29440 29430 29940 
30X58 30140 30450 

■ metric toa 

445040 445540 VffMW < 
440040 -440140 438X00 - 

Higb low Sente Settle 

Jun 31640 31640 31440 ,91640 

Aon N.T. • N.T. S20JB 32048 

Sec N.T. N.T. 32240 32230 

Od N.T. N.T. 32448 42440 

Volume: TOO tote of loo az. . . 


Mdw s lN coats eerfcflo . Source: ap. 

dose .- Pr avtoge .. 

Bid »* Bid • Anl 

Jun 19X75 19425 19540 19530 

Jly — 19X40. 19330 19425 19540 

AUO 19540 19373 19575 19630 

SOP 19740 19840 19X00 19940 

Volume: 21 lals. 

St— unnro' coals per tffo _ 

o 1 1 1 ro < Evil 1 1 1 m r i ti rn 

— Undt 
2455 —10 
2325 +8 

2370 uneh. 
1610 +5 

2300 +5 

2395 +5 

actual soles: 

Commodity Indexes 

92040 f 


Moody'S — fJJ.90 f 

Reuters 1,790.40 

DJ. Futures 121-43 

Com. Research Bureau. 23430 

Moody’s : base 100 : Dec. 31. 1931. 
p - preliminary; ( - final 
Reuters : base 10Q : Sec. 18. 1931. 
Dow Jones : base 100 : Dec. 31. 1974. 

Market Guide 

CBT: Chicago Board of Trade 

CME: CMcoao Mercantile Exchange 

I MM: Intern e t lend Mone t ary Market 

Of CMcoao Mer ct Pitlte E*d»ige 
NYCSCE: New York Cocoa Sugar. Caff— Exchange 

NYCE: New York Cotton Exdime 

COMEX: Cora mod Try Exdtonge. New York 

NYME: New York Mercantile Exchange 

KCBT: Kmsas City Board of Trade 

NYFE: New York Futures Exchanse 

S&P 100 Index Options 

May 24 

Strike Cetera) PotMxrf 

Ptfa JmJty Ae9 So Jus .Hr Aug See 
US — - - - 1716 - H - 

IU W- - - 1/14 H S' It 5(14 

us tb bb ii»t — ’3 % % line 

TS f*l 6te 7k P. % I* IN J, 

I8S IteFtffin l%7i n | 

HO h Ih A A th l 7Vr — 

PS te te 15/14 G. - - — — 

ToM col nfwnt &43Q 
Total oet ntam J iss 
Tew oof 

HWISUO Levant dost t&W* + DM 
Source: CBO£. 

DM Futures Options 

May 24 

w. Gertnon uot-UUni morts cans eer mart 


Con*, softie 

*«t*- Settle 

Price Jim 




30 129 





31 U2 










3* 003 





25 042 






ErtJ mated total wL 1855 

Calls: Tliur. «aL U0 Ope 

Pals : Trujr. re L 1079 open M. JJJ3> 

Source: CME. 

sou) 6S640 48630 48640 48X40 

forward 50050 50140 50140 50248 

TIN (Standard) 

Starling per metric t— 
spot 939000 939540 940X40 940540 

forward 935040 935140 936640 936940 


Sterllna per metric tea 
spot 63140 63100 64240 64440 

forward 64X00 64440 65130 tec 

Source: AP. 

Venezuela Says 
Debt Will Decline 

CARACUS — Venezuela's pub- 
lic-sector foreign debt will decline 
to $21.1 billion in Deoember 1989 
from $26.4 million at the end of 
1984 under terms of a rescheduling 
agreement to be signed later this 
year, according to Jorge Marcano, 
the director of public credit. 

Last week, Venezuela's bank ad- 
visory committee gave final ap- 
proval to a plan for rescheduling 
virtually ail of the public debt over 
12^ years at I ^ percent over Lon- 
don interbank rates. 

Mr. Marcano said Thursday that 
the plan for reduction of the overall 
debt takes into account $3 J billion 
of new loans that Venezuela plans 
to draw from multilateral lending 

institutions over the next four 

Bid . Ask 
RSS 1 Jon— 16940 16930 
RS5 1 JlY_ 16940 1693D 

RSS2Jun_ 16730 16850 - 

RSS 3 Jim — 16530 16630 

RSS 4 Jun — 16130 16330 

RSS 5 Jun— 15X50 15830 

Moleyitaa rtepota par 25 teas 

Bid AA 

Jun 1319 7400 

Jly UiO . 1310 

Aua II... 1490 1,140 

Sep 1470 1,120 

Oct 1450 1490 

Nov 1430 147B- 

Jan 1420 1460 

Mar 1420 1460 

May 1420 •- 1460 

volume: 0 lots of 25 ions. 
Source: Reuters. 

17030 17140 
17X25 - 17073 
16830 16930 
16X5* 16738 
16230 16430 

13730 75930- 

86 d AM- 

1400 1420 

1.180 1410 

1.110 14H) 

1490 1,130 

1480 lhlfl 
1460 1490 

1440 1470 

1440. 1470 
1430 1460 

Dividends May 24 



Ca mmu nffy Psych 

Reuse Co — 2-far-l 




Page 17 



j |pTs Capital Spending 

■* * ^ 


3 Total $ 9 Billion in ’85 


'* * United Press International 

I-. 'S 

S.TR.01T — The ^Birman of 
;|^ral Motors Cosp^ Roger B. 

said Friday that GM 
* V.ed worldwide capital expeo- 
12 approaching $9 billion in 
could became “the fore- 


* sy devdoper of technology in 
* ^ ‘ _ ,jj ^uuT with its new interests. 

■ .? " t - -i *.L* fcofGM , sbu^«swSf^^ 
; ‘ £ :*.■» ' ;; ' ^ is;«on»tive transponation and 

. '■ ‘ ■ b ftilu rfflsfwl artivitiac ** kilr 

&ir. f 

* £ penck Steel Firm 


J jj : j Russian Order 

'* Uu n 


; J «% -MOSCOW— Usinor, the go- 
- ’* mraeat-owned French steel 

£ttnpany, has signed a prdinu- 
" reemcni to supply Rus- 
steel products worth 4 

* a^Hion francs ($423 nnlHon), 
‘si dot’s managing director, 

;» ^%jsd 6 Loubert, said Friday. 
jrrMr. Loabcrt said the contract 

* -^fisfar 1.5 milli on tons of sted 
‘'■Vodocts, primarily steel pipes 

jt Russian gas pipelines. The 
Spes are for 1986-87 defiveiy- 
Hher products in the order in- 
steel plate, Mr. Loubert 

f - K 

* p ‘- 

foyd’s Faces 

■ «-* A,*.. 



*n» .!*n 


l! febellion 



7* v- lH;r. 

*1 i Ter* 

r '«». 

1 ,r ' ‘*£ V'^Canrinoed from Page 1$) 

■'v'C. fc 6 ;<bowever, argue that they are a 
•"V ^efial case and believe that Y 
vojnffs does not act, the steady 
' * Jpply of rich and famous people 

epared to take the financial ask 
* becoming a Lloyd’s underwriter 

i , ^..dryop. 

a^obody should become ament- 

jr until this is sorted out,” add 

ie of the syndicate investors, 
rith Whitten, a London manage- 
ent consultant who faces a loss of 
35,000. ‘ 







The two syndicates involved are 
anaged by Richard Beckett Un- 
*^triting Agencies, a subsidiary 
«&iet HafdmgsPLC a London- 
tsed insurance brokerage. 

In 1982, Minet discovered that 
51 million of the syndicates’ funds 
.•portedly had been misappropri- 
ted by two top executives. U even- 
ually recovered S32 mflBon, largc- 
j through a return of reinsurance 
•rexmums, and settled with sryndi- 
aie members, agreeing' to make up 
he bulk of the remaning $19 rat- 

The settlement was conditioned, 
lowever, on the members pramis- 
ng not to sue Minet uf the Richard 
iedteit agencies for any additional 
osses that might occur. But a 
joup of “names” are studying the 
"xwsibQity of suing Minet, despite 
he agreement. 

Recovery of the reinsurance pre- 
miums meant that' for the most 
5 art. there was no reinsurance and 
o when chains came in an the 
•* -*'jcs the members had to bear 

The claims 


ial, mainly from United States 
'tc^uci liability cases against in- 
' us trial companies by families of 
^3 jfraer eraptoyees who had con- 
acted asbestoas and. from casts 

* if- useef in*the war. The 

- ackett agencies assess the poten- 
:.l jiloss at S165 mflHon over a 20- 
■ '.7 1- ar period. . 

'J.S. Budget 

, rtl 

*■ afi 


^(Coatnned from Page 15) 

: £ GNP, which is cnrrently run- 
ig at about S3^ triffiem, is pro- 
red to rise- to S4.199 trillion in 
i^istsd year 1 986, $4^55 1. trillion 

i%7 arid $4,922 trillion in 1988. 




; V 

the level of euts proposed 
Congress, the deficits in the next 
cc years would run at 5 j per- 
d, 5.4 percent and 5 percent of 
5 P . — with, in aH ukchhood. 


effects on . the nation’s 
de "balance, the dollar, interest 
es, and the national and worid 
mcany- . ■/ , . . .... 
H the cuts now proposed by the 
was are enacted, thosedefiats in 

: S*3 

Tyn to GNP. wtwld be brought 


; jiitS 

•i 7 « 

4.1 pensttit. 16 percent 
3 2 J> perc en t, using the optiniis- 
admimstoation assumptions 
ijfct die eccaHHuy and military 
s» and to 4^ percent, 3.9 percent 
1^35 paced, asing the less fat- 
■dble CbnpesskHuu Budget Of- 
^assumptrats.; . . 

While these deficit cuts may be 
sped less than ideal, they should 
jrove prospects for the nation’s 
ce stability,' interest rates and 

moonc grwA;. • 

cuts be en- 

liiouse or to'the 
vSn the widedigarirics between 
Vuse and Senate rcsohitinns, tt 
^stikeatoo^ibatfc - • 

M^rly related activities,” Mr. 

r , ^.^hidd the annual stodcholdcrs 
• GM headqnartere. “I 

i S.l know any place else we can 
: j i $84 balHan m sales and 
’* ' i «':lriIlioo in profit, as we did last 

•i .'* ’J «v* 

' ^ ^lu^tfae paint is,” he said, ^ 
” ' our complex prodocts. 

we find that we can generate prod- 
ucts and processes that have poten- 
tial new business growth rates 
many fiin« mqr fe pi»n we can 
achieve in the azrtrancAnle industry 
at tins stage of its development 
“With our new and expanded 
interests in Ugh tech, GM could 
become the -foremost devdoper of 
technology in the land," Mr. South 

The $9-fcdHion figure, the chair- 
man said, would represent tbe seo- 

" in 

stock feD % to 39% in trading 

GM fastcay.“and ram of the 
mvestments we can mrice in the 

- He pomted to the acquisition of 
miti nm y ownership, of .four m&- 
drine -vaion mrepanjes and an ar- 

tificial inteffigence concern as 

among GMs notable advances in 
the hi^tedi'area last' year. Anoth- 
er major milestone last year, he 
sad, was GM^s aBiancewntb Eleo- 
trordc Data Systems. ; 

Tin* dtairinan.-also noted thqt 
GM has a number erf significant 
new plants and products under 
way, mcbding advancing Saturn 
Cbrp. from a “craiapt'tba corpo- 
ration. - . ■ . 

Construction of it 533-billion, 

Wgh-tecb assembly complex for Expects Drop in Sales 
GMs proposed Saturn small car * r 

has becoroe one of tbe most sought- Roam 

after industrial projects in the TOKYO — Mitsubishi Heavy 
United Stales. - . Industries Ltd. expects parent com- 

A^red about the ongoing ate sc- pany sales to fall ll percent for tbe 
lection process, Mr. Snath said, year ending March 31, 1986. 

“We are not pitting state against Shozo Smizn, a vice 
states” projected that sales in 

GM stock closed Friday at “ 

Cuts Ftbro Stake 

New Yurt Tones Sendee 

. NEW YORK — Minerals & 
Resources Corp. of Hamilton, 
Bennnda, says it plans to dis- 
pose of 10 million shares of Phi- 
bro-Salomon Inc. slock, cur- 
rently valued at about $400 
million 35 part of its plan to 
redeploy its assets. 

The sale would reduce the 
mining company’s s take in Phi- 
bro- Salomon to about 143 per- 
cent of the 145 million shares 

cent. But Minerals & Resources 
would remain the largest share- 
holder in Phibro-Salomon. 

The shares are to be sold in 
the open market, subject to 
marker conditions, through a 
syndicate led by Salomon 
Brothers Inc. Phibro-Satomon 

Friday on tbe New York 

Exchange. Minerals ft Re- 
sources said it would gain sig- 
nificant capital from the sale of 
Phibro-Salomon stock, and 
ehwriTiri that into “new in- 
vestment areas.” 

Chairman of FCA Predicts 
A Loss for the 2d Quarter 

The Associated Press 

NEW YORK — Financial Corp. 
of America probably will lose mon- 
ey in the current quarter but may 
beprofitablem the last half of the 
year if interest rates go no higher, 
its nbflirman said Friday. 

William J. Popqoy, who took 
over as dminiwn and chief execu- 
tive of the thrift in August, also 
said the deposit outflow at its 
American Savings ft Loan Associa- 
tion subsidiary appeared to have 
been halted this month. 

Mr. Popqoy said withdrawals 
exceeded deposits by .about $15 
bOlion in tbe first four months of 
the year, but added: “We are In the 
blade for tbe month of May.” 

> American Savings, based in 
Stockton, California, ranked first 
in the United States in teams of 
deposits at the end of 1984 at $203 

hfnirr n 

don this year to increase in similar 
proportions to 1984, according to 
the management board chairman, 
Eberhard von K tinhorn. Last year, 

- *fy tar M 

second-quarter loss might beJJut Uon Deuischernarks ($1.07 mil- 

Bayerische Motoren Werke AG fense Dq>artment said. It said that million) in the fiscal year that end- 
expecis volume, sales and prodne- two of the planes would be sold to ed in March. This compares with a 
— ,_5 " ’ ’ ' “ and one to Egypt h also 




he said there was a “goodpossfoOi 
ty” even at current interest rates 

that the 
profit in the 
even better 
would be 

y could post a 
quarter and “an 

that it 
!e in' the fourth 

lion), from 288 million DM in 

Blue Circle Industries PLC has 
signed contracts to buy Adamic 
Cement Co. from Newmont Min- 
ing Corp. for $145 million, follow- 

ing government approvals in the 

He told tbe analysts that the United States. Blue Circle said The 
company would be able to post a agreement is scheduled to be con- 
st current levels of interest eluded next Wednesday. 

Speaking to securities analysts at 
a luncheon, Mr. Popejoy declined 

rates because it had reduced its 
operating expenses ty about 20 
percent and cut its work force by 30 

Financial Corp. of America had 
a loss of $38.1 millio n in the first 
three months of 1985, and Mr. Po- 
pejoy said be doubted the company 

would post a full-year profit with- 
out a sharp decline in interest rates. 

Mr. Popejoy took over as chair- 
man last summer succeeding 
Charles W. Knapp, 

Broken H31 Pty. is seeking more 
U.S. shareholders in order to 
broaden the market for its stock, 
tbe managin g director, Brian Lo- 
ton, said. BHP warns U.S. invest- 
ment in its capitalization of about 
$63 billion to increase to around 
10 percent from 1 percent at pre- 
sent, he said. 

Grumman Corpus Grumman 
Aerospace Corp. woo three U3. 
Navy contracts evaluated at $125 
million for production of nine 
Er2C surveillance aircraft, the De- 

Co.’s Boeing Military 
had received S57.'S 
ion from the air force for B-1B 
aircraft spare parts. 

Hunont Inc. of the United Stales 
and Metro Co. of Thailand have 
agreed to set up a joint venture 
worth 3 billion baht ($1092 mil- 
lion) to produce 100.000 tons of 
polypropylene a year in Thailand. 
Metro said. The new venture will 
begin producing polypropylene in 

Mritunetfia Inc. has been or- 
dered to suspend a restructuring 
move, following a court challenge 
by Jack Kent Cooke, a Washington 
lawyer whose bids for the company 
have been turned down. Ajudge in 
Greenville, North Carolina, signed 
an order temporarily preventing 
the company from carrying out a 
recapitalization plan that, Mr. 
Cooke said, would be less advanta- 
geous to Multimedia shareholders 
than his offer of $65 a share. 

net profit of £136 million the pre- 
vious year. Peerless attributed the 
expected loss to problems with its 
Headway distribution and market- 
ing subsidiaries. 

SheQer-Globe Corp. said it has 
agreed in principle to form a joint 
venture with Ryobi Ltd. of Tokyo 
to make precision die castings in 
the United Slates. It said a plant 
for the venture would be located 
near major automakers in the Mid- 
west, and would initially produce 
large transmission casings for auto- 
motive use. Terms were not imme- 
diately available. 

Peerless PLC said it would prob- 
ably show a net. unaudited group 
loss of about £1.3 million ($1.64 

Woohronh Holdings PLC said it 
is raising about £1432 million 
($1802 million) of 8^-percem con- 
vertible unsecured loan stock, dat- 
ed 2000, through an underwritten 
rights issue at par of £1463 million 
in nominal value. Under the terms. 
£17 of convertible loan stock can 
be exchanged for 10 ordinary 
shares. Wool worth said the con- 
vertible loan stock is also being 
offered to holders of the company's 
1 1-percent convertible unsecured 
loan slock. 


$70,125 a share on the New 
Stock Exchange,' down 623 cents. 

would be 1.8 trillion yea ($72 bfl- 

lion), down from 2 ; 

ithe year 



Quotations Supplied by Funds Listed 
24 May 1985 

ml i 

funis ' 

as shown below nr* supplied by the FmdsHsted with Urn 

i eostas are based oa issue prices. Tb* faltowNg 

maralMl symbols Indicate fronmev sf quotations supplied for Ms UfT: 
W)-emW; W-woo W T; W-bUmnlWr; (rt-rt— l art y; 0 >-TrraBotnrty. 


rwJAUMOf Trust iA 



s 75tS3— jwj Muntcunroncv- 

I) Oonbqr- 

=ai Eqdlbasr America . 
—Ml r 
— 2 o ^ i 


I Stockbar. 

. . Dollar /.Udkiffl Term 
cc me — (w) Dollar Lens Term — 
A F iS — JOHnwYM- 


!!ifg33 SIS 

1 1034 

— td > Asian Grown FoncL 
— (w) Dlvtrbeul. 


PB83S7B, Tin Hwuc (1001 4000 
—Id I Bow 0 bI bm Ha m 1 1 

FI F— Europe. 
FIF— Podffc. 

indeaun Mnmmds A- 

S 1 HB 9 

SF 83 JH PARI 50 A 5 — GROUP 
*19.47 -4d I Cartoxa Infaundtoocil 

*1X52 — (w) 

S1&67 — (wl OBLJGESriOK 
S91J5 — IwlOBU-DOLI 



— td 
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BRJTANNIAPOB 77L St. HoBor. Jersey 
— 4wl BrtfcDpflar Income loss 

’ BrIliManoo.CWT, — ^ — — *M7 _<d I PAR US TrsasorV 




— fdlBrtt. intLSMandsuwtf— SUMO 


— (or) BritUnlvtnal Growttv— S1JIT4 -Hurt RBC ConoAoi Fund IN- (1132 

— (wl BrlLGoM Rial S (UB1 -Hw] RBC Far EasnPadflc Fd_ S1051* 

— tM»1 BrtUtaiOO.CarTBBCV_. — - tlAIS -W*0 RBC Wl CodW S2RSB* 

' ----- saw -Hw) RBC Inti InaHm Fd S1U3 

EtLTTT* -Hd ) RBC MaiCorrincir Fd— _ J23JO 

SLni -hwi RBC N erik Anar. FeC S9 M 

* ftJ46 5KAND1FOND 1 NTL FU ND 144-B -HaW^ 

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— <w) Inc; Bid SS.17- Offsr. 

SJ7ZI — {wJActi: Bid SS.T7 Offer. 



Ml Acnws SMIIMIH . . 5F3S&75 — (6 ) 5HB Band I 


I Bond Volar 5wf_ 

DM 10074 

wl Shb ini Grown Fund. 




idSiSSSivSnf umouTr. S1«^ —id 1 Dollar Band S oWcffen SDBA4 

Srtectlen^ FLJZUS 

— (d » CS Foods— Bonds_„ — SF7L50 “*2 j ■ ■ SF 7US 

— td 1 cs Fando IwW SF mn 

— td)CS Monov Market Fund—. S 1061 JO 

— id)<SMaiHiyMart 0 FtHid OfSjSiSo — <4 

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— Id J Brwndo-Voior. 
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Swtnvolor Now Sorlos- 5F31&7S 
SFsnsa — (d S Uatvorsal BandSoWct.— SFftSJS 
IfSS —Id 1 Unlwtsol Rm dL SF 122.73 

“SI M I Van Bawl IT I 

-—f^d jQoMantni. 

1 lot* Rantanfand. 

—Cm) DAH 

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— <m) Cunr«aev& Gold Pool— aSTKjl — 
— (m) Winch. UWFUL Pool — S4U06 — 
—fin) Trans World Fot Pool, SSS1A7 — 

— IdlYonBondSokKtloii YllOlLOO 


d J Amen U J. Sh SF41^ 

Bond-Invast. SF4B2S 

Fown Swiss 50. - SF14A5D 

Japan- U ms>_ SFMaoa 

-iSaflt South Air, StL SFJ18JO 

a ) Simo (stock price) 5F1WJ0 




— {dIUnirenfa DM44J0 


LLounmc* PoontvHUl, EC4.0V42S-46M — (dJunPrak- OM7i« 

— |w) FIC Atlantic— . S113I — IdlUNIZINS DM 1)145 

— Iw) FLCOrtentoi— 

* )CkJ9 

Other Funds 


— |ml American VdWK Coratnoo- IKS? 



— Id 

oU Airnr V oitm CunxPrel — SWL58 

w) AcHbends Imostmanto FwxL *71X9 

w) Acthras) inti siLO 

im) Allied Lid . S_33# 

Amw.jMeph p tun 


MrOhcovarv Fund 
JBv CMr.Svse.TrH 

|w) AnullaTrrternntlonal Fund_ S 127.W 
Arad FI nonce UP, *178.97 

Arlanr.... S 1 JTl.ra 

(wl Tnafcor Inh Fd. (AE1F)__ SIOflB 

Iffy im\ Fund. 

Iw) Bondeofax-lBsw PrJH 
Iml Canada Gtd-MoriDaae 
i(d 1 Capital Prea erv. Fd. If 
(w) Citadel Funded 

London Aopnl n-dVGOU 

iGoMlocame. . .... *7AS* 

iraMtoroMm -TT. Ull 
) Ooner tecoaiojj IMS* 

-v. BUB 


— Iml.ilniiMte TrocHnc- 

twi Convert. Fd. Inn A Cem IW 

|w| COnyert. Fd. inti B 


Iw) Eoetlnvesfanenl Fun 

. — IwJ Scottish WOrtd.Fond.. 

I State St American. 





pb 119, » Pelor Port Guernsey. 001-21715 

toil FuturOAMSA S110J7 

. inti GAMArMtraoe Inc S1ZIJ7 

iwVGAMeriCn lnC_ SU&38 

Iw) GAM Boston Inc. S1UA2 

a GAM Ermttooo -S UBS 




d) D. Witter Wld Wide IvtTjt — .... 
b I Drokkar UivasLFund K.v_ J1.148J1 
d > Dreyfus America Fund — — S19i© 

Id I DrerlUe Fuad Inti S3R3B 

(wl Dreylrn Intomntinanl 53SJ2 

lw) Tho EstatMstuneni Trust *U 

Si IfigaUigg 

fb) Fifty Start LM SUL 

Rnsburv Group LM S11 

(wi Fixed Income Trora • ST 

(w> Ftawetax Issue Pr— — — SFZli 
(wi Farexfund i — — ,_*J 

(dj GAM Inlwnationai ■ 
cw) CAM North America i 

<wl GAM H. America OnltTnBt. lOUBo 

I *> gam pacific me sii4A5 

iw) QAM Start, t, hm Unft Trust. 133 JO p 

iwi Formula selectlaa 

Id > Fond Holla 

(d ) Govemm. Sec. Fund»l 
Id I Fronld-Truet wjrini 

Iwl Houssnwnn H ldas. N.V 
iw) Hostla FundL^^^H 

Ira) GAMSvsteaa Inc 

lw) GAM WorideMHne- 

(nt GAM TVdio SJL doss J 

S 14071 

(wi Horiz on Fund. 


I Ltd. 


I C.T. A mum fcUnct— S15d3 

1 Q.T. Altaredlss - S 2521 

GlT. Bond Fund, . .. *1063 

ir > InriBHH 
(d ) investe 
tawinwesi AHanttanes 

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BNP Inlartnnd F=und s * Wg 

,d ] CJJL Australia Fund 
d } CJJL Japan Fund. 

St ta 

m) Clay lend Offshore Fd szanjB 

w) Cota mbln Securities PL 11 A 7 S 

' ] COMET E_ 


I sms® 

1 1 LA Inti Gold 
i Interfund SAl 

mterniorkat Fund 

I Itotfortuoe mn Funds 

l Jooan Saiactlon Fund . 

f JgPCTi PgflcFmd. 

Tm) Jeffer PtruL Inti. Lia__ 
(d) Kletawort Benson Inti I 
(wl Kielnwort Bens. job. Fc 
(wlJCoroaGrawlb Trust — 
Id ) Lelcom Fund.^^^H 

,wl Lavorm Cop Hold 

(m) MwAKrtund N.V— ■— S 172J7 
d 1 MFtiotadura sac Fd— ...... 

lb) Meteor*. 

’a) Nlkko Growth Packaoo Fd 
(wl Nippon Fun ‘ 

S 943557 


NovTdaclDvesTmant Fund — S 


NSF FJ.T ______ 515771 

id) Podflc Horizon 


iml 1 

[Wl PANCURRi lne_ 


— sijem^ 

Parian Sw.R Est Genova 

Formal Valuo Fund M.V- 


PSCO Fund tLV 


inn Fond. 

- S12SC73 
. SWW.W 
_ S 17177 


QaattaNaFund N.V.__2T 

— F und N.V. 



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LFU — 

Reservo insured Deposits- BI 

fwi SflfIKlfBl POrt fOn ft o MMMWM 

sa/fedi. SA Linw m beur B — SIC 

S»3iS^b 53 HdSSStv* s I 

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' UNI Bond Rmd ST 



Id 1 World Fund SA 


j W — jitartjt bf .4-.UBWwn Francs; FL — toM* Jg**L LF wd 
UwwtdMtrtJ FrenraiiF —Swiss Francs; o— Mkod; +— Oti*r Prtcos.-b -r DM 

change P./ VTlS'laSjl pyiMR.- NA — WotAvoHafert^ jLC—N otQPtVTiWitotarijq-— 
New; S— sosoendem&'S — anefi Spin; * — ex-oiywena; “ — E*- Rg: r* 
Gross Porionoaoce ln£ax-Anril: ■ — RodemphPriqr Ex-Counoo; p-^Fonnw1jr 

Worldwide Fund Ud; 9 — Offer Price hid. 3% oroflm. chorpei 
eriaosoa Aimmowatedc Exdwnso 




M The TASIS Schools 

1 ^^■ETr n i»r-4 3:li I.'.* 

gfearr'y 'f iiftiiBl 

American Education 

in Europe with an International Dimension 


Institut Le Rosey 

1180 RoUe (on lake Geneva) 
Switzeriand Tel: 021 75 15 37 
SUMMER CAMP in SwitteHawT 

For Boys and pits 9 - 16yn. from 7th July to 10th August. 

Beautiful mediaeval chateau, parkland, lakeside facilities. 
French, Kngtigh, Computer courses 
15 Spoils to choose from. 

Leisure and excursion programs. 

Optional Computer Camp of Tour of France. 

For details write to the above address ■ or teL: 021 75 15 37. 


tatomotionci boyi boarding school with rigorous' U 5 . aoflage 
propandory program tor Americans. Grades SI 2 (Sepando 
seniors for French, Garmon and IftAon^peatdng stadent^- 
Thorowgh practice of modem longuoge*. Kghtyquotfad Am erioan 
faculty. AfHate member National Association of Independent 
Schools. Cortege Board*, [deafly located at 3,000 feet above sea 
level, m oeidrd Switzerland. 45 niniles from Zurich and Lucerne. Art 
sports, exooBent ski fadEliH. Travel Workshop during spring 
vacation. Language Program in July and August. 

Writ* D«an of the Anwrkan School, tndtitvt Montana 
6316 Zu gor b sr g, Swtaodand 


American School of Mallorca 


• Accredited by te Mjddte States Asm. • Certified by ihe D.OD. System tor US 
Gowi. persomet m A u dwrtsed by fce Spanish Minislry of Education. • Btmnl ng 7 - 
12 A day R >1 2 • The only school offering a pro-engtaoering sequence along wflh 
top collage prop. •Notable record of college ndmlss iows •Specific learning 
rflsaUEty end ESl progmfti that yield excellent result. 

— : TH_z 675850/51 - TBEX 69651 AM 5 C E 


— Open all year round — all levels 
— Small groups — max. 5 students 
— Open to pupils of all races, 
religions and nationalities 

For detailed information apply to: 





Grey lands Internalional College, Brembridge, Isle of 
Wi^ii, UK, offers English courses from elementary to 
advanced from 15th July to 1st September. Expert 
tuition, superb grounds, own beach, dinghy sailing and 
windsurfing no extra charge. Fees inc. accommodation 
and 3 meals per day £875 for full course hr shorter at 
£170 per week. Other courses inc. photography, film 
and video, art and art history, computers. 

Write or call transfer UK {area code 983) 
872871/874361/872847 or until 1st June 
Geneva 582180 or 763318 ask for J. Schiewe. 



(Founded 1886 ) 

Indepeudviil Bojrdinp and Da\ School for Girl*. 

tmmuiiouaj. Summer School fur Girt*. 7 - 16. and Bora 7 ■ 10 yank. 

TTfc- school u internal ionai in outlook, and iherr L» specialised tuition in 
Englteh at a sound lan&ua^t thimsimul the year. 
ThesiiiiTarvhipWy'i|ituirW.dnd thrre wauiilcningeorsubjecisai both A 

and 0 kids. 

Study bedroom,, for Srclh Forms 

The school is situated near the Leach, bul stands 100 feet above sea level. 

Full details from ike Headmistress, 

Sand Ear s free c^py of die 


Write twRwmiw Cl fe nB ut , Imenatieml HcnM Tribnuc. 
lAl Av«me QaritodfrGiiidlc!, 92S21 Neutlly Cedes, France 





School year ckvlt 
August 26, 1985 


Uriirats l ty praperatory, gratia* 8 - 13 , 
CBati, boating, smed 
Fsmh nt unkwky aeeaptaneas. 
IndMduoflzad taoc N ng 
in coring, Corafly crimosplwro. 

All iptals and 
canricutum-ralatod tous. 

Write: 1854 (W) Leysm, 
SsritzoriandL - 
T«U 025/34 13 61 
T«Uau 456 166 TOUCH 


To become 


• Top level training 
• StctooMhfrort Technology 
• Three year course. EngEsh-Prench 

Acadfemie d'Art Dentaire 

197 route du Mandemeni 
1242 Satigny Switzerland 
Tel. 022/531953 




For hnfemallon regardng 
t authorized under 


Fodoral law to enroll 

In the 

i oflen snjdents 

Stanley H. Kaplan 
Educations! Center Ltd. 

131 West 56 Street . 
New Vbric.N.Y 10019 ' 

Per ma nent Centura In More 
Than 125 MBtor US Cities 
Puerto Rico A^ranta Canada 

Where Success is Contagious 

For the Learning Disabled. 
With the warmth, support and 
tofonna] but structured learning 
environment needed, hi Ver- 
mont’s Green Mountains. 

Pine Ridge School 

1075 Wlllston Road 
Wllteton. VT 05495 
(802) 434-2161 



ello motl 
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dram hofldqriway tram tits tally Owe BO 
satiate to choose frara. compuar 

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iMtetentintariiook » tbdto c# Ml ratidcncU 

ampswteetttrtetitiML (KaAcHj.VMi 

or’ p lico s far hmdi — TPswGulJa. 


B Wte s Sfc , Oslunli wwrCiaitri4 |a«hku . 
TUifiMOW 5 ffl 3 0 *ln) 

Member of the American Assembly of 
Collegiate Schools of Business 

People ore a better investment than machines 
That is why the undergraduate and graduate school of the 

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offers you: 

• courses in small groups • an individual follow-up of the 
students • a busin ess ex p eri e nc e d academic team 
• accelerated progress by means of .summer semesters 

Career oriented undergraduate and graduate programs in a variety of held} 
from business administration, information systems and economics ho hotel 
ad mb elra tion and European languages. 

Fur mhrteatan und npptcorion conkid rfif odnmctn oftar 
Bel giu m : 

Atevmrp Antakdte I 3 t B 20 D 0 An(»np -Tul {* 32 U. 23 D 10 B 3 and i * 3213 21801 87 
Count! in DtOch at Engbli 

Bnmefc fejn koyale 30 ; B-KDOBniwh . Td 1 1 32 )Z ‘21724 29 
ceuna »i Fwndi or EngkA 

Momraua ■ Oond-ft® 42 , CH 1820 tkrnm V [* 4 ini'b 311 67 
couna m Fiench or Engfah 


A coeducational American boarding school in Europe's mast 
beautiful city. Grades 8 to 12 plus R G. Highest academic 
standards. College preparatory and advanced placemen! courses. 
Extensive travel, skiing and cultural programs. 

For catalog write: SIPS. Moaum IOCkc a- 5020 SaJzbuig. AUSTRIA 
TeL 1662)44485 & 465 II 




Mora than 3 million students in 33 years 
146 institutes in 66 countries 

e. g. PALERMO, TeL 261 262 
ZAGftffi, Tel. 518877 
KALKUITA, TeL 479398 

15 in s titutes in the Federal Republic erf Germany 

For detailed information: 


ZewlrarfvoTw al tunfl 

lenbadipiatz 3 
D -8000 Munchen 2 
TeL (O) 89-5999-200 
Telex: 522940 







• Business Administration 

■ Economics 

• Engineering 

• Education 

Send a brief resume detailing your background and your 

• Bachelors 

• Mast era 

• Doctoral Programs 

• Many other fields 

*PSU. is Authorized by The California Department of Education 
m P-5.U. is a Member of N AS. AC U. Washington. D C 


ffl adm atdkfySc surmuncSngs near Monte Carlo. 

Cap dM a haM ram efftn a nmge el fomk ad pmem 

enperienoE. Wmever your 

i is » your pnatoorai « oterd rads. Sns* groups 4 , 8 or 
12-waak smihk Mng aodi roonfc. Comtte fejMS end tenay 
at eMdobb to Buderfc supenaad by a pre fem x. 

■Kt 1954 Brottete vflh enttasrt fes, atone or w* board ad bdgtfg; 

0633D Cm d*A3 ffrancek 

Tel.: (93) 78.21. 59? Tetex: CEMH346I 792 F 


You can, through Ihe ‘TOTAL APPROACH" to French 
a unique 4-wedk program on the Riviera 

WMt 2 iMeis, m hmIi 

ONW in nmcK- My &aw7«) 

•girrar 1 tc 

far sdhte 6 bviki tram baepi 

_ MteUiri tesBn 

H of >wmm* M mym i m m h *• tebdh* 

.23 Ate. Gteu-bdan; 06230 VMriraSTMar. T«L- 

of f raidt im teWk. 






E rikfa>& 


Tables include the nationwide prices 
up to the dosing on Wall Street 
and do not reflect late trades elsewhere. 

I in The .Associated Press 

High Low Much 

Sts. Qim 

Dtv. YkLPE UBS HKH1 Lm» QuaLOlW 

U Nth fit Cwbtii 

ft 13 4te Gnrtnw 

ft im 8 ft crdCh 

th ifih im CHCdo 
“ft m zflh Oltstr 

14 M 296k 39th 29th 

12 7 10Vh IMh loth 

flbUll I lit* Ute nth 

_S2 SOAtxTO 13th 73ft 

AD 12 14 US 34% 34th 3Aft 

to im Matts jo u a i nw nth to , 
■fij HhMtMad 17 M fi* fih «*-+*■ 

Wh Mmom. i nt h fife + th 

» 3H Mania 2 » lit »— ft 

«h MMMMr <71 8. Wh t, +th 

» JhMosewt 7 fc J jt 

loth 7ft Mnrln M 23 M U 1» 1» IM + lt 

46 TO 

2 a l 

<1 174 15ft 

■ ft 

w n Uft 
w 9 nft 

17 7SB 47te 
5 60 fih 

IV 9 US* 
V 7 IS 
IN Ah 
TO 23 » 
17 H » 
7 45 nft 

« TO 

200r 3366 

‘ ^ ’* 
v u m 

25 Vft 

lAft Kn 
7ft I + ft 

13ft IM 4 Ih 
ft ft + ft 
Hti 15ft 4 ft 
to im + w 

AJft -47ft 4- IV 

Sft Sft + ft 

Hh Ah. 

12ft 12ft + ft 
2ft 2ft 4- th 

nth m 

15ft M + ft 
23ft 33ft— IW 

Sft Sft + ft 

vn vft + ft 


29ft I CM as 
4ft ICO 
Aft iRTCan 
lft imoGo .lla 
766 implnd 
35ft inwOUS IN 
Sft inflow _ 
16th I natron JO 
m rnsfSr 

2ft InsSyof asi 
Aft IntCTyo AD 
lift Intmk 42 
Sft IntBknf 
ft infBkwt 
Aft IntHvd 
1ft intPrat 
A intThrn 
A InThrpf 
17ft ionics 
18ft IraqBrd 
2ft Isatv OS 

IN 92 
77 Aft 

*3 1 H£ 

a ift 

36 37ft 
20 10ft 
A 27ft 
220 Ift 
20 2ft 

50 TO 
776 Sft 
IM 1 
ID Ift 
A 2ft 
857 7 

148 7 

7 30ft 
144 Nft 
IB 3ft 

to to +i 

1ft 1ft 
27th 37ft + ft 
Tffih Uft— ft 
27ft 27ft 
7ft Ift— ft 
2ft 2ft 
IM Uft + ft 

Uft 12ft 

3 2th 4te 
Atb 7 + te 
Aft 7 4- ft 

301* 30ft— ft 
3Bft Nft -H 
3ft 3U 

22ft 14ft Oakwd jOSfa 
14ft 4ft Odrifli 
20* 17ft OUafnd 40 1 
22 TO owns 04 1 
7ft 3ft Openha JDSo 
0 Sft OrtoiHA .15 
7ft Sft OrMHB 30 
Oft Ah OxHdF AZt 

n 7* onrkH aa 

IN IS 17ft- IS 4- ft 
3 lift lift lift— .ft 
AxIVft l*ft WH + te 
M 22 Nft 21ft— ft 
■ Aft A A 
3 Sft Sft Sft— ft 
1 fib Sft Sft 
9 lift lift lift 4 ft 
2A4X 9ft Sft Sft + ft 

17ft 12 Joctyn Job 34 9 
7ft Sft Jacobs 

Sft Sft JotAm A 

2 ft JatAwt 

Bft 4* Johan AH 44 15 

Aft 2ft JohnPd 

lift 7ft JahnAm JO II M 

lift Sft Joftnind 3 

7ft Sft JmpJk n 3 

33ft 22 Jupiter IS 

Dte. Yltl M WLfiSiK 


b im lift TO 4- w 

AMEX Highs-Lows 


Currency Options 

4ft 2ft UNA W Sft 3ft 2ft— th 

5ft 2 USRIltd 12 2ft 2M 2ft 

Mft Bft Ultnite 10 TOO 13ft 13 Uft— th 

ft ft umearp 7 NO ft ft ft 

15ft lift Uni CP pi J5 54 51 U TO 14 

lift Sft Unhnrn Jim 02 991 lift 10ft lift + ft 

21 14ft UAIrPd .5*25 10 2 TO TO TO— ft 

V 29ft 2Sft 2Sft 4- ft 

IT Aft Aft 
8 3ft 3ft 
S2 151h lift 
17 18ft IB 
13 3ft Sft 
7 Uft Uft 
222 46ft 44 
4 7ft 7ft 
12 4ft 4th 
7 10th 10 
IN ft 1* 
41 4ft 4 
St 27ft 27 
34 27ft 27Vh 
29 2ft 2ft 
N Sft S 
4 24ft 24ft 
1 25ft 25ft 
47 Aft Aft 
54 Uft 15ft 
29 22ft 22 

Aft 4 ft 

15ft— ft 
TO— ft 

46ft + ft 

10ft + ft 
ft— ft 
4ft + ft 

37ft— ft 
2ft + ft 
Sft 4- ft 
24ft 4- Oh 
25ft— ft 
Aft— ft 
14ft 4* ft 

Ift UFoodA .10 U IV «9 1ft 1ft 1ft 

Sates nwrn am onofflctoL Yearly hKtfa and tow* rafted 
ttw previous 9 woo** otaattw currant weak. but not aw lote*t 
boding day. Whani a split or slock dtuMmd amounting la 25 
percenter more bn* been paid. Rteyoar’sMsMmroapoand 
dividend are shown tor ttw now Code oWY. Untes* otlterwlio 
noted, rates a! dWMenda or* annual dtsburosmants baaed no 
dw latest dsdoratlan. 
a— dividend also extract)./! 
b— annual rate al dividend Was slock dMdeni/l 
c— Haaldatlna divMendJI 
dd— adle<L/l 
d — new ysartv tow Jl 

a— dlvMsnddodarcd arootd hi proewUno ISmomtisJI 
a — dlvUtertd In Canadian tUncta.wMad to TO nan-rtsMsno* 

I— dlvtdand ctedartd after sottt-aa or mdc dMdond. 

|— dMdond paid this war. omitted, dofanwd. or no action 
tahon at latest dhridMd moot tea. 

k— dlvtdond ttedarad or paid this war. ah oecumctattw 
Issu* with dMdtnds In arrears. 

n— now tofu* in ttw past 9 woofcs. TboMoMaw ranaobovtns 
with th« start of trotfinB. 
nd — nmf day dollwrY. 
p/6— prlcs-oarninos ratio. 

r— dtvtdsnd ctedarad or paM In arscodna 12 months, oka 
stock atvfdsnd 

s — stock sollt Dlvhtend booms wUi date at spML 
sis— sate*. 

t — dtvtdcnd paid In stock In pnscodlno 12 mannii, asMmatad 
cash w«in on aitcflvldsnd or vodtetrlbutlan date, 
w— now warty ItWv 
y — trodtea halted. 

iter ttw Bankruptcy Ad, or t*a»rm«o*sumwi by such corn- 
pan ta*. 

wd— whtn dlstrRMJtod. 
wl— whantsmod. 
nw — wtth ••arroiits. 
x — Ok-dvktend or aMtoWs. 
niis— an-dMrlbullan. 
xw— wtthout wtrranls. 
y — oKdvIdsnd and sates In fun. 

Wd— vtald. 
i— sates In fulL 








May 24 

Soles In Net 

110s HIMi Low SPAA-dltte 

lots HW1 LOW iPJWLCirBe 

Atcor -44 24 


AtlGSLt 252 73 
ATI Am Mb 1.7 

AtlntBc SO 17 


AllPnri Mm J 









AwtoCo I 







A 17ft 17ft 
1311ft lift 
40 31ft Jl'h 
523ft 23ft 
333ft 33ft 

HlUh nth 

510 10 

3 0 ■ 

■ 3AU 3A 
41 14ft 14th 
10923ft 22ft 
A 3ft 3ft 
lOMft lAft 
43 4ft 4ft 
9111 TO 
201 7 Aft 
IS Oft Bft 
39 Sft Sft 
AA Sft 4ft 
1410ft 10ft 
90023ft 23ft 
A41tft 17ft 
18717V* lAft 

17M 4- ft 
lift — ft 

23ft + ft 


to — ft 


3Aft + ft 
14th 4- ft 
23ft— ft 

lAft 4- ft 

TO — th 
7 4- lb 


Sft 4- ft 
Sth + ft 
10ft -I- ft 

10ft 4- ft 

0251ft 51 51 — ft 

42 Aft Aft AtA + ft 

1J 14x? Aft Aft 

34 3 2ft 2ft— (h 

21 *ft 9ft 9ft + ft 

51 7!h 7ft 7ft— ft 

24 3236ft 35ft 36ft + ft 

371 Oft BH Sft 

A 55 23ft 23ft 23ft 

4J N 19Va If 19V. — ft 

4.1 141 NU 39ft 30 

4 9 Sft 9 

1O0 37 8V. 8 8 — Hi 

14 I Nft 2Sft 20ft 

40 2645V. 44ft 45V* ft ft 

21 AJZft J7V 27ft— ft 

4°!!W I* Uft + ft 
9 A 4* 10ft 10ft 10th 

snth im nth— M 

4BS16U. Uft IS _ ft 
40 *ft Oft Sft 

500 1th T 1 
34 IS 17ft !7ft— ft 

5 3V. 3ft 3ft— ft 

9 9 9 9 

SO 21912ft lift lift— ft 

2 3 20936ft 35ft 35ft 

<J 453ft 53ft 52ft + ft 

1.9 92 Aft Aft Aft 

4 5ft Aft 516 

2.1 1017 14th 17 — ft 

44 7th 7 7—16 

K7 2 Ift Ift 
lO 49 tft 9th 9ft + ft 

32 9 Bft 9 — th 

9719 1| 18 —1 

3912ft 12ft Uft— ft 

10 SO 15ft 1SVS 15ft— ft 

3J 1012ft 12ft Uft— ft 

3 J 20633 32ft 32ft— ft 

25 Tim. 23ft ZP- 

7110th TO TO— ft a 

4015ft 14ft 15ft + Vj O 

t7 <ft Aft 4ft 9 

4ti 13ft 13th uth— ft 2 
523 7ft Aft 7th + th CJ 

09 Ate Ate Ath + th Ct 

2717 15ft 17 + ft 

7 2th 3th 3th + th 

14 7ft 7ft 7ft 

10 Oft Oft OVS + ft 

100 «h 416 4th + te 

29 5ft 5 5ft + ft 

14 1 Sft Oft Bft + th 

5A 4ft 4ft Aft 

AS 7V. 7 7 — ft 

288 A 5ft Sft 
AO U 4220 19te 19te + ft 

1-80 U 9247 46ft 4Aft 

1020 20 23 — th 

13 9ft 9ft 9ft— ft 
5A TO 18ft 10ft 
3Z1 5ft Sft Mk + th 

ms. m a su 

nun 2ft m 2ft 

172 4 3te 3ft— th 
561 U 239 28 19te 20 • 

JA 15 32116 20th 201* 

100 2V. IK Ift— te 

75 2th 2ft 2ft— th 

•95e 21 « 36ft 35ft 34ft +2ft 

7A 9th Ste 9Vh + ft 
21 4ft 4ft 4th 
IM 53 2345 44 44 —1 

39 3th 3 3 — th 

.16 1 3 2S TO 12ft 13ft— ft 
.14e \J 85 Oft 8ft 8ft 

mint X79k TO— ft 
air J 1A1 24ft 23te » — ft 
■1«* 3 217 17 17 — ft 

N 2.1 44 9te 9» 9ft — Vk 

121 21h 1ft 2th + te 
Mr 3 33 16ft lAft lAft — Vb 

■455 lift 1116 lift 
23412V* 12ft 121b + ft 
162 a 7ft S + ft 

JW 2J) 144 4 3ft A + !% 

94 2te 2 2 

t 36411ft Kite Uth + te 
1433 SAth 34ft— ft 
1 10 10 10 

MO 3J ZSTlte JTft 31V,— ft 
31114ft 15ft lAft + 1* 
2D5b 45 3746ft 45ft 46 + ft 

152 44 2031th 31 21th + ft 

1.12 XI II 3Aft 34 36ft + ft 
50 34 8 Uft 13ft Uft 

-It 1.1 251 17ft lAft 17th + ft 

40 XI S038 371* 371* 

119 Ite ift 1ft— Ih 

an 3 311ft lift Uft 

,, MTO 12th 12te + te 
.12 V li 714 7 7 — ft 

» 2th 2th 2th- te 

27412te Ute 13th + th 

2S Ih te te — ft 

.10 XI S SVh 4te 4te— th 

TOO A Sft Sft 

1215th s 5ft + th 

10131% 12te 12te— th 
2 Aft Aft Aft + te 
JO M 15320th 19ft 19ft— ft 
1 Bft Oft Bft— ft 
1117th 17te 17ft— 16 

JOo 34 II 22ft 22ft 2216 + ft 

At XA 1518ft 1B16 1 B»6— ft 

3420ft 30 30ft + ft 

66 Bft 8 B 

JB 14 25927V. » 27 — ft 

I Aft — M 
12 5ft Aft Sft— N 

39 17 I Aft lAft 

•]» ».l I' Ite Tltt lift- ft 

140 AJ 33 24th 24 24 — ft 

SS4TO TO 10ft— ft 

1402ft Bite 82ft + ft 

,, 7TO 2Hh 271h + ft 

iM 5,1 , J1SE 1916 1W6 + Ih 

17330th SO 30 
46 9ft 8ft Bft— ft 

■» “ {«'”* '7th 17ft- ft 

.10 14 127 716 7 71* 

1-24 24 13753 fi fi —1ft 

JIT , 434 WJ6 19 19ft + ft 

■ 1fc A saf' 6 34 'k 34ft + ft 

33919 lBlh TO— te 

1 S3 7ft 7ft 7ft— ft 

3A 51* 5 5\* 

120 14 MS 35 35 

JA 15 SUIt 31ft Site — ft 

UM 34 194 Nth Nft 3854 

I 4448ft 37th N — th 
1.9A XI 1733 33ft 32ft— te 

■J® H “IISS 1Wfc to + i% 

JBb 12 IlSrte 271* 27th + th 
I-** M JJp 3AM 3614 + ft 
.10 4 123423ft » 229* — w 

A U 2525ft 25 25ft- ft 

4 7ft Aft 7ft 
1090 171* 17 17ft + ft 
200 9.9 4320ft Wte Nft + ft 

124 19ft TO 19ft 4- ft 
_ 2] 141* Ml* 141* + ft 

■20*28 11 7ft 7 7ft 

N IS 141* 14V* 

NO 3 3—ft 
, S21716 TO 17 

■SAo 14 2ASS 38V* N 

*4 MW 14 Ml* + th 
339 39* 744 2te— 1% 
M3»W. JO Nft + ft 
HZ 4JS 4ft 4ft + te 

fi2m 20th am— * 

SB P% Ah 41* 

400 X7 25 1766 17ft 1764 + 16 
■AOa 4J 74314 Uft M 
154 V 12MS 7716 18—16 
IN X) 7353214 32 37ft + ft 
ISAIAte I Ate 74th — ft 
-74 35 IN 19th 19ft 19V] 

238 9ft 9V* PS* 

437414 121* 14 -Ate 

-82 .1 214 th 141* 141* 

.12 4 scan 28ft Nft 4- ft 

IN Ste Ift 3ft 
.Is 1J 148 15th 12 12ft— ft 

3» 266 2te 366 + ft 

2801 22 TO 2Tt* 46V* 
SO 5 4 S, 

3613th n lift + ft 
AO 566 Ste 5te + ft 
307 Ute Uft TO 
4 7th 7 . 71h+ ft 
154 At6 AH Att 
IS 1516 13 TO + ft 

mm to to + ft 

JO XA 1 76* 766 fit- te 
103815 Uft TO— ft 
J05o 4 1112ft 12 TO— ft 

71 TO 19ft 19ft 

ai 266 at* ate 


. 2 » 
J9 SOthcSlh 

14 W 
. 9 2M 

_ <43101* 
48 293166 

2W fit 
135 2U 


S3 4ft 
89 aw 
4 Ste 
4 11411ft 
12 <34364 

M 2333ft 
X2 1 766 

a 2 ft 

4 466 
U 6712ft 

.35 Sft 
240 A 

15 4ft 
409 fib 

325 Aft 
, 1222 
A I 7 
AM 7ft 

5 Ite 


a A015 fe 
Ut . » 76h 
1681 Alt* 
Ml 9ft 

a 9ft 

71 J 

41117ft ' 
44 Si* 

■i a 5 

IN ft 

Bft Bft 

10* +M 

10 10 

Uft 25ft 

3 2M 

Nft 3 B*— w 
5« Sft 
2 2—W 

« Aft 

4 Vi Ate 
2 te 2th 
5th 5th 
10 ft 11th 

^ aw + ft 

a a + “ 

4ft Aft 

s sr * 

nw atb 

£ SfttK 

SUi Aft- ft 

lift Uft 

ate m* 

TO »ft~ W 
71* 7th 
li* nt— H 

Alft AUh— ft 
,9?% 96h— ft 
TO 15ft + ft 

9 9ft 
TO 13th 41 

te 7 6h-4tt 


Page 19 

Floating Rate Notes 


B Nz Steel Dev 



4 Wupoocres 

Nippon CrU 


1 Ob 



ts m 


May 24 

NASDAQ National Market Prices 

IM u m 
US 7 Li 
2JH 5A 


lU 1 

tA O 
- S3 

50 15 82 

2M 2ft 
U*. u 
44 4414 

14ft 14ft 

ink im 
M A 
M 8ft 
5ft 5ft 

17% int 

14ft MU 
M U 
aw 3tm 

iw. aw 

2BW 20% 

1 m 


(Continued From Back Page) 




4 A vo. de France ,0+1 332 Cj enero 
Tel. 0041 52-31 14 7^ 
SeautihH. first dau. dr<on£iionad 
'cutenhgl hnmhed Opuftn enB ac 
"wife FuS» equipped kitchen. 

daily mend service. 

Weekly and moruMy caw. 
Luwflent location. 


MUST B£ SEEN: tee erotic Pmbn 
nttMS. IrresistiWe. Pan 544 0600. 


TAX Free con, afi ma to & models. 
ATX, NV Artefv 22, 2000 Antwerp, 
Belgaro. Y*J 03/231 16 53 T* 31S5 

. BOATS & 

■ t 

19 7% 



l JM A 



14ft + ft 

44 im 




34 M 


9ft + ft 



10 + % 

At S3 




74 7 


7 +1 

33 a U 



2) +2 

33a 1J 



22 + % 

i 40 U 



1M4 + ft 

148 24 



44ft + ft 

.TO U 

5 f% 


fft— ft 




47 5ft 


5V,— ft 

1 Mb 



11 4% 





14%— ft 




17ft + % 

450 SI. *79 whim. My bated 

2 x 2BO SI, *34, red/ cream, 
stvergreen/green, My boded, 
WDM5W00 » DM65,000 
2 x 19CE, 13 - 16. braid new, 
My loaded DMi&OOO each 
1 x 190 E. bladc/aeon. *BS, 
Mv boded DM4?M 
1 x PORSCHE Turbo, new, bbd 
/whte- Fufly boded. DM1 10.000. 

1 x POKOt CAlisA coure, 
new red/bbri. My loaded DM75.000 
ad . uu ie metefic/blaek. My boded 

Af can bed condbon. 

Fa KVJL. Teh Germany 
p) 6234-4092 + 4621, Ac &49B6 




for IMMBXATB ddnery 

IM 1«4 


34 33% 

15% 15*t 
MK. 14*4 

T2U tm 
34 3% 3ft 
wiw im 
74121b mt 
10714* MW 



» 39 — ft 

7ft 784— Vie 
3* 384— ft 

31k 3M 
.*% 99b— W 
1594 75* 

29b 294— 16 
8tt H6 + Vb 
4% 5 + ft 

MU MS + lfc 
14V. 1«.+ % 
19V4 Mb— 94 
34% 34* + 16 
59b 3k 
«6 «W + 16 
31 31 W 4-1 

II Oft „ 
mb 1016— 94 
2SVb 2594 + 14 
Wft IB*— Vb 
2Vb m 
Nft 3494— lk 
21b 21b— lb 
109b 1116— 14 






-30* 45 













JOm 14 




30ft— % 

14ft — 16 
1196 4-16 
394 + Vb 

^ U 

27W + W 
*7% + % 
1714 + ft 





1394— 16 
4% + ft 
3% + ft 

%tk— % 


1114— Vb 
5V. + lb 

594— Vb 

« 9ft 9ft 91k— lfc 
4591b 9M SSW 

las 26“.24 
All • I» M +16 
-119 *% fft 91k + lk 
Uinw w 12 
s ib nk avk + lk 
ft 44b + lfc 
246994- Mb 2M— 14 
.35 444 4tfc 444 + 14 
■■ 21744 1744 1744 + V. 
921 209b 21 +14 

4i3m 22* -am + * 
. nv ft v + vb 

UWfc 3S 37 

Tan m m 

ll» ll¥r» 

.491 4% 694 494 

SW * U 7 

«& m-m-ft 

T* «fc «fc fiVb 
1+m 39b 39b + ft 

■« r r 

14 3ft 3% _ 

■« f 5 r 

401M4 1H toft— ft 
-• 111 11-11 +14 

. 19 1ft 14b . Mb— ft 
tOUft-Uft Oft— ft 
■547 TOW 994 IM + 14 

. anr 2m am— ft 
.■jnift 11ft im— ft 
*w» 4ft <w 
zoom, at* am 
*t aft Wk ift 
4*4 ■% 7ft 8ft + ft 
-1HM.M 4144 
AM* 2ft 24k— ft 
. tl*H% 15K 15ft 
3M»ka» . 29% + % 
2413ft U 13ft— % 


2 le 3 
144 12.1 

.13 U 21016 1016 Mlfc+ft 
104 15ft 15V. 15ft + ft 

1101394 13% 13% — Vb 

914 W 14 +14 

.lOrll 43 944 9% 9% 

♦ 501794 T79b 179b 

45 34 UMb 19 19 

7N M 594 — U 

J« 3 3825% 25ft 2Sft— 16 

307717ft 16ft 17ft +TV4 
140 U 34942% 42ft 4294— ft 
. 272BW 20ft 20% + ft 

SB>2A 1*4 24 24 — ft 

2512ft 12 12ft— ft 

3JM 43 16470 6Mb 70 + ft 

491 5 4ft 494 + 94 
jar a 13 814 nib M— % 

12 2 194 2 +14 

.12 13 11 7% 714 7ft— ft 

UOo 44 5937 34% 3694— ft 

ASe 2.1 2C1 22 21 2194 +94 

* 17 nnn , 

29 9% 9 9% + ft 

431294 016 t2Vk + V4 
•32 23 22)1194 lift 1194 + 14 
JB 23 417ft 17* 17ft— ft 

im’i* 7~ PI* 

" ^ 4 7ft » 


di 2PCSK 

130 34 2331 31% 33 +H 

1.12 48 423ft S Sftlft 

rSSS a a + * 

M 33 21422 21ft 2196 + 14 
43 7ft 7ft 7ft— ft 
AS 3 613x7% 7 7 —ft 

1*7 .Mi 1*1 Ilk— A 
80 4 37414% 14 U 

1J2 25 10938ft 30 3814 + 1 

t 1002116 MW 20ft + 9 
a 4Vb Oft 4ft 

.14 U 38149b 14ft 149b— ft 

M L4 4X3M6 29ft 3016 + 9b 

U> 44 0736ft 36ft 349b + ft 
.14 8 121417ft 1494 1794 + W 

141214 T2ft 1214— ft 
.15 S 703196 31% 31% — ft 
1913% 1394 139b— ft 
-ft* 25 84 416 4 4 — ft 

94 7ft 7 7 —ft 

40 41fc 4 4ft + ft 

195 8ft 794 I 

3312ft 12ft W6 + 16 
2019ft 19ft 1996— W 

z« 3 as r ft?* 

0013% 13 13 

AS &4 4149k M9h 1494 + V 

1414ft IM IM 
5433ft 23ft 2394 +« 
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, Page 20 



1 Word ana 

5 Satanists, e.g. 
9 Tax-deferment 
plan, for short 
12 Child’s marble 
15 Shanty 
18 Arrow poison 

17 Antonym of 

18 A Met score 
20 Monte Cassino 


22 Former 
province of 
.25 Press 
26 “Plaisir 
28 Archeozoic, 
Paleozoic, etc. 
■;28 Radio's “Our 

" 30 Civil wrong 

31 Manner 

32 Characteristic 
'34 Cinder 


35 U.S.N. officer 
-36 Rudiments 

37 Put down; 

• 38 Civil 


38 Calumet, e.g. 
41 Sounds of 



42 Joint 

43 Meara’s 

48 Amo or Nero 

47 damps’ 

m ating 

48 Smooth 

50 Kingdom of 

51 Chapeau 

(a cocked hat) 

SI Medieval chest 
53 Goat antelopes 
55 Most courteous 
59 Battle of Sept. 

61 Epithet for a 
daughter of 
Henry VIII 
63 Reference 

84 Surpasses 
65 Supplication 
88 Vomer, for one 

67 Pillowcases 

68 Fig tree of 


68 Kind of soda 

72 Weapons for 

73 Run 

75 Book of the 

76 Mine 


77 Practice that 
can't he 

78 River in 

79 Maple seed 
81 Languish 
83 Non compos 




8? Resin used in 

88 Water plant 

89 Tear 

Arabic names 
91 Lunar crater 

Qmg-a-Lug by kathryn mghier 


95 School Orwell 

96 A 1733 

$9 Met battery in 

101 Exigency 

102 Symbol of 

103 A contem- 
porary of Loti 

194 Breed of cattle' 
105 English 
cathedral dty 

196 Bandicoot 

197 majesty 

188 “Nana”star in 






I ponVuianttobe 



WHS2EO YOU GET Jl }|||i 
— INW] 


*11 JUSTBOU&fT, 
I TNBwt.irevpE f 






YEAH, X i 
. SO ' I 


1 Exalts 
- 2 Occurrence 

3 Part of A.R.C. 

4 Slender 

5 Of lemons. 

Limes, etc. 

6 Links 

7 ‘‘Since 

Died”: Max 

a Lilluing 

9 Business abbr. 

19 Warms over 

11 Common edi- 
ble mushroom 

12 Removes a 

13 Altar in the sky 

14 Squirmy 

15 Shore bird 

19 Similar things 
29 Orthodontist's 
21 Arch slightly 

23 School subj. 

24 Make one’s 



33 Noise ar 


34 Hibernia 

36 Geladaor 


37 Fills to 

39 Flexible 

40 French 

41 Girt for whom 
a strait was 

na Triad 

42 Kind of 

43 Spot for 
Guidry's toe 

44 alba 


45 Viracocha was 
their chief god 

46 Gambado 

© New? York Tones, e&ted by Eugene M ale da s. 





59 Grow up 
51 TV studio 

53 Heraldic 

47 Warship’s 
lowest deck 

48 Francis 
Marion’s forte 

54 Attributable' 

55 Fruits for 

59 A 19th-century 

57 Oceanic 

58 Deal with 

69 Account entry 

61 Scottish 


62 Mythical beast 
64 Greek’s “un- 
lucky” letter 

67 Fairj, sprite 

or ell 
68 Fit of 

of France 
76 Kind of 
71 Young 

72 Cheese made 

73 Decree 

74 Bird allied to a 


75 Subject 

76 Ernest Bloch 

79 Viewed 

80 Type of 

81 Sights in 
Chicago in 1871 

82 Related ou 
Dad’s side 

83 Female guard 

84 Faller an 
Chicken Little 

85 Controvert 

88 Make repara- 

89 Steward at a 

ynatwr “ 

91 Fullness of 


Miirk Hm 

93 Type of type: 

94 Appends 

LgrgY.TDLOT hr^ECd^Sr^ 

“ 1 ■ 11 LM 

Ini b, St**C»*» 

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triLL Hap WITH 1 
> “SPLIT < 


( BOIHBe. PNQ4® 1 


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97 Aviv 

98 Malines, e.g. 
190 Namath in 1969 


" A Trilogy and Epilogue 

, By Philip Roth, 784pp. $22.50. 

Farrar, Straus & Giroux, 19 Union Square 
West . New York, N. Y. 10003. 


* Reviewed by Michiko Kakutani 

. TN bringing together in one volume his last three 
X novels (“The Ghost Writer," “Zuckennan Un- 
bound" and “The Anatomy Lesson”) and a new 
comic novella titled "The Prague Orgy,” Philip 
Roth has presumably completed the saga of his 
; fictional hero Nathan Zuckennan. It is the story of 
' how an earnest young student of literature grows 

about the unforeseen consequences of art, the 
- strange, predatory relationship that exists between 
. literature and life, and an American writer’s anoma- 
lous sense of vocation. 

" It is hard to say whether the parts of this volume 
add up to something more than their sum. Reading 
the Zuckennan fictions together, one is more acute- 
; ly aware of fluctuations in Roth's style — the 

limber. Jamesian prose and delicate ironies of "The 
Ghost Writer" stand in marked contrast to the more 
staccato rhythms of "Zuckennan Unbound" and 
the frenzied, almost incoherent mannerisms of "The 
Anatomy Lesson." The self-reflexive nature of the 
three novels also feels more pronounced when they 
are read all at once. Just as Roth constantly teases 
us to draw parallels between his career ana that of 
his hero, Nathan continually comments upon the 
relationship between his life and his Ticdon — 
complaining about people who misread his stories 
as gossip even as he s taking notes on their lives for 
his next book 

Given what we learn about his later life, Nathan's 
early adventures and aspirations seem store ironic 
than they did on first reading When we meet him in 
“The Ghost Writer,” Nathan is 23. eager to appren- 
tice himself to the muse of high Art On the outs 
with his dad for writing a story based on a family 
feud, Nathan wants to find a spiritual father who 
will sponsor him in his vocation. He has two possi- 
ble mentors, two models: the flamboyant Abra- 


Solution to Last Week’s Puzzle 

□□□□ □□□□□ □[!□□□ Dane 
□□□□ □□□□□ □□□□□ □□□□ 
□ □□□□□□aQG □□£!□□□□□£]□ 
□□□annas □□□□□ □□□□□□ 
□□□□ oaana □ama 
□□□□□□ □□□□a □□□□□□□□ 
□□an □□□ 

□□□□a nan aaa □□□ 
□□a □ooaaHannaaHG □□□ 
□□□□□□□ □□□□□ □□□□□□ 
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□DO □□□ □□□ □□□□□ 

□□□ □□□□□□□□□□no □□□□ 
□□□□□□□□ onana □□□□□□ 
□HDD Hnnaa aocu 
□□□ann aaaan aannoann 
□□□□□□□□□a □□□□□□□□□□ 

□□aa □□□[]□ □□□□□ naan 
□□□a □□□aa □□□□□ □□hd 

vanel who bas beautiful wives, beautiful mistresses, 
famous enemies, public breakdowns and energy for 
endless self-absorption: and the reclusive Lonoff. 
"the most famous literary ascetic in .America.” 

By the time we meet him again in “Zuckerman 
Unbound." Nathan is a famous author, but his life 
has turned into a sad farce, combining the worst 
aspects of his two h eras’ existences. 

In a sense, Nathan has gotten exactly what he so 
desperately wanted, and gotten it in spades. Hailing 
hungered for the "deep, emancipating world of an.* 
he has written a ■shocking bo ok called "Camovsky” 

— a book assailed for "depicting Jews in a peep 
show atmosphere of total perversion” — and be 
discovers that the novel has not only released him 
from a youthful sense of duty, it has "unbound” him 
from everything that once nourished bis an. He has 
been disowned by his father, cut off from his past. 
In "The Anatomy Lesson," the losses conferred by 
Nathan's liberation have multiplied further. He has 
lost his confidence, his sanity, his sdf-respect. bis 
hair — - and his sense of vocation. Indeed, writing 
bas become, to Nathan, a kind of bondage: He feels 
trapped by the need to go on complicating his life on 
paper, trapped by others' expectations, trapped by 
bis sense of self . 

Roth's orchestration of his hero's dilemmas is 
clever and sometimes very funny, but his narrative 

— Filled with little but Nathan's attempts at self- 
explanation — feds increasingly constricted, in- 
creasingly wbiny and narcissistic 

In contrasting Nathan’s dilemma with that of 
writers in Eastern Europe, "The Prague Orgy" puts 
Ins self-conscious concerns in perspective and casts 
them in a ludicrously comic hghL Where the cele- 
brated American wnter receives money and fame, 
the East European writer receives a jail sentence. 
Where the American writer gets thrown to the 
critics, the East European writer gets arrested. 

The irony of all this, Roth implies, is that the 
freedom enjoyed by writers in the west also rednees 
them to celebrities — their work is not takes with 
the moral seriousness conferred upon the work of 
their comrades in Eastern Europe. 


-rite Ujpp Hush bishop 


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•• •.*• > ■ i V 

Michiko Kakutani is on the staff of The New York 

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1 Mr .Wilson is really a nice sur, but he 
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Page 21 


Oilers Beat Flyers, 3-1; 

fit. , 

7 ■ 

"T **- .*,< 

' ;» * ■* . ■ 43 Aft* 

1 ; a ~ *r- - 


f; ... 

Even Stanley Cup Final 


Compiled fcv> Ow Sa# From Duptffcta 

PHILADELPHIA — The Edmonton Oilers ended 
the Philadelphia Flyers’ ran of success against them 
Thursday night and headed west with the home-ice 
advantage in the final Stanley Cup series. 

Goals by Wayne Gretzky ana Wily Undstrom, 
followed by an empty-net score by Dave Hunter, ga’ 
the Oilers a 3-1 victory, their first against the Flye 
since Nov. 13, 1982, a span of 10 games. 



west under similar circumstances a year ago and never 
returned to their Nassau Coliseum.' 

Tim Kerr produced the Flyers' only goal creating a 
1-1 tie in the second period that Linds trom broke six 
minutes later. In the 24 minutes following Lindsirom’s 
goal, the Oilers limited Philadelphia to six shots. 

There was one tense moment for Edmonton, howev- 
er. with 78 seconds left. Under heavy pressure from 
the Flyers, Oilers defenseman Paul Coney dislodged 

“It’s nice to get that burden off our shoulders,” said his net The rules in that situation call for a penalty 

•ri >• 

• -v 

. k ». • -i 

• f .. . - , - 

<* r ‘.V 

Flyers defenseman Mark Howe, with goalie PeBe Iindber^t out of position, dived in attempt to stop Wayne Gretzky’s shot. It gave Oilers 1-0 lead. 

the Doers’ Kevin McClelland, whose check on Brad 
Marsh behind the Fjyas’ net started the play that led 
to lindstrom’s winning shot. “We hadn’t beaten them 
for so long. Now, things loci a lot brighter.” 

Gretzky, who didn't even have a shot or an assist in 
a 4-1 loss in the opening game of the series Tuesday 
night, scored the first goal of the game this time, 
before a sdicrat crowd of 17,191 at the Spectrum. 

“I was really bothered by some things that were 
written about us in the papers here alter the first 
game,” be said. “I don’t mind constructive criticism, 
but people were writing things they know nothing 
about. Someone wrote that we don’t have any heart.” 

Edmonton’s coach, Glen Sather. said: “Wayne 
looked like he was prepared to play. I think he felt he 
let the team down the other night when he didn't play 
welL But I've never seen him play two games back-to- 
back poorly ” 

Goal tender Gram Fuhr needed to make only 17 
saves as the Oilers outplayed die home team most of 
the way and evened me best-of-seven series at one 

game each 

The next three games will be played in Edmonton — 
Saturday, Tuesday and Thursday — and the Flyers 

shot, but referee Kerry Fraser shrugged bis shoulders 
and called it an accident 

Coffey heartily agreed, saying. “It was a wrestling 
match with (Ron) Sutler and 1 went to push him out of 
the way. It happened purely by acridaC 
However, Philadelphia's coach, Mike Keenan, took 
an opposite view. “Most definitely, I think it was a 
miscall” be said. “It was an intentional infraction *— 

Coffey. It was called in the Stanley Cup playoffs 

before this year, but tonight the referee didn’t see it 
that way. He didn't have the i 

didn’t have the courage to call it 
The Flyers' meager total of 18 shots matched their 
season low. 

“There was a great resemblance in how they played 
said. '-They 

_ Tbesday ana mursday • 
certainly wiB recall that the New York Islanders went 

Goes Hard 
On McEnroe 


United Press International 

- PARIS — Top seed John MdEn- 
roe’s tack took a bad turn Friday 
.when three Swedish players, at 
surfaces, w 

Mthdr best on day surfaces, were 

placed in his path at the 128-man 
he French') 

Open Tennis 



» i 


draw for the 


Should the seeds hold 
the opening rounds, McEnroe 
play 12th-seeded Henrik Stmd- 
strom in the fourth round. Tib- 
seeded Joalrim Nystrom in the 
quarterfinals and 4thseeded Mats 
WEander in the semifinals of the 
French Open, which begins Mon- 
day and ends June 9 on the red day 
courts of Roland Garros Stadium. 

Second seed and defending 
champion Ivan Lendl was bidder. 
He is scheduled to play lOth-seed- 
td Aaron Kridtstem, 8ttaseeded 
^Siot jTdtscJier and 3<£sepded Jim-, 
.my Comum. 

.. ta women's stages, top seed and 
.and defending champion. Martina 
Navratilova should nave a chance 

United Press International 

. ARLINGTON, Texas — About 
the only, thing Gary Ward could 
not do at Arlington Stadium 
Thursday night was get rid of the 
thousands of moths flapping 
around the players and fans. 

Ward did, however, get rid of the 
Boston Red Sox in about as' big a 
one-man performance as the Texas 
Rangers nave enjoyed this year. 

: He started, by fritting a grand 
«1aro home run in die first riming 
and finished the game by scoring 
the insuring run. 

In between, he had two hits, stole 
a base and threw out the potential 
go-ahead- nm in the top of the 


Despite all this the Rangers eked 
out a 7-6 decision over theRed Sox. 
It was Boston’s eighth loss in 11 
games and came with a massive 
swarm of moths taking advantage 


of a windless nig ht to make things 
miserable for almost everyone. 

Ward’s grand dam homer, his 
second in the major leagues, niw 
off Bruce Hurst after Boston had 
taken a 2-0 lead. 

“The pitch I hit for the fanner 
.was a fast ball up and away,” said 
Ward. “He had thrown me three 
fast balls that I had good swings cm 
bnthad fooled off. Thefourth one I 
got pretty good.” 

The Rangers had a 6-3 lead 
through six Timing s, but the Red 
Sox tied on four singles and a run- 
scoring ground ball m the seventh. 

With it still 6-6 in the ninth, 
Wade Boggs flew to medium-deep 
left field with one out and Many 
Barrett on third. Ward caught the 

ball and rifled it to the plate just in 
time to carefa Barrett 
- Ward walked with one out in the 
ninth, then cau ght pi tcher Mark 
Gear napping and stole sec on d on 
the first pitch to Larry Parrish. 

Panash was intentionally walked 
and, after Pete O’Brien’s deep fly 
out moved up both runners, Bram- 
mer was intentionally walked to 
load the bases. That brought up 
Curtis WHkerson, who watched as 
Bob Ojeda was wild on four 
straight throws. 

“1 brought Bob in because I 
wanted him to get used to that 
situation,” said Boston’s manager, 
John McNamara. “It’s a tough as- 

A’s 4, Orioles 2 

In Oakland, California, Dave 
Kingman ringied in the winning 

Players’ Strike Authorized 

run in the sixth to make Tim Birt- 
sas a winner in his first major- 
league start 



: -w*?- ( 

irJ.'ivM' j 

*.! -V' - T , 


-'*• j 

to make op for recent losses to", dealty, 1 
Helena Sokova and Hana Mandfi- 
kova en route to the finaL . . 

If the seedings hold, Navratilova 
win the 5th-seeded Sokova in the 
-quarterfinals and the 3d-seeded 
Mandfikova in the Mimfinais- 

McEnroe lost to Sundstrom cm 
day during Sweden’s upset victory 
over the United States in last year? 

■ Davis Cup final and faces the pros- 
pect of long baseline battles on the 

-slow surface. In particular; Wi- 

■ lander,, the 1982 French Open 
. champion and 1983 finalist, prom- 
ises a long, debilitating match be- 
fore the finaL ■ ■ 

McEnroe lost the five-set final to 
Lendl last year after tiring. 

N ew Yark 7T “ a * Sayicr . Fehr said the board discussed a 

CHICAGO — Believing the ac- series of possible strike dates, rang- 
thm is necessary to induce the dob . tag from early July to the end of the 
owners to “begmto bargain reahs- season, but wants to gel players’ 

the executive board of the 
le Baseball Players As- 
sociation, as expected, voted unani- 
mously Thursday to authorize a 
strike but did not set a strike dale: 

The board’s resolu ti on, which a 
vast majority of all 650 major 

views before a decision is made. 
Possibilities include a late- season 
strike that would threaten the play- 
offs and World Series, for which 
the dubs receive 5120 million in 
national television revenue. 

Fehr and his assistant, Mark Be- 

Blue Jays 6, Imfians 5 - 
WHKe -Upshaw's two-on t, two-, 
run single in the ninth gave Toron- 
to its victory in Qevdand. 

Mariners 6, Yankees 4 
In Seattle, Ken Phelps’ grand 
slam in die third beat New York. 

league players is certain to ratify, linger, a former player, were to 
does not enhance the chances of a begin individual team 
strike. It simply gives the players' Friday at which the players 
negotiating team an extra chib to vote on the board’s resolution, 
use ta bargaining with the owners’ In another matter, the players 


owners should under- 
stand that if they leave tire players 
no other alternative, the players 
will be forced to take the only alter- 
native they have;” said Donald 
Fehr, the association’s acting exec- 
utive director. 

discussed Commissioner Peter Ue- 
berroth’s mandatory drug-testing 
program and concluded that if the 
dubs wanted the players to consid- 
er mandatory testing, the subject 
should be approached under the 
drag agreement between the play- 
ers and the owners. 

■ Lea Likely Out for Season 

Charlie Lea, the Montreal Ex- 
pos* lop winner the last two sea- 
sons, wfll undergo arthroscopic 
surgery on his damaged right 
shoulder and likely win not play 
this season. The Associated Press 
reported from MontreaL 

“There’s a slim chance he could 
pitch in September if everything 
works out perfectly,” trainer Ron 
McClain said. “But the odds are 
against it” 

The decision to operate was 
made by the team’s orthopedic sur- 
geon and a date wfll be set in the 
next few days. . 

to the way we played Tuesday,” Keenan 
were on top of the puck earner and used a pressure- 
type defensive game like we played in Game 1. 1 don't 
think they’ve had to play too many games like that, 
but they’ve shown be/ore that they can do it.” 

This was only the sixth setback in the Spectrum for 
the Flyers in 50 ganws this season and Gretzky said 
the key was Edmonton’s ability to score first. 

Each team was a man short when Gretzky scored his 
50th goal ta 67 playoff games. Coffey, trying to wheel 
in from the right-wing circle, was forced behind the 
net by Doug Crossman. However, Coffey managed to 
center the puck to Gretzky, whose point-blank shot hit 
the skates of both goalie PeUe Lindbergh and defense- 
man Marie Howe. 

Lindbergh and Howe were off balance and leaning 
away from the net when the puck stopped b ehind the 
But Gretzky was able to skate around from 
id and shoot, with Howe lunging at the last 
minute and getting a piece of it, although not enough 
to keep it out. 

“We weren’t the same tonight. We didn't play with 
the same aggressiveness,” Lindbergh said. “They 
played better and now it’s going to be tough, but we’ve 
won there and we can. win there again.” 

The Flyers had been without a shot for about 14 
minutes when they suddenly picked up offensive mo- 
mentum midway through the second period. After 
Fuhr made tough saves on Mark Howe mid Murray 
Craven, Kerr took Dave Poulin’s pass and beat Fuhr 
from the slot for his 10th goal in 11 playoff games. 

The Flyers briefly took over the physical domina- 
tion the Oilers had had most of the night and McClel- 
land needed treatment after he was tat hairi behind the 
play, without a penalty call, by Ed Hospodar. 

McGeHand recovered quickly, however, and was 
back before the period ended, to board Marsh and jar 
the puck loose. Mike Krushdnyslti picked it up in the 
left wing comer and fed Lindstrom, whose quick drive 
from the slot beat fellow Swede Lindbergh. 

“I got a little smelling salts and a little water on my 
face and I was okay,” McClelland said. “I had my 
bead down and he’s good at coming across and catch- 

“I don’t mind. This was my land of game: a lot of 
tight checking and grinding. We’re the third line and a 
checking line and oar job is to keep them off the 

The Flyers’ Dkka Simsalo was leveled by Mark 
Messier in the first period and departed for X-rays of 
his right shoulder. They proved negative and he was 
bode on the ice before the second period ended. 

The Oilers also took a 

inserting rookie 
left wing Esa Hkkanen onto Gretzky’s line in place of 

It was the first game that Tfkkanen played in the 
NHL. The 19-year-old forward from Finland was 
signed to a contract Monday after be was named the 
most valuable player of the World Junior Hockey 
Championships in H elsinki last month. 

“I had never seen tarn play except in practice,” 
Sather said. “But I pay our scouts a lot ta money, and 
they told me he could play. Wc needed a tat. I’ve never 
seen us so fiat. They looked like they were in a morgue 
on Wednesday morning. I very pleased with the way 

Willy Lindstrom of the OOers, who had scored during the second period of 
Thursday night’s game of the Stanley Cup playoffs, was checked to the ice 
by the Flyers’ Brad Marsh (left) and Ed Hospodar during the third period. 

speaks English, but team officials would 
not let tarn speak to the media. 

Asked why. the team’s publicist. Bin Tuefle, said: 
“He’s spinning like a top.” (WP. LAT) 




- Thursday's Unescores Stanley- Cri p Champi onship Series 


Rrfi pot tfo a 

tie wt MO— 2 7 1 
■toon eix— 4 « t 

DbwwStcMort in and oanmn; Hrtsos, 
Atherton (7). Howell (8) end Tetttetan. W— 
Blrfsas. XL L— Dfaam. 4-2. Su— Howell (HI I. 

MMRM » 2 
lHieilM 11 1 
Clancy. Acker UL Laved* («, Loup (U. 
CL*bin <91 and BiAtortlmu,wiiltr <»; Heolon. 

>nnan (U. Wadded CTh BjCtark W aid 
-Htitav Bcndo (7). W— Lam 3-0. L— Wad- 
ded. VX sv— CaufflU ru. HR— Toronto. Bed 

SB) MBM»^4 13 1 
Ml US MT— 7 t • 

Mint Crvw f unl (3), Cher tn, Oledo (W 
K O W Mei i I liolon. tonw IW cod Brwn- 
-mer.W— naMmaMLLf— Oear,V4.NR— TM- 
■°*» Word 13k - 

line York HI Ml m-4 f I 

Seattle HUM BB n I 7 1 

Nhkraond Wyneson Beam* Ben (I) and 
Scon, Kearney p). w Bennie, 34 L— 
Htafcrn, M. S*-Bea» Ok Mta-Mew York, 
Motttnoly MkBmrfcr? (U. Seattle, P.Bnidhv 
(41, Phetae (Sk . 


1 1 V- 3 
■ 1 B— 1 

Mrtf Pee le d v Ed mu ii tov Gretzky. 11 
(Coffey), Resettles— Coffey. Ednu 

(MeMoM, tiff: r opo H n. Edm UUWveMck- 
m*>. 4:W; Hunter. Edm (rootfrfw O . 9:22; 
Marsh, PM (rouWXaQk *;Z2;Kerr, Phi (hoM- 
hs], IS: w; TMhanea.Edm (staNUno). 
TocdwL PM to — ch e cKIm ), wtn. 

Second Period-2, PhfladeWtfa. Kerr, 10 
(PoaHik Coreon), ra X nmnhn Llad- 
, 4 [KnnhefatysZl. McOeHand), 76:06. 
-Kerr.PMbmalQC (tfatitfrw).S:3»: 

May 28: PMiadelptiia ol Edmonton 
May » PMIadetphla at Edmonton 
n%lune 2: Edmonton at PhllodetoWa 
»Jime 4: Edmonton ot Ptilladelphla 
Cx4f neceaorv) 



Hunter, edm. motor (fteWtno). 2:3?: Too- 
Cttt. PWU aiUMHOktoak Hasaador. 
PML (rouoMnek Till; KrahalnnkL Edm. 
(rpuoMnok 732; Month PMk (Wol»«nGk- 
Inok 13:11; And oraon, Edm. (InmTerence), 
13.-3S: Dvorak, pfeH. (tiiolMtlcUng;, 17 ^SB; 
Foaoftv Edm. (enw Uadtlngk 17^8; 
Huddy.Edm. (trMnsk UiS3; Kerr, PhlL 
(ct— . dUdrtnol »i5k- 
TMrd Period -4 Edmonton. Hooter 2 (An- 
deraonlt 19:33 (on). pH 

DETROIT— Coded up Bob Mefvtrt, catcher, 
from Noehvllle of the American Asso ci at io n. 
Re tu rned Jim Weover ^ei t fl elder. to the Mln- 
nesoto Twins’ —aMzattoa 
MINNESOTA— Sent Jim Woaver. outfield- 
er, to Toledo of the I n ternational League. 

PITTSBURGH— Reed Hanttw Pstema 
er.NaoMd JoeL. Brawn interim Mnerot man- 

(an Llid&ergh) 8- 
U*— 39: Phlladsiphto Un Fuhr) 4+4-78. 
A t te n da n ce I klW. • 
to f erse K h i t Rwer. 


' Nattooal BasketM AnadattoB 
UTAH— Stoned Stove Hayes, center. 

Major LeagaeStandfaigs 

(S«tos Tied VU 

May SS: PMtaiMpMa at EOnonton 

Bat wvtstoa 




ft trod 




2S 14 . jMI r- 
22 U JJ» 21b 
21 IS JM 3: 

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15 3* JBS 10 


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Kansas dtx 




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21 U 
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30 U 
W 30 
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12 27 


S» 2te 
M 2IS 
Jgr 4 
JO 5 
JOB 11- 


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W LM. W 
23 13 M9 — 
a u jn i 
22 17 ' 544 2fe 
19 19 JDO 5 ■ 
0S E f 
12 25 334 llte- 

. . werid Team Tends Cup 

' fat DuesMtdorf} 

Unitod States X Australia a 

Join McEarat.Ua.dH, John FltseraM, 
Australia 4-L 34. ' 

Jimmy Qmnocfc Oi. itoL Paul McNomea 
Australia. B-LAi. 

'Spain % West Germany 0 . 

. Joan Aaiifiera. Spain, deC Hansioero 
Sdnwflir; Wbtr Germany. 7-4. T A. 

Jose Mfgaerei, Spain. daL MUmI West- 
phaL Weal Germany,' $7. 74 4-4, . 

- Fiwce-1, Sweden T 
Henri Leconte, France, de(» Mats W1 lender, 
S wede n , 4-V4-4 ' 

HhkDl Sondstracnv Sweden, deL TMerry 
TUtoM, France. *4, 4-3 

- Oachadmedda % India a 
• Ivan LaaaLCmcteeievokla, deL Romtoh 
K ris hn an , indiaM.*-* 

~ r — r ~iir>MHimtin mr Tin- 

AmritroL tadto. 60. « '. • 

LHMWTamaa ImtddefcVHay Aim Bull En- 


- Hatlanal Foewall Leooee 
INDIANAPOLIS— Stoned «*We receiver 
Chuck O’Brien, and defensive back wvalt 
Hendanwn, both free wants. 

■ PITTSBURGH— Stoned Andrew Baker and 
Bryan Shaw, wide receivers, MortQuinUv«v 
H old end. Bonny Andrews, rwmtoa bock, Jim 
Moore, defensive end, Sam Rayboum, Board. 
Tarin Sm Hh, nose tack to. ond James Sumpter. 


PITTSBURGH— Stoned Mike BullanLcan- 
tw.and Randy HUHer, Oetorttomw, to moifl- 
year aatiHdi. 

VANCOUVER— Fired Harry Neale, psner- 

San Diene 
' Houston 
Los Anaetos - 
San Fraaetoco 

id All — 
21 IB ' 53B -21b 
21 IB SS» Vs 
IT " 27- A7S J ' 
lfc- 22. j421 .7 
IS 33 JBS B 


■Coventry L Luton B- 
Sverion t Uweraoot f 

Swiss First Dtvkskn 

SIERRE— Stoned Bab Miner, wtosencm- 
termanwttn the Las Anaelecklnmmto mem- 
ber of the IL5. notional hockey team ta the 
World Chamatombtos la Prasaw ta a ene- 
vear co ntract. 


HEW ORLEANS— Aimoancsd mol Theroo 
Cotoe and Midnel Smlttv t orw or d L otto EF 
deo Irving, ouord. hove transf erred tr am Bie 
Taiene bcnketboM program. 

lectea WiH Clark, Mtosissippi Stem first base- 
man, ana Alabama* PMMVHauscMM.avm- 
wet. sec AtMetes of the Year. 

TE X A S -A—a wt ttier es ton o tl onetCle- 
burne Me* head trade ranrti . 

Ui -.INTERNATIONAL— Named. Brad 
Buetow hockey coach. . 

retaeta te Andrew Motsnta men* bosksttafi 
team. H he sue cawtoTl y eampHll s ocotomlc 
renutremenis Bib summer. 

Racing to Beat the Labor Problem 

By Tony Komhdscr 

Washington Pan Service 

WASHINGTON — Under the Food for 
Thought page: Among the cream of this year’s 3- 

year-old crc^ of thmxmghbredcolts are Preakness 

Proud 1 

imi Tank’s Prospect, Eternal Prince and 

Truth. For many years, Gene Klein, who 

owns Tank’s Prospect, owned the San Diego Char- 
gers of the National Football League. George 
Stembrenner, one of the co-owners of Eternal 
Prince, owns baseball’s New York Yankees. John 
Galbreath is the owner ta Proud Truth and the 
Pittsburgh Pirates. 

Curious, isn’t h, this coincidence of ownership? 

Connect the dots and what do they spell? 

Oh no, certainly not a scandal Please, do not get 
me wrong. These are rich men who enjoy sports, 
why wouldn't they want to own horses as well as 

In fact, why wouldn’t they want to own horses 
more than teams? 

When was the last time a horse left camp seeking 

Anyway, who wouldn't rather own a bone? 

They work cheap. They don't criticize you in 
print. And, if your car breaks down, you can get up 
od the horse's back and ride him home. TTy putting 
a saddle on Louie Kdcher. 

Horses are easy. 

Far too easy in these days of labor-management 

They ought to organize a union mid negotiate 
the same lands of rights that their feflow athletes 
have. They’ve been treated like animals for years. 
Their time has come, Hesgh-yo, Silver. 

(Who was that masked man? Marvin Miller?) 

The first thing they need is an effective spokes- 
man. Let me give you a hint who it should be. A 
horse is a horse, of course, of course; and no one 
can talk to a horse, ta course. That is, ta course, 
unless tbs horse is the famous. ... 

Mister Ed. 

tag Mule, should demand the following conces- 
sions from the owners contained in this plan: 

to renegotiate a contract? 
Or decked i 

1 into a drug detox center? 

Or demanded a bade? . 

How muc h fun do you thmV ft was for Klein 
those last few years getting his brains beaten wit? 
On the one hand standing ftj the f orefron t of the 
NFL’s fight against A1 Davis, and on the other 
wfcitaung Fred Dean walked out cm the t«m 
and Chuck Muntie self-destructed. Klein suff e r e d 
a_ heart a ttack shortly after testifying against Da- 
vis. lbat probably will not happen to him in horse 
^^^lywffl no t have to testify against 

Better hours. As things stand sow, homes are 
awakened before dawn and taken out for a hard 
run. A leisurely jog, or an aerobic workout, fine. 
But run hard? Before dawn? Give me a break. How 
many home runs you think Babe Ruth would have 
hit if they had mm taking batting practice at 5 
AM.? Full disclosure. Owners should have to t 
their books to the union. Sure, the owners st 
do not make enough money to feed the horses 
anything fait hay and oats. But how about that 
limo Stembrenner rides around in? 

How much fun do you think ft is for Galbreath 
these days? Wailing and worrying how deep the 
^aier wm be after tne grand jmyrtnafly drops the 
who - shoes in its drug inquiry. It is one ihmg to 
preade over a last-place it»m but the way the 
rumor mill has ix, if the Pirates want to have an 
alumni game the best way to get in touch with 


commonly given so many injections that the race 
track drag business operates Kke a Mom and Pbp 
restaurant On the other hand, when was the last 
tune anyone suspected National Velvet ta using 
cocaine? . 

How much fun do you think Sle tab renner is 
havtag these days? Firing Yogi Berra as immAgw 
and tarin g BIDy Martin. Stirring up all that ~ 
Okay, forget iL I retract _the question. ’ 

No lip tattoos. 

Stater blankets. Why do you think horses sleep 
standing up? Those blankets scratch too much to 
lie down. 

No whip. It is bad enough having someone cm 
your back, but when he starts to whip you, that is 
carrying it a tat too far. Try talking nicely to the 
borse. It woiied for Mickey Rooney in the movies. 

Better travel conditions. Small vans are for po- 
mes. Hones should be going first dass. Non-stop 
jumbo jets. (Who gets the frequent flyer miles — 
the owners or the horses — can be negotiated 

Better living conditions. As Secretarial said, “A 
stall for motr Does the word “condo” mean any- 
thing to you? How about “central air?” 

Optional workouts. 

No day races after nigbt races. 

And after we organize the horses, we will start 
working on race cars. Mister Ed can just hand his 
notes over to KJ.T.T. 


Macedo fired as Brazil’s Soccer Coach 

RIO DE JANEIRO (UPI) — World Cup team coach Evaristo de 
Macedo was fired Thursday by the Brazilian Soccer Federation, just days 
before qualifying matches were to begin, and Tele Santana, coach ta the' 
1982 World Cup team, was hired to replace him. 

litc Coutta 

The federation's president, Giulite Couttabo, and its senior director, 
Dflson Guedes, reportedly decided to dismiss de Macedo following three 
loses ta six friendly matches with other Latin American teams. After 
returning from this week’s loss in Chile, de Macedo demanded police 
protection from angry fans at the airport 
Brazil must beat Bolivia and Paraguay in qualifying marr^^c starting 
June 3 to secure a place ta next year’s World Cup finals ta Mexico. But 
such stars as Zico, Junior, Cerezo, Socrates and others now have returned 
from playing in Italy and will be available for those matches. 

Zico Found Guilty by Italian Court 



UDINE, Italy (UPI) — Brazilian soccer star Sco, who 
Udinese, Thursday was sentenced to eight months ta prison 
$830,000 for taking $600,000 oat ta Italy illegally. 

A local court declared Zico guilty ta illegal exportation ta currency in 
arr angin g to get money out ta Italy through a 1983 publicity contract he 
signed with a London firm in Switzerland. A defense attorney said the 
verdict will he appealed in a higher court 
After appearing in court Wednesday, Zico had flown to Brazil to join 
his national team ta preparing for the World Cop. 

Simons, Hinkle Lead Memorial Golf 

DUBLIN, Ohio (AP) — Former champion Jim Simons holed three 
shots from off the green o* the way to an erratic, 5-under-par 67 that tied 
him for the lead with Lon Hinkle after Thursday’s first round ta the 
Memorial golf tournament and said, “How often do you do that? Once 

Mmi fruir nr Fiw vp-nre ” 

got his 67 by one-putting for par on 

— r» « j u -v , * ^ windsw ^P I * Ute-yard course. At 68 

were Dave Barr and Hale Irwin. 

At 69 were Tim Simpson, Bill Kranm, Scott Hoch and Lanny 
Wadkins. Jack Nicklaus, the tournament host and founder, as well as 
defending champion, got in with a 71 despite some failing on four putts in 
the 8-10 foot range and bogeys on two of his Iasi three fades. 

NFL to Explore Playing Games A 

1) LI/- I 

LINCOLNSHIRE, Illinois (AP) — The National Football League's 
team owners gave Commissioner Pete Rozefle the green light Thursday to 
exjriore holing two overseas exhibition games each year, one in Europe 
and one in To*™" 

Those games, pitting NFL t&ims against each other, would be hdd on 
^e fifth weekend of the exhibition season, but would pot start until 1987 

79 iMmC BiNiIri nlsu m am- — 111 “S 

28 teams would play ta one evesy seven years. 

The last NFL exhibition game playe J 
August 1 983, when the Minnesota'”*’ 

in Fn gland 

was in 

r - 

U : ; 



Page 22 

art buchwat n 
That Will Teach ’em 


Roger Moore’s 007 Meets Grace Jones 

widiDg war against corporate 
Oime. a new facility has just been 
bujli 10 deal with serious offenders. 

1 was taken on a tour by an 
assistant attorney general for cor- 
porate crime, who was quite proud 
of the place. 

He look me into the receiving 
area, which 
turned out to be 
a beautifully 
furnished lobby 
with leather 
chairs and 
couches and a 
TV seu 

“This is where 
we ask the de- 
fendants to wait 
while we are ne- 
gotiating a plea Budnrald 
bargaining session with their law- 

“It*s nice of you to provide a 
waiting room for them.” 

“Just because a man has commit- 
ted a corporate crime is no reason 
why he can’t be comfortable.” 

“How long do you keep him in 
the pen?" 

“It depends. If the guy wants to 
plead giuty and go along with the 
Justice Department's recommen- 
dations on punishment, we'll let 
Mm out in a couple or hours. But if 
he’s going to play hardball and try 
to get off lightly, well keep him in 
here until be misses his business 

“I had heard your corporate 
criminal division was tough, but I 
never thought you'd make someone 
miss a business lunch." 

'World’s Strongest Beer’ 
Is Brewed by Briton 

United Press International 

LONDON — A British pub 
owner cl aims that in Vh years of 
experimenting he has produced the 
world’s strongest beer — about one 
quarter the strength of whiskey. 

Roger NowilL owner of the Frog 
and Parrot pub in the northern city 
of Sheffield, said Thursday that his 
concoction, which he calls “Roger 
and Out,” is so strong he will sell it 
only by the half pint and limit his 
customers to three glasses. “I did it 
as a service to my customers, who 
like good strong beer at a sensible 
price.” he said. 


All the leather choirs were taken. 
“Is that man in the pin-striped suit 
over there a white-collar criminal?” 

“No.” he replied. “That’s his 
lawyer. The other fellow in a pin- 
striped suit is the criminal The 
toughest thing about prosecuting 
corporate crime is you can’t ted the 
defendants from the lawyers.” 

My guide pointed over to a large 
sign on the wall “That’s our rate 
card for each white-collar crime. 
We put it up there so the defen- 
dants can study it while waiting to 
see a Justice Department attor- 

“The rates seem very reason- 
able,” I said. 

“We try to keep them low so we 
don't have to go to trial,” he said. 
“It’s to our advantage to settle out 
of court and save the taxpayer 

“What did that guy reading The 
Wall Street Journal over there do?” 

“He’s a contractor and we have 
540 counts a gains t him for over- 
charging the Defense Department 
$10 million for missile parts.” 

“He doesn’t seem very worried.” 

“He better be. We’re going to 
fine his company $5,000." 

“Will be pay it?” 

“He will if he doesn't want a 
long, drawn-out trial with a lot of 

E ublicity. We don’t fool around 


“Okay, so lei’s say he agrees to 
pay the $5,000. Thai what hap- 

My guide led me into a quiet 
carpeted room. “After the defen- 
dant agrees to plead guilty and pay 
his fine we bring him in here and 
make him swear an this Bible that 
he will never do it again." 

“Do what again?" 

“Commit a corporate crime." 
“And that’s it?* 

“Not by a long shot.” he said. 
“Over here is where the real pun- 
ishment is meted out. Yoa see this 
wooden block? Well, every person 
who pleads guilty has to put his 
hand on the block. Then the attor- 
ney general or one of the assistants 
slaps him on the wrist" 

“Is it painful?” 

“Put your hand up here and find 
out for yourself.” 

I did and be slapped my wrist as 
hard as be could. & Did it hurt?” he 
asked me. 

I thought about it for a moment 
and then said. “Ouch.” 


By Robert Hilbum 

Los Angeles Tunes Sendee 

I OS ANGELES— Grace Jones 
s was hours late for the shoot- 
ing of a new Honda motor scooter 
commercial Her manager. Bob 
Caviano. was apologetic, blaming 
unexpected complications. Please 
be patient he advised. 

But the folks from the ad agen- 
cy were nervous. Millions were 
riding on this campaign to erase 
the old notion that these shiny 
new scooters were just for nerds. 

The commercial was scheduled 
to coincide with “A View to a 
Kill” the James Bond movie re- 
leased Friday in the United 
States, which exposes Grace 
Jones to an entirely new public. 

Jones, long known in pop and 
photography modeling circles for 
her flesh *n' fantasy escapades, 
plays May Day, described in the 
press kit as “a woman who com- 
mits herself to murder and love- 
making with equal amounts of 

If that sounds like a healthy 
of good 007 fun, the Honda 
set certainly provided no parallel 
emotion. As the hours crawled by 
without a sign of Jones, the film 
crew turned to jokes to combat 
the boredom caused by this ap- 
parent pnma donna. 

Finally, four hours after the 
shoot was to have begun, Jones 
swept into the room, in a black 
leather jacket (no blouse) and 
matching pants. Sitting atop a 
bright red scooter, she rehearsed 
her lines a couple of times, then 
read them for the camera. 

She fixed her penetrating eyes 
in a cold stare that would make a 

rfra rging ynnimtain ]iOD reassess 

the situation. Her novel hairstyle 
— resembling both a golf tee and 
an old-fashioned bellman's cap — 
suggested a limitless daring. 

The takes went marvelously — 
the crew, ad men and agency reps 
burst into applause. 

Despite her late arrival Jones 
took control and charmed every- 
one in the process. She joked with 
crew members between takes and 
was willing to do the scene any 
way the director suggested. 

“Most pen'ormeis take them- 
selves too seriously,” she said late 
that night, when the commercial 
was done. “They forget there is a 
difference between the characters 
they play on the screen or stage 
and themselves, but the public 

‘Most performers take themselves too seriously. 

doesn’t forget there is a differ- 
ence. They see how silly it is if you 
try to be the same person all the 

Of her own outspoken manner 
and striking ima ge, she added: 
“As a little child. 1 wasn't allowed 
kj do anything.” She was raised 
by grandparents in Jamaica, who, 
she said, were very strict: “no tele- 
virion, no radio, no movies, noth- 
ing. I wasn’t even allowed to 
straighten my hair or wear open- 
toed shoes. They thought I was 
being too worldly. 

“I didn’t even have a sense of 
who 1 was except the daughter of 
this person and the niece of that 
one. Even when I moved to Syra- 
cuse [New York] to live with my 

parents when I was 13, 1 had to go 
by stria rules. I decided when I 
left home I was going to com- 
pletely freak out and find out who 
I am. I’ve been searching ever 
since. The one thing I told myself: 
Neva compromise.” 

Jones, who is in ha early 30s, 
first gained attention as a model 
in Paris. Then she was hailed as a 
pop performer who came up with 
such seductive disco-new wave 
gems as “Pull Up to the Bumper." 

Ha main career goal however, 
has always been films. “I loved all 
those classic figures from the '30s 
and ’40s — Bate Davis, Joan 
Crawford, Humphrey Bogart, 
Rita Hayworth. They had such 

glamour and style. I loved the 
movies of those antes too — so 
much attention paid to details, 
li ghts , clothin g, the way the stu- 
dios would develop talent. 

There's just not that care anymore 
in Hollywood." 

Jones recognized early that rite 
was good at attracting attention. 
“The more different you looked 
the more attention people would 
pay to you. Being different came 
to me naturally. Besides, I was 
different by the time I got to Syra- 
cuse. I had this funny accent and I 
was from Jamaica. 

“I saw that people woe fasci- 
nated by my aura. But that's just 
me. It's something that comes 
from my grandfather. He's 95, 
and I was in Jamaica for his birth- 
day and people are afraid to ap- 
proach him. He's got this inde- 
pendent, I-don t-need-you 
attitude, and Fm tike that too." 

Though she had ha Gist major 
role in “Conan the Destroyer" 
last year, Jones — a big Bond fan 
herself — had already landed the 
part in the Bond movie. In fact, 
the co-producer, Albert R. Broc- 
coli had beat after ha for some 
time, but their schedules didn't 
work out, she said. 

“They were looking for real 
muscular women for the Bond 
girls, these body-bmlding types, 
but Mr. Broccoli said they were 
just too much muscle, realty ugty. 
1 had the right amount of musdes 
and feminine qualities." 

She added with a laugh. “I 
looked believable, Eire I could 

The transition from pep music 
to films is a difficult (me that even 
Mick Jagaer and David Bowie 
still havon fuDy mastered. 

“When you become such a 
strong personality in music, it’s 
hard for people to accept you as a 
different character,” rite said. 
“The difference in my case is I 
always did theater. I always did 
acting with my muse. I wasn’t 
there with a band, jumping up 
and down on the stage. I was a 
character who happened to sing.” 

An album for Manhattan Re- 
cords is due this fall and rite may 
tour late in the year. Meanwhile, 
she is considering several more 
film offers. 

“I fed very good about my ca- 
reer because rve never had to 
compromise,” she said. “I believe 
in individuality, that everybody is 

special an d it’s up to than to find 
that quality and la it live. It’s like 
the commercial: “Where you go is - 
entirely up to you.’ ” 

■ Strenuous Watdmg 

As lavishly escapist as they are, 
the latest James Bond films have 
become strenuous to watch, now 
that the business of maintaining. 
Band’s rasnal savoir-faire looks 
like such a monumental chore, 
Janet Mariin wrote in The New 
York Times. 

The effort involved in keeping 
Roger Moore’s 007 impervious to 
age. Hiang m g times or sheer 
vu seems overwhelming, especial- 
ly since so much additional ener- 
gy goes into deflecting attention 
away from Him and onto the ever- 
stronger supporting characters 
whose presence is meant to reju- 
venate the Bond formula. _ 

In “A View to a Kill” those 
efforts pay off only during the 
early sections, when the film 
seems determined to be a bigger 
and better variation on Bonds 
gone by- Tie first moments bring 
spectacular iceberg scenery, an- 
other dayyfing title sequence (by 
Maurice Binder, arguably the real 
hero of the series), an instant-hit 
title song by Duran Duran, a cha- 
teau larga than any known train 
station, and Grace Jones. 

For an encore, the film visits 
the San Andreas Fault, thcErffd 
Tower and the Golden Gate. 

But as die scenery improves, 
the Bond films lose personality; 
in deed John Glen (who directed 
this and “For Your Eyes Only”) 
has referred to himself as “almost 

a managing director” on the Bond 
team. Moore is dapper as ever, 
but here he is overpowered by his 
surroundings, and the screenplay 
(by Richard Maibaum and Mi- 
chad G. Wilson) has few flashes 
nf the customary Band humor. He 
is not hdped by the less-than- 
d ynnmic. nfot twists involving Sili- 
con Valley, nor by Tanya 
(“Sheena”) Roberts, a Barbie doll 
brought to fife in the multifaceted 
role of a geologist who is Bond’s 
leading lady. 

The story rats Bond against a 
wicked financier who has,ms very 
own bHmp,a vast estate and a plot 
to destroy a large part of Califor- 
nia, bat die film makers have tak- 


Peter Sellers’s Ex-Wife 
Whs Damages for Fihn 

The actress Lynne Frederick was 
awarded SI mOtion ^ 

ho- claim that the 

the Pink Panther, ^ted foe 
memory of her late tosbantlte 
actor Peter SeBeri But the J5gh 
Court in London refused to grant 
the request by Frederick. 
and married to a Los Angeles sur- 
geon, for an irgunctiofl against fur- 
ther showing of the fibre The fihn 
used discarded clips from the five 
previous Pink Panther fiUr*. m 
which Sellers starred as the bum- 
bling Inspector Ckmseare It was 
rejea^dm October 1982. wo years 
after Sellers died. The movie was 
made by United Artists, the direc- 
tor Blake Edwards and Lakeline 
Productions, which is owned by 
Edwards’ wife, the ringer JaBe An- 


WoK-Dieter Hauschfld, the East 
German conductor, has announced 
he will remain in West Germany. 
T™ a statement released by the 

I I 

because the East Goman 
government broke its promise to la 
him travel bade and forth to Stutt- 
gart, where be is scheduled to be 
the leading guest conductor of the 
Stutt gar t philharmonic orchestra. 

Hauschiid, 49, is head conductor of 
the Leipzig Radio orchestra and 
the Leipzig Radio choir. He was 
aiw chosen as musical director at 
the performance of Weber’s “Da 
Freischtitz” in February for the re- 
opening of Dresden’s Semper op- 
era house, 40 years after it was 
destroyed in air raids. . . . The 
San Francisco Opera announced 
that Britain’s Sir John Pritchard, 
chief conductor of the British 
Broadcasting Corporation Sym- 
phony Orchestra, has been named 
the opera’s first music director. 
Pritchard, an authority on Mozart, 
is also chief conductor of the Co- 
logne Opera and music director of 
theTWfflie Royal de la Monnaie in 


doesn’t do much with ha dia- 
logue, but ha startling visual 
presence is one of the film's bigger 

he isn't quite sure wfaaz The Right 
Stuff” is but he was one of 12 
people, inrindmg Frank Sinatra, 
James Stewait and Jeane Kirkpat- 
rick. to receive the Presidential 
Medal of Freedom from President 
PintaiH e-y A 13th recipient. 
Mother Teresa, was unable, to at- 
tend and wifi receive her medal 





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