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Full text of "International Herald Tribune , 1994, France, English"

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Paris, Wednesday, March 2, 1994 



No. 34,525 


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Zulus’ Leader Hedges 

On Boycott of Election 

After Talks With Mandela, Buthelezi 
Moves to End Deadlock Over Vote 


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By Paul Taylor 

Washington Peat Service 

DURBAN — In a move that could make 
South Africa's first democratic election cam- 
paign less blood-stained, the leader of the 
Inkatba Freedom Parry, Chief Mangosuthu 
Bmhdezi, said Tuesday that he would con- 
sider provisionally registering his party to 
participate in the April 26-28 vote. 

Chief Buthelezi made the offer after a sur- 
prisingly fruitful daylong meeting with the 
presideni 


lent of the African National' Congress, 
Mandela. In return. Mr. Mandela 
said his organization would consider submit- 
ting the two party’s disagreements over a 
range of constitutional issues to international 
mediation. 

Although the agreement is conditional and 
does not address substantive differences, it 
represents the most important step toward an 
all-inclusive election since fnlcatha and a 
group of other white and black conservative 
parties known as the Freedom Alliance 
pulled out of multiparty constitutional talks 
in July. It wiB put pressure on other boycott- 
ing parties to reconsider their position. 

“1 came in high spirits and I leave in even 
higher spirit s,” a beaming Mr. Mandela told 
the press after talks with Chief Buthelezi. 
“We have laid the groundwork for future 
progress." 

Chief Buthelezi who had opened the tulles 
with a severely worded, five-page statement 
that attacked "You, Mr. Mandela" for forc- 
ing a “fatally flawed" constitution through 
the multiparty talks, ended the day by extol- 


ling the “cordiality, friendship and love” that 
had prevailed during the session. 

The two men, whose once- respectful rela- 
tionship has been poisoned by the thousands 
of lives lost in factional fights between sup- 
porters, spent the first 45 minutes of the 
meeting away from their respective delega- 
tions in one-on-one talks. When they 
emerged, they were smiling broadly and hold- 
ing hands. “We’re really very fond of each 
other," Mr. Mandela told the press, causing 
more than a few eyebrows to arch. 

Chief Buthelezi’ s Zulu-dominated party 
has until Friday to register Tor the election, 
which will be the first in South Africa's histo- 
ry in which blacks as well as whites will be 
allowed to vote. 

He made it clear that he did not consider 
the act of registering tantamount to agreeing 
to contest the election. That decision, be said, 
will be made closer to the balloting, when be 
and bis party will be able to assess the pro- 
gress made in international mediation or oth- 
er forums. 

By agreeing to have his party cm the bahoL, 
however. Chief Buthelezi knows he has un- 
dercut the credibility and effectiveness of any 
election boycott he may choose to invoke. 
“It’s little Like being half pregnant," a diplo- 
mat said. “It doesn't work. Once you're in, 
you're in." 

Presideni Bill Clinton and Prime Minister 
John Major sent a joint appeal to Mr. Man- 
dela and Mr. Buthelezi urging a successful 
meeting. Diplomatic sources said that the 
proposal for international mediation did not 



Witar DHidMiMftSkx Fdw-Frw 

Chief Mangosuthu Buthelezi, left, and Nelson Mandela mi Tuesday 1 in Durban, after their first trite in nine months. 


come from them or other outsiders, but from 
Chief Buthelezi 

Shortly after the meeting ended, a spokes- 
man for the black homeland government of 
Bophuihatswana said it would consider 
abandoning its threatened election boycott if 
its constitutional grievances could be submit- 
ted to international mediation. 

The third major boycotting party, the Afri- 
kaner Volks front, has not yet commented. 


but it, too, is on record supporting interna- 
tional mediation. 

The ANC has until now resisted such a 
move, as it has been able to dominate the 
internal negotiating process by dint of its 
overwhelming popular support But diplo- 
matic sources said that submitting to interna- 
tional mediation was a relatively low-risk 
concesaon by the ANC. They enjoy the mor- 
al high ground with the international commu- 


nity, while some of the boycotting parties are 
p ushing for separate states based on race or 
ethnicity. 

Whether Inkaiha's half-step into the elec- 
tion campaign will substantially reduce vote- 
related violence is difficult to predict. Sup- 
porters of Inkatha and the ANC have been 
murdering each other for the past decade, 
long before a democratic election was a gleam 
in anyone’s eye. 


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Strong U.S. Economic Data Fan Inflation Fears, Riling Markets 



By Lawrence Malkin 

International Herald Tribune 

NEW YORK — An attack of mterest-ratejitters upset the 
world's nervous financial markets Tuesday as bullish U.S. 
economic indicators stoked fears about reviving inflation. 

Even the government tried to calm the markets and stay 
the hand of the Federal Reserve Board, but the efforts had 
little effect on WaD Street, where the Dow Jones industrial 
average tumbled 22.79 points, to 3,809.23, and the bench- 


mark 30-year Treasury bond phmgpd 1 15/32, to 93 9/32, in 
late trading The long bond yield jumped to 6.78 percent.' 
from 6.66 Monday. 

President Bin Clinton pointed to low and steady inflation 
despite surprisingly strong economic growth. Fourth-quar- 
ter gross domestic product was revised to reflect growth of 
7 J percent, a pace that no one expects to continue. 

But what really frightened the market was a sharp rise the 
National Association of Purchasing Management's manu- 
facturing price index for February, which jumped to 67.0 


from 59.8 in January. The index is closely watched by the 
Federal Reserve Board when de termining the direction of 
interest rates. While the overall index slipped, demand 
indexes for materials and labor rose and supplier deliveries 
were at their highest level since June 1989. 

“This shows we are wiping out the slack in our economy 
and setting up the potential for an inflation problem down 
the road," said Allen Sinai, chief economist at Lehman 
Brothers. “That’s why the central bank was right to move 
when it did." 


Traders expect the Fed to raise interest rates again, and in 
effect helped do the central bank’s work by driving up the 
rates on short-term Treasury Mis and notes. Markets have 
already priced in a federal funds rate of 3.75 percent — half 
a percentage point above the level to which the Fed raised 
this key price of money only a month ago — and if the 
central bank does not follow, “it will be seen as weak and 
bond yields will just go up again," said Sam Kalian, an 

See GROWTH, Page 12 


PIA) Shrugs Off Small Blunders and Blind Spots Revealed in Hebron 


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Israel’s Release 
Of Detainees 


By Alan Cowell 

- . New York Tunes Service 

JERUSALEM — In a continuing effort to 
assuage Palestinian grief and rage following the 
massacre of worshipers in a Hebron mosque, 
the Israeli authorities released hundreds OF Pal- 
estinian detainees Tuesday, transporting them 
in shuttered buses from prison to tbeir cur- 
fewed homes in the occupied West Bank and 
Gaza Strip. 

The Israeli decision to release the prisoners 
drew no evident approval from local Palestin- 
ians or from the Palestine Liberation Organiza- 
tion, and even the scale of the massacre seemed 
headed for new dispute. 

[Dismissing Israel's offer to allow interna- 
tional rivifian observers into Gaza and the 
Jericho area as insufficient, the PLO decided 
Tuesday to send a mission to Washington to 
spelTom its conditions for resuming peace talks 
with IsrariL Pa^e 2.] 

After the slaughter Friday by a Jewish settler. 
Dr. Baruch Goldstein, initial estimates of the 
death toll ran as hi gh as 50. Palestinian hospital 
officials at the time produced a list of 49 people 
known to have died. 

However, Major General Danny Yalom, the 
"■West Bank army commander, told a parti amoi- 
tary c ommi ttee that a preliminary investigation 
put the number killed by Dr. Goldstein at 30, 
with five more shot to death by sol diers in 
subsequent skirmishes elsewhere in Hebron. 

The variance in the estimates seemed star- 
tlingly wide and was ascribed in part by army 
o fficials to confusion over Arab names, with 
some: victims reported dead under differently 
spelled identities, and some wounded being 
reported as fatalities. 

An army spokesman said the new fimrre was 
based on interviews with victims' famines and 
with the wounded, and General Yatom said 
there could still be “some changes” in the 
details. It was not dear, though, whether the 
ore took account of the Palestinian practice 
quickly removing bodies for burial without 

See PEACE, Page 4 


By David Hoffman 

Washington Past Service 

JERUSALEM — When the militant Jewish 
settler Baruch Goldstein arrived at thcTomb of 
the Patriarchs he was not challenged for carry- 
ing five dips of ammuni tion into the mosque. 

He was not searched. Israeli Army guards did 
not ask why he was wearing bis army doctor’s 
uniform, although he was widely known as one 
of the "cave mesugganeh or “crazies” — the 
settlers who constantly harassed Arabs inside 
the tomb's mosque. 


It was dawn, and the soldiers at the edifice 
were already short of the usual Friday comple- 
ment of four paramilitary border guards, who 
were 20 minutes late arriving for thetr shift. 

Support for Yasser Arafat and the PLO 
pfamges in the Gaza Strip. Page 2. 

When the border guards finally got there, Dr. 
Goldstein had already killed dozens of Pales- 
tinians as they knelt in prayer inside. 

The massacre has been attributed by Israeli 


leaders to the actions of a lone “lunatic," a 
doctor who had emotional problems and a deep 
hatred of Arabs. An Israeli general, Danny, 
Yalom. said there was “no force in the world" 
able to stop a determined assassin or terrorist, 
given the dose quarters shared by Israelis and 
Palestinians. 

Knowledgeable military and political ana- 
lysts pointed to both small Wonders and large 
blind spots that made it remarkably simple for 
Dr. Goldstein to enter a mosque crowddi with 
Muslims at Friday . 


From the prime minister to the lowest sol- 
dier, Israelis have focused for nearly a half- 
century on the threat from Arabs, not Jews. 
Although members of a Jewish underground 
were apprehended a decade ago and militant 
settlers have long been making vocal threats 


s potent 
lence on such a grand scale. 

As a soldier wearing a uniform carrying a 

See TOMB, Page 4 


EU Approves 
Membership 
For a Trio of 
New Partners 

Norway Is Lone Holdout 
As Sweden, Austria and 
Finland Agree on Terms 

By Toro Buerkle 

International Herald Tribune 

BRUSSELS — The European Union look a 
major step Tuesday toward reviving its political 
momentum and becoming the world's largest 
trade bloc by sealing membership agreements 
with Sweden, Finland and Austria. 

An accord with Norway was still being nego- 
tiated. 

Negotiators Tuesday night resolved the last 
hurdle with Austria, which was Vienna’s de- 
mand to maintain strict limits on track traffic 
in the Tyrohan Alps for 10 years. 

Norway posed a greater obstacle because of 
its refusal to grant access to its fishing waters 
for Spain, Poraigal and Ireland. But Norwegian 
and EU officials expressed optimism that the 
issue could be resolved when ministers resumed 
talks next Tuesday. That is two days before 
March 10, the negotiating deadline to allow the 
countries to enter the Union by the target date 
of Jan. 1, 1995. 

Driven largely by German ambitions to ex- 
tend the Union's frontiers to the north and east, 
EU negotiators rescued the talks from collapse 
during an all-night bargaining marathon by 
offering a new aid package to the four coun- 
tries' heavily subsidized farmers. 

The compromise came after Foreign Minis- 
ter Klaus Kinkel of Germany warned his col- 
leagues that failure would leave the four coun- 
tries in a political limbo between East and 
West, would dash hopes of extending the Union 
into Eastern Europe and would threaten the 
stability of the existing 12 EU members, ac- 
cording to sources at the talks. 

“I don’t think anyone wanted to leave here 
without developing Europe," said Dick Spring, 
Ireland's foreign minis ter. An enlarged Europe 
was important for political and economic sta- 
bility, be added. 

Membership agreements must be ratified by 
parliaments and referendums in the four coun- 
tries. Given that Norway voted down an early 
membership accord in 1973, and the fact that 
only polls m Finland have shown steady sop- 
port for membership, ratification is far from 
certain. 

The prospect of a larger European Union left 
many questions unanswered about power-shar- 
ing within the bloc. 

The existing 12 members put off for a week 
the resolution of a Spanish demand to leave 
unchanged voting rules that allow as few as 
three states, such as Spain, Italy and Greece, to 
block major EU initiatives. 

Spain feats the addition of the Nordic states 
wiB weaken the ability of Mediterranean coun- 
tries to defend their agricultural interests. But 
Mr. Kinkel, who wants to make it more difficult 
for members to block EU action, said he wel- 
comed the entry of the four candidates precise- 
ly because it would shift the balance of power 

See EU, Page 4 



Backed by Russians, Serbs 
To Let Aid Into Enclave 


Gennadi (Upeinv Room 


Foreign Minister Andrei V. Kmjnr, led; and the Bosnian Serbian leader, Ridoran Kandzic, «fter tilfa in Moscow on Itasday. 


Compiled by Our Staff From Dispatches 

MOSCOW — The Bosnian Serbs' leader, 
Radovan Karadzic, said Tuesday that his forces- 
would allow aid flights into the besieged Mus- 
lim enclave of Tuzla for the first time since the 
Bosnian war erupted almost two years ago. 

Mr. Karadzic, who met here with the Russian 
foreign minister, Andrei V. Kozyrev, linked the 
opening of the Tuzla airport with a Russian 
co mmi tment to send peacekeeping troops to 
ensure that supplies airlifted into the northern 
Bosnian town were purely humanitarian. 

The two runways of the Tuzla airport were 
damaged by artiHory fire in May 1992, and the 
airport has been closed ever since. 

At peace talks in Washington, Muslims and 
Croats were ready to sign a preliminary agree- 
ment to create a confederation in the strife- torn 
former Yugoslav republic, the Croatian foreign 
minister said Tuesday. 

“We arejnst now in the final stages of negoti- 
ations," said Foreign Minister Mate Cmnc at 
the start of a meeting with Vice President A1 
Gore. 

Bosnian Muslims and Croats are in their 
fourth day of negotiations in Washington in an 
effort to reach agreement on a U.S. proposal for 
the creation of a federation. 

“They are still engaged in talks and we are 


relatively hopeful there might be something this 
afternoon." a U.S. official said. ‘They may get 
there and they may not" 

Mr. Granie gave no details of (he proposed 
agreement. 

The United States proposed that the Mus- 
lims and Croats form one entity combining (he 
territory they control in Bosma-Herzegovina. 

ABhougfr NATO has dem onst rated its pofttical 
wiB to act, serious questions remain. Page 4 

The next step would to induce the Bosnian 
Serbs, who have captured much of the territory 
in the former Yugoslav republic, to agree to a 
two- republic state. 

Under the U.S. plan, the Muslim-Croat fed- 
eration would seek economic ties with Croatia. 

While Mr. Granie and Mr. Gore were meet- 
ing, President BQl Clinton and Prime Minister 
John Major of Britain emerged from the White 
House after an overnight visit by Mr. Major 
and said that they planned to work together 
“for a resolution of the crisis" in Bosnia. 

The two leaders said they were in agreement 
on Bosnia. 

"There's no doubt that we see the problems 
of B osnia in the same light,” Mr. Major said. 

See BOSNIA, Page 4 


CARIBBEAN . 

— ' 



Slovine Sends Shivers Through Japan’s Boardrooms 

•r ® „r * 1 * .iDvino Adrad about oossibfe mobster in- about the firm’s dividend policy and 


By Paul Blustdn 

Washington Post Service 

TOKYO — Nobody knows for sure why 
Juntaro Snwiki, a senior executive of Fuji Kioto 
Film Gk, was hacked to death with a sword 
ottside Ms home. 


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speculation about the attack cratered rat the comments, 
theory that Mr. Suzuki was kffledjor refusing 
to pay extortion money from Fuji's coffers to 
gangsters who specialize in disrupting compa- 
nies' annual meetings. 

Mr. Suzuki 61, was stabbed in his neck, arms 


But the company has become a target erf 
sokaiya, racketeers who extort money from ma- 

Tfce Bank of Japan says that it sees no “posi- 
tive pooT of economic recovery. Page 1L 


IUI/UWU J 

check on someone who had rung his doorbeU, 
according to the police. Witnesses were quoted 
as saying they saw a man brandishing a samurai 

quarrel, followed by a scream, after which me 
found her husband collapsed and bleeding. He 
died shortly after being taken to a hospital. 


ihat Se compraywas shocked and angered by 


meet at annnai meetings. Often affiliated with 
major yakuztt, or underworld, organizations, 
sokaiya buy a few shares of a company's stock 
and exploit the preference of Japanese execu- 
tives for quick, hassle-free annual meetings. 

Fuji Film ’s wnnal meeting on Jan. 19 was 
disrupted by about 20 sokaiya, who harangued 
the company's president, Minoru Ohni.sht, for 
more than four hours with critical questions 


other 

matters- One sokaiya with links to Yamaguchi- 
Guini, the hugest yakuza organization, threw 
three liquor bottles at Mr. Ohnishi and was 
arrested. In the weeks since the meeting, police 
have been patrolling the homes of several Fuji 
executives. 

Mr. Suzuki was promoted in January 1991 to 
a position in which he hdd responsibility for 
the shareholders' meetings, and be evidently 
was not wiUinj 
because 

growing in length, 
year’s meeting, however, and as a result was not 
among the Fuji officials protected by police. 

His murder suggests that the sokaiya may be 
growing bolder and more desperate as a remit 
of a crackdown on tbeir activities that has 
sharply reduced their numbers and their in- 
comes. 



Kiosk 


Gunfire Wounds Jews in New York 


Dow Jones I Trib Index 



The Dollar 

NbwYwK. TUBB.Ctoft pfgLtaBdqgfli 


DM 


1.7085 


1.7042 


Pound 

1.4895 

1.4855 

Yen 

104.55 

104.585 

FF 

5.8185 

5.7905 

Book Review 


Page 4. 

Crossword 


Page 72. 

Wetnher 


Page 22. 


NEW YORK (AP) — A van carrying 
about a dozen Hasidic Jews was hit with 
gunfire Tuesday from a car near the Brook- 
lyn Bridge, the police said. At least four 
people were wounded, two critically. 

The police said they had no confirmed, 
description of the assail am or assailants. 

Mayor Rudolph Giuliani said there was 
“no suggestion there is any connection be- 
tween this and any other incident.” He was 
alluding to the mosque massacre in the Is- 
radi-oraupied West Bank on Friday in 
which a Jewish settler from Brooklyn 
dozens of Muslim worshipers. 

“As best we can tdl," the mayor said, “it 
was a traffic dispute" 






A Peacemaker Feels 
Palestinians 9 Wrath 


Arafat Loses Backing in Gaza 
As Settlement Issue Beats Up 


By Caiyle Muiphy 

Washington Post Service 

GAZA CITY — A silent rage 
has descended on this barren bat- 
tleground of Israeli occupation 
since a Jewish settler massacred 
dozens of Palestinians at prayer in 
Hebron on Friday. 

Amid the anger, support for 
Yasser Arafat and his Palestine 
Liberation Organization has tom- 
bled nearly to rock bottom among 
Gazans, the vmy people who would 
be the first to profit from the seif- 
role accord the PLO leader has 
been painstakingly negotiating 
with Israel 

Although their sentiments may 
change again once the outrage sub- 
sides, Gazans for the moment have 
reserved their keenest wrath for the 
man who signed the histone Israeli- 
PLO peace accord in Washington 
in September. 

“Arafat is not our leader,” spat a 
man with a stubble of beard who 
had helped bury an 18-year-old 
youth snot and killed by Israeli 
troops here on Sunday during a 
confrontation at Shafac Mosque. 
“Whoever kills Jews . . . that’s our 
leader. Our leader is who stays with 
us, feels with us our pain, who 
struggles with us.” 

Another man held his nose and 
grimaced at the mention of Mr. 
Arafat's name. 

A few blocks away, an Israeli 
helicopter hovered above a plume 
of black smoke rising against the 
blue sky. and a loudspeaker at a 
nearby mosque was blaring a call to 
arms into the soft Mediterranean 
breeze: 

“This is a religious war between 
us and the Jews. Now we have to 
struggle under the flag of Islam.” 

“Where is peace? What peace? 
They are deceiving us," said anoth- 
er man who had taken part in the 
slain youth's buriaL 

“They call as terrorists, but what 
can we call them?” asked another. 

As news of the Hebron killing s 
swept through the Gaza Strip, resi- 
dents here defiantly retreated be- 
hind closed doors to observe a 
three-day went stoppage in memo- 
ry of the victims, even as Israel 
imposed a daylight curfew and 
sealed off Gaza from Israel 

Although there have been spo- 
radic clashes between stone-throw- 
ing youths and Israeli troops 
throughout the territory since then, 
most people have remained at 
home. 

Some downtown streets in Gaza 
Gty looked like they were battened 
down for a hurricane. Every door, 
scrawled with graffiti, was shut- 
tered. While squads of Israeli sol- 
diers enforced the curfew, young 
Palestinians enforced the strike, 
blocking roads with rusting bed- 


ShockingEnd for 46 Cows 

Reuters 

MAIDSTONE, England — For- 
ty-six cows at a farm in southern 
England were electrocuted during 
milking on Tuesday when a fault in 
the mulring machine sent lethal 
shocks through their udders. 


springs, old refrigerators and trash 
containers. 

Behind the tense sOence, howev- 
er, was a loud message, from both 
moderates and extremists within 
the Palestinian leadership in the 
Gaza Strip. 

It is a message likely to affect the 
future of the Israeh-PLO peace 
process: Mr. Arafat can no longer 
count on strong support if he re- 
sumes negotiations without the fate 
of the 17 Jewish settlements in the 
Gaza Strip high on the agenda. It 
was a militant Jewish settler, Ba- 
ruch Goldstein, who opened fire in 
the crowded mosque in Hebron. 

“Abu Amar is in a comer," said 
Frieh Abu Middam, a lawyer and 
Arafat supporter, using Mr. Ara- 
fat's nickname. “Gaza supported 
the peace process; it was a strong 
place for Abu Amar.” 

But he added, “We moderates 
lost the majority.” 

“The most important thing is 
how to get rid of this cancer of the 
settlements,” said Zakarai Agha, a 
physician who is an Arafat loyalist, 
adding that Palestinians had been 
ready to put off resolution of the 
settlements issue until supplemen- 
tary negotiations on the final ex- 
tent of Palestinian self-rule. 

“But now, no Palestinian negoti- 
ator can overlook this issue. The 
peace process is severely endan- 
gered, and I'm afraid the support is 
yen' low now." 

m numerous interviews since the 
massacre, this plaint was inteust- 
fied into a warning: The 3,500 Jew- 
ish settlers of Gaza face increased 
danger from the 850,000 Palestin- 
ians among whom they live. 

“My expectation is that new cells 
and new secret groups will form to 
fight settlers, not just the Israeli 
Aimy," Mr. Mid dam said. “This is 
the main target in the future.” 

At the local PLO office — whose 
wall features a defaced portrait of 
Mr. Arafat — Diab Louh, a senior 
member of Mr. Arafat’s main- 
stream PLO Fatah faction warned 
that an agreement Fatah militants 
made after the September accord to 
halt attacks on Israelis has been 
shattered. 

“I'm confirming that we are go- 
ing to run after those settlers and 
also the military forces until their 
withdrawal will be complete from 
our lands,” Mr. Louh said. “The 
war hasn't stepped.” 

The political leverage among 
Palestinians, many here said, is 
now shifting increasingly in favor 
of Hamas, a militant I slamic move- 
ment that opposes negotiations 
with Israel in favor of a continued 
armed struggle. 

“The fundamentalists are gain- 
ing power," Mr. Middain said. 

For their part, Hamas supporters 
see the massacre as heaven-sent 
justification of their position. 

“Since the massacre occurred, 
the popularity of Arafat has 
dropped remarkably,” said Mah- 
moud Zahar, dean of the nursing 
school at Islamic University, “I 
think be is passing into a very dan- 
gerous and irreversible policy with 
Israel" 

If they insist on going to negotia- 
tions, nobody will accept any peace 
agreement," he said. 


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Journalist for Algerian TV Is Slain 


PARIS (Reuters) — Gunmen lolled a journalist for the Algerian state 
television station ENTV, the official Algerian press agency, APS, report- 
ed Tuesday. 

APS, monitored in Paris, blamed three aimed Muslim militants for tte 
Monday night attack against Abddkader Hirecfae, 29. Two people 
traveling with Mr. Hireche were wounded. 

At least eight Algerian journalists have been killed in violence that has 
plagued the country since the authorities in January 1992 canceled ir 
election that (he fundamentalist Islamic Salvation Front was poised'® 
win. The party was subsequently banned by an Algiers court 



i> ■ 


German State Orders Reactor Shut 


WIESBADEN, Germany (Reuters) — The state of Hesse has ordered 
the dosing of one of the country's oldest nuclear reactors because of 
safety concerns, the state environment minister, Joschka Fischer, said 
Tuesday. The national government asserted that Mr. Fischer did not have 
authority to dose the plant. 

The federal environment minister said in Bonn that the Hesse regional 
government still needed the approval of national regulatory authorities 
and invited officials from Hesse to talks on Thursday. 

The 20-year-old Bibbs reactor, near Darmstadt, has been oat of 
operation since December because of an inspection. Its operator, RWE 
AG, planned to restart it next Tuesday. 


Court Gives Songwriter New Hearing 


Ageacc Ftancr-fm 

BRUSSELS BLAST —An explosion at a Brussels apartment building killed fotff people Tuesday. The cause is being investigated. 


PLO to List Demands in Mission to U.S. 


By Alan Riding 

New York Times Sarto r 

TUNIS — Dismissing Israel’s offer to allow 
international civilian observers into the Gaza 
Strip and the Jericho area as insufficient, the 
Palestine Liberation Organization dedded 
Tuesday to send a mission to Washington to 
spdl out its conditions for resuming peace talks 
with Israel 

PLO offidals said the mission, which is ex- 
pected to leave Friday, would urge the United 
States to seek further concessions from Israel to 
enable Palestinian negotiators to return to the 
bargaining table foS owing the massacre of Pal- 
estinians in a mosque in Hebron on Friday. 

The decision to dispatch the mission came in 
response to President Bill Clinton's invitation 
to the two parties last weekend to resume peace 
talks in Washington. But the PLO officials said 
the mission, which has still not been named, 
would have no authority to negotiate and was 
unlikely to meet with Israeli officials. 

In a telephone conversation Tuesday after- 
noon with the UJS. secretary of State, Warren 
M. Christopher, Yasser Arafat reportedly ex- 
pressed the nope that the UN Security Council 
would adopt a resolution that strengthened the 
chances for peace. 


According to the Palestinian news agency, 
WAFA the PLO chairman stressed “the need 
for the Security Council to issue a resolution 
guaranteeing die safety and security of the 
Palestinians in the occupied territories, includ- 
ing East Jerusalem, and charging an interna- 
tional fence to cany that ouL” 

Earlier, after a second successive late-night 
meeting of the PLO Executive Committee, a 
senior PLO official said the Palestine Libera- 
tion Organization was particularly anxious to 
protect the 2 milli on Pales tinians in the occu- 
pied territories against armed Israeli settlers. 

The official, Yasser Abed Rabbo, said the 
PLO wanted all settlers disarmed and kept 
away from Palestinian towns and villages. It 
also wants international military observer sta- 
tions throughout the occupied West Bank and 
Gaza Strip, Mr. Rabbo said. The PLO also 
demanded the dismantling of what it called 
centers of settler “terrorism.” 

Another member of the PLO Executive Com- 
mittee, Samir Ghoushe. dismissed an offer by 
Prime Minister Yitzhak Rabin of Israel to allow 
unarmed international civilian observers to be 
stationed in the Gaza Strip and around Jericho. 

“This is a maneuver to escape tackling the 
issue seriously,” Mr. Ghoushe said. 


Ke also dismissed a decision by Israel to 
release about 500 Palestinian prisoners as “cos- 
metic surgery," saying that most of the prison- 
ers had been due for release soon and that the 
gesture did not improve security for the Pales- 
tinian population. 

The PLO has said that negotiations with 
Israel will remain suspended while it consults a 
number of governments. Mr. Arafat, who flew 
to Algiers on Monday to brief the Algerian 
government, met Tuesday with a Russian envoy 
as well as with Greece’s foreign minister, Kara- 
te PapouKas. Greece currently holds the rotat- 
ing presidency of the European Union. 

Western sperialists said that in the face of 
intensified hostility toward the peace talk* 
among many Palestinians in the occupied terri- 
tories, Mr. Arafat appeared to be playing for 
time, hoping that anti-Israeli protests would 
slowly peter out, making room for a new diplo- 
matic initiative. 

In order to rescue its battered credibility 
among many Palestinians, the specialists said, 
the PLO would not only need more concessions 
from Israel but would also have to obtain 
stronger American involvement in the peace 
process. 


Major to Press Irish Peace Efforts 


WASHINGTON (Reuters) — Prime Minister John Major, who ren 
ceived President Bill Clinton’s support for efforts to end the violence u 
Northern Ireland, said Tuesday he would press on with peace efforts 
despite recent setbacks. 

Mr. Clinton and Mr. Major met privatdy at the White House for talks 
aimed, in part, at ending tensions between the two governments over a 
recent U.S. derision to allow an IRA leader to enter the United States. 

Mr. Major sought to play down the impact of a decision Monday by 
Northern Ireland’s mum Protestant party, the Unionists, to reject multi- 
party talks on the province's future. It was the second setback toaBritish- 
lrish peace initiative wi thin 24 hoars. Ember, Sinn Fein, political wing of 
the Irish Republican Army, withheld crucial backing from the f altering 
peace efforts. 


China Shows Tape of Political Inmates 


By Patrick R Tyler 

/few York Tima Service 

BEIJING — China’s State Council spokes- 
man gathered several American journalists 
Tues day and played for them a videotape 
purporting to show that four leading political 
prisoners are in good health. 

In screening the video, the Chinese leader- 
ship appeared to be trying to deflect critidsra 
about now it treats political prisoners. It also 
coincides with the visit to Beijing of the State. 
Department's top human rights official John 
Shaituck, who is preparing the agenda for 
Secretary of State Warren M. Christopher’s 
first visit here next week. 

The presentation here followed the release 
in Washington of a letter signed by 54 sena- 
tors asserting that some Chinese political- 
prisoners have fallen dangerously ill and are 
not getting adequate medical treatment. The 
senators tailed on President Jiang Zemin to 
release five prisoners, all deemed in serious 
condition, on medical parole. 

Four of the live were featured in the video. 
They were Liu Gang, Wang Juntao, Chen 
Zimmg and Ren Wan ding, all of them con- 
victed for pro-democracy “crimes” during 
the 1989 Tiananmen Square demonstrations.- 
With one exception, the tape showed them- 
eating and chatting with family members and 
fellow inmates during the lunar new year's 
celebrations on Feb. 10. 

Given the nature of these prisoners’ report- 
ed illnesses, which include bran ailments. 


hepatitis, stomach and other internal prob- 
lems, it was impossible to draw any conclu- 
sions from the videotape other than the four 
are conscious, able to sit up at a dinn er table 
and consume food and, in the case of Lhz 
Gang, cut his birthday cake on Jan. 30 and, 
later, smoke a cigarette while playing a game 
of pool with another inmate. 

There have been a number of reports sug-. 
gesting Mr. Liu was in a desperate state of 
health from beatings and torture by other 
inmates. Chinese officials said the yideo 
showing Mr. Lin in an animated and plfcyful 
state should dispel these claims. 

Die video dip of Ren Wanding, 49, who is 
said by the State Department to be in danger 
of losing his eyesight from untreated cata- 
racts ana retinal deterioration, was shown at 
a dinner table with his wife and daughter. The 
state of Mr. Ren’s eyesight could not be 
discerned from these scenes. 

Family members of the prisoners, who 
have asked not to be specifically identified, 
say their once-a-montn visits are only al- 
lowed if they agree to have their minions 
videotaped by prison authorities. 

This month's lunar new year celebration, 
the most important family holiday in China, 
brought special requests from famil y mem- 
bers to pass the day with the political prison- 
ers. Prison officials informed the families that 
the extra vishs~wonld only be allowed if the 
families agreed to the videotaping, which in 
turn could be tunned into propaganda materi- 
al. 


The fifth political prisoner in the senators’ 
letter, Bao Tong, a senior aide to Prime Min- 
ister Zhao Ziyangin 1989, was not featured in 
the video. Mr. Bao’s medical condition is 
perhaps of greatest concern. 

A State Department document presented 
to the Chinese last October said that Mr. Bao 
has undergone five operations for polyps on 
his colon, and that subsequent blood tests 
have shown “steadily" increasing indications 
that he has an undiagnosed cancer. Two peti- 
tions for medical parole to seek treatment 
were denied in 1993, the State Department 
document says. 

President Bill Clinton reportedly raised the 
plight of Mr. Bao and other medical cases in 
his Seattle summit meeting with Mr. Jiang 
last November. 

Mr. Clinton and a procession of Ms emis- 
saries this winter have reiterated to Chinese 
leaders that unless they demonstrate “overall 
significant progress" in human rights, he win 
caned China’s low tariff trading privilege in 
the American market Accounting foe and 
releasing political prisoners is a central de- 
ment of Mr. Clin ton’s demands. 

The videotape was presented by Zeng Jian- 
hul the minister directly responsible to Prime 
Minister Li Peng for disseminating govern- 
ment policy pronouncements. Mr. Zeng, in 
playing the videotape, said he was responding 
to “distortions" in foreign news media about 
the health of several wdi-known political 
prisoners. 


Malaysia Accuses Murdoch in Feud 

KUALA LUMPUR (Combined Dispatches) — The Malaysian gov- 
ernment on Tuesday accused Rupert Murdoch, the global media execu- 
tive, of engineering British press attacks on Prime Minister Mahathir bin 
Mohamad that led Koala Lumpur to impose trade sanctions on London. 

“Murdoch seems to be using Sty television and The Times to ran down 
Dr. Mahathir," said Deputy Prime Minister Anwar Ibrahim. 

The government said last week that no new government-related con- 
tracts would be awarded to British companies. The action, in response to 
press reports saying Mr. Mahathir 's establishment took kickbacks from 
British contractors, has cost British companies billion of pounds, espe- 
cially in infrastructure and military contracts. The government was 
particularly enraged by a Feb. 20 article in The Sunday Times concerning 
allegations that a payment of $50,000 had been made by a major 
construction company, George Wimpey International (AFP, Reuters) 


India to Strengthen Military Forces 


NEW DELHI (AP) — India plans to increase spending on one of the 
world's largest armed forces by 20 percent, a new military buildup after 
three years of austerity. , 

The effect of the budget presented to Parliament on Monday was to 
advance Prime Minister P.V. Nararimha Rao’s economic restructuring 
program of the past three years, but it would also give 230 billion rupee 
($7.4 billion) to the nrihtaiy. 

Overall spending would be U trillion rupees — 17.4 potent higher 
than ilast year. The rise in military expenditures occurs at a time of riang 
tensions between India and Pakistan in their dispute over the border state 
of Kashmir. Die two countries have fought three wars since indepen- 
dence in 1947. 


For ihe Record 


The number of people in South Africa tossing after a mud slide last 
week that devastated a residential neighborhood in the town of Virginia 
has dropped to 25 while the death toll remained at 14. Most of the original 
80 listed as missing were either away or Ded to safety. Die mud engulfed 
more than 250 houses in the town southwest of Johannesburg. (AP) 


TRAVEL UPDATE 


Egypt Reopens Display of Mummies 

CAIRO (Reuters) — Egypt reopened a display of royal mummies 
about 3,500 years old on Tuesday, hoping they would help attract tourists 
scared away by Muslim militant attacks. 

The 11 mummies, taken out of exhibition in 1980, include pharaohs 
such Ramses II, who ruled Egypt for 67 years until his death in 1224 B.C- 
as well as three queens of the pharaohs. Another 16 mummies are being 
prepared for the public. 


Germans Applaud 'Schindler’s List’ 


International Herald Tribune 

“Schindler’s List" opened at a 
charity premiere Tuesday in Frank- 
furt, the city where the movie’s hero 


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died in poverty in 1974, and in 
Paris the director, Steven Spiel- 
berg, discussed the importance of 
education about the Holocaust 
with President Fran 5015 Mitter- 
rand. 


The Frankfurter AUgemeine Zd- 
tung called the movie ma g nificent 
and said that every German ought 
to see iL The factory owner who 
saved 1,200 Jews from the Nazi 
death camps, “was not a super- 
man,” the newspaper said. “It 
forces the viewer to ask why others 
didn't try to do what Oskar 
Schindler managed.” 

President Richard von Wriz- 

sScker was attending the premiere 


along with the Israeli am b assador, 
Avi Primor, and the head of Ger- 
many’s surviving Jewish communi- 
ty, Ignatz Bubis. 

Mr. Spielberg said that although 
President Mitterrand had not seen 
the movie, “be sensed what the film 
was about and certainly felt very 
supportive about it.” 

Mr. Mitterrand’s wife, Danielle, 
attended the Paris charity premiere 
on Monday night. She jomed the 
actor Liam Neeson, who plays 
Schindler , and several current and 
former cabinet members. Also pre- 
sent were the German and Israeli 
ambassadors and representatives 
from the Jewish, Muslim, Protes- 
tant and Catholic communities. 


The Associated Pros 


ESSEN, Germany — Vandals 
threw a firebomb on the steps of 
the old Jewish synagogue in this 
Ruhr valley city, the police said 
Tuesday. It was the second attack 
on the building in two days. 


The police said the fire burned 
itself out, leaving a blackened 
patch on the building’s stone steps. 
On Sunday, an attacker threw 
stones that shattered 14 of the syn- 
agogue's windows. The synagogue, 
built between 1911 and 1913, was 


An ofl sfick was drifting toward the Dutch coast northwest of Amster- 
dam Tuesday, threatening thousands of seabirds. The slick, 20 kilometers 
(12 miles) long, was spotted off the North Sea coast of Egmond-aan-Zee 
heading toward the beach. The beach was closed last month after 
thousands of packets of fungicide washed ashore. (AP'-, 

Dysentery has kffled more than 400 Zimbabweans since an outbreak to 
November, Health Minister Timothy Stamps said. The disease has 
affected nearly 44,000 people in the country of 10 milli on. Mr. Stamps 
said the government was combating it by purifying water supplies and by 
launching a public awareness program. (Reuters) 

Barcelona subway workers walked off the job Tuesday, shutting down 
Metro lines in the first of 12 strikes planned to force contract concessions 
from the municipal transport company. (AP) 

The opening of Denver’s new airport will be delayed more than two 
months to May 15 so its high-tech baggage system can be fixed. Mayor 
Wellington Webb said. Also not working were TV screens that win show 
fUghL information, and about 25 security doors. It was the third rime the 
airport’s opening was pushed back. Stapleton International Airport will 

continue operating until the new airport opens. (AP) 

A Northwest AiiEues 747 from HongKong c au g h t fire Tuesday shortly 
after la nding at Narita airport east of Tokyo, bnt no one was injured, an 

nfmnl an IA Th*» fSm in atu* " * — a 


gutted by fire in the November official said. Die fire, in one of the engines, was promptly extingmshed. 
1938 frenzy of Nazi attacks on The 245 passengers and crew waited until the it was out and left the jet 
Jews, then restored after the war. about 30 minutes later, he said. The runway was temporarily shut. (AFP) 


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Now it's easier than ever to chew the fat 




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WASHINGTON (AP) — The Supreme Court made it easier on 
Tuesday for defendants who ward off copyright-infringement lawsuits to 
have the other side pay their lawyer fees. 

The unanimous decision will give a singer and songwriter, John 
Fogerty, a new hearing in his effort to be reimbursed for fees paid to 
lawyers who defended him in a copyright fight. Mr. Fogerty, formerly of 
the group Greedence Clearwater Revival, had been sued by holders of 
rights to a 1970 song of his who alleged that a song he published in 1980 
differed only in the lyrics. A jury dedded this was not the case. 

A federal appeals court had ruled that defendants in such cases can be 
awarded lawyer fees only if the lawsuit was frivolous or filed in bad faith. 
That created a. doable standard, became people who successfully sue to 
protect copyrights can be awarded lawyer fees under a far less stringent 
standard. “Prevailing plaintiffs and prevailing defendants are to be 
treated alike,” Chief Justice William H. Rehnqnist wrote for the court. 


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For One Rodham? ^Lethargy and Apathy 9 Form, Political Base 


By Maureen Dowd 

New York Times Service 

WASHINGTON - Hugh 
Rodham’s supporters in Miami 
had been promising that he 
would be a fresh face in Florida 
But even they might not 
: realized just how fresh. 

The voting records of the 
Dade County Supervisor of Eec- 
tiohs Office show that Mr. Rod- 
ham, the first lady’s brother, who 
began his bid this week for the 
Democratic nomination to the 
US. Senate, registered to vote in 
thestate only in December 1991 
—in time to cast a ballot for his 
brother-in-law, Bffl Clinton, in 
-the 1992 presidential race. 

•" Even though Mr. Rodham had 
been a Dade County resident 
and government employee for 13 
years, he had not registered prior 
to that, according to records in 
Miami 

He said he did not remember 
ever voting for president or state 
offices before 1992 because he 
was part of the “lethargy and 
apathy that presented itself in 
the '60s and ^Os” and that now 
he has awakened to “the chance 
to change in the ’90s." 

That would mean that Mr. 


Rodham, the assistant public de- 
fender in Dade County who has 
said of his potential Republican 
opponent. Senator Connie 
Mack, that “there should be a 
hue and cry throughout the land 
for his scalp,” did not vote 
against Mr. Mack when the con- 
servative Republican ran for the 
Senate in 1988. 

It also means he was not hdp- 
ing his party to cancel out the 
vote of his wife, Maria Arias- 
Rodham, a lawyer who was a 
registered Republican from Sep- 
tember 1976 until she switched 
her affiliation to vote for Mr. 
Clinton for president 

Reached in Washington, 

where be was preparing to an- 
nounce his candidacy for the 
Democratic nomination on a 
CNN television program, Mr. 
Rodham was asked why he had 
failed to vote during his first de- 
cade in Florida. 

“I didn’t see the need for it,” 
he replied. 

Asked whether he thought that 
his failure to voce for so many 
years would give more ammuni- 
tion to Republicans who assert 
that his only qualification for of- 
fice is the name he shares with 


his famous sister, be said that it 
was up to the voters of Florida 
”10 make the derision” about his 
qualifications. 

He said that, until that time, 
he had not seen any candidates 
who had moved him to go to die 
voting booth. 

“In 1991, 1 was energized by 
the likes of Tom Hartan, Paul 
Tsongas, BQl Clinton and Jerry 
Brown,” he said. "I thought for 
the first tone in my voting life, 
there was somebody I could get 
behind.” 

He was asked why be had not 
at least registered all those years 
in order to vote for his boss, 
Bennett Brummer, the Dade 
County public defender. 

“ Mm mmm m ," he said, gnaw- 
ing on the idea, as though it were 
a new one. “I never needed to. 
He ran unopposed.” 

During a recent interview in 
Miami, Mr. Rodham, 43, was 
asked about his presidential poli- 
tics and replied, “1 never voted 


Republican.” 


low, it turns out, be never 
voted Democratic, either, until 
he voted for his brother-in-law in 
1991 “I thmk that’s a pretty 
good one to Stan out with," he 
said. 



/ Jt. * 

Pram CVwk.-Tle Around Pica 

Hugh Rodham preparing fora television appearance to announce his candidacy for a Senate seat 


Accused CIA Man 
Was Reportedly 
Paid $2.5 Million 


added that the amount was twice as 

much as the Russians had paid any 
other spy or network. 

Attached to the sheet were pho- 
tographs and a note saying, “We 
believe these pictures wifi give you 
a sense of the river bank where you 
will build your country home (da- 
cha).” 


Russia Bolds 


For Spying 


Seeking Testimony on Loans to Iraq, U.S. Gives Immuni ty to Bank Official 


' ' By Ronald Smothers 

> New York Times Service 

ATLANTA — A federal judge has granted immuni- 
ty from prosecution to a convicted official of an 
Italian bank to prompt bis testimony to a grand jury 
’lure, the banker's lawyw said. 

G. Ernest Tidwell of U.S. District Conn 

an order granting immunity to Christopher P. phase in the long-running bank fraud case. Over the 
involving trillions last thi 


There has been speculation that many of the loans, 
fraudulently obtained under a program to help coun- 
tries pay for agricultural exports, may have been 
diverted to Iraqi weapons use in the years before the 
Gulf War, when the Bush adminis tration was encour- 
aging support of Iraq, 

The impaneling of a grand jury would mark a new 


, 41, a major figure in a case i 
- of dollars in U.S. government-guaranteed loans to 
1 Iraq made by Mr. Drogoul’s former employer, the 
Atlanta branch of the Banca Nazionale del Lavoro. 


three years, there have been allegations that top 
officials in the United States and in Italy, where tne 
government controls BNL, knew about tbepurpose of 
the loans and tried with some success to limit earlier 


investigations to Mr. DrogouJ and five other, lower- 
level bank employees. 

Earlier, Mr. Drogoul pleaded guilty to lying to bank 
regulators and to wire fraud, and is now in prison. 
Several other co-defendants were also convicted of 
crimes while working at the bank. 

Some members of Congress, as well as two federal 
judges who have been involved in aspects of the case, 
have expressed the opinion that higher-ups at the bank 
in both in the United States and Italy had, in the 
judge’s words, “clearly facilitated” Mr. Drogoul’s 
crimes. 


Robert M. Simels, Mr. Drogoul’s lawyer, said he 
believed that the grand jury was looking at the failure 
of Atlanta-based prosecutors to aggressively pursue 
higher-ranking people. 

“Two judges have concluded that Rome headquar- 
ters knew, or should have known, about the loans and 
that the federal government’s role in this was greater 
than anyone thought," he said. 

“It would seem that the Justice Department has 
now concluded that there was an incomplete investiga- 
tion and this is a rebuke of the actions of the the U.S. 
attorney’s office in Atlanta.” 


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APOLITICAL NOTES A 


Cilitton*s name Pops Up In Fraud Trial 

LITTLE ROCK, Arkansas — A former Little Rock judge charged 
with fraud invoked the name of then-Govemor Bill Gmion during a 
1989 business dal to reassure a potential borrower who expressed 
concern thatfederallygnarantced funds were bong used improperly, 
according to testimony heard in a Whitewater-related case in federal 
court in little Rode. 

“Son, the governor of Arkansas wouldn’t be involved in this if we 
were doing anything illegal.” a witness said he was told. 

The testimony came in the case of David Hale, a former little 
Rock Munic ipal Court ‘judge who is accused of defrauding the 
Eovemmmt of hundreds oi thousands of dollars by misusing a 
federal program to aid small business. Mr. Hale claims that his legal 
troubles began when he had a meeting with Mr. Gmton in which he 
says Mr. Clinton pressured him to make a $300,000 loan to Sunn 
McDougal a partner of the governor in the Whitewater real estate 
development. 

A portion of the loan ended np in the Whitewater venture. 

Mr. Clinton has denied that be had any such dealings with Mr. 
Hale. 

The testimony referring to Mr. Clinton came Monday from 
Gayland Westbrook, who appeared during a hearing on pretrial 
motions in the Hale case. Mr. Westbrook recalled that he visited Mr. 
Hale during the summer of 1989 because he warned to borrow 
$75,000 for a computer business from a government-backed small 
business investment corporation that Mr. Hale operated. 

Mr. Westbrook, who was called to the stand by an attorney for one 
of Mr. Hale's codefendants, said he had reason to suspect that Mr. 
Hale was violating the laws governing operation of a small business 
investment corporation. . ... 

Mr. Hale and two codefendants are charged with operating his 
government-backed small business investment corporation. Capital 
Management Sendees, in a way that cost taxpayers $900,000. {LAI) 

Clinton Shattfs th« 1 1th Commandmwt 

CHICAGO — The only thing missing from President Bill CKn- 
ton’s day with the House Ways and Means Committee ch airma n , 
Dan Rostenkowski, was the Bm-and-Danny posters. 

There was Mr. Rostenkowski greeting Mr. Chnwn when Air 
Force One landed; there was Mr. Rostenkowski playing the support- 
ing role in a Clinton discussion of crime, there was Mr. Rostenkow- 
ski introducing Mr. Clinton before a speech and beaming as the 
president threw his rhetorical arms around the c h ai r man too many 
times to count. , 

Embracing (me of five Democrats m a primary race is a toraaiy 
business for a president, the most recent of whom have tried to 
adhere to wbat has become known as the 1 1 th Commandment: Thou 
dull not pick rides in a primary fight- Do it once, and other 
Democrats light expect the same. . 

Touchier yet is a presidential embrace of a pohtioan undo: federal 
investigation by the Justice Department. Mr. Rostenkcwski has been 

one of the taigets of aprobe of misuse of funds mvobed m the Hoo» 

Post Office scandal But that is only one of many political problems 
m the district Mr. Rostenkowski has represented smee 1958 — 
through the tenures of nine presidents, as he pomred out. 

ForaD those reasons, Mr. Clinton did not formally ask therou^s 
of Mr. RostenkowskTs Fifth Congressional District to re-elect him. 
He just did everything but that. f 

Quote/Unquote 

Prime Minister John Major, ' S 

Clinton decided last year on the 

United States: “It was the second whiskey that did iL ( LAT) 


Nuclear Inspectors Enter North Korea 


By David E. Sanger 

New York Times Service 

TOKYO — Inspectors from the 
International Atomic Energy 
Agency entered North Korea on 
Tuesday for the first time in seven 
months, ending a standoff over the 
Communist government’s refusal 
to provide even minimal access to 
sites where the United Stales be- 
lieves nuclear weapons are under 
development. 

A resumption of inspections of 
the sites at Yon^yon, the closed 
nuclear complex 60 utiles from 
North Kerens capital of Pyong- 
yang, has long been a prerequisite 
for U.S. assent to two or the 
North’s demands: cancellation of a 
major annual military exercise in 
South Korea, and a reopening of 
high-level talks between Washing- 
ton and Pyongyang. Both steps 
were expected to be announced 
soon. 

But a series of further delays by 
North Korea, related to its reopen- 
ing of direct talks with the South 
over an exchange of envoys on the 
nuclear issue, has delayed the an- 
nouncement until at least Thurs- 
day, according to South Korean 
and American officials. Those 
talks, anotherprerequirite for the 
: with Washington, are now 
. to take place at the bor- 
der village of Panmunjom. 

The arrival of the inspectors in 
Pyongyang follows months of 


b rinkmanship by North Korea, 
which has impeded past inspec- 
tions, delayed scheduling new ones, 
and refused to grant visas to the 
agency. Bui the North relented last 
week after it became clear that the 
nuclear agency, an aim of the UN, 
was prepared to go to the Security 
Council to seek international sanc- 
tions unless the months of refusals 
came jo an end. 

StiH. American officials are be- 
ing careful not to describe the in- 
spections as a major breakthrough. 
At best, the inspectors will certify 
that no plutonium has been divert- 
ed to nuclear weapons projects in 
recent months, ana restore the con- 
frontation with the North to where 
it was a year ago. At that time 
North Korea’s president, the 81- 
year-old Kim 11 Sung, abruptly 
ended the agency’s access to the 
rites and threatened to pull out of 
the Nuclear Nonproliferation 
Treaty rather than submit to a 
“special inspection” the agency de- 
manded of two additional sites. 

A year later the issue of access to 
those rites, suspected nuclear waste 
dumps which might yield evidence 
of how much philonium North Ko- 
■xea has already extracted from its 
nuclear wastes, is no closer to reso- 
lution. The dumps are not .included 
in the precisely specified list of sev- 
en locations the inspectors Mil be 
allowed to visit over the next two 
weds. 


UJS. officials now say they will 
insist on an inspection of those two 
additional rites in the next talks 
with the North, which are expected 
to begin on March 21 in Geneva. 
By that time, the inspectors should 
have reported whether they found 
anything am>«. 

The team of six inspectors and a 
technician was whisked off to 
Yongbyon, where they stay in gov- 
ernment-built guest houses on the 
edge of the nuclear facility. 

The center of the facility is a 5- 
megawatt nuclear reactor and a 
half-completed laboratory, known 
as a reprocessor, where nuclear 
waste can be converted to plutoni- 
um, the main fuel far nuclear 
bombs. American intelligence esti- 
mates have concluded that the 
North probably already has the 
material to make one or two 
bombs, but it is unclear whether 
they have actually been able to cre- 
ate any weapons. 

The last full inspection of the 
facilities took place a year ago. Last 
summer inspectors were allowed to 
visit afew of the sites, some only at 
night. Since then, there have been 
no visits, and cameras and other 
monitoring equipment have run 
out of battery power and film. 

Under a “package deal” that 
would be discussed m Geneva, the 
United States will offer economic 
aid, investment and eventual diplo- 


matic recognition for Pyongyang. 
But in retain, it jurists that the 
North must permit the “special in- 
spections” and to abandon all de- 
ments of its coven nuclear pro- 
gram. Key facilities would have to 
be converted to technology that 
can be used only for power genera- 
tion, rather than nuclear weapons. 
So far, the North has said it would 
never relent on the special inspec- 
tions issue, but it has made similar 
statements in the past, only to re- 
verse them later. 


Reuters 

ALEXANDRIA, Virginia — A 
U.S. magistrate on Tuesday or- 
dered the accused CIA spy Aldrich- 
Hazen Ames and his wife held 
without bond pending trial on 
charges that they spied for Mos- 
cow. 

After a bearing of more than 
three hours, the magistrate, Barry 
Poretz, ruled that federal prosecu- 
tors had shown there was a risk that 
Mr. Ames would Dee the country if 

freed from jail and that he posed a . . _ 

danger to the United States be- A'nwwss JiW/i 
cause of his knowledge of intdli- IU9 IXlUtt 
gence secrets. 

During the hearing, the FBI said 
that Mr. Ames became the highest- 
paid Russian spy ever by selling 
secrets and betraying agents for 
more than S2L5 milli on, 

Leslie Wiser, an FBI agent, told 
the magistrate that a detailed por- 
trait of Mr. Ames’s relationship 
with his espionage handlers had 
emerged from letters and financial 
statements found in a box in a 
closet at his home. 

Mr. Wiser said one nine-page let- 
ter purporting to come from Soviet 
intelligence in the late 1980s told 
Mr. Ames, a CIA counterintelli- 
gence expert, that his lop priority 
was to identify any U.S. agents who 
may have penetrated the Soviet 
KGB intelligence agency. 

At the hearing to decide whether 
the Ameses, both arrested last 
week, should be kept in jail 
ing trial, Mr. Wiser said the 
also showed that Mr. Ames had 
betrayed an East European securi- 
ty officer working for the CIA. 

The betrayed official of a War- 
saw Pact nation was identified only 
by the code name “G.T. Motor- 
boat.” 

Asked what had happened to 
that security officer and to other 
agents allegedly compromised by 
Mr. Ames, Mr. Wiser said, “Many 
of them We been arrested and 
then shot and executed.” 

On Mr. Ames’s alleged financial 
arrangements with Moscow — said 
to be much more lucrative than 
originally thought — Mr. Wiser 
said the box found in the doset also 
contained a balance sheet dated 
May 1, 1989, and addressed “Dear 
Friend," saying, “All in all you 
have been appropriated $2.75 mil- 
lion." 

The agent said it was believed 
that Mr. Ames actually received a 
total of $2.5 million over the course 
of the alleged espionage, which ran 
from from 1985 to 1993. The agent 


By Margaret Shapiro 

Washington Post Service 

MOSCOW — After more than a 
week of tit-for-tat spy revelations 
with the United States, Russian au- 
thorities announced Tuesday that 
they had arrested a top arms indus- 
try official on charges of spying for 
Britain. 

The announcement of an arrest 
made more than a month ago 
seemed designed in part to show 
Russia's new tougher-minded atti- 
tude to the West, analysts said. It 
also may be part of an effort by the 
Russan counterintelligence service 
to bolster its image. Last weekend, 
to the outrage of President Boris N. 
Yeltsin, the service allowed the 
quick release from Lefortovo pris- 
on of two amnestied leaders of the 
Ocl 3-4 uprising in Moscow. 

According to a spokesman for 
the service, which is a recently re- 
vamped successor the KGB, a Rus- 
sian working in the defense indus- 
try was arrested on Jan. 15 on 
spying charges. He was caught with 
invisible ink and other espionage 
equqjment provided to him by tne 
British Embassy in Moscow, the 
Postfactum news agency reported. • 

The agency said the man, whose 
name was not disclosed by Russian 
officials, confessed 10 days later 
that he had been paid by the British 
to provide them with information 
about new research into weapons 
and defense projects with interna- 
tional investors. 

The agency quoted Nikolai M. 
Golushko, who was dismissed by 
Mr. Yeltsin as head of counterin td- 
hgence on Monday allegedly in 
connection with the Lefortovo re- 
leases, as saying that the man had 
caused Russia much damage. 


China Backs OB a Bit on Hong Kong 


By Kevin Murphy 

International Herald Tribune 
. HONG KONG — Marking a 
surprising pause in their bitter dis- 
pute over aemcxTatic reform in the 
colony, China and Britain agreed 
Tuesday to reopen talks on financ- 
ing Hong Kong’s new $21 billion 
airport 

the decision to return to the bar- 


ssunmees urn n wouia not ms- rations ior ai 
riminatc against any European Kong in July l 1 
Ini on member-stale on political “The airport 
rounds. lever,” said Nil 


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Away From Politics 


. - ........ „ MUwUe iH*"* ta MHphfofara have 

• Scientists mvestigatiM a 

found the first strong ^ oLn7iayer. A study 

ultraviolrtradrafroi 1 g^teuSnrity indicated that idtravio- 
by researchere from °^ m S ^ dcstroy i D g eggs of frogs and toads 
let B radiation fmm ^ ^J^^^leMountflins. 

bp banneiffromthe Boy 
court has ruled The 


Scouts of America, aC^oniia stateu,^ Scouts to reinstate 

sMasfla^-a&a-*- 

•The risk of » a new stu ^* 11 

riiemkals to clean theu a n ^ ,4 number of hours a 

found a correlation between services involving chemi- 

dayworicedmcMueto^yjd 1 f J^^de-based disinfectants 

emphasizes violence, ®^ s R S t L I i dren aged 11 through 16’. ^ 
wide polL In a “^SffioSdonoidoagpodjobof 
youj,^ aJso said^at m ^ fee i “angry, sad or 

covering issues important ^ w ^ 

depressed” after ^jsag five sWags ages 2 w 1 1 in 

• Fire gotted an apartment ^ older brother and 

Sl PauLMinnesota, des P Ite “ fom ^ NYT, LAT.ap.afp, 
-neighbors to save th on- 


to end cooperation with 
Britain on Hong Kong matters. 

It also coincided with Chinese 
assurances that it would not dis- 
criminate 
Union 
grounds. 

Several Chinese statements 
made after Hong Kong’s governor, 
Chris Patten, decided to push 
ahead with proposals rej 
Beijing had suggested that Briti 
trade interests in China could suf- 
fer as a result of the impasse. 

China opposes Mr. Patten’s 
plans to widen the voting base for 
the 1995 elections to its legislature, 
the last to be held under British 
rule. 

Beijing, in a long account of 17 
months of fruitless n eg otiati on s 
over the proposals, said that the 
measures ran counter to previous 
agreements with London and that 
Britain was seeking to extend its 
colonial influence past the 1997 
transfer in sovereignty. 

Sr Leon Britian, the European 
Union commissioner in charge of 
externa] economic relations and 
trade policy, wanted China’s minis- 
ter for foreign trade, WuYi, during 
an official visit Monday that the 
EU would collectively oppose such 
a development. 

“I have now had absolutely un- 
equivocal assurances that there will 
be no discrimination against any 
member-state on political 
grounds,” Sir Leon said Tuesday in 
Beijing, Agence France-Pres.se re- 
ported. 

China’s clarification of its inten- 


tions toward British business inter- 
ests came as the Union was exam- 
ining Beijing's bid to rejoin the 
General Agreement on Tariffs and 
Trade. 

Sir Leon said Tuesday that Chi- 
na could qualify tojoin the trading 
regulatory body this year. 

Analysts said China’ s delinking 
of political and economic issues 
might mark a decision by Beijing to 
agree to differ on Britain's pro- 
posed electoral reforms while mov- 
ing ahead with the practical prepa- 
rations for administering Hong 
1997. 

has been a political 
Nick Moakes, an ana- 


lyst with S.G. Warburg Securities. 
“Now that we’re seeing signs of 
potential progress on it, perhaps 
China has given up on the political 
debate.” 

“There has been some pressure 
on the Chinese from their own 
state-backed business interests to 
settle the airport dispute,” Mr. 
Moakes said. “They stand to lose 
without an agreement on the fi- 
nance arrangements; the airport is 
being built without than.” 

Britain saw the airport as a way 
to bolster badly shaken public con- 
fidence in Hong Kong while allevi- 
ating an air transport bottleneck 
and stimulating the local economy. 


AMERICAN 


TOPICS 


Express Lane on Road to Salvation 

In 22 minutes flat, the 9 A.M. Sunday service at 
the First Lutheran Church in Stewartsville, New 
Jersey, off as a greeting, prayer, song, interpretive 
Bible reading, discussion ana an amen. 

Church attendance has jumped 40 percent since 
the Reverend John D. Klcist started “Express 
Worship” six weeks ago. One of the worshipers at a 
recent service, Alonzo Hosfard, said: *Tt still 
makes you think and it's early enough to get the 
day going. It meets my schedule.” 

It may be the boldest appeal to the uncommitted 
faithful since the drive-in church. 

First Lutheran also offers a conventional longer 
service, an hour or more, at 10:45 A~M. 

But for many people, said Mr. Kleast, 40, who 
has been at First Lutheran for 15 years, the “atten- 
tion span has contracted to fit the 30-minute TV 
sitcom, which is 22 minutes” without the commer- 
cials. 


Short Takes 

The New York Qty subway system, scene of 
violence in films like “The French Connection," 
“Death Wish” and “The Taking of Pelham One 
Two Three," wants to bar producers on location 
from filming any more rough stuff. 

“We want to protect onr investment and in- 
crease ridership,” a spokesman said. “We don’t 
look fondly on projects that depict the system as 
being out of control” Others point out that any 
film company barred from the subway can build its 
own subway scenery. 

The New York Times reports that a movie going 
into production, “Die Hard 3," is “a violent action 
film starring Brace Willis, set in the New York City 


subway system, complete with exploding subway 
stations." 

How to bee off uumJcome requests foT letters of 
reference without being other impolite or untruth- 
ful? Enid Nemy rqxrts in The New York Times 
that Lynn Hccht Schafran, a New York lawyer, 
replies, “I think you're wonderful and I love going 
to concerts with you, but I don’t think Fm compe- 
tent to talk about your abilities." 

Mary Jean Tully, an educator at Radcliffe Col- 
lege in Cambridge, Mass ac husetts, says she might 

lived up to expectations, and for further inltanfr 
tion, caD me. The “on the whole" and "call me" 
are meant to he signals. 


Imndgrant children do better in school than their 
American-born classmates, but their performance 
declines as they become more Americanized, ac- 
cording to a study sponsored by the government’s 
National Science Foundation and several private 

group*. 

Judith Trcas, professor of sociology at the Uni- 
versity of California, Irvine, said other studies hare 
found similar effects. 

“There does seem to be this extraordinary draw 
of Amer ican culture for immigrant childr en, not 
always with good consequences," she said. 

Conrersation overheard at a Brooklyn Heights 
barbershop and reported by David Hawkins to the 
Metropolitan Diary column of The New York 
Times: 

Customer: What do you do in the Poconos (a 
mountain range studded with summer resorts)? 

Barber: I go there every year. 

Customer: Yes, but what do you do in the Poco- 
nos? 

Barba-: (looking astonished): I sit down! 


Arthur Higbee 


Khmer Rouge Retake Base as Army Flees 

ii British O ... 


Reuters 

PHNOM PENH - Khmer 
Rouge guerrillas recaptured their 
northern headquarters at Anlong 
Veng from the Cambodian Army 
after soldiers who had not been fed 
turned and ran, a senior command- 
er said Tuesday. 

Army commanders had boasted 
that the base at Anlong Veng, 300 
kilometers (190 miles) northwest of 
Phnom Pah, would be “held for - 
ever” after they took it on Feb. 5. 

But General loan Cbay, com- 
mander of the 4th Military Region 
and governor of Siam Reap Prov- 
ince, said the Khmer Rouge guer- 
rillas recaptured the base Feb. 24. 

“All the troops retreated," he 
said. “They ran away because they 
had no food." He said government 


troops were planning to launch a 
counterattack soon. 

Shortly after the base was seized 
from the rebels, soldiers there com- 
plained to a journalist on a govern- 
ment-organized trip of inadequate 
food and medicine. 

“We’ve made a lot of effort to 
capture this base, yet we had little 
food during the Editing," said (me 
colonel. “As you know the supply 
situation on the battlefield is not 
good.” 

Defense analysis have long 
warned of the government's inabil- 
ity to supply its troops in the field. 

Khmer Rouge officials in Phnom 
Penh sakl they bad destroyed three 
tanks and captured three truck- 
mounted rocket launchers along 
with heavy-caliber field guns, mor- 


tars, recoifless rifles and machine 
guns. 

The guerrillas said 49 soldiers 
were killed and 74 captured, in- 
cluding 26 officers, in the Feb. 24 
assault. 

A foreign defense analyst, citing 
an absence of heavy fi g htin g when 
the government army first captured 
the camp, said be suspected the 
soldiers had fallen into a Khmer 
Rouge trap. 


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Page 4 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH - 2, 1994 


** 


6 I Am in Control,’ 
Yeltsin Says, Vowing 
To Maintain Peace 


By Fred Hiatt 

W’WiujgKm Post Satire 

MOSCOW — President Boris N. 
Yeltsin said Tuesday that be re- 
mained in fuD control despite a 
controversial political amnesty for 
his hard-line opponents, and he 
wanted his newly freed foes that 
they would be promptly rearrested 
if they make trouble. 

The leaders of an October upris- 
ing against Mr. Yeltsin, including a 
former vice president, Alexander 
V. Rutskoi, walked out of jail on 
Saturday thanks to a political am- 
nesty approved by the lower bouse 
of parliament, which is dominated 
by Communists and nationalists. 
Parliament leaders said the amnes- 
ty would promote national recon- 
ciliation, but reformists said it 
could return Russia to the edge of 
rivD war. 

Mr. Yeltsin himself hprj made no 
public comment on the amnesty 
until Tbesday, when he met with 
the parliamentary speaker, Ivan 
Rybkin. According to senior offi- 
cials. the president bad tried but 
failed to block the release, prompt- 
ing the resignation Saturday of his 
attorney general and subsequent 
finger-pointing among top aides. 

“At the moment 1 see no real 
danger to civic peace, and I am 
fully in control of the sociopoliti- 
cal situation,” Mr. Yeltsin told Mr. 
Rybkin, according to a presidential 
spokesman. “At the slightest at- 
tempt by them to try to destabilize 
the situation in the country, they 
will immediately be arrested.” 

In response to die same amnesty 
resolution, a military court ended 
the trial of tbe leaders of an August 
1991 coup against the then- Soviet 
president, Mikhail S. Gorbachev. 
Ten alleged plotters were released 
without any verdict, although the 
prosecutor bad asked that the trial 
be concluded before an amnesty 
could take effect 

The aborted 1991 coop, which 
isolated Mr. Gorbachev in a vaca- 
tion home and sought to impose 
emergency rule, dissolved after 
three days thanks to the incompe- 
tence and indecision of its leaders 
and the resistance of Mr. Yeltsin 
and his supporters. The coup accel- 
erated the breakup of the Soviet 
Union. 

A former Soviet vice president, 
Gennadi I. Yanayev, a coup plotter 
best known for hu trembling hands 
during a midcoup news conference 
and for his later admission that he 
had been drinking at the beginning 
of the putsch, hailed the trial’s clo- 
sure as “a triumph of justice.” 

“In August, 1991, we tried, albeit 


clumsily, to rescue the Fatherland, 
and I think that the court acted 
intelligently and made a profound- 
ly moral decision," Mr. Yanayev 
said. 

The ending of the trial means 
that the putschists’ claim that Mr. 
Gorbachev secretly or tacitly sup- 
ported the coup, something Mr. 
Gorbachev has always denied, will 
most likely never be toted in a 
court of law. But one of the emer- 
gency committee members, Gener- 
al Valentin Varennikov, said he 
would bring suit against Mr. Gor- 
bachev and others for die disinte- 
gration of the Soviet Union. 

“Like the whole of the Soviet 
people, 1 think that Mikhail Gorba- 
chev and the company he brought 
with him are guilty of this,’’ the 
former deputy defense minister 
aid. 

Few of the amnestied 1991 plot- 
ters are likely to play an active role 
in Russian politics today. But the 
seven leadeis of the October events 
are less likely to shy away from 
politics. 

Mr. Yeltsin said that their accep- 
tance of amnesty implies an accep- 
tance of their guilt in the events of 
Ocl 3 and 4, which claimed more 
than 140 lives and ended with tank 
commanders loyal to Mr. Yeltsin 
blasting the parliament building. 
But Ruslan L Khasbulatov, speak- 
er of the parliament which Mr. 
Yeltsin dissolved last fall in the 
run-up to the bloody uprising, in- 
sisted in an interview lhat Mr. Y dt- 
sin is the guilty one. 

“Recall, the president staged a 
coup,” Mr. Khasbulatov told the 
conservative newspaper Sovetska- 
ya Rossiya. “What was the Su- 
preme Soviet to do?," he asked. 
“We acted in full compliance with 
the law.” 

Asked who would have the final 
say in history. Mr. Khasbulatov, 
who has forsworn further involve- 
ment in politics, answered, “Not 
Yeltsin, for sure. He is doomed.” 
And, referring to the president and 
his defense and interior annisieis, 
Mr. Khasbulatov added, “Their tri- 
al is still ahead." 

Indeed, Sergei Baburin, a nation- 
alist member of both the dissolved 
Supreme Soviet and the current 
parliament, agreed that those who 
shut the parliament — meaning 
Mr. Yeltsin and his supporters — 


NATO Shows Its Might, but Political Questions Remain 


By Paul F. Horvitz 

International Herald Tribune 

WASHINGTON — In a relatively 
risk-free attack in die rides over Bosnia, 
NATO has revived its claim to be an 
allied deterrent force in Europe with at 
least the semblance of political will to act 
deasvdy. 

Analysts in Washington and at NATO 
headquarters in Brussels say that al- 
though the downing of four planes over 
Bosnia represented a small step in a 
strictly mflitaiy sense; it offered a sub- 
stantial demonstration of NATO’s hefty 
military and technological capability, 
one that had remained in check for 45 
years. 

The political side of the NATO equa- 
tion remains madder, leaving unan- 
swered serious questions aboutNATO’s 
stomach for future military intervention 
in Bosnia, especially on the ground, 
where the killing is taking place. 

High on the tist is whether Russia, 
NATO's former nemesis, win support 


amflar NATO efforts in the future and 
die extent to which Russia will cooperate 
in future UN resolutions mi Bosnia. 

Months of vague warnings and condi- 
tioned pronouncements on Bosnia by 
NATO leaders had raised widespread 
questions about the alliance’s willingness 

7 NEWS ANALYSIS 

to use force in the post-Cold War era and 
even its future as a military pact 

For the moment, it appears that NA- 
TO’s willingness to puB the trigger has 
delivered at last a temporary jolt to the 
diplomats engaged in peace and 
encouraged the Russians to press their 
Serbian friends for concessions. 

Publicly, some officials continued 
Tuesday to play down the significance of 
Monday's attack by U.S. jets an Serbian 
aircraft violating a UN no-Oight zone 
over Bosnia. But they also dearly por- 
trayed their use ctf military musde as a 
useful diplomatic tool 


After meeting in W ashing ton with the 
Prime Minister John Major of Britain, 
President Bin Clinton said Tuesday that 
the attack “was something done in the 
course of business." 

"It should not be read in any way as a 
departure of strategy or tactics brcanse 
of what’s going on now generally," Mr. 
Clinton said. But he added: “I t hink it 
should only serve to make people want to 
resolve this more quickly, to go on with 
the negotiations now. That’s what Tm 
hopefuTof.” 


In a warning to Serbian commandos 
who might be contemplating revenge at- 
tacks on NATO and UN troops, the 
NATO secretary-general, Manfred 
WOmer, told the Reuters news agency: 
“Better keep your hands off because we 
will not heatale to draw our own conclu- 
sions.” 

A NATO diplomat in Brussels, speak- 
ing (a the condition that he not beitrenti- 
Oed, said these was no question dial the 


NATO allies had “toughened" their 
thinking cm Bosnia in recent weeks. 

“There’s a sense that enough is 
enough,” he said. “No one has ever 
doubted that — in the context of action 
in the air — NATO superiority is over- 
whelming.” 

Don Snider, director of poHricat-mili- 
taiy affaire at the Center for Strategic 
and International Studies iu Washington, 
said in an interview that NATO’s action 
Monday “put some teeth into NATO’s 
utterly devastated credibility” on Bosnia. 

But he cautioned that it provided dip- 
lomats with only abit more leverage. It is 
stiB unclear, he said, whether NATO is 
w illing to use its military might to strike 
ground targets and how much tacit sup- 
port Russia can give to future NATO 

militar y ^tinns 

In his view, any “euphoric dream” in 
Washington of a strategic allianc e with 
Russia is misguided, and Moscow is like- 


ly to become more of an obstacle to 
Western efforts in the United Nations. 

One positive diplomatic dement of 
NATO's newfound resolve, he said, is the 
willingness of Germany to use its influ- 
ence with Croatia in forging a negotiated 
peace in the former Yugoslavia. 

From a military standpoint, Mr. i } 
Snider leaned the NATO operation “su- / ^ 
perb.” 

It also had the advantage of offering 
commanders a highly isolated target. The 
possibility of rivifian casualties was mini- 
mal and the violation of the UN no-fli g h t 
zone was unquestioned. NATO aircraft 
based in Italy have been flying sorties 
over Bosnia for months, and there was 
little chance for error. 

After nearly two years of bloody civil 
war, these were finally the air strikes that 
some proponents of NATO action had 
long waited for, but they were not the 
messier strikes on ground targets that 
othera had feared as a potential spark to a 
larger powder keg. 



TOMB: Blunders and Blind Spots 


Ernie F. Mrti/lbc ABotind Preo 

Children wanting to school Tuesday in Sarajevo as classes resumed after a 2%-month suspension doe to (be weather and lack of heating. 


&bouM be “taken to task and prose- JJOSNIA. Serbian Leader Agrees to Allow Aid Flights to Muslim Enckwe 

But Mr. Rybkin urged peace and ° 0 


restraint, saying Mr. Yeltsin and 
parliament would work together to 
promote national accord. 

“There wiD be no coops, no civil 
war,” he said. 


Solzhenitsyn, Soon to Leave , 
Offers Town His Gratitude 

The Associated Press 

CAVENDISH, Vermont — The Nobel Prize-winning author 
Alexander Solzhenitsyn made a rare public appearance to say an 
emotional thank you and farewell to neighbors in bis home in exile. 

“You forgave me my unusual way of life, and even took it upon 
yourselves to protect my privacy," he told about 200 residents of 
Cavendish at the annual town meeting. 

“For this, I have been truly grateful throughout all these years; 
and now, as my stay here comes to an end, I thank you.” 

Mr. Solzhenitsyn said he and his wife, Natalya, planned to return 
to Russia at the end of May, but that his sons would continue to live 
in Cavendish. 

He spoke in Russian, and his son Stephan, 20, translated. 

T hope I can be of at least some help to my tortured nation, 
although it is impossible to predict bow successful my efforts will 
be,” be said. 

The crowd al the meeting in a school gymnasium gave him a 
standing ovation. 


CoBtmoed from Page 1 

“Onr policies are heading very much in the 
same direction.” 

The talks in Moscow between Mr. Karadzic 
and Mr. Kozyrev prompted a blunt reaction 
from Bosnian government leaders, who said 
they wanted no part of the deal over opening 
theTuzla airport. 

The vice president in the Mashm-led Bosnian 
government, Ejup Game, a hard-finer, called 
the agreement “an insult” to the United Na- 
tions and accused the Russians of lacking neu- 
trality and supporting “aggressors and war 
criminals.” He said there were more than 
enough Russians in Bosnia already. 

“This technique of injecting Russians into 
the conflict to face the West is unacceptable,” 
he said. 

Bosnia’s Muslim president. Alga Izetbego- 


vic, sounded a similar note in a letter to Yasnshi 
Akasfai, the special representative in the former 
Yugoslavia of the UN secretary-general, Butrofi 
Butrus Ghali. 

“It is my duty to inform you that we do not 
approve of the arrival of additional Russian 
troops to Bosnia and Herzegovina,” said the 
letter, which was distributed at the UN bead- 
quarters in New York on Tuesday. It was not 
dear when the letter had been written. 

About 400 Rossi an troops saving with the 
UN face in Croatia were moved to the Sarq'e- 
vo area last month. The Russian parliament 
recently approved the sending of another 300 
soldiers to Bosria. 

“The Russian side expressed its willingness 
to send its observers to Tuzla because of the 
important humanitarian significance of open- 
ing the airport,” a joint communique issued in 
Moscow said. 


The Russian move drew a less than enthusi- 
astic response from a senior aide to the UN 
Rnmmanriw in Bosnia, Lieutenant General Mi- 
chael Rose at Britain. 

This is another example of the Russians 
jumping mi the success wagon,” said the aide, 
Colonel Simon Shadbolt, referring to Moscow’s 
relatively late entry into peace moves. 

Colonel Shadbolt said the Russians had 
“some time ago” offered 50 military observers 
for Tuzla, an industrial city whose prewar pop- 
ulation of 85,000 has been swollen by tens of 
thousands of refugees from Serb-held eastern 
and northern Bosnia. 

He said the Russian monitors would be 
placed under the command of the UN sector 
commander. Colonel Ulf Henriccson of Swe- 
den, who would define the Russians’ role. 

(Reuters, AP) 


Continued from Page 1 

Gatil automatic rifle. Dr. Goldstein 
blended in as easily cm the streets 
of Hebron as a businessman would 
be in a three-piece suit on a New 
York street comer. 

General Yatom, commander of 
Israel’s Army forces in the West 
Bank, told the cabinet this week, 
“The main fear was always that 
Arabs would harm Jews.” 

Dr. Goldstein was a leading ac- 
tivist in Kach, the Jewish extremist 
group whose symbol is a clenched 
fist and whose members beheve Ar- 
abs have to be expelled from Israel 
and the West Bank. Although it 
was a small, remote organization to 
most Israelis, Kach —founded by 
Rabbi Mar Kahane — thrived in 
the tense environment of Hebron 
and nearby Kiryat Arba, the Jewish 
settlement where Dr. Goldstein 
lived and worked as a doctor. 

“There were two legal enforce- 
ment systems in the territories,” 
said the historian and newspaper 
commentator Tom Segev, “the one 
which acted against -the Palestin- 
ians, and the one which looked the 
other way when the settlers acted 
wildly” 

Even this week, the night after 
the government approved the ar- 
rest of Kach leaders, two of the 
group’s leaders eluded the pofice 
and appeared on national televi- 
sion boasting about their freedom 
to move about while Arabs were 
under curfew. 

Prime Minister Yitzhak Rabin, 
who capitalized on public disen- 
chantment with the settlers in the 
1992 election campaign that 
brought him to power, has been at 
odds with them ever since. But Mi. 
Rabin failed to realize that the ex- 
tremists in Kach could be separat- 
ed from the mains tream settlers. 

“He wouldn’t take the initiative 
— he’s not the type,” said a senior 
Israeli official of W. Rabin. "The 
mentality was, if it ain’t broke, 
don’t fix iL” 

Right after the attack, Mr. Rabin 
stiD insisted that it was the work of 
one man, not connected to any or- 
ganization. At a dosed meeting 
with foreign diplomats, according 
to a participant, a shaken Mr. Ra- 
bin was asked why he had not 
moved sooner against Kach and 


other extremists, and he repealed 
dryly that the massacre was the 
work of one person. 

The same mentality allowed Dr. 
Goldstein to walk into the mosqne 
with almost no resistance, even 
though the ancient of tomb Abra- 
ham, Isaac, Jacob and their wives is 
one of tiie most iniaisdy fought- 
over religious shrines in Israel and 
the West Bank, 

The site had been exclusively a 
mosque when Israel captured the 
West Bank in the 1967 Middle East 
war, but in earlier years was a place 
of worship for Jews and Christians' 
as wdL Soon after the war, militant 
settlers began pressing the authori- 
ties to allow Jews into the mosque. 
Gradually but relentlessly, the set- 
tlers gained access to rooms and 
corridors. Every centimeter of the 
ate, with its walk of brown and 
Made marble, was contested. The 
hours available for each faith to 
pray in the mosque woe 
negotiated. Jewish settlers 
pressed for expanded privileges. . 

The Israeli Army had respona- 
bffiry for keeping the peace. Ac- 
cording to a military source with 
direct personal experience, “The 
army’s main purpose was to main- 
tain the Status quo and mBtntrwn 
this delicate balance of rights. It’s 
hard to understand bow fanatic 
they can be about centimeters.” 

The militant settlers are well- 
known to the soldiers at the site 
and are nicknamed “cave nteshug- 
geneb.” or those who are crazy 
about the Cave of the Machpdah, 
as Jews call the site. According to 
General Yatom, the Israeli com- 
mander, “It was not something ex- 
traordinary or unusual to see tins 
doctor, who was wefl known by the 
soldiers, wearing his military re- 
serve uniform and carrying ins ri- 
fle.” 

On Fridays, the delicate balance 
grows even more sensitive because 
both Jews and Arabs come to pray. 
Instead of a dozen or so washqj- 
ers, the halls fill with hundreds of 
Arabs in the morning. Last Friday 
was made even more explosive be- 
cause both the Jewish festival of 
Purim, when Jews celebrate with 
food and drink, and the Muslim 
holy month of Ramadan, when Ar- 
abs fart all day, were edebrated. 


EU: Union Reaches Accord With Finland and Si 


KH.tr.v. 


Continued from Page 1 

away from the southern states. 
France has shared Spain’s con- 
cerns, and Alain Lamassoure, the 
minister for European affairs, ac- 
knowledged that it would be con- 


siderably more difficult to operate 
a Union of 16 states. But be said he 
welcomed expansion because the 
four countries had endorsed EU 
efforts to develop a common for- 
eign policy, a key French concern. 


BOOKS 


THE CONQUEST OF A 
CONTINENT: 

Siberia and the Russians 

By W. Bruce Lincoln. 500 pages. 
$30. Random House. 

Reviewed by 
John J. Stephan 

S IBERIA in the popular imagi- 
nation is a Dantesque El Dora- 
do where human* endure and in- 
flict suffering amid bountiful but 
unforgiving Mother Nature. Sibe- 


ria can evoke the sublime silence of 
a forest on a windless winter day. 
Or it can summon up bleak land- 
scapes disgorging Ice Age mam- 
moths ana Gulag corpses. Anec- 
dotes about Siberian cold astound 
us. Whatever Lbe world Siberia sug- 
gests, the place seems remote. Con- 
ventionally viewed through a Euro- 
pean prism, it hovers somewhere 
east of the Urals and north of Mon- 
golia, (he ultimate Ultima Thule. 

Such stereotypes obscure the 
paradoxical diversity found in five 
million square miles (75 percent ctf 





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across mne tune 
zones. Siberia has winters cold 
enough to crack steel and summers 
hot enough to carbonize roof shin- 
gles. Siberia has been a refuge as 
well as a receptacle. Before 1917, 
millions of peasants, minorities, 
and religious dissidents flocked 
there for land and freedom. Re- 
mote? Perhaps from New Yak or 
London, but not from Harbin, 
Seoul, Sapporo, or Anchorage. 

As a wild and untamed frontier, 
Siberia has — not surprisingly — 
struck sane observers as Russia's 
counterpart to the American West, 
generating earnest searches for 
grass-roots democracy and busi- 
ness opportunities. 

Before Walt Whitman celebrated 
the common destiny of Russians 
and Americans, New En gland and 
California entrepreneurs nurtured 
visions of Siberian anporia. Henry 
Adams wrote Henry Cabot Lodge in 
1891 that the United States “could 
Americanize Siberia.” These scenar- 
ios acquired a certain substance af- 
ter 1900, when trans-Siberian rail- 
road construction and an influx of 
peasant settlers created markets for 
sled, rolling stock, agricultural 
equipment, and consumer goods. 

The Siberian dream sumved rev- 
olutionary upheavals «n«t (he fiasco 

of the Allied intervention (1918- 


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1920) to resurface after 1941 when 
the Soviet-American wartime alli- 
ance fostered Wishful thinkin g 
about what was then solemnly 
called “democracy’s first line of de- 
fense.” Via tine Yakutsk in 1942, 
Wei ddl Willkie wrote that it re- 
minded him of Ms hometown, Elk- 
hart, Indiana. 

W. Brace Lincoln’s “The Con- 
quest of a Continent” appears at a 
tune when Siberia is enjoying a topi- 
cality not entirely unlike that erf the 
early 1900s and 1940s. Thanks to the 
unforeseen consequences of peres- 
troika, Vladivostok and other 
“dosed” cities have beco me acc cssi- 
ble. Dissolution of the USSR un- 
leashed centrifugal forces within the 
Russian Republic, generating talk of 
autonomy and even independence. 

“The Conquest of a Continent: 
Siberia and the Russians” is a mar- 
ketable but historically misleading 
title. “Conquest” has forensic ap- 
peal for those who would draw an 
analogy between Siberia and Mexi- 
co a Peru, bat the term does not 
a ccu ra tely describe a process that 
at least in the 17th century was 
doser to infiltration. Siberia is not 
“a continent” Moreover, Siberia’s 
spatial contours are ambiguous, de- 
pending upon whether Siberia is 
defined as extending to lbe Pacific 
littoral or to the Paafic watershed. 

Today a sew generation of re- 
searchers is tolririg advantage erf 
post-Soviet accessibility to im- 
merse themselves in Siberian and 
Far Eastern communities and ar- 
chives. These rfforts will very likely 
produce fresh popular syntheses 
within a few years. Meanwhile. 
The Conquest of a Continent” can 
serve as an appetizer for more sub- 
stantial fare. 


The addition of the four would 
virtually double the Union’s geo- 
graphical size and create an eco- 
nomic and political bloc with some 
372 million inhabitants and an eco- 
nomic output of 5.9 trillion Euro- 
pean Currency Units ($6.7 trillion). 

In contrast, the North American 
Free Trade Agreement links 360 
million consumers in the United 
States, Canada and Mexico, with a 
combined output of some 56 bil- 
lion. 

More important, EU officials 
hope the new members will help 
relieve the sense of Euro-pessimism 
fostered by recession, the Union’s 
ineffectual response to the war in 
the former Yugoslavia and internal 
divisions over how far to carry EU 
political integration. 

The four candidates are nearly a 
third wealthier than the EU aver- 
age, already enjoy dose economic 
ties with the Union and have deep 
democratic traditions. 

Thor membership is expected to 
give a boost to the Union’s budget 
as well as its morale, and it is re- 
by Germany as an essential 
: step toward tire eventual mem- 
bership of Poland, Hungary and 
other Eastern European countries. 

Chancellor Helmut Kohl empha- 
sized that point in Boon on Tues- 
day by encouraging Hungary’s 
prune minister, Peter Baross, to ap- 
ply for EU membership this spring. 


Downed Pilot 
Identified as 
Bosnian Serb 

Washington Past Service 

BELGRADE — One of the 
dead pilots whose warplane 
was shot down over Bosnia by 
two American F-I6 jets was a 
Bosnian Serbian refugee living 
in Montenegro, according to a 
private Montenegran news 
agency. 

The agency, Monteoa-Fax, 
Identified the pilot as Zvezdan 
Peac, 31, and said he bad been 
recently re-mobilized to fight 
with the Bosnian Serbian 
forces. 

Mr. Pesic was identified as a 
native of Mortar in southwest- 
ern Bosnia who had moved 
with his family to Podgorica, 
the capital of Montenegro, af- 
ter the war broke out in Bosnia 
in April 1992. 

The report, if true, would 
seem to contradict the repeat- 
ed denials of Bosnian Serbian 
civilian and militar y officials 
that any of their planes were 
involved in the bombing raid 
Monday on a Bosnian muni- 
tions factory in Novi Travnik. 
Four of ax planes were shot 
down by NATO F-16s. 


PEACE: PLO Shrugs Off Release 


Continued from Page 1 

notifying the military authorities. 
The army gave no public figure for 
the number of wounded, but esti- 
mates have ranged from 90 to over 
150; Dr. Goldstein fired 111 
rounds from Ms Gald assault rifle. 

Along the shuttered byways of 
the West Bank, where a strike is in 
force to protest the mosque kill- 
ings, the release of prisoners elicit- 
ed none of the usual celebration, 
with people penned in their homes 
by the corfew and seemingly reluc- 
tant to offer Israel even the slight- 
est edge in the war of images that 
accompanies their physical and ter- 
ritorial conflict. 

“Israel released us in order to 
calm the people and (Ms is non- 
sense,” said Adel Khanties, 22, who 
was freed in Bethle hem after serv- 
ing 24 months of a 37-month sen- 
tence for supporting Mr. Arafat's 
movement aim fa taking pan in 
the uprising known as the intifada. 
“How can we calm people while the 
curfew still exists and killing stiB 
continues?” he asked. 

In the past, Palestinians have of- 
ten been deported or detained. 
Some have beoi subjected to pro- 
longed corfew as collective punish- 
ment fa violence. 

By contrast. Police Minister 
Moshe Shahs! Said the authorities 
had drawn up a list of “less than 
100” Jewish extremists who would 


be subjected to “administrative ac- 
tion or detention” following the 
Hebron massacre. He acknowl- 
edged that of five supposed extrem- 
ist leaden bring sought, only one 
bad been detained and implied that 
none bad so far been disarmed. 

He said that, as a democratic 
state, Israel had shied from using 
administrative detention and other 
actions against Jews, even though 
he acknowledged that the measures 



to “no more than 
estinians” in recent 


had been 
100 or 1 
months. 

“What 
going 


an Friday was 
a red line,” he said. 

Israel says it is holding about 
9,000 Palestinian prisoners, but hu- 
man rights monitors put the Gain#* 
higher. The authorities said 500 or 
them were released Tuesday. 

A further 300 are to be set free 
this week from the two main deten- 
tion centers, Ketziot prison camp 
in southern Israel and Dahariya 
prison in the West Bank. The army 
said that only these prisoners who 
had not “Shed blood” or tnlrm part 
in terrorist operations and those 
who belonged to organizations sup- 
porting peace qualified fa release. 


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Week 


FICTION 


Lest Wtfta 

Wk alia 



JohtJ. Stephan, who leaches Sibe- 
rian history al the University of Ha- 
waii and is die author of “Sakhahn, “ 
“ The Kuril Islands. ” and the forth- 
coming " The Russian Far East,” 
wrote rids for The Washington Post 


1 ACCIDENT, 

Sled 

2 DISCLOSURE. 

Crichton - ii i 

3 THE BRIDGES OF MADI- 

SON COUNTY, by Robert 
Jams Waller 3 81 

4 SLOW WALTZ IN CEDAR 

BEND, by Robert Jams Wal- 
ter 4 17 

5 FATAL CURE, by Robin 

Cook 5 5 

6 LIKE WATER FOR CHOC- 

OLATE by Laura Esquivel _ 7 46 

7 FAMILY BLESSINGS, by La 

Vyrie Spe nc e r 6 3 

8 BAD LOVE, by Jonathan Kd* 

fennan 8 6 

9 HONOR BOUND, by W. £. 

B. Griffin — . 9 5 

18 WITHOUT REMORSE, by 

Ton Clancy ID 27 

It SAREK.byA.C. Crispin » 


B THE CAT WHO CAME TO 
BREAKFAST, by Lilian Jack- 
son Bram 

13 RAMA REVEALED, by Ar- 
thur C. Clariu and Gentry Lee 

14 SMILLA’S SENSE OF 

SNOW, by Pete Hoeg 1 1 

15 NIGHTMARES ft 

DREAMSCAPES. by Stephen 
King 


10 


42 


nonfiction 

1 EMBRACED BY THE 

LIGHT, by Betty J. Eadie 

2 THE BOOK OF VIRTUES, 

by Wn&un I. Bennett 1 10 

3 SOUL MATES, by Thomas 

Moore 3 7 

4 SEINLANGUAGE. bv Jerry 

Seinfeld 1 7 23 

5 THE HIDDEN LIFE OF 
DOGS, by Elizabeth Marshall 4 27 

6 WOULDN'T TAKE NOTH- 

ING FOR MY JOURNEY 
NOW. by Moya Angeton 3 21 

7 SEE. I TOLD YOU SO. by 

Rush H. Limbatigh 3d 8 IS 

8 HAVING OUR KAY. by Sa- 
rah and A. Elizabeth Ddaoy 

with Amy Hill Hearth 6 13 


9 LEAVING HOME, by An 

Bndrwald ... _ I 

10 A DRINKING LIFE, by Pete 

n j 

It ANN-MARGRET; My Story. 
by^Aon-Maixm with Todd 

1Z PlUVATET’ARTS.byHow^ 1 
aid Stan _ 13 19 

13 REENGINEERING THE 
CORPORATION, by Michael 
Ham mer an d James ChampY. 10 JO 

M FURTHER ALONG THE 
ROAD LESS TRAVELED. 

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Israeli Army Kills 
West Bank Settler 

Reuters 

JERUSALEM — Israeli soldiers 
shot and (tilled a Jewish settler and 
wounded his wife in the occupied 
West Bank on Tuesday, the army 
said. 

The army said the settlers had 
fired shots toward the soldiers be- 
fore they opened fire: The couple 
from the Jewish settlement of Arid 
in the northern West Bank were 
shot near the Arab village of Bi- 
diya, Israel Radio said. 


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I 


Page 6 


WEDNESDAY, MARCH 2, 1994 


OPINION 


licratb 


INTERNATIONAL 



PUBLISHED Wmi THE NEW YORK TIMES AND TOE WASHINGTON POST 


(tribune Murderous Tribalism 


THE REAL TARGET 


tP v ■ 

-1! *1 H 


Evil Act, Evil Rhetoric 


President £zer Weizman of Israel was sure- 
ty right when he railed the massacre ai the 
Tomb of the Patriarchs “anti- Jewish and anti- 
Israeli." Doubtless his horror is echoed by 
mest of his compatriots. But as shocking as 
the deed itself — the gunning down by an 
Israeli settler of more than 40 Muslims as they 
knelt at prayer — is the venomous rhetoric 
that followed from a small group of settlers. 

Israel’s prime minister, Yitzhak Rabin, 
used cauterizing words on Monday to con- 
demn the sympathizers of Baruch Goldstein. 
“You are not partners in the Zionist enter- 
prise," he told than. “Sensible Judaism spits 
you oat ... You are a shame on Zionism and 
an embarrassment to Judaism.'" 

He was addressing those in the fanatical 
settler community that was home to the gun- 
man, by whom Dr. Goldstein is now viewed as 
a hero. The oratory at his funeral reeked of 
racist hatred. LL One million Arabs,” Rabbi 
Yaacov Perrin declaimed in his eulogy, “are 
not worth a Jewish fingernail” 

This is the language of terrorism and of 
ethnic cleansing, that legitimizes and inflames 
the ugliest of human instincts: to feel righ- 
teous in the murder of innocent people. These 
are words that will be difficult to erase, be- 


— THE NEW YORK TIMES. 


What Next in Bosnia? 


Alliance history was made on Monday. 
With the first shots that NATO ever Hied in 
anger, two American F-16s over Bosnia 
downed four outclassed, weLl-warced war- 
planes of the Bosnian Serbs. The purpose was 
to enforce a NATO-decreed “no-fly zone" 
that Serbian helicopters had been ignoring 
with impunity since last April. President Bill 
Clinton, not alone, was quick to present the 
new touch of combat as a definitive affirma- 
tion of NATO’s resolve. 

A baptism of fire has an undeniable reso- 
nance. But of itself it does not fulfill NATO's 
essentia] purpose of advancing a political set- 
tlement. Further military tests, and not such 
easy ones, lie ahead. Is NATO ready to deliver 
on its August pledge to use force to prevent 
the “strangulation" of Sarajevo, where Serbs, 
although they have taken down their big guns, 
still claim authority to choke off relief con- 
voys? Is it ready to use the force it has 
similarly threatened to relieve the siege of 
Tuzla, which Serbs shelled heavily again on 
Monday? Even more to the point for Ameri- 
cans, is the United States ready to put in the 
peacekeeping troops that would give it the 
extra weight that France and other allies and 
now Russia have gained by deploying peace- 
keepers of their own? 


Mixed Verdict on Waco 


The jury’s mixed verdict in the deaths of 
)ur of the Treasury agents who raided the 


four of the Treasury agents who raided the 
Branch Davidian compound near Waco, Tex- 
as, has dealt another mortifying blow to feder- 
al law enforcement. Just about the only per- 
son who does not view the verdict as a rebuke 
to the massive and unnecessary police action 
is Attorney General Janet Reno. 

The raid, a year ago Monday, was botched, 
as were most of the government’s efforts to 
arrange the surrender of the heavily armed 
cultist David Koresh. Along with dozens of 
his followers and their children, Mr. Koresh 
perished last April in a fiery response to a 
final raid by the FBI. 

The Treasury Department’s Bureau of Al- 
cohol Tobacco and Firearms launched its 
February attack even though it knew that the 
Davidians fully expected it. That would seem 
to suggest that the cultisis engaged in premed- 
itated murder. But no; all 1 1 defendants were 
acquitted of murder. The jury did convict five 
defendants of manslaughter, holding them 
responsible for the deaths of the agents. 

Under the judge's instruction, the lesser 
manslaughter verdict was justified if the ac- 
cused acted "in the sudden heat of passion 
caused by adequate provocation." Thus the 
jury credited the five convicted cu] lists with 
an element of self-defense. 

What more can be salvaged in Waco's 


ashes? Sacking the bureau’s evasive chief, 
Stephen Higgins, was a salutary move. The 
Treasury and Justice Departments are re- 
vamping their crisis training and at least 
some' officials are asking whether more pa- 
tience in dealing with erratic cul lists isn't a 
major element of better leadership. 

That leaves Ms. Reno virtually alone in the 
dark. “It is dear that thejury recognized by its 
verdict that the killings of the four agents were 
not justified," she said over the weekend. She 
found in the manslaughter convictions "a 
message that we were justified in our actions.” 

Ms. Reno, who was not involved in the 
Treasury raid but who approved the tank and 
tear-gas FBI attack even though than was no 
compelling reason for it, appropriately finds 
Waco hanntmg. “It is a reminder that you try 
to make the best judgment and you take the 
consequences, you accept responsibility and 
you move ahead, trying always to figure out 
what you can do better.” 

Yet the attorney general remains resolutely 
vague about her own role. She has yet to 
explam.what made her think that ramming 
the Davidian headquarters was a measured 
step toward a peaceful end to a seven-week 
siege. Contrary to Ms. Reno, the Texas jury 
seems to have found not only guilt among the 
cultisis but also faulty law enforcement. 

— THE NEW YORK TIMES. 


Other Comment 


amesf 


It was the first time in its history that 
NATO had fired in anger. Why now? 

If it were the Bismareks and TaDeyrands 
who were conducting foreign policy today and 
not the Kink els, Christophers and Hurds, one 
might discern the outlines of a subtle game. 
The story begins on Feb. 17, 100 hours before 
the end of the ultimatum against the Sobs. 
Suddenly, Russia leapt onto the stage, seizing 
the Serbs by the scruff of the neck. The 
ultimatum and the bombs were unneccessary, 
for the Serbs had promised Moscow they 
would withdraw their heavy weaponry. 

That was good for Sarajevo, but not all that 
pleasant for NATO and the United States. 
The alliance and Washington could only lode 
on in distress while the old rival, which seem- 
ingly had lost its teeth, suddenly started pull- 
ing all the strings. For 40 years, the West (with 
Tito) managed to keep Soviet Russian influ- 


ence away from the Adriatic. And now sud- 
denly Moscow was leading the game. NATO 
was neutralized and the Russians — half pro- 
tectors, half masters of the Serbs — had 
shown that they alone were setting the rules. 

Cynics might now think thaL the downing 
of four Serbian bombers amounted to an 
elegant Western countermove. The action 
could be the signal that NATO again holds 
the initiative. And the Russians could no more 
protest against this than NATO could protest 
against Russia’s coup of two weds earlier. 

But if the West has, with its F-1&, gotten 
hy k imo the power-politics game as Mos- 
cow’s equal this offers an opportunity now to 
try out a common strategy. If Washington and 
Moscow were to cool off their newly inflamed 
rivalry and move together in the Balkans, the 
chances of bringing the Serbs to reason (al- 
ways with the threat of violence implicit) 
would be vastly improved. 

— Sdddeutsche Zeitung (Munich). 


In Civilized Disguise 


cause they will confirm the worst fears of 
Israel’s enemies — and the worst fantasies of 
anti-Semites around the world. “We are all 
Goldstein," a man shouted at the murderer’s 
funeral —a view evidently shared by many of 
Ms neighbors. A chilling sentiment." 

Especially chilling for Americans, perhaps, 
is the fact that Dr. Goldstein and many of his 
fdlow settlers began their odyssey in the Unit- 
ed States, which continues to be "an important 
source of both immigrants and financial sup- 
port for the settlements in the occupied terri- 
tories. Dr. Goldstein was a follower of Rabbi 
Meir Kahane, who used bis base in Brooklyn 
to preach hatred of Arabs and escalated the 
Jewish struggle for a homeland into a crusade 
whose imperatives put its adherents above the 
law and exempted them from compassion. 

Even among those in the United States 
who support the settlements, most do not 
share the poisonous views that motivated Dr. 
Goldstein’s crime. They must move swiftly 
to condemn both the act itself and the rheto- 
ric of these dangerous days. Neither Ameri- 
can dollars nor Americans’ moral support 
must help to nourish the dark legacy of 
Baruch Goldstein. 


By David S. Broder 




International Herald Tribune 

ESTABLISHED 1887 

KATHARINE GRAHAM. ARTHUR OCHS SULZBERGER 
Co-Chairmen 

RICHARD McCLEAN, Publisher A Chief Exeaatve 
JOHN VlNOCUR.£xaaswfififtv.iS Vice Pressure 

• WALTER WELLS. • SAMUEL ABT. KATHERINE KNORR and 

CHARLES MflCHELMORE. Deputy Edam * CARLGEWlKIZ. Associate Ediaar 

• ROBERT J. DONAHUE. EJhrvtfibe Editorial Pages •JONATHAN GAGE, Busmess and Fmunce Editor 

• RENE BONDY, Depun Publisher* JAMES McLBOD./Wiertil^flh^ 

•JUANITA L CASPAR!. Inkmaknd DnehptKnrDimsar* ROBERT FARRIS Gradate* Dinar. Europe 

Diretieiirdcbi PuNiaKo* : Richard D. Simmons 


W ASHINGTON— It was sheer 
coincidence that the evening 
chosen to see Schindler's List" at 
the local movie house coincided 
with the appalling news of the mas- 
sacre in the Hebron mosque. The 
power of Steven Spiclbeig’s film 
about the horrors of the Holocaust 
lent added weight to the tragedy of 
the shootings on the West Bank. 

As you watched the cold-blooded 
Nazi commandant of the film’s 
forced labor camp in occupied Po- 


The horror of this 
century, repeated over 
and over, is that people 
can be brought so easily 
to see their neighbors not 
just as enemies but as 
nonhuman objects, to 
be liquidated without 
a second thought. 


With each new military development, the 
issue of a political settlement in Bosnia shar- 
pens. Saying little about it, the United Stales 
has made itself the lonely sponsor of terms that 
cut across those hatched by the United Nations 
and the European Union. The United Nations 
and the Europeans favor, still partition of 
Bosnia essentially on the ethnic lines carved by 
the war. The United States seeks to preserve 
something more for the representatives of the 
chief victims, the Muslim-led B osnian govern- 
ment Washington is trying to bring Muslims 
and Croats into a federation that would pre- 
serve ethnic autonomy within a continuing but 
loose unitary structure; this combination 
would offset hostile Serbs now and theoreti- 
cally remain open to cooperating Serbs later. 

It is right to try to redress some of the 
Muslims* war losses. Bat the considerable 
risks must be aired. How far is it possible 
and safe for the United States to go without 
drawing in the United Nations and the Euro- 
peans and without assuming heavier military 
costs? Especially as he increases American 
military exposure, it is essential for President 
Clinton to clarify his overall strategy and to 
build public support at home as well as 
international support for it 

— THE WASHINGTON POST. 


land, who used Jewish prisoners for 
pre-breakfast target practice from 
the balcony of bis villa, the mind 
turned inevitably to Baruch Gold- 
stein, the Brooklyn-born physician 
who unloaded three magazines of 
bullets from his assault rifl e into 
innocent Muslims at prayer cm Fri- 
day, killing more than 40 of them. 

The crimes cannot be equated. 
The Holocaust was a government 
policy that exterminate! millions. 
Dr. Goldstein’s crime was the act of 
an extremist, promptly condemned 
by the government of Israel 

But the horror of this century, 
repeated over and over, is that peo- 
ple can be brought so easily to see 
their neighbors not just as enemies 
but as nonhuman objects, to.be li- 
quidated without a second thought 
as an affirmation of racial or nation- 
al or religious or ethnic pride. 

What is this curse that mocks this 
century’s advances in education, in 
science and, yes, in international co- 
operation? Hannah Arendt and oth- 
er philosophers have wrestled with 
the question, but it almost defies 
understanding. Beneath the veneer of 
civilization, there is a strain of tribal- 
ism in us that can lead people to 


commit cold-blooded murder. It is as 
if they feel driven to act in ways that 
not only destroy lives but deny the 
essential humanity of their victims. 

The most virulent expressions are 
often racial Throughout the history 
of the United Stales, the stain of 
slavery — the institutionalized ex- 
pression of the impulse to dehuman- 
ize others —has besmirched Ameri- 
can professions of equality and 
freedom. It surfaces still in much 
of the mail i get when I have writ- 
ten about crime or welfare or edu- 
cation. Too many white Americans 
still consign African-Americans to 
a lesser status, believing that 
“they 7 ’ won’t obey the law, or work 
fora living or try to improve them- 
selves through schooling. 

Americans are not unique in suf- 
fering these twisted thoughts. Segre- 
gation and stratification on the basis 
of race and color are ubiquitous. 
The restrictive immigration policies 
of country after country rest as 
much on prejudice as they do on any 
economic calculus. 

Some may rue the day when God 
or nature created separate races, but 
that is out of our hands. When 
atrocities are committed in (he name 
of nationality or religion, however, 
it is harder to feel blameless. This is 
a perversion of our own mairinj* a 
reminder that even the noblest of 
institutions can have appallingly 


V 




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The CJatoOT Sdeoa Mocsbw. 
Lot Angeles Firon Syn&wc • 


1 

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ifii* 

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ugly undersides. 
Nothing is m 


Nothing is more basic and yet 
more elevating to humans than the 
religious concepts that reconcile us 


with each other and to the great 
mysteries of life and death. But it is 
probably the case that more men 
and women and children have been 
slaughtered in the name of religious 
faith than in almost any other cause. 
If one person believes that he is 
giving witness to holy troth, while 
the other is affir ming heresy, then 
no weapon is proscribed. At least 
that is how it has worked from the 
Crusades right down to Hebron. 

National and ethnic pride can be 
strongly positive forces. But they 
have been twisted so often into ex- 
cuses for violence that they can seem 
a curse. The slaughter in whai was 
Yugoslavia no sooner abates for a 
moment than the Middle East erupts. 


The truly appalling aspect of this 
is that so mtai, it is the best minds 
— those which ought to be able to 
distinguish between the healthy and 
the virulent forms of religiosity, of 
ethnic and national pride — that 
succumb to fanaticism and lead oth- 
ers to the slaughter. 

How can a physician, a man 
trained to heal and save lives, be- 
come so gripped by ideology or hate 
or fear that be becomes a mass mur- . 
derm? One might as well ask how 
those civilized Germans, with their 
Seat gifts to music and literature 
and philosophy, could follow Hitler. 

'One fascinating aspect of Mr. 
Spielberg’s film is that he does not 
disguise the moral ambiguity of his 


protagonist, the ambitious German 
industrialist. Mr. Schindler is seem- 
ingly quite happy exploiting the 
Jewish slave labor that the Nazis 
provide him, but he rebels when 
those same workers are threatened 
with extermination. 

In real' life, Mr. Schindler’s 
qualms saved lives, which is why. he 
has been tingled out for sympathetic 
examination in this movie. But be 
was also compiicit in a system which 
slaughtered millions of others not 
lucky enough to be on his list. 

Everywhere one turns, in the news 
and in the theater, that damnable 
duality of human nature confronts 
you. There is no escaping it 
The Washington Post. 


5 ; "f- 


A Mad Assault on an Unfinished Edifice of Peace 


J ERUSALEM — Disaster has struck Israel 
Not by a cruel act of nature but by a premedi- 
tated outburst of the depravity of man. The 
victims were Muslims praying to the God of 
Abraham, forebear of Israel and Ismael The 
victims were all the people of goodwill — Arabs; 
Jews and humanity at large — who are praying 
and working for peace. 

The dastardly killer, his mind envenomed by 
his adherence to a cult of barbarism, aimed at the 
destruction of the edifice of peace at the most 
critical hours of its completion. 

The people of Israel traumatized by the act of 
savagery committed from their midst, are rallying 
to rid the country of the poisonous weeds defacing 
its political landscape. The cathar tic experience 
will lead them to a process of ethical cleansing 


By Gideon Rafael 


that refurbishes their country’s tarnished image. 


Israel has to reflect on its political action, as 
mudi as its neighbors have to. This writer warned 
on this page on Jan. 18 that procrastination could 
“only lead to more senseless bloodletting and 
exasperation." Not in his most terrible nightmare 
could be have imagined the horror of Hebron. 

Peace must be saved from.tbe ruins. The inter- 
national community and the United States at its 
head most launch a vigorous rescue operation. 


drafts that widen disagreement instead of pro- 
moting compromises of consent. 

The distrust between Arabs and Israelis is 
still deep, and the gulf separating them is still 
wide. The massacre of Hebron has deepened the 
abyss. It can be bridged by determined interven- 
tion by the United States supported by the 
forces of peace in the international community. 
Peace negotiations must be conducted continu- 
ously ana diligently. Their collapse could turn 
the tragedy of Hebron into a disaster for (he 
whole Middle East 


pressing the parties to abide by their obliga- 
tions. They have wasted too much time journey- 


ing from place to place, quibbling about insig- 
nificant details and scribbling multitudes of 


The writer, a former director-general of the 
Israeli Foreign Ministry and ambassador to the 
United States, contributed this comment to the 
International Herald Tribune. 


Beyond the Horror, a Difference: The President Bowed His M 


77 


N EW YORK — For all Israelis but a 
handful the massacre of the Muslims 


lx handful, the massacre of the Muslims 
at prayer was one of the saddest days in the 
country's history. 

That fact does nothing to assuage grief or 
diminish the crime. Still, it does tell a great 
deal about the gap between Arab and Israeli 
societies — and the importance of not allow- 
ing shock or sorrow to overwhelm the aware- 
ness of the difference. 

As long as the difference goes unmen- 
tioned, as long as the world’s politicians, 
cleigymen, intellectuals and journalists act 
as if it does not exist, they diminish the 
chances of peace, or even easement between 
Arab and Jew in the MideasL 

Baruch Goldstein committed a monstrous 
act of terrorism that cannot be softened by 
talk of his rage or sense of injustice. But 
collectively and individually, Israelis de- 
nounced the crime; some even saw it as a time 
for national contrition. 

After the massacre, the president of Israel 
went to Hebron to bow his head. He said that 


By A. M, Rosenthal 


ordered settlers deemed dangerous to be de- 
tained, disarmed or arrested. 

Benjamin Netanyahu, the opposition Li- 
knd leader, said the crime was a “despicable 


If we let these things go unsaid, we become 
parties to the offense of moral equivalence, 
the curse of Weston society. In the days of 
the Communist empire, it was committed by 


the left and the stupid. Essentially they said 
that people were suffering under capitalism as 


abomination." In New York, Jews prayed for 
the Muslim dead in a Christian church. 


nothing worse had happened in the history of 
Zionism. In Jerusalem, Prime Minister Yitz- 


Ziamsm. In Jerusalem, Prime Minister Yitz- 
hak Rabin set up a lop- level investigation. 


the Muslim dead in a Christian church. 

And now, it is healthy and wise to ask some 
questions. When 22 Jews in an Istanbul syna- 
gogue were murdered at prayer, did Yasser 
Arafat visit Israeli offices to express sorrow? 
When Pan Am 103 was bombed out of the 
sky, did Arab states immediately begin an 
investigation? When Israeli athletes were 
murdered in Munich or Israeli cities were hit 
with Iraqi missiles, was weeping heard in 
Arab streets — or rejoicing? 

Another difference: The mosque murder- 
er was not ordered into action by state- 
sponsored terrorist squads like those that 
nave moved out from Syria, Iran and Leba- 
non to kill Israelis, dissident Palestinians 
and Westerners decade after decade — and 
to (his day. No services of regret. What Arab 
president bows his bead? 


that people were suffering under capitalism as 
weD as communism, so there was no great 
moral judgment to make between the two. 

For a half-century, moral equivalence has 
been shield and weapon for those who oppose 
the existence of Israel or find a particular 
Israeli government not to their lilting. An act 
of repression or violence in Israel’s democrat- 
ic society becomes worse than the built-in 
repression and murder that are the very basis 
of Arab states at war with Israel. 

In the time of Soviet power, moral equiva- 
lence was the cover-up for a leaning toward 
left-wing totalitarianism. About Israel, since 
independence moral equivalence often masks 
a taste for Third World totalitarianism. 

Israel's Labor government does not talk 
much about moral equivalence. Why bother 
when there is nobody to negotiate with but 
despotic states and movements? 

Silence does not change reality. It is the 
nature and history of Israel's neighbors that 


make so many Israelis fear an independent 
Palestine. They see it as one more reprerr.ive 
hate-filled stale on their borders,' swtrn' 
eat deeper into Israel. 

The freely elected Israeli government has 
already made fundamental concessions teal 
could lead to Palestinian independence in a 
few years: recognition of the PLQ, a Palestin- 
ian legislature and police-array, steps toward 
giving up most of the West Bank and the 
Golan Heights, and a new untested military 
survival strategy based on that territorial loss. 

How many Israeli settlers would remain on 
the West Bank to put their safety in tire hands 
of Palestinian police? Patience, Mr. Arafat: 
Judea and Samaria can yet be Jew- free. 

After the massacre, the Arabs ask fer more 
concessions as the price of negotiation. For 
the West or Russia to back the demands 
would be cynicism and cowardice. 

But for Israel to agree would be an even 
greater error. Israel would then become par- 
ty to a judgment of moral equivalence that 
would deny the worth of Israel as a demo- 
cratic nation, set alone among the dictator- 
ships of tire Middle East 

The New York Times. 


A Secure Future for East Asians Supposes Collective Tending 


U ENGAPORE — Sustained rapid 
economic growth in East Asia has 
major consequences for security. Mil- 
itary spending has been forging 
ahead mote or less in line with eco- 
nomic growth. When economies ex- 
pand by between 8 and 10 percent a 
year, very substantial resources be- 
come available for the armed forces. 

In contrast to Europe, defense 


By Francois Heisbourg 


spending in East Asia has surged in 
recent years. Japan, Taiwan, South 


btfamiioftil Hcnikl Tribune. 181 Avenue Charici-dc-GaiiUe. 92521 Ncnilly-air-Seiie, Ranee. 

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Mug. Dir. Asm. RolfU. Kranepuhi. SO Gloucester Rd.. Himg King. Tel. 861-0616. Fax: 861-3073 
Mag. Dir. UK Gam Thun w. 63 Lam r Acre. London WC1 Tel. (071) 836-1801 Fax; (071) 240-2254 
Gm. Mgr. Gw non" V>. Laocrhuh. Fnnlnrfetr. 15. 60323 FrakfuM. Td (0ff))7267S5 Foe (OWl 727310 1 
PnxUJL Mklud Cimrnx. .Vtl Third Air, Aim >i«L N.Y. 10021 TeL 12121 752-3890. Foe (212) 75S-X78S J. 
S.A. i iu capital ./«■ 1.2M.UOO F. RCS Nanterre B 73202! 126 Cimmiuinn Parituire No. 61 337 m 
I^U. huemunwl Hcmltl Tribune AUnghs reserved ISSN: OSM-8051 K 


recent years. Japan, Taiwan, South 
Korea and members of the Associa- 
tion of South East Asian Nations 
spent 49 percent as much as Europe- 
an members of NATO in 1992r93, up 
from only 17 percent in 1980-81. 

This combination of economic 
growth and rising military expendi- 
ture coincides with the end of the 
East-West straggle led by the Soviet 
Union and the United States. The 
result is a drastically transformed 
geostrategic situation for East Asia. 

Since the Opium Ware in China 
last century, East Asian security has 
largely been a function of overseas 
pressures or tensions. Foreign actors 
woe not alone; Japan in particular 
became a key player in Asian power 
politics. However, the action of re- 
gional players was set in a framework 
laid by outside forces. 

In die last three years, this situa- 
tion has been turned upside down. 
From now on East Asia will play a 
commanding role in determining 
whether stability or instability wifi 
prevail within its own area. It may 
even become a purveyor of security 
or insecurity well beyond the region, 
much as Europe in the colonial era, 
and subsequently the United States 
and the Soviet Union, exported then- 
security concerns and conflicts be- 
yond their own confines. 

Several factors amid tilt the bal- 
ance toward exacerbation of tension. 
Ton tonal disputes are fairly numer- 
ous in the region, most notably over 
the islands of the South China Sea 
through which run lay routes for 
maritime trade and naval communi- 
cation. To these must be added cen- 
trifugal forces wjihin Malaysia and 
Indonesia, uncertainties over the fu- 


ture course of relations between Chi- 
na and Taiwan, and rivahy between 
China and Vietnam and between 
China and other neighbors. 

The most notable relic of the Cold 
War in Asia, the enduring confronta- 
tion on the Korean Peninsula, has 
beat substantially complicated by 
the nuclear ambitions of North Ko- 
rea. Any mishandling of the mid ear 
question in North Korea could be 
magnified by the mutual distrust 
which underlies relations between the 
two Koreas and Japan, and between 

China and Ja pan 

Many East Asian countries have in 
the past shown lack of inhibition in 
using force to settle disputes. Pro- 
spects for peaceful evolution could be 
worsened by the way military bud- 
gets are spent. North Korea, for ex- 
ample, has tested ballistic missiles 
capable of striking Japan. It remains 


The network of defense cooperation 
involving the ASEAN countries and 
Australia has been dee pening . None- 
theless, the factors of insecurity and 
tension are numerous and weighty. 

The paraDd with pre-1914 Europe 


appears to be uncomfortably strong, 
what then can be done to avoid a 


What then can be done to avoid a 
chain of events of the kind which 
precipitated Europe into a general 
war, destroying the paramount posi- 


tion that European states occupied in 
world affairs before 1914? 

Laying the foundations for stabil- 
ity in East Asia requires more than 
continued economic growth and the 
spread of its political and social bene- 
fits. Security cannot be established in 
the face of economic hardship. Yet 
prosperity accompanied by democra- 
tization is a necessary but not suffi- 
cient condition for peace. 

Continued involvement of the Unit- 
ed Slates in the Asia-Pacific area is 
one of the strongest guarantees of re- 
gional stability in the short to medium 
term. With two large powers, China 
and Japan, in East Aria, the commit- 
ment of a substantial external power 
helps reassure smaller states while 
avoiding a polarization between China 
and a Japan bereft of its U.S. ties. 

Japan must come to terms with its 
recent history so as to persuade other 
Asian nations that it will not threaten 
them again in future. 

The pace of political reform in Chi- 
na will be the key to future peace in the 
area. There is probably little that the 
outside world can do to determine the 
directum that China, mil take after 
Deng Xiaoping passes from the scene. 
But outsiders can give a helpful nudge 
here and there, for example by trying 
to draw Beijing into more systematic 
consultations with iu neighbors and 
with outside powers that have signifi- 
cant interests in the security and sta- 
bility of the Asia-Pacific region. 

litis ties in with the broader need 
for multilateral consultative machin- 
ery on regional security. The .Asia- 
Pacific Economic Cooperation forum 
could in time fulfill such a role. In 


: seen whether America’s carrots 


and sticks (so far, mostly carrotsX 
and the diplomatic efforts of Seoul 
Tokyo and Beijing, will reduce the 
problem to manageable proportions. 

If North Korea is seen to have 
acquired nudear weapons with impu- 
nity, there is every risk that South 
Korea and possibly Japan will feel 


compelled to make a wrenching reap- 
praisal of defense policies. Nudear 
aims and ballistic missiles could be- 
come priority items. In response, there 

would be policy changes in the rest of 
the region, not least in China. This is 
the greatest short-term challenge to 
peace and security in East Asia. 

Given rapid economic growth in 
China, its ability to project military 
power beyond its boundaries could 
increase rapidly, provided there is a 
stronger central government in Bei- 
jing capable of levying taxes from the 
boom provinces of the coast 

The weakness of multilateral insti- 
tutions and security arrangements 
could prove a negative factor in the 
Asia-Pacific region. There are signs of 
change. ASEAN and other major 
players in regional security have start- 
ed to riUnra some of the problems. 


Southeast Asia, the newly established 
ASEAN Regional Forum on political 
and security problems come to mind. 

However, there is an urgent need 
for a forum for consultation and co- 
operative policy-making on the Kore- 
an Peninsula. Periodic meetings of 
Chinese. U.S., Japanese, South Kore- 
an and, eventually. North Korean 
foreign ministers, diplomats and se- 
curity experts could lessen the risks 
of misunderstanding. For such a 
group to perform effectively in times 
of strain, the habits of consultation 
are best acquired when LhingsarestiU 
reasonably quiet 

Finally, in the field of arms con- 
trol East Asian countries including 
China have every reason to avoid the 
spread of weapons of ma« destruc- 
tion and their means of delivery. Re- 
spect for the Nuclear Nonprolifera- 
tion Treaty is absolutely critical. It 


will survive only if North Korea's 
nuclear ambitions are effectively 
checked. Similarly, limitations on the 
spread of long-range missiles under 
the Missile Technology Control Re- 
gime will serve to enhance stability. 


Long-term prosperity requires se- 
trity. Asian-Pacific nations have the 


curity. Asian-Pacific nations have the 
diplomatic skills and resources to fos- 
ter a benign security regime for the 
region. But to succeed, they will have 
to put their collective minds to it 
consistently. The experience of 
World War 1’ in Europe demonstrates 
what can happen when the causes of 
insecurity are not addressed in a 
timely and appropriate way. 


The writer, a defense analyst and 
farmer director of the International ' 
Institute for Strategic Studies in Lon- 
don . contributed this comment to the ; 
International Herald Tribune. 


fa n; r>. 


fa . 


IN OUR PAGES: 100. 75 AND SO YEARS AC.n 


1894: More a Tempest 

MALTA — The gale reached its 
height. It culminated. It seemed like- 
ly to blow the very bastions over. It 
was more of a tempest than a gale. It 
had lasted and kept increasing during 
«veral days. It was the longest and 
heaviest wind and rain storm on Mal- 


ta’s record. The sea was crazy-white, 
and the rain fell in smiting, blinding 
torrents. The lines are down between 
Malia and Gozo, and the detachment 
of Connaught Rangers in the latter 
island is “abandoned" — at least 
until the gale lets up. 


rial comparison of the French Gov- . 
eminent, based on “a model ration." • 
and to equalize the discrepancy and ' 
reduce the high cost of living, the . 
Government yesterday [March 11.. 
through M. VUgrain, Minister of Re- ' 
victualling, announced its latest pro- • 
gramme. It is the expectation that- “ 
this will result in reducing by 40 per .) 
cent the present living scale. 


v/>, ,, 


1944: Warm Estonia 


1919: Costs of living 

PARIS — Of three of the world's 
largest ci lies the cost of living in Paris 
is the highest New York is next 
while London is the cheapest To lire 
m the same manner in each city you 
s Pf nc * ^ francs 2? centimes in 
the French capital. 2 francs 8 cen- 
time in New York and 1 franc 75 
centimes in London. This is an offi- 


LONDON —-[From our New Yoik.' 
edition:] The Russian command an- * 
flounced last night [March 1] that the- J 
Red Army had forced the Narva Riv- -• 
cr inside Estonia along a twenty-two ’ 
mile front and penetrated nin e miles 1 . 
beyond, cutting the last escape rail- - 
way from Narva at a point nine miles ’ 
to the west of that German-held for- - 
tress diy. This sweeping advance..’ 
scored after a battle of several days. \ 


placed the Russians approximately' >> 
fifteen miles inside Estonia alone a. * 

krrvirl F. J - ... * 


, — Uiuiud Iiiuug a- 

broad front and imperiled acv Ger- * 
man forces still remaining in Narva. > 









Ups and Downs Don’t Snap 
( ^ A Still Special Relationship 


By Edwin M. Yoder Jr. 


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TTTASHINGTON — As I write, a 
h VV remarkable British-American 
meeting rt unfolding. Bill Clinton had 
mviied John M^or to deep at the White 
House, the first prime minister to do so 
of Roosevelt- 

Churchill friendship. 

On Monday, Mr. Clinton joined Mr. 
Major on a sentimental journey to Pitts- 
burgh, where Mr. Moor’s inumeram 
gnmdfather worked in the steel milk 
and Mr. Moor's father was bom. In 

Qinton’s courtesies to 
Major have been seen as a 
kind of peace-pipe ritual 
In fact, they get along fine 
and have from the outset. 

June, Mr. din ion win return to Oxford 
for an honorary degree. 

All this is bong taken, on both sides 
of the Atlantic, as signaling that the 
"special relationship" — the close and 
harmonious British-American partner- 
ship that dates at least to early World 
War II days — is frayed and needs an 
emergency reweaving. The story, as usu- 
al, is more complicated. 

On the night Bill Clinton was elect- 
ed, the stars and stripes Hew in celebra- 
tion over Rhodes House in Oxford, the 
university where Mr. Clinton was the 
first American president to study (and 
John Major, oddly, is the first Tory 
prime minister since Neville Chamber- 
lain who didn't}. The British assumed 
that Mr. Clinton had contracted the 
loyalties usual among Rhodes scholars 
and would strengthen the British- 
American connection. 

■ Thai made it all the more dismaying 
when Mr. Clinton grossly flouted the 
unwritten rules of the “special relation- 
ship" last month by granting a 48-hour 
visa to Geny Adams, president of the 
Irish nationalist organization Sun Fein. 
Mr. Adams, a front man for Irish Re- 
publican Army terrorists, is a tireless 
agitator for the detachment of the six 
counties of Northern Ireland from the 
United Kingdom. This slight was aug- 
mented by uncouth hints at the White 
House that if the Adams visit irritated 
Loudon, all the better. 

Some cm both sides of the Atlantic 
saw the Adams incident as a din ton 
payback for alleged foul play during the 
1992 presidential election. When the 
Bush forces tried to exploit the rumor 
that Mr. Omton, while a student at 
Oxford, had considered renouncing his 
UB. citizenship to avoid the draft, a 
Home Office spokesman, responding to 
a reporter’s query, looked into the story. 
He found it baseless. But his dutiful 
routine inquiry was seen — incorrectly 
— as an moil to boost Mr. Bush. ' 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 H 



OPINION 




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In another incident that rankled, two 
operatives from the Conservative cen- 
tral offiec did journey to America in 
1992 to advise the Bush campaign. It can 
be said with assurance that they acted 
w^hout the approval of Mr. Major or his 
cabinet; but their meddling left a sour 
taste at Clinton headquarters. 

As a result of Lhese incidents. Mr. Clin- 
ton's courtesies to the prime minister 
have been seen as a kina of peace-pipe 
ntuaL In fact, the president and the prime 

minister get along fine and have from the 

outset. The two planned the sentimental 
journey to Pittsburgh at the Group of 
Seven meeting in Tokyo last summer, 
wdl before the Adams incident. 

Another misimpression, no doubt the 
product of Americans' vanishing sense 
of history, is that the special relatio nshi p 
between the two nations grew out of 
what one London newspaper correspon- 
dent describes as “personal and ideolog- 
ical affinities” between Margaret 
Thatcher and Ronald Reagan. 

It is much older and has had little to 
do with “ideological affinities.” It 
dates at least to the secret messages 
that Roosevelt and Churchill ex- 
changed before and during the Battle 
of Britain in 1940 and springs from a 
common outlook that transcends party, 
reinforced by a shared language and 
political culture and a dense network of 
trans-Atlantic friendships. 

But the relationship has never been 
unruffled and it has never precluded 
sharp differences of view. The Eisen- 
hower administration's determination 
to block British-French repossession of 
the Suez Canal in 1956 left a bitter 
aftertaste, as did the lingering British 
grievance over Lhe American refusal, 
after 1945, to reciprocate Britain's 
wartime sharing of atomic secrets and 
technology. Dean Rusk and others lat- 
er took it amiss that the British refused 
to entangle themselves along with 
America in Vietnam. 

There is, however, a great difference 
between temporary misunderstandings, 
however sharp, and a decision to patron- 
ize a friend of terrorists such as Gory 
Adams — an error of judgment going 
to the heart of British national interests 
which, if it became a habit, could dam- 
age or even destroy the United States' 
most important, and reliable, overseas 
friendship. Otherwise, reports of the 
death of the special relationship are 
much exaggerated. 

Washington Post Writers Group. 


Letters intended for publication 
should be addressed " 'Letters to the 
Editor" and contain the writer's sig- 
nature, name and full address. Let- 
ters should be brief md toe subject to 
editing. We coma be responsible for 
the return if msoHdted manuscripts. 




LETS RAGE IT 1 
A$ A PARENT, 

/ 


WUKEALO05Y 
ROUE MO PEL. 





LETTERS TO THE EDITOR 


Waiting for a Policy 

The current preoccupation over what 
to do in Bosnia stems from a failure to 
understand what can be done and how to 
forge a coherent polky to achieve those 
ends. Like it or not, UB. policy must be 
formulated on national interests. 

What are UB. national interests in 
Bosnia and the Balkans? Frankly, there 
are not many. America has an interest in 
containing and then, through negotiated 
settlement, ending the war. It has a duty 
to provide aid to mitigate the suffering, 
and indeed has done much in that direc- 
tion. But it cannot impose a peaceful 
solution on the warring parties. They 
must come to that decision themselves. 

But UB. policy is not coherent- What 
there is of it is formulated through a 
series of administration sound-bites 
and the pleadings of suffering Saraje- 
vans carried on CNN. What legitimate 
national interests Americans do have 
are being subverted by ill-informed 
calls to action. 

Air strikes may destroy some gun posi- 
tions around cities tbai have been de- 
clared “safe havens,” but this will not 
bringpeace. Such attacks almost assured- 
ly wid lead to U.S. and NATO ground 
involvement Inevitably, the Serbs wiD 
attack other Bosnian areas, and more 
suffering wiD result The Serbs will also 
attack peacekegjing forces and foreign 
aid workers. This will lead, guile certain- 
ly, to total U.S. and NATO mvotaznent 

Before the United States commits it- 
self to yet another ill-advised foreign 
intervention, the Clinton administration 
must formulate and articulate a respon- 
sible Bosnia policy. 

MICHAEL EDINGER. 

BdbKngcn, Germany. 


Eighty years ago in Sarajevo, the mur- 
der of the crown prince of Austria-Hun- 
gary was the beguiling of the events that 
led to World War I. Have we learned nor 
to meddle in Balkan affairs? 

JAMES P. ROOSEVELT. 

Sl Moritz, Switzerland 

While writing about the conflict in 
Bosnia, I noticed that neither “Bosnia” 
nor “peacekeeper” is recognized by my 
word processor's spell -choking device. 
One might doubt the wisdom of interven- 
ing in a conflict when a short time ago 
there were no words to describe either the 
military force to be used for the inter- 
vention or the political entity which it 
is supposed to defend 

KENT GORDIS. 

Geneva. 

Why Israel Is Booming 

Regarding “ Something More Than 
Just Hope" (Opinion, Feb. 5): 

Israel's current economic boom has 
nothing to do with the “impact of 
peacemaking with the PLO.” as For- 
eign Minister Shimon Peres claimed in 
his talk with Anthony Lewis. 

The Israeli economy has grown im- 
pressively since 1989 — mainly as a 
result of the former Likud govern- 
ment's market-oriented economic poli- 
cies and its gradual withdrawal from 
capital and financial markets. 

In the four years through 1993, lsra- 

30 percent in cumulative termsJ3rowth! 
unfortunately, will not exceed 4 to 5 
percent in 1994 — the first year entirely 
influenced by the present Labor govern- 
ment's policies — but it should rise 
again in coming years. 


Of course “psychology” has a lot to 
do with the economy, and the peace 
process, started by (lie previous Israeli 
government, will continue to have a pos- 
itive effect on prosperity and the genera] 
business climate in Israel One can only 
hope that our Arab neighbors, once they 
finally make peace with Israel will be 
able to share m this. 

ZALMAN SHOVAL. 

Td Aviv. 

Editor’s note: The writer, a banker by 
profession, was the Israeli ambassador io 
Washington from 1990 to 1993. 

Playing the Game 

For the Hillary administration to 
huff, puff and stamp its feet at the 
Russians because a traitorous mole has , 
been discovered at the CIA is risible. 
The Russians were just Playing the 
Game, even if an admittedly deadly 
game, and if the draft-dodging presi- 
dent wants to get angry at anyone, 
it should be the CIA. 

JACK JOLTS. 

Brasschaat, Belgium. 

Sushi for Five? No Sweat 

Regarding “In New York, the Ultimate in 
Sushi Bars: It Seats 5” (Postcard, Jan. I5f 
The designers stale that the lacquer 
on the wall trim in their bar was applied 
to sheets of ceramic, because cycles of 
dry winters and humid summers would 
warp and distort wood. 

while spending 5250,000 on “a 
wealth of custom detail," did they forget 
about air conditioning? 

JOHN PARKES. 

Lugano, Switzerland. 



On a Beach in thePacific, 
He Showed How It’s Done 


By Richard Harwood 


W ASHINGTON — The papers 
published modest accounts of 
the life and death of Bob Sherrod. Time 
magazine noted his passing with a sin- 
gle paragraph, illustrating the truth 
that journalistic fame has the half-life 
of cotton candy. 

Bob Sherrod was a war correspon- 
dent, a label that has various connota- 
tions. Many “war correspondents" cov- 
er their wars from a great distance, 

MEANWHILE 

writing healed prose derived from com- 
m uniquis, after-action reports, briefings 
and press releases. Others experience 
directly the carnage, terror, cruelty 
and tragedy of battle. 

Peter Amen, Ward Just and Michael 
Herr epitomized the breed in Vietnam. 
As a lime correspondent, Mr. Sherrod 
was its exemplar in the Pacific in the 
1940s, writing some of the most vivid 
accounts of men at war ever produced 
by an American journalist. 

From the deadly, stinking beachhead 
at Tarawa, constantly under fire, he 
scribbled notes that were typical of his 
passionate reportage: 

“0530: The coral flats in front of us 
present a sad si^ht at low tide. A half- 
dozen marines lie exposed, now that the 
water has receded. They are hunched 
over, rifles in band, just as they fell. 
They are already one-quarter covered by 
sand that the high tide had left Further 
out on the flats and to the left I can see 
at least fifty other bodies ... The smell 
of death, that sweetly sick odor of decay- 
ing human flesh, is already oppressive. 

“Now that it is light, the wounded go 
walking by on the beach. Some are sup- 
ported by corpsmen; others, like inis 
one coming now, walk alone, limping 
badly, their faces contorted with pain. 
Some have bloodless faces, some bloody 
faces, others only pieces of faces. Two 
corpsmen pass, carrying a marine on a 
stretcher who is lying face down. He has 
a great bole in his side, another smaller 
hue in his shoulder. 

“The scene, set against the back- 
ground of the dead on the coral flats, is 
horrible. It is war. I wish it could be seen 
by the silken-voiced, radio-announcing 
PoByannas back home who, by their 
very inflections, nightly lull the people 
into a false sense of aU-is-wdL 
“0600: One of the fresh battalions is 
coming in ... Its Higgins boats are be- 
ing’ hit before they pass the old hulk of a 
freighter seven hundred yards from 
shore. One boat blows up, then another. 
The survivors start swimming for shore, 
but machine-gun bullets dot the water 
all around than ... Some of the troops 
get within two hundred yards of shore, 
while others from lata 1 waves are un- 
loading further ouL One man falls, 
writhing in the water. He is the first man 
[of this wave] I have seen actually hit . . . 


"Now some reach the shore, maybe 
only a dozen at firsL They are calm, even 
disdainful of death. Haring come this 
far, slowly, through the water, they show 
no disposition to huny. They collect in 
pairs and walk up the beach, with snip- 
ers still shooting at them.” 

Tarawa was declared “secure” 75 
hours and 42 minutes after the first men 
went ashore. Mr. Sherrod flew back to 
Honolulu a few days later and was ap- 
palled at what he heard. There were 
critical mutterings about the price paid 
for this tiny island. 

“People on the U.S. mainland," he 
wrote, “had gasped when they heard 
the dread phrase ‘heavy casualties.' 
They gasped again when it was an- 
nounced that 1,026 marines had been 
killed, 2,600 wounded . . . This atti- 
tude ... was the clearest indication 
that [Americans] simply found it im- 


possible to bridge the great chasm that 
separates the pleasures of peace from 
the horrors of war . . . The people had 
not thought of war in terms of men 
being killed — war seemed so far away." 

Mr. Sherrod's mission was to remind 
them of those horrors. He continued on 
that punful course until the war ended, 
always beside the marines until the Jap- 
anese surrender, landing with them at 
Saipan, lwo Tima and Okinawa. He ex- 
panded his correspondence for Time 
into several books. The most celebrated 
was “Tarawa: The Story of a Battle.” 

We met after the war, and in recent 
years had frequent lunches, often with 
Chris MeriDal, himself a World War II 
marine and author of fine and honest 
books about the conquest of Guadalca- 
nal Mr. Sherrod had no pretensions. We 
would sometimes talk about lhe old days, 
but be never took pleasure in “war sto- 
ries” or referred to his own heroism. 

He was not a war lover, nor was he a 
pacifist. He loved and wept for those who 
fought, but hated the agony they en- 
dured. The purpose of his writings was to 
remind the politicians and the home- 
bodies what they had done when they 
seal these boys to the butcher, to tdl 
them that war is not a Hollywood film, 
that it truly is an earthly helL 

One could hope, vainly no doubt, that 
the politicians and tub-thumpers of our 
own time, as wdl as those among this 
generation of journalists who dream of 
“glory” and professional profit, would 
study his wore and leant from it. 

En route to Tarawa on the h»nl«hip 
Tennessee, he was deeply moved by the 
death of a sailor who had been crushed 
under the loading platform of a mam 
turret gun. He described the burial at sea 
and quoted from the chaplain's blessing, 
taken from the 129th Psalm, which be- 
gins: “Out of the depths have I cried unto 
thee, O Lard; Lord, hear my voice." 

That is a decent epitaph for Rob- 
ert Lee Sherrod. 

The Washington Post. 


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• International Herald Tribune 
Wednesday , March 2, 1994 
Page 8 


STAGE /ENTERTAINMENT 


*, 


Hard Times Hit 
Russian Cinema 


By Celestine Bohlen 

New York Tima Service 


M OSCOW —The mood at Mos- 
film is downright gloomy, as 
filmmakers and administra- 
tors describe the agonies of 
this giant complex of studios and sound 
stages once known as the Hollywood of the 
Soviet Union. 

"The Black Jubilee” was how some film 
writers wanted to label the studio’s 70th 
anniversary last month, amid predictions 
that this year no more than a dozen films 
would be produced there, compared with 
about 60 a year in the studio's heyday. 

In the early years of giasnost, or openness, 
cinema was at the vanguard of change, just 
as Lenin had always predicted it would be. 
Films like “Repentance,” “This Is No Way 
to live" and “Little Vera" broke new ground 
as they explored hitherto forbidden areas of 
history, politics and sex, and audiences 


Few directors have 
tapped into the 
potentially 
huge market for 
Russian-language films . 

flocked to see them. Filmmak ers enjoyed the 
benefits of a state-subsidized economy and 
an audience that was both shielded from a 
mass influx of Hollywood products and 
hungry for innovation. That time has passed, 
and Mosfihn is decidedly in decline. 

“1 don’t want to take a weeping tone," said 
the studio’s general director, Vladimir N. 
Dostal “but what we have is a general break- 
up of society, which is reflected everywhere, 
from the Bolshoi Theater to us." 

The main problem at Mosfilm, as every- 
where in the Russian cultural world, is mon- 
ey. The days are long gone when the film 
industry, once a powerful arm of the Com- 
munist propaganda machine, could live off 
state handouts. And despite the clamoring 
by milHons of Russiaiirspeaknig moviegoers 
for something other than Hollywood fare, 
few directors have been able to tap into the 
potentially huge market for Russian-lan- 
guage films. 

“Russian films are not gettin g to their 
audience,” said Andrei Konchalovsky, the 
Russian filmmak er who ret urned home this 
year after a long stay in Hollywood. “The 
market is in shambles. There is no structure, 
no infrastructure. Nothing is controllable. It 
is like wildcat oO drilling." 

In the last two years, the peculiar traumas 
of Russia's economic transition have practi- 
cally brought the local film industry to a 
standstill Inflation has made filmmaking 
prohibitively expensive now that subsidies 


are gpne. The average feature film costs from 
500 million to 700 million rubles to produce 
(about $300,000 to $420,000), roughly 100 
times what it cost three or four years ago. 
Ticket prices have gone up at movie theaters, 
but attendance has dropped radically, leav- 
ing more and more theaters, even in Mos- 
cow, to rent out space to car salons 3sd 
money-exchange bureaus. 

To make ends meet, Mosfilm— the largest 
of Russia's four state studios, where the 
payroll has already been trimmed from 4,000 
to 1,000 people — keeps raising its prices, 
but increasingly the only diems who can 
afford its services are either foreign produc- 
ers or Russian companies specializing in vid- 
eo clips and commercials. On a recent visit, 
only two of Mos film’s 13 sound stages were 
occupied: one by a German production com- 
pany filming a 10-part television serial and 
the other by a Russian advertising agency 
filming a lavish commercial for a Moscow 
bank. 

I N the last half year, Mosfilm’s prices 
have jumped so d ramatically as to 
even risk losing the studio's competi- 
tive edge on the world market For 
Donovan Scott an American who is direct- 
ing the serial for German television, the 
studio’s attitude toward its few remaining 
customers seems remarkably shortsighted 
and self-destructive. 

“They seem to be going a little crazy,” he 
said, noting that he recently had to pay $500 a 
day to rent a crane for a balloon sequence, 
more titan he would pay in Hollywood. “They 
wait until they have you over a band, and 

than they pel yrai. Inflation i* making than gn 

crazy, and it is Minting then- own narration.” 

Russian directors lucky or famous enough 
to scratch together the money to make a 
movie are hit with another blow when they 
try to enter a market strangled by corrup- 
tion, piracy and a flood of Grade-B Ameri- 
can movies. 

Karen ShnWirmra nw, a yrmn g film director 

with cme international success, “Murder of the 
Czar," to his credit, came up against the new 
reality last year. Shakhnazaiov made a tightly 
budgeted film, “Dreams.” He filmed it in four 
weeks — compared with the usual half-year 
schedule for most Russian films — and shot 
most of it cm location to avoid the $500 or 
$600 a day that Mosfilm charges for its sound 
stages. But evm after completing the film on a 
modest budget of 70 mflion rubles, be now 
dwmtire nf gening Mu money back. 

Within weeks of its release at a Moscow 
theater, copies of “Dreams” were circulating 
in Russia’s video stores and being broadcast 
on cable TV ehamnd*, an of which thrive on 
pirated films. Russia’s new copyright law. 
adopted last year, has so far proved useless 
to fight off this “monstrous lawlessness,” as 
SbaHmazaro v rafk it. 

“Everything is corrupt and there is no- 
where to turn,” he said “To go to court is 
expensive, and besides, it just means more 
bribes." 

Filmmaker s and administrators all agree 



Oao PtU/Tte Nt* Yn* Uaa 


Russian ad agency filming a TV commercial at a Mosfilm studio. 


that the government should and could do 
more to protect the industry: by enforcing 
copyright law, by relieving toe tax burden on 
studios, by raising customs duties on foreign 
imports or by imposing quotas on the per- 
centage of foreign films shown on television. 

But most of them also agree that theprob- 
lems of the Russian film industry go deeper 
than any government decree could solve. 
There is, some say, a kind of post-glasnost 
paralysis that has left many talented direc- 
tors stru ggling to come to terms with the 
themes of modern-day Russia. Others say 
the problem is the inability of Russian direc- 
tors to cope with competition from the West 
and to respond to their audience’s new de- 
mands for high-quality entertainment. 


With foreign imports undercutting Rus- 
sian films an the home market, many Rus- 
sian filmmake rs have fallen into what Kon- 
chalovsky describes as a “psychological 
stupor.” 

“After (he first five years of free srif-expres- 
son in aS areas — sex, violence, politics — 
same filmmakers have retreated into numb - 
ness." said Konchalovsky, director of “The 
Inner Circle,” a film about the Stalin era. 

Konchalovsky has crane back to Russia to 
make a film about life in Russia’s provinces 
during the current topsy-turvy period “It is 
a very tough challenge to your mind free- 
dom,” he added. “Russia is the freest coun- 
try in the world right now, and it just shows 
once again that freedom is no panacea.” 


A Redesigned 'Kitchen 

Set Is the Main Star in Daldry’s Show 


By Sheridan Morley 

Imemaaonal Herald Tribune 


L ONDON — Even in a generation of 
brilliant young directors, it is hard to 
think of one who has made his name so 
rapidly or so flamboyantly as the new 
Royal Courtier, Stephen Daldiy. With “An Inspec- 
tor Calls” about to open on Broadway. “Machinal” 
just dosed at the National and now “The Kitchen” 
(his first main-staging at the Court, which he has just 
inherited from Max Staff ord-Qark), there can be 
tiuk doubt that within a year he has achieved the 
three most widely discussed productions in town. 

Yet I have a problem with “The Kitchen," and it 
is the same one I had with “An Inspector Calls”: 
Daldiy’s desire not just to direct but to radically 
reshape the material be has chosen to direct For 
better or (as I alone seem to think) fra worse, J. B. 
Priestley’s “Inspector” will never be himself again. 
In the case of nThe Kitchen.” what has happened 

LONDON THEATER 

is a drastic r ethink of the ending, and though this 
must have the blessing of the author, who was 
around during rehearsals. I'm far from convinced 
that it's an impro ve m ent. 

In “The Kitchen” as written and first staged, the 
lights go down on a standoff between the bemused 
manager and his staff, one of whom has jost run 
amok and destroyed both kitchen and restaurant In 

the owrent highly balletic waging, tfn .ttandnff ends 
with the staff going meekly back to work, thereby all 
too neatly answering the final question —“What is 
there more?” — rather than leaving it op to us to 
decide. Once again we have Daldiy as dramatist, 
which is anforainate, given how 'good be is as 
director. On this occasion he has torn the heart cut 
of the Court’s auditorium, thereby allowing Mark 
Thompson to design far and away the most realistic 
set ever buflt there, a fully functioning catering 
kitchen complete with everything but food. 

That set is the show’s only real star, although 
Christopho - Fulford has his apocalyptic moments 
as the maddened chef. 

Upstairs at die Royal Court, Sarah Daniels's 
“The Madness of Esme and Shaz” is a weird and 
wondrous black comedy about two women of very 
different generations, both traumatized by sexual 
abuse, who form themselves into an odd couple 
and take to the road, just as in fashionable Ameri- 
can movies. Except that these two are in their own 
ways so dysfnnctional as to belong in a comedy by 
Ayckbourn, while their ambitions are really no 
greater than those of WiDy Russell's self-taught 
escapees. 

Esme (Mariene Sidaway) is the old spinster civil 
servant dragged back to a gun-toting life by the 

marrir Shin (Tanya Render) and m fluid, 

funny, soap-operatic adventure are several memo- 
rable character insights into women who have been 
lashed by the system, as well as moments of im- 
ponderable and often implausible melodrama. 
Indeed, the central problem here is Daniels’s fre- 
quent inability to decide whether she is writing a 
kooky comedy or a sorial-security tragedy, and as 
a result ber play lurches from mood to mood like a 



Dm Corny 

Tanya Ronder and Marlene Sidaway in 
“ The Madness of Esme and Shaz.” 

demented pilot for an off-the-wall television sit- 
com. Yet in there somewhere is a touching account 
of two apparently friendless women finding each 
other across the generations and reinventing each 
other according to the new demands of an ever- 
changing partnership. 

Jessica Dromgoole’s production does its best to 
keep up with a play that frequently retreats into 
the anarchy of its own central partnership, yel 
somehow manages to stay afloat. 

Just as the recession has been good for solo 
shows and one-set, four-character comedies, so it 
has caused an intriguing rethink of old Broadway 
musicals. We currently have three in London 
(“Sweeney Todd” at theNatkmal, “Cabaret” at the 
Warehouse and “Sweet Charity’' at the Battersea 
Ails Centre), and they are being revived in studio 
stagings far removed in glamour and glitz and big- 
band appeal from their Broadway origins of 20 or 
so years ago. 

Hie big surprise of this trio is “Sweet Charity." 
It mig ht have been expected that by putting “Cab- 
aret” back to its Berlin nightdub roots and 
“Sweeney" bade to its East London melodrama, a 
new close-up intensity would be achieved. But 
who’d have thought Lhat “Sweet Charity” would 
benefit Ity bong stripped of all its Broadway and 
Hollywood glamour? 

But here,' loo, as Phil Wflmott’s engagingly 
tacky, no-budget production suggests, is an essen- 
tially seedy show about faded cabaret stars being 
unable to make it once they hit the daylight. 
Stripped of all the old Bob Fosse knee-jerk chore- 
ography, given only a tinny trio where once there 
was an orchestra, Ned Simon's sly, cynical book at 
last cranes into its own, as do the bittersweet lyrics 
of Dorothy Fields. This is a show about failure 
both professorial and romantic, something that 
neither Gwen Verdon on stage nor Shirley Mac- 
laine on film could ever quite bring themselves to 
acknowledge, because it is well known that in big- 
time American showbiz, fadure doesn't sdL 


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MILAN FASHION 


W ill W omen Dress for Success ? 


By Suzy Menkes 

International Herald Tribune 


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M ilan — win wom- 
en wear a dress fra 
success? That is the 
question posed by 
fashion’s minimalists, who are now 
making less of the pantsuit and 
more of the dress. 

“1 last wore a dress when I was 
13 years old — I have to invent 
what I would wear," said Jil Sand- 
er, who took a bow wearing her 
signature pantsuit, but talked up 
the 50 percent dresses in her show 
on Tuesday. 

“I wanted to get away from jack- 
et and pants,” said Giorgio Armani 
of his Emporio line, which majored 
on an empire dress — high-waisted, 
with full skirt — that was 
like a baby-doll dress, but 
on Hkc a T-shirt. 

It came out over hose or pants, 
sometimes with tiers and a lacy 
underskirt and often under a sec- 
ond pinafore dress worn open like a 
vest 

Since Armani is a great designer, 
be made a good job of the new 
sporty dress. As a show it was cute 
— but is the look really convincing? 

Armani’s design heart is in tai- 
loring, which means his signature 
jackets, now shown elongated over 
short skirts, as well as pants, and 
softened by using tactile velvet or 
crepe rather than mannish materi- 
als. 

Taken apart, there were good 
sporty pieces — brief boleros and 
cropped sweaters, velvet pants and 
loose crepe coats, plus accessories 
lie fake-fur bags and ankle boots. 

Accentuating the feminine were 
shoes with little beds and a flower 
wound round the neck at night 


F MODERN young women 
really want to lode 
ybe they will 


I maybe they will lake to 
shearling coats gathered 
round the bosom or the pinafore- 
cmn- vests. But many of the diradl- 
skirted dresses, especially in fuzzy 
wool boudfc or rose-patterned fab- 
ric, looked like Armani hod spotted 
a new market in the rising statistics 
of tewmg e pregnancies. 

Jfl Sander's dresses with a jigsaw 
of seams at the hips and dangling 
handkerchief-point hemlines were 
her new statement — and it is an 
important one for a designer who 
makes finely tailored clothes for 
strong women. 

Yet the sure hand — well-chosen 
fabrics and super-subtle mixes of 
tone and texture — that mark 
Sander’s tailoring seemed to dude 
ber in the dresses. 

Many of them were for evening, 
which is smart, because the work- 
ing women who are Sander’s cus- 
tomer base art more likely to ex- 
paiineni with a new look in off- 
duty hours. 



Moate/Tbemai 

Basics from the Emporio Armani line: an empire dress 
worn with a variety of toppings, here a cropped vest. 


Yet a mole-soft velvet trench 
coat seemed much more classy and 
convincing than cocktails of velvet 
and chiffon for dresses that were 
sheer in all the wrong places. 

The coats that opened Sander's 
show — sweeps of donkey brown 
cashmere or a short wrap coat — 
were beautifully crafted. 

Her pantsuits — shaped jackets 
and wide pants — were familiar, 
but well-judged in their mix of two 
fine pinstripes or a chocolate 
brown with navy blue: 


Once again it seemed a case of a 



soul. 

Cobweb-fine knits made into 
flared tunics over pants were a 
more successful way for Sander to 
move toward f eminin e dressing. 

In a Milan season that so far has 
been flat, knitwear is making a 
strong showing. 

Knzia’s fast-paced show made 
the best of big knits: fluffy sweater 
dresses with tufts of leather, tunics 


with trumpet sleeves in knit shaded 
like a streaky sunset, sweaters in 
cuddly mohair (a strong Milan 
trend), or dresses in flat silken vis- 
cose. Shown over a metallic body- 
suit and with gilded boots, they had 
a sporty freshness. 

Krizia’s tailoring, too, was 
sporty — the fitted jackets and 
unde pants that are a staple of de- 
signer Marinccia MandeUL 

If brief black fine-knit dresses, 
their cuffs floating into medieval 
sleeves, bad wound up the show, it 
would have been a real hiL Instead, 
it wandered off into fancy evening 
wear lhat does not seem to corre- 
spond to modern life. 

Evening clothes are a problem in 
Italy, for just when the dress should 
come into its own, it seeems all 
wrong. 

Genny’s show was off beam at 
night with its short, sparkly lace 
cocktail frocks and long Inrex 
dresses in Milan’s favorite silver. 

F OR daytime, Genoy's 
American stylist Rebecca 
Moses provided an over- 
view of current fashion 
options. That means a maxi coat, 
but only with a short skirt; a long 
vest dress, but only over pants; a 
suit, but only if the skirt is short 
and flared. With it goes a jacket 
that is also A-line or a longer, more 
classic shape. 

It all looked like a fashion for- 
mula, down to the fabrics — like a 
pale tweed that broke oat in a rash 
of freckles — which looked like 
they were showcasing the Italian 
fabric industry. 

Laura Biagiotti can claim to have 
believed in the bambok u or baby- 
doll dress, before anyone else re- 
launched iL Her easy dresses in 
cashmere with their intricate 
pinched and twisted cables are 
works of art 

Garments made out of fringed 
paisley shawls were all in the pale 
cashmeres that Biagiotti’s husband, 
Gianni Cigna, says are flying out of 
the Moscow store, which opened 
last week. 

MaxMara stuck with upscale 
sportswear — which may not make 
for fashion excitement, bat is what 
Italy does incomparably well Ev- 
erything from brightly colored 
knitwear and argyle socks to bath- 
robe coats far evening had a sporty 
fed. 

If the pinstripe pantsuits and 
Stem, over- th e-knee skirls seemed 
loo masculine for a changing 
world, big coats with fluffy deep- 
pile surfaces had the soft touch. 

In this putative revival of the 
dress, guess what the designers 
themselves were wearing? fo a 
woman, Sander. Mandelli and 
Gennys president, Donatella Gir- 
ombelli, came out in pants. 




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INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 



Page 9 , 




.y «=* 


The most important 

people in the 
Chinese economy 
would like to meet 
the most influential 





world’s multinationals. 


The International Herald Tribune and the State 
Commission for Restructuring the Economic Systems of China 
are inviting the world’s business leaders to an unprecedented 
three-day Summit meeting on China’s economic reform. 

Its aim is to foster a dialogue as well as business 
development opportunities at the highest levels amongst the 
leaders of the Chinese government and the global business 

community. 

The Summit, “The Socialist Market Economy of the 
People’s Republic of China, 1994 - 2000: Implications for 
Global Business” will be held in Beijing on May 11th, 12th and 
13th of this year. 

participating will be the major figures of the 
Government of China as well as key provincial government 
and state industry leaders. It will be a rare opportunity to hear 
and personally meet the people who are driving China’s 
economic direction into the next millennium. 

As you would expect with an event of this stature, it 


will be a closed-door conference and will not be open to the 
general public. 

The International Herald Tribune is inviting a limited 
number of the largest multinational corporations with a stake 
in the future of the Chinese economy to participate as Summit 
Sponsors. There will be 3 levels of sponsorship: Summit, 
Corporate and Supporting. Each will offer a comprehensive 
communications package consisting of conference-related 
benefits and advertising in the International Herald Tribune 
and a leading Chinese-language daily newspaper. The deadline 
for registration is March 15th. 

For a complete information package, please fax 
Mr. Richard McClean, Publisher, at +33 (1) 46372133. Or call 
+33 (1) 46379301. 

The International Herald Tribune China Summit. It will 
prove to be the major business event of 1994 for China, for 
Asia and for the 
companies participating. 


INTERNATIONAL 



nuHm with to mw nu mo and to WAHncrm post 


the international herald tribune china summit. 


T 















WDA 


r* 


Settling Down in Wales 


erhard Turner, 
42, is the soft- 
spoken German 
commercial di- 
rector of Robert Bosch Ltd., a 
German company located in 
South Glamorgan. A typical 
expatriate, he has made a new 
home for himself and his fam- 
ily in Llandaff, Cardiff. 

What were his first impres- 
sions when he moved to 
Wales in the summer of 
1990? 

“It was the friendliness of 
our new neighbors," he says. 
“Within half an hour of our 
arrival, as we were unloading 
furniture, they knocked on our 
door and offered us any help 
that we might want. It was re- 
ally nice, and not quite what 
we expected." 

Now settled in, the Turners 
have been loving every mo- 


TifeWasH 


mem. “One of the biggest sur- 
prises was that we found a 
delicatessen in Cardiff, 
Wally’s, where we can get 
German dark bread and our 
favorite Leberkase . It was 
wonderful." says Mr. 
Turner, who also enthuses 
about die huge number of 
takeaway restaurants. “We 
like the Chinese ones best” 

The T umers had a slight ad- 
vantage over some expatriates 
in that they had a relative al- 
ready living in Cardiff who 
was able to give them plenty 
of local advice. The first pri- 
ority was to find suitable 
schooling for their two chil- 
dren. Ada, now 10, and 
Til man, 9. The Turners first 
found a school, Llandaff 
Cathedral School, and then 
looked for a house nearby. 

When the Turners first ar- 


National Opera 


The ' cultural flagship pf 
Waites die Welsh Ntahmtd 
GperOr which celebrates us 
50i HOpnhensatyin 1996. A 
new- dpera house for the 
WNO mU be bum H 2000 


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world and ■■ ad?.]pss&ttiiat: 


■ any eperoiOtqfi*"' • • 

. The WNOtstke most be*,' 


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■ : WitHfift Ame^ewCsener- . 
dl director .{Matthew A> 

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in Britain as wett a&me &f''' 
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rived, neither child spoke 
English, but they picked it up 
in a matter of weeks. “They 
had to work very hard because 
everything was strange,” says 
Mr. Turner. “And before they 
could learn anything, they 
had, of course, to speak the 
language. But when they are 
young, they soak up every- 
thing like blotting paper." 

The remarkable thing is that 
at the end of the last school 
term, Ada was at the top of 
ber class - in English! A slight 
problem now is that her broth- 
er is having a little difficulty 
with his German. When spo- 
ken to in German, he tends to 
reply in English. “We always 
speak German ar home so that 
the language is never forgot- 
ten,” says Mr. Turner, whose 
wife. Beate, spends at least 
one hour a day giving German 
lessons to the children. She is 
a professional teacher and 
now has a pan-time job at 
Cardiff University's English 
Language Center. 

Shopping is no problem for 
the Turners, who find the 
choice of supermarkets almost 
bewildering. While it is diffi- 
cult to compare prices be- 
cause of the varying exchange 
rates, they feel that food items 
are perhaps slightly more ex- 
pensive, but that shoes and 
clothes are cheaper. 
Electronics and electrical 
goods, however, are consider- 
ably cheaper in Germany. “If 
1 wanted to buy a computer, I 
would buy it in Germany,” 
says Mr. Turner. 

They are impressed by the 
leisure activities, opera, the- 
ater, music and the wonderful 
scenery. “Like other newcom- 
ers, we spent some time at the 
beginning touring around and 



Team Spirit Rules 


Natural beauty, historic sites and sporting thrills are all to be found in Wales. 


seeing the Brecon Beacons, 
the Gower Peninsula and the 
Pembroke coast,” he says, “ft 
is all so beautiful.” The 
Turners also like the informal 
atmosphere of the simple 
pubs. Mr. Turner enjoys the 
bitter beer and cider. 


Hie Turners are on a five- 
year contract. Because they 
would like the children to en- 
ter the German higher educa- 
tion system, they will return 
to their homeland next year. 

Is there anything they do 
not like in Wales? 


“Well, just one thing,” says 
Mr Turner, after reflecting for 
a while. “Hie downside to the 
friendliness and the warm 
welcome of the Welsh is - the 
weather. It is definitely differ- 
ent from what we experience 
in Southern Germany.” 


m 

fS 







% 




TWO GIANTS 



ONE DRAGON. 


or both work and 
leisure. Wales is a 
land of opportuni- 
ty. Its natural 
beauty is complemented by a 
certain softness, which is re- 
flected in the scenery, the 
character of its people and the 
lilting Celtic language- For the 
thousands of expatriates who 
have moved to Wales with the 
companies that have started 
up there, living and working 
in Wales is a new and pleas- 
antly unexpected way of life. 

From the mountains of 
Snowdonia in the north to the 
craggy cliffs and sparkling 
beaches of the Pembroke 
coast and the Gower 
Peninsula, which is washed' 
by the warming Atlantic Gulf 
Stream, Wales offers some- 
thing for everyone. Hiking in 
the hills , mountain climbing, 
sailing, golf and a host of oth- 
er sporting activities are avail- 
able. 

There are vast tracts of 
moor, woodland and valleys, 
much of which are now des- 
ignated as national parks or 
areas of outstanding natural 
beauty. New facilities include 
the Penaith marina and the 
Cardiff Bay project, which 
will turn derelict dock areas 
into marine apartments and a 
marina with leisure and com- 
mercial facilities. 

Perhaps the most popular 
sport in Wales is rugby, a 
game in which the tenm spirit 
that characterizes the Welsh 
comes to the fore. The Welsh 
not only play hard together. 


but also work well as a team. 
This unifying spirit was en- 
gendered by long and often 
dangerous hours spent work- 
ing underground during the 
coal- mining era. The Welsh 
also love to sing, and the voic- 
es of a Welsh male choir can 
rise from the gentlest pianis- 
simo to a forte that rings 
throughout the valleys that are 
the heart and soul of South 

W ale s 

Wales has more than 3,000 
primary and secondary 
schools. The University of 
Wales, which has six con- 
stituent colleges, is the second 
largest in Britain. The major 
towns and cities have excel- 
lent new shopping centers 
with branches of many of the 
leading department stores and 
supermarkets found else- 
where in Britain. 

Cardiff, the capital, is home 
to the Welsh National Opera. 
The city also offers the St. 
David's Concert hall, a major 
entertainment venue, and the 
National Museum of Wales, 
which has a tine collection of 
Impressionist art. 

Wales has thriving local 
communities in the south as 
well as in the north, which is 
close to the Liverpool and 
Manchester conurbations. 
Wherever a company is locat- 
ed. it is never far from the 
freedom and space of the 
countryside. 

The quality of life is one of 
the immeasurable incentives 
for coming to work and live in 
Wales. 


This advertising section was produced in its entirety by the 
supplements division of die Internationa] Herald Tribune's 
advertising department. • It was written by Michael 
Frenchman, a London-based free-lance writer. 




These days the Wish Dragon Is a 
real high flyer since two international 
giants of the aero engineering industry 
chose Wales. 

British Airways has its new 
engineering base at Cardiff Airport 
and recendy General Electric (USA) 
has moved to nearby Nantgarw, 
where they service aircraft engines for 
famous names like CFML Rolls Royce 
and Pratt &. Whitney. 

With more than a little help from 
the Wish Development Agency, both 
companies were not merely able to 
find the right site, but also the right 
people from Wiles’ skilled and flexible 
workforce. 

The WDA has also assisted in the 
development of a local supplier infra- 
structure to ensure vital components 
are always at hand 

To get your business off the 
ground, put the Welsh Advantage to 
your advantage. Call the team at 
Wish Development International on 
+44 222 666862, or write to Welsh 
Development International, Welsh 
Development Agency, Pearl House, 
Greyfriars Road Cardiff CF1 3XX. 



THE WELSH ADVANTAGE 


* ’ .y r. \ ' •. •. '•••'/ A » :/ . ' , ' A '•‘•‘•’•.A’ • .. ‘ * . . ••v*V 7'- ' ' V'V .••Uj.V* Ml.".- ,• „ . , 









I 



INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 



YOl AND THE INTERNATIONAL HERALD TRIBUNE 


1. Where do you usually obtain your copies of the 
International Herald Tribune? 

subscription delivered to your home l~TI„ r 
subscription delivered to your office - personal subscription Q 

- circulated copy [7) 
buy regularly from newsagent / newsstand [7] 
buy occasionally from newsagent / newsstand [7] 
friend or colleague's copy | 71 
airline / hotel copy [7] 

2a. How often do you usually read or look at the IHT? 

5-6 days a week □ 1-2 days a week [7L 

3-4daysaweek Q Less often than once a week [7] 

2b. Where do you usually read or look at the IHT? 

(Please check all that apply) 

At home Q Traveling abroad ["Tina* 

At work [71 Elsewhere |~71 

Traveling to and from work Q 

3a. Does your spouse/partner read your copy of the IHT? 

... Yes. [3 No CL 

3b. And bow many people in tota l, exc luding yourself, 
usually read your copy of the IHT? 

One □ Three Q Five or more □ (151 

Two [7] Four Q No one else [7] 

4. How interested would you b e in r eading a lengthier, 
magazine-type article in the IHT? 

Very interested [7] Quite interested [7] Not very interested Q 


8. In the last 12 months, approximately how many nights 
have you spent in hotels on business? 


None Cq] 8 - 14 [71 
1-7 □ 15-29 □ 


30-49 □ 75 or more 
50-74 Q 


9. In the last 12 months, how many times have you rented a 
car (for business or personal reasons, at home or abroad)? 

Not rented [71 3-6 rentals Q 1 5 rentals or more fTL . 

1 -2rentals □ 7- 14rentals Q 


rapa 

(34|M 


10. Please indicate whether you have done either of the 

following in the past 12 months: 

FOR PERSONAL FOR BUSINESS 
REASONS REASONS 

Flown in a privately chartered aeroplane [7] l~7l 

Used your company’s private aeroplane Q] [7] 

11a. Please indicate whether you own any of the following 
companies' calling cards, excluding pre-paid telephone 
cards. (Please check all that apply) 

AT&T □ MCI □ Sprint Q* 

Other [71 Do not own one l~71t<rsKiPTOQ.i2 

lib. How many times, on your last business trip outside 
your own country, did you use your calling card? 

None □ Twice Q 6-9 times Qs, 

Once [71 3-5 times [7] 10 or more times [71 


ABOUT YOU 



Please indicate which of these 
dimities should benefit from your 
dollar donation: 


Save tfe Qiijdren j yu . .: ■ , ..Red-Cross ' { 
Wbddwide Fund. farh&te [j] r "..Cancer 77 


A U.S. DOLLAR FROM YOU TO A CHARITY 


Thank you forytwr&hopemioii Inl99h Hie IHT Contributed 


12a. Of which country (or countries) are you a citizen? 

(Write in) 


[Z7-38) 

IS4CI 


12b. In which country are you currently resident? ( Write in) 

HU*) 



12c. For how long have you been liviug in your present 
country of residence? 

Less than 6 months [7] 1 - 2 years □ 5- 10 years GU 

6-12 months G 2-5years Q IOor ^ □ 


13. Are you? 


Male □ Female Q*, 


14. What is your age? 

Under 25 □ 35 - 44 □ 55-64 Q 

25 - 34 [7| 45 - 54 [71 65 or over [7| 


147) 


15. What is the highest educational level you attained? 

Doctorate/ i — i University degree/ equivalent 


□ universuy aegree/ equivalent i — i 
professional qualification LaJw 

MBA [71 Secondary or high school [71 


D9 


TRAVEL 


5. Approximately how many business air trips did you 
make in the last 12 months? (Count a round trip as one). 

NoneQ 3-5 Q 10-19 □ 35+ 

1 - 2^2 6-9 Q 20 - 34 □ if none »*^kiptoqs 


6. To which of the following destinations did you fly on 
business in the last 12 months? 

EUROPE THE AMERICAS 

LuSi GW USA GW Indonesia GL 

' France [7 Canada Q China LzJ 

Germany [7 Latin America [73 
Italy [7 
Spain |~7 

Switzerland fT 

Netherlands f~7 

Scandinavia / ( 

Finland I— & 

British Isles [7 

Russia Q m 

Other Eastern | 

European Countnes L2J 


asia/pacific 
Hong Kong [71 
Singapore [7] 
Japan Q 
Taiwan Q 
Thailand [71 
Malaysia [71 


Australia 171 
New Zealand [71 
Other Asia/Pacific 171 

MIDDLE EAST |~71 

AFRICA □ 
ELSEWHERE Q 


7a. For business trips, which class of air travel do you 
usually use? SHOKTU haul trips long-haul trips 

(Up to four hours) (Over four hours) 

First Class [7L CL 

Business Class Q LJ 

Economy Q D 

No such trips D Lil 

7b. Do you belong to an airline’s executive/frequent 
flier club? Yes □ N ° □ 

7c. If yes, which one(s) do you mainly use? 

(Please write in) 


( 24 ) 


3. 


16. Into which of the following groups does your pre-tax 
annual household income from all sources fall? 

(Check in USS or write in your own currency) 

Up to US $50,000 G $150,000 to $199,999 GU 

$50,000 to $74,999 Q $200,000 to $249,999 G 

$75,000 to $99,999 G $250,000 to $499,999 Q 

$100,000 to $149,999 □ $500,000 ormore □ 

Or annual income in own currency (write in) 


YOUR OCCUPATION 


20. Are you...? 

Working full-time Q Student Q Not in a paid occupation [7L 

Working part-time Q Retired Q Other [71 

If you are not working Jull-time or part-time, please skip to bottom of page. 

21. What is the principal activity of the organisation for 

which you work? Education |~7L, 

Primaiy/Public Utilities [71 157, Legal [71 

Manufacturing/Engineering [7] Medical [71 

Wholesale/Retail [7] . , Government/ [— | 

Financial Services □ other ^ ^ Q 

Other Business Services |_J 


22. What is your job status? 

Proprietor/Partner fTlisa 
Chairman/ 1 — 1 
Chief Executive/President 1— 
Director/ j-j 


Legal Practitioner [7L 

Medical Practitioner [7] 

Scientist/Researcher/ 1 1 
Technologist j— 
Academic | 71 


Manager 

Other Senior Management [7] Teacher [71 

Middle Management Q Sen i°r Govemment^pffio^/ Q 

Executive Q Other (Please gve details) Q 

Self Employed/ | 1 
Independent Consultant L-u 

23. For which, if any, of the goods and services listed below 
are you wholly or partly responsible for company decisions 
to purchase or lease, or to appoint or change a supplier? 

(Please check as many as apply) 

COMPUTERS/SOFTWARE 

Network Systems [7] Corporate Financial Services fTlnnw 
PCs/Desktop Computers/WPs Q Fund Management |~7I 

Laptop Computers [71 Foreign Exchange [71 

Computer Peripherals [7] Insurance Services fTI 

Software/Software Services Q Company Credit Cards [71 

TELECOMMUNICATIONS 
Facsimile Equipment | J 


Telecommunications 1 — 1 
Systems or Equipment l— d 


BUSINESS SERVICES 

Legal Services [71 
Management Consultancy 1 — 1 
Services 

Executive Recruitment Q 
Management Training Courses G 
Company Aircraft Q Company Travel U 

Company Vehicles Q Conferences/Exhibitions |_J 

Plant and Equipment Q PR/Marketing/ [— ) 

Scientific Instruments [71 Advertising/Market Research 

Raw Materials Q Courier/Freight Services Q 


Business Premises/ 
Industrial Site Selection 


Q 


17a. How many cars are there in your household, 
including any company cars? 

No car [71 One [7] Two [7] Three ormore 


17b. What do you estimate to be the current cost of your 
main car, if purchased new (to the same specification)? 


Under US $15,000 □ 
$15,000 to under $25,000 [71 
$25,000 to under $40,000 Q 


$40,000 to under $75,000 Q 
$75,000 or more [71 


18. Which, if any, of these cards do you use? 

( Please check as many as apply) 

Access/Eurocard/Mastercard (Gold) [71 Diners Club ITLai 

Access/E urocard/Mastercard [7] Visa Gold/Premier fTI 

American Express Gold/Platinura [71 Visa/Carte Bleue [7] 
American Express Green [7] None of these [7] 

19a. Which, if any, of the following types of investment do 
you or members of your household have? 

Stocks and Shares [7]— Life Assurance Policies 


l ra* 


Bonds Q 

Government Securities ["71 

Investment funds (including 1 1 
Mutual Funds/Unit Trusts ) U-* 

Private Pension Plans [71 


□ 


Derivative Products 

Gold/Precious Metals 

Real Estate (excluding 1 — 1 
main residence) LaJ 
Collectibles (art, antiques, 1 — 1 
coins, stamps, etc.) LiJ 

Other [7] 


19b. What is the approximate total value of the above and 
any other investments (excluding your main home) 
owned by you and members of your household (in US $)? 

Under US $50,000 Q $500,000 to under $ 1 million Qa 
$50,000 to under $100,000 Q $1 million to under $5 million Q 
$100,000 to under $250,000 □ US $5 million or more Q 
$250,000 to under $500,000 Q 


FINANCIAL SERVICES 

Domestic Banking 171 
International Banking [71 


Information Services [Til 
Data Management |71 

None of these Q 


24. Does your company operate outside the country in 
which you are currently based? Yes [7] No Q 

25. How many people does your company employ . . . 


a) in your country 
of residence? 

Under 10 

10-49 

50-249 

250-999 

1000-4999 

5000+ 

Q 

Q 

□ 

Q 

Q 

Q 

b) worldwide? 

Q 

Q 

□ 

Q 

Q 

Q|57) 


26a. Which of the following international activities do you 
carry out in the course of your work? 

I purchase goods/services from 1 1 _ I manage the company 1 1 
suppliers in other countries ' — lI finances at an international level I — aJ 

I influence strategic decisions 1 “P** 1 G 

about toe company's n mtemationally ^ 

international operations l— a None of these [7] 

26b. In which of the following countries/regions are you 
involved in the course of your work? Africa Q 

Western Europe fTL, Japan [71 

Other Europe [7| South East Asia [71 

USA /Canada [71 Other Asia | 71 

Latin America Q Australia/New Zealand [71 
Middle East Q 






None of these [71 








1 ! - 




J.4386 











FOLD IN SEQUENCE 

First fold to Fourth fold. 

Then tuck Flap B into Flap A 


INTERNATIONAL HF.BAT.ll TRIBUNE 


THIRD FOLD 


c 



w pq m b a a 

0 C a § a ^ 

« Si 


a p 


0 B 0 

® Q 3 

§Q 


H g 
H 


III 



T 'HE International Herald 
Tribune has donated around 
$65,000 to charity, on behalf 
of our readers, in connection 
with periodic reader studies 
like this one. 

P LEASE help us continue 
this important program by 
completing and forwarding 
the questionnaire on the 
reverse side of this sheet. 

Our warmest thanks for 
your help. 




□ Q 
















i 


International Herald Tribune , Wednesday , March 2, 1994 


Page 11 


tribune 




Herald 
ted around 
m behalf 
fmection 
• studies 


ontmue 
oeram bv 

w - 

vardina 
i the 
;heet. 
nks for 



THE TRIB INDEX: 114 42 i 

iSSSSSssaisS 

120 — — — — — — 


■4nkA:<i:U : 'c..r A 


; t’lp'-'V-*.' . V >: 

' := •:>• •.•••: ar .V . - ’ 1 •• 


o N 

1993 

D 

J F 

M 

19S4 

Asia/Pacific 


Europe 

■■H 

Appcox. iwigfrtfng: 32% 

Close: 13327 Prev.: 13351 
150 — 

FHB?I 

Approx, weighting: 37% 

Ctose: liaii Prev. 11403 



Samsung, 
NEC Join 
To Make 
New Chip 

By Andrew Pollack 

Afar y«A 7bm Service 

TOKYO — In a coupling of the 
largest semiconductor companies 
in Japan and South Korea, NEC 
Corp. and Samsung Electronics 
CO. said Tuesday they would coop- 
erate in developing an advanced 
memory chip. 

The alliance is the latest example 
of cross-border collaborations mat 
are sweeping the semktmductor in- 
dustry, driven by the idea that the 
design and manufacture of ad- 
vanced chips is becoming too expen- 
sive for any single company to bear. 

The collaboration also signifies 


Bank of Japan 
Wary on Economy 

It Sees No Sign of Recovery 
In Business Sentiment Poll 


European Stock Markets 
Drop on U.S. Mate Fears 



loo 

90 ■ ;.r 

O N D J 
1993 

F M 
1994 

O N D J F 
1993 

-rrr 

M 

1994 

North America 


Latin America 


Approx, weighting: 26% 
Close D5 jB 9 Prev.: 96.16 


Approx weighting: 5% R 

Close: 133S9 Prev.: 137.01 | 

m 





ONDJFM ONDJFM 
„ 1M3 1984 1993 1994 ' 

Wcdd Index 

The Index tracks U.S. dollar values at stacks sk Tokyo, Now Yoric. London, and 
Argentina. Australia, Austria, Belgium, Brazil, Canada, Cilia, Denmark, Finland, 
Franca, Germany, Hong Kong, daily, Iteodra. Notharianda, flaw Zealand, Norway, 
Singapore, Spain, S weden. Switzerland and Venezuela. For Tokyo. New York and 
London, tfw Index b composed ot the 20 top issues to (anna at market capitaBzaOon. 
othemise the tan top stocka am tracked. 


Industrial Sectors 


Enefgr 111.52 112/5 -033 Capital Goods 112-94 113.42 -0.42 

mWes 125.77 126.01 -0.19 RwIMBlab 11&B1 12024 -1.19 

France 119.94 121.37 -1.18 Consumer Goods 99,52 10032 -OJO 

Sennces 122,565 124.01 -1.17 Wece—oas 129-28 13122 -1,48 

For mom Informa t ion about the Index, 9 booldet is avaSabta free of charge. 

Write to Trib Index, 181 Avenue Charles de GauKe, 92521 NeuSy Cedax, France. 

O WemaHonal Herald Tribune 


in the memory-chip market, which 
has long been dominated by Japa- 
nese companies, 

NEC and Samsung win cooper- 
ate in designing technology needed 
for a 256-megabit dynamic random 
access memory, or D-RAM. The 
chip is expected to reach the mar- 
ket near the end of the decade. 
Such a chip could store more than 
256 milli on bits Of info rmati on, 
roughly equivalent to 10,000 type- 
written pages and 16 times as much 
as the 16-million bit D-RAMs now 
available: 

Last year, Samsung became the 
world’s largest D-RAM produce, 
while two other Korean companies, 
Gold Star Co. and Hyundai Corp., 
also made impressive gains. Largely 
because of the rise of Korean com- 
panies, Japan’s share of the D-RAM 
market fell from 65 percent in 1988 
to 49 percent in 1993, according to 
Daiaqnest Ino, the market-research 
company based in San Jose, Califor- 
nia. 

NEC said it and Samsung would 
Start their joint project by exchang- 
ing inf carnation and ideas about the 

tor tEat wc^dte^k^oonr^^t 
of a 256-megabit chip. 

NEC, the second-largest chip pro- 
ducer in the wodd afro - the CahfoF 
rria-based Intel Corp., is already co- 
operating with Amaican Telephone 
& Telegraph Co. on manufacturing 
processes for future drips. 


By Steven BruB 

Inzemortonal Herald Tribune 

TOKYO — After having re- 
peatedly called a premature end 
to Japan's stubborn recession, 
the Bank of Japan said Tuesday 
that it saw no dear signs of 
recovery despite a survey show- 
ing business sentiment had 
stopped deteriorating. 

“We have seen Neither con- 
crete evidence for a recovery, 
nor jMshive proof of the bot- 
toming out of the deterioration 
of business sentiment," said 
Kagdnde Kaku, head of the 
central bank's research depart- 
ment “It remains difficult to 
specify the timing of a prospec- 
tive economic recovery, with a 
battle continuing between posi- 
tive and negative factors." 

The cautious assessment, 
which was echoed try Finance 
Minister Hiroshi Fujii, con- 
trasts with a recent series of 
positive economic indicators, 
including Tuesday’s unexpect- 
ed announ cement ihar the un- 
employment rate in January 
had fallen to 2.7 percent from 
2.8 percent in December. 

Having consistently underes- 
timated the persistence of what 
has become Japan's longest 
postwar recession, and made in- 
adequate policy responses as a 
result, financial authorities arc 
wary of putting too positive a 
spin on the data. The cautious 
outlook also underscores recog- 
nition of the frailty of the Japa- 
nese economy, which remains 
vulnerable to setback should 
the yen rise or trade friction 
increase. 

“The economy is in a bottom- 
ing phase, but basically it is very 
fragile;" Kenneth Courtis, chief 
economist at Deutsche Bank 
Group in Tokyo, told Reuters. 
“Anything could go wrong." 

Economists said the central 
book probably would keep in- 
terest rates low. But a reduction 


MEDIA MARKETS 


U.S.-French Culture Cash 


By Richard Covington 

Special to the Herald Tribune 

PARIS — While American and French film- 
makers fume at one another over trade restrictions, 
their counterparts in the business at visual com- 
pact disks and video games are quietly forging 
allianc es ffra( combine U.S. cash and know-how 
with French cultural advantages. 

The multimedia aim oS the French publishing 
and tdecamnumications conglomerate Matra-Ha- 
cbettc SA recently announced a partnership with 
Voyager Co., one of the leading visual CD devel- 
opers in the United States. Voyager has set up a 
production center in Matra-Hachette’s corporate 
headquarters on the ootririrts of Paris and plans to 
produce three titles this year, according to Aleen 
S tem, chief of the Voyage operation. The joint 
venture will represent $1 million of Matra-Ha- 
chette’s total jmtniat investment of about S10 nril- 
Hon in multimedia. 

“Paris and London are absolutely among the 
world centers for multimedia production,” Mrs. 
Stein said. “The French are knowledgeable and 
anxious to create new media, and we’re here to 
take advantage of the incredible cultural tradition 
Europe offers. It would be terribly presunrotuous 
tot an American company to plunge in and try to 
produce new media without having a European 
connection." ... , r 

With its far-flung distribution network lor 
books and ma g^wrines, Matra-Hacfaette will offer 
the U.S. company more exposure in the European 
marker. Matra-Hacbette — which publishes Hie, 

FTk Deco, Woman’s Day, Car and Dnver, and the 
French editions of Parents and Premifcre —plans 
visual CDs drawn from its magazine holdings. 

“We can help Voyager create any title they 
want,” said Dominique Lempereur, editoria l direc- 
tor of Matra-Hacbette Multimedia, “and m return, 
they xem 5 hare their savoir Zaire with us. 

Apple Computer Inc. another major multimedia 


player taking advantage of French expertise. 
Charming Lab SA, the latest of the dozen local 
developers Apple is sponsoring, has just launched 
a visual CD oa Veronese’s The Wedding at 
Cana,” which hangs in the Louvre. OVP SA, an- 
other Paris-based multimedia concern supported 
by Apple, is devising a pharmaceutical reference 
encyclopedia on visual CD. 

These sorts of products that are based on 
French culture or French medicine, for instance, 
would be vary difficult for American developers to 
produce," said Jean-Eric Gamier, man a g e r for 
new media for Apple France. 

For the past two yean. International Business 
Machines Carp, funded another trans-Atlantic 
multimedia venture, putting np SI million in deveT 
op merit costs for an ambitious visual CD package 
<t pflnmng European culture. It is being produced 
by Icononrics France. 

Through IBM's various European offices, we 
wane able to set up bridgeheads, and establish 
contacts with local government o fficia ls.” said 
Titus Leber, president of Icononrics. Faced with 
staff cutbacks and large corporate losses, however, 
IBM suspended its sponsorship of the project in 
December, and Mr. Leber is casting about for 
continuing support. Another project, a 24- minute 
interactive compact disk called The Great Lou- 
vre” drummed up $5 milli on in contributions from 
French and Japanese backers, led by the Tokyo- 
based Beta System Ltd. 

Euro-CD, another French multimedia distribu- 
tor, has joined forces with E-Book Inc^ a new 
media devekper based in Union City, California, 
and Montparnasse Multimedia of Paris to produce 
titles on D-day, jazz legends and birth. 

“The advantage for a title like D-Day, for in- 
stance, is that we can draw on archival dements 
from both the U.S. and France," said Christian 
DeLecourt, president of Euro-CD, “and we can 
See GAMES, Page 18 


Groups Bull 
Subsidy Held 
As Ell Asked 


Reuters 

PARIS — France will wait for 
European Commission approval 
before releasing the final install- 
ment of a 2-5-btllion-fraiic ($429 
million) government rescue pack- 
age far GroupeBuH, an EU official 
said Tuesday. 

The cammissioD k w been an- 
gered by the huge sums France has 
been paying to the unprofitable 
computer maker without EU ap- 
proval It asked France in January 
to suspend the payment and that 


EU approval. 

Karel Van Miert, the EU compe- 
tition c ommissi oner, said the com- 
mission would receive a detailed 
plan for Bull's restructuring in the 
next few days. 

After a meeting with Prime Min- 
ister Edouard Balladur, Mr. Van 
Miert said the commission's inqui- 
ry into the rescue plan would not 
rake more than six months. 

Mr. Van Miert pointed out that 
France was trying to privatize Bull 
and needed to make it a viable enter- 
prise before that could happen. 

The Commission, angered by 
France paying huge sums to Bull 
without EU approval, asked 
France in January to suspend the 

final payment 


To subscribe in Franco 


just aJf, tofl Foe, 

05 437 437 


CURRENCY & INTEREST RATES 


Crow Rates 

S I DM- F-F- LI 
Aotfartom IH MB JLB8 A? “ 

Brawls Ml M ? 

Frankfurt MB jt 

Latxtom Col last — — 

ih m la* wot w# sun t 

Itton lift a MMB ■** *2 ^ 

New York CM USS“ *** fv 

Hub W7I “* ** B 

Tokyo WX IB* *■ J 

Tomato USB MM *f 

Zvkfc U» 107 Mill M* 0 u 

1 ECU US 9XB JJJ JJ 

ltDR UBS 8JHS 1** fcU5S W 

CtasftKH in AmOerdcim.LaniiBn.Naw York 

rate* of 3 sun. 

o: To buy one pound; ft; To buy one donor 
available. 

OUwr Dollar VajuM Hl 

Oxrwcy Per* 

Araont. *ft*o WOT Houg Koegt 77377 

AostroLS 1.407 foriof 10173 

Anfr.sctfL 11*5 JSainn*. JIJ2 

BratKcrto. <3455 JIMP* 

1 U7R! IIWO fUP,t * 1 


March! 

pc Lira DJI ILF- SJF. Ytm O M 

£ wS U» I-®’ L®* 

JSs unt-iLua — 

»-r« *ir» QMS IS* US7 1 JBS! 1311 1J2R* 

2W» aw ira* mo um 

5 SJ w- nm uw inwKMo — 

zll ^ OUBUU 1UI1AUS an 

SSuom Mis *17 ura LW 

_ ms* m 4»» S an* 4» 

so U MW 7M 77J1 0UU 

jSS am- «w awt* im w; — 

a*n mb* «« ***’ — **■ tM3t w 

xem 1SBU 1IW 3777B U» LSW UUH 

/tow York and Zurich. Hxlnat w «w»«r antan: Toronto 

, w aotior; UW» ^ quMd; * A; m 


Eurocurrency Iteposlts 


Swiss French 

Dollar D-Mark Franc Sterflns Franc Yen ECU 

1 month 3Mn, 6-M 4VWWi 5 MS * Ofr-0* 2 v~t r» 

3 months 31WH. 5VWSVta SMH 6VvA«W Tk-7Vt 6Ui-4% 

i months 5WW 3MK. SMK 5?WVh WtJOk 6 

1 war 4 Mr4Mi 5Mr5Vt J¥*4 SM 5 5tW 

Sources: ftnderx Uayds Bonk 

Rtriet n/adka b b to Meritor* deoatlborsi mlltlon mbnmum (oreoufvatentX 


Key Honey Rates 


ChfaMMVBMI M7B3 
CKfekartna S9J7 
Danish krone U£K 


bffllllMl- MW* 


MK9W 

ILZealaadS 

Warw.lrtae 

PM.PW 

POUtoMr 

Port-Hcndo 

RnsanM* 

SfluirW 

SSI 0 .S 


CuTHKY Per* 

S. Air. rand 14495 
S.Kor.«m a»M D 
SwMLkrana 7S7M 
Taiwan * 2kM 
TwUboW 25 at 
TwWshlfta IKSS. 
UAEtOrfewn 347 

Wam.B 0 llv. 11145 


DaaUhkroae urn 0^975 srnrnrnm — 

SWPtPOW* 2“" M225 SWL* m 

Fla. markka SSM * l * w ' n * 

HnrnmtUMs ^ --- ‘SS’SK 

w -» as “ — 

lSfl ]jan Banco Commerdafe Ikdlono 


Uajtgtf State 


3 U BflTh CDS 115 

Comm, rawr IN flays 17S 

haaatkTTeawybBI 148 

1 - yaarTroasarybUI 195 

2- year Ttoasonr not* 4J0 

5-yoor Tremanr note 574 

7-rear Treasanr ooto SSi 

lMear Treeanry note 128 

30-rear Treasury boon 63t 

Mann Lyedi3May Ready asset 2J5 


Dtacoaatrata TV 1M 

Qfll rntr 2M 2.15 

t-moatn totertiaak 240 » 

3 -month iBterhaak VU 2U 

t^nonth n rto rtm n 210 m, 

It-year Cweramcnt hood HP 354 

Oarmany 

Loavbart rate at trk 

call money 4U iflfl 

tmoath um raaafc 4-TO 4.15 

3-mooth IntertHmk 550 &00 

Amflalk Mwlnnk 5J0 5J0 

UHrearBsafl 6.16 UP 


Coll money 
v-moaffh latariamK 


516 5V> 

5V0 500 

5*0 510 

5*0 5*0 

t-month nim tpnfc 5to 5*0 

lflwarom 709 592 

Ftraa? 

l«terveotk» rate 510 410 

CaU money m 

iWH^ertamk ^ % 

s-moalti Interhaak en 

4-moath Intcrhonk f*; f* 

UhyaarOAT 527 513 

Sources; neuters. Bloomberg. Merrill 
Lynch, Bank of Tokyo, CatrunarxPartte, 
G n mrwe n /Aontoou. Credit LranrvkL. 

QoM 

AM. PM. Chtte 

Zurich iva 38240 +060 

Loaflon 8 BI.W 381 JO 

Hew York 38140 37940 -110 

US. dotton POT Ounce. LondoaoHIcMBx- 

km; Zurich and New Yorkoaertins and ck*- 

(np price*; New York Comax (Mtrtll 
Source; Renton. 


in the discount rate is unlikely 
unless the yen surged or the 
stock market entered a tailspin. 
The discount rate, the rate the 
central bank chaiges on loans 
to commercial banks, is already 
at a record low 1.75 percent 

According to the Bank of Ja- 
pan’s tankm quarterly survey, 
business sentiment at major 
manufacturers in February re- 
mained at minus 56, the same 
level as last November and an 
18-year low. Sentiment among 
CTnnll manufacturers, however, 
worsened in February from No- 
vember, although it improved 
marginally for nonmantuactur- 
inecompanies. 

The gangc of business senti- 
ment, known as the diffusion 
index, compares the percentage 
of companies expecting business 
to improve with those expecting 
h to deteriorate. The survey was 
conducted on Feb. 10, before the 
failure erf the talks between 
Rime Minister Morihiro Ho- 
sokawa and President Bill Clin- 
ton, which precipitated the yen's 
surge in mid-February. 

The survey had little impact 
on the Tokyo stock market, 
where the Nikkei index rose 
219.42 points, or 1 percent, to 
20,216.62. due largely to buying 
by foreign investors. 

The tflnkwn also showed ma- 
jor corporations planned to cut 
spending on plant and equip- 
ment by 92 percent in the fiscal 
year ending this month, down 
from a 7.5 percent fall seen in 
November. 

The brightest news Tuesday 
was the surprising lowering erf 
the jobless rate to 2.7 percent in 
January from 2.8 percent in De- 
cember. The ratio of job offers 
to job seekers also finned to 
0.67 in January from 0.65 in 
December. 

Economists had predicted a 
slight worsening of both mea- 
sures due to corporate downsiz- 
ing. 


Compiled hi Our Staff From Dupaidvs 

LONDON — Most European 
stock markets tumbled Tuesday, led 

is Bourse/a?^ U JiecOTomc data 
renewed expectations that Ameri- 
can interest rates would rise soon. 

An upward revision in U.S. 
fourth-quarter gross domestic 
product to show the strongest econ- 
omy in a decade and inflationary 
signs in a national purchasing man- 
agers’ report spurred sentiment 
that the Federal Reserve Board 
would move soon to lift short-term 
rates as a strike against inflation. 

“I would bet my bottom dollar 
there will be a Federal Reserve 
tightening sooner rather than lat- 
er,” one analyst said. 

The outlook for a rise U.S. rates 
pulled down European and U.S. 
bond prices, which also spurred 
selling of stocks. 

Rismg interest rates have a direct 
effect on the hood market, pushing 
prices lower and thus boosting 
yields. Stock prices also can be hurt 
by rising rates, which raise borrow- 
ing costs for companies and also 
increase the allure of credit-market 
investments. 

The mood in European credit 
markets was further dampened by 
concerns of oversupply and disap- 


pointment about the results of the 
Bundesbank's securities repurchase 
auction. The Bundesbank’s mini- 
mum repurchase rate slipped 3 ba- 
sis points, 10 5.97 percent, not as 
much os many investors were hop- 
ing for. 

Losses in Asian markets also con- 


f I would bet my 
bottom dollar there 
will be a Federal 
Reserve tightening 
sooner rather 
than later/ 

A London stock market 
analyst. 


tributed to bearish sentiment on Eu- 
ropean exchanges, traders said. 

The European component of the 
International Herald Tribune 
World Stock Index fell 1.68 per- 
cent. to 1 12.10. 

On the Paris Bourse, the CAC-40 
Index lost 54.94 points, f alling to 
2,183.12. “There’s a shift in the 
consensus on the interest rates, and 


it’s not a panic or anything, but the 
outlook is a lot less bright than 
everybody thought a few weeks 
ago, said Simon Clack, a trader at 
the Paris brokerage Oddo. 

Defense stocks fdl across the 
board, with Thomson-CSF losing 
115 francs, or 6 percent, to 186. 
Serge Dassault, president of the 
French defense and aerospace trade 
group, said orders for the defense 
and aerospace industry had slid 
about 20 percent is 19&. Dassault 
Aviation fdl 3 francs to 571 

In Britain, the Financial Times- 
Stock Exchange 100 index lost 1.73 
percent, dosing at 3,270.60, down 
5750 points. Pressure on the index 
also stemmed from profit-taking 
after gains on Monday. 

Bade stocks were particularly 
weak, with Abbey National shed- 
ding nine pence, to end at 496 de- 
spite reporting a 25-percent jump in 
annual pretax profit. Barclays fell 22 
pence to 536 before it releases its 
annual earnings next week, while 
HSBC Holdings PLC lost 77 to 868 
in reaction a 15-percent market 
drop in Hong Kon& 

Euro Disney shed 12 pence 10 
end at 378 as discussions continued 
with banks on restructuring its big 
debt load. 

(Reuters, AFP. Knight-Ridder) 


German Repo Rate Falls Below 6% 


FRANKFURT — The Bundes- 
bank on Tuesday allowed a fall in a 
key money-market interest rate it 
has held steady since early Decem- 
ber, taking the borrowing rate be- 
low 6 percent for the first time in 
five years. 

The central bank said its securi- 
ties repurchase rate fell to a mini- 
mum 5.97 percent this week The 
repo rate sets the tone for other 
short-term money market rates. 

Analysts said the s mall cut was 
hkdy to be backed up by further 
steps in coming weeks. This would 
in turn pave the way for a further 
reduction in the discount rate, now 
515 percent, in the second quarter. 

“Further cuts are generally ex- 
pected. It is only a question of 
time,” said Wolfgang Leoni, chief 


economist at Bank in Liech tenstein 
in Frankfurt 

Despite the general expectation 
on Monday that the repo rate fall 
would only be modest financial 
market investors were disappoint- 
ed that it was not more marked. 
Bond prices slipped on the news 
and shares also weakened. 

“It was a disappointment for the 
markets, they had hoped for more," 
Mr. Leoni said. 

Distortions to M-3 money sup- 
ply growth data, which meant that 
M-3 gave no firm guidance for 
monetary policy decisions, coupled 
with a slowdown in inflation in 
Western Germany, are hkdy to 


ther easing that would help the 
economy recover from recession, 
analysts said. 

Cost-of-Hving data released on 
Tuesday showed annual inflation 


decreased to 3 J percent in Febru- 
ary from 3.5 percent. 

Although M-3 figures due this 
week are expected to show a growth 
figure of up to 15 percent, the 
Bundesbank has made clear in ad- 
vance that this is partly due to 
distortions. 

“1 do not think the high M-3 
growth is going to stay the Bundes- 
bank’s band at the moment as it 
holds little in the way of inflation 
problems," said Armin Kayser at 
Swiss Bank Corp. 

“The Bundesbank can be confi- 
dent of slowing inflation for the 
next year," he added. 

A cut in the repo rate had been 
expected since Feb. 17, when the 
centra] bank said h was reducing its 
discount rate, the rate it chaiges 
commercial banks, by half a per- 
centage point to 525 percent 


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trusted advisors helped 
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banking is more about people 
than numbers. It’s about the 
shared values and common goals 
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Page 12 

MARKET DIARY 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 


U-S./AT THE CLOSE 


Strong U.S. Data 
Support the Dollar 


Vki Associated tan 


Compiled fry Our Staff From Dispatches 

NEW YORK — The dollar 
gained against European curren- 
cies Tuesday as strong economic 
data made it seem likely that the 
Federal Reserve Board would raise 
short-term interest rates. 

An upward revision in fourth- 
quarter US. gross domestic prod- 
uct and inflation signals in the Na- 

F oreign Exchange 

tional Association of Purchasing 
Management’s report for February 
fanned ideas that the Fed would 
nudge rates higher soon. With the 
economy apparently growing at a 
healthy pace, the central bank's at- 
tention was seen turning to the. 
Tight against inflation. 

“Finally, after two months of 
looking at fun damenta ls, thinking 
the dollar should go higher, it Anal- 
ly happened,” said Hugh Walsh, 
analyst with ING Capital Markets. 

But dollar gains were limited be- 
cause a Fed move to add cash to the 
banking system was seen by some 
traders as a signal the central bank 
might hold off on interest rate ad- 
justments for now. The Fed’s move 
spurred some unwinding of specu- 
lative long positions but little fresh 
selling, dealers said. 


MARKETS: Focus on Inflation 


Continued from Page I 

analyst at Fuji Securities. The yield 
on the beni ±mar k 30-year Trea- 
sury’ bond is now a bout a half-point 
above where it was on Feb. 4, when 
the Fed signaled a rise in short- 
term rates in hopes of reassuring 
long-term investors that it was 
moving ahead of the curve on infla- 
tion. 

■ Stocks Plunge on Data 

The Dow's tumble was echoed in 
the broader market, with losers 
outnumbering gainers by a 2- to- 1 
ratio on the New York Stock Ex- 
change, news agencies reported. 
The S & P 500 fell to the lowest 
level since mid-December, closing 
down 1.38 points, at 469.96. 

The Nasdaq over-the-counter in- 
dex also lost ground, ending down 
3.86 points,at 788.64. 

“The decline is pretty much 
across the board,” said Phil Orlan- 
do, equity portfolio mannggr at 

First Capital Advisers. “U’s a 
share-the-pain day. If you’ve got a 
stock, it’s probably down." 

Stocks tracked slitting Treasury 
bond prices amid fresh fears erf 
higher inflation that could cause 
the Federal Reserve Board to raise 
interest rates. 

Shares of international ail, tele- 
phone and electric utility stocks 
were among the weakest stock 
groups. These stocks lend to fall 
when interest rates rise because 


their above-average dividends are 
less attractive to investors when 
competing with higher rates. 

Telefonos de Mexico was the 
most-active issue, falling 1*4 to 
65%, reflecting the utility weakness 
and a fall in the Mexican market. 
Among U.S. phone companies. Bell 
Atlantic fell 1 'A to 53%. 

Public Service Enterprise class J 
preferred stock was second on the 
actives list, up % at 99%, after Duff 
& Phelps affirmed the company’s 
credit ratings. Its common stock, 
however, fell % to 29%. 

Philip Morris was the third - 
most-actively traded stock on the 
Big Board, falling % to 55%. Tobac- 
co issues are sml reeling from a 
government agency’s suggestion 
Monday that cigarettes may fall 
into a category of drugs whose sale 
could be restricted RJR Nabisco 
also was actively traded, but it end- 
ed unchanged at 6%. 

Digital Equipment jumped 2% to 
31% in active trading after an ana- 
lyst at Salomon Brothers raised his 
investment rating on the stock. 

MCI Communications topped 
the most-active list at the American 
Stock Exchange, losing % to 26% a 
day after it anno unced plans to 
invest SI J billion for a 17 percent 
stake in N ex tel Communications 
Inc. to gain a foothold in the bur- 
geoning wireless telecommunica- 
tions market. Nextel rose % to 44%. 

(Bloomberg, AP, Knight-Ridder) 


A Bundesbank easing move, in 
which the German central bank al- 
lowed its securities repurchase rate 
to fall below 6 percent for the first 
time in five years, was considered 
modest and was less than some 
dealers had been expecting. 

Nonetheless, it allowed the dollar 
to daw to 1 .7095 DM by the dose in 
New York from 1.7042 Monday. 

The dollar edged up to 5.8185 
French francs from 5.7905 Monday, 
and to 1.6385 Swiss francs from 
1.4259. The pound, however, rose to 
$1.4895 from $1.4855 Monday. 

The dollar was near steady 
against the Japanese currency, end- 
ing in New York at 104550, com- 
pared with 104.585 Monday. 

The dollar has been struggling 
against the yen because of persis- 
tent hints that the U.S. government 
is endorsing a stronger yen to battle 
Japan's large trade surplus. 

U.S. Trade Representative 
Mickey Kan tor said Tuesday that 
he saw no risk of Japan pulling out 
of U.S. money markets because of 
the trade friction. 

Mr. Kantor told a Senate com- 
mittee that the administration 
would act “on a reasonable basis” 
in tackling its trade dispute with 
Japan. 

(AFX, Knighi-Ridder, Bloomberg) 


VA • vivSy.;.,. a* ft 

■•limit* % . /-vi ■■■wc.. v“v d 

• v 35Sfc , :: t -.:- -Xu J>' 

.&.• -j: ' 

i'. j. v : • V 

■ri/„^, A ^ ' '>s/ . a.ax.. 

****"■ 


NYSE Most Actives 


Dow Jones Averag es 


Indus 382853 3836*8 378615 3809.33 — E279 
TT0R5 176408 176473 174024 17403—1168 
Util 71006 2107? 20408 20940 —105 
Comp 138007 1 38106 134448 137173 — 085 

Standard A Poor's Indues 


EUROPEAN FUTURES 


Chtt High Low Pr«v,CI«tt 


COCOA (LCE) 

Starting per metric tm«i of W Km 


Industrials 

Tramp. 

Utilities 

Fin are* 

5P5Q0 

SPOT 


HU Low 

547.13 541.14 
424.16 <1872 
16254 l«fcn 
4191 43L2B 
46743 46203 
43418 <29.45 


emu am 

543.93-27* 
42142 — 403 
1617B — 0L7B 
4343-048 
44444 — 27D 
■4J1JT-M5 


Mar 

895 

898 

898 

082 

885 

Mn 

916 

917 

917 

905 

909 

Jut 

927 

no 

928 

918 

922 

5«> 

940 

Ml 

939 

930 

934 


NYSE Indexes 


TefMax 

psegpij 

PtdMr 

Dtghcri 

Merck 

A T&T 

Tandem 

RJR Nab 

Kcvcp 

GnAAalr 

IBM 
AmExD 
BanfcAm 
WalMrJs 
Travdr j 


VOL HM 
*7% 
9V% 
56 Vi 
31% 
3244 
52% 
14% 
7 

38% 
58% 
53% 
79V, 
43% 
28% 
37% 


LOW Lost 
6S 65% 
97% 77% 

54% 55% 

m 3i% 

31% 32 

52% 52-'. 

U% 14% 
6% 6% 
36 1 A 37% 
57% 5BW 
52% 53% 

28% 28% 
41% 47% 

77% 28 

35% 35% 


NASDAQ Most Actives 


Mas 

Ms 

5eceate 

Quantum 

NartMc 

bitoSan 

AST 

NartotCm 

Quotcms 

Nouefli 

TetCmA 

OeHCptr 

SpncTcti 

Milan In 

QSOOS 


Man 

27% 

» 

26% 

Law 

26% 

*6% 

25 

Last 

26% 

*6% 

26% 

Cha. 
— % 
—2 
+ 1 

18V* 

16% 

IBM 

+ 1% 

16% 

15% 

15% 

Ml 

20% 

17% 

19% 

— 

31% 

2S 

J8% 

-JH4 

ISM 

03% 

45% 

+ 1% 

W 

23% 

25% 

+2% 

25% 

24% 

25% 

— % 

23% 

27% 

23% 

— % 

25 

24 

24% 

— % 

3% 

3V» 

3% 


24% 

24% 

24% 

— % 

75 

73% 

74% 

+ % 


HU Law Lost aw. 

Composite 2S7J2 25643 257.31 —142 

Industrials 319.97 31671 31873 — 1J0 

Trareji. 267.74 265 SO 266.79 —247 

UKBty 21772 21573 21460 —1.11 

Franco 21X87 21179 21273 —174 

NASDAQ Indexes 


HU Law Loot Cta. 

Composite 77132 78472 78503 —747 

industrials 83447 82544 826.97 —775 

Banks 691.73 48679 666.94 —571 

Insurance 92900 71900 919,00—1X94 

Finance 39071 81374 88407 —847 

Transo. 79747 79276 79276 — 372 

Telecom 175.61 172.71 17X21 —178 


AMEX Stock Index 

HU Low Lae Cbg. 
47174 46773 449.95 —179 

Dow Jones Bond Averages 


, 20 Bands 
1 10 Utilities 
10 industrials 


Wariest Sates 

NYSE 4 pjn. volume 
N Y5E pnrv. cons, dose 
Amex 4 pjil volume 
Anwx prov. cons, dose 
NASDAQ 4 run. volume 
NASDAQ nm. 4 pm volume 


Est. volume: 7764. 

COFFEE tLCE) 

Donors pot metric foretoTs of 5 tons 
Mar LZIO 1212 LZ10 1,199 1,196 1,197 

May 1722 1733 1722 1712 1W W17 

JU 1719 1721 172» 1717 1716 1718 

Sep 1722 1723 172S 1720 1718 1721 

Not N.Q. 1728 1730 17Z3 N.Q. 1722 

JOO N.Q. 1727 1729 1727 HA 1722 

Mar NA 1727 1725 1734 N.O. 1715 

Esl. volume: 4710. 

HU Low QOM Qfoe 
WHITE SUGAR (Mattfl 
Dollars per metric iwHats si 5* teas 
May 32870 wm ttach + Z6Q 
An 3257D 32S7® 322.10 32370 + 3.10 

Ocf 304X0 303X0 30250 303X0 + 170 

Dec N.T. N.T. 2WL5S 30270 + 270 

«cr 38070 29970 29870 29950 + 270 

ESL volume: 1789. Open Hit.: 11704. 


Metals 


Close 

Bid Aik 
ALUMINUM (HM) Grade) 
Dollars per metric tofl 
Spot 128850 12S9J0 

Fanranl IJ11XS 131240 

COPPER CATHODES (HU 
Doows n«r metric Ion 
SPOt 1860X9 1861.00 

Forward 188350 188470 

LEAD 

Donors per metric ton 
S»ot 47150 47250 

Forward 485X0 48470 

HICKEL 

Dollars per metric ton 
Soot 5865X0 5870X0 

Forward 5915X0 5920X0 

Donors par metric tan 
Seat 5445X0 5450X0 

Forward 54MJ0 5485X0 

ZINC (Special HU Grade) 
Dollars par metric ton 
Scat 947X0 94970 

Forward 96570 96770 


NYSE Diary 


Advanced 

Defined 
unenanoed 
Total issues 
Naur Mam 
New Laws 


AMEX Diary 


N.Y.S.E. Odd-Lot Trading 

Buy Sales Sturt* 
Fob. 28 916499 1453761 79780 

Feb. 25 960736 1450717 54275 

Feb 24 945758 1J932.196 169750 

Feb 23 961744 1710752 41753 

Feb 22 1X17.926 1494755 14701 

S&P 1 0O Index Options 


711 1457 

1447 727 

416 575 

2774 2759 

41 88 

82 47 


Strike CafeLotf 
Price Mar Apr Hot Joe 

385 — — — — 

390 — — — — 

30— — — — 

MO — JJft — 38 

405 — — — — 

<11 — - - — 

415 IB — — — 

420 m IT - - 

c n m w - 


PitvLnt 

Mar Apr Mur Jpe 

Ci 

* H - - 
» m n - 
a it a a 

ft 7 Ift - 
I » A M 
Ik M » - 
IN 4 1 8ft 

is sp. n - 


Mar 

RL2S 

9619 

9619 

Jon 

95JS7 

95J1 

9677 

Sbp 

9556 

93L54 

9544 

Dec 

95.17 

95.15 

9SJM 

Mar 

94.98 

9697 

94J4 

Jan 

N.T. 

N.T. 

96*1 

Sep 

NT. 

N.T. 

9449 


ail 9%iRkU*nhatmt2Ui 


DecXned 
Unchanged 
Tom issues 
NewHIatu 
New Lows 


Ctota 

Prgv. 

435 

3 te 

*U 

m* 


ift 

Ift 



227 

381 

22A 

834 

12 

21 


44B 

rife 

3% 

66 

Eft 

Wl 

lift 

15% 

M% 


445 

% 

7% 

4ft 

— 

1» 

15ft 




220 

839 

20 

11 

a 

455 

4A0 

% 

te 

h 

IN 

V 

Ik 

2ft 

16 

% 

4 

1* 

lift 

Dto 

m 

= 


4*5 

— 

ft 

% 

— 

— 

- 

34 



NASDAQ Diary 


Advanced 
Declined 
Unchanged 
Total Issues 
New Highs 
New Lows 


1187 2054 

1B01 1132 

1818 1420 

4806 4HM 
94 120 

100 48 


CU: taM ML HUM; lew seen U.44U39 
Pete total vd 71IXO; MU ami H. 5*290* 

Pita ncH dk! 5 DecN DecM dk« DecN 
32tV— — — 6i — — 

3S — --V1 — — 

37fc — — — % — — 

4S - - - Ilk 2 - 

m is - — b 1 - 

43 IB. - - flt — — 

Ceas: total wL D: laU open let tun 
Petr talar Ml. OT; total oem U. ICSM 
Soum.-CBOe. 


Est volume: i J71. open im.: 14734. 
3-MONTH EUROMARKS (LIFFE) 

DM1 mnaoa - pti ef 180 act 
Mar 9AZ1 94.14 94.15 + 178 

Jan 9474 9452 9473 4 1X6 

Sep 9486 9472 9473 — 0.13 

Dec 9474 94X1 9473 —0.11 

Mar 95X3 94X6 9458 —0.13 

JOB 9474 9479 94X2 — 0.11 

StP 9477 94X4 94X8 — 0X9 

Dec 94X3 9473 9475 —0X8 

Mar 947 2 94X2 94X3 —ft® 

JOB 9478 9476 9478 — 0.11 

Esf. volume: 202X64. Open int: 999721 
LONG GILT (LIFFE) 

198X00 - Pis A 3MS Of 100 pet 
MOT 113-17 111-20 111-29 -1-19 

Jl» 112-22 110-20 110-30 -1-24 

Sep N.T. N.T. 11802 — 1-24 

Est. volume: 161X87. Open Int.: 186X59. 
GERMAN GOVERNMENT BUND (LIFFE) 

dm isaaee - pts of iso pet 

Mar 97X5 96X6 9620 4-479 

Jtm 9677 95X5 95X8 44X7 

SOP 9675 95.95 9SS5 —0X7 

Esl. volume: 315.119, open Int.: 2S9J64. 


New Deal for Ghbex Trading System 


Bloomberg Business News 

NEW YORK — Reuters Holdings PLC and the 
Chicago Mercantile Exchange are near an agree- 
ment on a revised contract for G I obex, the after- 
hours electronic trading system. 

The deal is almost final and will include so- 
called seamless trading, in which Globe* opens for 
business right after the close of open-outcry trad- 


ing on the exchange floor in Chicago, an official of 
the mercantile exchange said. 

The contract, which is to take effect next month, 
is unlikely to include the Chicago Board of Trade 
— the Chicago Mercantile Exchange’s partner in 
the developing the electronic trading system that 
started in June 1992. 

Trading on the system has been below targets, 
creating friction between the partners. 


Industrials 

HU Low Lost Settle Ofpe 
GASOIL (IPE1 

uj. do nara ear metric tea-Ms aflBO tens 
MOT 14075 13975 14075 14075 + 075 

Apt 13975 13870 13975 13970 -870 

MOV 138X0 13875 13875 13875 — 075 

JOB 13975 13850 13970 13975 —1X0 

JVl 1417D 14870 14170 WITS —ITS 

Aua WITS 14375 14370 14370 — ITS 

Sep 14575 14525 14575 14573 —1X0 

Oct 14875 14825 14870 149X0 -075 

NO* 1JB75 15070 15070 15075 —125 

Dec 153X0 152X0 133X0 153X0 —1X0 

JOB 154X0 17X25 15375 15175 —070 

Fed N.T. N.T. N.T. 13375 —030 

Est. vatamt: 14.115. Open Hit 116X77 

BRENT CRUDE OIL flPtO 
U7. dollars per barreMats oMX88 Oarreta 
APT 1160 1U5 1378 1377 + 022 

Mar 1375 1X45 1170 13x9 +0J8 

Job 13X7 1370 13X7 13X7 +022 

JW 14X3 1187 14X0 14X8 + 029 

Aug 14.15 14X3 14.14 14.13 +823 

SOP 1472 14X0 1472 1470 +0X7 

Od 1448 UXO 1448 1472 +012 

NOV 1475 1470 1470 1477 + 087 

Dec 1473 1476 1473 14X3 + 028 

E<t volume; 30172. open int. 23X83 


Stock Indexes 


Low One Orange 


Pmrioas 
Bid ASK 


128050 128970 

unxB mzxo 
Grade) 

186000 1861X0 
188370 1864X0 


47170 47270 
485X0 486X0 


58)0X0 
5915X0 5920X0 


5445X0 5450X0 
5480X0 5485X0 


947X0 949X0 
965X0 967X0 


FTSE TOO (LIFFE) 
QS per Index point 


Financial 

HU Low dose Change 
3-MONTH STERLING (LIFFE) 
tSOMBO-PtlOf 188 Pd 

Mar 94X4 94X1 94X1 +258 

Jen 9A93 94X6 94X7 +274 

Sep 94X1 9473 9474 —0X5 

Dec 9466 9473 9477 —0X7 

Mar 94.42 94X0 9472 —068 

Jen 94.14 94X2 94X3 — 0X7 

Sep 93X3 93.76 9372 — DJ» 

Dec 9376 93X9 9143 —0X8 

Mar 9372 9371 93.15 —0.11 

Jon 9109 92P2 9292 —ail 

Est. volume: 60748. Open Int.: 436^09. 
3-MOUTH EURODOLLARS (LIFFE) 

< tmnnaa-ptsaunpct 


Mar 3322X 3240X 3251X — 68X 

Jun 33347 3264X 3SMX —687 

SOB 3349X 334VX 3285X — 68X 

Est. volume: am. Ooen int.: 74X56. 

Sources: Reuters, MatK Associated Press, 
London Ini7 Financi al Futures Exehme, 
Inti Petroleum E xc hange. 


Spat Commodities 

Commodity Today Prev. 

Aluminum, lb 0785 0585 

Caffe®, Brat, lb 078 070 

Copper etactroivtie. lb 07745 O.WB5 

Iran FOB. ten 212.00 moo 

Lead, lb 0X4 034 

Silver, trov oa 5X4 5X1 

Steel (scrap). tan 133X3 r« 

Tin, lb 37488 37463 

Zinc. » 8X539 04623 


PtvM o nde 

Co ai poor Per Amt Far Rtc 

INCREASED 

Allied Graup O .15 3-19 Ml 

First Fed Nlhm KY a .125 3-15 3-31 
laaiCQ Enterprise Q 73 3-25 4-15 

INITIAL 

Americas IncoTr - .106 3-7 3-23 

Plkevllle Ntt n . .15 3-15 4-1 

Tri-County Bncp _ .10 W 3-31 

IRREGULAR 

Nam Tal Electronic _ XI 3X1 4-22 

Sthwal Bancorp X5 3-21 4-4 

SuperTrCoMkt Inoo -PM 3-14 

Zwelp ST GvSec B _ X33 2-28 3-8 

REGULAR 


AGE Fund 
Allied Lf Fin 
Am Opportun Inca 
Am Sal men Port 

| Am Software A 
AmfecfiCbrp 
BCE Inc 
BtodUHR. 

Cdn Occidental 




Cato Carp A 
Continental Bk 
Dlbrell Bros 
Fidel Natl Fnd 
Fst Mutism 
Gen P qr u me tTha 
Glbl ptm into 
Harris Carp 
HI Inca Adv 
HI Inn Adv it 
HI Inca Adv III 
Interfrans Carp 
Ipbco Inc 
Mass Health Ed 
Old Republic 
Dims Sr Minor 
Simmons Fst Ntl 
SkvIlneCorp 
sthside Bncsbn 
Truetmark Corn 
USLiCOCarp 
wotklne Johnson 


M X22 2-28 3-15 
. X3 3-15 Ml 
M .8333 3-7 3-23 

M X937 3-7 323 

3 X8 3-11 3-25 

X2 3-3 3-23 
P 77 3-15 4-15 

Q 78 3-l» 4-1 

9 JO 3-11 4-1 

Q X25 3-14 3-2B 
Q .15 3-11 3-31 
Q .18 3-4 3-15 

Q X7 3-23 4-4 

Q X5 3-16 4-6 

Q X6 3-10 3-24 
M .11875 3-11 331 
Q XS 3-8 3-18 
. JS 3-11 3-25 

M X52S 3-11 3-25 

M m 3-11 3-25 
Q X5 3-15 3X0 
p .12 3-10 3X1 

M 169 3-7 3-31 

Q .11 3-11 3-21 
O XS25 3-15 3X1 
a .10 3-16 +1 

a .12 3-16 4-1 

_ JO 3-8 >15 
& .10 3-1 3-15 

O X6 3-7 3-15 
Q .12 3-14 Ml 


o-amwal; p-paraMe In Cmodlan fends; m- 
monthlyj »qaarterf9; s-senH an n u ai 


Italian Bank Closes Offering 

Bloomberg Business News 
MILAN — Banca Commcrdale 
Ilaliana SpA said Tuesday that it 
dosed its public offering of the 
government’s 54 perce n t stake after 
two days because of excess de- 
mand. The bank is selling 540 mil- 
lion shares at 5,400 lire (53.20) per 
share. Traded shares dosed down 
62 at 5,983 lire on Tuesday. Banca 
Commcrciale is the third state-run 
Italian bank to be privatized. 


The Bdl Tolls for a Famous Name 

^sBWfsSSSfSS 

■Essjssssata, -» 

dJrf Sre associate with the past. « said in Its annual proxy 
SiSffid tSv. For anyone who frequently has to write om 
SS rayUSTdJt sudt as lawyers and journal^ the 

American Premier Underwriters Inc. reflecting its invohrmatt m pro^ 
erty and casualty insurance businesses and not its former bfe as a 
railroad. (AP) 

Union Pacific Unit Buys Gas Firm 

NEW YORK — Union Pacific Coro, said Tuesday that its oil and gas 
subsidiary. Union Pacific Resources Co. has agreed to acquire Amax Oil 
& Gas feff about $725 million. 

The purchase represents all the gas and oil assets of Cyprus Amax 
Minerals Co. Union Pacific will pay $8 19 million m cash for the Amax 
shares, but will then sell Amax’s northern division to Qnestar Om s 
Universal Resources subsidiaiy for $94 3 million. Umon Pacific, based m 
Bethlehem, Pennsylvania, said it would retain Amax’s natural gas pro- 
ducing properties in Texas and Louisiana. Cyprus Amax Minerals was 
created m November when Cyprus Minerals Co. and Amax Inc. merged. 
• Pacific Gas & Hectic Co. plans to raise about $440 miffion by 

c pmnnip off Its ofl and gas explorarkm unit, Dalen- Resources Coip^, in an 
initial public offering. (Bloomberg) 

Lending Picture Improves at RBC 

TORONTO (Bloomberg) — Royal Bank of Canaria, the counfry's 
largest fwianrial institution, said its profit rose 18 percent in the first 
quarter of the financial year, due to a reduction in the number of bad 
loans and improved results from its brokerage division. 

The bank said net income in the quarter ended Jan. 31 increased to 300 
mil lin n Cansuiim dollars ($220 million), or 82 cents a share, from 254 
min i nn dollars, or 71 calls, a year earlier. The results were better than 
expected by analysts, . . _ 

The provision for bad loans was 205 million dollars, down from 295 
octillion dollars a year earlier. The bank is forecasting that loan-loss 
provisions for the 1994 financial year will total 820 mfllioa dollars, down by 
more than h«lf from last year. Results from the brokerage division were not 
listed separately, but the bank said other income, which includes the 
brokerage figures, rose to 698 miltinn dollars from 471 million. 

Strike Idles 8th-Largest Steelmaker 

PITTSBURGH (AP) — More than 4,700 union workers at Whoeling- 
Pittsburgh Steel Corp. went on strike Tuesday in the second labor dispute 
at the company in nine years. 

The United Steelworkers union anno unced the strike at 6 A.M. at the 
nation's eighth- largest sled producer. Pensions, health care, salaries and 
retiree insurance were among the sticking points, union negotiators said. 

Plants in Ohio, West Virginia and Pennsylvania had continued running 
as the two rides met past the union-imposed midnight deadline. Workers 
expressed frustration that although they had agreed to a wage cut in 1985 
that helped the company recover, they were not sharing in the company's 
recent prosperity. Last year, the company performed strongly but still 
posted a loss of $6.2 millio n as h paid off debt earlier than anticipated. 

For the Record 

A Delaware judge has rejected a bid by shareholders of Blockbuster 
Entertainment Corp. to block the video-rental retailer from purchasing 
$1 .25 billion in shares in Viacom Inc. The investment is a key provirion in 
Blockbuster’s Jan. 7 agreement to be acquired by Viacom. ( Bloomberg) 
Coca-Cola Co. has introduced a tine of noncarbonated fruit drinks, 
hoping to capture some of the $6 bflhon market in alternative beverages. 
The company said it expected to begin distributing its Fmitopia line in 
about a month. (AP) 

Ford Motor Ql, has formed a unit to increase its presence in China’s 
automotive market. Ford China Operations, which mil be beaded by 
James J. Paulsen, 54, will be responsible far negotiating joint ventures, 
component manufacturing and possibly vehicle assembly. (NYT) 

General Electric Co. and Motorola Inc. have formed a multiyear 

partnership to develop energy-dGdepi lighting syslems jfor industrial 
use. ' (Bloambirg) 

Chock Ftdl O' Nuts Corp. has chosen Norman E Alexander, chakman 
and chief executive of Sequa Corp., to be chairman of the company's 
board. (Knight-Ridder) 




WORLD STOCK MARKETS 


U.S. FUTURES 


Seam Season 
High Law 


Open Waft Law Close Ota OpJnl 


Season Seam 
HM Low 


Ctasn HWi Law Case Os OtUM 


Agence From Pnma March 1 


Amsterdam 

ABN Amro HM 
ACF Holding 
Aeoon 
Ahold 
Akzo 
AMEV 

BotvWassanen 

DSM 
Elsevier 
FokJcer 
Gtat-Braoodo 
HBG 
Helnefcen 
Haogavens 
Hunter Douglas 
IHCCatand 
Inter Mueller 
Irm Noderland 
KLM 
ICNP BT 
NMIIlayd 
Oce Grlnten 
Fakhoad 
Phinps 
Polya rom 

n» h 

Kuoreo 
Podaraco 
Rollnco 
Romrto 
Boyal Dutch 
Shun 
Unilever 
Van Ommeren 
VNU 

waiters/Ktawer 


Helsinki 

Amer-YMymo 158 155 
Enso-Gutwlt 413a 4270 


Huhtamakl 

AOJ*. 

Kymmono 

Metro 

Nokia 

Pah la la 

Rspala 

Stockmann 


222 219 
1370 090 
126 127 
224 228 

315 310 

ion ioo 

188 III 
299 300 


Brussels 

Acbc-UM 2625 

AG Fin 2880 

Art»d MOO 

Borco 2370 

KJSEJii 24950 

CocKerlll m 

CotMpa 56® 

Daihaize 14S2 

Electrabol 6460 

GIB 1630 

GBL 4300 

GntWl 9640 

Kradtatbank 7410 

PotroNna 10275 

Powrfln tw 

Rwal Beige 992D 

5oc Gen Banoue S500 
SocGan Betaktue 7790 
Soflna 15200 

So | w*lv_ . 14775 

TracJobel 11175 

UCB 24375 


Frankfurt 

AEG 

Alllonr HUM 
Altana 
Asfca 
BASF 
Saver 

Bov- H ypo Bank 

Bay Verelnsbfc 
BBC 

BHF Bonk 

„ 835 831 
Commortoank kiwiuw 
Continental 

Daimler Benz 795 812 
50670 514 

Dl Babcock 245246X0 

OeutsdwBank @]70 BOB 
DOUOkH 545 si 

DoadnerBai* 401 406 

FeldmuehJe 
F RruoD Hoesch 
Hontaner 
Henfcei 
Hochtief 
Hoechst 
Hstmwnn 
Horten 
IWKA 

Kofl Salz in lea 

Karstadi 544 549 

KauBwt 47LM 47« 

KHD 134JD 134X0 

KloocknerWerke 1» 

Unde 
Lufthansa 
MAN 

Monmsmam 
NWtaftanell 
Muancn Rueck 
Ponche 
Preuisao 
PWA 
RWE 

RMtanefall 
Schcrlna 
SEL 

Siemens 

Thraen 253 2SS 

Varta 363 3 «b 

sas s a 

Asraoen SS SS 

WHIa m BK 

DAXJndur : now I 




Hong Kong 

BkEMt A5lO 35L75 
Cattnv Pociffc 1220 
Ow^oKona 4370 
China Light Pwr 4275 
Dairy Farm Inti 12X0 
Hang Lung Dev 16 
Htmg Seng Bank 62 
Hend erson Land 47.75 
HK Air Ena. 46 

HK China Gas 19X3 

HK Electric 24X0 

HK Land 25 

HK Realty Trust 24.10 

HSBC Haidhwi 108 
HK Shang Htls 1260 

HK Telecomm 14.70 

HK Ferry 11.10 

Hutch Whampoa 3425 
HysanDev 26 

jardineMath. 66 
JartflneStr Hid 30JS 
Kowloon Motor 16.10 
Mandarin Orient 1170 
Miramar Hotel 2420 
New World Dev 3270 
SHK Props 5B 

Stelux 4M 

SwlraPocA^ 5470 
Tal Cheung Pros 1240 
TVE 2*5 

Whorm* 1 31XO 
Wing On inn iuo 
W insar ind. 13X0 


inchcape 

Kingfisher 

Lamirake 

Land Sec 

Laporte 

Unmo 

Legal Gan Gro 
Lloyds Bank 
Marks Sp 
MEPC 
Nan Power 
NulWest 
HttiWst W ater 
Pearsnn 
P&O 
Pllklnatan 
P ew o r G e n 
Prudential 
Rank Ora 
Rede HI Col 
Red land 
RWdlntl 
Reuters 
RMC Graup 
Rolls Raven 
Rothmn (unit) 
Royal Scot 
RTZ 

Salrtsbury 
Scot Newcas 
Scot Power 
Sears 

Severn Trent 

Shed 

siebe 

Smith Nephew 
5m itti Kline B 
Smith (WH) 

Sun Alliance 
Tate 8. Lyle 
Tesco 
Thom EMI 
Tomkins 
TSB Group 
Unilever 
UM Biscuits 
Vodafone 
War Loan 3% 
Wellcome 
Whitbread 
WJlllamsHdas 
wlliis Comm 
F.T.3B index :2S 


Accor 70f 

AlrUaulde B)l 
Aleatai Alsthom 70! 
Axa 147! 

Btmcalre (Cle) «34 

BSPp 

u s 

Comrhxjr 402t 

C£.F. 270X1 

Cmira 142 

□nraeurs 1395 

amwtfsFrane 3K 
Chip Med 373 

EH- Aquitaine 408 
Elt-SanatT HOT 

Euro Disney 337D 
Gen. Eaux 26io 
Havas 461.1 0 

I metal 659 

Lafarge Cappee 45770 
Legrand 5740 
Lyon. Eaux 568 

Oraai (L 1 ) 1242 

L.VJVLR 3893 

Mrtra-Hoehe#iB 156 
Mlchdln B 25070 

1X3 Moulinex 136 

5J7 Paribas 513 

Pecfi iney I ntt 191 

Pernod- Rkard 4030 

P«»cgt 834 

tSSSEtA!?' S9 

Kaaioteainlque 527 

g^Poulenc A 13770 

Raft St Louis 1400 

RtsdoutMLaJ 908 

Saint Gabaln 663 

S-&B. 585 

SteGenerme 702 

SUBZ 334 

Thom scn-CSF 186 

T0ICH .170 

U-A.P- 19^W 

Valeo 1462 

&S'8£tei3P-” 


Sydney 

Amcor 9M 9.98 

ANZ 725 739 

BHP 17JU 1798 

Barat 470 4M 

Bougainville 1 096 

Coles Myer 4 M 495 

Camalaa 4JS 439 

CRA 1774 1770 

CSR 5 431 

Dunlap 5^43 5J7 

Fosters Brew 126 127 

Goodman Field ITS 176 

ICl Australia 10.46 1020 

6taoel hrn 218 210 

MIM 228 275 

Nat Aust Bank 11.96 1194 

News Carp is lejw 

Nine Network 62B 6.16 

N Broken Hill 372 372 

Pioneer inn 322 307 

Nmndv P oaekton 222 220 

OCT Resources 120 122 

Santas 474 395 

TNT 219 225 

Western Mining 720 7.15 

westpoc Banking 494 sm 

Woodstde 4JS 421 

All ord ln ar l ea Index : 21017* 
Previous : aisoje 


628 6.16 
372 372 
322 307 


Tokyo 


Aka I Eisctr 452 440 

AsatU Chemical 714 499 

Asatu Glass 1160 1150 

Bank of Tokyo 1630 1610 
Brtaoestane 1560 1510 
Canon 17®J ins 

Costa 1320 1380 

Dal Nippon Print 1930 1930 
Da two House 1700 1660 
□aim Securities isio isoo 

Famic 4310 4400 

Full Bank 2320 2330 

Full Photo 2550 2560 

FulltSU 1030 1040 

Hitachi 957 950 

Hitachi Coble 830 833 

T780 1750 

iota sw 

698 694 

649 630 

975 950 


Johannesburg 

AECI 20 2D 

Alrecti 94 93.75 

Anglo Amer 198 192 

Barlows 28 27JS 

Blwoar 825 8 

BuHels 49 4870 

10370 103 

Drletanteln 53.50 5770 

Geocor djm 

GF5A 95 9470 

Hnrmonv 26 24 

Htghveld Steel is 1770 

Kloof 47 4670 

Nntnnk Gfp 26 sum 1 

Rorxtlonteln 40 397D 

Rusrtat 84 S3 

SA Brews 82 82 

SI Helena 43 42 

Sawl 22 22 

Wettom 44 44 

Western Deep 19018570 


Madrid 

BBV 3245 3340 

Bco Cent rat Hlsn 2820 2900 
Banco Santand e r 6720 6950 


CEPSA 

Draoadas 

E ndesa 
E rents 
Iberdrola 


3000 3010 
2355 2465 
7350 7320 
154 127 

1030 1065 
4330 4560 
40S0 4070 
1890 1975 


Sao Paulo 

Banco do Brasil 15 1370 

Banowo M3 M5 

Bradesco 1070 1070 

Brahma ]&5 yg 

Hswooros H2 107 

Tetabras 3070 2B70 

Vote R la Dace 77 77 

Vwfg 10970 100 1 

■oyespu tadex ; 11733 


itoYoJcodo 

Itochu 

Japan Airlines 
Kallma 




Banco Comm 
Bastogl 


4020 6045 
8125 87 


Benetton group 2593025990 


London 




Abbey Nan 
Allied Lyons 
Ar|o Wiggins 
Argyll Group 
Ass Bril Foods 
BAA 
BAe 

B«ik Scotland 

Bardavs 

Bass 

BAT 

BET 

Blue Circle 
BOC Group 
Boats 
Bawnter 
BP 

Brtl Airways 
Brit Gas 
Brtt Steel 
Brit Telecom 
BTR 

Cable Wire 
Cadbury Sch 
Corooon 
COMl Vkyelta 
Comm Union 
Courtoulds 
ECC Group 
Enterprise Oil 
Eurotunnel 
F liens 
Forw 
GEC 

Gem acc 

Gtaxo 

Grand Met 

GRE 

Guinness 

GUS 

Hanson 

HlllsdMWI 

HJBC Hktgs 


Clga 

CIR 

Creditor 
Entchem 
Ferffn 
Ferfln Rla 
FkrtWA 
Flnmac mn lco 
General 1 
IFI 

IkJlcom 

Hahns 

Italmotalksre 

Mediobanca 

Mantadlson 

OUverti 

Pirelli 

RAS 

Rlnascente 

Staitem 


663 665 
2138 2115 
2655 2642 
2560 3410 
1828 1834 
81081670 
4700 4750 
1735 1755 
39200 39680 
17760 16125 

1169011890 
5250 5360 
37390 37600 
15150 15340 
1132 1146 
2334 2338 
.411 5 4270 
25010 25600 
9840 9990 
3225 3180 


Singapore 

Ctrebos 0.10 8.15 

City Dev. 6J0 6J0 

DBS 12 1170 

FrowNeove I S30 1870 

Gertlng.. 17 JO 17.W 

GotamHonePI 2.98 3JU 

Haw Par 144 144 

Hume Industries SOS S2D 

liKDcopg 5J5 589 

Kmel 1040 1070 

KLKepang 124 126 : 

UHnC&ig 1J9 1J95 

Matavan Bankg 9.10 9 

OCgC 1X60 1370 

04I U5 &S5 

DUE 770 770 

gw»*Ownn8 1270 1110 

Shongrlla 570 sjS 

Slmo Darbv 170 3J0 

SIA tm 7,85 

Stare Land 7J15 7.15 

Stare Press 1470 1470 

sew Steamship 376 376 


Kanwl Power 2910 2890 
Kawasaki Sled 365 360 

Kirin Brewery 1230 1720 

Komatsu 889 888 

Kubota 663 650 

KvoCSra 6830 6930 

Matsu Eire bids 173® w 
Matsu EMC Wks 1210 1190 
Mitsubishi Bk 2870 2880 
Mitsubishi Kosel 461 463 

IpHil Elec 600 597 
Mltxubttll HBV 715 707 

Mitsubishi Carp 1010 1100 
Mitsui and CO 770 769 

Mitsubishi 960 m 

Mitsumi 2100 2140 

NEC I* 1050 

NGK Insulators 1100 iw 
NDckg Securities 1400 1390 
Nippon Kaaaku 1036 997 


Nippon Oil 
Nippon Steel 

Nippon Yusen 
Nissan 
Nomura Sec 
NTT 


751 746 

354 3S2 

604 621 

860 853 
2390 2380 
97900 9740a 


San Poo fa Torino 10925 10800 
SIP 4030 4145 

SME 3701 3770 

33790 32S5D 
SM 4440 4550 

Toro Aul Rfep 27350 28100 


Montreal 

Alcan Aluminum 
Bern Montreal 29 1 

Bell Canada 48= 

Bombardier B ; 

CamMor ; 

rnirmhi ■ 71 

Dominion Text A 71 

Donahue a 261 

MacMillan Bl 1 

Natl Bk Canada iw 

Powercorn. 215 

Quebec Tel 221 

Quebecer A 20*- 

Guebecor 8 2 

Tefooiebe 3 

Unhia 69 

Vldeotron 3 


31 32 

29% 2 m 
48% 48% 

20 30% 

21 2116 

7% 7% 
7% 7% 

26% 26 Vi 
23 23W 
lWk 10% 
21 % 22 
22V. 22 

20% 20 

20 19% 

21 20 % 

6% 7 

» 30% 


StareTetecomiti 166 164 

4«Oft> Trading X86 X86 

H2P laso moo 

WL 121 IB 

SSSELI 1 ™^!*. : 331148 


Olympus Optical ION) wa 

Pioneer 2700 2720 

Rlcafl 787 795 

Sanyo Elec 468 488 

Shop 1730 1750 

Shimizu 687 692 

SWnetsu Chem ISIS ZT5B 

Sony 6400 64H 

Sumitomo Bk 2180 2170 

Sumitomo Chem 442 429 

Suml Marine 903 905 

Sumitomo Metal 284 281 

Toisef CATO 704 693 

Totsho Marine 854 868 

TakedaOwm 1260 1280 

TDK 4590 4530 

Tallin 473 469 I 

Tokyo Marine 1350 1UD 

Tokyo Elec Pw 3490 3470 


Stockholm 

ASTO A S iS 

%£&*> is i 

|SSSi“ B s I 

Esselle-A mo ™ 

$ 1 

Norsk Hydro jS 


Tokyo Elec Pw 3490 347D 

Topoan Printing 1390 1390 

Toroy ind, 648 *52 

Toshiba 780 773 

Toyota 2050 2020 

YamolchlSec 902 899 

e.-xioa 

Nikkei 223 W7I7 
Rreytaas : 11997. 


Toronto 

AW tlbl Price 




Sandvlk B jig 

|W4i |S g 

s-E Banken 41 jn S 

Stand ta F in iH 

Skatnka 206 308 

HE, is “ 

Staro 434 eu 

Trellebero Bf 86 87 

Volvo 649 654 


AUwtu Energy 
Am^Barrtck Res 


17 17 

15% 16% 
6% 6% 
19% 19% 
33% 33% 
48% 48% 


Bk Mow Scotia 30% 31% 


SC Gen 
BC Telecom 
BF Realty Hds 
BranaJca 
Bnpwlek 

E f®?" 


16 16 
25% 25% 
003 0jO3 
044 (US 

9% 9% 
6M 4 
490 <M 

34% 34% 


Canadian Pacific 
Can Packers 
Can Tire A 
Cantor 
Cara 

CCLIndB 
Cinealex 
Com taco 
Conwest Expl 
Denison Min B 
Dickenson Min A 
Dofasoo 
DWex A 

Erin Bay Mines 
Equity Silver A 
FCA Inti 
Fed Ind A 
Retcher Chall A 
FPI 
Genfra 
GoWCorp 
Gulf Cda Res 
Hees Inti 
Hem Id Old Mines 
H oinraer 
Horsham 

Hudson'S Bov 
I lireuco 
Inca 

tnterprov pipe 
Jonnock 
Lttaatt 
Lubtaw Co 
Mackenzie 
Magna tall A 
Maritime 
Mark Res 
MacLeai Hunter 
Motion A 
Noma Ind A 
Narandatac 
Nonntda Forest 
Norcen Energy 
NihemTeleaxn 
Nava Corp 
Oshawa 
FagurinA 
Placer Dome 
Paco Petroleum 
PWA Corn 
Rayraclt 
RanatssanCE 
RogersB 
Rominara 
Royal Bank Can 
Sceptre Res 
Scoffs Haw 


Sears Can 
Shell Can 
Sberrm Gordon 
shl Syst e m hse 
Southarn 

Soar Aerospace 

S tel co A 

Talisman Enerp 
TeckB 

Thomson News 
Toronto Damn 
Torstar B 
TTnraaita Uhl 
TransCda Pine 
Triton Flnl A 
Trimoc 
Trtzec A 
Unicarp Energy 


TSE^ktag^S. 


: 22% 23% 
13 13 

12% 12% 
48 47% 
41k 4J0 

9% »% 
4JH 4 
19% 19% 
22% 22% 
0J5 026 
1 6% 7 

23% 24U 
079 079 
17% 17% 
096 1 

xm X60 
7% 8% 

20% 20% 
4.90 5 

040 (157 
9% 9% 
445 460 
14% 14% 
124k 12% 
14% 14% 
18% 18% 
31% 31% 
39% 40% 
32% 33 

33% 33% 
20% 20% 
22* 

23% 23% 

11 11% 
66% 66 
24% 25 

8 % 8 % 
16% 16% | 
25% » 

6 % 6 % ' 
2S% 26 

13% 13% 

15 15 

40% 4tm 
9% 9% 
23% 23 

130 X40 
32% 32% 
9% 9% 

1% 1% 

IB 18 
27% 27% 
21 % 21 % 

83 85 

29% 30% 
13% 13% 
BM 8% 

3B 38% 
7% 7% 

38% 38% 
11 % 11 % 
9% 9% 
17% 18% 
18% 18% 
B% 8% 
28% 28% 
24% 24% 
17% 17% 

22 22% 
25% 25% 
15% 15% 
19% 19% 
4.15 4.10 
17 17% 

an an 

aw aw 


VJb Aaodated PrM 

Seoton Scow 
H%h Law 


Open Hah Lew Class Cha a>.M 


Grains 

WffiAT fCBOT) SAHBumMniwdDSoniw-Miel 
194V, 100 McrM 349% 346 340 34016-001% 3J99 

372 3M May 94 145% 346’A 34M. 344 — OOIVV TLSB9 

056 OH Jul« OS4M 03516 O02U 033%— UIM 17.123 

157% ora Sep 94 036% 137% 33« OOPA-OJnW TASS 

365 3M DSC 94 344 345 342% 343 -401% 3419 

356% 1S7 Ma-95 346 -001% 2 

047% 011 Jul 95 035 035 132 132 -401% 22 

Ed. sales NA. iMarTi sates 71,834 
MatfsapaiM 41J79 afl 936 
W7EAT CKBOTI UUbg>i**Twn.«taiRebgM 
092 098 Mar <4 055 057% 151% 155% -OfiOV, SJO 

079% OH May 94 341% 344 041% 042 4080% 9J66 

355 197 Jul 94 134 135 332% O3W-O.0mt 14717 

055% 002 % Sep 94 034% 035% 133% U4 Z433 

3M 112% Dec 94 041 342 139% 140 *030% 993 

OSS'* 043 Vi Mix 95 142% +400% 

EsLsdn HA Man's. sales 4953 
Men's open M 28JW2 oH 11 SO 
CORN CCBOn I490tiuiiilniiii ii o>- Il »»» n i r w sun i 
111% 032%Mar94 085 2LB6 083% OJ446-OOM6 1SJ» 

116% ora % May 94 :.W WA 2 97% 093% T2BJ1DI 

016% 241 Jul 94 2J7 097% 095% 096% +40016 110544 

092% 040% Sep 94 082% OB3 081% 782% +080% S Affi 

073% 036% DecM 067% Oi9% 066% 06816 +401 % 53445 

179% 053%Ma-95 2J3 175% 177% 175 +101% 3,791 

282 273 May 95 077% 079 177% 179 -080% 305 

083% 174% Jul 9S 279% 181 079 081 +M1 W 

058% 2J1 Dec 95 053 154% 152% 153%+OPI 45U 


EsLtales NA Mon's. idles 74624 
Man's open bit 326+S5 up 17M 
SOYBEANS (CBOTI MMhu u ns » Mi>- UAu i»iwbutael 
7.54 589% Mar 94 67B% 68116 676% 478% +401% T2J5B 

781 572% May 94 684% 617 682 484% +400% 0714 

7 JO £94% Jul 94 487 490 685 687% +a<BM 44JV9 

7JS 620 AUO 94 482% 683 6JB% 4J7%-(UW% 7803 

689% 617 SepM 665 665 662% 663 im 

7-57% £55% Nov 94 451 63 649 649%— 081 MAM 

470 61891JEX195 454% 656% 654% 6J4%-0A1 1,« 

673% 642 Mali 440 -481 355 

673 642% Jul 95 645 465 669 663 -401 241 

450% 581% Nov 95 605 625 622 622% -082% 931 

Ed- xies NA Man's, safes £462 
Man's open int 156,139 off 4851 


156.139 afl 4 
IL ICBOn is 

Mar 94 172.90 


23760 l&5jaMor94 19190 19060 19100 19160 —170 7^91 

23100 1B5JUMOV94 1«80 19600 T91.B0 192.70 —HJD30762 

23000 19380 Jul 94 194JB 1MJ0 19120 19040 —164 23.903 

22380 191 JD AUB 94 19370 19360 WI-7U 192J9 —030 69M 

21080 18980 Sep 94 19120 192J0 19060 19I.H -060 5.145 

2D680 187.100094 19070 191 JO 11780 18980 -060 28S6 

20980 460 Dec 94 19100 19180 18880 189 JO -030 7J71 

20080 106jajtxiK I90J0 19070 18680 119 JO — OA) 99 

19480 19280 Mar 95 I89J0 —180 II 

EH.KSeS NA Man's. ji *11 »J00 

Mcn-seaenlnt Hi« 0* IM4 

XJ3 EAM nJ3«SS^ 2692™ 291 "m +114 10714 
3045 71 JO May 94 7985 29.18 2180 2984 +0.12 36573 

2970 71_53 Jri?4 2696 29.12 2078 2980 +0.M 267*6 

29 JO 21 65 Aug 94 2W5 5865 2135 5152 +-B86 6B70 

2S80 3280SUP94 2785 »LD5 2780 27.90 +4® 6J5B 

27.45 22. IP Ocf 94 2780 27.15 »80 27.12 +0.T7 6473 

2680 0190 DOC 94 2635 2655 2620 2689 +0.17 11858 

2655 2265JOI9S 2610 3640 2610 2635 +0.14 1.507 

2615 2SJ0MOT95 2680 +8.13 44 

3600 2570 May 95 2680 +0.W 2 

ESL sates NA Man's. K*M 17JM8 

Mon's open W 10L346 up 91 


Livestock 


Zurich 



229 235 

639 644 

1044 1050 
860 871 

635 638 

WJs 3820 
1235 1235 
Ml 2250 
B0 TO 

951 935 

N.T. 600 
.£5 430 

1260 7233 
.147 152 

1505 1500 
6855 7000 
143 143 
3810 3896 
7500 7400 
923 932 
1980 1900 
454 450 

436 635 
809 815 

1320 1364 
722 740 
1430 1465 


CATTLE 4CMER) 4W»Bn.-ogrfnpwfc 
1275 7370 Aw 94 7695 7697 7634 7637 

76.18 7185 Jun 94 74.92 75.00 JMd 7480 

7387 ALSO Am M 7345 73J0 7317 7337 

7480 71 87 Ocf « 7382 73J7 73JH 7372 

74JB 7335 DKW 73.95 74.W 7115 74JB 

762S 7100 FOD 95 7170 7170 7387 7157 

7110 7120 APT 95 7690 7690 7685 7485 

ea sales U619 Mnrs.iatai 138*1 
jvWtooerrt B1IXM id W 
FEBQERCATTLE ICMER) M8SB6-eMlspwb. 
IUS 7982 Mar 94 ra.15 8280 SI8S Hl.W 

8580 79.20 Apr 91 BIAS 8L47 11.10 81J2 


kskwt 


Vs oa*f to nitfcrBw 
hi Groat Moat 
hot coH tdHre<B 
0800 89 5965 


Ti n 111 ta OIAJ ULw ■■■!■ niwn 

1440 7670 Moy« BliEJ J.IS taJS BOB 

8380 79J5Aua94 HJ0 81.91 H85 4180 

8) JO 79J0SBP94 B1J0 O 81^ 

01 JO 77 JO Od 9* «S0 8180 80JS «.« 

BBJP 77.45 Npv 94 81 JO 

KSB 7980JWI96 IMi 88^ 808S 80J5 

EsLBNes 1898 Man's. H*5 (65 
MoQ openlrt I2#32J us 11 
HOC* (CMER) _ _ 

51.92 39J7ABTW 4980 49J2 ftM 48J7 

JS ^27 Jun 94 5675 5695 56B S670 

5537 45J0JUI94 5617 56ffl S90 560 

5140 4635 Aug 91 £7 JO 52JU SLX 52JSD 

Sn <WOOd9* 4150 4665 4835 48JD 

MJO tiJODeCM 4740 4945 49 JO 4985 

5BJS SjBH>n 49J0 49 JO 4040 M 

OOO 40.90 Apr 9S 4880 4600 4780 4U0 

51 JO 5180JU19S 51 

EsLudK 5387 tunrs.B*g ; 3856 
Man's open kif 31.904 up 61S 
PORKBSULDES COMBO 4iuau eu.- emu turn. _ 
IHo aCtoMorW 56J0 56J5 55J0 5635 

SS SjiMayWSja £87 SLK PX 

624U 39JO jul M 57.97 5825 5735 5747 

»J0 CAOhtaM 5160 55.90 5675 |6» 

81.15 39.10 Feb 95 

StSS 5935 Mar 95 

8035 6835 May 85 *IJ» 

Esl swat im.MnriLsM 
Mon's open Inf 9871 oh >M 


‘ Sm?94 37 MJO* - " 7LX "tSoO 7L8S 1871 

JusMavw ms w-S ££ “MS 

8610 Jill t4 7830 7150 7880 7US 4035 7J50 

86sa5aeM 7940 7IJ0 7935 7935 HLI0 WH? 

rii«D«94 r.oo HA Rtf 40.15 1M6 

7190 Mar « ffl.10 82.10 JI4B *MS 

I2J0 May 95 8380 8U8 8M8 8245 * 8.10 75 

fiMJulfS «W5 -885 I 

I 6935 AAoabLSeleS 16533 
■an Int 473 13 «fl 100 

"'WatJTW TB^STTlft —402 62.1M 


—473 37826 
-437 TUBS 
-405 rum 
-410 tm 
—083 2817 
—418 811 

-407 57 


-438 4487 
-030 MR 
—421 1617 
— 427 2,119 
-020 J7J 
—432 492 

-410 159 

-410 10 


-453 14,989 
-425 4255 
-423 XISS 
-430 2J0I 
-430 1AM 
-430 1866 
-415 236 


—460 882 
-437 M04 
—460 2315 


< 1280 9.15 Jul 94 1180 12.11 1183 

! 11.65 9X1 0(3 94 1182 1166 1184 

11-SO 9.17 Mar 95 11 J0 11J2 11.34 

I 1182 1457 May 95 1181 1148 1180 

1137 1457 Jul 95 1138 1139 1138 

1132 10870(395 1137 1137 1137 

Esf. sates 21817 Mon'S. «4«1 10385 
Man'sopenint 122811 afl 245 
COCOA (NCSEI NmeMem-suerMn 
1«5 ®3M«rM 1139 1U5 1135 

13(8 77* Mar 94 1134 1157 1134 

1365 999 Jul 94 1140 1180 1160 

1377 1 02S Sip 94 HIS 1193 UBS 

130V 1041 DSC 94 T2Z3 IDS 1221 

1® 1077 MorfS 1255 1365 1253 

1400 1111 MOV 95 1280 1280 1280 

1407 12Z5JUI95 

13SJ 1275 Sep 95 

1340 S3® Dec 95 

Esl soles &W9 Mon's. H*es 3A32 

Mon's open W BLSS9 ofl 155 


-037 26985 

SJKI 22350 

—411 6*09 
—416 M3 
— BJJ5 725 
-409 257 


9S.180 9371 DecM 95.140 95.180 969S0 94860 —10020569 

94890 9324 Mar 95 94340 96940 96760 9677B —170341.113 

96730 9371Jun95 967*1 96720 9600 94530 — J70196M3 

96S20 9.131 Sea 95 *6500 96500 94JW *4320 — I70UM42 

96293 9.1 18 Dec 95 96160 94240 94080 94080 —140115,1*5 

Est. sates HA Man's, sates 348,105 
Man's open M 2419,99] ofl 14219 


Man's open Iri 86889 afl 155 
ORANCCJOKB^NCTTO 1 6 S WSW. awn per 
13425 6480 Mar 91 10455 106J5 10455 

moo 8900 May 94 10805 10900 107.90 

13500 IB3J0JU94 118J0 11283 UDJ0 

13430 105JUStp94 11205 11500 11205 

13400 10600 Nov 91 11305 11185 11X45 
13200 1 aua Jan 95 11575 11705 11525 
12425 1 0600 Mir *5 11480 II6S0 T162S 

Est. uses NA Mon's, soles OS1 
Mon’s open W 113* up 192 





[ BRITISH POUND (CMER) sperwunt-l PoHmrei 


37 JO 




1J384 

14000 McrM I4B4B 

1491* 

14824 

14818 

:s 

1138 

+16 

542 

1J150 

1 4474 Jun 94 14000 

1 MK 

1477* 

1-040 

6631 




144405CPM 14790 

1.4830 

147(0 

14N4 

*34 

440 

1176 

+11 16402 

14950 

1.45m Dec 94 



14/78 

+34 

12 

12*1 

♦ 12 

7422 

1 Est.nfes KA Mon's. sues 






1232 

+13 

4436 

I Man’sopenint 46358 UP 520 





12(1 

+ 13 

9474 

1 CANADIAN DOLLAR (CMBO iwiIMiMhS 

tanoi 


1285 

+ 13 

V24 

04712 

07371 MW 94 07400 

07422 

07381 

07401 

+4 36465 



34M 


073*5 Jun 94 074V 

07420 

07378 

87397 


7.940 


+ 13 


07740 

07345 Sep 94 073*5 

07411 

07380 

07393 

+8 

(46 

130 



0700 

0731 5 Dec »4 0791 

07398 

07391 

07389 


VS 



07*05 

07375 Mer 95 073*5 

07380 

873(5 

0730 

+12 

378 




07521 

07374 Jun 95 





13 


Metals 


RAOBCOFFBt (NCMK) tUnBL-arawB. 
D 7300 Mar 94 8600 8115 8525 8575 

I 7650 Apr 91 B6J5 8625 15.70 85.75 

O 7X40 May 94 8635 8650 S5J0 8500 

76UJU1M 1400 8600 8600 (600 

5 7629 JU 94 8665 8665 8SJ5 8605 

® 7499 Sep 94 8630 

0 7X75 Dec 94 8705 B7J5 0650 8670 

/&?0Jrii95 8690 

JOT Ft* 95 87.10 

OjaMorlS 8700 *700 S7J0 8730 

7605 May 95 87.90 MOD 87 JO B7J0 

7600 JU 95 88J9 8BJ0 87 JO 8610 

7530 AUO 95 8615 

79.10 Sep 95 8900 0900 »O0 88J0 

75200(215 8645 

77JSNOV95 8630 8650 8630 8655 

BUODscVS WO 0 8900 8900 89.10 

Jan 94 Bf AS 

tales 7000 MoWl sales 7061 

’s open kit 40064 all 2214 
Bt PiOHX} Uaanvoc-caRlipvenrK. 

3460 Mar 94 5361 5390 5280 5Z7J 

5200 Apr 94 5270 

2710MOV94 SJ9J 5420 5)00 S30J 

3710JUM 5465 5460 5360 5363 

37455ta 91 5480 5410 5383 

3800 Dec 94 5520 5560 5430 5440 

4010 Jm9S 5412 

41 65 Mar 95 5(00 5610 5400 BOO 

4140 May 93 5569 

4200 Jul 95 S0O 500 S0O 559J 

4930 Sep 95 9666 

mo Dec « 060 060 060 5720 

Jan 96 060 

ides 24000 Mon'S, scries 32092 

1 open mi 1DVJS2 OH 4579 

rWUM (HMER) sa»nra6-aNKn«rMvK. 

I 33500 Apr 94 39600 39600 39200 39JJ0 

1 2S7O0JU94 39600 394J0 SHOO 39620 

I 36*00009* 39500 397J0 39500 394J0 

) 37680 Jan 95 39700 39700 39500 38690 

I 390J0APT95 397 JO 39900 3*7 JO 39600 

tries NA Mon's.Hrias 1496 
(open ini 19JM up 364 
3 (HOAX) miwo^MeiPelnrB. 

I 3765DMor*4 31539 38100 VU0 
I SUB Apt 94 38U0 38X68 37M0 
May *4 

I 3m* Jun 94 3BU8 38LSQ 38BJ0 

I 341 JO Are *4 3B6JC 38730 38608 

34400 Oct M 38490 38BJ0 38490 

I XUODkH 391 JB 392JQ 20 JO 

3S3J0RBb«5 38UB 3961D 396 HI 

34650 Apr 95 9640 39700 39630 

341 30 JUP 95 
3B0J0AUO95 
410200(395 

JT'JODecVS 42900 4900 C29O0 
MS 37000 Mon's, totes 22.977 

i open tat 1469*4 off 23M 


+230 2J»9 
+ ITS 6168 
4-1J5 6278 
*145 U04 
+ T.9S 1,135 
+105 1,147 
*100 0 


-era 7,486 

— 0.70 ITS 
—475 3X455 
—US 649 
— OJO 7414 
—445 1526 
— 005 1717 
-040 
—ora 

-ora ljn 

—0JD 424 


EsL sates NA Man's, uses 6*0 

Man's open tat 46237 ap 14U 

GERMAN MARK (CMER) luer mark- 1 pep* raids set 

44205 SMNfwW 45*0 4388 0J82B IM 

46133 45607Jun94 45840 4583 45795 0J8U 

460*5 45*00 Sep ** 05818 05834 05785 4090 

45790 araraDecM 05788 

EsLnries NA Man'6 sates 0599 

Mm-socenint 136477 ofl 2390 

JAMUKSEYEN (CMBO ipvw-InMnUiWn 

4009*3ll4 0ll8BOB Mor5WIU»9g048095WI UBM234 B0956g 

ooowmoo887iJun m oooNanoofuraonsTaaamiB 

40099001008M2Set>n 8009A5D40096SD0096354008652 

SJ®9MHnOOM2JDBC*l 4009704 

Esf. sues NA Hoots, sues 26262 

Mon'S open w wjra off 4H 

swiss Franc icnbu iM-rax> ipon+uuabismti 

07195 USDOMarM 0JD11 47011 0093) 46*58 

0J070 OJSn Jun94 071100 47007 44*29 OATS* 

47000 06600 SOP 94 CL7WH 47005 46940 05*80 

Est sales NA Man's, sales 1150 

Mai’s open M 51 JH re 183 


—16119,793 
—isnja 
-16 856 

—16 7* 


-54 44574 

=§^11 


—85 4&721 
— 44 16655 
— 8J 3503 
-42 BJ0 
-41 

—60 4598 


—410 

-3.10 72597 
-xia 

—3-10 3L262 

—410 sen 

-410 6140 

-11012516 
-110 2J05 


Financkd 


IK T. BILLS (CMS!) II MBm - pm who hi. 


9657 

M. 11 Mar *« 

9U1 

96*1 

9*47 

167* 

9615 Jun 94 

962* 

9627 

9614 



95J7 

esra 



95L56DBC9I 

9565 

9545 

9548 

EtL tales 

NA Men’s, sues 

6353 



MonlaaenW 4I.4C Ul 918 
) YR, TREASURY ((SOT) tH6H0 Brin- remnant Mud 
11MS5M9-15 MorMTCfl-ai 109-39 109-03 108-06- II 10680 
m-05 m-M Jun 94109-035 109-01 108-10 108-1A- 305 115589 

110- 1951(17-31 Sep 94 107-21— 70 43* 

EsL scries NA Metre, sates 11550 

Men' s sere Int 3J25S4 afl 2713 

id YR. TREASURY (CBOTI naejMBrtD. bus Qvn of hoik] 

116-09 108-00 MOT 94111-04 111-07 110-03 110-09— 24 166245 

H5-7) MB-19 Jui 94 110-08 IMHO IDMI 109-11- 27 IIUH 

1IM1 109-00 Sep 94109-12 109-14 1S8-15 108-19- 27 2516 

114- 21 108-14 DSC 94 107-31 — 27 77 

111- 47 108-09 Mar 95 10-15- 27 5 

Ed. Hies NA Mows, sates iisjss 

Mon's open Int 279571 up Rjr 

US TREASURY BONOS (CBOT) Uxt+Wrenl-IMM meal 
120-31 90-00 Mar 94 11 7- 14 112-n 110-27 110-31 -111 195516 

119-29 91-06 Jun 94 111-13 111-17 fff-25 W-20 -1 IS 10J0 

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In Ailing Vox 


Page 13 

EUROPE 


Czech ’s Puzzling Absence 

Missing Financier Goads Privatization 


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Jiaon 

BONN — Tune-Warner Inc. and 
CanWest Global Communication 
are dose to buying a 49 percent 
stake in Germany's struggling Vox 
TV channel. Vox sources said on 
Tuesday. 

Bertelsmann AG, which controls 
Vox, said it was in intensive negoti- 
ations with a group of investors. 
Sources at Vox said a deal was 
near. 

An agreement on Vox would 
pave the way for the biggest Ameri- 
can involvement to dale in Germa- 
ny's media sector, which has seen 
an explosion of new publications 
and private television stations since 
government controls were relaxed 
m the 1980s. 

Negotiations appeared to focus 
on how much of Vox's capital 
would be available to the new in- 
vestors and which of Vox’s current 
shareholders would give op or re- 
duce their stakes. 

“A North American investment 
group is seeking a stake of up to 49 
percent, but the Vox investor group 
is not offering that m uc h at tin* 
time,” a Bertelsmann spokesman 

said. “Bert elsmann is not giving 

anything up.” 

A Vox source, on condition of 
anonymity, said, “The decision 
about CanWest and Time- Warner 
will be made next week al the earli- 
est” 

Time- Warner, the world's big- 
gest media conglomerate, is already 
involved in Germany’s all-news N- 
TV channel and in the music-video 
station Viva. 

CanWest Canada’s biggest pri- 
vate television broadcaster, said re- 


cently it aimed to buy a television 
station overseas. 

Bertels m a nn has been seeking 
new partners for Vox since its mam 
investors began bailing out last 
year because of the station's finan- 
cial difficulties. 

The German press has reported 
that since it went on the air in 
January 19 93, Vox’s mix of infor- 
mation and (Tims aimed at young 
people failed to attract a broad 
audience and has led the station to 
the brink of insolvency. 

But in a letter to staff on Tues- 
day, Vox denied such speculation 
and said it was hoping to close a 
deal with new investors soon. “All 
talk of insolvency has no basis in 
fact,” it said. 

Start-up losses totaled 330 mil- 
lion Deutsche marks ($193 million) 
last year, exceeding initial forecasts 
by more than SO million DM. Vox 
expects to break even in 1997. 

Manfred Lahnsiein, Bertels- 
mann's director of dectronic me- 
dia, said one erf Vox’s biggest share- 
holders, the publisher 
Sflddeu tscher Vedag GmbH, had 
put its 20 percent stake up for sale. 

Westdeutsche Landesbank Giro- 
zentrale, Germany’s biggest public- 
ly owned bank, said it would sell ils 
11.8 percent stake in Vox. 

Uwe Krink, a Vox spokesman, 
said the company still hoped to 
double its showing in viewer rat- 
ings, to around 4 percent, by the 
end of the year. 

Weak ratings have scared off ad- 
vertisers, but Vox still expects to 
double its advertising income this 
year, to around ISO millio n DM. 


Bloomberg Business News 

PRAGUE — Viktor Kozeny, the darling of the 
Czech capital markets, has fallen ill, reduced his 
duties ana left the country. 

That is no small matter for the Czech economy. 
Mr. Kozeny's investment-fund holdings represent 
the backbone of the nation's economy, with the 
Czech government about to embark on a second 
wave of suie-assel sales, his absence might influ- 
ence the ownership and management of hundreds 
soon-to-be private companies. 

After soling nearly 1,000 Czech companies 
through a voucher program in 1992-93, the Czech 
government said Monday that 681 companies 
would be sold this year. 

Mr. Kozeny was the subject of critical reports in 
the Czech press this week. Some suggested that the 
police were looking for him for questioning in the 
trial of a former secret police agent and the all gpri 
sale by the agent of state secrets to Mr. Kozeny. 
The authorities would not comment on the reports. 

A colleague of Mr. Kozeny’s in Prague, Petra 
Wenddova. however, said be was overworked, sick 
with the Du and upset by constant attacks in the 
Czech media. So he left in January to recover at an 
undisclosed location abroad on the advice of his 
mother, a doctor in Switzerland. 

“He had some problems with his health," said 
Mrs. Wend el ova, chair man of the board of Har- 
vard Stock Exchange Co., Mr. Kozeny's brokerage 
firm in Prague. 

Mr. Kozeny has long been a magnet for contro- 
versy. 

“There’s always been sort of a veil of nontrans- 
parency in the operations of Harvard Capital,” 
said Alex Angell, a broker with Prague-based 
Wood & Co. “Who's financing it. who’s in control 
Combined with the fact that they’re outside the 
banks, it has given the perception. They're not one 
of us.’" 

There’s little doubt that Mr. Kozeny has played 
a key role in making the Czech voucher program, 
the method by which the government has been 
selling assets to the private sector, popular. 
Through it. Harvard Stock Exchange Co. grew to 
become the largest Czech investment fund inde- 
pendent of a commercial h ank 

Mr. Kozeny got involved with the voucher plan 
just after he returned to the country after 10 years 


in the United States, where, be said, he earned a 
BA in economics at Harvard University. In radio 
and television ads, be promised to pay investors in 
his Harvard Capital & Consulting a 10-fold return 
on their investment within a year. Harvard Univer- 
sity made dear there was no connection. 

Harvard Capital would use vouchers to invest in 
companies bong sold, then issue its own fund 
shares, which h promised to buy back from its 
diems for 10.000 koruna ($330). Hundreds of 


His absence might 
influence the ownership of 
hundreds of soon-to-be 
private companies. 


thousands of Czechs turned over their voucher 
booklets to the concern. 

Harvard's investment strategy earned it board 
sears on two of the nation’s largest banks, Komeimi 
Banka and Ces ka Sp oritdna; the leading Czech 
power company CEZ; the Slovak sled manufactur- 
er VSZ; and the Czech brewery PUzenske Hvovary. 
maker of Pilsner UiquetL 

According to Mrs. Wendelova. Harvard's six 
funds, which are traded on the over-the-counter 
RM System and on the Prague Stock Exchange, 
have the highest net-asset value of any in the 
country, more than $1 trillion. 

What was not known until recently was Mr. 
Kozeny's changed leadership role at Harvard. Last 
year, Mr. Kozeny asked to be relieved of his 
chairmanship “mainly for practical reasons,” Mrs. 
Wenddova said. The change was not made official 
until January, she said, helping explain the recent 
surge of press reports that he had been replaced at 
Harvard Capital 

Now Mr. Kozeny is supposed to become presi- 
dent of a supervisory executive board that would 
oversee all of Harvard’s companies, Mrs. Wende- 
lova said. She said he still acts as president of 
Harvard Capital and is involved in important 
decisions. 


U.K. Looks at Bank Risk in Loans to Hedge Funds 


vrr:. 

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Bloomberg Business News 

LONDON — The Bank of Eng- 
land is investigating lending by 
British banks to hedge funds fol- 
lowing the sefl-off in the European 
band maritet last month, a spokes- 
man for the central bank «nd. 

Other European central bank of- 
ficials said hedge funds merited 
scrutiny. With many such funds 
relying on banks for short-texm fi- 
nancing, central bankets are con- 
coned the hundreds of million of 
dollars of losses some of these 


funds suffered in recent weeks will 
be felt by the lenders. 

Hedge funds, which are private 
partnerships, use options, futures 
and other derivative products to 
take highly leveraged znultibillion- 
dollar positions in financial mar- 
kets. 

Hie Bank of England is survey- 
ing British banks about their lend- 
ing to such funds as part of a “a 
fairly long-term study of banks’ ex- 
posure to derivatives.” said the 
bank Sp okesman , Chris Bailey. 

By using derivatives to leverage 
investments, hedge funds pay less 


cash up front than when they buy 
stocks and bonds. 

“This is a rapidly growing mar- 
ket, and banks have exposure to it 
as part of their business,” Mr. Bai- 
ley said. “As banking supervisors, 
we are interested in anything banks 
have exposure to." 

Central bankers at the Bank of 
En gland, the Bundesbank and the 
Federal Reserve Board have said 
futures, options and other deriva- 
tives undermine banks’ stability. 
Derivatives’ prices are based of 
those of underlying securities such 
as stocks and bonds. 


Central banks are most con- 
cerned about systemic risk, where 
the failure one party in a transac- 
tion tri^ers a series (tf bank failures. 

Officials at Germany’s Bundes- 
bank said hedge funds deserved 
scrutiny even though these funds 
are not based in Germany. 
Manfred K&rber. a Bundesbank 
spokesman. 

Hedge funds, largely from die 
United States, began unloading 
European bonds and bond futures 
after the Fed pushed U3. interest 
rates higher on Feb. 4 The higher 
rates drove up European bond 


yields and sent equities into a tail- 
spin. 

Officials at the Bank of En gland 
started to express concern about 
hedge funds when European finan- 
cial markets began to tumble in 
February. 

“The challenge is not one of in- 
vestor protection, since the inves- 
tors have deliberately chosen not to 
be protected, but rather to seek as 
far as possible to ensure that the 
risks to the mam supervised market 
participants are reasonable,” said 
Ian Plenderidth, a Bank of Eng- 
land director. 


Elf Pressed 
On German 
Refinery 

Reuim 

BERLIN —A German political 
leader pressed Elf Aquitaine on 
Tuesday to honor its pledge to build 
an dl refinery in eastern Germany. 

Christoph Bergner, the state pre- 
mier of Saxony- Anhalt, said the re- 
finery. whose estimated cost is 45 
billion Deutsche marks (S3 billion) 
and planned for Leuna, was vital for 
the survival of the chemical industiy 
in eastern Germany. 

Mr. Bergner said on radio that the 
situation in the region, already hit 
by thousands of layoffs following 
German unity, was dramatic and 
there was no way Of could be al- 
lowed to back out of its investment. 

Elf Aquitaine wants to reduce its 
two-thirds stake in a consortium 
building the refinery at Leuna to 30 
to 40 percent as pan of a revision of 
its investment plans in connection 
with its own privatization. 

The min oniy partner in the con- 
sortium, Thyssen Handdsunion of 
Germany, refuses to increase its 
one-third stake. 

“There will be further talks 
aimed at finding a solution within 
the next few days,” a spokesman 
for Thyssen said. “There will be 
new proposals put forth to the 
Treuhand,” the privatization agen- 
cy. Meanwhile, the agency itself 
declined to comment on reports 
that it was boldine taliw with Brit- 
ish Petroleum PLC about its taking 
a stake in the refinery. 

German officials said BP had ex- 
pressed interest in the Leuna refin- 
ery in 1 992. But Chancellor Helmut 
Kohl at the urging of President 
Francois Mitterrand, was reported 
to have intervened on behalf of Elf. 

Under the 1992 deal the biggest 
French-German venture since 
World War II, the consortium 
agreed to buy the Mind chain of 
gas stations and a chemical plant as 
wdl as to build the refinery. 

Mr. Bergner said if Elf reneged 
on the deal the Treuhand should 
reclaim the Minol stations. 

The refinery was due to have 
annual capacity of 10 milli on tOUS 
and to start operating in 1996, sup- 
plying products to companies in a 
region that was once the center of 
Communist East Germany’s chem- 
ical industiy. 

Economics Minister Gunter 
Rexrodt said Elf could not be re- 
leased from its obligations and the 
chancellery minis ter, Friedrich 
Bohl said Elfs reputation would 
suffer if it did not stick to the 
contract. 

Treuhand said reneging mi the 
contract would trigger penalty 
Hanses of around 1.5 billion DM. 


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Sourves: Routers, AFP Imenmaonal Herald Tribune 


Very briefly: 

• The Bank of Spain hired Salomon Brothers Inc. as a consultant in the 
planned sale of new stock in Banco EspaOd de Cr&lito SA. the troubled 
bank whose senior management was fired by the Spanish central bank in 
December. 

• Deckel Maho AG, the troubled German machine-tool maker, will 
devalue its equity by half and obtain new equity and credit; the company 
also is negotiating the possible closure of one of its factories. 

• Goates LoriDeux. the inks subsidiary of Total SA, the French oil 
company, increased its stake in Coates of India Co. to 51 percent from 40 
percent 

• Nokia Group, the F innish telecommunications company, earned 1.1 
billion markka,! ($198 million) before taxes in 1993, reversing from a loss 
of 158 milli on mar kkas in 1992. 

• Abbey National PLC the British financial services group, earned a 
record £704 million (SI billion) before taxes in 1993 and plans to 
substantially increase its dividend. 

• Hungary was offered its first all-color tabloid-style daily newspaper 
Tuesday with the appearance of Bfikk, which is published by Ringjter AG, 
the Swiss publishing company, and Gannett International 

Bloomberg, AFP, AP. Reuters 


German Labor Strife Worsens 


Reuters 

FRANKFURT — German pub- 
lic-sector workers stepped up a na- 
tionwide protest campaign of dis- 
ruption on Tuesday, and separately 
the 1G Metall engineering union 
said it was confident of securing 
backing for a full strike next week. 

In both sectors, workers are an- 
gry about management calls for a 
wage freeze and benefit cuts in a 
time of recession. 

The public-sector protests, in- 
volving about 150,000 employees, 


hit transport systems, hospitals, 
kindergartens and garbage collec- 
tion in major cities m Eastern and 
Western Germany. 

In Berlin, 100,000 workers walked 
off the job. Train and bus drivers 
stopped their vehicles for two hours 
during tbe morning rush hour. 

JOrgen Peters, head of the IG 
Metall union in the north German 
state of Lower Saxony, said he was 
confident a ballot of 100.000 metal 
workers this week would over- 
whelmingly support a strike. 


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Page 14 









































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INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 




Page 15 


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far huBneafleesre. 400 acre mbs from 
USSTdUna InxngraiaA/ftnnaol mfa. 
WVta BO. Bax ttVgo, ft 34649. 
TefeSl 3-5448118 fa*813-545-1397 USA 


OSTIJCH OWNERSHIP (The other red 
meat + fade & fedhen). let in 
introdiice you la 6 m praniar agri- 
HMnhnent of die Wi Birds ve 
mxo4 and nsinjBJ on a Tessas 
roneh. te fcn f returns expected. Cal 
817/5958509 USA (24 hoJSTuo* 
Td, ond ha rwrtov 

SET UP A TRUST OR INCORPORATE 
OFF5HORE. Manage Afiass Pmotdy, 
top; free. Offshore Corporatiom 


cenees. GM. 2 PeriUeou, V< 
Aden 16671, Greece. Fax I 


RNANOAL BOARD wda eetorerdfai/ 
colderof homes/ othen warfcng «eth 
FBNs, PBGs & adter financed msnv- 
menti. Cefl/Fox 2I2-348-57Z7 USA 

RUSSIAN IMTOHB USI5 hi 2nd 
year, updated each 6 months. Ami- 
able by product category. Fax boge 



irxjwTry-iT 



Serviced Offices 
Europe Directory 


Atte ntion Business travdlm 

LHXffiwmjomcB 
DMECIORY EUROPE 
bpatffhcdSnt 
Wednesday of eoch north 

KEB>nx*COfrfOK 

BlTUKtaaSI 


YOUR OFHCE IN PARIS 

Fitly awed and serviced offices 1 
aveflobto an daSy wwAJy or mortHy i 
basis. Private car pork. Secretarial and 
psnonafaed telephone services. 

YOUR ADDRESS ssrn OPERA ltf dan 
kumess address, Fax/ phone number 

BUBO CUJB FRANCE MADBSNE 
Td 33-1-44 51 BOBO Fax 33-1 44 SI 80 81 


YOUR OFHCE M PARIS 

is ready when yaanead i, 

_ .even for a cocpte of bouts. 


YOUR OFHCE IN 

DtiSSELDORF 

Comdrtdyegupped office 
w4h fufl service. Gennany 
Tel (+49T21 1-59 1599 
Fax. [+4W-211J9 1240 


YOUR MUNICH OFHCE 

■ damide otUass end admnpration 

■ taedd support sennas 

■ RAr equippad offices 

Tok (Wffta 039, Fox [99J361 7094 


YOUR ADDRESS W PARS 17W 
With Sdephone and seaetariof 


“MAGNETEBT ■ SUPS PRODUCT 
Tochnofogicof brerAthrough xi fuel 
mnrerohon end waMr tredreent. 
Saves pesrol it an and reduces 
harmful extoust emstoms. Abo softens 
water and dmerfas buidup ei pipes. No 
aMng off pipes, no dteoate used 
Spasming resdenfid to utoustrid 
Btorteh. Guaranteed to work. Proven 
retdts. Rewdna satefyng and 
iterative busness. Ditributan wricomo: 

Tek 718/B468429, 


EARN 

HUGE PROFITS! 

New tefecoammcnStom produd. 
Ctanbufors needed. 

Tab (305) 491-7200 USA 


NEW ZEALAND CORPORATION 
operating Xigong province. Gtna re- 
qmres imemcdioral partners/ agents for 
technology transfers, ions vetSunas, fi- 
nance, produd development /ntmutbe- 
i we, mtoorts/ exports, and aB xxtatkJ 


TelxPiwuuiL Saw 70% on yair infer- 
•wtond a*. 40% cheeper them AT&T 
or MQ artk. Unmafale. Not oriy 
tog saving but it can be unlmttd 

ream opportunity it you dennfcute to 

oteer peodb. For detaled mfa send 
fax: +^TlB582S7 

FOCBGN CONNECTIONS S60QM debt 
free US conrony looking for busnen 
leoders with conods iopan, Mexico, 
Aussrofia & Canada to estdiUi aw- 
seas market, Large profit patented. 
Cad USA 900-497-5110 Fac ^12243 
B038 USA 

fHANQAL 6 TRADMG CO. buys o| 
a tnxnor i lie s avaiktie & oxtenaes & 
seeks some burl kgs, sstn, fodoms. 
axapones, hoteh» mods, freighten, 
We ore aba kroktog far endurae 
oommerKol agents, worldwide, toah 
profirs far, fare W-l) 4277 4856. 

SUCCESSFUL UJ. HUM SEEKS 
agents So market unique apportmily 
n various couelneL S500K yearly 
potenticl KvninaL Mnimum investment 
SlMC US. ForiefiomaxM col USA 
8133833068 or Fax. 813388-1390. 


TRANSLATIONS 


m , v,7 ; < ?yr57 r/ hr-M 


fVodudi and Servioei Located. 
Beilnen nr IMvde 
Fore Emel [UK] +44 282 425995 


T«L (T) <380 2625 | 

iuSMES SOVKE BREMEN Your key 
to the European Marker. rearesetYa- 
tiw fax your produas, 1st asss moA- 
drop & business odUras. D-28213 
BremeaSchwachh. BnalW. Tek +49 
421 213073 fax +49 fa 213074 
YOUR OFHCE IN STOCKHOLM 
Begaifiy furnished offices and mnel- 
ing rooms. Teiephoae msM«mg sar- 
woes and seoetorid services. Tek 
+4^8-985016 or fax +46»985008. 
CONTACT HKOPE AMSIBHMM. 
Fronsdond Office Support far peaph 
an the maw. Mcdm/Telephone/fax 
services. Mofings, btwkd iu i o , etc. Tek 
+ 31 20 6847777 Fra 688137<- 
YOUR OFHCE M MINCH, ccxnpcxiy 
fisnsunkm iiwnSume, affira dmois- 
trakon service, dnnade address, leie- 


• FtJhr fuasond modan afee* 

and confema roams to rote by dw 
hour, day, month, etc 

• Your toc«4 or perma n ent base 

• prestige maing adrfresi AB Hrviass 

BBE •••* 

91, Fg St-fkaaere 75008 PARS 
- Tel fl) 44713636. Fox P] 42iAI5dO 


YOUR OFHCE IN 
HAMBURG/ GOMANY 

Our services: 

-• My equipped office 
. - Short or long tom 

- Conference-room 

- Telephone service 

- Telcx/Fctwnde service 

- Seqe to rid senricu in Enafah/French 

— 1 ■ **-- SO- JJ. "« -J ■ 

“■nmvite - 1 looms masBacMr 

Eppencfcxfrr Ww 234, 20251 Hcxnbag 
TeL +49AWZ2.4A73 
Fax +494L422.44J3 


_ .Your corporate dontide 
in Gennany 

DOmeMarf and Moaldi 
moina uiid i nh phone era fax serwee, 
office roans. B & S Condor, TH_- 
+49-211-178620 FAX +49-211-362441 


ANNOUNCEMENTS 


VBOIA. AUSTRIA. Tab 713-3374. 
Ate you tell or wrietB lonely or 
- depressed? Are yaj deepairirq or »»- 
cxW? h helps to frdk about i Phone 
BffHENDEftS in total axifrience. 
, Mon.-FH 9; 30 ant - 1 pm ond awry 

. day 630 pm • 10 cm. 

■ A USOHCm ANO NYMOUS^ fagS? 
, Sf46^ Sttoor ftS^E 67B 0320 or 


n J 46 34 59 65 or ROfiffi 67B 0320 or 

FRANKHW 9574265. 

BtfOW. The fe> ra teWr ab. 

Lrwgest setodian in Swte e dand at i 
, Wa^BSG the learfing men's store. 

MOVING 


^MTERDEAN 

FOR A FREE ESTIMATE CALI 

PAHS (1) 39201400 

HMWSMA tod A Mdfam nw«i 
bcnaaae, can worldwido. Cci Ctorfe 
42 81 18 81 |naar Operof. 


REAL ESTATE 
FOR SALE 

FRENCH RIVIERA 

CANtB-CROtSBTE 
FACB4G SOUTH & SEA 
5 BOOMS, 180 SQM. 

" AU. COMFORTS + OUTBUILDINGS 
MARINA TRANSACTIONS. 

Tek (33) 93 22 55 22 

PAMS A SUBURBS" j 


arentnodAei trading, iakative offer, 
25 mifcn M/T Porvand cenurt, USSQ 
FOB. 2000m 187 isotope asmum, US- 
S64J)00/g. Hean reamer i ntere s t s to: 
Fax: +64*505058 


HANDY. The Active 


BUSINESS SERVICES 


nc 

COMPLETE 

CJFHCE 

senna 


Acc o mmod a tion address, phone & fax 
Mai hm&ng and fmvnnfing, 
SecnfDld m«l r »ir» 

Agendas, Travel ScherUei, Meehngi. 

PxMfWWWl Hifauiti I J U m Jf CEP DJ^n— . 

aagtm /vvanyrasion a cn. wjnonv 

TUb 32-2-378 0720 Fax 378 0704 

HBE TO DOE SHOPPING SatVKZ 
Wait senethng sent from here to 
there? Shoppra for general mer- 
dtonckse done for you it du US. Rxc 
your order and we wR purchase it far i 
you at the bed price rwaiehle and j 
stop it bock to you. Mtrdarfcf. 
frsxgh aid hadng ant be pad in I 
odvonce. Fisc 216461-5595 TeL 216- , 
661-8700 USA. I 

EXPANDING TO ROMAMAT Masters | 
ei Bednad Byneerug 20 yean 
experience.. 15 in USA. Represent 
cninpni Bex in this area Hucrt in 
Entpdi and Bomanian home FrendiL 
Ffabe write te P.O. Box 202# 
Btoamnaion, MN 55420 USA. 




A WNNBt Seardtingfor A WMNER 
(Xuribidort until a WNNSts record 
wB eryoy seling this new cover, 
bio more hat or ookJ whaeli. 
Extraordinary grip. And much more. 


Consoab Mr. xdddn, Ex port M onoanr , 
ADIT Cm. US. fo»T5l 2-221X00 
Israel fan 97336917348. 


OFFSHORE LID’S 


phone, fax mid mere Tek +49 (89) 

123 91 912 Fax 123 91 582 | 

YOUR OFHCE is MONTRBJX SWTT- 
2B1AND. R** free during a 3 moteh 
tori period. CCWPTAHUft MT SA, 
or. Caano 33, 1820 Motereux. Fmt 

{141-311 M3 23 18. - 

RAMOUtr - 1W RffBKT YOW 
compony, office spam axJ full office 
serum owUibi B. Hopp Gud I, Tek 


1820 Monfrauto Fate 


YOUR ADDRESS near Chon Bract 
LSF. tonra 1957) 5 roe cf Artois 75008 
Pcxis-Td H) 4359 47TM Fax 4256 2835 
WSSBDORF AKA/tUHR AHA 
Yov office n the heart ef Germony. 
Heme col TeL -+49-201-79900. 

YOUR. OFHCE IN STUTTGART. Office^, | 
i Hp ct ng rDom. phono tnMT StfVtti 

Tek (+49) 711-273511, Fax 247348 


YOUR' omCE M LONDON 70p per 
day. Mod, Phone, Tm. Tlte ol Mrvka. 
Tek 71 « 0766, fan 71 580 3729. 


AFPIETONS 

Tek 44 81 741 1224 
Fax 44 81 748 6558 


•BAX OPTION MARKET* 
Invert as option 1 shores on in 
DTD Frankfurt We provide you will 
yaer owe btadr oomsml fa tax fima 
wn. Abratote e emrRy 8 xesecy. 
Mfafamoi fciseefaieut DM 25,000. 
Bah* R. WoBF, 5A V JL GmbH 
Moonartr 3A 45131 fisiea 
BED. fipcOCW 201 8719200 


OGARETIES, US-MADE, avafafah far 
i wu mdei u te defivery to serious port- 
■ nan only. Fax +41 223400200. 

WE SRI GOOD SE00MXMM) TIB 
for vdsdes. Pfaose write tor Bax 3529, 
UiT, 92521 Nmrty Cedes. Franoe. 



Prag u e, 68 Ax- 


ja r 1 rx ~~ r Trw T T T^TrjTT7~: 
^3rvi: •:r, r -; i n-' risrr 


CAPITAL AVAILABLE 



tensive experience - proieeb world 
wife. SALTO Fax: US 310W4679. 
MbBtAL Resource Co seeks mfefrw| 
pro b obb or proven reserves si SE 
Asia or sooth America. Wan* 

US510M in aasd fax B31 62067865 
SOUTHERN SPAN. Odra fan impprl 
atatoixiy. Ettobfithed 19V. Over 2000 
fists in stock. 14,500000 PnsetaL Fat 
34-52-523485 Tet 34-52-522725. 


PROJECT FMANCE AVARABU 

E u ropean Venture CopM Group seek 
said projects (dart up/enxnuon) whe 
we nny ortas feed invertor. 
Criteria US$1 to 30 mfian. 

No red akXe. 

Pi men Mtsi y awnl mrd 

Afl omraoches titetad m sfaidert 
confidenoB. Brokers welcome. 
Fan (32-2) 375 91 06 


INTERNATIONAL CLASSIFIED 


I PLACE YWDOMI owner s*, ml 
I luxurious erar t m enc Telephone nxfa 
i [11 <2 61 94 98. 

SVHKMAND 


□ UKEGBEHt 

hmhh leans 




USA RESIDENTIAL 


paris ABsmrs owiss 

Lrt us ml out vox uustamii when 
ywre gone, «w wakh over iL We 
sp e sirtii e in short term prestige renfafc, 
nr iwtan to Paris. No fee. 


PISR 





BOATS/YACHTS 


FOR SAUL Pas 
70m x 11 -5m, 


■r hold ri verbo rt , ! 
largo double cab- 



EMPLOYMENT 

GENERAL POSITIONS 
AVAILABLE 



REAL ESTATE 
TO RENT/SHARE 

GREAT BRITAIN 




HOLLAND 

AMSTERDAM CB4TBL JwMjad 1 

tt + SS8Snli. l SBSSt 

MONACO 


70s, [near limfided 2 hynahed & hdy 

|i|Uurnwg i bhtobiwhidi»iwb 
overiooiing private Ptedae, 52 sun. 
(2) TasJjr rooovatod duptar, orws 
rtwfio, prfvtee entnxtee, wr* of gkai 
& merer, 1 bedroom + extra office 
or deepen room, modea bathroexn, 
60 iqja. n^OO/morth each, or 
S2J000. Short term $lD0/nirf* [min 1 
week). Cofl Marianne Maafendd, 
owner B3-1) 4525709 AFTBNOQfC 


FLATOTH. 

HHELTCMfSOR _ 
EXPO PORTE DEVBSAUB 
From rtudfas to Biroroom de kaa. 
Daily, weekly or mon«y. 
free dwrte service to 
EurocEswy-Lond 
Csdb 0SJS45 345 TaB firoa 
■r (33-11 45 7S 63 20 


74 CHAMPS BYSGES 





GENERAL POSmONS 
WANTED 


SWISS OBOIBNAN j43j 
seels msermtiig position xi me 
Tourist Trade, I lotel wshms, Ufa 
ormlMindi Asdsfemt/Secjetary 
to MmduoJ or fomiy. 
12ymn exp erience ei touro*. 

B years as PA MuHngual 


references. OAxed end mdrpomlete. 
VMdefy trovehd wrti strong pertoncity. 
organizer. 

Gan refeatfe ana free to travel 
Please send Fax tm + 41 93356962, 


Ms, TRIANGLE D« 

Rue Fratuis let, 80 KfA. 

4* Boor, prxkmg. , 
Ititil, TROCMBKl top f&r dwfat 
180 stun. + 95 sqm terrace, palang. 
^ IdtiuPASSY 
7lh fikttx.llO sam. Sving spam, 
fth top Hear l» sqm jwrare 
W1^7S37991F«a4S5S«71 


ON SQUARE OF 

ST GERMAIN DBS FRB 

■ aa;asim_ 
■#sLsanyfl» 

5D2Dorftiic (1)45 65 20 80. 


MONTE CARLO 

NBIQKU PALACE. For renl.mkBf 
ury burtefasg witii swxnraeig pod. From 
2 to 8 room oportmetm, m tm* 
Honed, pertng space & eeflor. 

AAGEDI 

Td 33-92 145959 f«c 33-9350 1942 j 
PARK AREA FURNl^^^ 

AG0KE CHAMPS B.YSB 

enecxdisto in funxshed apartments, 
nxfrMtxm, 3 months and more . 

Tet (1)42253225 

ftdfl)456337<» 


FOR 1 WEEK OR MORE high dm 
OkEol 2 or 3-room gaprtmerfs. FlUY 
raSra). WMHjUrERBBfVAnoNS 
Tek (1)44 13 33 33 


1AMY. 75116 PARIS 

5 Are Rare ler de Scrba 
Tel 1-40 70 18 84 or 1-47 23 53 U 
Smt aid long Tam Sartob 



me. lert u u irt . ksum, bar, ram- 
ming pool ** dedt, 2 Cumm en- 
uines 500 HP, 2 Gunmins geswakxs, 
2 Schottel txcpefcci. Gai mx wdier 
Uqyd dcBa fi c m on. Tek faypl 202- 
3406945 or My 3SMK43 ISJW 

LEGAL SERVICES 

INVESTORS You can obtain a 
pennaMnSrerident Ariui in Gmiado 
wrtnut ohfigrtion, oemrefina to go*- 
emment p i uuui in. Muxmum nnete 
(350,000. ContotenriaSty raoMd 
Caifl. Bbnuth, AtaitreaL Hteos (514) 
8759694. Fm BM) 8750579. 

2ND TRAVR DOGIMHUS, tegd. in- 
expansive. Free data* from TSA, Bax 
7&, Dana Point, CA 92629. Tek 714- 
647-2476 or fax, 71+496^567 USA. 

DIVORCE FAST. 529500- P.Q Bax 
B04Q, Ardteta, CA 92902 CdUfm 
(7H)96S-869SUSA. 

LOW COOT FUGHTS 


ACCESS VOYAGE5 , 

One Ww Rerad Trip 
New York HW F1995 

London RS00 f72> 

& 450 more destinaiara roauiid world 
on 40 dfleras* scheduled cornea 

Tek l-40*umOT D « ,, l3S^1.46.94 
Fax: 1-45 08 83 35 
MinM: 3615 ACCESSVOTAGE 
A rue Hem UsaoL 75001 Proa 
Metes - BBCMrtel las Hatiei 
(Lie. 175.11 l)-rad dm 

ACCESS M LYONS 
Tet 11617863 47 77 { 

Book now by phaM wife arodb ani 


EDUCATIONAL 
POSmONS AVAILABLE 




NHJILY. Spadous 4 Berk 
low recqttion, 2 Bdta. 

Hfah ctings. Newly redone. Sumy. 
rrtM7 5380 13. Fax 45 51 75 77 


automobile market 


kakrtfa H T L to 

tertee care_ 

Attrod EsdiwSJroOl 10 
CH-afiTTZiXtrti „ 
Tbc 815815 Foe Olflffl 7BM 
TlU 014702 76 10 
njw TAX-FREE mod 
ALL LEADWG MAKES 


lanesretste up to 5 y*®*L 
Weet ? orogt S ta_M«*®V 


■ AIJTOS TAX FREE _ 

'BHJ OPBT RAONG W0»WA* 




JSSSfjE 

SmtajSRllI Fuxl-201 -3278222 


AIK WOaWKTAX^^®, 

rjntwhrt, Bd««L r Pborifc 

S' MHO® Tetec= JT^T Jm H 

ayi09. ATX, anm 19S9 r 

automobiles 

jhdandihdvmoh 

EXAMPLE: 11*500 

SSSSaKWB«gUE g® 

SiSBHSSffi is 

m> 1(AAVE “ 

PARIS ARE 





AVIATION 

Two Boeing 7D7i 323* 

IE PAX 
Fire Blocked, 

Hush Kite, 

$25 Mtton Each 
A8CO 

Ca8 Whitsy Vantsy 
IrtwAiier 7137877-6760 
FAlt 713/ 


^713/ 877-7260 USA 


YOU SAW UBS AD. 


So did nearly half 
3 million potential 
real esiaLe buyers vrorldwide 
Shouldn't you advertise 
your property in the 

INTERNATIONAL 
HERALD TRIBUNE? 



PARIS AREA UNRiRNISHEP 

SPKTACULAR V1W 'tm Tufcrire 
from the louvre fa SM Tower, 320 
sam, perfect comfitkxv S becksws, 
FxJbu + "rgxie". AvoAife Apri 
IttNacrant&fc l-fi a 8015. 


SPECIAL HEADING 

MARCH 11, 1994 

To place your classified ad or for more information; 

Contact the IHT in PARIS 
TeL* C33-1) 46 37 93 85 * Fax.* (33-1) 46 37 93 70 
OR YOUR LOCAL I.H.T. OFFICE 
OR REPRESENTATIVE 


VENTURE CAPITAL 

(SSSMrad up front Principal 
Sfrnfahtrawjtyand/or 
eqtrify/ defat mmbas far 
rtartaipi - expomfan - devefapmeni 

AVATLABUE FROM iANUARY 1994 
FOR ANY WORIHWKU VB4IUBE 

We am die ixovide loon farafe ea 
good ferns vrife nsfamsum samrisy 
fareogh prhnrtt TrhL 

forward Project ouii&e 

NOW TO 

WVSTMBff SUISSE SJL 

Bobnhotomsu 86 ETAGE 5 
Zurich 8001 Swit-erknl 


CONFIRMABLE DRAFTS 
BACKS BY CASH 

• issued m Yeur Name 

• Ganfjrmed by Moor M l Bonks 
to Prove Aiaiabuy of Funds 

• Backed by Private hv-EBan 

CAPITAL SUPPORT COUP. ; 

Ui <714) 757-1070 Fax 757-1270 


FUNDS AVAILABLE 

^ Frora banks and arnaSe 
mvestort fat aD hnaDcmgi 
letter of crecil, xtvoxe 
dneourx. bank guaranSee- 
Inludiufeon by Tax 
(32-2) 534 02 77 Brtpum 
Tefex; 20277 


LEAH4THE FACTS 

dsout Clean Standby Lertert of Credit. 
An Irae s tment Oppartuney} Whyl Lead 
Penpacfriei EdSoix Books vS mra 


BUSOCSS 8 CORPORATE LOANS, 
CnretnxXon Loans, Fmanaai Goaran- 
lecs. Letters of Credo, Venture CapftX 
Guarartecv & other Credt Enhance- 
mem awrtabfe Contact: hneph C 
Adamato, hFl Rnanoer. Bn 1372, 
Syrocute, New York 13201 USA. Tek 
I31S) 475532ft faL 0151 4755321. 

IMMEDIATE t UNUMIIB) 


PROJECT FUKUNG i VBJTUBE 
CA PITAL fro m US SS00J00 apwetfa. 
no nxsaraum. Scm - fa lc rotes, senrtde 
fees. Airto Americon Ventures. Phase 
FAX 44 g?4 30)377. 

FOR EQUITY CAPITAL ad Bum 
finance coroad ICS teountanb Tel f 
h* 44345348668 or KtSLQXXO. 

FINANCIAL SERVICES 


ARTHUR E. ANDBSON INC 
WORLDWIDE FINANCING 

■ VerXura Casxtal 

• Conuerad Real Estate 
"Biotnen Loans 

* Funds first Troraortiani 

BSOKSSWaCOME 

1 Png Haama u lwid Ptew 
NcwYork. NY 10017 USA 
Tek (212) 702-4862 Fbt [212) 702-4863 


PRIME BANK 
GUARANTEES 

Venture Copdd Bu&ntss tiranre 
Red fatale lone Term finance 
and Fmenod Guarantees 

AD Types d fWds 

No Carrainoa UrU Funded 

n .i a — -* 

onwi i7ow*o 

mBMATIVE 

Needed n aa as Lascn far ta 
in fee sneessna cf these 


CURRB4CY EXCHANGE 

Trade your "restaaesTor 'soh' 
urreneyfar currency of your chniodl 


i INVEST M HAWAII, led Estate 
Development Gorporcmn has on 
unuwaf x w esteem opportunity with 
favorable returns. Audfabie nma ate 
1-2-3 yean. $20 £00 minimum. Cal 24 
ha Tek 80M6M3730 fee 808469- 
1228 USA. 

GOLD& CURRENCIES 


ST BUYING GOLD: 

■UP non idled, it powder. 
L ltn/ fibraem fro^netitv eic- 
V7 Ali quartan, mcke offers 
v by fax (32-2) 534 11 S3 
firtcrutoTeks: 20277 


currency far Cyereney of yw choioS 
We imite xxywws from 
fionta, Cwpororiorn 
Attorneys, Accountants, 

Tran & Pwcw fedhndvcb. 

r * — fj -.j,. .Til'll n - -- - — J 

lUK Xln HUWT KcSpKFOUi 

Td 5W-866-56W Fox 3H866SS9S USA 


Fieae rebfe n Endnh 
VH4TUK CAPITAL COBSjUAMTS 
bnrataneat Bcmkan 
16311 VratoraBhriL, Suite 999 
Endna, CaBcvnia 91436 U-SJL 
Tefex; 651385 V«» ISA 
Fax No-: 1818) 905-lMt 
TeL: (SIB) 789-0422 


RJMWG PROBLEMS ? 

Ventura Gxitrt - Ecjaly Una 
RedSrfe - Bwrass 
Frandng - long Term 
Prime Bonk Gixxontees 

Financxd ouorenkes to secure fencing 
far vraoie protects cxrcmgad by 

Bancor of Asia 

Coramson earned only upon Fencing. 
Broker t Commission Aaured 
Fax (63-2) 810-9284 
Tek (63-2) 810-2570 or 812-3429 



f PURCHASE & SALE 

of esrrenoes. UarmXion 
Lrv fax (32-2) 534 16 58 
fdgiun. Telex 20277 


FDR SALE GOLD. 9991 li tons or 

mere. Price negatiafafe. For offer send 
fin Rudrrxtd Oi aid Trodna Ca Ltd. 
+3580685 1871. 

CONSULTANTS 


ATTENTION EXECUTIVES 

flufafisfa jwtir humnan ure w wB * 
fa fa« fatal artfarad HtraU 
Trfbm hs wh e re mar* fares ° 
third of a miffriw t roadnn 
wor ld wide mart rf wham ora 
fa hux fan re and fadurty, wit 
road i Jut Mfa* trt /W* 
6735951 bafar* 10 om., 
tatvrin a th at < * * ca n tata* y*" 
back iafScatm which atafar 
a*& and yaa waft to chape 
It la, Iha number and 
expiration data, and j roar 
amtes* can appear wmn 49 
ham. flea** cha htdade your 
a ddtttt and telephone 
number far our Rte. 


TAX SERVICES 


TAX TIME AGAIN? Qualified 
n xi whcw offers Mfxfats tenxcc of 
axroearw rates to U5 expats r. 
Scotland and Northern England. Ca9 
Afanar Stack ex farad A Farmers an 
Q31-22M805 for pcnpnd onqthoa 

SERVICED OFFICES 


Coped avtxtofafe far 
ALL bans proieas! 
MW Ui 52 nJjnotnax. 
(717)397-7777 (US VOICE) 
[717) 3977490 [Ui FAX) 


SfflONG CAPITAL? 

Seprarsfa The STEALS 
From the DEALS 

Cus through the art of xvdde es en with 
“rfo vow lawyer or occourocn can't 
compde. Don't lose a depost or pay an 
option fee watnr; ortfang <a fmt: 

Commerdd fhfaUxy Cera. 
Tek30M359447 Frec3C6-9^.14aTlJSA 


Haondd G v eai hu & Fundra 
Opportunities. We provide cam 
■utruscsta A Insurance Guarantees as 
Otde Mw t w t rt for loan. SIM 
minimum. Tet 407-4839096 Foe 407- 

488-2664 USA. 

RJMJS AVA&ABlf aaxut tradedsle 
cc&terrf. TdedteneLBCOT 930 6776 
fax 071 930 65 a 

FINANCIAL 

INVESTMENTS 


PROJECT FMANCE 
VBOIME CAPITAL 
A ratable frure 
One m&on Ui Dction pka 
rtpormert term Three to Ten rears. 
TeL NT. + 5995-43453/43667 
ftwINT. + 5995-43449 
(ST. MAARTEN) 


NVESTOR5 WANTED - USA NY 
nelraFsrty seaxed. Mm. mvertment I 
SjDOIXa Fori detoh CA 201-2Z7- , 
6728 os Fac 201-227-4854. I 


COMMERCJAL & INVESTMENT PROPERTIES 


SALES 

MVErtMENT OPPORTUNITY 47 tooti 
hotel in fee heart of Mania urth pod, 
bar, rertawan end roof lop cawt- 
Ue to 4fe floor of roams. Buh 1990 
wife abort 8 yean on lease left wife 
option for 12 more. If mlerested con- 
tact A. Booth. Baddamere Reaby, 
Dona Mercedes Eldg.. 584 Sat And- 
ie», Marta. H ikoc ii re 

CHAMPS aYSSS 500 SOM. 

ETDflE 190 SOM. 

BOURSE 2JMO SOM. DNBIKE 
ACHARO farisfl) 47 23 31 51 



CENTRAL LONDON NW1. Freehold 
fertan lestaurart, sandwich bar & 2 
bed ax y ttnen t Tumorer £300^00 pa 
at 65% gross profit. £425.000. 

Tek UK 71 $0 065/T 

MADRID, 2 mo^xficert txkcrrrt offices 
far rent, in presrigam orea. 358 sqjn 
rad 718 sqm Tet3i-U117B22. Fan 
34 1 561834. Mono Gongfax. 

RENTALS 


PARIS - CHAMPS ELYSEES 

237 scan, offices, prestigious coaxnerbo 
odaren far kfle mrt iond conaony. 

TOP Q/SS BUILDPiG 
GAI Tek 133-1) 48 74 07 25 
fax (33-1 >48 78 30 77 


ETOttE 600 SQM. DM5B1E 
CHAMPS aYSSS 183 SOM. 
ENA 243 SQM. 
ACHARD Hats (1) 47 23 31 51 


BUSINESS OPPORTUNITIES 


PC MULTIMEDIA SOFTWARE 
HYXOS MULTIMEDIA 


IF you need assistance in Multimedia foots and applications, 
HYXOS MULTIMEDIA is your right choice. Our services include: 
Feasabilty studies. Project evaluation & follow up. Selection for 
your hardware & accessories. User friendly interface, Customized 
multimedia software. 

For more information, contact; Managers; 

Mr. BOUGHABAarMr. DENG. 

HYXOS MULTIMEDIA 4 Float de la Forgola 95000 Cergy France. 
Tel.: {331 ) 6936J7.89. foe (331) 3032735] 


The Compart} is looking for stocks of different goods: 

FOOD STUFF: Cofe, Tea, Qioatiaie Bars, CanmdProdtKis,Inckfcig Meat, ^ 
GARMENTS in ipsal (shoes) 

ALSO Electronics, ugaiettes, etc. 

The minimum quantity should be one Thick (20 feet container}. 

V & I FINANCIAL GROUP 
1 1 , Rdtissene - P-O- Box 3608 - CH-1211 Geneva 3 
Tel.: 41.22/311 18 60 - Fax: 41.22/31 1 18 64 


‘HOWTO LEGALLY* 
OBTAIN DUAL NATIONALITY 

Discover the Kaets of dual udoo&Hiy with 
over 100 canaries dunned tfso become x 
EX (PREVIOUS TAX PAYER), and kut 
fyivaxJ axes, eovermneats red hassle. Dis- 
cover the insider ficus about ux havens. 
Htm to become ■ legal TAX EXILE 
For yoor FREE BROCHURE aad PRI- 
VACY NEWS LETTER that wO hrip 
make and seenre join- remey write he 
Scope Int% Box 4275 
62 Mntrey Road. Wxmrfoovffle, F08 9JL. UJC 
Tel: + 44 70S S92255 - Ac ♦ 44 TO 591975 


SWISS CONSULTING 

Company 

Sldfled and competent team assist you; 

- business and private activities 
-company formation 

- commercial and financial negotiations 

end 05 ye ar axpomtedeaktr 
Z ISOREX AG 
PMtfadi CH-8200 SxtaBhmsa 
TeL 441 53 24 3044- Fax: *41 53258230 


CITIZENSHIP 


UK & OFFSHORE 

LIMITED COMPANIES 
BY LAWYERS 
LOWEST ANNUAL FEES I 


\i 

iV 

\ 

\ 

\ 

\ 

\ 

\ 

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I vr 


■ UK LTD Fr £83.00 

■ UK PLC £130.95 

■ IRISH (NON-RES) £185 

■ IRISH (RES) IR£265 

■ WYOMING LLC £495 

■ ISLE OF MAN £195 

■ BAHAMAS £265 

■ PANAMA £265 

■ CYPRUS £585 

■ B.V.I. £265 

■ DELAWARE £185 

a TURKS £265 

a GIBRALTAR £225 


FULL ACCOUNTANCY ITRUST 
FACUTGAVALABLE 


\ 

V 

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Kl 
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fee provides immediate citizenship in a 
tax tree, English speaking Common- 
wealth country (not Aithguaj. Principals 
or their lawyers ratty, pbest amta± 
Maritime International Ltd. 
P£>. Box 1302. 43C RedcHffe Street, 


St John's Antigua, 
Fa* (809) 46 


West Indies. 


1 OFFSHORE WORLDWIDE 
Ready made companies (shells) 

• fi'H management 

* address services 

Fmtndmrr 

INTERCOMPANY MANAGEMEOT 
mAa RO- Boi 160, 9493 Mxorvn 

lOfcjJ IMrhtw re Prm 

Ffea 41-75-373 4062 
Rj dm 1979 


FINANCIAL 

SERVICES 


PRIVATE BANKING 

Full fiduciary services: 

project /corpora te finanring, 

trustee services, equities, 
portfolio management, etc. 
Contact 
Bwu.Pffla. 

BrtndenMrg Bank Ud. 
H.C. Andersen Blvd. II 
DK-ISS3 COPENHACEM V 
DENMARK 
TeL: +45-33-939088 
Fax: 445-33-939086 


vmsmEmmmm 

NUBS 

Over 30 years opeiience ta provkfing sefr 
trices inlBMtkMDy kx all types of business. 
ASTON CORPORATE TOBSTCES 
19 Peel Road. Doualas, Isle d Man. 
TeL 0624 626591 -te 0624 625128 
or London 

TeL (711 222 8866 - Fat (71)3331519. 


HIGH DEFINITION TV 

European Venture Capital group as 
lead investor in joint venture with a 
US-Based media-company b looking 
for additional strategic partners 
and/or investors to buil d a s trong 
position in the field of HDTV ana 
related digital media worldwide. 

All approaches treated in strictest 
confidence. Brokers welcome. 

TbLs (32-2)640 74 18 
Fxc 02-2) 6*8 76 91 


For perfumes and toilet waters - 
guaranteed lowest prices - 
exclusive territories available 1 
Give yourself time to call ns. ! 
Our prices and quality are the best. 
Gei on the road of success! 
Canada: Fax (514) 737-7248 


Hungarian investment opportun- 
ity m venture partnership with 
state company and major local 
bank. Investor/partnets sought 
Write for detaBs to 
Mr. C. Sfmonds FCA, 

8 High Street. Windsor, 
Berkshire $L4 1LD, England. 


LEGAL 

SERVICES 


mmm 


tayMHmfed o ongoing tote U5. wfayu 
OMifewnodtoafayfe 


Cbrfact Ui. IrmArtfoii Attorney. 
695-1389 
dahakdi 


BUSINESS SERVICES 


1 

■HI 

mmsenn t 

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Gateway to China 

Setting Up Comprerfes, Financial Consultancy 

Short / Lews Term Famished Offices 
fcrttopiee Centre. 11 Daddefl Street, Central, 

Hong Kong. Td- 852-5338388 Fbc 852^100235 
— 


DELAWARE (USA) 
CORPORATIONS 

Quail ly confidential sen-fee. Reasonable 
cost. Call/Write for (tee lit: 
Delaware Registry Ud 


PO. Box484-ff,Wllmfr^on. 
Delaware 19899 USA 
M; 302-6574532 - Rx 302-6M-8798 
800-32 1-CORP (USA only). 


Fully Furnished 
Offices 


\ SFENCeR COHPANYFCF.VAnONE LffffTeD V 

\ itfijcs Sr.:es..iiSi’i:K! l ij':cH ' sl 

Z 44-71 3522274/2402 
c 44-71 352 2150 

!S FAX: 44-71 352 2260 E 3 


Cremt and Investment 

Internationa] Financing group 
wishes to invest In Europe in 
general and in former East 
Germany, particularly in industry, 
business and real estate and/or 
provide long-term-credits with low 
interest. Brokers are welcome 
and protected. 


Fm +*49-7731-22865 or 
IFC, RO. Box 2, CH-8262 Ramscn 


EUROPEAN 

REPRESENTATIVES 

WANTED 

Harvard Business Services - Delaware's 
premier company fhnnaUoa service is 
looking for accountants and 

business consifnnts to promote and scD 
Delaware Corporate Services. Successful 
antBdatai wtS have an established 
office, phone aad fax and wH be able to 
prodoce 5-10 new compan ie s per month. 

Pioisc respond byjoxKr 

Richard EL ttol^ rtw l nnan 
Faoa 302-645-1280 USA 


TELECOMMUNICATIONS 


$AVE ON 

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Tel: 1/206/284-3600 
Rkk 1/206082-6666 

417 tad A«a. W. •Seaokt WA 881 IS US* ' 


■t 'r-' ■■ 

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• Furnished Offices 

• Secretarial Services 

• Personal Telephone 
Answering 

• Conference Facilities 

• Photocopier, Fax, 

Word Processing 

• Immediately Available 

• Flexible Lease Terms 

European Locations 

Amandin! +31 20 607 7100 

Amsterdam Airport +31 2503 85700 
Berlin +49 » 88 44 10 

Brumcii +32 2 535 77 II 

Copenhagen +45 11 32 25 25 

Dublin +353 14 754 244 

DamrMorf +49 211 B3070 j 

Geneva +41 22 919 19 l» 

Frankfort +49 W 975 447 

Hamburg +49 40 32 00 SO 

London Trafalgar +44 71 S72 59 59 


Luxembourg 

Madrid 

Morrow 

Munich 


+352 34 98 98 I 
+34 I 555 8772 
+32 2 716 4700 
+49 89 59 04 70 
+33 1 40 07 N 07 

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ILSA. +40t 192 13 82 

(30 location*) 

Australia/ Asia +61 2 238 2100 

(27 location*) 

Japan +81 3 5379 1353 

Your Partner in over 
80 International Business Locations 



UfTMIXMlTHH 
Automatic, easy to 


Variable speeds from 
120 to 1200 per hour. 
Ueol family business, hd 
fane or mere Uma. Set 
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Caff for into.. Complete In structions. 

accessories, mores. 

Art abort asr mfeo domra be Mini Donrt I 

Martas a odea rad Wf can art* JBI 
Doowlbrwv. fctemtElfandvBitoa rt.f I 
andathl-nSea price eppUbaati m£m I 
■ortfaspwrtam WQf 


American Spacbfey FOods, Inc. 
P.a Box 1134 Dept 200 
Mh«atonka,MN 55345 USA 
612-S30-9999 Fai 812-®7-fl542 



Tax-Free US. 


taaaonx<fac Nerah wr specially. Senioe b 
A 50 Stita Goman: of omricte anmart. 
Vc efler UA rites wih pbcer * fax soricc, 
office writts, Ui bank actants, OS. ctecnj 
to Kne 2 ttaaoB, aadae kgri aniccji 
aaiflann:. iodndlng 0TC miket entry ft 


Pr.Ju r.vnnan i A. Wright 
Attor ney at Law 

US, Corporation Services, Inc 

3430 Baanoia] Drive, suite #10. 

Saaamento, CaSfetna 95821 
Fax (USA) 916/786-3005 = 


“BUSINESS 
[OPPORTUNITIES” 

appears every 
Wednesday 


i 









INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 


T 

1 1 i i 


TT 


Dw YM P6 10B5 Wl LowUHastOi'M I WohLnw Sw* 


Dtv YW PE TBh H ton LowLnteBQi'ne I Hah Low Slock 


Tuesday’s Closing 

Tables include the nationwide prices up to 
the dosing on Wall Street and do not retted 
late trades elsewhere. Via The Associated Press 


12 More* 

Hoti Low stock 


Dlv YU PE KBs Wan LowLdotCh'K 


3ft Wij. 

low tm, 
s IV, i, 
Uft 9 


02 6.9 _ IIS 

- 31 339 

_ _ 3 

43 

_ 16 7 

- - 7292 
_ 74 151 
_ _ 170 

J3e1W . 118 
lute 41-77 
_ 49 134 
_ _ 31 

W 

- 13 10 

_ 23 132 

- - 48 

„ _ 84 

27 

- - 129 

_ 8 3 

- *1 55 

SO S IS 334 

_ 18 2) 
_ 8 25 

-15 2 

J6e 2.1 - SU 

_ _ 72 

_ 3 43 

_ 14 129 

- - 63 

_ _ 45 

_ — 450 

- _ at 

175 62 _ E» 

- - 2403 

1.55 12-0 — 4 

.750 4.1 - 12 

.IS J 15 2 

- - 90 

_ _ 937 

■45*14.9 12 51 

1.32 BJ 11 154 
J2c 2J5 - 142 
.lSe 12 _ 38 

JO 47 IB 5 
04 271000 44 

M X1 1019 9 

_ _ 1044 
» M _ 13 

IJOoMjO 7 36 

_ _ 143 

- _ 111 

_ 12 12 

- 48 997 

_ - 1542 

76 X4 B 25 
-388 406 

- - 134 

4J0C - - 20 

15 19 

_ _ 83 

_ _ 134 

_ 14 4 

- - 10 

_ 17 24 

-B « 
_ 28 38 

- - 1499 

03e 0 9 90 

_ _ 10 

_ 54 

„ 14 256 

_ _ 720 

_ 24 248 


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33H 32W 33V* - 

104. 1049 im —Mi 
<V H ft ft -Vk 
10W 10W 1DW — V. 
2J9*tf22ft 27ft —ft 
3ft 3ft. 3>Vu _ 
2Sft 2S 2S —ft 
1ft lift, 1ft +ft, 
45ft 44ft 65ft —ft 
7ft 7ft 7ft 4- ft 
4V U SVu Mfii — Vu 
2ft 2ft 2ft -ft 
4ns, 41 Vu 41 Vu — Vu 
34* 3ft, 3ft _ 
12ft 12ft 12ft -ft 
IVh lft 1ft - 
7ft 6ft 4ft -ft 
?Vu 3ft 3ft —ft 

3<Vm PVm Z"A* + Vm 
11 I Oft II 

21ft 21ft 71ft tft 
3ft 3V4 3ft + ** 
7ft Sh 4ft —ft 
10ft 10ft 10ft - 
17 14ft 14ft —ft 
1ft lft 1 Vi —ft 
8ft 8ft Bft —ft 
10ft 10 10ft —ft 
2ft 2ft Zft —ft 
4ft 3ft 4ft * ft 
7ft 6ft 7 
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esm 6oj* &m + ft 
12ft lira* i2ft ♦ w 

18ft 18ft IBM, —ft 
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4Yu 4W 4ft —ft 
IVu lft lft— Vu 
4ft 4ft 4ft— Vu 
15ft 14ft 15ft _ 
13ft 13 13 —ft 

13ft 13 13 —ft 

17ft 17ft 17ft + V* 
20 19ft 20 - 

20ft 20ft 20ft —ft 
lift 109. lift *ft 
7ft 7ft 7ft _ 
10ft 10ft 10ft —ft 
4 3ft +Vu 
3ft 3 3ft _ 
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lift 10ft 10ft tft 
lft lft lft _ 
14 13ft 14 
34 2Z4*Z3ft+lV* 
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lft. IVu lft, ♦ ft 
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lift 10ft 10ft —ft 
4ft 4 Vi 4ft - 
9ft 9ft 9ft —ft 
lft lft lft— Vu 

9ft 9ft 9ft —ft 
Tft 7H 7ft —ft 
3ft 3ft 3ft _ 
6ft 6ft 6ft —ft 
4ft 6ft 6ft - 
ft ft ft-Vu 
2ft 2ft 2ft + *u 
15ft 15ft 15ft ‘ft 
lft, IVu lft —ft. 
Bft B Bft — 













IB ldttTemtfjU Mo 16 
2ft lUTaneru 
■Vu fttTenmv 
7ft 5ft Texts ui 
U SftTaxMer _ 

19 SftTlMnnds 
22ft iftThmCrts 
16ft BftTTimFttl _ 

34ft MHTtotinl 3 — 

lift TftTtemPw _ 

10ft 7ftThrmP 
lift 4ftTlwVola 
16ft JftThmdx s 

= 

7ft 2ftTbHWV 
lft ftTOfUttl 

103 92 ToiEPtA EL32 9J 
59 A7V*T6K=pfS 42S 90 
106 IDOftTolE PfD IOjOO 100 
6ft IftTooSros _ 

15ft SWToHPr* .100 J 
3ft IftToomCiY 

rway r 

10ft 6 Tm*Lx .14 10 
lft ftTronsoon _ 

16ft lift Tmzn .18 12 

15ft IlftTmniB 3* 09 

7ft 4ft Tri-LHC n 
2ft 1 TrttJtowt _ 

lift 6ftTWd« 

3ft ZVuTrmCtech _ 

10ft MfcTrpACWn J2a 30 
10ft 8V*Tn>AG97n 05a 7 JO 
Tft lft, Triton 

Yu VnTrttoo wf _ 

4ft 3ftTUbM0x 
29ft 194*Turrfi A 47 3 

299* 19ft TwrnBB 47 3 

13 AftTUmrC _ 


L6 - 19 14ft 14ft 14ft +ft 

” I 21 IVu llfu IVh _ 

_ _ Z VS ft ft „ 

I Z 142 Tft 6ft 644 —ft 

Z I BIB 10ft IMS 1 Oft +ft 

S9 Si 13 12ft 12ft _ 

Z 950 181 19 18ft 19 + ft 

:# 16 15ft is is -ft 
I 35 118 32ft 32ft 32ft +ft 

„ 44 19 Bft Bft 8ft _ 

_ in 27 Bft Bft Bft _ 

Z 76 24 9ft 9ft 9ft -ft 

_.52T 171 15ft 15ft lift —ft 
L _ 156 1A, ft Jftl +> 

_ 51 4Mu614* 5?ft 59ft *4W 
_ 25 11 3 Zjft. 3 - 

_ _ 15 ft Jft. 3* 

U - 2 89 BB9 89 — 3 

in _ 28OO 49 d47 47 — 2Vj 

LO - 2100 100 H» 100 -ft 

_ „ 774 Sft » ft *14 

J 21 494 15ft IS lift - 

_ _ IU9 2ft ZV„ 2ft _ 

Z - 379 5ft 5 5 —ft 

143 2Wu 

14 21 B 9 Bft 8ft -ft 

_ _ T17 lft 1ft 1ft - 

j 12 1 12 12 12 

L9 12 Z lift lift lift +U 

38 5ft 54* Sft— ft 

_ _ 61 lft. IS W»— Vu 

„ 23 75 Bft 7ft 7ft— ft 

95 Zft 2ft Zft _ 

13 „ 155 9ft 9ft »ft _ 

JJ _ 61 9ft 9ft 9ft _ 

_ _ 2 lft lft lft _ 

_ _ 1 ft ft ft — Vu 

_ _ 540 6ft 6 6ft * ft 
3 B3 43 22ft 22ft 22ft —ft 

3 S3 Btt 22ft 22ft 22ft — ft 

_ sa 20 7ft 7ft 7ft —ft 


22ft 6ftlnJrman JIT 2.0 
ZlftlOftlntCotng 
Sft afebiFnOMwt 
6ft 3ft InFnY wt 
IVu VilntMovle 

7ft 2ftlntMtir 
lft ftbitMurwl _ 

4ft lftWPwr 
7ft 3ft BUS _ 

Zft YukilTest _ 

4ft 4 IntThr 
9ft 2ftinThr of _ 

7ft 4ftinMGC 
2ft taMrsvstm - 

m u VulrdrsvWl - 

16ft VftliUPtva .10o _ 

37-A21 IvaxCp JM .1 

19 6V4janB*l _ 

2Vu ftJetramc _ 

13 9 JwieJnl M 5.5 

2ft lttJade _ 

61ft 27ft JupNoI 
12ft 7ftKVPhBn 
12ft TftKVPtlAn _ 

31 ft 15ft Keanes - 

23ft 10ft KrfyOG \30 10.9 

15ft »WKetefna _ 

6ft ZVUKevEna _ 

Sft 2ftK9cm 
5ft 3ftKInark _ 

23ft lift Kiloy - 

lO'A SftKMrVus _ 

9ft 6 KoorEq _ 

12ft BftLSebid M J 

Zft ftLCfiOTB - 

Ttm ZftLancer _ 

I7Vt14ftLandaur M 4.0 
4ft 3 LndsPc _ 

lift 3 Larin - 

9ft 6 Laser _ 

7ft ZftLsrTech _ 

2 V M LsrTc w» 

9ft 5ftLazKap _ 

7ft 5ftLoalftFn — 

49 42ft LatlAMGN 204 6J 
3444 28ft LehORCLUJl 7 JO 
13 6ftLetiYenwi - 

10ft llftLBVem JO 1-2 

Vu VeuLJBv un _ 

zm BftUMUs - 

■ft 1 LetriCp - 

16ft VWLvtne* _ 


2 737 4ft 
_ IBB 16ft 
_ 36 4>Vu 

938 253 9M 
_ S3S 3ft. 
_ 16 10 
_ 445 3444 
_ 16U1B 

159 ITS 3ft 
_ BO 10ft 
„ 95 10ft 

41 S Wu 

29 27 lift 

_ 560 20ft 
_ 47 2V4 

_ 120 3Vu 
_ 2521 5ft 
79 339 16ft 
_ 141 14 

_ 15 4ft 

- 344 4V* 

_ 12 ft 

38 382 Bft 
_ 85 ft 

13 26 Sft 

_ 38 5 

= J & 

5 Sft 
16 123 7ft 
13 23 lft 

- 20 ft 

_ 40 15ft 

30 2520 35V* 
13 307 6ft 

9 26 lft 

7 87 lift 

13 1 2Vu 

- 5 55ft 

5 10ft 

_ 40 10'/. 

26 11 29ft 

52 60S 11 

- 32 13ft 

12 43 5ft 

2 4ft 
20 3 4ft 

25 475 am 

44 68 5Vj 

60 160 Tft 
10 124 8ft 
12 22 lft 

28 I 17ft 
15 90 14ft 

_ 23 3ft 

a 6i 7ft 

IB 170 7ft 
35 162 5Wu 
_ m 1%, 
_ 15 Bft 

46 21 6ft 

_ 24 43ft 

_ 102 33ft 

- 1745 7ft 

14 118 17ft 

- 550 ¥m 

34 61 20 

_ 250 Sft 
14 95 12ft 


6ft 6ft _ 
17ft 17ft —Vi 
4Vi, 4*Vu * Vu 
9ft 9ft +ft 
3ft Sft —ft 
9ft Tft —Vi 
34ft 34ft —ft 
17ft IS +to 

loOilSk - ^ 

10ft 1044 _. 

■Vu >Vu _ 
11 lift _ 
20ft 20ft —ft 
2 2ft +ft 
3ft 3M —ft 
4*Vu 4ft —ft 
15ft 15ft —ft 
13ft 13ft —ft 
Jft 4ft —ft 

4 4Vu +ft 
Vi ft _ 

6ft Sft 
ft ft _ 
3ft 3ft _ 
4Wu 4KA, _ 
Aft Aft — Vu 
6ft Sft _ 
5ft 544 —ft 
7ft Tft —ft 
144 Tft — V u 
ft ft - 
15ft 15ft - 
34% 3644 —ft 
Sft Sft _ 
IVu lVu-Vu 
1044 10ft +ft 
2ft, 2ft. - 
55 55 — ft 

10ft 10ft —ft 
10 ID —ft 
29ft 29ft +ft 
10ft 11 -t-ft 
13ft 13ft - 

5 5ft - 
4ft 4ft —ft 
4ft 4ft— Vu 

21ft 21ft —ft 
d 5V4 Sft— ft 
7ft Tft —ft 
Bft Bft— ft 
144 lft _ 
17ft 17ft _ 
14ft 14ft _ 
Sft 3ft . 
7ft 7ft _ 
6ft Cft —ft 
5ft 5Wu — V|t 
lft, lift— ft 
•ft 8ft— ft 

32ft 32ft -ft 

JkWfc-ifc 

114* 


15ft 2ft SP1 8 _ „ 402 6ft Sft 6V4 —ft 

Sft 24»SHrt _ _ 12 39* 3ft Jft —ft 

19ft lift SPlPh J4 M 17 20 Uft IB 18ft >ft 

21ft 134* SapaOnn _ 97 164 15Vl 14ft 15ft *-ft 

ISft MSofemt _ _ 13 lift lift lift +ft 

lft ftSafioGsf _ _ 33 IVu II* lft _ 

16ft Bft Safaris A 27 S 4 15ft 15 15 —ft 

504*45 ScdAMCNrXlS 60— 22 46ft 46 46 —ft 

404*31 ft SdDECn 2J3 7.1 — 126 35H 34 35ft +2 

a5ft75ftSaWWPn 401 4J8 _ 49 B4V* 83ft 33ft— lft 

174* 6ftSalHKwf96 _ - 15 12 lift lift —I* 

84ft 76ft SalMSfTnXTS AS - 27 82 81ft 12 «-ft 

34ft 28ft SdORCLn2JO 7J _ 112 33ft 324* 324* —ft 

29ft2SftSaSNPLn - - 636 27ft 27 27V* — 1 

Sal PHI n 3JB 6J - 1626 491* 49 49 - 

4Vu3WuSalPt>b _ _ 190 3ft 3Wu 3ft —Vu 

Uft 10ft Samson UHa 8J 10 9 12 lift 12 

26 Vi 25ft 9300 PlH _ - 3 25ft 25ft 254* +V* 

Tft 4ft Sandy .12 II 11 3 Sft 5ft Sft _ 

13ft 6ftSManBk _ - 16 74* 7ft Tft —ft 

46 30WSbam> JOe 1J 20 205 41ft 41 41 —ft 

12ft Sft Sceptre - _ 67 10ft 10ft 10ft —ft 

Sft AVbScheih _ _ 456 4ft d 4 4ft —4* 

171* lift Sctodf .16 IJ 13 20 1544 154* 15ft —ft 

257 174 SbdCp 1.00 J 10 6 203 197 2D5 +5 

15ft 9 Seta JO 1.4 34 9 14ft 14ft 144* —I* 


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12ft BftOSvffvn JS 2.9 
32 ft 22 Ofcions J4 J 
lift BftOneUtor .940 9.1 
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sawirhonems jo a j 
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16ftllViPA4C 38 a 5J 
164*14 PSBP 1J0 104 
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21 ft 18ft PGEefB 137 6.9 

19ft 17ft PGErtC I JS 60 
194*17 1 APGE0O3 1 JS 68 

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26ft 25 PGEpfQ 106 74 
269* 24ft PGEpflJ 1J6 60 
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16 ITftParPTZ 100a 67 

18 13 ParPQ 140a 110 

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34ft IBftPiftwyA JO 1J 
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Compiled by Our Staff From Dispatches 

HONG KONG —Hong Kong's 
real estate developers shrugged off 
intErest-raie and political worries 
on Tuesday to bid higher-than-ex- 

dential land at a government auc* 
don. 

“The correct word I’m groping 
for is 'astonishing,’™ said Nigel 
Burley, the government land auc- 
tioneer. “Tlie prices were way 
above expectations." 

Sino Land Co. paid 126 billion 

Hong Kong dollars ($292 million) 
for a. 7,059-square meter (76,000- 
sguare foot) site near Hong Kong 
airport in Kowloon. The price was 
42 percent above the opening bid. 

The company also spent 1 f4 bil- 
lion dollars for an 18,490-square 
meter sea view lot in the New Terri- 
tories, more than double the open- 
ing bid. 

Seoul to Allow 
Equity Purchases 
By Foreign Firms 

Agence France-Presse 

SEOUL — South Korea wQl per- 
-jimt foreign companies to purchase 
up to 10 percent of the equity in 
local, concerns and will allow for- 
eigners to invest in tourist hotels 
without prior approval, the Minis- 
try of Finance said Tuesday. 

Under a law that is to take effect 
on Wednesday, the government 
also wQl halve the time for process- 
ing investment approvals, clearing 
them within 15 days- 

Investment plans that are subject 
to automatic approval must be pro- 
cessed within three hours, instead 
of the current 20 to 30 days. 

Under the new regulations, for- 
eigners seeking to invest in tourist 
hotels will no longer need govern- 
ment approval. 

Foreign companies, or Korean 
companies with 50 percent or high- 
er foreign ownership, will no longer 
need government approval to buy 
shares of up to 10 percent of local 
concerns, the ministry said. 

But the 10 percent limb win re- 
main. Overseas investors had called 
for a lifting of the limit 

The law also lifts a ban on for- 
eign investment in luxury consum- 
er goods businesses and in indus- 
tries that are heavy energy users. 


A third property of 7,877 square 
meters suburban Tuen Mini, near 
die Chinese border, was purchased 
by Hang Lung Development Co. 
for 650 million dollars, up 71 per- 
cent from the opening bid. 

Mr. Barley said the developed 
properties, units of which will be 
sold to the public before comple- 
tion, will come onto the market 
around 1996 or 1997. The British 
colony is to revert to Chinese rule n 
1997. “Normally T would have ex- 
pected some uncertainty around 

this time,” he said. 

Hong Kong's stock market react- 
ed negatively to the auction, as in- 
vestors began to fear that the re- 
cord-breaking prices and the recent 
strong run of corporate results 
would not be repeated next year. 
The Hang Seng Index was down 
26 1 .87 points, or 2J2 percent, dos- 
ing at 10.I4&36 

Some analysts said the high 
prices reflected a deliberate effort 
by developers to push up prices of 
adjacent land they hold. 

“The price was far too high," 
said Eugene Law, research director 
at Standard Chartered Securities. 
“People are saying it's a good price 
on one hand, but on the other it's 
seen as an effort by developers to 
push up prices.” 

Property analysts were mixed as 
to whether Sino Land paid too 
much for iu two lots. 

“The sites will need to be sold 
significantly above current levels, 
but the indicators are still good,” 
said Michael Clarke, managing di- 
rector of Chung Sen Surveyors. 

“There is concern that prices are 
too high, but prices nave not 
reached such a level that would 
precipitate a major crash," he said. 

Mr.- Clarke said interest rates 
had reached the bottom of their 
cycle and would have to rise, which 
will have an impact on housing 
affordability by raising mortgage 
rales. The prime rate is currently 
6.5 percent. 

Chong Sen Surveyors estimated 
that Sino Land would have to sell 
the apartments it would build at 
the Kowkxm. site for 8,000 dollars 
per square foot — compared with 
5,000 dollars at today's market 
rates. That would make the price of 
a typical 500-sqnare-foot apart- 
ment 4 million dollars. 

“When it comes to the aid user, 
it’s a bit too much,” raid Pi Leung, 
Chung Sen Surveyors chairman. 

(Ratters, AFP ) 


Petrochemical Project in Singapore 

Huge Foreign Investment Set Despite Global Slump 


Reuters 

SINGAPORE — A group of 
U.S., European and Japanese 
companies said Tuesday that they 
were proceeding with a 14 billion 
Singapore dollar ($2 billion) pet- 
rochemical expansion — Singa- 
pore’s biggest single foreign in- 
vestment — despite a global 
petrochemical slump. 

Executives said they hoped the 
expansion, to be completed in the 
second quarter of 1997, would 
coincide with an end to the down- 
turn and a pick-up in petrochemi- 
cal prices and margins. 

“I believe and 1 hope the slump 

will end when the complex starts 
up,” said Juichi Sakamoto, man- 
aging director of The Polyolefin 
Co. (Singapore) Pie. 

The investment involves ex- 
pansion of the complex operated 


by Petrochemical Coro, of Singa- 
pore, The Polyolefin Co, Phillips 
Petroleum Singapore Chemicals 
Pte. and Denka Singapore Pte. It 
also emails the establishment of a 
styrene monomer and propylene 
oxide complex under Seraya 
Chemicals Singapore Pte. 

The addition will hare annual 
capacity of 428.000 tons of ethyl- 
ene and 214,000 tons of propyl- 
ene. The current annual capacity 
of the existing complex is 450,000 
tons of ethylene and 225.000 tons 
of propylene. 

Products from the complex 
provide the raw materials for in- 
dustries such as plastics, packag- 
ing, cars and electronics. 

Asian Pacific demand for pet- 
rochemical products is expected 
to easily outpace growth in the 
rest of the world for some time to 


come, said a Petrochemical Coip. 
spokesman. 

Singapore's existing petro- 
chemical complex, opened in 
1984, has recovered most of its 
investment, executives said. 

However, worldwide overca- 
pacity and depressed demand in 
Europe, the United States and 
Japan have hit profitability 

Petrochemical Corp. of Singa- 
pore made a net profit of 37.6 
million Singapore dollars (5214 
million) in 1992, down sharply 
from 1 15.3 million Singapore dol- 
lars in 1991. Polyolefin Co. also 
saw sharply lower profits for 1 992 
at 17 nuluon Singapore dollars 
against 1991's 54.9 milljoa Singa- 
pore dollars. Industry sources 
said Phillips Petroleum Singa- 
pore Chemicals Pte. did not make 
any money in 1992. 


Initial feasibility studies on ex- 
pansion started in 1990 and a 
derision had been expected last 
September. Plans were delayed 
after Phillips Petroleum Singa- 
pore Chemicals Pte. was unable 
to obtain final approval for a sec- 
ond Singapore nigh-density poly- 
ethylene plant. 

Singapore's state-owned Eco- 
nomic Development Board is to 
take a 30 percent stake in Phillips 
Petroleum Singapore Chemicals 
Pie., industry officials said. 

Phillips Petroleum Interna- 
tional will reduce its current 
85.714 parent stake to 50 per- 
cent, while Sumitomo Chemical 
Co. will take a 20 percent stake. 
Sumitomo currently owns 14.286 
percent of Phillips Petroleum Sin- 
: Chemicals ! 


gapore 


Pte. 


Worst Is Over, but Shipyards Face Slow Recovery 


Bloomberg Business Nms 

SINGAPORE — As Singapore’s giant ship- 
yards start to report their 1993 earnings, there 
is good news and bad news for investors. 

The good news is the shipyards — Jurong 
Shipyard Ltd., Sembawang Shipyard Ltd. and 
Keppd Corp. — have survived the worst of an 
. industrywide slowdown, despite some pain cm 
the earnings front. 

The bad news is recovery will not come 
before the end of this year at the earliest so 
1994 profits from ship-repair operations will 
not be spectacular either. 

That is because the lingering hangover of a 
worldwide recession has meant slack demand 
for shipping, so cash-strapped shipowners are 
bolding off on maintenance; 

Shipping rates remain as much as 20 percent 
below the levels of last year. Higher demand 


for ship repairs is likely to lag a rise in rates by 
at least six months, analysis said. 

As a result, Singapore's massive yards are 
not likely to start bustling until late this year or 
early next year, analysts said. 

The first major shipyard to report its 1993 
earnings was Jurong, which posted a 7 percent 
drop in pretax profit, to 87A million Six_ 
dollars ($34.7 million), or 58.8 cents a 
only slightly lower than market estimates. 

Jurong’s business picked up in the second 
half of the year, when mar g ins improved and 
sales rose 15 J percent from the first half. This 
does not necessarily signal a turnaround, since 
company management indicated that a few 
higher-margin repair jobs were responsible for 
the improved performance. 

Analysts predicted company’s earnings 
would grow about 12 percent this year, accord- 
ing to the Estimate Directory, 


Sembawang Shipyard Ltd. wfl] report its 
results on Wednesday. Analysts are not ex- 
pecting much out of (he ordinary from the 
company’s ship-repair operations, Much bring 
in about 60 percent of revenue. But results 
from its engineering operations “could be a bit 
of a surprise on die positive side," said Max 
Guglidmucri, senior analyst at Vickers Balias 
Investment Research. 

“Sembawang's strength is on the engineer- 
ing side, because of all the mfrastructure-rriai- 
ed projects going on in Asia,” said Tim Mc- 
Kenna, an analyst at Jardine Fleming. 

Keppd Coip„ Singapore’s third major ship- 
yard, is benefiting from its nonship-repair op- 
erations while it waits for repair d eman d to 
pick up. Its diversification makes it a safe bet 
tn the sector, since less than half its earnings 
come from marine-related operations. 


Investor's Asia 


Hong Kong 
Hang Seng 


Singapore 
Straits Times- 


Tokyo 

Nikkei 225 



^'Trrrirs! 


1993 


1994 


fKjTM v 


Exchange 

Hong Kong 

indlex • ' ; 

‘Hang Seng'.- '.V‘ 

Tuesday Prev. . 
dose . Close . ^Change 

'10,41030 -258. ; 

Singapore, 

.:stnai)8 Timas- ....' 

2,313.68 2,342.72 zr+%2f'. s 

Sydney 

ASCWinanes; "v 

2,18170-. • • . 2 ,t£Q.iG +o;o?: 

Tokyo • 

• f®tke»2ZS 

20£f&62 .i9.9S7i20 41.10 

Kuala Lumpur QompCisitia V.. / 

1113,411 1,125^ .rl.09 

Bangkok 

SET. . . „ 

1,375.97 .1,372^3 . ..4052 

Seoul 

Composite Stock. 

Closed . -818.88 . 

tafcel .. 

.Weighted Price , 

5,462.44 5,414.84 ; 40.70 

Manila ••• 

Comparer; 

2,755*5 . 2,80141 ;.-..-3.70.. - 

Jakarta . 

.Stock index - ! ; 

54641 54*23 . .*0.03 : 

■ New Zealand 

NZSE-40 

2^7020 2*44.35 +1,15 

Bombay ... 

National, index 

1,994.94 2,041.49 -2J28' 

Sources: Reuters. AFP 

International Herald Tribune 

Very briefly: 


India Budget Cuts Taxes, Interest Rates 


Compiled by Our Staff From Dispatches 

NEW DELHI — In an effort to 
revive stuttering industrial growth, 
India unveiled a 1994-95 budget 
that reduces corporate taxes, im- 
port tariffs and interest rates. 

Business leaders largely wel- 
comed what they saw as a growth- 
oriented budget, but said Tuesday 
that the fiscal deficit was way off 
target and could blow India's far- 
reaching economic reform program 
off course. 

The budget cuts corporate taxes 
to 40 percent from 50 percent and 
trims the minimum tending rate by 


one percentage point, to 14 per- 
cent. It also liberalized currency 
and import rules. 

But Manmohan Singh, the fi- 
nance minister of India, said the 
country’s deficit would expand 
sharply, to 73 percent of gross do- 
mestic product in the year ending 
in March, compared with a target 
of 4.7 percent. He predicted a defi- 
cit of 6.0 percent of GDP in the 
e pnring year. 

“The government’s inability to 
prune expenditure is alarming,” 
said Ram Shahaney, managing di- 


rector of Ashok Leyl and, a compa- 
ny that mak es trucks. 

Mr. Singh said the country need- 
ed industrial growth of 6 to 8 per- 
cent to underpin the economic re- 
form program introduced in mid- 
1991 to reverse four decades of 
socialism and start the process of 
revamping inefficient industry. 

The budget found a cool recep- 
tion on the Bombay Stock Ex- 
change, with the barometer sensi- 
tive index losing 136 prints dining 
the first full day of post-budget 


M post- 
,150.15 


trading, dosing at 4,150.15 points. 
But much of the selling was seen 


as profit-taking because the index 
had rallied sharply in anticipation 
of a company-friendly budget. 

Foreign investors landed the bud- 
get, saying it seat positive signals to 
institutional investors and foreign 
firms seeking to take advantage of 
the opening Indian economy. 

“The budget is growth-friendly,” 
said Navinder Sahni. of Marini 
Partners UX, a brokerage. “Input 
costs for most firms will go down. 
We are heading towards a lower- 
cost India." 

(Reuters, AFP) 


• McDonald's Corp-’s Japanese subsidiary said sales in 1993 declined 
from the previous year for the first time since it was established in 1971; 
rales slipped to 21239 billion yen ($20 billion) from 212.60 billion. 

■ Vietnam needs on infusion of private capital and aid to upgrade its 
crumbling infrastructure, officials said Tuesday. 

• Sakura Bank LttL, one of Japan’s biggest banks, will use Arthur 
Andersen & Co. for advice about investing abroad, marking the first an 
influential Tokyo city bank formed such an agreement with a U.S. 
consulting firm. 

• Taiwan's index of leading economic indicators rose 0.4 percent in 
January from December for the third consecutive monthly gam 

• Qualcomm Inc., a U3. electronics company, and a subsidiary of Sony 
Corp. will produce digital cellular- telephone equipment at a new joint 
venture in San Diego; the new company will be known as Qualcomm 
Perumal Electronics. 

• Taiwan's current account surplus for 1 9 93 plummeted to the lowest level 
since 1984 because of a dwindling trade surplus and increased spending 
by tourists abroad. 

AFP. Reuters. AP, Bloomberg 

Fake Goods Burned in Manila 


Agence Fnmce-Presse 

MANILA — Philippine customs 
authorities on Tuesday burned 
thousands of counterfeit European 
designer bags, purses and jackets 
manufactured in South Korea and 
shipped here via Guam. 

Cesar Dario, a deputy customs 
commissioner, said an 8.5- ton con- 
tainer packed with the fakes, with 
an estimated street value of 7 mil- 
lion pesos ($250,000), was seized in 
mid- 1993. 

He said they were so well-made 


that customs officers had to seek 
help from manufacturers of the 
genuine articles in deciding wheth- 
er they were fake. 

The consignment included as- 
sorted Loins Viritton items, coin 
purses and key holders stamped 
with names like Chanel, Cartier 
and DtmbiH, and several dozen 
fake A rmani silk jackets. 

On Monday, President Fidel V. 
Ramos signed the Philippine in- 
strument of accession to a 1971 
Bern convention on literary and 
artistics works. 









Page 18 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 


We are an organisation which, in close cooperation 
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Russian designed and developed 
High Technology Products for civil use 

worldwide, or grants licences for the production of 
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aircraft (6 to 8 seater). We are now looking for the 
cooperation with a local 


General figent 


on a commission basis for the development and 
opening up of North-American markets. Only well 
established and successful mercantile agencies with 
high credencials will be considered, interested 
parties plea se reply in writing to: 

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CURRENCY AND CAPITAL MARKET SERVICES 



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PATRICK FALCONER in London 
TeL: (4 4) 71 8364803. 

Fax: (44) 712402254 

Bmlb^feSribunc. 


COMPANY RESULTS 


Revenue and profits or 
losses, in millions, are in 
local currencies unless 
otherwise indicated. 

Australia 


Chlquita Brands 

4lfiQuar. l»3 J m 

Revenue 567, M 6Z096 

Net Loss 400 HOC 

Year 1991 Iffi 

Revenue £533. £733. 

Net loss SUM MOM 


Year 

Revenue 

Net Inc. 

Per Shore—. 


im 

4156. 

786.10 

959 


wa 

1020 . 

SlOJfl 

5.90 


Spies and Stars on Co: 



Foster's Brewing Group 
lit Heir 1993 1991 

Revenue Moo. 5£7i». 

PTOfll 31083 17157 

Per Shore— 00651 00671 


Fed. Department Stores 
mow. 1993 1992 


Revenue 

Net Inc. .... 
Per Share 


Britain 

Glaxo 

Iff Hatf Iff] 

Pretax Net- 1,001. 
Par snare— 0234 


i m 
019.00 
0194 


Year 
Revenue. 
Net Inc — 
Per Share. 


£340 

14096 

1.14 

1993 

7229. 

inas 

153 


7,M7 

9098 

078 

1992 

7500 

11351 

151 


Penney (J.C.) 
WlOuor. 1993 1992 

Revenue am tow 

Net Inc tilM 37100 

Per Shore LAS 1.0 

Year 1993 1991 

Revenue 1B.9B3. 11009. 

Net Inc MUM 777 JM 

Per shore— 355 195 

TOT quarter net includes 
charge at S2 million. 


a real medium of expression in- 
stead of a field for specialists said 
Esther Dyson, editor of Release 
1.0, a software newsletter. “It's' not 
just for techies anymore,” 
Compact-disk technology is 


France 


Nets Include tosses Of S6J 
million m imauarter.andof 
as million vs. SI9J million In 
Minors. 


By Steve Lohr 

New York Times Service 

NEW YORK — Even as the re- 
cent collapse of the planned merger 
of Bell Atlantic Corp, and Tele- 

STKUUVS swjasai'SSB &m6L 
%z£z?s.7S sasiiasrt; - 

ore Mjruig uiai a msvs 5 ,} V erK disks were adapted for dam 


Rhone-Peulene 
Yoar 1993 1992 

Revenue 80560 81710. 

Profit 96100 1520. 

Per Share 182 640 


Genuine Ports 

4th Qaar. 1993 1*92 

Revenue 1495. 9M56 

Net Inc— 7155 657J 

Per Share 059 151 


TRW 

4th Qaar. 

Revenue — 

Neline 

Per Share 

Year 

Revenue 

l«4Bta»i55J 
Per Share— 197 
a: Loss. ■ 


1993 

24)05. 

6360 

aft 

1993 

7748. 


1992 

1096. 

5950 

194 

1992 

Ull. 


Japan 


Pioneer Electronics 
3rd Qaar, 1993 1993 

Revenue 139550 16768® 

Profit 1,120. 4.911 

Per Share— 624 2751 

9 Months 1993 1992 

Revenue 39U10. 

Profit B790. 


Hamisclifeger Ind. 
ixtouar. 1994 I9n 

Revenue 28036 28007 

Net Inc <0)6366 074 

Per Share — ID 

a; Loss. 1PM net includes 
charge of 06. 1 million. 


Per Share. 


6974 


Sony 

Jniaoor. 1993 >992 

Revenue 1JJ7T 1.11 T 

Profll 702». 59J00. 

Per Share— 1650 Z7.13 

9 Month* 1991 1992 

Revenue 133 T xdft T 

Prohl 10769a 127.530. 

Per Share — 2177 4&05 

T: trillion. 


Hormel (Geo. AJ 

lttquar. 1994 1993 

Revenue 716.17 682.10 

Net Inc. 2155 M 

Per Share 027 024 


Via com 

4fhQuar. ms 

Revenue wi.ff 

Net inc 

Per Share Oil 

Year 1993 

Revenue.— 24)05. 

Net Inc 17095 

Per Share— Ul 


Kmart 

ethOwar. 1993 

Revenue— 10428. 

Net Inc - fa)l.l93 

Per Share — 

Year 19*3 


1992 
ST 154 
1165 
no 
1992 
1465. 
4097 
061 

VBBL ymnrneUncnidesgoinat 

SRU million, im par share 
results after preferred divi- 
dends. 


1992 

9607. 

SJSli 

1.15 

1991 


United States 


American stores 
eth Qaar. 1991 1992 

Revenue <671. 485a 

Net Inc 10167 94J5 

Per Share— 152 U5 

Year 1993 1992 

Revenue 1B763. 194B1. 

Net Inc 24749 307.47 

Per Share 840 3.16 


Revenue 34557. 31616. 

Net me (a >9744) 94U» 

Per Share— — 106 

a: Loss. 1993 nets Include 
charges of S5S3 million and 
loss Of S53 mlllton In quarter 
and charg es of *565 million 
and loss of SSI million In full 
year. 


westvaco 

lit Qaar. 1991 1993 

Revenue — 577 JS Ml.la 

Net Inc 7SB2 764)8 

Per Share — 024 1.14 

TOT w* includes gafn ofsSSJ 
million. 


Martian Stanley Group 
4!h Qaar. 1993 1992 

Revenue 92563 69540 

Net me I8i-2D 14160 

Per Share 2.18 168 


Wool worth 

1993 

Revenue . 2616. 

Net I nc , — (o)46.M 

Per Shore — 

Year 1993 

Revenue 9626. 

K?!£re= ,aM ^ 

a: Loss. 


1992 

1135. 

1654)0 

156 

1992 

9.962. 

280430 

2.14 



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sum’s future is here now — on the 
screens of nearly 2 million home 
computers. 

From the instructional, like the 
“Mayo Clinic Family Health 
Book” and “Art Gallery ” a guided 
tour of the National Gallery in 
London, to the sheer escapism of 
shoot-’em-up games with lifelike 
gone and pornography, computer 
disks known as CD-ROMs are of- 
fering an eclectic array of video 
clips, animation, sound and text. 

For Microsoft Corp„ a best seller 
has been its 599 Encana multime- 
dia encyclopedia, which a company 
executive said sold by the “hun- 
dreds of thousands” at Chris tmas. 

CD-ROM stands for compact 
disk read-only memory, meaning 
the disks . bold information that 
cannot be changed. The disks, 
which a few years ago were largely 
restricted to storage of dry statisti- 
cal data, have made their way into 
home office and rumpus room as 
the fastest-growing segment of the 
$29-bfilian-a-year software indus- 
try. The popularity of CD-ROMs is 
attracting the interest of Holly- 
wood directors, rock stars and an 
army of unexpected multimedia 
warriors such as William E. Colby, 
the former director of the Central 
Intelligence Agency. 

Mr. Colby recently began, work 
on a CD-ROM computer game 
tentatively called “Inside the CIA” 
— a game that may gain a plot line 
or two, thanks to die intriguing 
charges against Aldrich Hazen 
Ames, the CIA official recently ac- 
cused of spying for Moscow. 

Die new software authors have 
plunged into the business as price 
wars and advancing technology 
have produced affordable comput- 
ers imi can offer video images ap- 
proaching movie quality with ste- 
reo sound. 

“Computer software has become 


Many banks are 
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Domestic problems and changing financial circumstances 
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so-called core business. 


Further expansion around the world. 

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offices, most recently in Almaty (Kazakhstan), Lahore (Pakistan)., 
Rostock (Germany), Concepcion (Chile), Kiev (Ukraine), and 
Ho Chi Minh City (Vietnam). 


Core business is the customer. 

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and provide the very best banking solutions and facilities. 


More than 1700 offices in 56 countries. 


Investing in quality. 

Our continuing policy means investing not only in offices, 
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in tradition, perfected throughout our history - which makes us 
determined to continue offering the very highest level of service. 
That is only possible by listening to our clients. And by expanding 


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network. Today we have more than 1700 offices in 56 countries. 
Offering lull banking services to the world’s global community. 


to become the world’s local bank. 


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storage by the mid-1980s in the. CD- 
ROM format. A CD-ROM can bold 
more than 450 times the data of a 
conventional floppy disk, a crucial 
advance because displaying video, 
sound and teat involves huge 
amounts of dJgital computer code. 

Moving pictures, in particular, 
have a voracious digital appetite. A 
single compact disk can store the 
equivalent of 330,000 pages of print- 
ed text, but only about 45 minutes of 
a movie. 

Since the outset, Microsoft and 
dozens of smaller software compa- 
nies have pushed CD-ROM tech- 
nology. But h was largely ignored by 
consumers until late last year. Be- 
fore then, computer makers did not 
routinely offer machines equipped 
with compact disk players. Without 
a sizable market, software develop- 
ers were reluctant to invest aggres- 
sively in making titles. 

That hardware-software standoff 
ended last fall, as price wars pul 
computers in more homes and con- 
sumers discovered multimedia titles. 

“We’d been talking about CD- 
ROM software for five years with- 
out much of an audience,” said Tom 
Cord dry, a manager of the multime- 
dia business at Microsoft. “But the 
turnaround in the Christmas season 
was just stunning. We were caught 
by surprise and couldn't keep up 
with demand." 

Microsoft has 10 multimedia ti- 
tles today, including “An Gallery”; 
the Encana encyclopedia, and “Cm- 
emama,” a movie compendium with 
dialogue, movie dips and reviews. 



NYT 


sell 


500.000 personal com- 
puiers with CD-ROM players this 
year, five times last year's level Mr. 
Dell said. 

A similar trend is under way in- 
dustrywide. The number of Ameri- 
can households owning personal 


ers increased nearly fourfold last 
year to 1.9 million, according to 
link Resources Corp., a market 
research firm. By 1995, it said, the 
total will be 8.6 million households. 

The computer software industry 
is r ushing to tap this new market. 
The number of. CD-ROM pro- 
grams has grown gradually but 
steadily to about 2JSQQ titles. This 
year. Link estimates the industry's 
library of offerings will double. 

With the market opening up, and 
technology allowing many offer- 


tie, who worked on “Ground Zero 
Texas.” a CD adventure game for 
Sega machines, have join«l Holly- 
wood's high-technology pioneen 
George Lucas, in the new field. 
Mark WakLrep of Pacific Coast 
Sound Works in West Hollywood, a 
specialist in audio tracks for muhF- 
media disks, said he was inundate^ 
with work these days.' 

Mr. Waldrep will soon open 0c 
second studio near San Francisco, 
to be near all the computer-game 
companies sprouting up in Silico£ 
Valley. “Hollywood and Silicon 
Valley are about to get into bed 
together because of this technof- 
ogy,” he sakl 

The career of Will Harvey illus- 
trates bow the craft of consume?- 
software has changed as -technol- 
ogy has advanced. j 

At 16, he took savings from his 
newspaper route, bought an Apple 
computer and wrote his first bro- 
gram, “Music Construction Set,* 1 
which allows users to write and 
play music. Since then, he has writ- 
ten four titles. 

Today, at 27. Mr. Harvey is a 
contract software designer for 
Electronic Arts Inc., 3 maker of 
computer games. His income is 
roughly $200,000 a year. 

When he started, Mr. Harvey re- 
called, a game designer was a jack- 
of-all- trades. But today, he heads a 
ream of animators, miukians and 
computer programmers. 

He is working on a compact-disk 
computer game for Electronic Arts, 
yet be has bigger plans. “I’m on a 
f 0-year plan to make interactive 
movies,” he said. “But nobody really 
knows whal that is* including me." 

Indeed, there is a great deal of 
uncertainty about where the tech- 
nology is heading. 




-J v '- 


The most significant thing about 
the boom in CD-I 


G 


Dozens more are being developed, ings, the software industry is emoy- 
D-ROM multimc- ing a new-found diveraty. “The 


Microsoft’s CD-I 
dia titles now provide about a third 
of the company's consumer busi- 
ness, up from less than 2 percent two 
years ago, Mr. Conddry said. Ana- 
lysts put the fast-growing consumer 
unit’s sales at $200 minio n now and 
expea an increase to $450 million 
by 1996, roughly 10 percent of Mi- 
crosoft’s sales. 

Personal computer makers have 
witnessed the same surge in demand 
for CD-ROM technology — mar 
chines equipped with compact disk 
players and, typically, stereo speak- 
ers. “It’s really taking off. particular- 
ly in the high end of the consumer 
market.” said Dell Computer 
Corp.'s chairman, Michael Dell, 
who defined “high end" as machines 
costing more than $2,000. 

Deli, based in Austin, Texas, will 


range of development is incredi- 
ble,” said Gina Smith, editor in 
chief of Electronic Entertainment, 
a new ma prine that cov- 

ers multimedia software. 

“Rock musicians, Hollywood di- 
rectors, and just about every celeb- 
rity in the world is trying to get in 
on this.” 

Rock stars plunging into the 


Rock stars plunging into the 
market include Peter Gabriel Da- 
vid Bowie and the group Motley 
Crue, which has come out with a 
CD-ROM called “Digital Deca- 
dence.” The rock disks feature 
songs, videos laden with special ef- 
fects, dips of concerts, even pro- 
motions for causes like Amnesty 
International. Tap a computer key 
if interested, skip it if noL ' 

Movie directors like Dwight Lit- 


THE AMERICAN 
SCHOOL OF PARIS 


Annual Gala Benefit Evening was hosted by 
United States Ambassador Pamela Haniman 
Dec 9, 1993. We gratefully acknowledge the 
generous donors who made this evening possible. 


ID-ROMs, observers 
said, is that it gives consumers -a 
taste of interactive television and 
movies, which are intended to be 
the main attractions on the so- 
called information highway. In 
short, what can be displayed bn 
computer screens how wdl be on 
television in the future. .. ’ 

“CD-ROM is mostly a bridge 
technology to the future,” said 
Denise Caruso, editorial director of 
Technology & Media Group, -a 
newsletter publisher. “But it will be 
a useful test bed for interactive tele- 
vision, so the industry can start to 
see what people want.” ' 

Many people will probably be 
disappointed by the current crop of 
disks. Today’s interactive software 
is still mostly what designers call 
“branching.”. ] 

A character in a story. for exam- 
ple, reaches a point in the plot, and 
there are three choice^: shoot the 
stranger, run away or reason with 
her. The player chooses by tapping 
a key or clicking the computer 
mouse, and the story proceeds 
along the branch chosen. ; 

Interesting, but is it really coqi- 
pdling? Even people in the indus- 
try express doubts. “It’s still pretty 
limited.” said Tom ZiLo, president 
of Digital Pictures Inc., a producer 
of game software. “But remember, 
this industry is in its infancy.” 


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GAMES: 

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*.*. 5 . -• 

.IT* 


Continued from Page 11 

cooperate on marketing on both 
continents." 

French multimedia producers 
may have an easier time cracking 
the American market than their 
compatriots in film and television 
have had because visual CDs arid 
video games do not depend on star 
recognition and shared language, 
the principal stumbling blocks for 
media exports. A French video 
game “Alone in the Dark,” for in- 
stance, was successful in the U.S. 
because of its visaal appeal and an 
elusive quality known m the trade 
as “playability ” 

“French multimedia developers 
are among the best in the world 
because there is such an emphasis 
on malhemaucs in schools," specu- 
lated Bruno Bonne U, chief executive 
of Lyon-based Infogrames Multi- 
media SA, which created “Alone in 
the Dark." 

They also devour comic book? 
by the kilogram, according to Jean** 
Martial Le Franc, training their 
brains perfectly as video game 
whizzes. Mr. Le Fraiic's company, 
Paris-based Ciyo Interactive En- 
tertainment SA. develops games 
exclusively for American. British 
and Japanese distributors. His lat- 
est production. “Conspiracy” pits 
movie actor Donald Sutherland 
against the commissars plotting a 
coup to overthrow the former Sovi- 
et president. Mikhail S. Gorbachev, 
and was designed for Virgin Inter- 
active Entertainment. 

Foreign backers like Virgin. 
Software Toolworks Inc., Sega En- 
terprises Ltd. and Victor Co. of 
Japan come knocking because the 
demand for video games greatly 
outstrips production capacity — 
and the budgets rise accordingly. 
“In France, the budgets for films 
are nowhere near what they are in 
the U-S-," Mr. Le Franc said, “but 
with these outside investors for vid- 
eo games and new media, we can 
co mman d budgets on a par with 
everyone else.” 

American investors are easily 
drawn 10 new media because the 
financial risks are so much 
than for Film and television produc- 
tion. Where a modest Hollywood 
film costs $20 million, the average 
development cost. for a visual CD 
in France runs less than $300,000. 
according to Amaud Lagardire. 
chairman of Matra-Hachette Mul- 
timedia. 

"In the U.S.. financial institu- 
tions are anxious to invest in multi- 
media," observed Gerard Guille- 
mot, m a nagi ng (Erector of Ubisoft 
SA a Paris-based games developer. 
“But in France, it's just the oppo- 
site, The financial institution* re- 
main overly cautious." 








..... 

*3.- ; __ 


—1 


"'3 ■- 

J. 

>p'i 






? ^■'3r 


ft* 






S3»v ■ 



I 





World News. World Views. 


Every day, the International Herald Tribune provides clear and concise coverage of world events 

with a scrupulous separation of reporting and opinion. 

For objective and informative reading, make sure you get your copy every day. 

For subscription information, please call: 

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1 


9 

















































































Page 20 


INTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 


SPORTS 

Changes in Bulls’ T .infs iip 
Fail to Move Cavaliers 



The Associated Pros 

It is reaching the pant where the 
Chicago Bulls can't win at home. 

True, they are 20-6 in Chicago 
Stadium, but they have lost four of 
their last six there, the latest defeat 
coming with an 89-8 1 loss Monday 
night to the Cleveland Cavaliers. 

Chicago's coach, PhD Jackson, 
changed his starting lineup by 
benching guard Pete Myers, mov- 
ing Scotlie Pippen from forward to 
guard and inserting Toni Kukoc at 
forward. 

It made llule difference: Kukoc 
missed all nine of his shots and did 
not score, and the Cavaliers won 
their seventh straight. 

“I thought that again tonight we 
were overall just outplayed by our 
opponent," Jackson said. “They 
contested everything we did and 
there were no easy shots. 1 ' 

"The experiment with Toni as a 
starter faded miserably," he said. 
"He needs to get comfortable. 
Maybe after a good hard practice 
we can get back on trade." 


The Cavaliers are very much on fort tonight," said the Cavaliers’ 
track despite a rash of injuries, ccech, Mike FrateQo. “The guys 
Against the Bulls they received 19 readied deep down inside to corn- 
points from Mark Price and 17 pete against the Bulls here: You 
from Bobby PfaHls. hope to sustain some of that effort 

“We got good play from the after the first 24 minutes since you 
young guys,” Price said. “They’re know they arc going to come back 


making the most of iL" 

The Cavaliers’ medical list keeps 
growing: Brad Danghlery (hernia t- 

NBA HIGHLIGHTS 

ed disc), Larry Nance (strained 
foot tendon) and John Battle (dis- 
located dhow). 


at you here. Tonight, we got contri- 
butions from everyone.” 

B J. Armstrong scored 20 points 
and Pippen added 18 for the Bulls. 

“We've lost a little some thing 
and I don’t know what it is," said 
Pippen. “There is no tenacity. We 
don’t have the same mental tough- 
ness as we did in the fust half" of 


Cereal a point where the guys the season, 
are feeling comfortable with the , 

system,” Price said. Tm just trying ^ J 0 " 0 ?* ^ two 

to be the father figure with the | nard ^ not 

young mm." finger-pointing or anything, but 

Cleveland stretched a 43-38 half- T°™ *“» to ft bel * er ****• He 
lime lead to 63-45 when Gerald to 56 a better afl-around play- 


WDkrns sank a 20-foot (6-meter) 
jumper with 5:08 left in the third 
quarter. The closest the Bulls got 
from that point was the final score. 

“Tm very, very proud of the ef- 


Uconn Slaps Down 
Hometown Hoyas 


The Associated Press 

Connecticut’s basketball coach, 
J im Calhoun, couldn't immediately 
describe how be felt about finally 
beating Georgetown after 12 
straight losses on a home court to 
the Hoyas, but he was sure it was 
some thing good. 

“I haven’t had time to think 
about it,” Calhoun said after the 
No. 4-ranked Huskies edged 

COLLEGE BASKETBALL 

Georgetown. 66-62, in a Big East 
Conference game Monday in Lan- 
dover, Maryland, where the Wash- 
ington team sometimes plays. 

“Maybe on the way back it’ll hit 
me. Still, when you think about all 
the great Georgetown teams that 
have played here over the years, it 
stands out as being something pret- 
ty significant" 

Donyell Marshal] scored 23 


tion, scoring lOof his team-high 22 
paints in the final 8:40. 

“Olhella made some big shots in 
the second half, but I think by the 
time it really counted, be was worn 
out." Marshall said. “I think that 
really hurt them." 

A tip foDow by Don Rdd pulled 
the Hoyas to 64-60 with 2:1 1 left 
After the t«im< traded turnovers, 
Joey Brown found Harrington for 


Kukoc said he was excited about 
making his sixth start of the season, 
but nothing good came out of it 

“I had a couple of open shots 
and didn't take than," he said. “1 
put myself in trouble early. I passed 
the ball when I was open and I 
should have shot iL This is the first 
time 1 have played a lot of minutes 
[23] and not scored in my basket- 
ball career." 

Since the All-Star break, the 
Bulls are 3-5 and their scoring aver- 
age in their last five losses is 84 
points, 12 less than their overall 
average. 

Jazz 89, Rockets 85: Karl Ma- 
lone scored 18 points, two on a 
fadeaway in the lane with 35.9 sec- 
onds left that gave Utah its sixth 
straight victory. 

The victory made it a back-to- 
back sweep of the Rockets, whan 
the Jazz had beaten, 95-85, tm Sat- 


an easy layup to cut the deficit to urday night in Houston. The Jazz 
64-62 with 18 seconds left to play. have also defeated San Antonio 


64-62 with 18 seconds left to play. 

Reid then fouled Marshall on the 
ensuing inbounds play. Marshall 


have also defeated San Antonio 
and Phoenix in the last few days. 
The Rockets’ Hakeem Olajuwon 


points and Connecticut (25-3, 15-2) Razier added 12 points to 

held off a late rally by Georgetown become the third player m Louis- 
(16-8, 10-6) after going ahead for ^toiy to score 1,000 points in 


who went down early in the game led all scorers with 20 points, but 
after taking an elbow from Har- missed four free throws in the 
rington in the side of the head, fourth quarter, in which he was 
made both free throws to put the scoreless, 
game away. 

No. 18 imbriBe 108, Howard ~w~ »r j 
65: Greg Minor scored 13 of iris 25 / Wl / /i /Tfiipfi 
points during a 28-3 first-half run ■•■A/ /XI frf Uok 

and Louisville (23-4) coasted over 

visiting Howard (10-15). Center tPfPsnl-m K srl 



jtcjnr 

Mi 


Scotiie Pippen, moved from forward to guard, was moved further out by the Cavaliers’ GnbTMST 


LSU Adjusts Its Had of Fame Rules ACMihn Dnl , , 
That Excluded Maravieh and O’Neal Papin for Match 


good with just under 13 minutes 
left in the first half and increasing 


its advantage to seven points with 
just over two minutes left before 
intermission. 

After Georgetown cut the deficit 
to 38-35 in the opening minute of 


two seasons. The others were Wes n ATn ^n3r C ■ 
Unseld and Butch Beard, now the 4 ,®^ TC ? N t ROUGE, Lomaana — 
Howard coach. Although Louisiana. State Umver- 

couldn’t make the school’s hall of 
Neither could Shaquille O’Neal, 


ter a 10-year career with the changed," said « Hn guisifcs profts- 
Hawks, Utah Jazz and Boston Celt- sor, Hugh Buc kingham, the only 
ics. council member who voted to keep 

1 O'Neal left school in mid -semes- . the old policy. “I get tired of hear- 


ter after his junior season, signing a ingthal" Wednesday night's Champions’ 

reported seven-year, $40 million The change, he said, tells people Cup match against Werder Bre- 
contract as the Orlando Magic's that “it's too much to expea some* men, the Italian club said Tuesday. 
No. 1 selection in the 1992 NBA one to graduate.” He added, “I Papin, whose game has declined 
draft ^e went on to win the can’t go along with that" since last season, when he scored 13 

league's rookie of the year award. A school spokesman. Hob Via- goals in 22 matches, will be re- 


Against Bremen 

Agence Fnmce-Presse 

ROME — Striker Jean Pierre Pa- 
pin will not play for AC. Milan in 
Wednesday night's Champions* 


-Trasssa 

advantage of several lapses by the \ ” “““tod San rran casco (16- 

Hnv«( in wtp Th>> nvvnmhnn !")■ ti - n vr -.i • .. . 


Hoyas to seize the momentum. 

Georgetown turned the ball over 
four straight times; three tunes the 
Huskies scored to open a 44-35 
advantage with 16:08 left to play. 

“I thought we got a little too 
anxious with some of our shots," 
said Georgetown’s coach, John 
Thompson. "We have to get the 
ball inside to be effective, and when 
we were doing that, it worked for 
us." 

After the Huskies increased the 
lead to 51-40, Othella Harrington 
pulled the Hoyas back into conien- 

DENNIS THE MENACE 


• Wade Houston, with Tennes- 


The reason? Neither graduated. 
The rules were changed Monday 


see’s team heading for its worst when the LSU athletic council vot- 
record m more than 30 yearn, has ed, 9 to 1, to consider nominees 
resigned as the school s basketball who don’t meet the hall’s require- 


«»ch. meats: 

He said he would leave after this nation: 
season. The Vols have two regular- acter. 


season games left before the 


n t meet tne nau s require- 
sraduation, a varsity letter, 
[distinction and good char- 


league’s rookie of the year award. A school spokesman. Hob Vin- 

“Ev eryone here has a strong cent, said exceptions had hem 
commitment to academics," said made in the past when an athlete 
Loren Scott, an economics profes- left school to go to war. 
sor who is a member of the athletic The vote means Maravieh can be 

council “But if Shaq came to you nominated at the hall of fame selec- 
after three yean with the offers be tion committee meeting in Dccem- 


Maravich left LSU without a de- 


eastera Conference tournament in grec when the Atlanta Hawks of 


two weeks. 


the National Basketball Assoda- 


had, would anyone honestly have ber and, if the councfl grants an 
said he should have stayed in exception, his nomination win be 
school?” voted on in December 1995. 

LSU was the only school in the O'Neal cannot be nominated un- 
Southeastem Conference that re- til 1995, three years after he left. If 
quired hall of fame members to he is granted an exception by two- 

ka« , dama. iL. iLI^J. .f a I ..Ll^i. 1 I 


CC JJ C Vok m 5 '! 9 . “ d 1031 “ toe tion signed him to what in 1970was 
SECs eastern division at 2-32, the richest rookie contract ever, 
They are on track for Tennessee s jjj) million. He is the NCAA’s all- 
vrorst regular season since the time leading scorer and was elected 
1961-62 team finished 4-19. to the Basketball Hall of Fame af. 


have a degree, the council’s re- 
search showed 


thirds of the athletic council and is 
named on 80 percent of the selcc- 



PEANUTS 

( WAKEUP/IT'5 \ 
A PERFECT 
PAY FOR CHASING, 
„ RA B51T5! J 


to the Basketball Hall of Fame af- dynamic 


r WHAT 

Are you 

.DOING? . 


jr J/ ^ j '~* ,v 1 


“I keep hearing that the whole, tion committee ballots, he could be 
namic of ’student-athlete’ has inducted in 1997. 


'YOU PONT CATCH N 
RABBITS BY HANDING 
v 0UT LITERATURE.. J 


placed by Montenegro ptaymaker 
Ddan Savicevic as the third non- 
Italian on the team. 

Papin, the former captain of 
France's national team and winner 
of the European Footballer of the 
Year award, was dropped for Sun- 
day’s 2-1 league victory over Fog- 
gia. 

Although Papin has a contract 
for 3994-95, the Italian press has 
reported that Milan’s coach, Fabio 
Capello, is fast losing confidence in 
the striker. The speculation is that 
be will return to Olympique Mar- 
seille, or go to Japan to play. 


High- Tide Odors 

International Herald Tribune 

T URIN — As inevitable as flood waters pouring over walls not buhl 
to withstand them, so the Italian financial scandal seeps imo 
Europe's major soccer competitions. , - 

With so many Italian industrialists and paitiamentanans besotted with*' 
the spot — or merely using soccer as a populist acquisition — it was only 
a matter of time. UEFA, already embarrassed by the corruption sur- 
rounding the 1993 European champion, Olympique Marseille, is trying to 
keep its finger in the dike of the Torino Affair. 

Italy’s Guardia di Finanza has dug deeply into Torino and its all ege 
myriad financial malpractices, not least of which involves the now 
deposed dub president, Gan Maura Boreana A member of parliament 
indicted in major business scandal he allegedly siphoned large amounts 
of transfer fees into Swiss bank accounts. One such transfer, the sale of 
Gianlirigi Lentini for $20 milli on to AC Milan, supposedly entailed an 
under-the-counter payment of $5.5 million. 

Furthermore, Silvio Berlusconi, the Milan team’s owner, who now 
is running for the office of prime minis- ^ — 
ter, is reputed to have acquired 51 per- n.>. 
cent of the shares in the Torino club. Ullltfcai|1 ' 

Such a nice fellow, such a friend to nu " nes l 
soccer, Beriusconi apparently is offer- 

ing his wealthy hand to Torino, as be would to Napoli, to ensure that if 
the receiver ever did call in the debts those famous, but infamously ffl- 
nin, chibs would be spared closure. 

UEFA is wisely keeping its distance from the financial internal politics 
of Italian soccer. No doubt it hopes that Arsenal the London team which 
on Wednesday plays Torino in the first leg of a Cup Winners’ Cup 
encounter, can erase from Europe the possibility of a second Marseille. It 
will be touch and go. even if Arsenal did crush Standard Liege of 
Belgium, 10-0, in the previous round. 

Nevertheless, UEFA has attempted to be judicious in riming its own, 
forced inquiry into allegations that Torino, before a match against AEK 
Athens two years ago, sought to bribe a referee and linesmen by 
providing prostitutes thinly disguised as “interpreters." 

The more the police probe, the worse the aroma of scandal in Turin 
grows. Two Uni guy an players abruptly departed the scene last month, 
one of them the highly potent goalscorer Carlos Aguilera, who has been 
linked by investigators to a drug and prostitution racket rim between 
South America and Italy. 

Aguilera, of course, protests his innocence. Bnt he and the other 
Urguguyan, Maxcelo Saralegiri, have quit Torino, with the club's blessin g r 
just at a time when the next round of European honors beckon. 

Remarkably, the club limps on. More remarkably its coach, Emiliano 
Mondonica, die man left holding his bankrupt baby, cajoles, bullies and 

a rash of injuries! bus team on ^mSa^brnkiter Milan, 2^X^orino’s 
second victory in a dozen games was testimony to Mondonica's wily 
ability to time his team's successes. 

Ah, timing. UEFA has set a date for its inquiry involving Torino: 
March 17, two days after the return leg against Arsenal in London. 

Europe's govmwig body of soccer has also taken care with its referees. 
For Wednesday’s match in Turin. Jod Quinou, known as the incorrupt- 
ible Parisian, will be in charge. He will be attended, at all times, by two 
UEFA minders. So, too, in London a fortnight later, will the Dutch 
referee Jan Blankenstein. 

T HIS ARBITER of the second leg happens to be the one top referee in 
Europe who openly professes ms homosexuality. “I don’t think,” 
Blankenstein says smiling when the question of attractive female Torino 
interpreters is raised, “tint will bother me!” 

Blankenstein, in any case, deserves the limelight He was deprived of 
handling last month’s prestigious match at San Siro between AC Milan and 
Parma for the European Super Cup. UEFA did not want to risk having a 
Dutch official taking disciplinary action that might keep a Parma player 
out of Thursday’s Cup Winners’ Cup match against Ajax Amsterdam. 

Alas. The stand-in referee showed yellow cards to three Parma defend- 
ers, aD of whom will now miss the match in Amsterdam. It means that 
what was already in prospect, a scintillating contest between two attack- 
ing sides, will be more open than ever. 

And do not write off Parma. Not only did it outwit and outplay Milan 
in that Super Cup, it boasts three attackers — the Swede Tomas Brotin, 
the Colombian Faustino AspriDa and, by heavens, an Italian, Alessandro 
Melli — whose ginning, speed and opportunism is enticing. 

f almost wrote: a- pure delight. But where soccer for huge financial ' 
stakes is played, purity is the last adjective that springs to the cautious 
mind. The really massive rewards are, these days, in the Champions’ 
League, itself a ruination of former European Cup knockout traditions. 

Two forces dominate. In pod B, the Beriusconi squad in Milan, despite 
having to do without Dutch influence, now squeezes opponents to dour 
defeat. In pool A, inconsistent but more enjoyable by far, Barcelona is the 
favorite. 

On Wednesday Barcelona will be firing shots at Monaco, which 
replaced Marseille. The team from the principality is capably managed 
and built around the competitive German, JQrgen Klinsmann. 

But it faces a Barcelona club that has struck for 14 goals in its last three 
Spanish league games. Three, by the Bulgarian Hratro Stoichkov, the 
Brazilian Romano and the Dane Michael Laudrup, quash this season’s 
impudent Spanish league leader, Deportivo la Caiima, last Sunday. 

The irresistible forward strengths of Barca are occasionally matched by 
uncertainty on defense, and by the same problem that beset Milan, that of 
having too many foreign players for real harmony. So there is a chance for 
Monaco, a chance under the heading of natural justice. 

To its players, I commend the words of the dd Roman poet Horace: 
“Seize today, and put as tittle time as you can in the morrow " 

/tab Hughs a an At staff ef The Tima. 


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SPORTS 


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1 ^ Fourth MVP? For Giants’ Barry Bonds, the Sign k on the Wall 

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By Murray Chass 

New York Timet Service 

SCOTTSDALE, i^izona — At first. 


■A*, tt' : — -vr -'•“wnuus Uii you Win 4. 
But the ago, Barry Bonds quickly concluded, 
coaid serve a purpose and he taped it back up. 
Now be had two maor motivational spare; the 

other is a bet with Jose Canseco. 

Km need something to keep you motivat- 
. Bonds said recently before the San Fran- 
. asco Giants* workouL ‘That’s something they 
. put on my locker to keep me motivated. At least 
this team Knows what makes me tick.” 

The Giants watched Bonds tick like a nuclear 
bomb last year, in his first season with them 
■ playing under the weight of the most lucrative 
contract m baseball history, he baited J36, hit 
46 home runs and drove in 123 runs. 

He led the league in home runs and RBIs, 
, aad he was also No. 1 in slugging percentage 


(.677), on-base percentage (.458), total bases 
(365) and extra-base hits (88). 

Although the Giants fell one game short of 
tying for first place in the National League 
West, Bonds was named most valuable player 
for the second successive season and the third 
lime in four years. 

“1 was shocked,” Bonds said of his latest 
award. “Like my contract. Tm still not over that 
I never thought I'd make tha t rmirfi money." 

No baseball player has ever made $43.75 
million for six years. No one ever has won four 
MVP awards either. Is a fourth award impor- 
tant? 

“They’re making it important," Bonds said, 
pointing to his t eamm ates and the sign above. 
“It is a tittle bit, 1 guess. It's important to see if I 
can do something no one has ever done. Can I 
win the fourth one? Is it posable? Will they 
make me do some inhuman thing to win it?” 

“All you do every year is try to stay consis- 
tent,” he added. “I try to keep up the same pace. 
Every year I wind up doing something a little 


better than the year before. Tm digging a hole 
for myself." 

But it is a bole out of which Bonds can climb. 
He has proved be is that good, a player unparal- 
leled for his all-round performance; hitting, 
running, fielding. But h is not easy being Barry 


That’s where the motivational forces enter. 
The sign, for example. And the bet with Can- 
seco. 

“He told me I could never do 40-40 ” Brads 
said. T said give me three years.” 

Last season Bonds won another bet. “He told 


Toil need something to keep yon motivated. That’s 
something they put on my locker to keep me motivated. At 
least this team knows what makes me tick.’ 

Barry Bonds 


Bonds, he pointed out, and it won't be easy to 
attain a fourth award 

“You start losing that motivation because 
your body is hurting,” he said “There’s too 
much pressure, too much up in your head To 
do that, you have to be in there every day. You 
can’t take days off even if you're hurting.” 


me Td never hit 44 home runs,” Bonds said 
(Canseco chose that number because that is how 
many home runs he hit in 1991.) “He said you 
can’t do it. When somebody tells me I can’t do 
something, I go out and do n. 1 got 46 and eatleri 
him and He bad to think of something else." 

In 1988, Canseco hit 42 home runs and had 


40 stolen bases, the first player to reach the 40 
plateau in both categories in the same year. 
Bonds has done 30-30 once, but when hemt 46 
home runs last season, he had 29 steals. When 
he stole 43 times in 1991, he hit 25 home runs. 

Bonds said he has asked himself if 46 home 
runs was a fluke. 

“Am I strong enough to do it again?” he said 
Then again, can he steal 40 times? His number 
of stolen bases has declined each of the last 
three seasons, from 52 to 43 to 39 to 29. 

The number of stolen bases, though, paled in 
relation to the rest of his performance. It was 
good enough to win not only a third MVP 
award but also a first Triple Crown. He missed 
only on the baiting title, finishing fourth behind 
Andres Galarraga, Tony Gwynn and Gregg 
Jefferies. 

“I don't want no part of it,” Bonds said when 

asked about winning the Triple Crown. T try. I 
try every year. But somebody’s going to bit one 
more home run, drive in one more run. Where 
did Galarraga and Jefferies come from? You 


know Tony Gwynn is goin° to be there.” 

Bonds could lead the world m everything; he 
could be MVP again But he would re main 
unfulfilled and filled with doubt if the Giants 
did not get to the World Series In the last four 
years, he has been on three division champions 
in Pittsburgh and a team that won 103 games 
but not the division championship. 

This year the Giants don't have the Atlanta 
Braves to contend with because the Braves have 
moved to the Eastern Division. 

T have mixed feelings,” Bonds said of the 
realignment into three divisions “Could I have 
done it with two divisions? I don’t want any 
favors. Was I ever good enough to win in two 
divisions? You warn to do il the wav everybody 
dse did it” 

And in the end, he concluded, it doesn't 
matter which division the Braves are in. If the 
Giants finish first they still might have to play 
the Braves, 

“Wherever Bany Bonds is,” he said, “they're 
there.” 


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New NL Head 
IsExpecledto 
Be G>lemaii 

The Associated Pros 

. SCOTTSDALE, Arizona — 
", Leonard Col eman, major league 
baseball's executive director of 
market development, was expected 
. w be elected National League pres- 
V ident Tuesday. 

Coleman, who is black, would 

- succeed BQl White, the highest- 
- 1 ranking black official in U^. pro- 
Z fesskmal sports. 

Baseball’s dub owners began 
. gathering Monday night for three 
days of meetings, and most said 
.they expected Coleman’s dection 
to be the highlight of the session. 

Coleman, 44, was hired in De- 
cember 1991 by the commissioner 
<- then. Fay Vincent. Before, Cole- 
' man had been vice presdait of 
municipal finance at the firm of 
Kidder, Peabody & Co. 

The other noteworthy business 
. at these meetings is the appoint- 
ment of a new expansion c om mi t- 

* tee, which the executive council ap- 
, proved Monday night. Phoenix and 

- St Petersburg, Florida, are expect- 
.. ed to eventually be awarded fran- 
chises. But given baseball’s long 
, and politicized process, a decision 
on expansion is probably at least a 

’ year or two away. 

Also, the owner of the Chicago 
White Sox, Jerry Remsdorf, was 
, dropped from die board of the 
T eight-man Player Relations Com- 
mittee and replaced by John HHs 
. -j 1 \*J 0 t the Seattle Mariners. 

r ” "Wlnte, who’ succeeded A. Bart- 
■ " letl Giamatti as NLpresideiit, orig- 
inaliy was to leave office last Apnl 
1, but stayed indefinitely because 
' of the turmoil in baseball's man- 

* agement following Vincent's ouster 
in September 1992. After owners 

. decided in January not to hire a 
; commissioner this season. White 
'intended to resign immediately but 


.m 


'V'sr. 


i:i: 


-V'. 


: 'Tu 

- ss 


:.r» 


■v^jt 



a 


Krria Ghtimtya/Tbc Aaootusi Pits* 

Mi'cfaad Jordan, wfao has attracted considerable attention as he attempts to switch from professional 
basketball to baseball, practicing his sfides at the Chicago While Sox camp in Sarasota, Florida. The 
team’s manager. Gene Lamont, said Jordan would start Thursday’s intnsquad game in right field. 


was persuaded to stay on the condi- 
tion the search be stepped up. 

White has spent mum of the past 
six weeks on vacation, according to 
baseball officials. He has avoided 
talking to reporters fra most of Ins 


term, but did express frustration 
when he spoke lo the Blade Coach- 
es Association at Atlanta on May 
28,1992. 

“I deal with people now who I 
know are racists and Ingots,” he 


said then. “Fm bitter. Tm mad. Tve 
gone through things none of yon 
have gone through," he said. “If 1 
said what I really fed, no one 
(black) would follow me into that 
chair.” 


Baiul, Petrenko to Train in Connecticut 

Hartford Will Build 
A $5 Million Rink 

The Associated Press 

HARTFORD, Connecticut — Oksana 
Baiul. tbe Olympic gold medalist in fig- 
ure skating, will be moving to Connecti- 
cut to train, which has prompted Han- 
ford's city council to approve 
construction of a S5 million world-class 
slraring center. 

The wispy 16-y ear-old Ukranian will 
be joined by her coach, Galina Zrmevs- 
kaya, and the 1992 Olympic figure skat- 
ing gold medalist from Russia, Viktor 
Petrenko. Baiul will continue to repre- 
sent bra country in skating competitions. 

Bob Young, an Olympic coach who 
will be Lbe director of the proposed Inter- 
national Skating Center of Connecticut 
at tbe University of Hartford campus, 
said Baiul and Petrenko want to train in 
the United Stales because it has better 
facilities. 

“It is fantastic,” Mayor Michael Peters 
said Monday night after the council ap- 
proved the plan. “It will put us on tbe 
map again — not just as the insurance 
capital and home of the Hartford Whal- 
ers” of the National Hockey League, 

“but home of some of tbe world’s best 
skaters.” 

With the move lo Connecticut, Baiul 
will be about a two-hour drive from the 
Stoneham, Massachusetts, home of silver 
medalist Nancy Kerrigan. It was not 
immediatel y dear when Baiul win relo- 
cate. 

The skating center is to be built inside 
a prefabricated metal structure that 
would be set up on the northern section 
of the University of Hartford campus, 
next to the existing sprats complex. 

It would be open to the public fra 
recreational skating and hockey leagues. 

Hartford residents and teams would get 
a 50 percent discount, said the complex’s 
developer. World Skate Ino, a group led 
by a Simsbury developer, Stephen Fish. 

The center would have^ o ne Olympic 

wtDbe buCt\ithin three years to NHL 
standards. 



Jeff Vjamd'Rmm 


Tonya Harding looked stunned when she saw tbe throng awaiting her at PortiandTs airport. 

Harding Comes Home , Flees for Safety 


The Associated Press 

PORTLAND, Oregon — Tonya Harding came 
home from the Olympics to a greeting that was 
unique for an eighth-place finisher. 

The crush of reporters, photographers and fans 
at Portland International Airport was so great 
Monday night that airport officials ushered the 
figure skater back out the same gate she’d just 
arrived through. 

“It gave us a real concern fra her safety,” said an 
airport spokesman, Darrel Buttice. “We decided to 
improvise and take her out the jetway 

Harding looked startled as she entered the air- 
port after her flight from Salt Lake City, the last leg 


of her return trip from Norway. Fans cheered, 
waved signs and blew kazoos. 

After some coaxing, she stepped to a podium. 

“I want to thank everyone for bang here to- 
night,” Harding said. “You can tell 1 have a cold. 
Tm glad to be home. It’s great. Norway was beauti- 
fuL It’s nothing like home, though. But, anyway, 
thank you for coming and m see you guys soon.” 

A Port of Portland police car transported Har- 
ding and her gropp around the airport to a. wailing 
white stretch limousine. A security guard said Har- 
ding complained that someone had punched her as 
she walked through the pack of people. In the 
crush, however, it was possible that it was just an 
inadvertent collision. 


■ '.S 


SCOREBOARD 

-NBA Standings 



EASTERN CONFERENCE 



Atlantic Dttrfetaa 




W L 

Pci 

GB 

tew York 

34 19 

ASS 

— 

Orlando 

33 20 

JOS 

2 

mans 

79 25 

-537 

4Vj 

• NewJarsey 

28 24 

.519 


Bauan 

20 38 

-364 

14 

► PtHtaflWphJa 

20 38 

364 

14 

• WattUngton 

14 39 

.291 

20 

• 

Cntfroi DtvbMm 



• Atlanta 

38 14 

704 

— 

• oncaga 

37 18 

473 

1W« 

» Ctovetand 

32 24 

-571 

7 

• Indiana 

28 25 

-Kffl 

9to 

• Chortatto 

23 30 

.434 

MVS 

• Ml Iwaufcee 

14 39 

791 

22 VS 

• Detrail 

13 41 

741 

25 

’ WESTERN CONFERENCE 



Midwest Dtvtstaa 




W L 

Pet 

GB 

Houston 

38 IS 

717 

Vi 

' Son An tonfo 

40 14 

.714 

— 

* Utah 

38 19 

M7 

zv> 

r! Denver 

27 28 

jtr\ 

I2to 

J Minnesota 

14 37 

xa 

2ZVi 

- Danas 

8 48 

.1C 

32 


PotJfk: Dtoteioo 



Seattle 

39 14 

736 

— 

Phoenix 

34 17 

jsn 

3 

Portland 

34 21 

A18 

6 

GoWen State 

31 23 

J74 

5V3 

, LA Lakers 

20 33 

371 

19 

Sacramento 

19 38 

782 

20V> 

, LAatooers 

18 35 

740 

21 



- 



MUM 

* oucobo 21 n n 22—ti 

’ C: Ptillb 7-13 W 17. Price 7-12 2-2 19. C: 
. AnUBtfrong 7-11 «20LMPPenWr 1-2 W. IW- 
, bonds— Onefold 45 tHIItwimiwM.aiico- 

, bo 40 [PlBpenW.Asolst*— Ctevetandl3(Prleo 

. O# CMcaso 36 (Pfppon HI. 
teuton MOB 17^-U 

• Soi 22 SI IS 1S-W 

’ H: Olalvwon 7-14 4-12 20. Smith 5*2-2 12. U: 
, Malone 740 ** « Stockton 6-9 *+ ™ Ra- 

booods-Houston 47 [Thorpo 11>* jf 
(Corbin 9). Asrtm-Houston to fCaswfl 
Utah 22 (Stockton 7). 

; Major College Scores 

! EAST 

, CWweNeut 66. Goorgetown 42 
4 Now 79, Army 49 
, Viaonovo 55, Lo Salle 54 
, SOUTH 

% CwUnary SO. Coni Rwf» ™ 
i Q*. ol QnrM« 69, Somtortl » 

OovtdHA T9. VMt 45 
, Rortda Atlantic 75, N. Cnrollna «. 71 
- Forman S3, Morstiofl 44 
Gooroto SL 7& Morcer 47 
UutwiUo 108, Howard IL 45 
MWdte Term. 82, E. Kentucky 75 
Morray SI. ML TawMartln 77 
N- Carolina AST 87, Moraan St. 74 
itC Charlotte 9i James Madison JO 
Now Orleans 76. South Atobonw a 
Nktells Sf. 95, MCNeese St. 70 
Motion 74 SE Uulskmo 71 
Tlenusec Todi 82, Morewad St 71 
Ta-OnttanooBa 71, Gearela Southom « 

*• Carolina 5* Citadel 51 

Kentucky TO, L«iWW» Todi o 
MIDWEST 

Bnmy TU Otigmon 49 
Ckwotond St <4 IIL-Chlcaoo 44 
°n*o 109, Wichita SL 47 
Mauwno 84. Son Frandsc® 45 
N. tom 84, 5W Missouri SL 74 
NB IffiiMo 90, Hofstra 74 
fB Missouri 98, Austin Pem 72 
'bharotaa 7ft Youngstown St 55 
W. mtnols 77, Wfcs.- MllwoukM 42 
W^CflMO BOV 5ft E. Illinois 45 
SOUTHWEST 
Rock 92, OromblM St. * 

Sf. 44, Jacksonvilto 71 


SW Texas SI. 89, NE Louisiana 40 
Sam Houston SL 83. Toxas-Arnngton 71 
Stephen F .Austin 4ft North Texas 41 
Texas 104, Oral Roberts 49 
Tera-San Antonio 87, NW Louisiana 79 
Tulsa 79, Indiana SI. SA 

FAR WEST 

UC Santa Barbara 77. New Mexico SL 49 
TOURNAMENT 
Northeast Conference 
First Round 

Mount SL Mary's. Md. 90. SL Funds. NY 81 
SI. Francis. Pa. 103. Lang I stand U. 79 

t4iMikM.HMn.-M 

BASEBALL 
American League 

MINNESOTA— Agreed to ferms wHh Ron 
CarMad. Lorry Costan, Jose Correa. Eddie 
Guardado and Juan Pulido, pitcher* an 1- 
yvor contracts. 

National League 

MONTREAL— Agreed to terms with Tim 
Laker ond Tim Saehr, catchers; Seen Berry, 
Wl Cordero and Ml to Honloe,MMdars; Ran- 
dell White and Lou Frazier, outfielders; and 
Town Alvarez, Miguel Bat tela, Jeff Faseero 
md Gabe White, Pitcher* an l-veor contracts. 
BASKETBALL 

National Basketball Assoctattaw 
CLEVELAND — Activated Gera WMadkJra, 
guard, from I toured list. 

FOOTBALL 

National Football League 
ATLANTA— waived sieve Broussard, run- 
ntaa back; Frank GknneflL Hnebacker; and 
Brian Mitchell, comertmek. Signed Roman 
Fortin, offensive nnemcm. to Zrear contract 
Named Fn»* Ganxz oosWant head coaeti and 
Parrel -Mouse- Davts anrwtocu coach. 

CHICAGO — Agreed to terms with Mark 
Bortz. guard, on 2-veor contracL Stoned Andy 
Hecfc, offensive lineman, lutwotor sheet. 

CLEVELAND— Agreed to hums with Vtnnv 
Testoverde. quorterbadc. on Smear contract 
DET ROIT— Wtoved Michael color. 11 no- 
backer. Signed Chuck Lana, owrtertat*. 

GREEN BAY— Named Larry Braoksdefen- 
ilve line cuocti.BrloiNobte, linebacker, retired. 
Signed Matthew Eltor. defensive end md 
John Fisher, offensive lineman. 

HOUSTON— Named Gregg Williams tow 
backers coach. Frank Novak speeM loams 
g/xlnmnlfHlbockax>chondFr aitiBid h>>e- 
ckji teams and aualltv aintroi caaeh. 

INDIANAPOLIS— Wahtod Duane Blcfcatt, 
UnebMker; Clarence Verdin, Reoalo Longh- 
arne end Jesse Hester, wide recetvenu Scm 
Cioncv and SKIP McClendon, defen sive lin e- 
men; Ron Sort and Michael Hekll, offensive 

linemen; ond WfflTen Will lams naWhlO bock. 

LA. RAIDERS— Jae SaanneJIa offensive 
backfWd coach, retired. 

LA. RAMS— Named Stove Moore reeatoero 
ceoeh and Mike Marti quartern**# okJl 
D qvW Wilson, safety, and Boh 
Brashe r, tigh t end. Howd Tipped, special 

•■JlJUjSJSgSoSAIklns, freesafety,lo 
tESrSrtm*. Re^laned PetoStayanovWi. 

^Minnesota — N amed Jerry Rhome re- 
Jrtrseoadt.' totoosedAudrayMcMflllan. 
JS^agned CWts Hinton, ottonslve 

m^orleans— A greed totorrm wiihRM i. 

ntaa Turnbull, itoeboefcor.an swr Laniroa 

jS5-CWs Bwtett, wide rearfvor,_ 

"•pMEHrx-N™, -2; 

auailty control coortv and Rob Ryan defen- 

Derrick Dense, 

JSSS5- ”-*—>255; 

^loSdS^lSSSSS^dehnJ 

Larrv Klriaer reetovera 


SEATTLE— Rueben Moves, running back, 
and Grant Feaset, center, retired. Waived 
Rav Berry and Dtno Hocfcetr. ilncbocicerx. 
Stoned Nate Odamcs, comerbadk. to Hot 
c on tracL Stoned Howard Baltanl. offensive 
ladde, to e-rear contract. 

HOCKEY 

National HocSwr League 
NHL— Suspended Tamr Grmjtn, Lea Ange- 
las left wing, tor 15 oomes without pay and 
fined him SSBO far slashing Nell WltUnson, 
Chicago de f ensemen on Fob, 9. Suspended 
Mark Fitzpatrick. Florida goalie, tor 2 oames 
Without pay and fined Mm S500 for Metvetlck- 
Inp against Dave Matey. N.Y. I Wonders letl 
wing, on Feb. 12. Suspended Marty McSarley, 
Las Anoetes defenseman far 4 games wtthaut 
pay and fined tom *500 for scratching eve of 
San Jose's Bob Errey on Feb. 19. 

ANAHEIM R eadied Lonnie Loach, left 
wing, from San Dtoea IHL Assigned Robin 
Bawa, right wing, to San Diego. Traded Ran 
Tuonutt. goalie, to Montreal tor Stoehan Le- 
hum, center. 

BOSTON Re called Grigori Panteleev, left 
wing, from Providence, AHL 
BUFFALO— Recalled Jason Dawe, toff 
wing, and PMllppe Boucher, detonw m ian. 
from Rochester, AHL Assigned Denis Tsy- 
gurav, defenseman, to Rochester. 

DALLAS— Traded Tommy Stodtedefense- 
man. and undtsctaKd draft pick to Quebec for 
Emmanuel Fernandez, gnoltander. 
FLORIDA— Recnlled Jeff Greenlaw, toft 

wins, from Cincinnati. IHL Reoxotoncd DOOO 

Barrautt. right wtna, la Ondonolt 
HARTFORD— Readied Bab McGHL de- 
fenseman, from Springfield, AHL 
MONTREAL — Assigned Las Kunhr. goat- 
to, to Fredericton AHL Stoned Bryan Fo- 


CORN ELL— Laing Kemedy. athtottcdl rec- 
tor, resigned. 

CLEMSO N - ' S igned Tommy west, football 
coach, to 5-veor cun ii nu . 

DliQUESNE— Addtttan of menu and wom- 
enl soccer begins this falL 

EAST CAROUNA H om ed Jhn Flsmlno 
MAikta itaebackero coach, cmr Yasnkta defen- 
sive i ine cooch ml wane Scott ttoM ends caachL 

EAST CONNECTICUT— Dan Switcher**, 
men's basketball coach, resigned effective at 
end at season. 

FRESNO ST. — Named Lean Burtnett de- 
fensive coordinator ond secondary coach. 

ITH A CA Named Mlrtiael welch footbcdl 
coach. 

JAMES MADISON— Named Jay Patemo 
md Owls Thurman assistant football coaches. 

KE NT— Fired Pete Cordelll, football coach. 
Named Jim CorrisaH football coach. 

KENTUCKY— Suspended Travis Ford, 
ward; Gtmel Marl Inez, center; and Jared 
Pricfteft forward, for l game far tree-throw 
swapping schema against vandertiliL 

LINCOLN— Named Crato Rasmuson men's 
basketball coach. 

LOUISIANA TECH— Jerry Lava men's 
basketball coadt. rastoned effective at end of 


NEW JERSEY— Assigned Paler SMor- 
klewlcz, goalie, to Albany, AHL 

N.Y. ISLANDERS— Sent Rich Pflon, de- 
fenseman. to Saif Lake Cftv, IHL an cmxfl- 
llonbia osstonmeirt. Assigned Joe Day, left 
wing, to Salt Lake City. 

N.Y. RANGER S Ad d ed Cony Hindi, 
goafie, from Team Canada Stoned Todd Mar- 
dxeit center, end nsshmedhtm to B ln ghamtoo 

of AHL Asstaned Barry Richter, dafeosomess 
and Jaan-Yves Roy. forward, to Blnghamtoa 

PHI LAOELPHI A— Rocaltad BabWUde.de- 
fensemin Frederic Chats* goalie, aid Dan 
Kordlb defe naa mn a from Hershey, AHL 

PITTSBURGH— 51on«l Kevin Stavons, loft 
whig, to muttlyaor c oidr mJ extension. As- 
skmed Ed Pattersaa right wing, to Oovtlond, 
IHL Readied Mike Needham, right wtna, 
from Cleveland. 

QUEBEC— Traded John Tanner, goalie, to 
Anaheim for 4th-roundplcfc In 199S draff. Sent 
Jocelyn TNbautt, Booflft In Cornwall AHL 
tor cxmdttfonino. 

ST. LOUIS— Recalled Tony Hrfcac, center, 
under emergency conditions from Peoria 
IHL Assloned Dan La perriere, defensemga 
ia Peoria 

SAN JOSE— Recalled Vbutlmll Kraueade- 
lensoman. Iran Kansas city, IHL 

TORONTO— Asslgnad YMe Perreault, 
center, to St John's, AHL AMuIrtd Pat JM>- 
kmskL goal to, from Tarona Bar for future 
consideration*. 

VANCOUVER— Recnlled Mika Fountain, 
goaltendsr, from Hamilton, AHL 

WASHINGTON— Signed Sergei Gonchar, 
defensemsai. hi 2wear contract. Terry Mur- 
ray was leaned to Florida and will sooen dn- 
dnnoil, IHL far r«sf «f saasoa. 

COLLEGE 

ATLANTIC » CONFERENCE— Ron Ber- 
tgvtelv commissioner, resigned effective 
April 15. to become vice pmWetfl and general 
manager of Empire Sports Network. 

AKRO N — Nam ed Michael Bobtakl athlet- 
ic director. 

ALABAMA— Larry Klrksgy, naming bods 
coach rafiwwd to Become receivers ceadi 
tar San Frandsco. 

B ALDWI N-WALLACC— Named John SneU 
offensive oockfleld coach and recruttmo co- 
ex'd moto r. 

COLORADO— Named Rick Nauhefeel 
quarter becks and receivers coach. 

COLORADO ST.— Named Tom Jurkh ath- 
letic director. 


MICHIGAN— Named Kit Cartwright ■ 
terbaefcs and receivers coach. 

NORTHEAST LOUISIANA N amed Dave 
DunUbwwr defensive coonBnator, George 
Haffner quarterbacks coach ond Bill strimek 
running backs cooch. 

NOTRE DAME— Named Writ Doll outside 
nnaboefters cooch. 

OHIO— James L Jones, athietfc director, 
retired effective me end of June. 

OHIO ST, Named Tim Spencer running 
backs coach. PENNSYLVANIA— Named 
Stove Bllsky athletic dhector. 

PITTSBURGH— Named Bob BcWeh line- 
backers coach. 


EE333S 

NHL Standings 


SL Loots 1 > 9—1 

New Jenev 2 2 1—4 

Find Period: SL-Huti 41 N-L-Miuen 17 (Al- 
befln. Lemteux): (pp). N-L-Guerln 14 (Zefepu- 
UnLSecood Period: NJ^Carpantar 8 (Richer, 
Qwrske): HJ^Guertn IS (Zafepukln, Driver). 
Shots an goal: 5J_ (an Brodeurl 10-10-11—31. 
NJ. (an Joseph. HrtvnaU 1*-T2-10-Sft 
Taranto I 7 1—4 

Ottawa 8 8 i—I 

Flret Period: T-CtarX 31 (Ellen, Potvtnl. 
(pp)^ecood Per led: T-Claric 32 (Gllmour); 
(pp).TnZezei 5 1 Ellen ). Thini Parted : O- Rum- 
ble ft T-Oark 33 (Gllmour. Andreychuk). 
Shots on goal: T (on Bllllngton) 10-7-7—34. 0 
(an Potvto) 5-11-13-29. 

Pittsburgh l 2 1-4 

Florida 1 1 1-3 

First Period: P-u. Sanwefesen 4 (Mullen, 
Brown}; FHull M (Hough, 5mtlh). Second 
Period: P-Tocciwf 13 (Slevens. Lemteux); P- 
Lemleux4(Brawa Stevens); FSkrudland 11 
(Banning, Hough). Third Period: FOroito 1 
(Hough); P-Tocchel 14 (Lwrrieux, Stevens). 
Stwts on goal: P (on VanbtesbrmicM 4-14- 
B — 38. F (on Barrassol 15-1MO-34. 

San Jose 1 0 2 0-4 

WkmlPcu 1 1 1 o-s 

First Period: W-Tkachuk 32 < Emerson I ; 
5JeWhltnev 4 (Ductwsenc. Faltoan). secad 
Period: W- Darrin Shannon 12 (McSean). 
(pp).Tblnf Period: SJ^Pederaon 5 (Whltnev. 
Eilk); (pp>. SJ. -Makarov 20 iButsayev.Gar- 
pcntovKW-ZhamnovZl l Emerson. Me Bean). 

(pp). Shots m goat: SJ. (on Eaaensa) 11-8-18- 
1—31 W (on Irbe) 4-9-F3— 22. 

Moetroal I • 7 0—3 

Los A n ge l es l 1 I o-3 

F Inf Period: LA.-Ward 9 (Blake. Poek); 
M-LaCialr 14 [Bellows]. Second Period: LA.- 
Long4(Rebitallle. Druce).TMrdPertad:M- 
Dtanne 17 (Muller. Keane); LA-RoWtolilo34 
(McSarley. Gretzky); (pp). M-Koane 14 
(Dionne. Desfanlfnsi. (pp). Shod an goal; M 
(onstauber) 1»1 1-104- 35. LA (on Rav) 5-13- 
84-31. 


EASTERN CONFERENCE 

Atlantic □ [virion 



w 

L 

T PtS OF 9A 

NY Ramn 

40 

18 

4 84 221 143 

Now Jersey 

33 

2D 

9 75 223 170 

WacMnaton 

31 

24 

4 48 200 188 

PhltadeMta 

29 

31 

4 42 224 243 

Florida 

24 

24 

ID 42 ITS ITS 

NY Islanders 

26 

29 

6 SB 204 198 

Tampa Bay 

23 

33 

B 54 148 188 

Mori beast Ptvfeten 

Boston 

33 

19 

11 77 210 175 

Montreal 

33 

22 

9 75 214 181 

PlttriwfOtt 

31 

20 

T2 74 224 223 

Buffbla 

31 

24 

7 49 211 171 

Quebec 

24 

29 

5 S3 2DD 215 

Hartford 

21 

35 

7 49 177 214 

Ottawa 

ID 

44 

8 SB 157 294 

WESTERN CONFERENCE 


Central Dfvtrian 


W 

L 

T PtS 0F GA 

Detroit 

37 

20 

5 79 272 211 

Toronto 

34 

19 

« 79 213 180 

Dallas 

34 

21 

8 74 223 194 

Si. Louis 

33 

23 

8 72 207 204 

CNtiago 

29 

Z7 

7 45 187 177 

Winnipeg 

17 

40 

8 42 190 249 


PodflC Mvisioa 

Cotowv 

32 

22 

ID 74 233 »7 

Vancouver 

30 

20 

3 43 2DS W 

San Jaw 

22 

30 

12 54 178 212 

Anaheim 

24 

35 

5 53 1B0 197 

Los Angeles 

21 

33 

9 51 227 247 

Edmonton 

17 

30 

10 44 198 239 


ENGLISH PREMIER LEAGUE 
CMdhain 1. Leeds 1 


Intrumjustkia 
Retakes Lead in 
WhitbreadRace 


Campikdby Ow Staff From Dispatches 

SOUTHAMPTON, Eng- 
land — The European yaehl 
Intrmn Jostitia, sailing a more 
southerly route, reiook the 
lead Tu^day in the Whitbread 
’Round the World Race. 

Tbe Whitbread 60, led for 
much of last week before a 
sudden surge by the Maxis, 
was 12 nautical miles in front 
of New Zealand Endeavor as 
the fleet sailed through con- 
stant snow showers in the 
southern Pacific Ocean. 

The Spanish Whitbread 60 
Galicia 93 Pescanova was 
third, 20 miles off the lead and 
a mile ahead of the Japanese- 
New Zealand entry Tokio. 

Merit Cup of Switzerland, 
second in tbe Maxi class, was 
25 miles back. 

• Errza New Zealand, lbe 92- 
foot (28-meter) catamaran Hy- 
ing to circumnavigate the globe 
in 77 days to win the roles 
Verne Trophy, was making 20 
md MiT 


SIDELINES 


English Cricket: No More Drunks 

LONDON (Reuters) — English cricket officials said Tuesday they are 
cracking down on drunken fans who cause problems at test matches. 

Starting with the test series against New Zealand and South Africa, 
“strict control” will be imposed on the amount of alcohol that be taken 
into a match. Officials said closed circuit cameras will be used at all six 
test sites. 

• Kenya beat Bermuda in tbe semifinals in Nairobi of the Internation- 
al Cricket CoundTs tournament for emerging nations to qualify for the 
1996 World Cup. Kenya won by 65 runs, scoring 318 runs for 5 wickets in 
50 overs to Bennuda’s 253 for 9. (AP) 

Redskins Drop Taylor, After 30 Years 

WASHINGTON (AP) — Charley Taylor’s three-decade relationship 
with the Washington Redskins of lbe National Football League is over. 

The Redskins announced Tuesday that the All-Pro wide receiver, who 
became an assistant coach in 1978, would not be retained on the staff of 
tbe new coach, Norv Turner. He completed his staff by naming Ray 
Horton, a former safety for tbe Cincinnati Be ngal s and Dallas Cowboys, 
as a defensive assistant. 

Taylor has been with the Redskins since he was drafted in the first 
round out of Arizona State in 1964. 


For die Record 


knots anc 


still on a record- 
out ahead of the 
fleet. (AP, AFP) 


Deane Besnan said he will step down as commissioner of the PGA Tour 
no later than December 1995. lie former U.S. and British Amateur 
champion succeeded the late Joseph C Dey, the Tour’s first commission- 
er, on March 1, 1974. (AP) 

Ted Wiffiams, 75, the Hall of Fame baseball players, is out of the 
hospital but will need several weeks of rehabihtatiQa lo recover from his 
recent stroke, doctors said. (AP) 


Quotable 


* Yogi Berra, told by his wife, Carmine, that she bad just been to see 
“Doctor Zhivago”: “Oh, what’s the matto 1 with you now?" 


MONDAY'S RESULTS 

• 8 1—1 

N.Y. Rangen 1 * l- 4 

Rrit Period: N-Y.-Leetch 15 (ZuMV). 
(poLSmmb ported: N.YHCovatov IB 
(Grows),- N.Y.JffWis2 (LornwO-TtorcJ Peri- 
od; N.Y^NomcMnov 19 (TikkaMn); iw»). p- 
Rontarg 28 (BrinfAmew). Shot* on goal: P 
(an RtCMcr) 4-1 V9— 2ft N.Y. (an R(W»H) W8- 
14-41 


ESCORTS A GUIDES 


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UK 071 589 5237 


VENUS 

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Page 22 


OBSERVER 


A Break From News 


By Russell Baker 

N EW YORK — We 
spent three weeks 
where it never snows 
and there lost touch 
with the news, which is often fatal 
to journalists. In journalism, sur- 
vival requires a zealot’s belief in the 
importance of the present moment, 
and three weeks of refuge from 
present moments can leave that 
faith in tatters. 

Three weeks without immersion 
in the millions of absolutely vital 
present moments that constitute 
journalism's definition of three 
weeks — ah reader, would you be- 
lieve bow little of consequence real- 
ly happens in three weeks? 

Would you believe maybe noth- 
ing? 

“A cease-fire in the Balkans you 
call nothing?" someone will ask, 
someone fleetingly lifting eyes and 
ears from die cannonading of pre- 
sent moments pouring in from 
CNN, TTie New York Times, Con- 
nie Chung, "‘Inside Edition,” 
ESPN, “Oprah,” Tune, “Entertain- 
ment Tonight," the whole, in fact, 
madhouse of what is called “infor- 
mation,” such is the parlous state 
of the language, Heaven having re- 
fused to help us. 

“Information,” indeed. Informa- 
tion's job is to enrich us, not to 
bury us in popcorn. 

□ 

Information, as opposed to “in- 
formation,” would not shout of a 
cease-fire in the Balkans, but sigh 
quietly of “another cease-fire" m 
the Balkans. 

As for the mass murder in Israel 
it is notable for the great number of 
victims in a single incident, but 
matched against the number of Ar- 
abs and Israelis killed since their 
killings began years ago, it is a 
trilling aumber.' 

Diplomacy will or won't be im- 
peded, but only for the moment, 
and afterward it will succeed or fail 
in its own time, and probably, over 
the long ran, do both. 

You ask. “After three weeks of 
abstinence from present moments, 
bow do you know of these things?” 

A quick study, reader. That's 
how. The journalist who cannot fly 
from Washington tonight, land in 
Ulan Bator tomorrow afternoon 
and three hours later file a compre- 
hensive report on the political, eco- 
nomic and moral crisis confronting 
Ulan Bator is not worth the card- 


board it takes to make a press card. 
He must be a quick study. 

Preparing to re-enter the world of 
present moments, I buried myself 
two hours ago in the newspaper of 
the past three weeks. They tell of the 
Balkans and load and of moessam 
blizzards coating the noth in ice; 
abandoned cars and those sinister 
creations of the snow-removal art- 
ists. ancient blackened mountains of 
curbside snow that are urban Amer- 
ica’s winter wonderland. 

These stories provide a shameful 
twinge of sadistic pleasure for one 
who has passed three weeks where 
the climate was perfect day and 
night and the only annoyance a 
woodpecker wearing his beak oat 
on the house's clapboards. 

Still, even the evil-weather sto- 
ries show how fragile journalism's 
memory can be. They bring to 
mind an insupportable New York 
winter 10 or 12 years ago when a 
grotesque black tower of snow 
stood, apparently munehable, at 
Hudson and Jane Streets well into 
August, if I remember correctly, 
and if not, so what? 

“The artistic lie is always prefer- 
able to the inartistic truth, except in 
journalism," according to Henry 
James, who despised journalism. 

And no wonder. I say to myself, 
as J wade through thousands of 
square yards of prose about young 
people engaged in ice-and-snow 
sports and dance in Norway. 

This is intertwined with a tawdry 
tale about one Tonya Harding, 
whose fate in these frigid endeavors 
so fascinates all America that 
scarcely a couch potato can bear to 
turn off the television. 


So obsessed with Tonya Har- 
ding, America apparently lost all 
interest in President Clinton. The 
president, whoever he be, is Ameri- 
ca’s superstar, for the obvious rea- 
son that presidents lend themselves 
to the simple situation-comedy for- 
mat that television, being an enter- 
tainment medium, needs to convey 
news. Imagine trying to get the TV 
audience interested in some 500 
congressmen and their families. 

So for three weeks of breathtak- 
ingly vital present moments. Presi- 
dent Superstar gave way to a sad 
waif in an ice rink. The thought 
begins to thrill me. Must be time to 
resume journalism. 

New Turk Tima Service 


ENTERNATIONAL HERALD TRIBUNE, WEDNESDAY, MARCH 2, 1994 

Acton Legacy: Tale of 2 Cultures 


PEOPLE 


By William H. Honan 

New York Tima Service 

N EW YORK — It seemed an improbable bequest: Sir Harold 
Acton, the historian and art collector who epitomized the British 
upper crust, left his magnificent art-died estate in Italy to a thor- 
oughly urban, thoroughly American school. New York University. 
But therein lies a 40-year-old tale. 

The Acton estate, La Pietra, with five magnificent villas situated on 
57 acres (23 hectares) of olive 


La Pietra, whose name is taken from a Roman milestone located 
near the villa, was purchased by Sir Harold’s parents in 1903, a year 
before be was bom. His father, Arthur, came from England and 
studied art in Paris. His mother, Hortense Mitchell, was die daughter 
of a wealthy Chfrwgn hanker - After their marriage, the Actons settled 
in Florence. 

Both were deeply interested in the arts and devoted their energies to 

building their collocticas at La Pietra. Sir Harold, who never married 

and had no heirs, continued to 




groves and formal gardens over- 
looking Florence, as well as its 
internationally renowned art col- 
lection and a S25 million endow- 
ment, became NYU’s property 
with Sir Harold’s death Sunday at 
his home in Italy at age 89. 

The man who knows the history 
is James M. Hester, who became 
president of NYU in 1962, a few 
months after Sir Harold signed an 
agreement with the university es- 
tablishing the terms of his be- 
quest. For the next 14 years, Hes- 
ter and his wife visited Sir Harold 
at his vQla every summer. 

“Acton’s first idea was to leave 
everything to his alma mater, Ox- 
ford," Hester said Monday, “but 
Oxford is really a collection of 
colleges lacking a central author- 
ity that could manage such a gift" 

“Consequently, in about 1954, 
he went looking in the United 
States,” he continued. “It hap- 
pened that he was drawn to Rob- 
ert Lehman, who was then chair- 
man of the advisory committee of 
NYU's Institute of Fine Arts. 

Lehman's father and Acton’s fa- 
ther had been friends and fellow 
art collectors, and Lehman con- 
vinced him that NYU would 
know how to take care of his es- 
tate." 

Sir Harold was o riginall y in- 
spired to turn his home into a 
center for the study of art — and a 
legacy for education — by his 
mend Bernard Berenson, the art 
historian and critic who died in 
1959. On Berenson’s death, his 
alma mater. Harvard University, 
received his 16th-century Floren- 
tine home, Vflla I TattL ^ „ 

With its huge library and some Sir Harold Acton, who lot ins 
300,000 photographs of Italian supob ait collection, phis S25 
Renaissance paintings. Villa I 
Tatti has become the Harvard 

University Center for Italian Renaissance Studies — a mecca for 
scholars in the field. 

Sir Harold had in mind the same sort of thing. Originally be wanted 
to leave his estate to NYU’s Institute of Fine Arts. But Craig Smyth, 
who was then director of the institute, persuaded him to leave La 
Pietra to the university instead. 

“I told him it could be a conference center and the smaller villas 
could be used to house people," Smyth recalled. 




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collect art and to write about bis 
^ m interests in books such as “The 
Last Media." “The Bourbons of 
fewSiSfiK Naples" and “Memoirs of an Es- 
thete," published in 1948. His 
knighthood was conferred by 
Queen Elizabeth II in 1966 for his 
service to the arts. 

The availability of the Acton 
estate fits neatly mto the plans of 
L Jay Oliva, the current president 
of NYU, who sees the gift — 
which could be the most expensive 
one ever received by an American 
college or university — “as a hook 
for onr plans for becoming the 
world's fust truly global universi- 
ty." 

The estimated value of the Ac- 
ton estate, Oliva said, is between 
$100 million and $500 million. 
Previously, the largest single gift 
to an American educational insti- 
tution was$I25 million pledged to 
■;<> Louisiana State University in 
1981 by Claude B. P enning ton. 

The Acton estate, which is a few 
minutes' drive from central Flor- 
ence, includes a 60-room Baroque 
country bouse and four smaller 
Baroque and Renaissance villas 
amid a formal Tuscan garden re- 
plete with statuary. 

The art collection, which, ac- 
cording to the teems of the be- 
quest, may not be moved or sold, 
indudes 15th-century tapestries 
woven for the Medias, paintings 
by Giotto precursors and stu- 
dents, Romanesque sculptures 
and a Donatello raid of the Vir- 
gin and Child. 

One prominent expert on Euro- 
jaw BrnreiCnm ha pean art, who asked not to be 
, ... , ___ _ identified, said that the paintings 

estate m Italy with five rillas and were “mostly by secondary mas- 
nriUkm, to New York U iaver si ty . ters and of interest only to schol- 
ars.” 

Oliva responded: “If the art is 
of interest to scholars, then we're immensely happy. We don’t expect 
this to be the UffizL" 

“The Acton gift is a centerpiece for several major thins,” Oliva 
said. “Already we have student programs in Paris, Madrid, Prague, 
Tokyo — 14 different places around the world. This will accelerate 
our plans to have every undergraduate spend a semester abroad, 
preferably studying in a foreign university rather than a satellite 
campus, as is usually the case with study programs abroad.” 


Nicholson as Vandal? 


Jadt Nicholson was charged with 
misdemeanor vandalism and as- 
sault for allegedly using a golf dub 
to smash the windshield of a Mer- 
cedes Benz that was stopped at a 
red light at Los Angeles intersec- 
tion. m a lawsuit, the car’s driver, 
Robot Blank, said he was hurt by 
flying gh«R from the windshield 
and that the Feb. 8 attack had 
made him fear for his life; 

□ 

Greta Goto thought that her 
face had gone through revolting 
changes as she aged and that gossip 
columnists made her appear to be 
an idiot, according to tapes of tele- 
phone conversations she had with 
her friend San Green from 1971 to 
1981. Green is donating the tapes, 
which contain more than 100 hours 
of conversations, to the Wesleyan 
Cinema Archives at Wesleyan Uni- 
versity in Middletown, Connecti- 
cut. In one exchange, Garbo, who 
died in 1990 at age 84, said: “AH of 
a sudden, one day, there’s a hand 

that COnMS — in my imagination, 
every seven or 10 years or whatever 
— a hand that goes over the face 
and changes it a bit puts more 
weakness in iL And it’s equally re- 
volting each time .” 

□ 

Eric Clapton performed his 
100th concert at London's Albert 
Hall, in aid of the Children in Crisis 
charity. Before the show, Clapton, 
48, was visited backstage by the 
Dnchess of York. 

□ 

The duchess's sister-in-iaw, 
meanwhile, came to the rescue of 
an elderly couple whose car over- 
heated and broke down in a traffic 
jam in London, British newspapers 
reported Princess Diana, the es- 
tranged wife of Prmce Charles, lent 
the couple her mobile telephone to 
call for help. A police car stopped, 
and the princess, who was traveling 
alone; continued on to Kensington 
Palace; ... “Loyal affectionate 
and caring" is how Princess Di- 
ana’s framer riding instructor and 
confidant described her in an inter- 
view published in a London tab- 
loid, the Daily Express, and for 
which he was reportedly paid 
£100.000 (about $150,000). James 
Hewitt, 35, a British Army major, 
said thnr at times he had trou- 
ble containing his fee lings for the j 

princess. He added Td defy a lot 
of men not to find her attractive 


but you have to leam to control 
your emotions and feelings in that 
respect." 

O 

Prince Johan Friso, 25, second in , 
Hue to the Dutch throne, is begin- 
ning a six-month engineering in- 
ternship with the American aero- 
space company McDonnell 
Douglas in California. The prince,* 
an aviation and aerospace technol- 
ogy major at Delft University of 
Technology in the Netherlands, at- 
tended the Uni versify of California 
College of Engineering at Berkeley 
for two years. 

□ 

Kathleen Battle’s demeanor was 
demure and her voice was velvet as 
riie sang in New York for the first 
time since she was fired last month 
by the Metropolitan Open. The 
Carnegie Hah concert by the Phila- 
delphia Orchestra, with Battle as 
soloist, was scheduled before the 
Met fired her. 

□ 

Catherine Deneuve has been 
named vice president of the jury for 
the Cannes film festival in May. It 
will be the first time that the actress 
wQl serve on the festival’s jury, 
which wil] be headed this year by 
Cfint Eastwood 

□ 

David Lettennan can afford to be 
gracious. He returned to his old 
haunt at NBC with a $14 milli on 
CBS contract and the highest-rated 
late-night show on U.S. television. 
His old “Late Night" theme music 
welcomed Letterman back on stage 
for his first official visit to the set 
where he spent U years as host. “1 
love what you've done with the 
piace,” Letterman graciously told 
Conan O’Brien, his successor. The 
appearance marked a shift in his 
relations with NBC. which angrily 
claimed Le Herman’s “Late Night” 
comedy bits as its “intellectual 
property” when he left the network 
in 1993 after being passed over to 
replace Johnny Carson as host of 
the “Tonight” show. It probably 
won’t be Leiterman’s last “Late 
Night” show: He asked to come 
back and O'Brien invited him. 

INTERNATIONAL 

CLASSIFIED 

Appear* on Pape 15 


po^ 




Europe 


Cop«nl>agBn 

OostalMSof 

Edhturgh 


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14/57 0/32 a 
21/70 9MO % 
18*4 11/52 c 
16/BI 1/34 pc 

5/41 1/34 rfi 

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9/48 0/32 *1 

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20*8 10.50 S 
12/53 4/39 ah 

0/46 6/43 ah 

14/57 8/43 pc 

9/48 4/39 rfl 

18/53 7/44 pc 

-2/=0 -12/11 « 
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24/75 14/57 ■ 
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14*7 8/45 pc 

10*0 6/43 ch 

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15458 9/46 a 

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17*2 12/53 c 
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409 -ZW Ml 
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-2/29 -12/11 * 
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9/46 104 ah 

104 -2/29 » 
6/43 3/37 41 


Oceania 

Auttanj 21/70 14*7 pc 22/71 14*7 pc 
Sydney 24/75 17*2 pc 85/77 10*6 pc 


WEATHER 


Forecast for Thursday through Sahaday, as provided by Accu-Weather. 


CROSSWORD 




Shanghai 

53” 


JatsMam GSlCM 

North America 
The Northeast coast will 
have heavy rain Thursday 
into Friday, along vrftfi strong 
onshore winds causing 
beach erosion. Just inland, 
the major dtles from Wash- 
ington to Boston wfll have 
ram. mixed with snow on 
occasion. Phoenix to Dallas 
wB have sprtigtke warmth. 


Europe 

Heavy rotas wll spread fam 
northern Scotland to western 
Norway later this week. 
Heavy snows will fall over 
the Interior of ScanrSnavia. 
London to Paris wll be mfid 
later this weekend wth a few 
showers across London. 
Southern Europe win have 
springAe wannth trtto show- 
ers In south ce ntr al Europe. 


Asia 

Tokyo wS have seasonable 
weather late this week A 
few showers are passMe by 
Friday. Sapporo will have 
snow and strong gusty 
winds. Seoul end Beijtag wffl 
turn milder with seme sun. 
Clouds at Shanghai Thun* 
day wil give way to sunshhe 
by Friday. Rain wll dsnpen 
the northeastern Ph Bp pines. 


Middle East 


Latin America 


Kgh Low 
C/F OF 
22/71 12*3 


W Htfl Low W 
OF OF 
■ 21 /7D 14*7 • 


Baku 22/71 12*3 ■ 21/70 14/57 • BuvnvAto 26/82 16*6 pc 31*8 21/70 a 

Cm 24/75 9MB • 84/75 13*6 8 C—M 26*4 18*4 a 29*4 18*4 a 

Duana 18*4 4*9 a 17*2 8*8 a Una 26/79 21/70 a 27*0 21/70 pc 

Jerusalem 18*4 8/48 a 18*4 11*2 a UafcoCty 22m 8/46 a 81/70 10*0 o 

Lurat 29*4 6/43 a 31*0 11*2 a HcdsIwMfcQ 33*1 27*0 1 34/83 26/70 pc 

Rtyocfi 33/73 8H6 a 24m 10*0 a Santiago 30*6 1407 a 34*3 17*2 a 

Legend: Mum, p&perty cloudy, odoudy. d uhorara . Hhundwstanw, wton, af-enowtortee, 
srvsnow. Hce. W-Weatoer. AS Rtapa,tot«caaia and date provided by Acrst-Wetohar, too. 01994 


Today Tomorrow 

High Low W W* Lon « 
OF OF OF OF 

BuraaAkaa 26*2 10*S pc 8i*B 21/70 a 

Conan 20*4 1804 a 29*4 16*4 a 

Una 26/79 21/70 a 27*0 21/70 pc 

UmfcoOy 22m 60S a 21/70 10*0 a 

Rodrimin 33*1 27*0 1 34/98 26/70 pc 

Santiago 30*6 1407 a 34*3 17*2 a 


SWam 
Capo Tom 


Today Tomorrow 

Mgh Low IT Mgh Low W 

C/F OF OF OF 

33*1 24/73 pc 33/91 23/73 pc 

7/44 -6/24 a 6/43 -6/IB pc 

18*4 1365 pc 18*4 1306 c 

33*1 22m a 32*0 23m pc 

31*8 1467 a 31*8 1566 a 

4/30 -7*0 a 2/30 -e/IB C 

0/48 -1131 a 8/48 0/32 C 

29*4 M/75 pc 29*4 24/75 I 

19*6 1263 pc 19*8 1306 ah 

7/44 -2*9 pc 8M6 -1/31 a 


1000 a 19*6 12*3 C 

19*6 pc 27*0 10*1 *1 
8/46 a 20*6 1162 a 
6/46 pc a*4 8/48 pc 

26/79 pc 38*1 27*0 pe 
1162 pc 28*2 1305 pc 
9/48 a 22m 12*3 ah 


North America 


UnAogaim 

Mari 

Mmaapola 


-•/IS -33/8 
1060 -1/31 
2/35 -3*7 
8/43 -2*9 
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a m 21 m 

307 -2/H 
S*4 14/57 
21/70 9/48 

1365 7/44 

2*5 -6/22 
4*0 1*4 


ACROSS 

1 Granitelike 

5 Paris's 

Monceau 
s Paradigm of 
happiness 

13 Mefville book 

14 Toledo ta-la 
is 'Guys and 

Dote’ Tony 
winner, 1951 
17 Lose freshness 

15 The Rok Island 
Line? 

20 Argus-eyed 


22 Pin down, in a 
way 

23 Bom 

24 Othello. e.g. 

2s Police BBQ? 
27 Trtathleta 
so Next-to-last 

Greek letter 

31 Non compos 
mentis 

32 Fit together 

35 Chloroform kin 
39 ’The of 

Innocence' 

40 Men's 
accessories 


Solution to Punk of March 1 


□□□ns □□□□□ 
saonana nasaaEi 
□□□□□□a HGiBnnnH 

□□□as 000 □□□□ 
□he ns anas □□□□□ 
HDBQEI □□□ 

□□□ □□□□ □!!□□□□ 
□□a □□□□□□□ naa 
□□□□as □□□□ uaa 
□hq □□□□□ 
iBmana □□□□ aaaa 
□□□□ □□□ □□□□□ 
iHSSHHaa 0QUU000 
□□HHHQ □□□□□□□ 

uaaua □□□□□ 


42 Parisian season 

43 Vitamin start 
46 Sandberg of 

baseball 

46 Give whirl 

47 Showstoppers 
49 Propriety 

52 Markdown at 
the marina? 

57 Type of luck 
sain the past 
n many words 

60 Popular 
women’s 
magazine 
ea Mirror, brushes, 
perfume? 

65 Storytelling 
dance 

67 Regular 

66 Drinks with 
straws 

bb \ . . unto us 
Is given* 

to Laura of 
'Jurassic Park’ 

71 Breed grains 

72 Jerry-bunt 
structure 


1 1 n what manner 

2 -What 

mind reader? 


3 The PUIsbury 
Doughboy? 

4 Pamper 

5 Deli meat 

• Punch’s cousin 

7 Public uprisings 

8 Woo 

9 Wheels, solo 
speak 

10 Southwest plain 
is Tours ta-ta 
12 ‘Spanish Guitar 
Player* artist 
is Meet Morpheus 
is Joshes 

21 CD 

(modem 

-book') 

26 Pioneer Carson 

27 Muslim priest 

2 e Francesco 
Rinaldi 
competitor 
29 Not e'en once 

33 Nathan Hale, 

e-0- 

34 Kind of legs 
38 Removal of 

Junior from a 
will? 

37 Part of Caesar's 
reproach 

38 Enlarge, as a 
hole 

40 Morsel 

41 Unnecessary 


© New York Times Edited by Will Shorn. 



]:;■■■■■ 


worm 


44 Menlo Park 
monogram 
4s Some TV's 
so Hint 
si Nebraska 
Indians 


32 Economized ®t 9 in 

S3 Tequila plant 63 Publican's 

34 Asocial person 

ss With respect to ^SSHbong 

36 Truckler es As well as 


Iravel in a world without borders, time zones 

or language barriers. 


AST Access Numbers. 

How to call around the work! 

1. Using the chart below, find the oouiury you are catling from. 

2. Dial the corresponding AE£T Access Number. 

3. An AOS' English-speaking Operator or voice prompt will ask for the phone number you wish to call or connect you to i 
customer service representative. 

lb receive your free wallet card of ABETs Access Numbers, just dial the access number of 
the country youfre in and ask fra Customer Service. 

COUNTRY ACCESS NUMBER COUNTR Y ACCESS NUMBER COUNTRY ACCESS NUMBER 

ASIA/PACIFIC frc fc md ljgOggHjOO Colombia 960-11-0010' 

Australia 0014-881^11 Italy 172-1011 JcosaSicy* U4 

10811 Ilrct nr ngrcin* lSVOO-11 Enndot* 

C”” ms*72 Utenfa> 8*196 S Salvador 190 

BoagKoag BOMIU Luxembourg gggOlU 

****** 00M17 Mala* 080W90-11Q 

SS* ” ' ” M”™” 1 13*0011 m 

*=£ 52^ Stewr 9 m 5546S5o 

m 


BoagKoae 

ladle* 


HC Ireland 

0014-881-011 Italy 

10811 U re fate ng t ein* 
0184T72 Uthmmfa* 
800-1111 Luxembourg 
000-217 Mata* 

•001^801-10 ]WiMiy 

0039- 111 y w h wiM v" 

003-11 Norw ay 
11* TobndV- 


1-800550400 Colombia 

— 17 ^ 1011 i Costa Rica*e 

VS54M-11 Ecuador* 
El Salvador** 

OBOWKJ-lia ' 


• Guatemala* 

OBOtMW-llQ 

Honduras*. 

o froa-9ra 


, ctoB*c^ j Imagine a wprld where you can call country to country as easily as you can from home. And 

reach the IIS. directly from over 125 countries. Converse with someone who doesn’t speak your 
i since it>s translated instantly. Call your clients at 3 ajn. knowing they’ll get the message in 

j yo^ voice at a more polite hour. All this is now possible with AESS 1 

To use these services, dial the ABET Access Number of the country you’re in and you'll get all the 
help you need With these Access Numbers and your ABET Calling Card, international calling has never been easier. 

If you don’t have an AKET Calling Card or you’d like more information on XKT global services, just call us using the 
convenient Access Numbens on your right. 


fAlfeT 


Ngw Zealand 

Singapore 
Sri Lanka 
Tehran* 
Thailand* 

Armenia" 

Anatrla**" 

Belgium* 

Bulgaria 

Croatia*# 

Czech Rep 

Denmark* 

Finland* 

France 

German y 

Greece* 

Wn u g a r y* 

Icdantfa 


aoooQii porter 

000-911 Bnnro* 


low gggjggfcwegw) 
235-2872 ; floraUa 

800-0111-111 Spain 

430-430 Sw uMli * 
0080-10288-0 WBrirag 
0019-991-1111 JJM. 


80 ^ 19<V1 - Mrara gna Qf a n agtt Q 174 

°^ atM>iaa 1*^ 

■ Wi. 

^ne — -156 

-flSSSST ^**410 

— — „ Venezuela* 1 80-011-120 


EUROPE 


8414111 Bahrain 

022-903-011 Cyprus* 

078-H-0010 land 
00-1800-0010 Kuwait 
99-384)011 Lebanon (Bring) 

00-420-00101 Sudl Arabia 
8001-0010 Tcrfcey 


05017-1-288 

01-800-4288 

■toreow) 155-5042 

0042000101 

9009900-11 

020-795-611 

B90M1 

0500090011 

MIDDLE EAST 

800001 


■Bermuda* 
■British VI 
Cayman Islands 


' ofivgQoio. - Gft = nada * 

177-100-2727 

800-288. 

426-801 N rth . Aud i 


1-800-100 ' St-K&iVNcvte 


CARIBBEAN 

1-800-872-2881 

1-800-872-2881 

1-800-872-2881 

mds 1-600872-2881 
1-800-872-2881 . 

001-800-972-2883 
0-800-872-2881 ‘ 
1 001-800-872^2881 

is 1-800-872-2881 


9800-100-10 

194-0011 

O13<M)01O Belize# 
00-800-1311 SaUvfa- 
OOa-WWtflll Bred! 
999-001 cue 


00-BQ0-12Z77 1 

AMERICAS 

001-800-200-1111 Grixm* 

555 GwmWr 

MOO-U11 Kenya* 

OOOW10 Ubcrfa 

0044812 Malawi" 


AFRICA 

*W (0*0) 


s sasaaagsseMraaa. 

7ft4fc.phoiig.tte^ApQ l 4 < rfi^o r phoncca>lfcrhltone.DulOi(M6M»ll 444W0anaBie6nwwiMc l ihwi«i 


5RMB00 

004-001’ 

00111 ' 

0800-10 

Tjn-iyp 

101-1992 



6 1994 AEET