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.Published with the new york times and the Washington post 

The World’s Daily Newspaper 


London, Tuesday, July 22, 1997 

No. 35,579 

Korea Party 
WbodsJhi ^ Nominates 
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" ; "?5 . SEOUL — The governing New 

....... j^st Korea Party nominated Lee Hoi Chang, 

' v l a former prime minister and Supreme 
J Court justice, as its candidate Monday 

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in South Korea's presidential elections 
in December. 

' Mr. Lee is known for his upright 
image, and is expected to bolster his 
party’s chances of w inning the pres- 
idency again despite opposition accu- 
sations of government corruption. 

Several former cabinet ministers and 
close associates of President Kim 
Young Sam have been convicted of 
bribery. President Kim's son, Kim Hy- 
un Choi, is also on trial, on charges of 
bribery and tax evasion. 

Political analysts said that Mr. Lee. 
who won his nickname “Mr. Clean" 
while on the Supreme Court, would 
be able to succeed President 
if he could hold New Korea Party 

,r : "T His most difficult task, they said, 
would be to stop one of his six rivals in 
the voting Monday from quitting the 
party to nm independently in the 
f- December election. 

“Lee Hoi Chang has always refused 
k; - to compromise over his principles and 
:£m the level of political power he could 

- exercise,” said Cho Chang Hyun, who 

- lectures on politics at Seoul’ s Hangy ang 

“ University. “That image would help his 

•' party fight scandals that embroiled its 

members but at die same time could 
invite hostile relations with other party 
™ seniors." 

- Mr. Lee, 62. was considered the fa- 

: vorite for the nomination since Pres- 

ident Kim appointed him to be chairman 
_ of the governing party in March. Mr. 
Kim's single five-year term ends Feb- 
' law, he cannot be re-elected, 
you supported me or 
someone else,” Mr. Lee said upon ac- 
cepting the nomination, “we are now all 
colleagues. We are one. Iam sure that all 
of you will, hand in hand, support me 
from now on. 

“With your help, I am sure that I will 
be able to win the presidential race," he 
said to loud cheers at the party's na- 
A tional convention in Seoul’s Olympic 


See KOREA, Page 7 

Failure Pays (Well) for U.S. Bosses 

By Judith H. Dobrzynski 

New York Times Service 

NEW YORK — In today's topsy- 
turvy business world, it has come to 
this: For top executives, failure — 
once a wretched embarrassment dis- 
guised in corporate spin language or 
hushed up completely — now pays. 
Especially if they fail quickly. 

John Walter, who joined AT&T 
Corp. as president last November and 
resigned under pressure on Wednes- 
day, is the latest to pass through an 
executive suite and collect a multi- 
million-dollar settlement He walked 
away with nearly $26 million after the 
company's board said it was reneging 

on its promise to name him chief ex- 
ecutive next January because he was 
not up to the job. 

Before Mr. Walter came Michael 
Ovitz, who spent 14 months until 
December as the No. 2 executive at 
Walt Disney Co. and got $90 million; 
Gilbert Anielio, who moved into the 
comer office -of Apple Computer Inc. 
for 17- months that ended on July 9 and 
pocketed at least $7 million, and 
Robert Greenhill, who left his post as 
chairman of the Smith Barney division 
of Travelers Group less than three 
years after joining it in 1993 and col- 
lected $22 million. 

Those are just a few noteworthy 
examples of a growing trend that start- 

ed in the 1980s when, under share- 
holder pressure, boards were increas- 
ingly forced to dismiss lackluster 
executives and bring in new ones, of- 
ten from other corporations. As 
turnover at the top grew and job se- 
curity diminished, executives began 
demanding a safety net in the form of a 
guaranteed payoff if things did not 
work out 

Now, being ousted delivers a lump 
sum of cash and other benefits equiv- 
alent to several years of work, and the 
practice is feeding on itself. “John 
Walter will spawn great anxiety in the 
business world" about job security. 

See HANDSHAKE, Page 12 

IRA Truce: Turning-Point or Tactic? 

By Warren Hoge 

Ne *• York Times Service 

LONDON — In declaring its new 
cease-fire, has the Irish Republican 
Army renounced its historic commit- 
ment to armed struggle and opened the 
way to a power-sharing future for 
Northern Ireland or is it just tactically 
substituting ballot for bullet in a con- 
tinuing fight that will end only if Ireland 
is fully united? 

Answering that essential question 
was proving difficult in an atmosphere 

where suspicion is abundant and trust 
scarce, where the relationship of the 
IRA military commanders and the lead- 
ers of Sinn Fein, their political wing, is 


kept deliberately mysterious and where 
even with the guns suddenly silent, the 
debate turns on weapons. 

People hoping to find the word "per- 
manent” in the carefully worded an- 
nouncement were disappointed. . 

The euphoria that greeted the IRA’s 

tr.T + 

Kibftnn B-owh/K-unr, 

Residents of the Oder River city of Ebenhuettenstadt, Germany, removing items from a workshop Monday. 

er: Bracing for More Floods 

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By Christine Spolar 

Washington Post Service 

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WROCLAW, Poland — The search 
for fresh water in a region overcome by 
rain, sewage and die sour smell of mil- 
dew should- end at the doors of Moksy 
Dwor, . the expansive" treatment plant 

- ■» 

Newsstand Prices 

Bahrain w^inoo Din Malta- .55 c. 

Cyprus — X. £ 1.00 J'Sgeria „t25,00 Naka 

Denmarit_.14.00 DKn Oman 1250 «ais 

FWaixi_.12.0O F.ML Qatar IdOO Rials 

GbraSar..: £025 Rep. IrelandJRE 1.00 

Great Britain 020 Saudi Arabia .10.00 R 

Egypt JSE520S. Africa R12 + VAT 

Jordan — .1250JD.UAE — laooDWi 

Kenya K. SR ido U2. ML (Eur.) _$ 120 

Kuweit _700 Ffe Zhtabwe ZmS3020 


that usually gushes out clean water to 
400,000 people in this Polish city. 

But on Monday, the only way to reach 
Mokry Dwor was by tractor, the sole 
vehicle able to chug through a nasty new 
lake — and past three dead deer that 
hobbled in its murk — outside the 

plant _ ■ 

Inside Mokry Dwor, water that days 
ago swamped 2,000 pumps and power 
unite and a thousand miles of cables 
remains a river of trouble. 

“The water’s dropped some but the 
pomps are still under water, said the 
gen eral manager, Robert Madejowski, 
who has slept althe plant for the last two 
weeks, trying m vain to protect the 
plant’s precious machinery. ‘ ‘The dam- 
age is huge. All the engines have to be 
pulled out. dried or repaired — and 
we’re still waiting for the second wave 
of flooding." 

Poland and the Czech Republic are 
stagge ring through nearly two weeks of 
record rain and floods. About 100 
pie have died so far in the deluge, 
food waters were expected to crest 



Monday in some towns north of Wro- 
claw, but the Oder River was expected 
to roll through the hard-hit south again 
by midweek. 

Daily life remains dire for hundreds 
of thousands across the border. Sewage 
is being emptied directly into the over- 
flowing Oder in order to restore some 
water services. 

Families are sending their children 
away to protect them from disease to 
government-sponsored camps and the 
homes of volunteer families in the 

Fights broke out this weekend at 
some of the tank trucks dispensing fresh 
water to residents. Promises of gov- 
ernment aid are invitations to brave the 
Polish bureaucracy and some of the 
worst effects of the flood itself. 

Inside the municipal offices of Wro- 
claw, few workers could explain how to 
apply for much-vaunted government re- 
imbursements of $1,000. Most of those 
same workers, in fact, had trouble find- 

See FLOOD, Page 7 


Italy Cracks Down 
On Naples Gangs 

ROME (Reuters) — Italy de- 
cided Monday to send 200 extra 
police to the southern city of Naples 
to help crack down on an outbreak 
of gang killin gs, the Interior Min- 
istry said. 

Interior Minister Giorgio Napol- 
itano made the decision after five 
people were murdered over the 
weekend in fighting between rival 
clans of the Naples Mafia, bringing 
the death toll from the violence in 
the last six months to 89. 

The additional troops will also 
serve to intensify “investigations 
into the most aggressive clans," the 
ministry said 


A Chinese Student's LLS. Report 


Turning to the Republicans 

EUROPE Pag«5. 

Tiptoeing to Better Aegean Ties 


AU in the Family at BSkyB 

Books - Page?. 

Crossword — — Page 10. 

Opinion Page 8-9. 

Sports Pages 18-19. 

The IHT on-line 

The Dollar 

NbwYwh Mondays* PM pavtota dos» 

DM 1.7963 1.7915 










SScP 500 


Monday O 4 P.M. pmlausctOGe 




Corporate Tax Jumps 
Jolt French Industry 

Increases, Higher Than Expected, 
Aim at Monetary Union Criteria 

By Alan Friedman 

fiuerrmrioiul Herald Tribune 

ipmr Kraiuf hne 

Lee Hoi Chang, left, and President Kim Young Sam celebrating Monday at the New Korea Party’s convention. 

cease-fire call in 1994 is tempered this 
time by awareness of the amount of 
weaponry and explosives the under- 
ground organization has at its disposal, 
the recollection of its sudden return to 
the bomb 17 months after its last call to 
lay down arms and claims by its present 
leadership that it has no intention of 
dismantling any part of its arsenal dur- 
ing the negotiating process. Martin 
McGuinness, the chief negotiator of 
Sinn Fein, said Sunday that the un- 
derground organization would not sur- 
render “a single bullet.” 

It was this concern that took David 
Trimble, leader of the Ulster Unionists, 
the largest Protestant party in Northern 
Ireland, to 10 Downing Street on Mon- 

See IRA, Page 7 

PARIS — France's new leftist gov- 
ernment announced higher- than -expec- 
ted corporate tax increases and other 
deficit-cutting measures Monday in a 
bid to qualify for European economic 
and monetary union. French business 
leaders and several economists imme- 
diately criticized the move. 

French industry reacted with dismay 
to the plan to increase the corporate tax 
rate to 41.6 percent from 36.6 percent 
and the capital gains tax rate for compa- 
nies to nearly 42 percent from 19 per- 
cent. The Paris bourse’s main index fell 
immediately by 1 percent before re- 
bounding later in the day. 

The 32 billion franc ($5.3 billion) 
package of deficit reduction measures, 
two- thirds of it based on tax increases, 
was unveiled by France’s new finance 
minister. Dominique Strauss-Kahn. 

He said the measures would include 
1 0 bi llion francs in spending c uts, but he 
offered little detail except that 2 billion 
francs of cuts would come out of defense 
spending. The corporate tax increases, 
he said, would be effective in 1997 and 
1998, before being phased out, starting 
in 1999. 

Mr. Strauss-Kahn said that an audit 
ordered by the Socialist-led government 
had found that without these steps 
France would be facing a 1 997 deficit of 
3.5 percent to 3.7 percent of its gross 
domestic product, well beyond the 3 
percent target mandated by the 
Maastricht treaty for participants in the 
introduction of a single currency. 

Jean Gandois. president of the French 
industrialists ’ association, the- CNPF, 
commenting on the increase, said “the 
entire nation will pay a price” and com- 
plained that French companies are 
already “the most heavily taxed in the 

Some economists, meanwhile, said 
the measures might help France to pare 
its budget deficit and showed that the 
new government was committed to 
monetary union. There was also relief 

that the government had decided not to 
risk damaging France’s fragile upturn in 
consumer confidence by increasing the 
tax burden on households. 

Buf analysts warned dial the added 
tax burden were likely to make France 
less competitive, discourage new in- 
vestment, and might reduce prospects 
for job creation in an economy already 
suffering 12 J percent unemployment. 

‘■This really goes in the wrong di- 
rection." said J. Paul Home, economist 
at the Paris office of the investment bank 
Smith Barney. "The government is 
proving itself faithful to its pledge not to 
cut the welfare state, which thus con- 
tinues on its bloated way, except it is the 
corporate sector that has to pay for it.” 

Alison Cottrell, an economist at the 
securities firm PaineWebber in London, 
said that while the French government 
wanted to create jobs over the long term, 
the tax increases implied that “they are 
damaging investment over the long 
term.” Ms. Cottrell said it was reasonable 
to ask “how much investment in ex- 
pansion of capacity will French compa- 
nies engage in if their corporate tax li- 
abilities are simply going up and up?" 

See FRANCE, Page 7 

Mldicl Ljpchiis/rtKr Annaafcd Pics* 

Dominique Strauss-Kahn during 
his audit presentation on Monday. 

Currency Turbulence 
Spreads Across Asia 

By Philip Segal 

Special w the Herald Tribune 

HONG KONG — A fresh wave of 
currency speculation swept through 
Asia's financial markets Monday, 
pushing the Indonesian rupiah down 7 
percent, shaking the Singapore dollar 
and forcing Hong Kong authorities to 
raise interest rates sharply to defend 
their dollar. 

The assault on Indonesia's rupiah 
came as a surprise. Until now it has 
been largely spared the rough treat- 
ment dealt to the currencies of Thai- 
land, the Philippines, Malaysia and 
even Singapore. 

But on Monday, speculators caught 
up with the currency and attempted to 
profit by pushing it down. They did 
so, economists and traders said, even 
though the rupiah was not fundamen- 
tally overvalued as are some of the 
Asian currencies that have come un- 
der attack in recent weeks. 

Rather, they said, it was targeted 
simply because it was now the most 
vulnerable after having been mostly 
ignored in the earlier speculative 
bouts. Indonesian authorities allowed 
the rupiah to slip against the dollar 
last week to make it less vulnerable to 

The new attacks came a day after 
the International Monetary Fund an- 
nounced that it would arrange a $1 
billion loan to the Philippines to help 
Manila shore up the peso against 
speculators. It was the first time the 
IMF had used the emergency pro- 
cedures set up after the Mexican eco- 
nomic crisis of 1994-95. (Page 1 1) 

The IMF move was in response to 
the pressure placed on Southeast 
Asian economies since Thailand let 
its currency, the baht, float July 2 
under heavy pressure from speculat- 
ors. The resulting shock waves have 
spilled over to currencies and stocks 
as far away as Latin America and 
Eastern Europe. 

Monday’s attack on the rupiah 
“certainly caught me by surprise, al- 
though we're navigating through wa- 
ters with plenty of surprises," said 
Marie Sundberg, chief regional econ- 
omist for Salomon Brothers. 

Indonesia has “a well-managed 
macro economy and strong growth 
looking out,’ ’ as well as an absence of 
overextended banks and of overheat- 
ing in its property market, he said. 

The dollar rose as high as 2,665 
rupiah, up 177.5 rupiah, or 7.13 per- 

See ASIANS, Page 7 

Liberian Leader Lost the War, 
But May Have Won the Battle 

By James Rupert 

Washington Post Service 

MONROVIA, Liberia — Charles 
Taylor, the warlord who started and 
dominated Liberia’s brutal seven-year 
civil war, appears to have won by elec- 
tion die power that he was unable to 
conquer by gun. 

With a third of the Saturday voting 
counted, Mr. Taylor had a huge lead in 
what Liberians say was their country’s 
freest balloting ever. 

With results from 684 of the 1,890 
polling sites counted, Mr. Taylor had 
almost 66 percent of die vote. 

His top rival, a former World Bank 
and UN official, Ellen Johnson-Sirleaf, 
had just under 16 percent 

It also appeared that Mr. Taylor’s 
party would get a majority in a new 
legislature, which is bong elected by a 
proportional representation. Final re- 
sults are expected on Wednesday. 

The credible election fulfills a goal of 
the United States and European and 
West African nations, which are trying 

to help rebuild the collapsed Liberian 
state. But Mr. Taylor's victory frustrates 
a longtime desire by many of those 
countries to keep him out of power 
because they see him as a corrupt and 
pompous authoritarian. 

Though incomplete, the results ap- 
peared unlikely to be reversed. They 
came from a variety of areas, including 
parts of Liberia where Mr. Taylor’s 
opponents were thought to be strong and 
included no ballots from his own re- 
gional stronghold. 

The election represents an important 
step forward for a country riven by 
ethnic strife. But Mr. Taylor’s apparent 
victory will raise immediate new con- 
cerns. Even if he has proven himself 
Liberia’s most popular political figure, 
he remains its most hated in some 

During a war that killed an estimated 
150.000 or more people and included 
brutality on all sides, human rights 
groups frequently reported atrocities by 

See VOTE, Page 7 





Learning About America / A Student's Chronicle 

A Chinese Author Discovers the Limits of Ideology 

By Patrick E. Tyler 

New York Times Service 

B EUING — At a time when many of the 
best-selling books in China promote 
the idea of s tanding up to the United 
States, or other forms of chest-thnmp- 
ing to herald China’s rise as a great power, one 
author has returned from a long sojourn in the 
United States to testily that it is a fairly normal 
□Lace, a land of great opportunity, deliciously 
free and full of “real people.” 

Qian Ning’s “Studying in America," is not a 
sentimental paean, but an objective chronicle of 
the lives of Chinese students who have become a 
significant presence on almost every university 
campus in the nation that is known in Chinese as 
“Meiguo,” or “beautiful country.” 

“My first impression when I arrived in Ann 
Arbor was the sin ging , the laughter and the smell 
of barbecue at parties on the campus I saw that 
evening," wrote Me Qian of his first day at the 
University of Michigan. 

It was August 1989, just weeks after he had 
witnessed the large pro-democracy demonstra- 
tions at Tiananmen Square and the military 
crackdown that led to the massacre of hundreds 
of unarmed students and workers by Chinese 

“This world in front of my eyes was so 
different from the world on Ti ananme n Square, 
that it was impossible to connect them together 
in my mind,'' he continued. “But at that mo- 
ment, I understood a simple thing. We Chinese 
— at least the younger generation of Chinese — 
can have a different kind of life, free from the 

repetitious political movements in the past and 


te-and-death struggles." 

No one would call Mr. Qian a political dis- 
sident or firebrand. In simple and elegant terms, 
much the same as those used by Alexis de 
Tocqueville to describe the early United States to 
Europeans, Mr. Qian, 37, seems to undermine 
the rancorous literature of Chinese natio nali sm. 
. Having left China troubled and confused eight 
years ago, be described the United States be 
found and the Chinese he encountered there. 
Among them was a visiting scholar who was 
having difficulty coping with freedom after 
years of regimented life in China. “Here nobody 
controls you, bnt nobody cares about you,” he 
mid Mr. Qian. 

There are stories of Chinese who became 
millionaires in the United States but who are still 
haunted by the persecutions they suffered in 
China under Mao Zedong, and there are stories 
of those who failed to assimilate or struggled 
against the anxiety, insecurity and deprivation of 
an immigrant class. 

One student in economics arrived from China 
on a one-year scholarship and described his 
“sense of being an elite. ” Initially sought out by 
his American colleagues to lecture on the 
Chinese economy at university seminars, he 

TTie firm tort Time* 

Qian Ning, whose father is Foreign Minister Qian Qichen, has written a 
hook describing the lives of Chinese students who have become a 
significant presence on almost every university campus in the United States. 

discovered a different side of life in a capitalist 
society when he had to find a way to support 

“When his scholarship ran out, be found out 
how miserable and tiny he was." Mr. Qian 
wrote. The visiting scholar took a job in a 
restaurant cutting up chickens into breasts, legs 
and wings and “all his elite sense .was lost" 

R. QIAN'S book, which was pub- 
ional not 

M lished last winter, is exceptk 

only because it offers millions of 
Chinese readers an objective anti- 
dote to the nationalistic streak that has infected 
Chinese literature, but also because it carries the 
authority of Mr. Qian *s family background. He is 
the son of Qian Qichen. who is the Chinese 
foreign minister and a deputy prime minister. 
Like many of the 250,000 students — China's 

best and brightest — who have traveled to the 
United States in (he last two decades, (he young- 
er Mr. Qian experienced die metamorphosis of a 

child who grew up during China's most turbulent 
decade — the 1966-76 Cultural 

Revolution — 
reality outside 

only to discover a different 

"Chinese students who went to America had 
simple but firm beliefs that their leaders should 
control the people," he said. “We thought that 
the values and standards in our society were only 
natural and absolute. It was only when we got 
into another society that we realized the lim- 
itation of our own ideology. 

“My impression after arriving in die United 
States was ‘Wow, who would have thought that 
a man could live this way!’ ” 

With books like “Cluna Can Say No” and 
“The Demonization of China.” the state-con- 

trolled publishing industry and a number of 
opportunistic authors, most ofwhom have never 
visited the United States, have attempted to cash 
in on popular sen timents and Co nunon ist Part y 
pronouncements that the United Stales, Britain 

and the Westingeneral are sedring to “contain” 
or restrain China ’s emergence on die world 

Mr. Qian’s writing rejects this view of the 
United Stales in favor of a more empirical study 
of how Chinese students have been discovering 
the land they have read so much about 

S IPPING coffee in a hotel lobby in 
Beijing, to which he returned in 1995 to 
become a consultant to the U.S. account- 
ing firm Coopers & Lybrand, Mr. Qian 
his view of the complicated state of 

between China and the United States. 

T think that in China, as well as in America, 
there is a gap between what the politicians say 
about each other’s country, and what the people 
think,” he said. “I would have to say that when 
you lode at a newspaper here, maybe you will 
find a lot of criticism of one thing or another 
about the West, but people here do not take it 
very seriously; they know this is die official 
culture. When you look at China — or America 
— what is more important is the real life of the 

Most Chinese, he said, do not share die critical 

view of the United States that is expounded by 
Communist Party propagandists. And he said he 
does not believe that Chinese and Western civ- 
ilizations are fated to clash. 

“I don’t go along with this theory,” he said. 
“A Id of Chinese in the United States have 
adapted to the American lifestyle without much 
effort. I think the trouble is caused by ideology. It 
is not really cultures dial are clashing — it is 
ideology that is clashing, or politics, and that is 
understandable. ’ ’ 

Still, Mr. Qian says that the average Chinese 
has done more to try to understand the United 
States than the average American has done to 
understand China. 

“We are at a different stage of development,” 
he said, and therefore many Chinese look to the 
United Stales as a role model for China 's mod- 

“Maybe we can avoid some of the mistakes 
that America has made, but very few Americans 
really get a chance to learn a lot about C hina, " he 

Mr. Qian returned to China flush with op- 
timism that he can contribute to China's trans- 
formation to so mething better by working for its 
economic development. 

He avoids the political implications of this 
goal, but the subtext of what he says is apowerfhl 
message to China’s leaders that the coming 

generation has already rejected the ideology of 

their elders and that freedom, much more of it 
than now exists, is high on their agenda. 

To Save Trees, , 
Brazil Opens 
Amazon to 

? % - 


Legal Logging; 

By Diana Jean Schemo 

- New York Tima Service . 

RIO DE JANEIRO — Faced with 
rampant illegal togging, the B: 
government is opening timber ^ 

m the Amazon rain forest to commonaT ” }{}H^ 1 

loggers in what it describes as a project 
to combine economic 'potential with : 
controlled development. ; 

While Brazil has in the past opened j 
reserves to logging, the new coUces- ; 
sions are the first that will be sold for j 
logging in the Amazon rain forest. 

The forest reserves cover 5.4 million j 
acres (22 million hectares). Eiey were i 

mapped out during Brazil's military die- j 
taiorship, which lasted from 1964 to .1 
1985 , with the prospect of their eventual • 
use by the timber industry. The gov- i 
erament said last week that ir would use j 
the areas to demonstrate logging prac- • 
tices that could sustain surrounding j 
communities and the environment. 

“We aren’t going to mm around | 
policy in the Amazon simply through 


dr* ■ 

to do this as a stable, ecor 
Viable activity, creating work in a region ' 
that needs alternatives.” ; 

The initial opening will cover 12^355 j 
acres near the Tapajos River in Parfi ; 
stale, with further licenses schednled for ■ 
sale later this year and next The con- j 
tracts will ran for a year. 1 The envi- • 
ronmental agency selected these areas \ 
for logging because- it has complete in- | 
ventories on all the trees there. 

Mr. Martins said loggers who obtain ' 
the concessions would be subject to ; 
limits on the amount extracted and other > 
rules that would insure that die same ! 


actio* 0 n 

* Users 

- Ksi 

Peru’s Leader: From National Hero to Political Villain in 3 Months 

By Calvin Sims 

New York Times Service 

LIMA — Only three months ago. 
President Alberto Fujimori was riding 
high on a wave of popularity driven by 
the daring rescue of hostages held by 
leftist guerrillas at the Japanese dip- 
lomatic residence here. 

Peruvians and foreign governments 
had nothing but praise for Mr. Fujimori 
for carrying out the raid with so few 
casualties among the hostages and res- 
cuers — a feat he called a "victory for 

But now, after a string of blatant 
attacks against the j'udiciary, the pass 
and critics, Mr. Fujimori has few sup- 
porters. His approval rating is at an all- 
time low, five members of his cabinet 
resigned last week and thousands of 
people have protested in the streets. 

Reveling in the success of the hostage 
raid, Mr. Fujimori's government has 
undertaken a repressive campaign in 
recent weeks to remove any obstacle to 

his winning an unparalleled third term. 

His administration engineered the 
dismissal of three Supreme Court 
justices who ruled that it was uncon- 
stitutional for Mr. Fujimori to run for 
president again. It also tapped the tele- 
phones of prominent citizens and jour- 
nalists, and tried to shut down the tele- 
vision station that exposed the illegal 

While Mr. Fujimori’s critics pre- 
dicted that he would use the hostage 
rescue to advance his political agenda, 
almost no one expected him to go to 
such extremes, which have led many 
people here to conclude that the pres- 
ident has lost the vital support of Peru’s 
notorious intelligence service and 
armed forces, which have long been the 
foundation of his rule. 

Analysts have described Mr. 
Fujimori's government as a tripod in 
which the president shares power with 
the heads of the military and the in- 
telligence service. But the moves un- 
dertaken by his administration in recent 

weeks have convinced many analysts 
that Mr. Fujimori has lost the upper 
hand and is desperately Hying to regain 

"This is the beginning of the end for 
Fujimori and the dictatorial way he has 
ruled Peru,” said Javier Diez Canseco, 
an opposition congressman. "Fujimori 
either has to break ranks with the gen- 
erals and advisers that are behind his 
repressive regime or they will break 
him. There is too much public outrage 
for things to continue as they have.” 

In recent days, thousands of union 
workers, professionals and students, 
waving banners and chanting anti- 
Fujimori slogans, have filled the plazas 
and streets of Lima in the largest 
demonstrations against the government 
since Mr. Fujimori took office in 1990. 

“ A few weeks ago I would have been 
afraid to march against the government, 
because people who protest are often 
killed and tortured," said Jorge Marina, 
a teacher who demonstrated last week in 
front of the presidential palace. 

“But Fujimori has gone too far this 
time.” he said. “There is no democracy 
left There is no hope for our chil- 
dren.” _ 

Even many of Mr. Fujimori’s close 
friends and allies, including cabinet 
members, foreign diplomats and mem- 
bers of Congress, have expressed con- 
cern about the latest direction erf his 

Foreign Minister Francisco Tudela 
said he had resigned along with four 
other ministers as “a matter of con- 

What apparently has angered Peru- 
vians the roost was the government’s 
decision last week to revoke the cit- 
izenship of the owner of the television 
station that uncovered a scheme by the 
national intelligence agency to secretly 
record the telephone conversations of 

dozens of politicians, business exec- 
utives and journalists. 

Political analysts here said that Pe- 
ruvians are also troubled by Mr. 
Fujimori’s refusal to remove two of- 
ficials who are believed to be the ar- 
chitects of the wire-tapping scandal and 
the driving force behind what they con- 
sider to be his dictatorial style. 

Giovana Penaflor, director of Imasen. 
a leading polling company, attributed 
Mr. Fujimori’s plummeting popularity 
to '“the fact that be has not provided the 
country with a clear and direct explan- 
ation of these scandals and he has not 
convinced people that as head of state, 
he is the one who is running Peru.” 

In fact, he has failed to respond to the 



forest could be used for logging ag ain yj c 

within 20 years. The concessions could v J. * ar . 
also include requirements for bui 
housing for local residents or for fu 
filling other obligations. 

The plan drew mixed reactions from 
environmentalists. Israel Klabin, 
formerly a pulp and paper businessman 
who now runs a Rio foundation for sus- 
tainable development, said: “If we 
would be all the way orthodox about 
what we are doing, we would say that no 
development at all is best But we have to 
see the complete impossibility of treat- 
ing part of the country outside the prag- 
matic reality of what goes on around me 
world.” _ 

While illegal deforestation is hardly a 
new problem'fn Brazil, tberecent' arrival “ 
of several Asian logging companies, 
which bought foiling domestic logging 
companies, has fueled concerns of a 
rapid acceleration in deforestation. A 
recent government study found that 80 
percent of the timber extracted from the 
Amazon is being removed illegally. 

Tarso Resende de Azeveda. die ex- 
ecutive director of Imaflora, a group in 
Sao Paulo that rates the environmental 

^ !WW . 

■ 2 service* 
■j'jstJsJ person* 

ca w era 

Pan B 
nun betas' s 

soundness of logging operations, said 
the sale of licenses in me Tapajos re- 

public outrage at all. Instead be has 
largely stayed in the presidential 


serve would destroy the ecosystem that ^ 
supports hundreds of people in the area. 
“its not so much that the logging itself 
is damaging, bar it’s a vector that brings 
in roads and machinery and people, that 
end up changing an area,' ' he said. 

Some also criticized the government’s 
logic. “It's a bit ingenuous to suggest 
that by opening another area to logging 
that is legal, one is actually helping the 
environment,” said Russ Mittermeier, 
president of Conservation International. 



Revenue Rises at Dubai Hotels Alliance Air Joins Zambian Carrier 

DUBAL United Arab Emirates {Reuters; — Dubai's 233 
hotels saw their revenue increase by 17.9 percent in 1996 to 
1.7 billion dirhams (S463 milIion),'the Department of Tour- 
ism and Commerce Marketing said. 

The department added in a report published Sunday that 
there had been “an encouraging increase in visitors from 
some newer markets, such as the Far East and South Africa. " 
It said that visitors from Europe accounted for about 35.6 
percent of the 1 .8 million visitors to the Gulf emirate last 

DAR ES SALAAM, Tanzania tAFP) — Alliance Air has 
entered into an agreement on joint international flights with 
Aero Zambian, the independent Guardian newspaper re- 
ported Monday. 

Alliance .Air had been set up in 1994 under a joint venture 
among Tanzania. Uganda and South African Airlines. Under 
the agreement with the Zambian airline. Alliance will operate 
on international routes under the banner of Alliance Aero 


Workers in Kiev were struggling to replace a rusty 
sewage pipe that broke, sending tons of waste water into the 
sea off the Crimean port of Sevastopol and prompting the 
authorities to close two beaches. (AP) 

The Jazzman who took 
on Bach 
Woody Allen 
The Fugees 

Chicago Air Collision Investigated 

Music Editor 

If you missed it in the IHT, look for it 
on our site on the World Wide Web: 

Uastofi^rnn Pott Service 

CHICAGO — Federal in- 
vestigators arc investigating 
I j staffing levels at a tiny Chica- 
! go lakeside airport following 
the weekend collision of two 
! small aircraft dial killed sev- 
en people. Five women and 

two men were killed Saturday 
when the two aircraft, (lying 
in clear weather, collided just 
off the Lake Michigan shore 
near the University of Chica- 
go. Some of the wreckage fell 
into the lake near the shore- 




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fo Save X ■ THEAMER 1 CAS 

frazil Tables Turned on Fund-Raising 

bnazon t B Itol ^ EanandDaaH byisi and lawyer, be was widely hailed ator said Mr. Barbour would present a 

Washington Post Service ’ f ® restoring the Republican Party to vigorous defense, 

A|v n 1 1“ * financial health and helping to master- The hearfqgs follow two weeks of 

-fCydl I rvr» » WASHINGTON — Not many mind its stunning comeback after an Republican efforts to highlight Demo- 
O pepp^ c ^end four years in a high po- electoral humiliation in 1992. cratic campaign food-raising abases. Be- 

- sipCKi in Washington and leave wirb. a This week. Senate Democrats hope to cause key figures have refused to testify 

Bv~Tv^ — { halo, but a smooth-taOdng MIssissrp- knock off Mr. Barbour's shiny halo by without immunity, Republicans have had 

Tfv By Dan Morgan and Lena H. Sun 

Washington Post Service 

-legal T . WASHINGTON - Not many 

O * - B ~*U JJpJh people spend four years in a high po- 

OqUh si^on in Washington and leave with a 

fivTiiT f halo, but a smootfc-taflring Mississip- 

. **Jia JeanS^T^v- piaa by the name of Haley Barbour 

5 t ^ 1 n Kl s pulled off that feat last winter. 

RIO DE jXvprT^^L ' When he reUnquished the chainnan- 
apa^t j’llesVT , — - pV'N ship of the Republican National Com- 

'vernmer* ‘°£Sing. v nrittee and resumed his career as a lob- 

combine «o"-Ci CnDe? *a^ 

strolled devAU-J* 10 potent : 

for restoring the 

:jy hailed 
Party to 

mind its stunning comeback after an 
electoral humiliation in 1992. 

This week. Senate Democrats hope to 
knock off Mr. Barbour's shiny halo by 
showing that he financed die Repub- 
lican congressional victories in 1994 
and 1996 in part with illegally gotten 
foreign cash. Mr. Baibour has denied 
any wrongdoing, and a Republican sen- 


strolled deveitW 10 Potent 

While Brl^S?**"- ^ 

»rv«c r “ ‘*' ia 

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l ** ■?£ 

Gingrich Minimizes 
Revolt Against Him 

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* WASHINGTON — Only a hand- 
.ful of die dissidents who plotted 
; against him realty want to remove 
urn. Newt Gingrich has said, express- 
ing confidence that the vast majority 
-of House Republicans support him. 

In his first comments about the plot 
to overthrow him since it was re- 
vealed last week, Mr. Gingrich, the 
.House speaker, also said he was con- 
fident of the loyalty of the House 
^majority leader, Richard Armey of 
'Texas, his second-m-command 
.whose role in the scheming has been 
variously described. 

- The speaker asserted foat 4 ‘no more 
.than eight" of (he nearly 20 renegade 
lawmakers who met with the House 
.majority whip. Tom DeLay of Texas, 
late July 10 to discuss removing him 
-really wanted to do so. And he pro- 
•dieted he would easily win a vote of 
confidence from his 227 Republican 
colleagues if one were held at their 
-weekly meeting Wednesday. (WP) 

Budget Bill Helps 
Medicare Users 

■ WASHINGTON — Relief is in 
‘sight for elderly people who, in recent 

■ years, have been forced to pay a large 
'and rapidly growing share of the bills 
'for hospital outpatient services like 
cataract surgery, hernia operations 
and many diagnostic tests. 

' The budget biQ now moving 
through Congress would impose new 
limits oo what Medicare beneficiaries 
'pay for such services. Medicare 
^provides state health insurance far el- 
derly and disabled persons. Benefi- 
‘ ciaries are ordinarily responsible for 20 
percent of what the government de- 
termines to be a reasonable amount for 
care provided under Plait B of Medi- 
care, which coven doctors* services. 

— Is ('.Vit-.i s, .lt-\ •<.. ttsi 

department of a hospital. 

One change in the law would es- 
tablish a fee schedule for hospital 
outpatient services. A hospital would 
not be allowed to charge more than 
the fee. (NYT) 

Postmaster General 
Gets Some Bad News 

WASHINGTON —This should be 
the summer of Postmaster General 
Marvin Runyon’s triumph. 

Overnight mail delivery scores are 
at record levels, and the U.S. Postal 
Service is about to conclude an un- 
precedented third consecutive prof- 
itable year. 

Yet, as the 72-year-old former 
automobile company executive 
marked his fifth anniversary as head 
of die w odd’s largest mail system, his 
future seems far from certain. A fed- 
eral grand jury continues to inves- 
tigate his role in a proposal last year to 
put Coca-Cola machines in postal 
lobbies, an inquiry that has clouded 
his tenure with hints of scandal. 

And last week, the Postal Service 
Board of Governors signaled it has 
begun talking about his replacement 

Mr. Runyon has strongly denied 
any wrongdoing in the Coca-Cola af- 
fair. ( WP ) 

Quote /Unquote 

Representative Bill Paxon of New 
York, who resigned his appointed 
leadership role among House Repub- 
licans in die aftermath of the coup 
attempt against Mr. Gingrich: “We 
do not need to bash each other or 
rehash. There have been frayed 
nerves. The best way to move beyond 
that is to focus on the agenda and 
coming together. ’ ’ ( WP ) 

ator said Mr. Barbour would present a 
vigorous defense. 

The heaiings follow two weeks of 
Republican efforts to highlight Demo- 
cratic campaign fond-raising abases. Be- 
cause key figures have refuted to testify 
without immunity. Republicans have had 
to rely mainly on lesser-known witnesses 
and somewhat ambiguous testimony. 
The Democratic case, by contrast, will 
feature a prominent, colorful key witness 
— Mr. Baibour — and a straightforward 
theme summed up by the Governmental 
Affairs Committee’s ranking Democrat, 
John Glenn, of Ohio: “As far as I know, 
ibis is the only case, where the head of a 
national political party knowingly and 
successfully solicited foreign money , in- 
fused it into the election process and 
intentionally tried to cover it up.” 

Mr. Glenn and his team of Senate 
investigators hope to show that Mr. Bar- 
bour solicited hundreds of thousands of 
dollars from a Hong Kong businessman, 
Ambrous Tung Young, for the National 
Policy Forum, a research organization 
founded by Mr. Barbour and subsidized 
by the Republican National Committee. 
Shortly before the 1994 election, Mr. 
Young put up certificates of deposit to 
guarantee a bank loan to the forum, 
enabling it to pay back $1.6 million to 
the Republican National Committee on 
OcL 20, 1994. Over the next several 
weeks, the Republican National Com- 
mittee shifted a comparable amount of 
money to party organizations involved 
in close races m IS states. 

Republicans note that loan guaran- 
tees to the forum came through a U.S. 
company that they believed — mis- 
takenly, as it turned out — was using 
Lf.S. funds. And they contend that the 
forum was separate from the Repub- 
lican National Committee and, nnKla* 
political parties, legally could accept 
foreign contributions. 

I ! ; -vs " \ %JV‘**4* 

I vi J-mnh/TV \w*uird tW 

BLOCKED — Canadian boats stopping a ferry in British Columbia to protest Alaskan salmon fishing. 

A f m% • Sick mine workers would no longer have to undergo 

AWay from Politics countless medical examinations to prove they are eligible for 

Away From Politics 

• Several million cars will go on sale this autumn with a 
costly new pollution-control device that will make it harder to 
fill the gas tank at some service stations and may pose a safety 
risk. The new device, called the onboard refueling vapor 
recovery system, is designed to capture the gasoline vapors in 
mostly empty gas t anks that are usually pushed into the air 
when the tank is refueled. The 1990 Clean Air Act requires 
automakers to install the devices on 40 percent of their 1998 
models, 80 percent of their 1999 cars and on all 2000 models. 
Tests have found that the devices cause problems with some 
gas pump nozzles that are widely used in large cities. (NYT) 

countless medical examinations to prove they are eligible for 
black-lung compensation under new rules proposed by the 
Labor Department Advocates for the mine workers back the 
idea but fear other aspects of the proposal could make it harder 
for miners to assemble a solid case. Mining companies oppose 
the plan, saying it hurls their right to submit evidence. (AP) 

• The police arrested a Louisville, Kentucky, man after a 
store manager became suspicious over an $800 credit card bill 
for cigarettes. The man was charged with kidnapping a 
woman at gunpoint and forcing her to go from store to store 
for eight and a half hours, charging computers, video cassette 
recorders and other items. lAP) 

Versace Suspect Is Seen Here, There and Nowhere 

By Lizette Alvarez 

New York Times Service 

MIAMI BEACH — It’s as if Florida and the rest of 
the United States are suffering from a collective form 
of myopia, neck strain and wishful thinking 

Since the I talian fashion designer Gianni Versace 
was gunned down Tuesday outside his mansion here, 
the police and the FBI have pleaded with the public to 
be oh alert for anyone who resembles Andrew Cun- 
nnan, the prime suspect in the slaying, who has so far 
eluded a huge manhunt 

There is no question that the public has taken the 
request to heart At least 1,500 calls have poured into the 
local tips line, and now foe FBI is taking nails as welL 
The only hitch so far is that Mr. Cunanan appears to 
be everywhere and nowhere. For one thing, Mr. Cun- 

anan, 27 and a native of San Diego, has a face so 
nondescript that it appears vaguely familiar to just about 
everyone. It does not help matters that many men in the 
Miami area fit Mr. Cunanan 's description: brown hair, S 
feet 10 inches (1.78 meters) tall, slim build, olive skin. 

After the police said Saturday that Mr. Cunanan 
could be dressing as a woman, the possibilities for 
sightings became almost endless. 

Someone in Fort Lauderdale, Florida, reported hav- 
ing spotted Mr. Cunanan in a peach dress in a su- 
pennariteL Someone else reported seeing turn sipping a 
beer at a strip club, and a number of people have reported 
him either hanging back or carousing at just about every 
gay bar within driving distance of Miami Beach. 

In a suburban section south of foe area, one person 
reported having seen him milling about foe neigh- 
borhood in a gray skirt, a white top and a gray wig. 

Mr. Cunanan is charged with killin g three people in 
three states and is suspected in the slaying of two 
others, including Mr. Versace. 

Law-enforcement authorities are centering their 
hunt for him on South Florida, but the sightings cross 
many state lines. Calls have come in from New York, 
Mississippi. South Carolina and New Mexico. 

Every time A1 Boza, a Miami Beach detective, holds 
a news conference in front of foe Police Department, 
someone calls in to say he knows exactly where foe killer 
is — standing in foe background, right behind Mr. Boza. 
The look-alike has turned out to be a different police 
officer every time. 

Even members of foe media have been mistaken for 
Mr. Cunanan. A Miami Herald reporter was ques- 
tioned after someone he tried to interview identified 
him as Mr. Versace’s killer. 

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1 , 



‘Face Reality,’ Taipei Tells Beijing 

Lee Denies Independence Aim but Stresses China Is Divided 

CBafMbfOm Stag PwmDapesda 

TAIPEI — President Lee Teng-hui 

that the atm of constitutional reform 
initiated here was to seek independence 
for Taiwan. 

Mr. Lee said China must “face the 
reality that China is divided.** Only 
such an acknowledgment, he said, can 
bring about positive exchanges between 
the sides. 

President Lee added dial he would 
soon shuffle the cabinetto fit in the new 
government structure approved last 
week by the National Assembly in a 
radical reform package. 

‘ 'Chinese Communists have recently 
branded our efforts in improving polit- 
ical systems and expanding our inter- 
national presence as ‘seeking Taiwan 
independence' or 'creating two 
China’s,' ” Mr. Lee said to the leg- 
islators in his state of the union ad- 

“This kind of prejudice neither helps 
exchanges across the Taiwan Strait nor 
benefits people’s welfare,” Mr. Lee 

He declared that the People's Re- 
public of C hina must accept the con- 
tinued existence of the Republic of 
China on Taiwan despite the defeat of 

the Nationalists in 1949 in the civil war 
on the mainland. 

“There is no need to declare ‘in- 
dependence,’ ” Mr. Lee said, stressing 
that Taipei’s goal was to strive for a 
“reunified new China under democ- 
racy, freedom and economic prosper- 

“We will never waver in our in- 
sistence on a single China that is unified 
as a new China through democracy, 
freedom and the equitable distribution 
of wealth,*’ he added. “Whether re- 
lations across the Taiwan Strait can 
have genuine interaction depends on 
whether the Chinese Communist au- 
thorities can practically face the reality 
of one China divided.” 

Mr. Lee saidTaipei and Beijing could 
overcome their differences with time. 

“We need enough time to increase 
understanding and reduce distance,” he 

Mr. Lee raged Taiwan's business 
community to put survival of the Na- 
aonelist-ruled island’s democracy 
ahead of profits and to “refrain from 
temptation" to profit from China’s 

Deputies from the rightist New Party, 
holding protest banners reading, ‘ ‘Pres- 
ident Destroys Constitution,” walked 

out before Mr. Lee’s speech. 

The New Party boycotted a vote Fri- 
day in which deputies of the ruling 
Nationalists and me pro-independence 
Democratic Progressive Party passed 
laws to expand the president's power 
and slash the provincial government. 

“It has set a precedent for the co- 

forwoni in our democratfc 0 develop 
ment,” Mr. Lee said. 

Chinn has criticized the dismantling 
of the provincial government level, 
which symbolized links with (he main- 
land when Taipei maintained it was the 
legitimate government of all China. 

A Chinese spokesman warned last 
week that the changes did not mean 
Taipei could break its ties with Beijing, 
which considers Taiwan a renegade 
province. Beijing has threatened to in- 
vade Taiwan if it ever made a move 
toward independence. 

Under the reforms, the president can 
name a prime minister without Parlia- 
ment and can dissolve Parliament. 

But the Parliament would, in turn, be 
able to impeach the head of state and his 
deputy, with the endorsement of the 
National Assembly, whose main func- 
tion is to vote on constitutional amend- 
ments. (AFP, Reuters) 

Compiled by Oar SutfFiamDiapatSm 

loyal to the deposed first 
prime minister or Cambodia 
rallied Monday, while mem- 
bers of the Association of 
South East Asian Nations dis- 
agreed publicly on whether to 
admit Cambodia after the 

A Thai Army officer based 
near the border with Cambod- 
ia said royalist forces had re- 
taken die strategic town of 
Samroog in the first significant 
victory for forces loyal to First 
Prime Minister Norodom 
Ranariddh since Second Prime 
Minister Htm Sen deposed the 
prince in a coup July 6. 

Phnom Penn denied that 
Samrong had fallen to the 
royalist forces. Mr. Hun Sen’s 
forces had entered the town 
Friday, and the secretary of 
state for information, Khieu 
Kanharith, said, “The gov- 
ernment is still in control." 

But Prince Ranariddh said 
in Singapore that Iris forces 
had indeed taken the town. He 
raged foreign donors to with- 

hold crucial aid from Phnom 
Penh to forestall another civil 
war of the kind that tore Cam- 
bodia apart and killed hun- 
dreds of thousands over more 
than two decades. 

“If there is a civil war,” he 
said, “the people and espe- 
cially die peasants in the 
countryside will suffer much 
more for much longer. 

“I hope the wond will not 
say, ‘Business is business — 
business first, democracy 
later; business first, human 
rights later,’ " he added. 

The prince also ruled out 
attending the ASEAN work- 
ing meeting that starts this 
week in Kuala Lumpur, an 
official with his delegation 

“This is not a prime min- 
isters’ meeting,” the official 
said. “We need to meet with 
the prime ministers.” 

ASEAN suspended Cam- 
bodia's admission, which was 
to take place Wednesday, be- 
cause of the coup. But die 
alliance’s foreign ministers 
differed on whether the delay 

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would last a long time. 

“I see this merely as a tem- 
porary setback,” Foreign 
Minis ter Abdullah Ahmad 
Badawi of Malaysia said. “I 
look forward to Cambodia 
joining the ASEAN family in 
the near future once the prob- 
lems are resolved.” 

But Foreign Minister 
Domingo Siazon of the Phil- 
ippines said the chances of 
Cambodia’s joining ASEAN 
in the near frame were 

Noting comments from 
Mr. Hun Sen, Mr. Siazon said 
that Cambodia's membership 
“is not in the bag right now, 
on July 23, but since he said, 
’If after July 23 we are not in, 
you can forget it for the next 
five or 20 years,' so I would 
say that right now my assess- 
ment is zero.” 

Mr. Siazon, a member of an 
ASEAN mission that met 
with Cambodia's warring fac- 
tions last week, said Mr. Hun 
Sen felt ASEAN’s decision to 
hold off on his country’s 
membership was “ an insult to 
10 million Cambodians since 
Laos and Myanmar are ac- 
cepted." Myanmar is the of- 
ficial name of Burma. 

Mr. Siazon called for fur- 
ther dialogue with Mr. Hun 
Sen, despite his rejection of 
ASEAN mediation. 

“This is a fellow who has 
been in the rural areas since the 
beginning,” Mr. Siazon said. 
“He has been fighting since he 
was young. You have to un- 
derstand his framework, his 
experience and now he is es- 
sentially in control on the 

“What has to be done is to 
explain quietly, ‘It does not 
look as easy as it seems be- 
cause some of your major 
donors might stop and 60 per- 

members of Prince Ranar- 
iddh’s royalist Funcinpec 
party still in Phnom Penh. 

Prince Ranariddh said that 
Mr. Hun Sen’s troops had 
killed more than 600 follow- 
ers of the royalist party and 
promised to raise the question 
of human rights abuses at the 
United Nations. 

“I think that as far as Fun- 
cinpec people are con- 
cerned," Prince Ranariddh 
said, “not less than 600 have 
been assassinated and more 
than 1,000 are now in deten- 
tion." (AP, Reuters, AFP) 


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Mixed Messages on Cambodia Fighting 

{' t- i'.y ii-’.sv unit 

V >' -“>9t 

fit lT° 

It v * - 

cent of the Cambodian na- 
tional budget comes from for- 
eign aid.' ’ 

But Mr. Hun Sen won fur- 
ther support for his coup inside 
Cambodia as another framer 
ally of Prince Ranariddh’s, the 
co-defense minister Tea 
Chamrath, aligned hims elf 
with the new government. 

“I thank the government 
for crashing the hard-liners,” 
Mr. Tea Chranraih said of Mr. 
Hun Sen’s victory over 
Prince Ranariddh’s forces. 

A legislative committee 
called fra the National As- 
sembly to reconvene Monday, 
as it began adding items to the 
legislative agenda sought by 
Mr. Hun Sen and dropping 
issues raised by Prince Ranar- 
iddh, the assembly's acting 
secretary-general said. 

Bra die members stopped 
short of putting on the formal 
agenda the candidacy of For- 
eign Minister Ung Huot to 
replace Prince Ranariddh as 
first prime minister. The vote 
would enable Mr. Hun Sen to 
maintain the appearance of 
power-sharing while he con- 
solidates his rule. 

Mr. Ung Huot, who was 
picked by Mr. Hun Sea, has 

Jafaa MirHaupiR t Iplw I 

Megawati Sukarnoputri congratulating Aberson Marie Sfhaloho* who was freed pending an appeal. 

Indonesia Jails Opposition Leader for ‘Insult’ 

CaapBrd by (.tor Staff From Dhputeha 

JAKARTA — An Indonesian court convicted an opposition 
legislator Sunday of insulting President Suharto and sen- 
tenced him to nine months in prison. 

Aberson Marie Sihaloho. a member of the Indonesia 
Democratic Party and an associate of the ^pro-democracy 
leader Megawati Sukarnoputri, denied defaming Mr. Suharto 
during a series of speeches last year. 

Mr. Aberson has said the police never specified which of 
his statements in July 1996 were deemed offensive. Most of 
his speeches were supportive of Mrs. Megawati. 

Prosecutors had sought an 18-month sentence for Mi; 
Aberson, who also was found guilty of defaming the armed 
forces and the House of Representatives. Mr. Aberson was; 
freed pending appeal. r * 

The government, meanwhile, ruled out overseas medical 
treatment for an ailing independent labor leader on trial for 

Mucthar Pakpahan, bead of the unrecognized Indonesian! 
Labor Welfare Union, has been in a private hospital in Jakarta 
since March, when his trial was postponed indefinitely after 
he complained of vertigo. {AP, Reuters / 


Hong Kong Transfer Was Costly 

HONG KONG — Celebrations to mark the inauguration 
of Hong Kong’s new government put a hole in a special 
budget, backed by Beijing, to prepare the territory's return 
to Chinese rule, the government said Monday. 

Id April, the office of Tung Chee-hwa, who succeeded 

But the head of the Democratic Party, Martin Lee, said 
theso-called Basic Law, Hong Kong's current equivalent of 
a constitution, had made it clear that garrison troops must 
obey local laws. (AP. Reuters) 

Pay Raises for Indian Military 

the last British colonial governor, Chris Patten, as Hong 
Kong’s chief executive July 1, estimated that setting up the 
new government and legislature would cost 107.8 million 

NEW DELHI — Military personnel will get significant 
pay increases that go beyond the recommendations of a 

yet to be approved by those 
members of Prince Ranar- 

Hong Kong dollars ($13.9 million). 

But in a statement Monday, it said that estimate had been 
revised to 1 39.9 million dollars. (AFP) 

government pay panel, defense officials said Monday. 

The raises will cost the government 61J2 billion rupees 

Taleban Admits Loss of Key City 

QARABAGH, Afghanistan — The Taleban militia 
moved reinforcements onto a hill overlooking the Bagram 
air base Monday and conceded that its Afghan opponents 
had taken the key town of Charikar. 

“We evacuated Bagram air base two days ago when 
Charikar fell,” a Taleban commander said. “Masood’s 
forces are now in the base,” he added, referring to the 
former defense minister Ahmed Shah Masood. 

In Kabul, the fundamentalist militia's religious police 
issued new regulations on women's activities, restricting 
their access to aid from international organizations and 
ordering them to avoid making noise with their shoes when 
they walked. (Reuters. AFP) 

($1.7 billion) a year and will benefit around 1.4 miliion 
personnel in the army, navy and air force, they said. 

The increase is part of a package of pay increases for civil 
servants, government employees' and the armed forces 
approved by die cabinet last week. Defense Minister Mu-' 
layam Singh Yadav said ar a news conference. (Reuters) 

Chinese Dissident Reported III 

Waiver for China Army Vehicles 

HONG KONG — Chinese Army vehicles on official 
duly are exempt from the normal customs examinations at 
the Hong Kong border, the Security Bureau here announced 
Monday, drawing criticism from pro-democracy organi- 

“The PLA Hong Kong garrison has maintained close 
liaison with the Customs and Excise Depanmem and other 
law -enforcement agencies to ensure that nothing prohibited 
by Hong Kong laws is brought in or out,” the bureau 

BEUING — A prominent Chinese dissident, Wang Dan, 
who was jailed lasiy ear on a charge of plotting to overthrow 
the government, is seeking a medical paxple after de- 
veloping what could be a nervous condition, his mother said 

Mr. Wang’s parents applied in late June to authorities at 
his prison in northeastern Liaoning Province to release him 
for medical treatment after he was affected by dizziness and 
headaches, his mother, Wang Lingyun, said. 

“The application was made according to his present 
physical state, because examinations have shown he is 
suffering from a serious illness,” she said. “1 made the 
application last month without his knowing about it” 

Prison authorities refused to allow doctors to diagnose 
the new sickness. (Reuters) 

For the Record 

_ About 20,000 Nepali Buddhists held a silent rally in 
Katmandu on Monday to protest the murder of a Japanese 
monk at Lumbini. the birthplace of Buddha, organizers and 
witnesses said. (Reuters) 

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In ‘Signal of Hope,’ Greeks and Turks Take Wary Step to Better Ties 

By Celestine Bohlen 

New York Tuna Strvice 

ATHENS — By itself, a joint state- 
ment signed by Greece and Turkey at the 
NATO summit meeting in Madrid 
amounted to a series of platitudes, in- 
cluding promises to observe existing 
treaties and not to nse force against *&rh 

v But in the context of a feverish re- 
lationship that took a turn for the worse 
m recent years, such language is being 

■sm , 


,/» » • -*i.v 

discussion between countries whose his- 
tory of mutual hostility has been one of 
NATO's most troublesome problems. 

J;/, - \ 

‘ IV. J i t **. f ' • 

V *'.' '} 

! “It is substantial progress, because it 
allows us to meet/’ Foreign Minister 
Theodoras Pangalos said in an inter- 
view. “ft is die first signal of hope." 

The statement, brokered by the United 
States and signed July 8 by Prime Min- 
ister Costas Simitis of Greece and Pres- 
ident Suleyman Demirei of Turkey, 
came a year and a half after the two 
nations seemed close to war over a 
couple of rocky islets in the eastern 
Aegean Sea. 

Those islets are still in dispute and the 
list of issues that divide Greece and 
Turkey is as long as ever, including the 
divided island of Cyprus and Greece's 
rijght to extend its continental shelf 12 
miles (20 kilometers) into the Aegean, 

Behind those questions lurk old en- 
mities that date to the times when the 
empire of the Ottoman Turks occupied 

But the Madrid document did succeed 
in blunting the issue of the 12-mile limit, 
which Turkey no longer regards as a 
possible “cause for war." 

As for the age-old animosities, there 

are Greek officials who will now openly 
discuss what was once unthinkable — 
the cultural affinities that bind Turks and 
Greeks, despite the history that has di- 
vided them. 

“Ironically, many people feel that 
Greece and T urkey could have common 
ground, notwithstanding their historical 
enmity," a foreign diplomat said. 
“Greece has had a terrible historical 
experience with Turkey, but they don't 
have any feelings of cultural or racial 
superiority.” . 

For several months, there have been 
hints that the Aegean crisis was be- 
ginning to ease. 

In Turkey, attention has centered on 
the collapse of the government headed 
by Necmetdn Erbakan, leader of a pro- 
Islamic party. 

He was replaced as prime minister by 
Mesut Yilmaz, leader of a center-right 
party with strong secularist and pro- 

European traditions. 

In Greece, Mr. Simitis, the low-key 
successor to the flamboyantly combat- 
ive Andreas Pap’andreou, has given 
Greek foreign policy a calmer tone, with 
a new stress on international cooper- 

“You have a mood that is different 
here, and that is really important," a 
foreign diplomat said. “There is a. re- 
solve to solve problems." 

The Simitis government has made 
significant progress in improving its im- 
age and its relations with neighbors and 
allies. The new tone has spread to Greek- 
Turkish relations, which for Athens 
more than for Ankara remains the top 
diplomatic priority. 

A year ago, Mr. Pangalos was calling 
the Turks “international criminals’ 
who lie like “fascists and Stalinists.'* 
Now, be talks of a future when, if certain 
conditions are met, Turkey will be “a 

very important partner" for Greece, and 
Greece will no longer provide camou- 
flage for misgivings of Europeans about 
letting Turkey into the European Un- 

“ There are other countries in the 
European Union that have ocher prob- 
lems with Turkey and who are hiding 
b ehin d my back," said Mr. Pangalos, 
pointing to his ample girth. ‘ ‘I have a big 
back, as you can see, but it can’t cover all 
that crowd.” 

It was Mr. Pangalos who in March 
defended Turkey’s “European voca- 
tion” after a group of European Chris- 
tian Democrats issued a statement chal- 
lenging the idea that a mostly Muslim 
country straddling the divide between 
Europe and Asia could be a valid can- 
didate for membership in the European 

“Turkey is very much part of Euro- 
pean history, and Islam is already part of 

Europe," Mr. Pangalos said. “The con- 
ditions for membership should be uni- 
form, and based on whether a country 
meets the economic, social and political 
conditions required." 

To its dismay, Turkey was not on a list 
of six countries recommended for Euro- 
pean Union membership issued last 
week by the European Commission. But 
many analysts have concluded that in 
softening its position, Turkey — in par- 
ticular the new Yilmaz government — 
has signaled a diplomatic effort to win 
support in Europe. 

Still, given the difficulties, few ana- 
lysts expect quick results from the Mad- 
rid statement. 

“We didn't solve any problems in 
Madrid,” Mr. Pangalos said. “We es- 
tablished a framework to try to find ways 
to solve them. Maybe it will take one, 
two, three or 10 years. I don’t kDOw, but 
I suspect it will be a long process." 


New, 2-Man Crew 
Will Repair Mir 

i 3 Aboard Too Tired, Doctor Says 

By Daniel Williams 

Washington Pm Service 

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r Indian Milium 

. KOROLYOV, Russia — 
Russian officials set new 
dates and new procedures 
Monday for repairs on the 
limping Mir space station as 
they officially passed the 
chores from the haggard 
present crew to a fresh crew 
preparing to go into orbit 

The new, two-member 
Russian crew will arrive at the 
Mir on Aug. 7, joining the 
present three-member Mir 
crew, which includes an 
American astronaut, Michael 
* Foale. 

Mr. Foale’ s two compan- 
ions, Vasili Tsibliyev and Al- 
exander T -wTnrtrin, will then 
return to earth on Aug. 14, II 
days ahead of schedule, Rus- 
sian officials said. 

. Mr. Foale, as originally 
planned, will remain on board 
Until a U.S. space shuttle ar- 
rives in September to pick 
him up. 

Between Aug. 18 and Aug. 
20, the two new Russian cos- 
monauts, Anatoli Solovyov 
and Pavel Vinogradov, will 
begin repairs on Spektr, the 
Mir scientific module (hat 
was damaged in a June 25 
mishap with a cargo vessel. 

; The cosmonauts will first 
reconnect electrical cables 
from Spektr’s solar panels to 
the rest of Mir. At least one 
spacewalk is planned for 
Sept 3 m inspect the puncture 
in Spektr fiat caused air in the 
module to leak. 

The new crew "will stomp 
around, stamp their feet and 
jsee exactly where we’ve got. 
depressurization,” said 
Vladimir Solovyov, director 
of Mission ControL 
; [Mr. Foale, who had been 
tapped as a possible stand-in 
for the repairs, will not take 
part in the spacewalk, Rus- 
sian officials confirmed. The 
Associated Press reported. 
But he will be stationed in the 
Soyuz escape .capsule during 
the repair mi ssi o n to assist in 
case of evacuation.] 

■ [Mr. Solovyov and Mr. 
Vinogradov have been prac- 
ticing the repairs in an un- 
derwater tank. Once aboard 
Mir, one of than will re-enter 
the depressurized Spektr 
module, assess the damage 
and reconnect the cables. A 

ciewmate will assist from the 

The U.S. space shuttle may 
also be used to photograph the 
damaged area, he said. No 
one has actually observed the 
puncture or other damage to 
the surface of Spektr; esti- 
mates of the size of the punc- 
ture — three centimeters, or a 
bit more than an inch — de- 
rived from mathematical cal- 
culations based on the rate of 
air loss. 

A U.S. space official said 
that fie National Aeronautics 
and Space Administration 
was already pondering how 
the shuttle might be used to 
photograph Mir, although 
there has been no formal re- 
quest for its services. 

The shift in schedule — 
this is the third date set for 
repairs to Mir — essentially 
marks the end of major ac- 
tivities on this mission for the 
present Mir crew. But the 
three will be returning to 
Earth to face tough questions 
about at least one other ac- 
cident that marred their time 
in space; A shut down of all 
electrical power on the station 
when someone inadvertantly 
' polled a plug from a key com- 

Mission controllers did not 
consider the crew up to the 
task of the repair program, 
which would have required a 
grueling walk in space in 
bulky space suits. In partic- 
ular, Mr. Tsibliyev, die com- 
mander, has been described 
as under heavy stress and is 
taking medication for an ir- 
regular heartbeat 

“One of the reasons we 
have canceled the space walk 
by this crew" was their state 
of exhaustion, said Dr. Igor 
Goncharov, chief physician 
for Mission Control. 

[Mr. Solovyov, die Mission 
Control chief, bristled Mon- 
day at suggestions that the 
June 25 collision had caused 
irreparable damage to Mir as 
well as to fie prestige of the 
Russian space program, The 
Associated Press reported. 

[“This collision has in no 
way shortened the useful life 
of the Mir station," he said. 
“That’s how things work in 
this life. In fie development 
of space technology, both we 

■ ■ 

■ *;i*+*K*Z 4 >• 

1 '.•••£•*- ' 


Arson in Germany Hurts 21 

ESSEN, Germany — A smoky arson fire in an apart- 
ment building inhabited mostly by foreigners hurt 21 
people early Monday, police said. 

The fire started shortly after midnight in two sofas on 
the second floor of the four-story bnilding that housed 
about 60 people, including many Africans, investigators 

Police officials were investigating fie cause of fie fire, 
but Gabriele Limpert, a police spokeswoman, said there 
was no evidence that it was an attack on foreigners. There 
were no immediate suspects. (AP) 

Iranians Seek German Asylum 

BONN — About 15 asylum seekers from Iran oc- 
cupied fie headquarters of fie opposition Alliance90/ 
Greens party here Monday in a protest against fie alleged 
ill treatment of political prisoners in Iran. 

Heide Ruehle, secretary-general for the Alliance90/ 
Greens, said her party tolerated the occupation ro give fie 
Iranian opposition a forum to go public. 

The Iranians said five prisoners in Iran were in critical 
condition after starting a hunger strike at the beginning of 
the month. They claimed to be members of the opposition 
group Talash, whose German headquarters are in Co- 
logne. (AFP) 

Stdpn llic/n..- Awwinln] IVra. 

The Bosnian Serb president, Biljana Plavsic, greeting supporters during a rally in Doboj, north of Sarajevo. 

Suspected Mob Boss Arrested 

Bosnian Serb Leader Urges Democracy 

CamptM ty Our Staff Fnmi DLfutdm 

PALE, Bosnia-Herzegovina — The 
Bosnian Serb president, expelled from 
her political party over the weekend, 
said Monday that being free from the 

constraints of party discipline was like 
being able to finally take a deep breath. 

being able to finally take a deep breath. 

“It was as if I was wearing shoes two 
sizes too small,” Biljana Plavsic said. 
“Now, I breathe with my full lungs.” 

Supporters of fie wartime leader 
Radovan Karadzic expelled Mrs. 
Plavsic, his main rival, from the Serb 
Democratic Party on Saturday night Se- 
nior police and military officials meet- 
ing Sunday said they would no longer 
obey Mrs. Plavsic, according to Bosnian 
Serb television. 

Mr. Karadzic's supporters accuse 
Mrs. Plavsic of aiding the North Atlantic 
Treaty Organization's hunt for war 
crimes suspects and promoting a.dan-.. 
gerous split among Serbs: She accuses . 
fiem of corruption. 

“Now is fie moment to establish a 
democratic Serb state based on legality, 
because we belonged — and will again 
belong — to Europe," Mrs. Plavsic told 
a rally of more than 5,000 of her sup- 
porters on Sunday night 
The revolt against her appeared to con- 
firm fears that a stepped-up NATO cam- 
paign against Mr. Karadzic, Bosnia's No. 

L war crimes suspect has only led hard- 
line Serbs to close r anks around him. 

Two vehicles belonging to fie United 

Nations police force were vandalized 
overnight in Pale, fie stronghold of the 

. Separately on Monday, Croatia said it, 
wbuld fight demands to release ‘docu- 
ments that could be used as evidence 
against a Bosnian Croat general who is 
being tried at fie war crimes tribunal. The 
tribunal told Croatia on Saturday that it 
bad four weeks to provide information 
about General Tihomir Blaskic. 

Deputy Prime Minister Ljerka 
Mintas-Hodak said Croatia would use 
“all legal means available” to protect 
“our right as a sovereign state and our 
right not to present documents deemed 
to be of national interest." 

(AP. AFP, Reuters) 

PALERMO, Sicily — A suspected mob boss, who 
eluded an anti-Mafia sweep in December, was arrested 
Monday on charges of ordering the killing of a prison 

Francesco Milazzo, 49, is charged in the 1995 slaying 
of a guard at Palermo's main prison that prosecutors say 
was an attempt at forcing fie government to relax prison 
conditions for jailed mobsters. 

The authorities had been searching for him since he 
escaped a sweep that led to fie arrests of 40 other mob 
suspects. (AP) 

Swiss Police Kill Baggage Thief 

GENEVA — A police officer shot and killed a baggage 
thief Monday in the underground garage at Geneva’s 
airport, a police spokesman said. 

The officer, following up on a telephone tip, came upon 
fie man and two accomplices loading a bag into a car in 
the fourth level below ground. 

As he called out to fie three, one of the men raised his 

band holding an object. The officer, presumably thinking 
it was a weapon, shot him in self-defense, the spokesman 

France Pledges Help in Fight Against ETA 

said. The other two men fled, but left behind fie suitcase, 
which contained several thousand dollars, he said. 

The dead man was identified as a 19-year-old im- 
migrant from fie Albanian enclave in Kosovo, in south- 
ern Yugoslavia, who had been arrested on baggage theft 
charges four times since March, fie police said. (AP) 

Cta^Ord try Oiv Sc& Fma Dtspatcha 

IBIZA, Spain — France 
pledged Monday to help Spain 
in its fight against the Basque 

in its fight against the Basque 
separatist group ETA when 
ministers met here for talks to 

and the Americans make i 

gross through disasters."] 

pave fie way for a meeting 
this year. 

The French justice minis- 
ter, Elisabeth Guigou. told 
her Spanish, counterpart, Mar- 
garita Mariscal, that fie 
French government was pre- 
pared to fight terrorism “wifi 

all measures allowed in a le- 
gal state." 

She said France had arrested 
93 people connected with ETA 
in the past year and a half. 

The Spanish interior min- 
ister, Jaime Mayor Oreja, 
joined in calling for increased 

“At this time, there Deeds 
to be a new push," he said, 
“since ETA leaders are in 
France, and there needs to be 
increased effort in finding fie 

ETA terrorists.” Basque 
Homeland and Liberty, has 
killed about 800 people since 

The kidnapping and 
murder by ETA of Miguel 
Angel Blanco Garrido, 29, a 
politician who belonged to 
the governing Popular Party, 
sparked national outrage and 
large anti -ETA protests last 
week in Spain. 

On Monday, three ETA 
members were given lengthy 

. prison sentences in Madrid 
for their part in a plot to as- 
sassinate King Juan Carlos I. 

Juan Jose Rego Vidal and 
Jose Garcia Sertucha were 
sentenced to 37 years each. 
Mr. Rego Vidal's son. Ig- 
nacio Rego Sebastian, was 
sentenced to 35 years. 

They were arrested in Au- 
gust 1995 on Majorca as they 
plotted to kill fie king, who 
was vacationing there aboard 
his yachL (AP, AFP) 

1,500 Join Scientology Protest 

FRANKFURT — Chanting slogans and singing songs, 

1 ,500 to 2,000 people marched here Monday in a demon- 
stration against religious discrimination. 

The protest, organized by members of fie Church of 
:ientology, attracted Scientologists from across Europe, 

Scientology, attracted Scientologists from across Europe, 
Canada and fie United States. The Hesse state Intenor 

Ministry, saying Scientology is not a religion but a 
business, issued a statement criticizing the demonstration 
as misleading. 

The protesters walked from fie main train station to fie 
Alte Oper opera house near fie city center, carrying signs 
fiat read Scientology Freedom of Religion,” and 
“Against Discrimination of Religious Minorities.” (AP) 

Mondays, Wednesdays, Fridays 

and Saturdays are 



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In Impoverished Haiti, 
Profits From the Dead 

As Economy Worsens, GraueRobbers 

Comb the Cemeteries for Valuables - ■ - 

By Serge F. Kovaleski 

W ashington Post Sen-ice 

PORT-AU-PRINCE, Haiti — In this 
destitute co tinny, not even the dead are 

The capital’s main cemetery — a 
maze of above-ground tombs in which 
the nation's poorest and its most power- 
ful have been laid to rest — has been 
overrun by looters in search of bronze 
and iron coffin handles, gold teeth, jew- 
elry, clothing and whatever else the 
deceased have to offer. 

Rampaging mostly at night, grave 
robbers bash gaping holes through 
tombs and pry open caskets, stripping 
them of anything remotely valuable that 

can fetch money on the streets. Corpses" that the country is going i 

die country’s military regime to accept 
the return of Jean- Bertrand Aristide, the 
president who had been ousted in a com. 
But their most immediate and noticeable 
effect was to drive up prices. 

The sanctions filially were lifted in 
late 1994 after U.S. troops were de- 
ployed to help restore democratic rule. 

At the time of the American occu- 
pation, hopes were high that the coun- 
try’s economic situation would im- 
prove. But a turnaround has yet to 
materialize, and the authorities say 
more people are resorting to theft, in- 
cluding preying on the dead, as dis- 
content mounts over the rising cost of 
living, astronomical unemployment and 
a widespread feeling among Haitians 
thax the connxrvisizomg nowhere.- - 

and piles of bones are dumped on the 
ground, left to rot in the next day's 

The pilfering is so rampant that 
empty-handed vandals gather each 

Casket handles, which 
win cost more than $100 
in fdneral parlors, are the 
thieves 9 target of choice. 

morning inside the cemetery’s front 
gates waiting for families to pay them to 
repair the violated mausoleums. 

It can be a matter of hours from the 
time a body is buried until a crypt is 
ransacked. And little is spared, including 

ransacked. And little is spared, including 
flowers and wreaths placed in memory 
of the dead that pillagers pluck and sell 
far quick cash, usually to other bereaved 
relatives visiting the same place. 

“The day after I buried my father, I 
went to visit him, and his tomb was 
destroyed," said Solange Justin. “They 
dragged his coffin out, ripped the 
handles off and stole the shoes right off 
his feet They left him out there like a 
dead animal. Things are so dire in our 
country that you can ’t even bury a loved 
one with dignity." 

The wave of ghoulish assaults is one 
of the most shocking signs of how des- 
perate life is in this Caribbean nation of 
7 million people, die poorest in the 
Western Hemisphere. 

Authorities say the looting began in 
earnest after international trade sanc- 
tions were imposed on Haiti in 1991. 
The measures were intended to pressure 

nped on the Municipal officials said the criminal 
i next day's activity in .the publicly run cemetery is 
disturbing not only because it shows a 
imp ant that callous disrespect for the dead, but be- 
jamer each cause the scattered bodies can spread 
disease in a city already ravaged by 1 
debilitating poverty. 

tuch “Iris becoming a serious health prob- 

(iaa Jem," said Louis Mac c e n a, assistant 
a JplW director of the mayor’s social affairs % 

are the office. % 

, . Mr. Maccena said it is difficult to keep 

noice. looters out of the cemetery because the B 

wall ringing it is low and easily scaled. B 

itery’s front The authorities said, dial . casket ~ 

► pay them to handles, which can cost more than $100' 
urns. in fimeral parlors, are the targets of choice 

urs from the for thieves, who resell them for as much /" 
il a crypt is as $20 — a substantial sum in a country 
id. including where the average per capita income is 

t in memory estimated at less than $250 a year. There 

luck and sell have also been instances in which entire 

ner bereaved caskets have been emptied^ capped off. 

to TBSWly tx^vcdfamili es . 

my father, I But some have begun taking matters N 
s tomb was into their own bands to protect the final mo> 
lstin. “They resting places of their loved ones. A mer 
ripped the number of the tombs, sane of them Dan 
oes right off multistory structures of marble with the 
there like a sliding glass doors, are secured by large and 
i dire in our steel gates latched shut by padlocks. actr 
bury a loved “There is misery in this country, and emr 

people will do anything for money, even steo 
saults is one if it means stealing from the dead,” said strei 
of how des- one of the many unofficial repair hands IV 
an nation of at the cemetery, who claimed he was met 
west in the paid roughly $2 for each tomb he re- cler; 

furbished. _ lead 

ng began in “There is money in looting, but there &wi 
trade sane- is also money in putting coffins back in crea 
lid in 1991. their place and patching up the holes,” refb 
1 to pressure he said. T 




group of eight African heads 

of state has pledged short- 
term financial support to help 
President Laurent Kabila re- 
build the former Zaire, 
drained by decades of cor- 
ruption and neglect. 

The leaders of Central Af- 
rican Republic, Eritrea, Nam- 
ibia, Mozambique, Rwanda, 
Uganda* Zambia and Zimb- 
abwe met in Kinshasa on Sun- 
day and voiced support for the 
new leader of Africa's third 
largest nation, now Demo- 
cratic Republic of the Congo. 
Gabon and Ethiopia were also 
represented at the meeting. 

“The heads of states and 
governments committed 
themselves to providing, 
within their means, concrete 
material and financial support 

to the Democratic Republic ©! . 
the Congo,” ^participants 
in die summit meeting said. _ 
The : leaders isaid ’.that.. 
Congo needed ‘‘timely supf. 
port without attached string 
and preconditions to ove^ 
come urgent challenges.’' ■ . 

Mr. Kabila overthrew 
Mobutu Sese Seko in May 
after a seven-month military 
campaign. ■ Major daupre 
shunned Zaire because of rejh 
peated human rights viofy. . 
dons and lack of democracy. 
They have said aid could }$ 
restored if Mr. Kabila im- 
proved human rights.- . ^ 

Mr. Kabila’s government 
has said, it will not make re- 
payments on the country’s 
$14 billion foreign debt % 
now. It says that a committee 
will need to examine the de£a 
before talks can be; held- 


BELGIUM’S NATIONAL DAY — A woman shading herself from the sun with a 
Belgian flag as thousands waited Monday for the start of a military parade in Brussels. 

Malawian Will Quit Politics jj 

• w •• ;b 

Reuters opposition Malawi Congresg 

LILONGWE — Malawi’s Party’s annual convention; yg- 

former president and dictator TTw former 

for nearly 30 years, Kamuzu was defeated m 1994 by. Prcs-lf 
Banda, has told his party he idem Bakili Muluzi,is b$- 
wants to quit politics. lieved to be close to 1 OOyearp 

“The tune has come to take old and is in poor health. ,? 
stock of Malawi’s achieve- He said his def eat in thp 
meats and my role in the coun- elections was a painful ex- 
try’s development," Mr. perience and the democrat^: 
Banda said Sunday at the main transition a difficult one. 

• A 

Critics in Kenya Remain Skeptical as Moi Promises Reform 

By_ Stephen Buckley 

Washington Post Service 

NAIROBI — A series of dramatic 
moves last week by Kenya’s govern- 
ment gave the appearance that President 
Daniel arap Moi was backing down in 
the face ot demands for constitutional 
and other legal reforms. But opposition 
activists and politicians say that die gov- 
ernment’s new enthusiasm for reform 
steins from a desire to strangle, not 
strengthen, calls for change. 

Mr. Moi, in power since 1978, has 
met with prominent members of the 
clergy, promised to meet opposition 
leaders mis week, agreed to ease tough 
laws on public rallies and said he would 
create a commission on constitutional 

The actions “are welcome, but they 


. are piecemeal and half-baked,” said the 
Reverend Timothy Njoya, a Presbyteri- 
an minister in the forefront of the reform 
movement. “They are still not dealing 
with the presidency. As long as he main - 
tains the kind of power that he does, 
changing of laws doesn’t matter." 

Mr. Moi, under whose authoritarian 
rule Kenya has become one of the 
poorest and most corrupt societies in 
sub-Saharan Africa, has a history of 
political maneuvering and manipulation 
that makes it hard to determine whether 
he truly has embraced reform. The pres- 
ident has long been a master of sub- 
verting the opposition with just enough 
concessions to cool protests and tamp 
down fears of foreign investors and dip- 

He has declared support for consti- 
tutional reforms before. In the spring of 
1995, he promised a thorough review of 
the country’s governing document, only 
to change his mind months later. 

Such memories are seared into the 
collective psyche of the reform move- 
ment, and its leaders say they are de- 
termined not to be so easily pacified this 

But Mr. Moi’s opponents say his ac- 
tions could smother public enthusiasm 
for protests planned throughout the 
country in the next month. The demon- 
strations, including a national strike and 
a day of prayer, will follow a series of 

protests that have resulted -m at leasr 1 1 
deaths, as security forces have put down 
the unrest wife sometimes brutal force. 

In addition, reform movement lead- 
ers stepped up their call last week to 
disrupt elections to be held this year. 
They said they planned to ensure that 
even if a vote occurs, the turnout will be 
too low to make it legitimate. 

Mr. Moi is “trying to make fee 
protests meaningless, ' T said Richard 
Leakey, fee famed paleontologist and 
conservationist who has become a lead- 
ing political activist here in the last two 
years. “It’s going to be tough for fee 
reform movement to figure out how not 
to lose fee initiative.” 

er, and Mr. Moi got together for abotft 
15 minutes Wednesday. Mr. Wamalwa 
has supported fee call for constitutional 
reforms but has been stained wife ac- 
cusations of wrongdoing in connectiaeaj 
with two major financial scandals in the 
past few years. ■ 1 

• Those are things that have damage*! 
his standing," said Gibson Kamau Kur- 
ia, a Leading human rights lawyer. ‘’The 
fear is that all feat Moi needs to do tp 
Wamalwa is give him lots' of money.” 
The planned meeting also makes ac- 
tivists such as Mr. Kuria nervous be- 
cause the opposition in Kenya is amopg 
the most fractious in Africa. 

The reform movement — a coalition 

Concerning Mr. Mol's proposed n£- _ of clergymen, opposition politicians 

forms, he added: “1 don’t think it’s an 
entire sham. The question is just bow 
deep it goes.” 

Reform movement leaders say their 
skepticism is justified. They note, for 
example, feat of the 17 clergymen with 
whom the president met early last week, 
only three are known as outspoken crit- 
ics of the regime. A number of those 
present have Tong been solid supporters 
of fee president. 

Leaders of fee reform movement are 
also concerned about this week’s 
planned meeting between Mr. Moi and 
opposition leaders. The meeting was 
scheduled after Michael Kjnjana 
Wamalwa, the official opposition lead- 

and human rights advocates — has 
gained momentum in recent weeks jh 
part because the parties have maintained 
a fragile i unity. Ms* Kin^.andjMjr. 
Njoya, who was beaten by, secnri|y 
forces two weeks ago, say Mr. Moi is 
seeking to set opposition, politicians 
against the clergy and human rights 

“If Moi pushes out the intellectuals, 
be will gain fee upper hand again,’ ’ Mr. 
Njoya said. "We are pulling the carpet 
from under his feet” 

Moi critics also allege feat he is 
simply hying to calm foreign govern- 
ments. which rained criticism on hi? 
regime earlier this month. u 

■ As i 

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Touches Base j 
With Earth 1 

A/tence France-Presse 

Communications re-.,, 
sumed Monday between ^ 
Earth and fee Pathfinder" 
probe on Mars, NASA; 
officials at fee Jet Pro- ; 
pulsion Laboratory in.; 
Pasadena reported. 

The Pathfinder had not 
been able to communic- 
ate wife ground control^ 
for two days. >, 

NASA officials, were*” 
awaiting information and - ' 
photographs feat fee mo- J 
bile rover Sojourner had j 
collected on fee weather ! 
and the planet geology | 
but could not send over < 
the weekend. 1 

The flight director, j 
Brian Muirhead, said < 
both the Pathfinder and ! 
the Sojourner seemed to ; 
be in good condition. i 
Scientists were trying j 
to figure out what caused 
the data breakdown. { 

U.S. Challenges 
Wine Labeling j 

The Associated Press * 

ies have shown that moderaip 
alcohol intake can reduce fee 
risk of heart disease. ; 

But the U.S. wine in- 
dusny’s proposal to refer on 
bottle labels to the “heaitfi 
effects "of * ‘moderate 1 ’ con- 
sumption has drawn criticism 
from federal health official^, 
who suspect it might be b 
subtle way of encouraging 
people to imbibe too much. ; 

The Department of Health 
and Human Services is urejnk 
fee Treasuiy’s Bureau ofAJ- 
cohol. Tobacco and Firearms 
to delay approval of fee la- 
bels. "The proposal under 
consideration is a thinly dis- 
guised attempt to make an af- 
firmative health claim,” said 
Dr. John Exsen berg, acting as- 
sistant secretary for health. ; 





es Off, 


aciai Arafat to Meet Israeli in Brussels 

But Levy and Netanyahu Have Few Expectations for Talks 

go— A 
a: heads 
4 shorr- 

VS^P Conr,Q ,eac ters T?* -• CaaWtvOvSafftomDispBiiB 

2?:"- PWI W,S«I -iS ' JERUSALEM - Forti ^ Minister 
***1 Drer? Ul J a WCJ: David Levy of Israel said Monday that 
OI COr ' comeurp° ndil, 0 n5 he would meet Yasser Arafat at a Etuo- 
* e nieh,u ttean l Inmn meeting in Brussels on 

tlraiAf ‘ Mobutu 

1 Zirrib- 
on Suc- 
cor the 
i*s third 


ere disc 







if '«a'sev! se 'sC? 



iai j ij Uj j. posals to end a four-montl 

Ff.'njtfais 0n -fhc peace process with the 

5i4 KtII.,.. , ftw ‘ nssvfeinn 

pean Union 

But he said he was not expecting 
dutch to be achieved. 

‘‘I'll meet him and we have things to 
talk about, but there isn’t some sent of 
■, n „. ,—iuui r, ok ;'f Expectation for the sake of which I’m 
Thev u * ac k of? »*^itveling all the way to Belgium.,” he 
, i0 • n * v e 70105, Said on Israel’s Channel Two news. 
‘ 0re d if \jj. ^ to* Prime Minister Benjamin Netanyahu, 

meanwhile, said that he was sending a 
senior adviser to Washington with pro- 
-month-old crisis in 

- ■ ■ - mp -» — r 1- itb the Palestinians. 

14 Dill JOri f w * % ; We are working jointly with the 
n °w . It sav s [ha,' 1 ® 0 'Americans and we have some bridging 
“ 4 : 1 aw ideas. I believe they’re good proposals,” 

tf- spokesman quoted Mr. Netanyahu as 
■saying to members of the governing 
Likud party faction in Parliament. He 
jjid not elaborate on the ideas. 

Israeli-PLO talks, launched with a 
U.S.-backed interim accord in 1993, 
have been stalled since Mr. Netanyahu 
authorized the building of a Jewish set- 
ine I(;ir _. -7-m fiement in Arab East Jerusalem in 
waid*f~u?i dicta *- triggering an eruption of Pat- 
ient <stinian protest 

!:ev-> j r,, V Die Dieting between Mr. Levy and 

ol 4 ^ "Mr. Arafat on Tuesday will be the 

He • 'H ,I l p0or Ni ^Shest Israeli-PLO contact since the 
elect-, t tw0 leader 8 met briefly at a Euro-Medi- 

Alr * as a paaru 'terranean conference in Malta in April 

leniain 4^ : r On Monday, Mr. Arafat was con- 

^ dinjcuh^ fronted with problems within his own 

KHl Quit Polj^ 

am he 

to take 

administration when a committee ap- 
pointed to investigate charges of official 
corruption called for die dismissal of 
several ministers and senior bureau- 

Committee members, appointed by 
Mr. Arafat six weeks ago, were tight- 
lipped about their findings. 

But Majed Mazmi, a committee mem- 
ber and high court judge, said: ‘‘Some 
ministers and deputy ministers will have 
to face accountability. We recommen- 
ded that there be changes in the gov- 

There has been speculation that Jamil 
Tarifi, Mr. Arafat's minister of civil 
affairs, will be one of the ministers to 
lose his job over the corruption alle- 

An internal audit in May by the office 
of the comptroller of the self-governing 
Palestinian entity, found that $326 mil- 
lion — nearly half die 1997 budget — 
had been lost to corruption or misman- 
agement by Palestinian Authority of- 

It was followed by a report from a 
watchdog .group claiming that top of- 
ficials have systematically abused their 
positions for persona! financial gain. 

Tayeb Abdel Rahim, cabinet secre- 
tary of the self governing entity, who 
headed the committee, said it had come 
up with different numbers from those of 
die Palestine comptroller. 

But he said, “We have found mis- 
management not only in areas of fi- 
nance, but also in adminis t rati on and 

He added: ‘‘Most of the mismanage- 
ment came from lack of experience and 
absence of laws and regulations.” 

Israeli newspaper and radio reports 
said Freth Abu Medein, the Palestinian 
Justice minister, had resigned after being 
implicated in the corruption scandal. 

But Palestinian sources said that Mr. 
Abu Medein submitted his resignation to 
Mr. Arafat several days ago because he 
was unhappy about being excluded from 
decision making in several key appoint- 
ments. Mr. Arafat refused to accept Mr. 
Abu Medein’s resignation, the sources 
said. (AP, Reuters, AFP) 

■ Palestinians Find Bomb Factory 

The Palestinian security forces found 
bombs, bags filled with TNT, Jewish 
prayer shawls and false beards in a West 
Bank apartment being used as a bomb- 
malting factory, a police commander 
said Monday, The Associated Press re- 
ported from Bethlehem. 

Colonel Kama! Sheikh said that the 
apartment in Beit Sahour, a village out- 
side Bethlehem, was being used by the 
Islamic militant group Hamas to prepare 
a bombing attack. Three Palestinians 
were arrested, including the owner of the 
apartment, he said. 

Hamas has claimed responsibility for 
dozens of deadly attacks against Israel, 
most recently a suicide bombing in 
March at a Tel Aviv cafe that killed three 
Israeli women and the bomber. 

Police found 30 kilograms (65 
pounds) of explosives, wired to timers , 
as well as materials for making bombs. 

■Warn) Efpn/AfM-rw Franr-Prew 

Ulster Union Party leaders, David Trimble, center, Ken Maginnis, left, and Ian Taylor, going to meet Mr. Blair. 

IRA: Is the Cease-Fire a Leap Toward Peace or a Tactical Move? 

mises Refi 

01 1 

FRANCE: Tax Increases, Stiffer Than Expected, Jolt Industry 

r. arid Mr \!,- 

Reiner m 

c: 3-.;,^ ;n ' anaea tnai mere is no guaran 

ids :»o max: :\r ^Spending cuts will be as high 

1st fr* tiected.” Mr. Chaney, a former 

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S' Contmned fromPage 1 

Eric Chaney, senior economist at the 
•Paris office of Morgan Stanley, said the 
spending cuts announced were “not spe- 
■cffic enough to be fully credible” and 
added that “there is no guarantee that 

as ex- 

reasuxy official, tensed the entire 
package “bad news for corporate in- 
vestment and the stock market’ ' and said 
-‘“the bottom line is that the French So- 

but they expect France to be allowed to 
join monetary union even if its deficit is 
higher than 3 percent Die issue of just 
how far beyond 3 percent France wiU be 
allowed to go is likely to be a decision 
facing European Union leaders next year 
when they meet to agree on which na- 
tions will participate in the euro. 

In a pointed reference to Germany, 
also struggling 10 bring its deficit down 
to 3 percent, Mr. Strauss-Kahn said 
Monday that France would meet the 
Maastricht treaty criteria “in the same 

bialists want France to qualify fa- mon- conditions as its partners.” 

iamyT r.r 

: /j. . 

fisya itiij ‘ ‘A . 
era .-. .■ - - 
Mot c;‘ _ 
!Rp’«\ zry, 


jiime AiT-ter ,m r. - 


it ’ 

i ;vfc: 
Min 1 

etary union and are asking companies to 
pay for ft.” 

-- Mr. Strauss-Kahn said the new mea- 
sures would shave four-tenths of a per- 
centage point off Prance's deficit-to- 
GDP ratio, implying that the level would 
ti*op to 3.1 percent to 3.3 percent this 
year. He refused to say whether Paris 
[Would achieve the 3 percent deficit tar- 
get this year, but insisted that Ranee 
would joiflGexmany and other European 
tiatibns injn traducing the euro on schetf- 
■tilein 1999.' ■ 

■'■ Most Economists are predicting a 
=1997 ratio of 33 percent to 3 J percent. 

“What Strauss-Kahn is telling Ger- 
many is ‘Don't criticize us because your 
problems are as bad as ours,' and in fact 
this is a package the Germans will find 
hard to criticize,” said Julian Jessop, 
senior economist at Nikko Securities. 

Ms. Cottrell of PaineWebber said that 
Mr. Strauss-Kahn ’s remarks would 
“create more headaches for Chancellor 
Helmut Kohl, who is already facing 
hard-liners -who want Bonn' to get its 
deficit down to 3 percent this year.” 

: ' She said, “The paradox is that this is a 
French audit and a Reach budget move 
but one of its major effects is in Ger- 

many, where you have a very weak 
government that France is making even 
weaker because it is raising awkward 
questions like what happens if Germany 
makes 3 percent and France doesn't.” 

In Munich, Germany’s finance min- 
ister, Theo Waigel, was guarded in his 
remarks. He acknowledged the French 
political will to meet Maastricht con- 
ditions, but stressed that the final out- 
come was not yet clear. 

“We do not know today what will 
happen in the end,” he said. “France is 
taking care of this and is aware of its 
responsibility not to stop at 3.5 or 3.6 
percent of GDP.” 

Mr. Waigel said the tax increases 
were “not very pretty” but he praised 
France fra trying hard to meet single 
currency terms. The tax increases and 
spending cuts, he said, would have genu- 
ine consequences. 

Mr. Gandois of the French industry 
association said that the increases would 
be justified only if they helped France to 
qualify for monetary union. The creation 
of the euro, he said, “is effectively an 
essential objective, as long as French 
companies do not arrive exhausted. ’’ 

Continued from Page 1 

day for a tense meeting with Tony Blair, 
the British prime minister. Mr. Blair 
secured the call for the cease-fire that 
began Sunday by dropping a demand 
made by his predecessor, John Major, 
that Sinn Fein could only participate in 
the peace talks if the guerrillas gave up 
some weapons at the outseL 

Obtaining die truce was a significant 
diplomatic triumph for Mr. Blair, who 
has moved rapidly in his first months in 
office to seek an end to the cycle of 
sectarian violence that has claimed more 
than 3.200 lives since 1969. 

But it left Mr. Trimble, leader of a 
party that is as essential to achieving a 
durable peace as is Sinn Fein, exposed to 
criticisms from the British that he had 
been humiliated, and to demands from 
his own membership and more militant 
Protestant parties that he exact from Mr. 
Blair a promise that arsenals be reduced 
during the negotiations. 

Before seeing Mr. Blair. Mr. Trimble 
accused the British government of “du- 
plicity on a massive scale,” but on de- 
parting an hour and a half later, he in- 

dicated there was possibility for 
progress, adding that “the prime min- 
ister is going to make further explo- 
rations of the issues to see what can be 

While Mr. Trimble is under pressure 
from militants to insist on favorable 
terms as a condition for staying in the 
talks, he risks opprobrium as the person 
who doomed peaceful negotiations if he 
takes a walk. He must also act in the 
awareness that such a. step would lend 
the image of peacemaker to his chief 
opponent, Gerry Adams, the Sinn Fein 
president who is the political leader of a 
group with a history of terror. 

There will be a vote Wednesday, on 
the procedures for setting up separate 
parallel talks on disarmament. The peace 
talks are due to resume Sept. 15 with the 
goal of an agreement by May. That ac- 
cord is then to be put to parliamentary 
and public votes in Britain, Northern 
Ireland and Ireland, a so-called triple 
lock procedure taken in the name of 
assuring people that no settlement will 
be imposed on them from the outside. If 
the process makes it to that point, the 
participating parties will take up the 

matter of squaring two positions with 
little consonance. 

Sinn Fein is dedicated to expelling the 
British from Northern Ireland and mer- 
ging the province with the Republic. The 
parties representing the Protestant ma- 
jority want Northern Ireland to remain 
parr of the United Kingdom and abhor 
any further approximation to Dublin. 
The Irish government gained consultat- 
ive power in the North in the Anglo-Irish 
agreement of 1985 that Protestants pro- 
tested then and resent now. 

Mr. Blair went to Belfast shortly after 
the May 1 election and said he did not 
expect to see Northern Ireland leave 
Great Britain in his lifetime. Mr. Adams 
has said that Sinn Fein might consider 
“interim arrangements” short of com- 
plete unification. 

A borderless Irish island is a highly 
unlikely outcome of the negotiating pro- 
cess being readied for September. The 
question then becomes much the same as 
the one on people's minds today. Does 
the IRA accept something short of its 
historic objective or does it return to its 
historic method of making its point: 
armed struggle. 

FLOOD: An Area of Death, Misery and Odors 

rj neUi.: •“ 

ASIANS: Wave of Currency Turmoil Spreads to Other Countries 

: _:r .-a ^ ■ 

Touches Ba* 
With Earth 

5 \VjEL:‘ ' 

.. -t.- 1 

x ':j. •• ' Continued from Page 1 

•fcenL It was the rupiah's 
. .biggest one-day fall in at least 
. -%vc years. In New York, the 
: dollar later eased to 2,510 
; rupiah. Indonesian stocks fell 
; 1.6 percent on the currency 
news, as investors feared that 


ill - • 

if 'j r-- J • 

I ■ ! '■ 

[local companies* foreign bra- 
; rowing costs would rise. 

’ Indonesia has been con- 
; sidered relatively resistant to 
! currency pressure because of 
!ihe central bank’s policy of 
jdepreciatihg the rupiah by 
1 abort 4 percent a year. Spec- 
lulators A short” the currency 
:by borrowing anti selling it, 
^hoping to make a profit by 
[buying it back at cheaper 

Elsewhere in Asia, two of 

the region’s strongest curren- Monday and even rose after 
cies were either under attack the race increase, which ana- 
or taking preventive mea- lysts said was an advance 
sures against speculators. strike aimed at speculators. 

The Singapore dollar, . “I think this is a preemp- 
wbich speculators attacked tive action smelling irrational 

forces at play,” Mr. Sund- 
berg of Salomon said. 

In New York, the dollar 
was quoted at 7.7498 Hong 
Kong dollars, up from 7.7495 

Hong Kong has what 
would be the toughest cur- 
rency in the region for spec- 
ulators to attack. Together 
with the People's Bank of 
China, it has more than $177 
billion in foreign currency re- 
serves pledged to support its 

Unlike other Asian coun- 
tries, moreover, Hong Kong 

last week, fell further, to its 
lowest level against the U.S. 
dollar in 31 months. In New 
York, the U.S: dollar was 
trading at 1.4660 Singapore 
dollars, up from 1.4595 dol- 

In Hoag Kong, where the 
local currency is pegged to the 
U.S. dollar, the monetary au- 
thority raised its overnight 
lending rate by 1.125 percent- 
age points and its three-month 
rate by 0.6875 percentage 
points after the Hong Kong 
dollar fell slightly Friday. 

■ The currency was steady 

does not have a current-ac- 
count problem. By most es- 
timates, ft runs a current-ac- 
count surplus. After moving 
into deficit for the fust time in 
almost a decade in 1995, 
Hong Kong’s trade balance 
went back into surplus in 
1996, economists say, and is 
expected to remain positive 
next year. 

The Hong Kong dollar also 
would be difficult to break be- 
cause it is not widely held. 
Banks such as Hongkong & 
.S hanghai Banking Qarp. that 
hold the billions that would be 
needed to break the currency 
peg have no interest in seeing 
a lower Hong Kong dollar, 
because so many of their as- 
sets are denominated in that 

Continued from Page I 

ing their own way around. 
Hallways were dark as night 
The building Had ho electri- 
city, no working phones and. 
save for a few mobile phones, 
no way of coordinating work 
from office to office. 

More worrisome news de- 
veloped with the hour. By 
Monday afternoon, flood ex- 
perts who are charting every 
raindrop in the region said a 
fresh burst of rain, from the 
Sudetan Mountains, had 
again added to the Oder 

That flood water is expec- 
ted to surge toward the fiat- 
lands of lower Silesia by 
Wednesday or Thursday and, 
most significant for the thou- 
sands of people who once re- 
lied on Mokry Dwor for tap 
water, right up to the water 

The new flood is not ex- 
pected to top the high-water 
marks clearly seen on build- 
ing or fences in this city. 

But it will add to the dis- 
aster by adding more water to 
an already-submerged re- 

At Mokry Dwor. that adds 
weeks to their timetable of 
restoring water jk> the fourth- 
largest city in Poland. 

In the last two days, gov- 
ernment officials have 
trundled 200 soldiers to 
Mokry Dwor on a mission to 
raise a fortress of sandbags 
walls around the critical 
plant. But it is clear that the 
city now will have to rely on a 
smaller plant in Wroclaw that 
suffered Utile damage. 

Thai means, water officials 
said, that fresh water will be 
restored to only the most urb- 
an areas of this region — and 
even that will demand water 
rationing. No one would haz- 
ard a guess when fresh water 
would flow from household 

“We had pumps that were 
supposed to pump water 
out," the Mokry Dwor man- 
ager said. “But they’re under 
water too. Right now, it’s like 
we’re a bathtub. The problem 
is the water has no where to 

It is clear that officials from 
Warsaw, as well as municipal 
authorities around Wroclaw, 
are struggling to wrest control 

over what is the worst natural 
disaster there this century. 

Flood waters apparently 
overwhelmed a new sewage 
treatment plant and massive 
trash dumps outside the city. 

Monday, managers from 
Wroclaw’s water treatment 
firm said the sewage treat- 
ment plan was still unusable 
but they had found a sure 
method to push the sewage 
out of Wroclaw: They were 
dumping it into the Oder. 

“Our priority is to get the 
pipes clear.” said Leszek 
Karwowski. a manager for 
the Municipal Enterprise for 
Water Supply and Sewage 
System that supplies water 
and sewer service here. “All 
the sewer water is going into 
the river now.” 

Mr. Karwowski said the 
sewer water would move 
quickly onto Szczecin, on the 
west Polish border with Ger- 
many, and' then into the Balt- 

He said he did not consider -r% 9 y-*» . 

the water a danger, although tuTtV S LflOlCC 
published reports here indi- 
cated that “huge amounts" 
of bacteria had been found in 

Albania President 
Calls Parliament 


TIRANA — President 
Sali Berisha of Albania 
on Monday issued a de- 
cree convening the first 
session of a new Parlia- 
ment for Wednesday, but 
his Democratic Party 
said it would not attend. 

Mr. Berisha has re- 
peatedly said he would 
resign once the Parlia- 
ment is in place but his 
statement gave no indi- 
cation of when he 
planned to step down. 

Mr. Berisha's Social- 
ist opponents, who won a 
big majority in the June 
29 elections, warned 
Sunday that if he failed to 
issue the decree, they 
would call the first ses- 
sion themselves. 


Continued from Page 1 


VV' A 


s'. ChaU e1 f 




i< * A - 1 „ «->- / 

7* - .-l- 


. .. C 



... ■ • 

4 *; 

. -*■ . i.iy ■ 

■ fr>" 

100 Reported Killed in Algeria 

ALGIERS — : Government security traces killed about 
100 MnsKm militants during a raid on a clandestine meeting' 
south of the capital, French television reported Monday. 

- LO . television said the raid on the Armed Islamic 
Group occurred in the rugged A taba region. It did not say 
when the operation took place. 

Separately, Interpol, the international police agency, 
said it -would -hold an African regional conference in 
Algiers from Aug. 7-10. ( AP.AFP ) 

DeafMexicans Enslaved in N.Y. 

NEW 1 YORK — Law enforcement officials say a 
[. smuggling ring cracked over fee weekend sneaked scores 
- of deaf Mexicans across die border, bid than in safe 
houses in California, flew them to New York and forced 
them to work as trinket vendors in the subways. 

On Stmday morning, 57 of the Mexicans, including 12 
children, ate at alwttJ restaurant as immigration authorities 
> determined that almost all were illegal immigrants. 

1: :SevmMejdcans were arrested and charged with smug- 
1 gling-related offenses. An eighth suspect, Reinaldo Pao- 
letti, whom the authorities said they- considered the 
•, ringleader, is still being sought m the united States and 
: Mexico. (NYT) 

Saudis Cite Air Crash Findings 

RIYADH— Saifi Arabian Airlines said Monday that 
it had been iimoaait in the world’s worst midair collision, 
the Nov. 12 crash near New Delhi that killed' 349 people. 

The final report of the Indian inquiry, based on studies 
of the flight recorders from the crash, found that the 
Kazakstan Airlines Hyushin-76 jet was to blame for the 
collision because it had descended to the same altitude as 
the SaudiBoeing 747; the airline said. 

“Drc final findings proved that Saudi Arabian Airlines 
was not responsible even in the slightest manner in causing 
the accident/ 7 it said. “Rather it was a -victim. Its flight 
crew could do nothing more to avoid the accident.” 

Die report is to be presented to the Indian Parliament 
on Thursday.--- , (AFP) 

VOTE: Liberian Leader Lost the War , but May Have Won the Battle for Election 

D—td GgacnMdq/rhc Airirrtri Pm 

Charles Taylor, with his wife beside him, attending a Baptist Church 
service in Monrovia as he awaited the results of the Liberian election. 

Continued from Page 1 

Mr. Taylor’s forces, which in- 
cluded gun-toting children. 

In addition, Mr. Taylor has bitter 
enemies among Liberia’s Krahn 
and Mandingo ethnic groups, and 
the commander of West African 
peacekeeping forces deployed here 
announced Sunday that a govern- 
ment official, a Krahn, had con- 
fessed to participating this summer 
in a plot to kill Mr. Taylor. 

He said the man had repented 
and had been released after Mr/ 
Taylor forgave him. 

International election observers 
withheld final assessments of the 
vote pending the completion of the 
count, but said it appeared so far to 
have been conducted fairly. 

But Mrs. Johnson-Sirleaf ac- 
cused peacekeeping soldiers of 
casting votes for people too con- 
fused to vote themselves and of 
beating members of her party who 
objected. The Associated Press re- 
ported. She said she would chal- 
lenge the vote. 

Observers from the United Na- 
tions, the European Union and oth- 
er groups had high marks for the 
way the balloting was conducted. 
Still, the control that Mr. Taylor’s 
faction exercised in much of the 
country gave him huge advantages 
during the campaign. 

For years, his forces have run a 
quasi-govemment in much of the 
country, financing it by selling off 
the riches of Liberia’s mines and 
forests. But a Taylor victory will 
have been won with more than his 
war booty. Mr. Taylor's persona as 
a powerful leader appealed to 
many who believe the country 

needs a firm hand after seven years 
of fratricide. 

A political analyst suggested last 
month that while a government run 
by Mrs. Johnson-Sirleaf would be 
more honest and efficient, a Taylor 
administration might offer other 
hope of reviving the crushed 
Liberian economy. “A main dis- 
ease of this country is an insular 
complacency," said Bill Frank 
Enoanyi, a columnist and public 
relations consultant here. 

While Mr. Enoanyi said he did 
not favor a Taylor presidency, he 
added that Mr. Taylor “is a hard- 
driving person” who could “jolt 
Liberians to work.” 

Mr. Taylor came to prominence 
as head of the government's Gen- 
eral Services Administration under 
President Samuel Doe. who took 
power in a coup in 1980. When 
President Doe accused Mr. Taylor 
of embezzling $900,000 in 1983, 
Mr. Taylor fled to the United 

He was arrested after President 
Doe applied for his extradition, and 
a U.S. investigation found evi- 
dence to support the embezzlement 
charge. But before his extradition 
was decided, Mr. Taylor broke out 
of a Massachusetts jail. He was 
reported 10 have spent time in 
Libya before taming up at the head 
of a rebel force that invaded Liberia 
from Ivory Coast on Christmas Eve 

His insurgency reached the gales 
of the presidential palace in 1990, 
but Mr. Taylor was denied power 
that year when a West African 
peace force was dispatched to 
Liberia and a rival faction seized 
President Doe and killed him. 

Gymnastics Stadium. 

Mr. Lee is best known for 
quilting as President Kim’s 
prime minister in 1994 to 
protest curbs on his power, 
saying be was bypassed by 
aides lo Mr. Kim when for- 
mulating important policies. 

By standing up to the pres- 
ident, he strengthened his 
reputation as being independ- 
ent and refusing to compro- 
mise his beliefs. 

Mr. Lee had been appoin- 
ted in December 1993 by 
President Kim as prime min- 
ister to lead the president's 
reform campaign. 

“Lee was a difficult Figure 
to handle but President Kim 
again appointed him as party 
chairman in March to restore 
the ruling party’s image," 
said Shin Jung Hyun, a polit- 
ical science professor at Ky- 
unghee University. 

In the first round of voting, 
Mr. Lee received 4,955 votes 
in a six-way race, but failed to 
win a majorin'. That led to a 
runoff with Governor Rhee In 
Je of Kyongki Province. 

In the runoff vote, marred 
by accusations of vote-rig- 
ging and smear tactics as los- 
ing candidates sought (0 re- 
direct their share of the votes 
to Mr. Rhee, Mr. Lee won, 
6,922 votes to 4,622. 

This nomination race was 
the first in which the incum- 
bent president did not des- 
ignate a successor, but instead 
called for a free election by 
the national convention. 

Mr. Lee is expected to face 
Kim Dae Jung, 72. head of the 
leading opposition party. Na- 
tional Congress for New Pol- 
itics, and Kim Jong Pil, 7 1 . of 
the United Liberal Demo- 


TUESDAY, JULY 22, 1997 






Diplomatic Geometry 

Almost everyone can agree that the 
structure of United Nations bodies 

somehow should reflect the changes in 
number and weight of state that have 
come about since the organization was 
founded a half-centmy ago. The most 
egregiously misshapen, the Security 
Council, reflects the geopolitical real- 
ities in effect at the end of World War 
IL But since bringing new members 
into international diplomacy's most 
charmed circle offers more power Co 
some, it may mean less power for 
Others, not least the United States. This 

is what makes the diplomatic geometry 

of Security Council reform die tricky 
thing it always is. 

The issue is currently in active play. 
The United State is supporting per- 
manent seats on the Security Council 
for Germany and Japan, now indus- 
trialized democracies, and for three 
developing countries. 

So far so good. But it is avoiding early 
commitment on whether it might favor 

giving some or all of these five a veto. 
The ve 

. veto mattes because the council 
actually deals with high-profile issues of 
peace and security; the General As- 
sembly is a one-state, one-vote, no-veto 
talk shop. Currently a veto is wielded in 

the council only by the five existing 
permanent members (the United States, 
Russia, China, Britain. France). Wash- 
ington is far readier to set a few extra 
chain: at the council table than to loosen 
up on fee key veto power. 

This is the right approach, but it is not 
without its complications. Even before 
the particular shadow of Jesse Helms 
began to fell across UN issues, Wash- 
ington insisted on a structure favorable 
to U.S. interests. Some would say it did 
so in arrogance. We would say it did so 
on the basis of a privilege feiny earned 
by the postwar American contribution 
to global peace and stability. 

All this is a bit awkward to say right 
now while Americans are having their 
own argument about whar part the 
United Nations can and should play in 
serving American purposes. Nonethe- 
less, it remains true that the United 
States has broad interests in the world 
and that it is to the advantage of many 
other nations and peoples that die 
United States be able to defend those 
interests. Not to accumulate power but 
to play a responsible role in the world: 
This is the standard by which to ad- 
dress Security Council reform. 


Reintegrating Europe 

How to reintegrate that half of 
Europe which for 50 years was trapped 
behind die Iron Curtain will be a cen- 
tral challenge to Western policymakers 
for years to come. NATO's recent in- 
vitation to three new members is one 
early step in the right direction. Now 
the European Union similarly has 
reached out to five formerly Commu- 
nist nations. The expansion of both 
alliances — one primarily military, the 
other primarily economic — is essen- 
tial to stability. 

The scope of the challenge is made 
clear by the astonishing statistic that all 
10 formerly Soviet-bloc nations of 
Eastern and Central Europe would in- 
crease die European Union’s popula- 
tion by a third but its economic strength 
by only 5 percent Even before World 
War Q, the nations of Eastern Europe 
lagged behind those to the west, and the 
gap widened hugely during a half-cen- 
tury of Communist misrule. Now 
equality is decades away, even for those 
newly freed nations that implement die 
most virtuous of economic policies. 

Their relative poverty is a potential 
burden to the West This will be a 
theme of the NATO enlargement de- 
bate, as U.S. senators question the cost 
of expansion and Western allies 
squabble about who will bear what 
share. It is similarly a question for the 
European Union, whose membere jeal- 
ously guard their EU subsidies as they 
fret about competition from cheaper 
labor and farm goods from the east 

Yet successful integration is essen- 

tial, to the United State as to Western 
Europe. This century's two world wars 
started in this in-between region. Weak 
and poor, it will a gain invite uncertainty. 
Prospering, it will offer a valuable mar- 
ket to the West and an encouragement to 
democrats further to the east 
The European Union's slowness in 
reaching out is a disappointment Its 
naming of five potential candidate 
leaves out another five, including wor- 
thies such as Lithuania and Romania. 
(Turkey, never Communist, also 
should be on the list but is not) Mem- 
bership for the lucky five is unlikely for 
at least five years, and that is considered 
optimistic; the other five may have to 
wait a decade or more, officials say. 
And already eight years have passed 
since die Iron Curtain began to lift 
Yet naming five at least is progress. 
Reassuring, too, is the European Un- 
ion’s decision, after great debate, to 
reach out to the Baltic nation of Es- 
tonia, as well as to Slovenia and the 
three NATO candidates of Poland. 
Hungary and die Czech Republic. Now 
some European officials are wisely 
pressing for a transitional forum for all 
these nations, to encourage and reward 
progress and make clear that all even- 
tually will be included. The process 
won’t be easy. But NATO and EU 
expansion, mutually reinforcing, are 
not a matte of charity. Successful 
transformations in the east are essential 
to continuing prosperity in America 
and in Western Europe. 


Gingrich and Friends 

When it comes to providing sum- 
mertime fun, you have to hand it to die 
House Republicans and their gift for 
snatching soap opera from the jaws of 
victory. Less than three years ago. 
Speaker Newt Gingrich’s promise to 
change Washington forever made him 
the hero of the Republican majority 

and particularly of the fire-breathing 
ideologues who made up the Repub- 

lican class of ’94. But between 1994 
and 1997 Mr. Gingrich managed to 
make himself as unpopular with fellow 
Republicans as he has become with the 
American people. 

The same freshmen who once 
formed the Gingrich cheerleading 
squad brewed up an attempted coup on 
the night of July 1 1. Mr. Gingrich’s 
most trusted aides — Dick Armey, 
Tom DeLay, John Boehner and Bill 
Paxon — formed a plan to save him by 
subversion. They would meet with the 
rebels to find out their secret plans. 
This is where the story gets good. The 
more they listened to the coup makers' 
scheme io dump Mr. Gingrich, the 
better it apparently sounded to them. 

Before you could sing "Midnight 
Train to Georgia." the save -Gingrich 
mission had morphed into an elect- 
Armey mission. When Mr. Armey be- 
came speaker. Mr. Paxon would step 
up to majority leader. There was also 
talk of Mr. Paxon as speaker. 

Details are murky. By some ac- 
counts, Mr. Armey backed out. By 
others, the platters decided that re- 
placing Mr. Gingrich with a man who is 
more ideological and looks meaner on 

television was not so smart- In any 
event, Mr. Armey stuck with Mr. Gin- 
grich. permanently damaging his cre- 
dentials with fee dissidents. Upon dis- 
covering that he was surrounded by 
dangerous buddies, Mr. Gingrich 
stewed for a week and finally decided 
on Thursday to fire Mr. Paxon from his 
leadership post Mr. DeLay may be 
next to go. Mr. Armey and Mr. Boehner 
have survived by denying fiercely that 
they encouraged the coup. 

Republican handicappers make sev- 
eral predictions based on these events. 
Now that dissatisfaction with Mr. Gin- 
grich is out in the open, he will be lucky 
to serve out his term until 1998. Mr. 
Armey’s chances of eventually being 

er, John Kasich. are both potential can- 
didates to succeed Mr. Gingrich, either 
in due course or in the next coup. 

Since the House Republicans have 
day jobs ( i.e., helping run America), all 
this has some implications for the cit- 
izenry. Chiefly, Bill Clinton has a bet- 
ter chance to shape the budget deal and 
to veto the Republican tax plan. 

But for the moment there is no harm 
in savoring the ineptitude of it all. For 
example, an activist group chose Fri- 
day to send out a press release head- 
lined “Gingrich, Lott to Rally Young 
Conservative Activists on the Hill." 
The Hill conservatives are rallying all 
right, but in regard (o Mr. Gingrich 
they look a lot like a lynch mob. 






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A China Policy Requires an Indonesia Policy 

W J. .. . i .. I . ac Plima’e in 

J AKARTA — When all is said and 
done, the Clinton foreign policy is 

By Thomas L. Friedman 

~ . tnnA in "And ns long 3S Chins i n t e rn al 
Vietnam to balancing Ouna _gnd e&y ^ c problem is so massive, it 

transitions now under way: the decline 
of Russia and the rise of China. 

Far now, Russia’s decline is going 
relatively well (thanks to Boris), but the 
rise of China is another matter. It is 
critical that China’s rise at the close of 
this century be handled better than Ja- 
pan’s rise at the start of this century, 
since Japan’s emergence as a power- 
house led to three wars in Asia. 

But there is no way the United States 
cam manage the rise of China alone, or 
even with Japan. And that brings me to 
Indonesia. Indonesia has played one of 
the most important, but least under- 
stood, roles in managing China's rise. 

This is not only because with its 200 
millioa people Indonesia is second 
only to China in weight in Southeast 
Asia, but also because Indonesia is the 
keystone of the Association of South 
East Asian Nations. ASEAN isn’t 
NATO or the European Union, but it 
does a pretty fair imitation of both. 

ASEAN, which next week cele- 
brates its 30th anniversary, would nev- 
er have been created without Indonesia 
and without the policy that President 

Suharto initiated when he took power 
from President Sukarno in 1965. 

Mr. Sukarno believed in an Indonesia 
that bullied its neighbors, sparking con- 
stant dispute. Mr. Suharto preferred to 
do business with foem instead, while 
focusing on Indonesia’s internal de- 
velopment So he formed ASEAN, as 
an economic-trade association, com- 
prising Indonesia, Malaysia, Singapore, 

was formal !-• 

year when Vietnam, the most pow*^ latfiraffif It needs the goodwill and 

— t of its -W*' - & 

This year ASEAN is adding the re- 
maining loose pawns on the chessboard 
before they rail too heavily under 
China 's sway, namely Burma, Laosand 
Cambodia (if it gets its house in order). 

China’s Asia strategy is to deal with 
everyone bilaterally so that its weight 
can be used to maximum advantage. 

ocularly Indonesia, which controls the. 
straits through which a growing China 
will soon have to import tons tof ■ pH : 
from the Middle EasL _ . 

With ASEAN, Japan and me U.S., 
7th Fleet each balancing China is its 
own way, the world stands a jraich 
better chance of seeing an emerging 1 . 
China that settles regional -disputes - 

the Philippines, Thailand and Brunei, This is particularly mie when pressing Oina tea 

and he transformed Indonesia’s foreign claims to oil fields in the South China through dialogue, . 

and he transformed Indonesia's foreign claims to 
policy from bully to gentle giant. In- 
donesia today has a defense budget two- members. But 

thirds that of tiny Singapore. 

“Ever since ASEAN was formed 

claimed by ASEAN But there is no ASEAN without Im 
members. But by using solidarity as a 
substitute for military power, ASEAN 

donesia. The United Stales has some - 
real problems with Indonesia today on. 
labor and human rights. America cao-. : 

this region has entered into an unprece- 
dented period of stability and economic 
growth,' * Indonesia's foreign minister. 
Ali Alatas, said to me. "And I think it’s 
not too much to say that ASEAN was 
formed because of Indonesia — be- 
cause a new government came in which 
renounced the earlier policy of throw- 
ing our weight around.*’ 

ASEAN was also a de facto security 
alliance, designed to block communism 
from Hanot But in the last decade it 
quietly shifted from balancing North 

has forced China to deal with its mem - i*™. — .«, , „ 

here as a group. When the Philippines not ignore Indonesia sabu^.Bntthey 
found itself in a dispute with China over also cannot be foe only lens through - 
foe oil-rich Mischief Reef, ASEAN wfochtodoiteiajsjadgrf- - • - 

stood behind Manila and swayed China The best U.S policy here w*dd be • 

into a dialogue on foe issue. It helps, one that carefully targ 
too, that ASEAN nations are among the necessary sanctions Sp 
biggest investors in China. sian domestic abuses, while also sup. - 

“Although strategically ASEAN is porting Indonesian foreign potion that 
not a cohesive military entity, China have contributed so heavily 1 
cannot challenge any one of these in this region. Without an eff rive 
states without having a problem with Indonesia policy, foe^ Urmed State will 
ail of them,” said Juwono Sudarsooo. never have an effective C hin a policy. 
Indonesia's leading strategic analyst The New York Tunes. 

. .a** ‘^.i 

s * 

'D&j o 




Good Reasons for Washington to Start 

Mohammed Khalemi tak- 
ing office as Iran's new pres- 
ident on Aug. 2, it is tune for the 
United Stales to rethink its re- 
lationship with the largest coun- 
try in the Golf region. 

We have been steadily, at 
times violently, at odds with the 
Iranian regime since 1979. Our 
distaste for Tehran’s revolu- 
tionary clerics started with the 
embassy hostage crisis that 
same year. The Iran-contra 
episode in 1986 convinced most 
U.S. policymakers that dealing 
with Iran inevitably meant em- 
barrassment for America. 

We still have real problems 
with die regime over its support 
for international terrorism, its 
nuclear weapons ambitions and 
its opposition to foe Arab-Israeli 
peace jirocess. It is now clear, 
however, that we will make 
little progress on these issues 
unless we engage the Ir anian s in 
serious high-level negotiations 
without preconditions. 

I propose that in the coming 
months the United States offer 
the Iranians talks at the level of 
deputy secretary of state or un- 
dersecretary of state. Such talks 
would put our exchanges on a 
new footing, granting the Is- 
lamic regime a legitimacy that 
we have withheld until now. 

Our current policy of con- 
tainment boils down to shun- 
ning Iran as a “rogue regime." 
This is not viable for the long 
run, and it does not take into 
account the complex and often 
positive Iranian roles in Central 
Asia and the Middle East. 

In Tajikistan, for example, 
the Iranians helped mediate last 
month's peace agreement be- 
tween the belligerents in foe 
civil wan Iran is also a guar- 
antor of foe agreement 

In the case of the Gulf War, 
the Iranians opposed the Iraqi 
invasion of Kuwait and have 
supported UN Security Council 
sanctions imposed on Iraq. 

By Richard W. Murphy 

The election of a new pres- 
ident affords the opportunity to 
establish a productive dialogue. 

Washington was surprised 
when Mr. Khatemi won an 
overwhelming 69 percent of the 
popular vote on May 23. The 
regime’s preferred candidate, 
Ali Akbar Nateq-Nouri, the 
speaker of Parliament, was ex- 
pected to win. Mr. Khatemi ’s 
victory was a protest vote 
against the regime and a gen- 
eralized expression of hope for 
social and economic change 
(less ideology, more jobs) 
sought primarily by Iranian 
women and youth. 

U.S. economic sanctions 
have probably played some role 
in pressuring foe regime and at 
the same time impoverishing 
the population, but the major 
factors depressing the economy 
have been foe regime’s corrup- 
tion and mismanagement 

It is wrong to conclude that 
Mr. Khatemi won because of 
U.S. containment policy, and 

Khatemi’s recent 
statements have 
been strikingly 
toward the West 

that all we need do is keep the 
pressure on to “ help Khatemi ’ 
Through direct contact we will 
be better able to anticipate 
events while continuing to op- 
erate as foe dominant power in 
the world and in the Gulf. 

Improvement in relations be- 
tween the United States and 
Iran wifi be slow and difficult to 
achieve, but it could benefit 
both countries as well as foe 
Middle East as a whole. Until 
we probe, we cannot know what 

substance there is behind the 
indications that Mr. Khatemi's 
election could lead Iran to more 
normal dealings with us. 

It will not be easy to bring 
about change. Mr. Khatemi’s 
freedom to alter Iran’s approach 
may be limited. His domestic 
critics will say that we still seek 
the overthrow of the Islamic 
regime and intend to block its 
rightful role in Gulf security. 

Nonetheless, while it is early 
to talk of an Iranian warming 
toward us, Mr. Khatemi’s re- 
cent statements have been strik- 
ingly conciliatory toward the 
West. His cabinet choices will 
provide some concrete evi- 
dence of whether he has the 
necessary mandate from Iran’s 
supreme leader. Ayatollah Ali 
Khamenei, to make revisions in 
foreign and domestic policy. 

President Bill Clinton has ex- 
pressed hope for improved re- 
lations. But his flexibility is con- 
strained by legislation sanc- 
tioning Iran as a “state support- 
ing terrorism." He must also 
heed Israel's concerns and those 
of some of our Arab allies. 

Another stumbling block is 
the ongoing investigation into 
allegations that (ran was in- 
volved in last year’s Khobar 
bombing in Saudi Arabia, 
which killed 19 American ser- 
vicemen. That investigation 
may end with no clear conclu- 
sion as to responsibility. If the 
evidence proves official Iranian 
authorship, our relations will 
return to the freezing poinL 

Mr. Clinton’s statement after 
the election was the most gra- 
cious about Iran in many years. 
Describing foe vote as a reaf- 
firmation of foe democratic pro- 
cess there, he said he had "nev- 
er been pleased about foe 
estrangement between the 
people of the United States and 
the people of Iran ... who are a 
very great people." 

However, he also cited con- 
cerns about support for terror- 
ism, violent subversion of foe 
Middle East peace process and 
acquiring nuclear weapons. 

Eventually, all U.S.-lranian 
differences must be discussed. 
A promising place to begin 
might be a quiet exploration of 
our allegations about Iran’s nu- 
clear weapons ambitions. 

Late last month, General Bin- 
ford Peay, who heads the U.S. 
Central Command, which has 
responsibility for American 
forces in the Gulf, estimated that 
Iran could have nuclear arms by 
the end of the century. This es- 
timate may not represent a full 

There can be no 
effective arms 
control in the 
region unless Iran 

consensus among administra- 
tion experts, but. it is one-mea- 
sure of the urgency felt in Wash- 
ington about this problem. 

Iran is a signatory to the nu- 
clear nonproliferation treaty 
and has made positive state- 
ments about its readiness for 
international inspections. Ne- 
gotiators can build on this. 

Arms control is another rea- 
son to lake advantage of a po- 
tential opening for dialogue. 
The Arab-Israeli peace process 
set up by foe 1991 Madrid con- 
ference provided for multilat- 
eral talks on arms control. These 
talks excluded Iraq and Iran. 
The negotiations have been 
stalled for the past two and a half • 
years because of foe Egyptian 
demand that Israel agree to dis- 

mulation in foe late 1980s. The* 
United States was ready, we 
said to have a dialogue about; 
our differences with an “an-* 
tborized Iranian representa-l 
five." This was designed topre-j 
vent foe kind of unauthorized 
back alley negotiations that! ' 
backfired so disastrously in the 1 

Iran-contra scandal. . < 

After more than a decade of 
repetition, coupled with our 
harsh public rhetoric about Ira- 
nian actions and intentions, this 
invitation is unpersuasive. High- 
officials in Tehran likely as-^ 
sume foal all we have in mind i? 
a meeting where we would 
present our charges and tell 
them to return when they have 
corrected their behavior. 

For different reasons, Israel 
and some of our major Gulf, 
Arab allies have been comforts 
able with our policy toward Iran' 
to date. Some of them will be 
uneasy if we tty to warm up foe 
I j -S -I ranian relationship. 

The Israelis wony about- 
Iran’s nuclear ambitions and 
long-range ballistic missile pro-' 
gram. They also accuse Iran of- 
sponsoring violent opposition to, 
the Arab-Israeli peace process. 
We share these concerns, both 
of which can best be dealt with. 

in foe context ofopen dialogue.- 

.Our Arabian Peninsui 
worry foot Iran’s power relative’ 
to Iraq has grown since foe Gulf 
War. A majority of Gulf Arab' 
leaders agree that the Islamic 
Republic has been more aggros- 1 
sive toward them than the shah 
was. "Smile and subvert*' is 
how one Arab foreign minister . 

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cuss its own nuclear program. 
Whenever these talks restart. 

it must be recognized that there 
can be no effective arms control 
regime in the region unless Iran 

What Would Guevara Say Today? 

j^EW YORK — Thirty 

years after his assassina- 
tion in the Bolivian moun- 
tains, Ernesto Guevara has 
captured the public fancy in 
ways he never intended. At 
least three biographies and 
several movies about Che will 
come out this year. 

The silk-screen Che icon 
with beard and beret now 
hawks compact discs, beer, 
Swatch watches, skis, design- 
er dresses and a host of other 
products not traditionally as- 
sociated with international 

Scientists have now found 
his body, one of seven skel- 
etons in a pit in Bolivia, and 
brought it to Cuba. 

What would a Che alive 
today make of all this? He 
might not approve of foe com- 
mercialization of his name 
and image, but if the ideo- 
logical migrations of his com- 
rades are any indication, he 
would be firmly in the capi- 
talist camp. 

Unlikebis body, his politics 
remain entombed. Armed, 
leftist revolution is found only 
in Cuba and in a few violent 
but tiny bands in Colombia, 
Peru and now Mexico. 

In Europe and the United 
States, Che’s image owes its 
commercial appeal to the ab- 
sence of political content. 
Yuppies who would never 
have worn a Che T-shirt when 
it could have been taken se- 
riously now find Commie- 
kitscb hip and ironic. 

In Latin America, many 
still admire .what they see as 
Che’s idealism. While he was 
capable of great brutality, to 
them he was also uncorrupted 

By Tina Rosenberg 

by power, happier suffering in 
his disastrous attempts to fo- 
ment revolution in foe jungles 
of the Congo or Bolivia than 
as a bureaucrat in Havana. 

But his politics ore long 
gone. Tile old revolutionaries 
arc now closer to European- 
style capitalism than anything 
Che ever preached. 

Chileans reacted with 
amusement a few years ago 
when Carlos Ominami. eco- 
nomy minister of the demo- 
cratic government that came to 
power in 1990, proudly an- 
nounced a record year of for- 
eign investment. Foreign cap- 
ital was Mr. Ominami ’s enemy 
when be was a guerrilla of foe 
Leftist Revolutionary Move- 
ment two decades earlier. 
Chile’s revolutionaries are 
now largely social democrats, 
as are the vast majority of Latin 
America's former guerrillas. 

In Colombia, Venezuela, 
Guatemala and El Salvador, 
guerrillas have come down 
from the mountains to found 
reformist political parties, 
some of which are now in- 
distinguishable from foe com- 
petition. The Sandinistas in 
Nicaragua ran in last year’s 
elections on a free market 

In Argentina and Uruguay, 
survivors of guerrilla groups 
decimated by death squads 
now support social democrat- 
ic political movements. All 
these groups advocate a ver- 
sion of what Jorge Castaneda, 
a Mexican political scientist, 
coils “Rhineland capitalism" 
— the welfare state, strong 

unions and high tax burden of 
Germany today. 

The guerrillas have been 
transformed by lime. Middle- 
class kids are revolutionaries 
at 20. Middle-class men of 50 
are anything but. 

There is no new generation 
to succeed them because Latin 
America, too, has changed. 
The military dictatorships that 
most of the guerrillas battled 
gave way to nominal demo- 
cracy in foe 1980.S. 

Even before the Soviet Un- 
ion collapsed, depriving the 
left of weapons, cash and ideo- 
logical backing, revolution had 
proved unsustainable except 
through the intense repression 
in Cuba, a model that gave 
many leftists pause. Since the 
1960s, left and right in Latin 
America have converged on 
foe goal of what revolution- 
aries once scornfully derided 
as bourgeois democracy. 

Thai goal is not yet within 
sight- While the led 's solutions 
to Latin American poverty and 
injustice have changed, by 
many measures foe problems 
are worse today than when Che 
died. The poor form a smaller 
percentage of llie population of 
Latin America than they did. 
but there are 50 million more 
living in poverty now than in 
1965. The Mexican minimum 
wage, earned by 17 million 
people, buys a quarter of what 
it bought 20 years ago. 

All that West Europeans 
enjoy — like a living wage, 
foe rule of law. access to 
justice, schools and hospitals 
— seems as fantastical to most 
Latins as any revolution Che 
Guevara ever dreamed up. 

Thr Veil Y.vb Times 

and, eventually. Iraq participate. 

d diplomatic 

Any sustained diplomatic en- 
gagement with Iran would face 
congressional opposition. For 
more than a decade, not a single 
U.S. representative or senator 
has visited Tehran. The swift 
passage of (he Iran and Libya 
Sanctions Act of 1996, mean- 
while. owed much to foe still 
unexplained explosion of TWA 
Flight 8 (XI a few weeks earlier. 

Americans who favor main- 
taining foe U.S.-lranian status 
quo assert that no new engage- 
ment is necessary. They say Iran 
has known for at least a decade 
whal it must do to improve re- 
lations with the United States, 
and foal appropriate diplomatic 
channels remain open for Ira- 
nian use. This is only half true. 

! helped prepare the State De- 
partment's post-Irangate for- 

_ LSU3- y. 

described to me Iran’s policy* 
toward his country. 

Yet several Gulf Arab lead-, 
era have told me privately that 
they concur with foe propos-, 
ition that improved U.S.-Irani- 
an relations would be in their, 
countries' interest 
Although they welcome our 
support and although Desert 
Storm reinforced America’s- 
credibility as their guarantor 
against external aggression* 
they do not know how long we 
will stay around, and they are 
condemned to live with Iran as-, 
their neighbor. 

Iranian leaders see their 
country as the major Gulf- 
power. Their ambitions for Gulf, 
leadership match foe shah's. 
They resent our hegemony in 
region. They want os to 1 ; 


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withdraw our forces but know' 
that it is not going to happen. • 

The writer, a senior fellow at 
the Council on Foreign Rela > 
lions, was U£. assistant sec z - 
rerary of state for Near Eastern ■ 
and South Asian affairs from- 
1983 to 1989, and earlier 
served as ambassador to Syria 
and Saudi Arabia. He contrib •' 
uted this comment to The Wash: 
ingion Post. 


1597: Tate Gallery 

LONDON — The National Gal- 
lery of British Art at Millbonk. 
which will be popularly known 
as the Tate Gallery, was opened 
by foe Prince of Wales with a 
ceremony as pleasant as could 
possibly be arranged. A gold 
key. bearing the Prince of 
Wales’s feathers, was presented 
to foe Prince by Mr. Tate, and he 

severest imaginable nerve strain-' 
if many of them have themselves 1 
been afflicted with nervous trou^, A 
Wes and with mental irritability^ 
since the Great War, why should 
not the children, whose existence! 
was begun at that time, be sinfl-' 
ilariy affected? 

1947: Dutch ‘Wax’ 

at once placed this in the lock of 
handsome teak doors which 


opened. The Prince expressed to 
Mr. Tate foe obligations of the 
nation to him for his magnificent 
gift and finally declared the gal- 
lery open io the public for ever. 

1922: fc War Babies’ 

PARIS — fi has been found in 
England that ‘ ’war babies.” chil- 
dren bom during foe great world 
upheaval, possess peculiar tem- 
peraments. This is easy to un- 
derstand. Prospective fathers and 
mothers were subjected to the 

BATAVIA — Dutch 
planes and ships struck 
against Indonesian Republican 
strongholds in what the Nefo* 
wlands authorities termed “po- 
lice action" to restore quiet to 
foe politically-torn East Indies. 

The Republic's Premier, Aniir 
Sjanfoedin, accused the Dutch 
of waging “a colonial war." , 
The Republican Deputy Premi*- J 
er. speaking in foe house id 
which the Indonesian Republic 
was proclaimed on August 7. 
*944, pleaded that the consuls 
of Britain and foe United States 
heed the Indonesian protest 
against actions of foe Dutch. 


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Republican Revolution 
Turns Against Gingrich 


By E. J. Dionne Jr. 

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Gingrich's Republicans 
took over the House of Repre- 
sentatives in 1994 not because 
Americans shifted their views 
sharply to the right, but because 
Democrats had controlled the 
place 40 years and looked in- 
effectual, divided, in some in- 
stances corrupt and incapable of 
coherent action. 

Now along come the Repub- 
licans with their Thursday Morn- 
ing Massacre, apolitical spectacle 
that even Democrats, notorious 
for stab-in-tbe-back divisiveness, 
never managed in ali their years in 
power. The Republicans are into 
stab-in -the-front politics, com- 
plete with a secret but well-leaked 
botched coup attempt against Mr. 
Gingrich that inveigled the rest of 
foeparty leadership. 

The sound bites from the lead- 
ers who were, in one way or 
another, complicit in the effort to 
bring down Mr. Gingrich needed 
■ translation from political English 
into plain English. When they 
said, “We fully support Gingrich 
and had nothing to do with this," 
what they meant was, “We tried 
to bring him down, didn't have 
. the votes and so we’re ducking 
for cover." Said one pro-Gin- 
.gricb House Republican of the 
.secretly anti-Gingrich leaders: 

' 'They were all in it for anywhere 
from 15 hours to 50 hours." 

Only Representative Bill Pax- 
on. Republican of New York, 
r took responsibility. He had to. 
Once one of Mr. Gingrich's 

closest allies — he had been ap- 
pointed chairman of the House 
leadership by Mr. Gingrich him- 
self — Mr. Paxon emerged as the 
choice of the dissident Repub- 
licans as the speaker who would 
replace Mr. Gingrich. If you want 
to know bow Mr. Gingrich feels, 
think of one of your best friends, 
whom you helped promote, try- 
ing to take away your job. 

By most accounts except for 
his own, the House majority 
leader, Dick Armey, lost interest , 
' in the anti-Gingrich plot only 
when it became dear that Mr. 
Paxon, not Mr. Armey, was the 
choice of the rebels to become 
speaker. “Armey was interested 
if he could be the speaker," said 
a Republican House member. 
“Then he bailed ouL" 

The House whip, Tom DeLay, 
is described by the rebels as hav- 
ing given them much encourage- 
ment He denies this. 

The pro-Gingrich Republican 
said that if Mr. Armey and Mr. 
DeLay, both of Texas, had been 
attending these meetings as Mr. 
Gingrich's “eye and ears" and 
not as potential plotters, they 
would have told him in advance. 

They did no snch thing. They 
were keeping their options open. 
Now both Mr. .Gingrich and the 
rebels feel betrayed by them. 

House Republican rank and 
filers who were neither leaders 
nor plotters were aghast at the 
mess going on around them. “I 
guess Republicans can’t stand 
success," said another House 

member, a moderate who sup- 
ports Mr. Gingrich for now. 

This intrigue might have as 
much interest to Americans in 
Peoria, Portland or Phoenix as a 
coup in Paraguay except for one 
thing. The troubles in the un- 
happy House Republican family 
bespeak divisions and uncertain- 
ties over just what they should do 
with the power they won less than 
three years ago. That will affect 
how the country is governed. 

There is a rational reason to 
depose Mr. Gingrich, and an 
ideological reason. The rational 
reason is that Mr. Gingrich, ac- 
cording to the polls, is both an 
unpopular Republican leader and 
the best known — not a good 

But many of the plotters are 
anti-Gingrich for a different rea- 

son. They see him as dangerously 
“moderate," too ready to ac- 
commodate President Bill Clin- 
ton. They want the Gingrich of 
the old days, “the revolution- 
ary." These Republicans don't 
like minimum- wage increases or 
children's health care spending, 
and think Mr. Gingrich did not 
wring enough tax cuts out of the 

The truth is this: Compared 
with many in his caucus, Mr. Gin- 
grich is a moderate. He learned 
some lessons from the Repub- 
licans’ near-defeat in 1996. He 
respects Mr. Clinton’s political 
skills. His 1995 strategy failed As 
a result his base in the House has 
shifted from young right-wingers 
to older moderates and pragmatic 
conservatives. “Imagine that,'* 
one House moderate said as he 


-- Palestinian Poverty 

Regarding “ A Recipe for Pal- 
estinian Poverty: Following the 
Arab Example " (Opinion, June 
-. 14) by Richard Cohen: 

I found it interesting that Mr. 
. T Cohen made no mention of Is- 
tael's frequent closure of the ter- 
r i- atones, which has resulted in co- 
-- 1 os sal losses for the Palestinian 
economy. Whether one agrees or 
. disagrees with the rationale be- 
r . hind such closures, there can be no 
. doubt that the Palestinians' eco- 
r h nomic dependence on Israel 

leaves the West Bank and Gaza 
very vulnerable and that die clo- 
sures are a major reason why Pal- 
estinians are so pom*. 

Mr. Cohen asks whether Pal- 
estine will be more like the Jew- 
ish state or the Arab countries. 
But Israel would not be the eco- 
nomic and military power it is 
today were it not for U.S. aid 
Being rich, then, is less a ques- 
tion of following the Israeli 
example than of winning Amer- 
ica’s favor. 


Bir Zeit, West Bank- 

Nature in Russia 

Regarding “Yeltsin Tames the 
Forces of Nature" ( July 15): 

The article stated that Prime 
Minis ter Viktor Chernomyrdin of 
Russia, during a bunting exped- 
ition this past winter, flushed out a 
mother bear and her two cubs and 
shot one of the cubs. Such brutal 
killing of animals is most shock- 
ing when committed by any per- 
son but is even more so when the 
hunter is die prime minister and a 
role model for his country. 

During the past 70 years or so. 

chatted with like-minded col- 
leagues -off the Hoase floor. 
“We're going to be the ones who 
save Gingrich." 

The pragmatic conservatives 
— who increasingly call them- 
selves “rank and filers" — are 
now the key to Mr. Gingrich’s 
future, and to where the party 
goes. The problem faced by mod- 
erates and pragmatists is not only 
that Mr. Gingrich is a badly 
weakened leader. 

It’s also that a large House 
contingent believes that the pure 
doctrine of 1995. which almost 
got the Republicans defeated is 
die wave of the future. 

Mr. Gingrich, who rode the 
tiger of “revolution," must now 
tame it before it consumes his 
speakership and his party. 

Washington Post Writers Group. 

the Russians have extensively 
damaged their natural environ- 
ment. Hie forests of Siberia have 
been cruelly raped for economic 
gain and devastated by chemical 
pollution and denudation. 

The bear-hunting incident 
testifies that the Russian leader- 
ship continues to be insensitive 
toward environmental conser- 
vation and the protection of 

New Delhi. 

The writer is executive director 

A Black Week in Spain, 
A Festival of Mystery 

By Brad Spurgeon 

of the People's Commission on 
Environment and Development in 

Who Says? 

William S afire quotes Profes- 
sor Martha Kolln as saying: “You 
would never say, ‘The Pirates is in 
town’” ("How Singular Are 
Sports Teams?" Language, July 
14). Obviously the good professor 
has never been to Brooklyn. 


Hong Kong. 

G UON, Spain — Beforehand, 
it seemed no matter whom I 
told that 1 was going to Paco's 
party, the person had the same 
response. An American writer in 
Engl and, a French book editor and 
another American writer, this one 
in France, all said, "Say hello to 
Paco for me." 

Paco Ignacio Taibo 2d was 
bom 48 years ago in the seaside 


resort city of Gijon, in northern 
Spain. As a boy he moved to Mex- 
ico, where be still lives and where 
his internationally acclaimed 
mystery novels are set. For 10 
years, Paco has invited many of 
the world ’s top mystery writers to 
his hometown for a week in July 
to celebrate the crime novel. Each 
year an estimated one million vis- 
itors attend the event, called Se- 
mana Negra, or Black Week. 

They come not only to celebrate 
the novela negra but also for the 
festival’s fairgrounds. Paco, with 
the help of the local leftist mayor, 
created the festival to offer people a 
chance to amuse themselves and, 
perhaps, to pick up a bode and 
read. “If you don’t read," said 
Paco, “you’re blind.” 

As an invited writer, I arrived in 
Gijon after a circuslike seven- 
hour ride from Madrid aboard a 
privately hired train, along with 
100 other official guests. We were 
greeted at die station by a crowd of 
curious locals, some disgruntled 
factory workers and a brass band. 

The protesting workers were 
welcomed by Paco and most of 
the other writers. Many European 
and Latin American crime writers 
use their genre — mostly con- 
sidered just entertainment in the 
United States — as a political 
platform. Their views are usually 
left-wing. Talk on the train had 
been about how Paco, a teetotaler, 
would drink 10 bottles of the re- 
gion's alcoholic apple cider if the 
leftist party won the Mexico City 
elections that weekend. 

When we arrived at the fair- 
grounds, a black ribbon was cut 
by Paco, barely visible in the 
crowd He is pudgy, with thick 
glasses and a mustache, but his 
explosive personality is visible 

Jugglers, clowns, mimes, mu- 
sicians and other street performers 
crowded the fairgrounds, along 

with go-karts and statues of Bat- 
man, Sherlock Holmes and 
Humphrey Bogan. Tents filled 
with bodes for sale lined one side, 
of the alleys, bandstands and pub- 
lic address systems the other. 
Above everything was a gigantic 
Ferris wheel and a fountain pen 
two stories high. 

Authors* signings and 
roundtable discussions were fol- 
lowed by midnight meals, which 
were followed by partying. No 
sooner had the Mexican leftist 
party woo the election and Paco 

bad begun a nightlong series of 
cider toasts — perhaps not 10 
bottles worth — than celebrations 
began over the discovery of Che 
Guevara’s body in Bolivia. 

It all mad e sense, tiiis chaos, 
because Paco's message is that 
reading should be as much fun as 
going to the carnival “Reading 
should not be an obligation,” he 
said. “It should not be imposed. 
The government should ban 
books; that will make more people 
want to read them." 

Toward the end of the week, 
this celebration of the dark side of 
humanity became even more sur- 
real. But it was not a work of the 
imagination that occupied every- 
one’s mind. When Basque sep- 
aratists kidnapped a 29-year-old 
Spanish politician and put a dead- 
line on his life, the entire country 
was horrified and helpless. 

On the last Saturday, as I was 
talking to Paco, his wife, Paloma, 
interrupted, speaking in Spanish. 
“They shot the guy," be told 

He then worked his way 
through the crowds to the Semana 
Negra radio station tent, where he 
made a speech denouncing the act 
of terrorism. A little later, the 
thousands of visitors, the carnival 
rides, the music, the entire black 
week fairgrounds came to a halt 
for a minute of silence for Miguel 
Angel Blanco Garrido, the victim, 
who died on Sunday, July 13. 

Paco's party ended on a day 
when Spain’s television screens 
were filled with images of protests 
across the country denouncing vi- 
olence. But a work of fiction, a 
work of the imagination, be it 
about crime, terrorism or daily 
family life, is a statement of op- 
timism. Everyone says hello to 
Paco because his party, too, is a 
statement of optimism. 

International Herald Tribune. 


;tv :•/. :: . 

A ■ \ 

■'•C " .i .. . 

Ci “V. - 


A History of the 
: Japanese Military 

•: -C By Robert B . Edgerion. Illustrated. 384 

- -••• pages. $29.95. W.W. Norton. 

Reviewed by Richard Bernstein 
: • ^T 1 HE history of Japan in the 20th cen- 
X tnry is like the Faust legend played 
V.: - out on the stage of global politics. Japan 
: mot alone in this) sold its birthright for 
the sake ofnational glory. In his rradably 
panoramic history of the Japanese mil- 

- : ‘ itaiy, Robert B. Edgerton does not write 

of the Faustian myth, but his thoughtful 
- * well-researched book is nonetheless an 
r' account of a nation's tragic effort to 
- achieve a grandiose purpose through 

force of arms, committing some of die 
most notorious acts of savagery of the 
sad 20th century and thereby losing die 
moral character it had before it was 
seized by its megalomaxuacal dream. 

The surprise, in Edgerton ’s view, is 
that early in the 20th century — indeed, 
right up to World War II — die Japanese 
behaved with remarkable chivalry in 
warfare. Almost alone among the armed 
foreign contingents that helped sup- 
press the Boxer Rebellion in Qiina, for 
example, the Japanese treated their 
Chinese adversaries with respect Un- 
derlying Edgerton’ s purpose in '‘War- 
riors of the Rising Sun" is an effort to 
account for the transformation in Jap- 
anese behavior, from obedience to a 
strict code of decency and honor to a cult 
of barbarism and savagery. 

That inquiry is also what gives Edger- 


By Robert Byrne 

T AL SHARED, a bright 19-year-old 
candidate grandmaster from Tuc- 
son. Arizona, won the 1997 United 
States Junior Championship, held June 
21 to 29 at Illinois Wesleyan University 
in Bloomington, Illinois. 

The characteristic pawn formation of 
the Benoni Defease can be seen after 
6...Bg7. It defines the basic strategy: 
White will use his kings ide pawn ma- 
jority to play for attack with a timely e5; 
Black will flood the queenside with 
..:b5, ...c4 and ...b4. In the course of the 
play, however, either or both sides may 
choose to muffle the opponent’s 
chances rather than to attack. 

White's most aggressive implemen- 
tation of. this plan is 7 e4; the coun- 
termeasure that Black uses in this game 
is 9...Bg4 to weaken White’s control of 
e5 by 12..JB& .13. Qf3. Likewise, when 
Black prepares l;.b5 by 7...a6, White 
clamps down with S e4. 

' Maybe Shlipennan should have pa- 

j ^ tiently played 15...b6 and only later 
v advanced his b pawn, intamiri, his 
rvr. t "V .-iji ^ $..jRab8 let Shaked create split black 
; : .-v •• - queenside pawns after 16 ay Rfe8 17 

. ■. Ra4 b5 18 ab Rb6. 

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Final Position 

On 19 Ndl, Shliperman might have 
tried 19...Qc8, but after 20 Be3 Rb8 21 
Bb4, the White pieces would dominate 
the board. His alternative, 19 ..jRc 8, 
however, gave up a pawn to 20 Be3 Rb5 
21 Rati. 

After 27~.Qa8, it was clear that 
Shliperman was challenging his oppo- 
nent to find a way to exploit his extra 
pawn. Shaked responded by initiating 
an operation on the f line with 28 f5! 

Shaked’ s 31 Qh4 forced Shlipennan 
to block his bishop with 31..J6. The 
remaining problem for White was to get 
effective use ont of the lung bishop. 

After 40 Bcti, Shlipennan could not 
well play 40..-Rf8 because 41 Ral 
would strongly threaten 42 Bd4 and 43 
Ra7. Also, 40._Ra6 41 Be5 Qe5 42 Qg6 
Qb2 43 Bd7! yields Shaked a decisive 
mating attack. Bnt 40„.Nc6 41 dc pro- 
duced a powerful passed pawn for 
Shaked, and after 41..JCf7 42 e5!, he 
brake open the black defenses. 

After ^ 48..3h6, the quickest way to win 
would have been 49 Rel Qd7 50 Bd6, 
threatening 51 Re7 or 51 Qd5. Bat alter 
Shaked’s 49 Bdti, Shlipennan ’s situation 
remained untenable, and he gave up. 










1 d4 


25 Bc3 


2 c4 


36 Bc2 




27 NC 


i cd 


28 fS 


5 Nc3 


29 Ng4 


. 6 e4 


30 Qg4 


7 f4 


31 Qb4 


8 a4 


32 tg 


9 M3 


33 Qg3 

34 Qb4 


10 M3 



11 0-0 


35 Qe3 


12 b3 


3$ BqI 


13 Qf3 

14 Khl 



37 QM 

38 Qg3 



15 Bc2 


39 Ba4 


16 a5 


40 Bc6 


17 Ra4 


41 dc 


10 ab 


42 e5 


IS Ndl 


43 Be5 


20 Be3 


44 c7 


21 Ra6 


45 Qc3 


22 Ba4 


46 Bg3 


23 Bd2 


47 Qb4 


24 Bb4 


48 Qb7 


49 Bdfi 


ton’s bode a purpose beyond the mere 
recapitulation of a story that has been 
told very well before. Edgerton, a so- 
ciologist and anthropologist who teaches 
at the medical school of foe University of 
California at Los Angeles, uses second- 
ary sources almost entirely for his ac- 
count of foe rise and fall of Japanese 
militarism. He casts a wide net as he 
reviews foe chief stages in Japan’s his- 
tory, notably its late entry into foe late- 
19th- and early-20fo-centuiy Easr Asian 
imperialist adventure. Japan grabbed 
Taiwan and the nearby Pescadores Is- 
lands from China in 1895, fought one of 
tire largest conflicts in history against foe 
Russians in 1 905, annexed Korea in 1 9 1 0 
and seized control of German territories 
on the China coast in World War I. 

By World War II Japan’s chivalrous 
way of treating adversaries had 
changed. The Japanese martial code, 
known as Bushido, disappeared, to be 
replaced by a new code of unrelenting 
hatred of foe enemy. Edgerton cata- 
logues foe incredible atrocities com- , 
raitted by the Japanese against the 
people it subjugated and against the 1 
soldiers they fought The infemous six- i 
week “rape of Nanking 1 * was, Edgerton 
concludes, '‘conducted under foe orders { 
and direct supervision of officers." The 
question is: why foe change from one 
mode of behavior to another? 

Paradoxically, as Edgerton offers 
some answers to that question, he loses 
some of the sharpness of its focus. He 
offers some interesting conjecture es- 
pecially about foe disappearance of the 
Bushido code, foe “way of foe warrior," 
that bad endured through the centuries of 
feudal rule in Japan, foe domination of 
samurai and their lords. 

“During the early years of foe 20th 
century, Japanese officers, soldiers and 
sailors consciously referred to this code 
to guide their behavior in warfare," 
Edgerton writes. But, he continues: “By 
foe i930s, all of that had changed Tbe 
mili tary reforms of that time not only 
stressed brutal discipline in Japan's 
armed forces; it increasingly empha- 
sized hatred of the enemy." 

That explanation is fine as far as it 
goes, but Edgerton muddles his own 
argument by lumping Japan together 
with every other country, saying that all 
of them have committed atrocities at 
one time or another. 

The problem is not that Edgerton is 
wrong, bat that his argument is too curs- 
ory and unsubstantiated to provide a 
persuasive resolution. Still, he has 
provided a service by laying out in such 
a colorful, panoramic way foe tragic 
history of foe Japanese warrior cult. 

Richard Bernstein is on the staff of 
The New York Times. 

yESJ English 

to yoor door 
BULB In 7-12 
SWWIWte* eft** ftw calatog 
Tel: +33 (Oil 39 07 01 01 
Fax +33 (0)1 39 07 00 77 

World Water: 
Financing for 
the Future 

Istanbul, September 30 £t October 1, 1997 

The International Herald Tribune is convening a major event, “Worid 
Water: Financing for the Future”, as part of its renowned summit 
program, designed to bring together the most senior levels of 
government and business for high level debate and discussion. 

An' exceptional speeaisers^wjfl include: 

® Pnitee H^ssan rf • . 


JUSricfc: Bangladesh 

r v '"Prime Mnlster Sharif of Pakistan 

!••:. BanR.' 

• ,,A ' 

They will be joined by heads of project finance, senior executives 
from water companies, institutional investors, investment bankers and 
representatives from international agencies. 

For further details please contact: 

Ursula Lewis, International Herald Tribune Conference Office 
63 Long Acre, London WC2E 9JH 

Tel: (44 171) 836 4802 Fax: (44 171) 836 0717 E-mail: 

THE WORLD’S OAPy newspapeb 

international herald tribune, 
TUESDAY, JULY 22, 1997 
PAGE 10 

2 - bTc^i^ 

I ass£^ 

Ana -Deontal Suo’ynams nd Hotan 

Berber woman from the High Atlas with facial tattoos: Canibo girl from Peru's eastern rain forest with a labyrinth of lines and nose ornament: East African Karo herdsmen painted in a pattern simulating the plumage of , 
guinea fowl: Japanese geisha with stylized white face: henna-decorated feet of a woman from India ; a kumari, or living goddess, from Nepal: Wodabe man from the Niger area making himself ap for a bridegrooms parade. 

FbslR“^ : 

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■ ' + 

When Beauty Is More Than Skin Deep: The Body as Canvas MFt 

By Suzy Menkes 

InurnationaJ Herald Tribune 

P ARIS — And what if . . . you left 
for vacation with notastngle bag, 
not a stitch of clothing — just a 
set of body paints to turn yourself 
into a perambulating work of art? 

Imagine that your beach sandals were 
transformed into leafy foliage traced in 
henna red across your toes; that your 
mahogany brown sun-tanned back had 
the bumps and textnresof tree bark; that 
the flaming red forehead and nose 
where you nad caught the sun beained 
out a significant meaning that yon were 
a brave warrior and chieftain. 

This is not a hallucinogenic dream. 
Using the body as a canvas for the 
imagination has a noble history, and one 
that goes back to the dawn of mankind. 
From a primitive creative impulse to 
decorate the skin grew complex signs 
and signals of cultural identity. As much 
as clothing, body art is a reflection of a 
human instinct; to identify who we are 
by how we look. 

That is why “Decorated Skin, A 
World Survey of Body Art,” by the 
German author Karl Greening (Thames 
and Hudson), could be described as an 
astounding and fascinating fashion tome 
deserving an important place in a library 
of couture manuals. It is also a deeply 
.researched anthropological study and 
vivid visual record of a tradition drat 
seems unlikely to survive the coramu- 
nicadons revolution in the 21st century. 

The book opens with a photograph 
taken in 1975 of a Nuba tribesman from 
southern Sudan with traditional body 
decoration — and two years later in 
baseball cap, sweatshirt and shorts. That 
juxtaposition makes the 378 sumptuous 
color photographs that follow seem like 
a valedictory celebration of a vanishing 

How strangely different — and yet 
how similar — these decorations are! To 
all cultures, color is supremely signif- 
icant, even if white signifies peace and 
ha p pin e ss f O Che ro fr y**- Indian^ fmt was a 
symbol of mourning and death for clay- 
encrusted rituals in Papua New Guinea. 

Red has been universally used as a 
symbol of the warrior male, from the 
paint used by the “Redskin s,” or North 
American Indians, through the painted 
mask representing the god of war in the 
Peking Opera, ^those , ancient Jystory 
goes back to ritual exorcising of demons 
in 3000 B.C. 

All the colors were based on natural 
materials: the white lime used by the 
Masai or the gooey black paste of char- 
coal and tree sap finger-painted by 
South American women. 

Aesthetically, the results are often 
beautiful, sometimes frightening (as 
they were meant to be when body paint- 
ing was designed to ward off demons or 
more tangible enemies). 

Groning ’s extensive picture research 
means that we see people in ft dr en- 
vironment and also through the eyes of 
Westerners. The European painters who 
recorded the “Wild West’ in fee early 
19th century convey in exquisite detail 
fee American Indian decoration from 
plumed headdresses through facial and 
body markings. 

“Those warriors in their finery take 
longer over their toilet than fee most 
elegant Parisian lady.’ ’ said Prinz Max- 
imilian, traveling with the Swiss painter 
Karl Bodmer in 1832. 

The difference between painted and 
powdered European ladies and fee fant- 
astic decorations of fee prairie Indians 
was that the latter were entirely symbolic, 
whether tribal, ceremonial or recording 
rites of personal and clan passage. 

Those characteristic meanings are 
also homogeneous across fee centuries 

and cultures. There are, for example, fee 
initiation ceremonies feat accept chil- 
dren as sexual beings, and therefore part 
of fee adult world. On a pubescent Af- 
rican girl, white skeletal markings de- 
pict both purity and a link to dead an- 
cestors; in South America, her face- 
painting marks a stage of puberty that 
ends wife her first menstruation; fee 
extraordinary tattoos in Polynesia (the 
word derives from the Tahitian root 
tatau, to “inflict wounds") are done in 
stages from fee time when a child be-, 
comes sexually mature. 

M utilation of fee body 

through deliberate scarring 
is fee most difficult kind of 
body art for Western minds 
to understand. Yet there is something 
grotesquely beautiful about the back of 
a Sudanese woman turned into what 
seems like a wood sculpture. To her, and 
to many African societies, this “scar- 
ification*' symbolizes fertility, and the 
marks even have erotic and sensual con- 


Rituals of womanhood took another 
bizarre form in Japan, where fee women 
of Hokkaido tattooed patterns on their 
lips, wife fee final markings completed 
by fee bridegroom on marriage. 

What remains of all these body dec- 
orations? “Decorative Skin” concludes 
wife some interesting studies where fee 
skin is used by modern Western artists 
as an ultimate canvas, and it discusses 
the nihilistic tribal markings of Punk 
and the male vogue for tattoos. 

Some parallels can be drawn between 
body art and the camouflage and dis- 
guise of modem makeup. But after see- 
ing in such graphic detail and glorious 
color fee way feat the body has been 
decorated in other cultures, it is hard to 
view fee transitory vanity of lipstick and 
eye shadow as more than skin deep. 



staurant Otufien 

85, Avenue desTemes 
75017 Paris 

TeL: 33 (0)1 45 74 40 21 

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Id! mm ■ 
n in 

am a 

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klnfflHUoiu; Mo 

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Stenciled necklace from Comme des Garcons ; 
Kenzo's tribal markings, on forehead and throat: 
Galliano's tattoo patterns on sheer stretch sleeves. 

* 4 i w y ^ 

Tribal Art Lite, 
The Designer Way 

□nao soona aranal 
□ona snnaa amnai 
amaa noaaa aaoa 
laannBHaaa naagia 
ssq naasaao 
lEnnon Hannan 
laQaaaQ qqgj aaaal 
□□□a mnciaa anaa 
[□Eaa □□□ aEDaaBa 
, tsasaao □□□□□! 
anmnnag naa 
□□□□□ □□□□□□□aal 
□□□a □□□□□ aaaa 
BQaa oaana naan 

□E3L3S Q3E3 

Intenuiiortui Herald rnbunc 

P AR!S — For avant-garde designers, body an is the 
height ol fashion — on fee mnway. Whether it is a 
search for the authentic and ethnic in aglobal world, 
or last a wav of adding •inirf fn rnntAmrwwAm 

■ . — Witu wiiiiuw ill a^iuuaj 

. or jn-st a way of adding spice to content' 
clothing, dworaung fee skin, or using tattoo and 
patterns on fabric, is currently in style. 

First to hit the catwalk w.i*. »•*; ‘ 

patterns on tame, is currently in style, 
first to hit the catwalk was Rei Kawakubo of Comme des 
G ? rc **VV whose spring 1992 collection, entitled “Unfin- 
ished. had tribal necklaces stenciled on skin to accompany 
clothing wrapped round the body rather than cut and sewn. 

John Galliano, who has a penchant for mixing cultures 
and history styles, used North African stenciling on the 

S co ! i ,cct,0 ?. of Empire- inspired dresses in 
1996, when he was artistic director of Givenchy 

coUcclion - Kenzo African* 
colo l and decoration; tribal markings on fee 

f Ta?«>!^ -, 5Cd ** paI!ern,; 011 kniwear and fabric. 

■ u ^ ,,s nalure « permanent, but fashion de- 

S5? h Th C - U rSS, ,r in H pnn ; 00 n ? l ? dc . rn second-skin ' 
dcvcio P ibis idea was the decon- 

T-shirts became a signature^ 

In his tall collection, Galliano also had ratton rmrVinot 
for mullituluira! thc^s. incl u di„“ SKS 
pearly also Cleopatra. Body art has thS^onefull 

circle, from the Egyptian pharaohs to fee modem world. 


TUESDAY, JULY 22, 1997 

PAGE 11 






rt I 



Rn*n», Hi phew I njw-rw) Pirtorul Pi«»,rtflN photo 

Mr. Murdoch's son, Lachlan, left, and his daughter. Elizabeth, at center in 1991 photo, have been appointed to key positions by their father, right. 

Investors Wary of Nepotism at Murdoch’s BSkyB 

By Geraldine FabriJkant 

Net\’ York Tunes Service 

ft’s all in the family. At least that is 
the message investors are getting about 
the top management succession at Brit- 
ish Sky Broadcasting PLC. and they do 
not like whar they hear. 

First, Rupert Murdoch, who con- 
trols BSkyB, installed his daughter, 
Elizabeth, 29, as a senior executive at 
the company. Now. just 16 months 
later, the two ranking officers at 
BSkyB have gone. 

The resignations of the chief ex- 
ecutive, Sam Chisholm, 57, and his top 
aide. David Chance, 40. on June 1 7 
stunned industry executives because 

the team had built BSkyB into Bri- 
tain's leading pay-television company, 
and both had strong financial incent- 
ives to stay. 

Mark Booth, formerly chief oper- 
ating officer of Japan Sky Broadcast- 
ing Co., Mr. Murdoch's Japanese 
satellite operation, has been brought in 
as chief executive. 

Mr. Murdoch has never hidden his 
dream of creating an empire that will 
survive into the next generation. 

BSkyB is 40 percent owned by 
News Corp.. the .global media com- 
pany in which Mr. Murdoch owns a 
controlling 31 percent stake. Lachlan 
Murdoch. 25. his son, has already been 
promoted to executive chairman at 

News Ltd., the Australian operation, 
and James Murdoch, 23, recently 
joined News Corp. as vice president for 
music and new media. 

But if Mr. Murdoch, as some believe, 
hoped to train Lachlan well outside the 
spotlight of the United States and 
Europe, Elizabeth will have no such 
luck. Having already had her duties as 
general manager expanded, giving her 
the job of overseeing all programming 
ai BSkyB, she is widely considered the 
second in co mmand at the company. As 
such, she is beginning to attract media 
attention both in the United States and 
in Britain. 

Mr. Chisholm cited his severe 
as thma as his reason for stepping down. 

and Mr. Chance offered no explanation. 
But the British media industry read the 
departures as a sign that Ms. Murdoch’s 
presence was being too strongly felt 

“David Chance didn’t want to be 
Elizab eth Murdoch’s lap dog." said 
Louise Barton, media analyst at Hen- 
derson Crosthwaite, a London broker- 
age firm. 

Or as Jason Crisp, media analyst at 
Sodete Generale Strauss Turnbull in 
London, described the quandary of Mr. 
Chance, who could have succeeded 
Mr. Chisholm as chief executive, “He 
didn't want to be the meat in the sand- 
wich — caught between Murdoch and 

See BSKYB, Page 15 

Bavarian Banks Agree 
To $10 Billion Merger 

Firm Would Be No. 2 in Europe in Assets 

By Edmund L. Andrews 

New York Tones Soviet 

FRANKFURT — Two big German 
banks announced plans for a $10 billion 
merger on Monday that would, if con- 
summated. create one of the biggest 
banks in Europe and an institution with 
more assets than any Americas bank. 

The deal between the two biggest 
banks in Bavaria, Bayerische Vereins- 
hank AG and Bayerische Hypotheken- 
& Wechsel-Bank AG, masks the most 
dramatic move so far in a trend by Euro- 
pean banks to consolidate in the face of 
increasingly ruthless competition. 

Bankers and analysts have been ex- 
pecting a wave of bank mergers in Ger- 
many for at least the past year. 

Like many European countries, Ger- 
many has far more banks and bank 
branches than it needs, a burden that has 
made it harder for banks to earn re- 
spectable profits and to prepare to face 
increased international competition. 

The new bank would have assets of 
$415 billion, second only in Europe to 
Deutsche Bank AG and considerably 
more than the $340 billion in assets at 
Chase Manhattan Bank, the biggest 
U.S. bank. 

Executives at Bayerische V ere ins- 
bank said the deal had been conceived in 
part to emulate the success of American 
“supra-regional” banks such as Na- 
tionsBank Corp. of North Carolina and 
BancOne Corp. of Ohio, which have 
become powerhouses by acquiring 
scores of smaller institutions over the 

IMF Uses Quick-Fix Procedures to Arrange Loan to Philippines 

By Steven Erlanger 

New York Tutus Sen-ire 

WASHINGTON — In an important test of new 
methods to cope with instability in world markets, 
the International Monetary Fund has for the first 
time used emergency procedures set up after the 
Mexican economic crisis to arrange a $1 billion 
loan to the Philippines. 

The move was a response to the pressure placed 
on Southeast Asian economies since Thailand let 
its currency, the baht, float July 2. and it quickly 
fell about 20 percent against the dollar. 

Fund officials said Sunday that the IMF board 
approved an emergency loan request from Manila 
on Friday to help its central bank shore up the 
Philippine peso, which was allowed to float July 1 1 
and has since lost about 12 percent of its value. 

Although the emergency loan is small in com- 
parison with the unprecedented $17.8 billion the 
fund lent Mexico in February 1995, the instability 
of the Southeast Asian economies has been wor- 
risome to international institutions. 

The 1994-95 Mexico crisis provided further 
evidence to financial authorities that global mar- 
kets.are tightly linked and that instability even in 

smaller emerging markets can be enough to disrupt 
financial centers such as New York and London. 

During that crisis, world financial institutions 
were criticized for not moving quickly enough. 
This helped lead to the establishment of emergency 
procedures that have now been put to their first test 
in the Philippines. 

“It's a very good thing that’s happened," said 
C. Fred Bergsten, director of the Institute for 
International Economics, a think tank. “This is the 
first sequence of financial disruptions since the 
Mexico crisis that has radiated out from one coun- 
try to a financial contagion- affecting- lots of other- 

countries. “It's imperative that the IMF be able to 
deal with these crises very fast and demonstrate 
that to the markets, and the Philippines deserves a 
lot of credit for going to the fund quickly to seek 
help; so both sides have learned, and hopefully, 
this will help mitigate any spillover of tne con- 

The IMF board approved Manila’s request to 
draw on $600 million from an existing loan pro- 
gram due to expire Wednesday, extended that loan 
through the end of this year and augmented it with 

. • See IMF, Page 15 

past decade. 

The two German companies pre- 
dicted the merger would save than 
about $600 million a year within five 
years, largely because they could cut- 
ting back on bank branches and re- 
ducing services within branches. 

Shares in Hypobank rose 8.20 DM to 
66.70 DM, while stock in Vereinsbank 
rose 2.90 DM to 85.70 DM. 

“We have watched very closely what 
is going on in the world,” said Martin 
Huefner, chief economist for Bay- 
erische Vereinsbank. “It is the banks 
like BancOne and NationsBank that 
have been the fast-growing." 

'In a telling sign erf the changing times, 
moreover, both banks were advised by 
the same American investment bank, 
J. P. Morgan & Co., which mapped out a 
complex, two-step merger. Represent- 
ing both sides in a merger is illegal in the 
United States, but not in Europe. 

“Europe is overbanked, and the in- 
dustry is under increasing competitive 
pressure," said Matthew Czepliewicz, a 
banking analyst at Salomon Brothers in 
London. “This is a sign that the banks 
are recognizing that and are willing to 
act in fairly radical ways.'* 

Germany has about one bank branch 
for every 1,500 people, while the United 
States has one for even' 2,723 and Bri- 
tain has one for every 2,93 1 . 

Under the proposed merger. Bay- 
erische Vereinsbank will first buy up 45 
percent of Hypobank's stock in ex- 
change for shares that it owns of the 
German insurance company Allianz 
AG. The bank then plans to go back to 
the market and raise money to shore up 
its financial position. Sometime next 
spring, die two banks would then merge 
into a single entity with new stock. 

Executives at Bayerische said the vir- 
tue of this complicated path was that it 
would keep shareholders from seeing 
their shares diluted. Under this plan, they 
said, the merged company would have 
20 percent fewer shares than if it had 
executed a more conventional merger. 

The question on many minds Mon- 
day, however, was whether more big 
mergers are on the horizon. Analysts 
were cautious, noting that Germany’s 
two biggest banks — Deutsche Bank 
and Dresdner Bank — are strong 
enough to proceed on their own. 

Thinking Ahead /Commentary 

Kohl Needs to Do More for the Euro 

By Reginald Dale 

huenuniOHat Herald Tribune 


' ASHINGTON — If any one country is to have 
the last word on Europe’s planned single cur- 
rency, the euro,' it will be Germany — the 
Continent's dominant economic power — 
which holds national elections less than three months 
before the euro is due to be introduced in January 1999. 

Until recently, that prospect has never much worried the 
currency's backers in other countries, who have counted on 
Chancellor Helmut Kohl to pilot the euro through the final 
political shoals as he seeks re-election in October 1998. 

Now, however, Mr. Kohl is making some of the euro's 
friends distinctly nervous. Despite his passionate support for 
the plan, the Germans remain much less enthusiastic about 
the single currency than most of their European partners. If 

anything, doubts are growing. Mr. 

Kohl seems to have made no real case 
for die euro, simply insisting that it will 
be introduced on time despite the 
doubts and warning of the risk of war 

in Europe in the next century if it is not. 

— a threat that seems incredible to 

many Germans who do not remember World War IL 

Worse, Mr. Kohl has allowed himself to be maneuvered 
into a public pledge to limit the German budget deficit to a 
precise 3.0 percent of gross domestic product to qualify for 
the single currency — further increasing the political 
importance of an economically irrelevant commitment that 
he may be unable to keep. 

Mr. Kohl and his government would do much better to 
start nying to dispel some of the myths about the euro that 
are fueling opposition to the single currency in Germany 
and elsewhere. 

The German public, in the words of Klaus Friedrich, 
chief economist at Dresdner Bank, is afraid of inflation 
when it should be worrying about unemployment and 
Germany's “calcified" economic structures. 

If anything, 
euro doubts 

Many Germans worry that the value of their peas ions and 
savings will be eroded once they are converted from strong 
Deutsche marks into weak euros and that the euro will be 
further “softened” by the inclusion of traditionally in- 
flation-prone countries such as Italy, Spain and PortugaL 

Those fears are outdated. The risk of inflation is virtually 
negligible in today’s European economy. The latest Italian 
inflation figure, for instance — a year-on year increase of 
1 .4percent — is as good as Germany's. 

Tne focus of attention on France and Germany as the 
euro’s key members has tended to obscure the huge 
achievements of the Mediterranean countries, and of north- 
on countries such as Belgium, in bringing their economies 
into line with the single currency’s requirements. 

In any case, the inclusion of more countries will not 
necessarily make die euro a weaker currency. Its value will 
be determined largely by the capability and credibility of 
foe European central bank, rather than 
member governments. Everything 
suggests that this central bank will be a 
highly professional operation that will 
want to make an early mark as a tough 

Even so, of course, the euro may 
initially decline against the dollar, making it in that sense a 
“soft" ’ currency. But that is already happening as potential 
euro member currencies, including the Deutsche mark, fall 
in unison against foe dollar — without reigniting inflation. 

The question is not whether countries attain foe precise 
budget target of 3 percent — from which there are plenty of 
let-outs in the Maastricht Treaty — but whether the high 
degree of economic convergence that has now been at- 
tained in Europe is sustainable. That is foe treaty’s fun- 
damental requirement. 

Mr. Kohl should shift the focus to this wider issue — 
preferably with the support of foe Bundesbank. He also 
needs to convince Germans that the euro, as it should, will 
help to solve foe country's unemployment and other struc- 
tural problems. 

are growing. 



if. Ten a Pete 

Cross Rates Ju| y 21 

s t on. fj. urn an w. 

Assftnkm im uns 1129 uxs msr — w 

Brunch QhbI* 

FmUftrt IJBi US — USB? IKS' Qfflti W UK 

Ltfltefl (0) LOI — JB42 HT75? VBU 4 13J32 07» MB HUBS 2JRM » Hi 

Madrid BUS S1537 9CW 2 ASS 2 7U81 WL42 — 

MBoa USM VOM 9JU5 MJ» — 94*39 O.M 1.1SI5B 15*1 IZBA 1157 

NewYeriffi) — LOT a Uhl UAtt 20Z2S 37J9 MB HUB ]3m 151 - 165 

Pais ■ 4JJB7 Ttlfl 1S» — 6301* IDOII WAS 61W8 52333 ' 4 iUI 40073" 

Tokyo Chad 

Taranto ^77 Z3U7 UM* 0273 MW- UR 47713 ■ 05331 1.W* - Ml 

Zenefi " MW im OBB 12*34 W06* UX3 MOT — UW UN MW 

1 ECU LRU 002 . ITO Utti ION 222M *1715 1OT Q7JV1 1-515 146872 

1 SDR LOT UK 24W 13377 2027 17JO 50*11 10381 19137 1JB7 2D0MS 

Oastogs in Amsterdam. London Attn Paris ondZuritn. Mqp In at»r centos New Yotk and 
Toronto mta&U 3 PM. 

k To bur one pound ts 7b bur one doitan •Vote of W N.O: not quoted- NAj not anMtte. 

Other Dollar Values 

Ubfd-Libor Rates Ju| y 21 

Swiss Fmx* 

Do tar D-Mofc FiflflC Stef®* Fnac Ten ECU 

I-morth 5»-5» 3-3V* IW.-ltefAtes-ffVHWs-MW Vi-V* 4H-4U 

3-monm 5tt-5te 3Vi-3V» lVn-lV* tffc.-7Vi» 3M-3W tei-U* 416-414 

6-mon® »-S«Vk Itt-WI* 7**714 **-» OU-AVa 

1 year 5tek-59k 3W-3¥u IF* -IV. TVt-TVi 314-3W 

Sources Reuters, UoydsBani. __ _ _ 

Rates apjdaUe to Interim* deposits of SI motor aSntimm (orequMenO. 

CmwsT Pars 







AfpBOLptSO 0.9999 



Mac. pass 




.. ~ 

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ABStraSmS 1.2*93 

HmbKmS 73498 

N. Zealand 5 




UtttalHL 1242 

Hong, forint 




Sued, krona 

7 JT 7 

. . *- 

ftWiiwf 1.0809 



PM. pe« 



27 & 

83217 . 







•:v ■ 

Oedikatuu 3430 

Irish £ 







Doetsh krane 6.8325 








Egypt, pound 13898 

' KiiWifioor 






Pferantta 53175 

Malay, risg. 




Key Money Bates 

United States 







Bak tea* rate 



Pilaw rate 


Cal 010009 


6 te 

Federal tads 



l-*onTti hitertanfc 



90-day CDs testers 



3-motltt tatwhate 



IBfrday CP deafen 



i-Bjofdh iateitre* 



3 month Treasury bffl 






l^ear Treasury Dffl 



2 -year Treasury bS 

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lo-year Treaswy sate 






36-year Treasury bcod 






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Discount rale 
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Suwoesi Setrters. Btoombem, MerrttJ 
Lynch. Bank of Tokra-Mlftublthl, 
Cefamuzbank, Oa& tpaena*. 


We’re not just on the map. 
We’re all over it. 

Forward Rates 

Comer May M*r tfrday Cwmey 

Pound Sterling 16739 1.6722 LAW Japmnyw 


Deutsche nark 

13707 1-3662 1.3657 SvtnfiWK 

1.789* 1.7862 1.7822 

SMny uyntr «dar 

11578 11474 11420 

1.4709 14660 -10610 

l I:’ " v 

Saunas INC Bo* tAma/eidnah Mower Bo* (Btuss^A Banco Canoodalelkeimo 
iMSaols Banque tie Francs ! Parts); Boat of ToXyr-MteubisSI U 

I -month interim* 
Xmatb tfftatant 
6-menfli Unto® 
10-yw Catt bond 
lombard rate 
Smoetb Interim* 

i-crocttl interbank 

(L63 GOld 

JU4- PM. Qfwe 

- 2S6 

Zorich 32025 326.10 +230 

London 32645 32630 +2J0 

450 450 Mow York 329® 32630 —140 

188 3.08 ULittttos per ounca London affiant 

3.12 3.10 OttogsiZuMi amt New Ybrt. 

3.15 3.15 mat doslnsi prices New Yatk 
125 124 J 

5S3 557 sauce: Raters. 

It’s not only our vast worldwide 
network that keeps us at your 
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It's our total commitment to serving 
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From the time we opened our 
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PACE 12 



Investor’s America 

"**«**w : \ - 4 WvSswv -5. r: 

I’/'V'. •• f-H 1 

The Dow 

30-Year T-Bond Yield 

Dollar in Deutsche marks El Dollar in Yen 

1J5 7r=r- 

Source: Bloomberg, Routers 

I m e nwt ioa a lHaiMTdb—c 

Very briefly: 

Expansion Costs Cut AT&T Net 

OMpEtf bf Oar S&tfFnm JUpaEfel 

NEW YORK — AT&T Coro, 
said Monday its profit dropped 38 
percent in the second quarter, 
weakened in part by the cost of 
expanding into Local phone and 
other markers and by slow revenue 
from its cose long-distance tele- 
phone business. 

The company said it earned 
$959 million, or 59 cents a share, 
in the quarter that ended June 30. 
That was down from $1-54 billion, 
or 95 cents a share, a year earlier, 
excluding results from AT&T's 
underwater-cable unit, which it 
has sold. 

Revenue rose 2.4 percent, to 
$13.17 billion from $12.87 billion. 

The sluggish results were re- 
leased less than a week after 
AT&T’s president. John Walter, 
quit after the company’s board 
said it bad lost confidence in his 
ability to guide America’s largest 
long-distance operator. 

Although the results slightly 
beat the average expectation of 
Wall Street analysts surveyed by 
IBES International, who had fore- 

cast a profit of about 58 cents a 
share, AT&T’s chairman, Robert 
Alien, expressed disappointment 
“We’re certainly not pleased with 
the year-over-year decline in our 
earnings,” he said. 

Ia late trading in New Y ork 
AT&T’s stock was at $34.1875, 
down J 8.75 cents. 

Revenue from AT&T’s long- 
distance business grew 1.5 percent 
to $11 58 billion, mugged down by 
efforts to draw customers with price 
breaks and other promotions. The 
slow growth came despite a 9.7 
percent increase in railing volume. 

Revenue from long-distance 
services aimed at consumers 
dropped a slight $50 million, to 
$5.§8 billion. 

AT&T’s credit-card division 
had a 16.3 percent revenue de- 
cline, to $35 L milli on. 

AT&T did not break out rev- 
enae from its fledgling local phone 
service. But it repeatedly cited the 
difficulty of cracking the market in 
its results, blaming foot-dragging 
by regional phone companies in 
making agreements to allow 

AT&T’s entry. But the chief fi- 
nancial officer, Dan Somers, in- 
sisted that recent setbacks would 
not hurt the company’s plans to 
expand its local offerings. 

On Friday, a federal appeals 
court threw out certain new reg- 
ulations aimed at opening the $ 100 
billion local phone market to long- 
distance companies and others. 

The cost of other AT&T ven- 
tures also hurt results, including 
investments in wireless services, 
AT&T’s Internet access service 
and overseas phone service. 

Revenue from ail of AT&T’s 
new ventures rose 46 percent, to 
$524 million. 

Revenue from wireless services 
rose nearly 14 percent, to $1.09 
•billion, as the number of customers 
using AT&T's mobile-phone ser- 
vices rose by about a quarter, to 
nearly 6 million. 

AT&T also announced that 
Caterpillar Inc.’s chairman and 
chief executive. Donald Fites, had 
been elected to serve on its board 
starting in September.. 

CAP. Bloomberg) 

Stocks Drop as 
Awaits Fed Testi 

• Boeing Co-’s profit fell 15 percent in the second quarter, to 
$399 million, as sales rose 48 percent, to $9.3 billion. The 
company said its rush to increase production was causing parts 
shortages and hi gh overtime costs. 

• Exxon Corp. reported Monday that profit increased 25 
percent in the second quarter to $1.97 billion, compared with 
SI .57 billion a year earlier. Revenue rose to $32.8 billion from 
$32.2 billion. 

First Union Digs Deep for Signet 

■ Sprint Corp. announced Monday that it would buy a 
computer network manager, Paranef Inc, for $425 million, 
giving Sprint a new line of services running smaller computer 
networks for corporations. 

• H. J. Heinz Co. said it had formed a pet food Joint venture in 
Sooth Africa, acquiring Reckitt & Column PLC’s food 
business in Zimbabwe. 

• Host Marriott Corp-’s second-quarter earnings more than 
tripled to $26 million from $7 million a year earlier. Revenue 
rose 62 percent, to $270 million from $167 millioa. 

Nabisco Holdings Corp. said its second-quarter earnings 
milli on from $90 million in the same 

rose 13 percent to $102 
period a year earlier. 

Cooed** 6y Oar Staff From Dbpacka 

CHARLOTTE, North Carolina 
— First Union Corp. said Monday it 
had agreed to buy Signet Banking 
Corp. for $3.25 billion, paying a 
high price to become the biggest 
bank in Virginia- 

First Union would be paying a 46 
percent premium on Signet’s clos- 
ing price on Friday of $36.6875 and 
3.46 times its book value, making it 
one of the most expensive bank ac- 
quisitions ever. 

Signet shares surged Monday to 
stand at $50. 1875. up $13.50, in late 
trading. Stock in Fust Union, the 
sixth-biggest U.S. bank, fell $2,875 

(AP. Reuters. Bloomberg) 

to $94.5265. First Union plans to 
close enough branches and elim- 
inate enough jobs to cut 50 percent 
of Signet’s costs. 

Analysts said the price appeared 
high but might make sense because 
of die potential cost savings and the 
high price of First Union’s stock that 
will be exchanged for . Signet 

“Given that where the value of 
bank stocks are today. First Union is 
indeed paying in inflated cur- 
rency,” said Frank Barkocy, an ana- 
lyst with Joseph thal Lyon Ross, 
“it’s probably less onerous than it 
might have been a year or so ago.” 

First Union will exchange 0-55 of 
a shares for each share of Signet 
In recent months, Wachovia 
Corp., based in Winston-Salem, 
North Carolina, positioned itself to 
become the largest banking com- 
pany in Virginia by making two 
acquisitions: those of Central Fi- 
delity Banks of Richmond for $2.3 
billion and Jefferson Banks hares of 
Charlottesville for $542 million. 
After those deals, which would 

QovOrabrOurSkjffFnM Dtv*d*> 

NEW YORK — Share prices fell 
Monday, led by computer issues* as 
investors were cautious ahead of 
this week’s testimony to Congress 
by Alan Greenspan, chairman of the 
U.S. Federal Reserve Board. 

Microsoft led the decline for a 
second session after warning that its 
revenue growth was slowing and 
saying its stock bad risen too high 
for the company to be interested in 
buying any shares back at this tune. 
Boeing reported disappointing earn- 
ings, intensifying concern foot stock 
prices may have gone too high. 

The Dow Jones industrial aver- 
age was down 6.73 points in late 
trading, at 7,883.73. Declining is- 
sues outnumbered advancing ones 
on die New York Stock Exchange 
by a5-to-2margin. 

The Standard & Poor’s 500-stock 
index dropped 5.09 points, to 
910.21, and die Nasdaq Composite 
Index fell 15.72 points, to 1,532.27. 

Mr. Greenspan gives his semi- 
annual testimony to Congress on 
Tuesday and Wednesday. While 
there are few signs of inflation thal 
might prompt the Fed to raise in- 
terest rates. Mr. Greenspan has made 
it clear in die past that the market’s 
meteoric rise raises fears of infla- 
tion. The Dow has soared 25 percent 
since early December, when Mr. 
Greenspan warned of “irrational ex- 
uberance” in financial markets. 

Michael Metz, chief investment 
strategist at Oppenheimer & Co., 

said, “A lot of big-cap stocks, es- 
pecially technology stocks, got 
ahead of themselves.” 

Bond prices slipped. The-lieach-? 
mark 30-year Treasuty bond fell 5 h 
32 or $1_56 for each $1,00& face* 
amount, to 101 3/32. The yield rose; 
to 6.54 percent from 6-53 percent a 
Last week the Dow passed theq 
8,000 level for the first time, but ihef 
market slid Friday when a drop in 
technology stocks triggered profit- 

taking. • ■■■■'■_ ' » 

On Monday, the market; was, 

nervous about the release of earn-;. 




tags by International Business Ma— 
chines, which was- set to report after? 
the market closed. . i 

“Everybody wants those IBM5 
numbers to come in as forecast,”' 
sai d Doug Meyers, vice president of ^ 
equity trading at Inters tate/Johnson ; • 
Line. 4 ’Traders hate surprises. ' / 

Microsoft, the most active Nas-^ 
daq issue, fell sharply for a second* 
day after the software company’s^ 
t rea surer, Greg Maffei, said on a*, 
conference call last week that the* 
company did not buy back sharesr 
during the second quarter because^ 
the price was * ‘a little high. ■ * ' '■ .-» 
Kimberly-Clark shares dropped; 
after the maker of Huggies drapers 
and Kleenex tissues reported dis-; 
appointing second-quarter profit of. 
$363.5 million, down from $364.7i 
million. (Bloomberg, AP)' 

«5j « 

EMU Worries Hurt Mark 

have cot First Union’s ranking to 
st bank ii 

that of the fourth-biggest bans in 
Virginia, First Union approached 
Signet with the rich merger offer. 

( Bloomberg , NYT) 

Weekend Box Office 

The Associated Press 

LOS ANGELES — * ’Men in Black” dominated the U.S. box 
office over die weekend, with a gross of $19 milli on. Following 
are the Top 10 moneymakers, based on Friday’s ticket sales and 
estimated sales tor Saturday and Sunday. 

HANDSHAKE: Failure Pays for Corporate Executives 

Continued from Page 1 

l. Men In Black 

(Columbia PkJvns) 


X George of the Jungle 

(Watt Dimer) 

SI 63 mill km 

3. Contact 


116.1 mrUtofi 

A Naming ta Lose 






6 . Na BeaffifencTs WeriAig 

(Tristar Pkiurws) 





8 Operation Candor 

(Dimension FOm s; 


9. Out ta to 


S3.T raOBan 

lOBatman and Rabin 

" fWarrjerSrtJSj 


prompting more executives who are 
being courted to make big demands, 
said Graef Crystal, a pay expert. 

To many ordinary Americans, for 
whom getting the ax means a few 
weeks of severance pay at best and a 
scramble to find another job, the 
payments being lavished on cor- 
porate America's big-time losers 
seem almost obscene. . 

Yet, the corporate establishment 
shrugs them off as something that 
cannot be helped. “If that’s what it 
takes to correct a situation, it's 
worth it,” said Ira Mills te in, a law- 
yer at Weil, Gotshal & Manges who 
advises many corporate boards. 
Several management experts termed 
the payoffs “peanuts” compared 
with a company’s overall value, let 
alone the disruption and destruction 
a bad executive can cause. 

Corporate America has arrived at 
this state of affairs because exec- 
utives who leave one company, 
where their outlook is usually safe, 
for another, where it is uncertain, 
want to be compensated for the risk 
they are taking. And unlike in the 
past, when job offers were made 
orally and sealed with a handshake, 
today the corporate elite wants in- 
surance in writing. Contracts always 
include severance arrangements. 

Caaftetb* Oar Sufffnmi DBfortrs 

NEW YORK — The dollar rose 
against the Deutsche mark Monday 
after the French government said its 
deficit this year would overshoot the 
limit that participants in Europe’s 
planned single currency are inten- 
ded to observe. 

The announcement reinforced ex- 
pectations that the criteria for par- 
ticipation in the single currency, the 
euro, will be watered down to allow 
France to join in January 1999. Such 
a move would result in a relatively - 
weak euro, analysts say. 

The dollar has risen about 15 per- 
cent against the mark so for this year 
amid expectations the German cur- 
rency will be succeeded by a weaker 

“The Deutsche mark and other 
European currencies will continue 
to weaken on EMU concerns.” said 
Tom Rayner, an economist at So- 

ciete Generate Strauss TumbuIL. 
“The French audit won’i help.” 

In late trading Monday, the dollar' 
rose to 1.7963 DM from 1.7915 DM' 
on Friday. Against the yen. it rose to 
1 16.095 from 115.450. 

A Bundesbank council member. 

52 * LV 5 

>" h ' 


>iMr * 
tfr : Jkmw 


Ernst Welteke, meanwhile, said.- 
German interest rates were unlikely, 
to change in the next few months. 

reducing the possibility that higher; 
help the ci 

currency re- 

lates might 

Against other major currencies.; 
the dollar rose to 6.0585 French - 
francs from 6.0530 francs Friday 
and was little changed at 1.4750 
Swiss francs, compared with 1 .4755; 

The pound fell to $1.6791 from 
$1.6803. • . (Bloomberg, AFP l 




[4 $n\ said 

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jed w nuk-.* 


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•jfcf flUR'Ib. ' 

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fa WC'i 

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jifnniK. Fiji 
te mm a; the 
1 «• unrnnin, 
fitilndu'* f 
si lii jn-i •; ■■■• 
sUu 10 j-er 

Monday's 345 P.RL 

TIB top 300 most odtve shores. 
The Assooated Ptbss. 

uk hv urn ana 



» n> 

ft M 

ZHi TV, 
7ft 2* 
n ia* 
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IV* 1* 
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31 OTk 
Wk IP* 
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IW 3201. 

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tft -ft 
4ft -ft 
45ft -lit 


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i« in im a* Indexes 

Most Actives 

July 21,1997 

Low Latest Owe opim 

Utah Low Latest dig* OpM 

High Low Latest Chge Oplrt 

2ft » *H 

m*. 7TU .« 

ah m -ft 

lift ft 




Dow Jones 


HV Law Latest 0190 Opfnt 

Indus 788*31 7919.96 7B4B06 
THUS 7831 JO 3S4l.ll 

Z30J3 330 n 339 JO 
24U28 243734 24Z1J8 

tft Standard & Poors 





141 H ft H M 

IDO m 241 » -It 

119 4V. AH AH -Ik 

189 1* 1ft IV. .ft 

ZM 21 214k B 

W 8 H « 

V M M n 4 

D ft 4 4U -ft 

95 Tf* n 9ft ft 

116 Oft 47V, Alft 
— WV. !Pft 10ft 









—108144 107139 

— 453.18 447.74 

— 19718 19431 

— 10186 102J4 

— 91430 909.61 

— 89536 89039 






5S2E 0 









41 DC 









imm MS 

102V* 103H 
•■ft 40ft 
7» 79 

lift 31V. 
37 W 47ft 
SHH 35ft 

34ft lift 
27ft 29V. 

53ft 53ft 
4W» 691k 
«&• 5Dft 
1M 138ft 
66V. 67ft 







♦ lift 



URhi mWmim-oiAi twkuM 
JW97 J4W 258ft 243ft -6ft M1B 

StoV7 388 lOft 245% -7ft 63J7S 

OK 77 34714 24714 348ft -Tli 141454 

MorM 354V> ZSS 254ft -4ft 28 m 

Way 98 2S7ft 2S5 23Vi -7 5.964 

JW9I 242ft 359 262ft -7 9m 

SfpM 256ft 251 2Sft -J 1.116 

EC. softs HA. fifs. sales 7X217 
fir's 0PW W 29 M Off 561 

OR8W6E juice tMcny 


5*097 75.70 7X2 7X00 *1JB 19051 

Noyf2 77 JB 7435 77 JO ,1 JO 7,0*4 

Join I07B 77 JO 8049 tU5 

Horn SUO 8240 OX +125 Tjni 

Est.sdes 8LA. fifl softs 1.579 
Rrsannht 31025 up 22 













♦ ft 

»1 +J4 

lft Jk 

b -ft 

ilk <11 



47S97 67239 47Z3B 
6KJ1 60036 601J3 
429.17 425.08 
2*4.12 2*2.19 Wl* 
41651 43148 4XL57 






.14ft -Ik 

111ft 11V* -Ik 

JM 3ft -ft 

lift 167k 4k 

M n -Ilk 



in* lift 

«ft 9.-. 






n ... 

127 IWb 16M 

73 IK 3ft 

1U lift 15ft 1SU -ft 

UUJ .-7ft XT.. ... 

IS M M TO J.k 

ir ns in ni .ft 

1786 n« SI 51ft -ft 

<■ aw xe r* j* 

m ill wi 

92 11 HR* IFft 

ms 4<i. 4i 

n 7 ift 2 .4 

191 5ft Ak 5ft 4» 

91 im lift 11* .ft 

166 r+ 7ft 9it -ft 

218 et n* rt* i« 

no mk iv* is* -1 

3B 7ft 2ft Tm ft 

M2 254 Sk 25ft .ft 

ZB* CM lift 2114 ... 

W 71 M 54 -ft 

» n ft. n* ft 

1191 lift 12ft 17ft 

1577 5ft R* 56 -ft 

140 H H Si 4* 

1114 3 1*. I«k -S. 

30 1 7k 169% 77ft -It 

TUB 9ft *W 9ft -ft 

184 114 Ilk 1ft ft 

1558 2Sft 24ft »ft 

6*6 W 9ft 9ft *1 

IBS « 9. % 

sn in n ift ft 

m n ift zft 

» 0ft « 61 

40 ft 01 ft -ft 

W 81 Hi » ft* 

IM* am -1* 

im raft 




MB* wr IM 

1548.10 1530.72 1S32J7 

1228.13 1119.12 12WJ3 

1661.14 165589 165866 

■10 06 







977/16 980.13 -7.93 

-X4A Oracle 


188 tons- Oolkn oar ion 

-M9T 274J0 msn 274J0 *4J0 2 J64 
A*J097 14550 mn 265J0 *1.90 3L227 
SW 77 Z2O50 2)100 22050 +A80 I7J6] 

OUT? sun ion* an® -vo ujii 

Doc 97 194® Iff® 193® — t.H 31271 
Jpn 78 19]® W50 192® -1® 5®9 
6s/- soles NA. FWVartB* BASS 
PrftoeeiW 117.7*7 up 11*0 











HftH LM V4L 
63359 629 SO 429.93 



Dow Jones Bond 



20 SondS 






T89A _ 
"" Sc*y«SP1i 
10418 voefl 
10164 SoSeiWt 

VM. Met In Ifts 
37007 91*tr 90V. 91ft 
I«43 »*« 79M B>. 

t»}6 76 2Sjl » S5«» 
1051 Sft 5ft Vn 
7«17 6'ft «i* eft 
6*96 I0»« Tr 9W 

649f » rr, 3i 

i*70 20 * ISM |94 a 

4JW 7 I ft l'ft 
4367 1»4 IM IM 




40.600 Kn- certs OS- IB 

Mn rt.® n® n.77 -8® w 

*41*91 21® H57 21® -031 10704 

5*097 22 DO »® 21.98 -All 17-575 

Ottrr 22.13 2IJ7 2213 —077 14JK 

Dec 77 2247 21.90 22 3 -0® 41,422 

Jan 98 2239 a.15 1231 -043 5-781 

Ed. soles NA. Fn'K. safes 16®B 
fit's aoenM 123.794 «p 1*43 

Loot till mwmunr*- ceie» per busM 
M97 721 754 778 -IN 1.04 

Aug 9/ 740 712 739ft 71 

Sec 77 645ft 477 645ft -7ft 12797 

N0VV7 98 586 591 -9ft 72380 

Jon 98 tOSVi 5»ft 601 — fy HJX g 

Est soles na fil’s. yfes 53.150 
Fn'sonenM INL62» aft 5947 

Tnufing Activity 

6.000 Im* minmiunv. oiei eer B 
JW97 333V, 323ft JBVi 
Sen 97 141ft 327 341 1 5 



I ***** 

Me Hga 

New UMn 

838 866 temneed 

1437 ;=* tMOft-a 

660 Cl LM^«no60 

TXn 3415 TrtalBVMs 

J2 162 MneMgnj 

14 ,4 MevLMI 

I4A4 1765 

WOl 2796 

:ioi i -as 

IM 5726 

« 198 

56 54 



0x97 JU 3471’* 354ft -4 ft 34J!fl 

War 98 365 3S 365 - 416 JAB 

EV.snies NA firssrtes UJ13 
Fn'sofenmr 92,7a uo 1159 



180 907 ol- detan Per Mr at. 

•M 97 326.00 32150 32150 -3® 

Aug »7 329® 321® 32620 -Iffl 
S® 97 324® —OSD 

0(397 91.10 327® 327® -3® 

Dec 97 333® 337J0 22270 -1® 

FM® 315.1 D 3JI® 91® -JJO 
Aar® 335® 334.10 334.10 -3® 

Junta 339® 339® 99® -4® 

Augta 362M 

Es) sin SUOD fir's, sate 61SD 
fir S 004*1 frt TlXSff off 5)07 


N4NS6- i»e»oer ft. 

X497 111® H)9® 11090 
Aug 77 WAS 107® 109® 

S®97 109® 107® 10B® 

OaP7 107 . » HP® | VJO 
NW77 10475 

DM77 MS® 10430 10565 
JonW 10465 

F»N IO410 

Horn WU5 303.10 IBUS 
ES. soles NA FftS. sales 7.S29 
firs open mt 44317 # >® 

sm nv, 06 - certs Orr troy or. 

6497 425® 422® 49® -8® 

Aob77 G3.HJ —130 

toW C2® 425® 421® -1® 61J7J 

°*-17 637® 431® am -I® 11S77 

®nta 43370 -1® X 

Mar« 43610 437® 438 TO —1 20 7.443 

“ 2675 


mo® - ms ft a2nfean® pd 

Sop 97 114-23 114-11 114-15 -0® 165008 

Doc 77 N.T. N.T. 114-03 -0-0? 1.130 

Es/. VMS: 25207. Pin. soles: 57,774 

Pm. open W.: 166.146 off 7.1® 


FF5B0M0 - p/so 1 lOOpd 

to 97 Iff® 130 06 13022 -au 205193 

Dre«7 79.14 W04 9702 — OU £290 

Est sales: 71983 

Span kit; 7/M3 off 26S. 


ITL 2G0 imnon - pb of ICO pd 

• - 18 115 - xr - 

Sep»7 136J8 135® 13556 *514 105(03 
DreW 1®» 10B.OO 10556 -5)8 2610 

Est. solas: -0.033. Pm seta: 37655 
Pm. open In). 100642 off l.«49 105447 
SI mlkion-pnof TOO pet 
AugT7 *424 *124 *124 74613 

to 97 *423 9122 *422 -501 S32JM3 

DreW 94.0 *404 9104 -001467647 



BUM «»t- cents park 

2^51 1*2 TlUS —523 11127 _ 

Dre97 74® 7128 74® -536 44®7 

Merta 7&® 75® 7508 -505 964) ' 

MOV » 76® 7530 7530 -545 2®2 

M90 76 W 76 SB 76® -535 1695 

6a. soles NA fiTisote U623 
FtTsomiW 7S6Q oft 2061 

42 rn OOL cert* ore not 
AugW 57® 51® 5130 


Sep *7 ®95 
00 97 53.70 
No»97 5160 
DK97 S5A5 
Jt«9B 66.00 
Feb 98 559 
MJTta 55.75 
Aorta 5160 

Marta 9198 9196 9197 -0® 322®T 
JuOW 2-5 ’“I 9187 -50 261136 





♦ 1.15 22615 

•Iff 1AJ1 
-1.15 1J34 

♦ 1® 7648 

♦ 1.15 7U 

-1.10 437 

* 1 ® 









May 98 44I9Q —I® 

Alta 447® 44570 4*570 -l» 
Ert seta NA firs, sink 13.371 
fit’s 0PWT 96437 err 23M 


Market Sales 

ra an 


JS3 M. 

2*8 m 

5AH KVi 

no n 



r« -M 

i»k -«k 
III *4* 
Wi *l*e 
1ft ft 





294 B? NY5E 

W7 143 

7J 43 t ”: 

2 ii /Rimfitens 

l-oo n* 

374.12 67S.90 

M.B2 3367 

39761 66555 



Ul 6 Sft 

37007 pet 

700 Sfkk Sift 

tM tot ini 

30* 12 lift 

•,*71 It Jl 

10 IM fth 
107 W JM 

It! R* ft 

131 iew ip* 
W Wi IM 

a ift w 

A3* J% F* 
IBI n 11K 
W lkV, 16A 
M 111 M 
g* to** im 
Oi W» It 
2« If Ik IM 
US 6M m 
115 lift - 


5*9 IM 
2*1 17 

191 2» 

m i 

m m 

178 • * 


ft -v 


Per Ant Rk Pay 







in ft 

.S’ ^ 

Jk -M 
w -ft 

2Mk 41 

;Sr - 

- « M M 

- .10 8-14 9-2 

AK Steel 
CM Irens 



Equifax RK 1/10» ofo tame or CMkePoM 
inc farecefi stare heW. 

Coil I nstn u Bti a V3 ot a srioee of CoRacoo- 
sco® Inc & 1 more of NcdLnd Sntems 
for eaca short held. 

Supreme tall 3 for Ispffl. 

Wnep Grtwp3Jw l-soBt 

E Town Corp 



El Poso NoturGos 
“ sine 

Per Ant Rec Pay 

O JO 7-27 8-15 
M 1094 7-31 9-2 

Q 285 7-25 86 

Q Jl 9-16 9-30 



a <415 8-1 fr!5 

GenCorp in 

























sn . . 

1474 lift IBM 
109 31ft zn 
HA DM lift 
m » tm 
Wl 3 IA 
N4 ru «A 
ZH6 h ft 

US ft ft 

29 TW 17 

W 4k At 
IB U 1J* 
ten im li 
W Ift I 
W lift 1«H 
IB Sft SM 
W7 lift 111 

n 19k 1ft 
m in ink 
■ 14** T*rt 

186 141* 13N 

W 17ft lift 13ft 
ta IM IRA 3ft 
« IIP 11 lift 

It -ft 
14ft *4* 
6*1 •» 
Tift 118k -4k 

4 6ft 
14M 14ft -Ik 
JM Hit •» 
m zn a 

Uk 18k -ft 
Uk Tft 
ft ft 
tfe Aft 
IM 4k 


iw reft 














Dane Corp Q 27 8-29 9-15 

IBSFlreJ Q .10 8-Z7 9-14 

Ataiin (print o .04 8-4 405 

ManMoOCarpInw a .73 7-31 8-14 

RBGRoda Q .0775 8-1 8-15 



smora um 







. .12 330 BIS 
_ .-C75 7-74 7-31 
_ .09 6-29 9-30 

- .07 7-31 B15 
. .17 8-1 BIS 
_ .ia 7-31 Bit 

- .12 7 31 8-21 
b .08 9-2 10-1 

Johrocn & John 
Lahetiegd P4» 
Lmtamort Sncsfir 
MonanSTan Hi 
Ocean F<id 

Svnsourcc L-P. B 

IMM DbnMb 
Western OH Find 
n wobIj b- o pp rekJixri e 
start/ AP® 8 pmMt In 

- J65 95 10-10 

O 6875 B1 Bis 
0 31 7-38 8-15 

e .res in bh 
fl Jl MO IMS 

g .15 8-1 V29 

Q J15 8-1 9-5 

a Si 8-19 9 9 
Q 68 7-31 8-14 
0 10 B-l BIS 

M .IM 7-31 BIS 
Q 39 BO 95 
0 JO 7-28 W 
Q .I3S B1 BIS 
O .27 9-X tali 
Q ^4 8-1 BIB 
a 02S B4 9-6 
M.OTI4 Bl B29 

- a U 629 

Q .07 9-5 93a 

O .015 9-1 <7-71 

Q J5 BI5 B39 

4ueokn-u*itt««T b. 

B.97 66® -050 30626 

0097 «67 M* UJ S — 0J2 3S6A0 

2-5 U 75 * a,s ,sj m 

fit »9 7347 7135 1365 -0.05 UU 

Aerta ^55 7L3S TiO -067 J®6 

joN. 72J 71 eg 7J.« -OB 3J» 

Esi.Mfes 17.7® Fn's.sote 1(1288 
Pri'sooww 96.769 off Vi 


B.0M Me.- cert* Per ft 
•mil tm 067 82.75 —BBS 

to 77 12.95 B.IS *367 -102 

Oan BUS 8135 1262 -6.T2 

**W 97 14® H75 64,07 +A73 

J»W 84.95 *4J0 UJ0 -0.15 

Marta 8(50 WO 6430 -0.10 

Esf.sotas L338 Fn'S-Kte M89 
fii' 2L3B gif M 


01.008 #»- cert* m Ik 

fw97 n® Rn ii® ,an 

OdW flit nJ5 7U2 -B52 

Dec92 7a 75 69.90 78® — (LH 

fiota tf® 1150 68® — <L5S 

Aorta 65® 6UB K22 —8.77 

Ekl.Hfes 6.Z71 Frrksata 4J79 

fiisaamn 31937 id is 


40608 ta- certi Per D 
All 97 1790 8117 1150 -3.67 

77 9178 83,22 813 —3® 

Fe09« TUB 69® AM -1,05 

EV.BfeS 1.9J0 FWBtfta 2.105 
fir*epena« UBi oe igi 


-0® 9.771 

-070 1.888 


S) Irsr o> • dooors pot tm o< 

-W97 477® ®l® 4||® _(® 

0097 -01.70 399® 399® 

£"98 398® 394® 394® 

ESufes NA FrCiMta 1,163 
FfTtaptn<rv 17,151 cc> 45 

Qoso Pie»ton 


Dttkirt pei metric ten 

AMrtUnofme* CiMel 

MNH 1585® 1586® 1547 00 1S4&00 

FonrtM 1610® 1611® 1595® 1596® 

toper CotaeOft (High Cnfe) 

6** 7410® 2473.00 7446 ® 2449® 

fwvrtrt 3327® 2328.® 2303® 7304® 
























6685 ® 669S® 6680® 
68®® 6805 ® 6790® 


68 ®® 

5375® 5385.® 5405® 

_ 5425® 5*35® 5455® 


tor 1573® 1524® 1532® 












1532") 1533® 1526® 
CDs- Crige 



i*gn Low 










■W WIWk ■ i lk | M H , — — mi ^i ni tenOkj 

88 twuRffB 8 W Ota ffr. I n o i l UBl i gu l 











Stock Tables Explained 

Sales figures areuaoSIdaL Yealp Ufa tmd bars irtodlhc preeine 52 weda pin Itic cwrenl 
(MnoTto Wetted Off . Where a sefi cr sudiifitoita omwnllag to S pciotal v more 
hntaanROid, tat was MgBiM range and Mend cbo shown tar trio mrsfodBanlr. Ultra 
utfeMUcn o ffUi B l esofdMriHidsoreonnuoiasIgjnenfcrtsbtgBlongicfcfesId reliumin . 

« - (SrSOnd abo W. 8 * onmaf rata of (flvfcSend pftre 5lodi ritaricnd c « Oqutdoiina 

dMdend. ee- PE aCted899.cH - OOBcri- ri - rim rearif km. M ■ km In mo K&I12 immiL 
8 - dhridend riedored or paid in preccifinfl 12 mpnms-f - annual rate, tacreascri on tad 
(MbraftoB-dMriendinCafiaritofMfdfc tt«ierita 15% rxw-iKfdericBfoK. f - ttvidmri 
dadared offer sriBi® orstacl riitidcnO. f- tSMcnd poW INs not, onwtreL detema or no 
action token at latest dMdmd meeting, k - dMdend riedared or 0010 this year, an 
BcnmniWiira issue ftsh <3J*tte«2s in oim» ■ - tnmni aOc, reduced on ioSI OeOomUm. 
a - nw issue ta me pan 52 woeks. The hfgBtor range begins with Die start at trading, 
nd • uni dor deBoer/, p - mticl dnrdenck annual rate unknown. P/E - prise ^ -commas ratio. 
R- dOMteM mutuctfuwL r- dnridend dedoredor pbld in prorihg 12 months, ptn slock 

geMe n d s- sta ck spa Dlvtawra begins Mtiti pole aTspia. its, sates. 1-divktencl paid hi 

staUi fn preceding 12 mantas, estimated cosh eakie anre-dteidend or u-dMiibulion tfcfc. 

8-Bewre jdy Bgti.e. iradtaBfiallcd.ta-8itaBkiiipic9orTBa!lemtilporbotiigreorponi;eti 
wid e, tftc Bann «4ifc.v Att orsecuNHwagunrad tusuoi enreponta. wd- atwr tushibumi 
y - '■yi toiedf raw - eraa eramwlk. x - eftdtadend or ei-rigtiB. «ats - o-disTniwlMn 
w - WWI001 Moiranfe. p- a-diertena onri soles Bl ML Jifl . piein X . soles in full 



18 mene rant- 1 ner (an 
ton 1521 1491 ISM —36 3M29 

DK97 1567 IM 1553 ~J* 2X421 

Merff 1683 1514 1590 -33 B«S 

Mwta M23 1610 1610 -3? KA* 

Jrtta 163/ K28 1838 S 1.218 

tota. 1650 (641 1648 —H 3.705 




Ea.sota ».« Frtltan SJ86 
fif^aaaiw tOtjKs off 337 


I7.SDBt -certs BerB 

JWW 198® raua 19170 *1» 

JttS l 5 ** -5*5 

Ore 97 14925 144® 145.95 -415 
Marta 148® I3S® 13658 I4® 

Mavta 137® 112® 132® cm 

ES.MXS 5.7*6 fi.'s sate 5JH 
Fn'seeenM 21.988 oil 60 

(UGM-MitLDn (Ncsei 

UWW'tM.- wrtlpw ft 
Oetw 1131 11® Iij6 

Marta 1153 1143 11® 

8tar9» ii® ujj UJi 
*•« >U» H.» 11.34 

Ed kdn 11907 fii i sore 12.747 

fil snraiH 1 57.5H OB m 






— 4UB 

• 8® 





tl H MO ra n - pfso* IMpcl. 

S*p97 94 ® 9487 9*47 ' —889 

Drew «2S 94 js WJ 5 
Mgrta 9448 

Es.soic* HA Fn-S. wte Ml 
Wsaoenirt ejZ3 ® IS 

gWAWorw - PH A 441II6 Of W0 OO 
to97 107-01 106-56 (06-56 -89 

DreW 106-47 

Morta 41 

gl.SfeS NA fifs. KJta 27,90 
fil l open W 2»9E uo TOMS 

tiooen enn. pn e sm, rtiso pci 
S gpW 109- II 189-1] 109-)} -86 

CW 97 10941 709-OJ M4-07 —06 

Mir ta UB-® 

EO-sote* NA hrs.Hfes 56,578 
fit’s open ini 362A9 w 597 


8 pg-StaMBe -p *, 1 puli bmob na] 
to *7 114-0* user I7J-38 -JO 

OreW 113-24 lll-li 113.1; — M 

Mortal 13419 11348 113-01 -09 

Junta 113-0* 

NA fi'i loiej 265,21 J 
fir 90001*11 5*0,947 on 7803 



AugW *4J3 9437 9*33 MAS* 

toW 9632 94J1 Mjl — OQ] in nc 

0097 96« *438 **3B MB 

Ea.Wte NA fifiSONs <758 
firsoowiirt 41.517 UO 1138 

Dk625fl.o® pbef Wad 
to«7 in® 102^1 10177 -007371*94 
Dec97 10166 IOIjU 101.81 — 0 08 10-154 
Ev sate 71*30 Pm uAk- I07A53 
Pte open Inf 784.143 elf "676 


34 JIB 


tota «39 9X77 9X77 -005 Jlfl.101 

Drew 9X68 9X86 9X66 -OJB 15BJ11 

Mfe99 9336 93^4 9334 -006 122.556 

toff 9U1 9X61 9331 -OBJ 93.755 

toW 9X60 9138 9338 -023 77.185 

Drete 9333 9X51 *151 -0® 6*329 

ESLwes.NA fiYvsrtn 7260*4 
fii-socrtirt 2J0aJW1 ot 7719 
62J0Q pounos. i per pound 
to 97 16784 1.6698 1.6763 

Dec 97 16730 1364 13778 

Mrtta 16616 

Ert.UiH NA fii'vsote 1972 
Fri 6®ni M! 63301 cfl 717 
)00®Q OoAwi. t per Con. Otr 
toW .7312 7J94 J7G 

Ore 97 .7333 T316 7323 

Mar SB 7365 7365 7365 

Est. sate na Ri'Lseift 8.175 
fii’sapenen 423ff oH 7157 


to »7 5619 5581 5585 

Dec 97 5631 5619 5621 

Marta 5670 

Es. safes KA fi.‘s.scas 19.155 
firsooeneit 109,491 or iza 
irj teN on rtn. » p—- MBwi 
to 97 J7J4 368) Wl 
Dec 97 8833 3786 BJ® 

Marta mi 

6S*fei HA fi.\wte 17.13* 
fii's cpwr irt 5LJ39 off 574 

l7L0cairuncv. Spc-irmc 
to 97 AW «54 UI9 
Dec 97 6895 6331 3891 

Morn ina 

ES Nfes NA Fr>\sate 17.757 
Fr, SopenW 5454* off 3W 

90*308 BMM. I PM PPM 
tow 12420 12365 12390 

Dret? .11970 .11959 1 1960 

Marta 11550 

Estate na Fri’i. iate 3391 
FrYsacaied 35383 rtf 90 

ttoDoc-pMof iwm 

to 97 9179 9X77 9X 77 -O01 124474 

Oreji «39 ll-sa WS7 -om >2UC3 

Mrtta 7X50 97.47 92.48 -007 1C4337 

Jonw «SiJ 0247 0748 -00) 7Z800 

to 98 92 SI 91S2 9X55 -002 51.955 

Drew 9758 925* 9766 -4)01 47J1S4 

»i» -001 3t934 

55l£ S 63 9261 '-0 0’ 71*39 

tow 26* 97.6I ®2 W -001 1A«C 

Drew 92 a: 92M 92 AJ —001 XZX 

W «fel 44^373 Pm Mies; UM6 
Prn oconw 47X01? op 1 1,752 

DMimSBoa utsrfHBpd 

AwjW N.T. NT. 9683 Uncn. J.ttS 

to 97 94J9 Mjg 94 79 Uatti 391177 

oaw NT N.T 9673 Uncn. -,3M 

Upc 97 96*7 9666 96 67 Until Jiia;* 

AtafSB *657 9634 *456 Uadi. JifuUD 

Jim 99 0L4f 95jg 06<0 --41UI »tr' S 

tota 9123 962C 96 21 —001 JSVM 

Decta 9597 OSes *s*6 —001 1744b7 

Mur *9 95 77 6574 95 — tOl 91.757 

Jun99 9337 «S6 =001 2sl61 

Es.vfe-, 66,361. Pre, sate 93389 
Prev cpeortl - 1.555.442 up 1X674 
FPSnBcn ph.cfICCp.-t 

9450 U"*- njn 

gi<? 46 4S - COt 343SB 

S? 59 4(5 19 94 JE (Inch 77J® 

SftZS ,6j0 'J3t* 76330 

tota 9621 94 18 9430 Um 51>49 

t 400 4410 Uftdl 23J» 

S ’? % n 9183 U«R. 15550 

Jun99 95&S 9564 9545 Uuch B768 


Wwpil 7IXW5 off IJI. 

I i L 1 reflion - pTirt lOOpd 
tot. 93® 93J5 9228 —0 OB 70X874 

Sol » Sgzaf 1H 

-£% as as as sss 

«s3 as as as as ss 

to" *4 A3 9644 9448 

re*”- ftn. iasp. rr w* 
PmopMim SKUS3 aft 977 

— - -0.82 

5X38 BJ0 +0JO 
512D 5X50 *0J# 

5415 54® *B® 

5495 B20 -0® 

5SA7 44® *033 

56.10 5620 -0,13 

55® 5530 -O.IB 

- 5440 SiM -033 

Esf sate NA fit's, seta 34,736 
Fn'sopenirt I4U» off 11621 


Aug 97 1937 18.98 W.17 -0.W 

to 97 19.49 1925 1939 -0 M 

OdW 1932 1932 WAJ _(LM 

NWW 1935 1938 7932 -003 

Dec 97 19® 19® 1936 ,-004 

Jonta TVAO 19® 1937 -L03 

FtbM 1945 19® 1935 -0.10 

A*ar« 19® 19® 1935 -Oil 

Apr* 1*37 -HUB 

May 98 1931 -039 

Es. sales NA Friistfes 1317)7. 
Fri'socenim 4H348 off 411 





















Urtnmm b>u*k. t Per mm DM 
Aug« Z1JS 7.07 S 7080 

toW II® 2.051 1055 

OdW 1175 1065 1070 

7*W97 23*5 1210 1270 

Drew 1410 2360 1370 

Jen 98 :«fi 3*00 2A05 

Fe098 2360 2325 2330 

Alwta 1350 2215 2215 

Aorta 11® 2.095 1095 

41oi’98 HUB 1055 23)55 

Ed Mta NA Fr.'s.50te 31,165 
Fn'mpenirt XXJ75 off 7173 

<7®3art. ewr*» pv art 
AugW 6C.S0 5885 59 JS -OJ5 

toW p. 5 5625 57® -038 

OdW 561S 5520 55® -031 

«W97 55JB 5470 VLfiS -0.15 

Dec9> 5490 54® 54® -0.17 

Janta 55® 5195 51.95 -BIB 

Ft* 98 55.17 

Mar 98 SS.77 

ESsata NA. FriVmef 39 ja 
fi.'sapenw H.M Mf 1161 

27390 • 
) 1.925 

I5JK = 








4 * 481 . 




3378 * 


u 5. aeOpn per bam kfe al LOOO bamts 
to 97 1830 TUB 18® -0® 8I®1 

1828 U0B 18.19 .0® 2*861. 

1L3A 1UH IBM -603 1 1376 

18-47 1834 18® -CLOfl 1*919 

1839 1836 1842 . 0 06 12,974 

1846 1836 1841 -007 4988 

NT. H.T 1838 .087 2A45 

ES. Mrir* 20133 . Pm.sate -42JI* 

Pm. apw M . 16X014 up 2.797 







Stock Indexes 

5054 « e» 

to97 no® *11.25 915® -T.H 18X537 

Ore97 939.93 92235 926® 050 5®B 

“5 r « 03885 -2130 UR. d 

|y. tor, NA fi. vsate 80 J 19 S - r 

fii saaenna 111® ia 1362 



"OT permrin pow 

-«SW 7893a 2845 8 3891Q .173 «S 6 

to 97 worn 29523 SoTo *Sa 2ua 

29343 28980 39280 -JS3 tal 
WU 2929 0 7950J3 .770 ■ 8877 
tota N.T N.T. 2919.5 *27.0 U50 
Esl sate . 20.179 
CpanW. 70783 oR 431. 

$L $ 2H 


ftse weaJFFCJ 

t H 

S?‘ nft 5 

to 97 ®6AO WOO 49010 —4417 74031 
S?£ “SS «640 -633 46)5 

War 9f K.T N.T 49030 -640 

^Mfev 11.283. Pm. sate: 21377 
Prev.aoaiM.. 7&7® off Ul) 



Commodity Indexes 


Mood y's NA 

gwtere 1J97J0 

DJ. Futures 14639 

«b met 

fat? Financial f atom * — 

PefTcfaxt EAebet&r, 







H si ; 

B K I 
^ ^ 5 ^ 


En(erI®I ament 

evm ^isliiciutsy 
in Tlir luli-miarkfl 

is i 

; -V |i 


Testi mo J et LYMH’s Chief Quits 
J B oar j 0 f Guinness 

ahead •",* -u'" " r - -«>v»x 1 >.-K 


•issmsss . to - .-I ; J --h v .J«. 

LJU? .... • ■ ” , - , m!Ssv ,cL k 

Bloomberg News 

PARIS — LVMH Mom Hen- 
nessy Louis Vuitton SA said Mon- 
day that its chief executive had quit 
the board of Guinness PLC in a 
show of discontent over the British 

ficiaUy accept it at a board meeting 

Guinness and LVMH have had a 
cross-shareholding relationship that 
dates to the late 1980s. At present, 
LVMH owns 14.2 percent of Guin- 

company’s lack of support for bis ness, and Guinness owns 34 percent 
proposal to merge their beverage of Moel Hennessy. Mr. Arnault has 

Utkin- 4 !r t3e t re,H ^messes. 

On M. ? .. . The company said the CEO, Bera- 

nen-ous , ' lc rrw. , ard Arnault, 48, had quit as a result of 

‘ “‘- L ‘ rrl, Jv ; a “opposition expressed by that com- 
i n _/ 11 paiiy’s management” to Mr. 

Arnault’s plan to mej-ge LVMH’s 

ints p\ >17^ Moet Hennessy Champagne and 

cognac unit with Guinness’s liquor 
:c " ; ;, ir . *5 brands and those of Grand Metro- 

‘~7. ^ ; - i politan PLC. Mr. Arnault advanced 

r T.:-v.r ^ ■ .ir.;.. , h his plan as an alternative to the Brit- 

p\ j r - .... T 

f ■■ssnss. u - ~X?"' S 



•■■idil E5.--J ^ ..." 

eqt!i!\ :r^:. r V'. 


' to 

been on Guinness’s board since 

The heads of Guinness and 
GrandMet last week criticized Mr. 
Amaulr's plan. 

“What Mr. Arnault is proposing 
is a complicated and costly break-up 
of both GrandMet and Guinness in 
order to leverage LVMH into a 
dominant position,” GrandMet 
Chairman George Bull and Guin- 

ish companies’ $38 billion merger ness Chairman Tony Greener said in 


C''rnr^r.'. : 

•in r:»:s i,* - 

v ai vn 

UB-* N.V,:-... • 1* 

r 'l 

<?f>} 'V.‘ s ; 

'■ ' :r,, *'A 

' •» iu/n lN P 5an announced in May. a joint statement at that time. 

I'nj.-r.', . ^ Guinness and GrandMet are ex- “This would give Mr. Arnault 
pected this week to respond for- back-door control without paying a 
„ ; J mally to Mr. Arnault's merger plan, premium, and it is hard to see how 
r,', ; \ which would undo their own pro- this could be in the interests of other 

“ r - tij, posal to combine. LVMH last week shareholders, 1 ” they added. 

41 ^ proposed breaking up GrandMet An LVMH representative replied 
-‘Jun, and Guinness into four separate Monday: “We’re completely pre- 
l ' :h»|. food, fast-food, brewing and liquor pared to review our estimate. We 

' ^ companies. LVMH has said it wants can have below 35 percent if the 

iy tif 35 percent of the liquor company, value of the new company is found 
'v n, yn although the French luxury-goods to be higher than our estimate.” 

' r ai^.4 company said Monday it would con- Another spokesman indicated 
j^v sider taking a smaller stake. earlier that Mr. Arnault might settle 

• ' f -| • •*T;.: .. * ‘He’s nude this decision in order for less than 30 percent plus a cash 

- jjh ;«■ jr ; " to be able to promote his alternative payment. 

Huit Mark 

solution” to their planned merger 
proposal, LVMH said. 

“This is far more value-enhan- 
cing for all shareholders and was 
received unfavorably by the man- 
agement of Guinness. ” 

Murray Loake, a Guinness 
spokesman, said die company had 

Some analysts said a 35 percent 
stake seemed high for what LVMH 
wouldbring to a company that would 
be the world's largest liquor entity. 

LVMH would be bringing its 66 
percent stake in Moet Hennessy to 
the merged beverage business, in 
addition to its 14.2 percent stake in 

received Mr. Amaalt’s resignation Guinness and its recently acquired 
Monday afternoon and would of- 6.4 percent stake in GrandMeL 

Fiat Plans Indian Investment 

11*1^ i*.\ i-V !l\V,i 


: a ; - 
>*.;•* ; - . 
a rzr.K * 

i- *<s\- 

I Ctm^kd by Our S*4f From Dhpca hn 

Fiat SpA said Monday that it 
planned to invest $1 billion in India 
in the next five years, saying it 
wanted to make the nation a key 
element in its industrial strategy. 

Fiat’s chief executive officer, 
Paolo Cantarella, said at a news con- 
ference that Fiat ’slndian unit would 
start producing its Palio car line in 
1999 in the western state of Ma- 

Mr. Cantarella said it had set up a 
joint venture. Fiat India Auto lid., 
which will make 100,000 cars a year 
by the turn of the century. He said 
Fiat was committed to its partner- 
ship with India’s Premier Automo- 
biles Ltd. and it. would not merely, 
use India to assemble car sections 
made abroad. 

“The Fiat group has decided to 
make India a key element in its 
worldwide industrial strategy,’ ’ he 
said at a business conference here. 

Premier Automobiles is one of 
the oldest Indian car makers. It start- 
ed by producing Fiat cars under a 
technology deal with the I talian firm 
in tiie early ’80s. It later began man- 
ufacturing its own cars. 

Mr. Cantarella said that the com- 
ponent manufacturer Magneti 
Marelli. part of the Fat group, 
would also begin operations in the 
western Indian city of Pune to make 
car components. 

“If ail our plans materialize, we 
believe that, by the year 2000, we 
will be producing between 900,000 
to one million cars a year,” he said. 

The Fiat chief, however, said that 
despite continuing free-market re- 
forms. India was “being rather slow 
to deregulate and privatize its mar- 
kets and cut down on the bureau- 
cracy that hampers business.” 

Fiat shares closed Monday in Mi- 
lan at 6,285 lire, down from 6,930 
lire on Friday. (AFP. Reuters) 



Europe’s Financial Shangri-la 

‘No Major Problems to Solve ’ in Tiny Liechtenstein 

PAGE 13 

Z-r _ . 

•A-*".' . 

Bloomberg Newt 

VADUZ, Liechtenstein — While most of Europe 
is grappling with sluggish economic growth, rising 
unemployment and budget cuts, Liechtenstein, a tiny 
nation in the midst of it all, has escaped the tur- 

Liechtenstein’s per capita income is about 
$39,000. making the tiny country, which is smaller 
than Washington, one of the world’s wealthiest 
states. Unlike Washington, it has no airport, while its 
unemployment rate at 1.5 percent is the lowest in 

AH that with no dark clouds on the horizon, 
according to the latest govern- 
ment report on the economy out 
this month. Exports from ceram- 
ics to electrical products continue 
to rise, and money continues to 
flow into Liechtenstein bank ac- 
counts, reputed to be the world’s 

“We don’t foresee any prob- 
lem areas in the economy and 
there is no sector with deep- 
rooted problems,” Liechten- 
stein's Economics Department 
said in its report. “At the mo- 
ment, our prognosis is of con- 
tinued positive development” 

The rating agencies Standard & Poor’s Corp. and 
Moody's Investors Service Inc., which assigned 
Liechtenstein their top triple- A debt rating last year, 
said they will not change it anytime soon. 

44 We awarded Liechtenstein an 4 AAA' because its 
fiscal position is so strong,” said Steven Hess, a vice- 
president and senior analyst at Moody’s in New 
York. “The government has virtually no debt, the 
economy is more diverse than one would think, and 
the banks are well regulated.” 

Unlike its western neighbor, Switzerland, Liecht- 
enstein is also a member of the European Economic 
Area, making it part of a trade pact closely linked 
with the 15 member European Union. This has 
helped cut red tape and puli down barriers for Liecht- 
enstein "s exports although the country is not a full EU 

Last year, in the country’s first year as an area 
member, Liechtenstein’s five banks had combined 
assets worth 27.4 billion Swiss francs ($18.57 bil- 
lion), up 13 percent from a year earlier. Exports soared 
to 3 billion francs, up 67 percent than a decade ago. 

Liechtenstein, with a population of 31,000 and 
about 23,000 jobs, relies on foreigners to fill its posts 
— only 38 percent of the country's jobs are filled by 

“Our idea to join the EEA was not to solve 
problems, as we had no major problems to solve,” 
said Hubert BuecheL, head of the Economics De- 
partment 44 We told our people that we are dependent 
on everything from abroad, from raw materials to our 
work force, and that .joining the EEA would help us 
keep the good conditions we already have here/' 

If Liechtenstein had rejected membership in the 
European Economic Area, it “would have been ab- 
solutely dependent on 
Switzerland,” said Michael 
Hilti, chair man of Liechten- 
stein’s biggest company, Hilti 
AG, a tool maker. “Even 
though we still have a good 
relationship with Switzerland, ' 
the door is now not closed to us 
elsewhere. ” 

Liechtenstein’s relation- 
ship with Switzerland was ce- 
mented in 1923, when the two 
lin countries signed a customs 
agreement In 1924, the prin- 
cipality adopted the Swiss 
franc as its currency, and the Swiss National Bank 
now functions as the lender of last resort for the 

Liechtenstein still benefits from the Swiss franc's 
stability as well as from low Swiss interest rates. The 
floor discount rate, which also applies for Liecht- 
enstein, is the lowest in Europe, and is at its lowest 
level since 1979. 

Almost half of-Liechtenstein’s exports go to coun- 
tries in the EU, while 15 percent go to Switzerland. 
Export items range from electronics goods to pre- 
cision instruments and textiles. Almost half of the 
labor force last year worked in industry. 

The principality, nestled between Austria and 
Switzerland, is the foarth-smallest stale in Europe — 
Monaco, San Marino and the Vatican are smaller. 
Vaduz, toe capital, bas no train station and no airport 

Liechtenstein is “a constitutional hereditary mon- 
archy upon a democratic and parliamentary basis,” 
as the government describes the system. Prince 
Hans-Adam II acts as head of state, and also foots the 
bill for the castle and his expenses. He is also one of 
Liechtenstein’s biggest taxpayers. 

Investor’s Europe 

Siemens Shares Retreat on Profit Warning 

Gn^bro-sefPnmDbpacbB billion DM from 24.2 billion DM. 
BERLIN — Siemens AG said “At first glance the figures look 
Monday its third-quarter net profit good, particularly foreign orders 
rose a gj-eater-than-expected 10 per- and sales,” said Klaus Repges, an 
cent as its international business analyst with Trinkaus Capital Man- 
surged, but the company's shares agement in Duesseldorf. nut I am 
dropped as it reiterated its forecast not sure toe gains are enough to 
thatprafiit growth for the year would justify toe huge rise in share price 
be flat. we’ve seen recently.” 

Siemens said net profit for the Analysts said they remained skep- 
three months ended June 30 rose to tical the company had done enough 
625 million, Deutsche marks to reduce costs to remain competitive 
($347.4 milli on)’ fronT568' million with European rivals. Siemens shares 
DM in the year-earlier period. fell 5-25 DM to close at 1 1 3.60. 

Third-quarter sales rose 19 per- The chief executive, Heinrich von 

cent, to 26.5 billion DM from 22.2 Pierer, said earnings in the current 
billion DM, toe company said. New financial year would only match last 

billion DM from 24.2 billion DM. be a ‘‘significant improvement” in 
“At first glance the figures look net profit in the following year. The 
good, particularly foreign orders chief financial officer, Karl-Her- 
and sales,” said Klaus Repges, an mann Baumann, said net profit 
analyst with Trinkaus Capital Man- growth in 1998 would exceed toe 6 
agement in Duesseldorf. 1 ‘But I am percent gain expected for sales, 
not sure toe gains are enough to Net profit for toe nine months 
justify toe huge rise in share price ended June 30 rose to 1 .7 billion DM 

from 1 .65 billion a year earlier. Nine- 

Analysts said they' remained sleep- month sales rose 10 percent, to 71.2 

tical the company had done enough 

DM in the year-earlier period. fell 5.25 DM to close at 1 1 3.60. 

Third-quarter sales rose 19 per- The chief executive, Heinrich von 

cent, to 26.5 billion DM from 22.2 Pierer, said earnings in the current 
billion DM, the company said. New financial year would only match last 
orders were up 19 percent, to 28.9' year’s, though he said there would 

billion DM from 64.5 billion. New- 
raders rose 14 percent, to 82.8 billion 
DM from 72.S bDIion DM. Growth 
came exclusively from international 
business, which accounted for 67 
percent of sales and new orders in toe 
nine-month period, Siemens said. 

(Bloomberg, Reuters ) 

Source." Telokurs liuernanmal Hmld Tribune 

Very briefly: 

• President Boris Yeltsin of Russia signed a decree that 
opened toe way for a diamond-trade contract with South 
Africa’s De Beers cartel, ITAR-Tass news agency reported. 
The decree authorized the diamond company AK Almazy 
Ross ii -Sakha to export rough gem diamonds. 

• Iberia's planned alliances with AMR Corp.’s American 
Airlines and British Airways PLC are not dependent on the 
approval of a separate agreement between American and BA 
by U.S. and European authorities, Iberia’s chairman said. 

• Adidas AG, the German sportswear maker that fought off 
possible extinction at the start of toe 1990s, is considered toe 
top candidate to be added to Frankfurt’s DAX stock-market 
index, probably to take the place of the beleaguered retailer 
Karstadt AG. 

• Aero International (Regional), a European plane-making 
venture based in France, said Northwest Airlines had ex- 
ercised an option to buy 24 of its regional aircraft for about 
$620 milli on. 

• United Utilities PLC’s board fired its chief executive, Brian 
Staples, saying it had lost confidence in him because of his 
management style, as it warned its results would fall “slightly 
below” expectations. 

• Coca-Cola Enterprises Inc. plans to buy the Coca-Cola 
bottling operations in Luxembourg owned by Sou ti rages 
Luxembourgeois SA for about $20 million //A P, Bloomberg ) 

Ad Sales Soar at FroSieben 

Bloomberg News 

MUNICH — ProSieben Media AG said Monday that 
its gross advertising sales rose by 21 percent, to 1.55 
billion Deutsche marks ($861 .5 million) in the first half of 
1997, more than double the rate of toe industry average, 
according to the research company Nielsen. 

Gross advertising revenue, which is calculated by mul- 
tiplying the amount of available advertising spots by a list 
once, rose 183 percent, to* 1.325' “billion DM at the 
ProSieben television channel and by 46 percent, to 222 
million DM at the company's Kabel 1 television channel. 

The television companies receive 60 to 70 percent of 
gross advertising revenue after discounts. ProSieben said. 


High Low Close Phot. 

>- V - 

Monday, July 21 

Prices !n toed currencies. 

Hgti Low Close 

Amsterdam abcmkoij* 


Atan Nobel 
Boon Co. 
Fortte Ara« 
' G-Sraccso 




I NG Group 





Oce Gotten 




Molten Ki an 

l 44 4440 
i 14V JO 14V70 
27128 282J5B 
VBA 0 151 

[ 4020 40JB 
109 JO 10950 
21940 22450 
3120 3180 
V? 9150 
6950 ®.90 
JOSJ 7070 
109 11060 
308 31120 
11*^40 117 

8950 VI JO 
9S20 9070 
"6090 70 

"4160 4430 
S3 8320 
6470 65.98 
332SD 33160 
246 251 

147.10 54® 

.9970 101 

219 221 

19550 19550 
19040 19040 : 
11640 11640 
10650 1073 
42010 4XM 
11030 11020 
4550 4150 
269 274 

Markets Closed 

Stock markets in Bangkok, 
Brussels, and Tokyo were 
closed Monday for a holiday. 








State 8k Mb 
Steal Authority 
Tfcta Eng Loco 

Copenhagen ££*!» 

0/5 171 2 B " 



380 371 375 368 

275 365 369- 370 

.985 m 960-985 

371 381 "38V 395 

72.10 749 754 770 

410410 400000 405000 430000 
285285 375000 384000 289000 
250 235 2S0 256 

Mm 754 76120 765 

804 784 Iff 10L25 

-JOOO -MUD- 965 990 

.397 . 388 390 - 401 

<15 385 . 400 .406 

439 37" 414 418 436 . 



Bk Bette 






• , Dafnderaem 

• J Degussa 

Deutsche B®* 












Pfartm <19653 

830 IMS 1820 
717 21850 223 

'JO '419.50 4505V 
174 1745Q 17950 

39 3920 3815 

50 68 70.15 

6620 5850 
M 8520 8280 
JO 7250 7520 
IH 8520 0920 
38 38 3350 

ISO 1451 1518 
180 180 198 

56 56.10 53JB 
20 14725 151.90 
71- "VI 9650 
20 10820 WB20 
JO 4225 4185 
JO 7780 7445 
158 35850 362 

JO 15DL20 155 

H7 317 338 

20 ' 1M 12050 

160 160" 1« 

30- 9750 103 

451 451 

40 80.10 80 

Htgb I 

Hoaehtf 8050 

Kootadt 675 

Irtroayer 8550 
Unde 1205 

LutHWOMl 3410 

MAN 538 

Mun w m n on n 790 
MekilgiisaJbctioft 38 

MmcbRueckR 6530 
Prousug . 54450 


SAPpftf 411 

Sdwtng 1M 

SGLCQroon 245 
5tanw» 114.10 
Springer (AkO 1668 
StKdzudter 905 
Thyssen 417 

VEW ,0 «5 

vSSswub™ HffiiSO 

Helsinki hexi 

Ease A 4950 

isr*" & 

Motto A 21J0 

ttetanB 171 

AMs»5ntaB 4450 


Orion- Vhtymoa 198 ' 
Oufoicunipu A 104 
UPMKynrant 13350 
Vabnet 8850 

Hong Kong 

Cloi* pnne. 

I 8050 83.10 
675 670 

85 8410 
I 1272 1293 
I 32J0 3615 
I 538 541 

782 803 
i 3730 38.45 
i m 21550 

6530 6660 
541 558 

JiM 7X*5 
40520 418 

19150 19650 
23650 253 

113J0 11855 
1668 1668 
904 906 

409 42650 
99 10216 
580 56V 

783 776 
. ' 1404 140550 

KM* tattac 2409.83 
Previous 348264 

.90 4750 49 

128 228 232 

160 SU0 5230 
50 77 78 

L80 2 MJ 2150 
164 165 17150 

JO 42JQ 45.10 
133 134 13250 

02 42550 438 

JD 198 197 

103 104 104.60 

50 130 134.60 

50 mlm pa no 

RMta nort 
Rost PMtaum 
Tiger Dais 

4550 4440 4490 4490 
7050 7025 7350 7050 
7550 75 7550 7550 

141 13VJ5 140J5 14025 
43 43 43 43 

59 5050 58J5 58J5 
219 21750 219 219 

77 76J5 77 77 

Kuala Lumpur cwpgteMgg 


Sa«K JO Mac 415428 
Pmlaas: 412481 

92250 882 92225 880 

1330 1250131550 1324 
486 475 481JS 

95J5 94 95 95 

50850 • 499 50425 W 
275J5 264 B13 272 

34750 34150 347 342J5 

330 32250 377.75 325 

2450 ZLZ5 . 24 25J5 

398 38190 . 396 387 




Wharf Hdgi 




Semen GroA 

Hig S ew p 1553438 
PnvSe*R 1557MS 
8 8.15 8.10 

32 3290 32 

1445 1470 14JS 
73.75 7450. 7450 
2550 2550 26.10 
4390 44 4430 

4630 4640 47 

46 4750 47 

9 JO 9J5 9 JO 

1180 1395 14 

109 . 115 111 

8J0 R40 &6S 

65 6650 67 

1595 1640 1615 
2&S) 3050 3090 

20.10 20 JO 2ai5 

480 488 5.10 

258 262 265 

6i50 6475 6475 
2350 2180 2350 
XLm 22J5 22J0 
1&40 TBJO 1175 
47JB 47 JO 48J0 
290 298 288 

1.15 1.17 1.17 
87 8850 89 

453 453 4JD 
B 755 

8 7-BS 

67 6750 68 

31.10 31 JO 3lJ0 
1750 1755 17 JO 


Prinite: 72400 

8250 8175 B 2 D 0 8390 

1850 1775 1850 1825 
1475 U 25 USD 1475 
9200 9250 9500 
4330 4025 4250 4450 

5450 5400 5600 5400 
7500 7450 '7500 7575 

«SS 0 9000 m 937 S 
4900 4750 6850 4875 

4025 3925 3925 4025 



Mqlfl owteg 




Abbey NaTT 888 

AUadDcmai 44B 

AogBon Water 7.88 

Asgns 642 

AsdaGtOW 149 

AkocBt Foods 5J8 

BAA 5.93 

BorOoys 12J5 

mm 8L25 

BAT bid 522 

Bank SCottand 429 

BbaOnle 427 

BOC Group m75 

Boots 826 

BPBInd 107 

BiBAerosp 1324 

BrilAInniS 492 

BG Z54 

Bril Land 421 

BlBPeBn 8.13 

1460 15 

11 JO 11.90 
2525 2575 

Scot Memusfc 
Sa* Power 
Seven Treni 

Smith Nephew 
Stand cSetef 
Tate £ Lyle 

Thames Wirier 
31 Group 








11 JO 

























Utd UflHSes 







Vendraoe LxotS 



































WPP Group 







High Low dOM Pretr. 

721 1JK 7.14 724 

4419 450 453 4 J 7 

260 255 255 2 J 0 

880 855 8 J 0 887 

427 421 424 425 

995 9 J 5 9 JB 995 

126 122 1.74 1.73 

11-85 11 J 8 11 J 0 1208 
742 727 727 742 

465 4 Ji 442 468 

7-42 7.17 7 J 5 725 

990 9 J 3 9.72 1038 

440 427 427 429 

438 420 420 441 

804 725 7 J 3 887 

489 478 482 489 

5 JM 498 498 585 

High Low Q os* Prey. 


Bee Mob Com 
Gaz Metro 
NalBk Canada 
Power Coro 
Quebecer B 
Ragan Comm B 
Rawri BkCda 

FTi5E UWt 4885JP 
PlMtaOB 487728 

845 8J4 886 

MS M « 
7 M 777 784 

632 645 &J0 

1 J 5 TM MS 
554 558 552 

SS® 582 481 

'a® ’S£ '§£ 

5.13 516 529 

4.14 620 425 

415 422 429 

1057 KL 58 1083 
887 824 8.16 

3 3 387 

13.13 13.15 t 327 





Johannesburg «jjg*jgjg 















Liberty Ufc 

3175 30 

260 m 

260 25850 
259 255 

197 19550 
1495 1475 
55 5475 
2540 25 

167 165 

31 3325 

Wi8J -3? 

1940 1865 
9550 95 

62 4175 
2340 2250 
2.16 103 
6150 65 

396 392 

MM> V* 
17 J 0 17 ^ 
9745 9125 
1850 1840 
10175 1 HL 25 

3295 3295 
263 2 a 

25879 25875 
252 252 

195 195 

1490 1490 
SS 55 

i!3 «S 

6255 6255 

1750 1750 
9675 9675 
1850 M 
10175 101.75 

Brit Start 156 

Brit Telecom 425 
BTR 1 . 9 B 

Burmati Castrot 1838 
Burton Gp 142 

CObla Wbaless 417 
CadbanScbw 593 
CmteaCoaiB 483 
Cnejmi Union 782 
Co m oros Gp 417 
Courts** 3.15 

DBm . 455 
EJetJroampotiotts 437 
Energy Group 454 
FumCatanM 171 
&.tt AoSdettf 899 
GEC 3 J 8 

GRN 1082 

aafflVWfcDtne 1339 
Granada Gp 770 
GrandMet 414 
GRE 290 

©resfflsaisGp 464 
Gams* 413 

GUS 4 T 2 

HsScHWgt 3?l® 
K 1 950 

tetpl Tehaca 382 

ixsr s 

LcmdSec 948 
Latino 260 

Legal GeniGtp . 455 
Lloyds TSBGp 470 
Lucas Vority 186 
MmteSpeneer 484 
MEPC _ 5 

as? ^ 

Manpower 552 
NaNferf BJ 2 

Meta 784 

NomidlUlten ISO 

Orange 2.10 

p«J 6 ^ 

tenon 470 


PtowwGai . 788 

ProcierFamdi 4 » 
PiutentU 5 te 
MbodiGp 758 

^ ii 

MS'*. t» 

tsr-"* s 


Bi’eSs is 

RTZrag ^ 1018 

Stetabmy . 4 X 
Sdndera 17 JB 



4 J 4 


Gas Natal 



2 X 2 

2 X 1 




4 X 9 

4 X 1 



8 X 5 







1 X 4 

1 X 4 

1 X 5 

1 X 4 






T ebtenkx 


1 X 4 

1 X 5 

1 X 9 


1022 IOJ6 1048 

1-30 1 J 2 132 

496 401 413 

583 586 558 

471 473 487 

473 494 482 

410 414 410 

385 388 3.16 

555 444 582 

*31 431 441 

447 450 651 

478 481 494 

158 1.69 170 

883 BM 9.19 
056 056 350 

988 988 S &07 

1308 1318 1356 
7-53 787 787 

482 406 426 

286 289 297 

458 463 461 

484 408 419 

598 59 B 411 

578 580 483 
1983 1977 2 D 
986 9.14 958 

170 177 373 

753 757 7 J 7 
Z 55 2 J 7 2 J 8 
M 0 953 957 
2 J 5 2 J 0 2 J 4 

416 419 458 

447 457 694 

183 185 185 
574 580 584 
493 497 499 
1252 1253 1271 
154 12 19 
559 146 547 

883 057 3 J 9 

750 751 752 

311 115 119 

286 2 JQ 7 289 
412 412 685 
463 463 671 

150 152 150 

778 783 780 

476 480 480 
553 552 685 

750 756 757 

138 342 353 
983 9 JB 957 
197 2.97 258 

558 6 45 S 

285 287 111 

SJS 8 194 416 

283 146 288 
953 161 9 J 6 

119 119 25 S 
657 433 437 
958 1084 1057 
476 482 588 
384 109 387 
450 453 429 

1755 1755 1433 


AwtaLand - 
CAP Homes 
Mania Sec A 
Metro Bank 
POBanfc „ 
Plrit Long test 
5 anMigualB 


Ate A 




Entp Modem 

GpoF Banner 
Gpo fin bibwa 
Tetetrisa CPO . 




Boa if Rama 









Metteb anca 






Rato Banco 
State Torim 

Bolu Index: 59195 

26440 26720 26950 
1725 1795 1790 

5970 6060 6100 

8470 8560 M 3 
12700 12810 12810 
U40 14 JD 1450 
25000 25500 25500 
5770 5900 5960 

3378 ® 34600 341 QK 
4265 *325 4450 

4800 4873 4900 

3400 35 T 8 1 3550 

8470 8680 8800 

11 730 11890 11950 
1200 . 1U0 1215 

30010 30370 30370 
1690 1695 1720 

3065 3273 3200 

. 617 ® .6258 S 32 B 
13 JB 1450 1440 

7300 7800 3001 

4065 4110 4225 

1210 1220 1235 

2515 2535 2560 

PSE iadroc 2 M 8 J 4 
Pretteas: 267195 

1730 1780 1835 

2275 2175 23 

156 * 156 162 

9.20 9 JO 9 JO 

83 8150 83 

i i I 

59 5950 63 

780 780 780 

Baba iadac; 468986 
Piwtaero 472086 

5580 5680 5680 
19J6 19J6 2000 
3190 37.10 37 JO 
1136 1136 1178 
4400 4400 
£80 5580 5780 
147 149 289 

xix ita Kiin 

3180 3110 3110 

kbjoo iteiio moo 

1980 1984 1980 

MIBTckraeflac 1462680 
Pnvtees: 1641 X 6 

•200 15550 16000 16100 
1400 4238 4400 43 M 
1320 5673 6320 5850 
490 1420 1431 1468 
950 27300 27500 27800 
m 3450 16m 3485 
1950 8650 8765 8710 
000 70050 10335 10225 
375 6120 6285 6930 
200 35100 36000 36650 
«D 15900 16070 15860 
710 29 » 2640 2715 
K 30 5750 5790 5775 
325 7555 8095 7650 
MO 11900 12390 12600 
224 1186 1206 1719 
490 460 461 461 

490 2425 2490 2«0 
840 4735 4740 4795 
540 14 M> 15540 15350 
000 21900 22950 22500 
500 14050 14200 14600 
880 10700 10710 10710 
915 5595 5805 5800 

Hafriena n 
Kramer Asa 
[tank Hydro 


mw Asa A 

Tronsocam Off 
Storebrand Ate 

fndastriataiKtaq 358186 
PraitaUK 365U3 

L 15 4 » 46.15 46 

-65 27 J 8 27 JO 27.65 
JO 39 . 2 S 39 JO 39 J 5 
44 41 J 5 41 X 5 43 

1 X 5 1814 1 BJ 50 1155 

2 M 32 M 321 » 32 » 

3 H 4216 42 J 0 42 M 

1 M 311 * 311 * 31 U 

jo tom an* 21 

.10 17 X 0 17.90 18 

6 M 36 W 36 J 5 36 M 

34 33 W 34 34 J 0 

W 2755 278 ® 27 ® 
X 0 9.90 9 .» 10 JO 

XS 67 67.15 67.95 

OBXtadWC 67053 
PtntalB: 67855 

146 147 152 

182 188 18750 

2 5X0 2500 26.10 
3D 3020 30 

140 14650 14450 

45 45 4650 

430 436 440 

385 388 398 

278 380 282 

136 136 13650 

505 537 555 

357 361 363 

141 142 144 

144 144 14650 

603 605 605 

47 JO 47X0 47X0 

Palis CACr4fc 2874.12 

PraytoVK 2874J9 

Accor 918 893 917 918 

AGP 19980 195.10 19850 2035S 

Ak-Uniide 94Z 915 938 936 

AtcntdAWb 747 72B 743 732 

AXA-UAP 382J0 mM 381JD 380 

Banodm JB7 JOi W 710 

B1C 945 921 945 930 

BNP 251 243.10 24680 248 

Canal Plus 1098 1070 loss 1099 

Crerefaor 4096 4010 4072 4050 

Cube 285X0 280 284 282 

CCF 252.10 24WB 250 250 

CeMem 683 673 681 681 

ChrirtfanWar 1000 786 986 10CO 

CLP- Eteia Finn 589 553 589 569 

Credl Agitate 126ai0125SJ0126aM 1286 
Danone 943 92B 941 946 

Of-Aqotktee <59 645 659 661 

Eridania BS 864 820 B53 854 

Eurodfcney BJO MS 8J0 129 

Euratumd 6J5 685' 685 650 

Gen. Etna r/y 711 721 734 

Haros 401 39550 399.90 399 

Mat 792 778 792 7BB 

Intone 381 376.10 3 E» 381 

Learand 1162 1135 1140 1143 

mrnd 2444 23 ^ 2441 2400 

LVMH 1 S 72 1530 1564 1577 

SuerbrnEaw 678 662 669 682 

MMiSrB 36190 350 JO 356 364 

Paribas A 399 X 0 389 396 3 » 

Pansod Riand 302 296.10 3K 301 

PeugentOI 588 575 m 

PtaauOtant 2835 2702 2629 2732 

Pirenodes 2490 2370 2477 2450 

Heonutt 159 149 lSi» 153 

Rh»I 1700 1681 1700 1680 

Rh-tateftCA 24170 217 X 0 242 J 0 247 JO 

50 HO 8 537 526 m SX 

Sdstedw 332 X 0 3 I 5 J 0 329 323 X 0 

SEB 1045 1015 1016 1031 

SCS Reason M 88 » 

SteGeniafe 720 702 710 715 

Sodato 3086 3026 3046 3075 

SLGobabi 842 825 831 B 52 

Suej . 1655 16.10 1630 1655 

Srnfliettjo 757 755 760 765 

TMOHCbCSF 164.90 1118 164 J 0 164.10 

TutoJB 581 566 575 577 

Usinor . ' 11140 112 J 0 114 11350 

Video 399 389.10 39750 3 M 50 

S 3 o Paulo 






Sua . 

Brahma Pfd 

— . Ptt 


rtsraoiiBi PfS 
5M National 
Souza Ora 

9 J 50 10 X 0 
801 X 1 800 X 0 
51 X 9 51 X 0 
6849 6 BJ 0 
19 X 0 19 X 0 

509.00 500 X 0 
565-00 569 X 0 
538 X 0 535 X 0 
416 X 0 422 X 0 
279 X 1 283 X 0 
181 X 0 182 X 0 

34 X 8 34.10 
9 JO 9 J 4 

13950 140 X 0 

165.00 16451 

148.00 149.50 
320 X 0 325 X 0 




Etatnwo Heavy 

Korea El Pwr 
Karoo Endt B* 
Korea Mob Tel 
LG Serococ 
Pohang Iron St 

Samsung Dtabnr 



1140 10X0 UJ0 11.15 

Cwap u Beiu d ro. 740 X 3 
Prevtow: 747 J 7 

102000 99400 1 01000 99900 
7000 7550 77 B 0 7740 

21900 21400 21400 21800 
12500 11600 17180 11508 
27700 27000 27380 2780 S 
5400 5139 5310 5100 

504000 496000 503000 497000 
39300 37400 38500 3 W 0 
64700 63200 64200 64000 
46600 45100 46000 45900 
70000 <PM 0 68800 60100 
9600 9300 9600 9300 

Singapore **a~ji« 5 g 

Asia Poc Brew 



HK Land* 
Jard Strategic 

£S5 Im 



OS Union 
Parkway Hdgs 
Stag Air ic 
^>pLond _ 
Stag PrenF 
Sing Tech Ind 
UM Industrial 

US dafkwx. 

5 J 0 540 

5 X 0 5 . B 0 
13.90 13 J 0 

nm S 2 J 0 

0 X 3 0 X 0 

19 JO 19.10 
444 451 

TOJ®' 9 JO 
2 X 7 252 

7 695 

164 356 

3 J 9 166 

178 3M 
4X4 4X0 

4 J 2 4.12 

1550 IS 
9 JO 9 X 0 
650 6 JS 
6X5 4J0 

13 J 50 13 J 0 
7 J» 7 X 5 

2 BJ 0 27 X 0 
3 X 8 172 

2.78 2 J 5 

2 X 9 US 

1.10 1 X 8 


4J2 4.14 

5 JO 550 

5 X 0 5.90 

13 X 0 13 X 0 
12 J 0 12 X 0 
0 X 0 0 X 1 

1950 19.10 
458 454 

10.10 9 X 0 

252 257 

7 695 

356 352 
168 3-78 

3 J 8 3.78 

4.94 4.76 

4 J 8 <12 

1140 15 JO 
955 9 JO 

650 650 

4 XS 665 
1350 13 J 0 
7 J 0 7 J 15 

2630 2160 
3 X 6 374 

2 J 0 253 

2 X 8 2 X 3 

1 X 9 1 jB 8 
1610 15 JD 
4 J 2 <10 





Astra A IX 

Arias CapooA 



rriurrnn D 

enssan s 


Investor B 



Scania B 

Skaruta B 
5KFB ^ 






Brambles tod. 

CC Amatl 

OriteMy te 





Land Lease 




SI Seam Bank 

SX 16 todac 34102 


IQS 107 107 

106 10750 10750 
231 234 235 

145 146 148 X 0 

miSS 239 23550 
288 29250 29150 
6 Z 1 630 640 

331 336 32950 

11950 32 9 325 

677 680 690 

404 m 417 
16550 268 274 

255 260 261 

284 2875 290 

(4150 24750 245 

0050 231 236 

6350 167 170 

89 8950 9158 
11259 316 325 

14350 346 353 

214 21550 218 

169 17250 172 

127 128 12950 

250 2 SI 25450 
2450 204 20750 

AlUntemtos: 2653X0 



850 143 

1111 9 . 9 B 

1843 18 X 8 

196 191 
2665 26 X 5 
1623 16 X 7 
1613 15 X 0 
660 648 

691 6 M 
<94 <86 

257 254 

1 X 1 1 X 6 

1275 1257 
28.10 27 X 0 
177 124 
19 J 2 19.15 

115 no 

626 614 
353 358 
4 X 8 4 X 1 

8 774 

2170 2151 
845 636 

7.91 7.46 

B 7 X 2 
1120 1695 
<10 <01 

650 854 
10 X 6 1615 
1610 1156 
195 197 
2651 2674 
1622 1625 
15.91 1651 
649 655 
6 X 6 690 
<91 <96 

257 257 

1 X 8 1.92 
1170 12 X 0 
27 X 1 2630 
1.76 1.77 

19 J 2 19 J 8 
2.10 117 
616 626 
162 357 

<85 <90 

778 605 
2142 21 X 0 
641 045 

770 7 X 7 
7.98 750 

11.12 11.15 
4 X 3 <12 

The Trib Index 

PnCws as ot 3P0 P.U. New Tort ttara 

Jan. t. 1992 - 100. 



% change 

year to data 
% changu 


World Index 




Regional Mum 











N. America 





S. America 
Industrial Indexes 





Capital goods 





Consumer goods 




















Raw Materials 















The Memallonal HeraJd Tribune Worm Sax* tnctexO tracks tfw U.S. (War values ot 
280 msamabonabr imastattte slacks tmm 25 countries. Formate attatmarian, a (me 
booklet is aratette by writing m Trig Trib Max.781 Avenue Charles og Goubp. 

92S21 NeuOy Cetiax. France. ComfOod by Btoombetg Nows. 

High Lew Q roe Pm. 


Cathay LHe tns 

□tea Steel 
Fannasa Plastic 
Huo Man Bit 
Ml Carom Bh 
Nan Ya Pintles 
Site Kong LHe 
Tataron 5 em> 
(ltd Wctad ate 

Stock MOM Mm 983877 
Previaas: 947748 

158 14650 157 146 

133 117 133 11650 

8550 81 84 81 

181 173 175 184 

32 29X0 3170 -2W8 
I34J0 119 13458 118 

6950 6550 69 65 

735 120 135 TIB-50 

70 UL50 70 6350 
7&5B' 7350 7650 73 

125 116 1145® 115 

m 145 14850 158 

5050 49 5050 49.1® 

160 145 14450 162 

68 62 6750 62 

TdW 2455 

Thomson 34 

TarDaroBank 43 X 5 

Traraatta 16 ** 

TronsCda Pipe 28 X 5 

Trfmrob Rnt 6945 

Trine Haim 29 X 5 

TVXCrd 460 

WestcorotEny 27 JO 

Weston 95 

ttb STo 

3340 33 M 

OX 4415 
1655 W» 
27 rn 28.05 
67 M 69 

2940 29 X 5 
645 645 

27 27 JO 
92 M 94 


ABierta Enatgy 






BC Telecomm 


















Ftteunb ridge 


Franca Neroda 

GtMfCda Res 



1 PL Enemy 

Leewn Group 
Magna Inti A 

Nihant Tetocom 






rtKQ rwmi 

Rogers C ontotB 

Tetatfo be 

TSE ladesMte: 6652X7 
PiMtonw <23619 
27 JO 2665 2465 2740 
3245 3170 31X0 33 

47X5 47.38 47% 47.70 
1740 17.10 17.10 1740 
5690 5405 5620 57 

6414 63-90 6350 6440 
3145 3 t)M 30X5 3145 
4114 <48.90 41J0 42U 

3455 3316 33W 3455 

3555 34X0 3555 341* 

3S* 31W 31W 3» 
35X0 3570 35J0 3S.S8 
50 49K 4945 SS 

» 37X0 37X0 38H 

6660 «6M 66W 6816 

2514 35 3S 3430 

3540 W* 351* 3SX0 
3 W* 3630 . 38U 39U 

O 38 3610 m 
30X0 3610 3610 30X0 

13.10 12X5 12X5 1310 
3140 31.10 31.10 3140 

31 3055 31 2D¥i 

23X5 2315 2340 23X6 
4314 42X5 43 4X10 

398 397 398 398 

27JB 2685 2670 2685 

2*4 23 23U 23J0 

a 62.10 62H OK 
1145 lUO UJO 1145 
69*4 6615 66JQ (690 
40X0 4045 4655 4016 
5816 4944 49X0 50X0 
HX0 2014 2040 2(Ht 
49 4645 4845 4M 
1945 19 19K 19J0 

B9W B7J0 87% B9Ut 
13 UM 13» 13 

27X0 3620 2615 
mm 6755 
2635 2740 

33* 33 _ _ 

14H 137W 13744 14TW 
1110 12 12 12X5 

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PAGE 15 

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r, Bloomberg News 

*■ SINGAPORE — The stock mar- 
i ket jumped Monday as a 9 percent 
£ rise in June exports was seen as a 
r sign that the economy was gathering 
j- steam again. 

^ “Things are picking up, and 
l j there’s a positive trend of growth,” 
;• said Ng Bok Eng, an economist at 
<■: Dai wa Institute of Research (Singa- 
i pore) Pte. 

' ■ The benchmark Straits Times in- 

dex of 30 stocks rose 26 .52 points, 
or 138 percent to 1,950.75. It was 
the index’s biggest one-day gain 
since May 12. Among the best per- 
j formers, Sime Singapore Ltd., a car 
■. dealer with interests in construction, 
- rose 7 cents, or 7.6 percent, to 99.5 
■: Singapore cents (68 U.S. cents). 

The 9 percent rise in exports was 
; larger than analysts expected, bat it 
was doe in part to a low base of 
comparison m June 1996. 

' “It’s easy to point to the good 
numbers as a result of the low base 
in June ’96,” Mr. Ng said, “but 
there’s also a month -on-month in- 
3 crease in non-oil exports, which is a 
good sign.” 

Singapore ’8 non-oil exports are a 
barometer of demand for goods 
manufactured in Singapore. 

June’s export figure was up 0.5 
percent from the total for May. 

Investors will now look to July’s 
export performance for signs of a 
. trend,, said. DawdXeo®^ a senior 
analyst at HSBC James Capel Se- 
curities (Singapore) Pte., adding 
that comparison could be difficult 
because July’s figures “will take 
into account the recent volatility in 
Asian currencies.” 

The broader DBS50 Index, which 
includes banks and property stocks, 
rose 7.08 points, or 1.41 percent, to 
y 508.18, its highest since July 8. The 

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ng the best per- When the fishing season begins in August, local fishermen intend to blockade ports throughout 
ipore Ltd., a car India if they spot foreign vessels, which have been accused of overfishing in the region. 


percent, to 99.5 
U.S. cents). 

Raid Escalates Manila Beer War 

ana Sembawang Corp. were among 
the stocks posting a gain. 

CoagOrd bfOw Sag From Dispatches 

MANILA — The long-running 
feud between the two largest brew- 
ers in the Philippines reached a new 
level Monday as San Miguel Corp. 
said Asia Brewery Inc., its com- 
petitor, was responsible for a 
“Gestapo-like” raid on one of its 

But Aria Brewery accused San 
Miguel, die market leader, of hoard- 
ing about 2 million Asia Brewery 
bottles to try to drive it-out of bus i- 
.ness._The acc usations w ere only the 
latest torn in acorporate conflictlhst 
has been fought in the marketplace, 
in the courts and in Congress. 

“This is a continuation of their 
pursuit to destroy and annihila te 
Asia Brewery,” Guillermo Pecache, 
the brewer's president, said at a 
press conference. “They will not 
stop until we're dead and buried.” 

Mr. Pecache said a court official 
and police, accompanied by Asia 
Brewery officials, searched a San 
Miguel brewery complex in Pam- 

panga Province, north of Manila, on 
Friday. He said they had found 
about 2 million empty bottles of 
Asia’s' local beer ana other brands 
that it distributes stored in about 
137,000 plastic cases stacked at the 
back of the property. 

He said many bottles been 
destroyed and some of the red plastic 
beer cases had been painted over and 
marked with San Miguel’s logo- 

San Miguel officials acknowl- 
edged the bottle cache but disputed 
its^xact size and said they had been 
accumulated during the life of a 
bottle-swapping agreement that 
ended five years ago. The painting 
of San Miguel logos was done by 
“unauthorized persons,” they said. 

“We feel that San Miguel has 
been terribly wronged,” Francis 
Jardeieza, that brewer’s senior vice 
president, said. “We will want to be 
vindicated in court.” 

San Miguel controls about 81 
percent of the country’s brer mar- 

ket, and Asia Brewery essentially 
has the other 19 percent, according 
to estimates by iNG Baring Secu- 
rities Philippines Inc. 

Mr. Pecache said San Miguel’s 
hoarding of its bottles and cases had 
led to shortages of the materials and 
driven up production costs at Asia 
Brewery, which is controlled by Lu- 
cio Tan, a beer, airline and tobacco 

Raymundo Quiroz, an Asia 
Brewery lawyer, said that after 
learning of the hoard, the company 
charged San Miguel with unfair 
trade practices, a civil action, in a 
Manil a court last week, seeking 
damages of more than 100 million 
pesos ($3.5 million). The court then 
issued a search warrant that was 
used in Friday’s search, he said. 

Bat Mr. Ptecacbe said that after 
discovering the number of bottles 
and the tampering with plastic 
cases, the company decided to in- 
crease the claim and file criminal 
charges. (Bloomberg, AP) 

Talk of Pact 
With Taipei 
Helps H.K. 

Telecom Rise 

CeepiUby Our Sufi Frem Dispatches 

HONG KONG — Stock in Hong 
Kong Telecommunications Ltd. 
rose to a record Monday after a 
report said it might swap shares with 
foe Taiwan government’s telecom- 
munications unit 

An official at Chunghwa Tele- 
com Co., owned by Taiwan’s Min- 
istry of Transportation and Com- 
munication, said foe company had 
begun talks on swapping shares with 
its Hong Kong counterpart. 

An investment in Hong Kong 
Telecom, controlled by Cable & 
Wireless PLC of Britain and partly 
owned by Chinese companies, 
would help Chunghwa’s expansion 
in Asia, said George KJ. Lee, vice 
president of the Taiwan company’s 
global-development business group. 

He said foe companies had begun 
discussions and expected formal 
talks to begin “after Chunghwa’s 
shares go public” next year. 

Chunghwa has proposed to 
strengthen ties with telephone 
companies in Hong Kong, China 
and Singapore, he said. 

A spokesman at Hong Kong Tele- 
com declined to comment. Hong 
Kong Telecom closed at 20.25 Hong 
Kong dollars ($2.61), up 10 cents. 

Scree analysts, however, said 
such a deal was unlikely because 
China viewed telecommunications 
as a strategic industry and considered 
Taiwan a renegade province. 

(Bloomberg. AFX, Reuters} 

■ Stocks Rise in Taiwan 

Taiwan shares rose to a seven- 
year high after foe National As- 
sembly passed legislation authoriz- 
ing government sales of sharehold- 
ings in banks and other companies, 
Bloomberg News reported from 
Taipei. Taiwan’s benchmark index 
rose 84.47 points, or 0.87 percent, to 
close at 9,833.77. 

BSKYB: Fears of Nepotism at U.K. Broadcaster IMF : A Quick-Fix Loan Arranged for Philippines 

■ >r - 

< ■ ■;"» ™r=.r> 

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Continued from Page 11 

his daughter — without much 
room to maneuver.” 

, u But he would have hada 
strong incentive to stay. Both 
he and Mr. Chisholm held un- 
usual positions in the Mur- 
doch empire, where high pay 
packagesarenot routine. Mr. 
; Chishoini took home $13.8 
million id. salary and bonuses 
over foe past two years, while 
Mr. Chance was paid $5.5 

Mr. Chance, in a brief tele- 
phone interview, would say 
only, “It was a personal de- 

Neither die Murdoch fam- 
ily nor Mr. Chisholm returned 
phone calls for comment 
^ - The corporate changes at 
'BSkyB .unnerved investors, 
who showed their dfeappoint- 
ment by sending BSkyB’s 
stock down 4 percent on June 

A day later, Britain’s In- 
dependent Television Com- 
mission forbade BSkyB from 
joining with Carlton Commu- 
nications PLC and Granada 
Television PLC to offer con- 
sumers digital broadcast tele- 
vision. The decision signaled 

foe British government's de- 
termination to take a tougher 
stand on BSkyB’s control of 
satellite and cable entertain- 

In' responseT “shares "of 
BSkyB fell an additional 8 
percent on June 18. The stock 
has fallen further since, clos- 
ing Monday at 428 pence 
1($7.19), down 15 from Fri- 
day’s close and far below foe 
588 pence at which the shares 
were trading before the two 
executives resigned. 

Still, the British ruling last 

month allowed BSkyB to* re- 
tain foe right to deliver its 
entertainment services on foe 
new digital broadcast televi- 
sion service, and many ana- 
lystsviewed the ruling as only 
a minor setback. 

instead , many saX9| nepot- 
ism was foe big issue. “The 
market doesn’t like it” Ms. 
Barton said. “No one likes to 
see sons and daughters 
pushed into manag e ment po- 
sitions. In most cases, they 
may not be foe best person for 
foe job.” 

Continued from Page 11 

a $435 mill i nn credit line. The 
emergency loan should help 
Manila defend foe peso and 
rebuild its reserves. 

Manila ’s request was ap- 
proved within a week, an ex- 
tremely quick turnaround, un- 
der foe Fund’s emergency 
financial mechanism that was 

set up in September 1995. 

While a senior Fund offi- 
cial said foe Philippines qual- 
ified for the new credits under 
normal criteria, he also said it 
was “a good occasion to try 
out these new procedures,” 
made easier by the fact that 
officials of the Fund were 
already in Manila negotiating 
a review of foe Philippines’ 

current IMF loan program. 

In return for foe credits, the 
Philippine government 
agreed to continue to keep in- 
terest rates high, to reduce in- 
flation to 6.5 percent in 1997 
from 8.4 percent last year, to 
keep its budget deficiT to 4.5 
percent of gross national 
product and to try .to pass foe 
rest of a tax.-reform package. 

Brown Brothers Harriman & Co. 


Peter Celranls L 

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rare projects, potential business part- 
dimate under the new political and 

Business Established 1B18 




Cash and Due from Banks $ 219,760.308 

U.S. Gtwemment Securities 

Direct and Guaranteed 151,129.635 

State and Municipal Securities 62,221 .970 

Federal Funds Sold 212.940.000 

Loans and Discounts 971,581,544 

Trading Assets 98,106,404 

Customers' Liability on Acceptances ' 22,494.448 

Interest and Other Receivables 67.015.063 

Premises and Equipment, Net 45,898,931 

Other Assets 17,361,113 

$1 .BBB.5Q9.416 

. ‘ Jl -if-’ ! 

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Federal Funds Purchased and Securities 

Sold Under Agreement to Repurchase 

Trading Liabilities 

Acceptances: Less Amount in Portfolio 

Accrued Expenses 

Ocher Liebifties 



: $1,452,685,578 







. 000.000 



Lr ~ iriachme tools, ; toriiles, food, 

- L ' r. j- 1 . JMmlinent' opportunities in trans- 
: : textile^ food, 

• t <4 x * <• . rm ~ nrrummrrip pmnftmir 

Peter B. Bartlett 
Brian A. Boris 
Walter H. Brown 
Douglas A Donahue, Jr. 
Anthony T. Enders 
Alexander T.. &cHer«z__ - 
T. M. Farley 
Bbridge T. Gerry, Jr. 

Robert R. Gould 
Kyosuke Hashimato 


J. Eugene Banks 
Granger Cosdcyan 
Wfflam R. Driver. Jr. 

Ferdinand ColloredoMansfeld 

Noah T Herndon 
London Hilliard 
Radford W. Kbtz 
Michael Kraynak, Jr. 

T. Michael Long 
HSmptor S. Lwch, Jr. 
Michael W. McConnell 
William H. Moore HI 
Donald 8. Murphy 
John A Nielsen 

Etoridge T. Gerry 
John C. Hanson 
Frank W. Hoch 

Eugene C. Rainis 
A. Heaton Robertson 
Jeffrey A. Schoenfekf 
Stokley R Towles 

Lawrence C. Tucker 
Maarten van Kengel 
Douglas C. Walker 
Laurence F. Whittemore 
Richard H. Witmer, Jr. 

R. L. Ireland 111 
William F. Ray 
L Parks Shipley 

-Hebert E. Hunter, jp. - 

Kate Ireland 

sam piDgraimne, economic., 
td mvesmient incentives. 

• .* 7 * ■ r > i Bidgana presented by. 

rAAirirtrttviii* : - 

Depose Accounts ■ Commerciai Loans and Discounts 
Commercial Letters of Cretit and Acceptances • Foreign Exchange 
Domestic end Internationa! Corporate Financial Counseling 
Merger and Acquisition Services . 

GtobaJ Custody or Securities 




Domestic antf Intematioral Investment Advisory Services 

Institutional Investment Services 

Personal Financial Services 

Brokers for Pirchase and Sale of Securities 

Members of Principal Stock Exchanges 

Fiduciary sarvieas ore pro v i de d through Brown Brothers Hamman Trust Oimpar^, New Yuri, Brown 
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Com pany ol Teas. Dates, and Brown Braba nt Hamman Trust Company [Cayman) Limited. 

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Source: Teiekurs 

lokmaiioDsI Hcrild Tribune 

Very briefly; 

e Australia instructed its diplomats to repair relations with its 
island neighbors in foe Pacific Ocean after a leaked top-secret 
document showed foe government had dismissed some of foe 
nations’ economic policies as “mayhem.” 
e Indian government employees will stage a one-day strike 
Tuesday to protest ‘ ‘discriminatory ” pay raises. The Times of 
India newspaper reported. 

• Kia Group sold 9,800 vehicles Monday, 10 times its daily 
average, thanks to price cuts and a call by civic groups for foe 
public to support foe South Korean conglomerate’s fight to 
avoid bankruptcy. The carmaker’s unions, meanwhile, agreed 
to forego their bonuses, monthly allowances and holiday 
allowances until business improved. Separately, the company 
denied it had a plan to raise 3 trillion won ($3.36 billion) 
through asset sales. 

• China posted a budget sarplus of 38.85 billion yuan ($4.67 
billion) for foe first six months of 1997, fueled by an increase 
in a tax on stock trading and reduced payments of export-tax 
rebates, the Xinhua news agency reported. 

• Chevron Corp., a U.S. oil company, said its plans to build 
a 2 billion Australian dollar ($1.48 billion) natural-gas 
pipeline from Papua New Guinea ro Australia’s Queensland 
state bad been delayed at least three weeks by an inquiry by 
Queensland's state government 

• China United Telecommunications Corp., foe country’s 
second-largest phone company, won approval to operate 
fixed-line "service in Shanghai, China’s biggest city. The 
service will be operated with Sprint Corp. of the United States 
and is expected to begin operations in early September. 

• Renong Bhd. is negotiating to buy another 1 percent of 
KTM Bhd.. Malaysia's national railroad company, from 
Diversified Resources Bhd, raising its stake m the joint 
venture to 51 percenL 

• China's central bank plans to order curbs on price cutting in 
foe insurance industry as an increasing number of companies 
challenge the former government monopoly. People’s In- 
surance Co. (Group) Of China. . Bloomberg, AFP. Reuters 


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PAGE 18 

Philadelphia Trades 
Veteran Daulton 

baseball Darren Daulton. the 
pillar of the Phillies* 1993 World 
Series team, was traded Monday to 
the Florida Marlins for outfielder 
Billy McMilion. 

“"What we're doing now is right 
for everybody.** Daulton said at an 
emotional news conference at Vet- 
erans Stadium on Monday. “I grew 
up from being a boy here to being a 
man. and I ‘11 always respect that.'* 
As a veteran. Daulton had the 
right to veto any trade. He has spent 
13 years with the Phillies and 17 
years in the organization — the 
longest tenure with one team of any 
active National Leaguer. 

Daulton. 35. had told the Phillies 
he would prefer going to a contender 
in the American League that could 
use him as a designated hitter. 

McMilion. 25. has hit .299 in five 
mi nor- league seasons. (API 

FIFA Delays on Ronaldo 

SOCCER FIFA, the governing 
body of world soccer, put off a 
deci sion Monday on Ronaldo's dis- 
puted transfer from Barcelona to 
Inter Milan, .saying the two clubs 
should work out an agreement be- 
tween themselves. 

Officials of the dubs met for 
more than four hours but failed to 
reach a deal on the 20-ycar-oId 
Brazilian’s disputed move to Inter. 

FIFA said it would not make its 
scheduled ruling Tuesday. (API 

Sabres Hire Ruff as Coach 

ice hockey Lindy Ruff, the 
former captain of the Buffalo 
Sabres, was hired as coach of the 
team Monday. He replaces Ted No- 
lan. rhe NHL coach of the year who 
refused a one-vear contract exten- 


Ruff, an assistant with the Flor- 
ida Panthers since the 1993-94 sea- 
son. received a multiyear contract. 
Despite a fan uproar'ai the depar- 
ture of Nolan, the Sabres president, 
Larry Quinn, said he was confident 
Ruff. 37. would be accepted. (AP J 

An Urgent Victory 

golf Billy Ray Brown, playing 
with “a sense of urgency" after 
losing his PGA Tour privileges last 
year, shot a 5-under-par 67 Sunday 
to win the PGA Deposit Guaranty 
Classic in Madison. Mississippi. A 
birdie on the 1 8lh hole gave Brown 
u l-.shot victory over his former 
University of Houston teammate. 
Mike Standly. (AP) 

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IN PAIN — Linebacker Nate 
Newton suffering at the Dallas 
Cowboys camp in Austin. 

'\i\r 7 

n: .*■ ' ' ; ; » . 



TUESDAY, jUUHg, 1997 

Leonard Drives American Ryder Cup Ambitions 

International Herald Tribune 

T ROON, Scotland — It was 
enough to make Tom Kite leave 
the airoort and bead back to the 
golf course. Kite is the Ryder Cup cap- 
tain of the American team, as well as a 
fellow Texan of the new British Open 
champion, Justin Leonard. Leonard is 
something of a prot£g£ of Kite's. He is 

not gauge his position on tie leader^ 

Open Golf/ Ian Thomsen the 10th hole, Troon becomes a 

in tour that offeis more aggressive and ^ bi ^spmLgo- Sf S 1 ^ 3 yb^LeonSd benefit^^i-. 
- he is its No. 1 ing back to the ignition of Woods s mon- his driver ftrelw 

i seeking a record strous professional debut last summer ^muta ns. tec 

also the newest playing member of an 
American team that is looking altogeth- 
er more promising. 

“The first thing he said to me was. 
‘Welcome to tbe team.* *’ the 25-year - 
old Leonard said about Kite after Le- 
onard’s third professional victory and 
first major title. * ‘You know, Tom is my 
idol. We had dinner early on in the 
week. He said, 'You're 10th on the list 
Why don’t yon go ahead and take care of 
the Ryder Cup this week?’ ” 

The £250,000 ($419,000) first prize 
vaulted Leonard to third in the Ryder 
Cup standings. Trends could change in 
the next two months, bat the American 
team headed for Valderrama in Septem- 
ber is led by players just now coming 
into bloom — Tiger Woods, Leonard 
and even 38-year-old Tom Lehman. 

By comparison, the European leader 
is Colin Montgomerie, who has failed to 
win a major championship while breez- 

Gcny Peony/Agencc Pnacc-Ptan 

Justin Leonard wiping away a tear 
during a speech he made after 
winning the 126th British Open. 

ing through a European tour that offers 
him little challenge — he is its No. 1 
winner all-time, and is seeking a record 
fifth straight earnings title. The other 
regulars — Ian Woosnam, Bernhard 
Langer and Nick Faldo — are all 40 and 
were showing signs of declining in- 
spiration this week. 

The European captain, Seve Balles- 
teros, will be heartened by the joint 
second place of Darren Clarice of North- 
ern Ireland, the second-round leader who 
began Sunday in the final pairing, two 
strokes behind Jesper Pamevik. Clarke 
closed with two rounds of even-par in his 
first attempt at contending for a major 
title. Lee Westwood of England, another 
certain member of the European team, 
finished in an Open tie for 10th. Jose- 
Maria Olazabal (bed for 20th at 1 -under) 
moved into the top 10 in the team stand- 
ings, and if he remains there through 
August then Ballesteros won’t have to 
spend one of his two “wild card” picks 
on him. He seems cer tain to use one of 
them on Faldo, and Pamevik is a con- 
tender for tbe other place. 

Yet this tournament emphasized that 
the American tour is being driven by a 

Leonard was the U.S. Amateur champion 
in 1992, a couple of years before Woods 
won three of them in a row. Leonard is a 
short hitter, and only recently did he 
discard his persimmon woods — and the 
control he believed they gave him — in 
exchange for the metal woods and their 
healthier length off the tee. 

put him in trouble, apart from leaving . . 
him distant approaches to the jrecm ^» : 
After bogeving the 10th bnnaay. he' 
saved par at 1 1 from 10 feet Under the 
worst pressure, he needed only fiv e _ 

putts over the last four holes -~-raving~ 
par from 15 feet at the 15th, and bird-,; . 
feins the next two ho/es from ISaadSO* 

feet to blow past Pamevik, whose own£ 

H E HAS referred to himself as 
* ‘borderline anal retentive ” — a 
neatnik yuppie, not a swash- 
buckler but an accountant, a clonish 
product of the modem, rich American 
tour. But every one of those stereotypes 
vanished on the scorched links of Royal 
Troon as he overcame a record- 
equalling deficit of five shots on the 
sunny final day. He birdied three of the 
first four holes and finished the front 
side in 5-under par 3 1, leaving him just 
a stroke behind Pamevik, the Swede 
who has now squandered two British 
Opens in the last four years. 

game crumbled when he missed a four- ■ 
fooler for birdie at the 1 6th that would 
have kept him even with Leonard. . ^ 
Pamevik bogeyed the last two holes;' 

to finish in a tie for second, amounting* 
to a Greg Normanesque turnaround of-;' 
eight shots with Leonard. All week;- 
Pamevik, 32, had been admitting to^' 
surprise at his low scoring; in a habitual 
display of eccentricity he changed?- 
putters after the opening round, when he 
had been the only man to play the._ 
blustery back-nine in even par. Hd'- 
would be a good addition to the Euro-* ft 
pean team at the Ryder Cup — but” 
probably not. based on Sunday’s ev- 
idence. as good as Leonard. _ 

In 1 994, Nick Price swept past him at 
Tumbeny largely because Pamevik did 

Pantani Wins the Stage 
In an Epic Alpine Battle 

Virenque and Ullrich Again Play Tag 

By Samuel Abt 

International Herald Tribune 

MORZINE, France — They liked 
Sunday’s epic Tour de France battle 
between Richard Virenque and Jan Ull- 
rich so much, they ran it again Monday. 

To avoid monotony, however, a few 
changes were made: The finish was 
downhill this time instead of uphill; 

to win by one minute and 17 seconds. 

That was enough to hoist him back into 
third place overall by 1:42 in the only real 
battle before the three-week race ends. 
He switched places with Bjarne Riis, a 
Dane with Telekom and the defending 
Tour champion. Their showdown should 
occur Saturday in a long, flat time trial, 
where Riis will be favored. 

Virenque finished second in the stage 

Toub de France 

Monday, with Ullrich plastered to his 
back- wheel over the final climb and 

Bobby Julich, the fine American rider, 
felt good, and Marco Pantani, the Italian 
rocket, felt better. 

Virenque and Ullrich once again rode 
away from the field and finished to- 
gether. But this time they ranked second 
and third behind Pantani, who was as 
easy a winner as he was in the first Alpine 
stage at AIpe d’Huez on Saturday. 

He was no factor Sunday, finishing 
sixth, 3 minutes and 6 seconds behind, 
because he had a sore throat, he said. 
Although he reported the same ailment 
Monday morning, he must have found a 
miracle cure somewhere in the 208.5 
mounrainous kilometers ( 1 30 miles) be- 
tween the resorts of Courchevel and 

“I really have been feeling bad the 
last few days.” Pantani insisted. 

“I even told my team officials that if 
this went on and l kept losing sleep. I 
wasn't sure I could make it to Paris,” 
where the race ends Sunday. "My throat 
was sore again today, but I guess 1 was 
able to overcome that.” 

The Italian, who rides for the Mer- 
catone Unoteam. is widely recognized 
as the fastest man over any one moun- 
tain in a daily stage of the bicycle race. 
In his fust stage win Saturday, the climb 
to Alpe d'Huez was the only big one of 
the day. and he set a speed record on his 
solo way to victory. 

This 15th of 21 stages in the Tour 
comprised six climbs, half of them ma- 
jor. Pantani waited until the last one, 
1 1 .6 kilometers long with an average 
grade of 8.7 percent, to the Joux Plane 
P3ss to make his move. 

With about eight kilometers of ascent 
ahead, he sliced away on the left and 
immediately opened a gap over the 10 
other leaders. 

Riding rapidly through a huge crowd, 
he was 55 seconds ahead of any pursuer 
at the top and whizzed through the curves 
of the 1 2-ki lometer descent into Morzine 

descent to finish third. Both were 1:17 
behind the winner, whose overall time 
of 5:57.16 in sunny and warm weather 
denoted an average speed of 35 ki- 
lometers an hour (22 mph). 

Ullrich, a German with Telekom, 
continued to wear the overall leader's 
yellow Jersey by a comfortable 6:22 
over Virenque, a Frenchman with Fest- 
ina, who leads Pantani by nearly four 

Losing his overall third place, Riis 

finished eighth, 2:06 behind, preceded 

by Fernando Escartin. a Spaniard with 
Kelme, who was seven seconds faster. 

Kelme, who was seven seconds faster. 
In another replay of the Sunday stage, 
they rode together for much of the last 
hour, with the Spaniard again towing his 
faltering rival along. 

A change in the script, in addition to 
Pantani, was the emergence of Julich, 
who rides for the Cofidis team based in 
France. The 25-year-old American has 
been gaining strength and confidence 
since the race started July 5. 

“My legs felt really good yesterday, 
and they feel even better today.' ’ he said 
Monday morning. He finished 18th in 
the Sunday stage and ended it ranked 
25th overall. 

For a week he has been saying that he 
would look for a chance to show the 
climbing skills that allowed him to wear 
the king-of-the-mouniains jersey for 
more than a week in the esteemed 
Vuelta a Espana last fall. 

“1 saw my opportunity and took it," 
he said in Morzine after he finished 
sixth, 1:59 behind the winner, and ad- 
vanced to 19th overall among the 149 
riders left in the Tour. Julich attempted 
to finish fourth but. he admitted, started 
his final sprint to the line too early and 
was passed by two riders. 

Until the decisive attack by Pantani. 
Julich was riding easily with the 10 
other leaders, the first time in his first 
Tour de France that he has been that 
close to a clear road ahead. 

Sanders Signs 
NFL Contract 

With Detroit 

The AssoeiureU Pn-n ^ 

— Barry Sanders has added another!* 
record to his long list: He is now ther 
National Football League's highest- 
paid player. 

Detroit newspapers reported Monday^ 
that Sanders, a running back, had agreed, r 
Sunday to a five-year contract with the- 
Detroit Lions, with an option for a sixth'"' 
year. The team did not disclose the valuer 
of the contract, but the newspapers-' 
placed it at more than $34 million. ■[[ 

The Detroit News and Detroit Free - 

Press reported Monday that Sanders had, 
agreed to a $34.56 million contract that- 

agreed to a $34.56 million contract that* 
averaged slightly more than $5.7 mil-?! 
lion a season in compensation. Troy 
Aikman had been the NFL’s top-paid 
player, averaging $5.67 million a year. 

"The thing that sets this apart is that ' 
we finally broke the glass ceiling for.’ 
quarterbacks,” said Lamont Smith, one - 
of Sanders's two agents. "Barry’s the _ 
highest-paid player in the league. ' ’ .V! 

Both newspapers said the deal in-J- 
cludes an $11 million signing bonus./. 
The News reported that Sanders agreed 

to rewrite the 1997 year of his contract,., j.- 
reducing his salary-cap number frame* 

Hh l»-*»i*lrd iv 

Marco Pantani breaking away on the final climb in Monday's stage. 

Weary Korda Loses but Rises 

The AxxtKHiietl Press 

Petr Korda climbed back into the 
top 20 in the men's world rankings on 
Monday after reaching the final of the 
Lcgg Mason Classic in Washington. 

Korda faded badly in Sunday's fi- 
nal and lost. 5-7, 6-2. 6-1. to Michael 
Chang, the lop seed for the event and 
the No. 2 in the world. 

Korda, ranked No. 21 before the 
event, had been out of the lop 20 since 
February 1995. 

Korda broke Chang in the 12th 
game of the first sci but ihen was worn 
down by Chang's baseline game and 
the hot afternoon conditions. 

“I think if I had energy he would 
have had a heck of a time beating 
me." Korda said. "If you don't have 
legs and energy, you can't beat a 

Michael Chang." Chang broke Korda 
io open the second set then sat back 
and ran the Czech around the court. 

Korda, who was able to make some 
brilliant shots in the first set. became 
more erratic as the match wore on. 

He had nine double faults and 64 
unforced errors in the I hour. 57 
minute match. 

Chang had just one double fault 
and 13 unforced errors. 

• In Maliwah. New Jersey, fourth- 
seeded Chanda Rubin beat second - 
seeded Anna Kournikova. 6-7 i7-2 1 . 
6-4. 7-6 (7-1). for her second A&P 
Classic title in three years. 

Rubin was down a service break 
once in the second set and twice in the 
third before rallying against Koumik- 
ova. 16. 

reducing his salary-cap number fromo” 
$4.2 million to $3.23 million. v 

The contract also includes a clause 
stipulating that Sanders be the highest-**; 
paid running back in the NFL in the?" 
sixth year of the contract, the Free Press*: 
reported. \ 

The Free Press quoted sources as*, 
saying the biggest slicking point in the*' 
negotiations after the financiaLpackager 
was determined was the structuring of 
payments. J 

Sanders won the NFL rushing title 
last season with 1,553 yards, becoming; 
the first back in league history to rusK 
for 1,500 yards or better in three con-; 
secutive seasons. ; 

Sanders also was the first back to rush! 
for more than 1 .000 yards eight seasons- 
in a row and the first to rush for morej 
than 1 .000 yards in each of his first eight« 
seasons. * 

"I’m pleased that we were able to] 
work this out. and I’m happy to havei 
Barry in camp,” said Bobby Ross, who 1 
took over this summers as Detroit's! 
head coach said. “Now we have to get. 1 
to walk. He has some catching up to do.; 
and I’m anxious to start working with 
him.” i 

Argentina Closes in on Finals 

Colombia and Chile Also Take Step Toward France 

At a crucial moment in the peace process in 
Nolhern Ireland. Sinn Fein President - 
Gerry Adams, talks exclusively in depth 
to Tm Sebastian. 

mem n 




Argentina only scored 
twice against the weakest 
team in the South American 
World Cup qualifying group, 
but that was enough to move it 
io the top of the group and 
within one point of a place in 
the finals in France next year. 

Argentina beat Venezuela. 
2-0. in Buenos Aires on Sun- 
day. It was Argentina’s fourth 
successive victory in the 
qualifying tournament. 

Even though Argentina 
won the game, the final score 
was a disappointment to the 

Argentina dominated the 
game, but was defied time and 
again by world class goalkeep- 
ing from Rafael Dudamei. 

Chile 2 , Paraguay 1 Ivan 
Zamorano continued to curry 
Chile toward the World Cup. 
scoring both goals against 
Paraguay in Santiago. 

Zamorano took his tally in 
the World Cupqualificrs to 12 
in 12 matches and kept Chile 
in fourth place in the South 
.American group, just ahead of 
fifth-placed Bolivia. 

Paraguay’s second consec- 
utive defeat meant it sur- 

World Cup 

rendered top place in the group 
to Argentina, but it is still welf- 


Do you live in Athens? 

I capacity crowd at the River 
[ Plate stadium against a team 
l that had conceded 34 goals in 

. its previous 12 games. 

| i Heman Crespo opened the 
i : scoring after half an hour, just 
! as the crowd was beginning to 
! j show its impatience with the 

I j home learn, and a substitute. 

I I Pablo Paz. headed in the 
; ; second goal 1 1 minutes into 
' 1 the second half. 

for a hun<l-(l(-li\em{ suborn pi inn 
oil the ilav of puhliralinn. 

• -.ill I 111 .If I 41 « 9.361 


- -in .»-’« ij*-iiuu 

to Argentina, but it is still well- 
placed to qualify. The (op four 
teams will go to France. 

Victor Hugo Caslaneda of 
Chile and Hugo Brizucla. 
who scored Paraguay’s goal, 
were sent off for fighting in 
the second half. 

In the ninth minute. 
Castaneda won the penalty 
from which Zamorano 
opened ihc scoring. 

Zamorano struck again in 
the 5 1 si minute when he rose 

to head in a cross by Cristian 

Brizuela reduced the def- 
icit 10 minutes later when he 
pounced on a rebound in (he 
penally area, one minute after 
coming on as a substitute. 

Paraguay has lost two of 
the three games it has played 
without its captain and goal- 
keeper, Jose Luis Chi la vert, 
who is serving a four-match 
suspension after being sent 
off against Colombia. 

Bolivia 1, Uruguay O A per- 
fectly executed free kick by 
Marco Etcheverry gave 
Bolivia victory over Uruguay 
in La Paz. 

The result kept alive 
Bolivia’s fjinl hopes of qual- 
ifying for the World Cup. but 
it was a disaster for Uruguay, 
which is eighth in the nine- 
team group. 

Etchcvcmr clobbered a free 
kick over the Uruguayan wall 
and into the lop corner of the 
goal in the 75th minuic to end 
an afternoon of suffering for 
Bolivia, which dominated the 
match hut could not score. 

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COCAINE OR CHEESE? — Teammates hug Anthony Dc Avila after he scared in 
Colombia's 1-0 victory over Ecuador in a World Cup qualifying match jn Bogota. 
Dc Avila dedicated his goal to two jailed kingpins of the Cali cocaine carteL He 
formerly played for the Cali-based America team. President Ernesto Samper, 
inaugurating a session of Congress, said the victory had “the flavor of French 
cheese and the smell of Colombian coffee.*' The World Cup finals will be in France* 

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PAGE 19 




Walker Homers Twice 
As Rockies Beat Cubs 

The Associated Press 

F ft»n; s he • i.:. s, . " ^ t Lany Walker was bound to break out 

-'■Si- sin' r '- !r Tr«vmt ofhis slump. Especially cm a ripe, windy 

«»f>. \VC 'f *** i«t JK day at Wriglcy Field. 

Is iiSftiLir'iV " ^ ^ bb. Walker hit two home runs and the 

us tu-.. r. il. i C,|| «d^ Colorado Rockies stopped their eight- 

* rr, -iC U p_._ .^'cr r . game losing streak Sunday with a 9-5 
Li'ur ’k H 1 .’ J :,:r r- i, victory over the Chicago Cubs. 

^ ‘ / ih . | , Walker had been hitless in 12 at-bats 
tir^T 41 : ' a“- ir ii •'%'^aud was coming off an O-fbr-9 per- 
■rJ r;,-'i c ‘ '-fid; fonnance in Saturday's doubleheader 

r - r «n: : c : : , 'r r ui ■ 

^ bt Walker hit two home runs and the 
Colorado Rockies stopped their oight- 

'■iic rr\: 

•v? kar\: >- ~ .. ‘ 
^rnc».k K..;.--! 
■ linut: m _ 

' J f'.Vj V-- . 




NL Kopmpup 

sweep. But he singled his first time up. 
then went on to increase his home run 
total to 29 and his batting average to 395. 
Both figures lead the National League. 

Roger Bailey, Colorado's starting 
pitcher, was nearly scratched when his 

^ wife Andrea, went into labor early in 
'urr^.Vr the day. Doctors gave her medication to 

^ ■ slow the labor, and Bailey, who didn’t 
•* r * -hWj figure in the decision, returned to Den- 
• 1 Hi-, m : 3 ver right after pitching the fifth inning. 

1 he", 1 ? “For 10 S° 0111 there, you’ve 

• f r ‘ urd ijj" really got to respect him,’ ’ Walker said. 

n 5,1 pfe, 


. . ... - ’:i-n ,} V for the Rockies and Enc Young 

l • - •••■’ Jrr (.jp i another. Four of the homers 
• ".v:. .. :i t ' • against Kevin Foster, who has all 

~ ri ' r‘ ; - - i.. ' - league-high 21. 

“He gave us his best stuff.” 

Vinny Castilla also hit two home runs 
for the Rockies and Eric Young added 
another. Four of the homers came 
against Kevin Foster, who has allowed a 

“Walker is hitting everybody,” 
Foster said. “He’s hitting .400 around 
the league. If you can make good pitches 
on him, you'll get him out 1 couldn’t 

Ira »-» J O • on ^ y™’ 11 8* W 

’antlers Sign 

r\ in the fifth inning and a two-run shot in 

I Ai\ m the nmthoffMd Rojas. The Rockies won 

^”1" A d> IfjO 1 for only the second time in 17 games. 

; * * {? Astros 9, Expo* O Darryl Kile pitched 

£’¥7 T T { ' his major league-leading fourth shutout 

| f J_j 1 Q]1 |~l , Q/jf and Luis Gonzalez homered twice and 
^uu m[ drove in six runs as Houston won at 
Montreal. Kile (13-3) allowed four hits 
J-j | j| and lowered his earned ran average to 

1.99. He is 12-1 since his worst start of 
the year, when he lasted just 3% innings 
at Olympic Stadium on April 30. 

A lifetime .112 hitter, Kile helped 
himself with a double and single. 

Gonzalez, 9-for-ll in the three-game 
series, hit the first grand Siam of his career 
and a two-run homer. He also doubled. 

Dodgws B, Brows 3 Chan Ho Park 
struck out a career-high 11 in 6V$ in- 
nings and Los Angeles beat John 
Smoltz. The.Dodgers improved to 13-4 
in July. Atlanta is 5-6 on its longest 
home stand of the season. 

Park singled home the go-ahead run 
in the fourth, giving him his first three- 
game winning streak in the majors. 

Smoltz (8-9) has won only twice in 1 1 
stares. The 1996 NL Cy Young winner 
was 16-4 at this stage last year. 

I tots 10 , Rads i Todd Hundley 
homered from both sides of the plate 
and went 4-for-4 with five runs batted in 
at Shea Stadium. 

Hundley connected as a righty leading 
off the third inning and hit a three-run 
drive as a lefty in the sixth. He has hit 
home runs from both sides twice this year 
and five times in his career. Hundley also 
doubled as New York wen its fourth in a 
row. Cincinnati has lost three straight. 

Phitflfts 4, Pirates 1 Midre Cummings, 
waived by Pittsburgh two weeks ago and 
claimed by Philadelphia, enjoyed a big 
day against his former team at Veterans 

Cummings hit a run-scoring triple for 
a 2-1 lead in the fifth inning and later 
scored. He doubled in the seventh and 
scored on two wild pitches. 

The Phillies have the worst record in 
the majors at 29-66, but are 5-5 since the 
All-Star break. 

Giants 9, Cardinals 2 Pitching in front 
of a crowd that included 100 friends and 
family members, Kirk Rueter beat die 
Cardinals and the 96-degree heat at St. 
Louis. Rueter allowed one run in seven 

Irabu Takes First Loss 
As Big League Pitcher 

Australian Balter Hammers Japanese Hurler 

Sub Handi/Agcficr franco- PKanr 

The Mels’ Lance Johnson beating his teammate Manny Alexander to a 
center-field fly by the Reds’ Kent Mercker in the third at Shea Stadium. 

innin gs. He gave up six hits, walked 
□one and struck out seven. Barry Bonds 
hit his 24th home run and Stan Javier 
had a three-run shot as San Francisco 
stopped a three-game losing streak. 

Padres 3, Marlins o Andy Ashby 
pitched seven innings and Chris Gomez 

hit a two-run triple as San Diego won in 

The Padres ’ Tony Gwynn went 0-for- 
4, giving him consecutive hitless games 
for the first time this season. Gwynn ’s 
hitless streak reached 10 at-bats and his 
average fell to .388. 

The Associated Press 

Hidelri Irabu, lacking his best stuff, 
got hit hard in his first road game. 

“I don't think it’s fair to judge his 
fastball at this time," said Joe Girardi, 
the Yankees ’ catcher, after Irabu was hit 
hard Sunday night in New York’s 6-2 
loss in Milwaukee. Irabu (2-1) was 

AL Roundup 

tagged for six runs and seven hits in 636 
innings as his earned-run average rose 
from 5.40 to 6.38. 

“There were occasions that I was hit 
because of the splitter not being ef- 
fective,” Irabu said through an inter- 

Dave Nilsson homered and doubled 
off Irabu. 

“He's in a no-win situation,” Nils- 
son said. “It doesn’t matter bow good 
he pitches. He should be in the major 
leagues. He’s got good stuff. 

'“When I hit that double, everybody 
was cheering, ‘U-S-A! U-S-A!’ " said 
Nilsson, who is from Australia. “I don’t 
know where I come into that” 

White Sox 10, Orioles 2 Cal Ripken 
was ejected for only die third time in his 
' career as Baltimore lost for the 10th 
time in 13 games, and Frank Thomas 
went 4-for-5 with a two-run homer and 
four runs baited in. 

Ripken was ejected by A1 Clark, the 
plate umpire, in the second inning for 
arguing a called third strike. Ripken’s 
previous ejections, both for arguing a 
called strike in the first inning , occurred 
in 1987 and 1989. 

Indians 7, Red Sox 2 Charles Nagy 
(10-6) gave up two runs and seven hits 
in seven innings as the Indians* man- 
ager, Mike Hargrove, got his 500th ca- 
reer victory. Cleveland stopped Bos- 
ton's season-high winning streak at 

Hargrove, 500-418 (345) since be- 
coming Cleveland’s manager in 1991, 
became the fourth active manager with 
500 wins with his current club. 

Tom Gordon, who has not won in five 
starts since June 22, allowed five runs 
and five hits in four innings and dropped 
to 0-4 with a 17.44 eamed-mn average 
in four starts at Jacobs Field.. 

Twin* i. Athletics o Brad Radke 
pitched a five-hitter to win his ninth 
consecutive start as visiting Minnesota 
won its fourth straight and completed a 
three-game sweep. 

Radke, who hadn’t lost since June 2 at 
Texas, matched his career high with 10 
strikeouts and walked none. 

— min wr« 5, Royals 4 Fra: the sixth time 
tins season, Jamie Moyer won in a game 
following a Seattle loss. Paul Sorrento 
homered for Seattle, sending visiting 
Kansas City to its 17th loss in 19 

* Moyer (10-3), who reached double 
digits In wins for the third time in his 1 1- 
year career, allowed four runs and nine 
hits in 636 innings, leaving after Chili 
Davis's three- run homer in the seventh 
made it a one-run game. 

Angels 9, Blue Jays 5 Chuck Finley 
(8-6) won his fifth straight start, al- 
lowing five runs and nine hits in 6'A 
i nning s and striking out eight as Ana- 
heim won for the 12tb time in 13 

Visiting Toronto lost its manager, 
Cito Gaston, and a player, Joe Carter, to 
ejections. Gaston was tossed in the third 
inning, for the first time this season, for 
arguing a call with the first base umpire, 
Mike Everin. Carter was thrown out in 
the seventh in a checked-swine dispute 
with John Hiiscfabeck. the plate um- 

Ranger* 7, Tigers 6 Rusty Greer hit a 
two-out homer in the 10th, his seventh 
game- winning homer since 1995. 



Major League Standings 












New York 









































Kansas Qty 





■bur dwumon 






Anabefra . 






























New York 


























St Louis 
















San Francisco 55 




















i mi— 

B«»M IDS no 1W— 3 > 1 

Omtand M 211 Mfr-7 It ■ 

Gordon, Hudson {& WOsdn (8) and 
StonJ*)c Nagy, Assanmadiar (8), Wdallwn 
TO and S. Alomar. W— Nogy, 10-6. L— 
Gordon. 5-8. HR— Boston, Jb.VUenfin (IQ. 
Chicago 150 010 021-10 19 0 

Bantam OM OH 002-2 9 1 

Navarra and Rdtregas; Boskfe 
MUohnsm (6) and Hofles, Webster («. 
W — Navarro 8-8. L-BosUe. S4 
HRs— CHeuga F. Thomas (223. Baines n». 
BaMmore Tarases (7). 

Miimsotn oio oh ooo-i 5 I 

Otddand 000 DM 000-0 5 0 

Radke and Steinbadv CReyes, D. Johnson 
TO. Taytor TO and Moyne. W— Radke 13-5. 
Lr-C Reyes, 3-1. 

Toronto BOS OH 200-5 10 0 

AmAeta 100 212 211-9 13 1 

Andufac Ftener (6), QuantriO (6). SpoOaric 
TO, TtraHn (8) and OBriere CFlnley, 
Haaegawa TO, Perdval TO and Td, Green*. 
W— C. Finley, 84. L— Afldufcs; 0-5, 
HR— Anaheim, Alicea (5). 

Kansas Oly 1H OH 300-4 9 0 

Seattle 020 120 DOc— 5 C 0 

Appier, J. Walker (5), Oban (5), Casian TO, 
Cariaco TO ml Marfmtane, MlSweeney 
TOr Moyer, & Weils CO and DaWteon. 
W—Mom 104. L— Appiec M. Sv-B. 
WeBs TO. HRs— Kansas Oty/CDaris flM. 
Seattle. Sorrento (191- 

NawYorit 200 0M 000-2 ■ 0 

M0—i*m MM Ml 98*— 6 1 0 

Irabu Lloyd TO and Gbards Karl and 
Mrdtieny. W-Kal 4-1 a L-lrabu 2-1. 
HR— MOMaukab Nilsson 031- 
DatroB (B0 300 100 0-4 11 0 

TaUS 000 200 400 1—7 14 0 

TO) tantogtOSSanden. Bautista (0), Mice 0 
TO, M. Myon TO, Braadl TO. Sager TO and 
Casanova; Wltltoside, Sfwtze (5}> Patterson 
TO, WMMand {ICO and I. Rodriguez. 
W— Wattekmd 5-2. L-5ager 2-3. 

HR— Texas, Greer (14). 


U» Angelas 110 201 102-0 II 0 

Atknta 002 001 BOO-3 7 3 

Park, Guthrie (7). OreBort (8), To. Warred 
(9) and Piazza, Prince TO; Sinoitz, Cattnr TO, 
BMedd TO and EddPerez, Spehr TO- 
W — Park, 8-5. L — Smoltz, 89. HR — Las 
Angelas. Mondesi CM). 

Hanstm Ml M3 040-9 0 0 

Montreal BOO M0 008-0 4 0 

KBe and Eusebios HermansorvM. Valdes 
TO, Daoi TO, Torres TO and Ftetdwr. 
W— KH& 183. L— Hremansosv 85. 

HRs— Houston, LGonada 2 (6). 

Piltsbregb 100 000 000-1 9 2 

Pbaodatobto 000 120 lQx-4 5 0 

Schmidt, ChrtsSansen TO, P. Wagner TO 
and Kendalb Stephenson, Spradlin (71. 
BaflaBca TO and (JeberttinL 
W — Stephenson, 4-4. L— Schmidt 4-4. 
Sv— BatMBco (17). 

OndlHfi BOO MB 000-1 7 0 

New York 301 204 Bttt— ID-15 0 

Merdcw FteRodriguez (5) and J. Oliver, 
Taobensee (8); Mhdu. Kashiwoda TO, Lidle 
TO and Hundley. Pratt (9). W— Mficki, 5-7. 

I Merc ken 7-7. HRs— New York, GBoey 

nil. Hundley 2 02. 

San Francisco 100 110 123-9 13 3 

St Louis 000 100 001-2 8 3 

Rueteo Tavarez (GO, Johnstone TO and B. 
Johnson ALBems, LudwIcJi TO and DifeJice. 
W— Ruetet 7-4. L — ALBenes. 88. HRs— San 
Frandscn, Bands (24), Javier (6). 

Colorado 011 120 202-9 12 1 

Chicago B01 130 000-5 12 0 

HBaae*, Leskanic TO, Holmes TO and 
Manwaring," Foster, T ^Ida/ns TO, Patteisan 
TO, BattenneM TO, Ro|ag TO and 5ervais. 
W— Leskanic, 2-0. L— T. Adams, 1-5. 
Sv— Holmes (3). HRs — Colorado. Ed Young 
15), U Wt*er2 (29), Ca&tSla 2 (25). 
SanDtoga DOB 000 210-3 4 0 

Honda BOB 000 000—0 £ 1 

Ashby, TLWonefl TO. Hoffman (9) and 
F/aherty; Saunders. Helling TO and Zaun. 
W — Ashby, 6-4. L— Saunders. 2-1 

5v— Hoftruan (22). 


Middlesex: 305 and 201-4 
Austrafiac 432-7 dedored 
Match ended In draw. 

Asia Cup 


Replay match Indta and Pokistan was 
abandoned after overnight rate affected 
ground. Teams wB share paints tram the 
mulch. India need to defect Bangtodesh by 

big margin an Thursday far place in Anal 
against Sri Lanka an Sunday. 


Tour de Fwahce 

Results Uondey of Tour do France, I5tti 
stage from Courchevel to H ote ne, 209 id- 
ronwiars (130 mhos): 

1. Marco ParrtanL Italy. Mercntane Una, 5 
hours. 57 m. 16 £.- Z Rlchanl Vlranque. 
France, Festin a, at 1 :17 behtatblJan Ullrich, 
Germany, Tetekanv s. Ij 4. Boat Zberg, 
Switzerland Mercatane Una at 1:49; 5. 
Francesca Casagratxte Holy, Saeca lift 6. 
Bobby Julich, Unded States, Cofkfis, 1-Jft 7. 
Fernando Hscarfia Spate Kefare, 15ft 8. 
BJame Rite Denmark, Tetekanv 20£c 9. Jose 
Maria Jimenez, Banesta, Spate 129; 10. Os- 
.carCamenzlnd Swicertand, Mapei, 3399. 

OVERALL: 1.Ullrldt7&4&9ftZ Virenque 
id 422. 1 Pantani lftl* 4. Rfc 1135: 5. 
Escartta 16.-05; 6. Abraham Otana Spate 
Bansste 16c-SCk 7. Casagrande, 17:14; 8 
Jimenez, 23:42; 9. Roberta Conti, Ihdy, Mer- 
entone Una. 2&20t 10. Laurent Dufaux, 
Swttzertend Fesfina 29:46. 

Deposit Guahawty 

Final scares Sunday in SI miUan Deposit 
GumKy Gotf Classic, played on 7,157- 
yant pan-72 Amandsie God Ctuh In 
Madison. Un. (Ml U 

Bifly Roy Brawn 69-64-49-47-271 

MBteStondly 69-67-70-64—272 

MflreBriSky 64-74-47-48-273 

BteiMilMCOMor 70-47-70-67—274 

Brfcm Rctnefl 6948-5948-274 

Mike Springer 69494749-274 

Sieve Lowery 69-45-70-70—274 

Sieve Juigensen 66-474972—274 

Brian doer 674948-70-274 

Woody Austin 684971-49-275 

Brian Heiminger 68-68-7049—275 

DonPootey 6548-71-71-275 

I. Tiger Woods (bJU 11 in potato average 
Z Greg Norman (AudraSo) 102a 

X Ernie Els (South Africa) 1020 
4. Colin Montgomerie (Britain) 9.77 
5 Nick Pride (Zimbabwe) 952 

6 . Tom Lehman (U-5-J 845 

7. Stew EDdngtan (Australia) 826 
8- Mnsashi Ozoki (Japan) 7.91 

9. Mark O'Meara (UJJ 743 

10. Phi Mfcketson (U4J 724 

II. Brad Faxon (U5J 640 
IX Fred Couples (UJSJ 6.77 

13. Justtn Leonard [U4J 6.77 

14. Nick Faldo (Britain) 623 

15. Jasper Pamevlk (Sweden) 643 



Mozambique 1 Namibia 1 
stand rwos: Mazamtaqua -S points; 
NamMa& Zambia 4: Tanzania 2; Malawi 1. 


Kansas CByl Washington DjC. 2 
Los Angeles 4, New York-New Jersey 0 
Columbus 1, New England 0 
Tampa Bay 3, San Jose 1 
Dallas 4. Colorado 2 

STAfBHNOSe Emtern Conference: D.C 
35 paints; Tampa Bay 2ft New England 28 1 
Columbus 2ft NY-NJ T6r Westora Conter- 
ence: Ka nsasCtty 31; Dallas 3ft Catorado 25; 
Los Angeles lft San Jose 17. 


Potorta Wmsaw, PoL ft Duisburg, Ger. 0 
H eeran v een, Neth.ft Aaflwra Denmark, 2 
potato; Aalborg 6t Dteamo 93. Baianre, & 
Heerenveen 4; Potoate Warsaw Z 

SUceborg, Den. 6. Ebbw Vote Wate. a 
Baslta France, 1, Casino Graz, Austria, 2 
mu stamduhhg Bastia 9 potato; 
Casino Graz ft SOkeborg 6s Dragonfijac, 
Croatia, 6c Ebbw Vote!. 


Royal Antwerp, Belg. 2, Lnwsanrw Swto. 2 
Nea Satamtaa, Cyprus. I, Anxene, Fr. 10 

foul mueumsc Auxerre 10 potato; 
Lausanne Sporto ft Royal Antwerp 7; Nea 
SatamiiM ft Ante Northern Ireland 0. 


Cologne, Ger., 1, Standard Liege. Belgium, 1 
Aarou. Swttzeftond, a Cork CBy. Ireland 0 
final STAMHMQ& 1FC Cologne 10 
points; Maccnfal Petuh TBwa Si Standard 
Liege 4; CorfcCRy 3; Aaniu 2. 


Stabaek, Norway, 1, Dinamo Moscow, Rus. 1 
Genk. Belgium. 4. Panohafki, Greece, 2 
FINAL *TAHOM(ME Dinamo Moscow 
lft Genk ft Stabaek 5; PanaKriH 4; Boff- 
fetagM, Fames, 0. 


Odense Denmark 2, Kaunas. Lithuania 2 
Hamburg, Ger. 1 Samsunspor, Turkey, l 
final dTAMMNoas Hamburg SV 12 
potato; Samsunspor ft Kaunas 4; llhrollate 
lo^d Iceland ftOdanel. 


. Vasas, Hungary, Z Werder Bremen, Ger. 0 
tatanbulspot Turkey, 3, Order IF, Sweden, 2 
Votos ft Welder Bremen 7; Order IF ft FC 
Umversitate Latvia, ft 


Halmstod Swe. & Turun Pafloseuru Rn. T 
Lornmei, Belg. X Ha|duk Rodte Yug. 2 
FINAL STAMDMQS; Halmslod 1 0 paints; 
Lumawl ft Hafchrk Rodlcd- Turun Pallaseura 
4: Kongsvingeb Norway, 1. 


Austria VleniHi 1, Odra Woditelaw, Poland 5 
Rapid Bucharest 1, Otympique Lyon, Ft. 2 
FINAL OTAMp M H M i Otymplque Lyon 12 
points Rapid Bucharest?; Odra Wodzblow4; 
MS K Zfllna Slovakia. 4r Ausbta Vienna 1. 

CutontcfcL YUg. 3, Spartak Vbrm Butgarta 0 
Montpeflieb Fr. ft Grantagwb Nethartamte 0 

FMAL ■TANDMCWt Montpellier 10 

paints Graningen ft Cukaridd 6; Gtaria Btetrt- 
kv Romania, 3,- Spartak Varna, Bulgaria 1. 

Maccabi Haifa Israel ft Nlnzhrt Novgorod 4 
Antalyaspar, Turkey, 1, Preieter, Yug. 0 
FMAL STANDMOS: Ntaztml Novgorod 
Russia 12 prints Pubflkum Cefla Skwaite 5; 
Antalyaspar 4- Preieter 4; Maccabi Haifa a • 


Torpedo Moscow. Rus. 2, Rind Austria D 

Heraklls Salonika, Gr.l, Flartana Malta, 0 
FINAL CTANDHMML' Torpedo Moscow 1 2 
points Merani 91, Georgia ft SV RIed ft 
Heraldk Salonika ft Flartana 0. 


Cotogne v Monlpe flier 
Anrenv vs Torpedo Moscow 
Battia w SV Hamburg 
Dteamo vs MSV Duisburg 
Ninzhnl Novgorod vs Hatawtad 
lstanbubpar vs Otymplque Lyon 
Risl lags to be ptayed Juty 26 and 27, return 
on July 30. 


Iceland ftNarway 1 

Would Cwp 


Argentina 2, Venezuela 0 
Boltvta 1, Uruguay 0 
Chfle 2, Paraguay 1 
Co lombia I, Ecuador!) 

STAMM NORs Argentina 25 potato; 
Paraguay 23; Catambta 21; Chile lft BaEvta 
17/ Peru lft Ecuador 1& Uruguay 14/ 




Michael Chang (IL US. def. Petr Korda 
(2), Czech RopubOc. 5-7. 6-Z 6-1. 



ANAHIIM-Plit RHP »<li DoLncta on 15- 
day dbabied flst retroadtveta J a ly 1 5. Bought 
contract of RHP Shad Wffiams Ann Van- 

BAUIMOHE— Activated C Chris Halles from 
15-day (Ssabtadnst Designated C Tim Laker 

boston— S igned LHP John Curtice and 
RHPTravta Harper. 

Cleveland— S ent inf Casey Candaele 
and OF Trenktad Hubbard outrigW to Birf- 
fate AA. Claimed RHP Teddy Wtarectar off 
waivenfram Los Angeles Dodgers and des- 
ignated him for assignment, 

Detroit— Bought contract of LHP Glenn 
Dishman from Toledo, AA. Designated OF 
Jimmy Hursl tar assignment. 

Kansas ernr— Sent RHP Jamie Brewtag- 
tan outright to Widilta, Tl_ 

MILWAUKEE— Put RHP Ben McDonald on 
1 Sdoy dlsoWed ItoL Recalled C Kelly Sflrmeft 
from Tucson. PCL Signed RHP Kyle Pe- 

SEATTLE— Optioned RHP Derek Lowe la 

Texas— Bought contract of LHP Glenn 
DfcJunon ham Toleda tL. Designated OF 
Jimmy Hursffor reassignment^ 

TORONTO— Put RHP Juan Guzman on 15- 
doydlsabied IsL Called up LHP Huck Raner 
tram Syracuse, IL. 


□NClNNATi— Activated LHP Pete 

Schourek ham 15-day disabled flst. Put C 
Brook Fotdyoe on 15-day disabled flst 
retroactive to Juty 16. 

SAM DlEoa— Activated RHP Doug BozMIer 
from 15-day disab led Itet. Optioned RHP Rich 
Bntchetarto Las Vegas. PCL 

SAN FRAMOSCO— AcfiVPted 3B BN Mueller 
from 15-day (Bwbtod itet. Optioned INF Rich 
Auiffia to Phoenix, PCL 

PHILADELPHIA— Acthrdrd RHP Ryan Nye 
from 1 54ay dteabted Itef and optioned him to 
Scrantan-Wlkes Barra, IL 

charlotte— N amed Paul Silas assistant 

orlando— Re-signed F Derek Strong la 1- 

SACBAMEJCTO— Re-signed C Kevin Sal- 


Baltimore— S igned S Kim Harring to 3- 
year contract. 

ente IN hati— S igned CB Jimmy Spencer to 

2- yeor c on lr u o extension through 1999. Pul 
OL Kevin Sargent on physacatiy-unabto-to- 
periDfm GsL Agreed to terms with DE Relnard 
Wlbon on 5-year contract and RB Carey DIP 
ion on 3-VOTConfnrd. Signed C Hod Payne to 

3- yecr contract. 

D A LL A S -Agreed la terms wUh TE David 
La Raw on 5- year contract 
DENVER— Released DE Dan Wlfltams. 


PAGE 20 



Rockin the Boat 

news that President and 
Mrs. Clinton were returning to 
Martha's Vineyard has caused 
a stir throughout die island. It 
isn't because we are unused to 
presidents coming and going, 
but everyone is asking the 
same question: “How did he 
get a feny ticket?” 

You have to understand 
that the only 

way to bring a 


car onto 
tha's Vineyard 
is by ferry, and 
it's impossible 
to get a feny 
reservation this 
late in the sea- 
son. You ’re not 
even allowed 
to park in New Bedford in 
hopes that someone with a 
ticket got stuck in a traffic jam 
in New Jersey. 

Everybody has a theory on 
how the president secured his 

Scott Kenney is convinced 
that there's a Far East con- 
nection. He said, “John 
Huang probably got die 
Lippo people to make a ferry 
ticket donation to the Demo- 
cratic National Committee, 
which then passed it on to the 
president. ’ ’ 

Donald Smith is not so 
sore. “I heard that Mr. Clin- 
ton promised someone he 

could be head of the Joint 
Chiefs of Staff in exchange 
for his space on a boat" 

Robin Bray, who had been 
pretty quiet until now, said, 
“The story I heard was that 
the president offered to make 
Romania, Poland and Hun- 
gary members of NATO if 
they would cum over their 
beat reservations. The 
Martha’s Vineyard Steamship 
Authority said that they didn’t 
need any more countries from 
NATO this summer." 

Angry island residents 
have been demanding the ap- 
pointment of a special pros- 
ecutor to find out how the 
Clintons got their ticket. 

Josh Decatur, who has been 
on standby at Woods Hole 
since May 12, said, “I'm not a 
whiner, but when the pres- 
ident drives onto that boat. 
145 Secret Service agents and 
230 journalists drive on with 
him. It's not fair when I own a 
house on the Vineyard and 
Clinton only rents." 


Storks in the Belfry 

The Associated Press 

CERES, Spain — Storks by 
the hundreds have moved into 
Malpartida, building large 
nests on rooftops and gen- 
erally irritating the town's 
2.500 human residents. 
Helped by their status as a 
protected species, the number 
of storks in Spain have quad- 
rupled to some 16,000 in the 
past decade. 

The buzz about the pres- 
ident is not only how he can 
get on our island but also how 
he can get off. He is slated to 
leave at the beginning of 
September, but at die moment 
the first available feny reser- 
vation is Dec. 3. It doesn't 
matter for the president be- 
cause he can serve from any 
location. But he has to drive 
Chelsea to Stanford early this 

There's even a rumor that 
the president has offered the 
ferry captain three nights in 
the Lincoln Bedroom if he 
will just put him on standby. 
But that’s just talk. 

What makes more sense is 
that Taiwan wants to send 
over one of its ferry boats to 
Martha’s Vineyard as a cam- 
paign contribution. That's 
something all the residents on 
the island can live with. 

Guantanamera, the Film: A Cuban Song of Life 

By Larry Rohter 

New York Times Service 

M IAMI — Tomas Gutierrez Alea was already 
ill with the cancer that would soon kill him 
when he made "Strawberry and Chocolate,” the 
bittersweet comedy that in 1995 became the first 
Cuban film to go into general release in the United 
States and be nominated for an Oscar. 

So when the success of that movie led to other 
offers, he understood from the start that he had 
received a rare gift: a final opportunity to sum up 
a lifetime of work and ideas. 

The result is "Guantanamera,” which ad- 
dresses, not surprisingly , the twin themes of love 
and death. Delineating the odyssey of a dead 
woman's body and the friends and relatives who 
accompany her coffin from one end of Cuba to the 
other, the movie manages to ridicule the rigid 
Stalinist bureaucracy that was one of Gutierrez 
AJea’s favorite targets (though not to the extent 
desired by his exiled compatriots here), even as it 
exalts human attachments and passion. 

“All of Titan’s movies are a mixture of love, 
tenderness and acid humor," Mirtha Ibarra, the 
Cuban actress who is Gutierrez AJea’s widow and 
appears in both “Guantanamera” and "Straw- 
berry and Chocolate," said during an interview 
here, using her husband's nickname. “But this 
one may be especially so because of the cir- 
cumstances under which it was made.” 

The director Tomas Gutierrez Alea and his wife, Mirtha Ibarra, 

Born into a well-to-do Havana family, Gutierrez Alea, 

who was 69 when he died last year, originally studied to be 

leo-reaiist movement 

a lawyer. But the films of the Italian neo-r 
captured his imagination, and be went to Italy in the early 
1950s to learn about movie making. 

His international reputation was established by “Memor- 
ies of Underdevelopment. ’ * which was released in 1968 and 
chronicles a bourgeois intellectual's difficulties in adapting 
to life in a revolutionary society. But within Cuba, he was 
probably best known for sly satires like “Death of a 
Bureaucrat,”, a 1966 work that foreshadows “Guanta- 
namera” in both theme and style. 

In fact, when “Guantanamera.” which takes its title from 
the famous Cuban ballad and reworks the song's lyrics so 
that it comments on the plot, was shown in Havana in 1995, 
audiences flocked to theaters to see it. fearing that it would 
soon be withdrawn from circulation. 

They chuckled at the figure of Adolfo, a pompous bu- 
reaucrat whose every utterance is a stale cliche of rev- 
olutionary sacrifice taken straight from the pages of 
Granina, the official newspaper of the Cuban Communist 
Party, and roared at the misadventures that befall the corpse 
because of an absurd government plan to make burials more 

Working with Gutierrez Alea “was a privilege on both 
the professional and personal levels,” Juan Carlos Tabio, 
who because of the director's illness became co-director of 

both “Strawberry and Chocolate” and ‘’Guantanamera," 
said from his home in Havana. “He was the master of 
modem Cuban cinema, and part of what made him so was 
his flexibility and his spirit of criticism and self-crit- 

“It's not that Titon was able to find some sort of phi- 
losopher's stone that eluded the test of us,” Tabio added. 
“But he had the strength to accept reality and tackle that 
reality in his work.” 

In fact, os bizarre as the plot of “Guantanamera” may 
seem, it was bom, the director's widow said, of a newspaper 
story Gutierrez Alea clipped in the late 1980s, when Cuba's 
shortage of gasoline was becoming acute. 

To save fuel. Communist Party bureaucrats bad actually 
devised a plan that would require coffins to be transferred 
from one vehicle to another any time the boundary of a 
province was crossed, in order that no province exceed its 
gasoline quota. To that idea, Gutierrez Alea added ob- 
servations from his own notebook and snatches of dialogue 
heard on the streets of Havana. 

“When this movie came out in Europe, they thought it 
was a comedy of the absurd,” Ibarra said. “But it's not. It is 
a comedy drawn from reality, an X-ray of the island of 

Indeed, anyone who has traveled the length of Cuba in 
recent years will quickly recognize scenes from daily life 
that Gutierrez Alea reproduces almost intact: the eerie 

absence of traffic on the highways; the feral®, 
n^ait for hours and hours for buses that neyer 
MiLTtfien crowd into the backoff rare passing 
mSt- the flourishing illegal ro ^ide camitipTOin 
meat and vegetables. Guantai^t ^ m short, 
is a road movie that shows a society disputed and 

“Sfcfmany Cuban directors and screenwriters 
now in exile in the United Stares, including several 
who say they still regard Gunerrez Alea as a 
mentor It friend, aigue that m ' 
as in his earlier movies, he compromises Ins 
principles and does not go far enough in showing 

' to *0 Unit* W 
six years agolnd has recently directeda docu- 
mentary about the Cuban cinema called The 

Broken Image.” is one of them . 

"Titon was a filmmaker and intellectual who 
sought in every way to use ihe means of expression 
at his disposal to question the system, Gnal said 
in an interview here. “But he fell into a trap and 
was never really able to do any damage to- that 

svstem, which is inhumane. • 

“In Cuba there are no films that really dispute 
the system, because the government will never 
permit it. When something critical is released, it. 
comes out too late and thus is no longer critical. It 
has lost its value, which is precisely why it is 
allowed ro come oul” 

Jorge UUa, a Cuban filmmaker who now lives in 
New York, also has mixed feelings about Gutierrez Alea. 

"Tome, he is a tragic figure," said Ulla. “He was a great 
narrator and storyteller, a shrewd critic who created a vast 
body of work that shows a fine intelligence. But he couldn t, 
or wouldn’t, talk about the real problem, which is in- 
tolerance. In the final analysis, this is a man who was torn 
between his soci alis t convictions and his reservations about 
the figure of Fidel Castro. Once embarked on this rev- 
olutionary adventure, he was unable to break with it, and that 

limited his message and his work.” 

Ibarra rejected outright the notion that Gutierrez Alea had 
ever softened his message or sacrificed his integrity as an 
artist in order to please the authorities. 

“Titon was honest and always said what he wanted to 
say,” she said. “He believed in many of the values of the 
revolution, and defended them. Besides, censorship is rel- 
ative. In your country, die producer gets the final cut. That’s 
censorship, too, and Titon never had to contend with 

To Ibarra, “Guantanamera” is first and foremost an 
elegy, a work of art rather than a political statement. 

“This movie is a song in praise of life and love,” she said. 
“That’s what he wanted: he was very clear about that. He 
knew this was going to be his last movie, that death was 
there, within reach, waiting for him. So he wanted to deepen 
his sense of life, and speak out in favor of awakening and 
living one’s life intensely.’ ’ 


I*' ■; 

****■' , ,.OU 

VLV-*’ : 

5^' .y \fc ’ 

HessdJu. • 

1351 ’ «« 


Durban FrjMi'-lVw 

Luciano Pavarotti, who says he indeed can read music. 

A N angry Luciano Pavarotti 
has a lesson for those' who say 
he can't read music. After the Milan 
newspaper Corriere della Sera re- 
ported that alleged gap in his mu- 
sical education, the tenor fired back 
Monday in an interview with an- 
other newspaper. “All garbage,” 
Pavarotti told II Res to del Cariino 
of Bologna. The earlier article had 
quoted Pavarotti as saying. “Yes 
it's true. I don’t read music.” It said 
he made the revelation after the 
actor Vittorio Gassman said he 
had been “shocked" to discover 
that Pavarotti was not reading the 
musical score as they prepared for a 
duet Pavarotti said the Corriere 
article misrepresented his com- 
ments. “Journalists always write 
about music with approximation. 
So. the score is the book that the 
conductor has in front of him with 
all the parts: the instruments, the 
voices, the chores, etc.” The part 
for voice and piano “is what we 
singers use.” he said. “Singers, all 
singers, read this. And I do too.” 

Prince Charles has given his 
longtime companion. Camilla 
Parker Bowles, a £100,000 
(S 170,000) diamond and emerald 
bracelirt for her 50th birthday, a 
leading British tabloid reported. 
The gift was intended to tell Parker 
Bowles and the world “that she’s 
the most important person in his 
life,” according to an unnamed 
close friend of the prince quoted by 
the News of the World. The prince 
is understood to have presented it 
to Camilla at an intimate dinner on 

her birthday on Thursday, the pa- 

Gianni Versace but indulges in 
more than 30 uses of the pronoun 
“I.” As in: “I believe that when we 
sleep, our soul leaves our body to be 
rejuvenated.” And, after describ- 
ing Versace’s Lake Como villa: “I 
was in heaven, but more important. 
I was envious of a person who bad 
the courage to live life so luxuri- 
ously. I’m too practical for diaL” 
And: “The last time I saw him was 
in the spring in Miami ... He was 
mesmerized by the blae nail polish 
on my daughter's toenails." 

1996 film, which starred Eddie 
Murphy and brought in $252 mil- 
lion in box-office receipts. 


per said. She wore it on Friday at a 
party for 80 guests in the grounds 
of his country mansion. High- 
grove, in central England. Buck- 
ingham Palace has refiised to com- 
ment on the birthday celebrations. 


The ex-wife of Jerry Lewis has 

filed suit seeking half of his roy- 


Madonna has embarked on a 
career as a Time magazine essayist. 
In a first-person piece in this 
week's issue, the singer and actress 
attempts to remember her friend 

allies from the remake of his If 
film “The Nutty Professor." Patti 
Lewis, who was married to the 
actor from 1 945 to 1980. claims in 
the suit that she is entitled to half 
the revenues from his films during 
that period and that the money 
from the new film is part of that. 
The suit says Lewis received $1.4 
million for ceding the rights for the 

Bill Bradley, who went from 
professional basketball to the U.S. 
Senate and then wrote a memoir, 
made his latest career change this 
weekend with his debut as a TV 
news essayist. The former New Jer- 
sey senator, who once played for 
the New York Knicks, closed the 
“CBS Evening News” Saturday 
with a message on the meaning of 
compassion. “Personal tragedies 
are happening all around us, dis- 
asters that leave people feeling that 
they can’t go on,” Bradley said, 
citing the Oklahoma City bombing, 
the TWA Flight 800 disaster and 
everyday tragedies like fatal high- 
way crashes. “If you know 
someone, family or friend, who's 
been hit by an overwhelming loss, 
let them know you feel their pain. If 
you can't find the words, just reach 
out and touch their shoulder.” 

New Skipper Named 
For the Calypso II 

Re hirers 

P ARIS — The New Zealand 
yachtsman Peter Blake has been 
named to carry on the work of the 
French oceanographer Jacques- 
Yves Cousteau, the Cousteau So- 
ciety has announced. 

Blake’s Team New Zealand is the 
cuirent holder of the America’s Cup. 
after defeating Dennis Conner's 
Young America in San Diego in 
1995. Blake and Team New Zealand 
plan to defend the title in 1999. 

In the meantime, Blake will "par- 
ticipate in Cousteau's main projects 
as much as he can," the society said, 
and the society will gather the funds 
necessary to build Cousteau’s dream 
boat, the Calypso D, which will be 
ready in the year 2000. After the - 
defense of the America’s Cup title, 
Blake “will enter the next millen- 
nium at the helm of Calypso II.'’ 
Cousteau died on June 25 at the 
age of 87. 


Every country has its own AT&T Access Number which 

makes calling home and to other countries really easy. 



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23-3W 15 : v v 

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'■clft-r. r-.-.-j •':> j 

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Mian Fr:e 

Just dial the AT&T .Access Number for the country 

you're calling from and we'll take ii from there. And 

be sure to charge your calls on your AT&T Calling 

Card. If II help \ou aioid outrageous phone charges 

- , . . 
-*hia- 11 ,ndu ' 

S / • ' TNir .[ . 


^•kJ env 


nw t 

on your hotel bill and save you up to 60%? Low 

rates ;ind ihe clearest connections home 24 hours 

a day Rain or shine. Thais AT&T Direcr Service. 

stays mainly in the plain. 

Check the list below for AT&T Access Number. 

AT&T Access Numbers 


Steps to follow for easy tailing worldwide: 

1. Just diJ ihe MOT acos* \umber for the coucrr vyj 
are calling froni 

2 Ihe phone number iiju re calling 

3 Dial the callus: canl iiumhtr hdid ahm* uarr-ana.* 


000 BW t1« 

MM St Id rj# » 



Czech RapAKcA 
Franco . . 




B ah* 


Russia •«(Masnw)i 





00 - 800-1311 
1 -BOS '550-000 
BSOO-OZ 2-9111 
900 - 99 - 00-11 


United Kingdom* 






Enrol* I Cairo )r 

Saudi Arabia 

. 510-0200 


Sooth Africa 





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