Skip to main content

Full text of "International Herald Tribune , 1997, France, English"

See other formats

©ter in Pra«j„ 

Hera lb 


IW> & 



ii:. -.r.: . " 

:j:p V j-‘;. v 

::: ('s..\ 


The World’s Daily Newspaper 

Paris, Friday, June 6, 1997 


. . f . ■ i 

Hong Kong Business Elite Urge Whshin 

mAtraw*" *'■ 

mm fcfupitt Mjv -M-r. . 
SB »ft ShrrStl. al- ; : 

mi Y*ai*" W ** vV* ■' .* . 

i-: >•* - 

5#. *&d the vtt'fc vf -i :: •-, 

Sttcdfci' .\Pr>* *f ^ V : - ' 

A wit af •* bat rr- . 

&iigpkioiJC‘. -‘\ ’ » 

jttKtffc* Juh ffsran? ^ ... f : 
Aft J|Vri*l- JBsriK; r* 

■<*t h** been a !-.n:K a.: 

jfc-sHP "fea u*s . 

nr ftbntrr a - K^h--‘J — : ~ 

tVxoflfcj V t.-y ‘-i;r\ .-. 

i-au BtftpUr- .-sir* ^- . .. 
yu Soviet I ..- 

wSpriftt A ftu-Vt . 

m bvffo.YanrRusy. k u- * • : > 

*■ C Xtettfed *- :::-! r. . . 

iaimiR VKfiU t r ;!-s* • 

^ * k ■ *’ 
dkKtMak. assign- ■.- . 

- d*f v* '.V v 
«t >L*loU ■:•*■%. 1 ' ri - ’ 

By David E. Sanger 

Ww York Times Ser vice 

WASHINGTON — On a warm spring night 
last month, the entrepreneurs and billionaires who 
built modem-day Hong Kong held an opulent 
dinner here at the Foot Seasons Hotel to send the 
Washington establishment an urgent message: 
Calm down. 

Don’t overreact to every Chinese pronounce- 
ment about the future of Hong Kong, they told 
members of Congress and administration offi- 
cials. Don’t assume the worst about restrictions 
on civil liberties. And most important, let us 
handle Beijing. 

“We are not in trouble,” Victor Fung, a prom- 

inent property owner, said that night. “We are not 

In truth, the Hong Kong business elite is pan- 
icked — but about how to manage Washington, 
not Beijing. The executives’ fear is that Congress, 
with no other tools than economic sanctions at 
hand, might lash out in response to a minor 
roundup of protesters or a modest political crack- 
down, and damage an already rocky relationship 
between the United States and China. 

Formally, the United States will simply be an 
observer July 1 when Prince Charles ends Bri- 
tain’s 155-year-long control over Hong Kong, the 
booming financial capital of Southeast Asia, to 
China. But as a matter of economic realpolitik, 
Washington is the central player. 

There are more than 1.100U.S. companies with 
regional bases in Hong Kong, led by investment 
houses like Morgan Stanley and banks like 
Citicorp. The U.S. Chamber of Commerce es- 
timates, perhaps stretching the numbers a bit. that 
U.S.-based companies employ 10 percent of 
Hong Kong's work force of 2.5 million. 

All sides in the arguments and political ma- 
neuvering leading up to the turnover agree that the 
United States is the key to Hong Kong's future, 
both as a huge investor and trading partner, and as 
the single loudest power calling for Beijing to 
respect the territory’s autonomy. 

And in recent months everyone from the de- 
parting British to the bullish-sounding billion- 
aires of the Better Hong Kong Foundation, and 

'on’t Panic 

from labor unionists to Martin Lee. the chief 
democracy advocate, have come here in hopes of 
manipulating the political and economic levers in 
Washington’s bands, to their own ends. 

The executives are calling for Washington to 
do nothing, arguing that strong reactions can only 
anger Beijing. The unions and democracy ad- 
vocates see the United States as their only "brake 
on China, but decline to specify how Washington 
should use its leverage. 

Meanwhile, the administration has begun a 
lobbying campaign of its own in Hong Kong. In 
strong but precisely worded warnings, it has 
argued (hat the markets rather than the White 

See HONG KONG, Page 12 

The Euro’s ’99 Debut 
Appears Less Likely 

After Victory by Socialists in France , 
Monetary Union’s Timetable Is Awry 

■ r ♦ rivft* it “'Way .• . 

1 tour.? rcc • 

si Vac*? l*c 
fact i fett • % ip a: . J - ■ 

i&Zn .fvrwr y ***. r* 7 . \ 
h vvi> jSrij Ka\ T.?> 

/».»: '• 

3cn(feja*a !./■**>■ 

* J*. w V c ‘ 

;.V| ys+viiK iBgl-.'zc. 

srafeV Wart *w 

?. &*» v*s jV-'-i l** v 

■w 1 ir * OiT. ; r,‘‘. 


, Nv* r- W. 

i'ilyng . ? : «wsl 
I ■?* 

-oUti-CS ^.-1 

4 : 


1 V- 4 


i*. * ' •: ■* ! — ■ ■* 

5 . 

4? sj’ 

By John Vinocur 

tnrenutional Herald Tribune 

Christian Saint-Etienne and James 
Lister-Cheese are economists who each 
have made projections of French eco- 
nomic performance based on the left’s 
campaign promises. Both men say the 
results would mean deficits big enough 
to make France fall short of targets ror 
participating in European monetary un- 

Edgar Meister is a director of the 
German Bundesbank, and Howard Dav- 
ies is the future head of the Securities 

Despite Rule 
} Ry the Left, 
No Pink Wave 
For Europe 

By Tom Buerkle 

Itueriunuruil Herald Tribune 

BRUSSELS — For Europe’s ascend- 
ant left, these are heady days of seem- 
ingly unparalleled power. 

The victory of France’s Socialist 
Party on Sunday is part of a sweeping 
change of Europe’s political map. from 
Portugal and Greece in the south 
through France and Britain to the left's 
traditional stronghold in Scandinavia, 
Socialist and Social Democratic parties 
dominate the political scene, beading 
nine of die European Union’s 15 gov- 
ernments and participating in coalitions 
in four others. 

• Spain and Germany are the right's 
last bastions, and support for Chancellor 
Helmut Kohl’s conservative coalition in 
Bonn has dwindled in the face of record 
unemployment and a botched attempt to 
revalue the country’s gold reserves. 

“The opportunity is there to shift the 
Union in a direction we’ve always 
wanted, to deal with the aspirations and 
anxieties of the people,” said Pauline 
Green, the British Labour politician 
who leads the Socialist bloc in the Euro- 
pean Parliament. “First of all, that 
means job creation. ” 

■ But despite their imposing numbers, 
there was little talk of revolution as 
Socialist leaders gathered in Malmo, 
Sweden, on Thursday for their semi- 
annual meeting. Today’s Socialists lack 
die means, and the consensus, to reorder 
Europe’s economic priorities. And 
while their modest reforms may offer 
die best hope of sustaining public sup- 
port fin: European monetary union, the 

See LEFT, Page 7 

The Dollar 

N— Yttdc ThumdayOSP-M- pwitwctaa 
DH 1.7292 1.7288 

Pound 1.6335 1.6332 

Vno 115.655 116265 

FF 5.832 5£306 


fltt&T Vir* '> 

~ Hnwd»yC 3 PAl pwrioiactoni 
335 84720 840.11 

and Investment Board in Britain. Both 
men have warned separately this week 
against excessive assumptions that 
monetary union would come into ex- 
istence punctually in January 1999. 

Every day now, the heavy stone of 
certainty that German and French de- 
termination alone would bring the euro, 
the common currency, to life on sched- 
ule wears away a bit more. 

Because (he subject is tinged with 
defeat and thwarted promise, the lan- 
guage is often that of circumlocution. 
But more experts, and more politicians 
— in the last few days. Prime Minister 
Tony Blair of Britain, the former Chris- 
tian Democratic finance minis ter of 
Germany Gerhard Stoltenberg and the 
likely Social Democratic candidate for 
chancellor, Gerhard Schroeder — are 
now putting their names next -to their 
belief that Europe could well live, and 
may have to live, with a delay. 

In the space of a week, the givens 
changed. Tne election of a Socialist-led 
government in France with ambitious 

France facing a dud on who decides 
its foreign policy. Page 7. 

public-sector spending plans, combined 
with Germany's botched attempt to re- 
value its gold reserves, cast the un- 
certainty of the project’s start in a harsh 
new light. No major European elected 
official has specifically called for a 
delay, but the tone of the discussion is 
changing palpably. 

Against the view of Chancellor 
Helmut Kohl of Germany, who has 
warned against monetary union delay 
almost in terms of war and peace, a 
Bundesbank council member, Hans- 
Jnergen Koebnick, said Wednesday that 
it was “no catastrophe' ' to talk about a 
postponement In Germany, where 
monetary union is widely unpopular. 7 1 
percent of those surveyed in a poll made 
public Thursday favored a delay. 

Those who see importance in keeping 
to the European Union’s timetable feel a 

See FRANCE, Page 7 


Milosevic to Seek 
Top Yugoslav Post 

BELGRADE (AFP)— -The Serbian 
president, Slobodan Milosevic, will 
run for the presidency of the Federal 
Yugoslav Republic in coming elec- 
tions, the independent BK television 
channel reported Thursday, citing a 
top official of Mr. Milosevic’s gov- 
erning Socialist Party. 

Milorad Vucelic, the party’s vice 
president, made the announcement 
after meeting officials from Serbia and 
Montenegro, the two stales that make 
up Federal Yugoslavia, in Podgorica, 

The current Yugoslav president, 
Zoran Lilic, is to step down when his 
mandate expires on June 25. The con- 
stitution prevents him seeking another 

Cohen Plans Trip 

WASHINGTON (Renters) — De- 
fense Secretary William Cohen will 
artead a NATO meeting in Belgium and 
visit Saudi Arabia and four other Gulf 
states on a trip beginning next week. 

111.- l\i- 

A man in Algiers signing the registry alter casting his ballot Thursday for a multiparty Parliament 

Pentagon Draws \ Line 9 on Sex Cases 

Cohen Decides to Disregard Adultery of Candidate to Head Joint Chiefs 

By Eric Schmitt 

WfH* York Times Service 

WASHINGTON — After months of upheaval in the mil- 
itary over sexual relationships. Defense Secretary William 
Cohen has drawn “a line'* and decided to forgive a top air 
force general's adulterous affair in the mid-1980s, saying it 
did not disqualify him as a leading candidate for chairman of 
the Joint Chiefs of Staff. 

Beyond the specific case, Mr. Cohen suggested Wed- 
nesday that the military’s search for sexual misconduct was 
spinning out of control, and threatened to drum out ac- 
coraplished officers iudiscriminately. 

Mr. Cohen said in an interview that General Joseph Ralston 
of the air force admitted to him under questioning that he had 
carried on a yearlong relationship with a civilian woman 
while the two were students at the National War College in 
1983 and 1984. General Ralston, who was then a colonel, was 
estranged from his wife. They later reconciled briefly, then 

See GENERAL, Page 12 

A government official who attended the college at the time 
described the affair as “flagrant'' and said the woman in- 
volved was an intelligence officer. 

Mr. Cohen said that despite the episode, he considered 
General Ralston “a top candidate’’ for the nation's highest 
military job. He said the transgression was outweighed by the 
general’s sterling 32-year record. 

He also said he was persuaded to forgive the affair, even 
though adultery is considered a crime under military law, 
because it happened 13 years ago during General Ralston's 
separation from his wife, it involved a woman outside the 
military and it did not threaten the morale and discipline of the 
aimed forces. 

“I have concluded that the actions taken back in the mid- 
1 980s did not disrupt the good order of the armed forces. ” Mr. 
Cohen said in die interview in his Pentagon office, “and did 
not and would not have brought discredit on the armed forces 
under those circumstances and would not automatically dis- 

No. 35340 

Threats, Go 
To the Polls 

Government Puts 
Turnout at Over 56% 
Amid Tight Security 

By John Lancaster 

M i u/iffi ;;■•!! Post Son n o 

ALGIERS — In an atmosphere of 
rigid security and relative calm. Al- 
gerians fumed out in significant num- 
bers Thursday to vote in their first mul- 
tiparty general elections since the 
eruption of civil war between Islamic 
extremists and government security 
forces in 1992. 

Notwithstanding threats of violence 
by the militants, and continued doubts 
about the government's commitment to 
democracy, polling officials reported 
strong participationby voters, who were 
casting ballots in the contest for the 380- 
seat Naiional Assembly. Many appar- 
ently saw the contest as an opportunity 
to signal disgust with the bloodshed that 
so far has killed an estimated 60.000 

[Most polling stations closed across 
Algeria at 7 P.M.. bur voting was ex- 
tended by an hour at some stations be- 
cause of high voter turnout, Reuters 

[Interior Minister Mustapha Ben- 
mansour said at a news conference that 
the election was held in "very fine" 
conditions and that turnout stood at 
56.02 percent by 6 P.M-3 

“My deepest hope is to see the coun- 
try come back to normal as before, to go 
out without fear, to work without wor- 
ries,” said Mohammed Belaid, a 30- 
year-old gardener, after voting in a 
primary school on the fringe of the 
capital’s Casbah. or old city. 

But voting was marred by reports of 
scattered violence in outlying areas, as 
well as accusations of widespread fraud 
by opposition parties who say the gov- 
ernment has no intention of permitting 
genuine political pluralism in the vast 
North African country. In one reported 
instance, a bomb exploded outside of 
the capital and wounded three people. 

Last November, the government 
pushed through a constitutional amend- 
ment that greatly limited the Parlia- 
ment's powers, and the main opposition 
party, the Islamic Salvation Front, has 
been declared illegal. In January 1992, 
the government canceled multiparty 
elections that the front was poised to 
win, provoking the civil war. 

For now, however, the vote Thursday 
appears likely to bolster the military- 
backed regime of President Liamine 
Zeroual, who is eager to restore some of 
the government's legitimacy as well as 
demonstrate that its security forces are 
able to contain the militant threat. 

Even by Algerian standards, security 
in the capital was extraordinarily tight, 
with armored personnel carriers parked 
at major intersections and soldiers in 

See ALGERIA, Page 12 

Son’s Bribery Indictment 
Wounds Korean Leader 

' " * 

' .3*, 

y'-‘ ** 'V ’ r 

,i-- »-.• • - >i 


si.** 4 '• 

■ 4J- ' 

■S’V' 1 L.r, 


Martina Hingis of Switzerland celebrating her victory Thursday over 
Monica Seles of the United States in their semifinal at the French Open. 


.in Indian Medicine Homan’s Legacy 


Clinton Plans Race Relations Panel 

Books Page 11. 

Opinion Pages 8-9. 

Sports Pages 20-21. 

Thelntermarkat Page 4. 

The IHT on-line 

CiXvpiifd hr Our Sstf Frmi Oojta. tm 

SEOUL — A son of President Kim 
Young Sam of South Korea was 
charged Thursday with bribery and tax 
evasion in a corruption scandal thar has 
crippled his father’s administration. 

Hie son’s indictment was the final act 
in a four-month investigation that des- 
troyed the president's hopes of influ- 
encing the choice of his successor and 
provoked violent student protests 
against corruption. 

Kim Hyun Chul, 37, was charged 
with taking $3.6 million in bribes from 
two businessmen seeking government 
contracts and licenses and his influence 
in a court case over a stock dispute. 

Prosecutors also charged him with 
taking $3.8 million in cash from four 
businessmen and laundering the money 
to evade $1.5 million in taxes. Those 
payments were not bribes, they said. 

The younger Kim, arrested May 17. 
has denied wrongdoing. He is the first 
close relative of an incumbent South 
Korean president to face criminal 

charges. Such a prosecution move would 
have been unthinkable when the nation 
was ruled by the military leaders who 
preceded President Kim. If found guilty 
of both bribery and tax evasion, the son 
could be sentenced to life in prison. 

The case has destroyed the presi- 
dent's credibility ahead of a December 
presidential election. By law, Mr. Kim 
cannot succeed himself, but he had 
hoped to influence the result. 

Prosecutors also indicted Kim Ki 
Sop, a senior government intelligence 
official close to the president’s son, for 
taking $169,000 in Dribes from a busi- 
nessman seeking a government cable 
television license. 

In the past week, thousands of stu- 
dents demanding the president's resig- 
nation have clashed with the police al- 
most daily. The clashes have left two 
people dead. 

More than 1,000 students were de- 
tained in connection with the fighting. 

See KOREA, Page 12 


H— HUtnnd Pric— 

*ttJoa.._ 1I 10.00FF Lebanon IL3.00C 

— 1SL5QFF Morocco 16 Dh 

CtowcfL-tflOO CFA Qatar 1000 Rials 

fW — ££550 Wirton liSOff 

Jtkso* -KX00FF Saudi Arab**... 10.00 R. 

Gabon — .*1100 Cf* Senegd — 1.100 Cf* 

~jfcBOOLb» Spain— «2SPT»S 

May Cd«K. 1.250 CFA Tuw*-~~ .1.250 Dh 

UAE KUX) Dfch 

Ffc US. W (£ud-~si3> 

Kingmaker Role May Fall Again to Spring as Irish Go to Polls 

By James F. Clarity 

New York Times Service 

MOYVAN, Ireland — The most notable public 
event on a warm recent afternoon in this hamlet in 
rural southwest Ireland was the arrival of a huge 
white bus carrying Dick Spring, the local County 
Kerry boy who made good in Dublin. 

And once again, Mr. Spring, who has been 

S ty prime minister three rimes in a 16-year 
icafeareer and is also foreign minister and 
of the Labour Party, may become the king- 

maker in Irish national politics. On one side in the the British government to end die sectarian vi- 
rai ppaign for the election Friday is the incumbent olence and bring peace to the British province of 
government coalition of the Fine Gael party of Northern Ireland. 

Prime Minister John Bruton, Mr Spring’s Labour [The last poll before voting starts showed Mr. 
Party, the third hugest in Ireland, and the smaller Ahern's Fianna Fail add its Progressive Democrats 
Democratic Left party. On the other is a coalition ally nine points ahead, 49 percent to 40, Reuters 
headed by Bertie Ahon, a former finance minister ■ reported. But the survey Thursday, in the Irish 
and leader of the Raima Fail party, the largest in the Independent, showed that as much as 14 percent of 
country, s imported by the much smaller Progres- the 2.7 million electorate remained undecided.] 
sive Democrats. Most experts say that the results will be very 

The issues are taxes, crime, unemployment and close and that neither coalition may win the 84 
which group would do a better job working with seats needed to form a government in the 166- 

member Parliament. If that happened, Mr. Spring 
and Labour, which cnnently has 32 seats, would 
probably hold the balance of power. He could stick 
with Mr. Bruton's coalition, but if that still did not 
give the coalition enough seats, Mr. Spring could 

nas not ruled it out categorically. In 1994, he nut 
the Bruton coalition into power after he walked out 
of a coalition with Mr. Ahern’s party. 

See IRELAND, Page 12 

. J-Vf?’ " f- !; 



■ ••• ' V : 

! A Medicine Woman’s Legacy / Following Hie 'Memory frail' 

Tribe Owes 
Survival to 
Its Matriarch 

Gladys Tantaquidgeon , 
shown in her museum 
recently and gathering 

herbs as a young girl 
saved old records that 
proved pivotal to the 
restoring of tribal 
status to her people. 

To the Poor of Congo, 



By Cindy Shiner 

Wuifimrun PvH Sorrier 

U NCASVELLE, Connecticut — Gladys 
Tantaquidgeon knows how to make a 
tonic from 10 forest herbs. She knows that 
when the dogwood blooms it is time to 
fish for shod, that spiders bring good luck and that 
catnip heals colic in infants. 

She knows these things because she is medicine 
woman for the Mohegan tribe and because three 
elderly women — her grandmothers, she calls them 
— took her under their wing and taught her the old 

She. in turn, became a published anthropologist, 
a social worker to Indians of many tribes and a 
revered elder of her own, a tribe that might have 
evaporated into history's ether if not for her efforts 
and example. It is some example. 

Gladys Tantaquidgeon turns 98 on June 15. and. 
has never been sick enough to go to a doctor and has 
never needed glasses. When asked why, the medicine 
woman, who is barely 5 feel (1.5 meters) tall, smiles 
ever so slightly. She never ate hot dogs, she says. 

Her importance to her people is immense. Fed- 
eral researchers say that the things she knows and 
saved were pivotal in restoring tribal status to her 
people. That status, granted in 1 994, has allowed the 
tribe to build the Mohegan Sun casino, which 
opened in southeastern Connecticut in October. 

In its first six months the casino earned a pretax 
profit of $55.3 million, of which the tribe gets 60 
percent. Already any Mohegan high school gradu- 

By Douglas Martin 

New Vo* Times Sendee 

I v ’ 

1 . smk ■ 

SJ*- ' ; V ^ 

•• 4 

KINSHASA, Congo — . Wten 
Laurent Kabila's rebel forces seized mis 
capital city last month, httle did Mr. 
Kabila know that one of the first and 
most embarrassing challenges to ms 
rule would come from people who could 
barely walk, let alone march through the 

**We were abandoned by ihe'W 
eminent of Mobutu," saidEHeTsniE 
ari. one of the demonstrate**. " w£2, 
to see the new nresidem and sob wfetb 
can do for us/ ~ 

;pt i 

til U V Mi- ■ 

The disabled are only mo# 

id the most visible, of agrowfogefco^ 

fr* - ■ 

itda l r~ 

city m protest. 

It came from hundreds of disabled 

. . 

'■ - ' 


K* rio/TV Vw In/iTim— 

TWU W.Tin» 

ate is guaranteed a college scholarship of $20,000 a 
year. Other uses for the money include a new home 

The objects are illustrations in the story the 
medicine woman has worked to keep alive. “In my 
earlier years I perhaps wasn’t aware that time was 

year. Other uses for the money include a new home 
for the elderly and an aggressive campaign to 
retrieve tribal artifacts. 

Virginia DeMaire, a historian for die U.S. Bureau 
of Indian Affairs, said that Ms. Tantaquidgeon 
provided the key to proving tribal identity. While no 
one doubted the tribe's existence up to the be- 
ginning of this century, what was missing, she said, 
was concrete evidence, particularly after World 
War if, that the Mohegans — immortalized in 
James Fenimore Cooper's “Last of the Mohicans'* 
— persisted as a tribal group. 

Under the medicine woman's antique bed — in 
scores of Tupperware containers — were hundreds 
of postcards from Mohegans, as well as birth, 
marriage and death records. “We needed those 
pieces of paper." Ms. DeMaire said. “They left no 
questions whatsoever.” 

The historian said that Ms. Tantaquidgeon 
provided personal testimony to what kept the'Mo- 
hegans intact: a line of matriarchs who functioned 
behind the scenes, keeping secrets and passing them 
on. And it has been the memory of Ms. Tanta- 
qutdgeon that mattered most 

In 1931 she and her father and brother founded a 
museum, the United States’ oldest Indian museum 
run by Indians. The museum was also persuasive to 
federal researchers. It houses the things that define 
a culture, from a child’s rattle made from a dog's 
skull to little baskets in which to put meat and 
berries for “the little people of the woodlands,” 
tiny invisible beings in whom the medicine woman 
devoutly believes. 

•going by so rapidly, and later I realized that many 
had gone,” she said. “I seemed always to be 
working against time." 

So was Martha Uncas, a medicine wo man who 
lived for 98 years and died in 1 859. During her life, 
many Mohegans were dying of the plague and she 
rook it as a duty to produce as many more as 
possible. She had many mates, replacing each as be 
died or left to hunt, look for work or fight wars. The 
majority of today’s Mohegans are her descendants. 

She passed her secrets to several women, in- 
cluding Fidelia Fielding, who before her death in 
1 908 at 8 1 was the last of them to live in a traditional 
log house. 

Y OUNG GLADYS also learned from two 
other “grandmothers,” both taught by 
Martha uncas and both octogenarians at 
death. Ms. Tantaquidgeon speaks of be- 
ing taken into the forest with the older women at age 
5 as they searched for herbs. ' ‘It was customary that 
the women would observe some of the girls," she 
said. “They would discuss their choice, saying. 

‘Perhaps it might be well to take this one to leant 
certain skills.' Then they would select someone.” 

Other Mohegans consider it likely that Ms. 
Tantaquidgeon long ago selected and trained her 
own successor, although such things are secret 

The medicine woman's life has not been pre- 
dictable. What eariy education she received was at 
home. She met the anthropologist Frank Speck 
when he was studying Mohegan culture and made 
such an impression that he took her along on family 
vacations. In 1919, she began studying anthro- 

pology under him at the University of Pennsyl- 

When she returned home, she applied her know- 
ledge to writing about her tribe, as well as traveling 
to other Indian communities. In 1931, she and her 
father and brother built the museum. 

A series of jobs took her away from home. In 
1935, she did social work with tribes in the western 
United States, and in 1938 she was one of the first 
employees of the new Indian Arts and Crafts Board. 
She helped win Indians the right ro perform ce- 
remonies like the sun dance that had been banned on 
their reservations. 

In 1970, she published a book on folk medicine, 
with descriptions of magic rituals. In 1994, Yale 
University granted her an honorary doctorate for 
her work in herbal medicine. 

She is not sure why she never married, although a 
plaque on her kitchen wall provides a clue. It reads: 
“Women's faults are many. Men have but two. 
Everything they say and everything they do.” 

Each morning, Ms. Tantaquidgeon walks up the 
hill from the home she shares with her sister, Ruth. 
88, to her museum, where she delights in telling about 
the objects and the “memory trail” they represent 

Sometimes she tells people about Fidelia Field- 
ing, who did not teach her the old tongue, because 
those who spoke Indian were often discriminated 
against. Ms. Tantaquidgeon recalls Fielding, the 
last speaker of her language, using the phrase 
“words strung like bright beads on die thread of the 
speaking past' to describe the treasure that would 
die with her. 

■“She instilled in us a sense of who we were,” 
said Jayne Fawcett, a tribal vice chairwoman and 
Ms. Tantaquidgeon's niece. "We wouldn't have 
survived this century without her." 

men — victims of polio, traffic calam- 
ities and other misfortunes — who for 
decades have been operating a lucrative 
business trading produce and other 
items across the Congo River "be tween 
Kinshasa and Brazzaville, capital of the 
neighboring Republic of the Congo. On 
wheels or crutches or scooting along the 
ground on call used hands and knees, the 
men proved their strength over the years 
as they fought off whip- wielding dock 
guards, argued with corrupt soldiers and 
negotiated with tough market women on 
both sides of the river. 

The men’s sheer force of will — 
along with die special discount they 
received on customs duties — enabled 
them to become among the top earners 
of the urban poor here. Some made as 
much as $150 a week — a little less than 
the average Congolese earns each year. 

So when Mr. Kabila's rebels shut 
down the ferry service to Brazzaville 
soon after seizing control of Kinshasa, 
citing security needs, members of the 
disabled community gathered on their 
crotches and squeaky hand-powered tri- 
cycles and protested. 

They hobbled and wheeled over to 
the secretary-general's office, to the In- 
terior Ministry and finally to the gates of 
the towering Intercontinental Hotel, 
where, in the early evening, an official 
of Mr. Kabila's new government gave 
in. He stood in the street and handed out 
cash to the hundred or so remaining 
marchers — about $10 apiece in the 
local currency, to hold them over until 
the ferry service resumed. 

After a li ghtning military campaign 
that brought the rebels to power in just 
seven months, Mr. Kabila’s government 
is sending mixed signals as it tries to 
replace Mobutu Sese Seko's system of 
one-man rule with something more akin 
to a working political structure. Pressed 
by foreign nations to foster multiparty 
democracy, Mr. Kabila has vowed to do 
so — but not before 1999. Although 
urged by opposition parties to include 
them in his new government, Mr. Kabila 
has installed a ruling structure dom- 
inated by his rebel movement and will 
rule by decree, without a legislature. 

But many among this country's long- 
frustrated population of 36 million say 
they consider tangible improvement in 
their daily lives to be more important than 
political reform, fa fact, many people say 
they interpret democratic change more in 
terms of having abetter standard of living 
than in having the freedom to choose who 
will lead the country. 

and the most visible, of a growing 
us who want their needs met sot8*r 
rather than later. They are c alfina fa 
flour, rice, chickens. !^xlines. salted 
fish, soap, sugar, beans toM tomatoes. 
Add to that cash and fricydes. The 
group — which has coafaaced into a 
union of about a dozen organizations of 
disabled traders, anistsioifffaieilecmais 
— also has called on the government 
“to make disappear, by concrete and 
efficient measures, the emrtoirarioa of 
man by man or citizen by die state.” 

Finance Minister MWana ' Mawam- 
panga said the concerns tax being heard 
and understood, but that rhe means of 
addressing them are limited “We know 
that the people have a lot of. expec- 
tations. and 1 understand that.” Mr 
Mawompanga said. “But UietrmhoftlM 
matter is we are only human and we are 
trying to do our best. I'm nor saying that 
we will change things overnight, but 
people will see the trend.” 

Inflation, which had reached as high 
as 6,000 percent in Mr. Mobutu's last 
years, is already on the decline, and 

a*. ." .tS-i.. 

• .r- •-«- i* 

... v ,-.r- * 

-T+ T' W 

□rices have begun ro fall. In addition, 
Mr. Mawampanga said, the Kabila ad- 

Mr. Mawampanga said, the Kabila ad- 
ministration plans to pay public ser- 
vants. who haven't received salaries for 
months, by the end of June. 

“I think they underatand that we 
didn't come here to fill oiir pockets,” he 
said. “They will know thar we can't do 
everything, and they will do their part.'' 

Many people have already began eo 
see results and appear willing to give die 
government time to show them it is com- 
mitted to economic and social reform. 

Tete Drama, a money-changer and 
mother of three, recalling the constant 
shakedowns that were characteristic of 
Marshal Mobutu's security forces, said: 
"Now we are at ease. The military 
doesn't bother us like they used to.” 

She added: "Even if you have a thou- 
sand dollars, nobody is going to take it 
from you. You can even walk to the 
market with money right in your hand 
and nobody is going to steal it.” 

Politics largely has taken a back seat eo 
such day-to-day concerns. While many 
people still support former Prime Min- 
ister Etienne Tshisekedi — a longtime 
opponent of Marshal Mobutu’s who hasj 
no connection with the rebels and con - \ 
sequemly was left out of Mr. Kabila's 
government — protest marches by Mr. i 
Tshisekedi’s backers have dwindled. 

"He only likes city strikes and things | 
like that. We had five days of strikes. | 
and there was no solution,'! . said ! 
Mayikisa Okundalemba. a shoeshiner. 
"He complains about Rwandans being 
in the government, but there were Zairi- 
ans in the government and what did they 
do? Nothing. He should let Kabila do his 





Short-Circuit in Channel Tunnel 
Strands Car-Shuttle Passengers 

TRAVEL UPDATE hAJet With Drugged Co-Pilot Tried to Land in Wrong Direction 

Athens Strike Leaves 

The ,-l.urn nilcJ Press 

PARIS — A short circuit in a power 
line inside the Channel Tunnel tempor- 
arily stranded a car-shuttle train Thursday 
and caused delays in passenger service of 
up to °0 minutes, officials said. 

it was the first major incident in the 
lutuiel since a fire in November. 

Both the car-carrying train and a pas- 
senger-carrying Eurosiar train were 
stranded for about 20 minutes before 
they were able to move, said a spokes- 
woman for Eurotunnel. Mady Chabrier. 
The incident temporarily shut down the 
northbound tunnel and caused a halt of 
several hours in a trial truck-shuttle ser- 

be restored after the Nov. 18 fine in 
which eight people suffered smoke in- 
halation. Truck -transport was restarted 
on May 29. and Eurotunnel has been 
carrying trucks free of charge pending 
authorization for a full resumption of 
freight traffic, which it hopes to receive 
by mid-June. 

The resumption of the service is seen 
as essential for Eurotunnel, which is 
struggling to secure shareholder and 
bank suppott for a plan to restructure its 
SI 2 billion debt. 

EU Worried by Ferries Merger 


The short circuit was caused by de- 
tective insulation in a power line. Euro- 
tunnel said. Only two trains per hour ran 
each way through the tunnel while en- 
gineers worked on the power problem. 

The incident stopped the car-shuttle 
train about 16 kilometers (10 miles) into 
the north tunnel, on the British side, on 
Thursday morning. There were 34 cars 
aboard the shuttle, or about one-fifth of 
its capacity. Eurotunnel said. Passenger 
trains were delayed by up to 90 minutes 
Thursday, but none canceled. 

Track transport was the last service to 

The European Commission has "se- 
rious doubts” about the implications of 
plans by Peninsular and Oriental Steam 
Navigation Co. of Britain and Sweden- 
based Stena Line AB to merge most of 
their services across the English Chan- 
nel. Agence France-Presse reported 
from Brussels. 

The two companies will receive a 
letter outlining the concerns of the com- 
mission's antitrust directorate by June 
1 1, a move that effectively blocks the 

Commission officials said they were 
concerned that the link-up would create 
a duopoly for cross-Channel transit 

Garbage Piling Up 

ATHENS (Reuters) — A four-day 
strike by Athens municipal workers has 
left 5,000 tons of uncollected garbage 
on the streets of the Greek capital, pos- 
ing health risks because of high tem- 
peratures, officials said Thursday. 

Athenians and thousands of tourists 
were forced to dodge piles of rotting 
garbage piled up on pavements, outside 
cafes ana at the entrances of museums 
and archaeological sites. Temperatures 
went as high as 30 degrees centigrade 
(86 Fahrenheit.) 

"If the Athens municipality does not 
take the appropriate measures to declare 
the strike illegal in line with existing 
laws then we will do it,” said Deputy 
Interior Minister Lambros Papadimas. 


LONDON — A British Airways pilot 
tried to land in the wrong direction at 
G&twick Airport after the co-pilot took 
sleep- inducing pills, apparently by mis- 
take, and collapsed, investigators said 

The Air Accident Investigations 
Branch said the pilot of the Boeing 767 
airliner, which had 166 people on board, 
thought he was supposed to be landing 
on Gatwick’s sole runway from the left. 

although controllers had mentioned* 
three times that planes should land from 

the right. The plane, which was en route 
from Pittsburgh, was forced to abort its 

approach to give the pilot time to re- 
program the on-board computers and 
land safely. The incident took place in 

A British Airways spokesman said. 
“The procedures for landing an aircraft 
with one of the crew incapacitated were 
followed; and at no time was the safety 

of the passengers, crew or aircraft com- 

The Air Accident Investigations 
Branch told British Airways to make sure 
its pilots were aware of what medication 
they could safely take when on duly. 

The co-pilot had taken what he said he 
thought were paracetamol-type pain- 
killers. But the pills contained a mixture 
of paracetamol and codeine phosphate 
— which British authorities consider to 
be incompatible with flying duties. 




U.S. Airline-TV Tie-In 
Will Earn Free Miles 

Have you been to 

NEW YORK ( AP) — Watching tele- 
vision will soon help people earn fre- 
quent-flier miles on American Airlines 
— as long as they tune their set to ABC. 
Members of the airline’s AAd vantage 
Club frequent-fliers' program can earn 
free miles by watching ABC programs, 
the two companies have announced. 

AAd vantage Club members will have 
to complete surveys to prove they have 
watched ABC, which fell to third place 
among viewers during the 1996-97 sea- 
son. It was not immediately clear how 
many miles can be earned through the 
promotion, which begins in September. 

Ccnta Do) Sol 








Lm Pataws 







Don’t miss it A lot ha p pens there. 

The number of people killed or se- 
riously injured in road accidents in Bri- 
tain has fallen to the lowest level since 
records began in 1926, the government 
said Thursday. In 1996. there were 
3,598 deaths compared with 3,621 the 
year before. (Reuters) 










CIP cm 
24/JS 16*64 pc 
2W79 20*B8c 
2VT3 8/43 pc 
24/76 1SW c 
27*90 18166 pc 
25177 16/91 r 
27/60 16/61 a 
26/79 190BC 
M/79 14/57 pc 
24/79 14/B7 a 
26/78 17/92 po 
17JB2 1233 r 
18/64 14/67 r 
3Sm 16/91 PC 
28/82 14/57 & 
19/61 pa 
2068 6*46 a 
23/73 M/S7 pc 
20/68 9/48 pc 
26/79 20*86 DC 
22/71 19/61 i 
22/71 16/64 th 
2 THU 14/S7 pc 
2476 19*68* 
26m 19*66 c 
19/66 12/53 c 
26/77 13/56 j/1 
24/78 18/68 pc 
23m 12/63 S 
24/75 11994 c 
24/76 12/53 pc 
6/43 1/34 e 

21/70 10*6011 
24/73 14/57 PC 
19*68 11/52 a 
21/70 10/50 b 
27/BO 17/62 c 
20*66 8*48 * 

24/75 16*61 f 

24/75 17/62 e 

23/73 14/57 r 
2373 MfSOa 

24/75 18/61 p 

Forecast for Saturday through Monday, as provided by AccuWeathor. 

High Low W 
23/73 15/99 pc 

29/79 164*1 r 

23 773 10*50 c 
25/77 1 8*64 c 

26(82 20*68 pc 

27*60 12*53 pe 
29*84 19*64 * 
271*0 16*61 r 
27*80 13*66 a 
27*80 17*82 6 
20*79 18*346 

17762 11*52 f 
1804 10*50 sh 
28*62 16*4 pC 
30*6 16*61 « 
3086 17MB pc 
23773 T 2*33 8 
25*77 17/92 pe 
2*71 is/sapc 

26/79 2066 8 
22/71 13*66* 
23173 12*3 pc 
26/76 14/57 C 
26/79 21/70 pc 
31*0 20*6 pc 
22*71 13*55 C 
27*60 16*1 pe 
27*0 £1/70. 
23*73 17762 r 
2476 14/571 
27*80 14/57. 
406 -1/31 e 
2373 12*53 0 
2679 17*2 9 
2271 13/35# 
2271 13155# 
31*8 16*4 » 
2373 18*01 1 
2577 lb/81 > 
2679 19*66 r 
2879 14/57 s 
2373 1V52-, 

2W2IBW4 pc 

I UvMnonsUr | 



Ctilflng Mai 




North America 

Cool in the Northeast wttti 
scattered showers; Virginia 
through the CaroSnas uri/l 
be quite cool with a wind 
on the Atlantic, Showare 
and heavier thunderstorms 
wS erupt from West Texas 
into the Rockies and over 
New Mexico and Arizona. 
Very warm acroas the 


A storm in the Adamic wW 
brmg wind-driven rein to 
most of the British Jslea 
through die weekend. Very 

coki air will plunge south- 
ward across Iceland. 

ward across Iceland, 
Where snow Is possfcte. In 
comrast very warm air wfl 
surge north out of Algeria 
and into southern France 
end Italy. 


Soaking rax* will contnue 
across southeastern China 
over I he weekend, while 
(he nonhwesi will be 
sunny, dry and warmer. 
Beijing may have some 
Showers early Saturday, 
then kka of sun and warm 
through Monday. Cool m 
Tokyo this weekend with 
showers possible, then 
nicer Monday 



Phnom Ponti 





Today Tcwonoo 

High LowW M*i low* 
28*2 9M8i 29*4 ISR* 
32*6 2066 9. 31*8 MW s 

32*9 2478* 32*6 2475 c 
28/84 19/88 pc 2»82 19M' 
33*91 2577* -C*S 26/78# 
38/109 2879 Qc 38*100 27*0{C 
33*91 2271 e 32*9 23/73 C 
29*84 2373 pe 28*82 29/73pC 
32*0 2679 pc 31*88 2B79pc 
32*60 2373 r 31*68 23*73* 
31*8 2577 pr 2W84 24/75 pr 
4ln06 23*73 1 41/106 24/75 » 
31*8 2373 pc 30*6 !9/73(c 
33*91 25/77 pe 3SHBB 74/75 pc 
32*9 2373 pc 29*4 22/71 ' 
32*9 21/70 pc 36W 20WP< 
33/91 2373 pc 3M» 2£3P C 
40*104 27*0 pc 42/107 27*0* 
32/66 2371 ah 31/aS 2271 #6 
32/89 247601 32*89 247SC 
33/91 24/76 C 32*9 SB09C 
2679 16*1 pc 2577 16*1 W 

'aniei Lehner. of I 

J3/91 2373# 32*9 liTSpc 
31*8 2373 r 29*4 21701 

31*8 247SW* 31*8 2475 c 
2271 15IB9 r 2179 (6*1 P* 

32*0 2679 pe 31*8 2«77pe 

North America 


1*3*1 LowW 

. Tomorrow 
R*0*> LowW 

Middle East 

SS/95 22710 
2271 17*2 5 
33*91 18*4 3 
23*4 1X55 & 
2577 12*531 
43/109 ISAM* 
41/106 2373# 

38*7 2271 r 
2373 IWMpu 
38*7 2170 8 
31/68 15/59 c 
27*0 14/57 s 
44/111 2170 • 
42/107 2677# 







Loa Angntm 


16*1 9/48 41 

2066 IS* 1 
21X6 12*6 pc 
22m 12*3* 
31*8 18WS 
2S79 13*51 
2371 12*53 c 
31*6 2373 u 
33*89 2170* 
2679 16*4# 
32*9 2475 pr 

76/64 16*4 pc UomvW 

IT® 12*3 pe Nassau 
5271 12/33 gh HewVork 
31/M 20*90 pc Qrfcvda 
»78 11*2 pc Phowa 
1M8 13/58 Ui San Fran 
31*8 2373** Sasaki 
3M6 2178 1* Taonu 
15/8? pc vonrouw 
*SW 247Spc Wastrogon 


Mgh uoww 
2577 12*1 pc 
2271 ISSSpc 
32/09 2577 ah 
2475 14*7 pc 
32*9 2(701 
37796 21/70 pc 
2371 1*55* 
am 1 1/62 c 
3373 9/48 pc 
17*2 7/44 pc 

2371 -14/57 pc 

High LowW 
2373 13/6S pc 
2178 12/53 pc 
33*91 2677 ge 
20*98 13*55 sh 
32*9 33731 
34/93 2271 I 
227! 12/53 pc 
20*8 11/51 e 
19*4 11/53 r 
17*62 ' 7/44 pc 
21/70 14/57 3/1 

Wjwra 28*2 17/62 » 34*3 20»> 

Cope Town 16/91 I2ffi3c 17® 8/4jj f 

C/naMoncB 20/77 17® 1 347S l7*2l* 

ttoar# M/B4 13/58 pc 2WM 12SSE 

U«go« 29/84 2271 ' 30*86 2J£}P C 

Nawfa 2373 i3*SSah = 

Tunis MT79 !&*» # SVU WE* 

Latin America 

BuewfeAito* 10*50 3*37 c &U6 
C«wa» 31/86 M74 e 30W OT5 1 
LJ"W M/71 16*1 PC 2373 16*1 » 

•AwfeoCdy 28*82 14*57 pe 2271 ISRBf 
HodeJanesu 2475 18*64 di 24/75 18*17* 
Sartwgo W4fi .3*27 pc 14*7 6»*i» 


13T65 7/44 c 13K WOP* 
2371 14*57 pe 18*4 »■* 

A two-month trial 
Save up to 60 % 

Try a special, low cost 2-month trio! subscription to the 
International Herald Tribune to enjoy delivery to your 
home or office every morning AND save up to 60% off 
the newsstand price. 














3. 560 


60 v, ! 





54-: ; , 




31 0 
















53% 1 




















44° » 

















1 1,700 


57^ I 





SS ; - 





6 O''- ; 







ta. / woutf tie » sfarf reamrg fo IrOan^aKiHaddTAunB. 
□ My check is. endued tpapsble to {/« HI} 

I Q Diners □ VtSA □ Atraa □ ModwCttd □ Euromrd 

fa ox-US <*id Ascn pnem, craril rank wiP bo dxxgod w Froxfi Frona a» oxtwit 

Card No., 

Bcp Dole:, 


fo buiineij orders, avicate yaw VAT No., 

Mr/Mn/Mj Fmafy Name . 

I first Nome: 

| Maifcig Address; 

J City/Code; 

■ M</d732021 126J - 

Imprime pur Offprint. 7J rue de F E\ ungile , 7$0IR Puns. 

Ccxjntrv _ 

Home Tel No: 

E-Mail Addrea. _ 

IgrtSvieopyoffelHraC nk«t □ hotel 

Lll do nor wish ip recaiim intonntfion frt*n other carefully screened axnpanre* 
Atari or fay ktiemotranal H&rald Trfcune 

ini . ^^E- MIDptE EAST & AFRICA 

Fa* +43 1 41 A3 9210. fc! 4.13 1 41 JL3 93 61 

t^tnaa: Asm: subshkmthk**** 

wa " cl ,or (1BW sutwmfaso onlj- 

• • ?t. - ; t . : ;v 

V 1 

i v 


M. w 



'«•» < _e* .» - 

U * ; r> - «; f : ** j : 

Poor of Con 




eraev i 

ans p, 


, c ;/ 

,i - 

:-j isb*5{ 

■ ■* 

-j*!- ifi":-- 


per*.*# 1 : -i 
. .?■ 
Ki- r 

’ Clinton to Form Panel 
On Race Relations 

Move Is Part of Effort to Stimulate Debate 


* si CTXs’*, - - 

iW ; 

."r ' - -:v “ 

— r - 


. .a. 

f : 

• * lA. -■* ■— ■■■ • 

.1*,. Lr-^tr? •; ■ * * 

- • 
*r ; :~#i iJu*« ■ 

V • . 

, 0 --. •- w' -Vic. • •• 
f-f.\ r iv 1 !•.•'• 

tt.”: - K 

7.?:: - 

-.j ...> r-'r^'r" „• 

: Vrt ^ 

* r* - y'v — i • 

_ - l- t- tFi -• 

■vr '•-rv.'.' •. •>. ~ 

•■-x, ; • 

if-sri-t • '■ 
fi*. I a-’ 


.*£/-- * *Jf 1 ■*.,”■ 

; ‘rv-vi. 4 ^-. .. •• 

» :::» i . .'M.’CT* ■•. I-r.J 

/I- - ■■ 

frit'll to ImiuI in H nm- 

• ^=5. •; ix •!<- •:■ m< - 

V «' • i 1 ? •■ ->■?•.-.■ - 

•r,=r • . V' ;• **-•■» ■ 

r-- '•• *' ,i ' .. . 


V ‘ -T^ - *“•" 1. ; ■. •, ■. m —Z . 

311 KB 

1 v.xytv. 

, *c^-- * ’ f 1 • 

• 5 ,. r, ■•'■ 

By James Bennet 

.Vy>i- yort TiiHi»> Sm/ff 

WASHINGTON — After months of 
White House debate over how to im- 
prove race relations and add heft to 
President Bill Clinton’s second term, 
Mr. Clinton has decided to hold' town 
" hall meetings and other events on race 
around the country, appoint a high- 
powered advisory pane] and write a 
report next year summarizing his find- 
; r ings. 

But the overall goals of the pres- 
ident’s race initiative appear fuzzy, and 
some leaders of civil rights groups are 
- worried that it may be intended more to 
' burnish Mr. Clinton's image than to 
address intense issues that divide along 
' racial and ethnic lines. 

Contributing to the skepticism is the 
leaders' grievance that the administra- 
tion is doing too little to protect the 
/rights of minority members. Just last 
week, the Reverend Jesse Jackson sent a 
scalding three-page letter to the pres- 
ident. attacking what Mr. Jackson called 
the "shameful disrepair” of the ad- 
'minisErarion's structure to enforce civil 
rights laws. 

On Wednesday. Mr. Clinton met for 
an hour with Mr. Jackson, who had 
complained that the White House had 
'rebuffed his requests for such a meeting 
"over the past several months.” 

The president plans to announce late 
next week that he will hold the town hall 

Away From 

• The police in Memphis. Ten- 
nessee. were questioning five men 
after recovering grenades and rifle 
ammunition believed stolen from 
an FBI truck loaded with weapons. 
More than a dozen assault weapons 
and thousands of rounds of am- 
munition remained missing. (AP) 

• The son of Time Warner's chief 

executive was tortured with a steak 
knife to make him reveal the access 
code to his automatic teller ma- 
chine card, then killed with a shot to 
rhe head, according to published 
reports. The killer then went to a 
nearby Chase Manhattan Bank 
cash machine and withdrew S800 
from Jonathan Levin's account, the 
Daily News said, quoting uniden- 
tified police sources. (AP) 

• The CIA double-agent Harold 

Nicholson was sentenced Thurs- 
day to 23 years and seven months in 
prison for spying for Russia. Mr. 
Nicholson, 46. pleaded guilty 
March 3 to selling U.S. national- 
security secrets to Moscow for two 
and a hall' years. (Reuters) 

• Children born to Gulf War vet- 

erans do not have an unusual pat- 
tern or frequency of birth defects, 
according to new research. In ad- 
dition, there is no relationship be- 
tween the length of time a soldier 
spent in the Gulf and the risk of 
having a child with a birth defect, a 
team of military and civilian sci- 
entists has found. ( WP j 

• Texas tied its 1933 record for 

executions in a year by putting to 
death its 19th and 20th murderers 
this year: a man who had shot a 
convenience-store clerk and a gang 
leader who had ordered the beating 
death of a teen-age girl. (AP) 

• A Stealth fighter jet skidded off 
the runway at Holloman Air Force 
Base in New Mexico while return- 
ing from a routine training mission, 
injuring the pilot and causing more 
than Si million in damage to the 
plane. The F-117A Niginhawk's 
nose and main landing gear col- 
lapsed, base officials said. (API 

meetings and other events to increase 
discussion of relations among whites, 
blacks. Latinos, Asian-Americans and 
other groups, said White House officials 
and others familiar with the adminis- 
tration's intentions. 

Mir. Clinton plans to appoint not a 
commission on race but a small ad- 
visory board with a large staff. It will 
solicit and gather research on race re- 
lations over rhe last 30 years and make 
projections on how they will change 
over the next 50 years. 

Some White House aides had worried 
that a commission, which would write a 
report on its findings, would be buffeted 
by interest groups and would draw the 
spotlight away from the president. 

Instead, officials said. Mr. Clinton 
will write the report, summarizing his 
vision for diversity and broadly describe 
ing steps that individuals, businesses, 
churches and government at all levels 
could take. They said they expected the 
public discussion, if not the final report, 
to address such subjects as affirmative 
action in awarding contracts. 

Sounding a theme repeated by others, 
a senior White House official said, 
“The effort is about how do we live 
together in a united and strong America 
while respecting each other on the issue 
of race.” 

The White House has been scram- 
bling to assemble the initiative in time 
for the president to announce it in a 
commencement address in San Diego. 

Disaster-Relief Bill 

Faces Showdown 

WASHINGTON — Congressional 
Republicans set a course for a veto 
showdown with President Bill Clinton 
by insisting that an 5S.6 billion disaster 
relief bill include two policies the pres- 
ident strongly opposes. 

The bUl, "triggered by this year's 
devastating floods in the upper Mid- 
west, has been mired in partisan bick- 
ering for weeks, with Democrats ac- 
cusing Republicans of delaying aid for 
flood victims while pursuing their own 
political aims. 

The legislation includes S3 .4 billion 
for 33 states bit by floods, tornadoes, 
mudslides and other natural calamities, 
and SI. 9 billion for peacekeeping op- 
erations in Bosnia-Herzegovina and 
the Middle East. But Mr. Clinton has 
pledged to veto it over two arcane but 
politically consequential matters. 

One would bon the Census Bureau 
from using a siaiisrical technique to 
compensate for suspected undercounts 
of inner-city blacks and Hispanics. Be- 
cause the census is used to determine 
congressional districts, that question 
could have a significant impacr on 
which party controls the House after 
the 2000 head count. 

The other measure would prevent 
government shutdowns such as those 
during the budget battles two years 
ago. (WP i 

Texas Hits at HMOs 

Our1:» Rex Art*ipj’J.Tht AwnelilrU ftr*. _ 

Christine Whitman, who is running for re-election as governor of New HOUSTON — In one of the 

Jersey, listening to a complaint about high property taxes as she sharpest reactions yet in the nation- 
toured the state after running unopposed in the Republican primary. Wlde backlash a § ainst * e power of 

health-maintenance organizations, 
Texas wdl soon become the first state 
where consumers will explicitly be al- 
lowed to sue their HMOs for medical 

"ihe delivery of health care has 
changed over the past decade.” said 
David Sibley, a doctor and Republican 
state senator from Waco who success- 
fully sponsored the legislation. "Dr. 
Marcus Welby is dead. A third party 
has inserted itself into the treatment 
room, operation room and examination 
room. And I can think of no reason why 
a doctor should be held accountable for 
a decision but an HMO should not.” 

For years. HMOs have argued that 
they should be shielded from medical 
negligence or malpractice claims. 
They assert that they are not in the 
business of practicing medicine, only 
of administering insurance policies. 

But consumers, plaintiffs' lawyers 
and many doctor groups say the in- 
surance companies, in a drive to cut 
costs, have interposed themselves in 
medical decisions — by refusing to 
pay for treatments that doctors recom- 
mend. by delaying such care or by 
forcing doctors to try less expensive 
and less effective approaches first. 
Thus, said the bill's advocates, the 
companies should be liable. oVJTJ 

Quote /Unquote 

Nicholas Burns, the Slate Depart- 
ment spokesman, on Richard Hol- 
brooke, the diplomat who will spend a 
week each month away from his job as 
an investment banker to tackle the 
Cyprus problem: "He'll work about 
160. 170 hours a week, maybe 200 or 
300 hours in a week, if he could do 
that." tlHTt 

Judge Punishes IRS for Reprehensible Abuse 9 of Taxpayer 

By David Cay Johnston 

Nr* York Times Service 

NEW YORK — A federal judge in Denver has 
awarded $250,000 in punitive damages to a woman 
whose family's business was raided by armed 
Internal Revenue Service agents four weeks after 
she insulted an IRS agent. 

The agents padlocked all three Kids Avenue 
clothing stores in Colorado Springs, and posted 
notices that clients interpreted as evidence that the 
woman, Carole Ward, 49, was a drug smuggler. 

In a harshly worded 17-page opinion. Judge 

William Downes of the U.S. District Court in 
Denver found that one of the IRS agents, James 
Dolan, was “grossly negligent” and acted with 
“reckless disregard,” and that he made three false 
statements in a sworn declaration. 

The judge, who said die actions by the agents 
violated Ms. Ward's privacy rights, wrote that the 
punitive damages award "gives notice to the IRS 
that reprehensible abuse ofanthority by one of its 
employees cannot and will not be tolerated. ” 

The judge also awarded Ms. Ward S75.000 in 
actual damages plus lawyers' fees. The IRS de- 
clined to comment on the decision. 

The case began in 1993 when an agent. Paula 
Dzierzanowski. audited tax returns filed by Tristan 
Ward, who was then 20. He listed himself as the 
owner of Kids Avenue and his mother as a de- 

Ms. Ward said she accompanied her son to one 
audit, a rancorous meeting that ended, according to 
testimony, with Ms. Ward telling Ms. Dzierz- 
anowski: "Honey, from what I can see of your 
accounting skills, the country would be better 
served if you were dishing up chicken-fried steak 
on some Interstate in West Texas, with all the 
clunky jewelry and big hair.” 

The raid was made four weeks later, after Ms. 
Dzierzanowski asserted chat the government w as in 
danger of not collecting S324.000 in income taxes. 
In court papers, the agent said her action stemmed 
from questions about whether the son really owned 
the business and concerns over Ms. Ward ‘s travels 
to Ecuador, where her husband lives. 

Three months after the raid, the government 
settled the tax dispute, covering six" years, for 

”1 never should have spoken condescend- 
ingly," Ms. Ward said. “That was wrong, but what 
they did to me for mouthing off was criminal.” 

U.S. Army Sergeant in Germany Is Convicted in Sex Inquiry 

By William Drozdiak 

Washington Post Sen-ice 

DARMSTADT, Germany — A U.S. 
military jury cleared an army sergeant of 
rape and sodomy charges Thursday but 
found him guilty on multiple counts of 
indecent assault, in the first conviction of 
an American soldier serving at a foreign 
base since the U.S. Army launched a 
worldwide inquiry into charges of sexu- 
al harassment in its ranks. 

Sergeant First Class Julius Davis, 36, 
was judged guilty by a five-member all- 
male jury on 1 1 counts involving sexual 
misconduct after more than a dozen 
women testified that he had behaved 
improperly toward them. Mr. Davis 
faces a maximum penalty of 31 years in 
prison and a dishonorable discharge 
plus loss of all benefits. 

Mr. Davis is one of three instructors 
accused of sex-related crimes at this 
training base, about 30 miles (48 ki- 
lometers) south of Frankfurt, where sol- 
diers attend a two-week orientation after 
arriving for duty in Germany. 

The trial was the first sex scandal to 
affect American military forces in 
Europe in the wake of accusations of 
sexual impropriety at a training center in 
Aberdeen, Maryland, that led to the 
appointment of a blue-ribbon military 
panel to investigate- the scope of the 

problem in the U.S. Army. 

In closing arguments, the prosecutor, 
Major Michael Klausner, argued thar 
Mr. Davis had exploited his rank to take 
advantage of newly recruited female 
soldiers and intimidated them into not 
reporting his abuses. He called Mr. Dav- 
is "a sexual predator in a target-rich 

The defense attorney, Major Linda 
Taylor, depicted Mr. Davis as a victim 
of a "witch hunt” conducted by crim- 
inal investigators engaged in a frenzied 
campaign to uncover evidence of sexual 
harassment after three sergeants were 
convicted at Aberdeen. 

Major Taylor said nine investigators 
had spent 4,000 hours interviewing 100 
women and 50 men in building their 
case against Mr. Davis. 

Army spokesmen said other instruct- 
ors soon would be court-martialed on 
sexual-harassment charges as well. Ser- 
geant First Class Paul Fuller is expected 
to appear in court next week on 17 
charges including rape, sodomy and 
cruelty to a subordinate; Staff Sergeant 
Robert Robinson has been accused of 
sexual misconduct and remains under 

The first news that sex scandals had 
spread to U.S. military bases in Europe 
came in February, when the army said 
11 female soldiers had lodged com- 

plaints against the three instructors at 
the army’s training base in Darmstadt. 
As the investigation unfolded, more 
women stepped forward with allega- 
tions of improper sexual advances. 

All three sergeants were relieved of 
their duties when the first allegations 
were made in February, and Mr. Davis 
and Mr. Fuller were taken into custody. 
At the same time, the commander of tiie 
Darmstadt training center. First Ser- 
geant George Watlington of Greens- 

boro. North Carolina, was reassigned 
and is under investigation for dereliction 
of duty. He was replaced by a woman. 

Until these incidents surfaced, the 
U.S. Army command in Europe was 
expressing pride at the way it said male 
ana female soldiers were serving har- 
moniously abroad, including in mis- 
sions with the NATO-led peacekeeping 
force in Bosnia. 

Mr. Davis, who is from Fayetteville, 
North Carolina, was accused by a female 

soldier of making unwanted advances 
during their time together in Bosnia. 

Bur Major TayJor insisted that many 
of the women had been pressured to 
testily against Mr. Davis in the mistaken 
fear that they could be prosecuted for 
crimes of their own if they did not. She 
said many women soldiers had ex- 
pressed admiration for Mr. Davis and 
willingly sought his company even after 
the alleged sexual misconduct oc- 

Clinton Lawyer Shifts on Citing Jones’s Past 

Daniel Lehner, of Inflight News, Dies 

By Enid Nemy 

Anr Ktft Tones Srrvicc 

NEW YORK — Daniel 

then a small family candy 
store. She asked for some ex- 
pensive Cuban cigars that the 
store did not cany. Mr. 

Lehner. 49. the president of Lehner’s father jumped in a 
Inflight Newspapers, a cor- car and returned with the ci- 

poration that distributes 
newspapers and magazines to 
.airlines and hotels around the 
world, died of a heart attack 
Tuesday while attending a 

gars. She was so impressed 
feat she recommended fee 
store to officials at fee airline; 
soon the Lehners were de- 
livering newspapers to the 

fomia. According to refer- said: "He was the perfect foil 
ence books, he w'as the first for Groucho. We didn’t pick 
host of a TV variety show, him for feat reason, however, 
first host of a TV sports show. We picked him because he 
first master of ceremonies of was very bright, someone 
fee Easter Parade telecast, who could keep track of fee 
first on-the-spot live TV quiz score and do the math on 
newsreel commentator and the spot.” 

fee first TV wrestling an- < 

nouncer. I ~ 

By Peter Baker 

ftVttftwc/tm Post Servict 

ident Bill Clinton’s lawyer 
has ahruptly shifted direction 
and disavowed any plans to 
attack Paula Jones's past sex 
life as part of his strategy to 
defend against her allega- 
tions of sexual harassment. 

The attorney. Robert Ben- 
nett. said Wednesday that he 
had been misunderstood when 
he told television audiences 
over the weekend that he was 
prepared to “put her reputa- 
tion at issue" if the Jones 
camp tried to use reports of 
previous Clinton dalliances. 

“It was never my intention 
of attacking her sex life, and 
it’s not my intention now,” 
Mr. Bennett said in an in- 
terview. “My reference to 
her reputation was her repu- 
tation for veracity.” 

His new statement came 
after the White House re- 
ceived complaints from 

women who said they felt be- 
trayed by a president who had 
championed their causes and 
from conservatives accusing 
Mr. Clinton of hypocrisy. 

The controversy over Mr. 
Bennett's comments kept 
alive a story Mr. Clinton had 
hoped would fade away, at 
least temporarily, after a 
unanimous Supreme Court 
decision last week rejecting 
his request feat Ms. Jones's 
lawsuit be delayed until after 
he leaves office. 

While saying Mr. Bennert 
spoke for the president on fee 
matter, the White House 
pointed out Mr. Clinton's 
support for a 1994 law aimed 
at limiting interrogations of 
victims of sexual crimes. 

Mr. Bennett has been in- 
vestigating Ms. Jones's past 

as part of his preparation of 
Mr. Clinton's defense. His 
team took an affidavit Sat- 
urday from a man who said 
he was once her supervisor at 
an Arkansas store and alleged 
that she had propositioned 
him, slept with him and ul- 
timately had had to be fired 
for unprofessional behavior. 

On Sunday, Mr. Bennett 
appeared on several talk 
snows and said "it’s a two- 
way street" when asked 
about attempts by Ms. Jones 
to introduce Mr. Clinton’s 
sex life into fee case. 

Ms. Jones's attorneys have 
suggested they may produce 
evidence feat Mr. Clinton, 
when he was the governor of 
Arkansas, used state troopers 
who were acting as his body- 
guards to solicit women for 

him. Ms. Jones has alleged 
that she was solicited in such 
a manner during a state con- 
ference at a hotel in Little 
Rock in May 1991. 

Mr. Bennert said his main 
goal would be to win an 
agreement or a judge’s ruling 
thar would put the past lives 
of both Mr. Clinton and Ms. 
Jones out of bounds. He said 
Ms. Jones's sex life would 
not be relevant except to the 
extent that sh.e makes her 
reputation a basis for her 
claim of being injured. 

"The only way Paula 
Jones's past sex life will 
come into this case is if she 
puts it into issue, and even 
then, because of fee political 
sensitivity of fee issue I. in all 
likelihood, will not pursue 
it,” he said. 

concert" at Radio City Music airline and a multimillion- 
Hall. dollar business was begun. 

Air. Lehner. wife his wife 

.**-#-* «i 

. H I W» ' » #•* <• *' 


ftws ■t#**"** •• 

.• u: - 



- .j— 

and others in the audience, 
was dancing in the aisle dur- 
ing a performance by Erasure, 
_a pop group, and collapsed 
alter returning to his seat. 

Last year, he made what he 
called a six- Figure investment 
“in a company called Interna- 
.tional Flebter Pilots 

■ Academy, the business, 
.started by an Australian ex- 
ecutive, tries to attract chril- 
. «ns from around the world to 
an air base in Ukraine where 
. focy pay as much as S 10,000 

■ to ffy in Soviet-buili fighter 

After Finishing high school. 
Mi- Lehner began working in 
fee .family newspaper and 
magazine distribution husi* 

. bwk in Queens begun by his 
grandfather in 1936. 

The. distribution business 
developed from a chance visit 
H a secretary from Trans 
world Airline's to what was j 

Dennis James. 79, fee host 
of a siring of hit game shows, 
including "The Price is 
Right" and "Name That 
Tune.” died of cancer Tues- 
day in Palm Springs, Cali- 

George Fenneman, 77, 
whose deferential manner 
provided a counterpoint to the 
wise-cracking Groucho Marx 
on fee television quiz show 
“You Bet Your Life,” died' 
of emphysema May 29 in Los 
Angeles. Bob Dwan. director 
of “You Bet Your Life.” 

raoul et curly 

Best duty-free in town 


AUGUST 7 -10, 1997 

If you were, or you know someone who was. a participant 
in the Herald fribnne/VWirid Youth Fbram leifeer Dec- 
March or summer programs), please contact us for details 
of the Association and the reunion: IHT Box 293, 92521 
Neuilly Cede* or 

Catherine Marin (33 I) 47 72 12 15 
Daniela Yaffo Zidon ( 1 914) 2452279 

All major brand 
and cosmetics. 
Silk ties, pens, 
lighters, shirts, 

i. WBPlwW 

Style, Sounds, 
Dining, Arts. 

Hemlines, jazz, restaurants and art - the 
past year’s articles from the IHT can be 
found on our site on the World Wide 

raoul et curly 

47 avenue de POpera 
75002 PARIS 
Tel: 01 47 42 50 10 
Metro Opera 



trnimf 1 '-rtii m the intermarket 

TT +44 171 420 0348 


For sale in Switzerland near ! 



party room, large park and garden with ancient trees, about 
34.000 sq.m, of land, veiy good condition, bordering farm 
land and village, 

Please contact. 

Notter Blatter Dawfotf & Partner, Han* Leortz Notier 
or Dr. Michael Bolt. 

Sctiwanengasae 9. 3001 Beme. 
phone: +41 31/312 53 12, Fax: +41 31/311 0749 

-Center of Montreux,- 

Ofia^aima* krMle. il N mjjh i 1.173 sq 6 i 
A t Uudn amabom 
tudkro jn+anui efcaL Fur buuncm/picd j me 
fire dm to tops a hml 5FR33MQ6. 


Majo AsMdunSA 

TfC *41 — 7J* 57M - Fix; -Ml 22 TJ6 W43 


The Vitim ate Executive 

Fureclo-ain: sale ui l,.'00 sq.ft. 
2 -bed, 2-lwth. villa with bay 
view terrace on the island of 
Anmruj's most exclusive Sr 
James's Club. (With full hotel 
"se rvices and casino, rent of over 
S5.H0O obuined in peak 

Liquidator must sell Freehold 
fur Sl^.OOO^ - a fraction of 
St. James's official price. 

Apply Vi li-jmJjmr'f We agent* 
in Lf inJou: 

Fax: +44<0)171 722 2788 

Real Estate 

Appear, men Friday 
inThe Intermarkei. 

To advertise mnlarl 
KimberU Guerra n<l- Bet rancour! 
Tel.: -3.3 (II) 14143 04 7ft 
Fax: -33 1«0 I 4143 03 70 
or yuiir nearest IHT office 
' or representative. 

Real Estate 
for Sale 


On Die sptanfid land & seaport In Eu- 
nas, one of ton most ma^nevn islands 
100 percent prate a tv sate. 35 acres, 
5 teaches. 1 lagoon, codaga. S55M 
Td 3056326HM Fax 305-S35-B308 


British Cotonria (Cortwo). 3.000 tffll 
lakefronr. appmttoulely 75 acres. 5 
mons. 3 cates. iBsxtenoa (4,400 sqt): 
ana on toe take. tsNsmokehnse. GO 
it dock, lots ol inventory, land tor 
attiehoises. Asking CanSI ,560,000 - 
sold try mmo Phone: 1250) 397-2070. 
Fac (250) 3S7-229* 


/ THE \ 

Offers beau tv and 
tranquillity in an'dmbiance 
of culture '& sophistication 

| We now have a limited offering i 
jot charming hand - crafted town -I 
I houses in the village setting. | 

< Pnbft- about S 425,000 J 

V Tala +* 34 71 639043 f 

X.,,, Fax: ** 34 71 639354 . 



Contact John Lagan 
64-25-343 931. Fax 64-3-474 1501 
email: wrightson® xtraxojtz 


SAINT UAARTEN, Neflurtandi tofltes. 
Waterfront Heme on Oystapond, 4 bed, 
4 ball. pool, boat dock wMi 2 m dept. 
3000+ sq.m (ami ttect ocean access: 
USS550000. Fax (561) 272-5101 USA. 

French Provinces 

IU 400 sqm. stone property. U-shaped. 
5.696 sqm landscaped park. 12 moms, 
equaled kitten. 4 batorooms. garage, 
bam Sunny. Price: FF3300.000. let 
+31 70 355 1694 

UniquB toa twn. H e tm uU rob, 160 sqm 
fang space. Laidscaped garden Pool. 
For drais boc owner +33(^442263214. 

DEAUVILLE. Beautiful Normandy style 
house, near center & beach, a*n area. 
Garden, al contorts. 5 bedrooms, 2 
lovely IVeplaaK. laiga terrace, garage. 
FF43JA Tet Pans +33 (0)1 4722 7B96. 

UARIE DE LA UER. sal cons tr matte 
land, 10.300 sqm.. water, etadrieny. 
Price: FF1.500.0W. Tet Paris +33 
(1^1 42 82 59 89 or (0)1 42 54 04 32- 

ESTATE I79i cent 3 bedrooms, 
GuasYgarfan'a bouse 2 bedroans. 2 be 
part land, gardens. 500 quehy vines, 
7ha forest. Fifty nutted, cvalooking 
secluded valey. Ertytt owner 20 yeas. 
ExuepfanaL FF 1,000,000. Tei/Far 
+33(0}5 53 40 62 26 

Mh modem iraowmerts; 3 bednoms, 
pool, garden, wine caw, county seftna, 
dose to NknesAloftipofier. 5199K. Tec 
(33) 4 66 56 62 84. 

'chateaux & luxury estates of character 

turn 159) to left mantes. Sam west 
6 central France. FFI5M to FF20M. Tel 
♦33 (0)1 4359 9969. Fax (0)t 4289 8321 

French Riviera 

ANTIBES. 2-bedroom llal on harbour 
wtft 160 degree views on sea end 
mountains, high ceNngs, renovated, 
double fang roam. RFl.GOOJTOO, JJC 
HTERNATiONAL Td +44 16! 3329120 
or +33 4 93 34 54 53 

FACING OLD M0UGNS, sea view, lop 
ML reception, 4 bedrooms & baths, 2 
lends, 2300 eqm (andGcapad garden, 
large M rtiiiii u pod, FF3M. Reply: HT, 
Box 291, 92521 Naufly codex, Franca. 

COTE D’AZUR ■ VBMnndu in Her. 
UarpiiBceni 3 rooms, lemcs. sunny, 
view bey 51 Jean Cap FerraL reined 
dsooradon. Tat +33(0K 93 B0 60 TO 

GREECE - KYTHERA lilnd. 98,000 
sqm. land combining mouibrn end sea. 
Td/Fax +301.3322517 


Stunning Brand Naw 
Unify Apartmant 

Sacrifice Sale by Estate 

3 Bertooms. 4 Bjrpm Bats + Terrace 
oveitookmg OM City Gourmet Kitchen. 
Mar He Floors. Fin prtvitaqos in new 

Marble Floors. 
Hiton Hotel goi 
S tfiUlfonfen 

privilege* In new 
, 2400 sq. ft. Askmg 

Contact: EM. Grant, Agent 
Teh {212) 686-4700 
Fax: (212) 688-5082 
277 Park Are, NY, NY 10172 

Broken farted - Al repfes centdentt 

FL OR BICE - PraitglHH comfortable 
PB4THOUSE m Iwlinc cental Flmnce 
ovalootmg be beautttul rooftops aid fa- 
mous Girona. 2 bertam, Jacuzzi, ter- 
race. toubea and more. Cal: Arcadia 
Agency Tel 39-55-581436 Fare 39 55 

366 sqm, 9 bedroonw, 3UZ bans, 
marble entaxe. toy. 3 indoor paricing 
spaces, 3 trim, fags tenon. 
taMous view of nwtennean and 
Memo. Has not been tad to ones 
U5S12M renowBon. For sale ty wnw. 
Id: +S3 (0)6 06 37 03 04. 

Exceptional, te lop conttoiL Maided S 
bottle sta (Port FteyaQ, 25 ton Pate 
cater, 10 fan VersaBes, 15 ba Sami 
Gemdn M school mar jM I alport. 
293 Ryu, a main roans, tig heated pod, 
ped-baittlBSQ, 2300 spn tarakcaped 

l-wded gaidsa 5-car garage + 90 son 
artsfs sedotom Rewfy to roove-Jn. 
mu. Mr, Georaes Nod, 4 rue Vaimner, 
78470 St Lambert das Bob. Tit +33 
(0)1 3944 1260. Far +32 (0)1 3944 12GB 


Sdendd 5coom OBrtHnl, box 
view, stum works. URGENT 

Ttt, RUE DE L’WflVERSTTE - 290 eqm. 
View on Sable, perfect coraSion, mod 
panalng. paUng. rasifs non RARE 
m +39181 4461 0500 Fax 4461 0068 


Td+33(D)1 40 06 03 2Qot21 

EXPATRMTE SELLS 1907 steak Dutch 
ion barge Qiving). Exceplonal 30 m. 
Period lor Mig and touting. Renovated 
in 1990. Interior designed wta comfort. 
qraBy. dr and happiness in mind. Moor- 
ng 5Q km mst ol Pans I Port da non. 
USS 295000. Tat +33 Ml 34 77 56 38 

5th, LATIN QUARTER near Panheon 
and Smbome. charming *pM a terra - 
tage inn room + mezanme. Bathroom 
and ktechen Uy equipped. FFl.IDO.OOQ. 
Td +33 (0)1 4763 6206 / {OH 6729 7968 

LE LTS-CHANTILLY. owner sets Hg 
Insa will lO.DOOoqm garden. Racw>- 
Bon, 6 bedooros, 4 btfnome. 2 Inn. 
20 min. to Roiray. Tei nihee 

OFF BASTILLE, owner safe 72 sqjn. 
apartment 2nd floor, parted cannon, 
interior courtyard, cuet and sunny. Com- 
mnoal lean posne. F1J8OJM0. Td 
(0)1 43 56 21 33 Fax (0)1 47 00 77 10 

siawfa 3-roam comer flat wih open 
vbw. Earned kitchen, period ourftan. 
OwnerFi ,620,000. OHce (0)1 49049063 
or (0)1 4364 7643 wori nj rt i nio i Bi d 

PiedUous kiealon lor etegad too room 
apartmed. 58 sqm ff 1,480900. Owner 
Id +33 [0)1 4200 3932 (aKHRig mi- 
dtene) or +33 (Q6 6043 6190 (moUe). 

7th. RUE DE BEAUNE, 2 toUy rononl- 
ed apartments in 17tti can. tedding. 
64sqm FF3JM. 54sqm. FF22M Own- 
er by Fac +33(0)147033927 

PARK 16te - ALMA 200 sqm. rkolex. 
freestone butting, balcony, high toor. 
panonnoc view over Pans. Tel: 
+33 (0)1 40 54 99 31 

9th. 2 ROOMS, REDONE <7 sqm. 5te 
floor, lA. cellar. Historical tanking. 
FF1.1M. Tet +33 (0)1 46 37 08 75 

BEST PART OF 16lh, 50 m Iran Sera, 
gardens, BIM lower, quiet 3-room Sat. 
3rd floor, on garden, parting, cebr. 
FF2.4 U. Td (W1 4S27 2317 alter 9pm 

n reddantal rtstnets. Para and Nedy. 
Td / Far +33 (0)1 38 65 76 » 

76 sqm . beams. 4ft loor/lfL quel, 
parting. FFZ2M. Td (0)1 42 61 14 18 

I60i cant house, ideal couple. 3/4 
roans, calm. raw. Td +33 (0)143293757 

Summer In France 

Reddantd. Deed me, 115 sqm - 6 
toons, double tering, kitchen, ftepteca, 
bell, rftcwf room, gaz cankal bmg. 
5 ndns REfi, center lows, schools, 
untversfes. FR ,750,000, Tel +33 (0)1 
4660 0117 Fac VIM +33 (0)1 44777806 

sea tal Sate by owner, brand new ex- 
clusive v9& Absolute top location be- 
tween Tossa and Llaret ta Mar wbh 
shaming sea views. Spieodd bouse of 
vary tA qwlty stendanl Rare opportu- 
nity. PM size >215 sq.m, Hvtag area 
about 400 sqm Price USHOjOOa Fax: 
(S52] 2553-8119 



b authorized 
since 1975 

Alkactire pnperta. overtodiig views 
1 to 5 b ed rooms, hum SFr 200,000. 

52, MontbrNant CH-1211 GENEVA 2 
Td 4122-734 15 40 FhX 734 12 20 

VILLA R5-OLLON. [rmwtfala sale. 
2 bedroom, 2 bans, kitchenette, 
furnished apartmanL Indoor pool 
300,000 SF. Tat 514-737-1456 Canada. 

stogie lamfy hum, serrt -detached wfli 
rod balcony. In Kusadaa Tirtey. House 
is Itdf corrftete (tome, rod and exterior 
wails) tragiticont hnter view. Archibo- 
taal plans, batencm and Uchn Meet 
nraiabk Contact Monty Chard. Td: 
212-764-6637; Fax: 212-944-1718 USA 

USA General 

MOUNTAIN RESORT tarn Property, 
large pared, prime location. Cafitomto- 
Nevada border, zoned touts! c om merc ia l. 
Soufe Lake Tahoe. Cattanta. Td USA: 
916-544-4704 « 9166445174. 

USA Residential 


3800 sqJl. 3 bedmansj.5 bafts, meda 
room private dubs: GoB/yachnenrti 
US $1,494. 

Tory Wmren (Downtog-Frya Realty) 
Td: 94M34-804B Fax: 941-43«32t 
Nateerinds- PETHl R NEED BETTER 

60te Floor tog a 1 fiartoom. 1 1/2 bate 
apartment Granite floors, spectacular 
day and night views. Available 
immedatoty. S995K For sale by Owner. 
Cal 201-529-0410 USA. 

ThTwaiP.-lL* : 

ms AAA«a 4M 

YOU CAN HAYEIT A^ bbptewtrt, I 

>ii i ; z_ H «»ki 1 «uvV m MVP. 1 S*»i rW»»+ 

NJ. Lhm fa to county A wort to NYC. 
Diract W 1 into NY iffl lw. Opposite 
Scute Mouitah resendton, carter bafl 
colonial, master bedroom sate wdhje- 
mwi god stoarfsaua shows. 5 m- 
lend bettexra. 7 bates, ctnfti kW» 
raid tags (fadt Bnbfted baswwit wtte 
aparenent lor Swa-An. Witt to achoofa, 
3/4 acre mneurad eKnany 
mtettfaed trara prt» »» S 5J I ** <K 
by owner. Fax Steal (212) 262-S36 w 
m\ 763-2610- 

U i S5 00,000 REDUCTION Madison, 
Wisconsin, rated 11 reddeiribl city fa 
U& by Money itagaaw; 2 horn 
esbte; ST Moor wnnflig pod, taun, 

40.000 student uiivaistty. symphony, 6 
maty artnes, seduded. fesh paid nR, 
154 acres (62 Hectares). U.S. S4.7M. 
negitefaie terms. FAX <-606645-7794 

Real Estate 
for Rent 


or vtea. Beabtca Springal Red Estate 
AganL TePFax: +322673 82 90 

Great Britain 

BIG LAND ABracta dotohla roam + own 
bateroam. Private bouse in county. Cen- 
tal London 50 inns. Car essential. 
£200/5 ntflls. £2507 nights. Td 44 
(0)1883 730617 Fax 44 [0)1883 730372 

ter d ftiandd Dabid, B31 wtei ten on 
Cathedral and private gardens. For- 
rteed Tet UJC. (+44) 01707 264105 or 
Tab Hoeg Kong (+855 9380 4471 


No 1 1n htend 

tor (semi) furnished housesflate. 

Tet 31-206448751 Free 31-206465009 
Ntoven 19-21. 1083 Am Ansaerdam 

AMSTERDAM: Spacious Dal Harbor 
view. 10 n*i Canter. S800 lrom27/B- 
29/7. Td/ Fax: + 31204033331 

HOMEFWDB1S 1NTL Herengracht 141 
1015 BN AmstoRtare Tel +31206392252 
Far 6392262 Eto^woonwleirtllpjfl 

ANACAPRI In aiegant reddaoce very 
cental beaten, 4 nedwxns plus bath- 
room aid taktiaa. Iv. teiephona. knot 
and dear tog. A variate al year excL 
Aug. LA 900.000 weddy. Fs mmer attc 
Mass 055 2577B64 

London • 

KMGHT5BRDGE-1 tad »Wiy» 
bousataapar (mashed. k/dbUSt MV. 
LongWpiataTteL Tel 33(0)4 6828 6917 


Zxq. UL Plekna 28/34, m83. Wir- 
XPofaalTaVFiB+482»28 3S06 

Paris Area Furnished 

Dupta op gadao, 13 0S4BL 
2 bertnooBferiid oondMi 

Ugh dess butting. 
95soiTL-raflnod deoarnon. 

COREPt Td +33(0)1 45 « 92 52 
Fra +33(0)1 « 65 44 13 

Embassy Service 

Tet 433 (0)1 47203045 

ROYAL APARTMENT apposite Mtfnft. 
18>i centny bndnert apartram In cen- 
ter d Pads. Inner courtyard, qud, vay 
sunny. 260 sqm. (2800 stpare fed), 
bigg reception areas, too bed’oerre. taro 
bates. 18 toot cetera, original panda. 
Fully bn shed to htyi stambd. Private 
partha fa courtyard. SI I .OOOMn, up to 
12 crates. Td: Pals +33(0)144696669 

PARIS AREA - PeflthouM apartmert 
Nnfly / Courbevofa in a part overtoofe- 
ing to Seine & Paris. Dn tartans - 
unterground rtnbb parting, ceBar. ter- 
race. hnurioudy funtthad to American 
standards. Fi5.GO<ymcn*i. Mtotom one 
year. Tit +322.B48.B8.1B Far. 

8 TH-LUXURY DUPLEX, oil Avenue 
Montaigne. New, bsauffluly tumldtod 
M» mom. (fining area, i bedroom, 
1 1/2 marble baths, modem custom 
kitchen, bnans/rtshas, guvrtan. 3 
morfflis to 1 yr. Tet 01-4280.4469 

NEAR SEPTEUIL, charming county 
bouse (55 km* bom Paris. A13-14 
40 mbiubi). E bedouins, pool tends, 
3 ha. part - 2 housekaapea (Mng to in- 
dependent house). 5 tons to gofl, 2 bra 
fa horse ridtog, Td +33 (0)1 4640 7661, 

5AMT GewAft, EKSnttULMtfL ' 
class T50 sq.n. Superb afaty ira > 
2 tadN 2 taliL Vtew. PoaHfS;^ i 
Bred etovator. FF2H0» ' l 

W1«74*21.Fb:BJ45748o¥' > 

or 46248233 ta 4G24043B 

Paris Area Unfurnished 


1 : ] ; • ' [ 




fee view. Posdbfe torsamw monto 
or lull year, afeo utenrishad. Td: 
+41-22-718 8000 or -+41-2Z-71B 8012 
Fax +41-22-718 SOW 

Qural location, good pshke transport, 
bomdy birished (new) sepsn mm. 
S4O0 par week. Tet +41-1-371 B 8 96, 
Fax: +41-1-371 15 88 or wqte to KTC, 
P.O. Box 449. CH6046 ZWdl 

roente. From stodtos to 4 bedroans. Td 
+41 22 735 6320 Fix +41 22 736 2671 

2J283 square tod high above to East 
Side with spectacular dews fa every 
(fir action 1 2 master bedroom softer, 
gourmet kilchafi, 400+ sqaara toot 
sdaraim and so much more. Petted to 
entertaining 1 510,300 par monte. 
Zactendorf Realty 2126446461 

week to 1 year. Grad Locations. Cdl 
Pd/Chni 212-4466223. Fax: 252- 
4486226 E-Mot ataneftottaoUoflL 

SepL 1-2 bedroom+dfitt, S3.950+U86 
tksAna 212-9&9580 FX-966-9354 

NYC PENTHOUSE: Share funky, ter- 
race garden, river vtew. 6/19 - 7/19. 
S500Meok SlSOO/ma 212 799 4048. 

on Page 17 

Tti Vi CVTFiVATVIN+Lfy • * 


THE woiojcrs DUD NEWSftvPEK 


WW& (KM H: (01UU3 93 B5. 

AhOOSRA: Andorra [oMda 
V 867 Bli 
Fax: 86783 


ET- (06?) 9712500 
Fax: 1069)97125020 

W (03 3ia-350?,P2] 3444)117 
Fok.{Q4 34&0351 • 

l* 301/68 51 525 
F»: 301/68 53 357. 

FtellAND: Hehmfa „ 
Ta-358 9 608B». 
Fax: 358 9 64G 508. 


W.. 58315738. 

Fax 583 20938 



Feet (47) 55 91 3072. 


W: 351 ■ 1 -457- 7293 
Fax 351-1-457-7352 

SWt Madrid. 

W 4572859. 

Fac 4586074. 


Td. (0211729 3021 
Fac (021)728 30 91 
Td. OI7I 836 480Z 
TV 262009 F w 24)0338 

'»L 12121752-3890 
(8001 572-7212 
Fax 1212)755-9785 



TH (85212922-1188 
Tk 61170 HTHX. 

Far (853 29221190 




j ★ ★ ★ ★ 


; 13. rue D’Aguesseau. 75008 Paris 

' JuMi>fi'rlie Fiiid»>nn; Stiim-Hniuuv unJ Tin • Elysde Palace 


' Vcn exclusive. kvuicU in one of the must prestigious neigh- 
l bourhiH'Js: FjuK'iiry Saint-Honore and Champs Elyseo. 

| Thineen personalized lame apartments up to 1200 sq. feel 
i completely restored in 1^2 with fully equipped kitchens, liv- 
I inji-dimm: room>. j> « ell a> one or luo bednx+ms. one or fxvo 
| marble baihnxrms and some wuh studies. 

I Ideal for bnih lamily holidays and business nips, a perfect 
] ■■pieJ-a-ierre". 

j AH hold sen ices. Daily maid ser\ - ice. Air condirionninc. 
j Underground parking. Complete security. 

i F. nii'ii' lilt' •nihilh ’ll nr nwt n'iirioil*. plt ane fax Jirvcil\ to: 
1 +J3 i«i 1 42 fifi 35 70 nr call +33 (Ol! 44 5! 16 35 

Holiday Rentals 


on a 'Bed & BreaUasT bass 
to Old Pori ol Cannes (near Beaches), 
spurns saten. aftrteck ana fly-tmogs. 
4 double cabns lor 46 persons (I baft/ 
3 shwrers) For short or long soys. 
TEL +33(0)493990361 FAX(0)493394257 

French Provinces 

BERRY, road Jacque Coeur. anoenl 
wranandets residence of Knights Tem- 
plar, )5te cam. Backed on loresL 10 
bedroans wdh ensuri bates, muxs, to- 
del etc. Domestic serves Mn 1 week. 
Tel +13(0)145444012 Fax (0)145493114 

NORMANDY HOUSE, Ital Mil, Juty to 
Sept. 9/ M lull year Fifty hntuhed. 
6 bedrooms, garden (n dunning vlage. 
Part 65 kns. Gwemy 10 kms Tel +33 
(9)t 46 08 2) 72 F« (Oil <7 61 S! 81. 

Archrtoehft Vila, 4 bedraoms. 2 bans. 
AB equqpd. Eacepunal view. From 
June tft to July I 4 ih and Sepierifter 
Tel- Pare +33 |0|! S) 82 47 10 . 

VAR PROVENCE liuur west ol NM 
Rent July / August towty pmv«Bial 
prorate none on i acre contyinq 3 bed- 
rmra 2 baterooms M amenities Pod 
Cal owner +33 KM 94 73 23 93 



Dirtvtly iin ic- privjte furadi 
r'rr>oms and suius 
IV.ult Ji-tmon 
Spuc'ul " -dan RR-kjje in Juh 
Ffi.-m 4.2ri0 FF ricr person 
«irfi hrcJttiM 
jn.J Jrtx-vs I- ■ the bejeh 
15-17 B<3Bauacnn 
Tel 35 10(4 M 93 57 57 
Fax- S3 (OK 92 93 57 56 
SRS Members - Managed by AHMI 

LOUS VaBey chamrag. restored Manor 
m xtySc rural seam win pnvare pool, 
quoad, adusrn. Tel +44 181 9405722 

VERY BEAUTIFUL modem villa lor rent 
300sq.m, horde rug Amecy lakef 74- 
Haul Savoie). ExcofiUonal view. 
3.500sqm land. Highly comtortable, 
nad twee a week, from 29 Jin to 14 
July FF2S.OOO Tel +33(0)450602047 

VAR 6 tan from LUC EN PROVENCE, 
canty house, 5 ha. pool, pnvate toms, 
5 badwre. 3 bates, an contorts, sleeps 
II Near goH For rani June-OeL, F10- 

14m. Tet 10)14699441 71(0)143339319 

Chamwa oto tarrobouse amd vtoeyanta. 

July to SepL S1.000 to SU5D / week 
CaU owner +33 ( 0 )i 4001 6249 (olfice) 
a Ttefa +33 (0)1 4551 3213 (homo) 

acre prr/aie gamers, superb pooVpod 
house 3 betin»ns.lHlvoonB, al amen- 
bes- 2 Seattle TVs. Let SepPOcl 
Tel/Fax: Owner +33 ( 0)4 94 73 79 50. 

cqwBnce staying write largest tadn 
casfie ol France, in one ol to beautiU, 
lEtoricai suites to Lon Valley. 5430 pa 
ngni Td +33 (0)241912221. lax 2560. 

SOUTH BRITTANY - Beach via. inque 
teanen, deeps 8 Weakty renal Jww to 
SepL TaiTac +33 (0)1 45 51 27 02. 

French Riviera 

GRASSE: For rent n Jura. July A Sept 
A beautiful, quwi i undonabH S bed- 
room Bassde wte terns, stomntog pod 
4 boning, sftw 10 koto al dm teres, 
wwnnfc & woods. FK5.0QD per monte. 
FF35.000 per fartniglil TetFax: +33 
(0)4 9340 7270 or +33 (OH 9309 8095. 

CANNES (06) 



Paris & Suburbs 

part eating. Be amed 18 90 vQa n Part 
ol MA 1 SONS-LAFFITTE, wtWn wiring 
dtstance d ttateau. 20 tons west ol 
Pots. 16 nwwtes by REA to ranter. 
Total deganra end contort hr 5 to 7. 
July, SepL 8 Oct USS8.000 / momh. 
Un. 2 weeb. Far +33 (0)1 47 00 K 35. 

MONTPARNASSE - oriel and charm, 
private streel d artist Large bug room. 
1 bedroom. Wasting machineftfishwasli- 
er. On small patio. July 8 /or August 
FF9J00 Tet +33 (0)1 40 61 06 48. 

CLOSE LOUVRE, hty equipped stwfc. 
bnghl and spofless FF350 dally: Midi 
lower long term rates. Tel. owner +33 
(0)1 42 06 3B 67. Fax (0)1 42 61 47 24 

JULY IN PARIS! Lot style apartment 
tab character lor rat, 126sqjiu sunny 
and calm, m Baafle tested FF 30000 
Tel +33(0)144730831 or (0)6604345X 

6 ft, MONTPARNASSE, 30 sqm sto- 
tio/mesaniM, character, sarny, catoi 
F4.600. Tal-fl) 45 67 67 84. 

HE ST LOUS, steteo. 2 beds tim-sn- 
gle. sheets, towels, bate, kitten, TV. 
mSOOQMc. mad TM +33(0)45(1718800 

15)7 - 15/1 Sleeps 3. FFaflOOftno. ♦ 
FF4JM0 deport. Tel +33 W)1 46338018. 

SCEAUX • AUGUST, 220 sqm. house. 
S beftwms, 1000 sqm gartn. IS mm 
Pans eerier. FF1EJM0. +33(0)14^059 


Spedal hearing far Hobday rentals 
wia be appearoig agan 
an Frttay, 13ft ( 20ft June. 

Fur more debfls contact 

OiiiKH DnHkra 

Ml ivenui CMm d* Gtuflt 

SZ200 Nwflty-tur-Selre, Fnmra 
Tit +33 (0)1 II 43 93 85 
Fix: +33 ( 0)1 41 43 S3 70 

The American West 

Grape rise Cuyoi Guest Kaicfa 

Come io tfw legendary «em mid relax 
In tee warm lurattne. (Ode the liafc tee 
Apad+K cafiad honiB. Loam to rope al 
oorcowtioy OWcs. Stargaza undw crystal 
clear Arizona (Uk Enjoy our lagendary 

I Cdl 520-826-3185 
limg Fax 520-826-3636 
IBfeW FriwcrtoruroShBe! 

L . * ' 'I MuwMaduduam 

Bed A Breakfasts 

Mty luxury apartments, superior BIB 
itQistry. many locations. 
Tet 212-475-20® Fax: 2126776420. 

HOTEL AL BUST AN. East of fiotaiL 
a» deluxe. Exceptional tocafloo, sacu- 
my. canton, fine crista. conwni«u, 
busuwss sarwees, SriaBU TV, 18 ran 
tarstor from airport free. UTB1. Fix: 
taU 4672439 / (+33) (0)1-4720000? 



Classic nature, adventure tours & 
safaris in Africa. Loan America, 
Asia. Ladodnna 

Web: hap-j /^roiwjafaricenne.coni 
Td. 310-546-Mll - Fax 310-546-3188 
E-mail, mfofasafaifcenrre.ccm 

20 ft. gtas wd: Central Park & City. 
Ltmrnusty kmristred piano, tax, cable. 
For business, musician or honeymoon 
apple. 1 block to Carnade Hal. 2 to 
Leaermaa. 5 to Lincoln Center. Mnsw- 
ibs, Theaara. Weekly, Monlhty. 3 day 
weekends (iririmum) or long term. 
Tat 212-262-1561. Fac 71M84-4142 

Holiday Rentals Wanted 

BANKER riwih H.Y. from 01/C77S7 
to 0U1Q/S7, VH rani luxury aptanenl up 
to Xmkn, roHfhmitf dose cantril- 

pariL jtom omxi to Paris M. Rosen- 
hagT8l+33ffl1 49 2E 92 55 

Holiday Rentals 


front * tafcta wltipoofa. Our agentx 
have Inspected al ribs personally. For 
msenrikns on St Baits, Si Uati, An- 






New 4 betoon, 4 bates ■ Kuta Beach. 

Luxury prorata vNa. aw confifaitog, 
jecuzzi, pool Imo. to Ml. USSSSOUay. 
FAX: (65) 738 6009 

TUSCAN FARMHOUSE 3 bedroom. 2 
bate, Gorgeous Rental. Superb tata. 
SepL art classes. Call/Fax: (303) 
975-1316 USA or 39578755194 Italy. 

PAN AREA - SmaB quiet house, nice 
rimr. Renting: July 8 August Tel Parts 
+33 ( 0)1 43S5 6441 Fax ( 0)1 4357 7437 



A KBi tampii mot 1947 
vrftoh hour jozaren 

Aline heanriSoJiUjaniia ii KJe+fta 

, brdmnare+ruiink. 

1 i' - * IS? 1 ' 1 * w mtomUe otct 

■ X nw SctoManoit. T, Q1 4&4A61 64, 

You con 1 wropla *e rpey. oromoiic n&o, 
<*ih« *0 ire beeomg roge « Rwce 
Fnmner'i 97* tor 

1 4, nw Daupftlna. 3i Ol 43 26 44 91 


ocean 8 quant vtttago. 4 bortcom house 
Poshnodom, yel cosy. New Engto) to- 
nistangs. Grand piano. Heated swrarfafl 
pool ensconced in groan ay. A/C. M 
S14K. Aug. SIQt 1-212-222-5656. 

Gracious 4 bedroom home. Gardens, 
not verandas, Bray, cooks kfaftn 
Hen ty July or AhusI S25K. Atao lor 
sale. Contact vghtogaSaoLoom; lax 
5 16-287-3587: td 2124616503 USA. 

SOUTHAMPTON NY ton 27-Jriy » 
Estate saion, 4 bedraws. haabd pool 
beautiful ganta. new bouse 6 fura * 1 
fags. Tet 212635-7931 USA. 



Fnjv SrilFnh Saofcal Erenramew 
170 FT QiMd5urolayiA4c*tyfl«*« 
Td QlirFs£2«434fil. 

£7 VYs NEW 



loufier d'or, tkrnm 
reecnmendad by mrogtoM Goriei 
NaorOpira , 

35, rue ToUbout. Mi Ol «« 5**- 


M(to h«ingi ■ Patoonii ■ Ow 


TulWi 6 Wl rowchra bbra“- 9 

5n e a Jfcu rf the Souft-Wtst Tuiift 6 tort bbra“- 9 

£S!Zi tfa . Mmd J l e°M q*i«w o»b<kr b-ow+^remraa. 


NrartowIriwlOTind p g^wdnyi 





Amid Secrecy, 
” ■ — ^ Labor Activist 
Is Reported 
Freed by China 


- • • 




SHANGHAI — A prominent Shang- 
hai dissident has been freed from a 
Chinese labor camp after being detained 
for three years without trial, friends of 
his family said Thursday. 

Bao Ge. 33, had written to his family 
in May saying he expected to be re- 
leased on the eighth anniversary of the 
Chinese crackdown on pro-democracy 
demonstrations in Beijing on June 4, 

Telephone lines to his family’s 
Shanghai home were cut. a family friend 
said. She added that before releasing 
Mr. Bao. the police warned family 
members not to talk to journalists. 

Family members could not be con- 
tacted for comment 

Mr. Bao was sentenced in September 
1994 to three years of “re-education 
through labor,” a form of administra- 
tive detention that can be imposed with- 
out trial. 

Mr. Bao’s mother. Wang Yufen. said 
' earlier there was no link between his 
release and the anniversary' Wednesday 
■ • of the crackdown, but a Western dip- 
lomat said she doubted it was sheer 
^ coincidence. 

- She said it was a message that the 
Chinese authorities “are comfortable 
enough with this day that they can go 
ahead and do this.” 

Mr. Bao had been a member of the 
Shanghai-based Association for Human 
Rights, but was better known as a cam- 

' paigner for compensation from Tokyo 

* "' : ”0 for Chinese victims of Japanese war 



G/ f i i nn — ’ 

jQNltl Mr 

ZT** i THE 

lw HhMV 

"4 *nu*. iimVmm wm. 
1 4 m -trmmm* + 

■ Diplomat Gets Hong Kong Post 

China announced the appointment 
Thursday of a former ambassador to 
Britain, Ma Yuzhen, as its top civilian 
official in Hong Kong after the British 
colony reverts to Chinese rule July 1, 
Reuters reported from Beijing. 

A Foreign Ministry spokesman, Cui 
Tiankai, said Mr. Ma would be the com- 
missioner in the Hong Kong Special 
Administrative Region. He was ambas- 
sador to Britain from 1991 to 1995. 

Mr. Ma. 62. and the garrison com- 

- nander. General Liu Zhenwu. will be 
3eijing's most senior officials in Hong 

lUTcouAOKrt^ 11 ® afier ** lransfer - 

T tHMuRw* . Hong Kong’s domestic affairs will be 
Continues "un by Hong Kong residents after the 
_ _ tandover. but foreign affairs and de- 

ar. rage If w yj remain the central govem- 
tient's domain. 

TAIWAN FLOODING — Fire fighters using a raft Thursday ivi Niao Sung, southern Taiwan, to rescue 
citizens stranded after three days of heavy rains. The floods caused the closure of hundreds of factories. 


Taleban Reported in Peace Bid 

ISLAMABAD, Pakistan — Afghanistan's Taleban 
rulers are reported to have offered its opponents control of 
thenorthem pan of the country as part of a peace plan. 



The proposal was announced 
‘ i is allied to the fundamentalist Muslim Taleban. The 

lursday by Pakistan, 

Pakistani Foreign Ministry said the plan would set up a de 
facto federation between the Taleban, which controls the 

where he will stand trial on drug charges. 

Li Yung Chung was arrested in Bangkok last year but 
fled to Burma in February. Burma sent him back last 
month, and a Thai court ordered him extradited to the 
United States. 

Mr. Li. a Burmese-born Chinese, was indicted last year 
in connection with 1 ,070 pounds (486 kilograms 1 of heroin 
seized in California in 1991. The drugs were destined for 
New York. (API 

capital, Kabul, and its enemies in the north. 

; Taleban 's foes, who are mainly members of ethnic 
minorities, were not immediately available for comment. 

The repotted proposal follows fierce battles between the 
Taleban religious army and an alliance of forces led by the 
former government's military chief, Ahmed Shah Mas’oud. 
The alliance pushed the Taleban out of northern Af- 
ghanistan last week. (AP) 

Hun Sen Warns Political Rival 

Drug Suspect Heads to U.S. 

BANGKOK — The suspected mastermind behind the 
biggest shipment of heroin ever seized in the United States 
left a Bangkok prison Thursday for a journey to New York, 

PHNOM PENH — Second Prime Minister Hun Sen 
vowed Wednesday to use force to keep the nominal leader 
of the Khmer Rouge. Kbieu Saraphan. out of the Cam- 
bodian capital. 

Mr. Khieu Samphan said recently that he had formed a 
political party independent of the Khmer Rouge to take 
part in elections next year. 

But Mr. Hun Sen indicated he still viewed Mr. Khieu 
Samphan as a member of the Khmer Rouge faction that has 
refused to make peace with the government. “The armed 
forces trill not allow it,” Mr. Hun Sen said of the prospect 
of Mr. Khieu Samphan in Phnom Penh. (API 

AS EAN: Less Is More 

Unlike EU, It Moves Slowly on Integration 

By Michael Richardson 

Jnicnuiihviat Hi i aid Tribune 

SINGAPORE — When asked re- 
cently what he had found unique about 
ASEAN, Vu Khoan. the deputy foreign 
minister of Vietnam, thought for a mo- 
ment then replied with a smile: ‘ ’Having 
jo uy to play golf and sing karaoke, 
because it leads to quiet diplomacy." 

As the 15 nations of the European 
Union wrestle with the problems of 
achieving a single currency and mon- 
etary union, the Association of 


Korean Boats Exchange Fire After North’s Vessel Crosses Border 

The Associated Press 

SEOUL — A North Korean patrol 
boat escorting a fishing fleet crossed the 
inter-Korean border Thursday and ex- 
changed fire with a Sooth Korean gun- 
boat, South Korea said. ' 

No casualties were reported in the 
intrusion, the most serious since a North 
Korean submarine carrying 26 armed 
spies and crewmen ran aground off South 
Korea’s east coast in September 1996. 

The North Korean ship fired three 
rounds from a naval gun at the southern 
gunboat, which responded with two shots 
of its own, the Defense Ministry said. 

The ministry said each ship fired be- 
hind the other’s stem. It characterized 
all five rounds as warning shots. 

The incident began when the South 
Korean gunboat approached the North 
Korean naval vessel and its accompa- 
nying fishing boats after they crossed the 
nautical bonier near Yonpyong Island, 
145 kilometers (90 miles) west of Seoul, 
die ministry said. Although the intrusion 
appeared to be unintentional, the De- 
fense Ministry said it was investigating. 

I U.S. Wheat Deal Falls Through 

Though it is reported to be oh the brink 

of famine. North Korea has backed out of 
a rare deal to buy wheat from the United 
States. Tbe Associated Press reported. 

As the grain was about to be delivered 
last week, the Communist government 
told Cargill Inc., a commodity trading 
company, that it would not follow 
through with a deal to trade about 4.000 
tons of zinc for 20.000 tons of wheat, a 
Cargill spokeswoman said Thursday. 
The contract had been months in the 

“Regretfully, we will not deliver the 
wheat under these circumstances.” the 
spokeswoman. Lori Johnson, said. 

South East Asian Nations, which is 
Asia's most successful cooperative 
grouping of stales, is iaking a decidedly 
less ambitious path toward integration. 

When economic ministers from the 
seven countries in ASEAN — Brunei. 
Indonesia. Malaysia, the Philippines. 
Singapore. Thailand and Vietnam — 
meet in Jakarta next week to discuss an 
economic vision for the next century , it 
will not be on the EU model of treaty- 
based common institutions and dimin- 
ishing national sovereignty. 

“We think that the best way to 
achieve greater unit)' from our political 
and economic diversity is to move more 
informally by consensus at a speed all 
our members can accept." an Indonesian 
official said Thursday. “We also think 
that national sovereignty' is compatible 
with integration of our markets." 

Even when Burma. Cambodia and 
Laos join ASEAN in July, giving the 
group a combined population of 480 
million and a combined gross domestic 
product of $590 billion, its secretariat in 
Jakarta will remain small and its budget 

Yet Noordin Sopiee, chairman of 
Malaysia’s Institute of International and 
Strategic Studies, estimates thar if pur- 
chasing power parity is used as a gauge 
of economic strength, an ASEAN with 
10 members will have a gross domestic 
product of $1.6 trillion, which would 
make it “economically almost two 
thirds the size of Japan today.” 

While ASEAN is pressing ahead with 
plans to form a preferential Free Trade 
Area by 2003 to bolster growth and 
investment, it seems content to lag way 
behind Europe in formal political and 
economic integration. 

When leaders of the 10 countries of 
Southeast Asia met for the first time in 
December 1995, Goh Chok Tong. 
Singapore’s prime minister, noted that 
although rapid progress w as being made 
toward a “common house of Europe, 
the extended family home of Asia may- 
be 50 years or even 100 years away.” 

Officials say that when ASEAN was 
formed nearly 30 years, it set itself 
different goals to thone being set then in 
the EU. “ 

ASEAN is not aiming for suprana- 
tional government. Instead it wants to 
strengthen political cooperation among 
ns members so that trade, investment 
ami economic grow th cun occur in a 
favorable climate— one that is peaceful 
and predictable. 

To that end. officials and ministers **f 
the group meet regularly — ai lux 
couni. about 240 such meetings a year 

— to chan practical collaboration. 

So far. the results of this limited in- 
tegration approach have been impress- 

In the Iasi decade. ASEAN economic 
growth averaged 7.5 percent a year, 
more than double the 3.2 percent annual 
growth rate for the rest of the world. 

In the same period, average per capita 
income for the ASEAN countries hay 
more than doubled to S 1.700. from 
S700. while ihe group’s trade increased 
bv 17 percent each year, compared to 
rlie global level of in percent 

Trade among ASEAN members 
leaped from S2 billion in 1970 to more 
than SI 25 billion in 19%. with the 
sharpest rises recorded m the last few 
years as the tariff-cutting schedule of 
ihe free trade program Marred io kick in. 
Under the program. oll’iciaL say that 
today’s average import duty of about 8 
percent w ill fall to 3 percent on nearly 
aU traded goods by 2003. 

But some ASEAN officials and ana- 
lysts worry that the entry of Burma. 
Cambodia and Laos in July w ill slow the 
group’s decision-making anti its pro- 
gress toward regional free trade. 

The three new members may be a 
heavier political and economic liability 
than many of the European and Medi- 
terranean countries queuing up for 
membership in the EU. 

Laos, like Vietnam, which joined the 
group less than two years ago. is Com- 
munist-ruled. Burma is run by a roiliian 
regime that has been widely condemned 

— especially by Western nations that 
have close ties with ASEAN — for re- 
pressing democracy and violating human 
rights. Cambodia Is virtually paralyzed 
by government infighting as it struggles 
to recover from years of civil war. 

•‘ASEAN works on the basis of con- 
sensus.” Mr. Noordin said. “It is one 
tiling — often a very difficult thing — to 
secure consensus among the present 
seven ASEAN members. It is a different 

thine to generate consensus among a 
•f 10. 

group of 10. many of whom have little 
experience in the ASEAN tradition of 
“agreeing to disagree without being 


m mm* r* i • 



Ericsson to develop next-generation 
wireless technology for high-speed 
multimedia services 

Is there no limit to the development 
potential of wireless communications? 

ft’s a timely question to ask, following 
toe announcement by Ericsson of a 
contract to jointly develop an experi- 
mental third-generation wireless com- 
munications system for high-speed 
multimedia traffic such as Internet 

Video by mobile phone 
In the near foture we shad have to change 
our views on the role and capabilities of 
the mobile phone. Today, as around 150 
million users around the world can 
confirm, a mobile phooe is a convenient 
and cost-effective wey of keeping in touch 
with friends, relatives and business 
contacts, wherever you are. 

In the near future, perhaps as early as 
the turn of the century, you'll also be able 
to receive fulf-fnatioa video via a mobile 
terminal, as well as hold high-quality 
videoconference me e t ings, and surf the 

Industry experts forecast a big market 
for mobBe muHJmecfia services inducting 
internet and Intranet access. Visions of 
tnetnagonron a beach surfing the internet 
business executives conducting video- 
conference meetings from their cars, or 
tmuficaJ X-rays being transmuted Item a; 
s p e e d i n g ambulance, could be reaBty in 
Jost a tew years. 

New technology 

- _ The snag Is that today's wireless 

technology teas primary developed for 
vpfoecommunic^ons, not data. In order 

to provide the Information capacity, or 
‘bandwidth’, needed for more complex 

multimedia services, new developments 
in radio technology wffl be required. 

■Wireless technology has been cont- 
inuously and successfully evolved to 
meet the Rowing demands for capacity; 
voice quality and coverage’, says Jan 
Uddenfekft, vice president tor research 
and development for Ericsson Radio 
Systems. 'However, to support the kind 
. of high speed data applications that are 
rapidly emerging, we will have to push the 
data communications performance of 
existing ceftutar standards even further’. 

To meet these new demands, it wffl be 
necessary to balance several factors: 
dedicating toe appropriate bands on the 
radio frequency spectrum, creating new 
radio access methods, building or 
evolving the appropriate network 
architecture, and developing the 
necessary terminal equipment 
A significant step towards toe 
commercial realisation of wireless 
multimedia Is a contract awarded to 
Ericsson by NTT DoCoMo, Japan's 
testing mobile communications operator. 
It covers an experimental system based 
on new whteband-CDMA (Code Division 
Multiple Access) technology to support 
tedMduahvkeiess access at data transfer 
rates of 384 kfailfe. eventually rising to 2 

MbWS-V ' 

• V, .• . , 


Ericssc^pfoneered wideband-CDMA 
tecftnetagSpWKl holds several important 

patents' litfw area. Wideband-CDMA is 

very different from today’s narrowband 
CDMA technology, rofon ed to as I&-95, 
which has only Smiled data capabilities. 
Ericsson has no plans to offer systems 
based on today’s narrowband CDMA 

However, the company sees 
wideband-CDMA as one of a number of 
technologies that hold great promise for 
digital wireless multimedia services at 
bandwidths above 100 kbps. 

Ericsson is also working on dev- 
etopments within today’s GSM and 1S-136 
standards for digital wireless com- 
munications, that will support bit-rates. of 
above 100 kbps. Ericsson has already 
demonstrated the use of GSM system for 
access at bit rates of. 84 kbps, together 
with Ibtia, the Swedish network operator. 

Wideband GDMA. 

at a glance - . 

■ Bandwidth of 384 ; kbps MtiaBy; 
rising to 2 Waps . .. 

■ TCP/IP protocols are Internet; V 
. ^compatible " 

■ True muttimerSa capacity \ 

■ Packet-swished date trand’ : . 
hiassion for radio 

■^Supports fid metioruirkfeo, h&irt 
Internet acc^-anrf 

. ^ V„ 

Growth trends 

Ericsson Is Interim Report for the first 
three months of 1997 draws that the 
track record ofthe past five years has 
been maintained, with sustained 
growth in order bookings, net sales 
and pre-tax income. 

Order bookings increased by 
36 % to SEK 39.213 million. Net 
sales were 36% higher at SEK 
30,705 mSion, and pretax profit 30% 
at SEK 2,020 rraffion. [These figures 
• indude the consolidation of Ericsson 
Teiecommunicacoes SA. in Brazil. 
For comparable unfts the growth was 
29%, 31% and 30% respectively.) 

Commenting on the results, 
Ericsson CEO Dr Lars Ramqvist 
pointed but that this is toe company* 
22nd consecutive quarter of inc- 
reased order bookings. ‘Our strong 
racket organisation and our focused 
investments in research and dev- 
elopment continue to yield very 
(fodtive results' he said. 

> * 

.’Even measured to the increas- 

ingly stronger US Dollar, order 
and net sales rose sharply 
rig the first quarter, by 19 and 
l‘% respective!/. 

The company registered a very 
strong first quarter in mobile phones 
arid terminals, with sales up by 

-■ *100% over the first quarter of 


Voice/data integration 
for multi-site businesses 

A highlight of Ericssonls participation in 
the recent CeBit exhibition in Hannover, 
Germany, was the launch of a new 
communications system that allows both 
data and voice services to be carried 
economically across the same leased 


Called the Multi-purpose Exchange, it 
is a good example of toe way telecoms 
and datacoms technologies are con- 
verging to provide powerful, flexible 
communication solutions for businesses. 

ftieye joins tbe drug BgfcL 

■■ • ;>*<■ 

it combines Ericsson's Eripax (a 
packet/frame switch for routing data) with 
toe MD110 business exchange. Voice 
compression techniques and intelligent 
networking are used to simultaneously 
deliver voice and data within the available 
bandwidth, dynamically allocating toe 
bandwidth in the most efficient manner. 

Data services can be delivered at up 
to 2 Mbit/second, making this an 
economical way to handle many everyday 
data communications requirements. 

The dynamic bandwidth sharing capa- 
bilities of tiie MPX represent an industry 

The MPX is expected to be of strong 
interest to organisations that use leased 
fines to link rfifferent sites. The greater the 
number of sites an organisation has, toe 
greater toe cost benefits of this new 

r,-v: . 

Business Communication System 

MD1 TO rated best in survey 

- ~ - t 

AcconSngJip a recent report from Industry 
analysts'. Datapro, *1996 International 
User Ratings Sunny ocf*HX Systems’, 

Ericsson’s MD110 business communi- 

cations system scored htatett to terms 
of user satisfaction.' ? . 

to the survey of 836fefeoom todus&y 
managers ip 30 countries. Ericsson 
received the top scores lrf9oot of toe 12 

categorieS-They were: toad-paly system 
connectivity; CTI (computer telephony 
integration); ISDN; networking and tele- 

management capabBHies; automatic route 
selection (ARS); system security yofce 
ma* and wirefess/cortfless cap rt bBfe s. 

Respondents included telecom 
managers, facilities managers, Infor- 
mation Systems vice presidents, Infor- 
mation Systems directors, systems 
analysts and other telecom Industry 

In a separate survey canted out by 
Dataquest, Ericsson was ranked as 
Europe^ largest call centre supplier. 

Ericsson's Erieye Airbourne Early 
Waenfag and Control AEW&CJ system 
has been selected by Braza for use in toe 
fight against illegal drug shipments by air 
in toe Amazons - an area roughly half the 
size ofthe USA. 

Erieye is the first tong-range, high- 
performance AEW&C system that can be 
installed to relatively small commercSa 
and mffitary turbo-prop aircraft. Able to 
detect small aircraft at a range of up to 
350 tan, toe Erieye system is attracting 
international interest 

Five Erieye systems worth US$ 
i 45 miSon have been ordered for use in 
the Barazflian SWAM system. This is 
Ericsson’s first export order far Erieye. 

Smallest in the world 

Weighing m at a mere 4.7 oz (135 g), and 
measuring just 4 In (10 cm) high, tins is 
toe workfs smallest phone for Personal 
Communication Services (PCS). 

Designed for use with 
North American PCS 
1900 mobBe phone 
networks, the 

new CF 788 
fits into a 
pocket or 
purse, and 
provides three 
hours: talk 
time, 48 hours; 
standby time. 

World round-up 

China: Ericsson is to mpsnd GSM and TAGS 
mobile phone networks in Jtangsu Province, 
fofcwrfng two contracts from the Jiangsu Post & 
Telecommunications Administration, totalling 
over US* 80 mteon. GSM network capacity wfl 
be boosted to 1 million subscribers. TAGS 
network capacity wffl rise to 300,000 aubserttws. 

In a separate order worth US* 51 million, 
Ericsson is to expand the GSM moble network 
of Liaoning Mobfe Company to a capacity of 1 
mlfwn subscribers. 

fix the provinces of Shandbng and Zhafang 
In the eastern region at China, Ericsson is to 
supply advanced-technology transmission 
equipment based on the SDH (Synchronous 
Digital Hierarchy) standard, that will lay the 
foundation for mutttansSa services. 

Thailand: NMT 900 and GSM mobile phone 
infrastructure equipment worth more than US* 
100 million is to be supplied by Ericsson to 
Advanced Info Services PCL, a subsidiary t jf 
Stunawatra Group. 

Malaysia: The country's largest operator of 
Personal Communications Services (PCS), 
Muflara Telecommunications Sdn Bhd, is to 
more than double the capacity of its network to 
400,000 subscribers, with Ericsson switches, 
base stations and transmlsaon equipment worth 
US* 130 million. 

Brazil: Ericsson Is to supply wireless 
infrastructure systems to increase the capacity 
of ceferiar mob4e phone networks operated by 
TELPE and TELESP, in the states of 
Pernambuco and Sao Paulo respectively. With 
a contained value of US* 1 50 mfion, the oiders 
cover duaknode equipment that wB increase 
the capatity of the existing AMPS networks, and 
also allow digital D-AMPS services to be 

MeanwhSe, the first wport order for Ericsson's 
Erieye Airborne Early WaminQ and Control 
system has come from Brad. Erieye has been 
selected as the afaboma surveillance sensor in 
Ihe S!\AM system, that wffl be used primarily 
for the surveillance ofthe Amarona - an area 
roughly half the size ofthe USA. 

USA: Ericsson is to supply mobBe switching 
centres, radio base stations and associated 
equipment worth US* 250 minion to Omnipoint 

Communications foe (OCQ, to expand Personal 
COTimunfoatfon Services (PCS) in Philadelphia, 
Pennsylvania and New Jersey. This latest 
contract more than doubles Ericsson's business 

Global: Ericsson has been awarded an initial 
contract worth US* 80 mMon to supply mobBe 
switching centres for a global mobile sateffite 
communications sendee ptanned by ICO Global 
Communications. A consortium of Ericsson, 
Hughes Network Systems Inc and NEC 
Corporation has won the definitive contract to 
arppfy the ground segment of the ICO network. 
Eventual sice of Ericsson's share over the next 

ten yews couki reach US* 150 Rflfon. 

TetefonaktteboiagetLM Ericsson 
S-12625, Stockholm, Sweden. 

Ericsson’s IrtofmaUon-oo-domanfl rfytafrflftfl 

can be addressed at www.aricsBoaxom 
than 130 countries, Thercontblnedaxpertiselnnxsd 
and mobBe netmrks, mottia phones and MQoam 

talBBOamu nli at Simt 






iAi * “ft 

Savings dont come any bigger than this; the Thai rescuing these magnificent animals and opening a sanctuary, i would like ** chance ro ^ 

, ’Mr nc ^ 10 Oass tickBB to vfeh: ThaflarKti 

elephant. Over the last 30 years their numbers have You can win one of these elephants together with a rm eapitH ^ : — — — : • • . , ; . , . : • C - 

Company- VnUAnix, ' ' ~ • " • ~'A 

plummeted from 4!, 000 to a mere 5, is now officially trip, for you and a friend, to visit it in Thailand. Address t □Hto Dwi dr • . . • • « ~ — ^ ^ 

an endangered species. The competition is free to enter. But please, make . • . ; . i ’ - Fax ~ • — rrt?f 

Many have been forced onto the streets of Bangkok a donation if you can. it’s time to take Char s e «wpAmex Doin«*aub ovisi aMasoraid Card Ju^boviibge Founda»OTg 

where they become malnourished and suffer from stress the elephants from' the concrete jungle i do not to ^ wlacriberf □ Y.*OT§| 

1 JUlS^SLt Bofl&^so <3oucesoer Road, ^ P °^ W '*^ e "Oi* H ®phaircs ,, cfo 1HT, 77F 

and insomnia. Thai Airways International is helping by and put them back in the real jungle. ..... . avc t u- uaifermore***^^ 

.Bcta&SHErUnnH: _ : ^ V IP T HM | tg. p u ji N T 

"' — 4ft 

(WAiujiR i |Losrcr.-scN%»m.c , < ?iu- fj ‘v^ri liTH! HTflo wmk jonmri rcsi cmtoe nwrem<?idorwM 







After Bosnia , Holbrooke Takes ort Cyprus 

By Thomas W. Uppman 

W'uriiHjgMH Post Service 

WASHINGTON — The American 
diploma! who brokered the agreement 
to end the war in Bosnia is taking on 
another Mission Impossible in Europe: 
the Cyprus impasse. 

The State Department spokesman, 
Nicholas Bums, announcing that Pres- 
. ident Bill Clinton had appointed 
Richard Holbrooke as special presi- 
dential envoy on Cyprus, said: 

“The president and Secretary of State 
Madeleine K. Albright have repeatedly 
stressed the importance that they attach 
to resolving the Cyprus problem. The 
appointment of one of our most capable 
negotiators demonstrates our commit- 
ment to help promote a final political 
settlement on Cyprus.” 

As assistant secretary of state for 
European affairs in Mr. Clintons first 
term, Mr. Holbrooke was the principal 

architect of the Dayton accords that put 
a stop to the fighting in Bosnia-Her- 
zegovina and outlined a political set- 
tlement in the former Yugoslavia. 

Because of that feat, his appointment 
as presidential envoy gives instant 
credibility to a major diplomatic effort 
expected this summer by the United 
States, Bri tain, the European Union and 
the United Nations to end the 23-year 
stalemate between Greece and Turkey 
over the divided island of Cyprus. 

While in the Slate Department. Mr. 
Holbrooke lobbied for just such a con- 
certed effort, saying that a Cyprus set- 
tlement was the key to resolving mul- 
tiple issues between Greece and Turkey 
and calming what he considered the 
most volatile region of Europe. 

But Cyprus may be harder to solve 
than Bosnia, diplomats said. The drive 
for a Bosnia settlement was propelled 
by the desperation of the United States 
and major European allies to end a 

savage war. In Cyprus, nobody is des- 
perate — on the contrary, the problem 
is political inertia that has set in 23 
years after Turkish troops seized the 
northern third of the island 
Furthermore. Greece and Turkey are 
NATO allies and Mr. Holbrooke will 
not be able to push them around as he 

S ished around the Balkan leaders at 
ayton, diplomats said. 

Mr. Bums said Mr. Holbrooke, an 
investment banker at Credit Suisse 
First Boston in New York, will devote 
about one week a month to his new 
assignment, which carries no salary. 

“A week a month for Dick Hol- 
brooke is a full month for most other 
people,” said Mr. Bums, who as the 
likely next U.S. ambassador to Greece 
will also be involved in the Cyprus 

■ Appointment Is Welcomed 

The opposing sides on Cyprus wel- 

comed the appointment of Mr. Hol- 
brooke, Reuters reported from Nicosia. 

Manolis Chrisiofides, spokesman of 
the Greek Cypriot-led government of 
Cyprus, said Thursday. “With the ap- 
pointment of Richard Holbrooke as the 
new presidential emissary on Cyprus, 
the government of the United States is 
implementing its promises and reaf- 
firms the importance it places on a 
solution to the Cyprus problem.” 

The Turkish Cypriot leader, Rauf 
Denktash. welcomed the appointment 
as a “positive step.” 

Greece said the appointment signaled 
renewed U.S. interest. 

“The Holbrooke appointment is a 
clear indication of the strong interest by 
the United States to take an initiative to 
resolve the Cyprus problem.” said a 
Greek government spokesman, Di- 
mitris Reppas. 

But he said Greece would not accept 
any intervention from the envoy in 


AftThr Fnnkc.Prr** 

Richard Holbrooke: Cyprus may- 
be a tougher nut for him to crack. 

Greek-T urkisb disputes over rights in 
the Aegean Sea. 

“The Cyprus issue and the matter of 
Greek-Turkish relations are separate.'' 
Mr. Reppas said. 


Paris Faces a Duel on Foreign Policy 

By Joseph Fitchett 

International Herald Tribune 

PARIS — After a first brief cabinet 
meeting, Lionel Jospin, the new French 
prime minister, flew to Sweden on 
Thursday for a meeting of Socialist heads 
of government andparty leaders, while 
President Jacques Chirac was cloistered 
in his office preparing for his first post- 
electoral public appearance — a speech 
Saturday to social security managers. 

While the timing was coincidental, 
the juxtaposition of Mr. Jospin's Euro- 
pean jaunt and Mr. Chirac's domestic 
schedule pointed up the likelihood that 
the president has forfeited his near- 
monopoly in foreign policy. 

Thai is only one casualty of his mis- 
step in calling snap elections that boom- 
eranged, replacing center-rightist rule 
with a Socialist government. 

In the wake of defeat, the outlook for 

the right is clouded by internecine feud- 
ing and criminal investigations, prob- 
lems aggravated by Mr. Chirac's 
weakened position. 

Mr. Chirac sought to put a dignified 
face on the situation at the first cabinet 
meeting, asking to' be introduced to 
every minister instead of singling out 
individuals for a word or two, as former 
President Francois Mitterrand used to do 
with a hostile government. 

Afterward, Mr. Jospin said that the 
new era of cohabitation opened in an 
“atmosphere both serious and relaxed 
— no excesses.” 

His spokeswoman, Catherine Traut- 
mann, added that the prime minister 
“pledged to work with respect for the 
high constitutional prerogatives of the 
president, calmly and rigorously as befits 
the running of the country's affairs above 
differences of political conception.” 

Despite the polite rhetoric, Mr. Jospin 

LEFT: Despite Victories , No Vink Wave 9 

Continued from Page I 

Socialists also run the risk of disap- 
pointing their core voters. 

Tbe Socialist camp is a diverse bunch 
that defies any easy consensus, incor- 
porating as it does Prime Minister Tony 
Blair of Britain, with his almost 
Thatch elite, free-market beliefs, and the 
Socialists of Lionel Jospin, who swept to 
power 1 in France by promising to create 
700,000 jobs and slash the working 
week without cuts in pay. 

* In Germany, for example, the internal 
Social Democratic split between the tra- 
ditional left-wing supporters of Oskar 
lafontaine and the moderate camp of 
Gerhard Schroeder may be the party’s 
biggest obstacle to wresting power from 
Mr. Kohl next year. 

In addition, some Socialists are hes- 
itant about the basic process of European 
integration, the glue that should bind 
them. While Antonio Guterres of Por- 
tugal is pursuing deficit-cutting reforms 
with gusto to ensure his country’s entry 
into monetary union, the Malmo meet- 
ing’s tost, Goran Persson, bowed to 
hostile public opinion this week and 
ruled our Swedish participation in a 
single currency in 1999. 

“The differences between Socialists 
in power in Europe is extreme, so one 
cannot really talk about a pink. Socialist 
wave," said Dominique Moisi. director 
of the French Institute for International 
Affairs. “But social concerns, whatever 
that means, are back at the center of the 
European agenda.” 

Although Mr. Blair's conservatism 
stands out, the economic realities that tie 
behind it are accepted by most Social- 
ists. Voters may be fed up with austerity. 

unemployment and the monetarist or- 
thodoxy associated with Europe's 
planned single currency, but leftist lead- 
ers are not calling for old-fashioned def- 
icit spending. 

“Structural reforms are necessary not 
because of the single currency but be- 
cause of the need to modernize society,’ ' 
said Piero Fassino, a prominent member 
of die Democratic Party of the Left, the 
dominant party in Italy’s center-left co- 
alition government 

Even Mr. Jospin has shown signs of 
backing away from his promises. 

“The most difficult problem is not the 
single currency,” Jacques Delors, the 
Socialist and former European Com- 
mission president, said in an interview. 
“The greatest problem for France is 

He said the Jospin government would 
fulfill France's single-currency commit- 

for welfare and labor reforms at home 
while insisting on a flexible interpret- 
ation of die Maastricht treaty criteria for 
participation in a single currency. 

The one thing all Socialists agree on is 
the desire for a new EU treaty provision 
requiring that countries coordinate their 
employment policies as much as they 
now coordinate efforts to cut deficits and 
inflati on. Their support virtually guar- 
antees the clause wul be adopted when 
EU leaders meet in Amsterdam on June 
16 and 17 to conclude the treaty. 

“We do not want- to open up the 
criteria” for monetary union, said La- 
bour’s Mrs. Green. ‘’We’ve got to find a 
balance which allows the beginning of a 
coordination of macroeconomic policies, 
and the beginning of a coordination of 
active employment policies in Europe.” 

has demanded a voice in discussions on a 
single European currency, a domestic 
economic issue that is also the key for- 
eign policy question for France. 

In a duel of nerves for control of 
French policy, Mr. Chirac is particularly 
vulnerable because conservatives are in 
disarray and near despondency. They are 
unlikely to provide political support of 
the sort that Mr. Mitterrand got from the 
Socialists when he had to coexist with 
conservative governments. 

Already, Mr. Chirac faces a 
grounds well of recriminations dial has 
already focused on his small, tightly knit 
team of advisers. 

‘ ‘They kept the president cut off from 
everyone else, so he blundered into the 
elections without a clue about what the 
country felt.” a loyalist said. 

For two years, Ghislaine Ottenheimer, 
an author, wrote this week in L 'Express 
magazine, "France has been governed 
by four men: Chirac, Juppe, ViUepin and 
Maurice Gonrdault-Montagiie.” Domi- 
nique de ViUepin is chief of staff in the 
presidency and Mr. Gourdault- 
Montagne is tbe top aide to the outgoing 
prime minister, Alain Juppe. 

In spotlighting the quartet. Miss Ot- 
tenbeimer was echoing a widespread 
view that the president was overly de- 
pendent on Mr. Juppe, the one-time aide 
who became Mr. Chirac's alter ego and 
then prime minister — and was kept too 
long despite his record unpopularity. 

To block outside interference, Mr. 
Juppe sent his own top aide, Mr. de 
Villepin, to become Mr. Chirac’s chief 
of staff — in effect, the gatekeeper of the 
presidency. Mr. de ViUepin 's own 
deputy and protfgd, Mr. Gourdault- 
Montagne, moved up to become the 
prime minister's top aide. 

Mr. Chirac can protect his staff but not 
Mr. Juppe, whom he sought unavail- 
ingly this week to keep as party leader. 
Party barons and survivors of the elec- 
toral massacre insisted that Mr. Juppe go 
— and be replaced by Philippe Seguin, a 
proven vote-getter. 

More than just a backlash against Mr. 
Juppe as the architect of electoral defeat, 
the revolt underscored the president's 
diminished political standing. 

“Mr. Chirac is no longer the pre- 
sumptive, conservative standard-bearer 
in the next presidential election, so party 
leaders feel less need to reckon with 
Him, " said Alain Genestar, a newspaper 
editor in Paris. 

With Mr. Chirac losing stature as a 
unifying leader, the conservative parties 
seem to be going separate ways. The 
most damaging split involves Jean-Marie 
Le Pen’s National Front, whose hostility 
to tiae center-right parties in the election 
cost the right 40 seats. To reconquer 
Parliament, analysts said that center- 
right strategists seemed obUged to find a 
way of hiring Mr. Le Pen's supporters. 


*•1995 Horse ot 
But Year 

IB A*)'* opposite 
17 Opera cast 


ia Important 
boards, tor 

w Molecules that 
bind to 
' receptors 

m looks 


~TiinMMdapartOTWl&3rnar*tear - 
nomir u rtaiahid.readmttalBmtt, 

"W Pate +33(Q)i 42253225 
Fat Pate 433(ty1456337U 

21 Certain neckline 

22 Humorist 

33 Encrusted 
M Captain’s log 


30 Shows 
an Blisters, of a 
• kind 
32 Handicap 
ai Force units 

■ Western Athletic 

a They're not part 
ot the body. 

« Tornado refuge 

M Foundry device 
32 Kind of fair 
a> Capable of 
being tatt 
M — profundo 
workers: Abbr. 

41 Singsong 
40 Press Into 

eo Stipe' stalkers? 
•i Glorify 

*a They get taken 
•4 Word with hard 
or book 
As, o.g. 


i Weave's partner 
a Geometry's 
— of Cassini 
3 Actress Copley 



« Parts ot sonnets 
I in 

THona racing 

11 Ropes, so to 


12 Reverse, ag. 

13 Museo offering 

14 “E.R." doctor 
as Homecoming 

za Town by 

Palisades State 

2 a Fighting torce 
2* Scientific 

discovery of 

fa Airs 

27 fUch tapestry 
3i fifty minutes 
past the hour . 
»“ — -quern 
vttierf* (North 

30 Penitentiary 

at Inventor 
heroine _ 
ae Nourished: Var. 
37 Young salmon 
a» Not square 

4i Words before 
43 Rum 

4« 8*way hits 

m m — the 
4S Settled 
4T Low-cal 
4* Impressionist 

©New York Times/Edited by 1 Fill Shorts. 

MAncient Roman 

si Naii. registry org. 

Solution to Puzzle of June 5 

manna mama ana 
mmaom rnmnaa mam 

anna □□□□□□ 
amain anaa 
mmna □□□□ 

□□□□□a amna 
omao aaaaaam 

bob ammam aaama 
BBm otJEUj aamaa 

Plfnci KovftnL/AfCfKx 1 Rmcc4ft«c 

Dominique Voynet of tbe Greens party, the new environment minister, 
arriving Thursday at the Elysee in Paris for the first cabinet meeting. 

Croat Who Helped 
Start War Is Freed 

ZAGREB, Croatia — A Croat 
convicted of a murder that helped 
start the Balkan war in 1991 was 
pardoned and released from prison, 
the Croatian newspaper Slobodna 
Dalmacija reported Thursday. 

Ante Gudelj. 49. was sentenced in 
absentia in 1994 to 20 years in jail 
for killing a police chief in the east- 
ern Croatian town of Osijek in July 
1991. He was released Wednesday, 
as the SupremeCoun concluded that 
an amnesty law applied to his case. 

The killing of the police chief 
helped spark" the outright war be- 
tween rebel Serbs and independent 
Croatia. MFl 

Vienna Leader Wins 

No-Confidence Vote 

VIENNA — Chancellor Viktor 
Klima survived a no-confidence 
vote Thursday called by the far- 
right Freedom Party over privat- 
ization plans for the country's top 
bank. Bank Austria. 

Parliament voted 11? to 3? 
against the measure. 

The opposition Greens and lib- 
erals backed Mr. Klima. the Social 
Democrat who took over as chan- 
cellor on Jan. 28. ( Reuters) 

Oslo Declares War 
On Biker Gangs 

OSLO — A bomb that leveled 
the Norwegian headquarters of the 
Bandidos motorcycle gang, killed a 
passerby and lefr a quiet neigh- 
borhood in ruins had Norway de- 
claring its own war on feuding Nor- 
dic bikers Thursday. 

Prime Minister Thorbjom Jag- 
land said, “We have to catch these 
fiends and punish them.” 

Hours after the blast late Wed- 
nesday, a broad range of politicians 
called for a crackdown on gangs, 
including the Bandidos and its 
rival. Hell’s Angels. (AP) 

Russia Seeks Talks 
On Nuclear Arms 

GENEVA — Foreign Minister 
Yevgeni Primakov of Russia called 
Thursday on the Conference on 
Disarmament to break its impasse 
and start negotiations to ban pro- 
duction of bomb-making fissile 
material as the next step in nuclear 

In a speech to the 61-member 
forara, Mr. Primakov said that 
Moscow also supported negotiating 
a global ban on anti-personnel land 
mines, but that it should be im- 
plemented in phases. (Reuters) 

Delors Says France Is Tied to the Euro 

By Tom Bueride 

International Herald TYibme 

BRUSSELS — The new Socialist 
government of Prime Minister Lionel 
Jospin will fulfill France's commitment 
to launch a single currency on schedule 
in 1999, but it will insist on a flexible 
interpretation of the economic criteria 
for membership, Jacques Delors said 

Mr. Delors, a former French finance 
minister and president of the European 
Commission who helped design the 
Maastricht treaty blueprint for monetary 
union, said in a telephone interview that 
he campaigned for tbe Socialists only 
after being convinced that Mr. Jospin 
intended to support the single currency. 

He dismissed the suggestion that Paris 
might press to delay tbe introduction of 
the euro, the single currency, to give 
priority to the fight against unemploy- 

“There's only one place where that 
will be decided, and that's in Germany,” 
he said about a possible delay. “In France, 
the necessary measures will be taken." 

Mr. Delors's affirmation of the single- 
currency project, which followed similar 
comment by Elisabeth Guigou, the new 
justice minister, were likely to reassure 
France’s EU partners. 

Tbe prominent cabinet positions giv- 
en Wednesday to longtime supporters of 
European integration and close French- 
German relations, including Mrs. 
Guigou, Hubert Vedrine as foreign min- 
ister and Dominique Strauss-Kahn as 
finance minister, also cheered financial 
markets Thursday, pushing up French 
stocks nearly 3 percent 

But Mr. Delors's comments about the 
single-currency criteria could provoke, 
further tension with Germany, where the 
government has insisted on strict com- 
pliance with the deficit and debt re- 
quirements despite its own failed effort 
to revalue gold reserves. 

Mr. Delors noted that the Maastricht 
treaty does not set a rigid deficit ceiling 
of 3 percent of gross domestic product, 
but allows leeway for blips or for ac- 
cepting countries where deficits have 
fallen jost above 3 percent. He also said 
that tbe French government wonld seek 

to use treaty provisions to coordinate a 
broader range of economic policies with 
its F.uropean partners, including em- 
ployment policies, rather than focusing 
exclusively on deficits and inflation. 

“We have simply demanded that all 
the treaty be applied,” Mr. Delora said. 

In keeping with its conservative pre- 
decessors, the new government will also 
maintain demands for greater political 
control over monetary onion, Mr. Delors 
said. The German government meets 
regularly with the Bundesbank to dis- 
cuss economic policies, he noted. 

“What we want is that opposite a 
European Central Bank there is a council 
of ministers,” he said. “That's all we 

Mr. Delors also indicated that the new 
government would pursue a more mod- 
erate economic policy than Mr. Jospin 
implied in the campaign. 

“The most difficult problem is not the 
single currency,” Mr. Delors said. * ‘The 
greatest problem for France is modern- 
ization. The welfare state must be com- 
patible with the demands of the economy 
and full employment ” 

FRANCE: Probability Is Rising of Delay in Introducing the Euro 

Continued from Page 1 

delay will shake financial markets, break 
the momentum and discipline built up in 
moving toward monetary union and 
leave Europe and its leadership with a 
severe loss of prestige. Those who are 
less troubled by putting off the starting 
date say the blow would be felt mostly 
by the politicians who wanted to en- 
shrine themselves in history as Europe's 
unifiers and that a postponement with 
new fixed dates is a far better alternative 
than a disorderly entry based on now- 
suspect credentials. 

Whal has changed in the discussion and 
Wrou ght participants to less covert pos- 
itions is that the issue has moved bom the 
theoretical to the practical. Until now, 
there had been not even tacit admission 
from the German government that it could 
possibly fail to meet the targets; in this 
context, the gold revaluation episode had 
the counterweight of a signed confession. 

In France, the parliamentary election 
lost by President Jacques Chirac’s allies 
had been called precisely to muster 
strength for a new round of belt-tight- 
ening that would assure the country’s 
conformity with die Maastricht criteria. 
The result was a disavowal instead and 
what could be interpreted as an expres- 
sion of support for the Socialist position 
promising no more austerity measures 
for Maastricht’s sake. 

According to Mr. Lister-Cheese of the 
London financial consulting firm Inde- 
pendent Strategy, the new economic pro- 
gram of Prime Minister Lionel Jospm’s 

eminent would essentially disqualify 
ice from monetary union by pushing 
its budget deficit level far above the target 
of 3 percent of tbe nation's gross domestic 
product. The government's campaign 
promises included hiring 330,000 new 
public sector employees, lowering the 
value added tax, lowering the workweek 
to 35 hours from 39 with no diminution in 
pay and increasing the minimum wage. 

Even if the government were not to 
enact any of its promises, Mr. Lister- 
Cheese calculates a deficit level of 3.6 
percent of gross domestic product in 
1997. If, on the other hand, there is an 
increase of 7 percent in the minimum 
wage, the deficit will increase by 0.2 
percentage points, he reckons. A reduc- 
tion in the value added tax represents 
another jump of 0.2 to 03 percentage 
points and expanding die public sector by 
40,000 new employees in the first year, 
with 20,000 to 30,000 before the end of 
the current year, would account for an 
additional 0.2 percentage points. 

All told, udess there were major new 
taxes, this would take France's deficit 
over the 4 percent level, he says, and way 
out of the range of 3.1 percent or 32 
percent of GDP that is generally re- 
garded. as the amount of tolerable slip- 
page candidate countries will be accor- 
ded in falling short of the targets. 

Mr. Saint-Etienne, a professor of eco- 
nomics at the Dauphine campus of the 
University of Paris, said his projections 
from tbe Socialis 
of 4 percent in both 
“Depending on 

t proposals were deficits 



1997 and 1998. 
the mix and 


amounts, increasing tbe minim um wage 
and reducing the number of hours 
worked could really explode the French 
economy," he said. 

Under those circumstances, he said he 
felt there would be some kind of French- 
German deal by the fall to delay the start 
of monetary union. 

That would obviously be less of a 
prestige problem for the new govern- 
ment than for its predecessor, which 
bound itself to the euro's mast of aus- 
terity. The problem, nonetheless, would 
be less great for Mr. Chirac than for Mr. 
Kohl, who cast his government as guard- 
ian of euro admission standards. 

But the Socialists have not given away 
their hand as yet Jean-Pan 1 Fitoussi. a 
professor of economics at the Ins ti tut des 
Etudes Politiques who is likely to be a 
member of the Finance Ministry advisory 
council, said none of the party’s program 
represented a supplementary deficit. 

"The jobs for youth is a matter of 
redeploying existing but inefficient pro- 
grams,” he said. “That's the only mea- 
sure that involves new costs to die state. 
The . minimum wage provision costs 
nothing to the state. I have no idea where 
these people get their deficit figures or 
their notions. " 

A clearer notion of the French po- 
sition could emerge in the next few days 
through a speech Mr. Jospin is to give 
Friday in Malmo, Sweden, or through 
contacts his new finance minister 
Dominique Strauss-Kahn, is to have’ 
over the weekend with his European 
Union colleagues. 








Canadian Puzzle 

The first American interest in the 
Canadian elections lies in seeing how a 
friend and neighbor — and, at SI bil- 
lion a day, the leading American trad- 
ing partner — is handling the eco- 
nomic and social pressures squeezing 
all the industrialized democracies. 
Canada's choice was to return to 
power, although by a reduced margin, 
the Liberal Party government that has 
gamely hacked away at a large in- 
herited budget deficit by trimming so- 
cial insurance costs. 

There was a cheerless cast to Prime 
Minister Jean Chretien's victory, but 
he has a grudging mandate to stick to 
this painful task. Americans can only 
admire an electorate readier than their 
own to administer a bitter but nec- 
essary medicine. 

The further American interest lies in 
the continuing life of the Quebec sep- 
aratist movement. Not only did the 
separatist party gain seats in the Ca- 
nadian House of Commons, although it 
fell a bit in the popular vote. The new 
Reform Party, based in Canada's West 
and campaigning explicitly and pro- 
vocatively against a special status for 
Quebec, took the second-highest num- 
ber of seats and became the" privileged 
official opposition. 

With tne one party strongly for in- 
dependence for the province and the 
other strongly against, and with the 
ruling party without an evident 

strategy to deflate the issue, Canada 
may face a stepped up confrontation on 
Quebec. The separatists say they wish 
to hold another referendum on sov- 
ereignty at an early date. They lost the 
last one 18 months ago by only half a 
percentage point. 

Americans think of a separate 
French-speaking state in Canada as 
something that may be strange but that 
Quebeckers have the right to decide on 
for themselves. The American bias, 
however, is plainly for an improved 
federal system. 

If the separatist movement gets up 
further momentum, Americans are 
bound to stan asking what difference 
Quebec's sovereignty might make in 
the terras of trade . in issues of security 
and in the overall relationship with a 
neighbor that has given the United 
States the priceless boon of its stability 
and calm. This would be so if the 
separatist impulse were confined to 
Quebec. It would be even more so if the 
impulse spread, as it could, to other 
Canadian provinces. 

The salient feature of this election is 
finally that no single party demon- 
strated a truly national reach. All were 
uncomfortably regional. The winning 
Liberals, for example, picked up no 
fewer than two-thirds of their seats in 
just one province, Ontario. This is a 
result that doesn't settle much. 


A Fight for Glean Air 

The most contentious and complex 
environmental issue to face the Clinton 
administration this year is coming to a 
head. Carol Browner, administrator of 

the Environmental Protection 
will shortly propose to the 

e White 

House tough and costly new limits on 
two kinds "of air pollution — ground- 
level ozone, or smog, and dust-like 
particles known as particulates. 

She says the new standards will im- 
prove the lives of millions who suffer 
respiratory diseases, and prevent 
15.000 premature deaths every year. 
The White House, beset by heavy lob- 
bying from industry, must decide 
whether to accept her argument that the 
new standards are vital to public 
health, or ask tor weaker rules. 

This is not a routine decision. Al- 
though the cost estimates vary widely, 
even within the administration, the 
new rules would force large sections of 
the country that are now barely in 
compliance with existing clean air reg- 
ulations to find new ways to reduce 
pollution. That means big investments 
in cleaner power plants, fuels and cars. 
Similarly, while the rules will surely 
bring health benefits, there is also great 
disagreement on their dollar value. 

Despite these uncertainties, we sup- 
ported Ms. Browner ‘s regulations 
when she offered them for comment in 
November, and we support them now. 

There is an element of regional self- 
interest here. Even though'states like 
New York and New Jersey have taken 
steps to control their own sources of 
pollution, both suffer from dirty air 
"imported" from coal-fired power 
plants in the Midwest. That is why 
Eastern governors like George Pataki 
of New York. Christie Whitman of 
New’ Jersey and William Weld of Mas- 
sachusetts all support Ms. Browner. It 

is also why many Midwestern politi- 
cians of both parties oppose her. 

More important than these local 
concerns, however, is the fact that Ms. 
Browner is right about the health issue. 
In all the squabbling over costs and 
benefits, it is easy to forget that the 
Clean Air Act requires her to review 
existing regulations every five years 
and, if necessary, set new standards to 
protect public health "with an ad- 
equate margin of safety." 

Further, the act explicitly requires 
that standards be set without regard to 
cost. Many argue that the act should 
be rewritten to require consideration 
of costs and benefits much earlier in 
die game. Bat Ms. Browner must op- 
erate under the law that Congress has 
handed to her. and what that law says 
is that she has to go where the science 
takes her. 

Industry says the science is weak. 
The EPA replies that it reviewed thou- 
sands of epidemiological studies and 
made no final decision until it received 


Advisory Committee, an independent 

group composed of scientists from tn- 

dustry. medicine and universities. 

Absent some last-minute scientific 
revelation, that should convince the 
White House. 

For those who fear that the rules will 
devastate industry’s balance sheets, 
history provides comfort. The govern- 
ment has traditionally provided a gen- 
erous tune frame for business and 
states to adjust to new rules, and Ms. 
Browner promises to do so again to 
ease the cost of compliance. Expe- 
rience also shows that industry's own 
technological resourcefulness has a 
way of bringing the costs of cleaner air 
well below anyone's expectations. 


Mourning a Teacher 

Chances are that the death of Jonath- 
an Levin, the 3 1 -year-old New York 
City public school teacher who was 
found slain in his modest Upper West 
Side apartment on Monday night, 
would not have garnered front-page 
attention were it not for the prom- 
inence of his father. Gerald Levin. Bur 
the real importance of the story, the 
reason it has engendered widespread 
interest and sadness, has little to do 
with Gerald Levin's career as chair- 
man and chief executive of the media 
conglomerate Time Warner. 

ifhas everything to do with the career 
chosen by his son. The loss of Jonathan 
Levin, an exceptional but unassuming 
man. has reminded people everywhere 
of the power of gifted and dedicated 
teachers to transform young lives. 

At Taft High School in’ the Bronx, 
where he taught English for the past two 
years, the news of Mr. Levin's mys- 
terious murder caused an instant out- 
pouring of grief. 

Tearful students and colleagues de- 
scribed him as extraordinary, a wholly 
involved teacher who found creative 

and unusual ways to engage his classes 
in great books and poetry. He made 
literature come alive for poor young- 
sters at a school where they must walk 
through a metal detector to get to class. 

“He didn't care about money,*’ said 
one student "He cared about kids." 
There is no better tribute. 


Other Comment 

Democracy for Asians 

If [democracy] is to work in Asia, it 
must be a democracy that extends far 
beyond the simple existence of a bal- 
loting system. As the region develops 
and its people become more sophis- 
ticated in running their lives and busi- 
nesses, surely it is wishful thinking to 
expect that they will be content to rub- 
ber-stamp the political choices decided 
at the top. Certainly the Indonesian 
model has done much to pull the country 
forward. But in 1997 it is not enough.' 

— Far Eastern Economic Review 
tHong Kong). 

4 k ivrtKMTnivi m* , 4 


' • i*»h».ii« hni 



Ci -Chairmen 

KATHARINE P. D ARROW, l/.v Chairmai i 

RICHARD McCLEAN. Publisher J, Cine) Execunve 

• WAITER WELLS. Editor • PAUL HORVIT2. Deputy Managing Ediior 

CARL GEWIRTZ. -U?,n uie<r\ • ROBERT J DONAHUE. Ei/i/iv iy the EtUhnil Pages 
* JONATHAN GAGE, fti udness and Fiiuihe Etlitor 
• RENE BONDV, Di'/ym Publisher 

• JAMES MvLEOD. Xheniwiv Dn\ i>n • DITHER BRUN. Cn'iilaiion Duector. 
Diwteur Ac la Pnbhk ufiuii Rh-ltard Mi Clean 

Imiimjiwiui HoaliJ Txihunc. isi Auinur (Turiotk -Gaulle. *C5?1 NcirilN -w-Seiiu. Frame 
Ri\ SuKTvi»n...ti4l.4J?IIU.AhwtoiiB. lli4W3.ffi.QNcwiiD41AJ.9JJ8. 
Internet edda-NS http .Wvm.ihu’om E-Mul’ ihrfj ihmxn 

j *.111 j \luiijtlSunM -l .'Cjfc.vhinftJ .SmeanarciSIl Jri ihyi472-7~tiS Fm Itci 224-104 
i If-.: Pi. Avj J?.,vp Krwrey Hf 

II" C.r.„.v T Uu’;.vr f ;w ;• N’.C: T iMlur. M T,i Fite 

fv . i '■ v.-r-i-r.; w \,* i.-«i vr/ftC Tei ■>:■.<**) f*> ci:rs>*w 

I. K Aii > .1 a mim; •Jfih <■ a.* Iaj i-'.v 4. ir. f.-vklm Il’fJ 7W ll'h Xfa-ISOi Fm : i 1 71 1 240-22F4 
S 1 v iih i ii/Miif Ac F. KCS Sa-lrrre B 7)20211 2b. Commisuun Panuire No (tlfS? 

.. :.7..v •( Hi nii.i Trhmc All nthi 'Cieno! ISS.V iOW-» 1 £ 

America and Russia Above a Diffident Europe 

J JELSINKJ — The new European 

‘ security architecture’ ' has turned 
into something quite different from 
what was originally planned. It will be 
an American-designed, open-ended, 
split-level structure with the upper floor 
reserved, for consultations between 
New NATO and New Russia, while 
down below Old NATO will watch out 
in case Old Russia rears its head. 

President Bill Clinton has invoked 
the spirit of Woodrow Wilson: "to 
build an undivided, democratic and 

By Max Jakobson 

eful Europe for the first time in 
•— ” But this time the 


States' has hedged its bet on a triumph 
of democracy by keeping the military 
alliance in shape as guarantor of the 
balance of power. 

That is not how European security 
was supposed to be ensured after the 
end of the Cold War. The European 
Community, not NATO, was expected 
to export democracy and die market 
economy to the eastern half of Europe. 

The Community always claimed to 
be “Europe." During the Cold War it 
had had no choice but to remain an 
exclusively West European institution. 
Now at last it had the chance to make 
good its claim to represent Europe. 

But as the full extent of the dev- 
astation caused by Soviet rule unfolded, 
the vision of a united Europe faded. 

The nations emerging from the ruins 
of Soviet power had little in common 
except the fate they shared as victims of 
the conflict between German and Rus- 
sian imperialism, followed by forced 
integration into die Soviet system. 

During this century, every country of 
what is called Central and Eastern 
Europe has been devastated by war. 

occupied, liberated and reoccupied 
each time with a change of political 
system and in many cases with a change 
of borders as well. Parliamentary de- 
mocracy and the market economy have 
□ever had a strohg constituency there. * 

Before World War H, Czechoslo- 
vakia was the only democracy and ad- 
vanced industrial state in die region. All 
the others were predominantly agrarian 
countries with authoritarian regimes, . 

It was an illusion to believe that they 
could acquire a system of parliamen- 
tary democracy and market economy 

The war in the Balkans was a turning 

point It revealed Ae limits of the will 
and ability of the West Europeans to 
use force in defense of common values. 
The fighting could not be stopped be- 
fore the United States had committed 

its forces to an intervention. . _ 

Once again, America became, m the 
words of then Secretary of State War- 
ren Christopher, “the indispensable 
nation' ’ for European security. 

The message of the Yugoslav 
tragedy fOT the nations of Central and 
Eastern Europe was clear. They des- 
perately needed to be accepted, to be- 
long- Since admission into the Union 

natural process by which Russia would 
re-establish itself as a great power. 

It was understood that & was. re- 
ferring to the members of Common- 
wealth of Independent States, excluding 

the Baltic states. But in his latent state-, 
mem he seems to include the' Battses:. 

Coming on the eve of the sagnisjgof 
the NATO-Russia agreement, &e De- 
clamation of a new Brezhnev Docffl^ 


The war in the Balkans 
was a turning point 
Once again, America 
became indispensable. 

off the peg, like buying a ready-made 
suit. Everywhere it is bound to need a 
long evolutionary process. 

In 1 989, the year of the great change, 
it was possible to believe that a dy- 
namic, self-confident European Com- 
munity would exercise a powerful in- 
fluence on developments throughout 
the former Soviet empire. But soon the 
Community itself was in a crisis. 

Mounting unemployment and the 
erosion of die welfare state turned at- 
tention inward. Racked by self-doubt 
and pessimism, today's European Un- 
been slow to tackle the task of 


extending its reach eastward. 

would obviously take years, 
turned to NATO as a shortcut. 

Now the Union can begin its own 
enlargement under the protective um- 
brella of NATO. Chancellor Helmut 
Kohl hinted at the recent EU summit 
meeting th fl r in his view the first three 
stares to be admitted to the Union 
should be the same three that first enter 
NATO — Poland, the Czech Republic 
and Hungary. The implication is that 
the Union will move eastward only at 
the pace of NATO’ s expansion. 

How far might that be ? Foreign Min- 
ister Yevgeni P rimak ov has already 
drawn a lin e in the sand: Russia will in 
no circumstances accept the inclusion 
of former Soviet republics in NATO. 

This is a new version of the Brezh- 
nev Doctrine, although Mr. Primakov 
added that it would not be enforced the 
way it was in 1968, when Czechoslo- 
vakia was occupied. 

In earlier statements, Mr. Primakov 
argued that "reintegration" of the 
former Soviet republics under Russian 
leadership was a necessary and indeed 

' although reduced In scope^js a direct 
challenge to Mr, Clinton's promise that 
NATO's door will remain open to all 
democratic states in Europe. . . 

It is unlikely that the issue.wiUbepot 
to a test in the near future. None of the 
Baltic states will be invited to enter 
before the first round of enlwgfcBjent 
has been completed and ratified. 

By that time, it Is hoped, Russian 
policy may have evolved further in the 
direction of closer cooperation with 
NATO and other Western institutions, 
malting Russian leaders mote relaxed 

about NATO enlargement. 

So far at least, the prediction that 
NATO enlargement might provoke a 
backlash against Boris Yeltsin has 
proved wrong. Reformers are firmly in 
charge in Moscow. Instead of continu- 
ing sterile opposition to NATO en- 

largement, Mr. Yeltsin is making the 


most of the opportunity that he 1 
given to assert Russia's influence in 
NATO and other Western institutions. 

That may lead to a reversal of roles in 
the Western debate. Critics of NATO 
enlargement will no longer be aide to 
claim that Russia has been isolated, 
while supporters will have to defend 
the deal againsr the charge that Russia 
h is gained too much say. ' • 

Interiuirimial Herald Tribune 

'..if ^ 

Riishti*! WHi f 

The French Want an Alternative to Pure Global Capitalism 

Socialists danced in the 
streets this week, amazed at 
winning back a majority in the 
National Assembly only two 
years after losing the presiden- 
cy to the Gaullist Jacques Chir- 
ac. After that defeat, many So- 
cialists had wondered if they 
would ever be in power again. 

They won this time in part 
because Mr. Chirac bungled, 
calling an early election that he 
didn’t have to call and then run- 
ning what Serge July, foe top 
political commentator for foe 
French daily Liberation, called 
‘‘one of the worst electoral 

By E. J. Dionne Jr. 

and labor laws and adapt 

campaigns ever seen. 

But the Socialists, led by foe 
professorial but tough-minded 
Lionel Jospin, also won be- 
cause a majority of voters de- 
cided to throw a monkey 
wrench into the machine known 

ers moved fast to lower expec- 
tations. The Socialists appar- 
ently know that they can't just 
snap their fingers and have the 
government produce lots of 
jobs, raise wages and save all 
the social benefits. 

In his campaign, Mr. Jospin 
asked good questions about 
what is wrong in France, with- 
out having a clear set of answers 
to put things right. 

But this result, coming on top 
of foe Labour Party victory in 
Britain, is yet more evidence of 
a shift in foe terms of debate in 
foe industrial democracies — 
not so much toward the left as 

away from the right With the 
left in power simultaneously in 
France and Britain for the first 
time since Britain joined foe 
European Union, the balance 
inside Europe could change 

The French vote, including 
both the Socialist victory ana 
foe substantial support won by 
the far-right National Front, is 
also a warning. 

For years now; prophets of 
foe global high-tech economy 
have spoken as if they believed 
in iron laws of history. Every 
country would simply have to 
junk * ‘outdated’ ' social benefits 

to a 

lean and mean new worl 
There's a small catch. It's 
called democracy. Many voters 
in foe West would like to see 
someone put an alternative on 
the table, a little less lean and 
considerably less mean. The 
French Socialists and Tony 
Blair's Labour have been as- 
signed by their electorates to 
come up with alternatives. 

tf they fail, the iron law 
crowd may have foe last laugh. 
But not necessarily. That is 
what is chilling about foe rise of 
foe far right in France. If demo- 
cratic reformers of foe Jospin 
and Blair stripe offer one set of 
alternatives to pure global cap- 

italism, the extreme right offers 
another — nationalistic, xeno- 
phobic, scary. 

The National Front is still a 
decided minority, and many tra- 
ditional conservatives, includ- 
ing Mr. Chirac, have been quite 
brave in resisting it. But its ex- 
istence is a reminder that the 
costs of mismanaging foe big 
economic transition going on in 
the world could be very nigh. . 

•But Mr. Jospin's crowd is 
nothing if not realistic, and 

chastened by the disappoint- 
id years. 1 

ments of the Mitterrand years.' 
They may end up behaving 
more like foe centrist Mr. Blair 
than anyone expects. 

Washington Post Writers Group 

Bill and Tony’s Tailor Has a Jacket for Lionel 

as “the global economy.’’ 

The standard rap on the 
French is that they reject foe 
“realities" of a competitive 
world market and cling to an 
outdared “statism," seeking to 
maintain a big social security 
and health system, along with 
all maimer of labor protections. 

Well, exactly. The French 
vote might be seen as an attempt 
to redefine the terms of that 
“reality," to insist that there is 
more than one way to organize 
foe world economy, and in par- 
ticular a European economy 
struggling with high unemploy- 
ment and sluggish growth. 

The Socialist program may 
not be up to that task. As soon as 
the party won, many of its lead- 

■^J^ASHINGTON — There 

was a picture the other 
day showing Bill Clinton and 
Tony Blair laughing together in 
London. Here's a secret: They 
were laughing about France. 

You see, what Mr. Clinton 
and Mr. Blair truly have in com- 
mon is foe same tailor. They 
have both been fitted for the 
golden straitjacket — all foe 
rules set down by global mar- 
kets for how a country has to 
behave economically if it wants 
to thrive in today ’s world. What 
happens when your country 
puts on foe golden straitjacker is 
that its economy expands and 
its politics shrinks. 

That is, growth rises, unem- 

By Thomas L. Friedman 

ployment falls and political 
choices on all big issues — wel- 
fare, interest rates, government 
spending — contract to foe nar- 
row limits set by the markets. 

Mr. Clinton and Mr. BLairare 
comfortable in this straitjacket. 
They have learned how to 
loosen irat foe waista bit, and so 
have made it, for foe moment, a 
political winner. 

The reason they are laughing 
at France is because foe French 
seem to think they can avoid 
this straitjacket and still enjoy 
foe best of all worlds. They ac- 
tually believe that they can still 
be a world power and have their 

truck drivers retire at 55 with 
nearly full pay, work a 35-hour 
week and close their shops for 
two hours every afternoon. 

If Mr. Clinton and Mr. Blair 
could speak frankly to foe new 
French prime minister, foe So- 
cialist Lionel Jospin, they 
would tell him this: 

“Get real, Lionel. As they 

say, we’ve gone from a world 

Thailand’s Aches Are Curable 

B for a little perspective. 
Not long ago, Thailand was an 
investor's dream, exemplar of 
Asian democracy, bountiful 
land of liberalism, pluralism 
and fine food. Now it is, to 
judge from some headlines, an 
exemplar of Third World 
debt, investor risk, corruption 
and political instability. 

Truth always lay in a suit- 
ably Buddhist middle way be- 
tween those images. 

The worst may not be over. 
Thailand may yet succeed in 
muddling through, but a final 
cathartic crisis may be nec- 
essary to restore equilibrium. 
That at any rate seems to be 
the message from foe financial 

Whether the stock market, 
now at one- third of its all-time 
high, recovers any rime soon 
is a matter of conjecture. But 
the condition of this banking-, 
finance- and propertv-domi- 
nated market results from the 
pricking of an asset price 
bubble, and does not reflect 
foe condition of the nation. 

The story of the Thai eco- 
nomy is simple: It overheated 
for too long and must now 
accept two or three years of 
cooling off. That means 4 per- 
cent growth rather than foe 8 
percent of recent years. It is 
likely to return to a sustainable 
long-term (40 years) average 
of 6 percent. 

But 4 percenr is still better 
than almost anywhere in those 
cmTent favorites Latin Amer- 
ica and Eastern Europe. 

Current troubles are often 
attributed to money-driven 
politics. There is an element of 
truth in this. Particularly tin- 

By Philip Bowring 

der former Prime Minister 
Banham Silpa-Archa, money 
politics and naive economics 
were bedfellows. 

But as a root cause of prob- 
lems. political turmoil pales to 
insignificance compared with 

rowers are now paying 10 per- 
cent real interest partly topro- 


Thailand's opening of its cap- 

ital market in the early 1991 
while maintaining a long-term 
commitment to a stable dollar- 
1 inked exchange rate. 

Both policies were much 
praised in foe outside world 
but led to shortsighted foreign 
bankers and greedy local 
companies arbitraging in- 
terest rates on the assumption 
that any amounts of new dol- 
lar credit could be provided 
without risk. 

Thailand's total debt now is 
not excessive. Its currency is 
not significantly overvalued. 
The nation is not averconsum- 
ing. Its government is not 
overspending. The problem is 
overinvestment financed by 
short-term debt on which in- 
terest is very high due to wor- 
ries about the baht 

There is no easy escape. 
Letting property and finance 
companies collapse would 
lead to a sharp fall in asset 
prices and big losses for 
banks, foreign as well as" local. 
But it would clear the air. 

Cut Interest rates and let the 
currency float? The resulting 
baht devaluation would do 
nothing for foe trade balance, 
and immense damage to big 
companies with unhedged 
dollar debts. But at some point 
it could be the lesser evil. 

The many small baht bor- 

tect foe balance sheets 
few big dollar borrowers. 

Thai coalition dynamics 
make Gordian knot-cutting 
very difficult But in the long 
run that is beneficial. Plural 
politics exist to balance dif- 
ferent interests, in this case 
distributing pain rather than 
pork. That will tend to mean 
a middle road or muddle- 
through approach. Thailand 
has generally been wary of 
dogmatic prescriptions, and 
now wishes it had been more 
skeptical of received Western 
financial wisdom. 

Politicians have underesti- 
mated the scale of the prob- 
lems. They still overestimate 
growth prospects. But in their 
judgments tney have been no 
worse than die bankers, and 
have kept cool heads com- 
pared with the foreign fund 
managers whose past greed 
and current fear nave exag- 
gerated the business cycle. 

Another two years of eco- 
nomic difficulties could put 
the Thai political system un- 
der strain, increasing the pos- 
sibility of a lurch back toward 
a more authoritarian setup. 
There should be recognition at 
home that tough decisions are 
still needed, and realization 
abroad foal today’s diffi- 
culties are more cyclical than 

Making predictions about 
Thai politics is foolhardy, but 
assessment of national pros- 
pects should start with a 40- 
year perspective of the track 
record. Tne onus of proof is on 
foe pessimists. 

International Herald Tribune. 

iere foe big eat the small to a 
world where foe fast eat the 
slow, and France can only be 
great now if it's also fast. You 
can’t be fast and work only 35 
hours a week or retire at 55. 

“You cannot maintain that 
lifestyle and still be a global 
power. Because you can't 
maintain that lifestyle and also 
do foe budget cuts, benefit cuts 
and privatization of state indus- 
tries required to join the com- 
mon European currency. 

“And we all know that the 
common currency is your key to 
remaining a great power, be- 
cause a common currency is 
what would keep you tied to 
Germany and make the Euro- 
pean Union a real global eco- 
nomic player. 

“And since your strategy is 
to use your relationship with 
Germany and your dominance 
of the EU to maintain your 
‘greatness’ in the post-CoId 
War world, you need foat com- 
mon currency. But you have to 
pay for that. 

“So lake your choice: You 
can be great, or you can have a 

great lifestyle (for a little while 
longer). You can’t have both. 

“Now. Lionel, the golden 
straitjacket comes in only one 
size, and you’re too fat. We’re 
also laughing because we had 
Margaret Thatcher and Alan 
Greenspan io put our countries 
on a diet of downsizing. They 
took the flak and now we're 
reaping the benefits. 

"We’re betting that the 
golden straitjacket will contin- 
ue to produce enough growth so 

that we can keep loosening it, so 
lardest hit won’t be 

foat those hs 
too pinched, so that there woa't 
be a political backlash. That's 
our strategy." 

France has no realistic altern- 
ative to the golden straitjacket. 
and the markets will soon ham- 
mer home that reality. 

Still, there is something ap- 

pealing about foe French strug- 

gle to maintain their lifestyle 
and to resist foe constraints, and 
one-size-fits-ail sterility, of the 
golden straitjacket It’s Don 
Quixote versus the bond mar- 
ket. You’ve got to admire iL 
Bill and Tony have pretty 
well given up that fight. They 
have confined themselves to the 
politics of the straitjacker, leav- 
ing little room to pursue foe 
traditional social justice planks 
of their parties. If the strait- 
jacket continues to grow, so 
might their political horizons 
again. If it doesn't grow, their 
politics will remain shrunken 
and they will have plenty of 
time on their hands. 

The Wen- York Times. 


1897s Emigration Act 

BERLIN — • The German Emig- 
ration Act has been gazetted, its 
purpose is not only to prevent the 
rain of the emigrants, but also to 
preserve foeir attachment to the 
Fatherland. It has been found, 
for instance, that the Germans 
who settle in the southern parts 
of Brazil, unlike those who go to 
foe United States, retain their 
national sentiment. This patri- 
otic bill has been strongly op- 
posed by foe navigation compa- 
nies. Many German emigrants 
have gone from Germany to 
British ports, and then sailed for 
foreign ports in British ships. 

apart for the placing 
i’s names in foe Hall of 

tion was set ; 
of women’ 

Fame. The new decision coin- 
cides with the unveiling of the 
bust of foe astronomer Maria 
Mitchell, foe only sculptured 
portrait of a woman to be placed 
as yet among those of Wash- 
ington, Edgar Allan Poe* 

Ulysses S. Grant, Robert Fulton 

and Marshal Joffre. 

1947: Marshall’s Plan 

1922: Hall of Fame 

PARIS — There is to be no 
discrimination as to sex in future 
elections to foe Hall of Fame in 
New York. The decision may be 
regarded as one more landmark 
in foe history of woman’s eman- 
cipation. In 1904, a separate sec- 

CAMB RIDGE— The countries 
of Europe should work out a 
great new program of recon- 
struction, Secretary of State 
George C. Marshall toW the 
Harvard Alumni Association. 
He promised American assist- 
ance, “so far as it may be prac- 
tical," to nations embarking on 
such a program. The purpose ot 
such a policy should be tore v,ve 
"working economy" and , 'P er ' 
mil the emergence of political 
and social conditions wherein 
free institutions can exist." 


an' 1 ' 

I" • . 

-r.r. T-- 


: - . r&z 


- « fe. 

- r. ; •«. 

> > yr _ i 

.i *!»■■ 






\ .... 

!| * 1* ‘ill 

< ,IU44 IT 





fc r*.c,V ;? hl: . 

r °pp Case of Rightist Militias 
Is Anything but Closed 

By Frank Rich 

utm rf.Vwr 

- — i ■ -*mi 'i f *• 

BWRpw't- • . 

»** «***«*'• 
jjnhil fn 2 v* 

* *.«#*-• 'feiv 
c*» ***''• s* »**« 

| r f..^.jMNpc3;TT uni 
r ffcpff^r— Uc>:'-v- 

£* aft MW 
ti* tiipw'fe t»»* 
itflMKl 4».-fe Li ':>* 

nrfeiAfe 1 W* 


V'- Wf i firi tb l .» 

- - -■’* -• 

> >.-utS«W'.^ M,- 

f¥n«Mun*;#«v- *«*--*. 

k* *«*--■ 

r> ii. Mt fe 

I # VA^M 


Powak*^ - 
r..s Sr tn&ciffiltf ■'■ 
fe •iwCjAWv' 1 


NpMrnv*. >li fajra&>i‘- 

jf ’?*■ 

Until { • aflda HfeALtfl 


| !4»J. sift" <*■ 

JnriMad i v * j.« . fte* • 4 -.'r-i 
rWfr J J Sfcfcti " 1' - 

~i’it0ilni| ~i »r; A‘-v-> » 

* •:•*-• 
xfWW. ^ -*■- 4«l-"J — -3" • 

nMr '4 -mbc r.-’i • 

■ qwKitO* •-•'«: -T,-. 

. ►U.riX^ss v-. vr: 
U l fW^ +* *?T- ;' * TV*'- ' « 
Vi*** - ■'•' •''•*•" : • ••'• 

h ;«wv ’ i . '" : •-“ 

• ■••-f'4'*-* v - --•- • 

fii.1 ^ r 1 ■- 

* W- rf- : 

=ewt T-ii I.” '■ i 

•- '.v f 

ft as j -.M’.ra.T -•?*’"? •= -•*'•- 
. *Str***t;:» pK - ^ •;•'■ -'•* 

N ew YORK — Closure, the 
buzzword of the week, is the 
panacea for all our American ills. 
No sooner was Timothy McVeigh 
found guilty than it was univer- 
sally declared that closure would 
arrive soon for the loved ones of 
his 168 victims. The verdict brings 
instant closure to some troubled 
American institutions, too: The 
FBI proved that it could still get its 
plan (even if it did bungle ev- 
‘ idence), and. after the O.J. 
Simpson trial, the legal system 
proved it could still work. There’s 
even closure for the press, which is 
already racing on to Paula Jones. 

Closure truly is a balm for grief, 
and we can only hope that the 
mutilated families of Oklahoma 
City will find it. But if the rest of 
us are now lulled into compla- 
cency by a well-conducted trial's 
fair outcome, that’s not closure — 
it’s amnesia. Timothy McVeigh 
■ didn't come from nowhere but 
was an exemplar, however ex- 
treme, of a diverse, violent rightist 
fringe, ranging from neo-Nazis to 
gan-absolurists to Christian Iden- 
tity white supremacists, that most 
■ journalists ignored prior to April 
19, 1995. Now that his case is 
closed, will this terrorist nether- 
world be forgotten again? Though 
Mr. McVeigh may be going away, 
his political bedfellows and com- 
rades in arms are not 
. Yet unless a terrorist incident 
occurs in full view of a TV camera 
— as in the srill-unso/ved bomb- 
ing at the Olympics — it no longer 
>Qj commands the national media. 
mVi The mass carnage of the Okla- 
homa City bombing has so raised 
the bar of horror that other in- 
cidents are now “minor.” 

Not for their victims, however. 
Abraham Foxman of the Anti-Def- 
amation League, which monitors 
milida activity, has noted “a dra- 
matic increase in militia-related 
crime' ’ over the past 1 8 months. 

Since Oklahoma City, two se- 
rious bombing plots involving mi- 
litia cells in Oklahoma and 
Michigan have been foiled; die 
targets included an ADL office in 
Houston and a federal building in 
Battle Creek, Michigan. 

Abortion clinics have not es- 
caped so easily. This year alone. 
Bombings and" arson have struck 
clinics from Portland. Oregon, to 
Atlanta — to name just the most 
violent of 14 incidents categorized 
as “extreme' ‘ by the National 

Abortion Federation. Remarking 
on how little attention is paid to 
these crimes, Gloria Feldt, Planned 
Parenthood’s president, says: 
“There seems to be an inability to 
recognize that this terrorism is ter- 
rorism. Isn’t bombing a woman’s 
health center terrorism?" 

If anything. Planned Parent- 
hood’s frustration right now is a 
replay of just three summers ago, 
when it held a press conference in 
New York to call attention to its 
self-defensive research into viol- 
ent far-right activity threatening 
its members. Its lonely findings 
were all but ignored until Okla- 
homa City, at which point the 
Justice Department and journa- 
lists alike came running for valu- 
able leads into mili tias and other 
terrorist groups that had turned-up 
on Planned Parenthood’s nation- 
wide radar screen. 

Even the above-ground political 
activity of the far right is now little 
noted. No one seems to know or 
care, for instance, that William 
Pierce, whose 1978 novel “The 
Turner Diaries’ ’ inspired Timothy 
McVeigh, spent last month pro- 
moting his neo-Nazi organization, 
the National Alliance, at conclaves 
starring the former Ku Klux Klan 
leader David Duke in cities like 
Cleveland and Tampa, Florida. Or 
that Norman Olson, the Michigan 
militiaman examined by the Sen- 
ate and the television journalist 
Ted Koppel two years ago, this 
week unveiled new Waco-driven 
logic pronouncing the McVeigh 
verdict proof of government “cul- 
pability" in Oklahoma City. 

The "journalist Frederick Clark- 
son, whose new book, “Eternal 
Hostility.*' is an up-to-date guide 
to rightist factions, points out that 
ir’s “an authentic crisis of de- 
mocracy when people seek to 
blame the government' ’ for all ills 
and forsake the ballot box as a 
means of change. Chip Beriet. an- 
other longtime analyst of the far 
right, speculates that “perhaps as 
many as 5 million” Americans 
adhere to the most enraged vari- 
eties of rightist populism and are 
part of “the recruitment pool” for 
‘ ‘neo-Nazi demagogues ‘ ' waiting 
“to exploit and channel unre- 
solved anger toward bloodshed 
and terror.” 

Thank goodness for closure. 
None of this is our problem any- 

The Se tr York Times. 


W3 <£■ 


A Plan for Africa 

Your celebration of the 50th 
anniversary of the Marshall Plan 
(May 28 1 pays just tribute to the 
distinguished men and women 
who moved the plan from idea to 
action and onto the platform of 
eternal hisrory. 

Today, we must remind 
ourselves that the world needs an- 
other Marshall Plan — this time 
for Africa. 

George Marshal] said his plan 
was not “directed against any 
country or doctrine, but against 
hunger, poverty, desperation and 
chaos.” If the Europe of 1947 was 
hungry. Africa today is hungrier, 
and contains desperation and 
chaos on a scale the world has 
never seen. 

This continent of about 720 
million people has the lowest 
per-capita .income and growth 
rates in the world. Its countries are 
torn by ethnic strife, disease, 
hunger, poverty and religious 
animosity, all arising from a 
dearth of hope and a gradual, in- 
exorable march backward to a 
state of nature. 

Western responses to the situ- 
ation have been selfish, symbolic 
or both. This pessimism is also 
informed by the cynicism that 
Africa is a hopeless case, its 
people ignorant and irredeem- 

But what is the rest of the world 
going to do? Wish away the 

existence of the continent and 
risk greater epidemics and more 

An Africa that goes to ruin 
while the world gawks is a blight 
upon the values that unite us as a 
human community. The time to 
do something is now. 


College Park. Maryland. 

The author, a columnist and 
editorial writer for The Guaidian 
in Lagos, is currently a fellow at 
the University of Maryland's 
school of journalism. 

The Drug War 

Regarding “Much Tolerance of 
Heroin Chic ” (Opinion. May 24) 
by A . M. Rosenthal: 

Mr. Rosenthal writes that, ex- 
cept among children, “drug use is 
decreasing — the result of the 
drug war.” 

The same week Mr. Rosenth- 
al's article appeared. Dr. Martign 
Ten Ham, chief of drug safety for 
the World Health Organization, 
was quoted in Newsweek as say- 
ing that the’ sale of unregulated 
pharmaceutical drugs over the In- 
ternet was “like a fire growing 
fast; there’s no real control.” 


Kinsale. Ireland. 

Before Mr. Rosenthal's moral 
high horse runs completely away 
with him, he should consider the 

Has a Jacket for Lionel 

« L fr mtoatt 

; /««.*» -• v. 

'• '* '• 

£■ .S'W -'Vr 

-- .wicr -V ■■■ 

H-. f 

*5 -* L ' 

. 9-r-k * ;ruf«r **-«?• wrr “» ' - 


:r ■' 

i / ' ’ tj** v • 

- »<- get* t'.-WP. i ■#'.*. ■- 

t Ifcc «*-! • '*• *■ 

fc '■* 

a jamf >- - 

- |f«a* J • 

|i'l Ift iaK «Sf± ; l - 
3 j mtxA ■* -r 

^ iM2»* ’ 

. -me v-a? ** » r - 

luriw Jrv- =.j . • 
T 'MPi# *41 l ML* J - 

. ^ ■- - 


. mm 

'■".hpA *ir t**-^*- 
' itumwii tin-gap. v m *r- - 

; tmn-- ~ 

V-4*Ar kwt 

mt ** ’ - 

yum tmm * -no t 

4P» *»" P* *" 1 

A crying 

need for a 

Six Days of Fighting , 
30 Years of Fallout 

By Abraham Rabinovich 

insanity of a legal system in which 
convicted murderers often get off 
more easily than possessors of 
minuscule amounts of marijuana, 
who can get life sentences. 



Unseeded Masses 

The front-page article on the 
French Open (" Tennis Without 
Rhyme or Reason," May SI I dis- 
played a disgraceful lack of re- 
spect for the' tennis stars of the 
future. The headline made no 
sense: the fundamental logic of 
all sports says the old champions 
will fade and be replaced by the 

The writer seemed surprised 
that Pete Sampras could lose to 
the 21-year-old Magnus Norman: 
in today’s world of tennis, that is 
not at ail a tender age. 

The comments about Gustavo 
Kuerten were even more offen- 
sive; since when does growing up 
in a beach community cause an 
athlete to be taken less seriously 
as a competitor? 

When this “Brazilian from, the 
beach” further demonstrated his 
talent by upsetting Ukraine’s An- 
drei Medvedev a few days larer, 
he was referred to as "riffraff” by 
the same writer ( " Revolution in 
Paris. Unsceded Masses Rise.” 



J ERUSALEM — Taking shelter 
in a downtown building when 
shells began falling on Jerusalem 
30 years ago, I found myself in 
City Hall. "Mayor Teddy Kollek 
received me, a visiting correspon- 
dent, iii his top-floor office. From 
his window, we watched dirty gray 
plumes rising all across Jerusalem 
as shells hit. It seemed as if the city 
were being blown apart. 

Two days later, on June 7, 1 was 
on the Temple Mount in East Je- 

1967 MIDEAST 1997 

rusaiem, which had just fallen to 
Israeli paratroopers. Long - lines of 
Jordanian prisoners moved across 
the monumental esplanade, 
guarded by paratroopers cradling 
Uzis. Beyond the Mount of 
Olives, warplanes darted down 
over the Jericho Road, where the 
Jordanian Army was retreating. 

The Six Day War was a wa- 
tershed event that changed the 
course of Middle East history with- 
the suddenness of a thunderbolr. 
Escalating border incidents be- 
tween Israel and Syria and a false 
report by a Soviet diplomat that 
Israel was massing troops on the 
Syrian border had prompted the 
Egyptian leader Garnal Abdel 
Nasser to begin moving troops in- 
to Sinai on May 15. Nasser asked 
the United Nations to remove its 
buffer force from Sinai and de- 
clared the Tiran Strait closed to 
Israeli shipping, a clearcasus belli. 
Israel mobilized its reserves. 

Many historians today believe 
Nasser was only posturing. From 
Israel, however, the movement of 
the Egyptian and other Arab 
armies toward its borders evoked 
existential fears. Seven Egyptian 
divisions with 130.000 men and 
1 .200 tanks were confronted by an 
Israeli force, largely reservist, of 
35,000 men and 5CiO tanks. 

For three weeks. Israel futile!) 
pressed the International commu- 
nity, particularly Washington, to 
force Egypt to reopen the strait. 
Resident Lyndon Johnson, em- 
broiled in Vietnam, wanted no new 
commitments. On June 2. Prime 
Minister Levi Eshkol appointed 
the war hero Moshe Dayan as de- 
fense minister. Two days later. 
General Dayan called a press con- 
ference at which he said that it was 
roo late for a military reaction to 
the Egyptian moves and that Israel 
would seek a diplomatic solution. 

The next morning, abou 1 7 A. M., 
200 Israeli ware lanes began taking 
off in carefully timed "sequence. 
Their mission was to strike simul- 
taneously at 1 1 Egyptian airfields, 
about 45 minutes’ flying time from 
Israel. It was an operation that had 
been in the planning for years, one 
so secret that even rhe general staff 
had only a vague idea of its nature. 
The planes flew low over the sea to 
avoid radar detection and in total 
radio silence. As they converged 
on their targets at treetop level, the 
pilots pulled up to bombing altitude 
and began their runs, returning re- 
peatedly to strafe the Egjpfian war- 
planes deployed on the fields. 

In his command bunker in Tel 
Aviv, the air force commander 
General Mordechai Hod found the 
reports he was getting from the 
flight leaders hard to believe. The 
number of enemy planes destroyed 
in the fust wave was twice as high 
as anticipated. When the planes 
landed at their bases in Israel, they 
were refueled and rearmed within 
10 minutes and the pilots took 
them up for a second attack. This 
time they flew at bombing altitude 
and were guided by enormous 
columns of smoke rising from the 
Egyptian bases. Within three 
hours, the Egyptian Air Force, with 
more than 400 planes, had been 
destroyed. The war was effectively 
over, except for the fighting. 

On the ground. the~ihree Israeli 
divisions facing Egypt had also 
launched their attack. In complex 
and fiercely fought battles, they 
succeeded in breaking the Egyp- 
tian lines and setting a rout in 
motion before the day was done. 

Meanwhile, with "the first re- 
pons of the Israeli air strike. 
Jordan's King Hussein ordered his 
artillery and air force to attack Is- 
rael. Within two days. Israel was in 
possession of Jordanian Jerusalem 
and the West Bank. On the morn- 
ing of the fifth day of ihe war. Israel 
attacked up the precipitous Golan 
Heights and engaged the Syrian 
Army. By the evening of the sixth 
day. it had captured the Golaa 

On the seventh day it rested. 

The Middle East, however, 
would not rest for long. The con- 
sequences of that brief June war 
are still engaging Israel and the 
Arabs 30 years later. 

The writer, a reporter with The 
Jerusalem Post, contributed this 
comment to the Herald Tribune. 

|«k“ \M’ 

Turn to 

By maintaining a far-flung nefwork of news-gatfiering resources, the World's Daily 
Newspaper brings you unrivalled coverage of world politics, business and economics, 
as well as science, technology, travel, fashion, ihe arts and sport — all from an 
international perspective. 

Take adfvanlage of this limited opportunity to try the International Herald Tribune 
with a low cost, 2-monfh trial subscription and enjoy delivery to your home or office 
every morning. 

KjqpriSx - 

life* w 

:* - 


r. VLi'*" 


You*ll find lots of goods and services on the IHTs Intermarket pages that make 
life to lxtde bit easier and a Jot more enjoyable - wherever you are in the world. 

Featuring two pages of classified advertising, the Intermarket appears 
every Monday, Wednesday, Friday and Saturday. Don’t miss it 

A great deal happens at The Intermarket. 
Call 444 171 420 0348 

In taw 

rs pun vEivtftfni 











55 % 



3,3 0 {P 


60 % 





54 % 





50 * 




60 % 









53 % 








50 % 

50 % 





60 % 




1450 1 

60 % 





60 % 




53 % 





58 % 





57 % 





58 % 





60 % 






- For WiionncAon eonewnug. hand dabtrym major Garmon eol IsUtree NT 

&USy» 01 »flSBSS»lreB 6 B 5712011 . 

Yes, I ww# kite bUortnewmg be ImamaHonol HenA) Tribune. 

□ My tJvxk h enclosed (payable to (he <H 7] 

□ Please charge my- 

□ Amex □ Oners Club □ VISA □ Access □MasterCard □ Eurocard 
Cr«£t card (forges will be mode in French Fima at current rates. 

Caid No. Exp. Date: 


For business orders, indicole your VAT No: - 

(HT VAT Numb* FWU732021 1 26) 

Mi/Mrs/Ms family Name- 

Firsf Noma lob Title. 

Moiling Address: — 



Hometl No: Business Tel No. 

E-Mail Address: 

IgotfoospyeffolHTr* Ofoifc □tv*! □carir*a 0 for 5^97 
□ I do not wish to receive eAmuiion font ofor nnMy screened comoonie* 
Mai or fax to- teteme t i ono/ Hem/d Wfoia * 

181. *«"« Franca 

fax: +33 141439210 
OU CALL +33 1 41 43 93 61 

; Offer (did fer new sdascnbersotfo 



* . ■•^s. *..*.. ■ ■ v"; V ■ArtC]K»< • V" 

, % 

'. '... •... ’ . , •: : 5i!iS 

NkuIk Avin/IHT' 

Some Like It Hot, 
Some Like It Cool 

The Jazz Festivals of Summer 

By Mike Zwerin 

hin-nuinonul Htrjld Tribune 

P ARIS — The subject won’t 
go away. It keeps getting 
bigger. There’s no avoiding 
it. What new to say about 
summer jazz festivals'? 

Well, there's more than nine ways 
to ( sorry) give some skin to a cat. 
Let’s leave the trodden paths between 
the usual three-ring circuses in favor 
of a few unexplored or at least un- 
expected places. 

A FLEUR DE JAZZ. Parc Floral de 
Paris: A concert every Saturday af- 
ternoon at 4 through September. Ad- 
mission to the gardens of the Pan; 
Floral in the Bois de Vincennes is 10 
francs i less than S2) maximum, jazz 
included. Call it free. Sit under a tent or 
lounge on grass. For ex- 
ample: June 21, Eric Wat- 
son; July 19. Antonio Hart; 

July 26. Danilo Perez: Aug. 
lb.Bireli Lagrene: Sept. 13, 

Enrico Rava/Aldo Romano: 

SepL 27. Brad Mehldau. 

(33-1 1 43-43-92-95. 

HARDT. Samois-sur-Seine. France. 
June 27-29. A wide spot on the river at 
the end of a cui-de-sac. Reinhardt 
retired to fish in this bucolic Parisian 
exurbnot far from Fontainebleau, and 
he died here. Cates and restaurants 
face a bandstand on a cute small is- 
land. The accent is on the heritage — 
Gypsies with guitars circle their cara- 
vans and play as well as listen. The 
Quartet of the Hot Club of Norway. 
Patrick Saussois "Alma Sinti Gipsy 
Music.” Philip Catherine. Babik Re"- 
inhardt. Richard Galliano. Three 
"sons of Django" — Jim Nichols, 
Romane. Martin Taylor. Sunday 
morning memorial mass. (33-1 1 64- 

J.AZZ FESTIVAL. June 26-July 6: 
One of the most respected circuses of 
them ail. five rings at least, the large 
proportion of quality free concerts 
pretty much takes over downtown. 
Srars in the evening include Man- 
hattan Transfer. Herbie Hancock. Joe 
Lovano "Celebrating Frank 
Smatro.” Tony Bennett. Diana Krali. 
Eddie Daniels and "The Five Sea- 
sons” with 1 Musici, The Count Basie 
Orchestra. 1 1-SS8) 5 15-0515. 

Switzerland. July 4- 19. The most am- 
bitious, commercial and eclectic pro- 
gramming known to jazzkind in a tidy 
town on the Swiss Riviera. An o fi- 

fes rival with a ff ee view of the Alps in 
the afternoon. In the evening, a choice 
of two halls: Bobby McFerrin, GU- 
berto Gil, Papa Wemba, Roy .Har- 
grove, Ziggy Marley, Sheryl Crow. 
Ahmad Jamal. Bela Fleck and the 
Flecktones. Monty Alexander. Eric 
Clapton. The Chieftans, Don Byron, 
Earth, Wind and Fire, FFF, Kenny 
Garrett and so on — and on and on. 
Beware the big bad Swiss franc 
deals available). (41-21) 

tugal. July 2-11: Once a royal wa- 
tering hole. Estoril has moved a few 
classes down the tourist scale. Never 
mind, the perfumed coast west of 
Lisbon is still magic, if sometimes 
ovemin. Concerts in the casino and in 
the park. McCoy Tyner. Woody Her- 
man Orchestra. Abbey Lin- 
coln, Jeny Gonzalez and 
the Fort Apache Band, Bud 
Shank, Frank Foster Or- 
chestra. (35 1-1 J4S3-1000. 

VAL. Perugia. Italy. July 
11-20: A combination of 
ambitious size, beat-fee- 
band programming, busi- 
nesslike organization, mind-blowing 
architecture and taste-bud-popping 
pasta. If there issuch athing astheone 
and only best, this is it. Concerts in a 
park, the ruins of a medieval church, a 
stunning Renaissance theater, and the 
beer flows in stone-walled wee-hour 
joints. Hank Jones. Dee Dee Bridge- 
water. Marcus Miller, Manhattan 
School of Music Big Band. Ray 
Brown. Courmev Pine, Joshua Red- 
man, Jazz Passengers with Deborah 
Harry. Steve Coleman, Rockin’ Dop- 
sie Jr. & The Zydeco Twisters, Tom 
Harrell. George Russell. Youssou 
N’Dour. T.S. Monk. (39-75) 573- 

J.AZZ IN MARC LAC, France. Aug 
7-17: The biggest difference between 
human beings is neither race, nation- 
ality. age nor religion. It is the dif- 
ference between city and country. 
Time is different, and space. The 
twain meet here in the Gere, the 
middle of nowhere in southwestern 
France, where the music comes to the 
folks rather than the other way around. 
A perfect blendship of culture, major- 
league sound, good ecology and 
friendship. Johnny Griffin. JackyTer- 
rasson. Wynton Marsalis, David (Fat- 
head) Newman. Frank Lacy, Benny 
Waters. The Carnegie Hall Jazz Band. 
Tommy Sancton. Phil Woods, Ray 
Charles. Original Prague Syncopated 
Orchestra. (33-5) 6209-3333. 

A Somber Search for Ireland’s 

By Christine S. Cozzens 

OST visitors to Ireland 
first come upon evidence 
of the Great Potato Fam- 
ine of 1 845-50 where I did 

— in the graveyards. Prowling around 
the north transept of Sl Mary's Col- 
legiate Church in Youghal; County 
Cork, one afternoon, I was surprised to 
rind a large, rounded-off pyramid of 
earth surrounded by an iron railing 
marking a famine grave. 

Sir Walter Raleigh is said to have 
introduced tbe potato to Ireland next 
door in fee garden of his mansion, 

- Myrtle Grove. In Kilmallock, County 
Tipperary, a huge expanse of prime real 
estate stands empty in fee middle of a 
housing development, and in lush pas- 
tures above the town of Callan in 
County Kilkenny, one field of green has 
been landscaped as a memorial to the 
dead buried mere. 

Many famin e burial grounds bear no 
markers. In Dunfanaghy, on fee north 
coast of Donegal, townspeople directed 
me to a triangular yard of grassy 
mounds on a hill overlooking fee bay. 
The swollen earth, uotouched after all 
these years, is eloquent if silent. 

Once Europe's most densely pop- 
ulated country. Ireland lost a quarter of 
its population through death (about 1.5 
million) or emigration (about I million) 
as a result of fee blight that devastated 
seven consecutive potato harvests, a 
period of unimaginable suffering that 
transformed fee society and landscape 
so profoundly feat it has taken gen- 
erations for its stories to be told. 

commemorations The sesquicent- 
ennial of ' ‘Black ’47“' — the worst year 
of the famine — is being commem- 
orated this year. And for the next several 
years in Ireland, fee famine will be the 
subject of exhibitions, radio plays and 
television programs, books and articles, 
and service projects related to world 

Tbe famin e produced few 
works of an and no architec- 
tural monuments. Most con- 
temporary guidebooks — if 
they mention it at all — treat 
this calamitous event in a para- 
graph. Yet fee famine's mark 
is visible everywhere, and fee 
traveler attuned to its presence 
will see an Ireland of more 
shading and nuance than the 
country of pubs and sham- 
rocks — a portrait in fee realist 

Since 1800 the British gov- 
ernment, ignorant of Irish lan- 
guage and culture, had ruled 
Ireland, and when in 1845 re- 
ports trickled into London of a 
potato harvest blackened and 
inedible, few observers envi- 
sioned widespread starvation. 

The cause of fee blight to Ire- 
land's dietary staple — a 
fungus from America — re- 
mained a mystery, as politi- 
cians and pundits blamed 
everything from the weather to 
Irish fecklessness. Though fee 
worst was over by 1852. fee 
tide of emigration that surged 
wife the famine continued for 
a century. 

Over 20 years of traveling fee coun- 
try, I had collected many references to 
this supposedly invisible epoch and 
wanted to know more, so last spring I 
followed an erratic, impractical itiner- 
ary from one end of Ireland to fee other 
in search of fragments of famine his- 

I began my search for Famine Ireland 
in Strokestown, County Roscommon, in 
fee rich midlands farm country, land of 
fee "big houses” built and sustained by 
the labor of tenant farmers. Beyond a 

ChrM. fhf Bum mi 

Coastal Donegal was one of the regions hardest hit by the great famine . 

triple-arched gateway in fee town center 
lies a white stucco Palladian-style edi- 
fice, Strokestown Park House, whose 
owner. Major Denis Mahon, was as- 
sassinated in 1847 after forcing more 
than 3,000 of his starving tenants to 
emigrate. It now houses Ireland's first 
major exhibition chronicling fee forces 
feat made fee potato blight so cata- 
strophic. Set in the former stables, the 
Famine Museum opened in 1994, and 
draws together research and testimony, 
including Strokestown Park. House's 
original estate records. 

In the main house, fee reception 
rooms and private quarters are furnished 
with original belongings in telling con- 
trast to fee conditions of the tenants os 
depicted in fee museum. In the 1840s on 
rent day fee Fanners entered fee land- 
lord's home through a tunnel built to 

Monaghan — are not ancient fortific- 
ations but famine relief projects. 

When the blight struck, fee Earl of 
Rosse, owner of Bin Castle in County 
Offaly, turned the castle's resources 
over to community relief and research 
into the cause of the disaster. To provide 
jobs, he embarked on several building 
projects: a star-shaped moat and a 
crenelated keep, both designed by the 
earl's wife, Mary, to enhance the 
castle's Gothic appearance and still 
standing today. Not far from the castle, 
behind fee largely intact workhouse, fee 
mass famine grave is marked by a 
simple Celtic cross put up recently by a 
local woman at her own expense. 

Sometimes relief came wife a price. 
West of Strokestown, on fee northern 
rim of Clew Bay, lies Actaill Island, 
County Mayo, one of fee regions hard- 

Paul, .ter 

This year marks the 150th anniversary of "Black ' 47." the worst of the potato famine. 

keep fee crowds from interfering with 
the parkland views. 

While many landlords fled during the 
famine years, others took an active role 
in improving conditions at home. In fee 
1840s, Ireland's Gothic Revival en- 
joyed a resurgence as estate owners 
invented projects to provide employ- 
ment because they feared fee debilit- 
ating effects of charity. The famous 
"shilling a day” walls that surround so 
many estates — like fee long stone wall 
at Castle Leslie in Glaslough, County 

est hit Even before hunger intensified 
fee religious and cultural differences, 
Protestant ministers moved into Cath- 
olic, Irish-speaking areas of the country 
like Achill hoping to win converts. In 
fee 1830s the Reverend Edward Nangle 
set up a Church of England mission in 
the village of Doogort at the base of 
Slievemore, an immense .mountain 
touched wife mica and quartz. 

Nangle hoped to spread the English 
language, and when famine struck, he 
added food and shelter to fee advantages 

Of Chamber Pots and Potatoes in Munich’s Museums 

By Roderick Conway Morris 

fi.-fy //, r. i /,/ 7' shin. 

M UNICH — Free admis- 
sion for "over-99-year- 
olds accompanied b> 
their parents” and. in- 
deed. anybody, so long as they view the 
museum "from the outside," are two 
of the distinctive attractions of the 
Valentin Museum, which occupies the 
[sartor, a medieval gaiewaj to the city. 

It is dedicated to fee life and times of 
Karl Valentin f 1882-1948). Munich’s 
zaniesi music-hall artist, stand-up com- 
ic and author of several hundred pla\ s. 

films and sketches. 

For those who don’t qualify for the 
unique!) uencrous concessions offered 
h\ the Mu-aeum (whose adjusted 
spelling wickedlv mimics the pronun- 
ciation of tile kind of hopeless ignora- 
mus who wouldn’t be seen dead in 
one), fee entrance charge of 299 pfen- 
nigs iSI.75i seem.-. u not unreasonable 
price to see Valentin's only painting, 
an entirely black canvas. "Chimney 
Sweep by Night.” to make the ac- 
quaintance of Professor Fluidum. in- 
ventor of a weed-killer so potent ir 
made "even the shovel bloom." and to 
encounter a host of other manifest* 
aliens of Valentin's fruitfully deranged 

RENDEZVOUS The cate. 87 spiraling 
steps up on the top floor. i> a popular 
rendezvous, with a table reserved for 
■ 'old fogies.” the trombone with w hich 
Valentin caused untold distress to him- 
self and his listeners, and dozens of 
objects evoking this life-enhancing an- 
archic figure. 

In a citv feat takes its cultural life 

seriously and has excellent 
museums on just about 
every- subject from Egyptian 
an to Electricity.’ fee 
Valentin Musaeum might 
seem an eccentric anomaly, 
but turns out to be fee tip of 
an iceberg of oddball mu- 
seum culture. A stone's 
throw away from the Isanor, 
at 41 Westenrieder Srrasse. 
is ZAM. the Zentrum fuer 
Museen (The Center for Un- 
usual Museums), the cre- 
ation of Manfred Klauda. 
the doven of Munich’s al- 
ternative museum curators. 

”1 w anted to paint when I 
was a \ouns man and even 
had some exhibitions, but 
this was just after the last 
war. Mv parents had no sympathy wife 
my artistic ambitions and told me to 
siudy something to make a proper liv- 
ing." said Klauda, who reluctantly be- 
came lawyer, bui at 60 retains an ir- 
repressible air of good humor, energy 
and curiosity. While plugging away at 
his unchoscn profession Klauda con- 
tinued to haunt museums, galleries and 
auction rooms, and ii began to strike 
him feat a number of interesting but 
peculiar areas of cultural hisrory were 
passed over in standard institutions. 

"Then l happened to go to an auc- 
tion and found a small collection of 
chamber pots forsaie. 1 was amazed not 
only how nice these ponies were, but 
how clearly they represented progres- 
sive changes in artistic and decorative 
styles.” he said. Klauda now - has more 
than 8.000 chamber pots, of which 
2.000 are on >how at ZAM. The col- 

A pedal-driven classic car copy in Munich museum. 

lection stretches from Roman times to 
some remarkable Art Nouveau pro- 
ductions of the turn of the century, after 
which fee utensil began to disappear. 

Refined Workmanship 

The refinement of many of the 
pieces, made by fee most celebrated 
makers of ceramics and porcelain, and 
some bearing fee coats of arms of ar- 
istocratic and royal families, is extraor- 
dinary — fee point being, as Klauda 
said, fear “the higbest-quaiity products 
were sriil made by the best artists and 
craftsmen available, regardless of the 
fact that, in this case, they were making 
chamber pots.” 

There is also a whole section de- 
voted to fee bourdaloue. These gravy- 
boat-shaped objects, nowadays often 
mistaken for antique tableware, were 

named after a French Jesuit 
preacher, Louis Bourdaloue 
(1632-1704). whose fash- 
ionable but interminable 
sermons led aristocratic fe- 
male fans to bring wife them 
discreet vessels to relieve 
themselves if the need 
arose. Bourdaloues also 
proved generally conveni-. 
ent for ladies wearing fee 
cumbersome full-dress of 
the period, and for Those 
traveling by coach. The 
principal manufacturers in 
China. Japan and Europe 
produced them for a mainly 
upper-class clientele, and 
Klauda’s collection con- 
tains monogrammed ones 
made for Marie-Autoinene 
and her sister Marie- 
Chnstine, and toy ones for dolls. 

Since launching fee center Klauda 
has received both loans and donations 
and has acquired objects feat enabled 
Him to hold a series of temporaty shows 
on specific themes and to create more 
permanent sections in fee museum. A 
recent temporary exhibition covered 
fee evolution of the Christmas tree — 
originally often hung from the ceiling 
Uke a chandelier — and new longer- 
term rooms reveal the mysterious his- 
tory of Easter bunnies and Easier eggs 
(traced back to feeir origins as fertility 
symbols in ancient religions) and a 
marvelous collection of children’s ped- 
cars, a pint-sized museum of fee 
development of fee automobile, wife 
some obviously expensive pedal-driv- 
en models of classic makes from 
Bugattis to Buicks. I Klauda once 
pedaled one of these robust, child- 

proof vehicles from Munich ro 
Dresden ). 

The pedal cars and Easter bunnies at 
ZAM are particularly popular with 
children, as is another museum not far 
away at 53 Neuhauser Strasse, the Jagd 
und Fischereimuseum (Museum of 
Hunting and Fishing). Ir is housed in a 
magnificent former Augusrinian 
church and, apart from paintings and 
antique firearms, it has an enormous 
collection of stuffed animals. 


MONG fee prize exhibits are 
Wolpertingers: mythical, rab- 
i bit like creatures with claws 
like birds and wings, which mischiev- 
ous taxidermists concocted to foot gull- 
ible folk. A number of examples are 
shown in their woodland habitat, with a 
deadpan map of feeir distribution in 
remote parts of southern Germany. 

A recent newcomer to the ranks of 
Munich’s seemingly off-fee-wail, but 
informative collections, is Das Kar- 
toffelmuseum (Potato Museum), at 2 
Grafinger Strasse (near the Ost- 
bahnhofl This provides an absorbing 
history of the “mie gold of fee Incas.' ’ 
illustrated with contemporaiy paint- 
ings, drawings, engravings, prints and 
other exhibits, from fee tuberis origins 
in fee Andes (where fee Incas not only 
worshipped but perfected a method of 
freeze-drying fee vegetable), to its ar- 
rival in Europe as a purely decorative 
Diant, then delicacy for the rich, and 
later staple for the poor and source of 
alcohol, paper, soap and cosmetics. 
Among fee curiosities on show is a 
promotional pin-up. put out by the 
Idaho-porato growers, of Marilyn 
Monroe in a fetchingly figure-hugging; 
made-to-measure potato sack. 

of the Protestant faith. Called 

ism because soup was offered 

price of conversion, this iactic-gan^ 

strife on Achill and elsewhere,' but jn 
other places Catholics and Protestants 
worked together to provide relief. The 
brightly painted missionary buildings 
house a hotel now. and Naagle’s dgsrli 
is still in use. 

Villages along the Donegal coast 
benefited from relief projects, but bard 
labor tended to worsen the condition of 
already ill-nourished workers, and 
political wrangling dismantled fee-pro. 
gram before it could be reformed. 

Durable Structure* 

Bui in towns all over Ireland, fee 
public works projects — . municipal 
buildings, roads, bridges and viaducts, 
drainage systems — were solidly buHt 
and many exist today. In the tiny cliff, 
side village of Bun beg straddling fee 
mouth of tbe River Clady, the harbor 
and fee nearby grain store were built as 
pan of this program. Farther north at 
Ponnablagh, the stone pier in the tiny 
harbor bears fee dare 1 849. 

In Donegal I visited the recently re- 
stored Dunfanaghy Workhouse, one of 
130 such structures the British built for 
relief in freland on the eve of fee famine, 
little realizing how quickly they would 
fill- to overflowing. Many workhouses 
still stand and are easi ly recognizable by 
their architecture and bv fee 1 840s date 
above fee main door. Some, like the one 
in nearby Letterkenny, serve as mu- 
seums of local history, while otherc 
maintain a vestige of their original pur- 
pose as hospitals or nursing homes. 

The Dunfanaghy exhibition focuses 
on famine history, including artifacts, 
illustrations, and recorded testimony 
from survivors. The building's bilateral 
structure reflects fee separation of men 
and women, boys ana girls; families 
were divided, some never seeing their 
relatives again. 

The prevailing philosophy — con- 
sidered advanced for its time — was to 
make workhouse life humili- 
ating so that only the most 
destitute would apply. Upon 
acceptance, inmates donned 
uniforms, gave up all land 
holdings and personal effects 
and. already weak from star- 
vation. carried put hard labor. 
By 1847 workhouse deaths 
had soared to 2,700 a week. 

In spite of some prosperity 
brought by tourism. Ireland's 
western counties still wear an 
atmosphere of desolation in- 
herited from famine times, a 
product of fee mass emigration 
that transformed these forma 
strongholds of Irish culture 
and language. In Mayo. Gal- 
way, Clare, Kerry and Cork, 
there are still ruins of cottages, 
churches, and stone walls 
marking settlement boundar- 
ies feai were 3b3ndoned dur- 
ing fee famine- or afterward. 

West Cork is still haunted by 
famine stories. On fee Mizen 
Peninsula, a finger of land jup- 
ting out into the Atlantic, res- 
idents tell of a long tradition of 
watching fee emigrant ships far 
out at sea sail westward. Tbe 
travelers’ last glimpse of Irish 
soil would have been Fasmet Rock, six 
miles off Mizen Head and the scene in 
1847 of the wreck of the Stephen Whit- 
ney, a ship carrying emigrants. 

On either side of Roaring Water Bajj 
fee towns of Skibbereen and Schufi 
prosper today, the former as fee region's 
chief business center, tbe latter as a 
yachting venue. Skibbereen and Schull 
were once described as “those two fam- 
ine-slain sisters of the south.” As the 
suffering worsened in fee southwest, a 
local minister published graphic reports 
on the conditions at Skibbereen. 

The cry “Revenge for Skibbereen'- 
has fueled ami-British protests in Ire; 
land ever since, and the local workhouse 
was burned in 192 1 . during fee violence 
that preceded independence. 

I N Skibbereen today, only the old 
steam mills near the river, site of a 
soup kitchen supported by subscrip; 
lion, and the workhouse wall now sur- 
rounding a hospital, remain. But at Ab- 
beysrowry, west of town, amid fee ruins 
of the 14th-century Cistercian abbey, a 
field of uneven grassy mounds and a 
memorial mark the mass burial ground or 
famine pits, where during the” 1840s a 
nightly procession brought hundreds of 
bodies. Carpenters worked night and day. 
but eventually fee pits could not accom- 
modate fee extra bulk of the coffins. 

At fee head of Cork harbor, the town 
of Cobh, formerly known as Queen- 
stown, commemorates fee drama of 
emigration. After the famine years, de- 
pressed conditions in Ireland led an- 
other 2 million people to leave, reducing 
the population of fhe island to 4 million, 
where it stands today. With its wrought- 
iron railings, street lamps, and neat 
flower beds. Cobh (pronounced cove) 
— fee major embarkation point for 
North America from the famine to 1950 
— blends Georgian and Victorian ar- 
chitecture along a waterfront once con- 
gested wife passenger ships. The orig- 
inal train station and transit point has 
been carefiiily restored. Called fee 
Queenstown Story, the spacious build- 
ing houses a collection of luggage and 
personal items carried on board any 
audiovisual displays, including di - * 
oramas depicting the severe conditions 
of shipboard life. 

My great-grandfather. Nicholas 
Cozzens. who left County Wexford as a 
boy during fee famine, probably sailed 
from Cobh. 


;!!. i • u 



K l4 

N 5 

Christine S. Cozzens. who teaches 
writing at Agnes Scott College in Dec*, 
atitr. Georgia, wrote this for The New 
York Times. 


PAGE 11 


Unhappy Customers Talk Back 

By Roger Collis 

Inunuuiomil Herald Tribune 

J UST in case there's a business 
traveler who has any doubt that air 
travel, is a miserable, often de- 
grading, experience, here comes 
United Airlines with a $125 million mul- 
timedia advertising rampaion apologiz- 
ing to road warriors for the “pitiful state” 
of air travel and promising to make 
amends with a 5400 million program of 
“service enhancements” — a “blueprint 
that will enable the airline to revolutionize 
air travel in die next several years." 

The campaign is based upon “one of 
the most exhaustive studies of air trav- 
elers ever undertaken,” according to 
Gerald Greenwald, United's chairman 
and CEO. “it would be disingenuous of 
me to say we weren't already aware of 
the fact that air travelers are unhappy/' 
he says, somewhat ingenuously, you 
might feeL “What shocked us was the 
depth of dissatisfaction we uncovered.” 

According to United, “air travel can 
be a frustrating, isolating experience for 
business travelers” who often feel 
“trapped or helpless when things go 
wrong," have learned “to look out for 
themselves because the airlines won't 
look out for them” and “don't believe all 
that we tell them when planes are delayed 
or canceled." And when it comes to 
fares, “they fee! we’ve cheated them.” 

Getting No Respect 

Travelers faulted airlines with a range 
of shortcomings from ticketing, check- 
in and in-flight amenities to baggage- 
handling and punctuality. Business trav- 
elers — who account for 9 percent of 
customers and 45 percent of revenues — 
“do not feel that airlines show them the 
respect they deserve.” 

Airlines have rarely had it so good. 
Fares have increased with rising de- 
mand, faster than the rate of inflation, 
according to the American Express Air 
Fares Index, especially for business trav- 
elers emerging from die recession. 

The Association of European Airlines 
(representing 26 carriers) reports that 
passenger traffic for April increased by 

1 1 percent. Overall “load factors” are on 
course for a record 71 percent this year. 

The growth of alliances, such as die 
recently announced Star Alliance be- 
tween United Airlines, Lufthansa, SAS, 
Air and Thai Airways, and die 

controversial American-British Airways 
allianc e on die North Atlantic, has, ar- 
guably, resulted in less competition and 
lack of consumer choice on many major 
routes. Airlines, especially in the United 
States, have been retreating to their core 
hobs, tacitly relinquishing business to 
their rivals, creating monopolies or duo- 
polies on major nates. Delia, for ex- 
ample, with a monopoly on nonstop 
flights between JFK and Salt Lake City, 
offers a cattle-truck service worthy of 
navel in the former Soviet Union. 

Richard Whitaker, editor of Airline 
Business' magazine, says: “The United 
case is quite significant. Airlines have 
concentrated on cost-cutting, making 
themselves more efficient, and now 
they’re starting to realize they've for- 
gotten the customer. I mean, Greenwald 
of United standing up and saying, ‘We 
shouldn’t be talking about United’s 
friendly skies’ — their slogan for 30 
years. He’s right!” 

□ ‘ 

The most important factors in choos- 
ing an airline are a convenient schedule 
and a reputation for safety, closely fol- 
lowed by on-time performance, comfort 
and legroom and efficient check-in. ac- 
cording to the OAG Business Lifestyle 
Survey 1997. The survey looks- at at- 
titudes and behavior among 5.250 fre- 
quent travelers in Britain, the United 
States. Japan, Italy, France. Singapore, 
Germany, Australia and Hong Kong. 

“Cheapest available fare” ranked 
only ninth in factors influencing choice 
of airline, after frequent-flier programs, 
friendty/helpful cabin staff, ana advance 
seat selection. Forty-four percent of re- 
spondents traveled in economy on their 
most recent trip, a slight increase from 
1996. The more they travel, the more they 
want frequent-flier awards and access to 
lounges in preference to a cheap ticket. 

North America is the most popular 
business destination, especially with the 

French (60 percent) and British (58 per- 
cent). Around 45 percent of travelers 
from America and Asia Pacific have 
visited Europe in the last 12 months. 

Among Europeans, Germans are -the 
most frequent visitors to Asia;. -the 
French travel most to Africa; the British 
make most trips to Australia, while Itali- 
ans travel the most to Central and South 
America and the Middle East. 

TMi HIGHLIGHTS Ian Wheeler, market- 
ing director, Europe. Middle East and 
Africa for OAG, says: “I think there are 
four highlights: First is that travelers are 
saying time and time again that time — 
convenience of schedule — dictates how 
and when they fly, despite all the airline 
hype about in-flight cuisine and enter- 

“Second is the truth behind the myth 
that the typical business traveler is a 
young high-flier with a large multina- 
tional. They are much older than die 
young, dynamic people you see in die ads 

— especially Americans, half of them 
over 55 — who spend a considerable part 
of their working life traveling and work- 
ing quite hard. 

“Third is the use of technology - — the 
first time we've asked this question. 
Nearly a quarter of travelers nave ac- 
cessed the Internet but only 4 percent 
have used it to book travel — .mostly 
Americans and Japanese. There’s po- 
tential there, but it’s not as immediate as 
a lot of people are saying. 

“And fourth, differences in cultural 
traits, which make fascinating ' reading. 
I’m always surprised that there are so 
many differences despite die fact that 
business travelers lead such similar 
working lives. The big differences are 
things that people prioritize when they’re 
traveling. The French like comfort, food 
and drink during the flight, plent y of 
legroom, and are very conscious of FFP 
status and perks; the British are especially 
fond of die airport loun ge, and Americans 
are most avid for FFP miles.’ ’ 

A common sentiment: Business trav- 
elers will do almost anything on a plane 

— sleep, read, work, eat, listen to music 

— as long as they don’t have to talk to 
the person sitting next to them. 



' i 

Britain to Canada 

Aeroplan members traveling in business class or full-fare economy earn 
triple or 25*000 mjles — whichever is greater— on any round-trip between 
London and Canada. For travel until Aug. 31. 


London to.Beffng 

Round-trip ecorfemy'fere' costs £399 ($650) for travel during July. Some 
restrictions apply. 



Special round-trip fare of £59 ($95) for passengers traveling on the first 
morning flights to Amsterdam, Edinburgh end Rotterdam from England. No 
minimum stay; return any time subject to availability. 


• i 


France to Israel 

Second ticket half price on round-trip economy flights from Paris to Tel Aviv 
or Bat Certain conditions appJy From June 26 to July 23. 



London to Paris 


■Premium First, which matches the pries of a full-fere business-class air 
ticket of £370 ($605), includes taxf transfers at Waterloo and Gare du Nord 
to city-center addresses, meals with champagne and wine, and access to 
lounges in London and Paris. Tickets are interchangeable with British 
Midland business-class flights. 



to Midcfie East 

Four promotion options, for travel from London Heathrow to Doha. Abu 
Dhabi, Bahrain or Muscat automatic upgrade to next class when you pay 
the full economy or business-class fare; pay the single full fare In economy, 
business or first class for a free return leg; two-tor-one in economy, business 
or first class; special round-trip economy fares from £399 ($650). Travel 
must start before July 15. 



to Riga, Latvia 

Passenger paying a round-trip economy fare of £550 ($900) will be 
upgraded to business class at check-in (subject to availability). 


Nice to 

\ Amsterdam 

Round-trip fare of 1 .485 francs ($255) — plus 10 percent discount for over 



“London Event-Package" for £85 ($138) per person for a one-night stay in 
double room includes English breakfast two-course evening meaJ and taxi 
to your choice of event in the West End. Until Aug. 31 . 


' Dublin 

Summer package for 432 Irish punts ($645) for two people includes two 
nights’ accommodation, Irish breakfast, one dinner at the hotel, and a 
guided pub tour. Until Oct 31. . 


Hong Kong 

. Singles from 1 ,300 Hong Kong dollars ($168) per night indudes American 
breakfast Internet and E-mail access and fax machine, late check-out until 
6 P.M. Until SepL 15.- 

Although tho IHT carahdy chocks these offers. please be forewarned tfut some travel agents may Be unman ot them. or unable to book them. 


Trial and Error 

Directed hy Jonathan Lynn. U.S. 
Nobody who hires Michael Richards to 
play a fight scene should ever have to 
worry about finding anyone to hit him. 
Richards, the rubber-limbed not-so- 
secret weapon of “Seinfeld," can do the 
job hilariously all by himself. One brief, 
priceless bit in "Trial and Error” Finds 
him auditioning for a mobster’s role and 
flopping all over the scenery, taking a 
merciless beating with no assailant in 
sight. He’s supposed to be playing a 
ridiculously bad actor and he rises most 
avidly to that challenge. Richards teams 
up wittily .with Jeff Daniels in “Trial 
and Error.” a comedy that’s'much fresh- 

er and sunnier than it has any real right to 
be. Jonathan Lynn, the director of “My 
Cousin Vinny.” has essentially made 
the same film all over again in a different 
setting', but the formula still works. 
Once again a faker is forced to play a 
lawyer, this rime in panoramically beau- 
tiful Nevada instead of the sleepy South. 
Lynn, a clever English filmmaker with a* 
gently satirical eye for arch-Americana, 
knows just how to make the lone 
tumbleweed blow across the road in this 
cowboy town. “Trial and Error” works 
best when simply unleashing its mad- 
ness on the legal system.' Austin 
Pendleton as the gimlet-eyed judge and 
Rip Tom as an old reprobate help bring 

this travesty of justice to zany heights in 
a couple of sustained testimony scenes 
iToro has a th rillin gly shameless mono- 
logue). As an expert witness who ear- 
nestly explains why Twinkies resemble 
cocaine. Dale Dye has a brief but scene- 
stealing role. (Janet Mastin, NYT) 


Directed hy Roger Christian. U.S. 

This is a very strange bunch of crim- 
inals. They have the eyes of hardened 
men. they kill with deliberate casual- 
ness and they are all huge fans of Broad 
way musicals. When Johnny Crown 
(Denis Leary), praising Rodgers and 
Hammers rein while pouring Cham- 




Palais des Beaux-Arts, tel: (Z) 
507-8466. dosed Mondays. To 
Aug. 17: "Alberto Burri." His ex- 
perience as a prisoner of war In 
Texas had a strong Influence on 
the Italian artist (1915-1995). in- 
spiring the use of tom sacking, tar. 
burnt wood and plastic in his work. 
The exhibition brings together 1 GO 



European Academy & The Ao- 
cademia Italians, tel: (171) 235- 
03-03. open daily. To July 20: 
•'Serenresima: The Arts of Fashion 
in Venice from the 13th to the iSth 
Century.” Traces the Venetian 
fashion industry from carnival cos- 
tumes. ornate fabrics and ac- 
cessories. to tools ol the trade 
Also in the show, paintings and 
pnnts. including works by Retro 
Longhi (1702-17851. illustrate 
Venetian life and manners. 



Museum of Foreign Art, 
Sinebrychoff. tel: (0) 17-33-61. 
dosed Tuesdays. To Aug. 17: "The 

Hans Bel Inter's "Le Cha- 
peau-Mains " in Paris. 

Rose Madonna and Other Mas- 
terpieces from Utrecht." In the 16th 
and i7rh centuries. Ulrecht 
provided a fertile ground lor the 
development of religious art as ex- 
emplified here by Jan van Scorers 
“Madonna.” Also includes works 
by Dirck van Baburen. Gerard van 
Honthoref and Jan Weenrx. 



Fandation Cartier pour TArt 
Contemporain, tel: 01-42-18-56- 
50 dosed Mondays. To Nov. 2: 

■ Amours “ The expression of love 
as depicted in drawings, paintings, 
videos and sculptures. Features 
works by Brancusi. Ingres. Wat- 
teau. Rodin, photographs by Bras- 
sai and Mapplethorpe, and (rim ex- 

Grand Patois, tel: 01-44-13-17- 
17. dosed Mondays. Continuing/ 
To July 14: "PansiBnixelles - 

Broxelles/Pans." The confronta- 
tion between Belgian and French 
art in the second part of the 19th 

Musee-Galerie de to Selta, tel: 
01-45-56-60-17. closed Mondays. 
To June 14: "Bellmer Graveur." A 
member ol the Surrealist move- 
ment. the. German artist (1902- 
1975) became notorious for the 
eroflosm of his drawings. The ex- 
hibition features 60 drypolnts dat- 
ing from the 1 960s and 70s. 



Martin-Gropius-Bau, tel: (30) 
254-86108. open daily. Conti rw- 
ingfTo July 27: “The Age ol Mod- 
ernism: Art in the 20th Century." 
More than 300 works by 150 


Rheinisches Landesmuseum, 
tel: (228) 72341 . dosed Mondays. 
To Aug. 24: "Und Sie Haben 
Deutschland Veriassen .. Mussen: 
Fotogralen und Ihre Bilder: 1928- 
1997.” Documents the lives and 
works of the German photograph- 
ers — including some who fell into 
oblivion — who had to leave Nazi 
Germany. More than 400 photo- 
graphs are exhibited. 

■ I T A IT 

Galleria d'Arte Modems, tel: (51) 
50-28-59. closed Mondays. To 
Sept. 7: “Baselitz." Works by the 
German artist (bom 1938). a lead- 
ing artist tn the Neo-Expressionst 
movement, and best known for 
painting faces upside down. 


Forte di Belvedere, tel: (55) 234- 
24-25. To Sept. 30: “Phinip King.” 
More than 90 sculptures, drawings 
and prints by the Bntish sculptor 
(bom 1934} are presented in the 
interior galfenes and terraces of 
the Fort, located high above 
Florence. Celebrated for his inno- 
vative use of plastic, fiberglass and 
fluorescent colors. King has re- 
cently returned to human figures. 



Bunkamura Museum, tel: (3) 
3477-9150. To July 21 Pierre 
Bonnard.” 70 paintings by the 
French painter (1887-1947). 
whose paintings were influenced 
by Ait Nouveau and Japanese 

Tokyo Metropolitan Art Mu- 
seum, 161: (3) 3823-6921. dosed 
Mondays Contfnulngfio July 13: 
"Louvre: 18th-Century Paintings." 
More than 70 paintings by Wat- 
teau. Chardin. Boucher and 



Centro Cultural de BeJem, tel: (1 ) 
301-9606. open dally. To Aug. 10: 
"Donald Judd: Escuftura, Mobili- 
ano. Gravura.” Colored metal 

* some o( the famous eggs, as well 
as enameled caskets, picture 
frames and small animal sculp- 
tures and flowers. 



Musee Rath, tel: (22) 31Qr5270, 
dosed Mondays. To Sept 7: 
"Balthasar Burkhard: Eloge de 
i I'Ombre." The exhibition traces the 
evolution of the photographer, 
from (he large realistic works of (he 
1960s. to his fragmentary explor- 
ation of the human body, the Jap- 
anese Influence and the late pho- 
tographs of animals. 


Derail of Derain's "La 
Dansa in Barcelona. . 

sculptures dating from the 1960s. 
pieces of furniture and engravings 
on Japanese paper by the Amer- 
ican Minimalist artist (1928-1994). 



Museu Picasso, tel: (3)319-6310. 
dosed Mondays. Contfnuing/To 
June 29: "Andre Derain. 1904- 
1912." The latest in a senes of 
exhibitions devoted to artists who 
were influenced by Picasso, it 
brings together 60 paintings, 
sculptures and drawings created 
during the years of a great friend- 
ship between the two artists. 



Natl an at museum, tel: (8) 866- 
4250, dosed Mondays. To Oct. 1 9: 
"Cart Faberge: Goldsmith to the 
Tsars " Cart Faberge was jeweler 
and goldsmith to the czar tn the last 
decades of the Empire, and had 
workshops in SL Petersburg and 
Moscow. The exhibition indudes 


Museum of Fine Arts, tel: (713) 
639-7300. dosed Mondays. To Ju- 
ly 20: "Portrait of a Decade: David 
Alfaro Siqueiros." More than 70 
paintings, watercoiors. woodcuts 
and lithographs by the Mexican 
artist, muraltsl and political activist 


June 8: “The Berlin of George 
Grosz: Drawings, Watercolours 
and Prints, 1912-1930." Royal 
Academy of Arts, London. 

June 8: "Hogarth The Painter A 
Celebration of the Tercentenary of 
his Birth" and 'Turner's Watercol- 
our Explorations 1 810-1842." Tate 
Gallery, London. 

June 8; "August Sander In Pho- 
tography There Are No Unex- 
plained Shadows." National Por- 
trait Gallery, London. 

June 9: “Le Miroir Noir Picasso. 
Sources Phoiographiquas." 
Musee Picasso, Paris. 

June 6: “Pouchkine Chez Balzac." 
Malson de Balzac, Paris. 

June 8: "The Early Mondrian." 
Kunsthal, Rotterdam. 

June 8: "Max Beckmann: Retro- 
spective." Fundaeio Juan March, 


June 8: “Art/Fashion." Guggen- 
heim Museum SoHo, New York. 
June 8: “Man Ray. Retrospective ." 
Musee d*Art Mode me et cTArt 
Contemporain, Nice. 

i < 'fjetyffier < 

Ccofc dc Cfa.drtmomtf 


Choking demonstration and urine tooting 
Chateau de Noset . Potully-FuMoi 
Tuesday, June 17: 7:00-10:00 p.m. 

For reservations, telephone : 01 43 16 30 50 

pagne, begins to sing “Anything You 
Can Do,” Frank Gavilan (Joe 
Mantegna) knows that’s an Irving Ber- 
lin number instead and says so. When 
Johnny mentions having played the 
Mitzi Gaynor role in “South Pacific’ ’ in 
prison, Ned Lynch (Larry Bishop) says 
“Nellie Forbush’ ’ and nods, impressed. 
Well, Gaynpr was only in die film ver- 
sion, but you get the idea. Yet “Un- 

derworld," the new film that these char- 
acters inhabit, is not a comedy. It’s a 
bloody, ultra violent, profane psycho- 
logical thriller that is probably trying to 
be “Pulp Fiction” and in the attempt 
proves just how brilliant “Pulp Fic- 
tion’ ’ was. John Travolta and Samuel L. 
Jackson made Quentin Tarantino's pre- 
crime banter about Big Macs and foot 
massages look easy, but apparently it 

wasn't. “Underworld" contains echoes 
of "Unforgiven.” too, and. at the be- 
ginning, foe lingering shots of a row of 
men being gunned down owe it all to 
“Bonnie and Clyde.” Fine actors in the 
lead roles struggle to maintain their dig- 
nity and to breathe betievability into 
these characters, who all talk strangely 
alike, and to an admirable degree they 
succeed. (Anita Gates. NVT i 



What Lawyers Talk About When 
They Talk About Law 

By Lawrence Joseph. 225 pages. S22. 
Farrar. Straus & Giroux. 

Reviewed by Christopher' 

Lehmann -H aupt 

I N a dictionary of quotations, the very 
kindest quote about lawyers comes 
from Oscar Wilde: ‘ ‘Lawyers have been 
known to wrest from reluctant juries 
triumphant verdicts of acquittal for their 
clients, even when those clients, as often 
happens, were’ clearly and unmistakably 
innocent.” So you brace yourself for foe 
worst as you pick up Lawrence Joseph’s 
new book, “Lawyeriand: What Lawyers 
Talk About When They Talk About 

Joseph, who is himself a lawyer as 
well as a published poet (“Shouting ac 
No One,” “Curriculum Vitae,” “Be- 
fore Our Eyes”), apparently believes 
that lawyers behave among themselves 
differently from foe way they do with 
people outside their profession. So he set 
out to meet in downtown Manhattan 
with as many different types of lawyers 
as he could find — : corporate, criminal; 
labor, personal injury, medical malprac- 
tice and so forth — to get diem to talk 
openly about their profession. 

Out of foe resulting conversations he 
has fashioned eight nonfiction pieces in 
foe form of short stories, with “foe 
names, circumstances and characterist- 
ics of the persons and places portrayed’ ’ 
in foe pieces “changed.” His book is 
“tnithniJ rather than factual,” he con- 
cludes, quoting Joseph Mirchell, “but 
solidly based on facts.” 

Sure enough, some of the talk does not 
reflea well on lawyers. A young as- 
sociate, wondering out loud why she 
wandered into a profession she dislikes, 
remarks. “No one hates lawyers to foe 
extent that they want their child not to be 

one.” A federal judge says: “Lawyers 
know too much. If you know too much, 
how don’t you lie?” 

A specialist in defending personal- 
injury suits recalls “that psychotic who 
killed those people on foe Long Island 
Rail Road,” “the psycho who tried his 
own case," and reports, “One of foe 
bailiffs — someone like that — said he 
wasn't all that bad, that in fact he was 
belter in foe courtroom than many, if not 
most of foe lawyers he sees.” 

“Lawyeriand” is by no means un- 
relievedly negative. Joseph is good at 
catching the way people talk and the 
details of their mannerisms; many of his 
lively characters fairly jump off the 
page. Some of them hang themselves 
with their indictments — - like foe several 
lawyers who condemn theirprofession's 
greed and in foe process betray their own 
avarice — so that a minus multiplied by 
a minus produces a plus. 

Others he talks with cut bracingly to 
foe heart of their subject, like the med- 
ical-malpractice lawyer who blurts this 
out about health-maintenance insurance 
companies: “The sons of bitches with- 
drawing necessary care to save money. 
We’re coming up with ways to sue them, 
too — we’re going to bring down the 
entire make-money-ai-foe-expense-of- 
foe-patient boondoggle. The doctors 
aren’t goiag to stop it, so we will. ” 

And in the book's strongest piece, 
called “Ceniere’s Answer,” an argu- 
ment between two lawyers on opposite 
sides of employer-employee relations is 
recorded so skillfully that two opposing 
philosophies are subtly but dramatically 

This piece is so strong that it makes 
foe reader feel justified in wanting 
“Lawyeriand” to be more than a series 
of evocative vignettes. After all, Joseph 
is a poet, and therefore ought- to know 
how to link his images coherently. Ahd 
after ail r by selecting as his epigraph the 
quote from the poet Rilke, “Don’t be 

confused by surfaces; in the depths 
everything becomes law,”, foe author 
encourages the reader to look for deeper 

Yet too often the points that “Law- 
yeriand” is driving at remain elusive. 
“All great problems come from the 
streets.” foe federal judge pronounces, 
but although Joseph is so impressed with 
this remark chat he uses it as the title of 
foe piece, he never quite reveals its 
meaning. When someone else makes a 
point by quoting foe German philoso- 
pher Friedrich Schlegel, "Irony is the 
awareness of the infinite plenitude of 
chaos,” you begin to suspect that your 
'leg is being pulled. 

And when foe young black lawyer 
remarks of “foe Tawana BrawJey 
thing,” that “it didn't happen, but it 
could have happened, therefore, it 
happened,” a degree of vertigo comes 
over you. 

E VEN more frustrating, foe parts of 
tiie essays often don’t seem to fit 
together. A piece called “Transaction- 
al,” about malpractice lawyers, ends 
with a powerful anecdote in which one 
of foe lawyers describes how he nearly 
came to blows with a hostile shoe sales- 
man But what foe story is supposed to 
illustrate, other than foe protagonist’s 
already established aggressiveness, is 
difficult to see. 

Elsewhere, foe stories go off on sim- 
ilar tangents that at first glance seem to 
mean something but on closer exam- 
ination don't really make much sense. 

Finally, “Lawyeriand” is an un- 
evehly provocative book foargoes in and 
out of focus and leaves foe reader grop- 
ing in a mist. If it is meant to chart an 
unfamiliar territory, then it includes too 
many tracts marked only with foe warn- 
ing, “Here lurk lawyers.” 

Christopher Lehmann-Haupt is on the 
staff of The New York Times. 


By Alan Jruscott 

T HE Old Guard of New 
York bridge players has 
faded away, and a group of 
young upstarts has taken 
over. Roy Welland, Christal 
Henner-Weliand, Sizabeth 
Reich and Brad Moss of Man- 
hattan. Lapt Chan of Forest 
Hills, Queens, and Jon Heller 
of Brooklyn, whose average 
age is 33, battled to victory in 
foe final of the Reisinger 
Knockout Team Champion- 
ship. In the 68-year history of 
the event, they are apparently 
the youngest winners. . 

In a semifinal match, the 
Welland team eliminated foe 
ton-seeded squad. 

The winners lest points on 
foe diagramed deal when 
Welland landed is the sen- 
sible- contract of five clubs. 
This seems certain to suc- 

ceed, looking at all four 
hands, but West, sure from 
foe bidding that the diamond 
ace was about to appear in the 
dummy, made foe diabolical 
lead of foe diamond nine. 
This suggested shortness in 
the suit. 

Welland could not afford 
to finesse, which might result 
in foe loss of a diamond trick 
and two club tricks, perhaps 
through a diamond niff. He 
made foe normal play of tak- 
ing the diamond ace, cashing 
foe spade ace, crossing to foe 
heart ace, and playing foe 
spade king. He was planning 
to discard, both : his rem aining 
diamonds, ahd was not 
pleased when East ruffed 
with the dub ten. He over- 
ruffed with the queen and had 
plenty to think about. Should 
he lead the club king or foe 

Leading foe king will suc- 

ceed if West began with a 
singleton jack, which would 
mean that East has ruffed with 
the ten from ace-ten-four but 
he might not have done so. 
Leading a lower card will suc- 
ceed if West began with the 
singleton ace, in which case 
East has chosen to ruff with 
the ten rather than foe jack. 

In other situations that 
seem to offer a chance, it is- 
likely that West will score a 
ruff in diamonds: West prob- 
. ably began with a singleton or 
small doubleton in mat suit. 
Thatistrue if East began with 
ace-ten doubleton or jack-ten 
doubleton. These two situ- 
ations do not balance oun ace- 
ten is more likely because 
East had a choice with jack- 
ten. .. . 

Welland played foe club 
king and 'went down, losing 
12 imps since in foe replay 
North-South made three no- 

trump. His play was slightlv 
wrong, although it takes 
much analysis to prove it But 
West’s brilliant lead gave him 
a nasty problem. 


* KQ J 73 
0 A J83 

4 A 103 

♦ 4 


♦ 10 9 S 6 4 2 
S Q M 7 2 
4 K9 



♦ 5 



* J10 6 

.4 A ' 



♦ KQ987532 

Both sides were vulnerable. The bid- 













3 MT. 

- Pass 



West led (he diamond nine. 

PAGE 12 



Russia’s Biggest Wheels Keep Nation Rolling 

By Michael Specter 

New York 7 Imes Service 

MOSCOW — Sergei Sezikh occupies 
a special place in Russian society, a place 
so central, sacred and essential that life 
without him — and thousands of men 
like him — would be bard to imagine. 

He is not a soldier or police officer. He 
does not paint or play piano. He cannot 
cook, ana politics bare him. But for 15 
years in which cars, engines and the 
blessed ability to travel have helped re- 
shape Russia and broadened horizons 
for millions, Mr. Sezikh has repaired 
tires for a living. He used to do it by hand 
with strips of rubber, a pot of glue and a 
soapy bucket of water. These days a 
machine helps. 

If that does not seem like a partic- 
ularly exalted role in a country racked by 
historic change, constant indecision and 
increasing hardships, then you have nev- 
er broken down on a country lane in the 
middle of the Russian steppe, or on a 
darkened city street, or in a rami village 
that looks like its newest buildings were 
put up by serfs in the 18th century. 

"People need to move," Mr. Sezikh 
said with a shrug, twirling a newly 
patched wheel ‘ They can't afford good 
tires, they don’t have the rime to fix their 
own. I help them get where they need to 

go. It’s always been very satisfying." 

People used to wait years for the op- 
portunity to buy a bad, overpriced Soviet 
car. Now they can get them on demand. 
They are still constantly in need of re- 
pair, though, and even newly manu- 
factured cars become old fast here. So 
few skills are more honored titan those 
required to turn a hissing heap of scrap 
metal back into something dial can move 
forward without a tow track. 

an industry — has become so funda- 
mental to the success of Russian trans- 

Mr. Sezikh can sometimes turn over 
100 tires in a day, and can earn nearly a 
dollar a tire for ms labors. 

"I don’t know how I would ever 
survive without these places," said 
V ifcto riya Avakanra, a 37-year-old 
teacher who recently stopped a i Mr. 
Sezikh’s place to have her Lada wheel 

Tires are die key to the whole system. New tires used to 
be rare. Now they are just too expensive. Old tires are 
still the only ones most people can afford — and that is 
why patching a tire has become an industry. 

Russian men appear to have a special 
car gene. Rural priests who cannot find 
the keys to the church pickup have been 
known to hot-wire the thing, and to do it 
in less time than it would rake a car thief 
in America. Soldiers put tank carbur- 
etors back together with tape. 

Tires are the key to the whole system. 
New tires used to be rare. 

Now they are just too expensive. Old 
tires are still the only ones most people 
can afford. That is why the vulcanization 
industry — if you can call patching a tire 

whacked back into something that could 
be described as a circle. "1 don’t have 
any money for anything but gas. I can’t 
afford tires. But he can always fix what's 

If there is one thing left to connect this 
vast, disparate and inconsistent country, 
it may be the tens of thousands of rusty 
vulcanization shacks that are spread 
across it, the mechanic's equivalent of 
first-aid stations. 

Charles Goodyear parented the rubber 
vulcanization process in 1844, but Rus- 

sians have taken it — melting, gluing and 
patching a tire — to a level that Good- 
year would never have envisioned. 

The shacks are everywhere. In 

Grozny, during the worst moments of t 

any, pi _ 

die Chechen war, there was always a 
$hed in the center of town where you 
could take your bullet-pocked car to get 

its tires repaired. 

But times are taking a toll on the 
freelance repair man. Oddly enough, in a 
country loaded with men on the make, in 
this area the entrepreneur has become 

It looks these days as if Mr. Sezikh, 
and so many like him stationed 
throughout Moscow in corrugated tin 
shacks, are about to pass into history. 

Yuri Luzhkov, the mayor of Moscow, 
has decided that wheel repair sheds 
should go the way of quaint old markets 
and wooden houses, which have been 
replaced by breath takingly garish malls 
and concrete apartment blocks. 

There are dozens of new gas stations 
in town these days, looking like they 
belong on a turnpike or an autobahn, and 
Mr. Luzhkov minks they ought to start 
repairing cars. 

"It would be the end of us, of 
course, " Mr. Sezikh said. “We couldn't 
compete with chains of gas stations of- 
fering free service. I just hope they know 

Iw v* WkW. ■ 

Sergei Sezikh siting rime out from repairing tires in a shop in Moscow. . 

what they are doing. Because not every- 
body does.” 

Would Mr. Sezikh and his colleagues 
ever consider working for one of the 
g leaming new stations that have started 
to appear throughout Moscow and other 
major cities? 

•* ‘No way,’ ’ he said, with a curt shake 

of the head. "It’s not service there. 
People are in one minute and out the 
next. There is no pride in that No feeling 
of satisfaction.*’ ! 

So what will he do if he is forced from 
his tin box in tire middle of Moscow? ! 

“I don’t know," he said smiling 
“Maybe I’ll get a job at McDonald’s. ; 

In Test of ‘Asian Values , 5 
China and Unesco Clash 
Over Freedom of Press 

By Barry James 

International Herald Tribune 

PARIS — A war is raging between 
"Asian values" and Western standards 
of press freedom at Unesco headquarters 
here after the United Nations' cultural 
organization gave a prize to an im- 
prisoned Chinese journalist 
Furious, the Chinese government is 
insisting that such prizes should not be 
allowed where it would “contravene the 
laws of the member state of which the 
nominee is a national." 

But for Federico Mayor, the director- 
general of the LIN Educational, Scientif- 
ic and Cultural Organization, the issue is 
an important matter of principle. He is 


Kim ’s Son Is Indicted 

Continued from Page 1 

Of those, 58 were arrested and 365 were 
being questioned. The others were re- 
leased. the police said Thursday. 

A militant student group that supports 
the Stalinist regime in the North handed 
over to the authorities four students it 
said witnessed the fatal beating of a man 
suspected of being a police informer, a 
police official said. 

Despite the turmoil, the indictment of 
Kim Hyun Chul still failed to address a 
key opposition claim, that S17 million 
the son kept in secret bank accounts was 
left over from his father's campaign five 
years ago. 

Shim Jae Ryun. the senior prosecutor, 
said investigators suspected that most of 
the money consisted of funds left over 
from a nationwide youth organization 
the president's son had run to help his 
father’s election. 

The opposition stepped up its demand 
that the president reveal the truth about 
his election funds. 

A spokesman for the National Con- 
gress for New Politics urged the pros- 
ecution to reveal the scale and source of 
Kim Young Sam's campaign fending. He 
reiterated the opposition's demand that 
Parliament investigate the election fend- 
ing and call the president to a hearing. 

The president's political difficulties 
began in January when Hanbo Steel In- 
dustry' Co., the nation's No. 2 steel- 
maker. collapsed after piling up $6 bil- 
lion in debt. 

On Monday. 1 1 people, including the 
owner of the steel firm, a former cabinet 
minister and other associates of the pres- 
ident, were sentenced For embezzling 
company fends or exchanging bribes for 
improper bank loans. Thursday, all but 
one appealed their sentences. 

The mayor of Pusan. South Korea's 
second largest city, and seven other 
politicians await trial on charges of rak- 
ing bribes from Hanbo. 

(AP. AFP Reiners) 

standing by the decision to award die 
prize to Gao Yu, a Chinese journalist 
who is serving a six-year sentence for 
what China says was the crime of re- 
vealing state secrets. 

Mr. Mayor has struggled for the past 
decade to rescue Unesco from the 
policies of his predecessor, Amadou- 
MahtarM’Bow, whose attempt to impose 
a "new world information order" gave 
the organization a reputation fra- cen- 
sorship that has been hard to shake off. 

Last month, Mr. Mayor went to Bil- 
bao. Spain, to present the World Press 
Freedom Prize at the congress of the 
International Federation of Journalists. 

In response, the Chinese government 
sent an unusually strong protest to Mr. 
Mayor last week, saying that giving the 
prize to Miss Gao “has grossly interfered 
in the internal affairs of China and hurt 
the feelings of the Chinese people." 

China says it will force the issue to a 
debate and vote at a meeting of Unesco’s 
governing Executive Board on Wed- 

China insists that it is in favor of press 
freedom. It said it supported the es- 
tablishment of the World Press Freedom 
Prize, which was set up in memory of the 
Colombian journalist Guillermo Cano 
Isaza, who was murdered by drag traf- 

But China’s delegate to Unesco. 
Zhang Chongli, said that Mr. Mayor had 
acted wrongly by awarding of the prize 
without approval from the Executive 
Board. Mr. Mayor had committed "a 
grave error, both politically and pro- 
ceduraliy." Mr. Zhang said. 

Mr. Zhang attacked Mr. Mayor for 
failure to pay "due regard to the di- 
versity of different social and cultural 
conditions of the world," a typical ar- 
gument used to justify the defense of 
"Asian values.” 

Mr. Zhang said Unesco was acting 
beyond its competence, "as if it were 
entitled to make judgment over issues 
which in some cases are highly political 
and sensitive and are entirely within the 
domestic jurisdictions of its member 

The Chinese government sent a blis- 
tering protest to the Unesco Secretariat, 
canceling a planned speech by its edu- 
cation minister at <he Executive Board 
meeting and breaking off a number of 
collaborative projects. 

Mr. Mayor replied that the Unesco 
Secretariat’ was impartial in the award- 
ing of the prize, which was decided by a 
panel of 15 independent journalists and 
editors headed by Claude Moisy. a 
former head of Agence Franee-Presse, 
and two members of the Cano Foun- 
dation in Colombia. 

Miss Gao remains in prison, serving a 
six -year sentence passed in 1993. Iron- 
ically. the charges against her are be- 
lieved to stem from articles about gov- 
ernment changes she wrote in the Hong 
Kong-based Mirror Monthly, a Chinese- 
language magazine that rakes a pro- 
Beijing stance. 

IRELAND: Spring May Be Kingmaker 

HtiArflkr -Wioiinl IW 

Prime Minister John Bruton campaigning on Thursday in a Dublin pub. 

Continued from Page 1 

Mr. Spring^ 46, is a tall, slender, soft- 
spoken former international rugby star 
and onetime Manh attan bartender. If he 
is part of another coalition, it would 
mean that he would, as deputy prime 
minister, be the country’s No. 2 official 
for the fourth time. 

He would have tittle prospect, be- 
cause his own party is too smaU, of ever 
becoming prime minister, a job even his 
political enemies acknowledge he could 
Handle well. 

Campaigning recently here in 
Moyvan, surrounded by green pastures 
and dairy farms, Mr. Spring moved 
quickly in a white dress shirt, sleeves 
still buttoned at the cuffs, in the midday 
sun, a tight breeze carrying tire scents of 
animal fertilizer and newly cut grass, 
some of it just mowed by Mr. Spring 
helping people with their, lawns. 

tii 1987, Mr. Spring, who has been in 
Parliament for 14 years, won a seat here 
in northern County Kerry by only four 
votes, as many voters felt he had been 
spending too much time in Dublin, Lon- 
don. Brussels and New York, where 22 
years ago he. was a bartender and met his 
wife, Kristi, an American. 

Mr. Spring matte brief leaflet-spread- 
ing visits in Moyvan to Brosan’s Bar, 
Stack’s Family Butcher, Molly’s Food 
Store and Betty O’Connor’s Food Store, 
where the proprietor said: "I’ve a big 
picture of his father, cut from a news- 
paper. folded away for 25 years. I will be 
voting for him.” 

Mr. Spring’s father, Dan, headed the 
Labour Party for decades. So far. Dick 
seemed to be the unanimous choice of 

GENERAL: Pentagon Draws a Line 9 in Its Pursuit of Sex Cases 

Continued from Page I 

qualify him from consideration. 

"I understand this puts me in a very 
difficult position, but that’s part of the 
job. This is a drawing of a line. This is a 
case where I think the rale of reason has 
to apply and that we must draw dis- 
tinctions where there are some human 
errors that occur, weigh them against 
individuals’ performance." 

The secretary said he had asked Gen- 
eral Ralston if he had had any other 
affairs while in the military, and die gen- ' in a statement that he had deriderf to 
eral assured Mr. Cohen that he had not. retire early after it had been disclosed 

ALGERIA: Turnout Is Put at Over 56% 

Mr. Cohen’s decision is likely to draw 
protests from critics who say he is failing 
to consistently apply the military's own 
rules against sexual misconduct. 

In a widely followed case that ended 
late last month, the air force gave a 
general discharge to First Lieuteoant 
Kelly Flinn, who had been scheduled to 
face court-martial on charges of adultery 
and disobeying orders. 

On Tuesday, the commanding general 
of the scandal -plagued Aberdeen Prov- 
ing Ground in Maryland acknowledged 

Continued from Page 1 

battle fatigues stationed at checkpoints 
throughout the city. Parking has been 
banned in central Algiers as protection 
against bombs that have killed more than 
20 people here over the last week 
The election followed a boisterous 
campaign in which rallies by opposition 
parties drew tens of thousands of par- 
ticipants. More titan 7,000 candidates 
from 39 parties are competing for the 380 
seats, but the two front-runners are 
thought to be the pro-government Na- 
tional Democratic Rally and the Islamist- 
oriented Movement for a Peaceful So- 
ciety. Several smaller parties have at- 

tracted wide support with calk far dia- 
logue with the Islamic Salvation Front. 

The prospect of a shift from one-party 
rale, however gradual, has stirred hopes 
among many Algerians that the election 
could prove to be a modest first step 
toward greater political openness in (heir 
country. Many also appeared to consider 
their participation in the election as a 
vote against extremist violence. 

"Let’s put it this way, this is a first 
step towards ending violence,” said a 
bearded man who gave his name only as 
Mohammed. "Obviously we’II have a 
Parliament with all political currents ex- 
pressed in it, and whether we like it or 
not. this Islamic current exists." 

HONG KONG: Territory’s Business Elite Urge Washington Policy Makers: Don ’t Rock the Economic Boat 

Continued from Page 1 

House or Congress will ultimately punish the 
Chinese if Hong Kong's autonomy and civil liber- 
ties are trampled. 

“My message is simple." Deputy Treasury Sec- 
retary Lawrence Summers said in Hong Kong re- 
cently. "There 
freedom and freedom 

"The free flow of information, the ability 
people to remain free, to enter into transactions, to 
speak out: these areal! the essential elements of free 
markets and a strong financial system." he said. 

To Americans doing business in Hong Kong. 
Mr. Summers is even more direct, cautiomn 
about the risks of becoming apologists for the 
Chinese or the new Beijing-appointed Hong Kong 

* * If the two systems are going to merge.’ ' he said, 
"it is in everyone's interest that China become more 
like Hong Kong than the other way around.” 

But it is far from clear that the message is 
winning converts in Hong Kong. And in Wash- 
ington. what was once a clear policy to treat Hong 
Kong as a completely autonomous entity, even 
afierBeijfag takes control . has been muddied by the 
debate about relations with China. 

In a nonbinding resolution passed overwhelm- "harm Hong Kong in the of helping it." 
ingly this spring. Congress threatened to put huge As a matter of both law and official policy, 
sanctions on Hong Kong exports if China were to Washington’s stance toward Hong Kon® after the 
crack down on civil rights. transition is to treat it as a separate entity from 

Phinu kuilrlinn An * - -« *L_ 

favored nation" trading status, an annual exercise 
that this year could turn into a tough fight. He linked 
the matter to China’s handling of the handover. 

Mr. Helms declared that it was foolish to treat 
Hong Kong as a separate entity if the Chinese will 
not, and argued that China has already reneged on 
promises to keep Hong Kong’s political 

Treasury Secretary Robert Rubin was expected 
to respond Thursday by telling American exec- 
utives who have pressed for permanent trade status 
for China that revoking the trade status would 


the World Trade Organization in Geneva, inferi- 
ating Chinese officials, who say it is an outrage that 
the territory belongs to the organization while 
China is in a tense negotiation to enter. None- 
theless, Hong Kong officials insist that they, not 
Beijing, will decide how to vote within the or- 

Politically, the Clinton administration's strategy 
before the transition is to repeat Mr. Summers’s 
argument that China cannot reap the financial ben- 
efits of a booming Hong Kong unless the city 

that be had had a “relationship with a 
civilian” while he was separated from 
his wife five years ago. 

Mr. Cohen and his aides tried to dis- 
tinguish the case of the army officer. 
Major General John Longbouser, from 
General Ralston's by noting that Gen- 
eral Longhouser had been involved with 
a woman who was an array civilian 

Mr. Cohen’s more immediate concern 
may be 4 rising panic within the mil- 
itary's senior ranks that the Pentagon’s 
effort to stamp out sexual misconduct 
was becoming a witchhunt On Tuesday, 
Mr. Cohen said, "There may come .a 
point at which this goes too far. " 

But it will just as surely bring ac- 
cusations that Mr. Cohen has muddied 
the already murky waters of military 
justice by establishing a double stan- 
dard, with one set of rules for the 
highest-ranking officers and another, far 
more puritanical set of rales for anyone 
below them in the chain of command. 

“I think Americans will find this per- 
plexing, that we’re willing to forgive 
people at the p inna cle of the pyramid 
while we’re not willing to forgive those 
lower down in the pyramid," said Eu- 
gene FideU, president of the National 
Institute of Military Justice. 

“These cases illustrate the slippery 
slope," he said. “The public's sense of 
justice is not satisfied when you see 
divergent outcomes from cases that in 
important respects seem to be similar.' * 

remains a place of open dissent and corruption-free 

"We are simply trying to make the point that if 

Within days, dial strategy was bitterly criticized VA 

by all sides in Hong Kon fc from pro-Beijing ex- doctrine of "one country. Sro systems.” S SouTfeJ °&S 

mmves to democracy advocates and Governor But carrying out that policy creates anomalies, independence movement fa Taiwan 

is no firewall between economic Chris Patten, who said it would "deprive Hong Hong Kong will continue to have a separate textile Western diplomat fa Hone Kone i LSI? 
;dom in its many other dimensions. Kong of its livelihood at the moment it most needs quota from China’s, even though Chinese man- “These are all subjects rtepnt „ 

>w of information, the ability of support." ufacturers have cheated on those quotas for years mosphere for investors ” P y aIteCt ® e **" 

Since then, congressional leaders have backed by placing Hong Kong labels fa Chinese-made So far there are reackne t* . 

away from that strategy. But Tuesday, Senator Jesse goods. _^o rax, mere are reasons to question whether the 

Helms, the North Carolina Republican who heads the The Commerce Department will continue to Kong, many of the Ho J lg 

Kong. Foreign Relations Committee, opened a new front: keep separate trade statistics for the territory, rather nlavers dismissed rW IJL ^ market 

Sthem He introduced a resolution to deny China “most than lut^Hong Kong's trade with HX 

c -- Hrag Kong wUicomtaw to have feow. v 0le «, Kes 

The vast lobbying campaign that the city’s rich 
and powerful have waged in Washington was 
prompted by the fear that Congress will feel com- 
pel* 1 to do something, egged on by prominent 
leaders of the Hong Kong opposition like Mr. Lee. 

You want to know what would be a good 
Apamao policy toward Hong Kong?’ ’ asked Ron- 
nie Chan, one of the most outspoken of the Amer- 
ican-educated members of the territory ’s elite lead- 
campaign. "This may sound 
simplistic, but try it Leave us alone " 

the people. Then, he arrived on fee door- 
step of Philip Kiley. First, Mr. Kiley >. 
asked him to help with funds for a work- 
shop for handicapped children. Mr. 
Spring took a paper from him and said he ' 
would look into it. But Mr. Kiley was not ■ 
finished. * Tell me ‘yes or no.’ just ‘yes * 
or no/ whether you are for a referendum ! 
on abortion," he said. 

The abortion issue has been inter-! 
jeered by the Pro-Life Campaign de- 
manding a third national referendum to! 
prohibit abortion, now legal in Ireland 
only where a pregnancy threatens a| 
woman's life, but still illegal fa cases of 
rape and incest 

“I abhor abortion, personally," Mr. 
Spring said. But he added that the issue 
should be handled by parliamentary le-! 
gislation, not by a referendum, because 1 
the two previous referendums left gaps! 
in die law, susceptible to Supreme Court 
interpretation, and a thud one was likely ; 
to do the same. Mr. Spring said not many 
people asked him about abortion, and 
this seemed confirmed as he walked, 

Cattle farmers are concerned about! 
the economic effect of “mad cow" dis- 
ease. Most people seem concerned about ; 
the economy, unemployment, particu- 
larly long-term unemployment. Of the; 
250.000 unemployed people in the court- ! 
try, about 130,000 have been out of work 
for more than a year, giving Ireland one 
of the highest rates in the European' 

Still, many people say that fa the 
matter of public spending, the govern- 
ment has been rather flaithiuil (fla-. 
HOO-la), the Gaelic word for gener- 


Rebels Won’t Quit 
In Sierra Leone 

FREETOWN, Sierra Leone — 
Siena Leone coup leaders told Ni- 
gerian negotiators Thursday that 
they refused to jeopardize die new 
alliance between the army and rebels 
by restoring the ousted civilian gov- 
ernment of Ahmad Tejan Kabbah. 

“We are not prepared to band 
over to former President Kabbah," 
said Brigadier Samuel Koromah, 
chief of Sierra Leone's military 
staff. “If President Kabbah takes 
over again, he will jeopardize the 
peace thai we have been able to 
achieve with the RUF rebels." 

Brigadier Koromah said he had 
been unable to reach any agreement 
with a delegation sent by the Ni- 
gerian military leader. General Sani 
Abac ha, which arrived Wednes- 
day. (Reuters) 

Top Legal Official 
Quits in Palestine 

GAZA — Khaled Qidra, 62, the 
attorney general of Palestine, 
resigned Thursday as the top legal 
official in Yasser Arafat’s govern- 
ment, citing health reasons. “I 
asked President Arafat to relieve 
me of ray duties because I am tired, 
and he accepted,’ * Mr. Qidra said. 

Mr. Qidra said his resignation 
was due to “health problems" and 
had “no connection whatsoever’’ 
‘ to controversy surrounding a series 
of recent murders of Arab real-es- 
tate dealers accused of selling land 
fa die West Rank and East Jeru- 
salem to Jews. (AFP) 

Brazilian Can Run 

BRASILIA — Brazil’s Senate 
has passed a constitutional amend- 
ment allowing elected officials to 
run for consecutive terms, opening 
the door for President Fernando 
Hennque Cardoso to seek re-elec- 
tion next year. (AP) 

Banzer Makes Deal 

LA PAZ — Hugo Banzer, 71, 
has assured himself of becoming 
Bolivia’s democratically elected 
president in August after signing a 
pact with two other parties. Mr. 
Banzer, of the Nationalist Demo- 
cratic Action Party, placed first in 
elections Sunday. (Reuters) 

kttfittlfruffl repairing arcs it. 

■:1\. _ - ’ 



fqr OPC uf the 

■H*** TtjKhni 
MfPiAfWl O&Cf 

,s . • . 
fv-r-v ,;; 
*W*J 1 


S • a*:;-. 

Ji, ; *.i. ' 1 

i a cur il uti f ' . *v ! 

I; Spring May He kill” mill; 



t MhkiU. 
.dtel nt% *L*r 
KanMAr.lf V 

flit* # t*m« 

i 1 ** 0 **: 
ertitwfca. «f**rr 

cfe bat *n 
i ilui^ uKtet 

tw fniia, 
■fcvMr 3priatf 
I ttwsi 


I vty ttttv tour 
rtr. hr (Me Eweitv 
ttDltMbft. Lud 

lattruhif^s h*i 

h VkMfeafr'^ Jkfr. 

Ua#y> m 

' rr 1 rVr* 'f ".r :*.. • 
{.* !■'_ 

■'■‘‘‘•'i' ■ ■' ••• • 

«.■»,;» . . r 


w.juW ‘ : 

llffli'.' .* ! . ; •• 
aS ; t v. .• 

TT.c • •: 

sror.if r • .. ■■ . 
jwfnr-.: j‘_- : .. 
Ltfliy : 

Sir fa-- :■•:-• . 

srilEC . . 

i1»W? • 

■: * - 
{writ ■•■ i -. 

im *v ".. . 

war. M •.■•• 


\sm *>-*■.?■ ■ 
V-\ a*w 

?»H v. 

m3 i w 4 bfi 

J.4 : 

1 k 

*. ns-v 

r. . . ; : 

v. S* tar iiwB 

wu • - ■ 


: Fase* 



. Kvhils Uon f fjuit 

kl*. 04ti$ -hr 

; in Surra Leone 

; t'- :• i- : • - *« 

0k»i Tx n>- 

... .... . 

* -A 

" 1 * 

»*- . r 

» iteuk 

. t . ... . . 

teu-fteM** ’ 

. ’ - - . 

tw : 

- » . - ’ . - ■ 

4L ‘i-te. f-VCTeSkV. • 

. «,•’ - • 

. . • 


* ikJto JfcrfdteMV 

; ' . 

-n;. j‘4! 

. -” 

( Jttehiv 

mutew fo r 1 ^B(r 

fri rn uvkre . r* ' 

'■? j s , 


Top Until i >il"' iul 
Ouih in Uh^’ 

FRIDAY, JUNE 6, 1997 

PAGE 13 

A New Egg 
On the Face IfiS&Sr 
Of Big Mac 

Burger-Sale Fiasco 
Mis Only a Symptom 

By Bamaby J. Feder 

Ww Port Times Service 

C hicago — There is no 
such t hing as a quiet, dig- 
nified stumble for America’s 
best-known corporate gi- 
ants. International Business Machines 
Coro, was pilloried as the computer 
market moved - beyond the main- 
frames that powered h to greatness. 
General Motors Corp. was humbled 
when the full-sized cars that made it 
the world’s largest auto company be- 
came also-rans in a sea of imports. 

These days, it is McDonald’ s Corp. 
that is being scrutinized as it loses 
ground to rivals whose products con- 
sumers prefer. The latest embarrass- 
ment; its retreat from a promotional 
campaign for 55-cent hamburgers that 
failed to lift sales. 

The setback is not expected to lead 
to any major reorganization at Mc- 
Donald’s, which by many measures is 
still enjoying a degree of success that 
other companies can only aspire to. 

Sales and earnings hit record levels 
again last year, as they have every 
year since die company was founded 
m 1955, and the McDonald’s brand 
passed Coca-Cola to become the most 
powerful in the world, according to 
Inter brand Group, a consulting firm 
with offices in New York and London. 
McDonald’s expects record sales 
again thift year. 

But those trends reflect develop- 
ments overseas, where McDonald' s is 
expanding rapidly. In ■ the United 
States, expansion is slowing. Sales at 
McDonald's stores in America that 
had been open for mare than a year 
sagged from the middle of 1995 until 
the end of last year, bounced up in the 
first four months of this year, then 
tumbled again last month. 

Investors and franchisees have be- 
come increasingly restive as die com- 
pany uncharacteristically lurched into 
and out of various product and mar- 
keting programs in a quest for a way to 
grpw more qnirkly without seriously 
harming profit. 

The increasing fear is that the com- 
pany may be facing a problem that 
marketing cannot overcome: that too 
many fast-food fans think its burgers 
just do not taste as good as the food 
sold by competitors, especially 
second-ranked Burger King and third- 
ranked Wendy’s. 

Internal McDonald's documents, 
research by rivals and independent sur- 
veys have all contributed to the per- 
ception that die burgers — from plain 
Quarter Pounders to the most elaborate 
Big Macs and Arch Deluxes — are not 
keeping up with the competition. 

How bad has it become? The wildly 
popular Happy Meals promotion in 
April, when McDonald's gave away 

Advice From the 

People in the restaurant 
business offer their ideas 
about what McDonald's 
needs to do to restore its 


Chief executive of 
Morton's and former 
executive at Wendy's . 
and Hardee's: 

Go back to talking 
about the quality of 
french fries and the 
hamburger. They 
should emphasize 
what they have. 


Owner of Tavern 
on the Green: 

All the food tastes* 
the same, ?■-«?- 
whether it's a 
Big Mac, a fish fillet or 
Chicken McNugget In 
making things like the 
milk shake lower in fat 
they lost some of the 


New York City restaurant consultant 
They are trying to do too many 
things. The point is the McDonald's 
hamburger. They have to go with 
their core product 

Beanie Babies dolls with children's 
burgers, was maned by reports dial 
customers in many areas were dumping 
the food and keeping the stuffed toy. 

During, die company’s' annual 
meeting at headquarters in Oak 
Brook, Illinois, last month. Randolph 
Morse, a shareholder from Texas, told 
directors and top executives, “My 
three sons now say they want to go 
anywhere but McDonald’s.’’ 


As far the food. Jack Greenberg, 
who took over domestic operations last 
autumn afier serving as chief financial 
officer, said Wednesday that McDon- 
ald's was working on improving the 
taste of its products but that problems 
behind the counter had bran over- 
blown by the media, competitors and a 
small number of angry franchisees. 

Analysts place some of die blame 
for the problems at McDonald’s on 
marketing blunders dating back sev- 
eral years, including a dispute with 
Walt Disney Co. that allowed Burger 
King, a unit of Grand Metropolitan 
PLC, to grab rights to promotions 
based on such film hits as “Lion 
King” and "Toy Story.” 

A 10-year alliance with Disney that 
started this year rectified that lapse, 
but some critics say the sheer size of 
McDonald's and its reliance on home- 

grown management have made it so 
unwieldy and insular rhat more mis- 
takes are likely. 

Meanwhile, the company's high 
profile has made its every attempt to get 
back on track a public event and each 
setback a widely reposted — and some- 
times exaggerated — humiliation. 

That was the case Tuesday when 
McDonald's conceded that a six-week- 
old discount program based on 55-cent 
burgers had confused consumers, cost 
franchisees money and done little to 
increase lunch and dinner traffic. 

“Generally, McDonald’s is very 
good at. making complicated things 
very simple,”: said Bob Hilarides, a 
partner at the Evanston, Illinois, office 
of Cannondale Associates, a sales and 
marketing consulting company. “This 
is one where they missed the mark and 
made a simple thing complicated.” 

But the greatest challenge for Mc- 
Donald's is in regaining customer fa- 
vor for its buigers’ taste. 

Flavor is a complicated, subjective 
matter that cannot be addressed as 
easily as, say, speed of service, so the 
company’s options are limited. 

“With really smart marketing,” 
said Jeffrey Omohundro of Wheat 
First Butcher Singer, "McDonald’s 
might be able to bold their own with 
the products they’ve got But in order 
to gain anything, they need new 

French Investors See Room for Hope 

Shares Rises 2.1% on Signs That Socialists Support the Euro 

CaefSn/ I k Ow Stiff Fnvi [hspjhln 

PARIS — French stocks surged 
Thursday amid optimism that the new 
Socialjst-led government was commit- 
ted to the single European currency. 

Prime Minister Lionel Jospin named 
pro-European officials as key ministers 
and relegated Communists to minor 
posts Wednesday, signaling his gov- 
ernment's plans to press ahead with the 
new currency, the euro. 

The composition of the cabinet re- 
lieved concerns that Paris might pursue 
costly polices to cut unemployment and 
bolster the economy. 

The benchmark CAC 40 Index rose 
55.48 points, or 2.1 percent, to 

“None of the left-wing dinosaurs are 
in the cabinet, which is very good news 
for the credibility of the government.” 
said Jacques- Antoine Bretteil, a fund 
manager with International Capital Ges- 
tion in Paris. “Investors feel this gov- 
ernment wants the euro and that it will 
happen.’ 1 

But analysts said the pew cabinet was 
unlikely to adhere rigidly to cutting the 
budget deficit for 1997 to 3 percent of 
gross domestic product, as required by 
die Maastricht treaty. 

“The talk of strict interpretation of 

the Maastricht treaty is a thing of the 
past," one Paris-based analyst said. 

The new government will face an 
early choice on economic policy after 
the announcement by the carmaking di- 
vision of PSA Peugeot Citroen S A that 
it planned to cur 2.8 16 jobs, or around 5 
percent of its work force. 

Industry analysts said the Socialists 
would probably accept some restruc- 
turing of France's fragmented and high- 
cost car industry but that they would still 
be likely to delay the process and add to 
the cost. 

Meanwhile, a leading Socialist called 
for shelving the privatization of France 
Telecom. The party secretary, Francois 
Hollande, said the national telecommu- 
nications company, designated for sale 
in a public offering by the previous 
government, should not jeopardize its 
mission as a public service. 

“It fulfills a public-service require- 
ment. and it also makes a profit.” he 
said on France Inter radio. 

Mr. Hollande did say France Tele- 
com would have to adapt to its com- 
petitive environment. “We are in a 
competitive world." he said. “We 
know that, and the company has to be 

The new government has not yet de- 

cided whether to proceed with the pri- 

But the Socialists campaigned on a 
theme that was generally hostile to aus- 
terity plans, and analysts said the new 
government’s key task would be to find 
the money to pay for its promises to cut 

There is little evidence that the French 
economy is rebounding, as gross do- 
mestic product grew- only 0.2 percent in 
the first quarter, the same rate as in the 
previous quarter, the national statistics 
institute Insee said Thursday. 

“The figures are not as good as we 
expected." said Emmanuel Ferry of 
Credit Commercial de France. “They 
confirm that the internal motor has not 

But some economists saw hope that 
the slowdown was ending. 

“While consumer spending was dis- 
appointing in the first quarter.** an ana- 
lyst ar ABN-AMRO Hoare Govett, 
Patrick Lebourdais. said. “April and 
May showed real improvement, and we 
expect the trend to be confirmed in com- 
ing months thanks to a weak automobile 
market, which continues to benefit re- 
tailers, and a probable rise in household 
spending power." (Bloomberg, AFP. 

Reuters, Market News) 

Italian Bank Unions Agree to Job Cuts 

by Our Suff Fmm Disjtain 

MILAN — Unions repre- 
senting Italy's 330,000 bank 
employees reached a prelim- 
inary agreement with em- 
ployers Thursday that would 
remove a job-for-life clause 
from workers’ contracts and 
allow banks to cut jobs. 

The accord is the latest ev- 
idence dial European unions 
are accepting cuts and 
changes in decades-old labor 
practices to cope with inter- 
national competition. The 
Germany chemical workers 
union I.G. Chemie reached an 
agreement Wednesday al- 
lowing employers in financial 
difficulty to cut pay. 

“This is an important test 
to try out a new way of deal- 
ing with redundancies,” 
Labor Minister Tiziano Treu 
said. “If it works well, it 
could be tried with other sec- 
tors as welL” 

Under the agreement, the 
two sides would create and 
finance a national fund to 
help laid-off workers obtain 
training and find new jobs. 
The two sides would also 
strive to bring total labor 
costs in die banking industry 
into line with those in other 
European markets by 200 1 . 

The accord could lead to as 
many as 30,000 job cuts in the 
coming years. Some banks 
are already planning large 
staff cuts, including Banca di 
Roma SpA, which has been 

hit by strikes in recent days 
because of its plan to shed 
4,260 jobs. 

Banks that make such cuts 
would have to contribute 
more to the “solidarity 
fund.” Making banks pay for 
cats would be a radical de- 
parture from current labor 
practice in which die govern- 
ment pays — as much as 80 
percent of laid-off workers' 
salaries for about two years. 

Banks and unions are con- 
tinuing to hammer out details 
of the accord. They have 60 
days to reach a final agree- 

“The agreement contains a 
timetable, and not just good 
intentions,” said Roberto 
Pinza, undersecretary at the 
Treasury Ministry. “It's im- 
portant to close the gap be- 
tween Italian labor costs and 
those of other European 

In its annual report, the 
Italian central bank said, 
“Italian banks are marked by 
the highest staff costs in re- 
lation to margins on ser- 
vices.” The report said that in 
1 993-95, that ratio was 42 per- 
cent in Italy, 38 percent in 
Germany. 37 percent in 
France and Spain, 35 percent 
in Britain and 27 percent in the 
United States. 

The central bank also has 

calculated dial Italian banks 
have some of the highest unit 
staff costs in Europe. It es- 
timated such costs at 111.4 
million lire ($65,600) in Italy 
in 1 995 , compared with 1 1 2.9 
million lire in France, 94.6 
million lire in Germany. 86.0 
million in Spain and 7 1.1 mil- 
lion in Britain. 

The Italian Banking Asso- 
ciation estimates that banks 
need to trim their labor force 
by 10 percent in the next few 
years to become more com- 
petitive and profitable. 

Under the current agree- 
ment between banks and un- 

ions. which expires this year, 
banks can fire only workers 
who steal or violate ethical 
rules, essentially giving bank 
employees a job for life. The 
contract also makes it difficult 
for banks to hire managers 
from outside the bank. 

“The new contract also 
does away with automatic 
promotions and wage in- 
creases,” Mr. Treu said. 

Neither Mr. Treu nor Mr. 
Pinza, the Treasury undersec- 
retary, would answer ques- 
tions about the number of 
staff cuts expected. 

(Bloomberg, AFP) 

On NYSE, ‘1%’ to Be $1.50 

The Associated Press 

NEW YORK — The New York Stock Exchange 
voted Thursday to begin quoting stock prices in decim- 
als instead of fractions, a move hailed by the U.S. 
Securities and Exchange Commission as a victory for 

The exchange said it planned to begin trading in 
decimals “as soon as theessential systems are in place in 
the securities industry." The Big Board previously 
opposed such a change as unnecessary. As an interim 
step, the exchange said it would begin quoting stocks 
this month in increments of sixteenths of a dollar instead 
of the current system of eighths. 

Arthur Levitt Jr., chairman of the commission, called 
the action ‘ ‘a bold and welcome step.' ' Other analysts said 
the move would save investors money on trading costs. 

Germany’s Internet Barriers Face a Court Test 

0* i 

**t» »i waiter- 



tf #1 

mi mm' 



^ •' F- _ 

ar»* ■■ 

tel 4 ■ •••■ 

eg Mr -v-jurr-. 

m * ■- 
stew* *• * 

By Edmund L. Andrews 

■Ne»- Tort Tones Service 

FRANKFURT— With her 
Mohawk haircut oral her act- 
ivism in die successor orga- 
nization to East Germany’s 
Communist Party, Angela 
Marquardi has never worried 
about provoking controversy. 

But on Friday, the uni- 
versity student will face a 
criminal charge in Berlin that 
she once probably assumed 
would never be brought again 
in Germany after the fall of 
the Berlin WalL The charge: 
maintaining an Internet 
“home page" that provided 
an electronic lmk to a leftist 

magawTYfli called Radikal. 

German authorities. 

alarmed by articles that 
offered tips on making bombs 
and derailing trains, say she 
violated government orders 
barring access to Radikal. 
Ms. Marquardt, 25, says, she 
did nothing wrong. 

Commercial on-line ser- 
vices and Internet access pro- 
viders here are up in arms 
about efforts by prosecutors 
and political leaders to govern 
the seemingly ungovernable 
reaches of cyberspace. Their 
efforts include blocking chil- 
dren's access to material that 
the state says glorifies vio- 
lence, promotes racial hatred 
or disrupts morals. 

Violent computer games 
such as Doom are punishable 
under the law, as are World 

Wide Web sites that offer Nazi 
swastikas and other celebra- 
tions of Hitler’s Third Reich. 

Last month, prosecutors in 
Munich indicted the head of 
CompuServe Inc.’s German 
subsidiary on charges of aid- 
ing in the distribution of por- 
nography and violent com- 
puter games. CompuServe 
had no hand in producing or 
promoting the material, but 
prosecutors charge thar Ger- 
man customers could use its 
computer network to -retrieve 
it from servers in the United 
States and elsewhere. 

Now, scores of other in- 
dustry executives are warning 
that a proposed German law 
could put mem in even greater 
legal danger and force them to 

move their operations to other 

“Would you take a job if 
you knew that tomorrow 
morning you might be arrested 
by the police?" asked Her- 
mann Neus, a lobbyist for In- 
ternational Business Ma- 
chines Corp. in Germany who 
is leading efforts by the Amer- 
ican Chamber of Commerce 
to modify the proposed law. 

“Industry has the liberty to 
move to Ireland, Denmark 
and Holland," Mr. Neus said 
“If Germans are not up to 
speed, it makes no difference 
to the customers." 

Legal specialists say the 
situation here is just the be- 
ginning of a broader 'show- 
down match between national 


Cross Rates 

June 5 Libfd-Ubor Rates 

June 5 

Brmili < 0,1 



iw n n ion mbs uwr — mss* l mo i mr wns tans* 

&xb are mb uns im- un — iub tm zu ns* 

lot van — uw unr vkb urn* ura lost ush uk- 

i ns uw — uw uminus uas aw uonuni 22a atm 

j wm nu> um sw tar sm uns mm uun-ntw — 

test ISMS UiJS sun BUI — DU 47ifl U7US UK It* 

Kwytaku — uas* ub sat ubub iwa *19 lies uses ism uur 
PUt •: uw mb uns — ur vm uas rm sm* ton uw* 

TUqw nidi IU fill n uv w w u — tte use 

Tnoti uw i» use am ub ■ uw #se* ura ur — «c* 

t** ]aqs usm inn <bm ub* dhs urn* — Uffl- uw oar 


1SW : uMUfliumro u uh «sn uentua i» mu 

Tanx*> aiua/JPM. ^ 

up harem poMt tc To burvK±aaa *Mb dm NXL not <t«M mAj atfmflrtfc 

Dafior P-Morfc 

1 -mooth 5Vi'SYi 3y»-3¥W 

*" l 

: ftmscr 


Iga pwtaiov • 

mm *■*•-*' ' •' I*-;’ 


Nwi'sw r 

Other Dollar Values 

Ml c n — q r nrs 
_ OHM . GfMftdrae. 2MK 

is*, mas . HMs-taw ituo 
' rone hiTurw am 
F«am taft. nptoli 3*3840 
3240 MS MOT 

*sn ■ W O W* 14DW 

g B W.m i * UOT KM tew DOM 

i Wh.jik mam rim- • zsun 

Mm pom 
Him knot 
POL pot 
Port. Mends 


I ted 












Stood, inaa 















SMB Frauds 

Franc Storting Franc Yon ECU 
SV 1 - 6 V 1 3Mi-3fti 4VM-4A 

3^nonfli SV»-5W* 3VW-391* 1U-1M S¥»- 415i 3ttt-3h 4M-4VW 

4-flmffli rait-S'w* 3»-3« m-m 3M-3U u-m an-a* 

1-yeor 6 Vk-4Vu 3M-3U IM-ltt AJ0-7H Sfe-SM Vk-Vu tVn-M 

Sonias: Reuters. Uavds SanJL 

Rotes appSaMe Jolraarbm* deposits of Si mXtati mlatmam Car equivalent). 

Key Money Rate! 
United SWot Oa» 


3 monte Trauary ba 

1 TiorTnwwoy ba 

2- yonrTioenfty DC 

3- jnarTtantaryaete 
7-wrt l i — finite 
lUteteTtei— nr note 
38-ywr Tronnry bond 
Marifl Lmdi 3Mar RA 

14299 immmym IlSIS 1M40 11412 

UK73 Stotetoc 14393 U3M 14287 

urn - 

M ianftfatertafc 
I ■■nUiteteiteiiit 
KHronrGoot bond 
Looted rate 
T owintH fcitert 
ttyur Bond 

























& at 











B«nk has* rate 









SNnoatti teteABBk 



4«Httl iphrtMak 















3-nmlti htterimk 

3 V* 

t MBtfk tetertmte 


loiter oat 



(M/nraiDOStKe Cncflf L}smmhA. 





zaridi HA. 



LwUon 34080 



tew Yurt 34360. 



and cbsfap prices Hew 


governments and the border- 
less Internet. 

“The Internet created a 
universal jurisdiction, so that 
once you are on the Internet 
you are subject to the laws of 
every country in the world” 
said Chris Kuner, an Amer- 
ican attorney in Frankfurt 
who closely follows German 
cyberspace issues. “The In- 
ternet gives rise to jurisdic- 
tional problems that never 
happened before." 

Interstate gambling, for ex- 
ample, is illegal in the United 
States but is accessible from 
"offshore" computers via 
the Internet Illegally copied 
computer software, protected 
by American copyrights, can 
be downloaded anywhere in 
the world from a Web site in 

German officials now are 
threatening to file charges 
against more than a dozen In- 
ternet access providers be- 
cause they failed to block ac- 
cess (0 a Dutch Internet site 
called “XS4ALL.”' The 
Dutch server carries home 
pages for abut 6,000 commer- 
cial customers. 

After officials in Bonn pres- 
sured Internet access providers 
to block out “XS4ALL” last 
rnenth, defenders of the rice 
simply copied die offending 
material onto more than 50 
“minor" locations. 

Germany’s biggest aca- 
demic Internet provider nn- 
a blockade for 10 days, 
gave up and declared a 
blockade impossible to en- 
force. German prosecutors 
have not yet responded to that, 
but they decided to proceed 
with their charges against Ms. 
MarquardL In the next few 
weeks, the government hopes 
to push through a law interned 
to make it more clear who is 
legally liable when forbidden 
material becomes available 
over the Internet. 


Hingis’ Choice 

Const*! lation 
OMEGA - Swiss made since 1848. 

Ofnvyz., flujy Jufitu. 



The sign of excellence 

PAGE 14 

30-Year T-Bond Yield 


» AJVV + s 130 

;r ' nn 

J F M A M J 

J F M A M J 

.WJ.” . ; .Neoto^b^ 

AMEX- ^ 

Toronto '.r. - tseimfex^? 

■: w *»Mti 

Sdo Paolo . . 8 qvespa, ,\ '": 
Mexico CSy BoCsa . 
Buenos jUcB3.fefetv^.-| ff. ' 

Santfe^o " r "~ .il?SAfe©»|a^ 



""- 'Yi«SW»-' tlOB&ji 

*nzzr " ; 4trrh 

■ r&£8 ms% 

'=■ -4M-I; 

Source: Bloomberg, Reuters 

Inicrrutk'iul HnLl TnhA; 

Very briefly: 

Dow Jones Plans to Offer Options 

• Fisher Scientific International Inc. said it had received an 
unsolicited takeover proposal from a Bass family-affiliated 
investment fund. The maker of scientific instruments and 
supplies didn't disclose terms of the offer. 

• Eldorado Gold Corp. said it had agreed to buy two gold 
mines and nine exploration properties in Ghana and South 
Africa from Gencor Ltd. for S 193.6 million. 

• Sara Lee Corp. said it had reached an agreement to merge 
its Aris Isotoner unit, which makes gloves and slippers, into a 
new joint venture with Totes Inc., the umbrellas and other rain 
gear maker. Terms were not disclosed. BU-mherg. afx 


Thursday’s 3:45 P.M. 

Tile top 300 mast active shores. 

The Associated Press. 

M* Lew UW Owe 

r> S', 
JHc juv* 

»>. • 

- n T 


14: 17H 

a- r. 

6U 4> 

5?. ft 

i: )Pw 

II I' ■ 
ll'» lift 

M-i Wl 

*»» V'w 

u II 
l*:. «>. 

f-« *ft 

H'.l l«ft 
1* > 14*1 
U I 17 + 




: . 

■ 74 

SI i 



8 . 


9- » 

V ’ 




*3 ft 
















4 ■ 





1 . 





IS i 












l/ ! l 





1 i 

1 I 



r ■ 


31 « 



1 * <1 



4 v 



4 . 


X a 









J' • 






P r 4 


— , 



I r l 



* , 


7? i 





It • 




ft . 








t ■ 


s . 
















U. U>» 

is • ir. 



Is Microsoft’s Modesty False 

Technology Stocks 
Lead Market Higher 

By Lawrence M. Fisher 

New York Times Service 

NEW YORK — At more than 
$120, are Microsoft's shares too 

Every quarter, in their posf- 
eamings conference call with ana- 
lysts, Mike Brown, Microsoft 
Corp. 's chief financial officer, and 
Greg Maffei, the treasurer, sing a 
medley of cautions: Growth will 
slow: the multiple is too high; 
comparisons will be tough. 

But almost nobody listens. Of 
24 analysts polled by First Call this 
quarter, only three rate Microsoft 
shares less than a bay. 

Last week. Bill Gates, Mi- 
crosoft's chairman and chief ex- 
ecutive, added his voice to the 
chorus. “We always say growth 
will slow/* he said in a speech in 
Silicon Valley. 

“Some of the analysts don’t be- 
lieve us," he continued, “but the 
day will come when we are right 
and they are wrong." 

, After those remarks, Microsoft 
shares hit a new high of 
S 129.0625, then dropped alter In- 
tel Coro., the leading maker of 
personal-computer chips, said that 
its second-quarter earnings would 
not meet estimates. 

Microsoft was quoted at 
$121.25 in late trading Thursday, 
up $2.0625. The price equals a 
remarkable 46 times 1 the com- 
pany's estimated earnings for its 
current year of $2.63 a share, giv- 
ing the company a market cap- 
italization of $144.9 billion. 

By comparison, Intel trades at 
about 17 times its estimated cur- 
rent-year earnings and has a market 
capitalization of$ 1 16.7 billion, and 
International Business Machines 
Corp. trades at 13.5 times earnings 
and is capitalized at $82.8 billion. 

Perhaps the main reason that Mi- 
crosoft shares remain so high is that 
every quarter, management's warn- 
ings notwithstanding, the company 
blows past analysts' estimates. 

In its second quarter, for ex- 

ample, which ended March 30, 
Microsoft 'surprised Wall Sffeet 
with an 80 percent rise in earnings 
and a 45 percent increase in rev- 
enue. Analysts had expected earn- 
ings of 64 cents a share: Microsoft 
posted 79 cents. _ 

“I know Greg Maffei and Gates 
hims elf think tile stock is over- 
priced, but what do they expect? 
asked Richard Sherlund, an ana- 
lyst with Goldman, Sachs & Co. 

“There's a reluctance to be too 
cute and get off die stock now and 
maybe not be able to get back on 
when the numbers come in above 
estimates again," he said. 

A perennial Microsoft bulk Mr. 
beriund retains a buy rating on 

the stock but says investors could 
be in for an uncomfortable period. 
Unless Microsoft ships Memphis 
— the code name for tne successor 
to its Windows 95 operating sys- 

tern — in time to help its profit in 
its next financial year, which he 

its next financial year, which hi 
said now appeared unlikely, earn 
ings growth may slow next year. 

Telecom Investment Goes Global 

NEW YORK (Bloomberg) — Dow Jones & Co. said 
investors soon would be able to trade options, futures con- 
tracts and a fund based on the most widely watched market 
gauge for U.S. stocks, the Dow Jones industrial average. 

Buying and selling the contracts will allow traders to 
speculate on the direction of the 30-stock Dow industrials and 
to protect the value of investments from market swings. 

Dow Jones said it had licensed the DJIA for trading with an 
exchange-based fund on the American Stock Exchange, for 
futures contract trading on the Chicago Board of Trade and for 
options trading on the Chicago Board Options Exchange. 

Separately, Cramer, BerkowitzA Co. has sold almost all of 
its l.I-miilion share stake in Dow Jones, Jeffrey Berkowitz 
said. The firm's James Cramer said shares of Dow Jones, 
which were trading at $4i late Thursday, up $1,375. would 
soon drop to $30. Fortune magazine reported. 

• Pharmacia & Upjohn Inc. said its Consumer Healthcare 
unit had acquired the brands Nasalcrom. PediaCare from the 
Johnson & Johnson unit McNeil Consumer Products, and the 
brand Micatin from Johnson & Johnson Consumer Products 
Inc. In return, Pharmacia & Upjohn is transferring its brand 
Motrin IB to McNeil and Mycitracin to Johnson & Johnson 
Consumer Products. 

The Associated Press 

WASHINGTON — U.S. tele- 
communications companies would 
be open to greater investment by 
foreigners under tentative action 
taken by federal regulators. 

The Federal Communications 
Commission took the first step late 
Wednesday to implement part of a 
historic telecommunications trade 
agreement that was reached by 68 
countries in February. 

The commission's plan, which 
could become final later this year, 
would remove a foreign-ownership 
restriction so that companies in 
countries that are pan of the World 
Trade Organization agreement 
could take an unlimited stake in U.S. 
telecommunications companies. 

The restriction generally limits 
foreign investors to owning no more 
than 25 percent of U.S. telecom- 
munications companies. 

Attorneys for the commission said 
the plan would no longer require 
investors in countries belonging to 
the World Trade Organization to 
meet a test of whether UjS. compa- 
nies would have similar opportuni- 
ties in the foreign carrier’s country. 

The accord offers huge opportu- 

nities for U.S. companies by dis- 
mantling barriers that ha ve kept them 
out of countries where phone service 
is run by state-held monopolies. 

OwflWM' Ota SufFrnm Dispatrhn 

NEW YORK — Stocks rose 
sharply Thursday as technology 
shares' surged and new signs 
emerged that the economic pace 
might be easing enough to avert an 
inflationary spurt. 

In late trading, the Dow Jones 
industrial average was up 6*~53 
points at 7,333.19. as advancing 
issues led dec liners by a 3-to-2 ratio 
on the New York Stock Exchange. 

Part of the Dow’s advance was 
attributable to Dow Jones & Co. s 
decision to eventually let investors 
buy and sell options and futures tied 
to the average, said Greg Nie, a 
stock market analyst ai Everen Se- 
curities Inc. 

The Standard & Poors 500- 
stock index gained 5.64 points, to 
845.75, while the technology- 
heavy Nasdaq composite index rose 

10.68 points, to 1,390.35. 

Microsoft, Intel and International 
Business Machines pared the ad- 
vance on renewed optimism that 
key companies in the computer in- 
dustry will report strong second- 
quarter profits. 

Gateway 2000 spurred the rally 
after its chief financial officer said 
the maker of personal computers 
would make no advance announce- 
ment about its earnings. Specula- 
tion Wednesday that it would join 
Intel and Seagate Technology Inc. 
in warning about weak profits had 
driven technology issues down. 

"There’s kind of a sigh of. re- 
lief," said Mace Blicksilver. head 
of U.S. equities trading at Credit 
Lyonnais Securities Inc. The Gate- 
way announcement "is helping the 
whole tech sector/’ 


Dollar Falls Against Yen on Japanese Rate Hint 

GvqM by Ow Fwb, Dupatrim 

NEW YORK — The dollar held 
steady against major European cur- 
rencies Thursday but fell against the 
yen as a top Japanese central banker 
hinted at an increase in interest 

Governor Yasuo Matsushita said 
the Bank of Japan could “preempt- 
ively act" to raise rates, depending 
on economic developments. 

“People in Japan sold dollars after 
those comments/’ Vincent Amaru, a 
trader at Citibank, said. "Some 
people are starting to think it's just a 
matter of time before they raise rates 
— in June, July or August" 

In late trading, the dollar fell to 

115.655 yen from 116.265 yen 

Japan’s central bank has left its 
discount rate at a record low of 0.5 
percent since September 1995 to try 
to pull the economy but of a five- 
year slowdown. 

“The potential is there for a move 
down to the low .113 area over the 
next couple of days/’ said Randolph 

taxes and an emergency spending 
package would be taken to bolster 
the economy. 

"Obviously, there is concern in 
the market that the Japanese econ- 
omy will accelerate and interest rates 


Donney, director, of capital markets 
research at Pegasus Econometric 

research at Pegasus Econometric 

The yen also was lifted by com- 
ments from a Finance Ministry of- 
ficial and a key member of the ruling 
Liberal Democratic Party suggest- 
ing that steps such as lower land 

will be moving up," said Richard 
Gilhooly. global market strategist at 
Paribas Capital Markets. 

The dollar rose to 1.7292 
Deutsche marks from 1 .7288 DM as 
traders awaited employment data 
from Germany and the United States 
on Friday. But traders said the focus 
was on the increased likelihood of a 

weakening of the fiscal criteria for 
European monetary union. 

‘ ‘The market is focusing on EMU 
going ahead with broader .partic- 
ipation and a weaker euro," said 
Marc Chandler, a trader at Deutsche 
Morgan Grenfell. “June will likely 
be characterized by a devaluation” 
in the foreign-exchange market of 
the currencies that participate in the 
euro, he said. 

Against other currencies, the dol- 
lar was at 1.4461 Swiss francs, up 
from 1.4450 francs, and at 5.8320 
French francs, up from 5.8306 

francs. The pound rose to $1.6335 MW 

from $ 1 . 6332 . 

• (AFP, Bloomberg, Reuters) 




Dow Jones 

ow his* w cm. 

IlMVS 7S1.SS 73S1AS m 7.94 73IM5 +4679 
Tram 2MU5 Wl.« 345748 3MJ.12 ,24.10 
Uli 221.05 221.77 2205* 221JM -M5 

Om 22 ji*t imn nt&ss 22790 s +101 

Most Actives 

Junes, 1997 

High Low Latest Clwe OpM 

High Law Urivst Cng* Qpfttf 

High Low Latest Cbge OpM 

HI 01 Low Latest Chg* OpUit 

Standard & Poors 

te uton* Today 

M* law ana 1 PM. 
Industrials 99531 *8665 V8643 996.98 

Tramp. 617.79 612J4 612.72 617.4! 

UIIIHics 1*252 19106 191.78 192.14 

Finance 95A7 94.86 95J6 9655 

SPSOQ 042.07 83682 840.11 84745 

SPI00 826.88 81692 82037 827.14 

v* n» 

7145* 37H 
42750 22*i 
57987 3SW 
+6158 31 
41345 479 
35704 13ft 
35494 4I« 
351711 3TO 
34597 22* 
34539 48*1 
31711 14ft 
31450 Jfty 
33225 «9te 
32260 2IS. 
31804 20* 

CORN (C80T) 

5000 bu fltotonum- coos Mi MM 
Jut 97 275 2 m, 274V. ,3 116712 

Sep 97 2ffl 255* 259 y, ,3 33.708 

Dec 97 250 252 2578k +3 109.675 

Ma-TB 26416 H0h 244 ,] 13427 

MavW 240 244V, 240 +2*5 1,474 

JUI9B 272 2659; 272 +3 6410 

Sep 98 09*5 239 259*5 +2(5 1 

E«.sates NA- Wed’s. ides fiMM 
wws open tot 27W4S off 830 

i SAW Bml- cant* per to. 

Jut 97 5625 7695 7945 +62B 15511 

Sep 97 B30O 01.40 0165 *630 6340 

NW97 5650 0400 0405 .60S 3.710 

Jen* 8730 0655 0655 .60S 1075 

Est.sates NA Wed’s, sales 1.955 
wars open tot n,uz off 39 


HIM Um 3PM cm 

443.99 M61I 44146 ,1M 

5*251 557.53 541.85 +452 

404J7 40675 41054 *230 

27154 27248 772.94 . 0 13 

40477 40621 40434 *4.12 


HWl IM 1PM cm 
139173 1384 JO 1 391-50 *1103 
114044 113441 1139.13 . 727 

1496.52 148610 149SJ5 .400 

1541.70 1533 25 1539.48 * 3.79 

019.85 IB 10.39 111 LB *JJ2 
94687 935 J I 945. D *944 

VaL Him 
174433 l45->» 
91788 16>* 
8272* 4941 
74754 65'* 
71919 191* 
67487 110 
53755 451, 
513*8 48*1 
44851 34H 
<7386 65*| 
40702 171*- 
40014 17 » 
34575 1W* 
33042 341, 
29990 IM 

lm Mt 
140 143*9 
14*« 169* 
45*9 4ft* 
6414 6494 
14*9 15*9 
10519 100*9 
44*9 4413 
47 479* 
33*9 33*9 


100 (on*, donor. Of. Ion 

Jut 97 277 JO 271.00 77&J0 +110 41J13 

Aw 97 75620 25100 256811 +L5D 16006 

Sep 97 lOM 23699 241 JO +110 11 JM 

Oct 97 229 JW 21600 22700 *620 11089 

Dec 97 322J0 219.50 22640 +680 21042 

Jan 98 21950 21700 217JD -0JB 2,585 

Ed. sates NA Wed's, sale* 44,920 
WnTsapenta! -109020 off 3897 

iao mn> oz.- doll 
Jur 97 34300 
Jut 97 

Aup97 J45J0 
Od 97 34610 
Dec 97 35600 
Fab 98 33.M1 
Apr 98 3S5JO 
AW 98 

Est sates HA. 
wed's open tot 

msa 343.00 +118 

J14J0 -2.10 
341 JO 34500 +200 
36150 34610 +110 
34630 35640 +210 
3n0O 353 ID +210 
35150 35150 +210 
35610 +210 
3(690 +220 
Wwfs- sates 21256 
1(1.981 up 11189 

DM256000- pte of 100 pd 
Jm 97 101.4/ 101.35 10102 — Ol 07 
Sop 97 10008 10628 10051 +007206025 
Dec 97 9902 9902 9901 +017 0 


Est sates 205.935 . Ptev. sates 341724 
Prev. open Mj 232029 off 37,234 

Jun97 129S4 12906^12926 + 0121 56259 
Sep 97 12706 12704 12700 + 0.10 71.993 
Dec 97 96.92 96.92 9702 + 010 0 

Est. sMes 220466 . Open tot: 2302S2 op 

ITL200 mlfian- ptsatlOOpd 
Jen 30371 

Sep 97 imss 13028 13052 +0.04 80035 
Dec 97 NT. H.T. 10307 +049111056 
EsLsdes; 51,716. Piw.sdes 74066 
POT.apeaK: 111056 up 4087 

Si miSon-anaf lODuci. 


50000 K». - oonK par ll 
JUI97 7140 7305 7110 -OB 

OdW 7115 7 AM 7408 *616 

Dec 77 75.90 7SJ7 7502 -003 

Mar 98 76.95 7670 7675 -405 

Marfa 7705 7707 7707 * 003 

Ed. sates NLA. Wed's, sates 6648 
Wed’s wen ini 72030 off 507 . 


42000 ace. ewes eer pal 









Aim 97 








Sen 97 

n .95 









DSC 97 




Jan 98 





E9. rates NA 

W«Ti sates 


wad’s won in 

101 54* 

off <77 

Him Lm, 1PM a*. 
*11 J2 40702 41110 -JJ7 

Dow Jones Bond 

20 Bands 
TO Ufiilies 

102.18 I02J4 

99.16 99 J5 

105.19 10504 

L*H 3s4S 
7*4 Be 
12 12'Vk 
4*1 4*1 
71*4 24’/* 


2*1 2*- 
IQ+* I0ft> 
3B 3d 
42+1 43 


5000 bu nUntoMn- cents per budiei 
Jut 77 842 821 836 +6 

Aug 97 77U5 776 770 +4 

Sep 97 721W 711 717*4 +5 

Now 97 <88Vi 480 683H +1V4 

JB19I 690ft 684 684 

Ed. Ides na weirs, sates 115081 
wed's wen ire 177092 off 7434 

2&aao im- centi per b. 

Jun77 11450 11500 11675 +1.15 

JU97 11700 11550 11700 +105 

Aim 97 1U0B 11150 11400 + 0.95 

Sea 77 11308 11200 11300 +1.15 

Otf 97 11100 +1.15 

Nov 97 11DJ0 +105 

Dec 77 10900 107.90 10900 +10S 

Jen 98 107 JO +100 

F«t)9fl 10605 +1.15 

Est. sides IJ6A. wed’s, sales 10011 
Wetfsopenwt 56752 off 798 


















-401 274947 














91 J9 

( 1 JS 1 




JK97 5405 5300 5300 -076 

Aug 9/ 5678 5300 5350 -402 

Sep 77 5505 5400 5480 -472 

0097 5605 '5500 5465 -077 

Now 97 5700 5650 5665 -052 

Dec 97 57.73 3700 5700 -OS2 

Jon 98 5809 3705 57.90 -042 

Feb 90 5800 5705 !U0 -402 

Met 98 5700 5675 5695 -007 

Est. sates N. A. Wad’s, sates 38414 
wed's men ini 122,727 up 1245 

Est. sates na Wed's, sales 279,717 
Wtof* open ini 2035479 off 11262 

Trading Activity 







I4E 1178 Aawnont 

8 AI 13*4 Dcainod 

890 BIS unchanged 

31W Total wues 

13* 173 NenHKtoS 

NM Laws 

Market Sales 

Non Pww. 

1909 3W9 

1347 ran 

2195 I TOD 

5440 5731 

104 |*« 

43 59 


MHO Bu mWmum- certs per BashtB 
JUl 97 358 351 354 + 2U 

Sen 97 345ft 359 36314 +1M 

Q« 97 377 3311 37M +Ift 

Mar 98 379 374 m* +314 

Est. solas NA Wed's, sales 19005 
Wcifsooentot 81 JOS up 220 


6000 iravnA- cents nar troy ox. 

Jun97 47SJ0 47X89 475J0 *700 2 

JUl 97 48208 46650 477%) +700 54013 

Sep 97 485-00 473J10 481 JO +7.10 9047 

Dec 97 491J» 48000 4S7JO +700 7,989 

Junta 40900 + 700 17 

Morffl 49400 487 JM 496<>1 +7.SB 6542 

MoyfO 49800 46150 49800 +800 2043 

0698 . „ 38130 +800 2.506 

Ea.sdes NA Wed's sites 15052 
weirs open tot Ota* off 2246 

Tuna luuos 
new lows 

J2 183 Ames 

Tado» pm. 

2M com. 

35258 577.77 

1756 27.71 

40607 59402 


Company Per Amt 


Asia Tigers Fd _ .01 

iobtne RoyaUv Tr _ .1241 

WK0 Bm*- cam oar w. 

Am 97 *L2S 005 007 -005 16003 

Aug 97 *400 4300 6306 -007 46904 

Clef 97 6702 £7.10 <7.12 —042 21J01 

DOC 97 m.17 4008 4905 —8.77 10013 

R*W 71 JB 7002 7D05 -a® 5,725 

A»9H 72.75 72-60 J7M —0.10 2JW 

Br. sates I2JB4 Wed's, rales U.195 
Wlwriopenlnt 10101! off 280 


SI tn* m- tenors per bay on. 

0497 43*08 41 (UM 43*00 +25JB 13.70 

OCt 97 41040 372J10 41000 +14.00 4,947 

Jon 98 4M40 39000 404J0 +I4J» 10*4 

EsLsoles NA Wad's. sales 2,571 
wed's open Ini 19,985 up 59 


*2000 iXMitfc. Spar pound 
Jim 97 10340 1.4284 10332 
Sep 97 10308 10250 10790 
Dec 77 10252 

Ed. rates NA Wed's rates 7083 
Wed’s epentoi 41.778 off 47 

1 au»0 del tors, l per cun. * 

Jim 97 0280 0348 0270 

S« 77 0324 0315 .7315 

Dec 97 .7359 0354 0358 

Est soles NA wed's, sites 9.743 
Wed's open Irt 49030 off 457 


1 000 buc- dnBcrs per hty. 

Jul 97 2000 1905 1901 -001 

Aug 97 2004 1907 1709 -AJB 

Sec 77 2035 1908 1908 -034 

Oct 77 2024 3D 03 TOO* -0J9 

No* 97 2007 2009 20.17 -614 

□ec'97 2003 20.10 2618 -614 

Jan 98 7020 30.10 2115 -614 

Feb 98 2005 3615 2617 -613 

Mar 98 2008 

Apr 98 2005 

Est.saes NA Wed's. sides 90045 389,593 off 7H2 

Dpttors per metric ten 
Atenrimm (HM Grade! 

Spat 1576ft 1577Vj 1569 JO 157600 

Faiward 1S99JM 7600.00 1593J70 1573ft 

Capper CaflwdM (Mtoi Grade) 

Spat 2533 JM 2536.00 2533ft 2536ft 

Fofwatri 2475 JM 2476JM 2475ft 247600 


UUMm crtJ . Iivmiit 

Jan 97 JB02 J7B2 J786 75048 

Sen 97 JM 5818 5824 73.179 

Dec 97 JB58 459 

Est sites NA WWs.sales 24J1S 
Wed's open inf 98088 up 4864 


lUmOfcmvnn. spar ido ynn 

Am 97 0674 0405 0*6? 73,146' 

Sep97 0790 JOB 0775 9J99 

Dec 97 0090 JM 0MO 04 

Est. solas NA Weds. u*k nun 
WWfs open tot 83038 off 471 

10000 mm bfu'i. 
Jul 97 2.170 

AW 97 2.110 
Sep 97 2.165 

00 97 2.185 
Nov 97 2010 
Dec 97 2045 
Jem 98 2090 
Feb 98 2395 
MorfO vm 
Aor98 2130 
Est. sates NA 
wed's open tot 


1 1 per mm Mu 
2105 2160 

2125 2170 

2130 2160 

2140 2173 

2080 1518 

2005 2085 

2050 2090 

2370 2395 

2245 2070 

2170 2138 

Wars. sates .27045 
193.993 Off 8 


42.000 per gw 
AS 97 4005 59 JS 5908 -002 4109 

Aw 97 5901 5800 5895 -6» M0O 

Sep 97 5000 5800 5830 -662 jUM 

Od 97 5705 900 905 -69 309 

Nov 97 5407 <09 

Doc 97 5630 56JM 5600 -642 4.141 

Est. sates NA Weifs. sates 24J03 
Wed's open tot 7308* off 27BB 

6-35 7-2 

6-16 630 

Blyth Induet 3 for? split. 

□nan Copilot 2 far 1 spfil. 


BHA Holdings _ IPs, 

CA Short . 6°l> 

6- 16 6-27 

7- 16 8-1 


Butl 8i Boar liS Du 0 .19 
Nabtsco Holding Q .175 

6-16 6-30 
6-16 7-i 

- 30 


_ .16 


Bus Bear 
General Chem 
HancocKJ Inv 
Knnra Realty 
Mid-ocean LM 
Midland Co 

Oppetih • . 

PanomerfaBI Bcv 
Pep Bars 
Pilgrim A 
Pf loco Dp port 
Pilgrim Am Prime 
Price,Royre T. 
Salomon Inc 

S portod t Corp 


W sin Gas 
Zum Indint 


Allegheny Power Q -43 6-16 a-30 

Amerada Hess 
Bancroft Cv 

Bloc* Drug A 
Breed Teen 

-IS 6-16 6-30 
■25 6-16 6-30 
Jl 6-16 7-1 

.07 6-16 7-15 

I R « Pay 
6-16 630 
6-18 7-3 

6-20 7-0 

6-20 6 30 
6-13 6-30 
6-13 6-19 
*-£ 7-23 
6-20 7-10 
6-M 7-8 

6-30 7-B 

6-13 627 
6-13 6-27 

6 - 16 630 

7- 14 7-28 

6-9 6-19 
6-23 6-30 
6-73 6J0 
6-23 6-30 

6-9 6-19 
6-23 7-7 

6-16 M 
6-23 7-7 

6-16 6-27 
6-19 7-3 

6-30 8-14 
6-20 7-15 


SUM bs - cants par te. 

Aw 97 7702 7670 7605 -4L5S 10094 

SwW £35 7675 7677 -0J2 2.196 

0097 77J6 7405 7705 -US 1529 

Nov 97 7800 7805 7637 -0.47 1,951 

Jan 98 77 JO —000 *07 

Mo-98 7905 7800 7180 -020 107 

Est. sates 1077 Wed's, softs 1283 
wetTscpeninr 1B.7N off IN 

Spat 621ft 622ft 612JM 61100 

Forward 63500 636.00 62600 627.00 

Spat 711000 711500 7040 00 704500 
Forward 722000 722500 713000 714000 

Spat 560500 561500 555500 556500 
565000 561000 562000 

Spot 1346.(9) 134700 131900 1320.00 

Forward 1369ft 137000 134400 134500 

i g.OM trance, t per Wan e 
Jun 77 0M9 0910 MW 

SwW JW 0984 MK 

Dac97 JVH JQ72 HOI 
ES.ates NA Wed's. rates ZL032 
wed’s open tot 44.953 off 929 


4O0DO bs.-amra pgr lb. 

AT 77 8100 80.77 81 JD -020 7,923 

J||I97 82.70 B105 8100 -057 10733 

AW 97 81.15 78.95 79.40 -IJ2 0593 

22.2. Sf! ns -w 6.1W 

40 ->-® 
&7.wtes 11.928 Wed’S. MBS 0*74 
Wetfiawntor 39.90 up 70 

Hlffh Low Ctose Chge Dpint 


Ad 97 8US D2 87J5 -300 54M 
Aw97 WJO 869 8*00 —300 1,919 
F*98J9J0 76IJ 7615 -300 441 

Blades 1,745 wttfs. sates 2039 
Wed's open tot 70D off il 

tt maten- pts of loo pa. 

Am 97 68.94 M.9J 9693 -401 4.12J 

Sap 97 9407 9105 MAS tS 

DSC 97 0449 + 801 B47 

Est.sates NA Wed's. sates 788 
Wed's open Inr 1004 off 9TW3 


5OO0H nem. s per neu 
JwW .125® IM7D .12*70 15J1I 

Sep97 .12855 .1I9W .11990 12J18 

Dec 97 .11820 .11550 .[1550 7J73 

Est. series MA wed’s, rales T.ia* 
Wtwfswenirn 30185 off 189 



Jun98 mm *nn <r> jo m— 1 stS i 


UJ. datton per metric ton ■ tote of 100 tow 
-J iraW 16900 165 JO 16BJ5 —100 16M 
Jul 97 170 JS 16705 I67J5 -Z75 14023 
Aug 97 17200 16925 172J0 -2JS W" 
$yv77 174J5 17125 171.75 —300 SJB 
Ocf 97 17525 1 73.75 1 74.00 —225 
Nt»97 176JJQ 17525 ITS. 75 -Z50 i3C 
Doc 97 178.06 176 JO 17700 —2-50 R338 
Est.sates 17+431 . Open Inlj 64051 off 347 

Stock Indexes 



Am 97 85120 841.00 teUd +650 IStbM 
SfOW 89700 851 JO -857,80 + 705 «U33 
Dec 97 84800 B65J0 948.00 +61S 3JM 
Erijiriw NA Wed's, rates 770M 
Wed's open irit 202,101 up 283* 

o-enmmti tM^pnahnste omeuat par 
slmra/ADR: g-pofuMe In Canodw funds; 
OT-rnenttriy: q-goarteifn s-seml-aanwd 


410O4M Prt»-Pts4 *4on or loo no 
00197 185-50 HB-4J 105-50 17711 

Sap-n 105-35 105-26 105-3) -01 MOMS 

D*C 97 105-1* IE 

Est.sates NA Wfetfs-sdes 55 . 7 x 2 
Wed's open kit 219055 off 443 



W nwtnc rant- s P*r Mn 

Stock Tables Explained 

Gales figures, are urarifkidL Yearty Wgla and torn reflect It* pmrious 52 weeis plus Bw currant 
H^brinotttKUesttnxOngday.WtieteDS|iBors!Ddcdirtdendaniwitfngta25pcnxnt{]rinoie . 
has been paU Oft years high-tow range and cMdend «e shown far fie new Gods anty. Unless 
otherwise noted, rotes d dhridends are annual dtstMinwnants based on the torast deda ration, 
a - dividend also extra (st. b - annual rate ot dividend plus slocK dividend, c • liquidating 
dividend, cc- PE exceeds 99-dd - called, d- new yearty tew. dd- loss in the lost 12 months, 
e - c9 vi dead dec la rod or paid in preceding 12 months I - annual rate. Increased an last 
aectaraiion. g - dividend in Canadian funds subff<cTtB 1 5% non-residence fax. I - dMdond 
docW rod otter split-up nr stack dividend, j -dividend paid this yecr. omitted, deferred, or no 
aann token at tatesl dividend meeting, k - mvidena doctored or paid this year, an 
aetirmukrtive issue with aMdends in arrears, n -annual rate, rcducad an last dudaiaffun- 
n - now issue in the past 53 weeks. The hiqh-tow range begins witt the start of trading, 
nd - next day delivery p - Initial atvidend annual rata unknown. P/E - prica-carnings ratio, 
q - dosed-ena mutual fund, r - dMdend declared or paid in preceding 12 months, plus stock 
dividend. * . stock split. Dividend begins with date of split, sb - sales, f - dividend paid In 
stock in preceding 12 months estimated cash value on ejt-dhridflid or ax -distribution data, 
u - new yearty high, v- tradtog halted, vl - In bankruptcy orrecefWHshlp or being reorganized 
urtdertno Bankruptcy Ad. or securtllesassumadby such companies, wd- when distributed 
wi - when issued/ VfW - with warrants, k - ex-tSvidend or ex-rights, nils - ex -dbtrl button. 
«w - without warrants, y- ex-drridend and soles m folk >W-vichL 1 -sales In ML 























Wad's, rates 



A497 25200 22608 23CLSC -2105 
Soa 97 B4J0 20675 20900 -UM 
DJKW 1»RI 11100 181 00 —9.90 
MorTl 1T1S0 14700 147 JO -610 
MOV98 1*550 16700 14200 —900 
Btsates NA Weds. cotes UTS 
Wed's awn tot 27252 off 285 


s MM artri- era A 3 mos ai ioo pet 

Am97 U7-2B 187-22 W-28 + 02 irmg 

58097 10-11 HP-04 107.10 

Dec 97 H6-3D 104-30 106-30 - 02 109 a 

EsL rates NA Vfttfs series 106307 

Wed'S open W 348097 off 4790 


(8 M-alQfLflBD-iHsA Xrwjaot ioo pet] 

Jun97 110-15 110-05 110-13 _01 ITtJSn 

Sep 97 110-43 H77-24 109.31 _qj 125? 
DM97 109-20 109-14 

Mar 98 >99-10 TnS 

Est sates NA Wed's, rates HI0S4 

Wed's own Int 510,791 off [9871 


S3 flriAwv- pftaf lOOnd. 

JUB97 963) «629 9630 ic l3 . 

JUl 97 9tlS 9404 9625 +001 12 j2 

Aug W. Hit 94.18 9410 l Jgg 

H gpgHiaS 

Pot. open irfu 54X539 up IAN 

i 8SW. 

BE $2 um um 

Been KM 9664 9665 UndL2«M 
M»« 90J5 «J3 WJ3 -QmmPJ, 
JWI9B 9608 MJ4 96J6 UndL^ S 

WO? S 'Pi 

95.91 _>S0p 9539 Unch. B5J96 

CAC40 (MAT1F) 

junw p 5wS*^a0 26840 +700 sag*. 

Juiw 27060 262&J® 2iB20 +70.0 ,44* 
Sep 97 27150 26370 26970 +700 1 & 1 M 

soles 36576 Open tofj 6 B 283 off 


^Jt^ 458Zjf«O0 65760 +240 66® 
Sp97 461 1 S 45700 4*07J +23J IMS 
D0C97 46560 46560 46570 +2« 773 

^ suing IM43. Pot. safes: SM93 

Prav.openirt: 80629 op WTO - 

Ptw-aoeniffU W91.984 wGlSt 


FFS miOon - ate of 100 pet 

Jun97 9657 9*51 9654 +0.03 S9SO) 

S«p?7 96fl 9645 9647 + 002 61112 

Sep 97 9649 9645 9647 + 002 61112 
Dae 97 9647 9644 9645+001 T 7 -T 6 
Mar 98 9601 9638 9639 + a 01 M 0 B 7 
Jun» 9629 9626 9628 +a 01 21855 
Sep 98 9613 9610 9612 + 0.01 Rm 
EAsalec 66711 . Open lut.- 276088 up 

Commodity Indexes 

nw PiraW 1 

Moody's NLA. I'fll'S 

Retrlm 2,00000 

DJ- Futures 15807 

CRB 24667 wSS 

,Somas: Mam Assedatea Press WO" 
W7 Financial Futures EichBiga W 1 

Exdtange. — 

11100010+- cents otr il 

-MW 110* 110] iijfl «4ig 

g 097 1 JS JUS 11 Z 1 -411 

!J-“ 1108 ll.M -411 

f'S*. 1106 TUB -410 

na wetfs.«i« jm** 
wed’saaenmt up *37* 

AW 97 Hit 94.18 9419 'JS 

Est. soles NA WeOiiates 7.297 
Wtfimld 34.M7 up 277 
LONG GILT n ■*■*» 

£50000 -pis 

Jun 97 1T2L13 112-30 liaSO, +-0-Ai ouu, 

11*« "Jff? Ii|w ttm its 

S sate*: f sIba3^pOT!2S/ MMn 
Pot. wen bt 20JW - off 

—12—407 84087 
-—— — 93J3 — 003 37 


_ Business 

Appears every Jfednrt<4r 
in The Intennafket- 
To advertise contact 
Kimberly GnenaiKf'Bdnuitoiflt 
Tel; + 33(0) 141 43W W 
Fax: + 33 ( 0)1 41 43 93 70 
Or your nearest HTT offiM 
or representative- 

L..IU1 V- I 

Some analysis said^oefc^ par- 
ticularly comptner-ntiared issues, 
faced a bumpy ride as profits came 

“The question is: Are w? seeing 
the tip of the ioebesg qtf stoSS 
growth for these companies or 
not?” said Robert Djdwy, a stock 
market analyst at Dam Boswonh. 

Rising interest rates also a 
problem for the market, he sakf, al- 
though there had beealittie evidence 
yea of The effect. 

As traders awaited unemploy- 
ment data for May. dse (Kit Friday, 
they were encouraged by a report 

fl Currency 1*1 

rj.-toWgfey-i*.- ■ 

v ■-■w ' 

HSpc—ciT -- 

t.-' — ij-'. -C -S-Z.~ " .4gl 

L' *>- ' f ' i: ' & 

■: -• w t: 

- - - - 

showing that the number of Amer- 
ican workers filing first-thne claims 
for jobless benefits unexpectedly 
shot up by 19,000 last week. 

Such an increase in joblessness 
would indicate a slowing economy, 
removing inflationary pressure and 
diminishing the likelihood the Fed- 
eral Reserve Board will raise interest 
rates when it next meets in July. 

In an indication that strong con- 
sumer confidence had not translated 
into an inflationary singe in retail 
demand, several of the biggest U.S. 
retailers reported lower-thim-expec- 
ted sales for May. 

Bonds held steady, with the 
benchmark 30-year Treasury bowl 
unchanged at 96 25/32, leaving its 
yield at 6.88 percent 

Tobacco stocks rose on news that 
critics of the industry were near a 
compromise on the issae of shield- 
ing tobacco companies from pu- 
nitive damages in lawsuits. The in- 
dustry and its opponents are 
negotiating to resolve lawsuits over 
smoking-related illness. 

C/Net rose sharply as Intel said it 
would raise its stake in the provider 
of television programming and In- 
ternet material to 6 percent from 4 J 
percent by purchasing 201/253 
shares for $5-3 million, or $26.24 
each, given regulatory approval. 

Integral Systems gainkl after the 
computer software and hardware 
company said it would split its stock 
3-for-l by July 1. 

U.S. Office Products rose after 
the office-products supplier said 
profit from operations in its fourth 
quarter exceeded analysts' fore- 

Factory Card Outlet plunged after 
the greeting card and party-supply 
retailer said that because of Iower- 
than -expected sales, its foortb- 
quarter earnings would be sharply 
lower than forecast. 

(AP, Bloomberg) 

.riti;//*"' 11 ’ 

bvi: > 

Sr 1 - V;/ ' 

•" -Ik- ' 

■ ^ i « »« !\ M XltkkT* 

”*35C!a). wunr !i 

ifiology Stocks 



RAGE 15 



gFm&f rr 

Mtr: ***** — 

.v» ' • , 

toijffe *Lutf .-i-.a f -s \ ? 

£i-rf i. -■ •*» 

r>W »« -T -- ‘ 

-TAtVph S'. '**• * *<V. 

* V«fc$**k* r-VIU-.yi- 
jfe> pom'- x^«i:5r-* *.. 
fw : 6#* fc***-- A i •'• 

*' •^ j, - r ■'• 

mjjfc ^s' 
lwi««fc«t «* ?•*»■* s ' 

AiftMF : A' iV-v i 1 - > 
« jatjftf*'; *«.■ 

•Wtr.ifcr . ■*■■■. 

m .ITW*: *" 

At. Inl^tfiiii !£i£i ■ t: 
MkiMH r 4 - ■"* '-- «*- : 

H’JM <*» ■:«•<':■''! :hs. 

:.?- rrfKKt ^ 

• f a ' ;• . 

v ■ ••■; 

ivf.; toMMk'jai 
' ■:■ »••-. 

y: ■"•.*• «**:•■ V i--' •■■ - •• • 

h > &H * 

S.- . r.iitr TeLbtvjli.-v . ?• : 

.* jrv'auvctsiJl m y* . J ~-* 
kft» ■ ,W %' *is< » - 

i *.;%•.* m|-*. vs* -' : • 
|AI_~ ft tick ir. -:. .-■■•• 

jyj. . , -i .Tjcfeiii jl fJ: - .'.::! 

Eru-i:<» Jto.' Tin: V' . 

mt k • '• ' ~\t>: *V •!■-•'•- ' ’ 

ate Hint 

ii9 dbr '..' ^ r '>.•■■•- 

.****— * r 

4J|fI » : .-C *•!■ 

V • nfe . <*>jdrr - . ; * 
j j W*L- r » ' ‘ .-■ • 
•-Sjk'.'. * *:•* T:'.-..: -. : 

ef'Jsrf.S ‘ ’ ? I:;-. *+ :'■ 

!*._ . '■ :■ 

U“- •• •- 

i j;;h J.-ii-.: .-. 

■ft) ■' 

.v.hrv c;.rv- - !■■••-• •• 

.* i-4 £ S'f: . w-7u _ 

fc' *>l j’ '• ■■ ' “• 

M» • *r n-^- - ' - - ^ 

r 'V'V- /-■•«■» «•■ V” ■’ ■ *■ 

T>? • 

tk'h.s**? i'.-'i .-. 


*«» k-ifn: 

mV • ■ « f .« — • •» •■ 

* *JP meat .-*:: - “<• 

* - -- 

H«Mi •* ■••«•* -»M»- <’ 

« U- iJ* 'S ■'.’■•» 

■->. C-. * .-• -. 

-* .. -fv u ■?■'■* ft r. - - ■• - ■ 

••jfs ■ ■ : ■ u. 1 ■ ' > 

•lia •■’ ^ *’: • _■'■ 

: j Vt ■< > ■•"•.' 

:■ ■» nlw< 

.—1 »v •• 

^ > ' . »- * * : - 
•• "•"<• L -y» ,i >p» *»*«. 

-a » * 

-a :* 

4 •- ; :■ , 

-••r*' •- i;--- 

■w- - *! ■•<•■*■ t “ • •:-* 

*.i* # '. S' ••' • 

jr 5 *' ■■' ■' 

ji " 1 - * -• • ; * 

.rail . ■*» • l.s 

*7.^ • i 

* ••■■j* j*' 

-■».«* • »'■ 
I7«' Mr* Wi. Mt' -J«- 
rU. a l ■ -• ■* - 

..— ** *:■— - » i- * — 

e f 


tjMrfrdNM^ - 

S' - 

&F W ** J “” 

S C 


ia -M «*-V* ■.*■ - 1 

l-US ■ ■ 

-r^s* ■ fit *• 

h uk.4k . , ■ 

German Growth Slows, 
Raising New Doubts 
On EU Currency Plan 

Railtrack Has Profitable Start 

But U.K. Regulator Calls for More Transport Investment 

; gp . 

P : oc" 


[V- : i 

CmqOHtln OvSufffiromDispiacbn 

BONN — Economic growth 
slowed moderately in the first 
quarter, the Federal Statistics Office 
said Thursday, raising fresh ques- 
tions as to wheTher Germany will be 
able to meet the fiscal criteria for 
European monetary union. 

Gross domestic product grew 1.4 
percent from the like quarter of 1 996, 
slowed from a 1.9 percent increase 
shown three months earlier. 

Noting that there were three few- 
er workdays in the first quarter this 
year, economists said the slowing of 
growth appeared worse than it was. 
But they said Germany faced an 
uphill fight to reach the govern- 

Lufthansa AG 
Gains as It Talks 

Ci wfwlrd bv Uxr S»0 Fiwj Dqprtrta 

FRANKFURT — Shares of 
Lufthansa AG rose Thursday 
after the airline said it was con- 
sidering selling its 18 percent 
stake in Hapag-Lloyd AG. a 
shipping and travel company. 

•Preussag AG. a steelmaker, 
said it was holding talks with 
the airline to buy the stake in 
Hapag-Lloyd but declined to 
comment on how the talks were 

Preussag and Lufthansa have 
been hying to become more 
competitive by concentrating on 
their more profitable businesses. 
Analysts said a sale would make 
sense for Lufthansa but ques- 
tioned why Preussag would buy 
into Germany's shipping in- 
dustry, which is suffering from 
overcapacity and falling prices. 

Lufthansa shares rose 1.30 
Deutsche marks (76 cents! to 
close at 30.80. Traders said they 
hoped the sale of its stake would 
mean a one-time gain of as much . 
as 540 million DM. Hapag- 
Lloyd shares were fixed at 995. 
and Preussag closed at 475. up 
9 JO. lAFX, Bloomberg) 

ment's 2.5 percent growth forecast 
for the whole year. 

“I think the full-year 1997 
growth will be slightly less than the 
government's growth forecast of 2 J 
percent, and that could add to the 
government’s budget problems.” 
Lothar Hessler of Trinkaus & 
Burkhardt said. 

Finance Minister Theo Waigel 
has repeatedly said Germany will be 
able to cut its budget deficit to below 
3 percent of GDP, as the Maastricht 
treaty requires for countries joining 
the single currency at its scheduled 
launching in January 1999. But he 
has based that forecast on economic 
growth of 2.5 percent. 

“The data could be positive for 
the deficit,' ’ Mr. Waigel said of the 
first-quarter growth. “The latest in- 
dicators are more positive, but un- 
fortunately they are not yet impact- 
ing the labor market.” 

In Western Germany, the econ- 
omy grew 1 .2 percent from the first 
quarter of 1996, while in Eastern 
Germany it grew 2.8 percent 

The economy remains sluggish 
largely because consumers, un- 
nerved by record high unemploy- 
ment levels, are reluctant to spend, 
analysts said. 

A separate report on factory or- 
ders showed demand for German 
goods increasing at home and 
abroad. Orders to the manufacturing, 
industry rose 3.3 percent in April 
from March and were 6.4 percent 
higher than in April 1996. 

Foreign orders for capital goods 
rose 5 percent, while similar orders 
for consumer goods increased 7 per- 
cent Domestic orders of consumer 
goods grew 6.2 percent after a i.l 
percent decline in March. 

“Exports and equipment invest- 
ment are the two legs the economy is 
standing on,” said Ralf Kugelstadt 
an economist ar Union Bank of 
Switzerland Ltd. 

"It will take a long tune before 
we see an improvement in private 

"The competitiveness of the Ger- 
man economy on international mar- 
kets has clearly improved again, ' ’ 
Economics Minister Guenter 
Rexrodt said, pointing to lower 
wage costs and a decline in the value 
of the Deutsche mark. 

(Rearers ; Bloomberg) 


LONDON — The owner of the 
British railway system. Railtrack 
PLC, reported a 27 percent rise in 
pretax profit Thursday for its first 
year after privatization, leading the 
industry regulator to order a review 
of its investment in the system. 

Railtrack said pretax profit for 
the year that ended in March was 
£346 million (S583 million), 
which it compared with a pro- 
forma figure for the previous year. 
Revenue rose 6 percent, to £2.44 
billion, with the bulk of it coming 
from track-access fees paid by 
government- subsidized pas sen - 
ger-train companies. 

But Deputy Prime Minister John 
Prescott, who is also minister for 
transport said the rail regulator 
Opraf was "not convinced” that 
Railtrack was meeting its targets. 

"I’m not sure we are getting the 
investment we need” from privat- 
ized public-transport companies in 
general, he told the BBC. 

"There is still a very long way 

for Railtrack to deliver on its in- 
vestment obligations and thus se- 
cure the longer-term health of the 
network," the head of Opraf, John 
Swift, said. "There remains a sub- 
stantial backlog of expenditure on 
network assets, stations and depots 
which Railtrack must eradicate as 

The new Labour government 
has promised to tighten regulation 
of Railtrack and of the private rail 
operators that have been awarded 
franchises to run the 25 rail lines in 
Britain if they fail to provide ad- 
equate services. 

In February, Railtrack promised 
to spend £15.9 billion over the next 
10 years on upgrading track, sig- 
naling and stations. 

"The idea that we're underin- 
vesting is totally wrong,” Chief 
Executive John Edmonds said. 
"We are getting on with our job 
and delivering our promises — 
300 stations will be refurbished by 
the end of this year, and new track 
and signaling schemes are coming 

on stream all over the country.” 

Mr. Edmonds also said 
Railtrack should not be required to 
pay a tax on "excessive'' profits 
that the new government has pro- 
posed for it and other utilities 
privatized by the former Conser- 
vative government. 

Even if Railtrack is not included 
in a windfall tax. analysts said, the 
government could affect its future 
profit by limiting its gains from 
property sales. 

"It's pleasing at the operating 
level.” Marshall Whiting of SGST 
Securities said of the earnings re- 
port. "but I'm not convinced 
they're going to escape a windfall 
tax. We're a bit concerned.” 

Railtrack shares rose 14 pence 
to 659 in London trading. 

"The shares are very cheaply 
priced at the moment in the mar- 
ket.” said Richard Hannah, an 
analyst with UBS Ltd. "But 
there's nervousness because of 
what the government could do." 

( Reiners , Bloomberg. AFP I 

Daimler Profit Talk Brings Inquiry 

Conqigrtfhy Om Stuff From DUpuHbrs 

STUTTGART — Prosecutors 
said Thursday they were investi- 
gating a senior Daimler-Benz AG 
executive for allegedly violating 
rules on the disclosure of earnings. 

The investigation centers on re- 
marks that a management board 
member. Eckard Cordes, made to 
reporters March 2 at the Geneva auto 
show. He said then that the com- 
pany's group 1996 net profit would 

exceed 2 billion Deutsche marks 
(SI. 16 billion) and that its sales 
would total about 107 billion DM. 

Daimler’s shares rose 4 percent 
the following day, though the com- 
pany did not issue its earn ings report 
until later in the month. Its profit 
turned out to be 2.8 billion DM. 

"TTie investigation refers to the 
alleged passing on of insider know- 
ledge,” a spokesman for the pros- 
ecutors' office said. "A figure was 

cited in Geneva which had potential 
impact on the share price." Insider 
trading in Germany can be punished 
by a fine, which varies with the profit 
made from the trade, or a prison 
sentence of as much as five years. 

Separately, more than 30,000 
Daimler-Benz employees stopped 
work to demonstrate for a greater 
share of the company's profit. Most 
of the protests lasted an hour, unions 
said. (Reuters. Bloomberg. AFP J 

OECD Fears Farm Subsidies Will Grow 


PARIS — Rich countries saved 
billions of dollars in subsidies to 
fanners last year, but the OECD said 
Thursday the savings were excep- 
tional and that the cost of farm aid 
could climb again. 

A boom in grain prices was one of 
the main reasons for the drop in the 
basic cost of supporting agriculture. 

which fell to SI 66 billion last year, 
according to data on 24 of the 29 
members of the Organization for 
Economic Cooperation and Devel- 
opment, from $180 billion in 1995. 

But grain prices have fallen 
steeply since hitting records in mid- 
1996. and the OECD fears that the 
savings recorded last year will make 
governments complacent about 

streamlining agriculture. 

Switzerland remains proportion- 
ally the most generous OECD coun- 
try to its farmers, with aid account- 
ing for four-fifths of the value of all 
crops produced. Japan is not far be- 
hind. and the European Union is 
above the OECD's average,0 with 
subsidies amounting to 43 percent 
of the value of its crops. 


Thursday, June 5 

Prices in local currencies. 


High Law Close Pnw. 

Amsterdam abcmbc^j 

Previses: 817.13 




Bom Co. 

Bols Wesson 





Fate Amev 





ING Group 










ft c tec o 




Rural CXtfdi 



taim KJch 



Bangkok 8k F 




Sens Can BkF 




van 3030 
14130 14120 
14130 147 JO 

252.10 258 
118-20 119 JO 
34.20 37 JO 

97.10 98.90 

384.60 387 

lBfUO 191 JO 
32.70 32.90 
00J0 BO JO 
65.40 44 

600 M.8B 

93 9190 

330.10 33130 

103.10 103J0 
144 14640 

86J0 88 

55.10 55 JO 

40 40 4140 
743) 75 

46J0 47 

XI 303J0 
25440 25650 
1173) 1193) 
93 95 

20020 20020 
17SJ0 17540 
60.80 61 
181 111 
niio nuo 

374 37640 
37150 37440 
111 113.10 

SET Mec 548JJ5 
Previous: 5 528 7 

144 147 149 

210 210 208 

27 JD 28 2a2S 

318 320 318 

478 490 490 

114 117 123 

27.25 27 JO M 

38.50 38.75 3850 

117 «S 128 

110 113 111 


Deutsche Bank 9945 

DeutTetetom 3945 

DmliMf Bank 4225 

Fresenhn 345 

FnuflhisMMt 143 

Fried. Kivpp 348 

Getie 125 

He&fifcgZmt 149 

Henke) pM 94.90 

HEW 483 

Hochtief 75 

Haechst 69.90 

Knrstadt 62650 

Lrinsyer 75 

Unde 1255 

Lufthansa 3190 

MAN 51540 

MameniHin 736 

Metre 19540 

Munch Run* R 4625 

Preussag 479 

RWE 7485 

SAPptf 3153) 

Schertng 181 JO 

SGL Carton 261 

Siemens 9893 

Springer tAaQ 1510 

Suedzurtw 940 

Thyisen 412 

Veto 98.95 

VEW 535 

Vtog 784J0 

vofcwgen 1198 

993) 9935 
39 39.15 

62.10 42.10 

340 364 

1SB.90 142 

339 348 

123.90 12430 
167 167 

96.10 9&90 

483 483 

7450- 7450 
69.15 6935 
623 62530 
73.90 74J0 
1242 1255 
30.7B XJO 
51430 - 515 
73130 7323) 
373) 3740 
193 194 

4545 4625 
46730 475 

744J) 7AJSS 
310.70 31280 
17? 18040 
260 26&20 
97.95 98J7 
1510 1510 
935 938 

-W-ffl 411 
98 9BJ0 
530 535 

777 778 

1186 1193 

High Low Close Pnw. 

SA Breweries 13125 129.75 131 IX 

Saoancor 49.75 4930 4930 4925 

Sosa 5675 56 5630 56J0 

SBC 21330 21275 21330 21150 

Tiger Oats 7775 7675 7675 7675 

Kuala Lumpur ewgsiteiiBiuM 

r Previous: 111921 

AMMBHdgs 17.10 1640 17 1630 

Gnflng 1110 1270 12J0 13.10 

MdBunMng 2775 2630 27 2775 

MdtfaUISNpF 5.95 535 5.90 5.95 

PctronosGos 940 975 970 940 

Proton 13 1240 1160 1290 

Public Bk m 398 4J2 4 

Rtranfl 148 330 334 348 

Resorts World 830 875 870 845 

Rothmans PM 2675 25 26 2675 

Sima Dtsfay 875 615 8.15 8.15 

TekkomMal 12J0 1270 1240 1240 

Tonga 12 lliiS 11.90 11.90 

Uld Btgkieen 2870 1970 19.90 2070 

Va 9.15 9 9X15 970 

High Law dose Pnw. 

Helsinki hex gvmioi wtcc 3*5744 

Previous: 3877.18 





Merita A 


Metsn-Seria B 




Outokumpu A 



Hong Kong 


Hindus! PeKm 
ted Dev Bk 


a buSa 

Tata Eng Loco 

SnsMXIndW: 387115 
PrenOK: 386143 

89575 BBS 895 88830 
12491217 25 1 2381239 J5 

432 426 43030 42775 

93 9075 91.75 9275 
48730 47975 485.75 _480 
284 780 28175 28175 

31430 305 311 304 

32330 31650 31975 32130 
1830 IB »8 1875 
413 XI 25 404 XI 

□ritay PncVtc 12J5 
Cheung Kona X 
CKtafnitnjct 24® 
CUna Light ‘ ~ 

asBSc 8 


HKCNnaGX 1475 
& - 

Hyson Dev 2570 
JehnnaEIHdg 22® 





Mu* Urn 







BEL-2* Brine 228347 
P re vi e w 888440 

15850 15975 15975 
63X 4Tto 6340 
9550 9550 97® 
3260 3305 3290 

14375 14450 14425 
1815 1620 18M 

7560 m) ' 77 9 0 
3550 35® 2S8t5 



S*i China Petf 
Sarin PacA 


3135 31® 

5780 5720 

14X0 14150 
14925 14750 
12400 12250 
4995 4975 
10125 10050 
3355 3300 
21800 >1675 
15575 15X0 
97000 96300 

3135 3115 

5753 5800 
14275 MIX 
148® 14925 
12375 12300 

10075 row 

33X 3305 
21800 21700 
15525 15525 
98550 96450 





47 4630 
23030 227 

5170 50J® 
79 77® 
17® 1740 
14630 147 

39 XJO 

137 138 

339 34430 
210 214 

103 103 

119.90 11850 
90.10 9040 

Heeg Seng: 1479532 
Pmtoos: 1483138 

830 835 8® 

2730 28J5 27.95 
11J5 12 11® 

7830 79 79 JO 

S43B 'MSS 24® 
42® 4470 X 
4&30 48.58 
41® 41® 41® 
mio 1078 10® 
1475 14® 1430 
91-75 91 J5 9275 
835 9 9 

7X75 74 7675 

3180 14 13.95 

WM 28.60 29® 
1665 17.15 17JS 
615 473 6® 

215 227 229 

6175 6125 6475 
26® 26® 25.30 
22® 22JD 22.7® 
19® 19® 19® 
X® 49.70 49JS 
2® 7.73 Z75 

243 243 2® 

95JS 97 mS5 
£15 5.15 STS 

895 9® 9.10 

7® 7® 7JS 
AS® 71 6975 

as® 35® 

19.15 19® 19® 

OngosHe tatfn <91® 
Previous: «334 

6H0 030 6£& 49K 
1975 1900 i® 1925 
1675 1600 1650 1625 

10X0 10125 HITS 10475 
30® 2975 30® 2975 

5475 5450 5450 SSJB 

' 7500 7300 7425 73W 
1D4Z5 9975 HS2S 9975 
562$ SS25 5525 5500 
3975 3925 3950 4000 


Abbey NaH 832 

Ailed Domecq 631 

Angflon Wtder 672 

Araos 615 

Amt Grew 174 

AssocBrftods 577 

BAA 538 

Bredovs 11® 

Boss 7.76 

BATInd £42 

Bank Scotireid 3J2 

Blue Clicle sM 

BOC Group 1079 

Boots 734 

BPB Ind 332 

BrftAemsp 12J3 

Bra Always 731 

BG 271 

BritLand 5® 

BrttPaftn 737 





WPP Group 
















. 2 J2 












2 A 




High Low Close Prev. 

Previous; 263S37 

Brit Steel 131 

BritTetom 656 

BTR 1.99 

BurroohCaJtnd 1IUS 

BuflonGp 131 

Cable Wlrelen 5 

CodhurySchw 572 

CartmCam 5 35 

Comrel Union 475 

CorapassGp 6B6 

Coimmrids 149 

Dixons 695 

Eledrocffliflianenis 602 
EIW Group 11® 

Energy Group 5® 

Hnteipffoeol 7J2 

Run Cotanid 1® 

Geril Acddent - 896 

G6C 635 

GKN 1029 

GfenoWfeBcone 1231, 

Granada Gp 875 

Gitild Met 570 

GRE 2.78 

GnseiialsGp 666 

Guinness 575 

GUS 640 

Haw 543 

HSBC Htdgs 1816 

Id’ 835 

Imp! Tobacco 475 

Market Closed 

The Copenhagen stock 
market was closed Thursday 

Johannesburg »***%£ 



M WSHB 3M1 ® 

vet n® ms 

N7 192 198 

16® 365 366 

tS w t« i 
S3 S3 o »® ” 

Bkl 2850 
Coal SS 

SoAlW 48S 

ss&r s 


28® 2805 
295 291® 
27075 269® 
300 300 

in m 
ISIS 15® 
47.95 48® 
'25® .2535 
162 161® 


_.. 2030 

112® 113 

567S 5675 
3075 3035 
3.13 113 
S7.S 5735 
349® 349.75 
127 12625 
17 Y7® 
m® ias® 

17® 18M 

U — 

a an 

7575 78 

Land See 890 

LdtBO 9<CI 

LsgtdGsrfGtp 432 

Lloyds TSBGfl 5.90 

LucraVority 1.85 

Maria Spencer £11 

fUlSPC 530 

Mereay Asset 13X 

NafloreriGiU 121 

MHPOW £04 

NalWest 742 

Netd 7.10 

Oronge 2.13 

P&O 641 

Peatsan 7.12 

Ptfdngtan 177 

Pmrerikn 658 

Premier Fontel 667 

Rrudnfal 630 

RfllbiickGp 670 

Rank Group 475 

RectttCesu 887 

Mtand 327 

Reed HI 199 

Kodaks UM 229 

RrwtmHdgs 678 

Rami £76 

RMC Group 9.25 

RoOsSoror 145 

ted B* Sari &M 

KTZrrs 1833 

RwalCSwAI 665 

■Sari Power 

C *f n >li ^ > 




St au ecc u di 
stand Ororier 

Thames Wnter 
31 Group 
Ti Group 

FT-SE 100:457610 
Previous: 4557.10 

810 813 B40 

625 626 632 
645 649 664 

607 61® 611 

170 174 170 

£20 577 577 

575 5® 570 

1143 11® U.7B 
743 770 749 

533 539 540 

343 345 172 

602 4J7 4.07 

IBJ3 1079 1818 
6® 690 

378 331 

1745 1277 1234 
696 7.17 696 

£16 116 119 

5J6 S.5H £91 

775 734 733 

£72 £86 576 

149 1® 1® 

645 654 666 

1® 1.94 1® 

1037 1038 1042 
1® 131 1® 

686 698 693 

£13 £19 577 

570 £23 £18 

649 671 662 

668 £84 667 

335 3J5 337 

690 4® AS® 

198 4 338 

1175 IT® 1142 
536 535 542 

693 699 689 

1® 1® 1® 

8*7 896 893 

377 332 332 

1070 1072 1078 
1136 11.97 11.99 
£55 £71 £60 

541 £64 541 

270 273 174 

658 440 641 

£67 £69 £73 

679 639 6J3 

£57 £63 5® 

1734 18.13 1£D1 
873 £32 £2-1 

3® 335 378 

7.13 776 739 

145 245 248 

£63 £72 8® 

145 2® 241 

438 648 439 

£77 £89 5J9 

177 1® 177 

535 UK 5J9 

£14 578 £11 

13JJ3 13jffl 1333 
118 270 272 

5 £01 £05 

7.10 7® 776 

701 7J2 7.13 

107 112 110 

633 638 642 

704 7.10 7.13 

1.16 1.17 175 

642 635 6® 

660 665 443 

604 479 607 

638 639 645 

620 624 477 

£33 £X £37 

171 124 339 

■ £90 £94 5.97 

235 125 128 

671 675 681 

164 166 2® 

p 9® 906 

136 144 139 

£90 6 5® 

W.17 1023 1036 
457 664 443 

331 143 144 

349 3® 333 

1675 1680 1682 
663 666 673 

161 335 165 

2J4 286 183 

735 737 777 

1128 11® 

9® 9® ?J7 

172 172 175 

1032 1049 10® 

m 772 737 

610 4,18 , J 

683 689 681 

972 9® »® 

651 653 448 

3® 3® 2® 

6® 686 677 

699 5 U5 

£46 £48 £51 

3® 237 231 

1£W 1609 1609 

661 644 4® 

77 6 7® 7.80 

668 676 685 

Ben Centro Hop 
Bco Santander 


C oro Ma pfre 
Gas Mztunri 

Union Fenosa 
VUenc Cement 


Bk Ptm I si 
C&P Hones 
Metro BanK ■ 
PCi Bank 
Plti Lang DU 
5an Miguel B 
5M Prime Hdg 


Cemex CPO 




a Fbt Inbursa 


Bca Comm Ittri 


Bead Romo 







I Ml 











S Potto Tortso 



IB. 70 tax 1133 18® 

Bobo tadroc 54441 
PmfaHs: 55747 

25700 27490 26280 
1770 1800 1780 
5770 5810 5810 
74® 7770 7540 
10560 Itmoo 106X 
1495 1S20 1510 

24300 25050 24390 
4755 4800 4745 
31170 31800 31200 
127® 12960 12BX 
51® 5200 5260 
2745 2800 2770 
7400 7410 7450 

11210 11310 11260 
12® 1315 1295 

287® 29300 28900 
1735 1775 17® 
2605 2745 26X 
61® 6290 6200 
1385 1410 1395 
7148 7420 7100 

4205 4315 4215 
1275 1 310 1 285 

X15 2070 2070 

PSE hdau I77£44 
Previous: 279611 


























Bn MX Com 
CrinTbe A 
Gt-Wsst Ufeoa 
I ntnttfl 
Natl Bk CUt 
Power Coro 
Raaen Cwnni S 

73® 7 7 7.10 

265 2® 2® 265 

795 790 795 795 

77® 77 77 78 

7 30 7® 7® 7® 

Balsa tadex: 4119® 
Previous: 412136 

4770 4£X 4830 
1836 18JB 1B30 
31.® 31J5 31® 
M 1236 1236 
39JJ0 39® 39X5 
4685 4770 47.00 
174 1.73 178 

27® 28.05 28i» 
2970 3035 29.10 
117® 117® 11BJSD 
IB® 1£® 1830 

MJB Tltewcfico: 1225608 
PreVtOOH 1226000 

1020 109® 10955 109® 
1X5 3365 3440 mi) 

U85 43® 4425 4385 

11VS 1181 1181 1186 

1650 23400 23400 23400 
WOO 2545 2600 2555 

l 835 77® 77® 7800 

1705 8630 SOS &W0 
!7® 5670 5729 5710 

100® 28800 28W 289® 
B15 14B25 14825 14965 

!«5 2380 2415 2380 
315 51® 5185 51® 

-340 7280 7315 7300 

1900 9SM 9680 98® 
063 1013 1045 IS® 
490 480 484 4B0 

•460 2420 2435 24® 

B90 3770 3870 3825 

B60 12970 12970 13170 
USD 18200 18400 1B245 
1950 10865 10910 10» 
8515 85X . 8615 
1680 4tM 46X 4670 
n 70 5110 51X SMI 

tndwMalslXK 231604 




Banal ire 








Christian Dior 

CLf -Deita Fran 

Credit Agricole 



Ertdania BS 



Gen. Eaux 







Lyon. Eaux 


Paribas A 

Pernod PJcanl 

Peugeot CIt 





Rh- Poulenc A 

SGS Thomson 
Ste Generate 

Thomson CSF 
Total B 



















350.70 341® 345® 340® 










227 227® 










278 271® 

276 ® 272® 



242® 237® 










































398 411® 39460 





Eleckokn B 
Ericsson B 
tncwrtlve A 

Investor B 




SandvtL B 

Scania B 


5-E Banker A 
Skandia Fare 

Spatbanlker A 

Store A 
SvHamfes A 
Volvo B 

4®® 455 

282 274® 
259 229 

691 688 

390 382 

238 236 

237 235 

269® 262® 
212 208 
220 217 

165 163® 
82® 81 
278 274® 
328® 318® 
179 177 

156® 151® 
190 190 

115 114 

221® 217 

215 210 

390 37D70 
1049 991 

2270 2216 
1488 14® 

565 552 

385 365.70 
1041 1010 

2223 2194 
1470 14® 

552 556 

341 332 335.10 327® 

367 357 36260 357® 

297 289.90 29110 28540 
594 5® 580 557 

2604 24® 2341 2420 

2159 20® 2115 2015 

139® 133® 1® 133.X 

1747 1619 1714 1604 

MUD 19860 20110 1W® 

554 5» 546 516 

310.70 299 306.10 297® 

1102 WTO 1093 1092 

472 4® 471 4*9 

*17 5® m 5W 

2798 2?A0 2790 2772 

819 795 B13 798 

294.10 286® 28820 289® 
718 691 700 6® 

1® 153 1»® 1®® 

555 530 567 528 

9115 91® 9235 % 

367® 346® 361® 347 






Brambles Ind. 

CC Arnold 
Coles Myer 

Foster; Brew 
Goodman Fid 
ICI Aushda 
Lend Lease 
MIM Hite 
Nat AunBank 
Nat Mutual Hdg 
News Carp 
PodBc Dunlop 
Pioneer Inti 
Pub Broadcast 
SI George Bank 



Sao Paulo Bov«Mind«:iiD7£x Taipei 

Previous: 11029® 

Brahma PM 
ttartoncD Pfd 
Light SenridOS 

— PM 
P*jfcla Lin 
CVRD Pftl 


Doewoo Heavy 
Hyundai Eng. 
Wa Motors 
Korea El Pro 
Korea ExchBk 
Korea Mob Tel 
Pahang (ran 51 
5omsung Dtabty 
' Bk 

£45 875 

804.00 777® 
5665 54® 
60® 40-20 
l£7D 1695 

XI .00 493® 

520.00 520® 
486® 513® 
3®® 351® 
24890 246® 

3670 34® 
10® ia» 
143® 142® 
171® 173® 
166X 166.01 
343® 345.00 
38® 3539 
1 11 1.13 

2295 23® 

Composite Mac 76537 
Piwfous: 76375 
98000 96000 77000 96900 
8200 74® BOW 8050 

216® 212® 212® 217® 
15500 1ST® 159® 15900 
299® 29400 297® 2941® 
6650 62® 6350 6350 
4D208B 3905® 39W® 40000 
375® 366® 37OT 37300 
590® 57730 582® 577® 
463® 455® 459® 459® 
675® 661® 665® 47DQ0 
11X0 112® 112® 113® 

Cathay Lhe Ins 
ChooTurg Bk 
CMrra Devefomt 
Chbu Steel 
^—toso Plastic 

Nan Bit 

ItdlComm Bk 
NmiYa Piastres 
Taiwan Semi 

UM Micro Elec 


146 143 

118 115 
6730 6630 

119 11630 
29.70 29J0 

143 145 

115 116 

6630 67 

117 116 

29 JO 2940 

SinaaDOre Strait* Times: 204371 
1^*^ Previous: 2047 J9 

Ab Nippon Air 
Atatv Mass 

Bk Tokyo Mfcu 
Chou Elec 
Chuoofcu Elec 
DmMpp Print 

DaHdil Kmg 
Dciwo Bonk 
Doiwa House 









115. K 
































MUtol 225: Z048£l! 

PravtoUK 28611® 











43i s 


























31® 3060 
2120 2080 
2060 2040 
2390 2350 
799 786 
1350 1320 
457 448 
1390 1380 

3070 3020 
21® 2090 
2040 2060 
2380 2390 
789 792 
1330 1350 
451 460 
13® 1390 

East Japan Ry 

4ZM 476 
26.10 2SJ5 
35W 3570 
3 6M 3675 
17.W 17J0 
29.® 2£90 
3935 39.-15 
28.70 28W 
20.15 I9J0 
17J3 1670 
3235 32ft 
31J0 31 

26.10 2£90 
7 JO 7 JO 

60® 60 

2*J0 2£W 

17.W 17J0 
29 29 

39 JO 39 JO 

.2S ■ m 

1930 1930 
1630 1630 
3230 3US 
31 JO SBM 
U.10 26J05 
730 7 J0 

6015 m 



»V- - -*■ ■ * 

rwrm mm 
OnduAra A 

TraMMB Off 
Storebrand Asa 

OBXbatK 63433 

135 135 136 

.1 a 168 149 

2UD 2U0 24J0 
2170 2840. 2050 
138 140 1». 

6430 4430 4150 
606 407 408 

36330 36830 366 

249 25130 252 

102 106 103 

561 548 613 

,3M 3W 316 

14130 i® a n 

W0 M0 IX 

STD 515 517 

66 47 4640 

City Devtts 

firU f*MTk 

— , Famt int 
DBS Wan 
DBS Laid 

Jard Strategic 

tfgiyul r.U 

unci ms 

'OS Union 6k F 

Sing Land 
Sing Press F 
Sing Tech Ind 


Whig Tat Hdgs 


Tat Lee Book 

£45 645 
870 8 

13.90 1330 
1430 14 

8J4 073 
I860 lfiue 
4J0 470 
1130 .11 
2.75 232 

730 7J5 

186 178 

635 670 

3J0 378 

4.78 £76 

4.16 £10 

16.10 15.10 
930 VJ0 
6JS 635 
7 £90 

12J0 1230 

7.15 7.10 
2930 2830 

£06 4JQ 
231 238 

3J8 3J6 

1.15 1.13 

1530 1530 
472 £18 

£45 £40 

8 £15 

1230 1170 
1430 1430 
£74 6.73 

1£40 1849 
£74 £76 

11.10 11 JO 
2.73 260 

735 7.05 

332 178 
*75 630 
180 3J0 

£78 478 

£10 £18 
1570 1830 
9 JO 9J5 
640 630 
£90 7.10 

1230 12J0 
7.10 7.15 
2190 2970 
£02 £06 
241 249 

136 136 

1.15 1.14 

IS.® 1530 
470 472 

Stockholm «i6b| £=223 

s a iD i »s 

A«10omen 211,5 209 211 210 

Alta A 139 12730 128 1® 

Mas Copco A 213 2® 21030 219 

AutaUv 313 30730 308 312 

Honda Motor 




Japan Tobacco 





KrmofidJ Hvy 
Kara Steel 
Kirin flrttrtty 
Kobe Steel 
Kyushu Elec 

Matsu Comm 
Matsu Elec bid 
Matsu Elec Wk 
Mitsubishi El 
Mksubtshl Mci 
Mitsubishi Tr 



3400 fot* 

3200 — a-5- 

3000 -ft 

^J-F wTa" 







Helsinki •• 




Milan ■ 


Stockholm • 



Source* Telekurs 

FTSE 100 Index 


4600 /V 

44oo- -^vy 


4000 — - 

3800 J FMAMJ 







Stock Market 
HEX General 

FTSE 100 ' 

Stock Exchange 






Thursday Prev. ■% 
Close . Close Change 

820.69- • 817.12 +0.44 

' 233.07 . 2.284.40 -0.06 
' 3,67343 , 3,661.84 +0 .31 
Clpsad • 578.03 
3,1^764 3,077.10 >oi63 
634^3 r 641^31 -1 -04 

4^7620 4,557.10 +0-42 
• 564.41 557.47 +154 

12256 12260 ' -0.03 

"2^690.85 2,635X17 +2.11 
3,060.35 3,062.79 -0.08 
1^8^92 1^04.17 +0^1 
3^27.99 3313.71 +0.43 

Jnurn 1 j i.wul HrniM T nhux- 

High Low Close Prev. 

£5730 457 

28130 17730 
23430 254 

690 693 

370 38530 
237 24030 
236 238 

32150 31030 
179 177 

15630 15430 
190 190 

11430 11A50 
221 219 

21030 71530 

Ari Ordinaries: 26*470 
Prevbwsj 161570 

1 830 633 £56 

I £70 £79 BJ 8 

i 1175 1833 18.97 
£06 £07 £06 

I 23.40 2338 2143 
I 1476 1130 1477 
15 J 5 1537 16.10 
i 672 6 J 1 672 

I 7.15 7.15 772 

i £80 £32 £B 3 

I 239 IMS 2.63 

r 1.75 176 1 . 7 B 

I 12.05 12.10 Ills 
I 2675 2639 2635 
I 134 134 1 .B 6 

» 16 ® 1838 1695 
I 1.90 1.91 1.92 

I £68 539 5.71 

> 172 174 3.73 

i £51 4 J 2 AJ 5 

i £97 698 735 

I 2 a 9 S 2137 21.15 
! 735 7 J 8 737 

1 8 .® 612 £19 

6 .M 73 &S 5 

1 1075 I 0 J 1 10.96 
i 193 196 197 

Start Mortal tederc 0131J8 
PrwtoW: 828231 

Very brieflys 

• Platinum and palladium market-makers held talks in Lon- 
don amid threats of delivery defaults in their markets, where 
acute shortages of the precious metals have driven prices up and 
prompted dealers to stop quoting forward rates. 

• Hennes & Mauritz AB shares fell 20 kronor to close at 234 
(530.19) in Stockholm after the retailer said it would transfer 
its shares from the exchange’s "A” list to its less prestigious 
"O” list to avoid the impact of a new tax law on its chief 
executive and biggest shareholder, Stefan Persson. 

• The European Community Shipowners' Association said 
ending duty-free and tax-free"sales in mid- 1999 would lead to 
50,000 job" losses, higher ticket prices and closings of ferry- 
routes. The association urged the European Union to review 
its 1991 decision to end the sales. 

• OAO Moskovskaya Gorodskaya Telefonnaya Set, or 
MGTS, the regional phone company for Moscow, will not 
renew a contract with France T eiecofn for pay phones, saying 
the French-made phones did not offer enough protection against 
the use of fake telephone cards. The company has signed a deal 
with the Spanish telephone company Amper SA. 

• The European Commission approved Lyonnaise des 
Eaux SA's acquisition of Compagnie de Suez SA. 

• Siemens AG's chief executive. Heinrich von Pierer, said the 
company had no plans to leave the nuclear-energy business, 
despite public opposition to the technology in Germany. 

• W.H. Smith Group PLC said it made £55 million (S95.I 
million) by selling 14 of its retail properties in Britain: it did 
not identify the buyer. The book retailer plans to rent the 
properties for £3 million a year. 

• German regulators rejected a bid by Merck KGaA, a drug 
and chemical maker, to buy KMF Laborchemie Handels 
GmbH, saying the purchase would give Merck a dominant 
position in the German laboratory-chemicals business. 

AFX. Bloomberg. Reuters 

Tli 0 Trib Index Pnces 1180,300 PM New rort ' pwe 

Jan 1.1992*100. Lewi Change % change year id data 

% change 

World Index 166.30 +0.65 +0.39 +11.51 

Regional Indexes 

Asia/Paadc T25.13 +0.10 +0.08 +1.30 

Europe 173.49 +0.93 +0.54 +7.62 

N. America 192.22 +0.97 +0.51 +18.72 , 

S. America 155.53 -0.11 -0.07 +35.92 j 

Indue trial Indexes 

Capitalgoods 20223 +1.85 +0.92 +10.32 j 

Consumer goods 186.67 +0.66 +0.35 +15.64 i 

Energy 196.97 +0.29 +0.15 +15.38 , 

Finance 124.33 +0.67 +0.54 +6.76 ; 

Miscellaneous 167.91 -0.86 -0.52 +3.79 

Raw Materials 181.70 +0.27 +0.15 +3.60 ! 

Service 158.17 +0.44 +020 +15.18 

tAMes 143.14 +0.05 +0.03 -0.22 j 

The Iniematlona} Hemk) Tnbune World Stock Index O mots me US-dollaivatimol I 
260 miemationaRy nvosobte stocks from 25 countries For mom infomunon, a free I 
Booklet is avaiable by wrung to The Trio Index. 181 Avenue Charles de Gaulle. 

32577 Neuify Cedex. France. Compiled by Bloomberg News. 


Mitsui Fudowt 1610 
MlhuiTfUSt 875 
Murato Mfg 
NSUrn Sec 
Nlgp Express 
Nippon 5l 

Nippon Steel 
Nissan Motor 

Nomura Sec 
ntt urea 

NTT Data 4600b 

Of Paper 

Osaka Gas 

Rohm 117® 

&*wu Bk 
Sonwa Bank 
Sated House 


ShHroku El Pro 1960 

Shizuoka Bk 

Sony 101® 

Surnttemo Bk 
SumB them 
Sumitomo Elec 1850 

Sump Metal 
Sum> Trust 
Taisbo Pnom 3»so 

TakedaChwii 3090 

TDK -mo 

Tohoku El Pw 2040 

Total Bank 

Toftla Marine i«o 

Tokyo 0 Pro 2290 

Tokyo Election SBM 

Tokyo Gas “■ 

Tokyi Crap- 

Tappan Print 
Tow Ind 
Toyo Trust 
Toyato Motor 

1550 1590 
855 863 

474) 4740 

640 1650 
694 699 

9490 9548 
916 918 

604 416 

349 350 

240 240 

1350 1360 

1080b 1100b 
4500b 451® 
691 704 

299 299 

1530 1530 

11505 117® 
723 733 

3750 30T0 
1470 1490 

505 517 

8490 8490 
5910 5910 

1230 1230 

1190 12® 
8660 8750 

1560 \5K! 

1950 1950 

2920 2W0 

1770 IB® 
1150 3150 

7720 7BDO 
9960 100® 
3ft® 10® 
1660 1710 

486 492 

18® I860 
309 312 

1030 1030 

79® 2980 

304» ym 
8870 8870 

19® 2020 

985 994 

1390 1390 

2270 227U 

5670 5670 
307 3® 

702 715 

1410 1410 

1650 1670 
788 793 

733 739 

3080 mo 
810 8)5 

3410 3410 
2930 2930 


Newbridge Net 
Naunda Inc 
Ngrcwi Energy 
Nthem Telecom 

Pane dii Pettn 
Petra C® 
Pace Pettm 
Potash Sask 
Rio Atgon 
SheflCdu A 
Talisman Eny 


TotDom Bark 
TransCda Pipe 
Trimark Frill 
Westeoast Eny 

High Law Ctase Prev. 

31 3035 30,60 30J5 

55.70 54J0 5560 55® 

31 3014 ®.B5 30- 

33J5 3105 3320 33«; 

1 21 JO 1I9V» 121.15 119.95 

11.70 1135 1130 1135 

26«4 26U 26fo 26te. 

30 29W 29 JO 29.70 

24 2165 23.70 71® 

24V, 2145 2£>6 2145 

15 14J0 14.® 14*« 

113£5 112 11145 112-45 

43 42 42J0 42.20 

36 1 * 36.10 36.15 36J0 

25 2£>« 241a 24J0 

STi 56VS 5630 56J0 

59-20 58 SV 58-45 

364* 35J5 36 £0 35.60 
47 JO £514 46te 45.60 

32 31 31.10 30.70 

43W 4135 £135 4140 

24£5 2445 2435 24te 
3235 31.70 32V; 31J0 

42J5 43.15 42’U 4235 

16 15J5 IS.® 15.90 

2£10 2730 27.W 2730 
5535 5490 55>S 5460 

30 29 JO 29 JO 29.95 
8-65 £35 860 £35 

2530 25 25.05 

90 89 90 

Vienna Ancwra 1304.92 

Previous: 13M.1 7 

Boehler-Uddeti 965 940 95330 960.10 

CrodtariSt PM 490 JO 48030 480.70 491 JO 

EA-Generali 3050 ®10 3045 3040 

EVN 1757 1706 1733171 £60 

Ftofltwfen Wien 576J0 520 523 530 

OMV 1579 15691579.90 1585 

Deal Etoktrii 898 877 888 JO 883 

VA Stahl 562 54910 S57 553 

VATecti 7147211635 2142 2123 

WletwrtagBflU 256035 2520 2545 2500 

2890 3910 
5800a 5750a 
2280 23® 
4300 £2® 

1S80 1540 

sm 4790 
1470 1460 
1»0 11® 
1270 1290 
3510 35® 

1440 1440 

436 442 

614 616 

6630 6840 
9050a 8960a 
3970 39® 

659 67 7 

22® sm 
16® 1590 
510 520 

356 356 

703 701 

iiw n® 

224 228 

9340 9110 
2040 2060 
512 506 

2210 2210 
37® 37® 
2240 2260 
1340 1330 
14® 14® 
372 379 

698 687 

1210 16® 
853 852 

862 865 

1610 1650 
1050 HMD 


ABwrtn Energy 
Akm Alum 
Bk Montreal 

Cdn Nat Res 
CdnOcdd Pet 
Cdn Pacific 
Dam tar 
Edper Group 
Fairfax Fml 
Ftetdier Chatl A 
Franco Nevada 
GutiCda Rn 


Ljwwn Group 

i* i ; -m 




TSE Industrials: M6IL26 
25 24® 24J5 25 

70 33J0 33Vj 3145 
85 £9-55 £970 49-6 
Ift 18J0 18ft lBW 
|)4 5WS 53V 5165 
70 58ft 58.90 5£70 
Ift 32£5 33-45 32.70 
TO 37.® 38J0 37JS 
\H 31 -TO 31 £5 31.60 
Ift 33 33ft 32ft 
70 - 29J5 29J5 29-40 
20 3170 35.15 341* 
35 52« S3 53ft 

S5 33»* 31® 
ft 56J0 57® 
SO 36-65 3^ 1 45 
70 31 JS 31® 31 £5 
IS 36.® 36J0 
ft 39.15 3£TO 
ID 26-70 27 26J5 

65 lift 11J5 I1J0 
« 30'J. 38J5 30ft 

Ift 31 32 32.95 

10 23® 34.10 21® 
20 4L0S 41.95 41 

« 336 339 330 

ft 29J5 29.70 
2365 2145 
,73ft 73 

1230 12-ffl 
-- 69|4 69 

£4 4435 4A1D 
£3 £3 43 

45 16. B0 18.80 
JS0 £71* 4£05 
- ais 20,15 

10 73.65 73ft 7M 
® 12-70 12J0 12ft 


Air N Zeald B ‘ 

Briffltylnvt I 

Carter Had art 

Ffefch Ch Bldg - 

FletdiChEny - 

FtotchCh Foret 1 

FWdiCh Paper 

ban Nathan 

Milan Horton I 



Adecco B 







□ba Spec Qiein 

Oa riant R 

Ueddenst LB B 

Nestle R 












SwksokR . 
Zundt AsswR 

NZSE-40 toddb 236276 
Pravbni! 2357J3 


4 73 







































SPFbldae 3327.99 
PRVHOl: 3313.71 

2K9 2056 2029 
516 518 521 

13M 1396 !S>6 
20® 2990 2120 
,871 872 875 

1968 1978 1974 
32« 3265 3245 
1105 1114 1110 
134® 13125 13475 
904 926 909 

1® 1MJ5 19125 
540 541 541 

S56 6395 6325 
£650 47® 46® 
1296 1316 1322 
486 486 4B6 

1806 1810 IB20 
1971 1985 1987 

166 169 165® 

1775 1805 1807 
017 B2S 819 
»»S 3335 2010 
243 251 243 

j315S 13160 
357® 359® 355 

3090 3150 3250 
868 BB3 8TO 
1181 11® I]® 

1935 1974 19S3 
445 1454 ItfB 

JS 351° 1»1 
1210 11® 
533 534 503 



-a ------ 


:CZ r_:'- 

■?.- ■ 

v f- 



I '= - 

ti r ; 

*'• r--- 

v* • 




- ^V>3^ UP Lla£&j~ 

PAGE 17 

Pipeline Whits on the Taleban 

By Steve LeVine 

Nmr Yoii Tines Senicr 

TASHKENT, • Uzbekistan — 
When die militant Islamic move- 
ment known as the Taleban expan- 
ded into northern Afghanistan, 
some Western energy executives al- 
lowed themselves a slim hope that 
the way was finally clear for an 
export pipeline from this energy- 
rich region to the growing markets 
of Asia. 

Two oil and gas giants — Unocal 
Corp. of the United States and Bridas 
Energy Corp. of Argentina — have 
been in unusually bitter competition 
over proposals to build the 1,400- 
kilometer (875-mile), S2 billion nat- 
ural gas pipeline from Turkmenistan 
through Afghanistan to Pakistan. 

But the Taleban has suffered a 
sudden setback and industry experts 
see (be chance of persuading insti- 
tutions like the world Bank to fi- 
nance a pipeline as elusive as ever; 

Still, the energy companies' am- 
bitions in this region illustrate their 
willingness to make huge bets and 
wair out political turmoil in hopes of 

Incleed, in a recent interview, Un- 
ocal’s president, John .Imle Jr., ar- 
gued that his company had thrived 
taking political risks in such places 
as Thailand and Indonesia before 
others would and that the proposal 
for a pipeline through Afghanistan 

Imle said in Turkmenistan’s capital 
of Ashkhabad. "If skepticism were 
a problem, this industry wouldn’t 

The most recent setback to hot 

for a pipeline came after TaleL 

forces were driven this week from 
the northern city of Mazar-i-Sharif, 
not far from the Uzbek border, just 
days after the Islamic militants 
seemed on the veige of unifying 

The World Bank and other in- 
ternational financial institutions 
consider such nationwide authority 
— in addition to peace — a pre- 
requisite to loans for the trans- 
Afghan pipeline proposed in com- 
peting plans by Unocal and Bridas. 

least for a few hours, a lot of 

people were hopeful," said a U.S. 

official in Washington, who spoke 
on condition of anonymity. "If you 
have one government controlling 
virtually all the country, both com- 
mercial banks and international fi- 
nancial institutions would have been 
likely to get involved. Now it’s back 
to square one." 

Both Unocal and Bridas describe 

the pipeline project in grand terms: 

was jus r one more gamble. "I’d like 
tocallf ' 

l this pattern recognition," Mr. 

the energy would supply an expand- 
ing Pakistani market and, if regional 
diplomacy is successful, feed an 
even larger demand in India. 

Unocal speaks even more ambi- 
tiously, proposing a parallel, 1,600- 
kilometer, $2.7 billion oil pipeline to 
Pakistan’s Arabian Sea coast. Un- 
ocal and its Saudi partner. Delta Oil 

Co., promote the line as a way to 
channel oil from as far away as west- 
ern Siberia to Asian customers. 

Yet, the companies have pro- 
duced few believers. Indeed, many 
bankers and U.S. officials say that if 
anything comes of the proposals, it 
will nor be for years into the next 

Such skepticism begins with the 
setting for the projects. The 
pipelines would start in the desert of 
Turkmenistan, which, although it 
has the world’s fifih-largest natural 
gas reserves and a population of just 
4 million, has largely floundered 

Most of the problem is the fault of 
Russia, which has choked off Turk- 
menistan’s natural gas exports to 
Europe and cost it about $2 billion a 
year in hard currency earnings. 

' Critics, however, say that Turk- 
menistan’s president, Saparmurat 
Niyazov, is also to blame for adopt- 
ing market reforms at a snail’s pace. 

Diplomats say the authorities in 
Turkmenistan routinely insist on 
renegotiating terms of consum- 
mated contracts or sometimes sign 
similar agreements with two dif- 
ferent Western companies. 

Unocal’s entry into Turkmenistan 
is instructive. 

When Mr. Imle visited in July 
1995, among the gems a delighted 
Mr. Niyazov offered was an off- 
shore oilfield called Chelikan I. The 
field was already under contract to 
another U.S. company. Oil Capital 







Kabul* Wanybad 



China Buys 
Oil Firm in 

$4 Billion Deal Aims 
To Bolster Supplies 


Ltd., but Mr. Niyazbv contended 
that Oil Capital was in default. Un- 
ocal did not seek the field. 

The president went on to suggest 
the pipeline project, even though he 
had previously asked Bridas to do 
basically the same thing. 

The origins of the two compa- 
nies’ proposals are the center of a 
lawsuit brought by Bridas in a Texas 
court against Unocal. 

The bulk of the political risk, 
however, is in Afghanistan, through 
which 836 kilometers of the natural 
gas pipeline and 675 kilometers of 
Unocal's oil pipeline would pass. 

The rout of the Taleban this week 
and fresh fighting on several fronts 
have had a great impact on the proj- 

"From the oil and gas point of 
view,” said Robert Ebel. director of 
energy and national security at the 
Center for Strategic and Internation- 
al Studies in Washington, "this has 
to be viewed as a setback." 

C’ttfxlnl ft Our Sun'FrMi Dufvirbn 

BELTING — China's petroleum 
monopoly will pay more than $4 
billion for Kazakstan’s top oil com- 
pany, the Xinhua news agency re- 
ported Thursday, the biggest deal in a 
string of recent overseas investments 
aimed at offsetting dwindling do-' 
mestic oil supplies. 

China National Petroleum Corp. 
beat bids by the American giants 
Texaco Inc. and Amoco Corp. and 
Yuzhimost of Russia to buy 60 per- 
cent of Aktyubinksknefu which is 
based near the border with the oil- 
rich Chinese province of Xinjiang. 
The vice president of CNPC. Wu 

Investor’s Asia 

Hong Kong.. 
■Hang Sang- 




14000 -ar— 

Straits Times. 

Nikkei .205 



121100 j f i* A M J 


F M A M J 



Thursday Prev. 
'Close Close 

Hang Seng 


1-4,795.52 14,831-58 -0.24 

Yaoweo, was quoted as saying that 

Comision Ejecutiva Hidroelectrico 
del Rio Lem pa (“CEL”) 

Autonomous Public Service Institution of 
The Republic of El Salvador 


I. That CEL is the owner of the share capital of the following 
companies: Comp ah ta de Alumbrado Efectrico de San 
Salvador. S A da C.V. (CAESS. S A de C.V.). Compaflia de 
Luz El£ctnca de Santa Ana, SA de C.V. (CLESA. S.A. de 
C.V). Distribuidora de Electricidad del Sur. S.A. de C.V 
(DELSUR. SA de C.V). and Empresa Eldctrica del Oriente 
S A de C V. (EEC S.A. de C.V.). 

Ii Tnat m accordance with Legislative Decree No. 1004, dated 
the seventeenth of April of 1997, and published in the Diarlo 
Ofiaai f4o. 76. Volume 335, dated twenty-ninth of the same 
month and year. CEL is enabled to transfer the shares which 
represent the share capital of the above-mentioned 


In accordance with Article Three of Legislative Decree No. 1 004 . 
We inform 

Tnat following the third publication of this announcement, will begin 
the process for the sale of shares that are the property of CEL and 
which represent the share capital of Compahla de Alumbrado 
Electric* de San Salvador. S.A de C.V. (CAESS. SA. de C.V.). 
Compaflia de Luz Electrics de Santa Ana. S.A. de C.V (CLESA, S A 
de C.V). Distribuidora de Electricidad del Sur. SA de C.V. 
(DELSUR. S A de C.V). and Empresa Eteclnca del Oriente S A de 
C V. iEEC SA de C.V.j. 

6th June. 1997 
Second Publication 

Asahi and BHP Leaving Foster’s 

Compiled b\ Our Ssjff Firm Dufutrbn 

MELBOURNE — Foster's Brewing 
Group Ltd. said Thursday it would pay $468 
million to buy back the 13 percent of its 
shares held by Asahi Breweries Ltd. of 
Japan, and Broken Hill Ply. said it would 
sell its 36-5 percent stake in the brewer. 

"This is indeed a watershed in our cor- 
porate history, the re-emergence of a strong, 
independent Foster's Brewing Group," Ted 
K unk el. die brewer’s chief executive, said. 

Asahi has been a shareholder in Foster's 
far seven years, and BHP has been in- 
volved with the company for more than a 

decade as a result of what was seen at the 
time as a defense against a possible 
takeover by the late Robert Holmes a 
Court’s BeU Group in 1986. 

BHP said it was selling 616 million 
Foster's shares — 86 percent of its stake — 
at 2.49 Australian dollars ($1,89) each to 
an investment bank and an Australian 
stockbroker whom it declined to identify 
and the rest to BHP shareholders. Foster's 
also is paying 2.49 dollars a share for the 
Asahi stake. The brewer’s stock fell 3 cents 
in Sydney trading to close ai 2.63. 

(AP, Bloomberg) 

Dai-Ichi Executives Arrested in Loan Scandal 

Coupled by Our Surf Front Dapurdm 

TOKYO — Dai-ichi Kangyo Bank Ltd. 
apologized Thursday for its involvement 
in a payoff scandal as authorities arrested 
three executives and a former managing 
director on charges that they had lent mil- 
lions of dollars to a reputed gangster. 

The arrests of Tatsuo Shibuya, director 
of the general-affairs department: Hiroshi 
loots uroe, who was a managing director 
and former head of general affairs before 

leaving the baric; Takushi Manabe, deputy 
manager of general affairs, and Michiy- 
oshi Kusajima. a former deputy manager 
of general affairs, were the first to involve 
bank employees since prosecutors began 
investigating loans to Ryuichi Koike, the 
reputed gangster, that he used to buy shares 
in Nomura Securities Co. The four were 
arrested on suspicion of having broken the 
law by lending money without collateral. 

(Reuters. Bloomberg ) 

it plans to double within three years 
the Kazak, company's production of 
50.000 barrels a day. 

But some analysts said the deal, 
which calls for a 3,000-kilometer 
(1 ,875-mile) pipeline into Xinjiang, 
would merely add to the surplus of 
oil in the province. 

"Xinjiang already has more than 
enough oil, which China is trying to 
transport to the east," said Kang 
Wu. a U.S.-based Asia-Pacific en- 
ergy analyst. "The pipeline project 
is a little remote at the moment. It 
could take a long time to realize." 

Beijing is seeking overseas sup- 
plies to balance a projected annual 
shortfall by 2000 of as much as 30 
million metric tons of crude. China 
produces about 3 million bands of 
oil a day and imports 400,000 bar- 
rels a day, about 15 percent of the 
crude it uses. 

China National Petroleum signed 
two other agreements this week: a 
$240.7 million contract to develop 
two oil fields in Venezuela and a 
$1.26 billion deal to develop the 
Ahdab oil field in southern Iraq. 

Oil Minister Amir ,Moharmned 
Rashid of Iraq did not say whether 
work at Ahdab would begin before 
the seven-year-old UN trade em- 
bargo his country was lifted. 

(Bloomberg. Reuters J 


Straits Times - 





AR Ordinaries ■ 


2.615J9G 1 



Nikkei 225 

20.4W.15 20,61 J.56 .-0.60 

Kuala Lumpur Composite : 






■ 548.05 . 




Ujmposfte Index 


763.25 f 



Stock Market index 8*231-30 



Manila- V 

PSE ' 





Composite Index 






2,36 2J8 




Sensitive Index 




Source Teiekurs 

Irii-mjlti <iuJ H.-rald Tnhanc 

Very briefly: 

•Apple Computer Inc. will close a plant that makes primed 
circuit boards and lay off 250 workers in Singapore as pan of 
a global restructuring. 

Nippon Credit Bank Ltd. said 33 Japanese banks and life 

insurers, led by Nippon Life Insurance Co., would buy 167 
1 .4 billic 

billion yen ($1.4 billion) in new common shares. Meanwhile, 
Bankers Trust Co., a U.S. bank that is helping Nippon Credit 
pay off debt, will buy the overseas assets of the Nippon Credit 
unit Crown Leasing Corp. for 75 billion yen. 

• Sing Tao Holdings LtcL’s shares dropped 2.5 percent after 
six of its executives or former executives were arrested by 
Hong Kong's anti-corruption agency on suspicion of cir- 
culation fraud. The six were released on bail. 

• Kia Motors Corp. of South Korea said it was considering 
suing Samsung Group for critical comments attributed to a 
Samsung researcher in a report leaked to a Seoul newspaper. 

• China announced 'further steps to control its volatile stock 
markets by banning commercial banks from using their funds 
to engage in securities trading. 

• China Everbright-IHD Pacific Ltd., a Beijing-backed 
investment company, raised 1.9 billion Hong Kong dollars 
($245.4 million) to try to give international investors their first 
stake in a Chinese bank. The company has bid to buy 20 
percent of Everbright Bank of China, fl/owm/vr*. Remerx. ,\FP 

Australia Slows Cuts in Auto Duties 


I C hina Signs Up With Agip 
Agip SpA of Italy and China Na- 

tional Petroleum signed an agree 
oU-and-sas join 

meat to form an oil-and-gas joint 
venture, news agencies reported. 

The pact was signed during a visit 
by Prime Minister Romano Prodi. 
The new company, Chinagip Over- 
seas Petroleum BV, will be based in 
the Netherlands. (AFP. AFX ) 

CANBERRA — Australia. Fighting chronic unemployment 
and a recession in its manufacturing sector, slowed its pace of 
car-tariff reductions Thursday but said it remained committed 
to an ambitious Asia-Pacific free-trade pact. 

Prime Minister John Howard said car-import tariffs would 
be frozen at 15 percent from 2000 and cut to 10 percent in 
January 2005. He said he remained committed to obligations 
to cut trade barriers to zero by 2010 under the Asia-Pacific 
Economic Cooperation forum’s trade agreement. 

Carmakers welcomed Mr. Howard’s plan, calling it a 
sensible measure creating stability for their future investment 
and saving jobs. 

tUAt 2 


+44 171 420 0348 

s.\- tv. t" 


on Page 4 


ba Kind, gorfid. bred nd pnsarved 
fragboot Km mdd no* and brew. 
Sacred boat of Am pray br us, 
Start Jude. tartar of made, pray far 
u Saint Jufa. helper of the Impales, 
pay tor is. Amen. Siy Us pnyer one 
tow a day, by At nMh day. you 
prana Mi bo w a red tttonowr 
ban bom b UL Pitotatta nut bo 





ftta hos TVA an data be* 
(KHnclan cbpontb w dMmda) 
Rtepfct hi bereme Mkrirefi 

FRANCE feme qenFH-TVA 206V 
00: 3J) FOtft 224 

SOt. Ml SCSR M2 


oo. OS2S4 Far. wee 



*t I* 

flfc 1JS SCSt. MS 

2 tar»-f: 

at. ljEQ SCSft 1* 


.... UB 


1JB FOft AR 


Oft 22J» FOft tflj* 

SC ft 3U2 test-. 

HDtUNKtaMflUfll-TV* 173 
Oft t*8 FDD: UK 
sat. sap. uss 


Oft 48 




tap nm 


Attention visitors 
from the U.S! 

If you enjoy readhg tl» IHT 
when you travel, why not 
also get 1 at horns? 
Samfrday deSveiy avaflabte 
h key US. cities 




nnwowifitiiiu MM»ua 


wry Hgfa education, cwmopoflan. 
many, b looting br gontfaKoi wffli 
"Svotr vimf, oxtravwtad *Bd*&o«V 
fays Ha to had b genutoa ratafcmhlp. 
Mb Box 3tS, HT, nCMKb 
Gadfc 9221 Neuly Cedar Franco 

Auto Rentals 

FF500. 7 dm FFlSflO. T«l Park +33 
(0)14K8S5S5.Ar(D)H353 9S29l 

Legtl Services 


Cal or fee (714) 9BM68S. Vtik JS7S7 
SNA BM ft 37. Wrtbgbn Bmb, CA 

Bar 377, Sttx*Y, HA 01776 USA. Tat 



TUI Worth! 



Baskets Opportunity* 

OffMOrt CflbPAMB. For te. Mh 
dsri or «4*» Ttf uwfaa 

im Fnc H tm 74* «WW 




Aston 1 

8 Hd Rood, fcatfu, bboMlu 

Tat +44 m IBM 82*581 
Fbc-444 N) 1624 825128 


Tat 444 (0) IT! 233 t38 
Far +44 (0) 171 233 1519 

E Mai: aston&ffitaprisejiet 

to mart* mi Ctas A A Ores B 
Ofcfwa Comroenfat Bads, 
frrxxfate tfefrwy. Gw whb 
30% eoRsnsmn. 

Own llarehanfa Q tap. 
BAHAMAS TaL 242 384 7010. 

Fn 242 384 7082. USA 
Tat 602 230 41S3. Fax 802 230 5214 




Seamless Dialing 
Solutions at famously 
low KaBback rates 

Vote. Fax. D*i tor 
PABX/Key Systoms 

Rates as low 

as 10 cents/minute 

* No Deposit 


A Santa of 

Whan State* m Sal, not Ud 

Tft 1.206599.1901 

Endfc taMWbckan 

Business Services 



Rill Service 

is our Business 

' htoreadoml tan and ban 

* Uabs, ktephone, bine and 
tatooophr rentes 

* Transition nd notarial arnicas 

* tarnation, dontaaloa aid 
Hrt n fataBon ot Site and foreign 

I DtScas and ccnfanme 
mores tor da^ or mon«y mnU 

RS conSdance and rfscralon assured. 



7 Rue Uny, 1207 GENEVA 
Tai 736 05 40,1b 413222. Fax 788 06 44 

50i An, ml bHflna hrttaal 
Wapbona iw + karafama be, shtbL 
Tot 1-212-640-9499 Far 1-212-221-358 

Free htoemt 

Bond Street - Mai Phase. Fox, Telex 
Tat 44 TT1 290 9000 Fk 171 4S9 7517 

Business Travel 

istfludMu Chre FmuM Tmln 
3% tk No 

WorfowUe. Up to 50% oi Ho ooqufls, 
no restricttoBS. tnperial Canada I* 
1 ■514-341-7227 Fte 1-514441-7998. 
BHnal address: imperial ttogbuiel 
http J wwJo^LnrtbparW 

Capita] Wanted 

ottobore oppotate SUM. fire tm & 
Waphone fa 140SZ 

Capital Available 

Uoo Energy Corporator! H nan d na 


MteiWa bare tan* ateUtoi 
or Japeoea Yen tor irafl prejicto. Aval- 
aWa against A+ bank guaranM up to 
^tOMA Fax 31K74 
Tat 310-274-4831 

Financial Services 



VMure CaptU Fhance Avatatto 
tor Qoreraoint Pluses and 
Gomranant Canpzuas 
bat are tor sale. 

Large ftcjwS on Spedaly 
Ako, Long Tam Ftanca tor 
Large i 

I Srnal Cornwta 
No axrerdsrtn Uni Funded 

Needed to ad as Ineon 
toon reply to EngKsh 

kmatrant bantara 
18311 Vantin BM, Stem 998 
Endrn, CaHondi 91436 ILSA 

F« Na: (818) 906-1(98 
iL (111) 7B 

TlL (111) 7B4M22 








to ncure fandag 
vfabla prejafla: 


Lang terra cafenaal 
Supported Guarantees 



| B10-9284 
I 884-5358 



Executives Available 


MuMnool American tidzen, current/ 
posted In Soumaaal Asia as managing 
Aector of a branch of U5S1.8 B Baope- 
an manutoebnr, raaporeflda P & L br 
US543M, ffteen yeare' experience to 
world mates, neb nw chanengtag 
postion. Proven ear* record h new ven- 
tures, craatty/tapamfing satesAlsbtxr- 
don networks, bwiig local bams. ate. 
Free to relocate Plaare Fax (65)3240012 

Genera/ Positions Wanted 


excetenl references lor managing A 
maintaining buy real estate in 
Pfowncs (Franca) 

For CV and iifarnnHon phone tec 
+31 m 72 5640 191 

Bmat ntanynUworidBccestJd 

Herald Tribune 
ads work 



Conrnn I he filrii oflhv: 

TeLj (SS-1) 41 43 93 85 - Rus (SS-1) 41 48 93 70 

E-mail: rkcgifu-dto ihLccm 

Escorts & Guides 




E«vt Agency Credt Carda TMeom 


0171 589 5237 


Europe Eacort Santa 



Tit 4+44 «7 487 173 

popooe Prime Eaccrt Santa. London 

Esaxt Santa. 

+077/88 55 05. AI canto. 

ARISTOCATS Escort Sefflce 

3 Shoiiidiire SL London W1 

0171 258 0080 


BncuOw Eacort Santa 

GHTraiw, Pais, Mew York, London 

Talr London 0171 266 1033 


WMfs F«H & Most Eretam Senta 
■ Ifcxtoto, Bewty Qureni, Mmm 
KuBOiguei Trmi Corepanlom 

Hdqtis. 212-765-7896 NY, USA 


Rated ‘Baal In Nnr Yorit* by Nan York 
Ltagazm. Satvto unriMda. 

ELITE Escort Service 




IrdernaiHl EEoert 8 Trawl Saws 

Vienna ++43-1-5354104 al credl cods 



. LONDON 0171 362 7000 

Al canto. Adtaoca bookings wtora 


Top loeM A feavel sorta woriteida 




Escort Santa Vienna +443-1-212 0431 


MtEmn Santa »fflJJ4*22S7W7 


Tat +3S (0) 338 8S2 37B8 CradK Cads 


SI Bauchuv Ptaca, London SW1 

Tat 0171-684 6513 

Eretodve Sagant Educated & Frianjy 
Lenttoh & Headww. 01819062281 Cato 

Tn ftiu* nr.ADF.RS in Belgium 

It’s never been easier to subscribe and save. 

Just call toD free at 0 800 1 7538. 


thv munuuu NmxuTB 

Cal 022 1 346 00 88 Escort Agency 
Gradt cards accepted 


Itatfs Escort Agency 

Pten cal 069 - 597 68 B8 frere 2pm 

■ ■ 1 DUSSELDORF * ’ * 
-UEGANCf Escort ♦ Trawl Sente 
Tat 021! • 435 06 87 


TEL- 0171 722 5008 CredR Cards 

Tat Germany +449 (0) 171-5311805 

TEL 0BSQ 173940 

Friaw^r and %tey Stafnly. Private Esooit 
Santa London Tel: 0410 772 816 

GtoocKtt itoad 24 how Tel 0171 244 
OaDIUotte 0802 S38 092 Craft Ca* 

0958 572543 Cmflwdt 


HQJJSJVE fop Escort Santa. Engbh 
Tet+34l 388 35 88or908 81 BB64 

USHUKO Intenadonal Escort Beautiful 
& Elegant 24 hr WorirUde Escort Ser- 
Vta London Tel 44 (0)171 584 3889 

VIP Esau Santa photos to vim ca(M 
London ofloe 0171 835 8005 al onto 

Escort Santa 

Tat 01 1 281.49,47 


PAGE 19 -i 

frf t 

If i: & : : 

( .to r. r ; 

fc r : : 

{# i, ? T 

||r*’ * -t 


*•-*•** •'• 

TifiJ ?t V,.. 

if - 

lie £ r| 

- *•» 1- t: -< 

JMC - V -' 

-,f it j ■*• 

£ £' - V- : '\ 

rr . W 

T* vf f: 



1 S 

|B I 

■f I & ^ 

-ti -i i- 

!■*: !• ? 

7 1 jfc r<- 

-4y ■•£* -f! ■£ 

Is k i 

T £■ i-* 

j f» I* ; : 


1 . r 

-. r 

r fi r 

«.• ». . *V7" 

i t i r-r 

I pi 

L & s: • 

* £ i T"‘ 

*? *• ^ zr. 

■:■ J*. ,. “■ 

ft fc £ i5 

f Ne. 

.?- £. -* 1 '- 4 * 1 

’■*? .& ft £*■ 

| t rfe 
ji f t.& 

Junes, 1997 

available on Internet: 

Ouoiatlon* supplied by hind groups to Britaropral Paris (toll 33-1 4Q 28 09 00) S&vjce SDQnSQ&d by 

Pot intormatfon on hew to B6t your fund, fax Katy Hour! at (33-1) 41 43 92 12 or E-mefl : fundsdthLcom - 

QuotaHona ter your funds vfa&matt : e^ndefH hLcom NOKIA 

“ "■ Premier Gioeoi 7 irla Plui Fa 5 'SM83 

: gfesssstfik t 

m CMnlca Inf Ud X 

Z 5"ww Smpon ufl i 

™ s**vs*5iud l 


<" §tof*cmFu« dm 

™ iHfW ANn Fund I 

m Staffers Opooflun** Ffl ! 

<” SWfwu CamoofilY F 0 t 


■ FL Trail StaBiratond s£ 

s sasHf*” \ 

J FwEiM Funo 1 

a om Rsid s 

a GteWSeleafenFmd S 

a Spku Gnudi Funs 4 

m TfeSE aho FrartUr Fjhb S Ut 
f Th# (Man FiwtjM Fund 4 1U0 


» WecrwJofloi Eqady Fond 4 ll.ltT 

i teS“c Saw 


4 Cafin Arnertan 

a Atebam Imw Co fleov 

■r FiMmCuirancr s awn 

* FifcSiera raid incsme I iotb .2 

: i ,!S3 


*" FMOGtotd OWiirl 4 1W4 

*1 FMG N. Aatr CBAM S U77 

S 49400 
dm tear 
DM 183*00 
X S»7» 
DM S.7B0D 
X 9.3100 

s ?n» 

S 74400 

wosd Bwd 
Eurasaon Bma Funo 

Gto3& r,#Mo,Uh 

{Won EmwnnSr 


z SiWSBf m ^ 

S Urn DiEn BoreS Etu i!3» 

r , ag2K£?s®i eo « p - s «, 

• jjgj fs* uJ l«Ql I 1M7.S 

: sssframs 11 * \ isss 

?¥W" h r 

r 1 ^ 

4 1SJ4 

[ ^ 

V 3MM.00 

Y 1156003 

I EJ7 

5 1UT 

4 nn 



4 1M4 

) ( 1A77 

DM 2101 
X l&JA 
X 1US 

5 11 90 

a t 61Ab 

OOAprt 1 2k» 

Tet*3S3 1 atfru Rrc+afi T 679 )9M 

saytgnr \m 

Tdt 353 1 «M 71 WFoc 353 1 474 0570 
w Oaki Hadgall 4 17047 

C . _. * in »J 

m fix Guiir4»ja I 4 9941 

m Gold CWTUMed a II 4 96J0 

^-22 7*60,05 

» &^MtWnMFund \ 633,'mj 

msENESEE ran ui 

■ (AJ GaragM Engle 4 232.15 

*J JF Ftr E~J ysm Tr 

a JFGWwTcmTr. 

J JP Hong Kong Tnol 
■7 JFJooonim.CoTr. 
a JF Jam Trull 
a JFjSSwTrau 
a JF PoQu Inc. Ti 
0 Jf mol fond TH 73 
4 Bortbono 
0 Cofttr 
4 EOMnerEwuW 
a ioaajr 

Ewope Bond Fund 
Donor Bond Fund 
AwJig Bond Fond 
XMn Bond Fund 
DM Band Fund 



Iwn SlocA Fvnl 
Spuiol Swm 3tea 
Jotai Stock Fund 
Damon Sod Fund 

a DoHofCosHFiovi 5 

0 FtonQiRwic Cmti FF 

0 Gvtonoi Mi A Met &F 

0 C«M Eiraw SIKk Fd AB 

r dJ isf« 

w J.B. Gomm Bond Fd DM 132.0} 

i> J.B. BMtdl Bald Fd £ 13123 

m j b. xsanbn Bond M p«b noiooo 

• J B. SMdMtl Mnd Fd 5«k 

0 J B. Dc«ar (U5D) Band Fd 4 107 40 

0 J.B iunSMfTlWFd DM IBaIB 

0 J.B Oonon EquBp Fd DM lULod 

0 J B. Inti Edunr Fd 4 150.10 

S JlSS^dV Dki isra 

0 IB. rmaiTMtana Bono Fd D*A 16933 

OB Formal Stfc D«Un Td 353 1 tr> 19U 
rn Yrn AM Houtttgi 4 11753 

m Hey GtoSal HUM S CT24 

m rdyHwosFtnThc S 20A02 

Of Man 4J1 626426017 


:sb sfc&sr"* 

m GAM Band 1 
w GAM Bond DM 
1 * gam Bond irXsoid 
m GAM Bond USXSpaOd 

• GAM Bras*} 


■> GAM CraBJWaSol 

■ GAMDtttrViT 

Z GAM ISaSE 3 ln,w “ ,,Dnt 

• GAM Emorg Midi Mit-Fd 

: gfisssr 

» GAMHUdiYleld 
a GAM Hong Kang 

■ GAM bond Trend Fd Inc 

m GAM Japan 

» GAM Uwpgailnc 
w gam Mli-Eurogo DM 


a GAM Midi U5. USX 

• gam Pan Euaeo 

m QAM Pan EiHonoan 

• GAMXdtnw 


£ 162.79 

X 559 23 
X 6337* 
X 1(656 

f 2065 

X 31056 
X 21023 

X 1 10641 

I *7 M 

DM 190.66 
X 1X526 
DM 137.12 

i iiia 

SF IS727 

f Si 1 ? 

4 521.17 

5 60121 

S 26551 
S 91622 
4 66523 

4 1376631 

SF 129.32 

0 F.U T. 1 Funo 
a FIS Til Fund 
0 4A.F.E Fd 
a LT.UB.Fund 

4 1121.95 

4 1115.16 

4 117162 

4 161959 

4 1 177 71 

X 1MS736 
X 109017 

TM no. 1623 C2 1 1 521-^7273 

RUM Ml al) SI -2677 

m Joro Fund 4 X59 

• pR Moray MarVM Fd s 1651 

«r Mdonmla' GraOlti Fd 4 5132 


• LG Aid oma Fund 5 203J 

• UG Anon Smoler Cm Fd X 70 7562 

• LG India Fund Ltd X 963 

• LG Kona Fund Pk S 5.7*2 


m Ltotd* Anwtm PattadB S 1165 

0 LOSMttSlMCaMCHF 5F 20.29 

0 LD Inaumkgy Fund SF 71175 


0 SntrwicsKi SF 601.99 

d Franco FF 67129 

0 United angaomt inland £ 13L3B 

0 Gamony SAusMa DM <72.93 

0 Souman Enope 5F 193.76 

- SF 19752 

IMOmgo Fd InC 

1 Maw, M«l 5 tar 


^S^uan SF “■ 

*290 Docx DuMn 1553-1-4702070 

GAM Enrepo Act DM 19955 

GAMOterdto DM 19(167 

GAM Tokyo Acc DM TID^O 

GAM Told Bara DM Ace DM 13654 

GAMUnMnMDMAdC DM 296.76 


0 Mwsojmncy 
0 Dojor MnStm Tam 
0 Dour Lot Tara 
0 .InjEWi Yai 
0 Paond SterOng 
0 DeottcfKi Men. 

0 DoWl Ftortn 

0 HY Euro CurmcKt 

0 5nH? Franc 

0 US DonaXnsn T«m 
0 HY Elm Cun Dldd Pay 
0 Swiss MoteaiiTtncy 

0 EuraOean LUmnn 

0 Boigian Franc 
0 aadte a 

d F^rcTi r enc 

0 Satao Frvx Snort- Tam 
a Conodtai DoOar 
0 DufOi FtoftnMudl 
a Saite Fraic DMd Par 

0 MndCKTOnean Car 

0 Dautedvmt Shan Turn DM 

0 CHF Global Botonctal 5F 

0 DoWl&ulktoSnDn Term F< 

0 BoMVComCHF-DnarfBufcig SF 

0 IA«*1 C*rr DUMnurllO SF 

0 NLG MuHcwt DIV __ R 


X 4X11 

I 29*6 

I 2329 

Y 5669 00 

i 3475 

0 GAM Global A 
0 GAM GUo □ 
a GAM iQvmrtcnalA 
a GAM MaiMSanal D 
0 GAM Japan Capital 
0 GAM Nonh Amanco 
0 GAM Aden CasflfX 
0 GAM PadBc Bciti A 
0 GAM Pocflc Bouki D 
0 GAJMcaCopiU 


XF 13.15 

i !A<7 

X 1431 

S 2470 

S 2440 

S 1QR5 

4 1X56 

5 1005 

X 1663 

X 1455 

X 1126 

m FFM tat BO PraorCHF Q 5F 7961 

m OpdradFund B 649 

ggg cottex fund management 
p G Saras Fund Ecu 1HB.13 


m G ran— QraMdEqHiyFd X 172153 

TN: £30) <65626470 
Far QSZ) 66 56 23 

LJ1 117WOO 

S 1060 

PkB 3&00 

X 722 

X S47 


X 1.910 

99 1451 

DM 820 

Lfl 1337 g3 

Y 24500 

Y 2T.00 

X U1 

X 422 

I 100 

P*» 616.00 

SF 426 

0 Mtan Urn Bon d 

Lf^R P f^° 

o AxlaPocMc 
0 Conlran tal Etfropa 
0 DsMopoq MaiMb 
v Eastern Europe 
0 Fraror 
0 Garmony 
0 WtfnaScnal 

tf LtfUiAnwiai 
0 Nonti America 
0 Nam AnNfKaSmaiar Cot 
0 Spaai 
a iMuod nnottam 

% fSk==SaHk 

SF JO. 15 
Ecu 7913 

_! jojc 

FF 20350 
SF 1021 
XF 11431 

5 vs 

SF 1142 

5mw»r Europraw Caps 
Pooh R*n 
Jepoi OTC 

Ytn 125400 
DM U«2 
DM 10.17 

0 Eureudon Bond Fond DM 1017 


m CtaraAACTWOl X 104171 


nnp//Wunkjnogaun*JiMan Fax 242-356-660 
p Tdogmmlnd&l _ _ _ ^ X 10278 

» .Yogrvm *ogr»L Grafh Fd X 15142 

u Magnum Crarw Gnmdi X ITSa* 

• Magnum Edio X 11510 

* Magnum Fold S 1*22 

» Magnum Gtadai E4. S 1232J 

■ Mognum Macro Fend S 101 » 

w Magnum IMP- Fond X 137.14 

: x 

m Mognum ftusitaFd X 169.14 

w Atagnum 5p«Ool SCuottara 5 11 & 04 

m Magnum Tact’ Fund S 95.23 

d Mog man Twto &****! 4 1C. 13 

1 S Mr ! 

: 1 1*09 

p Eanpran Focus Dollar X 13626 

1*6 MAGNUS Has Til (46} S 1 4 « M 
v Bc4Sc Gmrfn Fund DM 2151 

» BcdxcGmmFund xm isa8 


v Mctabcr lr*1 Fund 4 78.9J 

■(X525 2501-91 BWFidSO 2*1641 
1 Ametaam GfBPtt Fund 

Europeon Grauan Find 

GfcW iBmoctcbs Fund 
tadesHong Kong Fond 

4 127045 

X 64379 
X 49447 
X 1G4B3 
* 23594 

X 14934 
X 326*7 

5 1220S 

OM 6256 

4 ?2§ 


s&gsftsas 1 * * ss 

X 1265V 
X 4761 
4 13744 

5 3190 

s n .14 

1 Hi 

a IAF to* BateocodGnwRi I 28 

m Common snare* * 32064 

T 909 969 7942 /F 809 9« 8340 
m Class A X 8730 

m Mmnta Funo LDC X 27447 


4 1 

X * 


0 4ALBS Balanced A USD .1 214661 

a MLBS BOanced B CHF SF 346B57 

0 MLA9 SSfl Inc A USD _ 1 179617 

0 MLBS Ft*d Inc jl ECU ECU 19*1.18 


Z '£T**'°* 1 1 85630 

s ? 2*3 

m Harms Ttona USX Fund , 5 4»5* 

m Hame* Europeon Fund _ Ecu 


■ homrax Eavg U4S Fne ! 

m Itermn SXdtegln Fund X 

m Horrnas HncNu Fund X 1A70 

it HDBteiGisWFdnd * 

m Homtes SaWFind Ecu IfW.M 

3 KsssafS ? 

m Hams Mod Fd . 5 

3 fiEB- 5 H 

0 tttottWde EqUTY » I32fi 

0 Enrooe EqoayCBBS A XF 10560 

0 Empi EguRy Class A S 15020 

0 Ea«p*EqSv Class B SF 18.470 

a EraraaEauarCkratB X UA90 


SSSi i i£« 


X 1112 
I 11.10 

S 2172 


t 12.71 

r L ‘ 1U7 

J m 

i ns 


m tf*m*i fi«lg5ljmc^fl 5* 

n HaadM GtoBB ECO Fd Ecu 531*6 


S^Sc^SSd t » 

* u. 




X 1150 
I 1164 
t 1IJ? 

I ”S 

X 2155 

a Oats A- 1 X 94 

a CtaitA-7 4 I1U 

0 CJ966 B-l X 948 

0 aauB -2 X l la) 

0 atm A DM 1X86 

a Ctass B _ DM ISW 

0 Cfcst A- 1 DM 1X73 

J CJOtlA-2 DM ?0 Jl 

a Class B-l DM 15 TJ 

0 CfcKt B-2 DM 1687 

a CtaC£A-l 4 829 

0 OanA-2 5 10.73 

3 CtosB.1 ! i.'R 

0 Hot B-2 _ t 1659 

0 dots A £ 19.2* 

o Ckus B £ 1859 

0 OauA I 1X46 

3 Sub s U55 


O V 1650 

0 Oral Y |JM 

0 Ctass A-l S 9.77 

a CtaW 5 25.19 

0 CknsB-1 5 9J9 

a Dsns B-2 4 2404 

a ctass A X 967 

0 Ctass B X 9 97 

a LtauA X 1146 

J UauB 5 11.J5 

a Class C 4 1144 


a ■rtmam Inc 4 PtB a A 4 II _ 

a Meuan Inc S Pi* □ B I 10.41 

a Mutton Inc Pose FMCi A s 111 

0 Matxm Inc Peaa PH O B S 311 


o SanrarFraoteMRemPiA f 10 01 


0 moiiiflona IStvtw 4 1.00 

a irnXtatMrU II Shares 5 160 

a Cumasinn X i no 

a Oka s 782 

,0 Ctass B X 7 ta 

m sui o*am uvetagtd sc i6i«09 

at XMI Ouard Untevraagad SF 108144 

n s**j Frmc Cwmncy Fd SF 113352 

«1 USS GMOH Carr Fd X 111491 

m LBTemgt-d Fund 
m Mamen Premiers 
m Mamm US EMiai 
m Momm US Master 
m MonraiRuai A* Unalnar 
at Momentum AssaonasTer 

SF 108146 
SF 110352 
X 111491 

4 10873 
X 167.® 
X 103.792 
X 135561 
I 138-21 
X 2MJ22 

5 112331 

X KtaTBi 

1 1563(8 


I X 162 All 

S 166121 

X 267 872 

X 1*7011 
X 157361 
X >62.761 


•f KJ AMa PodScFo Ln 4 7261 1 


0 Liftman Cor A0> AD 4 056 

0 Mute SnutegyrO li NV B 4 1528 126 

0 MaM-Slratetjy Fd li NV A 4 1544 TH 

0 Man-Staaegy Fd nv A % I4'l » 

a Muln-4«Dtaav Fd NV B i 1140 * 

0 Prattler Futures AdYATB 4 1452 


TH:55 II 212.4074 FYB: 55 21 262 72X1 2 

0 AELEP. Fund 4 122465 Z. 

n Atomenun ImarHd 
m Morpauum MoaomD s ter 
m Matnetitum (Nnraliar Perl 
xt Momentum Pike t Pillion 
rr Momentum RomMw Fd 
m Momentum Sanaoloooa 
in Mamgnum XlDCtanosiar 
m Momernum Ttacnm PaJrors 
m Momentum Unlmrs Hedge 
m Momentum V ahtamaster 

■n Joaoiew Eavnre 
m Enraging ASomete 
n Areittog* 

» NAM Mum Hodge XF 992 

0 NAStmtOngonunihMCIA 4 12421 

0 NA SUCH OddOrturtfliMCl 8 S 97 46 

e NA FleUMe Gnatn Fd I 19862 

m NA Heags Fund S 17155 

a Nomura Jarawta I 



DM 49400* 
DSL 482.00* 
DM 25200. 
Dt» 27400 1 
Fd 1 2050* 

DM led 00* 


WIKams House. HgiteBan hash, Bermuda 
let 641 2921011 Fax 661 295-2305 
■> AixAnmagaFand X 11975 

• AIS tVcrtawtai Fund t 171.7* 

» Finsbury Grata X 301 91 

w On™#} Emerging MW» S 10X468 

• WncN Eastern Dragon S 16.01 

• Winds FfonMar X 61736 

it OHiTipn XCTSettaa } 28916 

• Dtjmda irar FF Hedge Sar FF 7791. ID 

w Dttmpia Star FF Mnged Ser FF 314123 

» wSS Otabol rktaOtogn Ecu 1)6177 

e Wtads Hldgkd16tadban Ecu 1M82* 

• Mods HUgkttt See D Ecu 19eA9* 

a WKlOLHIdatenSarF Ecu 1982C7 

a ONmpio GtabaJ Hedge S 173533 

a •Witcfc.ltera.AtoMGvBd l 2134 

• otyntom Ird AitttraB* S 1 16.33 

a Orympia Natural Rnourcei S 61946 

729 OPPSNHEIMRR A CO. INC Pds |M oral 

t Artftnge imraraftond S 13MB 

t EmergMtai BY1 li S 19004 

/ Inti Hot cm Fund I' 5 13445 

I Oopan Cardyrt tan Dd X 13834 

f ODRor inti EgulT LM X 1 19.47 

f Doper Ptrom IrrtLta S 177 69 

i Oapen imluelntl LM 5 100 8* 

a OpAgtHGUfFd-FtedlK DM 307V> 
a Dodoral HU FcxGen Sub F. DM toj H7 

• OpKgnl G(H Fa-imi Eq Sub DM 1(04X1 

73 From y Hamttan,5efTTtido B00 2*X6&5* 
a Gtwwm Rr Fteureeud I 1091 

e Opltmo AMrronto ism 5 1119 

r Optmo Emarata Fd Ud S 1503 

a Optima Fund X 249* 

» Optima Future Fund 5 2186 

m W mo Gtoool Fund i 1891 

m Dpdmo OpDOtturB* Fd UO X 21 56 

■ DfrtJmc 'Jxr\ Fund X 650 

• TfoMortmrFdUa 4 X12 

a Ki* Ptadnum Fd Ltd 4 1196 

Mil 296 3X0* 

4 2801 
X 1X46 
X 3U3 



5 381242 

4 S 4877(2 

4 85*942 

5 6 35561 

! s89B7j 

S 585532 
5 4826V 

J A aQTi 



BredfcW; (5571)2721 10tttecC55TI >5121441 
0 Eternity Fund LM X 5855498 

0 Iitteirty Fund LM X R15A943 

fl Notmtar Fund S 1795187 

9 star H>m ne(d Fd LB S 279J083 

0 ora* Kr« Ltd 4 1*4.9739 

a TraMsaarHIghVUdFd X 111J245 


a PawdAraan 
0 Panes! Aural Grsum B 
0 Panes Belgium 

Amur X 8586 

AHai Gnratti B X 80.93 

BSpB & "S3 

Europe Mid COO Ecu 18469 

K LfT 60566200 
Y 534700 
2» B Y 0174 

I Set 1186 

SF 376.75 

X 43.7B 

a I ui»L II mg jote^B ^ ^^5 


i Tp .Si! 

o pS?3 ^ NLG R 4,8 §B738 

a Nmd 4-T NLG 

S u gfcRSB3 l K f 

r BF 922900 

0 Parras? Gtabd 4 BEF BF 147tt 

0 RmoBSKif xf tea 

0 FVWHG60DOI I USD i 108 00 

0 PravtB GBbal 7 USD X 120^ 

0 Prawn GM0I3USD X 137.09 

m Pra i BoBA ite maR»a»nrMai27 X uOlTD 
a PPr A 3Y5 European Eg 4 15»9«E 

: mwssTsh n 'i.issi 

a PW C vn Eumnan X 9J595E 

> GtarsSraiMLM DM 207588 E 

m PieinorGlaDSi Bo Fa 

-* Prank* Tott Rahim Fd 
m FTHneo Fund 3 
m Ptmaa Fung fi 

0 Emraamg hut Sc TnrJ 

h Pulrcm Em .r*c Sc. Trast 
4 Puinom Hlgn inc GniAA Fd 
0 Furnom im Fund 
r Allan Dmekf-nMU 
■ Emerging Grwvm Fd N V 
e Ouantun Fund N.v 
r Ora mum indusirni 
m Duortum paany Funo 
• Guess Inti Fur#! N.V. 
a GfuOW Fund tt» 

165 RABOBANK -TH .3526575801 

I 160.00 
i 230(0 
S 219*000 
i 1*400 
i 17100 
* :ii» 
5 SL30 

BANR-TH. 352657 5801 

HcJ Fd Dufch EauUy FI 6SJ97J 

a Bubo hh Fa Duirr Bond 
a Roeo hoi Fa ii LG Casn 
0 Rnbo Hal FdSEF Cash 
a ROM SM Fa Eouny 
d Robo » Fd Fw tncontr 

H 52AM6 
R 589898 
SF 1020 1808 
FI 5*8373 


m LB HSQBj Fd * 

n Eesretn tUFOBSi 7«ct Fo 5 

a GI 0 M 1 Emorgina VUue Fd 5 

m Gukten Hjer Rind S 

a Nftiv Kama GmcTn FO i 

a PocMK AnrifnMc Co X 

a Regan SITC Pussien Dobi 5 

■ Regent Moghul Fd Ud J 

-i Rrgoffl PnOTC HOB Fd 1 

a Regetv 5 ejm auo pp j 

n Rogam Sri Lama Fd 4 

n Russm DeW Fhm : 

m Toiotti Aiatroge s 

0 UneenolAu Totem Set 3 l 

n unaenuuea An Rum Fd s 

w UndorvehKd AxarasSor I s 

a Urtaerjdued Prop m 2 4 

m BrtoTW 5 

0 PM roer 5 

0 IWIM Ttoerinv Co LM 4 

n Patg GMal Fond PVn Ptai 

- Png Gtabol Fund Ecus Ecu 

m Rap Entrag wn Hugo Fa 

e Rep G3 AM JUi rd-Cun HdOO 5 

■n Rep S3 Asset Abocmion Fd i 

a RepuOkc US Money Mothn 5 

o Republic US Rraoinc FO 5 

0 RepuNic Gkrtol Fined 
3 Rap Shod Tram H,gn (few i 

0 Rep Emem Mother Dert Fo 5 

a Rto Long Term Orel Fu Inc 5 

• 51 33 

5 5-305 

S 20 ed 

4 (J3 

X 10J8 

4 12.37 

i 157 

4 12151 

i 2*9 

KBBUEPt L LteXZV EmjKjih. 

P^i mic Poetr y Equin 
RHcunwran Edunr t 
Rep US EquBy Fund 

0 Rep US Smod Coo Equ Ji Fd 5 W*» 

a Republic Eumoeon Fnad inc D*i 109 57 

a RcpeblrC CHF Moray Monel SF I02J7 

o Repubnc Jason Enter Funo 7 106 32 

n Rapubm GMxu Hedge 1 112 05 

m Rep Mm- Adviser Am Fd ■. mf>7 

m Reg GU Special SNueOar S 9X97 

m Rep Mudi-Mmer G>Di Cult $ 11273 

a ine Hotmtooi Fund 4 3289 *. 

m Rep Muta-AdtaxerGiDI Cum i 
a IM Hatmhogt Fund 4 


Tot 11 28 67*9611 Foe 31 70475 81 SI 

* Btchcour Amenco Inc ! 183 79E 

a RldXDulT 5 seat Inc t 13*6 ME 

w PWKBUd Future UK 5 1VIC.89E 

a Ridhsurt Cigponunfts B Inc i 7072 37E 

a RiOKjonuopominm l»c S iw2j«£ 

a RJCttcsjun Opportunity 5 Inc 1 1Q7V90E 


PDB 97SJOOO AZ RdneraurrciJIrlO 22JI224 
O RG Amtftcp Fima R 259 80 

0 RG Eurapv Fund Fl 2286* 

a R-S FoOnc Fund Fr ■«* 10 

0 RG Bend Pius Fd INLDI A R 109.86 

0 RG Sana Plus Fd (NLGi B Fi iwoe 

j PG Emergma MaiYon Fd Fl 13120 

0 PG Money Hus Fd INLPi Fl 17732 

0 PG Moray plus Fo (CHF, SF 1E0OS 

a PG Money Pius Fa (USD' S 10056 

O PG Bang Plus FO iCHFY SF 10001 

a PC- Eons Plus Fa ,USC-i < I00«i 

a PD Bond Plus F 01 BEE 1 BF 1003(0 

Mon Rnoeca see Amsterdam Steels 

TIN: 46 171 240 3M) Fac 46 171 160 Ml 
n Allan ■total Hatdkgs Fd 5 «2 7i 

e Leveraged Cop Hccdingt. 5 98.(7 

rn Rostruclamdaip Holdings 5 120873 

TH 357479 34*1 F0> 152472966 
91 Enraging America Etmd X SOM 

3 Fane Cash TiwPOannH CHF SF 1097423 

0 Free Casn TrtxSMnre DM DM 10494) 

a Force Cash Traratceinei USX X lines 

n Lei com 5 28=127 

a 006- Voter SF 107559 

l 28=12? 
SF IP7559 
SF I553J9 
S IJB073 
ECO 156*01 
5 131199 

Ecu |tl 250 

SF 145 630 
X 113166 
i 9466580 
FF 9X861 II 
ECU 1167 JO 

e Prtaond Fd Hr EmorMAIs 
a Pnbutd Fund Ecu 

r Prfbond Fund us; 
a Prtaqufly FetiO Eurooe 
0 PrttduBr Funo ItetvONn 
e Prtequity Fund Lol<n Am 
a Pri-Joponua 
r Setectten Horusn 

TM -352 47916*1 Fra - 3S2 673 «•» 
a EipifT Eur Purtn. 6 iv.TN Ecu 1125 

a European sum. an Fa Ecu 78420 

a LG inn Fa AsJonGrorrtn X 1733*70 

a PnOflc Ntes Fund 4 7JI 

0 Satedra Ittwa SA 5 3*7 019 

a US BondpM S 1330521 

1 vneoae rOtano S 594423 


pi f*y DlranHled Inc Fd LM X 1452010 

e Toner Fund GwmI Bona t 10247 25 

0 Timet Fund Dtebai Eqtely S 12791W 

m Emergeig Mkl Currancy Fd 5 10146 

ni Commandot Fund 5 1 41597 16 

m E ip brer Fund 5 215250 49 


0 Eunwalnc 5 7 4i93 

0 Fvuton Osran Inc X 10975 

0 Grand Inc X 1J9IS 

a LtounedHInc 4 1J1J0 

0 vandaninc 5 15*7 j 

0 Jocon me V 85111* 

0 Mttelnc 5 11873 

0 Svengelnr St* 20217} 

0 Nardanratea me X 1 6956 

0 Sverige RonMand Inc 
d Aetestitmostono me 
a Equitr Inr Acc 
a EquKybVi tec 
0 Equov Gtobaj 
a EcMtyNa Reaeuraes 
d EquBy Jouori 
0 EqurtyNorcfc: 

0 EquBy UK 
0 Eou*y Continental Europe 
0 Eqwty Metilenonean 
a Eoujy Norm America 
d Fpr raid 

a Inti Emerging Marvels 
0 Inn Eastern Europe 

a Bona Inn Aa: 

0 Bond Inn Inc 
0 Bond Europe Arx 

a Bond Europe tec 
0 BondSMoen Acc 
o Bond Sweden Inc 
a Bond DEM Acc 
3 Band DEM Inc 
a Bard Donor US Acc 

sen ipiPOTi 
St* 11.1779 

Ho* laoooo 
Hot 1000(0 
4 154061 

4 701 IS 

! 2.0559 

5« 235*25 

Sek II 7444 

5 l«21 

X 10919 
Sek I3A407 

d Sweden EEonlsBdAco Sek 116407 
0 Semaan Fletabte Bd Inc San MAIM 
0 Shan Band USD X 1 7775 

0 5hon BOM SteadHh Kjonor So* 1522X7 
• Craonot, rMaFgnd Ul iobsjJW 
nr rwy Trend Gtetd Field LP 101JB7AO 
Fan & Future Fund 4 naji 

ElrrBsgk. Ax-41 Mrmaasmea S 73100 
rt> CancDrde lmreatmerd Fund 1 5 1 21 289 

Conajroe Inrmtmertl Fund 3 S 118192 
59WOM Flitura Pomofc 5 1195^9 

hU ra te t hlt u iimwrajacgerLconVspran 

Sograu i Fd g inHGrrh S 

seg$4 Fd q ESP 

j SStex Fd qE gn gAMn US^ 

4 114281 

5 11090 
F *5318 

. 5agekn Fd Bondi Eenpa 

0 Sogohe Fa BOMS Beiruti BF 10J7.00 
a 5ao*knFa Bands Fnnca FF l*l.Ji 
0 Sogehik Fd Bonds Gamtanr DM 3881 

tf SooMU* Fd Bonos naty L6 (221200 

o Sagetei Fd Bonds Spota PKb 158200 
a iogeAnFa Bondi UI £ 15.07 

a SonbnFd BaadxSeARM CHF 2183 
0 Sogeiu. Fd Money MM USD USD 1069(6 
O sagebn Fd Money VIM BEF BEF 50*6*2* 
a 5ageiui Fd Money mm Em feu 19.172' 
o logeknFd Money MtacnF CNF toicqs 
O 5ogeko Fd Money MM DEM DEM 705D6B 
0 Sogeftn Fd Moray MM FRF FF 196-009 
0 SagSn Fd Moray Mid ITL ITL320819784 
• SAM Brail . ^ X 

a 5AM Dtvcrsined s 

r 5AM Europe Inc X 

■ SAMrMcOarHedo* X 

■r SAMOporaieMy x 

a SAM Smnegy UU Oau X 

a SAM Strategy 5FP data SF 

a GSAM Compotte 4 

a GSAM DM CampKlte DM rovmv 

•r GSAM CHF Commute SF 12982 

0 GSAM GBP Confute C 10284 

a GSAM Money Mto USX X 102.09 

a GSAM Moray MltaSter £ 102J9 

a GSAM Money MU* SF SF 10037 

0 GSAM Mtncy HUB DM DM 10 DBS 

a GAMSAM OmDsa Fd UK 4 103 S« 

a GSAMOracI* 5 


nr Oose A X 1W887J7 

m CkEXB DM 10681431 

m Cfcfii C X 16279154 

m dau D _ DM 1*7 1250 

qt TTie Crtmte Find S 103857 

a Amenrtm Quom Funo 5 J40S 

iv Aa«n Hedg* Fund 5 441 90 

» MoCOi Hedge Fund X 3151* 


m 5R European 4 1807* 

m SR Avan X 16289 

to 5R DdHiicnonql S 1*984 

TO XP Eumpeai DM DM 17380 

m 5R Emerging X 19007 

a CunCraicoaTiNThautand s 977.73 

a AJ-Faon bllWI CO S 108983 

X 2721 

5 22.00 

X 1890 

Y 275100 

^F 10^.00 

FF 1*1.41 

DM 3881 

5 50789 

SF 319383 
AS 2S229 
CS 341.97 

{ 33 

T 1447600 

mg DiMemo im un 

DeiiKhi Itariw Dn -D&tti Kroner; Do - US 
DoflK&i ECU - European Curancy UnK; FF - 
FKnch Francs: FH • FUsh Mart: FL - Dutch 
xFloiln; im-WonaJan Ruptan; LK .Itaten Un; 
LF • Lnanoourg Ranee jFpenca; WYR . 
Mbyte) Ringga; Put - Pesraas; SGS - 
Sbteoia DoRn; SF - S«bx Franca; S«R - 
tedsti Itiwtt: Dffl - rw Baht Y - Y« 

• m " M i r ft*** ^ ■ NM Antes: 
K£. ■ ,Np >_ CawiMimatt u-NetrS- 

^to:-*0lbrPrtc 1 hKL3%preSm.ctar9K- 
* Pm axeftwiga: *4 tAinaardam udwge; a - 

atend wra*n x -m ngmiwl wtm 

layamry autharli B r mm* c>iw and oftawfl 
prte E: Bteawd price y; rate* cakuttad ! 
rite prior tapi aieaicn-.r bid price. 

'na att iBitt] teboh Indlcm tequency or 
« teWiM8 igpU^ldl.iiaartw)-o*8M;(lil. 
^wbWrffl-bnniflWy: n) . mguarty. W ■ 

wnss ugaBy; (n^ - monthly. 





Porto Vita, a targe new 
development north of 
Miami Beach, has 
attracted locai residents, 
“snowbirds" horn the US. 

northern states and 

foreign buyers who 

combine business 

with pleasure. 

On both sides of the 

Atlantic Ocean, the hooey 

real estate market is 

healthy. Perennial favorite 
locations, of course, have 

not tost then luster. 

to addition, there are new 
“hot” properties and old 
ones that are making 

a comeback. 

Pick of the Lot* 

:T * ■ 

In Central am>* vj ; . p A n i : 
Eastern Europe ’ 5 |N 

O 5 «%. 

Prestige and investment security combji& to fie I 
the market. “,r 

B oth the demand and You can’t ckw^bc^optr. 
supply sides of the ties providing, WHQraife5i;ni 
maiketfor luxury real the Alps or -wsgi> 
estate in Central Europe are footage. This bua£j 

+ 0 

?of y 

•'At'-.**'*** . 

bubbling. Largely impelled 
by money from Russia, the 
demand for high-priced ski 
chalets, metropolitan pieds- 
a-terre and villas of all de- 
scriptions is brisk, with none 
of die softness reportedly be- 
ing experienced in some oth- 
er markets. 

The supply is equally 
strong and showing an ever- 
greater diversity. To give one 
of many examples. Ham- 

footage. This buik-in scarcity 
of supply hask^foeaaiket 
for luxury real estate relat- 
ively strong,” says "Andreas 
Kippes, spokespeson for the 

Bavarian chapter of Ring 
Deutscher MpfcJer, Ger- 
many's association of pro- 
fessional realtra?. — 
This scarcity^ is due to 
simple demographic pressure 
— Germany, Switzerland 
and Austria are densely pop- 
ulated — as well as uhra- 

burg's market for high-priced strict zoning laws and restric- 
reaJ estate is featuring a new tions on the ability of for- 

profusion of striking avant- eigners to acquire property 
garde and Jugendstil (Art <m Switzerland and Austria). 

Foreign Buyers Flock to United States’ East Coast 

Even when demand outstrips supply. American property is a bargain. Europeans, Asians and South Americans want a share of the action. 

T he boom is back. After years of recession and re- 
trenchment low inflation and a robust stock market 
are luring buyers back to the real estate market At the 
luxury end of the scale, no end is in sight for the boom. Nor 
is it confined to specific areas of the country. 

“We’re seeing increases across the board in the United 
States in almost all markets." says John Weisz. managing 
director of Jones Lang Wootton Realty Advisors, a world- 
wide consulting firm. 

Mr. Weisz is advising investors to add high-end multi- 
family units Li their portfolios. He says that the condominium 
market is so strong that it has broken free of the stock market 
in recent years. 

“In general, multiple dwellings are a very favored sector 
by institutional investors.” notes Mr. Weisz. “but we make a 
distinction between high-end multiple apartments and run- 
of-the-mill ones. We think the better investment is in die high 
end.” The financial security and mobility of the aging 
population is another factor chiving demand. 

“There is a fundamental demographic shift in the United 
States that favors people 45 and over, who have much more 
money to spend on housing." he says. “These folks want to 
simplify their lifestyle” 


So-called empty-ncsters — owners of large suburban homes 
from which the children have moved out — usually want a 
smaller home or apartment and have made so much from the 
increased sale value of their current home that they can spend 
quite a bit more for their new home. 

“Whether a condo or rental, the demand is driving the 
market for faster than developers' ability to oversupply the 
market in the future." says Mr. Weisz. 

New York, Mr. Weisz says, is in a category of its own 
because so many foreigners want to buy property there. 
Miami is another city that attracts foreigners. 

If any markets are showing a slight weakness, they are 
Sunbelt cities like Phoenix and Atlanta, which built up 
quickly. “In fast-growing Sunbelt cities, there remains more 
supply than demand to rent all units.” notes Mr. Weisz. 

New York is particularly susceptible to fluctuations in the 
stock market. Currently. Wall Street bonuses are fueling the 
market to the boiling point. “We don't have the kind of 
hysteria we had before the stock market crash [of 1987] and 
the recession.” says New York broker Clark Halstead. “This 
time, it's not investor-driven. This is a period of renaissance 
in New York: People are hiring; more people want to stay in 
the city; there are very few new units.” 

Demand has driven price inflation. The prices of rental 
apartments got so high that people started to buy studios and 
one-bedrooms instead of renting them, creating a trickle-up 
price increase. 

“They have a better act now.” says Barbara Corcoran, 
who heads the Corcoran Group at Greentha! Residences. “In 
the early 1 980s. people bought with their hearts: now they’re 
taking the extra step of justifying it with their heads.” 

Ms. Corcoran also cites the “tremendous shortage of 
inventory* 1 and the “much greater number of buyers than 
sellers. In that way. it's exactly like the early ’80s.” 

condominiums. One factor is the difficulty ofrenting a co-op, 
versus the no-restrictions policy of condos. (A recent court 
case in which a mixed-race couple successfully sued a co-op 
for discrimination may change the situation somewhat, but 
New York co-op boards remain infamously secretive.) 

Families are moving into big apartments, says Joyce West 
a senior broker at Charles Greenthal & Associates/Green thal 
Residences. Empty-nesters and young couples, in contrast 
are looking for smaller, well-located apartments. 

Condos" appeal to empty-nesters and non-New Yorkers 
who want a pied-a-terre in the city. Trump International Hotel 
and Tower is one of the few new ultra-luxury residences that 
is able to capitalize on the preference for a condo. The 
building also represents the height of another trend — 
offering hotel-style amenities in an apartment often by 
combining the two in one building. 

“We can send a private chef, or arrange flowers or a 
party." says Rudy Tauscher, the building's general man- 

Nouveau) mansions and 
lofts, the latter being con- 
verted factories and harbor- 
side warehouses. 

Says Alfons Metzger, 
head of the Vienna-based real 
estate group of the same 
name and president of the 
World Federation of Re- 
altors: “Central Europe's 
market for luxury real estate 

New source 

Urban redevelopment thus 
represents tire only source of 
new luxury real estate. For- 
tunately for cities like Ham- 
brag, foe restored buildings 
currently have strong appeal 
for foe most powerful pur- 
chasers and renters on the 
market software and con- 

rw **** 

isn't undergoing any major nectivity service providers, 
changes. We're seeing, and law and accounting 

rather, a continuation of pre- 
vious trends.” 


“One of the most inter- 

Referring to foe growing esting trends is how foe 'In- 
supply of property, Mr. Met- dustrial Age romantic' has 

zger says it is “graphic ev- 
idence of how tight public 
sector and private finances 

become associated with high 
technology and how banks of 
computers and other com- 

contmue to be. The sellers of munication devices nestled 
such property are often city between red-brick walls and 

Co-op vs. condo 

In New York, the most exclusive buildings are co-operatives, 
but these are unpopular with investors and foreign buyers 
because of their all-cash restrictions and financial-disclosure 

According to Ms. Corcoran. New Yorkers today favor 

Beauty and the beach 

Miami, another market heavily influenced by foreign buyers 
(with attendant price inflation), tends to' be dominated by 
Latin Americans, who have come out of a prolonged re- 
cession of their own. 

Developers are advertising their projects heavily in 
Venezuela and Brazil to meet foe pent-up demand of buyers 
who just recently were allowed to transfer money out of their 

The Pinnacle, Porto Vita and Hidden Bay are all huge new 
developments north of Miami Beach. Buyers range from 

governments looking for a 
quick fix to improve their rev- 
enue situation, or architects 
and developers forced to raise 
capita] or pay the bills by 
selling their own homes.” 

Best panoramas 
Hamburg's recent announce- 
ment that it would redevelop 

under high ceilings has be- 
come one of foe most com- 
mon sights in our better urb- 
an quarters, says Hartmut- 
Manfred Scharf. a well- 
known architect who is based | 
in Worms. 

“There are, of course, em- 
inently practical reasons for 
this popularity. With their 


100 hectares (247 acres) of amplitude of space and their 
its harbor area into a high- ability ■ to support gren 

Continued on page IV 

end residential, office, tour- 
ism and shopping complex 
illustrates the fundamentals 
governing foe market 
“There are only so many 
A-l areas in Central Europe. 

weights, it's almost as if these 
19th-century factories and 
warehouses were built with 
the late 20th century in 
mind, "he adds. 

Terry Swartzberg 

For sate m Sintzedand near Beme 


Mom budding «mh about 500 m2 of liwna 
area, underground cai pari, underground 
iwimming pod and prry roam, fame 
pari and garden wtih aiwent trees. coom 
3*4.000 m2 d land, wary goad condihor 
berdenng farm laid and «ifloge 


Owner sails 350 sq.m, house under 
consrucUan (reduced KnottonX pool or 
2.500 sq.m . beautiful environment, 
view at vtoflB. Sft. 1.1 mlllon + fen bn 
about*. 350000.-. 

Phone office +41-22-339 3040 
Fax +41-22-839 3050 



Exquede estate, caca 1991 
featured in leading magnates. 

80 aoes, views. Tangtetnod ktosc 
FasWaJ, opera, dance, maetre. sking. 

2 1/2 hrs. NYC/Boston. £2.3 mlion. 
Cotwi 1 HMti AaeodtUB* 

Tat (13437-1088 Fat 41M37-4487 


Only 20 ton east Bantam farmer ISO* cam. 

prtoiy dmod enMy Morel 13.000 sqm 
ol grounds plonled with century-old trees. 
New roof ((5sq.m.. Interlour courtyard 
580sq.m.. separate canto tar's oafeoge. 13 
i ha at grounds Including 2.7 ho wlneron! 
produriw on AOC-uwled wfew. Meoaows 
aid woods. S800.000. 

I wfew. Meoaows 

f Near Geneva, ' 

on the region of CHvome (France), 
high dass residence of 350 
sq.m., modern architecture. 

Price: FF 7,000,000. 

Tel + 33(0) 4 SO 40 SI 81 
V Fax (0)4 50 40 80 98 y 



BeotriJ Canton M as wfldoakmg medrie r- 
renean, oxcaptoncd sbo and mounton 

Hamburg at its best 
Stadtpalais am Wasser 

For safe in Luieaen near 


views 30 teas Rawer oaport. 10 bn fa 
Span Costa Brava. 27 ha wooded site, 
garden, seduded an hilltop above unspotted 
vBage, fcswdis. cows, wreyor* Bestd- 
«ale m Franca Bta Inrrg roan 4 bed- 

Pleas* contact. 

Noner Blatter Davidolf & Fanner . 
Hans Leonz Nona re Dr . Michael 
Bolt . Sdmuencttse ■>, 3001 Berne . 
Phone ; -41 31/312 33 12 
Fat -41 31/311 fT 4*» 





restored. 3,000 sqjn. garden. 

4 bedrooms, huge faring, trine ceflat. 

Bred access shops. US$1 MHan 
Tel.; OWNER +33 (0) 1 34 51 67 00 

South qf France 
Pays Varois 

1 hrs Saint Tropex, 2 hn Monte Carlo. 

FuB charm or Provence. Villa on 
nilwjfaJmp^nabie view, 330 sqjn., 

said reody to none in. 

Fax; +33 | 0 | 142223784 

r International Rraitv 

j Indian Creek Island 
2- Acre Waterfront Estate 
Most Secire Arf.v Ln S. Florida 

Taw+Storv Li m r\ 

Wide Bu -$1500000 


1I.000SF+ 10.000SF Terraces 

Wide Baa Estate 
Neva & Romantic SI , 690JNHI 


Fix i-?05-s6?-<''Ti 


Rare, on garden level near the 
Buttes Chaumont park, an 
atelier apartment in duplex. 
11 7sq.m.. great layouL with 
100sq.m. pmatc garden and 

2 bedrooms on 1 st flew lof 
which one is mezzanine!. 2 
bathrooms. Facing south in 
greenery, sunny and calm 
Brand nexv. 

Price: FF2, 1 00.000. 


Tel: — 33t 0)1 43804602 
or 0609453733 

Only 300 m 

from the Sceaux - Robinson 
RER station, in a priviledged ] 
discnct. this early 20th-cen- !/ 
fury house resides In an 
300 sq.m, enclosed garden. ’ 

AMCCT LAKE ( Alps ) 
40 In town 



Between Etoilc & La Defense 
plus gucsi house 
about 700 sq.m. 

Superb garden with trees 
Ma ids' rooms - garages 
FEALI TeL 01 47 45 22 60 
NEULLLY Fax: 01 46 41 02 07 

IT 3 m3 Bon. 

TeL +33(0)4 68 88 33 79 
Fox: 68 88 53 82 

One of rbe most exclusive pri- 
vate buildings in the City. Built 
1896. approx. 976 sqjn tool 
floorarea. many old siilistic ele- 
ments: The beautiful and sunny 
garden is leading down to the 
wafer. For further information 
please contact: 

J.L. VtiJckers & Soho RDM 
Telephone: + 4940-32 10 II 26 
Telefax: +4940-32 10 1] 49 

Uniquely dimed chdei wifi 
panoramic view. Traditional wood 
ond stone conshudion. Inring+oom 
with panonxnic view, fireplace and 
galena. diningroom. large fcadwn 

A. I 

wA sittinq area, 6 bedroom* eodi 
with boifi or ctara and toilette. 
450 m 2 fivna space, 2 garages and 
300<Si'b*jilatrg Iona 
Please contort: 

Natter Blatter DaridoS ft. Partntt 
Hans Leons Notret or Di. Mi dud 
Bolt, Schwanatssse 9, 3001 Betne, 
Phone: 4131012 53 12 
Fax: 41 31/31107 49 


: E f NUI 

Fax: 41 31/31107 49 

’ ** ’Trere Isv*' Saji I* ie%- 
r a t, ^ . 



operty 3,800 sqjn, swimirtng 
ped-baineo. 6 rooms, 


New heating, electnclty, gas. 
floor tiles and plumbing. 

Sitting room, 
dining room, 

4 bedrooms. 

separate studio apartment 
2 bathrooms. 

2 shower rooms and 

Cellar. 3-car parking. 

IJ\UR\ r rk(>IM:RlIKS 

I N T i l i fj A 1 I O M A L 


The Classic French Estate of Rosalie and Joseph E. Levine 

Greenwich. Connecticut. USA. Created without compromise, this classic Valerian Rybar 
iKrme is an afchueaural iour-de-foxee from its sweeping staircase to the meticulously 
detailed mill work With elaborate public rooms, spectacular master suite, 6 bedrooms. 5 
fireplaces, exceptional poolhouse and more, this grand estate offers 435 linear feci of 
waterfront with a d«p water dock. A ran? treasure. Shewn exclusively through 
Jean Ruggiero. 001-203-869-9085. extension 316 

Patricia Bl . Barry . Executive VP , Luxury Propartlas International 
001-203-637-7488 - http :// 



Stunning estate an 40 acres I 
6 min. from Dijon center 
Access by airport. TGV train 
(IhiO from Paris). 
Documentation available on 
com/hlmJ/5 enJbtm 

Near St Tropez 

. . this Renaissance 

. . style casrte oSets 

* A 2 °' g °° *9 h ln 

jy need oi renova- 

C I tior and to acres 

fc pT* '4H p lamed with rare 

sa gT « . | y- M century-old trees 
jjg Surrounded with 
numerous out- 
buildings ill. M 0 
sq ft) including a 
Roman house. ’ villas, greenhouse and 
aviary Many possibilities 

ftlrati 7 place Vidor Hapi 
ft 000 GretoMe 

■VHP TeL +331014 76 47 OS 19 
Ftu tOM 76 47 67 66 

EXCEPTIONAL: iXornuod Etat 2-i tun from Lvrrai and 10 Lm [rum 1W 
31*r»®+ bower nuirHi uan4'<winnJ. 301 
aniunj: 2 ilioin- more, lounge. 5 bedrwtan. 

^ lirvplairs rnurjl b»-jiia^. .nimminp pool kjiifwfl 
l“ ft U>- - L -TO r-lalr: Urnt<-jprtt 'rounds, pi- 
■ " V ^ cn '- nuvtaLrr"- nonage. Prfrr Lo millions FF 

/ Phon« 33 10)1 13 77 4S (French SpcatoTl 

■ *** I’aijis dr Justice dr INmtoisc 


Uocation la Prairta et le Parc* in the 
town of Abletges {95). Golf eoume plus 
, L V* *|grTrfl te sevsfatcommarclal buildings with polyva- 

.■ lew use.- starting price: FF4.000.000 

S -. Deposit: FF200.000 


*■ duret-proux. aianou-fernan- 

W DEZl haese - Lawyers in Pontxse 195) 
>0^ -4 45BsiW rta i - . > 30. rue P. Butin. Tel. +33 [0)1 30 30 34 34 

IWte Frida ? Jont 13 th . 1997 front 9 to li 2 nan . 

AE8L ESTATE ADCTIAA SALE hi tbe Palais ds Jasttcc dc u 

on Thursday lune 1° th. I«7 at jp m . ONE LOT 


22-2i-2a. boulevard d lnlcermann. on about 2.700 sq m. grounds 
1 storeys on basement plus anlc, appro«mate'y I .on sqm living space’ 
automobile shed and chapel 


Contaa. Maitre AM IAUDON. Lawyer. Baneau des Haut+de-Seme 
27 bis. roe de I'Abreuvolr. 92100 BOULOGNE. Tel +ii (Oil 482* 74 14 
Maitre Olivier GR1SONI. Lreyer. Barreau de Paris 
I J. avenue du Pr-W|kon. 7S| to Pons. Tel «|| 1 4721 48 4U 
Record office of Tribunal de Grande Instance of Nantene 
Visit of premises with Maine Frederic NADIAR. baitiRat Neuilly-sur-Seine 
IS. av. Charievde- Gaulle. Tel- iui I jy 88 Q| uj 
on Monday June 0 G lb. |4Cf70;3Q till tl 10 am 

If you would like to receive further information on any of the advertisers 
who appeared in our Luxury Beal Estate Sponsored Section, on June 6, 
1997, simply complete this coupon & send to: 

The Internationa l He rald Tribune 

St Mary's Mill, Chalford, Stroud, 

Gloucestershire, GL6 8NX, En gland 
Fax: 44 1 453 886 287 


*■ *■ fuw 

r i s r -ij. 
' ■***+*+> Hi 


1. Reichspfarrer G jiLbJi. 


2. ArmecyLake 

3. Banyuls sur Mer 

4. Buttes Chaumont 

5. Burgundy 




17. JJLVolkezs&Sohns 


18. Begg, Long & Foster 

19. Ghace & Friends 

6. Gironde 

20. Cohen & White 

7. Golf d'Ableigas 

8. Near Geneva 

9. NeuiUy town house 

10. Normandy Estate 

11. Paris NeuiUy (Feau) 

12. Pans (Philip Hawkes) 

13. Pays Varois 

14. Sceaux -Robinson 

15. Saint-Germain enLaye 

16. Sainl-Tropez 

21. Fortune House 

22. Hidden Bay 

23. Island in Western Blithe 

24. Parc Somerset 

25. Pinnacle 

26. Sotheby’s Ini'! Realty 

27. Trump Inti Hotel & Tower 

28. William Pitt Real Estate 



Company: . 
Address: — 


Country — 


e-mail: — 

■ n 9-9 ltm:- — fte 


****/:*«8»r- \mm 
'-** 1 - m . t 

' *«"**** 
* nit* 



SR; OF the Lot 
Central and 

kSTERN Europ e 

\*mti unfMmrn: -w. 

K fftfc ife* tfatUOd V>:‘: 

fKS&S* fer h*Rury Ivj: 
■p iftCtlftntf fiurjjv ^ 
■if i«l^ u mqvik*,? 
Bfwn trriiff KUNiu.'ih.- 

tw iMigfe-fUKvJ >*. 

mttfCfltfrfai-. iijc^v 
El 4»j o? jK «!•■• 

Kgoi ik hnilk »*h rsi*r • 

jnpirT" ppwtoiK he ■ 

■ :L* - 

K ' ' . I* ' ''Kpi - 

-Jnomtmg m *?w: 
1«? 0i i c •- -•■ 

- teJftpk*. H.t: - 

foBiftr ft ftafermf * :r,- 
dpot ftl *ft*ton# in x\: 

KljWV Mjfr 

sUSBttUl .4. :■ 

pp^prio«Wi (urt\ - 

ilftff VftfBfcpBMC*- 

SjggE AHom Mtff..- 

«v*J offer Vtcma+uxAt*..' 

"W id' the 
uww ftfel jBhawfcnJ *?' L- 
ftofhl Mtcratett *-f 
ftw’t tCrmImI U r; - 
ppfior- far kuiv rcaicstai; 
kin unifty t r g Any «: i; v 
ftlpfe* . Vktffc 

C&* * <■' r* 

rig* vend*. 1 '-. •. 

litoftl 'to- fee jp« 

rtplyofr^^mrv Mr Mr:- 
m* opj* * •* “fr*** - •• • 

#f b** [t e™. p»— - 

«)|l' Mtl pfMfc fttU' .c 
tsammx to t* TV *Hk- 
ftftft tat nhen .-.• 

pWirtto'inHa. Mlbm hr 

jgM fo. s* wpn* c fee * -•«*" ■ 

MU* fufem Of XtMe.* 
6n^i bo’-* 
Pf<4t or pay fer bdfe f •• 

■jltwirferir .asw-lfc****' 


In Paris 

No Stinting on Swiss Quality 

When it conies to luxury, people in this coitntiy know how to build it into' every detail. 

NMWg*! tRv «m anour, ¥ - 

mm ft* t wtifei c^r 

Iftft fcm*ft t)4* *aa>i 

i fti« *«ft «** » >nH- 

«hj wjjaftnhiii ollWr 
ftfli +4 *V*V«*j? i**Wpkri- 
fffa ii rwf for Itafttmcr.**' 

lUMMifttf flftr nut4jd . . 

iVr M •«*> fc-.TTiJf . 

A J MW fee fofril i *g:y< 

Jerri M»irSK 

In this market, views of the City 
of Light make all the difference. 

B uyers of prestigious homes in 
Paris routinely expect vast liv- 
ing space, superb building qual- 
ity and a high-profile address. What can 
really make the difference when it 
■ comes to clinching a sale is a pan- 
oramic vista across the city, the Sine 
and famous landmarks like the Sacre- 
Coeur basilica and the Tuileries Gar- 

“Foreign buyers are coming back to 
■ the market and what they all want’is a 
picture-postcard vignette of romantic 
Paris,” says Philippe Chevalier of die 
Feau SL Germain agency. The Italians. 

1 English, Americans and Swiss are 
among the most active searchers. 

Visit the Marais quarter, for instance, 

■ and inspect the arcaded Place des 
Vosges. Here, you may be able to pick 
up an apartment in the Pavillion du Roi 
or the Pavillion de la Reine, which face 
other from opposite sides of the square 
across a central garden. 

Or you could try for an island apart- 
. ment on one of the quays of the Ue Saint 
Louis, with a view of Notre Dame 
■Cathedral and some of the oldest 
bridges in Paris. At night the flood- 
■ lights on the bateaux mouches tourist 
boats will light up the 17th-century 
facade of your building and add a soft 
glow to the intricately hand-painted 
roof beams on your ceiling. 

On the steep hillside that commands 
the western approaches to Paris, the 
commune of SL Cloud has a select 
cluster of single-story houses that sug- 
gest the sun-beaten expansiveness of 
1970s California more than the grand 
1 boulevards and jigsaw-puzzle rooftops 
ofthe-French capital. One of these is for 
sale by its owner for 1 2 million French 
- francs (S 2.2 million ). 

- Look out from the terrace swimming 
pool or through one of the (almost) 
ceiling-to- floor windows at dusk. You 
will enjoy a view that sweeps high 
above the treetops of foe Bois de 
Boulogne to a sunset showing a sil- 
houette of the Eiffel Tower, as well as 
foe city's domes and other monu- 

- Tight building regulations have, 
saved most of Paris from domination 
by .tower blocks. This, means that buy- > 
-eis of well-placed luxury apartments: 
' only five or six stories from the ground 
. can often obtain spectacular views. 

* Consider, for instance, the historic 
Butte Montmartre, the city’s highest 
; vafttfigff point. -In foe last century, it was 

,<s m 

A mmmm 





S witzerland has some of the most 
magnificent scenery in Europe. It 
also has fine art collections, out- 
standing restaurants and branches of 
foe world's most luxurious shops. It 
should come. then, as no surprise that it 
also has some of the world’s finest, 
most imaginative and highly exclusive 
private properties. 

“Swiss properties have high value 
because, by and large, they retain their 
value and are much in demand by 
individuals who want to be in a crime- 
free area with good schools, sports 
facilities and other amenities while, at 
all times, being close to a major air- 
port." says Denis Burrus of de Rham 
and Company of Lausanne. 

Of course, political and economic 
stability contributes to foe popularity of 
Swiss property — and to its good value 
for money, but real estate in Switzer- 
land has always been expensive. Land 
is precious here, especially building 
land near municipal areas. 

Foreigners have long been attracted 
to Switzerland as a residence, and the 
government has instituted strict reg- 
ulations regarding the purchase of 
property by non-nationals. Property is 
available, however, in many resort 
areas for purchase by foreigners. 

The rules regarding purchase in or 
near cities like Zurich. Basel. Geneva 
and Lausanne are being reconsidered 
— especially at the high end of the 

in the $10 million range and try not to 
worry’ about the cost of upkeep. 

The modem, the mountains 
Prefer something more modem? How 
about a stunning' nearly new' house set 
in foe countryside with views of the 
Jura mountains. Lake Geneva and the 
Alps? The two-story winter garden has 
a flower-bordered terrace. 

The house is built on an open plan, 
and the entrance hall, dining room, 
main reception area and staircase all 
flow into each other. 

Fifty guests would hardly make the 
reception urea feel crowded, but there is 
also a cozy sitting area and a study. 
Naturally, every bedroom has its own 
bathroom. There is a separate apart- 
ment for staff and garage space for at 
least four cars. 

If you want to live in the mountains, 
there are tew better choices than a 
residence at Le Hameu in Verbier. This 
town within a town has some of the 
world's most luxurious properties, all 
built in traditional Valais style. 

Or you can go to Gstaad. where the 
Palace Hotel has been building new 
chalets with apartments overlooking 
the village. Room service and maid 
service from the hotel are available. 
Prices? Well, as J.P. Morgan is said to 
have replied when asketi about the 
price of a yacht. “If you have to ask. 
you can’t afford it.” 

Swiss secret: bargains 
As in any market, there are. of course, a 
few bargains to be found. The catch is 
that they are rarely in municipal areas 
In small villages 15 or 20 kitometers (9 
to 12 miles) outside of town, you may 
w-ell find an older property — either in 
good condition or ready for remodeling 
— at relatively reasonable prices. 
Sometimes, large houses are available 
in these small towns. 

The Swiss are not accustomed to 
long-distance commuting and prefer to 
live near foe workplace, which explains 
why these out-of-town locations are 

Barry Edgar 

K-'?S " ' 

*. V . j urn ■ 

Largely free of higfaises, Paris itffordssonw spectacular views from Iwcuiy apartments. 

favored by artists seeking foe light. 
Today, residents include celebrities 
seeking anonymity. 

' Restored 18th-century farmhouses 
dinib up a hillside once dotted with 
small windmills and carelessly fenced 
vegetable gardens. The 19th-century 
artist Eugene Boudin — best known for 
his paintings of sedate Deauville 
beaches featuring ladies with gauzy 
parasols — used to live here. His home, 
complete with atelier, commands vast 
views across Paris and is on offer at 6.5 
million francs lAgence Immobilize 

Classical tastes 

Or maybe your tastes turn to something 
more classical. In this case, a 400 
square meter (4,306 square foot) du- 
plex on. foe. sixth and seventh floors of 
an' ultra-smart 1930s building looking 
out across the Champ de Mare may be 
exactly what you are looking for. 

The Agence Garcin is offering this 
property for 25 million francs. The 
same agency will be delighted to show 

you a penthouse on the tony Avenue 
Matignon with 300 square metere of 
terraces at an offer price of 40 million 

Another example is a 330 square 
meter duplex apartment on the Rue de 
Rivoli with views across the Tuileries 
Gardens for 60 million francs (IMF 

How about a sumptuous 18th-cen- 
tury private mansion in the Faubourg 
St Germain, from which you can look 
out onto your own walled garden on the 
ground floor, then climb to the top of 
foe house to admire the view through 
foe dormer windows in your Mansard 

The property is being marketed by 
Daniel Feau Conseil Immobilier-Les 
Belles Demeures de France. Buy this 
one and you will follow an interesting 
line of residents. Previous owners in- 
cluded fashion designer and art col- 
lector Hubert de Givenchy and con- 
troversial businessman-curn-politician 
Bernard Tapie. 

Michael Rowe 

; ^ 

■ • - • - 

v?' , - • - • 

-V ■ “v 

■ ■ • 

. .. 

* ; -s., 

K / 


A dream come true 

Nevertheless, for those w ith foe means, 
dreams can be fulfilled. How about a 
circular house built in 1802 that has 
been completely modernized, is set in a 
25-acre park and has a gatehouse, 
stables and farmhouse for staff? 

Known as La Gordanne, the property 
overlooks a lake and is but a hop, skip 
and a jump from Lausanne and only 25 
minutes from Geneva airport. 

La Gordanne is a classically formal 
neo-Palladian villa and would be a top 
choice for any architectural aesthete. 

Because of its circular construction, 
many of the rooms are oval-shaped. 

The central hall climbs three floors to a 
glass cupola. The cellar houses an oval 
winter garden and a stunning marble 
bath suitable for those whose tastes 
lean toward Roman splendor. Virtually 
every ax>m has its own fireplace. 

Just off a delightful oval morning 
room is a handsome terrace flanked by 
Ionic columns. The room overlooks the 
lake and has views of France and the 
Alps. There is also a well-kept or- 
angery. and the stables are constructed §. i; 
in a semi-circle. c f 

The price? Well, it is most certainly 
negotiable, but it would be wise to think La Gordanne is an aesthete’s dream. Wem of a lake and the Afrs come with the territory. 

— • ' ... ~ - *' \ ■; * 
T V*-* ' it A 

*■'*' -'iww. 


To Buy or to Rent in France and Italy? 

The laws governing 'property tend to he decisive factors — in addition to the perennial location factor, of course. 

The Gwendolyn Cafritz Estate 

2301 Foxhall Road, N.W. 
Washington, D.C. 20007 
10.56 Acres 

Offered at $ 9 , 950,000 

John Vardas 

3D1-S97-9681 DIRECT 


202-965-352S DIRECT 



202-944-8400 Ext. 238 

I t may be the best of times or die 
worst of times to buy a luxury 
property in France or Italy. It all 
depends on your point of view. Are 
you buying a principal residence or a 
second home? Will you be a per- 
manent resident or a vacationing for- 
eigner? Are you eyeing a new con- 
struction or a bourgeois-style tum-of- 
the-century residence? 

Christian Musset commercial di- 
rector for luxury developer Coged im. 
says this is an ideal moment to buy 
top-quality real estate on die Cote 
d’Azur. Prices at the top end of the 
market have stabilized, he says, so 
there is little point in waiting in the 
hope of finding a better bargain. 
Prices are down considerably from 
the over-inflated rates of several 
years ago and are currently “the low- 
est ever in this range.** 

As for the rental option, he says 
that there are very few world-class 
properties available to let. People 
who own such real estate tend to use 
their homes or leave them vacant, he 
says. “You wouldn’t loan out your 
Rolls Royce. would you?” he asks. 

Cogedim’s recent track record 
supports his arguments. One luxury 
project on the Croisette in Cannes 

sold out in three months, in spite of a 
67,000 franc ($11,640) per square 
meter (10.76 square foot) price tag. 
Another Cote d'Azur project in 
Menton, near Italy, is moving quickly 
at 30,000 francs per square meter, as 
are villas at the Royal Mougin Golf 
Club, an enclosed community with 
high levels of service and security. 

Buyer profiles 

Buyer profiles an? different for all 
three locations. In Cannes, 60 percent 
of Cogedim's Croisette buyers were 
French — mainly people about to 
retire, who planned to liv.e six months 
a year on the Riviera. 

In Menton. Italians constitute the 
overwhelming majority of buyers. 
These clients can be expected to use 
their properties about three months a 
year. Mougin’s golfers — including 
rriany Germans, followed by Italians, 
Swiss. English, and Dutch, as well as 
a few French — consider their pur- 
chase a vacation home that may be 
used eight weeks annually. 

Buyers have in common their af- 
fluence and an interest in new prop- 
erty (less than five years old). 

New homes mean significant sav- 
ings on the purchase price in France 

because notary fees are only 2 per- 
cent. In addition, buyers enjoy a 10- 
year guarantee on the construction. A 
property more than five years old has 
notary fees of 8-10 percent of the 
purchase price, plus caveat etnptor 
for the construction. 

The Perrissol law. passed last year, 
encourages the purchase of new 

“The law facilitates amortization 
of apartment costs if the apartment is 
then rented” explains Christian 
Bo vis of Agence Bovis in Beaulieu. 
“It was intended to lower the stock of 
new properties on the market” 

Although .the law was meant to 
help middle-class renters as well as 
builders, it is also advantageous to 
affluent investors. One -third of Co- 
gedim's Croisette buyers took ad- 
vantage of it, notes Mr. Musset. 

Italian rentals 

In Italy, there has been a tendency to 
rent luxury dwellings in recent years, 
says Giorgio Vigano, whose 
eponymous agency represents 
Sotheby's in Italy. "But the laws here 
are still an impediment,” he says. 

Rentals are very attractive for ten- 
ants because laws have traditionally 

favored them over .die landlord; j I 
Rents are set by law and are hard to « \ 
raise, and it is difficult to evict a ! \ 
tenant even if the rent has not been * 
paid for months. . \ 

Five years ago. a law was passed ’ 
enabling landlords to rent out prop- ! 
erties at closer to real market prices, 1 

provided that certain conditions have > 

been met. 

According to a spokesperson for • 
the Milan-based law firm of Dobson ! 

& Pinci. the market has reacted pos- ■ 
itiyely to the change. Mr. Vigano 's * 
agency offers buyers — about half of ? 
whom are not Italian — Wp Hideal-j 
ing with architects and rcnovatkm&asl 
well as with legal requirements. ' j 
: The market today is better than itj| 
was a year ago for sales, says hfcfi 
Vigano. and at the high end they haveS 
stabilized for the first lime in she* 
years. While luxury apartments 4 ^* 
town are fiat, by the sea “things 
picking up for really good properties, , i' 
villas rather than apartments, with a 
superb view and a location right on 
the waterfront. ” These are often ren- • |*i 
ovated properties in ultra-exclusive ' i| 
areas such as the Costa Smeralda in 
Sardinia. Portofino on the Italian 
Riviera or Venice. Cbtudia FlisT. * 

Hor: Till a 


Tin: First & Only 5 S tar 
Condominium on Miami Bi acti 

\ ill slnty Ionov with She amonitii". ut ,1 . 

I'l.inJ U".mU I vi’n : At > Ivdioom it'Cilauv ./ll'i ''j.! 

\u'vw horn Si'll, iMO (o , J j.. 'i 

ova S million. ih'oluT 1 * ucKomco. z ® L . i ^ 

l oil Mi. iMKlncmy. Ml -. aOMI^-SM’iII 

Washington D.C 


Veiy large, new condominium residences with 
panoramic terrace views.Superb services. Swim, tennis & 
health club on gated 18-acre preserve in exclusive 
Chevy Chase. From SSOCs to over $3 million. 
Pardoe Real Estate Inc., exclusive affiliate of Sotheby's 
International Realty. 01 1-301-657-9494. 

Adirondack Paradise 
on the Bay 

■ |' V" fr* -• 'IP 

' - 

M '-jiiimi 

> U .IBL* 

Miami's famed Bbxckell Avenue. 
Bax views. Low $100 i s. 

The affordable luxury condominium 
with the most coveted downtown 
address. Perfect for visiting executives, 

Pied a terre, income opportunities. 

Call 01 1-305-373-8882 uromi. from*, t* rmch. 

Developed by Terrcmark. 

North Fork, Southold \ 

Long Island, New York 

Secluded compound. Massive 1930*8 
Adirondack lodge. Extensively renovated. 
Beach and deep-water dock. Six private 
acres minutes from the Hamptons. 
Brochure and video available. Spectacular. 

■ - % t- 


[ Chace & Friends 1 ™* 

v » ■ 1 1 e i « . t • llc J 203-861-5804 fax 

Strategic Marketers Worldwide Equal Housing Opportunity 



Never before, and never again, have residences been 
available so /ugh above Central Park West. 

These hnmes- in rhe 4^' are as breath takinc as their views. For those who seek to 
nind themselves wirh the finest of everything, there may never he another 

This contemporary landmark ofteis its residents a spectacular location; Jean- 
Genrges, the new sijjnamre restaurant of New York's most celebrated chef, 
Jean-Georyes Vonyerichten; and an unsurpassed array of services and ameni- 
ties including an extraordinary, state-of-the-art fitness center, with an indoor 
swimming pool, saunas and steam room, and a full service spa. 

The residences at Trump International are now ready fur occupancy, 
and are priced from $9] 5,0C0 to $3,100,000. The Penthouses arc priced 
from 55,400,000 to $8,375,000. 

The Sunshine Group, Ltd., Exclusive Marketing and Sales Agent. 

One Central Park West, New York, NY 10023 

{212)247-7000 fcx(212)664-193 6 Y m 

Broker Pnrticipnoon Invited. 

For Hotel reservations call: / ' 

(212) 299-1000 or (888) 448-7867 

, m 





Ocean. Bam Beach. 
And Underpriced. 

The best selling waterfront condominium in Miami's famed Aventura 
community has everything but high prices. 

Marina, golf, spa and tennis. All in a 24 acre gated preserve on the bay. 

With Miami's best shopping next door, 
it's no wonder buyers from around the world have made this Miami's fastest 
selling address on the wafer. Now under contrudion. 1 , 2 & 3 bedroom 
residences priced from $200,000 to over $600 000. 

Ca:l 011-305-918-9988. Brokers welcomed. 


R U M P 

E t ; o n a l 
r 1 r ' 7 3 » e R 

. I. N 7 '• XL r Mil. V; ESI 

tVvipul t ^ The Trump i trejnearan. The lufanthCtapinji jnd General Eleanc Tcnaua Trust 
Thfoimritie k4*rr*t;irnift.OTin jt Onm? ftm jybLiHc ln«n thrSfiroje. 

ttV ip.’ [tLiIffd to the Lvli jnJ rforr 7 jvJty for dn J unt re nr of eqral kvime a f^ x ‘ 
Qtnn tftnujhmn dv .Va&m Tt-r .iKiwug}.' jvl iMn an ^jawm ntnanonj; and minn- 
nv;/n*nnim m irtueh rhae jm no hotumi uKanms BAttunj because af raa. oJnr, rtbfim, ra, 
fmnJuop, (jnnSaJ stw or Hound rmffti. 

- a* j 

^ v 


i.lvV. . 

Afs'D Italy? 


i Sfh- •- 

ii/jrw f‘ m * . 



*31.1 S 

— • 

. ' O? • .' 

l^tr. *■. ■ 
*■. L** *-*"T 
W ’. 

A-ft- "" 

• .r3c ■.£*.-■ ■/.’ 


’ - t K*7 L f ' 
■ • • 


.* ;* ■ 


• -. • - .utr^ r 
it ■-. *- v V 

Auction Houses Are Major Players 

Customers of Sotheby’s and Christie’s want one-stop estate shopping for houses and their contents . 

Adirondack P; 
on the Ba 

What’s Hot: The London Market 

Prices ate moving upward, and the boundaries of prime teal estate are moving outward 

Sortb fork, Sou 

/.5Hf / 1 farui, S r . 

Sr winded utar.i|R»u::ii 
AvlitfmXtxk I* Mr:: 

iiruJl and ilrrp'iarjsr! >:• 
aw if* ttuitufo If Min • 
Bt«fJhurc jiuividcM AVJjj.i 1 


i i : •• • •) ;■ 

-rr:. a Lui - - " A * : 

' d; 

' I I - 

E arlier this year. The 
New Yorker magazine 
concluded that Lon- 
don was the “hottest" place 
in the world, and Tatler, Lon- 
don's top society magazine, 
reported that properties at £ 1 
million (SI. 6 million) had 
virtually disappeared from 
die London market, leaving 
dozens of customers high 
and dry. 

While London did not go 
into mourning for the poor 
little homeless rich, the re- 
ports were taken as an in- 
dication of how stretched 
London's luxury market has 
become. The main side-ef- 
fects are a branching out of 
London's prime area into 
some inner suburbs and an 
jnprecedented boom in new 
building in the capital. 

Large center 

the world takes another 
ook at London and likes 
A-hat it sees, property prices 
in central London continue to 
soar, with rises of around 8 
percent recorded by agents 
Savills since the beginning of 
1 997. The definition of “cen- 
tral London" is also becom- 
ing more flexible: Prices in 
Battersea and parts of Dock- 
lands. for example, are rising 
as last as those in Belgravia. 

Saxills’ latest survey 
shows that enormous demand . 
from buyers all over the world 
and an acute shortage of prop- 
erty on the maiket is a heady 
combination for house prices. 
Yolande Barnes, head of re- 
search at Savills, says the fig- 
ures represent an increase of 
19 percent since March 1996. 
Even more striking is her 
analysis that if the trend con- 
tinues. the total for 1997 will 
reach 35 percent — the 
growth rate last seen in the 
line 1980s. This forecast is 
well ahead of the national fig- 
ures for Britain as a whole, 
which predict no more than a 
7 percent rise year-on-year. 
The findings are con- 

firmed by London Residen- 
tial Research, which found 
that more than half of all new 
homes built in central and 
inner London are being 
bought by foreigners. The 
presence of international 
buyers ranges from more 
than 75 percent in Kensing- 
ton and 70 percent in West- 
minster to 40 percent in Is- 
lington and Docklands. 

London Residential Re- 
search Director Geoff Marsh 
predicts that the enormous 
imbalance between supply 
*md demand will continue 
“over a 1 0-year horizon." 

In the new building mar- 
ket. 35 percent of buyers are 
from East Asia, mainly Hong 
Kong and Singapore, and 
many developments are sold 
sight unseen. In the second- 
hand luxury market. Far 
Eastern buyers make up only 
7 percent, as do buyers from 
the United States, while 
Europeans (including East- 
ern Europeans) account for 
14 percent and people from 
Africa (mainly Southern 
Africa) and South America 
for 8 percent 

Buyers are also getting 
younger. People in their 40s 
buy 42 percent of the prime 
London real estate, but 
thirtysomethings have taken 
a remarkable 30 percent For 
new developments, the av- 
erage age of buyers is even 

Going fast 

In the crush to grab what little 
becomes available, 93 per 
cent of all private homes 
completed in 1996 were sold 
before the year ended; many 
were reserved before com- 
pletion, some even before 
building began. This' is 
something the London mar- 
ket has not seen for nearly 1 0 
years, and it is accompanied 
by some alarm about the re- 
turn of some pressure-selling 
techniques that resulted in 
disappointed customers last 

time around Some de- 
velopexs are holding back on tablishing what is definitely 
construction while waiting an outer suburb as part of 
for prices to rise further oth- . London's “prime" market, 
ers are marketing their proj- While London’s tradition- 
ects in the Far East before al prime areas — Belgravia, 

they start building. • 

In most areas, house prices 
are rising faster than those for 
apartments (23 percent for 
the past 12 months for the 
former compared with 17 
percent for the latter). In Bel- 
gravia. house prices rose by 
] 4.5 percent in the past three 
months. In Chester Square 
(where Lady Thatcher lives) 
a 59-year lease on a five- 
bedroom. four-bathroom, re- 
cently refurbished house 
with extra staff accommoda- 
tion is on lhe market at £3.5 
million. In December, Savills 
would have recommended 
an asking price of £3 mil- 

In Courtfield Gardens. 
South Kensington, a new 
two-bedroom, two-bathroom 
flat is on offer at £355,000. 
whereas similar flats were 
being offered at £325.000 in 
December 1996. This is an 
increase of 8.4 percent since 
the end of 1996. 

Stretching the boundaries 
Scarcity in the center is push- 
ing out die boundaries of 
London’s “golden zone” of 
top property prices. A two- 
bedroom, two-bathroom flat 
at Bishops' Wharf in Bat- 
tersea (south of the Thames), 
which could have sold for 
£210,000 last December, is 
now selling for £245.000 — 
an increase of 8.6 percent 

A Wandsworth Common 
house on Elsynge Road 
(even farther south of the 
river) that was sold for 
£488,000 in early 1995 was 
resold last November for 
£585,000. Elsewhere in 
Wandsworth, a property that 
sold for £210.000 in late 
1994 is now being offered at 
£320,000. The Knight Frank 
agency has just opened its 

Chelsea, Knightsbridge and 
Mayfair — remain at the pin- 
nacle. with house prices up 
between 9 percent and 14.5 
percent this year alone, new 
areas are coming up fast 
Apartments at St Katharine- 
by-the-Tower have increased 
by more than 10 percent 
Hampstead apartments by 9 
percent and Wapping/Lime- 
house apartments by 8.9 per- 

In Docklands, where 
prices fell by some 50 per- 
cent in the early 1990s, die 
recovery is showing itself in 
very high percentage surges. 
Die Ballymore developers, 
for example, have just com- 
pleted a luxury development 
called Dundee Wharf: die 
apartments are now being 
snapped up. 

Mira Bar-Hillel 

T he world's two leading fine-art auction houses have 
brought their cachet resources and client rosrers to the 
real estate arena. 

Sotheby's International Realty (SIR) and Christie’s Great 
Estates ( CGE) both deal in the high-end properties one would 
expect from such venerable names, but they have taken 
different approaches to entering die market 
Founded in 1 976, SIR owns and operates eight brokerage 
offices in the United States. Overseas, SIR coordinates 
activity through Sotheby's offices in Europe and Asia. SIR 
has established a network of 185 U.S. brokerages and 16 
affiliate companies overseas. The affiliates are independently 
owned real estate firms that enable SIR to call itself “the only 
brokerage and marketing concern with a physical worldwide 
presence." The relationship is transacrional-based; that is. the * 
local affiliates sell the estates using SIR s access to clients | 
and marketing services. | 

Until very recently, the firm grew from within. But four ® 
months ago, SIR completed its first acquisition, a local real 
estate firm in the Hamptons. 

“Several other acquisitions on are on the drawing board." 
says Managing Director Stuart Siegel. SIR is making its 
decisions according to “very definite criteria based on the 

Great Estates 

Christie’s, on the other hand, began by acquiring an already- 
existing brokerage firm. After massive research on how to get 
into the real estate business, the auction house bought Great 
Estates two years ago. Founded by Kay Coughlin, who now 
heads CGE. Great Estates was based in Santa Fe, now CGE's 
headquarters. Like SIR, CGE maintains affiliate offices 
associated by contract but CGE does not have its own 

“You can’t be expert in 1 00 local markets without working 
with someone local," Ms. Coughlin says, adding that “some- 
times a client may want Chritfie’s to take the lead and get 
more closely involved.” 

The contents of the property, for example, may have to 
remain intact until the sale. Or the client may not want the 
property listed on the local market just the national mar- 

Even so, a local firm still acts as the on-site broker, but 
CGE brings its own resources to bear on the property’s sales 
value and venue. Currently, CGE is trying to sell a property in 
the French Alps to British buyers after making an analysis of 
the most likely market 

Client requests 

Both auction houses began their real estate divisions in 
response to demand from fine arts clients who wanted one 
auction house to handle an entire estate — from jewelry to 
homes. Die most visible current example is the estate of 
Pamela Haniman, the U.S. ambassador to France who 
passed away in February 1997. Sotheby's sold her famous art 
collection, as well as the contents of her homes in Paris. 
Washington and Virginia, for $8.7 million. 

In addition, the Sotheby's auction house provides highly 
visible offices for the real estate division. “Goodwill and 
visibility in the marketplace take a long time to build up," Mr. 
Siegel says. "Because of who our parent is, we have a shared 
client base, a recognized brand and cross-marketing syn- 

The Christie's division may be much newer, but Ms. 

Foreigners Flock to U.S. 

Continued from page I 

locals who want to live near the beach to 
“snowbirds” who winter in Miami and for- 
eigners who use Miami as a location for 
business and holidays. 

Prices range from $125,000 to $2.2 mil- 
lion per unit — cheaper than at home. 

“Prices are so much better here than in 
South America, Europe or Asia," says Phyl- 
lis Apple, spokesperson for several Miami- 
area development projects. “It’s cheaper to 
live in Miami Beach than on the French 
Riviera or in Brazil. Fora beach location, it’s 
definitely cheap." 

Access to high-end shopping malls also 
attracts foreign buyers. And despite a few 
well-publicized incidents. Miami remains a 
haven of security compared to their home 
countries for some buyers. 

A look at safe investments 

Because of some well-publicized bank- 

ruptcies after Miami ’s bust, buyers m today's 
market tend to be gun-shy about de- 

"Every client always asks: who is the 
builder, and is it a safe investment?” says 
Hidden Bay’s Phil Spiegelman. 

Fortune House, near Brickell Avenue and 
Biscayne Bay in downtown Miami, rep- 
resents the return to the market Popular with 
those who need to be close to Miami’s busi- 
ness center, the building is divided almost 
equally among Brazilians, other Latin Amer- 
icans and Americans, with a smattering of 
Europeans, according to Fortune House's 
Perla Garcia. More than 40 percent sold in 
less than six months. 

"Brickell went away after the crash,” says 
Ms. Garcia, “But it’s picking up. Banking 
and financial institutions are more global- 
ized. They’re more cautious than before, but 
they're always able to buy better property in 
the United States than anywhere else.” 

Steve Weinstein 

in Mom'* famed f- 
fat* high 
e24ecre - 
md dow 

w w*U hcMi mat* ^ 
w idhr l hmtf wd ie n 1 . 2 * 3 
XXMBOlowtr S600 A>- 

Wi Iwetati wel c o m ed 


N.Y. Brownstones Make a Comeback 

What used to be drawbacks — such as a door leading to the street — are now viewed as strengths. 


^buBdbgswBh a* fte mmS&s show a modem way of living. 

n the contemporary era. 
New York has been a city 
of apartment dwellers; 
perfiaps in no other Amer- 
ican city does the apartment 
so dominate the high end of 
real estate. Now. however, 
that is changing: As more 
and more families opt to re- 
main in the city, the wish for 
privacy and spaciousness has 
induced many to reconvert 
brownstones from multiple 
dwellings to private homes. 

The prices for private 
homes reflect this trend. The 
average sale price of a Man- 
hattan townhouse is an as- 
tronomical $2.22 million, ac- 
cording to Clark Halstead; 
monthly rent averages 
$16,100 — or $193,200 per 
year. This represents an in- 
crease of 27 percent since 
autumn 1994, versus a 20 
percent rise in apartment 
prices since that time. 

Despite this, until very re- 
cently, the price per square 
foot was actually lower than 
(hat of apartments. The rea- 
son for foe disparity was the 
perceived difference in se- 
curity and services. 

In an apartment building, a 
phalanx of concierges, door- , 
men, porters, security per- 
sonnel, maids, superintend- 
ents and maintenance 

workers wait on residents. In 
hotel condos such as the 
Pierre or the new Trump In- 
ternational Hotel and Tower, 
owners can come home to 
find their refrigerator fully 
stocked or their theater tick- 
ets waiting for them. 

Homeowners, of course, 
are on their own when it 
comes to services. In addi- 
tion, most houses are mul- 
tilevel, limiting access to the 
elderly or people with dis- 
abilities. And very few 
homes have private garages, 
which are as “scarce as hen’s 
teeth because very few were 
built with them to start with, 
and it’s almost impossible to 
get a curb-cut permit" from 
foe city, says Clark Halstead 
of Halstead Property Co. 

“Until the last few years, 
people thought only of the 
downside," says Barbara 
Corcoran, who heads foe 
Corcoran Group at Green dial 
Residences. Nowadays, she 
add, “townhouses have cer- 
tainly come into their own.” 
She cites foe lower price — 
30 percent less than a co-op 
and 40 percent less than a 

Although houses offer less 
light than high-floor apart- 
ments, most have a garden 
and de tails such as bay win- 
dows and inlaid mahogany. 
Furthermore, with New Yoric 
now perceived as safer, what 
used to be a disadvantage — 
a door leading to the street — 
is now a plus. 

Finally, New York hits 

homeowners with much 
lower property taxes than 
other places. A $1 million 
homeowner in New York 
City may pay only 1 percent 
of the value in taxes, much 
less than in the suburbs. 

There are only 900 town- 
houses in Manhattan below 
125th Street, according to 
Mr. Halstead, and virtually 
none under construction. The 
rental income from homes is 
much greater than apart- 
ments because of the large 
number of rooms and square 
footage. Ironically, those in 
foe best neighborhoods may 
be at a slight disadvantage 
because most have been 
landraarked; this can make 
improvements cumbersome, 
if not impossible. S.W. 


OF 960 Sg.M. 

Mere a wonderful vfew of the lake. South exposure. 
Magnificent park. Summer /Winter swimming pool 
Exceptional amenities including an anti-atomic bomb 
shelter for 20 people. 

Price; SF 13,700,000. 

Serge Bon amy 

5 • Telephone +33(5)1 42889000* Fax: +33{D) I 405012 12 


17th, CITE DES FLEURS, deflglfr 
y Napoleon III folly, ASM) sq.fl on 
a sunny garden, triple reception 
room, vast artist's studo, Sbed- 
rooms. Private street ot townhouses 
with gardens. FFWHXI.OOO. 

15th, CLOSE TO 7th, delightful 
smal modernised house of 1.300 
eqJl with large reception room 
opening onto a sunny; quiet gar- 
den Mtfiout being overlooked. 4 
bedrooms. Penod fireplace. 

FF4 I 3O0,QO0. 

Philip Hawbes 

Itel +33(0)1 42 8811 11 

For the discriminating buyer fancy a secluded villa in Tuscany? 

Coughlin says, the company's motivation “wasn't neces- 
sarily to compete with Sotheby’s." She nevertheless cites 
very similar client demands for foil-service estate deposition. 
“The executors wanted one-stop shopping." she says. “They 
wanted foe expertise of Christie's to handle everything for 

Back at the ranch 

Both auction houses have made themselves felt in the world 
of high-end real estate ( properties average over $1 million for 
bofiTfirms). SIR has branched out to undeveloped property, 
ranches and even farms. 

Mr. Siegel maintains that CGE, which mainly serves as an 
international marketer for its network of brokerages, is not as 
“hands-on" as SIR, but both firms are becoming dominant 
players in the world of expensive property. 


‘-Luxi'RV Real Estate" 

mus produced in its entirety by the Advertising Department 
of ih e International Herald Tribune. 

Writers: Mira Bar-Hillel. based in London: 

Barn' Edgar, based in Lausanne. Switzerland: 

Claudia Flisi. based in the south of France: 

Michael Rowe, based in Paris: Tern' Swartzberg. 
bused in Munich: and Ste\-e Weinstein, based in New- York City. 
Program Director: Bill Mahder. 


in the middle of 
Western Europe? 

Are you looking for an already bum-out, personal, family 
oncf/or corporate "Home-Base’ located In toe heart 
of Western Europe? 

Would the Ideal (for youl be a country-estate property 
which combines toe ultimate In OW World Charm 
with the ultimate in New World functionality, 
amenities and Miastwcturo? 

What would describe "the Wear, for you? 

Would It be located within a one hour’s drive from Bonn, 
Antwerp, Brussels and Luxembourg?... 

Would It be located within a three hours’s drive from 
Frankfurt, Amsterdam. Calais. Parts and Euro-Dbney? 

Would toe principal "Ota World Features" of the property 
Include □ completely restored 37 room Chateau 
and an 18 room Pavilion de Chasse (both with 
indoor, heated, marble swimming pools); Guest 
apartments located tn a separate bufldlng. a 200 
year old Manicured Pork, private deer habitat. 
world- doss Indoor and outdoor tennis courts, and 
your own 9 hole/ 1700 yard golf course, plus fully 
equipped gymnasium, formal outdoor 
entertainment poviflon, croquet court, end gardens; 
ponds, fountains, topiary hedges, hand-laid 
masonry drives and pathways etc. Office faculties 
and access discreetly separated from residential 
spaces and faculties? 

Would the principal ‘Now World Features" Include: toe 
ultimate In functionality, amenities, and hl-tech 
Infrastructure such as: dual (110v and 220v) 
electrical power supply systems. Fiber Optic cables 
and intra-property TV cable and dJgffal telephone 
systems connecting (underground) toe Chateau, 
Pavilion de Chasse, Office complex, and toe guest 
apartments which grace toe property; A "super- 
quiet*. superbly engineered. Chateau Air 
Purification system (down to 1 micron level), Air- 
Control. Conditioning and Humidification systems; 
Mufti-zone sound systems, saunas, steam showers. In- 
to e- floor hot water heating, high pressure water 
systems; Chateau and apartment building elevators. 
Helicopter pad and hangar (heated); A property 
perimeter that Is fenced, gated, and electron Icatty 
secured, etc,? 

Would there be an efficient, motivated, end multilingual 
(French, German, ft English) staff atieady in pkxe, 
who are already trained and experienced in all 
aspects of maintaining and operating toe property? 

Such-q aropertv-ctoes exbfc B_has_been under Intense 
restoration and development for the oast nlno- 

Although this property Is not a n bland with water around 
It. - It S a 65 acre island at security, privacy, charm, 
f un ctionality, and luxury, - located In the very heart 
of Western Europe - with already developed and 
operational amenities. Intrastructure, and 
experienced staff- capable of supporting a quaSty 
of life and a standard of living. - rarely found 

The owner Is re-locating to Asia, and Is anxious to sell. 
Sellng Price Is substantially betow botii replacement 
cost and owners Investment to date. Price, 
brochure, and video are available. Agents and 
prospective purchasers are Invited to contact 
owner via 

Fax at 1-345-945-5369. 

(Requests tor contidenttoaty wW be respected.) 


PAGE 20 

ICeralb^feferib unc 



World Roundup 

Alphand Retires 

skiing Luc Alphand, who won 
the overall World Cup title this 
season, said Thursday that he was 
retiring from siding and passing up 
a chance to win an Olympic title. 

Alphand became the first down- 
biller, and the first Frenchman in 
nearly three decades, to win ski- 
ing's overall World Cup title. 

Alphand, 31, made his an- 
nouncement in a news conference 
at his agent's tent at the French 
Open tennis tournament. 

“I have decided to end my ca- 
reer,” Alphand said, “It wasn't 
easy for me. Eighty percent of the 
people want me to continue. 

"This decision was taken at first 
for me, for my family and my chil- 
dren. I was worried to leave my 
family alone, especially with a third 
child expected. (AP) 

Australia Collapses 

CRICKET England bowled Aus- 
tralia out for just 1 18 runs on the 
first day of the first test in Birm- 
ingham. England then reached 200 
for three wickets at close of play in 
its first innings. 

Australia won the toss and batted, 
but then collapsed, losing its first 
seven wickets for 34 runs before 
Shane Wame and Mike Kasprow- 
icz, two spec ialis t bowlers, added 
36 for the penultimate wickeL Eng- 
land's three fast bowlers took the 
wickets, led by Andy Caddick who 
took five for 50. 

England then lost its first three 
wickets for 50 before Nasser Hus- 
sein, who finished on 80 not out, 
and Graham Thorpe, 83 not out, 
took control after tea. f Reuters ) 

Fans Attack Players 

suffered a fractured skull and sev- 
eral teammates were seriously in- 
jured when fans of a rival club 
boarded the FC Porto team bus after 
a game in Lisbon and attacked them 
with clubs, rocks and tear gas, the 
police said Thursday. 

Filipe Santos underwent emer- 
gency surgery for head injuries and 
Pedro Alves suffered two fractured 
ribs in the attack, radio reported. 

The incident occurred Wednes- 
day as the FC Porto bus was leaving 
Benfica's Stadium of Light after a 
game that ended 3-3. (AP) 

Albert Agrees to Samples 

BASKETBALL The sportscaster 
Marv Albert has agreed to provide 
the authorities with hair and blood 
samples as they investigate charges 
that he bit a woman and sexually 
assaulted her in his hotel room in 

Albert, who is continuing to an- 
nounce the NBA playoffs for NBC, 
has been indicted on charges of 
forcible sodomy and assault (AP) 

Seles Loses to Her Heir: 
A Steady, Intent Hingis 

fri oh’*' l} ! ‘ 

It *" lh ■ 

By Ian Thomsen 

International Herald Tribune 

PARIS — In a French Open semifinal that 
begged for computer simulation. No. 3 Monica 
Seles, the former prodigy, was beaten by No. 1 
Martina Hingis, her modem heir. 

Of much greater interest than Thursday’s semi- 
final would have been a meeting between the 
Hingis of today and the Seles of yesterday. One 
watched Hingis winning their semifinal, 6-7 (2-7), 

Fuihch Ohh Tenuis 

7-5, 6-4, with the understanding that she has yet to 
experience the difficulties that the teenage Seles 
would have presented, before the right was 
knocked out of her. 

Hingis, the 16-year-old Swiss, will attempt to 
continue her potential Grand Slam run Saturday 
against No. 9 Iva Majoli, who beat No. 11 Amanda 
Coetzer of South Africa, 6-3, 4-6, 7-5. Coetzer had 
knocked out the defending champion. No. 2 Steffi 
Graf, in the previous round. Majoli, 19, fighting a 
bad cold, will be the first Croatian woman to 
contest a Grand Slam final. 

This was Seles's first s emifinal here since 1992, 
when she went on to win her third consecutive 
French Open title. Not quite a year later, she was 
stabbed in the back by a German fanatic at a 
tournament in Hamburg. Seles did not play again 
for more than two years. Now 23, she has won one 
major tournament since, the Australian Open last 
year, her ninth Grand Slam title. Hingis has won all 
four of their meetings. 

“I don't have the strength and intensity of the 
strokes that I used to have, 1 ' Seles said. “I'm 
missing way too many shots that before would just 
go in, that consistency. Martina had that con- 
sistency through the match, especially at key 

Hingis has been working on a comeback of 
smaller dimensions. After falling from a friend’s 
horse, she underwent arthroscopic knee surgery, 
missing seven weeks before making her return at 
this tournament During changeovers Thursday, 
the two players sat in large chairs pulled a safe 
distance away from the stands. Behind them se- 
curity men in black suits stood in the front row. 

facing the crowd, statues in memory of the 
Seles used to be. Hingis seemed oblivious to all of 
this, which is no criticism. At her age, she must feel 
indestructible. Even her current winning streak of 
37 matches — 40 including the Hopman Cup — 
has withstood her recent injury. Hingis has won 
every tournament she has entered this year. 

“I don’t feel in good shape anymore," said 
Hingis, twice a junior champion at the French Open. 
“I was kind of almost shaking because I didn’t want 
to lose." She rated this semifinal victory bigger 
than her championship at the Australian Open in 
January, when she replaced Seles as the youngest 
Grand Slam singles titleist of the century. 

"I didn't know what to expect from myself from 
this tournament," Hingis said. "If you say that 
after six weeks, after the surgery, making the 
finals, I would say, ‘Thank God I could play and 
compete at this tournament.’ ” 

Seles and Hingis broke each other all but twice 
in the first eight games. There were times, es- 
pecially in the first set, when Seles would achieve 
her old rhythm and drive Hingis out of the point 
But it didn't last She would stand in her old 
hunched pose with both hands around the racket 
Iflra a water-skier waiting for the boat to launch; 
she would even gasp in the old grunting wav. But 
she couldn't run down shots tenaciously, as Hingis 
was doing now. All of these problems seemed 
insignifican t in the absence of Seles's father, Ka- 
rolj Seles, who has been at home in Florida un- 
dergoing treatment for cancer. 

In the 10th game of the second set having 
fended off two break points and about to gain 
deuce, Seles slammed a full-swinging backhand 
volley into the net That gave Hingis the break and 
allowed her to serve out die set. She broke Seles in 
the third game of the final set and permitted the 
former champion only break point on the way in. 

“The way Martina is playing is just amazing 
tennis, not just for this tournament but throughout 
the year, the consistency she has shown and the 
way she plays," Seles said. "Martina is really 
good everywhere. She doesn’t have a weakness 
that you can say, ‘O.K.. if I do that. I'll win the 
point.’ She’s tough mentally, she’s very quick, just 
good everywhere.” 

She knew this verse well; her own opponents 
used to repeat it constantly. 

V- MS-* 

•• 'MRsae b*| 

Enc FefotelBf Agcnw Fun-Pnt 

Martina Hingis serving to Monica Seles during their French Open semifinal Thursday. 

Inter and Ronaldo: It’s All but Signed 

CvwpM hr Our Slag Fnui Dhpaarha 

Massimo Moratti, the Inter Milan 
president, said Thursday that he had 
struck a deal with the Brazilian star 
Ronaldo but that it would not be signed 
for several weeks. 

“With Ronaldo, and the people who 
represent him, there’s an agreement in 
substance, but not a formal one," Mor- 
atti said. “Both he and his represen- 
tatives have given me assurances. For 
the first rime in football, I think it's right 
to have faith in an agreement that has yet 
to be formalized." 

"1 want to stay calm and put all of this 
behind me," said Ronaldo, who is with 
Brazil's team in France. "Nothing has 
been signed yet.” “We have to wait and 
see now," he added. 

Moratti said he had agreed to pay $3 
million a year in salary until 2006 for the 
striker, a $14 milli on signing fas and a 
S26.5 million transfer payment to Bar- 
celona, Ronaldo's current club. 

Germany Juergen Klinsmann, who 
has just left Bayern Munich, said he was 
shocked that his teammate Lothar Mat- 
thaeus bet 10,000 Deutsche marks 
($5,780) against his scoring 15 goals last 
season. Tne wager, which Matthaeus 
made with Uli Hoeness, the club busi- 
ness manager, was revealed by a German 
tabloid newspaper. 

"I really don’t know what to say," 
Klinsmann was quoted as saying in the 
same newspaper Thursday. 

Matthaeus lost the bo; Klinsmann 
scored 15 goals as Bayern won the Ger- 

man League. Matthaeus, who feuded 
with Klinsm ann, said the wager had been 
an “insurance policy" against Bayern’s 
losing the championship. 

tournoi be France Paul Scholes, 
making his first international start, 
scored one goal and set up another as 
England beat Italy 2-0. 

Midway through the first half, 
Scholes hit a pass half the length of die 
field to Ian Wright, who scored with a 
low shot A minute before halftime, 
Wright passed to Scholes, who lashed a 
shot past Italian goalie Angelo Peruzzi. 

Italy fielded 10 of the team that beat 
England 1-0 in a World Cup qualifier in 
February. But once England took the 
lead, Italy seemed to lose interest. They 
meet again in a qualifierin October. 

Gotti Adds to Lead in Giro 

CauftirdbyOiir S&tgFmat Diipwrfrn 

PAUSES, Italy — Jose Luis Ru- 
biera, a Kelxne rider for down in the 
standings of die Giro dltalia, made an 
early solo breakaway and stayed clear 
to win die 19th stage of the bicycle 
race Thursday. 

Rubiera finished 3 minutes 8 
seconds ahead of Roberto Conti, who 
led in a group of four riders including 
the overall leader, Ivan Gotti. 

Rubiera, a Spaniard, broke away 
after 70 of the 222 kilometers (137.6 
miles) of the stage from Predazzo to 

He completed the mountainous 
stage in 7 hours, 2 seconds. 

Gotti made his move on the fourth- 
of the day’s five climbs, up die Passo 
Furcia, and finished 55 seconds ahead 

of Pavel Tonkov, who is second over- 
all. Gotti now leads Tonkov by 1:32. 

Luc Leblanc and Alexandre Shefer, 
who started the day in third and fourth 
places, dropped out after they both 
crashed Wednesday in a time trial. 
. (Reuters. AP. AFP) 

■ Police Raid Team 

The Italian police raided at dawn 
Thursday the hotel rooms of a team in 
the Giro, Reuters reported from Ca- 

Cesare Paolini. a spokesman for 
the MG-Technogym team, which is 
based in Italy, said that nothing had 
been seized in the raid by a unit of the 
paramilitary police that specializes in 
investigations into food adulteration 
and pharmaceutical abuses. 

• • '.v 

• ^ '-TRt* 

• i ...1 y e 

• - V. 


■ . ’ ’* *?*:■ " 
r.-v,' : 

•'**•** 5-i- 

Go* t-t 

• .r 2* . 


>i::t r »• 

* h. -M 

• V. - i',. 

.r- — *, , 

mix iv loudly Pond 

Will Silver Charm Be a Jewel in Triple Crown Club? 

: >• 

_ i ■ !7. I£ ■ 

•••' ;.v 

• r- 

- - — ■: 

By Andrew Beyer 

Woshingion Post Service 

!'■«’ [-nilivr hjln- llf™ 

Silver Charm working out at Belmont on Thursday. 

E LMONT, New York — If Silver Charm 
wins the Belmont Stakes on Saturday, 
he will become only the 12th horse to 
sweep the Triple Crown series. Little known 
three months ago, the modestly bred colt 
would join an elite group that includes such 
legendary runners as Whirl away and Count 
Fleet. Can he possibly deserve such a lofty 
status? Or would his achievement be con- 
sidered a fluke? 

A study of the sport’s history indicates that 
the answer is clear-cut: The Triple Crown is 
the definitive test of greatness in a thorough- 
bred, and horses do not win it by accident. 

A horse might capture the Kentucky Derby, 
the Preakness or the Belmont with the aid of 
luck, but capturing them all requires extraor- 
dinary talent. Only one Triple Crown winner, 
Omaha, was slightly fluky. A racing historian 
wrote that he was widely viewed in 1935 as "a 
lucky colt who owed his success to inept 
competition." But that was an era before the 
U.S. breeding industry bad started to boom; 
only about 5,000 thoroughbreds were being 
foaled each year. In the postwar period, with 
as many as 50,000 horses bom in a year, it is 
impossible for a horse to dominate his gen- 

eration by default 

The four colts who have captured the Triple 
Crown in the last half century — Citation, 
Secretariat Seattle Slew and Affirmed — 
rank among the best racehorses who have ever 
lived. At the same time, the Triple Crown 
series has relentlessly foiled horses who are 
very good but not quire great — the Alyshebas 
and Riva Ridges and Canoneros. 

The Triple Crown didn’t become the ul- 
timate thoroughbred test because anybody 
planned it that way. It developed haphaz- 

When Sir Barton became the first horse to 
sweep the three races in 1919, nobody rec- 
ognized them as a series. Charles Hatton, a 
columnist for the Daily Racing Form, began 
referring in the 1930s to the Derby, Preakness 
and Belmont as the Triple Crown, borrowing 
the term from English racing. The usage was 
firmly entrenched by 1941, when Whirlaway 
became the fifth horse to win all three. In 
1950, the Thoroughbred Racing Association 
officially recognized the feat by creating a 
Triple Crown trophy, and in 1987 a financial 
bonus was attached to the series. Silver Charm 
will earn a $5 million bonanza if he can 
complete the sweep. 

In contrast to the English series, which is 
contested over a period of months, the Amer- 

ican Triple Crown has always been compressed 
into a few weeks of the spring. In Sir Barton’s 
day, the Darby and Preakness were only four 
days apart Now it is standard for the Preakness 
to be run two weeks after the Derby, with an 
additional three weeks to the Belmont. 

Theoretically, a less-than-great horse 
might be able to hit a hot streak for a few 
weeks and sweep the classics. In practice, the 
timing of the races is the main reason the 
Triple Crown has been so difficult to win. 
Many horses haye been thwarted in their bids 
because of the physical stress of the series: 
Canonero II was compromised by a foot prob- 
lem in 1971. Majestic Prince was ailing in 
1969. Tim Tam fractured a sesamoid in the 
running of the 1958 Belmont Bold Venture 
bowed a tendon before the Belmont in 1936. 

Besides testing horses' durability, the 
Triple Crown tests their versatility. Of course, 
horses need stamina to win at distances as long 
as Vh miles (2.4 kilometers), but they also 
need speed to overcome traffic troubles and 
adapt to different tactical situations. Habitual 
come-from-behind runners are usually foiled 
somewhere in the series: Alysheba, Pleasant 
Colony, Little Current, Carry Back and 
Needles are among the many strong Finishers 
who wound up with two-thirds of a crown. 

Although the Triple Crown has always 

been difficult to win, it is exceptionally elu- 
sive now. Contemporary thoroughbreds _ 
demonstrably less durable than those of pre- 
vious generations. 

Horses used to withstand hard racing and 
training before the Triple Crown; Citation 
raced three times in three weeks before tbe 
1948' Kentucky Derby. Nowadays trainers 
feel it is necessary to give their homes three or 
four weeks’ rest before the Derby. Yet these 
frailer modem horses are still being asked to 
go through the grueling Triple Crown series in 
five weeks. Few have the fortitude to run in all 
three races — let alone win them all. It is no 
surprise that 19 years have passed since the 
Triple Crown was last won by Affirmed. 

If Silver Charm can manage to sweep the 
series, his durability alone will make him a 
rare horse by modem standards. And he has 
many other obvious merits: He has proved 
that he is an admirable competitor by winning 
tough stretch duels in tbe Kentucky Derby and 
the Preakness. He is a versatile runner, with a 
combination of speed and stamina. Although 
he was not a star before the Triple Crown 
series, he would nevertheless emerge from a 
victorious Belmont with a record of oin? 
starts, six wins and three seconds — a better 
record than the majority of prior Triple Crown 
winners at this stage of their careers. 

Vi *M.|> 




Major League Standings 

.571 — 

544 l’„ 

■SOT 4 
Mi 6 

New Tory 



W L 
38 IS 
31 27 



2B .481 
29 .473 

13 -400 



12 ’: 

















Kunsos Oy 















































New York 










pitHadelpMa l* 














St Loun 




3 " 

CJU 0330 









r.- : 

San Francisco 32 24 

Cokjraan 31 26 

Los Angeles 28 28 

San Diego 2a 30 


Boston 061 PIG 300-11 12 -J 

Milwaukee 005 BOO Ota-11 U 1 

Hammond. Brandon bo nj Ml. Wayfin [41, 
E she! man (5) and Hattohcnj; Eared, 
Adamson (6)- Fetters (81. Dojones (9J and 
Mgthcnv W— I E hired 6-S. L— Brandcnburj 
0-1. Sv— DaJones t!4J. HRs— Baslan 
Cordon 1 91. M Vaughn (151, JtiVakmlm 01. 
Ciucaga 300 121 030-9 13 1 

amkms 000 000 022—4 6 0 

Baldwin. Simas !8). TCnstUo (9j and 
Fahregas; ALop«. Craws (SI. Shuey (67, 
Mesa 18). Mormon (8). MJadaan (9] and 
SAlomar. W- _ BoMwin 3-7. L— ALopcz 2-4. 
HRs-Chicano. Durham (3). Ctevrtend 
Thome (I3i. 

New Tort 000 000 520-7 13 1 

BaHtmaf* 030 011 40X-V 10 1 

PtfMte, NCiMrt 1 71, IJoyd Moor 187 
and Posada Girartfi t*j; Mussing 
TcMothews (71, Orascu (7). A Benitez (8). 
RaMycrs «) and Hoies. W-Orasco 2-0. 
L-Meban 2-5. Sv-KaMwre 118). 

HRs— New Yurt, Honrs (41. Fielder Ml. 
BaMmoie,CRlpken (10). 

Kansas Oty 000 020 100-3 7 0 

Anaheim 003 004 Ota-7 II 0 

Rusch, JWoliw 16), JMontgomery («;, 
MLWiffiann 1 8) and Modariaras VV abort. 
PHams (7). Pcroval (9) and K reefer. 
W — Watson 4-2 L — Huseh 3-1 

HP— Anaheim, Hollins (BJ. 


Houston 120 110 OOO— S 9 0 

Ctndmffl 008 000 101—2 10 0 

Had Uma (8). B Wagner (9) and Ausmus 
Bumoand Fordyce, JQ0ver(8).W— Holt 44 
L— Burba 4-5. Sv-BWooner (10). 

HRs— Houston, THowaid (2). Cincinnati, 

Atlanta 0« B30 001-6 18 0 

Montreal ON 010 00—3 6 1 

Gtovlne, Blefecki 19) and JLooec Judea 
M Valdes (6), Teflord (8), LSmttti (91 and 
Wldger. W-Gtavine 6-3. L-Judan S-2. HRs- 
— Ananta. McCrW (8). Montreal Wldger (4). 
Florida 021 HI 002-5 n 3 

New York 110 ON 000-2 5 0 
Rapa, Nen <91 mid CJohnsore MSdO, Lkfle 
(9) and Hundley. W-Roop 4-2. U-MDcki 1- 
5. Sv— Nen (151. 

Otongo 0)3 000 010-5 18 0 

PWtodeWua 060 OH 031-1 « 0 
FCasJilta, Patterson (8) and Serwds.- 
Slephemoa BbzJer [71, Ryan (Bi, 
Flaidenbetg (91, RHarrfs (9) aid Parent 
Lieberthal (8). W— FCasttHa 3-7. 

L— Stephenson 2-2. 

SI. Loots 200 DM 211—18 II 1 

Pittsburgh 000 000 080-0 7 3 

AnBanes aid DdeUcer Schmidt Rudbei 
(2). Sodowsky (5), Wainhwse (4), Pelcra (7). 
MWilkro (9j and KendalL W— AnBenes 4-j. 
L— Schmid) 1-4. HR— 51. Louri, Lon Word 
111 ). 

San Mega 330 OH 100-7 10 0 

Odarado 300 HI 100-5 10 0 ' 

Cixmane. TiWonoH (71, Bodriter (8) and 
Flaherty-, RBadey- DoJaw (7), SRred (ffl, 
MMunpz (97 and Maiwaring. W-Cumano 

4-1. L— RBaltoy 5-5. St-fiochwr (3. 
HRs— San Dtegn SFInley (6), Catarada. 

Sai Praadsco 801 MO 080-1 t 0 

Los Angolas 130 BN lta— 5 8 0 

Foulkft Aradw (71 and RWIIkinsi 
RMartlnez, Cutorte (81. Owna IB), To Worrell 
C91 and Piazza W-RMarhnez 5-1 
L— Fotilto 0-1. HRs— San Fiandsca 
RWBdns (4), Las Angeles. Piazza (9). 

Japanese Leagues 










































Hanshlns, Hiroshima 3 
Yokohama ChunkHi 3 






















Nlppan Ham 





5 S 














Setou b. Kintetsu 5 

OaM S. Nippon Ham J (11 innings] 


i-on wronuznoNAL 

Sri Lanka: 226-B 

Trtnldnd and Tobago; 215-7 In 39 £ awn 

Trinidad were sel a revised targEi ot 215 In 

41 overs because of rain. 

Trinidad wan by ItmM wiefieb. 


England: 2003 


Loading ptaetngs In 222 ton I8«h elm of 
tna Giro crtaUa Iren Predwera to FNow; 

1- Jose Rubiera, 5p, Keftne 7 h. 2 a,- 2- 
Foberto ComL It. Mdreatone Una al 3 : 06 ; 3 . 
Giuseppe Gocrtnl lt„ PoM sJt; 4. (van Gotti 
, S f s “ Mfc 5. Jose Gantdez. Col. Kebne 

Jr* ”^ nareo N 06 *- “• A * 3 7. stefano 

Garzefll, I). Merootane Una *01; g. 
Tonkov, fius_ Mud 4*» 9. Roberta PctUo. 
It -boeco s.^ 10 . Dario Friga W-SoecosJ. 
DWDUULU 1. Gotti 86 h. 20 m. 35 sj 2. 

* Swcrtni tat 4. MlaslL tt. 
AKI 5 Gonidur. Ukraine, Aw 1 an- 6. 

01 Granite, Mopel 11.-04; 7. Befit II. 
Roslafto 12*4; 8. Soriana, Sp. Kelmo 1 MXk 
9. GarzeUl 1*42; 10. Rubiera IS:W. 


Aamu a Grasohoppora 1 
NeueholelZ SI Gotten 0 

‘ ^ A>*-' 


Sian 1, LausamwO 

Zurich l, Basle 1 

iu«ml I 


fmjil nuanas: Sion 49 points 
Neudiatel itc Grass hopper 45; Lausanne 41 

Anmn 11. urjllkm ■». B l-n. 


NEW YORK— OptrblWd RHP DaiHR Bto® 

Columbus, IL ’ 


Mpumahngo 14 British Lions 64 
South afwca 
Banter 10. Tonga 27 


Grerrta Bratf ICnueliw Brazl 1 
Cruzetra advances on 3-2 aggregate 

Cato Cato, C We vs. Cruieha Brazil 
Sporting Distal Pera vs. Radng, Argentina 


Iran 7, Kyrgyzstan 0 
Syria II Maldives 0 

■i lmn 6 p ® ,nhf Svrta 3; Kyr- 
gyzstan a Maldives a 

*SlAN201ie. 1MOtff7 
Kuwait 4 Singapore 0 

United Slatos & ParagwyO 
South Africa a NeHwihnds 2 


England Z Italy a 

England 3 points Brazil 1 : 

nonce 1; natyQ, 

>OM ANUU( Off 

Indwrwt 4 F.CjNaltorwIBucIwnBt 2 

Hingis (lj, Swfiz. del. Seles 0). Ui. 6-7 Q- 

71. 7- 5, M. 

Wcioll (9). CR>. del. Coetzer (11), SJM. 44 4 

6. 7- 5 


Raymond arid GaAraHh (]}, dot. Boi- 

legrat Ndh.wdLe«3i(3J,U5.44frZfr4 
Htrakl Jap. and Shupathi- (t«. ImL def. 
Sukava and Suh (41, Czech Rep. 6^ 6-4. 

lUH'Shomm ‘ 

Woodbrtdge and Woodfonle ill, Ausll dot. 
Arnold andOrermlc. Arg-46,64 64. 
Kafttnihovk Rus. and Weak (41, Czech Rep. 
dof.EHinghond Haaitruts (2), Noth. 7-6 (7-4). 
7-6 (7-3), ■ - 


FipRiDA-SenlOFJt^inWthneniutng™" _ 

ChortottelL. , V\ 

teONTKEAl^-PrtlBDwMSegulmilMor V 
discWed list. Rear fiedlB RyailMcGuirem* 1 
Ottawa, IL '>_ 



owjuiDO-Nomed '■ 

vtopresidm • 


a RIZONA-Slgned WR Chad CalPW^ 0 ™ 

HEW OfiLEUUis-IMeasad WR HoyW” 
Jofflres. DE Fred Stakes, S Sean Lrfflpw 1 ^ 

Oemck HosWns, and TE Lv* 
new yprk wTs-stgnN s ^ 
AgreedtaleitiH with Lfl Dwayne 
Philadelphia— 5tgned O ian Beou» 
DandmRnbirezteOBtiirWll^f 0 ®^ 

Copers and CB Oeauntae 0«W * 2 ^ e “ 

SEATTLE-Slgned CB J*fai£2pNi» 
wasHHonM-Sdeased DE StaW 

FB Mara <»SI TE Sa* Goiam 

FtttWDA-Stgned C Aaron 
LW Dove Duentev D Jo*» *1* 
MDroelThildon. „ . . 

WA6HIHCTON— Signed D Koytosnon- 

i : ‘* * M l Has 

?\ •JLVNS.'ilTir' 
■-•v -■ -* v.»"t 

. * 

* -- f-V ) 



TV--* ‘-SW 

ra ej 






PACE 21 

, Nl 

Orioles , 9V2 Up, 

N Beat Yanks Again 

'A W 

Ct^tovSufFnmDbrari* first he had three runs batted 
The Baltimore Orioles in. the White Sox won and the 
moved a step closer to turning Cleveland fans booed, 
the American League East This time as fans refrained 
race into a runaway. from tossing debris at him as 

The Orioles squandered a they did Tuesday. That didn’t 
five-run, seventh-inning lead stop the teams from throwing 
for the pitcher Mike Mussina, at each other, though, 
who didn't flirt with perfection Belle, who had a two-run 

this time but still was quite double and was walked with 
good. But they regrouped to the bases loaded, was hit by 

- Jose Mesa, setting off a series 
AL Roundup of beanings and bmshbacks 

; — that resulted in a bench-clear- 

push their American League ing situation in the ninth and 
East lead to an imposing 9V4 two ejections, 
games by beating the stum- The testiness started in the 
bling New York Yankees eighth after Mesa gave up a 
.again, 9-7, Wednesday at homer to Ray Durham, giving 

- Camden Yards. Chicago a 7-0 lead. 

Jordan and the Bulls 
Make Utah Look Inept 

Emphatic Victory Gives Them 2-0 Lead 

‘ The Orioles completed a 
'two-game sweep of the Yan- 
‘kees and a 4-0 home stand. 
-They've won 13 of their last 
'15. They’re 4-0 this season 
l against the Yankees and an 
astounding dozen games 

Mesa then plunked Belle, 
who walked slowly to first 
and glared at the reliever. 
Mesa then hit Mike Cameron, 
but Alomar, the catcher, in- 
sisted it was not intentional. 

"We were not trying to hit 

ahead of them in the loss anybody," he said. "Mesa 
■column. was wild during warmups. 

1 The Orioles have the best Nobody told me to hit any- 
record in the major leagues body." 

J and are attempting to become 
"the first big league team since 
jthe 1984 Detroit Tigers to 
spend every day of a season in 
-first place. 

"They're playing unbe- 
lievable baseball right now," 
'said the Yankee starter, Andy 

; Tbe Orioles got a two-run. 
go-ahead double from Rafael 
-Palmeiro — who beat the 
'Yankees on Tuesday with a 
two-mn homer in the 10th in- 
ning — in a four-run bottom 
• ofthe seventh after New York 
;bad used a pinch-hit grand 
.slam by Charlie Hayes to tie 

Chicago, which has won 
three straight, retaliated in the 

A White Sox reliever. Bill 
Simas, threw inside to Mar- 
quis Grissom, prompting tbe 
center fielder to walk toward 
the mound, pointing his bat 
Both benches and builpens 
cleared, but no punches were 

Simas and the White Sox 
manager, Terry Bevington, 
were ejected because Simas 
had been warned for throwing 
inside to Manny Ramirez 
leading off the inning. 

The Indians, who got a 

. «mj / a ,, , r& , ♦'*?>' 

■ ] ’the game at 5-S in the top of two-run homer from Jim 
| ! the inning. Thome in the eighth, lost their 

vj ’■ Jesse Orosco surrendered fourth straight and fifth in six 

Hiili V Ki a kt'Tb < V>'"i uuiil bn* 

Michael Jordan ofthe Bulls going up and under Utah's Karl Malone for a layup. 

It’s Finley’s Show, as Padres Win 

■ffcrt th-f:? 

Ulds to Lead in Giro 

••• i ¥ '• - 

-**. its.-’S-ii rs. ‘J/t 

1 1 1 ’ 

1* Luiv.j. 

: ► •- 
'Tj£‘ 17S.-J «&*■'•. 
•vu.-rs r ■£ *:;r 

i ' Jesse Orosco surrendered fourth! 
; ! Hayes’s grand slam but got ' games. 
\ ■ the victory in relief. Braw 

For much of the evening, it Milwai 
looked as if this one would be overcai 
easy for the Orioles. by sco 

1 ; Mussina, who had a perfect third ar 
! game ended by the Cleveland move i 
■ Indians' Sandy Alomar with Americ 
' one oor in the ninth inning with th 
- Friday night, had a shutout games. 
i and a five-run lead with one Ang« 
out in the seventh. helm. 

White Sox 9, Indiana 4 AI- three -ri 

’ bert Belle's second game back Watsor 
at Jacobs Field was like his straighl 

The Associated Press 

Steve Finley doubled, 
tripled and homered against 

Browors 1 3, Rod Sox 1 1 In Colorado, driving in four 
Milwaukee, the Brewers runs. His defense was even 
overcame a seven-run deficit better, 
by scoring five runs in the "He's one of the more un- 
third and eight in the fourth to derrated players in the 
move into first place in the league,” Bruce Bochy, the 
American League Central' San Diego manager said after 
with their sixth win in seven Finley led the Padres over the 

other threat in the ninth. 

“In this ballpark, you have 
to play deep, which makes the 


Angola 7, Royal* 3 In Ana- 
heim, Dave Hollins hit a 
three-run homer and Allen 
Watson (4-3) won his third 
straight start (WP, AP) 

* IV.if 

Cowboy Loudly Ponders Future 

AVx York Times Senice 

DALLAS — In a remarkable piece of 
theater, Michael Irvin, the Dallas Cowboy 
wide receiver, gathered members of the 
news media and said he did not know 
whether he could muster the intensity to 
resume playing football. 

Colorado, driving in four gaps bigger." Finley said. His 
runs. His defense was even — 

better. NL Roundup 

,‘ ‘He's one of the more un- 

derrated players in the ninth-inning catch ended the 
league,” Bruce Bochy, the game, giving Doug Bochrler 
San Diego manager said after his second save. But it paled in 
Finley led the Padres over the comparison to his diving grab 
Colorado Rockies. 7-5, on that robbed Dante Bichette in 
Wednesday night (he seventh, ending that inning 

Finley made a diving catch and saving a run. 
in right-center to snuff a sev- ‘ When you have a guy 
enth-inning rally and had a who can run like that in the 
sprawling catch to end an- outfield, you have to make 

them put the ball in play," 
Bochtler said. ‘‘That's all I 

Tp 4 did, and Finley did the rest" 

S JtUtUTB MaHinx 5, Meta 2 Bobby 

Bonilla scored the go-ahead 
i a recanted sexual-assault run in his return to Shea Sta- 
lecember, a woman accused dium. 
e» a gun to her head while Bonilla, traded to Baltimore 
mother man assaulted her. in July 1995, singled with one 

anted the charges and faces out in the sixth, took third on 

Jim Eisenreich's double and 

stemming from a recanted sexual-assault 
iece of accusation. In December, a woman accused 
lowboy Irvin of holding a gun to her head while 
of the Williams and another man assaulted her. 
t know The woman recanted the charges and faces 
isity to a perjury trial 

Iron also said be wanted to clear the air 

Dodgers S, Giants 1 Ramon 

Martinez won his seventh 
consecutive decision against 
San Francisco, allowing five 
hits in seven innings and 
striking out nine. Mike Piazza 
backed him with a homer at 
Dodger Stadium. 

cd» 5 , Phillies i Frank 
Castillo allowed five hits- in 
7 ‘A scoreless innings and 
Ryne Sandberg had three hits 
for Chicago in Philadelphia. 

Castillo (3-7 j, who struck 
out five and walked two, 
helped the Cubs improve to 8- 
2 in their last 10 games. 

Philadelphia has lost six 
straight and eight of nine, 
dropping to 19-37. 

Cardinals 10, Pirates 0 Ray 
Lankford hit a two-run homer 
in the first and Dmitri Young 
went 4-for-5 for visiting Sl 
L ouis. 

Jason Schmidt, tbe Pitts- 
burgh starter, was ejected by 
home plate umpire Jerry 

Speaking somberly, Irvin said Wednes- about reports that he was seeking a trade. 

scored on Charles Johnson's Layne in the second for hitting 

Club ' 

day that personal controversies he has been 
embroiled in over the last 16 months have 
drained him of his passion for football. He 
said be had skipped the team’s minicamps 
to ponder his future. 

“Right now I just don 't have the intensity 
and emotion about the game," he said. 

He said he met with the Cowboys’ own- 
er, Jerry Jones, and asked to be traded, but 
said he did not “draw a line in the sand” 
when Jones told him such a move would be 
impossible for salary cap reasons. 

"I need to find my love of football or not 
play at all,” Irvin said, adding that he had 

Irvin appeared with his new lawyer, Peter no idea when he might decide whether to 

Ginsberg, to announce that he was joining a 
teammate. Erik Williams, in rwo lawsuits 

rejoin the Cowboys or retire and forfeit 
nearly $5.8 million in contract payments. 

ground out for a 3-2 lead. 

Bravos 6, Expos 3 Tom 
Glavine (6-3) allowed seven 
hits in 816 innings and singled 
to stan a three-run rally in the 
fifth at Montreal. 

Glavine struck out six. 
walked one and left after giv- 
ing up a one-out double to 
Vladimir Guerrero in the 
ninth. Glavine also went 2- 
for-3 at the plate. 

Mike Difelice in the ribs with a 
pitch, apparently in retaliation 
for the catcher's fight with 
Mark Johnson in Pittsburgh's 
3-2 victory May 21. 

Astros 5, Rods 2 Chris Holt 
scattered seven hits in seven 
innings, rebounding from his 
shortest stan of the season. 
Jeff Bagwell doubled home a 
pair of runs for Houston at 

Michael Wilbon 

UWim^rcn Post Service 

CHICAGO — Maybe it’s not such a good 
idea for the Bulls to play up to their cham- 
pionship-caliber level after all. Because when 
they do, even if for only three quaners. the 
other guy doesn't have a chance. None. 

Fortunately for the other teams in the play- 
offs, the Bulls hadn't been particularly im- 
pressive for most of the postseason. Okay, 
there were brilliant moments against At- 

NBA Finals 

lanta and Miami, but just flashes, an outburst 
from Jordan here, an eruption from Pippen 
there. But the Bulls hadn't put together an 
entire great game, from A to Z, the kind of 
basketball exhibition that has led some of the 
game’s historians to compare them to the 
greatest .teams ever. 

Until Wednesday night, when the Bulls 
took a 2-0 lead in the NBA finals by winning 
convincingly, 97-85. 

Maybe we don't need to see anymore, be- 
cause when the Bulls play, say. B-plus bas- 
ketball, nobody in today's NBA can come 
close to beating them. They make the other 
guy look so inept, so incapable of doing any- 
thing. it’s like the Harlem Globetrotters play- 
ing the Washington Generals. Worst of all. it's 
bad theater. There's no drama, no suspense 
whatsoever. When the Bulls play just “O.K.." 
Atlanta can win a game, Miami can win a 
game, the Bullets can challenge them. 

But when the Bulls stop goofing around, 
when they leave their arrogance at the door 
and get their minds oft golf and new contracts 
and who's going to be playing for the team 
next year, they are the most dominant team in 
professional spores. With Michael Jordan 
around, they haven't lost four of five games 
since January 1993, which is what the Jazz 
must do to take the title. 

The Jazz, remember, had enough weapons, 
enough creativity to win 64 games in the regular 
season, and roll through the first three rounds of 
these playoffs with a record of 11-3. What’s 
happening to the Jazz is what has happened to 
every Jordan playoff opponent since 1991: Tie 
Bulls won’t lei Utah do what it wants to do. 
Won't let Karl Malone post up and shoot that 
fadeaway. Won't let Malone and John Stockton 
ran the pick-and-roll that seems to confound 
everybody else. Won’t let Greg Ostertag be a 
factor. Won't let Stockton find open teammates 
at will It's as though the Jazz have totally 
forgotten how to play basketball Coach Jerry 
Sloan went as far as saying, “I thought we were 
intimidated tonight," and he wondered aloud 
after the game if his team had come close to 
letting the Bulls "destroy your win." 

You know what the evening’s manufactured 
suspense was? Whether Jordan, who finished 
with 38 points, 13 rebounds and 9 assists, 
would get his first triple-double in NBA Finals 
play. He should have had a 10th assist with 
about three minutes remaining, but Scottie 
Pippen blew an open layup. That’s what the 
Bulls had to be sorry about Wednesday night. 
"He apologized before I said anything,” 
Jordan said, "Because he missed a layup? 
There’s no love lost. I’d rather have a healthy 
Scottie Pippen than a triple-double. I just hope 
he can make a layup or two the next game.' ' 

Pippen’s retort: "He doesn’t need that 
triple-double, he has everything else." 

Jordan dominated the scoring, the rebound- 
ing, the passing. Ron Harper scored since a 
hobbling Pippen couldn’t, Dennis Rodman 
didn’t get any technicals. Steve KerT, who had 
never blocked a shot in the playoffs, blocked 
one in Game 2, which gave him one more than 
the entire Utah team nas in this series. 

The stretch of the game where the Bulls 

Chic ado 97, Utah 85 











































































' 0-0 























27A7 25-35 





































































C offer 


















































2. Hwnocek 1-2 Anderson 1-21. Chicogo 6-16 IKerr 2-5. 
Rodman 1-1. Harper 1-2, Jordan 1-2 Kukoc 1-2 Buechier0-1. 
Ptppea 0-3). Technicals— Chicago illegal defense Z 

delivered the knockout punch was vintage 
basketball, stuff the old Celtics would have 
proud of. Their lead was down to 31-29 when 
Jordan scored off an offensive rebound. Pip- 
pen blocked a Malone layup and shot a pass to 
Harper, whose three-pointer made it 36-29. 
Jordan made a free throw. Luc Longley set up 
Harper for a layup. T oni Kukoc forced his way 
inside for two free throws, and Pippen hook- 
jammed after taking a pass from Jordan. The 
ball, at times, never touched the floor, and 
Utah's defenders simply weren't quick 
enough to contest Chicago's shots. 

Meanwhile, Utah couldn’t score, and the 
Bulls led 47-31 at the half. How could Malone 
and Stockton look so dazzling six days ago 
against Houston, then look so feeble here? 

~The Rockets ain't the Bulls. Especially not 
on defense. Utah led the league in field goal 
shooting with 50.4 percent during the regular 
season, but made just 40.3 percent in Game 2. 
Here's what happened: 

Nobody in a purple uniform has enough 
space to take shots. 

‘ ‘We're a defensive oriented team,” Jordan 
reminded everybody afterward. 

Malone took the blame, saying. “I’m stinking 
it up right now.” But he's stinking it up in part 
because the Bulls have four defensive players — 
Jordan, Pippen, Harper and Rodman — who 
simply drive opponents crazy with quick feet and 
long, flailing arms. “Pippen and Haiper," Bulls' 
coach Phil Jackson said, "guys that crowd a lot of 
space with their agility and quickness, were able 
again tonight to use that as a way to keep the ball 
from going to the post when the screen-and-roll 
was happening. They made Stockton find some- 
body else while he was in the air.” 

As Stockton said. “We got a defensive 
lesson tonight. Hopefully, we can learn 
something from it. not just get beat by it." 

And you know the worst thing for Utah? 
Jackson said that “we still were not scin- 
tillating." Sloan, concurring, added. “We 
probably haven’t taken their best shot.” 

■ Sbandon Anderson's Father Dies 

Willie Anderson, the father of the Utah Jazz 
rookie Shandon Anderson, died before Game 
2 of the NBA Finals. He was 47. 

Anderson had been suffering from throat 
cancer, and doctors gave him only 2-3 days to 
live more than a week ago. The Associated 
Press reported. 

"I've said good-bye many times," his son 
said early this week- 

« f HMA.V.X 


hi-e • rvr-.r a- ->■ 
liur.-f ?»“*. 1 '■*** *■' 
i r'je'Vr- ~r- ' 1 1 ' 

tfwr: — ’• - r •” 

a-V « - S 

A 5 •• ' •' 

;_V ■’ ' • 

la- 13*4*- • ~ 

m «a4 ■■*■?••• - r y : ' - 

id V*" *’ L ' 

wa ; j. . . *■?: '.c* . 

f !■*-' 

v -* 

hftfcp- as*.-. 

ttvi- r*jn ***“ - 
XL .rtaWA** /. - ; 

Vi*: * • - 

T.--*- - 


- CL ■ 

j T 




■aas/flu so our mg m door.* 


Unman ton tv ifeatM. ■' ■ 

csssr*”*" 'isssr 

CaoTT I _*rz3 


( WHAT 00 5PIPER5 

q- W& OJT W BH A 
t*ED : Erc3*.-’ — J 


MiDQWBBlfr iJSJuilf 




WELL. ME, £ 




I CAM& fmw A RbAuY 
RICrf Net 6H00Flto0P 








seno know 


vi <■ 



| WOULt? 




fiufrtjwr mtat 


* t H H * i 


«- r 

it -1 - ■ . 

I li-r ^jur - J* 

cu mr umm mau uchh 

Nta n Wn Xdiad»M> tm 


J. Anas* AivnQiJES 

vtf* • • Appears ever) Snurday. 

To advertise coaact 
l KhahcdtCummd-Ifcmtneoiirt 
TfeL + 33 (0) 141439476 
Esc +33 (ft 1 41 13 93 70 
oryaer mw IHT office 

6onV*BE UP&CM3C4, YoU tt© YoU 8 

drromc mi be tms> 




1DWB~ J5 

ornme. mftotue 








t WDNW 5 R ^ 
THAT? ^ 

TtiE flCTC op LR MtU ^ 

««7 Wlliy Mfltr/ At W 
WwNHtBn Nil Wrfftn Iwj 

C-nbII: wUtytaanvaoLm 

• • ftafil!' * •' -r ■ 

PAGE 22 


Getting and Spending 

By Russell Baker 

great story is' prosper- 
ity. It is here, and with a ven- 

There is so much money 
washing around that people 
have to get out of bed at dawn 
on Saturdays ro get it all spent 
before the week is out. Treat 
yourself to an old-fashioned 
Saturday sleep-in and you 
won't have enough rime to 
spend it all before next week’s 
bundle starts rolling in. 

Washington journalists, 
trained to concentrate on ‘pol- 
itics. keep saying that news 
has ended. Nonsense. Polit- 
ical news may have ended, 
but the economic news is 

Later it will have a thun- 
derous effect on politics, but 
that inevitability seems far- 
fetched right now. like sum- 
mer heat lightning seen on a 
distant horizon. Meanwhile, 
we are wallowing in a gor- 
geous. juicy economic boom. 


Millionaires are multiply- 
ing like flies. Farmland is be- 
ing paved over with thou- 
sands of miles of new streets. 
Woodlands are being 
chopped down for "industrial 

Suburbs are sprouting gi- 
gantic new malls and7 for 
buyers so hot to consume that 
they can't take the extra 10 
minutes needed to reach the 
big malls for all-out spending, 
strip malls proliferate along 
the highways. 

Stock markets — every- 
body knows about the stock 
markets. Zingo! Bingo! 
Shazam and Wow! Lord, how 
The money rolls in! 

One effect of the boom is to 
immunize President Clinton 
against his enemies. And this 
is one president certain to be 

remembered, as Richard Nix- 
on is. for his enemies. 

Paula Jones, Whitewater, 
Dick Morris with his polls and 
prostitute, Asian money fin- 
agling, Clinton's lack of per- 
ceptible political beliefs, the 
swarm or independent inves- 
tigators harassing his admin- 
istration — nothing shakes the 
public's contentment with this 
presidency, if the popularity 
polls are correct, as polls 
nowadays usually are, alas. 

The public's atritude ap- 
pears to be "First things 
first.” The first thing now is 
the big money. The public 
seems Indisposed to trade the 
joys of the fattened wallet for 
the sour pleasures of humi- 
liating another president. 

Now somebody will note 
that not everyone is raking in 
the money. 

True, but here Clinton has 
the best of all possible worlds. 
Those making the biggest 
bucks are upper-brackets 
people. Republican by nature 
yet not apt to let political af- 
filiation deprive them of con- 
stancy expanding income. 


Those left out of the bar- 
becue are the bottom-brack- 
ets crowd; to wit, people who 
vote Democratic no matter 
how miserably they are re- 
warded. and people who 
don’t vole . at all. This 
wretched bunch is being told 
to shape up or ship out, as the 
Clinton government with- 
draws from the old Demo- 
cratic tradition of looking 
charitably on life's losers. 

Economic Darwinism is in 
the air. A magnificent, un- 
leashed capitalism — freed of 
all social or moral restraints — 
will be good for life's losers in 
the long run. One of these 
days. Such is the philosophy 
of the boom-boom age. 

Larer we shall see" 

.VVii Yi-rl. Tmn Sent, r 

The Case for Savonarola Gets a New Hearing 

By Barry James 

huenuiiional Herald Tribune 

P ARIS — - ■ The Vatican has re- 
habilitated Galileo and now it 
may be the turn of Savonarola, the 
enigmatic preacher who inspired a 
short-lived republic in Florence 
and consigned much of the city's 
art heritage to a vast “bonfire of the 

Girolamo Savonarola — Do- 
minican monk and Renaissance 
ayatollah who terrified his city with 
gangs of adolescent zealots — may 
even be on the way to beatification. 
Next year is the 300th anniversary 
of his execution by hanging — his 
body was burned and the ashes 
thrown into the River Arno — and 
Italy is preparing for the occasion 
with exhibitions and colloquiums. 

Pope John Paul H has expressed 
his wish to make amends to those 
the Roman Catholic Church has 
wronged in history, like Galileo, as 
part of the Jubilee year in 2000. 

According to a leading Savona- 
rola scholar, the Reverend Ar- 
mando Verde, a Dominican priest 
in Pistoia, Italy, it is possible and 
"even a little bit probable” that 
Savonarola will be rehabilitated by 
the church. The archbishop of 
Florence, meanw’hiie, has opened 
the beatification cause, aimed at 
verifying the so-called “heroic vir- 
tues" that would make Savonarola 
an official object of veneration in 
the church. Beatification is often a 
first step toward canonization or 
sainthood. The Dominicans have 
never disowned Savonarola, al- 
though today not all are in favor of 
the beatification cause. But for the 
city of Florence, it is a matter of 
civic pride. 

Father Verde said modern text 
analysis makes possible a more 
balanced picture of Savonarola and 
his tutelage of the Florentine Re- 
public from June 1494 ro his trial 
and death in May 1498. 

Like a modem ayatollah, Savon- 
arola railed against a great Satan — 
in his case the Borgia Pope Al- 
exander VI. 

“Oh prostirute church," thun- 

dered Savonarola, condemning its 
greedy commercialism (like Luth- 
er, who called him a saint, a gen- 
eration later). The early church 
gave its wealth to the poor, he said, 
but now disdainful prelates robbed 
the poor to pay for their palaces and 
finery. Rome was. he proclaimed 
“a monster of abomination.” 

His words were conveyed 
around Europe by the new miracle 
of the printing press, and men came 
from all over to hear his impas- 
sioned sermons, which were, a con- 
temporary said, ‘‘so full of terrors 
and alarms, cries and lamentations, 
that everyone went about the city 
bewildered, speechless, and. as it 
were, half dead.” 

Because bis sermons touched off 
waves of tears, his followers were 
derided as “weepers” by the “mad 
dogs” who waited and plotted for 
the return of the fallen Medici 

Alexander displayed remarkable 
tolerance for a while. He was too 
busy testing the ouier limits of 
priestly celibacy and feathering the 
nests of his children ro be much 
interested in religion. Bur even- 
tually he excommunicated Savo- 
narola. who helped seal his fate by 
excommunicating the Pope in ium 
and calling for a general council for 
the. reform of the church and to 
depose Alexander. 

Savonarola flattered civic pride 
by telling the Florentines that they 
were God’s favorites and that they 
would enjoy a golden millennium 
in which their city would rise pur- 
ified and blissful. The council of 
which he formed a part pleased the 
citizens by removing taxes and set- 
ring up a municipal pawnshop to 
break the bankers’ grip. But it also 
banned horse races, gambling and 
profanity, and imposed merciless 
penalties for homosexuals and 
tongue-piercing for blasphemers. 

The Dominicans formed gangs 
of youths into a kind of moral po- 
lice who roamed the city, demand- 
ing alms, dispersing gamblers and 
ripping the clothes off women they 
considered indecently clad. 

Florence then boasted a conflu- 
ence of artists and sculptors. If rheir 

and his Last Judgment* has beejf 
described as the pictorial fiqanat' 

ent of Savonarola’s seroions. 

The doom Savonarola 
for Florence unless it totted 8^; 
came a reality. The subject city# 
Pisa declared independence, 
fertile lands with it Savonarola? 
vendetta against Alexander and|^ 
alliance with France left the eft*, 
economically and politically 
lated. Crops failed and people^#, 
of hunger. The mad dbg* am£jfc R - 
. weepers clashed in d» sttects. ^e. 
rival Fra ‘ "*'* 


Girolamo Savonarola, from a portrait by Fra Bartolommeo. 

surviving works consist largely of 
saints and v irgins it may be because 
Savonarola inspired or coerced the 
Florentines to consign their secular 
fripperies to a huge bonfire 500 
years ago this year. The offending 
objects made a pyre 60 feet high 
and 240 feet around in the Piazza 
della Signoria. 

The artists' workshops produced 
a variety of products from furniture 
to party' decorations, and much of 
the an that Florentines enjoyed in 
their daily lives went up in flames. 

along with ’’wicked books” like 
the “Decameron,” manuscripts, 
musical instruments, masks, car- 
nival costumes and playing cards. 

One artist threw all his nudes 
onto the flames and went on to 
become Fra Banolommeo, painter 
of great religious works. Botticelli, 
Lorenzo di Credi, Fra Angelico and 
the della Robbia family were 
among many inspired by the monk. 
Michelangelo said he could hear 
Savonarola's words as he painted 
the ceiling of the Sistine Chapel. 

ular discontent against ti*XJb£a- 
icans, widely hated as ta toners and 
inquisitors. People t&s&cf pujj. 
anism. Finally church attf govern.' 
ment agreed Savonarola had to 
go. \. 

A mob marched to capooe-him, 
and his friars defended him vali- 
antly with clubs and swoids, 
yelling “Salvum fac rpopulmn 
tuum. Demine” ■— ’ thy 
people. Lord. - ■ 

Tortured, Savonarola confessed 
to heresy, but recarried Boys 
stoned him as he choked on a gib- 
bet. When his body was thrown 
onto the flames, his hand shot up 
with fingers outstretched as im- 
parting a final blessing — or curse 
— and the crowd fled from the 
square in panic, crushing several to 

The picture that emerges of 
Savonarola through his intimate 
writings. Father Verde said is of 
"a man of faith who loved Jesus 
Christ.'’ He had to make compro- 
mises in the sphere of politics, “but 
on the ethical and spiritual level, 
absolutely never.” He was a fun- 
damentalist, yet subtle enough to 
convince a humanist philosopher 
like Pico della Mirandola. 

Much of the adverse comment 
about Savonarola came from the 
subsequently restored Medici dic- 
tatorship, a byword for corruption 
and treachery. In the year that 
Savonarola died, a new figure came 
onto the scene, more in keeping 
with the spirit of the times. He was 
an obscure Florentine bureaucrat 
named Niccolo Mach ia veil i. 

V -■ 

f ‘ 

f ! t \ 

toll’- 1 ** 


• a Humf+ir^- TI* \ o Jicd Pic • • 

JUST KICKING AROUND — Prince Charles and Steve Gibson, chair- 
man of the Middlesbrough soccer club, joining in training with under- 1 1 
players, after Charles had addressed a symposium on young people. 

T HIS may be a case of the denial 
arriving before the accusation, but 
Oprah Winfrey has issued a statement 
declaring that she is not gay. So who' said 
she was? Rumormongers, That's who. 
said the talk-show queen. She decided to 
address the issue after she appeared on 
the “Ellen” coming-out episode and 
after the columnist Liz Smith wrote that 
a huge TV star and "role model to 
millions" was about to emerge from the 
closer. "I am not in the closet. I am not 
coining out of the closet.” Winfrey said 
in her statement. "I am not gay.” 


In one of France's biggest wine sales, 
Maxim's, the eemury-old landmark 
Paris restaurant, auctioned off 8.000 of 
its 100.000 bottles of great wines that 
age had made too expensive for timers 
and too fragile to keep. Jacques Tajan, 
the auctioneer, said the sale netted more 
than 9 million francs (Sl.55 million), 
almost doubling forecasts. The star was 
a case of 12 bottles of 1945 Chareau 
Mouton-Rothschiid. which went for 
532.000 francs to an unidentified Ger- 

man as an 85th birthday gift to an Amer- 
ican who as a GI rook pan in the lib- 
eration of his village in 1945. "This was 
an anti-Nazi German who remembered 
the mosi beautiful day in his life, the day 
when the American soldier kicked open 
the door - of his home," Tajan said. 
"They remained in touch after the war 
and he wanted to offer him the wine 
bottled in 1945 with the ‘V’ victory sign 
on the label," he said. More than 500 
people crowded the auction room, and 
Tajan kept 23 telephone lines open to 
buyers around the world. 


In London, the Canadian writer Anne 
Michaels won the Orange Award for 
women's fiction with her first novel 
"Fugitive Pieces.” Michaels. 39, an 
award-winning poet who teaches cre- 
ative writing "at Toronto University, 
took 10 years to write the book, about a 
Jewish boy's escape from Poland to 
Canada in World War II. The award, 
which includes a £30,000 t $50,000) 
prize, is open to women of any na- 
tionality writing in English. This year’s 

short list was dominated by North 
Americans, and included “Alias 
Grace” by Margaret Atwood. "One 
by One in the Darkness” by Deirdre 
Madden. “I Was Amelia Earhart” by 
Jane Mendelsohn, "Accordion 
Crimes” by E. Annie Proulx and 
“Hen’s Teeth” by Manda Scott. 


They will have a celebratory lunch, 
mingle with the masses, even dance a 
little, but the main event of celebrations 
marking the 50th wedding anniversary 
of Queen Elizabeth II and Prince 
Philip will be a thanksgiving service at 
Westminster Abbey, where they were 
married on Nov. 20, 1947. Buckingham 
Palace announced. The service will be 
followed by a royal walkabout. Prime 
Minister Tony Blair will host a lunch 
for the couple in Westminster’s 17th- 
century Banqueting House. In the even- 
ing, the royals will hold a 
at Windsor Castle, their home west of 
London. On July 15, about 4,000 British 
couples w ho married in 1947 will attend 
an anniversary’ garden party with the 

queen and her husband at Buckingham 
Palace. They were chosen by lot "from 
more than 40,000 couples from Britain 
and irs former colonies. 


A couple who had an agreement to 
sell a house to Peter Bogdanovich say 
the film director’s bankruptcy filing is 
just a dodge. Bogdanovich filed for 
bankruptcy protection Friday, a day 
after a Los Angeles Superior Court jury 
ordered him to hand over S4.2 million in 
damages and fines for failing to make 
payments on a $1.9 million Beverly 
Hills home he was buying. The 57-year- 
old director of "The Last Picture 
Show” and “Mask" had been sued by 
Aly and Barry Spencer, who claimed 
he" stopped making payments on the 
house deal, yet kept up a' lavish lifestyle 
that included $250 haircuts and $50,000 
vacations. Stephen Zelig, xhe Spencers' 
lawyer, said the bankruptcy petition was 
“a pathetic attempt to avoid his re- 
sponsibilities.” It is Bogdanovich’s 
second bankruptcy filing in 1 2 years. He 
declined to comment. 




• rflpjjr It 


■i , 



• ^ 

stays mainly in the plain. 

Every country has its own AT&T Access Number which 
makes calling home and to other countries really easy'. 
W& Just dial the AT&T Access Number for the country 
you’re calling from and we’ll take it from there. And 
be sure to charge your calls on vour AT&T Calling 
Card. It’ll help you avoid outrageous phone charges 
on your hotel bill and save you up to 60%* Low rates 
and the fastest, clearest connections home 24 hours 
a day. Rain or shine. That's AT&T Direct* 1 Service. 
Please check the list below for £T&T Access Numbers. 

«>f Ties t« 
v* iss Bad 

r/r# tigr'f I 

V* 1 

AT&T Access Numbers 


Step* in fullun for calling *orld*ide: 

!<:•' di \T-S.T Vtnkr !>:*r lire ciwsur ;iiu 
.‘S’: cj'lir.4 ftvifu 

bi.ti ’K mu tiler ; iki'ic cailT.i 

ti.- c.:!!i:i: card uwmlvr ISlis! .ihme '■.■•.irnnmc 

flafl ooo 6JB0 mi -y.a> 

TBWF1 ‘ ■' 



Belgium • 

Czech Republic* 







Russia* a (Moscow) i 

. . K2-9EHI11 
. 00-42 -MC-1 01 
B-800 -99-0B1 1 






960 -99-00-11 



United Kingdom a 







Saudi Arabia';- 







South Africa 

Can t find the AT& T .Acc ess Number for the country you’re colling (mm? Just ask any operator (hr 
iff&T Direct* Sertice. or vfch our Web site at hUp^/»-nn - att m m/nm*!*? 

*_»J u-hj.-l-dvl • 

i f Uf'du * rh* tim -frw fc. J. 




T.J... -- — 

... w .i>u our weo sue at nap^»-nv^iu»iii/tnneler 

-•**■.(11! -VIA B lOr.b-lmo 

iMUKtSfebiM S •aT feoff 1 4-au*3 

I [l;, 

• 111 ! 

!: ii 1