Skip to main content

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

See other formats

» ■ 






The World’s Daily Newspaper 

London, Tuesday, June 17, 1997 ^ 

EU Compromise Tilts To 


_ ^ up 


German View 

By Tom Buerkle 

Ittienwdvnul Herald Trihitne 

AMSTERDAM — European Union 
leader endorsed on Monday a 
stability pact designed to reinforce 

credibility of the planned single currency , 

overcoming resistance from France’s So- 
cialist government by coupling the pact 
with promises of fresh, if vague, efforts to 
combat unemployment 
The agreement sought to strike a bal- 
ance between Germany and France that 

would reaffirm Europe's deter minati on 
to launch the euro in 1 999 and offer new 
hope to Europe’s 18 million jobless 
people, an economic sore that threatens 
to undermine public support tor mon- 
etary union. 

But if the compromise defused the 
threat of an open confrontation over 
economic policy between Bonn and 
Paris, the absence of any concrete public 
spending commitments for job-creation 

nrrummc nanraranroj ** 

and a setback for Prime Minister Lionel 
Jospin of France. 

Mr. Jospin had sought backing to 

fund new European employment pro- 

Blair supports KotaL Page 10. 

lor Helmut Kohl of Germany 

grams by tapping into the excess re- 
serves of the European Investment 
Bank, an EU lending agency, and the 
European Coal and Steel Community, 
the institution that launched European 

integration. Paris had estimated the po- 
tential at as much as 1.6 billion Euro- 
pean currency units (SI. SI billion). 

But the leaders stopped short of firm 
commitments. Instead, they adopted a 
resolution on growth and employment 
to accompany the stability pact that 
called on the European Investment 
Bank to consider a variety of new lend- 
ing possibilities, including a venture- 
capital fund for high-iechnology indus- 
tries and loans for education, health, the 
environment and urban renewal. 

“There will be no new spending and no 
new powers for the EU.” said Theo 
Waigel, the German finance minister. 
He also insisted that the new commit- 
ments on employment would not water 

down the low-deficit. low-debt criteria 

for launching the single currency, or the 
stability pact that will make those con- 
straints permanently binding. 

Dutch officials, who brokered the 
deal as holders of the Union's rotating 
presidency, also stressed the deal's 
modesty and declined to give any es- 

timate of new lending or possible job 
creation. “It’s certainly not the inten- 
tion that there should be lots of subsidies 
handed out." Finance Minister Gerrin 
Zalm said. 

French officials, while acknowledg- 
ing the agreement’s modesty, still por- 
trayed it as the beginning of a turn in 
European policy away from a single- 
minded pursuit of low budget deficits 
and low inflation. The employment res- 

Scc ACCORD, Page 10 

Turkish Leader 
Allmm,, Set to Quit, but 
Le Man* in Hopes to Return 

Jot. Si Erbakan Predicts That tbters 

Will Give Him a New Mandate 

' i£lr :r 

By Stephen Kinzer 

Neve York Times Service 

2m? "• 

r »-« 

&■}'**% - % j-\ .. v. 

3 T J V;* % -:-i Tjr 

i&c:*- Vs* v? 


^ A - - x* : - ■> 


£r*vr £ I- v -i-T . ' ■ 

■♦-I ’ j -- ‘j-'i-L'/j. -.i‘ : 

f-riTjjti ■ »-.*' a 1 .-',-';': 

••-j *. -iTi-.t-x-./b.-i 

vy: v? fT •: 

y-f C: 

•? •ft-SffET- T' -’*r. 

■_ s nsr- - _ -r i%yi 

r '-*- r • • v t - 

44-' k . ” 

• ■‘■e* ^ --C • Z 

fsr -I 

=!3<S%' ZJr 

’ nTr Ei’i iK.iL:a'u: 

• ISTANBUL — Prime Minister Necmettin Erbakan 
said Monday that he would soon resign, but predicted 
that after new elections he would be returned to office 
. - with a strengthened popular mandate. 

[' ' Mr. Erbakan, the first Is lamis t to lead modem 

- Turkey, has been under intense pressure from the 
; military. Senior officers say his government is un- 
dermining the secular basis of the Turkish stale and 

! leading the country toward fundamentalism. 

- ; ■ Although Mr. Erbakan would not say when he 

intended to resign, aides said it would probably be 
' Wednesday. He hopes to turn his job over to his 
r - coalition partner. Foreign Minis ter Tansu Ciller, but it 
• is far from certain that he will be able to do so. 

■ Under the Turkish Constitution, Mr. Erbakan will 
- ; hand his resignation to President Suleyman Detnirel, 
, who is an ouispoken secularist but who has also issued 
f warnings in recent days about the need to preserve 
". civilian rule. Mr. Denurel may ask anyone to form a 
'- new government, and that person would then have to 
try to win support from a majority of the 550 members 
-of Parliament. 

Mr. Erbakan and his senior aides say they believe 
:? Mr&'Cflier would be the logical first choice, but others 
_ are not so sure. She bas been tainted by accusations of 
comiprkm, all of which she has denied. 

Some Turkish analysts suspect that President De- 
rairel will ask Mesut Yilmaz, leader of the secular 
Motherland party, to try to form the next govern- 

“He has acertain reluctance to go with Ciller," said 

IRA Kills 2 Policemen; 
London Suspends Talks 

Ambusli in Ulster Raises Tension for Summer 

By Fred Barb ash 

lfiuAifighvi Pom Serrwe 

<j;rinv Nrau- IVwr 

The covered bodies of the police officers killed Monday by the IRA in the city of Lurgan. 

LONDON — The Irish Republican 
Army shot and killed two Nonhem Ire- 
land police officers in an ambush Mon- 
day, prompting the British government 
to end discussions with die IRA's polit- 
ical arm, Sinn Fein. 

The shootings, combined with earlier 
violence and continued disagreements 
between Protestants and Roman Cath- 
olics about the routes of various sec- 
tarian marches scheduled in the next 
few months, are the cause of deep con- 
cern among officials in London and 
Dublin about what the summer may 
bring in the province. 

They say they fear a repeat of last 
summer’s rioting, arson attacks and 
general mayhem, even though they had 
hoped that new governments in both 
Britain and Ireland might open the way 
to renewed peace in the north. 

In Britain’s election May l.voiers ous- 
ted Prime Minister John Major's Con- 
servative government, which had become 
a minority dependent in part on votes of 
Protestant members of Parliament from 
Northern Ireland. The new Labour gov- 
ernment, with a huge parliamentary ma- 
jority under Prime Minister Tony Blair, 
has much more flexibility. 

On June 6, voters in the Republic of 
Ireland ousted the coalition government 
of the Fine Gael Party prime minister, 
John Bruton. Bertie Ahem is forming a 
coalition government led by his Fianna 
Fail Party, which traditionally has been 
more sympathetic to Sinn Fein and to 
Irish nationalism generally. 

The two officers of the Royal Ulster 
Constabulary were shot at close range 
Monday while on routine patrol in the 
town center of Lurgan, in County 
Armagh. The attackers — two people. 

See IRA, Page 10 

Yilmaz Esmer, a political scientist who is a dean at 
Bosporus University in Istanbul. “I think he’ll ask 


— ~ ■-i*'. tji' 

r'-' - V-i? 
- V. ,,i Aii 

'f -1'/ 

.-rVsSr-t i a- 

■ V -pv -V 

Yilmaz fust, and if Yilmaz can’t put together a gov- 
ernment, then he might reach out further and ask 
Someone who is not a major political figure.’ ’ 

-. Aiaoews conference in Istanbul on Monday, Prime 
Minister Erbakan defended his record and accused bis 

See TURKEY, Page 10 

Japan, Adept at Imitating, Starts to Invest in Innovation 

"Knowledge shall be soughifor all over the 
world, and thus shall be strengthened the 
foundation of the imperial polity." 

Emperor Meiji, 1868 

By Velisarios Kattoulas 

International Herald Tribune 

TOKYO — With these words nearly 130 

years ago, the Emperor Meiji started a cycle of 
>n Western know-how that more 

dependence on 
th an a century later remains one of Japan’s 
dominant features. 

From the technology used in some of its 
omnipresent consumer electronics to social 
welfare, finance and management, Japan con- 
tinues to rely heavily on foreign technology 
and ideas. 

Now, however, Japan is trying to wean 
ilself- from foreign know-how as its rivals 
grow reluctant to share valuable new tech- 
nologies and ideas. 

Most visibly, Japan is investing heavily in 
research in areas such as telecommunications 
and biotechnology, areas that are expected to 
underpin the industrial and consumer goods of 
the future. 

But despite plans to inject nearly $130 
billion into basic research, scientists say Japan 
is unlikely to dominate Nobel prizes for sci- 
ence and medicine soon. 

Moreover, in areas such as social welfare, 
finance and management, Japan's dependence 
on foreign brainpower appears unlikely to 
wane, analysts and government officials 


“People often say Japan’s borrowing of 
as is cultural and that it’s not a creative 

country," said Alice Amsden. a professor of 
political economy at Massachusetts Institute 
of Technology. 

“But it reflects its origins as a country that 
began mdnstrialization late under the pressure 
of not having its own strong technology to 
begin with.” 

Japan first harnessed foreign ideas and 
technology about 2,000 years ago when it 
began to borrow liberally from Korea and 
China. It only started to borrow extensively 
from the West, however, in the 1860s. when 
the Western powers turned up on its shores in 
gunboats. Afraid that the United States or 
another industrialized nation would invade, 
Japan rapidly modernized, using Western 

ideas and technology to build up its armed 
forces and escape the humiliation of col- 

Similarly, the bureaucrats in charge of re- 
building Japan after World War II said it 
would be unrealistic for Japan to develop its 
own ideas and technologies. 

Japan was impoverished and lacked the 
i a basic 

resources to fund basic research, the bureau- 
crats argued, spreading their message through 
the nation's schools. 

“In Japan, we are taught from childhood 
that having opinions different to those of other 
people is usually frowned upon," said Kazuo 
inarnori. who founded the innovative ceram- 
ics company Kyocera Corp. 

See JAPAN, Page 10 


Cease-Fire on ‘Who Is a Jew?’ 

JERUSALEM (AP) — Prime Minister Benjamin Net- 
anyahu’s envoy to negotiations between rigorously Or- 
thodox and liberal Jews over conversions to Judaism said 
Monday that the sides were nearing a “cease-fire.” 

At issue is legislation demanded by Mr. Netanyahu's 
Orthodox coalition allies to encode into law the Orthodox 
monopoly over conversions in Israel. 

The bill threatens to chive a wedge between Israel and 
world Jews and has deepened tensions between secular 
Israelis and the increasingly powerful religious minority. A 
Likud lawmaker said the Orthodox were willing to com- 
promise if the Reform and Conservative movements halted 
a court battle to weaken the Orthodox monopoly over 
marriage, divorce, burial and conversion for Jews in Israel. 

LukeftamfA geace FrwtJNme 

WE DID IT! — Ernie Els, right, hugging his caddie, 
Sica Roberts, after winning the VS. Open. Page 22. 

Page 9. 

Page 22. 


Pages 22-23. 

| The IHT on-ime 

htto://'. jjj 

Mft* ^ 

I* Hi*. -- fi 



, **- 

The Dollar 

. - 


Monday 0 4PJM. 









_Y6n - - 


- 1143305 

- !¥- 

5.8395. . . 




Monday dow 






Monday Q4P-U- 

pmidui eftc* 





Tatarstan Chief Bargains 
For Moscow ’s Fading Might 

By David Hoffman 

Washington Post Service 


r l J- 

Newsstand Prices 

, 1.000 Din Maka-l..*;.. S5c- 

Cfcaus E 1.00 N igeria -125,00 Naira 

gewaik-14.roD.Kr. Oman. — 1.250 Rials 
«*nd F.M. Qatar- — 10.00 Ffab 
Qfefar , p 085 Rap. lreJand.JR E 1.00 
Gfefll Britain 0.90 Saudi Arabia .10.00 fl 
EgaJL.. .EE&50 a Africa mJT 12 +VAT 
- 1 JD UAE...— 10X10 Dth 

SH. 160 US. Mfl. (6ut) -.SI a) 

^700 Rta 2jmtabwe._ 2 ttlS 30.00 

2 5 

— On the banks of the Kama River here 
lies a beached, sick whale of Russian 
industry- Mountains of wheel hubs and 
tentacles of steel pipes feed into the 
cavernous assembly lines cif Ka m az, the 
largest ' heavy-truck factory in the 

Once a state enterprise nm from Mos- 
cow, Kamaz has been foundering since 
file Soviet Union's collapse, saddled 
with debts, huge losses, staggering en- 
ergy bfils, slumping demand for trucks 
and a restive workforce. Last year, the 
Kremlin tried to put Kamaz end of its 
misery, demanding $24 million in back 
taxes and threatening to into 

•But Moscow lost the fight toMin- 
timer Sbainuev, president of Tatarstan, 
a .semiautoflomous, oil-rich internal 

ing millions of dollars into the ailing 
company, Mr. Shaimiev’s government 
will obtain control of the largest block 
of Kamaz shares. 

That Mr. S haimi ev is taking over tins 
gigantic factory is only the latest ev- 
idence of a fundamental shift in Rus^ 
sia’s post-Soviet balance of power. 

The Kremlin’s might is waning, giv- 
ing rise to new barons of business and 
politics. Among them are regional 
bosses like Mr. Shaimiev, 60, who rose 
from a Tatar village to become a Soviet 
Communist Party functionary and a 
post-Soviet power broker. He has built a 
small personal empire within Tatarstan, 
a landlocked, multiethnic republic of 
3.7 million people in the Volga- Urals 
region, 450 miles (720 kilometers) east 
of Moscow. 

Tatarstan' is one of 21 republics inside 
Russia, most created in the early Soviet. 


An Israeli policeman grabbing a young Palestinian during clashes in the West Bank town of Hebron on Monday. 

Proposal Gives Israel Bulk of West Bank 

By Barton Gellman 

Washington Post Service 

Russian republic, which will soot scoop 

up the giant -Kamaz truck factory, 
exchange for paying its bills and pump- 

In oil, there are 89Russian reput 
autonomous regions. 

See BARONS, Page 10 

JERUSALEM — Prime Minister 
Benjamin Netanyahu, a vigorous critic 
of previous Israeli-Palestiman accords, 
has begun laying the groundwork for his 
own first proposal to settle the con- 
flicting national claims to the West 

Deliberately vague and not discussed 
openly yet, theproposai implies Israeli 
annexation of the larger part of the ter- 
ritory captured from Jordan in the 1967 
MiddleEast War. Among the lands that 
'would pass from Israeli military rule to 
outright Israeli sovereignty are the prin- 
cipal aquifers, columns of territory 
along the West Bank’s borders with 

Israel and Jordan, and a corridor from 
Jerusalem to the Jordan River that 
would cut the West Bank in half. 

The broad principles used to describe 
the plan suggest that Palestinians would 
receive three or four enclaves, amount- 
ing to roughly 40 percent of tire territory 
of the West Bank, drawn to enclose 
nearly all of the Palestinian popula- 

The Palestinian entity, lacking state- 
hood and possessing no border with 
Jordan, would be sandwiched between 
territories annexed by Israel and sliced 
by four east-west roadways controlled 
by the Israeli Army. 

Although Mr. Netanyahu treats (he 
proposal publicly as something “I’ve 
offered,” his government has not dis- 

cussed it with Palestinians and has no 
plans to do so. 

Drafters of the proposal, which has 
been outlined to cabinet members and a 
few journalists, said its primary goal is 
political — reassuring, in the main, to 
right-wing dissenters in Mr. Netan- 
yahu’s governing coalition and inten- 
ded as a challenge to the opposition 
Labor Party’s new leader. Quid Barak. 

Reports about the proposal come 
amid the most serious sustained impasse 
in Israeli-Palestinian talks since the two 
peoples reached mutual recognition in 
1 993. Palestinian leaders, who broke off 
talks when Mr. Netanyahu sent bull- 
dozers to East Jerusalem in March to 

See ISRAEL, Page 10 





Last of the ‘White Coolies’ / Hong Kong's Accidental Tourists 

End of the Empire for the Bartending Brits 

By Keith B. Richbuig 

Washington Pan Service 


ONG KONG — AJasdaix Houston came 
to Hong Kong because be wanted to get 
away from home. Andy Preddy stopped 
■ by on his way home. And Jean Paul Oliver 
came after getting drunk with his mate. 

They are part of an army of thousands of young 
British expatriates who came to Hong Kong to take 
low-end jobs as waiters, bartenders, airport con- 
struction workers, sandwich delivery boys, even 
shoes hine boys on the street For many first-time 
visitors to Hong Kong they are one of the most 
surprising sights and a quirky symbol of Britain’s 
fading empire — white faces in service jobs in a 
highly affluent Chinese city. 

They came to escape what they call the economic 
doldrums and the grime and the gray of home. Many 
came by accident, making a stopover on the way to 
more exotic Southeast Asian locales. They are here 
to make “a few quid” before moving on. 

“ When I left, it was really bad in England,” said 
Mr. Preddy, 26, a bartender at La Dolce Vita bar in 
the trendy Lan Kwai Fong neighborhood in die 
district known as Central. He left Blackpool and 
spent time working on a farm in Australia before 
landing in Hong Kong. ”1 was a bus driver. It was 
really stressful — robberies all the time.” 

He was on his way back to Blackpool, came here 
on a two-week stopover and never left. “It was so 
easy to get work," he recalled. “I was here only two 
hours and got a job.” 

Hong Kong’s native Chinese, whose $26,000 
median annual household income makes them 
wealthier than the typical British colonizer, often 
look with disdain upon these young English in- 
terlopers, labeling them “white coolies,” or, even 
more derisively, FILTH, which stands for Failed In 
London. Try Hongkong. But many restaurateurs 
and bar owners agree dial the young British ex- 
patriates fill a vita! need, taking the low-skilled, 
jow-wage jobs (hat few locals want or need. 

Now with Hong Kong set to revert to Chinese 
rule July 1, ending ISO years of colonial rule, the 
British expatriates are losing one of the last priv- 
ileges of empire — the right to move to Hong Kong 
and work without the burden of obtaining an entry 
visa or employment permit. 

The change actually took effect April 1. when 
new regulations allowed incoming Britons only a 
six-month tourist visa. Britons coming into Hong 
Kong before that date were still given mil, one-year 

g assport stamps — prompting a flood of young 
fits to leave Hong Kong for Macau just before the 
deadline so they could return to a final, 12-month 
residency. After a year, they will have to leave. 

“1 heard about it and made a quick trip to Macau, 
and made a bit of money at the Lisboa Casino" 
there, said Mr. Houston, skinny and boyish-looking 
at 20. He works as the bar supervisor at Dillinger’s, 
a popular watering hole for the “suits” from the 
investment banks and brokerage firms. 

He came to Hong Kong last year from a fishing 
village in Scotland after Finishing college and feel- 
ing bored with life. “I just wanted to get away and 
travel." he said. “I booked my ticket to Moscow, 

jetmi Mali Uu/Tbr Within# an Pm 

One. sight about to disappear in Hong Kong is that of white faces in service jobs 
in a wealthy Chinese city. Here, a bartender in La Dolce Vita, a popular dub. 

then the Trans-Siberian to China. I came overland.” 
His goal was to make his way to Thailand, but he 
said, * ‘I haven’t gotten there yet.” The lure here was 
too good — about $1,225 each month, plus tips, 
which can average as much as $130 a week. 

“I got here one night and gota job the next just by 
talking to somebody in a hostel," he said. 

Immigration officials estimate there are about 
25,000 British citizens living and working in Hong 
Kong — a few still holding key government jobs, 
many more working in banks and brokerage firms, 
and countless others who came here as backpackers 
and have taken up temporary work. 


j HE expatriate staffs give some popular 
Western-style bars and pubs a certain in- 
ternational flavor, adding a working-class, 
cockney accent to a Chinese city. 

“My personal opinion is it’s really nice to have 
some variety,” said Siria Montebugnoli, manager 
of La Dolce Vita. “I believe in variety.” Already, 
she said, she has started recruiting local Chinese. 
“Certainly the expat staff in bars will have to be 
replaced by local staff.” 

Of all the accidental tourist stories, few have it 
over the story of JeanPaul Oliver, who also works at 
Dillinger’s. Oliver, 22, who sports sideburns and 
polls his dark hair back into a ponytail, said he never 
intended to come here at all. He was seeing off a 
friend, and the two went out for a few last pints. 

“We were having a couple of beers, Oliver 
said. By die time they got to London’s Heathrow 
Airport, “we were just drunk.” Then his friend laid 
down a challenge. “He said, ‘Have you got your 
passport?’ I sai<£ ‘Yeah.* And he offered to pay my 
way if I came with him. ” 

He arrived on a Saturday and started bar work die 
following Thursday. “It’s ridiculously easy," he 
said. “AH you have to do is go to the immigration 
office and get an ID card.” He added, “I didn’t 
expect to see so many English people here. There 
are hundreds and hundreds." 

But with Mr. Oliver and most of the other foreign 
bartenders set to leave next year when their visas 
expire, the expatriate British bartender scene — like 
Union Jack flags, portraits of the queen and the firing 
of the noonday gun — seems destined to become 
another relic of Hong Kong’s colonial past 

Top General Defends * M 
U.S. Choices for NATO 

Only 3 Nations Qualify Now, He Says 

By Brian Knowlton 

Inunuamat Herald THbune 



Witness Lee. j bondslave of 
Chrisi Jimi». huvim: l.ihorwJ xelf- 
lessl\ ihmuulkuit his cm ire life 
and having pourcJ out his being 
for his Lord's interest, rested from 
his labor anil went jo he with the 
Master, whom he loved and 
served. He depaned i«n June 9. 
W7. ji the ace of y l. Bom in 
Wl? in nonhem China. Witness 
Lee »as raised in a Christian I unt- 
il}. At age id he was fully cap- 
tured lor Chrisi and immediately 
consecrated himself n« preach the 
gospel lor die rest of his life. 

Early in his service. Witness 
Lee met Watchman Nee. a re- 
nowned preacher, teacher, and 
writer. Witness Lee labored to- 
gether u iih Watchman Nee under 
his direction. In 1*13-1 Watchman 
Nee entrusted Witness lj?c with 
die responsihiliiy lor his publica- 
tion ujvnuinn. called die Shang- 
hai Gospel Bonknmni. 

Prior to die Communist take- 
over in I '14*1. Witness Lee was 
sent by Wjidinun Nee and his 
other ci vw inkers m Taiwan to in- 
sure that the things delivered to 
them by die LunJ would not be 
lost. Watchman Nee instructed 
Witness Lee to continue the for- 
mer's publishing operation 
abroad as the Taiwan Gospel 
Bookpvnn. w hich has been pub- 
licly recognized as the puhlMicr 
of Watchman Nee's works nut- 
side China. Witness Lav's w i irk in 
Taiwan maniicslcd the Lord's 
abundant blessing. From a mere 
350 believers, newly tied from 
the mainland, the churcJtes in Tai- 
wan grew to 20.000 in live years. 

In I tt h2 Witness Lee felt led of 
the Lord to come to the United 
States, settling in California. Dur- 
ing bis 35 years of serv ice in the 
L.S.. he ministered in weekly 
meetings and weekend eonler- delivering several thou- 
sand spoken messages. Much of 
his speaking has since been pub- 
lished as over 400 titles. Many of 
these have been translated into 
over 14 languages. He gave his 
last public conference in Febru- 
ary 1*W7 ,u the" aac of ‘>| . 

He leaves behind a prolific 
presentation of the truth in the 
Bible. His major work. Life-study 
nf the Bible, comprises over 
25.WW pages of commentary on 
every book of the Bible from the 
perspective of the believers* en- 
joyment and experience of God's 
divine life in Christ through the 
Holy Spirit Witness Lee was the 
chief editor of a new translation 
of the New Testament into Chi- 
nese called the Recovery Version 
and directed Lhc translation of the 
same into English. The Recovery 
Vtrsion also appears in a number 
of other languages. He provided 
an extensive body of footnotes, 
oul lines, and spiritual cross refer- 
ences. A radio broadcast of his 
messages can be heard on Chris- 
tian radio stations in the United 
States. In 1965 Witness Lee 
founded Living Stream Ministry, a 
not-for-profit corporation, located 
in Anaheim. California, which of- 
ficially presents, his and Watchman 
Net's ministry. 

Witness Lee's ministry em- 
phasized the experience of Christ 
as life and the practical oneness of 
the believer, as the Body of 
Christ. Stressing the importance 
of attending to both these mailers, 
he led the churches under his care 
to grow in Christian lire and func- 
tion. He was unbending in his 
conviction that God’s goal is not 
narrow sectarianism hutthe Body 
of Christ. In lime, believers began 
to meet simply as the church in 
their loculi! ies'in response to this 
conviction. These local churches 
were soon established throughout 
all the Western hemisphere. In 
recent years a number of new 

ihurehes have been raised up in 

Russia and in marry eastern Euro- 
pean countries. 

Witness Lee Lx survived by his 
wife. S children. 23 grandchil- 
dren. and 17 great-grandchil- 
dren. The continuation of his 
ministry will be borne by the 
many cn- workers he raised up 
throughout the earth, and his pulv 
iicalion work will he maintained 
by Living Stream Ministry. 

WASHINGTON —The chairman of 
the Joint Chiefs of Staff, General John 
Shalikashvili, on Monday strongly de- 
fended the U. S. preference to admit 
only three new members to NATO ax 
this time, but said the alliance should 
draw other applicants steadily closer, 
enhancing the Partnership for Peace and 
“bringing them inside die fence*' at 

Stepping up their training and in- 
volvement in the Partnership, designed 
by the North Atlantic Treaty Organi- 
zation to foster military cooperation 
with East and Central European na- 
tions, he said, would “send a signal to 
them that we’re very serious” about 
further enlargement. 

The general, explaining the U. S. 
vow to support only Poland, Hungary 
and the Czech Republic when NATO 
leaders meet next month in Madrid to 
discuss enlargement, said that “it 
makes eminent sense" to accept those 

They enjoy wide support among the 
allies, he said, and have come far to- 
ward political democratization and an 
opening of their economies. 

Romania and Slovenia, despite their 
backing from France and other members, 
are “not quite as ready,” he added. 

The general rook pains to insist not 
only that those two and other rejected 
candidates for membership would not 
be forgotten, but also that NATO would 
actively draw them into its embrace 
until it is ready to accept a second 

• He said NATO should do “qual- 
itatively more” with the spurned can- 

At the alliance's headquarters at 
Mods, Belgium, he said, representa- 
tives of the Partnership for Peace coun- 
tries are “in a separate building outside 
the fence.” 

“The first tiling we need to do," he 
said, “is physically and meniall y bring 
the Partners inside the fence so they can 
feel they’re really part of the structure” 
in matters apart from the core NATO 
obligation: mat each member should 
view an attack on another member as an 
attack on itself. 

He said military exercises for these 
countries should become “more and 
more militarily challenging, so they 
prepare them better for the kind of Bos- 
nias of tomorrow, however strenuous 
and stressful they may become." 

General Shajikashvili said training 
should be stepped up in matters of com- 
mand and control, and on the conduct of 


Comeback for Smaller Aircraft 

PARIS (AFP) — Travelers will find themselves riding in 
more turboprops and small jets in the years to come, as cost- 
cutting airlines pull bigger aircraft off low-density routes, 
industry executives said Monday. 

Competition is stiff at the Paris Air Show this week in the 
"regional aircraft" sector, airplanes that cany 15 to 90 
passengers over relatively short distances. 

Pierre Lortie, president of the regional aircraft unit of 
Canada’s Bombardier Inc., said that airlines could no longer 
justify the cost of flying Boeing 737s or Airbus A320s on 
routes that have a limited number of passengers. 

Bangladesh to Upgrade Airport 

DHAKA, Bangladesh (AFPj — Os many airport in the 
northeastern district of Sylhet is to be upgraded to become 
Bangladesh's third international airport by the middle of next 
year, a minister said Monday. 

Mohiuddin Khan Alamgir, state minister for civil aviation 
and tourism, told Parliament that new customs and im- 
migration facilities were already in operation and that the 
runway was being extended to take wide-bodied jets. 
Bangladesh’s two other international airports are in Dhaka 
and the southeastern city of Chittagong. 

Alter five weeks of fruitless job action, Serbia’s doctors 
on Monday closed the main clinic in Belgrade, hoping to 
pressure the government into paying back salaries. (AP) 

Italian airport workers’ unions say they will stage a 
national strike on June 25, the latest stoppage in a protracted 
dispute over working conditions and job cuts. Unions said that 
the four-hour strike would begin at 10 AJA. ( Reuters ) 

Turkish Leader 

BiU to Close Casinos protabte membere 

The Associated Press 

ANKARA — President Suleyman 
Demirel vetoed a bill Monday to close 
casinos in Turkey and asked Parliament 
to consider creating special gambling 
zones, Las Vegas-style. 

A statement from the presidential 
palace said Mr. Demirel overruled the 
measure on grounds that it would harm 
Turkey's credibility with investors, 
force Turkey to pay out large amounts in 
compensation and hurt tourism. 

Parliament approved closing the 
gambling bouses earlier this raootb after 
a campaign by the Islamic-led govern- 
ment of Prune Minister Necmettin 
Erbakan. Gambling is a sin under Islam. 

General Shalikashvili told a small group 
of reporters at his office in the Pentagon, 
had large and competent military forces 
and had made important strides polit- 
ically and economically. All had con- 
tributed importantly to the peacekeep- 
ing operation in Bosnia, he noted. 

In a next round of enlargement, he 
added, Romania and Slovenia will be 
“very strong candidates.” What is 
lacking from both, he said, is "a mul- 
tiyear, sustained effort” 

Although officials of those two coun- 
tries said they were surprised when the 
United States said unequivocally last 
week that it would support only Poland, 
Czech Republic and Hungary, that has 
long been the U. S. position, and will 
almost certainly be the position ulti- 

' rittjttly adopted in Madrid. ^ 

, ‘ The membership question is not 4? 
bniy oat awaiting the session in Ma£ 

rid, v - ■ 41 

France has been pressing the United 
States to agree that the alliance’s South- 
ern Command, based in Naples, btf 
placed under a European commander 
not an Americas. * 

General Shalikashvili said the United 
States agreed on the need for a growing 
European role in the alliance, but lit 
dismissed the Southern Command 
complaint. That, he said, “»* question 
only in the French mind.” 

General Shalikashvili, a four-sta( 
army general whose term as the. United 
States’ senior uniformed officer ends 
Sept. 30, is a former Supreme Allied 
Commander Europe. 

Limiting the number of new mem-' 
bers now, he said Monday, would help, 
the allian ce preserve cohesion and also’ 
stretch out costs. ‘ 

Estimates for the cost of enlargement 
have varied widely. The Pentagon has, 
put the total cost at S27 billion to $3fi 
billion over 10 years, and said it would* 
expect the United States to pay $1.5. 
billion to $2 billion of that, or $150; 
million to $200 million a year. 

Other estimates, however, have been! 
far higher. The Congressional Budget; 
Office has put the total cost at S125- 

Without budging from the lower es- 
timate, General Shalikashvili said that- 
the cost of integrating new members —I 
from buying weapons and upgrading; 
military bases to integrating commu-- 
ideations, command and control svs-| 
terns — might be “slightly higher. * *’* ; 

• Regardless, he said, the costs would’, 
be small compared to the increased sta-; 
bUity enlargement would bring; 
Europe. * ! 

Slovenia’s backers had argued that; 
giving membership to that small former' 
Yugoslav republic would have simpli-! 
fied membership for Hungary by ere-; 
ating a “land bridge” between Hun-* 
gary and Italy, a NATO member.; 
Hungary shares no border with a NATO ; 

That, said General Shalikashvili.; 
might have been a problem in Cold War; 
days. But Hungary served as a staging’ 
base for NATO troops in the Bosnian ; 
operation, he noted, and there had been; 
no difficulties gening troops and sup- ! 
plies there by train or plane. 

He would not speculate, however, on • 
how far the alliance, bom in the early; 
Cold War years as a bulwark against; 
communism but now, undergoing a vast ■ 
re-examination of its role, might even-; 
tualiy expand. 

A key to preserving- NATO effec- i 
tiveness. General Shalikashvili said,; 
will be maintaining good relations with ; 

Without such a relationship, he said, I 
“we are in danger of having a Europe; 
that’s once again divided — all we will ! 
have done is moved the Iron Curtain; 
maybe from one side of Poland to the ■ 
other." ; 

“TTiis is an opportunity to build a 1 
different Europe — not one where one 
side is prosperous and stable and feels 
secure because of the collective defense 
aspects of the alliance," he said, “and 
the other half feels insecure, econom " 
ically underdeveloped, concerned 
about where Europe is going. " ■ 

“This is an opportunity that is just 
absolutely unique,” he said, “but it 
won’t last long, we can’t sit here 


Offshore... companies, trusts, 
bank accounts, credit cards, 
legal second passports, 
alternative citizenship, tax free 
residency... expertly arranged 

The Offshore Professionals 


Established in 1 977 

Tel +44 1624 8Q18Q1 
Fax +44 1624 801800 
http: //www.lCSLcofn 











12/53 pc 

22 m 

1681 a 



7M4 pc 


lire? c 



7/44 PC 


itha a 



23/79 a 

34*0 25777 B 


2 area 






17/82 pc 


1 W 86 a 



048 pc 





8/48 pc 


12/53 c 



16/BI pc 





U*8 pc 



Carta Dr* So 


14/57 pC 


14/57 a 


17 mz 

11/52 pc 










17/82 pc 


I9/S6 pc 



SMS pc 







13/65 c 





18/84 a 


22771 a 




24775 11/92 r 



17/92 a 


184*4 B 



12/53 pc 


isre# a 





11/52 c 



12/53 pc 


11/63 *1 



16/91 O 


16/BI c 



17/82 pc 


1684 C 



tares C 





Ota ah 


11/52 r 





1050 ah 


1102 01 



10/50 pc 


12/53 c 




8/48 pc 



9MB pc 



12/53 r 

11*64 1050 r 



19186 po 


22/71 e 

Sl Paurebwa ie/W 

121® c 







8/48 *1 





12/53 pc 



12/33 r 


1650 r 



ISWl ah 




i area pc 




» USB pc 





11/52 pc 





12753 r 



Middle East 

Forecast for Wednesday through Friday, as provided by AocuWeather. 

North America Europe Asia 

Showers and thunder- Partly to mostly sunny from Sunny and hot In Betting 
storms wis rumble across Italy to Greece and the Wednesday, then thunder, 
the Eaal from Tennessee Balkans. Turkey wHI also storms followed by cooler 
to New York Wednesday be warm with some sun. weather Thursday and Fri- 
and Thursday, then dry but a lew spots w» have a day. Partly sunny aid very 
with sunshine Friday, thunderstorm. Most of warm In Seoul with a thurv 
Waim and dry from the France and southern Eng- derstoim Friday Humid fo 
Southwest into the central land, including Paris and Tokyo wfch some showers 
Plains Sunny and ntee In London, wilt be pertly end e Biunoeretotm. Saak- 
1,1 ® Northwest, but the sunny and pleasant Soak- Ing rains will tall across 
northern Plains will neve mg rains will tall In Sea- south-central Ciena 
thunderstorms land. 

North America 



aortas am* 

37798 19/96 S 
31/89 13/SSi 
2802 12/SSs 

41/10G 2ST7S I 
27*80 3)08* 
3W tones 
33S1 1*57 s 
sons iEse B 








U* Angelo* 


M* LarV 

22m lOBOpc 
31/88 21/70 pc 
24/76 Iflttt C 
26/70 1*67 pc 
Sine 22711 
27X80 ISKSpc 
26/79 1SW pc 
30*6 2373 pc 
3SW1 24/75 1 
3OT6 17/82 a 
SOW 24775 pe 

19/98 W48 0C 
31/88 30*81 
24/75 18794 «h 
27/80 TOB1 
sane 21/70 pc 

30/96 13/56 pc 
24/75 16*11 SO 
3209 23/73 pe 
3M1 22/71 1 

n/84 lent pc 
32/83 24775 pc 


Now York 

Son Fran. 






High LewW 
24/75 tans 1 
21/70 tent 1 
31/B9 23773 pc 
27/00 19601 
VKO 2973 pc 
407104 26779 a 
34/75 13/66 pe 
2008 1 1762 eh 
2373 1 1752 pc 
10106 7/44 1 

area aw et 


Nigh Low W 
28*2 15/5* pc 
23773 1 8/64 I 
31/58 23173 pe 
27/00 2(1/88 pc 
33/91 22/71 pc 
*07104 28 ns a 

23/73 tacepo 

2068 048 c 
23/73 14/57 r 
17/82 8/43 pc 
30/86 21/70 pe 





Law if - 


c/f at 



1 7*62 pc 

33/91 ISBfipc 



3 use 21/70*5- 

3 sm 


32/83 24/75C • 


23ST1 c 

27/PO 23/731 - 



SUM 2W77 1 , 



2W84 s 

3»ioo 2&-«:pe 

Chang U* 


2373 Sh 

32.-05 23.73 c ’ . 



25/77 S 

3605 74/75 pc . 



3 1/88 1079'' 



23/73 pe 

32«9 23/73 pc 

Hong Kong 


2477S r 

2682 24.75 r 



2677 s 

4-VID9 26/79 5“ . 



3DSK 9373pe. 



3*93 26/79* 

K Lanywr 


2£<7I pc 

31*88 22/71 pc _ 

K Bnefadu 


21/70 pe 

31-88 2oreapc 



SVm 2373 pe . 



2684 PC 43KB 239* * _ 

Phnom F*m 


3J.-83 2375 P». 


32/99 2475 C 



24/75 sti 

32-88 2373 C . 



3089 19/65 po 



1684 s 

57/80 IMBpC 



31/98 21 70 00' 



27/80 2668s . 



21/70 Sh 

?4/75 2373 r J 



28179 r 

23(84 2679 r - 





2*73 li’.’Et , 

Cape Town 


3-37 C 

]OS7 5/41 8 J 



12753 a 

rsreBpe . 


27/BO »8t , 


32/71 e 

jfliac 2271* ; 



2*75 It'S! Pf , 




3S700 2879 pc J 

Latin America 

48/113 21/70 a 45/113 21/70* 
447111 298* a 43/108 28*? a 



.Hca.W-WeaBwr. AS map*, forecasts and feta provided Py AccuWoaDwr, toe. © 1097 

Buanoc Aaas 


OT c 

,1/H U3( 



30/86 2475c 



1661 c 

2688 1WC 


28 na 

11-65 pC 

2* 7S 1*56 C 

Pto doJaroao 24 m 

16-61 S 

3*76 19-66 t 



3/3J i 

14/57 4»>9 




14/57 14/37 ih 
1061 8/4* e 



0*8 r 

A two-month trial 


Save up to 60 % 

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














55' - 





60 s .i 














00 L - 












































! 1 .700 
















55 c --> 



*3, / would Out fo Sort receiving fo International HmoU Tribune. 

□ My d endwed (payable to Tte ffflj 

Oforgemy; DAmex □Drnen □ VISA □ Access □ MastaOfrd □ Eurocard 
r or ex-US and Alien prim, awi r curds wil be charged n French From d current rata. 


Home lei Kfo;_ 
E-Ma3 Address-. 

Busina* lei No- 

Cord No:. 

Exp. Dote:. 


j0»ihi*«pyoftelHTa7. □Icfosk □ hotel □airtns □ other 
□ I do not wuh to r*c&vn information torn asher rorch/Sy screened eomponta 
Moil or fex to- International Herald Triune 


| For business orders, intfaefe your VAT No : . 

Wf/Mn/Ms Fam i ly Nome:- 
fim Nome-_ 

m VAT Number RJ74732021 1261 

181 Aw. 

. Job Title;. 

Matng Address:. 
Gty/fa dri 


85° WAw. New York N Y. 10022-6275. USA 
Fox+l 212 755 8785 Free) I -BOO-882-2384 

7/f Mcfaysia BUqJOJ G lowester Rd. Wandwi. Hong Kang 
Fgbc +852 2^22 1 199. fel +852 2922 1 171 
E-MaS/ /bn aubfhkOfhthtcxom 

Otter tobo tor new subsenbers criy 



Primed by Xcwsfax International, London. Registered as a newspaper at the post office. 

era! l) e f e ,, . - ™em 

ices for ^ Clinton Weighs Apology for Slavery 




\miitms Qualify f . 


. i‘; ’S i r_. . 
ft ■ ly.” ayi iai^ T ■, 

i X : : : 

itSkr^s- .. 

•i, Ifif-i .... 

• i Ki- : ■ « fry?.. 

« .i,, Ki i. - 

*1.1 L tr^li ?1= si*.* ;-. 

. f’fc ■*: ■.. * > • ■ 

Hr; *" ■ .v ■ 

,i; : -~.*_ -.lV* ' : - 
.-vurr.f ajh; ift.*: 

A»V ; V« » sr *-i.- ■ =; ts*- 

if .f > — rkr* T=*. . 

. ’Cj: * [ f m J ivfs ?; ?; . ; 
fcWi' J.a: -*iJrS irirev.v: 

L'Tf-»t‘. ; -r j'.tj; 

s*:-v £u*.'-: >-. •> 

ft*** Srx‘ 

*•' /in, l\j 
l(C7i2 CTl.. 

* - ««.•.■■. 


ieriAf^ ...■ 

E 3 ^ =*V “•’■!..••: • -.-.i‘..-= 

jj. a -• •. 

Jilt ITii = '■?:;■ 

jsr"<&T-Ttf. c ---nr- •?: 

^■S-Jtrr •*. r 

-.:r : 

■* «-?' ?**• c • »- r t »►. . s- : - 

jT: - — --.V : "r • 

j- -«;. .Jr- ; 

- ..W' -.v . 

“T i:; : ' - r.vr-irr? 

• . *'■•-- ' ■•-j r -r-' 

A V-t-:. s'* *-•. . 

if i ;■ _ 

i.*? •-••• ■ * • *v - V -* i v > , 

- ■ V cry sit ? £*ft.V>*T tr- 

H~’.*: v r.-.--:-— 

. i=r- sv ”.-7.* *. :: 

=?•. -% = : 

S'i^ ^ _•! — 

r; . rlsAV v. 



By Peter Baker 

Was trntm Post Service 

began his drive to improve 
race relations in America, 
president Bill Clinton sug- 
gested that he was open to the 
politically volatile idea of is- 
suing a national apology to 
blacks whose ancestors had 
been sold into slavery. 

1 The proposal emerged last 
week in legislation intro- 
duced W a dozen white mem- 
bers of Congress, who argued 
that a formal statement of re- 
gret would help bind the 
wounds that still sting 1J4 
years after President Abra- 
ham Lincoln signed die 
Emancipation Proclamation 
freeing slaves in the Confed- 
erate South. 

“An apology, under the 
right circumstances, those 
things can be quite impor- 
tant?' Mr. Clinton said in an 
interview shown Sunday on 
CNN. “Surely, every Amer- 
ican knows that slavery was 
wrong and that we paid a ter- 

rible price for it and that we 
had to keep repairing that 
And just to say that it’s wrong 
and that we're sorry about it is 
not a bad thing. That doesn't 
weaken us." 

Mr. Clinton stopped short 
of committing himself to the 
notion, saying he wanted to 
think it through. He has used 
such symbolism in the past, 
apologizing in 1995 to- vic- 
tims of Cold War radiation 
experiments and just last 
month to black Alabamans 
who had been left untreated 
for syphilis as part of the so- 
called Tuskegee experiment. 

The CNN interview was 
taped Saturday in San Diego, 
just after Mr. Clinton de- 
livered what he intended to be 
a landmark speech on race 
that would start a yearlong 
national dialogue on relations 
among Americans of differ- 
ing racial and ethnic back- 

He appears to have suc- 
ceeded, at least, in focusing 
media attention. Aides boas- 
ted that even before his 

speech Saturday, CNN had 
aired nine stories on the topic 
in the past week, and tele- 
vision talk shows Sunday ex- 
plored file issue. 

Without being asked, Mr. 
Clinton gave interviews to the 
major U.S. broadcast outlets 
as well. 

Using stronger language 
than in his speech, Mr. Clin- 
ton told CNN that rolling 
back affirmative action — as 
the voter initiative called Pro- 
position 209 will do in Cali- 
fornia if it survives a court 
challenge — already has had 
a “devastating" impact on 
minority-group enrollment in 
graduate schools. 

His increasingly tough at- 
tacks on such measures con- 
trast with his rone a year ago, 
when liberals complained that 
he had downplayed his op- 
position to Proposition 209 for 
fear of being on the wrong side 
of a big election-year issue. 

Mr. Clinton dismissed such 
criticism as unfair. 

“If they say that, they just 
weren’t paying attention," he 

Clinton ‘A Spoiled Brat ’ 

WASHINGTON — The Senate majority 
.leader, Trent Lott, has accused President 
Bill Clinton of acting “like a spoiled brat’ ’ 
in his dealings with Congress and vowed to 
hang tough in fights with the White House 
over the details of tax-cutting legislation. 

“He acts like a spoiled braL He riirnire 
he’s got to have it Iris way or no way, ” the 
Mississippi Republican said in an interview 
on ABC. 

Mr. Lott's unusually personal and 
acerbic comments about the president fol- 

- lowed the capitulation by congressional Re- 
publicans to Mr. Clinton on an $8.6 billion 
-disaster relief bill last week and signaled a 
Republican attempt to recoup by going on a 
public relations offensive on taxes. 

“We’ve got to do a better job of making 
sure he understands, insisting on this Con- 
gress being a co-equal branch of govern- 
ment," Mr. Lott said. “We haven’t been 
doing a good job of that." 

When asked about Mr. Lott's comments 
after a holiday brunch with his wife and 

- daughter at a local riverside restaurant, Mr. 
Clinton said only, “I wish him a happy 
Father's Day?' according to Reuters news 

Mr. Lott acknowledged that Republicans 
.bad been caught short when they had to 
abandon initiatives dealing with govern- 
ment shutdowns and the census after they 
lost a test of wills with; Mr. Clinton, over 
whether to add the provisions to the disaster 
relief measure. 

, . He defended the effort but attributed the 
defeat to Republicans’ failure in "getting 
oar message out" and said that mistake 
.would not be repeated on the tax bill. 

“Beginning Monday, we’re going on the 
. offensive in trying to explain what’s in the 
bill why it’s important to working Amer- 
icans and what the president is up to," be 
said. He did not spell out details, but an aide 

said senators, staff members and outside 
groups would be “speaking out on what’s at 
stake." (WP) 

N.Y. Rent Laws Expire 

ALBANY, New York — Rem control 
laws that allow millions of New Yorkers to 
enjoy below-market rents have expired, but 
not before a deal was struck to placate 
anxious tenants and force wealthy renters to 
pay more. 

Lawmakers said they would send the 
state legislature a bill that extends the rent- 
regulation system, with modifications, for 
six more years. 

The plan would continue rent protections 
for all but the wealthiest among the 2.7 
million people in 1. 1 million rent-regulated 
apartments, most of them in New York 

However, the deal allows landlords to 
increase rents by at least 20 percent when 
apartments become vacant, with greater in- 
creases if those apartments have been held 
by the same tenant for eight years or 

An additional $100-a-month rent in- 
crease could be added for stabilized apart- 
ments that rent for $300 or less a month on 
top of the other vacancy “bonuses" land- 
lords can collect. (AP) 

Quote /Unquote ... 

Andy Schneider, an analyst' at tire Center 
on Budget and Policy Priorities, arguing 
that the Republican Party is pushing 
through complicated changes to Medicare 
and other social programs with little time 
for reflection or thoughtful probing: “This 
is very important stuff, long-term structural 
change, being passed without hearings and 
on a totally crazy time frame. Given the 
scope of these changes, this is extremely 
unfortunate?’ (WP) 

Justices to Rule on Funding 

Campaign Spending of Pro -Israel Lobby Is at Stake 

CanfSMbjOor Stiff Fran Dupothn 

Supreme Court agreed Mon- 
day to decide whether federal 
regulators misinterpreted the 
law when they exempted a 
pro- Israel lobbying group 
from disclosing its spending 
in connection with political 

If the high court rules there 
was an error, the group, the 
American Israel Public Af- 
fairs Committee, would have 
to make regular reports about 
its contributors. 

Such a decision also would 
mean that the pro-Israeli lob- 
bying group would have to 
Innit its campaign contribu- 
tions to no more than $1,000 
per candidate. 

A lawsuit ch a l leng in g the 
1992 decision by the Federal 
Election Commission that ex- 
empted the lobbying group 
was filed by six individuals. 

They include James Akins, 
a former U.S. ambassador to 
Saudi Arabia, and Paul Find- 
ley, a former congressman 
from Illinois. Mr. Findley has 
accused the American Israel 
Public Affairs Committee of 
helping to prevent his re-elec- 
tion in 1982. 

Specifically, the justices 
will review a federal appeals 
court ruling that ordered a 
change in the way the Federal 
Election Commission decides 
which groups must disclose 
money spent to help individu- 
al candidates. The election 
commission is asking the Su- 
preme Court to overturn the 
appeals court ruling. 

The justices’ decision, ex- 
pected sometime in 1998, 
could provide important new 
guidelines for spending 
“dos” and “don’ts" under 
(he complex political cam- 
paign-funding system. 

Clinton Selects Awa * From Po,itics 

. •Three men beat a NASA comput 

T I-i YIT7AI t enlist to death as he took an evening 

XilbDUn X-ill T U y baffling the police in an affluent conn 

w that has foiv murders. Herbert Kay. 3 

Washington Post Service 
WASHINGTON — ' A Washington 
co mmunications lawyer, Gerald 
McGowan, will be named U.S. arnbas-^ 
sador to Portugal- Mr- McGowan, who 
with President Bill Clinton 
ngetown University, will re- 
' place Elizabeth Bagley Frawley. 

A tentative line-up has emerged for 
■ ambassadorial posts in the Middle Eastlt 
appears that a career foreign service of- 
; freer. Edward Walker Jr., ambassador to 
Egypt, will replace Martin Indyk as am- 
^ baaador to Israel. Mr. Bums was No. 2 to 
Secretary of State Madeleine Albright 
when she was at the United Nations. 

William Burns, a former deputy m the 
^ State Department’s policy planning de- 
partment, may become the U.S. envoy to 

said. “I came out against 209 
evety time I was in California 
and every time I was asked 
about it," 

But Mr. Clinton’s reluc- 
tance to endorse the slavery 
apology outright and the 
quick criticism from some 
conservatives of both that 
proposal and the president’s 
overall strategy indicated just 
how rancorous his new na- 
tional conversation may turn 
out to be. 

The apology legislation, 
which has six sponsors from 
each major party, stales that 
“the Congress apologizes to 
African Americans whose an- 
cestors suffered as slaves un- 
der the Constitution and laws 
of the United States until 
1865," when the 13th 
Amendment formally abol- 
ished slavery. 

The House speaker. Newt 
Gingrich, Republican of 
Georgia, last week derided 
tire measure as an empty ges- 
ture that would do nothing to 
improve the plight of children 
living in poverty. 

On the ABC network Sun- 
day, the Senate majority lead- 
er. Trent Lott, echoed those 

“I probably would not vote 
for it,” the Mississippi Re- 
publican said of the apology, 
“because 1 think we should 
be looking to the future, talk- 
ing about the things we need 
to do to work together." 

Ward Cooneriy, the black 
California businessman who 
championed Proposition 209, 
called the apology “absurd" 
and unproductive. 

“Apologizing for slavery 
is probably one of the 
dumbest things anyone could 
do,” he said on NBC. 

Sitting next to him, the 
civil-rights leader Jesse Jack- 
son offered softer criticism. 

“It’s not dumb," he said, 
“but it's not a good thing. It 
has no substantive value to 

Asked about the possibility 
of an apology, the head of the 
president's panel studying 
race relations replied that he 
could not say whether one 
would be proposed. 

Another panel member, 
Robert Thomas, who is pres- 
ident of Nissan Motor Coip., 
said an apology “certainly is 
something that we would 
consider as an advisory 

Rebels escorting captive Colombian soldiers to a ceremony in which they would be returned to the government. 

In Colombia 9 Hostages for Land 

By Diana Jean Schemo 

New Ynrk Timm Service 

Colombia — With the flags of a clandes- 
tine rebel movement held high and its 
anthem playing in the town square, 
Colombian rebels freed 70 national sol- 
diers and marines after the government 
agreed to cede temporary control of a 
swath of territory to the insurgents. 

The agreement involved military 
evacuation of roughly 5,500 square 
miles (14300 square kilometers) and 
ended an ordeal that had gone on for 
□early a year. 

The rout of government troops last 
August at Las Delicias, where 60 of the 
servicemen were taken prisoner and 
about 30 died, became a barometer of 
disarray in a country paralyzed by an 
apparent lack of presidential authority. It 
underscored the growing power and au- 
dacity of the guerrillas and deepened 
divisions between the military and the 

[President Ernesto Samper, in a tele- 
vision interview, told Colombians he 
was satisfied with the arrangement, 
Agence France-Presse reported. "The 
freedom of the soldiers proves to us also 
that when there is a will, peace, as far and 
difficult as it may seem, can always be 

possible." He welcomed the former hos- 
tages home "on behalf of all Colom- 

As they were freed Sunday, many of 
the young soldiers collapsed in te;irs, 
clinging to family members who had 
journeyed over craggy, waterlogged 
roads to be reunited in this remote 
pueblo in the country’s southern coca- 
growing region. 

Also freed were 1 0 marines ambushed 
by the rebels in January. "1 am so happy, 
so happy, to know that the end of this 
nightmare has become a reality and that 
I have my son in my arms once again." 
said Generes Tavares, clutching her son. 
Angeles Morales Tavares. 

At a news conference Sunday, the 
soldiers said they had been treated hu- 
manely. They denied reports from the 
rebel group, the Revolutionary Armed 
Forces of Colombia, that some of them 
had wanted to join the guerrilla move- 

The freed captives were flown to Cart- 
agena de Chaira by helicopter. Repre- 
sentatives of six countries, the Inter- 
national Committee of the Red Cross 
and the Carter Center in Atlanta were 
among the international envoys witness- 
ing the handover. 

The guerrillas said they were freeing 
the young men as an act of humanity , and 

In another decision Mon- 
day, dbe Supreme Court re- 
fused to give a financial break 
to people who file for bank- 
ruptcy protection and are al- 
lowed to keep property over 
the objections of creditors. 

Such people still must pay 
for property they are allowed 
to keep, including cars or 
homes bought on credit. 

Ruling 8-1 in the case, the 
court said that people must 
pay the amount it would cost 
to buy a replacement car or 

A Texas couple wanted to 
pay a lower amount based on 
what their truck would have 
brought if it were foreclosed 
and sold. 

But bankers and groups 
representing car manufactur- 
ers had urged the justices to 
rule a g ainst the Texas couple 
and make them pay the higher 
cost (Reuters. AP) 

In Brussels, Alexander Vershbow, se- 
-nwr director for Europe al the National 
'Secu rity Council, could replace Robert 
Hmner as chief U.S: delegate to NATO- 

• Three men beat a NASA computer sci- 
entist to death as he took an evening stroll, 
baffling the police in an affluent community 
that has few murders. Herbert Kay, 38, was 
attacked in central Palo Alto, California, near 
his home. It was the first homicide this year in 

the city 27 miles (43 kilometers) southeast of 
San Francisco. (A?) 

• A $6 million effort to kill the Mediter- 
ranean fruit fly to protect Florida’s citrus 
mdustry continues amid criticism that ntala- 
tirion, the chemical spray being used, is un- 
bealfliy. Officials say the chemical is safe but 
urge residents to seek shelter from the spray. 


.• While searching for possfote iUegal im- 
migrants in rugged terrain, a Border Patrol 
agent fell to his death. Stephen Starch, 25, 
stationed at El Cajon, California, died of he«l 
injuries. There was no sign of foul play. (AP ) 

• A five-year study of the educational pro- 
gress of 2,400 children of immigrants inSan 
Diego has found that, they quickly embrace 
English over their parents' native tongues, 
contrary to the fears of anti-iramigraoou 
groups; (LAi) 

Insight into a city takes decades to 
acquire and just a moment to share. 

One World, One Hotel. 
Uniquely Inter-Continental. 




this lown was decked out wtith white 
bows and streamers. Girls and young 
women in town dressed in their Sunday 
best, many wearing white, and slogans 
of the revolutionary movement were 
stretched across the streets. 

“It's humiliating, it’s denigrating?’ 
an official from the president's office 
said, looking over the square, “to have 
to take orders from these guerrillas?' 

But townspeople cheered the guer- 
rillas. A city councilman. Martin Avila, 
called Cartagena de Chaira "the for- 
gotten Colombia." Alfredo Molano. a 
sociologist familiar with the region, 
said, "They live permanently on the 
verge of hunger here." 

While the agreement sets a precedent 
for cooperation between the government 
and the rebels, neither side expects it to 
lead to a new era of tranquillity. Instead, 
people in the area fear reprisals by a 
military shamed by a presidential order 
to essentially give up sovereignty over 
certain Colombian territory. 

Leonardo Garcia, a member of the 
rebels’ governing council, said two sol- 
diers freed by rebels in the early 1990s 
were later killed, presumably because 
officials believed that they had joined 
the guerrillas, and that he feared the 
same could happen to some of those 
released Sunday. 


























































































































victoria palls 


Hotel Inter-Continuatal, Paris 






Khmer Rouge Split Ends Cambodian Civil War, for Now 

By Seth Mydons 

New York Times Service 

PHNOM PENH — The violent self- 
destruction of the Khmer Rouge lead- 
ership reported in the last few days 
appears to mark die end of a civil war 
that has riven Cambodia in one form or 
another for 30 years. 

But divisions that tore the group apart 
appear to be connected with a political 
cold war within Cambodia's govern- 
ment that could erupt into new vio- 

And although the ‘'armed struggle" 
of the radical Maoist movement may be 
ending, the Khmer Rouge could re- 
emerge as a political force to take ad- 
vantage of new instability in the years 

Under a patchwork of cease-fire 
agreements, its regional commanders 
retain their territory, troops, police 
forces and their local support, and they 
are already said to be at work to create a 
new unified leadership. 

For months, mass defections by 
Khmer Rouge troops have been part of a 
power struggle between the country’s 
feuding co-prime ministers. First Prime 
Minister Prince Norodom Ranariddh 

and Second Prime Minister Hun Sen. 

Their separate envoys have sought to 
win the military and political allegiance 
of the various Khmer Rouge commands 
as they utter the Cambodian mam- 

The remote jungle headquarters of 
the movement's leader, Pol Pot, about 
500 kilometers (about 300 miles) north 
of here in Anlong Veng, was the 


last command to resist die wave of de- 

A number of political analysts now 
suggest that the rivalry between Prince 
Ranariddh and Mr. Hun Sen infected the 
leaders in Anlong Veng and that the 
split that came to light last week, in- 
volved differences over whether — and 
to which side — to defect 

"It seems that some of toe leaders in 
Anlong Veng now believe that the 
armed struggle is not working and that 
they should try other -means,” said 
Christophe Peschoux, author of a book 
on the Khmer Rouge. 

"If this is true, it means that the 
chapter of armed straggle is for toe time 
being over," he said. 

The reports on toe recent split have 
come from just one side of toe divided 
Cambodian leadership, from Prince 
Ranariddh and his ally. General Nhiek 
Bun Chhay, deputy chief of staff of toe 
Cambodian armed forces. 

Before dawn last Tuesday, they said, 
Mr. Pol Pot sent gunmen to loll his 
longtime comrade. Son Sen, the former 
Khmer Rouge defense minister, and 10 
of Mr. Son Sen's relatives. 

They said Mr. Pol Pot then fled into 
toe jungle — weak and ill and carried on 
a hammock — pursued by 1,000 guer- 
rillas who had turned against hrm. 

Ibey said Mr. Pol Pot, defended by 
no more than 300 fighters, had taken 
three other Khmer Rouge leaders with 
him as hostages. 

But much of that account may be self- 
serving, and it has been viewed with 

It appears true that Mr. Son Sen and 
his family have been killed; photo- 
graphs of their bloody bodies were dis- 
played in Phnom Penh on Saturday. 

But there is no evidence that it was 
Mir. Pol Pot who ordered their deaths. 

Many political analysts also question 
Prince Ranariddh’s assertion that Mr. 
Pol Pot has held other Khmer Rouge 

leaders as hostages. 

"There may be two stories, one real 
and one to serve the interests of Ranar- 
iddh,” said a well-connected Cambod- 
ian journalist 

"We don’t know,” be said. “The 
seal is tight Nothing is leaking.” 

For at least three weeks before the 
killing. General Nhiek Bun Chhay was 
engaged in talks with toe leaders in 
Anlong Veng, apparently to work out 
toe terms of a defection. 

Some other Khmer Rouge groups 
have pledged allegiance to Mr. Hun 

General Nhiek Bun Chhay appeared 
to have been sidelined in the talks in 
Anlong Veng. 

Khmer Rouge leaders there were 
former allies of Prince Ranariddh from a 
decade-long war in which they joined 
forces to battle with toe government of 
Mr. Hon Sen. 

Mr. Hon Sen had been installed by the 
Vietnamese, who invaded Cambodia 
and drove the Khmer Rooge into the 
jangle in 1979. 

For the previous four years, Mr. Pol 
Pot ruled Cambodia in a reign of terror 
that, by many accounts, cost the lives of 
more than a milli on people. 

That war against Mr. Hun Sen and the 
Vietnamese end ed with a peace aoconl 
in 1991. 

An election supervised by toe Unified 
Nations followed, producing toe awk- 
ward and incr easingly antagonistic tan- 
dem government beaded by Prince 
Ranariddh and Mr. Hun Sen. 

But the Khmer Rouge boycotted the 
election and continued their jungle in- 

Now it appears that even the inner 
core of toe movement — a group that 
has dedicated itself to revolution since 
its student days in Ranee in the 1950s 
— has conceded that armed force has 

Their guerrilla war has been essen- 
tially defensive. 

With most of their arms support gone 
now, the core philosophy has been re- 
duced to one word, Mr. Peschoux said: 

Bat while survival means peaceful 
accommodation for most of toe Khmer 
Rouge, he said, Mr. Pol Pot cannot agree 
to give up tote fight 

“He can't return to the legal fold,” 
Mr. Peschoux said. "He would be killed 
or put on trial- He must stay in toe 

Pol Pot Near End, 
Cambodian Says 

New York Times Serrice 

ANG SNOUL, Cambodia 
First Prime Minister Norodom 

Ranariddh said Monday that he ex- 
pected toe fugitive Khmer Rooge 
Rader. Pol Pot, to be killed or cap- 
mred in the next few days and tom 
he hoped to hand him alive over to 
an international tribunal. 

He said that the Khmer Rouge 
insurgency had "completely dis- 
integrated” and that most of its 
leadership had turned against Mr. 
Pd Pot and would in the next two 
days declare their allegiance to toe 
central government. 

“Sonow we can really talk about 
the end of the Khmer Rouge,” he 

"If he is captured,” Prince 
Ranariddh added, *T think there is 
no other choice than to send him to 
an international tribunal.” 

Political analysts here agreed 
that toe Khmer Rouge appeared to 
have collapsed as an armed move- 
ment, but they cautioned that there 
was no independent confirmation 
of Prince Ranariddh's description 
of recent events. 



Japan Opens Way to Organ Transplants 

Wider Definition of Death to Include Cessation of Brain Functions 


TOKYO — The Japanese Parliament 
cleared toe way Monday for the coun- 
try's first organ transplant in 30 years 
with legislation that broadens toe legal 
definition of death. 

The bill, which is expected to pass 
both houses of Parliament on Tuesday, 
would allow doctors to remove organs 
from donors for the first time since 1968. 
provided the donor gives advance written 
consent and the family does not object 

Approved by a key committee Mon- 
day, the bill recognizes toe end of brain 
functions as legal death, allowing toe 
removal of an organ only when the 
donor is tested and confirmed to be 
brain-dead by two or more doctors. 

Attempts to alter Japan's traditional 
view that a cardiac arrest defined death 
met stiff opposition from religious or- 
ganizations. conservative politicians and 
medical malpractice victims' groups. 

Proponents have argued that hun- 
dreds of heart and liver patients die 
needlessly each year for lack of access 
to procedures allowed in every indus- 
trialized country outside Japan. 

The legislation revises a bill, which 
cleared the 500-seat lower house of Par- 

liament bot then became bogged down 
in the less powerful upper chamber, that 
uniformly set brain death as the legal 
definition of death. 

Doctors shied away from performing 
organ transplants after a 1968 heart 
transplant at Sapporo Medical College 
in northern Japan from a brain-dead 
donor resulted m a 1 5-month c riminal 

Citing lack of evidence, toe police 
never filed charges against the doctor 
performing toe operation or the insti- 
tution. But toe case effectively froze 
public debate on the issue for nearly 
three decades, forcing scores of Jap- 
anese to seek treatment abroad. 

Unable to receive organ donations at 
home, 33 Japanese have gone abroad to 
receive heart transplants and 142 have 
undergone liver transplants overseas, 
according to the organ recipients group 
TRIO Japan. 

The controversy over toe definition 
of death has made lawmakers loath to 
handle the issue. 

Health experts have said that Japan’s 
next organ transplant is still a long way 
away, because toe country lacks an or- 
ganized system for registering organ 

donors and even a culture that permits 
such donations. 

Kidney and liver patients' groups say 
there are far fewer potential donors than 
patients on waiting lists for the organs, 
meaning that overseas operations would 
continue to be toe rule. 

On a related issue, Japan moved a 
hesitant step closer to approving toe 
birth-control pill after a key government 
committee on public health softened its 
negative stance toward oral contracept- 

The committee’s conclusion that toe 
pill's approval could help spread AIDS 
and other sexually transmitted 
angered many who believe the issues 
should be kept separate, but there were 
also sighs of relief that die committee 
did not oppose toe pill outright 

"We have progressed an important 
step,” said a spokesman for a phar- 
maceutical company who declined to be 
named. "The committee’s report can 
now be read as saying that it is OJC. to 
approve toe pilL” 

A Health Ministry official said, '‘Hie 
committee doesn't want to be understood 
as having given the pill the go-sign, but it 
was not a negative opinion.” 

(3/im dowrk @/im rfearid. (fymmweA. 

Hungary is the 
richest country in the 

; i#ll world... 

... at least in healing spas. 
Whether we make use of the 
curative effects of spring water 
by drinking it or take thermal 
waters like the ancient 
Romans or the Pashas of the 
Ottoman Empire or royals of 
Europe, our health can only 
benefit from it. 

Nowadays, hundreds of 
thermal springs and baths 
welcome the new pilgrims 
in Budapest and across 
Hungary. Spas cure the 
ailing and rejuvenate the 
healthy. If you only wish to 
’get away from it all\ come 
and enjoy floating in those 
miraculous waters. 

Hungary awaits you with a 
thousand-year-old hospitality. 

TOURINFORM: H I 052 Budapest, Sulo <«. 2. 

Tel: (3&-I) J 17-9800, Fax (36- J) 117-9578 
E-mail address: 
b<M*epage:bUp-J/, / louri»fomt 


Gas Field Burns in Bangladesh 

A fire raging Monday at a gas field operated by the U-S.-owued 
Occidental Ltd. in Maulvi-Bazar, northeast Bangladesh. 
Thousands of people were evacuated; no injuries were reported. 

Abductors Free 4 in Philippines 

MANILA — Four people who were abducted by six 
armed men at a beach resort in toe southern Philippines 
were rescued Monday by government troops, police 
officials said. 

The chief police inspector, Noel Rosales, said the four 
were abandoned by their abductors after a brief fight with 
i In toe town of Gian, in the province of Saranganl 
police said the four, along with a government 
5x, were having a party Sunday at a resort in the 
of Tafoya when six armed men arrived in a mo- 
torboat and tried to rob them. The engineer resisted and was 

and trilled hy toe mai, who then ahrinrtnrf his IQ-ytnr. 

old son, a Japanese businessman and two women. 

The police said they suspected that the men could be 
Muslim guerrillas from the More Islamic Liberation 
Front, which controls many areas of Sarangani. (AP) 

Indonesia Sentences 2 Activists 

JAKARTA — Two Indonesian activists from toe 
People's Democratic Party, toe last of a group of 14 
arrested last year after riots in Jakarta, were convicted 
Monday of subversion and given prison terms. 

In separate trials, a district court sentenced I Gusti 
Agung An am Astika to four years in prison and Wilson 
Bin Nurtias to five years. In April, 12 others were given 
terms ranging from 18 months to 13 years. f Reuters ) 

Japan Rejects U.S. Horror Film 

TOKYO — The Japanese distributors of the American 
movie "Scream*’ said Monday that the thriller would not 
be screened in Japan for toe time being because they were 
wearied about how it might affect a public unnerved by 
the murder and beheading of a child in May. 

“Scream,” which has exceeded $100 million in box- 
office profits since it was released in the United States in 
December, was to have opened across Japan on Saturday, 
ft depicts a series of killings of high school students. 

Screening it now would be inappropriate following toe 
murder of an 1 1 -year-old boy whose severed head was 
found near a junior high school in Kobe on May 27, said 
an official of Asmik Corp., the distributor. (AP) 

Lsgtd Services 

IHMRAT10N USA Vsas ou Rusi- 
dsooB. Buds legale auObque par mA 
UnafiomiB, tavas&Murc a emraw- 
ran. Cone cur Lany J. Beta. PA, 
Tet 85MZM888; Pac 85M2M08B 

DIVORCE M 1 DAT. No trwaL Wrils: 
Bor 377, SuftuY, AM 01778 USA. Tat 
50W4383B7, fix 5084430181 



AU 17 JIM 1997 
P* Hob TtfA an dates locate 
ffcaducfcn (fepanfcte ar demand?) 
RaoptaDB las bananas intartaus 

FRANCE {see Q en FFS - 7VA 20,6% 
GO 357 PODT 2^1 

SOT 5J4 SCSP: 5,15 

UKenJ1.'1VA17 l S%{Bod8%} 

GO- Q5254 TOO*: 0.3476 

AUBMGNE (zone I) 0M4 - TVA 15%; 

SO. 1,04 


GO 1/}3 


SO 1j01 


SCSP: 157 

sa I# 

BELGBUE an RJ1 ■ TVA 21% 

SO. 21.74 FDD: 1038 

SCS7: 33J22 SCSP. 31,24 

HQUHOE (zone) KOI - m 17 
GO 1,231 TOO 0.778 

SOT: 1.778 SCSP 1,736 

UflBBOUffi en 1UFA -TYA 15% 

60: 19,13 

5PA9E lame an PTRBHVA 16% 
GO 83,10 

SOT: 101,55 SCSP 102.41 

* Usags regtenrts 


ran o.7o 

2teralh J adas»SrUmn« 


fa ueteons or quotes about he delv- 

oy d »oj newspaper, toe status it you 
steafcton or aba* OKtatog a absafc- 
tion. ptae cal the bftwtag amberr. 
T0U. FREE - Austria 0660 8120 B4- 
0800 1753B Franca 0600 437437 
German* m30 8485® Bay 167 780040 
Uwsenm 0800 2TO ttegwl aite 06 
0225158 Sweden [00 797038 Sntar- 
WM 155 5757 UK 0600 895965 Bae- 
■4WB 1+33) 1 41439361 THE AKERt- 
CAS: USA OoMree) 1-8004822884 
Bsnrfwfa (+i) 212 7523890 ASIA: 
horn Kong 2922 1171 Indonesia 809 
1928 JBte NHmI 0120 464 027 
toea 3672 0044 Matawda 221 7055 
PWppines 835 4946 Stogapore 325 
0834 Tainan 7753456 Ttiafend 277 
4485 toauft ere (+652) 29221171 

Attention visitors 
from the U.S! 

I you enjoy reading fte MT 
•hen you travel, why not 
also geti a! tome? 
Sampday deftay avafeife 
in key U.& cries 

800 m .2884 


FBBLMG tow? - haring pntjfens? SOS 
HBi* etas -ft* hi Ennhfa. 3 pm - 
lIpjtL Tat Parts (01) 47 23 80 80 




at US Rates 
* No hfctsmims 
A Sendee of 

Were Steads* are Sat, not Uaf 

Tefc 120&599.1991 
Far 1 .206599.195! 

But tMfeMMna 


Cgprtai AvaMfe 


wife Fax brief synapsis to Erefcti n 
Corporate Motor, (+)44-127M2i3oa 

Business Services 


&*■ T *“ 

Tet 44 171 290 9000 Fa |71 499 7517 

Business Opportunities 





Sentos ! 

Aston Corporate Trustees 

19 PMI Road, boagtea, hte e4 Ha 
Tet +44 m 16M 626591 
Fax: +44 $ «24 62S126 


T* *44 $ 171 233 1302 
Far +44(0)171 Z33 1518 

E lid: astootienterprifitnet 

chra or arMce Tat tendon 44 181 741 
1224 Fare 44 181 746 955818336 

financial Sendees 









Long torn cotesaj 
Supported Gtaaiteea 




Real Estate 
for Rent 

tote Area Furnished 




Tek *33 (0}1 45 63 25 60 

Embassy Service 

Tel: +33 ffitt 


Rmtehad apartmarta. 3 rafts or am 
<x aAnfctaL rastiatial sms. 

Tel: <33 

Fax: +33 

42 25 32 25 

45 63 37 09 

latr, KJETTE, Rat, 114 apn, dottte 
fring, 3 bedroom, equipped teeter, 
FF17J00. Tal owner +33 (Dn 4500 1523 

Paris Area Unfurnished 

8 Kami, : 

Hausmanten anob bnlilru 
3ha#H, ertapad lun.lwfr 
rfon. FB42K) ML 
TG. +33081 40 18 38 55 

5 rooms. 4Bi Roar, aterator, abut 100 
srpiL - Hgh dm buftfing. FF17J00- 

Tet +33 rai 46 22 24 01. 

manta. Ron Ados to 4 bedrana Tat 
«41 22 735 63Z0 f&C +41 22 738 2671 

Residence Hotels 


Ugh darn raoras & aulas 
& nurtfy Hlai ft* 
TeMa (0)1-44133331 ftnrfljl -42204® 



Contact the Paris office: 
Tet; (33-1) 41 43 93*5 
Fax: (33-1) 41 43 93 » 
E-mail: dasaified@»iiLM« n 



TUESDAY, JUNE 17. 1997 



•-er^ ; 

Tudjman Easily Wins 
Violent Croatian Vote 

■f' ' t * t 

. , . 7~ * • "Jf .*• . . i 

*• ■■>•■ *"■ ' 

✓ *«* » 

Labour Tweaks 
British Tories 



Election Is Seen as Free, but Not Fair 

By Chris Hedges 

New York Times Service 

MOSTAR, Bosnia- Herzegovina — 
The red and white flags hanging along 
the tree-lined streets were Croatian. The 

posters of President Franjo Tudjman 
were the same as those on billboards in 
Zagreb, the Croatian capital. Throngs of 
voters filed through the gate of die Mo- 
star polling station by showing their 
blue Croatian passports to the police. 

In theory this region is part of the 
American-brokered federation of Bos- 
nia-Herzegovina. In fact, it has been 
annexed by Croatia, in one of the most 
flagrant violations of the Dayton peace 
agreement. The Bosnian Croats vote in 
Croatian elections and their local lead- 
ership as well as their military are fin- 
anced and directed by Zagreb. 

In the voting for president Sunday, 
Ir. Tudjman, 75 ana seriously ill with 

Mr. Tudjman, 75 ana seriously ill with 
cancer, won a second five-year term 
with 61 percent of the vote. Zdravko 
Tomac, 60, of the Social Democratic 
Party, the former Communists, got 21 
percent, and VI ado Gotovac, 66, who 
heads the Croatian Social Liberal Party, 
had 18 peroenL 

Mr. Tudjman has been increasingly 
criticized by Washington, and it was in 
this city that the raw intolerance of his 
hard-line nationalism and the duplicity 
of his dealings with the outside world 
were most visible. 

“You have Bosnian Croats in the 
diaspora, who have never lived in Croa- 
tia, voting in this election,” a Western 
diplomat said of the some 400,000 
voters who live here and in other coun- 
tries, “while hundreds of thousands of 
Serb citizens from Croatia, who spent 

their whole Lives here, are denied the 
right to vote. 7 ’ 

Croatia’s economy, burdened by out- 
dated industry and mismanagement, is 
limping along at 55 percent of its ca- 
pacity before the Bosnian war. The cur- 
rency is overvalued, the foreign trade 
deficit is widening and unemployment 
is at least 20 percent. 

Mr. Tudjman is, nevertheless, lion- 
ized as the man who in 1991 led Croa- 
tia’s independence from the old 
Yugoslavia and created the modern 
Croatian state. 

“He is the father of our country,” 
said Drago Pezic, 76, a former platoon 
leader during the fascist Ustashe regime 
that ruled Croatia in World War n. “He 
gave us our state after 900 years of being 
ruled by others. He brought all Croats 
under one roof. He got rid of the Serbs. 
He finally won the war we started in 
1941 and lost to the Communists.” 

In the process, Mr. Tudjman purged 
500,000 of 600.000 ethnic Serbs from 
the country and carried out die de facto 
annexation of the largely Catholic re- 
gion of Herzegovina. In short, he gave 
Croats an “ethnically pure” state. 

“What have I promised that I have 
not fulfilled?” the president asked a 
cheering crowd in his last campaign 
rally on Thursday in Zagreb. 

Secretary of State Madeleine Al- 
bright, during a visit to Croatia this 
month, strongly condemned recent vi- 
olent attacks on remaining minority 
Serbs, most of them elderly, who were 
driven from their homes. She also ex- 
pressed her displeasure with Mr. Tud- 
j man’s refusal to hand over persons 
indicted as war criminals, many of 
whom have taken refuge in Mostar. to 

n itimr UiAfnc FiuAnr 

Franjo Tudjman, newly /re-elected as president of Croatia, welcoming Carl Bildt of Sweden, the United 
Nations representative for Bosnia- Herzegovina, into his office in Zagreb on Monday for a farewell visit. 

Nations representative for Bosnia-Herzegovina, 

LONDON — The Labour gov- 
ernment added its two peace to 
the bitter battle to lead Britain’s 
shattered Conservative Party by 
claiming Monday that it was in 
contact with several Conservative 
members of Parliament dismayed 
by their patty’s anti-European 

A senior government official 
said unease in the ranks of Con- 
servative pro-Europeans . had 
grown since William Hague, the 
favorite in the three-man lead- 
ership race, hardened his stance 
against die European Union's 
planned single currency. “It is 
true to say we have a number of 
informal links with Conservative 
MPs and we intend to maintain 
those links,” the official said. 
Conservative MPs were to hold 
the second round of their lead- 
ership ballot Tuesday. (Reuters) 

v Thn^ rnr4 


YT' 7-~ 

the international war crimes tribunal in 
The Hague. 

Washington, which considered 
Zagreb an ally during the war in Bosnia, 
in large part because of its willingness to 
permit clandestine shipments of Iranian 
arms to the Bosnian Muslims, appears to 
have lost patience. / 

Senior U.S. officials say they intend to 
begin blocking development loans, ap- 
plications into Westem/rade bodies and 
military alliances. A 513 million loan 
granted to Croatia a few days ago was 
approved several weeks ago and was not 
large enough to reconvene lender or- 
ganizations to block, jhey said. 

The election campaign was as been as 
bombastic and stilted as those once 
waged by the Comnunists. The state- 
run media, including all nationwide ra- 
dio and televisionstations. have slav- 
ishly exalted Mr. Tudjman and his gov- 

ly they intend to 
cent loans, op- 
code bodies and 
3 million loan 

eming Croatian Democratic Union. 
While Mr. Tudjman was deified, his two 
opponents, who rarely appeared in the 
state-run media, were darkly described 
as “enemies of the state.” 

The opposition candidates, Mr. Goto- 
vac and Mr. Tomac were even assaulted 
by enraged Croats during the campaign. 

Mr. Gotovac, a poet who called for the 
return of ethnic Serbs, was knocked un- 
conscious and hospitalized by a captain 
of the presidential guard in the city of 
Pula. During the assault the officer 
shouted, “Long live Ante Pavelic!” 

Mr. Pavelic was the fascist dictator 
who ruled Croatia in World War 11 and 
oversaw the slaughter of hundreds of 
thousands of Serbs, Gypsies. Jews and 
Croatian opposition leaders. 

The campaign vehicle of Mr. Tomac. 
the head of the reconstituted Commu- 
nist Party, was twice stoned by angry 

mobs. He was denied a permit to bold a 
campaign rally in Zagreb last Friday. 

■ Vole Called Free, but Not Fair 

International election observers said 
Monday that Croatia's presidential elec- 
tion was “free but not fair” and did not 
meet democratic standards. Reuters re- 
ported from Zagreb 

A report compiled by observers from 
the Organization for Security and Co- 
operation in Europe said that “the elec- 
tion process afforded enormous advant- 
ages to the ruling party candidate and 
limited the ability of the opposition can- 
didates to campaign equally.” 

A U.S. senator, Paul Simon, coordin- 
ating the mission, said: “Croatia has 
experienced a free but not fair election. 
While candidates were able to speak 
freely, the process leading up to the 
election was fundamentally flawed." 

Holbrooke Urges 
Holocaust Payouts 


t 1 


ZURICH — The former Amer- 
ican diplomat Richard Holbrooke 
urged Switzerland on Monday to 
start paying funds to Holocaust 
survivors at once to help resolve 
_ the “crisis” in U.S.-Swiss rela- 


Graveyard Census 

Italy Halts Its Disability Pensions 
To 1,000 Cured and 30,000 Dead 

CimqrtrJ hr Our Sujf f-nvu Ptyukhn 

ROME — The Italian government has been 
paying disability pensions to 30.000 dead people, 
some of whom passed away years ago. according to 
newspaper reports 

They said the payments, which in some cases had 
probably been cashed by relatives, had been 

stopped after a treasury census of 1.4 million 
Italians who have been drawing state disability 

Italians who have been drawing state disability 

In addition to the 30,000 deceased, 140,000 of 
the pensioners failed to return their census forms. 
Theirpayments would be suspended in November 
and they would then have three months to complete 
theforms or have the pensions stopped for good, a 
senior treasury official. Michelangelo Bergamfoi, 
told the Corriere della Sera newspaper. 

He estimated that when the review was com- 
pleted, 70,000 to 80,000 pensions would be 
stopped, including those paid to the 30,000 dead 
and l .000 others to people who report that they had 
been cured. The newspaper estimated that annual 
savings would range from 280 billion lire to 700 
billion lire (S164 million to $410 million). 

Disability pensions are paid to a further 4.7 
million Indians by the state insurance fund and the 
welfare fund. 

Stories abound of able-bodied Italians who 
worked but received disability payments at the 
same time with the help of bogus medical cer- 
tificates or favors from corrupt politicians. The 
system was rife for abuse because disabled Italians 
get not only payments but also access to jobs 


Defending a U.S. government 
report that criticized Swiss gold 
purchases from Nazi Germany 
during World War D, Mr. Hol- 
brooke urged Swiss officials not 
to get bogged down in a debate 
over historical details and instead 
to get money flowing to victims. 

“It is vitally important to get 
the humanitarian fund that was 
initiated by the three big Swiss 
banks going right away.” said 
Mr. Holbrooke, a former U.S. as- 
sistant secretary of state who is 
now vice chairman of Credit 
Suisse First Boston. Addressing 
the Swiss- American Chamber of 
Commerce, he noted that the av- 
erage age of the 400,000 Holo- 
caust survivors was now 79. 

The 265 million Swiss franc 
($183.2 million) memorial fund 
was set up amid boycott threats 
from Jewish groups who have ac- 
cused the banks of hoarding the 
dormant wealth that Jews 
murdered by the Nazis stashed in 
Switzerland during the war for 
safekeeping. Hie cabinet backed 
a proposal from Parliament to 
protect any bank workers who 
came forward to testify about 
their employers. {Reuters) 

■ tmmm 

rt ram «*< 

m* M 

x -.t* mmp 
-r-t 4en m i 

i j, Reaffirms* 

.« v 

- ‘v ? w i wu f 

Battle Lines Form 


- VO- 
5 tv'; 

• jwj Wfc s H m 
nwwitoi *** 


- Mr : Ota mi 

* fe Act -M 
Vbtefr tr* ent '■ 

Over ‘Tally HoP 

through a quota system that requires public sector 
employers to hire a certain number of disabled. 

employers to hire a certain number of disabled. 

Three years ago, spot checks of 154)00 recipients 
of disability pensions found that 5,000 of them had 
faked their handicaps. They included a young man 
who was collecting a pension for blindness while 
working as a chauffeur. 

Corriere della Sera said that about 131 .000 Itali- 
ans drawing disability pensions had been required 
to undergo medical examinations to determine the 
validity of their payments. ! 

Of those 30.000, or more than one in five, had 
had payments stopped or had been advised they 
would cease, it added. ( Reuters . AP ) 

LONDON — A Labour mem- 
ber of Parliament set the stage on 
Monday for a bitter clash between 
the House of Commons and the 
House of Lords, the unelected up- 
per chamber of Parliament, by 
unveiling a bill to ban fox-hunt- 

The new Labour government 
promised in its election manifest 
to allow members of Parliament 
to follow their consciences in- 
stead of a party line on whether 
hunting with hounds should be 

But Prime Minister Tony Blau- 
had hoped to delay any vote, fear- 
ing that stubbomresistance from 
pro-hunting aristocrats in the 
House of Lords would impede 
more important legislation. 

A Labour member, Mike 
Foster, said Monday that his bill 
would aim to outlaw the hunting 
with hounds of foxes, hares, stags 
and minks. 

“It’s a cruel and barbaric prac- 
tice that should have ended cen- 
turies ago.” he said. (Reuters I 

- -i ~o~ \isx- 

: ** 

■ ,-tw 
• t •‘.i& n. 

-. K„**»L* 




. -Hr 

. • . ‘.rU* 

t V -V» * ** * > *w< 

■ i-neettfa 

.ajfcl**!*/- ft* { 

. .. tfe «p 

«».*** ia 


#««!• «m4|m 

•< Camp 

piwrar g* ptiWfj 

I aicf . he Ita I 



; -riser* 



JSyRnhrff M 

. tlOh I:»« 

THnr#** W- 

utaa » m 

Low Turnout Invalidates Italy Vote 

Pressure Mounts for Tighter Rules on Holding Referendum! 


ROME — Pressure built in 
Italy on Monday for stricter 
rules on holding national ref- 
erendum:, after an attempt to 
bring change through direct 
democracy proved tr he a 
multimillion-doliar flon. 7 

Mainstream politicians 
blamed the fiasco on the leader 
of die referendum movement, 
Marco PanneUa, accusing him 
of wasting the public's time 

multimillion-doliar flop. / 
Only 30 percent of Italy's 

49 million voters took part 
Sunday in seven referen- 
da ms. TTiis fell far shon of the 

50 perceni of the electorate- 

required for such tests to be 
valid and was the lowest 
turnout in any naiioojf ballot 
since 1945. I 

and devaluing the balloting 
process for self-publicity. 

Some even cautioned that 
the flop would further dent 
public faith in politics, which 
has been battered by the cor- 
ruption scandals of the early 
1990s and the subsequent 
slow pace of change. 

Mr. Pannella and his sup- 
porters had championed six 
of the seven issues put before 

voters, covering topics as di- 1 ... 

verse as hunting, privatiza- : 

tion, journalism and foe ca- ; • 

reers of magistrates. ! •• ... a . 

The referendums. invalid- : 
ated by foe low turnout, cost : - 
Italy 840 billion lire ($495 ! 
million) to stage. | . 

Referendums have been a ■ : 
valuable tool in Italian de- ' 
mocracy, allowing voters to . \ 
express views on fiindament- ■ 
al issues that the unwieldy; 

Parliament has been unwiU- • 
fog or unable to tackle. ; jj . 

Italy's monarchy was ab- ! * . 

oiished by referendum in . k ’ r / Iff [tlflj 

Do you/ live in Ausim, 
Belgium, Luxembourg 
or Sweden ? 

uuMieu oy reierenuum . p, . r / «*/, 

1946 and substantive policy ■ 'r . -. • 
on divorce, abortion, use of ' . / rtjfff 

nuclear power and, to a cer- . 
tain degree, foe electoral sys- ; ‘ ; . 
tern has been formulated fol- ! 

For inf.imuibun about siitsmbing nail: 
I Wria DI »til 303830 " 

( Bel^um 081HI lTTj.LS (toll-free) 

1 .-6w mluuig 0800 2703 (toll-free) 

/ S«e.len 020 707039 {toll-free) 


•nit: twin ,vfgsfAi‘kK 

lowing plebiscites. 

Recent years, however. • 
have seen a flurry of refer- ; 
endums on highly technical • 
issues, many of them pn> ; 
moted by Mr. Pannella and . 
his Radical Party. , 

Campaigners must obtain ; 
the signatures of 500,000 , 
voters to put a petition to foe ; 
Constitutional Court, which > 
rules whether the issue should , 
go to a referendum. Alter Sun- ; 
day's debacle, many polio- ■ 
cians called for the threshold ; 
to be raised to 800.000 or I ; 
million signatures. — 1 1 

,V~ j irpvw. ruhm»ut 

• Uffw. ( «Mnr»ki - Hr i 

t-wr fc a fc huwjt i m tfc y n CU 

'b. CbfTfo 

1 "vtsto ■ Wfw ; 

Mtai ' i li tyii tal 

.V' (.'iflrriTuti i 

3 Haakl 


i w wg M ».- < 
^ . rtrf TV IntaH 


-rj. mm m we 


-‘•vrrr. and when ""Mi* 

he wJftctet 'ti 

M; t*ii& 
mr M 

’A ikii . *iii 


■ on <* **% *&* 

'. i\t *Ref • *(MfT iRWW 



"A* UvwvwiA 
*hrfr V pfSfth 

.is-m fun wu&ihs &it Si 
—ifJt-VtUQ . tll xA rt ' W K! 

tod • 

fcadwt he iJir.-i, r 

•UtH'lltaMrtt !-■ t-ri-r. 


r "\ In Congo: Pygmies 

They’re Threatened by Hostile Bantu 

2U { ml, 


>.=? tfir 

I it tit if 
/ iitia- 

I nr p 


WliV JVt£7=HHt- 




- 8 S V' ' 

r. -r Jj(? •' ----- — 7 

' "V . -i ;prrT. ' • 

ip it Invalidates 

1 ‘i rffiPT fiuir *. i ‘tl / 1“ i ‘ ‘ * > 1 

U \L*IH( M 

£54'' x!3l3E A« - 

.-5 . 

' 7'r7 J ?f5 : i •• 



By Nicholas D. Kristof 

ftfnv Yori Times Servi ce 

bengasori bamambo, 

Congo — h was just a short arrow, 
whittled from a stick and sharpened 
to a point at one end, but Matope 
AJondo held it very respectfully. 

“We make a poison from trees 
and leaves and put it on the tip of the- 
arrow,” be said. “If you cut your- 
self with this arrow, you die in less 

. But these days, possession of the- 
deadliest poison is often not enough 
tb thrive in a little village like thU 
one in the jungle of northeastern 
Congo, the former Zaire. Mr. 
AJondo and the other pygmies here 
are finding that antelope, monkeys 
gad other game are disappearing — 
and the pygmies wonder n they and 
dieir culture may face the same fate 
because of the pressures of en- 
croaching tribes. 

- For all of the mystery and magic 
that the word pygmy conjures in the 
West, life for many here in the rain 
forest is today a humiliating retreat 
from traditional ways and an almost 
daily battle against the contempt of 
neaiby Bantu peoples. 

"Some school principals will in- 
sult us and say that pygmies should 
not attend school,'’ Mr. AJondo 
said. ‘‘They say that they do not 
want us in school because pygmies 
move around in the bush. Bnt how 
can they say that we move around? 
We have always been here. They are 
die ones who have moved into our 

The pygmies are scattered across 
central Africa, but those in Congo 

have been among the most success* 
fal in preserving their identity, 
partly because they were protected 
by the lack of development and the 
diasrrous state of the roads. The 
roads are such an obstacle to move- 
ment that they have kept at bay the 
loggers who would destroy the 
forests that are the pygmies* hab- 

But even here, in the remote 
northeast, there axe tensions be- 
tween the pygmies and the sur- 
rounding Bantu, a reflection of the 
age-old clash between farmers and 
hunter-gatherers. To many Con- 
golese, the pygmies are simpletons 
who inexplicably eschew a life of 
farming to run about in the* woods 
trying to spear animals. 

“They ’re very simple-minded,” 
Foste Lonn, a 24-year-old farmer, 
said as he stood outside his home oa 
the road nearby. “The pygmies 
don’t have the way of thinking of 
human beings. They're always 
backward, and they don’t want to 

Villagers often hire pygmy ser- 
vants to work on the farms and do 
household chores. But the pygmies 
complain that they are abused and 
treated as virtual slaves while the 
farmers complain thnr the pygmies 
are lazy and unreliable. 

One element of the contempt may 
be that the pygmies are so short, 
mostly less than 5 feet tall. But the 
main reason seems to be that the 
pygmies, particularly in this part of 
the country, live about as traditional 
a life as anyone in Africa. 

They are hunter-gatherers who 
live deep in the jungle, moving from 

U.S. Formulating 
New Nigeria Policy 

'ftc|4icnCi-«>lr) 1 lt»: V-A run—. 

Pygmy women and children gathering near a hut in northeast Congo. Their lifestyle is under threat. 

place to place instead of settling in 
villages along [he roads like most 
other Africans. They hunt with spears 
and bows and arrows, as well as with 
nets made of vines that are laid across 
jungle paths to catch antelope. 

Unlike the poachers who are re- 
sponsible for the depleted game, the 
pygmies show no interest in guns. 

Their homes are made of sticks 
and leaves, sometimes with mud as 
plaster, and when going off on hunts 
the pygmies wear only traditional 
loincloths made of leaves. Children 
are much less likely to go to school 
than other people in the area, and 
few pygmies are literate or know 
how old they are. 

Still, life is changing in the 
pygmy villages, and a growing num- 
ber are planting little vegetable gar- 
dens of cassava, sweet potatoes and 

other crops to supplement their di- 

“1 started planting three years 
ago.” said Asokao, a village chief. 
“Hunting was our tradition, but it 
was not enough.” 

Some of the pygmies are also 
making arrowheads and spearheads 
out of metal taken from abandoned 

Pygmies are also joining local 
churches, and a young man in this 
area even celebrated a wedding in a 
Catholic church here recently. The 
wedding was almost called off when 
the bride ran off at the last minute, 
but then she reappeared and the 
priest hurriedly declared them man 
and wife. 

Education is a special problem, 
partly because the schools in Congo 
charge fees that most pygmies can- 


■ I RWANDA '-z ~\ 

.O J CONGO \ ( 1 

. 'c^Kinshasa Congo R -i, f . 

not pay since they rarely have 
money. In addition, the pygmy stu- 
dents complain thar they are hu- 
miliated by other students. 

By Thomas W. Lippman 

H ft •■'it $er 1 

ognizing that three years nt 
diplomatic pressure and mod- 
es! sanctions have failed to 
move the military govern- 
ment of Nigeria toward de- 
mocracy and social reform, 
the CJ’inlon administration 
will soon undertake a wide- 
ranging review of its policy 
toward Africa’s most popu- 
lous country, according to se- 
nior officials. 

Some officials said the out- 
come was likely to be an ef- 
fort to engage Nigeria and im- 
prove cooperation, rather 
than an increase in pressure 
marked by further sanctions 
and new attempts to isolate 
the regime. But either out- 
come — closer lies or in- 
creased pressure — is likely 
to be controversial, because 
the Nigerian government's 
friends and foes here are well- 
financed and well-connected, 
and the Nigeria issue has 
prompted a sometimes emo- 
tional split within the Con- 
gressional Black Caucus. 

As a major oil producer 
with a population of more 
than 100 million and an army 
active in several countries. 
Nigeria is a regional power- 
house essential to any inter- 
national effort to stabilize 
sub-Saharan Africa. Nigerian 
troops helped halt the civil 
war in Liberia and are trying 
to restore the democratically 
elected government in Sierra 
Leone. ~ 

Bui Washington has worse 

relations with Nigeria than 
w ith any other regional power 
except Iran. The Clinton ad- 
ministration h as a long list of 
grievances wiih the govern- 
ment of General Sani Abacha. 
grievances that have defied 
sanctions, secret diplomacy, 
public scolding and threats by 
President Bill Clinton, and 
outrage in Congress. 

General Abacha has re- 
peatedly promised a transi- 
tion to democracy, then 
backed off. Opposition lead- 
ers are in prison. The State 
Department has accused his 
government of extensive civil 
rights violations. And the 
State Department put Nigeria 
on its h*t of countries that 
have failed to cooperate with 
the U.S. anti-narcotics effort. 

At the start of Mr. Clin- 
ton's second term senior ad- 
visers decided to review all 
aspects of U.S. policy toward 
Atrica. administration offi- 
cials said. They had to deal 
first with the civil war in 
Zaire, now called Congo, and 
smaller crises such as the 
coup in Sierra Leone, bui Ni- 
geria is next on the agenda, 
officials said. 

"This has been in the 
works for a long lime.” an 
official said. "You look at all 
the areas where this admin- 
istration is actively engaged 
in Africa: Congo. South 
Africa. Angola. Sudan; the 
president is about to an- 
nounce a hig U.S. trade ini- 
tiative in Africa. With all that, 
it was acknowledged we had 
to do something about Niger- 

U.S. Reaffirms Support for Kuwait 

Cohen, on Gulf Tour, Asserts Iraq and Iran Are Still Threats 

CoBfOnl by On- Fnm Ddpatrhn 

KUWAIT — The United Stales assured 
Kuwait on Monday of Washington’s firm 
commitment to its security and to containing 
the farmer occupier, Iraq, and neighboring 
Iran. - 

; Defense Secretary William Cohen said at a 
, news conference, "lean summarize the United 
States policy toward Kuwait in three words: 
commitment, cooperation and containment-" 

His Kuwaiti counterpart. Sheikh Salim Sa- 
bah as Salim as Sabah, said be had expressed 
to Mir. Cohen “how satisfied we are with the 
existing relationship, training and coopera- 

Mr. Cohen, who arrived in Kuwait on Sun- 
day as part of a five-nation Gulf Arab fa- 
miliarization tour, held "very fruitful and 
interesting” talks with die emir. Sheikh Jaber 
al Ahmad as Sabah, earlier cm Monday. 

Mr. Cohen said he had discussed Kuwait’s 
plans to buy new artillery and urged the Gulf 
state to give preference to weapons that can 

S alongside those of U.S, forces. The 
States, Britain, South Africa and 
China are competing for the contract 
. “We discussed how it is important to build 
a seamless military operation," Mr. Cohen 
said when he was asked if he had raised the 
deal with the Kuwaitis. 

• "We discussed the need for interoperab- 
ility, and we place a key premium cm inter- 

operability of our systems so that we can 
present the maximum efficiency and capa- 
bility for our forces,' ’ he said. 

But Mr. Cohen said it was up to the Kuwaiti 
military and government to decide on what 
best suited its military requirements. 

Mr. Cohen said the United States would 
continue to maintain a strong military pres- 
ence in the region to deter threats from Iraq and 
Iran, the Gulf's two main military powers. 

He said that despite recent calls by some 
states to ease United Nations sanctions 
against Iraq, the United States favored main- 
taining them until Baghdad complied with all 
UN resolutions. 

"Some countries feel we should relax the 
sanctions,” Mr. Cohen said. "I don't believe 
we should relax the sanctions until we have 
full compliance on the part of the Iraqi gov- 1 

Mr. Cohen also ventured into the Kuwaiti 
desert to check on security arrangements and 
give American soldiers a pep talk 

“It’s a high-threat area," Mr. Cohen told 
about 300 troops assembled in an open-air 
shelter at Camp Doha, a base about S3 ki- 
lometers (35 miles) from the Iraqi border. 

"You’ve got to stay on alert at all times,” 
he added. "Force protection is just as im- 
portant as power projection.” 

Later, be flew to Bahrain to visit U.S. naval 
forces. (Reuters. AFP. AP) 


■Mr i 






Freetown Agrees 
To Peacekeepers 

FREETOWN, Sierra Leone — 
Sierra Leone’s coup leaders will 
accept deployment of United Na- 
tions and ECOMOG West African 

peacekeepers as part of a settlement 
of the crisis in the country, a senior 
military source said Monday. 

The source, a member of the 
Armed Forces Ruling Council, 
which has run the nation since the 
May 25 coup, said that the council 
had had regular meetings with le- 
gislators, who pat forward a 10- 
point plan, and that the two sides 
were close to an agreement. 

"We are willing to allow the 
stationing of UN and ECOMOG 
peace forces in Siena Leone to 
monitor the peace accord and to 
disarm combatants and ensure sta- 
bility," he said. 

He thar a discussion was 

.undo' way with legislators about 
revoking a decree issued by the 
council that banned the constitu- 
tion, hinting at a deal on restoration 
of political activity. ( Reuters) 

Zimbabwe Defiant 
Over Ivory Trade 

"' HARARE, Zimbabwe Zim- 
babwe waved notice Monday that it 
wtmldddy a world bah on the ivory 
trade if it failed to win an exemp- 
tion at a forum here on endangered 

-Environment Minister . Chen 
Cbhnutengwondc said Zimbabwe 
would not accept a c omp romise at 
Jfifc. Convention on .International 

Environmental groups cam 1 
pa nning against reopening the 
ovary trade said Zimbabwe’s threat 
Wcjtfd not mffnence their position. 
\ Zimbabwe, Botswana and Nam- 
2 >»Jh ive asked for an exemption 
from the 1989 ban. oh grounds that 
combined - 150 , 000 -clephant 
herd is not endangered. (Reuters) 

Tristram Coffin, 
Journalist, Dies 

By Robert McG. Thomas Jr. 

New York Times Service 

Tristram Coffin, an independent Indiana-bred 
journalist who cast a critical eye on official Wash- 
ington and the military during almost half a century 
as a reporter, columnist, author and pundit, died 
May 28 of respiratory collapse at a hospital in El 
Cajon, California. He was 84 and had tinned out 
The Washington Spectator newsletter until 1993. 

Mr. Coffin gently skewered President Harry 
Truman — and half the Senate — in his 1947 book 
‘ ‘Missouri Compromise." A New Deal Democrat, 
Mr. Coffin’s chief complaint seemed to be that Mr. 
Truman was not Franklin Roosevelt 

The success of the book came as something of a 
surprise because Mr. Coffin was a comparative 
newcomer to the Washington press corps. 

After graduating from Depauw University, be 
worked for The Indianapolis Tunes. After a short- 
lived state house assignment he became press sec- 
retary to Governor Clifford Townsend, then fol- 
lowed him to Washington when Mr. Townsend 
became an assistant secretary of agriculture. _ 

Mr. Coffin re-entered journalism as a radio re- 
porter, and when " Missouri Compromise" came 
out, be used the book’s success to establish his own 
syndicated column, Tris Coffin’s Daybook. 

Mr. Coffin wrote half a dozen other books, but 
none were as successful In 1968, a group of 
businessmen backed him in starting a newsletter, 
Washington Watch, which evolved into The Wash- 
ington Spectator in 1975. 

Joe Ben Wheat, 81, Archaeologist 

New York Times Service 

Joe Ben Wheat, 81, an archaeologist and au- 
thority on weavings of the Navajo and other Inmans 
of the American Southwest, died Thursday in Den- 
ver after a short illness. . 

- Mr. Wheat was president of the Society tor 
American Archaeology in 1966-67. He retired in 
1987 after 34 years with the University of Colorado, 
where he was a professor of natural history and 
curator of anthropology at the university museum. 

In the 1970s, he analyzed the mater i als, dyes and 
structure used by the Navajo and Pueblo Indians m 
making blankets in the 19* century. That in- 
formation helped him determine about when the 
blankets had been woven. • 

Earlier he directed archaeological excavations at 
sites inhabited by Indians in the Southwest 

By maintaining a far-flung network of news-gathering resources, the World's Daily 
Newspaper brings you unrivalled coverage of world politics, business and economics, 
as well as science, technology, travel, fashion, the arts and sport — all from an 
international perspective. 

Take advantage of this limited opportunity to try the International Herald Tribune 
with a low cost, 2-month trial subscription and enjoy delivery to your home or office 
every morning. 































































































* For Information concerning hand delivery in major German cities coll toll free IHT 
Germany oi; 0130-84 85 B or fox 1069) 971 2 631 1 . 

Yes, I would like to start receiving the International Herald Tribune. 

□ My dwelt is enclosed (payable ter die IHT) 

□ Please charge my: 

n Amex D Diners Qub □ VISA D Access □ MasterCard □ Eurocard 
Credit card charges will be mode in French Francs at current rates. 

Card Mo- Exo. Date: 

(IHT VAT Number FR74732021 126) 


For business orders, indicate your VAT No:. 

Mr/Mrs/Ms Family Name: 

First Name: Jc 

Mailing Address: 



Home Tel No: Business Tel No: 

E-Mail Address: 

J got too copy of die IHT <± □ kiosk □ hotel □ airline □ other 17-6-97 
□ 1 do not wish to receive information from other carefully screened companies 
Mol or feat to: International Herald Tribune 
181, avenue Charles de GavDe. 92521 Neuilly Cedar. Fames. 

Fax +33 141 23 92 10 
OR CAIL +33 141 43 93 61 

In Asms: +852 29 22 1 1 88. In His U5 (tol l freeb 1 -800-882-2884. 
E-Mail No: subs&hteom 

Offer valid for new subscribers only. HA2M 

r As.* .—r SOT 




Initiative for Africa 

The Clinton administ ration, with 
members of Congress from both parties, 
has put forward an initiative to help the 
poor countries of sub-Saharan Africa. 
Bill Clinton will take the proposal to 
other wealthy nations when he meets 
their leaders in Denver tins week. 

The first positive thing to say about 
this proposal is that it exists. For U.S. 
policymakers, Africa was for many 
years mainly an object of (fold War 
competition, and later it virtually 
ceased to matter. But with its more than 
600 million people Africa does matter 
— morally, strategically and as a po- 
tential market as well. 

The initiative seeks to break the ste- 
reotypical view of sub-Saharan Africa 
as a basket case. Certainly the region 
has lagged behind much of Asia and 
parts of Latin America, and its famines, 
civil wars and military uprisings are 
real. But last year the region's eco- 
nomies grew at a rate of 4.4 percent, 
with several doing considerably better. 
Some 25 African nations have held free 
and fair elections since 1990. 

The U.S. initiative offers assistance 
to those countries doing the most to 
help themselves. 

As originally proposed by Demo- 
cratic Representatives Jim McDermott 
and Charles Rangel and Republican 
Philip Crane, die initiative emphasizes 
trade and investment over traditional 
foreign aid Countries that reduce their 
own trade barriers and take positive 
steps, such as investing in education. 

would qualify for gradually expanding 
trade privileges, investment guaran- 
tees and debt forgiveness. 

All this is to be cheered, but it is not 
churlish to recall that die Clinton ad- 
ministration has been here before. An- 
thony Lake, Mr. Clinton’s first na- 
tional security adviser, fixed on Africa 
in his first major speech in 1993. 

Some ad minis tr ati ons had '‘taken 
years to figure out where Africa is on 
the map, "he said then, but the Clinton 
team not only knew where Africa was 
but also "where we all hope it is going 
in the future." 

At a White House conference in 
1994, President Clinton himself prom- 
ised that his adminis tration would do 
"much more than has been done in the 
past.” American policy since has not 
fulfilled the grand pledges. 

Nor is it clear that this initiative 
can fulfill its goals. Many African coun- 
tries don’t have much to export, and 
the Clinton administration races do- 
mestic hurdles to admitting products 
that they could make, such as textiles 
and shoes. 

Even free market champions must 
recognize that African nations will still 
need transitional aid for basic h uman 
needs such as primary schools and 
health care. Yet U.S. aid levels have 
been de clining as a share of GNP, and 
this initiative does nothing to reverse 
that. It is a promise that needs to be 
fleshed out 


A Loner’s UN Deal 

Given Jesse Helms's long-standing 
antipathy toward the United Nations, 
the budgetary deal he has struck with 
Senate Democrats and the Clinton ad- 
ministration constitutes progress. Sen- 
ator Helms would authorize payment 
of $8 19 million over three years to the 
world organization — less than the 
$ 1 .3 billion the United Nations says the 
United States owes. This at least ac- 
knowledges that back dues are owed. 

But the catch is that this reduced 
payment comes with a variety of con- 
ditions, including a congressional in- 
tention to shave the American con- 
tribution to UN operations from 25 to 
20 percent, whether or not other UN 
members agree. 

This high-handed plan may satisfy a 
craving to sock the United Nations at a 
time when its popularity among Amer- 
icans is low, but Washington cannot so 
easily modify treaty obligations that tie 
it to the international organization. 
America's deadbeat status has been a 
chronic source of embarrassment, and 
has brought a useful organization close 
to bankruptcy. Presidents from Hairy 
Truman onward have said that the UN 
assessments are a contractual respon- 
sibility and that their level is set by 
consensual agreement with other 
member states. Senator Richard Lugar 
of Indiana has introduced an amend- 
ment that would authorize payment of 
the total amount owed over two years, 
without conditions. 

One does not have to endorse the 

United Nations and all its works to 
wonder if it is necessary to surrender to 
Mr. Helms, the Foreign Relations Com- 
mittee chairman, before even a vote has 
been taken. The endorsement of his 
Democratic colleague Senator Joseph 
Bidea of Delaware does not inoculate 
the committee plan from criticism. 

Of course the world organization 
could do more to streamline its op- 
erations and eliminate bureaucratic 
lard. But under American pressure it has 
already substantially improved budget- 
ary procedures and pared its payroll 
under Secretary -General Kofi Arman, 
elected last year with Washington’s ar- 
dent support- In July Mr. Annan is due 
to announce further reforms. 

With the end of the Cold War and 
after years of attacks on the United 
Nations, the votes may be lacking to 
adopt the Lugar amendment. Nor is 
there great harm in all the conditions, 
called "benchmarks,'’ in die Helms 
measure. If the senator wants the pres- 
ident to certify dial die United Nations 
will not tax Americans and form its own 
army, as alleged in paranoid militia 

propaganda, then so be it Moreover, it 
makes sense to reduce the U.S. share of 

makes sense to reduce the U.S. share of 
UN assessments. What does not make 
sense is to ordain that unilaterally, 
showing contempt for all other member 
states and setting a deplorable preced- 
ent. Instead of settling for tirc < : '*lms 
deal, Senate Democrats and d: hite 
House should improve it. 


Swiss of Two Minds 

Switzerland, accused of getting rich 
and prolonging the war by trading with 
Nazi Germany, is caught between 
atonement for its World War II of- 
fenses and resentment at being singled 
out for blame. On the official level the 
tone has turned prickly, and on the 
popular level some responses border 
on the anti-Semitic. The effect is to cast 
doubt not only on Switzerland's ca- 
pacity for honest review of its wartime 
neutrality but also on the electorate's 
readiness to approve compensation for 
Holocaust survivors and heirs. 

Disclosure earlier this year of deal- 
ing in looted Nazi gold, banking for 
and selling arms to the Germans and 
turning away Jews at the border 
prompted substantial Swiss contrition 
in word and deed. But publication a 
month ago of a massive research study 
by the U.S. government altered the 
political chemistry. Increasingly, it 
seems, the official nature and the 
severity of the report have turned many 
Swiss away from a focus on the moral 
compromises condoned in the name of 
wartime neutrality. Instead the evident 
disposition is to challenge those who 
have called for an accounting. The 
Swiss government’s own spokesman 
on the Nazi gold issue dismisses some 
part of the international criticism as 

It counts, however, that the Swiss 
authorities are still on track in the cru- 
cial matter of fact-finding. Stuart 
Eizenstat, who as undersecretary of 
commerce coordinated American gov- 
ernment policy on these issues, noted 
recently that Switzerland set up one 
commission (chaired by Paul Volcker) 
to search the banks for Jewish assets 
and another commission to probe broad 
Swiss policy in the war. It can scarcely 
be doubted that some farther painful 
findings are coming. Recently a new 
and shaming list of aims- industry prof- 
iteers came to tight. The Swiss need to 
be encouraged to let these inquiries 
take them where the facts may. 

The reaction against further foreign 
entry into what some Swiss believe 
should stay a Swiss discussion has its 
own political implications. There may 
yet be a national referendum to ap- 

prove a Swiss National Bank pledge of 
$70 million to a private restitution fond 

$70 million to a private restitution fond 
for Holocaust survivors. There def- 
initely will be a referendum to approve 
establishment of a $4.7 billion endow- 
ment that would spin off some $200 

million annually, presumably to needy 
victims. It should help the Swiss 

victims. It should help the Swiss 
people to do the difficult but right thing 

if they know that they and their country 
will be respected for it. 





KATHARINE P. D ARROW. Vice Chairman 

RICHARD McCLEAN. Publisher & Chief Executive 
MICHAEL GETLER, Executive Editor 

• WALTER WELLS. Managing Edrur • PAUL HORVTTZ, Deputy Managing Editor 
CARL GEW1RTZ. Associate Editors • ROBERT J. DONAHUE, Erhaw of the Editorial Pages 
• JONATHAN GAGE, Business and Finance Editor 
• RENT: BONDY. Deputy Publisher 

a JAMES McLEOD, Advertising Director » KDIERBRUN. CirruLrion Director 
Dincteur de la Publication Richard McCiean 

InrenutKnul HeralJ Tribune, 181 Avenue Ctartes-deGaullc. 92521 Neuilly-Hir-Seine. France. 
TeL- (H4l.43.9JiR Rue Subscnpfora. ( 1 » 4l.AW2.Ift Advertising. (I) 41 A192.I2; New. ( 1 141.CSW8. 
IruHTta sdteW’ htt(n//wvwf jJiuoai E-Mail: ila@fluc«n 

Editor fa Aau Micturt thchenbim.5 CuiticrhuniRJ.SiitgaporefTi 1 1 Tel |GJ ) 472-7768. Far ■ [<55j ’ 74-1334 
Her. (hr. Asia. fWf D. kenrpekl. id ClctKtrlo <W M Hong Konx. Tel. SS-&2-IIW. Fur 852 JSG2-/W 
Gen. Mgr Grntm'T SMte.Fridridwr. 15.6033 FraQtrM Td ^(W7I25M.Far 
Pm. US.tMidudCv'tnK.mVwlAn.. New Y(*k.N.Y. 10022. Ttt. ( 2121 751-3W Fax. (212} W-J57SJ 
(J.K Advertising Office 62 Long fore. London WC2. Tel. f 171 J 836-4802. Fax: f/7/l 246-2254 
SAS. M capital del 200 IK0F. KCS Naiuerre B 73202 H 26 Commission Pari mi re No. 01337 
QIW. Irmnaomrl Herald Tribune AH righi reserved. ISSN. EW-8852. 

TUESDAY, JUNE 17, 1997 


If China and America Learn to 

W ASHINGTON — Our recent 
conversations in Beijing with 
President Jiang Zemin, Foreign Min- 

By Zbigniew Braezmski and Michel Oksenberg 

is ter Qian Qichen, Beijing ’s equivalent 
of the national security adviser, Liu 
Huaqiu, and others convince us that 
Chinese-U.S. relations could be a, per- 
haps the, major bulwark for global and 
regional stability in the 21st century. 

China, in statements issued jointly 
with fluid countries, has begun to em- 
ploy the pejorative "hegemon'’ to de- 
scribe the United States. Such rhetoric, 
which draws on earlier Chinese con- 
demnations of the Soviet Union, can 
provide tile ideological underpinning for 
an antagonistic relationship. We stressed 
that point to Ihe Chinese leaders. 

There are no fundamental conflicts 
of interest, such as existed between the 
United States and the Soviet Union. 
Rather, the two sides have failed to 
develop a strategic framework to deep- 
en areas of common interest and to 
manage disagreements. That was easier 
in the 1970s and ’80s. when China and 
the United States confronted the shared 
danger of Soviet expansionism. 

The current debate over trading 
status and the near paralysis over the 
alleged funding scandal are symptoms 
of a deeper malady: the absence of a 
shared conceptual framework for the 

relationship. Without a compelling 
common vision, the leaders on both 
sides lack the political will to mate 
progress on vexing issues mired in their 
bureaucracies — human rights, Chinese 
entry into the World Trade Organiza- 
tion, Chinese arms sales and the mount- 
ing U.S. trade deficit with China. 

The increased U.S. emphasis on mil- 
itary collaboration with Japan, and the 
lack of U.S. clarity regarding the am- 
biguous aspirations of the leaders of 
Taiwan, complicate the relationship- 

To some extent, the Chines e have 
attempted to provide a conceptual 
framework. "The United States is the 
world’ 5 largest developed nation and 
China is the world's largest developing 
nation. The two nations share a re- 
sponsibility to ensure that the world is 
peaceful, stable, and prosperous.” 
That is a beginning, but it is far from 
sufficient The state visit of President 
Jiang in late October offers the op- 
portunity to broaden this formula. 

On the ideological and human rights 
front, two themes in our conversations 
seemed to hold some promise. 

First, the Chinese leaders appear 
poised to undertake additional, major 
reforms of state-owned enterprises to 

justify altered forms of ownership. A 
top leader emphasized to us that neither 
Marx nor En gel* could anticipate foe 
consequences of new developments in 

science and technology and especially 
of their inroli cations for ownership. 

of their implications for ownership. 

Looking to the long term, the leaders 
stressed foal it is unreasonable for a 
powerful nation to demand that ail oth- 
ers emulate its path. But they believe 
that foe different development paths will 
lead ultimately to a somewhat common 
end, induriing democracy. They refer to 
selection of village leaders through elec- 
tions and the expanding role of foe 
national and local parliaments. 

fo the national security area, our 
conversations suggest that foe oppor- 
tunity for dialogue is even greater 
To create a geopolitical setting help- 
ing Russia to emerge as apostimperial 
and responsible member of the inter- 
national community. 

To prepare for emergence of a uni- 
fied and on threatening Korea. 

To facilitate reconciliation between 
Beijing and the leaders of Taiwan. 

To promote foe Central Asian re- 
publics as independent states with links 
to the outside world. 

We stressed that America’s bilateral 

security treaties with Japan and Sotafa 
Korea provide stability for foe eqfa 
Asia-Pacific region, as has foe robot 
presence and forward deployment of 
U.S. armed forces. 

•• However, many Chmese wet begin- 
ning to view with alarm what they 
believe to be a U.S. effort to extend 
Japan ’s military role in foe region. Tha- 
is reason to include China in post^Ogfl. 

War security arrangements » North; ' 
east Asia. Excluding foe Chinese can . 
only make them dunk that these ar- 

rangements, are directed against them. 

sions should be held, military-to-oal- 
itary contacts should increase and ex- 
tensive discussions should be dis- 
creetly held among Washington, Seoul 
and Beijing on Korea's post-ramifi- 
cation security arrangements. 

President Jiang's October trip to 
Washington, if it is well planned, might 
not only reverse a dangerous drift but 
stimulate a realistic and long-term 
Chinese-American collaboration. 

Mr. Brzczinski was national security 
adviser to President Jimmy Carter. Mr. 

Oksenberg was in charge of China on 
the National Security Council in die 
Carter administration. They contributed 
this comment to The Washington Post. 

jamin Netanyahu has 

By Thomas L. Friedman 

presented to his cabinet the 
rough map of what he would 
offer the Palestinians in final- 
status talks, if they ever happen. 
His map calls for Israel to retain 
control of Greater Jerusalem, the 
Jordan Valley and a wide se- 
curity belt of territory along the 
1967 Green Line, which encom- 
passes Jewish settlements, all 
main highways and all sources 
of water. The map would assign 
the rest, a patchwork of roughly 
40 percent of die West Bank, to 

The muted reaction in Israel 
to Mr. Netanyahu’s map tells 
you all you need to know about 
foe peace process today. 

To begin with, it got so little 
attention because it was meant 
for local consumption. What 
motivated him to come out with 
it now, when there is no pros- 
pect of final-status talks, was 
not to lure Yasser Arafat to the 
table. If that were his motiv- 

ation, be would have shown it to 
Mr. Arafat, which he didn’t 

What prompted foe map now 
was Mr. Netanyahu’s desire to 
steal foe thunder of the newly 
elected Labor leader, former 
army chief Eta ud Barak. Indeed, 
Mr. Netanyahu timed the re- 
lease of his map for the day Mr. 
Barak was elected. 

Mr. Barak also advocates a 
tough territorial compromise 
offer to the Palestinians. By put- 
ting out a map similar to Mr. 
Barak’s. Mr. Netanyahu was 
appealing to the Israeli center, 
which long ago came to accept 
such a compromise. 

“What you have to under- 
stand is that Barak is another 
Bibi, he wants the office just as 
much as Bibi does, and he ap- 
peals to the Israeli center,” re- 
marked one diplomat in Israel. 

“Bibi needed to come up 
with a counterappeal to the cen- 
ter that his own Likud tribe 

could also accept. This is iL 
Bibi’s map keeps virtually all 
the settlements, all security and 
water, all of Jerusalem, and 
chops up foe Palestinian state 
into unconnected blocks, cutoff 
from both Gaza and Jordan. 
That’s a territorial compromise 
the Likud can accept” 

Even if this map were mo- 
tivated by purely cynical local 
politics, why did the Arabs dis- 
miss it out of hand? The truth is 
that some Arab leaders would 
prefer Mr. Netanyahu to be de- 
manding 100 percent, because 
if he demands only 60 percent, 
it means that foe Arabs have to 
demand something less than 
100 percent themselves, and 
they have done nothing to pre- 
pare their people for getting 
back anything less than 100 per- 
cent of the West Bank. 

But even that could be sur- 
mountable in negotiations. The 
main reason Mr. Netanyahu's 

map was spumed by foe Arabs 
was that it was totally uncon- 
nected to what he is doing on the 
ground — where negotiations 
have halted, where Israel is 
squeezing Palestinians out of 
Jerusalem and engaging in in- 
your-face settlement budding 
and other machinations, and 
where Mr. Netanyahu is mount- 

ing a camp aign in America to 
deleeitimize Mr. Arafat, who is 

delegitimize Mr. Arafat, who is 
the only Palestinian leader who 
can sign for less than 100 per- 
cent of the West Bank and make 
it stick with his people. 

Peace is not just about maps. 
It is about relationships — mu- 
tual trust and mutual under- 
standing of the other side's 
political constraints. Yitzhak 
Rabin had a vision of peace, 
both its necessity and what it 
could bring, and then he worked 
out the map and the relation- 
ships with ms Arab partners re- 
quired to achieve it 

Mr. Netanyahu has a new 
map, but it just hangs there. 

Globalization: Real Benefits, but Also Real Costs for Many 

«• » ' ■ r ;•! 

ing trade liberalization is 

VV ing trade liberalization is 
counterproductive as a response 
to anxiety about globalization, 
but the anxiety is real and well 
founded. Those who would pro- 
mote open trade have, to ac- 
knowledge as much. 

In general, globalization pro- 
motes prosperity; countries 
which have opened themselves 
to trade have done better than 
those which build protectionist 
walls. But globalization hurts 
some people and certainly does 
not help everyoae equally. 

Some countries, and many 
workers within all countries, 
are left behind. “Perhaps foe 
greatest risk,” writes Dani 
Rodrik. an economist at Har- 
vard's Kennedy School, is that 

-By-Fred Hiatt— - — — 

globalization will lead to “a 
new set of class divisions.” 

He makes this point in a re- 
cent book entitled “Has Glob- 
alization Gone Too Far?” — to 
which he answers "No, but 

This is not the first era of 
globalization, he points oul 
T he world economy was pos- 
sibly more integrated in foe late 
19th century, in terms of trade 
and foreign investment In- 
equality increased then, too. 

During that first era of open- 
ness, labor was far more mobile 
than today (it was a time of mass 
migration). Now highly skilled 
and professional workers are 
mobile, either physically or via 
computer, but most countries 

no longer welcome unskilled 

Meanwhile, companies that 
once were anchored in their 
communities can easily pick up 
and relocate. In fact, companies 
which do not go where they can 
manufacture and operate most 
efficiendy will soon be over- 
taken by those which do. 

So capital can move, but 
labor can't; business executives 
are in a strong bargaining po- 
sition, but workers aren't; and 
the result is pretty much what 
you would expect 

Taxes on capital throughout 
the industrialized world have 
been decreasing, while taxes on 
wages rise. The Economist re- 

Stability, Investment and Reform 

By Gordon Brown 

The writer is Britain's chancellor of the Exchequer. 

L ONDON — Building a 
platform of monetary and 

Jl_/ platform of monetary and 
fiscal stability is foe first eco- 
nomic task that Britain's new 
government has tackled. 

The stability of the postwar 
period was achieved within a 
relatively closed economy, with 
national financial markets, 
fixed exchange rates and fre- 
quent recourse to capital con- 
trols. Today stability has to be 
won in an environment of glob- 
al capital markets. 

The judgment of the markets 
is as swift as it is powerfnL Over 
foe long term, investors will 
choose to invest for the future in 
a stable environment rather than 
an unstable one. 

The Labour government is 
committed to monetary stabil- 
ity, so that businesses and fam- 
ilies can plan for the future; to 
fiscal stability; to higher levels 
of investment in both people and 
business; to a modernization of 
our welfare state, and, not least, 
to free trade and a constructive 
engagement in Europe. 

Monetary stability' is the es- 
sential foundation. Our new 
framework gives foe Bank of 
England operational indepen- 
dence, and is for the long term. 
The government’s role is clear 
— to set foe economic objec- 
tives and, in particular, the in- 
flation target The Bank of Eng- 
land’s new role is also dear — 
to take the operational decisions 
to meet the inflation target 

The bank will set policy to 
achieve an inflation target of 2.5 
percent. But I have also intro- 
duced a new procedure that will 
reinforce the government's 
commitment to a more trans- 

parent and accountable system 
of monetary decision-making. 

If inflation is 1 percentage 
point higher or, for that matter, 
lower than the target of 2.5 per- 
cent, then the governor will 
write an open letter to the chan- 
cellor. That letter will explain 
the reasons why inflation has 
moved away from foe target by 
more than 1 percentage point; 
foe policy action which they are 
taking to deal with it; the period 
within which they expect in- 
flation to return to the target; 
and how this approach meets 
foe bank's objectives as set by 
the government 

If we succeed in strengthen- 
ing tbe ability of the British 
economy to sustain growth with 
low inflation, and if internation- 
al conditions permit, then I 
would hope to lower the infla- 
tion target. But the long-term 
inflation target of Z5 percent, 
reinforced by the open letter sys- 
tem, provides the final building 
block for our new framework of 
British monetary policy. 

Building a platform of long- 
term stability also means that 
government must play its own 
role by achieving sustainable 
public finances. 

But we also need to 
strengthen foe underlying ca- 
pacity of foe British economy. 
Long-term investment holds foe 
key to our future prosperity. It is 
crucial to improve the supply 
side of the economy — lo re- 
move the obstacles to dynam- 
ism and make it possible for us 
to sustain high and stable levels 
of growth with low inflation. 

My budget will promote sta- 
bility and investment, but it will 

also unleash the potential of 
everyone by reforming our wel- 
fare state. The three modern- 
izations we have proposed — of 
employment policy, of tax and 
benefits, and of lifelong learning 
— reflect our determination not 
merely to compensate people 
for their poverty, but actually to 
tackle foe causes of poverty. 

Our welfare- to- work pro- 
gram will be aimed at helping 
250,000 young and long-term 
unemployed people into work 
by giving them opportunities to 
learn, train and gain employ- 
ment But we will also mod- 
ernize the tax and benefits sys- 
tem to ensure that people have 
jobs, are able to keep tbe jobs 
they have and are able to move 
into better jobs. 

The new Labour government 
cannot build a stronger British 
economy in isolation. Europe is 
where we are, where we trade 
and where we make our living. 
Sixty percent of our trade and 
3-5 million jobs depend upon iL 
It is vital that investors have 
confidence in our relationship 
with Europe. 

Our long-term commitment 
to Europe means that it is es- 
sential that we must play a lead- 
ing role in shaping Europe's 
future. We will push ahead with 

ports- that corporate taxes’ share 
of U.S. federal revalue has 
fallen from one-third before 
World War Q to 12 percent 
now, with income taxes filling 
the gap. The trend is similar in 
Europe and elsewhere. 

Companies' ability to resist 
overtaxation can impose a fiscal 
discipline that would benefit an 
economy regardless of the de- 
mands of globalizati on- 

in the Tong run, though, it 
could also lead to a race to foe 
bottom among countries lower- 
ing tax rates to attract business 
and thereby finding themselves 
unable to pay for the very pro- 
grams — such as education and 
training — that their people 
need in order to adjust to a glob- 
alizing economy. 

At foe same time, those ben- 
efiting least from globalization 
would be paying a larger and 
larger share of taxes. 

So there are two related neg- 
atives: growing inequality and a 
loss of national sovereignty. 
Nations are beginning to re- 
spond by seeking coordination 
in policies that used to be con- 
fined within national borders: 
labor standards, pollution con- 
trol, antitrust rules, bribery 
laws. Taxation policy eventu- 
ally will be added to the list 

More and more, politicians 
will come to see coordination as- 
a way to restore some measure 
of sovereignty. Certiorate lead- 
ers may come to welcome some 
consistency in rules governing 
corruption, labor rights and 
comttetition policy. 

“I think it will happen in 

prosperity is a necessary pre- 
condition for the kind of cod* 

condition for foe kind of cod* 
vergence that Mr. Condit iS 
talking about. ’> 

U.S. Trade Representative 

Charlene Barshefsky has an 
ambitious second-term trade 
agenda. She wants to push for 
more U.S. exports by sector 
(agriculture, telecommunica- 
tions) and by region as well as 
by country. She also wants tp 
push for more international co- 
ordination in labor, corruption 
and antitrust policy. 

But she can't do it without 
congressional approval, antf 
Congress is unlikely to approve 
unless President Clinton fights 
hard. He will have to confront 

the anxieties as well as cham- 

pion foe negatives of global in- 
tegration. , 

The Washington Post. 


1897: Colonizing Power 

LONDON — The Tunes says: 
“The difficulties likely to be 
created for America by the an- 
nexation of Hawaii are by no 
means confined to the domestic 
and Constitutional order. Hawaii 

all ours may be the sole planetary 

system in foe Universe; foot tlx; 

other fixed stars or suns may noi 
be far enough advanced in the 

process of condensation to bay? 
anv true nfanets — solidified 

will be foe first foreign depen- 
dency of foe United States. With 
its acquisition comes the neces- 
sity OI a new and serious fnreion 

the completion of die single 
market And we in Europe must 

market. And we in Europe must 
both learn from the United 
States and share our own ex- 

perience and expertise in re- 
forming our welfare systems 

forming our welfare systems 
and promoting long-term flex- 
ibility in our markets, espe- 
cially our labor markets. 

In our monetary and fiscal 
policy we are determined to 
chart a consistent course, not for 
a few months or even a year or 
two, but for the long term. 


sity of a new and serious foreign 
polity. America has made ir a 
cardinal feature of her foreign 
policy to refrain from entangling 
engagements beyond her bor- 
d«s. By the annexation of 
Hawaii, she becomes a colon- 
izing power, with the duty of 
defending a group of islands in 
foe heart of the Pacific.” 

any true planets — solidified 
bodies — dependent on them far 
whatever of animate vitality may 
exist upon them. Consider how 
much a reversion to this old no- 
tion may re-exaK man's opinio? 
of himself! ■ 

1947: Aid to Greece 

ATHENS — The draft agree- 
ment between foe United St3$J 
and Greece for disbursement 

MUM IVI ■ , 

the American aid program h°5 
was approved by die Gre^ 

1922: Cosmic Theory 

PARIS — [The Herald says in an 
Editorial:] A kind of reversion in 
astronomic speculation is begin- 
ning to be tentatively defined. 
The theory is broached that after 

Cabinet today [June 16], andtbc 
signing of the document wffl 
complete foe last step except ftf 
the appearance of the American 
mission personneL America? 
experts will be assigned ffl 
Greek ministries to note foe 
rection of every dollar moving 
through government hands. 

i (rW*" 
;■( karipM I 

n. ( 



a +m 


'A Mftt 


Netanyahu’s Map Is Just a Bunch of Lines on Vivid Embers ! 

unconnected to any realistic 
strategy for building peace. It te 
just a bunch of lines. 

The same is true for the 
Arabs. All they offer Israelis is^ 
different bunch of lines, but 
with no vision that suggest^ 
they are really ready to nori 
malize with the Jewish state. 1 
You can have peace based qq 
a bunch of tines between Egypt 
and Israel, two big states divided 
by a desert, but you can't have it 
between two peoples who share 
foe same sidewalks. When you 
offer them a map without nur- 
turing any new relationship be : 
tween them, all you are doing is 
drawing the lines of where tbeif 
conflict will move next 
Mr. Netanyahu's map wa& 
not heard because it is a falling 
tree in a burning forest — a 
forest where he lit tbe match and 
Mr. Arafat stokes foe flames. If 
nothing is done soon to contain 
this blaze, there is going to be & 
big, big fire. 

The New York Times 


i* ** i 

. — ij: I 

A***** .#» for. « 
- 1F». ftffoifo wm 

pMflfofolt n gaW M. : 

--.jet* tWfcjfo; 

tmt -wfrjg foty gfr*, 1 
Vc brwefnut; fo font' for » 

Tbr fowl i 

. 1W fowl ft* hm 


. t#« rwwBfo for A 

iWn JP-- 

^ ni t nrJj m a. p m p* 

’ F «t V 'ifoirr wnriT'llfol i 

’ f.ffV i 

S fo" fc-wcf 

. Tit; _*e br a w foi l ed efc 'tocr 

pieces,” says the Boeing chair- 
man, Philip Condit “I think the 
World Trade Organization, is'* 
way of beginning to put a world 
discipline rat these kinds of is- 
sues ... It’s not a two-year pro 1 
cess. U's a fairly long process." 

Globalization may increase 
inequality, and opponents of 
trade pacts often sound as 
though the world has been go 1 
ing downhill since tariffs begaq 
to come down. But U.S. un- 
employment has not been foi£ 
low in more than two decades 
And, as the United Nations’ lu- 
cent Human Development Ref 
port notes, 4 *in the past 50 years 
poverty has fallen more than ia 
tbe previous 500." 

Overall, trade promotes 
prosperity — and growing 


bn vm M four*. ' 
ojKjate train 

< "’.'J Mitnri sd ■ £ft% Mai* 

Offoc t U|#*4 
A paiancm not dmr*:** 
‘track -* ftafofifoi 
for jwfofoarfVwwiWfc 

««* .mbm mkm M 


_i. 7A„: .i] 

J.T '< I 

«vfnr ft* 

+ ' - — ■ fluiJL iuMHfoi 

IbfoLtf foe iiAflt ft 
tetie ywwf joraawn flft 
In the fofotfftkaufov ti 
bwlfe mm 

Scute* Mai raft 
apptfcftL V«fMt it *■ tk 
Av ft* tfotefov* 



* A*? 

in* rtftgt; hafo 

i 7. 

Kf" yi x&wm* 

Ir. pifeY crf fl 


w-tflfof atartni Aft < 

Cfcv'l® ***** 

Qto Nft 21 S 
fek fafotaw Hr AM 
;>ir fcrliftfcn focal 
T* iS MIHWfc* *fo*j 


Irk sc*te 72 ** 

jezept fot fiftflir * 

aatt 12- * 

t«r«- &' 2* 

Oft » Itfl&efVtiMi 
aid Bfect n font m 



i m 

a M 

. * « - 

« m* 



» wer 

U ftafo 

M M» 

»•» •• 


:»#rm *jf ".it ti 
jfcS&l'+i ia !EZ1 fzJ. 1 :!-- -■ 

fetwtffci *nvuii g*i. 

Work TofTMU 

. ' '"ft. 

-z : t iv- . - - . I- 

P4GE 9 

W kmt iBEw&S jr-i’-* -■ 

ti > ta"s 


lAtvt by tiy g* ftrfftj -> .?: 

WftU*4i#£+. TocjMcI-f 
gpi ra c fen- as^ *v 

r I mi ll- 3gg j^sr- ;j f :Tv 

^pWJWWE*-.- • 

Mt «*.&&&. Sft i.'ii: 
w j jjfgff - T fe^-itir; ojsp ; 
fw» t*. <C*»sr i*Tairi . 
rS4*jhtie*i *rsuE rrir- 
htfrjr AOr r«oS W~ -j v - '• 

* mrfllNf frf Efe*- W.— 
»»!>. ' . .. . 

«T5t^ L^Cjl 

*«fcita2€. >>.*.-#=“- 
to*3a»-»j T'4 »-A«s. ■ 

'rtw i> 4 - 7 .- 

fc^-.^ rU-.LifcLx Tfcj =T ^ i •: 

'’WiC ' ’ f 

fea uurfM -- *c’L&? ^ • 

'Lilies on Yivi« 

:UU* -*»*.»* -»fr=«.-=r-.T r-7 ! 
»Jn : 1_-1 :i ■■* r 
ds* *M w» ^ ,3U Jat L. .1 . • 
,jwu»rti : ■afw'.’r u.- . 

:«««« -i£. »r«--- 

■jfwf ‘V.:- ---TUm-.- 

- W WPSa.- ^MCJkTiV.* 

’ ■Dwt-M;. .Vru&far.L. 


. . -> 

: \ 

' t- 

«j; v 

- i’^ 

"■-'* i. 
1 ’»f. 
; r - ! i 

-r t 
;• s. 
' " :; iv: 

.'■'f ; 

■ ^ISi 


! »il)ers 

If»u^v M - 

f ■ - •-- --; ^ - ; 

-_iei *f|j; ", r. 

-■S-» at-Trr '-i i 

^ ■* ■■'" :.-• r-'/r- 

; _. i 'f-’ ‘='- ;•••• 

. It .C-i^i-CrE - 1_ _ _ 

"K** 1 , rruf 

WfVfc^-r ■' j-.- .“i* •; 

£»»J vi'-K a: . : ' f v : 

‘ .•.?-. ..- ;;:7r •• 

£ •■’ •>■ ’+? -=.-?= .« »-‘J 

•» . J\ j; " -.j- 

V*5.->T=^E 7.1. 

Iso Real Co 

• »r ,'i ’ •-. f.'-Tkiii rr-.-.- V t ' 

• -.; 7 -7. -.Vf7 

W 4 - n.f? .- 

*- ,.fT : t=---- . .. 

|at. Pv f-c:-s. r •• -t ... 

.-. . i •.’ir« ll -ir rc.^‘ ii-lfi -. 
O'-' : 'Vi.i ..;.7- i-.v. v-:;-- 

! =riif '; w- ..- 

-j; i‘ .U : * 

it ■ 

' 'S 

-■ h ■ 
1 : 


• Ll •'; 
’’ ".jf 


After Gays and Women , 
It’s Straight Men's Turn 

By Frank Rich 

N EW YORK — It was 
Richard Tafel, executive di- 
rector of the gay Log Cabin Re- 
poblicans, who called last week 
to remind me of the derivation of 
the slur “faggot.” 

As the Oxford English Dic- 
tionary says, faggot initially 
meant “a bundle of sticks, twigs, 
or small branches of trees bound 
together” — to be used “as 
feel” or for “bunting heretics 
alive” The image was on Mr. 
Tafel's mind because of the adul- 
tery hysteria that now. rages 
through our American culture 
like an out-of-control forest fire. 

Homosexuals, especially 
. those in politics, are used to such 
sexual witch-hunts. So, histor- 
ically, are women. But suddenly 
in 1997 not even heterosexual 
men, of all people, are safe from 
the Lapping flames. “The fire the 
religious right started with 
gays,” says Mr. Tafel, “is start- 
ing to singe straight men.” 

Whether the fail of Joseph Ral- 
ston, the air force general brought 
down by an extr amari tal affair, is 
analogous to the Kelly Fltim 
case, it is a double for toe need- 
less trashing of the gay Bronze 
Star recipient Margaretbe Cam- 
mermeyer. Colonel Cammer- 
meyer’s nearly 30-year military 
career was sacrificed in 1992 as 
poistlessly as General Ralston’s 
when she revealed the nature of a 
private sex life that should not be 
anyone else’s business. 

TTie next chapter of this epi- 
demic of pansexual faggot-b tim- 
ing will be played out in die polit- 
ical arena. And as Mr. Tafel 
acknowledges to his own dis- 
may, it’s the Republicans who 
have the most to lose. If Bill 
Clinton is caught with his panm 
down, no oik can accuse mm of 
the sin of hypocrisy (and, judging 
from the polls, no one does); he 
never promised us a monogamist 
in the Rose Garden. 

But for those politicians who 
have draped themselves in fam- 
ily values, the day of judgment 
may be at hand. Just as military 

bureaucrats never imagined 

that their sexual policing of a 
F I inn or Cammenneyer could 
backfire on their own sexually 
fallible high-ranking officers, 
so straight-male politic ians 
who’ve made a career of sternly 
policing women’s reproductive 
organs and gay people’s bed- 
rooms risk being hoisted by their 
own transgressions. 

Already there’s been one spec- 
tacular casualty. In die midst of 
the Ralston rev elation^ 10 days 
ago, Michael Bowers, heretofore 
the leading Republican candidate 
1998 Georei: 

i about rr.fttiVKTE swum j. 

| OF BGbwPfchtfWftS STOPPED Cf N4- 
^T^SHPNSRa&l^tRSOViR&EP andgmm 

for the 

leorgja governor’s 

revealed that he had had a 1( 
year extramarital affair with a 
married employee. 

As state attorney general, Mr. 
Bowers was fond of such pro- 
nouncements as: “Society has a 

right to define moral standards.” 
He had rigorously enforced 
Georgia’s anti-sodomy law, de- 
fending it successfully before the 
Sapreme Court in a notorious 5- 
to-4 decision of 1986 that sanc- 
tified a police bust of two gay 
men practicing consensual sex in 
tbeir own home. 

He had also invoked sodomy 
in winning circuit court ratifi- 
cation of his decision to with- 
draw a job offer from a highly 
qualified lawyer who asked a 
rabbi to officiate over a marri age 
ceremony — spiritual, not civil 
— between her and her lesbian 
partner. But since adultery, like 
sodomy, is also still on the books 
as a crime in Georgia, Mr. 
Bowers now stands revealed, by 

his own moral standards, as a 
criminal as well as a hypocrite. 

How many other family val- 
ues- preaching sinners are out 
there aspiring to higher office? In 
a tabloid age when there’s a bid- 
der for eveiy secret, and with 
a Republican hierarchy full of 
divorced men, we’re certain to 
find out. 

Like the Bowers case, other 
recent history reinforces toe prin- 
ciple of classic farce: the more 
pious toe politician, the greater 
toe hypocrisy. My faves include 
Enid Greene, toe former family- 
values congresswoman from 
Utah oblivious to toe check-kit- 
ing felonies of her husband, and 
Bob Barr, the thrice-manied 
Georgia congressman who last 

year both sponsored toe anti-gay 
Defense of Marriage Act and 
sternly lectured a bon ion rights' 
leaders on morality during tele- 
vised hearings. 

In this heated atmosphere, it 
only follows that Pat Robertson 
last week voluntarily gave up the 
Christian Coalition's presidency 
and, in a vote for the almighty 
dollar over toe Almighty, sold his 
Family Channel to Rupert Mur- 
doch, the man who turned over 
TV's family hour to “Melrose 

Mr. Robertson. equally 
shrewd as a politician and a busi- 
nessman. knows enough to cash 
out of the family-values racket 
just moments before the crash. 

The Nr K' Yuri Tutu's 

When Young Murderers 
Boast of Their Deeds 

Bv Bob Herbert 


r. ( 



X Frenchman in the U.S. 

' Elections won’t change any- 
thing in France. The f undam ental 
Reason for this springs nor from 
the nature of politics but from toe 
gUiaconservative nature of toe 
french. The more a Frenchman is 
‘p the pohtical left, the more con- 
servative he is and the less he 
accepts any change. The rigidity 
of toe French is such that they 
would’ sell mother and father just 
to hold onto their “petites pen- 
sions,*' vacations and retirement 

Tbe-proof? Whether it’s posh- 
ing back toe retirement age or 

adapting Air France to toe world 
market, the french are always in 
toe streets protesting against it — 
and for their cherished social priv- 
ileges. They’re all in favor of 
change but only if they get to keep 
their benefits. In short, toe solu- 
tion to problems is always 
someone else’s problem. 

The French get teary about toe 
unemployed, but don’t be fooled: 
It’s cmly an excuse to demand 
even more benefits for them- 
selves. They’ll even go so far as to 
say, solemnly and pompously: 
“Let’s share work. That way, 
there'll be fewer unemployed.” 
This can be translated as: Increase 

my vacation time and retirement 

But what happens when pro- 
ductivity drops a bit more and 
results in an even higher unem- 
ployment rate? 

All you have to do is take attain 
or toe m6tro, or go into a caf6 or 
waiting room, and listen to toe 
french talking among themselves 
to understand just how conser- 
vative they are. Their conversa- 
tions are incredible. The topic is 
social benefits, vacations, week- 
ends — but work? Never. 

The reality is clean The French 
don’t want to work bnt continue to 
demand that toe state provide 

completely for their future. This 
can’t go on forever. 

Looking at France from toe 
United States is a bit like watching 
the Titanic heading out into the 
night You know toe future is full 
of obstacles and no ship is un- 
sinkable. The french have been 
warned about the dangers, and of 
the necessity of sacrificing some 
benefits in order to save many 
others. Noihing doing. The 
Frenchman, like those who built 
toe Titanic, knows better than 
anyone, thinks hims elf invincible 
and continues to deny the evi- 
dence that France must be put 
back to work. 

No jobs in France? There are 
plenty. The first consists of cre- 
ating the favorable economic con- 
ditions that will provide work for 
toe unemployed, for those stuck in 
miserable internships and for oth- 
ers who have simply retired 
The french of the year 2000 
protect their social privi leges 
much as the prerevolutionary ar- 
istocrats protected their fortunes 
by refusing to contribute taxes to 
the development of toe country'. 

Like them, today’s Frenchmen 
will finish, one day or another, by 
losing their heads. 



N EW YORK — Corey Arthur 
made virtually no effort (o 
conceal his role in the murder of 
Jonathan Levin, investigators 

Detectives believe that Mr. Ar- 
Ihur. 19, bounced around on the 
subways in toe day or two before 
Mr. Levin's death, try ing to per- 
suade first one and then another 


acquaintance to join him in the 
fatal scheme. 

After the widely admired 31- 
ycar-old high school teacher had 
been stabbed, shot and robbed in 
his upper West Side apartment. 
Mr. Arthur, like so many other 
young violent offenders, could 
hardly wait to tell friends what he 
had done, the police said. 

“He was boasting about it," 
said a veteran homicide detective. 
“They all do it They want their 
peers to know.” 

Mr. Arthur left a message on 
Mr. Levin’s telephone answering 
machine before the murder and 
reportedly left persona) items in 
the apartment afterward. He never 
really tried to hide. He never fled. 

“He even kept the bloody 
clothes.” the detective said. “For 
what? Souvenirs'?” 

Some people bit game-w inning 
jump shots at the buzzer. Some 
save lives on the operating table. 
Some write hit songs. It doesn't 
matter what they do. It's all about 
respect. They want their peers to 

In toe world inhabited by Corey 
Arthur there is an extraordinary 
number of hapless individuals, 
mostly male, who roam the streets 
and ride toe subways raging at 
their insignificance, 'at their iso- 
lation and chronic inability to deal 
successfully with the larger 
world, at the contempt and disdain 
with which they are viewed by so 
many, including themselves. 

They are obsessed with gaining 
respect. Unable to achieve it in 
more conventional ways, many 
turn to violence. A Brooklyn teen- 
ager once said to me. "Nobody 
disses you when you’ve got a gun 
on ’em.” 

Corey Arthur (who has been 
indicted, along with a codefend- 
ant. in Mr. Levin's murder) had 
very little going for him. He 
wanted to be a rap star but his 
talent was limited. He had a police 

record. He was expelled from 
William Howard Taft High 
School in the Bronx, where he met 
Mr. Levin, He had a drug habit 
An acquaintance quoted in a 
Times story said: “He always 
wanted to have money but never 
wanted to get a job. His M.O. was 
to slick black people up or who- 
ever he can.” 

Mr. Arthur may not have 
known that Jonathan Levin had 
come from an extremely wealthy 
family, but it's a safe bet that he 
envied what he saw as his ex- 
teacher’s exalted status. Jonathan 
Levin got lots of respect. Corey 
Arthur got none. Whatever hap- 
pens to Mr. Arthur (toe options 
range from acquittal to execu- 
tion). it is in that deep and de- 
structive divide that we need to be 
working if we want to prevent toe 
many tragedies that flow from the 
sense of worthlessness that is felt 
by so many potentially violent 

It is the tallest of orders, and not 
at all for toe faint of heart 

Families have to be knitted 
back together and fathers brought 
back into the home. Children have 
to be taught to read and to reason 
in schools that are secure and in 
good repair. Attitudes have to be 
changed so that violence loses its 
cachet and teenagers don’t feel 
that after killing someone they are 
entitled to turn around and take a 
bow. Punishment for those who 
harm others should be swift and 
certain and severe. 

And toe men and women with 
their hands on toe levers of the 
economy need to be made aware 
that a saner, safer society depends 
on employment opportunities be- 
ing available to everyone who can 

Many people are already hard 
at work on these matters. (Jonath- 
an Levin was one. He had a gift for 
honing the talents and ratcheting 
up toe esteem of his students.) But 
the task is enormous and getting 
bigger. The demographers tell us 
a huge new wave of teenagers is 
almost upon us. 

We can engage them and guide 
their energy and talents along con- 
structive paths. Or we can ignore 
them, and wait for toe weakest and 
most desperate among them to 
seek their measure of respect and 
toe applause of their peers by 
squeezing toe trigger of a gun. 

The New York Times. 


*;.v • 7 -t.. : : - - - : 

=«» 'IT . Lr *. *:-a : 


V r-: « 5 * • : 

’TT « .-m -at—' 3s: 7 « 7 ." .. 

fen- =•'•'. - : -->• 

."Wf i ■■ 

; - - y -t;;- i -r 

Z' 7' V.4'7 7 ' 


ffibree Short Novels 

3yPhiiip CopuJo. 353 pages. $25. Alfred 
A. Knopf. 

Reviewed by 

Christopher Lehmann-Haupt 
£fHE title “Exiles” and toe name 
.XjPhilm Caputo seem almost tauto- 
IpgicaL In his previous six books — two 
cjf them memoirs, “A Rumor of War” 
and “Means of Escape”; four of them 
liovels, “Horn of Africa,” “DelCorso’s 
Gallery,” “Indian Country” and 
^Equation for Evil” — Caputo has re- 
peatedly explored with considerable 
skill the alienating effects that warfare in 
foreign countries, most hauntingly Vi- 
etnam, have had on Americans. 

. So it is predictable enough that two of 
ihe three short novels in “Exiles” are set 
ghtoad and focus on extreme cases of 
cultural conflict 

In one of them, “Paradise,” a white 
couple tries unsuccessfully to impose 
economic self-sufficiency on toe black 
natives of a tiny island in toe Torres 
Strait of Australia. In the other, “In the 
Forest of the Laughing Elephant,” four 
American soldiers and “a hill tribes- 
man” track a huge man-eating tiger in 
the jungles of Vietnam. 

But what makes “Exiles” extraor- 
dinary is the lead stray, “Standing In,” 
which is set mainly on toe Gold Coast of 
Connecticut and which concerns neither 
warfare nor foreigners. Here Caputo 
brings fresh subtlety to the psychology 
of exile. It is rate of toe most engaging 
works of fiction he has yet produced. 

Both of die other novellas certainly 
seize your attention effectively enough. 
In toe paradoxically titled “Paradise,” a 
badly sunburned man washes up on 
Nettles Island in a rubber life raft, the 
apparent victim of a shipwreck. 

As the islanders nurse him back to 



■I**i*V. • 

By Robert Byrne 


1 -■■■ 

i_'«: - 'is?t : . -• 

to wtf ; • 

? 3T -" - 

. gf toviU a-sy?^ *..( ■ - :* 1 *■ •' 

. b-v? M »»..• - - 

' -rr • •• ■’ . 

•»■•» liai i.-t 

' - xi-L j 

- *.1 -5 IMP i 

riiOCRWiU v i,. 

iSf /.-"thr t t-sr . = - 

' 4 ‘ ; 

'taif ' 

W 'ifay-y t _ 

feftto fc War 

■jrAfi «--- 

tm a****? 

***** ^ ' - — i - 

tm** ** •***'*- - 

Awvf?- ’’ ’■ 


V ISWANATHAN Anand beat Va- 
sili Ivanchuk in Round 8 in toe 
’Amber Tournament in Monaco. 

...The Kan Variation of the Sicilian 
defense, arising after 4_.a6, lays claim 
In a minority of terrain but intends to 
cfcfend it like a porcupine. 

,, ( After 9_Be7, it remains an open 
Question where White should develop 
ipe qu«n bishop, at d2, e3 or g5. This 
game makes a good case for toe fianch- 
etto with 10 b3 and 11 BbZ 
The wpJMny of knights with 12 Nc6 
Bc6 is mcae efficient than trying to avoid 
ibhy losing time with toe retreat 12 NG. 
t Afar 14. Jlab8, Black cannot beper- 
ffiitted to advance widi 15...b5, which 
would free his game and give him easy 
&jun£crpiay. So Anand clamped down 

J^Maybe Ivanchuk should have played 
with the idea that afterl6Bd3, 
Se d3 square would be appropriated so 
53$ Anand could not marshal nis forces 
ffifeJ6 Rd3 for a mating attack. 

■•fe-'-/ . (VAMCHUKOACK - ■ " - 

liiT* V 



- 7 -: 

. **«?*•'' - 
a ***t^Sj 

After 17 Rd3, Ivanchuk could not play 
17..JMc5 18 Rg3 Nb3? because 19 Rg7! 
Kg7 20 NdS wins a queen far Anand. 

In place of 18—g6, Ivanchuk could 
have played 18.~h6, but then 19 f4! 
woula have started an attack to be pur- 
sued by 20 Qd2, 21 g4 and 22 g5. 

On 19 Qd21, Ivanchuk was hard 
pressed to defend against toe threat of 
20 Qb6 Nf8 21 Nd5! ed 22 Bf6, with 
mate u> follow. He could not well play 
19_Bc320Bc3Nf821 Qb6e522f4f6 
23 fe fe 24 Rh£3 because White would 
be in position for a decisive attack. 

Thus, with 19-.Qb7 20 Qd6, Ivan- 
chuk sired a pawn. 

After 21 ..JBg7 , Anand struck with the 
intricate 22 Nb5! Ivanchuk could not 
accept the gift.of a bishop with 22..JBb2 
because of 23 Nd6 Qb8 24 Qf7’Kh8 25 
Qh7 mate. Perhaps Black could hold out 
longest with 22,-e5 23 Qh4 ab 24 cb 
Nf6 25 be Qc6, but Ivanchuk would still 

have been a pawn down, facing the bish- 

^(jte'k-ab 23 Bg7 Kg7 24 Qh6, toe 
consequence of 24..iCf6 could have 
been 25 Qh4Ke5 26 Rdl Be4 27 f4 K6 
28Qg5 mare. 

’ On 31-cb, toere could have followed 

31_JBe4 32 Qf4 e5 33 Qe4 Qe4 34 Be4 
and Black is three pawns behind. Iv- 
anchuk gave up. 




»ltor2I. . - Bg7 





IS Khl 


17 Rtf3 




19 Qd2 


30 Qd6 
21 Qf4 



22 NbS 


23 Bg7 


S Qt>7 


• KeT 

28 085 
» Rb7 



20 042 
31 d> 



health, his behavior begins to unsettle 
toe delicate balance of power between 
the black natives and toe white admin- 
istrators who are trying to make toe 
island’s fishing business profitable. Yet 
despite the story’s steadily mounting 
tension, there is something predictable 
about the natives* outmaneuvering of 
the colonialists. We’ve read this story 

It is only in the longer “Standing In” 
that Caputo ’s narrative achieves real 
psychological freshness. Here Dante 
Panctta, grieving for his recently de- 
ceased mother, is thrown from his sleep- 
ing berth when toe train be is riding north 
from Florida to Connecticut for her fu- 
neral comes to a sudden stop in toe 
middle of toe night 

Going from car to car in search of a 
conductor to explain toe delay, Dante 
comes upon an older woman smoking a 
cigarette in the dark. They fall into con- 
versation and discover toe proximity of 
their homes in Connecticut and the vast 
social gulf between them: Dante is a 
barber who plays in a second-rate band 
at night; the woman, Greer Rhodes, is an 
old-line Yankee aristocrat who sells real 
estate to fill her time while her husband 
works as a stockbroker. 

The train begins to move again. The 
two say good night and are about to part 
when Greer sees Dante’s face in toe 
light, and says, “Oh, my God.” 

The next morning Greer and her bus- 
band, Julian, reveal to Dante that he 
appears to be toe identical twin of their 
late son. Clay, who died in an ac c iden t 
while serving as a naval pilot in the Gulf 
War. The Rhodeses then offer Dame a 
lift from Pennsylvania Station in New 
York City to Connecticut Grateful for 
relief from his loneliness, Dante accepts. 
Before long he will have given up his life 
in Florida and moved in with the 
Rhodeses to become a substitute sou to 

W HAT malms “Standing In' ’come 
particularly alive is the combin- 
ation of mutual emotional need and. 
sexual attraction that draw Greer and 
Dante to each other. To further com- 
plicate matters, Clay turns out to have 
been homosexualand to have died under 
scandalous circumstances, facts that 
Greer has always rigidly denied. Dante's 
willingness to become a substitute son 
offers her a chance to practice further 
den ial But is Dante hims elf heterosexu- 
al? And even if he is, can he bear toe 
pressure of being looked on as a parasite 
by the Rhodeses' snobbish friends? 

Summed up so tersely, ‘ 1 Standing In” 
may sound lure a soap-operatic parody 
of a stray by John O'Hara or John p. 
Marquand- But Caputo's characters, far 
all their neediness and inclination to 
deceive, turnout to have depth and mor- 
al resonance. The choices that Dante, 
finally has to make reflect toe instability 
of the American social dynamic, which, 
in the perspective that Caputo lends h; 
can be seen as a kaleidoscope made up of 
nothing but exiles. 

Christopher Lehmann-Haupt is on the 
staff of The New York Times. 

. ; : ' '‘I. 

we let a bunch of 

World Trade Organization bureaucrats 

•v’ ; 

v *.’Lk*'jCT : 


Are those faceless 
bureaucrats nobody 
elected to run the 
secretive World Trade 
Organization so eager 
to promote global 
commercialism that 
they have taken it upon 
themselves to overrule 
the American voter 
and erase a key U.S. 
environmental law? 

Never before 
has the United States 
allowed an outside 
power to dictate its 
statutes. Never before 
bave we suspended 
our sovereignty to 
appease something so 
shadowy as a W.T.O. 

"dispute panel" closed 

to all public input and devoid of any 


Whats at stake? Whether America 
and other countries are allowed to set the 
standard for the way imports are produced. 
In this case, its shrimp caught in nets 
which needlessly kill an estimated 150.000 
endangered sea turtles each year — slaughter 
avoided if the nets are equipped with simple, 
cheap "turtle excluder" devices mandated 
by federal law. 

^ s < i 
— X s > 

Will a foreign trade panel 
decide to overturn U.S. law 
and condemn endangered 
species to extinction? 


Unwilling to 
equip their nets, some 
countries claim the 
U.S. Endangered 
Species Act is an 
illegal “trade barrier'’ 
and want the Act 
suspended. One 
of the nations 
Pakistan, is better 
known for exploiting 
child labor than for 
shrimp exports. 
Perhaps it’s testing 
the W.T.O. to see if 
our child labor Laws 
are also "unfair." 

Why should 
continue to support 

an institution that threatens democratic 
values and environmental protection? 
Aren’t these more important than the 
pursuit of international trade? 

The people of the earth have the right 
to set the highest standard. 

Only shrimp anti prawn,’ 
u ilb l but nutrk Jrtr certified 
Turtle-Safe r *. Look far it 
where you dine or shop. 


Protest now — in L'.S.A. call l-800-8o9‘SAY £ — or 
reach us via or address below 


do Earth Island Institute 200 Broadway, Suite 2S. San Francisco. CA 9-1133 Fax: A 16A488-0572 


PAGE 10 



Blair Picks Pragmatism 
In Debate on Jobs Plan 

British Leader Allies Himself With Kohl 

By John VLnocur 

International Herald Tribune 

AMSTERDAM — Hoe was a British 
official talking to a couple of hundred 
reporters about Prime Minister Tony 
Blair’s morning at die European Union 
summit meeting, and here was the same 
British official volunteering, not at all in 
response to a question, that his boss 
shared the same line as Chancellor 
Helmut Kohl on refusing to put new 
community money into make-work pro- 

In a ritual where the rules say spokes- 
men stick to characterizing the positions 

of their employers, and don't give away 
who backed whom, this was mildly un- 
usual stuff. 

But its effect was exceptionally 
straightforward, making clear that the 
new Labour prime minister sided with 
Germany’s Christian Democratic chan- 
cellor on bow European Monetary Un- 
ion was to be brought forward into the 
new century. Alter a week or two of 
chatter about emerging leftist control of 
leadership in Europe, and the attempt of 
the new French Socialist government to 
write publicly financed job programs 
into the budget stability pact that EU 
leaders endorsed Monday, Mr. Blair 
signaled he was not going to carry the 
burden of Social Democratic unity at the 
expense of bis own convictions and cam- 
paign promises. 

The man who some editorialists had 
said might be a bridge between left and 
right, stressing his own comfort with 
both socialism’s humanist vocabulary 
and the cash judgments of the market- 
place, picked pragmatism instead. 

The same British official, whose 
nam e was nor used under the rules of the 
briefing, said Mr. Blair had talked with 
President Jacques Chirac and Prime 
Minister of Lionel Jospin of France be- 
fore the first summit session at offices of 
die Netherlands central bank. 

A British reporter asked if Mr. Jospin 
was disappointed and Mr. Chirac re- 
lieved by the prime minister's support of 
the chancellor. There was no immediate 
answer, but the official said later that 
some members of die British press were 

“trying to suggest there is some great 
divide between Mr. Blair and Mr. 
Jospin." This, he insisted, was not die 

But he left no room to suppose there 
was much in common either. The of- 
ficial repeated Mr. Blair's preference for 
flexible labor markets, welfare reform 
and employability as the keys to creating 
jobs, and not “schemes that may sound 
fine but may end up being wasteful." 
Mr. Blair was pleased that jobs were 
high on the EU’s agenda now. and he 
found that die emphasis among the lead- 
ers here on flexibility in the job market 
and competitiveness boded well for die 
future, the official said. 

He quoted Mr. Blair directly as telling 
the other chiefs of state and government 
that “the EU’s rote in employment is to 
encourage exchange of ideas, and best 
practice not to launch major new spend- 
ing programs.” 

The prime minister was also de- 
scribed as insisting that Europe must 
acknowledge that the primary respon- 
sibility for employment remains with the 
member states, as laid out in the EU's 

Although Britain is not a candidate for 
the single money, the euro, at this time, 
Mr. Blair cast himself again on the side 
of Mr. Kohl and his allies as favoring 
right interpretation of the criteria for 
creating the currency. He was said to 
have expressed determination that there 
should be no “fiddling" or “fudging" 
of the deficit ratio numbers in arriving at 
the euro. 

Of all the reasons for Mr. Blair's sharp 
line against easing the terms of the sta- 
bility pact, the most certain is that it best 
suits the wait-and-see attitude on die 
single currency his party has adopted. 
With an unemployment rate of about 
half that of France or Germany, Mr. 
Blair is under little pressure to find new 
plans for job creation at home, and un- 
willing to be cast as a prime minister 
who would play lightly with Europe’s 

Manuel Vais, Mr. Jospin’s spokes- 
man, was asked how he regarded Mr. 
Blair’s alignment in Amsterdam. “Lo- 
gical." he replied. 


Mr. Blair, left, talking with Prime Minister Lionel Jospin, center, and President Jacques Chirac of France on 
Monday in Amsterdam. Mr. Blair declined to back Mr. Jospin's bid to get the EU to finance new job programs. 

ACCORD: Compromise on Stability Pact 

Continued from Page 1 

olution was “a little timid." Finance 
Minister Dominique Strauss- Kahn said, 
but it marked “a first step toward the 
creation of an economic pole" that will 
stand alongside the future European 
Central Bank and give greater priority to 
growth and employment 

That seed for a political counterweight 
to the central bank appeared to guarantee 
a continued French-German struggle 
over the contours of monetary union. 
They are likely to disagree over whether 
to interpret the Maastricht deficit and debt 
criteria flexibly and whether to include 
Italy from the outset Those issues were 
not discussed Monday, but Mr. Strauss- 
Kahn made clear that Paris would press 
those points in die months ahead. 

“We continue to think that the euro 
should be able to include the Spaniards 
and the Italians from the start" he said. 

The agreement brought relief to EU 
leaders, who were jolted a week earlier 
when the French government first cast 
doubt on whether it would endorse the 
stability pact, which had been agreed in 
principle six months earlier by President 
Jacques Chirac and France’s then-Con- 
servative government 

In addition to keeping monetary onion 
on track, it cleared die decks to proceed 
with final negotiations on a new EU 
governing treaty that the leaders hope to 
endorse Tuesday. The treaty, which will 
include new commitments for common 
EU policies on border controls and im- 
migration policies, enhanced coopera- 
tion on foreign policy and a streamlining 
of the Union's governing bodies, is in- 
tended to prepare the bloc to begin mem- 
bership negotiations with Central and 
Eastern European countries. 

The treaty also will contain a new 
chapter on employment calling for in- 
creased policy coordination. 

The limi ts of the employment initi- 
atives were evident in the phrasing. The 
employment resolution, tor example, 
while invoking the principles of inclusion 
and solidarity, mostly emphasized the 
tree-market principles of competitiveness 
and labor-market flexibility touted by the 
British prime minister. Tony Blair. 

One British official suggested that the 
resolution could contain more trouble 
than comfort for Mr. Jospin. “It means 
that countries which have labor markets 
that don't create jobs will be under a 
spotlight," he said. 

Separately. Mr. Waigel canceled his 

2d EU Referendum 
Likely in Denmark 


AMSTERDAM — Denmark, 
whose voters initially rejected the 
Maastricht treaty in 1992, must al- 
most certainly hold a new refer- 
endum on the outcome of EU re- 
form talks, the minister of economic 
affairs, Marianne Jelved, said Mon- 

Ms. Jelved. participating at the 
two-day summit meeting of Euro- 
pean Union leaders in Amsterdam 
said it was a “99 percent" prob- 
ability that Denmark would need to 
bold such a public vote. 

“But we have to wait to see the 
final text." she said, referring to the 
revised treaty that is being nego- 
tiated by EU leaders. Ms. Jelved 
added that such a referendum could 
be held next February or March. 

attendance at the Group of Seven summit 
meeting in Denver this week to be able to 
participate in the ongoing discussions 
about the 1997 and 1998 budget, a min- 
istry spokesman said Monday. 

JAPAN: Adept at Imitating , Nation Turns to Heavy Investment to Close Innovation Gap 

Continued from Page 1 

“Because it is hard to introduce out- 
spoken opinions into Japanese society, 
it is hard to spawn creative ideas," said 
Mr. inamori, an advocate of greater 
spending on basic research. 

Japan’s trade statistics offer the best 
indication of the size of its technology 

Although Japan boasts a perennial 
surplus in its trade in manufactured 
goods- with the rest of the world, it 
consistently posts a deficit in earnings 
from royalties and license fees for pat- 
ented technologies. 

According to Finance Ministry data, 
Japan had a deficit of 48 billion yen 
($420 million) in such trade in the year 
that ended March 31, a 10 percent in- 
crease from the year before. 

According to these statistics, Japa- 
nese companies earned 56 billion yen in 
royalty payments and license fees, the 
bulk of it from companies based in 
Japan’s less developed Asian neigh- 
bors. By contrast. Japanese companies 
paid 104 billion yen in royalties and 
license fees, with the largest portion of 
that going to U.S. companies that led the 
way in fields such as telecommunica- 
tions and medicine. 

Partly to reduce that deficit but 
largely to cut its dependence on foreign 
technology, Japan has earmarked nearly 
$150 billion to spur the development of 
more home-grown technology between 
1995 and 2000. Scientists nationwide 
are benefiting from bigger research 
grants and new laboratories. But many 
caution that politicians should not ex- 
pect a wave of scientific breakthroughs 

“For me, the government’s new 
policy is a big plus." said Fumio Hara, a 
professor at Tokyo University of Sci- 
ence who specializes in advanced ro- 

Until last year, Mr. Hara worked in a 
cramped and dirty laboratory on cam- 
pus to develop a robot he hopes can 
supersede the computer keyboard. But a 
grant that is part of Japan’s latest spend- 
ing spree has enabled him to move into 
a spacious new laboratory nearby, 
which is helping speed up his research. 

“The government is committed to 
funding more scientific research until 
2000." he said. 

“After that. I'm not sure what will 
happen. But it's going to take a long 
time before scientists here come up with 
any tangible results to show for all the 
extra spending.” 

At the same time, in areas such as 
social welfare, finance and manage- 
ment, Japan shows no signs of halting 
its search for foreign solutions to its 
domestic dilemmas. 

In recent years, Japanese officials and 
companies have retied on Western ideas 
to deal with problems including these: 

• Homelessness. To combat an in- 
crease in homelessness, Tokyo city of- 
ficials recently visited New York to 
study how it coped with the estimated 
100, (XX) people sleeping in shelters 

The officials learned that large, long- 
stay shelters were riddled with violence 
and drug abuse and that small, short- 
stay shelters were more effective. 
Tokyo plans to build five such shelters 
to help the city’s estimated 10.000 
homeless people find work and homes. 

• High labor costs. Japanese exec- 
utives have fanned out worldwide in the 
past three years to look for ideas about 
now to revamp Japan’s costly seniority- 
based pay system. Under that system, 
employees of the same age receive 
nearly identical salaries, irrespective of 
ability or performance. Now. many 
companies are introducing Western- 
style merit-based pay programs. These 
cut payroll costs snaiply because there 

are always more mediocre than out- 
standing employees, their proponents 

• Disappearing factory jobs. To off- 
set a decline in jobs in the manufac- 
turing sector, government officials stud- 
ied American job-creation policies. The 
Ministry of International Trade and In- 
dustry has published a 50-page hand- 
book listing recent U.S.-style initiatives 
and aimed at encouraging people to 8 tan 
their own businesses and create jobs. 

• Antiquated financial markets. To 
make Tokyo’s financial markets as 
competitive as those of London and 
New York, Japanese authorities have 
announced they will tear down reg- 
ulations that stifle competition by 2001. 
The reforms, which will remove bar- 
riers protecting Japan's banks, stock- 
brokerages and insurance companies, 
are based on London's 1986 “Big 
Bang" moves to cut market regula- 

“It is a good thing to emulate oth- 
ers," Eisuke Sakakibara. director-gen- 
eral of the International Finance Bureau 
at the Ministry of Finance, said. “What 
we see as the merits of, say, the Amer- 
ican economy and American society, 
we should learn from, and we have been 
good at that” 


West Bank Proposal 

Continued from Page 1 

begin work on a new Jewish neighbor- 
hood. said the leaks about the proposal 
are further evidence that Mr. Netanyahu 
means to impose unacceptable terms. 

“Wehave heard about this plan only hi 
the newspaper." the chief Palestinian ne- 
bother telling us? The real negotiations 
taking place within his own coalition, and 
with us he feds he can dictate." 

Under interim agreements negotiate 
by Mr. Netanyahu^ Labor predecessor 
with the Palestinian leader, Yasser Ara- 
fat, the West Bank is now divided into 
three kinds of traiitoxy. 

In six Palestinian cities and most of a 
seventh — 3 percent of the West Bank’s 
territory and 29 percent of its Arab pop- 
ulation — the Israeli Army is gone. A 
tittle more than 24 percent of the ter- 
ritory — containing 67 percent of the 
Arab population — is a mixture of Israeli 
military and Palestinian civil rule. The 
largest part of the West Bank — - a IfttH; 
more than 72 percent of the territory but 
only 4 percent of the Arab population —^ 
is entirely in Israel’s hands. > 

Israel promised to hand three addi- 
tional chunks of the West Bank to the 
Palestinian Authority, but Mr. Netan- 
yahu has halted those transfers as pari of 
his dispute with Mr. Arafat. 

An army map of Israeli security in- 
terests in the West Bank, said by Net- 
anyahu aides to be the basis for the 
intended proposal, was examined re* 
cently by The Washington Post. 

The army map begins with the stra- 
tegic Jordan Valley as a barrier against 
attack from the east. On the other side of 
the West Bank, at Israel’s pre-1967 bor- 
der, the army has drawn in a north-south 
“seam strip" of varying width, thickest 
in the northern West Bank to incorporate 
heavy Jewish settlement there and the 
Yarkon-Taninim aquifer. 

Additional Israeli interests, on the 
army map, include four east-west “stra- 
tegic axes" enabling the movement of 
heavy equipment between Israel and the 
Jordan valley: the settlements and their 
surroundings; a broad “defense zone" 
around Jerusalem and nearby Jewish set- 
tlements; high ground on the Samarian. 
hills for intelligence and air defense em- 
placements, and “lifelines" of traffic, 
electricity and water pipes. 

■ Violence in Hebron and Gaza 

Israeli soldiers shot and wounded at 
least 38 Palestinians Monday in the third 
day of clashes with stone-throwing 
Arabs in the divided West Bank town of 
Hebron, Reuters reported, quoting wit- 
nesses and hospital officials. 

In Gaza. Jewish settlers were reported 
to have shot and wounded a Palestinian 
youth and fired at least three bullets at 
journalists during a dash over land that 
Arabs said had recently been fenced off 
and annexed to a settlement. 

Hie violence underscored rising ten= 
sioos over the three-month deadlock in 
peace efforts and what Palestinians-view 
as an Israeli drive to expand Jewish 
settlements in the West Bank and Ga^ 
za. 2 

■ LLS. Policy in Mideast Criticized 

A prestigious foreign policy grouQ 
urged the United States on Monday to 
abandon its “incremental" approach ttv 
ward Mideast peace and undertake & 
major initiative aimed at a final set- 
tlement with a Palestinian state. Thj 
Associated Press reported from Wash* 
ington. v 

In a report, a panel commissioned bj 
the Council on Foreign Relations corn 
eluded that “incremental ’confidence* 
building' measures no longer work." , 

“The time has now come for the 
parties to define a framework for final?, 
status issues.” the panel said, adding 
that “a Palestinian state, however con- 
strained in its sovereignty, is an essential 
component of such a framework.” • * 

BARONS: Leader Quietly Wrests Bits of Moscow's Waning Power 

Continued from Page 1 

Mr. Shaimiev rules Tatarstan with for- 
midable authority. “It is the total power 
of a monarch,” said Ivan Grachev, who 
heads a Tatar opposition bloc and serves 
in the Russian Parliament. 

Yelena Chemobrovkina, political ed- 
itor of the independent newspaper Vec- 
hemaya Kazan, said. “He holds the 
whole republic in his hands and leads it 
where he wants iL" 

Mr. Shaimiev has so dominated the 
political scene that he ran unopposed for 
president last year, winning 97-5 percent 
of the vote. 

After the Soviet collapse, Mr. Shai- 
miev wrested considerable autonomy 
from Moscow without going to war. He 
negotiated an unprecedented power- 
sharing treaty with the Kremlin, signed 
in 199&. which allows Tatarstan to keep 
much of its tax revenues and earnings 
from oil wealth. 

Tatarstan flies its own flag, sells its 
own weapons abroad, has opened its 
own foreign trade offices and follows its 
own economic policy. But it has no 
separate army, currency or postage 
stamps. These are all Russian. 

“Tatarstan has become master of all 
our riches,” Mr. Shaimiev said in an 
interview in Kazan, the capital. 

While the breakaway republic of 
Chechnya fought a war against Russia 
for independence. Mr. Shaimiev took a 
more pragmatic route. He bargained for 
tax breaks, but not full independence. 

To demand a complete break with 
Russia, Mr. Shaimiev said, would have 
led to war. “And 1 am afraid it could be 
a war without any results." he added, 
noting that after the conflict in 
Chechnya, which claimed more than 
40,000 lives, no country recognized 
Chechnya’s independence. 

But the Tatar treaty with Moscow 
unleashed a profound change inside 
Russia, triggering similar demands from 
other regions. At first, the Kremlin re- 
fused. But now. 24 of the 89 republics or 

regions have negotiated power-sharing 

Although the prospect of violent se- 
cession has dimmed with the Chechen 
peace agreement, some observers think 
the sinews of the Russian Federation are 
degenerating. In the worst case, a break- 
up could have frightening repercussions, 
especially if it came with a violent shud- 
der that triggered wars. 

But others see this as less likely than a 
gradual erosion of central authority. 
And still others say that the Tatarstan 
model is a temporary device to prevent a 
more disorderly and dangerous unrav- 

“The centrifugal force is too great 
with these treaties," Mr. Grachev said. 
“If Russia wants to be preserved, it will 
be compelled to end these treaties one by 
one. Gradually, these treaties will be 

But. he acknowledged, "The treaty 
with Tatarstan can’t be quickly un- 

When President Boris Yeltsin visited 
Kazan in August 1990. he urged the 
republics 10 grab "all the sovereignty 

you can swallow." The words haunt him 

Mr. Shaimiev, then a regional party 
leader, took Mr. Yeltsin literally. He 
harnessed rising Talar nationalism — 
critics say he instigated it — and used it 
to survive the era’s upheavals. 

Not long after Mr. Yeltsin's visit to 
Kazan, Tatarstan began to pull away 
from Russia, with the Tatar Supreme 
Soviet issuing a declaration of sover- 
eignty. Then, in 1992. Tatarstan’s voters 
overwhelmingly approved a referendum 
on sovereignty, over Moscow’s protests. 
By year's end, a new Tatar constitution 
was approved. 

The 1994 treaty with Moscow gave 
Tatarstan extensive responsibility. While 
Russia kept control of the military fac- 
tories and higher education and agreed to 
pay for half of the police costs, Tatarstan 
got virtually everything else, including 
the lucrative oil and petrochemical in- 
dustries. the sole right to collect taxes and 
control of key appointments. 

At its peak in 1991, the Kamaz truck 
factory churned out 130.000 tracks a 
year. This year, the break-even target is 

TURKEY: Erbakan Planning to Resign 


23.500. No one knows whether Mr. Shai- 
miev will have more success than others 
who have watched the plant sink into 
debt, but Moscow has clearly lost interest 
leaving the fate of Kamaz to Tatarstan. 

“Russia did not need us, but Tatarstan 
needed us,” said Ivan Kostin, the com- 
pany’s new general director. “The last 
time when Shaimiev asked me, not long 
ago, if I believed it is possible to get 
Kamaz out of the fix which it is in now, 
I said ‘Yes — together with you!’ " 

IRA: London Suspends Talks With Sinn Fein After 2 Killings 

Continued from Page 1 

according to initial reports — appeared 
and fled quickly. The IRA took respon- 
sibility shortly thereafter in a call to a 
local radio station. 

The assassinations were the most se- 
rious acts of violence by the IRA since 
Mr. Blair tried to bring some movement 
to the stalled Northern Ireland multi- 
party peace talks by lifting a ban on 
official contact with Sinn Fein, the polit- 
ical party led by Gerry Adams. Two 
meetings had taken place and a third — 
canceled Monday after the shootings — 
had been scheduled for this week. 

The purpose of the meetings, accord- 
ing to British officials, was to make yet 

another attempt to get the IRA to reinstate 
the cease-fire agreement it abandoned in 
February 1996. That would have opened 
the way for admission of Sinn Fein to the 
peace talks. Participation in the talks is 
currently open only to political groups 
committed to nonviolence. 

The IRA actions, Mr. Blair said Mon- 
day from Amsterdam, “defy normal un- 

“Ft is difficult to interpret this latest 
attack," he said, “as anything but a 
signal that Sinn Fein and the IRA are not 
interested in peace and democracy and 
prefer violence. There is obviously no 
question of a further meeting with Sinn 
Fein in these circumstances.” 

In Northern Ireland parlance, “Na- 

tionalists" favor an end to British rule, 
while “Unionists" and “loyalists,’’ 
representing the majority Protestants, 
want to remain part of the United King- 
dom. Both groups include terrorist or- 
ganizations such as the IRA, as well as 
democratic political parties. 

Some 300 police officers have been 
killed during Northern Ireland's sectari- 
an “troubles” over the past 30 years. 
Recently, die overwhelmingly Protest- 
ant police force has found itself targeted 
by Protestant loyalists as well as Cath- 
olic paramilitary groups, in part because 
it carried out orders last summer and this 
spring to stop some Protestant tradi- 
tionalists from marching through Cath- 
olic neighborhoods. 

Continued from Page 1 

critics of Drying to overrule the will of the 
voters. His Welfare party finished first in 
the 1995 election, taking slightly more 
than 21 percent of the votes. 

Mr. Erbakan did not directly criticize 
the military, but be took strong excep- 
tion to the view that the military was 
responsible for defending Turkey’s 
political system as well its territory. He 
said the cabinet, not the military-dom- 
inated National Security Council, “is 
the body that carries the real respon- 

In an interview last week, Turkey’s 
deputy chief of staff. General Cevik Bir, 
asserted that the military here has a 
broader legal mandate than the Amer- 
ican or British military. On Monday, Mr. 
Erbakan rejected that view. 

“There is democracy in this coun- 
try,’’ he said. “The situation here is the 
same as it is in the United States. B ritain . 
Germany and all democratic countries. 
In these countries, the military cannot 
decide anything by itself." 

Apparently responding to military de- 
mands that he curb Muslim organiza- 
tions and restrict religious education, 
Mr. Erbakan said: “We would like to 
have freedom of thought, freedom of 
expression, freedom of education, free- 
dom of association. Certain ideas have 
been put forth suggesting that these 
freedoms be restricted. We think this is a 
step backward, not forward.” 

A federal prosecutor has begun pro- 
ceedings to ban the Welfare paly, and 
Mr. Erbakan said Monday mat “in a 
democracy there is not and cannot be 
such a thing as closing parties." 

"Parties are there to represent the 
people," he said. “You cannot order a 
large part of the people not to exist. You 
cannot take away their rights." 

Mr. Erbakan predicted that in new 
elections, which he hopes will be held in 
October, his party would win 10 million 
votes. That would be a huge increase 
from the 6 million it won in 1995 and 

might give him enough seats in Pap 
liament to form a government without a 
coalition partner. Military commanders 
have signaled that they will not tolerate- 
such a government. 

“The military will never allow 
Erbakan to govern on his own," a for- 
eign ambassador said last week. “They 
would stage a coup to prevent iL It might 
be a ‘soft coup’ rather than an explicit 
takeover, but they will do whatever is 
necessary. They think he is a dangerous 
subversive and will never trust him." . ■ 
One of Mr. Erbakan's senior aides^ 
Minister of State Abdul lah Gul, said that 
generals and other critics of the gov- 
ernment “don’t trust the people." 

“They don’t have enough informa- 
tion,” Mr. Gul said. “Some of them 
think we are really a threat to this coutt 
try. Maybe they are sincere in this fear, 
but it is notcorrecL" 

Asked how Mr. Erbakan, who at his 
news conference claimed to lead a party 
with “clean hands," could have formed 
a government with Mrs. Ciller, Mr. Gul 
replied: “We were forced to do this.” 

He expressed irritation that attacks oh 
Mrs. Ciller’s alleged corruption have 
faded as the assault on the government’s 
supposed drift toward fundamentalism 
has intensified. -I 

“You can be corrupt in this country; 
this can be forgiven,” he said. “You cad 
make crime in this country, you are 
forgiven. But for some people, if you are 
a good Muslim you are not forgiven, y™? 
are not acceptable." '£ 

■ Police Headquarters Bombed 

Two assailants fired an anti-tanfc 
rocket at the main police headquarters in 
Istanbul on Monday, and two officers 
were slightly wounded by flying 
news agencies reported. ? 

The far-left Revolutionary People’s 
Salvation Party Front took responsibility, 
for the attack. The front, an urban ter- 
rorist group, has been responsible for the 
killings of businessmen and for other 
bombing attacks. ( Reuters , AP * 





. •_ -T,- f ” 

• O'*- ^ 

;V t 1 



. . 3 

" . 

I ««;-«« 


•-*.*'* -v-v V 



, _-T" •. : 

'■■■*■* **■£■*■■ 

- ” * ", / 
V ■- hj'us.* ■ 

■■■ if-- -t. • k 


fSiUK, . ' 


International Herald Tribune 

A Special Report 

PAGE 11 


ill U. 


i Llmm 4 tr^r ch> 
n w 1 * 




-c. rrr.\ sr 

it^ 4.mi>r-S,rrr -■•' £•?.’ 

lijnt J^nir-.;|1(T 

Boeing Co. s new 737-700 airliner, left, is competing at the Paris Air Show with the Airbus A319, center. Russia hopes to attract buyers with its Ilyushin 11-96 freighter, displaying its unusual forward viewing cmnpartnn'ni . 

Strong Demand for Regional Jets Helps Fuel a Booming Civilian Market 

t f*ET7-.- 5i rrij; 

m# « 

tv gErcxra pi =2 

**» Bi r iii- i; 

». si 

#al U 's-:--- r.r7 

EV'ftiUttr •— r-*-r b 

’ ivt 

By Barry James 

• c i; 

*»yr •» ay* 

: ! 4ir 

i Jlljl, 

P ARIS — The 42d Paris Air 
Show reflects an upturn in mar- 
kets for civilian jetliners and in- 
tense competition for the em- 
battled military sector as defense 
budgets are trimmed in many coun- 

* Competition among manufacturers 
of fegkWl airliners emerged as a key 
theme on Monday. 

• With airlioes buying planes at the rate 
ef more than $1,500 a second, there are 
few parts of the world that are not at- 
tracted to a market worth an estimated 
$1 trillion for large passenger jets alone 
in the next 20 years. 

The show has attracted about 1,760 
exhibitors, and about 220 aircraft and 
helicopters are on display at Le Bourget 
airport just north of Paris. 

• Brazil and Moldova have their own 
national pavilions for the first time, and 
exhibitors from Lithuania. Thailand and 
South Korea are making their debut at 
(he world's oldest air show. After an 
absence, Australia is back with its own 
pavifion, including exhibits from New 
Zealand. More British companies are 

exhibiting than ever before. 

China bas doubled its exhibition 
space since the last Paris show two years 
ago, reflecting its importance as one of 
the world’s hottest aerospace markets. 
China has made it clear that ir wants to 
set np partnerships and joint ventures 
with Western companies, rather than 
being a passive market 

The European Airbus Industrie con- 
sortium is one of die most active players 
in the Chinese market Last month it 
sold 30 aircraft in the A320 family, 
bringing the total to 60. But at the same 
time, it has set up a parts warehouse and 
training center in China, and officials 
said that by next year it will have 200 
employees in China, as many as in the 
United States. 

At the same time. Airbus is the prin- 
cipal partner in a $2 billion project to 
build the 95-to-125 seat range of AE 
regional jets. Chinese manufacturers 
already produce parts for the Airbus 
A3 20 range and are expected to be in- 
volved in the Airbus A3XX superjumbo 
project, a 550-seat, long-range airliner. 

The superpowers of die aircraft man- 
ufacturing industry, the Boeing Co. and 
Airbus Industrie, agree that the world’s 
airlines will buy some 16,000 aircraft in 

the next few years, but they do not agree 
on how the pie will be sliced. Ron 
Woodard, president of Boeing’s aircraft 
group, summed up his objective at the 
Fam boro ugh show last year: “1 wont 
my two thirds," he said. 

Airbus, which now has about one 
third of the market, says it is determined 
to capture half. 

The struggle between Boeing and 
Airbus was the most visible aspect of 
the rivalry between the United States 
and Europe in virtually every sector of 
the aerospace industry, including jet 
fighters, helicopters and missiles. 

More than 400 U.S. companies have 
set up shop at the air show, the largest 
American contingent in its history. 
Opening the U.S. pavilion, Donald 
Bandler, die U.S. chajg£ d’affaires, re- 
jected European accusations of Amer- 
ican hegemony, saying. "Our view is 
that a rising tide raises all the ships." 

The air show coincides with a tec- 
tonic shift in the aerospace industry, 
with Boeing's proposed takeover of 
McDonnell Douglas Com. 

Ibis will probably be the last air show 
forMDD, whose F-16ffghter is still one 
of the biggest attractions at the show, 22 
years after its introduction. But the 

Burbank, California, company was go- 
ing out with a splash. It continued to rent 
a lavish pavilion and even hired a di- 
rigible to float over the show grounds. 

Another area where rivalry is fierce is 
the market for commuter and regional 
aircraft in the 15-to-90 seal range. Re- 
gional airlines have produced some of 
die most spectacular growth in the in- 
dustry — up 20 percent in 1 996 in North 
America and 13 percent in Europe. 
Around the world, the average growth in 
regional traffic last year was 12 percent, 
compared with 5 percent in the airline 
industry as a whole. 

B ombardier inc. of Canada 
forecasts that the market until 
2015 will require 8,157 air- 
craft worth $110 billion, a 
slightly higher estimate than the 7,500 
predicted by Europe's Aero Internation- 
al (Regional.) consortium. 

Al the air show. Bombardier is pitch- 
ing its De Havilland Dash-8 T urboprop, 
and a 50-seat Canadair Regional Jet- 
Bombardier also announced that it will 
build a 70-seat version of the regional 
jet by the end of the decade, but AI(R) 
on Monday put off a decision whether it, 
too, would build a 70-seat jet 

"Clearly we have yet to convince our 
shareholders," said Patrick Gavin, pres- 
ident of the group. AI(R) is owned by 
Aerospatiale of France, Alenia SpA of 
Italy and British Aerospace. 

Bombardier’s decision to go ahead 
with the 70-seat jet is a gamble that the 
plane will find a market on routes that 
cannot justify the use of larger aircraft 
such as the Airbus A320 series or the 
Boeing 737. But it might compete with 
the AE regional jet that Airbus is build- 
ing with China. Mauricio Bothelo. Em- 
braer’s chief executive, said he was 
concerned that the market wasn't big 
enough for a 70-seat jet and might talk 
with rivals about a joint venture. 

The regional sector is a risky busi- 
ness, as the demise last year of the Dutch 
Fokker group showed. Other contest- 
ants in the market include the Swedish 
Saab group, Germany’s Doraier and 
Embraer or Brazil. Bombardier and Em- 
hraer were reported Monday to be hop- 
ing for a large order from American 
Airlines to be announced here. 

Although jets are expected to be the 
fastest growing segment of the regional 
market, industry executives said they 

with the regional jets." said Jean Michel 
Leonard. AKRFs U.S. president. "But 
we see the worldwide turboprop fleet 
remaining the same, or it may even see 
slight growth, which will lead to a siz- 
able replacement market. 

Rolls-Royce PLC. which had an em- 
barrassing setback in Asia with its 
Trent-800 engine for the Airbus A320, 
had better news to deliver at the air 
show. It announced Monday that it is 
increasing deliveries of civil jet engines 
by 50 percent this year and would boost 
production a further 15 percent next 
year. “We don't see a drop-off any time 
soon," said John Cheffins. managing 
director of the company's commercial 
aircraft engines unit. 

Despite consolidation in the aircraft 
industry, Colin Green, managing direc- 
tor of Rolls-Royce Aerospace, said 
there would continue to be a market for 
three major manufacturers, along with 
General Electric and Pratt & Whitney. 

He said the oil-feed problem that 
forced Cathay Pacific and Dragon Air- 
lines to ground their A 330 planes briefly 
had been identified and solved. 

see a continuing demand for turboprops. 
* ‘We believe most of the grow* will be 

BARRY JAMES is on the staff of the 
International Herald Tribune. 

■ ■ - M 

'•r L-ton 

MISSION: (drear oar mors understand each other, anprcciate each others goals and work to assure long-term success. They also recognize tout success depends on establishing 
strong bonds, shared vision and mutual respect. At Lockheed Martin, we keep these principles in mind because solid partnerships are essential to success in the world marketplace. 



L*,; - 

El S [hfhakutt Plain linn 


(tit-nip: 1 

'A pA : -'v*4L 

is-?V -c f ■ 

--k <: 

nyA.e, • 

^pl I n'l iit f fcriTTUi'i - t-f* 

"7* 4 ’ 


: 4 V • 

d: • v ■%. 

' g -A \ 
" = - • 

•? A*., t v . ' -ee 

*>. _ -M- ’■ 


■ m’ff 



v I A 5 ^aset'K % V v.I ^ • - 
* Jftafcwy. 'Isfhl' **** ■* 
iii/ iJ rSS t r 

. 7 i ~i r 

! - 

i - w 


•< ' 

in * x ~ ' 

ft fWitr 

. vyS-V:::: 


1 4 

,.K nami; exchange oi’ ideas, duih and reclmoiogies. Our advanced meimologics ijnvran. space systems, telecommunications, 

SUCCESS" 1 lived Marlins v.orkiwule aihances are a aiiu — — " f— • — r — v 

.. . 4 rii vV i .> !U j NA'i'O sramlards d' -in. I i-i 30. I : PS-I i “ t.-dar)' oiler our partners opportunities n> prosper, built on a history ot telationships that's 

.. d- 

jyrjif~— T f TF *W 

^3$^ vk “ 




PAGE 12 



Lockheed Martin plans to upgrade its Russian-built 
Proton launch vehicle, above, as well as its Atlas model. 

bre mji j-<3 

■J 334 

\ :j3v- -5& ■ 83' i'4 2§Sv: • 

Sr- -v 

'wy23HC?56or= E Dk 

Old Navitimer 



T..-L: 4J ?2 , i?54 34 54 
F.u.: 41 52 / ii54 54 l>l 


U.S. Companies Challenge Dominance of Arianespacd * 





smooth I 

By Joseph Fitchett 

P ARIS — Over the 
next decade, the com- 
mercial space market 
could double, top- 
$35 billion compared 
the industry’s total of 
$18 billion between 1987 and 
1996, analysts say. Some 
companies are even more 
bullish: Lockheed Martin 
foresees the market doubling 
to $60 billion by 2000. 
Despite the industry’s 
trajectory, the launch 
business is the scene of in- 
tensifying competition. The 
world leader in the field, 
Arianespace, the European 
consortium, faces turbulence 
as new players proliferate 
and some of them consolidate 
their positions, notably Lock- 
heed Martin. 

The most aggressive chal- 
lenge for Arianespace comes 
from Lockheed Martin, 
which recently reclaimed 
Loral, a victim of escalating 
competition. Building on its 
U.S. core strength, Lockheed 
Martin has blazed the trail 
into Russia seeking to cap- 
italize on the rocket science 
of the former Soviet space 
industry. Lockheed Martin’s 
investment has already start- 
ed to pay off: the Russian- 
designed RD-180 engine, 
now to be built in the United 
Stares, is a key feature of 
Lockheed Martin's entry in 
the competition for the 
Evolved Expendable Launch 
Vehicle — a U.S. govern- 
ment contract worth £5 bil- 
lion to be awarded in two 

Lockheed Marlin is one of 
two finalists for the new 
launch vehicle that will re- 
place all the existing military 
and civil launchers. That gov- 
ernment-funded rocket can 
be expected to turn up 
promptly in the commercial 
market, one of the first major 
examples of the open cross- 
fertilization between military 
and commercial develop- 
ment in the U.S. aerospace 

The other finalist is the 
company that over the years 
has probably profited most 
from the dual use of military 
and civilian aerospace tech- 
nology: Boeing, which now 
incorporates McDonnell 
Douglas and Rockwell Boe- 

ing has an ambitious but still 
unproven space product in its 
Sea Launch company, which 
will position a launch-pad on 
a barge on the Equator for 
optimal lift Other compet- 
itive pressure in the launch 
business is also coming from 
Piling a nd Japan. 

The commercial battle 
turns increasingly on cost. 
Arianespace bad announced 
a belt-tightening program 
when administrative and 
political changes raised new 
questions about the immedi- 
ate outlook for the French-led 

One uncertainty is the ap- 
proach that will be adopted 
next month under 
Arianespace’ s new boss, 

Jean-Marie Luton, the former 
director-general of the Euro- 
pean Space Agency. Another 
key question concerns the pri- 
orities of the new Socialist-led 
government During his elec- 
tion campaign, Lionel Jospin, 
the new prime minister, said 
that jobs were more important 
than industrial efficiency. 

Before these two uncer- 
tainties appeared, 

Arianespace had been expec- 
ted at least to maintain its 
level of sales, even if its mar- 
ket share shrank as forecast 
from 50 percent to 21 per- 
cent according to Eurocon- 
sult the Paris-based market 
survey about space services. 
In other words, worldwide 
orders for space-based com- 
munications were expected 
to keep Arianespace on an 
even keel even if its profits 
were uneven, with U.S. man- 
ufacturers widening their 

Although Western Europe 
is a dynamic market espe- 
cially for satellite television, 
total space sales there cur- 
rently run about $4 billion a 
year. In the United States, 
sales are four times that fig- 
ure, partly due to the $10 bil- 
lion a year spent in govern- 
ment contracts. 

The current buying surge 
looks cyclical to some ana- 
lysts, notably Euroconsult It 
foresees demand turning 
down after 2000. 

In contrast, Lockheed 
Martin contends that new 
technological will boost the 
market by bringing in more 
customers as costs decline. It 
predicts that the cost of satel- 
lite transmissions could drop 

to a tenth of their current 
levels over the next decade 
and thereby increase de- 
mand strong enough to re- 
quire 450 satellites in high 
orbit instead of the current 
in-orbit population of 200 

Hie most important cur- 
rent development is the ex- 
panding role of low-orbit 
satellites. These systems in- 
volve up to 60 satellites per 
network in order to provide 
superior reception quality 
(and thus access to new ser- 
vices) and better coverage 
(hence more subscribers). 

But other, less talked about 
technologies may also spur 
demand such as “regional 
mobile systems." Using new 
forms of antenna, satellites 
may soon be able to supply 
satellite phone communica- 

tions cheap enough to com- 
pete with traditional land 
lines as the basic phone sys- 
tem in areas where popula- 
tion density is too low to 
make it economical to install 
traditional phone networks. 

In other words, satellite 
phones could become cheap 
enough to become the main 
service in many areas. 

Perhaps the most impor- 
tant potential breakthrough 
involves the unique capabil- 
ity 0 f satellites to provide 
high-quality data transmis- 
sion for corporate users who 
want an ena-to-end service 
t baf is uniform in perfor- 
mance and not tied down to 
the Lowest common denom- 
inator involving the worst 
stretch in a terrestrial line. 

A second new competitive 
factor is the emergence of 

new boosters, some of them 
coming from new entrants in 
the launch services market. 
Heavyweight companies all 
have better models coming 
into service. 

In Europe, Ariane 5 re- 
mains unproven, but another 
trial launch is expected this 
autumn. Another newcomer 
is the Zenit 3-SL rocket for 
Sea Launch, and Boeing Mc- 
Donnell Douglas will bring 
out the Delta 3 (as well as a 
Delta 2 derivative). Lock- 
heed Martin says that it is 
upgrading its Atlas and Pro- 
ton launch vehicles. 

Some of these models, 
such as Ariane 5, have had 
teething problems. More se- 
rious technical problems 
have set back newcomers, es- 
pecially China’s Long March 
3. Further off are Japan’s H- 

2A and an Indian booster' 
which is not expected is the 
market until 2000. 

Potentially more dangnT 
oos as new competitor ag 
joint ventures between U$. 
and European com pany 
with former Soviet parthexs.- 

The company farthest 
along in these ventures 
Lockheed Martin, which 
has invested in the Russiaar 
RD-180 rocket engine & 
the way to upgrade its Atlas? 
This month Lockheed Mari' 
tin announced a pannoship: 
with Russia's Intcrspu tnft-. 
the new company, LMI, 
will build, launch and .op-" 
erate commumcaQoM' 

the staff af the ImemationaP 
Herald Tribune. 


European Missile Makers Aim High 


ARIS — Missiles will be crucial 
to the Eurofighter's military ca- 
pability, and they are also a po- 
tential hope for Europe in 
streamlining its defense industries. 

Matra BAe Dynamics is still no 
match for the U.S. heavyweight formed 
by the merger among Raytheon, Hughes 
and Texas Instruments, making it the 
world’s largest defense company. 

But the European venture is making 
the right moves to be a contender. 

The new company is a joint venture 
between two privately owned manu- 
facturers of airborne missiles: Matra, 
the defense wing of France’s Lagardere 
Group, and British Aerospace, a major 
defense contractor in Britain. Each 
already has a solid catalogue of missiles, 
some in coproduction with other 
companies, but the two companies seem 
bent on cross-border teamwork. 

Recently. Matra BAe Dynamics 
bought a 40 percent share of Germany's 
LFK, the missile- making subsidiary of 
DAS A. Daimler-Benz-Aerospace. 

French and British executives said that 
the German stake is likely to rise as 
Matra BAe Dynamics tries to make it 
Europe’s sole prime contractor in air- 
borne missiles. 

So far, the progress is largely on 
paper. "When they’ve sold their first 
missile we’U see about taking them se- 
riously," a U.S. missile manufacturing 
executive said. 

But the linkup with Germany’s main 
missile maker probably guarantees ac- 
cess to the Gentian market for Matra BAe 
Dynamics, which sees the Luftwaffe's 

order for missiles to equip the Eurofight- 
er as a critical step toward achieving 
economies of scale that can make the 
miss ile competitive internationally. 

Prospects for the new company’s suc- 
cess with the Eurofighter were enhanced 
recently when the British government 
decided to postpone for a year its order 
for $1.7 billion in missiles for the 

The extra 12 months could allow time 
for the German government to finally 

The United States 
seems reluctant to buy 
foreign technology : 

commit funds to buying the Eurofighter 
— and decide to help finance the de- 
velopment of the Matra BAe Dynamic 
missile. In that scenario, the European 
company would be favored to win the 
contracts on its home turf despite com- 
petition from Raytbeon-Hughes. 

Interest in seeing a partly home- 
grown company succeed has grown 
even in Britain, where the government 
has often ignored calls for European 
solidarity in order to get the best weapon 
for its money. 

But British Aerospace officials and 
executives were jolted by die outcome 
last year of competition for a new naval 
missile to replace the short-range 
Sidewinder. When Hughes won the con- 
tract for the Evolved Sidewinder, it 

It’s a Hard Day’s Night: An Inside Look Into Life of a 747 

By Paul Floren 

L ONDON — There are only two emo- 
tions in a plane: boredom and terror, 
according to Orson Welles. But pi- 
lots. flight attendants, cleaners, load- 
ers and ground staff are usually too busy to 
dwell on such things as they prepare a jumbo 
jet for an international flight 

It is 9:05 A.M. and a Virgin Atlantic 747- 
400 has just arrived at London Heathrow 
from Newark, New Jersey. Its engines whine 
to a stop and 420 passengers quickly dis- 
embark. I will leave with the plane when it 
takes off for Los Angeles at 12 P.M., and then 
return immediately on its return flight to 
London for a total of 22 hours in the air and 
2 H hours on the ground — all in an effort to 
find out what goes on behind the scenes in 
organizing a flight such as this. 

Only eight men are needed to unload the 
plane’s cargo holds that carry 32 tons. They 
are able to do this in 15 minutes because the 
luggage had been loaded onto the plane in 
special containers. Although loading is more 
complicated than unloading, it still only takes 
45 minutes (and again, only eight men). 

Each piece of cargo has code bars placed 
on it. The bags are put into containers that also 
have code bars listing the items they contain. 
All this information is computerized. When 
the plane arrives in Los Angeles, the ground 
crew will have a printout of bow the cargo has 
been stowed. 

Both the aft cargo hold and the front hold 
must be loaded at the same time, otherwise 
the plane may be thrown off balance and its 
nose lifted off the ground. The cargo’s po- 
sition in the hold is also important for - ‘trim,’’ 
which allows the plane to fly more effi- 

For security reasons. Virgin will not fly 
without making sure that each piece of 
checked luggage is matched with passengers 
on board. Each item's location is listed by a 
central computer system and can be cross- 
checked with each passenger. 

While the bags are being unloaded, a team 
of about 20 people cleans the plane and 
replenishes supplies. The entire operation 
takes 40 to 90 minutes. Maria, a cleaner 
working on the flight at Heathrow, said that 
each member of the team is assigned a spe- 
cific task — vacuuming, disinfecting, re- 
placing reading materials, etc. 

At the same time, 131,000 liters (34,000 
gallons) of fuel is being pumped into the 
plane’s center and wing tanks by Don, a 
Royal Dutch Shell employee. They are filled 
simultaneously to make sure the plane stays 
balanced. The fuel is delivered from an in- 
tricate network of pipelines lying under the 
tarmac. The fueling procedure takes IV* 

The plane is also put through a series of 
basic transit maintenance checks, taking 
about 2'A hours. Its maintenance schedule is 
highly regulated. A 747 can only fly so many 
hours between different maintenance 

After 500 flying hours, the plane will un- 
dergo an A check that lakes 15 hours. Every 
fourth A check, or 2,000 hours, calls for a 
more detailed examination lasting abour 48 
hours. After 15 months, the plane will enter 

Eight men can load up a jumbo jet’s cargo holds, carrying 32 tons, in 45 minutes. 

the hangar for extensive work that takes seven 
days; after five years of flying, it will undergo 
a major refurbishment taking up to four 
weeks. The 747-400 has about six million 
parts that all need to be checked at specific 

While the plane is on the ground in Lon- 
don, it is watched by a security agent. He will 
follow it until the walkway is withdrawn and 
the plane is ready to be pushed back from the 

The "pushback" is perhaps one of the 
most stressful moments before takeoff. A 
tractor has to maneuver accurately the 
roughly 396.000 kilograms (870,000 pounds) 
that a 747-400 weighs. 

P USHBACK begins once clearance is 
given from ground control, the 
ground engineer and the plane's cap- 
tain. The engineer disconnects the 
plane from ground power and lets the 747’s 
Auxiliary Power Unit take over. A flicker in 
the lighting of the aircraft is all that the 
passengers will be aware of during this pro- 

Two wing men and an aft guard guide the 
driver. While the plane is at the gate and 
during pushback, its steering is blocked by a 
special pin attached to a red flag. This makes 
it impossible for the pilots to drive the 

Once the plane has been fully pushed back, 
the ground engineer will remove the pin and 
wave goodbye to the cockpit, while showing 
the red flag. This signals to the pilot that he is 
now in control of the plane. 

The ground engineer also ensures that the 
pilot has started all engines and verifies that 
all are operationaL Since the pilots can not see 
the engines from the cockpit, this is an im- 
portant source of information. 

Dave, the pushback driver for this flight. 

said that he must also provide visual con- 
firmation that the airplane is ready before it 
begins taxiing to the runway. 

From the seat of the tractor, it becomes 
clear why his job is so stressful Today he Iras 
to slide die 747 back from the gate with two 
other 747s on either side of it, in addition to 
the presence of cars and personnel at the 
gateway. Because the plane has a very narrow 
turn ratio, he most avoid turning too abruptly. 
In the worst-case scenario, the back wheels of 
theplane could bend and break. 

the plane is under ground control until it 
reaches the end of the runway. Then, it is told 
to change radio frequencies and is given 
clearance for takeoff from air traffic control. 

Meanwhile, inside the plane, the flight 
crew checks that hand luggage is stowed and 
makes final safely checks of doors and emer- 
gency systems. The cockpit communicates 
with the cabin crew by a series of chimes that 
passengers hear throughout the flight. 

There are 10 flight attendants for economy 
and six for upper class on today's flight, plus 
Darren Avery, the flight supervisor. 

Among their principal activities will be the 
preparation of the half ton of food supplies 
and more than 50,000 in-flight service items 
that are needed on a trans- Atlantic flight 

On today’s 1 1 hour and 50 minute flight to 
Los Angeles, there will be two meal ser- 

The attendants must also check the plane’s 
14 toilets — 10 in economy for 337 pas- 
sengers, 2 in upper class for 48 passengers 
and 2 on the top deck for the 36 premium 
economy/upper class. 

At 12 PM., die plane takes off at a speed of 
180 knots (about 200 miles an hour). The 
captain and his two copilots settle into a 
routine that alternates work and repose. 

The plane has six computer screens, giving 

information on the position, speed, altitude 

and the functioning of the plane. The systems 
also give early warning of possible failures 
and track other aircraft Every system has a 
backup analog device that provides the same 
information in case of computer failure. 

The flight’s pilot, Captain Graham Ellison, 
34, said, "flying an airplane is a highly 
information dependent task." 

The computers can perform almost all 
flight operations, even land the plane. But 
Captain Ellison noted that, since pilots enjoy 
flying, it is rare that the autopilot is used for 
landing. It is only where there are tricky 
landing conditions, such as fog, that it is 
routinely used. 

D OES that mean the computer is 
better at landing the plane than the 
pilot? Captain Ellison will only 
reply that it is excellent at landing. 
However, throughout the flight the autopilot 
is used extensively. The pilot decides Mien 
the computer should fly the plane. He can 
shutdown all automatics immediately and fly 
the plane manually. 

During the flight, the pilots take turns 
monitoring the plane’s progress. (They can 
nap in a cabin next to the cockpit that has two 
bunk beds.) 

It is 2:30 P.M. local time and we are on our 
final approach to Los Angeles. The pilot has 
taken over from the autopilot while the crew 
adjusts, monitors and executes instructions 
from the air traffic controllers. 

One of the most important jobs on ap- 
proach is to watch for conflicting traffic, a 
difficult task at busy airports like Los 

The plane lands at precisely 1 87 knots. The 
pilot is guided by a computer that counts 
down verbally the last few Feet: 40, 30, 20, 10 
beeps the voice. The faster the voice spits out 
the numbers, the bumpier the landing. 

Once on the ground, the plane is stopped 
three ways. The main brakes are the ores 
followed by the reverse thrusters (the jet 
engines put into reverse) and the speed brakes 
(flaps on the wings that stand up to make air 

Before all the passengers have debarked, 
much of the cargo is already off the plane. 
Outside, the army of cleaners and mainten- 
ance personnel is waiting to come on board. It 
will take 18 people 50 minutes to clean and 
replenish supplies. 

Since I will have the same seat going back, 
as a test I jammed several pieces of paper 
under the seat and tore some pages from die 
inflight magazine. When I cot back on board, 
the paper had been removed and the magazine 

Meanwhile, cargo and baggage is being 
loaded and the mechanics are checking dte 
log books and performing maintenance on the 

Inside the terminal, a new crew is 
paring their flight plan, sent from 
and checking weather conditions. 

At 5:30 P.M., less then 214 hours after 
touchdown, I take off again. I will land 10 
hours later, at 12:20 P.M., in London. 

Boredom and terror? For me, more burned 
out and tired. 

PAUL FLOREN is on the staff of the In- 
ternational Herald Tribune. 

whetted Raytheon’s appetite for Hughes 
and also reinforced impressions in 
Europe that the U.S. defense establish- 1 
ment is more reluctant than ever to buy. 
technology that is “not invented here. 1 '' 

Even if Matra BAe Dynamics man- 
ages to defend its own turf, the key to 
becoming a global competitor is tied up 
with the fate of France's other two mis-‘‘ 
sile manufacturers, Thomson-CSF and 

The future of both these stale-owned 
companies became uncertain this mouth 
after French parliamentary elections were 
unexpectedly won by the Socialists, who 
oppose privatizing the defense sector. 

President Jacques Chirac and the pre- 
vious center-right government had con-' 
sidered privatization as the first step to 
restructuring the defense sector and pre-- 
paring it for a leading role in a new' 
Europewide industry featuring single : 
dominant companies in aerospace, nu- 1 
clear applications, defense electronics, 
missiles and armored vehicles. 

That plan seems bound to be delayed' 
and probably dilated by the new So-' 
cialist government 

Meanwhile, Matra BAe Dynamics, 
with LFT and perhaps soon some smal- 
ler European acquisitions, seems likely’ 
to take the lead in upcoming programs 
such as a European ground-attack cruise 
missile. That would make it Europe’s- 
best- performing multinational defense 
contractor, but still a contender lacking- 
the punch to rock Raytbeon-Hughes-TT, 
in global competition. ' 1 

Joseph Fitchett. 

J i 
t - 

tic£ of 


PAGE 13 



•ftM HtK the;- 

wi ^ c ■ — ,” A -7 
CME£d.‘s:r. 7. 
nv*$e\ -vtj.7". 
m w-x r ~ 

' " 4ti«u- • 

&mA* waftev**.' 

Wtf ttfllCfc rt fift* 


'S tfat /*i m "V{_ ?tjl k-~- 

5** LWJS ZfrMi'. < : ; .. \l 

Dk-inifSj* .... 

&& Ite DvJu * :*r. J, , 

t fcfc* * 


JUt £»?«£ vcfiir^-:. 

-.* Jfe-w 

'*** j*;as*i* v n^. tr . r .‘j 

s e rlfting. ;sufcfcm » . V - : . 

;}«*» ' sstfe.*: 

kns wf tsek 5Huv*;- r - _ •. e . 

\i *=»:,,* Mi:: ■ 
hafe- ^artr .^r j? 

P%From Bottom to Top of Political Agenda, Eurofighter May Finally Fly 

: "Sa '^ll 



MV- n v 
V; : •; --iir ? < 

«■;- .'<s 
■- -• 

:' ■ ■ v ,! ;^ 
■ ***• 5 

!fc* figwf jgfr - 
nrp irt«fd 
At tfwtf »«« ytu*^ ti*- 
i* awns aaCTw i re 
lepr* irewpmv ' * i ».; 


W ifet 4 T¥tf it* t«f -dkx 
-M RirXido '*3! i?fc* 

«*h* • ._*c<fcljixieu. 4 -t-c 
jjwenKrwT® es fe«iK 

tf 7 

Utitmi to buy 


r ■ r . V 

f v-wVrr- - . 

• ..... 'kfat: 

mt ; Jr. - ' 

Air:- - ; - - 

fV- .... 


.. . _ -"**• 

ii'i.- ‘.1'C. . 


7 '■•uwsij 

; k - :7-..: 

- Ot » 

>!'".• . 

•" ~mr 

f r ■ ‘ 

rv r»Y-jk: -- 

• -.c 

By Joseph Fitchett 


. ARIS — The Eurofighter, 
[whose development has been 
dogged by political infighting, 
now al last seems set to fly ^ 
thanks to politics. 

, British Aerospace executives appear 
confident of getting orders for more 
than 200 Eurofighters for the Royal Air 
jjorce — even if Boon fails to come up 
yith the money for the Luftwaffe’s 
planned purchase of 1 80 planes — after 
the joint project got an apparently de- 
qisrve push from Britain's new Labour 


Prime Minister Tony Blair lobbied 
hard for the project in his initial meet- 
jo g s with Chancellor Helmut Kohl, who 
oow has to reckon with the con- 
sequences of seeing Britain go it alone, 
arm perhaps seeing Germany in a few 
years’ time (dace orders with Britain for 
a plane that German factories lost the 
chance to produce. 

- While unlikely to attract customers 
outside Europe, the Eurofighter can ex- 
pect sales exceeding 50 billion 
Deutsche mar k s ($29 billion) in the pro- 
ducing countries. That prospect makes 
the Eurofighter a compelling industrial 
project, especially in terms of jobs. 
r To both politicians and aerospace ex- 
ecutives, the program looks irreplace- 

able in an industrial sector that British 
Aerospace does not want to lose and that 
DAS A, Daimler-Benz Aerospace, 
wants to develop. 

As is often the case with defense 
projects whose development is strung 
out over a decade by politics, there 
seems to be no palatable alternative 
after so much investment. 

. Paradoxically, s imil ar industrial im- 
peratives could have a different impact 
in France, which may cut back its plans 
for Rafale, the multirole fighter de- 
veloped by Dassault. 

Rafale, like the Eurofighter, seems 
certain to be built, at least io a naval 
version. Without it, France’s new air- 
craft carrier, the Charles de Gaulle, 
would be “an expensive joke,” a 
French industrialist said. 

But France’s new Socialist govern- 
ment bus already let it be known that it 
intends to conduct a full-scale review of 
the Rafale program to examine its cost 
and its military necessity — and by 
extension the question of whether 
France can afford it 

The Socialists could probably afford 
the luxury of cutting or stretching out 
the Rafale program because France is so 
well endowed in this sector. Dassault's 
design teams and assembly lines could 
be kept busy turning ont its current top- 
line fighter, the Mirage 2000-5. 

It is a cruel irony for President 

PBrtt PtrUGanwi 

The Eurofighter 2000 remains a major prize in terms of European orders. 

Jacques Chirac, who had planned to 
announce the merger and privatization 
of Dassault and the state-owned 
Aerospatiale at the Paris Air Show. 

That was to be the opening move in a 
radical restructuring of the aviation in- 
dustry that would have put France in a 
position to seize leadership in a future 
Europewide venture. 

That restructuring has been delayed 
because the new French government 
opposes the privatization of Aerospa- 
tiale, a stance that has revived 

Dassault’s opposition to the merger. 

Even if Paris can count on the air 
force continuing to fly French-made 
combat aircraft well into the next cen- 
tury, Britain and Germany both need a 
new warplane starting in 2001 to replace 
those nearing the end of their service 

Although the Eurofighter is no match 
for new U.S. warplanes in stealth, air 
combat agility or night fighting and all- 
weather capabilities, it promises to be a 
more than adequate platform to carry 

sophisticated electronics and weaponry 
to meet any foreseeable threat 

Buying off the shelf, if it ever was an 
option, seems impossible now, even 
from the United States. Leaving aside 
the next generation Joint Strike Fighter, 
the F-22 coming on line is too expensive 
— it is twice as much as the estimated 
$55 million price for a Eurofighter. An 
affordable U.S. option would be the 
upgraded F-15, but it is the same tech- 
nological vintage as the Tornado air- 
craft which will start being phased out 
of European arsenals. 

THER airplanes pose differ- 
I ent problems. Sweden's 
' Gripen is too small; Russia's 
Sukhoi-27 would be political- 
ly unreliable and uneconomic in terms 
of life-cycle costs. Even the Rafale, 
which appears to be slightly more ad- 
vanced than the Eurofighter, particu- 
larly in terms of stealth, lacks the power 
and punch sought by Britain in its next 
multirole fighter. 

At this stage, there are other factors, 
too, that make it politically risky for 
Germany to pull the plug on the 
Eurofighter. Such a move would jeop- 
ardize the outlook for closer cooper- 
ation with Britain especially as British 
Aerospace has recently emerged as pos- 
sibly the only viable European partner 
for DAS A if France’s state-owned 

Aerospatiale cuts back its participation 
in Airbus and is not privatized. 

Business prospects also count. The 
other two contractors in the Eurofighter, 
mainly as component suppliers, are 
Spain’s CASA and Italy’s Alenia. That 
industrial participation has opened the 
door for Eurofighter orders from Italy 
and Spain. 

So, even though the Eurofighter 
seems unlikely to win export orders, it 
remains a major industrial prize in terms 
of European orders. If Germany decided 
to delay its commitment, British 
Aerospace would emerge as the sole 
prime contractor, with prospects for 
substantial and profitable sales in 

Of course, that long view could be 
neglected by politicians concerned with 
here-and-now realities. The Eurofight- 
cr’s potential nemesis in Bonn is Fi- 
nance Minister Theo Waigel, who has 
banled the plane’s rising costs in order 
to protect the budget of a cash-strapped 

But cancellation of Germany’s order 
would trigger massive layoffs in 
DASA’s principal military plants, 
which are concentrated in Bavaria, the 
electoral territory and power base of Mr. 
Waigel. Politics may have impeded 
Eurofighier’s development, but now 
they seem likely to guarantee its 

Startup Airlines Scramble to Fill East Europe’s Demand for Local Service 

By Peter S. Green 


•• Mfe fcrtsScr £3? 4c 


to wa as 

J . 

sue t*f* cLsan 

i. f 

: - -■ 


J:; ■: 

•" - fci j. 

MV 4 raffS? 

Jkfci r. 



iiitare. thr ie*t*€*r*:i on 
d M' fc.ic.'Opr-fcc 

j£<* ate- *3TE 

.. ..... 

:• • *j -• - .- 

- • XT. E 

_ • ’’ ■Vrsts 

iir; •. •• 

»>> ^ 

t 4. -■ 

f--.c * ac* 

J! r , 

¥.* iV 


RAGUE — Don’t miss the 6:05 
A.M. flight if you want to get to 
the Slovak capital, Bratislava, 
from Kosice, Slovakia’s second 
city and its industrial center. There 
won’t be another plane until tomorrow. 
And if you want to go from Kishinev, 
the capital of Moldova, to Prague, you 
might be better off connecting through 
Moscow, a 1,600-kilometer detour. 

As die economies of the former Com- 
munist states in Central and Eastern 
Europe take off, so has demand for air 
travel. But getting around the region, or 
even getting out of its smaller cities, 
isn’t easy. 

’ Where once the region's capitals 
were linked by daily nonstop flights, 
vyuthsome routes like Prague-Sofia 
served twice a day or more, the aid of 
c^ieap Soviet fuel and die arrival of 
marke t economics have cut these flights 

[ The state-owned flag earners will no 
longer subsidize money-losing domes- 
tic routes. Even the capitals have more 


direct flights to London, Vienna or 
Frankfurt than they do to eastern des- 

But as incomes grow and trade l inks 
strengthen with the provinces, demand 
is rising fra - Western-style commuter 
service beyond die capital cities. 

Across tile region, passenger traffic is 
up about 15 percent. To meet the chal- 
lenge, a number of small regional air- 
lines have started op, and industry ex- 
perts say the prospects for further 
growth are impressive. 

“When you look at air travel in the 
European Union, it’s about two pas- 
sengers per inhabitant In Central 
Europe it’s about . 1 5 on average, though 
in some countries, like the Czech Re- 
public, it’s .4,” said Frederik Sorensen, 
director of the air policy unit at the 
European Commissi on. in Brussels. 

With small markets, industry experts 
say the premium will be on frequent 
flights with small aircraft often holding 
just 20 to 35 passengers, rather than 
fewer flights with larger aircraft. 

“A lot of businessmen won’t wait 
until the afternoon. If you don’t have a 
morning flight, they 'Ufly with someone 

else. And there are a lot of destinations 
in Poland whose market potential is not 
enough for big aircraft,” said Jacek 
Tomaszewski, chief of strategic plan- 
ning at LOT, the Polish airline. 

Graeme Smith, director of European 
sales for British Aerospace’s small tur- 
boprop planes, sees three potential hubs 
for small turboprop operations in Cen- 
tral and Eastern Europe — Warsaw, 
where BAe is talking with LOT about 
using its planes and expertise to set up 
EuroLot, a new regional airline; Bud- 
apest and Belgrade. 

Budapest could draw passengers 
from as far away as southern Poland, 
western Ukraine and Romania. 

Belgrade . juld fly passenge, s from 
Romania, Bulgaria and Yugosla via >.io 
Italy, Austria and even southern Ger- 
many and the Czech Republic. “At the 
moment we are not seeking to do busi- 
ness there, it’s merely an aspiration,” 
Mr. Smith added. 

Another question for regional airlines 
is airport capacity. The Warsaw Pact 
dotted Central Europe with military air- 
fields but few of these are near large 
cities. And most of tire civilian airports 

in the region are very close to city 
centers. Prague, Budapest and Warsaw 
have recently added new terminals, but 
even Prague's, which opened this 
month, could run out of capacity by 
2005 if air traffic keeps growing. 

The fight for dominance in the region 
will be a three-way battle, with national 
flag carriers moving to set up their own 
regional airlines, primarily as feeders 
for their international flights, small lo- 
cal startups that will link regional cities 
both to one another and to capital cities, 
and foreign-based regional airlines that 
will seek to siphon off feeder traffic to 
West European airlines. 

Eurowings, a German-owned airline, 
already flies form Gdansk, Poland, to 
several German destinations, and SAS 
links Poland’s Baltic coast with Scand- 

Tatra Air, Slovakia's ixily scheduled 
carrier, flies three Saab 340-B 35-seat 
turboprops. One of its most popular 
destinations is Zorich, where it connects 
with Swissair’s international routes. 

“Who wins will depend very much 
on how they go about it,” said Mr. 
Sorensen, “u the locally owned airlines 

can operate at the same technical and 
safety standards as their Western com- 
petitors, then they do have a competitive 

Mr. Sorensen said EU officials ex- 
pect to complete next month a report on 
the safety and technical standards of key 
airports in 1 0 Central and East European 
cities. He said the EU would then use a 
special development fund for the region 
to help improve any troublespots. 

Jean Charles Bemberg. a board mem- 
ber of Tatra Air, says the free market 
will be the best guarantee that local 
airlines meet international safety stan- 

“In Central Europe and the Baltic 
states, security is very high. Everyone 
knows that a single mishap would kill the 
whole airline,” said Mr. Bemberg - 

The breakup of the Soviet Union, 
Yugoslavia and Czechoslovakia has 
opened markets in countries that had no 
airline of their own, but often, said Mr. 
Bemberg, these markets must be ap- 
proached with caution. 

“The first goal must be to establish a 
regional business. These new countries 
are too small to have real domestic 

airlines. The future for Tatra Air is to be 
a major regional player. We don’t need a 
big fleet, just the best connections with 
the east." 

He said that Tatra is now studying 
ways to link routes with a Moldovan 
airline and is hoping to do the same with 
EuroLot, the proposed venture of LOT 
to create a regional airline in Poland. 
Such a venture would extend to shared 
maintenance facilities, spare parts in- 
ventories, reservations systems and 
even joint marketing and sales. 

Then the new regional lines can cap- 
italize on two markets: carrying busi- 
ness passengers from provincial cities 
both to other provincial cities and to 
regional capitals, and feeding the in- 
ternational airlines with a steady stream 
of provincial customers. • 

* ‘There are no easy connections in the 
East. This is the market, not to compete 
with British Airways to London, but to 
expand locally, to increase your catch- 
ment area," Mr. Bemberg said. 

PETER S. GREEN covers Central and 
Eastern Europe for the International 
Herald Tribune. 


TUESDAY, JUNE 17, 1997 
PAGE 14 

Designing Students: British Schools Target the Globe 

?. 1 ; ?f% 


Sp® 0i «& 


; |vei* 4ti 

•it No. 

■ \ • 

'■' t 

-• i'l '.- 


UH4 m* 

From left: Fashions from Henry Hilsky, St. Martins; Sean McGowan, RCA ; Wayne Pinnock, RCA ; A. Scott Henshall . Newcastle; Anne Louise Roswald. St. Martins; Julia Greenwood, St. 

L ONDON — Three factors have 
brought British student shows 
to center stage: the country's 
booming economy that is re- 
flected in exuberant, colorful clothes; 
the cross-cultural mix of die fashion 
schools, where Asians are now playing a 
significant role, and the illustrious 
alumni who have taken design talent 
across the globe. 

Now that Paris fashion has picked up 
on British designers to blow the dust off 
establishment houses, the world's talent 
scouts have redoubled their efforts to 
find in London the next big thing. 

"I wanted to come and see what's 
happening — London is really hot," 
said Simon Burstein of Sonia Rykiel, 
who came over from Paris for the Royal 
College of Art show. Like Rosita Mis- 

By Suzy Menkes 

liumuuionai Herald Tribune 

soni, who came from Italy, be was sur- 
veying the work of graduate students 
who are often snapped up before they 
are even on the job market. According to 
the RCA, 97.4 percent of the 1996 

graduates are currently employed. 
The RCA's Sean McGowan, 

The RCA's Sean McGowan, who 
showed a graphic and theatrical col- 
lection in rat black and white, is off to 
Paris to join Karl Lagerfeld; while the 
vividly colored. African-inspired 
menswear of Wayne Pinnock has won 
him a place with G ianfr anco Ferre in 

And forget any idea of students show- 
ing eccentric ideas in a back room. The 
RCA holds an annual gala dinner to 
launch its graduates. And a joint show- 
case for 21 college shows was created 
thanks to major sponsorship by Bhs, a 
mainstream chain that is part of the 
Storehouse group. 

The Bhs Graduate Fashion Week last 

week was a professional display of art 
and technique that took place in a tented 
area overlooking the Thames outside 
the Royal Festival Hall. Thirty-one col- 
leges staged multimedia displays, in- 
cluding the vital student portfolios. 

"After two minutes of glory on the 
runway, the only thing a student has left 
is the portfolio," said Julius Schofield 
of Indesign, a recruitment agency. 

The Bhs graduate catwalk shows 
gave energy and vitality to the students' 
work: Mad Halter teacups balanced on 
the head to enhance the flocked Wedg- 
wood patterns on jeans from A. Scott 
Henshall of Newcastle; an unfurling 
collar printed with Oriental motifs from 
Kazou Lai of Central Sl Martins, and 
the Tahitian-inspired dresses, the mod- 
els balanced on Chinese clogs, from 
Julia Greenwood of Sl Martins. 

The Coflection of the Year award went 
to Henry Hilsky. who came from his 

native Germany to the London College of 
Fashion and ben SL Martins ami pro- 
duced a vibrant and beautifully executed 
Japanese-inspired collection of 
on square-cut silhouettes. He is being 
courted by the French boose Kenzo. 

Central Sl Martins has a special aura 
because of the hype surrounding the 
recent high-profile appointments of its 
alumni John Galliano, Alexander Mc- 
Queen and Stella McCartney to Dior, 
Givenchy and Chloe in Paris. 

"One of our missions is to be in- 
ternational," says Jane Rapley, dean of 
fashion and textiles at SL Martins. "We 
get a mix of all sorts of backgrounds and 
nationalities. We are often criticized for 
being too big, but our numbers [92 
graduates in 1997] give us real 

Each student year tends to follow a 
fashion star and this season it was Mc- 
Queen and his mix of precise cutting 

and sinister accessaries. The modernist 
graphism of the British tfesignw Hus- 
sein Chalayan was also influential. 

But the overriding impression of the 
shows is how bankable the students 
seem, with well-executed clothes, 
rather than just wild creativity. Sig- 
nificantly, at a time when silhouettes are 
simple, textiles played an important 
role, with textile and knitwear students 
often producing exciting collections, 
like the brightly colored knits from 
Winchester menswear student Phong 
Pham, the curving color blocks from 
Nottin gham 's Ann Palmer, and lacy 
knits of Brighton’s Emma Moloney, in 
tiie style of Missoni, another strong in- 

"We took our first RCA students in 
1976 and others from SL Martins," 
Rosita Missoni, says "For them it is a 
very interesting experience, even if it is 
only for six months, because, they see 

Martins . and Sarah Tumel, Croydon^ 

the whole production from raw yam to 
weaving.'^ ' 

Why would a student be plucked 
from the mass? Eric Wright, the exn 
ecutive creative director of Karl La-’ 
gerfeld, said that McGowan had been 
picked by Lagerfeld at an early stager 
because of his imagination and tech- 
nical skills and that he had already done 
an internship in Paris. 

"Sean has an incredible eye ami pet 
sonaBty, he is precise in cutting ana has 
a sense of proportion," Wright says. - 
Star designers may go abroad to fa- 
mous fashion bouses, but graduates are 
also absorbed into British design stu- 

rims Partners S 

dios. This feeding of the home turf is tht 
mission of Keith Edelman. CEO Of 

mission of Keith Edelman. CEO 6$ t 
Storehouse. "This industry has lived for 
years without re-inventing its coi$ 
base," he said. "Design is a very irrG 
portant part of keeping our industry on 
top of the world scene." 


.# 1 * 

A*ss*x9 ; ti 


«•***• */#**!• 

In Fashion Chess, 
More New Moves 

inking Ahead /Com 

that tlie Bear 

By Suzy Menkes 

International Herald Tribune 

P ARIS — In one of yet 
another series of stra- 
tegic moves on high 
fashion’s chess 
board, Narciso Rodriguez, 
the Cuban- American design- 
er of Carolyn Bessette 
Kennedy’s wedding gown, 
has joined Loewe — the 
Spanish leather goods com- 
pany that was accquired by 
luxury group Moet Heunessy 
Louis Vuitton (LVMH) in 

Also making his debut fhar 
season for Balmain will be 
Andrew Gn, a Singapore- 
bom London-trained design- 
er who makes sleek, modern 

sportswear under his Paris la- 
teL He will take over Bal- 
main ready-to-wear while 
Oscar de la Renta remains at 
haute couture. 

Rodriguez, 36, reached at 
Loewe ’s Madrid headquar- 
ters, said; ‘Tm so thrilled — 
it’s a perfect marriage, it was 
such a natural far mem and 
for me.” Rodriguez was re- 
ferring to the Latino connec- 
tion. The designer, who was 
trained by Calvin Klein and 
did two seasons with Cerruti, 
as well as designing Tse 
cashmere, will show his first 
collection in March 1998. 

The move is part of the 
ongoing strategy of LVMH 
to beef up its creative inpnL 
The changes at Loewe follow 


£ : >., ■■ vy 

iewirri j* a 
• •'.* t*-w 

.< -• •' - ^r.tnr. j 
•.•v. *'tr Lck*:* ’ 

thejff — wind 
• w/JV'******! 

Narciso Rodriguez has joined LVMH’s Loewe. 

raoul et curly 

Designers Accessories 

at the best duty free in town 

a similar pattern to the arrival 
of American designer Marc 
Jacobs as design director of 
Louis Vuitton. 

"We have no fashion his- 
toty or aesthetic, we are a 
small industrial company," 
said Gerald Mazzalovo, pres- 
ident of Loewe, which was 
founded in 1846 as a leather 

supplier to the royal court. He 
said that be believed that 

Rodriguez could express 
Spanish culture in a modern 
and contemporary way, as 

"baroque minimalism." ; 

Gn is slated to lake over 
Balmain after the arrival ofj 
Georgina Brandolini, who, inj 
another significant appoint-i 
raent, will become the gen-} 
eral manager and business) 
partner to Alain Hivclin, the. 
house’s president ; 

Neither Brandolini, who is. 
part of the Agnelli clan, nor; 
Gn wished to comment on? 
their appointments until the, 
news is made official in July, 1 
after the couture collections. ; 

•’ ■ • ucrsfcirf. •ssnfamMi 

• >u- 

:•«. Ciashba*. * * 

-'i hive 

--v xt run. uudr. i 
■ - Sjij K-«r. **■ ! 

Tang and Rhodes Honored 

International Herald Tribune don. He Spoke of the need 

L ONDON — David China to reach b^kto its ( 
Tang, the cultured fucian roots and said heaii 
and dynamic Hong to bring Chinese style wi 
Kong entreroenear modem snin m his sir 

Sflk scarf Y51, beige handbag KaH LagerFdd, 
top-siacbed block handbag Lcs Nouveaux Maroquintes, 

All ntfjor brand perfumes and cosmetics. 
Designers jewetry-YSL., K Lagerfeld,. . 
Prestigrous watches Baume et Metdei; EbeI,Tag Heuen- 
Finest brand leat her goods and ppnc 

raoul et curly 

47, avenue dc I’Op&a, 75002 PARIS 
01 47 42 50 10 

International Herald Tribune 

L ondon — David 

Tang, the cultured 
and dynamic Hong 
Kong entrepreneur 
with a mission to establish his 
Shanghai Tang as China's 
first international brand, was 
made an Officer of the Order 
of the British Empire for com- 
munity service in the last hon- 
ors bestowed by Queen Eliza- 
beth A before Hong Kong 
revests to China on July 1. 

Tang, 42, was the speak® 
Monday at a Cosmetic Exec- 
utive Women meeting in Lon- 

S»rtngsdw^comc^b^rtb»(J^die't3»J' ' 
dopfunc. Over the hst 30 yean -the# numbers . 
hum plummeted now ofitaa&y ertdsagssrotf. ™ 
■Man). Jure beer (breed onto the streets of 
Bangkok. Thai Afrwa/i tnumactonai-b he^tnj ty.. . 
oporung » sanctuary and raaung these ahmub. ' 
You can wm one together with a trip. for you and'nudapd. 

The competition is free to enter -jus! & 
m the coupon. But please, mol* a donation, rf you .. 
can hi ome to ote the etephams from die 

ewdfi3fc|uhgfeand retuirnteh the real jtffld=-- 

toenXbSSSS rtfcwar 

I woiTd Mn die dunce to win one of 10 (win Burfnee Cfou Odcets to vMeTha4*vi 

Nuns On aplah] - 

Cempsty -Povtk-i 

AdfcwM | DHin QWVj ' 


I wcuW bke donate (jntoumt. 

; • ; 

.(dwyic fjyabl, Tfo. JwrfioVtfcei' Fomdadon^ 

Chirks mjr DAnw OCsners Chib DVMa OMuancanl Card Nee. 

Sjpaotre — — ■ Ar»iOuanlHTsumcraeft □'fa QNo 

I do not wMt to rec«v« maftigt from odier CMymn, □ tac to*SneThe Bcphanta" do ttfX WF rubric BitMng. 
SO GfoixciHtr Pood. Hon- Krtnj, or bn 10 (SJZ) 2922 1 100 ar phone (B52l 2922 (181 far mere lidanu i fcm . 


Exquisite style, witty provoca- 
tion, right on the inside track 
of European government. 


in Paris 


! If you missed his reporting in the 
John Vinocur IHT, look for it on our site on the 

Senior Correspondent World Wide Web: 



ii unmet ui me u 


8, me de Sevres. 


Toi: Q 1 42 22 IB AA 

don. He spoke of the need frr 
China to reach back to its Con- j 

fucian roots and said he aimed 
to bring Chinese style with a 
modem spin to his storesT 
which will inclatte a Madisodi 
Avenue shq) in the felL 
"No matter what p eopkf 
say about C hina and Hoq$ 
Kong going back to Asian? 
values, recent history ha% 
shown that it’s going to be tin? 
other way round," he sawK 
"Unfortunately, China is giH 
ing to go into the next mfl'- 
lennium with a great deal 6f 
Western baggage." 

Tang, who was bom in 
Hong Kong but educated in 
Cambridge and at London 
University, is a director of 21 
companies, including the^ 
daily high-profile China; 
Clubs in Beijing and Hong 
Kong. 5 

•Zandra Rhodes, the dig 
anguishe d fashion and textik? 
designer, was made a Coni-' 
xnander of the Order of tb| 
British Empire in the Queeirff 
Birthday Honors. Rhodes ^ 
currently putting rogethff ® 
fashion museum in LOSdOD..Q 

1 *»■». 

' • • ' T-.t- vabic *» , 

1 . 1 tjjkrantH 

• _ 

•. ? ir, ZM ty * 

.. f'.-r mnzi M 

-.-'r - 


• . 

* * 

vr- fS 

1 • *- TnraiM" 

:.a «, - 

■ •. it* ^ar 

-• • a'7 

•- - ae 

^ - -3 ■ ur - -Jp.- 

r tv. .*** ' 'up- 

.ft* '3rJ- ...♦?• 


hir r , i,U A swffai 

•_ y - ;■ 

J yr 

i d m ydt 

Ui i-" 


• JIJJJVJ , .■ 

C '<* 


f tr 


; .1 


• Jtj-' 

Suzy Menkes 

-nwiww art -JR- ■. •tM 



■\ \lrs\. 
“j fi £? 

Vi **' 



TUESDAY, JUNE 17, 1997 

PAGE 15 

.-a j 
-.-f i 

|*B? Ij 


' n 

* *- ••• . 

istiworw Th*: • 

f -m* Hrftoif, iV*>r-V7.- 

«s **i li«r A 

• ' •• r '^ 

• • • 

• e . 

W into it S 

“ :i •: 

riSCi. -ih=r^ 

. -»: 

"*V V • rrrl •. 

'■ — ■ 

Tr. *.'- 

t k-.Vt L-.-.-r 


■j -.-^ 5 'kAk: 

.{ t -s. • -• - 

- ' 

f M'.rFr.— • ' . 

t iTi.-r-y -i. V 

ir-X kt * - 

- ai» 

■i.**-, S:. Ttus. •. . 

- ■. . 

SEi,. siv t 

. r*rrz. ? *. 

• -• 

:JPPM . wxnRBfc zsei .-.v ■■ 


Even at No. 1, Compaq 
Aims to Stay on Its Toes 

PC Maker s Old Troubles Are Fresh Memories 

By Laurence Zuckennan 

New York Tunes Service 

HOUSTON — Why is Compaq 
Computer Corp., the world’s No. I 
personal-computer maker, acting like a 
company on the ropes? 

Because as much as Eckhard Pfeif- 
fer, Compaq’s chief executive, is fo- 
cused on poshing his company into the 
future, he is haunted by its past Nearly 
six years ago, he was swept into the 
comer office at Compaq's leafy cam- 
pus here after directors dismissed the 
company’s founder. Rod Canion, who 
had made the mistake of allowing the 
company’s personal computers to be 
undercut by cheaper competitors. 

Within a year, the German-bom Mr. 
Pfeiffer, who had made his name as the 
bead of Compaq’s European opera- 
tions, revived the company’s fortunes 
by drastically lowering its prices. The 
ensuing price war drove many small er 
rivals out of business and helped propel 
Compaq from fifth place in the market, 
with $3 billion in sales in 1991. to pass 
International Business Machines Corp. 
as the top PC maker in 1994 and toend 
last year with sales of $18.1 billion. 

Today, Compaq is on top and prof- 
itable, its stock recently hit an all-time 
■high, and its balance sheet shows 
nearly $5 billion in cash and no debt 

“One thing that stuck in my mind 
; from back in 1991.” Mr. Pfeiffer re- 
‘ called recently, “was, people kept ask- 
ing me, ‘What are you going to do to 

not be surprised again?* ” Now, an- 
ticipating a fundamental Shift in the 
industry, Mr. Pfeiffer is again remak- 
ing die company. This time, he hopes 
to fend off a mounting threat from 
personal-computer makers such as 
Dell Computer Corp. and Gateway 
2000 Inc. that coaid undercut Compaq 
and are growing faster by selling made- 
to-order PCs directly to customers. 

But even as he plana to compete more 
aggressively with tbese rivals, Mr. 
Pfeiffer wants to make Compaq more 
than iust a PC supplier by turning it into 
a full-fledged computer company. 

He recently ordered his reconsti- 
tuted management taam to more than 
double Compaq's annual sales to 540 
billion by the end of the decade, which 
would allow it to leapfrog NEC Corp. 
and Hewlett-Packard Co. to become 
the world’s third- largest computer 
company of any kind, behind only IBM 
and Fujitsu Ltd. 

Compaq’s moves appear to be her- 
alding yet another round of price cuts. 
IBM and Hewlett-Packard have said 
they would follow Compaq’s lead in 
mashing or beating the lower prices 
now offered by Dell and Gateway. 
That would be good news for busi- 
nesses and consumers. But it would put 
new pressure on the direct sellers while 
perhaps forcing weaker manufacturers 
to sell out or fold, as happened in the 
last price war. 

“we expect this action will drive 
See COMPAQ, Page 16 

KCuIr, SmKh/TTv- Nr* livtTin 

Compaq’s chief executive, Eckhard Pfeiffer, is remaking the company. 

NatWest Announces 
Investing-Unit Troubles 

Citing Poor Earnings, Chief to Resign 

By Erik Ipsen 

International Herald Tribune 

LONDON — National Westminster 
Bank PLC warned Monday of a major 
disappointment in the earnings of its 
struggling investment-banking unit and 
said mat the unit's head, Martin Owen, 
would resign immediately. 

The announcement raised concern 
about the efforts of many large com- 
mercial banks in recent years to expand 
into supposedly lucrative realms such as 
mergers and acquisitions and bond and 
stock underwriting. 

“I think this is a prelude to a sig- 
nificant downsizing of NatWest Mar- 
kets' operations and ambitions.” said 
Peter Thom, an analyst at Paribas Cap- 
ital Markets. Others said they expected a 
similar fate to befall BZW, the invest- 
ment-banking arm of NatWest's rival, 
Barclays Bank. 

While senior British bankers are find- 
ing the joys of owning an investment 
bank increasingly slim, in the United 
States the tide is running in the opposite 
direction. In the past two months, both 
Bankers Trust Co. and BankAm erica 
Coro, have splashed out hundreds of 
millions of dollars, buying Alex. Brown 
Inc. and Robertson, Stephens & Co. 

A flurry of such deals follows the 
easing of decades-old rules in the 
United States that barced commercial 
banks from investment-banking activ- 
ities. Non-U.S. banks also seem to be- 
lieve that there are rich pickings on Wall 
Street. Lost month, for instance, Swiss 
Bank Corp. said it would purchase the 

venerable Wall Street firm of Dillon, 
Read & Co. for $600 million. 

What NatWest and Barclays demon- 
strate is that even in the middle of one of 
the longest bull markets ever, invest- 
ment banking can still be risky, with 
only the strongest making good money. 
Mr. Thom said that in Britain, com- 
mercial banks now boasted returns on 
equity in the range of 25 percent to 30 
percent, compared with 10 percent to 12 
percent at NatWest Capital Markets. 

In making the announcement, Nat- 
West's chief executive, Derek Wanless, 
talked about the need to get an “ac- 
ceptable” return for the £2 billion 
($3.26 billion) in equity that the bank 
had invested in its capital markets arm. 
The investments include the purchase of 
mergers -and -acquisitions boutiques in 
Britain and the United States, an Amer- 
ican bond-trading house and a British 
fund manager. 

Until February. Mr. Ward ess's plans 
to forge a global investment-banking 
powerhouse seemed on course, as the 
concern posted pretax profit of £462 
million for 1 996. But two days after that 
figure was announced came news of a 
£77 million deficit, the result of an error 
by a trader who for three years had 
logged the wrong price for his interest- 
rate options. 

Even without that charge, though, the 
bank warned Monday that the capital 
markets operation's earnings in the first 
half of the year would fall well short of 
the comparable period last year. Nat- 
West's shares closed at 755 pence, 
down 43. 

Airbus Partners Say U.S. Aid to Boeing Violates 1992 Accord on Subsidies 

By Barry James 

International Herald Tribune 

' PARIS — European government 
Ministers accused the United States on 
Monday of aiding its aerospace industry 
indirectly through grants for military 
fyd space research, reopening a long- 
standing debate about hidden subsidies. 

The issue came to a head with Boeing 
Co.'s planned $13.7 billion takeover of 

McDonnell Douglas Corp.. giving it ac- 
cess to McDonnell's research contracts 
with the Pentagon and the National 
Aeronautics and Space Administration. 

A senior executive at Aerospatiale of 
France, pointing ant that aircraft man- 
ufacturing is highly cyclical, said Boe- 
ing’s acquisition of a major defease con- 
tractor would enable it to weather troughs 
in its civilian business. Airbus Industrie, 
the European consortium dial is Boeing’s 

only rival for planes largo- than 100 seats, 
has no such cushion. 

Ministers from the four countries in 
the consortium — France, Germany, 
Britain and Spain — met at the Paris Air 
Show on Monday to discuss future 
aerospace cooperation. 

The ministers called for a stricter ap- 
plication of the 1 992 agreement between 
die European Union and the United 
States governing subsidies in the aircraft 

industry. The agreement limited indirect 
subsidies, including research grants, to 3 
percent of a manufacturer's revenue. 

“We want the 1992 agreement to be 
implemented without omissions or dis- 
tortions,” said Guenter Rexrodt, Ger- 
many’s economy minister. 

European aerospace officials say the 
1 992 agreement could work against Air- 
bus as it seeks funding to build a 550- 
seat supeijumbo jet to break Boeing's 

monopoly on aircraft with more than 
400 seats. 

Jean Pierson, the president of Airbus, 
said earlier that development costs for 
the plane, the A3XX could top $9 bil- 
lion. But the 1992 agreement limits the 
amount of aid that governments can 
provide for new aircraft to 33 percent of 
the total cost. This would make it im- 
perative for Airbus to seek partnerships 
to develop and build the plane. 

Mr. Pierson has accused Boeing of 
trying to destroy Airbus with the com- 
plicity of the United States. 

His opposite number at Boeing’s 
commercial aircraft group, Ron Wood- 
ard, replied by saying that trade friction 
between America and Europe could end 
up hurting many people on both sides. 
He pointed out that Boeing had long- 
standing contracts with hundreds of 
European suppliers. 

Thinking Ahead /Commentary 

[What the Bear Can Bring to the Table 

By Reginald Dale 

International Herald Tribune 

ft 8W * MaarMf v ’ • ' - - ■ ■ 

VMH. ijt. Ax aTW 

- - >i- - it - h • . I'-t 


ASHINGTON — President Boris Yeltsin of 
Russia might unwittingly do the leaders of the 
Group of Seven industrial nations a big favor 
. .. by attending their annual sunmit meeting this 
- week in Denver. The brat contribution Mr. Yeltsin could 
£make to the proceedings — simply by being there — would 
rhe to spur the leaders of die West and Japan to re-examine 
* the purpose of these increasingly sterile and pretentious 
ainy rituals. 

Mr, Yeltsin has attended parts, of G-7 summit sessions 
!- before. But this time he will participate in so much of the 
meeting that President Bill Clinton has dubbed it the 
S ummi t of die Eight — even though the Group of Seven, 
composed of Britain, C an ad a , Fiance, Germany, Italy, 
Japan and the United States, continues to exist. 

The problem is that the G-7 members seem to have given 
little thought to the big changes that Russia’s inclusion will 
r> inevitably make to their cozy club and to fee consequences 
’ for the future of top-level decision-ma k i n g by fee west and 
' Japan. 

It is not as if fee existing members had got together and 
decided that Mr. Yeltsin’s greater participation would 
make their talks more relevant and productive. 

On fee contrary, Russia's presence is superfluous during 
most G-7 discussions — for example; on exchange rates or 
international trade policy — and in some areas, such as 
' Western and Japanese strategy toward China and Iran, it is 
Hkely to be positively harmful 
. The Russian nhair has been added because fee leading 
f Western nations felt that a seat at the G-7 top table was a 
price worth paying to promote democracy in Russia and to 
.'help buy Mr. Yeltsin’s grudging support for fee eastward 
L expansion of fee North Atlantic Treaty Organization. 

I it is a card they may crane to regret playing so early m 
Russia’s still unc ertain progress toward free-market de- 
mocracy — especially if Mr. Y eltsin were to be followed by 

a Russian leader much less sympathetic to the West 

Even a friendly Russian leader such as Mr. Yeltsin is 
clearly fee odd man in this company. Russia meets neither 
fee economic nor fee political qualifications for G-7 mem- 

The annual summit meetings are intended to allow 
leaders of tike-minded industrial democracies to talk in- 
formally about world economic, social and political prob- 
lems and work out a common approach among friends. The 
G-7 countries are linked by a network of similar values and 
global interests, and close economic, commercial and fi- 
nancial bonds, to which Russia does not belong. 

It is pointless to denounce fee existing club as “un- 
representative” of fee world at large, as some critics do. 
The G-7 was never meant to be a fledgling world gov- 

If other emerging powers, such as China, India or Brazil, 
were one day admitted to the summit meetings, something 
like fee G-7 would still have to exist to permit the West and 
Japan to coordinate their policies. 

The G-7's problems lie elsewhere. The annual summit 
meetings have lost their sense of direction. They have 
become over-rehearsed photo opportunities that are lam- 
entably failing to tackle fee pressing issues of a world 
undergoing fee biggest changes since the Industrial Rev- 

Those issues include .how to deal with mounting op- 
position to free trade in most of fee advanced industrial 
countries and wife fee potentially disruptive political re- 
actions to globalization. 

In Denver, the leaders should be trying to narrow their 
differences over fee future economic and political map of 
Europe, policy toward China, economic sanctions aga i ns t 
“rogue states” and Europe's planned common currency, 
fee euro. 

But they should also by to find a way to imbue their 
future meetings wife a sense of inspirational leadership, 
rather than fee atmosphere of a traveling circus — and they 
urgently need to figure out how to handle Mr. Yeltsin. 




Cross Rates 

June 16 




MnurtM — 
5* uc 

W|».- IU» 





too — 

__ tjbjs 
BUM tun 

2X&JB «LH 


UK 33ZS7 

l»fi All 

u m urn 

tm ana 

a m unr 

FJF. I* 

eras uut* 

tm wer 

Iffl tun* 

« » me 

am mi* 
mjo — 


— urn* 
ts* uh 
ohm am* 

OHS eflff* 

oast man 

aim MM 

on if 

— MSB' 

iua — 
tm uas' 

uie susa 


OKU «I7 
360S5 . <U» 
•JIM 03V' 
23ns asm 










- im 



Yta O 
w US 

uur 2s* 

ism* 13579 
HUB 2201 


liM U3MS 

&nr urn 

— ms 

IJM * — 

law* urn 

12MB ura 
man iju 



i mt 





14 an 

Ubld-Ubor Rates June 18 

Mb Frend 

tutor MMi Fame Stmaog Franc Yen ECU 

1-nXHlfo SVa-SYs 2V»-3V* ll»-» to-M PA-2* VS-W 4-4W 

34H0lti SW-JM Wfc-3% Ufa-1** 6W-6U 3Vta-3ft 4-414 

(Unortfi $r*-sv» 3-314 1VW-1*» OTta-W* 316-3** lht-Wn 4Hi-4% 

1-jW 3SK-3W Ufc-m 3U-3Mr •W-H 4H-4M 

of a mmn mMmvm (oraquhnstenO. . 


-V ■ 

ClW Dollar Values 

Pits Oarmat 

sfirnasm Mm SMtaame 
1 am HNfKtos 

12J7L . Hw.hriBt 
Kill Ml 1 12747 ‘ . Mn'lWM 
rnmnism 1323 lnAiM 

3 W. 

IMN ««» M»«a. 

13RSZ. ..HM*ur 
54795 Motaf-rtf* 











c wwr 
Mm. paw 
Kora. MM 

Wi MW4" 











SJMr.RM 4490 
5, Mr. wm 88190 
SMd.MM 7J472 
ltail 2751 

7UM 2445 
IMMM 144215. 

UAEMm 34705 


Key Money Rates 

UnlMStrtBt CtoM 

Uscaimlnito ^ 

Pri«e rate ojj 

r«0»ra U «Mb 

tmeCWMB ^ 

MMwCPOMfen 5^ 

3NttTrtMBnroa . fo 



7^wTMMWywX» 432 


NtaffH Unco SfrdayM 105 

i aSE 

M « n > 

1-om OMIA i 









imr aumt nm mw 

14355 * 14343 14330 1 * —" M 

13730 13727 U»» MbOpmc : 

13261 U2Z3 13TM 

11205 1)255 11204 

14350 14304 14252 

Sw» MO Book CAasutdouX 

OB0 MW . / 
l-nan kUHtank 

3-nrilfe WlftHMft 


































Bank bait rate 

1 amlh 

IHHm RiiaiMA 


4—tti i B kn M 


m to 
Afe . «M 
to ■ 6U 
6*1 6Mi 
6M 6M 
7-01 755 

3-10 110 

3V» 3H 
3Uf . '316 
3V» 3 Yt 

3M- 3% 
545' 545 


6-amHi takrtnk 



AM. PM. CVgt 

34045 34150 —035 

34045 34140 -0.10 

MniYarit 34340 34450 +1J0 



Saonx Kudos. 


We’re not just on the map. 
We’re all over it 

It’s not only our vast worldwide 
network that keeps us at your 
side at all times. 

It’s our total commitment to serving 
your unique demands, wherever 
you may be. 

From the time we opened our 
first office in Switzerland in 1876, 
Credit Lyonnais has earned an 
enviable reputation for Private 
Banking based on dialogue and 
personal relationships. 

The founder of Credit Lyonnais, 
Henri Germain, expressed it most 
succinctly when he created the 
bank's motto: 

'Business is people, not just 

This has been the very essence 
of our banking philosophy from 
generation to generation. 

We listen well to our clients' pri- 
orities as we help them navigate 
diverse and fast-changing finan- 
cial markets. Perhaps that is why 
today we manage more than 
9 million private accounts. And 
why we are often cited as a world 
reference bank for the private 

But there is yet another dimen- 
sion to a successful banking 

Your banker must make 
sure you get where 
you want to go. 
Providing innovative 
solutions and insight- 
ful answers through 
indepth resources and 
experience .in the 
world’s leading mar- 

Our Geneva subsidiary, specialized 
In Private Banking since 187B. 

Credit Lyonnais' Private Banking 
network can always put the finan- 
cial technology and expertise you 
need at your finger tips. Precisely 
when you need it 
The combined strength of these 
two dimensions - close, trusting 
partnerships and vast global 
resources - creates something 
unique in Credit Lyonnais Private 

Let’s talk. 


Priwte Banking Network: 

Switzerland: Geneva tel 41 22/705 66 66 - Headquarters pgr Credit Lvowais Interkational Private Banking . 
Basle tel. 41 61/284 22 22 -Zurich tel. 41 1/217 86 86 -Lugano tel. 41 91/923 51 65 
PARIS tel 33 1/42 95 03 05 -Luxembourg tel 352/476 831 442 ‘London tel 44 171/499 91 46 
Monaco tel 377/93 15 73 34 -Vienna tel 43 1/531 50 120 • Montevideo tel 598 2/95 08 67 • Miami tel 1 305/375 78 14 
Hcwa Kong tel. 852/28 022S 88 • Singapore tel. 65/5359477 


PAGE 16 



■v v -MKf 

30-Year T-Bond Yield 


— > fcffl 

Pared-Down PCs Unveiled 

-S 130 

J F M A M J 


1 J F M A M J 


sfea bss sU 

Ca**dbyOwSmSfnmDbpaB*a ■ 

NEW YORK — Major com- 
puter companies rolled out pared- 
down business machines Monday 
that cost as little as $ 1,000 and are 
cheaper to mm'nfain thaq tradition - 
al desktops. 

The machines run chi Intel Corp. 
chips and Microsoft Corp. oper- 
ating software, as do most per- 
sonal computers. But they are less 
expensive than PCs because they 
would download software from a 
central mainframe machine in- 
stead of requiring each PC's bard 
drive to be periodically updated 
with new software. 

Called the NetPC, the machines 
were displayed by 11 PC makers, 
including Compaq Computer 
Corp., International Business Ma- 
chines Corp., Hewlett-Packard 
Co. and Dell Computer Carp. 

The NetPC is a response to the 
network computer, or NC, which 
has been championed by Sun Mi- 

crosystems Inc., Oracle Corp. and 
IBM. The NetPC, which runs Mi- 
crosoft’s Windows, requires no in- 
vestment in new software, unlike 
the NC, although the ultimate sav- 
ings might be less. 

Decrying the cost and complex- 
ity of the personal computer, pro- 
moters of the NC, including 
Lawrence Ellison and Scott 
McNeaiy, rite chief executives of 
Oracle and Sun, have been of- 
fering it as a low-cost alternative 
that acts as a portal into the cor- 
porate computer network. 

The NC also has the added at- 
traction to Sun, Oracle and IBM of 
being able to use a variety of dif- 

ferent microprocessors and oper- 
ating software, thereby challen- 

adng software, thereby challen- 
ging the In tel -Microsoft duopoly. 

Intel and Microsoft at fust dis- 
missed the NC, but after many of 
their business customers were at- 
tracted by the potential savings, 
they decided to try to divert in- 

terest away from it by coming up 
with a rival product 

Corporate buyers have long 
complained about the high costs 
associated with managing large 
numbers of personal computers. 
Expensive staffs are needed to an- 
swer questions and untangle hard- 
ware and software conflicts. 

“The flexibility of the PC to be 
almost anything is what has helped 
make it so popular/* said Greg 
Blamik, a vice president at Zona 
Research in Redwood City, Cali- 
fornia. “However, there is a curse 
associated with that flexibility, 
and that is that there are almost no 
two PCs that are alike in any or- 

The NetPC, -like the PCs sold 
today, has a hard-disk drive, 
memory and an Intel chip.bDtit is 

Consumer Companies j, 
Temper Stock Rally j 

• ’ J 

cmMhgomsuffFnmDnpiMAa fee-quarter that ended May 31. { 

NEW YORK — Stocks were One of the biggest dechnen od 
lower Monday, pausing after a six- the day was Fife Holding, ah 
day record run, as declines at cod- maker of arhleticckrtbes and shoes] 
sumer-DTodncts companies The company sees second-quata! 

missing floppy and compact disk 
drives to add software, and ex- 
pansion slots to add hardware peri- 
pherals. (AP, NYT) 

Source: Bloomberg, Reuters 

Jniemjiiofiii'Ffcnld 1 

Very briefly: 

Genesis Buys Nursing-Home Chain 

• McLeodUSA Inc. said it would buy Consolidated Com- 
munications Inc. for $420 million. Consolidated sharehold- 
ers would receive 8.49 million shares of McLeodUSA stock 
and $155 million in cash. McLeod, a telecommunications 
concern, also would assume Consolidated's $60 million of 
long-term debt. 

• BT Industries AB will acquire Raymond Corp. for $33 a 
share, or about $353 million, as the Swedish company expands 
its global materials-bandling equipment business. 

• Kmart Corp. said it sold its 123-store Kmart Panada Co. 
unit for 185 million Canadian dollars ($134 million) to a group 
of investors as part of a strategy to focus on its core U.S. 
department-store business. 

• CKE Restaurants Inc said it would offer 8 J million 
common shares to pay for its $327 million acquisition of 
Hardee's Food Systems Inc. 

CarfeUbt Oar Swff Foot DbpaB b ts 

HACKENSACK, New Jersey -— 
Genesis Health Ventures Inc. 
teamed up with two investor groups 

area from New Hampshire to the 
District of Columbia. Genesis and 
its partners will assume $342 mil- 
lion of debt, and Genesis will run 

Monday to buy Molticare Cos., a Mnlticare’s 155 facilities in addi- 
nursing- borne chain, for $1 .4 billion tion to the ISO that it already owns. 

in cash and assumed debt 
Genesis, which provides health- 

care services for the elderly, was 25 cents, to ! 

Multicare shares closed Monday 
at $26,875, up $1.25; Genesis rose 

joined by the investment funds The transaction comes amid a 

Cypress Group and Texas Pacific '-consolidation in the nursing-home 

Group in making the bid. 

The agreement, valued at $28 a 
share to Multicare stockholders, 
bolsters Genesis in the northeastern 
United States, as it focuses oh an 

industry. Last month, GranCare Inc. 

of America Inc. in a $1.7 billion 

Genesis Health Ventures consol- 

idated its businesses under the brand 
name Genesis ElderCare last year. It 
has established Genesis ElderCare 
Networks in four regional markets 
in the Eastern United States and 
servesm ore than 100 , 000 customers 

Genesis also said it would sign a 
contract to manage Multicare’s op- 
erations few an annual feeof 6 percent 
of total revenue. All Multicare ser- 
vices and products will come under 
die Genesis ElderCare banner, and 
Genesis will acquire Multicare’s re- 
habilitation therapy business. 

(Bloomberg. AP) 

CempBedhtOfr Staff Fam Dupnba 

NEW YORK — Stocks were 
lower Monday, pausing after a six- 
day record run, as declines at con- 
sumer-products co mp an ie s 

tempered optimism that second- 
quarter profits would exceed expec- 

“Investors are a little nervous 
wife a market feat’s just gone up so 
much, so fast,” said Arthur Stock- 
ton, chief executive of Stockton 
Trust “But who can argue with the 
fundamentals of low interest rates 
and inflation ? 11 

The Dow Jones industrial aver- 
age finished 9.95 points lower at 
7,772.09. On Friday the Dow 
closed at a record 7,782X14. 

The Standard & Poor’s 500- 
stock index rose 0.66 point to 
893.93, and the Nasdaq Composite- 
Index rose 8.99 to 1 ,432.02- 

U.S. bonds rose amid expectations 
that reports Tuesday on consumer 
prices and housing construction will 
provide more evidence of slowing 
growth and quiescent inflation. 

Tire benchmark 30-year Treas- 
ury bond gained 13/32. to 99 6/32, 
taking the yield down to 6.69 per- 
cent from 6.72 percent on Friday. 

The decline in yields helped bank 
shares gain. 

Gillette fell VA to 96% on con- 
cern that second-quarter sales could 
lag expectations. Other decliners in- 
cluded Procter & Gamble, which 
fell 136 to 14116. Investors put a 
high value on steady-earning con- 
sumer product companies when fee 
economy is expected to slowdown. 

Intel gainea 216 to I47I4, and 
Texas Instruments rose 3 to 8716 as 
did other semiconductor makers rose 
before Micron Technology’s third- 
quarter earnings repeat, which is ex- 
pected to show that profit climbed in 


Ik. Tub f 




earnings falling below analysts* ts-, 
timates, hurt by declining sales and 
the cancellation of U.S. orden] 
Fife's American depositary recenrt 
feD 416 to 32%. ] 

AlliedSignal rose % to 8214 afW 
its aerospace unit on orders valued^ 
a total or $543 million for aerospawl 
components at the Paris Air Shew. ; 

(Bloomberg, AP\ 

■ Dollar Heads Lower ! 


"***■-' .. 

The dollar fell against the yen 
amid concern that Japan's growing 
trade surplus would take center stagd 
at the meeting of the Group of Seven 
industrialized nations this week in 
Denver, Bloomberg News reported- 
The dollar was also down against 
the Demsche mark as European lead- 
ers arrived at an agreement designed 
to ensure that Europe’s planned 
single currency will be stable. 

The dollar was at 1 1 3.450 yen in 
4 P.M. trading, down from 1 14.80$ 
on Friday, and al 1.7320 Deutsche 
marks, off from 1.7365 DM. The 
U.S. currency also fell to 1.442$ 
Swiss francs from 1.4429 franed 
and to 5.8395 French francs fromj 
5.8680 francs. The pound was at 
$1.6375, up from $1.6370. | 

U.S. Treasury Secretary Robert 
Rubin said G-7 leaders would dis-* 
cuss ways to promote economic! 
growth and financial stabUny 
around the world — especially in 
Japan, where he said continued ex-j 

*4 * -ri- nff 

Mr ■ tummmm 


rSag.' - 

* -Sr **■!&#'* 



■■ ~ -y tii* j jri ifc 

*-!* fafV 

‘ S3wr=w r Bafe 

i'-KW* id# (|| 

-v M i 

.A***t5i 'Wr . *•* 

port-led growth could pose probj 
lems for the world economy. > 

• Keycorp agreed to acquire Champion Mortgage Holdings 
Corp., a company specializing in home loans for people with 
bad credit, for $200 million in Stock. Bloomberg. Reuters 

COMPAQ: Personal- Computer Maker Hopes to Fend Off Mounting Threat From Dell and Gateway 

Continued from Page 15 who sell its computers. Be ginning computers they already bold. If the 

with its new line of desktop PCs, older machines still do not sell, Com- 
acother wave of market-share con- which will be introduced this mouth, paq is obliged to take them back, 
solidation,’’ Don Young, an analyst Compaq intends to build machines Now, Compaq will guarantee the 
at Prudential Securities, said in a only as customers order them. The prices ofa dealer’s inventory for only 

idea is to eliminate the thousands of two weeks and will not rake back any 
computers held in inventory by dis- computers unless they simply do not 
tributors around the world. weak. As dealers work down their 

By tradition, Compaq and other warehouse stockpiles, Compaq 

Weekend Box Office 

The Associated Press 

LOS ANGELES — “Speed 2: Cruise Control ' 1 dominated 
the U.S. box office over the weekend, with a gross of $162 
million. Following are the Top 10 moneymakers, based on 
Friday’s ticket sales and estimated sales for Saturday and 

at Prudential Securities, said in a 
report this month: 

But that assumes Compaq will be 
successful. If Mr. Pfeiffer has 

(Spent 2: Cruise Control 
7. Con Air 

X The Last IMrti Jurassic Part. 

4. Addicted to Low 

5. Austin Pmren 

6 . Buddy 

7. Gone Flailin' 

X The Fifth Element 
V. Trial and Error 
10. Breakdown 

a m**>CB*uirFad 
(Touchstone Heines! 

{Warner Brat.) 

(New Dae Cinema) 
l&n Henson Pictures) 
(HoUvwood Pictures) 
(CottmMo Pictures) 
(New Une Cinema) 

S 1&2 ltd lion 

S 12 mHBon 
52.1 million 
31.9 mllBon 



successful. If Mr. Pfeiffer has tributors around the world, 
charted fee wrong coarse, or even if By tradition, Compaq and other 

he is right and the company cannot computer makers that use the dealer 
move nimbly enough, then Compaq network are obliged to guarantee 
could stumble as badly as it did those inventories against price 
under his predecessor. changes. When die cost of memory. 

The heart of Compaq’s plan re- chips or other components drc»s, as it 
quires radically altering fee com- often does in the rapidly changing PC 
pany’s relations wife the tens of business, Compaq must reimburse its 
thousands of large and small dealers dealers for the {nice reductions on the 

computer makers that use the dealer hopes by year-end to have a lean two 
network are obliged to guarantiee weeks' worth of dealer inventory 

such costs because they deliver di- 
rectly to customer without going 
through third parties. As a result, their 
prices are in many cases 1 0 percent to 
15 percent lower than those of Com- 
paq, IBM, Hewlett-Packard and oth- 
er companies that rely on dealers. 

That may help explain why Dell 
has been growing so rapidly that last 

Hewlett-Packard’s desktop PCs. “ii, 
someone is able to sell a product that 

is essentially a commodity for IQ 
percent cheaper than yours, then voii 

percent cheaper than yours, then you 
have a problem." ) 

Compaq says it will use the) 
money it saves from its new dis-i 
in bu tion plan to reduce prices. It 
also intends to hire thousands more 

across its entire product line. fourth. (Gateway ranks 11th.) At 

Earl Mason, Compaq’s chief fi- current growth rates, Dell's sales 
nantial officer, said the measures would exceed Compaq's by 2001, 
would enable Compaq to save $1 according to Mr. Young . 
billion or more a year. “Let’s face it,’’ said Emilio Ghil- 

DeD and Gateway do not have ardi, fee marketing manager , for 

year alone it was able to shoot from employees to give customers more 
eighth place in the PC industry to direct attention from Compaq per-? 

fourth. (Gateway ranks 11th.) At sonnel — something its corporate 
current growth rates, Dell’s sales buyers have long requested. 

- -t^grr : 3 


,f7. .i-i jutesSsT 

*--*»? € .’ EM ' Aj Si 

•* Am-s *iaa»4M!ffe 

. iieiderJS*:;. 

ftr,-. 4* art 

J** ; pKri* 

•'‘•■‘■y C a feac? zzr 

thsrr vrsr l*.t «rr. 

Compaq’s plans have alarmed 
some dealers, who feared feat the 
company was now abandoning 

i'« k m utkins 




Monday’s 4 P.M. Close 

Die top 300 most adtve shares 
up to the ckBiig on Wan Street. 
77* Associated Press 

ym u*si or* Indexes 

Safe Hip Low LM Ol^F 

rt* n 

IM l» 
7V» ? 

1«W IRk 
W TV. 
m> im 
IM H> 
UT. Tilk 
!»W 3M 

In. io 

5w» nt 

5% SOW 
i 5M 
% % 
mw in 
» Jv» 


»v> im, 
nw. 11 U 
n it. 
JVk 211 
IW* IS*. 

su » 

sn 5» 
1M IW 
17*. IT* 
re j» 

» -v. 


cm -Xm 


Daw Jones 

Most Actives 


Junelfif 1997 

HMh Law Luted Qigo Opint 

Wgh Law Latod Oiga OpM 

High Low Latest 019 a OpSl 

** » 

S w x.’m 

Indus 7771UE3 JTVSU 77SL0S TTT2JS -955 
Trans 77AI5 274t7l m*M 27ttl* 

♦5 z* ^ 2 ^ 1 m&s is ssn 

jih Standard & Poors 

lot. 10 
9 a* 
re » 

7*1 T* 
I* I*, 
in t<% 
ifc 1 ** 
tv. ] 
IWm ire 
uni 116 
ire im 

BT*. 2S>. 
m x 

M IS* 
* W« 
1WI 1* 
5*k n 

re ore 
are m 
m ire 
ire m 
* H 
M I 
» 1IV> 

aw Tiw 
lire 11*1 
iw ire 
in zn 
II 17*1 
» lire 
»W «! 
» » 
ure lire 
ire 9 tw 
it*, lire 
ire re 
are aw 
re 7V, 

lire on 
ire ire 
wre wre 

11 t*m 
ire -re 
1 * 

rew -re 







—105054 1051J4 

— 63TJ8 62855 

— 19656 19651 

— 10248 10270 

— 89227 893.93 

— 869514 87240 

ret. m*k 
■1877 47W 
51400 3M 
4KB7 IflSW 
3S*ra 33 
34901 MM 
34717 43W 

S 4 39 
7 J#rt 
29741 43W 
79530 3116 
•ffiP 66* 
2804 77* 
26758 63* 
26661 90 
24763 3ZH 

Won Lour Latest dtge OpM 


54MD pu mMnHim- amts par busM 




Jut 97 




— 3 



Sep 97 






DOC 97 


2 m 


—5ft 11X717 











May* Ml 







+ ft 










Ett. sates NA 

Fr7s. sates 41657 


>477 76.00 7655 *IU5 1S872 

SeoV) 8020 7840 7»4B +080 1040 

Nov 77 BUD 8150 BUS +07S <U06 

Jon 98 85-50 0445 8470 +070 1413 

Est.sdas NLA. FfT-LSlrtBS 4J41 
FfTsupenift 3097 up 740 

RTsapenM 273X51 OH SB 

% * 

M +4 


jiw -w 
ire -re 
re +v» 

Cmpaslto 46675 van 465.01 -014 

IfWuSlrioK 589JW SOM JWLID -0-5 

Timap. 4142 ill jo mm -1-12 

WKT 2*5577 mm 284Jp -140 

Fteanat 427J6 Sic mZs +0J3 

zn *0 

T 3 

t* -re 




w -re 

irre -re 

1420» 43UO +9 JO 
l.«fi 153-71 -571 

54JJ0 55025 +536 

ret w 
94981 S3 

I! 142 

am iSti 
42009 re 
5883? 4* 
51191 115W 
50984 ill M 
473M MSI 
49994 45*k 

IW4 Ut 

Ul!» usre 


MB was- «Mtan p*r Ian 

Juf 97 28040 27480 27640 -4.70 34JS4 

AW 97 25480 2SL80 251.9D -5A> (7JH9 

Sep 97 23600 23120 23340 -itO 12JS4 

Oct 97 22480 22170 VIX -440 13,154 

DCC97 21780 2U7D 213JD —OH 203S1 
inn 21100 21080 71150 -480 2495 
Esi.soie* NA W\50iei 34J» 
FSTsooenM 112 JOB 0B 3199 


MO troy ox^ aollfin portray m. 

JW197 342.90 34180 34280 +280 
Jut 97 3417$ +170 

Aug 97 34580 342.90 34LB0 +1J0 

Otf 97 347 JO 34400 347 JO +170 

Dec 97 35020 30.10 34980 +170 

Feb 98 3S2jSJ +170 

Apr 98 35480 +1J8 

JUn 98 357 JO +1J0 

Awfl 98 3S7JO +U0 

ea.sutes ha. fi9s.»Jb iur 

Frriouenint T 64.712 up 1399 


DM 2 saooo - pis anoojpcr 

Sm>97 10187 W144 Ml 71 +0.14 26U97 
Dec 97 10082 10082 10076 +014 1.901 

EBtsuteK 13M99. Prav. sates: 233,908 
Pn«. span Int: 260298 up 14,927 


Jim 97 13174 13044 13098 + 038 2M75 
tap 97 129-52 12874 12970 + 028 197^88 
Doc 97 98.14 9780 9012 + 020 1.175 

Est. inks: 199,950 
Open Inti 236,938 up 114144. 


Mar 98 93.93 9387 93.91 +004 eUOt 

Jon 99 WB 93.W ««.M +006 2M» 

Sep 90 9486 9190 9485 +007 IA0TJ 

Dec 98 9487 9484 9484 +008 4892 

Mar 99 9486 9401 9485 +008 4732 

Esl sales: 51,142. Piev. Wtes: 81.162 
Pipe, open bit.- 32«8I1 o« 7AO 

.j-. j •. 

'*>•.’+ ,«i-f. re 

-w gut SB? »' 


m. 200 eiBlon - pis ofiao pd 

Sap 97 13229 13146 till +039 82812 

Due 97 N.T. N.T. 10580 +024 0*912 

Est. sates: 50874. Pleu. sates: 71815 

P«W. open InL 82.912 off 1857 


si mMan-ms of 100 pa. 

Jun97 9422 9421 -081 339 JSB 

M 97 9423 9471 9122 25.9B2 

Aug 97 9120 9118 M.I9 7888 

Sep 97 9116 9113 M.I5 +081 530478 



53938 IPS 

63022 427.09 62026 -184 


49200 Ins- cents per b 

JUI97 ZL45 2380 2113 -020 

AM 97 2375 233 ZU5 -020 

SOP 97 2381 2340 2385 -015 

Od97 2169 ZUO 23.63 -020 

Dec 97 2197 73.7a 2383 -025 

Jdn 90 2480 73.95 ZL95 -027 

Estates NA Firs. soles 11882 
Ftf'sepenW 110442 OR 437 

2 re 2 *. 
34% a 
an an 
1 re 
Tit. 7M 

jjw ore 
W: au 
tr-* zre 
»■ re 
Pre v% 
4U Oa 
77V. asm, 

ire ire 
Bte n»* 
tore nre 
lire nw 
in. it,. 

6*« tte 

v- 6*t 

t. ire 

176* 115a 

ire 4 
2 te ire 
m» ire 

I te 
ire re 
i*re ire 
1 ;* ink 

re re 
sre n 
m ire 
7216 lire 
tire 11 
7 Ms 

re re 

Tte in 
lire u 
«re «h 
71* 2te 
22h 21H 

Tte 6re 

II Ik 
re re 

4VI Wl 

reh re 
22 ire 
nte im* 
iite 21 

i7i» ire 

IH 4 

-re Dow Jones Bond 

im re 
ire re 
j7iw »n 

20 Bonds 
10 Industrials 

1(084 102.93 

9985 100.14 

10584 105.71 

3690 2SH 

38 % 

6V. ire -re 

m m -re 

« *+5 
IS % * 

. 20 2SH ♦» 


M00PU iwteOwutn- Wti pw tenet 
Jl497 854% SM B30H -14 

Auo97 7BW4 773 713* —17 

S»97 708 700 70014 -IM 

Now 77 *7315 667 644 -7% 

Jon 98 470 464 64715 —8 

ESI. Sites NA Ftrs-sfes 76832 
Fri*s open at 158820 cfl 1200 


2 S 4 M 0 B»- cents per re 
JW197 12280 12050 12200 +1J5 

Jill 97 1 27 JO 13070 I71M +14) 

Aug 77 121U5 11980 12080 +1.40 

Sap 77 117 JO HUB 117J0 +140 

Oct 97 1178) +1.40 

Noe 97 11580 +180 

Dec 97 11450 11128 11450 +189 

JW198 112-30 +1J0 

Fell 98 110LH +150 

Estates .NA Frfs.ates 12813 
Fit’s often irl 58544 off 1159 


9M0O IAS.- cm per b 

-W97 7380 72.15 7284 —0.91 22813 


OecW 76» 7480 7193 -189 338B 

McrW 7780 76.17 76.17 -091 5851 

Mav98 7785 7487 7687 — 0JB 1,13 

a. sales .NA Frr*. sates 10897 
FfYsapanim 7X604 oR 996 

* ** te «■ • 

- ■ ’ *•. MW H 

- « .. w: ,a«2 re.». 

-- -real a , ‘ *r +j. .“ \ 

SLOT +J t 

%■ suit — *'•:«? 

m- ii V. 

Dec 97 9X98 9X95 ffl.97 427,169 

Nterte 9X90 9X88 9X90 + 081 287834 

Jun98 9X79 9X76 93JB +082 264^ 

Sep 9* 9X49 9386 9388 +002 TM8B2 

Die 98 9158 9X56 9157 + 002 13XJ»1 

Mar 99 9157 9151 J1S +082 101891 

Jtel99 053 9X3 9X51 +002 l&AB 

Sep 99 9149 VIM 9147 +WH 73817 

BLKteS.NA Frfs. sales 535802 
FrYsaoenH# 387X995 up 10118 

+082 13LTO 
+081 101891 
+083 85835 

lire -re 
£ ■* 
14H *re 

*■*. -re 

nre -ire 
m +re 

if* -re 

h +re 


7H -• 

17*1 •« 

sen +vi 
7iH +re 
wn «n 

Trading Activity 


1574 less 

1753 1964 

1 V 

a » 


SOOO Du mWmum- cm ner buAd 
All 77 349V, 342K 304* -9* 36887 

Sap 97 361 350 3SM — MV> 2S843 

Dec 97 373 343 36375 —10 17803 

MtrVS 373 36855 349 -10 2^ 

Ed. sales NA FiTs. sites 22823 
Fffsupenlf* 81988 up 351 


U00 troy ac-cem per inn/oz. 

Jtel97 467 JO +180 2 

JuJ97 47080 40JO 468J0 +1J0 45802 

Sep 97 0580 47250 47380 tlJO 3X744 

Doc 97 *258 mm MIX +1JB J8Z3 

Jl»l98 48220 +1JO 17 

Utarffi 48X50 40450 4080 +120 8845 

May 90 491.10 +320 2812 

-MW 49X20 +1J3S Z8M 

Esl sates NA Frfs.sdtes 17800 
FfTsapenM SS8* up 2125 

Market Sales 


IIP* Wl 
te re 
■re re 

il |7« 

ire ire 

24V, ZPn 
9te n 
JS«« tse 

im -nw 

nw nw 

12 12te 
2*W 2h 
ISte I4W 
ire itre 
im n 
U I5W 
Jte 3re 
14 IP* 

re 9i. 

ere sre 



15W IS: 

Uh 14W 
UK, 20* 

is im 

7*> 74 

2 ire 

54"** s*te 

64G MU 

21ta N« 

**k lb 

9Vk I* 
ii m 
15U m 
iite ii* 

74 ire 
M Ste 
n* ure 
ire lire 

7h Mi 

4S 4V» 

ire ire 

IJre J2!. 

iv ire 


pre wv, 
xrre jh, 

11 ire 
ire re 

mu vre 
re re 
■i ire 

»> 4*i 

Jil IV 
5 4te 
24M » 

m Ire 

»« re 

> ere 
s\ » 
4*e 4M 
te * 
4 2n 
ire ,»» 
are 25M 
I7te u 
i re 
274 mi 

t:i ire 


lire 2 i 

Site SOte 

12 Ute 
ire ire 
sre rre 

im lore 
un we 
nv hu 
ire >v+ 
7 IN 
IN Ite 
re re 
lie 7re 
40M 40* 

5H sre 
n i»re 
itw in 

2lte 77M 
Mu nre 
7* re 
W» IM 
uu lire 
lew im 
2SM 2Ste 

ire iv 
ire l 

m lore 
su at 
9h IM 
UM 12M 
» Ste 
lore i /re 
41A 4M 




24W (te 

» +2 


lire -re 

4j +re 
IM -H 
2ft +M 
15. ■* 

171* «I 

11W +» 

1» -M 

W» -W 
IM »W 
» +*• 
Wl -N 
b +re 
m -re 
ow +re 
swi -re 
ww +w 
i as ** 

2H* -te 





Titer Pm. 

Ifl on. 

419.10 69687 

16.97 2784 

46084 — 59387 


40AM t*.- cenre per fc. 

An 97 6X0 6X20 45L3B +0.12 

A400 6487 4435 6477 +050 

Oct 77 087 0.10 082 +0.10 

Dec 97 7X47 69.92 70JS +025 

Fed 98 71-35 ?eas 71.12 +ai7 

Apr 70 7X02 7280 7195 +025 

Ed. sites 1X330 M's. sales 15891 
FtrsmnM 9689 off 03 



817 42986 41X80 42190 -X40 11893 

Oct 97 «X80 37680 4K9B -X* 48* 

Jtn9B mm 37X00 396.90 -180 1837 

EslscSe* NA Frr s. sates 4549 

FtfsopenM 19831 OR 211 



Atomhmni (HM Grade) 

Spot 1556.8B 155780 156616 156715 

Forwunl 150X00 150400 159380 1593W 

capper Canwdes (HU Grate) 

Spot 7477 00 268080 270X00 270500 

Reward 250780 258X00 260080 360180 


Company Par Aab 



Per Ant Rec Pay 




Fidel CtuMtess 
FhM Equilnca 
Rdd EquIPart B 
Fidel GnrtJnco 
NCE Petrofund 

8-1 9-1 
6*13 6-16 
4-13 6-14 
6-13 6-14 
6-13 6-16 
6-13 6-16 
6-13 6-16 
6-11 6-16 
6-18 6-3D 

HeaMiPtai 5*cs - .125 6-27 7-14 

Tusavorafncn - .10 6-33 7-3 


ApooAnwNtea 0 .1625 7-4 7-IB 

Cedar fair LP. 0 825 7-3 8-15 

Conlnd Pmtkig Q 8225 6-30 7-11 


STB Systems 3 for 2 split. 

Cedar fair LP. 
CtnJni Parking 
Fhfcr Ad* Eqlncol 
Fidel Ad* Gr 
Fideflry Fund 
Rdol Pnrilan 
Mmpare J adiplA 
Mytoi Labs 


Aabo ■>*.- «r per to. 
fiuaVf n*S 7X00 7X7S +047 

Sep 97 7X35 7785 7835 +085 

Oct 97 7880 77.90 7X0 +087 

Now 97 7985 rm 7985 +030 

Jai90 1950 7935 7980 +030 

Ma-91 7t» 7B75 HM +155 

Est. ate* 3J51 Frfa. setae XT C 
FrfsoOMM 19832 off 11 

Spot £1080 61180 62180 

nrawd 62380 62400 63180 

Soot 716080 717080 723100 
Reread 727080 727380 725580 


Spot 551080 5520.00 558580 
Fomanl 559180 556080 562080 


62800 pound*. 6 per pond 
JU197 18374 18350 1.6364 
See 97 1.060 18300 I83» • 
Dec 97 18790 18288 18294 
Estates .NA Fffxsotas 24332 
Frfs open Inf 54716 Oft 1491 

loom OMors. 6 per ore. (Mr 

8*197 7257 J294 7211 

Sec 97 7307 J2S4 7258 
Dae 97 73te 7294 7302 

B0. sales NA FiTs. sates 20800 
FrfsopenM 66,716 U> *41 

Ju«97 i786 8755 J777 

SW 97 .5B27 J784 JB13 

Dec 97 JB64 8849 8851 

gt.sotes NA FiTs.ades 44864 
RYsapenM 106.444 up ukso 


17 J mi lien ran, 1 ner loo yen 

-SIS ■« 7TZ 8*» 

Sep 97 890 8BI6 8932 
Dec 97 .9047 .9025 809 

Esl. soles NA Frfs. sates 29707 
FrfsanenM 05.993 ad 4SS 

125800 francs, ( per Vane 
Jw*97 8949 8927 8» 30 

97 JttU 8994 J011 

Dec97 7100 7077 7008 

sates NA Frr s. sates 198® 
FirsapenW 49890 up 716 


<7800 bm. cents per a* 

-AH 97 5X35 51 J0 51.94 +030 

Aw 97 5X75 51.90 S2J6 +X22 

Sep 97 Sltt 5X90 5336 +022 

Od 97 5455 5195 5416 !|132 

Now 97 Siffl 5195 5X06 +022 

Dec 97 5630 5585 5X91 +022 

Es. sates NA Fits, sales 20876 
RTsapeninr 1438H ua 1883 
IJOOBbW.- dolors Mr UU. 

-W 97 19.18 1X77 1981 +&» 

Aw 97 I9J4 1X97 19.17 ettll 

S«P 97 19.45 19.13 1928 +0.09 

Oct 97 19-27 W25 1947 +X07 

Now 77 19.60 1937 1986 +006 

Dec 97 1985 1983 1733 +0JE 

Jc*l98 1986 I9J5 17-55 +084 

ES. sales NA Frl-xates 1198/4 
Fri's open ini 403317 off 4230 

t- »+ ixy* -Jv 

fr, - 4« K 

'Mr --J?* !•:. 

' • •.*+.> -m -a* id ‘ . 

- — -X* rr, JK V X 

-X-*. x* + v y 

-e « •*. <:m ** 

..... ii-— < + +»_+. w-v -* 

• ■ s. c - r c?. i 

Vm »-■**- u 

• -^+ *■■■*• or. • *;. 

- if ; A —*+ 5+.-+V -re 

+.- t-.^. f_- -w* JB- 

•.•-t -j-- * ‘ 

• • - "* - ’ 1 ' i,— -++ >+ 

re-.t re.r teX- 

+. .'fir , 

!- - .fi-P- '•»- 4 

• ■» • • : nw »#+ e* 

• lg- ■», tt~ Ml 

5-. ^ 7 t r »• 

-+ • .* '."S. -Jt 

m i» 

* S'- 'txjf. -T. 

■ - V- «-V Of-il. 

~ ■- --W-* ». V* V 7-. I" T ' . ? 

- rev-PBT 

-L- ™ '.ii -56 


r.'- SB* 

-+r:. -teOP- ■* * r- 

+-* V. «. -e- ^ 







1 ’ . - 









“ - T - TT 




. " - 

r. -r. ** z.r. 






0403 . 

*■-:* • 




* - W 

/'Z ’--i 






ea.ates NA PrYx soles <28*8 
Fit's open tnt 198393 up 841 

*7000 va, cents per pal 
JIII97 5B35 5685 5B83 +083 32^, 

*iy77 SJJS 5680 035 +X0 flW 

Ss2 &!2 aw S460 +X45 4 §£ 

0O9T £580 5X30 5535 +X« 4«* 

NOW0 BJ» 5480 5480 +035 X09T 

Dec97 5445 54-D0 5185 +03) 46*7 

J«l98 54»S 5485 5445 +0J8 2847 

jd-Rtes NA.FiYs.soIe* 20838 
Fn/s open itv 7980 up 127 

CW ~S7 C ft-' 

7* rw '?+ 

m. A w * 

• T. S A. 

■ * ’.v -. 4- 

ZfocCptdalHtaO Grade) 
Spd 134716 134819 
Rrereid 137X00 1X71.00 


STB Systems 3 tar2ipBf. 

Striker Indus l for 28 reverse sod. 


Q .10 6-13 0-16 

8 871 6-13 6-16 
-08 6-13 6-16 
G .16 6-13 6-16 
Q JO 8-15 9-5 

_ 125 6-23 6-30 
Q J>4 6-30 7-15 
Q 80 6-30 8-15 
Q .19 &-3B Wl 
0 325 630 B-1S 
C 2)68 4-3 7-16 


40808 fas.- cam per lb. 

Jun97 0X72 


Aw 97 7XS1 7745 77.95 +0JB 

Oct 77 7127 7XW 7X95 +X32 

Dec 97 5747 6670 OS. +X32 

Estates 10807 Frl'x sales 1X990 
FrYsnoenM 0883 Off 398 

Wots Low Qose Chgo 


CommSysl Q .09 6-20 7-T 

Genovese Drug Q J17 7-1 7-8 

tntertVestBncp Q .15 6-22 7-10 

PMC Capital Q Jl 630 7-15 

payable date on preirioiniyan- 


— 9ft 
JM 2M 
ll« 1714 
12 116 

g uc 


ire in 

ire v 
i re 

13ta IM 

lift 11 

im nre 
lore i on 
nre nre 
ii ure 

15ft 15ft 
14H 14*i 

17 1{*» 

ft ft 
»V l» 

a ^ 

IM +ri 
5W ft 
II -ft 

41ft +«> 



eft +ft 
ere -ft 
2ft -ft 
w* +re 
24ft ft 

11 -V 


lift -ire 
nre ift 
l« +re 
re -ft 
re -re 
im +re 
im -re 


s :a 



10ft +ft 
lire -re 


lift +ft 

lift +ft 

ure -re 

im -in 

I Bn A Q .11 7-8 7-15 


tHBiartertffS som t o n tw ol 


40800 ■>*.- cent per lb. 

Jut 97 7975 7X00 7920 +130 

Aw 97 9X17 7112 J9J0 +2.17 

Feb 98 7401 7180 7370 +125 

Ea. sates 4371 Rfxsates £042 
Frfswenim 78BI oB 536 

Stock Tobtes Explained 


lo mevlc fans - 1 per lari 

Soles finures are unofflclaL Yearly Highs and tows reflect ttio previous 52 vweta plus the 
current want bat nctflhetetesHradliijj day. Where a spWur stuck iftrktendamounBna to 25 
percent or more has been poNV the ywir5W9ft-bW range and iflyldendoreshoiimfortee now 
stacks only- Unkss attrerwtee ncdeX rates of dvidenifoBre annual dtebuisements based an 
Ihe West deda ration, 

a - dividend also HM CsJ. b - annual rate of dMdend plus stack dividend, e - Ifquhtaflng 
(Bwldend, 4c - PE exceeds 99.dd-adied.ri- new yearly tow. dd- loss in the last 12 months. 
• - tSMeM declared a paid In precBdlnB 13 nsmtes-t- annual rate, Increased w> last 
deda ration, g - dividend In Canadian fundx subject to 15% iwn-rwidonctfox. i - dividend 
declared after spIB-upor slock dhrtdend. | - dtedend paid IKs year, omitted deferred orno 
action taken at latest dhrtdend meeting, k - dividend declared or paid this year, an 
cccwnulattve issue wOl dtekfands in dneais. m - wnuwl rata, reduced on last dedaralkm. 
n ■ new Issue In the past 52 weekx The Ngti+fow range begkis wkti the start of trading, 
ad- nod day dettwry, p - initial dMdend, annwl rate unknown, P/E + prtce-eamlogsnrtfa. 
q - cfoseiFend mutual fund, r- dhtidmd dedared or paid bi preceding <2 months, phn stack 
tMIdend. s- slack spot Dividend begins wtti date of spilt, sis -sales, t -dividend paid in 
sleek In preceding 1 2 months, estimated cash value an ra-dftidend or ex-dWributton date, 
a -new yeady high, v-hadng halted. «f - In banknirricy or reedvershtaor befog reargateied 
undertho Bon kruptcyAdv or securities assumed by sudi aitnpcmiax wd-^ wfttei dWHboted. 
Bi - when IssuetV ww ■ wlte wanante. x - ex-dMttend ar teMfghta. »Ss - W-dM’iwtian. 
as- without warrants, y- ex-dMdend and sates In fuU- |M- yield, x- sates in fuL 




















FrfiapmW 91858 up 2721 

JW97 19X00 1B6M 19650 +0JB 
Sb» 97 18X00 17$JH 1*180 -4.15 
Doc 97 MUM 15580 16X20 — UD 
Mar N 151-00 14400 15X50 +1.00 
Mavte 14451 14X50 1449 +X2S 
fftutes na Frfxattf 9714 
Frt'swaakir 21316 up 136 




Jur 97 9112 9i® 95.11 +X0J 197 

&P97 9482 9480 9480 +6JI 4.773 

Dec 97 9470 9470 9470 + 0.02 240 

&s. sites NA Fri's **S 755 

Ftfsopenite 9388 oH 581 


{100800 Prtn- pts& 64rfts at lao no 

Sep 97 104-30 106-10 106-25 + 05 19X083 

Dec 97 1 06-07 + 05 1840 

ES.utes NA Fit's. Kites 65820 

Fri's ouen mi 233JM9 off 4316 


llOOJDQnrtn- pn & 3Jnos of 100 pet 

Sep 77 108-21 11)6-11 108-18 + 05 311 JM 

D0C 9710X08 188-07 1S8-® +06 2OT 

Mar 91 10-26 + 06 9 

a.sttesNAFrrx sates 1JX741 

Fri's open (nr 35,932 oH 29750 

16 pa-siOOAaa-are & 12ndS oM» pcm 
J im97 112-18 112-45 112.14 +0 UX76 

Sep 97 117+4X7 111-23 H2-«2 +■ 07 m nM 

Dec971H-» 111-15 111-21 +07 Sot? 

Marte 111-11 + 07 2838 

«.«6es HA Fri’xsnes 40389? 

Fri's open rfY 486414 off 404 

\jMJ0 Ift-cmnr IB. 

JWW 1183 IU5 1US -Xte 

Daw 1I7J ii js 1173 — (L0d 

Mor9i 11.18 li.n 11.16 -X01 

MorfO 1109 11.03 1L06 —0X5 

^-Kte ,Ha Fits, sees ?9jno 
•Fri's open ii* 1CJW9 oil 5653 


a muipn- pttof I0B k>, 

ten 97 9431 13717 

ft 97 9434 9433 9433 1XSO 

AwW 9431 9429 9x29 ?ra 

EB. sates NA Fri^, sates 9J33 

Frfsapenint 4J807 uaZW 


ESX000 - pis & 32nds atlOO pa 
JunW V1A27 114-13 U&ft +0-10 1.763 
Sea 97 114-16 114-00 114-13 +049 161.994 
M. sate: 32874 Plw. sates: 63JB5 
Prw. apanfitf.: 1 63. 757 up 4808 



fnW .1 ms -12542 .13573 UBi 

-!SS • lroo -17112 i Tm 

Decff .IMB .11645 .11680 jJS 

Est.Htes NA Fri's. sales X527 
FWs open bit 3X983 off 50 


oauoo- phot ioo pm 

Jun 4/ 9130 9X28 93JQ +O.DI oenrr 

rS.S S ,B 91 M 9118 +0-03 

Dee 97 Vltn 92.98 9102 +0D3 111707 
Mar 98 nsrs 9188 92.77 +SS 6X090 

Jwg JOJS 9181 92X5 +«S 4XOT 

fSS-S S-2 S- 76 9139 32.K1 

93-74 9277 +0.03 JX521 

reTm 9176 44103 ^W 3 

JunW 92J5 9173 92-75 +003 1 1-36* 

Esc sales: 41816. Rrev. sales.' 5X565 ‘ 
Piw-openint: 56X341 up 704 
DM1 mBlon -pte al 100 pel 

!£52 96X1 9488 +0-01 17X712 

Jf 06 9494 Un*. 1,777 

9t£5 9X85 UndT. 352 

rS« JH 4 5402 *6* -0-01 26X748 

DecW 9X75 9X73 9X73 — OJH 1&4.7K 

Moi"9B 9X66 9X63 9X63 -002 333873 

J687 9X0 -4UO 15X175 

S«98 9627 9X24 9X25 —002 133,916 

Use* 96J72 9X98 95.W • Q jrr BXno 

95J8 9X74 9X74 — Q4E 8X138 

■Hill 99 95-56 9&3t 9X52 -4UD 4X017 

I* sates; 99491 Pnv.Gatax- 10.396 
Rev. open M.: 1 .539.841 off 1,190 
FFi it»*on -pts atlOO ou 
Jun97 9x61 9X59 9x59—001 41342 

Sep97 9642 9X53 96J9 +103 XUtf 

S?oi + 0735 32,907 

MarM 9X64 9685 9X41 +004 2X694 

2 ®*84 96-38 9X42 *<UD 2X484 

rSS S 453 W1 ^ 7 +G* 1 31,964 

9454 46.07 +002 1X776 

’540 9SJ2 + 0 02 1X936 

ten W 4X63 9549 4X61 +006 785S 

Est soles. 91.200 
Open lnt_- 379,239 up 1.94X 

gasoil (IPEJ 

U Xdolan per irwlrtc tan -UrtsollOD Tans 
Jut 97 164.00 160X0 161.75 —1.00 IW9» 

Aw 97 16450 I62JO 14175 -075 IltW 

Sep 97 166-25 164.75 16X» -OSD XW3 

Od97 168.75 16755 16X75 -050 l® 

Nov 97 170 JO 169JS 17050 -0-50 3J79 

Dae 97 172-00 170.75 17X00 —0-25 42» 

Jan 98 172-50 17X00 17X00 -0-25 2891 

Ert. satin. 11449. Prev mu : 9,943 

Prm apanint.:61J15iip925 - 


UA doUare per banw - tats aM^OO tnaais 
Aug 97 17.98 1772 17-86 +0.10 804« 

Sup 97 IXlS 17.93 1&03 +0.12 21^ 

Od 47 18 JT 18-00 10.19 +an lliSW 

Jte*w 1X47 1X34 1X34 +0.10 X«# 

Dec97 1X50 1X32 1XC +309 11.273 

Jm98 1X39 1X33 1X42 -+-009 A954 

Fefa9B 1X40 1X31 1X40 +008 ASS 

ESL sates: 2X468. Pray, soles 56.791 
Prer open Bit.: 15X194 off 1 1.984 ■ 

• : t +-x t-jf 

S \m -Mi 

•*f * ‘ft 

.-.-w*. ij. i :>j 

F A* j+* 

THAT tai 

7- 3CJK-. C LX 08 

f' si ’t 

r ■* a N 

s: fir - 


-.a ii- t-s- 

Stock indexes 

-•-* + »■ m re vi- nett 

>* -**. +*, 

» *• ;*e". T,T ft's 

■ 1+ -4.9T. .Jl* - Ji*- reR 

— • -VJ+ 6 - J= ■-« 

ii'ss iv HdP? 


500 » indax 

Jun 77 89650 89X10 19*40 +X1S 
Sep *7 9Q&80 90U0 91050 +WH llXg* 
Dec 97 9I38S 91135 71165 +1.W 3JM 
EsLraie NA Fri’s soles 134SB3 
WsDoenurr man up WM 


FF 200 wr Indsj potat 

■ten 97 28160 2779 JJ 27BS0 -B .00 3WO 
j!4 97 28130 2781 J 27830-^X00 6 «S. 

Augw 28JJJ1 28210 2791.0 -X 00 W 
Sep 97 2*29 £ 2m.O 279X5 —IS# IA» 
DOC 97 284X0 284X0 201X5 — X5D 43 
£555 28645 nao-7M 
5ap90 283X0 283241 782*5 -3J0 1133 
£41 Xtek- 1X871 
Open InL: 6X986 up 2 MB 

CIS per tacta* point 

ten 97 4*40 478X41 47JM -5ID 
S*P 97 48234) aSIXO 47840 -5DJJ 304JJ 
Dec 97 484441 484441 483X0 — 49 D IJl* 
gtlsotea 3X104 Piw. soles: 20424 
Pm. open bit: 8 X 00 up 896 

;•>.-+ 31“ 

i" SXi ■***. ■ 

* - n--M __ 

•• ■« '-.P ' 

sf ti’7 •.«*' 
■'■-a-4Tk it it: fPr- 
' v S« 

■■•r.+T J T* :;S 

"■n * 

Wurktl (3*me& 

ITL 1 rniBon - pi o< 100 pd 

2 17 93.13 -005 50822 

Sep 77 9142 pigs nw —003 IKLOBa 
0«97 93.74 9SS ^O^O®'® 

Commodity Indexes 


^Futures Jgg lag 

. Sodwk: Mold. Assoctaled Wms LpniWi 
Inti Rnando! Futvrss Eicttoaqc. Inr) 

Hehi *)eum Exchange. 

1 -'.wrjireisKF -Mi*i 

.•a.-: .;i - j.,? 

lWo ^ UP ljaA2& 

A+L, -re^+ 
4-rer *■ * taftr 
«.*■ TV- 

onsumer Coi 



PAGE 17 

m i * v 

VT. 1 • • 

w«i fw.W 

j V - r ; . j . . r. 
*rp^ ' jnpnrasar -— a: .a. . 

tfF 4"V>"V\-i * *.iv. 

m \}-' m 

fcar«aj»_ sr?ji rvr* • 

fc. ;■ *_. 

txile s~Fvi"- " -■-' ..” 


'iMBi j wK ^'anr asjivr _t . r . 

aBfUw&Z'; ' ■ 

N*.- fcfc^g .fc**:-- 

ai^i± faai > .• :■ 

■ar -.SsasjdaBtf; x jforr •: :-•?• 

J i*>Va.~ kbc .-.. . . 

*3. i\i rtc- V*v’ , « •.’■ •. -v . 
v stew; # ***£ ' ?. S ^-■T'v 
-A_toMfi*jbi ffwr-jc*^ i: •. •-. 

*Tf**±-- ft** % =*? 

> ; .-■- - ^ '. 

*Jr **ihr rviS=Tiiv .'f- •:• - 
«a wr vyra racrs 1 at: -r. 

BF^anu#3£ir ?? V v -~- 7\ ... 

Steotf ^*= ♦•. ■-;. 

*§-•* ^ t tr+ -v* 

■Ifvbei , .\'^'2.ptrvirci -.-si- *?._:_■• 
tor. -IrbJ-fVr y»*-’wh \c: • Vn ...,± 
« A 

< 8 (W :v i-- 

<fc* . . 

UMpcfif i >te uSa&uv.l.T . 

» ft‘* v--J ,V Cfc^T-W.- .' 

: : , .- . ;...• _ 

•■* c.r-: :. . •. 

* r v, :- A -e 

mbm •** *.'* rxv-i’-i :-> ti/. w : ■.. . 
<rf ^ -r :c- LiV • - . 

Staff ffttflt*. , Tii: £££7 TT—C - 

iSr^tawe -- rr - • 

icy eie ate^ -^t^ . -■• ?=■. : . . -- 

aliy'iiwr awgVi c .r rrr - : - 

ting Ihri nt From lh-ll anil I, 

.-■ir* f»K rW 4f. :=ri . 

i -I'-xfcy'.w— ' ^ 

3 &&**=? A- j rr-v' 

• *U& - -- .- - v rt i . . .-. 

V-'.'r.- t£L^; rirsv- i i <r. '.- 

TS\f . : .,- 

fry: *jv-. v:-. .•- j7_. - .. 

a~- - -*'s/ * *-^Pa ■ - - ■* • "•' - -" 

*S>; | . V ?TT-=3-/i ^'... . • . . 

- ••*■ Jj* -tl'-r: ,• - -J.-.-i ■• 

™ .= '-- ;r, h. ••-■.*- 

iiMi t . • - 
-£rr^. I'S=tf >- -<!•- 
*£ >.< ..C." T -^k; - '.-. 


Un-' p'VKr ^.. . is±l 

L j“. . ' ‘ . • : : r- 




-WWPFri-fc-* '. .***: 

d ■» t. • ~if: .?■ -* •* 

J. s>- f- -ju. i. . 

= -.-^i rj -rr^ i ; m . 

V *4 - • ••'• •? ••■• -• --- 

'*' r«ji« rSiEwarjesr* P^S, * 

. .' . ■‘ft’.** -S--!--*.-* 

■-” - * • ■'?J' ^ ^ — • ■ 

.4o.d., _r-_r^i ; — 

I , ■ Hi- ■-*» ^wki' *-*r^. 

a--- - • j"--ate j-^- 3 • fi. rf -!»■ . ■ 

a * - .«! -'.am. »-■*■■ .-W 

S “'4- -i 

11JL *1, !- ■ 

■l*^ 1 =iW' -t:." *■-■' 

-■-iHr-r t ■ r;.p 

1 3 

*■-* £! ' -f 

Kr "jj.'i - k-jfc ■*- 

\ lt : • ■ ■ 

•_ 4- 1»& •-. . • 17 • .-V.- 7 ■• 

. -.-JT.- r-rtr ' ' v ■ ■-' 

i i*pn> 

: J5?= - - 


*■**»■ iBm- -jaA- ratf<r .. 


•* = 

The Tube 


LONDON — Tony Blair’s 
Labour government, which 
campaigned strongly ag ains t 
Conservative plans to sell the 
London Underground public 
transportation system, is now 
considering plans to privatize 

A document accidentally left 
in a BBC television studio last 
week by Deputy Prime Minis ter 
John Prescon outlined several 
ways of getting private invest- 
ment to help finance hundreds 
of millions of pounds in nec- 
essary improvements. 

Mr. Prescott accused the 
BBC of “‘sensationalizing” the 


"‘We don’t believe in the 
total privatization of anything 
— Tony Blair has made that 
absolutely clear,” Mr. Prescott 
said Monday. “What we 
wanted to do is a partnership. 
How can we get the money into 
it? And there woe a number of 
options — in that document 
there are about four or five of 
the options.” 

Tbs proposals include 
selling a controlling stake in the 
metro system known as die 
“Tube.” That possibility was 
immediately welcomed by 
private transport operators. 

Chris Moyes, commercial di- 
rector at Go-Ahead Group PLC, 
which operates rail passenger 
services m the London area, said 
Monday his company would be 
interested in bidding . 

“Rail companies will be in- 
terested and perhaps more qual- 
ified than other players to run a 
high-frequency, high-density 
service like the Tube,” he said 
“We would be interested, sub- 
ject to the way it is struc- 

London’s subway system is 
the world’s oldest, inaugurated 
in 1863, and one of die 
busiest (AP, Reuters) 

2 European Automakers Forge Ahead 

Fiat Sales Rise 8.2°/o Opel Plans New Car 

C«IUI.fV.U, iu ... . X 

TURIN — Fiat SpA posted an 8.2 
percent increase in car sales in the 
first five months of 1997 and pre- 
dicted that full-year sales would 
grow 15 percent, while pretax profit 
would at least match that of 1996. 

Cesare Romiti, chairman of 
Italy’s largest private industrial 
group, told shareholders at Fiat’s 
annual meeting that 1997 revenue 
should reach about 90 trillion lire 
($53 billion), and despite the ab- 
sence of extraordinary gains, in- 
come before taxes should nor be less 
than in 1996. 

“The results achieved thus far 
point to an overall improvement in 
the group’s operating and financial 
performance compared with 1996,” 
Mr. Romiti said. 

Mr. Romiti said pretax consol- 
idated profit was around 500 billion 
lire in the first quarter of 2997, as 
group sales rose 4.4 percent to 20.85 
trillion lire. 

With the Italian car giant’s five- 
month vehicle sales totaling 1.12 
million units, Mr. Romid said Fiat’s 
market share in Europe rose to 12.6 
percent in May, raking the company 
from fifth place at the end of 1 996 to 
second place, after Volkswagen, 
among European car makers. 

Car sales in Italy, boosted by pur- 
chase incentives, climbed 21 per- 
cent, while sales rose 18 percent in 
Brazil and 1 1 percent in Poland. 

But Fiat’s chief executive. Paolo 
Can tare LLa, said Italy’s car market 
would slip back to last year's size if 
the government did not extend in- 
centives, and be warned that the 

company might have to lay off 
workers temporarily. 

But in die first four months of the 
year. Rat’s Iveco subsidiary saw 
truck sales fall 8.8 percent from a 
year earlier to 37,900 units. Mr. Ro- 
miti attributed die fall to “delays in 
delivoy, above all in Italy.” 

Spealring at tbe annual meeting, 
Mr. Cantarella said it was difficult to 
predict next year’s car market with- 
out knowing whether the govern- 
ment would extend the incentives 
beyond September. 

He said it was likely that, without 
the incentives, the market would fall 
to the 1.7 million cars sold in 1996- 
Mean while, Mr. Romiti reaf- 
firmed his intention to work nnril he 
turns 75 in 1998. 

Mr. Romiti took over as chair man 
in February 1994 from G ianni Ag- 
nelli, whose family founded and 

controls Fiat..-. . - “ " 

Some shareholders had ques- 
tioned Mr. Romiti’ s staying power 
after his April conviction for doc- 
toring company books to hide a 
political slush fund. Mr. Romiti is 
appealing his conviction and 18- 
roonth suspended sentence. 

Separately, Fiat said it bad found 
a partner in India, which it did not 
name, to build its Palio model, and 
that it was in talks with two compa- 
nies to build the car in China. 

Fiat started production of die Pal- 
io in Brazil last year, and in Ar- 
gentina this year. It intends to build 
the car in Mexico, Venezuela, South 
Africa, Turkey, Morocco Poland 
and Vietnam. 

( Reuters . Bloomberg, AFP) 


FRANKFURT — Tbe German 
car maker Adam Opel AG said 
Monday it was developing a new 
small car to compete with Volks- 
wagen AG and Ford Motor Co. in 
that highly competitive market seg- 

David Herman, the bead of Opel, 
also said the carmaker would defend 
its European market position despite 
plans by its parent. General Motors 
Corp., to use Opel to launch an 
ambitious global expansion plan. 

Mr. Herman said die new car 
would compete against the Seat 
Arosa, which was unveiled in March 
at the Geneva car show, and against 
the two-door Ford Ka. Seat is a 
Volkswagen subsidiary. 

“We are seriously working on 
such a project,” Mr. Herman said. 
But he added, “their concepts are 
different from ours,” when com- 
paring die Opel car under devel- 
opment compared with the VW and 
Ford models. 

He declined to comment on when 
the car might be introduced into the 
European market. 

Opel has also unveiled its new 
seven-sealer Zafrra compact van, 
which will be unveiled at the Frank- 
furt car show in September and in- 
troduced into the European market 
in late 1998. 

The vehicle will have a price of 
less than 32,000 Deutsche marks 

“We expect the Zafira to be a hot 
model and to redefine the compact 
van market in Europe,” Mr. Her- 
man said. 

He said the company would keep 
building vehicles to meet German 
and European requirements and that 
the international expansion plan was 
critical to securing Opel's future. 

“Anyone who says you can af- 
ford somehow to mm your eyes 
away from Germany and Europe is 
malting a mistake,” said Mr. Her- 
man, whose contract was renewed 
last week for another five years. 

A weekend report in Der Spiegel 
magazine said an internal survey of 
top GM officials in Europe crit- 
icized GM’s expansion strategy, 
saying the car maker needed to de- 
vote more resources to European 
product development and quality 

Opel, like Volkswagen and Ford, 
has seen its market share erode this 
year and is under pressure to offer 
new products to regain lost sales. 

Opel reported that soles dropped 
4 percent to 689,694 vehicles. 

“All of the volume makers have 
lost market share. But on a relative 
basis we have not really lost 
ground.” Mr. Herman said. “Our 
ambition is to be at about 12 percent 
at the end of die year.” 

Mr. Herman said one reason for 
Opel's slow sales was intense price 
pressure and big sales incentives 
from Asian makers, which boosted 
their market share to 1 1 .4 percent in 
the first five months of 1997 from 
10.7 percent. 

“The European car market cer- 
tainly does not provide much reason 
for optimism, either from a volume 
standpoint or from the dynamics 
within it” he said. 



, 3800 — 


• 3400 A 

■■3200 ft- 

\ 3000// -- 

2800 , c n 

J F M A 


London • ' •' Paris ... " 

FTSE 100 index CAC 40.\ 

4800- y 3000- 

:m ~P 2800 

4400 — —A f— ^ n Aui\r 

. m s±VZ- ^ : 

4000 — - - 2400^— — 

3800 j T m ' a m7 2200 j f m'FmT 

1997 1997 


■ Frankfort 

■Monday ' Ptw. ‘ ■% ' 

.dose Clow. Change 

849199 646.00 +04B 

2 387.40 2.400^6 -0.S4 

3,765.11 3,744.44 +055 

S6&39 589-28 

3,137.48 3,14351 -0.19 
637.79 , 644.33- j -1.02 
4,745-10 4,783.10 -0-79 
$7838 ; 583.32" *>.BS 
12754 : t276t *005 

mSM g^BJ2.-^;4S; 
3,18M B . 3. 16M8 -0 -03 
1,307.97 ♦&** 

3,406J0 Mg jMg -P-40 

lOEfTuuimal HcfaUTrihuM 

Oslo • ' 
London •: 
Sfedrtd . 

mm ■ 
. Paris-- ■ 
Zorich y ■ 
Source. Tetekurs 


' BEL-20 

■ PAX,..- • 

Stock Market 
HEXGengftf •• 

FTSE 100 
.Stock Exchange 

MlBTgt - 

CAC 40 ■ : • 


■$pi . 

Psion Shares Fall as Buyers Await New Models 


LONDON — Shares in Psion 
PLC fell 19 percent Monday after 
the world's leading maker of hand- 
held computers said sales had 
slowed because consumers were 
waiting for new models. 

Psion, which introduced the first 
handheld electronic organizer 13 
years ago. said its new checkbook- 
sized Series 5 product was “light 
years” ahead of its rivals. 

But David Potter, the company’s 
chairman, said performance would 
be affected until die new 32-bit 
computers become established. 

That sent Psion shares down 97.5 

pence to 407 J pence in late af- 
ternoon trading. 

Keith Woo I cock, an analyst at 
Merrill Lynch, said, “It’s not in- 
conceivable that Psion could earn 
lessprofit this year than last year.” 

The strength of tbe British pound 
has knocked about three percentage 
points off gross margins and with 
tbe promise of a new product, sales 
of older computers had tinned slug- 
gish, analysts said. 

‘ ‘The new machines will not be in 
a position to be sold in volumes 
before the autumn — so Psion is 
going to have a big problem.” Mr. 
Woolcock noted. 

Psion said its new model would 
be the first fully functional, pen- 
oriented, portable computer that fits 
into a hand. 

The company said sales of its 16- 
bit products, the Series 3 and Siena, 
slowed in May and June because 
consumers have waited for the in- 
troduction of the Series 5. 

The company’s performance 
“will be affected until tbe Series 5 
becomes established in its mar- 
kets,” Mr. Potter said. 

He said he expected the Series 5 
to account for as much as 40 percent 
to 50 percent of Psion’s total sales in 
1998. Series 5, which will be dis- 

tributed to about 50 countries in the 
next six months, will have a key- 
board big enough for touch-typing, a 
touch-sensitive screen and a built-in 
tape recorder for dictation. 

Psion leads the world market for 
palm-top computers with 27 percent, 
of the world market for according to 
Dataquest Corp. It is under attack, 
however, by Microsoft Corp., the 
world’s largest software company. 

Microsoft last year said that sev- 
eral major computer makers will 
market handheld devices based ou 
its Windows CE operating system, a 
modified version of Windows 
95. (Reuters. Bloomberg ) 

Very brieflya 

• Norwich Union PLC’s shares rose 1 1 .9 percent in their first 
day of trading, to 324 J pence ($5.31). up 34.5, after a public 
offering that was reduced in size because of strong demand 
from the insurance company 's policyholders and then was 10 
times oversubscribed. 

• German prosecutors started an investigation of two former 
executives of the shipyard group Bremer Vulkan Verbund AG, 
which went bankrupt a year ago. 

• Sabena SA plans to conclude by January a deal on re- 
locating its pilots to another country to avoid paying Belgian 
social security taxes. The airline also said it was on course for 
a break-even result in 1998. 

• RAO Gazprom signed an agreement with Credit Lyonnais 
SA and Dresdner Klein wort Benson to borrow $4 billion to 
finance a pipeline to Western Europe, to develop gas fields in 
Russia and to pay its tax bilL 

• AO Lukoil Holding’s first-quarter net profit rose 115 
percent, to 757 billion rubles ($1 3 1 .4 million), on increased oil 
output and exports. 

• Stilzer AG, a Swiss conglomerate, will begin selling a 24 
percent stake in Sulzermedica, the medical-devices division 
that is its most profitable unit, on June 30. The company 
expects to raise about 750 million Swiss francs ($518.6 
million) from the sale. 

• British Steel PLC’s pretax profit fell to £451 million 
($737.6 million) for the year from £1.1 billion the year before, 
partly because of a sharp rise in the value of the pound. 

■ Abbey National PLC is holding talks to acquire Cater 
Allen Holdings PLC* a financial- services company. 

• EVC International NV, Europe’s largest vinyl producer, 
said its German unit would buy a 5 1 percent stake in Capri- 
hans India Ltd. in its first move to expand outside Europe. No 

purchase price was given . Bloomberg , AFP. Reuters 


Mondays June 16 

«*- -PrioninlocDlcwrendea- ... 

Hipb Im Onw Prw. 

Low Close pick, 

Prwtaas: 274444 

. Amsterdam 

bUN-AMRD 3741 
ctogoo ■ u % m 
SMNMV 163 

MnNobd 365J0 
Bsrnfe 1I7J0 
Bab Man on 30 
~ TSMon llttSJ 
DoribdMPri 4I&40 
OS til tw 

ftfw 3140 
nvBsAaev Rfs 

t ttJO 
aa 10430 
B 16030 
mean*) 9i5fl 
KLM 56.90 

10JPBT <180 
: . ptr 75.90 

■ £4 

wMao 309 J0 
OmGadni 75790 
PMpEtac 17130 

Raa&tadHdg 19950 

tabu] - 18469 

tatanaj 65.10 

Rniocp 1808 

Ron*) 1TXJ0 

RaMDaldi m, 

,,i Hntawao . «460 : 

■ MnU 107/0 


WaSm Klara 24SJ0 : 



37 JO 3740 37 JO 
14090 Ml.® U2 
159 JO 160 16U0 
261 SO 262.10 266 

11440 11640 11790 
3740 37.90 37 SO 
102 101.70 103 

400 414 <08.68 

19030 19150 19420 
3320 3340 33J0 
83.90 8328 8310 
6400 6330 6090 
66.10 66.10 4450 
10320 10450 10470 
34050 34550 34170 
10310 10390 10420 
14450 14750 14720 

Sara wuo mo 

5430 5640 5440 
432® 4350 4370 
7520 75J0 74.90 
4950 5150 49.70 
307 JO 309 309.80 
25450 25750 257.90 
11750 321 lit® 

100 10520 99. B0 
19850 19950 199.10 
10120 18320 182.70 
6430 45.10 64.10 
184 184 18420 

113 113 11320 

40030 406 399 JO 

39920 40440 3IL60 
106J0 WJD 107.10 
4650 47 4720 

24150 24440 24190 


Mr into SK 

Stan Coat BkF 

T«tet mn Jp 

T koiRxm&F 
UM Canal 


HtadbstUw 1 


r“ Bk 



TnloEnfl Loco 


16975 16650 16650 14UD 
6800 6830 6860 4830 

9830 9770 9810 9900 

jg*. iSSi^i^i! 

SET Mac 51155 

153 147 149 153 

202 186 190 196 

28 Z75U 2725 27.75 
32D 314 320 318 

470 460 462 470 

102 9850 9950 104 

3475 25 2475 2525 

B50 32 3225 3225 

112 104 ins 112 

85 79 0150 8450 

8aa »a>Mae mi 

PnMaas: <82959 

___ 904 914 89425 

I1J5 1280133575130025 
459 451 45350 45JJ5 

9*75 9425 97 9750 

St 5 <81.75 48125 5H 
1625 30625 31325 303 

2350 31450 317 31950 

336 32575 32775 31850 
1950 1850 1875 1975 
439 423 42925 4225B 

AMBB 1425 1415 

Adta 203.3s m® 

ADmHdg 391 38150 
Altana 1490 1540 

BkBMBn 38.65 3850 
BASF 4555 65 

BaytrHwoBk 5475 5402 
BW-VtnMM* 74 7220 
Bayer 68.® 

Behradarf 92 9B50 

Baiun <LSl 41.90 

BMW M42 1434 

CKAGCokmta 16850 168 

Cflmmeatank 4925 4970 
Daimler Beta 13875 137JD 
Deguua 9470 _93 

Dttfedw flank lOOJS 99 J5 
DeutTefchan 42.15 4175 
DmdMrBank ttffl 4150 
FmenfeH 38150 380 

FnBBolua Mad 15750 154 

Fried. Kiupp 352 3X 
Geias 124'J 13150 

HakMbgZoO I4t50 1M 
HenktapW WM 
HEW 47958 479.90 

Hodiflef 77 743B 

Hoectet 71.15 7055 

Kmlodt 649 662 

Lohmaycr Sl-S® 8U0 

Unde 1330 1322 

LofltwBa 3150 3150 
MAN 536 511 

Itainewaa JO 7 4450 
MeMpeie8schtfi3770 37 
194 ISOM 
Munch Rueck R 5)02 49® 
Piwhsoo 53550 
BWE 76 7450 

SAPpM 32351 319 

SS(A» 0 

5uettnxAer 970 946 

Thwser 41450 41155 

Vehd 10045 9955 

VEIN 548 540 

Vlaq 825 815 

lAteoan 1206 1»1 

1425 1390 
203 198J0 
391 381 JO 
M<0 1469 
3855 38 

45J0 6525 
5415 &IM 
7350 72^0 
4750 6725 
9150 91 JO 
4125 4250 
1424 1432 
168 167 

49 J5 5D.J0 
13770 13495 
93JQ 9460 
9975 10050 
4175 4175 
62.10 6270 
381 381 


12150 13450 
14450 16350 
99 JO 9958 
47990 47990 
74JB 7440 
7055 6940 
667 66850 
8170 81 

1328 1292 

3150 3155 
53550 51450 
74550 HO 
37 3770 
195J0 19355 
4950 4960 

519 522 

7550 7475 
32050 321 

19150 19150 
34175 243.10 
10050 99.96 
1510 1510 
96950 970 

41158 410 

9940 9050 
545 542 

817 818 

1201 1199 

Hlgfe Low dm Pm*. 

Indosat 7500 7400 7500 7400 

SampoetnaHM 10150 9975 100H 10000 

Semen Gndk 5425 5375 5400 54C-. 

Tatakoanraitairi 4000 3950 3975 3975 

Kuala Lumpur c wpwM igz^ 

Piomu: iwu* 

AMMBHdBS 1420 1550 1430 1720 
Godina 13 1250 13 1110 

High Low dan Prior. 

VendamaUuis «7 443 443 447 

Vodotese 3.04 2.95 im 1>W 

Whflbreod 773 747 771 773 

WBirm Hdgs 325 118 118 124 

ytotsetay - ss *— nm 5 - 5.10 

WPPGroup 2^ 2J» 263 2 m 

Zeneca 1944 1842 19J8 1946 

HM Law Qm Prw.' 

High Low aw* Pray. 



Mat Braking 

Medina SHpF 



Pubic Bk 


Resorts Worid 


Shire Darby 



(ltd EngtoeeQ 











































11 M 











FT-SE 101: 4745.18 
Prontoosi 4788.18 





AhbwNtft 8.92 
ABtaaDaneca 42s 
AngftonwSo 645 
Argos 577 

a a 

S&* ifS 

Ban 748 


Blue Cinte 446 


S^A^A 1^ 
BdfAfeWD|3 7J3 
BG 118 

Bril land 583 

BihPetan 7« 

BriSted 145 

BunohCarirel I&J5 
CoSeV^itasi iS 

ssas; |S 

Comm! Union 7.10 


DtanB 525 

Bedroom pmKidsfa 
EMI Group 1LW 

GEC 17& 

6KN 1042 

GtaxoWMcHne 1245 
GnnadaGn 194 
Grata Met S48 

GrcennisO* 4|7 
GutaneM SA3 

GUS 7 

HS&CHUgc 1|» 
tCI 840 

tagil Tobacco 4.17 

^ i 

Lasrno 2JW 

Legal Gent Ctp 448 

Mwkasgarcer 134 


ISwrit Ml 

Nwd - 7J1 

Onrnte 3-U 

P&0 ^ 

Peman 7.15 

PnadefFamdl <70 

PtBdB« MO 

RnHnKkGp Mi 

Bar* Group 3OT 

RKkHtCotai 877 

Baton! 140 

Rned bril ' 60S 

Sntakiww yg 

ReutanHdgs 747 

RMC Group 11W 

RofcWtra f72 


mr" g 


SdSto , 1AK 

ScotPonw 196 


SewaaTltid 7^ 

ShdiTnuipR >M9 

sen* ’-J 

SadHiNqUiaw « 

SnBiKBw- ion 

MW hta 822 

StieraBec «l 

SSSaSW ms 

TGte&LlW 444 

Taco M 9 


31 Gnup &22 

TI Group. 



UMAiuronoB *70 


UtdUIBSeg 658 


kH 1 


Merita A 
Metro B 
Meto-Serta B 
Meta a 

(taiokwnpu A 


PTMiaus; 314151 
4740 47-0 4740 47 

228 224 224 225 

5040 4940 50 5040 

7540 75 7520 75 

1670 1420 1&3B 1440 
1C 14740 1« 14740 

42 41.'® 4140 4140 
13B 136 138 137 

367 364 364.90 36440 

■m J974B 19X50 302 

107 106 1E43J 107 

124 1232) 12130 121®l 
90JD 89 8928 90 

tswfsmf&y 151 DO 

r-WPdi •: ta • — 

S ' V s • ' 

. V • 


1 .Iki r ro »**•• 

c °p enha g® n 

« ■ - 

»*= -r- mm -#-v* 

5F AH»"‘Me. ’•*: -^= 

r.4fi-=» ■*'* *1, 

e - a •* t* ** 

if 2 

*-<if : ;-ri 


329 325 336 33J 

371 37443. m 3W 

m ns *» no 

403 416 <19 

631 623 629 63 

B 346000 34169 346000 346 DK 

20000 2W00 262242 344W0 

730 720 720 717 

730 72046 7 U 725 

» W W W 

362 352 3S3 399- 

M 355 356 360 

3U -3SB- 344 357 

, Business 


Atoeas e*ery 

J \ . mThelatenwute- 


. Kirotely G«enroi<^BetrtnCOurt 

- r : -T!U+ J 33til 141439*76 

7 _fice.+ S3 81 1 41 43 93 ?0 . 

■ w yewr oc*nat HTT oft* 

a orrepredeniAtide. 

Hong Kong 



HKEtoettc MM 
HKTetaaroan 1690 





5 S&® 1 

Mwetoek US) 

H — S— 1 143X48 


7JS 790 740 

2830 2845 MX 
1220 1245 1255 
72 7325 7240 
2120 2145 23'- 
4240 4330 4140 
4540 «90 45^ 
■ :»9 393SS 39 

9J5 MD 9^ 

1455 1435 1420 
8948 9225 8150 
0J5 825 835 

65 6625 6150 
1440 1490 U4D 
2945 3090 2740 
1640 1690 1635 
398 4 4 

229 231 230 

61 6US 6075 
2228 2105 22J0 
1925 1920 

1155 1845 1880 
44/J 46.10 ■ 45 

245 246 245 1J1 136 

8525 8835 86 

480 483 428 

835 845 840 

735 735 735 

65 6525 65 

3180 3220 - 32 
1720 1735 1740 

Market Gosed 

The Johannesburg stock 
nwrlrrt was closed Monday 
for a holiday. 


' Pnriwmil 

7100 7000 2050 SfSO 

MgM 7100 7000 70® ^ 

Ies*” @ gS -38 SIS 

Sol 3250 3U0 . 3250 3ijS 

SSSSri ^ S6SB 5SB SSffl SM 

a *39 

Group 10.W 

«■ £ 


bv 348 

4189 898 
420 425 

643 642 

588 590 

134 134 

174 522 

585 5.92 

1113 1242 
743 748 

888 591 

383 - 401 
442 448 

1025 1081 
745 746 

344 148 

>382 1386 
729 733 

118 116 
525 583 

749 746 

590 545 

149 142 

458 421 

189 190 

1041 1040 
132 121 

541 547 

536 538 

S»S 5 M 
786 785 

789 7.15 

152 157 

531 519 

438 435 

1121 1193 
642 643 

345 MS 175 
1047 1040 log 

540 546 566 

!S 3 

S 1 1 

723 736 735 

US iS ig 

i g a 


740 745 741 

in mb 

440 <41 444 

6.10 630 tn 

632 636 633 

385 188 185 

177 894 884 

153 U U 

£93 6JQ &M 

230 233 236 

692 783 697 

225 227 177 

995 « W.12 

154 299 246 

631 625 64| 

1090 1185 10l95 
43B 480 494 


162 646 

387 . WB 
'£85 28* 
738 741 

1282 1168 
963 M8 
125 181 
1082 1088 
8.17 8.19 

4.15 4.U 

626 624 

925 939 
457 443 

184 386 
645 621 

5.16 i® 

551 555 

155 243 
1698 1725 
445 «7 
781 785 

638 634 



Ba> Centra Hkp 

Bco Popular 




Gas Noland 




Union Fenosa 
VWenc Cement 


nawu tj 

CXP Homes 
Marta EtacA 
Meter Bonk 
San Miguel B 
SM Prime Hdg 


Bcnocd 8 



GpoF Banner 

Gpo Fta Intana 




Bee Mob Can 





Balia tarien 57838 
Praytan 58139 

27500 27900 28590 
1865 1875 1885 
5860 5970 5&S8 
8150 8200 8230 

11300 11340 11430 
1480 1480 1525 

2S3CS 25300 25590 
4970 5010 4990 
31910 3191# 32370 
4430 449 4490 
5100 513® 5160 
2850 W8 2905 
7690 7700 7680 

11110 11130 111® 
1320 1330 1350 

30010 30240 29930 
1765 1770 1818 

2830 2855 2845 
6360 6390 6410 

1415 1415 1440 

TOW 7530 7710 
431 B 4330 4365 
1300 1300 1310 

2060 2095 2095 

PSEtadtB 279816 
P ro sta te 180141 

19 19 19 1925 

31 -SO 23.S3 31-50 2150 

167 165 167 166 

10 980 9.90 9.90 

9350 9250 93 93 

555 545 550 545 

750 75® 7X 750 

255 25250 25250 25250 

835 825 830 825 

TX3i 7150 72 73 

7 JO 750 740 730 

BMm tartar <23989 
Pfwtat: 424443 

4950 50.10 5830 
m«8 2080 2180 
3150 31-55 37-70 
1148 1146 31-1® 
39.00 3980 39.10 

47.10 4725 4750 

188 2.02 1.77 

an 35 2840 

31.10 3130 SIM 
11750 11740 11750 

1888 1852 1850 

MIB Tatateidlf nr 105480 
Pmtate 12761 JO 

Q60 T19QS 12100 12075 
1650 355® 3615 3570 

1690 4415 44K 4500 

251 1210 1210 1217 

OTO 25000 25100 254S0 
[935 2170 2895 2580 

□DO 817® 8340 8175 

1330 9130 9205 9255 
1160 6030 4140 6030 

1500 mm 277SO 30300 
*50 15518 1574) 15300 
1695 2600 2610 2675 
H70 5400 5420 5440 

.490 7260 7270 7385 

1300 10110 1 01 58 10005 
1096 1081 ion 1082 
9.50 472 475 482 

15)0 2460 2480 3470 

SMS 4030 40£0 

D90 13650 13650 13905 
IBOfl 18710 18725 18841) 
■320 11065 11255 11250 
1430 9230 ?X0 9160 

5000 50CB m& 
i550 5400 5440 5420 



A car--' - •»- 


MaM Alsttr 










Christian Dior 

CLF-Oeda Fan 

Credit Agitate 








iwawn d 
P arbas A 
Pernod Rlcnid 
Peugeot at 





S teGenende 
5J Gobahi 


Total B 



PravbaE 280852 

899.- -887 
180 180JO 18140 
946 952 ' 968 

664 669 665 

3600 36920 36830 
702 716 710 

945 952 945 

23620 238 23830 

1035 10® 1030 
4201 4224 4285 

27820 280 28110 

24X10 24420 244 

666 STB 
934 938 950 

566 580 575 

1252 1280 TS5 

977 9ST — 
636 638 651 

882 887 881 

9.10 OB 9.15 
6J3 425 i45 

742 754 756 

416.10 420.90 421 JO 
7» 800 798 

381 381 39090 

1054 IMS 1080 
Tm 7X7 Zi2i 
1531 1536 1540 

570 570 571 

338 338 

390 393-50 39090 
an aw 3iiio 
595 608 603 

2805 2821 2845 

2143 2151 2175 

146 148J30 147.90 
1681 1701 1710 

198 19390 
544 557 553 

319J0 320 321 

1 10X 1040 1041 

‘ 40 JO 452 446 

635 640 &S8 

2871 2912 2897 

300JO J9550 297^0 

716 700 701 

158J0 155 156 

575 560 561 

101 9835 9930 
377 37140 373 

Ericsson B 
Hennas B 
» 4 iMiter P 


' PtEfBTisM|taJm 



S-E Brsften A 







AN2 BUng 



dries Myer 

Fasten Brow 
Goodman FU 
ia Aoriiala 
Lend Lean 
Hat Amt Bank 
Mews Com 

ftttfllc Dunton 
Pub Broadcast 

ssr" 1 ** 











293 271.50 28550 











, 248 24850 


- 234. 

- 237 




- 261 


71350 21130 























195 10650 

19250 18650 



















203 20650 

The Trib Index Pnceaasoia.-OOPMNewYog lime. 

Jan. 1.1982=100 Lavoi Changa %chmga year to dote 

% chan go 

World indax 174.13 <0.78 "«J3lS +18.80 

Ragfonal bMtexns — - ^ 

Asta/PadHC 123.72 il2-77_ .*2,13- 

Europe 179.45 ' +0.11 +0.06 +11-32 

N. America 204.57 +0.25, _ +0.12 +2635 

S. America 166.84 +0.15 *0.09 +45.80 

mdutnite Indexes 

Capital goods 214.02 *0.97 *0.46 +2532 

Consumer goods 19530 +0.10 *0.05 +2139 

Energy 209.43 +1.76 *0.85 +22.88- 

Pnance 129.76 +1.12 +037 +11.42 

MiaceBaneous 169.38 +0.76 +0.45 +4.70 

Raw Materials 169.36 *0.85 *0.45 +737 

Service 163.42 +0.73 +0.45 +19.01 

UtMes 151.19 +2.01 +1.35 +5.39 

The International Herald Tnbune World Stock Indax O tracks ihaU.S. doBar values at 
280 internationally rjuesttMe slocks tram 25 counmes. For mom information, a froe < 
bookmt Is moritebte Oy wrung ro 7hs Trt> Index. 181 Avenue Charles do Battle. j 
92521 NewBy Cede*. Franca. Campled by Bloomberg News. 

SdO PauiO BawyoiadtellTMLta ■ Taipri 

BmdescoPU 945 925 930 940 

BTOtanaPW 82000 814.00 815.00 S14J0 

- • — 5X88 5630 54.150 5720 

79-03 7590 TiM 76JM 

Cupel IRffl! 1731 IBM 16JM 

Ekrirobna 57000 550.00 56500 5SLCD 

HnubancoPfd 577 JX) 56090 570.00 57590 

South Our 




Daewoo Hem 

Korea Q Put 
K orea Enrii 8k 
Korea Mob let 
Porionglron SJ 
5cnmmg Dhlay 



17831 17831 
3430 3430 
1190 11.15 
14840 148.90 
18290 18299 
34S-S® 34500 
4030 4851 
194 198 

2470 24.70 

Obtegodte Wee 78M5 
^PrOriDOK 789.15 

97500 94000 95500 93000 
BOO 8000 8310 8150 

MAJO 2B8» %&m 23000 
16100 15800 15900 15BM 
30TO 2n» 29M0 29W0 
7700 6970 7000 7500 

413000 370000 403000 380060 
40300 37500 39900 MOW 
61500 mm 60600 «®M> 
48900 46500 47800 46000 
7QSD0 680C 5 69000 «« 
12800 12200 12400-11800 

Corny Lite bis 
OriaoTunq Bk 
Qrino Dmdpnrt 

Hid Bank 

5ldn Kang life 

Did Micro Sec 


Singapore a*J*!!S5 

4235 42.10 
27 2680 
3616 3540 
35U 35» 

17» 1740 
9298 3216 

, mi 4L10 

1 2.3 

34 3335 
2640 263S 
ID 91* 
4040 6040 

4M 4ZU 
27 274B 
£40 36,15 
3SV4 75H 

ins im 

32-55 33 

40.15 4040 
30 2935 
211* 21.15 
1730 1740 

3MS ^ 
2640 2640 
9» 10 

AM 6U0 

Ado Poe Brew 
Cental Pnc 
Oty Darts 

HKLBBd* ff 
Kkffd 4 

137 135 m 

17S 1« 170 

2130 24 2110 

79 2830 MM 
140 13930 140 

45 4430 45 

- S4 379 3Bta 
257 255 257 

109 1IM 10530 
552 542 546 

317 313 316 

140 139 139 

145 140 IM 

517 515 515 

4630 4530 4530 

630 635 

185 ITS 
13L70 1350 
1440 1320 

020 868 
1820 » 
424 IM 
1050 10 

241 256 

745 735 

186 330 

635 6.10 

328 324 

483 428 

356 186 

!£28 15 

825 845 
665 6JS 
640 650 

1240 1Z10 
640 640 
2720 2730 
358 354 
230 24S 

132 338 

1.10 135 
1540 U 
434 4.18 

635 635 

6£5 4-75 

1340 1180 
1430 1190 
048 049 

15 1820 
422 444 

1030 ALSO 
239 237 

745 745 
336 330 
630 (20 
326 326 

432 450 
196 338 
15 1530 
840 820 
640 645 
640 645 
1330 1230 
US A3 S 
2740 2730 
336 198 
247 249 
128 332 
137 1.11 

1530 1530 
120 434 

Atari Bank 
Atari Class 








Dolw Btaft 
Ddw House 

Fw Photo 






JAL , 

Japan Tatoar 



AGAB 101 101 10130 


Mdfiv 308 299 29930 308 

KnnsaJ Bee 

Kowa Steel 
jOnUt Woo Ry 
Kota Steel 





Matsu Camai 
Mata Eke tod 
Mattel Sac Wk‘ 

MBted . 

Al Oidoartas; 2M93B 
PravtaUB 265MB 

I 838 840 847 

I 9.70 935 945 

i 1835 18.90 1849 
> 411 422 410 

I 2540 34JB 25Jffl 
i 1451 15 1454 

1 1527 1530 1545 
i 63S 643 634 

I 725 725 730 

i SlOB 5.17 5.13 

! 1.78 130 Ml 

i 1239 12.18 1105 
I 2635 1635 2630 
i 1.92 132 134 

i 18J0 1828 1823 
t 1.98 2 1.98 

I 412 612 614 

346 349 168 

l 448 468 <20 

I 7 724 7 

2230 2241 2229 
I 813 828 813 

I 826 827 826 

. 7.70 7.7D 7.75 

I 1036 1135 TO® 
» 412 418 417 


Prorieos: 131532 

141 156 139 

113 116 112 

-50 6940 6650 
119 123 11850 

1531 2840 2840 
111 115 no 

L5B 7550 7350 
50 11350 10850 

63 68 63 

B3 8550 8350 
50 97 85® 

150 102 96 

56 5630 56 


64 6831 1 6350 

Mttal 225 : 2 HII 45 
Pnvieos: 2852807 

1170 1180 1220 

72 S 738 m 

4680 4740 46 » 
856 865 840 

677 689 675 

1130 1338 1130 

2150 2170 2150 

589 995 588 

2680 2680 2680 
2970 2970 2960 

213 ) 2148 2140 

2060 asm 2080 

2470 2420 

791 792 806 

1300 1 *® IMS 

520 523 523 

1370 1370 1370 

907 910 901 

8330 a 8400 a 8430 a 
2660 2700 2780 
5890 a 5940 a ® 0 fet 
2240 2250 2340 
4360 4 3 SS Am 
1670 1700 1660 

4530 4530 4510 
1490 VMS 1480 
1130 1140 1130 

1270 1300 1160 
3400 3440 3300 

1540 1 S 80 1540 
446 447 445 

624 fi 2 S 623 

mi 6930 6750 
SIC 514 511 

901 M 9310 a 9290 a 
3730 3760 3790 
632 639 627 

2250 2280 2260 
1570 1580 1560 
529 535 53 J 

352 356 346 

TOO 701 703 

1170 1200 1160 
224 224 

jii 913 907 

S 73 573 577 

17 V 8780 1720 
2070 2070 
411 420 409 

505 509 516 

2280 23)0 2270 
3910 3960 3910 

SJ2 $S- : £S 

. -. 13 ® 12 H? 4308 
14 » 142 Cr lJ® 
365 369 367 

MB 683 (66 

1640 1670 1650 
852 855 046 

838 838 848 

1730 1780 1750 

ion .no mo 



% change y 





.+2^18' — 

179.45 ' 




+0.25, - 






* 0.97 























MBsui Furiosi 1580 


Muiata Mlg 

NEC ltfifl 

Ntem 1950 

NttaSec 715 

Nintendo M80 

WppEmieK 945 

Nippon 01 649 

Nippon Sta* 355 

Nran Motor 800 

NICK 240 

Nomura Sec 1480 

NTT 1110b 

NTT Data <53® 

00 Paper TM 

Osaka Gas 312 

Rfcob IM 

Rotim 113® 

Srdcua Bk 836 

Sariqn 3780 

Soma Balk 1700 

Sanyo Elec 527 

Scam 8390 

Rwy 6150 

ScUstri Cnetn 1210 

SeUsiriHouw 1210 

Sema-Elwan 8780 

Shop 1550 

SMcokuEIPwr 3030 

Striaaizn 697 

ShkMtsaOi 3020 

ShbeVto 1870 

Slrimka Bk 1230 

Sadbank 7640 

Sony 9950 

5*4»llomo 1070 

SuntanoBk 1B50 

SumBChm 514 

SuailtoiiwBac 1870 

SumBMoM 316 

Sumlt Trust 1230 

Totelio ptnrm 3060 

TakedaOien 3170 

TDK 8350 

Tabaka 0 Pan* 2090 

TokoiBaft 1070 

Tokyo El Parr 
Tokyo Electron 

' anen 
Taw tod 
Tom Trust 
Toyota Motor 

Late ClOM 

1570 1580 
870 883 

4430 66E8 

1640 1660 

1930 1940 
704 707 

9510 9510 

930 945 

634 649 

3«8 3S 
792 800 

235 239 

14® 1680 

ism uiv 

a 452V 
710 722 

307 313 

1520 1530 

11100 11100 

824 835 

3730 3760 

1670 1680 
518 527 

8369 8380 
4070 M«0 

S2EEB 1300 
1190 11M 

8740 0780 

1535! 1550 

M10 2010 

675 697 

2980 3020 

1850 1870 

1190 1200 
1050 1060 
1830 IBS) 

S 514 
319 316 

1190 1200 

3030 3050 

3130 3160 

S*70 8270 

203® 2080 
1050 1070 

1380 vsm 
2<20 2439 

5610 5800 
310 314 

706 717 

1420 1430 

1720 IOT 
804 m 
756 770 

3720 3220 

890 890 


Moore 3030 

HawfaridoeNet 6W 

Norandomc 32 

Nrocen Enemy 33 

NttiemTeleam 125 

Nora 1145 

Onex Z7te 

Bonatn Peflni 30.15 

PMroCda 2405 

Placer Dome 26U 

PomPetan 14V 

PrriastiSnk 1081S 

Renabsana 4140 

RtaAlgom 36U 

RagenCroiteiB 27K 

ScaamnCa 57ta 

SheTcdoA 60.95 

Sunaa 3635 

Tottawn Eny 45.90 

TeckB 311* 

Tdrolobe 5020 

Tdus 25.7B 

Thomson 341* 

TaDom Bank 4220 

Tronsatta IM 

TmnsCda Pipe 27.95 

Trimark FW 59H 

Trizoc Hdm 301* 


ritestasast Eny 2516 

Weston 93 


Bo etdertW riati 949 

Credlnost Pta 483.70 
EA-Generofl 3060 

FlHBohnWlen 520 
OhW_" 157920 
OestEIekWr 87005 
VAStedd 56620 

VA Tech 2235 

Wlrnwtay Bou 2545 

X 30-05 
5725 58Vi 
31.70 3135 
3214 3280 
123.10 12316 
113D 1135 
27 27.10 
is 30 
2190 2325 
2540 25» 

14Vi 14J® 
10740 10820 
4080 4U« 
3640 36j® 
27 2740 
SM 5680 
60V» 6035 
3520 36H 

4530 4545 
301* aa« 
49 J0 SOW 
2535 75 w 
31® 3320 


16te 16.65 
2720 2735 
571* 58 
3040 3045 
835 840 

9tW 93 

ATX tadee 110727 
Prevtoute 130239 

933 938.90 930 

47050 «20 

3000 3060 3D0 

im m& 

50540 510.10 520 

1551 1553J0 15*6 

t fg /n B69 87085 
56110 566 56450 

7100 2211 2186 

2S31 2545 2540 


Alberta Energy 



TSE todtatrifllB 654421 

Piterkras: &55CL6T 

WVS 25h 2520 
3255 3230 3225 3225 
51.15 5845 5045 5130 
1825 1U5 1855 1820 

aa S3M sm ssm 

58.95 5860 5860 5865 
3435 - •“*“ 



Wellington »bm 

AlrHZeoWB 638 437 

Briefly knit 138 137 

Carter HcAoni 350 345 

FWdlOlBWfl 4.12 m 

FUdiChEny 424 433 

ReftJiCh Foret 1-99 1.95 

FWch Oi Paper 341 338 

Lion Nathan Irt Ififl 

TdeamNZ 7.15 7.10 

WDeon Horton 1120 1141 

lodo: 737082 
iftaui: 211429 

428 428 

138 137 

350 349 

411 410 

423 425 
T29 125 

3 41 338 
169 370 

7.12 787 

11JD 1145 


48.15 6040 

2% SS 

3uv jin 

& ^ 





2080 21.10 
1425 m 
13.10 13.15 


5 PI beta: 340411 


537 531 537 539 

1463 1444 1455 1656 

2140 3095 2095 2140 

900 890 900 900 

3140 2101 1128 2120 
3450 3375 3390 3« 
1 1» 1170 1177 1175 
139 13535 13635 138 

936 918 921 934 

19135 18450 10 

538 536 538 

6490 6440 6460 
5040 4960 SOW - 
KM 1375 1393 1379 
506 506 SD6 

1832 1812 1815 1 
2094 2063 2088 3 

172 16450 10 17Q 

1950 1927 1940 1 

827 812 816 

1954 1941 1941 1944 
265-266 857 



1384 iS" 1340 ill 
990 1962 1966 I960 

1 ^ a 

% a ^ 



PAGE 18 

Monday's 4 P.M. Close 

Natomkte prices not reflecting hie trades ebewhem 

- 1 1 1 s 

& B li 

v e be 

& SB? 

*» IW11 

Sill I 

ill i i 

177 mu 1» £• 

m i 

^ T 8 3 | 1 

* If? 5 1 
r,.sis ib 

*« I 

* if i 

is & 

S II s 

a „8 82 

#i s* ssr 

*. ir* w- 

m in >( 

£7 ft- & 

J*i 2 j*«i &■■ 
&'■ 24 U 

IS a a ,S 1 ii 

- - ; ii $ 

,w •? S M Sis 

3 3 ? 3 * 

1,1 r £« 
j» 2 i] 'B«'K 

!c!| £ 

?4 i 1 ii it3 41 L* 

Jg <p 1 » 

91 ? IS 

?a a r £ & 
«g a - b a 

&° ! I J* 

„ -4 I» i 

fo 4Vt AMMBO 

sS iis sas? 
us is ssEf 

in 514 40 IF 

{•« null AModPn 
Sfe nn apw 


II Bl 4 

I iii If 
.- fi If 

tt St: ssf* 

r« in ASEO 

I v- AIM Of 

& .a s ssj. 

1 ?>9 US* UUMH 
I*. ID'S CM 
l ar« A«srd 
«• in* AnSlFto 

li ' io^ Am&jP 
iim io*i 4c3P2 


ft ’life 
- ’US 3 
_ s ,s r 'a 


& .a £Xv 

a .u ass 

% ”S SS 2 S 

7IU IT* 4rx*H 
vv* to 

a n*» im* 

M 10*1 talR/l 
V* 10* tapnc 

!? '«?•!£? 

^ & a 

•»» IF. in 

ra ??■ sw* 

mv, (Min' 

S' J 

is, SSt-*" 

35 J ISfS 

8 "a ra 

*3 IJ4» 71 

*» lE: »■. 

*» >fc: 5 ?' 

_ IS 2Mi 


- •j*®* 

ft n Sin 

7 125*1 5K 
■a ** in 

ii «»* i»». 

» «o ti 

U Ml 77V. 

i«S ll niwHFfl 

tf* ji- aUTIi 
ii'- 5 ?“ SSFp. 

r r ssjs 

3? » S3? 

g-J m* uw 

m, 71, Mmcn 

■5 ,5 * 

B ii ? * 


S* U - 
la »5 : 

2.W _ 

$ y e 

si»?~ a 

*3 ??? 7 ?!! 
on 4 . jo 

ihS J& S" 

B f 33 * 
*i iifi 5 * Eft 

- 1712 1*4 1J 

H J4S 71'-. 7»4 

20 7II» 47i 17* 

- 41' I7i 1 1 2k 

21 i* **i 

15 »! k .13 
: IIK TT* 



- -ia if is 

IB 21 fl -1 

> 1011 |£* lo 

ll bdS! 2! 

ll »O0 1 0*i U* 
I." 3>k 2S‘k 
14 dOMtIJa 7^4 
^ 2J0T ?1ki 71*- 
. nf* h 

74 » t4^m 3I>| 

: 3 £ JT 

24? K «\| 

- SJ IPi IT« 

- 2110 g» j.’tk 

7* 47?? ■§* «! 

ii *xn nn «n 
s m Jn n 
* >i r» 

12 iai Hn 

M liu II IS* 
11 74 74 m 

Ii *W 42* 

30 770 71 

Jb in U'i 

15 74 IV r-i r.k 

1/ 231 I J*. IJ 

Wl |7»-. |7i% 

15 1BI «44n 43* 

48 7® 79't 

lie k. 

- Jos of* i?. 
_ JD Bi. 9-t 

5 n 1»% Vi* 
nw > 1 * S-“ 

. I <o ?r -i 7* 

?f 1IJI61TV* 3411 

I3I61TV* 3411 

*■»* n* 

49? r*t« I5H 
7 '4 ZA. 74 1 

* *»k 7 * 
r» 9 7*1 

■ » r. 7S* 

» IW IT* I«1 
v . 14 pi *n 
llUiTtf W» 
^ t±)r 34 1IH 

-4 «j‘ 2 n &; 

n aa I** i«-2 

■ 7 301« 24i. 

“ ui s?a ira 

: i« ^ IB 

24 ITS ’> 7fV 

if- U if l» 

1& 7E »0l* I* 

_ fi ??-i rr»i 

19 90 34*. 14 

?1 171 ®l 4 VO a .« 

9VV9 30. ■ 

14 Si R 20* 

14 Ml 21^ ft* 

15 IBS J13* W 

II T 3 49 * 4 »* 

59 JV 



. BK IBlh IBia 
■6 »■- Jm 
19 44'i 

it wK»S** »'£ 

&a os « 

KSSSf ■’.?} Aj 
SSE^ ^ i'- 

PtRplA lODc 4.5 
HWvff i Ii li 
M-3CIF 1.97 ;# 

TB »»» 

1 4 04 

rO ts w 2s 

: "S RST K 

. in an n 

i* i?» >»*■ Vf. 

? 4«V; ii'. 

rt «& ss ss 

f ?j 5 . am 

. u «'l 

a in sv in 

_ I«1 ?,n »I 

<i i /*» Jr* 
rt !•■ rr» 

ii ii /»». 2 % 

ii mo dm n« 
3 (St lit 21 
is 7i» :r n jj 

B 3 J S'®? ^ 

a *a 


Uxfc Oa YM PE HOC I 

O* Min Loo saa Oh w PE HfaH* 

M9 L« SU . Dh W P€ i«W l" ‘ jSal 

3te» D» * PC »»W 

■ M» Ua UM a. 

* •! B 
.» a 1 

m a 

»asnl ^ 


ll H W ' 

7 2 * n 

&■ m n 

?■ -'a i3 

P if Q 



5 -If. 

,a 8 

F a » 
ft 1 a a 

T - .3 

?" .iil « 

* i C F iB 

> II 

i i 

i 2* 


Did You Miss 
A Day This Week? 

ii '0 3 


ll m 

S Y * 

ll p | 
? .si M 

This past week’s front pages are avail- 
able for viewing on the IHT site on the 
World Wide Web. 


i Ji i 

t iSd 

l' an 

g5 i, HV> La. Sou 
*?vs .« 


.w p 

¥ irt 

IfT 11? ii 
£ 1* '5 
E- J" '1 


hM I 
:■ fr f 

i ii I 

“ 9 is £ 

i M 

l> mu » i 

! }g & 

- ‘ii&n |fe 

!•;] i 

|1 15 2S* 75 

T ** v- 4'k 

54 404 <;%9 

on 44. 4i* 

4 54hb nn* 

la vn jr» l n - 

L 1 . T2W7 2* 

a nft^ IS 

30 IflK 

I « B 1 

f J 

a 430A T-H U I 

#T 25 • 25*1 

• 51 w ft 1 ' 

: | as 

<i tw 3^ Ln 


10 BIU 4B‘« 

11 ■a is, 

k ,"s V". 

^ Jt *•'* 

II* liT?u,74 
ii mi lav* 
ip nil him 

Im |f| 40U 
?J 4J‘ * 

I* 04 1W* 
14 1)02 7HB 

_ MCE vy 
19 7J TO*- 

» -ffi f K * 


b* yw PC ItDvHn* 

I i.J I? r$ 

Lot U*e i*v 

'2Mmt __ Si, 

HH» Ln* SIK» D»* rn Pt lOOshnS Lot LflIBJ Ckf* 


* i s 

IU ,1 * 

® R g 
.JO ..5 8 

ft-- S'* -C 


11 ^' 



j I 

i k iS 

J13 p2 'H 

is is s 

? £ 


611 M . 

Is 8 = 

ft K ? 

'1 ’l 1 1 
f if * 1 

’( I! I 

:l?j a I 

ffni Jfi* 'i. 

I:- If. 

1 1 : l 

,1“* «4f* *n% B4V> 

1*929 9 F*® Wlfc 

\s U if 849 

,:!7 “ * a? 

1 23. *2 *: TC 

-44 4 li 

r mi 

P ll 10 id 11 . 

} i? 

M 2<nu 

12- I 7 ** 
-Ii 111 , 

ar *» 




o 5 P ;*v 
2 « gi ia> n 

S aasfe, 
isi & 


r a® 


- A® 

- M IM 

E 33 % 
- ,£ » 

I If 

* * '] ’ll 

iB i| li £ 

^ it *e a*i 

« a i* „s *n 

- JS'-fti *3. **#v 

S ffi ^ ^ n 8 

m |i i s 

« »ja bv* iJ" j2 

l j» B I 

£ & B 

M % 

as ,a ■ 

» *S 15 % 

s 'aSsM r p 

- Ifil sics 1»1» Tin 

1 U-C S 

s 11 F i 

Bilgfe 7 !, ffl 

? 1 -S 3 a & 
•s-jg E |g 

5 g fijj » p 

b JS S 5 ? 

M 1T7SMI m M 

i^da IK KB 

2 J w ss ?sr 
? If F I 
: fig IS ll 

ii li £ a 

? 2 a. as a 

r s ,R ,« 

IBB to 

<• U2 UV, MV. MM 

A "Kl 2£5 ?«* 

* % a £ s?{ 

r P ^ C *51 

S .Sia £v. a 

>i =?,«? ,?* ^ 

; « I s 

1 Ii | i 

rife Is k 


nil K 


jp £ sS 

: | » !£? JS 
= sB IF a Igf 

- '»» In. 

- ,*S *!2 i** iw 

““}fa ! 5 IfS 

J ite & 

rt S* »S IS 
g S 3S 
,7 ^ -t 

8 i 1 P B 

ilia I 

'2 ??■ tk. 

Ii ’y-^a S; m 
" o .*n n m 

8 || II 
lift I 

118 SI 
5 Jf! I fe 

a S y, 

M I s 


K wm 

v* tom 



5 r HiiiifD 

— rirpj^ 5 

‘ -■ i#jjp |i 

’ »4>iiposrtr 4«. ,*s 

ail Seoi 

- •j.rar.'ST r .rtf'IOft A) 
' r- rtf 

r ’• JssjL'fj* c*'W#' 
--r t-- «wr<l dBT- 

ikt Zi 

iw? 1>(- e&4si£- hat, 

r-.-A MT- -. '**$**& 5*1 

* i ' —-jiljibBaiAi 

r r?*-Tft Jr^-5^ 

>r;.~ ji^-.'r.. C 

g E ? 
“ - 

I ? 
i; i 

irbs roreig] 

as € ss 

Continued on Page 

C ' -t >. £—1 Jj-* 




< Facing the Music in Hong Kong 

Record Industry Braces for Change After Chinese Takeover 

By Richard Covington 

Special to the Herald Tribune 

• HONG KONG — In China, dish- 
ing oat payola to radio disk jockeys 
for airplay is common practice, local 
observers say. 

Hit records sometimes disappear 
at die height of their popularity; once 
the costs of producing recor dings are 
met, production often abruptly stops 
regardless of demand. Advertising 
and promotion for music is virtually 
nonexistent and no one seems to 
know bow to track concert box-of- 
fice receipts. All imported songs are 
subject to strict censorship. 

In Hong Kong, when a record is a 
hit, the marketing just keeps on 
coming. The promotion machine for 
pop stars churns out expensive mu- 
sic videos, glossy ad campaigns and 
lucrative, jam-packed concerts at 
400 Hong Kong dollars ($52) a tick- 
et. Payola, if discovered, is subject 
to daunting fines. 

• Song lyrics, including protest an- 
thems about the 1989 massacres 
near Tiananmen Square, are largely 
free of censorship. 

As a result of these differences, 
industry analysts say, (he music 
business in Hong Kong is due for a 
drastic shake-up after the colony is 
handed over to China in two 

The upheavals are likely to work 
both ways. According to Giouw Jui- 
Chian. regional director of the In- 
ternational Federation of the Phono- 
graphic Industry, a watchdog group 
representing 1 ,300 record producers 
in 74 countries, the momentum of 
the city's booming $185 million 
music business will exert profound 
effects on the Chinese musical land- 
scape. Mr Giouw was speaking be- 
fore an audience of Western and 
Asian record executives and pro- 
ducers gathered here recently for 
Midem Asia, an annual market and 

festival devoted to the music in- 

According to Mr. Giouw and oth- 
er local observers, after the hand- 
over the Chinese will inject new 
venture capital into Hong Kong’s 
recording business and heighten lo- 
cal competition. 

“Chinese music producer* will 
flock here because they will have 


more freedom to exploit their capital 
investments,” Mr. Giouw said. 

The Chinese also will accelerate 
the shift to a new language far song 
lyrics, as Mandarin steadily over- 
takes Cantonese,. Hong Kong’s 
ftnmjnqq t language, in the rush to 
reach vast mainland audiences that 
now buy $220 million -worth of mu : 
sic, according to industry figures. 

- In return, the Hong Kong record- 
ing business will introduce sophis- 
ticated marketing, techniques that 
are virtually unknown in China. 

In addition to raising the gen- 
erally low s tandar d of Chinese re- 
cording and music-video produc- 
tion', Hong Kong’s producers also 
are bound to buff up the profit 
motive, a necessary evil their 
Chinese counterparts are now loathe 
to admire, at least in public forums 
like Midem Asia. 

“We do not use a term like in- 
dustry to describe music publish- 
ing,” said Zhan Ying Hu, president 
of the Shanghai Audio-Visual Press, 
the largest of the country’s " 206 
state-owned record companies. 
“We place a great premium on 
people’s thinking and morality apart 
from the. economic benefit of re- 

Still, the company captured 15 
percent of the Chinese market last 
year, doubling its profits over 1995 
and generating 200 million yuan 
($24 million) in sales, according to 

Mr. Hu, 

Even though the Shanghai con- 
cern co-produces records with most 
of die major Western labels, Mr. Hu 
complained that foreign companies 
are largely. interested in promoting 
■their own artists, not Chinese mu- 

“There is a great discrepancy in 
our intentions,' ' he said. 

* Cranking out hits is -one glaring 
discrepancy. While Western labels 
go into overdrive to sell as many 
copies of a record as possible, 
Chines e producers frequently sell 
only the number of copies required 
to cover production costs ana then 
simply stop production, according 
to Henry Winter, an industry analyst 
with the Hong Kong office of Booz- 
Allea & Hamilton, the international 
management consultancy. 

“There’s no incentive for build- 
ing up an artist’s reputation or a 
label’s brand name recognition,” 
Mr. Winter said. 

As Hong Kong and Taiwanese 
producers and the major labels 
move more aggressively to sign 
contracts with mainland Chinese 
performers, high-profile promotion- 
al campaigns will inevitably follow, 
transforming the country’s music 
scene, he added. 

At present, radio is the most com- 
mon means of promoting new acts 
in China and paying $500 to $1,200 
to disk jockeys for airplay is a 
widely accepted, if not entirely le- 
gal, practice, according to William 
Brent, president of China Entertain- 
ment Network, a media consultancy 
based in Shanghai. 

It is so far unclear how China’s 
censorship laws will affect the free- 
wheeling Hong Kong music scene. 

“If bands sing about Tiananmen 
Square or put in other controversial 
lyrics to sell records, Hong Kong 
authorities may be forced to crack 
down first before Beijing steps in,” 

" r 2 ® .jdjp - 

— --m- y\ - 

J.. 2150- -V— 

"A ••8ioo : 

'■* 2050 : . 

> 2000 -^-T- 

; ' Nikkei 225 

. — --22000 • 

.... .21000 • • 
20000 - 

v :U 

V ; tuuw - !■ 

J F M Ain' 1950 J F M A M J 17000 : _" M ’ A M J 

<007 1007 1397 

'Ml W 

^r;;;.edmposfte todfox 

"J**'- J 

Visitors to a Beijing shopping center passing in front of a poster 
Monday for “The Opium War/' 1 a Chinese-made movie that 
will open when China regains control of Hong Kong on June 30. 

Mr. Giouw said. 

Jeffrey Cheen, an American re- 
cord producer who has lived and 
worked in Beijing for the past eight 
years has firsthand experience of 
how sensitive the Chinese can be 
when it comes to music. Shortly 
after the 1989 massacres near 

Ti ananm en Square. Chinese censors 
excised an instrumental section of 
staccato drumbeats from one of Mr. 
Cheen’s records with the explan- 
ation that the music had unaccept- 
able political undertones. 

The passage sounded like ma- 
chine-gun fire, said the censors. 

Unions Assail Seoul’s Plan to Reform Banking Industry 

Citnpded by OvrStgFam Dtipaurba 

SEOUL — The government an- 
nounced a final package of financial 
reform plans Monday aimed at re- 
vamping the coundy’s ailing bank- 
ing industry. 

But the plans, which call for a 
regulatory agency overseeing 
banks, securities houses and in- 
surers and dilute the central bank’s 
power, met with instant resistance 
from bank unions. 

The finance and economy min- 
ister, Kang Kyong Shik, said tiie cen- 
tral bank, the Bank of Korda, would 
give up its supervisory function to the 
new regulatory body, to be called the 
Financial Supervisory Board. 

The central bank will remain free 
to set monetary policy, Mr. Kang 
said. But the policy-making Finance 
and Economy Ministry will retain 
powers to set overall financial 
policies, enacting and amending 
laws, and grant banking licenses. 

The minister described the gov- 

ernment’s reform draft, which has 
yet to be approved by Parliament, as 
a “future-oriented” framework 
needed to meet the challenge of 
competition in the 21 st century. 

But the central bank’s union im- 
mediately declared itself opposed to 
the moves. 

“We will stage an all-oat straggle 
against the government’s move to 
institutionalize its control over the 
b anking industry,” die union said. 

The union also demanded the 
resignation of Lee Kyung Shik, the 
governor of the Bank of Korea, for ~ 
agreeing to give up the central 
bank’s supervisory function. 

The move came as several top 
bankers and lawmakers were be- 
ginning prison terms for accepting 
bribes from Hanbo Group, a steel- 

in January under $6 billion of debt. 
Prosecutors and critics of the current 
system say the scandal underscores 
the way that South Korean bank 

executives often approves loans to 
ineligible companies in return for 

“This must be fought for the 
transparency of Korean banks,” 
Kim Sun Chang, a union leader at tbe 
central bank, said of the new pro- 
posals. “Otherwise we’re headed to 
see more bankruptcies like Hanbo, 
where the government puts pressure 
on banks to lend money to finan- 
cially troubled companies.” Eight 
more politicians were indicted Mon- 
day on charges of having accepted 
money from Hanbo to put pressure 
on bankers to extend more loans. 

The finance minister insisted that 
die package would help South 
Korean banks — which have been 
troubled by structural problems 
such as low productivity and in- 
efficiency — to meet competition 

from foreign institutions. 

But union leaders complained 
that government interference was 
impeding reforms. They assailed the 
government-initiated reform pack- 
age as a “change for the worse 
aimed at stifling the central bank." 

“This plan is nothing but a retreat 
that is aimed at adding more power 
to the government,' ’ Lee Pil Sang, a 

professor of economics at Korea 
University, said. “Ironically, the so- 
called reform drive is Likely to de- 
stroy the efficiency of the financial 
industry.” Bankers and government 
officials have been arguing over the 
measures since President Kim 
Young Sam set up a special com- 
mittee in January to work out a 
reform bUL ( Bloomberg , AFP) 

j- 1997 1997 1997 j 

■ cS- aSj 

>14 s.55 +2. Q0\ 

■ f.moa " 1 . 990.12 +o.os. 
' “ *669.30 ' 2.655.3G +0 ; 5Sj 
... ..50,681.07 .20,52&j5.t0.^| 

: •• ■■■ Lomas -o.og j 

/ “ . . _ ' * ' sis-eo ~'-Q ; 79 [ 
"789: 15 1 

W**. 8,640-45 A31&.02 ' +3.91 j 
Mi ■ r ■ ' • 2J90& ***** -3.3S | 

' 705128 698.62 *0 95j 

zjae& 9 +otsj 

■^w^jSSsbbaattfe.todex ;; IjjiBSM " 4,029.89 j 

Sowvo: TotiflCUO lnii,itui»»njl Ifcwi Trihwi 


• Barclays Bank PLC of Britain and Hokkaido Takushoku 
Bank Ltd- of Japan are considering a cooperative venture in 
the Japanese market that they said might include joint de- 
velopment and selling of financial products. 

• China this week is selling its first bonds denominated in 
Deutsche marks, to try to attract European investors. The sale 
is set at 500 million DM ($282 million ). 

• Taiwan’s government sold a plot of land in central Taipei's 
new financial district for a record 64,700 Taiwan dollars 
($2321) a square foot to Nan Shan Life Insurance Co. The 
insurer will pay $2.72 billion for the land. 

• South Korean prosecutors began an investigation into an 
alleged attempt by Samsung Motors Inc. to absorb Km 
Motors Corp. Kia accuses Samsung of spreading “malicious 
rumors” about its finances as part of the takeover bid. 

■ Hainan Airlines Co. of China began the sale of a 15 percent 
stake in an initial public offering valued at $33 million. 

• Japan’s Diet passed legislation establishing an agency to 
regulate banks, brokerages and other financial companies. 
The agency would take over the supervisory functions of the 
Ministry of Finance, which has been accused of allowing a 
series of financial scandals in the past decade. 

• Taehwa Shopping Co., a department-store operator in 
South Korea, filed for court receivership after seeing its 
business hurt by competition from larger rivals. Taehwa was 
the market leader in Pusan, the country’s second-largest city, 
until Lotte Department Store and Hyundai Department 
Store moved in last year. 

• State Bank of India said more titan 800 branches in the 
western states of Maharashtra and Goa were closed Monday 
by a strike by officers protesting the suspension of three of 
their colleagues at the company’s main office in Bombay. 

• Chinese state employees' rent bills will he raised u> 1 5 

percent of their salaries by 2000 from 3.64 percent now . t<> 
help finance housing reform. aft. bt^mherg. me, . 

Hongkong Bank to Shift Management to Shanghai 

Agenrc Frume-Presur 

SHANGHAI — Hongkong & Shanghai 
Banking Corp. said Monday that it planned 
to increasingly shift its management staff 
from Hong Kong to China's financial center, 

Chris Langley, the bank’s general man- 

ager, said that 95 percent of HSBC’s China 
operations were controlled from Hong Kong, 
which is to return to Chinese sovereignty 
July 1. 

“We’ve seen the authorities in main- 
land China repeatedly stressing the fact 
that they want Shanghai to be the pre- 

eminent financial center." he said. 

“We are a financial institution, and there- 
fore increasingly we are going to move our 
management staff to Shanghai." said Mr 
Langley, who was in Shanghai for the open- 
ing of the bank's branch in Shanghai's Pud- 
ong New Area. 

Vietnam Curbs Foreign Ads 
For Tobacco and Liquor 


HO CHI MINH CITY — The gov- 
ernment has banned the sponsorship 
of sports and cultural events by for- 
eign tobacco and liquor companies, 
a newspaper reported Monday. 

The daily Vietnam News said 
Prime Minister Vo Van Kiet had 
announced the measure amid con- 
cern that Vietnamese manufacturers 
were losing out to competition from 
foreign products. 

It said the government also had 
decided to halt all further foreign 
investment in cigarette production 
and to step up efforts to stop the flow 
of smuggled goods from Cambodia, 
China and Laos. 

The move brought swift condem- 
nation from industry executives in 
Ho Chi Minh City, who said it was a 
blow to foreign advertisers already 
facing significant difficulties. 

“We haven’t been told anything, 
so we don't know the details,” said 
one executive, who asked not to be 
identified. “But we would regard that 
as actively making it more difficult 
for us to do business in Vietnam.”. 

The ban would fall heavily on 

international corporations such as 
Philip Morris Cos., the manufac- 
turer of Marlboro cigarettes, which 
sponsors sports events such as mo- 
torcycle racing in Vietnam. 

The ban does not apply to beer 
companies, which are allowed to 
advertise their products in Vietnam 
and account for the majority of ad- 
vertising dollars. 

The government has long made it 
clear that it intends to tighten con- 
trols on advertising and promotional 
activities and to regulate an industry 
that is overwhelmingly dominated 
by foreign agencies. 

Foreign companies in Vietnam 
face a range of restrictions on their 
advertising and promotional activ- 
ities. A recent campaign by Coca- 
Cola Co. to award bicycles in a 
contest was criticized by state media 
and banned in parts of the country. 

Vietnam News said the govern- 
ment also would seek to help do- 
mestic industry by offering “ma- 
terial and spiritual incentives" to 
the anti-smuggling task force and 
the public to promote the battle 
against smugglers. (Reuters, AFP ) 

Singapore Agrees 
With Thailand on 
Closer Cooperation 

Agence Fnmee^Presse 

BANGKOK — Thailand and Singapore 
agreed Monday to increase their cooperation 
and to help Burma, Cambodia and Laos 
integrate the Association of South East 
Asian Nations, officials said. 

Prime Minister Chaowalit Yongchaiyudh 
of Thailand and his Singaporean counter- 
part, Gob. Cbok Tong, attended the signing of 
a private $700 million joint-venture agree- 
ment to develop an industrial park on Thai- 
land’s eastern seaboard. The venture, be- 
tween Singapore’s Jurong Town 
International Co. and Thailand’s Eastern 
Sugar Co„ could become a springboard for 
investment In Buraia, Cambodia and Laos, 
officials said. 

The two governments also set up a training 
and development program aimed at easing 
Burma, Cambodia and Laos into ASEAN 
after their entry into the association in July. 

The association decided to admit the three 
countries at a meeting in Malaysia last 
month, expanding the association ’s market 
to 500 million people. 

In Manila, meanwhile. Foreign Secretary 
Domingo Siazon backed the creation of a 
single investment area wi thin ASEAN to try 
to compete with China. Mr. Siazon said Mr. 
Goh had proposed that ASEAN nations lure 
investments into the region as a whole in- 
stead of competing with one another. 



Registered Office: 

2, boulevard Royal, L-2953 Luxembourg 

Shareholders are hereby convened to the 


of shareholders of our company, which will take place 
at the offices of Banque Internationale a Luxembourg, 
69, route d'Esdb, L - 1470 Luxembourg, on July 4, I9y7 
at 2p.m. for the purpose of considering and voting upon 
the following agenda: 

1. Submission of the Reports of the Board of 

2. Approval of the Statement of Net Assets and of 
the Statement of Operations for the year ended 
as at February 28, 1997; 

3. Allocation of the net results; 

4- Discharge to the Directors; 

5. Statutory appointments; 

6. Miscellaneous. 

Shareholders are advised that no quorum is required for 
the items on the agenda of the Annual General Meeting 
and that decisions will be taken at the majority of the 
votes expressed by the shareholders present or repre- 
sented at the Meeting. 

In order to attend the. Meeting -of July 4, 1997, the own- 
ers of bearer shares will have to deposit their shares Svc 
clear days before the Meeting at tnc offices of Banque 
Internationale a Luxembourg. 69, route d’Esch, L - 1470 



Society cflnvestissement a Capital Variable 
Siege Social : 2. Boulevard Royal 

fLClaa c mhanoc B4~669 
To our shareholders 

We have the honour to invite you to jlteml the 


of the Company to he held at the office*; of Banque 
Internationale a Luxembourg, Socirtc \nonvnu-. (»9. route 
d’Esch, L - 1470 Luxembourg, on June J5ch. 1997. ;it 
3 K)0 p.rn-, with the following agenda: 


1. Report of the Board of Directors and of the 
Statutory Auditor; 

2. Approval of the statement or net a.<w«Li and or 
the statement or operations a* at 29 Eebruam 

3. Allocation of the results; 

4. Discharge to the Directors: 

5. Statutory appointments; 

6 - Miscellaneous. 

The shareholders are advised lliat non quorum i-> n*<piin-«l 
for the items of the agenda of the Annual General Meeting 
and that decisions will he taken on a simple majuritv of 
the shares present or represented at the Meeting with no 

In order to attend the Meeting, the owner* of bearer 
shares will have to deposit their shares five elear duv. 
before the Meeting with Banque interiialionule'.i 
Luxembourg, 69. Route d’Es.-h, I.ii\eiiil.»urg (t*. in- 
attention of Mrs. Nicole Dupont). 

The Toezone Layer. 

Give >our toes 5 inches more tootsie room than any other airline to Canada on Air Canada's Executive Fust... and v<.m can earn and redeem Frequent 
Flyer miles with Lufthansa, Swissair and Austrian Airlines, British Midland and Air Canada's Aeroplnn. Details on Internet; http: www.aircanada.ra 

PAGE 22 

World Roundup 

Tennis Wimbledon again di- 
verged from world rankings Mon- 
day when it released the seedings 
for next week’s championships. 

The All-England Club made Pete 
Sampras, the World No. i, the No. 1 
seed in the men's singles. Below 
him players moved up or down 
according to their ability on grass. 

Michael Chang, who is ranked 
No. 2 by the ATP Tour, was seeded 
No. 5. World No. 4, Thomas 
f~ Muster; whotas never woo a match 
at Wimbledon, was seeded No. 6. 
Goran Ivanisevic was seeded No. 2 
and Yevgeny Kafelnikov jumped 
two places from the No. 5 ranking 
to No. 3 seed. Gustavo Kuerten, 
who was ranked 66th before he won 
the French Open but is now No. 1 2, 
was seeded 11th. 

For the women’s singles, Mar- 
tina Hingis was seeded No. 1, fol- 
lowed by Monica Seles. (AP) 

basketball As the Bulls took 
their victory parade through Chica- 
|—go on Monday, the police contin- 
ued to tally charges stemming from 
celebrations after the Bulls won the 
NBA championships Friday. 

Five teenagers were charged 
Sunday in the fatal shooting of a 
bystander in a disturbance between 
rival gangs during the celebration, 
authorities said. Conception Diaz, a 
32-year-old printing worker, was 
waiting for a bus borne Friday night 
when he was shot, police said. (AP) 

The Grass Seeds 

Chicago Counts Costs 

Capello Returns to Milan 

soccer AC Milan confirmed 
Monday that Fabio Capello would 
return to the club as coach in place 
of Ariigo Sacchi. 

Sacchi took over late Iasi year 
from Oscar Washington Tabarez of 
Uruguay. Tabarez had replaced 
Capello, who moved to Real Madrid 
last summer. Real clinched the 
Spanish tide Sunday. Milan finished 
1 1th in the Italian league. (Reuters) 

Jones Completes Double 

athletics Marion Jones, 21, 
was the only double winner at the 
USA Championships, the qualify- 
ing meet that ended Sunday. Jones 
won die women’s 100 meters in 
10.97 seconds, after running the 
fastest time in the world this year — 
10-92 — in the semifinals. The 
Californian won the long jump with 
a world-leading and personal-best 
22 feet, 9 inches, beating seven- 
time defending champion Jackie 
Joyner-Kersee by an inch. (AP) 

• <■ r * < 



'at’ tfie 

Jones long-jumping 
U.S. championships. 




A Hole of a Finish 
For Open Winner Els 

By Leonard Shapiro 

Washington Post Service 

WASHINGTON — All die contro- 
versy about ending the 97th U.S. Open 
on a par-3 for the first time in 88 years 
became irrelevant For everyone except 
Ernie Els, Congressional's far-more-fa- 
mous 17th really was the finishing hole. 

That was where Els made a routine 
two-putt par. But that was also where his 
closest pursuers, Colin Montgomerie, 
who was playing alongside Els, and 
Tom Lehman, playing in the group just 
behind, met with disaster. 

When Els sank a four-footer for par at 
the 18th on Sunday, he had secured his 
second Open championship in four 
years on a day of drama from early- 
morning start to fabulous finish. 

With a final round of 1-under 69, Els 
completed the Open at 4-under 276. one 
shot better than the bitterly disappointed 
Montgomerie, who waited S minutes 
before trying his putt for par on the 17th 
and then miked the five-footer. Mont- 
gomerie, who shot 76 in the second 
round, bogeyed the 430-yard 17th in 
every round of the roumamenL 
The Scotsman, who cried un- 

ashamedly after coming so close again, 

" it fn 


said be waited before striking that 
footer at 17 because play was still going 
on across the pond at the nearby 18th 

He said he also beard what he de- 
scribed as “a commotion" from spec- 
tators lining the hill overlooking the last 
two greens, and criticized the U.S. Golf 
Association for deciding not to finish 
this event on the 17th hole. 

“I think the USGA, when it next 
comes back here, ought to take a look at 
what holes we finish on," he said. 
"These two boles [17 and 18] are too 
dose for major competition.' ’ 

Lehman also was done in at the 17th, 
the very same hole where Ken Venturi 
staggered in suffocating heat and hu- 
midity to his memorable victory in the 
1964 Open, when the. 17th played as the 

finishing hole. Le hman , who led the 
Open after three rounds for the third 
straight year without a victory, placed 
his second-shot 7-iron in the water 
there. He finished at 2 -under 278 for 
third place. 

. Els played the 17th almost perfectly. 
He hit a 3-wood off the tee, then hit us 
second shot to about 18 feet behind the 
Hag. He lagged that putt to two feet, and 
when he made that putt, he had a one- 
shot lead going to the 18th tee. 

"I knew 17 would be the key hole 
when I played my first practice round on 
Sunday," Els said. “You’ve got to be 
calm out there.” 

Jeff Maggert, only a shot off the lead 
with three holes to play, had a bogey- 
double bogey-bogey finish and was 
alone in fourth place at 1 -over 28 1 . Only 
four players finished under par. 

The Masters champion. Tiger 
Woods, attracted another hui 
but shot 72 to finish at 6-over . 
for a five-way tie for 19th. 

“It must have been one hell of a show 
on television.” said Els, who also won 
in 1994 at OakmonL “I thought every- 
one had a chance with two holes to go. I 
just tried to stay positive, tried to be 
myself. Three years ago when I won this 
tournament, it was like a war out there. I 
knew it would be the same today.” 

Els laid the foundation for his tri- 
umph earlier in the day, when he came 
out to finish the final five holes of his 
third round, suspended by darkness Sat- 
urday night. Shortly after 7 A.M, he 
made a tough 12-foot putt to save a par 
at the 14th hole, and he said that stroke 
created instant momentum for him. 

Els followed that putt with three 
straight birdies and saved another par at 
the 18th with a five-footer. 

Over those five early-morning holes, 
he pulled himself back into contention 
at 3 under with IS holes to play. That 
was within two shots of his morning 
playing partner, Lehman, who made 
two birdies to finish the third round at 5 

tWe \wwiv .toonM h. 

Colin Montgomerie contemplating his crucial putt on the 17th green in the final round of the U.S. Open. 

Back to Wimbledon’s Grass Roots 

By Ian Thomsen 

International Herald Tribune 

LONDON — Pat Cash won Wimble- 
don 1 0 years ago. On Monday he tried to 
come back. He was told to use the 
service entrance. 

“Having seen the way I've been 
treated, I can’t justify telling any tennis 
player that it's worthwhile making a 
comeback,' ' Cash said after winning his 
first-round match in the Wimbledon 
qualifying tournament ‘ L If the Wimble- 
don champion has trouble getting into 
tournaments, what chance do other guys 
have? It's really ruthless.’* 

Cash, now 32, his body hurnpty- 
dumpty’d together again by countless 
surgeons and physiotherapists, played 
with little regard for the audience in his 
4-6, 6-3, 6-1 victory Monday over the 
misplaced French base liner Thierry 
Guardiola. Basically there was little 
audience — fewer than 100 people 
scattered outside the chain-link fence 

surrounding Court 13. The number 13 
was painted on a circular piece of wood 
behind Cash’s head like an unlucky halo 
as he waited for serve. 

There were I2S men entered in the 

qualifying tournament this week at the 
Bank of En 

lank of England Sports Club, only 1 6 of 
whom are to advance to the main draw a 
few miles down the road next week at 
Wimbledon. The qualifying tournament 
was organized like a kennel. A dozen 
grass courts were in a single line, side try 
side, one match always intruding on the 
match a few strides over. Cash played 
on one of those courts in the early 1980s 
— he couldn’t remember the year — 
when he lost in the first round and failed 

to qualify. 

1984, when he was 19, be reached 
the semifinals at Wimbledon as well as 
the U.S. Open. In 1987 he became the 
first Australian man since John New- 
combe 16 yean earlier to win Wimble- 
don. Two yean later, his right Achilles 
tendon was ruptured, and be underwent 

Hincapie, U.S. National Champion — for 80 Minutes 

International Herald Tribune 

P HILADELPHIA — The cham- 
pion's bouquet of spring flowers 
sar in the front of the team car. 

Cycling/SAHLUKi Abt 


George Hincapie, the champion 
for not even an hour and a half, sat in the 
back, trying not to cry. 

“They can’t do this,” he said. “They 
can’t do this," he repeated, again and 

Hincapie, 23 years old and a leader of 
the U.S. Postal Service team, had just 
been stripped of the title of American 
professional champion, which be won 
earlier Sunday in the CoreStates 
USPRO Championship bicycle race in 

Officials ruled that, after the rear 
wheel of his bicycle went flat and was 
repaired with less than 10 miles (16 
kilometers) to go in the 156-mile race, 
Hincapie wasi 

which we have the right to do," said worked for this in this race for the last 

n — l .: ...i 1 four years.” His highest previous pla-' 


late this month. He has many more 
championships ahead of him, many 
. more chances to win, the friend said. 

is illegally paced back to the 
front group of riders by his team car. 

The penalty was to void the national 
championship he won by being the first 
American to finish the race. 

“After his flat, he rode behind his team 
vehicle an excessive amount of time, 
more than two minutes," said Shawn 
Farrell, the head international official for 
the race. “I've never heard of a case 
where somebody motorpaced that long, 
dial far, in front of so many people.” 

Mark Gorski, general manager of the 
U.S. Postal Service team, disagreed on 
several counts. 

“We paced him into the caravan. 

Gorski, who rode in his team car. “We 
were in front of him for 15 or 20 
seconds. On the second warning, we 
pulled over." 

Gorski, a gold-medal bicycle sprinter 
at the 1984 Olympic Games, argued that 
the officials, called commissaires, 
should have penalized the driver of the 
car, not Hincapie, for any infraction. 
The team will protest the decision to the 
sport's rulers, the International Cycling 
Union in Switzerland, Gorski said, not 
sounding optimistic. 

Veteran observers of the sport could 
not recall a precedent for the disqual- 

"Riders have been put out of a race 
for holding onto a team car and getting a 
tow,” said Paul Sherwen, a former Tour 
de France rider who was an official for 
the championship's organizers. “But 
I’ve never heard of a rider who was 
disqualified for being motorpaced." 

Gorski also questioned the 80 
minutes it took the three commissaires 
to make their decision. During that lime, 
Hincapie mounted the victory podium, 
received his flowers and his jersey, ac- 
knowledged proudly that his parents had 
come from New York City to watch him 
and then attended a news conference. 

“Tremendous, tremendous," he said 
immediately after he finished. “I've 

1 0th 

cing in the U.S. Championship was 
in 1995. 

A native New Yorker who raced in 
Central Park as a boy and now lives in 
Charlotte. North Carolina, Hincapie 
would have succeeded his teammate, 
Eddy Gragus. in the red, white and blue 
jersey. Instead it went to Bart Bowen, a 
rider for the Saturn team who was also 
U.S. champion in 1992. 

Hincapie said he had rwo flats during 
the long race in ideal weather, just 
enough of a breeze to offset heat in the 
low 80s Fahrenheit The first flat oc- 
curred about halfway through and the 
second with two laps left 

"A really bad moment,” he said. 
“But l got repaired quickly and my 
teammates helped and I rode hard to get 
back with the front group. 

“I’ve looked at so many riders in 
Europe wearing national champions’ 
jerseys and thought, ‘I want to be 
that,' ” said Hincapie. 

Later, when he was sitting in his team 
car after he was told about his dis- 
qualification, Hincapie said be would 
not return the jersey he was wearing. He 
did not speak defiantly. He was 

Trying to console him, a friend poin- 
ted out that he would not turn 24 until 

Hincapie brushed the words away. 
' ‘This was the year,’ ’ he said. 

“They can’t do this.” He ducked his 
head then and covered his eyes with his 

The winner of the race was an Italian, 
Massimiliano Lelli of the Saeco-Can- 
nondale team, who was ineligible for the 
U.S. national championship. 

He crested the major climb in the 
CoreStates Championship for the last of 
10 times Sunday with a broad and sur- 
prised smile on his face. 

Not often thought of in European 
races as a dominating climber, Lelli was 
first over the top and the smile meant 
that he realized he could win the race. 

There still was a way to go, about 16 
miles, but Lelli was right to smile. The 
29-year-oJd rider for the Saeco-Can- 
nondale team easily won the race and its 
$25,000 first prize. 

Blowing kisses to the huge crowd, he 
finished the 156-mile journey in 5 hours 
54 minutes 50 seconds, or 1 1 seconds 
ahead of Scott McGrory, an Australian 
with Die Continentale from Germany, 
and Hincapie. 

When the standings were revised, 
Angel Canzonieri of the Saeco team was 
moved from fourth to third place and 
Bowen, who had finished eighth and the 
second American, was in the star- 
spangled jersey. 

surgery. Then back surgery, two knee 
surgeries, tom muscles, what have you 
— in the past decade he has played 
something like four years of compel, 
itive tennis. But he has been at it so long 
that his new coach is Dean Barclay, the 
son of Cash's old coach. 

For the past eight or nine months, 
Cash has been announcing his 
comeback to little acclaim from tour- 
□ament organizers. He said he had tried 
to enter 30 tournaments but received 
invitations to six. At last he is healthy 
but has nowhere to play. 

"I know of Japanese guys ranked 
700th in the world who are getting wild- 
card invitations over me,” Cash said. 
"There are doubles players not in the 
same class as me who are getting singles 
wild-cards over me because they did i 
clinic for somebody. The game says* 
‘We're lacking personalities.* I call un. 
and say. ‘Here I am.’ ” '•*! 

This week. Cash is ranked No. 433 ia 
the world, which woald not have been 
good enough to qualify him for the 
Wimbledon qualifying toumamenL He 
accepted the wild-card invitation. He 
said he understood that Wimbledon had 
its own protocol, and he could not pass 
up what might be his last chance to turn 
his career around. 

He thought he was the first modem 
Wimbledon champion who had been 
required to enter the qualifying tour- 
nament “But then I heard yesterday 
that Neale Fraser did it sometime in the 
1 970s,” Cash said. And what became of 
Fraser, the 1960 champion? “He qual- 

"I believe there’s something around 
the corner for me — a doubles title, a' 
singles title,’ ’ Cash said. * ‘I know I'm as 
good as anybody out there. I’m enjoying 
my tennis more than I used to. I used lo. 
expect too much of myself. Now, people- 
don ’t expect anything from me, and I’nv 
giving it a good shot.” 

Mercifully, his match was assigned to 
one of the more spacious courts on top 
of the hill. He shared his plot with three 
other ongoing matches. He lost the first 
set and seemed ambivalent early in the. 
second, until the chair umpire overruled 
a call. Cash argued loudly. By the end of 
the game he was breaking the French- 
man’s serve. 

He complained twice more in the 
match, and each time it seemed to make 
his blood run, fueling turn to break his 
opponent’s serve that way. Altogether 
he was trying to convince himself that a 
march in a public-park setting like this 
really was important, the most impor- 
tant match of the year, and that if he kepi 
his mind on the bright green grass un- 
derfoot, the surroundings would evert 
tuaily turn into the Centre Court of 
Wimbledon. ; 


? * fcf af t 

i'MI* ' to*' 


a seu i i 

>- k'jriif*Cjqi WNiw 


r 'r* AapN 

fern****** I 


* w*. » 

* m > * i 



■Tv: . 

• a. £!+■ -at 4 ?*'• 

** ** m duk.r m t 

r> I.y> . i s'- 

■ • ’ — =***■ cr. *»*•*- 

.r, K. L 

->-* <* -rt-v. •: . «■%* 

m m 


*-t ? * 
* A t » 

■> . .<• * .t • L— - *•» '-te. 

• ..r-nm- :v'-, js.s «ba. - mm • 

-s. -;*wv 

.. wstfjw* * 1 

i-.fji*.; - 

• i 

m ws -i i ; 

i mm rat -m i i * ta 4“- - 

1XJW..A MU, It. 

- t : t- 

.VTrftlfcPM*. •. V 

, • rf-rf '■** - 

■m m j • . 

mi p* *- •; « i 

-AAA . ..... A 


t -r Uvt 

w 1 
m~* c- 1- 

i . , 

r.t a 
‘V: i 

- r utri, 

-•-•-r- • * 


— lirnw. ■ a ” • 

- *«i *i. -■ m - - « ■: 1 

m m fr ’.-4 i* t i 

- -• •• 1 . . i -' «***.* R-* 

- -'V -v« ■*. y -. «i» -■ 7 * V 

=, r. t j. * 


\ UT 


fc wqa* 

Escorts & Guides 




18 - 38* WIEfflMTKXML 

Escort Agency Cndfe Cart* Weteowe 

TEL LOffiON ++ 44 

0171 589 5237 




Slrtzeriand Bsnfen Cote fAzur 

++ 44 (0) 7000 77 M 11/22 

.& Dote Escort Sendee 

let- *39 fD) 338 852 37BB QwS Carts 

art Diiifw Dae Swto tor Hfcn or Her. 
TO +31 (0) 2M4 02 666 /64 0? Ill 


Wortfa Rra A Most Bodusiie Semico 
HuMs, Baautf Omens, AcOomm 
U ukSngirt Trawl Conpanfens 

Hdqtrs. 212-765-7896 NY, USA 
oOoae tetteswrt&coni 

Rated "Brat h New York* by Mm Yart 
Magazba. Sewfce wrtwrtB. 


Encattw Escort Service 

Germany. Part. New York. London 

Tab London 0171 2S6 1033 


Top local & travel service worldwide 

Escort Sente Verna 4443-1-212 0431 




Cote if Azur Gammy Prague 

44 44 (0) 7000 24 26 91 


Maradonal Escort S Travel Santo 

Vienna *+43-1-5354104 at craft carts 



8171724 0771 


4+31-2M27 28 27 




BnttHMMHcrp + A: Ymm 

LONDON: (0)171-978 6606 

COSM05 Escort Agency - Cnd Carta 

EUTE Escort Service 
new YORK errr 



Ms Esaxt Service 39 (^3482257757 



LONDON 0171 362 7000 

Ai carts. Advenes toowngs estaw 




Top European Travel Sente avatabfe. 

For Ho: cal Vienna +*43-1-718-7355 


51 Benudnp Pbea, Lotion SW1 

Tet 0171-584 8513 




0171 360059 

Skoph? Ms btttlp As ro rtf 

CmSt Cards Accepted 


CM 022 / 346 00 89 BcM toency 


CONTINENTAL Escort Smvce London 

Tet 0956 223317 24 hs Craft Carts 

and Very Hah Class Escort Santa. Tet 
London 0171 37B 7921 or 0468 353 424 


Escm Sawa. 

+077188 55 05. AI carte. 

Exclusive Elegant Educated S Friendy 
London & Healhnw. 01819082261 .Cads 

" FR3CH SreAKHG " 

LOfOON 0171 282 2886 AS Cads 


TBJ 068 - B8 SZ DO 


BUTTERFLY Escort Service 

TeL 022 1 731 SO B1 

Pmate & Discreel Escort Sente 

London Tal 0958 589 098 

Friend* am) vm Stupefy. Private Escort 
Sente Lotion Tet; 0410 772 816 

Frtotib Private Escort Sente. Yolo Tet 

0(21 519 751 Craft Cads. 24 hs 

Service. 5., Rectite MonzeHs 2a 
02221586 86 84 


Etttere Escort Sate A Dinner Dates. 
Phase pnone 089 - 337826 

Portfolios. Open 7 days 
Maytai Tet 0171 495 4771 

London SW7 Friendy Sate 

Tet 0171 2(4 76(2 


EMgm Escort & Trad Sate 

Ptose cal 068 - 587 4338 

wp Eaxrt Sate photo to w» csnral 
London qfla Din 835 0005 al carts 

Escort Saves 
Tat 01/2614947 


f Bid 

c Mesa dweUer 
io Nod oil 
1« Silo of Cnossus 
is Big name in 


16 German 



17* looking at 

you, kid* 
ia Lady's man 
is Movers 
90 Quirky 


Furnished apartmarts, 3 months or 

more Of unfurnished, reeidanfai areas. 

Tel Pais: 

Fax Paris: 

•+33 (0)1 45 63 37 09 

ai Impressive 
M Sortxxme, e.g. 
2S Tire channel 
27 Peer, to his 

29 Plant with a 
medicinal root 

»3 More than 
as Charles's 

30 Hemispheric 

37 Ready to come 
off the stove 
3 a Examined, as 

befbre a 

39 Skip 

40 Business mag 

41 Lawn 

42 The Taming of 
the Shrew* 

43 Spy's byword 
as Police datum 
48 Assistance 

47 Like toast 

48 Final stroke 
sa Fata 


87 Film 

sa Pan-fry 
ra Harness part 
•f Gusto 
82 Greek satinst 
■3 These maybe 

84 On the main 
65 Driving hazard 


1 Cualro y cuatro 
a N.F.L. receiver 

3 Tropica! viper 

4 Bastille Day 

5 Gnre back 

a world Coun 
site, with ‘The* 

7 Finished 
• Thoreau 

■ Confined, as in 
io Give, as time 
it Gen. Bradley 

12 Over-the- 
courter cold 

13 Otherwise 

22 Aged 

23 Ado 

25 d'Azur 

(French Riviera) 

27 Certain skirl 

28 Actor Jeremy 

29 Long-winded 

Cal Adonic and 

si Pseudonym 
32 Julius Caesar's 
first name 

34W.W.H enlistee 

38 immediately, in 

aa Sideboard 

39 Sculls 

41 Pan ota 

42 Clergymen 

** Poultiy offerings 

48 Compass 

47 Magna 

4a Dear, as a 

49 Unique person 
an Military group 

51 "Anything ■ 

(1934 or 1987 

52 Levitate 

aa Stouan tribe 

55 Camp shorter 
M Bei 

TZ - 









t r 










PuzzMbr Raimi Ztnmnai 

© New York Tbnes/Ediled by fftil Shorts. 


: ■v.wrwe 

Solution to Puzrie of June 16 


[P 1 



















U AjT 




- .^.4Q 

Vmd /\® \ 



_nn ^ 

bbd asana 

□tz3ssa Hdsanatagg 
Baa atanaiaacjaGJSS 
mm □sans aaagH 


, <*4-- . 

suafMbj • 

imxk -.■fc v-n 

vs i hy. . 









PACE 23 


-Who Benefits Most 
Jn Interleague Play? 

Maybe the Owners' Bank Accounts 

‘ The Associated Fress 

- '•Hb big winners on the first weekend 
#. jnwrleague play were the Seattle 
Shriners, the Baltimore Orioles, the 
Montreal Expos and the baseball own- 
ers' bank accounts. 

vSeanle beat Los Angeles, 8-2, on 
gpnday to improve to 4-0 in interleague 
while Baltimore beat Atlanta to 
ttHuplete a three-game sweep of the 
graves. Montreal finished a three-game 
sweep of Detroit with a 10-2 foul 
£ Attendance averaged about 35,000 
for the opening four days of interleague 

.f £ 

Baseball Roundup 

! itfcr I ffl vrevs in !h- * .>• 

'don \s (oa 

2: iS .. ; ... .. 

rt'-tti?.* ~ i"- - - 1 - . 

; -v f -+ rmrst .- -J - — 
;s- - 

1 . t- 5 " - 1 — -J : . 

- , “ ' 
-cr . T - 

gain; up from about 25,900 for the first 
" &> weeks of the season. 

_ > Mariners 8, Dodgers 2 “You can see 

1 V:i. what it’s done for attendance, not only 
here but throughout baseball," said Lou 
"'n Piniella, Seattle's manager. "If it's good 
for business, it’s good for the sport" 

! The Mariners, averaging 37,461 be- 

f% fit fore the start of interieagne play, drew 
■ l/Ii 208.297 for the first interleague games 
u in the Kingdome. a club record for four 
consecutive home games and an av- 
erage of 52.074. The Mariners 
ouiscored National League opponents, 
35-22. and improved to 1 1-2 in June. 

1 “It’s kind of weird," said Paul Sor- 
rento, who has spent his entire career in 
the AL and hit one of three Seattle 
homers Sunday. "It almost seems like a 
spring training atmosphere." 

■Jose Cruz Jr. and Dan Wilson also 
' J homered, giving the Mariners seven 
; home runs in two days against the 

-» Btuo Jays if, Phiflies i Joe Carter, 

' whose home run in Game 6 won the 
1 993 World Series for the Blue Jay s over 
'■ Philadelphia, received a standing ova- 
tion from fans at Veterans Stadium after 
gening his 2.000th hit. Alex Gonzalez 


homered, went 3-for-5 and tied a career 
high with four runs batted in. 

Expos io, Tigers 2 In Montreal, one of 
the few places that didn't show a big 
increase in attendance, Henry Rodrig- 
uez homered off the rim of Olympic 
Stadium and helped Montreal extend its 
winning streak to nine. 

Yankees B, Martins 5; Marlins B, Yten- 

kee* 5 In Miami, Moises Alou’s bases- 
loaded grounder rolled through second 
baseman Pat Kelly’s legs, scoring two 
runs in the ninth inning as Florida gained 
a split of a doubleheader. Florida scored 
two unearned runs in the eighth for a 4-3 
lead and New York went ahead with two 
runs in the ninth. Paul O’Neill scored the 
go-ahead run in the ninth inning of the 
opener on a sacrifice fly caught by second 
baseman Kurt Abbott in foul territory. 

Cnh* 4, Browers 3 In Chicago, Frank 
Castillo allowed five hits in 6 Vs innings 
and struck out seven as the Cubs won the 
series, 2-1. The teams drew 1 12,690 this 
weekend — 7,638 shy of the Wrigley 
Field record of 120 ,328 for a three-game 
series, set in 1994 against Cincinnati. 

Rsd Sox io. Mots i In New York, 
Bobby Jones's eight-game winning 
streak came to a halt. His problems 
began when Boston’s pitcher, Vaughn 
Eshelman, bunted for a hit in his first big 
league at-bai. 

Royals 8, Pirates 1 Jose Offerman 
went 4-for-4, reached base five times 
and drove in three of the first four runs 
as Kansas City won in Pittsburgh. Kevin 
Appier (5-5) finally won his 100th game 
with five shutout innings. 

Indians 9, Cardinals 2 In SL Louis, 
Charles Nagy threw only 65 pitches 
while pitching seven scoreless innings. 
He allowed only two hits, and 18 of the 
21 outs came on ground balls as the 
Cardinals repeatedly chased his sinker. 

Astros 3, Twins 2 In Houston. Terry 
Steinbach allowed the winning run to 

Orioles Sweep Braves 
In Battle of Leaders 

Blunt WtuvArnkr Frjixr-iT 

Greg Bonin, a National League umpire, and Joe Torre, the Yankees 
manager, getting involved in a little interleague interaction in Miami. 

score when he failed to catch Pat 
Ustach’s popped up squeeze attempt in 
the ninth inning. 

whit« Sox 14, Rods 6 Pinch hitter Har- 
old Baines had a three-run homer and 
Ray Durham followed with a solo shot 
in the fifth as Chicago won in Cin- 
cinnati. Albert Belle added a solo shot 
and Jorge Fabregas hit a three-run 
homer in the seventh. 

AtMotics 5, Rockies 2 In Oakland, 
Ariel Prieto struck out a career-high 1 J 
in 616 i nnin gs, and Matt Stairs drove in 

five runs. Colorado's Larry Walker 
went 3-for-I to raise his major league - 
leading average to .41 9 and hit his 20th 

Rangers 7, Padres 4 In Arlington. 

Texas. Rusty Greer continued his one- 
man show against National Leaguers, 
driving in the go-ahead run and scoring 
another. He was 9-for-12 against San 
Diego and San Francisco. 

Giants 4, Angola i J.T. Snow returned 
io Anaheim and hit a two- run homer 
against his former team. 

r.D'fl'rJ.'n i Iji Suff r Ndi I’htfjuhi'ir \ 

Davev Johnson flexed his managerial 
muscles’ the Baltimore Orioles got just 
about every break, and the Atlanta 
Braves, baseball’s best team in the 
1990s, were beaten tor a third straight 
dav by the best team — « at least thus far 
—'of 1997. 

The Orioles completed a weekend 
interleague sweep at Turner Field in 
AtJanta W with backup catcher Lenny 
Webster’s two-out. iwo-run homer in 
the lUlh inning, which beal the Braves. 

5-3. on Sunday afternoon. 

The sweep improved the Orioles ' re- 
cord. the best in the major leagues. ic*45- 
1 9, and it showed that ihe Braves are still 
having problems with American League 
teams. Atlanta has played AL teams m 
four World Series in the 1 990s and lost 
three of them. Its three games against the 
Orioles recalled its World Series match- 
up with the New York Yankees last 
October, when the Braves lost all three 
of their home games. 

With the exception of a four- run in- 
ning against Greg Maddux on Friday, 
the” Orioles did little with Atlanta's 
starters, but the Braves' bullpen was 
erratic, and their hitters failed in almost 
every crucial at-bat. 

Sunday was memorable for the way 
Johnson, the Baltimore manager, 
reached back to his National League 
past to pull so many switches that Cal 
Ripken ended up back at short stop as the 
Orioles outmaneuvered the Braves in a 
third consecutive tight game. 

Webster's second homer of the sea- 
son. his ISih in nine big- league seasons, 
came off closer Murk Wohlers. Wohlers 
allowed a one-out single by Ripken in 
the tOih, and one out later. Webster sent 
the bail just over the wall in right. 

The Orioles needed plenty of good 
fortune to get to that point. 

Atlanta grabbed a 1 -0 lead in the sixth 
on Chipper Jones’s run-scoring double. 
'Hie Braves should have scored another 
run on the play, but the ball rolled through 
a gate in left-field foul territory that had 

been left slightly ajar by stadium security 
workers. Jones was given a ground-rule 
double. Michael Tucker, who would 
have scored easily from first on the hit, 
was put back on third base, and Ailantu 
managed only one run in the inning. 

"It went in there perfect." said B.J. 
Surhoff. the Orioles' left fielder at the 
lime. “There was probably not much 
more than a ball width." 

Braves starter Tom Gl.ivine had a 
three-hit shutout through six innings. 
Bui errors by second baseman Mark 
Lemke and third baseman Jones allowed 
ihe Orioles ro score ihree unearned runs 
in ihe seventh and lie the score. 

"We got some breaks." Ripken said. 

“The ball bounced our way. We could 
have been swept. The games were very 
evenly mulched “ 

Johnson look it from there. He man- 
aged for 10 seasons in the National 
League with the New York Mcis and 
Cincinnati Reds before becoming ihe 
Orioles' manager last year, and he was 
ready to operate without the designated 
hitter this weekend. He switched and 
double-switched Sunday until, in (he 
ninth inning, he ended up with Surhoff 
ul third base and Ripken reluming to ins 
old position ai shortstop. 

“The view was a lot different than 1 
remembered it.” said Ripken. “When t 
you look at some ol the moves you have 
to moke in a game like this, you have to 
be flexible, and you have to have a 
fallback situation. I'm happy to do it as 
a fallback situation, but I was just get- 
ting comfortable at third.” 

“The moves are kind of fun." said 
Johnson. “I probably overdid a few 
things today, but 1 fell good to be back 
and be able to do some things." 

"Maybe we made a statement, but it 
doesn’t count until October." 

A reported 30 busloads of Mary- 
landers gave Turner Field a feeling of 
neutral turf. The three games of this 
scries were sellouts; the NL champion 
Braves have only sold out two other 
home sames this vear. t H P. .V>T ) 

iiAJOB League Standings 
am net CAM uamu 







■ fttflmwe 





, NewVark 





‘f Toronto 





■ Detain 
















• Kansas City 










*- CNCogo 











seitfc 38 79 367 — 

TfjM • - JS 30 SB ! 

taotefcn 34 32 .515 Vn 

□aUsutd 28 4? .404 It 


W L Pet GB 

A*mtn 42 25 .627 — 

Florida 39 27 591 2% 

Mooted 38 28 -576 7* 

NenYtak 34 30 515 SVS 

PHtaMpNo 2J 43 338 19 

Huston 33 35 385 - 

FUstnntfj 32 34 .485 — 

y, Louis 31 35 410 1 

andnn* 27 39 009 5 

Onqo 27 40 .403 5% 


5w Frandscn 38 . 29 567 — 

Colorado 36 32 529 2V. 

Los Anodes 32 35 478 6 

tan Diego 29 38 433 9 

Detroit 100 010 000-2 6 1 

muted 100 411 12x — 18 12 1 

'Mndtet Bautista (si, AAJaNI (71. To Jones 
% M. Myers [81 and Casanova; Judai and 
Adder. W— Judea 7-1 L-MoeMer, 45. 

HRs— Detroit Easier (7). Montreal 

GnnWehmek (2). H. Rodriguez 113). 

Taranto 403 012 010—11 12 2 

PMbMMpMa 000 010 000-1 6 2 

Hentgen and O’Brien; M. letter, B Inter (3], 
R. Harris (6), Planfcnbeig (8) and Parent. 
W— Hctrtgea 7-3. L-M. Letter, 4-7. 
HR— Toronto, A. Gonzalez (5). 

Kansas City 020 104 BOO-8 14 0 

Pithburtfi 000 001 000-1 6 0 

Appier, Ruach (61, J. Santiago (9) and 
MccPartane; Cooke. Walnhouse (2), Ruebei 
15). Sodowsky (61, Pefere f». M. Wffldns (91 
and OsBl W— Appier, 55. L— Cooka 5-8. 
HR — Pittsburgh. Stream (2). 

Baltimore 000 000 300 2-5 7 0 

ABomto OM 001 200 0-3 9 2 

Erickson, Orosco (7). A. Benitez (8), 
TeJWatliews (9), RaMyero (10) and 
Webster; Gknrine, Wohlers OO) and J. Lopez. 
W-TeJUdfews. l-l. L-WoWera, 2-2 
Sv— RaMyero (23). HRs— BoHlmorc, 

Webster (2). Atlanta, Blouser (8). 

Ckvefand 000 000 045-9 9 2 

SL Louis 000 000 002-2 5 2 

Nagy, Sliuey (8), M. Jackson (9) and S. 
Alomar; Stotttemyrc, Petkavsek (9), 
Frascatore (9) and DHeflca Lumpkin (9). 
W-Wagy, 8-3. L-Slaltlemyift 4-5. 
HR— Ctavdond, Giles (5). 

Minmaota 200 000 000-2 B 1 

Houston OHO 020 001-2 6 0 

Tewksbury. Swindell (7). Guardado (9), 
Trombley [9] and SteHwcii- Holt, Lima (8). 
B. Wagner (9) and Ausmus. W— 8. Wagner, 
3-1 L— Guardado. 0-1 HR— Minnesota, 
Lawton (5). 

Milwaukee 010 000 011-4 10 Z 

Chicago (TIL) 101 002 OOs-4 5 0 

Eidred, Fterie (61 Fetters (7) and Muttony. 
Levis (7); F .Castillo. Potterean C7L 
Bottonfieid (7), T. Adams (8), R. Tatis (91, 
Wendell (91 and Servos, w-f . castKa4-B. 
L— Eidred. 6-7. Sv— Wendell (31. 

HR— Chicago; B. Brown (4). 

Chicago (AL) 210 051 500-14 18 1 

Gndnatl 040 000 011-6 14 0 

Baldwin. T. Coslfflo 15V C Casttlto 16) and 
Fabregas. Karkovice (8); Burba, RemRnger 
(5), Sullivan (6), Carrmco (7), FtRodrtguez 

(7). Beflnda 19) and Taubensee, J. Oflvsr (7). 
W— T. Cuslffla 3-3. L— Burba. 4-4. Sv— C. 
Castillo CD. HRa— Chfcngrv Durham {51. 
Bede [161, Fabregas Q). Baines 16). 

1st Game: 

New York (AL) 000 110 024—8 9 0 

Florida 301 000 100—5 7 0 

KiLRogen. Mendoza |4), Lloyd (6), Nelson 
(7), Stanton (8), MJJivera [9] and Girardb 
RappbStomfer(4). F. Heredia t5). PoweB fffi. 
Cook (81, Nen <91 and C Johnson. 

W — Started, 2-0. L-Coak. M. Sv-M. 
Rivera (21). HR— Florida Sheffield (7)- 
2nd Co aw; 

New York (A L) 210 000 002-5 9 2 

Florida OH 110 022-6 10 0 

Gooden, iWendoaa (41, Nelson (8). M. 
Rivera (91 and Posada Hernandez. Hutton 
(6), Stan Her (8L Non (9) and Zaun. W — Nen. 
5-2. L— M. Rivera. 1-2. HR— Florida, 
Carigeiost Ok 

LOG Angeles 020 0 U 000-2 6 0 

Seattto 012 200 3ttoe— 8 10 1 

I.Valdes. Guthrie (6), Hall CD, Osuno (8) 
and Princa Piazza (8); Moyet, S. Sanders (7) 
andDa.Wilsan.W— Mayer, 6-ZL—L Valdes. 
3-8. Sv— S. Sanders (1). HRs— Los Angeles, 
Karros (13). Seattle, Cruz Jr (4), Sorrento 
(10), Do. Wilson (6). 

San Francisco 000 210 010-4 11 0 

Amriieim HO 100 000-1 7 I 

VknLamfingham, R. Rodriguez I6L Tavarez 
(71. D. Henry CB). Beck (W and Benyhflt 
Dkksorv Holtz IB). James (8), Perdwri 19) 
and Levritz. W— Van Landing ham, 4-4. 
L— Dkiflon, B-3. Sv— Beck (21). HR— San 
Francisco, Snow (4). 

Cokrado Ml 001 000-2 8 0 

Oakland 300 200 eOs-6 10 0 

Rita. Dipato (SL DeJean C7L Leskanic CB) 
and Manwaring; Prieto, Mohtor (7), D- 
Johnson C7L Taylor TO and Moyne. 

W— Prieto 5-4. L— Rill. 5-6. Sv-Taytor (13). 
HRs— Cota rotto L Walker (201. OaMond, 

Sea Diego HI 300 000-^1 9 1 

Tens 802 382 Oto-7 12 2 

Ashby, BwgiTton (6) and Flaherty; WE 
Vteberg (8), W etl e la nd (9) and I. Rodriguez. 
W— WML 03. L— Ashby. 2-3. Sv-Weltekmd 

(151. HR-Teias. L Stevens (8). 

Boston 005 010 310—10 13 I 

New Yelk (NL) 010 OH 000-1 S 2 

Eshelman, Lacy (8), Hudson (9) and 
Hattebeig; BJ Janes. Manuel (Si. 
Koshlwada (81, LhOe (9j and Hundley. A. 
Castillo (H). W— EsteOnari M. 

L—BJ Jones. 11-3. HRs— Bostoa 

Got On per in I9i. Hatteberg (4). 


Amslerdam 20k Frankfurt 7 
Baiakma4a Scotland 18 
Rhein UL London 7 












x- Barcelona 






Scoria nd 
























z-won first had and dindied berth in World 

World Bavri, Rlwin and Boreal o ne . Sun- 
day, June 22 ol Estadi Oiimpic Baroekma. 



Australia: 220-8 and 105-3 
Lolcestefshlre: 62-4 and 179. 

Australia wan by 84 runs. 

U»S. Open 

Final scores Sunday at 9Tdi US. Open on 
Bio 7.2T 0-yard. par-70 CangrasslanN 
Country Chib oaurae to Bettwsde. Nd. (US. 

Ernie Els. 5. Africa 

7l -67-69-69 — 276 

CO Montgomerie. Brit. 
Tom Lehman 
Jeff Magged 
Tommy Tolies 
Jay Haas 
Olln Browne 
Jim Furyk 
Scoil McCarron 
Scon Hoc It 
David Ognn 
Blfly Andrade 
Stewart CJnk 
Loren Roberts 
J_M_ OkcabaL Spain 
Davis Love III 
B. Hugheu Australia 
Nick Prkt, Zimbabwe 
Lee Westwood, But. 
Tiger Woods 
Paul StonkawsU 
Hal Sutton 

S. Ellington, Australia 
Scott Dunlap 
Edward FryaM 
Paul Azinger 
Payne Stewart 
HideU kosc, Japan 
Fuzzy Zoeter 
kelly Gibson 

Jeff Slumon 

John Cook 

S. Appleby. Australia 
F Nobila N. Zealand 
Steve Strieker 
Mark O'Meara 
Justin Leonard 
G. Waite. N. Zealand 
Darren CloriuL Bril. 
Phil Mkketaon 
Fred Funk 
Chris Perry 
Craig Pony, Australia 
Nick Fa Ida Brtt. 

David Duval 
J. Pamevlk. Sweden 
David White 

o5- 76-67-49 — 277 

67- 70-68-73 — 27B 

73- 66-68-74-281 

74- 67-49 72-282 

73- 69-68-72—282 
71 -71 -70-70-282 

74- 68-69-71 — SB? 

73- 71 -69-70-2H3 

71- 68-72-72— 2B3 

70- 69-71 -73— 7B3 

75- 67-49-73— 2B4 
71 -67-74- 72-IB4 

72- 69-72-71 — 284 
71 71 72 71-285 
75-70- 71 -69-285 

71- 74-71-70 — 286 
71-71 73-71—286 

74- 67-73-72-286 

75- 7068-73-286 
75-68-72-72 — 287 

71- 7*7368-287 

72- 73-7369-287 

72- 72-74-70-288 

73- 72-7469-288 

71- 73-73-71—288 
67 7375-73-288 

68- 737374—288 

72- 7369-74-288 

69- 72-72-75-288 
72-71 -71 -75-3 W 
71-75-70-73 — 289 

71- 74-70-74—289 

69- 72-7370-289 

72- 74-72-71-289 
737469-77 — 290 

74- 73-7374-791 
72-75-7371 — 291 

70- 72-7377-292 

Lee Jonzen 
Hate Irwin 
Jock Nidcknn 
Fred Couples 
Peter Teravainen 
Paul Broadhunsl Brit. 
Lorry Mize 
Clarence Rose 
Pod ney Butcher 
Chris Smith 
Duffy Waldorf 
Steve Jones 
Tom Watson 
Dave Schreyer 
Ben Crenshaw 
Brad Faxon 
Th. Bjorn, Denmark 
Tom kite 
Greg Kraft 
John Mane 
S- Ames. Trinidad 
Jimmy Green 
Randy Wylie 
Andrew Cohort Bril 
Vqay Singh. Fiji 
Perry Porker 
Donnie Hammond 
Marco Dawson 
Ski do Adams 

72- 7375-73-293 

70- 737374-293 

73- 71-75-74— 293 

7372- 72-74 — 293 

71- 737375—293 

72- 71-7378—29U 

73- 737378—295 
77619-74 75-295 
72 75*9 79-295 
72-74-73 75-297 

7373- 77-75-298 

71- 7377-77-301 

72- 75-80-76—303 
71-74-78-83 — 30S 


1. Tiger Woods. U. 5. 9.91 polnls average 
2 Greg Norman Auslwfia 9.78 

3. Colin Montgomeries Britain. 941 

4. Ernie Els, Smrth Africa, 9J1 

5. Nek Price. Zimbabwe. 924 

6. Tom Lehman, U S. 8.96 

7. Stove ElUngton. Aushnfia 874 

8. Masashl Onto Japan, ail 

9. Mom O'Meara, U. 5. 7.40 

10. Nick Faldo. Britain 7.07 
H.PtillMlcketaan, U.S.7JJ6 

12 Scot! HodL U. S. 621 
13. Fred Couples U.5. 379 

13 Brad Faxarv U. 5. 6.74 

15. Jesper Pamevlk, Sweden 567 

16. Bernhard Longer. Germany. 556 

17. Ian Woosnam Britain, 551 
18 Davis Love. U. S„ 5.27 

19. VTiay Singh, Fi|L4.9B 

20. Tom Watson. U. 5. 467 


Bolivia 2 Peru 0 
Uruguay 2 VenciuelpO 
Stanmnqs: Bolivia 6 pomtsi Uruguay 1 
Peru 3 Venezuela 0. 

Ejaremoduro2 Crtm VlgoO 
Valladolid 1 Hercules 0 
Sporting G8on 3 Raya VcAeconoO 
Votetido 2 Oviedo 1 
Sevilla 3 Espanyol 1 
Log rones l Racing Santander 1 
Compostela 1 Real Sociedad 2 
Tenerife 3 Zaragoza 3 
Barcelona 3 Real BdisO 
standings: Real Madrid 92 poinls: 
Banxkma 87; Depariivo Coruna 74, Real 
Bells 73 AlteNco Madrid 71: Vallaaolid 63 
Athletic BBxw 61: Real Sociedad oa Va- 
lencia S3 Tenerife 52 Racing Santander 50; 
Zmagoza 50: Compostela 5ft Sporting Gi|on 
49: Espanyol 48 Oviedo 47; Celta Vigo 4b; 
Rayo Vallecano 45, Extremadura 44; Her- 
cules 38 Sevilla 40; Loarones 33. 

Porta 3 Gil Weenie 0 
Boavsta 2 Sporting 1 
Guimaraes 0 Braga 0 
Fonmse 1 Solgitti ros 1 
Bete Reuses 1 BenficaO 
Leca 0 Sciubal 2 
Mnritkiioj Uniao Leiria 0 
Espinho 2 Estrdo A mod ora 1 
Rio AveOC haves 0 

final standmos: Parte 85 potato 
Sporting 72 Benfico 58 Braga Si- Guimaraes 
51 Salgueiros 52 Boavlsto 49; Mardimo 47; 
Estreia Amadora 47; Chaves 46. Pa reuse 42 
Setuba) 4a Betenenses 48 Leca 33 Rio Avu 35; 

Espmho3c: Unyjp Lera 3ft Gfl Vicente 19. 

San Jose 3. f.ansas City I 
Colorado 2 Columbus 0 
DnSor 1 Nev. Vork-New Jersey 1 
Los Angeles A Tampa Bay 1 



l.Pcte Sampras. US- 2 Goran Ivanisevic 
Croatia 3.Yevgcny Knletoikov. Russia 
4. Richard krajlcek. Nelhcrtonds. 5 Michael 
Chang- U-S, 6.T homos Muster. Auslna 
7Jtark Phibbooussis. AurtroUa B. Bans 
Becker. Germany, 9Aiareeto Rios. ChBc. 
HXCarios AAova Spom. 1 1 Gustavo Kuerten. 
BrozIL 1 2. Patrick Rafter. Australia, 1 3 Andrei 
Medvedev, Ukraine. 14.Tim Henman. 
Bnlala 15 Wayne Ferreira South Afnca 
laPeir Korda Czech Republic. 


I Martino Hirnns. Switzerland. 2JWpnlcn 
Seles. U S. 3Jana Novotna Czech Republic. 
4. lira Moiok, Croal'KL S.Undsav Davenport, 
UJ, iAmandaCoctrer. South Africa 7.Anke 
Huber, ijermany, BLAranhia Sanchez-Vicana 
Spain. 9 7Aarv Pierce. Franca iB.Conchria 
MaffindL Sonin. 11. Vary- Joe Fernandez. 
U S. IZ.ImaSpiriea Romania 13. Kimberley 
Pa U.S. 14. Brenda Schulta-fAcCaffity. 
Ncthcftonds. iS-Runandra Dragonur. Roma 
nia loJiarbora Paulus. Aasina 


Nalhaiie Tauzial i2i. Franca def. Kristine 
Kunca Australia 33 33 
Yayuk Basuki (4), Indonesia del. Inna 5p(r- 
teo H). Romania 76 '8-41.31. 


T ouztol dd. Basuki 2 6. 6-2. 32. 






Try a Little Love 


' 'What happened to the 
love in our lives?” Mary 
Croppers asked me over a 
plate of oysters. 

“I don’t know,” I said. 

“All you see in the news- 
papers are stories of women 
being abused 
and taken ad- 
vantage of and 
suing the pres- 
ident of the 
United States. 

What kind 
of a world are 
we going to 
live in if every 
couple, before 
making a date, has to appear 
before the Supreme Court? 
Where would Juliet be today 
if she complained that Romeo 
had made a pass at her?” 

“I don't know where she 
would be, but Romeo would 
be ordered by the court to do 
1,000 hours of community 
service as well as pay Juliet's 
legal fees.” 


Mary said. “I miss the love 
songs on the radio, the duets 
on the stage, the scenes in 
books where love triumphs 

“I do, too,” I said. “The 
trouble with love is that it 
doesn't sell newspapers. For 
some reason, readers want 
bad things to happen to good 
people. This is because the 
more bad things happen to 
other people, the better it 
makes them feel when they’re 
washing the dishes.” 

Big Bucks for Batman! 

The Assikmk d Press 

NEW YORK — A comic 
book featuring the fust ap- 
pearance of Batman has sold 
at auction at Sotheby’s for 
$68,500. The sale of about 700 
items took in $1.7 million. 

Mary said, “I've never told 
this to anyone before, but 
when Donald Trump’s mar- 
riage fell apart I read every 
word written about it Does 
that make me an unloving 

“No,” I said, “but it an- 
swers your question as to 
what happened to love. It’s no 
longer in fashion for a man to 
drop down on bis knees and 
say. *T love you and I want to 
many you,' and then break 
into 'Some Enchanted Even- 
ing.' You can get arrested for 
doing something like that.” 


Mary said. *‘I wish there 
was an easier way. Men and 
women want to be in love. 
The question is, how much in 
love can they be without en- 
couraging a lawsuit?” 

I said, "I don’t know." 

Mary said, “It's not when 
people are in love that there Is 
trouble. It's when they fall out 
of love that the going gets 
rough. Then the affair winds 
up in the newspaper, and the 
legal people start licking their 

I said, “If you watch tele- 
vision there are no longer any 
love stories. All the shows 
depict men slapping women 
around and women with Uzi 
submachine guns mowing 
men down. You never get 
much love out of Sigourney 

Mary said, ”1 miss men 
kissing women, and women 
kissing men, and whispering 
nice things to each other, and 
walking on the beach under a 
lull moon, bolding hands, and 
the man singing, 'If I Loved 
You,' and the woman reply- 
ing in kind with ‘The Sound 
of Music.' " 

“You’re not weird,” I told 
her, * ‘but you're really asking 
for more than the entertain- 
ment industry knows how to 

Paris Opera Ballet Passes the Pina Bausch Test 

By Alan Riding 

Netv York Times Service 

P ARIS — Under the extravagantly or- 
nate cupola of the Palais Gamier, 32 
dancers from the Paris Opera Ballet were 
wanning up as they do before every re- 
hearsal But the stretching, twisting and 
lunging movements they were practicing 
still looked alien on many of them. Trained 
as classical dancers, some had tasted mod- 
ern dance through Merce Cunningham, 

Paul Taylor and others. Yet they had 
known nothing quite like this. 

Then, punctually at 5 PAL, Pina Bausch 
arrived, a petite woman dressed in black, 
her hair in a bun, large glasses magnifying 
her eyes. The dancers stopped moving and 
turned in expectation toward the celebrat- 
ed 56-year-old German choreographer. 

“Hello," she said softly in English. 

“We shall start at the beginning.” 

A young woman took her place, lying on 
the ground beside a red scarf. The sound of 
Stravinsky’s * ‘Rite of Spring’ ’ flooded the 
rotunda. One, two, three women ran in, 
men joined them, and soon all 32 dancers 
were on the floor, with signs of effort, 
concentration and perhaps a hint of puz- 
zlement written across their faces. After 10 
minutes, Bausch waved an arm. The music 
stopped, and she and her three assistants 
joined the dancers to dissect the rights and 
wrongs of what they bad just seen. 

Even after a month of rehearsals, some 
of the dancers were evidently still strug- 
gling to come to terms with the unusual movements as- 
sociated with Bausch 's vocabulary. Nothing had prepared 
them for the sudden neck movements, for the sharp bending 
and turning, even for dancing barefoot 
Oddly, perhaps, Bausch was also appreheosive when she 
arrived here in mid-April. In the 23 years since she founded 
the acclaimed Pina Bausch Tanz theater Wuppertal she had 
never worked with a classical ballet troupe. Indeed, she had 
never worked with any dancers except her own. Now she had 
agreed to reprise her “Rite of Spring” of 1975 with the Paris 
Opera Ballet despite whispered warnings that its dancers 
were “difficult." 

“They scared me a little bit," she said with a soft smile 

Pina Bausch (front) working with members of the Paris Opera Ballet. 

Bausch said, referring to the work’s French name, ‘‘Le Sacre 
du Printemps.” “The starting point is the music. There are 
so many feelings in it; it changes constantly. There is also 
much fear in it. I thought, how would it be to dance knowing 
you have to die? How would you feel, how would 1 feel? The 
Chosen One is special but she dances knowing the end is 
death. The dancers listened carefully with big ears. They 
seemed very interested.” 

More complicated was the process of adapting their 
bodies to the dance. “I wanted to see what it would be like to 
work with people not used to this kind of movement this 
kind of aesthetic," she explained. “It’s another beauty; it’s 

another everything. You have to have another body for it It’s 

just days before the piece had its premiere in the Palais such a different thuig if you're dancing on points one day and 
Gamier last week. “I was so surprised. They worked so well, the next day you’re dancing with bare feet on earth.” 

so hard. It really has been wonderful to work with them. I feel 
they had a strong wish to do it, and that helped a Iol” 

It probably also helped that “The Rite of Spring" was one 
of Bausch *s first creations. It was on the program when the 
Tanztheaier Wuppertal first performed in New York in 1984, 
and it is still in her company’s repertory. “The first thing I 
did was to talk to them about whai ‘Sacre’ means to me," 

One early surprise was to find dancers wearing watches, 
rings and earrings; she said the jewels might cause injuries 
during some energetic movements and suggested they be 
removed. She then set about trying to make the dancers relax 
in ways that would permit their bodies- to accept new move- 
ments: when some complained of stiff necks, she said this was 
proof that they were still not relaxing. 

“Even running is difficult si first because 
you have to think of running from tee.” die 
paM, touching her chest. “You takes breath 
and you're going and your feet will react. 
YtmwtiLnm. Of course, if you are a classical 
danfcftC you run with your feet It’s com- 
pletely different- You c&zutot teach steps, h 
doesn't mean anything to reach steps. You 
have to reach in and chtmge the erase 

For many of die dancers, (be experience 
seemed bom exhausting and exhilarating, 
“We had to start from scratch,” said Ger- 
aldine Wiart, 27, one of four dancers who 
learned the role of 'the Chosen One. "It was 
as if she had to remodel our bodies. She 
taught us her technique, but our muscles 
weren’t used to it. We discovered new pains. 
Some of the movements would take hours, 
repeated 50 times until it was right, nntil our 
bodies became the memory of the move- 

Pietre Darde, 35, a dancer who has per- 
formed versions of * ‘The Rite of Spring by 
Nijinsky and Maurice Bejari; said he found 
it physically demanding not least because of 
the speed of the dance, with phrases that 
were rehearsed over several hours com- 
pressed into a few seconds. But he felt he 
had learned a great deal. “It's not something 
I can express in words,’ ’ he said. “It’s more 
the feeling of things tbat have passed 
through the body. But 1 have no doubt (hat 
this has been one of the primordial ex- 
periences of my 17 years at the Paris Opera 

Shortly before the opening. Bausch was ready to say that she 
had enjoyed the experience and might be willing to repeat h bat 
thar her final verdict would depend on the performance. 

She need not have worried. Having brought her company 
to Paris almost annually over the last 20 years, she has a loyal 
following here. The troupe began a fresh two- week run at die 
Theatre de la Ville on Friday, performing * ‘Nur Du.” created 
for Los Angeles last year. 

So, it was not surprising last week at the Palais Gamier, 
after “The Rite of Spring’* capped an evening that included 
George Balanchine's “Serenade” and Antony Tudor's 
“Dark Elegies," that Bausch was loudly cheered when she 
appeared at the final curtain. 

But it was an ovation deservedly shared by the dancers. 
They now seemed confident of their technique, yet they 
added the raw energy of novices, their bodies heaving, 
swaying and falling as if possessed, their glistening faces, 
legs and backs soon covered with earth. 

At the end, as the audience erupted in applause, there was 
one ciucial verdict they still awaited. Bausch came on stage, 
turned toward the dancers and began clapping. The Paris 
Opera Ballet had passed the test 

Frintok* Prariu/Thr Anmritoeni FVom 

VENETIAN HONOR — Germane CelanL, director of the Venice Bi- 
ennale, presents the Golden Lion award to Canadian artist Agnes Martin. 


T HE British model Naomi Campbell returned to 
work in Paris on Monday after receiving emer- 
gency treatment at a Canary Islands hospital over the 
weekend, her agent said. Spanish media reported that 
the 27-year-old model bad suffered from an overdose 
of barbiturates after an argument with her boyfriend, 
die flamenco dancer Joaquin Cortes. But Xavier 
Moreau of Elite modeling agency said Campbell had 
suffered an allergy to antibiotics. “It was an allergy to 
antibiotics, she didn’t take barbiturates,” be said. “She 
has resumed her activities.” 


The newborn son of the artist formerly known as 
Prince died last year of natural causes, the authorities 
have confirmed after a three-month review. The boy, 
born with an often fatal skeletal abnormality, died of 
natural causes on Oct. 23 when he was seven days old. 
the medical examiner’s office in Minneapolis said. 
Prince and his wife, Mayte Garcia -Nelson, never 
publicly confirmed the death of their son. Their names 
did not appear on the death certificate. 


Royalty from Sweden, Norway and Denmark and 
the presidents of Finland and Iceland got down to a 
medieval dinner, giving up knives and forks in favor of 
eating with their fingers. The royal guest list included 
Queen Margrethe II of Denmark, King Carl XVI 

Gustaf and Queen Silvia of Sweden. King Harald V 
and Queen Sonja of Norway, President Marttl Afat- 
isaari of Finland and his wife. Eeva, and President 
Olafur Ragnar Grimsson of Iceland and his wife. 
Gudrun Katrin Thorbergsdottir. The dinner com- 
memorated the 600th anniversary of the Kalmar Un- 
ion. The union lasted until 1521. 


Horton Foote, who won an Academy Award for his 
^screenplay of “To Kill a Mockingbird.” has been 
signed to bring “Little House on the' Prairie” to the big 
screen. “Little House," based on books by Laura 
Ingalls Wilder, told the story of a family on a small 
farm in Minnesota during the 1 870s. The TV series ran 
for nine seasons, beginning in 1974. Foote also won an 
Oscar for “Tender Mercies” and a Pulitzer Prize for 
his play “The Young Man From Atlanta.” 


Bill Olivas was known from Tulsa to Tahiti as 
Elephant Boy, Zander Zavo, The Bushman and some- 
times the Wild Man of Borneo, and now you can call 
him Father. Olivas was ordained a Roman Catholic 
priest in Qjai, California, completing a circuitous jour- 
ney to priesthood. For 25 years he toured the world as 
a professional wrestler, going to the mat with the likes 
of Gorgeous George Wagner and becoming a familiar 
face as the sport became a staple of early television. 

The journey look so many detours — World War II, a 
27-year marriage. 22 years as owner of a health spa — 
that at age 76 he is the oldest of some 500 men to he 
ordained Catholic priests in the United States this year. 
“I think that the Lord was always willing to grab me. 
but I was running a little ahead of him,” Olivas said. 


The latest canvas for Jerry Garcia’s art is a credit 
card. Private Issue Cards, which has introduced several 
cards commemorating musicians and athletes, has now 
issued a picture of a raspberry-red fox darting across a 
background of psychedelic colors as “Tbe Private Issue 
Jerry Garcia Road Trip.” Private Issue will also give 
money to match food donations to a food drive named 
after the Grateful Dead guitarist, who died in 1995. 


People apparently will swallow anything they can 
get their mouths on: Pins, keys, bones, burtons, coins. 
And now people will be able to look at things others 
have swallowed — or tried to swallow — in the revival 
of an exhibition at the old state historical museum io 
Des Moines, Iowa. Known by museum workers as 
“Things People Gagged On,” the exhibition, in stor- 
age for a decade, includes more titan 300 odd items tbat 
Dr. James A. Downing removed from throats and air 
passages during his practice. Downing, who died iri 
1956, thought of his collection as instructional. 

Steps to fofiow for easy calllog worldwide 

1. just dial the Access Number for the country you 
are calling from 

2. Dial the phone number you're calling. 

3. Dial die calling card number listed above your name. 



Czsth RspablicA. 

Franca „ 






Netteriands* .. . . 
tesla *a(hmc 0 v)» 
Siaia - 

AT&T Access Numbers 

822 - 903-811 

'. 0888 - 108-18 
. 80 - 42800*101 
... .31384010 
1 - 600 - 550-080 








IMteti KJflgtosn* 


.. . 920 - 795-811 
■ 0880 - 89-0011 
. 9580 - 89-0011 



. 518-8286 


177 - 180-2727 

Saudi Arabia* 

• 1880-10 


euasa. ... 


Keny 3 * 

. 0800-10 


Canl Bad itea a Mmriijf far the counnyywi'ne caflmg him? Jua ask any operator for 
OKI Dre** Serrtce, or *to* ott-Web sit at tmpUhrw, ^XCcomArwfcr 

8 - 88849-8123 

tart II ns maokt *rfi 1 .a*—! fuiiiuMM. * ^1 — & 

mine irfr f !»<■■— ;m 

<Iiu4nIMii — )■ ■■■■ * nu tty TOT1X.I** 1 *" IWH l Iqi M* ini II 

Every country has its own AT&T Access Number 
which makes calling home or to other countries really 
easy. Just dial the AT&T Access Number for the country 
you’re calling from and you'll get the fastest clearest 
connections home. And be sure to charge your calls 
on your AT&T Calling Card. It’ll help you avoid out- 
rageous phone charges on your hotel bill and save you 
up io 60 °'o* (remember that old Chinese provetb- 
a yuan saved is a yuan earned). Check the list below 
for AT&T Access Numbers.