============= Transaction # 1 ============================================== Transaction #: 1 Transaction Code: 0 (New Host Selected) Terminal ID: 12781888 Z39.50 Server ID: 0 (Astro/Math/Stat) Session ID: 1 New Z39.50 Server ID: 19 (TREC) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 15:58:48 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 15:58:48 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 2 ============================================== Transaction #: 2 Transaction Code: 35 (New Host Connected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 3 ============================================== Transaction #: 3 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:00:18 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:00:18 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 6 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {drugs for the treatment of asthma})" ============= Transaction # 4 ============================================== Transaction #: 4 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 8389 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 5 ============================================== Transaction #: 5 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-10709 _AN-EBHC6AE5FT 940 208 FT 08 FEB 94 / UK Company News: Glaxo asthma drug wi ns US approval By DANIEL GREEN Glax o has belatedly won US approval for one of its most important products of th e 1990s, the inhaled asthma treatment Serevent. The US Food and Drug Adminis tration had been expected to approve the drug in December and Glaxo shares f ell when this did not happen. After Serevent's approval yesterday, the share s rose 15p to end the day with a net fall of 2p at 664p. The drug is importa nt to Glaxo because it is a successor to Ventolin, the long standing big sel ler in asthma treatment. Such respiratory treatments are second in importanc e only to ulcer drugs in Glaxo's therapeutic portfolio, accounting for almos t one quarter of total sales. The older drug has now lost much of its patent protection and the company is relying on Serevent to underpin its position in the market. The drug was approved in Europe in 1991 and should eventually reach sales of Pounds 350m a year, according to James Capel, the broker. In the last full year, Serevent sold Pounds 73m while Ventolin sales were wort h Pounds 484m. The drug had a setback last month, however, when Italian gove rnment healthcare reforms favoured Ventolin by excluding Serevent from a lis t of drugs the government would pay for. Glaxo lodged an appeal against the ruling. Companies:- Glaxo Holdings. Countr ies:- USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Types:- TECH P roducts & Product use. The Financial Times London P age 24 ============= Transaction # 6 ============================================== Transaction #: 6 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-10709 _AN-EBHC6AE5FT 940 208 FT 08 FEB 94 / UK Company News: Glaxo asthma drug wi ns US approval By DANIEL GREEN Glax o has belatedly won US approval for one of its most important products of th e 1990s, the inhaled asthma treatment Serevent. The US Food and Drug Adminis tration had been expected to approve the drug in December and Glaxo shares f ell when this did not happen. After Serevent's approval yesterday, the share s rose 15p to end the day with a net fall of 2p at 664p. The drug is importa nt to Glaxo because it is a successor to Ventolin, the long standing big sel ler in asthma treatment. Such respiratory treatments are second in importanc e only to ulcer drugs in Glaxo's therapeutic portfolio, accounting for almos t one quarter of total sales. The older drug has now lost much of its patent protection and the company is relying on Serevent to underpin its position in the market. The drug was approved in Europe in 1991 and should eventually reach sales of Pounds 350m a year, according to James Capel, the broker. In the last full year, Serevent sold Pounds 73m while Ventolin sales were wort h Pounds 484m. The drug had a setback last month, however, when Italian gove rnment healthcare reforms favoured Ventolin by excluding Serevent from a lis t of drugs the government would pay for. Glaxo lodged an appeal against the ruling. Companies:- Glaxo Holdings. Countr ies:- USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Types:- TECH P roducts & Product use. The Financial Times London P age 24 ============= Transaction # 7 ============================================== Transaction #: 7 Transaction Code: 2 (New Disp. Format Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 8 ============================================== Transaction #: 8 Transaction Code: 38 (Record Deselected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-10709 _AN-EBHC6AE5FT 940 208 FT 08 FEB 94 / UK Company News: Glaxo asthma drug wi ns US approval By DANIEL GREEN Glax o has belatedly won US approval for one of its most important products of th e 1990s, the inhaled asthma treatment Serevent. The US Food and Drug Adminis tration had been expected to approve the drug in December and Glaxo shares f ell when this did not happen. After Serevent's approval yesterday, the share s rose 15p to end the day with a net fall of 2p at 664p. The drug is importa nt to Glaxo because it is a successor to Ventolin, the long standing big sel ler in asthma treatment. Such respiratory treatments are second in importanc e only to ulcer drugs in Glaxo's therapeutic portfolio, accounting for almos t one quarter of total sales. The older drug has now lost much of its patent protection and the company is relying on Serevent to underpin its position in the market. The drug was approved in Europe in 1991 and should eventually reach sales of Pounds 350m a year, according to James Capel, the broker. In the last full year, Serevent sold Pounds 73m while Ventolin sales were wort h Pounds 484m. The drug had a setback last month, however, when Italian gove rnment healthcare reforms favoured Ventolin by excluding Serevent from a lis t of drugs the government would pay for. Glaxo lodged an appeal against the ruling. Companies:- Glaxo Holdings. Countr ies:- USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Types:- TECH P roducts & Product use. The Financial Times London P age 24 ============= Transaction # 9 ============================================== Transaction #: 9 Transaction Code: 2 (New Disp. Format Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 10 ============================================== Transaction #: 10 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-10709 _AN-EBHC6AE5FT 940 208 FT 08 FEB 94 / UK Company News: Glaxo asthma drug wi ns US approval By DANIEL GREEN Glax o has belatedly won US approval for one of its most important products of th e 1990s, the inhaled asthma treatment Serevent. The US Food and Drug Adminis tration had been expected to approve the drug in December and Glaxo shares f ell when this did not happen. After Serevent's approval yesterday, the share s rose 15p to end the day with a net fall of 2p at 664p. The drug is importa nt to Glaxo because it is a successor to Ventolin, the long standing big sel ler in asthma treatment. Such respiratory treatments are second in importanc e only to ulcer drugs in Glaxo's therapeutic portfolio, accounting for almos t one quarter of total sales. The older drug has now lost much of its patent protection and the company is relying on Serevent to underpin its position in the market. The drug was approved in Europe in 1991 and should eventually reach sales of Pounds 350m a year, according to James Capel, the broker. In the last full year, Serevent sold Pounds 73m while Ventolin sales were wort h Pounds 484m. The drug had a setback last month, however, when Italian gove rnment healthcare reforms favoured Ventolin by excluding Serevent from a lis t of drugs the government would pay for. Glaxo lodged an appeal against the ruling. Companies:- Glaxo Holdings. Countr ies:- USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Types:- TECH P roducts & Product use. The Financial Times London P age 24 ============= Transaction # 11 ============================================== Transaction #: 11 Transaction Code: 31 (Save Records Cancelled) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 12 ============================================== Transaction #: 12 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-10709 _AN-EBHC6AE5FT 940 208 FT 08 FEB 94 / UK Company News: Glaxo asthma drug wi ns US approval By DANIEL GREEN Glax o has belatedly won US approval for one of its most important products of th e 1990s, the inhaled asthma treatment Serevent. The US Food and Drug Adminis tration had been expected to approve the drug in December and Glaxo shares f ell when this did not happen. After Serevent's approval yesterday, the share s rose 15p to end the day with a net fall of 2p at 664p. The drug is importa nt to Glaxo because it is a successor to Ventolin, the long standing big sel ler in asthma treatment. Such respiratory treatments are second in importanc e only to ulcer drugs in Glaxo's therapeutic portfolio, accounting for almos t one quarter of total sales. The older drug has now lost much of its patent protection and the company is relying on Serevent to underpin its position in the market. The drug was approved in Europe in 1991 and should eventually reach sales of Pounds 350m a year, according to James Capel, the broker. In the last full year, Serevent sold Pounds 73m while Ventolin sales were wort h Pounds 484m. The drug had a setback last month, however, when Italian gove rnment healthcare reforms favoured Ventolin by excluding Serevent from a lis t of drugs the government would pay for. Glaxo lodged an appeal against the ruling. Companies:- Glaxo Holdings. Countr ies:- USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Types:- TECH P roducts & Product use. The Financial Times London P age 24 ============= Transaction # 13 ============================================== Transaction #: 13 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-10268 _AN-CBGA3AA0FT 920 207 FT 07 FEB 92 / Technology (Worth Watching): Relief i n sight for asthma sufferers By DELLA BRADSHAW A BREAKTHROUGH in the treatment of severe asthma could open up t he way for a new range of anti-asthma drugs. Doctors at the Royal Brompton N ational Heart & Lung Hospital and the London Chest Hospital have found that cyclosporin A, a drug used to suppress organ rejection after transplant surg ery, produced a marked improvement in chronic asthma sufferers. At the momen t most patients need high doses or oral steroids, which can produce side eff ects. The cyclosporin A drug works by suppressing the T lymphocyte immune ce lls in the body. Researchers at the Royal Brompton hospital have suspected f or some time that these white blood cells play an important role in causing asthmatic symptoms. The results of their research, published in this week's The Lancet, mean drugs could be developed in the future which treat asthma e ffectively but are less toxic and more selective than today's treatments. Ro yal Brompton Hospital: UK, 071 352 8121. The Financial Times London Page 10 Illustration (Omitted). ============= Transaction # 14 ============================================== Transaction #: 14 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT932-3240 _AN-DFOCRAE8FT 9306 15 FT 15 JUN 93 / UK Company News: Fisons launches asthm a drug in US By PAUL ABRAHAMS FISON S, the healthcare and scientific instruments group, yesterday began marketin g Tilade, an asthma treatment, in the US. 'This is Fisons' last throw of the dice to remain a viable pharmaceutical entity,' said Mr Paul Woodhouse, dru gs analyst at Smith New Court. 'They have to make this launch work'. The com pany is co-promoting the product with Rhone-Poulenc Rorer. The groups aim to position the product for those with mild asthma who use a bronchodilator, s uch as Ventolin, more than three times a week. Whereas bronchodilators help improve symptoms, Tilade is designed to treat the underlying inflammation. F isons is co-promoting Azmacourt, RPR's inhaled steroid medicine, which is de signed for patients using bronchodilators more than three times a day. US do ctors have been reluctant to prescribe inhaled steroids because of potential side-effects. 'The group has a window of opportunity to establish this drug before safer second-generation inhaled steroids come on the market,' said M r Woodhouse. Tilade was approved by the Food and Drug Administration in Janu ary, but Fisons waited for the results of a further clinical trial to show i t was more effective than Intal, its other asthma treatment. Co mpanies:- Fisons. Rhone-Poulenc Rorer. Countries:- GBZ United Kingdom, EC. USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Ty pes:- TECH Products & Product use. CMMT Comment & Analysis. The Financial Times London Page 23 ============= Transaction # 15 ============================================== Transaction #: 15 Transaction Code: 38 (Record Deselected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-10709 _AN-EBHC6AE5FT 940 208 FT 08 FEB 94 / UK Company News: Glaxo asthma drug wi ns US approval By DANIEL GREEN Glax o has belatedly won US approval for one of its most important products of th e 1990s, the inhaled asthma treatment Serevent. The US Food and Drug Adminis tration had been expected to approve the drug in December and Glaxo shares f ell when this did not happen. After Serevent's approval yesterday, the share s rose 15p to end the day with a net fall of 2p at 664p. The drug is importa nt to Glaxo because it is a successor to Ventolin, the long standing big sel ler in asthma treatment. Such respiratory treatments are second in importanc e only to ulcer drugs in Glaxo's therapeutic portfolio, accounting for almos t one quarter of total sales. The older drug has now lost much of its patent protection and the company is relying on Serevent to underpin its position in the market. The drug was approved in Europe in 1991 and should eventually reach sales of Pounds 350m a year, according to James Capel, the broker. In the last full year, Serevent sold Pounds 73m while Ventolin sales were wort h Pounds 484m. The drug had a setback last month, however, when Italian gove rnment healthcare reforms favoured Ventolin by excluding Serevent from a lis t of drugs the government would pay for. Glaxo lodged an appeal against the ruling. Companies:- Glaxo Holdings. Countr ies:- USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Types:- TECH P roducts & Product use. The Financial Times London P age 24 ============= Transaction # 16 ============================================== Transaction #: 16 Transaction Code: 31 (Save Records Cancelled) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 17 ============================================== Transaction #: 17 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:11:29 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:11:29 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 9 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {drugs for the treatment of asthma and ventolin}) and (topic {ventolin})" ============= Transaction # 18 ============================================== Transaction #: 18 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 20 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 19 ============================================== Transaction #: 19 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-10709 _AN-EBHC6AE5FT 940 208 FT 08 FEB 94 / UK Company News: Glaxo asthma drug wi ns US approval By DANIEL GREEN Glax o has belatedly won US approval for one of its most important products of th e 1990s, the inhaled asthma treatment Serevent. The US Food and Drug Adminis tration had been expected to approve the drug in December and Glaxo shares f ell when this did not happen. After Serevent's approval yesterday, the share s rose 15p to end the day with a net fall of 2p at 664p. The drug is importa nt to Glaxo because it is a successor to Ventolin, the long standing big sel ler in asthma treatment. Such respiratory treatments are second in importanc e only to ulcer drugs in Glaxo's therapeutic portfolio, accounting for almos t one quarter of total sales. The older drug has now lost much of its patent protection and the company is relying on Serevent to underpin its position in the market. The drug was approved in Europe in 1991 and should eventually reach sales of Pounds 350m a year, according to James Capel, the broker. In the last full year, Serevent sold Pounds 73m while Ventolin sales were wort h Pounds 484m. The drug had a setback last month, however, when Italian gove rnment healthcare reforms favoured Ventolin by excluding Serevent from a lis t of drugs the government would pay for. Glaxo lodged an appeal against the ruling. Companies:- Glaxo Holdings. Countr ies:- USZ United States of America. Industries:- P2834 Pharmaceutical Preparations. Types:- TECH P roducts & Product use. The Financial Times London P age 24 ============= Transaction # 20 ============================================== Transaction #: 20 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-8312 _AN-DKPCNAEUFT 9311 16 FT 16 NOV 93 / International Company News: Two Glaxo drugs to face Astra challenge By PAUL ABRAHAMS ASTRA, the Swedish pharmaceuticals group, is in the final stages of developing treatments to compete with two of Glaxo's top-selling drugs. The company said it planned to submit its first dossier for its Turbuhaler d evice containing a generic version of Glaxo's Ventolin, the world's best-sel ling asthma treatment, by the end of the year. It claimed the Turbuhaler was far more effective at delivering the drug into the lungs than traditional i nhalers. Ventolin generated sales for Glaxo last year of Pounds 484m (Dollar s 731m). Astra did not say when it would submit a dossier to the Food and Dr ug Administration in the US, the world's largest market. It is also planning to submit dossiers for Turbuhaler generic versions of Boehringer Ingelheim' s Attovent, and Ciba's Foradil, a product licensed from Yamanouchi. Glaxo sa id the Turbuhaler's ability to increase drug volumes reaching the lungs was immaterial because the medicine's concentration could easily be increased to compensate without risk of side-effects. The company already markets its ow n dry-powder disk inhaler and is developing additional asthma delivery syste ms. It admitted Ventolin, known as Volmax in North America, had not had any generic inhaled competition so far in the US. The Swedish group also said th at in 1995 it would submit the first dossier for the eradication of helicoba cter pylori, a bacterium that causes peptic ulcers, using its anti-ulcer dru g Losec and an antibiotic, amoxycillin. A large proportion of Glaxo's sales of Zantac, the world's best-selling drug, are to prevent the recurrence of u lcers. If the combination is effective and adopted by doctors it could have an adverse impact on Zantac sales, which represent 44 per cent of Glaxo grou p turnover. Glaxo is developing its own eradication therapy using Zantac. Companies:- Astra Holdings. Glaxo Holdings. < XX> Countries:- SEZ Sweden, West Europe. GBZ United Kingdom, EC. Industries:- P2834 Pharmaceutical Preparations. P3841 Surgical and Medical Instruments. Types:- TECH Products & Product use. The Financial Times London Page 28 ============= Transaction # 21 ============================================== Transaction #: 21 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-3241 _AN-DIOCVABUFT 9309 15 FT 15 SEP 93 / World Trade News: Victory for Glaxo on asthma drug in US By PAUL ABRAHAMS GLAXO, Europe's biggest pharmaceutical group, will continue not to face gen eric competition in the US against its second best-selling drug, Ventolin, f ollowing a meeting of two Food and Drug Administration advisory committees y esterday. The committees, covering pulmonary and oncology affairs, and gener ic products, concluded they could not yet agree a way for generic companies to produce versions of off-patent asthma treatments delivered through inhale rs. Although Ventolin is off-patent in the US, there is no method for generi cs groups to manufacture a device that delivers the correct dosage into the lungs. The two bodies were concerned about both the safety and efficacy of g eneric inhaled asthma products. They decided further work was required to cr eate the protocols for generic devices to be licensed. The decision is posit ive for Glaxo, and Schering-Plough of the US, whose drug Proventil was also being considered. Companies:- Glaxo Holdings. < XX> Countries:- USZ United States of America. Industri es:- P2834 Pharmaceutical Preparations. Types:- < TP>COMP Company News. The Financial Times London P age 10 ============= Transaction # 22 ============================================== Transaction #: 22 Transaction Code: 2 (New Disp. Format Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 23 ============================================== Transaction #: 23 Transaction Code: 2 (New Disp. Format Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 24 ============================================== Transaction #: 24 Transaction Code: 12 (Record Relevance Feedback) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:13:40 1999 Rec. Format: Long Time Cmd Complete: Mon Aug 23 16:13:40 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind Default:1,2,3 ============= Transaction # 25 ============================================== Transaction #: 25 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 209969 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 26 ============================================== Transaction #: 26 Transaction Code: 16 (History Viewed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 27 ============================================== Transaction #: 27 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 209969 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 28 ============================================== Transaction #: 28 Transaction Code: 15 (Terms Cleared) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 29 ============================================== Transaction #: 29 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:19:11 1999 Rec. Format: Long Time Cmd Complete: Mon Aug 23 16:19:11 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 8 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {acts of violence against tourists}) or (topic {bodily harm} ) or (topic {death})" ============= Transaction # 30 ============================================== Transaction #: 30 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Long Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 24464 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 31 ============================================== Transaction #: 31 Transaction Code: 2 (New Disp. Format Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 32 ============================================== Transaction #: 32 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT942-9487 _AN-EEPCBAA8FT 9405 16 FT 16 MAY 94 / International Press Review: A death to prompt French regrets -British Politics By Our Cor respondents It is very rare for the death of a politician t o be commemorated in an editorial on the prestigious front page of Le Monde, the bastion of the French political press: all the rarer if the deceased wa s foreign, not French, and in opposition. Yet Le Monde's leader writers deci ded that John Smith merited such a tribute and summed up their conclusions a bout the consequences of his sudden death in the headline - 'British Disarra y'. Mr Smith himself was described in a separate story in the flowery style characteristic of French journalism as 'a devout presbyterian and opera love r. . . his sober appearance and heavy physique, hiding a surprising intellec tual agility'. Le Figaro, the conservative daily, devoted nearly a page to ' John Smith: Convincing and Competent'. It also alluded to the more raffish s ide of the former Labour leader by noting, approvingly, that it was he who h ad ordered a bottle of champagne on the night before he died at the end of a meeting on the European elections with Mr Michel Rocard, the French sociali st leader. Liberation, the left-liberal daily, also made reference to the ch ampagne interlude. It quoted a Rocard aide as describing Mr Smith as having been 'on good form, relaxed, cheerful, but also alert' on that night. Mr Roc ard himself was generous in his praise when reflecting upon Mr Smith in a Fr ench radio interview. 'It was John Smith who convinced me that there could b e a Europe with Britain,' he said. The Japanese media generally reported the death of Mr Smith as a significant blow not only to the Labour party but to UK politics as a whole. The TV Tokyo network said the loss of Mr Smith, who se personal popularity was seen as a significant factor behind Labour's rece nt favourable ratings, has left the party in a difficult position. Mainichi Shimbun, a national daily - whose headline 'Party Leader Smith Dies Suddenly ' is printed above - foreshadowed the battle within the Labour party to succ eed Mr Smith: 'The death of Mr Smith is likely to have an effect not only on the Labour party but on British politics as a whole. 'The Conservative part y chose Mr John Major as leader, after it was led by a very strong leader, M rs Margaret Thatcher, and is always struggling with the problem of internal dissension. Similarly, it is questionable whether the Labour party will find a leader as strong as Mr Smith and it is possible that both the Conservativ es and Labour will enter a leaderless period.' The UK Press Association head line, 'John Smith's death stuns the world', may have been understandable, bu t it was also hyperbolic, at least as far as the US media was concerned. The main TV network Thursday evening news programmes all recorded Mr Smith's de ath, but relatively briefly and in the second half of their 30-minute broadc asts. The leading newspapers treated the story respectably. Both The New Yor k Times and the Washington Post did not start their coverage on their front pages beyond putting little boxes there drawing attention to stories in thei r foreign news sections. The Times ran two items from its London bureau - a straightforward news story on the details of Mr Smith's death and reactions to it, plus a more analytical piece on the political consequences for the La bour and Conservative parties. The Post combined both elements in a single p iece. In general, the recent twists and turns of UK politics are not followe d minutely in the US media, perhaps understandably so. This stands in sharp contrast to the UK press's fascination with every minute and salacious detai l of President Clinton's private life. Not one of the 46 national and region al newspapers in Germany spared any editorial space for the former leader of the Labour party on the day after his death, focusing instead on an unevent ful two-day visit by President Boris Yeltsin, the affairs of the new Italian government and interest rates. The only UK event to stir interest on Friday was a few lines on 'mad cow' beef in the Schwabische Zeitung. Most papers m erely recorded Smith's death, sometimes on inside pages. 'The best prime min ister Labour never had,' was how the Frankfurter Allgemeine Zeitung put it, drawing the parallel with Hugh Gaitskell's sudden death in 1963. 'While he m ay not have been a brilliant speaker, the Scottish lawyer radiated statesman -like authority which one often misses in his opponent, John Major.' The lef t-leaning Frankfurter Rundschau made most of how Smith had added colour to t he party: 'He infused the party with his own quiet self-confidence; his humo ur, his advocate's intellect and strict morality presented Labour with an at tractive advertisement for the 90s.' Compiled by Alice Rawsthorn in Paris, M ichiyo Nakamoto in Tokyo, Jurek Martin in Washington and Michael Lindemann i n Bonn. Countries:- FRZ France, EC. JPZ Japan, Asia. GBZ United Kingdom, EC. USZ United States of America. DE Z Germany, EC. Industries:- P8651 Political Organizati ons. P2711 Newspapers. Types:- PEOP People. CM MT Comment & Analysis. The Financial Times London Page 6 ============= Transaction # 33 ============================================== Transaction #: 33 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 24464 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 34 ============================================== Transaction #: 34 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:22:24 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:22:24 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 4 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tourists}) or (topic {bodily harm}) or (topic {death})" ============= Transaction # 35 ============================================== Transaction #: 35 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7504 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 36 ============================================== Transaction #: 36 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7504 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 37 ============================================== Transaction #: 37 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:23:11 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:23:11 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 4 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tourists}) or (topic {bodily harm}) or (topic {death})" ============= Transaction # 38 ============================================== Transaction #: 38 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7504 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 39 ============================================== Transaction #: 39 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:23:58 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:23:58 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 5 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tourist killings}) or (topic {bodily harm}) or (topic {deat h})" ============= Transaction # 40 ============================================== Transaction #: 40 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 11923 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 41 ============================================== Transaction #: 41 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:24:27 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:24:27 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 2 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tourist killings})" ============= Transaction # 42 ============================================== Transaction #: 42 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7804 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 43 ============================================== Transaction #: 43 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-2390 _AN-CIRBKAAAFT 9209 18 FT 18 SEP 92 / World News in Brief: Bear kills touris t British tourist Trevor Perry-Lancaster, 46, from Winche ster, was attacked and killed by a grizzly bear as he prepared to set up cam p in Jasper National Park, in the Canadian Rocky Mountains near Calgary, Alb erta. His wife was also injured in the attack. The bear was later shot dead by park wardens. The Financial Times London Page 1 ============= Transaction # 44 ============================================== Transaction #: 44 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-12197 _AN-CJVB5AA9FT 921 022 FT 22 OCT 92 / British tourist killed by gunmen on E gypt tour By TONY WALKER CAI RO A BRITISH tourist was killed and two wounded yesterday when gunmen opened fire on a tour bus near the southern Egyptian town of As siut - a hotbed of Islamic extremism. An official in Assiut said the woman t ourist had died of wounds in hospital. The incident could hardly be a worse advertisement for Egypt's lucrative tourist industry expected to be worth so me Dollars 3bn this year. Tourism is easily the hard-pressed country's main foreign exchange earner. Yesterday's shooting followed a similar episode ear lier this month when Moslem militants fired automatic weapons at a Nile crui ser with German tourists on board. Egyptian police said that gunmen ambushed the tour bus near the town of Dayrut, some 270km south of Cairo. Dayrut has , for months, been the focus of a bitter feud between Islamic militants and security forces, marked by persistent violence. The Egyptian government has been battling a resurgent Islamic movement whose activities were brought int o sharper focus by the recent earthquake, with the authorities accusing fund amentalists of seeking to exploit the tragedy for political purposes. Distur bances on the streets of Cairo last weekend, apparently inspired by Islamic militants and in which government relief efforts were openly criticised, hav e been regarded as an ominous development. The Financial Times London Page 4 ============= Transaction # 45 ============================================== Transaction #: 45 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-1694 _AN-CLRBYAGKFT 9212 17 FT 17 DEC 92 / World News in Brief: Egypt reassures t ourists Egyptian president Hosni Mubarak, trying to reass ure tourists worried about attacks by Moslem militants, said security forces had crushed the movement. A British tourist was killed recently and five Ge rmans injured. The Financial Times International Page 1 ============= Transaction # 46 ============================================== Transaction #: 46 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-2390 _AN-CIRBKAAAFT 9209 18 FT 18 SEP 92 / World News in Brief: Bear kills touris t British tourist Trevor Perry-Lancaster, 46, from Winche ster, was attacked and killed by a grizzly bear as he prepared to set up cam p in Jasper National Park, in the Canadian Rocky Mountains near Calgary, Alb erta. His wife was also injured in the attack. The bear was later shot dead by park wardens. The Financial Times London Page 1 ============= Transaction # 47 ============================================== Transaction #: 47 Transaction Code: 38 (Record Deselected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-2390 _AN-CIRBKAAAFT 9209 18 FT 18 SEP 92 / World News in Brief: Bear kills touris t British tourist Trevor Perry-Lancaster, 46, from Winche ster, was attacked and killed by a grizzly bear as he prepared to set up cam p in Jasper National Park, in the Canadian Rocky Mountains near Calgary, Alb erta. His wife was also injured in the attack. The bear was later shot dead by park wardens. The Financial Times London Page 1 ============= Transaction # 48 ============================================== Transaction #: 48 Transaction Code: 31 (Save Records Cancelled) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 49 ============================================== Transaction #: 49 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-2390 _AN-CIRBKAAAFT 9209 18 FT 18 SEP 92 / World News in Brief: Bear kills touris t British tourist Trevor Perry-Lancaster, 46, from Winche ster, was attacked and killed by a grizzly bear as he prepared to set up cam p in Jasper National Park, in the Canadian Rocky Mountains near Calgary, Alb erta. His wife was also injured in the attack. The bear was later shot dead by park wardens. The Financial Times London Page 1 ============= Transaction # 50 ============================================== Transaction #: 50 Transaction Code: 38 (Record Deselected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-1694 _AN-CLRBYAGKFT 9212 17 FT 17 DEC 92 / World News in Brief: Egypt reassures t ourists Egyptian president Hosni Mubarak, trying to reass ure tourists worried about attacks by Moslem militants, said security forces had crushed the movement. A British tourist was killed recently and five Ge rmans injured. The Financial Times International Page 1 ============= Transaction # 51 ============================================== Transaction #: 51 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-2521 _AN-DISAKAATFT 9309 18 FT 18 SEP 93 / Sun still shines for big bucks tourism : Damian Fraser finds Florida little shaken by murders among holiday-makers By DAMIAN FRASER THE MURDER of nine foreign visitors in a year is the stuff of public relations nightmares for every tourist destination. Florida reached that unenviable record on Tuesday , with the killing of the British holiday-maker Mr Gary Colley. It is waitin g anxiously for the full impact on its premier industry. Florida is the worl d's most popular tourist spot, having overtaken California last year. A litt le more than 41m tourists - about 36m Americans and 7m foreigners - came to the Sunshine State last year, some 2 per cent more than the year before. Tou rism is also Florida's largest industry. Tourist spending was Dollars 31bn ( Pounds 20.1bn) last year, or 22 per cent of the total in the state. Florida authorities are the first to admit the negative publicity from the killings will have some short-term impact. Mr Greg Farmer, commerce secretary, says t he industry might suffer a 15-25 per cent decline this year. Of particular c oncern is the booming convention business, which received 680,000 delegates last year. 'They look for safety,' says Mr Crotts, 'and the perception is Fl orida is not safe'. Travel agents expected the biggest impact in the oversea s market, the fastest-growing segment of the tourist industry. They spoke of the immediate reduction in bookings from German-speaking countries, and exp ected the UK tabloid newspaper coverage of the murder of Mr Colley to have i ts effect on the UK market. With more than 1m tourists to Florida annually, the UK sends the largest number of its citizens to the state after Canada. T he immediate problem is not cancellations. These are unlikely just now, give n the deposits tourists pay, but the winter season, for which bookings are n ow being made, is another matter. The overseas tourists will be further put off by the appreciation of the dollar against European currencies. The Assoc iation of British Travel Agents (Abta) expects growth of UK tourism to Flori da to slow to single digits per cent this year, from 22 per cent growth last year. But the Abta doubts there will be a decline of UK tourism, since most would-be tourists realise that the odds against them being subject to a cri me remain long. Local economists likewise doubt the impact of recent murders will be 'catastrophic', as Mr Farmer put it. Florida has enormous advantage s - winter sun, beaches, the world's best theme parks in Orlando, and a huge amount of repeat business from Americans with homes or relatives in the sta te. Florida has established a critical mass of highly competitive tourist se rvices that offer some of the cheapest and best-value accommodation in the w orld. The state boasts varied attractions. Miami, notwithstanding all its da ngers, has become a commercial hub of the Americas, with companies such as A T&T and General Motors setting up regional Latin American headquarters in th e city. Orlando brings in mainly US tourists, though Europeans are catching up quickly (growing by 32 per cent last year). Much safer than Miami, Orland o attracts families and increasingly businessmen at conventions. As the stat e's most important industry, tourism enjoys privileges. Hundreds of murders of locals barely raise an eyebrow in the state but the killing of Mr Colley and, last week, that of the German Mr Uwe-Wilhelm Rakebrand, set off a massi ve campaign to promote tourist safety, including 24-hour patrols of highway rest areas, plain-clothes police searching for lost tourists, and free telep hone advice to tourists. Fear is not yet deterring investors. This week, Uni versal Studios voted with its cheque book on the future of Florida's tourism industry by announcing an estimated Dollars 3bn expansion in Orlando, inclu ding a Jurassic Park theme park, hotels, a convention centre and golf course s. Countries:- USZ United States of America. < XX> Industries:- P9611 Administration of General Economic Programs . P7999 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Pa ge 3 ============= Transaction # 52 ============================================== Transaction #: 52 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7713 _AN-CHRBAADAFT 9208 15 FT 15 AUG 92 / World News in Brief: Bomb kills climbe rs Two Austrian tourists were killed when a First World W ar bomb exploded on a mountainside near Bolzano, Italy. One of the men is th ought to have struck the bomb with an ice axe. The Financial Ti mes London Page 1 ============= Transaction # 53 ============================================== Transaction #: 53 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7713 _AN-CHRBAADAFT 9208 15 FT 15 AUG 92 / World News in Brief: Bomb kills climbe rs Two Austrian tourists were killed when a First World W ar bomb exploded on a mountainside near Bolzano, Italy. One of the men is th ought to have struck the bomb with an ice axe. The Financial Ti mes London Page 1 ============= Transaction # 54 ============================================== Transaction #: 54 Transaction Code: 31 (Save Records Cancelled) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 55 ============================================== Transaction #: 55 Transaction Code: 38 (Record Deselected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7713 _AN-CHRBAADAFT 9208 15 FT 15 AUG 92 / World News in Brief: Bomb kills climbe rs Two Austrian tourists were killed when a First World W ar bomb exploded on a mountainside near Bolzano, Italy. One of the men is th ought to have struck the bomb with an ice axe. The Financial Ti mes London Page 1 ============= Transaction # 56 ============================================== Transaction #: 56 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7713 _AN-CHRBAADAFT 9208 15 FT 15 AUG 92 / World News in Brief: Bomb kills climbe rs Two Austrian tourists were killed when a First World W ar bomb exploded on a mountainside near Bolzano, Italy. One of the men is th ought to have struck the bomb with an ice axe. The Financial Ti mes London Page 1 ============= Transaction # 57 ============================================== Transaction #: 57 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 10 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-12354 _AN-EKBD9ABKFT 941 102 FT 02 NOV 94 / British tourists are set free By SHIRAZ SIDHVA NEW DELHI Three British tourists - Paul Ridout, Christopher Croston and Rhy s Partridge -held hostage by Kashmiri militants were freed by Indian police yesterday, less than 24 hours after the authorities discovered they had bee n kidnapped. Two policemen and one kidnapper were killed in a 20-minute pre- dawn shootout after Uttar Pradesh state police stormed a militant hideout in Saharanpur, near New Delhi, to rescue the Britons. Police believe three mor e militants were involved in the kidnapping and have launched a massive hunt to trace them. The three were handed over to the British High Commission ye sterday. Al Hadeed, a hitherto unknown militant group, had left a note at th e BBC office in New Delhi on Monday afternoon, demanding the release of eigh t Kashmiri militants or threatening to kill the three British hostages. Poli ce said they were able to locate the Britons so swiftly because of a tip-off from Mr Bela Joseph Nuss, an American tourist whom they rescued by coincide nce in Ghaziabad on the outskirts of Delhi on Monday. Countries :- INZ India, Asia. Industries:- P9229 Publi c Order and Safety, NEC. Types:- PEOP People.

The Financial Times London Page 7 ============= Transaction # 58 ============================================== Transaction #: 58 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7804 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 59 ============================================== Transaction #: 59 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 14 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-15976 _AN-CAGBXADBFT 920 107 FT 07 JAN 92 / Savimbi deplores killings By REUTER ABIDJAN AN GOLAN opposition leader Jonas Savimbi said yesterday his former rebels were not responsible for the deaths of four British travellers killed in an ambus h, Reuter reports from Abidjan. However, Mr Savimbi, head of the Unita movem ent, also said at a press conference in the Ivory Coast that while he deplor ed the killing of tourists, he did not think it was wise for foreigners to t ravel in a country which had just ended a civil war. He blamed robbers for t he attack, near a base where thousands of former Unita rebels are confined. The Financial Times London Page 4 ============= Transaction # 60 ============================================== Transaction #: 60 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 14 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-15976 _AN-CAGBXADBFT 920 107 FT 07 JAN 92 / Savimbi deplores killings By REUTER ABIDJAN AN GOLAN opposition leader Jonas Savimbi said yesterday his former rebels were not responsible for the deaths of four British travellers killed in an ambus h, Reuter reports from Abidjan. However, Mr Savimbi, head of the Unita movem ent, also said at a press conference in the Ivory Coast that while he deplor ed the killing of tourists, he did not think it was wise for foreigners to t ravel in a country which had just ended a civil war. He blamed robbers for t he attack, near a base where thousands of former Unita rebels are confined. The Financial Times London Page 4 ============= Transaction # 61 ============================================== Transaction #: 61 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 15 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-301 _AN-EL3DMAAGFT 94123 0 FT 30 DEC 94 / World News in Brief: Holidaymakers kill ed Five British tourists on a skiing holiday were killed in a road accident near Nice, southern France. Countries:- FRZ France, EC. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 1 ============= Transaction # 62 ============================================== Transaction #: 62 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 17 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-12228 _AN-DGZB2AARFT 930 726 FT 26 JUL 93 / Four hurt in Turk bombing By Agencies A BOMB injured three foreign touri sts and a Turk at a tourist site in central Istanbul, yesterday, agencies re port. It was not immediately clear whether the blast was connected with thre ats by the separatist Kurdistan Workers' Party (PKK) to attack Turkish touri st sites. But it coincided with other violence blamed on the PKK. Armed PKK rebels meanwhile kidnapped four French tourists from a bus in south-eastern Turkey. In another incident, a mine planted on a railway exploded near the t own of Bingol, derailing a passenger train. Two soldiers protecting the trai n were killed and three other people on board were injured. Officials blamed the PKK for the attack. Police said the Istanbul bomb had been left in a li tter basket under an automated bank teller machine near the sixth-century Ha ghia Sophia Cathedral. The tourists, two of them Italians, and the Turk were all slightly injured. No damage was reported to the Haghia Sophia, one of t he world's most celebrated monuments of Byzantine architecture. Countries:- TRZ Turkey, Middle East. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 3 < /PAGE> ============= Transaction # 63 ============================================== Transaction #: 63 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 17 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-12228 _AN-DGZB2AARFT 930 726 FT 26 JUL 93 / Four hurt in Turk bombing By Agencies A BOMB injured three foreign touri sts and a Turk at a tourist site in central Istanbul, yesterday, agencies re port. It was not immediately clear whether the blast was connected with thre ats by the separatist Kurdistan Workers' Party (PKK) to attack Turkish touri st sites. But it coincided with other violence blamed on the PKK. Armed PKK rebels meanwhile kidnapped four French tourists from a bus in south-eastern Turkey. In another incident, a mine planted on a railway exploded near the t own of Bingol, derailing a passenger train. Two soldiers protecting the trai n were killed and three other people on board were injured. Officials blamed the PKK for the attack. Police said the Istanbul bomb had been left in a li tter basket under an automated bank teller machine near the sixth-century Ha ghia Sophia Cathedral. The tourists, two of them Italians, and the Turk were all slightly injured. No damage was reported to the Haghia Sophia, one of t he world's most celebrated monuments of Byzantine architecture. Countries:- TRZ Turkey, Middle East. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 3 < /PAGE> ============= Transaction # 64 ============================================== Transaction #: 64 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 18 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-11501 _AN-CJZBOAA2FT 921 026 FT 26 OCT 92 / Tourists stabbed in Egypt By REUTER A man believed to be a Moslem milita nt stabbed and wounded three Russian tourists yesterday at a marketplace in Port Said, Egypt, Reuter reports quoting security oficials. On Wednesday a B ritish woman was killed and two British men wounded when gunmen ambushed the ir safari vehicle in Upper Egypt. The Financial Times

London Page 4 ============= Transaction # 65 ============================================== Transaction #: 65 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 22 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-6965 _AN-DKYDLAGSFT 9311 22 FT 22 NOV 93 / World News in Brief: 115 killed in Mac edonia aircrash All but one of the 116 people aboard a Ma cedonian airliner were killed when it crashed into a hill and exploded near the tourist resort of Ohrid. Countries:- YUZ Yugosla via, East Europe. Industries:- P9229 Public Order and S afety, NEC. Types:- NEWS General News. The Financial Times Frankfurt Page 1 ============= Transaction # 66 ============================================== Transaction #: 66 Transaction Code: 38 (Record Deselected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 22 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-6965 _AN-DKYDLAGSFT 9311 22 FT 22 NOV 93 / World News in Brief: 115 killed in Mac edonia aircrash All but one of the 116 people aboard a Ma cedonian airliner were killed when it crashed into a hill and exploded near the tourist resort of Ohrid. Countries:- YUZ Yugosla via, East Europe. Industries:- P9229 Public Order and S afety, NEC. Types:- NEWS General News. The Financial Times Frankfurt Page 1 ============= Transaction # 67 ============================================== Transaction #: 67 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 22 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-6965 _AN-DKYDLAGSFT 9311 22 FT 22 NOV 93 / World News in Brief: 115 killed in Mac edonia aircrash All but one of the 116 people aboard a Ma cedonian airliner were killed when it crashed into a hill and exploded near the tourist resort of Ohrid. Countries:- YUZ Yugosla via, East Europe. Industries:- P9229 Public Order and S afety, NEC. Types:- NEWS General News. The Financial Times Frankfurt Page 1 ============= Transaction # 68 ============================================== Transaction #: 68 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7804 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 69 ============================================== Transaction #: 69 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 29 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT931-2963 _AN-DCSB4AIXFT 9303 17 FT 17 MAR 93 / Bomb damages Egyptian tour buses By MARK NICHOLSON CAIRO A BOMB explosion damaged seven empty tour buses parked yards away from the Egyptian Museum in Cairo's busiest square yesterday, one of a serie s of attacks a week after Egyptian security forces launched a tough crackdow n on suspected Islamic militants. Tourists had left the buses for the Egypti an Museum, one of Cairo's most popular attractions, just 100 yards away. No one claimed responsibility. But it appeared a defiant gesture from Islamic m ilitants who have waged sporadic attacks on tourist targets for much of the past year - considerably hurting Egypt's precious tourism earnings. The expl osion took place during the midday rush in Tahrir Square, scene last month o f a coffee-shop bombing which killed three. It came in the teeth of tightene d security at all Egypt's tourist centres and intensified operations against suspected members of the Gama'a al-Islamiyya, the underground Islamic group behind most recent attacks. Bus drivers in Tahrir Square said their vehicle s had been searched for bombs just 30 minutes before the blast. An explosive device was also found and defused in a building housing 'foreign experts' i n a central Cairo suburb, according to the semi-official al-Ahram news agenc y. Meanwhile, militants launched three bomb attacks on police in Aswan, the tourist centre in Upper Egypt where police last week stormed a mosque and sh ot dead nine alleged members of the Gama'a al-Islamiyya. The clashes follow a week of incidents as Egyptian security forces have followed up the Aswan r aid and simultaneous dawn raids last week on eight alleged militant hideouts in Cairo in which a total of 23 people died. A total of 35 thirty-five alle ged militants were arrested and one policeman killed during a security sweep in Assiut, Upper Egypt, on Monday, the same day security forces were report ed to have rounded up 424 people in Alexandria. The US embassy on Monday cal led in around 40 members of the US business community to discuss security, f ollowing a threat earlier this month by Gama'a al-Islamiyya to attack foreig n investments. The embassy stressed only that businesses should step up rout ine precautions. 'There was no recommendation to leave Egypt or take any dra stic measures,' said one businessman present. Countries:- EGZ Egypt, Africa. Industries:- P9229 Public Orde r and Safety, NEC. Types:- PEOP Personnel News. GO VT Government News. The Financial Times Internatio nal Page 4 ============= Transaction # 70 ============================================== Transaction #: 70 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 34 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-10100 _AN-EKMASAA3FT 941 112 FT 12 NOV 94 / Gambian rebellion put down By REUTER BANJUL Ga mbia's young military rulers yesterday foiled a coup attempt by junior army officers in the west African tourist haven in which three plotters were kill ed in a shootout. Lieutenant Yahya Jammeh, the 29-year-old military strongma n who toppled veteran president Sir Dawda Jawara in a bloodless coup in July , accused the officers of plotting to install a government with no civilians and planning to blow up fuel storage tanks if they failed. Some 130,000 tou rists, half of them British, flock to Gambia's palm-fringed Atlantic beaches each year. A Britannia Airways Boeing 767 flight en route to Gambia turned back yesterday after the Foreign Office advised Britons not to visit the cou ntry. Countries:- GMZ Gambia, Africa. Ind ustries:- P9711 National Security. Types:- NE WS General News. The Financial Times London Page 3 ============= Transaction # 71 ============================================== Transaction #: 71 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7804 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 72 ============================================== Transaction #: 72 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-12197 _AN-CJVB5AA9FT 921 022 FT 22 OCT 92 / British tourist killed by gunmen on E gypt tour By TONY WALKER CAI RO A BRITISH tourist was killed and two wounded yesterday when gunmen opened fire on a tour bus near the southern Egyptian town of As siut - a hotbed of Islamic extremism. An official in Assiut said the woman t ourist had died of wounds in hospital. The incident could hardly be a worse advertisement for Egypt's lucrative tourist industry expected to be worth so me Dollars 3bn this year. Tourism is easily the hard-pressed country's main foreign exchange earner. Yesterday's shooting followed a similar episode ear lier this month when Moslem militants fired automatic weapons at a Nile crui ser with German tourists on board. Egyptian police said that gunmen ambushed the tour bus near the town of Dayrut, some 270km south of Cairo. Dayrut has , for months, been the focus of a bitter feud between Islamic militants and security forces, marked by persistent violence. The Egyptian government has been battling a resurgent Islamic movement whose activities were brought int o sharper focus by the recent earthquake, with the authorities accusing fund amentalists of seeking to exploit the tragedy for political purposes. Distur bances on the streets of Cairo last weekend, apparently inspired by Islamic militants and in which government relief efforts were openly criticised, hav e been regarded as an ominous development. The Financial Times London Page 4 ============= Transaction # 73 ============================================== Transaction #: 73 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-2390 _AN-CIRBKAAAFT 9209 18 FT 18 SEP 92 / World News in Brief: Bear kills touris t British tourist Trevor Perry-Lancaster, 46, from Winche ster, was attacked and killed by a grizzly bear as he prepared to set up cam p in Jasper National Park, in the Canadian Rocky Mountains near Calgary, Alb erta. His wife was also injured in the attack. The bear was later shot dead by park wardens. The Financial Times London Page 1 ============= Transaction # 74 ============================================== Transaction #: 74 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-2521 _AN-DISAKAATFT 9309 18 FT 18 SEP 93 / Sun still shines for big bucks tourism : Damian Fraser finds Florida little shaken by murders among holiday-makers By DAMIAN FRASER THE MURDER of nine foreign visitors in a year is the stuff of public relations nightmares for every tourist destination. Florida reached that unenviable record on Tuesday , with the killing of the British holiday-maker Mr Gary Colley. It is waitin g anxiously for the full impact on its premier industry. Florida is the worl d's most popular tourist spot, having overtaken California last year. A litt le more than 41m tourists - about 36m Americans and 7m foreigners - came to the Sunshine State last year, some 2 per cent more than the year before. Tou rism is also Florida's largest industry. Tourist spending was Dollars 31bn ( Pounds 20.1bn) last year, or 22 per cent of the total in the state. Florida authorities are the first to admit the negative publicity from the killings will have some short-term impact. Mr Greg Farmer, commerce secretary, says t he industry might suffer a 15-25 per cent decline this year. Of particular c oncern is the booming convention business, which received 680,000 delegates last year. 'They look for safety,' says Mr Crotts, 'and the perception is Fl orida is not safe'. Travel agents expected the biggest impact in the oversea s market, the fastest-growing segment of the tourist industry. They spoke of the immediate reduction in bookings from German-speaking countries, and exp ected the UK tabloid newspaper coverage of the murder of Mr Colley to have i ts effect on the UK market. With more than 1m tourists to Florida annually, the UK sends the largest number of its citizens to the state after Canada. T he immediate problem is not cancellations. These are unlikely just now, give n the deposits tourists pay, but the winter season, for which bookings are n ow being made, is another matter. The overseas tourists will be further put off by the appreciation of the dollar against European currencies. The Assoc iation of British Travel Agents (Abta) expects growth of UK tourism to Flori da to slow to single digits per cent this year, from 22 per cent growth last year. But the Abta doubts there will be a decline of UK tourism, since most would-be tourists realise that the odds against them being subject to a cri me remain long. Local economists likewise doubt the impact of recent murders will be 'catastrophic', as Mr Farmer put it. Florida has enormous advantage s - winter sun, beaches, the world's best theme parks in Orlando, and a huge amount of repeat business from Americans with homes or relatives in the sta te. Florida has established a critical mass of highly competitive tourist se rvices that offer some of the cheapest and best-value accommodation in the w orld. The state boasts varied attractions. Miami, notwithstanding all its da ngers, has become a commercial hub of the Americas, with companies such as A T&T and General Motors setting up regional Latin American headquarters in th e city. Orlando brings in mainly US tourists, though Europeans are catching up quickly (growing by 32 per cent last year). Much safer than Miami, Orland o attracts families and increasingly businessmen at conventions. As the stat e's most important industry, tourism enjoys privileges. Hundreds of murders of locals barely raise an eyebrow in the state but the killing of Mr Colley and, last week, that of the German Mr Uwe-Wilhelm Rakebrand, set off a massi ve campaign to promote tourist safety, including 24-hour patrols of highway rest areas, plain-clothes police searching for lost tourists, and free telep hone advice to tourists. Fear is not yet deterring investors. This week, Uni versal Studios voted with its cheque book on the future of Florida's tourism industry by announcing an estimated Dollars 3bn expansion in Orlando, inclu ding a Jurassic Park theme park, hotels, a convention centre and golf course s. Countries:- USZ United States of America. < XX> Industries:- P9611 Administration of General Economic Programs . P7999 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Pa ge 3 ============= Transaction # 75 ============================================== Transaction #: 75 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7713 _AN-CHRBAADAFT 9208 15 FT 15 AUG 92 / World News in Brief: Bomb kills climbe rs Two Austrian tourists were killed when a First World W ar bomb exploded on a mountainside near Bolzano, Italy. One of the men is th ought to have struck the bomb with an ice axe. The Financial Ti mes London Page 1 ============= Transaction # 76 ============================================== Transaction #: 76 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 14 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-15976 _AN-CAGBXADBFT 920 107 FT 07 JAN 92 / Savimbi deplores killings By REUTER ABIDJAN AN GOLAN opposition leader Jonas Savimbi said yesterday his former rebels were not responsible for the deaths of four British travellers killed in an ambus h, Reuter reports from Abidjan. However, Mr Savimbi, head of the Unita movem ent, also said at a press conference in the Ivory Coast that while he deplor ed the killing of tourists, he did not think it was wise for foreigners to t ravel in a country which had just ended a civil war. He blamed robbers for t he attack, near a base where thousands of former Unita rebels are confined. The Financial Times London Page 4 ============= Transaction # 77 ============================================== Transaction #: 77 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 15 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-301 _AN-EL3DMAAGFT 94123 0 FT 30 DEC 94 / World News in Brief: Holidaymakers kill ed Five British tourists on a skiing holiday were killed in a road accident near Nice, southern France. Countries:- FRZ France, EC. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 1 ============= Transaction # 78 ============================================== Transaction #: 78 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 17 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-12228 _AN-DGZB2AARFT 930 726 FT 26 JUL 93 / Four hurt in Turk bombing By Agencies A BOMB injured three foreign touri sts and a Turk at a tourist site in central Istanbul, yesterday, agencies re port. It was not immediately clear whether the blast was connected with thre ats by the separatist Kurdistan Workers' Party (PKK) to attack Turkish touri st sites. But it coincided with other violence blamed on the PKK. Armed PKK rebels meanwhile kidnapped four French tourists from a bus in south-eastern Turkey. In another incident, a mine planted on a railway exploded near the t own of Bingol, derailing a passenger train. Two soldiers protecting the trai n were killed and three other people on board were injured. Officials blamed the PKK for the attack. Police said the Istanbul bomb had been left in a li tter basket under an automated bank teller machine near the sixth-century Ha ghia Sophia Cathedral. The tourists, two of them Italians, and the Turk were all slightly injured. No damage was reported to the Haghia Sophia, one of t he world's most celebrated monuments of Byzantine architecture. Countries:- TRZ Turkey, Middle East. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 3 < /PAGE> ============= Transaction # 79 ============================================== Transaction #: 79 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 18 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-11501 _AN-CJZBOAA2FT 921 026 FT 26 OCT 92 / Tourists stabbed in Egypt By REUTER A man believed to be a Moslem milita nt stabbed and wounded three Russian tourists yesterday at a marketplace in Port Said, Egypt, Reuter reports quoting security oficials. On Wednesday a B ritish woman was killed and two British men wounded when gunmen ambushed the ir safari vehicle in Upper Egypt. The Financial Times

London Page 4 ============= Transaction # 80 ============================================== Transaction #: 80 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 29 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT931-2963 _AN-DCSB4AIXFT 9303 17 FT 17 MAR 93 / Bomb damages Egyptian tour buses By MARK NICHOLSON CAIRO A BOMB explosion damaged seven empty tour buses parked yards away from the Egyptian Museum in Cairo's busiest square yesterday, one of a serie s of attacks a week after Egyptian security forces launched a tough crackdow n on suspected Islamic militants. Tourists had left the buses for the Egypti an Museum, one of Cairo's most popular attractions, just 100 yards away. No one claimed responsibility. But it appeared a defiant gesture from Islamic m ilitants who have waged sporadic attacks on tourist targets for much of the past year - considerably hurting Egypt's precious tourism earnings. The expl osion took place during the midday rush in Tahrir Square, scene last month o f a coffee-shop bombing which killed three. It came in the teeth of tightene d security at all Egypt's tourist centres and intensified operations against suspected members of the Gama'a al-Islamiyya, the underground Islamic group behind most recent attacks. Bus drivers in Tahrir Square said their vehicle s had been searched for bombs just 30 minutes before the blast. An explosive device was also found and defused in a building housing 'foreign experts' i n a central Cairo suburb, according to the semi-official al-Ahram news agenc y. Meanwhile, militants launched three bomb attacks on police in Aswan, the tourist centre in Upper Egypt where police last week stormed a mosque and sh ot dead nine alleged members of the Gama'a al-Islamiyya. The clashes follow a week of incidents as Egyptian security forces have followed up the Aswan r aid and simultaneous dawn raids last week on eight alleged militant hideouts in Cairo in which a total of 23 people died. A total of 35 thirty-five alle ged militants were arrested and one policeman killed during a security sweep in Assiut, Upper Egypt, on Monday, the same day security forces were report ed to have rounded up 424 people in Alexandria. The US embassy on Monday cal led in around 40 members of the US business community to discuss security, f ollowing a threat earlier this month by Gama'a al-Islamiyya to attack foreig n investments. The embassy stressed only that businesses should step up rout ine precautions. 'There was no recommendation to leave Egypt or take any dra stic measures,' said one businessman present. Countries:- EGZ Egypt, Africa. Industries:- P9229 Public Orde r and Safety, NEC. Types:- PEOP Personnel News. GO VT Government News. The Financial Times Internatio nal Page 4 ============= Transaction # 81 ============================================== Transaction #: 81 Transaction Code: 38 (Record Deselected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-2390 _AN-CIRBKAAAFT 9209 18 FT 18 SEP 92 / World News in Brief: Bear kills touris t British tourist Trevor Perry-Lancaster, 46, from Winche ster, was attacked and killed by a grizzly bear as he prepared to set up cam p in Jasper National Park, in the Canadian Rocky Mountains near Calgary, Alb erta. His wife was also injured in the attack. The bear was later shot dead by park wardens. The Financial Times London Page 1 ============= Transaction # 82 ============================================== Transaction #: 82 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-2390 _AN-CIRBKAAAFT 9209 18 FT 18 SEP 92 / World News in Brief: Bear kills touris t British tourist Trevor Perry-Lancaster, 46, from Winche ster, was attacked and killed by a grizzly bear as he prepared to set up cam p in Jasper National Park, in the Canadian Rocky Mountains near Calgary, Alb erta. His wife was also injured in the attack. The bear was later shot dead by park wardens. The Financial Times London Page 1 ============= Transaction # 83 ============================================== Transaction #: 83 Transaction Code: 12 (Record Relevance Feedback) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:32:47 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:32:47 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind Default:4,7,9,14,15,17,18,29,3 ============= Transaction # 84 ============================================== Transaction #: 84 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 210157 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 85 ============================================== Transaction #: 85 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 6 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-12228 _AN-DGZB2AARFT 930 726 FT 26 JUL 93 / Four hurt in Turk bombing By Agencies A BOMB injured three foreign touri sts and a Turk at a tourist site in central Istanbul, yesterday, agencies re port. It was not immediately clear whether the blast was connected with thre ats by the separatist Kurdistan Workers' Party (PKK) to attack Turkish touri st sites. But it coincided with other violence blamed on the PKK. Armed PKK rebels meanwhile kidnapped four French tourists from a bus in south-eastern Turkey. In another incident, a mine planted on a railway exploded near the t own of Bingol, derailing a passenger train. Two soldiers protecting the trai n were killed and three other people on board were injured. Officials blamed the PKK for the attack. Police said the Istanbul bomb had been left in a li tter basket under an automated bank teller machine near the sixth-century Ha ghia Sophia Cathedral. The tourists, two of them Italians, and the Turk were all slightly injured. No damage was reported to the Haghia Sophia, one of t he world's most celebrated monuments of Byzantine architecture. Countries:- TRZ Turkey, Middle East. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 3 < /PAGE> ============= Transaction # 86 ============================================== Transaction #: 86 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 210157 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 87 ============================================== Transaction #: 87 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:35:02 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:35:02 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 3 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tourist killings}) not (topic {egypt})" ============= Transaction # 88 ============================================== Transaction #: 88 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 7568 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 89 ============================================== Transaction #: 89 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7713 _AN-CHRBAADAFT 9208 15 FT 15 AUG 92 / World News in Brief: Bomb kills climbe rs Two Austrian tourists were killed when a First World W ar bomb exploded on a mountainside near Bolzano, Italy. One of the men is th ought to have struck the bomb with an ice axe. The Financial Ti mes London Page 1 ============= Transaction # 90 ============================================== Transaction #: 90 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 6 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-12822 _AN-EJ4DUAB2FT 941 031 FT 31 OCT 94 / Business Travel: In S Korea, it is be tter to arrive .. By Our Travel Staff Bridges fall apart. Boats catch fire. Aircraft crash. Trains collide. Fe rries capsize. The past year in South Korea has been bad enough to make any traveller nervous. But the frequency of disasters during 'Visit Korea Year' is especially grim news, writes our Travel Staff. The collapse of one of Seo ul's main river bridges, the Songsu, during the morning rush hour on October 21 killed at least 32 people and cast a shadow over South Korea's reputatio n as a world leader in construction. As the embarrassed government expressed contrition for lax safety procedures, a pleasure boat packed with local tou rists caught fire on Chungju Lake south of Seoul three days later, killing a t least 25. Yet the combined toll from these two accidents pales in comparis on with the numbers killed on the roads during an average long holiday weeke nd. The latest accidents have reinforced a widespread impression that travel ling anywhere in South Korea - by any type of transport - is exceptionally d angerous. Ask Yoo O-kun, a bank employee who went to Chungju Lake to recover from the Songsu Bridge nightmare - he lost his closest friend - and ended u p helping to rescue people from the burning boat. 'I now reckon there's no s afe place in our country,' he said. 'How could disasters take place in succe ssion like this? I'm too scared to travel now.' The boat disaster happened j ust over a year after a ferry capsized off the west coast, killing 292. Thos e who think that train or air travel might be more reassuring are wrong. In August, 160 passengers and crew aboard a Korean Air Lines Airbus had a remar kable escape when it crash-landed in a rainstorm on the southern tourist isl and of Cheju. In July last year, 64 were killed when an Asiana Airlines Boei ng crashed on the south-west coast. And air force chief General Cho Kun-hae was among six people killed when a helicopter crashed south of Seoul last Ma rch. Two months ago, three were killed and 50 hurt when two express trains c ollided head on. A driver had ignored a signal. Last March, 79 were killed i n a train accident in the southern city of Pusan. Observers blame lax safety standards, non-enforcement of regulations - and corruption - for many accid ents in South Korea. Korea plans to spend Dollars 100bn (Pounds 67bn) on inf rastructure over the next eight years. However, MPs, the media and engineers warn of more bad accidents to come. The lesson is clear: in South Korea, it is always better to arrive than to travel. Countries:- < CN>KRZ South Korea, Asia. Industries:- P7999 Amusement and Recreation, NEC. P9229 Public Order and Safety, NEC. Typ es:- NEWS General News. The Financial Times London Page 12 ============= Transaction # 91 ============================================== Transaction #: 91 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 6 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-12822 _AN-EJ4DUAB2FT 941 031 FT 31 OCT 94 / Business Travel: In S Korea, it is be tter to arrive .. By Our Travel Staff Bridges fall apart. Boats catch fire. Aircraft crash. Trains collide. Fe rries capsize. The past year in South Korea has been bad enough to make any traveller nervous. But the frequency of disasters during 'Visit Korea Year' is especially grim news, writes our Travel Staff. The collapse of one of Seo ul's main river bridges, the Songsu, during the morning rush hour on October 21 killed at least 32 people and cast a shadow over South Korea's reputatio n as a world leader in construction. As the embarrassed government expressed contrition for lax safety procedures, a pleasure boat packed with local tou rists caught fire on Chungju Lake south of Seoul three days later, killing a t least 25. Yet the combined toll from these two accidents pales in comparis on with the numbers killed on the roads during an average long holiday weeke nd. The latest accidents have reinforced a widespread impression that travel ling anywhere in South Korea - by any type of transport - is exceptionally d angerous. Ask Yoo O-kun, a bank employee who went to Chungju Lake to recover from the Songsu Bridge nightmare - he lost his closest friend - and ended u p helping to rescue people from the burning boat. 'I now reckon there's no s afe place in our country,' he said. 'How could disasters take place in succe ssion like this? I'm too scared to travel now.' The boat disaster happened j ust over a year after a ferry capsized off the west coast, killing 292. Thos e who think that train or air travel might be more reassuring are wrong. In August, 160 passengers and crew aboard a Korean Air Lines Airbus had a remar kable escape when it crash-landed in a rainstorm on the southern tourist isl and of Cheju. In July last year, 64 were killed when an Asiana Airlines Boei ng crashed on the south-west coast. And air force chief General Cho Kun-hae was among six people killed when a helicopter crashed south of Seoul last Ma rch. Two months ago, three were killed and 50 hurt when two express trains c ollided head on. A driver had ignored a signal. Last March, 79 were killed i n a train accident in the southern city of Pusan. Observers blame lax safety standards, non-enforcement of regulations - and corruption - for many accid ents in South Korea. Korea plans to spend Dollars 100bn (Pounds 67bn) on inf rastructure over the next eight years. However, MPs, the media and engineers warn of more bad accidents to come. The lesson is clear: in South Korea, it is always better to arrive than to travel. Countries:- < CN>KRZ South Korea, Asia. Industries:- P7999 Amusement and Recreation, NEC. P9229 Public Order and Safety, NEC. Typ es:- NEWS General News. The Financial Times London Page 12 ============= Transaction # 92 ============================================== Transaction #: 92 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 6 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-12822 _AN-EJ4DUAB2FT 941 031 FT 31 OCT 94 / Business Travel: In S Korea, it is be tter to arrive .. By Our Travel Staff Bridges fall apart. Boats catch fire. Aircraft crash. Trains collide. Fe rries capsize. The past year in South Korea has been bad enough to make any traveller nervous. But the frequency of disasters during 'Visit Korea Year' is especially grim news, writes our Travel Staff. The collapse of one of Seo ul's main river bridges, the Songsu, during the morning rush hour on October 21 killed at least 32 people and cast a shadow over South Korea's reputatio n as a world leader in construction. As the embarrassed government expressed contrition for lax safety procedures, a pleasure boat packed with local tou rists caught fire on Chungju Lake south of Seoul three days later, killing a t least 25. Yet the combined toll from these two accidents pales in comparis on with the numbers killed on the roads during an average long holiday weeke nd. The latest accidents have reinforced a widespread impression that travel ling anywhere in South Korea - by any type of transport - is exceptionally d angerous. Ask Yoo O-kun, a bank employee who went to Chungju Lake to recover from the Songsu Bridge nightmare - he lost his closest friend - and ended u p helping to rescue people from the burning boat. 'I now reckon there's no s afe place in our country,' he said. 'How could disasters take place in succe ssion like this? I'm too scared to travel now.' The boat disaster happened j ust over a year after a ferry capsized off the west coast, killing 292. Thos e who think that train or air travel might be more reassuring are wrong. In August, 160 passengers and crew aboard a Korean Air Lines Airbus had a remar kable escape when it crash-landed in a rainstorm on the southern tourist isl and of Cheju. In July last year, 64 were killed when an Asiana Airlines Boei ng crashed on the south-west coast. And air force chief General Cho Kun-hae was among six people killed when a helicopter crashed south of Seoul last Ma rch. Two months ago, three were killed and 50 hurt when two express trains c ollided head on. A driver had ignored a signal. Last March, 79 were killed i n a train accident in the southern city of Pusan. Observers blame lax safety standards, non-enforcement of regulations - and corruption - for many accid ents in South Korea. Korea plans to spend Dollars 100bn (Pounds 67bn) on inf rastructure over the next eight years. However, MPs, the media and engineers warn of more bad accidents to come. The lesson is clear: in South Korea, it is always better to arrive than to travel. Countries:- < CN>KRZ South Korea, Asia. Industries:- P7999 Amusement and Recreation, NEC. P9229 Public Order and Safety, NEC. Typ es:- NEWS General News. The Financial Times London Page 12 ============= Transaction # 93 ============================================== Transaction #: 93 Transaction Code: 15 (Terms Cleared) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 94 ============================================== Transaction #: 94 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:40:04 1999 Rec. Format: Short Time Cmd Complete: Mon Aug 23 16:40:04 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 3 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {increase of tourism})" ============= Transaction # 95 ============================================== Transaction #: 95 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 96 ============================================== Transaction #: 96 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 97 ============================================== Transaction #: 97 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 13 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT911-663 _AN-BEJAXAECFT 91051 0 FT 10 MAY 91 / Recovery in tourism is expected By DAVID CHURCHILL, Leisure Industries Correspondent TOURIST arrivals to the UK in 1991 are forecast to recover sharpl y after the steep decline earlier this year caused by the Gulf war. The Brit ish Tourist Authority said incoming tourist numbers had already increased si gnificantly after falling 18 per cent in the first two months of this year f rom the levels of the corresponding period of 1990. It forecast 18m overseas visitors to the UK this year, marginally ahead of the record 17.9m last yea r, with their expenditure reaching Pounds 7.8bn against Pounds 7.7bn last ye ar. 'Tourism is a resilient industry and it is already bouncing back,' Mr Wi lliam Davis, chairman of the BTA, told a London conference yesterday. The BT A says the recovery is driven by increased numbers of tourists from western Europe, especially the Netherlands, Italy and Spain. Numbers from the US are also recovering but the Japanese and Far East market is taking longer to pi ck up. Mr Davis forecast there could be more than than 22m overseas visitors to the UK by 1995. The Financial Times London Pa ge 8 ============= Transaction # 98 ============================================== Transaction #: 98 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 13 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT911-663 _AN-BEJAXAECFT 91051 0 FT 10 MAY 91 / Recovery in tourism is expected By DAVID CHURCHILL, Leisure Industries Correspondent TOURIST arrivals to the UK in 1991 are forecast to recover sharpl y after the steep decline earlier this year caused by the Gulf war. The Brit ish Tourist Authority said incoming tourist numbers had already increased si gnificantly after falling 18 per cent in the first two months of this year f rom the levels of the corresponding period of 1990. It forecast 18m overseas visitors to the UK this year, marginally ahead of the record 17.9m last yea r, with their expenditure reaching Pounds 7.8bn against Pounds 7.7bn last ye ar. 'Tourism is a resilient industry and it is already bouncing back,' Mr Wi lliam Davis, chairman of the BTA, told a London conference yesterday. The BT A says the recovery is driven by increased numbers of tourists from western Europe, especially the Netherlands, Italy and Spain. Numbers from the US are also recovering but the Japanese and Far East market is taking longer to pi ck up. Mr Davis forecast there could be more than than 22m overseas visitors to the UK by 1995. The Financial Times London Pa ge 8 ============= Transaction # 99 ============================================== Transaction #: 99 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 13 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT911-663 _AN-BEJAXAECFT 91051 0 FT 10 MAY 91 / Recovery in tourism is expected By DAVID CHURCHILL, Leisure Industries Correspondent TOURIST arrivals to the UK in 1991 are forecast to recover sharpl y after the steep decline earlier this year caused by the Gulf war. The Brit ish Tourist Authority said incoming tourist numbers had already increased si gnificantly after falling 18 per cent in the first two months of this year f rom the levels of the corresponding period of 1990. It forecast 18m overseas visitors to the UK this year, marginally ahead of the record 17.9m last yea r, with their expenditure reaching Pounds 7.8bn against Pounds 7.7bn last ye ar. 'Tourism is a resilient industry and it is already bouncing back,' Mr Wi lliam Davis, chairman of the BTA, told a London conference yesterday. The BT A says the recovery is driven by increased numbers of tourists from western Europe, especially the Netherlands, Italy and Spain. Numbers from the US are also recovering but the Japanese and Far East market is taking longer to pi ck up. Mr Davis forecast there could be more than than 22m overseas visitors to the UK by 1995. The Financial Times London Pa ge 8 ============= Transaction # 100 ============================================== Transaction #: 100 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 18 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-4468 _AN-EIHDIAFVFT 9409 08 FT 08 SEP 94 / International Company News: Increased tourism lifts Air New Zealand profit By TERRY HALL < /BYLINE> WELLINGTON Air New Zealand lifted tax-paid profits by 36.6 per cent to NZDollars 190.7m (USDollars 115.1m) in the year to end-June due to a stronger tourism market, particularly with vis itors from Asia. The company said yesterday it was confident of further grow th during the coming year with the continuing development of its Asia and Pa cific networks, together with opportunities provided by marketing ofagreemen ts with Australia. Air New Zealand is using Brisbane as a hub for many of it s services to Asia. Group operating revenue rose by 11 per cent to NZDollars 2.6bn of which NZDollars 215m was increased passenger revenue. Group cash f low from operating revenues rose 64.6 per cent to NZDollars 425m. Total asse ts were up by NZDollars 95.4m to NZDollars 2.86bn. Directors are recommendin g a final dividend of 8 cents a share, making a total of 14 cents for the ye ar, up 4 cents on last year. Companies:- Air New Zeal and. Countries:- NZZ New Zealand. Industrie s:- P4512 Air Transportation, Scheduled. Types:- FIN Annual report. The Financial Times London Page 35 ============= Transaction # 101 ============================================== Transaction #: 101 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 18 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-4468 _AN-EIHDIAFVFT 9409 08 FT 08 SEP 94 / International Company News: Increased tourism lifts Air New Zealand profit By TERRY HALL < /BYLINE> WELLINGTON Air New Zealand lifted tax-paid profits by 36.6 per cent to NZDollars 190.7m (USDollars 115.1m) in the year to end-June due to a stronger tourism market, particularly with vis itors from Asia. The company said yesterday it was confident of further grow th during the coming year with the continuing development of its Asia and Pa cific networks, together with opportunities provided by marketing ofagreemen ts with Australia. Air New Zealand is using Brisbane as a hub for many of it s services to Asia. Group operating revenue rose by 11 per cent to NZDollars 2.6bn of which NZDollars 215m was increased passenger revenue. Group cash f low from operating revenues rose 64.6 per cent to NZDollars 425m. Total asse ts were up by NZDollars 95.4m to NZDollars 2.86bn. Directors are recommendin g a final dividend of 8 cents a share, making a total of 14 cents for the ye ar, up 4 cents on last year. Companies:- Air New Zeal and. Countries:- NZZ New Zealand. Industrie s:- P4512 Air Transportation, Scheduled. Types:- FIN Annual report. The Financial Times London Page 35 ============= Transaction # 102 ============================================== Transaction #: 102 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 18 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-4468 _AN-EIHDIAFVFT 9409 08 FT 08 SEP 94 / International Company News: Increased tourism lifts Air New Zealand profit By TERRY HALL < /BYLINE> WELLINGTON Air New Zealand lifted tax-paid profits by 36.6 per cent to NZDollars 190.7m (USDollars 115.1m) in the year to end-June due to a stronger tourism market, particularly with vis itors from Asia. The company said yesterday it was confident of further grow th during the coming year with the continuing development of its Asia and Pa cific networks, together with opportunities provided by marketing ofagreemen ts with Australia. Air New Zealand is using Brisbane as a hub for many of it s services to Asia. Group operating revenue rose by 11 per cent to NZDollars 2.6bn of which NZDollars 215m was increased passenger revenue. Group cash f low from operating revenues rose 64.6 per cent to NZDollars 425m. Total asse ts were up by NZDollars 95.4m to NZDollars 2.86bn. Directors are recommendin g a final dividend of 8 cents a share, making a total of 14 cents for the ye ar, up 4 cents on last year. Companies:- Air New Zeal and. Countries:- NZZ New Zealand. Industrie s:- P4512 Air Transportation, Scheduled. Types:- FIN Annual report. The Financial Times London Page 35 ============= Transaction # 103 ============================================== Transaction #: 103 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Short Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 20 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-1609 _AN-ELSDLAFKFT 9412 19 FT 19 DEC 94 / Survey of Sweden (7): Growing rapidly - Tourism By KAREN FOSSLI Tourism i s one of Sweden's fastest-growing sectors and, although the trade is relativ ely young, ranks as the country's third-largest industry, generating annual turnover of an estimated SKr98bn of which SKr21bn is derived from foreign to urists. The attraction of Sweden has to be, among many things, the country's unspoilt environment and alluring scenery comprising 60,000 islands, 90,000 lakes, a 4,725-mile coastline and endless forests. There are also 350 museu ms in the country and a wide variety of special events throughout the year. The tourist industry peaked in 1989 when turnover hit SKr100bn, but nose-div ed by nearly SKr80bn during 1990-91 when the then Social Democratic governme nt led by Mr Ingvar Carlsson, increased value added tax on tourism to 25 per cent in two stages. The VAT increase coincided with the onset of the deepes t recession to hit Sweden since the second world war. But the industry recov ered during 1991-93 after a new conservative Moderate government, led by Mr Carl Bildt, reorganised the marketing of tourism and cut VAT to 12 per cent. These factors were aided by the start of a recovery in the economy which be gan at the end of 1993. Nevertheless, even after the rate cut, Sweden's VAT remains significantly higher than the European average. The Swedes argue vig orously that prices in their country have become competitive with the rest o f Europe while a main priority of marketing seeks to dispel 'the myth' that Sweden is far too expensive to be considered a holiday destination by more t han just the elite. 'Surveys show that many foreigners still believe that Sw eden is too expensive. Heavy resources are therefore being invested in marke ting Sweden abroad,' the Swedish Trade Council said in its 1994 annual repor t on the country. In the first nine months of this year, the number of overn ight stays in Swedish hotels by foreigners rose 13 per cent compared with th e year-earlier period, and industry executives are predicting that 1994 will be a record year in terms of growth. Last year, foreigners' overnight stays alone reached 6.1m. During the first nine months of 1994, Dutch and Danish tourists accounted for the highest growth rate in overnight stays in percent age terms, rising respectively 25 per cent and 26 per cent while US visitors rose by 14 per cent. German tourists, the largest group of foreign visitors to Sweden, increased their overnight stays by 13 per cent and UK tourists 1 1 per cent. Another indication of the strength of this year's activity is a forecast rise in the number of cruise ship passengers calling on Stockholm a lone. It is estimated that international cruise ships will make 125 visits t o the capital city this year, carrying a total of 70,000 passengers, represe nting an increase of 10,000 passengers over 1993. Mr Per-Johann Orrby, presi dent of Next Stop Sweden (NSS), the Swedish Travel and Tourist Council, attr ibutes the rise in tourism's fortunes partly to Sweden's attractive prices - in foreign currency terms - since the krona was devalued by nearly 30 per c ent in 1992. The reduction of VAT and a slight recovery of the economy are a lso considered significant. NSS reckons that sterling buys 15 per cent more in Sweden since the devaluation, while the purchasing power of the US dollar has risen 18 per cent and the German mark 30 per cent. But the Swedes proba bly also have their next-door Nordic neighbours to thank for foreign interes t, following Norway's success in arranging the Winter Olympics earlier this year. For more than two weeks in February, hours and hours of pristine, sunl it 'Scandinavian' winter images were broadcast worldwide from Lillehammer in Norway. Such coverage undoubtedly had a spill-over affect for Sweden and mu st have improved the country's standing as a tourist destination. The Olympi cs boosted Norway's tourist industry by as much as 5 per cent this year but it would be difficult to quantify the effect it had on Swedish tourism. Acco rding to Mr Jan Brannstrom, managing director of Image Sweden, the state-bac ked agency which promotes Sweden internationally, recent studies revealed th at about half the foreign tourists visiting Sweden do so as part of a Scandi navian tour. But, he said, there were no plans for a joint Scandinavian tour ism marketing effort and, in the long-run, he saw few, if any, benefits from such a scheme. Another important factor which has undoubtedly lifted the aw areness of Sweden abroad is the apparent success of the big overhaul of the organisational structure of marketing services for tourism. The Swedish Tour ist Board was dismantled and Image Sweden established together with NSS. Ima ge Sweden purchases marketing services from NSS for an estimated NKr60m annu ally. Countries:- SEZ Sweden, West Europe. Industries:- P9611 Administration of General Economic Programs. Types:- CMMT Comment & Analysis. The Financ ial Times London Page IV ============= Transaction # 104 ============================================== Transaction #: 104 Transaction Code: 2 (New Disp. Format Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 105 ============================================== Transaction #: 105 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 106 ============================================== Transaction #: 106 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 24 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-15886 _AN-CAHBJAAPFT 920 108 FT 08 JAN 92 / Survey of Kenya (16): Strategies for all seasons - Tourism, from potential disaster to mild success < BYLINE> By JULIAN OZANNE THE worldwide downturn in touri sm last year, fuelled by the Gulf crisis, the international economic recessi on and the escalating costs of air travel, has proved a watershed in Kenya. Kenya's dynamic tourism industry, although faced by the prospect of a severe loss of jobs and hard currency in what is its biggest foreign exchange earn ing sector, has turned 1991 from being a potential disaster into a mild succ ess. The private sector and the government, with cancellations running at up to 60 per cent for the peak season of January to March, rallied with a seri es of measures. The boldest move by government was the decision to open up K enya to South African tourists, several months before the October Commonweal th head of government conference in Harare. Visas, previously denied to Sout h Africans, were granted at the airport and an agreement was reached to allo w South African Airways and Kenya Airways to operate one flight each a week between Nairobi and Johannesburg. The government also gave new incentives to the hotel training college, established an autonomous airports authority an d started the rehabilitation of Nairobi's international airport and continue d to strengthen the newly-created Kenya Wildlife Service, a semi-autonomous parastatal in charge of security and management in Kenya's national parks. T he private sector moved quickly, reducing rates and increasing charter fligh ts, particularly from Spain and Britain. In August and September there were 42 such flights a week arriving in Kenya, each with about 200 seats, in addi tion to scheduled flights. These measures appear to have averted a slump in tourist arrivals which in 1990 nearly reached 900,000 people, while foreign exchange earnings last year should approach the 1990 level of Dollars 467m. Sustaining the remarkable growth which Kenya's tourist sector has enjoyed si nce independence will not be easy. Since 1963 the numbers of visitors a year have increased from 110,000 to 889,000 in 1990 and foreign exchange earning s in the same period have mushroomed from Dollars 25m to Dollars 467m. In 19 87, tourism overtook coffee as the country's number one foreign exchange ear ner. The impact on the rest of the economy has been vast. Throughout the las t decade employment in the sector has grown by at least 5 per cent a year an d tourism has contributed to the expansion of the services sector - hotels, restaurants, road and air transport - and to allied industries such as const ruction and food. Much of the rapid growth in tourism in the past quarter of a century has been due to declining costs of air travel and the extensive i nfrastructure which was in place at independence. The government has created a reasonably attractive enabling environment through welcoming foreign inve stment in tourism, the development of infrastructure and the maintenance of relative political stability. Increasing importance has been given to conser vation and better animal management and while the national parks and reserve s sector was marred by a long period of poaching and inefficiency between 19 76-88 it has become a top priority. However, with mounting regional competit ion and the demands of the growing population a much greater effort is requi red. In order to continue generating jobs and increasing critical foreign ex change earnings the government has recognised the need to creat a better env ironment. Mr Philemon Mwaisaka, permanent secretary in the Ministry of Touri sm, says the government is targeting two key areas for growth over the next three years: diversifying the type of tourism available and drawing in visit ors from new markets. Diversification away from game parks and beaches will depend on giving greater importance to attractions such as cultural, confere nce and speciality tourism, scuba diving, fishing or mountaineering, and ope ning up new areas of Kenya to tourist development such as the volcanic deser t around Lake Turkana. Attracting visitors from outside the traditional mark ets of the US and Europe will require a big publicity drive in the Asia Paci fic area, particularly Japan and Singapore. In order to realise both ambitio ns a overhaul of Kenya's hitherto weak overseas marketing is necessary. So f ar the government has been content to leave most of the marketing to the pri vate sector. Unlike many other countries Kenya does not have an autonomous t ourist board. Between 1986 and 1990 the government spent a mere Dollars 25m on marketing. Kenya's well organised private sector has been lobbying hard f or a tourist board to be set up under an autonomous director to launch a con certed marketing campaign of research, information gathering and publicity t o enable the industry to better tailor and target their products in a compet itive market. The government has given its blessing to the appeal but progre ss appears slow. Good marketing and closer links with airlines will be vital to attract the high income from the choosy Japanese market. Plans for Kenya Airways to open up a route to Bangkok next year may prove insufficient to p enetrate Asia and South Africa is proving a formidable competitor with Singa pore Airlines operating a flight to Johannesburg. A number of issues need th e government's urgent attention. Problem areas include privatisation of gove rnment share holdings in hotels, developing a strategy for high income VIP t ourism, planning how to cope with the growing demand for combination tourism with tourists visiting at least two African countries, better harmonisation of visa and health requirements and more incentives, such as import duty ex emption on vehicles for the tourist sector. ------------------------------- ---------------------- TOURISM PROFILE ------------------------------------ ----------------- Total Total Aver. length rec eipts (Dollars m) visitors of stay (days) 1965 30.2 14 7,400 9.3 1970 51.8 326,500 8.8 1980 222.4 362,700 15.7 1985 239.8 541,200 15. 9 1987 354.9 662,100 16.0 1988 393.3 676,900 16.0 1989 417.0 729,700 14.2 1990 467 .0 (est) 889,000 (est) na ----------------------------------------- ------------ Source: Ministry of Tourism ---------------------------------- ------------------- The Financial Times London Pa ge VIII Map (Omitted). Table ============= Transaction # 107 ============================================== Transaction #: 107 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 26 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-6132 _AN-ECCCVACGFT 9403 03 FT 03 MAR 94 / Tourism spending reaches Pounds 9.1bn Spending by overseas visitors to the UK rose 15 per cent to a record Pounds 9.1bn last year, but higher expenditure by British travel lers abroad led to a widening of the tourism balance-of-payments deficit. Br itish travellers abroad spent Pounds 12.8bn last year, a 14 per cent increas e on 1992, the Central Statistical Office said yesterday. The travel account deficit of the balance of payments rose to Pounds 3.7bn, compared with Poun ds 3.4bn in 1992. Countries:- GBZ United Kingdom, EC . Industries:- P7999 Amusement and Recreation, NEC. Types:- STATS Statistics. The Financial Times London Page 8 ============= Transaction # 108 ============================================== Transaction #: 108 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 28 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-11867 _AN-EG1C5AB0FT 940 728 FT 28 JUL 94 / Outdated resorts 'hitting tourism' Outdated resorts are damaging the reputation of more attrac tive English tourist attractions, making it difficult to persuade UK residen ts to take their holidays at home, the English Tourist Board said yesterday. The board said that over the past decade the UK's tourism balance of paymen ts had fallen from breakeven to a deficit of Pounds 3.1bn. The deficit had g rown in spite of the increase in foreign visitors to the UK. Co untries:- GBZ United Kingdom, EC. Industries:- < IN>P7999 Amusement and Recreation, NEC. P9611 Administration of General Economic Programs. Types:- NEWS General News.

The Financial Times London Page 8 ============= Transaction # 109 ============================================== Transaction #: 109 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 29 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-3223 _AN-CINBUADLFT 9209 14 FT 14 SEP 92 / Survey on Mauritius (12): Expanding to urism presents dilemmas - Paradise has problems By J ULIAN OZANNE GOLDEN sunlight dances off the clear turquoise water of the Indian ocean. A gentle breeze, blowing across the lagoon, rust les the deep green leaves of palm trees fringing white sandy beaches. Half a mile out to sea, the surf breaks gently over the coral reef. There are few 'sea, sun and sand' tourist destinations in the world which come as close to paradise as Mauritius, with its excellent facilities for deep sea diving, b ig game fishing, water skiing, wind surfing, riding and sailing. But the tou rism sector is struggling to come to terms with a rocketing expansion of the industry. This has created serious environmental and economic problems and left government confused about the policy direction it should follow for the next five years. Industry experts say a comprehensive government five-year tourism development policy is eagerly awaited. They look to this to give cle ar directions about critical policy issues such as tourist arrivals, hotel d evelopment, international marketing strategies, environmental impact assessm ents, and plans to develop a more diversified and high quality product. The tourism boom in Mauritius has been impressive. Tourist arrivals have doubled in six years: 148,900 in 1985 to 298,500 last year. Earnings have risen fro m MR845m to M3.9bn over the same period, making tourism the third biggest fo reign exchange winner. Particularly good results have been achieved in boost ing the average spending per tourist, which increased from MR5,676 in 1985 t o M13,000 in 1991. After a disappointing year in 1991, during which tourist arrivals increased only by 2.4 per cent over the previous year ( mainly beca use of world recession and the Gulf War), Mr Noel Lee Cheong Lem, minister o f tourism, says arrivals look likely to return to a growth rate of about 10 per cent this year. This pattern of growth has had its costs. The number of hotels in the past six years has increased from 55 to 80, with an increase i n the number of beds from 5,387 to 10,482. Bed occupancy rates fell to a rec ord low of only 47 per cent last year, as the increase in tourists has not k ept pace with the increase in beds. Between 1985-1988, according to Mr Lem, a number of hotel development certificates were distributed as 'political fa vours' - without either adequate planning about how the new hotels were goin g to be filled, or consideration of the environmental impact of this expansi on. With low occupancy rates the new hotels are struggling to make profits, despite attempts to buy market share by cutting rates. Furthermore, the unre gulated growth in the number of hotels has had a detrimental impact on the e nvironment. Dumping of untreated sewage into the seas and lagoons, particula rly severe in the Grand Baie area, has had a damaging impact on the marine e cosystem. A moratorium on 20 new hotel projects expired last year, but Mr Le m says 16 of these projects have subsequently been shelved, and the governme nt is trying to persuade the other four not to go ahead. 'We are applying th e brakes on the further expansion of the tourist sector and at the same time trying to widen the market to allow hotels to achieve the rate of occupancy which is viable and profitable.' All new hotel developments will now also b e subject to an environmental impact assessment under the new Ministry of th e Environment. If hotel development is slowed, and the growth in arrivals co ntinues to boom, Mauritius's capacity problem and the economic viability of hotels is likely to ease considerably within the next three to four years. T he government has now abandoned an arbitrary limit of 400,000 arrivals by th e year 2000, and Mr Lem says Mauritius is a long way from the threshold of t olerance of tourist arrivals, and that the ratio of tourist arrivals to popu lation is still so low that at least 500,000 arrivals by the end of the cent ury is acceptable and possible. Two important challenges face the government in seeking to increase arrivals: developing new markets, and developing the infrastructure for the 'second phase' of development. Government is pinning its hopes on development of the Japanese and Indian markets, and consolidat ion of the French, British, German and South African markets. A once-a-week flight from Osaka to Mauritius is expected to start by 1994. But hoteliers a nd tour operators say the Government Tourist Office is weak and ineffective, and must develop a much more aggressive marketing campaign. They say the MR 65m allocated to promotion in this year's budget is not enough. The governme nt will continue to ban charter flights, camping and caravan sites, to disco urage 'low budget' tourists and maintain Mauritius's image as an upmarket de stination for 'low volume high income'. The question remains whether the suf ficient growth in numbers can come from the high income market alone. Moreov er, many 'low budget' tourists, especially from France, continue to find the ir way to Mauritius by taking charters to Reunion and then making the short (50 minutes) flight to Mauritius. Some hoteliers and tour operators believe it would be better to accept that low budget tourists are going to come, cat er properly for them, and get the maximum revenue out of them. They also say that Mauritius remains an extremely expensive destination, even for the hig h-income bracket tourist, and that only by considerably improving the qualit y of the product and service will the industry be able to continue to attrac t increased volume in the face of competition from Kenya, Seychelles, Indone sia, Maldives and Thailand. Development of infrastructure and added faciliti es will be critical to further growth - as will maximising revenue by attrac ting tourists off the beaches to spend more money on other activities. The d evelopment of the National Handicraft Centre, and of inland facilities such as the 'Domain du Chasseur,' a deer hunting and nature park, is being welcom ed by the private sector. After a period of rapid growth the government is n ow facing crucial decisions on how to consolidate and expand its thriving to urist sector to ensure that continued growth will be sustainable. --------- ----------------------------------------------------------- TOURISM ------------------------------------------------------- ------------- 1986 1988 1990 1991 1992* -------------------------------------------------------------------- Arrivals (000s) 165.3 239.3 291.6 300.7 330 Gross ea rnings (MRs) 1.19bn 2.37bn 3.63bn 3.88bn 4.40bn Bed occupancy (%) 61.4 74.1 68.4 60.0 62.0 Hotels 56 64 75 80 80 Employment 5,955 7,005 9,670 10,388 12,000 *Predictions. ----------------------- --------------------------------------------- Source: Ministry of Tourism, M auritius Government Tourist Office ---------------------------------------- ---------------------------- The Financial Times London Page VI ============= Transaction # 110 ============================================== Transaction #: 110 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 30 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-9708 _AN-DKIC6AF4FT 9311 09 FT 09 NOV 93 / Survey of Australia (2): A place in th e Pacific sun - Tourism By BRUCE JACQUES < TEXT> INTERNATIONAL tourism has emerged from near obscurity to become one of Australia's fastest growing industries in the past decade, but it heads tow ards 1994 in a state of dichotomy. Although the industry is one of the few d efying world recession with solid growth rates, tourism remains hazardous gr ound for investors, writes Bruce Jacques. This reflects a 'two-speed' growth record in the past decade which has left substantial imbalances in infrastr ucture, sapped confidence and increased the perceived risk of tourism invest ment. But there are signs, boosted by Sydney's successful bid to host the 20 00 Olympics, that tourism is set for a period of accelerated new growth. Int ernational tourism burst on to an unsuspecting Australia amid the financial boom of the mid 1980s, with overseas visits jumping nearly 200 per cent to 2 .25m in the half decade to 1988. Figures just released confirm that growth i n the half decade since has been a more modest 28 per cent for visits of jus t under 2.8m in 1992-93. This growth volatility has left some bad investment decisions in its wake. Real estate estimates suggest that almost 10 per cen t of the nation's three, four and five star accommodation properties are now either in receivership or under the administration of their banks. That is almost 70 properties, covering about 10,000 rooms - enough to give pause to any investor. Several other factors have added to the industry's roller coas ter feel, including: the Federal Government's deregulation of the aviation i ndustry and subsequent heavy losses and rationalisation among the country's airlines; the unique double failure of Compass Airlines - the new market ent rant that was touted as giving meaning to deregulation; and postponement of the public float of Qantas, the country's international carrier, from which the Federal Government hopes to raise more than ADollars 1.5bn. But just as investors were caught by overestimating the industry's growth, there are sig ns that those who continue to retreat will miss the next cycle. Christopher Brown, executive director of tourism's umbrella body, Tourism Task Force, be lieves some hard lessons have been learned. target more rapid growth. 'You h ave to remember we've only been in the international tourism business in a b ig way for just over a decade,' Mr Brown says. 'What we had in the 1980s was a marketing-led rather than product-led boom. Some of our early marketing c ampaigns (notably the Paul Hogan 'shrimp on the barbie' advertisements) were among the best in the world. But events since have shown that the industry wasn't really able to handle the boom in overseas tourists that followed.' M r Brown believes the industry tried to become too sophisticated too early. ' We thought we had achieved worldwide awareness, but we now know we didn't. B ut the result is that, although some of it is under-utilised, we now have so me of the world's best tourism infrastructure.' Mr Brown says that with the Olympics and increased government recognition and funding for tourism, the i ndustry is now targeting an annual rate of around 7.5m overseas arrivals by 2000. The target would have been around 6m without the Olympics, but both ai ms are considerably higher than estimates of 4.8m arrivals by the government funded Bureau of Tourism Research (BTR). While any of these estimates sugge sts strong growth, the industry still has a task ahead in educating investor s. Mr Brown says banks and institutions are still far less adept at assessin g investments in tourism than other sectors. That ranks as a serious oversig ht given the scale of the industry. While tourism is often proudly promoted as Australia's biggest export earner, that description understates its econo mic importance. If the international and domestic tourism components are tak en together, the industry is arguably Australia's biggest. Judging by BTR fi gures, no investment institution of any standing can afford not to have expo sure to the industry. The BTR publication, Tourism and the Economy, calculat ed that tourism accounted for 465,000 jobs, 5.6 per cent of the country's gr oss domestic product and 10 per cent of its foreign exchange earnings in 199 2. The BTR figures showed that domestic tourism expenditure, at ADollars 18. 4bn, was almost 2.4 times the size of its international counterpart at ADoll ars 7.7bn, for respective GDP contributions of 3.8 and 1.8 per cent. Latest estimates suggest that in 1993 domestic tourism expenditure will exceed ADol lars 22bn, with international expenditure rising to ADollars 8.6bn. Perhaps the clincher for the tourism industry in its push for a larger share of inve stment funds lies in Australia's geographic location. Leading stockbrokers A NZ McCaughan (AM) put the case well in a recent publication, urging investme nt in Australian air lines. 'Australia is positioned on the edge of the fast est-growing tourism region in the world - the Asia/Pacific,' AM analysts sai d. 'By the Year 2000, the Asia/Pacific region with a 39 per cent share, is e xpected to dominate the world's international air traffic. 'The other two ma jor regions will be Europe (26 per cent) and North America (23 per cent). Fo r the remainder of the 1990s air travel in the Asia/Pacific region is expect ed to grow by an average 9.4 per cent a year, almost twice as fast as the US (4.9 per cent) and far faster than Europe (5.5 per cent).' AM quoted a BTR break down forecasting that the proportion of Asia/Pacific tourists visiting Australia will rise from 43 to almost 50 per cent by 2000. 'Japan, Asia, th e US and Europe will be the key inbound markets by the year 2000,' AM said. 'The proximity of these countries to Australia, together with relaxation of institutional constraints on travel, .. augurs well for larger visitor numbe rs.' Countries:- AUZ Australia. Industrie s:- P7999 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times L ondon Page I ============= Transaction # 111 ============================================== Transaction #: 111 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 30 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-9708 _AN-DKIC6AF4FT 9311 09 FT 09 NOV 93 / Survey of Australia (2): A place in th e Pacific sun - Tourism By BRUCE JACQUES < TEXT> INTERNATIONAL tourism has emerged from near obscurity to become one of Australia's fastest growing industries in the past decade, but it heads tow ards 1994 in a state of dichotomy. Although the industry is one of the few d efying world recession with solid growth rates, tourism remains hazardous gr ound for investors, writes Bruce Jacques. This reflects a 'two-speed' growth record in the past decade which has left substantial imbalances in infrastr ucture, sapped confidence and increased the perceived risk of tourism invest ment. But there are signs, boosted by Sydney's successful bid to host the 20 00 Olympics, that tourism is set for a period of accelerated new growth. Int ernational tourism burst on to an unsuspecting Australia amid the financial boom of the mid 1980s, with overseas visits jumping nearly 200 per cent to 2 .25m in the half decade to 1988. Figures just released confirm that growth i n the half decade since has been a more modest 28 per cent for visits of jus t under 2.8m in 1992-93. This growth volatility has left some bad investment decisions in its wake. Real estate estimates suggest that almost 10 per cen t of the nation's three, four and five star accommodation properties are now either in receivership or under the administration of their banks. That is almost 70 properties, covering about 10,000 rooms - enough to give pause to any investor. Several other factors have added to the industry's roller coas ter feel, including: the Federal Government's deregulation of the aviation i ndustry and subsequent heavy losses and rationalisation among the country's airlines; the unique double failure of Compass Airlines - the new market ent rant that was touted as giving meaning to deregulation; and postponement of the public float of Qantas, the country's international carrier, from which the Federal Government hopes to raise more than ADollars 1.5bn. But just as investors were caught by overestimating the industry's growth, there are sig ns that those who continue to retreat will miss the next cycle. Christopher Brown, executive director of tourism's umbrella body, Tourism Task Force, be lieves some hard lessons have been learned. target more rapid growth. 'You h ave to remember we've only been in the international tourism business in a b ig way for just over a decade,' Mr Brown says. 'What we had in the 1980s was a marketing-led rather than product-led boom. Some of our early marketing c ampaigns (notably the Paul Hogan 'shrimp on the barbie' advertisements) were among the best in the world. But events since have shown that the industry wasn't really able to handle the boom in overseas tourists that followed.' M r Brown believes the industry tried to become too sophisticated too early. ' We thought we had achieved worldwide awareness, but we now know we didn't. B ut the result is that, although some of it is under-utilised, we now have so me of the world's best tourism infrastructure.' Mr Brown says that with the Olympics and increased government recognition and funding for tourism, the i ndustry is now targeting an annual rate of around 7.5m overseas arrivals by 2000. The target would have been around 6m without the Olympics, but both ai ms are considerably higher than estimates of 4.8m arrivals by the government funded Bureau of Tourism Research (BTR). While any of these estimates sugge sts strong growth, the industry still has a task ahead in educating investor s. Mr Brown says banks and institutions are still far less adept at assessin g investments in tourism than other sectors. That ranks as a serious oversig ht given the scale of the industry. While tourism is often proudly promoted as Australia's biggest export earner, that description understates its econo mic importance. If the international and domestic tourism components are tak en together, the industry is arguably Australia's biggest. Judging by BTR fi gures, no investment institution of any standing can afford not to have expo sure to the industry. The BTR publication, Tourism and the Economy, calculat ed that tourism accounted for 465,000 jobs, 5.6 per cent of the country's gr oss domestic product and 10 per cent of its foreign exchange earnings in 199 2. The BTR figures showed that domestic tourism expenditure, at ADollars 18. 4bn, was almost 2.4 times the size of its international counterpart at ADoll ars 7.7bn, for respective GDP contributions of 3.8 and 1.8 per cent. Latest estimates suggest that in 1993 domestic tourism expenditure will exceed ADol lars 22bn, with international expenditure rising to ADollars 8.6bn. Perhaps the clincher for the tourism industry in its push for a larger share of inve stment funds lies in Australia's geographic location. Leading stockbrokers A NZ McCaughan (AM) put the case well in a recent publication, urging investme nt in Australian air lines. 'Australia is positioned on the edge of the fast est-growing tourism region in the world - the Asia/Pacific,' AM analysts sai d. 'By the Year 2000, the Asia/Pacific region with a 39 per cent share, is e xpected to dominate the world's international air traffic. 'The other two ma jor regions will be Europe (26 per cent) and North America (23 per cent). Fo r the remainder of the 1990s air travel in the Asia/Pacific region is expect ed to grow by an average 9.4 per cent a year, almost twice as fast as the US (4.9 per cent) and far faster than Europe (5.5 per cent).' AM quoted a BTR break down forecasting that the proportion of Asia/Pacific tourists visiting Australia will rise from 43 to almost 50 per cent by 2000. 'Japan, Asia, th e US and Europe will be the key inbound markets by the year 2000,' AM said. 'The proximity of these countries to Australia, together with relaxation of institutional constraints on travel, .. augurs well for larger visitor numbe rs.' Countries:- AUZ Australia. Industrie s:- P7999 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times L ondon Page I ============= Transaction # 112 ============================================== Transaction #: 112 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 20 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-1609 _AN-ELSDLAFKFT 9412 19 FT 19 DEC 94 / Survey of Sweden (7): Growing rapidly - Tourism By KAREN FOSSLI Tourism i s one of Sweden's fastest-growing sectors and, although the trade is relativ ely young, ranks as the country's third-largest industry, generating annual turnover of an estimated SKr98bn of which SKr21bn is derived from foreign to urists. The attraction of Sweden has to be, among many things, the country's unspoilt environment and alluring scenery comprising 60,000 islands, 90,000 lakes, a 4,725-mile coastline and endless forests. There are also 350 museu ms in the country and a wide variety of special events throughout the year. The tourist industry peaked in 1989 when turnover hit SKr100bn, but nose-div ed by nearly SKr80bn during 1990-91 when the then Social Democratic governme nt led by Mr Ingvar Carlsson, increased value added tax on tourism to 25 per cent in two stages. The VAT increase coincided with the onset of the deepes t recession to hit Sweden since the second world war. But the industry recov ered during 1991-93 after a new conservative Moderate government, led by Mr Carl Bildt, reorganised the marketing of tourism and cut VAT to 12 per cent. These factors were aided by the start of a recovery in the economy which be gan at the end of 1993. Nevertheless, even after the rate cut, Sweden's VAT remains significantly higher than the European average. The Swedes argue vig orously that prices in their country have become competitive with the rest o f Europe while a main priority of marketing seeks to dispel 'the myth' that Sweden is far too expensive to be considered a holiday destination by more t han just the elite. 'Surveys show that many foreigners still believe that Sw eden is too expensive. Heavy resources are therefore being invested in marke ting Sweden abroad,' the Swedish Trade Council said in its 1994 annual repor t on the country. In the first nine months of this year, the number of overn ight stays in Swedish hotels by foreigners rose 13 per cent compared with th e year-earlier period, and industry executives are predicting that 1994 will be a record year in terms of growth. Last year, foreigners' overnight stays alone reached 6.1m. During the first nine months of 1994, Dutch and Danish tourists accounted for the highest growth rate in overnight stays in percent age terms, rising respectively 25 per cent and 26 per cent while US visitors rose by 14 per cent. German tourists, the largest group of foreign visitors to Sweden, increased their overnight stays by 13 per cent and UK tourists 1 1 per cent. Another indication of the strength of this year's activity is a forecast rise in the number of cruise ship passengers calling on Stockholm a lone. It is estimated that international cruise ships will make 125 visits t o the capital city this year, carrying a total of 70,000 passengers, represe nting an increase of 10,000 passengers over 1993. Mr Per-Johann Orrby, presi dent of Next Stop Sweden (NSS), the Swedish Travel and Tourist Council, attr ibutes the rise in tourism's fortunes partly to Sweden's attractive prices - in foreign currency terms - since the krona was devalued by nearly 30 per c ent in 1992. The reduction of VAT and a slight recovery of the economy are a lso considered significant. NSS reckons that sterling buys 15 per cent more in Sweden since the devaluation, while the purchasing power of the US dollar has risen 18 per cent and the German mark 30 per cent. But the Swedes proba bly also have their next-door Nordic neighbours to thank for foreign interes t, following Norway's success in arranging the Winter Olympics earlier this year. For more than two weeks in February, hours and hours of pristine, sunl it 'Scandinavian' winter images were broadcast worldwide from Lillehammer in Norway. Such coverage undoubtedly had a spill-over affect for Sweden and mu st have improved the country's standing as a tourist destination. The Olympi cs boosted Norway's tourist industry by as much as 5 per cent this year but it would be difficult to quantify the effect it had on Swedish tourism. Acco rding to Mr Jan Brannstrom, managing director of Image Sweden, the state-bac ked agency which promotes Sweden internationally, recent studies revealed th at about half the foreign tourists visiting Sweden do so as part of a Scandi navian tour. But, he said, there were no plans for a joint Scandinavian tour ism marketing effort and, in the long-run, he saw few, if any, benefits from such a scheme. Another important factor which has undoubtedly lifted the aw areness of Sweden abroad is the apparent success of the big overhaul of the organisational structure of marketing services for tourism. The Swedish Tour ist Board was dismantled and Image Sweden established together with NSS. Ima ge Sweden purchases marketing services from NSS for an estimated NKr60m annu ally. Countries:- SEZ Sweden, West Europe. Industries:- P9611 Administration of General Economic Programs. Types:- CMMT Comment & Analysis. The Financ ial Times London Page IV ============= Transaction # 113 ============================================== Transaction #: 113 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 24 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-15886 _AN-CAHBJAAPFT 920 108 FT 08 JAN 92 / Survey of Kenya (16): Strategies for all seasons - Tourism, from potential disaster to mild success < BYLINE> By JULIAN OZANNE THE worldwide downturn in touri sm last year, fuelled by the Gulf crisis, the international economic recessi on and the escalating costs of air travel, has proved a watershed in Kenya. Kenya's dynamic tourism industry, although faced by the prospect of a severe loss of jobs and hard currency in what is its biggest foreign exchange earn ing sector, has turned 1991 from being a potential disaster into a mild succ ess. The private sector and the government, with cancellations running at up to 60 per cent for the peak season of January to March, rallied with a seri es of measures. The boldest move by government was the decision to open up K enya to South African tourists, several months before the October Commonweal th head of government conference in Harare. Visas, previously denied to Sout h Africans, were granted at the airport and an agreement was reached to allo w South African Airways and Kenya Airways to operate one flight each a week between Nairobi and Johannesburg. The government also gave new incentives to the hotel training college, established an autonomous airports authority an d started the rehabilitation of Nairobi's international airport and continue d to strengthen the newly-created Kenya Wildlife Service, a semi-autonomous parastatal in charge of security and management in Kenya's national parks. T he private sector moved quickly, reducing rates and increasing charter fligh ts, particularly from Spain and Britain. In August and September there were 42 such flights a week arriving in Kenya, each with about 200 seats, in addi tion to scheduled flights. These measures appear to have averted a slump in tourist arrivals which in 1990 nearly reached 900,000 people, while foreign exchange earnings last year should approach the 1990 level of Dollars 467m. Sustaining the remarkable growth which Kenya's tourist sector has enjoyed si nce independence will not be easy. Since 1963 the numbers of visitors a year have increased from 110,000 to 889,000 in 1990 and foreign exchange earning s in the same period have mushroomed from Dollars 25m to Dollars 467m. In 19 87, tourism overtook coffee as the country's number one foreign exchange ear ner. The impact on the rest of the economy has been vast. Throughout the las t decade employment in the sector has grown by at least 5 per cent a year an d tourism has contributed to the expansion of the services sector - hotels, restaurants, road and air transport - and to allied industries such as const ruction and food. Much of the rapid growth in tourism in the past quarter of a century has been due to declining costs of air travel and the extensive i nfrastructure which was in place at independence. The government has created a reasonably attractive enabling environment through welcoming foreign inve stment in tourism, the development of infrastructure and the maintenance of relative political stability. Increasing importance has been given to conser vation and better animal management and while the national parks and reserve s sector was marred by a long period of poaching and inefficiency between 19 76-88 it has become a top priority. However, with mounting regional competit ion and the demands of the growing population a much greater effort is requi red. In order to continue generating jobs and increasing critical foreign ex change earnings the government has recognised the need to creat a better env ironment. Mr Philemon Mwaisaka, permanent secretary in the Ministry of Touri sm, says the government is targeting two key areas for growth over the next three years: diversifying the type of tourism available and drawing in visit ors from new markets. Diversification away from game parks and beaches will depend on giving greater importance to attractions such as cultural, confere nce and speciality tourism, scuba diving, fishing or mountaineering, and ope ning up new areas of Kenya to tourist development such as the volcanic deser t around Lake Turkana. Attracting visitors from outside the traditional mark ets of the US and Europe will require a big publicity drive in the Asia Paci fic area, particularly Japan and Singapore. In order to realise both ambitio ns a overhaul of Kenya's hitherto weak overseas marketing is necessary. So f ar the government has been content to leave most of the marketing to the pri vate sector. Unlike many other countries Kenya does not have an autonomous t ourist board. Between 1986 and 1990 the government spent a mere Dollars 25m on marketing. Kenya's well organised private sector has been lobbying hard f or a tourist board to be set up under an autonomous director to launch a con certed marketing campaign of research, information gathering and publicity t o enable the industry to better tailor and target their products in a compet itive market. The government has given its blessing to the appeal but progre ss appears slow. Good marketing and closer links with airlines will be vital to attract the high income from the choosy Japanese market. Plans for Kenya Airways to open up a route to Bangkok next year may prove insufficient to p enetrate Asia and South Africa is proving a formidable competitor with Singa pore Airlines operating a flight to Johannesburg. A number of issues need th e government's urgent attention. Problem areas include privatisation of gove rnment share holdings in hotels, developing a strategy for high income VIP t ourism, planning how to cope with the growing demand for combination tourism with tourists visiting at least two African countries, better harmonisation of visa and health requirements and more incentives, such as import duty ex emption on vehicles for the tourist sector. ------------------------------- ---------------------- TOURISM PROFILE ------------------------------------ ----------------- Total Total Aver. length rec eipts (Dollars m) visitors of stay (days) 1965 30.2 14 7,400 9.3 1970 51.8 326,500 8.8 1980 222.4 362,700 15.7 1985 239.8 541,200 15. 9 1987 354.9 662,100 16.0 1988 393.3 676,900 16.0 1989 417.0 729,700 14.2 1990 467 .0 (est) 889,000 (est) na ----------------------------------------- ------------ Source: Ministry of Tourism ---------------------------------- ------------------- The Financial Times London Pa ge VIII Map (Omitted). Table ============= Transaction # 114 ============================================== Transaction #: 114 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 29 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-3223 _AN-CINBUADLFT 9209 14 FT 14 SEP 92 / Survey on Mauritius (12): Expanding to urism presents dilemmas - Paradise has problems By J ULIAN OZANNE GOLDEN sunlight dances off the clear turquoise water of the Indian ocean. A gentle breeze, blowing across the lagoon, rust les the deep green leaves of palm trees fringing white sandy beaches. Half a mile out to sea, the surf breaks gently over the coral reef. There are few 'sea, sun and sand' tourist destinations in the world which come as close to paradise as Mauritius, with its excellent facilities for deep sea diving, b ig game fishing, water skiing, wind surfing, riding and sailing. But the tou rism sector is struggling to come to terms with a rocketing expansion of the industry. This has created serious environmental and economic problems and left government confused about the policy direction it should follow for the next five years. Industry experts say a comprehensive government five-year tourism development policy is eagerly awaited. They look to this to give cle ar directions about critical policy issues such as tourist arrivals, hotel d evelopment, international marketing strategies, environmental impact assessm ents, and plans to develop a more diversified and high quality product. The tourism boom in Mauritius has been impressive. Tourist arrivals have doubled in six years: 148,900 in 1985 to 298,500 last year. Earnings have risen fro m MR845m to M3.9bn over the same period, making tourism the third biggest fo reign exchange winner. Particularly good results have been achieved in boost ing the average spending per tourist, which increased from MR5,676 in 1985 t o M13,000 in 1991. After a disappointing year in 1991, during which tourist arrivals increased only by 2.4 per cent over the previous year ( mainly beca use of world recession and the Gulf War), Mr Noel Lee Cheong Lem, minister o f tourism, says arrivals look likely to return to a growth rate of about 10 per cent this year. This pattern of growth has had its costs. The number of hotels in the past six years has increased from 55 to 80, with an increase i n the number of beds from 5,387 to 10,482. Bed occupancy rates fell to a rec ord low of only 47 per cent last year, as the increase in tourists has not k ept pace with the increase in beds. Between 1985-1988, according to Mr Lem, a number of hotel development certificates were distributed as 'political fa vours' - without either adequate planning about how the new hotels were goin g to be filled, or consideration of the environmental impact of this expansi on. With low occupancy rates the new hotels are struggling to make profits, despite attempts to buy market share by cutting rates. Furthermore, the unre gulated growth in the number of hotels has had a detrimental impact on the e nvironment. Dumping of untreated sewage into the seas and lagoons, particula rly severe in the Grand Baie area, has had a damaging impact on the marine e cosystem. A moratorium on 20 new hotel projects expired last year, but Mr Le m says 16 of these projects have subsequently been shelved, and the governme nt is trying to persuade the other four not to go ahead. 'We are applying th e brakes on the further expansion of the tourist sector and at the same time trying to widen the market to allow hotels to achieve the rate of occupancy which is viable and profitable.' All new hotel developments will now also b e subject to an environmental impact assessment under the new Ministry of th e Environment. If hotel development is slowed, and the growth in arrivals co ntinues to boom, Mauritius's capacity problem and the economic viability of hotels is likely to ease considerably within the next three to four years. T he government has now abandoned an arbitrary limit of 400,000 arrivals by th e year 2000, and Mr Lem says Mauritius is a long way from the threshold of t olerance of tourist arrivals, and that the ratio of tourist arrivals to popu lation is still so low that at least 500,000 arrivals by the end of the cent ury is acceptable and possible. Two important challenges face the government in seeking to increase arrivals: developing new markets, and developing the infrastructure for the 'second phase' of development. Government is pinning its hopes on development of the Japanese and Indian markets, and consolidat ion of the French, British, German and South African markets. A once-a-week flight from Osaka to Mauritius is expected to start by 1994. But hoteliers a nd tour operators say the Government Tourist Office is weak and ineffective, and must develop a much more aggressive marketing campaign. They say the MR 65m allocated to promotion in this year's budget is not enough. The governme nt will continue to ban charter flights, camping and caravan sites, to disco urage 'low budget' tourists and maintain Mauritius's image as an upmarket de stination for 'low volume high income'. The question remains whether the suf ficient growth in numbers can come from the high income market alone. Moreov er, many 'low budget' tourists, especially from France, continue to find the ir way to Mauritius by taking charters to Reunion and then making the short (50 minutes) flight to Mauritius. Some hoteliers and tour operators believe it would be better to accept that low budget tourists are going to come, cat er properly for them, and get the maximum revenue out of them. They also say that Mauritius remains an extremely expensive destination, even for the hig h-income bracket tourist, and that only by considerably improving the qualit y of the product and service will the industry be able to continue to attrac t increased volume in the face of competition from Kenya, Seychelles, Indone sia, Maldives and Thailand. Development of infrastructure and added faciliti es will be critical to further growth - as will maximising revenue by attrac ting tourists off the beaches to spend more money on other activities. The d evelopment of the National Handicraft Centre, and of inland facilities such as the 'Domain du Chasseur,' a deer hunting and nature park, is being welcom ed by the private sector. After a period of rapid growth the government is n ow facing crucial decisions on how to consolidate and expand its thriving to urist sector to ensure that continued growth will be sustainable. --------- ----------------------------------------------------------- TOURISM ------------------------------------------------------- ------------- 1986 1988 1990 1991 1992* -------------------------------------------------------------------- Arrivals (000s) 165.3 239.3 291.6 300.7 330 Gross ea rnings (MRs) 1.19bn 2.37bn 3.63bn 3.88bn 4.40bn Bed occupancy (%) 61.4 74.1 68.4 60.0 62.0 Hotels 56 64 75 80 80 Employment 5,955 7,005 9,670 10,388 12,000 *Predictions. ----------------------- --------------------------------------------- Source: Ministry of Tourism, M auritius Government Tourist Office ---------------------------------------- ---------------------------- The Financial Times London Page VI ============= Transaction # 115 ============================================== Transaction #: 115 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 30 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-9708 _AN-DKIC6AF4FT 9311 09 FT 09 NOV 93 / Survey of Australia (2): A place in th e Pacific sun - Tourism By BRUCE JACQUES < TEXT> INTERNATIONAL tourism has emerged from near obscurity to become one of Australia's fastest growing industries in the past decade, but it heads tow ards 1994 in a state of dichotomy. Although the industry is one of the few d efying world recession with solid growth rates, tourism remains hazardous gr ound for investors, writes Bruce Jacques. This reflects a 'two-speed' growth record in the past decade which has left substantial imbalances in infrastr ucture, sapped confidence and increased the perceived risk of tourism invest ment. But there are signs, boosted by Sydney's successful bid to host the 20 00 Olympics, that tourism is set for a period of accelerated new growth. Int ernational tourism burst on to an unsuspecting Australia amid the financial boom of the mid 1980s, with overseas visits jumping nearly 200 per cent to 2 .25m in the half decade to 1988. Figures just released confirm that growth i n the half decade since has been a more modest 28 per cent for visits of jus t under 2.8m in 1992-93. This growth volatility has left some bad investment decisions in its wake. Real estate estimates suggest that almost 10 per cen t of the nation's three, four and five star accommodation properties are now either in receivership or under the administration of their banks. That is almost 70 properties, covering about 10,000 rooms - enough to give pause to any investor. Several other factors have added to the industry's roller coas ter feel, including: the Federal Government's deregulation of the aviation i ndustry and subsequent heavy losses and rationalisation among the country's airlines; the unique double failure of Compass Airlines - the new market ent rant that was touted as giving meaning to deregulation; and postponement of the public float of Qantas, the country's international carrier, from which the Federal Government hopes to raise more than ADollars 1.5bn. But just as investors were caught by overestimating the industry's growth, there are sig ns that those who continue to retreat will miss the next cycle. Christopher Brown, executive director of tourism's umbrella body, Tourism Task Force, be lieves some hard lessons have been learned. target more rapid growth. 'You h ave to remember we've only been in the international tourism business in a b ig way for just over a decade,' Mr Brown says. 'What we had in the 1980s was a marketing-led rather than product-led boom. Some of our early marketing c ampaigns (notably the Paul Hogan 'shrimp on the barbie' advertisements) were among the best in the world. But events since have shown that the industry wasn't really able to handle the boom in overseas tourists that followed.' M r Brown believes the industry tried to become too sophisticated too early. ' We thought we had achieved worldwide awareness, but we now know we didn't. B ut the result is that, although some of it is under-utilised, we now have so me of the world's best tourism infrastructure.' Mr Brown says that with the Olympics and increased government recognition and funding for tourism, the i ndustry is now targeting an annual rate of around 7.5m overseas arrivals by 2000. The target would have been around 6m without the Olympics, but both ai ms are considerably higher than estimates of 4.8m arrivals by the government funded Bureau of Tourism Research (BTR). While any of these estimates sugge sts strong growth, the industry still has a task ahead in educating investor s. Mr Brown says banks and institutions are still far less adept at assessin g investments in tourism than other sectors. That ranks as a serious oversig ht given the scale of the industry. While tourism is often proudly promoted as Australia's biggest export earner, that description understates its econo mic importance. If the international and domestic tourism components are tak en together, the industry is arguably Australia's biggest. Judging by BTR fi gures, no investment institution of any standing can afford not to have expo sure to the industry. The BTR publication, Tourism and the Economy, calculat ed that tourism accounted for 465,000 jobs, 5.6 per cent of the country's gr oss domestic product and 10 per cent of its foreign exchange earnings in 199 2. The BTR figures showed that domestic tourism expenditure, at ADollars 18. 4bn, was almost 2.4 times the size of its international counterpart at ADoll ars 7.7bn, for respective GDP contributions of 3.8 and 1.8 per cent. Latest estimates suggest that in 1993 domestic tourism expenditure will exceed ADol lars 22bn, with international expenditure rising to ADollars 8.6bn. Perhaps the clincher for the tourism industry in its push for a larger share of inve stment funds lies in Australia's geographic location. Leading stockbrokers A NZ McCaughan (AM) put the case well in a recent publication, urging investme nt in Australian air lines. 'Australia is positioned on the edge of the fast est-growing tourism region in the world - the Asia/Pacific,' AM analysts sai d. 'By the Year 2000, the Asia/Pacific region with a 39 per cent share, is e xpected to dominate the world's international air traffic. 'The other two ma jor regions will be Europe (26 per cent) and North America (23 per cent). Fo r the remainder of the 1990s air travel in the Asia/Pacific region is expect ed to grow by an average 9.4 per cent a year, almost twice as fast as the US (4.9 per cent) and far faster than Europe (5.5 per cent).' AM quoted a BTR break down forecasting that the proportion of Asia/Pacific tourists visiting Australia will rise from 43 to almost 50 per cent by 2000. 'Japan, Asia, th e US and Europe will be the key inbound markets by the year 2000,' AM said. 'The proximity of these countries to Australia, together with relaxation of institutional constraints on travel, .. augurs well for larger visitor numbe rs.' Countries:- AUZ Australia. Industrie s:- P7999 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times L ondon Page I ============= Transaction # 116 ============================================== Transaction #: 116 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 33 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-17371 _AN-EAECPABKFT 940 105 FT 05 JAN 94 / World Trade News: Global tourism up 3 .8% By MICHAEL SKAPINKER, Leisure Industries Corresp ondent The number of international tourist arrivals worldwi de last year was about 500m, a 3.8 per cent increase over 1992, according to the World Tourism Organisation, writes Michael Skapinker, Leisure Industrie s Correspondent. International tourism receipts rose by 9 per cent to Dollar s 324bn (Pounds 219bn). The East Asian and Pacific region recorded the highe st level of growth last year, with arrivals up 11.8 per cent to 68.5m. Touri st receipts in the region rose 15.2 per cent to Dollars 52.6bn. The Americas recorded the second highest growth, with arrivals up 5.6 per cent to 106.5m and receipts up 14.3 per cent to Dollars 95.5bn. Europe remained the world' s largest tourist destination, with 296.5m arrivals last year and receipts o f Dollars 162.6bn. This represented growth over 1992 of 2.1 per cent and 5.7 per cent respectively. Countries:- XBZ North Americ a. XEZ South America. XGZ Europe. XOZ Asia. Indust ries:- P7999 Amusement and Recreation, NEC. Types:- NEWS General News. The Financial Times Lond on Page 4 ============= Transaction # 117 ============================================== Transaction #: 117 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 33 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-17371 _AN-EAECPABKFT 940 105 FT 05 JAN 94 / World Trade News: Global tourism up 3 .8% By MICHAEL SKAPINKER, Leisure Industries Corresp ondent The number of international tourist arrivals worldwi de last year was about 500m, a 3.8 per cent increase over 1992, according to the World Tourism Organisation, writes Michael Skapinker, Leisure Industrie s Correspondent. International tourism receipts rose by 9 per cent to Dollar s 324bn (Pounds 219bn). The East Asian and Pacific region recorded the highe st level of growth last year, with arrivals up 11.8 per cent to 68.5m. Touri st receipts in the region rose 15.2 per cent to Dollars 52.6bn. The Americas recorded the second highest growth, with arrivals up 5.6 per cent to 106.5m and receipts up 14.3 per cent to Dollars 95.5bn. Europe remained the world' s largest tourist destination, with 296.5m arrivals last year and receipts o f Dollars 162.6bn. This represented growth over 1992 of 2.1 per cent and 5.7 per cent respectively. Countries:- XBZ North Americ a. XEZ South America. XGZ Europe. XOZ Asia. Indust ries:- P7999 Amusement and Recreation, NEC. Types:- NEWS General News. The Financial Times Lond on Page 4 ============= Transaction # 118 ============================================== Transaction #: 118 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 33 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-17371 _AN-EAECPABKFT 940 105 FT 05 JAN 94 / World Trade News: Global tourism up 3 .8% By MICHAEL SKAPINKER, Leisure Industries Corresp ondent The number of international tourist arrivals worldwi de last year was about 500m, a 3.8 per cent increase over 1992, according to the World Tourism Organisation, writes Michael Skapinker, Leisure Industrie s Correspondent. International tourism receipts rose by 9 per cent to Dollar s 324bn (Pounds 219bn). The East Asian and Pacific region recorded the highe st level of growth last year, with arrivals up 11.8 per cent to 68.5m. Touri st receipts in the region rose 15.2 per cent to Dollars 52.6bn. The Americas recorded the second highest growth, with arrivals up 5.6 per cent to 106.5m and receipts up 14.3 per cent to Dollars 95.5bn. Europe remained the world' s largest tourist destination, with 296.5m arrivals last year and receipts o f Dollars 162.6bn. This represented growth over 1992 of 2.1 per cent and 5.7 per cent respectively. Countries:- XBZ North Americ a. XEZ South America. XGZ Europe. XOZ Asia. Indust ries:- P7999 Amusement and Recreation, NEC. Types:- NEWS General News. The Financial Times Lond on Page 4 ============= Transaction # 119 ============================================== Transaction #: 119 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 120 ============================================== Transaction #: 120 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 35 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-6187 _AN-CH0BVABKFT 9208 26 FT 26 AUG 92 / 18% jump in visitors to Northern Irela nd THE NUMBER of visitors to Northern Ireland increased b y 18 per cent to 263,000 last year, the province's tourist board said yester day. Mr Hugh O'Neill, board chairman, said the numbers had more than doubled over three years but the government target was for more than 400,000 holida ymakers by 1994. Self-catering, bed and breakfast accommodation and touring caravan and camping sites reported big increases in business, although hotel occupancy fell by 1 per cent. The board's annual report says that holidayma kers are spending less because of the recession and the domestic market is w eak. There was also a disappointing level of visitors from the US but Mr O'N eill said: 'We nevertheless believe that 1992 will be the best ever year for overseas visitors and for tourism revenue.' The Financial Time s London Page 6 ============= Transaction # 121 ============================================== Transaction #: 121 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 46 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-8438 _AN-DHPB3ABTFT 9308 16 FT 16 AUG 93 / Bright spots among the tourism gloom: The industry's patchy upturn By MICHAEL SKAPINKER YOU KNOW the tourist industry's recession is over when luncht ime restaurant customers run into double figures, says Mr Martin Cummings, o wner of the Inn on the Lake, in Godalming, Surrey. Mr Cummings said that his 20-room inn and restaurant had just started achieving lunchtime double figu res. Room occupancy was up 5.2 per cent on last summer. Like their colleague s in the manufacturing sector, managers of tourist establishments report an upturn but say that it is patchy. Some say they could not survive without No rth American visitors, others that the North Americans do not seem to have a rrived this year. The English Tourist Board said that it had heard contrasti ng stories of success and gloom from different hotels in the same street. Me anwhile Mr Brian Hughes, managing director of the St Andrews Golf Hotel in S t Andrews, Fife, said the recession in the south of England had led to a sha rp fall in guests from there. Business from the US and continental Europe ha d been excellent. At the other end of the country, Mr Cummings said that ano ther of his properties, the Amberley Castle country hotel, in Amberley, West Sussex, has enjoyed a 37 per cent increase in occupancy in the past three m onths compared with the same period last year. Most tourism managers agree t hat business is better this summer than last, although they have different v iews on how much better. Mrs Jane Randall, tourism services officer for Stok e-on-Trent, said inquiries at the local tourism information centre were runn ing at 1,000 a day compared with 500 to 600 last summer. The different exper iences of tourist businesses partly reflect the uneven nature of the upturn. They also reflect the fragmented nature of the UK tourist industry. Most co mpanies are small and attract different types of visitor. Some operate in ma rkets which are less vulnerable to recession because their clients are so we ll-off. Mr Hughes in St Andrews said that American and continental European golfers tended to be wealthier than their UK counterparts. 'You don't have t o be well-off to play golf in Britain,' he said. 'The British golfer tends t o golf cheaply.' Foreign golfers come to Scotland in good economic times and bad. 'Two points up or down in the exchange rates doesn't affect them,' he said. Stoke-on-Trent, home to ceramics companies such as Wedgwood, also trie s to attract high-spending foreign visitors. Mrs Randall said there were mor e high-spenders this year than last. In 1992, the year after the Gulf war, t here were many cheap flights on offer in the US and the Americans who visite d the city did not have much money to spend. She said wealthier Americans ap peared to have returned this summer, along with an increasing number of cont inental Europeans and visitors from as far away as Venezuela. C ountries:- GBZ United Kingdom, EC. Industries:- P5812 Eating Places. P7011 Hotels and Motels. P7999 Amusement an d Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Page 7 ============= Transaction # 122 ============================================== Transaction #: 122 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 123 ============================================== Transaction #: 123 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 47 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-14658 _AN-CJHBUAGFFT 921 008 FT 08 OCT 92 / Survey on Austria (11): Hotel owners calculate carefully - Tourism aims at quality By IAN RODGER FOR AUSTRIA'S ambitious tourism industry, a good ye ar may not be good enough. After several years of rapid expansion in the num ber of visitors and in tourism revenue, Austria's most important industry is expecting a significant growth slowdown for 1992, primarily because of the world recession. Revenue from tourism will still reach a new record high, bu t hotel owners and tour operators are talking about a crisis. 'The profitabi lity of hotels is very poor, it is a real problem both in the cities and the resorts,' says Mr Michael Raffling, head of the hotel and restaurant sectio n in the Austrian chamber of commerce. Following years of heavy investment i n expanding and upgrading facilities, many hotel owners are heavily indebted and are being hurt by high European interest rates. Any difficulties fillin g beds are often solved by offering heavy discounts on room prices, which te nds to depress profits further, he says. 'We are advising hotel owners to ca lculate carefully. We tell them not to subsidise their guests,' Mr Raffling says. Instead, he says hotels could attract more visitors by focusing on spe cial groups such as skiers, golfers or fitness fanatics, who are willing the pay the full price if their interests are met. Tourism experts who are not affiliated with the hotel industry do not see any fundamental problems behin d the growth slowdown. The extremely hot weather in central Europe this summ er has hurt some resorts because many Austrians decided to stay at home whil e Germans went to the cooler Baltic sea resorts, says Mr Paul Schimka, head of the tourism section in the chamber of commerce. The main cities of Vienna and Salzburg, where hotels rely heavily on US and British visitors, had suf fered a major setback last year because of the Gulf war, and are only recove ring modestly so far this year. Recession in the US and Britain and the weak dollar are keeping those groups of tourists away, Mr Schimka says. But he e xpects the winter season to be very strong 'because last year's heavy snowfa ll was the best advertisement we could get.' Mr Egon Smeral, tourism forecas ter at the Austrian Economic Research Institute (WIFO), is expecting a reven ue increase of 5 per cent or less from the record ASch364bn earned from tour ism in 1991. This is less than targets set early in the year, but it will ke ep the country on a long-term growth track well above its main European comp etitors. 'Austria is gaining market share,' Mr Smeral says. 'Last year, tour ism in Europe declined, and this year it is stagnating, but in Austria it is still growing.' The country continues to benefit indirectly from the war in what was formerly Yugoslavia, because tourists who might have gone there go to Austria instead. Reports of pollution in the Mediterranean may have also worked in Austria's favour. Austria is investing heavily in advertising, an d a series of exhibitions on the Hapsburg empire is generating good publicit y as far as San Francisco and Tokyo. The number of overnight stays, which cl imbed 5.3 per cent to 130 million last year, is likely to stagnate in 1992, but experts say this is no reason to worry. The industry is focusing on qual ity rather than mass tourism, and cheap private beds are quickly disappearin g. The opening of Eastern Europe has brought less of an influx of low-budget tourists than many had expected. In the early days after the collapse of th e Berlin wall, hordes of tourists in rickety coaches would arrive in Vienna at weekends for a look at the city's treasures and depart after spending alm ost nothing. But both the coaches and the tourists' spending power have impr oved significantly, tourism officials say. The Financial Times London Page IV ============= Transaction # 124 ============================================== Transaction #: 124 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 47 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-14658 _AN-CJHBUAGFFT 921 008 FT 08 OCT 92 / Survey on Austria (11): Hotel owners calculate carefully - Tourism aims at quality By IAN RODGER FOR AUSTRIA'S ambitious tourism industry, a good ye ar may not be good enough. After several years of rapid expansion in the num ber of visitors and in tourism revenue, Austria's most important industry is expecting a significant growth slowdown for 1992, primarily because of the world recession. Revenue from tourism will still reach a new record high, bu t hotel owners and tour operators are talking about a crisis. 'The profitabi lity of hotels is very poor, it is a real problem both in the cities and the resorts,' says Mr Michael Raffling, head of the hotel and restaurant sectio n in the Austrian chamber of commerce. Following years of heavy investment i n expanding and upgrading facilities, many hotel owners are heavily indebted and are being hurt by high European interest rates. Any difficulties fillin g beds are often solved by offering heavy discounts on room prices, which te nds to depress profits further, he says. 'We are advising hotel owners to ca lculate carefully. We tell them not to subsidise their guests,' Mr Raffling says. Instead, he says hotels could attract more visitors by focusing on spe cial groups such as skiers, golfers or fitness fanatics, who are willing the pay the full price if their interests are met. Tourism experts who are not affiliated with the hotel industry do not see any fundamental problems behin d the growth slowdown. The extremely hot weather in central Europe this summ er has hurt some resorts because many Austrians decided to stay at home whil e Germans went to the cooler Baltic sea resorts, says Mr Paul Schimka, head of the tourism section in the chamber of commerce. The main cities of Vienna and Salzburg, where hotels rely heavily on US and British visitors, had suf fered a major setback last year because of the Gulf war, and are only recove ring modestly so far this year. Recession in the US and Britain and the weak dollar are keeping those groups of tourists away, Mr Schimka says. But he e xpects the winter season to be very strong 'because last year's heavy snowfa ll was the best advertisement we could get.' Mr Egon Smeral, tourism forecas ter at the Austrian Economic Research Institute (WIFO), is expecting a reven ue increase of 5 per cent or less from the record ASch364bn earned from tour ism in 1991. This is less than targets set early in the year, but it will ke ep the country on a long-term growth track well above its main European comp etitors. 'Austria is gaining market share,' Mr Smeral says. 'Last year, tour ism in Europe declined, and this year it is stagnating, but in Austria it is still growing.' The country continues to benefit indirectly from the war in what was formerly Yugoslavia, because tourists who might have gone there go to Austria instead. Reports of pollution in the Mediterranean may have also worked in Austria's favour. Austria is investing heavily in advertising, an d a series of exhibitions on the Hapsburg empire is generating good publicit y as far as San Francisco and Tokyo. The number of overnight stays, which cl imbed 5.3 per cent to 130 million last year, is likely to stagnate in 1992, but experts say this is no reason to worry. The industry is focusing on qual ity rather than mass tourism, and cheap private beds are quickly disappearin g. The opening of Eastern Europe has brought less of an influx of low-budget tourists than many had expected. In the early days after the collapse of th e Berlin wall, hordes of tourists in rickety coaches would arrive in Vienna at weekends for a look at the city's treasures and depart after spending alm ost nothing. But both the coaches and the tourists' spending power have impr oved significantly, tourism officials say. The Financial Times London Page IV ============= Transaction # 125 ============================================== Transaction #: 125 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 35 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-6187 _AN-CH0BVABKFT 9208 26 FT 26 AUG 92 / 18% jump in visitors to Northern Irela nd THE NUMBER of visitors to Northern Ireland increased b y 18 per cent to 263,000 last year, the province's tourist board said yester day. Mr Hugh O'Neill, board chairman, said the numbers had more than doubled over three years but the government target was for more than 400,000 holida ymakers by 1994. Self-catering, bed and breakfast accommodation and touring caravan and camping sites reported big increases in business, although hotel occupancy fell by 1 per cent. The board's annual report says that holidayma kers are spending less because of the recession and the domestic market is w eak. There was also a disappointing level of visitors from the US but Mr O'N eill said: 'We nevertheless believe that 1992 will be the best ever year for overseas visitors and for tourism revenue.' The Financial Time s London Page 6 ============= Transaction # 126 ============================================== Transaction #: 126 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 47 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-14658 _AN-CJHBUAGFFT 921 008 FT 08 OCT 92 / Survey on Austria (11): Hotel owners calculate carefully - Tourism aims at quality By IAN RODGER FOR AUSTRIA'S ambitious tourism industry, a good ye ar may not be good enough. After several years of rapid expansion in the num ber of visitors and in tourism revenue, Austria's most important industry is expecting a significant growth slowdown for 1992, primarily because of the world recession. Revenue from tourism will still reach a new record high, bu t hotel owners and tour operators are talking about a crisis. 'The profitabi lity of hotels is very poor, it is a real problem both in the cities and the resorts,' says Mr Michael Raffling, head of the hotel and restaurant sectio n in the Austrian chamber of commerce. Following years of heavy investment i n expanding and upgrading facilities, many hotel owners are heavily indebted and are being hurt by high European interest rates. Any difficulties fillin g beds are often solved by offering heavy discounts on room prices, which te nds to depress profits further, he says. 'We are advising hotel owners to ca lculate carefully. We tell them not to subsidise their guests,' Mr Raffling says. Instead, he says hotels could attract more visitors by focusing on spe cial groups such as skiers, golfers or fitness fanatics, who are willing the pay the full price if their interests are met. Tourism experts who are not affiliated with the hotel industry do not see any fundamental problems behin d the growth slowdown. The extremely hot weather in central Europe this summ er has hurt some resorts because many Austrians decided to stay at home whil e Germans went to the cooler Baltic sea resorts, says Mr Paul Schimka, head of the tourism section in the chamber of commerce. The main cities of Vienna and Salzburg, where hotels rely heavily on US and British visitors, had suf fered a major setback last year because of the Gulf war, and are only recove ring modestly so far this year. Recession in the US and Britain and the weak dollar are keeping those groups of tourists away, Mr Schimka says. But he e xpects the winter season to be very strong 'because last year's heavy snowfa ll was the best advertisement we could get.' Mr Egon Smeral, tourism forecas ter at the Austrian Economic Research Institute (WIFO), is expecting a reven ue increase of 5 per cent or less from the record ASch364bn earned from tour ism in 1991. This is less than targets set early in the year, but it will ke ep the country on a long-term growth track well above its main European comp etitors. 'Austria is gaining market share,' Mr Smeral says. 'Last year, tour ism in Europe declined, and this year it is stagnating, but in Austria it is still growing.' The country continues to benefit indirectly from the war in what was formerly Yugoslavia, because tourists who might have gone there go to Austria instead. Reports of pollution in the Mediterranean may have also worked in Austria's favour. Austria is investing heavily in advertising, an d a series of exhibitions on the Hapsburg empire is generating good publicit y as far as San Francisco and Tokyo. The number of overnight stays, which cl imbed 5.3 per cent to 130 million last year, is likely to stagnate in 1992, but experts say this is no reason to worry. The industry is focusing on qual ity rather than mass tourism, and cheap private beds are quickly disappearin g. The opening of Eastern Europe has brought less of an influx of low-budget tourists than many had expected. In the early days after the collapse of th e Berlin wall, hordes of tourists in rickety coaches would arrive in Vienna at weekends for a look at the city's treasures and depart after spending alm ost nothing. But both the coaches and the tourists' spending power have impr oved significantly, tourism officials say. The Financial Times London Page IV ============= Transaction # 127 ============================================== Transaction #: 127 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 48 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT922-2489 _AN-CFQA6AAWFT 9206 17 FT 17 JUN 92 / US figures point to sustained recovery By MICHAEL PROWSE WASHINGTO N A SHARP rebound in housing starts and a solid increase in industrial production were yesterday seen as encouraging signs that the U S economic recovery will be sustained through the summer. Industrial output rose 0.6 per cent in May, to register its fourth consecutive monthly increas e. Housing starts jumped 11 per cent, making good much of an erratic 17 per cent decline in April. 'The recovery is on track and gaining momentum, but s till remains about half-speed relative to previous upturns,' said Mr David L ittmann, senior economist at Manufacturers National Corp, a Detroit bank. Th e main factor driving the recovery was the Federal Reserve's 'very stimulati ve' monetary policy. Doubts about the recovery's momentum had been raised by reports in the past 10 days showing weaker-than-expected retail sales and e mployment last month. The mixed pattern of statistics, however, is character istic of a sluggish economic recovery, in which different sectors advance at differing speeds. Housing starts are running at a seasonally adjusted annua l rate of 1.23m, roughly in line with the average rate for the first quarter . In the first five months of this year, starts were 28 per cent higher than in the same period last year. The housing recovery was broadly based, affec ting all types of residential structures and all regions. Building permits, a guide to future trends, dropped slightly last month. The rise in industria l output last month was led by increased production of cars, light trucks an d other durable consumer goods. Production is now running 2.2 per cent highe r than in May last year. Separate figures yesterday indicated that the US cu rrent account deficit fell to Dollars 5.3bn (Pounds 2.9bn) in the first quar ter, against Dollars 7.2bn in the final three months of last year. The impro vement reflected lower oil prices, higher receipts from tourism and increase d earnings on overseas assets. The Financial Times London Page 6 ============= Transaction # 128 ============================================== Transaction #: 128 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 50 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT922-4619 _AN-CFDA4AEIFT 9206 04 FT 04 JUN 92 / Rise in number of foreign tourists A TOTAL of 220,000 north Americans visited the UK in March the second-highest March figure ever. The total num ber of overseas visitors in the first three months of the year was 3.2m, a 1 4 per cent increase on the first quarter of last year, when tourism was hit by the Gulf war. The visitors who came in the first quarter spent Pounds 1.3 bn - also 14 per cent up on the same period last year. The Fina ncial Times London Page 10 ============= Transaction # 129 ============================================== Transaction #: 129 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 50 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT922-4619 _AN-CFDA4AEIFT 9206 04 FT 04 JUN 92 / Rise in number of foreign tourists A TOTAL of 220,000 north Americans visited the UK in March the second-highest March figure ever. The total num ber of overseas visitors in the first three months of the year was 3.2m, a 1 4 per cent increase on the first quarter of last year, when tourism was hit by the Gulf war. The visitors who came in the first quarter spent Pounds 1.3 bn - also 14 per cent up on the same period last year. The Fina ncial Times London Page 10 ============= Transaction # 130 ============================================== Transaction #: 130 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 48 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT922-2489 _AN-CFQA6AAWFT 9206 17 FT 17 JUN 92 / US figures point to sustained recovery By MICHAEL PROWSE WASHINGTO N A SHARP rebound in housing starts and a solid increase in industrial production were yesterday seen as encouraging signs that the U S economic recovery will be sustained through the summer. Industrial output rose 0.6 per cent in May, to register its fourth consecutive monthly increas e. Housing starts jumped 11 per cent, making good much of an erratic 17 per cent decline in April. 'The recovery is on track and gaining momentum, but s till remains about half-speed relative to previous upturns,' said Mr David L ittmann, senior economist at Manufacturers National Corp, a Detroit bank. Th e main factor driving the recovery was the Federal Reserve's 'very stimulati ve' monetary policy. Doubts about the recovery's momentum had been raised by reports in the past 10 days showing weaker-than-expected retail sales and e mployment last month. The mixed pattern of statistics, however, is character istic of a sluggish economic recovery, in which different sectors advance at differing speeds. Housing starts are running at a seasonally adjusted annua l rate of 1.23m, roughly in line with the average rate for the first quarter . In the first five months of this year, starts were 28 per cent higher than in the same period last year. The housing recovery was broadly based, affec ting all types of residential structures and all regions. Building permits, a guide to future trends, dropped slightly last month. The rise in industria l output last month was led by increased production of cars, light trucks an d other durable consumer goods. Production is now running 2.2 per cent highe r than in May last year. Separate figures yesterday indicated that the US cu rrent account deficit fell to Dollars 5.3bn (Pounds 2.9bn) in the first quar ter, against Dollars 7.2bn in the final three months of last year. The impro vement reflected lower oil prices, higher receipts from tourism and increase d earnings on overseas assets. The Financial Times London Page 6 ============= Transaction # 131 ============================================== Transaction #: 131 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 50 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT922-4619 _AN-CFDA4AEIFT 9206 04 FT 04 JUN 92 / Rise in number of foreign tourists A TOTAL of 220,000 north Americans visited the UK in March the second-highest March figure ever. The total num ber of overseas visitors in the first three months of the year was 3.2m, a 1 4 per cent increase on the first quarter of last year, when tourism was hit by the Gulf war. The visitors who came in the first quarter spent Pounds 1.3 bn - also 14 per cent up on the same period last year. The Fina ncial Times London Page 10 ============= Transaction # 132 ============================================== Transaction #: 132 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 53 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-279 _AN-CL2BCAB6FT 92122 9 FT 29 DEC 92 / Japan current account surplus tops Doll ars 106bn By ROBERT THOMSON TOKYO JAPAN'S current account surplus in November rose 48 per cent from a year earlier to Dollars 10.4bn (Pounds 6.8bn) bringing the cumulative total so far this year to Dollars 106.2bn, the first time it has topped Dollars 100bn. The government expects the surplus to go on rising in coming months, overshadowing the previous yearly record of Dollars 87bn in 1 987 and possibly prompting an increase in trade tension with the US and Euro pean Community. Finance ministry officials said the surge in the surplus las t month was caused by a fall in demand for imports (down 5.7 per cent) and a n unusually large Dollars 1.1bn surplus in invisible items, which resulted f rom a decline in the travel account deficit and an increase in the investmen t account surplus. The travel account deficit has fallen for three consecuti ve months because of a decrease in tourism departures, a side-effect of the economic downturn, while Japanese companies are thought to be repatriating a n increasing amount of their returns on foreign investment. In the long-term capital account, foreigners' net sales of Japanese shares were Dollars 1.48 bn during the month, compared with net sales of Dollars 86m in October. Net purchases of Japanese bonds were Dollars 1.5bn, a sharp turnround from net s ales of Dollars 3.6bn the previous month. Net Japanese purchases of foreign stocks totalled Dollars 994m, compared with Dollars 761m in October. The ove rall balance of payments showed a surplus of Dollars 149m, compared with Dol lars 12.6bn in the same month last year. Leadership tussle, Page 3 Japanese stocks, Page 27 The Financial Times London Page 1 2 ============= Transaction # 133 ============================================== Transaction #: 133 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 134 ============================================== Transaction #: 134 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 60 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-16479 _AN-EJMDEAC6FT 941 013 FT 13 OCT 94 / Survey of Bulgaria (7): Western visit ors lead the way - Theodor Troev finds that prospects for the tourist indust ry are picking up By THEODOR TROEV The Russians are back, enjoying their holidays in some of the best resorts a long Bulgaria's sandy Black Sea coast - not shepherded in large groups as th ey were under the communist regime, but strolling around with the self-confi dence of big spenders. 'Now everybody wants to attract Russians,' says Dotko Dotkov, general director of Grand Hotel Varna, Bulgaria's only five-star ho tel on the Black Sea, and the first to be privatised earlier this year. Iron ically, it is often German tour companies that are bringing the Russians bac k. Big operators, such as TUI, have become aware of the reviving market in w hat was for decades the Riviera of the former Eastern bloc and their branch offices in Russia - better organised than local competitors - have been more successful than most in selling Bulgarian holidays. But the recent increase in arrivals from the east has not yet reversed a trend which began after th e collapse of communism. Until then, Bulgaria had been forced into the lower end of the mass tourism market with cheap package holidays in block-like ho tels. More than 60 per cent of tourists then came from Eastern bloc countrie s. Since 1990, the number of Russian and east European visitors has dropped to less than 15 per cent of the total while western markets have picked up. The number of travellers from western Europe grew by 28 per cent last year w hen the overall number of visitors rose to 2.4m from 872,000 in 1992. Most o f these come from Germany (with a market share of more than 40 per cent) and Britain (with a market share of more than 25 per cent) followed by Norway, Greece, the Netherlands, Sweden and Denmark. No official figures are availab le for this year but there is strong visual evidence of a sharp rise after a slow start. The main state-owned tour operators, Balkantourist whose name u ntil 1990 was synonymous with the country's travel industry, and Balkan Holi days, with subsidiaries in 17 countries, have reported increased demand thro ughout the season. Seaside and mountain resorts, which have started negotiat ing directly with foreign partners, as well as most private operators, also report a steady flow of business. Tourism managers have started to pay more attention to the long-term image of the country and managed to prevent doubl e-booking this summer. Last year, Bulgaria received bad publicity when some customers of Balkan Holidays, the main agency for the UK, arrived on the Bla ck Sea to find their rooms occupied by higher-paying German visitors. Proble ms of this sort are not uncommon at a time when Bulgaria's travel industry i s trying to make the bold step from state ownership to free market and priva te initiative. The first steps led to chaos, largely due to the lack of a cl ear tourism policy and the power struggle between institutions such as the C ommittee of Tourism, the Privatisation Agency, and the still powerful manage rs of state-owned resorts and hotels. Western consultants who have looked in to Bulgaria's leisure industry identify drawbacks such as poor quality of se rvice and infrastructure, some unsafe hotels and inhospitable airports. Only 6 per cent of the country's high class hotels were estimated to meet Europe an standards. Substantial investment will be needed to upgrade them and attr act a more up-market clientele. But officials are optimistic about the long- term potential of the industry. The country is only just starting to promote its wealth of Thracian, Roman and Byzantine remains, monasteries and mounta ins. Apart from cheap summer seaside or winter skiing packages, Bulgarian to ur operators can also offer special interest tours, focusing on traditional architecture, history, religion, arts, hunting and rural tourism. Picturesqu e little towns on the Black Sea such as Nessebur and Sozopol, built over anc ient Thracian and Greek ports, now offer holidays in residents' houses match ing Greek islands-style vacations. Untapped opportunities also exist in spa treatment, motor touring and green tourism, as well as in conference travel. Countries:- BGZ Bulgaria, East Europe. I ndustries:- P7999 Amusement and Recreation, NEC. Types: - CMMT Comment & Analysis. MKTS Market shares. Th e Financial Times London Page 15 ============= Transaction # 135 ============================================== Transaction #: 135 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 136 ============================================== Transaction #: 136 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 76 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT931-4214 _AN-DCLBZAHVFT 9303 11 FT 11 MAR 93 / World Trade News: Facility to boost E Europe travel By DAVID DODWELL, World Trade Editor < /BYLINE> A MULTI-MILLION dollar facility to stimulate tourism in cent ral and eastern Europe is being launched this week by the European Bank for Reconstruction and Development, in collaboration with the World Travel and T ourism Council. The facility will be made up of three parts: a fund for infr astructure projects linked with stimulating travel and tourism; a fund for p rivate sector tourism projects such as hotels and holiday resorts; a third, smaller, tranche for consultants commissioned to make feasibility studies. E BRD funds will be matched by private sector investment 'in the form of know- how and expertise,' said Mr James D. Robinson, WTTC chairman. Travel and tou rism in the region have been badly hit lately. Earnings fell more than 8 per cent between 1989 and 1990, the last year for which the WTTC has data. Capi tal investment in the region's travel and tourism is projected to fall from Dollars 76bn in 1990 to Dollars 65bn (Pounds 45.7bn) this year. Companies:- European Bank for Reconstruction and Development. Countries:- XLZ East Europe. Industries:- P7011 Hotels and Motels. P7999 Amusement and Recreation, NEC. P4725 Tour Operators. Types:- MKTS Shipments. RES Capital expenditures. The Financial Times Internat ional Page 6 ============= Transaction # 137 ============================================== Transaction #: 137 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 78 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT931-1895 _AN-DCXAWAE9FT 9303 23 FT 23 MAR 93 / Greek current account gap wider despit e rise in tourism By KERIN HOPE ATHENS GREECE'S current account deficit widened by 33 .4 per cent to Dollars 2.03bn (Pounds 1.42bn) last year, despite a marked in crease in tourism earnings and high levels of European Community transfers. The trade deficit worsened by 12.5 per cent, to Dollars 13.84bn, with export earnings covering less than one-third of import payments. According to cent ral bank officials, the larger-than-expected deficit reflected the effects o f last autumn's upheaval on European currency markets. The government had fo recast a current account shortfall of Dollars 1.6bn for 1992, based on reduc ed growth in imports as economic stabilisation continued. Imports jumped sha rply in October in response to fears that the drachma would be devalued, whi le foreign currency inflows were held back. Imports totalled Dollars 19.85bn in 1992, a 3.9 per cent rise. The government's strong drachma policy, tying the currency to the D-Mark, is blamed for an 11.6 per cent decline in expor t earnings to Dollars 6.01bn. Greek products grew less competitive towards t he end of 1992 after the lira and peseta were devalued. However, the invisib les surplus improved by 9.5 per cent last year, thanks to a record number of tourist arrivals. Receipts from tourism, still Greece's biggest single sour ce of foreign exchange earnings, surged by 27.3 per cent to Dollars 3.27bn. Remittances from Greeks living abroad rose more slowly, by 9.5 per cent to D ollars 2.37bn. EC transfers remained steady at Dollars 4.06bn, equivalent to almost 5 per cent of Greece's gross domestic product. While two-thirds of G reek income from the Community covers support payments to farmers, the gover nment has grown more efficient at tapping EC structural funds, drawing down more than 90 per cent of available funding last year. Countries :- GRZ Greece, EC. Industries:- P9611 Admini stration of General Economic Programs. Types:- ECON Ba lance of trade. The Financial Times London Page 3 < /PAGE> ============= Transaction # 138 ============================================== Transaction #: 138 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 54709 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 139 ============================================== Transaction #: 139 Transaction Code: 12 (Record Relevance Feedback) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:51:13 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 16:51:13 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind Default:13,18,20,24,29,30,33,35,47,48,50,53,60,78 ============= Transaction # 140 ============================================== Transaction #: 140 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 210158 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 141 ============================================== Transaction #: 141 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-1609 _AN-ELSDLAFKFT 9412 19 FT 19 DEC 94 / Survey of Sweden (7): Growing rapidly - Tourism By KAREN FOSSLI Tourism i s one of Sweden's fastest-growing sectors and, although the trade is relativ ely young, ranks as the country's third-largest industry, generating annual turnover of an estimated SKr98bn of which SKr21bn is derived from foreign to urists. The attraction of Sweden has to be, among many things, the country's unspoilt environment and alluring scenery comprising 60,000 islands, 90,000 lakes, a 4,725-mile coastline and endless forests. There are also 350 museu ms in the country and a wide variety of special events throughout the year. The tourist industry peaked in 1989 when turnover hit SKr100bn, but nose-div ed by nearly SKr80bn during 1990-91 when the then Social Democratic governme nt led by Mr Ingvar Carlsson, increased value added tax on tourism to 25 per cent in two stages. The VAT increase coincided with the onset of the deepes t recession to hit Sweden since the second world war. But the industry recov ered during 1991-93 after a new conservative Moderate government, led by Mr Carl Bildt, reorganised the marketing of tourism and cut VAT to 12 per cent. These factors were aided by the start of a recovery in the economy which be gan at the end of 1993. Nevertheless, even after the rate cut, Sweden's VAT remains significantly higher than the European average. The Swedes argue vig orously that prices in their country have become competitive with the rest o f Europe while a main priority of marketing seeks to dispel 'the myth' that Sweden is far too expensive to be considered a holiday destination by more t han just the elite. 'Surveys show that many foreigners still believe that Sw eden is too expensive. Heavy resources are therefore being invested in marke ting Sweden abroad,' the Swedish Trade Council said in its 1994 annual repor t on the country. In the first nine months of this year, the number of overn ight stays in Swedish hotels by foreigners rose 13 per cent compared with th e year-earlier period, and industry executives are predicting that 1994 will be a record year in terms of growth. Last year, foreigners' overnight stays alone reached 6.1m. During the first nine months of 1994, Dutch and Danish tourists accounted for the highest growth rate in overnight stays in percent age terms, rising respectively 25 per cent and 26 per cent while US visitors rose by 14 per cent. German tourists, the largest group of foreign visitors to Sweden, increased their overnight stays by 13 per cent and UK tourists 1 1 per cent. Another indication of the strength of this year's activity is a forecast rise in the number of cruise ship passengers calling on Stockholm a lone. It is estimated that international cruise ships will make 125 visits t o the capital city this year, carrying a total of 70,000 passengers, represe nting an increase of 10,000 passengers over 1993. Mr Per-Johann Orrby, presi dent of Next Stop Sweden (NSS), the Swedish Travel and Tourist Council, attr ibutes the rise in tourism's fortunes partly to Sweden's attractive prices - in foreign currency terms - since the krona was devalued by nearly 30 per c ent in 1992. The reduction of VAT and a slight recovery of the economy are a lso considered significant. NSS reckons that sterling buys 15 per cent more in Sweden since the devaluation, while the purchasing power of the US dollar has risen 18 per cent and the German mark 30 per cent. But the Swedes proba bly also have their next-door Nordic neighbours to thank for foreign interes t, following Norway's success in arranging the Winter Olympics earlier this year. For more than two weeks in February, hours and hours of pristine, sunl it 'Scandinavian' winter images were broadcast worldwide from Lillehammer in Norway. Such coverage undoubtedly had a spill-over affect for Sweden and mu st have improved the country's standing as a tourist destination. The Olympi cs boosted Norway's tourist industry by as much as 5 per cent this year but it would be difficult to quantify the effect it had on Swedish tourism. Acco rding to Mr Jan Brannstrom, managing director of Image Sweden, the state-bac ked agency which promotes Sweden internationally, recent studies revealed th at about half the foreign tourists visiting Sweden do so as part of a Scandi navian tour. But, he said, there were no plans for a joint Scandinavian tour ism marketing effort and, in the long-run, he saw few, if any, benefits from such a scheme. Another important factor which has undoubtedly lifted the aw areness of Sweden abroad is the apparent success of the big overhaul of the organisational structure of marketing services for tourism. The Swedish Tour ist Board was dismantled and Image Sweden established together with NSS. Ima ge Sweden purchases marketing services from NSS for an estimated NKr60m annu ally. Countries:- SEZ Sweden, West Europe. Industries:- P9611 Administration of General Economic Programs. Types:- CMMT Comment & Analysis. The Financ ial Times London Page IV ============= Transaction # 142 ============================================== Transaction #: 142 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-44 _AN-EI3DUAHVFT 940930 FT 30 SEP 94 / Survey of World Economy and Finance - In dustry (28): A powerhouse of revenue - Tourism / Developing countries are co ttoning on By RICHARD GORDON At a r ecent tourism conference, held on a Thames river boat in London, Stephen Dor rell, the UK heritage secretary, told a group of tourism leaders that Britai n needs to regain its declining share of the growing global tourism market. At that moment, a London red bus, emblazoned with a sign inviting Londoners to 'Visit Korea in 1994', thundered overhead on Vauxhall Bridge. The problem for Britain, and other traditional tourist destinations, is that the rest o f the world has cottoned on to tourism. As the biggest growth industry, empl oyer and source of revenue around the world, many developing countries have realised a quicker way to buy into first world affluence is by boosting thei r tourism potential rather then by selling tractors, bananas and rice. Globa l tourism, according to the World Travel & Tourism Council, will double in s ize between 1990 and 2005. The market has been growing by 5 per cent a year in real terms since 1970. In 1993, the global tourism industry generated USD ollars 3,400bn in gross output, produced 10.1 per cent of GDP, and accounted for 10.5 per cent of all jobs. The Council says governments cannot afford t o ignore the industry's role as an economic powerhouse and should make it a strategic development priority. The sheer size of the global industry has aw akened many multinational companies to the possibilities of global brands an d market dominance. As airlines form international networks and alliances, s o, too, travel agents, hotel brands and car hire firms are banding together. Several companies have already made the first moves towards serving the glo bal tourism marketplace. The US travel agent Carlson, together with its Euro pean counterpart Wagonlit, is now the world's largest travel agent, with 4,0 00 units. Carlson also wants to be the world's largest hotel brand using its Radisson name. American Express is about to buy a large chunk of Thomas Coo k's travel agency business in North America, the largest tourism market The only areas not targeted by the global brands are the Middle East and Asia, w here international arrivals in East Asia and the Pacific grew four times fas ter than the world average in 1993, reaching a record of 69m visitors. While arrivals were up by 12.6 per cent, revenue grew by 15.2 per cent to USDolla rs 52.6bn. The World Tourism Organisation forecasts 101m arrivals in East As ia and the Pacific by 2000, and 190m by 2010. However, this growth may be co nstrained by a shortage of human resources, the health and safety of tourist s, environmental concerns, under-developed infrastructure and local resident s' unease over the number of tourists. But global tourism growth makes it cl ear why the UK annual tourism revenue growth of 5.7 per cent has caused a gr eat deal of hand wringing within certain UK tourism industry circles. Robert Peel, chairman and chief executive of UK hotel company Mount Charlotte Inve stments, says the world tourism market is all about value for money. 'There is a distinct relationship between prices and volume in world tourism. To ge t more tourists to the UK we have to make it worth their while to come here. The foreign exchange rate is a big factor in the equation. The UK is now 20 per cent better value for foreign tourists than two years ago.' But the UK is facing tough competition in the international marketplace. For example, M exico, Australia and the Caribbean island of Aruba each spend more on touris m promotion in the US than the UK does. The biggest expense of any tourism d estination is advertising and promotion. In 1993, national governments spent USDollars 1.4bn selling themselves to the tourists. Apart from advertising, other factors such as investment in tourism infrastructure, new airline rou tes and political stability influence the international tourists' holiday de cision. One of the most important issues impacting the MIddle East is the pr esent peace negotiations between Israel, the PLO, Jordan and Syria. The lack of peace in the region has been a principal reason for the limited number o f tourist arrivals. As a whole, the Middle East in its best year of 1992 att racted only 2 per cent of the world's tourist arrivals or 9m visitors, compa red to Greece which also attracted 9m. Israel stands to benefit the most in terms of tourism from the recent peace process. Tourist arrivals in Israel r eached a record level of 1.65m last year. Lasting peace in the region would create a vast influx of business and leisure tourists in Israel. Jordan, Leb anon, and Syria could also expect to see a sizeable increase in tourism. Vie tnam is the latest fashionable destination for tourists. There has been huge growth in tourism to Vietnam, but the figures are relatively small. Most vi sitors are business people as tourist visas are hard to obtain. Foreign inve stment in Vietnam in the first quarter of this year jumped by 58 per cent co mpared to the same period last year. Between 1988 and 1990, most projects in volving foreign money were in the hotel and oil sectors. The total amount of foreign investment in 1994 is expected to reach USDollars 3.5bn, of which 7 0 per cent is in joint ventures. The emergence and acceptability of Vietnam was confirmed recently when British Airways announced that it is negotiating to operate two flights per week from London to Ho Chi Minh City. Robert Bur ns, chairman of the World Travel & Tourism Council, believes Shanghai will e merge in 10 years as the most important Asian city. A new airport, which cou ld handle 150 landings an hour, is being built. Hotels in Shanghai are opera ting at near capacity and room rates are rocketing. As Mr Burns pointed out, Japan now has a policy, the result of a balance of trade problem, that 20 p er cent of its population should travel abroad by 2010. If China ever had ju st two 2 per cent of its population travelling overseas, the rest of the wor ld would be inundated with Chinese tourists. Countries:- GBZ United Kingdom, EC. XAZ World. Industries:- < IN>P9611 Administration of General Economic Programs. P7999 Amusement an d Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Page XVI ============= Transaction # 143 ============================================== Transaction #: 143 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-44 _AN-EI3DUAHVFT 940930 FT 30 SEP 94 / Survey of World Economy and Finance - In dustry (28): A powerhouse of revenue - Tourism / Developing countries are co ttoning on By RICHARD GORDON At a r ecent tourism conference, held on a Thames river boat in London, Stephen Dor rell, the UK heritage secretary, told a group of tourism leaders that Britai n needs to regain its declining share of the growing global tourism market. At that moment, a London red bus, emblazoned with a sign inviting Londoners to 'Visit Korea in 1994', thundered overhead on Vauxhall Bridge. The problem for Britain, and other traditional tourist destinations, is that the rest o f the world has cottoned on to tourism. As the biggest growth industry, empl oyer and source of revenue around the world, many developing countries have realised a quicker way to buy into first world affluence is by boosting thei r tourism potential rather then by selling tractors, bananas and rice. Globa l tourism, according to the World Travel & Tourism Council, will double in s ize between 1990 and 2005. The market has been growing by 5 per cent a year in real terms since 1970. In 1993, the global tourism industry generated USD ollars 3,400bn in gross output, produced 10.1 per cent of GDP, and accounted for 10.5 per cent of all jobs. The Council says governments cannot afford t o ignore the industry's role as an economic powerhouse and should make it a strategic development priority. The sheer size of the global industry has aw akened many multinational companies to the possibilities of global brands an d market dominance. As airlines form international networks and alliances, s o, too, travel agents, hotel brands and car hire firms are banding together. Several companies have already made the first moves towards serving the glo bal tourism marketplace. The US travel agent Carlson, together with its Euro pean counterpart Wagonlit, is now the world's largest travel agent, with 4,0 00 units. Carlson also wants to be the world's largest hotel brand using its Radisson name. American Express is about to buy a large chunk of Thomas Coo k's travel agency business in North America, the largest tourism market The only areas not targeted by the global brands are the Middle East and Asia, w here international arrivals in East Asia and the Pacific grew four times fas ter than the world average in 1993, reaching a record of 69m visitors. While arrivals were up by 12.6 per cent, revenue grew by 15.2 per cent to USDolla rs 52.6bn. The World Tourism Organisation forecasts 101m arrivals in East As ia and the Pacific by 2000, and 190m by 2010. However, this growth may be co nstrained by a shortage of human resources, the health and safety of tourist s, environmental concerns, under-developed infrastructure and local resident s' unease over the number of tourists. But global tourism growth makes it cl ear why the UK annual tourism revenue growth of 5.7 per cent has caused a gr eat deal of hand wringing within certain UK tourism industry circles. Robert Peel, chairman and chief executive of UK hotel company Mount Charlotte Inve stments, says the world tourism market is all about value for money. 'There is a distinct relationship between prices and volume in world tourism. To ge t more tourists to the UK we have to make it worth their while to come here. The foreign exchange rate is a big factor in the equation. The UK is now 20 per cent better value for foreign tourists than two years ago.' But the UK is facing tough competition in the international marketplace. For example, M exico, Australia and the Caribbean island of Aruba each spend more on touris m promotion in the US than the UK does. The biggest expense of any tourism d estination is advertising and promotion. In 1993, national governments spent USDollars 1.4bn selling themselves to the tourists. Apart from advertising, other factors such as investment in tourism infrastructure, new airline rou tes and political stability influence the international tourists' holiday de cision. One of the most important issues impacting the MIddle East is the pr esent peace negotiations between Israel, the PLO, Jordan and Syria. The lack of peace in the region has been a principal reason for the limited number o f tourist arrivals. As a whole, the Middle East in its best year of 1992 att racted only 2 per cent of the world's tourist arrivals or 9m visitors, compa red to Greece which also attracted 9m. Israel stands to benefit the most in terms of tourism from the recent peace process. Tourist arrivals in Israel r eached a record level of 1.65m last year. Lasting peace in the region would create a vast influx of business and leisure tourists in Israel. Jordan, Leb anon, and Syria could also expect to see a sizeable increase in tourism. Vie tnam is the latest fashionable destination for tourists. There has been huge growth in tourism to Vietnam, but the figures are relatively small. Most vi sitors are business people as tourist visas are hard to obtain. Foreign inve stment in Vietnam in the first quarter of this year jumped by 58 per cent co mpared to the same period last year. Between 1988 and 1990, most projects in volving foreign money were in the hotel and oil sectors. The total amount of foreign investment in 1994 is expected to reach USDollars 3.5bn, of which 7 0 per cent is in joint ventures. The emergence and acceptability of Vietnam was confirmed recently when British Airways announced that it is negotiating to operate two flights per week from London to Ho Chi Minh City. Robert Bur ns, chairman of the World Travel & Tourism Council, believes Shanghai will e merge in 10 years as the most important Asian city. A new airport, which cou ld handle 150 landings an hour, is being built. Hotels in Shanghai are opera ting at near capacity and room rates are rocketing. As Mr Burns pointed out, Japan now has a policy, the result of a balance of trade problem, that 20 p er cent of its population should travel abroad by 2010. If China ever had ju st two 2 per cent of its population travelling overseas, the rest of the wor ld would be inundated with Chinese tourists. Countries:- GBZ United Kingdom, EC. XAZ World. Industries:- < IN>P9611 Administration of General Economic Programs. P7999 Amusement an d Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Page XVI ============= Transaction # 144 ============================================== Transaction #: 144 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-1609 _AN-ELSDLAFKFT 9412 19 FT 19 DEC 94 / Survey of Sweden (7): Growing rapidly - Tourism By KAREN FOSSLI Tourism i s one of Sweden's fastest-growing sectors and, although the trade is relativ ely young, ranks as the country's third-largest industry, generating annual turnover of an estimated SKr98bn of which SKr21bn is derived from foreign to urists. The attraction of Sweden has to be, among many things, the country's unspoilt environment and alluring scenery comprising 60,000 islands, 90,000 lakes, a 4,725-mile coastline and endless forests. There are also 350 museu ms in the country and a wide variety of special events throughout the year. The tourist industry peaked in 1989 when turnover hit SKr100bn, but nose-div ed by nearly SKr80bn during 1990-91 when the then Social Democratic governme nt led by Mr Ingvar Carlsson, increased value added tax on tourism to 25 per cent in two stages. The VAT increase coincided with the onset of the deepes t recession to hit Sweden since the second world war. But the industry recov ered during 1991-93 after a new conservative Moderate government, led by Mr Carl Bildt, reorganised the marketing of tourism and cut VAT to 12 per cent. These factors were aided by the start of a recovery in the economy which be gan at the end of 1993. Nevertheless, even after the rate cut, Sweden's VAT remains significantly higher than the European average. The Swedes argue vig orously that prices in their country have become competitive with the rest o f Europe while a main priority of marketing seeks to dispel 'the myth' that Sweden is far too expensive to be considered a holiday destination by more t han just the elite. 'Surveys show that many foreigners still believe that Sw eden is too expensive. Heavy resources are therefore being invested in marke ting Sweden abroad,' the Swedish Trade Council said in its 1994 annual repor t on the country. In the first nine months of this year, the number of overn ight stays in Swedish hotels by foreigners rose 13 per cent compared with th e year-earlier period, and industry executives are predicting that 1994 will be a record year in terms of growth. Last year, foreigners' overnight stays alone reached 6.1m. During the first nine months of 1994, Dutch and Danish tourists accounted for the highest growth rate in overnight stays in percent age terms, rising respectively 25 per cent and 26 per cent while US visitors rose by 14 per cent. German tourists, the largest group of foreign visitors to Sweden, increased their overnight stays by 13 per cent and UK tourists 1 1 per cent. Another indication of the strength of this year's activity is a forecast rise in the number of cruise ship passengers calling on Stockholm a lone. It is estimated that international cruise ships will make 125 visits t o the capital city this year, carrying a total of 70,000 passengers, represe nting an increase of 10,000 passengers over 1993. Mr Per-Johann Orrby, presi dent of Next Stop Sweden (NSS), the Swedish Travel and Tourist Council, attr ibutes the rise in tourism's fortunes partly to Sweden's attractive prices - in foreign currency terms - since the krona was devalued by nearly 30 per c ent in 1992. The reduction of VAT and a slight recovery of the economy are a lso considered significant. NSS reckons that sterling buys 15 per cent more in Sweden since the devaluation, while the purchasing power of the US dollar has risen 18 per cent and the German mark 30 per cent. But the Swedes proba bly also have their next-door Nordic neighbours to thank for foreign interes t, following Norway's success in arranging the Winter Olympics earlier this year. For more than two weeks in February, hours and hours of pristine, sunl it 'Scandinavian' winter images were broadcast worldwide from Lillehammer in Norway. Such coverage undoubtedly had a spill-over affect for Sweden and mu st have improved the country's standing as a tourist destination. The Olympi cs boosted Norway's tourist industry by as much as 5 per cent this year but it would be difficult to quantify the effect it had on Swedish tourism. Acco rding to Mr Jan Brannstrom, managing director of Image Sweden, the state-bac ked agency which promotes Sweden internationally, recent studies revealed th at about half the foreign tourists visiting Sweden do so as part of a Scandi navian tour. But, he said, there were no plans for a joint Scandinavian tour ism marketing effort and, in the long-run, he saw few, if any, benefits from such a scheme. Another important factor which has undoubtedly lifted the aw areness of Sweden abroad is the apparent success of the big overhaul of the organisational structure of marketing services for tourism. The Swedish Tour ist Board was dismantled and Image Sweden established together with NSS. Ima ge Sweden purchases marketing services from NSS for an estimated NKr60m annu ally. Countries:- SEZ Sweden, West Europe. Industries:- P9611 Administration of General Economic Programs. Types:- CMMT Comment & Analysis. The Financ ial Times London Page IV ============= Transaction # 145 ============================================== Transaction #: 145 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-44 _AN-EI3DUAHVFT 940930 FT 30 SEP 94 / Survey of World Economy and Finance - In dustry (28): A powerhouse of revenue - Tourism / Developing countries are co ttoning on By RICHARD GORDON At a r ecent tourism conference, held on a Thames river boat in London, Stephen Dor rell, the UK heritage secretary, told a group of tourism leaders that Britai n needs to regain its declining share of the growing global tourism market. At that moment, a London red bus, emblazoned with a sign inviting Londoners to 'Visit Korea in 1994', thundered overhead on Vauxhall Bridge. The problem for Britain, and other traditional tourist destinations, is that the rest o f the world has cottoned on to tourism. As the biggest growth industry, empl oyer and source of revenue around the world, many developing countries have realised a quicker way to buy into first world affluence is by boosting thei r tourism potential rather then by selling tractors, bananas and rice. Globa l tourism, according to the World Travel & Tourism Council, will double in s ize between 1990 and 2005. The market has been growing by 5 per cent a year in real terms since 1970. In 1993, the global tourism industry generated USD ollars 3,400bn in gross output, produced 10.1 per cent of GDP, and accounted for 10.5 per cent of all jobs. The Council says governments cannot afford t o ignore the industry's role as an economic powerhouse and should make it a strategic development priority. The sheer size of the global industry has aw akened many multinational companies to the possibilities of global brands an d market dominance. As airlines form international networks and alliances, s o, too, travel agents, hotel brands and car hire firms are banding together. Several companies have already made the first moves towards serving the glo bal tourism marketplace. The US travel agent Carlson, together with its Euro pean counterpart Wagonlit, is now the world's largest travel agent, with 4,0 00 units. Carlson also wants to be the world's largest hotel brand using its Radisson name. American Express is about to buy a large chunk of Thomas Coo k's travel agency business in North America, the largest tourism market The only areas not targeted by the global brands are the Middle East and Asia, w here international arrivals in East Asia and the Pacific grew four times fas ter than the world average in 1993, reaching a record of 69m visitors. While arrivals were up by 12.6 per cent, revenue grew by 15.2 per cent to USDolla rs 52.6bn. The World Tourism Organisation forecasts 101m arrivals in East As ia and the Pacific by 2000, and 190m by 2010. However, this growth may be co nstrained by a shortage of human resources, the health and safety of tourist s, environmental concerns, under-developed infrastructure and local resident s' unease over the number of tourists. But global tourism growth makes it cl ear why the UK annual tourism revenue growth of 5.7 per cent has caused a gr eat deal of hand wringing within certain UK tourism industry circles. Robert Peel, chairman and chief executive of UK hotel company Mount Charlotte Inve stments, says the world tourism market is all about value for money. 'There is a distinct relationship between prices and volume in world tourism. To ge t more tourists to the UK we have to make it worth their while to come here. The foreign exchange rate is a big factor in the equation. The UK is now 20 per cent better value for foreign tourists than two years ago.' But the UK is facing tough competition in the international marketplace. For example, M exico, Australia and the Caribbean island of Aruba each spend more on touris m promotion in the US than the UK does. The biggest expense of any tourism d estination is advertising and promotion. In 1993, national governments spent USDollars 1.4bn selling themselves to the tourists. Apart from advertising, other factors such as investment in tourism infrastructure, new airline rou tes and political stability influence the international tourists' holiday de cision. One of the most important issues impacting the MIddle East is the pr esent peace negotiations between Israel, the PLO, Jordan and Syria. The lack of peace in the region has been a principal reason for the limited number o f tourist arrivals. As a whole, the Middle East in its best year of 1992 att racted only 2 per cent of the world's tourist arrivals or 9m visitors, compa red to Greece which also attracted 9m. Israel stands to benefit the most in terms of tourism from the recent peace process. Tourist arrivals in Israel r eached a record level of 1.65m last year. Lasting peace in the region would create a vast influx of business and leisure tourists in Israel. Jordan, Leb anon, and Syria could also expect to see a sizeable increase in tourism. Vie tnam is the latest fashionable destination for tourists. There has been huge growth in tourism to Vietnam, but the figures are relatively small. Most vi sitors are business people as tourist visas are hard to obtain. Foreign inve stment in Vietnam in the first quarter of this year jumped by 58 per cent co mpared to the same period last year. Between 1988 and 1990, most projects in volving foreign money were in the hotel and oil sectors. The total amount of foreign investment in 1994 is expected to reach USDollars 3.5bn, of which 7 0 per cent is in joint ventures. The emergence and acceptability of Vietnam was confirmed recently when British Airways announced that it is negotiating to operate two flights per week from London to Ho Chi Minh City. Robert Bur ns, chairman of the World Travel & Tourism Council, believes Shanghai will e merge in 10 years as the most important Asian city. A new airport, which cou ld handle 150 landings an hour, is being built. Hotels in Shanghai are opera ting at near capacity and room rates are rocketing. As Mr Burns pointed out, Japan now has a policy, the result of a balance of trade problem, that 20 p er cent of its population should travel abroad by 2010. If China ever had ju st two 2 per cent of its population travelling overseas, the rest of the wor ld would be inundated with Chinese tourists. Countries:- GBZ United Kingdom, EC. XAZ World. Industries:- < IN>P9611 Administration of General Economic Programs. P7999 Amusement an d Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Page XVI ============= Transaction # 146 ============================================== Transaction #: 146 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 8 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-1803 _AN-CCWA7AACFT 9203 23 FT 23 MAR 92 / Survey of Republic of Cyprus (3): Sign s of overheating - The economy By KERIN HOPE THE unofficial indicators of prosperity in eastern Mediterranean c ountries - weekend traffic jams, supermarkets filled with well-groomed shopp ers and crowded seaside restaurants - are much in evidence in Cyprus. A heav y emphasis on consumer spending is one enduring consequence of the upheaval in 1974 when about 180,000 Greek Cypriots were driven from the north of the island, leaving behind hotels, factories and citrus orchards that represente d more than 60 per cent of the island's resources. Another is the Greek Cypr iot insistence on acquiring skills abroad, a reflection both of high unemplo yment in the early years of rebuilding and the sense of security derived fro m being able, if necessary, to earn a living outside the island. In fact, ec onomic recovery came swiftly in the south, with priority given to short-term infrastructure projects financed through foreign aid and borrowing. It took only five years for incomes to return to pre-1974 levels. Exports rose as n ew, labour-intensive manufacturing exploited demand in the Gulf states durin g the oil boom, while services benefited from Beirut's decline as a business centre. When mass tourism took off in the south, the growth rate also soare d, averaging more than 5 per cent in the late 1980s. However, the Gulf war d ealt the tourist industry a harsh blow last year. Although bookings picked u p as the season advanced, hoteliers were obliged to accept sharply reduced p rices to ensure occupancy rates that would cover the year's costs. Exports w ere also affected with a number of small plants dependent on orders from the Gulf being forced to shut down, while port activity at Limassol, a regional transhipment centre, slowed down. As if this were not enough to contend wit h, a severe drought hit Cyprus last winter. With little water available for irrigation despite a sustained conservation effort, agricultural output fell by 10.1 per cent. The economy grew by just 1.5 per cent in 1991. Yet this a ppears to have been only a temporary setback, according to the government pl anning bureau. Projected growth for 1992 is 7 per cent, led by a recovery in exports and what seems likely to be a record year for tourism. But as Cypru s heads into an election year, signs of overheating are emerging. Inflation reached 6 per cent last year; the introduction of value added tax this summe r may bring it to 7.5 per cent this year. While exports remained steady at C Pounds 390m in 1991, imports surged by 20 per cent as consumers launched a s pending spree in advance of VAT. This, coupled with a decline in tourism ear nings, transformed a current account surplus of CPounds 40m in 1990 into a C Pounds 110.8m deficit, equivalent to 3.8 per cent of GDP. With collective wa ge agreements in several sectors coming up for renewal this year, the unions will be asking for larger rises on top of index-linked increases twice a ye ar. Their bargaining power is enhanced by a labour shortage which has forced employers to import short-term contract workers, mostly from eastern Europe . 'Real increases of 3-4 per cent a year are standard now, and the unions ar e a militant bunch. It will be hard to restrain demand in an election year,' says one analyst. The government has little room to manoeuvre, after being forced by Parliament not only to limit VAT to a single 5 per cent rate but t o postpone its introduction for six months. In the meantime, a new tax packa ge, including across-the-board cuts in income tax, had already come into eff ect. The resulting budget deficit amounted to 5.1 per cent of GDP, double th e previous year's figure. But given the pre-electoral commitment to spending on high profile projects such as port and road improvements, the deficit is unlikely to shrink much this year. Still, whatever the imbalances in southe rn Cyprus, they pale into insignificance against the problems facing the sel f-styled Turkish Cypriot republic. The collapse in 1990 of the fruit-to-elec tronics empire of Mr Asil Nadir, a Cypriot by birth, cut short a brief perio d of optimism about the future. About 8,000 Turkish Cypriots, some 12 per ce nt of the workforce, were employed in a dozen companies he controlled in nor thern Cyprus, from citrus exporting to packaging, hotels and newspaper publi shing. With three-quarters of Mr Nadir's employees now out of work, northern Cyprus again relies heavily on aid from Turkey, amounting to more than Doll ars 60m yearly. Over the years, Turkish state banks have also financed const ruction of roads, two airports and expansion at Kyrenia port. Yet per capita income in the north is less than one-third that in internationally-recognis ed Cyprus and appears to be falling further behind. No official figures are available, but growth last year is thought to have been negative, after a 5. 5 per cent rise in 1990. While crossing the Green Line that divides Cyprus i s officially forbidden, several hundred Turkish Cypriots slip into the south daily to put in a few hours of work on a Greek Cypriot construction site. A s in the south, tourism is the mainstay of the economy, with some 600,000 vi sitors from Turkey last year but only 42,000 foreign tourists. Northern Cypr us was also hit badly by cancellations due to the Gulf crisis. This year, a 30 per cent increase in foreign arrivals is forecast, the result of more eff ective marketing in western Europe, and receipts may rise to Dollars 25m. Bu t sharing a currency with Turkey means that northern Cyprus imports a Turkis h inflation rate of more than 70 per cent. Index-linking of wages now lags s everal months behind, adding to the gloomy mood. With each year that passes, it becomes clearer that without a political settlement, the economic gap be tween Greek and Turkish Cypriots can only continue to widen. Th e Financial Times London Page II ============= Transaction # 147 ============================================== Transaction #: 147 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 8 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-1803 _AN-CCWA7AACFT 9203 23 FT 23 MAR 92 / Survey of Republic of Cyprus (3): Sign s of overheating - The economy By KERIN HOPE THE unofficial indicators of prosperity in eastern Mediterranean c ountries - weekend traffic jams, supermarkets filled with well-groomed shopp ers and crowded seaside restaurants - are much in evidence in Cyprus. A heav y emphasis on consumer spending is one enduring consequence of the upheaval in 1974 when about 180,000 Greek Cypriots were driven from the north of the island, leaving behind hotels, factories and citrus orchards that represente d more than 60 per cent of the island's resources. Another is the Greek Cypr iot insistence on acquiring skills abroad, a reflection both of high unemplo yment in the early years of rebuilding and the sense of security derived fro m being able, if necessary, to earn a living outside the island. In fact, ec onomic recovery came swiftly in the south, with priority given to short-term infrastructure projects financed through foreign aid and borrowing. It took only five years for incomes to return to pre-1974 levels. Exports rose as n ew, labour-intensive manufacturing exploited demand in the Gulf states durin g the oil boom, while services benefited from Beirut's decline as a business centre. When mass tourism took off in the south, the growth rate also soare d, averaging more than 5 per cent in the late 1980s. However, the Gulf war d ealt the tourist industry a harsh blow last year. Although bookings picked u p as the season advanced, hoteliers were obliged to accept sharply reduced p rices to ensure occupancy rates that would cover the year's costs. Exports w ere also affected with a number of small plants dependent on orders from the Gulf being forced to shut down, while port activity at Limassol, a regional transhipment centre, slowed down. As if this were not enough to contend wit h, a severe drought hit Cyprus last winter. With little water available for irrigation despite a sustained conservation effort, agricultural output fell by 10.1 per cent. The economy grew by just 1.5 per cent in 1991. Yet this a ppears to have been only a temporary setback, according to the government pl anning bureau. Projected growth for 1992 is 7 per cent, led by a recovery in exports and what seems likely to be a record year for tourism. But as Cypru s heads into an election year, signs of overheating are emerging. Inflation reached 6 per cent last year; the introduction of value added tax this summe r may bring it to 7.5 per cent this year. While exports remained steady at C Pounds 390m in 1991, imports surged by 20 per cent as consumers launched a s pending spree in advance of VAT. This, coupled with a decline in tourism ear nings, transformed a current account surplus of CPounds 40m in 1990 into a C Pounds 110.8m deficit, equivalent to 3.8 per cent of GDP. With collective wa ge agreements in several sectors coming up for renewal this year, the unions will be asking for larger rises on top of index-linked increases twice a ye ar. Their bargaining power is enhanced by a labour shortage which has forced employers to import short-term contract workers, mostly from eastern Europe . 'Real increases of 3-4 per cent a year are standard now, and the unions ar e a militant bunch. It will be hard to restrain demand in an election year,' says one analyst. The government has little room to manoeuvre, after being forced by Parliament not only to limit VAT to a single 5 per cent rate but t o postpone its introduction for six months. In the meantime, a new tax packa ge, including across-the-board cuts in income tax, had already come into eff ect. The resulting budget deficit amounted to 5.1 per cent of GDP, double th e previous year's figure. But given the pre-electoral commitment to spending on high profile projects such as port and road improvements, the deficit is unlikely to shrink much this year. Still, whatever the imbalances in southe rn Cyprus, they pale into insignificance against the problems facing the sel f-styled Turkish Cypriot republic. The collapse in 1990 of the fruit-to-elec tronics empire of Mr Asil Nadir, a Cypriot by birth, cut short a brief perio d of optimism about the future. About 8,000 Turkish Cypriots, some 12 per ce nt of the workforce, were employed in a dozen companies he controlled in nor thern Cyprus, from citrus exporting to packaging, hotels and newspaper publi shing. With three-quarters of Mr Nadir's employees now out of work, northern Cyprus again relies heavily on aid from Turkey, amounting to more than Doll ars 60m yearly. Over the years, Turkish state banks have also financed const ruction of roads, two airports and expansion at Kyrenia port. Yet per capita income in the north is less than one-third that in internationally-recognis ed Cyprus and appears to be falling further behind. No official figures are available, but growth last year is thought to have been negative, after a 5. 5 per cent rise in 1990. While crossing the Green Line that divides Cyprus i s officially forbidden, several hundred Turkish Cypriots slip into the south daily to put in a few hours of work on a Greek Cypriot construction site. A s in the south, tourism is the mainstay of the economy, with some 600,000 vi sitors from Turkey last year but only 42,000 foreign tourists. Northern Cypr us was also hit badly by cancellations due to the Gulf crisis. This year, a 30 per cent increase in foreign arrivals is forecast, the result of more eff ective marketing in western Europe, and receipts may rise to Dollars 25m. Bu t sharing a currency with Turkey means that northern Cyprus imports a Turkis h inflation rate of more than 70 per cent. Index-linking of wages now lags s everal months behind, adding to the gloomy mood. With each year that passes, it becomes clearer that without a political settlement, the economic gap be tween Greek and Turkish Cypriots can only continue to widen. Th e Financial Times London Page II ============= Transaction # 148 ============================================== Transaction #: 148 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 8 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-1803 _AN-CCWA7AACFT 9203 23 FT 23 MAR 92 / Survey of Republic of Cyprus (3): Sign s of overheating - The economy By KERIN HOPE THE unofficial indicators of prosperity in eastern Mediterranean c ountries - weekend traffic jams, supermarkets filled with well-groomed shopp ers and crowded seaside restaurants - are much in evidence in Cyprus. A heav y emphasis on consumer spending is one enduring consequence of the upheaval in 1974 when about 180,000 Greek Cypriots were driven from the north of the island, leaving behind hotels, factories and citrus orchards that represente d more than 60 per cent of the island's resources. Another is the Greek Cypr iot insistence on acquiring skills abroad, a reflection both of high unemplo yment in the early years of rebuilding and the sense of security derived fro m being able, if necessary, to earn a living outside the island. In fact, ec onomic recovery came swiftly in the south, with priority given to short-term infrastructure projects financed through foreign aid and borrowing. It took only five years for incomes to return to pre-1974 levels. Exports rose as n ew, labour-intensive manufacturing exploited demand in the Gulf states durin g the oil boom, while services benefited from Beirut's decline as a business centre. When mass tourism took off in the south, the growth rate also soare d, averaging more than 5 per cent in the late 1980s. However, the Gulf war d ealt the tourist industry a harsh blow last year. Although bookings picked u p as the season advanced, hoteliers were obliged to accept sharply reduced p rices to ensure occupancy rates that would cover the year's costs. Exports w ere also affected with a number of small plants dependent on orders from the Gulf being forced to shut down, while port activity at Limassol, a regional transhipment centre, slowed down. As if this were not enough to contend wit h, a severe drought hit Cyprus last winter. With little water available for irrigation despite a sustained conservation effort, agricultural output fell by 10.1 per cent. The economy grew by just 1.5 per cent in 1991. Yet this a ppears to have been only a temporary setback, according to the government pl anning bureau. Projected growth for 1992 is 7 per cent, led by a recovery in exports and what seems likely to be a record year for tourism. But as Cypru s heads into an election year, signs of overheating are emerging. Inflation reached 6 per cent last year; the introduction of value added tax this summe r may bring it to 7.5 per cent this year. While exports remained steady at C Pounds 390m in 1991, imports surged by 20 per cent as consumers launched a s pending spree in advance of VAT. This, coupled with a decline in tourism ear nings, transformed a current account surplus of CPounds 40m in 1990 into a C Pounds 110.8m deficit, equivalent to 3.8 per cent of GDP. With collective wa ge agreements in several sectors coming up for renewal this year, the unions will be asking for larger rises on top of index-linked increases twice a ye ar. Their bargaining power is enhanced by a labour shortage which has forced employers to import short-term contract workers, mostly from eastern Europe . 'Real increases of 3-4 per cent a year are standard now, and the unions ar e a militant bunch. It will be hard to restrain demand in an election year,' says one analyst. The government has little room to manoeuvre, after being forced by Parliament not only to limit VAT to a single 5 per cent rate but t o postpone its introduction for six months. In the meantime, a new tax packa ge, including across-the-board cuts in income tax, had already come into eff ect. The resulting budget deficit amounted to 5.1 per cent of GDP, double th e previous year's figure. But given the pre-electoral commitment to spending on high profile projects such as port and road improvements, the deficit is unlikely to shrink much this year. Still, whatever the imbalances in southe rn Cyprus, they pale into insignificance against the problems facing the sel f-styled Turkish Cypriot republic. The collapse in 1990 of the fruit-to-elec tronics empire of Mr Asil Nadir, a Cypriot by birth, cut short a brief perio d of optimism about the future. About 8,000 Turkish Cypriots, some 12 per ce nt of the workforce, were employed in a dozen companies he controlled in nor thern Cyprus, from citrus exporting to packaging, hotels and newspaper publi shing. With three-quarters of Mr Nadir's employees now out of work, northern Cyprus again relies heavily on aid from Turkey, amounting to more than Doll ars 60m yearly. Over the years, Turkish state banks have also financed const ruction of roads, two airports and expansion at Kyrenia port. Yet per capita income in the north is less than one-third that in internationally-recognis ed Cyprus and appears to be falling further behind. No official figures are available, but growth last year is thought to have been negative, after a 5. 5 per cent rise in 1990. While crossing the Green Line that divides Cyprus i s officially forbidden, several hundred Turkish Cypriots slip into the south daily to put in a few hours of work on a Greek Cypriot construction site. A s in the south, tourism is the mainstay of the economy, with some 600,000 vi sitors from Turkey last year but only 42,000 foreign tourists. Northern Cypr us was also hit badly by cancellations due to the Gulf crisis. This year, a 30 per cent increase in foreign arrivals is forecast, the result of more eff ective marketing in western Europe, and receipts may rise to Dollars 25m. Bu t sharing a currency with Turkey means that northern Cyprus imports a Turkis h inflation rate of more than 70 per cent. Index-linking of wages now lags s everal months behind, adding to the gloomy mood. With each year that passes, it becomes clearer that without a political settlement, the economic gap be tween Greek and Turkish Cypriots can only continue to widen. Th e Financial Times London Page II ============= Transaction # 149 ============================================== Transaction #: 149 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 210158 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 150 ============================================== Transaction #: 150 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 11 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT922-2908 _AN-CFOA5AAHFT 9206 15 FT 15 JUN 92 / Survey of Greece (7): Big income growt h forecast - Tourism By KERIN HOPE WHEN it comes to tourism, Greece would seem to have two identities. At least half the 9.5m tourists expected this year will descend by charter flights o n just four islands - Crete, Rhodes, Corfu and Mykonos. That leaves another 150 or so islands and much of mainland Greece, still relatively unexplored, for everyone else. The pressure to accommodate as many tourists as possible, encouraged until recently by generous government grants, has led to ribbon development of hotels and apartment complexes along the coasts of Crete and Rhodes, the most popular islands. Villages along the way have been transform ed into tourist service centres complete with pubs, pizzerias and Chinese re staurants and ranks of jeeps and motorbikes for rent. In theory, dozens of s maller islands have been opened up for mass tourism through construction of airports that can handle charter jets. But there are relatively few with a r eliable water supply and enough sandy beaches for large numbers of tourists. Instead, special interest holidays are proliferating on small islands, part ly as a result of European Community nationals being able to set up business es more easily in Greece under single market rules. Although it is still sti ll on a small scale, the advantages of alternative tourism, from mountain-bi king to observing marine turtles, lies in its resilience to external factors and its capacity for bringing income to more remote areas. In Macedonia and the northern Aegean islands, for example, the hotel occupancy rate is norma lly about 45 per cent, compared to 85 per cent for Crete. But unlike the big gest tourist destinations, there was no decline last year. Greece, like othe r eastern Mediterranean countries, suffered as a result of the Gulf war. Fea rs of terrorism proved unfounded but tour operators cancelled bookings early in the season, charter flights started several weeks later than usual and t here was little demand for Aegean cruises. Once recovery began in July, thin gs rapidly improved, with demand for package holidays on Rhodes and Crete re maining high throughout October. Although tourist arrivals fell by 11 per ce nt in 1991 to 8.2m, the decline was not reflected in earnings. Official fore ign exchange receipts from tourism dropped by 0.8 per cent to Dollars 2.57bn , but overall income from tourism, which includes visitors' credit card purc hases and funds retained abroad by Greek travel agents, rose by 12 per cent to Dollars 4.6bn, according to the Greek Tourist Organisation (EOT). While r oom rates have risen by only a small margin, the result of Greek hoteliers' worries about staying competitive with Turkey and Cyprus, EOT predicts a lar ge increase in earnings this year. Mr Costas Pylarinos, secretary-general of EOT, says that tourist arrivals are expected to rise by 14 per cent this ye ar, generating a 30 per cent improvement in income. One reason for his optim ism, is that American visitors, who spend much more lavishly than Europeans, are returning to Greece. Bookings for cruises, where the majority of passen gers are American, are at their highest levels since the early 1980s. Moreov er, the shake-up in the US airline industry has brought an increase in fligh ts to Greece by American carriers expanding their networks in Europe. But th e figures also hint that Greece may at last be starting to attract more of t he up-market visitors on whom the tourist industry stakes its hopes for the future. One problem has been a lack of luxury and first-class hotels compare d to the thousands of third-class establishments used by tour operators at t he cheaper end of the market. Most of Greece's hotel stock dates from the 19 70s but until recently little attention was paid to refurbishing regularly, providing additional facilities or improving service. As a result, tour oper ators from France, Germany and Scandinavia are starting to buy Greek propert ies and carry out full-scale renovations. However, several Greek hoteliers w ho have developed professional management operations as a result of working closely with European operators, together with a few offshore Greek operator s, have built luxury resort hotels over the past three years and more are be ing planned. Mr Pylarinos says he is looking for investors who will build co nference centres, golf courses and even casinos. All of these would help ext end the tourist season by at least three months from its present seven month s, as well as attracting more affluent tourists. 'We have no shortage of org anisations wanting to hold congresses in Greece at the start or the end of t he season. But we're restricted to small affairs of a thousand or so people at a hotel because we don't have a purpose-built centre,' he says. Golf cour ses are proving hard to develop, mainly because large tracts of suitable lan d are hard to find, while farmers raise objections to losing scarce pasturag e. In the meantime, two of the four existing golf courses are to be improved . EOT also plans to expand its Dr12bn programme for building marinas. After long delays caused by protests from local environmental organisations and a squeeze on public investment funds, six marinas have been completed and anot her eight are due to open by 1993. Altogether, they will have space for 20,0 00 yachts. The marina programme was EOT's first move to make Greece more att ractive to better-off tourists. In fact, the existing marinas serve the risi ng number of Greeks who are able to afford yachts and power boats, rather th an foreigners who find that berths are cheaper across the Aegean in Turkey. The next stage of EOT's marina programme will be designed to lure them back. The Financial Times London Page 28 ============= Transaction # 151 ============================================== Transaction #: 151 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 12 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-6006 _AN-DH4CVAEWFT 9308 31 FT 31 AUG 93 / Survey of Malaysia (4): Consolidation is the new priority - After record growth rates, the economy has reached a p lateau of success By KIERAN COOKE I N most countries, a yearly 8 per cent economic growth figure would throw fin ance ministers and central bankers into paroxysms of joy. Not so in Malaysia . Last year Malaysia's overall GDP growth was indeed 8 per cent, but the fig ure was described merely as 'creditable' by Bank Negara, the country's centr al bank. Malaysia has been used to flying in the clear skies of economic suc cess, with soaring GDP growth rates of 9 per cent in 1988, 8.7 in 1989, near ly 10 per cent in 1990 and 8.6 per cent in 1991. The buzz word now is consol idation. The economy, say the official planners, is taking a breather. A com bination of continuing tight counter-inflationary policies at home and a les s than buoyant market abroad means that GDP growth will further moderate to between 7.5 - 7.8 per cent this year. 'The prospects for a slow and moderate recovery in the major industrial countries could well be a blessing in disg uise,' says Bank Negara. 'It would provide some much needed respite for the Malaysian economy to consolidate its position - to alleviate outstanding inf rastructural and supply impediments and pave the way for sustainable growth with stability over the medium term.' But overcoming those impediments, whic h include serious labour shortages, infrastructure bottlenecks, a drop in in vestments growth and weak markets for various export sectors, will not be ea sy. Malaysia has been climbing fast. Last year per capita income increased a further 11 per cent to MDollars 7,541 (Dollars 2,950). Malaysia's long term plan is to be a fully industrialised country by the year 2020. The governme nt has set an average annual growth target for the next 27 years of 7 per ce nt. Achieving these targets is likely to become progressively tougher. The f undamentals of the economy are still sound. The main achievement of 1992 was on the balance of payments front. At the end of 1991 the finance ministry h ad predicted a 1992 merchandise trade deficit of MDollars 3.7bn. In the even t the merchandise account recorded a surplus of MDollars 7.3bn last year, co mpared with a deficit of MDollars 461m in 1991. A sharp fall in imports rath er than export growth was the main reason for the merchandise account improv ement. The value of imports tripled in the years 1987 to 1991. In 1992 the v alue of imports increased by only 0.4 per cent. The deficit in the services account, mainly due to freight and insurance payments, narrowed slightly to MDollars 12bn last year, giving an overall current account deficit of MDolla rs 4.4bn, representing 3.1 per cent of GNP, compared with a deficit of MDoll ars 12.5bn or 10.1 per cent of GNP in 1991. Officials are now predicting a s mall current account surplus of MDollars 350m for this year, the first since 1988. The international reserves position also improved. Reserves stood at MDollars 47.2bn at the end of 1992, up from MDollars 31bn the previous year and topping the country's external debt of MDollars 41.4bn. In recent months the overriding concern of economic policy - and the factor which has been c hiefly responsible for the moderation in growth rates - has been the fight a gainst inflation. Traditionally Malaysia has had low inflation: when inflati on was rising above 5 per cent at one stage last year the alarm bells starte d to ring. High interest rates were maintained through 1992. This lessened d emand for domestic credit but caused a large inflow of funds from abroad. As a result Bank Negara was forced to mop up more than MDollars 15bn of excess liquidity from the domestic banking system. Restrictions were imposed on hi re purchase and credit card use. Government spending in a number of areas wa s cut back. Investment projects in the private sector were curtailed. As a r esult there was a sharp drop in the growth of private sector spending - from 16.5 per cent in 1991 to 2.3 per cent in 1992. (Car sales in 1992 dropped b y 15 per cent - compared with a growth in sales of 14 per cent the previous year.) The battle against inflation continues: Bank Negara says the overall inflation rate last year was 4.7 per cent compared with 4.4 per cent in 1991 . 'The real issue for us is to build a strong foundation for our economy to make a leap towards the next phase of industrialisation,' says Mr Anwar Ibra him, the minister of finance. 'Unless we are firm in our resolve to break th e back of inflation, that foundation will be shaky and our future progress w ill be jeopardised.' There seems little room to dampen down domestic demand further without damaging overall growth prospects. Officials see little like lihood of bringing price rises down to under 4 per cent by the end of the ye ar. Malaysia is vitally dependent on trade: two way merchandise trade is equ al to nearly 60 per cent of GDP. For the first time in several years export earnings in 1992 failed to achieve double digit growth rates. Exports earnin gs for the year were MDollars 102.8bn, an increase of 8.8 per cent compared with growth of 18.6 per cent in 1991. The moderation in export growth was ma inly due to the continuing problems being faced in Malaysia's main markets - Japan, the US and the EC. Malaysia's commodity export earnings also decline d due to generally low world prices. Exporters were hit further by the appre ciation of the ringgit, the Malaysian dollar, against the major currencies. Official predictions of a better export performance this year seem to be rig ht: in the first four months of the year exports were up 24 per cent as agai nst 8 per cent in the previous corresponding period. Meanwhile imports rose by 9 per cent. One of the main reasons for Malaysia's economic growth over t he last five years has been due to its success in attracting millions of dol lars worth of investments - both from overseas, and more recently, from inte rnal sources. According to government figures total investment approvals ros e from MDollars 3.9bn in 1987 to MDollars 9bn in 1988, to MDollars 12.2 in 1 989 and MDollars 28bn in 1990. In 1991 investments peaked at MDollars 30.8bn . Last year they dropped to MDollars 27.7bn. Of that figure MDollars 17.7bn was foreign sourced - an increase of 2 per cent over the foreign content in the 1991 figure - while MDollars 10bn was domestic - representing a fall of more than 30 per cent from the previous year. Mrs Rafidah Aziz, Malaysia's minister of trade and industry, says Malaysia has already achieved more than 70 per cent of its investment target under the present five year plan (1991 -95). But there is no doubting the official concern about the investment dow nturn. Other countries in the region, in particular China and Vietnam, are a ttracting investments away from Malaysia. In 1991 Taiwan was one of Malaysia 's biggest investors, with investments of MDollars 3.6bn. Last year Taiwan i nvested less than half that amount. Foreign investment approvals in the firs t six months of 1992 were MDollars 7.5bn. This year the figure for the equiv alent period was MDollars 1.6bn. Over the same period last year approved dom estic investments were MDollars 4.1bn. This year the figure was MDollars 2.7 bn. 'It is important for the government to come on more aggressively to prom ote domestic private investment in the absence of a strong inflow of direct foreign investment,' says the mainly privately funded Malaysian Institute of Economic Research. In a budget later this year the government might lower c orporate tax from its present 34 per cent as an added incentive to investors . A key problem with attracting investments is Malaysia's contracting labour supply. The official unemployment rate is 4 per cent but in many parts of t he country it is zero. Industrialists have become frustrated with a high rat e of job hopping and upward pressures on wages. In some areas 70 per cent of workers on rubber and palm oil estates are foreigners - mainly from Indones ia or Bangladesh. The government is nervous about the implications of the pr esence of a large immigrant population - estimated at up to one million - an d the possible upsetting of the country's delicate racial balance. No one is suggesting that Malaysia's economy is about to take a dive. But there are m any who forecast economic turbulence ahead as the country runs into constrai nts on investments and labour - and braces itself for a more competitive reg ional environment. Countries:- MYZ Malaysia, Asia. < /CN> Industries:- P9311 Finance, Taxation, and Monetary Polic y. Types:- CMMT Comment & Analysis. ECON Gross do mestic product. ECON Gross national product. ECON Inflation. The Financial Times London Page III ============= Transaction # 152 ============================================== Transaction #: 152 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 16 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-9868 _AN-CKCCTAGQFT 9211 03 FT 03 NOV 92 / Survey of Portugal (9): Quality, not q uantity - A shift in strategy in the tourism sector By PETER WISE HOLIDAYS spent amid the dust and noise of bui lding sites cause the biggest number of complaints from British tourists who visit Portugal's southern Algarve coast, according to a recent survey for t he Department of Tourism. These visitors are victims of constructors who hav e been trying to keep pace with a boom in tourism that has transformed the c ountry's main holiday region in the past decade. Tourism has been growing at a rate of 11.5 per cent a year since 1980 and high-rise hotels and apartmen t blocks have mushroomed at a similar speed. European tourism as whole has g rown at a rate of only 3.5 per cent a year over that period. Recent statisti cs reflect the dramatic expansion of tourism. This year Portugal expects to welcome 20m visitors, double the population, and almost 10m tourists (visito rs who stay one night or more). This compares with 7m visitors and 2.7m tour ists in 1980. As a result, the importance of tourism to the Portuguese econo my has greatly increased. Today, it accounts for 6 to 8 per cent of the gros s domestic product, a contribution to national wealth that equals that of te xtiles, civil construction or the financial sector. Foreign currency receipt s have grown from Es57.5bn (Pounds 263m) in 1980 to Es530bn in 1991. These e arnings cover half of Portugal's trade deficit, making an important contribu tion to the current account balance. To ease the strain of this boom on the Algarve, where some areas are becoming overcrowded, disorganised and ugly, t he government has devised a new strategy for the tourism sector. It switches the emphasis from new building to diversification and expanding the use of existing facilities. According to Mr Alexandre Relvas, secretary of state fo r tourism, 'our resources have their limits and sooner or later we will reac h saturation point'. Instead, tourism policy will switch from a heavy depend ence on sun and sea holidays and an over-strong reliance on the UK and Spain , to more emphasis on investing to improve facilities rather than build new ones. To this end, the Department of Tourism has drawn up a 19-point plan wi th the overall aim of improving the competitiveness of Portuguese tourism. T he strategy will be backed up with an Es50bn (Pounds 230m) two-year financia l programme to support investment. 'To be competitive in the 1990s, tourism has to invest heavily in quality rather than quantity,' says Mr Relvas. 'Thi s financial programme will help us create a competitive tourism industry in the future.' A total of Es20bn from the new fund will be provided as grants for investment, 60 per cent financed by European Community structural funds. Grants will cover up to 25 per cent of the total cost of investment. But un like the past, very little will be made available for building new hotels. I nstead, the money will go to modernise and re-equip existing units, for the construction of additional facilities such as golf courses and congress cent res and to diversify from beach holidays into sports and cultural tourism. A further Es30bn will be made available by the Tourism Fund, a special credit institution, and banks at low interest rates. Portugal's new tourism strate gy is also aimed at combating a worrying trend. While the number of tourists has increased spectacularly, the amount they spend is falling. In 1980 aver age spending per tourist was 35 per cent above the European average in dolla r terms. Today, it is 15 per cent below. Tourists currently spend a mere Es9 ,000 a day on hotels and restaurants. Tourism authorities have mapped out tw o main strategies for changing this. Beach holidays have become a mature mar ket, where growth is falling off rapidly. Tough competition between major op erators and the globalisation of the market through airline liberalisation i s forcing down prices. Portugal is trying to diversify away from this sector into congresses, cultural tourism and golf and other sporting holidays. 'Th is development will offer the twin advantages of attracting higher-spending tourists and being able to use existing Algarve facilities in the off-season ,' says Mr Relvas. Officials also want to attract tourists away from the Alg arve, which accounts for 40 per cent of total bed nights, to other areas, su ch as the Lisbon coastline and the unspoiled Alentejo region north of the Al garve. Though Portugal will maintain promotional efforts in Britain and Spai n, which together account for half its bed nights, efforts will also be made to boost the Italian, French and German markets and to break into the US an d Japan. Regular flights from Japan, scheduled to begin in 1994, should help increase the number of its tourists from the current level of 30,000 a year . The Financial Times London Page V ============= Transaction # 153 ============================================== Transaction #: 153 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 18 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-11146 _AN-CJ0BMAFYFT 921 027 FT 27 OCT 92 / Survey of Sri Lanka (13): Growth cont inues despite conflict -Tourism By DAVID PILLING TO have one civil war may be considered unfortunate, but to h ave two is inexcusable. This seemed to be the view of international tourists who, having tentatively placed Sri Lanka on the map during the 1970s, promp tly removed it as the island gained a reputation for bloody civil strife. To urist arrivals had grown rapidly in the 1970s to a peak of 407,000 in 1982. Annual growth was running at an average 24 per cent from 1976-1982. The outb reak in 1983 of government hostilities with the Tamil Tigers quashed hopes o f further expansion. Arrivals dropped dramatically, even more so when violen ce - previously confined largely to the north and east - erupted in the sout h with the attempted insurrection of the People's Liberation Front (JVP). By 1987, the number of visitors had dropped to a mere 180,000, a level from wh ich it failed to recover in 1988 and 1989. Discounting was so fierce that a night in a five-star hotel was being offered for as little as Dollars 7. Few would have predicted the impressive upturn witnessed since then. Boosted by the virtual annihilation of the JVP in the south and by the temporary halt of fighting with the Tigers, the number of visitors began to grow, reaching 317,000 in 1991. This marked an increase of 6.7 per cent over the previous y ear, bucking the world trend in tourism which was hit hard by recession and the Gulf war. Growth continued in spite of the renewed outbreak in June 1990 of fighting in the north and east - out of bounds to tourists - as Sri Lank an authorities gradually persuaded the international industry that most of t he island remained safe. In terms of foreign exchange earnings, growth has b een even more satisfactory with receipts of Dollars 155.6m in 1991; some 17. 4 per cent over 1990. That trend seems likely to continue and even accelerat e. Arrivals in the first eight months of this year are 27.7 per cent up on t he same period in 1991, according to figures from the Ceylon Tourist Board. The board estimates that total arrivals for 1992 will be at least 380,000. T he government, says Mr N. U. Yasapala, director-general of the tourist board , is keen to promote the sector both for its foreign exchange earnings and f or its ability to provide employment. According to the central bank, tourism in 1991 accounted for 64,800 jobs - 27,000 directly and 37,800 in ancillary sectors. Keen to capitalise on such benefits, the government has commission ed a 10-year tourist 'masterplan' drawn up with the help of Horwath Consulti ng of the UK. The plan, a draft of which is due to be published in November, sets a target of 874,000 air arrivals by the year 2001 - more than double t he 1982 peak. Mr Martin Gerty, director of Horwath Consulting, says the plan calls for the upgrading of existing hotels, the development of more up-mark et resorts, and the improvement of facilities around cultural sites which ne ed to be more 'visitor friendly'. Mr Gerty says such infrastructure was seve rely run down in the 1980s, but he thinks it remarkable that it was maintain ed at all. There may also be the need for additional airport facilities to t hose at Colombo's international airport because aircraft unable to land duri ng bad weather are presently redirected to Madras in southern India. One pos sibility is development of the military airfield at Hingurakgoda on the east of the island, particularly if ethnic tensions subside. Such ambitious plan s for tourism, especially at a time of budgetary constraints, will require s ubstantial private sector investment. The government has accordingly extende d tax incentives already enjoyed by export-driven companies to investors in tourist infrastructure. Some local observers feel such incentives have been too generous, allowing already profitable concerns to avoid tax. Mr S. T. Fe rnando, deputy governor of the central bank, counters that new investment mu st be encouraged following the collapse of tourism in the mid-1980s. Some 25 projects are being considered, worth an estimated total of Dollars 120m. Th ese would add 2,350 graded rooms to the island's stock which now stands at 9 ,680 - 18,950 beds. Obstacles to growth remain. Most immediate is increasing anxiety among certain groups that an expanded tourist sector would have a n egative cultural and environmental impact. There is concern that more touris ts would encourage drugs and prostitution - there are already an estimated 8 00 people infected with the HIV virus - and that hotels will monopolise reso urces such as land, power and water. The government was recently forced to a bandon plans for a showcase Dollars 40m holiday complex at Chilaw on the wes t coast because of protests by the Roman Catholic Church. The Buddhist clerg y, an extremely powerful political force, is threatening the future of other schemes. Mr Gerty feels that such protests can be dissipated by outlining s ome of the sector's potential benefits, such as employment. Tourism will, he says, have limited environmental impact as resorts will not be permitted to sprout up piecemeal but will be strictly controlled according to a planned development strategy. Another obstacle to growth may be Sri Lanka's over-rel iance on certain key markets. Western Europe makes up more than 60 per cent of total tourist traffic, with Germany, France, the UK and Italy representin g nearly 80 per cent of that share. North America provides a paltry 3 per ce nt of arrivals. Fashions change quickly and the 'discovery' of a new long-ha ul destination could jeopardise Colombo's plans. The most serious question m ark, however, remains Sri Lanka's international reputation. Despite recent e vidence that Colombo is winning the public relations battle in reassuring th e public of the island's safety, international confidence remains fragile. I f, on the other hand, the civil war ends, prospects for growth would be exce llent and the potential for achieving a million visitors annually would beco me realistic. Assuming, however, that civil strife staggers on, it would onl y take a few well-publicised incidents of violence or a period of political instability for the country's tarnished image to resurface. That would effec tively end the growth of the past few years and Sri Lanka would return to th e backwaters of the tourist industry. The Financial Times London Page VIII ============= Transaction # 154 ============================================== Transaction #: 154 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 20 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-6761 _AN-EB1DPAENFT 9402 28 FT 28 FEB 94 / Survey of Jamaica (11): Caribbean comp etition - Tourism is a sunny spot in the economy By STEPHEN FIDLER Tourism has been a bright spot in the Jamaic an economy. With the markets weak for its traditional exports - bauxite, ban anas and sugar - growing foreign exchange receipts from tourism have been an increasingly important source of foreign exchange. The industry generates c lose to Dollars 1bn a year in gross foreign exchange receipts, according to government estimates. The estimated net receipts of between Dollars 500m and Dollars 600m make it the single most important source of foreign exchange i n the economy. It employs about 26,000 people, more than double the level of 10 years ago. Some 1.6m tourists arrived in the country last year, 3.4 per cent up on 1992. The number of visitors stopping over jumped 7.7 per cent to 979,000, while the number of arrivals on cruise ships slipped 3.1 per cent to 630,000. The tourism recovery came after two weak years at the end of the 1980s, and difficult times for international tourism worldwide at the time of the Gulf War and in the depths of the US recession. In Jamaica, it underl ined the heavy dependence on the US market. According to Ms Camille Needham, general manager of the Jamaican Hotels and Tourist Association: 'The US rec ession had a powerful effect that in fact did us a lot of good. We decided t hat we could not have all our eggs in one basket.' At times in the 1980s, vi sitors from the US accounted for more than three-quarters of all tourists ma king stopovers coming from the US. Visitors from Canada accounted for a furt her 15 per cent. In 1992, 61.9 per cent of visitors were from the US, 11.1 p er cent from Canada. The proportion of visitors from Europe has risen above 20 per cent; more than half come from the UK, encouraged by the development of the charter tour business. Numbers of visitors from regions such as Latin America and Japan have also grown. Along with this, the seasonality of the trade has been reduced. Most Europeans - unlike many holidaymakers from the northern US and Canada - vacation in the summer months. Jamaica's tourism bu siness is not without its problems. Rising crime levels (attacks on tourists have grown and two have been murdered in the country in the last two years) attract bad publicity, which may deter visitors if the situation becomes wo rse. Some of the country's infrastructure - for example, the telephones and the provision of electricity - has improved. But much remains inadequate. 'W e have to improve the roads, reduce the number of potholes. Electricity and telephone services have improved a lot. We are working on the water situatio n but it's moving a bit more slowly,' says Ms Needham. Part of the problem i s that infrastructure has not kept up with the growth of the industry. Much of the development has been haphazard and resorts have not been planned. 'We have to think of planning and zoning to make the resorts more interesting a nd attractive,' she says. Other problems - such as air access to the region - are less under Jamaican control. The future of Air Jamaica, the national a irline, is uncertain. Mr Omar Davies, the finance minister, says the governm ent will stop providing funds for the loss-making airline from the start of the new fiscal year in April. Pan-American and Eastern airlines, which were the main carriers from North America to the Caribbean, have collapsed, altho ugh American Airlines has scheduled additional flights. Furthermore, competi tion is becoming intense, and may become more so. Several US states have sta rted promoting themselves as holiday destinations. Resorts in the Dominican Republic and Cancun in Mexico offer competitively priced vacations. Cuba is attracting substantial hotel investment. Cuba seems to offer an important me dium-term threat, although its emergence as a true competitor will depend on the lifting of the US embargo. Of all the Caribbean islands, Cuba appears t o offer most of what Jamaica has in sand, sea and scenery. 'We can't compete with rates offered by Dominican Republic,' says one Jamaican tourism offici al. 'We can't sell our rooms for Dollars 20-Dollars 30 a night.' Despite thi s competition, there has been more of a co-operative approach to Caribbean t ourism in recent years. Once fiercely competitive, the resort countries incl uding Jamaica have implemented a big advertising programme in the US to mark et the region as a single destination to potential north American visitors. The tourist authorities hope that one spin-off may be the development of mor e multi-centre holidays. In common with other cruise ship destinations, ther e have been concerns in Jamaica that cruise visitors do not provide enough b enefit to the local economy. However, a decision to increase the cruise ship passenger tax from Dollars 10 to Dollars 15 has been delayed, apparently fo llowing pressure from the cruise ship owners. Government officials have said that the increase would be implemented over three years from January 1994. Countries:- JMZ Jamaica, Caribbean. Indus tries:- P9611 Administration of General Economic Programs. P79 99 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Page 32

============= Transaction # 155 ============================================== Transaction #: 155 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 20 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-6761 _AN-EB1DPAENFT 9402 28 FT 28 FEB 94 / Survey of Jamaica (11): Caribbean comp etition - Tourism is a sunny spot in the economy By STEPHEN FIDLER Tourism has been a bright spot in the Jamaic an economy. With the markets weak for its traditional exports - bauxite, ban anas and sugar - growing foreign exchange receipts from tourism have been an increasingly important source of foreign exchange. The industry generates c lose to Dollars 1bn a year in gross foreign exchange receipts, according to government estimates. The estimated net receipts of between Dollars 500m and Dollars 600m make it the single most important source of foreign exchange i n the economy. It employs about 26,000 people, more than double the level of 10 years ago. Some 1.6m tourists arrived in the country last year, 3.4 per cent up on 1992. The number of visitors stopping over jumped 7.7 per cent to 979,000, while the number of arrivals on cruise ships slipped 3.1 per cent to 630,000. The tourism recovery came after two weak years at the end of the 1980s, and difficult times for international tourism worldwide at the time of the Gulf War and in the depths of the US recession. In Jamaica, it underl ined the heavy dependence on the US market. According to Ms Camille Needham, general manager of the Jamaican Hotels and Tourist Association: 'The US rec ession had a powerful effect that in fact did us a lot of good. We decided t hat we could not have all our eggs in one basket.' At times in the 1980s, vi sitors from the US accounted for more than three-quarters of all tourists ma king stopovers coming from the US. Visitors from Canada accounted for a furt her 15 per cent. In 1992, 61.9 per cent of visitors were from the US, 11.1 p er cent from Canada. The proportion of visitors from Europe has risen above 20 per cent; more than half come from the UK, encouraged by the development of the charter tour business. Numbers of visitors from regions such as Latin America and Japan have also grown. Along with this, the seasonality of the trade has been reduced. Most Europeans - unlike many holidaymakers from the northern US and Canada - vacation in the summer months. Jamaica's tourism bu siness is not without its problems. Rising crime levels (attacks on tourists have grown and two have been murdered in the country in the last two years) attract bad publicity, which may deter visitors if the situation becomes wo rse. Some of the country's infrastructure - for example, the telephones and the provision of electricity - has improved. But much remains inadequate. 'W e have to improve the roads, reduce the number of potholes. Electricity and telephone services have improved a lot. We are working on the water situatio n but it's moving a bit more slowly,' says Ms Needham. Part of the problem i s that infrastructure has not kept up with the growth of the industry. Much of the development has been haphazard and resorts have not been planned. 'We have to think of planning and zoning to make the resorts more interesting a nd attractive,' she says. Other problems - such as air access to the region - are less under Jamaican control. The future of Air Jamaica, the national a irline, is uncertain. Mr Omar Davies, the finance minister, says the governm ent will stop providing funds for the loss-making airline from the start of the new fiscal year in April. Pan-American and Eastern airlines, which were the main carriers from North America to the Caribbean, have collapsed, altho ugh American Airlines has scheduled additional flights. Furthermore, competi tion is becoming intense, and may become more so. Several US states have sta rted promoting themselves as holiday destinations. Resorts in the Dominican Republic and Cancun in Mexico offer competitively priced vacations. Cuba is attracting substantial hotel investment. Cuba seems to offer an important me dium-term threat, although its emergence as a true competitor will depend on the lifting of the US embargo. Of all the Caribbean islands, Cuba appears t o offer most of what Jamaica has in sand, sea and scenery. 'We can't compete with rates offered by Dominican Republic,' says one Jamaican tourism offici al. 'We can't sell our rooms for Dollars 20-Dollars 30 a night.' Despite thi s competition, there has been more of a co-operative approach to Caribbean t ourism in recent years. Once fiercely competitive, the resort countries incl uding Jamaica have implemented a big advertising programme in the US to mark et the region as a single destination to potential north American visitors. The tourist authorities hope that one spin-off may be the development of mor e multi-centre holidays. In common with other cruise ship destinations, ther e have been concerns in Jamaica that cruise visitors do not provide enough b enefit to the local economy. However, a decision to increase the cruise ship passenger tax from Dollars 10 to Dollars 15 has been delayed, apparently fo llowing pressure from the cruise ship owners. Government officials have said that the increase would be implemented over three years from January 1994. Countries:- JMZ Jamaica, Caribbean. Indus tries:- P9611 Administration of General Economic Programs. P79 99 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Page 32

============= Transaction # 156 ============================================== Transaction #: 156 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 11 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT922-2908 _AN-CFOA5AAHFT 9206 15 FT 15 JUN 92 / Survey of Greece (7): Big income growt h forecast - Tourism By KERIN HOPE WHEN it comes to tourism, Greece would seem to have two identities. At least half the 9.5m tourists expected this year will descend by charter flights o n just four islands - Crete, Rhodes, Corfu and Mykonos. That leaves another 150 or so islands and much of mainland Greece, still relatively unexplored, for everyone else. The pressure to accommodate as many tourists as possible, encouraged until recently by generous government grants, has led to ribbon development of hotels and apartment complexes along the coasts of Crete and Rhodes, the most popular islands. Villages along the way have been transform ed into tourist service centres complete with pubs, pizzerias and Chinese re staurants and ranks of jeeps and motorbikes for rent. In theory, dozens of s maller islands have been opened up for mass tourism through construction of airports that can handle charter jets. But there are relatively few with a r eliable water supply and enough sandy beaches for large numbers of tourists. Instead, special interest holidays are proliferating on small islands, part ly as a result of European Community nationals being able to set up business es more easily in Greece under single market rules. Although it is still sti ll on a small scale, the advantages of alternative tourism, from mountain-bi king to observing marine turtles, lies in its resilience to external factors and its capacity for bringing income to more remote areas. In Macedonia and the northern Aegean islands, for example, the hotel occupancy rate is norma lly about 45 per cent, compared to 85 per cent for Crete. But unlike the big gest tourist destinations, there was no decline last year. Greece, like othe r eastern Mediterranean countries, suffered as a result of the Gulf war. Fea rs of terrorism proved unfounded but tour operators cancelled bookings early in the season, charter flights started several weeks later than usual and t here was little demand for Aegean cruises. Once recovery began in July, thin gs rapidly improved, with demand for package holidays on Rhodes and Crete re maining high throughout October. Although tourist arrivals fell by 11 per ce nt in 1991 to 8.2m, the decline was not reflected in earnings. Official fore ign exchange receipts from tourism dropped by 0.8 per cent to Dollars 2.57bn , but overall income from tourism, which includes visitors' credit card purc hases and funds retained abroad by Greek travel agents, rose by 12 per cent to Dollars 4.6bn, according to the Greek Tourist Organisation (EOT). While r oom rates have risen by only a small margin, the result of Greek hoteliers' worries about staying competitive with Turkey and Cyprus, EOT predicts a lar ge increase in earnings this year. Mr Costas Pylarinos, secretary-general of EOT, says that tourist arrivals are expected to rise by 14 per cent this ye ar, generating a 30 per cent improvement in income. One reason for his optim ism, is that American visitors, who spend much more lavishly than Europeans, are returning to Greece. Bookings for cruises, where the majority of passen gers are American, are at their highest levels since the early 1980s. Moreov er, the shake-up in the US airline industry has brought an increase in fligh ts to Greece by American carriers expanding their networks in Europe. But th e figures also hint that Greece may at last be starting to attract more of t he up-market visitors on whom the tourist industry stakes its hopes for the future. One problem has been a lack of luxury and first-class hotels compare d to the thousands of third-class establishments used by tour operators at t he cheaper end of the market. Most of Greece's hotel stock dates from the 19 70s but until recently little attention was paid to refurbishing regularly, providing additional facilities or improving service. As a result, tour oper ators from France, Germany and Scandinavia are starting to buy Greek propert ies and carry out full-scale renovations. However, several Greek hoteliers w ho have developed professional management operations as a result of working closely with European operators, together with a few offshore Greek operator s, have built luxury resort hotels over the past three years and more are be ing planned. Mr Pylarinos says he is looking for investors who will build co nference centres, golf courses and even casinos. All of these would help ext end the tourist season by at least three months from its present seven month s, as well as attracting more affluent tourists. 'We have no shortage of org anisations wanting to hold congresses in Greece at the start or the end of t he season. But we're restricted to small affairs of a thousand or so people at a hotel because we don't have a purpose-built centre,' he says. Golf cour ses are proving hard to develop, mainly because large tracts of suitable lan d are hard to find, while farmers raise objections to losing scarce pasturag e. In the meantime, two of the four existing golf courses are to be improved . EOT also plans to expand its Dr12bn programme for building marinas. After long delays caused by protests from local environmental organisations and a squeeze on public investment funds, six marinas have been completed and anot her eight are due to open by 1993. Altogether, they will have space for 20,0 00 yachts. The marina programme was EOT's first move to make Greece more att ractive to better-off tourists. In fact, the existing marinas serve the risi ng number of Greeks who are able to afford yachts and power boats, rather th an foreigners who find that berths are cheaper across the Aegean in Turkey. The next stage of EOT's marina programme will be designed to lure them back. The Financial Times London Page 28 ============= Transaction # 157 ============================================== Transaction #: 157 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 12 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-6006 _AN-DH4CVAEWFT 9308 31 FT 31 AUG 93 / Survey of Malaysia (4): Consolidation is the new priority - After record growth rates, the economy has reached a p lateau of success By KIERAN COOKE I N most countries, a yearly 8 per cent economic growth figure would throw fin ance ministers and central bankers into paroxysms of joy. Not so in Malaysia . Last year Malaysia's overall GDP growth was indeed 8 per cent, but the fig ure was described merely as 'creditable' by Bank Negara, the country's centr al bank. Malaysia has been used to flying in the clear skies of economic suc cess, with soaring GDP growth rates of 9 per cent in 1988, 8.7 in 1989, near ly 10 per cent in 1990 and 8.6 per cent in 1991. The buzz word now is consol idation. The economy, say the official planners, is taking a breather. A com bination of continuing tight counter-inflationary policies at home and a les s than buoyant market abroad means that GDP growth will further moderate to between 7.5 - 7.8 per cent this year. 'The prospects for a slow and moderate recovery in the major industrial countries could well be a blessing in disg uise,' says Bank Negara. 'It would provide some much needed respite for the Malaysian economy to consolidate its position - to alleviate outstanding inf rastructural and supply impediments and pave the way for sustainable growth with stability over the medium term.' But overcoming those impediments, whic h include serious labour shortages, infrastructure bottlenecks, a drop in in vestments growth and weak markets for various export sectors, will not be ea sy. Malaysia has been climbing fast. Last year per capita income increased a further 11 per cent to MDollars 7,541 (Dollars 2,950). Malaysia's long term plan is to be a fully industrialised country by the year 2020. The governme nt has set an average annual growth target for the next 27 years of 7 per ce nt. Achieving these targets is likely to become progressively tougher. The f undamentals of the economy are still sound. The main achievement of 1992 was on the balance of payments front. At the end of 1991 the finance ministry h ad predicted a 1992 merchandise trade deficit of MDollars 3.7bn. In the even t the merchandise account recorded a surplus of MDollars 7.3bn last year, co mpared with a deficit of MDollars 461m in 1991. A sharp fall in imports rath er than export growth was the main reason for the merchandise account improv ement. The value of imports tripled in the years 1987 to 1991. In 1992 the v alue of imports increased by only 0.4 per cent. The deficit in the services account, mainly due to freight and insurance payments, narrowed slightly to MDollars 12bn last year, giving an overall current account deficit of MDolla rs 4.4bn, representing 3.1 per cent of GNP, compared with a deficit of MDoll ars 12.5bn or 10.1 per cent of GNP in 1991. Officials are now predicting a s mall current account surplus of MDollars 350m for this year, the first since 1988. The international reserves position also improved. Reserves stood at MDollars 47.2bn at the end of 1992, up from MDollars 31bn the previous year and topping the country's external debt of MDollars 41.4bn. In recent months the overriding concern of economic policy - and the factor which has been c hiefly responsible for the moderation in growth rates - has been the fight a gainst inflation. Traditionally Malaysia has had low inflation: when inflati on was rising above 5 per cent at one stage last year the alarm bells starte d to ring. High interest rates were maintained through 1992. This lessened d emand for domestic credit but caused a large inflow of funds from abroad. As a result Bank Negara was forced to mop up more than MDollars 15bn of excess liquidity from the domestic banking system. Restrictions were imposed on hi re purchase and credit card use. Government spending in a number of areas wa s cut back. Investment projects in the private sector were curtailed. As a r esult there was a sharp drop in the growth of private sector spending - from 16.5 per cent in 1991 to 2.3 per cent in 1992. (Car sales in 1992 dropped b y 15 per cent - compared with a growth in sales of 14 per cent the previous year.) The battle against inflation continues: Bank Negara says the overall inflation rate last year was 4.7 per cent compared with 4.4 per cent in 1991 . 'The real issue for us is to build a strong foundation for our economy to make a leap towards the next phase of industrialisation,' says Mr Anwar Ibra him, the minister of finance. 'Unless we are firm in our resolve to break th e back of inflation, that foundation will be shaky and our future progress w ill be jeopardised.' There seems little room to dampen down domestic demand further without damaging overall growth prospects. Officials see little like lihood of bringing price rises down to under 4 per cent by the end of the ye ar. Malaysia is vitally dependent on trade: two way merchandise trade is equ al to nearly 60 per cent of GDP. For the first time in several years export earnings in 1992 failed to achieve double digit growth rates. Exports earnin gs for the year were MDollars 102.8bn, an increase of 8.8 per cent compared with growth of 18.6 per cent in 1991. The moderation in export growth was ma inly due to the continuing problems being faced in Malaysia's main markets - Japan, the US and the EC. Malaysia's commodity export earnings also decline d due to generally low world prices. Exporters were hit further by the appre ciation of the ringgit, the Malaysian dollar, against the major currencies. Official predictions of a better export performance this year seem to be rig ht: in the first four months of the year exports were up 24 per cent as agai nst 8 per cent in the previous corresponding period. Meanwhile imports rose by 9 per cent. One of the main reasons for Malaysia's economic growth over t he last five years has been due to its success in attracting millions of dol lars worth of investments - both from overseas, and more recently, from inte rnal sources. According to government figures total investment approvals ros e from MDollars 3.9bn in 1987 to MDollars 9bn in 1988, to MDollars 12.2 in 1 989 and MDollars 28bn in 1990. In 1991 investments peaked at MDollars 30.8bn . Last year they dropped to MDollars 27.7bn. Of that figure MDollars 17.7bn was foreign sourced - an increase of 2 per cent over the foreign content in the 1991 figure - while MDollars 10bn was domestic - representing a fall of more than 30 per cent from the previous year. Mrs Rafidah Aziz, Malaysia's minister of trade and industry, says Malaysia has already achieved more than 70 per cent of its investment target under the present five year plan (1991 -95). But there is no doubting the official concern about the investment dow nturn. Other countries in the region, in particular China and Vietnam, are a ttracting investments away from Malaysia. In 1991 Taiwan was one of Malaysia 's biggest investors, with investments of MDollars 3.6bn. Last year Taiwan i nvested less than half that amount. Foreign investment approvals in the firs t six months of 1992 were MDollars 7.5bn. This year the figure for the equiv alent period was MDollars 1.6bn. Over the same period last year approved dom estic investments were MDollars 4.1bn. This year the figure was MDollars 2.7 bn. 'It is important for the government to come on more aggressively to prom ote domestic private investment in the absence of a strong inflow of direct foreign investment,' says the mainly privately funded Malaysian Institute of Economic Research. In a budget later this year the government might lower c orporate tax from its present 34 per cent as an added incentive to investors . A key problem with attracting investments is Malaysia's contracting labour supply. The official unemployment rate is 4 per cent but in many parts of t he country it is zero. Industrialists have become frustrated with a high rat e of job hopping and upward pressures on wages. In some areas 70 per cent of workers on rubber and palm oil estates are foreigners - mainly from Indones ia or Bangladesh. The government is nervous about the implications of the pr esence of a large immigrant population - estimated at up to one million - an d the possible upsetting of the country's delicate racial balance. No one is suggesting that Malaysia's economy is about to take a dive. But there are m any who forecast economic turbulence ahead as the country runs into constrai nts on investments and labour - and braces itself for a more competitive reg ional environment. Countries:- MYZ Malaysia, Asia. < /CN> Industries:- P9311 Finance, Taxation, and Monetary Polic y. Types:- CMMT Comment & Analysis. ECON Gross do mestic product. ECON Gross national product. ECON Inflation. The Financial Times London Page III ============= Transaction # 158 ============================================== Transaction #: 158 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 16 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-9868 _AN-CKCCTAGQFT 9211 03 FT 03 NOV 92 / Survey of Portugal (9): Quality, not q uantity - A shift in strategy in the tourism sector By PETER WISE HOLIDAYS spent amid the dust and noise of bui lding sites cause the biggest number of complaints from British tourists who visit Portugal's southern Algarve coast, according to a recent survey for t he Department of Tourism. These visitors are victims of constructors who hav e been trying to keep pace with a boom in tourism that has transformed the c ountry's main holiday region in the past decade. Tourism has been growing at a rate of 11.5 per cent a year since 1980 and high-rise hotels and apartmen t blocks have mushroomed at a similar speed. European tourism as whole has g rown at a rate of only 3.5 per cent a year over that period. Recent statisti cs reflect the dramatic expansion of tourism. This year Portugal expects to welcome 20m visitors, double the population, and almost 10m tourists (visito rs who stay one night or more). This compares with 7m visitors and 2.7m tour ists in 1980. As a result, the importance of tourism to the Portuguese econo my has greatly increased. Today, it accounts for 6 to 8 per cent of the gros s domestic product, a contribution to national wealth that equals that of te xtiles, civil construction or the financial sector. Foreign currency receipt s have grown from Es57.5bn (Pounds 263m) in 1980 to Es530bn in 1991. These e arnings cover half of Portugal's trade deficit, making an important contribu tion to the current account balance. To ease the strain of this boom on the Algarve, where some areas are becoming overcrowded, disorganised and ugly, t he government has devised a new strategy for the tourism sector. It switches the emphasis from new building to diversification and expanding the use of existing facilities. According to Mr Alexandre Relvas, secretary of state fo r tourism, 'our resources have their limits and sooner or later we will reac h saturation point'. Instead, tourism policy will switch from a heavy depend ence on sun and sea holidays and an over-strong reliance on the UK and Spain , to more emphasis on investing to improve facilities rather than build new ones. To this end, the Department of Tourism has drawn up a 19-point plan wi th the overall aim of improving the competitiveness of Portuguese tourism. T he strategy will be backed up with an Es50bn (Pounds 230m) two-year financia l programme to support investment. 'To be competitive in the 1990s, tourism has to invest heavily in quality rather than quantity,' says Mr Relvas. 'Thi s financial programme will help us create a competitive tourism industry in the future.' A total of Es20bn from the new fund will be provided as grants for investment, 60 per cent financed by European Community structural funds. Grants will cover up to 25 per cent of the total cost of investment. But un like the past, very little will be made available for building new hotels. I nstead, the money will go to modernise and re-equip existing units, for the construction of additional facilities such as golf courses and congress cent res and to diversify from beach holidays into sports and cultural tourism. A further Es30bn will be made available by the Tourism Fund, a special credit institution, and banks at low interest rates. Portugal's new tourism strate gy is also aimed at combating a worrying trend. While the number of tourists has increased spectacularly, the amount they spend is falling. In 1980 aver age spending per tourist was 35 per cent above the European average in dolla r terms. Today, it is 15 per cent below. Tourists currently spend a mere Es9 ,000 a day on hotels and restaurants. Tourism authorities have mapped out tw o main strategies for changing this. Beach holidays have become a mature mar ket, where growth is falling off rapidly. Tough competition between major op erators and the globalisation of the market through airline liberalisation i s forcing down prices. Portugal is trying to diversify away from this sector into congresses, cultural tourism and golf and other sporting holidays. 'Th is development will offer the twin advantages of attracting higher-spending tourists and being able to use existing Algarve facilities in the off-season ,' says Mr Relvas. Officials also want to attract tourists away from the Alg arve, which accounts for 40 per cent of total bed nights, to other areas, su ch as the Lisbon coastline and the unspoiled Alentejo region north of the Al garve. Though Portugal will maintain promotional efforts in Britain and Spai n, which together account for half its bed nights, efforts will also be made to boost the Italian, French and German markets and to break into the US an d Japan. Regular flights from Japan, scheduled to begin in 1994, should help increase the number of its tourists from the current level of 30,000 a year . The Financial Times London Page V ============= Transaction # 159 ============================================== Transaction #: 159 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 18 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-11146 _AN-CJ0BMAFYFT 921 027 FT 27 OCT 92 / Survey of Sri Lanka (13): Growth cont inues despite conflict -Tourism By DAVID PILLING TO have one civil war may be considered unfortunate, but to h ave two is inexcusable. This seemed to be the view of international tourists who, having tentatively placed Sri Lanka on the map during the 1970s, promp tly removed it as the island gained a reputation for bloody civil strife. To urist arrivals had grown rapidly in the 1970s to a peak of 407,000 in 1982. Annual growth was running at an average 24 per cent from 1976-1982. The outb reak in 1983 of government hostilities with the Tamil Tigers quashed hopes o f further expansion. Arrivals dropped dramatically, even more so when violen ce - previously confined largely to the north and east - erupted in the sout h with the attempted insurrection of the People's Liberation Front (JVP). By 1987, the number of visitors had dropped to a mere 180,000, a level from wh ich it failed to recover in 1988 and 1989. Discounting was so fierce that a night in a five-star hotel was being offered for as little as Dollars 7. Few would have predicted the impressive upturn witnessed since then. Boosted by the virtual annihilation of the JVP in the south and by the temporary halt of fighting with the Tigers, the number of visitors began to grow, reaching 317,000 in 1991. This marked an increase of 6.7 per cent over the previous y ear, bucking the world trend in tourism which was hit hard by recession and the Gulf war. Growth continued in spite of the renewed outbreak in June 1990 of fighting in the north and east - out of bounds to tourists - as Sri Lank an authorities gradually persuaded the international industry that most of t he island remained safe. In terms of foreign exchange earnings, growth has b een even more satisfactory with receipts of Dollars 155.6m in 1991; some 17. 4 per cent over 1990. That trend seems likely to continue and even accelerat e. Arrivals in the first eight months of this year are 27.7 per cent up on t he same period in 1991, according to figures from the Ceylon Tourist Board. The board estimates that total arrivals for 1992 will be at least 380,000. T he government, says Mr N. U. Yasapala, director-general of the tourist board , is keen to promote the sector both for its foreign exchange earnings and f or its ability to provide employment. According to the central bank, tourism in 1991 accounted for 64,800 jobs - 27,000 directly and 37,800 in ancillary sectors. Keen to capitalise on such benefits, the government has commission ed a 10-year tourist 'masterplan' drawn up with the help of Horwath Consulti ng of the UK. The plan, a draft of which is due to be published in November, sets a target of 874,000 air arrivals by the year 2001 - more than double t he 1982 peak. Mr Martin Gerty, director of Horwath Consulting, says the plan calls for the upgrading of existing hotels, the development of more up-mark et resorts, and the improvement of facilities around cultural sites which ne ed to be more 'visitor friendly'. Mr Gerty says such infrastructure was seve rely run down in the 1980s, but he thinks it remarkable that it was maintain ed at all. There may also be the need for additional airport facilities to t hose at Colombo's international airport because aircraft unable to land duri ng bad weather are presently redirected to Madras in southern India. One pos sibility is development of the military airfield at Hingurakgoda on the east of the island, particularly if ethnic tensions subside. Such ambitious plan s for tourism, especially at a time of budgetary constraints, will require s ubstantial private sector investment. The government has accordingly extende d tax incentives already enjoyed by export-driven companies to investors in tourist infrastructure. Some local observers feel such incentives have been too generous, allowing already profitable concerns to avoid tax. Mr S. T. Fe rnando, deputy governor of the central bank, counters that new investment mu st be encouraged following the collapse of tourism in the mid-1980s. Some 25 projects are being considered, worth an estimated total of Dollars 120m. Th ese would add 2,350 graded rooms to the island's stock which now stands at 9 ,680 - 18,950 beds. Obstacles to growth remain. Most immediate is increasing anxiety among certain groups that an expanded tourist sector would have a n egative cultural and environmental impact. There is concern that more touris ts would encourage drugs and prostitution - there are already an estimated 8 00 people infected with the HIV virus - and that hotels will monopolise reso urces such as land, power and water. The government was recently forced to a bandon plans for a showcase Dollars 40m holiday complex at Chilaw on the wes t coast because of protests by the Roman Catholic Church. The Buddhist clerg y, an extremely powerful political force, is threatening the future of other schemes. Mr Gerty feels that such protests can be dissipated by outlining s ome of the sector's potential benefits, such as employment. Tourism will, he says, have limited environmental impact as resorts will not be permitted to sprout up piecemeal but will be strictly controlled according to a planned development strategy. Another obstacle to growth may be Sri Lanka's over-rel iance on certain key markets. Western Europe makes up more than 60 per cent of total tourist traffic, with Germany, France, the UK and Italy representin g nearly 80 per cent of that share. North America provides a paltry 3 per ce nt of arrivals. Fashions change quickly and the 'discovery' of a new long-ha ul destination could jeopardise Colombo's plans. The most serious question m ark, however, remains Sri Lanka's international reputation. Despite recent e vidence that Colombo is winning the public relations battle in reassuring th e public of the island's safety, international confidence remains fragile. I f, on the other hand, the civil war ends, prospects for growth would be exce llent and the potential for achieving a million visitors annually would beco me realistic. Assuming, however, that civil strife staggers on, it would onl y take a few well-publicised incidents of violence or a period of political instability for the country's tarnished image to resurface. That would effec tively end the growth of the past few years and Sri Lanka would return to th e backwaters of the tourist industry. The Financial Times London Page VIII ============= Transaction # 160 ============================================== Transaction #: 160 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 20 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-6761 _AN-EB1DPAENFT 9402 28 FT 28 FEB 94 / Survey of Jamaica (11): Caribbean comp etition - Tourism is a sunny spot in the economy By STEPHEN FIDLER Tourism has been a bright spot in the Jamaic an economy. With the markets weak for its traditional exports - bauxite, ban anas and sugar - growing foreign exchange receipts from tourism have been an increasingly important source of foreign exchange. The industry generates c lose to Dollars 1bn a year in gross foreign exchange receipts, according to government estimates. The estimated net receipts of between Dollars 500m and Dollars 600m make it the single most important source of foreign exchange i n the economy. It employs about 26,000 people, more than double the level of 10 years ago. Some 1.6m tourists arrived in the country last year, 3.4 per cent up on 1992. The number of visitors stopping over jumped 7.7 per cent to 979,000, while the number of arrivals on cruise ships slipped 3.1 per cent to 630,000. The tourism recovery came after two weak years at the end of the 1980s, and difficult times for international tourism worldwide at the time of the Gulf War and in the depths of the US recession. In Jamaica, it underl ined the heavy dependence on the US market. According to Ms Camille Needham, general manager of the Jamaican Hotels and Tourist Association: 'The US rec ession had a powerful effect that in fact did us a lot of good. We decided t hat we could not have all our eggs in one basket.' At times in the 1980s, vi sitors from the US accounted for more than three-quarters of all tourists ma king stopovers coming from the US. Visitors from Canada accounted for a furt her 15 per cent. In 1992, 61.9 per cent of visitors were from the US, 11.1 p er cent from Canada. The proportion of visitors from Europe has risen above 20 per cent; more than half come from the UK, encouraged by the development of the charter tour business. Numbers of visitors from regions such as Latin America and Japan have also grown. Along with this, the seasonality of the trade has been reduced. Most Europeans - unlike many holidaymakers from the northern US and Canada - vacation in the summer months. Jamaica's tourism bu siness is not without its problems. Rising crime levels (attacks on tourists have grown and two have been murdered in the country in the last two years) attract bad publicity, which may deter visitors if the situation becomes wo rse. Some of the country's infrastructure - for example, the telephones and the provision of electricity - has improved. But much remains inadequate. 'W e have to improve the roads, reduce the number of potholes. Electricity and telephone services have improved a lot. We are working on the water situatio n but it's moving a bit more slowly,' says Ms Needham. Part of the problem i s that infrastructure has not kept up with the growth of the industry. Much of the development has been haphazard and resorts have not been planned. 'We have to think of planning and zoning to make the resorts more interesting a nd attractive,' she says. Other problems - such as air access to the region - are less under Jamaican control. The future of Air Jamaica, the national a irline, is uncertain. Mr Omar Davies, the finance minister, says the governm ent will stop providing funds for the loss-making airline from the start of the new fiscal year in April. Pan-American and Eastern airlines, which were the main carriers from North America to the Caribbean, have collapsed, altho ugh American Airlines has scheduled additional flights. Furthermore, competi tion is becoming intense, and may become more so. Several US states have sta rted promoting themselves as holiday destinations. Resorts in the Dominican Republic and Cancun in Mexico offer competitively priced vacations. Cuba is attracting substantial hotel investment. Cuba seems to offer an important me dium-term threat, although its emergence as a true competitor will depend on the lifting of the US embargo. Of all the Caribbean islands, Cuba appears t o offer most of what Jamaica has in sand, sea and scenery. 'We can't compete with rates offered by Dominican Republic,' says one Jamaican tourism offici al. 'We can't sell our rooms for Dollars 20-Dollars 30 a night.' Despite thi s competition, there has been more of a co-operative approach to Caribbean t ourism in recent years. Once fiercely competitive, the resort countries incl uding Jamaica have implemented a big advertising programme in the US to mark et the region as a single destination to potential north American visitors. The tourist authorities hope that one spin-off may be the development of mor e multi-centre holidays. In common with other cruise ship destinations, ther e have been concerns in Jamaica that cruise visitors do not provide enough b enefit to the local economy. However, a decision to increase the cruise ship passenger tax from Dollars 10 to Dollars 15 has been delayed, apparently fo llowing pressure from the cruise ship owners. Government officials have said that the increase would be implemented over three years from January 1994. Countries:- JMZ Jamaica, Caribbean. Indus tries:- P9611 Administration of General Economic Programs. P79 99 Amusement and Recreation, NEC. Types:- CMMT Comment & Analysis. The Financial Times London Page 32

============= Transaction # 161 ============================================== Transaction #: 161 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 21 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-2785 _AN-ECRDQAHCFT 9403 18 FT 18 MAR 94 / Survey of Poland (3): Expectations con tinue to soar - Sustainable economic growth appears to be within grasp By ANTHONY ROBINSON The Polish economy i s expected to show the fastest economic growth in Europe again this year, th anks to higher productivity, rising domestic and foreign investment and grow ing exports. The gross domestic product (GDP) is projected to rise by 5 per cent after a 4 per cent officially reported increase in 1993 which bankers b elieve probably understated the real growth in the private sector. Total out put is now close to levels attained before the 'shock therapy' reforms of 19 90, followed by the collapse of the Soviet market in 1991, which sent output from the old state industries into a tailspin. Sustainable economic growth appears to be within grasp, given reasonable political stability domesticall y and no destabilising shocks from Poland's eastern neighbours. Industrial o utput at the end of 1993 was 8.1 per cent higher than a year ago while growt h in the under-recorded and previously underdeveloped service sector has ris en even faster. But the volume indicators fail to tell the full story of an economy which now produces goods and services of a much higher quality than four years ago - but employs 3m fewer workers to do the job. Socially and po litically, high unemployment is a big worry. But economically it means that strong productivity gains are underpinning the transformation of the economy and creating the basis for rising profits, a growing rate of capital accumu lation, and job creation. The underlying improvements have been overstated b y last year's 900 per cent rise in share prices on the Warsaw stock exchange which pushed price-equity ratios to dizzy heights. But the emergence of a t oughly regulated, reasonably efficient stock market is undoubtedly one of th e main economic developments of the past 12 months. This year should see rap id expansion in the number of listed companies, from the present 22, and a f lood of new issues and capital increases as private companies take advantage of high share prices to raise cheap equity capital. The government is also expected to exploit this new channel by selling off parts of state enterpris es through share issues. Strengthening of the financial infrastructure gener ally is also a high priority with 22,000bn zlotys (Dollars 1bn) earmarked in the budget for re-capitalisation of the state-owned banks while smaller und ercapitalised private banks will be taken over by bigger groups under centra l bank supervision. After lengthy delays, the mass privatisation of more tha n 400 state enterprises and the transfer of managerial control to 20 new nat ional Investment Funds (NIFs) is expected to be finalised by the autumn, alo ng with the creation of new pension funds, investment trusts and insurance c ompanies. Inflation, measured by the consumer price index, rose sharply at t he end of 1993, due to a hiccough over meat prices, although the average dro pped to 36 per cent last year from 44 per cent in 1992. Price increases drop ped back to 1.6 per cent in January, in line with projections of a decline i n inflation to 27 per cent on an annualised basis this year. Prospects for f uture growth, meanwhile, have been enhanced by last week's London Club agree ment for a 42.5 per cent reduction of Poland's Dollars 13.2bn foreign commer cial bank debt. This should greatly facilitate the inflow of foreign investm ent required to modernise the economy and fund ambitious infrastructure sche mes. Sustained growth and reducing inflation to single digits by 1998 as pla nned by the National Bank of Poland, the independent central bank headed by Ms Hanna Gronkiewicz Waltz, also requires continuing political will to meet IMF-approved monetary and fiscal targets in the face of growing political pr essure for higher social spending and trade union demands for higher wages. The centre-left coalition government formed after last September's elections inherited the outlines of a stringent budget. The revised budget with its d eficit ceiling of 83,000bn zlotys, around 4.1 per cent of GDP, even survived the resignation of Mr Marek Borowski, the finance minister, and a power str uggle between the coalition partners over control of economic policy. The su ccessful introduction of value added tax (VAT) last July and the higher over all tax receipts deriving from a rising GDP allowed the new government to ra ise social spending marginally. Higher revenue and lower than forecast spend ing kept the 1993 deficit to 3.6 per cent of GDP, well below the 5 per cent target. Parliament approved the 1994 budget on March 5. This paved the way f or a new IMF standby agreement, which in turn will ensure implementation of the 20 per cent, second-stage write-down of Poland's official debt at the en d of March. This completes the 50 per cent overall write-down in Poland's fo rmer Dollars 33bn official debt agreed by the Paris Club in April, 1991. Ser vicing the foreign debt will be expensive, costing around Dollars 6bn annual ly by the middle of the next decade. But, short term, Poland's reserves rose last year to Dollars 7.6bn in spite of a Dollars 2.3bn trade deficit last y ear and the London Club agreement should make future borrowing easier. The s tronger reserve position is accounted for partly by the spending of foreigne rs, including planeloads of shoppers from oil-rich Russian towns and more th an 45m German day-trippers attracted by cheaper shopping. But reserves have also benefited from rising foreign investment in the Warsaw stock exchange a nd in Polish companies and from the capital flight out of Russia last year. Several other indicators also suggest that real incomes and the level of ove rall economic activity are probably higher than officially stated. An 11 per cent rise in retail sales in real terms last year, indicates that disposabl e incomes have been rising although official statistics point to a further 2 .9 per cent decline in average real wages last year. The progress already ma de is impressive. Most subsidies and distortions have been removed, many of the most energy intensive and polluting factories, mines and plants have bee n closed, restructured or down-sized. More than 60 per cent of the economy i s now privatised and several former loss-making state sector companies, even in traditional sectors such as shipbuilding have been turned around. Once s taid foreign trade organisations, like Budimex and Elektrim, have been priva tised and transformed into internationally competitive companies which could form the core of future 'national champions'. The Polish economy still has a long way to go before it can deliver western living standards. But unemplo yment should peak and start to fall in 1994 as higher investment gets under way. This will ensure the sustainability of an upswing which is already well into its second year and could last for years, provided it is not choked by inflationary increases in public spending and incomes. Countri es:- PLZ Poland, East Europe. Industries:- P 9311 Finance, Taxation, and Monetary Policy. Types:- CM MT Comment & Analysis. ECON Gross domestic product. ECON Inflatio n. ECON Industrial production. The Financial Times

London Page II ============= Transaction # 162 ============================================== Transaction #: 162 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:56:53 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 16:56:53 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 5 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {increase of tourism}) and (topic {south america})" ============= Transaction # 163 ============================================== Transaction #: 163 Transaction Code: 37 (General (non-Tcl) Error) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: {ERR {Status -1} {Received 0} {Position 1} {Set Default} {NextPosition 1}} { Present failed: Record exceeds Maximum-record-size -- 0} ============= Transaction # 164 ============================================== Transaction #: 164 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 762 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 165 ============================================== Transaction #: 165 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:57:24 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 16:57:24 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 5 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {increase of tourism}) and (topic {south america})" ============= Transaction # 166 ============================================== Transaction #: 166 Transaction Code: 37 (General (non-Tcl) Error) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: {ERR {Status -1} {Received 0} {Position 1} {Set Default} {NextPosition 1}} { Present failed: Record exceeds Maximum-record-size -- 0} ============= Transaction # 167 ============================================== Transaction #: 167 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 762 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 168 ============================================== Transaction #: 168 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:57:55 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 16:57:55 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 5 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {increase of tourism}) and (topic {central america})" ============= Transaction # 169 ============================================== Transaction #: 169 Transaction Code: 37 (General (non-Tcl) Error) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: {ERR {Status -1} {Received 0} {Position 5} {Set Default} {NextPosition 5}} { Present failed: Record exceeds Maximum-record-size -- 0} ============= Transaction # 170 ============================================== Transaction #: 170 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 635 Help Code: 0 # Displayed: 4 Help ID: 0 Associated Variable Length Text: ============= Transaction # 171 ============================================== Transaction #: 171 Transaction Code: 37 (General (non-Tcl) Error) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: {ERR {Status -1} {Received 0} {Position 5} {Set Default} {NextPosition 5}} { Present failed: Record exceeds Maximum-record-size -- 0} ============= Transaction # 172 ============================================== Transaction #: 172 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 635 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 173 ============================================== Transaction #: 173 Transaction Code: 37 (General (non-Tcl) Error) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: {ERR {Status -1} {Received 0} {Position 5} {Set Default} {NextPosition 5}} { Present failed: Record exceeds Maximum-record-size -- 0} ============= Transaction # 174 ============================================== Transaction #: 174 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 635 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 175 ============================================== Transaction #: 175 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 16:58:58 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 16:58:58 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 6 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {increase of tourism in south america})" ============= Transaction # 176 ============================================== Transaction #: 176 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 71683 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 177 ============================================== Transaction #: 177 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-17376 _AN-EAECPABFFT 940 105 FT 05 JAN 94 / World Trade News: Global tourism clim bs by 3.8% By MICHAEL SKAPINKER, Leisure Industries Correspondent The number of international tourist arrivals worldwide last year was about 500m, a 3.8 per cent increase over 1992, accor ding to the World Tourism Organisation. International tourism receipts rose 9 per cent to Dollars 324bn (Pounds 219bn). The East Asian and Pacific regio n recorded the highest level of growth last year, with arrivals up 11.8 per cent to 68.5m. Tourist receipts in the region rose 15.2 per cent to Dollars 52.6bn. The Americas recorded the second highest growth, with arrivals up 5. 6 per cent to 106.5m and receipts up 14.3 per cent to Dollars 95.5bn. Travel within North America fell as a result of difficult economic conditions but tourists from Europe compensated for the shortfall. The Caribbean and Latin America had a successful year, the organisation said. Europe remained the wo rld's largest tourist destination, with 296.5m arrivals last year and receip ts of Dollars 162.6bn. This represented growth over 1992 of 2.1 per cent and 5.7 per cent respectively. Northern European countries had a difficult year , while eastern and central European destinations recorded strong growth. Th e eastern Mediterranean held up well. Growth in tourism to Africa was also l imited, with arrivals up 2 per cent to 17.9m. Tourism receipts were healthie r, however, growing 8.7 per cent to Dollars 6.4bn. The losers last year were the Middle East and south Asia. The organisation said the Middle East had f ailed to maintain its post-Gulf war promise, with arrivals down 8.4 per cent to 7.2m. Receipts fell 7.4 per cent to Dollars 4.9bn. In south Asia, arriva ls fell by 1.4 per cent to 3.4m, with receipts down 2.9 per cent to Dollars 2bn. The organisation said it expected international tourist arrivals to ris e to 661m by 2000 and to 937m by 2010. Countries:- XB Z North America. XEZ South America. XGZ Europe. XOZ Asia. Industries:- P7999 Amusement and Recreation, NEC. < XX> Types:- NEWS General News. The Financial Times

London Page 4 ============= Transaction # 178 ============================================== Transaction #: 178 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-17376 _AN-EAECPABFFT 940 105 FT 05 JAN 94 / World Trade News: Global tourism clim bs by 3.8% By MICHAEL SKAPINKER, Leisure Industries Correspondent The number of international tourist arrivals worldwide last year was about 500m, a 3.8 per cent increase over 1992, accor ding to the World Tourism Organisation. International tourism receipts rose 9 per cent to Dollars 324bn (Pounds 219bn). The East Asian and Pacific regio n recorded the highest level of growth last year, with arrivals up 11.8 per cent to 68.5m. Tourist receipts in the region rose 15.2 per cent to Dollars 52.6bn. The Americas recorded the second highest growth, with arrivals up 5. 6 per cent to 106.5m and receipts up 14.3 per cent to Dollars 95.5bn. Travel within North America fell as a result of difficult economic conditions but tourists from Europe compensated for the shortfall. The Caribbean and Latin America had a successful year, the organisation said. Europe remained the wo rld's largest tourist destination, with 296.5m arrivals last year and receip ts of Dollars 162.6bn. This represented growth over 1992 of 2.1 per cent and 5.7 per cent respectively. Northern European countries had a difficult year , while eastern and central European destinations recorded strong growth. Th e eastern Mediterranean held up well. Growth in tourism to Africa was also l imited, with arrivals up 2 per cent to 17.9m. Tourism receipts were healthie r, however, growing 8.7 per cent to Dollars 6.4bn. The losers last year were the Middle East and south Asia. The organisation said the Middle East had f ailed to maintain its post-Gulf war promise, with arrivals down 8.4 per cent to 7.2m. Receipts fell 7.4 per cent to Dollars 4.9bn. In south Asia, arriva ls fell by 1.4 per cent to 3.4m, with receipts down 2.9 per cent to Dollars 2bn. The organisation said it expected international tourist arrivals to ris e to 661m by 2000 and to 937m by 2010. Countries:- XB Z North America. XEZ South America. XGZ Europe. XOZ Asia. Industries:- P7999 Amusement and Recreation, NEC. < XX> Types:- NEWS General News. The Financial Times

London Page 4 ============= Transaction # 179 ============================================== Transaction #: 179 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT941-17376 _AN-EAECPABFFT 940 105 FT 05 JAN 94 / World Trade News: Global tourism clim bs by 3.8% By MICHAEL SKAPINKER, Leisure Industries Correspondent The number of international tourist arrivals worldwide last year was about 500m, a 3.8 per cent increase over 1992, accor ding to the World Tourism Organisation. International tourism receipts rose 9 per cent to Dollars 324bn (Pounds 219bn). The East Asian and Pacific regio n recorded the highest level of growth last year, with arrivals up 11.8 per cent to 68.5m. Tourist receipts in the region rose 15.2 per cent to Dollars 52.6bn. The Americas recorded the second highest growth, with arrivals up 5. 6 per cent to 106.5m and receipts up 14.3 per cent to Dollars 95.5bn. Travel within North America fell as a result of difficult economic conditions but tourists from Europe compensated for the shortfall. The Caribbean and Latin America had a successful year, the organisation said. Europe remained the wo rld's largest tourist destination, with 296.5m arrivals last year and receip ts of Dollars 162.6bn. This represented growth over 1992 of 2.1 per cent and 5.7 per cent respectively. Northern European countries had a difficult year , while eastern and central European destinations recorded strong growth. Th e eastern Mediterranean held up well. Growth in tourism to Africa was also l imited, with arrivals up 2 per cent to 17.9m. Tourism receipts were healthie r, however, growing 8.7 per cent to Dollars 6.4bn. The losers last year were the Middle East and south Asia. The organisation said the Middle East had f ailed to maintain its post-Gulf war promise, with arrivals down 8.4 per cent to 7.2m. Receipts fell 7.4 per cent to Dollars 4.9bn. In south Asia, arriva ls fell by 1.4 per cent to 3.4m, with receipts down 2.9 per cent to Dollars 2bn. The organisation said it expected international tourist arrivals to ris e to 661m by 2000 and to 937m by 2010. Countries:- XB Z North America. XEZ South America. XGZ Europe. XOZ Asia. Industries:- P7999 Amusement and Recreation, NEC. < XX> Types:- NEWS General News. The Financial Times

London Page 4 ============= Transaction # 180 ============================================== Transaction #: 180 Transaction Code: 15 (Terms Cleared) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: ============= Transaction # 181 ============================================== Transaction #: 181 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:02:32 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:02:32 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 2 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tropical storms})" ============= Transaction # 182 ============================================== Transaction #: 182 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 2304 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 183 ============================================== Transaction #: 183 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-2749 _AN-EIRAQACEFT 9409 17 FT 17 SEP 94 / UK Company News: Tropical storm disrup ts Geest's banana supplies By DAVID BLACKWELL Banana supplies to Geest, whose shares fell sharply early in the year following disease on its Costa Rican plantations, have been hit by a tr opical storm in the Windward Islands. Shares in the group fell 30p to 211p, almost half the year's high of 375p. Tropical Storm Debbie hit the islands a week ago, causing extensive flooding around St Lucia and damage to roads an d bridges. Geest, which is under contract to ship all the islands' bananas, estimates that output will be 40 per cent down. It expects to load only 2,40 0 tonnes a week, compared with a normal load of 4,000 tonnes. The islands, w hich usually provide more than half the group's total banana volume, are not expected to return to full production until the end of next year. The EC's Banana Management Committee, which meets next Wednesday, will consider how t he disaster should be treated under the banana import regime. Mr David Sugde n, Geest's chief executive, said the group was lobbying the European Commiss ion to allow it to buy bananas from other sources to make up the shortfall, and import them into the UK at the same tariff. He attacked the political un certainty still surrounding the regime, as it is unclear whether the commiss ion has the power to determine the tariff on alternative supplies. 'It is a nonsense that, a year into the regime, we are sitting here in this position because of an incident that was eminently foreseeable.' He is expecting some support from the French as the banana industry in Martinique also suffered from the storm. Geest will announce its interim results next Thursday. The C ity is expecting about Pounds 12m, against Pounds 3.5m, following improved b anana prices. Companies:- Geest. Countries :- CRZ Costa Rica, Central America. Industries:- P0179 Fruits and Tree Nuts, NEC. Types:- MKTS Pro duction. The Financial Times London Page 11 ============= Transaction # 184 ============================================== Transaction #: 184 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-2749 _AN-EIRAQACEFT 9409 17 FT 17 SEP 94 / UK Company News: Tropical storm disrup ts Geest's banana supplies By DAVID BLACKWELL Banana supplies to Geest, whose shares fell sharply early in the year following disease on its Costa Rican plantations, have been hit by a tr opical storm in the Windward Islands. Shares in the group fell 30p to 211p, almost half the year's high of 375p. Tropical Storm Debbie hit the islands a week ago, causing extensive flooding around St Lucia and damage to roads an d bridges. Geest, which is under contract to ship all the islands' bananas, estimates that output will be 40 per cent down. It expects to load only 2,40 0 tonnes a week, compared with a normal load of 4,000 tonnes. The islands, w hich usually provide more than half the group's total banana volume, are not expected to return to full production until the end of next year. The EC's Banana Management Committee, which meets next Wednesday, will consider how t he disaster should be treated under the banana import regime. Mr David Sugde n, Geest's chief executive, said the group was lobbying the European Commiss ion to allow it to buy bananas from other sources to make up the shortfall, and import them into the UK at the same tariff. He attacked the political un certainty still surrounding the regime, as it is unclear whether the commiss ion has the power to determine the tariff on alternative supplies. 'It is a nonsense that, a year into the regime, we are sitting here in this position because of an incident that was eminently foreseeable.' He is expecting some support from the French as the banana industry in Martinique also suffered from the storm. Geest will announce its interim results next Thursday. The C ity is expecting about Pounds 12m, against Pounds 3.5m, following improved b anana prices. Companies:- Geest. Countries :- CRZ Costa Rica, Central America. Industries:- P0179 Fruits and Tree Nuts, NEC. Types:- MKTS Pro duction. The Financial Times London Page 11 ============= Transaction # 185 ============================================== Transaction #: 185 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-2749 _AN-EIRAQACEFT 9409 17 FT 17 SEP 94 / UK Company News: Tropical storm disrup ts Geest's banana supplies By DAVID BLACKWELL Banana supplies to Geest, whose shares fell sharply early in the year following disease on its Costa Rican plantations, have been hit by a tr opical storm in the Windward Islands. Shares in the group fell 30p to 211p, almost half the year's high of 375p. Tropical Storm Debbie hit the islands a week ago, causing extensive flooding around St Lucia and damage to roads an d bridges. Geest, which is under contract to ship all the islands' bananas, estimates that output will be 40 per cent down. It expects to load only 2,40 0 tonnes a week, compared with a normal load of 4,000 tonnes. The islands, w hich usually provide more than half the group's total banana volume, are not expected to return to full production until the end of next year. The EC's Banana Management Committee, which meets next Wednesday, will consider how t he disaster should be treated under the banana import regime. Mr David Sugde n, Geest's chief executive, said the group was lobbying the European Commiss ion to allow it to buy bananas from other sources to make up the shortfall, and import them into the UK at the same tariff. He attacked the political un certainty still surrounding the regime, as it is unclear whether the commiss ion has the power to determine the tariff on alternative supplies. 'It is a nonsense that, a year into the regime, we are sitting here in this position because of an incident that was eminently foreseeable.' He is expecting some support from the French as the banana industry in Martinique also suffered from the storm. Geest will announce its interim results next Thursday. The C ity is expecting about Pounds 12m, against Pounds 3.5m, following improved b anana prices. Companies:- Geest. Countries :- CRZ Costa Rica, Central America. Industries:- P0179 Fruits and Tree Nuts, NEC. Types:- MKTS Pro duction. The Financial Times London Page 11 ============= Transaction # 186 ============================================== Transaction #: 186 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-2749 _AN-EIRAQACEFT 9409 17 FT 17 SEP 94 / UK Company News: Tropical storm disrup ts Geest's banana supplies By DAVID BLACKWELL Banana supplies to Geest, whose shares fell sharply early in the year following disease on its Costa Rican plantations, have been hit by a tr opical storm in the Windward Islands. Shares in the group fell 30p to 211p, almost half the year's high of 375p. Tropical Storm Debbie hit the islands a week ago, causing extensive flooding around St Lucia and damage to roads an d bridges. Geest, which is under contract to ship all the islands' bananas, estimates that output will be 40 per cent down. It expects to load only 2,40 0 tonnes a week, compared with a normal load of 4,000 tonnes. The islands, w hich usually provide more than half the group's total banana volume, are not expected to return to full production until the end of next year. The EC's Banana Management Committee, which meets next Wednesday, will consider how t he disaster should be treated under the banana import regime. Mr David Sugde n, Geest's chief executive, said the group was lobbying the European Commiss ion to allow it to buy bananas from other sources to make up the shortfall, and import them into the UK at the same tariff. He attacked the political un certainty still surrounding the regime, as it is unclear whether the commiss ion has the power to determine the tariff on alternative supplies. 'It is a nonsense that, a year into the regime, we are sitting here in this position because of an incident that was eminently foreseeable.' He is expecting some support from the French as the banana industry in Martinique also suffered from the storm. Geest will announce its interim results next Thursday. The C ity is expecting about Pounds 12m, against Pounds 3.5m, following improved b anana prices. Companies:- Geest. Countries :- CRZ Costa Rica, Central America. Industries:- P0179 Fruits and Tree Nuts, NEC. Types:- MKTS Pro duction. The Financial Times London Page 11 ============= Transaction # 187 ============================================== Transaction #: 187 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-1747 _AN-CIWCOAE3FT 9209 22 FT 22 SEP 92 / World News in Brief: Storm hits Philip pines Tropical Storm Ted ripped across the Philippines, k illing five people, demolishing houses and causing floods, landslides and vo lcanic mudflows. The Financial Times Internationa l Page 1 ============= Transaction # 188 ============================================== Transaction #: 188 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-1747 _AN-CIWCOAE3FT 9209 22 FT 22 SEP 92 / World News in Brief: Storm hits Philip pines Tropical Storm Ted ripped across the Philippines, k illing five people, demolishing houses and causing floods, landslides and vo lcanic mudflows. The Financial Times Internationa l Page 1 ============= Transaction # 189 ============================================== Transaction #: 189 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-1747 _AN-CIWCOAE3FT 9209 22 FT 22 SEP 92 / World News in Brief: Storm hits Philip pines Tropical Storm Ted ripped across the Philippines, k illing five people, demolishing houses and causing floods, landslides and vo lcanic mudflows. The Financial Times Internationa l Page 1 ============= Transaction # 190 ============================================== Transaction #: 190 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-8357 _AN-DHQCUAF9FT 9308 16 FT 16 AUG 93 / World News in Brief: Storm hits Martin ique A three-year-old girl was missing, believed drowned, and about 10 people were injured as tropical storm Cindy swept the French C aribbean island of Martinique, leaving 3,000 homeless. Countrie s:- MQZ Martinique, Caribbean. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natura l resources. The Financial Times International Page 1 ============= Transaction # 191 ============================================== Transaction #: 191 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-8357 _AN-DHQCUAF9FT 9308 16 FT 16 AUG 93 / World News in Brief: Storm hits Martin ique A three-year-old girl was missing, believed drowned, and about 10 people were injured as tropical storm Cindy swept the French C aribbean island of Martinique, leaving 3,000 homeless. Countrie s:- MQZ Martinique, Caribbean. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natura l resources. The Financial Times International Page 1 ============= Transaction # 192 ============================================== Transaction #: 192 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-8357 _AN-DHQCUAF9FT 9308 16 FT 16 AUG 93 / World News in Brief: Storm hits Martin ique A three-year-old girl was missing, believed drowned, and about 10 people were injured as tropical storm Cindy swept the French C aribbean island of Martinique, leaving 3,000 homeless. Countrie s:- MQZ Martinique, Caribbean. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natura l resources. The Financial Times International Page 1 ============= Transaction # 193 ============================================== Transaction #: 193 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-9488 _AN-DHJCNABKFT 9308 10 FT 10 AUG 93 / High death toll in Caracas storm By JOSEPH MANN CARACAS VENEZUELAN firemen and civil defence crews were yesterday pulling b odies out of the wreckage of shanty towns ringing Caracas, after tropical st orm Bret hit at the weekend. The storm killed about 150 people in the capita l, according to reports. Hundreds have been injured and thousands left homel ess. Yesterday, residents were clearing up after the rains (picture left). M ost of the damage occurred in the Caracas metropolitan area, where heavy rai ns on Sunday morning battered slum dwellings perched on the city's many hill s, causing mudslides and burying people alive. The total number of victims w as still in doubt yesterday and the government had not issued official figur es. Caracas newspapers estimated fatalities nationwide could exceed 300. The US National Weather Service said yesterday that Bret, which was breaking up as it moved off the Colombian coast, could gain strength before passing ove r Central America. The government of Venezuelan President Ramon Jose Velasqu ez of has declared a state of national mourning. Despite a big fiscal defici t, officials are looking for ways to release funds for emergency relief. Countries:- VEZ Venezuela, South America. In dustries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Times London Page 4 ============= Transaction # 194 ============================================== Transaction #: 194 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 2304 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 195 ============================================== Transaction #: 195 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 14 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15195 _AN-EGKDTACRFT 940 711 FT 11 JUL 94 / Business Travel (Update): Taiwan typh oon By DAVID OWEN Typhoon Tim lashe d eastern Taiwan with strong winds and heavy rain yesterday, forcing the sus pension of flights to two offshore islets. Taiwanese officials said an impor tant highway in Hualien city was closed because of landslides set off by the torrential downpour. In the Philippines, the Manila weather bureau said ano ther tropical storm, Vanessa, had developed in the South China Sea and was b ringing strong winds and heavy rains to the main Philippine island, Luzon. < /TEXT> Countries:- TWZ Taiwan, Asia. PHZ Philippines, A sia. Industries:- P9229 Public Order and Safety, NEC. < /IN> Types:- RES Natural resources. The Financial Times London Page 14 ============= Transaction # 196 ============================================== Transaction #: 196 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 14 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15195 _AN-EGKDTACRFT 940 711 FT 11 JUL 94 / Business Travel (Update): Taiwan typh oon By DAVID OWEN Typhoon Tim lashe d eastern Taiwan with strong winds and heavy rain yesterday, forcing the sus pension of flights to two offshore islets. Taiwanese officials said an impor tant highway in Hualien city was closed because of landslides set off by the torrential downpour. In the Philippines, the Manila weather bureau said ano ther tropical storm, Vanessa, had developed in the South China Sea and was b ringing strong winds and heavy rains to the main Philippine island, Luzon. < /TEXT> Countries:- TWZ Taiwan, Asia. PHZ Philippines, A sia. Industries:- P9229 Public Order and Safety, NEC. < /IN> Types:- RES Natural resources. The Financial Times London Page 14 ============= Transaction # 197 ============================================== Transaction #: 197 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-9488 _AN-DHJCNABKFT 9308 10 FT 10 AUG 93 / High death toll in Caracas storm By JOSEPH MANN CARACAS VENEZUELAN firemen and civil defence crews were yesterday pulling b odies out of the wreckage of shanty towns ringing Caracas, after tropical st orm Bret hit at the weekend. The storm killed about 150 people in the capita l, according to reports. Hundreds have been injured and thousands left homel ess. Yesterday, residents were clearing up after the rains (picture left). M ost of the damage occurred in the Caracas metropolitan area, where heavy rai ns on Sunday morning battered slum dwellings perched on the city's many hill s, causing mudslides and burying people alive. The total number of victims w as still in doubt yesterday and the government had not issued official figur es. Caracas newspapers estimated fatalities nationwide could exceed 300. The US National Weather Service said yesterday that Bret, which was breaking up as it moved off the Colombian coast, could gain strength before passing ove r Central America. The government of Venezuelan President Ramon Jose Velasqu ez of has declared a state of national mourning. Despite a big fiscal defici t, officials are looking for ways to release funds for emergency relief. Countries:- VEZ Venezuela, South America. In dustries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Times London Page 4 ============= Transaction # 198 ============================================== Transaction #: 198 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 14 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15195 _AN-EGKDTACRFT 940 711 FT 11 JUL 94 / Business Travel (Update): Taiwan typh oon By DAVID OWEN Typhoon Tim lashe d eastern Taiwan with strong winds and heavy rain yesterday, forcing the sus pension of flights to two offshore islets. Taiwanese officials said an impor tant highway in Hualien city was closed because of landslides set off by the torrential downpour. In the Philippines, the Manila weather bureau said ano ther tropical storm, Vanessa, had developed in the South China Sea and was b ringing strong winds and heavy rains to the main Philippine island, Luzon. < /TEXT> Countries:- TWZ Taiwan, Asia. PHZ Philippines, A sia. Industries:- P9229 Public Order and Safety, NEC. < /IN> Types:- RES Natural resources. The Financial Times London Page 14 ============= Transaction # 199 ============================================== Transaction #: 199 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 15 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15451 _AN-EGJAPAA1FT 940 709 FT 09 JUL 94 / Georgia awash after Alberto brings fl oods Muddy floodwaters cover the streets of downtown Mont ezuma, Georgia, yesterday as the remnants of tropical storm Alberto drenched the state for a fourth day, leaving damage estimated at over Dollars 100m. At least 19 people were reported to have died in Georgia and another in Alab ama. The city of Albany, 175 miles south of Atlanta along the swollen Flint River, evacuated some 15,000 people to higher ground as coffins floated in c emeteries. Across the US, at least 12 firefighters were reported to have die d when they were overrun by a forest fire in the Rockies about 120 miles wes t of Denver. Countries:- USZ United States of Americ a. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 4 ============= Transaction # 200 ============================================== Transaction #: 200 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 19 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-6038 _AN-CH1BVABKFT 9208 27 FT 27 AUG 92 / Hurricane batters southern US but lets insurers off lightly By MARTIN DICKSON and ROBERT P ESTON NEW YORK, LONDON HURRICANE Andrew, claimed to be the costliest natural disaster in US history, yesterda y smashed its way through the state of Louisiana, inflicting severe damage o n rural communities but narrowly missing the low-lying city of New Orleans. The storm, which brought havoc to southern Florida on Monday and then headed north-west across the Gulf of Mexico, had made landfall late on Tuesday nig ht some 60 miles south-west of the city in the agricultural Cajun country. A lthough the damage from the hurricane's landfall in Florida on Monday was mu ch greater than initially esti mated, insurers' losses there are likely to t otal less than Dollars 1bn, well below earlier expectations, a senior member of Lloyd's insurance market said yesterday. In Louisiana, the hurricane lan ded with wind speeds of about 120 miles per hour and caused severe damage in small coastal centres such as Morgan City, Franklin and New Iberia. Associa ted tornadoes devastated Laplace, 20 miles west of New Orleans. Then, howeve r, Andrew lost force as it moved north over land. By yesterday afternoon, it had been down-graded to tropical storm, in that its sustained windspeeds we re below 75 mph. Initial reports said at least one person had died, 75 been injured and thousands made homeless along the Louisiana coast, after 14 conf irmed deaths in Florida and three in the Bahamas. The storm caused little da mage to Louisiana's important oil-refining industry, although some plants ha d to halt production when electricity was cut. The Lloyd's member, in close contact with leading insurers in Florida, said that damage to insured proper ty was remarkably small. More than Dollars 15bn of damage may have been caus ed in all, but was mostly to uninsured property, he said. In north Miami, da mage is minimal. Worst affected is one hotel, whose basement was flooded. Mo st of the destruction occurred in a 10-mile band across Homestead, 25 miles to the south of Miami, where a typical house sells for Dollars 100,000 to Do llars 150,000. US insurers will face a bill in respect of such properties, b ut Lloyd's exposure there is minimal. Many destroyed power lines are thought to be uninsured, as are trees and shrubs uprooted across a wide area. Only one big hotel in that area has been badly damaged, a Holiday Inn. Across Flo rida, some 2m people remained without electric ity yesterday and health offi cials were warning the public to boil or chemically treat all water. Hurrica ne Hugo, which devastated much of South Carolina in 1989, cost the insurance industry some Dollars 4.2bn. Further uninsured losses may have raised the t otal to Dollars 6bn-Dollars 10bn. The Financial Times

London Page 6 ============= Transaction # 201 ============================================== Transaction #: 201 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 19 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-6038 _AN-CH1BVABKFT 9208 27 FT 27 AUG 92 / Hurricane batters southern US but lets insurers off lightly By MARTIN DICKSON and ROBERT P ESTON NEW YORK, LONDON HURRICANE Andrew, claimed to be the costliest natural disaster in US history, yesterda y smashed its way through the state of Louisiana, inflicting severe damage o n rural communities but narrowly missing the low-lying city of New Orleans. The storm, which brought havoc to southern Florida on Monday and then headed north-west across the Gulf of Mexico, had made landfall late on Tuesday nig ht some 60 miles south-west of the city in the agricultural Cajun country. A lthough the damage from the hurricane's landfall in Florida on Monday was mu ch greater than initially esti mated, insurers' losses there are likely to t otal less than Dollars 1bn, well below earlier expectations, a senior member of Lloyd's insurance market said yesterday. In Louisiana, the hurricane lan ded with wind speeds of about 120 miles per hour and caused severe damage in small coastal centres such as Morgan City, Franklin and New Iberia. Associa ted tornadoes devastated Laplace, 20 miles west of New Orleans. Then, howeve r, Andrew lost force as it moved north over land. By yesterday afternoon, it had been down-graded to tropical storm, in that its sustained windspeeds we re below 75 mph. Initial reports said at least one person had died, 75 been injured and thousands made homeless along the Louisiana coast, after 14 conf irmed deaths in Florida and three in the Bahamas. The storm caused little da mage to Louisiana's important oil-refining industry, although some plants ha d to halt production when electricity was cut. The Lloyd's member, in close contact with leading insurers in Florida, said that damage to insured proper ty was remarkably small. More than Dollars 15bn of damage may have been caus ed in all, but was mostly to uninsured property, he said. In north Miami, da mage is minimal. Worst affected is one hotel, whose basement was flooded. Mo st of the destruction occurred in a 10-mile band across Homestead, 25 miles to the south of Miami, where a typical house sells for Dollars 100,000 to Do llars 150,000. US insurers will face a bill in respect of such properties, b ut Lloyd's exposure there is minimal. Many destroyed power lines are thought to be uninsured, as are trees and shrubs uprooted across a wide area. Only one big hotel in that area has been badly damaged, a Holiday Inn. Across Flo rida, some 2m people remained without electric ity yesterday and health offi cials were warning the public to boil or chemically treat all water. Hurrica ne Hugo, which devastated much of South Carolina in 1989, cost the insurance industry some Dollars 4.2bn. Further uninsured losses may have raised the t otal to Dollars 6bn-Dollars 10bn. The Financial Times

London Page 6 ============= Transaction # 202 ============================================== Transaction #: 202 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 15 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15451 _AN-EGJAPAA1FT 940 709 FT 09 JUL 94 / Georgia awash after Alberto brings fl oods Muddy floodwaters cover the streets of downtown Mont ezuma, Georgia, yesterday as the remnants of tropical storm Alberto drenched the state for a fourth day, leaving damage estimated at over Dollars 100m. At least 19 people were reported to have died in Georgia and another in Alab ama. The city of Albany, 175 miles south of Atlanta along the swollen Flint River, evacuated some 15,000 people to higher ground as coffins floated in c emeteries. Across the US, at least 12 firefighters were reported to have die d when they were overrun by a forest fire in the Rockies about 120 miles wes t of Denver. Countries:- USZ United States of Americ a. Industries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times London Page 4 ============= Transaction # 203 ============================================== Transaction #: 203 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 19 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-6038 _AN-CH1BVABKFT 9208 27 FT 27 AUG 92 / Hurricane batters southern US but lets insurers off lightly By MARTIN DICKSON and ROBERT P ESTON NEW YORK, LONDON HURRICANE Andrew, claimed to be the costliest natural disaster in US history, yesterda y smashed its way through the state of Louisiana, inflicting severe damage o n rural communities but narrowly missing the low-lying city of New Orleans. The storm, which brought havoc to southern Florida on Monday and then headed north-west across the Gulf of Mexico, had made landfall late on Tuesday nig ht some 60 miles south-west of the city in the agricultural Cajun country. A lthough the damage from the hurricane's landfall in Florida on Monday was mu ch greater than initially esti mated, insurers' losses there are likely to t otal less than Dollars 1bn, well below earlier expectations, a senior member of Lloyd's insurance market said yesterday. In Louisiana, the hurricane lan ded with wind speeds of about 120 miles per hour and caused severe damage in small coastal centres such as Morgan City, Franklin and New Iberia. Associa ted tornadoes devastated Laplace, 20 miles west of New Orleans. Then, howeve r, Andrew lost force as it moved north over land. By yesterday afternoon, it had been down-graded to tropical storm, in that its sustained windspeeds we re below 75 mph. Initial reports said at least one person had died, 75 been injured and thousands made homeless along the Louisiana coast, after 14 conf irmed deaths in Florida and three in the Bahamas. The storm caused little da mage to Louisiana's important oil-refining industry, although some plants ha d to halt production when electricity was cut. The Lloyd's member, in close contact with leading insurers in Florida, said that damage to insured proper ty was remarkably small. More than Dollars 15bn of damage may have been caus ed in all, but was mostly to uninsured property, he said. In north Miami, da mage is minimal. Worst affected is one hotel, whose basement was flooded. Mo st of the destruction occurred in a 10-mile band across Homestead, 25 miles to the south of Miami, where a typical house sells for Dollars 100,000 to Do llars 150,000. US insurers will face a bill in respect of such properties, b ut Lloyd's exposure there is minimal. Many destroyed power lines are thought to be uninsured, as are trees and shrubs uprooted across a wide area. Only one big hotel in that area has been badly damaged, a Holiday Inn. Across Flo rida, some 2m people remained without electric ity yesterday and health offi cials were warning the public to boil or chemically treat all water. Hurrica ne Hugo, which devastated much of South Carolina in 1989, cost the insurance industry some Dollars 4.2bn. Further uninsured losses may have raised the t otal to Dollars 6bn-Dollars 10bn. The Financial Times

London Page 6 ============= Transaction # 204 ============================================== Transaction #: 204 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: and Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 2304 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 205 ============================================== Transaction #: 205 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:09:16 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:09:16 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 3 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tropical storms}) not (topic {timber})" ============= Transaction # 206 ============================================== Transaction #: 206 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 2205 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 207 ============================================== Transaction #: 207 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-1747 _AN-CIWCOAE3FT 9209 22 FT 22 SEP 92 / World News in Brief: Storm hits Philip pines Tropical Storm Ted ripped across the Philippines, k illing five people, demolishing houses and causing floods, landslides and vo lcanic mudflows. The Financial Times Internationa l Page 1 ============= Transaction # 208 ============================================== Transaction #: 208 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-1747 _AN-CIWCOAE3FT 9209 22 FT 22 SEP 92 / World News in Brief: Storm hits Philip pines Tropical Storm Ted ripped across the Philippines, k illing five people, demolishing houses and causing floods, landslides and vo lcanic mudflows. The Financial Times Internationa l Page 1 ============= Transaction # 209 ============================================== Transaction #: 209 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-1747 _AN-CIWCOAE3FT 9209 22 FT 22 SEP 92 / World News in Brief: Storm hits Philip pines Tropical Storm Ted ripped across the Philippines, k illing five people, demolishing houses and causing floods, landslides and vo lcanic mudflows. The Financial Times Internationa l Page 1 ============= Transaction # 210 ============================================== Transaction #: 210 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-9488 _AN-DHJCNABKFT 9308 10 FT 10 AUG 93 / High death toll in Caracas storm By JOSEPH MANN CARACAS VENEZUELAN firemen and civil defence crews were yesterday pulling b odies out of the wreckage of shanty towns ringing Caracas, after tropical st orm Bret hit at the weekend. The storm killed about 150 people in the capita l, according to reports. Hundreds have been injured and thousands left homel ess. Yesterday, residents were clearing up after the rains (picture left). M ost of the damage occurred in the Caracas metropolitan area, where heavy rai ns on Sunday morning battered slum dwellings perched on the city's many hill s, causing mudslides and burying people alive. The total number of victims w as still in doubt yesterday and the government had not issued official figur es. Caracas newspapers estimated fatalities nationwide could exceed 300. The US National Weather Service said yesterday that Bret, which was breaking up as it moved off the Colombian coast, could gain strength before passing ove r Central America. The government of Venezuelan President Ramon Jose Velasqu ez of has declared a state of national mourning. Despite a big fiscal defici t, officials are looking for ways to release funds for emergency relief. Countries:- VEZ Venezuela, South America. In dustries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Times London Page 4 ============= Transaction # 211 ============================================== Transaction #: 211 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-9488 _AN-DHJCNABKFT 9308 10 FT 10 AUG 93 / High death toll in Caracas storm By JOSEPH MANN CARACAS VENEZUELAN firemen and civil defence crews were yesterday pulling b odies out of the wreckage of shanty towns ringing Caracas, after tropical st orm Bret hit at the weekend. The storm killed about 150 people in the capita l, according to reports. Hundreds have been injured and thousands left homel ess. Yesterday, residents were clearing up after the rains (picture left). M ost of the damage occurred in the Caracas metropolitan area, where heavy rai ns on Sunday morning battered slum dwellings perched on the city's many hill s, causing mudslides and burying people alive. The total number of victims w as still in doubt yesterday and the government had not issued official figur es. Caracas newspapers estimated fatalities nationwide could exceed 300. The US National Weather Service said yesterday that Bret, which was breaking up as it moved off the Colombian coast, could gain strength before passing ove r Central America. The government of Venezuelan President Ramon Jose Velasqu ez of has declared a state of national mourning. Despite a big fiscal defici t, officials are looking for ways to release funds for emergency relief. Countries:- VEZ Venezuela, South America. In dustries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Times London Page 4 ============= Transaction # 212 ============================================== Transaction #: 212 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-9488 _AN-DHJCNABKFT 9308 10 FT 10 AUG 93 / High death toll in Caracas storm By JOSEPH MANN CARACAS VENEZUELAN firemen and civil defence crews were yesterday pulling b odies out of the wreckage of shanty towns ringing Caracas, after tropical st orm Bret hit at the weekend. The storm killed about 150 people in the capita l, according to reports. Hundreds have been injured and thousands left homel ess. Yesterday, residents were clearing up after the rains (picture left). M ost of the damage occurred in the Caracas metropolitan area, where heavy rai ns on Sunday morning battered slum dwellings perched on the city's many hill s, causing mudslides and burying people alive. The total number of victims w as still in doubt yesterday and the government had not issued official figur es. Caracas newspapers estimated fatalities nationwide could exceed 300. The US National Weather Service said yesterday that Bret, which was breaking up as it moved off the Colombian coast, could gain strength before passing ove r Central America. The government of Venezuelan President Ramon Jose Velasqu ez of has declared a state of national mourning. Despite a big fiscal defici t, officials are looking for ways to release funds for emergency relief. Countries:- VEZ Venezuela, South America. In dustries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Times London Page 4 ============= Transaction # 213 ============================================== Transaction #: 213 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 10 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-8104 _AN-DHRCGAAZFT 9308 18 FT 18 AUG 93 / Manila floods continue Residents in the southern suburbs of Manila use guide ropes to steer the m through streets waist deep in water yesterday. Heavy rainfall caused by a tropical storm off the coast has continued to bring severe flooding to low-l ying areas of the Philippine capital Countries:- PHZ Philippines, Asia. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Times London Page 4 ============= Transaction # 214 ============================================== Transaction #: 214 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 2205 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 215 ============================================== Transaction #: 215 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:11:31 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:11:31 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 4 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {tropical storms list}) not (topic {timber})" ============= Transaction # 216 ============================================== Transaction #: 216 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 14809 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 217 ============================================== Transaction #: 217 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:11:55 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:11:55 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 3 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {hurricane data}) not (topic {timber})" ============= Transaction # 218 ============================================== Transaction #: 218 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 9216 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 219 ============================================== Transaction #: 219 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-786 _AN-CI0ADABQFT 92092 6 FT 26 SEP 92 / The Lex Column: US economy Yesterday's US economic data make gloomy reading, with the country ap parently heading towards a third leg of the recession. The brightest spot wa s the 0.1 per cent fall in August personal expenditure. After allowing for d istortions from Hurricane Andrew, that indicates a boost to the economy from consumer spending. However, consumers have been running down savings to pay for spending in recent months. They may not be able to keep that up: the da ta also showed personal income falling by 0.5 per cent. Not surprisingly, fi nancial markets are looking towards a Federal Reserve rate cut after the rel ease of September's employment report next Friday. Even if that happens it i s difficult to see the economy turning up soon. Companies have little reason to invest when both presidential candidates are offering an investment tax credit next year. Consumers may now also defer spending until the election r esult is known. And while US goods are cheap in world markets, even after th e recent rally of the dollar, slow growth around the world means poor export prospects. Wall Street may take some heart from third quarter results which show companies increasing earnings by cutting costs. Yet without a recovery , these savings may be viewed as a one-off gain, making current earnings mul tiples look too high. The Financial Times London Page 24 ============= Transaction # 220 ============================================== Transaction #: 220 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:12:28 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:12:28 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 2 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {hurricanes}) not (topic {timber})" ============= Transaction # 221 ============================================== Transaction #: 221 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 389 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 222 ============================================== Transaction #: 222 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-3529 _AN-CIKCNADLFT 9209 11 FT 11 SEP 92 / Early hurricane claims to Lloyd's put at Pounds 500m By RICHARD LAPPER LO SSES FROM Hurricane Andrew are expected to cost the Lloyd's non-marine under writers less than Pounds 500m, a senior underwriter said yesterday. Mr Georg e Lloyd-Roberts, chairman of the Lloyd's Non-marine Underwriters' Associatio n, said overall insured losses on land from the hurricane, which late last m onth devastated parts of Florida and Louisiana, would probably amount to bet ween Dollars 7bn (Pounds 3.55bn) and Dollars 8bn. Losses offshore, sustained as a result of damage to oil rigs, for example, will also affect Lloyd's, a lthough marine underwriters have yet to provide estimates of potential losse s. Although reinsurers are likely to pay Dollars 6bn of the loss, Lloyd's un derwriters are expecting to pay no more than 15 per cent of that amount, lea ving them with maximum losses of Dollars 900m. Mr Lloyd-Roberts said Lloyd's was less exposed to Hurricane Andrew than it was to Hurricane Hugo, which c aused claims of more than Dollars 5bn in 1989. US insurers had bought less r einsurance after rate increases. In addition, the spiral reinsurance market, in which Lloyd's syndicates and companies reinsure each other's high-level catastrophe exposures, had collapsed. The market would be able to gauge the extent of claims from Andrew much more quickly than with Hurricane Hugo. 'We 're looking at a finite situation,' Mr Lloyd-Roberts said. 'We know how much reinsurance the US companies have bought.' By September 9, London market re insurers had paid claims of Dollars 152m. Lloyd's underwriters had paid out Dollars 72.96m. Lloyd's said yesterday it hoped that 'loss review' investiga tions into syndicates that were overwhelmed by claims from Hurricane Hugo an d other catastrophes between 1987 and 1990 might be ready in the next few we eks. A loss review team investigating the losses of two of those syndicates - 216 and 833/834, which were managed by the Devonshire agency - issued an i nterim report last month. The report said that Names - the individuals whose assets support Lloyd's underwriting - on syndicate 216 had already received cash calls amounting to Pounds 56.86m for 1989 and Pounds 14.14m for 1990, while those on syndicate 833/834 had been asked to pay Pounds 21.73m in 1989 and Pounds 11.04m in 1990. Separately, the Lloyd's council has approved new regulations that will allow syndicates to make greater use of quota share r einsurance bought from outside the Lloyd's market. Syndicates will be able t o underwrite up to 125 per cent of their premium income limit (the maximum a mount of premiums they are allowed to underwrite) if they have re-insurance in place to cover all premiums above 100 per cent. The arrangement will allo w syndicates to underwrite more business at a time of rising premium rates. The Financial Times London Page 8 ============= Transaction # 223 ============================================== Transaction #: 223 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:13:00 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:13:00 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 2 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {hurricanes}) not (topic {andrew})" ============= Transaction # 224 ============================================== Transaction #: 224 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 157 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 225 ============================================== Transaction #: 225 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-2519 _AN-CLNB1AD6FT 9212 12 FT 12 DEC 92 / World News in Brief: Storm batters US east coast A severe winter storm with hurricane force win ds and snow battered the north east coast of the US, causing flooding, power failures and hundreds of accidents, and throwing New York into chaos. Dow d ips as storms keep traders away, Page 23 The Financial Times London Page 1 ============= Transaction # 226 ============================================== Transaction #: 226 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7399 _AN-CHTAOADUFT 9208 18 FT 18 AUG 92 / Houston in a whirl as the party hurric ane hits REPUBLICANS were warned that Houston can be inhospitable not politically necessarily, but climatic ally, write Jurek Martin and Matthew Kaminski in Houston. Thus it seemed a g ood omen that the convention dawned with, by local standards, balmy weather, dry heat in the mid-80s, and coolish nights perfect for the party-going whi ch accompanies these quadrennial bashes, regardless of political affiliation . But it is also hurricane season and, as has been endlessly reported, in pr evious years 10 hurricanes have struck the city between August 17-20, the da ys spanning the convention. The weather service has discovered an ominous tr opical depression in the Gulf of Mexico. If it hits, the Republicans could f ind non-political chaos on their hands. For a start Houston is a city made f or motorists (actually, made only for motorists since public transport is ru dimentary). But it is the constitutional right of every Texan, and most of t he south, to drink and drive, which means the parties have not been affected . Not that every party is necessarily overflowing with the demon drink. Yest erday, for example, the Reverend Pat Robertson, who sought the Republican no mination in 1988, hosted Pat Boone, the 1950s singer turned television evang elist, Vice-President Dan Quayle and Oliver North, of Iran-Contra fame at a 'God and country rally.' As Garry Wills, the astute observer of American pol itics, says: 'The crazies are in charge.' More conventional good 'ole countr y fun is being sponsored by the National Rifle Association - '3,000,000 stro ng and we vote' proclaim the three billboards that surround the convention s ite. The association supports a kind of old west ideal rather than, it seems , the violence and urban blight to be found in economically depressed modern Houston. Also there was Charlton Heston, the hero of many westerns, who is now the gun lobby's pitch man, and Randy Travis, the president's favourite c ountry singer, who can be guaranteed to sing what Republicans hope to make t he mantra of this convention: 'Forever and ever, amen'. Still, the Republica ns are now, in the late Lee Atwater's words, the big tent, tolerant of all s orts of opinion. This is why extra-convention dissent has been confined to a vacant lot across the street from the Astrodome - where signs had to be app roved before coming in. Towering above them is one of the NRA billboards. Th e big tent approach, though, does make for unlikely party bedfellows. It wou ld perhaps be too much to expect the American Israel Political Action Commit tee (AIPAC) to invite Mr Buchanan, Mr Bush's challenger in the presidential primaries, to speak. But the way things are going this year it is within the realm of possibility that Planned Parenthood could invite former Senator Ba rry Goldwater for lunch. The old conservative warhorse has recently taken to warning President George Bush that his adamant opposition to abortion could cost him the election. After all, it is Mr Bush himself who keeps calling 1 992 'this screwy political year'. The Financial Times

London Page 5 ============= Transaction # 227 ============================================== Transaction #: 227 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7399 _AN-CHTAOADUFT 9208 18 FT 18 AUG 92 / Houston in a whirl as the party hurric ane hits REPUBLICANS were warned that Houston can be inhospitable not politically necessarily, but climatic ally, write Jurek Martin and Matthew Kaminski in Houston. Thus it seemed a g ood omen that the convention dawned with, by local standards, balmy weather, dry heat in the mid-80s, and coolish nights perfect for the party-going whi ch accompanies these quadrennial bashes, regardless of political affiliation . But it is also hurricane season and, as has been endlessly reported, in pr evious years 10 hurricanes have struck the city between August 17-20, the da ys spanning the convention. The weather service has discovered an ominous tr opical depression in the Gulf of Mexico. If it hits, the Republicans could f ind non-political chaos on their hands. For a start Houston is a city made f or motorists (actually, made only for motorists since public transport is ru dimentary). But it is the constitutional right of every Texan, and most of t he south, to drink and drive, which means the parties have not been affected . Not that every party is necessarily overflowing with the demon drink. Yest erday, for example, the Reverend Pat Robertson, who sought the Republican no mination in 1988, hosted Pat Boone, the 1950s singer turned television evang elist, Vice-President Dan Quayle and Oliver North, of Iran-Contra fame at a 'God and country rally.' As Garry Wills, the astute observer of American pol itics, says: 'The crazies are in charge.' More conventional good 'ole countr y fun is being sponsored by the National Rifle Association - '3,000,000 stro ng and we vote' proclaim the three billboards that surround the convention s ite. The association supports a kind of old west ideal rather than, it seems , the violence and urban blight to be found in economically depressed modern Houston. Also there was Charlton Heston, the hero of many westerns, who is now the gun lobby's pitch man, and Randy Travis, the president's favourite c ountry singer, who can be guaranteed to sing what Republicans hope to make t he mantra of this convention: 'Forever and ever, amen'. Still, the Republica ns are now, in the late Lee Atwater's words, the big tent, tolerant of all s orts of opinion. This is why extra-convention dissent has been confined to a vacant lot across the street from the Astrodome - where signs had to be app roved before coming in. Towering above them is one of the NRA billboards. Th e big tent approach, though, does make for unlikely party bedfellows. It wou ld perhaps be too much to expect the American Israel Political Action Commit tee (AIPAC) to invite Mr Buchanan, Mr Bush's challenger in the presidential primaries, to speak. But the way things are going this year it is within the realm of possibility that Planned Parenthood could invite former Senator Ba rry Goldwater for lunch. The old conservative warhorse has recently taken to warning President George Bush that his adamant opposition to abortion could cost him the election. After all, it is Mr Bush himself who keeps calling 1 992 'this screwy political year'. The Financial Times

London Page 5 ============= Transaction # 228 ============================================== Transaction #: 228 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7399 _AN-CHTAOADUFT 9208 18 FT 18 AUG 92 / Houston in a whirl as the party hurric ane hits REPUBLICANS were warned that Houston can be inhospitable not politically necessarily, but climatic ally, write Jurek Martin and Matthew Kaminski in Houston. Thus it seemed a g ood omen that the convention dawned with, by local standards, balmy weather, dry heat in the mid-80s, and coolish nights perfect for the party-going whi ch accompanies these quadrennial bashes, regardless of political affiliation . But it is also hurricane season and, as has been endlessly reported, in pr evious years 10 hurricanes have struck the city between August 17-20, the da ys spanning the convention. The weather service has discovered an ominous tr opical depression in the Gulf of Mexico. If it hits, the Republicans could f ind non-political chaos on their hands. For a start Houston is a city made f or motorists (actually, made only for motorists since public transport is ru dimentary). But it is the constitutional right of every Texan, and most of t he south, to drink and drive, which means the parties have not been affected . Not that every party is necessarily overflowing with the demon drink. Yest erday, for example, the Reverend Pat Robertson, who sought the Republican no mination in 1988, hosted Pat Boone, the 1950s singer turned television evang elist, Vice-President Dan Quayle and Oliver North, of Iran-Contra fame at a 'God and country rally.' As Garry Wills, the astute observer of American pol itics, says: 'The crazies are in charge.' More conventional good 'ole countr y fun is being sponsored by the National Rifle Association - '3,000,000 stro ng and we vote' proclaim the three billboards that surround the convention s ite. The association supports a kind of old west ideal rather than, it seems , the violence and urban blight to be found in economically depressed modern Houston. Also there was Charlton Heston, the hero of many westerns, who is now the gun lobby's pitch man, and Randy Travis, the president's favourite c ountry singer, who can be guaranteed to sing what Republicans hope to make t he mantra of this convention: 'Forever and ever, amen'. Still, the Republica ns are now, in the late Lee Atwater's words, the big tent, tolerant of all s orts of opinion. This is why extra-convention dissent has been confined to a vacant lot across the street from the Astrodome - where signs had to be app roved before coming in. Towering above them is one of the NRA billboards. Th e big tent approach, though, does make for unlikely party bedfellows. It wou ld perhaps be too much to expect the American Israel Political Action Commit tee (AIPAC) to invite Mr Buchanan, Mr Bush's challenger in the presidential primaries, to speak. But the way things are going this year it is within the realm of possibility that Planned Parenthood could invite former Senator Ba rry Goldwater for lunch. The old conservative warhorse has recently taken to warning President George Bush that his adamant opposition to abortion could cost him the election. After all, it is Mr Bush himself who keeps calling 1 992 'this screwy political year'. The Financial Times

London Page 5 ============= Transaction # 229 ============================================== Transaction #: 229 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 6 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-15680 _AN-DGHCRAAEFT 930 708 FT 08 JUL 93 / World News in Brief: Calvin lashes Me xico At least 19 people died and thousands were left home less in western Mexico as hurricane Calvin moved up the Pacific coast. Weath er, Page 26 Countries:- MXZ Mexico. Indus tries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. RES Natural resources. The Financ ial Times London Page 1 ============= Transaction # 230 ============================================== Transaction #: 230 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 6 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-15680 _AN-DGHCRAAEFT 930 708 FT 08 JUL 93 / World News in Brief: Calvin lashes Me xico At least 19 people died and thousands were left home less in western Mexico as hurricane Calvin moved up the Pacific coast. Weath er, Page 26 Countries:- MXZ Mexico. Indus tries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. RES Natural resources. The Financ ial Times London Page 1 ============= Transaction # 231 ============================================== Transaction #: 231 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 157 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 232 ============================================== Transaction #: 232 Transaction Code: 12 (Record Relevance Feedback) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:15:05 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:15:05 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind Default:5,6 ============= Transaction # 233 ============================================== Transaction #: 233 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 209097 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 234 ============================================== Transaction #: 234 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-7399 _AN-CHTAOADUFT 9208 18 FT 18 AUG 92 / Houston in a whirl as the party hurric ane hits REPUBLICANS were warned that Houston can be inhospitable not politically necessarily, but climatic ally, write Jurek Martin and Matthew Kaminski in Houston. Thus it seemed a g ood omen that the convention dawned with, by local standards, balmy weather, dry heat in the mid-80s, and coolish nights perfect for the party-going whi ch accompanies these quadrennial bashes, regardless of political affiliation . But it is also hurricane season and, as has been endlessly reported, in pr evious years 10 hurricanes have struck the city between August 17-20, the da ys spanning the convention. The weather service has discovered an ominous tr opical depression in the Gulf of Mexico. If it hits, the Republicans could f ind non-political chaos on their hands. For a start Houston is a city made f or motorists (actually, made only for motorists since public transport is ru dimentary). But it is the constitutional right of every Texan, and most of t he south, to drink and drive, which means the parties have not been affected . Not that every party is necessarily overflowing with the demon drink. Yest erday, for example, the Reverend Pat Robertson, who sought the Republican no mination in 1988, hosted Pat Boone, the 1950s singer turned television evang elist, Vice-President Dan Quayle and Oliver North, of Iran-Contra fame at a 'God and country rally.' As Garry Wills, the astute observer of American pol itics, says: 'The crazies are in charge.' More conventional good 'ole countr y fun is being sponsored by the National Rifle Association - '3,000,000 stro ng and we vote' proclaim the three billboards that surround the convention s ite. The association supports a kind of old west ideal rather than, it seems , the violence and urban blight to be found in economically depressed modern Houston. Also there was Charlton Heston, the hero of many westerns, who is now the gun lobby's pitch man, and Randy Travis, the president's favourite c ountry singer, who can be guaranteed to sing what Republicans hope to make t he mantra of this convention: 'Forever and ever, amen'. Still, the Republica ns are now, in the late Lee Atwater's words, the big tent, tolerant of all s orts of opinion. This is why extra-convention dissent has been confined to a vacant lot across the street from the Astrodome - where signs had to be app roved before coming in. Towering above them is one of the NRA billboards. Th e big tent approach, though, does make for unlikely party bedfellows. It wou ld perhaps be too much to expect the American Israel Political Action Commit tee (AIPAC) to invite Mr Buchanan, Mr Bush's challenger in the presidential primaries, to speak. But the way things are going this year it is within the realm of possibility that Planned Parenthood could invite former Senator Ba rry Goldwater for lunch. The old conservative warhorse has recently taken to warning President George Bush that his adamant opposition to abortion could cost him the election. After all, it is Mr Bush himself who keeps calling 1 992 'this screwy political year'. The Financial Times

London Page 5 ============= Transaction # 235 ============================================== Transaction #: 235 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 209097 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 236 ============================================== Transaction #: 236 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:17:03 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:17:03 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 2 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {hurricane occurences})" ============= Transaction # 237 ============================================== Transaction #: 237 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 3913 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 238 ============================================== Transaction #: 238 Transaction Code: 8 (Mixed Bool./Dir. Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:17:45 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:17:45 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 1 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: Yes Used?: No Used?: No # Keywords: 4 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {hurricane occurences}) or (topic {tropical}) or (topic {typ hoon})" ============= Transaction # 239 ============================================== Transaction #: 239 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 4436 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 240 ============================================== Transaction #: 240 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:18:22 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:18:22 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 1 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {typhoon})" ============= Transaction # 241 ============================================== Transaction #: 241 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 95 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 242 ============================================== Transaction #: 242 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-5307 _AN-DIFB9AEJFT 9309 03 FT 03 SEP 93 / World News in Brief: Typhoon threatens Japan Typhoon Yancy, one of the biggest typhoons likely to hit Japan since the second world war, is expected to hit the southern mai n island of Kyushu with winds of 112 mph around midday today. C ountries:- JPZ Japan, Asia. Industries:- P92 29 Public Order and Safety, NEC. Types:- RES Natural r esources. The Financial Times International Page 1 ============= Transaction # 243 ============================================== Transaction #: 243 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-5307 _AN-DIFB9AEJFT 9309 03 FT 03 SEP 93 / World News in Brief: Typhoon threatens Japan Typhoon Yancy, one of the biggest typhoons likely to hit Japan since the second world war, is expected to hit the southern mai n island of Kyushu with winds of 112 mph around midday today. C ountries:- JPZ Japan, Asia. Industries:- P92 29 Public Order and Safety, NEC. Types:- RES Natural r esources. The Financial Times International Page 1 ============= Transaction # 244 ============================================== Transaction #: 244 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-5307 _AN-DIFB9AEJFT 9309 03 FT 03 SEP 93 / World News in Brief: Typhoon threatens Japan Typhoon Yancy, one of the biggest typhoons likely to hit Japan since the second world war, is expected to hit the southern mai n island of Kyushu with winds of 112 mph around midday today. C ountries:- JPZ Japan, Asia. Industries:- P92 29 Public Order and Safety, NEC. Types:- RES Natural r esources. The Financial Times International Page 1 ============= Transaction # 245 ============================================== Transaction #: 245 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-17187 _AN-EJJD1ACJFT 941 010 FT 10 OCT 94 / Business Travel (Update): Typhoon hit s Taiwan Typhoon Seth, with winds of 107mph, struck Taiwa n yesterday, leaving one person dead. Four domestic airports in eastern Taiw an were closed but international airports stayed open. A highway in eastern Taiwan was closed following landslides. Officials were considering whether t o cancel today's National Day celebrations. Seth is the sixth typhoon to hit Taiwan since early July. Storms have killed 30 people and caused extensive damage. Countries:- TWZ Taiwan, Asia. Ind ustries:- P9511 Air, Water, and Solid Waste Management. Types:- NEWS General News. The Financial Times London Page 14 ============= Transaction # 246 ============================================== Transaction #: 246 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-5 _AN-EJDDVAH3FT 940930 FT 30 SEP 94 / World News in Brief: Typhoon hits western Japan Typhoon Orchid swept through areas surrounding Osa ka in western Japan, disrupting industry and closing the city's internationa l airport. Countries:- JPZ Japan, Asia. I ndustries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times International Page 1 ============= Transaction # 247 ============================================== Transaction #: 247 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-5 _AN-EJDDVAH3FT 940930 FT 30 SEP 94 / World News in Brief: Typhoon hits western Japan Typhoon Orchid swept through areas surrounding Osa ka in western Japan, disrupting industry and closing the city's internationa l airport. Countries:- JPZ Japan, Asia. I ndustries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times International Page 1 ============= Transaction # 248 ============================================== Transaction #: 248 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-17187 _AN-EJJD1ACJFT 941 010 FT 10 OCT 94 / Business Travel (Update): Typhoon hit s Taiwan Typhoon Seth, with winds of 107mph, struck Taiwa n yesterday, leaving one person dead. Four domestic airports in eastern Taiw an were closed but international airports stayed open. A highway in eastern Taiwan was closed following landslides. Officials were considering whether t o cancel today's National Day celebrations. Seth is the sixth typhoon to hit Taiwan since early July. Storms have killed 30 people and caused extensive damage. Countries:- TWZ Taiwan, Asia. Ind ustries:- P9511 Air, Water, and Solid Waste Management. Types:- NEWS General News. The Financial Times London Page 14 ============= Transaction # 249 ============================================== Transaction #: 249 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-5 _AN-EJDDVAH3FT 940930 FT 30 SEP 94 / World News in Brief: Typhoon hits western Japan Typhoon Orchid swept through areas surrounding Osa ka in western Japan, disrupting industry and closing the city's internationa l airport. Countries:- JPZ Japan, Asia. I ndustries:- P9229 Public Order and Safety, NEC. Types:- NEWS General News. The Financial Times International Page 1 ============= Transaction # 250 ============================================== Transaction #: 250 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-6576 _AN-DH0CBAAAFT 9308 27 FT 27 AUG 93 / World News in Brief: Tokyo under typho on threat Storm warnings were issued in central Japan abo ut Typhoon Vernon, which weather experts said could hit land near Tokyo toda y with winds of 79mph. Countries:- JPZ Japan, Asia. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Time s London Page 1 ============= Transaction # 251 ============================================== Transaction #: 251 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-6576 _AN-DH0CBAAAFT 9308 27 FT 27 AUG 93 / World News in Brief: Tokyo under typho on threat Storm warnings were issued in central Japan abo ut Typhoon Vernon, which weather experts said could hit land near Tokyo toda y with winds of 79mph. Countries:- JPZ Japan, Asia. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Time s London Page 1 ============= Transaction # 252 ============================================== Transaction #: 252 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-6576 _AN-DH0CBAAAFT 9308 27 FT 27 AUG 93 / World News in Brief: Tokyo under typho on threat Storm warnings were issued in central Japan abo ut Typhoon Vernon, which weather experts said could hit land near Tokyo toda y with winds of 79mph. Countries:- JPZ Japan, Asia. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Time s London Page 1 ============= Transaction # 253 ============================================== Transaction #: 253 Transaction Code: 39 (Full Doc Window --TREC) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15195 _AN-EGKDTACRFT 940 711 FT 11 JUL 94 / Business Travel (Update): Taiwan typh oon By DAVID OWEN Typhoon Tim lashe d eastern Taiwan with strong winds and heavy rain yesterday, forcing the sus pension of flights to two offshore islets. Taiwanese officials said an impor tant highway in Hualien city was closed because of landslides set off by the torrential downpour. In the Philippines, the Manila weather bureau said ano ther tropical storm, Vanessa, had developed in the South China Sea and was b ringing strong winds and heavy rains to the main Philippine island, Luzon. < /TEXT> Countries:- TWZ Taiwan, Asia. PHZ Philippines, A sia. Industries:- P9229 Public Order and Safety, NEC. < /IN> Types:- RES Natural resources. The Financial Times London Page 14 ============= Transaction # 254 ============================================== Transaction #: 254 Transaction Code: 19 (Record Selected) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15195 _AN-EGKDTACRFT 940 711 FT 11 JUL 94 / Business Travel (Update): Taiwan typh oon By DAVID OWEN Typhoon Tim lashe d eastern Taiwan with strong winds and heavy rain yesterday, forcing the sus pension of flights to two offshore islets. Taiwanese officials said an impor tant highway in Hualien city was closed because of landslides set off by the torrential downpour. In the Philippines, the Manila weather bureau said ano ther tropical storm, Vanessa, had developed in the South China Sea and was b ringing strong winds and heavy rains to the main Philippine island, Luzon. < /TEXT> Countries:- TWZ Taiwan, Asia. PHZ Philippines, A sia. Industries:- P9229 Public Order and Safety, NEC. < /IN> Types:- RES Natural resources. The Financial Times London Page 14 ============= Transaction # 255 ============================================== Transaction #: 255 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT943-15195 _AN-EGKDTACRFT 940 711 FT 11 JUL 94 / Business Travel (Update): Taiwan typh oon By DAVID OWEN Typhoon Tim lashe d eastern Taiwan with strong winds and heavy rain yesterday, forcing the sus pension of flights to two offshore islets. Taiwanese officials said an impor tant highway in Hualien city was closed because of landslides set off by the torrential downpour. In the Philippines, the Manila weather bureau said ano ther tropical storm, Vanessa, had developed in the South China Sea and was b ringing strong winds and heavy rains to the main Philippine island, Luzon. < /TEXT> Countries:- TWZ Taiwan, Asia. PHZ Philippines, A sia. Industries:- P9229 Public Order and Safety, NEC. < /IN> Types:- RES Natural resources. The Financial Times London Page 14 ============= Transaction # 256 ============================================== Transaction #: 256 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 95 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 257 ============================================== Transaction #: 257 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 95 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 258 ============================================== Transaction #: 258 Transaction Code: 6 (Direct Rank Search) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Mon Aug 23 17:21:11 1999 Rec. Format: Review Time Cmd Complete: Mon Aug 23 17:21:11 1999 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 3 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: zfind "(topic @ {typhoon and hurricane})" ============= Transaction # 259 ============================================== Transaction #: 259 Transaction Code: 14 (Search Results Displayed) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 476 Help Code: 0 # Displayed: 12 Help ID: 0 Associated Variable Length Text: ============= Transaction # 260 ============================================== Transaction #: 260 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 1 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-12493 _AN-DGWCHAF7FT 930 723 FT 23 JUL 93 / International Company News: Munich Re maintains dividend as loss widens By DAVID WALLER < /BYLINE> FRANKFURT MUNCHENER Ruckver-sicher ung (Munich Re), Europe's largest insurance group, is to pay an unchanged an nual dividend, in spite of heavier losses from mainstream reinsurance busine ss. The company blamed the increase in losses on Hurricane Andrew, which hit the south-east of the US last summer and mounting car theft. Munich Re gave no figure but the loss is likely to be in the region of DM1bn (Dollars 588m ) after losses of more than DM900m last year. The group said income from inv estments and from general insurance business more than made up for the renew ed loss and parent company profits would be the same level as in the previou s year. This, Munich Re said, would enable the payment of a dividend of DM10 per share - the fifth year in succession that the Munich-based group has pa id this dividend. It voiced optimism about the future, saying that capacity in the world reinsurance market was beginning to shrink after a number of ye ars when the industry was beleaguered by the double burden of excess capacit y and a row of natural disasters. This began with Hurricane Hugo in 1989 fol lowed by the winter storms in 1990, Typhoon Mireille in 1991 and Hurricane A ndrew last summer. Munich Re said that after this period of disastrous condi tions for the reinsurance industry there was a chance of a substantial impro vement in prices for reinsurance coverage. There had been a noticeable impro vement in prices and conditions for reinsurance and the trend was expected t o continue throughout the current year, Munich Re said. The company warned t hat at the group level, there would be a small decline in 1992-93 earnings a s investment and other income had not fully offset mainstream underwriting l osses. Last year, group net earnings were DM177.6m, nearly 70 per cent up on the previous year. Group premium income for 1992-93 increased by 11 per cen t to about DM25bn, Munich Re said. Premium income at the parent company rose to DM16bn from DM14.6bn in 1991-92. Total group investments climbed 6 per c ent to DM76bn by the end of June. Munich Re will publish the full details of 1992-93 figures in October. Companies:- Munchener Ru ckversicherungs-Gesellschaft. Countries:- DEZ Germany, EC. Industries:- P6331 Fire, Marine, and Casualty Insu rance. Types:- FIN Annual report. The Finan cial Times London Page 24 ============= Transaction # 261 ============================================== Transaction #: 261 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 2 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-12299 _AN-EKBD9AC3FT 941 102 FT 02 NOV 94 / Business and the Environment: Insurer s in a storm By NANCY DUNNE Fifteen catastrophic hurricanes, floods and storms cost worldwide insurers more tha n Dollars 80bn (Pounds 50bn) since a period of weather extremes set in five years ago, according to an article in the latest World Watch Institute's jou rnal. In 1992, Hurricane Andrew struck Florida and set a new record for dama ges at Dollars 25bn. The Mississippi floods in 1993 cost Dollars 12bn. Europ e was hit by four severe windstorms in 1990 which accumulated damages of Dol lars 10bn. Japan was struck in 1991 by Typhoon Mireille with nearly Dollars 5bn in damages. As the damages mount, insurers have begun to take seriously the global warming theory advanced by many scientists. The fear is that the warming, spurred by 'greenhouse gases', produced by fossil fuels, could seri ously disrupt the world's atmospheric and oceanic systems. Lack of agreement in the scientific community has made the insurers wary. But their interest is being applauded by environmentalists who see the insurers as a potential counterweight to the power of the oil and coal interests in the global warmi ng debate. Christopher Flavin, author of the World Watch article, is urging the insurers to enter the struggle over climate policy. 'Few industries are capable of doing battle with the likes of the fossil fuel lobby. But the ins urance industry is,' he says. 'On a worldwide basis the two are of roughly c omparable size and potential political clout.' The insurance industry could, for example, push government to tighten energy efficiency rules for new bui ldings. It could actively lobby for a stronger global climate pact. It could also use its investment capacity. 'If they (companies) were to dump some of their stocks in oil and coal companies or actively invest some of their fun ds in new, less carbon-intensive energy technologies (forming a sort of clim ate venture fund), insurance companies could spur the development of a less threatening energy system,' says Flavin. Unless the industry begins to use i ts clout in the struggle over climate policy, its future 'is likely to be st ormy indeed', said Flavin. Countries:- XAZ World. Industries:- P6331 Fire, Marine, and Casualty Insurance. P951 Environmental Quality. Types:- CMMT Comment & Analysis. The Financial Times London Page 18 ============= Transaction # 262 ============================================== Transaction #: 262 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 3 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT931-7520 _AN-DBXCKACQFT 9302 24 FT 24 FEB 93 / Business and the Environment: Weather wise - Typhoons, hurricanes and the threat of global warming are pushing up insurance rates By RICHARD LAPPER and BRONWEN MADDOX 'WE GET zapped every five minutes,' says Richard Keeling, underwriter with Lloyd's syndicate 362, reviewing the impact of recent hurri canes, gales and typhoons on the London insurance market. Recent storms, eac h more damaging than the last, culminated in last year's hurricane Andrew, w hich devastated parts of Louisiana and Florida and caused losses estimated t o be at least Dollars 16bn and perhaps as much as Dollars 20bn (Pounds 14bn) , the United States's biggest-ever insured loss. That has triggered tough ba rgaining in the London insurance market and one of the hardest 'renewal' sea sons, as reinsurers seek to impose big rate increases. Most significantly, i n a move that could lead to higher insurance rates for many years, insurers are also beginning to ask whether recent storms are a sign of global warming or other long-term shifts in weather patterns. The question has led to an u nlikely convergence with environmental pressure groups such as Greenpeace, w hich last month published a long report welcoming insurers' alertness to the risk. In the recent round of negotiations, brokers buying cover for US clie nts - who have avoided heavy increases in recent years - have found the goin g toughest. However, across the board, direct insurers are now paying more f or their reinsurance. Keeling says that since October 1987, reinsurance rate s have increased by 650 per cent for European insurers, 450 per cent for US buyers and by 1,000 per cent for Japanese companies. The increases partly re flect reinsurers' efforts to restore profitability after heavy losses from w eather and from other disasters such as the 1988 Piper Alpha oil rig explosi on and the Exxon Valdez oil spill the following year. Both Swiss Re and Muni ch Re, the world's two biggest reinsurers, have seen profits dented and have been forced to draw deep into their reserves to meet claims, especially fro m the European storms of 1990. Many smaller reinsurers have withdrawn from t he market. More than a third of Lloyd's Names and nearly half the syndicates have left the market since 1989. As competition for business has dwindled, bigger players have found it easier to force through rate increases. Underwr iters are also now beginning to take a deeper look at the risk of storm dama ge. They recognise that denser population in potentially exposed regions, su ch as the south-eastern coast of the US, is partly responsible for the rise in losses. 'Windstorm' cover has also become a more common element of househ olders' policies over the last two decades in most countries. And increasing ly many are questioning whether the recent increases in land and sea tempera tures are leading to greater atmospheric instability and more frequent and i ntense winds. Scientists have warned for several years that gases such as ca rbon dioxide, emitted from burning fossil fuels, could cause global warming. The United Nation's Intergovernmental Panel on Climate Change, set up to in vestigate the phenomenon, has suggested the average increase could be somewh ere between 1.5'C and 3.5'C over the next 100 years. However, scientists hav e emphasised there is still uncertainty about the processes involved - the m odels find it hard to take account of clouds, which could slow down warming. They also say it is impossible to conclude from recent storms and warm summ ers that climate change is already happening. Despite scientific uncertainty , insurers feel they need to protect themselves. Walter Kielholz, general ma nager of Swiss Re, one of the first insurance companies to question whether global warming could be responsible for worsening weather, agrees that 'the statistical data is too short to conclusively prove that there is a trend'. But he adds: 'It might just be a hiccup but we can't afford to wait for the long-term before taking action.' Research commissioned by Keeling and severa l other Lloyd's underwriters by the University of East Anglia's climatology department also concludes: 'The possibility that the trend (of more frequent gales in north-western Europe) is related to global warming cannot be rejec ted.' Insurers should assume that 'gale frequencies will remain at the level of the 1980s' and could rise further, the report says. In Greenpeace's rece nt study, the pressure group called for insurers to join the lobby for limit s on the emission of 'greenhouse gases'. Keeling acknowledges: 'We have to d o something constructive but the insurance industry will never be a lobby. W e are too diffused.' Instead, as well as increasing rates insurers have begu n to toughen the terms of storm insurance. Kielholz says that since 1990 Swi ss Re has begun to isolate the risk of 'windstorm' from other exposures it u nderwrites. The group now likes to cover windstorm through an excess of loss reinsurance contract (in which the reinsurer covers a tranche of risk up to a pre-set limit) rather than by covering it alongside other risks as part o f a proportional reinsurance deal (in which the reinsurer accepts an agreed percentage of exposure). 'Reinsurers have become more and more reluctant to include windstorm in proportional property treaties,' says Kielholz. Reinsur ers are also urging direct insurers to make policyholders pay the first port ion of any loss themselves, as an incentive to protect their property agains t storms. Householders would then be more likely to carry out essential main tenance and commercial customers to follow building codes more strictly, the y argue. During Hurricane Andrew many new buildings, especially those with s teel frames and metal casings, proved to be particularly vulnerable to wind damage, according to Swiss Re. Higher rates and tougher terms are the insura nce industry's perhaps unsurprising response to recent storms and the potent ial threat of global warming. The environmental movement has shown itself re luctant to acknowledge scientific doubts about climate change, while climato logists - who might stress that uncertainty - have few reasons to get involv ed in debates on insurance charges. Customers may have to hope the new highe r rates help preserve some of the financially weaker groups, and so preserve competition in the industry. --------------------------------------------- -------------------- THE COST OF RECENT STORMS --------- -------------------------------------------------------- Aug 1992 US Cyclone Iniki Dollars 1.4bn Aug 1992 US Hurricane Andrew Dollars 20.0bn Sep 1991 Japan Typhoon Mi reille Dollars 4.8bn Jul 1990 US Colorado storms Do llars 1.0bn Feb 1990 NW Europe Windstorm Wibke Dollars 1.3b n Feb 1990 NW Europe Windstorm Vivian Dollars 3.2bn Feb 1990 NW Europe Windstorm Herta Dollars 1.3bn Jan 1990 NW Europ e Windstorm Daria Dollars 4.6bn Sep 1989 US Hurricane Hugo Dollars 5.8bn Oct 1987 NW Europe Un-named wi ndstorm Dollars 2.5bn ---------------------------------------------------- ------------- Source: Greenpeace ------------------------------------------ ----------------------- Countries:- GBZ United Kingd om, EC. Industries:- P6331 Fire, Marine, and Casualty I nsurance. P6411 Insurance Agents, Brokers, and Service. Types :- RES Natural resources. COSTS Costs & Prices. MKTS Ma rket data. The Financial Times London Page 14 ============= Transaction # 263 ============================================== Transaction #: 263 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 4 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT924-8833 _AN-CKIBWADMFT 9211 09 FT 09 NOV 92 / UK Company News: Investment income beh ind profits rise at Munich Re By DAVID WALLER FRANKFURT LOSSES in mainstream reinsura nce business improved only slightly from the very high levels of last year, Munich Re reported, although income from capital investments enabled the gro up to improve overall profits substantially in the year ended June 1992. At the parent company - which accounts for some 80 per cent of group business - the reinsurance loss was DM922.5m (Dollars 578.7m), down from DM962.3m in 1 990-1991. Mr Horst Jannott, chief executive, blamed the scale of these losse s chiefly on large claims in the European fire insurance sector, as well on natural disasters such as Typhoon Mireille which caused Dollars 5.2bn damage to Japan in September 1991. In the parent company, income from capital inve stments rose to DM1.98bn from DM1.69bn in the previous year. This helped ens ure that profits for the group as a whole rose to DM177.6m in 1991-1992 comp ared with DM104.9m. Group premium income rose by 11.3 per cent to DM15.8bn a nd the dividend for this year would once again be DM10 per share, Mr Jannott said. He said that the group would once again report reinsurance losses in the current year, partly because of Hurricane Andrew which hit the US at the end of August, but also because of industrial fire risks and the sharply in creased number of car thefts in Germany. But this would be compensated for b y investment income and it was likely that the dividend for 1992-1993 would also be DM10 a share. The impetus for turnover growth last year came from ex pansion into the eastern part of Germany, with the result that parent compan y domestic fee income rose by 12.6 per cent. Mr Jannott warned that this yea r's fee income figures would be hit by the translation effects of a higher D -Mark. The Financial Times London Page 17 ============= Transaction # 264 ============================================== Transaction #: 264 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 5 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-5307 _AN-DIFB9AEJFT 9309 03 FT 03 SEP 93 / World News in Brief: Typhoon threatens Japan Typhoon Yancy, one of the biggest typhoons likely to hit Japan since the second world war, is expected to hit the southern mai n island of Kyushu with winds of 112 mph around midday today. C ountries:- JPZ Japan, Asia. Industries:- P92 29 Public Order and Safety, NEC. Types:- RES Natural r esources. The Financial Times International Page 1 ============= Transaction # 265 ============================================== Transaction #: 265 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 6 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-9529 _AN-EKOENAFFFT 9411 15 FT 15 NOV 94 / International Company News: A listing in the time of calamity - Hanover Re has a lot riding on its partial float < /HEADLINE> By ANDREW FISHER The first stock mar ket listing of a German reinsurance company for 33 years -that of Hanover R e, to raise DM530m (Dollars 353m) - comes at a time of more frequent natural disasters, higher premiums and a more selective approach in the industry to new business. The issue is also one of the first with shares in nominal DM5 units instead of the usual DM50. These are now allowed under regulations ai med at encouraging private investors to buy more shares. Next to Switzerland , shares in Germany are the most expensive in Europe. With its sister compan y, Eisen und Stahl Ruckversicherung, Hanover Re is Germany's second largest and the world's fifth largest reinsurance concern. The new issue, in which 2 5 per cent of the capital is being sold, is the seventh largest in Germany s ince 1983. Hanover Re and the issuing consortium, headed by Commerzbank, hop e to convince German and foreign investors that the company's policy of forg oing growth in premium income in high-risk areas and concentrating on profit ability will continue to pay off. In deference to some analysts who thought the issue price might be too high for many investors, especially foreigners, the voting shares are offered at DM75 each for subscription from November 1 8 to 22. Some initial estimates were nearer DM90. Mr Erich Coenen, a Commerz bank director, said yesterday the issue price was attractive, both 'opticall y' compared with the high price of other reinsurance groups - Munich Re stoo d at DM2,750 - and 'analytically': the price-earnings ratio of 15.8 based on expected 1995 earnings is well under the German sector average. With Eisen und Stahl, which is more domestically-oriented than Hanover Re, gross premiu m income last year was DM5.3bn, a rise of 30 per cent. The underwriting loss fell to DM122m from DM263m and net profits shot up by nearly 200 per cent t o DM125m. Group investments totalled DM10.3bn. Mr Michael Reischel, Hanover Re's chief executive, does not expect growth to be as spectacular this year or next. 'We have grown enormously over the past three years,' he said. But the group had resisted the temptation to expand liability levels - risks are simply too high in certain areas. 'So we expect lower growth over the next few years. We are cutting back where necessary,' says Mr Reischel. The messa ge is the same as that last week from Munich Re, the world's biggest reinsur ance concern. Because disasters such as earthquakes, floods and typhoons hav e become more frequent, premiums have escalated. 'Assets are more highly con centrated,' said Mr Reischel. 'Fifteen years ago, Hurricane Andrew in Florid a would have caused a lot less damage.' The hurricane was the largest disast er, in terms of insured damage, to have hit the industry. January's earthqua ke near Los Angeles was the second worst. As an example of risk areas where premiums have tended to rise steeply, Mr Reischel cites Japan where Typhoon Mireille caused heavy damage in 1991. 'The trend for natural disasters seems to be on the rise,' says Mr Reischel. More damage and more insurance payout s are definitely to be expected. Because the industry spreads its exposure i nternationally, this trend affects premiums in all sectors, not just those w here the risk is severest. 'Insurance customers, whether private or corporat e, have to pay more if they want cover,' says Mr Reischel. 'The reinsurance industry can't create money by magic.' In the five years to 1993, premiums p aid for worldwide catastrophe risks totalled nearly Dollars 20bn, says Mr He rbert Haas, a director of Hanover Re. Damage payouts totalled just over Doll ars 18bn, but brokerage, interest and other costs pushed this up to Dollars 25bn, leaving the industry with an overall deficit. Thus, many reinsurers an d primary insurance companies have pulled out or been forced out of the rein surance business. Mr Reischel puts the figure at more than 100 since 1990. N ew reinsurance capacity is available from Bermuda, but Mr Reischel sees this as positive - 'since new investors are only looking for returns, they will hopefully prevent a rates war'. Because it was founded as recently as 1966, he says Hanover Re has been spared some of the worst calamities, such as cla ims on asbestos or pollution liability. It has also kept out of the over-cro wded London and Singapore reinsurance markets. However, it is raising its pr esence in Asia and Australia, where growth is high. The company has no acqui sitions in mind after buying NRG Victory Australia Life Reinsurance last yea r. Hanover Re will use its DM230m share of the issue proceeds to lift its 4 per cent stake in Eisen und Stahl, with which it does business on a group ba sis, to a 53.9 per cent majority holding. The remainder will go to its paren t, Haftpflichtverband der Deutschen Industrie (HDI), a mutually-owned insure r. Companies:- Hanover Reinsurance. Countr ies:- DEZ Germany, EC. Industries:- P6331 Fi re, Marine, and Casualty Insurance. Types:- CMMT Comme nt & Analysis. FIN Share issues. The Financial Times London Page 28 ============= Transaction # 266 ============================================== Transaction #: 266 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 7 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT944-17187 _AN-EJJD1ACJFT 941 010 FT 10 OCT 94 / Business Travel (Update): Typhoon hit s Taiwan Typhoon Seth, with winds of 107mph, struck Taiwa n yesterday, leaving one person dead. Four domestic airports in eastern Taiw an were closed but international airports stayed open. A highway in eastern Taiwan was closed following landslides. Officials were considering whether t o cancel today's National Day celebrations. Seth is the sixth typhoon to hit Taiwan since early July. Storms have killed 30 people and caused extensive damage. Countries:- TWZ Taiwan, Asia. Ind ustries:- P9511 Air, Water, and Solid Waste Management. Types:- NEWS General News. The Financial Times London Page 14 ============= Transaction # 267 ============================================== Transaction #: 267 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 8 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT934-11742 _AN-DJ2DCAFJFT 931 029 FT 29 OCT 93 / International Company News: US insure rs lifted by absence of catastrophes By RICHARD WATE RS NEW YORK US property/casualty insurers continued to benefit from the absence of big catastrophe losses thi s year, helping both American International Group and USF&G report stronger earnings for the third quarter. However, the absence of devastating claims, such as those a year ago stemming from hurricane Andrew in the US, has promp ted fears in some quarters that catastrophe insurance premiums are set to fa ll again next year. Catastrophe losses at AIG amounted to Dollars 47.3m, com pared with Dollars 153.3m a year before. The turnround helped the insurer to report third-quarter net income of Dollars 451.1m or 1.42 a share, compared with Dollars 338.9m or Dollars 1.06 a year ago. USF&G, in figures released on Tuesday, said property/casualty operating profits had improved by Dollars 93m over a year before, with the 1992 figure depressed by losses from hurri cane Andrew. The insurer said net income had risen to Dollars 20m in the lat est period, from Dollars 5m. Mr Maurice Greenberg, AIG's chairman, said cata strophe losses during the third quarter stemmed mainly from flooding in the Midwest, the earthquake in Guam and typhoons in Japan. AIG has taken steps t o 'reduce catastrophe exposures throughout our business and further tighten our underwriting standards,' he said. Higher reinsurance premiums for catast rophe business have attracted about Dollars 4bn of new capital into Bermuda- based companies this year. However, Mr Greenberg said: 'Even with this addit ional capacity, prices for catastrophe reinsurance should remain stable.' He said that one year's claims experience would not be enough on its own to dr ive down premiums. However, other industry executives say the improved perfo rmance will make it difficult for insurers to maintain catastrophe insurance premiums at current levels when negotiating rates for next year. The insure rs' results were bolstered by rising premiums in general property/casualty b usiness. Mr Greenberg said premiums had firmed in many of AIG's overseas mar kets, and rates in property and specialty casualty classes had improved in t he US. Mr Norman Blake, chairman and chief executive of USF&G, said the impr oved underwriting environment had helped to lift profitability, 'despite the industry-wide impact of lowered investment income due to interest rate redu ctions and higher reinsurance costs'. Pre-tax capital gains at AIG in the th ird quarter were Dollars 25.4m, compared with Dollars 26.8m a year before. L eaving aside capital gains and catastrophe losses, pre-tax income rose by 13 .7 per cent compared with a year earlier, the company said. Gross revenues c limbed by 10 per cent to Dollars 5.12bn, as general insurance premiums rose by 10 per cent and life insurance premiums were up 18 per cent. AIG took a f urther Dollars 90m charge to cover an expected loss on investments at AIG Fi nancial Products, its derivatives unit. This follows a Dollars 120m charge i n the previous quarter. The company, which has been one of the most ambitiou s and successful derivatives businesses outside the banking industry, was ro cked by the departure of its founder, Mr Howard Sosin, earlier this year, al ong with other senior managers. Mr Greenberg said that most of the unit's co re management group remained, and that the business was 'going forward stron gly'. Pre-tax operating income in AIG's financial services businesses fell t o Dollars 98.7m, from Dollars 99.6m. Companies:- Amer ican International Group Inc. USF and G. Countries:- USZ United States of America. Industries:- P6311 Lif e Insurance. P6331 Fire, Marine, and Casualty Insurance. Type s:- FIN Interim results. CMMT Comment & Analysis. The Financial Times London Page 24 ============= Transaction # 268 ============================================== Transaction #: 268 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 9 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT923-5267 _AN-CIDBKACDFT 9209 02 FT 02 SEP 92 / Hurricane insurers expect record claim s By NIKKI TAIT NEW YORK US INSURERS expect to pay out an estimated Dollars 7.3bn (Po unds 3.7bn) in Florida as a result of Hurricane Andrew - by far the costlies t disaster the industry has ever faced. The figure is the first official tal ly of the damage resulting from the hurricane, which ripped through southern Florida last week. In the battered region it is estimated that 275,000 peop le still have no electricity and at least 150,000 are either homeless or are living amid ruins. President George Bush yesterday made his second visit to the region since the hurricane hit. He pledged the government would see thr ough the clean-up 'until the job is done'. Although there had already been s ome preliminary guesses at the level of insurance claims, yesterday's figure comes from the Property Claims Services division of the American Insurance Services Group, the property-casualty insurers' trade association. It follow s an extensive survey of the area by the big insurance companies. Mr Gary Ke rney, director of catastrophe services at the PCS, said the industry was exp ecting about 685,000 claims in Florida alone. It is reckoned the bulk of the damage - over Dollars 6bn in insured claims - is in Dade County, a rural re gion to the south of Miami. However, the final cost of Hurricane Andrew will be higher still. Yesterday's estimate does not include any projection for c laims in Louisiana, which was also affected by the storm, although less seve rely than Florida. An estimate of the insured losses in this second state wi ll be released later this week. But on the Florida losses alone, Hurricane A ndrew becomes the most costly insured catastrophe in the US. Hurricane Hugo, which hit the east coast in September 1989, cost the insurance industry abo ut Dollars 4.2bn. The Oakland fire disaster, in California last year, cost D ollars 1.2bn. By contrast, insurance claims resulting from the Los Angeles r iots earlier this year - the most expensive civil disturbance in the US - to talled just Dollars 775m. Hurricane Andrew leaves the US property-casualty i nsurers facing their worst-ever year for catastrophe losses. The LA riots an d a series of tornadoes, wind and hailstorms in states such as Kansas, Oklah oma and Iowa had already produced insured losses of Dollars 3.9bn. With Flor ida's Hurricane Andrew losses added in, the total rises to Dollars 11.2bn. T his easily exceeds the record Dollars 7.6bn of catastrophe losses seen in 19 89, when the industry paid out on both Hurricane Hugo and the Loma Prieta ea rthquake in California. Wall Street, however, has reacted calmly to the reco rd losses expected, and insurers' shares - although lower initially - have b een firming recently. The property-casualty industry is thought to have adeq uate reserves to cover the disaster. The Financial Times London Page 14 ============= Transaction # 269 ============================================== Transaction #: 269 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 10 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-6136 _AN-DH4CVABAFT 9308 31 FT 31 AUG 93 / Hurricane alarm By AGENCIES About 150,000 people left islands off North C arolina as Hurricane Emily swept in from the Atlantic towards the US east co ast yesterday, agencies report. The National Hurricane Centre in Florida iss ued a hurricane watch for the coast from mid-South Carolina to the Delaware border. Countries:- USZ United States of America. Industries:- P9229 Public Order and Safety, NEC. Types:- RES Natural resources. The Financial Times London Page 4 ============= Transaction # 270 ============================================== Transaction #: 270 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 11 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT921-10549 _AN-CBEBPAFQFT 920 205 FT 05 FEB 92 / UK Company News: Tougher times for co mposites - Rising reinsurance rates By RICHARD LAPPE R ALREADY enfeebled by their losses from recession and weat her-related claims over the past two years, UK composite insurers are facing tough increases in their reinsurance costs and a reduction in cover in some instances. With negotiations still proceeding in some cases, insurers are r eluctant to give details, but five of the country's leading insurers - Gener al Accident, Sun Alliance, Commercial Union, Guardian Royal Exchange and Roy al Insurance -face increases of at least 25 per cent. Underpinning these de velopments are two related trends. UK insurers are presenting their reinsure rs with serious losses. In 1990 four of the five recorded pre-tax losses for the first time for at least a generation. That result was heavily influence d by the Pounds 4bn cost of the storm losses of January and February 1990 an d reinsurers responded by pushing up rates by multiples of three and four ti mes. Reinsurers, such as Germany's Munich Re and Switzerland's Swiss Re, are themselves facing much tighter conditions in the retrocession market, where they buy their own reinsurance protections. Between 1987 and 1990 reinsurer s in the retrocession market, much of which is concentrated at Lloyd's of Lo ndon, were hit by a string of catastrophe losses - ranging from the Piper Al pha oil rig explosion in the North Sea in 1988, to hurricane Hugo in 1989 an d the January storms in 1990. Total losses amounted to more than Pounds 18bn and the impact has forced many players out of business with those remaining pushing through significant increases in rates. And although 1991 was relat ively free of major catastrophe losses, reinsurers were hit by a number of m edium-sized losses in the last three months of the year. Together losses fro m Typhoon 19 in Japan, a forest fire in Oakland, California, a hailstorm in Calgary and hurricane Bob in North America led to claims in excess of Dollar s 3bn (Pounds 1.6bn). Reinsurers have, therefore, been squeezed and although UK insurers had hoped to escape further increases this year they have found their reinsurers in a surprisingly tough mood over the past three months. A s a result negotiations have been long drawn out. Many contracts which are n ormally completed a number of weeks before Christmas have only been complete d in the past few days. One large mutual office is understood to have comple ted its programme last week. 'This has been the most horrendous renewal seas on that most individuals on the market can remember,' comments one London br oker. 'European reinsurers were unhappy with the extent of increases they we re able to obtain last year and since the summer of last year have been co-o rdinating efforts to obtain much higher rates', says another broker. Reinsur ers have been forcing through tough new terms for the proportional treaties - in which they assume a fixed percentage of an insurer's liabilities for a fixed percentage of the original premium. The rate of commission which reins urers pay for this business has been cut drastically. Reinsurers who paid be tween 25 per cent and 27 per cent at the beginning of 1991 have paid as litt le as 7.5 per cent this year. In one case reinsurers have insisted on the in troduction of 'loss participation clauses,' arrangements whereby insurers re fund the original reinsurance commission if the business they cede eventuall y generates losses. Not surprisingly, many insurers have refused to buy prop ortional covers on these terms and have been forced to rely exclusively on n on-proportional covers, in which the reinsurer agrees to pay all losses abov e an annual aggregate level. Here, too, though prices have been increased an d terms have been tightened. Last year four of the UK's five composite insur ers paid between Pounds 25m and Pounds 30m for policies covering them from a ggregate losses of up about Pounds 250m. Reinsurers are known to have succes sfully achieved rate increases of at least 25 per cent - following rises of up to 400 per cent last year. Last year the UK's leading five insurers paid over Pounds 125m for their non-proportional reinsurance. And in at least one case a trigger point of about Pounds 50m has been set, with the implication that insurers carry a much higher proportion of their losses on their own b ooks. This shift has also had implications for the cash flow of insurers. Wh ile payments for proportional reinsurance are made on a quarterly basis, ins urers pay up front for their non-proportional protections. The Financial Times London Page 22 Photograph Lloyd's of London, h it by catastrophe claims (Omitted). ============= Transaction # 271 ============================================== Transaction #: 271 Transaction Code: 22 (Record(s) Saved) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 12 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: FT933-6566 _AN-DH0CBAAKFT 9308 27 FT 27 AUG 93 / World News in Brief: Japan faces typho on Heavy rain and strong winds swept eastern Japan as Typ hoon Vernon moved in from the Pacific with winds forecast to reach 79mph. Countries:- JPZ Japan, Asia. Industries:- < /XX> P9229 Public Order and Safety, NEC. Types:- RE S Natural resources. The Financial Times London Pa ge 1 ============= Transaction # 272 ============================================== Transaction #: 272 Transaction Code: 15 (Terms Cleared) Terminal ID: 12781888 Z39.50 Server ID: 19 (TREC) Session ID: 1 New Z39.50 Server ID: 0 (Astro/Math/Stat) Old Z39.50 Server ID: 0 (Astro/Math/Stat) Usr Interface: Prob Time Cmd Sent: Wed Dec 31 16:00:00 1969 Rec. Format: Review Time Cmd Complete: Wed Dec 31 16:00:00 1969 Selec. Rec. #: 0 Boolean Indexes Used: 0 Author 0 Date 0 Rectype 0 X_Corp Author 0 Call # 0 Title 0 Language 0 X_Author 0 Uniform Title 0 Subject 0 ISBN 0 X_Title 0 X_Subject 0 Organization 0 LCCN 0 Topic 0 Host Item 0 Series 0 ISSN 0 Keyword 0 Conf Boolean Conjunctions: Button 1: or Button 2: OR Button 3: or Used?: No Used?: No Used?: No # Keywords: 0 Error Code: 0 # Hits: 0 Help Code: 0 # Displayed: 0 Help ID: 0 Associated Variable Length Text: