European Stars and Stripes (Newspaper) - January 24, 1994, Darmstadt, Hesse Page 14 the stars and stripes Money matters monday january 24,1994 today s rates following Are fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark 1.69 British Pound 1.54 dutch Guilder 1.89 greek drachma. 243.3217 note the rates above apply Witfill tie Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies italian lira. 1,696.50turkish lira 14,979.20 Spanish peseta 142.62portuguese escudo. 175.85 austrian Schilling. 12.2175saudi rival 3.748 Bahrain Dinar 0.37675kuwaiti Dinar 0.2979 norwegian Krone 7.491danish Krone 6.7635 British Pound. 1.4989german Mark 1.738 Swiss franc 1.4575french franc 5.9145 dutch Guilder 1.9452belgian franc 36.28 Canadian Dollar. 1.3127 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $387.85 an ounce Silver quote $5.21 an ounce Busch presses bid for czech Budweiser Prague czech Republic hoping to penetrate lucrative european markets Anheuser Busch is pressing efforts to buy into the czech Brewer that has exclusive rights to the Budweiser name on the continent. The american brewing giant and Bud Var concluded a round of talks Friday on a proposal to sell Anheuser Busch a 34 percent stake the state news Agency ctr reported saturday quoting Budvar Gen eral manager Jiri Bocek. A final decision is not expected for eight or nine months Bocek said. No fur ther details were available. Czechs the world s biggest per capita Beer drinkers fear a takeover by Anheuser Busch could spoil the taste of their High Quality Beer. Budvar is a Small brewery with annual production equivalent to about 550,000 31-gallon barrels and a reputation for making one of the world s Best Beers. It has brewed Beer since the 19th Cen Tury in the Southern Bohemian town of Cesky Bude Ovice known As Budweis in German. Anheuser Busch based in St. Louis has been trying to buy Budvar since at least 1989. Adolphus Busch a native of the South Ern German state of Bavaria acquired the rights to sell Beer under the Budweiser name in North America in the early20th Century. Coors of chill out with own ice Beer Golden Colo. A Coors brew ing co. Has announced that it is licensing technology from the Canadian Brewer John Labatt Ltd. To make its own ice Beer. Ice Beer is made by chilling the brew until it forms ice crystals which Are then filtered out. Several other Brewers including Bud Weiser Anheuser Busch and Miller Are testing the Market for ice Beer in cities around the country. Seafood safety rules planned to put Burden on processors Washington a seafood pro Ces ers will have to Monitor fish from boat to table under new safety regulations the government announced Friday that aim to prevent food poisoning rather than just react to outbreaks of illness. The food and drug administration regulations will require the Industry to test seafood at every Point on its journey to americans dinner plates from Possi Bly polluted Waters to the pasteurization machines to packaging. The same kind of system is being considered by the agriculture department to try to prevent tainted meat from reaching the Public. But consumer groups said the plan known As the Hazard analysis critical control Point system does not go far enough. Fra has taken a Good first step but by itself this program does not adequately protect Consumers said Mark Epstein executive director of Public voice. Fra is going to need increased authority and funding if it is truly going to reduce needless seafood related ill Nesses and Public voice said the Fra cannot close polluted harvesting Waters require certification of processing plants or in Spect fishing boats or. Fresh seafood markets. And the Agency s plan does not address limits on chemical contaminants in Das Boot i a a Model sits in the world s first submarine on display at the International boat exhibition Boot 94, in Dusseldorf Germany this week. The Oak vessel built in 1775 by american inventor David Bushnell resembled two Tortoise shells placed together and was popularly known As Bushnell s one operator manned the Craft and also turned its screw propellers. The boat was used during the american revolution from 1776 to 1777, without Success. It normally is on display at a museum in Monaco. The boat fair runs through next sunday. Seafood. About 9,000 americans die every year from food poisoning but the number caused by tainted fish meat or poultry is not known. The Hazard analysis system identifies potential contamination before it occurs by focusing on the stops seafood makes on its journey to the table forcing plants to establish safety measures at each Stop and to Monitor those safety measures strictly said Fra spokeswoman Judy Foulke. The regulations go into effect one year after a 90-Day period for Public comment ends. " " Prudential agrees to pay $120 million new Orleans thousands of investors who said they were defrauded by Prudential Bache securities inc. In Oil ventures stand to split a $120 million settlement. . District judge Marcel Livaudais on Friday accepted a settlement worked out on behalf of most investors who bought limited partnerships sold by Prudential he said Federal Law prohibited him from raising the settlement. The approval of the Deal along with Sale of the partnership s Oil property for $500 million will allow investors to recover 88 cents on the Dollar Prudential Law yer Scptt Muller said. He denied charges that investors were defrauded saying they lost Money because of an unexpected collapse of the Oil Market. All of the losses Here were caused by factors other than wrongdoing by the defendants Muller said. Edward Grossman lawyer for the majority of investors said they could begin receiving payments in april or May bar ring an Goldberg who represented a group of dissenting investors who had asked for a $758 million settlement said he did not know if he would Appeal. Goldberg said Prudential tricked investors into believing High risk investment were conservative. Those who lost Money were largely re tired investors he said. How Many More multimillion Dollar frauds can this country take he asked. How Many before the Economy weak ens How Many before the con artists retold enough the Case is part of the scandal involving Prudential Bache s Sale of limited partnerships to about 400,000 investors inthe 1980s. An estimated $8 billion was raised for Oil real estate entertainment and other ventures. Vietnam looks to buy atm equipment from us. Hanoi Vietnam a Viet Nam s Central Bank wants to install the country s first automatic Teller machines and it Hopes to buy the atm equipment from the United states. The state Bank of Vietnam expects prime minister to Van Kiet to approve its atm plan by the end of the month the sem official Vietnam in vestment review reported in its cur rent Issue. If Kiet approves the Bank will take bids for the Sale and installation of a $5 million to $10 million network of Bank machines the report said. The Deputy governor of the state Bank do que Luong announced the plan to install arms in the country s biggest cities after a recent trip to the United states the review said. Luong found the .-made machines com pared favourably with those made in other countries the paper said. A . Trade embargo imposed against Vietnam in 1975 would ban the Sale of Bank machines. But president Clinton is facing increasing pressure from businesses and politicians to relax the sanctions. Clinton has said that fully lifting the embargo hinges on Vietnam s cooperation in aiding the search for soldiers missing from the Vietnam War
