European Stars and Stripes (Newspaper) - June 13, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters monday june 13, 1994today�?Ts rates 1r following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound .1.55 dutch Guilder. 1.81 German Mark. 1.63 greek drachma. 242.1188 nolo. Tho talks above apply within the Host country. Figures Are expressed in dollars to Tho British Pound other currencies to the Dollar following arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies austrian Schilling .11.731 Bahrain Dinar. 0.37675 belgian franc. 34.35 British Pound.1.5057 Canadian Dollar. 1.3745 danish Krone .6.511 dutch Guilder .1.6675 French franc. 5.6775 German Mark .1.6682 italian lira. 1,614.00 Kuwait Dinar. 0.29765 norwegian Krone .7.221 portuguese escudo. 173.70 .3.75 saudi rial Spanish peseta. 136.51 Swiss franc .1.4103 turkish lira. 32,000.00 note figures Ere expressed in dollars to the British Pound Othor currencies to Tho Dollar Gold quote $303.30 an ounce Silver quote $5.36 an ounce. Sources merchants National Bank amp Trust co. The associated press United press International mortgage delinquencies remain near 20-year Low by John d. Mcclain the associated press Washington a an expanding Economy and Low interest rates helped keep mortgage delinquencies near a 20-year Low from january through March although the percentage of overdue payments edged up for the first time in nearly a year. The mortgage Bankers of America said a Survey showed the share of homeowners behind on their payments Rose to a seasonally adjusted 4.12 percent from 4.09 percent in the final three months of 1993. The fourth Quarter 1993 percentage was the lowest since a 3.89 percent rate in the first three months of 1973. Each of the country a regions except the South contributed to the first Quarter increase the first since delinquencies Rose to 4.31 percent in the april june Quarter of 1993. They fell to 4.19 percen China urges . To end restrictions Beijing up1 a chinese government official urged the United Stales on sunday to revoke economic restrictions imposed after the 1989 crackdown on pro democracy demonstrators. Of Huarong spokesman for the ministry of foreign Trade and economic do Zelop mint said controls Over High technological exports to China a Are a cold War product vet the . Is far from reaching any breakthrough in this  president Clinton unconditionally renewed China a most favored nation Trade status May 26 and separated Extension of the Low Tariff privileges from Beijing a human rights record. However Clinton extended the restrictions put in place following the june 4, 1989, Bloodbath in Tiana men Square where soldiers fired on unarmed demonstrators killing unknown hundreds. The restrictions included denial of participation in the . Trade and development assistance program . Opposition to world Bank Loans for projects other than Basic human needs and the suspension of weapons deliveries. Of told the China daily that the two governments should maintain the momentum in bilateral Trade that has escalated since Clinton renewed Man status and urged the United states to relax its controls on High technological exports. A imports from the . Are set to expand As China a economic growth remains in the fast Lane you said. In the first four months of this year China a exports to the United states totalled $4.9 billion and its imports $3.5 billion. As a result of said he does not expect the . Deficit with China to run As High As last years $6 billion. Of also asked Washington not to retaliate Over China a violations of . Copyrights. The United states has listed China As one of the worst violators and warned of retaliation if no action is taken by june 30. During the july september 1993 period. A although there was a modest Rise in the delinquency rate in the first Quarter the Long term trend is clearly Down a said Warren Lasko executive vice president of the mortgage Bankers of America a it is evident from this quarters results that the Low interest rate environment we experienced in the last two years has helped homeowners to meet their mortgage obligations in a timely  the Bankers group also said an expanding Economy was helping Many homeowners meet their financial obligations. However rising rates in recent months could pose a risk it said. A on balance delinquency rates Are Likely to remain near current Levels but modest increases Are possible As the year progresses a it warned. The rising Rales also Are seen As curbing housing activity. The Bankers group Sard in a second report that mortgage applications fell 24 percent during the week that ended june 3 and were Down 44 percent from a year ago. The government had reported earlier that both new Home sales and housing starts had declined in april. The Bankers said the first Quarter delinquency increases occurred in the two More serious categories. The percentage of Loans 60 Days past due Rose 3 basis Points to 0.65 percent while the percentage of Loans 90 Days or More past due increased 1 basis Point to 0.76 percent. But the percentage of Loans 30 Days past due declined 1 basis Point to 2.71 percent. A basis Point is one Hundredth of 1 percent. Regionally the past due rate Rose 25 basis Points in the West to 3.51 percent. It was up 7 basis Points in the Northeast to 4.15 percent and 2 basis Points in the North Central Region to 3.69 percent. Only in the South did the rate fall 13 basis Points to 4.66 percent. No Moscow apr russians Best known sculptor and architect wants to build a bigger better version of californians Disneyland and he Isnit letting anything get in his Way. Not the nations economic chaos. Not the Mammoth size of the amusement Park he spent a decade designing. Not its huge Price and years of construction. Certainly not 500 villagers of Terekhov whose houses and gardens lie smack in the Middle of Surab there Telic a planned masterpiece. A the chosen site for there Telic a wonder Park is inside a a shaped Bend of the Moscow River seven Miles West of the Kremlin. Although Terete i Calls his project the a russian Disneyland a he emphasizes that it has no affiliation with the Walt Disney co. As preparatory work begins villagers say authorities Are trying to drive them off. Residents whose families have lived on the land for generations complain of bulldozers trying to plow Over their gardens of houses burning Down in the Middle of the night of Wells mysteriously empty when firefighters came. A How Are we going to live a asked Antonina Khripunova standing near her vegetable Garden. A they Are depriving us of our  Terete i 60, who oversees the project denies involvement. A a that a a fantasy. Who would do it a the villagers of Terekhov say no one has told them what is planned for them. But a glance at the room sized Model of the Park in there Telic a gallery shows he has Blu printed the Village out of existence. _ he said anyone displaced by the project will be housed in apartment buildings to be built soon. Quot they the villagers Are just wasting the land a Terete i snapped. A which is better a wasting the land with a lot of ramshackle buildings and shacks or building an amusement Park that children can enjoy for generations a wonder Park defies logic in these times of economic hardship. Public information remains sketchy and Moscow City officials refused interview requests about the project. Still the russian government is spending 30 billion rubles $15.8 million this year on initial costs and Moscow has a Model or russian sculptor Surab there Telic a wonder Park located in a Bend of the Moscow River shows the Village of Terekhov has been Blu printed out of existence. Committed 20 billion rubles $10.5 million. But with construction slated to last Well into the next Century political upheaval could put annual funding at risk. If completed in All the splendor Terete i imagines the 927-acre Park would be packed with pavilions rides a water Park Monorail sports Arena and zoo. Two hotels also Are planned and the Park would be a duty free zone. Terete i refused to reveal a Price tag or detailed timetable for the project but said it will take seven years to Complete the first of three stages. What if Cash strapped authorities decide they can to afford the huge annual outlay a a the president has Given us his Assurance a he said confidently nodding toward a framed copy on his office Wall of president Boris Yeltsin a May 18 decree guaranteeing funding. A Short round faced Man with thinning Gray hair and a disarming smile Terete i has an International reputation for thinking big. The georgian native was regarded for years As the leading sculptor in the soviet Union and his designs still reflect soviet socialist realism. He designed a 500-Lon Bronze Monument of Christopher Columbus for the United states but four . Cities have rejected it. In the Early 1980s, he decided to build an amusement Park because a i want to give kids an Opportunity to grow and to  Terete i impeccably dressed in a dark Blue suit with a Gold Bracelet and Gold rimmed glasses recalled finding the site on a map. A it seems to be specially created by god a he said a an unspoiled piece of land without any factories a it also happens to be prime real estate located near Yeltsin a Home and Josef Stalin sold Dac in. Terete i proceeded with his design while working to obtain approval and it did t Hurt that he was plugged into the highest Levels of politics. His Home and offices a the former West German embassy compound a Are full of photographs showing him with russian and . Leaders and celebrities 1 Khripunova 66, said she and others were ready to he Down in front of the Bulldozer that came this Spring to flatten the gardens. The Bulldozer Driver and police officers finally left she said alter warning a this time you win. Next time we w