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He said his government had just asked U.N. human rights monitors to increase their numbers in Burundi in an effort " to put an end to this vicious circle of violence. "
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[]
More than 150,000 people have been killed in violence between the minority Tutsis and the majority Hutus since 1993.
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[]
Botswana's envoy, Mothusi Nkgowe, said coups should be relegated " to the dump heap of history " as there could be no justification for the overthrow of a legitimate government.
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[]
Chile has proposed a resolution, still under discussion, that would impose an immediate arms embargo on Burundi and call for negotiations.
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The draft suggests further sanctions against those who impede a political solution.
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[]
Among the council's five permanent members, Russia and the United States appeared to support most elements of the Chilean proposal, while Britain, France and China were cautious.
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[]
Terence, a Tutsi, said any arms embargo would leave the army unable to defend itself against Hutu guerrillas and leave the population exposed to " armed terroritsts. "
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But Chilean Ambassador Juan Somavia said: " Every weapon that reached Burundi is a weapon aimed mainly at killing an unarmed civilian.
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We must not send a signal different from the African leaders themselves.
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Inaction is becoming the worst possible course of action. "
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[]
Burundi's parliament has been suspended and political parties are banned but Terence told reporters Buyoya would reconvene a new type of national assembly in October.
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[]
The United States said the coup leaders had taken no steps to restore democracy and indiscriminate killings continued.
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Ambassador Karl Inderfurth said the new government should have " unconditional " negotiations with all parties inside and outside of the country.
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He said Washington strongly supported the economic sanctions imposed already and if these did not work the council would consider " an arms embargo or targeted sanctions against faction leaders. "
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[]
But he said the international community had to be prepared for the worst and avoid a replay of the horrors in neighbouring Rwanda, where widespread genocide broke out against the Tutsis two years ago.
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He again said the United Nations should draw up contingency plans for a rapid humanitarian intervention.
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Swiss arrest Rwandan on genocide suspicion.
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[]
BERNE 1996-08-28
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Swiss authorities said on Wednesday they had arrested a former Rwandan mayor, now living in Switzerland, on suspicion of violating human rights during the genocide in his country in 1994.
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The Defence Ministry said in a statement that investigations were still in the preliminary stage but it was cooperating closely with police in the cantons of Geneva and Freiburg.
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It did not identify the man.
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OPTIONS -- EOE options volumes-close.
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AMSTERDAM 1996-08-28
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1605 GMT
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CALLS PUTS PCT OF TOTAL
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TOTAL VOLUME -- 83,008 60,131 22,877 --
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FEATURES-AEX INDEX 7,391 5,658 15.72
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-AHOLD 7,190 1,123 10.01
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-BOLSWESSANEN 4,420 705 6.17
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-ABN AMRO 3,003 1,940 5.95
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-ING 3,853 673 5.45
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[]
-VNU 3,060 843 4.70
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-- Amsterdam newsdesk +31 20 504 5000 (Fax 020-504-5040)
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French tax office sucks in money.
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PARIS 1996-08-28
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Workers fixing the ceiling of a tax office in Paris found a dozen seven-year-old cheques for a total of six million francs ($1.2 million) in a ventilation pipe, the weekly Le Canard Enchaine said on Wednesday.
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A Finance Ministry official explained that the cheques for corporate tax payments had been sucked into the ventilation system, the weekly reported.
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The companies had been contacted at the time and had not been fined for failing to pay, the official said.
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Swiss bond market closing report.
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ZURICH 1996-08-28
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Swiss bonds ended mostly higher in generally quiet activity, with the September confederate bond futures contract holding just above 113.00.
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" Today was very quiet after a lot of activity on Tuesday, " said one Swiss bond futures trader.
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He said the market began strong, gave up some gains at midday and then was able to recover back at the close, but all on light volume.
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In the primary market, Eksportfinans and Suedwest LB launched issues for 100 million and 300 million Swiss francs, respectively.
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Eksportfinans' seven-year issue was quoted at a yield of 3.98 percent, and Suedwest LB's five-year issue was quoted at 3.60 percent.
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Swiss money market rates remained lower at around 1.75 percent offered.
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As to fundamentals, economists at Credit Suisse said they expect the country's gross domestic product to be flat to negative in 1996, and to grow only 0.6 percent in 1997.
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The Swiss government also said Wednesday it had made progress in cutting Switzerland's projected spending for 1997.
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Switzerland reports July consumer prices later this week.
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Closing prices as follows:
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Sept conf bond up 12 at 113.02.
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Sept comi medium-term bond up three at 109.45.
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Sept Euro Swiss francs up three at 97.82.
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-- Cash:
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4-1/2 Apr 2006 bond 101.80/90 yield 4.252 pct
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-- Zurich Editorial, +41 1 631 7340
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Anti-Bhutto rally draws about 8,000 in Karachi.
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KARACHI, Pakistan 1996-08-28
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About 8,000 protesters marched through Karachi on Wednesday demanding the removal of Pakistani Prime Minister Benazir Bhutto, witnesses said.
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" From here we will march to Islamabad and by God we will not let Benazir and (Bhutto's husband Asif Ali) Zardari escape justice, " Nawaz Sharif, leader of the main opposition Pakistan Muslim League told a rally organised by a 16-party alliance.
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Sharif accused Bhutto of corruption and nepotism, charges she has denied in the past.
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Witnesses said protesters carrying colourful party flags walked for several miles, chanting anti-government slogans.
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The event was part of an opposition campaign launched on August 14, Pakistan's independence day.
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Sharif said similar rallies would be held in the Balochistan provincial capital Quetta and the Punjab provincial capital Lahore before an opposition march on the capital Islamabad.
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" I promise the people of Karachi that those responsible for the extra-judicial killing of innocent youths would not be spared, " Sharif said.
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Karachi's ethnic Mohajir National Movement (MQM) accuses the government of killing many of its militants in cold blood.
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The government has denied the charge and blames the MQM for much of the violence that killed 2,000 people in the city last year.
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Political observers said the turn-out was disappointing for a city of about 12 million people, possibly indicating that the MQM, although a member of the opposition alliance, had not mobilised its supporters for the event.
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The turbulent southern port has been calmer this year, but police say more than 300 people have died in political unrest.
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The MQM speaks for Urdu-speaking Moslems who migrated from India at Partition in 1947 and their descendants.
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Sharif, a former prime minister, is the main political rival of Bhutto, who defeated him in the October 1993 election.
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He said only the removal of the government and an early election could save Pakistan from disaster. "
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We will dislodge the Bhutto government.
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It is a holy war for us, " he said.
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Bhutto has vowed to complete her five-year term.
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India ACC Apr-Jul' 96 sales, output up.
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BOMBAY 1996-08-28
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India's leading cement firm Associated Cement Companies (ACC) said on Wednesday its cement sales rose to 3.1 million tonnes in April-July 1996 from 2.93 million a year ago.
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ACC Chairman Nani Palkhivala told shareholders at the firm's annual meeting cement output rose to 3.14 million tonnes in the first quarter of 1996/97 (April-March), from 3.01 million a year ago.
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Palkhivala said ACC had secured government approval to take over a sick cement firm with a grinding capacity of 275,000 tonnes per year. "
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We will take it over early next month, " he said.
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Talking about the cement industry in general, Palkhivala said Indian production rose by about 10 percent in 1995/96.
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" The industry saw capacity expansion of about 13 percent over 1994/95 from 77.79 million tonnes to 87.45 million tonnes, " Palkhivala told shareholders.
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He said Indian cement exports dropped about eight percent from the previous year because of stiff international competition and inadequate infrastructural facilities.
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ACC's own export performance was marginally better than in 1994/95 on account of a 36 percent rise in exports to Nepal and the opening of a new market-Sri Lanka, he said.
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Despite power shortages, ACC achieved a satisfactory growth in production during the year with the help of its power plants.
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ACC sold 9.4 million tonnes in 1995/96, retaining its top position in the Indian cement industry, Palkhivala said.
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-- Bombay newsroom +91-22-265 9000
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Belgium bank sanctions $6.5 mln loan to India WSRL.
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BOMBAY 1996-08-28
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Belgium's Kredietbank has approved a $6.5 million loan to India's Welspun Stahl Rohren Ltd (WSRL) to part-finance its submerged arc welded pipes plant, the Indian company said in a statement on Wednesday.
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The loan is at LIBOR plus one percent, it said.
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The loan, maturing in six years, is guaranteed by Indusind Bank for $3.5 million and by UTI Bank for $3 million, it said.
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The WSRL plant, located in the western Indian state of Gujarat, will have a capacity to manufacture 175,000 tonnes per annum of longitudinal pipes and 25,000 tonnes per annum of spiral welded pipes, the statement said.
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The longitudinal pipes plant is expected to be complete by the second quarter of September 1997 and the saw arc welded pipes plant by September 1996, it said.
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WSRL is part of the Welspun group which has a presence in the cotton yarn, terry towels and polyester yarn industry, the statement said.
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-- Bombay newsroom +91-22-265 9000
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India fishermen say forced to carry Tamil refugees.
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P.V. Krishnamoorthy
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RAMESWARAM, India 1996-08-28
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[]