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To: Zardoz who wrote (24901)	12/24/1998 8:38:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116759

Merry Christmas and Happy New Year to you 24 December 1998 Europe's biggest bank puts a little glister into staff stockings William Hall Financial Times ZURICH - UBS, Europe's biggest bank, is going to give each of its 30 000 domestic staff three gold bars for Christmas, proving that the gnomes of Zurich still love that which glisters, despite the government's plans to sever the Swiss Franc's link to gold. Admittedly, they are only minigold bars. The biggest weighs 20g, the others 5g each and they are worth Sf400 in total, compared with the Sf13 300 cost of a regular Swiss gold bar. But it is the thought that counts. UBS's decision to hand out Sf12m of its gold reserves to domestic staff as thanks for their hard work follows a particularly difficult first year since the announcement of its merger with Swiss Bank Corporation. It lost more money than expected through imprudent investment in equity derivatives plus, as a result, its chairman. Gold enthusiasts the world over may take some heart from the gesture bday.co.za

To: Zardoz who wrote (24901)	12/25/1998 2:26:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116759

Quote: It is the mark of an educated mind to be able to entertain a thought without accepting it. Aristotle

To: Zardoz who wrote (24901)	12/26/1998 12:14:00 PM
From: Ahda	Respond to of 116759

Waiting and waiting and waiting. Looking and looking and looking must be hole in the toe. Thanks Hutch for all the assistance during the year. Happy New Year to You and all about and around you.

To: Zardoz who wrote (24901)	12/26/1998 5:44:00 PM
From: Alan Whirlwind	Read Replies (2) \| Respond to of 116759

"May you all find 1-10 Oz. of GOLD in your stockings on Christmas Day." I got a couple of rolls of Kennedy 40% silver halves. Is that just as good?

To: Zardoz who wrote (24901)	12/26/1998 9:54:00 PM
From: goldsnow	Respond to of 116759

World: Europe Germany in Euro budget threat Monetary union is coming - tax unity is a different ball game German finance minister Oskar Lafontaine has warned that Germany may withhold payments to the EU budget unless agreement is reached on harmonising taxes. He is quoted in the Welt am Sonntag newspaper as saying Europe cannot expect Germany to pay the highest net contribution but at the same time do nothing against "unfair tax competition". His comments are the first public suggestion that Germany may link its financial support to the EU with the stalled efforts to coordinate taxes. Asked if Germany was actually going to refuse large payments to the EU, Mr Lafontaine said Bonn was only looking for a fair deal. "We are not demanding any conditions. We are hoping for fair cooperation," he said. Mr Lafontaine said proposals put forward by the EU Commission offered a chance of progress during the German presidency, which begins on 1 January. German demands for EU nations to have common taxation have met strong opposition from London. The Sun newspaper dubbed Mr Lafontaine "the most dangerous man in Europe" following his demands for tax harmonisation earlier in December. With some of the highest tax rates in Europe, Germany wants to make revenue harmony a focus for the group over the next six months. Chancellor Gerhard Schroeder has complained that countries with lower tax rates hold a competitive advantage in the single market. His new German government says that Bonn pays an unsustainable 60% of the EU budget - a total of $13bn. Germany wants the whole of Europe to withhold tax on savings - a policy opposed by countries like the UK and Luxembourg. German savers, attempting to evade such taxes in Germany, have poured billions of dollars into foreign bank accounts in recent years. news.bbc.co.uk

To: Zardoz who wrote (24901)	1/1/1999 12:33:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116759

Thursday December 31 7:18 AM ET Exchange Rates for Euro Currencies By The Associated Press The European Commission, the 20-member executive body of the European Union, today announced the irrevocable conversion rates between the euro and currencies from the 11 nations participating in the shared currency. EU finance ministers were to give final approval to the rates later today. From its official launch at midnight tonight, the euro will be worth: 1.95583 German marks. 6.55957 French francs. 1936.27 Italian lire. 166.386 Spanish pesetas. 2.20371 Dutch guilders. 40.3399 Belgian francs. 13.7603 Austrian schillings. 200.482 Portuguese escudos. 5.94573 Finnish markka. 0.787564 Irish pounds. 40.3399 Luxembourg francs. Based on those rates, the euro expected to start trading at $1.1665. dailynews.yahoo.com NOTE: The 10 currencies included in the USDX, their base rates and their weighting in the Index are: CURRENCY BASE RATE WEIGHT German Mark 35.548 cents/mark .208 Japanese Yen 0.3819 cents/yen .136 French Franc 22.181 cents/franc .131 British Pound 247.24 cents/pound .119 Canadian Dollar 100.33 cents/dollar .091 Italian Lira 0.176 cents/lira .090 Netherlands Guilder 34.834 cents/guilder .083 Belgian Franc 2.5377 cents/franc .064 Swedish Krona 22.582 cents/krona .042 Swiss Franc 31.084 cents/franc .036 global-view.com As of Market close the Euro is at 1.1724 USD/Euro or Down 0.503% Gold up 0.292% Note: They Valued the Euro with a margin for the depreciation to occur over the coming weeks months. pacific.commerce.ubc.ca