August 15, 1979

ONE of the best French chefs in Manhattan isn't French at all. He was born in Bangkok, a couple of oceans and 5,000 miles from the Champs Elysees. The cream of his childhood was coconut cream, his “vanilla” was ginger root and citronella. He is 32-year-old Amnuay Nethonekome. who is known to his friends an “Nick.”

Pacific Telephone & Telegraph Co, turned down by Supreme Court Justice William H Rehnquist, turns to Justice William J Brennan and wins at least temporary reprieve from paying more than $1.8 billion in customer refunds and Federal taxes; Brennan refers issue to full Court; IRS also has claim against phone co for more than $1 billion in Federal taxes (S)

Frank J Prial article on being 1 of judges at wine-tasting competition at Los Angeles County Fair; illus (L)

General Motors Acceptance Corp to buy up to $230 million in receivables from Chrysler Financial Corp; move is culmination of steps taken to bolster position of Chrysler Financial; will help Chrysler reduce its dependency on bank loans and help co continue to finance purchases of cars by dealers and customers; industry sources say Chrysler's ability to put together its own rescue package will be crucial to its receiving Federal aid; table indicates restructuring of Chrysler Financial (M)

General Motors Acceptance agreed to buy up to MO million Chrysler Financial receivables. The cash infusion from the G.M. subsidiaiy was the culmination of a series of steps to bolster one Chrysler's key subsidiaries and,will help Chrysler reduce its heavy dependence on bank loans. Industry sources said the ability Chrysler to put together a rescue package of its own will be critical receiving approval from Washington for Federal loan guarantees, which the Carter Administration has said it will consider. [Page Al.]

Article on difficulties Russian emigres are experiencing in adjusting to life in Jersey City, NJ, and conflicts they are having with their Puerto Rican neighbors; some 400 Russian emigres have settled in city in last 3 years; emigre Nina Allovert comments; illus (L)

Mayor Koch announces that preliminary figures show that NYC ended fiscal '79 with $200 million more than expected, reducing its projected debt for year to $460 million from $660 million and enabling it to rely less on borrowing in current fiscal year; notes that savings could be used only to reduce city's debt and not for extra expenditures; Koch and Comptroller Goldin say city will use at least $100 million of money to reduce its long-term debt, using substantially fewer Municipal Assistance Corp bonds to finance capital expenses; move could save city $10 million a year in debt service; illus of Deputy Mayor Philip L Toia, Budget Director James R Brigham Jr and Corp Counsel Allan G Schwartz (M)

A 71-year-old New York City financier, who has been a collector since he was 5 years old, has sold his collection of 3,500 rare stamps and letters to a British company for more than $10 million, the buyer announced yesterday.

Gantz is recaptured 2 hours after he flees Cossano family home; is charged with grand larceny, robbery, unlawful imprisonment, sodomy and rape; illus (M)

NYC panel approves support for refurbishing of office building at 466 Lexington Av through partial real-estate tax abatements over 20 years; building will house corporate headquarters of J Walter Thompson; building owner is Olympia & York Park Plaza Co (M)

Alfa Romeo SpA seeks joint ventures with foreign and domestic companies in effort to cut its vast operating losses; directors deny that company, which lost over $150 million in '78, is for sale; graphs; illus (M)

State Sec Cyrus Vance criticizes Young for holding unauthorized meeting with PLO representative and for giving State Dept false version of what happened (S)