Skip to main content

Full text of "The Times , 1986, UK, English"

See other formats

ml m a| 

MSN* #ii _v 


^SGStfGl »*.... 

* * a ’ ! W-ifid 

*“ «. fl 


*y ir « 

** -tii. 

* '*»5 i » 


ll.jt ir*™. . *V r^J.'l 

'■£ '-7*..y _ . 

'•f ~av..« k 

rt to'" - i- 

..,,‘r^- Carl?' 
.' - and fc 

. 'iBuinte zr 

. . . * a 


•V *“ •“.‘Hd? 

■ : 'i’is§ 
:.': ; ;"S?S 

• • Hear. Ii 

’!’'. ' 1 ‘ ,ht ««J [J 
::.I:: SM n«H«iff 
:'; , ' !Uin ‘MS 

' '”■ :;,t 'uanianJ? 
■• Tl ^‘n>nseof fc : 

*! J 

v - .:;! > ,hc ,i*t* 

' '■ vr ‘ idl aficr ^ 

,'. w ffljan , 


'-' • v -W.iati #J| 
•■ "■ '•*' lopikflK 

• r-«!icc anjfc 

:hv ihriKfi 
' : whirl fa 

’ ‘ "•■ - l:a ‘t. i> fc. 

" - • •"' Bli ftptttf 

1 riTicfa may® 
^ ' 4 ere probb 

*■"'•• Mshd tkB 

1 btlifinCi 

. Rradir 

• — 1 *.irv bs; 

■ -'■.■■•* j-i it' 

• •• • *7 Hoi »f 
«•■•■ ■*■. sdM 

■ •■■:■-! -.•» I'iaia 

• •■■■inci: Tk* 

: r , : vti*: 

• firmnc 

• •: . Il i»i 

, .. ■-. UiitaUC 

. lets' 

; ::.= thrE 

• a: 

. . ; i • j.-n.r '■bcMaWos 

■*'< a IMS' 

. . . i <>• «Jud t 
-t :si- pad-* 1 

- . A « 


• c J iff 

; . . • • ! a?l « r 

id ml a 

: .jr 


\ ictoO 

s > rn nU ' 



No 62,490 

// i* ^4^7 \| 



4 From MkJmel Hornsby, JobaniKsburg 

Govei ? 1 ' Anglican Bishop of Johannes- nies met the Minister of Law 
meat took nirther steps at the burg, said yesterday at a and Order, Mr * Le 
weekend to silence- -political sendee in Lenasia, the main Grange, and the Commission- 

and Order, Mr Louis Le 

opposition under the state of residential area for fortune 
emergency by prohibiting near Johannesburg, that South 

fniniirafiAii n« omr PfotawiMt. a x*_* « > 

Grange, and the Commission- 


Coetree, to protest about “There was no coveHm, and 
widespread deietmpns of ^ Minister informed die 

Hoese of Commons at the 
About 1 00 stores and super- par figg y possible opportnnitT,’' 

publication of any statements 
by officials of 120- organiza- 
tions in six magisterial dis- 
tricts in the Western Cape. 

In Durban, at last three 

Africa was becoming a coun- 
try where to be a Christian 
would be dangerous. 

“The Government oT this 
country is scared, of the 

MONDAY JUNE 23 1936 

on lamb 

By Jobs Young 

The Ministry of AgricnltHre 
yesterday empbatkaHy denied 
sa&esrioiis that Mr Michael 
Jopling, the department's 
miaister, had been aware for 
some time of high levels of 
radiation in sheep h parts of 
North Wales and Cambria, 
and had deliberately sup- 
pressed the 

“There was no cover-up, and 
the Minister inhumed the 
Hoase of Commons at the 

bombs exploded late on Satur- church. It's going to be danger- 
day. and early yesterday. No- oustobea Christian. It’s going 
one was killed or injured, to be like the old days, where 
according ^ to the you are going to be persecuted 
Government s Bureau for In- because you are a Christian." 
formation, which at first de- Among the organizations 
scribed the incidents as “not silenced in the Western Cane 

to be like the old days, where 
you are going to be persecuted 
because you are a Christian." 

Among the organizations 
silenced in the Western Cape 

serious” and the damage as are toe Azanian People’s Or- 
minor. ganization (the main black 

Later, however, it said one consciousness bodyX the Con- 
bomb had damaged a canal grass of South African Trade 

feeder-channel and a pipeline 
carrying crude oil, some of 
which leaked into toe sea. 

. The bureau is the only 
official source of information 
about what it -terms “unrest- 
related incidents”. Publica- 
tion of news or comment 
about the involvement of toe 
Army or police is forbidden 
without permission of- toe 

the bureau also said there 
had. been “only one unrest- 
related death” during toe 48 
hours to 6am yesterday, 
“namely n male person killed 
by a mob in Soweto”. This 
brings to 55 the total of 
officially^reporxed deaths 
since the imposition of toe 
emergency oh June 12. 

ganization (the main black 
consciousness body), the Con- 
gress of South African Trade 

consciousness body), the Con- 
gress of South African Trade 

ican Trade 

Waite’s attack 

A Kfatfcmg attack on the 
South African Government 
was bunched by Mr Terry 
Waite, the Archbishop of 
Canterbury's special envoy, 
yesterday . Page 11 

toe country have been hit by pom that millions of animals 
strikes because ^of iheto £ould have to be slaughtered 
uomt and related political as unfit for human 

gr TW^mfv*r nf Min~ ha* torn were “absolute rnbbish”. 
The Chamber of Mines has Last Friday the Government 

tal»ttd«l2n on the sfcwgh- 
_ constraints on the National ^ „ movement of sheep and 

kunbs in the two anau^after 
have a negative nnpact on ^ < B SCOV eiy of mmsaaDy 
armual w^e negotiations - a ^ 0 j rvtios2l£S i Q j; 

Ainwt 5,000 flocks comprising 
»« 1^58.000 nim d> m 

j pom that millions of animals 
would hare to be slau ght ered 
as unfit for human consump- 
tion were “absolute rubbish”. 

Last Friday the Government 
imposed a ban on tire slaugh- 
ter or movement of sheep and 
lambs in toe two areas, after 
the discovery of mmsnally 
high levels of radio-caesium. 

senior officials of the NUM, 
whose whereabouts is 

The authorities still refuse 
to give the names or number 
of people detained under the 
emergency regulations, which 

affected by toe ban. 

The source of the contami- 
nation is believed to be very 
heavy rainfall daring die first 
weekend in May, shortly after 
toe Chernobyl power plant 
disaster in the Soviet Union 

give poticesweeping powers of l 

Unions (toe biggest black 
trade union federation), the 
Detainees' Parents’ Support 
Committee; toe End Con- 
scription Campaign, the Na- 
tional Union of South African 
Students, toe Release (Nelson) 
Mandela Campaign and toe 
United Democratic Front 
It is an offence to. publish 
“any utterance of an office- 
bearer or officer” of the 120 or 

In Bophuthatswana, one of so organizations named in the 
ffiur “independent” tribal ban, which applies in the 
homelands, which are not - Cape, Simonstown, Wynberg, 
covered by the emergency, a Goodwood, . Bellvflfe and 
former divisional co minis- Kuils River magisterial dis- 
sioner of toe Bophnthaiswana tricts. These cover Cape Town 
police. Brigadier . Andrew and toe Gape Peninsula and 
Molope. was’ shot aead on toe adjacent hinteriand. 
Saturday by guninea . - - ■ In Cape Town on Satoday, 

Bishop Desmond Tutu, the heads of leading retail compa- 

faomelands. which are not 
covered by the emergency, a 
former divisional commis- 
sioner of the Bopbutliatswana. 
police. Brigadier'; . Andrew 
Molope, . was 1 shot dead on 
Saturday by gunmen..- 
Bishop Desmond Tutu, toe 


1 . '"l 1 ?. .' ■■ .J i ! ■ ' 1 

in Cuba 

arrest without warrant. 

Last week toe Detainees’ 
Parents* Support Committee 
estimated that at least 1,034 
people were in detention, 255 
of them community or politi- 
cal workers, 115 students and 
teachers, 65 trade unionists, 
44 clergy and church workers, 
12 journalists, nine in a mixed 
category, including lawyers, 
doctors and taxi-drivers, and 
534 unknown. 

The release was reported at 
the weekend of 150 people 
detained after police arrested 
toe entire congregation of the 
St Nicholas Church in Elsies 
River, a Coloured area of 
Cape Town, on June 15. They 
said the service was an illegal 

First person, page 15 
Diary, page 16 




Almando VaUadares 
spent 22 years as a 
political prisoner in 
tiie gaols of Castro’s 
Cuba. He recounts 
bis nightmare — and 
explains what gave 
him the courage 
to survive it 

Style: the name 
of the game 

Fashion looks at new, 
snappy sportswear 

By Richard Evans, Political Correspondent 

Mrs Thatcher and her Cabi- Provided toe Cabin 
net colleagues look set to agree to such a mission 
on a two-pronged approach to almost certainly be d 

Provided toe Cabinet agrees 
to such a mission it will 
almost certainly be discussed 

the growing crisis in South at toe EEC heads of govern- 
Africa, involving new eco- ment meeting in The Hague 
nomic measures and a last- on Thursday. If Sir Geoffrey 
minute peace initiative to goes to South Africa he will go 
Pretoria. not only as Foreign Secretary 

An inner group of satire' but also as a representative of 
ministers will meet today at : toe EEC 

on Thursday. If Sir Geoffrey 
goes to South Africa be will go 
not only as Foreign Secretary 

Downing Street and is expect- Mrs Thatcher at toe week- 
ed to role againsr stopping end rufed out on financial and 
direct air flights and tannmg legal grounds toe banning of 
toe import of South African ajj- fhghts to South Africa, 
fruit and ye«tahles> Instead it Apartfrom costing. British 
is increasingly hkehr the group Airways an estimated £60 
wll recommend the banning m flii 0 n in lost revenue, it 
ot uranium imports and would inevitably l ea d to a 

the area. 

Interviewed on the BBC 
£S^S5 wito programme The World 
*£» WeSad yesterday, Mr 
J«H>li*« said that the Ministry 
UES; had decided to enforce an 
udentsand -2*^- limit far below the 

safety levels established by the 
A workers, Xnteruatfonal Atomic Energy 

g awyer^ Some frvmers might think 
nveis. and be was being overpndeitf In 
_ imposmg toe ban ff the risks 
^ octed f 1 were so minimal, the minster 
150 people couched. “Bat I am afraid 
that toe interests of consumers 
must be the first thing in my 
h in fctsies be said. 

^ The delay in malting the 

<mter w «mWnei by the 
s an illegal ^ct was that it was not until 
t - last week that the Ministry's 
J5 roomtoring programme, which 
Vi page I” had been gonqr on since. 

' shortly after the Roaster, had 
rm^ 1 hegonio detect highar levels of 
[ ill k radlo-caeshnn. * 

- Mr . It was. tikely toat some 
_ ' contaminated lamb had in the 
T1A meantime been on sale in 

. • shops, bat Che average levels 
were such that a whole year's 
" coasnmptien would prodnee no 

inet agrees more radiation than a single 
n it will X-ray examination. 
dis cussed Initially the moaftorogpro- 
rf govern- gramme concentrated on milk, 
he Hague drinking water and vegetables, 
r Geoffrey which are very rapid indka- 
be will go tors of radioactive awitamina- 
Secretary tion and which did for a time 
stiativeof show higher levels of iodine 
than nermaL But these have 

Maradona puts 
England out 
of World Cup 

From John Carlin in Mexico City 
and John Good body hi London 

England went out of toe match in the stadium where 
World Cup yesterday when next Sunday's final will be 
Diego Maradona scored twice staged- 

to give Argentina a 2- 1 victory 
in their quarter-final tie in 
Mexico City. 

Lineker scored his sixth goal 

A Mexican police officer 
said be believed that if there 
were any trouble later it would 
start not among toe English 

in the finals for England near fane, despite their fearful repu- 
ibe end after a fine cross from la tion since last year’s Europe- 
substitute John Barnes, bm an Cup Final in Brussels, but 
toe equalizer would not come, among a small but notoriously 

Maradona’s opening goal in 
the 52nd minute was conlro- 

violent Argentine contingent. 
While an effort had been 

versial because the Aigemin- made by toe British Govem- 
ian striker, who plays for mem and toe Football Associ- 
Napoti in Italy, appeared to be alion to try to ensure known 


[ putting an end to new invest- 
ment by British firms iu South 
Africa. ... 

The group's proposals wifi 
then go to a meeting of toe 
Cabinet’s overseas and de- 
fence committee tomorrow 
and toe full Cabinet on 
Wednesday. ' " 

In addition, the Prime Man- 
isier is underpressure to agree 
to Sir Geoffrey Howe, the 
Foreign Secretary, or a senior 

legal wrangle and could take 
up to two years to implement 
• The Prime Minister is per- 
sonally opposed to ending tiie 
import of South African fruit 
and vegetables, arguing that 
the only people it would hurt 
would be black farm workers, 
particularly Cape Coloureds. 

The problem feeing the 
Cabinet, according to one 
senior minister, is how to 

• Tbe weekly prize 

of £8,000 in The Times 
Portfolio Gold 
competition was won 
outright by Mr 
Michael Afman, of 
Austell, Cornwall. 

• Saturday’s £4,000 . 
prize was also won 
outright, by Miss 
Susan McDonald, of 
Abingdon, Oxfordshire. 

• There is another 
£4,000 to be won today. 

• Portfolio fist, page 
28; rules and howto 
play, information 
service, page 24. 

official from his offire, leading produce a -pac k a g e of mea- 
a delegation to Pretoria for sures which is not so trivial as 
talks with President Botha in a to be laughable, but does not 
Iast-totch attempt to persuade, result in thousands of blacks 
him todismantleapmtoekL being thrown out of work. 

Govermnent scientists are 
now said to be confident that 
readings will fell steadily over 
the next few weeks - 

Bat testing is also taking 
place in Scotland and North- 
ern Ireland, which also experi- 
enced heavy rainfall at the 
critical period. The Govern- 
ment win decide early this 
week whether to extend the 
areas of restriction. 

So far there has been no 
significant drop in Iamb sales 
in the shops, and consumers 
seem to have accepted assur- 
ances that their health is not in 

The Government has said 
that it is prepared to consider 
compensation claims from 
farmers in tbe restricted areas 
who suffer financial loss from 
tbe delay m taking their 
animals to market. 


Falling about: England's Peter Reid takes to the air after 
stumbling over an Argentine player daring the first half of 
yesterday's World Cup quarter-final in Mexico City. 

MP’s call to Hurd 
on Stalker case 

By Richard Evans and Peter Davenport 

A Conservative MP ques- celebrate Mr Taylor's 50th 
tioned by police investigating birthday, 
the secret allegations against During his interview with 
Mr John Stalker, officers from West Yorkshire, 
Manchester's Deputy Chief Mr Franks was asked whether 
Constable, will seek a Com- he recognized any of toe party 
tnofts statement today from ' guests as criminals, 
toe Mr Douglas Hurd, Home “There were about 150 peo- 

Secretary. pie there. How on earth can I 

Mr. Cedi Franks, MP for ^ exposed to know whether 
Barrow-in-Furness, who was ai, y criminal 

quizzed for over an hour eight connections? It is absurd. It is 
days agp by a chief iusepetor, Q u >te obvious to me that the | 
said last night “A number of P 0 ^ carrying out this inv«- 
people including at least half a tigation are groping in toe 
dozen MPs have already been «*“* a great deal of 

sucked into this inquiry, yet factual evidence to go on. 
not one of us has been told Mr Stalker, removed from 
what it is all about It is time the inquiry into an alleged 
toe speculation was ended and shoot-to-kill policy by the 
the person to do that is the Royal Leister Constabulary. 
Home Secretary. expects to be told the precise 

“The whole thing has be- nature of toe disciplinary aile- 
come absurd and bizarre. We gations against him today, 
are getting tainted one way or Accompanied by his law- 
anotherby innuendo.” yets he will hold a second 

Mr Franks and other Tories meeting with Mr Colin Samp- 
seen by police have been asked Chief Constable of West 
about Mr Kevin Taylor, a Yorkshire, who is leading the 
Manchester businessmen and investigation into complaints, 
prominent Conservative who 5 s we ^ 85 over 

has been under investigation Stalker’s role as head of toe 
by police and is a long- RUCT inquiry, 
standing friend of Mr Stalker. The Stalker investigation is 

Mr Franks, a solicitor and expected to be on toe agenda 
leader of toe Conservative [ or a ^is week be- 

group on Manchester city ^ veen R j!*j^^] ier . an< ! 
council from 1979 and 1983. g™ FitzGerald, toe Irish 
was quizzed about a party he Prime Minister, 
attended in January 1982 to Continued on page 24, col 1 

Spain exit polls show 
a Socialist majority 

From Richard Wigg, Madrid 
Spain’s Socialist Party will Guerra, the Socialist cam- 

Becker and Brightest price outlook 
Lendl open for 19 years from CBI 

WimWftfl OH By David Smith, Economics Gomipandent 

The Government’s inflation cent of firms are to cut their 
By John Goodbody hopes receive a boost today, prices.. These are toe best 

Sports News Correspondent with the announcement from results for 19 years. 

■Boris Becker of' West Gei= J* 1 ® Confederation <£ British M - Wiff( , lpswnrrh 

mary.wtoUsty'wanheage m Sf d^nTES: 

of 1 7 became the youngest raise prices than at any 

. player to win the-men's singles time since 1967. 
at Wimbledon, begins his The CBI's latest monthly 
defence at 2prrr this afternoon survey, covering more than 

By David Smith r Ecoooiiiics Correspondent 
The Govern mem's inflation cent of firms are to cut their 

Sikh killed 

The president of a Sikh wel- 
fare-group was shot dead' by 
police at a checkpoint in the 
holy city of Amritsar yester- 
day ■ Page 12 

Divorce poll 

■ A very dose result .is expect- 
ed in the Irish referendum on- 
divorce after an astute cam- 
paign by opponents 

- Pages 2, J5 
Leading article, page 17 

Hook News '2-7"! law Report 41 
Overseas 8-11 Leaders ' 17 
Appfc . 22J7 Letters 17 

Aits 23 Ofrftnuy 22 

Births, deaths. Fsriamai! 24 
marriages 22 Preffl Bonds 24 
iSSm 25-36 ReKgfen 22 
Chess' M SrfeflMa . 6 
Church .22 Sdence . 5 

Coot . .. 2 2 Sport 42-48 

Cl uswwils 14^4 liulns dc fl 
Dwrr 16 TV £Radia 47 

FeatBRS 14-16 Weather 1A 

# j 

against Eduaido Bengpecbea 
— of Argentina. ' 

The . traditional opening I 
match' on toe Centre Court, 
el- featuring the men’s title hold- 
by er, opens the .Wimbledon 
:he fortnight which last year at- 
er- traded a record attendance of 
11 397,983. 

■ At the same time, on No l 
' Court, Ivan Lendl of .CfeecfitF 
Slovakia, the No 1 seed, begins 
his bid to add .the Wimbledon 
“V* crown to the Frendi Open title 
^ by meeting Leonardo Lavalle 
of Mexico, the 1985 Wimble- 
don junior dampion. 

_ Mats Wilander of Sweden, 
4J - the No 2 seed, fofiows Becker 
17 on to ibe Cenire Coun wito a 
17 potentially 'awkward first- 
g. round match ' against Scott 
g Davis of the. United States, 
22 who readied the last 16 two 
6 years ago. 

5 . This year’s - Wimbledon 
® marks. 100 yens of Wuroa- 
% ment play. 

24. .Photograph, page 5 

” •• Spectrno, p^e 14 

Rex- Bellamy, page 46 

The CBI’s latest monthly 
survey, covering more than 

prices.. These are toe best 
results for 19 years. 

Mr David Wigelesworth. 
chaintian of the CBrs eco- 
nomic situation committee, 
said; “We must gel pay settle- 
ments down in line with 
inflation and bring labour 

I 700 firms, shows that only 

Most, 76 per cent, wifi leave our m ^ or *»rapratore. 
prices unchanged, while 9 per Bright prospects, page 25 

win a second terra with an 
absolute majority in yes- 
terday’s general election, ac- 
cording to two exit poll 
projections announced direct- 
ly after toe polling stations 
closed by toe stale-ran televi- 
sion and toe leading commer- 
cial radio. 

The Socialists were forecast 
by television to obtain 189 
seats, 12 seats more than 
required fora majority, and by 
toe radio to get between 187 
and 193 seats. 

Both polls showed the right- 
wing Opposition led by Sefior 
Manuel Fraga dropping back 
and Senor Adolfo Suarez 
emerging as the third party 
with between 12 and 19 seats. 

After voting earlier yester- 

Bright prospects, page 25 i day in Seville, Senor Alfonso 

paign manager, said he merely 
looked forward to the party 
securing a “sufficient major- 
ity" to enable it to govern in 
Spain’s 350-seat Parliament. 

• Players upset: Spain's 
World Cup footballers who 
played Belgium in the quarter 
final in Mexico last night were 
angry because their votes did 
not arrive in time to qualify, 
El Pais said (AFP reports). 

• Sicily polh A slightly higher 
turnout than usual was report- 
ed for regional elections in 
Sicily yesterday which could 
have important repercussions 
for Italy's five-party coalition 
government (Our Foreign 
Staff writes). The result is 
expected today. 

Photograph, page S 

Most crops late after a dismal spring 

’ By John Young ■ 
Agriculture Correspondent 

Almost an Britain's crops, 
from wheat and barley to fiint 
and vegetables, are op to a 
month late as a result of the 
prolonged cold wet spring^he 
first of this year's crop surveys 

• Already die recent warm 
sunny weather seats to have 
made a big difference to their 
growth and appearance, and 
farmers toe- in - a generally 
happier frame of mind than 
they were a month ago. There 
are also indications that tbe 

UIM Vi Ul» 1HI 3 UW|I 3IU TCJO . I . . . 

compiled by The Tuns shows. * 

In afl areas, except the West 
Country, assessments of their 
general condition are lower 
than they were at the same 
time last year. , 

However, last year’s harvest 
was a promising one,. until t£e 
summer rains flattened and 
swamped the fields. By the 
same token, a good summer 
from now onwards, could effect 
a transformation m crops. 

beneficial influence m reduc- 
ing tbe inddence of disease. 

A reader fa Northumber- 
land writes that, fa more than 
30 years of fanning, he has 
never seen crops so backward 
as they were at the beginning 
of April, bat since then there 
has been a transformation. 

“On. toe. whole, most crops 
took reasonably well consider- 
ing the poor start last autumn 

and the severe winter and cold 
spring,” a Bedfordshire corre- 
spondent writes. Plant num- 
bers are' relatively low, be 
says, but this could mean 
better quality grain. 

“Clean crops at present 
thanks to vigilant spraying," a 
Humberside reader reports. 
But he adds although there is 
ample moisture fa the soil, 
shallow rooting amid cause 

problems in toe event of a 

A particularly optimistic as- 
sessment comes from a Lin- 
colnshire farmer, who reports 
remarkably quick' growth fa 
the last two or three weeks. 
“Nature’s powers of compen- 
sation are such that a near full 

recovery looks possible,” he 


Winter wheat, generally re- 
garded as the easiest crop to 
grow, hot unfortunately toe 
one in greatest excess, once 
again seems to have performed 
better than anything else. In 
most areas winter barley is 
also out in ear. 

Oilseed rape has once again 
presented difficulties. Flower- 
ing has been uneven, with 
extensive bare patches, and 
reports from Kent, Northamp- 
tonshire and Oxfordshire say 
that many Helds were 
ploughed out in tbe spring. 

After a slow start early 
potatoes are reported to be 
Continued on page 5, col 1 

ball past Peter Shilton, the 
England goalkeeper. 

Bnt there was no disputing 
his second four minutes later. 
A solo run and shot gave toe 
Argentinian one of the finest 
goals of the 24-nation 

Bobby Robson, toe England 
manager, said after toe game: 
“We were beaten by one goal 
that was dubious and another 
that was a miracle." 

Both teams had been consis- 
tently defensive in toe first 
half with England only having 
one serious attempt when 
Peter Beardsley, of Newcastle 
United, shot into the side- 

Terry Fenwick, the QPR 
defender, was booked in the 
first half for a late tackle on 
Maradona, who is frequently 
described as toe world's finest 

There was one policeman 
for every seven spectators 
watching the match, a reflec- 
tion of the Mexican 
authorities' concern that a re- 
awakening of passions over 
toe Falklands conflict might 
lead to violent disorder among 
rival fans. Banners with politi- 
cal slogans were banned from 
tbe ground. 

A total of 15,000 police, 
some in plain clothes, some in 
riot gear, plus about 5,000 
army troops had been on duty 
in and outside the 114,000 
capacity stadium with orders 
to pounce on any of toe 3.000 
English or 5,000 Argentine 
fens giving the slightest sign of 
provocative behaviour either 
during or after toe game. 

Their task had been made 
more difficult because toe fans 
had not been officially segre- 
gated at different ends of toe 
stadium as is customary in 
European matches and in the 
Football League. There were 
no reported arrests before the 

lowed to travel to Mexico, no 

Anne Sofer 16 

Simon Barnes 46 

World Cup reports 48 

such effort was apparently 
carried out by the Argentine 

But toe Argentine Justice 
Minister was reported in Mex- 
ico as saying be would seek a 
thorough investigation into 
how a group of Argentinian 
feus, the "Barras Bravos", 
who have a well documented 
record of violence at Argen- 
tine football matches, were 
able to finance their World 
Clip trip. The Argentine press 
has said that toe money was 
provided by the Argentine 
Football Association and by 
such dubs as Boca Juniors. 

The “Barras Bravos" were 
in the centre of violence which 
last year led to three deaths 
and scores of injured in 
Argentine's domestic match- 
es. It was they who, during toe 
Argenuna-Bulgaria matches 
12 days ago, burnt a Union 
Jack and spent much of toe 
game chanting “We are going 
to kill the English." 

It was they, too, who in all 
the Argentina matches up to 
yesterday's game, had carried 
banners proclaiming the old 
Falklands conflict slogan “Las 
Malvinas son Aigentinas" 
(The Falklands are 

Their leader, Jose Barrita, 
alias “El Abuelo” (The Grand- 
father), was at yesterday’s 
match. A supporter of Boca 
Juniors, he lolled a fen of 
Racing Gub by sending a 
firework into the section of the 
crowd occupied by rival spec- 
tators. The Buenos Aires court 
freed him for lack of evidence 
that the killing had been 

100 arrested in clash 

Monterrey (AFP) — Trouble 
broke out between Mexican 
and West German supporters 
after Mexico’s elimination 
from tbe World Cup on 

Police made about 100 ar- 
rests, including 15 Germans, 
after tbe trouble started at an 
hotel fa the city centre where 
German fans were staying. 

About 150 Mexicans, angry 

after their side had lost on 
penalties when tbe quarter- 
final ended goalless, tried to 
get into tbe hotel and toe 
Germans bombarded them 
with beer bottles and other 

Eighty policemen were 
needed to restore order and 
about 20 people were injured. 
Considerable damage was 
caused at tbe hoteL 


^ far Homeowner loans 

3(0792) 464815 or (0222)462992 

' • anytime, including evenings and weekends 





Fti# 1 

► A. 7 ^ ^ <! 



120 GO 36 
mths tilths mths mths 

3-52 338 5.71 &21 

8-80 9.95 1427 20-52 

1056 11.94 17.13 

5.000 17.11 19-47 28.18 40.68 I 

7,500 254>6 29 2A &Z7 614)2 1 

10.000 34.22 3834 I 56-36 8136 

£1000 1 36 months = £3 5. 56p.m. Total cast £1230,16 APB 
1 36 months “ £176^8pjn. Total cast £6346.08 APR 17.4V 

• NO tees or charges • Nn „ n ,~ 

Employment Enquiries • Immediate WUllM ro lu Rt-rAY 
decision • Free hie cover • Use lor FOR 4 mums?.. I 

r** ,0f ^ of “urae we have 

Emptoyedrweded • All leans seemed »hk farilitui 

with monthly instalments at . wi'S Facility* 

competitive variable inters) rales. Ask lor plan no.7 

• Home visits any time $ pleasure. APR 18.8% 

Telephone NOW or forward coupon for immediate personal quotation. 

To WTBt CITY nNANCe LTtt, 166, Newport Road, Cards. 

Tel N° ; Amount Required £ 

Value of Property £ 

Mge Outstanding 

Monthly Mge£ 


Members of ih* Corporator 

— : .; • d» Finance fifoker* 

L i censed lender* jnH' brewers . wr.ticn jvin;ab. : e ’ 

A, I loans sect; ted on propery/.' 


Barristers back single 
governing body 
that keeps judges out 

Bv Frances Gibb. Legal Affairs Correspondent 

Barristers have overwhelm- 
ing!} voted for a radical 
reform of their constitution, 
including a new single govern- 
ing body more accountable to 
the profession's rank and tile 
and more ready to champion 
their needs. 

At an extraordinary general 
meeting in London on Satur- 
day 3CW barristers voted in 
favour of the creation of a new 
governing body which shifts 
power to the ranks of the 
profession and from which for 
the first time judges will be 

The new 93-member body 
which will replace the existing 
Bar Council and the Senate of 
the Inns of Court was recom- 
mended recently by a commit- 
tee of judges and barristers 
under Lofd Rawlinson of 
Ewell. QC. former attorney 

It will be more democratic, 
more representative of the 
young and provincial Bar and 

more responsive to the 
profession's needs in the face 
of challenges such as those 
from solicitors on rights Of 
audience. Without the pres- 
ence of judges, who support 
the proposals- the governing 
body will be freer to tackle the 
Government over such issues 
3s Ieg3l aid fees, it is felL 

The proposals, to come into 
force on January [ next year, 
will end an uneasy power- 
sharing between the Bar 
Council and the four Inns of 
Court run by judges and 
barristers elected as benchers. 

At the same meeting, banis- 
ters voted overwhelmingly for 
an expanded and strengthened 
secretariat as proposed by 
Coopers and Lybrand. man- 
agement consultants: and also 
in principle for compulsory 
subscriptions to the new body, 
to be called the General 
Council of the Bar. 

Subscriptions until now 
ha\e been voluntary but a 

considerable rise in income, 
possibly by about 86 per cent, 
is needed to put the proposals 
for a strengthend secretarial 
into force. 

There is. however, to be a 
ballot of the whole profession 
on the issue of compulsory 

Yesterday Mr Robert Alex- 
ander. QC Bar chairman, said 
that the meeting demonstrat- 
ed both the profession's unity 
and its determination to en- 
sure that its professional body 
was “strong enough to give a 
full service to the profession 
and to meeting the expecta- 
tions of the public”. 

The Rawlinson report high- 
lighted dissatisfaction with the 
present machinery of govern- 
ment at the Bar and concluded 
there was an urgent need for 
change. A new body was 
recommended which would 
adopt a more trades-union- 
like role on behalf of its 

needed for 

By Onr Legal Affairs 


The creation of a sentencing 
commission under the Lord 
Chief Justice backed by a 
network of regional sentenc- 
ing advisory committees is 
called for by the Justices' 
Clerks Society today to im- 
prove consistency in 
magistrates' sentencing. 

The two-branch proposal 
for reform is pul forward by 
the society of 350 chief legal 
advisers to magistrates to the 
Home Office in response to 
the criminal justice White 

Much more needs to be 
done, the society says, to 
encourage “greater consisten- 
cy of approach to sentencing 
in magistrates' courts” and 
more guidance on sentencing 
needs to be available to magis- 
trates and their clerks. 

Concern over the level of 
sentencing has led to a govern- 
ment proposal to strengthen 
the role of the Judicial Studies 

Crown prosecutions 

Pay wrangle hampers new service 

By Our Legal 


The Government's pay pro- 
posals for barristers hired to 
do work for the new crown 
prosecution service has led to 
delays and inefficiency in 
some of the former metropoli- 
tan areas where the service has 
been running for nearly three 

The biggest unheaval in the 
criminal justice system for 
decades, the service is inevita- 
bly having teething troubes. 
But these have been made 
worse by wrangling over new 
levels of pay. 

Under the new service re- 
sponsibility for prosecutions 
has been taken from the police 
and placed with a team of 
salaried state prosecutors. But 
a shortfall in recruitment 
means that outside barristers 
and solicitors are needed to 
help with about 1 5 per cent of 
the prosecutions work load. 

Barristers, however, are ob- 
jecting to new fee levels 
offered by the Government of 
£60 and £85 for a half or whole 
day in the magistrates' court. 

As a result, some of the 
lawyers doing the work are the 
most inexperienced, accord- 

ing to Mr Norman Draper, 
deputy clerk to Wirral justices. 

Not only were young inex- 
perienced lawyers employed 
by the service itself, he said, 
but those recruited from the 
profession to act as agents 
tended also to be (he youngest, 
and often bad just completed 
their pupilage. 

They were unable to cope 
with being handed case files 
minutes before a court hear- 
ing. which under the old 
system experienced prosecut- 
ing lawyers handled. 

“It seems very much pot 
luck." he said. “We get whoev- 
er is not already appointed to 
another case in chambers that 
day. and inevitably those are 
the most junior.” 

One effect was delays in 
court hearings: as a result both 
of inexperience wiihiD and 
outside the service, papers 
were being mislaid or sent to 
the wrong court, and cases 
themselves were taking longer 
to process. 

Some prosecutors are get- 
ting round the difficulty by- 
using solicitors instead, whom 
the Government has agreed to 
pay £250 a day in magistrates' 

Mr Richard Otiey. chief 

crown prosecutor for West 
Yorkshire, said that be used 
the outside lawyers to a con- 
siderable extent, perhaps 30 to 
35 per cent of all work. 

But there had been no 
difficulty because his policy 
had been to go for mature and 
experienced lawyers aged 35 
or more who were all solici- 
tors, because the bar was not 
available to do ibe work, be 
said. He suspected that senior 
barristers would not do the 
work for the present rates of 

On top of those problems, 
the new service, to be extend- 
ed to London and the rest of 
the country on October 1. has 
had other difficulties. For 
police, courts and lawyers, it 
has been a huge change and in 
some places has involved the 
physical unheaval of prosecut- 
ing departments moving out 
of police stations to new 
separate buildings. 

Mr David Gandy, head of 
field management for the new 
sen-ice, said: “Inevitably with 
a new system many people are 
apprehensive. Nobody likes 
change. But it is bedding down 
in a way that, given time, will 
lead us to the same sort of 
efficiency as we had before.” 

Mr Roger Seymour, clerk to 
the Wolverhampton justices, 
in the West Midlands area, 
says there is also a national 
problem causing friction be- 
tween courts and police about 
minor motoring cases which 
are still intended to be dealt 
with by police. 

There are also signs, howev- 
er, that the new service is 
starting to work as intended. 
One aim was that it should 
filter out weak cases. At first 
sight, Mr Seymour says, there 
seems to be a big increase in 
the number of prosecutions 
being discontinued. 

The real test for the service 
will be October 1. when it is 
extended nationally and, in 
particular, to London where 
by tradition police have had a 
much bigger part in court 

A gradual changeover is 
under way with the service 
taking over prosecutions at 
Bow Street and Kingston, and 
with plans for a gradual spread 
to other courts. Police in 
London will lose an estimated 
£5 million in court overtime 
work, but at the same time 
they will be freed to do other 
work, so the system as a 
whole should benefit 

The women's slalom event beading for the finish at the ninth annual concrete canoe races at Thorpe Park,Chertsey, Surrey, 
held by the Concrete Society yesterday. Some competitors came from The Netherlands (Photograph: Peter Trievnor). 

Test case 
for wives 
caring for 

Thousands of married 
women in Britain looking 
after disabled relatives will 
qualify for millions of pounds 
in social security payments if 
Mrs Jackie Drake wins a test 
case in the European Court of 
Justice this week. 

The bill for the Govern- 
ment could rocket from about 
£1 1 million a year for invalid 
care to at least £85 million a 
year if the Luxembourg judges 
back her claim to the £23-a- 
week allowance at present 
paid only to single women or 

The court will announce 
tomorrow whether it agrees 
that the restriction is a breach 
Mrs Drake, aged 42, of 
Worsley, Greater Manchester, 
has won every stage in her 
campaign so far, including the 
backing of the European 
Court's advocate-general, 
whose advisory finding is 
usually followed. 

An estimated 1 10.000 mar- 
ried women will lodge claims 
with the Department of 
Health and Social Security if 
Mrs Drake clears the final 

The DHS5 claims that Mrs 
Drake is entitled only to an 
attendance allowance for 
looking after her mother. 



It is amazing to think that the year 2000 is only 24 years 
away; Who can imagine what it holds instore? 

One thing is certain — if you lake advantage of Sun Alliance^ 
Moneymaker 2000 savings plan — you could hare a nice fat 
cheque nailing for you. The sum could be £10,000, £15,000, 
even more than £20,000. Paid free of all personal raxes. 


Moneymaker 2000 is open to everyone between 18 and 75 who 
can save a few pounds a month. It is designed to give you two 
major benefits. First, the prospect of a handsome payout in the 
year 2000... enough for you to make the most out of the next 
century — whatever it bolds in seme. Pius the vital protection 
of life insurance cover for the next 14 years. And whether we 
pay out on death or after 14 years, current legislation allows 
us to pay the sura free of ALL personal raxes. 


Left say you’re a 35-year-old man saving £50 a month. You 
could have accumulated a C20U000" nest egg by ibe year 3XXL 
Just teB us oo the coupon how much you wish to save 
(between CIO and £100 a month) and well send you a FREE 
ftttonal Qfusoatkn of just how much you cou/d receive. 


YonH welcome the special 'cash maximising' feature of 

£1 Coin Holder 
when yon apply. 
Senr ra pm — without 
oMigaban — with your tree 
Pmoml KhnOTtitw. 


Carriage Clock when you enroL 
Ws send you this elegant brass Carnap: 
Clock absolutely free when you enrol. 

• Moneymaker 2000. Irtotznrs a high cash payour far 
those in the older age groups. And unlike many insurance 
plans, it gives you life cover right from the very outset. 


• Ybnr money is in the safe and capable hands of our 
investment team, cunently handling assets in excess of 

• If you lose your sight or the use of a limb through a serious 
accident any time before your 70th birthday vre will pay 
die remai n i n g premiums for you. 

• After 2 years your policy can be surrendered for cash, 

al though this value will be kjw in the earfy years. An afrcrn- 
anve is to apply fear a loan secured by your policy. (Full 
written details oo request). This gives you immediate cadi. 
And you can soil look forward to a final lump sum. 


WrU send you a FREE ftrsonal Illustration and a specimen 
policy to examine at your leisure for 15 days. There is oo 
obligation. No salesman will call. And there is normally no 
need for a medical exa m ina ti on, either. 

During the special offer period, if you are under 76 and can 
truthfully answer ‘NO’ to the four simple questions on the 
coupon, we guarantee to accept your proposal If you happen 
to answer YES' to any question, don't worry — send details 
anyway. You may still be accepted. 

VFe ask only that you state fads likdy to influence the 
assessment and acceptance of your proposal. If you are in 
doubt as to whether any detail is relevant, you should disclose 
it- Otherwise your benefits could be affected. 

Apply today. It will put the year 2000 in a decidedly rosy light- 

U there b anything further yon mil to know (boot ibe plan our Ena 
•re open each weekday evening until 8 o'clock. Experienced aaff »ifl be 
happv to bdp. JnstcaD a we 

HORSHAM ( 0403)59009 

Start saving now and you could 
have more than £20,000 in your pocket 


■The Maturity Value* show whar your policy would be worth if current Bonus level* anomie. Annual 
Bonisa are currently 3.75% of the Guaranteed Sum Assured and 75% of easting Bonuses. Our current 
Capital Boo us rate Is 1(W% of die Guaranteed Sum Assured. Remember, as Bonuses arc paid from furore 
profits these rate* cannot be guaranteed. 









at 100t 













































8.2 TO 














































7,654 . 

















































7 jm 






} Please send me ■ FREE Per so na l IBust i atio n. 

| I ondentaadtbai there is No obUgatton and No Salesman wDIadL 

i L Sornamc. 


Fora m na ra hiTO. 

A.<4r-— - 

— Pusfu*Je_ 

- —f — jZ — — — Name of Broker/ Asmt, J *ny_ 


2. Tick the amount you wteb to invest each month; ' 

□ £ 100 (mu) □ £75 Diso □ £30 0 x 20 □ J £ 10 <«nto> J 

a. A n s w er -YES" or -NCT to each qpmoiitiriqw: I 

I jfjrwjre uni ter rsindmtiwhhifly awr-NO'wdte'l qogtiaiu.ytti ait awwawed to btanaMdoiihim 1 

I turnjetooeiieiooer oeCiCjl weisuunn. I ! ywj answer "YES' to ury question, pi care itndi You may nfll * 

u) tire IQU uy nasonipbcfccvtvBU “ (c) Do you pimopat m my hazardous occupation I? JJ? j 

rroamgeodbokh' □□ wjcwnyfiuchjjpnvwwwtewd^^ OO 

ndmngp 1 

nn Ml Haiapropoal on yourhfc bceadedaed. __ I 

Rami wtahm the lati nwbe UU postponed. or accepted on sped*! terns by say □□ i 

I laconra, any tsedxal ouneolf ht> mn««n. ,.n» r , ,a | 

| Avsitofc ealy io person* roxiinj in the Uuaed Kingdan. t^pOBthbcwpoobi^ofiHeta«s.Noa«np j 

j Th* abased upon it* Company's nndenUDilnfoI areqvmwlSend rt » Son Affiance MM2000Dept,j 

I rerrem law mad FREEPOST, Horsham, W. Susses RTOIZ/L^ 

Oil slump upsets 
Saudi arms deal 

By Rodney Cowton, Defence Correspondent 

The Ministry of Defence 
hopes to complete negotiations 
wi thin the next two months of 
a financial package to get 
round the effect of the collapse 
of oil prices on Britain's £5 
billion arms sates deals with 
Saudi Arabia. 

Under these agreements, on 
which a memorandum of un- 
derstanding was signed last 
autumn, Saudi Arabia will buy 
72 Tornado combat aircraft, as 

well as other trainer aircraft 
and weapons. 

A large part of the price is to 
be paid in oft, but because of 
the fall in the value of oil much 
more w31 be needed than had 
originally been planned. 

There had in any case 
always been a problem in the 
early phases of the agreement 
of keeping payments in step 
with a high rate of deliveries of 
aircraft and other equipment, 
and this has been made more 
difficult by the oO slump. 

Bat Ministry of Defence 
sources said yesterday they 
were confident that these 
problems could be overcome. 

It b understood that when 
Mr George Younger. Secre- 
tary of State for Defence, 
visited Saudi Arabia last May, 
the Sand is made dear their 
determination to go through 
with the deal. 

So far six Tornadoes have 
been delivered, and about £500 
million has been received in oil 
and cash payments. 

It b understood the Govern- 
ment b hoping that negotia- 
tions on new financing 
arrangements can be complet- 
ed in August. They seem fikely 
to involve a substantial in- 
crease in the volume of oiL 
although this will not neces- 
sarily be channelled through 
Britain, and also probably 
some form of financing ar- 
rangement through the Saudi 
Arabian banks. 



OVm Joi UTCKtjk Laa4«n ft»maccCe.Lid. 

— Lm. Lflcdaa ECZN 2AB. Rig in Esjbtd MH) 



uwo«JVJB*nJOrwogcx Aa>ci»>wcr 


on ‘slums’ 

By Richard Evans 

Political Correspondent 

Mr Geoffrey Panie,the min- 
ister who said council housing 
bred slums, delinquency, van- 
dalism and waste, staged a 
diplomatic retreat yesterday. 

The dimbdown by the Min- 
ister for Information Technol- 
ogy comes after hostile 
criticism from his own con- 
stituents, Conservative as well 
as Opposition MPs. and an 
implied rebuke from the 
Prime Minister. 

In an open letter to his 
constituents, he said: “I un- 
derstand from you that some 
council tenants in my constit- 
uency were offended by the 
reports they read of my 

“You have also told me that 
some others did not under- 
stand that 1 was not in my 
speech referring to the tenants 
of coundl housing, nor was I 
suggesting that all council 
properties everywhere in the 
country were slums. 

“Such a proposition would 
be manifestly absurd Most 
coundl housing is of a high 
standard and well kepL” 

Beach man 
killed in 
cliff slide 

By A Staff Reporter 

Cliffs along the Cornish 
coast were checked for safety 
yesterday after the death of a 
beachguard in a landslide 
caused by rain. * 

Mr Carl Edwards, aged 22, 
an Australian, was crushed 
when 40 tons of rock and mud 
crashed on to the lifeguard hut 
at To wan beach, Newquay. 

The accident happened af- 
ter violent storms swept the 
West Country and west Wales. 

Coastguards resumed their 
search Tor Steven McLeod, 
aged 16, from Falmouth, who 
may have been swept into the 
sea while fishing from rocks at 
Porthkems on Friday. He is 
believed to have been with Mr 
Charles Wickham, a$ed 51. a 
shop manager, who died in the 

The body of a young man 
was recovered by helicopter 
on Saturday night after being 
discovered floating in the 
Solent beside a 20ft shark. 

Police said later that the 
body, which had not been 
interfered with by tire shark, is 
believed to be that of a youth 
aged 16 who disappeared 
while swimming. 

1,0001b bomb defused 

Bomb disposal experts in 
Northern Ireland yesterday 
defused a 1,000 lb bomb In- 
tended to Mow up a patrol 
vehicle after working on the 
device for two days. 

The huge bomb was discov- 
ered at Namwater on the road 
between Newry and 
Warrenpoint in Co Down, and 
only 100 yards from the spot 
where 18 paratroopers were 
killed by tire Provisional IRA 

on tire same day in 1979 that 
Lord Motintbattea of Burma, 
was murdered. 

Terrorists had packed tire 
explosives into fertilizer bags 
which they stacked and hid 
behind a wall at Warrenpoint 
golf dub. The derice would 
have been detonated as a 
patrol vehicle passed.. The 
discovery caused long diver- 
sions for motorists as police 
closed the road. 

13 Britons 
over ferry 

Police were yesterday ques- 
tioning 1 3 young Britons after 
a fracas on board a cross- 
Channel ferry in which a bar 
was wrecked and four French 
crew members were assaulted 
as the ship sailed from Dieppe 
to Newhaven, East Sussex. 

Police met the French- 
owned Chartres when it 
docked on Saturday night and 
21 people were arrested. Eight 
were later released. 

The ferry, which should 
have sailed back immediately, 
left early yesterday. 

soldier dies 

One part-time solder was 
injured and a second died, 
probably from a heart attack, 
after a smoke dispenser ex- 
ploded when men from the 
Territorial Army’s Assault 
Pioneers were preparing an 
assault course for a military 
display at Shirley, Solihull, 
West Midlands. 

Marie Wilson, aged 20, was 
released from hospital after 
wounds were stitched and 
burns on. his. hands .treated. 
The police are trying to trace 
the parents of the dead man. 
aged 23,from Marston Green, 
Birmingham, who are on holi- 
day in Greece. 

More crimes 
cleared up 

The total number of record- 
ed crimes in Scotland. 
462,000. was 2.7 per cent 
fewer than in 1984 and the 
first drop in the crime figures 
since 1978, according to gov- 
ernment figures today. 

Police cleared up a total of 
155.023 crimes in 1985, al- 
most 9.000 more than in the 
previous year. Crimes of vio- 
lence increased by 10 per cent 
last year and chug offences 
rose by 1 5 per cent to 5,100. 

Student hurt 

Miss Tracy Hunt, aged 21 , a 
student, of South wood Ave- 
nue, Coulsdon, Surrey, was 
“still critical but stable" in 
Gwynedd Hospital Bangor, 
north Wales, yesterday after a 
fell on Snowdon during the 
annual Fourteen Peaks event 
in Snowdonia at the weekend. 

Cottage ready 

The National Trust has 
completed £150,000 improve- 
ments at Bridge Cottage, 
Flatford, Suffolk at the heart 
of Constable country where 
250,000 visitors are expected 
this year. 

Business help 

Financial support to help 
blacks set up their own busi- 
nesses is planned by members 
of the Labour-controlled Not- 
tingham city councfl. 

Irish divorce poll 

Result expected to be close 

The Irish Republic's gov- 
ernment has attempted to 
counter the serious threat 
posed to its plan to remove the 
ban ou divorce by its 
opponents' emphasis on the 
pension, social welfare, and 
property rights of a first 

Opponents of divorce have 
run an astute campaign in 
which they have highlighted 
the material problems that 
could result if Thursday’s 
referendum is passed. 

The strategy, combined 
with the Roman Catholic 
Church's concentration on the 
wider effects of divorce for the 
family and society, has forced 
the government and its sup- 
porters on to the defensive 
and has brought predictions 
that the result will be very 

Instead of discussing the 
problems caused by die esti- 
mated 70,000 couples affected 
by marital breakdown and the 
growing number of irregular 
relationships with little pro- 
tection m law. those in favour 
of divorce have had to re- 

By Richard Ford 

spond regularly in complicat- 
ed legal terminology to 
questions about financial pay- 
ments and property rights of 
the first spouse and children. 

This has proved a potent 
lactic in rural Ireland, where 
formers fear wives will walk 
out on them with entitlement 
to compensation and part of 
the form, and where succes- 
sion rights and the fear of 
losing the family's land re- 
main an emotive issue. 

In the rural west, people talk 
of Dublin and the east coast, 
where more than a third of the 
population lives, as if it were 
another world, suggesting that 
it has ditched or forgotten the 
values of Ireland. 

The government acted to 
answer its critics by issuing a 
revised and expanded state- 
ment outlining the pension, 
social welfare and property 
rights to be allocated to the 
first spouse. 

Yesterday, Dr Garret Fitz- 
Gerald sounded angry when 
questioned in an Irish radio 
interview on issues apart from 
divorce itself. 

He said: “All these points 
have been put forward in a 
very misleading way. The 
children of the first family 
retain their succession rights, 
and the wife of the first family 
has a right to compensation. 
Every possible red herring and 
distraction that could confuse 
the issue has been drawn 
across. The issue is the couples 
in their tens of thousands who 
are in extreme misery.” 

The pulpits of the republic 
resounded to the anti-divorce 
message yesterday as priests 
and bishops continued their 
struggle to defeat the referen- 
dum. which would remove the 
constitutional ban on divorce 
and lead the way to-_ the 
introduction of civil divorce 

Tie that sriQ binds, page IS 

■Ortas TM 
Auuna so 


S1.7Si Yugoslavia ran 400, 




4 j 

“>s. ' 

■ :Sv; v 

■ > % t 




38 ! 

ts 13Bri§* 

ll ^ ue stionej 

...... °. ver ferrt 

■ : incident 

,1 *■«<?; 

..••/* ■*« 
- l.'ittr 

- ^iSasai' * 

. :: : i i»c ht. 

- - :t > »TK} 

*f-dl ^ 

i > ar>-time 
soldier dies 


- •: iKuw ■ 
• v , :^- c 


- - rac. 
■ "■•r- 51 

M» »re crime? 
.lured up 

v v:» • 

:- v 

., >‘"f 

. . , “ 

n indent 

si, wines ^ 

Dentists not disclosing 
patients’ payments, 
ministry survey shows 

ni be^ 

By Nicholas Tim m ins, Social Services Correspondent 

Dental charges may be high- of 1 28 per cent between 1975 “There i 
er than necessary because and 1983 in cases where with a sm 
many demists are not dedar- dentists claimed only an ex- tists who h 
ing payments from patients animation fee from the NHS in the forn 
for National Health Service but reported .no other treat- do not bei 
treatment, a confidential sur- menL of anythin* 

vey suggest*. Among patients who are this back o 

The figures from the De- exempt from .charges, where suggests." 
partmeot of Health and Social the NHS- -rather than the The assr 
Security : survey, which the patient would pay the dbntist, hT 

■* British Dental Association is ‘ the increase had been only 8 
Z challenging as “spurious", percent IfiBe gap was due to 
+ suggest that - millions of dentists failing to record treat- 
s’ pounds in NHS income from ments they had in feet earned 

pounds in NHS income from 
dental charges was not being 
declared to the Dental Esti- 
mates Board. 

As - a result NHS charges 
may well be 'set too high, 
because they are pitched at a 
level intended to bring in the 
Government's target for 
charge income to help to pay 
for the dental service. 

Although the dentists are 
entitled to keep, the payments*- 
their failure -tddedare them is 
a breach of their terms and 
conditions of service. 

The tninustty's study was 
carried out after criticism 
from the public accounts com- 
mittee of the' House of 

Among patients, who paid 
charges, there was an increase 

itaire was so seriously flawed 
that we believe the results are 

possible disciplinary case. 

“We are determined to stop 
this abuse," it said. 

BMA joins records rumpus 

By Onr Social Services Correspondent 

‘ The British Medical Asso- 
. cation is to decide this week 
whether it will support pa- 
tients having a legal right to 
see their medical records amid 
signs that doctors' are deeply 
divided over the issue. 

The Department of Health 
win shortly have to decide to 
what extent patients wilt have 
access to computerized records 
held about them under the 
Data Protection Act Doctors 
expect that rules applied to. 
comptUerized records wffl 
even tally affect manual 
records as wed. 

The .department has can- 
vassed three options — no le- 
gal right of access, complete 
freedom to demand to see 
personal medical records, or a 
compromise, which the de- 
partment itself favours. 

The compromise would give 
patients the legal right to see 
their .records. Doctors would 
still be able to withholdriiribr- 

mation that could harm pa- 
tients, bat patients would then 
have the right to ask for a 
second opinion on whether k 
was in then 1 interests, rather 
than the doctor’s, d»t such 
information should be with- 

. The proposals have pro- 
duced widely differing views 
among the British Medical 
Association, although die 
association’s council has al- 
ready told the department it 
backs the middle course. 

Since then toe association's 
hospital consultants' confer- 
ence has opposed any legal 
right of access to records, 
giving a wanting that mental 
patients, children and others 
could be harmed, and the 
medical academics have 
backed (he consultants* view. 

The association's family 
doctors’ committee approved 
qualified access, but last week 
toe amnia! conference of tom- ' 

Covent Garden opts for 
‘surtitte’ translations 

By Norman Lebrecbt 

The Royal Opera House, 
Covent Garden, in a break 
with cosmopolitan tradition, 
is to transmit a simultaneous 
translation with some of its 

Starting in October, audi- 
ences will see selected lines of 
dialogue beamed in English on 
to a I Oft wide screen above the 
stage. The captions, known as 
“sanities", will appear for the 
first time in Leos Janacek’s 

Bernard Haitink, music di- 
. rector-designate, insisted on 
surtitles. to help listeners to 
cope with a language few wil! 
haye mastered. Even those 
devotees who make a fetish of 
following the original libretto 
may find themselves flounder- 
ing with a Slavonic text 

More controversially, how- 
ever, three familiar German 
operas, Der RoscnkavaUer. Ar- 
iadne auf Naxos and The 
Magic Flute, have now been 
earmarked for surtitling and 
Sir John Tooley, general direc- 
tor. wants to use titles with 
every opera in the repertoire. 

To protect the blood pres- 
sure of purists, he proposes 
staging some performances of 
each work with surtitles and 
some without Sir John said: 
“There will be greater enjoy- 
ment if toe public has fuller 
understanding of what is being 
sung. It is a very rare person 

who will have memorized 

The Royal Opera House has 
previously used captions only 
in school matm&s. 

Glyndebourne, the other 
British company to sing all 
operas in the original lan- 
guage, freed an angry response 
when it surtitied a touring 
production in 1984. 

But a poll of last year's 
touring audiences showed that 
82 per cent approved of 
translation, while fewer than 
one in 10 reacted strongly 
against it. Nevertheless, 
surtitles are not yet contem- 
plated at toe Glyndebourne 
Festival itself. 

The practice of providing 
simultaneous translation, of- 
ten a word-for-word relay of 
toe libretto, began in the 
United. States where audi- 
ences, except at the Metropoli- 
tan Opera, New York, are 
presumed to lack linguistic 

Covent Garden wiD use an | 
£18,000 rwo-projecior system 
paid for by the Durrmgton 
Corporation, a commercial 

The prelection equipment 
is housed in what staff rail the 
“old BBC sound box” a 
studio unused for three years 
since opera broadcasts ended 
after an unresolved dispute 
about chorus fees. 

By doctors narrowly over- 
tamed that derision, voting for 
a ban on any legal right of 

The committee, which is not 
formally bound by toe confer- 
ence decision, this week decid- 
ed to ignore it and continue to 
back patients' rights to see 
their records in most cases. 
This derision may cause a 
rumpus at this wedt's annul 
meeting of the association in 

The key motion down for 
debate supports patients bring 
allowed “medically supervised 
access” to personal health 
records. The result wfl] finally 
decide the association's policy. 

Other motions from doctors 
in Yorkshire, Cumbria, 
Worcestershire, Berkshire, 
Cheshire and parts of Scot- 
land vigorously oppose 
patients' having toe right of 
access. The vote may be dose. 

European sale 
of 10 m discs 

By Bill Johnstone 
Technology Correspondent 

The British sales of compact 
disc players will explode in the 
next five years and lead to a 
sales war in toe high street 
where prices will drop by half, 
a study by Euroraonitor has 

if the product is made more 
appealing to the young, Euro- 
pean sales will top 10 million 
units in 1991, about five times 
what they are, the study 
claims. • 

The price war in Britain 
however is already in evi- 
i dence, toe survey says. British 
1 hi-fi purchasers are younger 
, than those in France and West 

Britain, with Sweden, is also 
unusual in having rente! 
schemes for compact disc 
players, available at abont £10 
a month. 

But. the study claims, man- 
ufacturers seem to have mis- 
judged the market among the 
young for CD systems, and 
failed to invest in sufficient 
production facilities. 

Turkey charge 

Four men will appear in 
court today accused of threat- 
ening to poison turkeys on 
supermarket shelves produced 
at Mr Bernard Matthews’s 
Norfolk farm. 

London Underground 

-.''•■<9 - 

Boom is bad for passengers 

By Michael Baily, Transport Editor 

P asse n g ers on London 11 b* the remaining corridors and press back into service pre-war 
iereronad are experiencing lifts. ‘ trains withdrawn from the 

dergronnd are experiencing 

unprecedented disruption as a 
result of booming traffic and a 
record reboBding programme 
at central London stations. . 

Dozens of fifts and escala- 
tors are oat of service while 
modernization work proceeds' 

and passengers ate., being 

forced, to make diversions to 
reach their station or train. 

Long traffic queues are 
b a ldin g op at the busiest 
stations at peak hems as 
passengers are channelled into 

The problem is exacerbated 
by record passenger flows. .. 

Passenger journeys no toe 
Underground last year 
reached a peak at 762 mfltion 
compared with 672 iniQhm the 

trains withdrawn from the 
Bakerioo line last year. 

At toe same time toe pro- 
gramme to modernize nearly 
](H1 stations, aboot half Lon- 
don Underground's total net- 
work, is at Its peak, with 

year before. Tins success is considerable works under way 
pu tting severe pressure on in central London at Oxford 

i 1 Lid. ’ ' DU^Iillnrinw Tn/. 

both trains and stations. 

As a resalt, London Under- 
ground is e xpe c t ed to seek 
go v e r n ment approval for an 
extra £40 million for new 
trains by 1988, and meanwhile 

Bush a 

i Main station naodMimfiM schemes 

ExpsndHunpwateitainfiniBon /■ ? 

p “ wnsion ^v Wtt). 

s.. X BetarSt\ 



Court Rd 

Sorts St' 

. South . 



I Circus I 


Circus, Piccadilly Circus, Tot- 
tenham Court Road, Marble 
Arch, Waterloo, and many 

Biggest disraptioa is at 
Hotoorn and Embankment 
both of which are getting new 
escalators as well as platform 
refurbishment. At tire latter, 
passengers for the Bakerioo 
Line most go via the Northern 
line p latfo rm; and then walk 
nearly 100 yards along toe 
platform because a short-cot 
passage is also dosed. Nor- 
mally an escalator would take 
them straight down. 

“The problem is how to 
keep people moving; so much 
is twite done that it is difficult 
to find alternative rentes," 
London Underground say. 

“We are asking our passen- 
gers to pot op with a lot of 
inconvenience during this 
work," Dr Tony Ridley,. man- 
aging director of toe Under- 
grdimd, says. 1 -• 

“There is dearly a problem 
with a small number of den- 
tists who have not been filling 
in the forms properly. Bui we 
do not believe toe problem is 
of anything like the magnitude 
this back of an envelope study 

The association would co~ 

•oafc*"''vrY. ■ 

Poor and 
‘getting no 



operate m a huger-scale prop- 
erty designed, study that the 
department was proposing for 
toe autumn, he said. ' 

out, tbrir value-would have 
been £13 million at 1982 

prices, the committee said. nfilSSSSS ° f ^ rv ‘ ce - Mr 

The -ministry's survey iit- Watson-James said. 

volved asking more than “ service committee cases 
2.000 patients tf they had been are brought against them that 
charged for any .other treat- wiD be done with our whole- 
meal in ca se s where dentists hearted support. But we just 
had submitted only a claim for do not believe the problem is 
the £3 examination fee; No anything like as large as these 
less than a third of the patients figures suggest. 
said they had been. The Department of Health 

The results, however, are and Soda! Security said where 
being challenged by the British the survey suggested a dentist 
Dental Association. Mr David was regularly not declaring the 
Watson-James, chairman of u^tmenr given and payments 
the General Dental Services received the dentist would be 
Committee, said: “The design referred to the local family 
of the department’s question- practitioner committee for a 

* . v- '-nrt 


■ • • • .■/ 

Prince Andrew, president of toe Royal Aero Club, and Miss Sarah Ferguson watching the end of the DEC Schneider trophy 
air race, the world's longest dosed circuit air event, on the Isle of Wight yesterday (Photograph: Snresh Karadia). 

Attendant Insurance bonuses Tribute for 

injured in beat burglars A l r * ndia 
garage tire victims 

was ii^a^sporiaHmit a^Mount Householders installing nar today, attended by repre- More than a hundred rela- 

Vtawn ^H^^uSShwSSd. anti-barglary devices such as senteoves from toe police, pves of those who perished in 

LondoX fast mSX «?adow locks are to be offered TUC local and central gov- Ihe Air lndia j umbo jel 

suflferimT from ^riow; bora *b«oimte on toeir msurance eminent, commerce and uumr- disaster off toe south coast of 

S33flSI?aS3 premiums m a scheme to be ance, will be a Home Office i re i an d last June are to attend 
G^yr fn fomninc«f today by Mr Doag- report showing that burglars a special ceremony today to 
O^ertomHamShire ^ Us Hori Home Secretary, are deterred if honsehnlders mar k its first anniversary, 
uvenon. nampsmre. dazing a Downing Street semi- take steps to protect their . 

, “He was walking io warns nar on crime prevention. homes. The relatives, man v of them 

toe cashier's office and his _ , „ R .. , _ The research shows fhar in a children, have arrived at Cork 

teck caught fire. We don't yet iffhftw? study ofbl^Smy an estiLted from Canada and India for toe 

know what caused him to are tekmRpart in the scheme, ^ nfths of all cases, put at ceremony, during which a 

burst into flames,” toe police f 900,000 in Engiand and memorial will be unveiled. 

offered m r^torlffor mMoim Wales, were unsuccessful at- The three foreign ministers 
Mr Ruxar Ahmed, of tempts. At least half the or Ireland, India and Canada 

Heath dale Avenue, Houns- p to earn break-ins. attempts failed becanse house- will be among the dignitaries 

low, was working at his One of the research findings holders had installed locks or who will gather at Dunman us 

brother's garage. under discussion at toe semi- other devices. Bay in west Cork tomorrow. 

injured in 
garage fire 

A petrol pump attendant 
was in a special nnit at Mount 
Vernon Hospital. North wood, i 
noth- west London, last night, 
suffering from serious bums 
received after filling a car at 
the Woodlands Garage in 
Overton, Hampshire. 

“He was walking io warns 
ihe cashier's office and his 
back caught fire. We don't yet 
know what caused him to 
burst into flames," toe police 

Mr Ruxar Ahmed, of 
Heath dale Avenue, Houns- 
low, was working at his 
brother's garage. 

Householders installing 
anti-borglary devices such as 
window locks are to be offered 
discounts on their insurance 
premiums in a scheme to be 
announced today by Mr Doug- 
las Hurd. Home Secretary, 
daring a Downing Street semi- 
nar on crime prevention. 

Ten leading British firms 
are taking part in toe scheme, 
in which discounts of between 
5 and IS per cent could be 
offered in return for measures 
which help to curb break-ins. 

One of the research findings 
■nder discussion at toe semi- 

nar today, attended by repre- 
sentatives from toe police, 
TUC, local and central gov- 
ernment, commerce and insur- 
ance, will be a Home Office 
report showing that burglars 
are deterred if honsehnlders 
take steps to protect their 
homes. ! 

The research shows that io a 
study of burglary an estimated 
two fifths of all cases, put at 
900,000 in En gland and 
Wales, were unsuccessful at- 
tempts. At least half the 
attempts failed because house- 
holders had installed locks or 
other devices. 

The number of people strug- 
gling with debt, poverty and 
joblessness is mounting rapid- 
ly and many are not gening 
the advice they need, the 
National Consumer Council 

In a report published today, 
the council calls for a bigger 
network of advice centres 
based in each neighbourhood 
to provide advice and practi- 
cal help on money, social 
security, housing, fueL con- 
sumer questions, employment 
and family matters. 

It also calls for specialized 
services, such as representa- 
tion in courts and tribunals, 
debt negotiation and indepen- 
dent public health inspection. 

Mobile advice centres, per- 
sons who can be contacted in 
each village and telephone 
advice services are recom- 
mended for rural areas which, 
the report says, are served 

In spite of toe best efforts, it 
says, the services provided by 
agencies such as the citizens* 
advice bureaux, law centres 
and money advice centres 
have improved little in the 10 
years since the council first 
criticized them 

“The escalating despair of 
people in debt, the endless 
strain of unemployment and 
job-hunting while struggling 
to make ends meet on a low 
1 income and toe repercussions 
of marriage break-up are prob- 
lems of human misery that 
advice workers are having to 
deal with more and more,' r Mr 
Michael Montague, toe coun- 
cil chairman, said. 

The report recommended 
that there should be a mini- 
mum of one advice worker for 
every 4,000 people, one legal 
and one money advice worker 
for every 12,500 people and 
one consumer advice worker 
and one housing worker for 
every 30.000 people. 



It was February last year when I fell 
over. I’ve got arthritis, you see, and 
its difficult to bend down. I dropped 
a tin of beans and fell trying to pick it up. 
Of course, then I couldn’t get up It was 
just me and the beans, stuck there on 
the floor” 

In Britain, 189,000 old people 
can’t get in and out of bed without 
help. 695,000 can’t cope with stairs. 

• •• ■ -i ,• • ■*.. • 

Except that they were able to 
help further. By wrapping string 

1,056,000 can’t walk without help. One round it to thicken the handle, Eric can now 
household in seven is inhabited by an old hdd a saucepan so he can eat hot food again, 
person living alone. The entire quality of life for millions of 

The consequences of frailty can be old people depends upon simple, practical 

devastating to the old. A five inch kerb- 
stone; turning a key; a patch of uneven 
ground; the ability to manage everyday 
obstacles like these can easily make the 
difference between living at home, or not 

Help the Aged funds Day Hospitals 
where people like Eric can receive the 
individual therapy to give them the ability 
and the confidence to retain their precious 

After treatment to improve balance 
and co-ordination, including practice in 
bending down and picking the ball from 
one bucket to another, he was confident 
enough to go home. 


measures like those the Day Hospital 

In addition Help the Aged supports Day 
Centres, helps fund minibuses, provides 
emergency alarm systems and supports 
hundreds of other projects to combat the 
loneliness, isolation and frailty that so many 
people suffer, just because they’re old 
lb find out more about our work, or 
to send a donation, please write to: 

Help the Aged, Freepost T5A, , 

I St James’s V\felk, \ | r 

London ECIB IBD. 

Help the Aged 






It could cost your company a fortune 
in lost opportunities. 


See the effect a free phone call could 
have on your business. 

Things are definitely looking up for the 
hundreds of companies using a LinkLine number. 

In some instances they’ve seen an increase 
in sales of more than 30%. All thanks to the fact 
that their customers’ calls are now free. 


Your company can profit in other ways 
from the LinkLine experience: Communications 
with your sales force, for example, can be 
dramatically improved with one central number. 

LinkLine offers two codes for you to choose 
from. With the 0800 code your customers’ calls 
are free. While the caller is charged at the local 
rate if you opt for the 0345 code. 

Either way your customer response rate will 
increase and your business will grow. 

If you’d like to join Britain’s more enterprising 
companies and reap the rewards then call 
us free on 0800 373 373 for more information. 





.'Her r ~ 0.WI- ygW— 

__ __ — divorceTiave'Tiaii^^ 

iflr * * * * a. 



District councils resist 
report urging more 
powers for ombudsmen 

* By Hugh Clayton, Environment Correspondent 


v . . ■. 

The Association of District 
Councils yesterday- strongly 
opposed rite extra powers for 
local ombudsmen proposed 
by the Widdfcombe commit- 
tee into the conduct of local 
gove rnm e nt. 

* Mr John Morgan, chairman 
of the Conservative-dominat- 
ed association, said: “We be- 
lieve that the present system is 
qghl and that democracy is 

2 “We believe we should not 
l?ave more burdensome and 
cumbersome procedures. As 
p association we think there 
is too much legislation. We are 
(Jver governed.” 

* The Widdicombe proposals 
came after strong pressure by 
the ombudsmen to obtain 
greater powers of intervention 
to remedy local government 

m aFarimmiigf rafi p n - 

- The most that an ombnds- 
ipan can do ifa council refuses 
to set right an injustice- is to 
\Jrite a report. 

* The Widdicombe commit- 
tee backed suggestions that 
ombudsmen should be able to 
start their own investigations 
instead of having to wait to be 
called in by councillors. 

"The committee also said 
there was evidence of “a very 

Turnout at local 
polls about 40% 

Conncfl elections attract about 
40 per cent of voters, or about 
half as many as parliamentary 
general elections, itccordfrig to 
the Widdicombe inquiry. 

Council election t uroon ts 
rose to parliamentary levels in 
1979, but only because voting 
for conned and general elec- 
tion candidates took place at 
the same time. 

People aged 55 or more were 
found to be almost twice as 
likely to vote in council elec- 
tions titan those aged under 

. Of those who bothered to 
vote, only about half knew tiie 
names of their local councils 
and which parties ran them. 

strong middle-class bias 
among complainants'*. 

The committee cafied for a 
government review of calls for. 
the abolition of the “represen- 
tative bodies”, groups of En- 
glish and W elsh councillors 
formed to comment on the 
work of ombudsmen. 

The bodies have opposed 
many of the extra powers, 
rejected last year by the Gov- 
ernment, which are now in- 

I Most crops late 
\ after wet spring 

Continued from page 1 
looking good, partly due to the 
increasing use of protective 
plastic sheeting. Main crops 
afre also said to be coming on 
well and will appreciate the 
continuing underlying ground 

; A Lancashire man says he 
hgd to resow ranch of his sugar 
beet as a result of wind 
tannage, and from the other 
side of the Pennines a grower 
i| North Yorkshire also' re- 
ports problems with dust Mow- 
ing on light, sandy soils. 
Planting in most areas was 
delayed by wet weatho; but 
germination appears to have 
been generally satisfactory. 

; The practical difficulties of 
st wet spring are typified by a 
farmer in West Wales, who 
rbmaxks that every operation 
bad to be “snatched? when ihe' 
weather permitted. “It was no 
good leaving something until 
the next day." ■ 

First cuts of grass for sflage 
were in many places delayed 
by a month or more, but they 
proved to be very heavy and 
growth has since been very 
good. “Most silage pits have 
bten filled,” says a report from 
Cornwall. “Winter fodder 
should be no problem this 

i In Dumfries and Galloway 
sflage making is now said to be 
in full swing after a late start. 

but a correspondent reports 
that nrilk production in die 
area is running well below 
quota. “A frustrating year to 
date," be writes. Accanting to 
a Scottish colleague further 
north in Strathdyde, some 
dairy formas have been un- 
able to graze their cattle on the 
abnormally wet land or else 
have seat it badly “poached" 
by the animals’ hooves. 

A Warwickshire grower 

disaster for so called alterna- 
tive crops. “1 have grown rape 
ami winter beans for 12 years 
and have never had to replant 
before," he compbuns. 

Alt a' Suffolk coDeagne 
found tint his .field beans had 
come through “remarkably 
well" and mat linseed was 
looking more promising than 
last year. Whiter and spring 
not crops are now “roaring 

From the fruit growing area 
of Worcestershire comes en- 
couraging hews of a late, but 
very promising, strawberry 
crop, while cider orchards 
have blossomed very heavily 
with a good set 
. In the tables below, a rating 
of 100 represents healthy con- 
ditions, foil growth and free- 
dom from injury. Key: W 
(wheat), B (barley), O (ofl- 
seed), P (potatoes), S (sugar 
beet) and G (grass). 

1986: a bitter harvest 



83 80 





89 91 





95 97 


■ 89 



92 69 




. 85 77 

■ . 75 




90 87 





86 86 



83 . • 


87 85 



77 . 


88 87- 





eluded in the Widdicombe 

Mr Morgan, who is Conser- 
vative leader of Test Valley 
District Council. Hampshire, 
said that only a very small 
minority of councils refused to 
abide by the verdicts of local 
ombudsmen and that the pro- 
portion had fallen in recent 

“We believe that democracy 
should rest with the elected 
members of the council. In the 
majority of cases the council 
readily agrees with the. om- 
budsman, and if than has 
been' maladministration it 
compensates the person 

The association, which rep- 
resents more than 300 English 
and Welsh councils, support- 
ed the controversial 
WiddktKDbe plan to bar the 
most senior council officers 
from standing as councillors 
in neighbouring authorities. 

Mr Morgan said: “We know 
of abuses where people have 
been full-time councillors and 
have been paid by councils of 
.the same political persuasion. 

“If you want to serve the 
council. I think you have got 
to deride bow you want to 
serve it Democracy has gotto 
be seen to be done." 

Police act to curb 
boat theft gangs 

By Michael Horsnell 

m f‘ '»■ 

-•*: •• ■*!&*?*' 


wi 'mi 


Miss Amabelle Croft (left), ranked Britain's No^ with her safer, l^onisa, atH nr lingham 

yesterday for an exhibition match cm the ere of Wimbledon (Photograph: Tim Bishop). 

Detecting heart defects in unborn 

Norwegian res ea r chers say g*n$ by recording sound 

they have developed a sophis- Coipnrp ronnri waves beamed into the body. 

Heated ultrasound scanner ca- ljucuw: 1 1 avoiding diagnostic surgery, 

pable of detecting defects in Professor Bjoern Angel sen, 

the hearts ,of unborn infants, detection and medical treat- the research leader, said. 

The scanner, a refinement mem of heart abnormalities. Professor Angelsen said the 
of ultrasound technology, the most common birth device atw greatly improved 
makes a much sharper picture defect pre-operative diagnos i s of in- 

of a foetus, making possible It makes a high-definition temal disorders in adult pa- 
for the first time pre-natal colour picture of internal or- lients. 

Norwegian researchers say 
they have developed a sophis- 
ticated ultrasound scanner ca- 
pable of detecting defects in 
the hearts of unborn infants. 

The scanner, a refinement 
of ultrasound technology, 
makes a much sharper picture 
of a foetus, making possible 
for the first time pre-natal 

detection and medical treat- 
mem of heart abnormalities, 
the most common birth 

It makes a high-definition 
colour picture of internal or- 

Polke forces along the south 
coast are setting up an intelli- 
gence network to combat a 
growth in marine theft which 
last year netted organized 
gangs more than £1 mfltion. 

Contacts with police in 
France, where many stolen 
small craft and equipment are 
taken, are also to be strength- 

At the centre of a police 
operation to reduce theft from 
yachting marinas, which have 
burgeoned in the years of the 
leisure boom, is the 200 miles 
of coastline, including the Isle 
of .Wight, patrolled by Hamp- 
shire police. 

About £500,000 of small 
craft and £480,000 of equip- 
ment, including outdoor mo- 
tors, navigation and electronic 
equipment, and depth sound- 
ers, has been stolen In the past 
12 months from the 10,000 
boats which moor in what is 
the most popular and affluent 
sailing playground in Britain. 

Polk* have launched Oper- 
ation Boatwaich, designed to 
help boat owners to protect 
themselves and their neigh- 
bours in a summer-fang 

The equivalent at sea of a 
neighbourhood watch scheme, 
the operation requests owners 
to organize s pedal watch pa- 
trols and participate in a “log 
book" identity card scheme 
listing serial numbers of their 
equipment to help in the 
recovery of stolen boats and 

A police spokesman sakk 

“There is a large number of 
expensive boats moored along 
our coastline and river estuar- 
ies and all kinds of boats and 
accessories are bang stolen. 
We are asking people to help 
themselves and their neigh- 

The Hampshire police 
launch, Ashburton, is to in- 
crease waterborne serve fl- 
famce. Police in Devon, Dorset 
and Sussex are taking part in 

the intelligence interchange 
aimed at tracking down orga- 
nized gangs of “pirates". 

The multi-million pound flo- 
tilla of small boats along the 
Dorset coast is particularly 
vulnerable at Poole Harbour 
where the police launch. 
Alarm, has been hard pressed 
to control marine theft. 

Nearly £80,000 in property 
has been stolen from the 
harbour so for this year al- 
though of 27 boats stolen 12 
have been recovered. 

Dorset police have updated 
their boatwatch scheme and 
also introduced an identity 

Chief Inspector Michael 
Hooper, Devon and Cornwall 
crime prevention co-ordinator, 
said: “There have been meet- 
ings with harbour masters and 
we are encouraging the co- 
operation of boat owners." 

Police in Devon have set up 
a central monitoring system at 
Exeter for marine theft. This 
year alone about £84,000 of 
boats and equipment has been 
reported stolen. 




12 87 90 - . . J 



5 • 65 - - - ■ 


KENT 9! 

■ 8 

7 - .80 - s 

19 85 -90 - S 

I V r V--: i 1 z 


8 89 -■ - S 




5 63 88 $ 



5 72 55 - .1 



0 ! 



6 90 85 

For the price of twelve lib packets of 
peanuts each week, you could treat 
yourself to one 1,2901b car 

Put another way, buy a new Citroen 
2CV Special during June, July or 
August and its yours for just £19.74* 
a week. - 

What do you get for such precious 
little money? 

Precious little, actually. 

Teething troubles were ironed 

CITROEN 20^“^ 

A Citroen 2CV still meanders from 
A to B with a bare minimum of moving 
parts. (So there’s less to go wrong.) 

And still does so on the bare mini - 
mum of petrol. 



W*w nsrosn-pwi £e»5i 



Z t Aiy 74 EQy AL MONTHIT REPAyMEVT3 OJ £*555 






" ' !!•, PER ANNUM P0J*» APR} £39L32 

'36 mcrthJy repayments of £8555 is eouwatei! to appro*. £19 74 per week. 



(No-one’s ever got a full set of 
tumblers at the pumps with our frugal 
little runabout) 

For details of this and other nutty 
offers dial 100 and ask for Freefone 
Citroen, or write to Freepost Citroen 
at the address below. 

Alternatively, drop in on your 
nearest dealer. 

And hurry. 

It’s not everyday you 
get a chance to shell out 
less for a Citroen 2CV. 

' .Li, , ,, -M:?: ?Vi, 1 *! ,'!>! JT 





Professors seek £100m on 
to halt the decline rnimtv in 

in British research 

county in 

The decline in British sci- 
ence may now be irreversible 
because Britain had lost the 
lead in many areas of research 
fbrever, a group of eminent 
professors have said. 

The Save British Science 
organization, in evidence go- 
ing to a House of Loras' 
committee this week, has de- 
scribed "the crisis" hieing 
scientific research because of 
lack of money and the escalat- 
ing “brain drain" of the 
country’s best scientists. 

It urges the Government to 
give £100 million emergency 
help to restore confidence 
before more areas of vital 
research go abroad. 

Since it was launched with 
an advertisement in The 
Times thousands of scientists 

By Sheila Gunn, Political Staff 

and many vice-chancellors 
and presidents of learned 

"While the scale of the 
response has justified our 
original initiative, it has left us 
more concerned.'* the group 

It quotes numerous exam- 
ples of British-born scientists 
who had “voted with their 
feet" and gone to the United 
States and other European 

“A country which falls be- 
hind will lose its best scien- 
tists. will be discounted as a 
worthwhile collaborator in in- 
ternational projects; its young 
scientists will not be trained in 
the latest methods of science, 
and its industry will be unable 
to compete with those of other 

Government's policy of sup- 
porting research only when 
there were “perceived eco- 
nomic benefits". 

“We will not comment here 
on the lack of wisdom in such 
a narrowly short-sighted view 
of its responsibilities for basic 
and long-term research, but 
instead consider whether the 
Government's practice of re- 
ducing the resources it makes 
available for civil research is 
having the desired effect of 
strengthening support for re- 
search with economic poten- 
tial. On the experience of our 
correspondents, it is not." 

have joined the Save British coimmes investing . 

Science campaign. It now has 
the support of more than 100 
fellows of the Royal Society, 
including 11 Nobel laureates 

Britain had now lost the 
best of its scientists in the 30- 
45 age group in some subjects. 
The group was critical of the 

The group has passed on to 
the Lords’ committee the 
experiences of many scien- 
tists. For example, the depart- 
ment of zoology at Edinburgh 
University, reported a 50 per 
cem drop in research staff and 
no staff remained under the 
age of 35. 

Bumper BBC coverage of Games 

The BBC will mount its 
biggest outside broadcast next 
month to bring coverage of the 
Commonwealth Games in Ed- 
inburgh to nearly one billion 
people around the world. 

The operation has cost 
£14 million and will provide 
about 120 hours of television 

and 100 hours of radio for 
athletics devotees in Britain. 

The BBC will be providing 
coverage and facilities to 60 

The facilities include seven 
television studios and 1 1 radio 
studios linked by 40 miles of 
cable and 700 circuits. 

Mr "This is the first time 
we have acted as a host 
broadcaster," Mr Brendan 
SI am in, BBC project director 
for the games, said. 

For the purpose the corpo- 
ration will be taking 1,000 
broadcasters to Edinburgh to 
provide 450 hours of coverage 

By Craig Seton 

Hippies arrested during die 
police operation to protect 
Stonehenge over the weekend 
appeared yesterday to have 
obeyed bail conditions im- 
posed by magistrates that they 
shoo Id leave Wiltshire. 

Two bundled and ten mem- 
bers of a hippie convoy were 
arrested on Friday after they 
were evicted from a farmer's 
land and refused to disperse in 
smaller groups. 

When the first of diem 
appeared before courts in 
Salisbury and Swindon on 
Saturday magistra tes said 
they would be granted bail on 
condition that they left die 
county by midnight. 

Yesterday Wiltshire police 
said: “There have been no 
arrests for breaches of bail 

The ancient monument was 
dosed to the public from 
Friday morning. About fifty 
members of the Secular Order 
of Druids and nearly 200 
other people were allowed on 
to the road alongside Stone- 
henge at dawn on Saturday to 
take part in a summer solstice 

• The Glastonbury festival in 
Somerset, Europe's biggest 
open air pop festival, wul be 
scrapped next year, because it 
is too popular. Police estimate 
that up to 100,000 people 
massed at the site yesterday, 
breaking all crowd limits and 
causing traffic chaos. 

House prices I 

the boom picture 

notably in areas ofhigh unem- 
ployment, there are h ome 
owners who know nothing 
about the present housing 
boom. For them there i s fitly 
fame of making a large profit 
hv selling thor bouse. 
they are doing well if their 
! bouse value rises by as much 
as general inflation. 

• Elsewhere there are those 
who have never known it so 
good, as the latest Halifax 
.house price survey shows. 
Between May and June, the 
annual increase jumped from 
10 percent to 11 per cent, with 
house price inflation ru nning 
at more than three tune the 

retail price inflation. . 


than a year ago, raa roe to £220000. 

average price paid by first- ^ . 

time buyers of £27,770, 102 
per cent up, there are dearly 
areas where the increase is 
greater ■and where other re- 

in Tacbbrook Street, amm- 
soneoe with two-bedrooms 
and two reception rooms went 
from £95.000 last July to 

gions can T P?n g ff * little more £142,000 in May, a nd t w - 
than 3 or 4 per cent increases. bedrocraflatm_Ca^^ 

In the Royal Institution of Street mcreasedfrom £52j000 
Chartered Surveyors’ June in February 1985 to £63,500 m 

survey, Bryon and Granger, of January 1986, aadr-nm 
Yoric, report buyers bidding remodefied - to £79.000 in- 

Face painting yesterday at the Pflton festival, the future of 
which is in the balance because of crowd restrictions. 

Your savings are precious and our Gold Deposit Account 
treats them that way. You get the same high level of in- 
terest on all sums over £2,000. So, if you thought there 
was no point investing with a high street bank unless you 
had tens of thousands, think again. 

prices up by as much as 20 per 
cent because of the shortage of 
good p ro perty. In Derby, 
Richardson -and LinncH de- 
scribe the market as 
"buoyant" but say that prices 
seem likely to remain in fine 
with or slightly above the rale 
of inflation. . 

Tbe.main boom is in Lon- 


SaviHs* buyers guide shows 
that one would expect to pay 
£100.000 for a one-bedroom 
flat in Chelsea, Kensington or 
Holland Park compared with 
£8 O t 00G a year ago, £285.000 
for an average three-bed cot- 
tage mOtdsea compared with 
£250,000 a year ago, and 

don and the South-east where £425.000 for an average 3/4- 
according to the Halifax, bedroom hourem Kensington 

prices in greater London are 
more than 20 per cent higher 
than a year ago, with an 
average of £59,400, and 16.1 
per cent higher in the South- 
east with an average of 

London are or Chelsea compared with 
-cent higher £325,000 — a 30 per cent 
o, with as increase. 

M VP*x end of the 
i the South- market, Victoria MitchdL of 
average or Savifis, w piyiny thy th^ sus- 
tained increase over the past 

In the prosperous Surrey four years has been due to the 
commuter belt, Mann and influx of overseas buyers be- 

.• ‘ ■■■ V \ TV -i- .-V 


S >.\y * 

: -Jr 'V*?' 

'.o' s> 


• . *♦" 


Company illustrates the in- 
creases with specific exam- 
ples. In Ashley Park Road, 
Walion-on-Thamcs, a five- 
bedroom. 1930s Tudor-style 

cause of the apparent social 
stability of the UK and the 
weak pound of 1984-85. 
GeneraHy, the late start to 

affs Win S®® ^ 

v& <! * <r< 

>, ^ V'.l‘ 

i ppa M 

Another point to look out for is quarterly SSlroom ElmbShan 
interest payments instead of six monthly Holmwood, near Doridhg. has “ore obvious. - 

or annuaL As well as being able to see your ^£43^0^ inreratSSSi 

savings build up, you get interest ^ Down the scale to the i! * 9 amber : of institutions 

on the interest. Interested? 





- • •• 

1 ' r 

w-f • 


• ' s:k -•MU.' . 

Other people will tell you that you can only get a good interest rate 
by tying your money down. 30 days, 90 days or even longer. The Gold 
Deposit Account gives you that high interest but with instant access and 

' — Ta ~ : nt taken? 


A 6 \ 'I V 


*-'v % N 


, k '; w ! \/’v '/ »' V 

■ A'. K. . 

, x . \ N \ \ — 

/ ' A } i > ! 

Goldsworth -Park estate : at 
Woking, a two-bedroom 
house' last year valiied at 
£39250 is now fin- sale ' at 
£47,950, while a three-hed- 
rooxn semi has increased from 
£48,950 to £58,950, and a 

wanting to lend money has 
acceferated-'-;tte. merry-go- 
nnsxL and with sabries con- 
tinuing to mxtstrip inflation, 
buyers are still trying to jump 
on. ft contt be dangerous. 

Tomorrow: Cm the boom last? 


Dealer’s £1.7 million 
gamble on Mantegna 

^y Geraldine Norman, Sale Room Correspondent 

is hard to beat, especially 
when you consider we only ask for a m inimum investment of 
f 2,000. Add instant access and the bonus of quarterly 
payment, and A 

you can see it all 
points to us. 

•>♦• - 4 : - j 



r-\ c-v ? 
rr;- v 

An mmuned European art 
dealer took a £1.7 million 
gamble in Monte Carlo on 
Saturday night when he ac- 
quired a paintiqg of the “Holy 
Family" attributed to Mante- 
gna at a Sotheby's sale. 

The parating, hitherto un- 
known, belonged to a fiunfly 
from Marseilles. It was paint- 
ed In tempera on linen, per- 
haps about 149S, but had been 
heavily overpaiuted in oils in 
later centuries. 

The new owner will have the 
privilege of removing the . 
overpaint and discovering how 
much of the original tempera 
survives below. He will then 
need to canvass scholars' opin- 
io os as to whether it is by the 
great Renaissance master 
himself or merely from his 

Setheiy's attributed the pic- 
ture to Mantegna himself, but 
there have been many 

If the picture tarns out to be 
in a good state and the 
attribution is generally accept- 
ed, the owner could find 
himself with' a painting worth 
more than £5 mDOon. - 

Another Mantegna “Holy 
Family", also painted in tem- 
pera on linen and not in perfect 
condition, became the most 

expensive painting ever sold at 

auction when the Getty Muse- 
um paid £8.1 million at 
Christie's last year. A price of 
this order might be achievable, 
although a tempera painting 

which has had ml overpaint 
cleaned off will never look as 
good as new. 

Sotheby's was wdl aware 
that the purchase of the 
painting in its present state 
was a gamble. It had published 
a detailed condition report -fay 
Herbert T-anfr, the .leading 
London restorer, at the back of 
the catalo gu e. Sotheby's Sat- 
urday evening sale made £&4 
million with 8 per ceat unsold. 
A sale of more routine pictures 
yesterday proved more diffi- 
cult with 31 per cent musold 
and total receipts of £489,742. 

The other star of the sale 
was a Dutch interior,*Tbe 
Doctor's Visit", by Frans van 
Mieris, with a young woman in 
a for jacket and satin skirt 
slumped in the foreground 
while a moarnfol doctor holds 
her mine sample to the light 
It is a &voarite sofaject with 
Dutch painters. This Mieris, 
of which there are many 
inferior versions, sold to an 
American dealer for £330,419, 
a new auction price record for 
the artist 

Two French provincial mu- 
seums were among the pur- 
chasers. Marly spent £47,498 
on a dog with his eye on a 
Pheasant and a partridge by 
Pesportes. ft is believed to 
nave been commissioned far 
Louis XVs' own rooms at the 
Chilean of Petit-Boos. Mar- 
seflles secured a “Virgin and 

a«!£ by Mi 8 nar * 


helped by 

Mr John Paul Getty EL the 

mpnran rii- 

Cafe gets 
an Italian 



H' r ‘ 

^''^terZZonsjbr the 
In many parts* ftiraro, 

recently pot on the market ai 
£S2J00 and is under offer at 

£S2J00 and is under otter at 

In the fesbfcmabte pant of 
London, the increases are 
fairer. Winkwortfa. with of- 
fices t h roug h out the capital, 
point to Fvlfaanx in soufrwest 
Lcmdos, where a SitoW- 
room usmodernizad bouse in 
St Dkmis Road, fast June 
fetched £1 ItMJOD-cooskfenad 
a hi^i price then — and a 
dmifiar boose next door a 
now oa the m ar ket for 

Pimlico, in the dty^s sottth- 
west, is another bootoing area. 

Ainencao multi-millionaire 
philanthropist, has given 
£5,000 10 help a small Yort- 

£5,000 to help a anal! 
shire cricket dub. 

Officials at Sowerby Bridge 
cricket dub which plays in the 
Halifax League wrote to Mr 
Getty after their pavilion was 
burnt down last October. 

Mr Leytaud Smith, the dab 
dairman,- said yesterday: 
“Out of the blue we received a 
letter from one of his represen- 
tatives raying he’ Had been' 
distressed to hear what had 

hanivnwl « 

Full term and conditions will be seat upon receipt of this' completed application form 
haemt rate variable but comer- at tfauof go&tg to press. 

■ .lie hew 
cost- £60,0 

Son, which 
opens on 

,i* . : r » 

; * K * * 5 f\ 
[:iu' * - 1 

j ik -.- /■.' 

- - ; 

ir 0nlv 

JlJZifL— lll' IZr ”1111— _ .1^— - J rot divorce", have - riatrxirTe^ - m vorcenseiL'T - ^ ? 

Customers at Tony 
Viazzams cafe are in .for* 
special treat, because their 
meals are io be served by an 
Italian kmghL 
Mr Viazzani, aged -62, has 
been knighted by -the Italian 
president after a lifetime rais- 
ing thousands of pounds, for 
local and Italian charities. 

In spite of -his ' honour, 
Customers at his Station Cafe, 
ro Merthyr Tydfil, Mid Gte- * 
will not ..have, a 

address him try bis o%faI titfe- 

«,nP ey i®# cam : on : 
aUrog me Tony - biit J bd .... 

ve never teen servedma ,. 
JSjS by to Italian fcnfefe • ' 

i 'a. 




- '„l -•* • ~V 

Patch es 





v *'_? S . ■ 

"-W n 


library charges of up 

a book urged 



■■ «., 


-wing group 

By Michael HoisneD 

'■■■■: i lh.£ 


K ''id 

i; ■“•'mfi" *** v! 

- - iS 


m *Va 

. , . h =s ia 


, m, aa Hi 


-i jronTSS 
“ 10 fiSig 

r V7* fmdffc 
: lc 

J Krt lSllttKt e - 

■'■ Cf, -itpaiS»- 
■ J ' «*». C|£ 

'■■ ■"■ rknui^- 
-''“pjrh! r 


'■2 illUfej- 
r -i ifcl lh<- 
r inct 

•2 1 Pmsit 

..•• ■'r-f.mi .J* 

Xt'.T. vt 
■ • k 3C: 


‘ • “j sir:: 
--W *c 

- * p 

»4 Ikj « 


■ .■’'i'js. 

i 'jP ’fcrirtBt, 

-* ill* 

; V 1 

tm Mantegna 


, J r:’ cHp 

* : *wrl» : 

. *»S* 

■ v 

...... .■;••: 

' ‘a* 

; v; tkki 


'1 ***** 
•$' 3®t t 

ptC 3 ? 



'• :S9 { 

**c 'X 


" r-. J 1 ' 



>n I® 


A call for charges, of up to 
-r30p;a hook to people who 
^ borrow from public libraries 
-- will be made today in a report 
"-certain to -attract con- 

Zi. The call is made by the 
— right-wing research body, the 
y r Adam Smith Institute, which 
■-is sccking thc most cornpre- 
rZhenayereform in- toe 130-year 
mlr history of public.library provi- 
_, sion in Britain. ' 

^ Already the report has been 
*. /derided by the Library Associ- 
ation and the Society of 
-2 Authors. 

The all-in cost of 

libraries, through rates anc 

and enlightenment, it has 
become a system which largely 
supplies free pulp fiction to 
those who could well afford to 
pay for it." 

The institute suggests that 
the educational role of library 
and reference services is of 
paramount importance, and 
that user charges could bring 
the resources needed for that 
role to be carried oul 

Its proposal is that library 
members should pay an annu- 
al charge of £4 and a borrow- 
ing charge of 30p per book, 
equivalent to about two-thirds 
of present library income from 
rates and taxes. 

-taxes, is about £350 million a 
'Zyear. and about 64S million 
■ books a year are freely lent to 
“ ' the 30 per cent of the popuia- 
4 .tion which takes advantage of 
the service. 

- The time has come, the 
Adam Smith Institute says, to 

’ think again about a system 
• -that was conceived when peo- 
"ple could not afford the cost of 

- purchasing books. 

The report says that well 
;^overha!f oflibraiy borrowings 

- are of fiction and that a 
'' -significant proportion even of 

non-fiction is classified as - 
" light reading, whereas refer- 
ence material amounts to only of stock. 

> ;*• The report says: “Invoking 
...the great names of education 

A daily fee of£l is si 
for use of reference ‘ 

with' reduced rates for the 
young, elderly, students and 
unemployed. That would 
bring in the equivalent of up 
to a third of present revenue. 

The charges would also 
deter alcoholics, vandals and 
others who misuse facilities 
and occasionally attack staff 
Great potential for advertis- 
ing revenue from book covers, 
bookmarks and sponsored 
racks is. also identified. - 
Dr Eamonn Butler, director 
of the institute, told The 
Times : “We think h is an idea 
whose time has come and that 
some debate is appropriate. 
We need to look at what 
libraries are there for. 

for blacks 

By a Staff Reporter 
The under-achievement of 
% ■’black schoolchildren is partly 
".-due to their speaking a differ- 
-* ent form ofEnglish mm their 
i ~ teachers. 

That is a conclusion of a 

~ two-year research study by Dr 

Ashton Gibson, director of the 
“Centre for Caribbean Studies 
in London. 

.. According to the report, 
-^published yesterday, more 
» than half the 508 young people 
interviewed do not attach the 
> -same meaning to many evtry- 
: day expressions as white Brit- 
ons and nearly 80 jper cent 
... sometimes have difficulty in 
understanding what the teacb- 
/^ers are saying. . . . . 

^ The- study, financed with 
. -the asristance of the Nfanpow-- 
.„er Services Commission, also 
-shows that 56 per cent speak 
; differently at home. 

Dr Gibson said: “Almost all 
English-speaking West Indi- 
' ans use a mixture of Creole 
* and' standard En glish that is 
neither rate thing nor the 
other. In Britain this places 
them in a kind of Imguistic no 
man’s land, which is symbolic 
of their situation overaB.” 

Dr Gibson argues that to 
suggest everyone should speak 
in standard En g li s h is a larm 
of unintentional racism and 
;„that English shook! be tau^rt 
? .as a second language. 

Stress, which reveals itself 
-■in-tow selfesteem, depression^ 
-.►and anti-soda] behaviour, is 
.- regarded as another big cause 
~ the educational difficulties 

r -o 

endured by West Indians. * 


car Tn 

10 years’ 

By Bill Johnstone 
Technology Correspondent 

Within TO years the average 
car will be computer con- 
trolled and contain more than 
£1,000 of electronics, more 
than twice the present 

• The findings have emerged 
from Mackintosh, the Lnl on- 
based market analysts, which 
is conducting a study into 
world trends in automotive 

The typical car win be 
opened with a radio-con- 
trolled key pad and will be 
started by. “punching-in" a 
security code into -the car's 

The vehide will then imme- 
diately go through a series of 
tests and give- the driver a 
report on the car's mechanical 

The car’s computer-based 

navigation system trill devise 
the .best route to take to the 
destinations given to it by the 
driver.. -. 

Other electronics in the car 
wiD ensure that the headlamps 
and windscreen wipers crane 
on automatically with then- 
brightness and speed adjusted 
according . to . weather 

The average car in America 
now contains $600 ofdectron- 
ics,-an amount thaiwiU more 
than double by 1995. • 
Within 10 years rear-view 
video cameras, vehide colli- 
sion warning systems and 
four-wheel steering will be 
among the new dectronicaliy- 
controlied car features. - 

A real alternative to 

for only £8 a week. 

Ho« you noticed how expensive it can be to lbs a Telex Bureau? 
Registration fees. Extra cx»ts for outgoing srririCGm(ngtetexes.Not 
to mention the telephone cate. Wfefi. here's how you cans®©- - 
money- and geta 24-hour, 7-day week Telex Sendee into the bargain. 

week. To find out more Oast the coupon or caU the number below 
-day. ragtt or weekends. - 

• Wrtuaflyshent ftom fust£8 per week. 

« Compact 8nd easy to use. • AcompJetafefex machine. ' 

01-200 0200 pl^NAl SERVICE 

TttBuSflflSS . . 

3W H0US&PO Box No. L 




L ^r— 


The institute wants offidals 
and decision-makers to estab- 
lish a review body to look at 
the role of libraries. 

Repeal of the statutory pro- 
hibition on charges for fending 
books contained in the Public 
Libraries and Museums Act 
1964 would be necessary to 
end historically free bor- 

But the Office of Arts and 
Libraries said yesterday that 
Mr Richard Lure, Minister for 
the Arts, supports the continu- 
ation of free lending. 

Mr Geoige Cunningham, 
chief executive of the Library 
Association, which has a 
membership of 22,000 librari- 
ans, said: “The institute seems 
to think that it is more 
excusable to charge for fiction. 
They should remember that 
Hamlet is fiction. 

“For the past 100 years and 
more the free public library 
has been a staple for self 
improvement We have al- 
ways argued that there are 
some things which it is appro- 
priate for people to buy and 
other things tor them to buy 
communally. Books belong to 
the totter.'* • 

Obscenity report 
backs crime link 

By Gavin Bell, Arts Correspondent 

Mrs Mary Whitehouse is to 
urge Mr Douglas Hurd, Home 
Secretary, to tighten up 
Britain's obscenity laws after 
receiving an advance copy of a 
report by the United States 
Justice Department that con- 
cludes there is a cause and 
effect relationship between 
pornography and acts of sexu- 
al violence. 

Mrs Whitehouse, president 
of the National Viewers and 
Listeners Association, will 
present the report to Mr Hurd 
on July 3, shortly before it is 
due to be published in the 
United States. 

ws !S®!' 


Natalie Andrews, aged seven, from Wimbledon, telling Santa Clans her Christmas wish in 
London yesterday fra- a survey to find the year's favourite toy (Photograph: John Voos). 

Uniform change angers nurses 

A health authority’s deri- 
sion to banish nurses’ caps 
from its hospital wards as 
outmoded and unhygienic is 
being condemned by toe Royal 
College of Nursing. 

Mr Mark Le Fanu, general 
secretary of tile Society of; 
Authors, . added: “Perhaps 
more than free entry to muse- 
ums, the free lending of books 
should be sacrosanct.” 

Any of toe 2^00 nurses 
involved who derided to defy 
the order to go bare-headed 
would be supported ail the 
way, a college spokesman in 
London said. “There is no 

evidence that die wearing of 
caps is unhygienic.” 

The derision by East Dyfed 
Health Authority to rule out 
caps as part of a new policy on 
uniforms has provoked a flood 
of complaints and has drawn 
hospital consultants Into toe 

In spite of warnings to 
nurses and students that they 
will be disciplined if they 
ignore the regulations, no 

action has been taken against 
n arsing sisters, who insisted 
on keeping their caps. 

In a joint public statement, 
Mr Geraint Roberts and Mr 
Nicholas Taylor, both medical, | 
consultants for toe authority, 
pour scorn on the theory that 
nurses caps are unhygienic. 

The logical extension of 
that they say, would be for 
nurses “to carry out their 
duties in toe nude”. 

The American report, which 
Mrs Whitehouse was given 
permission to release in ad- 
vance in Britain, makes 93 
recommendations for strin- 
gent new tows to control 
pornography and for imposing 
much stiffer penalties. 

Mrs Whitehouse said: 
“There is no room for compla- 
cency on our part since por- 
nography produced in Britain, 
including child pornography, 
is exported to the States and 
the British police lack the 
power to halt this evil and 
corrupting trade. 

“New and effective legisla- 
tion is long overdue, for the 
situation is uow very different 
from that which pertained at 
the time of the passing of the 
1959 Obscene Publications 
Act. The grossly violent and 
perverted material which is 
now so widely available was 
unknown then.” 

A key excerpt in the report 

said the commission had con- 
cluded unanimously that “the 
available evidence strongly 
supports the hypothesis that 
substantial exposure to sexu- 
ally violent materials bears a 
causal relationship to anti- 
social acts of sexual violence 
and possibly to unlawful acts 
of sexual violence’ 1 . 

In particular, it W3S con- 
vinced that such material led 
10 a greater acceptance of the 
“rape myth” — that women 
enjoyed being coerced into 
sexual relations and that con- 
sequently a man who forces 
himself on a woman is only 
acceding to her “real” wishes. 

It added that the view of 
women as available for sexual 
domination was a cause of 
more widespread discrimina- 
tion against women in sodety. 

The commission said per- 
haps the most significant po- 
tential harm was to children. 

“For children to be taught 
by these materials that sex is 
public, that sex is commercial, 
and that sex can be divorced 
from any degree of affection, 
love, commitment, or mar- 
riage is, 'for us, toe wrong 
message at the wrong time.” 

Dr James G . Dobson, a 
member of the US commis- 
sion, supported Mrs 
Whiieho use's view that sex 
films and magazines bad be- 
come a great deal more explic- 
it and violent in recent years, 
by listing io the report a range 
of sado-masochistic activities 
found depicted in adult book 
stores in New York. 

If we suddenly took away 
fertilizers, it could be the worst thing 

since sliced bread. 

Could a loaf of bread really cost so 
much more without fertilizers? 

You can imagine how that afreets the price 
of a loaf of bread. 

Judge for yourself. 

Fertilizers are a major contributor to 
Britain's ability to feed herself. 

Forty years ago we were forced to 
import a huge proportion of our food. And 
we bad to pay for it Wfe could only manage 
to produce a mere half of what we needed. 

Today thanks to fertilizers (and, of 
course, technological advances in other 
fields), farmers can produce virtually all 
the essential food we need. This despite an 
increase of something like 8 million people 
to feed, and despite losing thousands of 
acres of gpod forming land each year to 
houses, factories, airports and roads. 

The price of food 
would soar without them. 

If we had no fertilizers, the price of 
food to the consumer would automatically 
increase; a loaf of bread would cost consider- 
ably more than at present The efficient 
use of fertilizers by farmers has played a 
vital role in keeping all food prices down. 

Without them, food imports would 
rise considerably with an unpleasant 
impact on our balance of payments. 
Agriculture’s direct contribution to our 
gross domestic product — around £5,000 
million in 1985 — would drop, making 
matters even worse. 

normal cycle of plant nutrition required for 
healthy growth. They increase the fertility 
of the soil, as animal manure does. 

But whereas manure can only deliver 
a haphazard range of nutrients, fertilizers 
can be tailored to suit specific plant types, 
and timed exactly to suit each stage of 
growth. All in all, die benefits of fertilizers 
to plants are an economic benefit to usalL 

What better reason for Britain’s 
formers to make the most of them, and for 
ICI to take pride in being Britain’s leading 
fertilizer manufacturer. 

Fertilizers do more than simply 
increase crop yields and livestock output; 
they reduce the cost of food production — 
by a dramatic 70% in the case of wheat 

Of course, the current surpluses in 
production resulting from recent agricul- 
tural policy present a new challenge. But 
the fanning industry has a proven record 
of successful adaptation to change. 

A natural food for plants. 

There’s no mystique to fertilizers. 
They’re natural chemicals, part of the 

You are invited to write to us for more 
information on the issues raised in this 
advertisement Contact Mrs Norman at ICI 
Agricultural Division, PO Box 1, Billingham, 
Cleveland TS23 1LB. 


Helping nature - and Britain - to grow 

As a major supplier to agriculture, ICI Agricultural Division is running ikis series of advertisements, designed to increase public auxueness both of the 
mle offertilizen m mjdemfarmmgandof other key issues moohxd in theproduetion ofBritishjbod. Many tflhefactspresetUediiaewillbefanuliaTtothe 
farming community, but believe we have a responsibility to help keep the general publicjully informed on these major and complex issues. 





Scathing attack on South Africa 

Waite delies Botha and 
and broadcasts name 
of jailed black bishop 

■ By Nicholas Beeston 

: : Mr Teny Waite launched a 
fcathmg attack on the South 
African' -Government yester- 
day, breaking the new emer- 
gency laws and claiming he 
was “lobbed off* by the 
authorities during his visit 

Speaking by telephone in a 
BBC radio interview from 
Johannesburg before his re- 
turn to London today, the 
Archbishop of Canterbury's 
special envoy said he knew his 
conversation was being moni- 
tored, but nonetheless broke 
an emergency regulation by 
naming the detained Suffra- 
gan Bishop of Johannesburg, 
Sigismund Nowand we. 

“The way the black and 
Coloured community here are 
being treated is nothing short 
of disgraceful. This system of 
government is a total 
sham . . . This country is in 
the very strong grip, of the 
security forces.” 

Mr Waite, who was on a 
fact-finding mission for the 
Archbishop of Canterbury, de- 
scribed how .he had accompa- 
nied the wife and son of the 
detained bishop to the prison 
where he was being held, but 
said security forces refused to 
let them see the cleric. 

. “He was detained for abso- 
lutely nothing and the world 
should know that,” said Mr 
Waite. The arrest was a cause 
for “international concern” 
.and the sooner the world was 

Dutchman held 

Father Jan Booma, a Dutch 
Roman Catholic clergyman, 
has bear. arrested by Sooth 
African police under the state 
of emergency there, Dutch 
television reported yesterday 
(AP reports from 

given information about the 
matter the better. 

At one stage Mr Waite was 
briefly cut off when the line 
went dead. 

When contact was restored, 
the interviewer asked if be 
realized he had broken the law 
and could free arrest Mr 
Waite said: “I am perfectly 
prepared to face the 

“Absolute power corrupts 
absolutely, and at the heart of 
this system there is an evil 
which must be combated.” 

In another development. 
Cape Town residents and 
church organizations who 
spoke by telephone to The 
Times in London said there 
could be violence today when 
security forces round up thou- 
sands of homeless blacks from 
the Crossroads squatter camp 
lor forced resettlement in a 
township 20 miles from Cape 

Crossroads is to be re- 
developed as black bousing 

for a smaller number of I 
people, mostly conservative 
. blacks who were involved, 
allegedly with the support of 
agents of the state, in burning 
down the shacks of other 
residents in recent fighting. 

Most of the refugees have 
since been sleeping rough, or 
sought shelter m churches and 
mosques in townships. 

However, following a Gov- 
ernment order, they are ex- 
pected to be evicted by force 
to the Khayelitsha (New 
Home) township. 

A spokesman for a church 
group in London said Cape 
Town clergy had declared they 
were committed to letting the 
squatters remain in churches, 
and that police would have to 
remove them physically. 

The Cape crackdown coin- 
cided with reports^'that the 
security services were still out 
in force elsewhere. - 

A resident of Soweto said 
yesterday; “The Army is still 
carrying out numerous 
armoured patrols through the 
township and further arrests 
have been made, although not 
on foe same scale as 1st week. 

“The feeling is that the 
dampdown on foe townships 
will remain in effect possibly 
until foe end of the year. And 
foe political activists in hiding 
will have no option but to take 

Lariano Pavarotti, the Italian opera singer, is greeted with a bonqnet of flowers oo his arrival at Peking airport yesterday 
and responds with a kiss for the girl who welcomed him to China. 

Church leaders’ arrest condemned 

From Michael Hornsby, Johannesburg 

Mr Waite, is due back in residential area near Johan- Times of an alleged tear-gas 

nesburg. The arrest of church 

Britain today after six days in 
Sooth Africa gathering infor- 
mation for a report to be 
circnlated to Anglican 
chmches world wide. 

“I have come across a great 
deal of information, most of 
which I find distressing and 
distasteful,” he told a press 
conference at the residence of 
Bishop Desmond Tutu, Angli- 
can Bishop of Johannesburg, 
on Saturday. 

• He said be would speak 
more folly about what he had 
seen and heard when he was in 
“a freer atmosphere”. 

Yesterday Mr Waite and 
Bishop Tutn spoke at a service 

in Ijwkm, the Indian 

leaders, Mr Waite said, could 
never be simply a national 
matter. It was a matter of 
international concern. 

At his press conference, he 
told how he tried in vain to 
visit a black Anglican bishop 
in prison. (Under the emergen- 
cy regulations it is an offence 
to give the bishop's name). 
The authorities had beat “to- 
tally unco-operative.'’ 

It was extremely difficalt to 
get an accurate picture of bow 
many clergy had been de- 
tained, be said. It was a 
question of going to each local 
community and making 

Asked abort a report in Tie 

attack on a charch 
KwaThemfl township, near Jo- 
hannesburg, m which several 
babies had been killed, Mr 
Waite said he coaid not con- 
firm this, bM he had been told 
of many rinwfar incidents in 
which tear-gas had been fired 
into Hunches. 

Speaking abort his visit last 
week to Crossroads squatter 
settlement, outside Cape 
Town, Mr Waite said it was 
disgraceful that foe authori- 
ties were evicting refagees 
from church halls, syna- 
gogues, mosques and private 
homes where they had taken 
shelter after recent fi g htin g 
between rival groups in the 

Pretoria denies report Dutch bid 
of attack on church for EEC 


By Onr Foreign Staff 

The South African Govern- devoid of all truth and is, in 

ment yesterday denied a re- 
port in The Times on Saturday 
stating that security forces 
made a tear gas attack on a 
church in the ■ town of 
Kwafoema on Thursday in 
which several babies and one 
child died. 

A statement issued by the 
Bureau for Information on 
Saturday said: 

“According to a report 
which appeared in The Times 
of London today. South Afri- 
can forces fired tear gas on 
Thursday into a church in a 
town near Johannesburg, fa- 
tally injuring several babies 
and causing the death of a 
child. The paper also said it 
was impossible to check foe 

“The Bureau for Informa- 
tion, after making extensive 
inquiries, has established that 
The Times of London report is 

this instance, a deliberate 
attempt by The Times of 
London to disseminate inac- 
curate reports on events oc- 
curring in South Africa. 

“In addition. The Times of 
London made no attempt to 
verify this report with foe 
Bureau for Information and 
neither with Mr Michael 
Hornsby, local correspondent 
in South Africa for The Times 
of London. 

“This is a clear example of a 
foreign newspaper that appar- 
ently has no interest in report- 
ing factually on incidents 
taking place in South Africa. 

“we get foe impression that 
The Times of London, in this 
instance, does not wish to 
inform its readers accurately, 
neither does it wish to check 
its facts. We reject this piece of 
deliberate inaccurate 

From Richard Owen 

The Netherlands is urgently 
seeking a compromise pack- 
age of “positive” and “nega- 
tive” sanctions against South 
Africa to be adopted by the 
EEC summit in The Hague, 
which opens on Thursday. 

The summit will mark the 
end of the Dutch Presidency 
of foe EEC Council of Minis- 
ters and the beginning of 
Britain's six months in charge 
of EEC affairs. Neither Britain 
nor the Netherlands wants the 
summit to run aground over 
the sanctions issue. 

EEC officials said Mr Hans 
van den Broelc, the Dutch 
Foreign Minister, sees “pos- 
itive” measures as foe key to a 
compromise this week. 

Mrs Thatcher is known to 
approve of “positive" 

Police quiz 
bus driver 

From Horry Debetaus 

The driver of a holiday 
coach which crashed near 
here, killing three Britons, 
remained in his Tarragona 
home yesterday after being 
questioned by an investigating 
magistrate about police allega- 
tions that he had rested only 
one and a half hours in the 19 
hours before the accident. 

A representative of the POrt- 
land-Thomson travel agency 
in nearby Salon, which sent 
the bus to bring British holi- 
daymakers more than 
120m iles from Gerona airport 
to hotels in this area, denied 
that foe driver, Sehor Esteban 
Gracia, aged 33, had been 
driving longer than he should 
have, and showed a reporter a 
pencilled despatch sheet to 
support his argument. 

The three who died have 
been named as Mr Albert 
Wood, aged 62, of 
Headington, Oxford, .and Mr 
Wilfred Davies and his wife 
Valerie, both aged 56, of 
Enfield, Middlesex-Their 
bodieswere expected to be 
flown back to Britain yester- 
day, according to a. British 
consular representative. 

Still serious yesterday were 
Mrs Helen Mitcham, aged 23, 
and her husband Jeff aged 29, 
Mrs Mary Wood, widow of 
one of the victims, and Mrs 
Kay JonesAlso being treated 
in hospital were Mr G.Ward. 
Mrs Patricia Havfland and 
Mrs Isabel Forster. 

The collision happened at 
about 10.45 pm on Friday 
when foe bus, one of two 
coaches travelling together 
and carrying 20 passengers, hit 
a lorry parked on the shoulder 
of foe motorway. Police, who 
had only a few minutes earlier 
helped the lorry driver to 
change a flat tyre, said his 
vehicle was off the road, 
property lit and warning sig- 
nals bad been placed behind 

The crash ripped out the 
right side of foe coach. Rescu- 
ers took four hours to cut away 
wreckage to release those 
trapped inside. 

Beirut ambassador appeals 
for release of two Britons 

Sir John Gray, foe British 
Ambassador to Le b an on, has 
appealed again for the release 
of two Britons held hostage by 
radical groups, which claim to 
have killed one of the men. 

The appeal was made in a 
statement published yesterday 
in L’Orient-Le Jour 
newspaand followed a similar 
call printed by Lebanon's 
leading daily, An-Nohor, on 

The Ambassador’s message 
came after two Frenchmen, 
two Cypriots and nine Leba- 
nese Christians, who had been 
kidnapped by different groups 
in mostly-Muslim west Beirut, 
were freed over foe weekend. 

On Friday the Revolution- 
ary Justice Organization, be- 
lieved to be made up of Shia 
Muslim extremists, released 
M Philippe Rocbot and M 
Georges Hansen, who were 
abducted with two of their 
colleagues of France's An- 
tenna TV channel in March. 

Mr Stavros Y annald and 
Mr Panayiotis Tirkas, Cypriot 
students kjdnapped in west 
Beirut almost two months 

From Jnan-Cark>s Granada, Beirut 
ago, were released tmexi 


edly on Saturday and flown 

The Cypriot Government 
described their release as a 
result of a personal mediation 
by Mr Yassir Arafat, chairman 
of the Palestine Liberation 

Nine Lebanese Christians 
abducted by the Independent 
Movement for the Release of 
Civil War Hostages group 
were also freed. 

John^calle^ior the release of 
Mr Alec Collett, aged 64, a 
writer working for the UN 
who was kidnapped on March 
25 last year, and Mr John 
McCarthy, aged 30, a journal- 
ist from Barnet, north Lon- 
don, who was ending his 
assignment for the London- 
based World Television Net- 
work when he was kidnapped 
cm April 17. 

“Their continued detention 
does not serve any useful 
purpose,” the plea »nrf 
gave two telephone numbers 
m case the kidnappers wanted 
to contact foe embassy. 

None of the underground 
groups operating freely m west 
Beirut has claimed responsi- 
bility for Mr McCarthy’s ab- 

A group caning itself the 
Revolutionary Organization 
for Socialist Muslims, which is 
believed to be linked to foe 
Palestinian Abu Nidal terror 
group, claimed it had killed 
Mr Collett in retaliation for 
Britain's support for the 
American raids on Libya 

Two other Britons. Mr Phil- 
ip Padfield and Mr Leigh 
Douglas, were found shot 
dead with Peter Kilburn, an 
American, two days after the 
US attack. A group called the 
Arab Revolutionary Oils 
claimed responsibility for the 
killings, which, it said, were 
also carried out to avenge foe 
US attack. 

Eight days after the raid, the 
group claiming to be holding 
Mr Collett released a video 
tape, purporting to show his 
body dangling from a gallows, 
but there was no positive 

Tearful return , page 11 

Police rescue militant 
in roadblock protest 

From Ian Murray 

The militant chairman of a 
small committee set np in 
Jerusalem to campaign against 
violence by the ultra orthodox 
community had to be rescued 
by police on Saturday after 
provocatively driving , his 
Mercedes into a street unoffi- 
cially closed off 

The street had been sealed 
off with rubbish bins during 
foe afternoon of the Sabbath. 
Mr Avrahamptitzi decided to 
challenge these unofficial road 

As he approached the rub- 
bish bins his car was sur- 
rounded by a furious crowd of 
Hassedim, as the ultra ortho- 
dox are called. Mir Fritzi got 
out of his car, drew a pistol 
and fired warning shots into 

the air but the angry crowd 
dosed in. 

A police patrol met with a 
hail of stones which shattered 
the windscreen of the 
Mercedes. The Hassedim told 
the police they had sealed off 
foe street after a child had 
been hit by a car. 

But there was no evidence 
of this and a police source said 
it was possible the real aim 
was to dose off yet another 
Jerusalem street on the Sab- 
bath in addition to the 40 or 
more already officially shut off 
. to traffic on that day. 

. The current tension be- 
tween Jewish orthodox and 
secular communities came to 
a head after bus shelters 
carrying advertising posters of 
girls in swimsuits were van- 
dalized by ultra religious peo- 
ple, who claim they are 

Hu seals link 
with Italian 

From Peter Nichols 

The Italian Communists 
reception at the weekend foi 
Mr Hu Yaobang, foe Chinese 
Communist leader is seen tc 
seal a new stage in under- 
standing between foe twe 

This result alone would 
have given significance to Mr 
Hu's European tour. The 
warm public embrace which 
foe Chinese leader gave SignoT 
Alessandro Natta. the Italian 
party secretary, was a sign of a 
notable identity of views be- 
tween the heads, of the party 
governing foe biggest Com- 
munist nation and the biggest 
party in the West, which has 
been distinguished by its doc- 
trinal originality. 

Relations between the two 
parties were cold for some 18 
years while the Italians were 
developing their theories on 
foe autonomy due to national 

The bad relations ended in 
1980 when the late Signor 
Enrico Berlinger, then leader 
of the Italian party, went to 
Peking to explain his outlook. 

Mr Hu several times re- 
ferred publicly during his stay 
here to Berlinger and his 

He is understood to have 
made clear in private meetings 
with his Italian Communist 
hosts on Saturday his belief 
foal Communist parties whe- 
ther big or small should be 
“independent and auton- 

He is spending today, which 
is his last day in Italy, m Turin 
as foe guest of Signor 
- Giovanni Agnelli, the chair- 
man of FiaL 

Dolores Ibararri, aged 90, 
the Spanish Communist “La 
Pasionara”, voting in Ma- 
drid yesterday. 

Vietnam sacks 
7 ministers 

Bangkok (Reuter) — Viet- 
nam said yesterday that the 
Deputy Prime Minister. Mr 
To Huu, had been replaced 
and seven economic ministers 

Radio Hanoi, monitored in 
Bangkok, said Mr Huu was 
replaced by Mr Vo Chi Cong. 
It did aoi give any reasons for 
foe State Council's derision. 
Nor did it name any new 

Chile hit by floods and anti-Govemment protests 

Students flout crackdown 

Chilean students and other 
opposition groups have step- 
ped up peaceful assemblies, 
marches and other activities 
despite the harsh response by 
the military Government to 
their week-long national 

For the first time ever, 
police entered the Roman 
Catholic university’s campus 
last Wednesday and arrested 
80 students. 

The next day, nearly 1,000 
students staged a peaceful 
occupation, demanding the 
resignation of the university^ 
president and an administra- 
tor, who called foe police and 
pointed out to them student 

A third-year science student 
at foe University of Chile 
seemed to speak for many 
when he said: “It's incredible, 
but I think this role of terror is 
failing. Students are getting 
used to it 1 can't deny that foe 
first time (troops sealed off our 
campus) we were afraid. But 
this time we weren't. And next 
time I think we're going to 
react stnmgfy”. 

Police had released him just 
minutes before this interview, 
which took place as a line of 
soldiers in foil combat equip- 
ment made threatening ges- 
tures with their weapons from 
across the road. 

At foe end of last week, 
concern for foe safety of seven 
students bring held by Chile's 
political police, foe CNL fu- 
elled more protests ami 
sparked appeals to foreign 
embassies to put pressure on 
foe Government for theft 

The mothers of two of foe 

From Lake Sagans, Santiago 
students were allowed to see 
their sons far five minutes. 
They reported that all the 
students had been tortured, 
King electric shock. Their 
sous did pot, at first^ rec og aize 
them, nor did they know the 
place or time or day. They 
could not maintain their bal- 
ance ami seemed heavily 

“The only thing they know 
is that they have to get out of 
there,” one of foe mothers told 

The seven were released late 
on Friday night and then foe 
students turned foefr attention 
to a massive campaign to 
gather clothes, dry goods and 
baflding materials for people 
affected by recent military 
operations and floods^ 

Record rainfalls and heavy 
flooding have cut the water 
supply to half of Santiago's 
four million people and given 
add e d impetus to the opposi- 
tion activities. 

Problems began sazmftn- 
neoosly with foe students' 
strike on June 16, when the 
waters of the Maipo River 
washed away 200ft of foe 
concrete conduit which fed 
Santiago's most important wa- 
ter purification plant. 

Floods also cat transporta- 
tion to foe south of Chile. The 
train service was partly re- 
stored on Saturday, with fer- 
ries used where bridges had 
been washed away. 

An estimated 40JM)0 people 
in foe Central Valley region 
have lost their homes. At least 
18 people have died and 
another 75 have disappeared 
asa result of the storms. 

. Much of what tittle water is. 

available is of poor quality, 
and authorities recommend 
it for 10 to 20 minutes, 
p o ve rt y has 
made this a difficult recom- 
mendation to carry out 

Leaders of Chile's National 
Medical Association have crit- 
icized foe Government's han- 
dling of the crisis and warned 
that 1A million people face 
“catastrophic" sanitary., 

Dr Haydee Lopez, a public 
health specialist and consul- 
tant to the World Health 
Organization, said that if the 
Government does not under- 
take a massive vaccination 
programme there amid be 
serious outbreaks of typhoid 
fever and viral hepatitis. 

On Friday, President Pino- 
chet declared a $«te of catas- 
trophe in Santiago and two 
other regions, bat the Public 
Works Minister, General Bro- 
no Siebert, said that it would 
be at least fear months before 
the water supply re tur ned to 

In the meantime, schools 
bare been dosed and special 
trucks are supplying affected 
areas with water. Many hospi- 
tals have sent home most 
patients. Restaurants, howev- 
er, continue to function with* 
oat a reliable water supply. 

At foe weekend, the 
Catholic Church and the Na- 
tional Assembly of Gv3 Soci- 
ety (Chile's largest opposition 
coalition) collected dothing, 

als which they distiiLted to 
those most affected by foe 
floods and last month's mffl- 
tary police raids. 

Garcia to hold 
inquiry into 
prison revolt 

By Our Foreign Staff 

The Socialist International, 
meeting in Lima, has recom- 
mended that foreign observers 
should sit in on an inquiry 
into the bloody prison riots in 
Peru, the organization's presi- 
dent was quoted as saying yes- 

Herr Wily Brandt, the for- 
mer West German Chancel- 
lor, told tite West German 
newspaper Express that he 
and other officials of the 
organization had lengthy talks 
with President Garcia of Peru 
about foe revolts. 

More than 150 left-wing 
guerrilla inmates were killed' 
in Thursday's riots, according 
to official figures. 

Opposition Senator Javier 
Diez Canseco has alleged 
about 60 inmates at one 
prison, Lurigancho, were shot 
in cold blood by foe military; 

Herr Brandt said: “He (Gar- 
cia) has now ordered an 
independent partiamentary 
committee to investigate the 
events. We recommend to 
him that be accept foreign 
observers on this paneL” 

He said he saw no reason 
why the unrest should prompt 
the Socialist International, a 
world grouping of socialist 
and social democratic parties, 
to call off its congress in Lima. 

The interview was released 
ahead of publication today. 

• LIMA: Fears that scrapping 
the US-Soviet anti-ballistic 
missile limitation treaty could 
lead to a collapse of the whole 
arms control regime are a 
central pan of an important 
new report on disarmament 
presented- to the Socialist In- 
ternational congress. 

Swiss to 
vote on 

From Alan McGregor 

The Swiss socialist party, 
second grouping in the coaB- 
tkm Government, will launch a 
new initiative calling for foe 
phasing out of the country's 
five andear power reactors 
with a halt to farther 

The start of work at 
Kaiseraogst, ok of two pro- 
jected plants has beat delayed 
for a decade by local 

The socialist initiative, to be 
voted on in a national referen- 
dum, probably after foe end of 
next year, is foe third such 
move. Referendnms in 1979 
and 1984 produced a narrow 
majority for nuclear power 
which now provides almost 40 
per cent of Switzerland's 

The latest opinion poll, 
commisaoped by the Berner 
Zatxng, gave 56.7 per cent for 
phasing oat of foe nndear 
installations, 40 per cent of 
that being for an early shut- 
down. Only (me third of per- 
sons questioned said the 
nuclear power programme 
should be continued. 

Police need tear gas and 
water cannons on Satmday to 
repel about 100 masked dem- 
onstrators, hurling stones and 
petrol bonibs, who cut through 
a barbed wire fence and set 
alight a store shed at Gdsgea, 
the nndear power station 
opened in 1979. Several were 

• SALZBURG: Thousands of 
Austrian mothers and children 
left Salzburg yesterday to 
walk over the Bavarian border 
and join West Germans in a 
protest against a planned 
nndear waste plant at Wack- 
ersdorf, police said (Reuter 

Libyans give 
new names to 
the months 

Paris (AFP) — Libya is to 
rename the months to refute 
imperialist cultural alienation, 
the Libyan news agency Jana 
reported yesterday. 

The new terms, it said, 
reflected glorious Arab history 
and the Arab environment, 
and have been introduced 

The changes include calling 
July “Nasser” commemorat- 
ing the coup d’etat of July 23, 
1952 that brought Nasser to 
power in Egypt, and calling 
September “First”, commem- 
orating the coup d’etai of 
September 1, 1969, in which 
Colonel Gadaffi seized power. 
June is renamed “Summer”. 

Seven in 
plot are 

Abidjan (Reuter) - Seven 
people found guilty of plotting 
to overthrow the Ghanaian 
leader,' Mr Jerry Rawlings, 
were executed by firing squad 
yesterday, Accra radio - 

They were sentenced to 
death in May and their plea 
for clemency was turned down ; 
this month by the Appeal 
Court. ! 

The radio, monitored in - 
Abidjan, named them as God- * 
win Mawuli Kofi Dra-Goka, ■ 
Yaw Brefi Berko. Kyererae 1 
pjan, Samuel Boamah Panyin * 
and Ahmed Brahima Kankani 
(all civilians), and two mem- ' 
bers of foe armed forces, - 
Warrant Officer Samuel ; 
Charles Laitey Aforo and - 
Private Charles Koomson. ! 

The radio said another man, ’ 

Abubakary Musa, sentenced ! 
to rti»arh in March in connec- - 
tion with a different plot, had ~ 
his sentence commuted to life 
imprisonment Sergeant Koffi 
Twumasi, implicated in the 
same conspiracy as Musa, had ■ 
his 15-year sentence reduced ; 
to 12 years. ; 

Journalists on ' 
hunger strike 

Dhaka (Reuter) — About 50 - 
Bangladeshi journalists began : 
an indefinite hunger strike to; 
protest against a move by al 
publishing bouse to dose its; 
two newspapers following an , 
industrial dispute. 

The journalists said their, 
“fast-unto-death” would con-; 
tinue until' the owners of The 
Bangladesh Observer and The 
Chitrali settled all wage dis- ; 
putes and scrapped a plan to 
shut foe papers. ; 

Poles detained; 
after rally 

Warsaw (Reuter) — Two; 
leading Polish opposition fig-' 
urns were detained by police 
after attending an unofficial 
rally marking the 10th anni- 
versary of a strike near War-; 
saw, eyewitnesses said. 

Jacek Kuron, Jan Jozef 
Lipski and at least three other, 
people were seen bung led; 
into a police station after a- 
church mass and wreath -lay-* 
mg ceremony at a monument' 
commemorating the strike at 
the Ursus tractor factory 10 
years ago on June 25. 

Death at 112 ; 

Lyon (AP) — Mme Eugenie 
Roux, believed to be the 
oldest Frenchwoman, has (tied 
aged HZ foe Lyon City 
Council said. 

Paris bomb 

Paris (AP) — A small bomb 
broke windows and caused 
other minor damage to the 
French headquarters of the 
multinational Rothmans dga-f 
retie company, but no injuries 
were reported. 

Cabinet quits 

Paramaribo. Suriname (AP) — 
Prime Minister, Mr Wim 
Udenhout says his Cabinet 
will resign today in an effort to 
bring the country's three larg- 
est political parties into foe 
Government. A new cabinet is 
expected to take office bn 
about July 15. 

£16m painting 

Monte Carlo (Reuter) — A 
previously unknown painting 
by -foe Italian Renaissance 
master Andrea Mantegna der 
picring Mary with the baby 
Christ has been sold to a 
.European art dealer for £16.6 
million at auction here. 

US attacked 

Moscow (AFP) — The Sovi- 
et media marked yesterday's 
4Sih anniversary of. the Nazi 
invasion of the Soviet Union 
with scathing attacks on the 
US Government and warn- 
ings against it seeking to 
dominate the workL 


Riyadh (AFP) - The first 
commercial dromedary dairy 
in the world has been set np 
here, and initial demand for 
foe camel milk at £1 J2Q a litre 
has been good, the Jedda- 
based Arab News reported. 

£10m winner 

Sacramento (UPI) - Paul 
Donner Spencer, aged 64, a 
writer who specializes in trivia 
books and short stories, has 
won a $15.22 million (£10) 

Sexism claim 

Tel Aviv (Reuter) - Israeli 
state prosecutors stopped 
work for an hour in protest 
against what they called sexist 
slurs made by members of foe 
Cabinet against three women 
attorneys involved in an in- 
vestigation of the Shin Bet 
security service. 

Market blast 

Colombo (Reuter) — Securi- 
ty authorities damped a cur- 
few on the fanning district of 
Kamalai in Sri Lanka’s east- 
ern province after the death 
toll from a parcel bomb 
explosion at the local market 
rose to two. 

i. -i 


dp ‘ 

i 3! 

t : 



/ ;/ 1 

' C.: 

/ ‘i 

; - 

v > : 

* * 

* !- 

. .. 

: "■ ■ 5fr,te ni* iJJ 

.Journalists o, 

hUR ger strife 

- • V , ft -Abg-, 

..7- i^agerag 
. ; "*“ y a movek. 
: _ • n ' JU '-e to cw' 

- rr ~i«s sad t 

" "•‘""wtf* 

■ ■■. ... 

• • ... J**® 

. - -^rpedapfe, 

Poles detain! 
lifter rally 

• ■ •/ - Ife 

’■ ‘ s - °7jMsiiiai 

• • : •-•nsdbjjJ 

— • i a." icinfej 

: '•:::ks rarfe 

•: r -Oi saii 
■••on Jafe 
. ./ . v^i ihraa 

• - v:.: tragi 

- ; ^‘.4‘JM * 

■•• 4T.i Bmtt 

2 rasoB 

• • ’brails 

Death at 112 

.' -\beE? 

• :\:i ID tat 
■•.— --T-abti 

. •.::: Lj J C 

Paris bomb t 

- A raalta 
Eld B 


.... jClhfflSil 
■ r.:aasfi 

7-;- ; Cabinet# 

.. Mr * 
. : ^ & 
. 'T-i it®* 

• '.ir***® 


£ ! pafof 

' ■"fS 


... ■»3* 

sr» , " r ' 

? S attach 

■ ■ -IS? 

*.* •■’vi 

■- r -T5* 


Are ICLs competitors 
developing chips on their shoulders? 

: ' • ' 





. >• ' ■ 


; 7 •’ 


• .. 

. ‘ ••: • 

f' >. 

. • S; \ 

.. ■>./ 

y' - ; < 

.• • *, , . 

- • * ■ * • ■ v-'-. 





•- ■ ' *' r 

A • 



• • . 





• . . ■ '• - - • , - » ' * 

v v ; -V - '% ■■ 

■ - ?■: > » fc - , • \ 

.. ,v ; pv | 

, <-.. 4 . **. ?. • * < « ^ ' f * T . ■ 4 », V * . ... - > 1 ' v 

' * i, 

^1 * ^ /i v , • -v c 

'• ■ ■•■ 

* - 

.. -• 



• ’• 

r ■ ' . • • ■■ 

• Lck>katftfroiT)his:^ 

• In 1985 ICLi; turnover was over £1 bn. 
with pre-tax profits up by 33%. A major 
achievement by. any standards and built on 
solid growth. : 

, We now supply more electronic point- 
ofsale systems to UK retailers than any other 
manufacturer; . 

The financial sector and manufacturing 
industries are also' investing- morethan ever 
before' in IGL computers. : T 7;/ 

- ’■ ' ' • 

‘ • 

In the public sector; you’ll- find us hard 
at work in the- majority of local government 
offices, in every Regional Health Authority, as 
. well as easing the burden on the DHSS and 
Inland Revenue. 

Essential public services like the water; 
gas and electricity indukries, all rely on ICL 
information systems. And we play a significant 
role in key areas of the nation’s defence. 

.Without ICL, Britain couid grind to a 
haft tomorrow. Fortunately, however; we’re 



' - 



: * tl 

' JS J 


looking much further ahead than that 

By exploiting new technologies like high 
speed fibre optics, and through our leader- 
ship in networking, ICL are assured of a 
major role in all sectors of Britain’s economy 
for many years to come. 

And some people would give their right 
arm to be in that position. 


YniVe in good company. 




Clemency hopes fading 
after tearful reunion 
on Malaysia death row 

Mrs Sue Chambers spent 
three hours yesterday morning 
with her condemned son, 
John Kevin Chambers, one of 
two Australians sentenced to 
death for drug trafficking and 
soon to mount the gallows of 
Kuala Lumpur's Padu Prison. 

Red-eyed and pufiy-feced 
after the meeting, Mrs Cham- 
bers was rushed through the 
prison's iron gates and into a 
waiting car, supplied by the 
Australian High Commission, 
and whisked away. She told 
reporters that her son was 
“brave about it all ... it is 
very upsetting.'" 

The second Australian on 
death row, Brian Geoffrey 
Barlow, was visited by his 17- 
year-old sister, Michelle. His 
mother, Mrs Barbara Barlow, 
was not up to making the visit 
yesterday and will instead go 
to the prison this morning. 

No date has been set for the 
execution of British-born Bar- 
low, aged 29, formerly of 
Trent Vale, Stoke on Trent, 
and of Chambers, aged 2S. of 
Perth, Western Australia. 
Government sources, howev- 
er. say they could be banged as 
early as Thursday and any 
delay will not exceed a 

From MG G Pfllai,KuaIa Lumpur 

The bangings wilKbe the journalism. Their visits were 
first in Malaysia of Caucasians organized and paid for by two 

since the Japanese Occupation 
in the Second World War. 

The two were doomed on 
Saturday when the Pardons 
Board in Penang rejected their 
appeals for clemency and the 
Governor, Mr Tun Awang 
H assail, ordered the sentences 
to be carried out. 

Barlow’s lawyer, Mr Kaipal 
Singh, will attempt to ask the 

- ■o-' , ' — WHB 301- 

Governor today for a stay of tenced to death m August last 

Australian television stations 
and a newspaper and had been 
kept s ecret from the rest of the 
press corps. This has upset 
local and foreign newsma 

Barlow and Chambers were 
arrested in November 1983 as 
they left Penang Airport for 
Australia with 179 grammes 
of heroin. They were sen- 

j j r_ i _ • 

execution pending other pos- 
sible legal measures. But Mr 
Singh admitted that “barring a 
miracle the executions will be 
carried out and soon”. 

Mrs Barlow is also appeal- 
ing for clemency to Malaysia's 

year and their appeals to the 
Supreme Court were rejected a 
few months later. 

The Government's reluc- 
tance to hang women and 
whites was overcome three 
years ago when a 49-year-old 


^ •; -i-'r- 

JT-r V- • 

.. : 

King-elect, Sultan Mahmood grandmother was h»n g»d for 

IcIranHor v. ■ 

Is kandar . 

Normally executions are 

drug trafficking. It seems im- 
minent that the Barlow and 

carried out within live days of Chambers' case is about to 
the Pardons Board's decision, break the second barrier, 
but Malaysian authorities • Peer's protest: Lord 
have said reasonable time will Gifford, sponsor of the Na- 

be given for the next of km to tional Council for the Welfcre 
come from Australia. Howev- of Prisoners Abroad, said in a 
er, since they are already here, statement; 
there may be no need to delay “1 am deeply saddened by 
further. the taking of life m cases of 

The three women arrived this kind. I am appalled at the 

early as Thursday and any just hours after the Pardon decision on Kevin Barlow in 
delay will not exceed a Board's decision, highlighting particular because I believe he 
fortnight. one aspect of cheque-book may well be innocent” 

Barlow’s family afraid plea will fail 

The famil y of British born 
Kevin Barlow, facing a death 
sentence in Malaysia, yester- 
day said they expected a last- 
minute plea for clemency to 

Barlow's ancle, Mr BID 
Austin, said from his Stoke- 
on-Trent home that he be- 
lieved his nephew's late was 
sealed as soon as he was 

Mr Austin, aged 36, said he 
feared the Malaysian authori- 
ties had derided at an early 
stage to make an example of 
Bartow, aged 28, whether he 
was guilty or not 
Mr Austin said he had twice 
telephoned his sister, Mrs 
Barbara Barlow, since she 
arrived in the Malaysian capi- 
tal of Kuala Lumpur to make a 
last-minute plea for clemency 

Mr Austin said: “It will just 
fell on deaf ears, I should 

“I just cant see any way the 
Malaysian authorities will 
stand back from what they 
have already derided." 

Mr Austin said his titter 
was extremely shocked to be 
told of the Parole Board's 
derision to uphold the death 

A soldier delivers a karate blow to 
a supporter of the deposed former 
President Manns. He had beep 
arrested yesterday during riots 
which broke out daring a rally 
outside the armed forces military 

kills 15 

Bogota (AP) - A huge 
landslip that crashed across a 
highway in southern Colom- 
bia lulled at least IS people, 
according to official reports. 
Witnesses were quoted as 
saying 200 may have died. 

The disaster occurred op 
Saturday near the town of La 
Piragua, 22 miles from the 
Ecuadorean border. 

Witnesses said a smaller 
landslip blocked tire highway, 
and people were walking 
across the mud-covered area 
and buses were waiting when 
the second landslip struck. 

• ROME: The Pope, due to 
visit Colombia next month, 
yesterday expressed grief over 
the tragedy. 

headquarters ip Manila (UPI 

Five thousand Marcos loyalists, 
who tried to barricade the street 
with buses, hurled rocks and 
lobbed tear^as shells back at riot 

police.The loyalists had been 
expressing support for Mr Juan 
Ponce Enrile, the Defence Min- 
ister, after rumours that he had 
split with President Aquino and 
mounted a coup. 

Reagan standards aider fire 

Row over ‘vetting’ of judges 

From Christopher Thomas 

President Reagan launched 
a determined counter-attack 
at the weekend to ensure that 
Democratic opponents do not 
thwart his attempt to leave a 
distinct conservative stamp 
on the judiciary well into tire 
next century. 

He las been stunned by 
surprisingly successful Demo- 
cratic moves to block the 
process, which has already 
gone for enough to leave a 
lasting impression on the fed- 
eral bench. 

Although political vetting of 
potential judges is. Strictly 
speaking, disallowed, in reali- 
ty new judges tend to share Mr 
Reagan's conservative ideolo- 
gy and especially his strong 
anti-abortion opinions. 

All-clear on test 

Two small polyps removed 
from President Reagan’s in- 
' testines during ~a" Tree-hour 
medical examination on Fri- 
day were benign, his personal 
physician announced on Sat- 
urday. Mr Reagan was given 
the pews as he rested at the 
Camp David retreat. 

In his weekly radio address 
on Saturday he claimed that 
criticism of his judicial nomi- 
nations were politically moti- 
vated and denounced “parti- 
san use” of the Senate process 
for confirming nominations. 

' He said criticism of his 
nominations was aimed at 
qualified conservatives who 

simply foiled to conform to 
“liberal ideology”. 

Many legal scholars and 
Democratic senators however 
have criticised the standards 
of his appointments in his 
second term. 

A fortnight ago the Senate 
judiciary committee for the 
first time rejected one of Mr 
Reagan's nominations. They 
turned down Mr Jefferson 
Sessions as a federal district 
judge in Mobile, Alabama on 
the grounds that he bad made 
racially insensitive remarks. 

Last month the committee 
voted nine-nine on recom- 
mending Mr Daniel Manion, 
a conservative Indiana lawyer 
for a seat on the US court of 
appeal in Chicago. The full 
Senate will now vote on the 

Geoffrey Smith 

When f first flew into Oslo 
20 years ago I frit that Norway 
was a country very much on 
the edge of Europe, not only 
geographically but socially 
and psychologically as well. It 
was an impression confirmed 
on subsequent visits, and never 
more than daring the referen- 
dum campaign in 1972 when 
the Norwegians voted to stay 
out of the European Com- 

The principal reason for 
that derision was a fear that 
Norway's distinctive way of 
life would be Europeanized. 
"Life is good in Norway: don't 
let Brussels ruin it" - that was 
the tenor of much of the 
argument at that time. 

But the most powerful of all 
the impressions I received in 
Oslo last week was of 
Norway's increasing sense of 
European identity. The ques- 
tion of membership of the 
European Community is now 
coming back on to the political 
agenda for die first time since 
the referendum, and under the 
Labour minority Government 
that took office there is a 
deliberate Europeanizing of 
Norwegian foreign and de- 
fence policies. 

New generation 
with new ideas 


The interest rates on Abbey National's 
Five Star Account start high and rise 
automatically the more you invest - right ; 
up to our top rate of 7.75% . 


You get Five Star interest on all 
the money in your account, yet 
access is instant. You can 
withdraw up to £250 in cash or 

£35,000 by cheque each day from any 
Abbey National branch with no loss of 
interest, no penalty charges and no notice. 
If your money now earns less, move it 
up to Five Star interest at any 
Abbey National office. Or post 
the coupon. 


holds ‘US 

| From Alan Tomlinson 

The Nicaraguan Army says 
it has captured an American 
mercenary soldier fighting 
with US-backed rebels in 
southern Nicaragua. 

The Defence Ministry said 
the man, identified only as Mr 
lalio Waroes, was taken pris- 
oner a week ago in combat 
near the Costa Rican border. 
It described him as a “merce- 
nary agent” sent to Costa Rica 
“by his superior officers” in 
the United Slates to fight with 
the Contra rebels. 

Mr Waroes is believed to be 
the first American to be taken 
prisoner in the guerrilla war 
which has attracted a number 
of US citizens, some of them 
veterans of the Vietnam war, 
ro fight on the side of the 
. Contras who are trying to 

I overthrow Nicaragua's left- 
wing Sandinjsta Government. 
Two Americans were killed 
I two years ago when a Contra 
I helicopter was shot down 
I while. attacking a Sandinista 
army barracks. They had been 
members of Civilian Military 
Assistance, one ' of several 
private US organizations 
which assist the Contras. 

The capture of Mr Waroes 
□ear the south eastern Nicara- 
uan town of Nueva Guinea is 
kely to embarrass the 
Contras at a time when Presi- 
dent Reagan is having difficul- 
‘ r in persuading the US 
ongress. to renew official 
military supplies to them. 

The Contras recently cap-, 
tured eight West German aid 
workers in the same area, 
holding them for 25 days. The ■ 
released prisoners said they 
believed the rebels had hoped 
to capture armed East Ger- i 
mans in order to help Mr ; 
Reagan by demonstrating that < 
mercenaries from the Soviet | 
block were fighting with the ■ 
Sandinistas. I 

Aid to the Contras was cut , 
off by Congress in 1984 after 
the Central Intelligence Agen- j 
cy admitted having taken an i 
active part in the mining of i 
Nicaragua's ports. Since then. , 
the Democratic-controlled 
House of Representatives has 
agreed only to provide hu- ‘ 
maniiarian assistance to them. , 

Cobra plague 
keeps police 
on their toes 

Dhaka (Reuter) — Guards 
can't shoot and prisoners can't 
sleep because cobras are com- 
ing out of the woodwork in a 
police station near here. 

One. frightened officer 
found a snake in his desk 
draw, but followed orders not 
to shoot because disturbing 
sounds might annoy other 
reptiles nesting in the cracked 
walls of the 1 50-year-old 
building, the state-owned 
newspaper Dainlk Bang la re- 
ported yesterday. 

Hie officer said another 
cobra dropped onto his 
colleague's desk from a crack 
on the roof only a few days 

One officer told the newspa- 
per policemen and prisoners 
bad now been asked to stay 
awake at nights “to avert 
possible cobra assaults”. 

Another Norwegian appli- 
, cation to join the Community 
will certainly not come before 
the next general election in 
1989. Even then no party may- 
be willing to risk such a 
controversial initiative. So it 
may be that Norway will wait 
l either until the later 90s or 
until some nnfbreseen develop- 
ment precipitates the issue. 

But it now seems to be a 
question of when rather than 
whether. That is becaase of 
t the way in which attitudes are 
r shaping in the political parties 
’ and among other opinion- 

' Few of those who wanted to 
join in 1972 have changed 
their minds in the mean tune. 
A new political generation, 
which does not feel bound by 
that decision, has come along 
since then. There is also a 
special reason why a number 
on the left who opposed mem- 
bership last time are nod in 

It was accepted on both 
sides of the debate 14 years 
ago that one of the purposes of 
being in the Community was to 
solidify- the Western Alliance. 
For many on the left it was a 
particular reason for 

Bat now Europe is seen 
either as a potential third force 
between the superpowers or as 
a counterweight to the United 
States within the alliance. 
Anti-Ameri canism has there- 
fore become a reason for going 
in ratber than slaying out of 
the Commanity. 

That is why I found left- 
wingers in Oslo last week, 
whom I remember as passion- 
ately opposed in 1972, row 
clearly in favour. 

The same spirit, thongb in 
modified form, is evident m the 
new Government Its loyalty to 
Nato is not in question, but it 
wants to keep its distance from 
the United States and to 
strengthen European influence 
within the alliance. 

It might be unwise to make 
too much of the recent “foot- 
note episode” when the Nor- 
wegian minister formally 
reserved Norway's position on 
SOI at a meeting of Nato 
defence ministers. Such a 
formal expression of disagree- 
ment is not likely to set a 
pattern for Norway's conduct. 

Drawing closer to 
European family 

Nonetheless, it is indicative 
of the new Government's more 
critical attitude towards'-the 
United States. It is not only on 
the Labour left that Europe is 
nowjseeo as a balancing force 
against American domination. 

Tbe Europeanizing of Nor- 
wegian foreign policy has oth- 
er effects. There is no 
possibility of Norway becom- 
ing a member of Opec because 
that wonld be out of keeping 
with the country's position in 
the European family. Limited 
co-operation is the most that Is 
in prospect 

Under the new Government, 
there wfl] be more emphasis on 

the need for disarmament, 
more hopeful noises about' a 
Nordic nuclear free zone - 
though probably without any 
expectation that anything will 
come of the Idea - and 
possibly less evident assertion 
of Norwegian rights in its 
northern waters where Soviet 
forces are increasingly active. 

For Norway's neighbours 
the Europeanizing iff H$ for- 
eign policy may have a double- 
edged effect because it re- 
presents a tendency not only to 
associate tbe country with 
Europe bat also to distinguish 
it from the United States. 


* 4 _ 

*V - 

•.:••■'• £*< 
!l Kj 

.;. ■■• * l>nr 

• .' r ^2 
■ ur W ( . 

i- ■T'il 


‘ ^ 

•--! ’hsj. 

* . J 

; ' ^ s*. 


V *«**«. 
'. .. 

;■ 1 ‘ »!T\! u*. 

• ind^ 

'3 tat* 


'• rua ^ 

- ncr^iio 5 

'■■ 1 ,'n. 


i 'S 


Ui ' 

••'• •-* ( 1 * 
'• •• * era* 
• ^ 
- ' 3' JT. 

■>» %• 
i-’l'i "* 

■I' 'I* 

n.^ 5 . 
■ •■ ■::s” 

tf 5” 

■ • Kt2 

.i „«■ 

• •■• fc-a 

- .a - \ 

— •.* * 

* — .•tr‘ | 

j , i.Fj 

• • r.. n«. 

9 $\ isc 





Sikhs reject Delhi land 

transfer plan and bring 
accord near to collapse 


The accord cm Punjab be- 
tween the Sikhs and the Prime 
Minister of India is on the 
verge of collapse and confron- 
tation is building up between 
Punjab, where a Sikh-majority 
ruks, and Delhi . 

The Sikh Akali party, which 
rules Punjab, has rejected the 
new plan on the transfer of 
Chandigarh, which it has been 
shariog as capital with Harya- 
na since J966 when the bigger 
state of Punjab was divided 
into two states: Punjabi- 
speaking Punjab and Hindi- 
speaking Haryana. 

The crucial part of the 
accord signed in last July was 
Chandigarh's transfer to Pun- 
jab in exchange for “some 
Hindi-speaking villages'* from 
the state to Haryana. 

A commission, headed by 
Justice DA Desai, the Law 
Commission's chairman and a 
former judge in the Supreme 

From Knktip Nayar T Deflti 

Court of India,, will identify 
Ihe 70,000 acres of land which 
the earlier commission, under 
Justice ES Venkataramiah, 
awarded to Haryana in ex- 
change for Chandigarh with- 
out identifying 'the area. 

The Punjab Cabinet, which 
rejected the proposal on Satur- 
day. has said that the terms of 
reference given to die -Desai 
commission do not differenti- 
ate between Punjabi and Hm- 
di-speaking areas of ihe state, 
while under the accord only 
“some Hindi-speaking" vil- 
lages are to be transferred. 

Another Punjab objection is 
that while arguing before the 
Venkataramiah commission it 
had identified 43,000 acres of 
land which the commission 

with Mr Rajiv Gandhi, ex- 
pressed his willingness for the 
Desai commission to identify 
the balance of the 25,000 acres 
but not the entire 70,000. 

On Friday the commission 
had been asked to submit its 
report within 24 hours to 
enable the central Govern- 
ment to transfer Chandigarh 
to Punjab on June 21, a date 
which was fixed when January 
26. the date mentioned in the 
accord, could not be kepi. 

But the deadline was chang- 
ed to July 1 S after Mr 
Barnala's public statement 
that it would make “a mock- 
ery of judicial verdict". 

“accepted" but found “in- 

Mr Stujit Singh Barnala,the 
Punjab Chief Minister, during 
his two meetings on Saturday 

• AMRITSAR: Three chil- 
dren were hacked to death at 
Moga, 80 miles from Amrit- 
sar, and two suspected Sikh 
separatists killed in separate 
incidents yesterday in the 
Punjab (AFP reports). 

Dhaka takes control of enclaves 

Bangladesh has decided to 

■- set up two police stations to 
>1 of it 

take control of its two en- 
claves in the Indian slate of 
West Bengal separated from 
Bangladesh by a strip of 
— Indian territory, government 
officials said yesterday. 

From Ahmed Fad, Dhaka 

The decision was taken as 
Major General Mabmudul 
Hasan, the Interior Minister, 
flew at the weekend to 
Dabagram and Angorpota en- 
claves, the first visit by a 
senior Bangladesh leader to 
the hamlets since indepen- 

dence in 1972. “It is our land 
and we shall see that it 
remains ours," General Hasan 
was quoted as telling an 
enclave gathering. There have 
been violent dashes between 
Indian border forces and some 
of the 12,000 residents. 

wins prime 
TV time 

From Susan MacDonald 

An emotional welcome for the freed Beirut captives Philippe Rochot, left, and Georges Hansen, on their arrival in Paris 

Soviet captain accused 
over Greek tug death 

Athens (UPI) — Police 
charged the captain ofa Soviet 
cruise ship with manslaughter 
after the sinking of a Greek 
tugboat and the drowning of 
an engineer, a Merchant Ma- 
rine Ministry spokesman said 

Captain Constantine 
Sarokm. aged 55, skipper of 
the 21, 460-ton Feodor 
Saliapin, was also charged 

with causing a shipwreck 
through negligence. 

The engineer was drowned 
on Friday in the port of 
Piraeus when the Soviet liner, 
with 210 passengers on board, 
increased its speed before the 
tug, which was guiding it out 
to sea. could detach jtselffrom 
the liner. 

The tug capsized and sank. 
Four of its five crew members 
swam to safety. 

Christians held for not 

reciting Muslim creed 

From A Correspondent, Cairo 

Six Egyptian converts to 
Christianity have been de- 
tained over allegations that 
they “defamed" the Muslim 
faith: a charge which can bring 
them five-year prison terms. 

Egyptian authorities are re- 
luctant to discsss the case, bat 
it is understood the arrests 
began in January when Mus- 
lim co-workers at the Ministry 
of Social Affiura filed a com- 

plaint against Miss Emsu 
Mustafa Tewftk, who became 
a Protestant in 1978. 

Since her arrest, three mem- 
bers of her family and two 
from another family have been 
detained for refusing to recite 
the Muslim creed: “There is 
no God bat Allah and 
Mohammed is his prophet." 

Amnesty International is 
expressing concern. 

An emotional welcome 
greeted the two French hos- 
tages released in Beirut, on 
their arrival at Orly airport on 
Saturday evening! The mo- 
ment was transmitted live 
over the start of tiic Francc- 
Brazil World Cup match on 
France's second television 
channel, for which the two 

Viewers saw Philippe 
Rochot and Georges Hansen 
being embraced by their wives 
and children at the foot of the 
aircraft, while M Jacques 
Chirac, the Prime Minister, 
looked on smiling. Philippe 
Rochot. looking considerably 
thinner, said they had been 
correctly treated, with three 
meals a day. 

The released men were part 
of a four-man television crew 
abducted in Beirut last March. 
A total of seven Frenchmen 
are still being held, of whom 
one may have been kit!ed.The 
new Government's overtures 
to Iran and Syria are thought 
to have secured the two 
hostages* freedom. 

A breakthrough came when 
Mr Ali Reza Moayeri. Iran's 
Deputy Prime Minister, visit- 
ed Pans in May and in early 
June after Mr Massoud 
Rajavi. one of Iran's main 
opposition leaders, who has 
lived in exile in France since 
1981. left "voluntarily”. 

Tableware town 

losing its edge 

From David Watts, Tokyo 

Mr Hftashi Nakayama was 
feeling trader the weather and 
J not just because he had made a 
night of it 

He and his friends, fresh 
back from a trade show in the 
United Sates, have one snb- 
•• ject when they meet in die tiny 
! bam and restamants of 
Tsabame: what the strong yen 

- is doing to a town dependent 
r on selling a single product in 

export markets. 

No amount of alcohol soft- 
ens the reality that export- 
dependent firms like Mr. 

■ Nakayama*s stainless steel 
tableware company are under 
strong and perhaps fatal pres- 
sure. Already one or two firms 
have gone bankrupt. Officially 

•< about 209 jobs have, been lost 
.. but the trae figure is much 

■ higher when so-called part- 
.. time workers are considered. 

Mr Nakayama saw the 

1 same thing happen when he 
fived in Sheffield. What hap- 

- pened there » now happening 
‘ to Sheffield's Japanese equiv- 
alent Mach less of the town's 

2 stainless steelware ts being 
packaged for Harrods and 


Problems of the 
soaring yen 


r British Home Stores these 

- days. Instead the shipments 

• come from Taiwan and South 

- Korea. 

When the yen was traded at 

• 240 to the dollar (today’s 
exchange rate is around 250 to 
the pound sterling) Japan's 
km-tech industries . such as 
tableware, textiles, porcelain 

- and toys mopped up export 
orders in the US, the Middle 

n East and Europe. 

Encouraged by the Govern- 
; ment through the Ministry of 

• International Trade and In- 

• dnstryfMJti) in the eariy years 

• of Japan's post-war industrial 

- ascendancy, whole areas went 
over to the production of one 

- particular fine. 

Tsnhame, two boars on the 
bullet train north-west of To- 

' kyo, has specialized in knives, 

- forks and spoons for export 
since the 1920s, the latest 
industrial tine to supplement 
agriculture which the town has 
not been able to survive on 

- since the 1800s. Even today its 
_ factories, perched in the cor- 
ners of rice paddies, are 
monuments to the fragility of 

its industry. 

Tsnhame Is stainless-steel 
houseware. Practically the 

- whole town, with a population 
.. of 45,000, is dependent on the 

industry one way or another. 
. There are 1,500 firms taming 
out flatware with probably 
1 another 1.500 mother-and-fo- 

backyard operations 

polishing or malting 
the packaging. Working con- 
ditions are 
ment for polishing is 
calculated in sen, a ooe- 
hradredth part of a yen. 
Polishing work on a single 
fork starts at 60 sen. 

Mr Kikohei Sakatsame, 
aged 65, shows a mouthful of 
gold and silver teeth as be 
recounts how he and his wife 
Mftsai have had their noses to 
the grindstone Jor 40 yean, 
shaping and polishing 3,000 
knives and forks a day at three 
yen each. 

The rate used to be three 
and a half yen and now there is 
a "high yen penalty” - for 
every J 0,000 yea of earnings, 
the parent company cuts back 
payments to the Sakatsames 
by 700 yen. 

In a Western economy Mr 
Nakayama and Tsabame 
coold seek relief m buying 
cheapo: raw materials from 
abroad, from China or compet- 
ing South Korea. Ait die 
Japanese economy Is not von 


The intricate web of rela- 
tionships and arrangements 
means that the town's raw 
steel is bought by the Flatware 
Manufacturers’ Association 
from expensive Japanese steel 
producers who give 120 days’ 
credit. Imports, which do not 
endear Tsabame to Japanese 
steelmakers, most be pud for 

“The strong yen should he 
helping us but taxes, petrol 
and electricity are not coming 
down. If we were getting some 
of the benefits of this strong 
yen we could survive this 
redaction in income bat we're 
not getting any benefit The 
big trading companies do all 
the importing and they don't 
reduce their prices,"says Mr 
Hidettari Sasaki, who runs a 
bonseware firm. 

The Japanese Government 
is ready with loans far firms 
whose exports have declined 
by more than 20 per cent over 
fast year's figures hot the 
interest rate is comparable to 
that on the open market 

Since January a land of 30 
bfllion yen has been available 
to help firms switch to prod- 
nets for the domestic market. 
Few firms appear to have 
taken np the offer. 

In Tsnhame the reason for 
that is quickly dean no-one 
has any idea what to switch to. 
Japanese may dine out in 
Frendtaad Italian restaurants 
but whether they eat hamhmg- 
ers or sushi at home, they 
oearty always use chopsticks. 

Beyond hotels, restaurants, 
dabs and companies there is 
no market for flatware in 

Tomorrow: Imports 


Mr Itoshi Nakayama* rfefct, who has seen ft aRS fore in 

Sheffield, W teFIather contemplate a grun outlook. • 

•• / .'.I 

&%lX : f • ■■■■' V f 

: o ••• -wrar<k-m< 

is noiamg a s^^tt;iteinars for the 
usmessmen. (Who\l rather not be following.) 

\ * 

v.* # ‘ s. 

• ; "J 


■* y f j: v-i- 

■IW v 

y.'.v ;y..\y 

" ■'" ! ■"» ^ 


... i;/ 1 '?. \ ! # # • .. 

'• ' *. m * . • A. 

• ; x v a 

:;.v < 
:-i r >v 




v -Vi •• 


r.ais ^ 

\ c 

Ji/- ■ * ' • ’ j 

_'iv 'X 


■ ? . xjiG&y 

v (:•. -,x. 

•V7 ~ p :. i/.v y .. v 



4 X it' 

■ ! . 


(iv*. « 

: 1 . 

Tick the box that applies to you, and well invite you to a seminar that applies to you. 

□ Accountant 

□ Advertising Executive 

□ Airline Operations Manager 

□ Architect 

□ Builders Merchant 

□ Caterer 

□ Chemical Engineer 

□ Construction Controller 

□ Data Processing Manager 

□ Design Engineer 

□ Distribution Manager 

□ Estate Agent 

□ Estimator 

□ Export Manager 

□ Farmer 

□ Financial Analyst 

□ Financial Planner 

□ Fleet Manager 

*□ Hospital Administrator 

□ Hotel Manager 

□ Insurance Broker 

□ Inventory Manager 

□ Management Consultant 

□ Marketing Manager 

□ Market Planner 

□ Market Researcher 

□ Mechanical Engineer 

□ Motor Agent 

□ Office Manager 

□ Personnel Manager 

□ Pharmacist 

□ Printer 

□ Process Controller 

□ Production Controller 

□ Production Control Manager 

□ Production Engineer 

□ Production Manager 

□ Property Manager 

□ Publisher 

□ Public Relations Executive 

□ Purchasing Manager 

□ Retailer 

□ Shipping Manager 

□ Solicitor 

□ Stockbroker 

□ Subscription Manager 

□ Stock Controller 

□ Telecommunications Manager 

□ Transport Manager 

□ Travel Agent 

□ Underwriter 

□ Warehouse Manager 

□ Wholesaler 

How little can I computerise my business for? 

How much would it save? 

Would 1 need to re-train my staff? 

How long would it take to install? 

Is it worm the effort? 

To find out the answers will take just 3 hours 
of your lime. 

In your seminar, well be discussing your type 
of business. 

You‘11 learn what mini-computers can do. And 
what they can't do. 

In just 3 hours you could catch up on 20 years 
of technology. 

If you're interested please send us the coupon 
right away. You'll soon know what all leading 
■businessmen should know. • 



Company name. 
Address . 


Company telephone number. 
Number of employees 

Si>ndui:P<fflnyJanw4.1BMlnUcdkinplwnLlmii«L S SK -_ = 
FREEPOST. London ft 4 5BR. or telephone (H-W3 t * Wl. SSTS 7 S 

/• / 


When British Caledonian From July 1st, we’ll be the passengers. With chauffeur 
say we take you to Hong Kong, only airline providing a full driven limousines before and 

we mean Hong Kong. door to door service for First after your flight. 

Not Hong Kong airport. and Super Executive Class Instead of leaving vou in 

Instead of leaving 


$p mrnm 

+ *<>. V 

Uu*J ^ 



j JnC^* the arrivals hall 
_ . „ $ and a wave goo< 
X ':?' h waiting With a{di 

r c " to take you anvw 

with a smile 
Ibye, we’ll be 

ritish Caledonian. 


Kong andthe New Territories, out more about the airline that 
„ h you re going to Hong really goes to town. 

7v?P ro f h T l ™£ n , , With British Caledonian 

■ ■ J 1 ^ 1 for a leaflet and find you book a journey, not a flight 

— — British Caledonian 





A fierce planning battle is shaking the 
traditional, solid conservatism of 
Lewes in Sussex. Bryan Appleyard 
reveals the symbolic crisis of conscience 
now afflicting the local Tory squirearchy 

Yeoman guard is 
called to arms 

Taking to the streets: Professor Bernard Harrison (above) in Lewes, 
a town mtsettled by die proposed development (site and map, left) 

The yeomanry of Lewes — academ- 
ics, traders, conservationists and 
Giorgio, the proprietor — met ax 
Aladdin's Cafe, on South Street, with 
its deep-buttoned banquettes and 
wood-effect Formica. With a 1.100- 
year history of defensive warfare at 
their backs, they were once again 
stiffening the sinews and summon- 
ing up the Mood. Wahrose wanted to 
build a superstore — but here were a 
score of Sussex men who would 
know the reason why. 

Yes, it's a planning battle like a 
hundred others. British Rail wants to 
sell a spit of marshy land, stretching 
along the River Ouse into the town 
centre. From the Dark Ages it has 
discouraged builders, but now, by 
raising the land almost seven feet 
and improving the drainage, a 
superstore can be built, plus 124 flats 
and houses, 34 sheltered housing 
units, public lavatories and 300 car- 
parking spaces. It is a neat 
developer’s package, combining wel- 
fare-compassion. social need, jobs, 
an up-market grocer and an amenity 
— a new lake has been thrown in — 
but the yeomen were not fooled. 

They would fight as they had 
fought before to save their town, but 
this time the rules of war have been 
curiously changed. The political 
dimate for such set-piece confronta- 
tions has been transformed, and tire 
Lewes battle has become symbolic of 
the crisis of south-eastern affluence 
and the crisis of conscience within 
the Tory squirearchy. 

The fight became big news just as 
Nicholas Ridley, the new Environ- 
ment Secretary, had been heard 
musing about the environmental 
problem of the south-east. Economi- 
cally, it has raced ahead of the rest of 
the country, and that has created 
development demands which it can- 
not accommodate. 

Lewes is the county town, littered 
with architectural gems and home to 
a large collection of bouses faced 
with mathematical dies, deeply- 
glazed earthenware masquerading as 
bricks. Tom Paine lived here, as did 
Anne of Cleves, and the Prince 
Regent rode a coach and four down* 
Keere Street for a bet It is evidently 
in need of protection although it 
would suffer if turned into a 

It has never found a way of living 
comfortably with the car or with its 
proximity to Brighton and East- 
bourne. The only nver crossing used 
to be the narrow, hump-backed 
Cliffe Bridge, and lorries were, for 
some time, in danger of shaking 
South Street to pieces. The Sixties 
solution was an insane scheme for an 
inner relief- road. That was aban- 
doned In favour of a bypass and 
subsequently the Cuil&fl TunneL 
This took traffic under the immense 
chalk cliffe looming over the town. 

Traffic almost vanished from, the 
town centre, but has now risen again 
thanks to a large and very ill- 
designed Safeways and to the in- 
creasing use of the town as an 
alternative centre to Brighton. In 
1979 a district plan allowed for 
development of the railway land, 
but; last year, along came Waitrose 
and the developers Farm cote with a 
scheme that increased the permitted 
commercial element by half The 
battle was on. 

It immediately became dear that, 
as one councillor put it, “the wisdom 
of 1979 had given way to the reality 
of 1985”. 

The solid Tory district council was 
all set to give planning permission. 
The county council, Tory by virtue 
of a chairman's casting vote, said 
there were no highway criteria to 
stop the development, even though 

h would raise traffic in the town to 
pre-bypass levels. And the town 
council — well the town council isn't 
exactly involved, but the mayor, 
Joanna Hallett, made the obviously 
coded remark that Lewes could not 
be a museum and suggested that the 
meaning of die SOS signs stuck in 
people's windows should be changed 
from Save Our Streets to Serve Our 

When I met her at the Egon 
Ronay-recom mended Lunch 
Counter in the pre s e nce of a few of 
the yeomanry and a Liberal county 


councillor, the mayor seemed stead- 
fastly old-style, conservationist 
Tory, but another coded message 
emerged as she left. She insisted, 
twice, that I talk to the district’s chief 
executive. District is strictly 
Thatcherist and its constituency of 
newcomers and the retired has no 
time for qualms about tasteful 
Lewes. Wealth-creation is what they 
want the Eighties are not an age fix 
dithering about traffic problems. 

The battle lines, in feet, are 
somewhat blurred. The anti- 
Waitrose lobby is not. with' a few 
exceptions, arguing that the land 

should not be developed at all — 
merely that any development should 
be a good deal smaller. That is 
Eighties “realism" as compromise, 
and behind it lies the guilt-stricken 
sense that opposing any develop- 
ment whatever suggests you are 
somehow standing in the way of 
precisely the kind of thing that will 
help to take people out of the dole 

The perhaps over-reasonable yeo- 
manry are an odd bunch. Academics 
from Sussex University made the 
most noise by writing to The Times. 
They are led by Bernard Harrison, 
the amiable and. droll philosophy 
professor, much given to show- 
stopping quotes like; “This develop- 
ment renders the tunnel nugatory; 
that is the gravamen of this dilute.” 

Sceptical of the sudden mobiliza- 
tion of the academics .and some 
inaccuracies in The Times letter is. 
Elisabeth Howard, a Labour veteran 
of previous set-piece Lewes conser- 
vation . battles. But she is on the 
academics' side when it comes to 
Waitrose. Residents' associations, 
meanwhile, have sprung back into 
life everywhere. • 

Indeed, within the densely-packed 
centre of Lewes itself it see m s 
impossible to find anybody in favour 
of the scheme. The problem is that 
the only council repre se nting Lewes 
alone is the town council, which has 
no power in ! the matter, and all 
around is wealthy semi-rural East 
Sussex that would like nothing more 
than better local shopping. 

Yet there are — mainly Alliance — 
friends at county level who have 
flung bade the county council's 
snooty nothing-to-do-wth-us atti- . 
tude by forcing the highways depart- 
ment to look at another traffic 
scheme for the town centre. It is a 
move intended to cause embarrass- 

ment The scheme involves widen- 
ing a road to make it two-way, only 
possible by • knocking down the 
recently-built Boots the Chemist. 

The official county attitude, how- 
ever, is that of Councillor Hairy 
Hatcher, chairman of highways, who 
claims they have said all they need to 
say constitutionally by their com- 
ment that there is no rimpfe traffic 
reason for refusing the scheme. 

Apart from the Boots commando 
raid, however, it seems to be simply 
a question of waiting until the public 
inquiry opens on August S. Oppo- 
nents are aware of a dangerous calm’ 
the people who actually want the 
scheme are either impatient district 
councillors or merely silent In the 
Seventies those opponents may have 
been able to resist any development 
and win, but what about the realistic 
Eighties when even the rural Tories 
speak with finked tongues, paying 
lip-service to conservation but also 
wanting to do the right, hard-edged, 
wealth-creating thing? 

For the south-east it is the price of 
success, the penalty of affluence that 
draws in multiple stores and proper- 
ty developers as if the north didn't 
exist. Such developers can no longer 
be categorized easily as a Bad Thing 
Unemployment, however, is— audit 
leaves the middle Masses with their 
conservationist instincts at war with 
their soda! consciences. 

The development will leave a 
town of 16,000 with two 30,000sq ft 
supermarkets. The only rationale for 
such a ridiculously high density of 
shopping is 'that Lewes is being 
exploited for the hardened populace 
in the fields outside and, after 1,100 
years, that is not good enough. It is 
not often that the full-blooded, 
build-nothing, conservationist pos- 
ture is right — but in this case it is. 

OTtaw NawspapmUmltMl. IMS 

Marriott Hotels 


Summer Sale. 

Up to 50% off. 

PARIS, Avenue George Vs LONDON, Grosvenor Square: 

AMSTERDAM, Leidseplein: ATHENS, Syngrou Avenue: VIENNA, Parkring. 

It makes even more sense to 

use Marriott hotels in Europe now 
that we’ve reduced our prices bv up 
£0 50%. 

The central location of our 
hotels make them perfect for both 
meetings and entertainment while 
our in-house business facilities and 
first class accommodation provide a 
superb business environment — but 
now at a reduced price. 

The Marriott Summer Sale offer 
— it's a better way of doing business. 
For details & reservations 
phone London 01-439 0281. 

♦Reductions varvfrom one hotel 
to another 

♦Offer available Monday to 
Thursday inclusive. 

♦For details of our Vfeekdend 
Summer Sale, with prices at 
£49-00 per room per night, from 
Friday through ro Sunday, ring 
the number opposite. Taxes not 

* Offers, subject to availability, 
apply from 1st June to 31 st August 
1986. Max. 3 persons per room. 
No groups. 



Theatre of life or death 

How two British 

puppeteers are 

helping to halt the 
inarch of deserts and 

famine in Sudan 

At Shendi in northern Sudan 
two British puppeteers, Ann 
Shrosbree and Bill Hambtett, 
have bnflt a poppet theatre. 
Sitting under the desert stars, 
op to 1,000 villagers watch a 
simple poppet drama. 

In the stoiy. Granny Fatima 
tells her lazy grandson AH to 
take their goat to graze on the 
one remaining tree in the 
vicinity. The tree is actnaDy a 
genie or tree spirit which 
avoids AlTs axe by blowing 
smoke in his face. It urges AJi 
to plant trees to shelter the 
land and restore life to the 

By adapting stories from the 
rich northern Sudanese folk- 
lore tradition ami by training 
local puppeteers to give shows, 
Shrosbree and Hamblett are 
promoting the simple message 
that trees halt the march of 

Local schools and yoath 
dubs have hero involved hi 
writing scripts for the shows 
and the participation of wom- 
en. who are usually left oat of 

Puppet-masters: Ann Shrosbree and two Sudanese helpers 

¥ Th 

e London 
Look in 
Country life 

Th<ulrtntote auk m (be LsaJun 

vow. TIm > the c»stiwvr Lmdisi 

NwnbtrW Cmmrn Life. The best *ai 
hfI>«A your hen. BunLqiKtniK 
RernNiucrtn pi >pjiK wperk And h» 
the hleal medium forieachftifiihenip 
snnfr-aecTii«i<4 upmkwvfcinncTi. 
Han yi»n liTkifi iratrv- 
Gfilaa Nigel Lndter. 

V 01-261 5401. 

agricultural extension work, is 
considered ritnL An early 
objective has been to encour- 
age women to build more 
energy-efficient household 
fires (requiring less wood) and 
to realize the potential of trees 
for cash income (through, for 
example, berries, nets and 

At tire same tone the 
project, managed by forester 
Stephen Bristow, has bnflt tree 
nurseries for raising 
which the communities 
plant in shelter belts and wind 

The poppet shows have 
proved so successful in stimu- 
lating interest hi trees that 
other development agencies in 
Sudan now want to organize 
their own. 

Setiy Band AH is now 
its £60 million or so 
raised in the past year to fight 
drought and famine in Sudan 
and the Sahelian -belt, and one 
of tiie organizations to benefit 
is the British charity, SOS 
Sabd, originally set ap ' in 
1983 by Baroness Jane Ewart- 

The tree-planting pro- 
gramme is. its first major 
project It has identified one of 
foe bottlenecks in foe whole 
process of desertification lead- 

ing to famine as lack of basic 
extension facilities for agrfetd- 
tnre — for it is no ase giving vQ- 
lagers a fast-growing tree 
seedling if they do wot have the 
know-how and tools to tend it 
The idea of using local poppet 
groups to get foe message 
across was pioneered by Great 
. Deserts, another British 

SOS Sahel's executive di- 
rector, Dr Nigel Cross, is 
somewhat different from the 
dozens of eager apoaomists, 
sociologists and self-appoint- 
ed Third World experts. He 
has a doctorate in literature. 
“If yon have a degrde in 
English literature you are not 
an obvious candidate to Save 
the world* - any more than a 
pop star”, he says. “However, 
I believe literature is as good a 
t raining as any other for 
sensitizing one to anthropolog- 
ical and soda! Issues.” 

So it seems that plays, 
drama and Hteratnre are dear- 
ly untapped areas in the 
development process. Come in 
Peter Brook . 

Andrew Lycett 

Further information . from 
SOS Sahel International , 22 
Baron Street. London HI 01- 
837 9129). / 


game, set 
and profits 

Today’s tennis is 
Andrew Duncan 
finds that business 
is really booming 

T oday at Wimbledon 
the healthy “ping” of 
cash registers will be 
as eloquent as the 
“plop” of a wdl-struck fore- 
hand smash on the centre 
court, for the Ail England 
Lawn Tenuis & Croquet Club 
will be counting its income of 
about £1 million a day. 

The unmistakable whiff of 
affluence and privilege, 
which still pervades one of 
Britain's premier sporting 
events, has been capitalized 
on with great skill to hype it 
into very big business indeed. 
The championship, which 
began in 1877 to raise money 
for repairing a pony roller on 
the croquet lawn, has seen 
profits increase from 
£300,000 in 1979 to 
£5,373,444 last year. 

Die club has resisted spon- 
sorship and makes money 
from licensees, television, 
marquees and ticket safes. It 
employs two promotional 
consultants — Bagenal Har- 
vey and the International 
Management Group — who 
have offices near each other 
in the West End but are.light 
years, apart in ideology. 

They are rigidly correct 
about each other, as people 
are when drawn together by 
the common bond of money, 
but their different attitudes 
induce some schizophrenia 
within foe dub. It was IMG’s 
chairman, Mark McCor- 
mack, who devised the idea 
of marketing foe Wimbledon 

name in 1978. Throughout 
the year, at least 10 of his staff 
world-wide • work on 
merchandizing, co-ordinated 
in London by Ian Todd. 

“It’s grown immensely”, 
says Todd. “We developed a 
logo which we call the ‘Flying 
W’ and licensed it as a trade 
mark. You can’t stop a 
company putting foe name 
Wimbledon on their product, 
because it's foe name of a 
town, but what we sen — 
apart from prestige, heritage 
mid tradition — is foe expo- 
sure that Wimbledon gets on 

At present more than half 
die £1.5 million or so royal- 
ties from licensing come from 
Japan. Wimbledon market- 
ing director Rob McCowan 
proudly displays some of foe 
products. “There's a. neck- 
lace: tennis jewellery is im- 
portant in Japan. And they 
like things like spectacle 
frames - you see foe subtle 
Firing W on foe side of those. 

“This year in England, to 
celebrate the tenth anniversa- 
ry, we are producing a poster 
(£4.50, unfiamed) on good 
quality paper. We are. also 
putting our newjogo on foe 
necks of champagne bottles, 
and we have prepared some 
gift items for the first time: a 
nice soap fbr £3 made by the 
Queen's suppliers, Elizabeth 
Shaw chocolates for £1.99, 
Wimbledon jam made by 
Tiptree and selling for £1.35, 
and a super large bath towel 
for £15.” 

Bagenal Harvey, mean- 
while, administers most of 
foe tasteful advertising with- 

in foe grounds of foe dub — 
foe centre court scoreboards 
(Rolex), balls (Slazengcr) and 
drinks (Robinson’s and Coca- 
Cola) for which foe compa- 
nies pay a fee estimated at 
£150,000. “The figures are a 
closely guarded secret", says 
Bagenal Harvey’s managing 
director Geoff Bluett. “A lot 
of people would like- to have 
signs on foe centre court, but 
the club doesn't like advertis- 
ing, full stop.” 

In 1976, his company su&' 
gested to Commercial Union, 
who then sponsored foe ten- 
nis Grand Prix, that they 
should erect a marquee on 
one of the hard courts and 
invite guests. “It was a quiet 
way of letting people know 
that this sort of facility could 
be available", says Bluett. 

This year there will be 44. 
Bagenal Harvey administer- 
26, IMG nine, and for foe 
first time foe dub will be 
organizing nine of their own. 

C osts are not dis- 
closed but foe aver- 
age total including,, 
marquee, foody • 
drink and flowers for enter- 
taining one person per day at 
Wimbledon, is £170. 

Town and County, who do 
all the catering, often find 
themselves criticized for the 
annual “Great Strawberry 
Rip-off". “For some reason, 
strawberries are an emotional 
issue at Wimbledon”, says 
marketing manager Michael 
Tierney. “We can’t win. If we 
buy foreign strawberries be- 
cause they are cheaper, we get 
flack. Andif we stick to foe 
more expensive British ones, 
we also get flack.” * 

“There is a list of 100 - 
companies waiting to use foe 
marquees and almost certain- 
ly we could increase the 
price”, says Bluett. “But my 
indination is not to sting 
people just because it's Wim- 
bledon and we have a 
monopoly.” Indeed when 
Austin Rover, who supply the 
players' cars, had financial 
difficulties, charges for their 
marquee were waived. Even 
now. they pay less than the 
normal rate. 

Membership of the All 
England club, perhaps the 
most exdusive in the coon- 
try, is inextricably linked to 
foe finances of Wimbledon. 
There are only 375 members 
and a waiting list of 900 — 
about seven of whom will be ; 
given membership during foe 
year. “We only fill dead 
men’s or ladies' shoes", says 
secretary Cfiris Gorringe. 
“Members are privileged, but 
they undergo quite a lot of 
hassle — with all the mar- 
quees they can't play on a 
hard court for five or six 

It costs just £25 a year. In 
addition to a seat in the 
members’ stand on the centre 
court, members are entitled 
to buy two centre court 
tickets for each day at one 
third the regular price. 

E very five years, the 
dub sells 2,100 de- 
bentures to help cov- 
er capita] costs, 
which also entitle holders to a 
seat on foe centre court Die 
current ones have a basic 
price of £500 and a premium 
of £5,000, plus VAT of £750. 
They are traded on the Lon- 
don Stock Exchange (the 
price this month is £16,615) 
and foe best way to become, a 
holder is to buy in now and 
then renew automatically 
when the next issue is 

By the terms of a 1934 
agreement championship 
profits are given to the Lawn 
Tennis Association fbr the 
promotion of tennis in thi< 
country. So why are there so 
few good British players com- , 
pared with Sweden, which 
has a fraction of foe budget? 

“We have only been afflu- 
ent for the last few years”, 
says Ian Peacock, executive 
director of the LTA. “We are 
embarking on a five-year 
programme to build 100 in- 
door courts, and it is likely to 
be a few years before we see 
foe fruits of our efforts.” 

But it's good to know that 
Britain still ensures that the 
souvenirs are tasteful 

CmnMM Nwnpapan Ud, 1888 

: t 






I Ancient Cambodians 


4 Crew compartment 


8 Of sound (3) 

9 Musquash (7) 

10 Ant bear (8) 

II Documents fofeer{4) 
13 Oahu naval base 

(*6| . 

17 Habitual procedure 


18 Lj^Irt meal place 

21 Italian gypsies (7) 

ZZ l&thcent thin scaif 


23 Significant (7) 

34 Cape Province peo- 
ple (5) 


1 Arab citadel (6) . 

-2 Lesser (5Y 
3 Recupenzion(8) - 

4 Including all (!3> 

5 Expenditure (4) 

6 Porch (71 

7 Walk unsteadily (6) 
'12 Christ's cross (8) 

14 Having died out (7) 

15 Shamdess(6) 

16 Powerful shock 167 

19 Irish lad (3) 

20 Smear (4) 




% 2 Q 


.: Ju . a »dBjSS» 



■ V *** 
f ni 2 

lc :iing 


-■ ■/**-. »*e ~ ■ 


'"’-me/** -.1 



^ lie dS; 

"«* at 


^ -• 

■■•arqu Cf ,. 

: ' C Sj t - 

- •r^ pa ?*w 

- 7 -»"d f tiuon.|L 

" tWn *t ofa; 

• -'• '-'nucradfr 
•. ‘‘.arai $tt* 


- : Ainblic, 

• - • ; jr.anagEr^o 

•'" nonhJt 

' re:- u* " 

: •■ ■'iack. - ' 

"- 2 ha dfc „ 

' •'• ‘-'".'ngiug ~ 

■■ ~ r - iiC!(!3ej 

- ■ 

' "• “rj d; 

- ' '‘■.ViUSKR 
*c b> 
Isfflti r 
■' •■‘iJOiijF 

■■ •■'. ixe 


• ••- *i!»££l 

The meeting, man over-bright hotel 
room in 'Dublin south, was one of 
dozens held all over, the Irish 

If Republic last week. The audience of 
less than 100 represented. a cross- 
section of the men and women in 
NuaiaPomeD’s constituency. They 
had come to air their prejudices, 
share their concerns and, to varyin g 
“ /degrees, stand up and be counted. 

*r The object of their a grrorrin g was 
"'.the. republic's latest political hot 
.potato: divorce. . 

_Perc*ed on hard chairs beneath. 
‘JT -EuL c h a ndel iers,' the' doubters, the 
2 ^desperate and . the intractable 
brought the debate, which has beat 
£ : cbaBcngmg bishops and statesmen. 
•» firmly down to earth. 

£ : The discussion, organized by the 
Pine Gael pro-divorce lobby, rico- 
cheted geographically from heaven 
to Dallas (Fennell: “it’s ludicrous to 
- compare . Irish society with Dallas , 
» -we’re along way behind that”), with 
v - frequent questions couched is die 
jn thfrd. person when the anxiety was 
^ clearly personal, 

£■ ■ One well-dressed woman made a 
^ .vehement little speech which began: 
£ “How realistically possible fora 
middle-aged wife with five children 
to exercise her right to remarry?” 
and then left. 

- '“She's -off to tbe next meeting”, 
hissed her heigbboor. “A plant,” 
Several of the audience had bard 
.tiie same woman ask the same 
-question at a pro-divorce coffee 
•morning earlier m the week. • ■ 


Fennell, the Minister of State for 
Women’s Affairs, opened the flood- 
gates of reform when die started a 
battered wives 1 home in 1975. She 
first spoke out publicly m favour of 
divorce on television at the begin- 
ning of the 1970s and caused a 
backlash of moral outrage. Today 
there, are an estimated 70,000 
broken marriages in the republic, 
out ofa population of 3,5 mdlion. 

tenneU’s interest, as sheiold 
the meeting, has been “in 
the woman’s role in mar- 
riage breakdown” A major 
part of the current anti-divorce 
propaganda Campaign is being di- 
rected towards women in a last- 
ditch, effort to capture the female 
vote in Thursday’s historic referen- 

“The First Wife could be di- 
vorced against her will . . . would 
lose her Inheritance 
Rights . . . could have the Family 
and Home in which she lives sold 
without her consent - . . would al- 
most certainly receive no 
maintenance”, warns the Anti- 
Divorce Campaign. 

“Divorce Hurts. Have Compas- 
sion for the Loyal Partner and 
Children. Vote No”, says the anti- 
divorce group Family Solidarity. 

“Evidence is now emerging that 
very few separated and deserted. . 
women want to remarry”, claims 
the -recently formed Women 
Against Divorce, describing the 
proposed no-fault divorce amend- 

This Thursday, the 
Irish people will 
- vote on the thorny 
issue of divorce. 
Sally Brompton heard 
the arguments, 
both for and against 

them as “anti-woman; anti-family; 
anti-Christian and anti- 
e o n sti t m ion”. 

“If some of the outrageous anti- 
divorce posters were subject to the 
Trades Description Act, the groups 
would be prosecuted”, complains 
Nuala Fennell. ' 

While some women still try to 
. unravel the legal, political and 
religious implications of the pro- 
posed legislation others see their 
decision as clear-cut 
Breda had not intended to speak 
at the meeting; but she was so 
incensed by the anti-divorce dogma 
presented by the flying agents 
provocateurs that she rose involun- 
tarily to her feeL Breda had fallen in 
love with Kevin, a chartered ac- 
countant who was legally separated 
from his wife. When his wife 
applied fbr — and received after 
three years — a Church, annulme nt, 
Kevin and Breda married. Both 

practising Catholics from strict 
religious backgrounds* they had a 
white wedding attended mainly by 
dose family. 

Thai was 11. years ago. Today, 
Kevin, aged 47, and Breda, 43, live 
in a comfortable detached house in 
a middle-class suburb of south 
Dublin. They have two children of 
their own (Jane, six, and Garrett, 18 
months) and, for the past five years, 
Kevin's three children by his first 
marriage (Paula, 20, Niafi, 19, and 
Peter, 1 8) have also lived with them. 

However, in the eyes of the law, 
Kevin is still married to his fust 
wife and is. guilty of bigamy. While 
legally Jane and Garrett are illegiti- 
mate, as far as the Catholic Church 
is concerned it is Paula, Niall and 
Peter who are. 

Despite being happily — if illegal- 
ly — married and apparently philo- 
sophical about her situation, Breda 
could not prevent herself bursting 
into tears while telling her story at 
the meeting. At home the following 
morning she explained the anoma- 
lies of ter non-marriage. 

Her main concern is the fact that 
legally her children have no rights of 
inheritance to their father's estate. 
While Kevin can lave up to 
. IR£ 150,000 tax-free to the children 
of his first marriage, the tax-free 
Until for bis other two children fa 
IR£ 10,000 — no different to that of 
an unrelated beneficiary. 

“I am lucky because Kevin fa a 
very sound man”, says Breda, “but 
ffbe bad turned out to be a bad hus- 

band I would feel very insecure, 
because there's nothing to stop him 
walking out of the bouse tomorrow 
and I wouldn't be able to claim a 

“Legally. I am an unmarried 
mother and I hate that. Emotionally 
and mentally I am fine, but the 
older I get and the older onr 
children get, the more concerned I 
become about what wifl happen to 
them when Kevin dies.” 


reda continues: “I also 
think the Church should do 
more to campaign towards 
r legalizing church marriages, 
otherwise they're encouraging peo- 
ple to break the law. They didn't 
particularly point out to me that this 
would never be a legal marriage. 
Probably if we hadn't been church- 
going people we would have 
thought more deeply about it, but I 
felt mamed because we are church- 
ting people. I wasn’t any different 
my sisters, because I was also 
married in church.” 

“Legally, we're in a mess”, Kevin 
says. “To me. it’s not a religious 
question at afl: I go to mass and 
shall continue to go. jt's a social 
question and a property question 
and 1 think that the present situa- 
tion is so utterly absurd that the law 
should be changed, bringing in 

“In the eyes of the Pope I am 
married to Breda, and in those of 
the President to my first wife.” 

onmw Mtwapapffs Ltf, 1SSS 

Deserted mother, 
against divorce 

-.Vary Mastarsori 

'I am angry 
about what 
was done 
to me and 
mv family' 

f x&J 

•••-— -m* 



w* a 

T * 

. OMaiy Masterson was under 
f the impression that she was . 

, happBy married until her civil 
■ engineer -husband of 22 years 
7 sold their IR£ 88,000 family 
/ home, took the money and left. 

- her penniless with four chfl- 

- dren, three of them still at 

■ schooL -■ • • 

•v..- Yet despte berown eXperi- - 

■ cnce, 55-ycar-old Mary^wilt be . job in. inr insurance office 

- voting- a ; fervent “ruT-in Naming IR£5j80Q a year: 
Thurs day’s • - <H vrifee y. •“! am tiol a ptar^r typ 

• referendum, y.- ' : - v say? Mary, who is *rC 

^’•“Marriage is morethan a.anda member .-of the ruling 
relationship” she says. “Ttisa ’ Fine Gtel party. “Fir from it 
.• coramitment to the welfare of - I feel extremely angry and 
a whole family unit. The fact ^resentful and : bitter about 
: that one member has gone what .was done to me and my 
doesn't give the state the right family, . But 1 believe in mar- 

to say this is no: longer a 
family’.*' . - 

Today, six years after her 
husband vanished from her 
life, Mary and jier children 
(Eoin, 25, Ann, 24, Eamon, 
23, and Godot, 14) live in a 
three-bedroom local authorfty 
house which costs her IR£I 9 a 
week Mary har c~part-fime 

riage and yon donl get any 

- guarantees of happiness when 
you marry. I made a lifetime 
commitment and I made .it 

. voluntarily. 

“In a nutshell, divorce is the 
legalization of desertion and I 
object to the feet that the stale 
should be able to ted me that 
my family ito longer exists as a 

4 legal unit. I don’t want to be 

- an unmarried mother. . 

“I think. 

• Despite the fact that Ann 
Carolan has a British divorce 
and married her second hus- 
band, John, in an English 
register office in 1982, in 
Ireland their four-year-old 
daughter Charmaine is legally 
the child of Ann’s first hus- 
band, Dennot, whom she left 
in 1977. In the Irish Repub- 
lic, foreign divorce is not 
recognized for a woman. 

- Ann, a 38-year-old medical 
acupuncturist, also had to get 
Detmot’s permission in order 
to buy a house with John, 
with whom rite has lived 
since 1978, and a written 
disclaimer from Dennot to 
say that he had no rights to 
the family home. 

Ann’s two daughters by her 
first marriage (Isolde, 13, and 
Vanessa, 10) live with her, 
John and Charmaine in the 
four-bedroomed house in 
Glasnevin to the north of 
Dublin. Ann andher children 
have changed their name by 
deed poll and the couple have 
made- their wills to overcome 
the inheritance problem! The 

more marriage 
•will" break up ifr we legalize .. gjrfe goto an intenfenomina- 
divorce. You’re releasing peo- - tional school where their 

pie on to a marriage market so 
who arc. they going to many? 
If they want to remarry they 
are going to set their cap at a 
neighbour’s husband or wife.” 


Ji 1 »*• 

•'When. Mtiire. Doyle and 
Pan! Barnett moved into theu- 
n.ew flat. nine months ago they 
.exchanged wedding rings. 
“We wanted to be seen as a 
couple. We wanted to be taken 
[seriously because we - felt 
‘serious”,' says Maire, a 27- 
year-qjd insurance broker. “I. 
feel as much commitment to 
Phul as.' if I were married.” 

The reason they are not 
married is that Maire is still 

legally wed to someone ebe. 
When ibat marriage broke np 
three years .^go after a whin- 
wind romance and a disas- 
trous year together, she and 
her husband got a legal separa- 
tion and. relinquished aU ii^ 
heritance rights uj each other's 
property, ■' 

Even so, when she and Paul 
got a joint mortgage on their 
1R£30,000 one-bedsoomed 
flat in Cldntarf on the north 

ride of Dublin, Mfiire had to 
sign a series of affidavits 
• swearing that her husband had 
no legal claim on h and her 
father had to act as guarantor 
for the mortgage repayments. 

. “We are living in the hope 
flat we’ll be able to get 
married one day”, says Mitre. 
“Emotionally I need the sta-- 
bi&tyandttesecurity. I want a 
normal family life with chil- 
dren and if I can’t get a 

. mother will not be “con- 
demned for living in mortal 

“I slopped being a Catholic 
;in the mid-1970s because I 

divorce then IU have them 
anyway because I won’t de- 
prive myself and Paul of 
family .amply because of the 
legal problems. But ifPaul and 
I have a child without being 
married then the child is 
legally the child of my 

Both Mfiire’s and Paul's 
parents are strict Catholics. “I 
go to church irregularly but I 
fed that I am regarded as a 
ted person because I am 
living with someone who is 
not my husband”, says Maire. 
“But Paul's parents look on us 
as married. They say, ‘Well; 
there are genuine cases of a 
broken marriage like yours’. 

“When a marriage breaks 
down you need your indepen- 
dence to become a normal 
person again. I. need to be 
completely free. Even though 
we are not living together and 
we never contact each other, 
to me that bind is still there. 

“Two of the people in my 
office don’t know I am sepa- 
rated. They think I am mar- 
ried to Paul. I was afiaid to tell 
them in case Td be shunned. I 
felt that ashamed.” 

How a child cracked the colour code 


Inst November, on a 
typically hot summer 
Sunday in Johannes- 
there was a 
knock on our front 
door. I was out on the veranda, 
my .wife . upstairs, and our 

■v 1 " 

stretched up, opened 

it, and called out: “Daddy, 
there's a black man here”. - - 
■ All at once, all the doubts 
that had been building over the 
years about our ability, to 
continue living in South Africa 
came together- After .20 and 
more years of paying lip- 
service to democracy in: a 
coumry where no real' democ- 
racy. existed, of pretending 
that jast because we weren’t 
actively racist .we were some- 
how niorafty saperrarto those 
who . were, . of supporting 
change while doing nothing 
ourselves to bring it about, we 
reafized that, nor- sins of- ne- 
glect, were being visited upon 
our daughter. 

On itefaceofTt,ibat might 



. Chris Campling . 

seem to have been something 
. of ao over-reaction' to a four: 
year-old’s comment. Particu- 
larly when you realize that we 
did, .in fact, seO njx, leave 
South Africa and come to 
England shortly afterwards. 
And, yes, attempting to stop 
oar daughter from becoming; 
even an uncoosrioas racist was ' 
only one of the reasons forom’ 
move' (another was escaping 
the violent revolution that we 
now watch nightly - on 

' Ait Kate's reaction to the 
man on the Welcome mat was 
so typically white Sonth Afri- 
can that ft shamed ns. We had 
grown up' ctriour-consdoas, bid 
we weren’t, os far as possible, 
going to let her suffer tiie; 

RaJiJ&etoe JUNGLE FORMULA «toeH«n.; • 


nuk briouffe*. B<#k£2.25. Aerotd 12.99 JwskGel 
Ptaawiidi.SiWWCm M988Z«2. 

It is imposriMe to be South 
African — ot any rarial classi- 
fication — and not be obses- 
sively colour conscious. Even 
wishy-washy white liberals 
such as myself and my wife 
automatically register a 
person’s skm colour, and then 
behave towards than on the 
basis of colour. 

There is a paternalism that 
creeps into a white Smith 
African's voice when he 
speaks to a Hack, and, until 
recently, a subservience in the 

Hack man’s response. In the 
rural areas, on the farms, a 
Ma c k an d a white may grow up 
together, share the same bath, 
he polished together for the 
same childhood naughtinesses 

- and still be master and 
servant through it alL 

- Bringing ap a coJeur-BBcew- 
sdous child in such an atmo- 
sphere is a hopeless task. We 
could — and did — train Kate 
not to refer to Mack men and 
women as “boys” and “girls”. 
We could — and did — teach 
her to realize that white does 
not automatically precede 
Mack through supermarket 
doors, or titaia little white giri 
shouldn't necessarily be sold 
sweets before a Mack man is 
allowed to pay for hfa knf of 
bread m the corner cafe. 

But we Afidst know the 
surname af the Made woman 
who came to to dean ap our 
flat twice' a week [ (yro r . of 

course we had a maid — we’re 
South African, aren't we?). So 
why should Kate call her 
anything but “Eugenie” — or, 
to be more specific, “my 
Genie”? " 

And why shouldn't Kale, 
once she got old enough to 
realize that Eugenie could 
dean our home, bat- she 
couldn’t live In It, say to her 
one day: “You Mack, my 
Genie, ami yon go onna green 
has”? The green Putco buses 
are for Macks only, the red 
Johannesburg Transport-bus- 
es for whites and, latterly, 
coloureds and Asiana. 

From there, who knows 
where her developing racism 
might have led? She might hot 
have been tanght it at bom, 
but she wonld have picked it 
np all right, by osmosis. 

And so we came to England. 
We had British passports, so 
we could. And we pot Kale into 
her first school, where Japa- 
nese, Indian — and Mack — 
children almost oubmmbered 
the whites. 1 ' 

There Is a tradition at this 
school —maybe it’s an English 
-tradition In general. Wien 
children become Best Friends 
they aimeonce the fact by 
walking around hand m hand. 
Kate made her Best 
Friend the other day — 
a little black sir]. Per- 
haps there’s hope for 

% niiw* 


Divorced, but still living in mortal sin 

Am Carolan 

‘The Irish environment 
is so repressive" 

was fed up with: the burden of 
gnflt it gave me”, says Ann, 
who used to belong to the 
ukra -religious Opus Dei 
branch of Satitolicfeiri. 

Her marital .situation 
caused serious rifts within her 
family. “It has soured my 
relationship with my mother, 
unfortunately", she admits. 

“L kncw that moving in with 
John was the right thing to do 
but it’s incredibly hard to 
understand the whole Irish 
environment. It’s so repres- 
sive of anything like that. 
After John and I had been 
living together for five years 
roy mother said to me: ‘It’s 
that sex thing, isn’t it?* ” 

Time for some 
tough talking 

From John Mason. Grange 
Road. South ■ Croydon, 

The problem of "Sleeping 
partners in your house” (First 
Person, June 1 J ) can surely be : 
solved by the injunction: 
“Why not offer your friend the 
settee in the living room for 
the night?” ' 

As a parent of three. 1 was 
taken by surprise on the 
staircase at 7 o'clock one 
morning. But the query — 
“Good Morning, who are 
you?” ted to a regularization 
in attitude which seems to 
have worked well since. 

As to parents who do not 
know how to go about raising 
an objection, how about: “l 
want to raise an objection.” 

From Mrs J. Shorrock, 
Catenon Road, Brize Norton. 

I fail to see how your anony- 
mous contributor finds sleep- 
ing partners in her house a 
“delicate issue”. The impres- 
sion is that she is afraid to 
voice her own beliefs in her 
own home. It would seem that 
many of today's parents are 
largely to blame for their 
children’s behaviour of taking 
things for granted. Nor do I 
see why attitudes to sons and 
daughters should differ. 

From Jane Naylor, Avon 
Road, Hale, Altrincham . 

As a mother of five teenagers. 

1 am shocked to read that this 
family obviously encourage 
these “alley cat” relationships 
of their son. Although 1 realize 
the moral standards of people 
have changed over the years I 
do not think we should change 
our ideas to accommodate 

As a family we are very 
open about all subjects; con- 
traception, abortion, live-in- 
lovers etc. Everything is 
discussed among us and I feel 
my children can talk to me 
The subject of boyfriends 
staying has occurred, but in 
our case no girlfriends yet 
Both daughters have said that 
they feel it would not be right 
to expect to sleep with their 
boyfriends in our bouse as 
they respect the standards that 
we have taught them. Nor 
would they feel comfortable in ' 
a similar situation in their 
boyfriend's home. • '■ 
Perhaps this is what is 
wrong with the world today. ■ 
Parents think they’ must .be", 
with. tti.My 15-yearrOld son’s . 
comment was: “You would - 
think he would have had the 
decency to ask first”. 


From the Rev. Roger Stirrup. 
The l ’ icarage ; Fordi abridge. 
Hampshire. ■ 

I sympathize with the writer of 
“sleeping partners” who is 
obviously a caring mother. Z 
am. sure that her problem is 
not a new one and that other 
parents face this same tension 
between condoning and con- 
demning the actions of their 

Surely sex education is a 
part of the family life style 
from the outset and 15 is 
rather old for beginning the 
dutiful “cosy chat”. Why does 
she appear to be so frighiened 
of her sons, so that their 
opinion, based on a few years 
experience, should have a 
priority in the borne? - 

Many young people are 
grateful for .firm advice, and 
can often use it as an excuse to 
their contemporaries for un- 
certainties about their own 
about sexual behaviour. 

Name and address supplied. 

My son of 16 had been “going 
steady” with his girlfriend, six 
months his junior, for a year 
when 1 was asked to wash a 
pair of his trousers. On check- 
ing through the pockets I came 
across an empty contraceptive 
packet This stopped me in my 
tracks for a moment. 

We sat down, together with 
his 14-year-old sister who 
wanted to know what was 
going on. and talked about this 
discovery. He said that bis 
girlfriend would not make 
love until she was 16, and they 
bad never had intercourse 
without taking precautions. 
He had also gone with her to 
the local Family Planning 
Ginic so that she could be put 
on the PilL 

My instant reaction was one 
of thankfulness that They had 
taken such a mature and 
responsible attitude. 

I asked if her' parents knew, 
and was told they did not 1 
assured my son that 1 would 
not tell them. (I understand 
they were told sometime lat- 
er.) All this happened two 
years ago. My son and his 
girlfriend are still together 
havingsurvived ‘G 1 levels and 
two years at colleger doing ‘A’ 
levels. 7 ; ■ - 

My .daughter is now 16. 
Although there is no “steady” 
boyfriend at the . moment; 1 
can only assume thd time SviU 
come: 1 Hope that I can be;as 
realistic with her as I feel I was 
with my son. Bui will I? 

Penny Perrick is on holiday 


The legal proceedings being brought in Denver by Lonrho 
against Dan Mayers and his Crystals company are 
undertaken with the full support of the Zambian 

Lonrho subsidiaries are claiming substantial damages in 
these proceedings and the matter is sub judice. A default 
judgement has already been obtained and the current case 
in Denver is in order to assess the amount of damages. 

R. W. Rowland personally is not involved in any way in the 
case except as a witness for the plaintiff. 

The shares belonging to Dan Mayers in the Amethyst Mine 
in Zambia have been sequestrated by the Zambian 
Government because of his failure to answer criminal 
proceedings. . . 




Salt is dead, long live Salt 


Big Botha 
is listening 

Even before the present state of 
emergency in South Africa, the 
security services were using a 
bewildering array of bugging de- 
vices to keep tabs on visiting 
dignitaries and politicians with 
access to sensitive information. I 
can reveal that when the seven 
members of the Commonwealth’s 
Eminent Persons Group were 
preparing to visit the country 
earlier this year, two Canadian 
security specialists were flown to 
London to brief them on how best 
to safeguard their secrets. This was 
the advice; never discuss sensitive 
matters in the rooms or even the 
grounds of hotels, since the 
conversation might be picked up 
by concealed sound detectors; the 
only premises where confid- 
entiality could be expected were 
embassies or diplomatic missions 
in which they had “total 
confidence". For this reason the 
EPG opted to use the Canadian 
embassy buildings in Pretoria and 
Cape Town for their sessions. The 
two Canadians also reported, 
unsurprisingly, that South Africa 
is one of the six most “security- 
alert" nations in the world, the 
others being, in no particular 
order, the US, the Soviet Union, 
brad, France and Britain. 


There could well be a politiciza- 
tion of the top jots at Lewisham 
Town HalL A hard left caucus 
within this Labour-controlled 
London council has drawn up a 
list of objectives, including pos- 
itive discrimination in favour of 
jobs for Labour supporters — or. 
in its own words, “promoting the j 
appointment to council posts of | 
people sympathetic to the policy 
objectives of the council". Not 
much hope for the politically 
neutral, either, in Brent Council’s 
advertisement for a new chief 
executive; “She/he will need 
. . . ability to manage effectively 
ui a highly politicized envir- 
onment.” Indeed she/he wilL 

• I can understand the decibels of 
complaint from the usually soft- 
spoken Wells MP David Heath- 
coat-Amory about noise at CND's 
West Country rock festivaL He 
lives at PQton, a stone’s throw 
from the 5(LOOO-plns revellers. 

Intensely Oscar 

“We’ve never sold a letter as good 
as this," gloats Sotheby’s Roy 
Davids about a 12-page Oscar 
WDde manuscript which goes for 
auction on July 10. The letter was 
written from France in 1897, a few 
months after Wilde's release from 
Reading jail, to a friend, Carlos 
Blacker, and is expected to fetch at 
least £20,000. It contains, 
according to Davids, some of 
Wilde’s most affecting prose: “My 
desire is to live as intense as ever," 
he declares at one point That was 
just three years before he died, 
broke and virtually friendless ax 
the age of 46. Those unable to 
muster £20.000 can read the 
text in the standard Rupert Hart 
Davis edition of Wilde letters. 


S. A. 


Don't worry. She’s as keen on them 
as she is on solving unemployment’ 

Spray spy 

First the television detector van, 
now the hosepipe detector plane. 
Wessex Warer Authority is tired of 
gardners illegally watering their 
lawns with up to 2,000 gallons of 
an evening, which I am told is 
enough to keep 1 0 normal families 
supplied with all their daily needs. 
Now it is about to hire a slow, low- 
flying spy plane to terrorize those 
who do not have a £24 sprinkler 
licence. The pilot looks fora likely 
area and radios down to “sprinkler 
control vans" who move in for the 
kill. 1 am told by the company 
supplying the aircraft that if this 
doesn’t work the next step could 
be to fit thermal imaging equip- 
ment which can identify and 
photograph well-watered lawns by 
their lower temperatures, allowing 
the authorities to move in with 
precision later. 

Fever pitch 

As Bobby Robson's men band 
prepared to meet Maradona and 
Co last night. Argentina's national 
cricket side, not generally consid- 
ered to be at the forefront of the 
game, found themselves doing 
battle with the elements at 
Tamworth Cricket Gub. The 
eleven were playing a rain-soaked 
friendly against the West Mid- 
lands side in preparation for the 
International Cricket Confer- 
ence’s Trophy at the end of the 
month. Special contingencies in- 
cluded a television laid on to 
watch the soccer from Mexico at 
the end of play. I am assured there 
were no tanks patrolling the streets 
of Tamworth last night. PHS 

The White House has declared 
that the Salt-2 treaty is dead. But 
it refuses to lie down. 

Although there are dozens of 
formal and informal agreements 
on arms control, there has been no 
previous case of a unilateral 
rejection by either Washington or 
Moscow of the terms of a major 
accord. If this situation is un- 
paralleled, it is also absurd. Salt-2 
was never ratified, was never in 
the strict sense legally binding and 
is past its stated expiry date. Yet it 
seems set for a long after-life. 

It is not just the majority of 
congressmen, or the massed ranks 
of America's Nato allies, who still 
- urge adherence to Salt The White 
House itself says that any future 
arms reduction by the US would 
be based on Soviet behaviour in 
key areas — including compliance 
with SalL 

The Americans’ stated rationale 
is the alleged Soviet record of non- 
compliance with arms control 
treaties in general and with Salt in 
particular. However, the persis- 
tent US complaints in recent years 
about non-compliance hardly con- 
stitute a sufficient basis for such a 
drastic step. 

One of the main American 
complaints, relating to the alleged 
use of “yellow rain" by Vietnam, 
was almost certainly unfounded. 
Others appear to have more 
substance, although some relate to 
Salt clauses open to more than one 

The biggest doubt about the 

Adam Roberts on arms control prospects 
after the latest superpower exchanges 

American complaints is whether 
they add up to much strategically. 
The question whether the Soviet 
Union has improperly encrypted 
telemetry from missile tests, or 
whether a particular missile 
should be viewed as substantially 
new, is seen by many as relatively 
unimportant when set against the 
feet that the Soviet Union, like the 
US, is broadly observing Salt’s 
numerical provisions. 

All arms control accords con- 
tain an element of rough-and- 
ready bargaining, and raise 
problems at the ill-defined edge 
between permitted and restricted 
activity. Why, then, have such 
problems proved so serious as to 
lead to Salt's apparent demise? 

Part of the explanation is the 
sheer difficulty of the attempt to 
work out some numerical equality 
of the intercontinental nuclear 
forces of two far from symmetrical 
states. But many other factors 
have been at work: not just the US 
view that Salt is flawed but also 
the extraordinary belief that the 
US is doing a favour to the Soviet 
Union by negotiating with it 

Some even more basic ideas 
have contributed to the American 
withdrawal: that only freedom can 
bring peace, and that Moscow can 
be forced to change drastically 
only through an arms raceThere 

may also be a more disturbing, 
dement the wrecking of Salt may 
be the harbinger of an assault cm 
the anti-baHistiomissfle treaty 
which,' while it is in force, must be 
a serious obstacle to President 
Reagan's Stratum Defence Initia- 
tive (“Star Wars"). 

The one factor missing from the 
American justifications has been a 
serious exposition of the likely 
consequences. This defect was 
highlighted in Senator Edward 
Kennedy’s description of the 
rejection of Salt as a triumph of 
ideology over common sense. 

If agreed numerical limits on 
■ intercontinental nudear systems 
ceased to exist, the Soviet Union 
would be in a far stronger position 
to build tv its forces than is the 
US. Its missile production lines' 
are working at a higher level than 
America's. Therefore it could 
increase its nudear forces with 
minimum effort by simply not 
dismantling the old missiles which 
it has been disposing of in 
accordance with SalL 

Perhaps because of this, there 
have been notable elements of 
caution in the Reagan admin- 
istration's funeral obsequies for 
Saft. For the time being the US is 
staying within the Salt limits by 
scrapping two of its missfle-firing 

Paul Johnson urges a full national debate on closer political union 

There is something radically 
wrong with our political scale of 
values. Last winter Parliament 
worked itself into a state of frenzy 
about a proposed change of con- 
trol of the Westland helicopter 
company. Two cabinet ministers 
resigned. The Prime Minister’s 
position was shaken, some said 
permanently. Yet when Westland 
was actually restructured no one 
in politics appeared to take the 
slightest notice, and the con- 
sequences are minimal. 

In the meantime, the govern- 
ment has accepted, and Par- 
liament is now enacting, legis- 
lative changes in our relations 
with the European Community 
which will affect the fives of every 
man, woman and child in this 

country. These changes are fun- 
damental and irreversible. Yet die 
event is passing almost without 
comment It has aroused no 
passion in the cabinet, in the 
Commons or in the media. 

When Britain was deciding in 
1972 whether to join the EEC, at 
least there was a national debate. 
In die subsequent referendum we 
all knew (more or less) what we 
were doing. Now we are taking a 
gigantic mrther step in our 
commitment to the Community, 
of comparable importance to the 
initial joining, and no (me seems 
at all interested. 

One reason is the sheer soporific 
effect of the leaden jargon with 
which the EEC conceals its doings. 
Just studying the three relevant 
parliamentary papers on the cur- 
rent proposal is enough to induce 
narcolepsy. Civil servants of a 
certain kind delight in this airless 
world; and they of course are in 
control of iL But for Desh-and- 
blood creatures, who like the clash 
and drama of politics, it requires 
extraordinary self-discipline and 
tenacity to master the subject; and 
very few do. 

The somnolence with which 
Parliament has treated the ques- 
tion has been compounded by the 
trance-inducing character or Sir 
Geoffrey Howe. In so far as any 
cabinet minister is in charge of 
this issue, be is; and he has an 
extraordinary capacity — it al- 
most amounts to genius — for 
taking the drama out of events, 
transforming anger into yawns 
and persuading politicians anx- 
ious to question him that they 
have another and far more urgent 

He is as comfortable in the 
hands of his Foreign Office of- . 
ficials as a baby in a basinette, and 
loves the experience. He radiates 
sleepy reassurance and supine 
complacency. It was quite true, he 
told the Commons Foreign Affairs 
Committee, that Britain had not 
got what she wanted in the 
negotiations. Rather the contrary, 
in fact One the other hand, wbat 
had emerged was jolly good too. 

It would have been quite a 
different matter if Mrs Thatcher 
had taken an interest in this 
business. When she picks up an 
issue, instantly the air begins to 
crackle with tension, hackles rise, 
men unsheath their adjectives. 

But she has no enthusiasm for 
the EEC. which she regards as a 
regrettable necessity, and has little 
but contempt for its doings. 
Uncharacteristically, die has al- 
lowed herself to be persuaded by 
Sir Geoffrey that the bill now 
going through Parliament is un- 
avoidable, part of ibe tiresome 
process of EEC membership, just 
more of the same. 

The political buzz-word of the 
year is “caring” which is an. 
ideological signpost and slogan 
rather than a description. By the 
next election it will have become 
so worn and tired that we shall 
have to find another word to 
encode for the job. 

For a number of years a similar 
process of political erosion has. 
been eating away at the attributive 
noun and adjective “community". 
The process is slower and less 
noisy than the worsening of 
“caring" because “community" is 
not in the political front line. But 
the linguistic shift still reflects the 
political aigumenL 

“Community" is quite an old 
word in English, going back to at 
least the I4th century, and stand- 
ing for the kind of abstraction 
loved by philosophers, politicians, 
scribblers, and others of the bossy 
classes. Jeremy Benlham got the 
beast right: “The community is a 
fictitious body, composed of the 



EEC trickery 
that Thatcher 
must halt 

But it is not more of the same; it 
is a substantial dollop of some- 
thing quite different The title of 
the legislation, the Europan 
Communities (Amendment) Bill 
is misleading. So, indeed, and 
perhaps deliberately, is the name 
of the international agreement to 
which it gives effect “The Single 
European Act". It is not an act at 
alL It is, in effect a completely 
new treaty, which ought property 
to have been placed on a level of 
significance equivalent to that of 
the original Treaty of Rome. 

For what the act and therefore 
also the bill, do is what successive 
British governments have repeat- 
edly said they would not do: take 
Britain into a European political 
union. Indeed the preamble of the 
act says as much. It will transform 
relations among the EEC states 
“into a European union" and it 
will “invest this union with the 
necessary means of action". 

The select committee appointed 
by the House of Lords to 
scrutinise such proposals con- 
cluded bluntly and bleakly: “In the 
long term the position of the 
United Kingdom Parliament wifi 
become weaker." Again: “The 
powers of the United Kingdom 
Parliament will be weakened by 
the Single European Act The 
committee draws this important 
feet to the special attention of the 

The Commons Foreign Affairs 
Committee agreed with this ver- 
dict. The changes, it says, “signify 
a movement towards greater 
collective action in the Comm- 
unity”. Two leading experts, Peter 
Horsfieid QC and Leolio Price 
QC, state as their opinion; “The 

act plainly involves important 
constitutional changes." It is “a 
step towards establishing a Euro- 
pean political union". 

In that case why was not the act 
called “The European Political 
Union Treaty”? And why was not 
the change presented to Par- 
liament, and the public, as “an Act 
to Create a European Super- 
State”? The answer is that to do so 
would have been to tell the truth; 
and the EEC establishment and 
our own government know that 
the truth would be much more 
difficult for the public to swallow. 

When Britain joined the EEC 
we had to accept that membership 
would involve some limitations to 
our national sovereignty. But the 
understanding was that these 
limitations were finite, and that 
they were plainly set out or 
implied in existing EEC legisla- 
tion. Any further limitations 
would be carefully negotiated by 
us from a position of strength 
within the EEC The symbol of 
this strength was to be our 
national veto. 

The essential point of the new 
treaty is to abolish the national 
veto over the whole range of social 
policy. Within this area, Britain 
will no longer be able to impede 
further reductions of its sov- 
ereignty, however fundamental 
For the absolute veto, the new 
arrangement substitutes what is 
called “qualified majority voting”. 

With the accession of Spain and 
Portugal, the number of votes 
adds up to 76. Britain, as a major 
member, has 10, no more than 
Ireland, Greece and Luxembourg 
together, fifty-four votes con- 
stitute a qualified majority. So 

Commune il faut 

Philip Howard: new words for old 

individual persons who are 
considered as constituting, as it 
were, its members. The interest of 
the comm unity, then, is what? The 
sura of the interests of the several 
members who compose it". 

. It has become a vogue word 
since the war because of the 
various bodies of nations called 
communities that acknowledge 
unity of purpose or common 
interests, such as the European 
Community and the European 
Defence Community. It is, as its 
form shows, a close relation to 
communism. It is a hurray-word, 
indicating approval*, it is a word 
from the wet and pinkish wing of 
the political playground; and it is a 

weasel. word, sucking hard desc- 
ription out of the sentence in 
which it appears, and leaving a 
pious scent of incense in the air. 

In the past 30 yeas or sowe 
have coined “community” care, 
feeling, life, living, spirit and 
theatre. Your community centre 
originated in the United States 
and has come over here. Commu- 
nity singing is good fun for those 
who do it; but not necessarily so 
for listeners. In America a 
community college is a local 
institution offering courses for 
those who have left schooL 
Community chest is a boring stack 
of cards in Monopoly, and an 
American charitable fund. 

Anne Sofer 

If the US exceeds the Salt 
numerical limits later this year, it 
says h will do so by fitting an air- 
launched cruise missile to a 
bomber. As such missiles fly 
relatively slowly and are quite 
unsuitable for a first strike, this is 
hardly die most threatening way 
to break the treaty. 

The US has also indicated that 
it is serious about seeking, at the 
Geneva talks, genuine reductions 
of nudear stocks. Several pro- 
posals have recently been mad e. 
The proposals . unveiled by 
Mikhail Gorbachov on June 16 
suggest that the Soviet Union too 
maybe thinking about reductions 
in a more realistic way. However, 
to translate a broad proposal into 
an agreement, and then into a 
treaty, involves endless defi- 
nitional wrangles and is bound to 
take years. In the meantime, the 
only agreement we have on strate- 
gic arms is Salt-2. 

The German sociologist Joseph 
Schumpeter once wrote that “the 
dead rule the living”. Salt-2 may 
be dead, but it is like the ghost that 
moved house with the man who 
moved in order to escape from it 
It mil still be around for a while, 
pending a better treaty or some 
more sensible strategic dis- 
positions. Dead or alive, it will be 
quoted a neat deal between now 
and the tune of the threatened 
breach of its numerical limits. 

The author is Montague Burton 
professor of international relations 
at Oxford University. 

By jingo, what 
a goal! 

Britain alone cannot Hock a 
measure; it cannot do so even in 
conjunction with another major 
member, such as West Germany, 
with which it has common eco- 
nomic interests. 

An obvious danger is that the 
members of the so-called “Medi- 
terranean Hoc" will constitute the 
nucleus of a “natural majority” in 
the EEC, which with the help of 
some UN-style haggling will be- 
come an actual one, and turn 
Britain into a “natural minority” 
member whose interests are 
consistently overruled. This is not 
a theoretical possibility but a real 
one. Moreover, once the veto 
principle is breached, the exten- 
sion of majority voting to all areas 
of policy will be only a matter of 

The reference to the UN is not 
inapt for there the maintenance of 
the power of veto in the Security 
Council has proved essential to 
the organization's continued exis- 
tence. If the veto had gone, the 
position of Britain and the United 
States in that corrupt and evil 
Babel would long since have 
become intolerable, and both 
would have left it — as they have 
indeed left Unesco. 

The ETC is morally and in 
almost every other respect a cut 
above the UN. But it is now a big 
and far-flung body including 
countries, such as Greece,- whose 
past — and present — behaviour 
should induce caution. A dose 
political union with such a 
heterogeneous group, whose de- 
cisions can be imposed upon us, 
against our win, not only by its 
laws but by our own, is something 
we should not accept without full 
national debate. Indeed, I believe 
we should not accept it at alL 

For all these reasons I think Mrs 
Thatcher owes it to the nation to 
take up this subject personally and 
place the real issues raised by the 
bill squarely before the public. 

It would be against her nature, 
and in the highest degree dis- 
honourable, to induce Britain to 
take so feteful a step by deception, 
subterfuge and camouflage. But 
that is what is happening. It must 
not be allowed to continue. 

<0 U rn — n— na p -* , iws. 

But apart . from these quite 
concrete and descriptive uses, we 
now speak of the world commu- 
nity, the European community, 
the Roman Catholic or Protestant 
or Unitarian or Muslim or Flat- 
Earth community. Patients are 
discbaiged from hospital into the 
community, which can mean any- 
thing from being chucked out into 
the wicked world to being put 
under the care of the local 
authority. Community means the 
public at large. Community means 
anything you want it to mean. 

h is a warm though woolly 
thing. In “Thought for the Day* 
and “Prayer for the Day”, those 
remarkably silly BBC aubades for 
Shaving to, it is par for the course 
for “community" to be used four 
times in as many minutes. When 
you bear “community" prick up 
your ears and ask yourself what is 
being implied. Good advice for 
any word; but especially for trendy 

Am I alone in being annoyed by 
the xenophobic tone of the British 
TV football commentators in 
Mexico? Patriotic fervour is one 
thing, but why the constant 
assumption thatforeign players 
are by temperament more hot- 
headed, violent and deceitful than 
our own, and more often lucky 
than skilful? 

Even their successes have to be 
expressed in terms of our own past 
heroes. “Oh what a magnificent 
save” shouted Jimmy (or was it 
John?), as the Moroccan goal- 
keeper leapt ten feet in the air, 
appeared to do a double somer- 
sault while airborne and bounced 
bade to earth in the shape of a 
tightly rolled ball with the real ball 
at its centre. “That must be the 
best save I've ever seen from that 
pan of the world." With massive 
generosity John (or Jimmy) re- 
plied: “I think you might even put 
ft higher than that — there was a 
touch of the Gordon Banks about 
that one". And Gordon Banks' 
name having been introduced it is 
then available to keep the patter 
going for the next five minutes. 

Of course it must be difficult 
finding things to say during the 
dead patches. This, in part must 
explain the portentous tone and 
unctuous cadences with which 
throe old pros invest the most 
mundane observations. If all 
you've got to say is “It's half time 
and the score is three nil", it can 
taic«- three times as long trans- 
muted into “And so ... on this 
sweltering day in Pueblo ... the x 
team roes off ... staring defeat in 
the cue ... to the changing 
room . ... will they find their cour- 
age there I wonder ? . . ” 

Some comments are acutely 
embarrassing. “Funny sort of 
country to choose to provide the 
r e fere e for a match of this 
importance" remarks John (or 
Jimmy) about the Syrian referee in 
the England-Paraguay game. 
“Yes, even though he does appar- 
ently work as a full-time pro- 
fessional referee in his ... Oh 
explosive dribbling on the far side 
there, well done . . ." 

Needless to say the heights of 
denunciation were scaled when 
Gary Lineker was elbowed in the 
windpipe by an unidentified Para- 
guayan. The voice throbbed with 
emotion as a s tre t c her carried him 
from the field, “abused (pause), 
brutally (pause), deliberately 
(pause), cynically ... by the 
South Americans . . . Here we see 
the full cynicism of South Ameri- 
can football" Our hero laid low by 
a whole continent Thereafter the 
Syrian referee won approval, de- 
spite the strangeness ofhis country 
of origin, by making a number of 
partisan decisions. 

“He has kept them, in check, this 
Syrian referee” they agreed, and 
commented favourably on his 
tendency to give the benefit of the 
doubt to the “more gentlemanly 
side". Our victory was a moral as 
well as a sporting one: “There’s an 
old school saying ‘cheats never 
win in the end’.” And Jimmy (or 
John) sanctimoniously agreed. 

I know there are many people 

(mostly women) who regard foot- 
ball and all it stands for as the pits 
Of male nastiness: macho, aggies- e 
sive, competitive, incitement to r 
hooliganism and nationalistic 
mob violence. Having spent mote 
Saturdays than I care to remember 
as a coerced football fe n 1 kno w 
what they mean. The swaggering 
and shoving and the foul langua ge; 
the loose-jawed, slit-eyed, heavy- 
booted, lumpen stance even the 
most otherwise upright citizens 
fed obliged to adopt once they 
take their place in the stands ... It 
aU compares unfav ourably with 
the atmosphere of other sports — 
the cosy, if commercialized, fam- 
ily feel of the New York Yankees’ 
frawhaii stadium, for instance. 

Others see football rather as the 
liberal but fastidious soul sees 
pornography: a relatively harm- < 
less way of purging the distasteful 
appetites of man's baser nature. If 
they must attack each other, we 
say with a shudder, far better they 
should do it through this sort of 
silliness than by starting wars. 

However, having got hooked on 
the whole business, and having — 
against my better judgment — 
stayed up night after night until 
the early hours for me final 
whittle, and even the excruciating 
studio chat afterwards, I must in 
selfdefeoce, see more in it than 
that Viewed objectively, sport — 
like an— is a uniquely human 
and very peculiar phenomenon. 
We create and agree on an 
aribitrary and meaningless set of J 
rules within which we tty to outwit 
each other; and more tinier money 
and emotion is spent on the 
process than on many other far 
more material aspects of life. 

The inflation rate, the growth 
figures, our position in the OECD 
league table, all have a far more 
profound effect on peoples' lives, 
but none makes the same impact 
because none appeals half as much 
to popular national pride. In our 
instincts we prefer the ritual 
demonstration to the statistical 
truth. And the element of ritual is 
strong — foe colours and regalia, 
the referee's stylized gestures, the 
obligatory writhing in agony or 
kneeling in exultation after a 
goal . . . some of the footwork, 
filmed in slow motion, looks more 
like a dance. 

Football may be the nearest 
thing we have to a world religion, 
and it is television that has made it 
so. It is a “common man's” game 
(who was the last public schoolboy 
to play for England?). The watch- 
ing millions are made aware of all 
the other watching millions 
around the globe, sitting, at what- 
ever inappropriate hour, around 
their flickering sets, on tenter- 
hooks; groaning, muttering, cheer- 
ing in unison. It is oddly unifying, 
however absurd that it should be 
so. And, believing that in 
humanity’s present predicament it , 
should grab whatever hope of 
unity may be going. 1 just wish our 
commentators in future will be a 
little more balanced. Assuming, as 
I write, that England — de- 
servedly, of course — are still in. 

moreover . . , Miles Kington 

An A to Z of 

A new dictionary, published last 
week, takes into account the 
idiotic way the English language is 
spelt For instance, you can look 
up “psychiatrist” under both the 
letters “p"and “s". Apparently the 
book also caters for the fact that 
words are pronounced differently 
in various parts of the country., 
something never previously rec- 
ognized by the average dictionary. 

“Average" is a word you could 
never apply to a series of realistic 
dictionaries to be published by 
Moreover Books. Look up “aver- 
age” in the Dictionary of Regional 
Meanings sad you will find that in 
southern England it means medio- 
cre, middling, while in the north- 
east it means the number of runs 
that Geoffrey Boycott has scored 
this season divided by the number 
of times he has been out 

Look up the word “regional" 
itself and you will find that the 
English don't object to it but the 
Scots can't stand iL This is 
because, after the main TV news 
in the early evening, announcers 
say they are now going to the 
regions, at which point two mil- 
lion Scots rise to their feet shake 
iheiT fists and shout “We’re not a . 
region —we’re a country!” 

Our new Moreover Dictionary of 
Instructions will come as a bless- 
ing to anyone who has read the 
instructions on a new purchase 
and still not understood what on 
earth they mean, especially if they 
use words like “mode”, “activate" 
and “display”, but especially 
“mode”. The trouble is that most 
sets of instructions are written in 
languages which only seem to be 
English. Anything . to do with 
computing or calculating, for in- 
stance, is written in inscrutable 
Japanese English. 

Again, instructions on shampoo 
bottles are written in. sub- 
Mills & Boon English (“To get the 
most wonderful sheen and a new 
springtime loveliness to your 
locks, simply . . .”) and contain 1 
words like “sheen” and “locks" 
which today’s teenager has never 
seen before. Bottles of mineral 
whter, by contrast adopt the 
English more suitable to Conan 
the Barbarian: “These waters were 
laid down aeons of time ago, 
under the great rocks of the 
Th racian plains, and have now 
forced their way to the surface, 
rich in those atavistic minerals 

which ...” and so on. 

Here we are getting near the 
territory of our Dictionary of 
Advertising Terms, which is a new- 
look, improved, value-for-money 
version of an old favourite. “New* 
look", as the dictionary win tell 
you, means “the same old product 
but a new package". “Improved" 
means “the same old product with 
exciting brown colouring added" 
and. of course, ^value-for-money” 
simply means “you give us the 
money, we'll give you the 

There is a new section to take 
advantage of the fact that British 
advertising is now conducted 
almost entirely in puns or rhyming 
slang and is thus incomprehen- 
sible to the rest of the world. 

The Moreover Dictionary of 
Political Terms is an ambitious 
attempt to explain what poli- 
ticians really mean. Some would 
say that politicians scarcely koow 
themselves and that an attempt to 
explain it is doomed from the 
start - anyway, most of the time 
they're delivering coded maMp ges 
to their colleagues, not to us. 

Well, yes, you may be right, but 
seriously — and I’m quite un- 
ambiguous about this — some- 
thing has got to be done now, that 
is the consensus message we’re' 
getting back to us from the 
electorate, and of course we care, 
we tare deeply, but you know, 
there’s no point rushing into a 
solution which was tried by the 
Opposition in their term of office, 
and found wanting then. I'm 
sorry, what was the question? 

Never mind about the ques- 
tions - the answers are all in this 


Finally, we think you’ll like to 
browse through the more recher- 
che pans of our list such as 
Dictionary of Pretentious French 
Words like Recherche Dictionary 
of- Hard Words found only in 
Anthony Burgess Novels (3 volsV 
Learn to Talk Like Basil Rathbone 
and Understand Old Movies on 
TV; Dictionary of Argentinian 
Insults ; and Dictionary of Media 
People Called Gary. Oh and don’t 
forget the Dictionary of Kray. 

What? That means Dictionary 
of Rhyming Slang. It's rhyming 

Gang - Rhyming Slang. Don't 
you know nothing? 

na\ar : - aj smear (4) * - • 


e, y\^je \QiEi 


1 ® 0 ’ wjj 

goal! ! 



in'.. , : n 

Pi !■» 

:: V.'.* 

1 Pennington Street, London El 9XN Telephone: 01-481 4100 


and * 

«/ *T 



Cfc »Kj! 



J •■r*T . . -“W 



-n ^ 
■ .. jr,! 'S6v 


- ■'-^.ifceSLS 

-R i I 

r: * ^ 3? ; 


' ' in se»i 

.. Cl 

■ ■ » m aft 

. . “'■lltoo 1 


- -^queh C; 

- ■'° rc ^,2 
,s *PfM dS 
' ^yo^J 

■ ll" !k. _ 


As | 

r -i't a : 

’ • ffl»£ 


;r ftr mg 
; ”e rscw 

:rr: -a& 

■'•■ *-Vaafc 

• •■• a-rjf 

: -' t-JJT«2t 
'• ■.'Dbae 

' ir; a e 


■ fljafjB 

■■ \-.juS 


"■; r:-3 

:• rat 

•• r; £3 

■J : - :-ifa 
;• : *c-J4k 
•: lux g 


• - r;ffd* 


*• :?’XZ 

- cl a 


Mi!c> Kington 



<■»,* TT v 


• ■;i^’ 

- -v* 






■ - -’it 




...r 1? 

: ?* 

..*.• *j« ,p 


„• i 

Tbc Irish constitution r eaches. 
its fiftietii birthday next year 
and, like many such docu- 
ments, advancing age brings 
increasing strains a$ the soci- 
ety for which it was originally 
designed changes around it 
On Thursday, the Republic's 
. voters take part in a referen- 
dum on the introduction of a 
limited measure' of divorce, 
which is the latest in a series of 
issues winch have arisen as a 
result of the social changes of 
the last half century. 

In that time, Ireland has 
undergone profound demo- 
graphic, economic and social 
transformations. It has a much. 

- younger population, which has 
become in spite of current 
economic agonies - much bet- ■ 
ter offandahigher proportion 
now lives in towns and cities. 
The social consequences of 
these shifts - which are par- 
alleled elsewhere in Europe - 
have brought pressure for legal 
and constitutional cha ng e , 
particularly in the last two 
. decades. At the same time, the. 
troubles in . Northern Ireland 
and debates over reunification 
have thrown into sharp relief 
the differences in moral law 
and practice on either side of 
the border. 

The explicit recognition of 
the Roman Catholic Church's 
“special” position in Irish law 
and life has been removed 
from the constitution. After a 
bitter -public debate, a ban on 
abortion has been included; 
the law on contraception has : 
been progressively liberalised. 

In -1973 the Irish hierarchy 
accepted, for- the first time, 
that the state's responsibility 
for the public good was not 
automatically the same as the 

church’s care for its flock. 
Since then, the balance of 
change has been in a cautious 
liberal direction and towards 
the separation of canon law 
and civil statute. In the current 
instance of the proposal to 
allow divorce (albeit only after 
satisfying stringent tests), pub- 
lic opinion appears to be 
slightly in favour of allowing 
the amendment It is widely 
assumed that if the amend- 
ment fells this time, something 
similar will be passed within 
the next few years. 

The battle pits those cur- 
rently unhappy against those 
who might be made unhappy 
by a change in the law which 
brought a greater number of 
divorces in its wake. The 
current state of marriage, -wel- 
fare and property law has 
created a growing number of 
anomalies, miseries and injus- 
tices left uncorrected by a civil 
law which does not recognize 
divorce at all. The campaign- 
ers -against the amendment 
argue that it wiO create fresh 
sets of inheritance and prop- 
erty problems and, as else- 
where, licence an unstoppable 
increase in marriage break- 
down. But this last claim rests 
on a presumed sequence of 
cause and effect which seems 
dubious. Divorce laws have 
often been liberalized or in- 
troduced in order to catch up 
with the state of broken mar- 
riages as they already exist. 
Other forces in cul ture, society 
and individuals dissolve mar- 
riages, and that in turn cor- 
rodes the usefulness of a law 
which further complicates 
matters if it takes no account 
of what is happening in or- 
dinary life. The church rightly 
wishes to provide safety nets 

against marriage .breakdown, 
but it must find a more 
suitable one than fee civil law. 
Thursday is an opportunity for 
a humane change. 

The Irish Prime Minister, 
Dr Garret FitzGerald, has 
been careful not to overstate 
any hopes that the change, if it 
goes through, might soften the 
hearts of unionists in fee north 
who object to any prospect of 
“Rome Rule”. But fee north- 
ern dimension is important 
not because of any possible 
effects of a change in southern 
law in the short term but 
because of fee indirect in- 
fluence of religion on com- 
munal division. It would be 
oversimple to say that religion 
is fee root cause of violence in 
Northern Ireland, but de- 
nomination underpins aryl de- 
fines the separation of 
communities. That separation 
plays its part in maintaining 
old emnities. Any reduction in 
fee avoidable frictions be- 
tween religions which are prac- 
tised by neighbours must play 
its part in reconciliation, how- 
ever slowly. 

But the true significance of 
the divorce referendum and 
other similar reforms may lie 
in education. There have been 
hints from Dr FitzGerald's 
direction that ultimately he 
might wish to loosen fee 
duirch's grip on schools. Any 
change in fee church-school 
relationship in the south 
would eventually produce 
pressures for change in the 
north. And any movement 
towards breaking down fee 
barriers, both human and in- 
stitutional, between fee chil- 
dren of different communities 
would be welcome. 


Fallibility of research assessment Unfair gibe at 


Ever since the mushroom of 
international debt 4 began to 
hang tike a cloud over western 
governments; Mexico has been 
the critical to. Poland wor- 
ried European banks and their 
governments; Brazil stood out 
for the. sheer size;, of .its 
economy ‘ and its - , debts 
Argentina’s debt problem was 
: magnifi^i and complicated by 
the Falklands war.Bttt Mexico 
is fee mtimateconcem oTtfe 
United States, and neighbour- 
hood politics have both 
heightened and exacerbated 
financial relations. The abrupt 
departure of Mexico’s re- 
spected finance minister has 
touched a raw nerve in Wash- 

Mexico is just about eight 
times the size of the United 
Kingdom, and to much, of 
America that ratio also mea- 
sures the relative importance 
of its third-world neighbour 
and its first-world cousin. It 
was when Mexico warned that 
it was running out of money to 
repay its bank loans, back in 
1982, feat the problem of 
international debt forced its 
way on to statesmen’s agendas. 

For some time it seemed 
that Menco might conve- 
niently provide the exemplar 
for other debtors. Central and 
commercial bankers, officials 
of fee US Treasury and fee 
International Monetary Fund, 
could all point to Mexico as a 
case-study in skillful debt 
rescheduling and sensible in- 
stitutional support- 

In 1983-84, Mexico em- 
barked on an economic 

stabilization programme am- 
bitious enough to satisfy the 
IMF, and came to terms with 
its bankers. Mr Jesus Silva 
Herzog, Mexico’s finance min- 
ister, became an international 
figure of repute, until this week 
much Javoured by Mexico's, 
bankers to succeed- President 
Miguel de la Madrid m two 
gears’ time. • ; . . \ ; .... 

: Last year, however, fortune 
turned ' against -.Meneo; ..'In 
.? human terms* the^arthquake 
:in Mexico City was the worst 
disaster, but it was the sharp 
fall in the price of dU that 
began test autumn which did . 
most financial damage, crip- 
pling those whose grip •. on 
Mexico’s finances were al- 
ready : slipping. Mexico ' lost • 
sight of its IMF targets, A new 
round of negotiations with its 
minders in fee international 
institutions (behind . winch 
stands fee US Treasury) began 
this year from fee poor starting 
point of flagging output and 
rising inflation. 

Worries -about Mexico did 
much to explain the change of 
tune sung by the US Treasury 
Secretary, Mr James Baker, 
who last autumn launched an 
international debt initiative 
which talked much of support 
for growth policies and less of 
the need for economic auster- 
ity. A new package of support 
for Mexico, earning the con- 
fidence of the banks, was fee 
first test of Mr Baker’s 

The task was nearly done. 
The US Treasury halfan- 
nounced an international 

package of public and private 
finance for 1986. In Mexico, 
fee strains were too great Mr 
Silva Herzog suffered fee con- 
ventional fete of the go-be- 
tween. His successor is said to 
subscribe to most of his views. 
It is not clear he has. the force 
of personality to impose -them 
on fee rest of fee Mexican 

At the ~very least the chang e 
,of;. pilot will further, dan- 
gerously, delay a deal wife the 
IMF; worse fears that Mexico 
may declare a moratorium, 
either in theory or in practice, 
are rumbling through Wash- 

Such a development would 
cause wide ripples of damage. 
First to fee fragile illusion feat 
the world debt problem, 
though serious, is under con- 
trol. Second, to Mr Baker’s 
resumption of American 
responsibility, through an ini- 
tiative seen to have foiled its 
very first test Third, to Mex- 
ico, itself setting back the 
momentum of economic re- 
form long overdue, painfully 
begun and for from complete. 
And fourth, to relations be- 
tween the United States and 
Mexico, fee one third-world 
country whose health and 
humour are of inescapable 
importance to the most power- 
ful economy on earth. It 
should not be beyond Ameri- 
can skill to devise ways of 
averting the danger, nor be- 
yond Mexican sense - even 
without Mr Silva Herzog - to 
come to terras. 

From Lord Swum, FRS 
Sir, One can well understand why, 
in the present climate, the Univer- 
sity Grants Committee felt it 
would be prudent to attempt an 
assessment of the quality of 
academic research. But to judge 
from comment in your columns 
and elsewhere, it seems to have 
been an unfortunate esterase, on 
which ii would be unwise to put 
undue weight 

Some universities and some 
departments have scored well, 
which is pleasing for them. Others 
have scored poorly, which must be 
dispiriting. At the same time, as an 

erstwhile vice-chancellor, I am 

well aware of bow readily the 
research quality of departments 
can change, for the better or far the 

What, then, is likely to be the 
net result of this assessment a few 
years hence? I hope it wiD not have 
generated too much satisfaction 
amongg the high scorers, with a 
possible decline in quality: and 
that the low setters win have 
taken heart and proved their 
ratings wrong. 

We bear a lot these days of the 
merits of “peer review” and it 
may, I suppose, be the best 
method we nave of making instant 
judgements on the quality of 
research; but it is notoriously 
fallible. Research is most often 
underrated when it does not fit in 
with current orthodoxies, or is 
deemed to be unfashionable. Yet 
h is from just these areas that 
important work often emerges. 

to taxe just two well-known 
examples; Darwin's Origin of UlTIgUyailS: 
Specie s was vilified by the scien- 

tific establishment of the day and From Mr Ralph Emery 

only supported, initially, by T. H. 
Huxley and a handful of others, 
while Mendel's classic paper, fee 
basis of so much of modern 
biology, fared even wrose — it was 
totally ignored for 34 years, de- 
spite the fact that he sent copies to 
all fee leading biologists of bis 

If such things can happen to fee 
great men, and they do, one can 
scarcely fed altogether confident 
wife fee assessment of even a 
single research grant application 
and much less so wife fee ill- 
defined sort of “peer review” 
implicit is the present exercise. 

One can only hope feat fee 
University Grants Committee is 
not inclined to take its own 
conclusions too seriously. And 
feat fee results of this review, as 
opposed to fee merits of particular 
cases, do not start influencing fee 
allocation of research moneys by 
fee research councils and fee 
private foundations. 

No one can be sure of getting 
“peer review” right, but at least 
the overall chances ofdoing so are 
improved if there is a range of 
grant-giving bodies, each making 
their own independent decisions, 
rather than echoing the University 
Grants Committee’s opinions. 
Yours faithfully, 


House of Lords. 

June 14. 



North and South 

From Dr Peter Gold 
Sir, L too, saw the Panorama 
programme on unemploymeat re- 
ferred. to by the Reverend John 
Giles (June 16) and I felt a grrat 
sense of frustration at fee mis- 
match between fee geographical 
location .of work available in fee 
South and -willing workers living 
in the North. 

But fee suggestion by Mr Giles, 
even if feasible, is not the answer. 
His call for Government assis- 
tance to bridge differentials in 
house prices so that people can 
afford to move .south (a) assumes 
that fee job-seekers own their own 
homes, whereas many will be 
council tenants who stand no hope 
of obtaining similar property in 
the South; (b) minimizes house- 
price diffe rentials, which can he 
IQO per cent or more; (c) assumes 
that there are buyers for homes m 
the northern towns which can 
offer no jobs; and (d) accepts fee 
notion that families should be 
expected to uproot themselves in 

I ■ suggest that a mote for- 
reaching — and I believe accept- 
able — solution should be sought- 
This country has tong since 
needed a proper regional develop- 
ment policy, whereby central gov- 
ernment would enable regions to 
attract investment through the 
establishment of regional develop- 
ment agencies and regional enter- 
prise boards. ; 

AsoTinton^to this proHem will 
only come when .we have a 
government whicbrtcOgmzes mat 
there is fife north of Watford and 
that people itfonMoiive and work 
forte. ; to. must; : be central 

government’s role to- give foe 
capacity to the radons to develop 
their own future. „ . . V 
Yours faithfully, 


39 Edgehill Road, 

SfceffiekLSouth Yorkshire. 

June 17. 

Role of warships 

From Dr T. J. G. Francis 
Sir. 1 was intrigued by Lieutenant- 
Colonel Wythe’s assessment of foe 
viability of the surface warship. 

(June 7). It has been recognised for 
some time that the capital ships of 
today are nuclear submarines. But 
there is one function of surface 
ships which foe submarine cannot 
successfully perform — “showing 
the flag”. 

This has been a traditional 
peacetime role of warehips for 
generations, serving both" to suc- 
cour one’s friends and to impress . 
one's competitors. Nuclear sub- 
marines. however, arc much loo 
vulnerable on fee surface and-top 
valuable to be allowed to loiter 
about in foreign ports. . "■ 

How then would this role be 
performed if the original players 
were no longer available? indeed, 
is there still a role for warships to 
further a nations political and 
economic aims in this way? 

A solution 7 to this problem 
which Fiance and West Germany 
have bit upon m the last ten yeara • 
is to use their oceanographic 
research ships. These vessels regu- 
larly operate in fee Far East and 
foe SW Pacific, visiting countries . 

such as Japan. Indonesia. Fiji etc • Department of ^ Italian 
almost every year. By contrast, no andUteramrc. 

British oceanographic ship has; _. .T 

operated in the eastern Indian - June I L 

Ocean or fee West Pacific in the 
last thirty years. 

Yours faithfully, 

T. J. G. FRANCIS (Head of 
Geology and Geophysics), 
Institute of Oceanographic 

Brook Road, - 

Godalnnng, Surrey. 

June 18. 

Unfruitful sideline 

From Dr - Alan Bullock 
Sir, This morning 1 received 
through the post a cheque for 
royalties which have accrued on 
one of my publications, which 
appeared a few years ago. A 
splendid large document accomp- 
anying this cheque, itself of no 
mean size, proclaims that I am the 
proud recipient of 96p, which I 
will no doubt have to declare on 
my next income tax return. 

I would not claim that this is 
entirely typical of payments that 
those in my profession receive for 
fee fruits of their scholarly 
labours; none the less those who 
currently . hold universities and 
their siaffin some disrepute might 
care to reflect on the implications 
of a situation in which feds kind of 
thing can happen and, perhaps, 
cease to grumble or to marvel at 
fee current attempts on fee pan of 
fee Association of University 
Teachers to obtain a salary in- 
crease for academics. 

Yours faithfully, . ....... 


University of Leeds, 


S Africa sanctions 

From Miss Cornelia Nayari 
Sir, F fflnniff ip sanctioning is 
bared on the notion that a state is 
not merely responsive to, but 
penetrated by and indeed depen- 
dent on economic interests. In 
South Africa it is not obvious that 
this is the case. The paranatal 
industries, occupying a very large 
part of the economy and employ- 
ing some 30 per cent of the white 
population, were created and are 
supported by fee state apparatus. 
Those who benefit from than are 
dependent on that apparatus for 
survival, not vice versa. 

Government has also proved 
remarkably successful in pushing 
other key industries to adopt 
policies in keeping wife its politi- 
cal postures, often against their 
own understanding of their 
“interests*'. Moreover, the large 
capital now floating about in fee 
South African economy is going 
abroad, presumably to assure its 
own weflbdng there. Sanctions are 
hkdy to increase the flight of 

Secondly, the apparatus of re- 
pression! js not primarily eco- 
nomic. It is through fee man- 
ipulation of foe legal order that 
not only apartheid but a position 
of nnassarlability by means of 
ordinary influence unique amo n g 
Western administrations is main- 

The few who are endowed by 

that legal order to rule are dearly 
concerned about the economy, but 
they do not derive power from it 
in any direct manner. On tire 
contrary, tbeir power derives from 
a parliamentary system rigged to 
ensure to foe executive agency 
increasing degrees of cut-out be- 
tween itself and parliamentary 
(and, by extension, interest group) 

The new constitution has 
considerably enhanced this situa- 
tion. Moreover, dangers to the 
economy provide (as in every 
state) legitimate grounds for 
extending governmental control, 
in this case by a government 
virtually unaccountable to anyone 
but itself 

Those who throw stones at 
police Caspirs [riot-control ve- 
hicles] seem to understand foe 
overall situation better than the 
world at large and their targets, if 
not their means, should be 
heeded. Sanctions, to be effective, 
must be aimed at government and 
its distorted legal apparatus, not at 
an undiagnosed and undifferen- 
tiated “economy”. 

Yours faithfully, 


Department of Political Studies, 
PO Box 94, 

Grahamstown, 6140, 

South Africa. 

June 9. 

The tax burden 

From Sir Alan Neale 
Sir, If Sir John Hoskyns wants foe 
rest of us to g rasp his “simple 
model” of the tax burden, he wfl] 
need a less cavalier approach to 
magnitudes and concepts than 
appears in tbc extract from his talk 
to the Manchester Business School 
published in your issue of June 1 1. 

He starts with the propo s ition 
that 17 million at work in the 
private sector must “pay for” five 
million working in public services, 
ignoring the taxes paid by other 
groups, including the five million 

Then we learn that an indepen- 
dent or non-working population 
of 32 milfion lives on income 
provided by the working popula- 
tion, largely through the mecha- 
nism of the welfare state, and that 
this “tax overhead” threatens to 
make the 17 million producers 

But some two thirds of foe 32 
million are presumably our wives 
and children. Burden these may be 

Gallery director 

From Mr Hugh Leggatt 
Sir, Mrs Geraldine Norman, in her 
report (June 16) concerning Sir 
Michael Levey's successor as 
director of the National Gallery, 
writes feat “there are rumours 
circulating that the job may go to a 
candidate overseas”. These ru- 
mours in the main relate to certain 
eminent American museum direc- 

However, there is a fun- 
damental difference between the 
responsibilities of a museum 
director in America and a director 
of one of our own national 
institutions. Unlike the Ameri- 
cans our directors advise fee 
Government regarding matters 
which are nor solely confined to 
the all-round administration of 
their museums: indeed, they play 
a crucial role in acting as expert 
advisers, on whether or not an 
object is referred to the Reviewing 
Committee on the Export of 
Works of Art. But by for the most 
substantial buyers in the world are 
fee Americans (bearing in mind 
(hat works- of an exported to. for 
example, Switzerland are merely 
in transit to the United Stales). 

Ifan American coming, after all, 
from a country where there are no 
export regulations, were to prove, 
or even be thought to be liberal in 
countersigning export licences 
without reference to fee reviewing 
committee, there could arise 
considerable controversy, leading 
to accusations of conflict of in- • 

Yours faithfully, 


Leggan Brothers, 

17 Duke Street, 

St James’s, SWl. 

June 16. - 

in some ways, but it is unusual to 
describe our support for our dear 
ones as a form of taxation, an 
overhead, or even an aspect of the 
welfare state. 

Even when we reach Sir John’s 
real bete noire , Le^ support in the 
form of transfer payments funded 
out of taxation, it is, of course, far 
from established truth that taxes 
are costs which affect competitive- 
ness. The whole discussion is in 
any case vitiated by fee assump- 
tion foal “producers” only occur 
in foe private sector. 

Can it really be fee case that a 
nurse becomes usefully produc- 
tive only if she leaves fee NHS for 
a private clinic or that auditing 
Ministry of Defence accounts is 
unproductive compared with 
auditing private companies’? And 
is it clear that I automatically 
become better off and better 
motivated if I pay, say, £50 for 
refuse collection to a private 
contractor instead of to a local 
authority through fee rates? 

There are real and important 
issues to be faced about how to 
provide adequate and effective 
public services within acceptable 
levels of taxation; but they are not 
much illuminated by this kind of 
special pleading. 

Yours feith fully, 


95 Swains Lane, N6. 

June 16. 

Sir, Mr Simon Barnes, comment- 
ing in your sports columns today 
(June 18) on World Cup TV, may 
be justified in criticising the 
behaviour of Uruguay’s pro- 
fessional footballers, but to aver 
that Uruguay has dealt itself a 
crushing blow, has made a billion 
enemies and that, in fee eyes of fee 
world, fee entire Uruguayan na- 
tion are cheats is not only arrant 
nonsense, but it gratuitously in- 
sults a small but proud nation, 
friendly to Britain since we helped 
to establish its independence in 

The writer is perhaps too young 
to remember fee lone stand in 
South America taken by Uruguay 
at the outbreak of fee Second 
World War in support of the 
Allied Forces and in particular the 
attitude of fee people towards 
Britain in those heroic days. The 
episode of fee German battleship 
Graf Spee, the volunteers who 
came over to join up, the collec- 
tion of funds for Spitnres, the food 
and clothing parcels sent to the 
UK, the welcome given to British 
troops resting in Montevideo on 
their way home from other sta- 
tions, all these were typical mani- 
festations of Uruguayans as 
people. They were, and continue 
to be, sincere, friendly and civi- 

Unfortunately, all sense of 
perspective seems to get lost 
among fee minority of fee world’s 
population that watches football, 
it is no excuse for insulting an 
entire nation. 

Yours fiafefuily, 

RALPH EMERY (Vice-President, 
The British Uruguayan Society), 

1 1 Ironmonger Lane, EC2. 

June 18. 

Soil survey map 

From Mr J. M. Hodgson 
Sir, While accepting whole- 
heartedly Mr E A. Edmonds's 
point (June 16) that systematic 
surveys of soils and geology are 
essential for our country's future I 
feel that he is a little out of date. In 
1983—84 the generalised 
1:100.000 soil map was super- 
seded by a 1:250,000 map of 
England and Wales which was not 
based on extrapolation from Geo- 
logical Survey maps but was 
derived by field survey during the 
previous five years. This map, 
with its six accompanying regional 
bulletins, provides a wealth of 
information about our soils which 
1 could not be obtained from geol- 
ogy maps. 

Mr Edmonds also says feat both 
surveys publish at the 1:50,000 
scale; alas, this is no longer quite 
- true as the Ministry of Agriculture 
has withdrawn funds from strate- 
gic soil mapping at this scale. 
Although there are four 1:50,000 
maps in fee pipeline none has yet 
been published. 

Finally, although it is true that 
fee two mapping programmes are 
not formally co-ordinated, funded 
as they are by different ministries 
and administered by different 
research councils, there have been 
close links at various levels for 
many years and we look forward 
to continued and increased co- 

Yours faithfully, 

J. M. HODGSON (Chief of Field 

Soil Survey of England and Wales, 
Rolhamsted Experimental 

Harpenden. Hertfordshire. 

June 17. 

Increases compared 

From Mr David T. Welch 
Sir, In the Finance and Industry 
section of today's edition (June 
16) your leading article states: 
“Factory pay rises down but still 
too high, say CBP. 

The Sunday Times of the 
previous day tabled the 1985 pay 
increases of Britain's 100 top 
company directors. These av- 
eraged out at 28.3 per cent, 
compared with the 6.25 per cent 
for employees in manufacturing 
industry, which foe CB1 says is 
still for too high. Is this a classic 
case of “Do as I say. not as 1 do”? 
Yours faithfully, 


30 SunnyfieW, 

Mill Hill, NW7. 

June 16. 

Hampton Court limes 

From Mr W. E. Matthews 
Sir, I was interested to see Mr 
Marius Goring’s letter (June 14) 
commenting on the latest develop- 
ments in the Department of the 
Environment's campaign to have 
foe lime avenue surrounding the 
Great Fountain Garden removed 
and replaced. 

The arguments put forward 
against a gradual replacement of 
these trees (which we advocated at 
fee original enquiry eight years 
ago) are those of lack of uni- 
formity in what is one of the last 
remaining formal gardens. 

In my opinion (apart from the 
English abhorrence of uniform 
gardens) either fee original choice 
of tree was at fault or fee planting 
was intended not so much as an 
avenue but as a backcloth to ’ 
screen the urban scene beyond. 
The choice of common time for a 
uniform avenue is puzzling as they 
are fee least uniform of trees and 
rapidly develop into an awful 
tangle as they mature. The only 
way of making them conform is by 
heavy annual pruning, as the 
French have demonstrated for 

Although some 20 or so of the 
original trees are now nearing the 
end of their lives, there are over 
100 others making up the remain- 
der of the screen which are wdl- 
shaped. healthy young trees. Then- 

removal will not only open out the 
view to Kingston beyond but also 
highlight fee large black “mush- 
rooms” of dipped yew in the 

The planting of 198 semi- 
mature trees is no guarantee of 
uniformity either, as they are 
difficult to establish and can grow 
at different rates according to their 
soil and situation. Infilling by 
planting in the existing open 
spaces and those created by 
removing the remaining old trees 
would preserve most of the screen, 
especially if larger trees were used. 

The distress so drastic a solu- 
tion as feat suggested by the 
Department of the Environment 
would have on the general public 
who, when all the aesthetic argu- 
ments are exhausted, have to foot 
the bill, should also be considered. 

If the present avenue has to go I 
would question the use of Tilia 
“Pallida” one of the large-leaved 
limes, as a replacement tree. The 
small-leafed time (Tilia cordma) is 
a lively, liquid, moving tree, 
whilst the leaves of its larger 
brethren hang limp like wet 

Yours faithfully. 


Managing Director, 

Southern Tree Surgeons ltd. 
Crawley Down 
Crawley, West Sussex. 

June 16. 


JUNE 23 1870 

Our Occasional Correspondent 
icas Malcolm McColl, whose 
article exceeded 8,000 words 

Neither viators nor natives, 
take it, had much sleep here on 
Sunday night. A band of music 
paraded the village in the eariy part 
of the evening, and aO through the 
night the air was alive with the 
sound ofiurman voices, the tread of 
many feet, and the rambling of 
carts and carriages, with now and 
then a boom of a gun. The 
inhabitants began the day with 
solemn acts of worship to Him thus 
details of whose passion were about 
to be acted before their eyes “for 
thankful worship and edifying 
contemplation." There were 
masses evexy hour from 2 o'clock to 
7. Our landlady had our breakfast 
ready for my friend and myself at 6, 
and we bent our steps towards the 
theatre about 7. The day was 
gloomy. It rained all through the 
night and eariy morning; but now 
only a few drops fell at intervals. 
Stiff the weather looked anything 
but cheerful. The sky was leaden 
and sullen, and the surrounding 
mountains were covered with thick 
mist down almost to their base. On 
reaching the theatre a few minutes 
after 7 we found it fill] almost to 
overflowing, except the compara- 
tively small portion which was 
roofed over. This was about half 
full. We presented the tickets 
which Herr Gutsjell had procured 
for us, and were shown into the two 
best seats in the theatre — the arm- 
chairs intended for Royalty, which 
I mentioned in my last letter. 
Royalty had not put in an appear- 
ance on this occasion, and so our 
kind host managed to get the 
vacant chairs warigwid to us. 
Considering that the Play lasted 
eight hours and a half, with an 
interval of an hour in the middle, it 
was a great boon to be seated in 
comfortable arm-chair, with 
ledge in front for one's book. Before 
the clock struck 8 the theatre was 
as full as it could hold, and 
presented a picturesque appear- 
ance. Every variety of dress was 
represented, from the last Paris 
fashion to the traditional costume 
of the Tyrolese mountaineer, 
which consists of a shooting jacket 
with green collar and fedngs, 
waistcoat attorned with rows of 
shining buttons, abort breeches 
reaching within two inches of the 
knee, and green woollen leggings 

which cover the calf; but leave the 
knee and about an inch of the small 
part of the leg exposed 
Here the writer began to de- 
scribe in detail the action, ' scenes 
and tableaux. 

So ended the moat remarkable 
relic still surviving of the old 
religious drama. I went to see it 
with very mixed feelings. From 
what I had heard and read I was 
prepared for a striking exhibition, 
but also half prepared for some 
rude shocks to one's natural sense 
of religious propriety. So impoeai 
ble did it seem to represent on a 
public stage and in a worthy 
mann er the sublime story of Geth- 
semane and Calvary. Well, I have 
seen it, and I shall go home with 
the conviction that the thing is not 
impossible where a vivid faith and 
an intense devotion are combined 
in the r epresentation. I have never 
seen so affecting a spectacle, or one 
more calculated to draw out the 
best and purest feelings of the 
heart. It is. of course, impossible to 
answer for the feelings of others; 
but I can say for myself, and for 
several other spectators of the play 
whom I have consulted, that there 
was nothing from the beginning to 
the end that need shock the most 
sensitive religious instinct. We are 
too apt to forget that the deepest 
and the most imprssions 

are generally those which reach the 
mind through the eyes. A good 
portrait of an absent friend gives a 
far better idea of him than the 
most brilliant verbal description; 
and this is true in a special degree 
of minds not accustomed to trains 
of reasoning. By means of images 
imprinted on the eye their minds 
will grasp a in a few hours a whole 
series of facts which it would take 
months, perhaps years, to convey 
the understanding without the 
aid of a pictorial representation; 
and even then the impression will 
not be half so real or so enduring as 
that which passes through the 
avenues of the senses. Here in a 
single day the history and destiny 
" the human race were engraved 
the minds and hearts of some 
thousands of persons in a way they 
are never likely to forget— 


From Dr R. H. Mackay 
Sir. With respect to Dr Black (June 
16), “Hurrah, hurrah she's going 
to Crewe” would ieti me more 
about the patient's doctor than the 

Perhaps fee notorious delay in 
transfer of records has an advan- 
tage after all! 

Yours faithfully, 


Temple House, 

Station Road, 

Churchdown. Gloucester. 

June 16. 

Knowing one's place 

From Mr Joseph Xavier 
Sir. Ever since I was a lad I have, 
had an identity crisis. I thought I 
was a Negro, but was later 
corrected and lold feat I was’ 
coloured. However, a friend who . 
looked much like me assured me 
he was African. Soon I was 10 
discover that we were both black. 
Bui now. ai Iasi. 1 have truly found 
myself — I am of ethnic origin 
(caption. p2. The Times, June 17). 
Yours sincerely. 


4 1 Windsor Road. W5. 

June 17. 





JUNE 23, 1986 

Making money out of money- 

Today an exhibition 
opens in London 
that celebrates 
the Royal Mint’s 
1 . 1 00th anniversary. 
Alan Hamilton meets 
the modem Mint’s 
chief executive 

D r Jeremy Gerhard 
must be 'one of the 
only manufactur- 
ers anywhere who 
relishes the 
I thought of inflation, normally 
; regarded as the witches’ curse 
■ ofBritish industry. In fact he 
' is not averse to a spot of 
■ revolution either, and unsta- 
ble dictators who come and go 
with the speed of mayflies 
■ brings rosy glow to his cheeks. 
* It must’ not. however, be 
- rampant uncontrolled infla- 
i tion. because people then start 
: buying bus tickets with wheel- 
barrows fell of paper money. 
: And it must be said that, 
• despite his vested interest in 
revolutions. Dr Gerhard 
■ would really much rather 
1 nobody got hurt. As for dicta- 
; tors, afl he wants is their head 
! on a plate — an engraving 
' plate. 

Dr Gerhard is chief execu- 
tive of one of the oldest 
; manufacturing institutions in 
• Britain, and one of the best 
! known. What is less well 
• known is that since 1975 the 
‘ Royal Mint, although wholly 
- government owned, has been 
! run as a commercial enter- 
’ prise, and its officers are 
expected to make money out 
of making money. 

Which is why Dr Gerhard 
likes inflation and revolu- 
tions: inflation means more 
■ demand for coins, and revolu- 
; tions almost always mean that 
a country's coinage has to be 
entirely replaced to accommo- 
date the benevolent profile of 
• its new ruler. Not that be 
| wishes either of those eventu- 
■ alities upon Britain; making 
* the standard British coinage 
• now accounts for less than a 
■ quarter of the Royal Mint's 
; sales, and the major growth 
: area is in manufacturing coins 
; for overseas. 

Over the 1 1 years since the 
Mint was put on a commercial 
footing. 24 per cent of its sales 
have been in making the UK 
coinage for circulation. 16 per 
cent in proof coins for sale to 
collectors, and 60 per cent in 
the making of coins for export. 
Export business is growing; in 
1985 it supplied the coinage 
far over 63 countries, from 
Ascension Island to Zambia, 
and exports rose to 63 per cent 
of total turnover. 

The Royal Mint is a sepa- 
rate government department 
and Dr Gerhard, its Deputy 
Master, who acts as its chief 
executive and accounting offi- 
cer, reports directly to the 
Master of the Mint, a post held 
ex officio by whoever happens 
to be the Chancellor of the 
Exchequer of the day. 

Since 1 975 the operations of 
the Royal Mint have been 
financed by means of a Trail- 
ing Fund in accordance with 
the 1973 Government Trad- 
ing Funds Act The only other 
bodies in a similar position 

JlP /=•• ■JWM 



-VA**.: is' *’,"**.*- 

Profit in 1985 
exceeded £5m 

are the Crown Suppliers and 
the Stationery Office. It means 
in effect that the Royal Mint 
has to be managed as a 
commercial enterprise earning 
sufficient profit to pay interest 
on its loan capital and to pay 
an adequate dividend on its 
public dividend capital. 

Its corporate plan covering 
a five-year period is “rolled 
forward" each year and is an 
important instrument of man- 
agement control. At the end of 
each financial year the audited 
accounts are published as a 
White Paper and in an annual 
report. Operating profit has 
been variable, but in 198S still 
reached just over £5 million. 

Making the standard British 
coinage . offers the Mint the 
least opportunity for commer- 
cial enterprise. As Dr Gerhard 
explains: “The UK coinage is 
a monopoly — our only mo- 
nopoly — so our profit is 
restricted. We have to produce 
it within a standard cost We 
are not concerned with the 
face value of coins. We make 

C* i 

Chan ge in time; Dr Jeremy Gerhard, the Mint’s chief executive, and (above) malting coins at the Tower of London in 1809 

can rocket i£ for example, a 
packet of cigarettes rises from 
£ 1.20 to £1.22. 

W ; 

and sell pieces of metal. When 
we deliver coins to the hanks 
we collect tire face value and 
pass it straight on to the 

But the UK coinage is still 
big business. In April of this 
year approximately 1 1,500 
million coins of ail denomina- 
tions were in circulation, of 
which 725 million were £1 
coins. During the 1985-86 
financial year the Royal Mint 
struck a total of 1 73 million £1 

Coin is curious stuff; and 
not at all like paper money. 
You could, in theory at least, 
deposit a £1 note with the 

Bank of England and earn 
interest on it, but you can do 
no such thing with a £1 coin. 
There is a net loss of coins 
every year; they just disap- 
pear, presumably down the 
backs of the nation's sofas. 

Every Monday morning, 
the Mint meets representa- 
tives of the clearing banks to 
inquire how much coin they 
will need for the following 
week. Bank A may be accumu- 
lating vast amounts of coin, 
from vending machine opera - 
tors down to an amusement 
arcade, while Bank B may be 
paying out equally large 
amounts. Demand for coin 

By far the commonest coin 
at present is the penny, with 
nearly 4,000 milli on in circu- 
lation. It is the one British 
coin whose cost of production 
is now coming perilously dose 
to its face value, and will 
exceed it if there is a rise in 
world copper prices. Next 
commonest are the two pence, 
at 2,549 million, and the five 
pence at 1,933 million. 

Since Dr Gerhard took over 
at the Mint in 1 977, there have 
been only three new coins 
issued: the 20p, the £1 , and the 
new £2 commemorative for 
the Commonwealth Games, 
of which Just under seven 
million are in circulation. The 
£2 is definitely a one-off, -Dr 
Gerhard insists, and there are 
no plans to introduce it into 
the coinage in large numbers. 

Part of Dr Gerhard's func- 
tion is to advise ministers on 

the coinage, although it is they 
who have the final say. There 
was some discussion on 
whether to introduce a 20p or 
a 25p coin; the purpose was to 
reduce the weight of lOp coins 
in circulation m readiness for 
the £1 coin. It is a mathemati- 
cal feet that a 20p coin win 

New 20p coin ‘a 
great success’ 

dispose of the need for more 
lOp coins than would a 25p, so 
20p it was. 

Dr Gerhard and his col- 
leagues listen to many submis- 
sions when a new coin is in 
preparation, chief among 
them the views of the vending 
industry and of the Wind. 

“There is no doubt that the 
20p was a great success," he 
said. u l am afraid that we 
greatly underestimated the de- 
mand for it. With its raised 
rim. it was designed very 
much with the Wind in mind. 
The £1 was also designed for 

the needs of the Wind, being 
very thick. Originally it was 
going to be much thinner, to 
suit the requirements of the 
vending industry, but the 
blind took precedence." 

Nevertheless the operators 
oft vending machines are a 
powerful voice in coin design. 
“One of the factors leading to 
the £1 coin was London 
Transport's demand for a 
high-denomination coin so 
that they could sell higher- 

priced tickets for their longer 
Underground journeys from 

Underground journeys from 
ticket machines, to cut queues 
at the ^booking office 

Some vending machines are 
now higfey sophisticated, and 
coins have to be made from an 
alloy that their electronic sen- 
sors will be able to identify as 
the genuine article. 

“The coinage changes by 
evolution, ana very slowly, 
except on very rare occasions 
like the introduction of 
decimalization," says Dr 

Gerhard. “Generally, it is a 
slow process of inflation, with 
the lowest denomination 
dropping off tire bottom, and 
. high denominations being in- 
troduced at the top. 

“The British do rol on the 
whole, like regular issues of 
commemorative corns, except 
on the rarest, and usually 
Royal, occasions, like a Coro- 
nation. We thought it most 
unlikely, for example, that 
Britain would wish a World 
Cup commemorative — what- 
ever the results from Mexico." 

The British may not like 
commemorative coins, but 
they are extremely food of 
medals — 650 awarded in the 
recent Queen's Birthday Hon- 
ours. It is another side of the 
Royal Mini's work which Dr 
Gerhard, a distinguished ca- 
reer dvfl servant, advertises 
proudly on his lapel when he 
is in full formal dress. His 
insignia of a Commander of 
the Order of Bath, naturally, 

Rthier BiinuL’ter ( England) 
GoldMedollL't ot i mile - /W 

Peter Snell fJVVic Zealand) Got 1 dfedallLo 
al SSOyank' and / mile - I9b2 

Kip Heim • (Kenya) Gold Medallist 
at l mile - !9o6 and 15 ft? metre. • - 1970 

Steve Cram (England) Gold MediUirl 
at 1500 metre.' - /At? 

Tbe 1986 I'nited Kingdom Proof Gold Set comprises- Sovereign, 
the an- Double Sovereign and Half-Sovereign 

Qnyour marks, get set...gpld 

Celebrate the 1986 Commonwealth Games 
with limited-issue gold and silver coins from the 
United Kingdom... but hurry. 

The obverse bears the new portrait of Her 
sty the Queen by the artist Raphael Maklouf. 
Tne silver coin is struck in sterling (.925) 

This years set contains the new £2 and the 

silver to the highest quality- Proof standard. Only 
75,000 of these superb coins will ever be issued. 

In 195-4, at the then British Commonwealth 

■ Games. Roger Bannister made history by 

■ breaking the *4 minute mile...again. 

i In the 1966 Games no less than 15 world 
‘ records were broken in the swimming events alone. 
\ Undoubtedly, in the summer of 1986, more 

records will Fall and new stars will emerge at the 
* XIII Commonwealth Games in Edinburgh. 

: To mark this historic occasion the United 

'<■ Kingdom has taken the unprecedented step of 

■ issuing" a very special new coin. The new United 

■ Kingdom £2 coin. _ 

Kingdom £2 coin. 


The 1986 £2 coin is in itself a 
iece of history. Because it is the a 
rst ever legal-tender coin froirutf 

hrst ever legal-tender coin frorn^ 
the U.K. to mark a sporting Jam 
event. This is good news for 
collectors of British coins. 

And also for the growing number 

of collectors who specialise in % ^ 

coins depicting sports. ^ \8jft » 

THE 1986 \ 1 


Now, you can be one of the 
few — throughout the world, 
to own this historic coin 
(the Double Sovereign) 
in gleaming 22- carat gold. 

Either on its own. in an elegant , 

presentation case, or as par. £££ £££& 

or the 198b 3-Coin Proof Set. fw.*nMum <«.*. 

In addition to the new Double Sovereign, the 
1986 Gold Proof Coin Set comprises two famous 
British coins: the Sovereign ana Half-Sovereign . 

A maximum of only 12,500 sets will ever be 
i issued. And only 5,000 Double Sovereigns, 12,500 
^Sovereigns and Half-Sovereigns will ever be 
available individually. . . 


This is the first ever £2 coin to be struck in 
silver. Until now, it has only been available in gold. 
Like the 1986 gold version, the reverse design 

75,000 of these, superb coins will ever be issued. 

Taking into account that issues are limited 
and demand is likely to be high from collectors 
throughout the worfd, please place your order as 
soon as possible. 


new Northern Ireland £1 coin. 

The race for all these beautiful coins has 
already begun. Please complete the coupon 
below and das h along to your nearest post box. 

Roy al Mint. FREEPO ST. P.O.Box 500. Cardiff CF1 I YY. Tel: 0443 333880. 


I To: the Royal Mini, FREEPOST. P.O. Box 500. Cardiff CF1 I YY. 1 
1 < No stamp needed >■ Please send me the following: I 

— — 1986 UK 3 -Cain Cold Collection 
at £<J99.95 (Code: DWQ36) 

———The I98o UK Double Sovereign at £299.95 
(Code: DWW » 

19863 Coin 
Cold Ser 

1986 Double 


1986 Sovereign 



1986 £2 Silver 







see below 

see below 

sec below 

aee below 





. 15.98g 






19.3mm ; 









(&5rSwSr UKCoU Sowrien “ CHM5 

*57 Rfi* UK 00,(1 * - ot-95 

iCTro5uKP^“ Mwer FpDO, ' Coia “ 

Tbe neuf DouNe StryiYigu, S^ereign and Hglf-Smveettin areamihible 
mdii-idu.ilfy . at pfu.-t pneeeatalb'a eases. 

ukc tne i7oo gold version, tne reverse design 
depicts St. Andrew's Cross together with a Scot- 
tish thistle and victor’s crown of Laurel leaves. 

The new £2 coin, like the UK Crown, is not intended for general circulation. 
It is purely * commemorative issue. 

Eveiy year, the Royal 
Mint issues a complete set 
of all the circulating coir 
of the United Kingdom. 

These are struck in base 
metal (non-precious) 
to gleaming Proof 

I — .The 1986 UK Base Meral Proof Coin set in 

\ Peliwe presentati on c awe at C28.2S fCode.- ns* nv> 

All prices quoted bidude VAT and delivery charees. 
Pteaae allow up u 28 dqys for deliver All orderHre 
tubpet to awulabiiny. Any order* received once the 
I ruue limits have been reached will be returned promndu 
I I wi&h to ruv For mu 



. , . wiu uc r 

coin (a) a* follows: 

H io The Royal Alim. 

□ DEBIT MY ACCESS □ VISA Dcand account. 

Account No. c . , 

■ Ejcpny date 




The 1986 S-mn Prwf Set ,-bmm dArnr, 

cwmcu in a deluxe red leather true. 

faff - ' 

■■iiiiurua way, romposea or tne uw ponucai pmygromuc ana n is a ' American cEaritable fund. 


f rich in those atavistic ^minerals 'yon know noth^? ® 


‘ .R x « . 

23 - 19 8s 

**EJ j, 

! U' rr 

«• ' ' < 

1 1 -v: o{ 


• r' / . # 

• r '^‘ 



•■ • • ■ as E- 

,-'■•«» ibj 

; — t- bc 

• "ri. 

• i **■« 

’ ' * '-SB Jig 
• • •• ?.«?-<* 

• : -JCj 

r; *«.* 

"K ’ 


: ‘**fc2:s 


" ass 
* jpf =cr 

* tf: 1 

— -V 


It is, not surprisingly the 
Chinese who are generally 
credited with the invention of 
coinage, at a quiet moment in 
their history around the sec- 
ond .millennium BC when 
they were not otherwise" en- 
gaged inventing gunpowder dr 
printing. The earliest types 
were small-scale bronze, pro- 
. duction of common barter 
objects, like- knives or sparfps 
• Croesus of Lydia, the aiv 
went kingdom of Asia Minor, 
acquired his reputation for 
legendary wealth at least in 
pan because he was among the 
pioneers in the west of the idea 
of gold and silver coins in the 
6th century BC. But the wild 
tribesmen of Britain did not 
bear of the notion of precious 
metal tokens to replace barter 
until much later. 

Minting began among the 
Celtic tribes of Britain in the 
• firet century BC The earliest 
coins, _ crude imitations of 
those circulating in 'what is 
now southern France; were 
cast in moulds, but the Celtic 
moneyers soon learned the 
superior skill of striking coins 
by hand in dies. 

Celtic coinage disappeared 
with the arrival of the Ro- 
. mans, who brought their own 
currency. into general circula- 
•’ tion. For a time at the end of 
the third century AD Roman 
coins were actually struck at a 
mint in London. It was of 
uncertain location and brief 

For at least two centuries 
‘ after the Roman withdrawal 
no coins appear to have been - 
struck in Britain. But follow- 
ing the consolidation of the 
English kingdoms, a London 
mint was in operation again 
- soon after 650 AD, producing 
gold coins at first but soon . 
switching entirely to silver. 
These silver coins, known as 
■seeattm, are the first -English 

- Its existence was - at first 
precarious, and it was only 
one of many mints upland 
down the country. It- was erf 1 
lesser importance than the 
mint at Canterbury, and its 
production was more than 
once interrupted by attacks 
frortr marauding Danes. 

In 886 AD Alfred the Great 
occupied London and, accord- 
ing tothe Anglo-Saxon Chron- 
icle,^ English people that 
were hoi under subjection to 
the Danes submitted to Turn.'’ - 
Alfred -celebrated his success 

The first silver penny, 
despite marauders 

wtth a large issue of silver 
pennies from the London 
mint, with his own stylized 
portrait on the obverse and 
the name “Londonia” in the 
form of a monogram on the 

That issue provides the 
earliest reliable origins of the 
Royal Mint, and it offers the 
excuse in 1986 to stage an 
exhibition celebrating 1,100 
years of minting history. 

At that time London was 
one of 30 or more mints, 
which by the reigo of Etbelred 
in the late 20th century bad 
grown to more than 70, mostly 
in southern England in all the 
major market towns. The idea 
that manufacturing money 
should be a Government mo- 
nopoly was still a long way off 
The co Los were made by - local 
“moneyers’* to satisfy local 
needs, in an age when travel to ' 
the next town was not an 
undertaking to be viewed 
lightly. • 

By the time of the Norman 
Conquest their number was in 
decline, and from the early 
1 3 th century minting was 

confined mainly to London 
and Canterbury. From mid- 
16th century. London’s mo- 
nopoly was virtually 

The death of private enter- 
prise coin manufacture ap- 
pears to have been signalled in 
1279 by the appointment of 
William de Tunremire as 
master money er throughout 

In die 13th century 
coinage was moved 
from back-street 
shops to the Tower 

England. He had charge over 
the provincial m inters and the 
severed moneyers in London 
who had their workshops in 
Old Change, conveniently 
near the goldsmiths' quarter in 

From Tumem ire's time, 
miming became an altogether 
more regulated business. He 
moved coin manufacture 
from ibe blacksmith’s shop of 
the back streets into the Tower 
of London. Here the Mint was 

to remain for 500 years, and 
he introduced new denomina- 
tions of halfpennies and far- 
things, abolishing the old 
practice of giving change by 
cutting silver pennies into 
halves and quarters. 

Gradually weight and fine- 
ness of metal became carefully 
regulated- The Trial of the 
Pyx, first recorded m 1282, 
was instituted to have the 
coinage tested by an indepen- 
dent jury, mainly to ensure 
that the Master of the Mint 
was not debasing h for his own 

By the middle of the 14th 
century the whole of the 
coinage was more or less 
concentrated in the Tower, 
although other mints occa- 
sionally functioned from time 
to time. The few remaining 
ecclesiastical mints stopped 
during the reign of Henry 
Vin, so that from then on, 
except at exceptional mo- 
ments like the great debase- 
ment of the coinage between 
1S44 and 1551, or the silver 
recoinage of 1696, all the 

Fifty years ago: The reducing room at the Tower, 1930s 

nation’s coin was produced in 
the Tower. 

Mechanization of coin 
manufacture, coupled with 
other more military demands 
on the Tower of London 
during the Napoleonic wars, 
finally led the Royal Mint to 
look for less cramped 
premises. Between 1809 and 
1812 the Mint was gradually 
moved to a new site on Tower 
Hill nearby, and fully 
equipped with steam-driven 
nulls and presses. 

In the 1 880s the Tower Hill 
buildings were rebuilt and 
ext en d e d to accommodate 
new coin presses and greater 
melting and roiling capacity, it 
was extended several times 
after that, as the demand for 
coin at home and overseas 
continued to increase. By the 
1960s, little of the original 
Royal Mint remained behind 
its elegant classical facade. 
This still stands, pock-marked 
from wartime damage and 
forlorn in a sea of demolition. 

It was the prospect of 
striking hundreds of millions 
of new coins in readiness for 
decimalization, coupled with 
a healthy overseas business, 
which finally persuaded the 
Royal Mini that it must move 
to a bigger and better home. In 
1967 it was announced that an 
entirely new mint would be 
built at Llantrisant, 10 mik* 
west of Cardiff This was in 
accordance with the policy of 
the time to transfer industry 
out of London and into devel- 
opment areas. 

Tbe first pbase of 
Llantrisant was opened by the 
Queen late in 1968. Once the 
initial requirement for deci- 
mal coins had been satisfied, 
production was gradually 
transferred from Tower Hi LI 
down to Wales. Melting, roll- 
ing and blanking facilities 
were completed in 1975, and 
in November of that year the 
Royal Mint in London struck 
its last coin, a gold sovereign. 

Tower Hill was finally aban- 
dooed-m 1980, and the Mint’s 
only presence in London now 
is a small marketing office 
near Victoria station. Britain's 
coin now comes from the edge 
of the Rhondda Valley, where 
a 30-acre site houses the mint 
with the hugest capacity in 
Western Europe. 


The difference a new head of state can make 

During its first ten years as a 
commercial operation, be- 
tween 1975 nod J985, tire 
Royal Mint’s cumulative sales 
amou nted to £607 min ion;. of. 
wfilch W percent represented 
export woik. ? .y.: ; .. .• 

1 a the -current financial year 
tofal sales are .expected to 
exceed £70 million, of which 
£40 million .will be from 
overseas rales to more than 70 
different countries. 

Export business has Ionff 
beena major part of the Royal 
: Mbit’s output, and not just 
from standard coinage for 
foreign countries. British 
coins also , sell well among 
foreign collectors. Last year 
for example, the Mint sold £15 
mfifion worth of proof corns to 
.North America. 

Competition to manufac- 
ture coin is intense. When the 
Royal Mint tenders for an 
overseas contract it finds that 
its most regular competitors 

are the government mints of 
Canada, and West Germany, 
With France and Brazil not far 
behind--, i **••• • 

. Countries regarded as the 
best potential export markets' 
are those with moderately . 
high . inflation which' leads to 
an increasing demand for 
coin. Or those which 
thefr head of state frequ 
necessitating a change in the 
ruler’s portrait on the obverse 
of tbe coinage. Unofficially, 
South America is regarded [as a 
good marker Mexico is a 
prime example of a country 
with a high-inflation economy 
which is regularly in tire 
market for more coins to be 

. To comb potential export 
market, the Royal Mint has 
for some years been a member 
of a consortium whose other 
members are the Bir m i ngh a m 
Mint, Imperial Metal Indus- 
tries, and the banknote printer 

Thomas de la Rue. Tbe latter 
company, which has extensive 
contacts with foreign finance 
rainistriesbecanseof its highly 
successful banknote business, 
acts as agent few the Royal 
Mint in many countries. ~ 
“Most countries want their 
coin struck by another govern- 
ment mint rather than by a • 
private manufacturer, because 
it gives them a fading of much 





Tel (01) 588 6661 • (212)740 5821 • (5)291 420 

The Tongan Two Pa’Anga 

better security,” according to 
Dr Jeremy Gerhard, deputy 
master and chief executive of 
the Royal Mint 
. Nevertheless about one- 
third of the export business 
won by the Royal Mint, either 
directly or through de la Rue, 

is subcontracted ‘to the pri- 
vately-owned Birmingham 
Mint and tbe IMI Mint in tbe 
same city. “The arrangement 
gives us great flexibility, and 
enables ns to fulfill lug orders 
very quickly,’- said Dr 

A measure of tbe Royal 
Mint’s success in winning 
“ overseas com orders is the fact 
that it has won the Queen’s 
Award for Export ..Achieve- 
ment three times. Orders also 
include militar y and civ ilian 
decorations and medals, spe- 
cial proof and high-quality 
uncirculated coins in gold, 
silver and base metals, com- 
memorative medals for gov- 
ernments, learned societies 
and private companies, and 
royal and official seals. 

The Royal Mint also oper- 
ates, in conjunction with De 
La Roe, a joint company 
known as Royal Mint Services 
Ltd., which provides advice 
and technical assistance to 
foreign mints. It can draw on 
the experience of its own plant 
at Llantrisant This contains 
some of the most advanced 
coin machinery in the world, 
with presses capable of pro- 
ducing 500 or more pieces per 
minute. With a potential out- 
put of 2,000 million coins per 
year, Uantrisant has a greater 
capacity than any other mint 
in Western Europe. 

Export business is not con- 
fined to mere manufacture. 
The Royal Mint’s tenders just 
as frequently include the offer 
to design the coinage, and a 
wide range of advisory ser- 
vices. Since 1922 there has 
been a Royal Mint Advisory 
Committee, currently under 
the presidency of the Duke of 
Edinburgh, whose task is to 

improve tbe entire range of 
com and medal design. 

The unique partnership be- 
tween the Royal Mint, repre- 
-senting the government, and 
tbe Birmingham and IMI 
Mints and De La Rue, repre- 
senting the private sector, has 
brought Britain over £400 
million in export orders in 
little over a decade: 


The new Precious Metals Unit 
Design and Project Management by: 


Consulting Civil & Structural Engineers 

CROYDON 01-6888212 HjmiiSSS* SSJS 
MfflBff 8222 33503 SOtfrHMg TON 8703 228085 

-wwat m73EU2 1 W0 »^k^ 


-Chartered Architects 
CARDIFF 0222 29020 * 

-Consulting Building Services Engineers 
CS0WBRIDGE 04463 2207. 


Mint Ltd. 

The Birmingham Mint offer their 
sincere congratulations to the Royal 
Mint on reaching one thousand one 
hundred yeammmintmg. We are 
looking forward to continuing a 
long and cordial relationship in 
-die future. 1 - 

The Birmingham Mint has a proud 
tradition as the world’s oldest 
independent mint, and today it 
manufactures coins, medals, tokens 
"and coin blaoks for over 
. 50 countries. 

The Birmingham Mint mix 

TELEPHONE: 021-236 7742. TELEX: 336991 


A-1010 VIENNA, Elisabethstrasse 12. 
TELEPHONE (0222) 58833.TELEX 1/11683 

ON 1100 YEARS 

VEW, a name synonymous with minting throughout the 
world, is justly proud of our long and happy association 
with The Royal Mint. 

Our cold work tool: steels, ranging from E.S.R. produced 
surface-hardening steel through to our powder metallurgy. 

* * K190 ISOMATRIX PM * * 

Ensures that the finest dies produce the finest coins. 
Minting demands maximum cleanliness and homogeneity, 
and hence optimum polishability and crack resistance. 

The coining die illustrated here is 
produced from our K200 brand, and 
depicts The Royal Mint Coat of Arms. 

It is an excellent example of the 
inseparable partnership between 
quality tool steel and toolmaking 

As a leading European Special Steel Producer we 
recognise the importance of applied Research & 
Development work, not only to ourselves of course, 
but especially so to our customers. 

A prime example of the success of this policy can seen 
in the introduction of our Powder Metallurgy Ledeburitic. 

* * K190 ISOMATRIX PM * * 

This material offers enhanced production costs and 
tool life, or as we say in VEW— cost effectiveness 
through innovation. 



V.E.W. Special Steels (U.K.) Ltd. 


P.0. Box 9, Taylors Lane, 

Oldbury, Wariey, West Midlands. 

B69 2DA 







Available from collectors. 


Available from your post office. 

Of course, the new £2 coin is not quite so 
rare as the old coin. 

Nor is it quite so valuable-after all the 1823 
coin was cast out of sobd gold. : • - 

But the new £2 coin has been 
specially designed to commemorate the 

Commonwealth Games. And as they've become 
known as the "Friendly Games!' we think this 
gives the coin a unique value of its own 

So in 1936, make sureyou don't miss 
out. They re available at all post offices, 
for just £25 

aobn; u> JuiKaSty 

IS IP Get more out of your post office ® £ 

Gi-B 0 % a A 0 E l it 

*“ , W — Urn WM IKFIM m ■ 

, •. .v '■* ■ 

1 L'xju ■ .... i - 1 j u y-i 


Although zee don 'tgn quite as far back as the 
Royal Mint zrc are proud to hare been 
associated zrith them sim'e our orcn joundation 
early this century. 

hi the intercening years zee hare become 
recognised throughout the zcorld as leading 
manufacturers of coins, coin blanks and tokens. 
Metal tokens arc used for l ending machines, 
sales promotions, transport concessionary fare 
systems and other applications. 


IMl Components Ltd. Holdford Road. Witton. 
Birmingham B6 7ES. Telephone: 021-356 2300- 
Cables Kynoch Birmingham. Telex: 335959 IMICOM GL 
Fax-. 021-356 7987. 




on the occasion of their 


Industrial Estate, Quay Lane, Gosport Hants. 

- Tel 0704 524715 - 

Europe's Leading Supplier of High Quality 
Graphite Strip Dies, used in the manufacture of the 
cast metal from which coinage is produced. 

We are happy to have supplied THE ROYAL MINT 
for the past TEN years and wish them well for 
the future. 


PTP Graphics 
are proud to have been 
commissioned for the 
design and production of 
the Illustrated History and 
wish the Royal Mint every 
success with their 
commemorative exhibition. 

Graphic Design Consultants 

Carditt Office: 0222 24334 
London Office: 01 -262 3484 


When the proof is in the finis 

There is a world of difference between circulating coins that are produced by 
minting, and making money for yourself the Royal Mint. There are ai*n com- 
No-one should know this better than the memorative seals, medallions and spe- 
six engravers at the Royal Mint. Al- cial coins, such as that which has been 
though they are at the creative end of the struck to mark the wedding of Prince 
coinage business, they earn less than Andrew and Miss Sarah Ferguson, 
com parable grades in the Civil Service. And there are proof coins, regarded as 

Their union is negotiating an increase the finest example of the art ofmintihg. 
designed to bring them nearer to parity. They are often struck in precious metals 
The engraving studio is where it all suc jj 35 gold or silver. Though the 
starts. _ Orders come in from many processes involved in the production of 
countries, some specifying their designs, proof coins are basically those used in 
others requesti n g suggestions. They all the manufacture of ordinary coins, there 
fall in the lap of HTT. FI sasser. Chief 3^ several paiti^tglnng differences. 

are carefully selected and then 

R onii ^initial burnished or buffed to give their surfaces 
E3 sasser not oriy does^ the ^ mitnd shining burnishing of 

engraving but often provides the design ^ a vibrating dramming 

35 . ... a crriflU steel taJLwfaDe for the buffing 

Other designs go outto competition the blanks are mounted on 

and the man who probably ought to be m ™ ig0 Tandl»ssed under a 

Political pitfalls pofehingmop. . .. . ^ 

■ ^L i -t The dies too are specially selected and 

UI COIH design prepared to ensure that the design detail 

■ — ■ ■ is extra sharp. The relief design of proof 

the Guinness Book of Records for his . coins .usually has a frosted finish to 
success in this field is 74-year-okf Leslie contrast with the polished mirror-like 
Durban, of Richmond, Surrey. background. This is achieved by first 

He has produced all four of the £1 coin blasting the dies with very hard particles 
deviants: a thistle for Scotland, a leek for to produce the ‘frosting' and then 
Wales, flax for the recent Northern carefully polishing the flat surface of the 
Ireland coin, and, to be issued next year, die with diamond paste, 
oak for England. These specially prepared dies and 

It can be a tricky business designing blanks are brought together for striking 
coins because symbols often carry potiti- in a dust-free atmosphere, the handlers 
cal overtones and may need to be wearing gloves. Each blank is placed in 
avoided like the plague. That is why the coining press and often struck two or 
Leslie Durban came up with the flax, three times to achieve perfect clarity of 
symbolizing Ulster’s traditional linen design detail. 

industry. Mr Elsasser and his team will probably 

It is not only .common-or-garden start with a design on a piece of paper . 

prepared to ensure 

and then produce a model in plaster 
many times the actual size of the 
required coin. From the model is taken a 
rubber ' mould which is electroplated 
successively with nickel or copper. 
Peeled away from the robber, this yields 
a replica 01 the artist's model in metal — 
what -the coin makers call an electrotype 
and the layman would see as . the 

The template is mounted on a 
reducing machine where its details — the 
base relief engraving — are scanned in a 
fine spiral by a tracing needle at oneend 
of a rigid bar. The oscillations imposed 
on the tracer are repeated by the bar in 
reduced amplitudes to a rotating catting 
head which copies them on in coin scale 
into a block of soft seaL After heal 
treatment, this becomes the hard redac- 
tion punch. 

Final details on die 
inserted by hand 

- By use of a hydraulic press, this punch 
is then impressed into a further piece of 
soft tool steel to produce a matrix. Any 
details of the design which may have 
been omitted from the artist's model 
such as beading around the dreu mfer- 
ence, are then inserted by hand, after 
which it is hardened. The matrix, in 
effect, becomes the master die from 
which further punches — woritingpunch- 
es — are produced in the hydraulic press 
and these in turn are used to produce as 
many working dies as required. 

Michael Hatfield 

Craftsman checking g©W proof coin 

Everything for the collector, and the choice is vast 

Coin collecting is more wide- 
spread than is popularly sup- 
posed The legacy of most 
foreign holidays is to be found 
in those caches of pesetas, 
centimes and crumpled lire 
notes tying about in odd 1 
corners and inevitably foigot- 
ten when the next holiday 
comes around 

But as a hobby coin collect- 
ing can start from small 
beginnings and those few 
coins may stimulate an abid- 
ing interest for a child which 
will give pleasure for years to 
come. Collecting need not be 
associated with the outmoded 
image of someone secretive 
and solitary, bent over coins 
of priceless worth. 

Once regarded perhaps as a 
rich man's hobby and the 
preserve of the historian and 
academic, it is today a pursuit 
that with care and judgment 
will reap intellectual and aes- 
thetic rewards at fairly moder- 
ate cost At the same time it 
wfll broaden horizons by in- 
culcating a new perspective on 
the history of man, on geogra- 
phy of the old world and the 
new and on the economic 
patterns that have shaped his 

To learn that in order to 
raise money, Henry Vm pro- 
gressively diminished the pu- 
rity of gold and silver coin, is 

N M Rothschild & Sons Limited 

Merchants & Bankers 

Internationa] Dealers in 
gold and silver bullion 

TELEX: 8812101 

Rothschild Australia Limited 

TELEPHONE; 233 6833 TELEX: AA 21295 

N M Rothschild & Sons (Singapore) Limited 

01-02 SINGAPORE 01 04 TELEPHONE: 335 8311 TELEX: 36269 

Rothschild Bank AG 

TELEPHONE: 384 71 1 1 TELEX: S5S2-I1 

Rothschild Inc 

TELEPHONE- S4I 6696 TELEX 424304 

N M Rothschild & Sons (Hong Kong) Limited 


A cascade of blanks po 

to bring history suddenly alive 
(fortunately Elizabeth I under- 
took a complete recoinage and 
killed 'The hideous monster of 
the base moneys.") 

The would-be collector is 
first of all faced with a choice 
he may well find awesome. 
Where to start, which coun- 
tries or all countries, old coins 
or modern coins? No wonder 
the early and investigative 
mind reels the more it looks at 
the possibilities. 

Most dealers win recom- 
mend some form of specializa- 
tion, whether by nationality or 
period to limit the field at the 
outset It is not merely a 
question of acquisition. The 
idea is to become expert in any 
chosen field by building up 
knowledge of the subject How 
else will judgment be exer- 
cised when faced with a 
decision to buy? 

Because of their availabil- 
ity, modem coins are often 
suggested as a starting point 
and there is no lack of choice. 

Coin Club boost for 
young enthusiasts 

out at the Mint 

The Coin Club sees it as a 

show the history of coinage 
from Roman times, with wail 
charts illustrating the manu- 
facturing of coins, the devel- 
opment of the Royal Mint and 
the coins the Mint has pro- 
duced for about 90 countries. 
Given sufficient support, it is 
hoped that shortly it may be 
possible to set up a young 
collectors’ dub. 

The first thing a beginner of 
any age must learn is familiar- 
ity with the terms used in 
describing a coin's condition. 
It is a maxim of the trade that 
the more common the coin the 
better .tite condition must be 
as it is mainly the state of 
preservation that determines 
the price. 

Coins are graded as Fleur- 
deCoin (FDC) — flawless; 
Uncirculated (UNQ — new 
condition but not perfect; 
Extremely Fine (EF) — little 
sign of having been in rircula- 
tkm, though showing feint 
wear on dose inspection; Very 
Fine (VF) — some wear on 
raised surfaces but only limit- 
ed circulation; Fine (F) — 
considerable signs of wear on 
raised surfaces or weak design 
through faulty striking; Fair— 
worn; Poor — very worn and 
of no value unless extremely 

Because coins can be easily . 

mate. Coin envelopes of dry 
paper, albums with plastic 
pages and cabinets of seasoned 
wood wiH all offer adequate 

Tips of this sort prove 
useful tothe beginner joining' 
a local numismatic society. 

the beginner who needs to 
know derails of dealers and. 
their specialities. Additional 
info rmation can be obtained 
from the secretary, British 
Numismatic Trade Associa- 
tion. 3c Earisdon St, Coventry ' 
CV56EP, who will providea 

The societies often provide register of dealersand address- 
programmes of lectures and "■ es on request 

exhibitions. Details of where 
to find them can be obtained 
form Peter Clayton, president 
of the British Association for 
Numismatic Societies, c/o 
BjV. Seaby Ltd, 8 Cavendish 
Square, London W1M OAJ. 

Societies give 
tips on care 

Two organizations catering 
forthe serious collect or are the 
Royal Numismatic Society, 
founded in 1836. and the 
British Numismatic Society, 
founded in 1903. Both share 
one of the best specialist 
libraries, housed in the War- 
burg Institute, University of 
London. The BNS has a junior 
section up to the age of 21. 

Two trade monthlies cater 
for the dealer and the amateur 
enthusiast alike — Coin 
Monthly and Coin and Medal 
News. These are invaluable to 

Recommended publica- 
tions include Coins Market 
Values (published by Link 
House Publications). Collect- 
ing CoM by Frank Purvey 

Coin fairs which attract 
annual interest are Coincx, 
held in London in October, 
and Coinex North, which 
takes place in Manchester in 
ApriL Both are organized by 
the British Numismatic Trade 

An additional draw this 
year for the collector is an 
exhibition at the British Muse- 
um entitled “From cowrie 
shells to credit cards." This 
draws from the museum's 
unrivalled collection to trace 
the story of money from its 
earliest recorded beginnings in 
ancient Mesopotamia. The 
exhibition runs until October. 

Patrick Davis 

prune fimenonto encourage damaged the roles on cleaning 
the young collector and safes ^ Beginners soon 

are often geared to simple iggjn that careless cl eaning 
presentation folders contain- ran easily diminish the value. 

ing a single coin such as the 
Welsh 1985 £1 shuck in 

Soap add water is recom- 
mended for gold and silver 

brflhant uncircufeted quality when really necessary, but it is 
(one of many technical terms well to remember that the 
in the language of the numis- pauna of a coin will not 

matist). This retails at £2.60 
while slightly more up the 

not a remedy 

copper and 

sraie specially strock samples hronze coins, which should 
ofafll^ai^hng corns are only be lightly brushed, 
on oner tor £4.5 U- Housing a collection needs 

The schools are not forgot- consideration as loose coins ; 
ten and the Coin Club markets are easily marked and also | 
information packs. These deteriorate according to cli- 1 



Masters of Coin 
from the Makers 
of Coinmaster 

Inco Europe congratulates 
the Royal Mint 
On its historic achievement 

We offer continued service 
and support from 
our U.K. nickel refinery. 


Thames House, Mflfbank, London SW1P 4QF 






Telephone.- 0902-B1431 Telex: 336106 

A member, of the Merson lntamational Group 



A cornucopia 

They pour out in their thou- coins for a variety of commer- 
sands, making pub fruit tna- rial uses have bom stamped 
chines look positively barren, out in recent years, using the 

• J||! V I,'. I I J ,,T,’ | IimIIm imiV 1 1 " 

Alcan Sheet at Rogemose in 
South Wales. 

Though soft in its pure 
state, the aluminium is given 
the required strength- and 
hardness for coinage by the 
addition of a s mall percentage 
of magnesium and other 

The “charges” are first melt- 
ed in primary electric furnaces 
at temperatures which exceed 
1,000 deg C. Then the molten 
metal is ponied into the 
holding and casting furnaces. 
These have a maximum ca- 
pacity of 1400 kg and provide 
a sufficient store of metal to 
enable casting to be continu- 
ous between poors from the 
melting unit. 

Each furnace is fitted with 
two special graphite dies and 
slabs arc continuously cast by 
■withdrawing metal through 

First ‘meltdown’ 

is at 1*000 deg C 

these water-cooled dies. Tem- 
peratures vary, depending on 
the metal: 14H> deg C for 
cupro nickel, 1,210 degrees for 
coinage bronze: 

The slabs are reduced to 
3mm coils, which then go to 
the finishing mill where reduc- 
tion to coin thickness is 

The coil is fid into one of 
the Manning presses where 
discs (called blanks) of a size 
matching the coin for which 


of them, can regurghiate coins' 
at the rate of 400 a minute: It 
is the cornucopia of coinage, 
the RoyalMinL - 
Twelve miles from Cardiff 
at Llantrisant, where workers 
and visitors are dispossessed 
of their loose change on 
security grounds before they 
enter the plant (to be returned 
when they leave), the Royal 
Mint is producing 1400,000 
million coins a year. Sterling 
for domestic consumption, 
rupees for India and dinar for 
Iraq are among the products. 

With an expected £70 mil- 
lion turnover this year, 60 per 
cent of Royal Mint production 
^ is for overseas purses. The £ in 
your pocket costs . less than 
20p to prod no, but nobody, 
for commercial reasons, is 
prepared to Own np to the 
exact figure. Even questions 
have been asked in the House 
of Commons about the true 
cost, but answers from minis- 
ters have always been an 

The manufacture and prep- 
aration of the blanks from 
which the coins are struck 
begins in the melting, rolling 
and blanking unit, an aero- 
plane hangar of a place, foil of 
the noise of machinery and the 
smell of metaL 
Huge electric furnaces de- 
vour with intense heat copper 
ingots, little brickettes, zme 
slabs, tin strands and pro- 
cessed scraps. The raw materi- 
al is made up into “furnace 
charges” containing the con- 
stituent metals in the appro- 
priate portions for the alloy 

There is also a relative 
newcomer which has invaded 
the traditional province of the 
metal used in the minting of 
coins during the past 1,000 
years or more — aluminium. 

h has now established a 
small niche in the coin mar- 
1 ket, and aluminium alloy 
coins minted in the UK are 
used in various parts of Africa 
and the Far East. They are 
areas which prefer the light- 
ness '—-not to say the lower 
cost - of the aluminium coins 
to the heavier weights of other 

Aluminium has not,. so far, 
been used for c ur re n cy in the 
UK but millions of token 


. . . 

- they are being produced are 
cut from the strip. These 
blanks are passed to another 
area for the next process and 
the perforated strip - 40 per 
cent of its original weight after, 
the blanks have been punched 
out — is recoiled and taken 
back to the furnace. 

Meantime, the blanks are 
on their way to the next stage 

— the Annealing and Pickling 
Unit where they are prepared 
for striking in the coin presses. . 
The blanks are annealed (or 
softened) by passing them on a 
metal belt through a gas-fired 
furnace at temperatures of 750 
deg C for bronze and 900 
degrees for cupro nickel. 

Once softened, the blanks 
are transferred to the automat- 
ic picklers where they are 

loaded into perforated metal 
drums which rotate them 
through an acid solution to 
remove stains. 

So for they are worthless, 
blank pieces of metal which 
may have a utilitarian value 
but wouldn't pay fora bus fire 
home or buy a poppadom in 
Pershaw. It is when they are 
stamped by the prepared dies 
that they are transformed into 
currency. The coins are fed 





into the coining presses by 
hopper and the stamping of 
the obverse and reverse de- 
signs and, where required, the 
milling on the edge, are car- 
ried out simultaneously on the 

A press — there are 60 of 
them - can chum out coins at 
the rate of 400 a minute. With 
most of the presses, the blank 
is automatically placed on top 
of the lower die and held in 
position by a restraining col- 
lar, which will be plain or 
milled depending on the type 
of design required. 

Upper die is then squeezed 
on to the blank with a pressure 
of up to 200 tonnes, the blank 
receiving the impression of 
both dies. At the same time it 

is forced outward to take the 
shape and design of the collar. 

A statistical sampling tech- 
nique is used to ensure a 
rigorous control of the coins. 
Where there is reason to 
believe that a batch may have 
defective pieces all the coins in 
that batch are examined on an 
“overlooking" table. 

The specifications for coins 
are exacting, severe controls 
on quality being applied 
throughout the course of pro- 
duction. Samples from the 
melt are analysed by X-ray 
fluorescent spectrometry to 
check the composition of the 
metaL During the various 
stages of production, also, 
systematic checks are made to 
gauge thickness, weight, diam- 
eter. hardness and surface 

After the final inspection 
the coins are counted into bags 
on a “telling" machine. Labels 
are attached to show the 
denomination and quantity of 
coins in each bag before they 
are transferred to the strong- 
hold to await despatch and 
, eventually finish up in 
people’s pockets. 


Minting history began with Alfred the Great 

A silver penny, minted 1,100 years ago 
after Alfred the Great's consolidation of 
England against the Danes, is generally 
taken as foe start of recorded continuous 
stinting history in Britain, -and provides 
the starting point for the Royal Mist’s 
anniversary exhibition. 

The exhibition opens tomorrow at 
Goldsmith’s Hall, Foster lone, in the 
CSty of London, and remains there until 
July 24. It then moves to the National 
Museum of Wales at Cathays Put, 
Cardiff, from August 13 until October 10. 

Entitled 1100 Years of Minting Histo- 
ry, the display traces the history of 
minting from Roman times lo the present 
day, and offers the visiter a wide range of 
relevant exhibits including rare conn, 
medals, seals, tools and many other 

aummted artefacts. The money on show 
ranges from bronze Roman coins to the 
£2 coin issued to mark next month’s 
Commonwealth Gaines in Edinburgh. 

Visitors will lean, among many other 
nnmismatkal that mere is noth- 
ing new abort a £1 coin; indeed the first 
were strode on the orders of Charles L 
Most wiQ know that the Royal Mint’s 
best-known Master was Sir Isaac New- 
ton, but they may not know that at the 
time oT Waterloo, the Mint actually 
struck French money far use by troops. 

The exhibition also recalls that in die 
Anglo-Saxon period, coin manufac turer 
or‘ i moneyers” who attempted to cheat on 
the quality of their product were apt to 
have their hands ent off; that the famous 
engineering team of Janies Watt and 

Matthew Bo niton designed the Mint's 
first steam-driven machinery; and that 
the Britannia who used to appear on the 
old penny is said to bear a strong 
r esemblance to a former monarch’s 

Dr Jeremy Gerhard, Depoty Master of 
the Royal Mint, said: “There remains in 
the modern Royal Mint a vital role for 
the traditions and inherited skills that 
have been built up over the centuries. 
Thu year, therefore, provides an ideal 
opportunity to reflect on the long history 
of the Royal Mint; the exhibition will 
serve to illustrate over 1,000 years of 
history and will help convey a sense of 
the pride felt by myself and my 

The King Henry penny that 
put an end to the gloom 

To the question: “Is coin 
collecting a good 
investment?" the answer these 
days seems to be: “Not neces- 
sarily and, then again, 
maybe." After the heady days 
of the late 1970$, when prices 
for good pieces were at their 
peak, the bubble burst in 1 981. 

A Charles II five-guinea 
gold piece, for example, iu an 
attractive condition, would 
have sold for £1 2,500 at peak. 
Today lhaL same piece could 
be bought for as little as 

Dealers are not always able 
to provide a ready answer for 
that son of fluctuation but 
undoubted contributory fac- 
tors for the good times of the 
1970s. apart from cases of 
genuine interest, were that 
collectors* pieces in precious 
metal were seen as a useful 
hedge against inflation and as 
a response to avoid exchange 
control regulations. 

Since then unemployment 
worldwide has had its effect 
on the market, with more 
collections being broken up 
and offered for sale and old 
established custom lost to the 

Then, loo, as exchange con- 
trol was lifted speculators 
were tempted to dump coins 
in favour of other investments 
overseas, noiably dollars. To 
that has been added the 
gradual slide in the value of 
gold and silver. 

For dealers the bullion mar- 
ket was severely dented when 
a loophole in VAT was sealed 
in 1984 by the inclusion of 
gold sovereigns, hitherto ex- 
empt, within the tax provi- 

It was. in foci, the introduc- 
tion of VAT on collectors' 
coins that led to the formation 
of the British Numismatic 
Trade Association (BNTA) in 
1973 to provide a voice for the 
trade and an advisory body to 
whom dealers could turn. 

Despite the vicissitudes of 
the uade. there are considera- 
bly more dealers in the market 
place, although not all concen- 
trate on coins and medals. 
There are 200 dealers ranging 
from one-man businesses to 
the big firms with specialist 
depanmen ts such as Spink’s. 
Glendining's. Sotheby's and 

Dealers circulate 
forgery warnings 

Of these 100 belong to the 
BNTA, which has a com- 
plaints procedure in which it 
will arbitrate between a dealer 
and a customer. Members 
must abide by the BNTA 
council’s derision. 

The danger of forgeries, of 
course, is always present with 
valuable pieces and an early 
warning system is operated by 
the International Association 
of Professional Numismatists, 
which circulates dealers 
throughout the world with 
descriptions of counterfeit 
coins brought to light in the 

Dealers need to keep them- 
selves informed of all develop- 
ments and one way they do 
this is to attend the regular 
coin fairs' held in the UK and 
overseas where, in many in- 
stances, British dealers are 
often only second in strength 

to the dealers of the country 
concerned. These are also a 
useful source of supply to 
supplement the sale rooms 
and the Royal Mint. 

In the latter case there are 
undercurrents of dissatisfac- 
tion among the dealers who 
see the Mint as usurping 
their function by smooth mar- 
keting techniques which 
cream off customers. This is 
seen as running counter to the 
Government's declared aim of 
helping small businesses. 

There are others in the trade 
who are prepared to concede 
that the issue by the Mint of 
special sets, suitably presented 
to attract the buyer, can only 
lead to increased interest 
among the public to the 
ultimate benefit of the trader. 

The scale of Mint discounts 
to dealers is a subject that 
arouses ill feeling and there 
are accusations that the prices 
demanded for gold and silver 
are too high 

As a case in point, dealers 
will cite the silver crown 
issued to commemorate the 
Queen Mother’s 80th birth- 
day. When it was issued, at a 
price of £28.75, its silver 
content was worth £12.50, but 
because of the decline of silver 
each new crown today has a 
silver content worth £2.88. 

But while the market is 
going through an indifferent 
patch not all is gloom. A world 
record for a British coin was 
established last year when a 
Henry III gold penny realized 
£65,000 at a Spink’s sale. 
Cases such as that give a whole 
new meaning to inflation. 



Export and import freighting 
worldwide for The Royal Mint 

Mercury Airfreight International Ltd. 
Unitair Centre, Great Sooth West Rood 
Fettham, Middlesex TWI4 8NJ 
Phone 01-890 1400 
Telex 261714 & 264459 

(0446) 710236 

(0272) 666844 

Other branches throughout UK 



• .. - *v- 

. •V. , 5Ssj% 


l Mint 

and is 

fix 3*22* 

— Mgr . • r- ,,T3 'ZZ. r,i « 

It also makes 

money for us. 


With 1100 years of 
experience to call upon, 

The Royal Mint has a 
worldwide reputation 
for excellence in 
creating coins of the 

However, in the mid- 
seventies, they realised 
that to keep that reputa- 
tion in the years to 
come, they would need 
to find an efficient 
method of keeping such 
a successful organisa- 
tion under tight control. 

That’s when ICL and 
The Royal Mint first 
began to talk to each 
other. Very rapidly a fruit- 
ful partnership evolved 
as ICL introduced the 
remarkable System 25- 
mini-computer to the 
organisation. Today there 
are six of these networked 
together: controlling production, 
payroll, personnel, time and 
attendance and mailings to a 
worldwide clientele. 

System 25 is now the most 
successful mini-computer in the 
UK, and The Royal Mint is one 
example of ICL helping to create 
a beneficial partnership in the 
service of Government 

Success in the private 
sector has generated a wide 
portfolio of System 25 software, 
including applications for - 

• •’v -•] 

' ' -W ' — * , •* f 

' ‘ lJ- r^-. '7’' - ' £*< 

’• *■ - *"* '•'* • — * - V * * 9 ^ 

banking and distribution. 

It’s clear that we’ve created 
something of excellence for the 
realm ourselves. 

It could prove to be a very 
valuable asset to you, too. 

But don’t wait 1100 years to 
find out how. 

For further information 
please dial 100 
and ask for 
Freefone ICL. 

We should be talking to each other, 



COURT Clifford Longley 

social The agony of civil disobedience 



June 21: The Duke of Edin- 
burgh. President and Life Mem- 
ber, this evening attended the 
Windsor Park Equestrian Club 
Ball at aandon Park, Moron, 

Major the Hon ■ Andrew 
Wigram was in attendance. 

June 2& The Prince Andrew, 
President of the Royal Aero 
Cub, accompanied by Miss . 
Sarah Ferguson, today attended 
the Digital Schneider Trophy 
Air Race on the Isle of Wight 

His Royal Highness travelled 
in an aircraft of The Queen's 
Flight and was received at 
Bern bridge Airport by Her 
Majesty's Lord- Lieutenant for 
the Isle of Wight (Captain the 
Lord Moilistone). 

Wing commander Adam 
- Wise was in attendance. 

The annual Nonconformist stock-tak- 
ing called the Methodist Conference. 
The Prince Edward, Chair- now in session in Stoke-on-Trent, may 
man of the Duke of Edinburgh's be relied upon most yean: to produce at 
Award 30th Annivers ary T rib- one invaluable contribution to 

““ J^JPaJESSL theology and related fields, the sort of 
started the 30th Anniversary ... .. 

started the 30th Anniversary 
Walk from Buckingham Palace 
and afterwards started the 
“Walkaihon" at Little Venice. 

Mr Victor Chapman was in 

Princess Michael of Kent will 
present an award at the Silver 
Clef luncheon for the Nordoff- 
Robbins Music Therapy Centre 

at the Inter-continental Hotel on 
June 27. 

A service of thanksgiving for the 
fife of Sir John Higgs will be held 
in the Queen's Chapel, Si 
James's Palace, today at 1 1 am. 

A service of thanksgiving for the 
ife and work of Sir Malcolm 
Wilcox will take place at St 
Michael's Church, Comhifl, 
London, EC3, on Tuesday, July 
1. 1986. at noon. 

Birthdays today | Bristol U« 

M Jean Anouilh. 76: Sir Richard 
Brooke. 76; Lord Bruruisfield, 

87: the Rev Professor R Chad- 
wick. 66; Sir Oswald Davies. 66; 

Mr Bob Fosse, 59; the Most Rev 
Dr John Habgood, 59; Mr Julian 
Hipwood. 40; Admiral Sir 
Frank Hopkins. 76; Sir Leonard 
Hutton, 70: Miss Miriam 
Karlin, 61; Miss Margaret Lane. 

79: Admiral Sir Horace Law, 75; 

Mis Patricia McLaughlin, 70: 

Dr J. E Meade, 79; Lord 
Newali. 56; Professor Martin 
Rees. 44; Professor Issac 
Schapera, 81; Mr Anthony 
Thwaite, 56; Mr Ted Tinting. Roeonfinn 
76; Admiral Sir Francis Turner, puuu 

74; Miss Irene Worth, 70. Aoglo-Asian i 

Bristol University 

The 1986 annual meeting of 
Covocation, Bristol University, 
at which the election of repre- 
sentatives of Convocation on 
Court will take place, will be 
held on Saturday. July 19. 1986, 
at 11.00 am, in the Winston 
Theatre, University Union, 
Queens Road, Bristol, BS8 1LN. 
All graduates of the university 
are welcome to attend. Further 
information may be obtained 
from The Secretary of Con voca- 
tion, University of Bristol, Sen- 
ate House, Bristol, BS8 1TR 

Order of St John 

The Lord Mayor was present at 
the general assembly of the 
Order of Si John held on 
Saturday at the Mansion House. 
Earl Caihcan, Lord Prior of St 
John, was in the chair. 

The annual service of 
commemoration and re-dedica- 
tion of the order was held later 
in St Paul's CathedraL The 
Dean officiated and the Right 
Rev Ambrose Weckes gave an 


out Crarmelfian Association 
The annual dinner of the Old 
Cranwdlian Association took 
place at the Royal Air Force 
College Cranweil on Saturday. 
Air Commodore Sir Frank 
Whittle was guest of honour. 
Among the guests were Air 
Chief Marshal Sir Neville Stack, 
president of the association, Air 
Chief Marshal Sir David Craig, 
Air Chief Marshal Sir Thomas 
Kennedy, Air Chief Marshal Sir 
Wallace Kyle, Air Marsha] Sir 
Roy Austen-Stnith and Air Mar- 
shal Sir John Fitzpatrick. Air 
Vice-Marshal E R Macey 

Sir Arthur Peterson 

A service of thanksgiving for the 
life and work of Sir Arthur 
Peterson will be held at noon on 
Thursday, July 10. at St 
Margaret's Westminster. All are 
welcome. Please telephone 01- 
213 6060 for inquiries. 

Anglo-Asian Conservative 

The Anglo-Asian Conservative 
Society celebrated its tenth 
anniversary at a reception held 
at St James's Court, SW1, on 
Tuesday, June 17, 1986. Mr 
John Biffen, MP, and Lord 
Young of Graffham spoke and 
those present included members 
of the society, members of HM 
Government and Conservative 
MPs. The guests were received 
by the chairman, Mr Narindar 

Memorial services 

Professor ff. Walsh 
A memorial service for Profes- 
sor William Walsh was held in 
the Chapel of Merton College. 
Oxford, on Saturday. The Rev 
Mark Everitt, chaplain, offici- 
ated. Dr J.M. Roberts, Warden 
of Menon College, and Profes- 
sor Ronald Hepburn read the 
lessons. Mr John Lucas gave an 

Miss HJ_ McMorran 
A memorial service for Miss 
Helen Isabella McMorran was 
held in the Chapel of Cirton 
College, Cambridge, on Sat- 
urday. The Rev Hilary Oakley, 
chaplain, officiated. Baroness 
Warnock, Mistress of Girton 
College, and the Rev Ian Clark 
read the lessons. Miss Mary 
Duff gave an address. 

Lincoln's Inn 

Hardwicke entrance scholar- 
ships, Easter term 1986: 

S J Bryan. Magdalene College. 
Cambridge: Mbs F C Courten. Bir- 
mingham University: MU K J L«rd- 
Downlng College. Cambridge: C J 
Morgan. Magdalene College. Cam- 

document that not just Methodists may 
be quoting 10 years ahead. 

Its report on civil disobedience is of 
such a nature this year. It will be open to- 
crnicism as a less than wholehearted 
endorsement of acts of civil disobedi- . 
ence- against nuclear weapons, but its . 
real merit is its thorough treatment of 
the whole subject, not just one contem- 
porary issue, even though it was that 
which caused the working party to be set 
up, and the report to be written. 

In any event civil disobedience 
against nuclear weapons is not ruled 
out: the working party merely reported 
that it was divided. Nor is it any longer 
quite the hot issue it was when the 
report was first commissioned. 

For a voice from the dissenting 
tradition, the report is surprisingly 
strong in emphasizing the high moral 
demand of obeying lawful secular 
authority. Methodists are apparently 
less likely than most to park on yellow 
lines, it is well known. So' there is a 
glimpse of Nonconformist respectabil- 
ity in the tone of the report. 

But h is not an exclusively Methodist 
tradition to insist that all lawful 
authority comes from God, and must 
therefore be respected and observed- It 
is a principle which makes the issue of 
civil disobedience an agony of con- 
science for those who like to take the 
precepts of their religion seriously. 

It is not an exclusively Methodist line 
of argument to find this principle not an 
absolute one, however, either. There is, 
as the report notes; a strong Christian 
tradition down the ages of resistance to 
arbitrary or tyrannical authority, in- 
cluding in extremis the right and duty to 
overthrow it It is common at this point 
in the argument, as the report doubts, to 
make a cross-reference to the estab- 
lished "just war" tradition. 

Commonly, however, that tradition is 
brought in as if it was an ancient and re- 
spectable theological defence of war- 
making (and, by analogy, revolution- 
making), telling Christians that they 
may do ft with dear consciences. The 
"just war" tradition is sometimes 
introduced into the nuclear debate as 
telling Christians that they may not do 
it, on the grounds that the classical 
' criteria could not possibly be-observed 
in a nuclear war. 

But there is a quieter scholarly -voice 
less often heard, which warns on the 
basis of the actual history of this 
tradition that ifcis being misrepresented. 
The Methodist report' is not altogether 
immune from this criticism. - 

The concept of a just war, which has 
Old Testament origins, is not, according 
to this view, a justification of war in 
principle. It is a set of rules to limit the 
effects of war, and to reign in the 
aggressive instincts of war-mongering 
princes and nations. 

It recognizes "Thou shall not kill” as 
a ' counsel of perfection, which will 
inevitably be broken, mankind being 
sinful, and puts in place limitations 
designed tc move waning parties 
towards that perfection even if they 
cannot be expected to reach it. 

It belongs therefore in the category of 
"economy* - a principle of moral and 
pastoral theology which is out of fashion 
in the Western church, but still very 
effectively used in the Eastern Orthodox 

Orthodoxy, for instance, argues that 
though divorce is wrong, it does happen, 
as the church has to cope humanely with 
the consequences by allowing second 
marriages in restricted circumstances. 
The "just war” theory starts from the 
realistic acceptance that wars' will 
happen, and if they cannot be prevent- 
ed, their effects must be mitigated.'That 
theory lies behind the Geneva Conven- 
tions. And no Geneva Convention ever 
said war was permitted: only that 
certain acts of war were not 

The "just war” theory has nothing to 
say on whether wars or revolutions are 

morally permissible in principle, just 
that some ways of fighting them are 
worse than others. The Western tradi- 
tion of moral theology, which in this 
respect is particularly present in Meth- 
odist thinking, is not comfortable with a 
way of approaching morality which 
assumes that moral choices may be 
made between alternative evils. 

It is commonly- supposed that the 
Orthodox Church is "in favour of 
divorce” because it allows il, which is, 
of course, not the case. It is -wrongly 
assumed that the “just war" theory 
allows - war and revolution as morally 
good in certain circumstances. . . 

" Civil disobedience can therefore be 
treated under the principle of 
"economy" as wrong, but a lesser evil 
than violence. Similarly, revolutionary 
violence can be classified according to 
its place on a spectrum, with killing 
soldiers and policemen less wrong than 
placing- bombs in supermarkets; 

Unfortunattey, revolutions fought 
that way. are less efficient, particularly 
when one *of the chief revolutionary 
tactics is the undermining of public 
morale and resistance, destabilizing 
confidence in the state, and eliminating 
collaborators. Terrorism speeds tip a 
revolution, which is why modern 
revolutionary theory employs it 

There is a tendency among church- 
men. for instance, in the context of 
South Africa, to .talk so abstractly or 
even glamorously about revolution as a 
possible Christian option, that they 
forget that revolutions are not conduct- 
ed according to Queensberry Rules. 

A “just revolution" theory would 
have to apply itself, not to revolution as 
an abstract idea, but to making such 
rules. Whether this is possible is another 
matter revolutions are usually idbologi- 
cal as well as violent and are aimed at 
overthrowing systems of morality as 
well as governments. 

And foe tamer forms of revolutionary 
activity, such as civil disobedience, are 
not immune from this Catch 22. They 
also are designed to challenge morality 1 
in the name of morality. 


Master Manrow to be Chief 
Chancery Master from October 
I, in succession to Chief Master 
Chamberlain, who is retiring. 
Mr Brian FotbecgiU to be 
Chairman of Council of the 
Royal Society of Literature, in 
succession to the Hon C. M. 
Woodhouse. who is retiring. 

Mr J. T. Baugh to be Director 
General of Supplies and Trans- 
port (Naval) from June 18. 

Mr Nonnas Ward-Joaes to be 
Chairman of the Gaming Board 
for three years. 

Parliament this week 

Forthcoming marriages 

Today (SL30t Dttate on Attanct 
motion on prtvattzattan of water 
authorities. Rales Support Grants BUL 
second reactlna. 

Tomorrow tSJCfc Debales on es- 
K males relating to special emoJoyrnenl 
measures ana the long-term un- 
employed and on estimates relating to I 
toe environment and Property Ser* 
vices Agency. 

Wednesday (2.30): Debates on Oppo- ' 
sflion motions on withdrawal of 
mortgage Interest payment protection 
(or the unemployed and an Mtho and 
continuing education. 

Thursday (2.30) and Friday <9.30* 
European Commu ni ties (Amendment) 
BUL coronation of remaining stages. 

Today (2.30): Social Security tost, 
committee, second day. Airports Btu 
third reading. 

Tomorrow (2 .30: wages BOL commit- 
tee. first day. 

Wednesday 0.30):. Defease on defence 

Thursday (3): Wages BBL committee. 

second day. __ _ . 

Friday uTj: Dockyard Services BU. 

The Hon, A.G. Morrison 
and Miss TJM. Redman 
The engagement is announced 
between. Alasdair. youngest son 
of Viscount DunrossU, CMG, of 
Government House, Bermuda, 
and Mavis Viscountess 
Dunrossil, of Withingion, 
Gloucestershire, and Tania, 
only daughter of Mr JA. 
Redman, of Minehead, Somer- 
set, and Mrs S. Branfoot, of 
Easlcombe. Gloucestershire. 

Mr C-J. Cazalet 
and Miss J.C Little 
The engagement is announced 
between Julian, youngest son of 
the late Vice-Admiral Sir Peter 
Cazalet. KBE, CB, DSO. DSC 
and of Lady Cazalet. ofNewick, 
Sussex, and Jennifer, youngest 
daughter of the late Mr Maurice 
Little and of Mrs Little, of 
Laverton, Gloucestershire. 

Mr RAJ. Adams 
and Miss JA. Wain 
The engagement is announced 
between Robert, son of Mr and 

Mr DJ). Grassick 
and Miss EA. Simpson ' 

The engagement is announced 
between David Douglas, youn- 
ger son of the late Mr Donald 
Grassick and of Mrs Mary 
Gressick, of Crieff. Perthshire, 
and Elisabeth Angela, eider 
daughter of Mr Roger Simpson, 
of woklingham, Surrey, and 
Mrs Angela Atherton, of 
Dormans Park. Sussex. 

Mr DJK. Haggle 
andMiss DC. Graham 
The enpmement is announced 
between David, son of Mr and 
Mrs W.K. Haggle, of Newcastle 
upon Tyne, and Vanessa, 
daughter of Mr and Mrs R. 
Graham, of Kirkfand, 
Dumfries!) he. 

Mr PJLD. Tip 
and Mbs S.V. 
The enKaxerfte 

t is announced 

LdtWWH, UtVUUJI l iiaMllli. __ _ _ 

DrP.G. Hale 

Mr RAJ. Adams and Min RA. Btakemore 

and Mis* JA. Wain The engagement is announced 

The engagement ts announced between Peter George, son of 
between Robert, son of Mr and Mr and Mis GJF. Hale, of 
Mrs Kenneth Adams, of Gillingham. Kent, and Ruth 
Bramley, Surrey, • and Janet, Anne, younger daughter of Mr 

Births, Marriages, Deaths and In Memoriam 

£4 a Ena + 15% VAT 

(minimum 3 linn) 

AimotmccmcnU. ambenlieated to the 
name and permanent addreu of the 
leader, may be sou to: 

PO BOX 484 
Virginia Street 
London El 

or KfcDhoncd (by telephone subs- 
oben only) toe 01-481 3024 

Annaanocmcnls can be received by 
telephone between 9.0fatn and 
130pm Monday to Friday, on Satur- 
day between 9.0(bm and 12 noon. 
BT-4II 4808 (My). Fix publicaiioo toe 
following day phone by 1.30pm. 


etc on Coon and Social Rage C8 • Km 
♦ 1H VAT. 

Court and Social Page announce- 
ments can not be accepvd bv 
idcphonc. Enquiries in: BI-SHI 9 Sh 
( after lOJOnjit or tend lo: 

1. R— fejf Stunt, Landau El. 

Plane allow at least 48 hours before 

. The crooked matt be made MraHfel. and 
•hr rrnrch piam Main, and me glory of 
Die LORD shall be revealed. 

lutMi 40. 4.9 


BURDEN On June 19tlt 1986 at West 
London, lo Louise (nee FitzGerald) 
and Eric i Richard), a son. 

DE LAFARGUE ■ On 19th June In Par- 
h to Meg inee Luihami and Eric, a 
daughter. Jessica Francois*. 

DICK - On June 15Ui to Irene me* 
Mara.) and John, a son. Robert, a 
brother for Jonathan. 

ELLIOT - On June loth, lo Kate (nee 
Allan) and John, a daughter. Char- 
lotte Miranda, a stater (or Annabel. 

FARMER • To Karen and John, a 
daughter. Elizabeth Louise, on 20th 
June at St Teresa's, WimMedon. 

FREEMAN - On June 16th. to DflHan 
(nee Cordon i and Simon, a daughter. 
Olhia Elizabeth Ann. a sister for 


LEMESLE ADAMS - On June 17th 
1986. lo Heather inee Framptan) and 
Robert a daughter. Taiwan, a sister 
f or Oli ver. 

NORRM ■ On /one 12th to Alastalr and 
Rachel (nee wmitf. a daughler. 
Frances Elinor Rachel. 

PARHAM on !6Ui June to k'asla. 
wife or Philip, at the Inlemattonal 
GathoHr Hospital. Tokyo, a daugh- 
ter. christened Mary an 17th. 

PW6 - On June 19<h In New York to 
Jonathan and Dee Wentworth Ping a 
son. Alexander Paul. 

ROSS On June Slh io David and Moya, 
a son. Shiarl Robert. 

THORNTON On Sunday 81 h June in 
Plymouth, a son vv III lam Edward 
Crawford, to MJcheal & Mary uwe 
MrHargi. a brother (or Rosie. 

TWYNAN On Friday June !3Ui to 
Jane inee Lowi and Tim a aOn James 
Joseph, brother lor Beniamin 

WHITAKER on June l9to at £mom 
Dtsrnci Hospital io Sieve & Cathy 
tnee Guest) a son Samuel Richard, a 
brother lo Sarah. 

WHITEMAN On June 17th to Jiu and 
Paid, a daughter. Katie Rebecca. 

WYKTER-On June 17th 1986 a: The 
W«l London Hospital. (o Brtdgei toe 
Board) and Guy. a son. Hugo 

WYNTER . on June 1 7th 1986 al The 
West London Hospital. to Bridget 
inee Boardi and Guy. a son. Hugo 


TOOMEY: LAWS ■ The marriage took 
Place on Saturday. 2131 June at SL 
Dominick Parish Church. Cornwall 
between Mr Michael Edward 
Toomey and Miss Sarah Louise 


BESS Leslie Gordon - On June 19th. 
1986 al SL Stephen's Hospital. Lon- 
don aged 65. suddenly and 
peacefully after a family holiday. Be- 
loved husband of Anne and father of 
Jonathan and Dominic. Funeral at 
Putney vale Crematorium on Thurs- 
day. J une 26th at 11.00 am. 

BERRY ■ On June 19th. 1986 alter a 
short tones* at his home. 31 Atoert 
Hall Mansions. SW7. William George 
(beloved husband of Heather). Fu- 
neral Service. West London 
Crematorium on Wednesday. Jima 
25th at 11.30 am. Family (lowers 
only please. Donations to John 
Grooms Association for uw Disabled. 
10 Gloucester Drive. N4. All enqui- 
ries please to J.H. Kenyon Ltd. 49 
Marfoes Road. W8. Id. 01 9370757. 

DAVIES on June 20Ui Alun Vaughan 
of S Aifreda Road. Whitchurch. Car- 
diff (formerly Head Of Examinations 
Department- Welsh Joint Education 
Committee). Beloved and loving hus- 
band or Eielyn. Devoted Father of 
Perer. Dear Father-in-law of Eliza- 
beth and BroUier-ln-law of Edith. 
Funeral service In The Lady ChapeL 
Uandafr Cathedral on Thursday. 
June 26lh al 1.45 pm followed by 
cremation at Thornhill crematorium. 
Family flowers only please. 

FOSTER - Jean Leslie On 20th June. 
Beioied wife of William, devoted 
mother of NtfL Richard. Melanie and 
Charles. Family flowers only. Dona- 
tions. ir desired, to LiKham Church 
Restoration Fund. e»o F. J. Chap- 
man A Sons. Funeral Directors, 
Lynn Road. Swafttiam. Norfolk, lei. 
0760 21305. Funeral al LIEChara 
Church. Norfolk al il.30 am. 
Wednesday 25th June. 

HEYWOOD - On June 20. peacefully al 
home. Geoffrey Henry Heywood. 
CB E.. F.I.R.CS.. aged 82. Beloved 
husband of MagdeMne. father of 
Claude and CUrr and a much loved 
grandfather Funeral Service at 
Woking Crematorium on Thursday. 
June 26 al 5 JO pm. All enqutales to 
Woking Funeral Service. Woking 

HOARE - On June 19th. 1986. Joan 
Edith Cardldge inee Farmer), peace- 
fully at home. Beloved wife of Denis 
and dear mother of Gillian and 1 
grandmother lo Edward. Funeral 
Service at Holy Trinity Church. 1 
Brompion Road. Thursday. June 
26th at 2.30 pm. followed by (mer- 
men! a) Putney Vale Cemetery. All 
flown and enuulries. please, to J. H. 
Kenyon Ltd. 49 Marines Road. W8. 
lei 01 937 0757. 

JOHNSON - in Croydon on 15th June. 
1986 to hH 83rd yew. lieutenant- ; 
Colonel John H.F. Johnson O.BJE.. ' 
T-D-. J.P. late the Queen's Royal 
Regiment Beloved husband of the 
lale Judith, dearest father of twins. 
Jeremy and the late Jane and loving 
grandfather of Sarah. Ann. James. 
Jonathan and Timothy. Private fam- 
ily cremation has token place. No 
Dowers or idlers by reauest. Dona- 
tions. if desired, to the Army 
Benevolent Fuad or to the 
whliglfttan Benevolent Society. 

MRKES Mrs Roberta - On 10th June, 
in St Stephen's Hospital. Funeral 
has al ready token place. 

PERRY ■ on June 17lh. peacefully. 
Harold Leslie in ihe Craig Clinic. 
County Down Sadly missed by all 
hfc fam ily and many friends- 

ROVfETT on 19U) June 1986. sud- 
denly at Bath. Geoffrey Charles 
Rowell of London and Bath. A dearly 
loved husband and lather. Cremation 
at Haycombr. Bath on Wednesday. 
Sfith June al 12 20 pm. Flowers 
(sprays only) or donations lo chanty 
of own choice lo E. Hooper & Son. 13 
Si. James Parade. Bath. 0226 


ROWLAND - Suddenly, on Jime 18th. 
Maurice Frank Rowland. OJ3-E. 
aged 75. Loved and loving husband 
of Sheila, fattier of Marilyn and Ju- 
lia. grandfather of Emma. Jonathan. 
Michael. Katie. Jason and Leila. Fu- 
neral al SL Mary's Church, west 
Horeiey. 2.00 pm Thursday. 26th 
June. Flowers to L. Hawkins & Sons 
Ud. 2 Highland Road. Leatberhead. 

STAHSBK - JllUan Mary on Jane 
19th. 1986. passed peacefully away. 
Beloved wife of John, adored mother 
of Mark Deborah. Sarah. Miranda. 
Philip. Antony and Robert and 
overlaying Granny of Luc. Funeral 
Service at SL Peter's Church. 
D ui m ln g t on- Hereford on Wednes- 
day. June 25th al ZOO pm. Flowers, 
or donations for Donutagtan 
Church, to S. A. Evans. Funeral Di- 
rectors. 23/24 Gaol Street. 

STAWELL on 1 9 to June, peacefully m 
hospital. Amy of SoutowokL SafTolk. 
Beloved wife of BUly. mother to'Jfan. 
Cremation private. 

TOLLER On 20th June 1986 peaceful- 
ly at Chnstow Devon. Florence Ruth 
Aged 94 Years. Funeral Service at 
St. James Church. Ctulstow. Friday 
27th June at 2.30 p.m. Family flow- 
ers only. Donations if wished to SL 
James Church. Christow c/o The 

WALL - On Wednesday 18 June. In 
hospital near Durban. Moira dare 

daughter of Mr and Mis George and Mrs.ILW. Blakemore, of 
Wain, of Worthing. Sussex.- Windunore Hill, London. The 

Mr AM. Blowers ?frriage wfll take ptaat cra 

and Miss AJU. Foster 5SL~ W ' Sl 29, 

The engagement is announced Middlesex, 
between Andrew Mark, son of 
Mr and Mrs Brian Blowers, of Mr DJML Harrell 
Churl Surrey, and Amanda and Mas JX. Gr 
Mary, daughter of Mr and Mrs The engagement 
Duncan M. Foster, of between David 
Godaiming. Surrey. chael, eldest son c 

Mr 1X3. dark ^ 

and Miss BJ. Stamm** JFM?' 

The engagement is announced ^“ghier of Mr s 
between lan. son of Mrs W.E. Graven, of New N 
Clark and the late Mr GJL 
Clark, of Bournemouth, Dorset Mr C MadLea* 
and Barbara Irena, daughter of and Miss S. Robe 
Mr and Mrs LI. Skmuudd, of The engagement 
London. between Charles, 

and Mbs J.E. Gravett 
The engagement is announced 
between David (Lenny) Mi- 
chael, eldest son of Mr and Mrs 
A. HurrelL. of Beaulieu, Hamp- 
shire. and Jenny Hizbelh, elder 
daughter of Mr and Mrs M.L 
Graven, of New Malden, Surrey 

Dr NAJHL Chrke 
and Dr F.A.Saeed - 
The engagement is announced 
between Nicholas, younger son 
of Mr and Mrs K.I.H. Clarke, of 
Axbridge, Somerset, and Farine, 
younger daughter of Mr and Mrs 
Shaikh Soeed. of London, NW8. 

Dr MJ.W, Creagb- Barry 
and Miss J.M. Speller 
The engagement is announced 
between Michael, youngest son 
of Mr and Mrs GP. Creagh- 
Barry. of Chester, and JilL only 
daughter of Lieutenani-Colonel 
K.R. Speller. OBE and Mrs 
Speller, of WestbuTy-OD-Tryra, 

Mr A.C. Deris 

(Ooocoo) cuter daughter of the tote Mr AjC. Deris 

Marais Wall of toe Indian Polkv and and Miss P EL Hravetl 

Mrs Marais wan. Widow of Unit- lvuw r ~ a ~ ' ,r r* n 

CM. R. C. (Rtcko) wan of toe 2/8th The engagement is announced 

Gurkha Rtftes and dear aunt of Mrs between Andrew Charles, only 

David Crate of Ltfimhuna House. Q f t h- i a , e Mr A.F. Devin 

Gurkha Rules and dear aunt of Mrs between Andrew Charles, only 
!££! 5011 of foe late Mr A.F. Devis 

A^^rwushtre. AB Who knew ^ Mre ^ ^ New 

WEBB Roger John. Adratotstraior of Malden. Surrey, and Paula Brid- 
Petwonh Howe, al home following get. younger daughter of Mr and 

Mre Graven, or New 

Dearly loved tunband of Margaret |<_ Mm . 

and beloved Father of Gffllan and Sal- Mawen, Oumry. 

ly. Funeral Service at Petworth ... T K «- 

Church on June 24th at 3-OQpm. fol- ™ . 

lowed by cremation. Flowers to and Miss J.L Martin 

«oan«\ Grove Road , Petwwm <*■ The engagement is announced 

donations (0 MacMillan Centre, i ___ 

Midhum oetween tamuna. younger son 

Webster- K nown to ms mend as ofMr Hugo Eastwood, of' The 
Tagge - passed away peacefully on Pheasantry. Branshill Park. 

‘iST-? G yr )c r ^L5 Branshill. Hampshire, and Mrs 

SSo^SLiSSS^wSt §££ Jo^i HolniK. of Frostenden. 
11.30 am. Friday June 27lh. Flow. Suffolk, and JullCL ddCSt 
era to j. h. Kenyon ud. 9 Pond daughter of Mr and Mre Mt- 
10 ‘fo* 1 Martin, of 53 Flood Street. 

arranged at a later dale. Chdsea. London. SW3. 

Mr N. J. Edwards 
and Mss L F. MacLeod 
The engagement is announced 
between Nicholas, son.of Mr A. 
Edwards, of High Ham. Somer- 
set and Mre E.R. Edwards, of 
Stockland. BristoL Somerset, 
and Katherine, elder daughter of 
Major and Mrs R.NA. Mac- 
Leod, of Dalvey. Forres, 


McQUAMQE- A Rrqukn) Mass will be 
offered by Rev. Michael Hendry at 
19. Mary's Church. Cadogan Street 
SE1 1 6UG. on Wednesday 26 June 
at 6.30 pm for the repose of the soul 
of Rostfm McQuarrie who died 
suddenly and peacefully at 21 
Sancron streeL Kenninaton. London 
SW3, on 10 June 1986. wife of Al- 
bert McQuarrie. Mc t idier of 
Parliament for Banff and Buchan. 
All friends Invited. This mass win 
a ho be offered for deceased members 
of Uk ChAltoner Ouh. Regutoscat in 


RUSHWOKTH - A Memorial Service 
for Nick, who passed away to an ac- 
ddem to Madrid aged 21. win be 
htfd at Holy Trinity. Brampton on 
Tuesday. July 8Ui at 1 .00 pm. AH 
lanUly, friends, past and present wel- 
come and especially Nick's chins 
from MIIUIeM School. 


ALAHN In loving memory of Dr 
Bolestow FRCP. Passed away on 
23rd June 1986. Deeply missed by 
family and his many friends. 

INGRAM jotm Thomian MJD_ 
f fi.CP.. Emeritus Professor of Der- 
matology. tn everiovlng and 
treasured memory of my dearest and 
devoted husband who passed away 
on 23rd June 1972 - Kathleen. 

Mr C. MacLean 
and Miss S. Roberts 
The engtoiemem is announced 
between Charles, eldest son of 
Mrand Mrs A. Bruce MacLean, 
of Sebergham, Cumbria, and 
Shelia, younger daurtner of Mr 
and Mrs Gordon Roberts, of 
Durham. . 

Mr RJL Mailings 
add Miss E.T. Greenoagh 
The engagement is announced 
between Richard, son of Mr and 
Mre John Mullings. of Pinbury 
Park. Cirencester, and Eliza- 
beth. daughter of the late Mr 
Lawrence Greenough. of Bos- 
ton. Massachusetts, United 
States, and Mre Hanbury and 
stepdaughter of Mr .Peter 
Hanbury. of Hill Ash Farm, 

Mr N. PfcrtOB. RAF, 
and Miss G. Willis 
The engagement is announced 
between Neville, son of Mr and 
Mrs Gerald Panon. of New- 
market. Suffolk, and Gillian, 
daughter of Mr and Mrs Alan 
Willis, of Thames Diuon, 

Mr S.D. Stratum Webb 
and Miss J.B. Rhodes 
The engagement is announced 
between Simon David Stratton, 
only son of Wine Commander 

Slaplehay. Taunton, and Jo- 
anna. elder daughter of Mr 
Jerome D. Rhodes, of Pinner, 
and Mrs Patricia Rhodes, of 

Dr J.A. Tidy 

and Miss SJA. Simpson 

The engagement is announced 
between John Anthony, only 
son of Mr and Mrs A. Tidy, of 
Clifton. Bristol, and Sheila 
Anne, only daughter of Mr and 
Mre J. Simpson, of Kentwood. 
Essex, formerly of Aberdeen, 


Scholar of England’s 
church heritage 

Mr Gerald Cobb, LVO, 
FSA, collector, author, schol- 
ar, antiquary and artist, died 
on June 9 aged 86. 

Cobb joined foe College of 
Anns as a herald painter m 
1919 and worked there for 
over 60 years. In 1931 he was 
elected a brother of the Art 
Workers Guild and was Mas- 
ter in 1951 

His knowledge and love of 
architecture were widely 
known and respected, and he 
was frequently consulted. He 
served on foe London Dioce- 
san Advisory Committee for 
many years, and his voice was 
often to be heard at the Society 
of Antiquaries, foe Ecclesio- 
logical Society and the An- 
cient Monuments Society. 

During foe last war be 

served on the St Paul's Watch 
and was deeply saddened by 
the destruction of the old City 
and so many of his. beloved 
Wren churches. 

Over the years he wrote and 
had published many articles 
and booklets, but he will bfe 
best remembered for his two 
books. The Old Churches of 
London, first published tn 
1942 has never been matched 
for its thorough scholarship. 

In 1980 he traced the 
changes at ten great churches 
m English Cathedrals: The 
Forgotten Centuries, using 
pictures from his own remark- 
able collections. Many of these 
latter are now housed in a 
special room at the National 
Monuments Record in 


The engagement is announced 
between Piers, son of -Mr and 
Mrs D.K.; Tippett, of Earls 
Colne. Essex, and Sally, daugh- 1 
ter of Mr and Mrs L. Stafford- j 
Curtis, of Watton-on-the-Naze, 

Mr WSJ*. Trower 

and Mbs MX. Chastel de 


The engagement is announced 
between William, son of Mr and 
Mrs AG. Trower. of Stanstead 
Bury. Hertfordshire, and Mary, 
daughter of Mr and Mre G.N.P. 
Chaste] de Boinville, ofWalkern 
Hall, Hertfordshire. 


Viscoam Lowther 
and Miss AM. Wyatt . 

The marriage took place on 
Saturday, at St Michael's, 
Lowther. of Viscount Lowther, 
eldest son of the Eari of Lons- 
dale, of Askham House, Penrith, 
and the late Mrs T.C. Littledale. 
and Miss Angela Wyatt, daugh- 
ter of Captain Peter Wyatt, of 
Dartmouth. Devon, and Mre 
Christine Wyatt, of Gorey. Jer- 
sey^The Rev N. .Griffiths offici- 
ated.. . 

The bride, who was given in 
martiage by her' father, was 
attended by David and Natasha 
Nittingand Miss Caroline Bruce 
Blake. Mr Kenneth Armstrong 
was best man. 

A reception was held at 
Towcett House. Penrith, 

Mr JJ. Walters 
and Miss CSJVL Swan 
The marriage took, place on 
Saturday at the Church of St 
Edmund the Martyr. Bury St 
Edmunds, of Mr Jeremy Wal- 
lers. son of the late Captain 
Greaves Walters and of Mre 
Wallers, of Mill Cottage, 
Broadbridge, Horsham, West 
Sussex, and Miss Catherine 
Swan, daughter of Dr Conrad 
and Lady Hilda Swan, of 
Box ford House, Box ford, Suf- 
folk. The Very Rev RJ. Wilson 
and Mgr AN. Gilbey officiated. 

The bride, who was given in 
marriage by her father, was 
attended by James Fish wick, 
Edward and Flora Fitzalan 
Howard. Elizabeth Galvin, Miss 
Anastasia Swan and Signori na 
Barbara Sarto ri. Mr Michael 
Keane was best man. 

A reception was held at the 
home of the bride -and the 
honeymoon will be spent in 

Mr WA Alexander 
and Mrs P.W.C. Griffith • 

The marriage took place quietly 
on June 7. between Mr Bill 
Alexander and Mre Sonia Grif- 
fith. widow of Mr Patrick W.C 

Mr PC. Bridger 
and Miss J.C. Armstrong 
The marriage look place on June 
21. 1986. al Holy Trinity 
Church, between Mr Phillip 
Charies Bridger, son of Mr and 
MrsC.H. Bndger, of Whitdand 

Miss Jane Catherine Armstrong, 
daughter of Mr and Mrs 7. 
Armstrong, of Baccara. Park 
Road. Coventry. 

Mr GTJB. Purvis 
and Miss P-A. Seaward 
The marriage took place on 
Saturday. June 21. at the Church 
of St Mary Magdalene. Rusper, 
of Mr Christopher Purvis, son of 
Dr and Mrs V.B. Purvis, of 
difton Hampden. Oxfordshire, 
and Miss Phillida Seaward, 
daughter of (he late Major BA 
Seaward and of Mrs Seaward, of 
Rusper. Sussex. 

A Member of The Prince's 
Council writes: 

A note needs to be added to 
your short obituary of John 
Higgs lo give lull value to his 
richly varied career. 

After wartime service with 
the National Institute of Agri- 
cultural Engineering and foe 
Ministry of Agriculture. Fish- 
eries ana Food, he was for ten 
years at -Reading University 
where he founded foe Muse- 
um of English Rural Life. 

Appointed a Fellow of Exci- 
ter College, Oxford, in 1963, 
he became Estates Bursar of 
the College and played a full 
part in University life as a 
Curator of foe University 
Chest and Chairman of foe 
Estates Committee. 

He was also a Curator of the 
Playhouse, continuing a life 
long interest in the theatre 
which embraced open air the- 
atre at Stratford-upon-Avon 
and brought him friendship 
with many members of foe 
Royal Shakespeare Company. 

At foe same time he was 
farming in Oxfordshire and 
Dumfriesshire and carrying 
out occasional assignments for 

• In 1971 he left Oxford and 
worked full time for FAO in 
the Agricultural Education 
and Extension Service of the 
Human Resources, Institu- 
tions and Agrarian Reform 
Division and then as Deputy 
Director of foe Division. 

When his term expired be 
concentrated on fanning and 

on the Arkleton Trust, which, 
he founded to study new 
approaches to rural 

He joined the Pnnoes 
Council of the Duchy in 1979 
specifically for his farming 
and estate knowledge and was 
appointed Secretary and 
Keeper of the Records in 
1980. This was perhaps a 
surprising final post for an 
unconventional man, but he 
proved an inspired choice. 

He brought to a demanding 
job great administrative abili- 
ty, an immense capacity for 
hard work and a wide knowl- 
edge of people and subjects of 
concern to the Duchy. j/ 

It is therefore a tragedy that 
his illness, during which he 
received the knighthood of the 
Royal Victorian Oder from 
His Royal Highness The 
Prince of Wales and displayed 
immense courage, should 
have cut off what was proving 
to be a true culmination of Sir 
John's career. 

He was a most loyal and 
devoted servant and counsel- 
lor of The Prince of Wales, 
with whom he worked in close 
harmony in the field of inte- 
grated rural development, 
conservation and land man- 
agement In the afl-too-short ■ 
space of five years bis contri- 
bution to foe affairs of the 
Duchy of Cornwall was re- 
markable. His wise and able 
pretence will be very greatly 

He leaves a widow, 'Eliza- 
beth, and two daughters. 


Mr Frederick Drayton Por- 
ter, OBE, QPM, who died on 
June 5 at the age of 73, was 
Chief Constable of Cam- 
bridgeshire from 1963 to 

At the time of his retirement 
from the force in 1977 after a 
distinguished career spanning 
44 years during which he was 
awarded the Queen’s Police 
Medal he was Britain’s long- 
est serving police officer. 

He joined Nottinghamshire 
police in 1933, was promoted 
from sergeant to superinten- 
dent in 1947, became deputy 
chief constable in 1951 and 
moved to Cambridgeshire as 
chief constable in 1963. 

Ah internationally known 
expert on road traffic prob- 
lems, in 1960 he was invited to 
Yugoslavia to advise the civic 
authorities of Ljubljana on 

solutions to the city's traffic 

He was foe first chief con- 
stable of the then Mid-Anglia 
Constabulary and was chief 
regional police officer desig- 
nate, responsible for emergen- 
cy planning throughout East 

As Chief Constable of Cam- 
bridgeshire Porter became^' 
noted for his robust consent 
live stance on law and order 
issues, at a period of a certain 
amount of student unrest 

And on one occasion he 
suggested to gentlemen under- 

towards foe fair sex in the 
matter of escorting lady 
friends back to their college 
gates after a night out would 
help to cut the number of 

He was married with a son 
and a daughter. 


The Rev Daniel Singh, who 
died on June 11, devoted his 
life to work among Asian 
Christians in London, and was 
minister at All Saints, Tufiiell 
Park, where the Anglican rite 
is conducted in Urdu and 
Punjabi, as weD as in English. 

He was bom at Sialkot 90 
miles from Lahore, in 1923. 
On first arriving in Britain 
over twenty years ago he first 
took up a job in accountancy. 

Bui bis real enthusiasm was 
for spiritual work among his 
own people and in a lay 
' he ministered among 

tians, helping to found 
London's first explicitly desig- 
nated ’Asian Church' m June 

Originally foe new congre- 
gation met at St Mary's 

Church rooms. Upper Street, 

Meanwhile Singh was en- 
couraged to pursue training 
for foe ministry and following 
a course at OakhiU, was 
ordained in 1977. 

However, last year, the 
congregation found a building 
of its own, the redundant 
Anglican church of All Saints, 
Tufiiell Park, and gained per- 
mission from the Church 
Commissioners to use iL 

At foat time foe building 
had lain derelict for years, and 
was being used as a repository. 
However foe Asian Christians 

once again the Anglican rite is 
being celebrated at Tufnefl 
Park, a fact its former parish- 
ioners could hardly have an- 
ticipated - much less that 
services there would ever be ^ 
conducted in Urdu. 

-V- * ■ 






■m ■ 




Paul GrifBths reports on a climactic moment at Orkney’s St Magnus Festival 

Precariously cogent and moving 

- ' 
i‘ar» ft, 

^ Britons 

over ferry 


- ‘ 

-ad tow Freadi 
J aisautcd 

• ■ • ■ 

- • : LiM Sussex. 

"1 !h < 

' •> »hcD i 

' mtluw 

’ - -2 nljj, 

~r.!ch sto* 



soldier dies 

’• ■■ A.’kk'T DJS 
>- tMad ®i 

- a *n wi. 

- Cis^ascrn- 

:roa it 


•' vrcs-rjja 
: i ntiliur. 


j- '-“ «& *2 
"Ji at? 
•-> jai 
. .:.J. ucai 

- -.ristiis 
• • :;:w us 

... . irccns* 

\j?.;re cnraes 
beared up 

• -.vr.. ; 'rr^ 
: “ per rt« 

- aJ £ 
- -■.rrkafJB 

• •. .• 'i rrisp'- 

. - ^aal* 

- •. - 

- -r ‘hi’ > a ^ 

-O'** 1 

• :.ue 

is dent hurt 

s,rp ” 
• -uft : 


< itmue 


p do* 


f The BBC began two new series 
fast night which. I doubt coo Id 
have been transmitted .at any 
other timeoftheyear.In both, 
well-known presenters trotted 
along to the homes of well- 
known public figures and 
slummed over their lives like 
water-fUes. This time- 
honoured format was summed 
OP by the sight of Richard 
Baker trying to look impressed 
by a loaf of bread. 

It had been cooked by 
everybody's favourite comedi- 
an, Ronnie Corbett. He was 
the subject of BBC2’s F* rv- 
oorite Things. “It does seem to 
me as though food fa a 
hronifte thing”, said Baker 
gamely, after exhausting his 
limited repertory of astonish- 
ment. The trouble with sack a 
programme is that everything 
becomes a candidate, from the 
Magfrnix to the delectable 
Mrs Corbett to the golf-dabs. 

Meanwhile, Qm Mkh- 
ehnore sal on a window-nil 
with the Archbishop of Can- 
terbury. In the Hand coarse of 
Bornean Sunday (BBCl) we 
learnt that Dr Rande was an 
expert on raring form rad bad 
Brat seen the light when 

atteafing Confirmation flaw 

with a girl he was keen on. 
Tve trusted yea, Lord”, was 
his reaction to being appointed 
Archbishop, “bn* this does 
aeon to me a great error." 
Whfle be came over as plausi- 
bly human, the programme 
itself — Interspersed with his 
favourite hymns — was doll 
and en&veaed only by the 
cameraman's unfaltering eye 
for the prettiest chofrgfris. 

Adapted by Derek Mahon, 
The -Datum Una (Granada) 
was a lavish over-prodnetion. 
of Elizabeth Bowen’s story 
abort love among the rams. In 
1916 a gid pledges to wait 25 
years ior a soldier who is then 
reported missing. The years 
p&e-ap, children are.bam.nnd 
she forgets — rati) one day in 
foe Blitz she visits , her Ken- 
smgton home and finds a 
spidery tetter. 

Dorothy Tut™ was saHabty 
nervy in foe lead role and there 
was a splendidly camp perfor- 
mance by Adrienne Coni. 
Unfortunately the ~ dfRCtUi 
Peter Hammond, gave too 
uracil prominence to both foe 
sen and .foe- nmsic. . r This 
suffocated some fine acting 
and- snuffed out any real sense 
-Of horror, v 


Cathedral, Kirkwall/ 
BBC2/Radio 3 

Whatever may become of the 
St Magnus festival — as every 
year, so it seems, there has to 
be the same controversy about 
the acceptabteness of Maxwell 

watting grey vans — so that 
television could, as is its way, 
make us know the event was 

Yet the premiere, itself was 
no glorying celebration- The 
new concerto is restrained in 
its scoring, for a Beethoven 
orchestra, and sombre, even 
bleak, in its general tone. Like 
any substantial work in a 

Davies’s musical presence and' major composer's output, it 
presents— whatever may hap- changes our view of what he 

pen, Saturday night's concert 
will surely be remembered as a 
climax in the composer's as- 
sertion of himself as an 
Orkneyman. For here, brou- 
ght about principally by the 
existence ofhfa Violin Concer- 
to to baptize, was the first visit 
to Orkney by a professional 
symphony orchestra, with in- 
ternational star conductor and 
soloist; and here was the fire* 

has done beforr. it seems to 
complete, or perhaps (which 
would be, in a sense, more 
alarming) only to carry fur- 
ther, a process of synthesis, 
muting and closing coherence 
that can be traced from the 
Second Symphony at the be- 
ginning of the decade through 
the chamber symphonies and 
most recently foe Third Sym- 

soloist; and here was the fire* phony. The parallels that have This Violin Concerto he 
tnnk sandstone cathedral of St been drawn with Sibelius be- describes as being in F sharp, 
Magnus blasted by light and come ever truer, and they are which is already a cause of 
viewing cables to a school of parallel not with foe urgent some precariousness for foe 

lyricism of Sibelius’s own 
Violin Concerto so much as 
with foe brooding stillness and 
precariousness of bis Fourth 

The precariousness fa par- 
ticularly near foe surface. As 
Davies has gone on, during 
foe last decade, writing big 
pieces in foe standard forms, 
so it has seemed increasingly 
that he is writing not "great 
works” but rather explana- 
tions of why great symphonic 
works cannot be conceived: 
mirrors of absent master- 
pieces. This is no fault in him, . 
of course, but rather a truth of 
foe time. His contribution is 
to have the mastery of a 
tangential, cross-eyed tonality 
that rpafcfty his explanations 
cogent and indeed moving. 

This Violin Concerto he 
describes as being in F sharp. 

soloist The first movement is 
a big structure in Davies’s own 
kind of sonata style, occupy- 
ing folly half of foe total half- 
hour duration. It is marked 
** allegro moderato”, though in 
this performance it seemed 
more an andante, and it is 
plainly concerned with foe 
opening violin melody, which 
introduces a quality of Scot- 
tish lament that is central to 
the concerto. Also central fa 
foe prominence of the timpa- 
ni, which are only introduced, 
in one of foe work’s coups de 
theatre, as foe music moves 
from exposition into devel- 

Hitherto striving against the 
odds to maintain some kind of 
immediacy, foe soloist is now 
confronted by his dark double, 
and foe development paces 
itself up to a clinching accom- 
panied violin-timpani duet, 
then to a solo cadenza. An 
attempt at reprise leads m fact 

into foe slow movement, 
where the lament becomes 
surprisingly naive and regular, 
highly divided strings provid- 
ing a complex drone to foe 
soloist's chanter. Again foe 
timpanist is silent at first, and 
again his entry is dramatic, his 
function ominous as he mocks 
the soloist with foe rudimen- 
tary simplicity of a falling 
octave. The finale, as one may 
more than half expect, is a 
repetition of foe same scheme, 
but not wearisomely, since it 
is music of orchestral and solo 
brilliance, jagging at Scottish 
dance patterns while retaining 
foe work's grim seriousness. 

It will be perhaps a little less 
grim when played by violinists 
more inclined than Isaac Stern 
to point up its nimble, guirky 
rhythms and its dynamic pro- 
file, but foe RPO under AndrC 
Previn gave a commendabiy 
wide unveiling of foe orches- 
tral score. 

i 4F&v- ■ 


Maxwell Davies: parallels with Sibelius grow i n g ever truer 



The speHbmdiag enigma of William HotPs Wofaey hi Henry VIIJ 

Almeida Festival 

Bridging the culture-gap 

Almeida Theatre . 

Too much is made of suppos- 
edly unbridgeable culture- 
gaps. Of course, untutored 
Western ears wifi hear tradi- 
tional Japanese music differ- 
ently from those whose 

Kakuo Tanaka. 

Tanaka, a tradfrronaDy- 

of vibrato, pitch-bending and | 
some fervent snorting. His 

it will inevitably be shallower, 

garbed figure kneeling sektfibn included the delighl- 
stradght-backcd on a red mat, Tsuru No Sugoman . A 
maintained a monkish do* Crane on the Nesf\ which 
meanour rad absolute physi- celebrated that elegant bird 
cal stillness throughout. Emo- ^ . 811 el egan t ra- 

tion was expressed only folding of long-breathed 

coloured by irrelevant associa- 
tions and perhaps based on 
faulty assumptions. But if foe 
listener is open-minded 
enough, rad foe instrumental- 
ists are adept at projecting 
their own enthusiasm, the 
basics if not foe subtleties of a 
culture can be quickly trans- 
mitted. That was certainly the 
case in foe final concert of foe. 
Almeida Festival's •‘Japan" 
week, with two outstanding 
performers present: the 
shakubachi player Yoshflrazn 
Iwamoto (a comparatively fa- 

ways with an enormous trian- 
gular wooden plectrum — and 
his voice, which rose freely 
from a grainy baritone to an 
impassioned falsetto at cli- 
mactic moments. 

His main offering was 
Atsuntori, foe lament of a 


Both players were needed 
for the only modern piece: 
Torn Takemitsu’s 1966 work 
Eclipse, receiving its British 
premiere. It was a disappoint- 
ment Takemitsu did reveal 
more sophisticated instru- 
mental possibilities. But an 
interesting idea in theory — 
that the players determined 

12th-century warrior who re- ' prayers aetermraea 

■xVrm that the enemy at Ins relationship between them 
mercy is a youth resembling through spontaneous reaction 
his own son. He beheads foe to reading some Tagore quota- 
boy anyway. The tragedy is tiems in the score— m practice 
expressed as much by decora- -fell very flat 

Richard Morrison 


r. ? 

s - . ... ' *.-Tv 

r .»• , ' •• v 

’ :• ’• < 

j VVhat.jTofceven50p? 



a 5;R>r credit card donations please telephone 01-253 9433. 

foe end in the hope that the 
newcomer could be ready in 

The ballet (sponsored by 
American Express) proved 
worth waiting for. It lakes its 
origins from a score. The 
Seventh Enoch ian Key, by 
Edward Shipley. Written for 
an ensemble of IQ players, it 
takes foe formality of Elizabe- 
than music rad distorts it into 
strange, diabolic twists. This 
treatment rad the title, a 
programme note tells us, de- 
rive from foe theories of 
Queen Elizabeth Fs astrologer, 
rad foe seventh of bis 
Enochian keys invokes earth- 
bound pleasure. 

Bruce's choreography 
shows four courtly couples 
dancing in a wood. Under foe 
music's influence their move- 
ments grow first twisted, then 
hugely perverse. Siobhra 
Stanley couples eagerly, ur- 
gently with Ben Craft Diane 
Walker turns Robert Poole 
into a pet animal. Frances 
Carty’s shame quickly turns to 
abandon as she gives herself 
simultaneously to two lovers. 
Only foe youngest of foe 
women, Sara Matthews, re- 
mains innocent, an achieve- 
ment rewarded by being bitten 
! to death by the others, before 
they resume their ceremo- 
' nious behaviour. 

This new light on Glor- 
iana's subjects not only looks 
forward to The Rite of Spring 
but back to classic antiquity 
too, with fauns and maenads 
in the dances. So foe subject 
bizarre as it may seem, must 
answer to something tuneless 
in human nature, 

Bruce’s treatment grips the 
attention throughout his dan- 
ces conveying their intentions 
with swift, subtle allusions. 
The cast including Bruce 
Michetson as foe brave substi- 
tute, is uniformly good, rad 
the admirable, versatile Mer- 
cury Ensemble makes a con- 
vincing case for Shipley's 
strange score Pamela Mane’s 
designs neatly abet the theme, 
with lasciviously suggestive 
costumes and even foe pillars 
of a classical temple in foe 
background, twisting out of 
true as foe action proceeds. 

. John Perdval 

Irving War die at the Stratford Festival, Ontario 

Drama won from pageant 

Two years ago, on my last trip again? We can see that in 
to Stratford, Ontario, I Ohio’.’* 
thought there was something Of the five Stratford shows I 

in the wind when foe Festival saw, by far the best was Brian 
Theatre spokesman referred Rintoul’s production of Henry 
to one recent recruit to foe VUl which (like foe Niagara 
company as "the distin- version of Cavalcade) ro- 
guish ed Canadian actor, John claimed the piece from pag- 
Neville”. Neville, foe hero' of eantry fa- drama. It does 
the Nottingham Playhouse contain passages of magnifr- 

was a lot of fun, fully estab- 
lishing the company's musical 
credentials, rad brilliantly de- 
signed (by Polly Scranton 
Bobdanetzky) to make Ro- 


Prince’s Trust 
Birthday Party 
Wembley Arena 

It was Sting who remarked 
that, since Live Aid, foe top 
rock musicians have got to 
know and trust each other in a 

„„„ __ i__t, _ '„u. -<r miuw «uiu uuai cam uuici m a 

broader way than ever before, 
the bouuquc peg- Ofoerwire, When Char{es his 

rad London's first Alfie, a 
Canadian! After their abortive 
attempt to appoint John Dex- 
ter, it seemed that the Strat- 

cent spectacle — particularly 
the dance of golden shepherds 
at Woisey's masquerade — but 
all its splendour is set against 

ford governors were taking the wall of a black iron cage, 
care to establish foe national The feeling throughout is that 

credentials of their next candi- 
date well in advance. Sure 
enough, there was no repeti- 
tion of the Dexter rumpus 
When the outgoing Canadian 
artistic director. John Hirsch, 
surrendered the job to another 

Since Neville’s arrival. 

the events are too close for it 
to be safe to speak the truth; so 
poisonous hints are dropped 
without being pursued to out- 
right judgement against the 
great persons involved. The 
pervading atmosphere corn- 
fan es ambition rad fear; and 
fa- every character who speaks 

though, a new broom of his mind, like James 
unmistakably British make Blendick's roaring Bucking- 

1 Dance 

nf»a Ballet Rambert 

Ure-gdp Sadler’s Wells 

miliar figure in Britain) and a Iwamoto, on his end-blown An injury to one of foe 
marvellous ^ uiwa virtuoso, bamboo Bute, made fine use dancers two hours before cur- 
^ of vibrato, pitch-bending and tain-rise resulted in a diff- 

some fervent snorting. His banger of an evening fa- the 
selection induded the delight- Ballet Rambert on Friday, 
fill Tsuru No SugomarL “A with Christopher Bruce hur- 
Crane on the Nest", which riedly teaching a replacement 
celebrated foal elegant bird his new ballet Ceremonies, 
with an equally elegant un- which was shifted from the 
folding of long-breathed middle of foe programme to 

has been sweeping through the 
Stratford offices. It would be 
an exaggeration to refer to a 
wholesale purge; but, even 
without the huge inherited 
deficit, Neville is a declared 
foe of North American bu- 
reaucracy, and has e m b ar ked 
on his regime with a shedding 
of assistratships rad high- 
sounding executive tides. 

To the public, his most 
visible action has been to 
dishand the popular operetta 
, company which formerly held 
sway at the Avon Theatre 
under Brian Macdonald 
(whose Mikado appeared at 
the Old Vic two years ago). 
Instead, in line with the 
National Theatre and the 
RSC, he has assembled a 
single company supposedly 
capable of playing anything 
that comes their way. 

Opening with The Boys 
from Syracuse (the first Shake- 
speare musical, based on 
Shakespeare's first play), rad 

ham, you are aware of others 
keeping dangerous thoughts to 

This requires, and gets, 
subtle performance. In the 
garden scene where Anne 
BuSen receives wad of the 
King's favour, Lucy Peacock's 

no production came properly 
into focus. Hamlet, Neville's 
only contribution, contains 
some nice coin-spinning ech- 
oes of Rasencranz. and several 
fresh insights (pinpointing the 
onset of Ophelia's madness by 
letting her see Hamlet dispos- 
ing of her father's corpse): but, 
with such a Hamlet as the 
pinched rad gabbling Brent 
Carver (“You hear this Mow 
in foe cellarage consent to 
swear" was one typical mis- 
reading), the {day has tittle 

Of the two romances so far 
unveiled, Richard Ouzou- 
ntan’s Pericles has foe novelty 
of a jazz-singing Gower 
(which effectively obliterates 
foe linkin g narratives), and a 
sequence of exotic parades for 
the hero's various ports of cati, 
with Geraint Wyn Davies 
gradually ageing from a rolling 
Siegfried to a reclusive How- 
ard Hughes. The brothel 

Anne as an unaffected scenes (foanks to Nichfara. 

other lady-in-waiting, but fry 
the end — and by foe most 
delicate means — foe has 
wholly distanced herself from 
her unfavoured companion, 
and leaves the stage frilly 
transformed into the Marchio- 
ness of Pembroke. 

Peripheral scenes tike that 
take their quality from foe 
central power mechanism 
which achieves maximum im- 

swing, and the story is periodi- 
cally lit up by other expert 
small performances. What is 
missing is the oceanic pulse of 
the {day, rad foe impact of the 
final reunion. 

A more ambitious produc- 
tion, David William's The 
Winter's Tale sets out to 
represent the play as a dance 
to the music of time: opening 

pact in the performances of “d closing wifo an Edwardi- 

if playing anything William Hutt and Leon 
s their way. PowsalL It is a dose partner- 

5 wifo The Boys ship between two totally dif- 
fuse (the first Shake- ferent playing styles. Hutt 
msical, based on presents Wolsey as be is seen 
. re’s first play), rad by foe Court an impenetrably 
spanning foe full canon up to masked figure, preserving aU 
Henry VIII, the season offers a his secrets behind a gentle 
model of integrated pro- half-smile, hands clasped bo- 
gramme planning. Hamlet fore him and moving wifo 
and Rosencrantz and Guild- unemphatic dignity. He pre- 
enstem are Dead appear, back sents a spellbinding enigma, 
to back, at foe Avon, along which persists in spite of his 
with Henry VIII and A Man occasional giveaways (“We 
for AU Seasons. Macbeth rad live not to be gripped by 
Arturo Vi are similarly paired meaner persons"). Mr Pow- 
on foe Third Stage; while foe nail, by contrast, has no 
Festival Theatre reverts to secrets; even his claims to 
Shakespeare wifo three of foe marital conscience are trans- 
late romances: parallel studies parent subterfuge. Wifo a 
in reconciliation which hap- voice that ranges from a 
pen to be reuniting foe compa- thunderclap to a near-whine, 
ny with foe formerly estranged and a manner veering between 
directors Robin Phillips and open-hearted friendship and 
Martha Henry. It is not the murderous suspicion, he pro- 
safe programme you would sents Henry as an autocrat fa 
expect from a debt-crippled ever looking for somebody he 
organization; but, as Neville can lean on. It is a portrait of 
says, what is safety? “People foe tyrant as a small boy. and I 

an tableau of the generations, 
and linked throughout with 
echoes of Schumann’s “From 
Foreign Lands” which crops 
up, variously arranged, as a 
waltz, polka and peasants' 
dance before returning in its 
original form — by now thor- 
oughly exhausted — to accom- 
pany the revival of Hermione. 

This elegiac framework has 
no perceptible effect on the 
body of foe play, which dis- 
plays Canadian acting at its 
most bouncily extrovert. Rob- 
in Phillips’s Cymbe/ine joins 
foe repertory in August Until 
then, Stratford has a boldly 
enlightened programme and 
at least two productions that 
live up to it 

wife throw a birthday party, 
none of foe gang now want to 
raiss out 

As is usual when rock dons 
its “variety show" hat foe 
moments of musical splen- 
dour rarely coincided with foe 
moments of emotional specta- 
cle. The stands were vibrating 
wifo foe physical excitement 
of the audienoe when Mick 
Jagger and David Bowie 
turned up, but their perfor- 
mance of “Dancing in foe 
Street” was loose to say foe 
leasL George Michael unex- 
pectedly appeared and, duet- 
ting wifo Paul Young, sang 
“Every Time You Go Away", 
which was fine, except that 
Young had already performed 
foe song himself about 20 
minutes before. 

But before the whole out- 
sized ensemble reached its 
good-natured finale, there was 
a lot of effort and evidence of 
serious musical preparation. 
Big Country rad Level 42 did 
much of foe donkey-work in 
foe first half livening up foe 
initially subdued crowd. The 
“supergroup" which took foe 
stage for the second half, rad 
which included Eric Clapton. 
Mark Knopfler, Phil Collins, 
Elton John and Howard 
Jones, had been property re- 
hearsed under foe musical 
direction of Midge Ure, and 
gave consistently good sup- 
port to solo numbers by Tina 
Turner. Clapton, Jones and 

But the two high points for 
me were firstly seeing Joan 
Armairading playing a rather 
nervous but moving guitar 
solo during foe exquisitely 
soulful “Reach Out” while, 
two paces behind her. Clap- 
ton, Ure and Knopfler con- 
fined themselves to a sym- 
pathetic rhythm accompan- 
iment; rad secondly when 
Knopfler led the band, wifo 
Sling in tow, through "Money 
for Nothing”, at which point 
the music, smiles and sense of 
occasion coalesced in one 
joyous whole. 

David Sinclair 

are just as likely to ask ‘Why 
are they doing foe Dream 

have never seen it equalled. 
The Boys from Syracuse 



8 King Street, London SWI.1H; 01-839 9060 
Monday 23 June at 63D pjn. 

Tuesday 24 June at II are. 

Tuesday 24 June at 2-30 p.m : 


■Riesdav 24 June at 11 a re and 230 pre 
Wednesday 25 tune at 1(130 are and 230 pre 
Wednesday 25 June at 1030 are 
Thursday 26 June at 11 are an d 230 pin. 

Thursday 26 June at 230 pre - 
Friday 27 June at II are 

Christie's King Street is open tor viewing on Sundays 
from 2 pre to 5 pre 

Christie'S South Kensington is open for viewing on Mondays 
nntfl 7 pre For information on the 14 sales this week 
please telephone 01-581 7611 
Christie^ have 25 local offices in the UK. if you would 
tike to know the name of your nearest representative 
please telephone Caroline Treffgaxne on 01-588 4424 

II Trovat o re The Marriage « Figaro 
The Mihadfr* Madam Butterfly 

Aida CavaDeria Rusticana*/Pagliacci* 

Hie Rape ofLncreiia m ma mi m Carmen* 

Die Fledermans aasThe Diary of One Who 
Disappeared*/Osud The Queen of Spades 

Join ENO’s Autumn ’86 
Subscription Season — 

7 flexible schemes, savings 
up to 30% 

■*- , , ffwtwlimni ChyCnaadl 

■aB w prmfamha Beotia* ia by jnwonJy ea brtjdfrfLondoo 



☆ * * ☆ & 

Dublin concern 

over hold-up 
in RUC inquiry 

By Richard Ford 

Dr Garret FitzGerald, the 
Irish Republic's Prime Minis- 
ter. yesterday expressed con- 
cern at the delay in producing 
a final report of an investiga- 
tion into allegations that the 
Royal Ulster Constabulary 
operated a “shoot to kill" 
policy in Northern Ireland. 

He said his Government 
had been “taken aback" at the 
conflicting versions being giv- 
en about the status of a report 
sent to the RUCs Chief 
Constable and then to North- 
ern Ireland’s Director of Pub- 
lic Prosecutions. 

In his first comment since 
Mr John Stalker, Deputy 
Chief Constable of Greater 
Manchester, was removed 
from heading the inquiry 1 , Dr 
FitzGerald outlined his 
Government’s worries over 
the issue, and its effects on 
Anglo-Irish relations. 

The Irish Government be- 
lieved that the report was a 
“final one" having apparently 
been told that by Mr Tom 
King, Secretary of State for 
Northern Ireland, at last 

week's meeting of the joint 
Anglo-Irish ministerial con- 
ference. But it was alarmed 
and angered that it later 
turned out to be an interim 
report, and was clearly 
marked as such when it was 
sent to Sir John Hermon, 
Chief Constable of the RUC. 

While British officials insist 
that the confusion was an 
error, in Dublin there was 
suspicion that an attempt had 
been made to mislead Irish 
ministers and officials. Mr 
King later spoke to Mr Peter 
Barry, the Republic's Minister 
for Foreign Allairs, to clarify 
the situation. 

Dr FitzGerald said his Gov- 
ernment had been concerned 
at the events leading to the 
shooting dead of five unarmed 
terrorists and an unarmed 
youth leading to allegations of 
a shoot-to-kill policy. There 
was also concern because, in a 
sworn statement, evidence 
had been given that there had 
been an intrusion into the 
Republic's jurisdiction by 
northern security forces. 

MP in plea to Hurd on 
Stalker investigation 

Continued from page 1 

It is almost a month since 
Mr Stalker was ordered to take 
extended leave, four day's 
before he was due to fly to 
Belfast to complete the most 
difficult and sensitive part of 
his two-year investigation. 

He had finally expected to 
be given access to a tape 
recording from an MIS sur- 
veillance device in operation 
in a hay bam near Lurgan in 
1982 when an RUC undercov- 
er squad shot dead a youth, 
aged 1 7, and wounded another 

Mr Stalker suspected that 
the two men were set up by an 
agent provocateur and the tape 
might contain evidence to 
contradict the official police 
version of the incident. 

The complaints against Mr 
Stalker cehtre on his 17-year 
friendship with Mr Kevin 
Taylor. In particular the ques- 

tion of hospitality received, a 
holiday that the two men 
shared in America and a 
photograph taken at Mr 
Taylor’s birthday party more 
than four years ago have all 
been investigated. 

A photograph in the posses- 
sion of the inquiry team is said 
to show a former detective 
with a criminal record at the 
party, with Mr Stalker in the 
background. The former offi- 
cer had once served under Mr 
Stalker when he was head of 
Manchester’s drug squad. 

Mr Stalker will tell Mr 
Sampson that he and his wife 
Stella spent only one and a 
half hours at Mr Taylor’s 
party to deliver a gift 

A powerful argument that 
Mr Stalker and his lawyers 

intend putting to Mr Sampson 
counter the 

to counter the allegations is 
the fact that he has been 
positively vetted several times. 

Today’s events 

Royal engagements 

The Queen and The Duke of 
Edinburgh, give a reception for 
the delegates to the Common- 
wealth Conference of the Royal 
Life Saving Society, Bucking- 
ham Palace. 6.30. 

The Duke of Edinburgh. 
President of the Royal Mint 
Advisory Committee, opens the 
Royal Mint's 1 1th Centenary 
Exhibition. Goldsmith's Hail, 
EC1 S; and later, as Patron and 
Trustee of the Duke of 
Edinburgh's Award, hosts a 
dinner to mark the first meeting 
of the Advisory Council of the 
International Award Forum. 
Carlton Club, St James's Sl 
SWI. 8.15. 

Prince Edward, Chairman of 
The Duke of Edinburgh's Award 
30th Anniversary Tribute 
Project, attends a wine tasting. 
Guildhall. ECZ 6.15: later, he 
attends a dinner to mark the 

mg of 

Council of the International 
Award Forum. Carlton Club, St 
James's St, SWI, 8.15. 

The Duke of Kent, President, 
accompanied by the Duchess of 
Kent, attends a Championship 
Meeting, Wimbledon All En- 
gland Lawn Tennis and Croquet 
Club. SWI 9, 1.50. 

Prince Michael of Kent at- 
tends the British Army Equip- 
ment Exhibition, Pegasus 
Village. Aldershot, 10.30; later, 
as Commonwealth President of 
the Royal Life Saving Society, 
he attends The Queen's Recep- 
tion for those attending the 6th 
Commonwealth Conference, 
Buckingham Palace, 6. 

New exhibitions 

Caribbean focus: Photographs 
life; Mu- 

of Caribbean working lil 
seum and An Gallery, New 
Walk. Leicester, Mon to Sat 
9.30 to 5.30 (ends November 
20 ). 

Works by students, staff and 
associates, past and present, of 

The Times Crossword Puzzle No 17,079 



1 Base pest — led a revolution 

( 8 ). 

5 Cry aloud like an opera star 

10 The top man must be 
straight. 1 (5). 

31 A flighty little creature jok- 
ing in church (9). 

12 They're directors, by the 
way (9). 

13 Verses written by a worker 
in company (SL 

14 Port of stronger flavour? (7). 

16 The most boring dunder- 
head tries to be different (6). 

19 A landlord's correspon- 
dence (6). 

21 About five remain maybe to 
see a goddess (7). 

23 Duck puff in the evening! 

25 Pat on die sprinkler for the 
racecourse (9). 

27 He values a quiet person 
giving approval (9). 

28 A woman's grateful (5). 

29 Players ordered off (6). 

30 Pole with nothing — the fel- 
low was once an impressive 
beast (8). 


1 The ruination of parties — a 
hanger-on (8). 

2 Continental coach industry* 

3 Very little credit is reposed 
in a fool (5). 

4 He charges an employer un- 
der a couple of hundred (7). 

6 A liking for disorder (9). 

7 A leading Communist left a 
number upset (5). 

8 Train a collection of aquatic 
animals ( 6 ). 

9 Sally keeps half-hose pulled 
up (6k 

15 Mostly all at sea (2,3.4k 

17 Withdrew from 

com petition. yet scored (9). 

18 A holding company (8). 

20 This vegetable is bard to 
cook (6k 

21 Junior accountant here on 
holiday? (7k 

22 Threaten people with one 

( 6 ). 

24 Fruit in a great heap pleases 
youngsters (5k 

26 Individual not taken into 
account (5k 

The Solution 
of Saturday’s 
Prize Puzzle 
No 17,078 
will appear 
next Saturday 

Concise crossword page 14 

by delay 

Rodney Cowtoo 

fence Correspondent 

The decision to delay the 
p ri vatization of the weapons 
and ammunition group, Roys! 
Ordnance, wOl come under the 
spotlight today when Mr 
George Younger, Secretary of 
State for Defence, officially 
opens the British Army Equip- 
ment Exhibition. 

At the Aldershot exhibition 
yesterday, the discussion on 
the delay took precedence over 
the (act that Short Brothers of 
Belfast and Airis had been 
selected to provide a new 
missile air defence system for 
the Army, or that Vickers had 
a new tank on display. 

It bad been expected that 
the Ministry of Defence would 
announce during the exhibi- 
tion it had placed a £100 
milli on order with Royal Ord- 
nance for about 80 Challenger 
tanks. This was to have been 
one of the early moves to 
ensure a successful public 
flotation of the company in the 
second half of next month. 

Although the directors of 
Royal Ordnance have main- 
tained a public silence about 
the postponement of privatiza- 
tion, h is dear that it has come 
as a profound shock to them. 

This is confirmed by the fact 
that a fire-power display of the 
company's weapons and am- 
munition, which had been bud 
oa to impress representatives 
■of major financial institutions, 
had to be cancelled at 24 
hours' notice. 

In addition, the publication 
of the company's animal re- 
port and accounts, which were 
drawn up with privatization 
very much in mind, and which 
were doe to be published last 
Friday, was postponed at 48 
hours’ notice. 

The company now hopes to 
be able to outline futu re inten- 
tions in relation to privatiza- 
tion after a meeting of senior 
executives on July 1. 

Although official sources 
claimed there were many fac- 
tors which suggested that 
Royal Ordnance was not ready 
for privatization, It was widely 
assumed it was its objections 
to the ministry’s intention to 
give it the Challenger tank 
order, without allowing other 
companies to compete, which 
caused the postponement. 

Flying robot: A soldier 
wearing the latest protec- 
tive suit holds aloft a 
model of a robot aircraft 
that by the year 2010 
could be used to rec- 
onnoitre behind enemy 
lines, jam radar and de- 
stroy targets, according to, 
the British computer 
company Scicon. 

The robot will have the 
ability to recognize en- 
emy vehicles and relay 
data in short bursts. 

The self-navigating 
Soarfly concept was re- 
vealed at the British 
Army Equipment Ex- 
hibition . at Aldershot 

Prince disappointed at 
second-class degree 

Prince Edward was reported 
yesterday to be disappointed 
at his Cambridge final exami- 
nation results announced at 
the weekend. 

He was awarded a £2 
honours degree in history, an 
average pass at the university. 

“One of the things he most 
wanted was a 2:1, to better his 
brother's result,” a fellow 
student from Jesus College 
said yesterday. The Prince of 
Wales received a similar de- 
gree 16 years ago. 

But although it is an average 
pass, falling in the middle of 

five different pass grades, it 
does prove wrong the critics 
who said Prince Edward was 
not cleTCT enough for a place at 
Cambridge University three 
years ago. 

Examiners did not know 
they were checking the 
Prince's work. " 

Dr Garin Mad&enzie, Jesas 
College senior tutor, said yes- 
terday: “Edward has proved 
he is a good student.” 

For part one of the degree he 
studied archaeology and an- 
thropology, then history for 
part two. 


Dartington Hall School; Fox 
hole School Dartington; Mon to 
Sat 10 to 12JQ, 2 to 6 (ends July 

Last chance to see 

Etchings and c Drawings by 
Eileen Greenwood; Phoenix 
Gallery. Laveufajun; 10 to 5.30. 

Photographs by Nicholas 
Treatt; Link Gallery, National 
Centre of Photography. The 
Octagon, Mi Isom St. Baft; lOto 

Paintings inspired tor J R R 
e Rings by 

Tolkien’s Lord of the 
Joan Wyatt; Seveuoaks Library 
Gallery; JO to 4. 


Concert by the Kings’ Singer, 
East Church, Kirkwall, Orkney, 

Concert by the Orlando Dean- 
ery Boy Choir St Olave's 
Church. Marygate, 8. 


Young Pianists' Festival; St 
John the Baptist Church. 
Fladbory. 7. 

Antique Fain Town Hall 
BakewelL 10 to 5. 

The pound 


Austria Seta 
Belgium Fr 
Denmark Kr 
France ft 
Germany Dm 
Greece Dr 
Haag Kings 

Intend Pt 
Italy Lira 
Japan Yen 









12 m 




Norway Kr 

*■» — ■ ■ W-— 

rwog*l Lit 
South Africa Rd 



















Rates for smaB denonwtaiion bank notes 
only as supplied by Barclays Bank PLC. 
Ditto rent rates apply to travellers’ 
cheques and other foreign 


London: Tho FT Max dosed if? 3A at 
13S3.4 on Friday. 

Haw York The Boa Jone s industrial 
average closed up 2338 at Wnst on 

The week's walks 

Today. Tho Jewish East End. meet 

Aldgsta U nd ergro und. 11am: Waking 

tour of O erka nwe l L meet Cferkemreli 
Heritage Centre. 230pm-. The famous 
Sherlock Holmes detective trek meet 

Baker Street Underground. 730pm. 

ns of Court - England's 

Tomorrow: inns of 

heritage, meet . __ 

office). Harm Nature walk around Tooting 

Common, meat Tooting Bee Lido. 
4.15pm: Victorian London: Soutn Ken- 
sington revealed, meet Victoria a Albert 

Museum. 7.45pm. 

Wednesday: Soho: London's most 
colourful wage, meet Leicester Square 
Underground. 11.15: Saxon and Norman 
London: Dark — ” 

Dark Age to Domesday, meat 
ktaneum of London. 230; Ongmai Cock- 


East End wan, meet wm»- 
arground, 7|»n. 

Thursday: Lawyer's London - tnra of 
Court and On Bailey, meet Temple 

Undaroound. 1030: Shakespeare and 

the South Bank, meet Bleckfrtars Under- 
ground. 2pm: Historic Pub Walk In 
Southwark: Shakespeare's Suburb, meet 

London Bridge Underground. 7.45{Hn. 

square mte - centuries of 

meet SL Pad’s underground. 

of Snertock 

iiam: gf the Fo otst eps 

Holmes, meet Conent Garden Under- 

ground. 1 lam: The Charles Dickens story 

'Curiosity Shop and 

•nth visits to The Old 

the Drckens house museum, me et Hot- 

bom Underground. 230pm. 

Saturday: Hxkten London at the OW Gate, 
meet Atdgate Underground, iiam; Be- 
gan Mayfair, meet Green Park Under- 
ground. 2pm; Treasures and tmn of 
Royal Wastmnstar. meet Green Park 
Underground. 230pm. 

Sunday: Picturesque Hampstead Wage 
and the Heath, meet Itarjipatead Under - 
Harm Cockney London: the 
Walk, meet Wctomtmttr Urter- 
iiam: Bdjgrana ■ upstair* end 
, meet acme Square Under- 
ground. 2pm. 

Nature notes 

Robins are singing less, but 
many other birds are still in 
singsong. Black caps sing deep 
among the leaves of oaks and 
willows; the female, who has a 
bright brown cap. scolds near 
her nestful of young in the 
honeysuckle. Whitethroais flut- 
ter into the air as They sing, then 
drop back into a bramble or 
hawthorn bush. 

Everywhere the sky is full of 
the chatter of housemartms, 
often flying so high that they are 

lost to sight; occasionally a 

bobby swoops among 


spreading havoc, 
batched coots have bright red 
scalps and orange ruffs; their 
parents, diving to fetch food for 
them, sometimes come up wear- 
ing a thick shawl of green 

There are large white rosettes 
of flowers on elder bushes and 
on the stout plants of wild 
angelica. Yellow flags nod in the 
ditches; tall dusters of ox-eye 
daisies sway in the meadows. 
Rough hawkbit is common on 
roadsides - a long, leafless 
dandelion with a hairy stalk. 
Dog roses are opening in the 
hedges, and there are small 
white flowers on goose grass. 
Orange-tips butterflies are out: 
in gardens, they lay their eggs on 
sweet rocket DJM 

Bond winners 

Winning numbers in the 
weekly draw for Premium Bond 
prizes are: £100,000: 10PZ 
842305 (the winner lives over- 
seas); £50.000: 12CN 086550 
(Nottingham); £25,000: MK 
205185 (Cumbria). 

Our address 

tnformatioa tor inclusion In The 
Times Information servic e should be 
sem ro: The Editor. TTTS. The Times. 
po Boot 7. 1 Virginia Street. London. 
El 9XN. 


London eod toe sooth East Wfcubto- 
don: Delays as the teimte tournament gets 
underway, avoid the A219. A3. A24, and 
the town centre. HI; Contraflow between 

S ctions 7 (Ml 0) and 9 (Harpendan) with 
mph restriction. RMs Co n tr afl ow and 
(Mays in doth directions between Mo- 
tions 6. 9 and 10 (Maidenhead). 

The MkflandK Ml:. Roadworks con- 
tinue with two lanes open N and S bound 
between junctions 15(A508)and 16(/W5), 
Northamptonshire. M5: Roadworks cam 
contraflow between Junctions 4 
(B t ai a gr ov e) and 5 (DrortwfchL MS: 
Contraflow at junction 1 (A426 Rugby). 

Wales and the Weal: MS: Contraflow, 

traffic for aewer works, dvaratan. A4: 
Bam FUL Bristol subject to roadworks and 
lane closures between Eagle Rd and 

Kensington Pk Rd. 

The North: H63: Avoid Barton Bridge, 
ha. M& 

Greater Manchester, road widening. MB: 

i ebons 31 (Pree- 

Contraflow between 

ton) and 32 (M5S Blackpool) due to 
repairs. A1(M): Resurfacing and 

contraflow between Aycflfto and 
y Durham. 

mterdtanges. County I 

Information eoppSed by the AA 

Parliament today 

Commons (2.30): Debate on 
Alliance motion on privatiza- 
tion of water authorities. Rates 
Support Giants Bill, second 

Lords (2.30k Social Security 
Bill, committee, second day. 
Airports Bill, third reading. 


Births; Anna Akhmatova, 
poet, Bolshov Foil tan, Russia, 
1889; Duke of Windsor, reigned 
a$ Edward VIII Jan 20, 1936 to 
Dec 11, 1936, White Lodge, 
Richmond Park, 1894. 

Deaths; Sir James Hall, Edin- 
burgh, 1 832; James MH1, philos- 
opher and economist, London, 
1836: Lady Hester Stanhope, 
traveller and eccentric, Leba- 
non, 1839; Cedi James Sharp, 
founder of the English Folk 
Society. London. 1924. 



6 am to mi d ni g ht 

London, SC, centra! S, 5W E n gla nd , 

RMamto, Channel Harts, Wales, Ha 

of Man, N Irel an d: Cloudy thundery 

outbreaks, sunny Ma nuals 

developing He n wirt Elighl or moderate; 
max temp ZDC ffiBFL 
. East Agfa, E.tte England, Bordets, 
EdMasgh, Dundee: M&My dry coastal 
tog pshtoes eunry fmwvafs dmtoptra 
wfiid E moderate or trash; max temp 21C 

at first perhaps same rain 

later, wind E fight or moderate; max tamp 

21C (70O- 

Aberdeen, Mo rey firth, NE fleottewd: 

periods; wind afthc me* temp 

- «mny period s; 

max temp 22C(7ZF). 

Orkney, Shetland: Dry sunny periods 
wtod E to SE fight; max temp 17C {83F) 

cooler on w wk 
tted qofc fo r tawonow and W idneatter 

Sunny Intervals and showers, thwfery at 

tones temperanrea generally near or 
above normal 

SEA PASSAGES: S North Sea; Wind E to 

SE tons 4 or 5. thundery showers. 

vteWSy moderate with fog patches, sea 

sight to moderate, Strait of Dover, 

En^sh Channel (E* Wind E veering ^ 

force 1-3 or force 4. thuxtery showers. 

vtsteHy moderate with fog { 

statit St George's Cham 
Wmd SE force 1-3 or force 4, thundery ram 

or showers, vMbKy moderate, sea j 


Saitae Sen sets: 
444 am 932pm 

525 am- 
Last quarter June 29 

11.25 jan 

rules are as 

Times PorttoUa Gold 

1 Times Portfolio is her. Purchase 
of The Times is not a condition of 
taking pan. 

2 Times Portfolio Ibgt comprises a 
group Of piMic co mpan ie s whose 
shares are listed on the Stock 

11 If for any reason The Turns 

Prices Page is not puMteneri m me 
Times Portfolio win be 

normal way 

suspended Dor dial day. 

Ex c h a nge and quoted In The Timm 
Stock Exchange prices page. The 
companies comprising that iw win 
nor rrom day to day. , The Usl 
ilcn is numbered 1 - 441 is divided 

i lour randomly distributed groups 

11 shares. Every portfolio card 

rams two numbers from each 


unique set of numbers. 

Haw to ota* — Drib DMdaod 
On each day your unique set o f eigh t 
numbers will represent commercial 
and industrial shares published to The 
Times Portfolio list Which will appear 
on Uie Stock Exchange Prices page. 

In Uw columns provided next to 
ymir shares note the price change t* 
or in pence, as published in Ural 
day’s Times. 

Alter Offing the price changes of 

your eight shares ror mat day. add up 
dghi snare changes to give you 


3 Times Portfolio ■ dividend’ will be 
Uie figure fn pence which represents 
the ooUmum movement hi prices fl.e. 
the Largest increase or lowest loss) of a 

combination of eight (two from each 

randomly distributed group wtlhln the 

44 snares) of the 44 snares wttdi on 

any one day c o mp r is e The Times 

Portfolio Ust 

The _ dally dividend wtn 

your overall total plus or minus (♦ or - 

Check your overall total i 


Tin*? Portfolio dlvtdenif puSnnea 
the Slock Exchange Prices page. 

H your overall local matches The 

Times Portfolio dividend you have 
wan outright or a share of the 

announced each day and the w eekly 

_ . total 

prize money stated for that day and 
must claim your prtae as Instructed 

dividend will be announced 
Saturday In The Times. 

6 Times Portfolio Hst and details. of 
Uie daily or weekly dividend will also 
be available ror Inspection al the 
Offices Of The Times. 

6 If the ov erall price movement of 
more than one combination of snares 
eaualB the dividend- Uie prize win be 
eoually divided among the claimants 
holding those cotnMnaaone of snares. 

Hew in play — 
Monday -Saturday 
Portfolio total. 

record your dally 

Add these logelhcr to u eiurw ifm 
your weekly Portfolio local. 

' dividend figure you I 

stated for that week. 

your prize as instructed below. 

7 An claims are subtecl to scrtBUny 
' ire payment. Any Times Portfolio 

before - — 

card that ts defaced, tampered with or 
Incorrectly printed in any way win be 
declared uM. 

B E mph i yee s of News international 
sk and its subsidiaries and of 

Euraprtnt Group Limited (producers 

and distributor* of Die card) or 

Telspfcoi The Ttm pprtfdte 

itee i 

Hp rititrm an be aooeptad MUIdt then 

are not allowed 

immecttaJe i 

i lo p&y 

9 AU parOctpancs win be subject to 
these Rules. AfTtasb 


Instructions on “how 

and “now to claim” whether- 

In The Times or in Times 

folio cards will be dee m ed to be 
part or these Rules. The Editor 
reserves the rtgbt to amend me Rules. 

to tat w depute Tho Editors 
decision a final and no eornes»n- 
dence wU be entered hit®. 

You must have your-rard with you 
when you telephone. 

If you are unable to t e lephone 
some on e else can claim on your ocaaif 

but they must nave your card and cau 

pie Times .portfolio claims Hite 
between the stipulated tunes: 

No mponstbUio* can be accepted 

ina omce 

for failure to contact me ctauns . . _ 
for any reason within me staled 

.The above instructions are 
ulkable to both daily and 
dividend claims. 

re ap- 

Li ghting -up tim* 

London 052 pm to 4.14 am 

Bristol lO.tMpm to 424am . 

Edtatnagh 1033 pm to 357 am 

Mwctori y 10.12 pm to 4-10 am 

1036 pm to 443 am 


Temoeraturas at mkUay yesterday: c, 

cloud: l. las; r. rain: a, sun. 

C F 

r1152 Guernsey 
r .1355 toremass 
c 1254 Jersey 
c 1851 London 
( 1763 Mtocbstor 
ell 52 WswrUla 

1 1457 IT n M i w y 

Letter from Moscow 


shows his truth 

Among the queues for 
which Moscow Is notorious., 
one of the longest and mosi 
persisreritin recent days has 
been found snaking ils way 
back from the .imposing 
portico of the Manezh, uie 
former tsarist, riding school 
in the sir Jow of the Krem- 
lin walls which is now the 
Soviet Union’s prestigious 
arid cave r no us cemral-exhi- 
bitioa hafl. 

In sweltering tempera- 
tures that have often soared 
into the duties Fahrenheit. 
Muscovites have been lining 
up in their thousands for the 
chance to see one of the most 
remarkable art exhibitions 
s tag ed in the capital — a one- 
man show of 600 exhibits by 
the country’s most popular 
painter, Ilya Glazunov, the 
one-time enfant terrible of 
the Soviet art world now 
favoured by many in the 
Kremlin hierachy. 

. Derided by the liberal 
intelligentsia as a poseur, an 
anti-semite and even a KGB 
agent. Mr Glazunov is equal- 
ly disliked by Moscow’s 
conservative artistic estab- 
lishment which has consis- 
tent!;? denied him mem- 
bership of the USSR Acad- 
emy of Arts because of bis 
stubborn refusal to bow to 
the dictates of “socialist 
realism". A shameless popu- 
list with a prodigious out- 
puL he shroff 1 on criticism 
and points to the crowds 
which gather without fail 
whenever his work is shown 
inside the Soviet Union. 

“The establishment accus- 
es me of preferring Russian 
mysticism to socialst real- 
ism. I am not against them, - 
they are against me," Mr 
Glazunov explained recently 
to a special audience of 
foreign diplomats whose in- 
vitation from the Ministry of 
Foreign Affiurs was further 
evidence of his favour 
among the ruling elite. 

For those brought op on 
the misc o nception that offi- 

cially approved art in the 
Soviet unit 

nion consists only 

of tractors and heroic por- 
traits of the toiling masses, 
the new exhibition — claim- be the largest one- man 
show staged in Moscow - 
may corneas something of a 
shock. - 

visitors ore confronted 
with an array of imaginative- 
ly hung paintings wfuch 
i delude Christ crying a tear 
of Mood, a toptess girl 
dressed only in a jnur of 
western jeans and ajpgsmic 
canvass entitled -“The Re- 
turn of the Prodigal Son" 
whose sy'mbolism is dear — 
the salvation of todays 
“prodigal Russia” lies in her 
retain to her historical cul- 
tural and spiritual roots 
buried in the past and de- 
picted bv such prtr-revaJu- 
tionarv figures as Peter the 
Great, Pushkin. Dostoy- 
evsky (the painter's mam 
source of inspiration) and 

Had (he Soviet press any- 
thing akin to the Western 
gossip columns, the worldly 
Glazunov (whose late wife 
was related to Peter Ustinov) 
would be one of their star 
names. Orphaned m the 
siege of Leningrad, at times 
boih a shepherd and a 
stevedore whose wife once 
sold her blood to buy hi m 
paints, be fust made his 
name during the turbulent 
Khruschev era when he was 
taken up by some of ..the 
Wesiem diplomatic commu- 
nity as a portrait painter. 

Since then, his 
have ranged from -- — . 
Loflobrigida to IndiraGhan- 
di and included the taie 
Leonid Brezhnev and even 
the late Mikhail Susfov, ibe 
bolder of the keys to party 
ideology for many years 
whose approval of the result 
was one reason for Glaz- 
unov's rise to the status of 
Kremlin “court painter? 

Curiously, he. remains 
both a darting of the interna- 
tional jet set (Baron Tbysstn 
has recently sent a request to 

the Ministry of Gillore that 
Mr Glazunov, aged 56. be 
allowed to travel to the West 
to paint his wife) and of the 
Kremlin hierachy under .its 
new leadership^. . 

“Mr Gorbachov said that 
artists should not tell half 
truths, but only the whole 
truth," Mr Glazunov told 
rae with a confident grin. 
“Thai has been my intention 
throughout my life." 

Christopher Walker 

3 - 4 rn 

H u ,\ 

fail ' ,h ; 


* , • .t. 
,15 • 

t > 


Anticyclone to N of Scot- 
land persists while gen- 
eral low pressure area to 
SW of UK will give rise to 
thundery troughs swing- 
ing towards southern and 
western regions from 

NOON TODAY flnm* b ikm la tnBBbon ItONR Worn* O^Mkd 


High Tides 


. Londoo Bridg* 358 
Aborttora ■ 234 

AvotimouBi 854 

BMtaat 12.01 
Canflff ~ &39 
Dovoaport 738 
Bower 1229 

Mnotlfll 738 

S3 334 63 
•42 3.11 43 

123 318.131 
35 1233. 3.4 
113 931 123 

52 831 . a* 

65 1244 65 

53 731 52 





43 221 43 

39 131 3-9 

ill ilsdia ■ if 





73 819 73 



9.1 735;. 03 



53 434 53 



931233 24 



23 1128 23 



4J 138 43 

lAuiuu linen 


63 812 7.1 



63 732 7.1 



08 743 48 



53 730 55 

OrallsnH . 


Z0 9.10 .23 



4J 1.11 >43 

tetatow-Noc fcoWue sky and douk c- 
‘ f-fte®: d-drbsde; li- 


mbow: Uv- 

ctoudy: <mw crease f-1 . 
hall: . m-mbt r-ndn: _ 
■hUDdarstomi: p-Aowers. 

Arrows show wind direction, wind 
speed (mp h) circled. Temperature 
CGfllV hljc. 


Tms 530 

Wltoo-ao-ttM 12-55 

Tide mg—rt to 

631256 6.1 
- 1231 .4.4 
S3 8.18 
£4 637 
43 124 




Around Britain 

hrs in 

ScKtaora . — 33 
BridBngtan 02 31 

O tosg ow 


Yesterday: Tame: 6 am to 6 

— m 6 pm to 6 am.1. 

19Q66T) ; imn 

Humdty. 8 pm. 62 per cent Rain: 24tarid 

8 pm. trace. Sun: 24 hr to 8 pm. 24 bra. 

Bar. mean sea level. 6 pm, 10145 
mlWtoars. rising/ 

Son Rato Max 
hra In C F 
Mraturti e 25 30 17 63 

Tenby 33 24 17 63 

CntirynBey 12 > IB 61 

Mofecembe 25 38 Iff 84 

Douglas 1.4 -35 13 SS 

dUB . . 



sh owers 




2A - 19 88- 

23 33 16 61 

^ 0.4 .11 IB BT 

CasdWlClrQ 13 20 17 63 

Anglesey 45 - 17 83 

ETpooIMpI 27 39 17 6S 

Hwcheetor 33 .17 18 84 

Notdngbam ZA .03 17 63 

Wtahv-TYne O.T 34 13 55 

Catfisle . 11.1 - 18 64 












17 63 showers 
14 57 ram 

EsfctMsnafr &8 - 
Prestwick 14J - 

Qtesgaw . 8L4 - 

"Ora* -165- — 
Stornoway 165 - 
Lerwick 43 - 

Wick ■ 83 - 

Krtom ‘ 163 — - 

Abentoen 127 - 

SLAlNbews 73 - 

Edtobergh 35 32 

BeBeat -1-5 38 

17 63 
2T 70 
17 83 
17 63 
17 83 

11 52 

12 54 


15 59 

13 55 

13 55 

bright - 




13 SS refer 

Thee* era Sunday's figures 


(72 F) -• n 


. , . ril Sum J 

maim sea level. 0 pm, 1 

l mMbare-29531rL 


pm to 6 am.10C ( 
59 per cent. Rain: 

G pm. ml Sum 24 hr to & pm. 8.6hr Bar. 

015.7 mWtws, 

Highest and lowest 

ggSig?* ,Hl»M irtxfc Awetnora, 

250770 : lowest day max: Tynemouth. 
11^520: highest raintaB: Plymouth. 1:45 
in: tnghast aunahina: Stornoway. 185 hr. 

26C . 

Head 1 

16.1 hr. 


max: St 


Mghost sunshine: 

MBOAY: e, doud; d, drizzle; f, fair; fg. tog; r^ rates, sun; si. snow; L Ehopder: 

C F- C F CF 'CP 

wrto 5 23 77 Cologne s 24 75 MMnrrs -a 2S 77 Rome » 25 77 

aM S 27 81 Cphagn s' 22 72 M^aga s 28 82 Satabon -f -26 79 

o'dria .1 27 81 Corfci s 28 82 a 27 81 SnS' % 21 70 

to" * 27 81 DitoHn f IB M MaWrae r 11 52 TIWiQn‘ C )2 Sf 

MRdkn s 23 73 DDfafSfolc 6 27 ffl MtotleeC SPeuto" a- 22 72 

tone-, s 27 81 Fare S 2170 Namf* » n «i 

hrato s 34 83 Etorence s.24 75 MHaa 

» 25 77 MonbeaT 

f 22 72 Moscow 

s 2ff 79 MunkA 

nr 24 75 NaksM 

& 37 99 Onto- • 

• 15 SB RrtS 
1 35 95 PeMqi 

. -J- 

*s ' 



...« 3 ‘' 
iff - 

c - 

3 T "■ 1 

•u»- >:• 

iS ?-«. • 


* s • :> r - • 


T ' - 2.- 

KSfc . 



3T? ; 

S. : 
<C£ y. 

I a- ... 

c , 

fiu- ■ 


e---. .. 

~ V ’T ■ 

• rj t 

r«*.. ' • 


r-.' : 

C 5 -’ 

n ewspapers OMrrED, 

. - Lemon Foot tPrirn- 
ers) umusd oi l Virginia Street.. 
London El 9XN. Monday. June — 

3 24 75 FunCbat 

3 27 Si Geneva 

1 27. 81 OBfeaBar 

S 21 70 Helwnla 
' ' HoogK 
s 22 72 knswek 

e 23 73 Msnbol 
10 14 G7 Jeddah-, 
s 25 77 Jetagr 
f 24 75 Karachi . w 
d 13 SS’LMmi s 22 72 

S 33 91 Lisbon- 

3 16 61>LeeflMfr t 

9 21 70 LAnoW , 

a 32 90 Inrarabfl • f y 26 79 RtodeJ 

e 15 69 
•* 27 81 

« » a 

t-Z1 TO 


London 81 9XN. Monday. June 2S - i.a rt* was. 

lpa^Bertgered waiStowerS Ctrt3WKh 4 14 57 Madrid - s' 22 72 Riyadh 
the Pest Office. ♦ 

* denotBp-Satuidm'a figures sra latest aMfiaUe 

1 37 86 Tenerife f « TO 
s SS 77 Tokyo -f 24 75 

* 24 75 Toronto* . * 3* TO 

e 19 06 Tdnra ' *■« £ 
(.22 72 VMeoCie 1.31 Bfi 
c 22 7Z VancVte- f 18«. 
C *17 ■83' V se i lc e ", % STST 
1 20 GB Vl«in .3-22 72 
c tfl'SOiWeraettr s£ ft « 
4 ^5. 77- WeshW * . 

* S-nWeMMs-.^-U-S 
■ ■391QZ Zurich s 

MONDAY JUNE 23 1986 




lows his^ 

lls trutj 



. «p 


l V 

■ v' ( >sv 3 

,‘r . " ! G 

■ ■ 

•••• ■. 


: "■■■•' .. NAi 

■■ : 

Fed rifts 


From Maxwell Newton 
New York 

•- mVk W£ 

■ r - 


, . r?N ; 

' H, 




.. ; rv - n - to* 

__ _ :• «n u 

,: T Plate • 

■ ■ ■i'w. fcj 

*’ 1,1 IflCSj 

• • ,u ' ! Pact; 
'. ‘ • to j«* 

•'*• ■#>. 


- .• li 



* r 

.. > 1 

: \ 

1 1 i'/ii Tides 

1 *«• 


-j'? 1 




lV .-^ 



. ,*** ' • 

Further erideoce of ecooom- 
. ic weakuws ia the US 
aremnatatittg at the same time 
as the Fi 

emerging as i t divided, nncer- 

In an extreme!; snasual 
move, the White House called 

fora reduction of interest rates 

last Thursday. Revised figures 

for the first-quarter real GNP 
showed a reduction In die 
animal growth rate from 3.7 
per cent at the first revision to 
2-9 per cent at the second. Yet 
this 23 per cent figure was 
boosted by a hnge rise in 
stocks at an animal rate of 
$ 353 . billion, far more than 
ttereggnemeatsof tlieg rowdi 
of industrial production 


"Vlu&j fc 


'• u. 

. cMsnmte spending. 

Hence, the second quarter is 
Kkely to come in at 1 pa* cent 
per annum grow th or leas, as 

inflated forecasts for business 

. fixed investment are struck 

down; along with big ideas 
about housing investment 
growth, itself undermined by a 
frdlin May starts to the lowest 
level since September 1985. 

Inside the Fed a battle is 
deatiy-beiug waged between 
Mr Pud .Voucher's allies and 
the “gang of four*' appointed 
by President Reagan. 

Mr Vokfcer Is mesmerized 
by Inflation and the terror of a 
ran on thedoOar, forcing him 
. to take abrupt defensive men* 
sores which, by raking inter- 
est rates, wiU precipitate a 
recession and even a BwnHal 
collapse in the US. 

. . Untfl now, the gang of four 
has been gfrmg' very broad 
hints of: another cat in the 
discount rate, bat on Than- 
■ day, Mr Wayne Aagell, lately 
an oatspoken critic of Mr 
Volcker, was obliged in a 
Washington Post interview to 
climb down, saying that this 
did not really mean a discount 
rate cat right bow. . 

. As 1985 was a year of low 
economic growth ~ 25 per 
Tent— today's capacity ufitiza- 
tion rate points directly to a 
farther collapse Of (ranness 
investment, after the animal 
~ wtedroPoflis tier cent in 

: 1 tettst;gnartor. ; - ■- 

' The Admiaistratfoa is 
contti^ u a ucaka dofln 
and- accelerated growth in 
Germany and ,jfep»n to. pull 
the country ant of iter slough. 

But tire Germans have made 
- it dear that they have no 
intention' of taking steps to 
accelerate growth, while re- 
ports from Tokyo state that 
the first-qnarter GNP in 
Japan wQl show a drop of 3J 
per cent at an annual rate. 

Thus, the Administration's 
■ may not work quickly 
to avoid a recession in 
1986-87. Sach a recession 
would unleash powerful nega- 
tive forces in the financial 

Earlier optimistic consefisas 

forecasts of a surge of growth 
In the second half of 1986 are 
being abandoned at speed. 

Personal income in the first 
five mouths of the year rose at 
one-half of the rate of the 1985 

Powerful new partner set to 
join C&W in cable venture 

By Teresa Pbole 

Cable and. . Wireless an- 
nounced yesterday that a pow- 
erful US telecom rmmicarions 
company is poised to become 
its Dew partner in a transatlan- 
tic optical-fibre venture. 

Nynex Corporation, the re- 
:D telepbon 

monal BeD telephone operator 
for New York and the north- 
eastern states — formed when 
AT&T was broken up in 1984 
— is set to buy out C&W’s 
existing partner. 

At the moment, the Installa- 
tion and operation of two 
submarine cables between 
Now York -and London is a 
jotnt'undertaking between Ca- 
ble and Wireless and Td- 
Optik. a US company formed 
specifically to participate in 
the project. 

Under the proposed terras, 
Nynex will this week pay S10 
million (£6.7 million) for an 

option on TeLOptik, which 

has a half share. The deal will 
go through.' with no further* 
payment, when approval has 

Sir Erie Sharp: building op 
a global fibrenoptic network 
been given by the regulatory 

It was always expected that 
Td-Optik would have to look 
for help in financing its half of 
the venture. The first cable is 
scheduled to be in service by 
mid-1989 at a cost of up to 
$400 million. The second will 
follow three years later. 

Mr Joe Crouch, C&WV 
marketing director who nego- 

tiated the Nynex deal, said: 
“We were very keen to seethe 
finance coming from a tele- 
communications organi- 
zation". He said Nynex was a 
company of “very consider- 
able muscle" with 11 million 
customers and annual revenue 
of $10 billion. 

Nynex was considered the 
most attractive partner be- 
cause its customers account 
for around 40 per cent of the 
transatlantic telecommunica- 
tions traffic. When the new 
link is operational the joint 
venture wiU sell or lease 
capacity on the cable to heavy 
private users, such as compa- 
nies and financial institutions, 
and to other telecommunica- 
tions carriers 

The private leased lines are 
expected to be particularly 
attractive to the business com- 
munities in New York and 
London which generate a high 
level of voice and data traffic; 
letters of intent from a num- 
ber of customers have already 
been received. Mercury Com- 

munications. C&Ws subsid- 
iary which is licensed to 
compete with British 
Telecom, will be responsible 
for the British end of the link. 

The deal is conditional on a 
waiver of the regulations gov- 
erning the seven regional US 
telecommunications compa- 
nies. These prohibit the re- 
gional Beil telephone 
companies from the owner- 
ship and operation of telecom- 
munications networks outside 
their own regions. 

The involvement of Nynex 
will bring considerable mar- 
keting strengths to the cable 
venture and is likely to cause 
concern to British Telecom- 
munications which faces se- 
vere price and volume 
competition on the lucrative 
transatlantic route. 

The London-New York ca- 
ble is just one of the measures 
befog taken by C&W under 
the chairmanship of Sir Eric 
Sharp to build up a fibre-optic 
network linking all the world's 
leading business centres. 

Industry price prospects 
brightest for 19 years 

By David Smith 
Economics Correspondent ? 

Fewer manufacturing com- 
panies. expect to raise prices 
than at any time for 19 years, 
according to the Confedera- 
tion of British Industry's June 
Monthly Trends Enquiry, pub- 
lished today. • 

This represents a consider- 
able boost for the Govern- 
ment's inflation hopes. Com- 
panies' reluctance to raise 
prices can be explained large- 
ly, however, by the depressed 
state of Older books. 

Mr David WiggJesworth, 
chairman of the CBTs eco- 
nomic situation committee, 
said British manufacturers 
were feeing intense competi- 
tion in .both home and export 
markets and had suffered a 
decline in export orders over 
the past mooth- 
“The survey indicates that 
demand' has not improved 
significantly from the rather. * 
flftt’dnd patchy situation We 
experienced in the first quar- 
ter of (he year,” hesaid.“The 
proportion of firms' regarding 
their stocks of finished goods 
as more than ; adequate is the 
highest ~ since November 
1982." : " , 

The London Business 
School, in its Economic Out- 
look . also published today, 
predicts that inflation will 
remain below 3 percent in the 
medium term. Consumer 
price inflation, a wider mea- 
sure than retail price inflation, 
will average 4.9 per cent this 
year, the LBS says, declining 

The Chancellor of the Ex- 
chequer, Mr Nigel Lawson, 
conceded on Friday that 
growth in the economy will be 
slower this year than foe 3 per 
cent forecast in the March 
Budget fort that . inflation 
should he below the predic- 
tion of 3.5 per cent for the 
fourth quarter of the year. 

The.Treasniy now expects 
growth of around 2J percent. 

in spite of relatively - strong 

first-quarter gross domestic 
product figures, and inflation 
of 3 per cent at the end of the 

to 3.2 per cent in 1987. 

The CBI survey shows that 
only 15 per cent of the 1,761 
companies who took part 
expect to raise their prices 
over the next four months, 
with 9 per cent expecting to 
reduce prices and the major- 
ity; 76 per cent expecting to 
leave them unchanged. 

The 6 per cent difference 
between those expecting to 
raise prices and those expect- 
ing to reduce prices is the 
lowest since the monthly sur- 
vey began in 1975, and the 
lowest result in a quarterly 
survey since June 1967. 

Order books are weak, with 
only IT per cent regarding 
them as above nordtaL The 
difference between companies 
with order bocks above nor- 
mal and those with order 
books below normal, - 21 per 
cent, was worse than the - 16 
per cent recorded in May. 

with 1984) 
fact, combined with a 
50 per cent fell m the rate of 
growth of consnmer debt in 
AprU-May (compared with the 

1984-85 average) is indicative 
of the central problem — 
growth in the last six years has 
been fedbyahngpdetefaedld- 
np which is now becoming too 
heavy for the borrowers to 

Zambia ‘backs 
Lonrho action’ 

Lonrbo’s $15 Ruffian legal 
action in Beaver, Colorado, Is 
being Hudertaken with the full 
backing of foe Zambian Gov- 
ernment, foe company said 
yesterday. The action, against 
Mr' Dan Mayers and his 
Crystals company, is over a 
claim arising from amethyst 
mining hi Zambia. Mr Roland 
“Tiny” Rowland » to gwe 
evidence this week supporting 
Lonrbo’s claim. 

Lloyds to lift Standard bid 

By Onr City Staff 

Lloyds Bank is set to raise 
hs £1,168 million bid for 
Standard Chartered this week. 
But the new bid will leave, the 
Lloyds offer well below a level 
which foe Standard Chartered 
beard regards as adequate. 

Standard Chartered's sec- 
ond defence document in the 
bid battle, sent out to share- 
holders over foe weekend, 
described the existing offer of 
7S0p a share by Lloyds as 
misconceived and “a gross 

. . Lloyds could sell off Union 
Bancorp, . Standard 
Chartered’s Californian sub- 
sidiary, Stanbic of South Afri- 
ca, the Sishopsgate head 
' offices, foe Standard Char- 
tered merchant bank, Char- 
; tered Trust and foe Mocatta 
companies, and raise afl but 
£35 million of the £1,168 
million bid, the document 

This would mean that 
Lloyds was obtaining for £35 
million the rest of Standard 

Chartered's assets, which have 
a book value of £328 million. 
On this basis, according to the 
defence document, a more 
realistic bid would be £1,461 
million, or 939p a share. 

• There are serious ques- 
tions about the financial suc- 
cess of Woolworth’s 
Operation Focus scheme, and 
thus about the profit forecast 
this year, Dixons said yester- 

Derishm time nears, page 27 

Privatized shipyard to 
seek share fisting 

By Onr City Staff 

Vickers Shipbuilding and 
Engineering Limited, the new- 

ly privatized shipyard which 

the Trident subma- 
rines/is to seek a stock market . 
listing in foe second half of 

The listing, by way of an 
introduction, follows the suc- 
cessful employee-led buyout 
this year in which 82 per cent 
of the 14,000 workforce pur- . 
chased shares. No new money 
will be raised. - 

. Dr Rodney Leach, chief- 
executive and managing direc- 
tor of VSEUsaid the introduc- 
tion had been brought forward 
from September in order to 
create a proper marker in foe 
shares. .. 

Since the buyout, a private 

market has been offered by 
Hoare Govett, the stockbro- 
ker. This has been used only 
once, ' by an institutional 
shareholder who sold some 
shares at a small premium to 
the original lOOp share price. 

There has also been some 
unofficial trading in foe 
shares. Prices ofbetween J20p 
and 200p have been reported. 

Yesterday, the company un- 
veiled its new 155mm self- 
propelled howitzer gun at foe 
British Army- Equipment Ex- 
hibition at Aldershot. The 
AS90 has been developed in 
association with Verolme 
Estaleiros Ruenidos do Brasil 
and foe Cummins Engine 
Company of the US. 

500p price 
on Morgan 

By Onr City Staff 

Analysts are predicting a 
striking price of up to SOOp for 
shares in Morgan Grenfell, 
the merchant banking fins 
which is coming to the stock 
market by way of a tender 
offer. Tim prospectus is pub- 
lished on pages 29 to 35 of The 
Times today. 

This compares with a mini- 
mum tender price of 425p 
which capitalizes the company 
at £640 millkm. 

The offer is raising a mini- 
mom of £131 million for the 
company, much of which will 
be spent on the group's securi- 
ties business in preparation for 

Application lists open on 

Analysis, page 26 

Clash fear 
over BES 
funds curb 

By Lawrence Lever 

Provisions in foe Financial 
Services Bill which effectively 
prevent Business Expansion 
Scheme Funds from advertis- 
ing are threatening to start a 
dispute between the Treasury 
and foe Department of Trade 
and Industry. 

The provisions run counter 
to amendments to foe Busi- 
ness Expansion Scheme an- 
nounced by the Chancellor of 
foe Exchequer, Mr Nigel 
Lawson, in his Budget speech. 
A delegation of BES fond 
manager s has already made 
representations to DTI offi- 
cials asking for an amendment 
to foe Bill to be introduced in 
the House of Lords reversing 
foe ban on advertising. 

The Business Expansion 
Scheme was introduced by the 
Government in 1983, to stim- 
ulate investment in unquoted 
companies through giving in- 
dividuals tax relief on invest- 
ments of up to £40,000 in 
certain qualifying companies. 

A spokesman for the DTI 
said on Friday that foe depart- 
ment was considering the 
position of BES funds. He 
added that any amendment to 
the Bill would take the form of 
creating a third category for 
BES funds, after authorized 
unit trusts and recognized 
collective investment 
schemes, both of which under 
foe terms of the Bill can 

The DTI is, however, “still 
very concerned about the 
investor protection 
implications” of such an 

The issue is likely to attract 
the attention of the Treasury, 
particularly as Mr Lawson 
highlighted foe BES in bis 
Budget speech describing the 
scheme, which foe Treasury 
pioneered, as “an outstanding 

Executive Editor Kenneth Fleet 

Storm forecast for 
sterling M3 target 

The transformation of the annual 
monetary target from Big Brother to 
Aunt Sally is enough to make a cat 
laugh. The Chancellor's worst enemy 
could hardly have dared to hope that 
the resurrection of a sterling M3 target 
would be greeted by an acceleration in 
its growth, over the past three months, 
to an annual rate of 39 per cent. Yet 
even those happy to believe this 
debacle has finally condemned 
monetarism to death by ridicule must 
admit to a sneaking worry. Is not the 
surge in monetary growth rather 

To judge by the kind of forecasts 
pumping out of officialdom and the 
best private institutes, the answer is a 
resounding no. Their projections 
show no corresponding surge in 
inflation. The London Business 
School, whose summer forecast is 
published today, presents a particu- 
larly pretty picture: growth and infla- 
tion both level pegging next year at 
just over 3 per cent each, with the rate 
of inflation actually falling behind the 
rate of growth in 1988. 

That is, the “velocity” with which 
money passed from hand to hand, 
servicing those transactions which 
make up national income, had been 
in creasing- The pattern seemed clear 
enough to base monetary targets on it 
with some confidence. Instead, from 
the time medium-term targets were 
set in 1980, velocity fell. 

Looking back, the Government has 
achieved a far more rapid slowdown 
in money gdp and inflation than the 
rate of monetary growth had seemed 
to imply. The question is whether we 
now have any idea what a given rate of 
growth in broad money implies for the 

The Treasury, in a recent Economic 
Progress Report, sought to list all the 
special factors that might have 
changed the demand for money. This 
made quite a good list of excuses — 
such as financial innovation, or the 
spread of interest-bearing bank ac- 
counts — but it did not help much with 
the problem of accurate prediction. 

The Chancellor, who has now 
formally warned us that the economy 
is not growing as fast as he forecast at 
Budget time, certainly does not seem 
to think it is overheating. The LBS, 
which now thinks we shaU see only 2 
per cent growth this year, is equally 
subdued. Yet monetarist true believ- 
ers, as well as the bulk of politicians 
and economists in Britain who have 
all subscribed to the suitably Anglican 
faith of 'practical monetarism’ — a 
general understanding that 'money 
matters’ — must feel uneasy. How can 
the broad money supply grow roughly 
ten times as fast as real output without 
storing up inflationary trouble for the 

The LBS has made a brave stab at 
the job. It presents a paradox. Falling 
inflation requires a slowdown in the 
rate of monetary growth. On the other 
hand, when inflation falls, it becomes 
less disadvantageous to hold money 
as opposed to various assets which act 
as a hedge against rising prices. The 
demand for money, at any level of 
nominal income, will rise. While this 
“stock adjustment” is going on, 
monetary growth can be quite rapid 
without presaging inflation. 

Of course, that 39 per cent three- 
month calculation puts the worst 
possible interpretation on the sterling 

M3 figures. Today’s Monetary Bul- 
letin froi 

m Green well Montagu, the 
stockbroker which has established an 
expertise in sophisticated adjust- 
ments, puts the trend increase at 
about 17 per cent Nevertheless, this 
figure — along with those for other 
broad monetary definitions — is above 
the Chancellor's 11 to 15 per cent 
target, itself set deliberately loose on 
Budget day. 

The LBS has calculated the kind of 
combination that is permissible in 
today's circumstances, building in 
changes in inflation, interest rates and 
the differential between interest rates 
on those assets classed as “money” 
and those which are not. It concludes 
that the Government's target for this 
year is fine, and indeed that growth of 
over 16 per cent in sterling M3 next 
year would be equally fine. After that, 
however — assuming inflation sta- 
bilizes at about 3 per cent — broad 
money growth should be cut back to 
under 6 per cent, because the “stock 
adjustment” would be- over. 

Broad money targets (which the 
Bank of England began to set in- 
ternally back in the early 1 970s) were 
based on the view that the rate at 
which the amount of money in the 
economy grew bore a relationship to 
the growth of nominal national in- 
come, or “money gdp”. If the demand 

for money were stable, then the supply 


That is all quite consoling for the 
present — providing the Chancellor is 
lucky, and the immediate surge in 
sterling M3 subsides a little. But it is 
difficult to think a policy which said 
that broad money should be let rip 
now and then sharply cut back would 
be credible as a stabilizing influence 
on the economy, or that the state of 
knowledge would really enable us to 
say with confidence when that sharp 
change should take place. 

of it would have predictable 
The chain of counter-inflationary 
policy still had to cope with the 
question of how money supply could 
be controlled, at one end; and how the 
growth of money gdp would split 
between inflation and output, at the 
other. But this link between money 
and money gdp was critical; and 
economic history has neatly dem- 
onstrated that the first had been 
growing more slowly than the second 
during postwar history. 

The LBS analysis further confirms 
the view that broad money growth 
needs to be forecast and monitored, 
like a weather forecast; but that trying 
to enforce broad money targets in 
today's fluctuating financial circum- 
stances is about as sensible as target- 
ing the outdoor temperature for 
London in June. 

Sarah Hogg 

Economics Editor 

Bremner chief prepares 
for boardroom battle 

By Cliff Feltham 

Mr James Rowlaud-Jones. 
chairman of Bremner, the 
Glasgow store business, will 
this week urge shareholders to 
resist a move to have him 
unseated at the company's 
annual meeting next month. 

He will fire another verbal 
broadside at his predecessor. 
Mr Michael Black and dispute 
claims that some of the major 
shareholders are unhappy 
with foe way he has been 
running the company. 

The controversy began 
when Mr Rowland-Jones 
wrote to shareholders claim- 
ing that a loss of £! million by 
Bremner was due to foe 
activities - of Mr Black and a 
boardroom colleague, Mr Lio- 
nel Casper. 

He claimed that he forced 
them to resign after examining 
foe company's finances, and 
its abortive moves into ven- 
tures such as hot air balloons, 
banking, picture framing, 
pickles and crisps. 

The allegations last week 
week, prompted Mr Black to 
launch a counter-claim. He 
said that when he joined 
Bremner in April 1 985 “it was 
an out-of-date, loss-making 
department store.’’ 

“Mr Rowland-Jones carried 
out his boardroom coup, hav- 
ing wailed for all foe agreed 
rationalization plans and 
work of the last year to have 
been completed. The store 
employs only 14 people and 
the company is asset rich, its 
losses completely behind it. 


TODAY - Interims: Buros- 
Anderson, Greenwich Cable 
Communications, 'Northern 
Industrial Improvement 
Trust Finals Avana Group. 
Brown & Tawse, James Crop- 
per. First Security Group. 
FKB Group- Illingworth Mor- 
ris, London In vesmtent Trust 
Plantation Trust (expected 
June 24), Racai Electronics, 
Volex Group, Whitecroft. 
TOMORROW - Interims: 
KLP Group, LPA Industries, 
Nash Industries. ' finals: Ar-. 
gyll Group,' Ariel Industries, 
BrookmoutifChannel Tunnel . 
Investments, Fairbaim. Habit 
Precision . Engineering. 
Halma, Hambros, Health 
Care Services, Imperial Conti- 
nental Gas Association , 
Mansfield Brewery. 
Rdthmans International. 
Win trust. . . 

WEDNESDAY — Interims: 
AG Bar^ Charles. Baynes. . 
Hkiridge. Pope; Hardys & 
Hansons. Morocan. Holdings. 

Newman Tonks . Group. 
Finals: Anderson Strathclyde, 
BPB ; Industries, Brown & 
Jackson (amended). Cable and 
Wireless, Charter Consolidat- 
ed. ERF (Holdings), Greycoat, 
Howard and Wyndham, MK 

THURSDAY - Interims 
Adam Leisure Group, 
Bankers' InvestmenL Trust, 
Belt Brothers, Chequing. 

Speyhawk, Superdrug (first 
unark Corpc 

quarter). Torchmark Corpora- 
tion. Finals: - BTP. 
Burtonwood . Brewery, 
Centro vincial Estates. CH 
Industrial^ Hargreaves 
Group, KewiQSystems. James 
Latham, Stonehill . Holdings. 
Walker &■ Staff: Holdings, 

FRIDAY - Interims: Clyde 
Blowers. Finals: .Anchor Inter- 
national. Fund.. Bermuda ln- 
. ler national Bpnd .Fund 
(dividend), Marsion, Thomp- 
son & Evershed, John Michael 

Opec to renew attack on UK 

By David Young, Energy Correspondent 

The Organization of Petro- 
leum Exporting Countries 
(Opec) will start its meeting in 
Yagoskvia * on Wednesday 
with r renewed attack on 
Britain's policy of refusing to 
co-operate m cutting North 
Sea oil production. 

Opec wants the tins to help 
bring world oil supply more hi 
line with demand and said 
prices upwards. 

. Mr Aiick Buchanan-Sarith, 
Britain’s Energy Minister, has 
refused persistent requests 
from indiVidual Opec tel min- 
isters to have Britain officially 
represented at foe meeting. 

Pressure on Britain to co- 
operate has increased since 
foe - new Norwegian Govern- 
ment mud it wfll be represent- 
ed and is prepared to offer co- 
operation «m output cats. 

Britain's policy remains un- 
changed. The Department of 

Energy says ofl production 
limits for the North Sea are a 
matter for the operating oO 
com pares. 

While MrJBachanafrSmifo 
has been iu his Aberdeenshire 
constituency over the weekend 
disrassiBg the effect foe lower 
ofl price Is haring on the local 
economy, Opec ministets have 
been travelling to Brioni, in 
the Adriatic, for a full ministe- 
rial meeting at which they 
hope to form dale a new output 
quota agreem e nt 

The opening statement is 
expected to repeat Opec's 
attacks on Britain for increas- 
ing its share of world oil 

Central to the proposals 
wfaid) have so far been submit- 
ted is a degree of co-operation 
from the : non-Opec oil 

It appears that Mexico. 

although mider strong pres- 
sure from the IMF to boost 
exports to earn foreign reve- 
nue, has indicated it will cm 
output So have Egypt, Ango- 
la, Oman, Malaysia, Brunei 
and now Norway. 

A firm agreement emerging 
from foe meeting could send 
world oil prices back up, 
possibly towards the 518 a 
barrel mark, hot continued 
differences within Opec be- 
tween bail and Libra and the 
more conservative Gulf states 
such as Saudi Arabia and 
Kuwait coaid mean that any 
agreement wfll not receive 
unanimous support. Prices 
could then continue to lan- 
guish at under 512. . 

After Norway's decision on 
co-operation Opec's president, 
the Venezuelan oil minister 
Sefior Arturo GrisantL Said: 

“Any price recovery riD be 
gradnal and depend not only 
on Opec's ability to comply 
with its derisions but also on 
co-operation with non-Opec 

However, the broker James 
Capri suggests that the Opec 
meeting in Yugoslavia wfll end 

It says “The short term 
outlook is therefore uninspir- 
ing at best. The recent period 
looks rather like antunn 1985 
when prices rose for about 
three months on the basis of 
what tamed out to be a totally 
unnecessary stock btrild. 

“The consequences are un- 
likely to be so dramatic on this 
occasion but we do expect 
further short-term weakness 
and would not be surprised to 
see prices at the bottom of oar 
anticipated Slffto S18 a barrel 

23RD JUNE 1986. 


The Bank of England announces that Har Majesty's Treasury has created on 
20th June 1988, and has issued to the Bank, additional amounts as indicated 
of each of the Stocks listed betowr 

£150m»ffion 10 per cent TREASURY CONVERTIBLE STOCK. 1990 
9 per cent TREASURY LOAN. 1 994 
93 per cent EXCHEQUER STOCK. 1998 
9j per cent TREASURY STOCK. 2002 
The price paid by the Bank on issue was in each case the middle market 
closing price of the relevant Stock on 20th June 1986 as certified by the 
Government Broker. 

£150 million 
£160 million 
£150 million 

In each case, the amount issued on 20tf> June 19SG represents a fun her 
tranche of the relevant Stock, tankmg <n at respects pan passu with that 
Stock end subject to the terms and conditions applicable to that Stock, and 
subject also to the provision contained m the final paragraph of tftts notice; 
the current provisions for Capital Gains Tax are described below 

Copies of the prospectuses for the Stocks listed above, dated 13th January 
19B4. 14th January 1971, 3rd February 13B4 and 12th August 1995 
respectively; may be obtained at the Bank of England. New Issues. VUatling 
Street, London. EWM 9AA. 

Application has been made to the Council of The Stock Exchange tor each 
further tranche of Stock ro be admitted to the Official List. 

The Stocks are repayable at par. and interest is payable half-yearly, on the 
da te s shown below: 

Sect Matp/uitau 

10 per cent TiwaayComfltfcSmk. 1990 BftOBQbe 1930 

turns psymott (tags 
25th Apri 
25th October 

SpBcaukasaryUan, 199* 

9| ps cent Enhequer Stock. 1998 
91 pcs cm Tnasuy Sock, 2002 

ItaJauy 1998 
27 th 2002 

17th Mar 

19th July 
2Tth Febeuary 
27lh August 

The further tranches of 10 per cent Treasury Convertible Stock, 1990 and 9 
percent Treasury Loan. 1994 and 93 per cent Treasury Stock. 2002 w* ranJr 
for a full sm months* interest on 25th October 1986. 1 7ih November 1986 
and 27ih August 1986 respectively. The further tranche of per cent 
Exchequer Stock, 1998 has been issued on an to-dwidend basts and wnfl not 
rank for the interest payment due on 19th July 1986 on rhe existing Stock. 

Each of the Stocks referred to ei this nonce is specified under paragraph 1 
of Schedule 2 to the Capital Gains Tax Act 1979 as a gift -edged security 
{undercurrent legislation exempt tram tax on Capital gams on disposals made 
on or after 2nd July 1986. nespeciive of the period for wheh the security 

Government statement 

Attention <s drawn to the statement issued by Her Maiesty's Treasury on 
29th May 1905 which enplaned that, m the interest of the orderly conduct 
of fiscal policy, rentier Her Majesty's Government nor the Bank of England 
or ihek respective servants or agents undertake lo disclose tax changes 
decided on but not yat announced, even where they may speoficaly affect 
the terms on which, or the contfuofts under which, these further tranches of 
stock are issued or sold by or on behalf of the Government or the Bank, that 
no responsJbiliTy can therefore be accepted for any omission to make such 
dt&doaiuB; and that such omission shall neither raider ary transaction 
to be set aside nor gwe rise to any claim for compensation. 



20th June 1958 


. . , .-..A. -v .. 



Morgan Grenfell back in the race 

If Morgan Grenfell was slow 
out of the stalls in the race for 
survival after the City's bis 
bang, it is now galloping to 
make up ground like the true 
thoroughbred it is. 

Going public will give it 
access to die capital necessary 
for market making and expan- 
sion. But this is only one 
manifestation of its prepara- 
tions for the deregulated mar- 
kets of tomorrow. 

Internally, the process of 
adaptation and change has 
already begun. 

It is adding to its three main 
revenue earners — corporate 
finance, banking and invest- 
ment management - a fourth. 
Morgan Grenfell Securities. 
MG Securities wiD be the 
investment banking arm 
based on a specialist gilts 
stockbroker. Pember & Boyle, 
and the stockjobber Pinchin 
Denny, both of which were 
acquired for a total of £31 
million in I9S5. 

But, having failed to buy a 
big equities brokerage house. 
MG Securities is starting vir- 
tually from scratch to build up 
an equity operation to em- 
brace research, sales, execu- 
tion and settlement 

Mr John Holmes, joint 
managing director of MG 
Securities, said: “It took 
Wood Mackenzie 18 years to 
achieve a 5 or 6 per cent 
market share, something we 
aim to do in two years". 

The big difference is the 
deregulation of British securi- 
ties markets. After big bang, 
on October 27, the heavily 
protected environment of 




1981 ^ffiS SS& 


■■npTi ■ ■ 
■ ■■■ 

$£44 %■& 

— I Fund 
85 6 hSlPiw 0 I management 

fixed commissions will 

Buying an equity broker is 
□ot necessarily a guarantee of 
success. Many of the new 
financial combines have suf- 
fered defections of valuable 
teams. But reputations in 
research and distribution are 
neither made nor lost 

Even in deregulated mar- 
kets, MG Securities will have 
an uphill task to break into the 
weU-estabhsbed relationships 

The table below shows the 
prospective multiples of Mor- 
gan Grenfell's shares at a 
range of prices, assuming an 
earnings forecast of SOp per 
share for the fall year to 
December 31, 1986. At the 
minimum tender price of 425p, 
the prospective multiple is 8.5. 

For the purposes of compar- 
ison. Kleinwort Benson proba- 
bly comes closest in toms of 

~ ” Jung 86 I 

between the institutions and 
the broking fraternity. 

Judging by the changing 
mix of Morgan's revenue, 
shown in the chart, it is 
apparent that corporate fi- 
nance has become increasing- 
ly important at a time when 
conventional banking margins 
have been squeezed. 

Underwriting, the directors 
admit, is an important part of 
the business. And while prof' 
its have been significantly 
enhanced by fees for advice to 

size and range of activities. 
Comparisons are distorted, 
however, by transfers to hid- 
den reserves. 

At the latest price of 810m 
EMuwort shares are on a 
prospective multiple of about 
10. No one can be sure about 
the size of bidden reserves, tat 
Qemworfs coaid amount to 
20 per cent If so, the multiple 
drops to 8 J. 

- finance 

corporate dienzs, underwrit- 
ing fees generated by cash 
alternatives are at least as 

Morgan is at pains to point 
out the risks of underwriting. 
The £650 million merchant 
bank will take on the whole 
rids of the cash alternative of a 
£1.6 billion bid for the few 
hours it takes to have the bid 

But even a tiny percentage 
of the value of a mega-bid can 
be worth millions of pounds in. 

Morgan has no transfers to 
hidden reserves so at the 
mi nim um tender price its 
shares appear to be at a small 
premium of 2 per emi t . 

profits to the bank. And every 
time the client increases bis 
bid, the underwriting fee is 
charged all over again. 

So ter in 1986, the group has 
been involved in two such 
takeovers with an aggregate 
value of £4.8 billion. There 
were Guinness’s bid for Dis- 
tillers and United Biscuits’ bid 
for Imperial. All parts of the 
business are doing welL But 
the leap in profits to £48 
million forecast by the direc-. 
tors for the first half of 1986, 
compared with £69 million for 
the whole of 1985, must in no 
small measure be due to these 

But even in the absence of 
more big deals, Mr David j 
Poutney, analyst at the stock- 
broker Green well Montagu, 
reckons that the full-year pre- 
tax profit will be 38 per cent 
ahead of last year at £95 
million. The underlying profit i 
on ordinary activities may foil : 
from £48 million in the first : 
half to £38 million in the ; 
second, but interest income on 
the proceeds of the issue and ; 
rash flows from the first half : 
could be worth another £9 ! 
million or so. 

Thereafter, it is the unchart- ; 
ed oceans of deregulated mar- 
kets, a totally different 
environment As one director 
put it in connection with the ; 
fixed-interest market — but it 
applies equally across the 
board: “We're in the dying 
throes of the old market, we 
can’t extrapolate forward". 

Carol Ferguson , 

An Italian bank 
to be found 
the world over 

... Aj ; 


Wv_- .• 

SECTIONS AS AT 31-12-1985 


TOTAL RESOURCES 92,250 ( + 8%), NET WORTH 2,731 ( + 33%), 



GROSS SURPLUS 775 ( + 29%), NET PROFIT 241 ( + 61%). 


likelihood that _ 

EMS would of itself lead to a 
real . improvement in the 
working of ouf labour market, 
then such a move would 
deserve full support. Alas, I 
am pessimistic whether the act. 

ofjoining the EMS would lead 
to British wage bargainers, on 
either side of the table, behav- 
ing like their German, let 
alone their Japanese, 

Accordingly entry* into the 
EMS or, to be more pedantic, 
into the Exchange Rate 
Mechansun (ERM) of the 
EMS (because the United. 
Kingdom is already partici- 
pating as a member in the 
EMS with respect to its o ther, 
minor technical, features), has 
to be analysed in terms of the 
effect on countries, with dif- 
fering underlying propensities 
to wage inflatio n, of joining a 
pegged, but adjustable, ex- 
change rate system. 

A particular problem in this 
respect is that it can be shown 
that joining such a system, of 
temporarily pegged, bnt ad- 
justable, exchange rates will 
considerably exacerbate -the 
volatility of domestic interest 
rates, unless that volatility is 
artifieally reduced by resort to 
exchange controls, as has been 

Joining the system 
would exacerbate 
the volatility 
of domestic rates 

the case with France and Italy 
in the EMS to date. 

The analysis goes broadly as 
follows. Assume that two 
countries are floating freely 
against each other, but that 
one country has a rate of 
monetary growth, and of infla- 
tion, which is about 5 per cent 
greater than the other. 

In general the country with 
5 per cent greater inflation wfll 

have nominal interest rates 5 
per cent greater than the low- 
inflation country, which will 
be exactly offset in the foreign 
exchange market by an expect- 
ed depreciation in the future 
spot market, leading to the 
forward and futures rales in 
that bilateral exchange, rate 
indicating an expected depre- 
ciation of 5 per cent peryear in 
the foster-inflation country. 

It is true, though, that 
shocks can cause considerably 
greater (or smaller) diver- 
gences in interest rates and 
forward exchange rates to hold 
for some time than would 
seem appropriate given the 
underlying difference in (ex- 
pected) inflation rates. 

Next, assume that the two 
countries join a pe gg ed, but 
adjustable, exchange rate sys- 
tem. Initially, the authorities 
in the more inflationary coun- 
try win be determined to hold 
the pegged exchange rate, 
despite a greater rate of growth 
of unit labour costs, for some 
considerable length of time. 

If the market is confident, 
for example, that the authori- 
ties would strive to resist any 
realignment for at least one 
year, . then arbitrage would 
ensure that the shorter-term 
interest rates up to one year in 
the low and high inflationary 
countries tended rewards 
equality, subject to the room 


ABN : 10.00% 

Adam & Company 1100% 

BCC1 10.00% 


Continental Trust 1000% 

Co-operative Bank 1000% 

C. Hoare & Co 10.00% 

Hong Kong & Shanghai —.10.00% 

Lloyds Bank 10.00% 

Nat Westminster 1000% 

Royal Bank of Scotland 1000% 

TSB 10DQ% 

Citibank NA 10.00% 

f Monroe Base Bits. 


the London School of 
Economics and P ol itica l 

for manoeuvre left by the 
margin between intervention 

Under those circumstances, 
there would be some tendency 
for interest rates in the low- 
in flation country to rise , ami 
for interest rates m the high- 
inflation country to foil 

As Alan Walters has shown 
in his recent book, Britain's 
Economic Renaissance, the 
initial effect of this would be 
to pul further downward pres- 
sure on nominal incomes, 
activity and inflation in the 
low- infla tion country, _ buz 
would give an undesirable 
further expansionary, up- 
wards impe tus to monetary 
expansion, output and infla- 
tion in the high-inflation 
country- • _ „ 

Thus, the initial effect of 
forcing the exchange rate into 
a pegged form over the inter- 
val during which that peg was 
thought certain to be main- 
tamed would be to force 
interest rates, and forward 
exchange rates, away from 
those levels that would give 
appropriate signals in re- 
sponse to underlying develop- 
ments in monetary growth 
and labour markets. 

Consider next, however, 
what happens when the mar- 
ket begins to reconsider seri- 
ously whether the authorities 
can afford to continue to 
maintain the peg, given the 
underlying differences in in- 
flationary pressures and wage . 

Unless the very act of 
joining an exchange-rate sys- 
tem should of itself lead to a 
marked* underlying conver- 
gence in the growth of unit 
labour costs, the existence of a 
pegged exchange rate will lead 
to the more inflationary part- 
ners becoming increasingly 
uncompetitive; while the low- 
mflation countries within the 
system will gain the benefit of 
greater competitiveness for 
their export industries. . 

■ Anyhow, m due course, the 
pressures of maintaining the 
peg despite differential infla- 
tionary prospects will become 
increasingly hard to sustain^ 
But, once the market believes 
that there is a significant 
probability of a short-term 
exchange rate adjustment, 
then the interest rate premium 
in the more inflationary coun- 
try, which would be a candi- 
date for devaluation, would 
have to be extremely large, m 
a system without exchange 
controls,’ in order to prevent 
huge capital flows forcing an 
early, perhaps premature, 

So, were the United King- 
dom rejoin the EMS, given its 
present devotion to nee capi- 
tal markets without exchange 
controls, there would be a 
considerable additional 
source of volatility to domes- 
tic interest rates. 

First, whenever the market 
was confident that the ex- 
change rate peg would be held, 
interest rates in the United 
Kingdom would, be forced 

CM HU* — - — - : — TV 

considerably above the equj- 
fibritiin level This would be 
needed to effect the advantage 
of shifting foods to some 
probably appreciating .cura- 
cy, in order to benefit from 
t&. perhaps sizeaWe, prospec- 
tive step-change in exchange 

Eniry into a system of 
pegged, but adjustable, ex- 
change rates, without the sup- 
port of exchange, controls, 
would introduce cons i de ra ble 
farther volatility into such 
interest rates. Current ly th e 
shocks from various sources 
have their impact distri buted 
between domestic interest 
rates on the one hand and 
exchange rates on the other. la 
future, the effect of these 
shocks is fikdy to be concen- 
trated even more strongly on 
domestic interest rates. . 

Support for entry info the 
EMS now appears jo be 
growing. As for as the effect cm 
ihe economy more generally is 
concerned, I find it difficult to 
believe that a .system which 
Combines considerably iftorc 
volatile domestic i nterest 
rates, with occasional sharp, 
changes in relative exchange 
pure, would be more desirable 

Enthusiasm for 
the mechanism 
needs careful 

than pur present arrange- 
ments, let alone a panacea. 

As for as the particular 
interests of financial institu- 
tions in the City are con- 
cerned. however, the 
implications are more mixed. 
On the one hand, the greater 
volatility of domestic interest 
rates would raise risks for a0 
those involved in financial 
markets. On the other hand, 
the greater volatility would 
increase the opportunities for 
profit. Furthermore, the vola- 
tility of interest raxes would 
largely be signalled by devel- 
opments in the balance of 
payments and on the foreign 
exchange market. 

Because of the political 
dimension that would now be 
added into the determination 
of exchange rates, the likeli- 
hood of the politicians being 
under pressure to adjust the 
exchange rate is often obvious 
quite long before the event 

Under those circumstances 
the future direction of in terest 
rates could often be more 
easily judged, because The 
authorities, notably the unfor- 
tunate Bank of England, 
would then be forced into an, 
often untenable posture which 
would allow fost-moving City 
operators to take considerable 
profits at the ultimate expense 
of the taxpayer by operating 
against the authority's posi- 
tion, since the latter would 
obviously be constrained in 
advance by the political 

My conclusion is that much 
of the present enthusiasm for 
joining the EMS needs a more 
thoughtful reconsideration. 



NOTICE IS HEREBY GIVEN bo shareholder* thee following ■ 
Resolution passed at die Annual General Meeting of sharehoidera hen on 
19th June. r986 a Dividend for the year 1985 of DM. 10.00 per share of 
DM. 50 nominal will be paid a* from 20th June. (986 ajamx delivery of 
Coupon No. 44. 

dividends wff be subject to deduction of German Capital Yield* Tax 
of 25%. 

The net amount of dividend is payable in German Marks. Paying Agents 
outside Germany wffl pay in die currency of the country in which the 
Coupon a presented w the-nze of exchange on the day of presentation. 
' Cotipon No. 44 may be presented as from 20th June, 1986 ac the 
Company s Paying Agents in the United Kingdom:— • 

Harafares. Bank'Jjaniced 
hfll Samuel & Co. Umtaed 
Kleinvvort Benson United 
SXl Wufcutg a Co. Led. 
from whom damn forms may be obtained. 

Unted Kingdom Income Tax wffl be deducted asrhemta of M% (H 
Pence m the £) unless duns are accompanied by an affidavit, 
i deducted in excess of 15% tireeoverafaleby. 

Uwed Kingdom residents. The Company's United Kingdom PawwAgems 
wBL ipon request, provide die ap propriate form far such recovery 









BIRMINGHAM. 021 532 S93 1. MANCHESTER. 061 -932 9877/fl. GLASGOW: 041-24B 6301 






Market unlikely to 
dance again yet 


decision time nears in the battle 

Woolworth’s future 

' - 


. ‘ 

. Hu'* 
■ i;. >i " 




w ‘ T ^*chau^ 
:: ^carefcj 





The vigorous waltz to which 
gilts were whirling this spring 
ceased abruptly in mid- April. 
Ironically enough, sudden si- 
lence descended at a time 
when it seemed that many of 
gilt-edged players' long-held 
economic dreams were com- 
ing true. 

Inflation, interest rates and 
government borrowing had 
all. been dropping 
simultaneously: and this sur- 
feit of good news had proved 
sufficiently powerful to drive 
long yields down as low as 8% 
per cent — a level not seen 
since Lhe early 70s. 

Since mid-April, however, 
the market has been on an 
erratic, but persistent, down- 
ward trend. By the end of last 
week, long gilts yielded about 
9ft per cent. 

The reason the music 
stopped was that the good 
news — stemming in particu- 
lar from the beneficial effects 
orthe winter oil price collapse 
~ had been pretty fully 
discounted. And at the back 
of the gih-edged market's 
collective subconscious there 
were several increasingly nag- 
ging worries: notably con- 
tinuing high wage cost growth 
and an acceleration (from an 
already very robust level) of 
broad money growth. 

At present there is precious 
little sign of any deceleration 
m the rate of pay settlements. 
The CBI and other observers 
have discerned some small 
moderation, but settlements 
remain above 6 per cent and 
earnings growth is stuck at 
7.5 per cent - where it has 
been now for almost two 
years. And this, because of 
the present lack of productiv- 
ity gain, is producing growth 
in unit labour costs of much 
the same magnitude. 

Some, inclined towards a 
sanguine view of the world, 
reckon that wage settlements 
will see a sharp drop in the 
wage round which begins this 
autumn. However, recent ex- 
perience lends little support 
to such optimism, particular- 
ly as the economy should 
then be accelerating, the la- 
bour market improving, prof- 
its and dividends growing 
strongly, and inflation, hav- 
ing hit an 18-year low this 
summer, edging up again. 

Unless pay settlements 
drop sharply it is inevitable 
that, with the strong disinfla- 
tionary pressure exerted by 
import prices having evapo- 
rated, that inflation will be on 
a sharply rising trend next 
year, taking it towards 5 per 
cent once more. Given this 
sobering possibility, it is 

hardly surprising that gili- 
,8™ investors have proved 
reluctant to chase yields even 

. olh er development 
which has generated increas- 
ing unease has been the sharp 
acceleration seen in the 
growth of £M3, with a 3 per 
cent (and still unexplained) 
jump m banking May, annual 
growth rose to an extraordi- 
nary 20 per cenL Were this 
“glacier of liquidity" to begin 
to melt it could do so with a 
rapidity which would leave 
geological metaphors 
floundering. H 

Fortunately, h is only likely 
io do so if UK interest rates 
are brought down so far and 
so fast that the pound is pul at 
nsk. Then these accumulated 
assets could flow across the 
exchanges, possibly generat- 
ing a currency crisis and 
certainly putting at risk the 
Government's anti-inflation 
objective. Such a possibility 
win weigh heavily in 
Whitehall's interest rate poli- 
cy scales and tip them deci- 
sively towards caution. 

There is another, more 
“political" reason, why UK 
base rates win come down 
only slowly from now on - 
namely, the need to float 
British Gas successfully this 

Were the flotation to flop, 
doubts would be cast over the 
future success of the 
Government's extremely am- 
bitious privatization pro- 
gramme. And this, in its turn, 
would dash the chances of a 
laige income tax cut next 
spring, except on the basis of 
some very dubious budgetary 
arithmetic. Faced with such a 
stratagem the financial mar- 
kets. by then increasingly 
paranoic about pre-election 
U-turns, would immediately 
blow the whistle. 

Ifl therefore, the equity 
market is flagging later this 
year it might be thought 
desirable to give it a shot in 
the arm. Accordingly, Mr 
Lawson will wish to keep 
most of his remaining inter- 
est rate powder dry. 

Were all this the end of the 
matter then there would be 
“ttle chance of long yields 
again moving towards 9 per 
cent What could cause this to 
happen this summer, howev- 
er, is a favourable wind 
blowing from across the At- 
Iantic. Should US short-term 
rates tall further and the US 
bond market power aht^d ft 
is highly likely to drag up the 
Bntish market in its wake. 

Growth in the US is veiy 
low at Hie moment - all the 

By Alison Eadie 

recent indicators have point- 
ed in that direction. And 
although marker sentiment 
has turned in response, the 
second quarterfigures may 
still surprise, with GNP 
growth likely to be close to 
zero. If this is the case, there 
would be enormous pressure 
on the Federal Reserve Board 
io rase sifter lhe GNP figure is 
released on Jt*iv 22. 

Of course, the Fed may still 
be hoping for a second half 
rebound, with lower oil 
prices, currency, inflation 
and interest rates ail contrib- 
uting. But. likely as not. its 
earlier optimism win have 
evaporated and the Fed will 
by then be willing to contem- 
plate another discount rate 

Clearly, a vulnerable dollar 
would prompt hesitation and 
pressure will therefore be on 
to secure assistance from 
overseas. Accordingly, coor- 
dinated cuts may make an- 
other appearance on the 
international stage. 

The West German 
Bundesbank, in all likeli- 
hood, will maintain its stance 
and refuse to play. The Bank 
of Japan, by contrast, mav 
prove willing and this might 
prove sufficient to allay resid- 
ual Fed fears. 

Despite the mediocre do- 
mestic background to the gilt- 
edged market there is no 
reason why base rates could 
not fell as part of the world 
movement. The funding wor- 
ries which are now so preoc- 
cupying the market would 
soon dissappear if specula- 
tion about a US discount rate 
cut grew and London money 
market rates began to dis- 
count a cut in base rates to 9 5 
per cent. 

Nevertheless, the good 
If US 

news could soon pass. .. 
rates did fall it would be 
regarded as the last cut for 
some time — if not for the 
whole of the current cycle. 
And domestic fears could 
then resurface with a 

The pre-occupation of do- 
mestic investors would be- 
come (once again, but more 
intensely), money supply, la- 
bour costs, the exchange rate 
and, of course, politics. Faced 
with this unsavoury combi- 
nation, the yield curve could 
steepen and longer-dated 
yields move into double-digit 
territory once more. 

Ian Harwood and 
John Shepperd 

The authors are on the staff of 
.^ oke [ Rowe A Pitman, 
Mullens A Co 


The £1.8 billion takeover 
battle being waged by Dixons 
Group for Woolworth Hold- 
ings has just over a week to 
run. The moment of decision 
for shareholders has arrived. 

Despite the welter of docu- 
ments and claims from both 
sides, the battle can be re- 
duced to the question, who is 
the better retailer? 

Wooiwonh’s case rests on 
its Focus programme — con- 
centrating its stores on six 
sales areas. These are children, 
gifts and sweets, entertain- 
ment. home and garden, kitch- 
en and looks. 

Lower margin products like 
food have been discontinued 
in favour of expanding these 
six more profitable areas. 

Woolwonh says Focus is 
working. Sales are up bv 27 
per cent and gross margins by 
Jour percentage points in the 
Focus stores opened Iasi 

Capcl-Cure Myers, a stock- 
broker strongly supportive of 
the Woolwonh management 
believes Focus is capable or 
producing substantial growth 
for the chain. It is forecasting 
group profits before tax of 
£230 million in 1 989-90 com- 
pared with £81.3 million in 

Dixons, however, disagrees. 
According to its calculations. 
Focus halves net profits be- 
cause. it says, the cost of 
refurbishing the stores and 
hiring extra staff outweigh the 
sales and gross margin 

Woolwonh counters that 
Dixons' assumptions on mar- 
gins. sales and costs arc all 
wrong. It would not be 
ploughing ahead with Focus if 
the programme did not en- 
hance profits, it says. 

Dixons is convinced that 
Woolwonh is caught in the 
trap of low-priced, low-margin 
products, which will never 
produce adequate returns. 

The average amount a cus- 
tomer spends in the Focus 
stores is up by 65 per cent, but 
the average basket is still only 
worth just over £3. 

Dixons' answer is its Opera- 
tion Ramrod. Wooiwonh's 
space would be reduced to 5 
million square feet from 7 
million and Dixons and its 
subsidiary, Currys, would be 
given the additional 2 million 
square feet. 

The number of Woolworth 
products would be increased 
dramatically and more would 
be packed into less space. 

Sweets — a hot issue in this 
bid — would be moved nearer 
the back of the store and 
higher margin goods to the 
front- The windows would be 


Two views of your 
new-look high street 



to ------ 

Wooiwonh's vision of the 
future: Sir Kenneth Dur- 
ham, chairman (inset, 
above) opened this 
newlook store in Edgw&re 

Road, London, this 
month. Below: Dixons' 
vision of the future with 
its chairman, Mr Stanley 

filled with promotions and 
there would be promotional 
points all over the stores. A 
Woolworth credit card would 
be introduced 10 keep custom- 
ers coming back. 

Woolworth does not believe 
Ramrod will work. It would 
deprive Woolworth of one 
third of the most productive 
space and would return the 
chain to the clutter and frag- 

mented ranges of the bad old 

Woolwonh also estimates 
that Dixons would need to 
grab 35 per cent of the 
electricals market - against 14 
per cent now — to sustain sales 
per square foot in the addi- 
tional space. 

The two sides disagree vio- 
lently on the amount of 
growth in the high street 
electrical market. 

Dixons believes its market 
share need only rise to just 
over 20 per cent, because of 
the growth in the market and 
the move to new towns. 
Woolworth says there is al- 
ready a heavy overlap be- 
tween the two chains. 

Both Woolwonh and Dix- 
ons have been lobbying share- 
holders hard with their 
different visions of the future. 

The intensity of the presen- 

tations is understandable, be- 
cause the fate of Woolworth 
rests with institutions which 
own more than 90 per cent of 
Wooiwonh's equity. Three 
institutions — Warburg In- 
u-simcnt Management. Rob- 
ert Fjeming and the 
Prudential — control more 
than 30 per com. 

When the present Wool- 
wonh management took over 
in the institutional buyout at 
the end or 1982. it ’said it 
needed seven \ears to put 
things right. 

The lack of management 
information and stock con- 
trols — there were 20 years 
supply of lime green zips, for 
instance - presented enor- 
mous problems. And there is 
no doubt the shareholders are 
pleased with their investment 
to date. The companv is 
valued at £1.8 billion todav 
against a buyout price in 1 982 
of £3 10 million. 

But the institutions will not 
be loyal at any price. If thev 
reject Dixons* bid. they risk- 
seeing Wooiwonh’s "share 
price fall. The question is. how 
far will it fall and how long 
will it take to recover? 

For those with doubts about 
Ramrod, there is the option of 
a partial cash alternative 
worth 802.4pa share, against a 
market price of Woolworth at 
760p. For those who believe 
Dixons can deliver the goods, 
the share and convertible offer 
is worth 82I.5p a share. 

Dixons has structured its 
bid carefully 10 avoid preju- 
dicing its own shareholders. 

The stockbroker Wood 
Mackenzie estimates there 
would be dilution of only 2 per 
cent in the year to next April 
30. minor earnings enhance- 
ment the following year and 
siginficant earnings enhance- 
ment thereafter. The broker, a 
great fan of Dixons' manage- 
ment. believes the combined 
group would provide “an 
outstanding investment 

Shareholders have a choice 
of two managements and two 
retail concepts. 

The larger holders have to 
think about what weighting 
they would want in a com- 
bined group, if they were to 
accept All have to decide 
whether they want to see 
further concentration in the 
high streeL 



E Comply 

Pro Oi go Gross n> 

tasJ on a m 
Fnaay WM* panca % P/E 

58ft* Mm 


882ft (Mat 
789ft Bftry 
rat-jw ft nn 

» Bmpre s* 

SSMBbi Br inv 



68.7ft Cnsceat Japan 
2&Oa Do Can 

DMpon Fft EM 

raft* Sundae ton 

Erin Anar ABM 

£5 12?*“ 

■ 47.7ft F at Uwg 
U89BF1C Poetic 
BBftn FSfU Soot An* 
— -RnKUfiOon 
jjftjw Fjamfeic Aawncmt 

nornjng Bftpm 
181.4m FMig Fir Eft 
17.0ft ri ming RadgUng 

223fta Fftmng Man a ma 

7 1 £ .LSCHAf 1 


4572™ For c3 
71 Jn G8C CM* 

46.1b GT Japan 
525m General Finds 

582m Omni Cora 

Otoigow Sack 
573ftn GUh 

iliAi Gowtt Attanfte 

!7§.I» Gomkt Onorasl 

2iS*n Gown Sttragy 

134 +2 

348 +4 

105 +1 

114 +2 

243 46 

58 •-•» 

40V ♦*, 

418 • .. 

94 +1 

SS 13 8 

207 +5 

148 44 

130 -4 


175 +1 

880 +25 

197 -1 


143 ft+1 


148 ft-1 

91 41 

158 +4 

107 ft+2 

198 +4 

312 -4 

,80 ft-5 
540 ft+15 

17S +6 

330 +7 

120 • *3 

138 *1 

069 +2 

194*i +3V 

139 43 

152 *1 

395 »+5 

87 «T 

08 -1 

179 44 

188 +3 

312 42 

131 +1 

340 *4 

1« • ♦« 
188 844 

220 +3 















24 434 
34 37.0 
34 378 
24 544 
CL8 .. 
34 424 
04 .. 
47 324 
1.7 554 
5 2 284 
13 417 
17 40.1 
04 .. 
11 17.7 

144 44 324 
is as . . 

14 02 .. 

7.7 39 35.1 
04 04044 

4.7 63 42.1 

16b 14 000 
54 87348 
28 22562 
24 18 874 
24 2.4 564 

2.1 1.1 75.7 

148 4.6 298 

a? 108 a? 

82 15844 

78 42 307 

124b 19 408 

14 12 .. 

18 24 524 
57 04 .. 

5.1 38 398 
34 24484 
13 28 64.7 
46 28648 
11 24 584 

20b i.i ■; 
28 1.7 664 
154 11 27.4 

18 24534 
197 44 26.1 

4.0b 29 434 
13 1.7 800 
5.1 28 829 


* Comm* 

ChgaGrau Om 

Ms 1 on ft. YU 

FnQf mil pane* % P/E 

9879400 Gmsbm 
61 ift Uw ab wa 
270 . 7 ft HP (PI 

■657ft bur Cap 











79 An 


W ftM ton planar 
Makmort O 'am 
JWMm Smalm 
U* Dmntura 
ton uaroim s«c 
ton Ttw 












• ♦9 

• -4 

24 07 .. 

68 £4 274 
64 15 404 
154 u as 
48 18 . . 

64b £4 78.1 
OI 08 .. 
34 37 411 

• taray Snno 


me 83 

584*1 Nth ASM** Sac 
4800400 Mb Saa AaMS 

‘1SS SS 1 

sar -1 

1074ft Rausan 

2-5 * 6n 

— - fiobrao 

_ 9£4n Roms* 

24504m FtotftS 
467m St Alttm 

am 4 m soomm 

|0« American 
2291ft Scot EjBra 
i£lta Seal Mam 


























• ♦1 

• ♦2 

• ♦2 
• +4 















♦ I 

• -2 




• ♦18 

• +3 

•+a . 

• .. 

• ♦*! 

64 34 27.8 
12 58 154 
6.1a 94 214 
Mb 5.1 31.4 
37 18 716 
7.7n 94 268 
7.1b 44 344 
1911 14 .. 
104b £7 614 
313 50 294 
08 15 674 

37 31359 
44 77 174 
M as . . 

48 18 674 
07 15 434 
77b 28 64 7 
44 34422 
14 18 914 

JO* 14 974 
171 43 4014 
44 98 294 
12-1 44 268 

nwfb l a bj jft ai 

E Oon*»ny 

Prioa Cti'ga Gras Dw 

- U3< on On vu 
mpay tft* pant* % P/E 

278ft re Aifttnda 94 

6S4m TR Hanoi Raa 2 » 

604m TR North Amanca 95 

JS PMncB — 1 167 

TMm TO Pi«WT|r 177 

237.0n TR Tacn 110 

'Jja-THTrunra, 182 

I*?* Bar 157 

iM-ift RimamftlMi 292 

124n Throg Sacnrod Cap 370 
724ft Trmo Oownic 201 

OMft THMna 130 

.2 ? 1 Tn DMi aM Inc 91 

17B7ft US DftMittn 259 

ITAl warn B aaour tms 43 

H 1*1 Wtapooi 60 


412ft Yataran 3S? 

'-1 2L6 £7 568 

♦2 14 09 . . 

> •• 5 7 38 398 

!♦! 24 24 51.9 

+4 680 34 374 

+6 74 44 274 

+11 114 4.1344 

^2 S BS 

♦1 168 17.4 88 

*4 M 34 514 

•• IS B2S 

117b 19 368 

• ♦3 


7.1 28 463 

4.j 34 483 

U 25 614 
9.7b 11 444 
24 £7 564 
Via *2 702 
12.1 24 558 
78 24544 
344n 38 33.1 
74b 44 308 
20 £8 511 
04 14 .. 

44512*1 Amnncan Enans 
103m Aigfi a 

2624m Bntsmra Arrow 
633a OMy Lift 
.8701* Do K 
2l7.ta Qaatt 


531 6ft Excd 
114ft Eastomsui 
a9« Fnmftnton 

I2ta from Cfc 
184m Goods ft) 5 Ml 
1 732m Hmoarwn Mm 
88.7ft ICH 
224 Gn MAI 
1B£1n M 4 G 
2294m MamanMa (Mum 
460m Picric In* Tu 

Do Warrants 

43 In Sown New Cowl 

'Tlie year ended 31 March 1986 has 
been one of considerable activity and 
impressive progress which are reflected 
in the results. . ., Shareholders should 

be fully aware of the inherent quality and 

strength of the Group's portfolio, carefully 
built up over many years, together with its 
future potential.' 

Richard Peskin — Chairman 


r ^ 

Lr » ” 

Rertf receivable 

£2 1.22 million 

UP 14% 

Net revenue after tax 

£11.85 million 

UP 24% 

Earnings per share 

8. Op 

UP 18% 

Dividend for yes' 


UP 10% 

Group's properly assets now exceed £340 million 

T. */'V 







fata copy oftha Annual Report ma Accounis 

, write fo the Secretary. 

?f ;gfron House. 58 Mortlm* SfrBef, London W 1 N 8 BD ' 


Alexander Howden Rein- 
| sura nee Brokers: Mr Ronald 
Cnllam has been made joint 
chief executive of the Lloyd's 
and London Market Reinsur- 
ance Division (LMX). 

Grams of Sl James’s: The 
new board, to be chaired by 
Mr Mike Heartier, comprises 
Mr Michael Staton, managing 
director. Mr Edward Cory 
deputy managing director Mr 
Keith Charlton operations di- 
rector Mr Philip Good band 
buying director Mr Robert 
Gregory personnel director. 
Mr John Griffiths sales direc- 
tor. Take Home: Mr Tony 
O'Neill sales director. Nation- 
al Wholesale: Mr Philip Rob- 
inson sales director. Group 
Trading: Mr John Taylor sales 
director. Specialist Wholesal- 
ing: and Mr Peter TiUet 
finance and planning director. 
[■Appointed non-executive di- 
rectors are Mr Colin Ander- 
son. wine development; Mr 
Jeremy Bennett corporate af- 
faire: Mr Fred Heather and 
Mr John Steele, operations 

Regalian (Urban Renewal) 
and Regalian Developments: 
Mr Lee Gokktone has been 
appointed managing director 
of the two companies and Mr 
Roland King has joined both 

Ricardo Consulting Engi- 
neers: Mr Bernard J Challen 
has joined the board as a 
technical director. 

Canadian Pacific: Mr Denis 
. Keast has been named as 
director, financial services. 

RMC Group: Mr J C S 
Mott has been elected a non- 
1 executive director. 

-Tl" 77 '“’ ~ a.m. gimasi anywtte 

mainland UK, Monday to Friday and before noon Saturday. 

c -, I; . l ,l s ° nly£1 ?' to send a “mpacf SWIFTY document pack, 
£15 for the larger SWIFTY and £19' for up to 5 kilograms for 
more bully items that do not fit easily into either SWIFTY pack 

mtsf 5%1 a sma " charge 01 ^ for each a *“*- 

. .. JO****# Pick-up. or more information, telephone our 
dedicated UK-wide UnkUne 0345 20 0345 (ringing us will only 
cost you the price of a focal call, no matter where you are on 
mainland UK). 'Pncez ae exclusive of VAT. 


Name 1 


- — 1 



— . 



~ 1 





— tfiold— 

rtc-rr your ponfoJro ra/rf chwX tout 
fign: sha^r pncr mO'cmcniS. Add mem 
gi'.o >ou your overall total Check 
this a$a>nsi the daily dividend figure 
CH^lish.-d cii this pace’. If it matches you 

itt>C »on ouinjhl or a share of ihc loial 
dailv pnee money slated. If you aa- a 
winner follow ihc claim procedure on the 
hack of jour card- You oust always have 
jour card avaifaMe when claim ni^ 

§ \n. Company 


Gain or 


cVi» Jr OdMv.ein 

Drapen. Siore' 


i a-V-vy Cape! 



EldSifPOte Midi 




Building. Roads 






Buitdinf. Roads 

a ■ 

\k;<kj ,SWi 

IndustiuJs S-Z 

§ s 

Fim An Dev 

Drapers. Siam 


Si.Tlme Ind 



Cadt-un -&ti«rpP« 



Hone Farm 



BcnswiU SAW 



Greenhal! Whnle> 




Industrials A-D 


Ion fil'd Ind 

InduHnals L-K 


Oerrard Nat 

Banks. Discoum 



■ 1 


Baker PcrVins 

lndustrolv A-D 



Paper. Printing 



Industrials L-R 


Vlanuc Camp 



Scot A 




Indusinals L-R 


lodustruls A-D 





Gold GuronJos 

Paper. Priming 


lodustruh A-D 



[odustnals Erk 






Budding. Roads 





five Oiks 



Morrison |WI 




ladratnal A-D 


Bilion (PI 



Daws (GaJfrry) 


■ 1 







Gem SR 

Drapery Stores 


L'ld Btsnms 




Chemicals. Plas 


Evans of Leeds 



Harris Qneenswiy 

■i 1 






■ -ll~— | 


Please be sure to take account 
of any minus signs 

Weekly Dividend 

Please make a note of jour daily touts 
for the weekly dividend of £8.000 in 
Saturday's newspaper. 

i VON 






*N«%M A 



Pncv Oge Int Gross 
<j« on om 
F-'Ojv week yto*+ yic-v 

SHORTS {Under 

(09m Each C % 
tOilm Even 14*. 
trim Even 13 
ICiCMm Treas CiO 
8:Sm Even £ .- 
»S6lm E'C » 

$+9m Fund 

1$nm Tie»s 
S-i&u Titjs 

:pl5* Thus 
* 3im Trees 7'.% 
ua:» Even I0':% 
1181* Trees C9’.% 
Ul4m Trans 3% 
2058m Tims B' % 
2388m 7-eas 11 :% 
1415m Troas ID •> 
3uSm Even ’OS 
1157m Even 
*30ffl Even 
3tom Tims 
133Sm Even 
S5*i Trees 
I268«n E*en 
lli2m Tims C9’ % 
453m Treas 3" 
1059m Treas 
1381m Even 
438m Tmss 
59im Tnms 
1487m Treas 



10 ** 







11 *. 




8 '.% 

10 *. 

Five Years) 

1986 98% 

1988 101 V 

1987 102V • . . 

,1987 100': .. 

1957 87v -V 

!»? 10 O'. -i 

156507 98* 

1987 100-v 

1967 96': 

1987 103V 
198565 98V o- . 

1988 102 - 

1960 101V -V 

1978-66 93'.«-V 

1968 100'- -v 

1999 IBS'. -'. 
IMS 103'. 

1989 101 - -'• 

1989 IDS', -% 

1990 06 

1961 86 

1989 UM ■ 




196790 98% -V 

1990 103'* 






rysam ti«m ir •• 1991 iw.*- . 

37Jm Fund fr.% 1987-31 93V 

512m Ev3i 11*. 1991 108 - ■ 

976m Trees 12'-*. 1992 US'.*-'. 

I I’M Tress 10". 1992 1 03« -I 

000m Treas CiQ'.% «99£ ICS* -I 
533m &ch i2'.’. iwz iiJ- - - 

WS7m Even 13' % 1992 119'- -l'l 

248m Tims 10** 1993 103". - . 

1278m Tims l£':'+ 1990 116 

Fend 6*. 1983 90'* 

537m Trees UV*. 1993 123 -1 

769m Tr«* 14 .% 1994 128'* .1 

3*sm £*=n i»':% 1994 122’. -i 

8i9m Even 13 1994 117'. -l 

245m Treas 9". 19»« W- -% 

!6Km Trifl 12*. 19S5 1U .«- * 
155m Gas T . 1990-95 77 v 

1152* EmJi I0W 1995 105 9-** 

anm TrsM 12'.% 1995 120'. -1 

,14Sm Tre» 14*. 1996 127'.»-1 

743m Tims 9*. 1992-96 99V -V 

830n Tro» 15'.*. 1996 13SS -IV 

SSim Even 13'.% 1996 123'. -1 

33m R0HW 3". 1996 83 

320m Com. 10% 1996 HO" -1 

869m TrM* 13’.% 1997 124VW-1 

722m Even iO'.% 1997 106*. -IV 

106m Tims BW 1907 96'. -1 

358m Even 15". 1997 13SV -1 V 

B38m Tims &>•% 199568 33". 

■SSttn Even 9V% 1998 102 *-1'. 

S53m Treas 15'.-% 1988 M1V -*V 

928m Even 12% (998 l(7'» -fV 

060m Tims 9':% 1999 101 «-1 

4Ste Even 12'.% 1999 H9V -iv 

3i3ra Tims 10'.-". 1999 107V -IV 

475m Com 10'.% 1999 105V -IV 

222m Trass 13% 2000 12S%«-IV 


36m Tims 10% 3Wl 104’.- 

97.% 3XU 
Tr 2000 
H% 1998-01 

10 *. 2002 

12% 1999-02 117’- 

9'-% 2002 102S 

„ 10*. 2003 105 V 

57m 71*43 AW. X0O43 ’31'- 

»m Tims 11':% 2001 KM H5% 

7m Tress 10% 20CM 105'* 

3'.% 1999-04 56V 

9'.% 3XM 101 
9';%S 2005 101'v 
9 •% 2005 101 

10'.-% 2005 no 

72m Cmw 
70m Com 
25m Tress 
19m Com 
17m Eveh 
23m Tress 
52m Tu 

102 '* 




9m fww 
On Cenv 
3m Con. 
im COn. 

SnEidi ... ■ -w ■ — 

5m Tims |2’.% 2003KS 125 1 . 
3m Tims 8% 2002-00 99 

1m Cor. 91% 2006 103': 

5m Trail II V* 2003-07 118% I 
5m Tims l3'.% aom-oe 134V 
3m Tiaas 8% 2009 88'* 

2m Treas 5 % 2008-12 66V 
3m Trow 7 v% 2012-15 87 4 
3m Even 12*. 70t3-i7 127 


i60m Cans&i 4". 
748m war Ln 3' % 
63=1 Cor. 3 .*•* 
I80 Tiaas 3*. 
iBn Cersow 2'.’. 
135m Tress 2 % 


88 f fir 

Tram It 2*. 1968 
Traas IL 2% 1990 
Treas IL 2*. 1990 
T.aas 112 % 2001 
Tinas ILT- % 2003 
Treas IL 2*- 2006 
Ti«js ILT.% 2009 
Tims 1L2'.% 2011 
Traas IL2'.°. 2013 
Tiaas IL2’<% 2018 
Trass IL2'.% 2020 





28 V| 



iw.a- 1 - 

121 v 


105'. -% 
109 O-v 
«»'. -V 
108V -** 

91% -■ 
99 *-'i 
97V -IV 






















10 7 


11 1 







II 3 


10 7 
























ID 1 
















390.0m AJVbO invi 2X1 

J 17 Mi AngMcnar fH*nr*> 83 
TBi 3m Aia New Z 233 

1.572 5m Banumenca 110'. 

16? "m Bank Cri irmantf 4QS 

4332m Bank Lawn. Sim t8'. 

7 140 64 

ill 170 42 

17 1* Bank Launu UK 



67 112 

S002m Bank D» Sccreara 







91 6m BTOren Sr^Dicy 




£2 28.7 

63 lm Carer Wen 


• .20 


86 10 6 

4 7 IS 4 

2X48 3m Chase Mantuoan 

£27 - 

« ’ a 


SO .. 

SJ67 7m Crhcore 



53 . 

11 In Du) 



73 09 

■6 5* Com Bank Wan 



1 SSi 8m Commynoan* 




0 1 

S 3600m Damstte sank 




5.1 .. 

m im F*si Nai F4un« 




21 H 6 

177 jm Grerere Nji 


2? 1 

65 103 

ISO Dm itaenress Rear 




33 1* 2 

401 Gm Hamer .jt. 

349 in Hill Samuel 


U (9 

1 rwom HK SnargiB. 


titan JOMcn iLeoeowi 



17 4 

3 8 237 

25 *m Kino 4 ShtoStn 



02 1X0 

531 (ha ktonwcit Bergen 




3£ 110 

t *J1 era Lkxte 




SS 58 

ID 4m M3M«1 



64 H7 

J73Jm Mei&ry W 



S5.9«n Po 6% A 



1 Jie Jm hleunel 




40 19.5 

6«4 Nw Au# Bk 


• -6 

3 628 7m Nil 


r -40 


34 62- 


57 82 

1626* PronJent 



1b S 

47 11 6 

ii On Ryj Bros 




23 2*1 

44t 9m RooiaMI (Jl HU 




5 4 140 

Capitalization and week’s change 

(Current market price muitiplied by the number of shares in issue for the stock quoted) 

ACCOUNT DAYS: Dealings began June 16. Dealings end June 27. §Coniango day June 30. Settlement day July 7. 

§Forward bargains are permitted on two previous business days. 


—% old ~ 

2 Tuaea N*ws#»p«n Umfri 


Claims required for 
+45 points 

Claimants should ring 0254-53272 

Pnce O' je Grcss D» 



3rv in 

C Ccramy 

% P)E 

1 528 tan Hc*i Br» O* Can 

Cl 5. , 

si v 

904 «rn Hoyi 6n» Ol SCO! 


to . 

■C lm Sur^r 5l *US) n 






7 6 690 

7.4388m Trews Fj^O 

♦J 1 ' 

24 5m wretruk' 






19 156 

2.5726m gass 


• +7 


12 lm Be«-J«en 



125 0m 3«ong=7hs 

1 M 




fl +JO 





286m Burrom+COO Brpre 




10 7 


• +*S 


20 27.1 


• .3 


40 126 







12 123 



iot >m Honiara Chss 

37 2a inrareorcpn QrsO 






27 . 


+ 1 


27 18S 

IS to UciUid 


• . 


37 136 

42T4m SA Brareenes 


• ♦20 

44 1*‘* 






30 18-3 

1.106 In wns&esd A 


• *19 

11 1 


• .23 

11 1 


• +7 


4 8 28 6 


• +24 


8137 COQ Yeung 'A 


• *5 


17 193 


41 fin Aherdeen Constr 


• . . 

11 J 

45 234 

HI 1 I ■■ 


Ij '■ a- 



04 69 


• ♦11 




11 6 






. i 




61 194 





• +8 


Ml II 1 ■ ■ ■ 


■ 1 1 1 


• . . 


13 7m Br Dredemg 

5000 000 Br.%m 5 Jackson 







18 '; 

5 7 

30.0 20 



37 .. 

■Tl'T Y-'-a B ttd 




• ♦20 

24 3t 

4 4 10 0 






57 107 






23 195 



4 8182 


• ♦5 




• +* 


4 2 82 




M 'll 1 ' 11 Will 




72 1*1 



Mil 1 1— 

• . 


•9 8m HAT 




52 108 

7050X00 hMl 8«r 



.. 673 
32 134 


• ■- 


629m Heywaud W mams 




*1 153 




34 150 




30 13 0 

HBS/'A’k- 1I1 



25 0a 

61 14 1 

a *7 







1 7 3m Lawrence (Wader) 


• . 


58 7 2 

SO Ora lAry IFJCl 


115.4m u»refl ITj) 




24 ISO 

254 An Maqmt 6 Soutn 




4 1 150 

40 9m Manders 


♦ 12 

n 6 

*2 160 


♦ 1 . 


.W i v r — "1 



7 SC 

*3 140 


S *e 

*5 . 

1*8 Sm MCAD4I* (Aiheai 



17 9 

43 135 

Mi 2m Meyer «t 


+ 11 


30 142 


1 * 





7.4 168 


• + 18 


5,7 122 



15 7 

16 17.4 



4 7 140 

2 T 4m Persremxm 




34 124 

2 744000 FToeru 7ime*r 



4 3 34 

3 765 000 Porrpns 


• - 


51 80 

«9 lm PMC 




11 1*4 

956 6m Pevsand 




17 UO 

42 >m HuOerc-1 



44 105 

238.1m Rugtnr Camera 

164 1* SGB 




10 7b 

S4 185 
28 13 6 




27 19 0 

8-368X00 Srian Ul 




ax 17 6 


• *18 


20 104 


• -■: 

12 3 

38 14 5 




50 112 

71 3m Trews A AmcM 




fT'H l'l 

5X630G0 T-e« 




20 9.7 

6147 000 Tomtl 




17 ora l/oroocmt 



13 4 

4 7 124 


10 4 

40 I* 7 

2.16* 000 vvemnmtta fT) 


• -6 

1 4 

IS 84 


• *2 


30 132 

1X77.000 Weoem Bre* 




21 228 



. . e 


14 14* 




27 194 


1 75* tan AK20 N/V Bearer 




90 . 




1.9 190 

104 *m imerttaro 




26 15 D 

9.510.000 Anchor Chsmcal 



B 1 

28 I3B 



4 0 20.8 

4.7F62m Bayer DATS) 


• “4 



369m Btagden 




82 19 0 




19 17 6 

i93h Hr Qmu» 


. 190 

203m Canning (W1 


• -3 


4 3 20.1 

230** Coatw 


• +1 

10 7 

219m Comes Bros 


• ♦1 


JJ 80 

31 Jm Do A' 


• .. 


49 a* 

3 128X00 Cory l Horace) 


• *3 


53 57 

182.7a Croca 



63 164 


• . 


*I0m Bks 5 Everard 




*3 iao 

230 lm Foseco-Mraep 


• ♦13 


46 118 




4.4 11.1 

85.1m Home 




39925* Hoecrut D*C0 



E3S30O1 In® Cham Ind 



489 3m LaoorM 




33 149 

16 7m Leign 




50 15 7 

534m Ptylu 

2 22 

• . 


14 ia7 

5325 000 fieacraok H«gs 


• +1 


51 B.l 

2535* Remoto 




27 165 

2986m SN1A BPO 



140m WoWeraiafci* Prek 




*0 250 

168m Yorkshire cnem 




11 128 


3S.An TV A" 




5i4 130 

6-360X00 Gramoan 

44 2m HTV NJV 



• +1 


11 4 

59 71 
53 90 

61 6* LOT Hogs 




59 148 

3Stan Scot TV A 



4.4 n 1 

B1 »n TVS N/V 



11 4 

40 121 

9-289000 TSW 




60 118 




30 95 

^11 i'li i'« 



5 0 2*6 

. 1 i J rj 


• . . 


43 125 




10 383 




1 “I "i 




05 576 





18 290 

762m Brown (HI 


• -10 


26 214 


• +30 


23 200 


. -3 


24 3*7 




63 9 4 



30 125 


• ♦16 


13 185 


• -7 


A0 21.0 



57 97 


• -10 


27 122 




14 194 




13 24.0 

- J 1 it . 


• -10 


16 163 




45 9.7 

1T111 . 1 1 ... 


20 257 

74 im Emptfs Ston» 


• +8 

20 167 

■ *14 

2215 000 Executes Dothas 


• -6 


20 76 

109 Tm Fine An De* 


• ♦9 


15 1*5 

1 ™ 



■TD-f' i- ■■ 



44 iao 

■ IT 



25 169 

17 7m Gaa® (AJ) 



T 7 

82 134 




S 7 

44 169 

■ 1 1 ■ 



10 7 

4 7 SIJ} 

214 lm Grann 

• +10 


21 17 8 

67 3m GUS 




22 204 

26462m Do A 

Cl Ov 



25 170 


• *6 


20 160 


• +3': 



7 7 103 




76 112 

1 1 Jl ^*1 r ■ - - llfl 



7.1 17 7 




32 ZS2 

93.6* LDP 



56 166 

31 *ra Lee Cccpor 


• ♦15 

30 89 


ir r 




49 14 0 

■- <rr ri t’ttP 


• -6 

• .2 

‘-.t-’nl '.TM 



15 496 

173m mom eras 


• -9 


1 « 270 

65 7m HSS mewsagora* 


• . • 

20 n 7 

366 lm Wan 

24 302 

7005000 DBrer [G) 



*4 180 

47 7m Pemos 

1 O 

13 19 6 

11 *m Preedy (Aaredl 



.*.« 225 

613* Rainer* UeweWn; 


■ *S 


26 203 

9.457X00 Seed tkustrr) 

• .. 




3072000 & a U Stores 



. . 36* 

£22m Samuel IH1 


• . . 

18 804 


• +3 

4 3 347 

1067 O* Sean 



39 162 

4SS An Smtt IWWI A 



+ 7 

1 7 r 

11 15 9 

30 0n> SuNm (AG| 



46 13 0 



17 13 9 



■T ' . 1 . 1 ; 9 

171 7m Svtnninja Sloe* 


7 1 

1 J»4 

L-fTl > J T. 




37 141 




33 10.5 




30 16b 





1390 tan Mumrtl 


• -5 

220 D 

10 17.4 


791m AB e me 



11 4 

20 291 

250m Aipnamtnc 



2 1 

1 2 IB 2 

826 9m J"WM 




03 416 

ISO* *0" ml Camtavera 


0 50 

00 44 

4 995000 Aden 


146 7m 49am* Comb 




13 B 9 

1 497 uOO Auoa Fidetry 



130 3m Aura Sac 




1 1 120 

Seitan acc 


■ .. 


52 17 1 









£ Company 

F'day week pence 

170 3m 6511 




23 69 

247 0m eowttore* 

• .. 


1 6 192 

144800m Br TeJeccm 


+ 16 

10 7 

40 157 


• .. 


43 84 

3380 000 Butem (4F1 'A 





14 6 302 
20 79 







45 B* CAP Go 








06 167 

70.1m Conran 








• -2 


• -2 



+ 1 


*52m Ocmrno 





61 7m Dutrter 


• +2 



♦ 3 




+ 18 






• -10 









6402X00 HteMani Bad 




• . . 


1 7 

2* 90 

369 7m w Stott 6 Control £71 


1 0 







159* Lac Refngeraaon 




BS.'m Loraca 



14 5 38 126 




15 228 


r -1 





* Oe 89 330 


Oln 02 




63 140 


• +2 


72 140 

5067.000 Oconrwa 




61 36 



05 £60 




67 119 


• -13 



3.213 4* PtiAos Lamps N/V 

04 V 




30 117 

1078X00 Do 'A' Lk> Votmg 167 



40 91 

1.726 im Pteuey 

17.41 67m 0b ADR 25 



♦ 12 


30 176 

9.660X00 Pnatsac 

_ . 


3491.000 Quasi Automakta 







12 126 

46 tan Roradex 


• ♦B3 


10 216 



345m Shorrett 




19 2S8 

40 7m Some Dritusan 




17 SB 

840.9m STC 




553m Stone InO 




4.1 10 Q 

126.6m System Oetegnera 
1.7903m rfx 






06 270 

1780* Teteohone Rentts 


• -2 





46 3< 




53 168 

6006000 Dope (FVY) 



27 11£ 

46 tan TiBStM 


• -5 



• +20 


26 210 

95 tan umntt 




4 1111 

35 5* utd Leasing 



• *3 



22 78 
64 104 


♦ 10 


09 29 0 




16 132 


• -6 


50 190 

2.970X00 Whitworth Elect 




29 US 

342* Yfittesete Frttmg 



4.0 120 


464m Attt^worth 





69.7m AJtken Hume 




21 60 

to.Sto Anaj/egASU 




99 65 


*6 tan Carnet* 




09 740 

18 Bm Candcwer 



22 41 S 

1.187X00 Cemrewa* 


6061.000 Eduty 6 Gen 




5X 11 1 

40 4m hrory 6 Sme 


• -3 


*1 231 

47 2m Ma mdie 


69b 40 258 

50 7m urn Home Loans 


• . 

47 On Do ffV 


504m Nmtrrarkal 




1059 (ha ASOA-MF1 



4 1 

26 IB 6 

2.983000 AJjxna Dry*a 


• -1 


30 58 C 

657 Nn Arayfl 

1467 tan A 9 Food 




34 15 S 




27 124 

180m Assoc Reiwms 


• . . 


47 31 6 

1062m Arem 




10 170 

11 lm Banks (Stormy C) 




40 10.1 

370m Barker A Ootnoi 




179* Barr (AG1 




53 >06 

25.0m Bassett Foods 




15 lm Batteys- 



28 126 
17 180 

194 Tjn Beyera 




145* 000 Blunbrs Cord 




138m Br Vending |BVJ1 




10 24 1 



40 205 

9456000 Carrs UCnn M8 

• -7 


18 87 

7X89X00 Orttoros Danes 


r .. 


4.7 129 

20 An 0b A 


V .. 


50 11.1 

29 m CUtans 


15886* Dee 



1000 41 20 

983* Ferior (Aoert) 


■ ♦5 



204 5* F«Ji Lo*ee 




265m Gtass Ooyer 



25 160 

1930m HcneutoOd Foods 




16 190 

t063m Kfcrds 



4 I 

20 19.4 




22 173 

3074X00 Nome Firm 




50 06 

742m Iceland Fncan 




1 B 212 

3929m K«* Save 


• +1I 


28 191 

1.960X00 Law (John X 



21 140 

803X00 lO**l (GH 



5 1 61 8 

71 2m Low (Wmj 




33 172 

39 lm MjWiowb (Beraarc 




16 221 

1754X00 Traoe Supp 




7 1 159 

191 3m Mormon (W) 




00 210 

39 Ora rachOK UN) (WntrlJIO 


* 1 138 

£2 6* Normans 



42 137 

0153m wmn Foods 




30 156 

125 5m Nrfitei 6 Peacock 


• +4 


35 146 

15 Or? Park Foots 



37 140 

6264m RHAt 


• *I0 


16 lb 1 

• fkwmtren Mac 


• ♦20 


38 12 7 

2734 Dm Snbury U) 

*06 la Salresen rChatn) 



• +*2 



20 226 
11 169 

5.766000 Sonvoran 



*067m Tate 6 Lyte 


• -3 


54 12X 

10860m Tosco 


■ -96 


22 200 

66* 8m Umgato 




4 6 122 

1.000 4 m DM B-jeuds 


• +7 

1360 50 133 

15 An watson 6 Piuop 




50 166 


1471 4m Grand Mel 




30 117 

39 Am Kennedy Brookes 


• +5 


09 124 

7380* Laowok, 



40 169 

262* Lon Parte Hotets 



14 J 

27 159 

1852m Mow* Cnartone 


• ♦5 


23 142 

10.4* Pnnce Ql W Hotat 




25 15.1 

125 7m Queens Moot 

71 'r 


30 15.7 

103 8m Sawy Has a A' 



13 140 

1 56 2m Sate 




25 178 

IJ11 Sm TrusthouM Fane 




40 167 





r?4 7m AAH 253 

93 0m AGS Ba s e men 21? 

113m ACM 127 

2133m APV 673 

153m AAronson 98 

686m Aoww 220 

34 8m AMMnare WVfMT 315 

6523 000 Aimer hd 
5250000 AopMCra 

122m AratBCn 
5.772.000 Annaa 
’BJm Asn 6 Lacey 







• -S 

8 2 
11 * 

40 20.1 

4.4 303 

95 143 
25 12 A 
81 105 
61 145 
27 192 
4 6 IIJ 
49 97 
15 79 
1.1 118 

96 12 7 

Beeje Cosmewa 

5535800 Bm*» 

436An BenHorO (SAW) 

8354J300 eensftra 
17 Jm S^O»* 

384m BeSwKvl 
1456000 lOF) 
2885m B«t7y U) 

6.300 000 9 <&&> 

IS95JXW Brfwti CJ1 

10.1m ( 

809m BtKh (Oenrt 
45 m - 

1 IB 














85 7m She *Ow 
31 On Bodvcom 
«7l5m Booker UcComn 368 
1.8324m - 

538 4m 8w« n fnc 

1055.000 Bradman Grp 
1503m Summer 

7.794 000 Bresway 

22 1m BfP9«n 
6145 000 Srdqerc Gp 

S24ib Breen 
204m BWSon^Suo»v 
1 534.000 Br Blag A Eng App 135 
396m Br Smnn — 

37 (hn Br Syphon 
90 7m Br lfu 
36876m B*o*an HJ 
5 379000 Bwsm* inds 

2750 000 0 avt. Enn 
9.642 000 siorke Tool 
302m Bom A Tame 
37 9m Bio«n (Joren 
4.(5*0 000 auntODf fUuil 
1005m Buvougn 
18 5m Bwgevv 
■ 3 4m Bmns-Andmsan 

3 360400 caheorew R<A*y 
>7 3m Camfere Eng 
20 Jm Coot ns 

23 4a Cape tad 
189m Csdo Eng 

9.839.000 ftPW 
8.015300 Ca«swn 
1841 oOO Cemr»i a Sum 
2375 OOO Ceneonmy tad 

22 5m Cn lod 
30 0m PvsnC MU m Pn 
3222000 Oi an O Mi m A 
262 9m Cneiler Cons 
U0m Cnenemg 
BQQm Gnrai»e* a* 

.. » 

16 47 293 
150 88 182 

75 85 97 

61 87 74 

86 19 253 

■ 6 14444 

ZD 45 187 
96 18 155 
34 20 321 

50 <A 1Z9 
54 19 112 
86 <J8 164 
84 4 3 130 

24 09 718 

140 86 84 
-21 17 05 242 

• *» 68 Z7 117 

• *18 17. t 49 159 

• -2 









130B12X 1 




90 122 




62 1QB 




1 1 300 


*3 104 




96 15X 



0.7 71.1 



4 0 U 3 




96 125 








14 24 7 








86 98 



11 7 

40 134 


14 210 




49 171 





27 150 



4 4 44 8 



37 68 


17 9h 

SO 80 


• ♦19 


4 4 9 1 



*1 17£ 


. . e 

.. 120 



. 108 




4 0 HO 

B T 


a 7 12 7 


• . 



+ 17 


63 *9 6 




3* 120 




27 19.4 


t C omp a ny 

Price O' Oosi Ei« 

Lisl on *r rv 
Pnear nee* pence % P/E 

2030 on 

18 *m 
3450 000 


20 0m 
6050 000 
711 7n» 

2808 on 

1C 9m 

19 Bm 
9.036 000 

130 On 
54 im 
951 000 

84 0m 

1501 Sm 
1 314 000 
14 9m 
107 7 m 
296 Jn 
. il»* 
U2 im 

84 6m 

7J75 D00 
71 Sm 
ii 3m 
1 419 000 

CUive (Ctaiperei 
Oayton Sen 
Conee 4 A I 

CoOrpe Go 
Coemmcd Tew 
Con carve 
Cant StsBonery 
Cook I wvmi 
Cook sen 
CSOsan (P) 


Cawme* Pace 
Comb 5e Crept 
Clear NKnoimi 

Crown House 
Cumrani 3’.v 





tTswes a M« • 
Dames a hewmon 

Dr La Pua 

Damw sanpnj 

Dean* Haw 
Dctrson Pam 

Oomruori Ini 



□non UAJ1 
Do A 





21 ! 





















ro 6 














I *23 





• -4 

a 184 
6 5 2 6 53 7 

100 75 92 

IS « 10 TV 7 

7.1 3.4 15 5 

5 6 54 142 

13 31 10 7 

6 a 40118 

II 1 22 UL9 

2.1 27 438 

4 6 4 3 187 
129 34 121 

32 48 295 

68 38 >4.1 

III 56 11 S 

375 24 . 

ore ia . 
13 OB 441 

17 9 61 1QB 

32 *4 :: 

143 67 68 
51 46 112 

47 1 46 121 

13 45 102 
114 45 92 
104 4.0 108 

06 34 194 
75 ID tS-5 

7 4 73 145 

71 68H6 

79 75 61 

39 2S1S7 

5 7 6 6 209 

17 7 6 182 


26 0m Eastern Prod 
156m EBpro 
54 8m as 
4.807 00(1 Etvef 
24 Ml EtaCC 

1.474 3m Becnotu* (AE) S 
187m EBC4I (B) 

7542m CMiei 
6795m Engten CMna day 
797 »* Ertsson <L*M B" 
23 9m &5km* Hcum 
302.4m European Femes 
918m Do 5% Pit 
112 5m Eoered 
23 Qm Evcce 
46M Ekpemrei M 
157 im E«M 
165m Falcon 

8829000 Feed* Ayr tad 
364m Fenner (JH1 
1530 000 Fits tadmat 
: 4600m fiaont 
i2 8m f l U e eiu n 
3.571 000 F%x*Sc CAW 
8446 on FoM 
21 0m Fogarty 
10.6m F«Cm Group HIV 
73 Bm Fomerja A hi rvrey 
6.758000 F ranca monasi 
46 6m GEi un 
905 6m GKN 
100m Gfl 

4275D0D Genon Eng 
G8lm Grretenrer 
132m Grevn 
6384 0m <3Uio 
73 8m Qymrea 
24.0m Gonna Ken 
304m Grampian Mags 
847.0m Grenada 

8177.000 G/orebed 
8768 000 HatM Precwmn 

309m Ha* Eng 

105 4m Hal (M) 

8165.030 Hetkre 

106 im Haona 

9367.000 Hampsan Ind 

a ir-'ooo Hmm* 

4.737.0m Hainan 

3207** Do 8% Cnr 
1680m Do 5>*% Pt 
1.404 7m Do 10% 
eaOm Hratnn 

7.200.000 Hams (Prebo) 

1.117 2m Hawker S4»»tav 

2313m HareHy 
4.720 no Hay (Normam 
314 7m H gnuiore i Caramc 
666m Hesur 

2.970.000 Hemtt Ml 

1357.000 H^ngate A Jos 
477%* Horn* Bios 
42Jtai Hcil Lloyd 
526m H ocO a nac ns 
605m Howden 

3965m Ftadson Bay 
4Z0m Hunonq Assoc 
23.8m H laying GrtMJ 
1394.0 b Hujcnvy Whampoa 
5684m llfl 
26Bm hotron 

8736300 Jacksons Bourne 
3532m Jareme Mam 
642m Johnson dMnere 
272.7m Johnson Mattney 
408m Johnson A FB 
215m Jtfnuon 
15.7m Jonas A Seaman 
U2m Joiaden (Thomas) 

4230.000 ejamaToo 
339re Kalon 

7967J300 Keisey md 
7.608000 KaiereOy Sra« 
943m Kershaw (A) 
4.418000 Klean-E-Za 



14 1 






£10 V 













Cl 20 V 















• -3 


• *11 


• -3. 

• -I0 


• *30 




• -2 




• . 

• *2 


• *24 






• *2 



. *3 


• *4 

• .. 

• *6 

• *3 



143 88 82 

107 83 91 
96 4 0 13 0 
25 66I61 
60 4J I5J 





7 1 


7 1 











10 1 
.. a 
5 7 d 


.. a 





4 4 195 
55 . 
48 133 
0.4 .. 

03 136 

so >ao 

51 . 

IS 15.2 
35 14.0 

4 2 165 
35 167 

13 .. 

57 56 
8 7 19 7 
93 17.4 

1.3 260 
17 . 

52 6 1 
12 56 

54 143 

58 80 
6 8 l<2 

7.4 14 3 
46 125 
33 84 

43 87 

IS 125 
33 162 

14 293 

3B 153 
39 >4.7 
35 n 7 
93 41 
25 184 

55 103 
45 10.4 
S7 159 
06 424 
4.6 «35 

32 15.7 

44 .. 

73 .. 
83 . 

37 215 

5.4 21 6 
37 125 
23 95 
4 6 2l 3 
52 167 

3 0 235 
4-4 ra 

. 771 
.. 64-4 
61 131 

4 1 102 

45 100 
43 .. 

4 4 60 
8.1 65 





• *5 

75 42 14 8 
IB 00 435 
SB 12 151 

J93 49 16 1 

35 IB 136 
..a 193 

10.7 16 II 5 

55 42 aa 


1.7 55 200 
11.4 44 126 

200 1.6 215 
214 7B226 

7.1 45 325 


2.736.000 LDH 
85 4o> tap 

2193m Land 

2560.000 Utwtrr 
209m La* (ArPnel 

5.933 On (jiecaie 
1302000 lamii 

4.1 20.000 Unread 
15 im Uoyd |FH1 

0 1 00.000 Locker m 
525m Lon MUBnd 
75-Om Lon S NOVI 
2712m Lor ma 
13 Im Lpnglon tad 
127 *m Lore A Bonv 
2i 6m Ml Hogs 
26 8m MS im 
6245 000 UY Dad 

49 lm Uacarffiys Pharm 
47 Bn Midarlana 

5.179 000 Madetam (PAW) 
15B5m McKBOinm 
E0K39OO Magneto 

276m M a nure H er SMp 
11.7m MongBMM arena 

6287.000 MarvreO (Uortey) 
135m Siarehtala Um 
BO 7m Uartorar 

5905m Meo> Bm 
295m Metal Ooeure* 

26 7m Ueatav 
651m MOCM Cats Medreo Somers 
S3 Tm Moan 
2750« Morgan Curette 
253ra Moss (nooarp 
ijiaooo Neepseno 

50 Jm NeiG (J) 

45.4m Newman tads 
604m N e w ma n Tores 
10.1m Norton 

3375m Noreros 
14S«1 OfkcB Bed Uacn 
312m Parker Kno« '*' 

49 tm Park Place 
6.766000 Prensn JT 
iXnEGm Paarscn 

2.123.000 Peek 
IS 9m PMrtaif 

190 0m PBgHr-HaTrenJey 

400 Sn Pvrtand tafl 

645m P hce o -Me 
890 6m Peunglon 
4.782 000 Plane Gonstr 
64 lm Pornt! 

1 52m Pt*tw ChaObure 

191 4B1 Pown Duffryn 

















































• *V 



• 45 






• ♦10 






• -10 

• *t 


• *12 




05 14 21.1 

79B 32 ?l5 
86 3> 105 
3.6B 56 6.7 
33 50 94 


32 38 15.8 
30 47 61 
36 57 183 
1 9 7.0 ga 

142 E7 115 

7* 11 JO 9 t 
55 25 224 

43 20 274 

135 3.1 14 1 
11 IB 25 218 

07 OS 160 

14 3-3 134 

136 a 6 182 
35 25 20.3 

2.7 4.7 10 ■ 
125 45 12.7 

45 40110 

8 6 13 234 

43 50 8.7 

23 25 8.7 
S2 4.7 90 
29 40175 

110 1 BUS 

27.1 35 109 

95 65 210 
32 43 12-7 

SI 80 68 
55 46 121 

113 0-7 9-5 

12.1 33 17 2 

4.7 36 145 

0.1a S3 168 
10.0 54 65 

1.1 31 545 

105n 76 113 
14 25S62 
133 45 12.7 

121 SI 97 
150 33 163 

as zs at* 



• *I0 

21 172 
.. .. S60 

9 On 7 3 16 6 
285 40 >36 
21 02 2*5 

♦ V 75 07 28 5 

• -S 193 45 275 

-2 40 47 149 

S *38 10 5 3.0 ISO 
*3 15 05 .. 

21 7 72 145 

6061COQ ASS Br Eng 8% 


is .. 

39 ** Pieshncn Hidgs 



06 264 

• + T 

■ +T 


20 365 

6* -tan Atrcra 


£7 3m RFD 


• -A 


90 207 

• -T6 


• *3 


39 12 2 

1250.000 ApttwB Matt 






20 . 

3610* 8tW> 


4.1 183 

21 8 

S87ra Ransoms Sans 



7.020 000 BETEC 

5.616 000 RanSIts (Ql Bmgai 120 



30 4J 

1.1742* Redon 6 Caknan 


• -7 


29 171 

135m RerSeem Ofciss 





27 tan Beet) Eeecuwe 




1.9 22X 

9 756X00 Besey (CKJ 

1.180 7* Rasa W 


• ++■ 


30 ill 



30 139 



1 0 

10 113 

6873.000 Restmor 




60 133 

1.486 4m Baumrs 




23*0.000 rtesmon 



21 1* FhearOO Eng 

* 1 

1X60X00 Rcrwro (L*csl 


• .. 

4.062 000 RkSwOKin West 


14 Ora Baawrra Cterke 

250m Rouertsor Bee 




30 150 

4 030 000 Beausaa 

Z7.7IT1 Roonson 315 



0385 Ora Berman 


• +3 


40 17 1 


• .. 


68 93 

1457 000 

41 0m 

21 Sm 

Russes (A) 



SO 11.6 
21 519 



«eaw Sate TUney 240 

153m Sarcmeai 74 

165* SevAe Goreon IJ) TO 
191 Jet StaOB J70 

2 6 2 m scan Greerereni l3i 
43 3m sere Hentatae its 
lSBm Scot A Rotwtaon <52 
5.194 00Q Saanca U7 

saari do •* 

101 9m Security Serv 

445m Sera Eng 

3.416400 SrWWi 
519m SdM 
3596m Srebe 
270* C e une iti a ii 
>734* Sknon Eng 
*99* Sa Hunta *0 
KM 4* Starch*? 

316 0m SKF B 
490.7a Smai A Meonere 
1 466000 Sirrah wiuneonn 
S)5^n Sms mo 
7 470 000 Speer |JVn 
■300* Spra^-Sereo 
7205 000 Stalls Pttaenes 
6 IDS 000 Sag Funiuie 
0321 000 SranOPd rve wo ma lea 
' ■’.POO " 














• -3 

• *2 

• *I7 

Siar Cemp 
907m Staretmi 
2S2B* Sieettey 
226* Srsnmn taa 
9 386 000 SexkUka 

4.474400 Srcnerus 
1271 000 Seitnen 8 Pitt 
44 001 Slinkgm Serv 
1623m Surer 
027 2m Swe Pacific A 
3637 no Syeanwe 
6540 000 Sytane 
Sirs* TT 
4105m TNT 
17 5* TSL Thre*oi 
as 4* t» 

SEMI 0» fauada Own 
2.989 000 Taswv 
11 Tta Tel»S 













5 n 













23a 65 7 1 
93 IS 145 

18 2* 37 6 

35 50 184 

I7J 37 115 
4 7 3.6 13.1 

4 3 24 155 

19 20 15* 

17 12 358 

1.6 10 312 

34 13206 

24 51 118 

39 12 63 

125 112 71 
183 2 0 176 

14 25 07 5 

121 43 9 7 

B3 75 12 2 
250 57 154 

33 28 70S 

04 1.1 250 

68 24322 

as *6(40 

76 4 1 117 

5 7b 45 7 7 

79 70 103 

S 5 3.7 12 6 


25 0 4 S >0 4 
IBB 40 14 D 

35 IS 767 
17 I 77 40 

6.6 105 03 
« .. 6 1 

129 62 12 4 

60 20 24.4 

14 3b 70 7£ 
186 IS 172 
.. B .. .. 

*3 23 96 

95 19236 


45 47 HI 

(Vca OigeGrass Ore 

as HI P T4 

From reset aenea % 

2044 000 
7.6*3 CCC 
52 77 COO 
>73 2m 
1 0J4 3m 
2S: ini 
662? 000 
6512. C0C 
9575 310 


11 Jm 
424 *m 
31 Bm 
14 6* 
40 8m 

•43 ire 
55 3m 
1.744 5m 
4 4’60C0 
8939 CC0 
<8 Cm 
55 3m 
SSr 1.005 
8084 HG 
573 5* 
1 4*0 000 
23T6 000 
0263 60S 
37 Jm 

7« HIM 
Tmrs M* 
lamwi T-W* 

TtCImitS IFH| 

TraMrear House 

Trenv asamar ai 

Tr a rweort Oe» 




Tumor a Newafl 



U'k'nrer NV1 

V«rgr P re ooBs 




w>M Roaenn 
uyagtar wd 
iMtWJ OMss 





wnamren f*amm 
WM tecroC 
wakes iJamrel 
WAans Megs 

wus Go 
woco lAimun 
Wood |5W) 
WTOdhOuse S Rut 
ttytfani Eng 
Yauns M 



*9 <30 


• .J 


20 122 

3< 5 








J 1 27.C 


■ ♦2 


6+ 81 



43 <6* 




SO 163 





71 587 



2 4 165 




31 67 




3< >96 




i5 2*5 



33 153 






2 7 <21 


+ 15 

16 6 

41 132 




6 0 153 



30 238 





. 670 



31 :4S 




5* 115 




1 6 161 



16 279 


• -1? 


*0 103 




33 99 


+ t9 


ia 27.6 


_ m 



50 ai 




69 157 



10 100 




79 aa 




40 ISO 




56 HO 



ZB 75 S 






• *•8 

rs 06 

06 17J 




5X 180 



1 Je 

30 1*0 



45 12 G 



36 U5 




20 2’6 




30 14.7 


1056 3m 
41 2m 
176 8m 
1279 5m 


1.485 S* 
1-160 B* 
5S im 
189 Sm 
3.M9 7m 
200 Sm 
2.0*6 4* 
1.023 lm 
17* 3m 
JJ54 8m 
41 2m 
697 3m 

ABbey Ute 
AM* t Mm 
Am Gan 

Com Uraon 
Eduoy A L*» 


Gen Aeodem 

Heath C E 

Hogg Robeson 

Legal A Gen 

Lmcon A Uan 

Lon tied In* 








Sedg-tot Op 
Stawac wyson 
Surge redgs 
Son Manor 
Sun Ufa 
Tram a<emney 

WAs Faber 




50 -- 




43 .. 








20 240 




50 .. 




58 . 


• ♦22 


38 .. 



01 A 

• ♦45 


39 205 


• +43 


4£ 25 D 


■ -19 


fil 85 




•5 14.1 




43 na 


a +24 


4 1 a 2 




&3 10 a 


+1 '• 




• ♦<* 


4 7 11 7 


■ •10 


43 189 








4 4 560 




47 . 




40 71 1 




46 100 


• +13 

IS 7 

*0 16.1 





• +5C 


3 5 510 




4T . 



2* 60 




30 190 




41 8m 
23 7m 
57 Bm 

8* Cm 

2000 300 
211 Bm 
29 Bm 
59 9m 


&3rr S WA A' 
Bonn 6 Haret 
Brent Walker 
Fast WA 

■ teHWa cer are 
Htaiaon TrevM 
■ra Leave 
John's reegs 

Lee tra 

Reaay Useful 
Ritey Lmn 
Sag* Mbtetav* 
SdrnuABon Co 
Tgitannam Hots 


• -I0 


63 9* 



.. 390 


• +e 





20 121 



51 103 


♦ 15 


23 190 



.. *60 


.. *4* 




54 SB 



65 ai 


• .. 


IO0 158 





58 93 


• +1 


38 130 


+ 17 


42 1S6 



.. 371 
40 14.1 








57a B 1 137 



37 140 


I Ang . 

10147m Are 1 
828 tan Am Seed 
4453m AAIT 
48 Wi AnOoveal 
463m Do 'A' 
85*00)0 Ayer fficam 

700m B/yvoore 

126« Bredren 
1361m Buffafs 
1.4332m CR4 
26 (bn Cart Boyd 
82B8m Com GcMbetoi 
1.41l lm De Basra 

12* Am I 

53 im | 

91> 6m I 
afjaooa ourtwi 
aim E 0B98 a* 

302.4* Etendsrena 

0032.000 B Ore 
302m EKBarg 

109.4m E Rand GcW 
113m E Rand Prop 

FS Corn 

1X29.000 Grew Tin 
16> 6m Gentwi 
S60.lm Gan M rang 
5518m GFSA 
420m CM KdtJOQrt 

7057.000 Gdoeng 

21 10a Graanmcri Rea 
220m GraonrW 
*1 7m Hantaan Areas 
1478m harmony 
224 0a Hareas 
3981m Johnmea 

1720m Knosa 

T24.7H) Kma 
120m Letts 

327m Lorame 
5025m tm 
860m Mateyean Mrmg 
1150.000 Manerate 
10*m Metsta Exp Mtangoe 
555m Ham m b 
M morco 

31.7m New Mo 

KLIn Nta Katgmt 



E37 1 . 

















£ 2 % 





























5* 0 76 ^ 
446 IIJ ,. 
271 El . . 
142 U .. 
142. 55 .. 
475 330 .. 
JE0 27.0 .. 
25-0 260 .. 
262 210 .. 



£5 350 EZ105 

+20 1E0 4 S .. 
*15 40 32 .. 

+'r 920 170 .. 

*>» 128 14.1 .. 

* V . . 


120 30 . . 
68 33 130 
14.0 14 0 .. 
2BX 10S 

*10 .. .. 

■Hi Gab 120 

■Hr 070 124 




480 60 
200 *1.7 

-3 5*0 27 0 . 

14 00 340 
*V 620 110 .. 
♦15 170 05 .. 
*3'r 345 64 .. 
+% 88.0 13.1 .. 

iHj 4CD 9.7 .. 
♦15 280 385 .. 
Hi 115 14.7 .. 




+S 170 243 .. 

+10 100 10 
.. 23.0 04 


+ 1 % 


£12 V •♦■* 



















4.5 42.4 
















. . 4 

1 .. 


• V. 




























K - <'] 





















\ . . 


♦ 1 

. . a 






237 7m AE 

1.33 2 6* 




A i mewaig 


BkmM Bme 


Br Aaraeoece 

& C« AUCW» 



175. Ok 

96* lm 


4. 1090m 
71 am 
12 bn 





102 * 


„ -try 
Dares {Godkayt 



ffl Group 
Fora Mokx 
Gates /Frank Q) 

Ooup Loan 








~ B 

f-J'X '- 1 

B ~ 1 


RH ' Y 1 

K- - ’: M 

§1 K 'll 

S f:a 

y .T . j 

-■*- ifl 

fT [Inj 

| f| 

pT vl-J 


r f 'jTj 

K ; B 



Oucfc (FU) 


WoaWkd (Jcnae) 47 


3.9TB OOO 
24 9* 


109 Em 
18 7m 

557 3m 
1* 1* 



Coon* (Wmj 
Do A' 

B4AP 'A' 
ii a y —a PuBeei* 

Home Gauaa 

ta depa n nera 
ftn Thoaean 

Tuny me 
UH Newspapers 












• .. 















11 1 







1 TA 







♦ 7 



11 1 






■ +27 









♦ 10 


1 7 



• +3 
















2565* An*** 
8035.000 Aran ~ 

5.000 Aran Energy ID 

— — Adanec BtQoum 12 
eXm & Patratew 97i 

164320* l . . . - 
30(7000 afeU OS 
14.9m Br Borneo 
■3720 Break 



466_ 80 U 

»-a 26's" 5.6 jt.b 

-2 180 112 40 

C— Or Cl’ga -Ftl* 0" 
ire; -- i» Pry 

•9 Em 
31 Tie 

15 *m 

S* 5m 
ij e* 
536 tan 

12. Cm 
52 7m 
57 4m 
13 322 7m 
67® i« 


16 Em 


45 2* 

IT 9m 
5> 3m 
aa 2m 
256 Sot 
>92 Sm 

Canaw Md 




Occk v ta 

Sec «>r 

3: Westan R*v 
C 3a 

*;* Tram 


R rye 



So r—my i 
7C E-mrr 

Trata- E^npa 

7 -Ha. 

i »•*■« 

3«rcr % PC 

1303 *7 UO 

33 63 US 

71 5SS2B 




727 103 48 


<4 4 1 120 




31 85110 

40 20.3 +7 

174 153 33 



1*3 as . 


as so ux 


£25 4 3 

500 80 75 


46 47 230 


m i 



7.1 114 20 




15.8 83 58 

Fray Venal 1 

Itod rW 
Ocaire Uacn 
Pamryon iaeri 
03 A 
ft«r Pae» 
&m* SarBy 
Sine. Bros 
Tazai Kamstey 
YuA ZtXt 



0 7 e 

14 IJ J 


• +J 


74 38 


• +1 


73 14 J 


• +19 


61 13 Z 


• ♦13 


65 311 

3 * 

• + ’r 


4 7 136 




63 121 




80 a; 




41 60 




41 69 




45 U 






AI !20 





• +2 

>G 4 

50 88 


292m Azaes Maaa 

55 3m Attach F«9* 
i2Jm Amccra tc 
*3 in Assoc Paper 

7466.000 M l va erg 
2C4m Banaosa 
465m Odua Massm 
*199m BPCC 
T.617.000 Bmran 
3384 000 Do By 
225.7m B«7W 
278 8m C ei ' m Zeerr- 
6455X00 Ctajror 

:■ tan Cry^om "Jamas, 
3235m ORG 
21 5m DCKKr Pvns 

15 6m Eucabsi43 
702m Feremoo « 
2;?m Resi Design 
125m Oean Grass 

16 >m Gc< Greanasi 
:34m Good flataors 
nan Hirarsrsn 

56 *m Lena «-5 C- E 

tOC 6m MeCcrcuMia 

Sl.iea M=re OFerreE 

412B MSTpn Opto 

7:02m Ooore 8 Mimar 
lJi730ca»M Peer 
94 ira St twra Gc 
859 9m Same* 6 Stftn 
123 tan Do 62*. Cr* PH 
344 7m 5mp*r iJttri 
4.426X00 Utter walker 
224m Vahn Psaen 
A.oecooo VMee 

91 im yA*5SJ5if» 1-r 

2&4m WajnouCh 
36 Bm W«K CgCb» 




1 7 227 






i> tai 


• *5 





. B? 




4 0 727 


• +37 


21 189 




5 9 327 



•0 414 




40 483 


■ re 


30 511 


• +*0 




• -7 


50 MX 




T2 16 S 


• -28 

11 B 

38 >35 




21 170 


• +10 

7 1 

17 7J 


9 .. 


40 15 7 






• *9 





4 1 

2.0 229 



40 362 




34 9> 




12 336 


• +3 


45 MS 


• +2 


4 8158 



18 130 




• 1 

i ' 38 7 




1.7 31 B 


• +20 


20 157 


+1 1 




• +6 


2.7 . 


• . 


50 96 


• . . 





. HS 




4 1 17 i 




17 12 b 




10 25 7 


■0 3m 




16 4* 

ifC On 
SO 4m 
134 6m 
2X50 3X 
30 5m 
97 Cm 

38 Jm 


tu Cm 

13 7m 
9 488 C00 

18 5m 
21 Sm 
36 7m 

273 !Bl 

578 fim 

IT Dm 

21 7m 
1.600 BOO 
73 Cm 
S3 9« 
7J 9* 
24 9m 

14 6m 
96 am 

9.41 9.000 

52S0 000 


Aerni iX" 


Ar«p=n Sacs 



&■ •-arc 

C+73 lAi aScns 
Ctt A Ca.-tas 
Caron Pno 




Ca*a NOSH 
Carcrpl S«3 
Scvra ry 6 mew 
Cocrey B 


Estasas I Agency 
Eswas Gen 
Eatne* Poo 
E*ansD> Leads 
Fagama Homcg 
Fre e Oaks 

Fregn Hire 

xuvreod Os 

Do 'A' 

• Prep 


Land Saeuraes 
Lon S Fan Tv 
Be 5 .V 

Un 6 Pte» Sncp 

um Shcp Prop 


>2 tan 

87 4m 
SO 7m 

Mcnay Sacs 


MaraOM Mocra 
Maner ESI 
Muaoore (A&J) 


Pnas Manana 
Pico 8 Ra» 

9m Prep Sadefly 













1 95 


































O0n 05 9*3 
2 0 25 192 
29 3 7 163 
24 13 

60 56 79 
17 1 82>39 
klO 154 27 195 
-2 4-3 24 146 

• -S a: 49193 


• *5 

• ** 





• -6 
• *5 

• +16 

• +29 


• *I3 

• *5 

• -5 





15 b 





37 215 
1 1 

4 * 17.1 
35 188 
53 259 
20 2*0 
23 772 
33 5 1 
3.6 5*4 
2 7 14 7 

43 2.7 709 

26 31 238 
1£l 71144 

50 *7 132 
47 8.7 151 

101 £2 122 

94 50 225 
3.1 10 72J 

136 30 28 5 
136 30 310 
50 2J17J 

IS 1 48 123 

7.7 26 351 
20 IS 131 
100 31 >6: 
17 25 *26 
140 4 2 22.4 
T3SB 1 7 237 
3J 19 
07 25 232 
7.6 *S 186 
iO* 3.1 233 
107 *5 223 

*0 *3 195 
3.10 65 217 

H oeef i mrii 
Rush 6 Tornmna 
Sew Um 
Steutfi Ess 


Stand Secs 

Twm 1. 

TrnHwtJ Park 
UK Land 
uw Real 

Wet* (Jos) 
Warn S Quay 




19 1B0 




10 410 




10 4*9 



14 JB 

16 129 




1.1 103 


• ♦3 


70 156 

£19 V 


09 382 



1 7 

£1 352 




4X B0 




4* as 




• +8 


20 300 


• .. 


30 210 






a? .. 


• .. 

ix a* 



1 1 

02 . 


• +2 

43 112 



14 *09 




62 218 




44 IB 1 







3* 115 




25 333 




70 153 





30 258 



30 334 




4-4 19 7 





68 98 





8 . 000 m 








Assoc Br Pons 
Br Cn m m onre a ulU i 

gshm (Jnm) 

2S. ,0) 

tlonay Dirts 
Ocean Transport 
P A O Dfcl 
Runoman (WaBar) 
Tumbid Scon 




23 16.7 


• +3 


28 a* 


• -10 


20 440 



70 110 



30 2*0 



6.7 580 

.. 0* 



.. 30 




40 94 




40 148 


67 167 



34 300 

156m FB 

149* Geras- Bootb 
1J797X00 I 



8 Fitter 



28 127 


• 11 


90 96 


• .. 


>8 BOB 



40 104 

1 re 



68 230 




52 7.4 




7.6 68 




25 313 
















AflUns Brer 

Beale Moon) 

Beckman (A, 

Br Monas’ 
Sumer 6 Lamb 



_ (John} 











66 .0m 



178 tn 






s£v w 








• ♦20 














• + 17 


+ 18 





-2 - 


• -1 


• -a 






a . . 




• .. 


















• +3 






• .. 




• ->0 

93 33 
too *4 
50 47 
22 2 * 
26 26 
71 72 

57 70 

90 33 

21 13 

&S U 

46 2.7 

57 170 
50 TA 
70 70 
.. b .. 
30 24 
40 21 
24 3.7 
20 48 
04 05 

22 10B 

60 S3 
. . a . . 
29 *9 

23 U 

7JB 50 
84 48 
89 E6 
38 23 
79 43 

28 47 

5.7 57 

<00 21 























11 1 
14 5 
12 * 


5.7420m BAT 
2022 1m impanel 
371&B n pl taam is "& 



+15 173 AS 101 
. . 13.7 37 117 

+1 9.1 22 51 

^. aU b ro,8ca « «*«tan d 0 InW 


‘’JPxcml \Q& 

Dail ' 5!Ss, t 

. J . — 

- 1 

- *• *• » . ' 

! , 'v; 


■;. •I? fe’ 

■■:, *• h 
«■ , * 

Kr •* v 

- '6 


A cop* of dih docoment, nfeiefc conpriu* bstfag particular* mdi regard » Mogul Grenfefl Group pk fa accordance utth The Stock Eachmw (Itsoogj Regulation 1984. has been defaewd far registration to tfaeRcgntnf of Companies enquired b» thaw Regulations. 

The Daegonfaf MwginGimfell Gray pic. whose ana appear in this d omromi . aw die person reymabfa fa* the mlomutiaa cooumcd « ite document- To dreboia' dre taro*lcdgea«rib«MoffeDire«oni»h&hatctakBiantwsanibfeMreta«i»iireih«siichBflwt^i,dreinfoiiBaraMra«*inMmvhi>^^ 
docs not BTOh anrttopp bfaK IQ affect At HUB! of Mrh mfnrnm Ml Tl«» rVy— ^ -nrftmnh- 

ll It any pfTiWiaiwdfdTg Unjued Kingdom wefang looubf an appjkaoofl hcTrmxlcr to satafv fagaeVat tnfiillobaefYAiyc ofthc Ws pi am relevant term on fa caaa tcnan therewith. mefadeg ibe obuaigw of any gotenanc m al or Other coraertB or the reenphanre with «U ntwun formalities, and to par ant rnut. trader or other uses 

due a an * Midi tonouv. The umtwn of persons »ho areaudmub, ettbsena or residents of oawno am i ik thr United Kingdom b drum to paragraphs ifi and fgi of “Terms and noitim of jpplujiwn - befou 

- j i . - * >'*■ 

"■* , ' : 

.■s ■’ „ 

:y£r <SEAS 

i~ ■? 'i 

-. M 

■* 4 



(Registered in England No. 1032332) 

Offer of Ordinary Shares by Tender 

Offer of 32,000,000 new Ordinary Shares of £1 each at a minimum tender price of 425p per 

share, the price tendered being payable in full on application 

Sponsored by Cazenove & Co. 

Underwritten through Cazenove & Co. and Morgan Grenfell Securities Limited 

Introduction of 12,000,000 1 1 14 per cent Cumulative Preference Shares of £1 each 

AffbcuiMi hat heat made to die Council of The frock E at fa mge far all the estnl 1 1 Vi pc* rem. GmnjUbvr Prefe rence Sham and thr while of thr ordman share capital of the Company, nmed and nm beng fa* admitted to the Official Lisa. The Application tin for the im ordman foam u ill open ai 10.00 am. mi TViurvity. ’t<th June. 1985 and 
■nn be doted Many time thereafter. The pwotifaf fera ppli ca n oaaad an ap p li ca tio n tain for tbe new ordinary shim arr »o om-ai the cad of tfas document. b h opened that admission of the ordinary shares and the 1 1 V. per era. Cumulative Preference Sham to the Official List will cate place and dralmgs will ranrorocr on Tlumdjy . )rd juh. 1985. 

. Key information 

The foflon-mg information should be read in conjunction with the fuD text of this document. 

Morgan Grenfell is a jncreham banJrir^* group with operatio n s in the UK and overseas. Tlie 
three principal subsidiaries are; 

'• Morgan Grenfell & Co. limited, which is a member of die Accepting Houses Committee in 
London and provides investment and commercial banking and other financial services to 
■ UK and overseas d/estts . . 

• Morgan Grenfell Asset Management Limited, which is responsible for investment 
management in the UKand internationally 

Share capital following the Offer 

including research, sales, distribution and market making 

Financial record ". 

Years ended 3 1st December 

• 1981 . . 1982 1983 1984 1985 

Profit beforttaxation £ million 20 l2 . 26.6 33.8 46.4 . 68.9 

Earnings per ordinary- ^hare p 13.7 19.0 22.3-. 25.2 36.0 

These figures, which are extracted from the Accountants' Report, are stated on the 
basis that transfers to undisclosed reserves had not been made. In future die Group 
wiH not mate such transfers. 

Profit forecast for six months ending 30th June, 1986 

The Directors are forecasting profit before taxation for the six months ending 30th June, 1986 
of 'not less dsn £48 million and earnings per ordinary share of not less dun 25.4p (fully 
diluted — 23.9p). Attention it drawn to the context in which the forecast is made which i& 
described under “Profit forecast and prospects’' below. 

Offer statistics at the minim nm tender price 
. Msumum tender price . 

Ordtiury shares in issue after the Offer 
Market capitalisation 
Historic price earnings multiple 
Historic gross dividend yidd 

. Pro-forma net tangible assets per ordinary share after die Offer 
Estimated net proceeds far the Company 


£640 million 

11.8 times 

2.8 per cent. 

£131 mfllion 


(ai The huroric price em u pp multiple is bwd on earmngs per ordnun- s bait, tor the year ended 3J si 
. December. |9&».»*« oflt in the Acccunuws' Baport. . 

fb) For farther fafomutron on the bask oa wfakh the hMtorie grass dividend yield is c al enta ted. tee 

(cl Pro-ftmna net tangible assets per ordinan dsm aftv the Oferarehated on die pro- forma eonsoiidatdn« 
ungfote assets asset out in the Accountants' Rcfon*. 

The historv of Morgan Grenfell dates from the late 1830s when George Peabody, a 
m erch an t from Boston, Massacbusset&r sec up m business in tbe- Gtv of London. Peabody 
imported cotton and tobacco from, and exported textiles and manufactured goods to, the United 
' States. The financing of trade by bills drawn on London led to the. evolution of his- business into 
that primarily of a bank granting trade credits, in 1854, Junius Spencer Morgan, also, from 
Massachus&etts, joined the partnership', in 1890 his interest passed to hts sen j. Pierpont Morgan, 
who was the founder of J. P. Morgan & Co. in New York. 

. The hnk with the United States was further developed during the nineteenth century as 
the firm began issuing railroad arid other US securities^ in die London market. Other banking 
transactions, included loan issues tor Chile, Argentina and Spain and an issue of a £10,000,000 
war loan for the French Government m 1870 when Paris was andersege. From January 1915 to 

market. Other banking 

war loan for the French Government m 1870 when Paris was ander sege. From January 1915 to 
August 1917 the greater parr of the British Government’s purchase orders tor war supplies and 
related loan ted exchange transactions with the United States, were channelled through the 
partnership to J. P. Morgan & Co-, who acted as the British Government’s Purchasing and 
Financial Agent , . ‘ . ; ;i . '■ - 

The name, of the partnership became Morgan, Grenfefl &'Xo- In' 1950 when Edward 
Charles Grenfell was the-senior partner. in London. A change in- American Innlor^ law- in 1933 
precluded .the American partners from taking part-in the management of the business of Morgan 
Grenfell subsequently became a limited' liability company with a 'one-third mmority 
shareholding retained by J: p. Morgan & Co. The connection «nkd in .1982 On the completion of 
the safe of this eqoitr interest ; 

After the First World War, Morgan Grenfell's domestic business became increasingly 
ttnportanx. It increased Its im ofrement wirii industrial and commercial undertaldi^s, through the 
acceptance of hillsof exchange and as an issoir^; house. 

• hi the years after the SKdnd World War, the Bank hddcEeadu^ positicxiln the new Issue 
market and acted in relation tO tbe <fe^ nationalisation of the. majority- of the British steel 
companies. U played a major part in undenvrim|; debenture and loan stock issues he many 
. industrial companies. Durrag''tbe : :-396CB, the' Bank’s corporate finance business became 
increasingly involved in mergers ; and acquisitions- The Group aho developed ns imestroem 
man^onent business for corporate pension funds and entered die field of leasing. Thereafter the 
bosiwas developed in two principal ways, A huger and more effective banking capability was 
created and the Group greatly extended die. range of. its international activities and its presence, 
overseas. ... 

During the late 1970s, deosi&rfi were taken to mcnase the -resources devoted to corporate 
-finance, investment .management and thr eurobond market. In recent rears, die Group has 


75tUXX) 4 pa- cent Cunuhtiie Redeanabie Preference Shares of£l etch 750,600 

250,000 6 percent CumiUinr Preference Shares of £1 each 250.000 

12^00,000 111''* per rent. Cinnutime Prefrnsnce Shares of 11 each I^jOOOjOOD 

6.726J087 5 percent. Qanubthc Convertible Redeemable hefc re nce Shares of £1 each 6,726^)87 
209,825,506 Ordinary Shares of £ I each 150^92,490 

Following the Offer, die onfinny shares now being offered wiB rank fa fell for aO dividends and other 
dtotintmi declared, made or paid on the crdfaair shares of the Ccnpn:. 

A nnin of die rigbs auaching to these daws of shares giving details of their dh idrnd rights A *« out in 
pangiaphs 2(a) to (g) of “Memorendum and Articles of AsaocntiofT Mow. The table exclude* jhahneirg 
sbwe which has arisen pursuant m convsxswn of 5 per cent Cmmlath r Com enfole Redeemable Prefereflte 
Shares, de t a fc of which are set om fa paragraph 2(e) of ‘Meroorandum and .Articles of Assodanon" and 
pa ragr ap h Itdxcoof “Further infonnation’' Wo«. 

Issued and 




Loan ca 

At 6«h June] 1986, the o utstandin g loan capital of the Company and its subsdiaries. afi of winch eras 
unsecured, was as fallows: 


Ctatth giaUet loans 8IA per cent, repayable 1978-87 1.581 

US dphriinerifag loan repayable 1991 6.649 

US dollar loan reparable IW2 . 6^49 

US Doflar Floating Rare- Notes Due 1994 33J45 

Sterfa^g loan J 5. 3} per cenL repayable 1994-95 7.444 

5 per am. ComertUe Unsecured Loan Stock >996 14.419 

Amounts of loan capital denominated fa foreign currencies bare beat translated into sterling at market rata 
of exchange ruling on 6ch June, I9S& 


“Company Mregan Grenfell Group pic 

“Moron Grenfelr or the Company and as uibudarie?, indudfag, where the requires, 

“the Group” their predecessors in business 

“Bank" Mc/rgan GrenkU & Co. Lirrated 

“MG Asset Management" Morgan Grenfefl Asset Management Li mit e d 

“MG Securities'* Morgan Grenfefl Securities Holdings Limited 

“Directors" the Directors of the Company 

“ordtoaiy shares" Ordinary Shares of £ I each in the Company 

“new ordinary shares” the 32JMOJOQO new ordinary shares the subject of the Offer 

“Ofier" the offer by tender of 32J0OO.0QO new ordinan- shares set out in this 


“Capitafoatiao Issue” theooc for one ap tf aha n o o isatr of ordtoary shares pursuant to the 

^*dil resofation wfeted in in par^raph tie) of “Further information" 

and certain institutional investors purchased shares. The subsequent rights issues and placing of j. 
P. Morgan's interest provided the opportunity to introduce additional institutional shareholders. 
Prior to the Offer. 30 major shareholders, including Willis Faber p.Ix., The Prudential Assurance 
Company Limited and Deutsche Bank A.G.. owned approximately 85 per cent- of the issued 
ordinary share capital, the balance being owned by present and former Directors and employees 
and their families. 

In anticipation of the forthcoming changes in the UK securities industry, Morgan Grenfell 
is aiming to enhance its position as a financial services group by becoming a significant participant 
in the securities markets. The Group has acquired the businesses of Pinchin, Denny & Co, and 
Pember & Boyle (respectively stockjobbers and stockbrokers) which art bring integrated w ith the 
Group’s existing securities business. This activity is complementarv to the Group's position as a 
leading underwriter and issuing house. 

A reorganisation of the corporate and management structure of the Group was initiated in 
Aurumn 1985 against a background of growth in the Group's existing activities and the plans for 
a substantial cotranitmeru to securities trading. The reorganisation involved the separation of the 
operating management of the barking, asset management and securities businesses. These 
businesses are now conducted through three principal subsidiaries of the Company, namely 
Morgan Grenfefl & Co. Umited, Morgan Grenfell .Asset Management Limited and Morgan 
Grenfell Securities Holdings Limited, together with the overseas subsidiaries. These businesses 
are described below. 

Description of the business 

Morgan Grenfell & Co. Limited 

Morgan Grenfefl 8t Co. Limited is a recognised bank and is a member of the Accepting 
Houses' Committee and the British Bankers’ Association. Together with the overseas operations it 
provides investment and commercial banking and other financial services. The various divisions 
of ibe Barit work closely together in dmimstances where co-operation and the exchange of 
expertise and ideas can enhance tire service provided to diems. . 


Directors and advisers 

Lord Cano Chairman 

C. R. Reeves Ofpun Chatman and Gmtp Chief Exmntt 

Sr Peter Carey. G.C.B. 

Sir Kenneth Durham* 

B. N. A. Hardman 
G LL Law 

G. M. Nissen 

D. V. Palmer* 

Lord Pennock 

C. F. .M. Rawlinson 
Sir John Sparrow 
G. R. Wafch 
CM.J. Whittington 

all of 23 Great Winchester Street. London EC2P 2AX 
*Non-executive Directors 

John Bariis. Sohator 

Secre can- 

achieved a leading position in the UK as a corporate finance adviser at a time of considerable 
activity in take-overs and mergers and bas successfully expanded its inv e stment management 
operations, particularly with overseas based clients. These factors have resulted in a significant 
increase in the Group's reputation and profits. 

The recent expansion of the Group’s existing operations and its commitment to new 
markets have been aided by the raising of new equity capita] through rights issues in 1978, 1981 
and 1984 and the subscription of a 4.9 per cent, interest by Deutsche Bank A-G. in December 
1984. The shareholding base had begun to broaden from the mid I960* when Willis Faber pJ.c. 

Registered office 23 Great Winchester Street. London £C2P 2AX 

Sponsors and Cazenov e & Co. 

joint 1 2 Tokenhouse Yard. London EC2 R 7AN 


joint Morgan Grenfell Securities Limited 

stockbrokers 23 Great Winchester Street. London EC2P 2AX 

Sohritors to the Slaughter and May 

Company 35 Basinghall Street, London EC2V 5DB 

Solicitors to the Freshfidds 

Offer GrindaU House, 25 Newgate Street. London EC I A 7LH 

Auditors and Spicer and Pegler. Chartered Accountants 

joint reporting Friary Court, 65 Crutchrd Friars, London EC IN JNP 

Joint reportiig Peat, Marwick, Mitchell & Co., Chartered Accountants 
accountants ) Puddle Dock. Blackfriars, London EC4V 3PD 

Registrars Lloyds Bank Pic. Registrar's Department 

Goring- hv-Sea. Worthing. West Sussex BN 1 2 bDA 

Receiving Lloyds Bank Pic. Registrar's Department 

bankers Issue Section, P.O. Box 1000. 61 .Moorgate, London EC2R 6BL 

Corporate Finance dinsioa 

The Corporate Finance division is one of the largest and most active in the City of London 
and provides financial services to domestic and overseas clients. Those services comprise: 

• advice on take-overs and mergers 

• provision of finance for take-overs, mergers and acquisitions through securities underwriting 

• raising funds through securities issues on The Stock Exchar^e, and also through private 

• advice on obtaining listings for L1K and overseas dienes on The Stock Exchange 

• advice on acquisitions and disposals of businesses, including identification of vendors or 
purchasers and negotiation of terms 

• general advice on financial matters 

Growth in the divirion's business over the past five years has been substantial, reflecting a 
high levd of Stochnifket activity and an increasing diem base. For example, the 198) 82 edition 
of Crawford’s Directory of Cin- Connections recorded Morgan Grenfell as having 98 UK 
corporate dients (inducing joint advisory positions) compared with 143 in the 1986 edition. In 
1981 financial advice on specific matters was provided to 100 clients; this had increased to 163 
clients in 1985, of which 31 were overseas corporations. 

Hie table bdow indicates the growth in the Corporate Finance division's cransaction- 
rdated business in recent Years. 

Yeats ended list December 

51st Mai 







Number rfuansattims 




SI _ 



Aggregaie value ibSkm 

Number of executive* * 







at end of period 







Trimactn» induM Ax*e campn* tJne-rum tnt 5 mrrgm iwhnhrr kting for the o&ror or OferreL 
acqufatkxn and dapcaab, rgfm uwn, Sotjtwm, pfeefags «] primary underwriting m pmatBauaos. The {mutual of 
gratsd adore on financial nuttm a not tariudrd. A transaction Vs included m thr period m whidi n was completed. 
Some trausartions hare therefore been mtiuded m thr above table in period, ufach dufer from rliou- in which die 
appfaabfe fees and ererumsm have been broo^n into die Group' , huikuI acccunu; the rrin am number and vaJo# of 
mh tnasacuxis b not material In -thr case at aJce^»«n and mergers, uhich mdutfe sueeessi'u] and lapsed often and 
raaacnOQi uhwe the Bank was * jam adviser, the rah value ukm is die total nfar of die final offer, lu the at* of 
Boutfaas, pbangs and underuritiiap m pmatisatjons. the value included is dut atuibuuNe to the setuntin offered, 
placed or under w ri t ten W the Bui. as appttafclc; leair^s which did nttt mvtdvf a maikrtti^ of trairitin. such as 
fandnetieo* to Hie Suck Exchange, hair nra been Included. 




•* • •*" 

Thr Bank Is onr of ihr leading advisers on UK lake-oven and metgers. Advice is given to 
offeror and to offeree companies, m contested and reco m mended offers. Over the period covered 
by the table the greater part of the division's revenue has been earned from take-over, merger 
and acquisition activity and recently ir has benefited from a number of very large transactions. In 
i**S6 the Bank has been involved in two uke-overs in which the aggregate consideration offered 
totalled 14.8 billion. 

As well as providing advice on strategy, the Bank frequently plays a role as principal to 
assist its clients in take-overs. This ukea two forms. It underwrites securities to provide a cash 
alternative to offeree shareholders, which in recent years has been an important element of offers, 
particularly where they are contested. In accordance with its normal practice when acting as 
primary underwriter, the Bank arranges sub- underwriting by institutional and ocher investors. for 
substantially all of the primary underwriting risk. Over the period coveted by the table above the 
Bank underwrote a total oi £8.6 billion of securities in take-overs and mergers, counting 
separately underwriting carried out in initial and revised offers, of which £3.9 bill ion arose from 
the two transactions referred to above. In addition, the Bank will, where appropriate, commit 
funds bv carrying out market operations in order to support particular bid tactics. These market 
operations are usually carried our under arrangements whereby profits or losses are attributable 
to clients. Guidelines recently introduced by the Bank of England limit the amount that may be 
committed to each such operation by reference to the Bank's capital base. 

The Bank's position as a leading primary underwriter is also illustrated by tbe number and 
value of rights issues in which it has participated. Between 1st January. 1981 and 31st May, 1986 
it underwrote 36 issues to raise over £1.6 billion. The Bank has also underwritten shares issued in 
several substantial vendor placirgs and in a high proportion of the offers in H.M. Government's 
privatisation programme. As well as acting as adviser and issuing house In offers for sale, the Bank 
is active in arranging placing! of securities with investors to raise capital for private companies 
and venture capital funds. It also sponsors the introduction of overseas corporations to The Stock 
Exchange in London, which in the case of a number of European companies has Involved a 
placing of securities. 

The division provides advice relating to acquisitions and disposals of private companies, 
subsidiaries and divisions. Advice is also provided on capital reorganisations and reconstructions, 
investor relations and company valuations. There is a team of executives who research on behalf 
of clients into businesses which are or may be available lor acquisition and into buyers for such 
businesses, as well as a team specialising in taxation matters. 

Banking and Capita! Markets dinsum 

The Banking and Capital Markets division provides a range of funding services, principally 
in die area or debt finance. These services comprise: 

• managing and underwriting the issue of fixed rate bonds, convertible bomb, floating rate 
notes and equity in the international capital markets, and of sterling debt securities in the 
UK market 

• interest rate and currency swaps 

• arrangement, syndication and provision of term loans, acceptance credits and note issuance 
facilities in a variety of currencies 

• lease finance and UK local authority project finance 

The division was established in its present form during 1983 as a result of mergers of the 
Eurobond division, pan of the International division and the Domestic Banking division. This 
reorganisation took place against the background of far-reaching structural changes in the 
world's banking and capital markets. These changes have involved a significant increase in the 
importance of tradeable debt instruments and associated financing techniques at the expense of 
bank lending, together with an increasing level of competition and pressure on margins. The 
division is organised so as to cover various product and marketing areas and aims to identify 
existing and potential clients' requirements and to ensure chat these are met by the appropriate 
specialist groups. 

Over the past five years the Bank has established a significant capital markets business and 
has materially increased its share of the eurobond issue market. Competition in the market is very 
considerable, with consequent pressure on profitability. Therefore, as part of the Bank's primary 
market activities in a range of currencies, it has pursued a policy of developing significant market 
share in euros terling issues, specialising in equity linked business and placing an emphasis on 
innovation. In 1985, the majority of the Bank s lead management positions were in eurosteriing 
. and bulldog issues. During the first five months of 1986 die Bank ran the boob for 14 issues, I i 
of which were eurosteriing for a total amount of ov er 41 billion, representing over 25 per cent, of 
the value of all ourosterliiuj issues in that period. 

The division has devoted substantial resources to the development of its business in 
interest rate and currency swaps and in recently introduced related products such as futures, 
options and interest rate caps. In addition to the team in London, a team has been established in 
New York and the Group’s offices in Singapore, Tokyo- and Sydney also have personnel 
specialising in sw aps, enabling the Bank to offer a swap capability in these markets. The Bank has . 
recently expanded its position-taking and hedging capabilities in US dollars and sterling with a 
view to supporting an increased few of activity. 

The lending and related banking activities of this division represent an important part of' 
die Bank's business. These activities include the provision of corporate loans, acceptance credit 
facilities, local authority project finance and leasing finance. The division is responsible for a 
portfolio of such assets which, at 3 1st December, 1985, included £464 million (sterling 
equivalent) in loans and advances, including off-balance sheet transactions, £406 million in 
acceptance credits and 11 57 million net Investment in finance leases. Thr division also arranges 
specialist financing such as take-over related finance, tax based loans and syndicated transactions 
including multiple option and note issuance facilities. In the first five months of 1986 the division 
arranged some £2 billion of facilities for such specialist financings. Whilst reduced UK tax 
benefits for tax based leasing are expected to result in this area of finance becoming less 
important in the future, the division is developing its expertise in international leasing, non tax 
based forms of asset finance and aircraft finance. The Bank intends to participate in the new . 
sterling short-term paper market. 

Trvasun- diuston 

Thr T reasury division is responsible for managing the deposit liabilities of the Bank and its 
liquid assets and domestic and international money- market loans. The division conducts as 
principal a wide range of trading activities with central banks, government agencies, private 
sector and nationalised banks, corporations and other institutions in the UK and overseas. .As mil 
as trading with its own customers, the division's expertise is available to assist clients or other 
pans of the Group. The division covers Tour principal market areas: 

• foreign exchange 

• sterling domestic money market 

• eurocurrency money markets 

• financial futures and other off-balance sheer 'instruments 

In foreign exchange, . the division deals in the spot and forward markets in major 
convertible currencies and is a market maker in spot sterling, Japanese yen, deutschmarks and 
Swiss francs, and in forward sterling, all against the US dollar. 

The Bank takes sterling and foreign currency deposits from the London money and 
inicr-bank markets and from other sources, primarily corporations, and issues certificates of 
deposit Al 3 1st December. 1985 deposits with the Bank amounted to some 42.2 billion, of which 
about SO per cent was denominated in foreign currencies. The division trades in sterling and US 
dollar certificates of deposit, gilt-edged securities, bankets* acceptances and local authority 

The division enters into traded futures contracts and deals in off-balance sheet 
instruments, namely currency and interest rate options, short-term interest rate swaps and 
forward rate agreements. These markets and instruments are used both for trading purposes and 
for hedging the Bank's exposures created as part of the increasingly sophisticated financial 
services prov idrd by other divisions to their diems. 

The Bank's Treasury division consults with the treasury operations of overseas subsidiaries 
in relation to funding and trading policies. The division's personnel have frequent contact with 
the Group's team of economists, who analyse developments in the world's economies and 
financial markets. 

International dinstcm 

The International division has four main departments: 

• Export credit and related commercial banking 

• Southern Europe 

• Energy- and Project Advisory 

• International Public Sector 

The division's expertise in these areas is often combined with and complemented by the 
knowledge and experience of local operating conditions contributed by- die Bank's overseas 
subsidiaries and representative offices. As weU as playing a part in the execution of transactions, 
the overseas subsidiaries and offices assist the division in seeking new- business. 

The Bank has traditionally plaved a leading role in financing UK exports of capital goods 
and services through the Export Credit Guarantee Department. A substantial majority of loans 
handled by the division involve advances guaranteed by ECGD or similar agencies in other 

countries but sometimes direct exposures are taken, mostly in relation to export credit 
transactions. Morgan Grenfell has recently introduced the re-funding of guaranteed export 
credits through the international capital markets. 

The Bank has recently set up broking operations in forfaiting and asset based finance and 
Has expanded its role as an adviser on trade finance, in particular to trade debtors and creditors 
on the problems facing a number of countries. In addition, the division's experience in Middle 
Eastern countries has led to an increase in the number of assignments to advise overseas 1 based 
contractors working on projects in those countries. 

The Southern Europe department's activities in Italy, Spain, Portugal and Greece comprise 
arranging export finance and other banking facilities. In addition, the department works on 
transactions with the Corporate Finance division and the Group's presence in Southern Europe 
should allow advantage to be taken of the increased corporate finance activity which b expected 
to arise in those countries as their domestic securities markets become more sophisticated. 

The Energy and Project Advisory department advises on the financing of capital proj e c ts 
and on acquisitions and disposals in energy related and other resource based industries. Activities 
in the UK have concentrated on services for the ml industry. The department has also 
participated in private sector proposals for government initiated projects, notably the 
cross- Channel link. Internationally, the department’s activities have included advice c» the . 
financing of a major participant's share in die North West Shelf gas project in Australia and it is 
currently advising a number of governments or governmental agencies on matters relating to 
resource industries. 

The International Public Sector department provides advice for international agencies, 
governments; state enterprises and governmental agencies on external debt and fund raising 
strategies and other financial planning matters. In 1985, the department advised gove rn ments or . 
central banks in 15 countries. 

Loans and advances (including Joans guaranteed by KM Government) for which tbe 
division is responsible totalled over 4720 million (sterling equivalent) at 31st December, 1983. 

Morgan Grenfell Laurie 

Morgan Grenfell Laurie was formed in September 1985 by the merger of Morgan Grenfell 
Property Services Limited with the commercial surveyors and estate agents, .Michael Laurie & 
Partners Limited. The Group currently owns 53.5 per cent, of Morgan Grenfell Laurie and has 
options to acquire the balance over a period of years. The. business operates from offices in . 
London and New- . York and its services include property asset management and advising property 
unit trusts as well as advice on the valuation, sale, letting and acquisition of commercial 
properties for occupation, investment or development 

Morgan Grenfell Asset Management Limited 

Investment management represents a major activity oS the Group. A discretionary 
management and advisorv service covering aQ the world's leading securities markets is provided 
to over 300 UK and overseas institutional diems and to private investors. 

Investment management services, which are the responsibility of MG Asset Management, 
are now provided through the following specialist operating subsidiaries: 

• Morgan Grenfell Investment Management Limited undertakes the management of funds in the 
UK domestic securities markets for UK pension schemes, charities and private clients 

• Morgan Grenfell International Funds Management Limited <“MG1FM“) handles investment 
management in international securities markets for UK and overseas clients, including 
Investment advice to Taiget Group PLC (‘Target'*) 

• Morgan Grenfell Investment Services Limited (“MG1S”) is le gis t e re tl as an investment adviser 
with the US Securities and Exchange Commission and specialises in the management of 
international assets mainly for North American pension funds 

Two overseas subsidiaries were established in 1985: 

• Morgan Grenfell Capital Management Inc. intends to provide fund management services in US 
markets for US institutional clients 

• Morgan Grenfell International Asset Management Co. Limited has commenced business in 
Tokyo as an investment adviser to Japanese and other clients investing in Japanese assets 

Details of funds under discretionary management, together with the funds attributable to 
die investment advisory contracts with die Taiget group, are set out below: 

UK pcnjkm funds 
Chorines, UK private diems and 

MGIFM (exdudiag Tuget funds and other 
irate trujn eoct investment mms) 

Taiget funds and other inn truss and 
investment trims 


■tndwhs LIJ047 rafflkm of funds managed by Pouter & Boric, tbe burinos of which was acquired by die Group 
In April 19B6. In ratne caws these buds are managed joauh and the pro nta share of the idcron grow amount* has been 

Funds In vested in noo-mrling denominated aiaca hare been translated in to sorting at market rates tiding at thr 
dates shown. 

The i n crease in funds under management is attributable to a number of before, including 
rises in world stockmarkets and appreciation of certain currencies against sterling, in addition to 
funds received from new and existing clients net of funds withdrawn. Funds under management 
were increased in April 1986 by pension funds managed by Peraber & Boyle, which are included 
of the table above. As weQ as pension funds, captive insurance companies, UK and overseas 
corporations and private investors, clients indude governments and governmental agencies, one 
of which has had funds managed by the Group for longer than die period covered % the table 
and accounts for a significant amount of the total funds under managexnent- 

The Group has an established position in the management of UK pension funds and has 
successfully expanded the international dement of its investment management activities. A 
recent independent survey ranked MGIS as tbe hugest non-US manager of US pension plan assets 
invested outside the US. MGIFM has a significant position in fixed income management for 
captive insurance companies. 

The Group is involved in the UK personal savings market through Us association with 
Taiget, which is one of the larger unit finked life assurance companies in the UK and which 
specialises in marketing a variety of personal savings and pension plans. In addition to an equity- 
interest of 19.9 per cent in Taiget, the Group has since May 1984 had investment advisory 
contracts in relation to the Taiget life funds and authorised unit trims bearing the Taiget name. 
These contracts are for an Initial period of five years. 

The Group manages two listed investment trusts, Anglo-American Securities Corporation 
PLC and North A dan tic Securities Corporation PLC, under contracts terminable on 1 2 months’ 
notice. The Group's other investment management contracts are generally open-ended but 
terminable on 30 days’ notice or less. 

The Group’s investment management revenues arise principally from fees based on the 
value of funds under management. The Group often deals on an aggregate basis for more than 
one client and retains the benefit of lower transaction charges (including commission rates) in 

lied had it dealt sepu 

overseas and UK stockmarkets than would have applied had it dealt separately for each client; 
this benefit is now relatively small in respect of UK stodanarket transactions and is being 
replaced in many cases by proposed new fee scales. The Directors do not expect that the 
forthcoming abolition of fixed commisskm scales in the UK stockxnarfcct will have a material 
effect on investment management revenues. 

The expenses directly attributable to investment management activities in the current year 
are expected to be considerably higher than in 1985, reflecting the recent move to new premises 
and investment required as a basis for future growth. This involves an increase in staff casts, 
investment in new ventures overseas and in upgraded computer systems. 

Pension fund management remains the core of the investment management activities for 
UK clients. In recent years the Group has developed ha involvement in the personal savings 
market through its association with Target and it is intended to pursue this new area of business 
in future. The Directors see considerable opportunity for the continued expansion of the 
international fluid management activities of MGIFM and MGIS. New European, Middle Eastern 
and Australian institutional clients have been gained during die past two years for the 
management of internationally diversified portfolios. Diversification by North American pension 
foods into international markets is expected to increase and US public sector superannuation 
funds, which are less advanced in their diversification than the private sector, rep re s e nt a major 
taiget for MGIS. The development of die new fund management ventures in the US and Japan is 
also a priority. 

Morgan Grenfell Securities Holdings Limited 

MG Securities has been established as the holding company for the Group's UK based 
operations in the securities markets. Changes in the rules of The Stock Exchange, which now , 
permit direct access ro the market by outside corporate members and which are expected to 
allow dual capacity trading from 27th October, 1986, present Morgan Grenfell with the 
opportunity to enhance its position as a financial services group by building an integrated ' 
securities trading and distribution capability. Its objective is to provide a full securities sendee u> 
its clients, offering research, sales, older execution and settlement-capability os a broker/dealer, 
and to act as a market maker. It will also distribute new issues of securities on behalf of the Bank. 
Development of these operations requires substantial 1 investment in personnel, premises and 

At 31st December 

At 31-si 
Mai <A . 




" mi - 

• 1936 

L ndflioo 



L roitbon 





• • ISt* 


■■ -3,559 

■ 5JW 






' 451 


iS 96 

- 2*52 

‘ 428* 






*17 - 














computer systems as well » commatment of capital to enable the MG Secomte Group » 
execute business as a market maker and a bebker/dealo-- 

It is intended that the UK based securities 
comprising a number of the Group's overseas sufrudianrs. fa 

SXTSmitred as a member of the New York Stock “5 

Securities Deafer* Inc. and fa Tokyo disetouom are be^hdd *** *e 
Finance with a view to making a formal application tor a 

believe that tbcre.b considerable scope for the development of tf* Groups secuntio busmoa fa 
both these major financial centres- 

The securities business is being bnih both by ^equation a nd by recwiMi^f 
experienced peraomttL fa Match and .April 1985 agree***** %«e emonUm tfae- 
rjtncrfen* Pember & Bovfc and Pfachin. Denny & Co. fPlmAm O*™* « wfach the. 

Company became » limited partner in each busine» and was grantedc^mons fi* 1 me acqurontA; 
^dJTu&ofe of those businesses when pemrined by the rota of The Stock p^chor^ TW» 
acquisitions were completed in April 1986. Exteroire plaromg h* be«i un<feruto m 
business structure which will become fuDy operational when permuted by The brock Exchange 
late- this year. ■ ] 

The Board of MG Securities fe, made up from senior representatives rf Pfadm Dm nr.; 
Pfcmbcr & Bcvfe and Moreau GrenfelL together with experienced personnel «»>«*« hem 
recruited. Tte* personnel include Alistair Buchanan, prerimuly Chtmnan of Cater Alfea 
Holdings PLC, Geoffier Collier, previously Prwxfcnt of Vfefcos da Costa Securities toe, and 
John Holmes, prevtotndv President of Hoare GcncR Inc. MG Securities «n* employs over 35» 
people, including 45 fa Securities safes, 45 fa research. 95 in market making and KH fa setifcmeM. 
and accounts. * 

The Group is developing and modifying existing computer systems, induing t hc ticahng ; 
system of Pfachin Dexmv, in order to mm the requirements of die new marker enurottrocCT.- 
these developments include a new computer based network that is being designed todwrib ore- 
information and other services to market makers and safes and research suit The Group's 
systems development department, which now includes staff formerly employed by nothin 
Denny, is planning and impfentenring these systems. 

The Group's present securities business consists of stockbrokfag and tabbing fa staffed 
capacity in UK equities and debt securities- on The Stock Exchange as «efl as dud capacity 
.trading fa bonds and overseas equities. When faBy operational, the MG Securities grottp wiff 
offer clients a service through subsidiaries operating in the toOowfag arras: ' 

UK and international equities 

Morgan Grenfell Securities Limited (“MGS') wffl conduct braking andrairket nuking 
activities In UK equities when permitted bv The Stock Exchange, MGS currently has reseotdr 
anafots covering each of the building, engineering, breweries retailing, health and household, 
oils, banking and insurance, property and investment trust stows and intends to expand the, 
coverage into other sectors over the next few months. In addition to acting as a broker/dealer 
MGS intends to register as a market maker fa several hundred UK equities, basing let activities m 
the experience and sjnacms contributed by Pfachin Denny. MGS also aims to became a corporate! 
broker and has already distributed securities and arranged sub-underwritiig for issues sponsored 
or underwritten bv the Bank. 

Morgan Grenfell Securities International Limited (“MGSD started business fa December 
1985 fa succession to Pfachin Denny's international dealership. Additional staff experienced fa 
calf* and research were recruited and MGS1 now* provides a dual capacity service fa a number of 
overseas equities listed on Continental European or Far Eastern stock exchanges. MGS a 
providing useful experience in dual capacity trading ahead of the changes which will uke place tn 
the UK securities markets. 

UK and fattmatiund debt securities- 

Morgan Grenfell Government Securities Limited fMGGS’T.b * member of The Smdb 
Exchange and currently trades under the name of Pember & Boyle as a broker In gih-cdged and 
other stating debt securities. The Bank of England has indicated that it is willing fa principle to 
deal with MGGS .as a gilt-edged market maker fa the future structure of die gdt-edged market 
MGGS wiB trade fa dual capacity when permitted by. The Stock Exchange, integrating dir 
relevant marker making operations of Pfachin Dennv with tbe instiruoocal safes expertise of 
Pember & Boyle. 

The International Capital Markets Sales and Trading department makes markets In 
eurosteriing bonds ami starting and US dollar Qoaxmg rate notes. It riw trades in other foreign 
currency hoods, including eurobonds and convertibles, and war rants. The department's safes 
team sdk international debt securities M investor clients m the UK, Continental Europe and 
ekewbere and plays important . role, fa die distribution of new* owes of debt seaniws 
underwritten by the Bank. 

Financial Jutures _ 

Morgan' Grenfell Financial Futures Limited is a broker fa rise financed futures markets, 
holds two seats on the Loudon International Financial Futures Exchange and is an individual 
daring member of the International Commodities Gearing House. 

Overseas operations 

Morgan Grenfell has an international network of oversets subsidiaries and representative 
offices, comprising subsidiaries fa nine overseas co u ntries as weQ as fa the Charnel bloods and 
Cayman Islands, and representative offices fa a further thirteen countries. The overseas 
subsidiaries have grown substantially over die past fire rears and at 31st May. 1986 employed a 
total of 409 petson n eL 

Australia and Sew Zealand . „ 

Moigan Grenfell Australia provides a range of merchant banking services, c omprising 
capital market operations, investment management fad project finance advice and has qtablwM 
a leading presence in die Australian domestic corporate finance sector. It has offices fa Svdney, 
Melbourne, Adelaide and has recently acquired a 50 per cent, interest fa HonfenTlitefit 
Bode, stockbrokers based fa Sydney and a 50 per cent interest fa Baines, ToHuuk and Milner, a 
firm of Adelaide stockbrokers. 

Morgan Grenfell New Zealand commenced operations fa April 1986 and will conc en trate 
initially on corporate finance and project advisoxj services. 

Continental Europe 

Morgan Grenfell has subsidiaries fa Geneva, Paris and Milan. Banque Morgan Grenfell en 
Suisse is a bank and mainly provides investment management, trustee and private banking 
services; Mragan GrenfeH (Switzerland) is a finance bouse involved fa the Swiss franc primary 
markets and in trading fa Swiss franc bonds and notes. Morgan GrenfeH France fa involved 
primarily fa advising on magen and acquisitions, whilst Motgm Grenfell lujia is a leader fa 
providing fotandaJ adrio? Co exporters of Italian capital goods. The Group also has representative 
offices in Frankfort, Athens and Madrid. • 

Fat East 

Morgan Grenfell has subsidiaries in Singapore and Hong- Kong and a representative office 
and an Investment advisory company in Tokyo. Morgan GreofeU (Asia) fa Singapore, as weH as 
navfag an established banking and corporate finance business, arranges export and project finance 
and has agrinving treasury operation. Morgan Grenfell (Hong Kong) -was established fa 1984 and 
u invoked to corporate finance, project finance and company management and nominee services. 

fa Japan, the Bank established a representative office fa 1981 and has been developing a 
wide range, of contacts with Japanese commercial and financial institution*. These contacts to 
Japan have assisted the Bank in Loodon and other Group subsidiaries fa obtaining capital markets 
bustaess whh major Japanere corporations. In addition. Group compafafaW established a 
, of P”**** advisory work for Japanese companies. A subsidiary was 

esublishcd in late 1985 to provide investment advice to Japanese ^ 

United States af America 

Mo^n Grenfell fat provpk* investment banking services. In addition to advisnw on 
cotporate finance transaotxms tt folfils an important role in co-adrising on transactions with the 
Corporate finance drew m London. Its other operations .include arranging asset based 
financing a^a succes^rtk-arbitra^ department. An experienced swpTS has «cen* 

Ytirt was admitted as a member firm bv the Ne^ 

York Stock Ewhaag^ Magan Grenfell Capital Management Inc. was established fa *1985 with 
the objective of providii^ fund mroagenient services fa US markets for US institutional clients. . 

Channel Islands and Cayman islands 

“T < Cu ™T> banking facilities fa 

^T 50 " 51 ?*£**«* »d also proride company 

■ecretaurfal, acoountng, trustee, nominee and other management services. TfaJ w- 

in i 9 2’ Sm ? : ^ *ey hove grown materially fa^TLS 

- ' w *».*■ «v- «*-t » 

Directors, senior ; 

lent and enroll 

Group management 

. The Board of the Company has ufarnate respoosihiHty fix- the Group's affairs including 
strategic development of its business, major financial decisions including investment and 
divestment and the appointment of key personnel. The Group Chief Executive b responsible for 
• the day to day management of the Group and tor the co-ordimtkin of its operatfons. 

Dire^tors of the Company 

The Directors of the .Company and their responsibilities within the Group are set out 


Stephen Gordon Cat to, Baron Catto of Cairncatto, aged 63, is Chairman. He has spent 
substantially the whole of his working life with Morgan Grenfell; he became a Director of the 
Bank in 1937, its- Chairman in 1974 and succeeded J-E H. CoQins as Chairman of the Company 
in 1980- He b also Chairman of Yule Catto & Co. pic and of the United Kingdom branch of the 
Australian Mutual Provident Society and. is a Director of The General Electric Company. pXc. 
- and The News C or po rati on Limited. 

Christopher Reginald Reeves, aged SO, b Deputy Chairman and Group Chief Executive; he 
is also Joint Chairman or the Bank. Having joined the Group in 1968-he became a Director of die 
Bank in 1970, head of its Banking division in 1972, Deputy Chairman and Deputy Chief 
Executive of die Bank in 1975 and Group Chief Executive in January 1980. He is a Director of 
BICC pic and Deputy Chairman of the London Board of Westpac Banking Corporation. 

Sir Peter Carey, G.GIL, aged 62, was appointed to the Board in 1983 following his retirement 
as Permanent Secretary in the Department of Industry, a position he had held for the previous 10 
yean- He is involved -in-lhe development of diem and government relations in the UK and 
overseas. He is Chairman elect of Dalgety PLC, a Director of Cable 8t Wireless PLC, BPS 
Industries PLC and Westland PIC and a member of the supervisory board of Philips NV, 

Sir Kenneth Durham, aged.61, is a non-executive Director. He was appointed to the Board in 
January 1986 and retired as Chairman of Unilever PLC in May 1986. He is Chairman of 
WdoI worth Holdings pic and a Director of British Aerospace pic and Delta Holdings PLC- 

Blaisc Noel Anthony Hardman, aged 46, is Chairman of MG Securities. He joined the Group 
in 1962, became a Director of the Bank in 1972, head of the Banking division in 1976 and head of 
the Treasury division in 1979. He assumed responsibility for the development of the Group's 
securities business in 1984. He is a Director of Matthew Clark and Scots (Holdings) PLC 

George Llewellyn Law, aged 56, is Group Compliance Director. Prior to joining the Bank as a 
Director in 1968 he was a partner in Slaughter and May. He was bead of the Bank's Corporate 
Finance division from 1975 to 1979 and subsequently worked in Group central management. He 
is a Director of Blackwood Hodge pXc. and Baker Perkins PLC and a member of the Law 
Society's Standing Committee on Company Law'. 

George Maitland Nissen, aged 56, was formerly senior partner of Pestber & Boyle and 
became a Director of the Company in 1984. He is deputy. Group compliance officer. He b a 
member of the Council of The Stock Exchange and Chairman of the . recently constituted 
Gilt-Edged Market Makers' Association. 

David Vereker Palmer, aged 59, became a non-executive Director of the Company in 198Z 
He is .Chairman and Chief Executive of Willis Faber pLc 

'Raymond Wjfliam Pen nock, Baron Pennock of Norton in the County of Cleveland, 
aged 66, joined the Board in 1934 having been Chairman of BICC pk and, before that, a Deputy 
Chairman of Imperial Chemical Industries PLC. He h involved in die development of cheat and 
government relations in the UK and overseas. He is Chairman of the Channel Tunnel Group 
Limited, a Deputy Chairman of The Plessey Company pic and a Director of Standard Chartered 
PLC and Willis Faber pic. 

Charles Frederick MeMUe Rawlinson, EGA-, ECT- aged 52, is Joint Chairman of the 
Bank. He joined die Corporate Finance division in 1962 and became a Director of the Bank in 
1970; from 1974 to 1985 he was responsible for Group finance and became Joint Deputy 
Chairman of the Bank in 1983 and its Joint Chairman in 198a. He is Chairman of Associated 
Hiper Industries pic and a Director of Willis Faber pic. Since 1984 he has been Chairman of the 
Hundred Group of Chartered Accountants- 

Sir John Sparrow, F-CA-, aged 53, « Chairman of MG Asset Maugennt He joined the 
Group in 1964 and became a Director of die Bank in 1970. Prior to assuming respontibilin' for 
the Group’s Investment management business he had been head of the Corporate finance and 
Investment divisions subsequently worked in Group central management- He was head of the 
Central Policy Rev-few Staff- frora-1 982 to 1983 and is Deputy Chairman of Short Brothers PLC 
and a Director of G»Hte Group PIG. 

Graham Robert Walsh, F.CA, wed 46, is head of the Corporate finance division of the Bank 
which he joined as a Director in. 1973. From 1979 to 1981 he was Director Genera] of die Panel 
on Take-overs and Mergers and h'cunrendy Chairman of the Issuing Houses Association. He is a 
Director of Ward White Group pk. ■' 

Christopher Marie John Whittington, EGA aged 47, is Group Director, Overseas 
Companies. He joined the Group hi 1968 and became a Director of the Bank in 1973. In 1979 be 
became head of the International' Banking division. In 1984 hr assumed responsibility for the 
development of the Group's business in the United States of America and in 1985 overall 
responsibility for the Group's overseas subsidiaries (other than die Channel Is lands and Cayman 

Other senior management with Group responsibilities 

Certain other senior officers within the Group have responsibilities for Group functions as 

David John Ewart, F.CA.. aged 50, is responsible for Group finance and is finance director of 
the Bank . He joined the Bank as a Director in the Corporate Finance division in 1982 having 
Formerly been Deputy Chairman of Guinness Mahon 8c Co. Limited; be was appointed to his 
present” position* in 1985.' He is Chairman of RHP Group pk and a Director of Majcdie 
Investments PLC. . . 

David Chalooer Keys, aged 52, is responsible for Group credit policy and is Chairman of the 
Group credit and audit committees. He is also Chairman of the Group’s subsidiaries in Jersey, 
Guernsey and the Cayman islands. He joined die Group from the Bank of England in 1971, 
became a Director of die Bank in 1973 and was head of its Domestic Banking division from 1979 
to 1985. He Is a Director of Target Group PLC and of HFCTrusc and Savings Limited. 

George Sinclair MiUer, F.CMA, aged 49, is responsible for Group personnel and planning. 
He joined the. Group in 1972 and in 1974 became a Director of the Bank in the International 
pa nVmg division where be worked until 1 985 when he a ssu m ed his present responsibilities. 

Internationa]: Advisory Council . 

The folfowirg are members of the Group’s foternatioualAdvisory Council: 

Lord Catto, Chairman, Morgan Grenfell Group pk. 

D. V. Bettdall, CM.G-, MJ3.E-, former Chairman,. Morgan Grenfell Imernatioaal Limited, 
rha inrun. Baoqoe Morgan Grenfell en Suisse. SA, 

A. V. Casey, United States Postmaster General, fanner Chairman of tiff Board and Chief 
Executive Officer, American Airlines Inc. 

J. E. H. Collins, M.B.E., D5.C, former CbaJniaan,' Morgan Grenfell Group pk, Chairman, 
Guardian Royal Exchange Assurance pk. . 

A. Hay, Director, Banque Morgan Grenfell en Suisse SA, President of the International 
Committee of the Red Crow and for m er Director General and Deputy Chairman of the Swiss 
National Bank. 

J. Kraaijeveld van Heroert, President of the Executive Board of the .Royal Boskalis 
Westminster Group N.V. . 

A. jcancotnt-Galignam, President and Chief Executive Officer, Basque Indosuez. 

Hon. P- Lougheed, Senior Partner, Bennett Jones, Canary, former Premier of the Province of 
Alberta. • • . . . • 

S. Miyake, Chairman, The Tokai Bank, limited. 

Lord O’Brien of Lothbury , P.C_ G-B JL, former Governor of the Bank of England. 

K. W. Steel, A.C- O-BE, Chairman, Morgan Grenfell Australia limited, former Director and 
General Atinager, Australian Mutual Provident Society. 

Lord Taylor of Gtyfe, D.TL, former Chairman. Morgan Grenfell (ScntW) Limited. 

Managem EBt of principal subsidiaries 

Morgan Grenfell & Co. Limited ; — . - 

font Chairmen; C. RI Reeves (Group Chief Executive) CF.M. Rawiinson* 

Corporate hnonu dnwcm . 

G. R- Waikb* " ?. I. Espeohahn ' • . R-ktCfieelig 

S.T..Badger •• P. W. Evans. R.J'i.Skrager 

P. H. G. Cadbury. J.PJ. Garrow JLM.i. Webb 

J. Q.Ttavjes # .G.MMagan D-W.WeHs 

G- N. Dawson A, E RkJunond-Watson R.H, Westcott 

Batitag ati O^iaJ Maikm dimao ' ■ ■ v ■ 

J.P.LPeny - - -J. A Franklin ", J. B. Jtawftngs 

AG. Catto N. a.Gold . -• J; W. «o der.Veiden 

J.ft Forsyth . GrA-jv Ddder.. . 

laieraaaancd dxtexm 
D. A G Douglas- Home* 

C. C Ce& 

M. E Hddesley 

Treasury dnioea 
G. T. Mtmn* 

P. J. McAfee 

G. T. Munn* M. P. Knight 

Otrvras department md ooapama 

CM.]. Whittington G. Dryden (Channel Islands) 

D. Suratgar 

J- S. i. Syrctt 

P. Wing 

A H. Dunn 

ft F. Binyon (Tokyo) 

Morgan Grenfell Lavne 

E Bernerd 

Finance dtreaon D. J. Ewart 

J. B. Fraser (New York) 

K. R. Harris (New York) 

J. W. Lockhart 

Crain and audit: D.C Krvs* 

G. C. Hill (Sydney ) 

Hsieh Fu Hua /Singapore I 
C. J. Knight i Hong Kong) 

P. J. Daw-nav 

Morgan Grenfell Asset Management Limited 

Chairman: Sir John Sparrow* Managing director • J. H. L. Norton" 

M. Bullock 
M. W. R. Dobson* 

M. P. Douglas 

N. R. Dunford 

W. P. Dwemhouse 
M. J. Meyrick* 

R. P. Morris 
G. A Owen 

P. B. H. Poknietki 

Morgan Grenfell Securities Holdings Limited 

Chairman: B. N. A Hardman* 

UK and mumaaonal equina 

J. R. Holmes* A A. J. Bartlett B. D. Pasta, i 

G. W. Collier* 

Gilt-edged and other debt renames (including Feather &.Bmle) 

A J. Buchanan* J. F. T, Dtmdas* J. J. H. Women 

Pmehta Denny *tCo 

V. A L Povrdl M. Nickerson L Perry 

R. J. A Keeble 

Corporate fiumce: E K. Ford (with effect from 1st September. 1986) 

Finance director: E A. Bradman 

* Members of the management committee of the respective subsidiaries 
Group functions 

The senior executives with responsibilities for Group functions, each of whom is a director 
of Moigan Grenfell & Co. Limited, areas follows: 

Compliance: G. LL Law Personnel and planning: G. S. Miller 

hoance: D.J. Ewart Management Sernas and syitans; R. M. j. Taylor 

Credo end uudic D- C. Keys 


The Group currently employs over .2,000 people of whom over 400 are based overseas. 
The following table shows the number of employees at 31st May, 1986; 

Morgan Grenfell &Ca Limited 

Corporate Finance 120 

Banking and Capital Markets 129 

Treasury 34 

International 131 

Moigan Grenfell Laurie 122 

MG Asset Management 251 

MG Securities 353 

fi nan ci al administration for the Group 98 

Central services 

Group secretariat, legal and tax deparanents 25 

Management sendees division 173 

Systems division 146 

Personnel department 50 

Other central management departments’' 59 


Australia and New Zealand 89 

Switzerland 36 

Singapore 55 

USA 71 

1 Channel Islands and Cayman Islands 105 

Others 33 

London based 9 

• Other ccMrt] raajugrtnrnt deparanans indude corporate iliura. ccooomffts fauna*) juK-ms. credit emtro) 
md (moral audit 

The Board attaches much importance to the motivation of employees and is concerned to 
ensure that the structure and procedures of the Group encourage foil development of individual 
talents and provide adequate opportunity for career development- Remuneration, incentive 
arrangements and performance- related bonuses are intended to reflect conditions prevailing in 
die various markets in whkb the Group operates and to be flexible in responding to changes in 
those markets. 

The Directors believe that employee share schemes are an effective means of promoting 
employees involvement in the performance of the Group. AH full-time employees with more than 
five years’ service obtain an equity participation in the Company by receiving, an allocation of 
shares under the Moigan Grenfell Share Participation Scheme, which was introduced in 1980. 
Senior staff are granted options under the 1984 Share Option Scheme, a scheme approved under 
the Finance Act 1984. Options have been granted under that Scheme and the 1974 Share Option 
Scheme to over 400 employees. The Group has recently introduced parallel share participation 
and share option schemes for overseas employ ees. The employee share schemes are subject to 
certain limits which are summarised in paragraph 3 of “Further information’* below. 

More than 650 employees are shareholders in the Company. Before ebe Offer, 9.5 per 
cent- in aggregate of the equity share capita! was owned by staff, Directors and their families, 
including two per cent, held under the Share Participation Scheme. Arrangements have been 
made whereby up to ten per cent- of the shares now being offered will be reserved in the first 
instance for applications from full-time employees of die Group. 

The Group operates two non-contributory pension schemes for UK employees, the 
Moigan Grenfell Staff Pension Scheme and the Morgan Grenfell Senior Group Pension Scheme, 
which cover approximately 1,500 and 63 employees respectively. The Directors consider that the 
schemes are earai adequately’ funded. Pension arrangements for overseas nationals are made by 
their employing companies, taking account of tool employment conditions and regulatory 

Croup financial record 

Profit and loss account — 

The adjusted results of the Group for the five years ended 31st December. 1983, which 
have been extracted from the Accountants' Report and are compiled on the bases set out ip that 
Report, are summarised below. In particular, the Group’s results have been adjusted on die basis 
that the transfers U) undisclosed reserves, which have hitherto been nude in the Group's audited 
accounts, had not been made. In future the Group will not make transfers to undisclosed 

Years ended 3lst December 

Profit before taxation 

I million 

Profit attributable to ordinary shareholders 
After preference dividends hue before 
extraordinary items t million 

Earnings per ordinary share p 

from year to year bas been affected by a varying tax charge and by issues of ordinary shares. 













13 6 














and earning* per share have grown at 

The Group has established a leading position as a UK corporate finance adviser and has 
benefited from a Luge market share during a period in which there has been a high level of 
take-over and merger activity and companies have raised luge amounts of new equity capital 
Corporate finance activities have made the largest contribution to the growth in profits. 

Investment management has made an important contribution to growth in profits, 
reflecting the increase in value of funds under management. Banking activities have also increased 
their aggregate profits over the period. 

The Directors are of the view that it is impracticable to calculate the exact profit 
contribution of each of the Group's activities ou fog to the interdependence and varying uses of 
capital and other resources from time to lime of certain of those activities. The changing balance 
of the Group’s revenues is illustrated in the following table which shows the percentage 
contribution to total revenues of various activities of the Group. 

Years ended 3 1st December 

Backing, including interest on free capital 
Corporate finance 
Investment management 
Other revenues 































Revaius comprise mlacsv received (net of miens! pavahlel, net fees and connrmsiom, and otW income. TVie 
CDDtnbutioa la total revenues b based on management acxouDtv and revenues are stated before expense, and prortsnns. 
Revenues from overseas subsidiaries have been allocated to die appropriate activities in the table. 'Ranking'* nciades the 
tcunus of the Ranking and Capital Market* dirisun (except secondary trading i and the Treasury and Inienuuwul 
divisions of the Bank. 'Other revenues' irvdudrs die loninbunoft from vemndary market eurobond and other vet unties 
trading. No contribution from Pmchm Denny and Pember & Boyle is included m (be table, these busrmaus were not 
v* both -owned by the Croup unn! April !°86. 

Whereas total revenues have grown at broadly the umc rate as total expenses over the 
period, in the past two vears in particular the percentage growth in revenues from corporate 
finance activities has exceeded the percentage growth in expenses directly attributable to those 

Overseas subsidiaries (including a significant contribution from the Channel Islands) 
contributed IB per cent, of total revenues lor the year ended 31st December, 1985 but a lower 
proportion of profits. These subsidiaries have increased their aggregate profits over each of the 
past five years. 

,4n ex t ra o rdinary charge of £10.6 million was made in 1984 in respect of the Group’s 
leasing portfolio as a result of reductions in rental income triggered by- the progressive reductions 
in the rates of corporation ux introduced in the Finance Act 19S4. This legislation also 
necessitated an additional extraordinary charge in 1984 of 11.7 million related to adjustments in 
respect of deferred tax relief on certain loan loss provisions. 

Balance sheet 

Total shareholders' funds (including previously undisclosed reserves) have increased from 
£88 million at 31st December, 1981 to £229 million at 31st December. 1985-, the retention of. 
earnings from the Group's strong profit performance contributed half of this increase. Cash 
injections through new equity capital in 1984 and 1985 totalled £39 million; the capital base of 
the Group has also been increased by the raising of loan capital. 

The Group's balance sheet totals increased by 89 per cent between 31st December, 1981 
and 31st December, 1985 to approximately £4,000 million. Un deriving growth in assets between 
1984 and 1985 Is not reflected in increased balance sheet totals as a consequence of the 
appreciation of sterling over that period and the resulting reduction in the sterling equivalent 
value of foreign currency assets. 

The Group’s assets are funded largely by* taking deposits from the London money and 
inter-bank markets and by taking other short-term deposits from corporations. At 3 1st 
December. 1985 Group liquid assets (represented by balance sheet Headings down to and 
indudii£ “Money at short notice") amounted to some 39 per cent, of Group current and deposit 
accounts. Loans guaranteed bv HAL Government amounted to 35 per cent, of risk assets 
(represented by touJ loans and advances, other than loans to banks, net investment in finance 
leases and liability of customers for acceptances) and accounted for the greater part of the growth 
of those risk assets from 1981 to 1985. 

The follower table shows the geographical exposure of total assets, net of all provisions, at 
31st December, 1983: Per cent of 

balance sheet 

UK 58.8 

japan ) 5.5 

Western Europe (other than UK.) 12.6 

North America S.4 

Far East (other than japan) 2 7 

Australasia . 2-4 

Latin America 1.1 

Other 1.5 

Total exposure in countries experiencing payment difficulties (most of which is sovereign 
risk) amounted to £51 million net of provisions at list December, 1985, representing 
approximately 1.3 per cent, of balance sheet totals. In addition to specific provisions against 
identified bad and doubtful debts, general provisions are made in respect of the Group's banking 

Following the acquisition of the whole of the business of Pinchin Denny earlier this year, 
there has been a very substantial increase in assets and liabilities associated with securities 
trading, in addition, balance sheet totals of the Bank have increased since the year end. 

Profit forecast and prospects 

The Directors forecast that, in the absence of unforeseen circumstances, profit before 
taxation for the six months ending 30th June, 1 986 will be not less than £48 million. This level of 
profits reflects a very high contribution from corporate finance activities and a good performance 
overall from the other activities of the Group. 

On the basis of this profit forecast and assuming a tax charge for the six months to 30th 
June, 1986 of 36 per cent., earnings per ordinary share will amount to not less than 23.4p on the 
adjusted weighted average number of ordinary shares in issue during the period (before dilution 
for share options and convertible securities in the Company). Earnings per ordinary share on a 
fully diluted basis would be not less than 23.9p. This forecast takes no account of (he issue of 
ordinary shares pursuant to the Offer. 

The Group’s involvement in two very large take-over offers in the UK has been an 
important factor in the level of profits forecast for the first half of the year. It cannot be assumed 
that corporate finance transactions of similar value will arise in the second half. It is also too early 
to predict the effect of forthcoming changes in UK securities markets on the results of the Group 
in the- final two months of the financial year. However, the Directors have confidence in tire 
outcome for 1986 as a whole. 

The bases and assumptions underlying the forecast, together with letters from Peat. 
Marwick, Mitchell & Co. and Spicer and Pegter and from Cazenove & Co. relating to the forecast, 
are set out in •‘Information relating to the profit forecast” below. 

The results for the six months ending 30th June. 1986 are expected to be published before 
the end of October 1986 and will be audited. 


The Directors consider that, had the Company's ordinary share capital been listed during 
the financial vear ended 31st December, 1983, they would have recommended the payment of 
total dividends of 8.5p per ordinarv share l adjusted for the Capitalisation Issue) in respect of that 
financial vear. This notional dividend would represent at current income tax rates an historic 
gross dividend yield of 2.8 per cent, at the minimum tender price. 

The Director* intend in respect of the year ending 31st December, 1986 and in future 
■ vears to pay interim dividends in November and final dividends in May in the approximate 
proportions one third and two thirds. The new ordinary shares now being offered will rank for 
the interim dividend in respect of the year ending 31st December, 1986. 

Business environment and regulation 

Business environment 

There are a number of critical factors in the business environment in which Moigan 
GrenHJ operates and in the nature of its business which are relevant to its fonire prospects. ■ 

The performance of stockmarkrts has a direct impact on the Group’s corporate finance, 
investment management and securities trading activities. Corporate finance business depends not 
only on the ability of the Group to maintain its share of the market, but on the general level of 
activity, particularly in take-oven and nreigers, and on the size of the transactions undertaken bv 
clients. Investment management income is related to the value of funds under manag em e n t and 
therefore would be adversely affected by a fall in stockmarkrts. In securities trading, which 
involves taking risks as principal, the results are sensitive to the volume of business undertaken 
and movements m stockmarkrts. 

The forthcoming charges in the UK securities industry, notable the introduction of dual 
capacity trading and negotiated commission-., will have a profound impact on die Group. The 
Group's decision to develop a securities trading and distribution business involves the 
txatunitment of substantial permanent capital increasing operating expenses and the adoption of 

new trading techniques, controls and systems. Whilst it will take time fully to establish the 
Group's securities activities, the Directors belies c that the broking and market making skills 
contributed to MG Securities by Pember & Boyle and Pm chin Dennv, together with the 
experience of personnel from within the Group and those who have recently been recruited, 
provide- a sound foundation for the new securities business. The Directors expect that the 
securities business will be able to lake advantage of the new- opportunities available in the 
deregulated markets whilst operating within limits of risk appropriate for the Group as a whole. - 

Competition in all areas of the Croup’s operations is increasing. Morgan Grenfell competes 
in domestic and international markets with UK and overseas banks and securities houses, many 
of which have committed substantial resources in London and other major international financial 
centres. The trend towards more flexible and success-linked fees and commissions and more 
varied ways of raising capital is likely to continue, as is the trend towards more 
transaction-orientated relationships. The Directors believe that the laigc number of diems for 
whom the Group has transacted business and its record of flexibility and innovation demonstrate 
its ability to adjust to these trends. 

. Commercial and investment hanking involves certain risks. These indude credit and other 
counterpartv risks which the Group controls by establishing and monitoring limits for the 
business undertaken. There arc also risks incurred in underwriting securities. 

The results of the Group will continue to depend on the contribution of key personnel at a 
time when job movement of senior employees in the City has become more common. In recent 
years verv few of Morgan Grenfell's bey executives have left the Group and the Directors will 
pursue employment policies intended to ensure a continuing high degree of stability. 


* The businesses carried on by the Group are subject to increasing regulation, paraculariy in 
die UK where the regulatory bodies principally relevant to the Group's businesses are the Bank 
of England, the Department of Trade and Industry. The Stock Exchange and the Pand cm 
Take-overs and Mergers, in particular, the Group’s activities are subject to guidelines set down 
horn time to time by the Bank of England as part of its prudential supervision of banking 

In addition to changes in the applicable regulatory requirements associated with 
developments in the UK securities industry, the enactment of the present Financial Services Bill 
will alter the legal framework within which the Group's businesses are carried on in die UK. The 
form of the rules and regulations which will result from the Bill (when enacted) is not yet 
available, but on present indications the Directors do not anticipate that these will have a 
materially adverse effect on the businesses of the Group. 

The Group has set up a compliance department, which is responsible for the establishment 
and maintenance in each of the operating subsidiaries of policies and procedures designed to 
ensure that their businesses are conducted in accordance with the relevant regulatory 
requirements and in die best interests of their respective clients and customers. The separation of 
the operating management of the banking, asset management and securities businesses is 
intended to ensure that each of those businesses will continue to serve the interests of its own 
clients, insulated from the influence of any competing or conflicting interests in other parts of the 

Reasons for the Offer 

The Directors believe that an increase in the capital base of the Group is required to enable 
Morgan Grenfell to take advantage of opportunities for expanding Its activities, iridudiiig its 
securities operations. Thev have concluded that this public offering of new shares in the 
Companv represents the most appropriate method of raising the necessary equity capital. The 
issue of the 32,000,000 new ordinary shares under the Offer will raise a minimum of II 31 million 
(after expenses) and increase the Group's total net tangible assets on the pro- forma basis set out 
in the Accountants' Report to some 1.343 million. The Directors intend also to raise new loan 
capital lor (he Group following the Oder in order to increase further its capital base. 

The Directors propose to increase the capital resources available to the Group's securities 
businesses bv 1100 million out of the proceeds of the Offer so as to bring the total invested to 
some 1(40 million before the end of 1987. The balance of the proceeds will be deployed in the 
Group’s other investment and commercial banking businesses. 

The Directors consider that there may be opportunities to enhance and diversify the 
Group's profit base by acquisitions in activities where the Group is represented and in other 
financial services. The existence of a market in the Company's ordinary shares should provide 
greater flexibility to take advantage of acquisition opportunities- However, no specific 
acquisitions are currently being considered. 

The Group faces major challenges as a result of the forthcoming changes in the UK 
securities markets. The Group s enlarged capital base after the Offer as well as its record of 
responding to market changes and readiness to pursue new opportunities are important factors in 
the Directors’ confidence that Morgan Grenfell will retain its position as a leading merchant 
banking group. 

Information relating to the profit forecast 

Bases and principal assumptions 

The forecast of profit for the six months ending 30th |une. 1986. as set out in “Profit fcno* and |* ospeus* 
abate, has been made under the hiuoixil cost camcnuon, and s based on unaudited management mfomunoo foe the 
live months ended 3 hi Mas. 1986 and a forecast for June 1986. The pniuapd asmnnpotms upon which the fan* a 
based are as folknvv 

U) that there be no significant changes in worid economic or in stodannket condttntt, tat stating or daffar interest 
rates orm the nerflngAtoDar exchange rate, and 

Cbl that then- will hr no change in ihe ability of the Croup’s debtors and counterparties to meet then - oWgations. which 
b t change of sutboent materiality to require an increase m the lerei of provt»K*» estimated to be approprime as at 

30th June, 1986. 


The following are copies offeiten relating to the pro* foncast 
<a) From Spicer and flayer and Puai. Marwick, Milrhrfl & Co. 

The Directors, 

Mogui Grenfell Croup pic ZOtb Jimr, 1986 


We hate levi-wed the accounting primes and cafeulairans far the profit forecast of Morgan Gretifcti Group pic 
(“the Coen pun") and its subsidiaries I needier “the Group") for the six months ending 30* June. 1986, as set out in the 
-lifting particulars rciatmg to an oHrr it nn ordinary shares m the Company dated 20* June, I98t> (“the Listing 
Particulars"), lor which you as Pnectov* of ibe Company are toMy roponsiUc. The profit forecast is based on unaudited 
management information for the h>r months ended Slut May. Mfonda forecast Cor June 1986. 

In our opinion the profit forecast, so Car as the accounting policies and calculations are concerned, ha* been 
properii complied on the Kixs oi the auwnpnons nude by you as Directors and set out in die Listing Particulars and ts 
present e d on a base consistent hi* die ac. miming policies tea our in the Accountants' Report included m the Listing 
Parnculan, which are die accounting policies adopted by the Group. 

Toun CuthfaDr. 

Sparer and Pegter Peat. Marardc, MltcfceB i Co. 

Chartered .liAUUNi Cbsicrerf .Anowmnu _ 

fbl From Caaenotc & Co. 

The Directors. 

Morgan Grenfell Group p!c 20* J™e, I486 


We refer to die profit forecast foe the sic months ending 30* June, 1986 set out n the fang particulars refenag 
to an offer of new ordinary si uirs in.Mmtjpm Grenfell Group pic i“dse Company’) dated 20* June. 1 986, 

We hare discussed ilw. forecast and dir bate* and assumptions an which it a made wi* Du errors of the 
Crenputr and sensor rKCtimea the group and He haie considered dir letter dated 20* June. I486 addressed to 
rnundres (ram Peat. Marwick, Mitchell s la and hpicer and Pegfer regarding the accou nt i n g policies and cal cul a t io n s 
for the forecast. 

As a result of daoe dncitsunns and n the light of the letter from Pleat, Marwick, MKebd ft Co. and Spicer and 
fl gfer «e consider that the profit forecast, foe which you as Duecrare of tfae Company are solely mpouahlc, has been 
made after due and careful enquiry 

Touts faithfully. 

Carerooe & Co 

Accountants' Report 

TV Inflowing k a copy oi‘ a report by the jnmt report mg arrmnunu. Spicer and Pegfer. Chattered Accountants, *e 
auditors of the Company . and Frau Marwick, MucbeU tic Ice. Chartered Acvoununcs. 

The Directors Siptrer and Pegfer 

Mragin GrenfeU Group pie Friars Coon 

? 1 Great Winchester Street 63 Clutched Friars 

London fcC21* ’AX -London EC>\ !NP 

and Rat. Marwick. Mncbefl & Co. 

I Puddle Dock 

Cammed Co. Blactifiarv 

12 Tokenhouse Vard London EC*V 1PD 

London ECJK7.V. 

Gent fane n. 20*]nW.I986 


1 We ha>e examined the audited comohdaied accounts of Motrin Grenfcfi Gimp pfc (“the Company') (tftci Morgan 
Grenfell Holding' Limited) and ha subudaarics (together “the Croup*) for die five ten ended Jin December. 

2 - Spud and hgfer hate been auditors oT the Conqiany and aB of Its UK uifaidimis and of Pmchm. Dmm ft Co. 

throughout the period wider renew The acnnntti of thr overseas subsidiaries hut been audited by vansuv mo,. 
mtfu*ng Vat, Marwick, MitcbeH 6 Co. and ataooatw of Speer and Pegfer. The accouno of Pember & ffvyfe have 
been audited bv anoihar firm. 

3 The financial mfonnum sn out brim & based on tbr audited conaobdatcd accounts of *c Group, after making 
such adjustments as nc consider appropriate In paniruLuv adjustments have been made to revetse tbemmftn to 
umndbaed resenvs which ‘net*- made b% *r Group in Hs indued conuiidjtrd accounts by virtue of the 
etonpoons applicable to hanking compmm set out m Sc Wok- 9 to thr Companies .Ad 1983 4* the same me as 
reversing those transfer* to undisefawd reserves, general kun Ins provision* hair bent madriu anurdaocr with the 
Group’s accounting paluies set an bekm Thr ramdidaird balance sheet* *bomt n section C do nw ranum 
undisclosed menev The financial mfomunoo set out faHuu is prepared having regard to the exemptions applicable 
to banking coropaaes set out m the Companies Act 1983 except that transfers to unvtedoscd reserves have not beep 

4 Our Hork has been carried out n accordance with die Auditing Guideline- Prospectuses and the reporting’ 

5 In our opinion, ihc financial information s« out brim, which has been prepared an thr basb of the KuMuthg 
policies described below, gives far the purpose of the luting paitktdan rriatmg n the Company dated 20* June, 
<986 a true and lair viru of *r profits and source and application of funds of like Group far each of thr fur eean 
ended 31u December, 1981 to Jlsr December. 1985. and of *e stare of aflans of ibe Group at the end of each of 
dnxyean. - 

6. No audited accounts far the Group hate been made up in papcctofany period aabsequoit to 3lst Doce m bei 1 , 198S. 

A. Accounting policies 
(a) Convention 

The found*! mfomutian set out briorv has been prepared in accordance mdi *c historical coat-con v enDan. 
modified to incorpor a te the revaluation oF certain Freehold land and boMtags at 31s December. 1971 and 3lai 
December, I9S4. 

fb) Basis of conrobdanon 

The consriklatcd faundai fo fa ret aU u u indiides the results of the Company and Its sabvktiariri. \Unageancnt 
accounts have been Med where aoeounfo^ reference period* ddfcr from th« of the Company. 

(e) Goodvvifl 

Goodwill (s written off against rcserees at the tone of pnrefaase. 

(d) Forngn cuntnds 

Assets and baMities in foreign cunendes and the results of overseas nbskharin arc translated into sterling at 
market rata of exchange ruling at the bahnoe sheet date Forward foreign exchange contracts are valued u market 
rates applicable to their respective annuities at the balance sheet date, except m the case ofthoae related to loans 
and deposits on ahich (hrgaJn or loss e acoued eienhr over the hfeof the transaction. 

Exchange differences anting an tbr mmlatm of net assets of overseas mhtidisnes arc dinged, or cradded to 
resents. Other exchange *£fefcnca are deah nrth through the profit and lass aecoum. 

(e) ftefogufijcc of fees, nwrauwi ii y is, neresi and in v e s t oio n inercie 

Fees are brought into account when work is completed and the fee is agreed. 

Gjnnnfssfcm income is recognised when it fa unco adioooalhr parable. 

Imeresr atemue and expense an? aonumed far on at aonufo basis, hnerest unpaid beTOod Ae norzad coficctmn 
period is exriudcd fictn incoroe until received. 

Iniamtent Income n recognised on the due date. The attributable result* of partamhips are kodhaded on an accruals 

(ft Proruitm far bad and doubtful debts 

Specific provision* agamsi Identified bad and doubtful debts are made on the basts of 
aid lading renews at each year end. Gemnl pnmsaom are made in irianoo to loisa 
identified, may exit in the Groups banking portfolio. 

lar rerieti* of exposures, 
although not specifically 

(g) Balances with bonben and money at cafl 

This canprifcs current accounts with bankers and loans to banks, discount bouse*, money' brokers and local 
authorities, at caD or maimfeg on ibr bnx houness dw of the next fimndil rear. 

(h) Certificnes of deposit, treasury bills and bdb discounted 

Ccnlficwa of deposit are stated at market rahie except where it b ii o mdsd that they ihodU be held to rouieity. 
when they are stared at cost pirn accrued income. Treasury bifis and bills dhoounied are fndnded at face ufat less 

(i) Money at short notice 

This comprises loam to banks, dhcoam bouses, money broken and local authorities, repayable in less than one 

Q) Other loans to bank* and local 4u*ant» 

This co mp ri se * money market deposits wi* banks and lam to locri audwrida baring a m annitv of owe month and 
ocer. some of which are due after more dun one year. 

(kj British Cor en u nmt,’ trading and other seanitfes 

Premi um s and tfascouros on dated securities, hoi^fct with the intenti on of holding to ma t urity, are ammrisod on a 
straight line hash. Trading securities held for dealitg purposes are included at mvkei rake. AO other s ecurities, 
whether heid far the short or krog term, are valued individually at ihr kroer of cost and market value or Dovcuvs’ 
rahuooa in the case of unquoted holdings. 

.0) . Net DvemiKiU in finance kata. _ 

The Group's net investment in finance leases held through Its leatine nbridurfes and its interests m leasing 
partnerships are ruled at the total rentals receivable, less finance chaiges allocated m future period*. 

Inttmrh ieragiiised by leasing subsidiaries over the primary period of a lease as follows 

(i) an amount k allocated to cadi accoiumog period equal to the 'estimated cm of funding the net cash 
•wotmeirt in the lease; and 

(Bl *c balance a aBavated oter the primar y period on an annuity bans. 

In accordance wi* normal leasing industry practice, an adjustment it made 10 increase pre-tax kasfag income to 
offset the rental co n ce»a oiB c f fe cUidy made in onkj to pass to lessees *c benefa of the progressive reductioiu fit 
the me* of creparation tax unroduced iu die Finance Act 1984. A corres p ondi n g adjustm ent, is made to ihe taxatio n 

(m) ' Fixed assets 

hnotmema are nonnaHy stated at oast- The book rah* of oxMdual fixed amrt tnaanem* h reduced only when 
there has been a MgpificaiH and, tti the opamoo of the Drecnors. pennanent dtavmut x m m thek value. 

Freehold property n sated at cost or rahiattoi and, in view of the Croup a policy of conrinuoua refarinsfanait, no 
dcpreciauon » prondrd except m the cost of improvements wbscb are written off fa equal annual fasiabaents oner 
their estimated useful lives. If proritfao far deprertatfan on fi«hokJ buddings were made the resuha of the Group 
would not be materially affected. 

leasehold property fs stated at con lew amortisation aerates doigoed to. write off lease- pmnfams over Ac period* 
until the next i circuit rent iwwa date, l e ase h old mipiuvesuenu are written off over tbe pctiod of thar atiizuted 
useful lire* or over the unexpired term of thr lease if ahonet: 

FuRutune and equipment is fepnoned over periods raiyfag between three and seven s eat* an a* to write off the 
cor of each da*s of asset over m estimated useful life. 

In) Associated conpames 

An associated company it a ampanr. not bemg a subudiary, in vritidh the Group has a pguificant faterest in the 
equity capital and whose director* fadude r epres e m atrva of the Croup. The equity method of accoumBg has not 
been adopted far associated companies during the period covered far tins report as the retained emxngs of such 
compuisa do oca tipuficandy affect the profit* or net aMcts of the Group. 

fo) Deferred taxation 

Deferred taxation is provided in respect of tuning differenc e s which arise principally herew a i tbe taxation and 
ace om t i ng treatment of assets held far fearing in tbe Group's UK companies. The tax provided is that which is 
opeacd to became parable an those tfaupg differences which tre Ifkefe to reverse without be*g repbred. 

Pnor to the introduction of progressive red u ctions fa crystal dkmanres In thr Finance Act 1984 ofay partial 
provision far deferred tax was constdard necessary m accordance with this pokey. Commencing fa 1984, provision 
for*r full potential liability on all umfag differences has been made at the rates of corporation tax expected to be m 
(row at the time at reversal. Note IP to tfo baJaaor slims secs out the fed! poomiUI liability far deferred tax « each 
year end snxe 31st Dtccmfaer. 1981 and the rinoout p ro v ided fa the account*. 

No provision B made for UK or foreign taxation that could arise should the retained profit* of overseas subsidiary 
companies be disnfonrd to the UK. StafaaHy, do p rov t sfau is tnsdr Cor taxation that cofad arte 00 the disposal of 
the Graop't proper ti es at tbew revalued amounts, where safes are nttantitipned, 

(pi haanu 

Tbe Group operate*, defined benefit, funded pension schemes covering *e majority of ns employee*. Contribatkxis 
are duigedagunK profits as made. Acatand ifaurtMCts are earned uwaimutfir. 

10* June, I486 tq| Sn aps. financial futures and options 

Fees and amounts reoenable and payable under swap amove*, togeth er with grins and losses on tbe related 
beejjing transactions are spread over the fan* of the relevant contracts based on an a sscstm es B of the net terminal 
value of cad* contract at each balance sheet date. 

Financial fatvaet and optima contract*, other than bedgtag contracts, are rained « market rate* rattag at the 
balance sheet date and the gam or fau on *cx- contracts a brought into the profit and loss account. Tbe gain or Ins* 
on hedging contracts ts taught siw the profit and lost account oner the period of ifar reft ced (raMacBam. 

Yean ended 31st December 

B. Consolidated profit and km accounts 

Profit before ta xati on 

Profit after taxation 
Preference dn idea* . 

Profit attribatabfe ta ordinary 

shareboUers before aetraontiiiary 


Extraordnury Bom 

Profit iTmbutihfe lorotlnury 
Diirdends on anhnary dure* 

Keejcscd profit 

Earning* per ordinary shai* 

Notes to the profit and k» accoancs 

I Profit before taxation 













. (9^46) 

















1 1300 

















16 . 886 ) 

9.4 40 

I {.7SO 




1 3.7p 


22 3p 


36. Op 

tare ended WuOtiwte " 
JSS* J9il ns* 

lUOD 1T30C t'OOO 

2 Tautiom 

Taxation a based on profit* for tbr tear 

and comprises 

UK corparatsaa tax 

Douhle taxation refeef 

Deferred taxation 

(OvtrpiadBpmritB for e artier vents 

Ta* «drt on franked unesnnem income 

' 2JD89 

c 1,321 » 








1 54J| • 






Overseas taxation 

6,63 1 

2368 . 







Anmriu by which the taxation chaige na* reduced as 
a consequence of ndt Branding for the fall 
potential habitin' far deferred taxation 









bumdanry ton 

Lxtraofdinarv Items after lax comprise 

profit on safe oft . 

• _ 

' fixed asset Wrestmena 

subtidiarv coropam (after tax charge 


. overseas freehold pTOpertv 


Sure issue and formation exposes written off 

Provision for reduction in rental income on leased 

asrets tafto- tax relief ofl4fi98fi00) 



Ad]UsnnesiC5 ro deferred tax provincial consequent 


upon finance Act 1584 






An «tra<8dfai>vprovisfan of iKfeW.WO vra, made in <984 m «pe« of the 

pragresshv redwaions fa rates of empomfan tax Unreduced m tbe fioance'Act 1984 tnajaed renta l a*m mwat 
dawes fa lease* written fat tbe Group resufaug fa a reduction in natal mean* recarabfc ova- 
*e femo. The «raoidfa«v dbaje ripomeots nrinapalK *e es*na«d amomR erf *e wdfamon farrorf. 
receivable, less promecthe O^roda reAwkiu. The finance A« 1 «W abo gave mew “ 

extraordinary chuge of £lfi97dl00 in 1984, related to adjustroeno in respect « defeaned tax: rebtf on certan tom 
loss pro virions. 

4. Dirhienda an ordhurr shares 

Dividend* on cadmarr shares a*usted far'capiialiMDon issues durk^ *e period and the one fi*r orr GapitaSuiian 
issue described fa section E beknv were: 

Yeact ended 3fR December 
1981 1982 1983 198* MSS 

Dhdden* per ordinary share (net) 2.lp lb2 Sp 

t Etmfc^s per <ndk*uy share 

Enmkns per or*aary share are cafcutaied on the profit attributable to ordinary shareholders before enraardmvy 
fan and on the folkwing weighted average numbo- of ordinary share* in issue during each ywr, a fter adjustment 
for r^wttltaMirai knwcikimvaihe period and the one few one rapmfaaimn awe described fa secticn E befewn 
-«> r- Yean ended 31« Decemfeer 
















Aahusted wfafaned average aumbre of onhnarc 

dure, ^ . • Si.fitiS 84,016 fM.4l« 91J40 IH.M 

Use faotiise fa the ^paud wfaghted average nsunber of Ortfaiary share* fa 1985 uompared «i* *e previous year 
arise* mambas a remit of the issue of shares doriig 1 984. some of which were partb paid fa 1984 and became fisBy 
paid on IT* April, 1985. 

Eamiags per ardmarr share ana fiiBydduted bash would not Ik materially Afferent fron *e bgurcs shown. 

C. CgBMfidstedbfaaoesheaf 

At 3lst-December 




' 1983 








Briances whfe hndns and nsoivr at call 






British Government lined securities 
CtrtiSamsof deposit, treaimv bifis and. 







balh dncoonred 





Moner at short notice 






Other loans to banks and loeri afahorins 


.' 216378 





Tradfc^securttn . 

interest retrirabfc. sundnr ffebton and 


' 24jb03 












Loans guaranteed bv H-M. Go K enunoJr_ 

■ 4 






Lous and advances 







Net ■■irvimHg *w iferince fasQ 


62.65 r 





Other securities 

■ 5 






•Ifabilitrof cumauers far acceptances . 






Freed agets 












Share capital 







Res ores 







SharehaUcn* fan* 






Loan capital 












Deferred taxation 







Current and deposit accotmo 
ftucrcst payafeie. sundry cret&m and 













Ctarenc taxation 






Dtviden* payable and propored 






Acceptances far cusucnen 











Notes to tbe asntoiidated balance sheet* 

I Other bans to bsdts and local authorities 

Baimces GOfag due after more than owe war a m ou n te d to £57,1 «M)00 » 31st December, 1985. 

2. Trading securities 

Tradug securities, ax market rahi? or Directors' valuation fa the case of unquoted boida^p. were at fbOowx: 

At 31a December 

• 1981 1982 1983 1984 

XD00 rOQO i.’OOO 1D00 

CWt ta oo a n x pg fo wxf stock exchange: 

Listed fa Great Britain 6,056 6J79 I8.7U M.m 

Luted efcewhere 

Guaranted fa- overseas government* IZjOSS 1 J3S 870 10618 

O'*" M91 4J60 1 3,875 16^59 

Other quoted soenntiev — 3^29 

Unquoted securities — 4,000 |«89 : 

3. Interest receivable; nmdnr debton and prepaymena 
Securities trading bakmoea 
Other nans 

4. Loans, advances and net investment fa finance hates 
At 3 1 st December. 1985, these fell due as follows ■ 



Wuftfa one year 
After more don enc rear 

5. Other sec ur i t ies 

Dealt fa mil reco^uaedatock exchange: 

Listed fa Gnu Britain 
Luted **se 

Guaranteed br overseas et rr vmiu a iu 

Other quoted securities 
Unjuoud sentatfes 

- 1981 













































55,909 . 


TOA7 1 













Loans and 




Net investment 
in finance leases a 

moo _> 

20,780 ' 
136416 ; 



156996 ' 

At 31st December 

1?82 ' ,W3 - 1984 1985 

«M0 J.'OOO ■ £uoo 00 i.tK» 

2QJ40 19^80 29,727 36^08 

l“5I W52 *■« *3*6 * 

1.184 2faQ8 381 UI7 . 2331 \ 

JJ03 3^71 4«9 3,144 1,263 j 

-82H4 64J70 (O flftv j i9g * 

_ i8 ’ >77 VffK 95j52 103.716 45346 \ 

Ac iltt December. I9S5. the mgfeet vahe of Ikiwd swrf __ Aj _. . 

• 610 558 809 982 2.210 raUiatioo ofwjqifatcdiecuii^ «^ritia yras 4*6,707^00 and the Dmvaots’ : 

i,» iqu i«i also 4 vi 7 h nflraM In secoritxa bated In Great Briasa at iltt ffarmihaj. i4i|5i 1 4 l | a , , u .', i ■«. ... . 

JiS _i!f J 22. ; 

rofii before ujutmatsxnited a after dwging: 
Dnvtoes' tnwhunam 

• 610 





Audnoo* rananeratton 














6. trued cart* 

A* Jlst December 

Imrstmcnt* draft fo on 1 reeugHBcd 
stock exchange. 



• 1982 


. 1983 






LJurdm Great Britain 






• bated etowberv- ' . 



- 52 



Gnqnotcd mvcStmoiU 











Funuunv and other rapnfwnctu 






Free brrfd and fcasefwld propones 











At 3 1st December. 1985, the market uhte offend fisted wt i n v e st me nt s was t -(35.000 A* a Mm Dmmber. 
1985, the Director* ceasrdemi that the ealornfanqnotrd (bed! asset investment* was not less dun book value. 

At ilM December, 1985. unquoted investments iocfadecL 

M InteroBi in the following companies winch are defined as atsociraed compamo for the prepares of the vefc-rant 
Sta te m en t of toadied Accomituq; Practice; 

Percentage of 

Country of onfcun 

luto r p oraaoa shares Wd 

Credit for Exports PLC 
MGC (Resources) N.V. 

MT) ibonn Limited 

OH Research and Management Service Inc. 

Project Lout Monitoring Untiled 
Hordern Ub & Bode Limited 

Great Brtuifi 

Netherlands AnuBe* 

Great Britan 
Great Bnam 
Unsed States 
of America. 
Great Bnuu 

For the reason staled U the accounting pofiofs, the equity method of accounting has not beat adopted fcr 
these companies. The Group tka ean d of the 10 per cent. Cumulative Participating Preference Shares of 
Credit for Exports PLC ■ 

lb) The Group’s boldtog of 19.9 per cent of the issued equity capital of Target Group PLC at a cox of 110.4 
tndfaxs. 1 

(c) TV Group' »5 per cent. Itnuud partnership merest in Posher ft Bmfe The Groap has sutoequotriv acquired 
the btssDKSi of fttuber & Btnte as set out n section E below. 

l<i\ TV Group's 29.9 per eesn. braised parmcritop fastcrest io Pincbm. Demy & Coi TV Group has uibwqoerMlr 
acquired the busmrss oTPachhi Demy S Cm * ret out to section E Mow. 

TV rahtc of freehold and leasehold properties at flu D wembt r. 1985 was mark upas Mto»v 

At Directors* valuation (3 1st December. 1984) 


Les» accumulated depreciation 

7. Sure capital * 

At Jta Decanter. 1985. the aiglxmscj . issued and fufk paid share capital was as foffcmv 












: — 


1 b.726 















4 per cent (no*- takingoflea as £8 per cent. ph« an assodoed ux credit ) 
CusmiLroee Redeemable Pretoence Shares of 1! each 

6 percent I now taking eflrct ai 4.2 per cent. plus an associated tax credit) 
Cawltnve Pre fa ence Store* of it cadi 
1 1 v* per cent {evdudug the associated tax credh> Curmdanre Preference Shares 
of 11 each 

5 per cenL fincfudBig the associated set credn) CumnJstivc Convertible 

Redeemable Preference Shares of 11 each 
Ordinary Shares of II each . 

Unclassified Shares of 11 each 

The -1 p a t o n P reference Shares are red e em a b le at per at the option of the Company at any time on or before In 
January. 2000. die 6 per cenL and II W per cent P reference Shares neither cam- nor are subject to any ryght in 
redemption. The rights anathmg to the 5 per cent P r efe r en ce Shares are referred tom section E below. 

At 31st December. J 985, optioauoutaaritffcg undo- the Campany’i 1974 Shire OpOao Scheme would on exerdse 
base resulted in the iisue of Jp60.740 ordinary shares. These option were ewrrfcaWe at varying dabs up to 24 th 
February. 1999 at prices. betneien 'KIpp and. - 354>p per share. Ahoai list Drcember. 1983. optio n s ouWlodh g under 
the Crrapma'* ltoH Sure Option Scheme would on exercise hare rctuhed m the Issue of 1.284AOO ordinanr 
shares. These optient snt omiaHe ut'aryragdares between 3lA January, 1990 and JOlb May. 1995 at prices of 
44 Sp and 4S0p per itore. , 


U) Mcvraoemi to Group rcaerresfoy the frteyo^s to 3 1st December. 1985 were ae follows: 


• 1982 









.At Ut Jasoarv 






Rriakird profit for the roar 






Goodwill written off 





Premium oa Vue cf stores 

6^83 . 





Expense* on ware a( dares 






Capitafisatfonissar of otdfiun stores 





Eurtot^ereaeslanroithBaroceiariirngtio ■ 

' camobdinon 




' 3.183 


Capnahsatioo tame of 11V*« per cem Preference 


' ' _ 


Sorpi u* on rarahsatkiu of fedriudd property 


- — 




Other sundry movement* 




1 (4.1 

.At 3 1st December 





1 583)08 

lb) The resenra of the Company *i Mtt December. 1985 1 


Share premium accwsnt ' 

Revaluation note 

. Profit and lots account 

IS9.3 nuBam of the Company's nen-dtHifimiaUe move* has condtaoniBy been applied m the owe fw one 
caphabsaoon nsue of ordmaiy stores described jo section E Wote. " 

9. lorn capita) 

U» LomapctaloftheGraop^asf^^ • 

Al 31 k December 

Unurnml bus bam bankers. ; 

Sterling loan (repaid 1984) 

US do&trfosn (repaid 1984) - 
US dollar. -Merhng loth repayable 199] 
US iJkr ban repayable 1992 . 







" rooo 


















• 6520 








• 13541 



7ri44 ' 















. — 


. — 


— .- 





1250* ' 

" 10J44 






- 70.107 


■ Other unsecured bus: 

Sterling ban 15. 339b repayable 1994-95 
Dutch guilder loam 8VW*’ repayable 1978-87 ■ 
Swiss Franc Notes 69b irepud 1983) -. 

US dollar ban 9Vytf> (repaid J96 1- 8? l 
US Doflar Fbacing Rate Ncces Due 1994 

Total loan capital '3W53 JS.J88 3 5*34 70.107 S7J92 

The nweeured loans from "bankers outstanding at 31st December. 1985 bear interest at variable ores related to 
London imer-bank offered rates. , 

TV total loan capita} e nt s taixUpg at list December, 1983 raised by the Company and a subsidin' has been 
advanced to Morgan Grenfell & Co. limbed on a nibon raare d bans- • . . 

(hi The schedule- acnedtng to wdadi loah capital oumanding as at JW December, 1983 M (fee for tc paj in et i t 

Wtthm one year 
Betnetn one ud twb«uh- 
Btswem wo and five vests 
In fee sears « more 

10. Dderredonoon .'* /- . . | . "" ™ 

TV fall poeenrul JuMSty for dderred wmAm Wng jmndpaHv ^ in Mpea of capital aHota&ces in excess of 
ifcp K C BUOBoacMa^hefSlarbtii^jK^ the j Btt wapurndcdrndieicciBnasiaiaiaflwa: 

■ 1 • At Use -Dec eadu r .. .. ■_ 

V . . 1961 1W 1383 . 19S4 1985 

i ' i-ooo . nw : ' moo ' ■ moo moo 

Mpoj«asdbaW«y . . . 55.1M «,!« 19.313 

Amotaa p rosydedm thcacCTuaa ^ j \ *._.'.* . 2WJfil . 29JH& -■ k*851 .- 40jo9" 49,173 

TV M pottt^EabdiDr has bm axujwredxarare of corporation tax of S2 pc* entrap in and tedodn^ }l« 
Oaremhc.' ]48)apif imcv then m the raes of corpotadoo ai the (me of revrrsals. - 

At list December, l^sS. iaaaooo (irWb a not mdadrd in the ihote figursiihat ermid have amen eo thedtspenaJ 

oi (hr Group* properties at their matted anwnitts was approx iinateh XJ ‘ million At 31 it December. 1985. 

u sacra twhich ■ also not esdtxkd in the abenr figures) that could hjhr amen on do niiu i a oo to (V Uimnl 
kingdom or Iff twa under the omtroDed ioretgn .-ompwqm kpslauon o! riming, tetamgd n otcncas 
sofeiduraa totalled ifpemuitlyis i million. 

It. intnest payaUe. sundry credom and accroab 

Sec ore try trading ba l a nces 

12. Gmangertt llahihrirsand qnuumme 

CmUMon iu \ J lt » »* v fffnnHimp 


Gturamees rod perfonnancx bends 
Partly pod investments 

At 3lst Dnembtr 

• 198) 






















1 31-852 



IT course erf buncos a JUi December. 1985 wtxt as 

A substantial proportion of guarantees and pafonnmce bands was fiiDy matdwd by counter ad enanm s given by 
tfaod panes. 

At 31u December. 1985, there were abo femtnamejm m respect of ibrHard oatraers n fcjmgn c uii en o e a , 
tmdoT v n t mg, luA t u ed credits and swap contract* which bad been incurred in the ordsury course cat busors* 

Capaal expenditure for winch on provision has been made m die consol Mined account; but »b*Jt had been 
contracted fin- at 31st December. 1985 amounted to £3643X41 Capital e x pen ditu re anrVnwd but not contracted 
foe at that date amounted to 4.3(16 milbcrt oi which 14 pnHus v.** fct dre ekp em at at cCTiqwn based yntetro- 

Ax list December. 1983. Grasp cunprak* w at partlea to agreements conferring mutual cptmu nlaio^ to thr 
acqubanoo of Pmdnn Denny A Co. and thr bums* of Prrubcr & Boyle for an aggregate conridaniui oi HI 
S*!l ion. uitncquank tncreiued m 1.31.35 miHkm, which would be sattsded by the c-sue a) anbrury chares and 
securities consertAfe mio ordinary shares m the Company. 

At list December. 1995, iV share capital of Wirgan GrenfeB krone Hohfangs lmdted hj» owned as re >1 per cent, 
by the Group and 49 per cent, by the former shareholders of XDchaH Lamte A P ar tners Ltmned. whose t han?, m 
Morgan Grmfcfi Laurie Holding- Loaned were the subject erf pot opcncs berwero them and fV Company 
exercisable be tw een 19(36 and 1995 TV conadtrauem due oo exercise of utch optmts may be saiwhedmcashcir tat 
the Company *1 dbcreaooi by the suae af ordinary shares m thr Company at their then market value TV rxerase 
price has re V agreed between uid, former shareholders and tV Lcenpany or. m defouh « a g rr em.n l. is 
d ete tuan ed by an expert, upon certain tfehned prwcqilo. 

D. Consoliciated suiensetm oftotarrcandopplicatioa offtmeb 

Soorce af funds 
Profit before taxation 
Extraordinary nails before tan ucn 
Ejodbinge di l ferenc e x 
hems MK invoking movement of funds: 

(Profit iloa on disposal of fixed suets 

Foods generated by operations 

funds from other sources 
Net preerrds of share issues 
Dated loan capital wstrd 

Disposals of fixed ataeis and fixed asset ui r miu e a ts 

Application of folds 

Addmoro re fixed aoaeo and fixed asset i 

Dtrxferxh paid 

Taxation paid 

Prechase of goodwill 

Dated loan capital i c de uued 

Other * ’ 

Represented byt ... 
Advances and ocher accounts 
Liquid and other hanbog auett 
Cretan, deposit apd other accounts 

Yean ended 31st December 
19S2 1981 |4M 

£*000 I DOO iTXO 















































5 ATS 



' — 










2 IJK2 










J4j2!i 1 219, 
8.173 (W. 9 KS, 

38,371 42.774 57^38 

«L6?8 2DJ99 

49>9 127.522 79^89 

24.732 11^52 

4.IS5 6.232 

17.128 8.748 

564 2.498 

4I6J23 293.497 32 9,640 455.522 

(106(685) 177.748 232.708 293.192 

(265^601 <4S3355) (534,131) .1682 J44) 

E- Sabsequent event* 

(a) GumoeM PLC 

As a result of purchases of shires in The Distdkrs Company pk in January and Febniarr 1986 shirh «*re 
subsequently assented re the final offer lor the dure capital of that canpmr made on behalf of Guinness PLC 
rGutanew"), the Group VaehcldK owns 48383,332 ordinary stock units of 2 ip each m Gumnrv. r*Gumnrs» 
Stock ottasT. TV Baud of Guhmeu his proposed that Gumness should purchase drew stock uok> for cash at a 
pner reflecting thek cfintHt com io the Group, cakit^ account of the Group's funding cost*. Thr nrcrvair 
resdutsoes to approve the proposed pmhree cotsrsn wire pa^ed at the tdmm meere^s of hoUos vf Gummess 
share and loan capaal on 1 7th June. 1966. TV proposed purchase contract presides for crenpimoti U> lake place on 
9th July, 1986 or such other date not being later than 29th May, 1987 as may be agrerd. On the basis that the 
proposed purchase n.conpirted on 9ih July. 1986, n is esoroaini that the total purchase price will be in the rerorr 
of £136 nuBvon, which cooqsares with a currenl market value of the Canutes* slack units to V purchasid of 
apprmdnuidy £148 miflioo based an the middlr itutici quotation of a Gamaes* stock unit oa ITtb June. 1986 Us 
derhed from TV Slock Exchaq^ Dady Ofildal lain TV Dtrenocs of the Company havr confirmed lhat if die 
proposed purchase contract h not bnpiemerued. they would adopt an approprute ahrmatnr means oi dealing with 
thb holding of Guinoess stock tmits after ccmsuluuon with Gomnexx In addition to tins bolding, the Group 
beneficially owns a further 7A25jO0O Gumness stock units. 

(b) PemiwS. Boyle 

On 1 3th .April. 1986 the business, assets and baMidm uxJodmg cmain amount* owed to or by the partnership as 
agent* and the partner*’ mcontr ux Uabdioo.) of Prrobrr & Bode were acquired b» the Ccmtpatn and the fimurd 
partnership was tfesohed. The total enroideration paid by the Company was £!0J5 milbra winch was satisfied by 
tV issue of 41 3^25 ordinary sham, credited a> ft) By pud iq> at 7i0p, and 7J43.478 5 per cent Cumulatrer 
Coorertible Rcdccnubk Preference Shares of £1 cadi, credited as fully paid Up » par t" 5 per cent. Preference 
Sbares'Jv iimnedaldy prior to this tssoe. 243,478 Undassdied Shares were dasaified as 5 pet cent P r efe rence 

TV 5 per cent. P refer en ce Sham convert into ordnxuy shares (except at specified ama n aanccs reJaimg ro the 
contmureg employment w-ttbsi the Group of the allortees thereof) cm tV fifth aimhenary of their allurmem cr. if 
such coarenioa b then suspreided by the holder of such share*, on the oarfaest of the next follow mg four 

* anotveraades os which comenion is not *o suspended, at the nee of £2 nonunal amount of orehnarr shares foe each 

£7.50 nominal amount of 5 per cent. Preference Share*. Th» common rate is stated alter adjustment for die 
- capita bsatfew hatte refereed re m paragraph tfi hefou. In respect of those S per cent- Preference Shares still 
outstanding auraedLueiy follow mg the tenth anravenaty of their allotment, tne fined cumulative preferential 
di v iden d of S per-cent, will be increased or decreased so that the market value of the 5 per cenL Pre fe rence share* IS 
equal to then- nominal value at ibis date. 

TV net utqgbfe assets of Pfctnber ft Bov lr acquired were- nfi. 

TV cumaarised audited result* of Fember Be Boyfe for tV last foe financial periods -were as fallow*. 

Peroxh ended 























■ TA67 

1.4 JO 


Profit before notation attribuoMe rathe 

• partners 1.198 IJ92 * T^67 I.4J0 1.901 

Profs before lamina h stated before chagtng itn ran enacw of tV partner* and witfacgn adjusting far the effect of 
withdrawal ofpartnen' funds prior to rompletion of ihr acq u bimm. 

Asrennizrv of the assets and habUnie* of Pereber & Bode at llth Aped. 1986a as feUowt. 


, Assets 

Money reoereaUe from diexta and die market in the atdmary came of 

Stock Exchange burines 87,453 

Brnkbahncaarncaii 3.448 

Other assets >0 


Money payable to dteots and the tsarkrt in die orefamry cctaxeof 
Stock Exchange business 
Other IwWftk* 

Pannera’fitnds indudlng taxanoo tmereo withdraw n prior w otaupfeocn 

tcV Tint ton, Denny ACo. 

Oo I lth .April, 1986. Moigan Greafcfl Secumie* Holdings United retired as l im ited partner m (he partnership 
Ptnrtai Denny & Co. On 12th Apri 1986, the business, assets and liaWities (euJut&g the parmm' mcomr tax 
Ifabihucsl of the partrasifaqi were tmfened io an untetfwd owqiiny. Piochin Dennv 1 Go. (theu called Pmdnn 
Dremy Securinesi, m exdiroge for shares oi the boer and U13J64 cash. 1 On 1 3th April 1986. all (he shares in 
Pmdfoi Dtiwy StCtv nw acquired by the Company . 

TV total cws id a iw nn payable by tV Group was £21 mtfbon which nut satnhed by thr hue of T69J1S5 radinan- 
diarw, eredned os folly paid up ai 750p, £14,419,169 nonsal of 5 per Cent Cbnrenjbfe Ltaerured Lon Stock 
1996 rS pa can. Lous Stodf \ «t par and a ash payment of L8t i.lfetroode by Pmcton Dnmy & Co. TV 5 per 
cent Lon Stock ~b eoacotMe (except in specified cucanstowc* relaiJng to dr c ai tt m ag enpfonneni wnhta the 
Group of the attoares tbqreii on; 10th June. 2991 and mrn wdneqaem 30th Jane until 30di Jure 1995 into 
ordinary share* at the rate of L2&66 Dontinal amomt of ordnury than* forey «y £1 00 nonunal of * per cent Lorn 
Stock. Iha asriewkm me is staled after adjustment for the capfidhanon baiie referred to in paragraph ill Wo*. 

. Thenrt tangible assets, of Ptoehio. Dram A Co. acquired were nil 






if Til 






1 98) 














TV Htmtnarised audited tesuhs of PuwhUL Down & Co. for thr lau five fioancial penuds were as foDowv 

Periods ended 

IVnfii before taxuMiaflnbuuUe 
to the partners 

Profit before taxation is stated before chn^ng remunt'iamn of thr parmet* and without adjustment I 
of withdrawal l& partners’ fund* pnor to compfremn erf ibr aequamms 
Aunnmwyofdrasrtsand liabtoea uf Pmdun. Demn 8 Co at llth April. 1 986 6 as follows: 


Bull met bought! posirionslat marker tahirl 

Debtors i doe roamk traen UK firms and Stock Exchange serdement offices) 

Moore paid against slock borrowed 
Bank balances and cash 


Bear (net tofdi pqsatmnsiar market rafoe) 

Loans from hanks and member firms (1176 1 miUion secured i 
Creditors (due manly to UK linns and 'lock Exchange setifemeni office.) 

Other assets less babdjues 

General partners* fund* including laxatren reserves withdrawn prior to compfelum 

Part nets' funds amouzning to £6 2 rreUioo mdudmg a subordinated loan were withdrawn by Moreau Gfwfcfl 
Seoirmes HoWmg! Lttnned prior lo die dose of business on llth Aptd, 1986 on us reuiemren as tunned partner. 

(dl Morgan Grenfell Lutne Holdings Limned 

Oa 9di Ma*. 1986. 35.396 ordmaiy dutn were otued, cmBted as fully paid up at 750ppa dure, to ccanldcmtan 
for tV acqutMtKUi by the Ceanpam of a farther 2 458 per emt of the share capital of Morgan Grenfefl Laune 
Holdings binned. 

(«V Re-regntnuonandchangrolaitne 

On 18th June, 1986, the Ccmpaity was nsregBterrd as a pubfac company under the naror Moegan Grenfell Group 


ifl Remgantsamm rod increase m share capaal rod capTUbsaterio issue 

Pnreuxtu to a Resolution passed on I7rb June. I98t>. conditional opco the admission by the Council erf TV Stock 
Exchange of the whole rtf tV Company's ordinary share capital, nailed and now brmg issued, to thr Official Lot cm 
or before 15th August. 1986: 

in iV Undasufied Shares were ciasiifird as « dinars- shares: 

IdirVaulhonsed share capital of the Cnmpane was mcreaicd toUJOnuRieei V the creation of anaddnmnal 130 
miibon ondmarr shares, and 

tun a sum of 159^96-743 vtandu^ to die credit of tV Company's reserves uas capiuhsed and apphed in paying 
up m full at par $9,296.24; new ordinary shares on the basis of one new ordinary share for each rearing 
oidmary share VIA 
Igl Offer of new ordinary shares 

la (he fisting particulars relating to tV Contpanv dated 70th Jane. 1986 and puMahni at c o n nection with an offer of 
3 TJXakOOU new orditury shares bv render <tV “Olfer'c die Cornpam has cstmulrd that iV O&r would rarer 
U 31 million, after expenses, assuming that (V new oedoury shares are issued a' the mtnnrann tender pnee of 425p 
per ordmary thare 

rti ) Pro-forma coroolslaird net (aogiNr asset* 

On a pro-fonna base-, after taking accounl oi the foSou mg. , 

(i i die past ha Vxr sheet events re) oul m paragraphs (bi to (gl abma 

<ul the exrrcase nf employee dure option* since 3 1st December. 1985, and 
ItMtconin-jon of x pel trot. Pre fe r eree 'shares dnee 3l*t Drcember . 19»>. 
afl as if thev had taken place on Jlsl Drcember. |98$, the comolulaled net tangible assets attributable to the 
ordinary shareholders erf die Company at Jl-t Drcember. 1*915 would have hern as (allows: 


Ne* tangdrfe afsets al ilvi December, 1985 228.568 

Odmarv share capital ixiued ( including premium] 10.770 

5 per cent. Preference bharestssued levs thm-.craiverwd 6.726 

Goodwill w nrten oiT m respect of aapirsitsew (3 1,591 ) 

Lsumatrd proceeds of the Offer at the mimraum tender poor afiro expenses 1 31,000 

Pro-fotroa net tangible assets 34 5,473 

Less preference thare capital currently m issue (19.726) 

Pro- Forma net taqgftrfe assets attrfouiablr lo erduijn- shareholders 325,747 

Pro- fonna net RngAfrasarU per ordtiury' share after die Offer 2)6p' 

Pro- form* net tangible assets per ordmary share on a fully diluted basts would Ml be materially different from the 
Egure shown. 

TV rakuiatien of pro-forma consolidated rat ungthie as*ei* a based on the craiurfidaird balance Jteet of the Group 
at (1st Dec em b er . 1985 as set out ui this report, ft dors not lake any account of retained earamgs m respect of the 
period smec 3 1st December. IW3 and ha* been made (or dlustratne purpose* only. 

Yours (aithfuDv. 

Spker and Pegkr 
OtarvreJ Auountooa 

Further definitions 

TV foQowmg further defttfitnox 

“4 per cent- Preference 

"6 per cent P reference 

“11*6 pererm. Preference 
's per cent. Preference 

"the Preference Share," 

*5 percent- Loan Stock" 

“the 1974 Scheme" 

“the 1 9M Scheme" 

“the 1986 Scheme" 

“(he Share Option Schemes" 

“file UK Sura PirDapjaon 

“five Ov tne** Share 
Participation Scheme" 

“the Sure Partmpauon 

Poac. MarwicL, Mnchefl ft Go. 
Cbaun i . to ua w a 

apply throughout the remamdre of fins document, unless the camera otherwise 

iV 750j000 4 per can (now ulung effect as 28 per cent, plus an associated OX 
credit) Cumulative Redeemable Preference Shares of £1 each X (he Company 

the 25(1000 6 per coil mow lakmg effect as 4 2 per cool phw an associated rax 
credit 1 CumuLuirr Preference Shares of £ I Nth in the Company 

the llfiTOJW 11 V* per cent, i excluding (he associated tax oettil) CutnuUthe 
PrefeoKc Shares of £1 each in the Company 

the 6.726J387 5 per cent. I including the as soci a ted lax cretin) CromtUoie 
ConvcttiUe RedeemaUe Preference Share* of 11 each m the Company 

die 4 per cent Preference Share*, the 6 per can. Preference Shares, the I IV per 
cent. Preference Share* and the S per cant Preference Shares 

iVU4A)9.ltATmnmalamoDMrrf5pacaW Convertible Unsecured Daan Stack 
1996 oJ the Company commuted by an inurnment dated i 3th Aped. 1986 

tV dura option scheme approved ar a general meeting of the Company on 1 1 fit 
December. |97*,a> amended on 14th January. 1980 and 2bth March. 1980 

tV share option scheme esiabfished under the Fmance .Act 1994 and approved at a 
general meeting of the Company on 15th May. 198a. » amended on 15th May, 
1985 and I7ih June. ISS'fiand candttianaiK atnaxkdoa i7th June, 1986 

die dura apaan schanc approved at a general meeting of the Company on 1 7th 
June. 1986 

the 1984 Scheme and the 1986 Scheme 

the profit during scheme euahhshed tinder the finance .An 1978 and approved at a 
general ma t ing of die Company on 14th January, J9S0, as amended and extended 
prior ro dirdiie of this document and conditmnafly amended an 17d» June. 1986 

the profit sharing scheme approved at a general meeting of tV Company on 17th 
June. 1986 

the UK share Partjopauon Scheme and thr Oreneas Share Participation Scheme 
the Ccenpraio An *985 

Memorandum and Articles of Association 

1. • The Company"* princip al object* are set out m dame 4 erf its Memorandum of Asvocutrao. winch dame was 

adopted by atpedal resolution of the Company passed on I7ih June. 1986. and include the camwig on of the 
business of a bolding cornpam or a property or Imesttnem company, the provision of service* as adrtsers. 
consuhant* and broken, and the fending, brarwtng and rasing of money. 

2. TV Arndes of .Asaodatrar of the Ccmpail). which were adopted on 1 7th June, 1986 condrtwaaBv upon admnskm 
bv- (V Cewicil of The Stqck Escbinee erf die whole of the Company's ordinary dure capita). Batted and now being 
haurd. to the Official Lise an or before 1 5th August, 1986 contain, inter aba. pronshwi which have the UVng 

(a) Dividend* and diftribatitM! of assets on winding- irp 

(n TV 4 per coil Preference Stares rotifer the nghi to a fixed cumulative preferential djvwfend of 4 percent, per 
annum [a* a result of tbe finance Aci 1972, effectively 2.S percent plus an ovx ruicd ra* o rite land ihcnght 
in a winding -up to repayirarm of ihr capita] paid up ihoren and anean of dividend ui priority io any payment 
on shares oi any other claw, but confer no further right lo participate in profits or assetx 

(li) Solqea lo thr nghxs of fiie 4 per con- Preference Shares, tV 6 pa cent. Preference Shares cmfer the nght to 
irtrtve out erf the profit* resolved (a be dairdmiEfi * fixed cumulative preferential dlnhmd if b per cent per 
anrnsn (as a result of the Finance -Act 1972. eflecinefi 4.2 per rent, plira an associated ux mdttfand ihr right 
in a winding-up, or olVr remro g]' capital, to rrpaytncnt of the capvul paid up (hrmn, pku a prenuum of 10 
per cent., and all atntarx and accrtuh of dtitdewiTher rank mptwinty to thr shun of any other cLnsiyateept 

the 4 per cm. Pteferenw shartsi toil Confer no further i%ht to parwipae m profit* or arart*. 

fui) feubpet to the r^b®ofihr 4 pa cent Prefeimcr shares and the b per cm Preference Sharre.tivr I1W per 
coil Preference Sura confer thr right lo rccenr out af thr profits mohed to be d h tributed a fixed 
cutmilMire preferential diwfcnd oT II fo per cent, per annum (ecduduig the associated lax credit I payable on 
lm July and 1st January n each year and, m a return ol asoct*. lb repayment of dvr capital pud up thereon, 
plus all arrears and ac crush of dividend and, on a iirfunurv windmg-iip, a premium equal to any imteis oner . 
char iwrtnal valor of didr avenge pner over the three .month period ending » day* before the date of the 
nonce of ihr mertit^ to camder the wmdiitg-iip, after dcducta^ anesx and accruals of dnidoid They rank 
in priority to the stores ci f any other dasa 10071 dir 4 per COT. Preference Shares and thr 6 per Cent. 
PtdcxoKc Sbami but confer do further ngftt to participate m profits or awets. 


ftv ) Sublet IQ the right. aT the other du» of Preference ftara referred n» m paragraphs a*l dMljUnd (Ui) 
above. the 5 per otl Preference SWs confer itangfaw «“ P™ 11 rao ™ IO 

a feted cumltive preferential dftfa end of 3 per cent per annum i lauding the anoenred wwto ; the 
amount pud up i hereon. parable cm In Jolt and 1- |m*«* m each rear If am S per can. Prefaence Shares 
reir^Juu^^ 14* April, I**. the drifaend h then w be UK«*ed or .leaded be ^ amoumu 
weraH resti/t m diw mart* ralur tail* equal » «bar noounai rakir On a murnofeam. the a pci cent. 
Reference to are enodrd W repaint of the amount d ophaJ paid np Aaron ph» aU a rras and 
accrual* nf dindgnd Tba rank in priority ra the stares of any other daw lextept nir a per cnn-Prcfercnce 
Shares, the 6 per cent. Preference Slur* and the 1 1 W per cent. Preference Sham! but Wider M fon^tigh* 
to paraapale m profit* or as*eu 

tv) Sub,w la to and dK^hurf dm hohfen Of the Preference ^^Q^ m^orc^ 
declare tfavtdcnda but "°t m exce» of the amount reccanmendea by the B oa nt. Save wtioc the rights 
«• terms of issue of am Jure, otherwise provide, dividends P«w be apportioned atennteg to the amounts 
pud up oo die stares dunne the period in respect of which they are paid. The Board may pie such merim 
drrfckndv as tto consder ,uMilied bv the financial position of the Company Any dividend unclaimed after a 
period of iw-ehe rears fami die date ofdedaraoon will be forfeited. 

Sublec. to the to and .be irahis of the holders of the Preference Shares, any surplus assets on a iradmg-np are 
10 be ilrnded between the Wden of the mdmary shares aocordrag u the numbers «f ordtaary stare* they 
bold. A liquidator mar. with rhe sanction of a special revdutkrn. divide among the member* in-kntd aU W part 
of the assets of the Company as be deems fur. 

(b) Votes of members 

Subject to dbenfrandwemaK for non-payment of calk a «her sums due on shires, w fcr non-compBanoe with a 
statutory notice requiring dndosurr as n beneficial ownership, and subject to any apphaWe special rorte g terms 
on a show of bands cvtrv member presctti m person at a general meeting has one vote, and on apofl every member 
present m person or by poxy has one vote lor every £( nominal amount of share capnal bdd by tan. 

Notwithuaitdrag the above: 

til the hddss of the 4 per cent Preference Shares and the 6 per cent. Prefermce Shoes are not entitled to notice 
of nor to attend or vole at any- general meeting imkss amiened for the purpose oi pa asng a iqolutton altering 
the Articles of Asvoaation m any manner directly affecting tbetr respective r^dits and privileges, or lutkaa rbnr 
dividend a in arrear for more than twelve months and remaira. unpaid, these dividends bang deemed due an 
30th Jinx and list Decembers and 

(UI the holders of the 1 1 1* per cent Preference Shares and the S per cent. Preference Shares are entitled to notice 
of gown! meetings, but are entitled to attend only if die busmen Include* a resduUoo on which they are 
milled to vote, being a resolution directly aff e cti ng any of tbdr respective rights and privileges, or If, at the 
dare of die notice convening the relevant meeting, then 1 dividend u six months or more fa arrear and remains 
unpaid cm the dale of dir meeting. 

(c) Transferability of shares 

Renounce! Me fetters of allotment which mH be negotiable unol J 00 pan. on 29th August, 1986 wUl be issued la 
ettstme ardmarv shareholders lather dun the shareholders refared ra in paragraph dial of * Pul tiler mJanrutiaa'* 
below i m respect of anfeurv shares allotted pursuant to the Cipnalhalkm Issue Subject thereto, the ordinary shares 
and the Preference Shares are m registered lomi Any member may transfer all or any of hb shares by an tommsem 
of transfer m anv usual form or m aitv other form which die Board may approve The mstrumau of transfer mult be 
cwcuied by or «io behalf of the transferor and i in the case of a pardy-pud share) to transferee. and the transferer is 
deemed to remain the holder until the transferee's name h e n tered In die Raster AD the new ordinary dunes mm 
bong offered are subject to payment m foD on application. 

The Board mat decline to register any transfer i other than of 1IV”, per cent. Preference Stares or S per cent 
Preference Shares i of any share which is not folly -paid There is no restriction on the regntrauan of a transfer of 
folk-paid oidman share- provided the duly stamped transfer is. tij lodged with the Company' accompanied by the 
relative certificate and any other evidence the Board may reasonably require; lb) in respect erf only one dau of share; 
and i mi hi favour of no more than four faint transferees. 

(d) Variation of rights 

Subject to die to, the special rights and p ri vi leges attached to any class of share may be altered or abrogated with 
the consent in until* of the holders of not le» man three-fourths m nominal value of the issued shires of that data, 
or with the sanction of an extraoithnary resohmoa passed at a separate general meeting of such holders, the quorum 
beii£ two pencea at least holdng, or representing by proxy, in the case of the 4 per cent Preference Shares and the 
6 per cent. Pre f erence Shares, 75 per cent, and, m the case of the I HA per coil Preference Sillies aid the S per 
cent. Preference Shares, one-third, of the issued shares of the das* and. m the case of the ordinary shares, not less 
tbjn one-thud m nominal value of the issued shares of the dasx. For this purpose 

(it the special rights attached to the 4 per con. Preference Shares wS be deemed to he altered or abrogated by the 
creation or issue of further shares ranking pan passu therewith, but (save as mentioned below m rebdon to the 
I IM per oeni Preference Shares) the special rights attached to am other class of shares issued with preferred 
or other special rights will not, unless otherwise expressly provided hr then- terms of leaue. be deemed to be 
altered or abrogated by die crcattno or issue of farther shares ranking pan passu therewith, so long as the 
aggregate amount pud up on the 4 per cent. Preference Shares, the 6 per coil Preference Shares «d aU shares 
ranking pari passu »ith the 6 pa cent Pie fe/ enre Shares does not it any raw exceed the aggregate amount 
pud op an aD sham tanking after the 6 per cent. Pre fe re n ce Shares; . 

(iil tte Cienpanv may create and issue farther preference shares ranking pari passn with (fort not In priority to) the 

1 1 1,4 per cetiL Preference Shares bur only if the Auditors certify that mtmedmelr following that issor the 
^grsate amount paid up on the 4 per coil Preference Shares, the f» per cent- Reference Shares, thr 1 HA per 
cent. Preference Shares and all shares ranking pari passu with the 1 1 V* per cent Preference Shares will not 
exceed 2S pa cent of the aggregate of the paid up share capital and reserves as shown by the that latest 
audited consolidated balance sheet udjusied to reflect any auhiequenl BAUr of shares I; 

(Oil except as mentioned abate, the creation or n«ie of fartha shares ranking In pnceity to. or pari pasta wldh, the 
ll 1 * percent Preference Shares will be deemed to be an alioation or abrogation of the s pecial nghu attached 
lo those shares. Thor special rights and privileges «fl also be deemed in be altered, or abrogated by. (I) any 
alteration or ah rogation of the r^Jus and privileges of the ; 4 pa cent. R ufe i tnc e Shares or die 6 pa coil 
P reference Shara. other dun their redmtption. repayment or purchase (3) the passing of a resolution for 
reducing the share npnl, capital redemption reserve or share premium' account' otherwise than by the 
Application of any amount for any purpose pomined by section • 1 102) of the Act; or f l) the passing of a 
resoludeo for winding- up the Crenpam ; and 

<H) whilst any S pa Cart. Preference Shares are capable of conversion, the spedal nghts attaching to those shares 
trill he deemed to be altered or abrogated by tl) the .Issue of farther shares ranking m priority in the 5 per 
cent Preferenc e Shares, except that the issue of shares ranking pari passu with any of thr other dasses of 
Preference Share will not be an alteration or abrogation whoe h b not, by vvme of the Artidcs of 
.Association, an alteration or abrogation of the rights attached to those dasses. or lit a capitalisa ti on taue which 
results in die oommal value of die ordinary shares into which Spa cent Preference Shares may be convened 
exceeding thr nominal nine of the shares converted. 

Except as mentioned above, the nghts attached to any shares shall not be droned U be vaned by die creation or 
issue of fartha shares ranking pari passu wuh ihem unless the rerun of those shares expressly state otherwise 

(*J Conversion of the Spa cent Preference Shares 

li) (!) Except as described m paragraph ZieVIk) below, on I )dt April kt each of the rears 1991 lo 1995 (bang 
“Coovciixxi Dates" i aD the 5 pa cent Preference Shares then outstanding wiB convert no folly -paid 
ordinary shares (m the ratw, following the Capitalisation bane, of U nominal amount of ardnurv shires 
for each 17.5B nominal amount of a pa cent. Preference Sharesi and folk -paid Special Shares (“Special 
Shares" see paragraph 3irxh i below j by the consolidation of all die 5 person. Preference Shares in any 
holding imo one share and the divbxia of that share Into- (aai the requisite number of mdoury shares 
cadi of the same nominal amount as each ordinary share In taw at the Comeirion Date; and (U>) iMO 
one Special Share of nominal amount equal to the excess of that of die consoli d ated share ma that of die 
ardnurv share capital derived therefrom. 

l2l If anv anginal aflaita of any 5 pa cent Preference Shares in the employment of die Group, (aai retires at 
the age of AU or ova. tbbl retires due to dl -health, (cel dies or (ddl h made redundant or » unfairly 
dismissed, all ihe 5 per cent Reference Shares allotted to and then bcnefidalk held by him (or fas 
personal representatncsi wdl, except as described m paragraph 2(eXiiil| bekrw. convert two months 
aha the refevanr event 

{ Jj If while ant of the 5 pa crut Preference Shares b outstandiiig, an offer » made for the orduiarv' thara 
and the Company- becomes aware that thr offeror has obtained control of more than SO pa cait thereof, 
the Company must give written nodee to aD the hofdcn of the 5 pa cent Preference Shara and aD those 
shares wdl, except as described m paragraph 3(ei|uj bdow , convert two months after the dale of that 

(a) 5 pa cent P re feren ce Shares wdl not convert if. (II between 28 and 14 days prior to the relevant Cameroon 
Date, the Company receives a suspension notice from the bolder, or (2| prior lo I Jd» Apid. 1991 the anginal 
allottee either (aa i ceases w be cromnuaujly emploved by thr Group or any forma subsidiary otherwise than 
as mentioned Hi paragraph JirtiaJi above or by rengolng with his efnjdoyer's consent: or (bbi transfen the 
beneficial mrerest in any of hb 5 pa cenr iTderence Shares (except by rraraanuHon on death). S pa cent 
Preference Shares rhu* prohibited from convening are eaDed “Excluded Shares" 

(ml The Company must use aD reasmuhle rodeavoun to obtain a listing on The Slock Exchange for aD ardmarv 
shares resulting from com ersem. 

(n } Special Shares are not rratbferable and do not entitle the holder to the payment of any dividend or to any 
repavment of capital on a return of assets i except for the sum of Ipior to receive nonce of or attend or vote at 
any general meeting They may I subject lo the Acti be cancelled by reduction of capital, without payment lo or 
sanction of the bolder, and the Company may at any rime after the earliest ConreEsna Date redeem all or anv 
of them for nut more than lp for aD the Special Shares redeemed at any cme une 
(vj If the Convert*]!) Dale falls un or before JOth June m any financial year, ardmarv shares derived hem die 
conversion will carry the lame dividend nghts as ordinary duns dies m issue m respect oflhal (hit 00 earifer) 
financial year, and the fixed preferential dividend on the converted shares will cease to accrue as from the 
tnttneduirly preceding 1st Jinuarv- If the Comeruan Date Calb alia 10th June at any financial year, mfaurv 
shares derived fmm the conrenjon mil cam- die same dividend nghu as ordmarr shares then m tuor In 
respect of that financial tear except for die first Hire run dividend paid after convoslon. and die fixed 
pc dernier dnvknd "ti rhr convened vhares wtD cease to akxnjc as front the mmedlitriy pretedmg 1st Julr In 
each use they will, in all other respects, rank pari passu with the fully-paid ardmarv shares. 

(I) Other rights of the 5 per cent. Preference Shares 

(n If ihcre r a cqnulisatKat raue in the balden of die ordinary shares, the nominal amount of ordinary sham 
into which 5 per cent. Reioente Shares convert will be mcrewrf and the nocratuf amount of Spe cial s luia 
cocrapondmgli decreased, bv such amount as the Board thinks appropriate and as the Auditors confirm (o be 
Ciirand reasonable 

liil If irmneduieli following a Coirtagan Date less dun 2a pa can. tin nomnul value) of die 5 pa cent 
Refereiwe Shares ongmallt m issue remains outstanding, the Company will be entitled within one month to 
convert afl outstanding a per rent P reference Shires other than Excluded Shares. 

(Ini If dine is a rights issue cr oxba oiler made (except m oomtectKM with a take-over oBcr) lo the balden of the 
Oitfuury share capul. (he Compam must nuke or, M far as R b aWe. procore to be made an equivalent >**ue 
or otfer at the same un to each bolder of 1 per cent R e fe rence Shares as if such shares had aD convened 
pro- hi the refer ant record date 

tnl If the Company is placed tn Ixpudauno. holder, of 5 per cent Preference Shares lothor than Exriwfcd Sharesi 
may dea la be treated as if llmr 5 per uni. Preference Shares bad Ken convened mmudjauh belore chat 

tvj Until 1 1th 4pnL 1996 and wbde any of the S pa cent Pre ference Shares renum outstanding and capable of 
oanveiMOn, IW rmoluuon mav be passed varvmg the rights attached to die ardmarv shares, reducing three 
captal or saunnning the purchase b» the Company of da own shares, exeqtt with the content of rhr holders 
lif the i percent. Preference Shares ^nen at a separate dais meeting. 

(gj Redemption of the 4 pwccnL Prefirrence Shxi-M and tfar S percent. Preference Share* 

fit The Company may at anv tunc on or before 1st January, 3000. on «x mouths' nonce, redeem itw! of profits 
aradjbfe for dorritatrioo or oar of the procreds of 4 farther issue of share* for the purpose) ad or pair of the * 
pa cetiL ftefrrwvse Sham K par ugerher sswh aman awf accnuh of (tmirnd la ^ ptrtul ndanprtaa. ihr 
iham n be redeemed niD hr sdmrd by a drawing 

(nj Subject to the cousent d' the Holden of aD other classes of Preference Share*, the CoRpam may at anv time 
after Ikh Apd. 1^ 996. on six irando' d«m. redeem lout of profits available to dWnbuuon orouiofthc 
proceeds of a further issue of shares for the purpose) aO or pan of the a pa cent Prefetwc Shires at par 
togetba with arrears aud accruals of dividend. In a partial redempaon, dre shaiei to K redeemed tsiD be 
selected by a drawing 

(h) Alteration of capital 

Sobfea to the prorittow of *e Aet, the Ommny out. K ordimrr mobinm, foatase is dare ctpbl cmoHaw 

' and driitfc all or am of Its Aue capital Imo JBiiHrfalrajeraiiimintsMlWftideteJwo kRO mmol » amrr 

■nouM and oneel any shares vriprii hare not b« taken or a^«d to be taken and cmTCjpmrfagk redace id share 
capinl; and by special resolution, reduce in any nay ha share capital, any Opuri redrmptwo rerenc and anv jharc 
pnfjmM xcounL 

P) Untraced shareboldm 

Sub|ect to vanow note requ ire ments, the Company mayscB fay drifiraTyAaratfa m«g)Kr if, during » period of 

twelve yean, at feast three <tp4dends on those shares have become payable and die cheque* or warraon hare 
remained unasked and the Company has received no bdicathm of die esAunce of sndi member diumg due 

0) Directors 

(i) (toimoem by rotation 

At every anmul general mccOog, as near aa posfafe to one-durd of the Directors retire by rosioou and « 
digjble 'for re-e l ection. Thr Dnecwrs to retire are those who hare Ken longest in office or. in the case of those 
wfo were dated or ir-ckacd on the same day , are (unless they ptha*£ta agree) deterasned b* lot. Any 
Director appointed by the Board will hold office only until the nco-atuuul general meeting, when b e will be 
ckgMr hr iwdcnioa but «fl not be liken into account in iktciuituiug the number cfDt=vU»* Bo retire fe 
rotation at drat meeting. 

Cat Restrictions on voting 

Save as mcmaoocd bdow, a Director may nut vote (nor be counted in i 
resolution in respect Of any cautren or arrangement ax which he fa to Ms 
docs, fas rote wiB not be coemcd. The Company may by- ordinary resoh 
tn any extent or ratft amr transaction not duly au th oris e d by reason of «t 

in relation to anv I 

to him of any 

of the Company which he has hmwelf guaranteed or secured; (3) the subscript™! or underwriting of any 
shares, debenture* or otfaa securities of the Company by htaq <*) any contract or arrangontiU in whidi be is 
HKCresred by virtue of Us fiuercst in share* or debatwres ar other seemitia of the Canpany; (5) any oonoact 
or ar rangement c o nc e r nin g any ot her c om p an y In which be b interested djrecdy- or tadtaedy In tas^than «me 

pg cent of tK equity thareca|rftal or voting rgfas; (6) any ptqwsalooncantag the adaption, modificati on or 

operation of a pension fund or retirement, cfeaut or dbabdlty- benefits scheme which relates both to Directos 
and cnqdovees of the Group and does not provide fo respect of any Director as such any prfvdege or advantage 
not accorded u the relevant employees; md (7) any aiiangunun far the benefit of employees rf the Group 
under winch he benefits in a stadlar nranoer to employees and which does, not acocsd. to any Dtrectm- as nch 
any privilege v advantage not accorded to the rdcrara'einpforoes. 

(H) Ranancrstioo 

The Directors may be paid foes aa daermmed by the Bond up to an aggregate (exduding re mon e ra timi paid to 
executive Director*) of £120,000 pa annam,' ar such fegha amount as may be dewmhied by onfaura- 
rcsolunoit. Tbc Company may repay to any Director aU such expenses as he may pnqxxk and reasonably Incur 
fa the cooduct of the Company's bwsineH or in the dhchaige of bis duties as a Director Any Dirac tut who by 
request performs specs! services, err goes or resfcfca abroad Iot any purpose of the Company, may be paid wdt 
extra icnunmnn as tfar Board may determine. An executive Director is entitled to reeefec such 
rennineraum (whetha by way of salary, cotnnuuicm, partidpuiaa fa profit) or ochavrise) as (be Board may 

At) Pensions 

The Board may procure the payment of pensions and other benefits to. among others, any Director or forma 
Director or persons connected with than subject, alter alia. Hj rise cue of payments to a Director Of forma 
Director who has not been an employee or other officer of the Group, la approval by erdhmy reso lut io n . 

(»•) Age limit - 

No Director h required to retire from office and no person b precluded from b e comin g s Director by wasoa of 
having attained the age of 70 years or any other age, nor is special notice required in connection with the 
appammxsu or reiippofaxinent of any sueh person. 

(vl) Borrowing powers 

The Directors mat exercise, without limit, all powers of the Company no borrow, money rod to mortgage or 
charge aD or part of itsoutdernklfg, property, assets and uncalled caqhiat and to bsnr d e be nt u res and other 
■ccoritk* whetha ootrigj* or as security for any debt, liability or obligation of the Company or of any third 

Farther information ' ' ■' 

I. Tlu! Company and its share capital 

(a) The Gompanr was incorporated in England an 24th November, 1971 ander tbe Companies Aca 1948 to I9fi7 as a- 
compinv hmued hr shares with the name Morgan Grenfell Holding) Limited. With effect from bt September; 1981 
the Company became a private company within tK meaning of the Gxapsnfas to 1980. Th* Company »U 
re- re g istered' on iSth June, 1986 as a public comptay and operates under the to rotfa the name Morgan Grenfell 
Group public Entiled company The Company is re gisin ed in England and Waletjwfih registered putnba I032JJ2 
and ns regis t e red office and prindpal place of bunne* are located at 22 Great Winchester Street, London EC2P 

(b) The 11V4 percent. Preference Shares were created by a spedal resolution passed on 12th June. 1981. porviant » 

which: (II the authorised share capita) of the Comp anv was increased -faoni £45,000j000 to l52JOOtUXM) by the 
creation oT72M0j000 l tW pa trait. Preference Shares; (U) 294,118 Undaraified Shares of Jul each were dasafiod as 
1 1 (A per qhil Preference Shares,- (in) the sum of £7^94,1 18 «» capitalised and applied m piyfag np to Ml at par 
7,294,1 18 unissued 1 1 K pa cent. P ttfaai Of Shares which woe issued pornuot (p-a ipokton of a. Connotate of 
die Bond of Dnectors passed on 30th June; 1981, and (tv) 4,70fo882 of die ardmarv shares then hr issue were 
convened mro 1 1 Vi percent- Preference Shlra. y - * ■ 

(e) On 31st December, 1982, die authorised share capita] of the Company teas 152jOOQjOOO divided fata 7aMXW 4 per 
cent. R efe renc e Shares. 2S0J300 6 per cent- P ref er ence Shares. 12JMOOOO HW per emit. R -e fe reace Sbarex^all 
of winch pref e ren ce shares had been issued and were filly paid up> **d 39JOOQ2K10. osdinary shares, of which . 
3l.S54.273 had beat issued ud were fufly paid op. Since 31st DecemKr,-1982, there hare been the following 
changes in thrathorised share captal of die Company; 

(i) on I Id) May, 1981, the authorised share capital was increa s ed from £52,000.000 M tbWXXMXXi hr die 
creation of I SjOOOJlOOadditioMl ordioary shares; 

(ii) on 1 4th June, 1984, thr authorised share capital was increased from JCfiSjOOOjOOO U £77,500000 by die 
u c a tion of 12000000 addUoul otdhsny shares and on I2lh Dcccmba, 1984 from £77000000 to 
£880 1000 by die crewron of a fartha 10^00000 such dunes; 

(iil) an 15th May, 1985, the autho ri sed share coin) was Increased from £88000000 to £100000000 hr the 
creation of 7000000 5 pa cent Preferen c e Shares and 5000000 UstdamficdShamofil each, which coidd 
be classified onk as onhaaiy shares or 5 per aem. Prcferoice Shares; 

(h) on I3di Aprd, 1986, 241/78 Undassihed Stares of £1 etahwacclasrifiedas 5 paean. Rcfamde Shares and 
on 14th June. 1986 the oonrersfan of 517.391 5 pa cent. P reference Shares referred to fa paragraph MdxixJ* 
below resulted in a decrease fa the lumber of 5 per cent Preference Shares In dx atUhoriied share opted ftmu 
7043,478 to 6.726087 and an Increase fa the mnnbra of ordinary shares fa the andtorired share capital from 
75000000 to 75068086 and pro rise to a hdaodng shareof £448^05 nomtad anotmc and 

(r) on 17th June, 1986, ponum to die special moktuon re fer red ra tn paragraph ! (ej Mow and contfitional 
upon the admtistan therein referred to, dar tmhaiMd Undatsified Shares of £1 each were classified as ordinary 
shares and die au th ori se d share capital was increased from £100000000 to £230000000 be the creation of 
1 30000000 a d di tion al ordinary shares. 

(d) Since llsc Decefitba. 1982, thae have bom the foDowfitg changes in the nsued share capital of thcGompamr 
Ol a total of 1,214,789 ordnarr shares hare been Issued on the exercise of options as foSowa: 


•Price pa 

Numba of 

•price pa 









The 1974 Scheme 152063 


1983 | 

















108 75 

1984 , 





111 25 



UZ 5 



260 . 












108 75 






112 5 






131 25 


The 1984 Scheme 




■Note: The exorcise prices far options granted under the 1974 Scheme were adjusted far rap fi afa ari oo nunes 
made m May 1977. Decern ba 1980 and May 1981. in the case of options the effieedre oerche prioe of whrdi 
was, fo l hmtng such tijuram, reduced ra less than the par value of thr shares concerned, the onpiuving 
company of rise optionholder was. on the e xer ci s e of such options, obliged under die (oms of a trust 
established In I9S) to remit to die trustees of that trust, far p a yment ra the Company, the diffe r e n ce betw ee n 
such e ff ective exercise price and the par value of those shares. AccendingJy, the prices stated above are die 
aggregate amount p« share received b* the Company; 

Id) on II th May, 1983. I0.55QJ 37 otdjnarv shares woe issued to the oidbury shareholders of the Gompaitr on 
ihe basis of dm net* onhoarv share far everr three existing such shares, credited as fidk paid iqrfa par, hr wav 
of capHahsawm of reserves; 

(iUt on 12th Juk. 1984, 11^50000 ordi nar y share* were issued (9031,564 bv wav of right* u cnkin 
vbarefaokferi who took up such nghts an die basis of one new ardmarv share for ererr four existisg sock shares 
and 1,618,436 » ordtaary starehoUas who idM to take up more dan didr bask- entit l e men t) at 400p pa 
share of such shares woe issued faDt -pud ud 9.164.649 were mued paid up as W 50p of (he 

normrul nine and 1 SOp of the premi um thereon with rile habnre iff 200p pa share dm on 17th Aprtt, 1985 
,48 such dsares are now fa8v paid upc 

(it) nn 31st December. 1984, 203i.I42ordman duns were issued for cash at 494 5p per dure to Deutsche Bank 

(v) oo |8di Sepumba, 1985, 500000 ordinin shares woe nsued. credned as faflv pasd up at SOOp pa share, m 
accordance with the arrange m e nts for dir acquisition of Morgan Grenfell Laurie Linked (that called Michael 
Laarte & Pa rtners Ltnttredi bv Morgan Grmfdl Laurx HoUiqgs Limited (that called Morgan Crenfcfl Property 
Services Lmturds Further details of these ammgemeuts infndt unolfed the issue of shares bv the Company's 
sohwdan Morgan Grenfell Lame Hahtagi Lfcnked) are set am fa par^nqdt 9(0 bdow. 

(m on 1 3th Aprd, 1986, 41 1313 ardmarv shares were issued, credited as Mb paid up at 7S0p pa share, and 
7.243.478 a pa can Reference Shires were issued, c re dit e d as fidk paid op at par, m accordance with the 
arrangement* for the a rqurd o ret of the brahma of Pemba fc Bovle Partha detaib iff thae arraqganau* are 
set out m paragraph 9(a) befaw; 

(mi an 1 3th ApnL 1986. 7S)JKS enhanx dm were issued, cre dit e d n fidk pud up, and 108,422 onfinan 
shares were naued ta cnh. m each case at 7S0p pa share, and £!4,4]9,I0? nominal amount of 5 pa cent 
Loan Slock was issued, at par and fev value, n connection with the arrangements for (he acqubtasm of Rncfam 
Dennv & Co. (m untainted companv then called Rnchui Dcnttv Securities). Further deuffs of tbc 
arrangerriCTTH for tins acquisition and the a cqnriiti o n hr Pfadun Dennv & Co of the bufaa* of the former 
pareoenhlp Pluchln. Dennv & Ccx (winch fawd re d the tame of shares fas ihr mtbnmed companv Rnefam 
Denny Gi Co.) an: set ouibi paragrqih 9|b) bdow, 

(rmjoa 9th Mae. 1986. 35J96 onfinan duns were uoed. en du ed as fdfii paid on at 7S0p psr share, as 
cotisideraucm far the acquh ru on bv the Company of 2AS8 'B' rhares m Morgan Craddl Launc HoMmgs 
Lamtclin ac co n U n cc wuh the eomnwHig Jgrmgttncna far die acqunWon bv theCmupun of fartha such 

(ni oo 1 4th June. 1986; 517,391 5 pa cent Prefirrence Shares, held bv a framer partner m Pemba k Bode who 
retired fivsm raqdoypimt widmi the Grotqr on 14th Aprff, 1986, Convened mn 68,996 ctdfaarv daarcs, gfring 
rise ra a halancmg share (referred ra O the Articles of Association of the Companv as a "Special Share") of 
£448^405 nominal amount; and 

tx) die Captiabsatsoa Issue refctml U in paragraph lie) (ffl| bdow 

Official List on or before 15Kb August. I?®, w*® - ^ 

01 the 4.756,52? UudasffiW Shares irfil «h war dassfauiasw^marv shares; ( 

W WUW0QQ0OO bv the emufi. nf al *™ 

“ Sh^e!l986ontiie bain of <iw new onfinarr shue for each «usonc»^h date Am Wd. 

section 80 of die to) up ® an aggroafe ra^SooMtathr to ToaBot 

previously Wkd. ««ted or renewed «dtb^ w « *7^ not apph » anv suA 

. «drditc v^iero 

the respeS^^S-y share* held by than. ( 2. Ac 

' era 1 1 n 

yrgepto* np to an aggregate nominal amount of £10000000; «°d _ _ 

fvj piew Articles of Association woe adopted 

(f> o Tta .bare captal of the Company fawedmek^^ ^ 

t £ 

4 pa cent (now takh® e&a *s 2 j 3 per cm plus ra associated 7MOC0 73D0W 

rax credit) Ounnlative Redeemable Preference Siare* of L I e*h , *°' 9ro W 

■ — “*■ 


5 pa cent, (uiduifing the associated tax credit I Omtulatiro ^-ixiiiT 

on convwvion lv« paragraph tldxecj above) 150.».\490 

OrdkurrShBRlWfel ocn „ - _ 


5 pa cent, rtnnutaw™"™™™ ^ i»,7 

^.rfUeRStable Preference Shares of il eaA ^ MM05 

BaWg iaro ^ oo coovrrtWvt Iva paragraph lldxrc) tel yflpSS 150.».\490 

OrdkurrSbncswfe] cun, „ - . 

Tool 230,000000 - 170. 766.982 

A aomnury of the nghts ataobmg ra these dasw* of shares b set out qnda.“M«noraa«h*in aral Arudes of 
Ascodation" abore 

(D) Upon conrenfcm. the 5 pa cent. Preference Shares become ordman ihares wnhwn rerparttg the war of 
(father ordinary share*. TW are outstanding 6,I17,J91 5 pa cent Preference Share* wfadi remMt 
convertible and which would upon conversion become 1.631.304 ordman dure* tnfftrsted far the 
Cmiulisatioa Iwuel together with baUtxttig shares of 14,486.087 a^regate oommal amount Such balancing 
taaresan generdk n5 ttosferabfc and do not entitle the boJda lo d» payment of am mroleoJ or w am 
rensmteut of captal on a return of assets' (except for the sum of lpi or w attend or vole at am general 
mretnw. TtaCompinr mav at anv time afta 13th ApnL (991 redeem all or anv baLmaig ilurm then in tune 
at a raid price not 'exceeding Ip. Details of such balanaiqj shires are set out fa paragraph 2(ri iff 
"Memorandum and .Artidcs of Association" above 

(a) The 5 pa <"«- Loan Stock carries nwenst ai the rate of 3 pa cent pa antwtn pavablr bv equal baU-ixarh 
horahnena m arrear oo 1st January and 1st Julv in each vear The nock a coo terrible nw ordman share* at 
the rate (adjusted for the Qprcdisattoa luuel of £2666 nontmJ amount nf os-finan vfiare* for each UOJ 
p ynrtai amount of suck on 30ih Jane in each of die ware 1941 to IW; tutciusivel. The COTO avion rale a 
adjusted fa the evou of captalhaikin or rights issues. deanbutran» m specie, ivroes at a dacount ra market 

wioe and macs of convertible secuntMU. The stock can be czioverud if am person or group of pavms a.qturt* 

control of the Gxnptm or if an offa is nude lo acquire afl or am pari ol ihe ordman chares and the l ompam 
becranra aware that there will be a chingr of control of the Compatn The Company ran require comnston nf 
d* remriaino stock vetan at least 75 pa cent of the angnul jnnwni of ihe stock ha> been cnovetied Tire 
conwntas i^ht* lapse Ifr on 13th April. 1991. die origuol alloare of the crack is not an nnpfaierofdre 
Groupor, if carlfer, such alhjttee a dismlaaed bit reason iff mtscondua or otha art* tvhxh entidr lus ctnplova 
. tn dtanta him jumnurih, or revigrn ivnbout the comem of the Companv &' die r^tgmal afiotve <1 1 retire* at 
60 or ova; 111 retire* due » dWiealth or pertnanem mcapinri . 1 3i dies. i4ft* (foun<vd otherwor than far 
or (5) resigns with the consent of die Company, his cotncrvtrm r^hts hreune munrdutek ewi*i»aMr 
and may be exETtucd at am time up to lldi ApdL 1996. when the vrack b redeenuMe aj pa rognlwr with 

accrued fatarat. hifloonvei«ai of the £13,91 1,092 nominal amount of s pa cent Loro Snxfrntach remains 

capable of canverttai wodd result m die utue of approxnnaiclv 3.7UP0QU ordman dure* The Lompam has 
received notice from a bnWa of £35009(1 nanoad aroaum of 3 per cent Loan Vrack of ht> unrauon bi 
CoDvert Ins stock; convenun of sudt stock would molt to ihe issue of 93J87 oidman shares u ithm 23 davs 
of receipt of a- vabd somerai notice 

(re) The Cmtahsatfan Issue MccssHam the adjustment of opiums oottrandmg under the 1974 Scheme and thr 
. jug* Scheme by daubing the numba of ordinary shares thr subject' of each optnn, and bailing thy i-ffectne 
exercise ptce Socb options ova ihe ordman dvare capital of the Companv, as thev wfl be iolkiwii^ such 

tumu price. Such options 
ad puo n e nt, are as foBowx. 

Hie 1974 Scheme 

Numba of stares 

exercise price 

Date at' gram 




December 1974 


22 5 

December 1973' 



December 1976 

1 34062 


December 1977 

76000 ' ' 


’ Maith 1979' 



Angnst 1979 - 



Febraan lftffl 



June I960 


' 65625 

Noveiifoa" 1980 



Fchruarv 1981 



Jut* 1982- 



. - . May mi 



.Almost 1913 



- Febraan 1984 


•Note: The a ra nguut w a described oi die note ra paragraph lidmi abate wdl apph m relation w those 
options theefieetiie oerene price of which » fe*s dun the par vajur of thediares concoued . 

Options under the 1974 Scheme are comulfr ourasaUe during die period between five and fifteen scan 
following tta date of gram The nnn of£l was paid in connidcEroon of ihe grant ol mdt option 

The 1 984 Scheme 

Number of shares Luxate price Dare of grant 

...... p. 

2,479000 222-5 Jairaarv 198> 

35000 . 225 Mav 1985. 

1069,132 375 .Apid 1986 

Janoarv 1983 
Mav |98>. 
Apnl 1986 

Options under the 1984 Scheme are normally exercisable durmg the period between foe and ten lean 
fidfawfag the date of pant The sum of £1 war pud m consxLentioo of the gtam of each cptxm 

(g) (1) The proritioos of section 89 of the Act (whadi confer on shareholders rights of pre-enqmon IB respea of the 
a ff otme nt of equity sec uri t i es which are ar are to he paid up m cash. Other than an allotment ra entpknns 
umkr an empfovee share scbcmel apply to the authomed but tumsued share capital of the Companv except in 
the extern daappbed by the resolnaon referred to m paragraph' Iie»i« i above Such dnapphciuon gnes thr 
Directors braked flenbditv ra tone ordnury shares for cash following die Offer Tbv ctnumuing obhgaiimn of - 
die Company under the requ i rements of The Stock Exchange are that, udevs special Stock kxdiangc 
dhpcnsatiou or the qxdfic approval of shareholders m general t uca T in g is obtauved, t he . Co rop aro must otfer 
an y ordi na ry shares robe issued for cash to cdsong shareholders on a pro rati him 1 

fii) Save as disdoted herein, rinoe 20th Juaev 1 983 dirre has been no change in rise share.capia] of am stdmduA 
of the Gompanv and/or die numba and class of which any such capital is composed (other than mtra-gronp 
issues by wholly-owned subsidiaries) and no share capital of tfar Companv of am other member of the Group tv 
umkr option or agreed enudmo n allr or uncondftipnjlh to be pot unda option 

OB) FoQawtag the .Offer, approednutdr 47 9 nriUion ordinary shares wiD remain urauurd and not reverted Cor awr 
oa ocerdse of all ootstandlt^ opttoos ontkr (be 1974 Scheme and the 1984 Scheme, as referred (om paragraph 
Kfriv) above, or on conve rar nn of S pa cent Loan 5uck as refetrjrd u> co paragraph Ufiiiii above . 

(h) No issue of mdinan: dures following the Offaw presendv in contempladon otfaa than miemhwenoa with die 
anpkraoc diare schema referred » in paragraph 3 bdow or ra thr extern required as a resufr of comersm oi - 
5 pa cent. Lorn Stock. Conversion of 5 pa cent Preference Shares results ra an mereasr in the numba ol 
anbury shares in issue aa referred ra m paragraph Hfrut above 

(v) Follow fag the Offer, sate to the extent required as a result of cativeraran of 5 pa cent Loan Stock, no maiaul 
hare of ordinarr shares iff the Company (otha dun to sturehokien pro raia to thru- masting shareholding* or 
pursuant to emplo y ee share schemes) wdl be made within our rear of the date of this doomem tntboai th? 
prior approval of the Cbmpany tn general meeting 

2- Pr incip ul std n ndiaiy com panics 

The Company is a bolding company and details of Its principal Hilmdianes (each oi wtnefa is incorporated in England and 

Wales) are set out bdow The subsidunei ire whollr owned, their chare capital is fidh paid np and * held dnectli bt the . 



Name of company Ra gw te t e d Office toniw capital 

Morgan Grenfell & Co Limited 

Morgan Grmfig Asset Ma n agem ent 
I lf P tt fd 

Merchant funk 

Ra ga te t e d Office 

13 Great Winchester Street. 
London El'2P LAX 

46 Nets Broad Street. Lmukm ' HcJdmp eonuum 
EC2MINB .... 

Morgan Grenfiril SeSirities Holdall 23 Great Wmchesta Street. Holdup c/jtnpanv £33,900000 

Lfataed London EC 2P LAX - 

Morgan Grenfell & Co Lnrated holds the equirv dure captal of each of thr UK based or t estment nutaga n em opera ung 
subsidiaries. Morgan Grenfell Asset Management Limited holds a Special Redeemable Share bi each of these oompanies 
through which a controls the campanum of diar Bairds'and regidaies the conduct of thetr busmenei 
3. Employee share schemes 

(a) General 

(i) The Company has the following emplane share ichemei 
the (974 Scheme; 
the 1984 S c heme; 

-the 1986 Scfatme; ■' ' 

. the UK Share Rnsripatran fadseme; and. 

. .• the Ovems 5hare ftifoopawo Scheme ■ _ 

On 17th June, 1986 the 1984 Schsnr and die UK Share Pvnapaoan Scheme uen, suhyeettn the approval iff - 
the Board iff bind Revenue, amended awquauuffv upon the, tmrodoctjoq of the 1986 bchemc and the 
Otcrscas Shut: Rwtidpatnn Sctaar «i din date anrf forther amended. roh|(tl to such approval and ■ 
con d iti o n al npon die a dnn ss ran of thie ardnurv share eaptal of the Cumui to die.Ofatid Lot' The 
. description bdo* » prepared on due baits that these amendments have taken effect'-., . 

Holding companv 


fn) No fartha options may he granted' unfa* . the 
shares unda di* 1974 Scheme, w-jwnaalj 
airafee w iesof their gram The 1974 SJieme c 
described below, wheixhv-«pB«w mav^ beratw- 

raider , the 1974 Scharr Outstanding option to mhicrfoe for ordraan 
r-emmik cxcrei&ablc at anv. time between (be fifth and fiftecudi 
I Scheme contain* pnniuom btnsdOv nmdar to thr^ Share Onxot Schente 



visitufaiTiadh stmdar to tfar Share OptxA Schemes 
if cemin raeno occar ■ 

<*» Deoi of the ouuuodmg options granted under the 1974 Sdwse rod tire 1984 Scheme nMfloaiu 
paragraph Ufiffv) above. 

th) The Company * J rate* appfacna o n to tty Corod effte Stock L u iuuy far J ow&mtt share* bsced uwfar 

tee aapkner share sctanctto be adnnnrd to ter Offki*l Liu- The graMfogofapDOMturia' thr Shire Option 

5chnn«S tad the iHwaoon of profils to dvr Shite Pmtdp»oc* Steemes *t. wtpa to ter rcstncusi* 
WBmurtwd Maw, ti the dtiarooo of ter Dncctor*. 

M The Directon base thr pour to mad one* pnntai of the empl oyee dwr schema hut dir four 
wructore of them anna be titered to dvr material of rmjffoycta, cptwofacWm « pjmdpaab 

wfoboa: tee approval erf thr Company m genet*! tncctng. In ptmtaUr, tharehalasi' approval ■ required for 

toy •fundoa to Ac dm at enqilorcra eligible to punctate. the manbm of ndun shares to be atued 
«mfer dvr schemes (tubfc-ct in certain oopons, tncWfog raprral&jnoo or rigja* bbsoi. the Buxfoumi 
cnrittenoK of any mdhidiuL the method erf rstteWng ehr subscription price of any oednan share. wsurd or 
pat tmdc option and tbeboftoo the amoum erf preen lashciflrwatgd to the Shaw Parocipaaotx Sahara*. 

l * 0 The Direction fare aoteortt* to extabhte such other g yl ww share «liat» p they deem approprsHr far 
oversaw anpJojrek Such schema most. bm w «r, operate wtdan thr Units dacr&ed hekm ud (far bervrfk-, 
teccUcd Ui am employee under snd» K^an m. is the Dbeuan* tpm hr eonqsnUc u> tens* which 
tn employee panfciputag fat the. ISM Scheme or, to the case may be, the UK Suer {fonciptUrB Scheme 

(b) Uimtt 

(D The mmtaaet nrcnfeul amount of ordtoa? dma Aa* may be wsoed under all cf tec emptc y ee dure schemes 
(other thta the 1974 Scheme) niJtWXXXOlW. repeeaeragig 19.9 per oeat. of the hatted ordinary »h»* capital 
C aB mri u g the Offer This amount un be adjosirti be the Dtrea*»> tmtyect to the AudSton -nehrma^; that 
such adjustments air id iberr cptaou Car tod reasonable I ro rake account of any capitalisation issue. ngfxa uarsc 
a* any concoHdatioa. wfa-dHjfaon or reductioa in the CaapamVi Oldbury share capote 

ID) Hie wa i Q Bu un number aS ordinuY duxes over which opriom may be granted on an date or white nut be 
issued under anplotn share achana oa at date (otherwise duo upon aoese oi options). wfroi added to 
the number of nnbufT shires issued or renuinfag wsiufafe m respect of eights granted nnder all mtfJotee 
dure scheme* adopted by the Company tn the oat ran poor to that date (other than shares foaed under the 
UK Share Participation Scheme before Jflrfa December. 1984 and shares asnrd or reclaims; swAlr under the 
1974 Scheme i, mat not exceed 10 percent, of the issued oedmuy share capital on that date 

(tfll 'nwmatdnuun number of otthnary shares oMredachoptioas may be gtamed on any- dte or nbichtnae be 
■smed under emplowe shirr sc h eme s lathemiu than upon oxie at options) cm any date, tthen added to 
the • somber of shares ieward or tenuathrig buufak at respect of r$tt» granted nnder al emplocer dlaje 
schema of the Ccmpant to thr pretioos wo years; may not exceed three per cot tor, umd the xtond 
mnehtesuey of the date of adoxnaion by the Gnpdl of The Stock Exdtastge of the «hoJe of thr Cotrpam s 
ordinary share capital, uistd and bemg haued, to the Official List, four per cast.) of the haasd otifestrv dure 
capital on that date. 

fn) The maximum number of ordinary dura that boh be aashserdarti under the Share IMdpaOOn Schemes in act 
period of ntelre montfav may not exceed one per ocul of die Bused oedmmy thate capital faun tmae to tuae. 

(v| htany faundal year of the Company, thr. ma x i m iaH amount whkh may be twademailddem thr tnateocf the 
Share PuUdpanon Schemes for the acquhtoon of Ottfinan shares a live per cent, of the pndiii of the tkoup 
bc&re vuuaion for the preceding hnanculycar. 

(st| No fa rthe r opeiotu may be earned under the Share Option Schema after 20th December. 199a, and no 
farther onhnary sham may be mued nudes die Share Participation Schema a raped of allocation* far 
fauneaS ymn rodrd after Jlst December. 199J. 

(cj The Share Optsou Schemes 

(i) The 1984 Sehctnr has. beta a pp ro v e d by the fofand Reveuoc nnder the Fmance Act 1984. The I98d Scheme, 
which has not been so approved, h Intended w be used primarily far at mas employees. In order to gne 
massaom BmoWny howetcr. both schema allow the Directors to amend the sebemo or die terra of opuoas 
granted trader them to take account (dot enra tax or iccamoa lams. 

(u) AB fait-dme gtyloyra of the Ccanpany orofltssulnidbriatindudag fafl-tinu- cxecuthc Dtrrcton -1 may be 
granted cptwns to uibocribr far ordmaty sbara. No comtderauou l» paydde far die gram of an option. 

tin) ta CptfenwdI be granKd to an empknte if ft would erase the cut of amove of staraomijuved in options 
granttd to bim under thr Share Option Schema (and not then mooted) to exceed the greater ot 

(1) four tana the annual rate of his baste tem u nti u ntw from the Cray at the date of grans; and 

(2) four times the total remunrfatwo (rwhnftr of benefits in Itbtdj paid to hen by the Croup m the tttehe 
momhs bdbeeihedatrofgnmt. 

(hi OpUoostsuy be granted within the period ofsaweths after the thftddeabngdnfaBavfagamvnmctRRni of 
the Group’s i n te rto i lor Snal rddts Opdocs so granted «rifl entitle the rcapicnl to sufoenbe far onbnary 
shams at a price. detouuned by the Ebr«ci 0 n.bruig not lea* than thr'blgha- of Nfihr arithmetic a>aagr of 
the tnlddlr market (foocatioas of inch shares for the three deufaig day» munedlauiy prior to the date of grans of 
the optfcms (or. fa the <a*e of epoons which were granted before die tdahea of the ordinary share to die 
Official of The Stock Exchn^c. the inatkct -came cf such share* as agreed with the Inland Rnenoek and 

- (2) tiidr nominal amrins. 

«) Opdans ate not transferable. Ordmarr shams issued on thr exercise cf optians rank pari paasnwitfa the isoied 
ordinary shares necept'ibat they will not raok far any dividend In respect of any financial year ended prior to 
the dam of ewefcc of (he option. 

(vi I Option* ate genoaBy eaerefsabie betwren thr fifth and tenth aanhenarto of their date of grant. Wy ootsc 
of opnoos wiB be petm n te d In die event of a chaise of coutiol or if notice is gnen of a resolution far the 
mht i mr v winding- op of the Company. Early excsxhr wffl ako be permmed if. at any tone, the optionholder 
ceases to be m enyfoyce by nelson of hb death. iH-heahh, fenfary. aieident. dinbflity . rctntment at pensionable 
age; or redundancy, tf an optionholder ceases to be an employee aha- the lifth araurersaiy of thr date di gram 
ofhis optioas, other than m such draansaances, hk oprious «riD lapse unlra enoyised mtbfti sri months after 
the date of such cessation. Otherwise; options «uD normally lapse f the optionholder ceases to be e t n pfa yed by 
theGtwy prior to such fifth a an u eauty unless the Oaec t ara decide w the oawwy .. 

(<f) The Share participation Schemes 

(D The UK Sham P a i UUp aiion Scheme his hem approved by (he bdand Reremie under the-Hnancr .Act 1978. . . 
The Overseas Sure fftn i etpa t pon Scheme has not been so apfmned and is ifagsed to allow overseas- 
employees to receive ordinary dures to a snndir oieni as UK employees. * 

fill Under the Share Partiripatiou Schemes; tfae Om^any wdl defennuie the amount aflocafions to partjdpants 
and together with partidpatiog group companies wdl provide the trasteo oi tbeseheuta with fands to enable. . 
tbrintoanpurr oeditiwy slura-is faai *dfl then be appropriated 10 eligible employees. The afiocation of funds 
to the schema w«IL unless the Dfaectms decide otbawne, he made in each ytarfaBowing the anoouncaneni j 
of the Company's final results. 

(fa) AB employees or salaried directors who am employed to weak far al hast twenty hours a wwdt by- any of the 
partidpaongooenpaniesand who Ci the case of the UK Sham P a rt kip n a p Sehenici hive been to etnpfared 
far at lost five years oo the date of appropriation loonnaih' Jlst May)er wboam n oou ira i e d by the Dircerors 
prior to the lefavaai aDoratiou am to participate fa. thr sdtemes. 

(h) Wldb the mqueys (Hade acadaMr to then, the trustees wdlaopiim ordinary share by purchase or sobsenptssn 
withfa mrteen weeks after anMMmcemefit of the Ccenpany’s foul results. Ordinary share acquired by 
subscription wiB hr acquired at a price- per share equal to the fagber of: (tynonnsd vahacand t -1 the . 
arithmetic averse rf the middlr^ market quotations of an otdmary share, as derived from The Stock Exchange 
Duly Official Lai, far the fee dealing days feBowfagan o ouncemcw of the Caenpam-'i results. Ordman share 
■sued under the schema wjB rank pari passu with other ordinary share that fc» eaue except, if the Directors 
so decide, far rights aoadung to otxhnan ihams by jxfasxoce to a record date prior to the due of ustie 

(V). Shams acquired by the trustees are appropriated amcqg afl pgtatipsnts for whom a l faca tk i m ham been made. 

» that the number of shares appropriated to tads paeticipantk die proportion which the amount allocated to 
that pantopon bean to the aggregate of thr amount allocated lo all pradpant*. Fractions of share are 
rounded up or down to the non whole number. ' 

trt) fopaitiopaK may b»c appropriated to fcfan fa any year of assoameni under the Sham feretipaiiMi Scheme* 
ordmny share which, when added to ordinary share appropriated to him m the same year ot assesunem. 

' hare a total market value exceeding ISJ300. 

(so) Ordinary share acquired by. die t ma ecs under the Share Paraapatico Schema wifi oomulh- be hdd by the 
mmees for a mbfanttm period of five years during which they may not be dealt wuh fa any way. After this five 
year period has ex pire d , a participant ran- Instruct the crascesroiefl hft tudman share far fam, fading wbfth- 
the tnstecs tbafl- transfer them Into the- panadptm’s mvo name as soon, at practicable, fa cotafa 
dtcisMtanem, Mdi as death, redundancy or retirimeuu erdmsy -share fidcf by the tnstre may be released 
before thr expiry of the fare year period. While- the onbnary share are so brkf fa tnasl, the respective 
coi p l a y e e a w(0 be the beneficial owners of (hose shams and wiB be eBtided to receive drndends. direct the 
everrisc of xotiag rights arid participate fa rights hsuesantfi ap i ta liM ti q ri poues and certain other transactions 
tteremfag the issued Iprebnm share tapnal fa the same way asordssuy sfourfaMra. • 

A. Directors' and other imerejls , 

(•) The tmercstt of dse Oreaors fa ordinary dura dumn fa the regfaertnaiutafaed tinder the ptOKufan of the Act as 

those interests would appear tfnmcdutely faflowtng the CapataJwatksi tone and lafaag into account sales made 

punoafa to the nuuhfag ar ra ager m rro referred to fa paragraph '8(c) bekfa fan before taking account of aim 

Lord Cano . • M5J$8 . — — 

C R. Rones . .. 

— beneficial - IS8.1JG 46.000 JCUM0 

other . 27^00 ; • - — — 

Sir Peter Carey ■ •_ 2SJ74 — liflW 

So- Krxinedl Durban " - — — 

as A. Hardman .*!.(« 80000 JOOOO 

CXLLaw ... - - ’ . ’ 

— beneficial 76£J6 20j666 lOOOO 

—other (WIS — — 

C-M-Noacn 5S.AW) . — BJOOC 

D V Palmer 5,002 — — 

lord Pennock '• I5J74 — ' IftOOO 

CFM.Ranbmoo . .. 100*88 40/100 30*00 

Sir John Sparrow ' - (23*W ‘ 10*00 30*00 

G.ftWahh ’ • 

— beneScuJ 4Sj88 V " 801000 - 30*00 

— - oilier - - 8*58 _ . ..." , . , . — 

C M. J. Wfanfagroo ......... 100*00 ] 80*00 30*00 

AH faterrsis we beneficial Dnk» otherw ise stated- ‘ 

Dnvctors may make applicMions for ordtun’ dura under the Ofo. 

Sate as referred id shore and tar paragraph "MfSbefow aid taw'Tbr a 'benefici^ interest in 2,700 4 per cent. 
Preferen c e Shoes held by Load Cartu. rune of.»he Dfaecnaa ha any taxerat an the usoed share CSpitti of the 
Company or any mtereu in thc«ham taptral of ussrihriduries. 

(h) Sam as referred lo (a-parapuiph 4lD below, no Director has or has had any tartest fa any transaction which is or 
was tntttttul fa it* namre or conditions or significant to .the burtoess-af the Group and which was effected fa- the 
Company time 3l»t December. 1984 or, if ellcrted by the Ounpan' prior to such due, itruns in any raped 
oenstantfaft nrtfaprftirinei ' ’ 

(ct The ^gregate of the tfasunention paid and benefits in kind (radiafiog pestaaa cnruribwoqs) granted K> the 
Director* by any mater of the GmftsJn ntpeet.eCte war ended 3In December. IMS was £2*77.972. Of (fait 
apfaunt. 1871/WO.eoomttued the peufcadaacd tkmag of writ — otanit fe 

(dl ft is onmalpd ib* *e ^gregau of thr ameenff payable m dir Diwmra by arn mnnho- of te Group a the 
.Comjwirt omnit fiMnetaJ.yair tmfcrjhc nugetnaa fa focoeAteJiu; oTthk docuntaa.-wtfl wh eweed 
K.TTfaOOQ. Thh estimate does not indode any profa-reJawd amount? to be paid, as the referent period has not 
«3>ded and therefore the rtimrt protos omnoibedemmineA - - • 

(e) No Director ha a srplce teetnet svnb aqy TKKibcr of .dir &riup uduch does rac.expire or cannot be ^eumtoed 
by the cmpfeulog cecnpatiy withouLpayitient of canpenfatioa (other than statutory compensation) within otic rear, 
nor a aim^dtsmioc contract profKMiL . 

(ft G M. NtrieO wat a partner in P at te r S firtfe and, a» surfa, an a party to obe materiaf comaa referred to fa 
‘ puagnph 9W befaw. The nutrid i-ra t fa n Wce«ed r by Mr. 'Nesen oauWed of the bsoe of K.TRA ordinsrv dura, 
aetfaed as foOy paid op at 750p per ihiir. (of wbch 8.118 redmary dura wire pLced to rase- a cash urn of 
ifitAS85|4nd 608*96 S per cart Pm f e re oe v Sura, credited as fijty pari op ai par. Mr Man 'remains thr 
benrifeiJ owner oftuA 5 percent. P i xfij mccSharo. - , 

(g) The a^risjur prnupaf anraima or hotue hum provided to Directors fa tfa bank a 1*93 J69-, at dose of bniecu 
on I7tit Junr. 19« (the Uoi practicable dare before the prating of 'ksdUMft the aggregate praapd antouns 
autsiafag under other loan lanJura granted 10 Director, fa ih, Ba&L -at 1114,180 There are no other 
uutManteg taamto. nor an guuamea lor the bentih td thr tameiun granted or pronded by any mendrer oT ihr 

(h) Save as referred tn Mot, thr Dirt-cion are not aware of anv sfurdujding »hrcct or rtirmi wfuch. after taking 
acrnvmt of safes atri or ptothaso made punuaitt m tbemaiiiiDg arracgetneiu rrtrrcd io m paragraph ftr) below, 
wdl amount to 5 per cent or mote of the Comput’s issued ordinary share capna) 

Oldman sham after Perrenraje of 
thr Cap o jit v apen ortinstry share 

hsur arad mairiong capaul faSwmg 
a r raiym rtm (hr Offer 

WlDft Faber pLe. 3I.K«*09 2a8 

ThePrademitl Assorace 

Company Limned 9X00*00 tO 

Satcctteaa ha beat taken of am- onhoarr share* whtch mav be acqiured as a result of jppltrooes made raider the 


W'lifa Faber p Jr. has radicated that its proem ottenoan as to mjuraam a significant holding ra the Company. 

D V Pahnrr, Lord Pennock aod C f M Ranbnson are dsecten of WiBn Faberpix. 

S. Property 

The Group has the f u Bouiqg prin ci p a l office pnemaes: 

Freehold premises 



33. 24 & 25 Crest Wmcfaeaer Street. Lopdoo EC2 
72 Lasfera Watt. London tC! 

12 Dtunaraq Street, Si Hefax. Josey 
Leasehold premise* in the OK 




Loeatkra of lease 

2nd Metzanstc, 20 years 

2nd. 3rd and 4th Roots 
1 Throgmorton Avow 
London EC2 

fiprarr Jml 

3 & 7Tfarpm»too .Avenue 

5 Thrognnrtcn .Avenue 
London EC2 

*46 New Broad Street 

An ground and part 3rd 

lUlJBlorafieW Street 
London EC2 
20 Fouburv Grots 
London EC2 

3 }'fi rears with an 
agtremem to renew 
lw a farther 18 

25 yean 
from 22.11 85 

U 1)5.000 24 686 and 5 yearh 

■ farejftee 

£189*00 24 12.S6aud 5 

yearly thereafter 
awfth the pentad of 
review beng mbjrct 
to review on 
34.(2.96 and 
24 12 20161 
£73.500 24 1?9t>andS 

yearh ihoohr 
review fajag si/sjrcl 

torvww on 
24. 12.96 and 

£820*0) 22. It. 90 and 5 

yearh thereafter 
£60*00 24 6 89 and 5 yearly 
. . thereafter 

pepp er corn rati and 5 yearir 85*00 

22.7.86, raoerafag dw ta lttr tfochafing five sfa^p 

to £2*59*00 until 
23 087 and 

D mt* of 
approuuuieh 4.400 
square feet na 

Part 3H and 4* Floors. 20 years £218*00 24.6*6 and 5 yearly 11.700 

Winchester House thereafter 

London Wall 

.Pfat 3rd and 4tii Roots. 3 yean £723*30 — 27.700 

Winchester Hmpc 

fnrriun'Wbll t . . • 

... •(. . -i . _ . 

“Nose Held under an agreement for lease. ' 

t -- 'rfs. : . i 1 •• •• 

frVWfto V. . . • -a 

-Thcfefcw fa garethetnamhtrestincgttiBadebydieGroopsface Jlst Dooerohrr. (982: 

(a) the noqpmition oTHrriia Datny <t Co. the famas of Falter ft Boyle, and Mscfori Launc & Partners Looted, 
farther details of which are set out a paragraph 9 befenc, and 

(hj hr Jane I9&4. at the' time of a placing of ordinary shares in Tajget Grpup PIC (“Target'l, thr Group acquire d 
(0400*00 ordinary shares m Target, amounting io 19.9 per cent, of Target's usoed ordman share captiai for a 
ratal consideration of £.10.4 mdkrai which was pad m cask The Group has an Cptnn to acquire frran other 
durehoidm further Taiget shares, which eurremk represent apprraunutek- 1 5 per cent- of the cnrrcnl issued 
ordmaiy share capital. |i) if Target's urdirwry share rapital brrouirs bvird on The Stock Exchange, a> a price per- 
share equal ks the avenge middle nurket quowBon on the lint five dealing dms following hsong; or mi if no soch 
fating occurs bricre 2nd May. 1984, at a price per share de t er min ed tn accordance with Target's Articles of 

T. Employees 

The average number, of e m plo y ers of the Group in the financial ymn ended Jlst December 1983. 19M and \9I5 were 

1.112, 1*38 and 1,482 respectively. Further dnaBs ef the omplwecs of the Group at ibi May, 1986 are an out under. 

“Direcraas. remor managerariTi and employers" above. 

8. Arrangements for the Offer 

U1 Prasuam to an ^reeroein. Cthe Ofe by Tender AgreenwsO dated 20th June. 1986 between the Company 1 1 L the 
Dtfgctoq (2). Caaenore ft Co. (" Ci»emwx *‘n3|and Morgan GrenfaB SeCuma Lrauedf*‘MGS'i(4LCaaenoreairi 
MGS, acting as agems of the Company, have procured undn w tam for aB the new onbnary shares at thr tnuntnum 
tendre price. 

(b) The Offer by Tenda- Agreement contains: fi) w pt s cntat i arss and warr a nties ghen by thr Directors (other than &r 
Kenneth Durham and D V. Palmer) and (be Company to Cunore; (o| fadonnitia given by thr Company to 
Caaenore; and (CB) provofoas which permit the Offer by Tender A g ree m e n t to be tcmtinaied by Caaxne peix to 
admission of the whole of the ordmaty share capital of thr Company, issued and now betng issued, to the Official 
Lifa of The StncV Esdiange r.AditfoMon") fa reason cf the Compmy or the Dwmon having baled to conqly- with 
then- respective ofajgstfons thereunder or by reason of any of the representarions and warranties cammed th erein 
not bekg, or having ceased tn he. true and accurate in all material respects. 

(c) The Company «B1 pay Careware and MGS amounts equal lo i V* per cent Ipfas value added ua, where applicable) 
of die tool value (calculated al the tra nimia m tender pneel of the respective numbers of new ordman teres far 
whidr they have procined undawniers, which amounts Cazenme and MGS vifl pay to such underwriters as 
comcnissaatts oo btelf of Use Company Thr Company wffl ako pay Cairnote a coonniuion of 46 per cent, tpfas 
value added taxi of die total rake (calculated at thr striking priori of the new onbnary shares for uhsdi Cunwc 
have pocored onderwTrtm. In addition. Carenore wiB receive a See (cakidatrd an dir ha&» o( the unking prite) 
from the Company in connection with dura sen ices as sponsors to the Offer. The Company wdJ piraB other costs, 
charges and expenses rebting or incidental lo the Offer, tocfoding aO capital duty. fcr» and evpenra parable in 
connection with Adnthafan, eaperees of the reversing, bankers rod registrant printing and advertising expenses, 
postage and all kgalvacctwnting and other profewmaJ fea and eqpcmes. 

(d! Witfa Faber pic. and odser raapr sharehoidos, whose bokbogs tqgrthcr amcwiiT to aggregate to 93.44&J54 
ordinary shares, and dm Directors, the dtrect on of the Sank, of MG .Asset Management and of MG factHTOes. 
former partners of Center & Boyle and Pmchin, Denny & Co now- employed uidrat [he Group, and their lespectne 
rpouMti. whose holdings Uge-tber atncraitt in aggregate to 5.528,470 onbnary- shares, mdodmg m both raws shares 
oondjtioruDy aDoned pursuant io the Caprtahsatwra Isa* and after taking account of purchases and or saJa tinder 
the matching arrangements described m paragraph Sir) bekm uD such shareholders together holding S3 5 per cent, 
of the muedordmary share capital hefm- the Offer but after taking account of the matrhnig amngeroaifs. and 65.7 
per oenz. of the iwawd ordman share capital fomieduiriy faflonmg cntnpleoon of the Offer L have agreed not to wU 
transfer or otherwise dwpasc’of any with ordinary- shara before the aimcxmceinero of the nneren irsolts of the 
Company for tire six roorafa ending 30dt Jane. 1 93b, w belt is expected to be madrbef ire (hr end of October 198&. 

tel fa) connect** with the Offer, oertam shareholders have agreed to sell part of tear respect] >e holdings of ordinary 
teres us other eri ria ig skarehcldeiv at tbr pnee per ordinary dure at which applications fee vxtimary teres are 
accepted undo- the Offer ("the matching atrangenimts"). Sadi agreements are coodttkxsal on A rbt a s sa on occurring 
ool laier than llihjnly. I986andprovrie lor coertphtaac la tike place on thr date of AdansaiOB. 

Details of ter pe e ch ase s and sales trader tee maiding arrangement* are set out kdoe. 


Purchases Ordinary shares 

Willis Faber pic. 4*00*00 

Deutsche Bank AG. 409*02 


Directors vsf the Geenpsiy. 
Lord Cano 
B N A Hartfaun 
• G U. taw. • ■ 

C F. M. {tankmen 
G -R. Walsh 
C. 34. J. Wfattragton 










<Ksh doessoc. expire or cannot hr jjetermtoed 
• ten statonxi compensation) with fa one war. 

Indndes shares agreed to be sold by Mrs C F. M. Rswlnjwn. 
if) Thr tool ctwtf and oiptren payable by the Compam' m cre t necao n with the Offer are athnated toamrarat to £5 
DriTnn todusire of tah* added tax), based on the mininnins uodcr pner. Tin* use fades capital dots of II 36 
imHv* The tool tenameratfan ol C ittKM and utuferwRWfv (asdiahng ue A i w mi ^ conunwtxinvi anwxuits to 
. *124 rniilm (exdjnnr of vahmdded taxj. based on te- mfasonm tenths- price No costs or expenses of the Offer 
. are befog qieafially charged loam subscriber hereunder. 

(g) . Ihe anotiUpayaUr tat appheuioo on each new onhwary ten fi ter amount tendered pe» share by the vdnwt 
applicant-, bang not las than the itumfimn taricr price. Tbr procee ds of the Uihscr^tKa of the nrw erdnury 
teres, calculated at (be rafasnan [differ price, will be £l 36 nrihpn which, after expenses m be bone by the 
Company ounated at approwmatrh. £5 teUitm (cxslusivr of value added tart, produce* 4 [*Ct amoout to be 
received by the Company of. £131 railUpn. For cadi five pater by which (he striking pure rxceei thr tranimem 
itmfcx pm-*, tee Cunpans will recehe a further ll.jfi nrihoa (aherespensal TW hane premtum per share «dl fa 
the dlficrrocr between ihestnktng price aid if. 

9, Material contract* 

The fallowing con tracts root brntg contracts taoered rate m thr oiduury <our>r of bmlnrv.i hue fawn eniered raro 
by the Cranny or ta uAnaduno wsthiu tise t»u seats nomrdiaicly preceding tec date of Arts dotumou and ait W 
may be matefuL 

fa I an Agreement nhe PE Business OpQaa Agrmnmf“l ditrd 4th Mareh. |9x; fatmcD ifr prrweis drrined as the 
Earning Vinnen (including G M \tv*ni ■ 1 1 , the Compam «2l and MG Vcunura under a* farmer nunc, Morgan 
Grenfell Securmo Lraued 1 3) as amended anduf soppirmotted bv. ■■> a felirr Jaird Jih Mireh l*tns from the 
Ccmpany; mt a Agnmusn relating to New Parrom dared 4tb ManJi, 19X5 hrtwrrn tin- same parnei and dot 
person* defined a ter New Partners, mil tuu fetters (tori te- Company -(aird bill Srplrrabrr. I-foj and -’ifb 
October, 1985 rebting lo (he loemaiui and operation oi Perabr-r fi Hoyfe Financial Service* Limucd, »iv i a letter 
fnm tire Coenpsnv dav-d September, (9115 rdain^ to Chare a hC>» and iD> of ibr 1% faiunr-' Option 
Agreement: and (v» aa Agreement daird 21st February, (uab between ibe fcu img and Ne» banner* mi ft. D. 
Pratan (together 'the Partners"), the Company and MG Damira, ulrrrbv apiw<ns urn- granlcv) to thr Company 
to require the Partner* and MG' Scuiritin. to tell, and to thr Parmer* and MG Secumje*. to require ter Company to 
purchase, the enure hunt" and unlrrulurg erf fVtnber & Boyfe in ewJunge for the r-ure io tlv- Panmrs of 
octenorr share*, ocdntd a* falls paid up. having an aggregate value •rfravtniard under the (41 5i rave. Option 
A g recntet) of £3.104. 348. tec astir to the Partner* ol 17.24 3,a7s ncuwnulrrf a per cent. Prrtrrrme Mures and tee 
payment of i»*4*22 cate tv MG Securities, ami. such option-- having been aeru>ed nn 3rd Marsh, l 1 *^. by ivti an 
aniendng Agrean wn i dated .’1st March. I9ac* 

The transfer of the business "to conflicted on I <th April. ?0S* when the Company t.urd tv ihr I'armrr* a iota! nf 
*11.925 ordinary shares icrf which 2t)).s9(l mdi share* wow placed lo raiw a .all *im <■! nil erf 
expenses i. credited as faUy pad up at 750p per 'hare, and 7*4 3.478 5 per cent Pi rirmurr -dure- . Liriiird as luUv 
pud up al par. TV nghts attaching to the 5 per can. Fiefcrencr Xharo are sumourtsed under _ .Mrn>jraniium and 
Artida of Association " abm r. 

(b) an Agtrqne m l “the PD Busianv Opuro Agree itimr"t diird 2*Ah April, |9 k 5 brtnrrn tee pwrsuns drimed as tee 
Ln»Uog Parmrrs < 1 1 , Pmchin Denny it Co. (an unlonned company teen raUed Pmchin EVrinv yvuntia. i"HT5"l 
<2i, the Ccmpany (3| and MG Smma under o* favnyi tuple. Morgan tfaenleU feuirtw* Lonnrd Hu and an 
Agreern ci n I ibr Share Option Agrewnenl'i also dated 2*Ah April, Ite j brute>vi ter lu-ung Partners i ! i are! die 
Company 12), bote such jgicemrnts as aroesidcd by an Agreernnn dand llte Apil. I'm* b*i»r-Ti tec person* 
defined a* ter Genrral Partners ilsang tee Lusting Partners other than ihc-se nhu had by thro erased In hr general 
partner* o> Pmchin, Denny a. Co »i 1 1, FDS(2l (hr Company i (land MG Vrurffie-i4i whereby. 

ti) n tee PD Bostnrxi f*pUon Agirnnem. opnoos wen* granted lo tee Genrral Partner* in require PDS to 
purchase, and lo PL'S to require tee CienrraJ Partner* fa *elL thr buuraa c4 PuuJiou Drum a Co in exchange 
far tee issue by Plri fa ihe General Partner* of up la 2 1 2J0UJ3U1 Orditun Shares of Ipe* h m PDSanJacate 
partnou of up to £HI i.ifit, and 

iu) in the Share Optical Agr r o n gm, options were granred io ihr General Partner* (-■ require 'he Cunqurr- to 
purchase, and io the Company to require the General Partnrr* in veil, (hr dura m PL>S wined purwunl to the 
TO Buxines* Option Agreement m extlvw^e (.« th< i>vur to the Grreral Patron- of ordmary share* in tbr 
Company. iTrtbnd a* lully paid up. hav an aggregate *al<ie idrirTnilned under ife Share Option Agreement i 
of up to £«>,W]0*00 and the faueiu the General Partner*, al par and k« value, of up toll aAUUMJO Dtonoul of 
S per irsL Loan Stovk. 

PDS exercised it* option tin 12th April, 1986. issued to thr General fanners j total al Jrt.ItifiUk. Ordmirv Share* 
of I peach oi PDS and made a cate payment al £s( 3.164 to <jnr of ihr General Partnrr* The Lunpim exetxrrd it* 
option oo 1 3th .April. 1936 and issued to the General Partnrr* a luuj >.rf 7(d/J55 ordman shares irrf »h* h 261.779 
such share* were placed al 7iUp per share to raise a cate --urn nf l l.vo i.220 r*-r of etperva-i. crnhird as fully paid 
op at T50p per share, and U 4.4 19.169 ncenoul erf 5 per tmv Loan Muck at par and for value; 

(c» an Agreement dated 9th September. (985 between ihr- persons defined a* tee Vendors « I u. Murgau Grenfell Laune 
Holding* Lstnved untfer its former name Morgan Greid'rll Pmprrty Vnn.-. Lonnrd ilhc Purchaser"! t.'i and thr 
Company <3iwhvnAn-i ID thr Purchaser purchased on ISth Sepitjnber. 198> front the A«ndoT*all thenvueil share 
raptial of Michael Launc fi Partnrr* Limit'd i"launr") in etchant*- for ihr r sue to ter Vendor* of an aggregate of 
39.700 ‘A* ifaro of i I each and 49.000 ‘B‘ Share* erf if each m die Pur.Tu.i-r. i n i tee L ranpany purchased era 1 8th 
Septonbet, 1985 Iran) the Vendors the 39,700 \V Share* to taurd, in rxcJungr for (hr tsiuc ro the Vendor, of 
50X000 ordmarr shares ui the Ctanpany credited as falh paid up al sUOp (>il wlurh 35SH25 such shares were 
placed at iOOp per share to raor a rate sum cJi £1,777,1 25 c lull ter Crmpam "ramrd the Vendor* npnons l~tee 
Vendor*' Opbno*") to require (he Company !>i purchase the 49aXi0 *B‘ rrfunrv referred to above; and mi the 
Vendor* granted lo tee Company option* i*thc Compani s ''iptmtv"i lu requn-r thr Vraiorv to thma- ‘B‘ share* 
to the Company. An atrenduig agteeznmt wasenirred utta on 9th May. Iteih between ter same pxwss. trai on that 
date a further 2,458 ‘B‘ Shares were acquired by the Ccvnpanv m enruudrratun ol the eaue to tec relevant Vendor 1 , 
of 35,396 ordinary team tn tee C o mp a ny credited as iuDy- paid up at 750p per tearr. 

The V(ndni>’ Option* tan, subject to a cumulative muraium m am sear, be exercised in each rrf tee year* 19*7 to 
1995 (radusnei. The Ccrapany'* Options ouy be rcrnireed on the b.i day in I'fos on whu h the Vendors' Options 
can be exemed or. if earlier, at soch time a* thr Dumber of B' Sham fold by the A'riufor* m aggregate, or in 
relation to an individual Vendor the enanber held by hen. feds below certain luntt*. 

The (qxfoa price 1* (except as docrihed bekra) tee pore agreed between Vendor* folding or feast 75 per cetiL of the 
'8' Shares, held at dir irfnini date by Vetwfon and the Company or, m drlauh. a* drierfmnrd by Caaenoie fi Co as, 
broadh', 90 per cent, of dw- market price a* if >uch share* had been quoted on The Stork Exchange The Ccenpany 
may elect to satisfy payment by the allotment of ordnurv share* of rquuafeni value, based nn then- marker price, 
which shares, if required by the relevant Vendor, will be placed. It any Vendor ha* ceased fa be cmpk.ird by the 
Group otherwise than in certain specified rireumsiancc*. tee price per *B' xharr payable lo him is 7 9te* ul the 
option price; and 

(dl the Offer by Tends- Agreement referred lo in paragraph Sla> above 

10. Taaatlon 

(a) (■) When paying a thvidmd. the Gvmpanv ha* io jccoam la die Inland Revenue for an amount nf advance 

coporitfon tax t-.ACTl ait a rair related to the basic rate of income tax. oiremlh 2971*1* cf the dividend 
paid. .Accortengh. the ACT related lo a dnidend currently equals 29 per cent of ter cash dividend pirn the 
ACT. For shareholder* resident in the UK. ifo .ACT paid t> available a* a tax Crcdil. white irednal'ul 
shareholders so resufem may act Hi against their total morene tax fobtlity or, oi appropriate vase*, reclaim lit 
cash. .A UK resident corporate shareholder will nn normally hr Gabfe io UK coipceaum u> on am dividend 
received and may be able lo reclaim thr associated tax credit tn certain case*. 

(ill Whether a shareholder who fitesadem m a country other than the UK tsrotnfed loa pavmcm fnxn the Inland 
Revenue of all or part of any Uv credit a respect of dividend* on such share* depend* m general On tee 
provision* of any double tax com cfition or agreement between stirit Country and the UK- Per*ons who are not 
ressdent in the UK should consult teen own U\ adrwen on tee pvwuNr applicability ol such pttivrsKns, the 
procedure for claorang payment and the relief or credit teat may far daomd for am such lax credit in for 
jmfetxnndwiitlin are resadem. 

(bl The Cbnqiany ts not. and voter incorporation ha* not been, a clear company as defimd in the (ncutne and 
Corporation taxes A a (970 rJCT.A"t. 

(c) The Directors hjrr been adrwed that no clearance* im particular under sen koi 4fi4 of (CT\ and section (Serf the 
Capital Cains Tax Act I9T9> are i rt pu i c d m refect of the CapAaluatton Issue, vfo Offer or any other related 
transactions, and accordingly none hair font sought. The Directors have h«n advised teal no lavjuofi liability 
teoiddanscasaraulioftbrCapnalwatioo Issue. 

(d) Na radamutics fa respect of lava tioo have been gnat to the Ccmpiav or any of it* suhsidam in connection with 
the Offer. 

1 1. Misccflanroos 

U) 0) He Bank is a party to legal proceedings in the US, seeking rerniburvanent from the Republic of Palau of 
amounts paid by tee Bank and four other banks i for which U ailed as again as cofiai4U'Xv ot a loan rrf 
USS32.5 tudhon to the Republic- In a connected action m dw UK. thr Bank i> snuuluiusxzrfy purvumg a don 
under the political nsk insurance arranged by ihe Rink on behalf nf all tee co-guarantor*, the undrniriterv 
dnpuie hteilny AlibjUgh a » too cate to forecat tec cwicdok- of tear actions or any pitenlul cicmterctalms 
or other related actions, it is ter optraon of tee Direct ers teat thr ufcnuie dlspostocra of thee drspuie* will nor 
have a tgnfiram vrffert on the Group's financial position. 

(it) No member of the Group n. or during ter prewais twelve monte* has been, engaged ra any other legal or 
arbitration proceeding* which may have, or duong such period have bad. a ngnfocaiw effect on the Group's 
financial position nor. so Cara* tec Dtavnorx are aware, are any xudikgal or arfattra tun proceedings pending or 


(b) TV hnatBCialfafeifinaaanccfataincd mthbdnrtunandna not ionsntute fuB atccunts ** item tee meaning of vrctxm 
254 of thr Act. Full pubhshed audited consolidatrd accounts of thr Group for each erf ter five imancuJ scars ended 
on list December. I ‘*85. which were prepared in ter mantsci- authorued fir bankmg cranpanv-v ureter the 4a or. a* 
tec case may be. the Campaiue* Acts 1948 i.i l^si, have been drfaserrd to the Registrar ol Companr*. Spicrr and 
fVgler, Chartered Accountants, of Friary- Court, b5 Criibhed Fnars, Lomian EC IN 2XP bate made an unqitahhed 
report in resfres of each of swh accounts. 

<c| Save as dsdowd in tea documoU, there has been no significant change in tbr financial or trading position of tee 
Group since 31st December, 1985. 

(dl |i) Spkvr and Ptgler and Peat, Marwick. Vifateeil & Co hair cash given and hate not withdrawn tear rmpevtne 
WTiuai consents to thr wsue of the- document with tee itvlushm of die .Accrunums' Report md their jmbt 
letter and thr references thereto and to thamehc* respectively in the form and cnmrxl in which tees are 

(li) Carmen r & Co hate given and have not withdrawn tear wrtnen rrmsroi to tee t*ue of da dreumeM with 
tee indusiMi of (hear fetter and thr references tforoo and to lhatwefves in ter farm and com ext in which tee v 
are md tided. 

tel The Dtrectore" polio a* to red. to irutmam insurances m respect cf al) those. nsk* oorrruBi insure.! against by 
persons carrying on tec var-tou* busmaw* earned on by i be Group and at levels ihai reafoiicaili rrtfen tee reki 
i inol rc d . However, it should be noted that there ha hero a ituiut ronreaciran n ifo omimacul insurance market 
for aB forms of profasvinul mdamnrr cover he. been espeuaDy *vrre for (inanvul in-tnuirair* and L.r tease 
companie* Kith operations m the LLv Lurrenth die Group, oi rommon wnh oifor linancul atsiittnion*. his aa 
been able to purchase tee same amount (if rover a* before, nor a* much a* thr Dntt im] weJv. particuLirb. tn 
rerpevs of exposure m the Li's Should such cmer fo come jvaiLhle, tee Director* wiD hair regard u> the premiums 
wfuch would be payable a* wdl as tee exirnl erf tec nsL* co* err>L 
if) The Diroaon bvffwxe teat aB member* of tee Group have die approvals, ittirKl*. beeners. irgntranon* and 
■netnbenhqr* required lo conduct rfoir hunwc m terir rcrpcCDvc lOTiicnrx In particular, the Bank a » 
recognised bank under Ihr Banking Art I9W and » an rwmptn) dealer under the Prevention of Fraud 
(imonnents) Act 1958 and has a srandard Icosc under ibe C'(xmbTht Lnrfil Art 1974; reher rnrmbcrs irf the 
Group have facotca under tee Consumer Credit Act I^Ta fa ropeti of ihetr rtfevatu anltitirx MG hrcunln*. .if 
whuff) Plwffun Derray & Co is a subsidiary. * an external member nf The Nh*V Esahange and Morgan Grmfrll 
Srraius LsnHrd and Morgan Grenfell Government Serumm Limned are mv-mfor* cal' Tbr Sauvk fauhangc, 
Morgan Grenfidl Fmanda) Future* Landed is a member of thr 1 codon International Financial Future-. Eufungc and 
of tec littcroaiional Comnwdincs Clearing House. The Bank of England ha> UhjKalcd that it tv urHu*o m pnrkiple to 
deal with .Morgan Grenfell Government *eoiritia Lotutcd a> a gib- edged market nukor Dl tfo huure suticnirr .rf 
tee gilt^dged nurlra. Morgan Grenftff Hncaranii fenve» Lumied t» a itsniwl snulmoii advorr under tee 
Urencd Stale* liwcsttncm .Advnen Art of 1940 and Morgan Grenfell Capita) Musigemeni Inc has appli>.d to 
become so rcgMered. Morgan Grenfell Ini. is a member -il ihr Nalunul Association ol Veuntlrv Deafer*. Inc . a 
nxinber firm of the Sew- Tori Stock Exchange and is tcyslrrrd with tee Vnjrilie and Lxchange Commi*.irm 
under tee United States Srcumre* Lxchangr Act of 1934 a* a fooler or dealer li w tec intention ihai, whvie 
appropnne, members of tec Group should make application* io the relevant self-legislating oagarasatsons 
ontsaged fay dir Financial Ventre* ifeD. 

12. Doct a a tn lo available for itupecriwt 

Copso of the foOow mg dncumeius will be avaiLbfe for inspection during usual btofaes* hoars on fan weekday ihmirdai'- 
and ptibbe holiday* excepted) at the office* of Slai^htrr and Mat; ii Rasfaghail Street, London EC2 for a period erf 
fourteen vkysfoUowtng die date uf Ah document. 

(a) tfo: amended Memqr m d ian and the condraonally adopted nru Amdes erf Aseociaoon v.rf dir Company-, 

(b) die published audited eomohdated account, of the Group for Ac two financial tear* ended 31*i Oecrxnbe:, 19&4 
. and (985; 

lr\ tee role* and 'or trust deeds relating to for |974 Sthoitr. tbr 1984 Scheme, ter 19S6 Scheme, tfo: UK Share 
Pantopman Schtmr and tee Ovavea* Share Pdfocqubon Sdwoe; 

fd) tecTnm Deed dated 1 1 th Jamury, >984 ccrfbtituling the US DoOar Fkiattrg Rale Note Due 1994; 
fr> Ac usstTumexit dated Ute April. {98ba3n*tnuQngthe Sptf o*i. Lusnfoock, 

(0 tee Acnao «»' Rcpon and the suuswm of adiiasunmu relating thereto. 

(g) dir nutreial contract* referred w io paragraph •* above, fail 
(hi the fetter* of caniemrefifivd torn paragraph I ltd) above 
Dated ,'ftfa June. 1986 



•& ir it 



Patience could pay off 
at steel buyout firm 

The glut of new issues on 
the USM is producing inves- 
tor fatigue- 

Such choice is available that 
an issue has to have a very 
exciting story to attract inter- 
est and the debut of Thames 
Television and Morgan Gren- 
fell on the main market this 
week has temporarily directed 
concentration elsewhere. 

This situation is producing 
a number of opportunities for 
those prepared to be patient 

One new issue reported to 
have received a lukewarm 
reception is Coaled Electrodes 

This Yorkshire business 
was a management buyout 
from the British Steel Corpo- 
ration in 1 983, and despite the 
vogue for engineering stocks 
in the last year, anything 
connected with the steel in- 
dustry still arouses deep 

This, however, is a typical 
case of a niche business which 
is capable of growth despite 

operating in a difficult 

Coated Electrodes has es- 

tablished the leading position 
in the application of protec- 
tive coatings to graphite elec- 
trodes used in electric arc 
steelmaking (which now rep- 
resents about 30 per cent of 
the Western world's steel 

The technology, based on a 
Bulgarian-patented process 
pioneered in the 1 960s, 
achieves a reduction of about 
20 per cent in graphite con- 
sumption with significant cost 

Since the buyout, the group 
has more than doubled profits 
from £509,000 to £1.15 mil- 
lion. but the last two years 
have been flat because the 
company bought out BSCs 
remaining 48 per cent 
shareholding at the beginning 
of ] 985. leading to a rise in 
interest charges. 

The group has also faced 
hefty start-up costs in its 
French operation which is 



now beginning to contribute 
to profits. 

Coated Electrodes operates 
from factories in Britain and 
Scandinavia, which are rela- 
tively mature markets, and in 
the last three years, has ex- 
panded into France, the Bene- 
lux countries and Canada, and 
is starting on the much larger 
markets of the United States 
and Japan. 

This overseas development 
should produce further profit 
growth in the next three years, 
while the ventures are rela- 
tively low-risk in the large 
Canadian and Japanese mar- 
kets; the operations are sub- 
licensee!. and income will be in 
the form of royalties. 

The shares have been placed 
at 84p, which puts the historic 
price-earnings ratio for the 
year to March 1986 at 9.8. 
With a profit advance of 30 
per cent to £1.5 million ex- 
pected in the current year, the 
rating drops to 8.6. 

This disrount to the average 
market rating should narrow. 

One of the founder compa- 
nies of the USM in 1980 was 
back in the news this week. 
Automagic, formerly called 
Helamau the heel bar chain. 

announced the acquisition of 
Normand Sweet, a private 
company which brings 18 new 
branches in Southern En- 
gland, mainly in Hampshire. 

The company is paying a 
maximum of £439,500 for the 
acquisition, and most of the 
purchase price will be in cash. 
At present, Normand Sweet 
makes small losses, but 
Automagic believes that this 
can be turned to profits once 
the company is integrated into 
its larger chain. 

Automagic itself has had a 
volatile record as a public 
company, but trading in the 

current year is going well. 

The interim profits showed 
an increase of 22 per cent to 
£153,000, and the traditional- 
ly more buoyant second half 
could lake the preliminary 
figures for the year to April — 
expected to be announced in 

August — to about £550,000. 

The benefits of the 
Normand Sweet acquisition 
could enable the company to 
make a further advance to 
£700,000 in the current year. 

Isabel Unsworth 

The author is a member of the 
smaller companies unit at 
Phillips A Drew 


Oeanng Banks 10 
Finance House 1 0K 




Discount Meifcet Loan % 

Overnight High: 105* Low 7 
Week feat ID 
Tnmatny Ufa (Discount %) 

Buying Sorting 

Zmmn 9*4 2mntn 9% 

Smnth 9*18 3mnth 9’u 

Prime Bank BBfa (Discount %) 

1 mirth 9 l3 ia-9*E- 2mnth 9*4-8". ■ 
3 ninth Omnth 9»w-9H 

Trade Bfls (Discount %) 

ImnthlO’is 2 mnth 1 0K 

3mnth 10's 6 moth 8 ,s » 

7 days 6«W.OO 
3 ninth 7-6% 

7 days 4%-454 
3 moth 4%-4X, 

■ ■ m 

Hiucft rfinc 
7 days 7X-7* 

3 m>th 7*4-7* 
Swiss Franc 
7 days 17V4-17B 
3 ninth 5%-554 

7 days 5 K -554 
Smnth 434 - 4*4 

I 4*4-454 
i 4K-454 

7® 18*7*18 
I 7*l«J ft 18 


| r r 5 iTU 






Interbank (%) 

Overnight: open 1054 close 6 
1 weak 1034-10 6mnth 9*t-9*4 
1 mnth 1054-1 D Smnth 9*4-954 
3 ninth 9 »h-9^h 12mth 9*4-944 

Local Authority Deposits (%) 

2 days SK 7 days 9K 

1 mnth 955 3 mnth 944 

6 mnth 9*4 12 mth 914 

Golll$ 340 . 75 - 341.25 
Krugerrand* (per coW 
S 34025 - 341.75 (E 226 

32 SQJK 


Wh *2 7A 
a 3 13 622 

oj ia 

if 2 d£3 
14 444 Of 
6.1b 3-1 2*4 
44 22 254 
lib 3-1 8U 
22 29U9 

24 X3 144 
0.1 231U 

84 24 1&S 


X* 214 


2 M 122 


152 42 



&S 112 


ill 42.1 


31 S 




184 23 

22( 13154 

D UW* 

SJ 10422 
SjOb 2612.0 
Mb 2JM07 
U 14 114 
04 AS10J3 
u W 21 J 
» 02302 
32 12 172 
an 144 29 

TKS 220 

j so 





Local Authority Bonds (%) 

1 mnth 10*4-10*4 2 mnth 10*4-10 

S 81 -82 (£ 54 - 54 . 
•Excludes VAT 


3 mnth 10X-10 
9 mnth 9*5-954 

Smnth 954-9*4 
12 mth 954-9X 


MENTS: Dividend Up (2_25p) 

1 mnth 10'ie-9“i« 
6 mnth 9''ur9*.s 

3 mnth 9 u .s-9% 
12 mth 

oaow cos nts 

1 mnth 620^85 

1 mnth 6.90-6.85 
6 mnth 7.00-6.95 

Smnth 6.95-850 
12 mth 7.15-7.10 

Applets: £3502 3»OtOCt£10Qm 

ads: £97.615% received: 12% 

Last weak: £97.655% received: £18% 
Avgo rate: £9.5050% Iestwk£9a522 
Next week: £100m replace £1 00m 

MENTS: Dividend 

for 1985, payable on July 31. 

Turnover £2.76 million (£4.51 

million). Pretax profit £2.02 
mfllion (£3.88 million). Extraor- 
dinary items: nil (credit 
£322.000). Fnmingc per share. 

before extraordinary items. 
342 p (6.05p) and afterwanb, 

• SCAPA GROUP: The group 
has agreed to buy Multifle x UK 
from its American parent, 
Muitiflex International, for 
S6J6 million (£4J million), 
which will be paid over three 
years. Multiflex UK has a fully 
integrated plant at Leith, near 

Edinburgh, for the design and 
manufacture of subsea umbili- 
cal cables. 

INGS: The company has bought 
SI per cent or Church Farm 
Turkeys (HigMeigb) for £1.27 
mfllion in ordinary shares and 
cash. Church Farm's net asset 
value at April 30, 1985 was 
£192.000. The remaining 49 per 

cent will be acquired for cash. 

based onprofits. 

TRUST: Interim dividend Lip 
(Ip)— payable on July 31 — and 
the board intends ai least to 
maintain toe final. Half-year to 
May 31. 1986. Investment . in- 
come £1.49 million (£1.42 mil- 
lion). Earnings per share 1.05p 

Terms and conditions of application 

and from tbe following branches of lioydj Bank Pic 

in The contract Created tn- the acceptance of apptica'ioite will be conditional upon adrakskai of the whole of the 
ordinary' share capital of Morgan Grenfell Group pit ("the Company" l issued ai»l now bring nsoed. u> the Otlkul 
Lin of The Slock Exchange rax birr ihui 1 Irh Jut*. IWh> Such onmrart wdl aho be coodiiwnat upon the Ofier by 
Tender Agreement dated JOth June, 1946 noi being, unninated before such adnumon. Application moneys « Ut be 
returned (uitboui interest) if either of choc conditions a not satisfied and, in the meantime. uifl be retained by 
Uoyds Bank Pic in a separate account. 




1 1 11 1 3 George Street 


India BuiMin^, Water Street 

55 Com Street 


14 Bodmcfl Street 
84 Park Lane 

27 Higfr Street 

6T7 Park Row 
5i King Street 

24 Broad Street 

Morgan Grenfell Group pic 

Application Form 

<bj The Company reserves the right, with die agreement oi Cuenore ft Co. i“Cuenove”l. W retecl bi whale or in pan 
or to stair down any a p plication including, without Ismtatioa, multiple or suspected multiple application made ai 
the same lender price and id prevail Cur payment aoy cheques or banker's drafts received Nq applications! wiH be 
accepted from any applicant to the client of mr than -i ,800,01*) Ordinary Shares of II each In the Company 
r ordinary shares"), bong 15 percent, of the ordinary shares bring offered, nor wiD applxaouns be accepted to the 
e*ieni of more than 4JVJU.000 ordinary shares m ratal bwn any tuo or mare persons whran the Company and 
Caaetwce cramder to Ix-aaing ui ccocen. If any application tc not ao-epied m w hole or in pan or e> scaled down, or 
is accepted at a lower price than that tendered, the application moneys or. as the case may he, the balance thereof 
snB be returned iwnbouJ mterest) by returning the cheque or banker’s draft accompanying the appli ca tion or by 
crossed cheque in laiour ai the applicant!:.! Through ibe post 

Procedure for application 

(c) By Completing anddebrermg an Application Form you; 

(i) offer to subscribe the number ofordnraiy shares specified in your .Applicant*] Fonn (or any smaller number far 
which the application n accepted j at the puce par share indicated m the Application Form (or any kmer pnre 
fev sshidi the application » auepudi. subject to the Listing Particulars relanng to (he Company dated 30th 
June, 1986 ("the Lfctmg HanKiilars"), these nm and ceetdinom itndudmg the ptycxdtire lor application) and 
the Memorandum and Arodes of Aisoaauon of the Cumpanv, '■ — 

Ini authorise the Gompanr or its agent to send a Letter of Alboncnt fnr the itnmber of orehnan shares forss hicb 
your application is aoccplol and'ur the cheque or hanker s thrall accompanying the application or a crossed 
cheque- far any money retunvble, by p:-4 to your address lor that cd' die hrsa-named appbam i as set >’W m 
your ApplKaikm Furm and to procure that your name itognhcr unfa dir najawsi of any other jonn 
appliarmsli re'are placed on the Riveter of Members ol' the Company m respect of' such ordinary shares the 
enmiement to ishidi n out duh renounced. 

CMTer of Ordinary- Shores by Tender 

An applicant may offer to sutnaibe ordinary slum either at the minimum render price pr at a higher price which b a 
whale multiple of 5p. The price at which applications far ordinary shares are accepted is known at (hr “Striking Prior" 
and wdl not be k» dun the m m amim tender pnee. If appheadons are received far more dun the tool number of 
ordinary shares bang offered, the Striking Price may be fixed at. or Um, the hgbea price ai winch mflfei—H 
applkatiom are received far (he ratal numher of ordinary shares being offered and wdl be decided by Cnenon 2 Co. 
alter fall consultation with the Company In deciding die Striking Price, account will be taken of a number of tacrara, 
pnnapattv the need to establish a satisfactory market la the odmary shares and the desirabibiy of allotting ordinary 
shares so as to adnese an appropriate spread and proSe of ihireholdm. If applications are received far ksc than the total 
number of ordinary shares bring offered, the Sinking Price wdl be die mmumun tender price. AO ordinary sham being 
offered wdl be issued at the Striking Price. appluatsou)*) will be accepted from any applicant in the extent of more 
than 4,800200 ordinary dares, being 1 5 per can. of the ordinary shares being otfcraC nor «)d jppbcjooni be accepted 
to the extern of more than 4200200 ordinary shares fa toed fran any two or more persons whom the Company and 
Carcnoie 8i Ca consider to be acting in concert 

by Tender, sponsored by Cazenove & Ca, erf 32,000,000 Or dinar)' 
of £1 each in Morgan Grenfell Group pic at a minimum tender nric 

Shares of £1 each in Moigan Grenfdl Group pic at a minimum tender price 
of 425p per share, the price tendered being payable in lull on application. 

To: The Directors, Morgan Grenfell Group pic 
I/We ofier to subscribe f 

I ron omcLu 
U» OM1 

ordinary shares in Morgan GrenfUl 
Group pic (or any smaller number of 
shares for which this application is 

I KcqiUKr 

<ni) agree that in cumidmtion of the Company apreriie: that it will not pnor to 1 1th Jolt. I q 8*j aDm any of dw 
oidnuiy shares hang olfetrd to any per»im 'it her than by meant nf the procedures referred to m the Luting 
ftrtKuJais. yxHir appUnuon may not be rc'oked until after I lib JuK. 1986 and that dm paragraph constitutes 
a collateral contract between yuu and the Company whah will bevianr bmdmg upon dopatch by port ra. or d‘ 
despatched otherwise 1 dun by post, nrrapi by. Ltoyds Bank Hit, Kegamos Department, or sour Application 

1 Insert in Box I (in figures) the number of 
ordinary shares for which yon ait 
applying. Applications must be for ■ 
minimum of 50 ordinary shares and in one of the 
following multiples: 

far MX more than 1,000 shares, m a multiple of 50 

in) warrant diu your remittance will be honoured on lint presemauun. 

t») agreeihai any Letter ol Allonnefii and any money returnable to you may be retained pending clearance ol' your 
reomwve; i 

tvil igtre duct sS applKaiKms. acerpuraes rf applKaiK<i& and contracts resuhmg ihereftxsm mil be governed be 
and nmst/ued m acconlanor with btgibh law. 

far more dun 1200 ihares, but not more dun sjOOO 
shares, m a nmhqtir of 100 shares 

far more than IfiOO stunts, bat not more dun 10,000 
shares, m a mulnpfe of 500 shares 

far more than 10200 shares but not more than 
^5200 shares m a multiple of 1200 shares 

hat warrant that, if vwj ven die Application Form on behalf of somebody rise or on behalf of a corporation, you 
have due authority to do vr. 

for more than 25200 shares, in a mufapJe of 5200 


Hiui confirm thn tn making such application yoo arr nee iriyo^ cm anv mfonrunon or represeotaiion m reUuon to 
the Company or any ol its uibudunrs other dun ibove cumained m the Listing Ruticulan and yuu atcnrdingii 
agree that no person respmvhk.' oilefy or family far the Lwcms; PartjcnLirv or am part thereof mil hare anv 
liability far any such odirr infomurvxi or repmenunon-. and 

No receipt will be issued far this payment, wbdi must be 
solely far this applkanav 

Your cheque or banker s draft must be drawn m iterilng 
on an' actsuM at a branch (which mutt be in the Uttiird 
Kingdom, the Gunnel blaodt or the life of Mai) of a 
bank which n other a member of the London or Scottish 
Gearing Houses or uhkh has arranged far Its cheques and 
banker's drafts to be presented far payment through die 
dealing ftabtics pronded far the oi cmb rn ol' those 

An abdication may be accompanied by a cheque drawn by 
sranenae other than the apphcamfsl, bat any moneys to be 
reroroed will he returned by sending the cheque or 
banker"* draft accompanying the application or bv crossed 
cheque m favour of the pmorts) iwned m Boxtwj 5 (and 

A cheque or banker's draft must accompany each 

An application wlB not be considered unless these 
cooditiens are fal filled. 

shares for which this application is 
accepted) at 

and I/we attach a 
cheque or banker's 
draft for the amount 
payable, namely 

„ per share (or any lower price for which 
this application b accepted) on the terms 
and subject to the conditions set out in 
the Listing Particulars dated 20th June, 

1 Annan 

4 -taKMat 

(ni warrant that you are rvtj pervn ta>ddiiKd m paragraph igi Mow i ind are noi apply ing on behalf of, or 
with a riew to readier, safe, renuncuUun or iransier to. or far live benefit of. am oath persoa 

2 Insert in Bax 2 (in figures) (be price you 
arc willing to pay lor each share. 
Applications must be made either at the 
wiiilwim tender price of 425p or at any higher 
price which is a whole multiple of Sp. 


June. 1986 


You may apply jointly with other 

(d) Acceptance of applications wdl be effected at tlw election of the Company either by nanheanoo to The Stock 
Exchange ce by notificat i on by tbr Company to Limit. Bank Pfe ol" ibe determinatkiii bv Cazoune of the Striking 
Price and the baa. upon winch appheaunm have been accepted. 

Insert m Box 3 (in figures) the amount of 
your c h eq u e or banker's draft. 

tet All documents and cheques utit by pusi will beat the nskol (be person si enmfed [hereto. 

tf> No person receiving a copy of dre Idling Pina.nJan.-ir an Application Form bi any lermorv other dun the United 
Kingdom may Beat the same os commuting an lyvitaium or offer to him. nor should be in any event use such form 
uoJesa, in the relevant temran'. vueh an mviuunn or «i!W could Imfulk be made to bam or such (boa could 

The ausxun of your cbnpr or banker's draft 
should be the price ymi have mieried in Bo\ 2 multipbed 
bv the number of unbnarv tiiam bwmrd in Bia I 

You must then arrange far tbe Application 
Form to be compfeted by or an behalf of each jomt 
applicant (up to a rnaxmnnn of three other penoosi. Thew 
hdl names and addresses should be inserted in BLOCK 


I Mr. Mrs. Mb. or tide _ 

hmumaaxin kdi 

Mdreu (In bAl 

lawfully be used without contravention ol any regi.tratiim or other fepl rcqmrttnefUc. Am perveet outside the 
United kingdom wtshtt^; to make an applutuon hetvun<fcr must fam-a-lf m. id full ohxrtanv'e ol tbe Uu , nf 
any rrievunt irmtory In connect kbi tfvcmnh. ntdudmg obuinu^ anv requisite {•nverrmtcnul or other legal 
contents which tray he required and compliance with am utter requisite tomuJun, and paywg am- bsue. uansler 
or other taxes due in anv such lemlnrx 

(gf The ordinary shares which are bring nflfere.1 ban- rex been, aid «iU not be. regaiered mxfer the United Siaies 
Secuntirs An of I9JJ, as amended. Accondmgli , such share. OUv me be oOerrd, sold, mwunted or trattifetred. 
dirrclfy or ipdirectK. in the United f* laics nr III, or !■.«■ the benefit of, any Us person or to any person purehasuta 
such shares lor re-dfei, safe, rernsnoaonn nr transla m vhc Unued hum or to. or far the heneih tA. an; US penun 
a. put of the distribution of such Jiares Foim. of Applaankm incarpuraie a warranty dial die applicant is not a US 
person and a not applying uti ik-hall of, or uitha'leu tn ixsofier. sale, renuinurvin rtf transfer to. or far the benefit 
of. any US person. Registration apyhcaiion form. Letters of .Mlinmnn wdl ennum a warranty to the vmr eftect 
bv ur on behalf ol' the persons m whose names die onhnan shares are to hr registered “US pmon" meant ant 
national, ettim or resident of the Unmsl Stale, or the mtate or trust uf mi arii person, anv corporation, 
partner s hip or other entity inured ia roganhed in nr under the lam of the Ununl Mares, or am political 
Mib-hvwon tbereol'. and any United sum branch (I j non- US person; “United States" mmtt> (be United Sum of 
America, its temtoncs and possessions. 

4 Sign and date the Application form in 

Box 4. 

The Apphcrnon Fun mar be ugnrd by 
sesneo n e dc on sour behalf, if he n duly authorised (o do 
so. but the proven SJ t.f artornry mast be enckwrd for 
ntspertew- .A corporation rhould Mgn under die hand of 4 
duh atiihonsed otbciai whose rvprevenutnr capacity 
must besuied. 

8 Box 8 amt be ragned by or on behalf of 
each joint applicant (other than the fine 
applicant who should complete Box 5 
And sign in Box 4). 

If anyone a signing tw behalf of any print applicants), the 
ponBiviofinonKi ram be avdoied for inspection.* 

Insert your full name and address in 

A You must send tbe completed 

Application Form by post, or deliver it by 
M hand, to Uoyds Bank Pic. Registrar^ 
D^raronent. Issue Section- P.O. Box 1000, 61 
Moorgate. London tQR hBL sa as to be received 
not later than 10.00 aas. on Th u rs da v, 26th June, 

If you post vnur Application Form, you arr re ro c un etidrd 
to use lint das* pou and tn aflon at feast two dm far 

—*■ □ Pin here your cheque^hanker’s draft for the 
amount in Box 3 

6 You most pin a separate cheque or 
banker's draft u> each completed 
Application F onn. .Year cheque or 
tusker 1 * draft must be made payable to "Lloyds 
Bank Pic" for the amount payable on application 
inserted in Box 3. and should be crossed “Not 

I BM fa thb reg ion wily whew there h mere than mm appHoun. The grit or - rr^n nt 

mouWesraptee Bm S md dpi it, Box 4. Irnen bsfaZirfy mom ^ 

t^c second ^ ea* at J 


IMr.atra. Km« amireram^r - 

[Mr. Mn,Mreor abhnuww 

I 5 *- Mo# or czdc F«tuiYiT 

Copies of thr Luttug Parocubn and the .Application Form can be abutwri tram the Registered Office if the Coropam. 
2J Great Winchester street, Umkin EC2P iA.\ and franr 

Basis of acceptance and dealing arrangements 

Morgan GrenTdl & Co. Limited 
New IsHrOrpartmou 
12 London Wall 
London EC2MSNL 

Cnenov't & Co. 

I ’ Trhenhoux Yard 

Uoyds Bank Pic 
ftrgtscrar s Dcpinmeni 
Iwir SKtion 
P.O Bov I AM 
81 Moorgate 
LcoJot. EC ’R bBL 

Morgan Grenfell (Scotland) Limited Morgan Grenfell (Jtno ) Limited 
IS St -Andrew Square 1 1 Dunuroq iuicei 

Edinburgh EH2 ’AD M Heber 

The AppbcMida Liffl wdl open re 10.00 uft. an Hiurediv. itrthjuije. 1 and wdl dote as soon thereafter at Canmn eft 
Co nuv dewrannr Thr fankfeg Price and the bash on wftkft application* hair been accepted will he annnunerd *» soon 
»p m 44»j<i^.iyap plirawnw lic.fto« h «.«pectetl that I g«tw< of Allntnient wdl ba pasted tnsltCCT«falapplutiiBs, 
on Wednesday. 2nd Jub, I*i8 and lhat dealwK> m the onfattry duns wdlrommciiCr on Thursday, fed Juh. 198b. 
A r ran g anents hate been made far i rgl nra nnn of atf the onfatarr dares betag offered, free of vanradtm and regteraihm 
l'en. m the names fa succesvfal a pplic ai t B or pervom m vifum.' tlnour Lepers of AOotmeni are duly renounced, provided 
that, in com of rcnanaaaan. Letters fa AUaancnt (duly completed m accordance with the untntCDuu 'conufacd 
tfaremi are traced far regtstranon bt J.ffl pm. ran 29th .Angtut. l9flt» Share ctruficnei «dl be despatched on or before 
’tub September, 19fe 

Up to a toed fa 1.200.000 ordmary shires «ifl m die fir* instance hr made aiadabfe at (he Sndang Pnce to men 
jppiicanom Erom fall- arae employee* fa the Group tcvdudtng Directors fa die Company I nude cm (hr preferential 
appheawm form aratlahfemds'rin which vpreriy the amount ol monel to be espmtfed rathre dun the tnsnber fit duns 
far whidi applsaann is made 

e AatBtkm is rimm u tht aa»u>«v numv US penon la 

_ — — or-r«m. 


; rV 



*« i! * : 

[ j - v * ) 

' ! ’ >■ H ' J 

■* II ’ 

*r 1 • i 

®7 * A*.* • 
• f 1, 
f 5-i -*I » 

* a*.. - " ' SV J -fl, 

2 :i *r 

%SS:s?? * 

! .-.i .»i . 

;■» • i ii ■' 

-» r» ; 

V ; > 1 

a u . ; 

'll wj J . 

: i <a. : 

• IJ »»v f 



•: *•* v ■ : 

* . A -•» • 

i ^ . 

H ■ 

i h 

•w -•» 

i -t 


■* I; . 
1 4 r ' 

:i«> * 
V.* ■ ’ 



: t» 


■ 1 Wl • . ” ■ “ 

* IB. i_. . ’»• 


1 . % " : a-» 


M'= rj: * 

"V- • 

1 *w ■* ;. <l ' 

■? f: ; 
* =p 

W; - 

-t •: x 

: ‘j !;' 

*- L 

‘■i ■ J * 

*-!) SI 
■»■'- =j. 

•I • 
!l ■. 

■ " ,r *1» 

■. * 

- ■! =«? 



t: r 

w •-. 



j . 

.• fit 
..? :f= 
"■ :P 

-:4 * fe 

• - ■<-* ja -. . _ * «: . 

‘ •’/ • H ; 

■ ■■ 3» . • '<• >4> 

• :T [j: 

•- P ' • «■> si.* 

M • -- S! v 

: >. r 

■ • 

•> . 

r.; il • 

» !« 

-u> - . 


7. ■= £* 

V -i 

vH C»rt»*jp pk 

r'i i-r\r 


‘^;.V ? 5 « 

' Jrr ’I »r «* fc 

r J!:* . ? *i ;i !< 

*•1* -L- ■■■; ’■? ■: 

*Wi -4-1- rr ■ - < •: «| r 

;, V *•* ' ■■ * • * 


Tectex, the loading dis tributo r of Computer Graphics is looking tor an 

energetic secretary to join its dynamic teem in the company's new high 
J UK H« 

tech European and UK Headquarters in West London. 

We are looking tor a top calibre secretary to join oar team and share the 
responsibilities of the existing overloaded secretaries. The successful 
candidate will receive training on our graphics systems in order to act on 
behalf of the salesmen in their absence, coor d inating, monitoring and 
deaEng wHh enquiries, and organising the running of the Technology 
Centre. The position also encompasses general telephone duties, and 
secretarial work for the rest of the team. 

An excellent salary and pension scheme unit be rewarded to the right 

If you are bright, watt presented, articulate and have a good telephone 
manner, tost typing and word processing skills please apply to> 

Ruth Barson, Techex Lid, Meridian House, 100 Hanger Lane, 
London W5 1EZ Telephone. 01-991-0121 



Not only do we continue to pay the best hourly rates for senior level 
temporary secretaries in Central London, but in addition we are row 
awarding a holiday bonus from the 1st July! 

There are no strings attached - all you have to do to claim your bonus of 
£200 is work for fSO 

I hours within any 52 week period. You can claim it 

twice in oneyear, and it’s even possible to claim 3 times, although you will 
be working very long hairs! 

To join the team you will need speeds of 10060, 2 years' Director level 
experience in London, and a thortwghly professional approach. 

Start earning your holiday bonus by ringing us now for an immediate 
appointment ora factsbeet; 


Crone Corkill 


What’s the difference between 
Basic W/P work and Advanced? 

About £30* 

Manpower fakes core to assign Us 
temporaries for tbetr skiUs. personaMy. 

ancf type of work. So We pay 
accordingly, tf you cai handle 
advanced word processing, well give 
vou aasjgnmerrts tnat wiU pay you 
around £30 a wee* mom than 
someone aJToasic' levei 

Bui even If youte pt ir» tower level 
it's stHl pretty good and we provide Irae 
"SklHware" training to move you no. H 
you're al ihetcp of the temporary tree, 
that's how wet! pay icju; if not yet. wen 
help you Olmb 

Ittk to us about pay ...attd an 
toe other benefits. Ctol us now. 


Temporary Siaff Specialism 


Tel: 225 0505 



A n»WQc Aawcl«tianae^«B r»pwri»n cadaBemiuy/bffice»cfaatoi« a«l eg-|br 

Os office in Loudon W2. 

tn addiUaft to providing secretari a l raaoort. to <ht Gwtral Ihwp. fartufew th» t rr .n p rwt * 
oTnMinpiB Eaofm a ad tha UK. the tt m in atn tttve tfaoea inrolTe tho» » M rjriU« d with the 
nanaencot of a sudt bat buqr office. TV ■acearful cukbu mat Inc wail ytm 
expenmee of affiet work and WoafaUr and audb akHk. A kno»fecte of French and shortaod 
mold V *n «hanU«e- Salary £&S» vm a* wo ticket loan anaafah; S «eeka bo&by. 

Ptoaaa m te awri ke ia g jw fall CV, to Dr M 8 Lovcftt. 6 Batboxat Stmt. 
LoadBB W2 SSD yonr eovatopa P ri v ate Kef GM. No Agsmat*. 

AD. AGENCY seeks PJL/Sec. 

to Dir. of Media Promotions Division. 

We need a capable, efficient person who is able to 
cover the office, work on own initiative, has pleas- 
ant telephone manner, deal with top clients, etc. 
With your sound office/sec. experience get in on 
the ground floor of this new venture. W.P. an 

SaL Nag. e£7,500. 

Cal! 01-379-7404 Ext 239. 


Suntuin, (ktiBtohlL 
Tntah. Wort PMe. See- 
n wR Wsni Prac. 0p>. 
A Huge selection of 
Hs s h gnmeni s in TV. Ffims. 
Advertising, Music. Tbetfre 
and Vidso. 

Cril Kfau ar Kale os 
01-629 3132 and become a 
PaMndere Temp - you'Q 
love iti 


The dynamic new Chief Executive of this newly 
fonued company needs a Sec/PA to work with 
. tarn. Yon trill be responsible for assisth^ htm 
wife all aspects of his work, minuting meetings, 
setting up oew systems and liaising with all 
members of staff with tact and discretion. 
Speeds 90/60. Aged 23-30. 

FRENCH TO £11,000 

An Asststant/Secretary is needed to work for a 
Director of one of the world’s most prestigious 
drinks companies. Fluent French is required 
although the majority of your work w&] be in 
English. You win assist in many areas but most 
importantly on the analysis and collation of 
finanaalfcales reports. Aged 26-35. Speeds 
11060+ W.P. 



The MD of this small bat well established 
company needs a Secretary who thrives on 
working under pressure. No shorthand but fast 
accurate typing is essential. Aged 25-30. 

GALLERY TO £10,000 

One of die leading con t emporary galleries is 
looking for a Sectetary/GgUery Assistant. The 
successful applicant must be well spoken and 
well presented as you wfll be in constant touch 
with VIP clients arid the public. Good 
organisational skills are essential to aid the 
'^ootbTUnitiqg'oflbisirell established gallery. ; 
Hours 9.45am - 5.30pm + 3 hours SaL Aged 
22+ . Speeds 6d a typing/rusty shorthand. 

RECRUnMBfrilR ■ 

35 Breton Place M. 01493 7789 


We have increased our rales for ALL temporary 
positions, so call us now if you are st- 


There has never been a better time to temp with 
Kelly Girl 

Cri us on: 

105-109 Strand, WC2 
01-336 3856 
163 New Bond St, W1 
01-433 3051 

62-63 Fencfwcfi St, EC3 
01-480 6367 
240 High Hotoora, WC1 
01-242 1832 - 

OT^raS otonS,,W1 


rs ^^wstmip^smMnxirf w u \^tm:qaip v. uuninnnumwj iMf ^y i 


Secretarial Recnntment Ltd. 

Marketfng/PJL £10,000 

It you are inteiMted k) gattkig fetvolwd in nwteting 
'reaaarcti and co-ordratrig projects wbflgt tha boss la 
sw^y 'Bis is the job for youl Speeds 9Q/80. Age 23+ 


for bright 2nd )otXwr who wants 


to oat to know the London Property market in this 
renowned company. 50% sec. 50% cRant Raison + 

ted compaxty. 

visiting properties. WVP axp. & bonus. 

We have a number at weB-kncwn etefrts In 
Adveiiising/PJL/Dasigu/PubOBhatg who are locking 
lor good ceBege taavers^id Jobbers. - 

Cal Swab or Cindy new aa 01-734 6652 

13/14 Dot Street, late WIV 5AH 

an! drvOvT \vo3»tixnjjj\n vcDHiizsim cphu 2 


exceKeat Benefits 


£ 10,000 

An oeotet appatoany casts (or a Muft caSta s sod a y nib kgal 
npanaa to wit In a Comp** Connwoal Oepantwa. Etw 
Mtrtang n a luctB aid prsssnised enutonment and lots of eftot 
tana. WP ngmcc essanttaL cai Luo.- 

I IftftCIIT Wo haw a demand tor Lead SecMules a 
■ wort lor or pres&pous o&rts flmpliou 
TEMPS CaHtial London. Ejtfalleot rates ptu tohflay 

and Bank HeMqr pay. 


- 1 PJ». 

2.1^ ^AedD/aunhand Sees, 

For mote i ntonatiop awa mesa ^o tf w Intoet a i to PWhwsptsaw 
ml Camel or Lan on 01*2424785 

up to 

i— ■ nieFSormeCAppomtmetxts 

95 Aldwych. London WC2B 4JF. Teh 01-242 07B5 
(artsapfrone after crfficstiours) ■ 


The freedom of choice, flexfljle holidays, 
favourable pay and further experience - 
temping could just be the answer. 

At Rttz In ihe City we have a variety of 
bookings from the prestigious Inter- 
national Ban to the informal PR Co. 

So for an honest appraisal of what we can 

offer you, call 

Carmel McLoughlin 
on 283 1555 

Top rates for our 
Top fobs 

Call us now if you have secretarial 
skills, fluency in a second European 
language and are ready now for in- 
teresting temporary work in London. 

174 Urn M Stmt. W1 




Based in ine ChaiRnaa 
and Director's siite of this 
Wl multi-million con- 
sumer company your 
experience, aud sophisto- 
lion win be n ee de d. Sour 
but accniuK typing tad ao, 
oulgpinx personality 
required. ' 

' at 

Staff Introd nct io pf 
TEL: 01-486 6951 

PR Assistant 

Complete involve- 
ment within the team 
doling with super 
new accounts. A real 
career can be devel- 
oped within this' Wl 
company if you have 
WP experience. 

CsM Ub Morris. 

Staff ianoducum 
TEL: 01-486 6951 

■work ft play! 

£1 0,000 

Faa-pacad eftee need, good 
dent amOH a Mnawal ted 
teSMnlFnedOtm. V you 
n ml, *n W an&m. 
tows M wests, tew a sm af 
tumour ait not a Job aOb 1 0ks- 

etEcal wtey 

CITY: 01-4S12345 . 

WEST END= 01-938 218S1 



UritetM And at BapHcS 
8eBgnM «**>* 6q» 
See M> > bw wvt if ogwy- 
Vanety. nsperaMly 4 good 
aoneatiiie nn>n nw - 
dAis tadue lots or dam laum 
■M deaHB Mtb no caiwpco- 
dnee Stum teactep pon Mr 
Dwwo ij pa c NK- 

CITY: 0L-4SI 2345 
WEST EMD- 01-938 2188 



Required for Cits' baaed Solicitors. Must ba 
. Well presented.. 

-Have previous experience on Monarch 
- ' awitebboard. 

. Punctual 'and reliable. 

Knowledge of Italian useful. 

Safary £8,000. 

Please write enclosing CV to: 

. Mr C Cokunbotti A .Partners 
1 Knightrider Court 
' London EC4V 6JP 



saury am 

BOX Man: a f»esa aadvtknd 
tmcaocis. are jeer rnttjtiw. sri 

to systems sm enjoy the $&m- 
issig am nuijBft of ns toU 

aa turn « 4oe ni7 

**8 T&ST 


Barsard Mams 
ComnwreW Bepmtnvd 

saanred imK pte- 
sented Swasy/Assto*. iNe 
toverit on MDWw & spsi d a 
srW raridti etpntag ifcnrt- 
tsrn -progrecsw 

firm. CUB# pa. - 

Rfag 682 5561. 

is Hywcfri - 


Commercial Director of Impett/Expoii Company re- 
tpmes PA/SeoeUry. The nncmU applicant will 
Itave good diorthand/typing bot in addition, and most 
important, imtiatfre. commihnPnt to work longer than 
average hours, together with wifongMea to he involved 
in all aspeeta of the Direrfor'B job. 

- foterestme onritlon 

.. . - Beautiful Begravi? offices 

- Salary approximaiely £10500 ue. 

Written apufications only with lull c-v. to: 

.. .. Mrs. B. Storer. 

Inlaks (UK) Li m ite d, 

23 Cbeahm Street, 

. London SW1X 8NQ. 



£11,000 neg 

Hwe no tha cool bead aid seer 
skits to oigaase me tosv Chanan 
tf ms tegmy succetsW Pft anter 
m Coma Gialen effoemJy? Ths v»- 
ad ml resmosUe poster mores 

erenthna horn fetnatmg tie peter 
Brit (aged 

self to gettan out ml Kraut on lute- 
ins or axite.'rxK m tWHfing al 
me <wst ctefidemal aspects of you 
cftasraTs busaess. Vou nasi im 
at eeoHent Wephom manner and the 
abuy to stay crim n sU orcun- 
shocts. Plenty of scope (or a 
commtt&ri PA edit AM 100/T 

£ 10,000 

Mature and confidential PA/Seodary hr 
key position in small City-based team with 
international clients. 

Efficiency and enthusiasm essential plus 
good s/alb including WP. 50% secretarial 
50 % admin. /client projects. 

Previous experience an advantage. 

Call Barbara Green 

- onOl-5885656 

(jmA Control 


Do you have panache? A fast-moving style? then 
move into foe centre of things with this successful 
reem. They operate internationally; creati n g high 
profile advertising for big- name com panics. Wrrkingin 
a pairs; creative atmosphere you will co-ordinate 
projects, scripts, presentations and customer liaison. 
Some own correspondence: High admin content. 
Limitless scope. No shorthand. Good typing & 
experience essential. Please call 01-409 1232. 
Recruitment Consultants 




He have a variety tt orating 
yto for cotece ifiaws trim 
opportntoes m Potrtc fete 
bans. Spans Pramotan and 

I you bate speeds oJ a 
lost 90/50 ad are taokmg 
Us a tast job mb meto- 
tnsnt and a dance to be 
more than jasl a t w i l ay, 
Hkb orii rs Btmr on 

01-499 6566 



' ? *W&Cliadet6 puff up 
r p^'aacfc^sfte ‘ 
\x: 8tc&peppaner*kjL 

of Bond St. 

Judy Farquharcon United 

47 New Bond Street. London. W1Y 9HA. 



Outstanding opportunity for attractive, posi- 
tive personality aged 28 - 35 with 
computerised bookkeeping and adminis- 
trative skills (45 typing) to join small 
expanding communications Co. Wl. Must 
have ambitious, career-minded professional 
approach and a good c.v. o£1 4.000/El 5.000. 


Aged 25 - 35. This position needs great poise, 
business acumen, flair for organising and 
public relations, with secretarial skills of 
100/60 and board level experience. £13,000+. 

Nbg^neB<toatte ft i i*ilJLr) ' 

. 0M2912O4 , \ 



FOW £X£Jt?L*fiV 




Earn gl 1 JOO+^tr mm fmdudmg q mi tbrty bonus), but I ware 

vdl prt 

prosper too. 

i me la nac ny eampmy prosper and you 

m Ewaitnw Search a Ua na nempit lecr u arcH ynm 
-Mari be teg 

o< mareewm greterred. Mon be isghty competent hi 
W/P. sbodtand and audla Soma conrnercii t) oaefccromd. Aged 
2S+. - able to wort odd boors. The job is nor easy tn the nptn 
enfidato wB become an Assoam urector wdsn a year, n you 
are mid enough to in me you reasons why and dm a 
me phone mmer. 

ruyume j 

Peter M G Hm Hsm Ward United 
D a m te e torch mi UnarmeM H uMubdow dl 
8$ Btaadtord Stmt Unde*. WjH 3AJ 





A friendly company with of- 
fices m pleasant surroundi- 
ngs near St Paul's needs a 
well spoken, smartly pre- 
sented receptionist to 
visitors and look alter a 
aren arttchboanL The 
to deal dwirowly and 
liity wdti people at all levels 
and » excellent telephone 
manner is tmpotam. Typing 
would be useful Out not es- 
sentSL Opportunity to team 

Age 24-35. 

c £10,500 

ManagaiTHat Consultards 

seek wmg Seoebry "to 
hasenthuresm and energy 
to wrt on presentations la 
international companies. 
Admin content vaned and 
interesting. Good skills. 

Meredith Scott 

etc. etc. etc... 

One pers o n to do the work of seven!! Busy Co vent Gar 
den advertising, agency needs iraeUigeot, enthusiastic 
person mth iouauvr and good organising ability. Plenty 
Of variety, wide scope and prospects of KCeflent career 
developments for right person. Applications m writing lo 

csa puBucm; »a James street, 


£ 10,000 + 

Bonus + Bupa + non contributory 
pension scheme. 20 days holiday. 



A ged 24-30, smart appeatance. speeds 100/50 
(book keeping experience appreciated) to look 
after two Directors of small friendly invest 
ment management company. 

Lots of PA work and client contact 

Ring 628 7282 


A small Management Con- 
sultancy Is soon moving to 
lovely offices m Covent 
Qanfan. They don't need 
your shorthand but word 
prficessmg writ be neces- 
sary and they unU cross 
bain you onto Wordstar. 
Mon mportam wfl be yore 
artoy to usayour initiative 
and show fexibfety and 
com mitm ent There wit be 
opportunmes to increase 
your eammgs to c£lO.50O 
with overtime but no week- 
ends. You 1 ! tove IMS 
company's attitude - they 
work hard but have fur. 

of Bond St 

Hecnjiimeni Conurfums 

55 MtevtamW 
01-623 1204 

£ 11 , 000 + 

This Personnel Manager 
handtee toe conQdan ba t 
personnel side ot a lead- 
ing company but is also 
responsible tor Interna- 
tional public relations. 
You wtu need, of course, 
to be toe soul of ctacre- 
tion as we# as educated, 
articulate and able to 
cope with 90/50 
sftortft&nd/typtng and WP 
(preferably Wang). A fas- 
cinating yob at executive 
level dealing wfth people 

of Bond St. 

Rccn.innem Consultant* 

. Mi B5 l 5*o tm * hmnxa _ 
BV-629 U04 ^ 


With French as your 2nd lan- 
guage ths amaom PA rote wn 
mwtw you m ad the Martatmg 
and <Mmum ol a vrortd tarn- 
ous cognac. 

Ths inly oeattd posten aion- 
psde the Fmann Dream ottos 
opeortumtes to desekw on the 

mg a mo RA/Seoelanai back-up. 
Computer literacy and stats 
>00/60 are me pre-roqusdes 

W Robesca Headbqi oa 61 

283 1555. 

■BJr H n N 





An excellent career mow worts 
an experienced Graduate ban- 
dhno tie Reoutmam Admns- 
trano n tw a tvm id GbeneRd 

Atongsxlr the Dveetn of Train- 
ing enn Personnel you ura enjoy 
your Deni areas ol resoonsMdy. 
mdubng the mtenaeMig and 
salaam td p hmm 

Sound admh. sfaBs ■■ eatamW 
and some nieresi m the pmlaa- 
aon - ryjvng pretorad. 

Call Reboca Headley os ft 
2S3 15®. 



£13,000 at 23 

Your eaceobote seoatarol sHHs an neatol by the OUnaan al 
ms tattey suctassfid end presognus company. Utartmg as part 
ot ttas top-ltqM team you sbouU possess the energy needed to 
keep pace «itn hs rureraia aoMbes. You writ be based in 
beareful offices and eopy a busy trendy tonosphare. 110/70 
shDs needed. 


. Advertisteg U ftrcbllccts 
FasAfaa to Fteaice 

Ptese oN Dtttw BartovKh. Anna Friend. Jucfi Osborne or 
Bteen Rktardom 6 un. - &30 pm. 

K mtm A 

mm/m comrm 


RNAWtAL NtZAfO £10-13.000 reeds a tp top W to ran m London 
dash. W8» ths presngnus group based n St James you w» assum 
responsiWty lor your own protects. A head to finance ad comwers 
cottd earn you eax*m orospeco end a substanm nimnendon package 
+ benefits. 

OK TO OK £10500 + bonus. Wortma to a tWottM MO witon tbS 
smafl Uaytur oftce you art be respoostoe to day to day artreKWtai 
re Ik interests. W* ire toobog to auhanB wati teoadedge re Got- 
land. good wort recant and extremely pleasant character. 

1MMTED PROSPBTS to advancemem towards Umb te Ptoo w » 
p/nmeed wdtan Bus young toward thrtang company tor a good stoe- 

on 22+ (oo shorthand or audn).irtio possesses 
State an atrtty 

to thoik on tfcret feel (♦ W knwrtedge) 

THBasaw C0 Wl rereww Secretary, (no asfioor tsato- 
ttee avarany ol duees tndodag adtun. Pretoted age 14+ vaft a least 
one year wort exp. £7,300 

UMBQH HUTS £7«n. A vww to wgBBMg to a WgM temj 
see wnh good typog and tafappore voce. Ths mshgtore to based mSt 
James tel gnaode axcefiem namo tor the nght candaWe. £7,000. 
BOOCW6IIAM PALACE Hnubr vsds to the ptiare tel late ptan tern 
you assume the rale re B*ga tea«r « wjttim tto attrere 

the presbguus Wl amamsaun. Good skBs requeed (80/45) together 
■Mh 'A' level education. E7JI00. 

Hem csatact Unto He tote ar fa BUrd at 
01-4M 3154 er 0V4M B48Z ittirIJte*. 
srete 22B, than BA i«/l» fan) BAltere Wl 



Are you a secretary interested in a position hwoMng 
more admkitstratore work and toss typing? If so. we 
would ike to hear from you. Our client, a major 
computer company is tortang for an experienced 
Wang operator with organisational skff$ and praf- 
erably shorthand to work to their 
busy education} tmtoe^ centre In 
Euston Ibr a tong term temporary 
assignment with excellent rates. 

For move Information caS 
Sarah on 01-579 9416 



We need someone with wp teutt experience to sdl 
beautiful works of art and con temporary enamels. 
Very busy, happy atmosphere. Excellent salary and 

Please write in confidence to: 

Manegreg Dfeecter. Halcyon Days. 
14 Brook Street, London WlY 1AA. 



Expertnwd a nii f yau rint lwsel reoatoiy^ —tamo m re- 
quired » Join a professional tana is Wait Laodoo. We mi 

nbridwy of i major umrasc* oumpony aid mpUK Hmwane to 
take oa ooneidexibb 

pasonal m po n^ atty and atemhoM 
hdped fey nor expert computer yystCSL 

A BAaintial vLgy and benrftt pvAace is avxJcbt? ta the right 

Con tact Men S Leu, BoBwmove Ltd. 
Teeb W«M Centre. Uwidon. W3 
or UbObMe 02404 2556. 




Chairman of growing 
Tour Operator needs 
unsntty a genuine PA 
vnUiog to tmaertakb a va- 
riety of tasks. Strong 

personality important. 

Age 204-. cjn 0,000 + 
benefits. Immediate 
start. Telephone: 

Ol 202 2080 

CoatjBoed on next pape 


PA to Chairman 


This is a richly endowed opening for a 
well-organised secretary of at least one 
yeas' experience. Our diem is a charitable 
body whidi ptomoees excellence in an and 
design. Much of your work will relate to 
promotion of events, awards, competitions 
and student training. In part, you will enjoy 
an executive role plus lots of liaison, 
functions and general admin. Good 
shorthand and typing are essential Age 
20+ . Please telephone 0! -493 5787. 


RrcrainneK Comdaras 




Join m snraS informal Him of management 
consultants based In W1. who spedaltae in the travel 
and tourism industry, as offioa mwaoedPA to the 
managing drector. You won’t be tied to the type- 
writer as youH have your own junior secretary, wi 
wpm typing abfKy and WP experience needed. 
Shorthand useful. 

.EBaoboft HwtLRocruftnianlConsufejifcJ 

\J8Gosvenof Sheet London Wl 353J^r 

Join this top City investment bank as secretary to 
two executives in capital markets. The company 
sprit Is one of commitment and hard work which is 
rewarded with' an outstanding benefit package to 
indude -free fares to work, a superb mortgage 
subsidy and generous bonus. Tha offices are smart 
and wall equipped with the latest techootogy. Fora 
career in banking please telephone us now. 


V. 23 Goflegeltf London K40KM0 3551 / 

Secretary/Office Manager 


Young architects practice - require full time 
secretary/office manager. We orfer a very good 
post and a pleasant working environment for the 
right applicant. Salary by negotiation. 

Application with CV to: 



Requires Secretary/Office Manager to Managing 
Director. Previous experience reqnired. . 
Top salary paid. 

A Senior Partner of a small friendly Company of 
Law requires an assistant who can take responsibil- 
ity Ah 1 running this hectic office. Very interesting 
work, so the successful applicant must be willing to 
offer commitment and flexibility to th«n J mnJ ng 
role. Comprehensive training shall be provided on 
the Office Systems equipment. Our diest would 
prefer a small amount of Legal expertise - 
IMMEDIATE interviews. 

For details and application forms call now- 
01 -349 3151 ask fin- Deborah ext 221.' 

SjHwpsen AimcMm. 

20-22 Vestry St, Lewdest 111 7RE. 

For appo intm ent please telephone Paula Howe or 
Mary Stewart on 439 4001. 

Office Systems Recruitment Services 
115 Shaftesbury Avenue 
London WC2 


For DAKS Simpson 
Wholesale Marketing Department 
Candidates should have fast accurate shorthand and 
typing - knowledge of a European language would 
be an advantage and some experience of working in 
a commercial environment essential. 

Please write with details of education & experience 

The Personnel Executive, London 
34 Jermyn Street 
London SW1. 


requires assistant recepiaonist/bookingB per- 
son. You should be bright, outgoing and 
unflappable and -at least 21 +. Youli need to 
type but above all you must be great on the 
phone. A background in the advertising busi- 
ness would be an -advantage. 

Call Amanda on 580 7316 



Excellent secretarial 
skills. 24 +. 

We need a capable and efficient poison for Mb hay position to 
deal with (tie secretarial and atknMstiBflm requirements of our 
residential sales negotiators. Wfth your Bound MCtatsrial ex- 
perience and knowledge ol Word ftocesskig you mR become 
an Invaluable number of the team. Salary con wo rnurate wBti 

Meredith Scou 

Please telephone 01-586 5899. 

17 Pai St. Lmdm EC4Y IM 
Teb 01-SU 1034/9055 


Meg to £11,000 

Senior Par tn er of this nd 
friendly teem. SWI serin a 
■eciwuiy/aristm. Short- 
hand and some amfio an, 
needed. Wffl cram tram on 
won! pipro—or. Pleasant 
working environment (bar 
weeks hotidays + S-T-L. 

For m toi i ig u telep hone 
Veronica t-f. on 



Opport u nity far esmep- 
uonat Secretar y /PA 
wtth InUative in senior 
post witfi small PR 

01-834 2151 

01-937 «525 


artwnfc essential 
SA&raraGomay Grant - ' 
IZ^Mdynaa Street, WtflSHli 

Intel loenl and UmctAX aecre* 
lay Igr two par tn ereof small 
Sunewn practise id Mw- 
Car. Applicant- md be 
Hieraie. pr meMpg UrM days 
'secretarial skills and thor- 


systems- Excdlan opportiv 
any lor -self assured parson 
wanUno' re sp o n d b m ty tn. a 
dOMMlnr txA sunuuung 
ICO. Me prcMrcd 22-26. Sal- 
ary £ 10000 , 

Repty t» BOX J7S. 


Haw VAC hi mid July tar 
S eWAeetlo partner |ooe 
loavgr considered). 

Small Friendly ptnto- 
grapMc 1 company. Fulham' 
urgently requires a general 
s ecretary- early 20 's. to 

take full rnpoirObUiry for 

lire general runnine of me 
office and to water Direc- 
tor*. Dm log useful. Salary 
■-rn enn neqotUBle. ■ 

bwhit frames 



The adratosiw and pufafc 
nuns world offers great 

S b and involvement for 
Kkcatad young secretar- 
ies. Lots d! client liaison, 
raetfa taring and abowafl a 
fast moving fori y envfran- 
raanL Let os help you break 
into PR or advertising now. 

3rd How, 124 Mpaon H. Wl 



Tel 01-736 5233 

TO £8,000 

We currents have several 
vacancies for secretaries 


Co's, immediate start Cfty 
and West End. 

01-935 8235 

(Roc Cons) 




We have vacancies in ALL the above for 
young, bright college leavers with good 
secretarial skflJs and lots of initiative, who 
are looking for their first step in an interest- 
ing career. For further details please call 
Lucy or Harriet on 01-581 2977/2947. 

rittNCR speaking re* teg* haver 
wim sound secretarial skills tn 
rhKUng English shorthand 
required by wen-known cos- 
metics nrm. to work for 
Product Manager. A dew** 1 «8 
not necessary, but exceMM 
commumullon skills In Doth 
fcuuw**** are. as wen as a 
onwu and outgoing personality 
to nt hdo ihh raw-moving mar- 
keting oi mw m ai t. sjjooo 
plus. MuUunguai Service* tre- 
erurtment corrmltantu 01-636 
3794.- 6. 


We have a choice of three 
clients. aB within a stone's 
throw of Knuds (Estate 
Agents, a company who 
look after tha business 
interests of Royalty, and 
lastly a small firm of 
Financiers}. They afl re- 
quire a young, enthusiastic 
secretary with shorthand 
and lots of initiative to 
work at Director level 


Are —voted hr Pn h fa M ng. 

Mndic. n...ilw. uld 'any 
dUnt pro hr rio tiri coo- Sola- 
nos mat b e toreo n £MOO 
and £7.600 ajL*. Actuate 
aUBbk Le. 70/80 stolid. SH. 

w-pua. typing. Ago 17- 
20 with a pood standard of 
trfo Ml ioa. ondi . and 

arapny n WDI. Stattra d. 
.typrig nd > good bmriadga 
0( writtn and swtoi Fnpcfa 
am e ss wtt B L Ptaase said a 
brief CV to: 

Bfess Amrette 734 78*3 
Beghrii Pan. Csso. 

UIWiiupa c£i + got- 

For further (tetris please 
can Harriet PAddledfeh on 

01 581 2977/2847 

Aovomson CO based tn wi 
are looking for • Pn for twtr 
Senior Bntnna Director. This 
win be a rareondble Mb involv- 
ing a great variety of 
adndfuwrnuon Good SH JOd 
lyptng togetMr wMb cmwulrr 
and. or wp exp. Age 27+. 
Cl 1.500 * perks. Tel Andrea 
Ol 629 7858 Barnett Media. 

mor tg age, nm ctasi «W wuh 
ebHHM secretarial suns for 
principal of leadUH cuy bank. 
Preferred age 25 ■ 38. Please 
-ring or tend C.V. to Mrs Barry. 
Tavistock Apptv «2 Tavistock 
Street. WC2.-01 B36 6886 

CtmML ASST. Oty Bank 
etXKO + omc bank wtirlfc ide- 
el (y suit IB* *»ttb 2 "O' levels + 
«0 wpm typing. Train on WP ■ 
ExceHent pronoMn pratpectv 
Rtngr or send C.V. to Lynn or 
Pun. Tavistock Appu. as 
Tar Mock St, WC2 7PB Ot-836 

vmwKWo am » eo a» you 

keen to tom Btackbeedti's smart- 
est and OusteM Estate Agents m 
the heart of me viHage? A conn- 
detu. well spokm ana 
presented, accurate audio sec 
required totem our young and 
Hvety tram. £7.000 pa. TH.-OI- 
318 9806 . . 

wt would Rke a bright young 
sec to work for 2 rvecuuves. 
You wib need good typtng. lots 
of inmauve and be cmabte of 
dealing with adram and dtents 
etc- Media no b not necesnary. 
SH and WP rxa helps MM Is not 
nAeniwl Age 18* irjoa 
Please ran Andrea on Ol 629 
T8M Barnett Media. 


EaUMMhetL fnendiy. select sec- 
reluial Apncy seeks 
experienced interviewer with 
enthusiam S mutative who ran 
develop own cUrm parti otto Ok 
reciorsti l p tor ngnt person. 
Generous salary package, in 
chiding good comrmMon. Call 
Eileen Price on 340 9384 alter 
7prn 741 2064. 

firm located m EX* need an ex- 
perienced operator for there 
IBM 5750 board. 36 hour week. 
wim emce tt ent benefits ♦ 
CS-000 ps We have.many Oth- 
er Telephoned vacancies thud. 
Please conta ct Tina Crofter 01 
930 0733 Gentecgm Start 

■U ve J LwVv— 

WP fXPnrr or Wants so def we 
have the fobs or can tram you. 
Word Associates 01-477 0453 

£6000 * BONUS- Minimal wc- 
reurui duiks are- nnhttf In 
this gosthon where you be 
working wBh the de al ers on the 
trading Boor of IhM well known 
city st u c k brokers- General of- 
flre admnfcmJoa. oora parry 
revearrh and flgiire -aredysM 
«4B an be pan of yow day as 
wtfl nurmactonal uw t a cl with 
clients. An extrrmrjy Iw bid 
ion Mr Mr WMM wtth a 
ouick mud wno thrives on orc8- 
sure. BO 45 speedtk Caraonr 
King AyptenHMMis' Ol 499 

Porks. A fauutoui opporlunny 
to iotn one of the UK"3 loading 
conference organisers to work 
for theft- HP man. a obfln- 
gubhed poHK figure- This Is a 
gemamUng ml* where your 
ceftenre tn wereurtef 
sidndnrds. grooming and soctkl 
presanre goes without saying. 
You will often travel with him 
on buslnea trips, meeting dgn- 
tanes. A sense of humour ana 
an outgoing personality la es- 
sential- too 60 + audio. 

Caroline King AnpotntroonaOt 
499 807a 

anntDOMN jswsbo- raww 

expandipg dcW gn c o tde k ouK*- 

Ihmktng see (or smaD loam. 
Lots of nation and tnvnf'enwnt 
working on eiwte- nrolects etc . 
fan pare Great crown No 
sltonnand. MM good typing Mid 
Jm'rw essettfal. AW Z3» 
Please in 01-409 1232 The 

won snog 

pwucmr cfkssa. join sms 
fun. friendly lean m the PubOc- 
My Denaruneni of a malar 
nnernatkmai engineering com- 
pany. This a an mmaUag 
position with a minima) amount 
of truing. You wtD coordinate 
and atsrriouie an putaitctty ma- 
KriaL Dregare ares reieaics 
and meat clients and vMttng 
overseas -government detega- 
Uon. Typing 60 wpm. 
Trinkonr Candtnr King Ap- 
ootiuments Ol 499 8070 
cosmetics co seek FrenctMoeak- 
mg secretory Working ctosefy- 
with rwo top e xw. u a t e. you 
wlfl hanchr confldenftai plans, 
polici es 304 «mar level deo- 
BoitSi Benefits toe "5 . work 
holiday, letsw fariWIn and 
good dMcuunts. -A' level ednra- 
uon grefered Accurate Nctta 
<80 SO) essential. Me' 19* 
Please let Ol 409 1252 The 
Work Shop- 

Please let Ol 409 1 

Worn SIMP. - 

i l ai W - ' . e l<> V i- iT n 


Eiaooo. Ttus Is a key socmen 
working for the Manana Di- 
rector of an International Ad 
Agency, a nurauous oooonu- 
nitj' for ■ lop PA <27+i with shr* 
typing and advertising esperly 
enre Further cctaas conun 
Tr*a> Forhn 01431 1541 
Pnc e i anwisi ReeruftmoM 

fbOLUQUL UJVYCfr £7.000 * 
bem-Ms. Good raUbre coOrge 
leaver with -A' UvctssotigM by 
mHrnattooal Ugh prg0lr Com- 
pany to add ctUBiMng 
M a n age r . Intencsiftig . work la 
the Company SocrecarUi De- 


tear leaver, this is your chance 
to enter the fMcuouig world at 
PoMHteng. wortopo for the 
cnarmtng Booh . ProducUon 
Manager of mis unxu Co. 
near St.- Bolds- you Win peed 
50* typ. gooff spemng. TTs. 
pterm oi Udttauve ana a Bvety 
mind Please Call 437- 6032 
HOUUMWS Rec Coro. 

Portmrnl . Cxcrftmt ooporl unity 
foe bright pent* Witt good 
ratal typtno skulk CattCamM- 
ri ersg mt al AHHMmokmOI- 
242 0785. _ . 

I i I e- n ag . - Vi> i 1i | l 


known charily seek, PA to Di-’ 
rerior. Thiv B a nusjt absorbing . 
rote of aparok-TCAi sslnku cost- 
tenL working on fund raising 
dud iront-ibw naisorviA prefre 
atonal ** methodical wjoftrft 
h required along wuacowf meat 
skills 190 60L Aw g+'.FkM* 
IN 01-409. 1252 Thft.Wodc 



young temps. Wb ofter exceflent ratoB, constant 

•• - team, and ■ caring, pern* 

Us ol 80/100 ah or bugHo, 50+- 

are 18-25, cal us now. - 

437 6032 




Recepticmtet/tefephontstTec^jired for a ttracti ve 
new offices in the City. Ptessey iSDX training 
given. Must be weO-growned and weB-spoHen. 
The hours are 8.30 am. - 6.00 pJTL-with salary 
to match. Perks in dude nofvcontribotory pen- 
sion scheme, BUPA season ticket loan and 
free lunch. . ; - 

Please teleptiond Mary McCnamef: 
01-247 4311 

No agendas 



with good telephone man- 
ner and typing required for 
maritet rassstit company 
in Cavent Garden. 

Rosemary Ames 
on 01-3.79 7818 


Required fof a Central 
London Gmsereszive 
AsKicuoon. Applicants 
should h>vc 

CotapaUf/WP experience. 

Ptashmu aflfca contact 
nidi memben and varied 
social activities. Sabiyac- 
erpcric nc c. 

Ptesse telephone 
Mrs. Lord ob 
. 01-352 0102— - 
fir frirtber details 

Career Move 


£12,000 neg 

Stqierb gnMftunitar Jot career 
miadod PA to nwk with trap 
outopreno ug- Sbmdd be abto 
In late t aan p hte cortral of 
office. Extennve gnaw B- 
awon. Rii« CbndoUe Brans. 

01 626 6283 

c£7^00 - CITY 

Stearnoitarir needed tor busy 
Uopf* Uodorariter and lS 
5miil. friereBy tan. The postwo 
■mhas nnrtng tin office and 
minding the menssary back-up 
■ifcg to osBtnnl prooaasor aad 

This. is an eszM opportodty 
son (tanknum A Lonls) wdhafl 
rauntf ffidty. 

On Mm m SV481 SWI 

(No agenciesj 


PfraK Id 01-409 
work ShdO- 

fNG On off lo a great 
. ..«fwr ftort wtttvQds mogarine 
BuottehtnD cunwany. AwfcOng 
me m yon wtu um uwu- 
known public Bowes mi woj 
carry out • varied function. 
SkiUs 90.80 wpm. Synergy, 
me .rearunmem cmwuiuicy. 
01 437 9633.. 

ftOLC 2ND fkOW - writ known 
wine shipper seek PA » Mar- 

kefing Dtreclor- Busy mvwvtrw 
iab dealing with VIP Giotto 4M 
■ooklna after iravei a(c. Smart 
office*. EacNoni beneffl*. Good 
■fwtuiand typing phis Hand. 

work record requepled. Age 
.224- ■ Pfra4e GH Ol 409 1230- 
Thr Work Shoo. 

WTHOBan* coroen annmat re-- 
aidres peramur iwm ift 
Prlernoi-oiaft. dislrifcC Gauntry 
■nd animal lover ihmjiILu.- 
Good dmer Wttkenl work- 
<wro*ftei« twee wa ry .Sdw. 
CiaOQO phn roUage. H*r 
vtewi dftrr to Ju*y. Body to 

BOKA7S - - 


£8,500 - Wl 

As mnurffieMm to the pub- 
Mnr of a neofy tomebed woai^ 
p a M ab on you mB be topt fang 


I 1 VJii I r r * r 


ffl^OO - 10,000. 

Apod ibortknf.MC. «Hi torn 
WP ap. haHqfct to oak fa- the 
M^iq Diwctor tUbwS- 
. hpgro ^QA. tent. Jaw pod 
P«*«ftutt*. b* all r ul rt a wdb 4 

SDodsHwoftemoic. VbrdriaAt 


ria* Linda WtcMI m 4W. 
■ WTIFiandlteiTteMM. 


£9,600 + benefits 

Young test uaifiui go 
w q ui i M n ntu b itit aa aecre- 
Ury. Lota o f vari ri y and 
investment, constant inter- 
natioud Item with efionts 
.and cM te aw w . oztonam tr- , 
■MTrh . ml nnsnisothin 

Plaose pbdne Ddn> ' 

01 002 3012 
Staffpbn Rec Cons 

Internationa 1 ! 
-,r. ^ Sec ret a lies 


HE AB HU C CI AT1 B and writ re- 
warded twtBtngyavr Wj>. and 
Secretarial SHk and em in a 
leading professional fim weze 
28 - 38 £10000. Covmt Gar- 
den Bureau. HO need Street. 
EG4‘ 383. 7696. 

riYff O PA for log Properly Co 
to Wl. Dedication, taterett and 
fast typing aaeMUL Miff zerv 
Jayqar Careers tStoane Sot Ltd:' 
Ol 730 6148. 

■KBCAMCH see wm taUUMtie, 

■mw rusty SH lor Advoming 
Agency. Must want responribd. 
«v- To C7j6CO. Duke Sf Rec 
C"M 01-493 8676 

oMMM VIDEO Bbrary nt 
trav el to mu* Adcerttring Ex- 
ecutlvc SH 90 To £8.100 
Duke St- Rec Core 01-483 8676, 

MB PA/ SECRETARY, pobed & 
calm lor Ourf Executive of ma- 
jor BfUtsn Co. "A* level 
education. w*c English 6 vkHte. 
Ace to 4ft £to^oa Gemroue 
heneflto CspUal People 200 
9384. after Tpro 741 2064 

RICIMOMD. PA to SalCB to Mar- 
ketmg Manager. Rusty ih. Born 
tovafUi er. c .neg & perks. Can 
Natalta TED AGY 01-736 9887 

Jee ' ^jl 1 ' p 

< i , ,V n i* - " 

i ii M 

i J ;hr 

WPJri. LffTU- based Pic 1 

aL L " ■ 




i u 9 

'* i >,* 


;VT- f 


f Afty 

* , 
z'-ZJkZS. \ 

!•”—••• ♦•■ % 

. • — f 

r: ~ 3 

:<+* i i-|- J g 

TTO* * 
ytM ; 

stay * 

,. — 3 

** ] 

vx9 * ^ . * r 
. #--= 

* ~~ / » 

I *i 

5*% ! 

3$* ’ 

I 73 i 

*£S ! 

ima i 

.VC. ; ■•-■ 

».: > 

? 'via • 

*< < - 1-* 

- Af* 


HORIZONS!) A guide to 

career choice 





**Thc City has a reputation as a cosy club 
.for public schoolboys. In reality it is 
highly competitive We compete fero- 
■ ciously against ourselves, against the 
Americans and against everyone else," 
says Andrew May, personnel director of 
the merchant tank, N M Rothschild 
and Sons 

■"A lot of people are out to make their 
reputations. They have the fer- 
. sightedness to realise that they have to 
pull their fingers out to get noticed. The 
. work is strenuous mentally ' and 
physically "• 

Merchant hanks, such as Rothschild’s, 
are reshaping themselves to meet this 
com petition and to cope with the rapid 
changes ’which are transforming the 
- financial world. Barriers between tradi- 
uonal institutions are crumbling, new 
alliances being forged, and big conglom- 
• derates set up, offering a wide range of 
financial services. 

With the so-called big bang next 
October, outsiders will be permitted to 
acquire a 100 per cent stake in stockbro- 
kers -or jobbers. Already a number of 
merchant banks have taken advantage of 
this free-for-all, and RothscfuJcTs are 
establishing a joint-owned international 
operation with stock jobbers. Smith 

There is really no accurate definition 
of a merchant bank, though its clients 
tend to be' governments and institutions 
. rather than individuals. They have no 
network of branches like the clearing' 
banks but operate from their head offices 
(normally ia London) and a few lave 

.Corporate finance Is now 
considered an exciting area 

established branch offices in the main 
provincial dues of the UK. Those with 
international business have strong over- 
seas representation either through over- . 
seas subsidiaries or affiliates or 
representative offices or through corre- 
spondent banks. 

The three main divisions of N.M. 
Rothschild consist of asset management 
corporate finance and banking. On foe 
investment side a young graduate may be 
managing funds on a discretionary basis. 
Alternatively, be may be involved in tire 
provision of advice on a specialist area of 
investment be h currencies, commod- 
ities, property or equities. 

Corporate finance, in the view of 
Andrew May. is the most exciting side. 
This consists of advising on and organiz- 
ing new issues. rights issues, takeovers, 
mergers and acquisitions, divestment 
and so forth. ‘ . 

“We don't wait for clients to come to 
iis and -say, ‘We would like to : do a 
takeover.' We look at our client's 
finances from day to day and whei^we 
see that they are getting a bit cash nch, . 
we say, 'Now is the time to diversify and 
make investments’." 

Rothschild’s are advising British Gas 
bn privatization. Playing with such big 
figures, the work must be absolutely 

on high-pressure 

While there is no 
accurate definition of a 
merchant banker, no 
one disputes it is a highly 
competitive profession. 
Joan Weils looks at the 
requirements necessary 
to succeed in this career 

accurate: the consequences of a mistake 
on the success of the activity and on foe 
reputation of the bank can be crucial. 

Just as exciting — though on a smaller 
scale — because one is helping to create 
something, is foe financing and funding 
of the building of a hydroelectric power 
station, a railway or a copper mine. 

Money has to be raised, too, in the 
banking division, when a corporate 
customer wants to borrow money, 
perhaps to build a factory. In tins 
department, graduates analyse the opera- 
tion, and work out what the bank can 
charge by way of interest, in view of what 
it has to pay to obtain the money. In the 
case of larger loans, possibly to a 
government, for hundreds of mfllinns of 
pounds, the risk is spread between a 
number of banks. 

Handling large amounts of money is a 
stressful occupation at any time, but 
perhaps foe most pressurised area of 
merchant banking is dealing in curren- 
cies (and in Rothschild’s case bullion), hi 
foe autumn of 1985 foe price of gold 
jumped about 20 dollars, when Japanese 
brokers misinterpreted a news flash to 
the effect that Larry Adler was flL They 
thought President Reagan had died. 

For all types of work, merchant banks 
recruit only foe ablest candidates. Some 
two thirds of the hundred or so graduate 
entrants to the sixteen accepting houses 
each year come from Oxbridge, the rest 
from universities such as Bristol, Dur- 
ham, Edinburgh, Exeter, London and 
York. Typically, a school-leaver entrant 

London EC4N5BA. 

101 Cannon Street. 



are looking for a 

We are one of the largest firms of Gity solicitors, with 71 partners and a staff of 
650, and regard the training of the firm’s lawyers as a vital part of our system. We are 
now strengthening onr commitment still further by appointing a full-time Training 
Manager. We need an experienced person to help us develop the new training prog- 
rammes which are demanded by the increasing range and depth of legal and profes- 
sional skills needed by a City lawyer. 

We are looking for someone with teaching experience and a background in law, 
probably a law degree or a professional qualification; ideally the new Manager will 
have experience with a major firm of solicitors. This is a senior and important new pos- 
ition apd its scope depends considerably on the person appointed. The new Manager 
will have a keen awareness of the needs of our lawyers together with initiative and 
organisational ability in promoting and taking part in training sessions. 

The salary and benefits will be attractive, and foil administrative and secretarial 
support will be given. 

If you are interested in this appointment, please send your curriculum vitae to: 

_• , ' Peter Moriey-Jacob, 

Slaughter and May, 35 Basinghall Street, London EC2V 5DB. 

will have two, three or even four A level 
passes, together with five or six 0 levels, 
including mathematics and English. 

But academic excellence is not the 
only criterion. Extra-cumcular adueve- 
mems are very important. Graduates 
should be of an entrepreneurial cast of 
mind, well-motivated, displaying leader- 
ship qualities, and with good sociaJ skills. 
They have io be able to get on well nor 
only wuh foe team with whom they 
work, but also with a wide spectrum of 
diems ranging from a country's finance 
minister to a pension fond trustee who 
may conie from a very humble 

School-leavers can usually expea to 
spend foeir early years in clerical 
positions. Some will later become dealers 
in foreign exchange, bullion or invest- 
ments. Some may travel to an overseas 
branch to fill a number of appointments. 
Others may enter one of foe service 
divisions of the bank. Training is given 
to all new staff and most school-leavers 
study for professional or technical 

Graduate entrants spend about three 
months on an induction programme, 
gaining varied work experience before 
entering a specialist division. Certain 
divisions may subsequently suggest spe- 
cific training. A number of graduates, for 
example, complete the Diploma of 
Corporate Finance course at foe London 
Business School. 

Many graduates will travel, especially 
when an overseas project is being put 
together. Rothschild’s graduate brochure 
refers to seven graduates recruited in the 

Handling large amounts of 
money is a stressful job 

one year. Within three years there was 
one each in Mexico, Melbourne, Hong 
Kong, Port Moresby and Singapore. 

Apart from travel, what else may 
entrants to merchant banking expect? 
Certainly not to work regular office 
hours. When diems warn advice or 
finance, employees have to jump to it In 
arranging a loan or merger, there are 
stria time limits within which to acL In 
corporate finance, in particular, one can 
find oneself working for two or three 
months at foil stretch except for sleeping 
and eating. Social life can be ruined. 

And foe compensations? Excellent 
pay, with starting salaries of £9-£10,000 
for new graduates, and foe chance of 
earning £20,000 a year within three to 
five years, and then of negotiating one’s 
own salary to astronomical heights. Also 
foe usual banking fringe benefits, such as 
cheap loans for house buying, free health 
membership, and profit-sharing 

It is a fast-moving, competitive way of 
life, which attracts many thousands for a 
few hnndred vacancies. Those who stay 
the course thrive on pressure and enjoy a 
tough working environment 
• Further information is available 
from The Accepting Houses Committee, 
Granite House. JO 

University of Wales 

Department of 

Vacancies exist for four permanent 
lecturers in this fast growing Depart- 
ment in the following areas: 



Salary: £8020 - £15700 per annum 

Requests (quoting Ref. D76 - A,B or 
C) for details and application form to 
Staffing Office, UWIST, PO Box 68, 
Cardiff CF1 3XA. 

Closing date: 16 July 1986. 


Department of Management Sciences 


Applications arc invited from candidates i gfowgw f in 
the economics of business organisation and strategy for 
the above appointment which will be died ondcr tbe 
UGCs New Blood criteria. Candidates should 
demonstrate an ability to develop existing work on the 
operation of internal capital markets within companies. 
Tbe person appointed will be part of the Business 
Economics group of staff in tire department and will be 
expected to contribute to teaching in managerial 
economics generaDy and business strategy in particular. 

Commenting salary win be whhin the scale of £8.020 - 
£15.700 jxa (under review). 

Informal enquiries may be made to Professor J F 
Pickering or Dr T A J CockeriU. Department of 
Management Sciences -Teh 061 236 3311 -extns 2186 
and 2255. 

Requests for application /brms and further particulars, 
quoting reference MS/87, should be sent to The 
Registrar. Room B9. UMIST. P O Box 88, Manchester 
M60 1QD. The dosing date is 1 1 July. 1986. 


Chair of Electronic Materials 

Lecturer in Electronic Materials 

AppicaaoM are rated tar the CMr of Btcbunlc Materials 
(financed by fa Ctoonor Corporation) in fog Department of Matanfc 
Englneermg. The person a ppri rte C w» be wptcad to develop 
abtlanW research actnntes and te aching programmes in due 
rrMxnTlorii snth the Oepuuiiant d Qactrad ant Bacbonc Engt- 
nttnng and Hie Ctvonar Corporation. 

The Psunar P ro tera w wB be dostey erao efa to d toft the appoint- 
mem of the New Blood Lecturer In M e cha ni c Mrtarfala n the 
Oapart m ara oUtototeteEntpra a wng fir which appficehon a — Ho 

Eatery of the Chramr Professor wfl be not has mm ClftWO 
par annum and tort oi the New Hood Lectures on the scale £B£2Q • 
Cl 5700 par 

Fwthw pertkatacs nay be oWained tram the Peromol Office. 
lMv*atf)> Cofege of Swansea. Sngtoion Rrefa Swansea. SA2 8PP. 
to todi office they artOuU be rafimed by July U,tlM far the 
Ctemi Chair and by August 4, 1918 far the Lacfesei 


A p pli cations are invited for ths post tenable Gram 
October 1st, 198S from graduates and persons of greater 
experience. Salary range p*c £8,020 • £15,700. Sa- 
pemnation. ■ Partfcmaza and application forms 
(returnable by July 10th) bom the Begntni; Tbe l)m- 
‘y, Manchester M23 9PL. Quote ret 146/B8/T. 

University of London 


The Senate invite applications for foe above Chair, 
which has become vacant on the retirement of Pro- 
fessor J T Scales. The Ohair carries with ft an 
Honorary Consultant Contract with the Bloomsbury 
Health Authority. Applicants should be capable of 
toadra esearch ana furthering established tndusria! 
Snks. The successful candidate wB be expected to 
take up the post In 1987. 

AppBcatkms (11 copies) must be received not later 
than 30 July 1986 by foe Teachers’ Section <TK 
University of London, Mala Street London WC1E 
7 HU, from whom further particulars should tire* 
be obtained. 


Required as soon as possible for a period of 
3 years io lead a Department of Energy and 
European Community supported project 
“Trials of equipment for harvesting, pro- 
cessing, storing and transporting wood for 


Experience with limber harvesting, work 
study or computer simulation modelling an 
advantage. Must be prepared to travel over- 
seas. The applicant should have a PhD or 
equivalent in Forestry. Engineering or re- 
lated discipline. A clean driving licence is 

Salary ££,020 - £12,780 per annum on the 
Range IA Scale or £1 1,790 - £12,780 on the 
Range I) Scale (for Research and Analogous 
Stan) (under review) depending on quali- 
fications and experience. 

Further particulars and application forms 
from foe Personnel Office. The University, 
Regent Walk. Aberdeen AB9 I FX, to whom 
applications (2 copies) should be lodged by 
18 July 1986 (Ref No EL/039). 


Faculty of Economics and Politics 

Assistant Lecturer 

Appbcatlooa we famtcB fat as Aiwfafamt iectnrahip fur ap- 
pomtamon lat October 1980 or a> aooa aa pOM&fc ifaeraaAer. 

1Ta> App u so tm ro to C onwri tt w Intend to mate as appointment 
in tte field of international economic de v elopment. Application* 
wffl be gpociaDy wa le one bom candidatea who fawn mtereata m 
one or more of tte feBowisg fields; (i) economics of k» dwd- 
(*»d cwmUiwt IS) international financial mMtiirioiMt (is) 
Sooth and Sootb-caat Asian economies. 

Tte appointment will be for three years, with tte pcaaibility of 
rappomtnMit far two yean. 

Tte pfeatol sa lar y scale tor Aasiaunt Lecturers fa £&505 to 
£1QJ31S pa 

Fkmter mforawiion may be obtained from lire Secretes? of tte 
Appmatmente Committee far tte Faculty of Economics and 
Politics. Sidcwidi A venae. Cambridge. CB3 9DD, to whom apph- 
catxaoo (ten topical, inefading a curricuhnn vhaa and tte names 
of not more than three referees, abould be feat ao at to reads him 
net tear thus Fritter 25 inly 1986. 


Department of Physics and the 
National Physical Laboratory 

Postdoctoral Fellow 

We invite applied physicists and engineers lo apply for 
a Postdoctoral Fellowship ai the University of Bmiol 
to further the development of a new device for 
measuring microwave fields. The proposed work, 
which won the 1986 National Physical Laboratory 
Metrology Award, would be carried out under the 
supervision of Professor J. F. Nye, FRS; (be person 
appointed would be expected io spend the major pan of 
their time working at lbc_N-P.L on ibis logic. 

The appointment will be for three years, with a salary 
huhe range of £1 1.790 - £15,700 plus Outer London 
Weighting. There would be a possibility that a- 
permanent appointment at the N.P.L. could follow. 

Applications, with curriculum vitae, details of research 
and development experience and names and addresses 
of two referees, should be sent by July 3. 1986 to 
Professor J. F. Nye. H. H. Wills Physics Laboratory. 
Tyndall Avenue. Bristol. BS8 .ITL, who can supply 
further particulars. 

The Queen’s University of Belfast 


School of The Built Environment 

Appficattans are tooted imm suUabty quafiftod c a ndtoatoa tor 
tfw cter of arcMacture avafiaMa Irom 1st of October 1 BBS or 
ewfa otter dots bb may be mranged. Satay w* t» witNn too 
protasaorial r an ge w H hcortn b uttvypBnnton righto under FSSU 
or USS. 

Fiathar particulars nay to obtoinad firan The ftraomal Offi- 
cer. Trio Queen's University of Belfast, BT7 INN, Northern 
Wand. Closing dele; 25th ol July 1986. (Please quote Ref 


The Senate mite appficauora far the above newly estabfahed 
Cta* App ta Uorg (U cepes) ghoUM be 3ite»TWied to Tte Teach- 
ere Sector (TJ. Uwererty of Union. Mafet Street, London WCf 
THU. from wtan hatha parucuiara should fast be obtained. 

The oiosaig date far receipt of appheatans * 30 My 





ApullcaOona are Invited for 
appoin retell as 


concerned primarily with 
Industry liaison, external 
research grants and con- 
tracts. internal research 
support and me commer- 
cial explanation at research 
results. Candidates should 
M suitably qualified and 
Rave had relevant 

Salary win be at an appro- 
priate point oa me 
Administrative Grade HI 
scale: £14.870 - £18.625 
per annum according Io 
QUfdJhcations and experi- 
ence. Appointment win be 
made from as early a dale 
as possible. 

Further particular* may be 
obtained from the Senior 
Assistant Registrar lEstab- 
Ushmenis Section). The 
University of Newcastle 
upon Time. 6 Kensington 
Terrace. Newcastle upon 
Tyne NEI 7RU. with 
whom applic a tions 13 
copiesj. giving the names 
and addresses of three ref- 
erees. should be lodged not 
later than l8Ui July 1986. 





EasdSyoira you tone's success I 

Onr SO O' end 'A* lavs! sublets 

Ppg a ptene Bdsy lor 

FRS Momttao Pack 


I Nan# 

| Meets 


■ 392)14 Ml ted Uto 

■ usi w aifaMsa" 

P Co to 




Decorative paint courses, 
rag rolling, marbeilmg. 
spongeing. dragging. 1 
day and 3 day courses in 
Greenwich, 4 miles from 

Other courses available. 

01 6920961 

1, 2 and 3 TERM COURSES 
"At fmiiifiniir jao fan fa 

LattdMM auras nffar yon moR 
tap «st rateoai amni sku. 
0 u sub hnon gnats » fawn 
■Hum warns) faddwee. i 
m ol cmnwal Ufa. courses 
■ buane a and m au pan a B. auf 
tends -on ipa e tt ei bates 
rent! du g and wtHBOcaseng. 

43 Kvrtagtn 
fJMdao, SW7 4JU. 
Tsfc DM73 7Z8Z/3/4 



STUDENTS male or female - 
age immaterial, tooirenafjtkw 
svttaMe. New term: 2ls July. 
Apply n anting to. 

The Secreuty. SL Wilfred's. 
15 WfapoiB Rrad. BajmemfluA. 
Doras. Ml 4HB. 

P C. Cfaae Tnfaihu 
to w® PC eta mm d wedwp 
DofS mean* Hem Mtonf 
OR in wl jufl iwng ol Wte) 1 PC’ 
fa rated By i vfiwown; mn yi to 
weeura On Suwa* tot «n 
T uoMgr d PC Ceupetcs 

2 (300 Iffttl ol HRWBB U 5B 

3 t*er&jdsio pome umiun isn » 

t AOmdsPC atott«*»renwW 
m io Buv m BUI K XT a 

Sen) to fiw Oenfa to afaCnuw 
Wwr in e CUnheW R Of. Bhc*to 
W Ctmorney. St QU't 0JH 

Contitraed on Beset page 



West Lavingtoo, near Devizes, 
Wiltshire, SN10 4HE 

(190 on .'A* level oouraea) 



special Link wttti 

Layiogion Co mp rehen si ve School. . ; 
Rgqu^Bd far Jarawy 19B7 far Septombar 1988 Jf paesfaie) 

A graduate 

to tucfi wB-motfeatad aMg pu;Aj&'ttd>iWgB_a«faBnoe Mtmr 
dud. The successful wpfcjant wB jetn » we»«ji^p «d end 
flourisffing dapartmatin Site «»«ducsifonif HMC school 

profession Who fas gsrafato goaty jod entl to sia Btn: 

Salary occonfng to sxpsrianca and quafifcsibnr ABOVE 

Further datfafa hoot TM Head Master, to whom jppicatlbie 
(with tv atf tenanted 012 rsferaesjahoiAl ha sent tianadL 
awy TenphonK Uvmgton (0360 8i 244BX • ■ 



from sajaWy qialified and 

the HEADSHIP of tbe Oldhare 
Tbe post wiB become 
*: tbe present Heedmssier 

The Governor* mvite 
experienced persons. 

Hulme Grammar School far 
vacant from foe 1st January. 1 
Mr. D. R. Ward, M-A. (Cauipb) I 
rf Hmctesons' Grammar School, G 

The School a an Independent Day School (bnnerty Dtreo- 
Grant and is in membership of the GiLA. with foe 
Headmaster .in membership of the Headmasters* Conference. 
There xretunemly 812 Boys in the Schools: 120 in foe Junior 
SdrooTand 692 in (be Main School, wjfo 142 u» foe Suob 
Fbmrs. Fnfl details may be found in foe Boys' School Year 
Booh. Fra sfary purposes foe School is Group 10 bm Kkdy to 
be Group 1L pha GdVennrY DrscreoorBiy ADowanee. 

A y y fi ca t mt.ftraa and fimbeT feaiis may be obtained front 
foe Cleric to foe. Governors, Holme Grammar Schools. 
Chamber Road. OKban. -Telephone 061-674-8441 Closing 
<hte 'for. apportion s mended, hhuafly. to be 3isi July. 
1986. but hrriiK 'regard -to tbe Summer -holidays my be 
extended TKyowf that dale. • 




solicitors ■ COMMERCIAL Lawyers m legal 
wide mnew of portions Uiroughooi tile profesdon 
nppeur every Tuesday 




Tbe Council of GfcnBhnond College proposu to appt^nt 
a WanJen to take office m Head in SeptranbeC, 1967, on 
the retirement of the present Worden. It is intended to 
make foe appointiwmt in October, 1988. 

G leaslraoo d » an ILM.C. boirtfog achool far boys aged 
13-18, founded bgr-WJl Hfririmnnp in JSH. 

0J2^ app&atiODS fl ft ill r 

Tk.Sfcrctvy to tte CModL 

GfanahwMd Co8egc, J*mhsWre PH13RY. . 

Afapflcnrionx date oa'^Oth Seotster. 1986. . 




GreenhS House is a spetife&st unit which pre- 
pares boys from overseas tor entrance to 
English Independant Schools through Common 
Entrance or G.C-E. ‘O' Level. Small ddsses - 
average 6 boys. 

We require tor September 1988 a Teacher of 
Chemistry arc) Biology to 'O' Level. Applicants 
must be willing to participate fully in the super- 
visory and sports side of boarding school fife. 
Bachelor accommodation available. 

Applications with c.v. and name of 2 referees 
to: The Principal, Sherborne School Studies 
Centra, GreenMR House, Sherborne, Dorset 
DT9 3HX, 



The OoOege proposes to appoint a tuWJme Bursar 
in e&riy September with duties to commence as soon 
as possfate thereafter. The Bursar Is primarity an 
administrator and manager who works with Heads of 
Departments in lha areas of budgeting and account- 
ing, domestic affairs, maintenance and vacation 
conferences. Salary wffl bg In foe range of £14.500* 
£16,000, departing on age and experience. Older 
applicants wffl be welcomed but special consider- 
ation wffl be given to those between the ages 
Of 30-45. 

Further details are avaflabte from the College Sec- 
retary. Applications Should be received (in tripfcateL 
with the names of three referees, not later than . Fri- 
day. IBth July. Interviews will take place on 4th/5th 
September for sbortfisted candidates. 



person who fas a 
Fitness Education in its 

Croydon YMCA require a P.E. 
thorough grasp of Health 

wider sense. 

Such a person trill jom a lean of YMCA Secretaries who 
are committed to the Association’s Christian Aims and 
Purposes and who are involved in its total life and 

The Health aid Fitness Imwator/Motivafor will assist 
the Assodation to enter a new and exciting phase in the 
development of its Spoils and Fitness Programmes. 

Croydon YMCA already provides a wide range of top 
duality faciRies for the physical well being of its 3.000 
members- Squash Courts, Sports Hall, Swimming Pool, 
and the best eqiipped Weight Training Studio in the 


Tte General Secretary 
Croydon YMCA 
1 L&nsdowne Road 

Croydon CR0 2BX 

(01) 081-3381 


Full and Part-time 

Vacancies exist for September 1986 
in ai! subjects in Boys' Upper School 
(1 1yrs-15yrs, subsequently 18yrs), 
Boys* Lower School (especially Infant 
teachers) and Girls' Lower School 
(Infants and Juniors) of the rapidly 
expanding King Fahad Academy. 
(Independent Day School). Burnham 
Scale 1 + 15% + Inner London 

For further details and application 
form from Acting Headteacher of 
appropriate school, ■' King Fahad 
Academy., Bromyard Avenue, 
Acton, London, W3 7HD. 

Telephone: 01-743 0131 




App S c ation s are invited from Rue Art graduates tor 
tin above post from September 1988. TT» post is 
tsnaote tor one ye» in the first mstanee wit the poa- 
sfof&y of extension to two years, 

Further detafis from me Headmaster. Omtfle School. 
OundJe, Peterborough P& 4EN to whom apBcations 
should be made. 


frfBAOO + p*. 

Drew iwfaoa pw TO* (» UR 
OOHm 3W ran 4 years wcs 
^ 9 WBnffice Loqq tem coerraas 
wwwawgt Ptoe sera »ofag 
O B TTfi 

ItoCItoBM MHMwvl lu, 

&faa «n. Ohm Khm 
L tofa IA1 ZM* 

Tfafc 0E32 4f«2N 
AJt Ma. Cantowg 

Nursery School 

m Kenanpton requires a 
Qualified teacher monungs 
only from September. 


Please write with CV to 
BaxNrc A2Q. ‘ 

AMOtMtSKaOM 9CS30 Io tract] 
Enolivh V> Eunmn rniMiwn 
during jui, and Augm . Mu, 
POM, T« Mr*. Johnson 
0021X5 HU 



•Mi 1 a / rcihh 0 .H 1 mmm tstablishmeni 
Native French teachers high quality courses 

in French Language 

starting 30th June Immediate Application 

» Bilingual Secretarial College 

> Evening University degree m French states 


, 1< Cnmel Race, Undo. 5*7 2JB 

SCI Tel: 01-589 6211. W 42 

Irk 01-581 2701, Ext 21 


Individually planned tuition for GCE at 0 1 A level 

One and two-year cranes and one-term intensive 
re-take revision. 

Write to The Principal it 3 Biwfcade, Cambridge 

CB2 UE, or tdcntamw *223 6463S. 


Ttoe demand far the rained men or woman ctwofxxSst in the 
prirofo sector is increasing. Most of the raimng necessary to 
quality for a dokma in c nm apody may be taken at homo by wary 
specialised correspondence toesom followed Oy ft* fifadkoi 
hvmmg. You are trotted to write tor the free booklet tram 
The school of SwjjtcaJ Cfcfcopody 
The SUAE Institute (urta M tet ma ISIS) 

The New KaR (Dept. TT1) 

Beth Road, Maidenhead. Berfca. SL6 4LA 
Taft (0828) 21100 (24 hoi and (0828) 32MS 



PROSPECTUS; . »mi i «i 


OXFORD OM2UJ ""rnoiii 
tel:o*ss7iw» Turoreai 


•3 TKRW AMO 1 Tim 

MEMBER OF QFE (Conterroce tor iin top cn d T rt Rather Education) 


1987 - 88 

Postgraduate Awards in 
Commonwealth Countries 


Commonwealth Scholarships are offe re d annually 
for postgraduate study (coursework or research) in 
Commonwealth Countries, providing return feres, 
fees, maintenance and other allowances. Normally 
tenable for one to three years, these scholarships 
are intended for postgraduate (but not postdoc- 
toral) courses or research at a university in the 
co un t ry of study. 

Generally candidates must be under 35 yean of 

age - in some cases preference will be given to 
those under 28 - and United Kingdom citizens (or 

those under 28 - and United Kingdom citizens (or 
other commonwealth citizens or British protected 
persona) and permanently resident in the United 
Kingdom. As a minimum qualification, they 
should hold or expect next June to obtain a first 
or upper second class honours degree. 

Application forms will not be sent to inquirers 
after October 24 1986: Com ple ted application 
forms must be returned to arrive not later than 
October 31 1986. (approximately one year before 
the award would commence - eighteen month* in 
the case of Australia and New Zealand). Inquirers 
should specify their academic q u ali fic a tions , citi- 
zenship and the countries in which they are 

For further information, pfoase contact The Joint 
Secretary. Commonwealth Scholarship Comm- 
ission (Overseas Awards). Association of 
Commonwealth Universities, 36 Gordon Square, 
London WClH OPF. 




Appfcatkxw are invited from Chemists or Physicists for a 
three year Research Fellowship which has been estab- 
Sshed by UnBever Research in encourage excellence in 
Chemical Physics. Candidates should not be older than 
twenty seven at the time of their election. There is no 
restriction as to number of years of research experience, 
and applications are encouraged from pre-doctoral as 
well as post-doctoral candidates. The Fellow sh i p may be 
taken up at any time in 1987 before October 1st. 

A Research Ftftow. whether mar ried or single, is provided 
with College accommodation. The stipend wil be at the 
a ppropriat e point on the national lecturer's scale currently 
CS495 at aged 27. Research Fellows may teach for up to 
sn hours a week for the College, and some reimburse- 
ment of research expenses wfl be allowed. 

Further details of the FeRowship and a ppH cei r m form s 
may be obtained from the Tutor for Advanced Students. 
Corpus Christi Cortege. Cambridge CB2 1RH. Completed 
application forms together with a 1000 word sta tement 
outlining the appScam's present and proposed research 
must be received by October 1 1th 1986. Selected candi- 
dates wffl be asked to submit written work by No v em b er 
8th 1986 which need not be in its final form but must 
provide evidence of outstanding onge ia itv and promise. 



The college proposes, if candidates of sufficient merit 
present themselves, to deci to two or three Junior 
Reseadi Frilowjbips and 10 two or three Senior Schol- 
arships in 1987. These awards are open to both men 
and women. Candidates for Junior Research Fellow- 
ships must be under the age of 27. and candidates for 
Senior Scholarships must be under the age of 25. on 1 
October 1987. 

Details of the swards and of the method of applying for 
them may be obtained from the Wanton's secretary. 
Merton College. Oxford. OX) 4JD. The closing dale for 
applications re FRIDAY 17 OCTOBER 1986. 

Prep & Public Schools 


Apperfey Bridge. Bradford, BD10 ONR 
There are a few vacancies for direct entry to the 


for boys and girts as boarders or day pupils. 19 
*A‘ level subjects available for study, including 
Economics and Business Studies. All Sixth 
formers are expected to take Computer Studies. 
Scholarships and a possible Assisted Place avail- 
able for very welt qualified candidates. 

Music Awards given to good instrumentalists. 
Apply direct to foe Headmaster's Secretary, 
Rawdon 502477. 




hr a (WOT mfassMUl 

uiwMb teih lwlMME 
raachdM BEST daosoas horn ttte 
nan ru n dr ag s m b — te d— 

„ _ ^ SOSoMStirPhHWI 

• • • BU3&HS2{Z4M 

Marsh & Parsons 


Meaty dreaded art catpeM 66 floor flat n portend Hock w»i 
exceptional mews of the garters of Cariogm Race from a tegs 
double reception room, modem ktehen. 2 beds. (Ala aid tain), 
angle storage, bathroom as show room Sep cJoata/WC 
Avaifebfo to companes fv long Mb 8 £600 pa (5nd CH/CHW) 

Erics Stgnmber. Janusy » d 
April Plane arts or Waptane lor 

18 Ouurewfl Street 
park Lane, Loudon tiW 3FE 
Tot 01-629 2904 

01-730 8748 

E Plaza Estates 

H«mEU SS. lowly Wy 

area dose Head) 4 bate jr. 2 

recto, tat all mdvMii, 2 W. 
uc. Qrin. £300. 
taeHMMD. MW tin Ice. 4 
Prime. 2 bam. 2 reap, Kafr. 
W fil Ml g&. 2Z7S. 
hum. New develop den 
tube. 2 Ate bedims, recep.ii 4 
b. pkp. gin s. £155 
naSnsHOBE. bm apt 2 
Menu. reap, rice lot & hath, 
oaf. steer value. £170. 

ST. 6EQ8GEI Fans M2 
A Urge Mbmai oM red 2 Pri- 
me Us watt* wtt roof 
HrxK a Ote mcb&bh motion 
te riopw nL from fl 50-5350 pv. 

01-499 S334 


SWtl Dooms Rat 2 M 
fheri MB+eraeo nre. 
no Mur ok «x 

ftee «w 2 Bed Recap 
B8 £250 . . 

Sm Oran 

ftxftet 2 fed.- 







The f tiling A-ifiit 

— — tb ; 

■Alt A- 


'fAM/k? •: JSj j 


01-629 6604, 



Fabulous 3 bedrooraedMpt- 
sawna on 2 toon wfeh omi 
entrance & L streped reoap- 
don. m baths. American 
kHctren. Baicom 'flat wMh. 
root patio. Avadabte now. 

root patio. Avadable now. 

£375 P». Lana Ft*- 

nUMV UnfcreMwcL - 





INTERNATIONAL private non 
traditional L.nhtcreuy dler, 
drerm to nwMarcw adults 
oi«r ZS. entirety n home ana 
mlh lull credits lor Ufe. career 
expeneoce Prpsneetos from 
Dept. T. Nell QBMn St Co . Sud- 
bury. Suffolk. CO lO 6EO. 

ST. conmcs OsUepe. Loodoo. 
SecreutfMl. Buunesa and Lan- 
piMve COur*«. Word Processor 
Training. English lor Overseas 
Students. Resident and Day mu- 
dente The Repeuar «T1i. 2 
ArkvrrtgM Road. London NWS 
PAD. Tel. QI-43S 9851 

The Propcrtv Managers 
0 1-221 SS3S 



For the brat 


In prime London anas. 

Confer flu— uw i j r tor p ltiwr 

01-244 7353 


bvm hms iteiSJte 


He. 2 aop4 H. £1.000 re*. 

Kris, to ft pari £8» P» 

mtr srm o»*bWi W 
at tot Mh 2 bare, m amp. k* * 

£500 pe. 

01-984 3388 . . 



Oose C8y and Wist End. 2 
hedrooms. 2 recaption 
maisonette, suit coapla/ 
tantily. £2£0D pa. F rid F 
£6500 ora. 

| hi. I’rriLHTJ • M 
<H -22 5 SS>. 

Mr Let 81 487 6696. 


KUUMTUN WS Wrtoo Iwdy 
home w*h panjen. 2 Recaps. « 
Beds. KiL 2 Baths- Utility Rra 
£AOOOW* SeW contained not 
also avaB. Cootes 828 8281. 

■ euwTii e PK.SW&. aupere 2 
bdrm PooUwwe to Unt security 
traundi. Every mod com 
B pool. wono. asdn. AvpH not* 
"C200 ow: Ol 997 4791 ITX 

have quality properties Pi aU 
areas to let 6S 7 0821 . 

hsn House wut, 2 Beds. Reoep. 
MB. Avan New (Or 2 months. 
£17Spw. Birch A Co 734 7432. 

Prep fcf 

SW1 HOUSE. 4 beds. 2 Keeps, kk 
and 2 bouts. £300 pw. Co let. 
Pods Galore Ol 828 3031. 

LAWSOM A mdunam DMomsbi 
A weciB w s ixpenUy sock, 
quamy prooentes In aU- centrte 
. Weal London areas. For acten-- 
lion please rtna 01-938 3426. 

r.W. aATP (Management Ser- 
vices) Ltd require reoperMcs » 
cetirror sown ana west London 
areas for watting appUcantsDi 
221 8838. 

3 IDS BOOTH ite preiaawira- 
/urnMtoM. - Jteode mate 
auidiim manSioP Q4L 2 HOP 

Baths. KAtern* re 

sopern tMwrehoAj SASO 

dw tad Aylestord & On 381 

sr gown so sm Newi y 

decorated studio flat with care- 
later 4 an £too pw inc 
Dealing. 977 6949 or 821 7817 

FUJIMI Nr Breen Park. 1st 
floor 1 bed lla». Quiet sunny n- 
Uprorated with tree parking or 

shops. Long letnrom I4ih July 
ciio pw. 01-731 8604 today. 

SWl. 2 R. K and B. £1Q0 pw. Co 
let Pads Galore Ol 828 3031. 

■ Which School f 

■ for your child? I 

Out eipert counsdRng ernes 
e*oy aspect of eduotira, fen 
pnpanhh; to finiaM&g 
schools, frora fmance la 

art e-el innei peyf hrdflgtde 

We rotrael parent on a 
personal bans - nor advice is 
(ice and objective. 

KWl bn mar studio IteL dose Re- 
pents Parli. 2 mb« TUhejUcps. 
C9GPW lac. Ol 267 2220 eves 
P— .nrt). NT robe. 3 bed mats. 
Recen nu. KM. blrit rm. 2 

boon. Avail now. Long co. let. 
£200 pw. Td: 0206 874883. 

lenl 2 Bed Oa t In p .b. btack. 
Rrcrp. K3B. £300pw. Allen 
Bales A CO. 499 1668. 

cMtdim pets welcome, pbooe. 
recuL £iOO pw others. 627 
2610 Htxneioeaiors. - 

SOUTH LONDON house. 3 
Qedrrm. children ok. phone, 
w maeft. E116 jrw. Others too 
6272610 1 tei n d o cmm T ttsys. 

BWS. New tux 2 ted IteL suite 3. 
comm gun. pool etc. £228 pw 

inc Gas . Oc. Go 1st or prof utr- 
von won refs. 01-840 2800. 

9*7 S6B1 me manner io remem- 
ber when srerinp best rental 
‘ properties m central and prune 
London uw £1607£2.000pw. 

A Co have a selection of rials 
aval labte (or holiday M Iran 
£260pw 099 1665. 

ANGEL Nl luxunt IteL Dbte bed- 
room. sitting room. KAB. Col 
tv Ail modem aPMiances A 
cleaner One City- £120 pw 
tnd of ad MBs. 384 2886. 

EALBfG WS serviced tatrtramr 
flat 2 mtroi Plccadflly tinc Sto - 
• dio room. Mt- Mh. w.c. CPO 
phone. Perfect for Mnlr 
£SB p w. Inc. TefcOl 998 727T 

not. 3 beds. 2 Term, mrim 
and2 batnsii mww.9»v» 
Chw. AD appuanm. Long let 
p ref. CSSOpw Td CM -629 
. «102. tU. 

Wit 3U TaBWRt 91-727 
1242 TBBL 261141 

currenUy seeking good quality 
rental accommo d ation in 
central London for watting 
company tenants 01-937 9681. 

R EGENTS PARK. 1 bedroom Bat 
overlooking garden- £80 pw. 
01-085 148a 

ROWLAND CDRS Attract qvdet 1 
bed flat. CH lad. £160 pw. 
Hcycock 384 6863. 

mm m 

■Ql 1 MW PANK. Lux 2 be d pb 
dal. ftecePb k A 6- £280-pw. 
WMtroftn Porter OX 994 9446. 

nufterm ut a s m a n 

Canoqtenr. potto. 6/12 moa 
let £170 pw tnd 369 7388- 
KPCT1 W8 T ON nut 4Me bed fUL 
- onnet St dow tube -ABanteus 
£130 pw let Ol SH> 7573 eve* 
KBCWWTON Wll.Oean studio 
tut- Oentraf hoatinp. £80 pw 
tnd. Contact: 221 3219 
KIN WS. Fum hse.'gctiv 3 *4 bed. 
2 imn. 1 ba2i..i Mower. Oo 
IH £360 pw. Tel: Ol 9376126. 
NNOSNDOPP AnOouarttin. Uw 
oaM 1 bed OaL Uft.porter. 
. £190 pw. Heycock 684 6863. 
MANCHESTER ST Litfk large 
. -gwden stutpo nr Oxford Sl 
£ 130 pw Heyeock 684 6863. 

t p i toff t k ' M 

kids pets ok. £100 pw. Others 
627 2610 HometocaiDn T days. 

MAVrARr STUDIO Phone handy 
tuba. CIIO pw. Otnen 627 
3610 Hometocaton 7 days- 
MORRAWf WALK .'Maimtf Kent 
Ttvar.vlew. lux 2 bed im. £226 
pw. Finch's 736 8806. 






Tel: (0732) 885437 



Mhrimmn five years experience in Gen. 'Ledger, 
Invoicing. Receivables, Management and Financial 
Information, Budgets, Detailed Cadi Flow Fore-, 
casting. Personnel, etc— 

ASSISTANT accountants 

with minimum three yeais experience, as above. . 
- All with computer experience. - 



Prisonad Dept, Tj "k.i tjh 
C arrier Home, 4th Floor, 

1-9 Warwick Row, Londoa, SW1E 5ER. 

£6^0+ Wart Procassfng 
£SfiO+ Shorthand & Audio 100/60 

for ro lgwK i ts to SWl « wi. 

(Rea Con.) 

young part onw non to here at 
Bolls and Pm ate tunctlm at 
wrctcrads hi July- Exjwrtepw 
not naotittal Ring t.udnda on 
01-720 0904 - 


FRENCH TUmOM by rrracti per- 
son lor bt u ditesu ua n. SW3. 
Rrpty to BOX J79 

Secretaries nUb am wort pracessng Bnienwre Jom our team of 
fire flQhtmg stpporl sta« anti nw tf» ogoortuntiy to tiaR on Ore 
West iKtmriogr. Benefit town cstttnuoos assaguments to VictOftaor 
the Qrt». 

£S25po + tints setienv. Car Ft«ic» Plena 





A new unique service to 
our readers and advertisers. 


HECW MOW! Excitingly bmv 
with WPS H. audio and ropy 
bootung, in Itir Mrdto. CurmH 
A1 fairs. Busbies world and 
hotrCo rm pemaL TOP Rates 
Coieu Canlcn Bureau. IIO 
Fleet Sl. ECO 383 T696. 

Background, a positive petron- 
atny and SOe? Coro aUar>» 

top calibre PA Socreury. Au- 
dio 4 up experience ideal lor 
tmsvetv herUri uurrcstipg /*r 
sent uk nl Top rates u uurred 
lotmon iRk Com i Ol 493 


Btxh posttare cany tng stores 
ari offar exx&ess 

Chm Hn. MddtM Jmvm 
Ambt 61-CI 2KX 

DEMON CO. W« End mtoPA. 
Secretary i ivo SH i kd Wang 
rwnmrr Super boofcmg. Too 
ran. Wimtreq Jonmai i Dec 
COMI Ol 493 3006. 

PA secretary with WP rotn- 
tore Exnifno bopiuDg. Top 
Rales Winifred totnnon >ftec 
Coral 01 493 3005 

HELP] I need a good temporary 
srrrrtarv tor my htgginr sti 
ent in W I. h there a paragon 
out mere with too to Who 
woud acliHBIy hhc to go to 
work today? Rmg Has iJFL 47 
. New Band St_ wi 01493 


Background, pmtth? personal 
Uy and 34*7 Ctioudunti 
needed for 2-Z months rood art 
with a view to perm a nen t for 
our expa ndin g xmuu did 
V*p consuRanclea plaCHto ***0 
hi maupM Mbs. CI3.000+* 
Ntiagr. Cali Lvn Cecil of Sec- 
retaries PUB on 439-7001 
seeks temp see (or o nuns Long 
firs. Aoe 25-40. t7 ob. Trl 01 
248 6049. 

Design. Fashion. AtiverDvmq 
and CateiteRtihent world. Top 
rotes tor too skirts. Handle Re- 
mtaUnem CotnuUants 01493 

MM 8320 * si ioi iti ami eitee ut he 
yohitv for a well I ron 
Wrd Em company Call S7T 
3b«6 WordPlus The WP 

LEGA L AU —P/ su'd oiks WPOP 
Start now conttani work to 
£23 O sseetiy Ring Lmda on 
63? 5277 Thu stem Ptim 


LONC-THIM WP ser 180 30) 
ter Cbefcca' Marketing Co. 
t® 95 th Trl Man- Banaius 
RrcTtdUnrni Ol 73q 6772. 


tin nation tor preauaUtication. 
Whereas- major leltirbuhroent of. 
Albert Haa Mamora - a nwnuon 
corrote* 0( ftv* MOCKS in 
KoMMsbrMgr. KetnNigloo - has 
been dradnl upon. Soeotlcatioro 
lor wmm »mn be maaaue to an 
parties who have preoualHted 
and against paymewt io the Man- 
agement campaw within me 
earty pan of July 1986. wnereaa 
I tine w« be put oot in tender 
hhMh Jofv 1980. Major Contrac- 
tors of toqbest standing who may 
woh to preqtuhfv lor paruetpa- 
uon id vam lender arc Uvitrd to 
ogiifv -Jonathan Duns A ao o i a Nti 
as Amu lens of Manarement 
Conipartv. aft ihdr offices - 3. 
dosiand Plato. 3. TSMrtdge 
Road. LONDON SW11 Tet 01- 
228 6648. not not later put 12 
noon Friday 27th June 1986. No 
partinaauoa In Jtdv leader wtil 
dc allowed unless preqtulti moon 
has been a ccepted an above intti- 
rated Parlies *rahn»g to quaftiy 
shooM vubiMt the fooowmg lofor- 
(nation and nocarotntmsn 
ssnitHP abase sttsutated 

ai Ootuoienls presenting Con 
trading company -and Cootrod 

bi UP qf 4 ContracB Invotvlng 
rerurbejupent worm m Central 
London ii-mtily ramro M. 
r i 8—ro . Tratie ana Bank 

AroegUnre for preqnaufiraacra 
b 4i me sore dtsmUost of Atom 
Hah Manaon* Management Ud. 




DUTUIR/VAIJCr for ceoual Lon- 
don. Sasic cooking sUttfc 
mnM. To work tor ow ito 
d«i« couple, bvotn or hve local 
Io aave woi er Doties include 
serving aiidbto. gene r at horde 
keeping. Fun ontiorm stan end 
Septntibto. Apply m-mftDng 
with itftrmtos to' BOX J96 

for the 

placement of advertising. 



autnd to work in DtssseMbif. 
oermaoy DiptomaUc femtty 
Salary (Mnunum- ClOO per 
week. Ring Jeeves Agency on 
884 4047 

„ ^q^new service for aU clashed advertisers &i 

Tbe Times andSunday Times— anditcosts no extra. -. 

T 5 bodcTom; advertisement phone 01 — 481 4000 . 


VOtSAmt, re s po ns ible, mature 
coupte. seek shualten together 
Curtail country bins, do de- 
pendants Husband do M farm 
manager, wvoeptn ouunra ana 
adWNBstranvcwreessepc y wife 
very experienced ta an animal 
carr -«mt horsro. Bout octhr 
and vilaL AHe Id turn hand to 
anylhimi. UxntiiM drtveri 
incl H.CXV Nef afraid of. Me 
UMHuoi. T»1 0536 790106- 



ih \ 

9 $\ 


Law Report June 23 1986 



AH rtstticd wtvertBcnmis 

tewsepM by tdrpfcoee 
(cuxpi Announccmcnitl Hie. 
*a*ae w MSpnit 2 dap prior! 
wpiiJfccauooffcinOpni mm. 
**Y fcr Wedoodap. StawW 
yM wish toicadanadverttK- 
b«m » wtenj plewe meWkr 

yw dny hme pho ne mt mbcf. 
a»ro«ra aswices w- 

™5*HT- If jw fare say 
ipwie* or prabianf itistiag to 
yoor advenuttoctit once fTfai 
appealed, pfeue causa oar 
Customer Services Department 
ty Kfeffanc m ftt-m 4100. 




other mmuitUifc amy 

*»«■«* trim - vtew ' w 
whale qunb 
tenter tou r name n t*- if 
you wouw like i* be mcmoea 



PtCBOHOr HU-73* 4277) wttb to 

■""ounce the con w penconqa 

« ttMr Summer Sole o! oumlsjj 

meraiaodiM to indbde iofe off 

"w tt «» * Kenw wHh futnur 

rMueuoiw on aetedea Items. 
FA from John. Need to sneak. 

PUase r fa* 0632 864191 he- 

t^en QMaju. and Sf» pjn, 

M Friday. 27 ib June. 


MU MJLIl Kane a wonderfully 
manwious Mihdu, da«m 
4., O ocUn of Love «Sty. “ nD °- 

ft * Ciimpkeiiaa A a 

MmftU year - with tore. &s. 


bough! to sate. Dnt once* note. 
01-582 9»4 or 01487 1095 
*"r vmmnjEooH tic ke ts 
wanted for urge menage com- 
pany oi os? oora. 
WlMll.rj.lllH - leg mem lor cen* 
Ire court WWtt Ring Ol «S4 

wnwti rnmt tkkrs ««m 

plus (MariurNUUH.dyndr- 
' bourne Smt pnrmXTi aasoasr 
Too onmmhf. COO or collect 
Ol 7054989 t (XM 590923 
ED Beit prices paid centre 
court or cou rt 1 . 01-7 37 3552 

wwnn mon tctoets whih 1 

W* Csttrrt. Ol 960 0536. Mar- 
pan T Wtek. Dthem, 
WIMBLEDON ah tickets wanted, 
mi lor mate. Best once* mu 
01-950 4fiSA. 



uptMOOl* bnl ipiiij honotti 
Tet^TOSS 045176 OT 0636 



Sopnmica tea rainwear in nttns 
and MM. irayo waterproof. 
SUWlNTHlr now an. Write la 
Aomsaae uO. »0 Weimar SC. 
. London swi& 


■ ■Mil 

Bond St- Wl. 01-629 9634. 



We repafr all makes 
of TVs and videos. 
30 years. 

V & T Services 

01-720 7581 

"'-46100 ■ : 

tr U Hy 

.«! IK 


BREAKAWAY. London * Out, far 

jh proTestori*! imanatclwd people 

T 300 events mouth. 

iy. 24 hr Info tape. 997 7994. 

■KART to HEART. Today* way 

of mealing. ConfWnlfal trnro- 

ductlons throughout UK for 

OomaniaMhip. Friendship. 
Marriage. Heart Id Heart. 32 
London Rd Twickenham. 
Middx 01892 2061. 

Or atafr or maonwn. Any lo- 

cation. t« 0734 872722. 
FMSMMMP. Love or Marriage. 

AD age*. areas. Dateline. Own 

fQI 6 i 9ST Abingdon Road. Loo- 

don W 8 . Tab 01-938 toil. 
CALIBRE CVS Lid prefeMonte 

curriculum ettae documents. 

Derail*. 01-680 2989. ' 
CAPITA!- - CVa prepare high 
duality curriculum uttara. 01 - 
607 790& 

CONVEYANCWB by fufly ouaH- 

IM rqttclton tec mortgage for 

020 + VAT and standard dfe 

burcements. Tel 0244 5193ML 

FRENCH TUmON Sea Part nine. 



US lawyer 17 BUMfOde 

London Ml .01 486 0613. 


US lawyer 1 ? Bubhroda St. 

London Wt 01 486 0013. 




iirni.} nawaa. 


bNiiipopor ter 2 months' DUr 
Summer. ORared to a Udy. hdl 
hoard nmm caravan! pM Dock- 
et money for uaw upi 
household do Maa ; and . help 

nun .eppMttadOm. n - 940 
7782 daytime. - ; 

AUTHOR WANTS typist wfm f*. 
untie* to trsnsalte naoei from 
Hrwten Packard pammafoom- 
nutor 3 1.2 inch disc. Bing Ol 
72 2 7676 iday) .- v . 

urgently reguhga ticket* for 
Sunday 13th Jidy-JMcascRepty 
M> BOX J 88 . 


, Desks. BookcMUlc&Pre. 1940 

1 fumirorc. Tel: 01 -586 0148 or 
01-22B 2716 0*V or HUM. 
Willi 1TM» Me p a raph tol 

pay up prices tar centre coin 

seats. Phone RoMn RWUnBon 

an 01 836 263a 
SALE .Any nay. Court 1 or 
Centre. Ol -439 0300. All mator 



i. r-.T 


MASON IC RECUU-1A a n d another 

rttaud H em * lequtrnL Ol 229 



Wfdon. Top prices. Phone us 

last. 021 6616/828 0406. 

wanted. Centre*. No IX. tot 
prices paML 01^839 6233. 

bough!. Top prices paid, we col- 
lea. COO. Ol 701 8283. 



[ "together we can beat it. 

We fund over one ihird of 

I all research tmo the preven- 
tion and cure of cancer in 
cheUK. - . . 

H dp us by sending adona- 




1 2 Cl r It on Houv-lenace. 
{DrptTTZSJft London SWIY « 


MAandm Cortagtei Ties, do- 


4m *Me Hesaan tacktu 
car sq yd + VAI IMbdo sacks 
a st 

207 Ha e ora to ck HS 
Hwmprtwd NW3 
Tel: 01-794 0139 

FlM SNNMStQM uino 



eompPM spacious dMe DM flat. 
WeircipL ter aim. txuh. dose 

lOsWMn. C140pw Td:OI47t 

; HOLIDAY FLAT* Vn London from 
U1S pw TrL 01-602 1003 

Outstanding tuny 
romped 5 doutoe hedroomed 
house. £S2fi pw. 01 736 1836. 

central London from C32& pw. 
Ring Town Mar Am 373 3433 


4 SAVE ££Ts 
IJURTi sf seats 
mm be sou 







p*cwe * cmmoa 
FM EAST • IB east 
AMU - umu 
IB* - UEA • USI 





Landlord’s failure to act is no crime 



Wb ob atays supply i 
Vila, am at (fee tost a 


mw prebaMy tta few! stfecta* 
n m M bWhtrimi, on Gorfo. 
CWfc Pa»K Mdbvb. Sort! ol 
FfMci, Uy • ob Ea beach or Mm 
' Mhwsiiafcl. Mm a cook. 
<7 Bom Sr my mxsaktxo 
fto sarprisnAf moactiL 

8 w a m 


43 MNNM 
UNha fWlffR 
BT4B1 Ml / (HN 1 
ne* M IB bn 
sanke) UTA A70Z. | 



FARO 2f iau Oi 

GEMMA 27 Joat £79 



ama a Jw na 

CORFU 23 Jaao £79 

HAPtES 29 Am L99 


LRBON 30 Jaae c» u 

TO. AW 24 Jm £129 pr 





You'd nod n hard to mu our 
sen lee. prices, and nmowt 
Mrv wtm option lo pwcham 
plan from only £16 pm 


Albany Street NW 1 . 

01.936 8682 
Artillery Place. SE38 
61864 4517 

[ CLAPMAM. nr iransnon. i pen. 
read, s e studio appt_ 1 bed. 
tiling Ml own- Phone, in attrac- 
tive pmod hse. OSOpcm. Ol 
736 0173 wk, 627 3089 home 

•SWT small wronMam bedstl. 
own phone, dose Ciouoran- 
Rd tube. £266 pan. Tel: 01 
375 1915 

- I71h 

and 18th Century rota am 
- reproduction furniture, desr- 
ance now on. NetUebed. Omm 
•0491)641116. fteodtng 107341 
591 731 . Bournemouth 10202 ) 
293680. Berkeley. Ohnt 10463) 
810952.' TMuham Devon 
1039287) 7443. 

LI lie* avail. Hand bound ready 
for presemauon Mm 

“Sunday*-. £12-50. RamaUbcr 
When. 01-688 6323. 

Starlight Cxp. Chess. Las Mis. 
Ail theatre and spam. 

TM: 821 -661 6/828045®- 
A.EX / visa / Diners. 

__ TICKETS. For 
Sale Proceed* Short* Aid. No 
Ik Two June 26. Two Z7 Ul 
H tobot Offers. T«. Karen Nich- 
ols. Boons AML 01-261 0620 

Ml*. OOP shows. Wham. Qocen 
and Rod Stewart bought and 
SOM. 01 S3! 26 60. 

HRIHOAY DUE T Give someone 
an original Times Newspaper 
dated the very day they were 
born. £15LS0. 0492-31303. - 

WimMeHon ihrKril t«U* 1 L sold 
or . exchanged. 'Tel: 01-791 

CCATFINDERS Any event Inc Vts 
Mb. Cbveni Odn. SUBUgM Exp. 
WtmMedon. CtymiabOonw. 01 - 
828 1678. Major moil cams. 

. CATS, stanwu 

Exp. Chess. Les ml All theatre 
and wxwi- To 631 3719. 6S7 
1716.. An major c redit cards. 

dles semis, pair ladles Onals. 
Sensible offers. Tek 039237 
3408 after 6 pm- 

eork vUteroyAtBoch ele.We beat 
any price aks 0932 784128. 

TKKin For Sato. Monday. 
June 3O0t. Offers. 989 4262 

rewere N senreL tww. 
etc. Oi you blip d»aper7B6 
S Ltd. Ol 229 1947/8468. - 

TELEX LT.C. 3000 Perteclor- i 
Com iasoo. twraie ersa- 
VOC..01 27B6t27: • - j 

Best mu MigU/NM. 01-778 
9373 anytime.- ■ - 

WHAM. QUEEN, wimbteftak.aii, 
theatre* and all SoM Ool erint* 
Ring Ol 701 8203.- 

ote room in bmtiy house, own 
cooumi facuiie* Mus tv. Rent 
reoarco to ooty £20 pw ano in 
exchange tor paoysutsng and 
cron mg Ol 874 3175 
CL AP HAM MSBME. July 5 Aug 
only. F lor o r in aptetoa* lux 
meto.convem«ni tocBUaa.£i 66 
pan me. Tol oi 383 0106 er 
01 226 1631ievrvL 
mins rube, all faeunteL own 
double room, patio. CHtOI pw 
Inc. bill*. Ring Mark Ol 493 
6299 (Ol 01 937 6696 (HX 
NOTT 1 N 0 ALL CUTE own room 
In spacious matsonette wim par- 
den. protescfonal M.-F to share 
with 1 Mber. £66 pw excftnlve 
TH 229 0130 Eve*. 

PIMUC O tWL O K to beautiful 
luxury flaL PrafF lo share with 
' prof M- 5 mma TuOe. Ape 
20/30. £60 pw MO bins. Tel: 
Set 928 9292 exi 3184 day. 
QUIET, CULTURED lady lawyer 
(35+) working We sh a uiater 
seeks reasonable accommoda- 
tion from ui July. Reply fo 
BO X J93. 

I SWS Female nonsmofccr to share 
comfortable 2 Or flat wUh 2 
tony professtooMs own dbla 
room and as tariUdea £B 6 pw 
Tel: 01 682 9698 

1 CLAPHAM STM Happy outcome 
prof m.'I. 28+. o/r in . " __ 
ho nr tube. £146 pcra.efKi. Oi 
676 1268 between & a 7. 

! CLAPHAM CO MMON 3rd proL P. 
n/a. 2 S+. O/R One) in pleacaM 
her. gdn. cl tv. elc £166 PCM 
Ol 788 1447 

! FLATMATES Selective Sharing. 
Wan eatff> IMroduaory sendee. 
PHe Iri forapph 01-509 6491. 
313 Brompun Read- SW3 
FULHAM Prof M/F. 22-27 yn. 
N/S. O R-.lfl mixed house, nr 
tube. £62.00 per week axa. Tel 
Ol 381 3906 (after 6.00 IMIU. 


l w2SJ Wr M ^ 

WOO 5230 1TP* 

Cm cm izm 


JUm Um Trawf Ltd 


LNt t 

Pror lo shore sunny nal in leafy 
■Mb. Own room. £160 pan. 
TeL- 01 609 9676 day 
PRIVATE Garden Square wMtidf. 
reel access. Luxury spaoou* 2 
bed RaLo/r. n,'*. w/m. £ 6 B pw 
7367451 Day. 373 3782 Home 
SW17. Prof lo share' fbroBy 
bouse, dote Ip tube and 0R. 
N.'S preferred. £160 nan. Tel: 
01-672 826a 

•WHS COTTAGE. PrafM.T raa 
lo share deHghtfiu ftaf wah'gar- 
den view.' £50 w tnd ram. 
Tel: 01-328 2348 


Bought sum dWd-Tcl 01-881 
3347 or 01-791 2286. •• 

Centre Ctoun fbr any day- Ben 
seats. Please phene 737 3602. 

for ail days, alaa wanted. Ol 

WMBLEDON ttekete far sate & 
wonted, fiat prices peM. 
OMautaptei Ltd. 01 639 1088 . 

Best scots, in ten rows. Lounge 
badges etc. TM: 01 402 7861. 


i F toal a pck- 
ct» rcgreoaMy avallabie Private 
me 08444 6070 Evcs/WE. 

WMDOW BOXES Planted and Bk 
stalled wtm aiutlty 
Phone 821-6730.. 



Figuriiw*. animate. «c_ WBMr 
od. Ol 883 0004. 


adiusuue stool worth £80 sup- 
port! with any piano over £800 
pure h a te d during June. Rwm 
free .catalogue. 30A Mghgata 
Rd_ NWS. Ol 2ST 7671. ' 
and reocMKHUoned. QrsUUy ol 
. reosooaue Prices. 326 Brighton 
Rd- S-Croydon. 01-688 3613 
and reconditioned. Quality at 
reasonable price*. 326 Brighton 
Rid.. SOW don. 01-688 3H3 
KHOtlS STUDENT wanting to 
psacitee on a otano » OntntA 
area. Phone James 821-6730. 

• «r NT- 

lueerabps. Amec friendly. 

- nxtxed Oat. prat n/a. Joe o/r 
. £56 pw tori. Ol 794 6769. 

- lalned. Sud 1 . £126 pw 

■ Oonmany L*L 01-957-9681 
OAHU*. Prof. nm.-*hr. fee 
.'Ond hse. t»/r- -Cl 90 nan eto. 
.'Phone eves 01-673 6872 
a-APHAMDTHprof pi- O/R. tax 
mxd hse. nr tube. £175 pan. 

01- 673 2660 after XOtto*. 
HP— M BTO N in v comfortable 

flat- O/r. share with 2 Profs. 
£46 pw. Phone 682 6022 eves 
MARIA VALE Twy n.’s. o/r. 
newly decorated Hat. £173 pem 
Tal£ll-286 4343 After 6m» 

N1 M/f o/r In lux mate. gdn. sf 
gdn. nr Angel. asaJQ pw. 936 
2041 <L 226 .6811. ev. 

■LOANE SQUARE own Mgr fin 
In flaL ui umNHca. £78 p.w. 
TefcOl 730 0916 after 5.30 
Bri- Shr. tux flat tee. etegoni 

- sharing. Tocen - fmaia- 
£127iSopcm. 2367170. 

HO Prof rare man haa eocani 
dbte ream. M/F or cooote. CoO 
pw. nectite TWO730 81 6448 
SWR nr.TUte- Prof for to* o/r to 

2- bed modJteL roof otto. £160 
pan ad. oi 627 8191 . ten/pm. 

HMm'l. 24+. n/L tosharawWi 

1 other, own large rm. £220 
pem Inri. Ol 736 3352- 

SM Prof -M.-F. N/S. O/R. In 3 
bed hse + email gdn. £146 pan 
rid . .736 7778 after 6-30nm 
MTU. F. oVdble rm in-Kte IUL 
Ntk. £40 pw 4- unis, day 01-874 
413 6. after 8pm 229 1743 
ML M/f. n/s. o.T hi comfort- 
aMe fbtshrr nr lube. £69 pw 
tnriUL Ol BS6 1 12a 
TOOTWC, SW17. Prof pars 30* 
to share flaL Own able rm. CH. 
£100 pero exeL 4160071 ail 6 
WE, F 24+ to share tax flaL £42 
pw Tri. 014779 2668 o» 370. 

2 • &30 pm. 

W HAMPSTEAD Prof Vegettrion 
share ux lUL Own room. Nr 
lube. £200 tm Incl. 435 1S71 

Abqoa f«o cum E3R> 

FiMMi £400 toaotnl £180 

Lagos £3*o jtooto rreo 

— EZ7U 

kuHdff 1 

SiST 88 

Sfd/iw £855 

Tokyo £570 

2 mma sihst. umxm si 
T at tVOB 

narafun cco la/sf 
L agoa cm ~~ 

Nekou ms 

Khm £4EQ 

cam EZ05 KakntodB DUO 
DeVBoni E33S Rangoon £350 
Hoag Kong fSW Cakaiae DCS 



LUXDirr VRLA5 wnb pooh and 
Mil sua avail. SuMt of Franca. 
Maraeu*. Algarve. West mates. 
Conunouai vaus ot 245 9181 . 



Tovemas. W dales avail. June 
specials. High Season mom 
£125 Cciur HoUdayL Ol 309 
7070 6 0622 *77071 or 0*22 
67707604m). ATOL 1772. 


TDOn SOUTH 2 bed apart- 
ment nr Las America*. Sane & 
Available now. £135 pw- Video 
available. 02748 76956 



MDHBCL- Mottam French Atos. 
Large, new 2 floor apanmeai - 
loange. 3 beds. fcHctien. 2 bathe. 
Jnly- S eoiemPer. £250-£360i 
per week. Tab (Ol) 60347361 

Re*lM v Ahmad 

Before Lend Justice Glidewdl, 

Mr Justice Jupp and Sir Ralph 

[Judgment given June 20] 

The Mure by a landlord to 
take steps to complete building 
works was not the doing of an 
1 act so as to Tender him liable 
under section If 3) of the Proicc- 
I tioo from Eviction Act 1977. 

The Court of Appeal allowed 
an appeal by the defendant. 

Zafar Ahmad, from his convic- 
tion at Kingston Crown CottR 
! on November 22, 1985 before 
Mr Assistant Recorder CaiT and 
b jury, of doing an act calculated 
to inter fere with die peace and 
| comfort of the residential occu- 
pier of premises with intent to 
cause her to give np the occupa- 
tion of the premises or to refrain 
from exercising any right or 
j pursuing any remedy in respect 
[ of the premises. 

Mr D. H. Penrey-Davey, as- 
signed by the Registrar of Crim- 
inal Appeals, for the defendant; 
Mr W. E. Pawlak for the Crown. 


GLEDEWELL, giving the re- 
served judgment of the court, 
said that in April 1976 Miss 
King Lau Chan, who had a very 
poor command of spoken or 
written English, took the ten- 
ancy of an unfurnished Oat on 
the second floor of 25 Balham 
Hill, Balham. London. She was 
employed as a housekeeper and 
had a bedroom at her 
employer's house where she 
normally stayed three nights a 

In 1980 the defendant pur- 

chased the property and wished 
to improve the flats. In April 
1982 be obtained planning per- 
mission to do substantia! work. 

By that time there were no 
other tenants in the building. 
The defendant asked Miss Chan 
to agree to work being done, and 
to vacate her flat temporarily 
while it was done. 

It seemed dear drat she was 
prepared to agree ip principle, 
and so indicated at a meeting in 
February 1983, although there 
was an obvious possibility of 
some misunderstanding. 

But before giving consent, she 
wanted a gree in cut regarding 
where her funiture was to be 
stored and that while she was 
out of the flat no rent should be 

The work started in June 
1983. The defendant's case was 
that Miss Chan was willing and 
able to stay at her employer's 
house for three months, and bad 
agreed to do so. 

Miss Chan's evidence was 
that she had not agreed and the 
work bad started without her 
consent. She returned from her 
employer’s bouse on June 5, 
1983 to find all her bathroom 
finings removed ami her flat 
therefore uninhabitable. 

Miss Chan immediately con- 
sulted her solicitor and a meet- 
ing with the defendant took 
place at the office of the tenancy 
relations officer of the borough 

The meeting ended in stale- 
mate but the defendant under- 
took not to any more work at the 
flat until a firm agreement was 

Thereafter there was 
correspondence between Miss 
Chan's solicitor and the defen- 
dant throughout the remainder 
of 1983 and into 1984. No 
agreement was reached and no 
further work was done at the 

The defendant's contractors 
did not return to the flat and its 
condition on May 8, 1984 when 
the information was issued was 
the same as it had been on June 
5. 1983. 

The prosecution alleged that 
when the work started and ai all 
times thereafter the defendant 
intended to cause Miss Chan to 
give up occupation of the flat by 
making conditions so intol- 
erable that she would be obliged 
to move elsewhere. 

Alternatively they contended 
that if the defendant did not 
have that intention initially, he 
formed the intention after ihe 
flat bad been rendered uninhab- 
itable in June 1983 and there- 
after deliberately did not 
proceed with the work to the 

flat, with Ihe intention of forcing 
Miss Chan to give up occupa- 

At the dose of the prosecution 
case, the defence submitted that 
there was no case to answer 
because although there was 
evidence from which the jury 
might conclude that by January 
1984 the defendant bad formed 
the intention to evict Miss 
Chan, be had done nothing of 
relevance from that date. 

To “take no further steps" 
was the opposite of "doing acts” 
and therefore, h was submitted. 

the defendant did not do “acts 
calculated to interfere with 
[Miss Chan’s] peace or 

The judge rejected that sub- 
mission and the jury convicted 
the defendant. 

The question was whether in a 
particular situation, a person 
who did an act which caused 
damage to another innocently 
and thus at that stage was guilty 
of no offence, was nevertheless 
under a responsibility to rectify 
the damage he had caused, so 
that an intentional failure to 
rectify what he had caused was a 

There was no doubt that on 
the frets found by the jury the 
defendant was in breach of his 
tenancy agreement by not 
completing the work so that 
Miss Chan could re-oocupy the 
flat within a reasonable time. 

But it had to be remembered 
that much conduct which, under 
section 1 of the 1977 Act was 
now a criminal offence, con- 
stituted at common law a breach 
of contra a but not a crime. 

A statute which created a new 
offence should be strictly con- 
strued. The statute used the 
words “does acts". 

The words of the Act did not 
impose a responsibility to rec- 
tify da m a ge already caused by 
an act done without either of the 
intentions necessary to con- 
stitute an offence under section 
1 of the 1977 Act. Therefore the 
conviction had to be quashed. 

Solicitors: Miss M. Bzowska, 

Machine on test needs to be fenced 

LMMUKDOC VUtogr too 8to» 4. 
* m*H oooi-gdii. araU end June 
to 19 JOty. C75PW 834 9952 

CORFU 2* JUNE, vim on toe 
Deocft. -»r- 6. in 

Kanunau. AMo tone vacancies 1 
Juiy/Aoa sunsrane Monday*. 
Ol 94B 67471 24 bra)- AST A. 

nr centre ri arakn g 
w. Coast 0822 700749 




50 yRds tan GtyMt bask. 
Nw miuratti step S/7, 2 
bathrooms. Unfitted tauten. 


Tal 01 452 8218 
(after AOO pen). 

Nairobi, JoUmg. Cairo. Duhti. 
Istanbd, Singapore. lU-Ddhi, 
Bangkok. Hong Koog. Sydney, 
Europe, & The Americas. 

Higtau Trine!, ' 

74 Shaftetwj Ararat 
Loaded W1V 7DG. 

01-439 0102 
Opes Satmr*n 1L06-Z1M 

b week relaxing at our private 
uadi Iwml Omr a wcek-miM- 
tog on our yacM for £380. tac 
rarH7& no* wmh iwt tt 
cr comouiatMa* boh. AMo 
Osoaty IT £99. Ol 326 1005. 

Last minute poUdjyiv flTmi 1 vt 
-£l«9 2wwt £179. FlMMs from 
£99. 10923) 7712£6(24tinX 

T&mwaj. HotUay*. 

ABTA/ATOC 1107,. 

„ teCWA/CATRLAU grade* of tm-| 



Horn. Di Mourn Travel; 01-730 

CHEAP PLMteTB Europe World- 
wide. CHI -Edge Travmfc ABTA 
01-539 SCOSJttoo Angie 

UM rr £110 Stogie. £2io rm. 
HW Season Fare*. Motor trav 
«1. 01 486 9237. IATA 


Bern Travel. TalCU 386 6414. 


Haymartet 01-900 1366. 

01-434 0734 JOMta- TTOVCL 


U.T.C. Open SOL 0783 837035. 

BtoatoK. Ol 738 8191. ATOL- 

■MW 1 11HLAHU OlimUtlu) BtoMi 
01-724 2388 ABTA ATOL 

SWITZERLAND Scheduled (HgMi 
01-724 2388 ABTA ATOL 


Sr m pS 

T m 





| Over BhflflB people hi the Ualtorijna Bdat a 




Thera M»MleaetlVlOTiteWwlS«wtedwvlw«o 


AboGtaholfafallStroiacooaid be (mooted. 


Pi a witl u n i end i ibelafiteflia i rad f eoda rageoUp. 



BtttttDbtr Strate Victim Pkrase 

nt s Utu tt i O*oi*yM> M1J0IS ' 

I teTteCte*L»ltoAindS>raW/ * «* diiii» a Te te toAtW Ha th, 
" 1heiet*ekS<pa»e.laaA»aWOB8JE.tei p te au OHP)gP 



S smsBsa 

patera, aau / tea sarvw etc., 
DaUs^sapi pknw/croM cant 

r wrect mm 

Trt Uedee ft 251 M5S 
T«IMjter m tH 903 
' H0L2SM 

• iTTn-mm Mini 


- 1 '-.lii n ia r-'r 




l?r _ _. - J 







KH.Y £24*. or the weD-anpotoir 

ed EU HOTEL in Mduded Bav 

of SjHil'Alesno. onDr T nitos 

from toe eteganl nuernaitonai 

resort of Taormina. Price 

tod. 7 night* iwUMoard to iwto 

room, rrtum daytone Catwick 

m* every Ttaesctev from I July. 

pom tt Private beach, transfer* 

4( airport rase. No hidden extra*. 


7482 ABTA /ATOL 1907 
o,v< £396 rin £646. Auckland 
O. w £420 rm £774. 00*01X8 
O/w £306 rtn £470. Lou Ang»- 
Im o/w £| 92 rtn £380. London 
Fngni Oratne 01-570 6532. 

New York £249. t_A £329. To- 
ronto £229. jr-burg £419. 
Nairobi £309. Sydney £639. 
Auckland £749. Danatr 130 
Jrrntyn Street Ol 839 7144 
H/YORK Miami la. CteaMrt 
tom on maMr US. &chedu*<0 
carriers. Abo transatlantic 
dinner* * (itobt* to Canada. Ol 
564 7371 ABTA. 

European deaunauoca. toch»- 
she holidays; SanTorin) • 
Corfu SunHMir Hoiklays. Ol 
491 2187 ATOL 2109. 


Ol 402 

61004 ATOL 1960 
v/ortd wide CMapeU IWn 
Richmond TrawH- 1 Ouk* SI 
Rfrhmond ABTA 01-9*0 4073. 
TUNISIA For mu perfect holiday 
wim sunny day* 5 carefree nts. 
Ideal Spring, Summer .Tuntelan 
TratM. 01-373 4411. 

Italy. Greece. Port. Canaries. 
$Mio. Germany. 01-434 *326 
AUCAX1C. rtn. Malaga, etc 9 
ounond Travel ATOL 17S3. 

01 561 4641. Horsham 63641 
LUSSE, NJL. South Africa. 
USA. Hong Kong. Best Fprer 
01493 7776 ABTA. . 
oescontrs lU/eoanomy dek 
«S Try U» Wt. FLKWT' 
BOOKERS 01-307 9100 
ECUADOR TRAVEL (pecMtate to 
Lain America A Europe ate 
terra. TCt 01437 7834 ABTA. 
51* AM POftfURAL 
ntgtita FteWnr 01-471 0047 
ATOL 1640- Accca/Visa. 

5 YD/ MEL (D618 Penh £545 AH 
motor cwrten la AUS- NZ. OI 
SM 7371 ABTA 
SOUTH AFRICA J0"bu ro from 
SAAB. 01584 TS71 AST A. 

We *118 naive avadabittiy | 
ninwgnoui amnnier season 
Hotel Attaint*. A IneruUy tomlly ' 
B/B hotel on the edge 
KantotM* Town. <0923) 
771266(24hrM. Tbnsway HOH- 
davs. ABTA/ ATOL 1107. 

CORFU, beautiful elite*. Apt*. 
Hotel*, we Hid have avoUatunty 
Sunday 29 June 6 every Btm- . .. 
day in July at Special Price* l &| “ 
2 wU ex Carwlck Pan World ■ 
Holiday* 01 734 2662 
LESHAS. 24/6 Puts 1 W» £99. 
Diertsa coodr we* 602/1. 
windsurf. Coude*. Soto*, child 
care. 1 Jifly laSo*. l.imawtape 
Ol 441 0122 24 hr*. 

I GREECE. Unspout Wanra. riieaa 

TBA Industrial Prodacts Ltd y 
L aine 

Before Lord Justice Watkins 
and Mr Justice Mann 
[Judgment given June 20] 

A machine which had been 
installed in a factory for the 
purposes of development and 
modification, and which, if the 
development and modification 
were successful, was to be used 

as part of the manufac turing 
process at the factory, was a 
machine within the fencing 
provisions of section M(l) of 
the Factories Act 1961. 

The Queen's Bench Di- 
visional Court so held in a 
reserved judgment when 
dismissing an appeal brought by 
the occupier of a fictory, TBA 
Industrial Products Ltd, by way 
of case stated from their convic- 
tion by Rochdale Justices for 
contravening on August 9, 1984, 
section 14(1) of ihe 196! Act 

Mr Jonathan Rowe Foster for 
the appellants: Mr Roger Ter 
Haar for the prosecutor. 

that section 14(1) provided: 
Every dangerous pari of any 
machiner y, other than prime 
movers and transmission 

machinery, shall be securely 
fenced . - 

It was not disputed that the 
appellant's premises were a 
factory or that the machine had 
dangerous pans or that these 
parts were not securely fenced. 
The dispute was whether in the 
particular circumstances the 
machine was caught by the 
expression “any machinery" in 
section 14(1). 

The machine had been de- 
signed by its manufacturers to 
process rag waste. The mar-him- 
was obtained by tbe appellants 
late in 1983 when it was 
installed in the premises. The 
appellants wished to discover 
whether by modifying the ma- 
chine they could use it to 
process glass fibre waste. 

Tbe justices found that the 
appellants intended, if tbe ma- 
chine proved suitable, to use it 
in a manufacturing process. On 
August?, 1984 the machine was 
still undergoing experimental 
modifications and it was not 
until October of that year that 
the machine was found suitable 
for use in processing glass fibre 
waste into a usuable commod- 

The expression "any 
machinery" was a wide one. If it 

was looked at in isolation the 
machine would be within it. It 
could not be looked at in 
isolation because it was fol- 
lowed by the phrase “other than 
prime movers and transmission 

In Panin v Morton Machine 
Co Ltd (T 1952] AC 515) the 
House of Lords decided that a 
dough-brake which had been 
need at and was still in a 
lory was not within the 
expression “any machinery”. 

The House was concerned 
with a machine which was the 
product of the productive pro- 
cess. The particular circum- 
stances of the present case were 
not in contemplation. 

In Irwin v White Tomkins and 
Courage Ltd ([1964] 1 WLR 
387) tne House of Lords made 
observations in the context of a 
case concerning a newly in- 
stalled but completed sack hoist 
which had not yet been taken 
into commercial use. 

The House held that the hoist 
was within the expression “any 
machinery”. Again the particu- 
lar circumstances of the present 
rase were not in the contempla- 
tion of tbeir Lordships. 

The breadth of the phrase 
“any machinery” was lim ited by 

authority to exclude machinery 
which was a product and 
machinery which was in the 
process of installation. 

The waste disposer was not a 
product and it was installed as a 
complete piece of machinery in 
ihe appellants’ factory. It was to 
be modified after installation 
and it might or might not have 
had a life m manufacture depen- 
dent upon the success of the 

There was nothing in the 
statute which would have per- 
suaded their Lordships in 
Parvin vMorston Machine Co to 
have excluded from the antith- 
esis to a produced machine an 
installed machine which its 
owner intended to use to pro- 
duce if successfully modified. 

Nor was there anything in the 
statute which would have per- 
suaded their Lordships in the 
Irwin case not to include such a 
machine in their limitation of 
“any machinery". 

Tne machine was on August 
9, 1984, within the expression 
“any machinery” and accord- 
ingly on (hat date there was a 
contravention of section 14(1). 

Lord Justice Watkins deliv- 
ered a concurring judgment. 

Solicitors: T. Unsworth, 
Urmston; Treasury Solicitor. 

Utey*. 01-434.1647. Atol ABA. 
■HOMS 2528/6 6 2/7 MX WD I 
HUM*£lM.awB| 0705 1 

Policeman’s perjured evidence was Consent to 

not central to issue at trial 


Constable Adams, had given 
false evidence at the trial He 

Regina y Cummins 

Regina ▼ Perks . 

Before Lord Justice May, Mr to perjury at the suggestion lo Mr Perks that Mr 

Justice Michael Davies and Mr Central Criminal Court and was Cummins be left out Prosecui- 

PC Adams later agreed at his 
trial that it was he who made the 



* ENDi rates* yours**— you 
desnve il A w Mkcn d to Ven-| 
ler. Fkncnc* or Route. EM wed. 
drink writ. Aopwdtond forget 
■bout England'* degrading 
weather. Or axnMiw a Cay 
weekend with a week by tool 
ten. Free toori u ra from Magic 
of Italy. Dept TT. 47 Siteftorrd*l 
Bush Green. wi2 BPS Tefc 01; 
749 7449 124 lira Service) 
CENTRAL VENICE. Apt* to ran. 
Price* rrooi £180 per vreek. 
Chapter Travel Ol-a«6 9481. 



ALCMHVC £100 reductions - Srxl 
July. 2wla. Lovely beach apt* 
an preay randy bay. pool/ ten- 
nis. Np* 2/A reduced by £100 
each. CteM 6 teenage ottcounei 
RUig 0763 4881 1 ABTA 
NOT THE ALUARVC Unwind in a 
genuine Poriugeuw TJIftoge. 
Fishermens houses, villa* & 
apt*. 0O-3OOm Prom lovely 
undybMChes TN 047359039 
Cooks Travel 
Holiday* ot dtausenon for Ihe 
very few. TW: 01-491 0002 . 73 1 
SL JamST Street- SW1. 
ALSARVC. VHtaiara detox* vfltes I 
5 ape*. An Bmcnttte* ine red. 2 1 
pea*, priv. oearn. Avan Juno- [ 
Oct. 01 409 3838. VM la World [ 
««IWt Lux villas wito pools. ( 
Avail Ang/OcL Ot 409 2838. 

ALGARVE. Vlbu with pooh. The j 
villa Agency. 01604 8474. 


Luc Villas -With ■ 

pool*. Avail June 10 OcL Ol 409 
2838. VUtoWorid. 


SUN. SMOW- watenport* . (entds 
In toe French Alp*. £17 per i*l 
f n. SuprtlntvcL Ol 884 6060. 


character cwtage. steeps 6.8- 
ist advert - all date* avofiau*. 
From £140 pw (0823) 672047 


Justice Allion 
[Judgment given June 19] 

When a prosecution witness 
was subsequently convicted of 
having given perjured evidence 
against defendants, and the 
defendants appealed against 
conviction on the ground that 
the verdicts were unsafe and 
unsatisfactory, the Court of 
Appeal was entitled to dismiss 
the appeal in circumstances 
where the perjured evidence 
related to a matter which was 
peripheral to tbe main issue at 
the triaL 

The Coon of Appeal (Crim- 
inal Division) dismissed appeals 
by Patrick John Cummins and 
Lance Terence Perks, both of 
previous good character, from 
their convictions at the Central 
Criminal Court (Mr Recorder 
Higgs, QC, and a jury) on 
December 14, 1984, 

Mr Cummins was found 
guilty of reckless driving and 
conspiracy to pervert the course 
of justice and sentenced to a 
iota! of nine months' imprison- 

Mr Perks was convicted of 
conspiracy to pervert the course 
of justice and obtaining prop- 
erty by deception and sentenced 
to a total of 18 months' 

Mr Peter Dypey for the 
defendants; Mr David CaJven- 
Snnth for the Crown. 

DAVIES, delivering the judg- 
ment of the conn, said that after 
the trial counsel advised the 
defendants that there were no 
grounds for appeal and con- 
ceded that there was no mis- 
direction to the jury or any basis 
for arguing that the convictions 
were unsafe or unsatisfactory. 

It later transpired that a 
witness for the Crown, Police 

sentenced to imprisonment on 
December 18, 1985, a year after 
the defendants' triaL 

The defendants were then 
advised by counsel to apply for 
an extension of lime and for 
leave to appeal 

The prosecution case was that 
on May 14, 1983 in Wands- 
worth Road, south-west Lon- 
don, a Datsun motor car was 
driven recklessly and collided 
with a bus, causing extensive 
damage and that the driver of 
the car was the defendant Cum- 
mins who was a police section 
bouse warden. 

PC Adams had been to the 
scene and tbe next day he saw 
Mr Perks, a serving police 
officer. Both defendants were 
spoken to in relation to the 
accident and neither denied 
their presence in the car. 

PC Adams had a discussion 
with Mr Perks in hospital and at 
the trial each of them gave 
conflicting evidence of that 
discussion. Mr Perks said that 
PC Adams suggested that Mr 
Cummins should be “left out of 

PC Adams denied that and 
the prosecution case was that 
the leaving out of Mr Cummins 
was Mr Perks's idea. 

Later Mr Perks made a claim 
on bis insurance policy to cover 
the damage to his car on the 
basis that he was the driver and 
he omitted to mention Mr 
Cummins at all as a witness to 
the accident 

He said that was at the 
suggestion of PC Adams while 
the prosecution case was that it 
was all pan of the conspiracy. 
Mr Perks said that he had been 
to a party and gave Mr Cum- 
mins a lift home and that he had 
been the driver at all times. Mr 
Cummins' evidence was the 

ing counsel raid that it was not 
alleged that innocent men had 
been convicted as a result of PC 
Adams's evidence and that the 
case depended on identification. 

Their Lordships were not 
influenced by that statement but 
it crystallized the main ques- 
tions in the present appeaL 
Were the defendants convicted 
because of the perjured ev- 
idence? Were the verdicts un- 
safe and unsatisfactory? 

_ The evidence on identifica- 
tion was strong. This was not a 
case of identification in the 
Turnbull sense (1977] QB 234) 
in that there was no talk of 
fleeting glimpses. 

Both defendants admitted 
that they were present and the 
question was which of them was 
driving. The defendants were 
very different in their physical 

It would be wrong for the 
coun to say that because PC 
Adams told an untruth the 
convictions should be quashed 
on the vague ground of fair play. 

The defence submitted that 
the credit of Mr Perks might 
have been reduced by what PC 
Adams said. The coun could 
not accede to that submission. 

The question was whether the 
evidence of PC Adams had so 
contaminated the case that the 
court should stigmatise the 
convictions as unsafe and un- 

The identification evidence 
was in no way contaminated 
and it was impossible to say that 
tbejury would have come to a 
different conclusion from that 
which they did. There was no 
justification for interfering with 
the convictions. 

Solicitors: Bertram White & 
Co. Epsom; Director of Public 

(LAMRLAND Saw Catering. Cat 
tones. . Farmhouses ot c. G ra y 
AttteY Broov 10946) 3773. 

Reasons for not banning driver 





Four PMSte required hi conn 
: pw» lively muted grout) 36-4« 
yrs. Td.DL-mJBaOJHl-te 
.Itoe >MO*n. 

lugtus eg. mo £485.- u 

- «*ao m Also Oman anno] 
Horn toy JouRHovAcs Pa-» 
from KMO> Jt_A ol -747-3108 

-low. FAKES Nnammc . 

TBA- S- America; MM ana ror 
. E»L S Afrife- TrayvM*. 48 
Moro ns euml wi oi r — 
asm <vm arnw 


CRUISE Tarter 12 Iterth cnrteod 
motor yariu S wfc* job* 
17 July IN £365 PP tor lUt- 
Wb«te bool av-MteMc ottwr 
weofcs from £iooo. Free 
W worts, n b- 01 326 1006. 
AMI 2091 



sunaun. Bni***. Brate- 

Orae**, Sonic, Lausanne. Tne 
Hague. Dunlin. Roum. Bou- 
logne 6 OttW TWO Off. 28. 
Q»itfr Ctae- London^ SW1X 
re O OV 235 8070 


An opportunity rw arisen 
tor tuo vataae Brokan to 
tjidd • a uctawBtuI business 
wtiftn the financial fiafil. 
nwi «wib> owing trap- 
ing. Smart. anvmrdaBy 
minded heSviduals, 25 - 30 
ygort, with sanw of tumour. 

01-499 5944 

STUDENT RSQUatEB for p**. 

ogiiH ami ormeiy worx.ra twr 
bray dtstnouOan ranfrr Orb- 
ing Uotnor ■marred. Contort 
Nigel Davt* M PKO-A-TctTf On 

491 S8S7 

umrs school or raa 6 wtm 

orr KwUng (Or 3 ww uadiMv 
We ium 5 to.iUrl ficvtemtxY 
it! 6 j 3rd u cun SfMMntor 
a2rid Interviews jgjy 25ro 
2501 Pirate ling VKigr Qs- 
OortK on 01-229 01776 ask (or 
.an raotKadon form, 
quired for *mau Usman theo. 
EteiwiU d o n e mwi ootwi 
ler women. Cl.OOQ + eaawnfa. 
rob Trtegmne 493 07l« 

CoNfancd on page 40 

Chatters v Barke 
Before Lord Justice Watkins 
and Mr Justice Taylor 
[Judgment given June 17] 

In deciding whether there 
were special reasons which jus- 
tified not disqualifying a motor- 
ist under section 93(1) of the 
Road Traffic Act 1972, there 
were seven factors which jus- 
tices should take into account, 
not only the distance travelled. 

The Queen’s Bench Di- 
visional Coun so held, refusing 
an appeal by way of case stated 
by the Sudbury Justices, brought 
tqr the prosecutor. John Chat- 
1 ters. The justices decided not to 
disqualify the defendant who 
had pleaded guilty, inter alia, to 
driving while having consumed 
excess alcohol, contrary to sec- 
[. tion 6(1) of the Rood Traffic Act 
1972. as substituted in Schedule 
8 to the Transport Act I98L 
The defendant, having de- 
cided that he had very likely 
consumed an amount or alcohol 
above the legal limit, was a 
passenger in bis car bei ng driven 
by someone else who lost con- 
trol of II The car left the road, 
rolled over and ended up in a 
field. ' 

. The defendant drove his car 
j from the field on to a road. He 

then stopped the car and got out 
The police came and after 
speaking with tbe defendant, 
formed the view that be bad 
been drinking and arrested him. 

The prosecutor appealed on 
the ground that the justices bad 
based their decision not to 
disqualify on the single factor of 
distance travelled. 

Mr Simon Mehigan for the 
prosecutor, Mr Manyn Levett 
for tbe defendant 

that mere distance was not the 
only factor which should be 
taken into accounL 
Lord Justice Watkins, during 
argument, referred to seven 
matters which were to be taken 
into account by the justices. 
Those were 

1 How far the vehicle was 

2 In what manner it was driven. 

3 The state of the vehicle. 

4 Whether it was the intention 
of the driver to go farther. 

5 Prevalent conditions of the 
road and traffic. 

6 Whether there was a possibil- 
ity of danger by coming into 
contact with other road-users or 

For hts Lordship's part item 6 
was the most important, and 
dearly distance driven was not 
itself (he determinant of special 
reasons. With those factors in 
mind it was necessary to look at 
the facts of the case. 

It was argued on behalf of ihe 
prosecutor, as in the case of 
Hoime v Walklett «1983] RTR 
512). the justices based their 
decision merely on distance. 

His Lordship would have 
regarded the justices as falling 
into error if that was the only 
factor which they took into 

But they also said that they 
found the defendant's intention 
was to drive the car out of the 
field and no more, and they took 
into account the distance trav- 
elled on the highway, which 
seemed to indicate that they 
took into account the danger to 
other road-users. 

Those factors being taken into 
account, the justices were en- 
titled to come to the conclusion 
(hey did. His Lordship would 
dismiss the appeal. 

Lord Justice Watkins agreed. 

Solicitors: Sharpe Pritchard & 
Co for Mr M. F. C. Ht 

Lanham v Bernard 
. : Lanham v Toye 

Before Lord Justice Watkins 
and Mr Justice Taylor 
(Judgment given June 20] 

It was wrong for a magistrate 
to decide not to impose an order 
to bind defendants over to keep 
the peace under section 115 of the 
Magistrates' Courts Act 1980, 
merely because the defendants 
had indicated that they intended 
to continue doing the acts 
complained of. 

However, the magistrate was 
entitled to decide m his dis- 
cretion. that it would be unfair 
to impose the penalty for failing 
to consent to a binding over 
order under section 115(3) and 
imprison the defendants, while 
other defendants who were con- 
victed of the offence charged, 
were merely fined. 

The Queen's Bench Di- 
visional Court so held dismiss- 
ing the prosecutor's appeal by 
way of case stated by tbe 
Fakenham Magistrate. 

The defendants were charged 
with causing or attempting to 
cause criminal damage to the 
fence at RAF Sculthorpe, Nor- 
folk. but at the hearing the 
prosecution offered no evidence 
against the defendants in rela- 
tion to those charges. 

The magistrate therefore only 
heard complaints alleging that 
the defendants should Be Bound 
over to keep the peace and to 
enter into recognizances pursu- 
ant to section 115 of the 1980 

Mr John Devaux for the 
prosecutor. Mrs Laura Cox for 
the defendant Bernard: Mr 
Jonathan Toye in person. 

said that if the only reason why 
the magistrate refused to impose 
the binding order was as ex- 
pressed in paragraph 7(1) of the 
case stated, that the defendants 
stated that their intentions were 
to continue to commit acts of 
criminal damage by cutting the 
perimeter fence of RAF 
Sculthorpe until the Govern- 
ment revised its policy towards 
the use of nuclear weapons, he 
was clearly wrong and did not 
exercise his discretion according 
to proper principles. 

It could never be right for the 
court to refrain from exercising 
its powers under section 115 
merely because those against 
whose conduct complaints were 
made, expressed their intentions 
to carry on with that conduct 
His Lordship added how- 
ever. that he should be loth to 
conclude that the magistrate was 
misguided solely through the 
reason expressed in paragraph 
7(1) and he was moved to 
refrain from exercising his pow- 
ers under section 1 15 by the fear 
that it would be a quite glaring 
inequality of treatment on the 
one hand to imprison those 
defendants who refused to con- 
sent to being bound over, and 
on the other hand merely to fine 
those found guilty of criminal 

Mr Justice Taylor agreed. 
Solicitors; J. A. Rosser & Co, 


car being driven. 



$ S K * X? Tc 





Makin should take 
consolation prize 
with Action Time 

Eddery in line for ride on Bonhomie 

By Michael Seely 

Pal Edderj is likely to ride 
Bonhomie for Henry* Cecil in 
the Irish Sweeps Derby. 
Europe's richest-ever horse 
race at the Curragh on Satur- 
day. Mashkour worked well 
with Queen’s Soldier at New- 
market on Saturday. Sieve 
Cauthen.. therefore, will prob- 
ably opt for the Epsom Derby- 
third. leaving the hero of 
Royal Ascot to take the mount 
on Bonhomie. Warren Plare’s 
decisive winner of the King 
Edward VII Stakes. 

Everyone is eagerly await- 
ing the re-appearance of the 
highly-regarded Verd -An- 
tique. "The ground is too firm 
for him at present." Cecil said. 
“If the going eases he might go 
for the Princess of Wales’s 
Stakes at the July meeting.” 
Petoski and Shardari are al- 
ready under orders for 
Newmarket's important Pa- 
ntile test. 

Of Cecil's other good three- 
year-olds. Faraway Dancer, 
the Derby fourth, will have 
Conquering Hero and Then 
Again among his rivals in 
Kempton's Racal-Vodafone 
Slakes at Kempton on 
Wednesday evening. 

Brave Owen, the Jersey 
Stakes runner-up. will have 
his mettle tested against True- 
iv Nureyev in the Van Geest 
Stakes "at Newmarket next 
Saturday and Gwydion will 
attempt to make amends for 
her Ascot defeat in the July 

One of the most interesting 
contenders in Newmarket’s 
group one sprint will be Green 
Desert. Sheikh Mohammed's 
Danzig colt has run gallant 
races in defeat, notably when 
second to Dancing Brave in 
the 2,000 Guineas and again 
when runner-up to Sure Blade 
at Ascot last week. A lack of 
stamina has been his downfall 
on both occasions and Green 
Desert should be in his ele- 
ment over six furlongs on the 
July course. 

Michael Stoute. Green 
Desert's trainer, reports 
Shahrastani in fine fettle as the 
Epsom Derby winner bids to 
repeat Shei^ar’s 1981 triumph 
for the Aga Khan at the 
Curragh. Shahrastani seems 
sure to start at very cramped 
odds as the Nijinsky colt 

By Mandarin (Michael Phillips) 

Bonhomie, the King Edward VII Stakes winner, who is likely to be ridden by Pat Eddery in Saturday's Irish Derby 

attempts to give the trainer his 
third Irish Derby victory. 

With Willie Carson serving 
his seven-day suspension for 
careless riding at Ascot. Dick 
Hern has booked Brian Rouse 
for New Trojan. And the 
Royal trainer is convinced 
that his King Edward VH 
Stakes runner-up has an each- 
way chance of repealing 
Troy’s 1979 success for the 
stable. “His sound effort at 
.Ascot is sure to have brought 
the horse on.” he said. 

The highlight in England on 
Saturday will be the £30,000 
Brown Ale Northumberland 
Plate at Newcastle. Henry 
Candy came close to capturing 
the Pitmens' Derby when 
Nicholas Bill finished second 
to Totowah in 1979. This year 
the KJngsione Warren trainer 
has the likely favourite in 
Sneak Preview, who is unbeat- 
en in two runs this season and 

on his most recent victory at 
Doncaster had the subsequent 
.Ascot Stakes winner. Rifcki 
Tikki. in third place. Backchat 
and Dan Marino are other 
likely runners for Gosforth 
Park's rich prize. 

At .Ascot on Saturday Willie 
Carson gave Lady Beaver- 
brook handsome compensa- 

Racing abroad — page 45 

lion for Vouchsafed 
disqualification in the 
Bessborough Stakes when 
driving Janiski to a narrow 
win over Milton Bum in the 
High Yield Stakes. Janiski put 
up a fine performance for a 
three-year-old carrying 8st 
1 01b. “He got the trip well,” 
Hem said, “but he may be a 
difficult horse to place from 
now on." 

Carson was earlier seen to 
great advantage when bringing 

Sanam home a neck in front of 
Pat Eddery and Mr Eats in the 
Erroll Stakes. John Dunlop's 
horses have been running as 
though the hounds of hell 
have been at their heels all 
week and Sanam's success 
gave the .Arundel trainer his 
fourth win of the week. 

Guy Harwood has also been 
in invincible form and the 
Pulborough trainer added to 
his tally by landing a double 
with Sadeem and Vianora, 
thus ending the five-day meet- 
ing with the same number of 
winners as Dunlop. Having 
watched Dancing Brave come 
second to Shahrastani in the 
Derby and St Htlarion finish 
second to Dihistan in the 
Hardwicke Stakes, Harwood 
at last got his revenge on the 
green and red colours of the 
Aga Khan, when Greville 
Starkey and Sadeem proved 
too strong for Walter 

Swinbum on the disappoint- 
ing Danish gar in the Churchill 
Stakes. “Sadeem could make a 
Leger horse in time," the 
trainer said. 

Vianora showed herself to 
be one of the most progressi ve 
fillies in training when record- 
ing her third victory of the 
season in the Fern Hill Slakes. 

The day's feature race, the 
Steel Plate and Sections Vic- 
tory Cup. resulted in a con- 
vincing victory for Orient, 
who showed brilliant speed to 
go dear of her IS rivals. 
Richard Whitaker, the- win- 
ning trainer, now has ambi- 
tious plans for Richard 
Watson's home-bred filly. 

‘‘We’ll go for either the 
Alington Stakes at Sandown 
or the Baroda Stud Stakes at 
Phoenix Park before the King 
George at Goodwood," he 

Although Peter Makin, the 
Ofiboorne Msfsey trainer, did 
not actually manage to win a 
race at Ascot last week, he still 
had every reason to be pleased 
with the way that his horses ran. 
From only five runners, he 
saddled two seconds, a third, a 
fifth, and a sixth; many of bis 
colleagues, I know, wo a Id have 
been Mixbted to do likewise. 

After Treasure Kay, his run- 
ner in Saturday's Steel Plate and 
Sections Victory Cup, had been 
unlucky to run op against one so 
swift as Orient, Makin was in a 
philosophical mood. After 
consoling himself with the 
thought thg * all his runners had 
acq ouled themselves well, he 
simply shrugged his shoulders 
and said: “Oh well, never mind, 
at least I'll win the seller at 
Wolverhampton on Monday." 

ACTION TIME (7.10) b the 
horse in question and Brent 
Thomson is the jockey saddled 
with the responsibility of win- 
ning this well-deserved consola- 
tion prize. 

This will be Action Time's 
first run in a race of this nature. 
In both his trainer's opinion, and 
mine, he need only run as well as 
be did in his last race at 
Sundown, where he was a 
strong- finishing fifth in the 
Hwia Williams Handicap, in 
land the nap. Being by the Ascot 
Gold Cup winner, Sagaro, Ac- 
tion Time is bred to be in hb 
element over today's distance of 
1% miles. 

Thomson, whose confidence 
should be sky-high now follow- 
ing those victories on Sure Blade 
and Card's Treasure, can warm 
for the task by winning the 
Dawley Maiden FQlies Stakes 
on POLLY'S SONG, who 
shaped so nicely on her debut at 
Sandown wben she finished 
fourth behind the well-regarded 
Sea Dara. 

The former Australian cham- 
pion has a good chance of 
landing a treble by winning the 
EBF Aldersley Maiden Stakes 
on her stable companion, 
canghf my eye at Newbury 
earlier this month when be ran 
, realty well, although unplaced, 
in the race won by wave Dancer. 
With Brave Dancer then for 
from disgraced in the Coventry 
Stakes, and Sanam, the fourth 
horse home in their Newbury 
race, winning at Ascot on Sat- 
urday, that form looks reliable. 

It was during the same after- 
noon' at Newbury that I was 
struck by the tenacity that 
GRANNY’S BANK showed to 
win her first race of the season 
As it was confined to appren- 
tices, she has not been penalized 
for today's Brighton Mile Chal- 
lenge Trophy where she is able 
to meet the third horse. Golden 
Slade, on the same terms. 

In other races at the Sussex 
track, it should pay to follow the 
champion jockey. Steve 

Cauthen. He will be there 
principally to ride the well-bred 
newcomer, RUN LITTLE 
LADY, for Henry Cedi in the 
Bevendeaa Maiden Fillies 
Stakes. But he has also been 
booked for REDDEN in the 
Peace haven Handicap and, with 
five victories over the course and 
distance gained when the going 
has been as firm as it is at 
present, Redden is something of 
a standing dish at Brighton. 

Cauthen partners Enzeliya in 
the Hove Maiden Fillies Stakes 
hot here I prefer TRANSCEN 
DENCE. who was a late with- 
drawal from the last race 
Lingfieid on Saturday evening. 
My selection was nnmer-up to 
Gull Nook at York in May, but 
with Gull Nook then winning the 
Ribblesdale Stakes at Royal 
Ascot last Thursday, that was 
obviously some maiden. 

Today’s course 


TRAINERS: H Cecil 11 winners from 19 
runners. 57 .9%; L Cumarn 8 from 20. 
*0.0%; M Stoute 16 from 57. 28.6%. 
JOCKEYS: WR Swinbum 12 winners from 
52 ndes. 23.1%: T Quinn 18 from 79. 
226%: W Carson 41 from 193. 21.2%. 


TRAINERS: H Coal 8 winners from 20 
runners. 40.0%: f Balding 15 from 46. 
32.6%: B Hffls 13 from 40 32.5%. 
JOCKEYS: Pat Eddery IS winners from 36 
ndes. 41.7%: J Matthias 12 from 33, 
36.4%; T Ives 13 from 102. 12.7%. 


TRAMERS: w Hem 8 winners from 18 
runners, 44.4%; G Lewis 6 from 22. 
36.4%; H Ceci 14 from 43. 32.6%. 
JOCKEYS: P Waldron 6 winners from 25 
ndes. 24.0% W Canon 19 from 91 
20.9%; T Quinn 10 from 57. 17.5% 

Blinkered first time 

PONTEH1ACT: 2.45 Miss Diamante: 4.15 
Joist: 5.15 Golden Fancy. 
WOLVERHAMPTON: 6.10 Giazepta Final: 
7.10 Retea Cocdnea; 9.10 Maitetrailis. 


Going: good to Ann 
Draw: Sf-fif, tow numbers best 

2 JO LEVY BOARD APPRENTICE STAKES (£1,027: 1m) (17 runners) 

ASH CREB(<PCalan)T Casoy 7-83 P McEntee 17 

3.30 BRIGHTON MILE HANDICAP (£4,666: 1m) (10) 

4/10-000 REALLY HONEST (0} (E St Georoe) L Cumani 5-8-10-, 
301-410 DOGMATIC (A SamuaQ R Johnson Houghton 3-9-6 — 





11 004420 HARBOUR BAZAAR'!!!) (BF) (M Courtney) M C Chapman 883 . J CarteflE 

13 0243041 KHJMANJAPO BOT (J Crapj R J Wteams 4-8-3 CBomfmher (5) S 

(G Jones) G Gracay 4-8-3. S Mundy (5)14 

Hams 9-8-3 NON-RUNNER 4 


310/06 ASSAIL (USAUD) (Mrs M Masten) M Bolton 983 
0200-00 BOLD CONNECTION (E AdOSOn) M Ryan 5-93.. 

300/000 CAUW (J Davis) J Glow 5-9-3 

0234-20 ROYAL HALO (l/SA)(D) (Mrs 0 Can^toeS) G Harwood 5-9-3, 
00/0000 TURCY BOY (J Hurat) H Hows 5-9-3 


B (J Cr 

16 00 OBL DE TlGHE (B) |FR) ( 

17 0/00 OVERULE(H Price) ST Hams! 

19 40-3000 VIA SATELLITE [B Munro-Wiison) R Simpson 4-8-3.. 

S Quern 13 
. S Hfi (5) 7 
DD'Arcy 3 

Usher 8-9-3. 

_ R Guest 2 
-P Cot* 10 
, D McKay 7 

30-0000 NICORfDGE |G Wragg) G Wragg 4-9-3 

000- 000 PORTOGON (C4J) fTMarshaa) M l 
032-000 BLAZE OF TARA (B) (P Myarscough) G Prwchard-Gorfon 5-9-1 

WR Swinbum 4 
ft CochnHtB 6 

01- 0000 GUR7EEN BOY (C) (T CraWfcxd) R Hannon 4-6-7 .“ A McOonefl 

_. A Tucker (7)1 

W Carson 3 

000004) SAMS WOOD (D) (H WrighQ M Tompkins 5-8-12.. 

14-0013 GOLDEN SLADE (C-0)|8F) (M McCourt) M McCaurt 44-6, 
12 33211-1 GRANNY'S BANK (D) (J James) W Hasonoa-Bass 4-8-6 — 
14 00-4003 EVEHY EFFORT (DJ(M Kkrin) R Holder 4-8-0 

20 02-0000 CHARISMA MUSIC (Mrs J Hoad) R Hoad 4-84.. 

21 020-000 PEOUttA^IK Bahop) AHta 4-80- 

22 032440 MISS! 

5 (C Frawin) R Hannon 4-8-0 

NEOCENE (Mrs E WUams) J O'l 

0 ROMAN TRACK (Mtss J VWtansn^M^^ Bower 4-8-0. D McntgpmefyJS) 9 


G tong 6 

P Bret! 15 

R Pertm (S) 1 
R Own (5)2 

25 00000-0 TAFFYS PRIDE (B) (I Wanfla) I Wardte 4-8-0 

) WHaoisB 

6-5 Royal Halo. 5-2 Bold Connection. 6-1 Miss Monroe, 8-t Via Sateuia. 14-1 
Harbour Bazaar, 16-1 others. 

FORM: ASSAIL (10-0) 10th beaten over 121 to Heart Of Stone (84) 1 » ran. Ungftokl 1m 2f 

h'cap good June 3. ROT ' - - 

h eap heavy 

8 DIMM (3)5 

11-8 Granny's Bank, 100-30 Dog matte. 5-1 Realy Honest 8-1 Golden Slade. 12-1 
Every Effort 14-1 Blaze Of Tara. 16-1 others. 

FORM: REALLY HONEST (8-8) unotaced to Pemra Wak (9-11) 23 ran. Kempton 1m 
h'cap good to firm May 5. DOGMATIC (8-7) 7th to MaazfjB-O) with GURTEEN BOY (7-6) 
6th beaten 6ftl. 9 ran. usom 71 h eap good June 4. PASTICCIO J9-«] 2nd beaten 1 W to 
Camtoean Sound (8-3) 6 ran. Doncaster 7f h'cap firm May 28. GOLDEN SLADE (8-11) 
3rd beaten 3) to GRANNY’S HAteC (8-11) 16 ran. Newbury imapp'ca h'cap good June 
12. EVERY EFFORT (8-4) 3rd beaten 2 1 to Aventmo (7-7) 11 ran. Sandown tmh'cap firm 
June 14. 


4.0 MOULSECOOMB SELLING STAKES (2-Y-O: El .702: 6f) (8) 

00 PRINCE MAC (B GR) VY Kemp 8-1 1 P Cook 5 

3YAL HALO (9-Sj unplaced to Nebns (9-8) 19 ran. Epsom 1m 21 
,vy Aor 22. earner ROYAL HALO (9-3) 2nd beaten a nk to Thatchlngly (8-3) wnh 
BOLD CONNECTION (8-12) 5th beaten B. and KSLMANJAHO BOB (7-13) mt beaten 
10 v il. 22 ran. B 
2 nd beaten mt 

MONROE (9-2) unplaced to Aventmo (7-9) 19 ran Newmarkatlm h'cap good lo firm May 
ATEUTE (84) unplaced to Easy Day (9-1) 20 ran. Lingfieid 7f h'cap good to sort 

im 2f app'ce stks good to soft Apr 10. HARBOUR BAZAAR (7-1 
WeO Covered (9-7) 12 ran. Leicester im 21 h'cap firm June 9. " 

3l. V1ASA 
May 9. 

Selection: ROYAL HALO 

034 ROAN BEEF (B) IMriNMacauteyl Mis NMacautey 8-11 Qay KeAeway (5) 3 
THE CHIPPENHAM MAN (J Ratcfitie) M Tompkau 8-1 1_. ‘ 

00 BALLANTRAE 1C Cory) R Voorspuy 88— 

01 GOOD TIME GIRL (C) (D O'Bnen) R Hannon 88_ 

m KAMSTARID Leste) D Irak* 88 

. R Cochrane 7 
M Roberts 6 
A McGkmeA 
T Quin) 2 

Brighton selections 

By Mandarin 

2.0 Royal Halo. 2.30 Run Little Lady. 3.0 Redden. 3.30 Granny's 
Bank. 4.0 Good Time Girl. 4.30 Music Review. 5.0 Transcendence. 

By Our Newmarket Correspondent 
2.0 Bold Connection. 2.30 Run Lillie Lady. 3.0 Minus Man. 3.30 
Granny’s Bank. 4.0 Lady Sunday SporL 4.30 Music Review. 5.0 

Michael Seely's selection: 3.30 GRANNY’S BANK (nap). 


LADY SUNDAY SPORT (RoUrate Lid) N Calanhan 88__^_. 5 Cauthen 1 

000 PUUANDE5E (B) (R Warren) R Hoad 6-8 B Rouse 8 

1-2 Good Time Girl. 4-1 Lady Sunday Sport, 6-1 Roan Reef. 10-1 The Chippenham 
Man, 14-1 BaMantrae. 16-1 others. 

FORM: PRINCE MAC (9-0) last of 10 to Ease (94)). Brighton 5f sties good to DOR Apr 28. 
ROAN REEF (8-111 3rd beaten 31 to D orm esf on e Lad (86) 7 ran. Yarmouth Bf sal sties 
good to tern June 11. Latest (8-1 l)4th beaten 4Vti to NiiftyGntt (86)12 ran. Thirsk6f sM 
Stks firm June 17. GOOD TIME GIRL (88) won %l from Roma ' 
ton 5f sei 5lks good to firm May 29. KAMSTAR (811 (last of 
mouth 51 stks good to firm June n. 

Selection: ROAN REEF 

omany Lad (8-11)6 ran. Bngh- 
st of 8 to Wabarah ( 8 - 1 1 ). Yar- 

4.30 SHEEPCOTE HANDICAP (3-Y-O: £2,197: 61) (16) 

108030 tELAWE (B) (A firm) J Winter 9-7 . — WRBarinbomlS 

000-001 SUMMERH1LL SPRUCE (D) (Summertil Stud Ltd) E Bdvi 9-6 . G toug (7) 14 

240080 LYDIA LANGUISH (D) ( J Daws) R Hannon 9-4 A McOtooe S 

480000 LIGHT HILLS (W Amott) R Smpson 9-1 — S WMwortti 8 

340300 TAYLOR OF SOHAMFaytora of SohamUflID Leslie 80 G Starkey 16 

000-00 HARMONY BOWL (K ChOO) M Jams 813 T Lucas 9 

2.30 BEVENDEAN MAIDEN FILLIES' STAKES (2-Y-O: £959: 6f) (11) 

00 DOWNSVIEW LADY IB Marsh) A Moore 811 G Starkey 4 

0 JULIA SPRINGS (J Danksj M Usher 81 1 .. M Wjghaa 5 

UNtXMNG (W EBrsI J Wmter 811 - 

WH Swinbum 6 

0 PRODIGIOUS LADT fM Normarj W Janns 811 T Qumo 8 

RUN LITTLE LADY (USA) (Mrs M Burred) H Cecrt 81 1 S Cauthen 11 

3 SEULEMENT |G Want) D ArthJthnot 81 1 — J Wfcna 3 

43 SHUTTLECOCK GIRL (H Steckrrwsi) W Jarvis 811 R Cochrane 10 

STRATHBUUE (A Strothers) J Duntoo 81 1 W Carson 9 

800 DIVINE FUNG (T Gregory) GLOWS 812 
0082 MUSIC REVIEW (W jams) W Jams 8f i — 

S Cauthen 3 

R Cocteane 2 

008000 DELTA ROSE I Mrs F Harris) C Benstead 810 B Rouse 1 

408030 LEFT RIGHT (B) I Mrs P Cowevl Mrs N MaeaulBy 88 — Gay KHtowsy (5) 7 

100800 FANCY PAGES (R Coomoe) Pat MrtcnaH 86 J ReM 11 

300800 PADDINGTON BELLE (Miss D Jarvis) B Stevens 88 — 15 

410008 PERSIAN BAZAAR (Mr* C Foote-Forsterl P MSChed 84 T WBtams 4 

00-4000 SEQUESTRATION (A fiiciwrds) C Austin 84 A Clark 5 

008000 ATHLETE'S WEEK (B Roomson) J Speanng 80 M Roberts 10 

030000 NANOR(D)(T Honan) W Kemp 7-1 3 W Carson 12 

0 SYSTEMS GO (Systems Go Ltd) G Pntclwrd-Gordon 811 J Reid 2 

0 THOM PE D-OEB. (N yiasoum) J W Pa>ne 81 1 NON-RUNNER 1 

00 YAVARRO (P Goutendns) D Lang 811 P Cook 7 

1811 Run Little Lady. 7-2 Seulemem. 81 Shultiococfc GwL 7-1 StrathWane. 12-t 
Lingering. 14-1 Systems Go. 181 others. 

FORM: DOWNSVIEW LADY 1811) 7th beaten 9'4l to My Isabel (811)9 ran. Safisbury 51 
stks soft May S PRODIGOUS LADY (81 11 13th to Upper (8-8) 17 ran. Thtrsk 5f Stite firm 
May 31 SEULEMENT ( 811 ) 3rd beaten 7) to Interval (811) 11 ran. Newbury 51 stks 
good t o sort June 11. SHUTTLECOCK GIRL (81 1) 3rd Deaten II to Pen Bal Lady (811) 
wrth SYSTEMS GO (811) 5th beaten 5Y.1. 14 ran. Leicester 61 stks good May 26. 

3 JO PEACEHAVEN HANDICAP (£3,135: Im 2f) (15) 

2 084410 THE GAME'S UP (B Chase) PHaslam 5-88 (5e*l TWttama9 

3 140081 REDDEN (C-D) (j Honeysettj M Bonon 89-7 S Cauthen 15 

4 00304-0 TIMBER MERCHANT fT Watermam J Winter 5-94> T Oumn ID 

D01»-0 LEONIDAS (USAKC-D) |G Ward) D ArtXjJhnol 883 W R Swinbum B 

OY1-000 MARSH HARRIER (USAMC-D) (F H<SI A Moore 880 P Cook 12 

01 MO-0 TRUE WEIGHT JMrs J Cundyl M MadgwKh 4^-12 R Carter (5)5 

... “ IC-O) rfl Soeyer) H 4-83 D McKay 4 


81 Muse Review. 81 Harmony Bowl. 7-1 Summertmi Spruce. LwSa Languish, 81 
Heiawe. Lwra HSls. 181 Left Right, Taylor Ol Soham. 12-1 Drme ring. 14-1 Persian 
r. 181 t 





11 _ 

12 02-3000 HEATHGR1FF ID) iD GntWis'i N CaUghsn <-82 B Rouse 7 

13 4M/803 XARNATAK (Mis P Joynwi J Soeaimg 882 M Roberts 14 

If N*MfyS_AAAN (CXBF) (whrtnng ComnxxJmes) W Holden 87-11 ML Thomas 2 

FORM: HELAWE (8-81 5th beaten 5^1 u Respect (9-7) Bran. Sandown 5f h'cap good to 
hrm June 13. SUAMERHILL SPRUCE (9-4) won well 10 from Pendor Dancer (9-7) 17 
ran Ripon 61 sell h'cap oooa to turn June 4. Lydia Langush (7-11) unplaced to Sharpen) 
(9-31 14 ran Newbury fi h'cap good to sort Jims 11. MUSIC review (9-7) 2nd ran on 
wed beaten 4W1 to Chautauqua (9-31 with Pendor Dancer (9-1) 3rd beaten (it nk. and 
LEFT RIGHT |813) 5th beaten 3*.l. 17 ran. Cattert* 51 h eap firm June 6. NANOOR (86) 
6th beaten 4j to Sahara Shadow |82) 20 ran. Salisbury 7f self h'cap good June 3. 

SJO HOVE MAIDEN FI UJES STAKES (3-Y-O: £959: Im 4f) (11) 

1 380 ALCHAASIBYEH (USA) (Hamdan Al-Makmum) H Thomson Jones 811 

AMunay 3 

6 80 DERUTA (FR) (Hyppokiene Esabssmera) R Johnson Houghton 811 

M Roberts 5 

DOUBLE TANGO (Mrs B Dawsl R Holder 811 SWMtwonbll 

180002 MARSOOM (C-D) (A SperarjH Beasley 4*3 — 

008040 FOBOVING (Mrs M Si evens) B Slevarrs 4-83 . . 



3-44 ENZELIYA (H H Aga Knani fl Jomson Houghton 811 S Cauthen 7 

02-333 HUSNAM (USA) (9rei ** “ 

nkh Mohammed) L Cumani 811.. 

JOUE PELOUSE (USA) (K Abdulla) G Harwood 811 . 
0 KRISWICKrRK'rsteailJ Dunlop 811 

R GuestS 
G Starkey 1 

W Carson 2 

20 00/0004 SWEET ANDY (C Harvey) G Gracey 7.7-7 

.. 7-2 Kamatak. 4-i Reodan, 8t The Game's Up. 81 Marsoom. 8l Lao™d8s. 181 
Minus Man. 12-1 Timber Meronant. 14-1 others. 

,2ni w Pntnacfl (7-iZ) 32 ran. Ascot Hunt Cop h'cap firm 
June 1 8. THE GAMES UP (82) won wed 2J from Any Business (86)17 otT W ar- 
'%**}? * h “P 9 ooa to hrm June 7. TIMBER MERCHANT (88) 7m beaten 41 to Atoka 
L m 21 h '=aP good to firm June 10. REDDEN (9-8 won '41 from 
\r* r \- Bnnhton 1m» h capgood to hrm May 28. MINUS MAN(7-I3) 
3rd beaten 6M to Hard As iron (83) with FORGIVING (810) 6m beaten mi. 19 ran. 
Nottratiam Im Zf h eap firm June 16. XARNATAK (182) 3rd beaten 3WI to Vague Mef- 
sSfieilnTOE GWaraS» lm 9 ood to tern June 7. 

383 NO DOUBLET (USA) (SheAti Monammed) B HAs 811 P Cook 10 

80 ON THE AGENDA (Shaun At Abu Khamsm) J Winter 811 — J Rwd 6 

02 STRIKE HOME (Makioum A! Maktoum) M Stoute 811 W R Swinbum * 

02 TRANSCENKNCE (USA) (R Trussek fir) 6 Kanoury 81 1 B Rouse 9 

15-6 Transcendence. 7-2 Husnan. Strike Home. 4-1 Joke Petouse. 81 No Doublet. 
81 Enwkya. 181 Aichaas<b 7 «n. 13-1 others- 

FORM: ALCHAASOHYEH (871 6th beaten S lo Rower Bowl (87) 17 nan. Lacester 71 
siks film June 9 DERUT A iB-m iSth to Golden Hmghts (9-0) 16 ran. Bath im 3> stks 

K l Apr 29. ENZELIYA (81 l>4m beaten 131 to Btsnan (8ttt 11 ran. Redca r Im 3! stks 
May 27. HUSNAH (94) 2na beaten tor to Saiou (7-7) 9 ran. Goodwood im 2th cap 
good to firm June 9. KRISWOC (81 1) 5tn beaten 8 *1 to Ftsawc Attair (81 1) 12 ran 
Sausoury im 2f stks soft May 8. NO DOUBLET (81 1) 3rd beaten 3) to Maoc Skpper (8 
lt)l 8 ran. Beverley im 21 siks good to firm June 3 STRIKE HOME ( 8 H 1 2nd beaten Kl 
to Kenanea (8»l» i" ran. Yarmouth tm 31 stks good lo trm June it. 
TRANSCENDENCE 1 87) 2nd beaten 5i 10 Gull Nook (84) with HUSNAH (87) 3rd beaten 
31. nk. 9 ran. York im 2f srksgooc May 13. 

Setection: TR4 

Saturday’s results 


2JM. Sanam (5-4 tevj; 2 . Mr Eats ( 81 ): 

3. Summerhtil Streak ( 81 ). 5 ran. NR: 
Capital Flow. 

2J0 1. JaitisU 0-2); 2. Milton Bum (8 
1). 3. Morgan's Choice 112 - 1 ). Revest 4-1 
fav. 12 ran. 

80 1. Orient (3-1): 3. Treasure Kay (18 
t):3, Dutfin Lad (12-1). Respect 11-4 fav 
‘ 9 ran. NR Luna Bid. 

3JS 1 . S adee m (13-8); 2. Damshgg- (8 
faw: 3. Hfrghlad (11-2) 4 ran. NR. 
(erano. SenorTomas. 

15 ran. NR Luna Bid. 

3^5 1. Sadeem { 



AMI. vrenora ( 82 ). £ Roys) toff (T8 
1): 3. Riyda (81j Holbrooke Sutton 7-2 
lav. 12 ran. 

4-40 1. Mountain Memory (20-1); 2. 

Simple Taste ( t t-4j: 3. Rainer Homely (18 
1) Cacnonama 1M1 lav 5 ran. NR: 
Lightning Due. 


2.15 1 Green's Herring (82 tev) 2, 
PrBnser V««jj4-lj: 3 . Fm£x Design (18 
1). 8 ran NR-Tou&r 
ZA5 1 . Ktoyer (81) 2. High Port (7-1); 3. 
Gods Law (2-1 taw. 13 ran; 

115 1. CmH (81 rt-fav). 2. Madraco (7- 
1): 3. kwoour (12-tV The MeaaH. 
Menodk Adventure 81 r 4 ms. it ran. 

3.4S 1. Geld Anweer (Ip-IL- a. Lomem 
(12-1). 3. Manvfl (1811. Aiqel Oranmer 
11-8 lav. 14 iSA. 

4.15 1. Rushmoor (9-1); 2, Markon (8 It 
3. Peaav Carolyn (3-1 law. 12 ran. NR. 
Pater Marw. 

4j45 1. French Flutter (9-1); 2. Lisana 

(11-10 fav); 3. Butterfly Kiss (12-1). lOran. 

NR: The Canny Man. 

5.15 1. Ben Lad) (14-1); 2. Kyverdeto (4. 
1). 3. Pramief Lad (33-1). Leading Piayer. 
Infanta Maria 7-2 it-favs. 12 ran. NR. Bella 


230 1. Crottsr's Ctna (?■ !): 2. Scothsh 
Fhng (13-2). 3. wmsttetg Wonder (20-1). 
Inshrrah 6-4 fav 7 ran, 

3J 1. Ktesg Balladaer (188 favl. 2. 
MebW (82fc 5. Bo My Prospect (f f-l) 9 

3J0 1 .Windpipe (82). 2. Damdl (81), 3. 
Knights Secret |84 hv). 8 ran. NR; Try To 
Stop Me 

4D 1. Htoh Tension ( 13-8 lav): 2. 
MU (opens 112-1). 3. Moutons (82). 8 ran. 

O0 1 , Aawser (84 fev); z. Boynton (28 
11; 3. Comanchero (82). 6 ran. 

1- ^ >«" (95-40 lav); 2. 

Crammmg (9-4). 3. Sprmg FVgm (8H. 6 

Ungfield Park 

8301. Dream Launch (2 1 L*v): 2 . The 
Dominican (81|. 3. Tauber (811 10 ran 
7J) 1. Dormestone Ud (813 lavi. 2. 
Oeareray (11-4): 3. Mate Chi Lad (82). 3 
ran. NR: C*»re 6 Buck. ' * 

7.30 1. Ktarrana (12-1 (■ 2 Sporting 
Sovereign (811. 3. Blow rhe wtusw (28 
i|:4.PeK4nBaBet(7-i) Aia»anf0 82 fa« 
18 ran. NR: Out CM Harmony. Northern 

8.0 1. Winter Words (186 favl: 2. No 
Jazz (1811: 3. James De Coomb? (7-2). 4. 
Swwt Anov |14-i). 16 ran 

830 1 . Rmah 13-1 E Z Cabral (33- T): 3. 
Dony (i 8 t). Paaotos 7-4 1 * 1 . f5 ran 
90 I. Wassl Reef (IM): 2. Russian 
Loqe ( 11-10 ta*i: 3. G 3 «aon ( 8 I 1 . 7 ran. 
NR Gods Parrs. Sure Ground. 


830 1. AbsatauH Hea-en (7-a 2. 
Ardnacross (188 lev); 3. Piaiuc (I82i 5 

7.0 1. PuJhem MBs (i8t). 2. Sanapcur 
(2-1 lav): 3. Ninac (<8H 14 ran 

7 JO 1. Spun Gold (7.41. 2. Mapc 
Slipper (4-6 favL 3. A) Ud Huwajn (9- 11. 3 
ran NR- Shatmyda. 

80 1. Musk Machine K-t f&vc Z Mra 
Sauga l'4-tf. 3. Hums/ (20-ij: 4. 
Snndnten Palace 19 ran. NR: 


830 1 . Tough N Gentle (4-5 lav. Z 
Tnpie Entente (84). 3. &other Patrick (18 
2) 6 ran. 

80 1 . vague Melody (821. 1 Test Of 
Time (U-l); 3. Mondara Trophy (181). 
London Contact 2-f fav. 6 ran. 

Leaders on the Flat 


n M it • 





38 28 14 




33 21 23 



G Harwood 

30 17 10 


+ 7.78 

J Diirilao 

25 15 19 



M Store 

21 22 16 



HT Jones 

21 10 10 




19 29 25 



ft Hannon 

19 29 14 





ra te to mpb 



Pe: Eddery 

53 39 » 


+ 16.71 

S Ca-Jtnen 

48 53 44 



W Carson 

43 41 44 




33 36 34 


-73 72 


33 25 21 



C Starupy 

32 23 20 




29 35 30 



WRSuKtouro 27 30 26 



• Lesicr Piggoti followed his 
Coventry Stakes mumph by 
saddling a double with Tough N 
Gentle and Vague Melody at 
Warwick on Saturday evening. 


Going: firm 

Draw: 5f-6f, tow numbers best 

O: £1,064: 6f) (9 runners) 

3 0 MASTER POKEY MW Eosterby 90 MBM>6 

4 3330 TAKE EFFECT M Brutal 9-0 KDarieyl 

7 0 DOHTY BABY MWEasterby 811 KHodflMnl 

8 EPPYMARNENCW Gray 811 I Johnson 2 

9 330 FALDWYNTBV811 NCwMe9 

11 2304 HAZELS ML A Madwar 811 R Morse (5) 5 



12 0 WSS DUMANTE (B) E Alston 81 1 A Proud 7 

13 0000 PREMHJM OOLD K umaigham-Bnwn 81 1 ~ Three 4 

16 0202 SURB.Y GREAT D Thom 811 GDuffiMdS 

7-4 Surely Great 84 Taka Eftaa. 81 Haul's Girt. 81 

FaMwyti. 11-1 Premton Gold. 181 Master Pokey, DoMy Baby. 

Pontefract selections 

By Mandarin 

2.45 Surely Great. 3.15 Famine. 3.45 Examina- 

tion. 4. 1 5 Sound Di fiusioo. 4.45 Lyphlaw. 5. 1 5 AI 
Zumumid. • 

By Our Newmarket Correspondent 
2.45 Surely Great 3.45 Brown Bear Boy. 4.15 
Love Walked In. 4.45 Bolero Magic. 5.15 AI 

Michael Seely's selection: 4.15 Easy Kin. 

IT Boron 5-810 ThmIO 

) A Baby 388 

P BfcmmfitKI 9 

11 0000 WtH ST E RS PEAST M McCormack 383 H Wonham 7 

13 2240 NOSE DK3CJNS TO R HoStrisnesd 4-8 1 — WfhranB 

14 -000 PmSTAR (B) A Bating 5-81 AMacfewB 

17 DUO TSENTIAljOklEBRBmorid87-7SPGrtfBhaffl5 

18 -0Z0 POKSffAYES (B) (USAHD) B McMahon 7-7-7 ^ 

NCMW 11 

19 800 TYDOLYEYETYE (B) (D) I Vickm 87-7 MFry3 

9-4 Sharfle’s Wimpy. 81 Examination, 9-2 Gods Solution. 
11-2 Rosie Detains, 7-1 Brown Boar Boy. 81 Mary Manure, 

4.15 PONTEFRACT CUP (Handicap: El, 741: 2m 20 


2 2210 SOUND DIFFUSION RWMWar4-98^Bs ^^ | ^^ < 

3 448 ARBOR LANE R Boas 887 EGnaxt(3)2 

4 0024 JOGT ffl) mil Ptascolt *86 GDiABMdB 

5 3104 LOVE WAU®) 01 W HcW«n882 RMonw(5)3 

7 0100 CMBU (U5AXDII Bakflno 18812 PafEddeiy? 

9 804 ALFff WCK8S R Hoftnshttad 8-87 WRymlO 

10 0/00 BALUCHI (B) B Procce 887 JLowtt9 

12 0001 EASY ION (B)R Peacock 4-87 (3ex) _ ._ JQu«i(5)4 

13 008 WWGS OF 7NE MORN FYartfley 8-82 —5 

14 00/ DEVIL TO PLAY J P STOth 1082 AMackayl 

16 0 ASCBBHOOR S Bownng 7-6-2 A Proud 8 

84 Easy Kin. 81 Love walked In. 9-2 Cheka. 11-2 Sound 
Diffusion. 7-1 Aide Dickens, 81 JobL 181 others. 

CHAMPIONSHIP (3-Y-O: £2,407: Im) (14) 



. ! (USA) H Coed 94L 

CABI DETHYL O Onseb 9-0 


51) (10) 

2 4421 FANTTME W N Tmkter 813 

4 0100 ROSE DUET ffl)T Barron 813. 

5 MOO BOOTHAM LAD M Brittain 811 

7 0 GUNSH1PB McMahon 811 — 

9 00 MAYBEMUS1C W Madao 8t1„ 

. tom Tkikter (5) 3 
T Ives 4 

. M BwcroR5 
_ W Ryan 12 


. GDofRaidZ 

G Baxter 13 
J Loire 6 

_ K Dailey 8 

NCaiUe 9 

11 4002 PERTAIN (B)W Wharton 811. 

ABA POUND M Camacho 811 NCwnertonlO 

14 00 BOUND 

17 0800 DEAR DOLLY Ron Thompson 8-8. 
19 0000 LATE PROGRESS J Berry 88 

21 0 WILLY'S NECE A POOS 4-8.. 

I Johnson 5 


M Fry 9 

. S WefastarZ 

7-4 Fanune, n-4 Pertain. 100-30 Roea Duet 81 Late 
Progress. 81 Bootham Lad. 14-1 Maybemuslc. 281 others. 

3.45 C S L TRAILER HIRE HANDICAP (£2,641: 6f) 

( 11 ) 

2 -024 SHARUE*S WMPV (Of) W Pearce 7-87 HMndtey(3)1 

3 2330 BROWN BEAR BOY (USAND) R Armstrong 4-81 

Pat Eddery 4 

6 0032 MARY MAGUflE(D)DW Chapman 9-81 ID Metals 2 

1 -020 AFFAfTAi 



7 CARR WOOD M Prescott 9-0. 

8 02 EAGLE DESTWY (USA) I Battng 80 

9 00-0 FACTOTUM B H*s 9-0 

13 80 LYPHLAW J Duntop 9-0 

15 48 NORHAM CASTLE NGasalBa 90 — 

17 0000 PAULS SECRET Denys SmMl 90 LChamock 14 

18 908 POOSKMO R Boss 90 EGaeP(3)1 

23 -230 THRESH IT OUT (BflM Stoute 90 — M Btrch 4 

30 090 OOOL MUSIC Jinny Fitzgerald 8>f — DMdnlcfO 

32 48 MtURACEH (USA) M Jarrta 811 WWooda(3)g 

35 SYB8LY C Booth 811 JMatHreS 

81 Thresh N Out 81 
Bolero Magic. 81 MBracer. T 

5.15 BATLEY HANDICAP (£2^95: Im 2f) (6) 

1 0022 GOLDEN FANCY (B)(BF) I Vktara 8810 

R Vktare (7) 5 

2 308 GRSD Denys Smith 5-9-2 DNktahl4 

4 122 ALZtMJRRUDR Armstrong 3812 PMEddeiy2 

6 0000 NUGOLA Elncisa8M MBeecrofll 

10 /008 STRICTLY BUSINESS R WNteker 87-13 D McKeown i 

13 0000 SOUND WORK W Bentley *7-9 LChemocfcS 

1811 AI Zummurrud, 11-4 Goldan Fancy. 82 Greed. 181 
Strictly Business. 181 Nugola. 281 Sound Work. 

Destiny. 182 IgpWaw^l 

1 Factotum. 12-1 


Going: firm 

Draw: high numbers best 

£959: Im 11) (15 runners) 

2 03 AMCRAFT1E (USA) B Hits 811 B Thomson 15 

3 8 APRIL FOX R Holder 811 A Dtefca [7)2 

9 840 G)RDLE NESS J Dunlop 911 BCw*itey8 

11 00 GLA2EPTA FINAL (B) X Bridgwater 81 1 ~ P D'Ar^12 

7.40 TIM GORDON HANDICAP (£2,586: 5f) (10) 

1 3200 CUE BAY (D) J Spearing 7-10-0 W Canon 7 

3 0032 SPACEMAKEH BOY (C-D) R tachots 887- N Howe 2 

7 0-00 VALRACH R HoBnshead 4-89- 

.- S Perks 9 

20 0 UNASHG Wragg 811 S Bridle (7) E 

22 800 MKS ARON DMbutnnot 811 P Wallace 4 

29 PSYLLAH Cerf 811 — W Ryan 13 

30 800 OUSN OF BATTLE M Ryan 811 PRottBwonS 

31 8 QUITE A QUEST B McMahon 81 1 JMta(5)10 

32 80 RATTLE ALONG PWahryn 811 PaU Eddery T 

33 0 ROHAA R Johnson Houghton 81 1 P Hutchmaon 1 

36 080 SHEER LUCX | Battng81 1 PWildran8 

37 SLY WHEELER B Hartary 811 —14 

46 80 WELSH PAGEANTRY M /ante 811 T Ives 11 

47 33 WHILE IT LASTS (USA) L Cumani 811 P HambteM 3 

5-4 Psyfla. 4-1 While tl Lasts. 81 Aircraft*. 81 Unash. 10- 
1 Sheer Luck. 14-1 Raima. Welsh Pageantry. 181 others. 

Wolverhampton selections 

By Mandarin 

6.10 Rattle Along. 6.40 Polly's Song. 7.10 
ACTION TIME (nap). 7.40 Divissima. 8.10 
Bacchanalian. 8.40 Temple Walk. 9.10 Pasticcio. 

By Our Newmarket Correspondent 
6.10 While It Lasts. 6.40 Cheveley Choice. 8.10 

Silver Ancona. 8.40 Tory Blues. 9.10 Pasticcio. 

Michael Seely's selection: 7.40 Celtic Bind- 









£996: 5f) (9) 

2 0 AVENttORE STARE Wheeler 811 W Wharton 4 

0 CHEVELEY CHOICE J Winter 811 PWaMronS 

0 EASTERN PRINCESS M Usher 81 1 MWtataal 

GONE FOR TT R Howe 811 -- PDVticyS 

0 NEEDWOOD NUT B Morosn 811 .... BCroutey3 

NON-FICTION KBrassey 811 .. N Adams 9 

PENBREASY R HoSnshaad 811 S Perks 6 

4 POLLY^ SONG B Hitts 81 1 B Thomson 7 

0 SPANOH SKY (BF)N Vigors 811..— _ RCwmit2 
2-1 Pgays Song. 11-4 Qwvetey Choice. 4-1 Spanish Sky. 
81 Needwood Nut 181 Non-Fcnon. 14-1 Eastern Princess, 
181 others. 

(£776: Im 6f 1 10yd) (16) 

1 OU00 ACTION TMEP Malun 9813 B Thomson 15 

3 -322 TRACK MARSHAU.JDJ Daws 4-87... M Wlgham 2 

4 oooo MASTER FRANCIS MBtensharo «-86 - - N Adams 12 

5 0O-O VIDEO 0 Brennan 4-84 - ttfircmae(7)9 

7 DIMfi (XUED0 IB) (CJM James 5-81 Shamm Joan 4 

6 008 THATCWT B Preece 891 N How 8 

9 408 REUA CQCCMEA (B)WQ Turner *-81 . J Scatty J7) 6 

10 0230 VERBAD MG (B) (USA) S Norton 89 1 J G Murray (7) 13 

It 2/00 PURPLE F Jorflan 5-91 — 11 

12 800 FLOOA8AY(B)GTnom8r9813. JWHUnsS 

13 008 GWHJJM ENTERPRISE E8) A Jurtre 4-8H. - — 3 

It 304/ UPLAND GOOSE P Rohan 5-810 D4Bchetts16 

15 OOPO KARAMOUN (USA) DAntf 8810 ... - PRoblnanl 

16 40/0 BEAU NAVETWQ Tumor 8810 G Dickie 14 

17 008 HONG KONG VENTURED Watte 4810 CMcNemoo 10 

T8 (OOD AMIES VOEORHakfer 8»4 IJahnsM7 

7-2 Track Marshall. 82 Verbadmg. 11-2 Action Time. 7-1 

Ouedo. 6-t Master Francis. 181 Retta Cocdnea. Upland 
Goose. 12-1 Video. Tbatcntt. i4-i otnara. 

9 0000 KAREVS STAR (C-D) D W Chapman 988 D MehoOa 3 

11 31-0 DflRSSMUG Lewis 4-84 P Waldron 10 

13 0002 CELTIC BIRD (D) A Baking 682 A Mockay 4 

14 -003 SCH1AA ffllH 0 No* 87-12 — NON -RUNNER B 

15 800 FUST EXreRlENCE (D) P Felgate 87-12 MFiyS 

18 -000 RUSSIAN WMTER (B)(D] A W Jones 11-7-7 N Caribta 1 

19 800 SHARAD(B)(D)B Stevens 87-7 N Adana 6 

84 Cede Bird. 11-4 Specamaker Boy. 81 Cree Bay. 11-2 

Divissma, 7-1 First Experience. 181 Mhos. 

C&G: £797: 7f) (10) 

2 00 BACCHANALIAN BHUs 90 BTfwnaai7 

3 04 BAOOGUO (USA1L PttJOtt 9-0 BCrosstey 10 

5 0 BUS HENRY R Boss 80 E Guest (3) E 

8 CASTU HEIGHTS fl Anrwrong 90 — 3 

12 FORTYNWERDArtiuifKiorS-O PWataeeS 

15 0 H080UHNES PERCY R HoSnshead 90 S Parks 2 

19 0 MASTER KHOWALL ffl) D Thom 90 S Webster 1 

25 343 SSLVEH ANCONA E Ban 90 A Hackly 8 

26 3 STORM HERO (USA)(BF) M W Dddnson 90 

R Cochrans 9 

27 TOUICA LAKE L Ptggod 9-0 Tires* 

11-10 Storm Hero. 81 Badogio. 81 Silver Ancona. 81 

Bacchanalian, 181 Bias Henry, 181 Toluca Lake. 181 others. 


O: £959: Im 10<14) 

5 CANADIAN GUEST H Candy 8t1._. TwamS 

10 080 GLAO&I LASS (to (USA) B H£s 811 R Semi 4 

14 -2D4 HOT MOMMA fl Bees 8 M E Guest (3) 7 

T5 -230 INDIAN LOVE SONG R HoCnsnead 811 _ .. S Peria 9 

16 030 JAME-0 M Ryan 81 1 P Robinson 12 

17 4-3 KALAHDARtYAH Johnson Houghton 811 

P Hutchinson 14 

?« NICE PRESENT (USA) R Armstrong 81 RCMst 5 

26 00 PLADOA PRMCE5S PMskki 811 TCMnl 

35 0 SCARLET DANCER (USA) ODouteb 811 

R Machado 13 

38 280 SUNLEY SAINT PWalwvn 811 Paul Eddery 2 

41 0-40 TAJS TOI M Feffiersmn-Gotltev 81 1 RHRsS 

42 -300 TAMALFAIS H CoAntyidoe 811 MRknmsrl 

43 8 TEMPLE WALK W Hem 8ll W Caron 11 

45 TORY BLUES A Stewart 811 H Roberts 10 

81 Kaundarrya. 10830 Suntey Saint. 7-2 Hoi Momma, 82 

Indian Lore Song. i2-i Jarre-O, 14-1 Glaaer Lass. Temple 

Walk. 20-1 Scarlet Dancer. 281 others. 

9.10 DAISY BANK HANDICAP (3-Y-O: £2,777; Im) 

1 -322 PASTICCIO (BF) M JanrtE 87 TEvesS 

3 110 MY KIND OF TOWN (D) R J Wtaiams 85 RCodvaneS 

5 1200 PSJLMKO E Ekttn 91 ..AMackaylO 

14 008 REDM7HEM0RNMGSChnsttan84 RHIUaS 

t5 2030 FARAG (U8A) P Wahwn 83— Paul Eddery 8 

16 830 ARE YOU GUILTY U Ryan 82 P Barnard (7) 3 

17 -00B ON TO GLORY J DurYoc 81 W Cnee 7 

18 2040 NATCHAKAM(RD«F)GLnre8l P Waldron 4 

22 -000 M0RSTRAIUS (BJTUSA) P COte 7-10 „ T Quran 11 

23 800 TWKKNAH GARDEN PFeleau 7-10 MFfyS 

24 -030 STANGRAVE (H) R BOSS 7-10 — ..... TWHHama 1 

1 00-30 Natchakam. 7-2 Paaticcto. 4-1 Pefllnlio. 81 My Kind 

of Town. 81 Are You Guriy. 8T On To Gory. 12-1 MMstralEs. 

14-1 Farag. 281 otters. 

• Mountain Memory, winner of (be Halifax 

Maiden Fillies' Stakes at Ascot on Saturday, was 
following in the footsteps of her half-sister. 
Forelie. who made a successful debut in the 
corresponding race three years ago. 


All Blacks 
call up 
nine new 

By David Hands 
Rugby Correspondent 

The famed strength in depth 
of New Zealand rugby will be 
severely tested in Christchurch 
next Saturday when the All 
Blacks play France with a team 
including nine newcomers. 
Thev have been forced to such 
measures by ihe ineligibility of 
the 31 players who made up the 
unofficial New Zealand Cava- 
liers tour to South Africa during 
April and May. 

The New Zealand council 
have not yet concluded their 
investigations into that tour but 
when thev meet next, on July IQ. 
they will' have a better idea of 
how. what amounts to their 
third team, stands up to inter- 
national rugby. Looked at cyni- 
cally the possibility of a longer 
suspension for the unauthorized 
tourists would remain easier by 
the knowledge that their young 
men will not disgrace their 
country when the Australians 
visit later this year. 

For the time being next 
Saturday's game represents an 
unexpected opportunity for 
experienced provincial players 
such as Stanley. Boroevich and 
Earl, who may have thought All 
Black honours were passing 
them by. and for younger men 
like Cooper. Wright and 
Brooke-Cowden who looked as 
though they might have to wait 
longer for their turn. 

Only Kirwan. Stone, Kirk and 
McCrattan have represented 
New Zealand against other 
international Board countries, 
though Boroevich and Hemara 
have made representative tours. 
Auckland, the Ranfurly Shield 
holders, provide four of the 
backs, including David Kirk, 
upon wbom the captaincy de- 
volves and one of the forwards. 
Brooke-Cowden. Cooper. Mac- 
Pherson and Brewer all played 
for Otago against England last 
year as did the Aucklanders, of 
whom Stanley scored a try in 
their 24-6 win. 

Kirk's maturity was such that, 
when be moved to Auckland at 
the age of 23 last year, he was 
made captain whenever Andy 
Haden was unavailable. He won 
his first cap against England and 
took over the captaincy of New 
Zealand's sevens sides when 
Wayne Smith was injured in 
March. He will come up to 
Oxford University this autumn 
as an .All Blacks captain, a role 
to which he would justifiably 
have aspired even if players like 
Hobbs or Shelfond had been 

NEW ZEALAND (v France): G Cooper 
(Otagot: J fGrwan (Auckland/. J Stentey 
(AucKfciiiO), A Stone (Waikato). T Wright 
(Auckland): F Battca (North Hartxwr). D 
KM (Auckland, captain}: K Boroemcft 
Country). B Hemara (Manawatu). B 
Snrtten (Wfeflmgton). A Earf (Canter- 
bury). G UaePberaon (Otago). 8 Kutvey 
(Watrarapa-Bush). M Brooke-Cowden 
(Auckland). M Brewer (Otago). 

has a 
field day 

Australia .. 
France — 

■ ■■aaaaMMH 



Michael Lynagh kicked 23 
points, an Australian record, to 
send his side to victory over 
France in Saturday's inter- 
national at the Sydney Cricket 
Ground. Lynagh, who set the 
previous best Australian mark 
in major internationals (21 
points) against Scotland during 
the 1984 Wallabies grand slam 
tour, landed six penalty goals, a 
dropped goal and a conversion. 

France scored three tries, their 
opponents one, but Lynagh kept 
Australia in control throughout 
the match. Blanco, the French 
full-back, added to his first-half 
try when he crashed through a 
tackle from Moon, the Austra- 
lian wing, to narrow the gap to 
15-10. La porte, a replacement 
for Lcscarboura, who went ofi 
four minutes into the second 
half with a head injury, 
kicked the conversion. 

Lynagh then added two more 
penalty goals before Sella, the 
centre, finished off a typically 
flamboyant French move lo 
reduce the deficit once more. 
But Lynagh sealed the match, 
landing another two penalties. 
AUSTRALIA: Trp Campese. Conversion: 
Lynagh. FanaRtaa: Lynagh (6). Dropped 
goat Lynagh FRANCE; Trios: Banco (2), 
Sefla- Cu iwn l o n: Laporta. 

AUSTRALIA: D Campeso: M Burke, A 
Slack (capi). M Cook, B Moon: M Lynagh. 
N Fan- Jones; S Tuynman. O Codey, S 
Poktertn. B Camptafi. S Cutter. A Mo 
Intyro. T Lawton. E Rodrigue*. 

FRANCE: S Sanaa P UgKquet P Sella. 
□ ChaiveL E Bomeval; J-p Leacatooura 
(rap: G Laporta). P Berbtder P Morocco 
(rap. P-E DetrezL D Dubroca (rapt). C 

Orwin leaves 

The former England lock. 
John Orwin, is leaving the 
Gloucester club and may give 
up rugby al together. The 32-year 
old forward, who has captained 
Gloucester for two seasons and 
led them to victory in the 
National Merit Table last sea- 
son. is moving to Bedford, to 
open a public house. 

“i am very sad about leaving 
Gloucester because I have had 
the best years of my rugby career 
with the club", said Orwin. who 
bought himself out of the Royal 
Air Force earlier this vear. 

"But I have to be practical. I 
cannoi play for Gloucester and 
try to build up a good business 
which is 100 miles away. But! 
cannot envisage playing for any 
other club after being at the top 
with Gloucester. " he said. He 
told new captain Malcolm 
Preedy in a telephone call that 
he would not be playing for the 
club any longer. 

“It is very bad news. He will 
be hard to replace." said 
Gloucester s chairman of selec- 
tors Alan Brinn. 

Pumas win 

Argentina opened their lour 
of Australia with an impressive 
39-7 Win over a New South 

? J^ V Y ester <toy. when 
aand-ofr and captain Hugo 
Porta kicked IS points to help 
The Pumas power to ■victory by ‘ 
running six tries. 




Ul Bw 
call ^ 


M ! ft J4 

4 « v 

: to?teit-; •-.- 
M *9Wv»ft ' 

* «PSr*n 

f.rj £ > 4; 
**;■* v*f.* 
*• '.'»LLrt 

* -VhM«« 

5* -;■■*-•. 

C 4*N 

■ -ES; 


■ r.„ ^ 

~xy *«! 



: ; >2aa 

;■. • '- r 

F - : -, • 
*'■»•'• '.* : r 
» T? ?"*■ 

1 <1; »:•"; 
’*<5-.- is; 

’ '• J,' 


: * - 
■» — 
-•! T. \ 


.- -:zs$ 

wK|. .’>*■ 


V ’ { "' “Si, 

:: *a2* 
-a a* V* tti 


fl* ^ 

v* : * 5 . 

s , 


■'C lh/N- . * 

• w Tre 
'•*>• \0| 





... ^ 

. ;; ^MCurh't 

- ' 

la “ 

' ' -Vilil 

•• ►bfes, 


• ’ •’ 



• ‘ .t r 



i 5 -•> • 

• ’• - -it, 


■- e«s- 


** •"» - 

■ Ti-.'n* 

r - -Jir 

• ••»• 

'"* 5 fa 
' •"•••■!« 
’«■ w-t TI 7 
’■-* -3K., 
' .' t ta 
" -«*« w.'JCl 
" ■■ • • * Sc > 
■*-- !*» 
V tertae 
>w v-. 


has a 
Held day 



•"/* > 

■ , -r 

- r\* 










iWW ’y 

... . * rajSv 

. • i vVi.*~.;.N¥V. ■i-; ?.;:'* . • v. .^ ; : ,. .••. •• y/. 


SeyenanoBallesKros, with- 
out iver -being placed under 
any serious-pressure from his 
rivals, appeared unusaliy inse- 
cure ‘as be retained the 
Carrolls Irish Open title on the 
Portraamodc coarse here yes- 
terday. . 

Ballesteros began the final 
round *dth a healthy five- 
stroke cushion but be lacked 
the authority to move further 
away from his field so delay- 
ing the point where, victory 
was finally secured for the 
third lime in (bur years. 

In fact be was compelled to 
bole single putts on five 
occasions on the outward Half 
after having dropped a stroke 
as early, as the second hole, to 
keep his score intact. 

Ballesteros, whose concen- 
tration was broken -time after 
time by the merest hint of a 
disturbance in the huge crowd, 
finished with a 74 so that with 
an aggregate of 285 - three 
under- par — be won by two 
strokes from Rodger Davis 
(69}. of Australia, and Mark 
Mobility (70), of South Africa. 

Ballesteros, who won the 
DunhtU: British. Masters two 
weeks ago, relied heavily on 


his putter as he holed from 
seven feet on both the thin! 
and fourth greens following 
wayward drives which had put 
him in the calf-high rough. 

Then be played a delightful 
chip to within, three feet to 
save his par again at the fifth 
and he virtually reproduced 
that shot to emerge with a 
three from the short 7th after 
missing the green to the left. 
Ballesteros had his first realis- 
tic. chance of a birdie at the 
8th, but he missed from nine 
feet, and he had to get up and 
down again at the 9th to 
salvage another par. 

Wayne Riley, the Australian 
who started the day as 
Ballesteros’s closest rival, nar- 
rowed his deficit to two shots 
by.holing from eight feet and 
then from 25 feet for birdies at 
the 4th and ■ 5th botes. 
However, be lost his momen- 
tum by taking three putts at 
the 7th and holed from 28 feet 
at the 8th to avoid dropping 
more than one stroke. 

The pressure of partnering 
Ballesteros began to affect the 
young Australian as he 
dropped shots at the 16th and 
17th, leaving' Davis and ' 

McNulty to rest- easily in the 
clubhouse in the knowledge 
that they would share second 

Davis, who won the Whyte 
Mackay PGA championship 
at Wentworth in May, fol- 
lowed an outward 36 with four 
birdies in six holes from the 
1 life. McNulty, out in 35, 
dropped his only shot of the 
day at the short 12th but he 
recovered in fine style to make 
birdies at the 56th and 17th 

For Ballesteros it was a 
victory which look him back 
to the top of the Epson Order 
of Merit. He won £31.699 to 
take his earnings in Europe 
this season to £103.654. 

less stated]: 265: S BaSssteros (Sp), 
68. 75, 68. 74. 2671 M McNulty (SAL 
74, 72, 71. 70; R Davis (Aust), 74, TS, 
71. 68. 29ft W flfley (Aust). 67. 78. 
71, 74; H Claric 74. 75. 70. 71; J-M 
CNazabal(Sp) 68. 78, 73. 71. 291.- R 
Lea 66. T9. 73, 73; G Turner (NZ) 71. 
76, 7Z 72; D Jones 74. 73. 73, 71; R 
Chapman 72, 79, 70, 70; G Brand 
TITtb. 7a 7a 293: 1 Woosnam 73, 
79, 71, 70. 294: B Unger (WG) 74, 
76. 70. 74; H Batocchi(SA} B9. 78, 
75, 74: P Senior (Aust) ea 79. 77. 
70. USSt R RafterW 70, 76. 74, 75; M. 
Roe 73, 76, 7a 74; V Somer (Aust) 

73. 77, 7a 73; A Murray 71. 78. 74| 



Little romance as 
New Zealanders 
take some practice 

Promising Top four riders to 

Looking formidable: Allan Border hits out dming his innings of 29 which gave Middlesex a 
good start against Essex (Photograph: Peter Llewellyn) 

by Britain 

stay together 

' / From Jim RaBton 
Ratzeburg, West Germany 

Britain enjoyed a highly 
successful weekend at the 
Ratzeburg Regatta, providing a 
good warm-up before Henley 
Royal Regatta and the Lucerne 
International when all the fop 
crews will take part. 

By die end of Saturday British 
crews had collected six wins, 
three: second places and a third 
before opening their account 
yesterday by taking the first 
three places in the men’s coxed 
fours with Leander across the 
line first Eight miniates later 
Nottinghamshire -County, with 
three New Zealanders on board, 
won the top men’s cox less four 
event- •- 

. Nottinghamshire included a 
substitute — but not a bad. one. 
Sipion Larkin seemed . to be. 
here, there and everywhere over . 
the weekend, .On Saturday he 
won the fop coxless four event 
and the second das* single 
sculls. -He woo die ooxies$ four 
yesterday but; having rowed and 
sculled a race too &r* finished a 
shattered sixth in the' Senior R 
single scu l ls. " 

The British men's heavy- 
weighr eight who M&. row as 
Nautilus rathe Grand at Heo- 
ley. twicewon decisively.- — - 
There was elation anasadpess 
for the British women’s coxless 
pair^On Saturday they not only 
beat the course record but a fop- 
class West German pair, yes- 
terday ithefr record • was 
surpassed and a tired Pauline 
Bird -apd Fiona Johnston had to 
be content with third place. 


EWtK 1.“.ARA (GBL 5mfrj 
CoadsM Fouk .1, NonWwmatiiiB County. 
Grain 8&53Bac- GmmJ Jowk 1 TOew&y 

SaAirs-MoieStW-VLEA. 6fl*i 47-S5. S«- 

gWaouav: t,PKot«(WG)7mln25-7fi8a<^ 
SSrtBr ft Shota ScufcT, S Lsrldn H3B) 
ftnin 1533. Lwtwvigbt 1. Prafluo Grain 
27-30S6C; 2, ?tat6nghw»Mr* Couity- 

LmmOar 6owi 2a.38sec- Woraon: Cond 

ton* 1. AHA (OBI 7mln 098BMC. 
Cwda« print: 1. AHA (GS).7ir«n 4833. 
VeriMriK Mm SwSor As Cm»d Pom 
1, Laamer (QB) Gmki 4Z20sea 2. 
Tidnwiy ScuHAra-MoiMDytaa, &43J»,- 
3. Tideway Soritore-Thimts Tradesraen- 
Extm, CoOmm hm 1, no t 

tlnghoiuMra County, &3Q 23; 2, Name 

7^1.11; ft rf&xxwW (WQt 7 j~ 

ByJermy MacArthnr 

The four riders who won the 
European team gold medal last 
year were named yesterday as 
Britain's .team for next month’s 
world championships .in Aa- 
chen. West Germany. There 
wore no surprises when General 
Sir Cecil Blacker, the chairman 
of the selection committee, an- 
nounced the four — Malcolm 
Pyrah, - John ' and Michael 
Whitaker and Nick Skelton. 

Ronnie MassareM®, the chef 
(ftiquipe, has made no secret of 
his wish to keep these four 
together. “Experience is whai 
counts in a championship,’* he 
said yesterday, “and you can't 
do better thantbese four riders." 

Pyrah is the most experienced 
of -the four. Riding Law Court, 
he was i member of the team 
whjcb won the gold medal at the 
World Championships in Aa- 
chen in 1978 and at the Euro- 
pean championships the 
following year. /Vt the last world 
championship in Dublin in 
.1982, he tooki.ibe. individual . 
silver ■ medal - on Toweriands 
AflgfezarSc behind, * Norbert 
K^ofT of -West Gcrmany, on 
.fire. He was also; together with 
Skehotf and John .Whitaker, a 
member of the-ieam. which won 
the.Jjrdnze mtedaL Michael 

The last dale for substituting a 
rider in the championships is 
July 6. but they can wait until 
after the opening warm-up class 
of the championships on July 8 
before they name the four 
horses. Barring accidents, how- 
ever, Pyrah will ride the 1 5-year- 
old- Towetiands Anglezarire, 
who he said yesterday “feels 
better than ever," arid John. 
Whitaker will ride Next' Hop-' 
scotch. Michael Whitaker arid 
Skelton have a less simple 
choice but Whitaker expressed a 
preference for . Next . Warren 
Point over Amanda at the 
weekend and Skelton is looking 
towards Raffles Apollo rather 
than the more elderly St James. 

The teams which pose the 
biggest threat for the British are 
the french and the Americans 
who are respectively the reign- 
ing World mid Olympic cham- 
pions. However, as Massarelta 
pointed out.- the West Germans 
competing on their own ground, 
.are also UHply to be dangerous 
and the Canadians - are always 
the dangerous outsiders at the' 
championships because they are 
so rarely seen in Europe. - 

In making -the - team 
announcement yesterday Gen- 
eral Blacker said that the British 

Grey day 

Prichard falls just 
short of century 

By Ivo Tennant 

ARUNDEL: Lavinia . Duchess of The 
Norfolk's XI drew with the New 

The New Zealanders, intent 
on gaining as much practice as 
possible on a good batting pitch, 
left Lavinia, Duchess of 
Norfolk's XI too stiff a task in 
the opening match of their tour 
yesterday. In spite of a cultured 
half-century by Trevor Jesty. the 
Duchess’s side were 72 runs 
short with four wickets remain- 
ing. On a chilly day. most of tl^e 
spectators had gone before the 

The Duchess's side was rather 
an assorted one. It included 
three New Zealanders, a contin- 
gent from Surrey and four 
unfamiliar county second XI 
players. Five of the original side 
had cried ofT for a variety of 
reasons and it had been left to 
Colin Cowdrey, whose home is 
jutt across the way. to find some 
replacements at the eleventh 

The pity of it was that he did 
not play, or that he did not 
unleash a Dexter or a Graveney 
on the tour team. In the absence 
of sunshine and competitive 
cricket, this match was in need 
of some romantic figures. We 
see enough helmets during the 

Stilt as usual there was a 
good crowd and the New Zea- 
landers entertained with the bat. 

Franklin made 74 with 10 fours 
and a six. and the Crowe 
brothers scored substantially, 

Martin making 70 with nine 
fours and a six. It was difficult to 
read much in to their innings 
since the atmosphere was re- 
laxed. the pitch played easily 
and the bowling was not hostile. 

Clarke came in off a short rim. 

spinners, one of them'. 
Bracewdl. who changed sides- 
for the day. were hit around a. 

For a change, this was not a 
limited-overs fixture. The New. 
Zealanders' declaration left the - 
Duchess's XI to score 256 in two. 
hours and 25 minutes. Edgar, on - 
his third tour, was soon out io‘ 
Watson and, although Stewarts 
scored 24 in boundaries and- 
Goldsmith. a young Kent bats- 
man (his selection was 
Cowdrey's influence, no doubt)..' 
' showed some promise in mak- 
ing 28. 1 70 off the last 20 overs 
was asking a lot 


T J FrankUn b KSfloher 

J G Wrinm & KflSotwr 

K R Rutfotord b Keltoher . 


- s. 


M D Ciwa c Goldsmith b anconal . 70. 

JJ Crowe a Bran b B^acewei 35: 

o V Corny c Sew b auk 44 . 

EJGreynotaui 1- 



Extras (b o TO. rtb 2) 
Total (6 wfcts doc) 




D A Sttrtms. w Watson ano £ J cnatfield - 
than otbaL 

FALL OF VMCKETS; 1-19. 245. 3-141. 4-' 
17B. 5-219. 6-243. 

BOWLING: Clark 14-2-45-1; KsBatw 16-. 

3-44-3; Kniabt 7-0-27-0: Bracewed 17-3- ^ 
S Dale 12-M4-0. 


SCGottuflithc Smith bChatfMd — 28 
BA Edgar c R mi raribr d b Watson 7 
AJStntwieJJGuHVbMPCroiM 24-. 

tTEBUncMOCrawobChaftald 0 - 

T E Jasty not out 68' 

RJ Scott b Coney ID. 

JGBracmMbGray IS. 

H 0 V Knight not out-. — 19; 

Extras (K> 3. nt> 10) 13. 

Total (Swkts). 


ST Clarks, DJM KMeher and C S Data 
dfd nottwL 

FALL OF WICKETS: 1-19, 2-64. 3-64, 4- - 
64, S90, 6-112. 

BOWUNG: Stttog 9-1-38-0; Watson 30- 
51-1; Gray 7-1-37-1; M D Crows 4-1-10-1; - 
Chatfldd S-4-7-2; Corny 5-1-22-1 iRuthw- 

. . 7-2: Coney 5-1-22-1; 
tort 20-160. 

Umpires: D Dennis and J Q Language. 

By Alan Gibson 

Rousing victory 
for Northants 

By Peter Ball 

WhHaker is foe' only one of foe : Sho wjump'mg Assoca tti on were 
four making his debut in a world seeking a sponsor forthe'British 


All four riders, together with 
Robert, Smith, one of the two 
reserves, will compete at the 
French Nations Cup meeting at 
Fontainebleau this weekend, 
and wflLfoen-go to the Wolfs- 
burg Show in West Germany. In 
between, they will fly bade to 
-ride their non-championship 
hones at the Royal Show in 

d put m a 
annual figure ot betweei 
£30J)00 to £40,000. 



Skaiton (Raffias St Jamas and Raffals 
John WNtakar (Next Hopscotch 

Apofloj,-. .. „ r 

and Next IflKx^; Idchaal WMatar (Next 
Amanda and Naxt Wanan Point). Nob- 
bavaffing mww: Robart SnVtiJ 
Otyrapc Vidaok U t Gdgv 

Michael Whitaker pips 
brother in jump-off 

By Jenny MacArthnr 

H Ftettto M Bl 7M£. Eight*: 1 

\ GM&k Z VMt Gormany. 551.01; 

3?GBtai(lra>, & 5 & 5 V, ft TWaway Scutore 

Corapostta «GBk 6:18.08. Utf** aitfa 

1. N p Hkt aar ture 

I. &3073.2. Pragua 

. M04Rngto«Ga«as1.%Nai^sJ 

73480: & D Hessian jam. *5 

Woman: Cntad face 1, AHA P 
7:13,13; 2. 1 BaJr^Saar (WG), 7i1i 
Coxlaaa poire: 1. DtwbunjJjiwBilcif 
7.45.40: 3. ARA{G8), 73330: 4, La*-E 
of tf» Thamas JGS). T^aOI. Eight*: 1 

AHA root 637*1; 2, Ws« Garanany, 
63826. Mm* aanior ft Stagto aeffite 1. 

7S39JB1; 8, 5 Larkin 

Belmont shine 
as crews 
are soaked 

. By Richard BarneU 

.Michael Whitaker, whose 
inclusion In foe team for foe 
world championships was an- 
nounced yesterday, gave the 
selectors plenty to smite about 
when he and Next Warren Point 
won foe £1 1,000 Dubai Cup at 
Hkrkstead yesterday. 

Going last in foe final jump- 
off hewoo the class in the same 
dramatic fashion as he did foe 
Everest Grand Prix at Hickstead 
three weeks ago — only yes- 
terday it was h» older brother 
John on Next Hopscotch who be 
relegated to second place, Andy 
Austin, who was pleased even to 
reach the final round m such 
exalted company, rode superbly 
on River Hill to take ihmtplace. 

Jon Doney's course for foe 
first round was big but had a 
generous time allowed: Ten 
went clear to go into foe first 

Deister after misjudging bus 
stride into the planks at fence 

The second, shortened round, 
which was not against the dock, 
proved , little problem. Only 
Emile Hendrix, foe Dutch rider, 
failed lo go dear. In the final 

CHESTERFIELD: Derbyshire, 
with ail their second /riflings 
wickets in hand, are 120 runs 
behind Gloucestershire. 

Fast bowlers generally enjoy 
playing at Queen's Park. 
Derbyshire's may not have been 
so certain about that on Sat- 
urday evening, but yesterday 
they took most of what satisfac- 
tion was available, Walsh and 
Lawrence being denied their 
chance to join in foe fun by bad 
light after tea on a day when 52 
overs were lost to foe weather. 

Already without Moitensen. 
playing for Denmark, the loss of 
Miller, who had cracked a finger 
resisting Walsh on Saturday, 
further limited Derbyshire’s op- 
tions. but after an unpromising 
beginning, they rallied quite 
impressively. Holding and Tay- 
lor, who took a career-best fpor 
for 81. exploited the conditions 
well, enough to ensure- that 
Gloucestershire were unable: to 
build foe biige total which had 
aroeared. likely over night 

Conditions were fairly dour 
throughout- In the morning ears 
on, the -Ml south of Sheffield 
were uring headlights, an indica- 
tion of ;wf«it lay ahead, and 
Queen's Park Was enveloped in 
a murky half-light even before 
rain arrived to delay foe start 
until US. 

Thereafter it was grey enough 
to encourage the seam bowlers, 
who also exploited the usual 
Chesierfield bounce, and aided 
by some spectacular catching 
they took foe remaining nine 
Gloucestershire wickets for only 
172 nuts on the day. . 

Tomlins went almost im- 
mediately. a. victim of the left 
hander’s slant as Finney angled 
the ball across him to find his 
edge- But as Slovold, crashing 
the loose balls with his usual 
venom, moved to his first 
century of foe season with his 
15th boundary, and Bainbridge 
settled in steadily. Gloucester- 
shire seemed set fair to plunder 
a weakened attack. 

Instead Taylor, coming in at 
the same angle as Finny but at a 
considerably livlier pace, set the 
innings back on its heels. He had 
an excellent start with Stovold's ' 
connivance, foe batsman plac- 

LORDS: No result. Middlesex 
Opts). Essex (2). 

“Mr Gibson," said a consid- 
erate person following me up foe 
steps, “I am not sure if you are 
aware of it, but your braces are 
falling down.” 1 looked down, 
and there they were, ankle- 
trailing. A moment of inatten- 
tion in the train, no doubt He 
held my blazer while. I hauled 
them up and restored 
respectability to myself A fine 
way to start my season at Lord's, 
and the University match com- 
ing up next week! 

There was a Sunday League 
match going oil so my attention 
should not have been distracted. 
Middlesex won foe toss and put 
Essex in. It was Emburey's 
benefit match, an occasion 
slightly marred, for he was not 
playing, because, as the public 
announcer pleasingly explained, 
be had a pressing duty to score 
150 against India.' 

It was a grey afternoon, with 
spots of rain. Essex scored 2L7 
for six in their 40 oven, and . 
should have score more after 
their sound start. Gladwin and 
Prichard had 50 up in 10 overs. 
Gladwin was out at 66, in foe 
14th, but foe 100 came up in foe 
20th. Prichard was going- very 
wefl, with a cover drive which 
defied all Radley's field placing, 
and Bonder was beginning to 
look really formidable when he 
spooned a ball from Edmonds to 
short square-leg. That was 133 
for two. After that, the innings 
never quite recovered mo- 
mentum, though Prichard was 
unlucky to miss his 100. The 
braces of the innings, you might 
say. fell down. 

Still U was a good enough 
score to win most John Player 

Rain delayed the start of the 
Middlesex innings, and then 
soon interrupted ft again. With a 
maximum of 27 ovens to go. the 
mathematicians declared that 
139 were needed, and Middle- 
sex, at 50 for one, in ten overs, 
were not badly placed. Miller 
and Botcher had a go, but it was 
not really on, and bad light took 
them off at 89 for two. Essex bad 
fielded so well they deprived 
Middlesex of many runs. At a 
quarter to seven, the umpires 
decided that no further play was 
possible, with 17 overs bowled. 


C Qadwfn e Ron b Edmond# 
PJPnchwdlbwb Cowans . 

By Peter Marson 

Northamptonshire moved to 
their fourth success m foe John 
Player Special league with a 
rousing victory against York- 
shire. whom they beat by seven 
wickets in a high-scoring match 
at Luton yesterday. Sharp's 
innings of 94 had been chiefly 
responsible for his sides heady 
total of 220 from 38.3 overs, and 
because Larkins was in his most 
punishing mood in a splendidly 
forthright innings of 92. North- 
amptonshire had got to ISO for 
three from 28 overs when rain 
meant a revised target of 199 in 
36 overs. Gapel and Harper duly 
saw Northamptonshire get 
home at a canter with 14 balls to 

A R Bonier c Radtey 0 Edmonds - 29 

AWUtyc&wafttbHugiiM 11 

Kfl Port cCatr a Cowans — 3 

•tOE East not out 8 

NAFostBrnoiout _™ — . — 6 

ExtrastO1.to10.w3.nb1) 24 

Total (6 wkts, 40 orars) 11 217 

TDTopfuy. J HQxkJS. DLAcftjtdcfidnot 

*BWEW5E* I-* 6 - 2-133, 3-159, 4- 

B0WUN&- Hogg 8-1-35-0: Cowans B-Q- 
4** Daniel 8-1-28-1; Edmonds 8-0-36-2; 
Hughes 8-0-58-1. 

Sharp had soon lost Metcalfe, 
caught behind off Capel with the 
score at 23. but Neil Hanley was 
suitably supportive in an ex- 
cellent stand of 105 for- tfte 
second wicket before - he was run 
out-for 46. A bruising blow or - 
two from Bairstow would have 
done here, but for once be failed 
and so it was Carrie k who 
brought up the rear with a usefiti 

knock of 25. before becoming. 
the third player to be run ouL ■ 

The strangest aspect to Kent's 
innings against Hampshire ar- 
Basingstoke, had been' 
Marshall's quota of eight overs.' 
which had been hit for 44 runs- 
without Marshall receiving the' 
usual compensation, which, in 
foe normal way of things can be; 
taken for granted. Kent were, 
indebted to Christopher- 
Cowdrey, who made 45. amT 
Hampshire to Tremleti, who 
moved to the top of foe bowling 
class with three for 28, with 
James and Cowley in tandenr 
not far behind. 

A fine innings of 65 by- 
Hopkins and a half century by 
Younis took Glamotmui to them 
third success against Lancashire 
at Swansea. Set to make 148. to 
. win a riand of 100 by these two 
enabled Glamorgan to get home 
with room to spare. 

* Lancashire's' innings had 
spluttered at the stan. with 
Mmdis, Fowler. Abrahams, and 
Fairbrother out for 54, and save 
for Lloyd and O'Shaughnessy, 
the remainder succumbed. - 




MARosatMHrycFtoteflarbAcfWd — 23 

R O Buictier b Pom _ — 11 

■CT Radley not out : 8 

Extras (bS.wS) — ... 17 

Worcs v Sussex 

Total (2 wfcts. 17 ovbtb) . 

0 0 Rosa, tR R Downs*!, J D Carr, P H 
Edmonds. W P Hugtaa. N Q Cowans. W 
w Darnel did not tat 
FALL OF WICKETS-. 1-48, 2r80. 

PpWUftKfc_Fpatar S-O-iaq^Togtoy 5-0- 

24-0; Pont 5-0-21-1; Actold 
Umpires: C Cook and B DudJasion 


Wbreastantm (4ptB) beat Sussex tty 4 


A M Groan c Neata b Pridgaon 8 

PWQ Parter c Snrth b McflmorB 2 

Imran Kban c Patel b Pridgaon — „„ 72 

*tl J Gould c Rhodes b Newport 39 

CM Welts c D'OUwjira b indtmoro 19 
APWeflsnotout 3 

Warwicks v Leics 


Warwicks!** rdptsj beat lakxsWrsMa 
on faster stxmg rata. 


D L mKs towbDe rS 5T3 IZI s! 

A I KaUchman not out — 78 

W Human iw> out — — . f 

Asif Din c Whftticase b Do FrWtas — _ 4 

Collapse signalled by 
Richards’s dismissal 

C PPhiftpsonc Neale bPrXjQaon i 

D A Reeve b fndvnore - 4 

A N Jones not out 6 

Extras (83 7, w 2) 9 

A M Ferrara b Taylor , 
A Motes not out 

Extras (to 4, w 1, nb Q 
Total (5 wfcts, 28 overs) . 

.. 2 
- 7 


Total (7 wfcts, 40 ovars) . 


By Richard Streeton 

round against foe dock Eddie I ing his first deliver, a long hop. 
- - - - ~ urned I into Hill’s 

Macfcen. foe first to go, turned 
too sharply into the second 
fence, a narrow upright, on 
Carroll's Flight and had udown. 
David Broome then produced a 
superbly judged ~- round on 
Queensway RoysJe bid his time 
was quickly, overtaken by John 
Whitaker on Next Hopscotch. 

Of the five that followed 
Captain Gerry Mullins, of Ire- 
land, on the -18 year-old 
Rockbarton and Austin put np 
superb challenges, but It was 
Michael Whitaker, going last erf 1 


Conditions at Marlow 
gatta on Saturday were made 
difficult by winds which at rimes 

sent waves spraying oyer crews. 

There were not many reliable 
pointers to Henley prospec ts , 
but Belmont Hill School, from 
foe. Unityed States, took the 
Senior 8 eights by two and a half 

lengths from Eton, with Thames 

Rowing Club in third place: - 
London University took the 
Marlow Grand. Challenge Cup 
from Wahob and Marhswwhile 
Ewan. Pearson and , David 
Riches, -holders of the S3ver 
Gobteis at Henley for the past 
two years, beat MsfriowY elite 
coxless Dflirs. -■ 

Imperial College bad .. a 
successful day, winning the 
Senior A eights, foe Senior A 
coxtess fours in which their A 

crew beat their -B crew in _the 

final, on . a .disqualification, 
antifoe Senior BschIIs. 
R£SUtma» Boffis: Lomtontlntewray 
455 k ate' Spnra SqMs: St Shard s 
1.31: Bte Cessna Fours: Badfard/Star 
CM) 531: Biffi Coxtess Fours: Rnuding 

Uiwwniri 524 Ete Contes Parc 

MoteKiy iPearson *ix) ftefcxiu*) 6: 0; &» 

OWN* Scuta Popter.Btedcw*« aid Dte- 

terpedel Cotego NTT; Gwtor A Owed 
Fwra-. Stew 537; Senior, a Ooxtess 

Rxn fcnpooa) Cdkg» NTT; Sen lor 

Scute A Ktomar (Barclays Bank) 
6:1 6: Sew B Bates: Befcnont- Hu 

jump-off Those who failed to . all, who had the crowd roaring 

as he raced round cm the 
thoroughbred Warren Point 
and. Throwing caution to foe 
wind, galloped on to the final 
fence which be cleared effort- 

reach foe second round included 
Liz Edgar, last year’s winner, 
with Everest Forever who had 
the .last fence down, the tricky 
Derby Rails. Nick Skelton, on 
his likely world championship 
ride Raffles Apollo, bit foe same 
fence and the earlier upright 
planks. Most surprisingly of ill . _ 

Paul Schockemohle. 

Germany’s top rider, tod. an T ffiSS.&whMof 4 aS, IS 

uncharacteristic refusal on • H*(AAuMin), ft 467ft ■ 

hands at 


He needed no further en- 
couragement. His next ball ex- 
ploded at Curran, tlje batsman 
being relieved to see it fly over 
slips, to safety, but his reprieve 
was short-lived as Marples pro- 
duced a catch Bob Taylor would 
have been proud o£ grasped at 
foil leap in front of second slip. 

Holding then took his turn, 
coming back to break a stand of 
54 in 17 overs by removing 
Lloyds and then, in his next 
over. Bainbridge and Alleyne in 
successive balls, the latter 
pouched brilliantly at backward 
short leg by Taylor. Payne 
somehow denied him the hat 

trick only to become Taylor’s 
(essly to record the winning time I victim as Gloucestershire's tail 
of 45J6 seconds - warty a (sotsided quietly, 
second faster than his brother. 

*K J Bamen c Russatf b Wateb — 
l S Andareon c Russai b Vtakh 

J E Moms c Russal b Lawrence 
B Roberts cLawrancabWateh . 
G Miter c and b Lloyds 


Ipanema best of three 

tC Mantes « Alleyns b Walsh — : 
R j FmnBycRusaal bWatefl___ 
U A Hohfog c Payne b Uoyds 

.. 1 
_ 0 
_ A 
„ 0 

JP Taylor eUpydsbWUsb 8 

.Ennui (b6,ofi,«3. nb, 14) 31 

Total {B05bvw8) 1» 

. - By John Watson, Polo Correspondent 
The American thre^cornered ' . For the cond nave duel, be- 
tournament for foe h^Kgoai ■ tween' Ipanema arid Cbwdray, 
Cboch Bdsar Cup. witich'-was WTnratn • replaced 
played offyesterday in three sets Chartes ScaviU in foe Ipanema 
of three chukkas each on the , back, position and, malting, a 
storm-drenched River Ground - most dashing high-goal debut 
at Cowdray Park. Sussex, ended 1 ' scored his side’s first iwo goals. 

FALL OF WICKETS: 1-7.2-18, 34*7. *69, 
5-149, S-1 51, 7-177, 3-179,9-180. 10-198. 
BOWUNG: Lmflvnce T&2-55-1; Watstl 
26.5-10-62-7; Pavne 13-2-27-0; 
Batebndge B^-21-O; Uoyds S-3-1&2. 
Sacond innings 

KjBameOivMbut 7 

ISMJettOnnotout — < 

Extras (b 4, nb 1) S 

Total (0 wfcts). 


After that McKenzie was foe 
man of the moment and. neither 
Withers nor Churchward were 
able to compete on equal terms 
with him. In the final analysis, 
Ipancma’s triumph over Us 
Diables was by foe smallest of 
margins — one goal. 



UrtteatyColteoo GObftt tSS; Sartor B 

Cq*tew+5ur»r&3ttO SchOOt USR&4& 

Soefesg Sip V ftofMT eSftSwtof . c 
E&uactogfen ftmv Stooot- 5:12; 
Junior BUMS R*toy CoAge 5:T4;Jura0r 
Coxadfowa: HoyafCnaCafSa O; Jum cr 

16 Bghta; Bon Gotogft 3^ Jufltact* 

Bftte.-FtecaiyCQiiB8»a34. i£ ■- 

in a victory of two wins and 11 
goals far Ronaldo de Lima's 
Ipanema against Les Diabtes 
Bfeus and Cowdray Hark. 

Ipanema's. first encounter, 
which was against Les Dfabtes, 
resulted in- a 5*5 draw. .The 
Mexican . Meno Gractda. the 
act Nil 3 for tis Diabtes, was 
closely • marked by the 

MeKenzie-Junquienr duo:; Bm 
in the second match, in which 
Cowdray Park , faced las* Dia- les DtABtES *>»"«■ « q \^teoster 
blesf Cowdray, drawing a SOm'6-" p);Z;ff\^i (St 3M Qractea(lO). Bade M 
what unfamvtiax line-up, did not 

cownriAV pawc. 1 . OPamon (3k 2 P 
Gtaoda, who te a .ms t ea m to a ,oiqwrtteu»r.s.p ¥«»>•« p). 

5-2 victory. ' ... . . ; 

AWStevoWcHBbTaytor _>ii8 


. . . Holfcn _ 

K PTcpdtnso Mbyte bRnney .. 

*P Bambrliigo c Bumott b Hokarig 
K M Currafl c Mwpiefi b Tm4or — 5 

J W Uoyd» c MMptes b Hoferag '24 

IRCRusssa rxaow 22 

I WAJieyfWc Taytor o Holding, 
I R Payno c Anderson D Tayur , 

BATH : Nottinghamshire (4 
pis) beat Somerset by 32 runs 

Somerset, previously the joint 
leaders in foe John Player 
League, needed 2 42 to win 
yesterday and were still on target 
with 59 wanted from nine overs 
when Richard Hadlee ended a 
spirited 64 from Viv Richards. 
Once foe West Indian captain ' 
departed Somerset abruptly 

Nottinghamshire were with- 
out Birch and Cooper, who 
together with Pick were fortu- 
nate to escape serious injury 
when their car crashed on foe 
M4 an Saturday evening. Bitch, 
foe driver, and Cooper, who was 
thrown from a back seat into the 
road, after a door was ripped off. 
were detained overnight in a 
Reading hospital. 

Birch was under observation 
for back and internal injuries: 
Cooper had stitches in his head 
and shoulder but both men were 
discharged yesterday. Pick, foe 
front seat passenger, escaped 
unhurt. He said he believed a 
tyre blow-out caused the ac- 
cident which ted to Birch's car 
hiuing the central crash barrier 
and then colliding with another 
car. which finished upside 
down. The two passengers hi the 
other car were not hurt. Both 
vehicles were write-offs. 

Board made his first Sunday 
League century after Not- 
tinghamshire were put in to tot 
and provided foe backbone to 
the innings. Rice helped to add 

126 in 19 overs for a second 
wicket When Hadlee was held 
at long leg though. H was the first 
of five wickets to fall in five 

Smooth timing and shrewd 
placements brought Board . ten 
fours and he played numerous 
attractive strokes, reaching his 
century in the last over of the 
innings. Rice was far more 
violent He hit Marks for three 
legside sixes and off-drove with 
ferocous power- before he was 
well caught low down at mid- 
wicket. by Dredge. 

Gamer claimed this wicket in 
foe first over of his second spell 
and generally pegged the bats- 
man ba c k Taylor dismissed 
Hadlee and Johnson in foe same 
over and Richards too, did bis 
bit as a bowler. 

Somerset who had to contend 
with bad light and drizzle early 
on, lost Roebuck in Hadlee's 
opening over. Harden hit styl- 
ishly and dominated a second 
wicket stand before Marks was 
caught behind. Harden's 71 
included three sixes before Ev- 
ans bowled him. Richards and 
Rose settled in and Somerset 
needed 102 from foe last 15 

A N Ba&tatngion and D X Standing did not 

FALL OF WICKETS: 1-8, 2-14. 3-100. 4- 
140. 5-147. &-14B. 7-152. 

BOWUNG: Pridgoon 8-1-27-3; Inctvnoni 
8-1-23-3; Weston 6-1-23-0; Newport 8-0- 
42-1: Patel 8-1-41-0. 


T S Cures c Gould b Jones i 

DM Smith b C M Wete 60 

G A Hefc c GoufcTb Jones 
DN Pawl runout 



*p A Neale c Babbmgton b Standing . 16 
□ BD'OMeiranttoui 12 

M J Weston not out , 

Extras (to 7, w 3,nt> 2) 



Total (5 wfcts, 35.1 overs) 164 

tS J Rhodes, A P PndpBon. J D ffichmora 
and P J Newport to bat. 

FALL OF WICKETS- 1-4. 2-83. 3-00, 4- 
134. 5-158. 

BOWUNG- Imran WKB-ft: Jones 8-1-31- 
2: Reeve 8-0-3W; C M wells 4-0-22-1; 
Babtxngwn 3-0-23-0; Standing 4.1-M6- 

G C SmaU, *N Gifted and T A Mwrton dfcf 
not bat. 

FALL OF WICKETS; 1-21. 2-1 13. 3-117, 4- 1 
127. 5-185. 

BOWLING: Aonew 30-41-1; Tutor MV 

L Potter b Munton - 26 

l P Butcher b SmaO 43 

JJ Whitaker d Munton 12‘ 

■P WWey c Ltoyd 0 FsnWra 25 

WKRBen)aiMnrunoul — 0, 

P Bcwter c Motes b Ferreira 12^ 

P A J De Fredas not out 6 

T J Boon mn out 3 

tPWhitticasab Small 2 

J P Agnew b SmaU 0 

LBlayterbSmal 0 

Extras (to 1, w 2) — ' 3 

Tool (21 OWS| 



Umpires: R Palmer and A G T Whitehead. 

FALL OF WICKETS: 1-47. 2-73. 3-105. 4- 
1W. 5-1 21 , 6-1 21 , 7-128, 8-1 32. 9-132, 1 0- 

BOWUNG: SraoB (HJ-2S-4; Parsons 3-0- 
24-0; Munm 5-0-27-2; Motes 3-0-37-0; 
Ferreira 2-0-17-2. 

Umpires: DR Shepherd and R A White. 1 

Northants v 

Hampshire v Kent 


R T Robinson b Gamer 9 

B C Broad not out 100 

*CEB Rice c Dredge b Gamer 

R J Hadlee c Harden b Taylor 

TP Johnson c Gamer b Taylor 0 

D W Randall b Richards 4 

DJ R Martin dale lbw b Rich- 
ards 4 

K P Evans b Taylor 1 


Na n hm ptanMn Mn»> best Yorkshire 
on taster scoring rata. 


K Sharp ne 1 out 94 


Hamps h ire (4pts) beat Kent by tour. 


M R Benson bJamea 

A A Metcalfe c Watarton b Capel 
S N tfarief ton out 

— 9 


N R TayKv c Marshas b Cawley 28 

C J Tavara tow b Jamas — — — — . 1 

*tO L Bairstow c Water bNGB Cook 7 

G R Cowdrey c and b Trenton 
C S Cowdray b Trerrtett . 

I Robinson lbw b WM 
J D u»e tow b Harper .- 
P Carriefc run out 

A Sidebonom retired tvn 

P J Harney c G Cook t> wao . 

PWJanrtsc Harper bMaHender . 
S J (terra notout . 

R A Pick not out ! 2 

Extras (b 1. lb 10. w2)- 13 

Total O wkis. 40 overs) iST 
E E H cunnings and M K Bore 
did not bat. 

FALL OF WICKETS: 1-22. 2- 
148. 3-197. 4-197, 5-201,6-217. 

BOWUNG: Gamer 8-1-33-2; 
Taylor 8-0-42-3; Marks 7-0-49- 
<h Dredge 8-0-41-0; Palmer 4-0- 
Richards 5-0-27-2. 


V J Marks c Johnson b Rice 18 
P M Roebuck lbw b Hadlee . 0 

R J Harden b Evans 71 

I V A Richards b Hadlee 64 

B C Rose b Rice 25 

J J E Hardy b Hadlee 12 

Extras (b 12. w 2) 
Total (383 overs) 

- 0 
- 4 


— 45 

E A E Baohsto c Graendoe b Cowtey . 4 

D G Aston b Connor 22 

S A Mmsti c Connor b Nicholas.—. 3 

CPBnneTenybTremtett 4 

D L Undewood not out 1 

KBS Jarvis not out — 0 

Extras(b4to5w6nb2] . 
Total ( Swkts. 40overs) . 




FALL OF WICKETS: 1-23. 2-128. 3-148, 4- 
148. 5-174. 6-177. 7-181. B-219. 9-220. 
BOWUNG; Mafenttor &3-1-29-V. Cepel5- 
0-27-1; Water 7-0-42-0; Harper 64-36-1; 
Wild 7-042* N G B Cook 5-0-3&1. 

RJ Belief cBamsKnwbPJ Hantey 13 

WLaffiinscsubbPJ Hartley 92 

RJBoyd-MossltebPJ Hartley 28 

0 J Cape) not out 32 

R A Harper not out 20 

Extras (lb 8, w 5. no 1) 14 

Total (3 wfcts. 33.4 overs) 199 

FALL OF WICKETS: 1-28. 2-30. 3-55, 4- 
60. 5-68, 8-112. 7-127, B-139. 9-148. 
BOWUNG: Marshas 8-0-44-0: Connor 8- 
1-18-1; James 8-1-1 7-2; Trendm 84-28- 
3. NKtttteS 54-21-1; Cowtey 34-12-2. 

C G Gmenkige ran out 41 

V P Tarry b Ondenwod 42- 

DR Timer c Penn b Underwood — 12- 
R A Smith net out 23 

Cook. N A MaHendar and A Water did not 

FALL OF WICKETS: 1-37, 2-139. 3-150. 
BOWUNG: Jarvis 6.44454: P J Hartley 
84-47-3; Dennis 74-294; S N Hatley 4- 
0-194: Love 54414: Camck 34404. 
Uffipres: D G L Evans and K j Lyons. 

■MCJ Nicholas cMarshbCS Cowdrey V 

MDMarehaOc and b Underwood - «• 

NGCowUyhBaptteta 16' 

K D Jamas not out o’ 

Extras (lb 8, w3} it- 

Total (6«4t». 373 overa) ISO - 

t m itenien. tfl J Parka. C A Connor ad 

naoBT. ■ ' 

FAIL OF WICKETS: 149. 243, 3-104. 4- 

BOWUNG; Janes 7-1-294: Baptiste 73r 

G V Palmer — 

C H Dredge b Rice 0 

J Gamer b Rice (I 

TR J Blitz b Pick I 

Glamorgan v Lancs 

N S Taylor b Pick 0 

Extras (lb 10, w 6. nb I) — 17 

Total (36.3 overs) - 209 

nANEKAi 1; A Harper fit 2. M Junquflka 

DV Lawrence cHOkwab Taylor , 
vateh c Matpiss o w*mer 


|7^S i Mrtttnaedfc BiSl-' ^CS eauiand 

f Roberts (3). 

Extras [0 1. to 30. w5, nb 17) , 
Total ^03 ovora) 





FALL OP WICKETS; 1-42. 2-177. 3-21 9, 4- 
225.5-279. 6-268, 7-266. B-312.M28, ID- 

BOWUNG; HoWno 064-76^: .Warner 
21.4449-1; Bnnojr 24-4-77-1; Taylor 19- 

Iknpkea: o O Osuar and b Laadboster 
B(waptH:Dert^hireS.Gloueha >B rs>iire' 

ioodile ttX bBmE t. M BN1 
ihr27mln 1 Ssbc 2. A Ttennis(ANC- 
tt 3nin I9sec 3. S Jojanm 
At .537:. 4, P ThomaijWID- 
. same time. 

WS3UNO: Bade Trophy. (110 

mtefc 1 . G luenb (VC Ytxk) 4hr 480iiv. 
HMWMM Ttae Ms) (100 mtlaS); I, N Lewti 
(ftmaa 004:1349. 



2T& P WMOrar 70. 65, 72, 2B4; G 

StewBL 73. 69.m 67. 28& L KauraMnjSwe) 
71.72. 70^ PGoraaterlCoori. 73.A 67. 
a» A.recwta. 67, jp. iL ti. m-. 
UwdDMter OJS) 70. 67. 76, 74; D OowteoTI, 
71. 73. 72 338: M Thomson 76, 74. 70. SB; L 
DmiW 79.6a,a.T1: DHemdsaSlfS.72, 
73. 74.2H: J Forrest 74,73. 71. 71: BJtuka. 
78. 72. 7i. 70. 29ft D RwS 72, 71, 
Pbortey PSa 72. 73J2-7a. 


Glamorgan fdpts) beat Lancashire by five 



GD Mentis c Davies bHicfcay 3 

G Fowler cHefcoybOnang 19 

J AbnUsims c Davies, b Thomas Q 

CHUoydcHrctoyb Steele 73 

N H Party ottier o ateete b Omong 14 

C Maynard run out ^ — — -_ 6 

5 J 0 StftUDWiflSSy run offi 34 

m watkmsoo run our 9 

jStmnpnsrunouT Q 


J A Hopions c Maynard b AB«t 

H h Moma c and d Waflunson 

Youna Ahraeo run ota 




MP Maynard e sub b Abraham* g, 

■flCOrtaxinolout — 1 

JG Thomas not out S> 

PJW Allodc Moma b Hskey 15 

D J Makman not otd q 

EwraspbB.w4.ftb2) 14 

Total (37.4 overs) 147 

Extras ( to 11, w 1. nb 4) 

Total (Swkts, 38 OWS )„.. tSt 

J f Srwte. fT Davies. J Derrick. D j 
HJcfcey dk) not bat 

FALLOF WCKE3& Vis. 2-1 IS. 3-122. A-1 
•4Z. 5-145. . 

FALL OF WICKETS: 1-2. 2-18. 3-30. 4-54, 
5-74. 592. 7-117. 8-117. 0-147, 10-147. 
BOWUNG.' Thomas 7-1- 2B-1; Hekay 5.4- 
1*5^2; Derrick 5042-0; Offiom 8-524* 
Hotews 4-0-124). staete 50^1. 

BOWUNG: WMkteBOnS-1-12-1; ABotl 8*1:' 

»i:O Stmdi^ _6±^y, Maidmon 

8-0-32-0: Sanmons 8-0-37-0; Abrahams 2- 
1 - 6 - 1 . • 
Umpires.- M J Kitchen and P B WHgm. 


I. Lendl tcz) 

L LavaJle (M) 

M. Freeman (USA) 

N. Aerts (br> 

G. Michibata <c) 

A. Mansdorf (ISR) 

R. B. Green (USA) 

P. Lundgren (sw) 
N.A.Fulwood (GB) 

B. Pearce (usaj 
M. W. Anger <usa» 

S. Casal (SF) 

D. De Miguel (Sp) 

J. Sadri (USAi 

B. Custer [AUS) 

J. C. Kriek (USA) 

T. S. Mayotte (USA) 

A. Zverev (USSR) 

H. Solomon (USA) 

J. Canter (USA) 

J. Gunnarsson (SW) 

H. Gildemeister (chj 
T. Smid (CH> 

D.J. Cahill (A) 

P. Doohan (A) 

J. Hlasek (swzi 
M. T. Walker (GB) 

C. Mezzadri (m 
E Edwards (SA) 

K. Novacek (CZ) 

B. Scanlon (USA) 

A. Jarryd (SW) 

J.S. Connors (USA) 

R. Seguso (USA) 

D. Keretic (WG) 

B. Teacher (usa> 

C. Hooper (USA) 

C. Van Rensburg (SA) 
TWilkison (USA) 

S. M. Shaw (GB) 

T. Champion (F) 

M. Wostenholme (C) 

S. You I (A) 

S. Zivojinovic (YU) 
K-Flach (USA) 

J. Windahl (SA) 

G. Forget (F) 

M. Jarte (ARG) 

K. Curran (USA) 
EJelen (WG) 

M. Davis (USA) 

M. Flur (USA) 

M. J. Bates (GB> 

T. Witsken (usa> 

T. Nelson (USA) 

D. Pate (USA) 

C. Seceanu (ROM) 

M. Bauer (USA) 

R. Krishnan (ind) 

F. Maciel (M) 

W.Fibak (poli 
V.Amritraj (INI 
K-Evemden (NZ) 

J. Nystrom (SW) 

S. Edberg (sw) 

V. Wilder (USA) 
P.Annacone (USA) 

S. M. Bale (GB) 

P. Slozil (CZ) 

U. Stenlund (SW) 

M. Schapers (nthi 
M. Mecir (CZ) 
ETeltscher (USA) 

M. Srejber (CZ) 

H. P. Guenthardt (SWZ) 

G. Layendecker (USA) 
M. Leach (USA) 

R. Osterthun (WG) 

M. Woodforde (A) 

B. Gilbert (USA) 

M. Pemfors (SW) 

M. Depalmer (USA) 

A. Maurer (WG) 

S. Giickstein (isr) 

B. Levine <sa) 

J. B. Svensson <sw) 

S. Giammalva (USA) 

M. R. Edmondson (A) 

C. Steyn (SA) 

J. M. Uoyd (GB) 

P. McNamee (A) 

P. Chamberlain (USA) 
B. Schultz (USA) 

T. R. Gullikson (USA) 

E Bengoechea (argj 

B. Becker <wg) 

H. Leconte (fj 
R. Agenor (had 

A. Chesnokov (USSR) 

C. Dowdeswell igb) 

R. Acuna (CH) 

G. Holmes (USA) 
M.Westphal (WG) 

F. Segarceanu (RU) 

S. T. Botfiefd (GB) 

E Sanchez (Spj 

B. Testerman (USA) 

W. Masur (A) 

D. T. Visser (SA) 

M. Robertson (SA) 

J. B. Fitzgerald (A) 

A. Gomez (EC) 

G. Vilas (ARG) 

P. Cash (A) 

R. J. Simpson (iuz) 

B. N. Moir (SA) 

M. Ingaramo (ARG) 

H. Schwaier (WG) 

K. Moir (SA) 

J. Lapidus (USA) 

N. Odizor (Nil 
M. Kratzman (A) 

C. Kirmayr (BR) 

H. Sundstrom (SW) 

A. N.Castle (GB) 

B. Dyke (A) 

S. E Davis (USA) 

M. Wilander (swj - 



their deserts 

By John Woodcock, Cifcket Correspondent 



The extent to which En- 
id are being outplayed by 
in the second Test 
match at Headingley, spon- 
sored byComhill, is extraordi- 
nary, not to say embarrassing. 
With two days left and only 
four wickets standing, they 
need 3 1 0 to win. Having been 
bowled out for 102 in their 
first innings they are 90 for six 
in their second, and there is 
not much doubt that India 
could run, through them 
i to, still with pi 

if they had to, 
lo spare. 


length and line India’s bowfers 
have taught England an unex- 
pected lesson. 

, Tk®* was a temptation at 
Lords to attribute'