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THE 


No 62,599 



TIMES 


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MONDAY OCTOBER 27 1986 


Party’s deputy chairman Yell into a trap’ 



Archer quits 
over pay-off 
to prostitute 


By Robin Oakley, Political Editor 


Mr Jeffrey Archer, the mil- 
lionaire novelist, yesterday 
resigned as deputy chair man 
of the Conservative Party in 
bizarre circumstances. 

Mr Archer was appointed to 
his post by the Prune Minister 
just over a year ago, charged 
with reviving morale in the 
party around the . country 
while his chairman, Mr Nor- 
man Tebbit, concentrated on 
the strategy. 

He resigned yesterday after 
a Sunday newspaper’s claim 
that he had used an intermedi- 
ary to pay a London prostitute 
to go abroad to avoid a 
scandal. 

The News of the World said 
that Monica Coghlan, aged 35, 
had been offered an envelope 
crammed with £50 notes at 
Victoria Station last Friday. 

Yesterday Mr Archer, who 
said that he was “very sad" to 
give-up his post, admitted that 
he had “foolishly** allowed 
himself to fall into a trap to 
offer money to the prostitute, 
whom be said he had never 
tneL 

“For that lade of judgement 
and that alone 1 have tendered 


Tomorrow 


Forked 

tongues... 



Bernard Levin 
sees fanaticism as 
the enemy of 
those who wish to 
preserve the 
Welsh language 





• The Times Portfolio 
Gold weekly 
competition prize of 
£6,000 was won on 
Saturday by Miss V. 
Gahan of Hendon, N.W. 
London. 

• There were four 
winners in the daily 
competition who 
shared £8,000 — double 
the usual amount 
because no one won on 
Friday. 

Details, page 3. 

• Portf ohotist, page 
22; rules and how to 
play, information 
service, page 20. 


my resignation as deputy 
chairman of the Conservative 
Party." 

Mr Archer added: “I have 
never, repeat never, met 
Monica Coghlan nor have I 
ever had an association of any 
kind with a prostitute." 

Mr Archer’s . resignation 
comes as a totally unexpected 
blow to the Conservative 
Party which, after the success- 
ful Bournemouth c o nfe rence. 

Archer background 2 
How much harm 16 
Leading article 17 

looked to be putting the 
problems of the past year 
behind it and had drawn level 
in the opinion polls with 
Labour. 

Biit few politicians were 
inclined to crow yesterday 
over Mr Archer’s discom- 
fiture. He was generally re- 
garded as the victim of a 
particularly sordid entrap- 
ment 

Mr Archer's resignation had 
been expected as. soon as the 
story broke. As a deeply loyal 
party man who rejoiced in his 
role at Central Office, be 
immediately made it clear to 
his friends that if the Prime 
Minister or Mr Tebbit felt that 
it would be better for the party 
for him to go, then be would 
do so. 

His departure marks a sad 


end to one of the most 
remarkable political come- 
backs in years. In 1969, be 
had a brilliant political career 
beckoning when entering the 
Gnomons at the Louth by- 
election as the then youngest 
MP. 

Less than five years later he 
was out of politics, having 
resigned his seat after losing 
more than £400,000. some of 
it borrowed, as the victim of a 
fraudulent share scheme. 

On that occasion Mr Archer 
resigned for fearofbeing made 
bankrupt and so embarrassing 
the Tory party. 

He then restored his finan- 
cial fortunes by writing a 
series of best-selling novels 
which have made him a 
millionaire several times over. 

Ironically, one of the most 
recent. First Among Equals, 
currently being televised in 
Britain, includes an episode in 
which a prostitute seeks to 
blackmail an MP. . 

He had always wanted to 
back into Conservative . 
tics and spent years making 
spe ec hes around the constit- 
uency associations before Mrs 
Margaret Thatcher test year 
made him Mr Tebbifs deputy. 

After a controversial start, 
Mr Archer had proved a great 
success in his new rote, but last 
night his political ambitions 
were oncp again in ruins. 

Costumed on page 20, col 1 


‘Foolishly, I allowed 
myself to fall in a trap’ 


Announcing his resignation 
yesterday, Mr Archer said he 
had “foolishly" allowed him- 
self to fall into s trap to offer 
money to a prostitute whom 
he said he had never met. 

He said: “For that lack of 
judgement — and that 
alone - 1 have tendered my 
resignation as deputy chair- 
man of the Conservative 
Party. I have never, repeat 
never, met Monica Coghlan, 
nor have I ever had any 
association of any kind with a 
prostitute. 

“Some weeks ago, 1 received 
a telephone call from a woman 
who gave-the name of Debbie. 
She told me that she was a 
prostitnte and that a ‘client* of 
here was letting it be known 
that we had met in Shepherds 
Market and had had an 
association. 

“I told her that this was 
absolutely false and that to my 
knowledge we had never met 
I subsequently received fur- 
ther telephone calls from her 


to the effect that the Press 
were pursuing her as a result of 
disclosures' to them by her 
‘diem’ and that she dm . not 
know bow to avoid the Press. 

“At this time her ‘dieni* was 
insistent that we had in feet 
met. Foolishly, as I now 
realize, I allowed myself to fell 
into what I can only call a trap 
in which a newspaper, in my 
view, played a reprehensible 
part. 

"In the belief that this 
woman genuinely wanted to 
be out of the way of the Press 
and rcatiziig that for my part 
any publicity of this kind 
would be extremely harmful 
to me and for which a Hbd 
action would be no adequate 
remedy, 1 offered to pay her 
money so that she could go 
abroad for a short period, and 
arranged for this money to be 
paid over to her. 

“For that lack of judgement 
and that alone 1 have tendered 
my resignation to the Prime 
Minister as deputy chairman 
of the Conservative Party ” 


Russians want fee 
for Tokyo flights 

By Harvey Elliott, Afr Correspondent 


Gas cloud 

Five chemical workers were 
taken to hospital, one of them 
critically ill, after a fire at an 
1C1 plant caused a massive gas 
cloud to sweep over part of 
Middlesbrough. 


TIMES BUSINESS 


Pay deals drop 

Indications that pay rises are 
slowing down came with 
Confederation of British In- 
dustry figures that average 
settlements in manufacturing 
industry dropped from 6 per 
cent to 5Y; percent in the third 
quarter, their lowest level for 
three years 21 


TIMES SPORT 


Derby draw 

Manchester City and Man- 
chester United, struggling at 
the bottom of theTiret di- 
vision, drew 1-1 at Maine 
Road Page 48 


Hook News 2-5 
Oickos 7-U 

AppK . 1W3 

Arts 12.13 

Births, death? 
marriages 19 
Bssioew 21-24 
Court 18 

fhissworfcKtt 
Dbry 16 

htents 20 
Feature* 14-16 


Lew Reports 

W 

Leaders 

17 

Letttts 

17 

Obituary 

IS 

PmnBomb 

30 

Refepoa 

*2 

Sale Roma 

18 

Some 

19 

Spurt 43-16,48 1 

Thcaurs^c 

12 

TV A Sadia 

47 

Walter 

20 


ft * * * * * 


Russia is demanding up to 5 
per cent of all income earned 
by British airlines from their 
planned non-slop service to 
Tokyo — in return for allow- 
ing planes to Sy 4,350 miles 
through Soviet air space. 

And they are insisting that 
for every two flights, at leas 
one more must tend at 
Moscow. 

The demands will be made 
formally at a top level meeting 
between British and Russian 
officials in Moscow tomorrow 
when the British Department 
of Transport will try to nego- 
tiate overflying rights across 
the whole of Siberia so that 
British Caledonian can begin 
its planned non-stop services 
to Japan next ApriL cutting six 
hours off the present route via 
Anchorage, Alaska. 

British Airways is urging the 
officials to press for more 
licences than the three now 
likely to be granted, so that 


they too can compete with 
Japan Airlines on the route. 
And they believe that British 
Caledonian may not be able to 
afford to high price being 
demanded by Russia in return 
forthe new service. 

Both aaiines w£D be in 
Moscow as ‘observers and 
advisors* and both will try to 
ensure that their views get 
across in the negotiations wnh 
the Russians. 

As well as the spooling’ 
arrangement under which 
Aeroflot will be handed five 
percent of all the cash earned 
by any British airline on the 
route, they are also expected 
to want rights for the Russian 
state airline to pick up pas- 
sengers at Heathrow and fly 
them either to the United 
Stales or Cuba. 

British Caledonian's 
application to fly non- stop to 
Tokyo was fiercely resisted by 
British Airways. 


•wr 



Mr Jeffrey Archer and his wife Mary arriving at their home yesterday (Photograph: Leslie Lee). 


Syrians 
rail at 
Britain 

From Robert Fisk 
. Cairo 

Syrian fury at- Britain's 
allegations of the country’s 
involvement in last April's H 
A1 bomb plot exploded in a 
series of angry threats from 
Damascus yesterday but failed 
to set off the intended chain 
reaction of support in the rest 
of the Arab world. 

Only Libya demanded that 
other Arab states break off 
diplomatic relations with 
Britain, yet there could be no 
concealing the wrath with 
winch Syrian rAdio called for 
a boycott of Britain and 
served warning that it would 
“pay the price" for linking 
Damascus with the attempted 
bombing. 

British diplomats — indeed, 
Bri tish citizens in general — 


may now become. tercets for De pu&ns Pea in an American 
many of the ^°^ a2 h ^ s . b “ n 


groups which receive support 


Support sought 

Britain will be looking for a 
strong public expression of 
support for its decision to 
sever diplomatic relations with 
Syria when Sir Geoffrey 
Howe, the Foreign Secretary, 
briefs the other EEC foreign 
ministers m Luxembourg to- 
day on the evidence linking 
Syria with terrorist activities. 


from the radical Middle East- 
ern states, not least Abu 
NidaTs Palestinian assassin*- 
don squad. 

Syria would not necessarily 
be behind such attacks; of- 
ficials in Dasmascus have 
been ax pains to promise 
protection for British res- 
idents in the city. But by 
adding Britain tothai object of 
femiliar hate, the “US-Zaonist 
conspiracy," Arab extremists 
have ensured that Britons are 
now almost as much at risk in 
the region as Americans. 

Mr Roger Tomkys, the Brit- 
ish Ambassador in Damascus, 
was packing yesterday in 
ration rar his departure. 
while his staff — 
like their counterparts in the 
Syrian' Embassy in London — 
were trying to make arrange- 
ments for a friendly embassy 
to open an interests section on 
their behalf The US and 
Canadian ambassadors left 


Condoned on page 20, col 1 


A million Africans are 
set to die from Aids 

By Thompson Prentice, Science Correspondent, Kinshasa. Zaire 

A miflion people in Africa predominantly transmitted IS per cent of donated blood 

through heterosexual liaisons. 


will die from acquired im- 
mune deficiency syndrome 
(Aids) in the next few years 
and several million are al- 
ready carriers of the lethal 
virus, according to a new 
report tty world experts. 

The disease is spreading 
rapidly and almost un- 
controlled across the conti- 
nent and a concerted 
international effort to help 
more than 20 African nations 
struck by the epidemic is 
urgently needed, it says. 

Emergency action to try to 
control and prevent further 
spread of the disease is essen- 
tial. but huge political eco- 
nomic and social problems 
stand in the way, it says. 

The report which is soon to 
be published' in an American 


The incidence in some Af- 
rican cities, such as Kinshasa 
in Zaire and Kigali in 
Rwanda, has reached between 
550 and 1,000 cases for every 
million adults: 10 to 20 times 
higher than the rate in Britain 
and higher than anywhere else 
in zhe world. 

For every case there may be 
up to a hundred carriers who 
may develop symptoms or 
infect others. 

Increasing numbers of chil- 
dren are being bom with 
traces of the Aids infection. In 
one maternity hospital in 


Killer called slim 


14 


obtained^. The Time during 
investigations into Aids in 
Africa. The report is one of the 
most revealing insights yet 
into the impact of the di s ea s e 
in the continent. 

It shows that across Africa 
Aids is as common among 
women as men and is 


Zaire 8 per cent of pregnant 
women were' found to be 
infected and at least .12 per 
cent of children aged between 
one and two attending Kin- 
shasa hospitals have traces of 
the virus in their blood. 

Blood banks are contami- 
nated in many African coun- 
tries but donors are not being 
screened because of lack of 
resources or expertise. Up to 


Millions to go on 
new campaign 


The Government is to 
spend millions of pounds to 
extend its campaign against 
Aids, which is seen by Mr 
Antony Newton, the Minister 
for HeaJth, as his top priority. 

Mr Newton indicated yes- 
terday that senior ministers 
are pressing for a leaflet drop 
to every household rather 
than the television advertising 
campaign backed by most 
Aids specialists. He will an- 
nounce exact plans in the next 
two to three weeks. 

^Speaking on the Weekend 
World programme .yesterday, 
Mr Newton said that “several 
million pounds" would be 


By JiH Sherman 

paper campaign." Mr Newton 
said on the London Weekend 
Television programme. 

He said that the strongest 
option now bring considered 
was a leaflet drop to every 
household, providing explicit 
information on the risks of 
catching Aids and how to 
prevent its spread. This could 
be accompanied by a tele- 
vision campaign drawing the 
public's attention to the 
leaflets. 

Mr Newton implied that a 
separate television advertising 
campaign was not now fa- 
voured by the Cabinet. “A 
campaign which caused a lot 


in Kigali is contaminated. 

“It is evident that the 
Human Immunodeficiency 
Virus infection is well estab- 
lished in certain populations 
and will continue to spread 
rapidly through Africa." the 
report says. “Aids has become 
a major ’health threat to all 
Africans and prevention and 
control through educational 
programmes and blood-bank 
screening must become an 
immediate public health 
priority." 

Even if further infections 
were prevented, the report 
says, substantial numbers of 
Aids cases could be antici- 
pated during the next decade 
from people already infected. 

The report adds support to 
the evidence that the Aids 
virus is uansmittable from 
women to men as well as from 
men to women. “It is biologi- 
cally plausible since the virus 
can be isolated from semen as 
well .as from cervical/vagjnal 
secretions." The numbers of 
men with Aids who have had 
frequent sexual intercourse 
with prostitutes is a further 
indication of the mode of 
transmition, the report says. 

Urgent research was needed 
into the links between Aids 
and similar viruses which 
have been found in the Af- 
rican green monkey and the 
macaque, another species of 
monkey, because of their pos- 
sible role in vaccine research. 

• Several million people in 
Africa are estimated to be at 
risk of developing the d isease 
and pasting it to others. Up to 
30 per cent of those infected 

Continued on page 20. col 7 


Nervous 
start 
to Big 
Bang 

By Richard Thomson 

Banking Correspondent 

Thousands of nervous 
money men took an earlier 
train this morning in time for 
the start of the City's new era. 
Many had spent the weekend 
checking the new technology 
on which the profitablHity and 
even the existence of their 
companies now depends. 

Today is Big Bang, the 
culmination of more than a 
year of frantic preparation and 
the expenditure of hundreds 
of millions of pounds by 
financial institutions. 

“It will be utter chaos," one 
broker prophesied. 

One thing seems certain: 
stock market trading will start 
quietly as people get used to 
the new systems. 

One of the main changes is 
the abolition of fixed mini- 
mum dealing commissions on 
stocks and shares. This is 
likely to lead to intense com- 
petition among brokers deter- 
mined to offer a cheaper 
service than their rivals. Prof- 


Leading article 17 

Muffled beginning 21 
Special Report 27-42 


its of wealthy broking busi- 
nesses are likely to be slashed 
as commission rates drop by 
more than half 

The new markets are based 
on prices flashed up on com- 
puter screens, although face- 
to-face dealing on the Ex- 
change floor will continue. 
There is concern that the new 
technology, on which dealers 
depend, will not work and that 
its un familiarity will cause 
dealers to make mistakes. 

These fears may mean more 
business than expected re- 
mains on the Stock Exchange 
floor, where such outmoded 
technology as pencil and paper 
will continue to be used. 

Time is money in the new 
market. Last week many mar- 
ket-makers complained that 
an eight-second delay in up- 
dating prices on the Stock 
Exchange's information sys- 
tem was too long. A rehearsal 
for the new equity markets 
system highlighted many of 
the technological pitfalls. 
Computers broke down, deal- 
ers in-put wrong prices by 
mistake and telephones failed. 

To avoid the danger of 
being caught out by compet- 
itors, some brokers are not 
allowing their dealers out of 
the office during trading 
hours. At James Capel, the 
stockbroker, gourmet sand- 
wiches will be provided for 
dealers. 

At Scrimgeour Vickers, the 
broker, a recent gas explosion 
caused rainwater to 
shorlrimiit crucial computer 
wires. At the Bank of England 
there was a small fire. The 
City will be praying that no 
such Acts of God will add to 
the problems of what may be a 
fraught day. 


made available to extend the , of people to switch off either 
campaign once ministers had literally or figuratively, would 
decided on the most effective 
medium. 

“I regard Aids as the most 
urgent problem on my desk. 

We are determined to build on 
our present national news- 


risk being counter 
productive.” 

Aids specialists yesterday 
were sceptical whether Mr 
Newton's personal commit- 

Cootmued on page 28, col 7 


£ 15 m still needed for tunnel 


By Richard Thomson 

Banking Correspondent 

Negotiations to persuade 
potential investors to commit 
money to the Eurotunnel 
project continued over the 
weekend, as the Wednesday 
deadline neared for the £206 
million financial 

arrangement. 

About 40 British institu- 
tions have agreed to put up 
money, with around £15 mil- 
lion still needed to complete 
the British part of the deaL 

By the end of last week the 


failure of British institutions 
to produce the full £70 million 
that Eurotunnel hopes to raise 
in this country had raised fears 
about the future of the project. 

The entire financing 
arrangement will fell through 
if the total £206 million is not 
reached in the next few days. 
The slowness of British inves- 
tors to commit themselves 
does not bode well for the 
second round of financing to 
raise £750 million. 

However,Eurotunnel is 
sounding confident about rais- 
ing the required capital from 


British investors despite fears 
about what is perceived as a 
highly risky project. 

The £70 million being 
raised in France is said to be 
virtually complete. If the Brit- 
ish side did not come up with 
its share, Eurotunnel made it 
dear that it would seek the 
extra money from elsewhere 
abroad. 

Investors in the US and 
Japan are being asked to 
commit £40 million to the 
project with a further £20 
million coming mainly from 
other European countries. 


MPs urge visitor bait after near-miss 


By Harvey Elliott 
Air Correspondent 

An air traffic controller who 
missed seeing two British 
Airways jets heading for each 
other on collision course could 


Now MPs are demanding 
n immediate ban on visitors 
ring able to “plug into" 
tdiosand the introduction of 
ew rules to stop them 
isuuoing controllers. 

The report into the near- 
liss between a British Aifr 


ways 737, with 73 passengers 
on board, and a British Air- 
ways BAe HI with 29 pas- 
sengers. says there is no 
positive proof that the 
controller was distracted by 
the two visitors, who were 
peering over his shoulder. 

“But it is possible that the 
presence of two visitors who 
were listening to the radio- 
telephone and watching his 
screen may have 
contributed." they say. 

.And they add: “It is note- 
worthy that Heathrow radar 
control receives an almost 
constant stream of official and 
unofficial visitors and it is 


common practice for them to 
"plugin" to tite RTF beside an 
active controller. It is. how- 
ever, the right of the controller 
to send them away if he thinks 
that their presence is interfer- 
ing with his concentration. 
This does not normally 
occur." 1 

The near- diraster occurred 
at the height, of the summer 
season at 10 JO am on Tues- 
-dayv July 29. as the two jets 
.were approaching Heathrow 
for landing. Only the instant 
reaction of the pilot of BA 753 
from Munich, who pushed the 
control column . sharply fbr- 


war^ and sent the Boeing 737 


diving under the l-l I. pre- 
vented a certain accident- . 

Now Mr Robert McCrindle. 
Conservative MP for Brent- 
wood and Onger, chairman of 
the all- party Aviation 
Committee, is writing to the 
Civil Aviation Authority 
demanding an immediate ban 
on the use of equipment in the 
control tower by visitors. 

Mr Michael Spicer, the 
Aviation Minister, also called 
for the papers in the case to see 
if the Government could 
recommend a further lighten- 
ing of safety procedures in the 


ntrol tower. 


Mansell left 
to rue his 
burst tyre 

Nigel Mansell the British 
racing driver, dramatically 
lost his chance of winning the 
world Formula One 
championship in Adetaide 
yesterday when one of his 
tyres burst during the Austra- 
lian Grand Prix and he was 
forced to retire. Mansell who 
was lucky to survive the 200- 
mile an hour incident, was 
lying third at the lime 

.Alain Ptosl of France, won 
the race and with it the world 
title for the second year 
running. . Report, page 48 

ft 



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HOME NEWS 


MP ends action 
over ‘Panorama’ 

Mr Neil Hamilton, one of two Conservative MPs 
awarded damages and costs against the BBC last week in 
the Panorama libel action, said yesterday he would not pro- 
ceed any further against Mr Philip JPedfey, the chairman of 
the Young Conservatives at the time of the programme. 

Mr Hamilton, MP for Tattoo, wrote to Mr Pedley saying 
he did not think any apology he might extract wobU be 
“worth the bother of obtaining". Mr Pedley was a principal 
source for the Panorama programme broadcast in January 
1984. entitled “Maggie’s Militant Tendency". 

Mr Pedley was chairman of a Young Conservative 
committee which produced a report for Conservative 
Central Office on the Ear right in the party. 

Mr Pedley. aged 28, now a member of the Tory Party’s 
national onion executive, said last week be was shocked at 
the BBC's decision to settle ont of court and had refused to 
be a part of the settlement. He said he was prepared to fight 
'the action even if the BBC refused to sapport him 
financially. 

Threats Sun man 
end swap expelled 


THE TIMES MONDAY OCTOBER 27 19S6 




Threats have forced a 
family in Newcastle npon 
'Tyne to abandon plans to 
swap their council boose 
, with the £65.000 home of 
Mr Piers Merchant for a 
. week so the Newcastle 
Central MP could sample 
' life on die dole. 

Neighbourhood pressure 
; has forced Mr Dave 
Nessworthy and his family 
! to change their minds. Mrs 
Caib Nessworthy said yes- 
terday: “We were told there 
would be a riot if we went 
. through with it. It was 
made clear to ns that the 
; trouble would not just be 
; directed at the MP — it 
'would be against ns as 
well." 


The National Union of 
Journalists’ national exec- 
utive has confirmed the 
expulsion of a member who 
joined The Sub as indus- 
trial correspondent after 
the newspaper's move to 
Wapping, east London. 

Mr Carson Black has 
two weeks to appeal. He 
was accused of crossing 
picket lines at Wapping. 

Mr Black was the fifth 
member disciplined by the 
NUJ for working on News 
International papers. The 
others have been “censored 
in the strongest terms" and 
reprimanded. 

Press Council, page 5 



; ‘Lamb war’ report 

Sir Geoffrey Howe, the Foreign Secretary, has been sent 
a detailed report of the latest incidents in the “lamb war" 
with France, and will raise die issue at a meeting of EEC 
foreign ministers in Luxembourg today (Our Agriculture 
Correspondent writes). 

The Government is concerned that consignments are 
’being delayed deliberately by customs officials at die ports. 
- Two recent shipments of Scottish lamb, each of abort 2,000 
carcasses, were stopped and nnloaded, and each carcass in- 
■drridnally weighed and inspected. 

BBC gets 
top films 

The multi-Oscar win- 
ning Out of Africa* with 
Meryl Streep (right) and 
Robert Bedford, and Ste- 
ven Spielberg's Back to the 
Future, starring Michael J 
Fox. are among a package 
of films to be shown on 
BBC television, it was an- 
nounced today. 

The corporation has 
bought the rights from 
MCA Television to 145 
titles, also including Legal 
Eagles, starring Robert 
Bedford and Debra 
Winger, Street Liberty with 
. Bob Hoskins and Michael 
Caine, and Fletch with 
Chevy Chase. The films 
cannot be shown before 
1989. 

Tunnel complaint 

Solicitors acting for the Channel tunnel consortium, 
Eurotunnel have complained to Flexilink. the umbrella 
organization fighting the tunnel abort an advertising 
campaign designed specifically to undermine City con- 
fidence in the £4.7 billion project (Martin Fletcher writes). 

In recent weeks British financial institutions have 
become nervous about the tunnel's investment potential 
and by Friday night's deadline had failed to fund the £72 
million British share of an initial £206 million funding. The 
letter calls for an admission that the advertisements are in- 
accurate. 


Stalker’s deputy is to 
leave police force 

By Ian Smith 



The senior detective chosen 
by Mr John Stalker as bis 
deputy on the long-running 
investigation into allegations 
<Jf a Royal Ulster Constabu- 
lary “shoot to kill” policy is 
i^tiring from Greater Man- 
chester Police next month. 

’ Acrimony and inter-office 
politics have led to the de- 
cision by the Dei Chief Supt 
John Thorbum, joint head of 
Greater Manchster CID, to 
leave after 30 years’ distin- 
guished service and accept a 
lesser role with a private 
security company. 

Mr Thorbum, a close friend 
of Mr Stalker, was deep ly 
upset and angered by the 
deputy chief constable's re- 
moval from the RUC inquiry 
and subsequent suspension 


^ Back strain, a touch of stiffness, a 
pulled muscle or the effect of lumbago 
or sciatica can all be unpleasantly 
painful. 

PR Spray is the really quick and 
effective way to relieve that pain. 

B Unlike most other pain relief sprays, 
PR Spray is coW. It is the spray used by 
professional trainers attending injuries. 

PR Spray,' which is odourless, rapidly 
lowers the temperature of the skin over 
the painful area, and so freezes pain 
out - quickly and effectively 

THE PROFESSIONAL 

WAY TO STOP PAIN. V 



Piping to I Thatcher 





victory 

The waiting sound of pi- 
broefts -wafted around Blair 
Atholi in the Highlands at the . 
weekend, as leading bagpipe 
players gathered for the world 

piping championship. ~ 

There were Canadians, 
Australians and New Zealand- j 
era in the contest but the Scots 
proved their supremacy by 
taking firaf places 
As hundreds gathered to 
listen at Blair Castle, the home 
of the Duke of Atholi, Iain 
MacFayden (left) of Kyle of 
Lochalsh, squeezed and blew 
his way to his fourth victory in 
the contest, sponsored by a 
whisky firm. 

Each of die ten competitors 
had to play a traditional 
pibroch as well as a march. 
Strathspey and reel 


while accusations that he had 
associated with known crim- 
inals were investigated by Mr 
Colin Sampson, chief con- 
stable of West Yorkshire. 

Mr Sampson replaced the 
man he was investigating on 
the R UC inquiry and demoted 
Mr Thorbum to third m the 
investigation team. A West 
Yorkshire senior detective 
was chosen as deputy. 

Mr Thorbum last night 
emphasized that he was nei- 
ther resigning or quitting and 
that his decision to leave was 
unconnected with the RUC 
investigation, which has now 
ended. 

Last night Mr Stalker said: 
“Wc are losing a detective of 
great ability.” 


Allegation 
‘hawked 
around 
Fleet St’ 

By Michael McCarthy 

The Archer affair has its 
beginnings, as with many a 
scandal of the past 25 years, in 
a set of altesitions about a 
politician being hawked 
around Fleet Street for money. 

Over the past six weeks a 
damag ing accusation about 
Mr Jeffrey Archer has been 
made to a number of national 
newspapers. 

The News ofThe World said 
yesterday that the man ped- 
dling the story was Mr Aziz 
Kurtha, a lawyer who in 1985 
presented an Asian magazine 
programme. Eastern Eye, on 
Channel Four television. Mr 
Kurtha was said to be deter- 
mined to “get" Mr Archer. 

The newspaper said he had 
approached it with the allega- 
tions but it had declined to 
pay him, adding that Mr 
Kurtha had then gone to The 
Daily Mirror and “boasted" 
that he bad signed a contract 
worth£10,000 with the Mirror 
Group. 

Later editions of the group’s 
Sunday papers, the Sunday 
Mirror and The People, car- 
ried denials of any deal. Mr 
Robert Maxwell the pub- 
lisher, was quoted as saying; 
“This allegation is a tie de- 
signed to lustily the News of 
The World’s payment to a 
prostitute who has co-op- 
erated with them in an act of 
entrapment for the purposes 
of gening a sensational story." 

The Mail on Sunday also 
claimed yesterday that it had 
been approached over the 
allegations and been asked for 
£50.000 by “a representative" 
of Miss Monica Coghlan, the 
prostitute involved, but had 
refused the offer. Mr Stewart 
Steven, its editor, was said to 
have warned Mr Archer dur- 
ing the Conservative Party 
conference that the story was 
being touted around. 

Mr Kurtha was not to be 
(bund yesterday at his office in 
Chancery Lane or his home in 
Richmond, Surrey. 

Fleet Street observers were 
saying Mr Archer’s mistake 
had been in doing anything 
about the situation. Had he 
not made the arrangement to 
pay Miss Coghlan to go 
abroad, it was susested. noth- 
ing would have been printed. 

Mr Archer was tape-re- 
corded by the News of the 
World arranging to pay Miss 
Coghlan to go abroad. He 
made an appointment for an 
emissary to meet her on a 
platform at Victoria Station. 

The next day Miss Coghlan 
kept the appointment with Mr 
Archer’s go-between, Mr Mi- 
chael Stacpoole, a London 
public relations consultant. 
The newspaper photographed 
him handing Miss Coghlan an 
envelope containing an es- 
timated £2.000 in £50 notes. 


Jeffrey Archer, rarity who 
fuelled the nation’s gaiety 


The fall and rise and fall 
again of Jeffrey Archer is a 
story that would have the 
critics shrieking “wildly 
improbable" if he were ever to 
have offered it in one of his 
novels. 

The tragedy is that his 
misjudgement over a call-girl 
has deprived British politics 
for a second time of one of 
those rare politicians who 
actually added to the gaiety of 
the nation as well as proving 
^Conservative Party’s most 
committed worker. 

Significantly there was no 
rush of fellow politicians yes- 
terday lo crow over his down- 
fall after what had been one of 
the most remarkable come- 
backs in modern politics. 

For the second time in his 
life he has resigned a political 
post he adored to spare his 
party embarrassment. 

Jeffrey Archer is in some 
ways the epitome of the 
Thatcher years. He was (he 
middle-class boy from Somer- 
set who made it to the too. He 
got where he did by -beer 
relentless drive. 


By Robin Oakley, 
Educated at Wellington 
School, Somerset and 
Brasenose college, Oxford, 
Jeffrey Archer became a 
successful athlete, eventually 
running for Britain and hold- 
ing the Oxford record for the 
100 yards. At .the same time 
he became a student en- 
trepreneur, luring the Beatles 
to Oxford for a charity concert 

6 There are two 
Archers: one 
relentless for success; 
one a quietly loyal 
friend 9 

that scandalized some digni- 
taries but made his name. 

He became a GLC coun- 
cillor, and in 1969 won the 
nomination for the Lincoln- 
shire seat of Louth, and the 
ensuing by-election, entering 
the Commons at the age of 29. 

His business interests pros- 
pered and he became the 
owner of a fine collection of 
modem art 

There were then two Jeffrey 


Political Editor 
Archers. One was the retent- 
less setter after success. The' 
other was the quietly loyal 
friend who never sought pub- 
licity for the medical treat’ 
meat be funded for a dying 
friend or the start he gave to 
others in business. 

But in 1973 he invested 
£427,000 on the tip of an 
American bank which had 
itself invested in shares of a 
Canadian company called 
Aquabiast 

The venture proved to be a 
fraud. Archer was facing bank- 
ruptcy and in 1974 he resigned 
his seat But he survived 
without being made bankrupt, 
getting by on the salary earned 
by his wife Mary, a don at 
Newnham College, 

Cambridge. 

In ten weeks he produced 
his first novel Not a Penny 
More, Not a Penny Less, the 
story of how four victims of a 
multi-national swindler 
gained their revenge. 

It sold a million copies in a 
year and Archer’s new career 
was launched. 

His financial fortunes re- 


stored, a wiser, less bumptious 
Jeffrey Archer began to pick 
up the threads of the political 
life 

Unobtrusively at first he 
began to speak all round the 
country in support of Conser- 
vative MPs. His hard work 
was noted by Mrs Tha&ber. 
who enjoys the Archer novels, 
and just over a year ago she 
brought him back into the 
Conservative team as deputy 
c hairman at Conservative 
Central Office. 

The new job began disas- 
trously. Archer gave a ractio 
interview abusing the- un- 
employed lor not “getting off 
their backsides" as he had 
done. 

A few mini-gaffes followed, 
but by the time of this year’s 
Conservative party con- 
ference Jeffrey Archer’s recov- 
ery was complete. He had 
proved a hit around the Tory 
shires, with .a quite incredible 
worioate. He had become a 
key figure at Central Office* 
and a respected member of the 
Prime Minister’s circle of 
occasional consultants. 


The political pitfalls of life at the top 


By Our Political Editor 

President Mitterrand of 
France remarked during one 
recent sex scandal in British 
politics that if he were forced 
to restrict the formation of his 
Government to those who bad 
never bad extra-marital affairs 
or been known to indulge in 
sexual peccadilloes, then his 
choice would be restricted to 
some forty homosexuals. 

The unspoken Whitehall 
protocol which results in the 
harrying out of office of poli- 
ticians because of in- 
discretions in their private 
lives is a particularly British 
phenomenon. People in public 
life are judged by harsher 
standards than the rest of os, 
and the closer a party is to an 
election the more rigidly those 
standards are applied. 

Even though he denies the 
allegation that he had any 
contact with a prostitute. Jet* 
frey Archer has become the 
latest victim of the 
phenomenon. 

The scandals in British 
politics are generally about 
money when they involve the 
Labour Party and sex when 
they involve the Conser- 
vatives. Certainly there have 
been enough examples in re- 
cent years. 

In 1963, Mr John Profumo, 
the Secretary of State for War, 
was forced to resign from the 
House of Commons over his 
association with the pro sti tute 
Christine Keeler. 

In 1973, Mr Edward Heath 
accepted the resignation of 
Lord Jellicoe, Leader of the 


House of Lords, after he had 
confessed to having casual 
affairs with girls from escort 
agencies. 

Also in 1973, Lord 
Lambton, then Parliamentary 
Under Secretary for die RAT, 
resigned both , his ministerial 
post and his seat in the 
Commons OTer his association 
with the prostitute Norma 
Levy. Like Jellicoe, he had 
immediately disclosed the 
truth abort his relationship, 
but that made no difference. 

la 1976, former Labour 
Minister John Stonebouse 
was jailed for seven years for 
deception, after faking his 
death by drowning in MfamL 
He Bed to Australia where he 
was later joined by his sec- 
retary, Sheila Buckley, with 
whom be had been having an 
affair and whom he later 
married. 

Remarks he made abort die 
conduct of a sex case led 
Scottish Solicitor General Mr 
Nicholas Fairbairn to resign in 
1981, but most MPs believe 
that he would not have had to 
go if it had not been for his 
earlier affair with a House Of 
Commons secretory, who tried 
to commit smride at his 
London flat 

The most famous case in 
recent years was tint of Mr 
Cedi Parkinson, the former 
Conservative party chairman, 
who admitted in 1983 that be 
had been having an affair with 
his former secretory Miss 
Sara Keays, who was expect- 
ing his child. 

Psychologists say the main 


reason politicians become in- 
volved in such situations Is 
that many are mm of great 
drive and ambition, which is 
frequently associated with a 
togb sex drive. The fascination 
of many women with power 
adds to the risks. 

The Parliamentary lifestyle 
said to be another factor.There 
are - 13 bars in Parliament 
which can add to the loosening 
of inhibitions. Most poli- 
ticians maintain second homes 
in London and when their 
work is done there is the 
temptation to linger for 
company. 


Loneliness and exhaustion 
Is said to have modi to do with 
it. 

As far encounters with pros- 
titutes, politicians are argu- 
ably more Kkdy to encounter 
the opportunities. One of foe 
■tain characters in Jeffrey 
Archer’s recent iwd abort 
Parliament, First - Among 
Equals, was caught out by inch, 
an encounter. The fictional 
character Raymond Gould 
survived the confrontation and 
the ensuing blackmail at- 
tempt Mr Archer has not been 
so fortunate. 


faces new 
battle on l 

Westland ?■ 

By Martin Fletcher 
Political Reporter j 

A document dissec^g i^e 

Government’s fornial reply! to 
the defence select committee s 
report on the Wetland affair - 

Wests that the Government j 

faces a rough ride when the 
subject is detetedm the s 

Commonson Wednesday. 

■fiie 1 0-page document, > 

from which none of the mern- 
bers of the Tory-dominated 
committee dissented, ;**P*®" « 

seats a scathing. po»nt-oy- * 

point dismissal of the 
Government reply. That not 
only rejected all the 
committee's wkle-rangrt!J5 
criticisms but also, signalled ; 

the Government’s intention to >. 

curb select committee powers 
by instructing Civil Servants 
not to answer questions about 
their conduct. • 1 

One source described the , 

document as not so much a ] 

“rebuttal"' as “an analysis of i 

the shallowness" of the gov- 
ernment arguments. 

The document notes that i 

the Government had sin- 
gularly failed to respond to the 
committee's challenge to pro- 
duce a more convincing inter- 
pretation of the • evidence 
surrounding the Westland de- ; 

bade than its own. ' ■ 

The Government’s reply i 

was based on patently erro- 
neous assumptions and its 
arguments could therefore be 
dismissed out of hand. 

The document deplores the 
carelessness with which the 
reply hadbeen compiled. 

1 U/Mtlami incmirv dwelt 


ex tensi vely on the roles of the 
Prime Minister’s press sec- 
retary, Mr Btemard Ingham, 
and a Do wni ng Street private 
secretary. Mr Charles Powell 
neither of whom the commit- 
tee had been able to question. 

Only one minister was 
responsible for them. Was the 
committee to assume it should 
summ on Mrs Thatcher? 

Dr John Gilbert, senior 
Labour member of the 
committee, has now written to 
Mra Thatcher asking whether 
she would be prepared to 
appear " before a select 
committee. 

On die question of Civil 
Servants being instructed not 
to .answer questions about 
their conduct, the document 
claims that this would render 
inoperable the Public Ac- 
counts Committee, which has 
i to question accounts officers, 
and the committee that shad- 
ows the ombudsman. 

Italso accuses the Govern- 
ment <>f having failed to think 
through the* implications for 
other committees. 

On . Wednesday,' back- 
benchers an both sidirt of the 
House wifi vent their anger in - 
the Commons. Several believe ; 
the Government will find its r 
position untenable: : . „ * 


OLD RUEDESHEIM-ON-THE-RHINE ^ 


Knowsley North by-election 


World of crime and poverty 




By Richard Evans 

Political Correspondent 

The parliamentary constit- 
uency of Knowsley North, 
sandwiched in no man’s land 
between Liverpool Southport 
and St Helens, has two public 
faces — one of fact, another of 
fiction. 

It was in Kirkby. a sprawl- 
ing Liverpudlian overspill es- 
tate which makes op two- 
thirds of the seat, that Z Can 
was filmed in the 1960s. But 
by modern day cops-and-rob- 
ber standards, the quaint 
world of Bert Lynch. Jim Watt 
and Charlie Barlow is light 
years away from the crime 
wave facing police today. 

With 92 crimes per 1.000 
population last year, Knowsiey 
bo rough has one of foe highest 
crime rates in the country. 

A statistical profile of the 
constituency prepared for The 
Times by CACl shows that 
more than one in three people 
aged between 16 and 34 are ont 
of work. Overall 35 per cent 
of men are jobless compared to 
16 per cent of women and 
11 per cent of the workforce 
has been ont of work for more 
than two years 

Figures show a majority of 
the constitntency live in the 
worst kind of housing in 
Britain. Nearly 47,000 people. 
59 per cent of the population, 
live in what are called the 
poorest kind of council estates. 

Although there has been a 
significant increase in the 



The Asbach Story 

It could easily be argued thatRucdcsheim is the. 
gateway to that most beautiful part of the-River Rhine with 
its vineyards and castles. 

What is beyond d isputc is that it is the home of that 
most sought after German Brandy - Asbach Uralt, For it / 
was here, around the turn of thccentury that Hugo '-A 
Asbach founded his world-famous distillery. 

It takes fivclitrcs of the finest wines to produce 
one single bottle of Asbach Uralt. Whatit also takes is LS C '* 
die family skill in distilling; thematuringin ••''■Hi 

Limousin oak barrels; and of course the blending, fpl| 
handed down through generations, to create this ■[.'**& 

soft, mellow, golden brandy. The after dinner - 
brandy that isn’t just for after dinner. ... 

Discover it in discerning restaurants arid. . 
ofTliccnccs, or comcand see us herein Ruedcshckn ^ -J; 
from Monday to mitl-day Friday for a fasti ng. 

For further information write 
Weinhrcnncrci, Asbach & Go, 6220 Rucdeshcim am 
Rhein, Pnsdach 1 130, West Germany. 


Wi 

tafi-Ucott-v: 




elderly population during the 
1980s. the constituency still 
has the fifth highest popnla- 
tion aged 16 to 24 in the 
country. 

Given such a bleak and 
depressing picture, it is hardly 
surprising Knowsley North 
has proved an ideal breeding 
ground for militant poll tics 
and crime. In the first six 
months of this year, recorded 
crime went op' 6.7 per cen£. 


compared with the mw# pe- 
riod last year. Violent crime 
increased by 16.6 per cent, 
arson and damage to buildings 
rocketed by 46.7 per cent and 
sexual offences rose by 66 per 
cent Burglaries account for 
22 per cent of all crime while 
hard drug taking by jobless 
youngsters is a growing threat. 

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THE TIMES MONDAY OCTOBER 27 1986 


HOME NEWS 


W omen’s employment 
‘strengthened’ by 
tribunal job-share rule 

By Frances Gibb, Legal Affairs Correspondent 

v * snor Has won the Board, her employer, refused time for the board until she 
nght to return to work on a ' - 

job-share basis after having a 

tL 


industrial tribunal rul- 
ing is being seen by the Equal 
Opportunities Commission, 
which backed the ‘woman in 
her claim, as a significant step 
m the strengthening of 
women's employment rights. 

The tribunal in Glas go w has 
held unanimously that Mrs 
Marie Carey was unlawfully 
discriminated against when 
the Greater Glasgow Health 


her request for a job-share. 

The tribunal has called on 
the board to alter the terms 
and conditions of her contract 
so that she is not required to 
work for more than three days 
or part of three days each 
working week. 

The requirement to work 
every day was unjustifiable 
and “caused detriment" to her 
in terms of child care arrange- 
ments and travelling, the tri- 
bunal held. 

Mrs Carey, who worked full 


Drive to extend right 
on age of retirement 

By Peter Evans and Frances Gibb 


A test court case on the 
retiring age for women, and 
proposals for strengthening 
the present law on equality are 
among moves by the Equal 
Opportunities Commission to 
speed up legislation against 
discrimination at work. 

The hearing in the Court of 
Appeal, due on February 1 7, is 
expected to come ahead of a 
Bii) before Parliament to give 
women in private jobs the 
right to retire at 65. 

The Bill, to amend the Sex 
Discrimination Act, will not 
come into force until the 
summer of 1 987 or even later, 
the commission says, and it 
wants to cut the delay. 

The case concerns Mrs 
Peggy Duke, retired at the age 
of 60 by a multinational 
company. Her claim that Reli- 
ance Systems, part of the GEC 
group, discriminated against 
her because she is a woman 
was rejected by an employ- 
ment appeals tribunal. 

Women working in the 
public sector have already 
won the right to retire at the 
same age as men, the commis- 
sion says, because of the 
victory won by Miss Helen 
Marshall, a Southampton 
dietician. 

She look her former em- 
ployer, the South-west Hamp- 
shire Area Health Authority, 
to the European Court of 
Justice on a charge of unlawful 
sex .discrimination, having 
been forced to retire at 62, 
while male colleagues worked 
on to 65. 

Meanwhile a statutory 
minimum ^award of 
compensation is among pro- 
posals in a package which the 
commission has pul forward 
to strengthen the present 
equality laws. 


Compensation awards for 
sex discrimination are at 
present very low and fail to 
reflect the seriousness of the 
discrimination for the in- 
dividual. it says. 

The commission also wants 
power in some circumstances 
to order changes to practice or 

The six-week period of ap- 
peal allowed to Sogat *82, the 
print ~ union, against non- 
discrimination notices served 
by the Equal Opportunities 
Commission runs out this 
week. 

The notices were served on 
September 16 on the un i on and 
its London Central branch and 
the Greater London branch, 
formerly the London Women's 
branch. 

The Commission says it was 
made aware m 1978 of prac- 
tices that irraird to be unlaw- 
ful because they excluded 
women from the best jobs. 

A formal investigation 
centred on the extent to which 
job segregation was reflected 
in the organization of Sogat 
members into two separate 
brandies, one wholly female 
and tbe other predominantly 
male. 

procedure and greater powers 
to bring employers who are 
discriminating before the 
courts. 

The commission has out- 
lined its proposals for change 
in a consultative document in 
the light of 10 years' experi- 
ence of administering the Sex 
Discrimination Act 1975 and 
the Equal Pay Act 1970. 


went on maternity leave, had 
asked to come hack on the 
basis of sharing a full-time 
post with another health vis- 
itor, to be chosen by the board. 

She said she knew two 
prospective candidates who 
were willing to take part in 
such a scheme. 

The board offered her part- 
time work of between seven- 
teeu-and-a-half and 20 hours a 
week, but that would have 
involved Mrs Carey working 
every day, either mornings or 
afternoons. 

She said she was willing to 
accept tbe part-time job but 
Only on the basis that she 
worked a full day, two and a 
half or three days a week, 
because she relied on her 
mother right miles away to 
look after the baby and the 
long hours and travelling in- 
volved made working every 
day'impracticable. 

The board rejected her pro- 
posal saying: “Health visiting 
is a speciality in which it is 
necessary — to have health 
visitors work on part of each 
day Monday to Friday so that 
continuity of client contact is 
maintained." 

Health visitors had to be 
available (o attend case con- 
ferences and daily visits might 
be needed where there were 
cases of suspected child abuse, 
the board said. 

It accepted, however, that 
weekends were covered only 
on an emergency basis. 

Mrs Carey maintained that 
patients would not be shared. 
Each health visitor would 
have her own case load. She 
said that if needed when not 
on -duty, she would make 
herself available. 

In its findings the tribunal 
said that Mrs Carey was 
interested in her job and 
wanted to continue with it. If 
she worked only half time she 
would earn only half as much 
but that “she saw this as a 
price she was willing to pay in 
order to continue with her 
career on (he one hand and to 
look after her family in the 
best way possible on the other 
hand". 

The tribunal echoed the 
important ruling in 1984 
against the Home Office in 
favour of women being al- 
lowed to come back to work 
part-time after a baby, when it 
said it was an accepted fact 
that “in our society women 


Legislation (EOC, Overseas greaiesi n 
House. Quay Street, Manchester care Of 
M3 3HN. free). children’ 


extremely young 


‘Poor diet 
due to lack 
of choice’ 

By John Young 
Agriculture Correspondent 

Mrs Edwina Currie may 
consider that people in the 
north of England eat the 
wrong things through ig- 
norance, but a survey pub- 
lished today suggests that it is 
at least partly due to lack of 
choice. „ . 

The survey by the Socialist 
Health Organization, with the 
assistance of - Mr Brymnor 
John, the Labour Party’s agri- 
culture spokesman, found that 
the range of choice was more 
cfosriy linked to social class 
than to region. 

There was a consistent ten- 
dency for stores catering for a 
largely working-class clientele 
to offer a poorer selection of 
healthy foods. 

There were, however, two 
cases in which there was a 
significant regional variation. 

Low-fet sausages could be 
bought in nearly fourth-fifths 
of stores in London and the 
South, but in only halfthose in 
the rest of the country. Low- 
fat mince could be bought in 
more than two-thirds.of stores 
in London, the South and the 
Midlands, but was unavail- 
able in nearly four out of five 
of those in the North, Wales 
and Scotland. 

Even when low-fat or sugar- 
free foods were available, the 
range of choice was often 
restricted. There might be 
only a single sugar-free muesli 
or one or two low-fet cheeses. 

Tbe survey also claims to 
show “beyond any doubt" 
that the healthy version of 
most foods tends to cost more, 
sometimes substantially 
more. “So long as this pnee 
differential exists, there can- 
not be said to be a true 
freedom of choice for those on 
low incomes." it says. 

In another survey, by the 
Euromonitor research 
organization, concern about 
healthy diets was found to be 
greatest among women aged 
between 35 and 44 in the 
higher social groups. Of those 
who had altered their eating 
habits. 72 per cent had in- 
creased their intake of fibre 
and 63 per cent were eating 
more fresh fruit and 
vegetables. 

More than hair had reduced 
sugar consumption and 52 per 
cent were using less salL In the 
dairy sector, consumption of 
skimmed milk increased by 
1.400 per cent between 1980 
and 1985 and low-fet spreads 
bv 100 per cent. In the same 
period- butter consumption 
fell by 30 per cent. 


Teachers angry at 
threat to coaching 


Teaching unions reacted 
angrily yesterday to Bir- 
mingham City Council’s 
threat to discipline primary 
school teachers who give ex- 
-tra-curricular hdp to children 
seeking places in die city's 
grammar schools. 

Mr David Hart, general 
secretary of the National 
Association of Head Teachers, 
said that teachers instructed 
not to co-operate with the 
selective system were being 
placed in an impossible 
position. 

“We would certainly oppose 
any instruction and we will be 
taking it up with the city 
council as a matter of 
urgency," he said yesterday. 

“If members of the NHT 
wish to provide appropriate 
information for parents who 
want their children to go to 
grammar school I think they 
should be allowed to do so. It 
is quite wrong literally to 
threaten teachers with disci- 
plinary action for not <»- 
operating with the selection 
process." 

Miss Christine Keates, sec- 
retary of the Birmingham 
branch of the National Associ- 
ation of Schoolmasters and 
Union of Women Teachers 
condemned the Labour-con- 
trolled council for using teach- 
ers to mount a “baa door 
attack on grammar schools". 

“We believe the council 
should tackle the issue of 
secondary education in policy 
terms, not in threatening its 
own employers,” Miss Keates 
said. 

The council directive effec- 
tively bans teachers from 
providing special coaching 


and advice on text books to 
any of the estimated 90.000 
primary school pupils in Bir- 
mingham who are gifted 
enough to win a place in the 
city’s 23 grammar schools. 

• Mr Leslie Byron, chairman 
of Birmingham education 
committee, said that the threat 
of disciplinary action came 
after complaints from some 
parents that brighter children 
were getting “preferential 
. treatment". 

Brent to consider 
plea over race case 

Brent councillors wfll today 
begin to consider their reply to 
a personal appeal from Mr 
Kenneth Baker, the Secretary 
of State for Education, to 
reinstate Miss Maureen 
McGoldrick. the headmistress 
suspended for an alleged racist 
remark (Nicholas Wood 
writes^ 

Last week, a High Court 
judge ruled that the Labour- 
run borough, was not entitled 
to pursue its allegations 
against her after she bad been 
cleared by the governors of 
Sudbury Infants SchooL 

Today, a letter from Mr 
Baker will land on the desk of 
Mr Forster. It says Mr Baker is 
“most concerned" about the 
“uncertainty" surrounding the 
bead's position and adds that 
the interests of children at her 
school are being put at risk. 

Irrespective of whether or 
not the council decides to 
appeal, be asks the authority 
“carefully and sympatheti- 
cally to consider his view. on 
the evidence available to him, 
that it would be right now to 
reinstate Miss McGoldrick". 



Mr Roger Foreman ami Miss Catiuyn Townsend setting off from Brighton yesterday on a 6,700-mile round-Britain walk to 
British Heart Foundation. The couple, from Portslade, East Sussex, aim to complete their journey in a 


raise money for tbe 


record 40 weeks and raise £10,000 (Photograph: John Williams). 


Judge may 
challenge 
Hailsham 

By Our Legal Affairs 
Correspondent 

Judge Pickles stepped 
deeper into controversy yes- 
terday with a statement in 
which he says he is prepared 
to take legal proceedings 
a gainst Lord Hailsham of St 
Maryiebone, the Lord Chan- 
cellor. 

Tbe judge, known for his 
criticisms of the system of 
appointing jud ges, has taken 
up tbe case of the dismissal of 
a recorder, Mr Manns Ntraan, 
which is now nnder review. 

The Lord Chancellor’s de- 
cision is likely to be known 
within the next month and 
Judge Pickles made dear 
yesterday - that he wQI be 
prepared to help challenge it, 
if necessary, in the courts. 

“I have told Lord Hailsbam 
that in pursuit of justice for the 
man concerned I am prepared 
to co-operale (in my private 
capacity) in an application to 
the High Coart for judicial 
review", he said. 

He added that be would also 
go to see the Prime Minister to 
pat “all the fads to tbe 
public", who “are entitled to 
know what went wrong" Jn his 
view, Mr Nnnan had until now 
been nnjnstly treated. _ 

“Lord Hailsham, . . whose 
many virtues are not headed 
by humility or self-critiasm, 
operates a system of appoint- 
ing judges and similar office 
holders which is wrong.” 

The judge’s statement to 
The Times comes after a report 
that a direct quotation from 
him has been removed from a 
BBC2 television programme, 
Hails kam’s Law, to be broad- 
cast next Wednesday. 

The quotation, taken from a 
radio interview with the judge 
in the spring, attacks the way 
judges are chosen. It has been 
taken ont after discussions 
with the Lord Chancellor’s 
Department 

In it the judge said: “The 
feet is that most of ns do come 
from a narrow privileged class. 
It would be better if the bench 
could be drawn from all sec- 
tions of society and that tends 
not to be so." 

The BBC confirmed yes- 
terday that it had been taken 
out Bntit denied that the Lord 
Chancellor’s officials had ob- 
jected. “That is too -strong a 
word", it said. ' 

“There was no prior agree- 
ment to show tbe department 
the script but the producer did 
so as it bad been helpful. It 
then made a few points and we 
agreed to make this change 
which was considered minor.” 

The spokesman added that 
the judge’s point had been 
retained but incorporated in 
the programme narrative. 

Yesterday the Lord 
Chancellor’s Department was 
not available to comment. 

Bat Judge Pickles said that 
if the Lord Chancellor had 
sought its removal it was not’ 
“the first time that Lord 
Hailsham has tried to supress 
my views". 

Tbe judge added that he had 
been doe to take part in a live 
BBCl studio discussion based 
on “HaHsham’s Law" on the 
following Thursday but that it 
had been cancelled. 

The BBC said, however, 
that the producers decided 
“something tighter” was 
needed. • 


Cost of fraud 


Bank breaks ranks on debit cards 


A new style of 
starts in May for customers < 
Barclays Bank, the first Brit- 
ish bank to introduce a nation- 
wide debit card to be used 
instead of a cheque book, 
Barclays hopes the new card, 
code-named Project Decimal 
will prove as big an innovation 
as credit cards did 20 years 
ago. 

In |a w wp h»ng the debit card, 
Barclays has stolen a march 
on the bra clearing banks, 
whose £500 million joint elec- 
tronic card debit system, 
Eftpos (electronic funds trans- 
fer at the point of sale), will not 
he ready until 1988. 

Barclays says it is stiB 
taking part in Eftpos, which is 
similar to the American sys- 
tem, and that the debit card 
will be compatible with it- 

The bank's competitors axe 
not in a position to come sp 


with a rival system immedi- 
ately. Tbe Midland Bank said 
it seemed Barclays was strik- 
ing out on its own, when all the 
oner banks had been working 
on a national computerized 
card system. 

The new card was secret 
until The Sunday Tima yes- 
terday published details of 
Project Decimal prompting an 
official announcement. Bar- 
clays plans to issue a nriliitHj 
cards to Its seven million 
customers in the first year. 

Customers will present then- 
cards to the retailer who trill 
be able to telephone the bank 
to check the account is in 
credit The .cost of the pur- 
chase wQI then be debited 
directly from tbe account. 

The card's size and shape 
will resemble the existing 
Bardaycard. and extra staff 
will be taken on to handle 


transactions from the 
Bardaycard centres at North- 
ampton, Leeds, Manchester, 
Teesside, Liverpool and 
Birmingham. 

Bardaycard will do the 
processing and authorization, 
then administration will be 
handled in the usual way by 
the banks. Statements and 
charges will be the same. 

A spokesman for the Bir- 
mingham Money Advice 
Centre said she had reserva- 
tions about tbe new card. “It's 
definitely a move towards a 
cashless society, but I don't 
think it will encourage people 
to spend more, because it is not 
a credit card." 

“I can see some dangers 
though. The further you get 
away from cash, tbe harder It 
is to budget, especially if yon 
are^n a tow income." 


Car buyers losing £100m 


By Our Home Affairs Correspondent 


Used car buyers lose about 
£100 million a year as a result 
of “docking" — fraudulent 
reduction of the mileage re- 
corded by the odometer — 
according to Crime UK, an 
economic, social and policy 
audit, published today. 

Mileage monitoring systems 
run by local authorities in- 
dicate that a fifth to a third of 
all used cars are clocked. 

“This figure increases to 
half for relatively new but 
high-mileage cars which have 
been part of sales represent- 
atives’ fleets,” Mr Tony Key, a 
freelance economic consul- 
tant, writes. 

Docking is estimated to 
increase the price of a used car 
by about £30 for every thou- 
sand miles of reduction. 

In 1984, trading standards 
departments of metropolitan 
counties bought 1 1 cheap used 
cars and carried out a full 
engineer's inspection. Several 
were judged to be worth only a 
fraction of tbe price paid, not 


an offence under consumer 
protection legislation. 

“But, far more seriously, all 
were found to be in a dan- 
gerous and unroadworthy 
condition." he says. Selling 
them was an offence. 

In the West Midlands, the 
submission of 20 cars by 
trading standards officers for 
routine servicing led to Trades 
Descriptions Act proceedings 
against 12 garages on the 
ground that work charged for 
bad not been done. 

Crime UK says that, as a 
nation, we spend about £8.7 
billion a year dealing with 
crime. It describes three main 
categories of fraud in local 
government: 

• Bribery and corruption, 
usually involving council 
members or senior officers; 

• Misappropriation, usually 
by junior employees; 

• Extortion, typically by 
suppliers or client groups. 

Michael Dallas, of Coopers 
& Ly brand, chartered accoun- 


tants and management con- 
sultants. says the nature of 
corruption, which makes it so 
difficult for auditors and oth- 
ers to detect, also means it is 
difficult to prove. 

Referring to misappropria- 
tion. Mr Dallas says that since 
1979-80 local authority frauds 
had been rising steadily. 

Extortion was most com- 
mon. There were worrying 
frauds by ratepayers or clients 
of the authority. Further 
education awards paid to stu- 
dents had long been open to 
abuse. 

Housing benefits have be- 
come a target for fraud and 
abuse. Most arise in respect of 
“certificated” cases: those 
where the Department of 
Health and Social Security has 
certified to the local authority 
that the person concerned is 
entitled to the benefit. 

Crime UK (Policy Journals, 
Hermitage, Berks RG16 9SU; 
£19.50). 


Games company facing liquidation 

By John Goodbody, Sports News Correspondent 


Mr Robert Maxwell may 
pul the Commonwealth 
Games organizing committee 
into voluntary liquidation to- 
day because the Government 
has again refused money to 
help wipe out the £3.5 million 
deficit on last July’s games in 
Edinburgh. 

Two weeks ago, Mr Max- 
well, chairman of Common- 
wealth Games (Scotland) 1 986 
Ltd, said he was seeking 


“substantial" help from tbe 
Government. 

Despite a personal letter to 
the Prime Minister, the Gov- 
ernment has not shifted from 
its consistent stance that the 
games should be self-financ- 
ing. Mr Maxwell's plan was 
that the deficit on the running 
costs should be shared be- 
tween the Government, Mr 
Ryoichi Sasahara, a Japanese 
philanthropist, and one of Mr 


Maxwell’s companies. 

At the last meeting of the 
company, a fortnight ago in 
Edinburgh. Mr Maxwell said 
that the deficit had been cut by 
£800,000 from £4.3 million 
because “certain charges were 
found non-accepiable". Those 
came from from two large 
creditors. Edinburgh District 
Council and Edinburgh 
University, 

Both are disputing that 



— ( Sold~~ 
Clerk will 
invest 
winnings 

A clerk is the sole winner of 
Saturday's daily Portfolio 
Gold prize of £8.000. There 
were no winners on Friday. 

Miss Vivienne Gahaiu aged 
22, from Hendon, north 
London, has played the Port- 
folio Gold game for two 
months. 

“I am shocked and 
stunned," she said. 

Miss Gahan said she would 
nse some of tbe prize money to 
take her family on a holiday. 
“I'll invect the rest." she said. 

Four readers share the 
weekly Portfolio Gold prize of 
£8 000 . 

Mr James Gillow. aged 67, 
from Shipley in West York- 
shire. said he conld not believe 
his lock. 

Mr Gillow. a retired com- 
pany secretary who celebrates 
bis birthday today, said: “The 
money is a nice surprise 
present from The rimes." 

“It will be useful to bny 
additional things needed in the 
family," he said. 

Mr Ian Dongles, aged 52, a 
dispatch rider from West 
Croydon, in south London, 
said: “It is a shock. It has 
come out of ibe blue." 

He said that be intended 
investing his winnings. 

The other winners are Mr 
Graham Price, aged 39. from 
Retford, Nottinghamshire and 
Mrs Frances Goodwin, from 
west London. 

Readers who wish to play 
the game can obtain a Port- 
folio Gold card by sending a 
stamped addressed envelope 
to: portfolio Gold, 

The Times, 

PO Box 40, 

Blackburn. 

BB1 6AJ. 



Miss Gahan, who plans to 
rest and invest. 


Jockey dies 

Mr Bill Tellwrigbt, aged 59, 
a former amateur National 
Hunt jockey and former stew- 
ard at Uttoxeter race course, 
has died in hospital in 
Staffordshire after being seri- 
ously injured in a fail from a 
horse. 



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A 23 litre Volvo costs less than 

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Both Volvo 240s have thirteen coats of rust- 
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Patten clears way for 
private sector cash 
funding rented homes 


TIMES MONJ 


27 1^86 


HUME NEWS 


By Christopher Warmau, Property Correspondent 

it SSlilfV"? 5 S eir submissions before the Conservative Party 

2bT r i November’s public expen- conference. . ‘ 

S StLS, Ul,din S dilute statement. Under the £15 million 

orivateiv ,0 - expaiKi Ministers are aware of the scheme, Cardiff City CounciL 

P_ L. B JJ-J 611 *®! housing, are needs of the different parts of two housing associations and 


' - : . tr. iiccvu ui me umciciit uuo ui 

SOTS* S? > y country, and there have 
fulfil' Minister for been discussions with the 

CnriuJ!5?TirtI] nban Affisirs ^ Housing Corporation, the 
Construction. housing associations’ funding 

^T°? co "’ body, to hear their case. 

National HoS^uiMiSl ■ °° ^ financial side, there 
Council, the National Horn? '"df^iion at present that 
ingand Town Planning Coun^ 5* Government may relax its 
cfi and the restriction on the amount of 

FMera«on h - B he will mone y authorities 

main themes of Gove^miS ftom of 

housing policy, emphasizing . , . _ 

value lor money, the need for Capital receipts from sales 
choice and that in the rented ™ w a J fbout £6.5 bii- 
sector the tenant, local ! 10n - of which £3.5 billion are 
authority or private owner m cas b- Councils are allowed 
must be consulted to use up to 20 per cent of their 

He is also expected to deal ^ JW rctaini . n S 

with the problem of homeless- ^eremainder to accrue ill- 
ness, but more public money Ie ‘]F s ^ off ^bts and 
is unlikely. reduce the need for borrowing. 

* The latek request to land on Mr RWley has made it dear 
his desk is the call for an ^ he shares the Treasury 
increase of 10 per cent in the view that to free a greater, 
funding of housing associ- proportion for housing would 
ations to reflect the need for be inflationaiy. 
housing provision, not only in There is one area, however, 
the inner city stress areas but in which the housing associ- 
throughout the country, in the ations detea a chink .of light, 
light of a decline from and that is in the joint public 
£927 million in 1982-83 to and private funding of rented 
£660 million in 1 986-87. housing. 

The National Federation of The Treasury has recently 
Housing Associations, with given approval to a scheme in 
all-party backing, has written 
both to Mr Nicholas Ridley, 

Secretary of State for the 
Environment, and Mr Patten 
in the hope that some increase 
might be considered as gov- 
ernment departments prepare 


raven approval to a scheme in 
Cardiff which i&seen both asa 
loosening of the financial 
straitjacket by the Treasury 
and as an unofficial blueprint 
for the Government's “right 
to rent” policy which was 


conference. 

Under the £15 million | 
scheme, Cardiff City CounciL 
two housing assodations and 
the . Halifax Building Society | 
wilt combine to provide up to I 
700 houses on a 36-acre sire 

Work could begin early next i 
year, and it is envisaged that 
there could be 300 comple- 
tions in the first year. The 
houses, with three and two 
bedrooms, and one-bedroom 
flats, are to be let on “assured 
tenancies”, which give sec- 
urity of tenure but are free of 
rent control 

Until now any scheme 
involving private sector fi- 
nance received no Housing 
Corporation grant, but the 
breakthrough is that the public 
stake will be around 30 per 
cent, , 

'The Conservative-con- 
trolled council will lease the 
site and- provide the infra- 
structure, amounting to about 
£1 million, while the Wales 
and West Housing Associ- 
ation and the Secondary 
Housing Association for 
Wales win contribute £3.5 
million, and the Halifax the 
rest on an index-linked loan. 

The council approached the 
assodations because it could 
uot afford to build on the site, 
and Mr Nicholas Edwards, 
Secretary of State for. Wales, 
added bis support. 

Between them, they per- 
suaded the Treasury to ap- 
prove it, and most of the 
homes wifi be la to people on 



-';v .>* 

- ’T-V.S.-W 


School governors: 1 

More parents on 
boards will end 
council majorities 

In the first of three articles, Mark Dowd, Education 
Reporter, looks at the future of school government in 
the light of the 1986 Education Bill which is due to be 
enacted next month. 


; ... . ' & .1 "1 ■ ■ 

♦ r* 1 




Governing bodies, those lit- 
tle-known, semi-invisible in- 
stitutions, have been 
propelled into public view by 
changes proposed in new 
legislation. 

It was the 1944 Act that 
required all maintained 
schools to have a governing 
body, following the example 
of independent schools which, 
for hundreds of years, had 
commissioned governors to 
ensure effective running and 
maintenance. 

The new 1 lajv sets out to 
guarantee a system of checks 
and balances among gov- 
emors. Elected parents will 
form a quarter of the member- 
ship of the new-style institu- 
tions, the same proportion as 


tio'n of the new Act to place 
the ultimate responsibility for 
the running of a school in the 
hands of the annual meeting. 
The law says that governors 
will have to “consider” such 
resolutions. Any final de- 
cision, however, will rest with 
them. 

Forging stronger links with 
the community provides a 
second key theme. 

Governing bodies will be 
asked to co-opt a member of 
the local business community 
and also itemize, in its annual 
report, the steps taken to 
foster understanding both 
with local industrialists and 
the police. 

The arrangements for 
providing sex education will 


local authority nominees, thus become the exclusive domain 
ending the local authority's of governors, who will make a 


A new era for Debenhams store in Oxford Street, London, being ushered in as Europe's 
tallest mobile crane lowers one of six of the longest free-spanning escalators yet built into an 
atrium as part of exenshre modernization (Photograph: Chris Harris). 

BBC radio Scientists boycott 
„1 I star Wars project 


built-in majority. 

Unwieldy assemblies of 
more than 25governors will 
become a thing of the past. 
Depending on pupil numbers, 
each of the 28,000 maintained 
primary and secondary 
schools in England and Wales 
will have between nine and 19 


decision on whether such 
instruction is necessary and if 
so. what kind of leaching 
materials should be used. 

One of the ironies of the 
new system is that, in spiie of 
the removal of the term 
"school managers”, a height- 
ened managerial awareness is 


governors. They will serve a exactly what the Government 
four-year term of qffice, al- is attempting to instil 


announced by Mr Patten at. Cardiff's 4,000 waiting list 


Prince may offer solutions 


Security in the home, self- 
billed housing, homelessness 
and the inner cities will be the 
four main topics under dis- 
cussion in London tomorrow 
when the National House- 
Building council stages its 
fiftieth anniversary con- 
ference on “New Ideas in 
Housing”. 

Mr . Douglas Hurd, the 
Home Secretary, will share the 
platform with an “expert” on 
how home-owners can protea 
their property: a burglar 
whose presence is subject to 
availablity. 

Mr John Patten. Minister 
for Housing. Urban Affairs 
and Construction, will an- 
nounce new measures to help 
Britain's 10.000 homeless 
families living in bed-and- 
breakfast accommodation. 


By Charles Knevitt, Architecture Correspondent 

ne, self- even though they represent a Prince has made a point of 
lessness tiny proportion of an es- visiting projects where the 
11 be the timated 500,000 people, or occupants are involved in the 
der dis- 200.000 families homeless in process of decision-making, 


England alone. 

Mr Michael Heseltine will 
be endorsing one of the main 
recommendations of the Duke 
of Edinburgh's controversial 
report on housing, published 
last year, which was instantly 
dismissed by the Prime Min- 
ister as eleaorafly unsound 

But most attention is likely 
to be focused on the keynote 
address by the Prince of 
Wales, who likes to offer 
practical solutions based on 
his personal experience in 
visiting schemes around the 
country. 


process of decision-making, 
design and management of 
their .homes and estates. 

He believes that a “bottom 
up” approach to regeneration 
can help to rebuild a sense of 
.community as well as result in 
improved living conditions, 
and that it has the advantage 
over the “top down” approach 
adopted by Mr Heseltine and 
the Government, such as new 
urban development corpora- 
tions, in extending rather than 
denying local democratic con- 
trol. 

In addition to visiting hous- 
ing co-operatives in Liverpool 


L Ul U1C -g -m 

■t- shake-up 

By Jonathan Miller 
Media Correspondent 

Id The BBC has launched a 
wide-ranging management re- 
view of its radio broadcasting 
activities as it prepares to deal 
H, the with a Green Paper that will 
Pdin advocate a sweeping lib- 
eraiizarion of radio broadcast- 

man of in * finance - 

tes. The Green Paper, expected 

“bottom before Christmas, is under- 


By Pearce Wright, Science Editor 


More than 500 senior Brit- 
ish scientists from 20 univer- 
sities have signed a pledge 
boycotting research for the 
American Strategic Defence 
Initiative, popularly known as 
Star Wars. 

They include 22 fellows of 
the Royal Society and three 
Nobel prize winners: Profes- 
sors Anthony Hewish and 
Brian Josepbson, of the Cav- 


Since his advocacy of and the selfhelp and self- 
community architecture in a build schemes in Black Road, 


speech at Hampton Court 
Palace ' two years ago, the 


Heseltine to back curb 
on mortgage relief 

By Nicholas Wood, Political Reporter 

Mr Michael Heseltine wQI 
tomorrow set out his personal 
manifesto for the next phase of 
Conservative rule by arguing 
for drastic curbs on tax relief 
for mortgages and pension 
funds to release the cash to 
tackle nnemptoyment and in- 
ner city blight. 

In his most important 
speech since his resignation 
over the Westland affair, the 
former Cabinet minister will 
blame the Treasury for the 
country's economic and social 
ills. 

He will chum that the 
£8 billion a year subsidy to 
home-owners and companies 

lies behind soaring bouse . n . 

prices, the credit boom, mi- Mr Heseltine, who will set 
Settling the financial markets, out his personal manifesto 
and the widening gulf between phasing out relief for people 
the North and toe booth. taking out new mortgages to 

He will call for a bigshift in move Q n the property ladder, 
policy to switch resources 
imowealrh-creating activities, Mr 
such as rebuilding the inner terday: “The urgent need is to 
dries and creating jobs swteh resonrees to urban and 
through revitalized regional industrial generation and to 
development programmes. get » better talame betwe« 

The former Secretary of over-heating the South, with 
State for Defence will outline all the consequent envmm- 
his version of The Next Move y nt^dan^and undero 
forward, the theme of the the North and the 
MMint Cnncomtiw Pnrtv con- Mid l and s . 


his version of The West Move 
forward, the theme of the 
recent Conservative Party con- 
ference, at the National House 
Building Council conference. 

Mr Heseltine will contrast 
the Government's preferred 
objective of cutting income tax 
to 25p in the pound with other 
options. . 

He will say it is possible to 
cut taxes by lp, keep mortgage 
relief for first-time boy ers and 
existing borrowers, and still 
release enough money to dou- 
ble spending on regional and 
urban programmes. 

The cash would come from 


"Macclesfield, the Prince has 
also made a private tour of 
run-down council estates in 
south London and discussed a 
local action group’s opposi- 
tion to plans by the British 
Waterways Board and Hunt- 
ing Gate, the developers, for 
Limehouse Basin in the East 
End of London. 

He has appointed commu- 
nity architects for two Duchy 
of Cornwall projects, a village 
hall at Curry Mallet, in Somer- 
set, and for the refurbishment 
of the Newquay House Estate 
in Kennington, near the Oval 
in south London. 

Self-build housing, where 
owners can save about a third 
on costs as well as learning 
new skills which can some- 
times lead to full-time 
employment- are known to 
have impressed the Prince in 
his visits to the Zen Zele 
scheme in Bristol earlier this 
year, and to the Colquhoun 
Street project in Stirling three 
weeks ago. 

Both schemes represent a i 
new type of partnership be- 
tween the local authority, 
banks and building societies, 
and the Department of Health 
and Social Security, which 
has, in effect, guaranteed the 
mortgage repayments for un- 
employed self-builders. 

The contribution which 
selfbufld could make to the 
problem of homelessness and 
inner city regeneration has 
been underestimated in the 
past, for past year self-builders 
were the second largest house 


WVIVIW X.UI UJUUUJ, JUJ UUUVt - . . _ ■ |_ /H 

Stood to advocate a redefi- ® n ? 5 sh Laboratory. Cam- 
nition of the concept of 

“public service broadcasting" Sal™- ° f '“P ™ 1 C ° ne « e ' 
that has governed all British London. _ 
broadcasting since the The saentists launched yes- 
establishment of the BBC in ter<^y. the Co-ordinating 
1921 Committee of the British Star 

kuk, Wars Research Boycott, in 
support of more thin 5,500 
£ university research workers in 

the United States who have 
nnJlmpTp taken a similar stand. 

One of the organizers in the 
SSilSSS L f — UK, Dr David Caplin, of 

[jroadcasung. ... Imperial College, said the 
_The new managing director boycott only concerned Star 
ot BBC radio, Mr Bnan Wars. Some of the scientists 
Wenham, is reported to have against SDI had defence re- 
been shocked to find, when he search contracts in various 
look over earlier this year, that fieW « ^ otb ers would dis- 
the BBC's management sys- ^ SSx the activities of 
tem was unable to provide groups such as the Campaign 
basic information about the Nuclear Disarmament 
relative tt*t s ofits four na- Robio Micholson, 0 f the 

uona 1 radio networks and clarendon Laboratory, Ox- 
chain of local radio stations. ford University, said: “I am in 
Although the BBC has not favour of a strong defence 
been shown drafts of the research programme but Star 
Green Paper, it is clear that Wars is technically unsound.” 
Broadcasting House fears that Most signatories to the boy- 
it may endorse the recoin- cott come ftom physics, 
mendation of the Peacock mathematics and electronic 
Committee on broadcasting engineering departments that 


“It is not the market that is builders in Britain, behind 
doing all this. By incentives Wimpey. 
such as mortgage and pension The NHBC has been reluc- 
relief the Treasury is provid- tani. so for. to acknowledge 
ing a huge pkidy that is that self-build homes are often 

m . jv .a _ z— <l ikon CnwiA 


force-feeding the South-east 
and sucking the economic 
resources of the country 
south wards.” 

Mrs Thatcher has ruled oat 
ending tax relief on mortgages 
and bOh the Labour Party and 
the Alliance are committed to 
keeping it at the standard rate 
of income tax. - - 


better constructed than some 
of those erected by pro- 
fessionals. by refusing such 
projects its 10 -year warranty. 

A willingness to take seir- 
builders under its wing may, 
in a few years' time, be seen as 
the most important outcome 
ofits fiftieth anniversary con- 
ference. 


“public service broadcasting " , 
that has governed all British 1 
broadcasting since the 
establishment of the BBC in 
1922. 

Among the proposals likely 
to be included is a call for one : 
or more new independent 
national radio services to 
compete with the . BBC’s 
monopoly of national - 
broadcasting. 

The new managing director 
of BBC radio, Mr Brian 
Wenham, is reported to have 
been shocked to find, when be 
look over eariier this year, that 
the BBC's management sys- 
tem was unable to provide 
basic information about the 
relative costs of its four na- 
tional radio networks and 
chain of local radio stations. 

Although the BBC has not 
been shown drafts of the 
Green Paper, it is clear that 
Broadcasting House fears that 
it may endorse the recom- 
mendation of the Peacock 
Committee on broadcasting 
finance: that Radio One and 
Radio Two should be sold. 

The BBC is preparing to 
mount a tough defence of its 
rights to operate those mass- 
appeal services. 

It is understood that a 
preliminary conclusion of the 
BBCs own review is that such 
a move would save little 
money, while at the same time 
it would impose on radios 
Three and Four the need to go 
“down market” 

That, in the view of Mr 
Wenham. would alter fun- 
damentally the character of 
the two prestige radio services. 

One theme of the Green 
Paper is expected to be the 
need to put independent local 
radio on to a more secure 
financial footing by easing the 
“needle time” limits that re- 
stria the amount of recorded 
music that they may broad- 
cast 

Another is expected to be a 
recommendation for a drastic 
cut-back in the power of the 
Independent Broadcasting 
Authority, which is seen in 
Whitehall as exercising its 
regulatory power over radio 
with far too heavy a hand. 

New legislation to authorize 
the establishment of commu- 
nity radio stations is expeaed 
Vo be uraed by the Green 
Paper, reflecting the belief in 
the Home' Office that the 1949 
Wireless Telegraphy Act does 
not provide a legal framework 
for such a service. 


are in the forefront of topics 
such as laser technology, high- 
speed large computers, more 
efficient forms of rocket 
propulsion, new materials and 
atmospheric physics. 

Those are among the 20 
areas of research which the 
United States Department of 
Defence has listed as crucial to 
the development of Star Wars. 

The overall cost of research 
in the United Slates is es- 
timated as £2,300 million. The 
amount expected to be spent 
in Britain is about 
£50 million. 

Doubts about British 
university involvement arose 
last year after an invitation 
was rent to two individuals 
and to departments with an 
international reputation in 
their fields. 

The momentum of opposi- 
tion built up when the British 
Ministry of Defence became 
involved, with the signing of a 
Memorandum of Understan- 
ding on Star Wars between the 
American and British govern- 
ments last March. 

The scientists against SDI 
pledge “not to solicit or 
participate in Star Wars be- 
cause die programme is tech- 
nically ill-conceived and 
dangerous. The creation of an 
impenetrable shield over the 
United States is not feasible. 
Research that leads to a 
system of limit capability 
would escalate the nuclear 
arms race. SDI is an obstacle 
to arms control .” 


though there is provision for a When Mr Robert Dunn, 
parent to stand down immedi- tinder Secretary of Szate for 
ately after his or her child Education, addressed a con- 
leaves the school. fere nee on education in 

Under the new regime, each Hampshire two weeks ago, he 
governing body will also be asked how many of the 15 
obliged to compile a yearly governors present knew 
report, which must be cir- roughly what it cost to run 
culated to all parents two their schools. .A sheepish si- 
weeks before the annual lence ensued, 
meeting. Under the new'Act, each of 

It is a measure which has the 104 local authorities will 
attracted its share of publicity be asked to supply governing 
and misunderstanding. At- bodies with an annual state- 
though parents will be em- meni of running costs from 
powered to submit and pass September 1987, 
resolutions on matters of their To mmo rrow: training for 

choosing, it is not the mien- governors. 

Young guitar Understudy 
player beats gets break at 

world’s best Royal Opera 

A schoolgirl who began An American soprano has 

strumming a guitar to ac- been given an unexpected 
company her mother at Sun- opportunity for stardom after 
day school sing-alongs, has an artistic dispute at the Royal 


beaten 


the Opera 


portunity tor stardom alter 
artistic dispute at the Royal 
«ra House (Gavin Bell 


musicians to win first prize at 
the Polish International Gui- 
tar Competition in Warsaw 
(Ian Smith writes). 


Miss Ashley Putnam, aged 
34 has been elevated from 
understudy to leading lady in 
next month's production of 


After a brilliant concerto Janacek's Jenufa by the sud- 
performance with the Warsaw den departure of Gabriela 
Chamber Orchestra, Nicola Benackova, who left re- 


Cham ber Orchestra, Nicola 
Hall, at -the age of 17 the 
second youngest competitor, 
has now been offered 50 
engagements in Hungary, Po- 
land, Greece and Britain 
within the next two years. 

The classical guitarist, 
whose home is in Derby, is 
one of 270 gifted pupils aged 
between 8 and 18 drawn from 
throughout the country to 


Benackova, who left re- 
hearsals for her title role and 
flew home to Czechoslovakia. 

Miss Benackova was said to 
have disagreed with the direc- 
tion of Yuri Lyubimov, the 
Russian exile, who is staging 
his first opera in Britain. 

Miss Putnam has already 
performed in Strauss' Arabella 
at Glyndeboume. but Jenufa 
will be by far the biggpst 


study at Cheiham School of engagement of her career so 
Music in Manchester. far. 


Motorway construction 


M25 opening set to ease congestion 


Complaints over Wapping article rejected 


The Press. Council has re- 
jected a complaint that Sun- 
day Todav inaccurately des- 
cribed an activist at the 
Wapping disturbances as the 
editor of a left-wing news- 
paper and gave details of his 
address lo make him vulner- 
able to right-wing attacks. 

A feature about the east 
London disturbance claimed 
to describe how one of 
Britain's bloodiest industrial 
conflicts was affecting civil- 
ians in the front line. 

it reported that Mr lan 
Bone was a highly vocal figure 
often seen, at demonstrations 
outside the News Inter- 
national plant. Mf Bom:, the 
article said, was editor of Class 
H'tfj*. an ultra-left . magazine 
which advocated mugging. 


shoplifting and assaulting the 
police. 

The anide. by Simon 
Worthington and Andrew 
Moger. described how they 
tracked Mr Bone to a council 
fiat in Hackney, east London, 
and said which floor the flat 
was on. . . . ' 

Mr Bone complained to the 
council that it was untrue he 


Mr Darby said white Mr 
Bone might not recognize the 
title of editor of Class War it 
was true that he was its 
originator and. remained a 
potent influence on it. 

The council rejecting the 
complaint, emphasized that it 
is not good newspaper practice 
to publish detailed addresses 


The Sunday Times Magazine 
on “The mysterious legacy of 
the Great Tew Estate” in 
Oxfordshire. 

Mr Johnston had been left 
the estate by Major Eustace 
Robb. 

The council said although 
the newspaper conceded there 
may have been some inaccu- 


was the editor of Class War an attack on’ themselves or 

and unnecessary to give a their property. 

detailed description of where ^ diJ nQl find u a 


be lived. He believed it was 
done deliberately to encourage 
political extremists of the right 
ro be able to find and attack 
him. _ , 

Mr George Darby, manag- 
ing editor, denied the address 
was published to encourage 
personal attacks. ^ 


ofpeople likely to be at risk of racies it was satisfied they were 
an attack on themselves or minor and irrelevant to the 
their property. article's general line. 

__ . ... • The council did not uphold 


significant inaccuracy’ to refer 


a complaint a, 
On Sunday 


insi The Mail 
f Mr Martin 


r/ Wingfield, of the National 

Class U ar and that complaint p ronL w fro had said an article 
was also rejected. contained a quotation appar- 

• The councilrejecied the 
whole of a four-part com- 


entiy attributed to him. which 
he did not make, implying he 


plaint, made by Mr James aproved of racial harassment. 
Johnston, about an article in wb^n in faCT he condemned iL 


The official opening of the 
final section- of the £ 1,000 
million M25 London orbital 
motorway on Wednesday is 
expected to provide an im- 
mediate reduction in conges- 
tion on other roads in the area 
of Watford, St Albans and 
South Mimms, Hertfordshire. 

. It is expeaed that the 
opening will be carried out by 
the Prime Minister ceremo- 
nially cutting a tape to bring 
into use an eight-mile stretch 
of motorway, south of St 

This week’s 
roadworks 

LONDON AND THE 
SOUTH EAST 
MI Hertfordshire: Major 
roadworks at - junction 8 
(Hemel Hempstead). 

Ml Buckinghamshire: 
Contraflow between junction 
15 and Newport Pagnell ser- 
vice area until mid- 
November. 

Ml Bedfordshire: Contraflow 
junction 1 1 (Dunstabte).-Junc- 
lion now fully open. 

M25 Hertfordshire: Down to 
two lanes each way between 
junctions 18 

(Rickmanswortfa) and 19 
(Hunton Bridge) until further 
notice. 

Mil London: Major road- 
works at Redbridge Round- 
about until end of October. 
M2 Kent: Lane restrictions 
between junctions 5 and 7 
(Sittingbourne and 
Faversham) until end of 
December. 

M20 Kent Contraflow be- 
tween junctions 7 and 8 
(Maidstone) until November. 
M27 Hampshire: Contraflow 
near Southampton between 
junCTtons 2 and 3 (A3 land 
M271) No westbound exit at 
junction 2 and no 
wesiboundemry ai junction 3 
from M271. 

M4 Berkshire: Contraflow be- 
tween junctions 12 and 13 
(Reading/Newbury). 

M40 Oxfordshire: Down to 
one lane westbound at junc- 
tion 6 (Watiingionj. Entry slip 
L'road closed until December 


Albans, and complete the 121- 
mile ring around London. 

This will come less than two 
weeks after the opening of the 
five-mile section immediately 
to the west. Between ihem 
these two seasons provide 
intersections between the 
M25, the MI and the Al. 

Their combined efleCT is 
expected to be a dramatic 
reduction in traffic on the 
A405 in the area of Watford 


traffic which will now use the 
M25. 

The opening of the final 
section should also greatly 
reduce the pressure on the 
roundabout at South Mimms, 
where the Al and the M25 will 
intersect. It is also expected 
that dense traffic on the A4 1 in 
the region of Hemel Hemp- 
stead and Berkhamsted will be 
relieved. 

The police and others think 


and St Albans which, during that because the traffic will be 
the construction period, has able to flow more smoothly 
been carrying much of the round the M25. or through the 


31. Also down to one lane 
easibound at junction 7. East- 
bound entry slip closed. 

M27S Hampshire: Construc- 
tion of new flyover between 
M27 intersection and 
Rudmore roundabout, 
Portsmouth. 

A1(M) Hertfordshire: 
Contraflow between junctions 
6 and 7 (Welwyn and 
Stevenage). Northbound entry 
ai junction 6 closed until end 
October. 

MIDLANDS 

MI Nottinghamshire: 
Contraflow between junctions 
27 and 28 (A608 and A38). 
MI Leicestershire: 
Contraflow between junctions 
22 and 23 (Ashby and Lough- 
borough). Southbound enuy 
slip at junction 23 dosed. 

MS Hereford and Worcester: 
Between junctions 4 and 5 
(Bromsgrove and Droitwich) 
Contraflow and various lane 
closures between junctions5 
and 8 . 

M54 West Midlands: Various 
lane closures between junc- 
tions 2 and 6 near Telford. 
M54 West Midlands: Junc- 
tion 6 (Telford) closed. Signed 
diversions. 

NORTH 

A1(M) -County Durham: 
North of Bowbum inter- 
change. Contraflow until 
November 2. 

A1(M) County Durham: 
Contraflow ai Cassop Grange 
bridge due to bridge painting 
till November 3. 

M 6 Cheshire: Major road- 
works beiween junctions 16 
and 17 (Kidsgrove and 


Sandbacb). Lane closures and 
possible delays. 

Ml S. Yorkshire: Repair work 
between junctions 31 and 33. 
Slip roads atjunction 31 and 
Ml/M 18 link closed at vari- 
ous times until January 26 
1987. 

M 6 Lancashire: Reconstruc- 
tion on both carriageways 
between junctions 32 and 33 
(Preston/Garstang) Till Octo- 
ber 30. 

M 6 Lancashire: Roadworks at 
junction 23 (Merseyside). 
Some lane closures till end of 
December. 

M 6 Cumbria: Lane closures 
both ways at junction 37 
(Kendal) until October 30. 
M18 S -York shire: Major 
roadworks between junctions 
6 and 7 (Thome and M62) 
Southbound exit and North- 
bound entry slip roads dosed 
atjunction 6 until December. 
M62 Greater Manchester: 
Contraflow between junctions 
19 and 21 near Middleton 
until November. 

M62 Ferrybridge service area: 
Contraflow near junction 33. 
theAl interchange. 

M63 Greater Manchester: 
Major widening at Barton 
Bridge. Various restrictions. 
M 66 Greater Manchester 
Resurfacing between junc- 
tions 1 and I Contraflow. Slip 
road restriaions until! end 
October. Also bridge painting 
at Simister Bridges. Traffic 
confined to hard shoulder 
near junaion 4 (M62) 

MSI Lancashire: Motorway 
dosed between junctions 1 
and 2. Merseyside until end of 


interchanges, pressure gen- 
erally in the vicinity will be 
relieved, and vehicles will no 
longer be ‘forced on to local 
roads flying to find routes past' 
boule-necxs. 

The main uncertainty is to 
what extent the M25 will itself 
stimulate new traffic, which 
could lead to the congestion 
that has been seen in other 
sections of the motorway: it is 
generally thought it will be 
some weeks before that be- 
comes apparent. 

November. Alternative route 
signed. 

WALES AND THE WEST 
M4 Wiltshire: Contraflow be- 
tween junctions 16 and 17 
(Swindon and Cirencester). 
Until December. Also lane 
restrictions between junctions 
34 and 35 (A4U9 and A473) 
with contraflow. 

M5 Somerset: Lane closures 
on both carriageways between 
junctions 25 and 26. Also lane 
restrictions near Bristol be- 
tween junctions 18 and J9 
(Avonmouth and Clifton) 

M5 Gloucestershire: Two 
lanes closed beiween junc- 
tions II and 12 (Cheltenham 
and Gloucester). Northbound • 
slip at junaion 14 is closed. ' 
SCOTLAND 

M 8 Glasgow: Construction 
work between junctions 15. 
and 17 (City centreand Dum-- 
barton). Bridge work between- 
junaions 29 and 30- (Paisley 
and Erskine Bridge) 

M 8 Erskine Bridge: ' 
Contraflow between junctions 
29 and 30 (Paisley and M898 
until mid' November. 

M73 Glasgow: Bridge repairs 
at junaion 1 (M74) 

M74 Hamilton: Contraflow . 
between junction 4 (A 723) 
and Boihwell service station, 
until mid November. O- 
M90 Fife: Contraflow be^ 
tween junctions 3 and ‘4»< 


>ns umiu enu lween j Uncuon s 3 and 
bndge pajming (D un finnline and Kelly). Also . 
mages, i ranic comra fl ow between junction 4 • 
U dCT ai *d 8 until further notice; j.-' 

* Information compiled and**- 

*rt:. Motorway SU p P jied by the aa Road watch 
n junctions 1 Unit 

;ide until end of Information service, page 20 







THE TIMES MONDAY OCTOBER 27 1986 


This document 
went out for typesetting, 
returned for corrections, 
then over to the printers, 
delayed for amendments 
(got lost on the way), 

and finally came home This never left the offi 





Financial Highlights 




Financial Highlights 


(Pounds aid shares in 
liuounds. BCtj* 
per shoe amamls) 

1986 

ms 

Ounce 

Net sales 

£1,515.876 

£982.769 

+54* i 

Nw income 

£64.055 

£76,714 

-17* 

Earnings per share 

£1.05 

£128 

-18* j 


(Pounds and shorts m 
thousands, erupt 
per short amounts} 

1988 

IMf 

OuMfia 

Net sales 

£1.515*76 

£982.769 

+54* 

Net meant 

J5S 

£76.714 

-17% 

Earnings per shire 

£1.05 

£1.3* 






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WORLD SUMMARY 


Gold mine men 
crushed to death 


Six black miners and at least four 


three were crashed to death beneath it. 

The injured, who were at different levels in the shaft, 
were put on stretchers and winched from stage to to 
the surface. 

Smoke cure claim 
for common cold 

Oslo — - Respected Norwe gian scientists to have 
developed a cure for the common cold based on woodsmoke 
1 1 ony Sufista| writes). 

The preparation is said to km cold a n d influenza viruses. 
Norwegian authorities are raining tests on militar y 
volunteers before deciding whether to release “Dr 
Braendea's nosedrops" on the pharmaceutical market. 

„ Braenden, a retired scientific officer with the 
world Health Organization's narcotics laboratory in 
1 Geneva, has been working on his nosedrops for more than 
25 years. 

| Knopfler 
injured 

Adelaide (AP) — Mark 
Knopfler (left) of the rock 
group Dire Straits broke 
his right collarbone in a 
| celebrity race held before 
the Australian 1 Formula 
One Grand Prix. 

• Knopfler lost control of 
his Ford TX5 turbo at the 
first turn of the five-lap 
event and slammed side- 
ways into a crash barrier. 
He walked from the crash 
(maided. 

Race report, page 48 

Missile Flying 

attack lessons 

Kuwait (Renter) - A Delhi (AP) - All inter- 
defence official confirmed national and domestic 

that Kuwait fired two mis- fli ght s at Palam Airport 

sites at an unidentified were cancelled for two 

flying object, described by boms so that the Prime 

a newspaper earlier as an Minister, Mr Rqpv Gan- 

“eneuiy” aircraft believed dhi, a former airline pilot,' 

to have been shot down. could practice flying, the 

The Army chief of staff Sunday Mail sri. 
said it had not been pos- It claimed that -the 
sible to identify the nature flights were halted twice so 

of the target that Mr Gaindhi could log 

He said it was beading - enough flight hours to 
for Shnmba, an. industrial maintain his pilot's licence, 
area adjoining Ahmadi, the Mr P. C. Vayas, director 

hub of the northern tfnlf • gf the airport, said it was' 

emirate's oil export bpeter dosed fur two horns for 

tions^ and disappeared what he called “VIP 

from radar screens. movement". 



Hasenfus call to CIA 

Managua (Renter) — A US airman shot down over. 
Nicaragua on a rebel supply flight has called cm the CIA to 
acknowledge responsibility for the flight. 

“I was directly working for these people and they should 
directly do something about it," said Engene Hasenfns, 


Government with trying to topple it. He was interviewed in 
the maximum security jail where he is being held 15 miles 
east of Managua. 


Russians say Reagan 
agreed to total ban 

From Christopher Thomas, Washington 

The United States and^the that all Mr Reagan said was 
Soviet Union are locked in a that he might agree to the 
growing dispute about what elimination of all inter- 
Presidcnt Reagan said in continental ballistic missiles, 
confidential talks with Mr They say he did not agree to 
Mikhail Gorbachov, the Mr Gorbachov’s ideas for a 
Soviet leader, at their meeting ten-year accord that would 
in Iceland on the elimination scrap all US and Soviet strate- 
of nuclear weapons. ' gic nuclear arms, including 

Moscow took the unusual ballistic missiles, heavy 
step, on Saturday, of issuing bombers and long-range cruise 
what it claimed was a ver- missiles, 
batim quote of what Mr Mr Alexander Bessmert- 
Reagan said to Mr Gorbachov nykh, the Soviet Deputy For- 
across the bargaining table. eign Minister, told a press 
They claim that he said: “If conference in Moscow on 
weacree that, by the end of the Saturday that Mr Reagan was 

^ ■ _ J _ 1 V V ■ nitifillw nKrtlVt flip 


ten year period, all nuclear 
arms are to be eliminated, we 
can refer this to our delega- 
tions in Geneva to prepare an 
agreement that you could sign 
during your visit to the United 
States.” 

The argument has serious 
implications for Mr Reagan's 
credibility with the Soviet 
Union in furore arms negotia- 
tions. If Mr Reagan did say 
that, he was flying in the fare 
of nearly all the* advice he 
received" from his own per- 
sonal advisers, from the 
Pentagon and from the State 
Department. It would raise 
questions about Mr Reagan s 
competence in complex arms 
negotiations, fare to face with 
the Soviet Union. _ . 

The administration claims 


initially confused about the 
Soviet proposal to eliminate 
strategic arsenals on both 
sides, but later told Mr 
Gorbachov that the US would 
agree to iu 

A senior official refused to 
comment on the supposed 
quote from Mr Reagan, except 
to say that no exact transcript 


THE TIMES MONDAY OCTOBER 27 1986 


OVERSEAS NEWS 


War of words and weapons increases tension in two Middle East disputes 


Kremlin attacks diplomatic rift 


From Christopher Walker 
Moscow 

Senior Kremlin officials 
and the state-controlled Soviet 
media have mounted a bar- 
rage of criticism against 
Britain for breaking dip- 
lomatic ties with Syria. 

Pravda said yesterday the 
move was “an act of 
provocation” dearly arranged 
in concert with the US and 
Israel. 

Under the headline "Syria 
will not be intimidated”, the 
official Communist Party pa- 
per went on to praise die 
governments of France and 
West Germany for showing 
“restraint” in their reactions 
to the British Government's 
move. 

In a four-page commentary 
by Mr Boris Shabayev, a 
leading political commentator 
repeat analyst, Tass alleged: 
“It took the British authorities 
almost half a year to invent a 
version of the April events at 
London's Heathrow airport, 
which by its absurdity, 
shocked even experienced 
BBC commentators. 

Tass suggested that Britain's 
action had been directly 
prompted by the White 
House, which ft said was 
seeking to divert international 
attention from President Rea- 
gan's “obstructionist stand”, 
which had caused the collapse 
of the summit in Iceland. 

“As is the rule. London was 
in a hurry to help it,” the 
agency added. 

The strength of Soviet re- 
action has been dictated 
mainly by its own friendship 
treaty with Syria, one of the 
Kremlin's closest allies in the 
Middle East. 

“We known better than a 
< British court what Syria's real 
policies are,” Mr Alexander 
Bessmertnykh, the Deputy 
Foreign Minister, said on 
Saturday. 

“The reasons Britain has 
put forward for this unfriendly 
move have a dear provocative 
character. They are trying to 
put the blame on someone for 
things that happen else- 
where.” 

• WASHINGTON: Mr Fa- 
rouk al Sharaa, the Syrian 
Foreign Minister, said yes- 
terday that Britain was more 
isolated in the Middle East 
than ever before “because it 
has committed a massive 
blunder with Syria” (Chris- 
topher Thomas writes). 



*si 


Antal militiamen faking cover during bitter fighting with FLO guerrillas at the Miah Miah Palestinian refugee camp on 
die outskirts of Sidon yesterday, in which at least 25 people were killed 

British action on Syria I>J ™ ascus 
embarrasses France staff left 


The news that Britain had 
broken off diplomatic rela- 
tions with Syria came just a 
few boms after Le Matin had 
published in a front-page story 
that France and Syria were 
negotiating a 3 bUtion francs 
(£320 milfion) arms deaL 

This story followed a simi- 
lar one in Liberation the day 
before, which also stated that 
the reason for tire Prime 
Minister, M Jacques Chirac's 
lightning trip to The Hague 
earlier this month was to 
discuss an economic aid pack- 
age for Syria with the help o( 
Holland and West Germany. 

Despite official denials that 
there were any new arms deals 
with Syria or that M Chirac 
had discussed a Syrian aid 
package with the Dutch, 
French feeling now is best 
summed up in Le Meade’s 
front-page headline yesterday: 
“London’s- derision embar- 
rasses Paris”. 

Inside is a cartoon of a 


Swedes hold child 
in terrorist raid 

From Christopher Mosey, Stockholm 

Swedish police yesterday Senot Ortega is leader of the 
faced an escalating row over a musical group Onto Nuevo 
clumsy crackdown on sus- (New Song), the members of 
pected foreign terrorists thou- which have lived in Sweden 
ght to be using Sweden as a for the past year. 

“safe base” for operations The crackdown has been 
elsewhere. ordered in an attempt to 

They moved in against restore Sweden's battered 
seven people suspected of reputation for law and order 
membership of the Peruvian following several internation- 
guerrilla organization. Shining al incidents. . 

Path (Sendero Luminoso). Earlier this month an Arab 
. More than 20 police wear- with Swedish citizenship sus- 
ing riot helmets, bulletproof pected of belonging to an Abu 
vests and gas masks and NidaJ hit squad, was deported 


armed with sub-machine 
mins, raided a flat in the 
Stockholm suburb of Jakobs- 
berg. They succeeded in 
arresting only an lS-month 
old girL 

The guts father, an illegal 
immigrant from Pern, was one 
of the seven suspected mem- 
bers of Shining-Path, who are 
now in hiding, having been 
denied political asylum. 

She was placed in a 
children's home after her ar- 
rest and last night was re- 
turned to the relatives who 
had been caring for her before 
the police raid. 

Mr Georg Andersson, the 
! Immigration Minister, has 
called for a full report on the 
incident 


from Britain to Sweden. 

Swedish explosives were 
used in the recent wave of 
bombings in Paris. 

In June Mr Gregory Newell, 
the US ambassador in Stock- 
holm, may have been the 
intended victim of a terrorist 
attack when a security guard 
fired at two armed men who 
approached a villa which Mr 
Newell was visiting. 

One of the main police 
theories concerning the assass- 
ination of Mr Olof Palme, the 
Socialist Prime Minister in 
February, is that ft. was the 
work of Kurdish terrorists. 

Police think the killer is now 
hiding out in what is dip- 
lomatically described as “a 
non-European country with- 


Mr Sten de Geer, the lawyer out an extradition treaty with 
who is acting for the parents, Sweden", most likely Syria, 
accused the police of violating Mr Palnie's successor, Mr 
both Swedish law and the Ingvar Carlsson, takes a more 
I Geneva convention. pragmatic approach than he 

He said the child’s father did. Earlier this year he ap- 
risked a death sentence if ported asemordip^maL Mr 
deponed to Lima. The Swed- Hejtaera. 10 

ishlmmigration authority ordinate Swedish efforts with 
y.id Peru was classified as a police forces in othe r co uii- 
democratic country and that J™* 10 1)631 lerronst 

ciiininn Path HOC C P Pn 9 tnreiH. 


was made at the meetings Shining Path was seen as a 
However, it is taown tot ^ 


deponed to Lima. The Swed- 
ish immigration ■ authority 
gf-lid Peru was classified as a 
democratic country and that 


the translators made notes. _ 

A While House official said 
that the only concrete pro- 
posal agreed toby Mr Reagan 
was the elimination of strate- 
gic missiles in two five-year 
stages. “That proposal was in 
wnting,” he said. 

Their talks had never 
reached the stage of even a 
tentative agreement 


than a liberation movement 
However, under Swedish 
law no one may be deported if 
they risk death or persecution 
for their political beliefs. 

Sefior Orto Onega, a Peru- 
vian protest singer, has also 


Moi bans TV 
drama series 

Nairobi (Reuter) — Presi- 
dent Moi of Kenya has 
banned a controversial tele- 
vision drama on teenage sex. 


been arrested in the town of saying the programme was 
Noirkoping. south of Stock- immoral, insulting and un- 


holm. and is awaiting deporta- 
tion to Lima. 


dignified, the official Kenya 
News Agency said. 


Big profits in Hungary’s Savile Row 


From Richard Bassett 
Budapest 

“Twice as smart as London 
at half the price.” In Eastern 
Europe, where some news can 
travel very quickly, the word 
has got round- Party 
bankers the rank-and^de 
bureaucrats; if they need a 
pood tailor, Budapest is the 

P *lJ fc the side-streets behind 
Rakocri Square where the 
erev 19th-century feato an 
stili pitted with the bullets of 
the 1 956 revolution* the doyen 
of Central European nulora. 
Mr Sandor Nagy. « arguably 
the busiest man in Hungary. 

“Yesterday it was a second 
fitting for three Russian colo- 


nels. Today a member of the 
Central Committee and an 
East German diplomat; I have 
not been on holiday for 
months." 

A thin wiry man in his late 
fifties, Mr Nagy conies from a 
long line of tailors and boot- 
makers. His father, he claims, 
made a shooting suit for the 
late Duke of Windsor when he 


in the 1960s and 1970s. has in barrasing for other repre- 
the last two years taken off sematives of the Warsaw Pact 


wftb the emergence of a small 
wealthy class in Hungary and 
a return to what he calls “good 
old style”. 

For less than £100, the 
Hungarian Politburo member 
leaves Mr Nagy's workshop as 
imacculately pin-striped as a 
merchant banker. For a little 


visited Budapest as Prince of more, a scruffy journalist from 
Wales in the 1930s. For a Poland with a leather jacket 


couple of years after the war, 
he worked as a young appren- 
tice in London — “wonderful 
tweeds” be sighs. 


can hope to look “as smart as 
carrots, as you English say”. 

Until a couple of years ago. 
most of Mr Nagy's clientele 
was Hungarian, but the num- 
bers of Czechs, Poles and 


Returning to Hungary in the was Himffirian, but the i 

years just before the uprising, here of Czechs, Poles 
be has survived on a steady Russians ts increasing, 
trade which, though dwindling It is dearly becoming 


to do business and negotiate 
with Hun garians, who not only 
are but- look more well- 
heeled. 

The young may be more 
interested in the Cardin bou- 
tiques, but for their parents, 
windows full if heavy pin- 
stripe and the chance of four 
buttons on the cuff exerts a 
mystical hold over the 
imagination. 

For as long as Budapest 
remains, if not quite twice as 
smart as London 20 times 
smarter than Berlin and Mos- 
cow. this undeniably bourgeois 
tendency seems set for en- 
couragement throughout the 
Warsaw Part. 


From Susan MacDonald, Paris 

cowed President Assad being 
seen off the premises by a 
determined Mrs Thatcher, 
while across the street is an 
empty taxi with M Chirac at 
the wheeL 

In asking the question on 
how to deal with today's EEC 
foreign ministers' meeting, Le 
Monde quoted* senior French 
official as saying: “The ev- 
idence in London's hands is 
for more convincing than that 
put forward by General Wal- 
ters (President Reagan's spe- 
cial envoy) when he wanted to 
convince ns of Libyan involve- 
ment in certain terrorist arts". . 

At the time of the series of 
deadly bombings in Paris in 
September, hard-line state- 
ments by M Chirac hinted at 
the involvement of a state in 
terrorism and promised severe 
punishment if proof of involve- 
ment was found. 

However, the Government 
still maintains that no such 
proof has been fomid and since 


those early statements the 
Minister for Co-operation, M 
Michel Aurillac, has visited 
Damascus for talks and a 
Syrian-born priest, impris- 
oned by the Israelis in the 
2970s for pro-Palestinian 
activities, was allowed to see a 
suspected terrorist leader 
imprisoned in Paris. 

Sources dose to the Govern- 
ment say that they are trying 
the stick and carrot method 
with regard to Syria, which 
promises new co-operation 
with Damascus in return for 
Syrian help in providing 
information on terrorist 
groups and ending terrorist 
bombs in France. 

This method would also 
take into account France's 
concern for the number of 
French hostages still being 
bdd in Lebanon. 

At today's EEC foreign min- 
isters’ meeting in Luxembourg 
France will have to defend its 
position on Syria 


c rift P J° in 

fierce 
Lebanon 
battles 

From Juan Carios Gnmndo 
Sidon 

In their most vigorous mili- 
tary operation in southern 
. Lebanon for four years, 
• Palestinian guerrillas yes- 
terday were locked in a fierce 
defensive battle for a string of 
, . strategic posts they bad cap- 
tuned from the Shia Muslim 
Amal militia on the hills 
south-east of Sidon over the 
weekend. 

Mortar, rocket and ma- 
chine-gun battles went on 
unabated for the second 
* successive day as Amal 
launched relentless attacks to 
try to recapture positions in 
the villages of Darb Essim and 
Ein el-Dib. By nightfoll, the 
Palestinians appeared to be in 
Palestinian refugee camp on control of their new territory. 
Hied But as the guerrillas 

strengthened their positionson 
I l€) mi) 61*11 C the slopes overlooking Sidon, 
iyaiUa3k.Ui3 Am a! was reported to have 
■n launched an offensive against 

P in |)£| SS V guerrillas defending the 

Rashidiyeh Palestinian refu- 
1 gee camp near Tyre, to which 

3 Ld xJL Id l the Shia militia had laid siege 
w following three weeks of spo- 

By Nicholas Beeston radic machine-gun battles. 

The Foreign Office con- Eye-witnesses contacted by 
firmed yesterday that two telephone said columns of 
Syrian members of staff at the Amal militiamen had entered 
British Embassy in Damascus the camp after 10 hours of 
left their jobs after the con- heavy bombardment and were 
victed terrorist, Nezar conducting a house-to-house 
Hindawi. was arrested in search. . 

London in April. One Tyre resident said that 

' The Sunday Times alleged the militiamen were now in 
that the employees were Syr- control of 40 per cent of the 
ian intelligence agents who large refugee camp, 
had helped to secure visas to Amal officials in the town 
enter Britian for Hindawi and conceded that at least 25 
other suspected Syrian terror- militiamen were wounded in 
ists and that they stole official the attack. Casualty figures 
records of visa applicants, among the Palestinians were 
A spokesman at the horetgn not available. 

Office said he could not The authorities in Sidon 
confirm the authenticity of the said at least 25 people were 
allegations. killed and 60 injured since the 

However, in his speech on Palestinians launched their 
Friday the Foreign Secretary, offensive from the Ein el- 
Sir Geoffrey Howe, said that Hilweh and Miah Miah 
Hindawi, a Jordanian, trav- camps, the sprawling shanty- 
elled on an official Syrian towns on the outskirts of 
passport in a false name, and Sidon. They house the largest 
that his visa applications were concentration of Palestinians 
twice backed by official notes in Lebanon, with a registered 
from the Syrian Foreign population of more than 
Ministry. 31,000 refugees. 


London in April. 

' The Sunday Times alleged 
that the employees were Syr- 
ian intelligence agents who 
had helped to secure visas to 
enter Britian for Hindawi and 
other suspected Syrian terror- 
ists, and that they stole official 
records of visa applicants. 

A spokesman at the Loreign 
Office said he could not 
confirm the authenticity of the 
allegations. 

However, in his speech on 
Friday the Foreign Secretary, 
Sir Geoffrey Howe, said that 
Hindawi, a Jordanian, trav- 
elled on an official Syrian 
passport in a false name, and 
that his visa applications were 
twice backed by official notes 
from the Syrian Foreign 
Ministry. 


wm 




















THF. TIMES MONDAY OCTOBER 27 t986 


A FEW IMPORTANT WORDS OF ADVICE TO A 16 YEAR OLD 
ON THE DOLE. FROM A GRAND OLD MAN OF 17. ^ ^ 



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When I left school at 16 I wanted to get 
out into the big wide world. And at the time 
that meant getting a job and having some 
cash of my own. 

It certainly didn’t mean hanging about on 
a training scheme. 


I wanted to learn. And if I found it didn’t wotk 
out, I was free to change my mind and try 
something else. 

* 

So I let him fix me up with an interview 

f 

• * : . i 

with- a company round the : corner — a small 
business called Conyer Marine - and they took 


But it didn’t take me long to realise that me on as a trainee. 


the only jobs going for a 16 year old who was 
wet behind the ears weren’t worth having. 
Things like sweeping up and making the tea. 

And anyway, dozens of other mugs were 
after the same dead end jobs. 

Then I got talking to a girl who happened 
to be on the YTS and she told me it wasn’t 
the complete waste of time I thought it was. 

I won’t say she dragged me kicking and 
screaming down to the Careers Office but I 
admit I took some persuading. 

Anyway, I gave the bloke down there a 
hard time - told him I wasn’t going to accept 
any old thing. When I’d got that out of my 
system, he told me there was no question of 
that - it was up to me to choose what skill 


Now a year later they’ve decided to give 
me the responsibility of looking after the 
stores and a chance to do some buying. 

And it rather looks as if before long 
they’re going to make me a fully paid up 
member of the firm. 

But what about you? 

Well it just so happens that the YTS 
are guaranteeing that if you apply for a 
place now , you’ll be on a training scheme 
by Christmas at the latest. 

So my advice to you is get down to 
your Careers Office today. 

I promise you won’t be wasting your time. 
And after all, with my experience I know 
what I’m talking about, kid. 






/»: ■' 'V 




TO FIND OUT WHAT OPPORTUNmE&ARe-GOINC IN YOUR AREA. GET DOWN TO YOUR LOCAL CAREERS OFFICE OR JOBCENTRE. 

THE NEW 2 YEARYTS. TRAINING RJRSiaLLS* 


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THE TIMES MONDAY OCTOBER 27 1986 


OVERSEAS NEWS 






\L 


Thousands at anti-Aquino rally 

Enrile pledges crusade 

against co mmunis m 
to Marcos supporters 


The Philippines Defence 

* Juaft Ponce 
Bnnle. addressing the biggest 
anti-coin munisi rally since 
Presidem “Coiy" Aquino 
yesieiday told 
1U.UU0| cheering supporters of 
the ousted leader, Mr Ferdi- 
nand Marcos, that he was 
willing' to lead a "people’s 
power’’ crusade against 
communism. 

His fiery speech ended with 
the burning of two communist' 
uags below the outdoor stage 
on which Mr Enrile stood, ms 
arms outstretched giving the 
thumbs (down sign, as the 
crowd chanted “Down with 
c ory'\ T 

On stage with him were his 
wife, Christina and daughter. 
Katrina, jvho wore on her 
blouse a * "ABC” sticker, 
meaning “Anyone But Cory’. 

Ch ants jof "Marcos stuT 
greeted Mr Enrile as be ar- 
rived at 'toe Central Post 
Office stairs to address, for the 
first time, aipro-Marcos rally. 

u " — at what was 

anti-govem- 
Iled a further 
his ties with 
ation he helped 
^months ago. 

i itnaller, and re- 

ligious-based. anti-communist 


His pi .. 
essentially 
meni rally, 
deteriorate. 

toe admini 
to instal eig. 
Unlike a 


From Keith Datem, Manila 
rally that Mr Enrile addressed 
on -Saturday,, yesterday's 
demonstration was a political 
show of support for Mr 
Marcos’s former defence 
chief. 

Last week his persistent 
criticism of the Aquino 
government's handling of the 
L7-year communist insur- 
gency almost triggered a Cabi- 
net split. 

"Many people are taking 
notice of me,” Mr Enrile told 
the crowd. "They are saying 
this Enrile is like a mad dog, 
always howling. And they’re 
saying this because they're 
getting hurt.” 

Without once mentioning 
the Aquino government, Mr 
Enrile said.be would not stop 
his criticism of the Com- 
munists "who k£Q people like 
pigs”. 

“I. will not stop. I would 
rather be criticized. I would . 
rather be condemned, than be 
dishonest to the Filipino 
people,” he said to chants of 
"Enrile” and the flashing oFV- 
signs, the election symbol of 
Mr Marcos. 

The Defence Munster’s 
armed bodyguards crowded 
the stage, others were perched 
on the roof of the Post Office 
building, surveying the crowd 


through binoculars. An Army 
helicopter, taking pictures, ai- 
ded overhead. 

"Don’t worry, they are with 
us,” said Mr Enrile, looking 


Fingerprints trap 
Pinochet attacker 


A Correspondent, Santiago 


. set of fingerpftnts on a tin 
the police toW@ of the 
allegedW respon- 
sible for the attempt on Presi- 
dent Pinochet's life last 
month. 

Pis arrest, last W 
led to the capture 
others, and four 
supposed accom 
Government says 
gunmen’ took part 
ambush on the Presfi 

in which five of his bod. 

were killed. Those caught 
could face death sen 

The police say tbelfive 
belong to Manned 
Patriotic Front (FPflfR), 
which has its origins it the 
Communist Party, and ■ by 
far the larger of the twoleft- 
tring pa ramilitar y nrgaitraf- 
ions operating in Chile. \ 

The FPMR claimed res- 
ponsibility for the assassna- 
tion attempt. In the nost 
recent issue of £7 Rodrigusta, 
its underground magaam, it 
says it will try again and 
blames faulty US technology 
(a rocket-launcher wuch 
faded to work) for its latere 
last time. 

The attack has given the 
guerrillas more publicity than 
they have ever had in their 
three-year existence. 

Chile is not reed to guerilla 


found that less than half its 
sample believed that the Front 
had carried out the attack on 
the President 

There was widespread dis- 
belief when, m August, the 
security forces discovered 
large quantities of weapons, 
and said they belonged to the 
FMPR. 

The Front is a long way 
from its declared objective of 
"organizing an armed in- 
surrection againstthe tyrant”, 
as its spokesmen pot it At dm 
moment its activities provoke 
more incredulity than support 
in the mass of the population. 

Its hardcore membership is 
estimated at aronnd 2,000, but 
its logistical support runs to 
about six times that fignre. 
Perhaps surprisingly, for 
Latin American group, a third 
of hs members are slid to be 
women. 

As well as the FPMR 
guerrillas, there are militias 
organized in tbe working-class 
districts. Their job is to or- 
ganize the "days of protest” to 
try to stop public transport 
going in or oat of the neigh- 
bourhood and to keep out 
police or army patrols with 
barricades or trenches. The 
Front chums to have effective 
militias in about a third of 
these districts. 

Another key task for all 


orgaaiatioM: its poHtMfor 
the past 100 yems have 


strictly parliamentary So 
there is widespread retactace 
at all levels of society to 
believe that (he Commt list 
Party has organized an el ec- 
tive paramilitary force. 

Despite the claims of 3th 
tbe FPMR and the Govro- 
ment, a recent opinion po! by 
an independent comi may 



President Pinochet: scaped 
assassination attunpL 


who are mainly yomg con- 
scripts and may respond to a 
kind word and be persuaded to 
desert 

The FPMR has produced 
one policeman and two army 
recruits at press conferences, 
claiming they were deserters. 
It said that it had army 
informants who helped to 
prepare the ambush on Presi- 
dent Pinochet 

The organization insists 
that its sole aim is to bring 
down the Pinochet regime. 
Once that was achieved, the 
FPMR says it would disband 
itself, leaving the Communist 
Party and Chile to go back to 
their accustomed form of 
politks. 

Some civilian pofitkians, 
such as Seftor Gabriel Vald£s 
of the centrist Christian 
Democratic Party, are scep- 
tical. "If the Communists win 
by force of arms,” he asks, 
"who is going to 
them?” 


Japanese feel they are 
a small, poor nation 


David Watts, Tokyo 


ipan may 


a rich 


Iran IIMJ f-™ 7 ---- 

itry from abroad, but 
i Japanese still feel that 
* living stp 

internatij. — - 

05i feci the/pay too much 

oiisinganqfood and work 
long hour! according to 
annual White Paper on 
>nal life tlcased by the 
icniic Punning Agency 
a And iffic strong yen is 
ins the ctontry wealthier 
he international league 
s it is nil having much 
l on theprice of imports 
rmitiiE the ordinary 
s more lavish 

,ite oill the pleas from 

fort cm to start letuug 

lair own a bit with 
imi>ns they arc ac- 
;pcr ing less on con- 
T Such spending is 
nqlowest level since 
id last year's figure 
I per cent on the 
x ar at 290.000 yen 
i ionih- 

ic pic want to spend 
ocv on consumer 
- said an official of 
Thcv have obliga- 


tions to amortize their huge 
housing loans which stem 
from high land prices.” 

The trouble is the wealth 
that the strong currency has 
brought Japan is not going 
intoindustnal investment at 
the rate it used to. and a lot of 
it is chasing . scarce land, 
pushing up land prices, the 
cost of housing and rents. In 
some parts ofTokyo the. price 
of land has risen almost 100 
per cent over the past year. 
Average land prices are 10 
times those of Europe and 20 
times those in the United 
States. 

The land on which The 
Times correspondent's av- 
erage three-bed roomed house 
stands is worth £1.5 million. 

With prices like that admit- 
tedly in one of the more 
pleasant parts of Tokyo, it is 
not surprising that national 
wealth does not necessarily 
correspond to individual sat- 
isfaction. 

People need to rid them- 
selves of their own traditional 
image of the country as a small 
state of little consequence, 
according to the White Paper. 


police, meanwhile, 
reported a grenade blast: in a 
building once used as Mrs 
Aquino's campaign office. 

The grenade, fired from a 
grenade launcher, smashed 
through an eighth-storey -win- ■ 
dow on Saturday night, caus- 
ing minor da m a ge , police said. 

Less than 24 hours earlier a 
small -home-made bomb ex- 

S kxied outside a nearby ham- 
urger restaurant, injuring 
three people. Police are in- 
vestigating whether tbe two 
explosions are connected. 

• Aquino legitimate’: The 
Philippine Supreme Court has 
confirmed that Mrs Aquino is 
the country' legitimate presi- 
dent despite questions raised 
about tbe constitutionality of 
her rule, a justice said yes- 
terday (AP reports). 

Justice Andres Narvasa said 
the 1 1 -member panel found 
that the Filipino people had 
"made tbe judgement” and 
"accepted the government of 
President Corazon Aquino, 
which is in effective control of 
the entire country.” - 



Sikh terrorists kill 
Punjab villagers 

From MIchad Hamlyn, Delhi 


Supporters of ex-President Marcos listening to the Philippic Defence 
Ponce Enrile, addressing tbe weekend anti-co mmunist rally fo 


Minister, Mr Juan 

Manila. 


Sikh terrorists in the trou- 
bled north Indian state of 
Punjab have again massacred 
a number of innocent civilians 
as part of their fight to create 
an independent state by force 
or fear. 

The Punjab police chief. Mr 
J. F. Ribeiro, who was himself 
the target for an assassination 
attempt three weeks ago, has 
been explaining the success-of 
his men in killing or capturing 
the rebel leaders. But it seems 
that nothing can stop killers 
from hitting soft civilian 
targets. 

They struck at the weekend 
in Ferozepur district, which 
runs alongside the border with 
Pakistan. Three gunmen walk- 
ed calmly into the villa©: of 
KJtmban, near the town of 
Abohar. soon after darkness 
fell, and opened up with S ten- 
guns and revolvers at the 
crowd in the market place.- 

Reports- indicated that at 
least eight people were killed, 
although the official statement 
only spoke of seven deaths. 
Nine people were injured. 
Abohar is a predominantly 
Hindu sub-district, but three 
of the injured were said to 
have been Sikhs. 

Immediately after tbe kill- 
ings police began a big man- 
hunt. but the gunmen escaped. 

In another incident a low- 
ranking Congress leader was 
killed when his scooter was 
baited by a gang lying in wait 
for him as he rode home to the 
village of Paliwal further 
north in Hoshiapur. 


Yet another man, a govern- 
ment pharmacist, died when 
gunmen opened fire on him 
outside his home village near 
the town of Patiala. 

A mysterious radio trans- 
mitter, which has been causing 
havoc with police commu- 
nications in Puiyab. also 
opened up again at the week- 
end. The running of the police 
radio network was interrupted 
for a crucial two minutes 
while the pirate broadcasters 
shouted slogans in favour of 
the independent Sikh state of 
iOtelistan, 

Police at first thought that 
the clandestine transmitter 
was operated from over the 
border in Pakistan, but this 
seems no longer to be the 
favoured theory. 

Mr Ribeiro told an inter- 
viewer last week that of 14 
terrorist leaders who were 
identified at the start of his 
anti-terror campaign seven 
have been neutralized, either 
killed or arrested. More than 
140 other rank-and-file mem- 
bers of the terror bands have 
also been dealt with. 

A 24-hour general strike 
throughout Punjab has been 
called for today by the prin- 
cipal Hindu organization in 
Amritsar to protest at the 
killings. 

The Indian authorities an- 
nounced that 16 “intruders” 
who were said to have crossed 
over into the stales of Raja- 
sthan and Puqjab. have been 
killed by the Border Security 
Force police. 


M 3 ^ L F 1 

■ -t "--M & rife?. .E-. 

T : -% O 

<jy rtf r tz * 3 R 

;£ £ 7 7 D 

& 7K cr .1 — ' 


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Pw> 6 ii£|fofi m tCdfocb 

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ccrocitcct im 6 6 te Itojafjl 6 cc 

duf 90 




ifbassbet ;; 
ein roesents 
ju btmv iEntwicfhmg 
bc%ctr^m bdt ■ 

' . Mr. H-Sds^Bisdxf &Kkin (UK) Ltd. 


TFTOU HAZE A NT DOUBTS yl BOUT 
MAKING MONEL TN BTiTTArKf. SF.F, WHAT 
FOREIGN INVESTORS fLWE TO SAT 



Contrary to what tlje media woidd have you believe , there are 
some areas of British industry tljat are doing very nicely thank you. 

Maxed, who since 1984- have been numufacturing high quality 
video cassettes and floppy disks from their so acre site in Telford, 
recently announced an increase in production and turnover that 
exceeded all expectations. 

Btsdnf & Klein, the plastic materials mamiflutimrs, reported 
. that tumoverfrom their Telford plant had trebled in just finer years. 

Similarly, over 70 multinational corporations based in Telford from as far afield as 
New Zealand, Taiwan, the USA, Switzerland , Japan, Sweden and France, are working 
to frill capacity, expanding their premises and increasing their worlforces . 

At a time when the British marketplace is getting tougher by the minute, logic dictates 
that the reasons behind these phenomena should be carefully considered. 

In term of transport options and access to ports, airports and motorway and rail 
systems, Telford can hardly be bettered. 

none . 


definitely cmes into its own. 

Of course, we’re not suggesting that your decision to relocate should be made on the 
basis of this advertisement alone. 

But you do have a choice. You can follow the examples of Maxed, Bischqf &Klein , 
Westmghouse, Ricoh and Toshiba and many successful British businesses , and telephone 
Chris Mackred on 09s 2 613131 for more information. Or you can turn the page. 

TELFORD DEVELOPMENT CORPORATION PRIQRSLEE HALL. TELFORD. SHROPSHIRE TF2 *.\T 



The success story continues. 


•hf ■ ■ 




THE TIMES MONDAY OCTOBER 27 1986 


LA CREME DE LA CREME 


S* -T-- 

ifv; . \- 


CHELSEA - INTERIOR DESIGN 

£9,000 

numerate, hardworking, exp sec with 
last. ace. office skills for busy co. 

ADVERTISING CO 
_ £9,000 

^®rgetic young sec for busy account team. Wit, 
w «s. and willingness and good typing skins 
all essential. 

BIG BANG IN SW1 

Conttnodity Brokers in chic new offices 
i An * r *»ed you If you are: 

V” sh sec with personnel bias £10,000 
a U^sPOKen exp sw/b operator £9,500 
" aerk typist with rusty sh & lots of GO £7.000 

HOTEL IN SW7 

nr^ Vely hard working recep/tel for part of 
H rBS ugious chain of hotels. Great opp for career 
minded person. Competitive salary + 
hotel perks. Merlin exp pref. 


HIGH CALIBRE DEDICATED 
WORD PROCESSOR OPERATORS 
AND SECRETARIES WITH 
OFFICE AUTOMATION SKILLS 
YOU’RE IN DEMAND! 

We offer you very meaningful 
opportunities, high earning 
potential, continuous development 
on your Office Systems Skills. 

Contact Karen Tansey, Tricia Morris, 
who will make you very welcome. 

OFFICE 

— SYSTEMS — 
RECRUITMENT 
— SERVICES — 


IlSSukotuv Itoiu Imton wax HAD 
fckVtmdMWiOOi 


.odreS AIRWAYS HOUSING 
SOCIETY LIMITED 

REQUIRES AN EFFICIENT 
PERSONAL 
ASSISTANT/SECRETARY 

to work for its newly appointed Chief 
Executive. 

The position requires a mature and sensi- 
tive approach to management problems 
and inter-personal relationships as well as 
shorthand skills of 120 w.p.m. and typing 
of R.S.A. ll or above. Experience of work- 
ing at a senior level would be an advan- 
tage. The initial salary will be £8,300 p.a. 
The Airways Housing Society is a large 
registered housing association with pleas- 
ant offices in Stanwell Village. 

Please apply with full details before 21st 
November 1986 to:- 

The Director, 

Airways Housing Society Limited, 
1, Douglas Road, Stanwell, Staines, 
Middlesex, TW19 7QS. 


' TELEVISION & RADIO N 
£9-10,000 

J oin this world famous company which provides 
a topical news information service a television, 
radio and commerce. They seek a number of 
bright, young and experienced secretari es. 

They currently have vacancies i n MA RKETING, 
PERSONNEL and ADMIN SYSTEMS u> name 
'but a few. Or if you prefer you could opt for variety 
and work in rotation in all departments. At what- 
ever stage you've reached they will have the ideal 
slot for you. 

You'll enioy a lively, fast moving atmosphere and 
superb benefits to include 6 weeks holidays, an 
early salary review and su b sidis ed lunch. 90/60 
skills, audio and WP ability needed. For more 
information please telephone us now on 
01-240 3551. 

• Elizabeth Hunt • 

s. RecnAmertConsuftonb , 

^s. 23 Cotege HI London EC4 A 


[*l**»*7d*l 


LAW 

£11,500 

senior partner of 
leading Holbom 
Solicitors requires 
a first class 
secretary, 28+. 

A little company 
and commercial 
law work. 

I but also travel 
arrangement 
ilineries and 
admin. Shorthand 
and audio skills 
plus a good 
telephone manner 
essential. 

CiySnMOO 

West End 439 TOOT 

Secretaries Plus 


DESIGN IN 
KENSINGTON 
£9,500 

Due to expansion a PA/ 
Secretary is required for 
two directors of this dy- 
namic, young design 
company. Because you 
wfll be visiting sites and 
liaising closely with cli- 
ents you will become 
involved with afl their 
protects, and be an inte- 
gral part of their team. 
Fabulous offices and very 
friendly people tool Skills 
90/60. Age 22-27. 


WEST END 
FASHION 
£9,000 neg. 

The Sales/Marketing Di- 
rector of Has young 
fashion company has 

g lost his secretary 
only after 5 years). 
obviously eraqyed 
the organisation of their 
sales conferences, 
masses of telephone Bat- 
son and a varied day in a 
busy informal atmo- 
sphere. If this appeals to 
you and you have 80/50 
skMs please telephone. 




jgSSBffS* 

■■fcfcOl-OT 35B mOTMI 


•'Sbkssf®! 

ass mnetdM 


BUBBLY COLLEGE LEAVER! 
Champagne PR 

Euvffcni nppim vniiv for 'A' fcvrf ca fibre See. M/511 skills 
in wiiri. at tirecn Park fix a snail Public Rrtauons Co 
uhcnr >«hi will pa mnihxiJ & ihc prospects will be 
rvnninch gjimi especially if you look nice and speak wefl 
and an: keen lo get on. fall Shan oo 408- 1 t*3I 

Middleton Jeffers 


Poise & Style 

to £9.500 

A protacional secretary required to assist In the 
Chairmans office of this large Communicalions 
Group. A challenging role — you will be dealing 
fcitli confidential information, liaising at 
inp-ir-i el and providing fid 1 secretarial support. 
Excellent skills f 100 60). .Age: 2(H-. Please 
Hephnne 01-409 1232. 

OTOTm Brcruilmrnl CntiMilranbi 


PROFESSIONAL 
RECEPTIONIST 
£9,000+ W1 

Your past experience 
will ensure your fu- 
ture _ with this 
prestigious invrsi- 
mem company with 
superb offices in the 
heart of the West 
End. Dudes mil in- 
clude administration, 
accurate typing and a 
knowledge of a Re- 
gent switchboard 
(will train). Age 25- 
BO. 

Bernadette 
of Bond St. 

fleouiViMiit Consultants 
iufc *5. toa tea is Fromtal 


SECRETARY/ 
RECEPTIONISTS 
£10 - £12,000 

The Chairman of a 
well-known Gty bank, 
shortly moving to su- 
perb, new West End 
offices, needs two ex- 
tremely well presented 
secretary /reception ms. 
Shorthand would be 
very useful but good, 
accurate typing and 
w.p. experience is es- 
sential- Of course there 
are (he usual generous 
banking benefits, in- 
cluding mortgage 
subsidy. Age 25-36. 

Bernadette 
of Bond St. 

Hcriirmen: Cantu 'tj.iii 
^4* Si Mdcvulgwhl V" 
“Hta t2B4 


About £40* 


Manpower lotos core to assign Its 
temporaries far thetr skills, personality, 
and type of work- So we pay 
cccotdingiy. if you've got wexd 
processing suits to an IntermetOote' 
level, well put you on to assignments 
ttxsluffl pay about £40 a woek higher 

than for someone who’s simply a 
shorthand typist. 


' Vet the ■smTVp' win stffl be getting 
first class rales and the chance to 
extend through our free m Sl<MwarB"w/P 
training, tf you're at the top of the 
temporary ladder, that's how well pay 
you; If not yef. well help you up a 
teiy rungs. 

DsBcfo us about pay... and a0. 
the other benefits. Can us now. 

* Lonacn comparison or*/ 


©MANPOWER Tel: 225 0505 


Temporary Staff Specialists 


PUBLISHING 

PA/SECRETARY 

CHIEF EXECUTIVE of 
what is possibly the fast- 
*. est growing, publishing 
company in the UK 
requires a senior con- 
fidential PA/secretary 
with excellent skills for 
excellent salary. This po- 
sition would be ideally 
suited to someone with at 
least 5 years experience 
at senior level who Is 
used to working under 
pressure and using their 
own initiative. 

Please phone 
Annie Clowes on 
01 439 4222 
orsendyoarCVto 
SIGOes House. 

49 Poland Street 
London, W1. 


PROTECT Y0HR 
COMTHYStBE 
£3,800 M s/b 

Conserve anti harness 
nature. Lntang w«h the 
MO and Marketing De- 
partment UseyowPR 
sMta to provide variety 
and nvaivoment with ttte 
busy young team. With 
proven aflmtn slciBs and 
exceflent typing. 

RfmCaraBae 
Warner now. 


Staff Introductions 
TEL: 01-4886051 


WIMBLEDON 

INTERIOR 

DESIGN 

CO 

£9,000+ 

Suparb prospects It you 
have flair for design. Work 
as part ot a young dy- 
namic, creahva team. 
Became tuSy mvotved witfi 
clients and the Press. Typ- 
ing essential. 

Phone Louise 
01 602 3012. 

Stall Ptaa. Rec Cobs. 


*************** 

* SECRETARY PA * 
£ KNIGHTSBR1DGE £ 
£ £9,000 - £10,000 * 

* aae * 

* * 

ft RiBtyrtn - good Judo Nona * * 
4 . junseatrmpansoMtyis p 
1 neeow to» mo am prastt- Z 
2. pms nMUTfieasuv duo M ? 
*■ you can use your mam* dnd * 

* nMtDadtaSei^BitHnrKp * 

* Lkda Mrtcbel Ofl $ 

* 4391071. * 

* KrugsSand PeisnueL * 
*************** 


HIGH SOCIETY 
HOTEL 

£8,000 flex perks 

Co-ordinate superb 
banquets and func- 
tions at this top West 
End Hotel. High level 
dlent involvement. 
Accurate typing and 
shorthand please. 

Cifl Kate LwnmL 


Wncuronamtogsavaa 


FILM COMP AMY 
£9,880 aeg 
Ptas free 
■erifcattas. 

H you love a law bat* but 
professional aMoapnete. 
Vie distribution centre ol 
thn vkara company w* 
welcome your computer 
experience and audio or 
s/n tikns. Wen London 
area- 

CaO Lyra Laid 


SENIOR SECRETARY 
ADMINISTRATOR 
£13,500 

Prestigious financial institution based In lux- 
ury purpose-buOt offices within the city, is 
seeking a high caBbre person -who can take 
responsibility of administration; possess 
expertise on the Wang WP along with accu- 
rate shorthand typing skins. Someone who. 
can Ifatse with senior level people and gener- 
ally organise their boss. Fantastic career 
opportunity. 

Contact Maggie Brasher 01-439 400t = 

- — OFFICE- — * 

— SYSTEMS— . 

RECRUITMENT 
— SERVICES-^ 


SALES reoMDTtON * 
swan, way 

ffriSSBlfi* 

SSSS3»J~ 

org*W"B Agr22+ 

, ; "JSS* 

Aodn sec. K>jn* 

htn«l:agenqr._fl^ 24-35. 


moiwrr; 

29J5B 

S mj b oh wwmwdb 


Saff lu iodncli nni 
TEL: 01-4886961 1 


Staff Ittod a cil eM 
TEL: 01-4886951 


AMERICAN ECONOMICS 
CONSULTANCY 
requires an 

EXECUTIVE SECRETARY/PA 
to the Managing Director 
c£12750& 

This is a duiUencin and demanding position for a senior 
secretary with a Bt*b level of (ngsnnadoiaal and adminis- 
trative skills. 

The successful applicant should be aped 28-40. have excellent 
secretarial skills and a knowledge of Wont Proccasinj. 

The company often excel leal benefits and working condi lions. 
Please wife ia strictest confidence tat 

Mrs Donat Hogan, 

National Economic Research Associates, 
18 Path Street. 

London WIY 3WD. 


IIS Svtetuy Amtac landonW&H B». 
TN^honeOI^SVaaOl 


THOMSON SNELL & PASSMORE 
LEGAL ADMINISTRATIVE PA/SECRETARY 
(bo sbertbaiN) . 

Thomson SneB & Passmore, one of the country's leasing 
provincial law practices, is opening a London office end Is 
seeking en Adminstrathfa PA/Secretary to cany out a hay 
role in this important development Involved frixn the outset, 
you wiB be the mam stay of the new office as you generaly 
ensure that everything runs smoothly and, as the office 
grows, your cormfaufon wW be acknowledged with career 
development To carry out this fc nx x tan t row you wifi have 
lots of inttative, versatifity, some legal experience. Iffiing at 
fidwpm end audio abtty. 

Salary to £11,000. *' 

H you feel that you have the qualities we are seeking and are 
at B point in your workJrra fife where you feel ready to take 
cxr a responsfote role offering career de v elopment, reply in 
the first instance to June Cox at 

SYNERGY the raenjitment. consultancy. . 

01-637 9533 


caretraiyW”S.SL?E, 

sec,40kadran 

■wtEKissr* 

- >S55ffiS22S L 

OUBB-i- 

UL ttv8«notWC2bM«l..j 

aomqreretobMtaalWBWl 
I sward I 

I «pBL v*»V «*rts»g I 


Usd VMMmse Ax- 

somww few o few M 
atflIOSpNBNL AflC I 


•i \ • 

ti 


AHMeoaMSanaWl 


DAVIS CO 

SECRETARIAL 

01-734 6652 


PROPKTY/ADNHN 

Pma»9Wjp»W««> CCO H Wy'wft 
Otrets n Mqrfwr noon » 

«n»ofttKrtkMnKiwy«t»tJW- 

■amr*reiw»iw»»wo**U« 

or ttMpbM wwfc. cfcw conw 

MuMMIOn HPmmMQ 

a na gw fl lyowp urawnat . 


FkoMDMRnKriAnmt 

B14S10G93N0W1 


OPPORTUNITIES 

Ring us for more details 


SALES PA 

£10.000 
PLUS MORTGAGE 

This up mate! Financial 

Constancy otootang tor a 
Inendty and enthusiastic 
Sec no Sir (ftxfio/ to nurtt 
in Their sales devetopmonj 
depL Smashing boss. WBi 
be airangaiD trawl. Imp A- 
ary. book sermais. Mist 
be willing to get involved 
and wel presented. 23+. 
Mortgage subsidy - 
BURA - Bonuses. 

930 8207 



GORDON MID BREACH 
SCIENCE PUBLISHERS 


The Chairman of Gordon add Breach, Interna- 
tional pubfishers of high level science, tech- 
nology and medkane, needs a porsonal assts- 
; tant She or he must be bl-Angual in French and 
English and must be free to travel frequently, 

I nomiafiy within Europe bufsometimes also etee- 
wtiero. Strong secretarial and executive skats 
are required. 

Please reply with fuB C.V. to 

Stephvffe Waller, 

Gordon and Breach 

Science Publishers, - 
1 Bedford StraeL 
London WC2E9PP 


LIQUID GOLD 

c£1 1,000 

TWs highly sucessful 09 
and gas exploration 
company requires a weH 
educated ana comp^ent 
secretary to work for 
ora of their senior 
managers. 

You wifl be joining a 
professional yet intormtf 
envinaiment located in 
beautiful offices ni 
Mayfair where you wil 
be responsfole for the 
smooth runrang of the 
department Tms will 
involve all org anisat kinal 
and administrative 
matters as weU as 
providing secretarial 
support 

You should be educated 
to A level standard and 
have a minimum of 5 
years sofid experience 
and above all an 
outgoing personality and 
Flexible attitude. 

Age. 25-30 Stalls: 90 '6Q +■ WP 

West End Office 
01-629 9686 

A 


01-4080424 


I HAMPSTEAD 

£12,000 . 

This ambitious and 
entrepreneurial group, 
with Interests ranging from 
food to tumfture. is 
looking for a senior PA 
whovriB match thatt 
commitment and 
enthusiasm. 

Your major task wfl be to 
manage all the 
ad mi nistrattvB. secretarial 
and liaison work involved 
in the take-over of new 
companies (currently 
running at two a month). 
An eye for detail and the 
abfihy to grow with the 
company are essential tar 
this position. 

StGfe. 90/50 Age 25-35 

CITY OFFICE 
726 8491 




PUBLIC 

RELATIONS 

SW1 

Busy Senior Partner re- 
quires exp audo sec with 
last acarete typing. Must 
ba presentable and wefl spo- 
ken as fiaising wNh VIP's, in 
person and by telephone. 
Languages useful. Salary 

Ring Maria at RPL on 
Of 588 6722 (Agy) 


RECEPTIONIST/ 

TELEPHONIST 

Required for securities dealing firm with 
attractive offices in. the City. Candidate, 
should be well presented arid well spoken: 
Good typing ability is essential ana word 
processing experience would be- nsefiil 
(training given if necessary). Honrs 9-6. 
The company oflfers a salary of tinea £9,500 1 
plus non contributory pennon scheme, . 
BUPA, free lunches, interest free season] 
ticket loan and membership of the sports ' 
dub. 

Candidate should contact Mary Mclnemey 
on - 

01 247 4311. 


SALES 

ADMINISTRATOR 

&£11,50D 

Take fin. Bn r eS poostbifty 
for processing ontais and 
« » i cto«ing any problems 
when you join this hailing 
coawoter company. As at 
raouable part .of tin bam 
you wil bise ' bet w een 
custaH e v sabs aid dhbi- 
butnn stiff wrffi sabs admin 
experience^ preferably witfea 
the computer mdusby, aged 
K^S. 


<• 1 1 





RECRUITMENT 


COTSWOLDS SECRETARY 

A senior person will be required as secretary to 
the Director of an International Company situ- 
ated in the CotswokJs. Applicants must tie able 
to work on own initiative and have good short- 
hand and typing speeds. Salary commensurate 
with importance of job and capabilities of ap- 
plicant. Applications in writing BOX E54. 


* ALGARVE, PORTUGAL 


FIRST CLASS ENGLISH SHORTHAND SECRETARY 


(100/60) required for Chairmans office in luxury resort 
Age Immaterial - good skills & abPity to cope under 
pressure more important 

Word Processing experience would be useful Apply in 
writing with full CV to 

VALE DO LOBO 

31a St George Street London, Wifl 9FA 


c£ 10,500 


Small, friendly, newly-formed 
Property Development Company 
in delightful Mayfair offices 
needs an energetic, 
enthusiastic, and well 
organised secretary. 
Salary - circa £9,000. 

Non Smoker essential. 
Please telephone Jane Buttle 
(01) 408 1188 


PA/PRIVATE SECRETARY 

Up to £12,000 plus benefits 
To dynamic entrepeneur/diptomat 

Gooq swetanal and otoiXmKkhI sUls me nued lor Bo respon- 
Dosfflnn as well as pud knowtedge o! Hencfl and German 
tuttry oiwes rr&jr ^ 

Tel 0344-772362 

(uvea & wrac ten dal 


PRODUCTION 

ASSISTANT/SEC 

W.il .ilnr.ik-U .'■+ v.-ar ,<M wiih Hpinj; jmi sou ml 

UiWl*. ..Mm !.. wiirl hirl linlum Knti>w 1 u whn 

huiM«x-i» Uv ilk- 1 lu-air. Iilnis TV ami ISrp ( unum A leam 
IU.i-.-i >iln» iv ulna k-llim-nl ami ran furl -up Ilk. - Pnulurtum 
i unttiilli.'T .V a IhKtiitr 1 all kar> n ■Xs*-lfrVI 

Middleton Jeffers 

KECXt.TT'lE'fT U-1ITED ^ 


Jj: 

tI! 1 

PA TO PERSONNa 
DIRECTOR £12,000+ 

toe oeoamnwy lor si atnbi 
Ittis mcw atmtwrg s« 
■ho has me axxea afeca- 

] 

t- 

lonai fiamjrd and would en- 

■ 

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THE TIMES MONDAY OCTOBER 27 1986 


OVERSEAS NEWS 


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Swiss nationals with offices in 
Prciona and Windhoek, the 
capial of Namibia, and they 
nave quasi-diplomatic status 
in terms of international pro- 
cedure. v 

The South African Govern- 
ment s request to them to 
leave is the first action it has 
taken at near-diplomatic level 
since international pressure 
was intensified to compel it to 
speed up the pace of racial 
reform. 

Mr Angelo Gnaediner. the 
acim£ head j?f the mission, 
said in Pretoria yesterday that 
he was in touch with IRC 
headquarters in Geneva and 
was awaiting instructions. 

The Geneva conference 
voted J 59 to 25. with eight 
abstentions, for a Kenyan 
proposal demanding the sus- 
pension of the South African 
government delegation. The 
conference is being attended 
by more than 300 government 
and non-government national 
Red Cross and Red Crescent 
Society delegations. 

The International Commit- 
tee of the Red Cross, the all- 
Swiss arm of the organization, 
refused to vote as it opposed 
the precedent which could be 
set by the issue, which was 
forced on the conference by a 
bloc of about 50 African and 
Communist states which 
threatened to stage a walk-out. 

The IRC mission in South 
Africa has been involved in 
securing the release of hos- 


Red Cross structures in black 
townships, based on its prin- 
ciples ofiiumanitarianism and 
neutrality. 

The South African Red 
Cross is an independent na- 
tional society run on the same 
basis as the British Red Cross 
and 142 other Red Cross 
societies worldwide. 

Mrs Rosa Ferreira, the sec- 
retary general, said in Jo- 
hannesburg yesterday that it 
was not dear how its activ- 
ities, including the commun- 
ity organizers’ project, would 
be affected by the Geneva vole 
and the Government's de- 
cision to ask the IRC mission 
to leave. 

She said: “There are tre- 
mendous ramifications for the 
enure Red Cross movement , 
and it is certain there will be 
repercussions. This constit- 
utes an assault on us by people 
who should have known 
better.” 

South Africa's involvement 
at the IRC conference in 
Geneva, held every four years, 
is linked directly to the fact 
that South Africa is a sig- 
natory to the 1949 Geneva 
Convention. 

Reacting to the vote, Mr 
R. F.“Pik" Botha, the South 
African Foreign Minister, 
said: “While continuing to 
give it fullest support to the 
fundamental principles of the 
International Red Cross, the 
South African Government 
will now have to consider 
whether the movement can 
still play a useful role in the 
country.” 

He said South Africa's 
suspension was a violation of 
IRC statutes. 

Mr Gurth Walton, the 
President of the South African 


From Michael Binyon 
Los Angeles . 

The Governor of California, 
commanding a- state of. 26 
million peopfe and an economy 
that ranks among the world’s 
top 10 nations, is ipso facto a 
figure of national importance. 

So if Mr Tom Bradley, the 
i Democratic ~ Mayor of Los 
Angeles, wrests the office from 
Governor George Denkmejian 
next month, he will not only 
become the first black gov- 
ernor in US history, but also 
the first black to hold an office 
that coaid be a stepping stone 
to the White House. 

Four years ajjo Mr Bradley 
came dose, losing by a mere 
200,000 votes. This year he is 
hoping the replay wiD gjve him 
victory. It is a forlorn .hope. 
For Mr Denkmepan now has 
the advantage of incumbency 
and a record of solid 
achievement 

He has- kept taxes down, 
added 1.7 nuffion jobs to the 
economy, forged dose Hniw 
with business leaden and is 
running on a popular platform 
of cutting crime and holding 
down spending. Little wonder 
that polls give him a lead of 
about 10 per cent 

To many people Mr Deuk- 
mejian is a rather doll, grey 


skQfnDy to his advantage, lie 
jokes that be is no Clint 
Eastwood, hat a man who has 
spent 24 years in Galiferehu 
government . 

• His greatest satisfaction 
was patting 'the state’s chaotic 
finances back in order after 
the tenure of die former Gov- 
ernor, Mr Jerry Brown. 

Consciously modelling him- 
self on President Reagan, he 
recognizes that the mood in 
Caliiontia has smug de- 
cisively against innovative, so- 
cially-oriented government 
towards fiscal conservatism. 

Against this, Mr Bradley is 
straggling to justify Us cam- 
paign slogan of “Damp the 
Duke”. He, too, has swung 
towards fiscal conservatism 
and runs a tight ship in Los 


lx X 

X x X x 

lv x x 
,X X X X 



Governor George Denkmejian of California, left, and his 
challenger, Mr Tom Bradley, Mayor of Los Angeles 


US MID-TERM 
ELECTIONS 


Angeles, balancing the budget 
for 13 years and lining the 
successful 1984 Olympics 
without spending any tax 
dollars. 

But, although racism has 
happily been kept ont of the 


Ggure, despite hfe lively Axrae- campaign, most whites, es- 
niau background- Turning this pecially the elderly in southern 


California, are convinced rtwt 
any Democrat is a big spender, 
and that a black wm be more 
markedly so* 

Mr Denkmejian pot Mr 
Bradley on the defensive by 
pointing to four tax rises he 
has ordered daring his may- 
oral tenure. 

Republicans have been sen- 
sible enough not to allow 
ethnic references to intrude 
Into the campaign. In a society 
as mixed as California's, any 
hint of disparagement of 
minorities would unify every 
Korean, Hispanic and Viet- 
namese behind Mr Bradley. 


sy. Mayor of Los Angeles 

But Mr Deokmepan has 
exploited to the full the one 
issue that seems to obsess the 
state at the moment: the death 
penalty. 

He boasts — yes boasts — 
that he wrote the California 
death penalty law, and revels 
in the polemics with Chief 
Justice Rose Bird, whose over- 
turning of 58 of the past 61 
death sentences on appeal has 
subjected her to a stream of 
vitriol from aD quarters. 

Chief Justice Bird’s recent 
charge that the Governor was 
trying to turn the California 
Supreme Coart into a “house 


tages. including a number of Bed Cross Society, who is also 
Britons, taken by the Unita Geneva, said: “We must 
rebels in Angola, and also in remain determined to con- 


prisoner of war exchanges 
between South Africa and 
Angola, the plight of refugees 
from Mozambique and the 
well-being of political pris- 
oners held under security laws 
in South Africa. 

It has also provided funding 
for the South African Red 
Cross Society, part of the IRC 
movement, particularly for a 
14 million rand (£3.5 million) 
community, oiganizers’ pro- 


remain determined to con- 
tinue and to intensify our 
humanitarian work in South 
Africa. 

“We are proud that the 
wonderful work of our volun- 
teers and staff among all 
communities has earned the 
approval and support of the 
International Red Ctoss com- 
munity and of international 
societies throughout all conti- 
nents of the world.” 

Leading article, page 17 



r- . ' ' ' ■ 


of death” was music to the 
Deukmejwn campaign. 

Mr Bradley is again in a 
difficult position here. Know- 
ing the support for executions 
even from blacks and Hispan- 
ios, he has distanced himself 
from Chief Justice Bird, but 
not enough to overcome the 
polarization on die issue. 

He counterattacks with a 
campaign on tougher environ- 
mental control and toxic 
waste, another issue popular 
in smog-bonnd Los Angeles 
and California as a whole. 

But Mr Denkmejian h« 
side-stepped the trap by 
denonndng the exemptions in 
the proposed tougher laws. 

The gubernatorial cam- 
paign, like that for the Senate, 
is dominated by television and 
by negative advertising, with 
each side lambasting the 
other. 

Unfortunately for the public 
relations men, each is person- 
ally respected, popular and 
boringly imflamboyanL 

It is hardly the zany knock- 
about the rest of America 
associates with California. Bat 
here the days of bendiness 
have been superseded by 
comfortable prosperity. And 
Governor George Denkmejian 
seems set to nsber in four more 
years of die same. 

Mourners 
defy Eta’s 
warning 

From Onr Own 

Correspondent, Madrid 

Sefior N arris Serra, the 
Spanish Defence Minister, 
and senior officers of the 
armed forces attended the 
funeral in San Sebastian yes- 
terday of General Rafael 
Gamdo, his wife, and their 
son, aged 16, who were all 
killed in an Eta bomb attack 
there on Saturday morning. 

The military men were all 
ignoring a direct warning by 
the Basque separatist org- 
anization that it would con- 
tinue to attack military targets 
until the Madrid Government 


Record 
deal to 
cut grain 
harvest 

Washington - The United 
States has announced the 
largest programme in history 
for paying formers not to grow 
com. barley and oats, which 
could result in 10 million 
acres of land lying fallow next 
year. The move comes in the 
midst of America's second 
largest corn harvest (Chris- 
topher Thomas writes). 

The scheme was announced 
less than two weeks before the 
mid-ierm elections, as an ob- 
vious gesture to try 1 to help 
beleaguered Republican can- 
didates from the Middle West 
and other areas with large 
agricultural industries. 

Fanners will be offered 52 a 
bushel for not growing the 
grains, which the Department 
of Agriculture said wns likely 
to cost between 51 billion and 
52 billion next year. 

Thai airliner 
blast theory 

Osaka (Reuter) - A Thai 
airliner made an emergency 
landing at Osaka with 40 
injured people, and police said 
a mechanical problem could 
have caused a mid-air 
explosion. 

The Thai International Air- 
bus carried 233 passengers 
and 13 crew on a scheduled 
flight from Bangkok and Ma- 
nila to Osaka. 

American 
goes East 

West Berlin (Reuter) - East 
Berlin guards arrested an 
American who ran through a 
border crossing from the US 
sector of West Berlin. 

A West Berlin police 
spokesman said that Mr John 
Runnings of Seattle, aged 68 . 
who made his dash through 
Checkpoint Charlie, had made 
several previous attempts to 
enter East Berlin to protest at 
the division of the former 
German capital. 


agrees to negotiate. „ , 

Sefior Felipe Gonzfilez, the OUS tT32C(lV 

Drimo Miniftar uihn an* tha O * 


General Rafael Garrido Gil, the military governor of Guipnzcoa, who was kilted by a bomb in San Sebastian, along with his 
wife and son, and the car in which they were travelling when two men on a motorcycle placed a bomb on the roof. 

Iberian leaders agree on closer links 


Geneva unhappy 
about decision 

From Alan McGregor, Geneva 


The International Commit- humiliated.” lie then quit the 
tee of the Red Cross (ICRC) hafi. 
said yesterday that it regretted He rejoined the other thr 
Pretoria's decision to expel the members of his delegation f 
International Red Cross mis- ^ tf the voli-caU vo 
shm from Sooth Africa, and ^ again tried vainly 
feared that the country’s -address the 1,000 delegates. 

“The fed Cross has sad 
conference m Geneva “risks today it can t 

J * av ®8 ^eTgSSntee total adhe 

erwebymembers to itsste 
and protecting . ntes and principles,” be said i 

It pointed out that in addi- a written statement, 
tion to visiting some 300 


He rejoined the other three 
members of his delegation for 
the result of the voli-caU vote 
and again tried vainly to 


prisoners sentenced under the 
security laws, the delegates 
assisted the South African 
Red Cross Society, which has 
not been excluded from the 
conference, and provided aid 
for about 20,000 refugees from 
Mozambique. 

The ICRC statement under- 
lined that Red Cross statutes 
preclude expulsion from the 
general conference, attended 
by delegations from 123 gov- 
ernments (of the 165 sig- 
natories to the Geneva Con- 
vention) and 137 National Red 
Cross or Red Crescent soci- 
eties (seven not participating). 

It was on this point of 
legitimacy that the conference 
split after Kenya called on 
Thursday for a vote compel- 
ling the South African govern- 
ment delegates to leave. 

After prolonged efforts for a 
compromise, the ronferenceon 

Satnrdav voted 159 to 25, with 
eight abstentions, for the Ke- 
nyan proposal. 

After the vote Mr Jeremy 
Shearer, South African Am- 
bassador in Switzer- land, 

stormed down the centre aisle 
of the conference hall. 

WhDt African delegates 
bundled derisively, be plucked 

bis metal conference badge 

and delegation identifica^ 
card from his lapel and threw 
them in front of Mr Alexandre 
Hay, the IRC pnw'dent, say- 
ing “It is not we who are 


“The Red Cross has sadly 
demonstrated today it can no 
longer guarantee total adher- 
ence by members to its stat- 
utes and principles,” be said in 
a written statement. 

“This failure calls into ques- 
tion its ability to play a nentral 
role in international conflicts.” 

A subsequent Australian 
motion, on behalf of Western 
Red Cross societies, to sus- 
pend the conference — held 
once every four years — to an 
unspecified later date was i 
voted on in secret ballot, with 
178 against, 52 for and five 
abstentions. 

African delegates were hi no 

mood to be balked by legal- 
ities, though some critical 
eyebrows were raised at the 
assertion by Mr Dimitri 
VenedOdor, the President of 
Soviet Red Cross, to the effect 
tint if an exclusion vote was 
contrary to the statutes “Item 
let ns improve onr roles of 
procedure”. “This,” he added 
“is a thermo-nuclear era with 
need for dynamic action.” 

While the African Red 
Cross delegations voted with 
their governments, as did 
those from Asian and Arab 
countries — also of course the 
Soviet bloc - many Latin 
American Red Cross .repre- 
sentatives did not participate 
in the exclusion vote. 

The conference continues 
today after delegates relaxed 
yesterday with an excursion to 
Les DiaWerets, 3£00 ft np in 
the Vandois Alps, where they 
cooled off in nea r-freering 
temperatures, surrounded by 
the first snows of winter. 


From Richard Wigg 
Gmmardes 

The prime ministers of 
Spain and Portugal, at a 
weekend meeting here, 
pledged their countries to a 
new degree of economic co- 
ordination now that both are 
members of the European 
Economic Community 

The two Iberian nations, 
whichhistorically have “had 
their backs to each other,” 
have accepted the inevitability 
of closer co-operation, aides 
emphasized after the 24-hour 
meeting. The delegations in- 
cluded the foreign and 
economics ministers. 

This was the-first such top- 
level meeting between the two 
countries since they joined the 
EEC last Janaary. It was 


revolution.” In the view of 
Professor Anibai Cavaco Sil- 
va, who heads a minority 
Government in a country still 
deeply suspicious of its more 
powerful neighbour, the meet- 
ing represented a “big step 
forward”. 

The Portuguese had chosen 
as the site for the talks an 
ancient monastery overlook- 
ing Guimaraes, “the cradle of 
the Portuguese nation”, and 
nowadays the centre of a 
textile and shoe manufac- 
turing region of northern Por- 
tugal which competes for 
markets with identical Span- 
ish products. 

Fbr the other EEC countries 
the two governments’ message 
was the need for more 
Community fending to help 
provide a solid basis fora new 


devoted largely to reviewing provide a solid basis: 
the long-term implications of Iberian partnership, 
the Community framework. The basic stumbli 


the Community framework. 

Senor Felipe Gonzalez, the 
Spanish Prime Minister, 
spoke of a “Copemican 

Protection 
for pupils 
in Soweto 

Johannesburg (Reuter) — 
Police will provide protection 
for black pupils taking school- 
leaving examinations in So- 
weto township today after 
fellow blacks disrupted' xbe 
tests last week. 

The Department of Educa- 
tion and Training said guards , 
would be posted at examinar 
tion centres which had been 
stormed on Friday by black 
youths armed with whips and 
knives. 

Several people were hurt 
when the youths beat students 
and teachers and tore up 
examination papers. 

Witnesses identified the 
attackers as militant 
“comrades"opposed to the 
Government’s education poli- 
cies. which they regard as 

preparing blacks for an in- 
ferior place in society. 

Government officials said 
manpower shortages had pre- 
vented police protection ear- 
lier. 


Maputo says farewell to Machel 

* oftrrirtnrs off the . AiIkkt PlwjiHtnfstaTf:: 


Thou- in the side corridors off the At least 12 heads of state are 
Maputo (Abr) - ^ where the body was expected for the feneral 

sands of Mozambicans t j . Thousands including the leaders of the 

the capitals todepenoe . j C£ « condolence books. five other frontline stalest. 
Square \esterday ' to file P«i s body of the President Britain will be represented 
the bodi of Pj^tdent Samora i ^ Qlh ' r people killed in by Mrs Lynda Chalkier. Min- 
Machcl. killed m a plane crash have been lying in feter of State at the Foreign 

in South Africa. since Friday. The Office, and the United States 

Brought in by buses w funeral will by President Reagan's daogh- 

Samora Machel Avenue-^ ™ momw followed by the ter, Maureen, the Soriet 

Vkide street leading froni tijc “ h I0 re on Wednesday. Union is tending Mr Getfar 

imposing colonial CWjwj ° ^ dly streets were quiet Aliyev a Deputy Prime Mm- 
where the body was l>mj. “ - h ail flags al half-mast and isrer and Pohtbmp member. 

Maputo Ba>- «),. radio suti playing solemn Die African National Con- 

quSl queues m H* «“"» j^rig* hovwver. ares (ANC5 oCSouth Africa, 
sun. ushered by marshals. bustling with what one the mam guerrilla group, is 

Red Cross volunteers i^ribed as help represented by a large defega- 

1 ended to weepmg ' von f 5 £ “amounting to an airlift” from iron headed by its president, 
wfrofrad coHaused “ zSSnd Angola. Mr Oliver Tambo. 

the bail, or those who 


five other frontline states. 

Britain will be represented 
by Mrs Lynda Chalkier. Min- 
ister of State at the Foreign 
Office, and the United States 
by President Reagan's daugh- 
ter, Maureen. The Soviet 
Union is sending Mr Geydar j 
Aliyev, a Deputy Prime Min- 
ister and Politburo member. 

The African National Con- 
gress (ANQ of South Africa, 
ute mam guerrilla group, is 
represented by a large delega- 
tion headed by its president, i 
Mr Oliver Tamba I 


The basic stumbling block 
to untroubled relations be- 
tween Spain and Portugal has 
always been, and remains, the 

Mugabe 
warning 
to Botha 

The Prime Minister of Zim- 
babwe, Mr Robert Mugabe, 
yesterday warned South Af- 
rica’s President, Mr P. W. 
Botha, that Zimbabweans 
would “die to the last man" 
rather than let the right-wing 
Mozambique Resistance 
Movement take power follow- 
ing President Samora Mach- 
el's death. 

In an emotional speech to 
45,000 people at a memorial 
rally for the Mozambican 
president in Harare's Rufeto 
stadium. Mr- Mugabe recalled ; 
the key role Mr Machel played 
in providing Zimbabwean 
guerrillas with bases after 
Mozambique's independence 
from Portugal in 1975, and his 
refusal to recognize any com- 
promise with Mr Ian Smite's 
Rhodesian government 

“Zimbabwe will never, 
ever, allow a situation when 
the MNR takes over control in 
Mozambique.” said Mr Mu- 
gabe.“Let Botha get that quite 
straight" 

Mozambique’s sovereignty 
was Zimbabwe's sovereignty. 

Mr Mugabe’s pledge ap- 
pears to be a public response 
to tee request, by Moz- 
ambique’s beleaguered Fre- 
limo Government, for extra 
Zimbabwean troops to help 
repel tee current rebel offen- 
sive, .alleged to be emanating 
from secret bases in Malawi 

A force of at least 5,000 
British-trained Zimbabweans 
has been adopting a largely 
defensive role in Mozambique 
Over the - past nine months, 
protecting the front line states’ 
vital road, rail and Oil pip^ 1De 
links with the port of Beira. 
which is their only major 
outlet to the sea other than tee 
South African ports. 


trade imbalance, roughly 2-1 
in Spain’s favour. 

Figures for the first eight 
months of this year reveal that 
trade advanced in both direc- 
tions, but with Spain moving 
up from fifth place to second 
after West Germany among 
Portugal's trading partners. 
Spanish exports to Portugal 
were £390 million, while 
Portugal’s exports to Spain 
totalled only £185 million. 

At a press conference at tee 
end of the meeting. Sefior 
Gonzalez committed himself 
to correcting this trade im- 
balance in the medium-term. 

Professor Cavaco Silva im- 
mediately picked up the 
undertaking, saying he took it 
to mean that Spain would 
remove all obstacles to Portu- 
guese exports. 

However, trade experts in 
Lisbon point out that Portugal 
feces a structural problem: it 
has to import from Spain the 
machinery ft does not produce 


Prime Minister, who got the 
news while meeting his Portu- 
guese colleague in northern 
Portugal, looked visibly 
shaken when he described Eta 

San Sebastian, ahngirilfa tab SLSSSSlHjESSSrfhS' 
need n bomb on the mat 

I m ~m negotiations. 

jjAi* I'M It'£< After a tense service, at 

I I MM BV3 which 20 Basque priests offici- 

, „ ... . ated. there were vivas for the 

locally, while its exports run Spanish Army but no political 
up against Spain s protective demonstrations. 

trade tamers, which are only <jan Sebastian’s mayor had 
bqphmng.to come dtwn now emphasized that the general 
smro it joined tee EEG. had been a democrat. 

One reason why the Guima- Saturday was also the sev- 
raes meeting went successfully enth anniversary of the Slat- 
was teat Brussels had already me of Guernica, the legal ta«fk 
resolved the two Iberian for Basque home nile, which 
nations’ long-standing fishing has been rejected by tee 


Iberian fo r Basque home rule, which 
fishing has been rejected by tee 


dispute, and arbitrated an-j separatists. 

other conflict in Portugal’s General Garrido, who had 


favour, reducing from 60-70 asked to be appointed Gov- 
per cent to around 30-35 perl ernor of the Guipuzcoa mili- 
cent tee level of Portuguese! buy region, was the second 

hofder of that post to be 


required 


industrial goods if they are to assassinated, 
enter Spain with zero tamfs. Two young men on a 
Electronics and domestic motorcycle and wearing crash 
electrical appliances are helmets had drawn alongside 


among Portugal's fastest- fog general’s car as it was . _ 

expanding exports. waiting at traffic lights to turn 1 H Of} IIOIIIG 

Senor Gonzalez signalled into San Sebastian’s mam » “ T. 

greater flexibility over some boulevard. Fans (APT) — Thirteen 

textile items from Portugal, They threw tee bomb on to supponers of formei^ M- 
but he must tread gingerly tee roof, the only part of the 
because .of the Socialist vote in vehicle that which was not 
Catalonia, the big centre of reinforced, police said yes- 
Spain s textile industry. teiday. 


Bulawayo (AP) — At least 26 
people were killed and 45 
injured when a bus and a lorry 
collided head-on in the 
Bubyiya area of southern 
Zimbabwe. 

College death 

Lagos (AFP) — Authorities 
in Nigeria's eastern state of 
Imo ordered the closure of 
Ahiara technical college after a 
group thought to be students 
attacked security officials, kill- 
ing one and injuring at [east 
three others. 

Search off 

Canberra (Reuter) — Rescu- 
ers called off a search for 18 
crew members and passengers 
from a Taiwanese trawler that 
sank off Western Australia. 

Grenada’s day 

St George’s. Grenada (Reu- 
ter) — Grenadians marked the 
third anniversary of a US-led 
invasion of their island with a 
Thanksgiving Day holiday. 


supporters of former Al- 
gerian president, Ahmed Ben 
Bella, have been allowed 
home after a threat to expel 
teem from France was lifted. 


SPD acclaims Rail’s 
election programme 


From John E n gfo"^, Bonn 

Only two weeks after suffer- ing speech and adopted tee 
g a state election thrashing programme unanimously. 
Bavaria, West Germany’s According to the pro- 
>cial Democrats (SPD) bou- gramme, Herr Ran, as Chas- 
ed back off the ropes on cellor. would pat more 
ituiday with a programme emphasis on West German 
r government in Bonn interests in East-West disa- 


ing a state election thrashing 
in Bavaria, West Germany’s 
Social Democrats (SPD) bou- 
nced back off the ropes on 
Saturday with a programme 
for government in Bonn 
following the federal poll in 
January. 

The programme, covering 
tee yeais 1987-91, was un- 
veiled at a pre-election con- 
ference in Offenburg, in tire 
Black Forest, by Herr Johan- 
nes Ram tee SrD’s candidate 
for Chancellor, who said the 
present Government was un- 
able to build a good future for 
all West Germans. 

He called on delegates to 
win over citizens al all levels 
to an “alliance of common 
sense” with tee party. The 440 
delegates applauded his fight- 


rmament talks.' The two 
superpowers would be called 
upon to- remove all their 
medium-range missiles in 
Europe without delay. - 

Deployment of short-range 
missiles should be frozen, and 
negotiations for the removal 
of those in situ should be 
started. An SPD government 
would also renounce Bonn’s 
agreement with Washington 
on Star Wars research. 

The SPD’s blueprint for a 
return to power, however, 
concerns itself mainly with : 
domestic issues. ' I 


reinforced, police said yes- nome aner a tnreai to e; 
ferday teem from France was lift 

-hRSPSfte Squatter clash 

injured, including a boy aged Hamburg (Reuter) - More 
tivp- than 300 police clashed with 

Nine of teem were taken to demonstrators after evicting 
hospital where a Portuguese and arresting 25 squatters 
woman, aged 29, was said to from a city house, 
be in a serious condition. _ _ 

In order to emphasize the f ftll kIII Bu 
further radical iza tion of the . ■ , AD . A rnn ,L , n 

Basque situation, the extreme 

tearing Basque nationalist 2"' » "E>*™**» 
Hern Batasuna party, the "are endjol ed before tile start 

political ann of EtTSLght ” 

25,000 people on to tee streets Greek city. 

of Bilbao on Saturday evening Trnnnc Ipavp 
to support tee terrorists’ de- A 1 c 
mana for the Socialist Gov- La Paz (Reuter) — 
emment to negotiate. troops have started to le 

In Vitoria, the Basque cap- Bolivia after backing an a 
ital, there was another cocaine drive, and a lead 
demonstration at the same official said Washington ] 
time, by all tee other political a S ree d l .° provide more tl 
parties, to demand teat Fl a £100 million to continue 
should free an elderly Basque eradication campaign. 

days ago. Mnappcd 11 1 AJd denial 
There is only a little more ^5 Ababa (Reuter) 
tean a month to go before the Ethiopia rejected accusatii 
BasquepeopJe go to the polls by foe Sudanese Prime M 
to elect a new regional jsier. Mr Sadeq al-Mahdi. l 
parliament _ hackine rebels in sou 


Anti-abortion centre fined 


Strategically situated near 
abortion dinks timuKhoot the' 
United States are Problem 
Pregnancy Centres winch, at 
first glance, look like rival 
agencies. In reality the centres 
are run by refigfoisly moti- 
vated anti-abortion groups. 

In recent weeks, tire atten- 
tion of the two lobbies was 
| focused upon Texas and the 
! nation’s ffrst prosecution of a 
! Problem Pregnancy Centre 
under laws regulating decep- 
tive trade practices. 

Bote lobbies have . now 
hailed the result, in which the 
centre was found guilty and 
fined 539,000 (£ 27,000), ss a 
milestone. Mr Steve Gardner, 
the district attorney respon- 
sible for the prosecution, said 
that the decision “sends a 


From Paol'VaUely, Houston 

strong message to dinks 
across file country — don't lie 
to pregnant -women, in the 
names of facts, help, .Go if or 
anybody”. 

The dink had asserted that 
in pursuit of its religions 
beliefs it had a right to lie. 
“They have no such rights,” 
he said. 

The Texas dink, like most 
of tee others, is affiliated to 
the Pearson Foundation which 
produces a booklet, entered In 
evidence in the case, on “How 

to operate a pro-life center tint 
looks and sounds like an 
abortion clinic”. 

Its stated principles make 
dear its opposition to tee 
“silent abortion” of the piU 
and tee IUD. 


Pro-abortion campaigners 
who visited other centres claim 
that Its information to preg- 
nant women is ™igi<M«diag. 
One showed* film of a woman 
passing oat and having convnl- 
sions during an abortion. In 
another, women were told that 
they would probably become 
stalk after an abortion. 

. Mr Charles Pelletier, who 
runs the Texas centre, prefers 
to avoid nse of the word 
deception. “We call it evasfon 
and see nothing wrong with 
that,” he said. 

Mr Pelletier has lodged an 
appeal based on the legal point 
of whether, as a non-profit 
making body, the dink falls 
within the jurisdiction of 
deceptive trading tews. 




La Paz (Reuter) — US 
troops have started 10 leave 
Bolivia after backing an anti- 
cocaine drive, and a leading 
official said Washington had 
agreed to provide more tean 
£100 million to continue tee 
eradication campaign. 

Aid denial 

Addis Ababa (Reuter) — 
Ethiopia rejected accusations 
by tee Sudanese Prime Min- 
ister. Mr Sadeq al-Mahdi. that 
ii was tacking rebels in south- 
ern Sudan. 

Envoys move 

Abidjan (Reuter) — The 
Ivory Coast is to move its 
embassy in Israel from Jeru- 
salem to Tel Aviv, a senior 
government official said. 

Five sacked 

Moscow (Reuter) — Five 
senior Communist Party of- 
ficials have been removed 
from their posts in Soviet 
Moldavia, whose leadership is 
under fire from Moscow for 
foiling to stamp out corrup- 
tion and doctoring figures. 

Air protest 

Tokyo (AP) - More than 
2.600 local formers, radical 
leftists and others rallied to 
protest against the planned 
expansion of Tokyo’s intejv 
nationai airpon at Narita. but • 
10.000 riot police kepi.tbem 
away from the airport. 


THE TIMES MONDAY OCTOBER 27 1986 


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on 01-588 4424 


THE ARTS 



Claudio Abbado (left) has been 
quick to make his mark in one 
of the hottest seats in all 
opera; John Higgins reviews 
the new Vienna Un ballo in 
maschera — much enhanced 
by Luciano Pavarotti (right) as 
Gustavus — and investigates 
Abbado’s hopes and plans 

Orchestral 
ace in his 
element 



3ND 


English National Opora 

London Coliseum 
Si Martin's Lone, London WC2 

Box Office 01-836 3161 
Credit Cards 01-240 5258 


Opens Wednesday 7.30 
Ian Judge's new production of 




Cavalleria 
Rusticana Pagliacci 

Mascagni Leoncavallo 


casts inc. 

Edmund Barham Turiddu 
Jane Eaglen Santuzza 
Malcolm Rivers Alfia 
Fiona Klmm Lola 
Shelagh Squires 
Mamma Lucia 


Helen Field Nedda 
Rowland Sidwell Conio 
Nicholas Folwell Tonio 
Bona venture Bottone 

Beppe 

Christopher Booth-Janes 

Silvio 


Conductor Jacques Defacote 
Set Designer Gerard Howland 
Costumes Deirdre Clancy 
Lighting David Cunningham 

This production is sponsored by Friends of English Notional Open 


C laudio Abbado has just 
completed his first week 
in frill public view as 
Music Director of the 
Vienna State Opera. He 
has conducted his first new produc- 
tion there, Verdi’s Un ballo in 
maschera, as well as a revival of 
another Verdi opera with which he 
has long been associated, Simon 
Boccanegra. There is no trickier 
opera-house in Europe to command 
either in political or in public terms, 
as the outgoing Music Director, 
Lorin MaazeL would no doubt 
agree. But Abbado comes much 
better qualified than most he 
arrives a hero, be learnt much of his 
music here as a student and a long 
period at La Scala taught him a lot 
about musical diplomacy. This 
autumn the honeymoon with Vi- 
enna is surely on. 

Ballo was an astute choice for the 
opening opera. Abbado has re- 
corded it for DG but has only 
conducted two stage productions 
until now: at Covent Garden and 
Zeffirelli's famous "Boston ver- 
sion” in the early Seventies at La 
Scala. But Ballo' s highly individual 
blend of joie de vivre, even frivolity, 
with tragedy always a bar or two 
away, which can prove so elusive, 
comes naturally to Abbado's fin- 
gers. It is at times as though Rossini 
(whose leading interpreter for a 
decade and more has been Abbado) 


is mixed with the darker world of 
Forza. With the Viennese players, 
who can fight it out with La Scala 
for the title of the world’s best 
opera-house orchestra, he looked to 
be on to a winner. 

And so it proved. Ballo provided 
some of the best Verdi orchestral 
sound I have heard in a long while 
in the theatre, with the strings in 
particular excelling themselves in 
the Act II Love Duet But over all 
there was the feeling of easy 
accuracy, a lightness of touch, 
effects achieved with a minimum of 
apparent effort This was marvel- 
lous playing. Abbado's relationship 
with the Vienna Philharmonic, 
provided he keeps the right players 
in the Opera House pit is going to 
be one of his strongest cards in the 
years ahead. 

On stage the evening belonged 
almost exclusively to Luciano 
Pavarotti. His appearances in the 
theatre are none too frequent now- 
adays and. like Gaudio Abbado, he 
had chosen wisely. Gustavus (Vi- 
enna opts for the Swedish setting) 
suits him admirably. The tenor 
timbre at the moment is in gleaming 
good health with no sense of strain 
at the top. Pavarotti almost visibly 
gathers together the right mood for 
the beginning of each major num- 
ber, collecting a little insouciance 
out of the air for the Barcarole or 


assembling the right troubled fea- 
tures for Act Ill’s "Ma se m’e 
forza**. But once the aria starts there 
are neither ears nor eyes for anyone 
else. Thai farewell to Amelia was a 
partciuJar triumph not only of 
lyrical singing but of phrasing and 
diction. The Vienna public spent 
several minutes trying to force an 
encore but Pavarotti, despite look- 
ing justifiably pleased with himselfi 
wisely remembered he still had a 
death scene to accomplish. 

Around him there was not a great 
deal to admire. Margaret Price, the 
Amelia, cancelled after the first 
night and was replaced by a young 
Austrian soprano, Gabriele Lecb- 
ner. who was understandably over- 
awed by the grandeur of the 
occasion and took some time to 
warm up. She began to show some 
of the fullness of her voice — 
probably more suited to an Agathe 
or an Elisabeth than an Amelia — 
towards the end of "Mono — ma 
prime in grazia'*. Piero Cappuc- 
cilli's Ankarstrom, much ap- 
plauded, was a disappointment and 
a mere shadow of the performance 
he gave, also under Abbado, in thai 
Scala Ballo. Despite a trim wig, 
which made him resemble in profile 
at least the young Zeffirelli, he 
turned in an uninvolved and almost 
bloodless performance. Magda 
Nador’s Oscar, with much eye- 
rolling and ankle-flashing, also 


seemed to come out of an earlier era 
of interpretation when the least 
subtle gestures appeared to be the 
most appreciated. After Pavarotti 
the most satisfactory performance 
came from Ludmilla Schmetschuk 
as an Ulrica who could put the fear 
of prophecy into anyone who 
crossed her hand with a piece of, 
silver. 

Some of the blame for the lack of 
dramatic impact on stage — as 
opposed to that in the pit — goes to 
the production team of Gianfranco 
de Bosio and Emanuele Luzzati, 
who together took a staid and 
middle-aged view of an opera which 
has no truck with such attitudes. 
Luzzati has grown up little since his 
Glyndebourae days of the late 
Sixties and early Seventies, when he 
employed a monotonous Toytown 
approach to everything. The sliding 
bits of cut-out scenery may evoke 
Drottningholm, a theatre to which 
Gustavus was much attached, but 
they lack any atmosphere until the 
final scene when the grotesque 
maskers at the ball stretch into an 
infinite distance to the waters of 
Stockholm itself. De Bosio contents 
himself with arranging his singers 
on stage and avoiding any dramatic 
reality. On Gallows Hill Gustavus 
and Ankarstrom merely exchange 
cloaks for the purposes of disguise 
and remain just the same from the 
neck up. 


T alking to The Times be- 
tween performances, 
Abbado confirmed that he 
would be conducting no 
opera outside Austria be- 
fore 199L After a new IVozzeck for 
next summer’s Vienna Festival 
there will be more Verdi; a Don 
Carlo, m I talian, with Freni, BaJtsa 
and Bruson; then in 1990 Nabucco , 
an opera not previously heard at the 
Staatsoper. Rossini, will be repre- 
sented by L’italiana. Giorgio 
Strehier is expected to be involved 
in one of the Verdis. 

Russian opera, another Abbado 
speciality, will be represented by 
Khovanshchina. also new to Vienna, 
and a Boris, probably with 
Burchurladze. which will begin at 
the Salzburg Festival before moving 
easL 

Abbado’s most immediate con- 
cern now, after Verdi, is with 
Schubert. He begins recording the 
Crosse Messe, a work he has not 
previously tackled, for DG tomor- 
row with a young cast led by Jeny 
Hadley and Kariia Mattila: "It 
could just as easily have been a 
more mature one — Price and 
Schreier, say — for the Schubert 
Messe looks forward to Berlioz”. 
Then there is the opera Fierrabras 
both for DG and the Staatsoper. 

Now that is a long step from 
Wozzeck and indeed from Ballo. 


Radio has always had prob- 
lems discussing its own output 
and has traditionally solved 
them by doing it as little as 
possible. The occasional play 
or. much more rarely, docu- 
mentary gets discussion on 
Critics' Forum or Kaleido- 
scope but that has been about 
the limit of sound broad- 
casting's critical examination 
of itself. So The Radio Pro- 
gramme (Radio 4. Thursdays, 
repeating Sundays) is some- 
thing of a pioneer half an hour 
devoted to assessing what the 
medium has been up to, not 
only in the preceding week, 
buimore generally in the way 
in which it makes its 
programmes. 

Laurie Taylor, not until 
now one of my favourite 
broadcasters, was to present. 
Each week would bring a new 
celebrity to talk about his or 


Self-examination without misgivings 


her “personal listening". A 
three-person panel, also chan- 
ging weekly, would review a 
couple of programmes. There 
would be a short report on 
some aspect of radio back- 
ground and a quiz conducted 
by Richard Baker. What were 
we in for? W ^ ihis to be some 
ghastly essay in sharpening 
radio's image and selling it as 
fun? 

There was plenty to gen- 
erate misgivings. But this has 
turned out an excellent little 
programme with little of the 
air of reluctance and defen- 
siveness which has charac- 
terized radio’s past efforts to 
talk about itself. The whole 
affair is pleasantly confident 
and that includes Professor 


I RADIO { 

Taylor's presentation: no 
longer does he give the im- 
pression of always striving 
after effect. 

Even the celebrities (Billie 
Whitelaw, Ian Dury, Pere- 
grine Worsthorne) have had 
sensible things to say, while 
the critics’ panel has been 
broadly based, knowledgeable 
and firm. This and the report 
are the guts of the programme. 
In the latter Sarah D unant has 
considered sound-effects and 
their uses, the “BBC voice", 
and the ploys that interview- 
era use to soften up their prey. 
Do you ever feel that radio 
announcers are practising a 


minor form of evangelism? 
Ms Dunam had been speaking 
to. among others, a voice 
therapist who suggested that, 
because they cannot be seen, 
announcers put the missing 
facial expression into their 
intonation. This leads to over- 
emphasis and the effect is 
much like that of aduhs 
talking to children. I greeted 
this opinion with a cry of 
recognition. That tone sug- 
gests an attitude to us. the 
listeners, as if on every pos- 
sible occasion we needed to be 
reassured, cajoled, persuaded, 
mollified. Is this another in- 
dicator of radio's own sense of 
insecurity? 

Although in every otherway 
Susan Hill's elevation to the 


chair of Bookshelf (Radio 4, 
Thursdays, repeating Sun- 
days) looks like a winner — 
what better than to appoint a 
novelist, critic and playwright, 
and a radio playwright at that? 
— 1 have detected in her first 
two programmes just a touch 
of announcer's evangelism. 
Declaring her intentions to the 
Press, she told us how she 
hoped to span the reading 
years from four to 94 and not 
to be intensely critical in a lit 
cm sort of way, but to 
celebrate her good fortune in 
being able to talk about one of 
the great pleasures of her life. 

The goods delivered have 
been much as per specifica- 
tion: that lovely piece on 
children's annuals touched the 


low end of the age-range and 
her interviews, notably that 
with Kingsley Amis, radiate 
her interest, knowledge and 
enjoyment. But every now 
and then her manner to her 
listeners is a little over-win- 
ning. which is surely the last 
thing a natural winner needs 
to be. 

Among winners. 1 wish the 
runners-up in Radio Times’s 
comedy writing competition 
had shown something like a 
touch of class. Yon Start — I'll 
Join In (Radio 4. Saturday) 
had some meagre jokes, a thin 
story and no characters to 
speak of But there is worse 
news: its authors. David Bond 
and Paul Hawksbee, have a 
contract for more of the same. 
They had better throw away 
that competition script and 
start again. 

David Wade 


¥ 


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THE TIMES MONDAY. OCTOBER 27 1 986 

THE ARTS 


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Creature 

comfort 

W hen it comes to not hurting a 
fly, you cannot beat the Jains, 
the Indian religions sect based 
on the strictest belief in non- 
violence which was the subject 
J®®* . n .*ght’s Everyman 
(BBCl). Jams sleep with sort 
of whisks, not to flay blue- 
bottles into their next re- 
incarnation but to ease them 
ont of the way when they are 
threatened with squashing. 
Not that a Jain monk or non 
could squash much anyway, 
since eating and drinking are 
kept to the minimum lo limit 
the massacre of innocent or- 
ganisms. Washing is of course 
out, because of the murder of 
wild life involved. Whether 
this results in yet more 
benevolent whisking, I do- not 
know. 

| TELEVISION j 


Even photography is re- 
garded as unnecessarily lethal, 
but fortunately for the makers 
of the' programme enough 
Jains were prepared to tol- 
erate some assassination to get 
their message across. Audi 
jolly nice people they seem to 
be, though with one or two 
drawbacks such as believing 
the earth is flat. One monk 
had been prompted by the 
launch of a sputnik to have 
second thoughts. Fellow be- 
lievers were so horrified they 
stoned him, which must have 
done for quite a. few little 
creatures in the air though not 
the monk, now a jolly, if still 
heretical, lay Jain. 

Being non- violent, however, 
does not prevent Jains from 
being smart at making money. 
In Smart Money , BBCI's 
drama in honour of the Big 
Bang, much money was made, 
non- violently if illegally, by 
hacking Loudon's backing 
computer system (CHAPS). 
The writer, Matthew Jacobs, 
chose a simple, almost car- 
toonist) approach to the now 
only too familiar genre of 
computer thriller, but the 
director, Bernard Rose, of pop 
promo fame, embellished the 
script with slick visual effects. 
The cast, with Alexandra Pigg 
and Spencer Leigh, as the 
romantic hackers, aided by a 
boy genius (Sean Edwards), 
did well to sustain credibility 
while giving CHAPS a bad 
name. 

Andrew Hislop 


| THEATRE 

Edward II 

Royal Exchange, . 
Manchester 


B racketed by the sol- 
emn obsequies for 
two kings, Nicholas 
Hytner’s version of 
Marlowe contrives 
to be vigorous, lightweight, 
even amusing. T rape it ianot 
The appeal of this play over 
Fausrus lies in its hint of a. 
sexual rather than a spiritual 
self-portrait, and in its con- 
comitant whiff of prolepsis 
with the atrocious, Orton- 
esquely apt murder of the 
king. Ian McDiarmid makes 
his intentions plain from his 
first mincing entrance to the 
court. “Why shouldst thou 
kneel?” is delivered with the 
new king himself, kneeling to 
embrace his Gaveston (Mi- 
chael Grandage), and the next 
moment they are wantonly 
snogging on the floor with the 
full complement of body- 
language. Later, they will re- 
peat the action on the throne. 

After learning of Gaveston’s 
death, Edward renders the 
stage direction at “See how I 
do divorce Spencer" [Em- 
braces Spencer ) with a five- 
second smacker between the 
Iasi two words. Even in death, 
he cannot escape the implica- 
tion of homosexual martyr- 
dom. for — having been 
skewered beneath ' the up- 
turned throne (a neat touch, 
even if it does resemble a prop 



Edward with Gaveston: Ian McDiarmid (left), Michael Grandage 


from a Benson and Hedges 
commercial) — he suffers the 
final indignity of having the 
murdered murderer Lightbom 
collapse on to his naked 
buttocks. One only wonders 
whether, if this were a brand 
new work by, say, Chris Mar] 
of Deptford, Mrs Whitehouse ' 
would prosecute. 

Even though sodomy was 
then a capital offence, Elizabe- 
than audiences would surely 
have responded more to the 
political resonance of bad 
government than to the mere 
fact that the king was a quean. 
Mr Hyiner’s apparent inten- 
tion to make anti-homo- 


What Every 
Woman Knows 
Adam Smith Centre, 
Kirkcaldy 

What every woman knew, 
according to J.M. Barrie, was 
that behind many a strong 
man lurked a stronger woman 
letting him think he wore the 
trousers. Self-sacrifice or man- 
ipulation? Set against the 
struggles for women's eman- 
cipation in the early 1900s, 
Barrie's is a shrewd, enliv- 
ened and witty play exploring 
ambition and sexual politics 
on several levels at once and. 
coining some wonderful Wil- 


dean aphorisms on the way. 
Barrie's subversive comedy 
must have struck home when 
it was first staged. Proffered 
now (by the Scottish Theatre 
Company on tour), it still 
offers all sorts of nuggets to 
chew on about the nature of 
ambition and chauvinism and 
the background of strong 
women in Scotland, at the 
same time posing questions 
about just bow much has 
changed. How would Barrie 
approach the political scene 
today, one wonders, or the 
respective pressures on suc- 
cessfixl men and women? 

There is ample time to 
wonder in Tom Fleming's 
assured and well-tuned pro- 
duction. The STC seem at 


sexuality the nub of the earls' 
revolt (abetted by the inter- 
polation of a rather tiresome 
sub- Fellini masque in Act I, 
and pointed up .by Young 
Mortimer's refusal to let Ed- 
ward kiss him even on the 
forehead) has the effect of 
drawing up the battle-line off- 
centre. This would not matter 
if Mr McDiarmid - here a 
mannered, self-indulgent, es- 
sentially un serious actor — 
had the emotional range to 
articulate the vicissitudes of 
the king's downward slide but, 
the more he postures and 
camps, the more monotonous 
he becomes. 


home with Barrie's delight in 
investigating the machina- 
tions of social gatherings, his 
warm character-portrayal and 
gentle satire on the Soots 
temperament while coping 
well with his sentimentality 
and easier jokes. Roy Hanlon, 
James McClure and Harry 
Walker poise nicely their por- 
trayal of Maggie's well-mean- 
ing, small-town family, 
thrown all too easily by their 
reverence for the social graces 
of the “educated". 

The said “educated” are 
equally affectionately lam- 
pooned.' - The incorrigible 
Comtesse de la Briere is 
played with gleeful exaggera- 
tion by Una McLean, while . 
the. vacuous Sybil (Lesley 


Around him, however, 
there is much to enjoy. Brid 
Brennan's painfully intense 
Isabelle, Duncan Bell’s spring- 
heeled Young Mortimer, 
Adam Sunderland's raging 
Prince Edward Tom Cairns's 
- design has a vast hemispheri- 
cal pod — twinkling with stars 
.or weeping rain into the 
dungeon at Berkeley Castle — 
suspended over a ton of earth 
in a shallow circular piL What 
with the obligatory standpipe 
and the players' propensity for 
flinging .themselves to the 
ground the laundry bill must 
be staggering. 

Martin Cropper 


Moore) appears as insubstan- 
tial as blancmange alongside 
such practical fare as Maggie 
(played with a crisp intelli- 
gence by Maureen Beattie that 
lends constant ambivalence to 
her admiration of Benny 
Young's humourless John 
Shand). 

If there is a central weakness 
in the production it is that you 
never quite believe in Shand’s 
infatuation or -in his trans- 
’ formation, or know how seri- 
ously they are pitched But the 
message that the best weapons 
in life are a sense of humour 
and a- degree of self-perspec- 
tive has by no means aged in 
the last 80 years. 

Sarah Hemming 


The main thrust of the “early 
music” movement is drifting 
later and later. In David 
Mun row's heyday the nasal 
novelty of medieval sounds 
caught the public's imagina- 
tions Then Harnoncourt and 
others converted us to Bach 
played at a gallop. The current 
.fascination is for original 
•sonorities in. Beethoven and 
his contemporaries. Beyond 
that. welL John; Eliot Gar- 
diner's revelatory purge of 
Pelltos could be emulated on 
dozens of Romantic operas. 

This year's Early Music 
Centre Festival has certainly 
emphasized this trend: im- 
portant Renaissance events 
have been rather over- 
shadowed by the exhilarating 
opportunity to hear orchestral 
Weber on period instruments. 
Judged by that yardstick this 
concluding concert also see- 
med rather tame. The English 
Concert delivered mainstream 
baroque repertoire with cus- 
tomary sophistication, but 
there was little comparable 
sense of discovery here. 

Indeed this festival finale 

Coull Quartet 

Wigmore Hall 

The London premiere of a 
new string quartet by Robert 
Simpson is a major event. It 
may not be billed as such, nor 
sell as such; but Friday night's 
performance of his 1984 Quar- 
tet No 1 1 presented a work of 
characteristic force, tenacity 
and substance, which left one 
longing for an instant replay 
and, at the same time, feeling 
far too exhausted for one. 

Unlike its predecessor, an 
invocation of peace, this quar- 
tet is turbulent truculent and 
disturbing. In an intensive 
half-hour span — each move- 
ment runs into the next — 
there is scarcely a moment's 
rdiefL The passages of lyricism 
and release in between the 
massive, Beethoven ian fcnoi- 
tings of theme and key are 
stark and acerbic: even in the 
last remote Motto adagio 
pianissimo section, the tex- 
tural emaciation shocks and 
disquieiens. 

The use of: the tritone and 
what Simpson calls a “chro- 
matic twist” flavourand unify 
the work from its con- - 
centrated start to fts remote 
finish. By association, these 
are-what manipulate the ear 
•and the emotional responses. 
The contrapuntal severity and 
variety, and the devilish meta- 
morphoses of the Scherzo. 


j CONCERTS 

English Concert/ 
Pinnock 
Elizabeth Hall 


wpuld have been an anti- 
climax were it not for the 
inclusion of Telemann’s Con- 
certo for three oboes and three 
violins and Bach's Suite No 4. 
Telemann, might be an ir- 
redeemable showman, pining 
reed fanfares aniiphonally 
against fiddle flourishes over 
the simplest of hanfionic 
backgrounds. But this music is 
insidiously catchy, and it was 
significant that the perfor- 
mance was less polished than 
what had preceeded it. yet far 
more spirited. Similarly the 
invigorating entry of drums 
and a trio of trumpets in the 
Bach seemed to embolden all 
. the players to make more 
extrovert expressive gestures. 

Elsewhere — in Purcell’s 
incidental music for The Fa- 

turn the mental screw ever 
tighter. 

The Coull Quartet, who 
have a sinewy and pragmatic 
way with classics like the 
Mendelssohn (E flat. Op 12) 
and Schubert (DS04) which 
flanked the new quartet, 
served Simpson particularly 
well. This was an unusually 
stimulating premiere, and the 
work must have all the re- 
peated hearings it needs and 
deserves. 

Hilary Finch 


LPO/Fischer 
Festival Hall 

Most British critics demand lo 
hear Bartok's Bluebeard's Cas- 
tle in its original Hungarian. 
They argue that the rhythms 
of the music come from the 
Hungarian language and do 
not match English in any way. 
Adam Fischer is Hungarian 
himself, but he argues the 
opposiie case. So a translation 
it was. giving this performance 
an unusual flavour. 

In advance, the other major 
attraction had seemed to be 
the appearance of Maria Ew- 
ing as Judith, but she pulled 
out a couple of weeks ago. 
With Elizabeth Connell to 
hand there need have been no 
fears. Connell has the power 
and sure focus in her voice to 
ride Bartok's immense or- 


erie Quccnc and concern 
grass! by Corelli and Handel - 
it was what one could not hear 
that often seemed most 
significant. There was hardly a 
"dynamic bulge” in evidence, 
for instance: that penchant for 
shaping alt baroque phrases 
into heaving sighs now seems 
to be declining. More regret- 
tably. Trevor Pinnock’s own 
harpsichord playing was con- 
fined to curiously low-profile 
chordal work. He barely 
undertook any melodic em- 
bellishments. even at the ca- 
dences joining the Handel 
movements. 

StilL the Faerie Queen e 
movements were stylishly 
contrasied — the slower ones 
being given quite a sensuous 
legato sheen. And in Corelli's 
Op 6 No 1 the concertino 
group (the violinists Simon 
Standage and Micaela Cam- 
ben i: the cellist Jaap ter 
Linden) skipped through the 
semiquaver sequences with a 
clean, light touch. 

Richard Morrison 

chesira: and she is a veteran of 
the ENO production, also in 
English, which has taught her 
how to spit out the words. 

Her petulant cries of "Open. 
Open", when she saw the first 
of Bluebeard's seven doors, 
would be enough to freeze any 
self-respecting husband on the 
spot. Her insistently dramatic ~ 
Judith gave a lot early on and, 7- 
in that, matched Fischer's 
intense, unsettling lead. Zl 

London has been lucky with 
its Hungarian conductors re- ' 
cently. Solti and Dorati have - 
both given memorable perfor- Z 
mances of this opera, a tra- '• 
dition that Fischer docs not -- 
yet fully uphold. He may “ 
equal their ardour and rhyth- -*» 
mic sense, but not their due It 
regard for careful balance and *- 
orchestral control. Even Tom £ 
Fox’s sturdy Bluebeard was j-' 
pushed to keep the sense of the 'c 
text intelligible. The LPO's 
advertisement urged us to -'«• 
“find out the secrets behind 
Bluebeard's doors”. I wonder - 
how many in the audience "Z 
could hear the answer. ■ 

m 

In retrospect the perfor- * 
mance of Haydn's Symphony - 
No 103, in the first half, came TZ 
ouf of the same mould: vig- 
orous and positive intentions. ' t 
but an execution that was too 
untidy to lei them tell. The ZZ 
solo violins slithering and », 
sliding about in the Adagio J 
had been an apt omen. ~ 

Richard Fair man - 



m 

m 

50 

m 

GO 

CCL AIMED PRODUCTION 

Colin Blakely ^ 

Jim Polly V 

Norton Hemingway ^ 

Pippa Nicholas 'Vj 

Guard Selby -iv 

Alan Ayckbourn 

A Chorus ^Di: 

LONDON STANDARD \ 
AWARD k 

LAURENCE®^ & 

\ AWARD ik 

l*S 

[approval 


Mi M 

. : Jlfc , : ;v; ȣ*' '4-' 

v: ! *$'* : ; 

,-av 




-Colin BWWy as Vlfabh director of th« company 

bSbsi— iskscss?-*- 

MMfflble acting." John Connor Gt,Un*t, 

“HILARI0US...A 

MAJOR EVENT” 


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LYRIC THEATRE 


Shaftesbtry Avenue WI. 


"Colin Blakely... 

This is a brilliant and 
joyously energetic 
comic performance by 
one of our greatest 
actors.” 

-- MkhcmICorwneyFmanckd Times 

“A Chorus, of 
Disapproval, which is 
destined to become 
one of the classics of 
modem comedy.- 
A chorus of total 
approval must be 
fnetespoiftse* 

jade Tinker J3oHfr Mai 


a, «***:.: 



Laughter 
all round" 




Transfers from THE NATIONAL THEATRE 



simon’s ^> 5 idgfotcMC 

ALDWYCH THEATRE • LONDON from November 27 










THE TIMES MONDAY OCTOBER 27 19*0 

SPECTRUM 


Fighting off a killer called Slim 

Africa, the cradle of 
civilization, may 
also be the birthplace 

rtf Q rlicaora +l-k r>+ 




AFRICA’S 
NEW AGONY 


Africa, the cradle of 
civilization, may 
also be the birthplace 
of a disease that 
could destroy it. 

Aids has laid claim 
to tens of thousands 
of African men, 
women and children 
and milli ons more 



are in danger. Thomson Prentice, in a three 
part series, reports from central Africa on 
a desperate struggle against the new plague 
Part 1: A continent under siege 


The patients are gently lifted down 
from the back of open trucks that 
have brought them miles along 
dusty, pot-holed roads. Other 
people come, propped up by 
relatives, in battered taxis. Some, 
who have longer to live, manage to 
walk. 

They are young men and 
women suddenly made old. Some 
are babies who will never reach 
childhood. They arrive ai the 
crumbling steps of the Prince 
Louis Rwagasore clinic, a hospital 
named after an assassinated for- 
mer ruler, to be taken along 
shadowy, humid corridors of flak- 
ing green. 

Haggard mothers with sickly 
children clinging to their backs 
pass silent, brooding hours wait- 
ing for medical attention. But 
when their tum comes, there is 
little the doctors and nurses can 
give any of them but kindness. 

The doctors at the clinic in 
Bujumbura, capital of the central 
African state of Burundi, call the 
disease by its French acronym, 
Sida. The emaciated sufferers 
refer it as "Slim", a reference to its 
wasting effect. The rest of the 
world knows it as Aids. 

A catastrophic epidemic of Aids 
,is sweeping across Africa, scarring 
•the face of the continent and 
‘killing thousands of men, women 
and children. The horrific picture, 
‘only now beginning to emerge, 
■offers harsh truths and inescap- 
able lessons for the rest of the 
world. 

The disease has already infected 
several millions of Africans from 
the Atlantic coast to the Indian 
Ocean, posing colossal public 
health problems to more than 20 
countries. Within the next few 
years, hundreds of thousands are 
doomed to die and the inevitable 
spread of the epidemic out of 
Africa will add to the fast- 
increasing worldwide toll. 

The latest calculations show 
that Aids has struck in 69 coun- 
tries around the globe. All the 
cases in the United States and 
Europe — about 25,000 — amount 
to less than half the estimated total 
in Africa. The numbers are ex- 
pected to at least double every 
year unless radical prevention and 
control projects can be success- 
fully introduced. The true shape of 


the calamity will not be visible for 
several more years, because of the 
prolonged incubation period — 
three, five or more years — of the 
infection. 

For every person who shows 
clinical symptoms, up to 100 
others may be infected, according 
to .American scientists. Vast 
populations of Africa thus face a 
human disaster that may soon 
overshadow the recent tragedies of 
famine and drought which have 
taken their own huge tolls and 
have only just been controlled, at 
enormous cost, through emer- 
gency international efforts. 

Researchers are now calling for 
a similar response to combat the 
Aids epidemic. But whereas the 
starving can be fed, their lives 
saved through drugs and expert 
treatment. Aids offers no such 
hope as yeL 

In the United States, where 
possibly 1.5 million people are 
believed to be carrying the virus, 

23,000 cases have been diagnosed. 
By the end of 1986 about 18,000 
will have died. In five years, 
experts predict there will be 
upwards of 150,000 deaths from 
some 270,000 cases. 

In Britain, where specialists 
calculate there are about 30,000 


The problem cannot 
be monitored, let 
alone tackled 


carriers of the virus, the figures 
seem comparatively puny. By last 
month there were just 5 1 2 victims, 
of whom 250 had died. But 
American and British evidence 
shows that the figures are likely to 
double every 10 months. By the 
end of the decade. Britain will see 
about 450 deaths a month. 

The scale of the African crisis, 
however, stuns the imagination. 
With no effective treatment avail- 
able anywhere in the world, and 
no prospect of a vaccine for many 
years, most of the continent's 
poorest nations, such as Zaire, 
Rwanda and Burundi, are virtu- 
ally powerless to stop the spread of 
the disease. For the foreseeable 





• 


' 'r-' 


* ■*>., . . „» 







Too yonng to know, too sick to move: Ugandan children, stricken with Aids, await their end inside a mod hot, far from doctors who could not hdp them much anyway 


future, they will be confronted by 
a hideous, unmanageable disaster. 

In Kinshasa, capital of Zaire 
and with a population of more 
than three million, as many as 

50.000 people are believed to be 
carrying the Aids virus. The 
authorities are extremely reluctant 
to publish figures. They have 
acknowleged 1 ,000 cases of Aids 
in Kinshasa, but many thousands 
more are believed to be dying 
from the disease. 

In Uganda, one estimate puts 
the number of people at risk at 
four million. At least 500 are 
known to have died in the Rakai 
area, west of Lake Victoria. Hun- 
dreds more have perished in 
neighbouring Tanzania and there 
are similar tolls in Zambia and 
Kenya. 

Individual governments are 
reluctant to acknowledge the real 
scale of their Aids epidemics. In 
some countries, the authorities 
simply do not have the resources 
or expertise to make accurate 
assessmenis.Most Central African 
states have fragile economies that 
cannot sustain adequate public 
health facilities, far less devote 
more money and manpower to a 
disease for which there is no 
known cure. 

“If you had the choice of 
immunizing your country’s chil- 
dren against measles, which kills 
hundreds of thousands of kids a 


year, or spending the money on 
Aids with no visible benefit, which 
investment would you make?” 
one American doctor working on a 
vaccination programme asked. 

Hospitals are unable to cope 
with the flood of patients demand- 
ing attention for malaria, cholera, 
tuberculosis, polio and other seri- 
ous conditions, far less the new, 

Catherine Bond 



** * ******-. 5 5 J 


Victim: Charles Ka-ynli, among 
the 4 million Ugandans at risk 


untrea table menace of Aids. Mea- 
gre health resources and chronic 
shortage of medical and scientific 
staff and equipment mean that the 
size of the problem cannot be 
monitored, let alone effectively 
tackled. The typical African Aids 
patient, if he or she ever gets as far 
as a hospital is likely to be simply 
sent home to die. 

The problem is made worse by 
the indiscriminate use of un- 
sterilized equipment, the lack of 
screening of blood donations and, 
most of all, by ineffective or non- 
existent health education aimed at 
reducing sexual promiscuity. In 
Africa, Aids is essentially a hetero- 
sexually transmitted disease, as 
common among women as men. 
Homosexuality is rare, and dis- 
missed as a significant contribu- 
tory factor. The African evidence 
that the Human Immuno- 
deficiency Virus (HIV) can be 
passed to women in semen, and to 
men from vaginal secretions, is 
now accepted without question by 
most researchers. 

Whether or not the disease 
originated in central Africa — as 
many researchers suspect — or was 
imported from the US and Europe 
■— as Africans prefer to believe — 
international air travel means that 
Aids is being exported virtually 
every day to the capital dries of 
the worki 

The World Health Organization 


conservatively estimates that 

50,000 Africans are now suffering 
from Aids, but leading specialists 
believe that the real-figure is many 
rimes bigher.“Aids has become a 
major health threat to all Africans 
and prevention and control of 
infection . . . must become an im- 
mediate public health priority for 
all African countries,” the latest 


la Africa, Aids is a 
heterosexually 
transmitted disease 


report, soon to.be published in a 
leading American scientific jour- 
nal, says. The report warns that 
Africa’s own resources are inad- 
equate to deal with the epidemic. 
“Consequently, an international 
concerted effort will be necessary 
to prevent further dissemination 
of HIV infection. - 
“Unless the financial resources 
to support national Aids control 
programmes is made available, 
and unless . information about. 
Aids research — inducting vaedne 
development, anti-viral treatment 
and prevention programmes— are 
shared among scientists.and pub- 
lic health officials of all countries. 
Aids will conrinue: to spread 


throughout the world, exacting its 
toll bn the health of mankind.” •’ 

Dr Tony Pinching, a leading 
British .• Aids - specialist, ~ said: 
“Many observers are unwilling to 
accept the obvious, if unpleasant 
conclusion, that Aids - or rather 
HIV — is heterosexually 
transmitted. ' 

“If - African countries had the 
resources available in die USA 
during the mid-1970s, we would 
have seen Aid? emerging as a 
sexually transmitted disease, not 
dissimilar to’ syphilis. The rate of 
rise of the African epidemic 
timorig heterosexuals has been as 
rapid as that among North Ameri- 
can and European homosexuals.” 

Writing in last month'? Journal 
of the Royal Society of Medicine. 
Dr Pinching added: “Although the 
infection rate among ' hetero- 
sexuals is still very low in the US 
and Europe, current evidence, 
especially that from Africa, is 
sufficiently strong to justify taking 
preventive action, mainly by 
educating sexually active hetero- 
sexuals about the risk of Aids.” - 

( TOMORROW ) 

Burundi: the 
fight against 
promiscuity 


Imagine being able to 
get cash from a Midland 
AutoBankJust^^ei 
when and \ 

where you 
need it Like 

a supermarket 5j]3§||I 

On motorway ^ , j j 

Cook branche^ ^^^jy 
yvt airports. 

Well, -THEiSXcE. 

that's exactly what we're 
working on. Just to make 
life easier for you. 


Who says jumping is for joy? 


^Sou^oa20Qfty wdaendeta^ 


WHEN YOU NEED US WE'LL BE LISTENING 


Forget the television image of 
the smiling jockey astride his 
triumphant mount acknow- 
ledging the cheers of the 
crowd: forget the annual orgy 
of Grand National excitement 
and the elegance of Chelten- 
ham Gold Cup day. the colour 
of jockeys' silks and ladies' 
fashions blending with a crisp 
| blue sky and the rolling green 
! turf of the English 
countryside. 

This sanitized, glamourized 
version of steeplechase racing 
has little to do with day to day 
reality. The life of a National 
Hunt jockey is a 10-month- 
long nightmare of danger, wet 
and cold, interrupted only 
occasionally by the kind of 
victory that makes it all 
worthwhile. 

Steve Smith Eccles has had 
more than his share of the 
winning and the glamour. But 
even his life, at the successful 
end of the racing spectrum, 
appears from his diary to be a 
constant grind of pain, effort, 
disappointment and long, long 
hours on the road. 

“1 cover something like 
50.000 miles a year. Most of 
the driving is done by night, 
because it's usually dark after 
the last race, and much of it is 
in winter, in the worst 
weather. It can be a real drag." 
he admits. 

His diary of the 1985-86 
racing season Turf Account. 
published this week (Mac- 
donald. £9.951. makes fas- 
cinating. exuberant and 
sometimes grim reading. He 
drives for hours to some 
distant race track, only to be 
dumped by his horse at the 
first fence: he drives back, 
bruised, sore and depressed, 
knowing ihai rhe following 
morning he will have to rise 
early to goad his protesting 
body to some other far-off 
course for a possible repeat 
failure. 

He has broken his neck, 
cracked his collar-bone six 


The life of a jockey 
sounds exciting. 
But in his new book. 
National Hunt rider 
Steve Smith Eccles 
(right) goes to great 
lengths to debunk 
the glamour of the 
steeplechasing world, 
telling of sheer hard 
work behind the 
danger and daring 

times, broken several verte- 
brae in his back, and suffered 
countless lesser breaks, 
sprains, concussions and 
bruises. 

"They’re part and parcel of 
the job. and if you don't accept 
them, you shouldn't be a jump 
jockey. I know that I can be 
badly injured today, tomor- 
row. anytime, but you never 
think it's going to happen to 
you. If you siart thinking 
about it too much, you 
wouldn't be able to do the 
job." he says. 

That philosophy is 
accom panied by a “work hard, 
play hard" attitude to life 
which has given him the 
reputation of a hard-drinking, 
late night-carousing lothario; 
The womanizing has been 
replaced by a live-in relation- 
ship. but the other elements of 
his hectic socializing continue. 
The diary is peppered with 
warm references to hosieries 
along the various routes to his 
home near NewmarkeL 
"I regard that as part of the 
job too. It may sound dra- 
matic. but every n me I go out 
on a race course. I lay my neck 
on the line. That gives me the 
feeling that I want to enjoy 






myself, because tomorrow, 
who knows?" 

In April, he overdid . the 
drowning of bis sorrows; he 
rode a loser, quarrelled with 
his girlfriend and was told to 
sleep elsewhere — in the event, 
the back of his car. When he 
awoke and popped his head 
above the seat, he found he 
was in the hands of a joyrider. 
But the next day. in the topsy- 
turvy tradition • of 
steeplcchasing. he was back in 
the saddle winning on Kathies 
Lad at Aintree. 

Smith Eccles (his name is 
neither hyphenated nor upper 
class — his father was a miner, 
his grandfather an Eccles who 
adopted Smith to honour his 
foster parents) is no longer as 
ambitious as he once was. 
When John Francome retired 
last year. Smith Eccles was 
considered his possible 
successor as champion jockey. 
He came only third fast sea- 
son. and no longer believes be 
will ever win the title. . 

“Once upon a time I used to 
ride anything, anywhere. Now- 
I'm retained by the champion 
trainer Nicky Henderson, and 
I don’t want to. go chasing 
round ibe country riding. 


horses for the sake of it And 
Tm not prepared to spend 
hours on the telephone to 
trainers trying to get spare 
rides.. A few years ago I 
thought , being champion 
jockey was the. be all and end - 
all of everything. Now, I just 
want to make a decent living, 
stay in one piece and enjoy 
myself” ’ '••■■' 

After 16 years in the saddle, 
hundreds if not thousands of 
falls, and Haifa million mfles 
behind the wheel Smith Eo- 
des still beams with enthu- 
siasm for the sporL 

“1 still Jove what I do. I 
thrive on it. I like being 
famous and being on tele- 
vision and being successful 
'It's compensation for all the 
awful wet Mondays on nb- 
hopers at Leicester or 
Wolverhampton." 

He is 31 now,- “I consider 
I've got four, maybe five more 
seasons at the top. If T was to 
slip down- the rungs of the 
ladder before then. I’d hang up 
my boots.” 

And do what? Smith Eccles 


faces the dilemma of every 
jockey; near the end of his 
career. “I'll consider training, 
but othemise there's not 
much available for a-j jockey 
who wants to stay in racing, 
ft's a pity there aren't more 
official jobs like starter? or 
stipendiary stewards. J. think 
jockeys would make good 
ones. They know an awful lot 
more than some of the people 
doing the job now.” 

Smith Eccles recorded, hfe 
daily thoughts on tape, often 
while driving, and gave them 
to journalist Alan Lee ; for 
editing. What he has left out 
was dearly racier than what 
has appeared. “There was aJot 
that just couldn-’t be used.” he 
says with a slight leer. “The 
original tapes would be worth 
a fortune. And • if they were 
ever released. I don’t think my 
life would-be worth mucin.” . 

Marcel Berlins 

©Ttat* NMfjpoparm Ltt J9SS 

Turf Account, by. Sieve Smith 
creftw. a published bv Mac- 
donald at £9.95 . • • 


CONCISE CROSSWORD NO 1090 






ACROSS 
1 Meat jelly (5) 

4 Splay support O) 

8 Wash through (5) 

9 Smallest (7) 

10 Sheltered (8) 

11 Tam-tam (41 
13 Patriotism (4.7) 

17 Hostels (4)'-.' 

18 Possible (8) ' 

21 Jewish homeland 
supporter (7) 

22 FoiCofS) - ■' •* 

23 WcH*hrcd(7) 

24 Scoundrel (5) 


13 Draughts (8) 7 Htghpfffi* (ft) ; V 75 Sbatj, lumstA) 

4, Volatile (13) . . -i *2 Holy warrior (81 - - 16 Worship ft) 

5 SierimA vbkan*i 4) . M AsuurnKnj aison -iS ftich (5) 1 ' 

6 Ffclc lottery - « 20 Bcnt^verdiV( 4 j 


■ . I 










THE TIMES MONDAY OCTOBER 27 1986 


15 


MONDAYPAGE 


As seen over the digestives 

MArirt U7- j 1 .. ' ' TjfcnBfahop 


Victori a Wood has 
tried normal life. She 


hated it Now she Is 


back to being 


extraordinary. She 
loves it. She brewed, 
mused and amused 


in the company of 

r Bryan Appleyard 



couple of years ago 
Victoria Wood decided 
she would be just like all 
her neighbours in Lan- 
cashire. She would 
abandon the role or 
lonely writerand media type and live 
as thpy lived. 

“I had two friends who wouldn't 
really acknowledge I was in show 
business at all." she recalls, “so 1 
decided 1 would try- to do really 
ordinary things. 1 used to visit their 
childrcn at their playschool, help 
them with their crayons, work at the 
jumble sales ... 

“I hated it. I hated sitting in 
somebody cIsc's house getting mar- 
malade on my bottom. I suppose 1 
had felt guilty because i had more 
money than they did. Then 1 just 
decided it was stupid — you can only 
do what you do. But 1 still do my best 
to be ordinary ..." 

It is a serious problem. Her jokes, 
her plays, even her -expressions all 
work because of the precision with 
which she captures “ordinary" life 
and everyday speech and then 
refines and distorts it. She is con- 
stantly being asked bow she does her 
research — perhaps she travels on 
buses to capture snatches of 
Pintcrcsque dialogue? 

“I love driving too much to do 
that. The only lime 1 travel on a bus 
is if the car's being serviced — and 
then I'll probably catch a cab." 

The truth is that it seems to come 
naturally and the best thing for her to 
do is maintain her work rate, her 
standards and her calm, systematic 
discipline. Indeed, she seems appall- 
ingly well organized. For this inter- 
view she had put on her best black 
patent shoes. She had cleaned the 
borrowed flat and bought a packet of 
digestives to go with the Ty-phoo. 
We sat at the pine kitchen table with 
our big red mugs. Outside the sky 
was darkening over Highgatq Woods 
— “It's nice here."* she mused. “I can 
go out and get flashed at any time I 
like." - ' 

She was in the last week of 
recording her new tdevison series 
and her book of scripts. Up To You. 
Porky, was about to. come- out in 
paperback. By the weekend she 
would be back home somewhere 
between Morecambe and Lancaster. 
She will not say exactly where 
because people tend to come knock- 
ing at the door. 

Over the summer she was tied to 
London by the series. The flat 
belongs to the writer David Leland 
who. eight years ago, first en- 
couraged her to write a play. 
Meanwhile her husband. Geoff Dur- 
ham — aka The Great Soprendo - 
has been elsewhere with his work, 
which consists of impersonating a 
hysterical Spanish conjurer. And for 
most of the first half of the year she 
was alone again, at home working. 



Victoria out of the wood: transformed from a ‘completely clueless’ individual to a seif-disciptined humourist 


First it. was a play, which she 
subsequently rejected as being too 
heavily under the influence of Alan 
Ayckbourn, then it was the series. 

Her writing day -lasts from- about 
9.30am until about 430pm. She 
aims to finish 18 minutes 1 worth of 
script a week with Fridays left over 
for rewriting. If she has one bad day 
she has to rewrite on Saturdays. Hie 
routine, the discipline is everything. 

"It's the only way I can get 
through- I'm insecure enough to 
wake up every morning convinced 
I'll never work again. But I'm cocky 
enough to know I will always think 
that but I will always manage it.” 

Until the age of 25. she was neither 
disciplined, tidy nor hardworking. 
She thinks much of her effort now is 


‘It’s nice here, 
I can go out and 
get flashed at 
anytime! like’ 


a way of assuaging her guilt at how 
liule she did In the. years after 
university. She was born in Presi- 
wich. north of . Manchester, and 
brought up in Bury. The daughter of 
an insurance underwriter, she was 
“dever in the infants" but then 
coasted lazily at grammar school 
before scraping into Birmingham 
University to read drama. 

■She had already veered towards 
comedy and had developed a vague 
notion of doing something like Joyce 
GrenfelL In the event it was her 
singing which won a New Faces 
television talent contest. She sat back 
and waited for the work to roll in. It 
didn't partly because it seldom does 
and partly because of her odd 


derision to appoint a retired band- 
leader from Hove as her manager. 
“He kept saying ‘My girl doesn't do 
anything like that . . so all I ever 
did was the occasional song on 
television." 

For years she did virtually nothing 
but compose the odd funny song on 
topical subjects like Denis Healey's 
eyebrows. Finally she ended up at 
London's Bush Theatre where she 
moved into sketch writing and, at 
LelaiuTs instigation, her first play. 
The rest is an eight-year history 
which produced plays,' live shows 
and television series - the last won 
two Bafta awards — and turned her 
from a “completely clueless" in- 
dividual into a self-made producer of 
some of the funniest lines around. 

in feet. considered simply as a joke 
factory, she is the Nissan of show 
business. On television the density 
of the gags seems impressive enough: 
on the printed page it becomes clear 
that each line is so honed that in 
effect every one is a joke. And they . 
may' seem like one-liners but in 
reality, they cannot be easily; de- 
tached from the sketches- At her best 
she sounds like Joe Orton, the one 
playwright she remembers reading at 
university, with the same cast of 
confined characters speaking of their 
little miseries with grotesque lit- 
eracy. Like Orton she is obsessed, 
with light almost horrific little lives. 

“Well " she says “there’s no such 
thing as a comedy pf approval where 
you write about things that strike 
you as right You have got to see 
something wrong." 

But she never lampoons individ- 
uals. She may laugh, for example, at 
the foibles of television newsreaders 
in general, but alone they are not ftur 
targets: "They're all right they're 
just doing their best" And the 
terrifying shop assistants, moronic 
schoolgirls and "dim but beaming 
typists" who people her sketches are 


representatives .of the straitened 
lives of millions. 

“One thing I do take seriously is 
miserable people. I see it happening. 
Very, few people are living a rich life. 
People seem to live on a very shallow 
level, not because they want to. 1 feel 
lucky. I go to work. I have a lot of fun 
with people 1 like. Lots of different 
things happen and then I come home 
and weed the garden. I can do a 
million different things in the course 
of a day and they will all be good 
And then I think, well, suppose I was 
in a house I didn't like with noise 
coming through the walls or I had a 
job where I couldn't talk to people 
and nothing happened There would 
be all these strands missing out of the 
day." 

It might be seen as a specifically 


‘One thing I do 
take seriously 
-,-ispeoplewho 
. are miserable’ 


feminine vision with its -horror of 
banality and drudgery. But she is 
anxious to avoid any such easy 
conclusions. ' 

“if you’re a man writing, your 
better characters tend to be men and 
it’s the same for me. I can't, foi- 
exam pie. just -write as a man would 
that a secretary came into the room, 
fd notice her. But it's just a different 
viewpoint, it doesn't mean you're a. 
different kind of writer. I mean I 
know I can attack things men can't 
attack. But it's just the same as 
making jokes about fat people 
because you're fat; I couldn’t do it if I 
was thin — I think I would feel very 
sorry for fat people and never 
mention it at all." 


PLAY ON WORDS 


From “Cleaning?., a sketch in Up 
To You. Porky 

A large messy, stripped-pine 
kitchen. Ursula, a large. messy lady 
novelist in a smock sits drinking 
tea with Kent, a disdainful Northern 
man. 

Ursula: You know, it’s amazing: 
you 're ihe only person who 's an- 
swered the advert, f Just cannot 
get a cleaner, : I'm afraid it's all 
rather neglected in here. 

Kent Well. yes. / was just admir- 
ing that blue mink. hat. bull see now 
its a mouldy pizza. ' 

Ursula: I'm a novelist, and it's so 
hard to do everything. Is the tea all 
right ? ‘ 

Kent Not ready. 

Ursula: Oh sorry . is it too strong? 
Kent I’m just a bit perturbed by 
the way it 's taken the tarnish off this 
teaspoon. 

UrsBfau Biscuit? 

Kent Have they got chemicals in? 
Ursula: Preservatives? 

Kent 7 was hoping for 
disinfectant. 

Urania: No. / baked them myself. 
Kent I bet Mr Kipling’s worried. 
Ursula: Aren t you going to finish 
it? 

Kent I’ll keep it by me— you 
never know, / may need to force a 
lock. 


The brevity of the sketches, of 
course, means that this can only be 
demonstrated briefly and savagely. 
In her plays the jokes were allowed to 
develop a more poignant quality, 
like the fat. plain girl with the sticker 
on her car windscreen which said 
“Maureen" on her side and nothing 
on the other. But she now knows the 
plays suffered from her own fluency 
in writing jokes — she would stick 
them in even when they interrupted 
the flow. She is now * confident 
enough about her gag-writing ability 
to feel she can allow aplay to 
develop its own rhythm. The sub- 
Ayckbourn number has been con- 
signed to a drawer and in January 
she will start writing a full-length 
play again. She has the idea and she 
is convinced that it is solid Wood 
this time. Meanwhile she will not 
read reviews of the book or the series 
and she will certainly not read this 
interview. 

“I don’t want to know how people 
perceive me. Whatever they say will 
not coincide with what 1 have in my 
head. I don't like to think about the 
effect I'm having on people. 

“It even knocked me off course 
when I won those two Baftas — 1 had 
to put mine away, it was so 
upsetting. I hadn't been very pleased 
with what I had written and to get a 
prize for it made me think it was 
gopd after all and that what I was 
writing now wasn't as good. And 
that’s nonsense because it is." 

Up To You, Porky: Victoria Wood 
Sketchbook is published by Methuen 
in paperback at £2.95 and hardback 
at £4.95. 

Lucky Bag: The Victoria Wood 
Songbook is being reissued bv Me- 
thuen at £4.95 paperback and £9.95 
hardback. 

Victoria Wood - As Seen On TV 
begins on November 10 (BBC2). 

(puma NmnpapMlLM 1888 


Getting a fix on 
‘man junkies’ 


Gloria Stcincm. the woman 
who pul ihc blonde streaks 
and tight blue jeans into the 
feminist movement, has 
dearly forgotten what it was 
like to be young. This is what 
she told the National Associ- 
ation for Female Executives in 
America: "Today's woman is 
much less likely to be a ‘man 
junkie' - that is. to feel 
addicted to a man. to feel that 
she has no identity without a 
man. If men had ever realized 
how little it mattered which 
man. they would realize that 
this change is 10 ihcir advan- 
tage too. I'm sure they want to 
be loved for themselves and 
not for their professional 
prospects." , . .. 

Man junkies? I can t believe 
it. M> generation, which is but 
a few years behind Gloria s. 
absolute!' hated men. At least, 
an\ man we were likely to 
meet. We loved Mick Jaggcr- 
David Ba'ley and the rapidly 
disintegrating EIms. bul any 
bloke likely to nng our 
doorbell on a Saturday night 
with a bunch of gladioli and a 


box of Quality Street got short 
shrift. 

Wc would stomp home 
alone from a party, well before 
the chimes of midnight be- 
cause the man who had taken 
us professed a liking for the 
Modem Jazz Quartet or train- 
spoiling. As for loving a man 
on account of his professional 
prospects. Ms Sleinem must 
be joking. Anyone studying 
chartered accountancy or es- 
tate management must have, 
lived like a Franciscan monk 
in those days as the nation's 
voung womanhood poured 
worn on serious career 
intentions. 

In an era of . full employ- 
ment no cachet was attached 
to having a good steady job 
with opportunity for promo- 
tion. The sort of men we liked 
were transient boutique man- 
agers or painters of acrylic 
murals. In that age of inno- 
cence. wc were quite a bit 
older before we realized why 
they didn't show much of an 
interest in us. 

Not that it mattered. We 



PENNY 

PERRICK 


were so busy turning ourselves 
into a mixture of Jean 
Shrimpton and Edna O'Brien 
that we didn't have time to be 
obsessed with men. Not only 
our mini-skirts but also our 
hair had to be ironed. False 
eyelashes had to be glued on. 
lash by individual lash. By the 
time we were ready to go out 
for the evening it was prac- 
tically bedtime. We were so 
pleased with ourselves that 
not for one minute did - we 
doubt that one day our prince 
would come. 

It is today's woman who is 
far more likely to be a man 


junkie since everyone . is 
frightening the living daylights 
out of herabout what might be 
in store if she doesn't get her 
man before she gels to 30. She 
is told that her chances of ever 
marrying will lessen dras- 
tically: that she will become 
unhealthily hooked on her 
career, her cat. the gin bottle. 
At the same time, she is told 
that she must devote the years 
from 20 to 30 to getting a good 
job because if she doesn't, she 
will be in a sorry position 
when, inevitably, her husband 
leaves her and falls behind 
with the alimony payments. 

No wonder that today's 
woman is a bit confused. I 
have heard reports that when 
she gets her man. however 
unsuitable or lemporaiy the 
arrangement might be. her 
female friends see neither hide 
nor hair of her until the affair 
is over, so anxious is she that 
he might stray. How different 
from my own day. when 
women would gel together to 
giggle hysterically over the 
shortcomings of the latest 
bo> friend. Nobody ever lec- 
tured us about the ticking 
away of the biological clock or 
the Great Man Shortage. If 
they had. I think our 
diamante-studded lashes 
would have dropped off in 
surprise. 


<ST. JOSEPH’S 
HOSPICE 

MAREST.UWDONE84SA. 
(QurityRd. No. 231322) 

“Her fed days with you -woe 

among the haw** dbux^k- 
far guide w"* 1 

ibmil Vwfarw (rf dyiflS ^ 

wvfcra." 

• Then worts -n® 
h ew e d husband are echoed *8”° 



Facing the facts about a baby’s life 


From Sally and Nigel 
Tipple. 35 Fnern Road . 
London , 

As parents who have faced the 
agonizing decision of whether 
a baby's life should be pro- 
longed, may we comment on 
•When to save a baby's lifer 
(Wednesday October 

15). . - 

Dr Nicholases is qtnte right 
to pursue a policy of complete 
frankness with parents. Any, 
derision will ultimately be that 
the parents and the decision 
can only be tirade rationally 
with a full understanding of 
the medical facts. 

The only problem is that 
Barents conld easily misinter- 
pret what can be highly com- 


TALKBACK 


plex medical detail and end up 
clutching at straws. Having 
said that, it is vitally im- 
portant that matters are ex- 
plained, particularly if you are 
confronted with a case that 
frills into the “grey zone" 
defined by Dr Nicolaides. 

The philosophical and 
moral arguments iff whether a 
baby's life should be pro- 
longed will never be resolved 
because most individuals have 
deeply divergent convictions. 

We can only draw from our 
own experience this year. Be- 
fore the birth of our chad we 
probably would have befieved 


m not trying to prolong life in a 
case on the edge of medical 
possibilities. 

Although three months later 
events turned out tragically, 
we as parents benefited enor- 
mously from attempts to save 
our baby's life and we were at 
least allowed a brief time with 
our daughter. Medically the 
team at Kings College Hos- 
pital wore working on the 
frontiers of their science and 
only by gaining experience can 
the frontiers be rolled back. 

Having seen the joy of those 
parents whose children have 
survived, there can be no doubt 
that every effort should be 
made to ' capitalize on the 
avaQ4He expertise. 


When easy money 
means hard times 

Instant credit means instant debt and 


many people simply cannot pay up 


AU eyes are focused on the 
City this morning, its Big 
Bang profits and its six-figure 
salaries. But behind the glam- 
our of high finance is a 
dismaying aspect of financial 
deregulation and relaxation 
of credit restrictions — the 
growth of debt 

According to figures col- 
lected by Mrs Ann Andrews, 
a barrister and debt coun- 
sellor at the Money Advice 
Centre in Birmingham, ar- 
rears in every sector of. the 
credit industry are on the rise. 

A survey by the Finance 
Houses Association, the body 
which represents credit com- 
panies, shows that between 
1979 and 1984 accounts in 
arrears grew from 5 to 7 per 
cent, or about 665,000 
accounts. 

The growth in debt is an 
inevitable consequence of the 
recent phenomenal growth in 
unsecured lending in the re- 
tail industry. Many of onr 
high Street shops now offer 
substantial amounts of in- 
stant credit, no questions 
asked. Indeed, you could 
easily pick np f 10,000 worth 
of credit on a Saturday 
afternoon. 

Mrs Andrews points out 
that we now owe £27 billion to 
banks, finance houses and 
other money lenders for onr . 
consumer purchases, and ev- 
ery year we take on another 
£19 billion in consumer 
credit Today, some 70 per- 
cent of our disposable income 
gpes. towards meeting credit 
commitments, almost double 
the amount 10 years ago. 

The transition from a cash 
to a credit society has not 
been accompanied by any 
corresponding growth in the 
social mechanisms needed, to 
help those who fall foul of the 
system, as the two million 


county court actions initiated 
against debtors last year 
demonstrate. 

“There will always be 
casualties in a society where 
credit is freely available," 
says Mrs Andrews, “but 
there are not enough first aid 
stations alone the way, and 
the courts are badly organized 
when attempting to deal with 
the modern problem of con- 
sumer debL" 

Co-author of a book on how 
to cope with credit and deal 
with debt, published today. 


‘Now yon can get 
£10,000 credit in 
an afternoon’ 


Mrs Andrew’s is seeking 
financial support from the 
credit industry' to launch a 
national telephone advisory 
service. Housing DebtUne. 

She says: “We live in a 
society characterized by in- 
efficient, clumsy and often 
harsh procedures for dealing 
with the rising percentage of 
borrowers who default . . . it 
is hypocritical to adopt atti- 
tudes to default rooted in the 
values of an age when borrow- 
ing was a dubious practice." 

Almost all bodies con- 
cerned with debt believe that 
a national -debt counsel li 
service is urgently reqed 
As the debtors themselves 
cannot be expected to fund it 
the onus must toll on the 
credit industry' to help finance 
a safety net for victims of the 
easy money system. 

Michael Dynes 

How to Cope with Credit and 
Deal with Debt by Ann 
Andrews and Peter Houghton, 
published toddy by Unwin 
Paperbacks, price £2.95. 


Homing in on 
our little ways 

We speak the same language, but for some 
Americans Britain is hard to comprehend 


It is Orientation Day at the 
American Church in 
London's Tottenham Court 
Road, an annual get-together 
designed to help people like 
Joann, a glossily made-up 
blonde whose husband works 
for a computer company. 
Transported to Gerrards 
Cross from a Minnesota sub- 
urb. she confesses to spend- 
ing most of the day grocery 
shopping, so bewildering 
does she find it alL 
“I miss the television, too," 
she says. “We have cable 



where I live so you could 
watch news all day long. I 
always felt I was in touch with 
somebody." 

Culture Shock — which was 
“discovered" by an American 
30 years ago — is a growth 
industry. And Barbara Foli- 
ett, a specialist in something 
called Cross-Cultural 
Communications, delicately 
guides her audience of some 
250 women through some of 
the niceties involved. 

“Americans touch a lot. 
The British don't like being 
touched," she warns. “If you 
want to get something out of 
an Englishman, don't ap- 
proach too closely. The 
comfortable distance for 
them to talk to you is at arm's 
length. 

Her talk — introduced by 
the suitably Olde English- 
looking Town Crier in wig 
and frilly shirt — covers 
everything from table-laying 
to what socks the kids should 
wear to avoid being teased by 
the locals. Several women 
take careful notes as they are 
guided to the further wisdom 
of Debrett's Book of Modem 
Etiquette. 

Digesting the morning's 
programme, which has 
Covered everything from 
schools (Know Your Tuck 
Shop) to the less than endear- 
ing British habit of 
gazumping, it is clear that the 
cultural lessons have not 
been lost A warm, naturally 
ebullient lady in bright blue 
glasses timidly asks me how 
soon I think she can ask 
neighbours' children to play. 

“My kids really miss being 
able to go from yard to yard. 
Here you have fences," she 
says. “1 think it would be sad 
for them to be here and only 
know American children. But 
I don't want to be pushy. I 


grew up on the literature of 
the Ugly American, and I 
don't want to be labelled an 
Ugly American. I tend to 
watch myself as I think others 
may be watching me. It's 
made me much less 
spontaneous." 

A recent survey 1 of exec- 
utives from 1 00 of America's 
largest corporations found 
London to be easily the most 
popular business destination, 
with 41 per ceni putting it top 
of their list. Paris, the nearest 
contender, attracted a mere 
12 per cent, with Hawaii (7 
per cent), Tokyo (5 per cent) 
and Brussels (3 per cent) 
trailing behind. But exor- 
bitant rents and natives often 
apparently as hostile as the 
climate can dampen initially 
high expectations. 

“People assume that if you 
speak the same language you 
won't have any problems — 
but that’s just not true," says 
Eve Johnson, an American 
who lived in Tehran before 
settling in London. 

Americans lend to con- 
gregate on the west side of 
London, particularly around 
bus and tube routes to fa- 
voured schools. Geographical 
closeness, combined with 
perhaps a natural clannish- 
ness. often combine to over- 
ride initial good intentions of 
“going native". 

Specialist clubs abound, 
from the 500-member Petro- 
leum Wives Cub — regular 
meetings for bridge, mah- 
jong or bible study — to the 
Daughters of the American 
Revolution. 

Anne Campbell, a stalwart 
of the Northwood American 


£t tt* 

e o 

vlS/nZJ 




Women’s Club, is going back 
to the US in May, after five 
action-packed years. Buying a 
picnic hamper and a set of 
Wedgwood were her twin 
ambitions on coming here 
from a small town in North 
Dakota. She has achieved 
them both (although the 
china isn’t Wedgwood), and 
claims also to nave discov- 
ered the value of the simple 
things in life. 

“I ring my mum and say I 
spent the day walking in the 
woods with the dog and she 
says ‘so whatT . . . But it's 
great, I love it." 

Sally Dugan 

© TimM NwMpapan Ltd IMS 






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THE TIMES 
DIARY 


Blowing up 
trouble 


The Ministry of Defence has just 
completed an investigation into 
how the army destroy^ one of its 
vehides during an operation code- 
named Exercise Medicine Hat in 
the Canadian prairies. A subaltern 
from the Queen’s Own Hussars 
managed to steer his armoured 
personnel carrier into a swamp — 
up to the turret When frantic 
efforts to extricate the vehicle 
failed, the crew evacuated, leaving 
the scene surrounded by warning 
beacons. Night fell and across the 
horizon rumbled a tank, whose 
occupants unhappily mistook the 
blaze of light for a well-delineated 
target Their ensuing blast reduced 
lens of thousands of pounds' 
worth of carrier to twisted metal. 
Remarkably, an army spokesman 
tells me that an inquiry by the 
Special Investigations Branch has 
recommended no disciplinary ac- 
tion. 


Rock scene 


Schoolchildren in Gibraltar are in 
hot water this morning. About 
1,300 of them played truant on 
Friday to watch the filming of a 
Granada TV pop spectacular star- 
ring Bob Geldot Paul Young. 
Cindy Lauper and the Pretenders 
even though their government had 
refiised requests to declare the day 
a holiday. It is unlikely, however, 
that the director of education will 
expel them: the truants amounted 
to about three-quarters of the 
pupils on the Rode. 


Offstage 


Plans to open the new Covent 
Garden premises of the Victoria 
& Albert's theatre museum next 
year with an exhibition about Sir 
John Gielgud have been aban- 
doned by the V&A director. Sir 
Roy Strong. He took the decision 
to postpone the tribute to our 
leading theatrical knight when its 
organizer. Alexander Schouvaloff, 
the theatre museum keeper, suf- 
fered a heart attack a few weeks 
aga Faced with the difficulty of 
picking up Schouvaloffs strings. 
Sir Roy intends to display instead 
a costume collection and* illustra- 
tions from the ballet de coun 
Earlier this year Schouvaloff was 
caught in an acrimonious ex- 
change of memos about display 
policy that culminated in a plea 
for Sir Roy to meet him face to 
face on the museum steps. ** You’ll 
recognize me by the white carna- 
tion l shall be wearing in my 
buttonhole." Schouvaloff wrote. 


Birthday pangs 


I predict some braised feelings 
when it finally gets out who has 
and hasn't been invited to BBC 
TV's 50th-anniversary shindig 
next week. Among 200 figures 
considered to have made a suf- 
ficient contribution to the box to 
be honoured are such shakers and 
movers as Jimmy Saville and 
Mike Yarwood. However, Selina 
Scott, who launched Breakfast TV 
for Auntie, has not been asked, 
even though her co-host, Frank 
Bough, has. “An oversight," says 
organizer Nick Barker tactfully. As 
for David Attenborough, he was 
Surprised to be asked to appear on- 


stage on the night The reason? 
ran 


.The Beeb had forgotten to send 
him a ticket for a seat in the 
audience. 


BARRY FANTONI 



‘The manual's packed with infm 
garages, dealers, high-court 
judges . . . ’ 


Bargain titles 

Viscount Gormanston has hit 


Upon a drastic way to pay the 


school fees: selling five Irish titles 
the Barony of Kells in Co 
Kilkenny and four lordships of the 
manor — at an auction in London 
next month. He says the titles, 
largely acquired through mar- 
riages and conquests in the four- 
teenth and fifteenth centuries, no 
longer , hold any value for him. 
With inquiries streaming in from 
the States, they are expected to 
fetch at least £60,000. It is the first 
time that titles from the Emerald 
lste have gone on sale. Eighty-five 
English titles, including one that 
comes with rights to a church pew, 
also come under the hammer. 


Mistiming 


..The traditional British confusion 
~ over the beginning and ending of 
..summer lime (one viewer this 
'.weekend rang a TV station to ask 
-‘how to programme his video to 
.record the Australian Grand Prix 
-•early yesterday morning) is set to 
continue. With almost half of our 
diaries naming the wrong date for 
• the stan of summer time last 
spring, the Diary Publishers' 
Association tells me they will have 
.it wrong again in 1989. Incredibly, 
the first 1 989 diaries are already in 
production and the Home Office 
is refusing to name the dales. 

. “We’re having to guess." admits 
the spokesman. PHS 


How much will Archer harm his party? 


Jeffrey Archer is the latest victim of the 
fear of all governments that they can be 
damaged by scandal. But the actual 
evidence of that damage is hard to come 
by. 

When John Profumo was forced to 
resign in 1963 as War Secretary after the 
Christine Keeler affair, the Macmillan 
government fell in the polls and the 
Tories lost the subsequent election in 
1964. But it is hard to tell how much that 
was due to the scandal and how much to 
the general impression (which the scandal 
perhaps confirmed) that the government 
was tired and incompetent. 

It is also probably true that the 
government suffered less from the endless 
inventive titillating stories about naked 
dinner parties, the man in the mask and 
frilly apron, and the cavortings of the 
Cliveden Set than from a feeling that 
Macmillan and his advisers had allowed 
themselves to be deceived without doing 
enough to check on their colleague's 
veracity, ft was the OM Boy Net, not net 
stockings, that did for them. 


Robin Oakley, Political Editor, recalls past scandals and 


on uprmptovmrni or education - -has 
been a general feeling that things hid got 
out of roniroL 


considers whether the effect could be different this time 


observe different standards from those 


prevalent today in many circles." He 
t "Profium 


Consider the diary entry made by 


Macmillan on the day of Profumo's 
statement to the Commons. He noted of 
Profumo and bis circle: “Of course all 
these people move in a raffish, theatrical 
bohemian society, where no-one really 
knows anyone and everyone is 'darling'. 
But Profumo does not seem to have 
realized that we have — in public life — to 


recorded: “Profumo has behaved fool- 
ishly and indiscreetly, but not wickedly." 

Lord Denning's inquiry into the 
Profumo affair (as well as the Raddiffe 
tribunal into the affair of the homosexual 
spy. Vassal!) undoubtedly gave an im- 
pression of a government that was losing 
its touch and failing to give a deq u at e 
attention to the nation’s security. 

There is little evidence to suggest that 
the mini-scandals in 1972 and 1973 

affecting Lord Jeflicoe and Lord Lambton 
after their dealings with prostitutes had 
any major effect on their government's 
fortunes. Both told the truth when 
confronted and both departed rapidly. 
Since the subsequent election was con- 
cerned with the major issue of the miners’ 
strike they can hardly be Mamed for 
affecting the fortunes of Edward Heath. 

The question now is what effect Jeffrey 
Archer's embarrassment may have on the 
Thatcher government It is unlikely to be 
a major one. 

Archer’s political role, ft is true, has 
been underestimated. He has been a vital 
channel of communication between his 


party's rank and file and the leadership, 
and be has played a key role in seeding an 
unsteady ship at Conservative Central 
Office with his sheer force of personality. 
However, he came back to political 
prominence as a showbiz celebrity rather 
than someone who had been slogging for 
20 years on the back benches. 


Both Mrs Thatcher and Hct party 
chairman, Norman Tebbit, have mwe a 
series of speeches stressing the need to 
return to earlier moral ™lues and 
emphasizing the role of the family, wnne 
Mr Archer denies absolutely any meeting 
- * ■ -* : — 'ved ir 


That puts him. I suspect, as far as the 
public are concerned, in a rather different 
category from a cabinet minister. He 
belongs to the people who appear in 
entertaining programmes on television, 
not tbe banng political ones. As such he is 
probably regarded as a bit of a card from 
whom a slightly different kind of behav- 
iour is expected and tolerated, whatever 
the importance of his party office._ 


Where the Conservatives may suffer, as 
they (fid over the resignation of Cedi 

Paritinson after he admitted an affoir with 

his former secretary Sara Keays. who later 
bore their child, is in their attempt to 
prerent themselves as the party of the 
family, in contrast to a Labour .Party 
seemingly obsessed at least at local 
government level with the rights of 
lesbians and homosexuals. 


with the prostitute involved in foe 
entrapment which precipitated Jus 
resignation, the whole affair sits uneasily 
with a Tory leadership which has been 
making such an appeaL 

Newspapers that have written editori- 
als supporting Tebbu’s calls for a 
strengthened morality have received 
letters citing Parkinson’shistory, many or 
them also condemning the Tory 
government's support for wider Sunday 
shopping. So the moral vote is certainly 
not in the Tory pocket. Not white that 
nice wholesome Neil Kinnock. with those 
nice normal children and that pretty wife, 
is leading the Labour Party. 

There is one other, perhaps more 
f ra rial, way in which Archer's sad 
departure may hit the Tories. As anyone 
who has tramped by-election doorsteps in 
the past year will know, what has hit the 
Conservative government as much a s any 
specific policy defect — such as the record 


iv 

First with Westland, then with the vow 
over land Rover and t he form* of 
Ao*iin>Rovcr, the government had begun 
to look acndenl-pronc. To lose a couple 
of cabinet rmnium over such a margmti 
issue was carelessness in the extreme. 
People look to Conbscrvativc govern* 
ments for stahdily and good order. 
Instead the government had begun m 
look like just any other administration, 
being pushed around by events and 
scrabbling for a foothold. 

That was the mood which had been 
cured by this year’s round of party 
conference*- The Tories had got their *« 
back together. They looked calm and m 
control. Now suddenly with a threatened 
revolt on the Tory backbenches over the 
rate support grant and Archer's un- 
expected departure they are starting » 
look accident-prone again. Ail that hud 
work edging back to share the opinion 
poll leadership with labour could sun a 
emne unstuck. 

Will the Archer affair prove a tong-term 
Mobility? Comforting words came vb. 

A rv : J « IM 


Mobility? Comforting words came yes- 
terctay from David Butler, a lea ding 
analyst: "It is certainly my impression 


anai>si. »» h y — r - ." 1 

that when it comes to scandals mvoNiDg 
politicians, the public is generally preuy 

: a iH virat on lha 


good at separating its view* on the 
mdivkfual and on the panv at 


; large.** 


Thirty years 


Eden at Suez: the 


diplomat who went 
uncertainly to war 


Few men have readied 10 
Downing Street with higher 
expectations or with greater ap- 
plause than Anthony Eden did in 
April I9S5. For those with vivid 
memories of the terrible 1930s be 
remained, in Churchill's memo- 
rable words, “the one strong 
young figure standing up against 
long, dismal, drawling tides of 
drift and surrender, of wrong 
measurements and feeble im- 
pulses". 

To others he was also the brave 
soldier of the First World War and 
Churchill’s courageous War Sec- 
retary in the desperate days in 
1940. All involved in inter- 
national diplomacy admired and 
respected him. and his record at 
every level in the Foreign Office, 
from parliamentary private sec- 
retary to secretary of state, spoke 
for itself. He was recognized in the 
House of Commons as the best 
parliamentarian of his time, de- 
scribed by Harold Macmillan— no 
particular friend — as the most 
brilliant speaker at the wind-up of 
a debate in his experience. 

Never a confrontation poli- 
tician, he had admirers and 
friends in all parlies; and his 
triumphal pr ogres s ion round the 
country in the general election he 
called immediately on becoming 
prime minister demonstrated that 
his huge popularity went far 
beyond the Conservative Party. 


reputation, few were surprised at 
this. But the international sky, so 
remarkably dear after the death of 
Stalin in 1953. was now filled with 
menacing clouds. and especially in 
the Middle East 
Eden attempted to improve 
British standing in the area, and 
particularly to improve relations 
with Egypt When King Farouk 
had been deposed. Eden had gone 
out of his way to work with the 
new leader. General Neguib. over 
the vexed issues of Sudanese 
independence and the running 
sore of the massive British mili- 
tary presence on the CanaL He had 
been successful but now Neguib 
himself had been deposed, and 
replaced by Game! Abdel Nasser. 


Given his deep, but publidy well- 
for muc 


concealed, distaste for much of 
that party and its members, this 
was not perhaps surprising. 

He had been happiest in the 
wartime coalition and with sol- 
diers. and his second wife once 
recorded in her diary: 

“I’m not really a Con- 
servaiiver A says. “I have 
more sympathy with Che 
opposition. I am an old-fash- 
ioned Liberal" 

In the Churchill coalition he 
had been the padfier. as he was in 
opposition in 1945-51 when be 
firmly maintained the principle of 
the continuity of foreign policy 
and gave Bevin strong public and 
private support. His Conser- 
vatism was emphatically of the 
One Nation variety, and his 
appeal to youth and to women was 
remarkable, and genuine. 

Thus the meteoric rising star of 
the 1930s who had courageously 
resigned as the youngest Foreign 
Secretary since 1791 over Neville 
Chamberlain’s craven and fetal 
attitudes towards the German and 
Italian dictators. Churchill's right- 
hand man and designated heir in 
the war. and the architect of an 
almost unrelieved series of dip- 
lomatic triumphs since he went 
back to the Foreign Office in 1951. 
and the most cultivated of modern 
politicians, entered the premier- 
ship with al! omens set feir. 

Yet it was to be the one area in 
which he had specialized all his 
adult life, foreign affairs, and in 
which he was regarded as the 
master, that was to destroy all 
these high hopes. It is this that is 
seen by so many as the central 
mystery of the Suez crisis of 
August-December 1956. In feet, 
when one looks at Eden’s 
personality and experience, it is 
not a mystery at all and not the 
inexplicable aberration that has so 
often been alleged. 

After his unhappy brief experi- 
ence with Macmillan as Fbreign 
Secretary. Eden replaced him with 
Selwyn Lloyd in December 1955. 
If Lloyd was not a mere puppet, as 
was alleged, he was very dose to 
one: ironically. Eden had made the 
same discovery as had Neville 
Chamberlain: that to have a strong 
and independent-minded Foreign 
Secretary has grave disadvantages 
if a prime minister wants to ran 


foreign policy, 
of Ede 


One of Eden’s principal de- 
ficiencies was that he had never 
held any domestic office, and 
while he had a dear overall 
judgement of the direction his 
government should go. which was 
both enlightened and sensible, it 
u3s natural that he should want to 
complete the work he had done 
abroad. Given his international 


T his unpleasant and dan- 
gerous man has too often 
been depicted as an in- 
spired. genial — if mis- 
guided — Third World 
leader standing up to colonialism. 
In reality his new position enabled 
him to lake bis conspiratorial 
talents and nnhlessness on to a 
wider stage. He accelerated the 
conflict with Israel set out to 
destroy the Hashemite rulers of 
Jordan and Iraq, assisted the 
Algerians against the French, and 
engaged in a policy of subversion, 
propaganda and political and 
military intimidation that 
amounted to a campaign of cal- 
culated destabilization throughout 
the Middle East It was initially 
principally financed by Saudi 
Arabia, but then the Russians 
became interested and involved. 

These were two entirely new 
feelers, and it was to head off the 
Russian threat that Eden con- 
ceived the Baghdad Pact to be, in 
his own phrase, “a Middle East 
Nato". and to consist of the 
Western powers. Iran, Iraq, Tur- 
key. Jordan and Pakistan. He 
hoped for Egyptian involvement 
as well but at their one meeting in 
Cairo in January 1955 — of which 
the Egyptian version is farcically 
inaccurate — while Nasser pro- 
fessed warm pro-West sympathies 
he baulked at the Baghdad Pact. 

Indeed, he did everything pos- 
sible to undermine and prevent it 
He had become a favoured visitor 
to Moscow and eastern Europe, 
and was feted by the Chinese at the 
non-aligned conference in Ban- 
dung. Humiliated by an Israeli 
incursion into the Gaza Strip in 
February 1955, he blamed poor 
equipment- rather than poor 
leadership; in September he an- 
nounced publidy what the West 
already knew, that Egypt was to be 
supplied with modern aircraft 
pilots, arms and advisers from 
Czechoslovakia. Meanwhile, the 
vitriol from Radio Cairo, and the 
actions of Egypt’s agents, con- 
finned many in their view that 
Nasser was a perilous menace. 

The American Secretary of 
State. John Foster Dulles, who 
had once courted Nasser, was 
outraged by his dose involvement 
not only with the Russians but 
with the hated Chinese Com- 
munists. while Tel Aviv signalled 
its fears of the arrival of advanced 
■Russian jet aircraft and pilots in 
Egypt, at a lime when the Israeli 
air force was a very modest 
military element. 

Eden felled to bring the Ameri- 
cans into the Baghdad Pact; but he 
publicly warned the American 
Congress early in 1956: "Brought 
to a halt in Europe. Soviet 
expansion now feds its way south 
and probes in other lands . . . 
From -the Kremlin stream forth 
into the lands of what we call the 
Middle East, and into all Asia, a 
mixture of blandishment and 
threat. offers of arms and menaces 
to individuals, all couched in 
terms or fierce hostility for West- 
ern ideals." 

This was true, and when Eden 
said to Bulganin and Krushchev in 
their visit to Britain in April 1956 
that Britain would fight for her oil 
supplies, he meant it Krushchev 
exploded with rage, but the point 
was taken, and goes far to explain 
the Russian docility throughout 
the Sjjcz crisis. This was language 


that the Russians understood. 

But Eden also pressed upon the 
Americans the need for tbe West 
to finance Nasser’s most cherished 
project the Aswan High Dam. it 
would give the West a large stake 
in the Egyptian economy, and a 
substantial presence, and would 
keep out the Russians. President 
Eisenhower was initially agree- 
able. but there were powerful 
elements hostile to the project in 
his administration and in Con- 
gress. Gradually, enthusiasm 
faded on both sides of tbe Atlantic, 
but although Eden wanted to keep 
the project indefinitely alive there 
was complete understanding in 
London when, on July 19. Dulles 
abruptly told the Egyptian ambas- 
sador that the Americans were 
pulling out; the next day, virtually 
without discussion, the British did 
the same. 

Tbe Egyptians had proved 
tricky, not to say devious, i n the 
negotiations, and their increasing 
involvement with the Russians 
and virulent hostility to tbe West 
did not make them reliable 
companions. But it was this act 
that gave Nasser the opportunity 
to put into action the carefully laid 
plans to nationalize the Suez 
Canal, seize the assets of the Suez 
Canal Company, tear up the 
recently signed agreements with 
the British, and occupy it by 
military force. As Nasser later 
admitted, he bad wholly under- 
estimated the fierceness of the 
reactions in London and Paris. 

It is not generally realized today 
how crucial the canal was to 
Britain in 1956. Over two-thirds 
of the fuel supplies of western 
Europe (60 million tons) passed 
through it; of the nearly 15.000 
ships that used it every year, one 
third of them were British, and 
three-quarters of all canal shipping 
belonged to Nato countries. 
Britain's total oil reserves were 
only six weeks. 

Nasser, an avowed enemy of the 
West and moving rapidly towards 
the Soviet camp, now bad, in 
Eden's vivid and accurate phrase, 
“his thumb on our windpipe", in 
cynical defiance of all assurances, 
agreements and treaties. Eden’s 
feith in the sanctity of agreements, 
national or international, political 
or personal, was at the heart of his 
character as a man and as a 
politician. He had been personally 
betrayed by a bandit It was not he 
but Hugh Gaitskell who first 
publidy compared Nasser with 
Hitler and Mussolini, but Eden 
saw in Nasser many of the evil 
attributes of his 1930s adversary. 
Nor was he as wrong as some have 
claimed. 


T be consequent crisis, 
which culminated in the 
Israeli-French-British at- 
tack on Egypt on Octo- 
ber 29-November 6, has 
resulted in a voluminous libraiy of 
accounts and histories, of very 
varying quality, and has created a 
remarkable number of myths. As 
the first person permitted to see 


Eden's papers and aft tbe official 
’Hnet, l 


documents of the Cabinet the 
small Egypt Committee and the 
Chiefs of Staff for my authorized 
biography of him, I was struck by 
how even more extraordinary was 
the truth. 


_ But the myth that Eden was a 
sick, almost hysterical, man with 
an obsession about Nasser that 
made him irrational is wholly 
false, as is .the legend that, stung by 
the charge of indecisiveness and 
compared unfavourably with 
Churchill, he decided to prove 
that he was strong. Eden was 
cenainly highly strung, and was 
capable of fierce, if brief, bursts of 



Cartoonist Vicky's view of Eden. August 17. 1956 


temper and anger, but those who 
knew him best realized that these 
outbursts were invariably about 
trivialities, and that on the big 
issues be was calm and thoughtfuL 

Another myth is that he was a 
side man. heavily dragged. In fact 
he had made a remarkable recov- 
ery from the bungled operation in 
1953 when his biliary tract had 
been accidentally severed: he 
nearly died, but the brilliance of 
the American surgeon Dr Richard 
Catted not only saved his life but 
completely restored him. against 
formidable odds, and 1954 was 
one of the most strenuous and 
successful of his career. There was 
always the danger of a recurrence, 
with high fevers, but not until 
October 1956 did Eden suffer one, 
and it was of very short duration. 

I have seen the details of Eden's 
medication and the reports of bis 
physician. Sir Horace Evans; what 
drugs were prescribed were very 
mild, to be used only when he was 
unwell, which was seldom. Evans 
noted after one routine examina- 
tion in 1956 that there was no 
question of abuse of any drug, 
including alcohoL 

It would in some sense have 
been easy for his biographer to 
blame the errors made during the 
crisis on bad health, but it would 
not have been the truth. 

Errors there certainly were, but 
by no means all were of Eden’s 
making. His principal mistakes 
were to keep on Walter Monckton 
as Defence Minister when he 
dearly lacked enthusiasm for the 
venture, and to misjudge the 
American mood. But even here we 
now know how feebly Monckton 
expressed his doubts, bow Mount- 
batten kepi his to himself, and that 
Anthony Nutting, who was Eden's 
protege and who resigned on 
*November 5. was present at the 
key meetings (as was Mount- 
batten). 

.Also, Dulles's crime was not 
that of duplicity but of ambiguity. 
If Eden misinterpreted the con- 
fused signals from Washington, 
the feet was that they were 
confused, only Eisenhower re- 
maining absolutely consistent 
throughout He simply did not 
believe that the canal was worth a 
war. and Eden could not convince 
him of the feci that in British and 
French eyes it was. Also. Eisen- 
hower did not share Dulles's 
detestation of Nasser personally 
and politically. The feet was that 
the Americans had no policy 
except to stall. 

Faced with the combination of 
American procrastination and a 
sharp fall in British enthusiasm for 
a military solution after the first 
burst of fury, the French turned 
elsewhere and began to talk to the 
Israelis of joint action, unknown 
to the British. 

Eden had no doubt that Nasser 
constituted a peril to Britain, the 
WesL and our allies in the Middle 
East. He was very willing to seek a 
peaceful solution, and it was he. in 
defiance of Eisenhower's strong 
objections, who took the matter to 
the United Nations, but he was 
determined that Nasser's outrages 
should not go unpunished and 
that the canal should not remain 
in hostile hands. 

But Nasser was triumphant and 
intransigent: all attempts for a 


6 It tends to be ignored that 
Nasser, the true aggressor, was 
saved from his own follies, and 
worse, by external forces 9 


reasonable settlement foundered 
on him. with warm Russian 
approval. By October nothing had 
been achieved by diplomatic 
methods, and the British forces 
gathered in Malta or in Britain 
destined for the Middle East were 
becoming restive. Tfese were the 
circumstances under which the 
French produced their plan-brael 
would attack Egypt — which, as 
Nasser constantly reiterated, was 
at war with it — upon which the 
British would issue an ultimatum 
to both sides which, if unheeded, 
would permit them legally to 
reoccupy the Canal Zone under 
the Anglo-Egyptian agreement. 

Eden was at first hesitant, white 
Selwvn Lloyd was troubled by the 
plan, but at some point Eden 
overcame his misgivings and as- 
sented. Although the full Cabinet 
did not Nay a major part in the 
crisis — in itself another error of 
Eden’s, but characteristic of his 
method of government — it was 
tokl fully and clearly by him what 
was proposed on October 25. 
Several expressed reservations, 
but nobody resigned or even spoke 
in that sense, and the decision was 
unanimous, even Monckton 
assenting. 

Moreover, in his opening re- 
marks Eden told his colleagues. 
“We must face the risk that we 
should be accused of collusion 
with Israel” and also said the 
Israeli action was “a pretext" for 
the ultimatums. These were his 
words. 

It was time that wrecked the 
plan. When the Israelis told the 
British and French that they could 
be at the canal in days, the latter 
were incredulous, the military 
estimate being two weeks. This 
became crucial as it would take 
six days for the main invasion 
fleet to get to Port Said from 
Malta. It was in those six days that 
the crisis exploded at home and 
abroad. Parliament was in tumult, 
the Americans enraged, and the 
United Nations condemnatory, 
while the sheer speed of the Israeli 
advance and the Egyptian accep- 
tance of the UN proposed cease- 
fire destroyed the pretext that the 
Anglo-French invasion was sim- 
ply "to separate the belligerents". 

h was this fact, combined with 
fierce American economic and 
political pressure that did not fell 
far short of blackmail, that un- 
nerved ministers, and especially 
Macmillan, until then the most 
fervent of the hawks. It was he 
who had first suggested, early in 
August involving the Israelis, 
which option Eden - ever fearful 
of an Israeli-Jordanian war. as 
Britain was treaty-bound with the 
latter - had rejected. When Mac- 
millan moved, the doubters in the 
Cabinet showed their hand, until 
Eden was almost isolated. With 
the Egyptians utterly defeated, and 
» al lhe mercy of the 

Anglo-French forces, they were 
ordered to stop at midnight on 
November 6. 

It is easy, so many years later, to 
criticize decisions made under 
gruelling circumstances and in- 
tense pressures. Although Eden 
was not ill. these pressures became 
so strong as to be physically and 
mentally unbearable, especially 
after the operation had been 
halted. The adrenalin that keeps 
one going during a crisis wreaks its 
rexenge when it is over, as 
happened in this case. He had 
misjudged the full strength of 
national and international coih- 

damnation ~ although domes- 
tically he had very considerable 
support — and especially Eiscn- 
nower's reactions. 

The RAF bombing of Egyptian 


B ritain. France and Israel 
publicly denied 
“collusion” as they had 
agreed. It is an ugly 
word, but it must be 
stated that it could apply to a 
considerable number of secret 
agreements between states, and 
Nasser, the most dismissive about 
promises and treaties, and a true 
conspirator, was in a poor moral 
position to complain, os are his 
defenders. It is sad. but not 
untypical, that so many of the 
latter were, and are. British. 

The responsibility for what 
went wrong must be widely 
shared, and not placed on Eden's 
shoulders alone. Errors and 
misjudgements there certainly 
were, and Eden characteristically 
took the full responsibility, but it 
is too often inadequately realized 
that his assessment of Nasser, his 
actions and his menace to British 
interests and to Middle East 
stability was absolutely right. 

The trouble was that he was still 
the Pacifier, and certainly never a 
warmonger, let alone an oM- 
feshioned colonialist. As the late 
Martin Wight perceptively wrote: 
"Eden's moral dilemma has a 


lasting significance, in trying to 
preserve me political conditions of 


international life he allowed him- 
self to become unscrupulous." If 
he had been more unscrupulous 
and ruthless, the story would have 
had a very different ending. 

Eden not only outlived Nasser 
but saw his old opponent’s meg- 
alomaniac dreams and stratagems 
collapse, his only memorial being 
the divided and embittered Mid- 
dle East, and an Egypt that has 
moved from Fantasy into, cold 


reality, in the meanwhile, many 

fered 


more thousand died and suffer 
than the relative handful ofSucz. 
Dulles, ambi valent to the end 


said to Selwyn Lloyd on what was 
virtually his deathbed. “HelL 


- deathbed. ~- 

Schvyn. why did you stop? Why 
didn't you go through with il and 
get Nasser down?" ft would have 
been better for everyone if that 
hod happened, but the historian 
can only record what actually 
occurred. e\en if he is entitled to 
lament the might-have-beens. 

The author ts G vaervaitve MPjte 
C umbridiic. ffjs Imt&aphvifEacn 
A published hr Wiidcnmd £ 
'A-o/wwi y£/fi R5JL “ , *-*:#•- 


k 


i 


airfields on November I was 
miliiarilv essential and a brilliant 
success, but politically disastrous. 
There had been nothing about 
bombing in the ultimatums. Then, 
greatly to his credit. Eden was 
obsessed about keeping casualties 
to a minimum, but as one senior 
Israeli involved remarked: "You 
cannot have ware without casu- 
alties.” After November 1 the 
RAF had total control of the skies, 
and could have bombed Egypt 
into submission; Eden never even 
considered it as an option. 

It tends to be ignored that 
Nasser, the true stressor, was 
saved from his own follies, and 
worse, by external forces (not by 
the Russians, who could and did 
nothing except issue wild threats 
of rocket attacks on London and 
Paris which the British knew full 
well were impossible, and who had 
problems enough in Hungary). 

Worse, he was not only saved 
but elevated and consolidated into 
a national and international hero. 
This was to prove an enduring 
disaster for Egy pt and the Middle 
East. When he tried again in 1967, 
the result was catastrophe; but by 
then the world had realized what 
kind of man he was. Also, by then 
the canal had ceased to have its 
previous dominant importance. 








THE TIMES MONDAY OCTOBER 27 1986 


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remember 
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sympathy for the thousands in 
the* 'City of London whose 
wgAnig lives will be changed 
forever this morning. For the 
long-awaited Slock Exchange 
Bang combines something 
o£ ail of these. Stockbrokere 
and stockjobbers have over- 
nigh* been transformed into 
multifunction broker-dealers 
or ritarke i makers, doing new 
v jdQiC using new technology, 
under new rules and new 
ownership, all at the same 
time. 

The. process that has cul- 
minated in' this morning's 
^ changes began as an attempt 
by big institutional investors 
to gain better terms for busi- 
ness from the old Stock Ex- 
change club. Three years ago, 
that produced an agreement 
between Sir Nicholas 
Goodison, the Stock Exchange 
chairman and- Mr Cecil 
Parkinson, then Trade Sec- 
retary, for the Stock Exchange 
to end its cartel arrangement 
for fixing commissions and to 
open ' its doors' further to 
outsiders. 

As in political revolutions, 
change has acquired its own 
momentum, drawing in other 
related- strands — such as 
changes in investor protection 
law -p and shifting its objec- 
tives in ways that could have 
been imagined only by the 
mdstiarsighted when the pro- 
cess started. Greater com- 
petition, requiring more 
efficiency in dealing in stocks 
and shares and raising capital 
for government and industry, 
remains ceniraLjo the changes. 
The focus of that drive has, 
however, shifted from com- 
petition. between members of 



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the old dub to the need to 
compete with and adjust to 
other financial markets and 
other financial centres, which 
have been brought together by 
the simultaneous revolution in 
communications and informa- 
tion technology. 

The City has also seized the 
opportunity denied by a re- 
stricted home market to aim at 
a principal role in the fast- 
growing international market 
for government stocks and . 
shares of the largest com- 
panies. London already leads, 
in currency dealing and euro- 
bonds. The technology, though 
still lagging behind the stan- 
dards of the international 
money market, has leapt 
ahead. Overseas banks and 
securities companies from the 
United States, continental 
Europe and Japan have estab- 
lished strong presences on the 
new International Stock Ex- 
change. And there is every 
chance that Britain can again 
lead the world in international 
finance. 

The price, however, could 
be heavy. The abandonment 
of the old restrictive practices 
has also swept away inbuilt 
safeguards to investors against 
conflicts of interest. The wind- 
ing up of the old club has left 
most of the former leading 
firms under the control of 
outside banks and financial 
conglomerates, many head- 
quartered abroad. The need to 
draw in capital and maintain a 
unified London market has 
progressively removed per- 
sonal liability and formally 
undermined the personal 
responsibility of former part- 
ners both for the reputation of 
the Slock Exchange and for its 
government — which will now 
be controlled by the corporate 
member firms. The face to face 
trading that gave meaning to 
the Stock Exchange motto — 
my word is my bond — will 


A RISK THAT FAILED 


It is not merely hindsight to 
say" that the appointment of 
Mr Jeffrey Archer as deputy 
chairman of the Conservative 
Party in 1985 contained a 
strong element of risk. Since 
then it has mostly seemed a 
good risk. Today it has to be 
counted as a risk that failed. 

Mr Archer’s chief political 
task was to do for the Tory 
faithful throughout the year 
what, the Prime Minister's 
speech did for them on the last 
day of the Party conference. 
The Tories had long taken the 
loyalty of their grass roots 
organisations for granted. Tbo 
often the emissary from Cen- 
tral Office arrived at a local 
Tory HQ to fight a by-election 
and found his resources to be 
two rival, old ladies fighting 
over a broken typewriter. 

What was needed was not 
just organisation but motiva- 
tion. The Party was not — and 
still is not— well endowed with 
charismatic politicians pre- 
pared to spend their time with 
people who were already Tory 
voters and were mostly with- 
out either influence or power. 
Mr Archer brought to this task 
the quality of celebrity — his 
already famous name as a 
thriller-writer and his soon-to- 
be famous charm as a speaker. 
He worked hard and he was a 
success. 

The risk was always in Mr 


Archer’s powers of judgement 
He came to the job with a 
controversial financial past 
He bad not chosen his asso- 
ciates wisely. He had fought 
back to financial security with 
a determination that Mrs 
Thatcher and many in the 
country at large could not but 
admire. His honour — in the 
first resignation of his political 
career, just as yesterday in his 
second — was not in doubt 

In Mr Archer's first few 
months in the job, however, 
several cabinet ministers came 
to share the doubts in his 
essential good sense. He be- 
came notorious for treading in 
other people’s patches, 
overturning the party line and 
trampling on sensitive toes. 

Yesterday’s revelations and 
reactions show — at the mini- 
mum interpretation — that his 
ability to act foolishly has not 
forsaken him. To offer to aid a 
prostitute to leave the country 
— wheii one is alleged to have 
had a relationship with her yet 
when one is adamant that one 
has never even met her— must 
be considered as calamitous 
folly. Whatever else emerges 
from this affair — and the 
motives of all participants are 
likely to come under close 
scrutiny — it is right that he is 
no longer the deputy chairman 
of Britain's governing party. . 

Yesterday’s resignation. 


however, is a personal tragedy 
for Mr Archer. The Govern- 
ment must hope that it will 
remain just that, a matter of 
great personal regret and small 
political import 

There is a good chance that 
those hopes will be fulfilled. 
The very feet that Mr Archer’s 
main work was within the 
Party rather than inside Par- 
liament or as a spokesman to 
the wider public will reduce 
the impact of his fell on the 
electorate at large. After a 
difficult period this year, the 
Government is now restored 
to reasonable strength. If Mr 
Archer’s misjudgments had 
taken place in the early Sum- 
mer, it might have been a 
different story. 

For chroniclers of Tory 
scandals, the appropriate anal- 
ogy is closer to the harmless 
resignations of Lords Lambton 
and Jellicoe from the govern- 
ment of Mr Heath than to the 
Profumo affair which gravely 
undermined Mr Macmillan's 
administration. Mrs Thatcher 
has now, in her turn, lost two 
senior leaders of her Parly 
organisation in circumstances 
that chime ill with her avowal 
of traditional family values. It 
will doubtless displease her 
that this is one Tory rot that 
die has not managed to stop. 
But it should not cause her 
disproportionate alarm. 


CAKING FOR THE RED CROSS 


The decision of the Inter- 
national Red Cross conference 
at Geneva to expel foe official 
delegation from South Africa 
must be deeply regretted - and 
so must Pretoria’s response to 


behind the battle lines of 
opposing armies, splendidly 
free . of prejudice and the 
temptations of political 
partisanship. .Its mission in 
South Africa, whose members 


it The accompanying decision . are now awaiting instructions 
to allow South. Africa’s na- from Geneva following Presi- 


lional Red Cross officials to 
remain in the conference hall 
has been seen as a compromise 
through which, in the end, the 
best was made but ofa bad job. 
Bill it cannot disguise foe fact 
that this has been a bad 
weekend for one of the world’s 
more respected and less 
controversial organizations. 

The bhllot which demanded 
the withdrawal of foe Pretoria 
representatives was pushed 
through by a block of about 
"fifty Communist and black 
African states to underline 
their opposition to apartheid. 
The angry response of those 
■ responsible- for apartheid, 
however, was to employ tit- 
for-iat by throwing members 
of the International Commit- 
tee of the Red Cross (though 
not. the South African Red 
Cross society) out of South 
Africa. Docs that sound like a 
victory for anyone*? 

For more than 1 00 years the 
International Red Cross has 


dent Botha's notice to quit, 
have been involved in valu- 
able work beyond the bounds 
of South Africa itself, securing 
the release of hostages taken by 
Uniia in Angola, protecting 
the rights of political prisoners 
and caring for many thousands 
of refugees from the fighting in 
Mozambique. The intrusion of 
politics at its four-yearly con- 
ference Tn Geneva has not only 
spoilt a distinguished record 
but has awakened hew fears for 
the future independence of the 
organization. ■ 

Sport at one time seemed a 
legitimate instrument for 
those wishing to demonstrate 
their opposition to apartheid, 
or for that matter anything 
else. But foe premature depar- 
ture of so many teams from 
this year's Commonwealth 
Games in fedinbuigh. not be- 
cause they wished to go but 
because ‘they were com- 
manded to depart by auto- 
cratic governments at. home. 

p e*H Of* foe 


political exploitation of hu- 
man contact. 

That the Red Cross should 
now be turned into a forum for 
extraneous discontent must be 
a matter for serious concern. 
The prospect of its conferences 
being turned into a vehicle .for 
Thiid World rhetoric and cant 
is profoundly disturbing. Nor 
is there any suggestion that foe 
developments at Geneva will 
have the slightest effect upon 
foe government in Pretoria, 
whose hard-line response must 
be taken as an indicator of its 
future reactions. 

The present compromise 
may at least allow the work of 
foe country’s own Red Cross 
to continue unhampered m 
South. Africa, including its 
black townships. But what 
happens next time* and the 
time after that, when a power 
bloc within foe organization 
seeks to propagate its cause m 
like manner? The Inter- 
national Red Cross should 
now concentrate some of. its 
energies upon seeking to en- 
sure that this year's conference 
has not set a precedent for 
political interference which 
the world will have cause to 
mourn in the most literal 


LETTERS TO THE EDITOR 


Inflation traps for the unwary 


largely give way to the tele- 
phone from today and to the 
computer in a few years lime. 

That pressure of com- 
petition, the switch of career 
loyalties from the Stock Ex- 
change club to great corporate 
employers, and -foe conflicts of 
interest in firms acting 
simultaneously for companies, 
investors and their own deal- 
ing books, can easily combine 
to undemiine standards. It will 
be all too easy for individual 
investors, to be seen as mere 
punters and the capital of 
British industry as foe chips in 
the game unless the young men 
who will increasingly domi- 
nate securities companies 
understand their wider per- 
sonal responsibilities. 

The Financial Services Bill 
will provide a new system of 
supervised self-regulation to 
protect investors from fraud 
and unfair practices, though 
not for at least a year. But it 
may not be able to take foe 
strain if competition leads foe 
new City to push the rules to 
their limits, seeking to obey 
only foe letter and not the 
spirit Insufficient thought has 
yet been given to whether 
industry will also need protec- 
tion from an international 
industry that might be 
tempted to generate short- 
term profits by forcing unjusti- 
fied deals and takeovers. 

Such thoughts will be far 
from foe minds of most who 
face such exciting challenges 
this morning. Their success 
should be of great benefit to 
Britain, bringing new jobs, 
more foreign earnings and 
more efficient markets that 
could eventually also help the 
widening circle of small inves- 
tors. The manner in which foe- 
City meets these challenges 
will decide whether the rest of 
the country resents its success 
or is proud of it , 


From Lord Seebohm 
Sir, The word “inflation” is now 
used almost universally to cover 
any form of a rise in prices. “True 
■inflation'’ occurs when the money 
supply grows faster than the goods 
and services it is required to 
finance. It can therefore be con- 
trolled by monetary measures. But 
a rise in costs due to an increase in 
the cost of certain inputs cannot 

For instance, the increase in the 
price of oil in the 1970s resulted in 
a direct transfer of wealth to the 
Opec countries from the con- 
sumers in the non-oU-producing 
countries. No monetary policies 
could offset this without forcing 
other prices down. What was 
inflationary was the attempt to 
offset the increase in the cost of 
living by increasing incomes. 

When, therefore, the Chancellor 
says that he is going to bring 
“inflation” down to nil he must 
differentiate between the two 
quite separate influences on the 
retail price index. 

If the cost of imports, due to a 
felling exchange rate or the rise in 
world prices of raw materials, 
causes an increase in the RPI any 
attempt to “cure” this by mone- 
tary means can only damage the 
economy and cause an increase in . 
unemployment 

Similarly, any attempt to in- 
crease wages and salaries to meet 
the increase will have an equally 
damaging effect and will result in 
“real inflation”. 

The lack of any explanation of 
these facts to the general public is 
1 perhaps one of the reasons that no 
income policy has been possible to 
implement in the last 20 years; all 
indexing is therefore dangerous 
and should only apply to the 
domestic inflationary element in a 
rise in the RPL 
Yours faithfully, 

SEEBOHM, 

House of Lords. 

From the Director of the British 
Management Data Foundation 
Sir, It is good news that the Prime 
Minister is resisting pressure to 

Housing cutback 

From the Director of the Institute 
of Housing 

Sir, Under the flimsy guise of 
transition to a new upiatingdate— 
and tire cloak of rises in all other 
benefits "-tire Government has 
just announced (report, October 
23) a further cut of £68 million to 
the housing benefit scheme. - 
This latest squeeze comes on 
top of the £200 million already rat 
. from the scheme since its in-, 
troduction in 1983. — ■ 

Nor will cuts end here. The 
Government has already made 
dear its intention to lop £450 
million from the housing benefit 
budget by I98& in the wake of 
changes made possible to the 
scheme by the Social Security Act 
The effects of this on tire 
unemployed, elderly and disabled 

Right of unemployed 

From Mr R. J. Merrick 
Sir, Two weeks ago the unemploy- 
ment office in this town dosed 
down; the nearest one is now in 
the next town some 12 miles away. 
Consequently the unemployed 
residents of Llandovery now have 
to register as unemployed fort- 
nightly by posL 

Our application forms must be 
endorsed by an employed house- 
holder and. we have to bear the 
cost of postage (a first-class stamp 
is compulsory) ourselves. We are 
not reimbursed for this expense. 

The unemployed in a similar 
position in such rural areas as this 
have, therefore, had their un- 
employment benefit effectively 
reduced by ninepence a week and 
are being pcculised, through no 
fault of their own, for being unable 
to anend an unemployment office 
to register in person. 

Lure of Einstein 

From Mr J. G. Thomason 
Sir. In the pontifical letter from Dr 
Wilski (October 20) he states that 
none of the real technical achieve- 
ments of today are based on 
Einstein’s theory of relativity. 

Ail radio transmissions from 
artificial satellites to the earth 
experience a frequency shift due to 
relativity effects. In the case of the 
Navstar satellite navigation sys- 
tem. for example, the blueshift of 
the transmissions 7s 447 .9 x 
10‘ 12 due to the net effect of 
Doppler shift, general relativity, 
special relativity and more subtle 
relativity effects (rotating mass). 
The accuracy of a fix from 

Methodist roll 

From the Secretary of the Method- 
ist Conference 

Sir. 1 note your report on October 
16 of the decline in Church 
membership in Great Britain 
since 1980 and the accompanying 
rise in the number of the adher- 
ents of some other faiths. Any 
comparison of religious statistics 
is difficult. Religious bodies, 
including ihe Churches, count 
their community in different 
ways. 

The Iasi published figures for 
the Methodist Church arc for 
1983- Membership was recorded 
at 458.592. and the community 
roll, those who worship regularly 
or have some other active connec- 
tion with the Church,, was 
1.329.365. which compares rather 
more favourably with the number 
of Muslims than your report 
suggests. . 

We only publish our returns 
trienniaily. but our estimtes for 
1985 are at least 10.000 higher 
than those given in the UK 
Christian Handbook. 

Yours faithfully. 

BRIAN E BECK. Secretary. 

The Methodist Conference. 

I Central Buildings. 

Westminster. SWL 

✓V- u... I ^ **». 


join the EMS (European monetary 
system). Membership would only 
be of very limited assistance in 
smoothing out the present voiatil- 
‘ ity of sterling, (t would not affect 
movement against the dollar of 
the yen and would certainly place 
longer term restrictions on our 
ability to look after our own 
interests. 

Ultimately, we stand or fell on 
our own endeavours. Joining an 
organisation does not in itself act 
as a panacea. It can in fact often 
magnify problems. For example, 
membership of the CAP (common 
agricultural policy) has been a 
major disaster and inflicted costs 
totally unnecessarily. 

As far as the European market 
as a whole is concerned, it seems 
merely to have helped other 
European countries to penetrate 
the UK market to a greater extent. 

Many of the arguments by some 
protagonists of the EEC are so 
simplistic as to make one weep. 
Easing bureaucratic restrictions is 
only one small dimension. The 
European market is diverse and 
requires specific targeting to in- 
dividual countries. 

A factor of much greater im- 
portance to the overall prosperity 
of our manufacturing industry — 
and to employment — is a compet- 
itive exchange rate. This, fortu- 
nately, we are now beginning to 
achieve, thanks to speculation 
against sterling. 

It is to be hoped that the 
Chancellor will continue to resist 
the City clamour to increase 
interest rates, which are already 
too high for anyone's comfort 
except the banking world, and 
allow the pound to find its own 
levcL This, when all the hysterical 
comments by financial analysts 
die down, may settle at a figure not 
too different from its present one. 
Yours etc. 

ANTHONY COWGILL, Director, 
British Management Data 
Foundation, 

Selwyn House, 

Cleveland Row, . 

St James's, SWi. 

who depend, in increasing num- 
bers, on benefit to pay then- 
housing costs should be obvious. 
Less obvious will be the effects on 
housing administrators wbo have 
to operate the scheme. Unlike 
most benefits, those for housing 
are administered by local authori- 
ties and the brum of unpopularity 
hits them, not central govern- 
ment 

Then there are the mounting 
rent and rate arrears which will 
also fall to the' town halls to sort 
out A cyme might argue that it is 
just because of this unique local 
responsibility that housing benefit 
was singled out. to meet the axe 
alone. 

Yours sincerely. 

P. McGURK, Director, 

Institute of Housing. 

9 White Lion Street, . 

Islington, Nl. 

Furthermore, under this new 
system, . unemployment giro 
cheques -now arrive in Saturday’s 
post, as opposed to Friday’s post 
previously. In some outlying area 
the morning post may not be 
delivered until as late as midday 
and sometimes not at all in severe 
weather. 

Post offices close at 1 pm on 
Saturdays, leaving some people 
with perhaps an hour’s walk into 
town and the possibility of being 
unable to reach the post office to 
cash their cheques on time. They 
would then be without their 
money for the weekend. 

This is an unnecessary penalty 
against a section of the un- 
employed and is to be deplored. 
Yours sincerely, 

R. J. MERRICK, 

Buddand House, 

Queen Street, 

Llandovery. Dyfed. 

Navstar is a few tens of metres 
anywhere on the earth or in the 
skies, rfthe relativity and Doppler 
effects were not allowed for in the 
design, an error of 5.800 metres 
would accumulate before the 12- 
hourly date updaie. 

As far as I am aware, every 
single experiment, earthbound 
and otherwise, io verify Einstein’s 
theories of relativity has provided 
confirmation — indeed scientists 
would be very excited were this 
not so. 

Yours sincerely. 

J. G. THOMASON. 

Aveyron. 

Windmill Lane. 

Midgham Green. Berkshire, 

In common currency 

From Mr Cedric Hailam 

Sir, I was interested to read Mr 

Ray Ward's letter (October 4) 

concerning the abbreviation for 

“pound”. 

I recently came across a school 
exercise book used by ray grand- 
father in 1854. The £ sign was in 
use at that date, being placed after 
the figure when the s. and d. 
abbreviations, were also used but 
before when they were omitted. 

Thus, for example, to the ques- 
tion. “If a servant be paid IQ£ 16s 
for 42wks 6days, how much will 
he earn in 14wks 2daT the answer 
is shown as £3,12,0 and to the 
question. ”If my horse stands me 
in l£ Is 6d for 12 days keeping, 
what will be the charge for a year?” 
the answer is written as 
£32.13,1 1 Vi. (It apparently cost a 
good deal more to keep a horse 
than a servant!) 

As if these problems in pounds, 
shillings and pence were not 
enough for the poor schoolboys to 
wrestle with, the answers to some 
questions in the book were re- 
quired in guineas, marks, nobles, 
angels, crowns and moidores. 

Yours faithfully. 

CEDRIC HALLAM. 

45 Lyncroft Avenue. _ 

PJ-.T./-T T 


Sir, .Wiihout seeking to argue the 
absolute merits of imposing ad- 
mission charges m British na- 
tional museums, the size of that 
deemed necessary by the British 
Museum (Natural History) has 
given cause for alarm. 

Science is. more than ever, an 
essential feature of our lives. 
Every effort should be made to 
foster in ihe general public an 
understanding of the scientific, 
particularly the biological, options 
that variously offer so much 
potential for good or ill. 

The Natural History Museum 
in South Kensington has. over 
very many years, played a note- 
worthy pan in the scientific 
education of the young and of the 
parents they so often take with 
them. That it should feel com- 
pelled to charge a sum that there is 
reason to believe may halve 
attendance is an educational trag- 
edy that could and should be 
averted. 

Yours faithfully. 

KENNETH BLAXTER. President. 
Institute of Biology. 

20 Queensbeny Place. 5W7. 

fVtnhnr *1 



Academic threat 
to free speech 

From Mr Mark Almond 
Sir. With his distinction between 
“academic freedom’Vand. “politi- 
cal freedom” (feature, October 21 ) 
Dr Kenny has put his eloquence at 
the service of .the “treason- of the 
clerks” and one trusts that every 
ghost, from Castillio to Benda, 
will haunt him for his pains. 

What is perhaps more surpris- 
ing is the Master of Balliol's 
misunderstanding of the basis of 
the disquiet at the current attacks 
on free speech in the universities. 
Outside speakers do not generally 
propose themselves, but are in- 
vited to speak by the repre-. 
sematives of the student body or 
some part of it- 

Dr Kenny's caricature of the 
Moo rues forcing themselves upon 
a defenceless Oxford college dis- 
torts the current reality. It is not 
Gerry Adams, but rather Tory 
MPs, members of a party regularly 
voted for by more than 40 per cent 
of the electorate (to the chagrin of 
its academic betters), who are 
likely to be shouted down, spat 
upon or manhandled. 

It is, however, striking that Dr 
Kenny considers it acceptable to 
ban legal religious or political 
groups from universities, but not 
their violent opponents. 

So far the response of university 
authorities to such disorders has 
consisted of disingenuous denials 
that “our students took part” or 
invocations of the right to “free 
speech” as a reason for doing 
nothing to protect iL 

No doubt, when our liberties 
have been whittled away and the 
book-burnings begin, calm, 
reasonable, magisterial, academic 
voices will whisper: “No need to 
complain, your thoughts are still 
free”. 

Yours faithfully. 

MARK ALMOND, 

Wolfaon College, Oxford. 

October 22. 

From Mr D. L B. Hartley 
Sir, Free speech is particularly 
important in a university. Do 
students even know the case for 
free speech? Mr John Austin, of 
Oxford, may not: “Selbouroe off- 
ended people’s sensibilities” he 
said (report, October 20). 

Mr Austin is to read PPE an 
expensive way of teaching him the 
importance of liberty. An account 
of J. S. Mill's “Essay on Liberty" 
can be given in a double period 
with the sixth form. It has been 
done, often. 

Thirty years ago it was found 
necessary to introduce a Use of 
English test for university ap- 
plicants. Perhaps there should be a 
compulsory question each year on 
Mill's essay in the general studies 
papers at A level 
Yours truly, 

D. L B. HARTLEY, 

Ghyll Bank. 

Brook Road, 

Windermere, Cumbria. 

October 21. 

Museum charges 

From Professor Walter Elkan 
Sir. The Natural History Museum 
may have got its economics wrong 
(report, October 22). Unlike some 
opponents to admission charges, I 
do not regard the suggestion that 
visitors should make some 
contribution to a museum's up- 
keep as a moral outrage. But the 
proposed charges seem un- 
necessarily high and the way of 
collecting them unnecessarily 
expensive. 

Two pounds for adults and £1 
for children is almost as much as 
now typically prevails in many 
American museums, and Ameri- 
cans earn typically almost twice as 
much. 

Some small initial fall-off m 
attendances is unavoidable but to 
even contemplate a 40 per cent 
initial drop in visits plays straight 
into the hands of the opponents 
and is both unimaginative and 
unnecessary. 

A system of genuinely voluntary 
but specified donations collected 
by unpaid volunteers, as at, e.g^ 
Salisbury Cathedral, would reduce 
the cost of collection. This would 
reduce the amount visitors need to 
be asked to pay in order to reach 
the target figure of £1.5 million in 
a year, whilst avoiding both public 
resentment as well as the initial 
loss of “custom" which the mu- 
seum ought not to view with such 
equanimity. 

Yours uuly, 

WALTER ELKAN. 

Brunei University, 

Department of Economics, 
Uxbridge. Middlesex. 

October 22. 

From the President of the Institute 


ON THIS DAY 


OCTOBER 27 1333 

The East Fulham by-election held 
in the third year of the National 
Government was /ought by the 
Labour candidate, John Wilmot 
(later Lord Wilmot of Selmeston, 
1895- 1964) an the issue of peace. 

What now appears as a minor 
episode in political history um at 
the time a shattering blow to the 
Government- Stanley Baldwin. 

stated" that the nerve, injured 

in October 1933. the East Fulham 
nerve, never quite healed" (The 
swing to Labour was 26.5 per 


ibour was 26.5 per 
cent) 


A USEFUL LESSON 

MR. WILMOT, the Labour 
candidate, is to be congratulated on 
a remarkable victory in the East 
Fulham by-election. He entered 
the constituency a few weeks since 
as a complete stranger, and he has 
now secured a turnover of 19,000 
votes in his favour by a candidature 
which all accounts agree to have 
been most ably conducted. 

MR. WILMOT has also many 
other grounds, apart from his 
personal qualities as a candidate, 
upon which to congratulate him- 
self. He can hardly have hoped that 
his opponent, and the organiza- 
tions behind him should fail so 
hopelessly to present the strongest 
case ever possessed by a British 
Government in modern times . . . 

... All accounts agree that the 
two most prominent issues at this 
election were what was called War 
versus Peace in foreign affairs and 
Housing in home affairs. The issue 
of Unemployment had some prom- 
inence also, but was definitely 
subsidiary. What is certain is that 
the Labour candidate succeeded in 
identifying his opponent with at 
least some tolerance of the idea of 
war and with at least some 
complacency in the matter of 
housing. This impression was no 
doubt created partly by the usual 
gross misrepresentation of the 
actions and intentions of the 
British Government For example, 
in the Labour broadsheet issued 
during the election there is a 
picture of MR. ARTHUR HEN- 
DERSON and MR. WILMOT 
with the caption “Unde Arthur 
tells John Wilmot that peace men 
must stand together." MR. 
WILMOTFs own message is 
headed “I stand for peace," and he 
makes great play with his 
opponent's alleged advocacy of 
immediate rearmament by this 
country. Further, the alleged inad- 
equacy of the housing programme 
of the borough council — a matter 
which was believed to affect the 
Conservative candidate — is made 
the excuse for insinuations that the 
whole housing policy of the Gov- 
ernment, including slum clearance 
' and rent restriction, is farcical, or' 
unjust. But such misepresentations 
of the Government might easily 
have been rebutted and exposed by 
competent rejoinders competently, 
brought home to the electors by 
efficient organization. In so far as 
the result was due to any view® of 
the electors upon these issues, it is 
a lesson to the Government as a 
whole that they must not run the, 
risk that their case will be given 
against them almost by default, na 
matter how plain its strength to 
those who consider it 
impartially ... 

The lesson of the by-election in 
this matter is that the Labour" 
Party will use every effort to 
further the idea that parties can be 1 
divided into “peace men" on the 
one hand and “war-mongers” on' 
the other and that this division, 
must be exposed for the utter 
fallacy which it is. Apart from this 
insidious and unreal issue, time 
and renewed effort will bring borne 
to the people the falsity of other 
charges against the Government. 
What Government has a better 
answer to the charge of exploiting 
the poor than a Government which 
has preserved the purchasing pow- 
er of wages, which has set 650.000 
more persons to work in twelve 
months, which has really begun the 
“national economic planning" 
prated about by the Labour Party, 
and which has set on foot a 
programme of slum clearance on an 
unprecedented scale? And what 
party has less right than the 
Labour Party to bring such a 
charge after the effects of its own 
policy on the poor have proved so 
disastrous? It must be repeated 
that no Government has ever had a 
better record than this National 
Government, and that never was it 
clearer that any alternative Gov- 
ernment would be far less fitted for 
the tanks which lie ahead. The very 
least which the party organizations 
supporting it can do is to see that 
its cause is adequately champs 
oned. If they do, East Fulham will 
have proved a useful lesson. If they 
do not. there will be more East 
Fulhams, and the power for good, 
of the British Government both at 
home and in foreign affairs will be 
weakened by the alarm of those 
both at home and abroad who 
realize the dangerous futility of the 
Labour Party, and who are not 
sufficiently alive to the true beai^ 
ing of by-elections upon the views 
of the nation as a whole. 

Treble increase 

From Mr Robert Lighiband ; 
Sir. In most churches in Scotland 
and in many in England the all- 
male choir, relying on boy trebles, 
ceased to exist some years ago. But 
in the last two or three years I have 
found recruitment much easier in 
Dundee, and my colleagues in 
Aberdeen and Inverness Cathe- 
drals are reporting record num- 
bers and a much greater 
enthusiasm among parents for 
offering their children five or six 
times a week to sing in the choir of 
what is. after all. a minority 
church in Scotland. 

May I ask if this trend is also 
reflected beyond the bonier? 

Yours faithfully, , 

ROBERT LfGHTBAND. 

The Cathedral Church of Saint 

Paul. 

Castlehill. Dundee. 



COURT 

AND 

SOCIAL 


THF- TIMES MONDAY OCTOBER 27 1986 

Clifford Longiey 

Returning to a common faith 


COURT Birthdays today 

PTD /"T TT An Mr John Cfe®*- 47 ; 

= c y^I f\v„l J 1 ,/ K K Admiral Sir John Cox, 58; Mr 
'■ irmc.mn.Au Paul Fox, 61; Lord Ofendyne, 

- KENSINGTON PALACE 6Q; Lieutenam-Gencral Sir 

- October 2 & Princess Alice. Maurice Johnston, 57; Major- 
“ Duchess of Gloucester. PMron, General H. M Liardet, 80; Sir 
.. Embroiderers* Guild, today re- Wylie McKissock, 80; Sir An- 

caved Mrs D. SpringaD on her thouy Meyer. MP. 66; Lord 
retirement as Chairman of the Moyne. Si; Sr Frank Roberts, 
-- Guild. 79; Mr Leonard Rosoman, 73; 

1 “ “ Professor B. E. Supple, 56; Mr 

- Mr Ahmed EJHL Jaflter left for Chris Tavaris, 32; Dr A. W. 

Jeddah yesterday. Tyson, 60. 

Forthcoming lEEiKl 

• The engagement is announced 

mar riages between Kristopher. elder son 

® of Mr and Mrs J.M. Millard, of 

„■ Hale, Cheshire, and Susan, dder 

' ■ daughter of Mr and Mis DA 

, Ashe, of Wellington, New 
* ™ en ® a ^ I ! tnt 15 announced Zealand 


Jeddah yesterday. 

Forthcoming 

marriages 


; w.a,, — n«tc, \.ii»iuic, aiiu 4u*du, uwa 

' • daughter of Mr and Mis DA 

, Ashe, of Wellington, New 
U engagement is announced Zealand. 

..between Chris, son of Mr and " au<luu - 
~ Mrs LA. Challis, of Rochester, Mr AJt Neale 
" Kent, and Veronica, daughter of and MUe BJM.T. de Chabot 
. Mr and Mrs M.R. Hopkins, of The engagement is announced 


^Southampton. Hampshire. 

'■ Mr M.AJL Camberlege 
and Miss MJL Bury 


between Alasxair Rupert Neale, 
of Nabi Saleh Island, Bahrain, 
son of the late George Rupert 
Neale and of Mis Audrey Neale, 


and Miss MJL Bury Neale and of Mis Audrey Neale, 

' The engagement is announced of Cuckfield. West Sussex, and 
between Man: Arthur Ri char d. Bernadette Marie ThenSse, sec- 
-eider son of Colonel and Mrs ond daughter of the late Vi- 
Jeremy Cumberlege. of comte Charles de Chabm and of 
Stillingion. York, also of Nai- MmeGbislalnede Vienne, of Le 
robi, Kenya, and Mary Helen, Pare Soubise, Mouchamps. 


robi. Kenya, and Mary Helen, Pare Soubise, 
. eldest daughter of Mr and Mrs France. The ma 
*_ John Bury, of Indedon Farm, place on Decern 
;r Braun ion, Devon. Paris. 


Mouchamps, 
age will take 
r20, 1986, in 


. Mr P JO. DaDibar Mr R-DjV. Pollitt 

and Miss SJVf. St L Mufcahy and Miss CJ. Howftt 
The engagement is announced The forthcoming marriage is 

- between Paul Douglas, elder son announced between Robin, son 
", of Mr and Mrs John Dallibar, of of Dr G. Pollitt, Sheffield, and 
: Crawley, Sussex, and Siobhan Mrs J. Roberts. Borum Pilsea, 
- Maria Si Leonard, daughter of Humberside, and Caroline, 

: Dr and Mrs Francis Mulcahy, of daughter of Mrs G-Howm and 

- Brighton, Sussex. the late Mr CJE. Howitt, South 

Africa. 

Mr RJ. Gilmore Kerr ui. n p c_u 

- and Miss CS. Fletcher 


Mr RG. Self 


- and Miss GJ- Rewm 

. The engagement is announced The en^cgsmeortsaiinoanced 
■" “ nf betweenRos-rGeotge, younger 

-- S S g ” , K f I ^i, l of son of Mr and Mrs G. Self of 

"V Colney Weston, Suffolk, and 

1-. Gillian Linda, younger daughter 

- fi* ** Fletcher, of Highgate. of ^ ^ Mrs Regailf of 


The favourable response of all the 
dioceses of the Church of England to the 
two agreed statements of the Anglican- 
Roman Catholic International 
Commission (Arcic) points to the 
dramatic conclusion that Anglicans and 
Roman Catholics share a common 
faith, completely upsetting the standard 
received version of their relationship. 

The statements were on the Eucharist 
and on priestly ministry, touching 
therefore on such issues as tran- 
su Instantiation, and they are supposed to 
quarrel about such things, not agree 
- about them. The two churches are also 
supposed to quarrel about ^salvation by 
faith alone”, and the international 
commission has recently announced 
that they have started to agree about 
that too. 

That leaves the last of the original 
four fundamental doctrinal differences 
between them so far unresolved, 
concerning authority in the church and 
the primacy of the Pope. 

On that there is only “converacance”, 
but according to 41 of the 44 diocesan 
synods it is sufficient for the two 
partners to continue to seek substantial 
agreement Given that the general 
synod is unlikely to overturn such a 
strong-supported acceptance of the 
commission's work, and that the Ro- 
man Catholic Bishops’ Conference of 
England and Wales has already passed a 
similar judgment, as far as doctrine is 
concerned the Reformation may be 
truly said to be over - or complete. 

But one significant qualification ap- 
pears to have emerged, in the debates in 
the Anglican dioceses, which may go 
part of the way to explain why the 
“convergeance” formula on authority 
failed to impress at least three of the 44 
houses of laity. It was that the authority 
statement failed to do justice to the role 
of the laity in the government of the 
church. This misgiving is as much 
directed to the Anglican input to the 
statement as to the Catholic one. 

The ecclesiology or theology of the 


church which was common ground in 
the international commission and in its 
statement on authority was unmistak- 
ably clerical and hierarchical in charac- 
ter. In that respect it was more akin to 
the Roman Catholic model than the 
Anglican one. and it is directly fllns- 
trated by the case in hand. For the 
Roman Catholic Chinch in England and 
Wales did not consult its own laity 
before passing its verdict on the agreed 
statements. On doctrinal manere it ts 
Catholic custom and practice to assume 
that the only function of Catholic lay 
people is to agree with their bishops. In 
this case they almost certainly would 

have wanted to agree, but that is not the 

issue. 

In complaining of the weakness of the 
authority statement on this point, the 
Anglican laity may even be regarded as 
standing up for the rights of their 
Catholic lay brethren. The rights m 
question go beyond ibe right to be 
consulted on theological maners. 

Every church is deeply busy m the 
daily administration of its affai rs, 
including the taking of important 
decisions which have noihfbg to do with 
doctrine but everything to dp with the 
welfare of the church and its people. 
From that, too, the Catholic laity is 
largely excluded. Yen there appears to be 
no good theological reason why even 
senior positions in the Roman Catholic 
administrative machinery, such as some 
of those now held by cardinals and 
archbishops in the Vatican, should sot 
be held by lay men surd women. 

The Roman Catholkr Church is aware 
of itself as an over-clerical church, and 
there is likely to be much breast-beating 
on this score at the next International 
Synod of Bishops in Rome next year, 
when the laity will be on the ag end a if 
not in the assembly. But an effecti ve lay 
voice in the church's internal affairs has 
been demanded before, not least by the 
Second Vatican Council The im- 
pression remains justified that _ lay 
Catholics are in principle 


disenfranchised, and in practice htutfly 
recognised, whatever the fine words m 
theological documents. .... 

This creates a sharp cultural c om»o n 
in the modem world, where ray PWF 
take it for granted that they haveanghi 
to participate in the making of j Vcidar 
decisions which affect them. Decagons 
ftom they have been excluded are likely 
to lead to resentment or disinterest. 

And the church authorities* « least 
internationally, are notoriously insen- 
sitive to the power of "pubhc opinion 
in lire church. 

It is. for example, nothing but an 
encouragement to cynicism among the 
faithful that such teachings as.thM on 
contraception, which by definition oruy 
affects Catholic lay people, rfmuM.be 
put bevond the reach of lay discussion 
because hierarchical "authomy has 
already made up its mind. 

In an ideal world, such teachings 
would be shaped, formed and tested by 
vigorous debate before they were pro- 
pounded. and the lay contribution to 
such a debate would be crucial It would 
also be crucial to giving such decisions 
moral authority. And no fundamental 
theological tenet would be com- 
promised were this to happen; the 
omission is a matter of custom and 
tradition, not doctrine; 

The Anglican laity have raised an 
important point, therefore, about lay 
rights in their own church, in the 
Roman Catholic Church, and in any 
united church to come; and it is no 
doubt not an accident that the body 
which Iras provoked this reaction, Arcic. 
is itself largely clerical. It gave more of 
its attention to less practical matters ; 
such as papal mftlhbifity; an issue 
which perhaps concern clerics more 
than lay people. It would be a remark- 
ably wholesome fruit of ecumenical 
dialogue if pressure from Anglican i 
laymen and layw o men began to oblige- ! 
tire Roman Catholic Church to take its 
laity seriously. 


- London 

. Mr LG. Darks 
“■ and Miss SJ. Hove 


Chelsea. London. 

Mr W. Southall 
and Miss E. Hnrwhz 


The engagement is announced 
S&S2K betweenwlliam, youngest son 
..rn n.y^ , of Mr and Mrs PAL Southall. 

' of Morton Bagot, Warwickshire, 

81x1 Seanor. daughter of Dr 
Mr and MreHarold Howes, of N A. Hurwitz, of Leeds, and the 
\ SeafwcL Sussex. ^le Dr LJ. Hurwitz; 

Mr AJ. SalUran 

and Miss T. Bryan and Miss J.C. Sheldon 

: The engagement is announced 

between Aidan. elder son of the 
M *KS gh 5S tale Squadron Leader Austin 
Sullivan and Mrs Sullivan, of 
'MT’RuPrS h !S : R,!hI«J5? Southend-on-Sea. Essex, and 
f Joanna, younger daughter of Mr 

Hampshirc - and Mrs a Sheldon, of Dorking. 

Mr MJX. Marshall . 

and Miss KM. Oakes Mr RN. Torrance 


Appointments in 
the Forces 

Royal Navy 

CAPTAINS: J Nan. Netton In Cmd 
5^87 CIO sew in rank of Odra 0A87 

ajRGEON CAPTAIN IDCTJC Han. 
MOD djondon). 15.1.87: B Robkmon. 
staff or C3NCNAVHOME. 22.1.87: 
COMMANDERS: J s Drake. Loan i 
Serv Bangtadestu Cmd reran led AHR 
of cam d.a.87 and wheat T J H 
GedQC- C8NS waslunaan. 7.S457: R ' 
A D Hobbs. MOD fPomdcrwn). . 
21.10.86: M L Ladd. MOD (London!. 1 
8.12-86; W R McLaren, for duly wun 1 
Port Attn Rosnh. ' 2-12-86: D A j 
Rowe. Staff of AM Adin Devonnwi. , 


Sale room 


Record $l.lm for 
a wing chair 

By Geraldine Norman, Sale Room Correspondent 


Rowe, staff of 
5.1.87: D R 
19^87. 


Pori Adra Cfvrowon. 
Warren. Bhistnous. 


The engagement is announced and Miss LA, Buxton 
between Michael, son of Mr and The engagement is announced 
- Mrs JJE. Marshall, of Welwyn between Neil, only son of Mrs 
Garden City, Hertfordshire, and Dorothy Torrance, of Sale, 
Kathryn, daughter of Mrs M.G. Cheshire, and the late Mr 
Oakes and the late Mr W. AlexanderTorrance; and Karen, 


'Oakes, of Thorpe 
Norwich, Norfolk. 


St Andrew, only daughter of Mr and Mrs 
John Buxton, of Harris Farm, 
Tala ton, Devon. 


TMrD. Mason 
-and Miss J-F- Wheeler 
*;The engagement is announc 
between Donald, elder son of 
- and Mrs J.E. Mason, of Hoi 
T Derbyshire, and Julia, eh 


i.. Dr AN. Wear. 

. and Dr JJO. China 

The engagement is announced 
iS^^SrveZ between Alan Nicholas, younger 
T 50 son of Dr and Mrs Lawrence 
Wear- of Crewkeme, Somerset, 


COMMANDERS: J A Phillips. 
13.12.86: E Sloan. 30.12.86. 
CHAPLAIN: B Lamb. 16.12.87. 

ROYAL MARIKS 

MAJORS: J R AOW. 42 COO Rm. 
14.1086: A A MUOtt. JSDC. 13.1.87. 


The Army 

LIEUTENANT -GENERAL: C P R 

palmer, (o be MS MOO. 24-lOM. i 
MAX>R -GENERAL: M T SkUmer. M 
be DGW(A) MOO. 24.10S6. i 

COLONELS: H C MacMoiay. DA > 
APPt. 6.11.86: T B WrMM. 10 be, 
Comd HQ Army LtsaT GptLK). 
3.11.86. 

LIEUTENANT -COLONELS: T L M 
Porter RWF. Same GP T*e Tiabwr , 
(UK). 27.10.86: E J Downham. QLR. 
to be CO 3 York*. 27.10-86: T Huns • 
U. to be CO 5 LL 28 . 10 . 86 . 


BRIGADIERS: J R Cornell. late RGJ. 
2.11J36: A R Douatas-Nooent tale 
17/21L. 1.11.86: J BWllto. late RE. 
30 10-86: P WlnOKOmbe. late REME. 
3-11-86- 

COLONELS: J Nicholson, late RAPC. 
1.11.86. 


^ughterofMrP.V.Wheeter^f and iulja 0 ^^ youngs 
• France, and Mrs PJ. daughter of Mr and Mre Stuart 

ton, of Gum, Shaftesbury, of Great Bookham. 

Dorset. Surrey. 

: Parliament 


Dorset. 

: Parliament 
: this week 

Commons 

’ Today tZJan Debate on Scottish 
National party and Pfcnd Cymru 
motion on regional policy. Debate on 
Opposition motion on chaoses In 
.•.linnilgraoon rules. 

.^Tomorrow (2 30k Deacons (OncHna- 
_Uon of Women) Measure. FeUxslowe 
. Dock and Railway BUI and British 
- Railways iStansted) Bui. Rather 
consideration. 

„ Wednesday O-SOf. Debate on West- 
b.land. 



An upholstered whig chair of p] 
standard nud-cighte^th an- to 
tray design was sold for n 
SL 100.000 (estimate 5350,000- *j 
5550,000) or £762300 at J, 
Sotheby's in New York on 
Saturday. 

It is the most expens i ve teem ;j 
of ftmiitiire sold in America, the t 
most expensive chair in the S 
world aati tire most expens i ve 
piece of furuilnie on record- * 

The chair has carved mabog- M 
any cabriole legs and was made 
in Philadelphia around 1770. It 
had been in the family of hs 
ori^nal owner, Anne Shlppen 
WiBmg. of Philadelphia, antil it ™ 
was sent for sale at Sotheby's “ 
and this was the secret of its JL 
saccess. The historical romance 
ofaa nnlMroken family descent is 
. rare In American furniture and 
is treated by bnyers (who thus *® 
break it) with immoderate re- ** 
sped 

American defence contracts 
fuelled the fortune of the par- wr 
chaser, Eddy Nicholson. He tb< 
recently sold his company, the W 
CangoNm Corporation, which dfe 


pMa tripod table wiA a pfe-crast 
top. And last week Mr Nkhol- 
son spent S605j000 on a table 
whidi had bdooged to Governor 
JofaPmofFttaijfnnk, 

la addition to the chair be 
spent 5660,000 (estimate 
SmOOO-STWMWO) on a Boston 
Bombidkest of aronnd 1765 and 
S52M00 (estimate 540,000- 
560,000) on a carved oak chair 
from Essex County, Massachu- 
setts, dating from armnd 1675. 

American Man of the 
s e v en t eent h and eig hteenth c ea- 
tury- iumiite^ Engbsk design 
bet the English coemterparts of 
these two oaks would be Iadcy 
if they fetched as orach as 
£10,000 at auction. Christie's 
New York sale of Engfish 
furniture on Satraday inrinded 


Lords - - 

Today C 2 . 3 CT 1 : Financial Services 8 UL 

TttnorrowiSjO): Housing and PJan- 
nlng Bill. Uiird reodlim. National 
HeolDi service (Amendment} BIB. . 

wSdneuw^( 2 . 30 K HouSnq CScoUand) | 
Bill. Commons amendments. Public , 

order BllL nurd reading. , 

Thursday ta n E ducation Bffl end 
Salmon Bm. Commons amendments. . 


Appointments 

Latest appointments indude; 
Mr Robot Donald Harmaa, 
QC, to be a Judge of the Courts 
of Appeal of Jersey and Guern- 
sey, in succession to Mr Henry 
Pownall, QC 


is die chief supplier of hattie- 
shlps to the US Navy, as weB ms 
the woiid’s hugest supplier of 
rinyl Door covering and caravan 
furniture. 

He is dling his “historic" 


American folk ait also broke 
into a new price stratosphere 
with Sotheby's Saturday sale of 
the collection of Don and Faye 
Walters, a couple of 
distiaqnislied masenm curators. 

A carved and painted barber 


an elegant gentleman with 
“Dapper Dan" written on his top 
hat made S258J0Q; they bad 
bought him in 1980 for 553^00. 


nineteenth centmy home hi New He dates from around 1880 and, 
Hampshire with American far- according to Sotheby's, has 
niture, American pictures and come to be seen as “an icon of 
American silver. Last January American vernacular 

he set a new price record for sculpture". That collection made 
American fur ui tore when be £I,04<L5O2 with only 2 per cent 
paid 51,045,000 for a PbOadd- left unsold. 


.1 


l 


major 
opportunity 


Earn high interest and 
enjoy a more secure return with 
Anglia’s High Income Bond. 


Memorial services Dinner 

Wing Commander V-E- Thomas Old Oakhamian Ctnb 
The Prime Minister read tire Mr S.G. Schanschieff President 
first lesson ai a service of of tire Old Oakhamian Club, 
thanksgiving for the life of Wing presided at the annual dinner 
Commander Vera Eleanor held on Saturday at Oakham 
Thomas held on Saturday at St School, Rutland. Mr Graham 
George's, RAF Halton, SmaObone, headmaster, was the 
Buckinghamshire. The Rev guest of honour. 

G.B. McAvpy officiated, as- 

Service dinner* 

lesson and Air Vice-Marshal Sir TS Mercury (1885-1968) Old 


OBITUARY 
PROFESSOR ALBERT 
von SZENT-GYORGYI 
Original scientist who thought big 


Service dinners 


Ralph Jackson gave an address. 

Sir Bryan Matthews 
A memorial service for Sir 
Bryan Matthews was held on 


Boys' Association 
Cap lain R. E. Webb, Chairman 
of the TS Mercury (1885-1968) 
Old Boys* Association, presided 
at tire annnal reunion dinner 


Saturday in the Chapel ofKing's held at the Post House Hotel, 
College, Cambridge. The Rev Hay ling Island, on Saturday. 

John Drury, Dean, officiated. . . 

Dr H.RF. Dixon read from the The York and Lancaster 
works of Thomas Wodfe and ... 

William Law and Mr Toby Major-General FJ.C Piggott 
■ Duckett, grandson, from the prcsided at the twenty-fifth an- 
works of Thomas Trehcme. nual reunion dinner of tire 9th 


William Law and Mr Toby Major-General FJ.C Piggott 
Duckett, grandson, from the prcsided at the twenty-fifth an- 
works of Thomas Trehcrnc. tiual reunion dinner of tire 9th 
Lord Adrian, Vice-Chancellor Battalion, The York and Lan- 
of Cambridge University, gave caster Regiment, held ott Sat- 
an address uiday at tire Rutland Hotel, 

Sheffield. Brigadier R. Ecdes 

n j, and Colonel D. B. Webster were 

Kecepnnns among those presenL 

Sir John Cockney The Loyal Regiment (North 


Invest £1,000 or more which compounds 

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ANGLIA 


n ^ ana i_oicnei u. a. weDster were 

Receptions among those presenL 

Sir John Cockney The Loyal Regiment (North 

The Duke of York, President of Lancashire) 

Federation Aeronautique Officers of the former 4th 


JnzeniauonaJe, accompanied by Battalion. The Loyal Regiment 
the Duchess of York, attended a (North Lancashire), held their 
reception at which Sir John annual dinner at Fulwood Bar- 
Cuckney and the directors of racks, Preston, on Saturday. 

Westland were hosts. The Duke .... . .. 

of York presented the World rSJLcSSSS? (P ^ 

Helicopter Speed Record BriSS^D^StnaTfifid 
Certificate to - Mr Trevor Strea J«Cld | 

Egginton ChiefTcst PiloL West- S£J® n, S fc ,,B 5 r 

land Helicopters. Those present g™* 1 of of 1 R* 

included: Engineers (Postal and Cou 


Mr Geoffrey Panic. Mlntsur of state 
for industry and inromution Tectinoi- 
9 Of-, and Mrs Putte. Admiral Sir 




HIGH INCOME 

SBrmtf 


Lady Hoare Trust 
The trustees of the Lady Hoare 
Trust held a reception at the 
Mansion House to mew the 
Loro Mayor and tire Sheriff 
an d_ to mark tire twenty-fifth 
anniversary of the trusL The 
guests included; 


BUilDiNG SOCIETY 


TryAngfla- 

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^ OFFICE:- MOULTON PARK. NORTHAMPTON NN3 1NL TEL:- (0«K) 495353. 

"WHEN H ALF-YEARLY JNT6REST IS LEFT TO ACCUMULATE RATES SUBJECT TO VARIATION. 



Mdjipuipn. Mr aha Mr® Lranni 
wnuanw and Or WMlfc.. 


Royal Engineers (Postal and 
Courier Services) 

Brigadier D. L Streatfield pre- 
sided at the annual reunion 
dinner of officers of the Royal 
Engineers (Postal and Courier 
Services) held on Saturday at 
Simpscm’s-in-ihc-Strand. The 
principal guests included Air 
Chief Marshal Sir Michael 
Armiiage. Air Member for Sup- 
ply and Organization, Major- 
General C. J. Rougher, Engineer- 
in-Chief (Army). 

43rd Gurkha Lorried Brigade 
Major w. c. Rogers presided at 
the fortieth reunion dinner of 
the 43nj Gurkha Lorried Bri- 
gade held at the Royal 
Autombtie Club on Saturday. 
Brigadier £. D. Smith. 7th Duke 
of Edinburgh's Own Gurkha 
Rifles, was the principal guest. 

Kent Wing ATC 
wfag Commander D. S. G. 
Jackson presided at the annual 
dinner of Kent Wing Air Train- 
ing Corps held on Saturday at 
Great Danes, Hotiingboume. 
Kent. Air Marshal Sir Anthony 
and Lady . Skingsfey were the : 
guests of honour. , 


Marriages 

MrRACopky 
and Miss DM WingGeM 
The marriage took place on 
Saturday at Si Mary's. Great 
Barrington. Gloucestershire, of 
Mr Robert Copley, son of Mr 
and Mrs A. Copley, of Mdbury 
Abbas. Dorset, and Miss Diana 
Wingfield, youngest daughter of 
Mr and tire Hon Mrs Charles 
Wingfield, of Barrington Park. 
Gloucestershire. Canon lan 
Dunlop and the Rev Colin 
McCarter officiated. 

The bride, who was given in 
marriage by her father, was 
attended by Anthony Crosbie 
Dawson. James Bnrgess. 
Annabel and Fdechy Wingfield 
and Emily Sands. Mr Jonathon 
Baker was best man. 

A reception was held at the 
home or the bride and the 
honeymoon will be spent in tire : 
Seychelles. i 

Mr AJ. Allen 
and Miss S. Forbes Adam 
The marriage took place on 
Saturday at the Church of St 
Maty the Virgin. Wylye, Wilt- 
shire, of Mr Andrew Allen, son 
of Mr and Mrs R. A. Allen, of 
Chichester, and Miss Sarah 
Forbes Adam, only daughter of 
Sir Christopher and Lady 
Forties Adam, of 46 Rawlings 
Street, SW3. The Rev Brian 
Thomas officiated, assisted by 
the Rev Timothy Forbes Adam. 

The bride, who was given in 
marriage by her father, was 
attended by Nicholas Woodruff 
and Miss Susan O’Neill. Mr 
Made Gordon was best man. 

A reception was held at 
Deptford Farm House, Wylye, 
and the honeymoon win be 
spent in Scotland. 

Mr BJVL Berkeley-White 
and Mrs EJVI. Flewitt 
The marriage took place on 
Saturday in Sbcpton Mallei of 
Mr Brian Berkeley-White and 
Mrs Elizabeth Rewitt, both of 
Frame, Somerset. 

Mr DJB. Johmuessen 
mod Miss L Asperbeim 
The marriage took place on 
October 25, in GeSo. Norway, 
of Mr Dan Bjorner 
Johaimessen, son of Mr Bern- 
hard Johannessen, ofGeilo, and 
Mrs Herbert Graves, ofLondon, 
and Miss Uv Asperheim, 
daughter of Mr and Mrs Magne 
Asperheim, of Ardalstan^n, 
Norway. 

Mr C. Richardson 
and Miss C Lowsley-WHBaras 
The marriage took place on 
Saturday at St Nicholas* 
Church. Fyfield. Marlborough, 
of Mr Christopher Richardson, 
son of Mr and Mrs John 
Richardson, and Miss Claire 
Lowsley-Williams. daughter of 
Mr Peter Lowsley-Williams and 
Mis Patricia Lowsley-Wfilianis. 
The Rev Graham rorce-Jones 
officiated. 

Ttae bride, Who was given in 
marriage by her father, was 
attended by Catherine Lowsley- 
WiUiams, Vicky Hely-Hutchin- 
sou. Lucy Lombe-Taylor and by 
Tom and Toby Quirk. Mr Giles 
Carlisle Clark was best man. 

A reception was held at the 
home of the bride. 

Starlight Cabaret 

The Princess ofWates. Patron of 
Help the Aged, will attend the 
Starlight Cabaret in aid of Help 
tire Aged at Hilion hold. Wl.on 
Thursday, October 30 at 7 JO 
pm. The cabaret, which will be 
produced by Mr George Brick, 
follows a candlelit dinner. Guest 
stars indude Miss Marti Webb, 
Mr Gary Wilmot and Mr Roger 
de Courcey. with the Brian 
Rogers Dancers and the Tony 
Evans Orchestra. Other 
celebraties attending include Mr 
Les Dawson, Mr Paul Daniels 
and Mr Michael Crawford. 
Tickets are available at £50.00 
each, including a three-course 
dinner, cabaret, souvenir bro- 
chure and dancing until 2.00 
am. from: the Cabaret Office, 
Help the Aged, St James's Walk. 
London EC I (box office tele- 
phone 1 - 01-370 1 125). 

Christmas Rose 
Dance 

Alexandra Rose Day would like 
to point out that tire Senior 
Chairman of the Christmas 
Rose Dance, on December 22 at 
tire London West Hold is Mrs . 
Miduref Brimon. not Mrs Tlmo* , 

thy Bnnton as stated previously, , 


Dr Albert von SrcnKiyor- 
n, who was swarded the 
1*037 Nobel Pnrc for Physiol- 
ogy and Medicine tor jte 
isolation pi vitamin v , died at 
Woods Hole. Massachusetts, 
on October 21 He was 9X 

His interests spanned the 
fields orhrttotogS. phys«fo®f. 
pharmacology, baaenofogy 
and medical chemistry and 
resulted in a senes of nfaior 
discoveries. In addition to his 
work with ascortw acid (vita- 
min Cl von .S/cm-Gyorgyi co- 
discovered the Krebs cycle, 
the complex chemical proms 
by which ceils use citric acid. 

He was born in Budapest on 
September Id. W3, descend- 
ed from four generations of 
scientists on his mother's side 
and a tang line of public 
servants on his father's. He 
entered Budapest University 
in !9H, but his medical 
studies were interrupted by 
the First World War. Drafted 
and sent to the Russian From, 
be shot himself m the arm so 
that he would be able to return 
to his studies. 

Later in the war he was re- 
drafted and sent to the 'Italian 
Front where he protested at 
experiments being conducted 
on Italian prisoners. Hts pro- 
test won him a transfer to the 
( swamps of Northern Italy 
j where a malaria epidemic was 
raging. Fortunately the war 
ended a few weeks after his 
transfer ami he was able to 
return to science. 

He earned a medical degree 
from the University of Buda- 
pest; then taught and did 
research in Holland. Germany 
and Czechoslovakia, and at 
Cambridge, where be worked 
under Sir Gowland Hopkins. 
In 1927 he received a Cam- 
bridge PhD. 

Von S&enl-Gydrgyi had for 
a number of years been work- 
ing on isolating the scurvy- 
preventing properties of 
vegetables and fruits on the 
one band, and the adrenal 
glands of humans and animals 
on the other. He had followed 
the trail to the Chicago slaugh- 
ter bouses where he spent a 
year working on "literally 
ions" of adrenal glands of 
cattle, but managing to pro- 
duce only a minuiequanuiy of 
pore vitamin C. 

In despair he returned to 
Hungary in 1931 to help 
reconstruct the country's sci- 
entific culture, accepting a 
university position at Staged, 
the centre of Hungary's papri- 
ka industry. 

One night, he later recalled, 
his wife served him paprika 
for supper. Fcding ill and 
therefore not wanting to eat it. 
yet also not wanting to offend 
her, he took the meal back to 
his laboratory to analyse the 
paprika, one of the few vegeta- 
bles he had ignored. By mid- 
night he had discovered the 
paprika to be a treasure-wove 
of ascorbic acid, and had 
extracted half a pound of the 
precious substance. 


SIR HENRY OSMOND-CLARKE 


Sir Henry Osmond-Clarke, 
KCVQ. CBE, formerly consul- 
tant orthopaedic surgeon to 
the London Hospital, and 
orthopaedic surgeon to the 
Queen, died on October 24. 
He was 81. 

Henry Osmond-Clarke was 
born at Brookborough, Coun- 
ty Fermanagh, on February 8, 
1905. He was educated at 
pones High School and Trin- 
ity College, Dublin. Afier 
faouse appointments at 
' Ancoats Hospital, Manches- 
ter, and the Royal National 
Orthopaedic Hospital, he be- 
came FRCS (Ireland) in 1930 
and FRCS (England) in 1932. 

The surgical travelling prize 
ofTrinity College enabled him 
to undertake postgraduate 
work at Bologna, Boston, New 
York and Vienna before be- 
coming clinical tutor in ortho- 
paedic surgery and lecturer in 
orthopaedic pathology at 
Manchester Royal Infirmary. 

He was also consultant or- 
thopaedic surgeon to 
Crumpsall Hospital Man- 
chester. and Biddulph Grange 
Orthopaedic Hospital Stoke- 
on-Trenl and he served the 
Robert Jones and Agnes Hunt 
Hospital at Oswestry for 40 
years from 1930, latterly as its 
senior visiting surgeon, often 
going there at weekends after 
busy weeks in London. 

During the Second World 
War he became an orthopae- 
dic consultant in the RAF 
medical branch from 1941 to 
1946, rising to the rank of air 
commodore. His valuable 
wartime work, for which he 
was made CBE, won him the 
support of the late Sir Regi- 
nald Watson-Jones, who was 
chiefly responsible for per- 
suading him to move south 
after the war. 

Before the inception of the 
National Health Service he 
was appointed consultant or- 
thopaedic surgeon to the 
London Hospital in 1946, 
with similar staff appoint- 
ments at OWchurch. Black 
Notley. Tilbury and East 
Grinstead hospitals. He later 
became consultant orthopae- 
dic surgeon ur King Edward 
VH Hospital for Officers. 
London, and to Kins Edward 
VII convalescent home at 
Osborne. Isle of Wight 
Though not a prolific writer, 
he published a number of 
important papers and contrib- 
uted to several surgical text- 
books. Before the Second 
World War he had been 
elected a Hunterian professor 
of the Royal College of Sup*. 
geo ns of England in 1936. aqd . 


later gave staunch service to 
the college, serving as a vice- 
president from 1970 to 1971 

He was also president of the 
British Orthopaedic Associa- 
tion from 1964 to 1965, and 
was ejected an honorary fellow 
of it in 1978. As chairman of 
the accident services review 
commission for Great Britain 
and Ireland from i960 on- 
wards. he was instrumental in 
promoting significant im- 
provements in hospital acci- 
dent service. 

He was a highly skilled 
operator of fine surgical judge- 
ment, and above all perhaps, 
an outstanding teacher. He 
was orthopaedic surgeon to 
the Queen from 1965 to 1973. 
a post which - thanks to the 
robust constitution of his 
patient - was more honorific 
than onerous. He was made 
KCVO in 1969. Long after 
retirement from his hospital 
work he continued in private 
practice. 

Osmond-Clarke was a 
charming, companionable 
man. with a small beard and a 
voice than never lost its Irish 
lilt. To his many friends and 
colleagues he was always 
known as “Nobby" Fishing 
was a favourite pastime, ana 
he also loved travel 

A natural diplomat, he had 
a remarkable memory for 

people and an unerring in- 
stinct for the right thing to say. 
His reputation was almost as 
great in the United States. 
France and various Common- 
wealth countries as it was at 
home. 

He married, in 1936. Freda 
Hutchinson, a medical gradu- 
ate of Manchester University. 
She survives him with their 
two daughters. 

VISCOUNT 

BEARSTED 

Dr Lionel Kachan writes: 

■ A prominent facet of the 
fate Viscount Beamed's char- 
acter (so well described in 
your obituary of October 16) 
*?$ his attachment to War- 
wickshire and to Jewish 
scholarship. 

As Lord Lieutenant of the 
county he wasablc toeombine 
this dual allegiance through 
his contribution to the estab- 
lishment in 1968 of the 
Jfaarafed Rtaferahip in Jewish 
History at the then newly- 
formed University of 
Warwtck. • 

. This unique post has ever 
since been a valued. feature of 
the history department 


Apon from ns cheapness, 
the pure vitamin C was. bv a 
simple injection, effective' m 
the treatment of diseases that 
had hitherto baffled H'ientists, 
among them purpural 
haemophilia, pyorrhea and 
Addaon's disease. 

By the outbreak of the 
Second World War he hid 
turned from plants to muscles. 
His research was marked by 
the discovery of certain con- 
stituents of muscle, arranged 
spirally one around another. 
Working with minced pigeon, 
breast muscles he shoved how 
metabolism occurs m animat 
bodies, opening speculation 
on the question of the capacity 
of animals to change thetr 
habitat at will. 

With Professors J. Banp 
and F. B. Straub he played a 
key role in isolating aciin and 
myosin - two proteins in- 
volved in muscular contrac- 
tion - making threads from the 
complex formed by the two 
proteins. "Seeing this artificial 
bundle contract.** he later 
wrote, “was ihe roost exciting 
moment of my. scientific 
career." This research was 
vital in understanding how 
oxygen ts used in the produc- 
tion of energy. 

During the war. von Szent- 
Gydrgyi seemly helped to 
mediate between the British 
and Hungarian governments. 
He was arrested by the Nazis 
but escaped and. with (he help 
of the Swedish government, 
evaded the Gestapo until he 
was rescued by the Red Army. 

After the war he lived ui 
Hungary until 1947 when he 
emigrated to the United 
States, where he was director 
of research at the Massachu- 
setts Institute of. Muscle Re- 
search at the Marine 
Biological Laboratory at 
Woods Hule, Massachusetts. 

In his later years \ on Srent- 
Gydrgyi's research focused on 
cancer, the disease thu took 
the life of his first wife and his 
daughter. His cancer research 
took place in a controversial 
field be called "quantum 
biology 1 *, and he was scientific 
director of the National Foun- 
dation for Cancer Research 
from 1975 until his death. 

In 1972 the Muscular Dys- 
trophy Association awarded 
him the first Distinguished 
Scientist Award. In a 1978 
volume entitled The Living 
Slate and Cork er, he outlines 
his theory that cancer is a sub- 
molecular electronic distur- 
bance. Other works include 
Health and Disease (1939). 
Muscular Contractu m (1947) 
and Science. Ethics and Path 
Ha ( 196$. He was an outspo- 
ken cntic of American 
involvement in Vietnam. 

Von 5tam-Gyorgyi was a 
creative and daring scientist, 
who thought big. A keen 
fisherman, he preferred to use 
an extra-large hook, saying: 
"It’s more exciting not to 
catch a big fish than not to 
catch a little one". 








19 







THE TIMES MONDAY OCTOBER 27 1986 


PERSONAL COLUMNS 


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OSMOM’-t I ARKE 


. MJUY - On 23rd October. In hosnf- 
. taL aged 88 years. Frederick wmiara 
Baika> of 46A Kent Road. Harrogate. 
Dearly loved husband of Gladys. Ser- 
vice at St. Wilfrid's Church 
Harrogate on Wednesday 29m Octo- 
ber. at 12 noon, followed by 
Interment, at StonefoD Cemetery. 
Flowers may be sent to Swalnsons. 
Harrogate. 

BARR - Jotui Stuart on Friday 24th 
October in hts 90th year. Much 
missed by hts wife Barby. daughter 
Ursula and his three grandchildren 
Adam. Jason and Cathy. 

■CARD - On the 23rd October. Jean, 
beloved wife of Geoff and much 
loved daughter, sister and aunt. Cre- 
mation at Woking Crematorium 
- l lam Wednesday October 29th. All 
friends welcome. No flowers. Dona- 
tions If destred to The Phytlis 
Tuck well Memorial Hospice. 
Waveriey Lane. Famharn. Surrey 
GU9 8BL. 

BEWOTT • On October 21st 1986. 
suddenly at home. PhyDts Maureen 
mee de Sarami beloved wife of Mi- 
chael and mother of Alice and 
Cflhan. Funeral Service at SUtwUng 
Church. Kenton Wednesday October 
• 29th at 2.15 iun. followed by private 
cremation. No flowers please but do- 
nations If. desired to the National 
Trust. 36 Queen Anne's Gate. Lon- 
don SWiH 9 AS wlU be 
acknowledged. 

■RAY - On October 23rd 1986. Vidor 
Henry, beloved rather of Jane and 
Sarah, peacefully after a short Ill- 
ness. ‘ Cremation at Putney Vale 
Crematorium on Tuesday October 
28th- at 1.30 p.m.. Family flowers 
only please, donations If desired to 
the Cancer Research Campaign. 2 
Carlton Howe Terrace. London 
. SWlY SAR. 

HBAN - On October 23rd peacefully hi 
Severnaia Hospital. Joseph Edward 
Sbewefl. dearly loved husband of 
Nancy, loving father of Robert and 
Mavis and much loved grandfather 
of Genevieve. Richard and Sarah. 
Cremation at Tunbridge WeUs On 
„ .Thursday October 30th at 2 pm. 

Family flowers only. 

CNA5TCZN - On October 1 9th. 1986. 
And!, beloved husband of SleBa Kes- 
wick 

CHOLMONDOXY ■ On October 23rd. 
peacefully at home. John, beloved 
husband of Cristina and father of Jo- 
anna and Oigrim. funeral private. 
COATES - On October 12m 1986. 
peacefully, fat Melbourne AustraBm. 
Lady mee Patricia Anne FWief). 
Loving and dearly loved wire of Sir 
Ernest Coales. loved daughter of the 
late Mr and Mrs Charles Fisher of 
Brookmans Pack, loved sWer of 
Geoffrey and sister in law of Gabon 
end fond aunt of Michad and Thom- 
, as of St Albans. # ; 

COCKE - On October 22nd at SL Moni- 
ca Home. Bristol. Richard Alfred 
■ MAE. in h« 71 st year. Funeral l ser- 
vice M St. Monica Home at 2.15 on 
Tuesday November it th fallowed by 
cn ninttwi« 

DAWS - On 22nd October X986. wa- 
Uam Henry of Billericav. much loved 


n»2r * cecuy 2 ? °*- 

HMrt Churt ^- 
™JJ* WfmWedon. Swig, at 12 
™°° on Thursday 30th October 

FtoEEU 0 ? *i5y taey Vaie al 1 P™’ 

Ato£^r^.& >, J? n1s FUDerali MO 

WX - On October 23nl 1 986. sudden- 
SUfe.®* Henry Robert Dunlop. 
W1 7». beloved husband of Brenda 
and dearly loved father of Loveday 
****■ T5»l«Kvlng Service. 
SL Maiy > Church. Eauboumr. 
MldhursL Sussex, on Thursday SOU) 
Ortober at 3pm. No flowers please. 
Dotations if desired, to RNU. 
"OpSOM - on October 24th. afler long 
junms. Frank, of Dormy Pool. 
Saxmundham Road. Atoetourgh. 
Sunolk. Much loved by Ids wife. 
Nancy and children. Andrew and 
Sarah. Funeral at Aldebtirgh Parish 

Church on Friday 3tst October at u 

am. Family dowers only but dona- 
tions wotddbe appreciated to The 
Treasurer. Friends of Aldeburnh Cot- 
tage Ho spUal. Aldebtugh. Suffolk. 

HOPPER ■ On Ochmer 24th in EaHng 

HosNiM. Edward George. Freeman 
a nd Form er Treasurer of me London 
Borough of Ealing, and a Public 
Loan Commtakoer from 
42X3 9 ??' ” U5bant l of Amy and 
Elizabeth. Christopher. 
Stephen and Clare. Requiem mass on 
Wednesday October 29th at 12.00 
noon a t Eat ing Abbey followed by 
imvair cranall lon - No flowers please. 

T 0 " S4th October 1986. 
. Lady Elizabeth Keppef. A.RJLG. 
pttcefully at home in her 97th year. 
The^euwed wUe of the late General 
Sr Torqimu G Matheson. Baronei. 
K.C.B. CJ4.G . late Cotdstream 
Ouwte and mother of Torquhll and 
Fergus. Funeral al SL Mary's 
Church. Market mui woodbridge 
Suffolk cm Thursoay 50Ui October at 
11.30 odock. followed by private 
cremation. No flowers please, but do- 
»«Mons to the British Red Cross 
Society. Theatre Street. Woodbridge 
would be much appreciated. Infor- 
matlon from Messrs E B Button. 24 
a. John's StreeL Woodbridge. Tel. 
03943 2160. No Memorial Service. 
OS MOND CL ARKE - On 24th October. 
Peacefully bn hospital. Sir Henry 
Osmond-CUrke t Nobby ) K.C.V.O.. 
ORE.. F.R.GS. Cremation at 
Ookters Green crematorium ( west 
Chapel ) on Friday 5tst October al 
12.00 noon. Family flowers only. 
PWU>- On October 22. suddenly al 
home. Margaret Feted ty. nte Hutch- 
inson. aged 54. Beloved wtfe of Or. 
Sandy and much loved, mbther of 
Bruce. Jane, and Alastair. Funeral 
service al St Pauls Church. Brent- 
ford. Middlesex, on Thunday 
October 30th at 2 pm. to which an 
. mends are invited. FamHy Rowers, 
but donations If desired to: MIND. 
Appeals Director. 22 Harley SL Lon- 
don WIN ZED 

STERLING - On October 15th 1986. 
very peacefully. Edward Anthony, 
infant twin son or Peter and Sara 
Sterling Of Fort Worth Texas. A pri- 
vate Funeral was held at DunafoM 
CburdL 

TANDY -on 24th October, peacefully. 
Major MJAO'C. Tandy. M.BJE1. of 
Fulbrook. Burford and Coolatore. 
Ireland. Beloved husband of Pamela, 
father of Alannah. Virginia. Simon 
and Mark and much loved grandfa- 
ther. Late of the Indian Political 
Service and f ormer l y M.F.H. West- 
meath Hunt Funeral at Fulbrook 
Church al 2X0 cm on Tuesday 28th 
October, followed by private orema- 
- bon. His ashes wot be taken, to 
Cootaiore. 

1URKHUD - On 2 1st October, after a 
long illness. David John Ackroyd. 
aged 73. Funeral on 4th November 
at 12 noon at the Putney Vale Cre- 
matorium. Family flowers only. 
Donations U desbvd to Royal Star A 
Carter Home. Richmond-an- 
Thames. 


ANNOUNCEMENTS 


SHORT LETS 


OVERSEAS TRAVEL 


RENTALS 


RENTALS 


PUBLIC NOTICES 


Charity Commission 
Charity of 

Lilian Beatrice Wilman 


SERVICED APARTMENTS In Kciwingla*- 
Co* T \ 24 hr Sw Trtex. ColUaenani 
AMrtmmh. 91.373 6300. 


Thr Charily CoH m oww dtodcbc* 
la make o Srbnnr for tin* Cnunty 
Owlet « thr drefi Scheme may be 
otaamrd Iron form fret: 206S44- A/l 
LSi at si' Aioan's House. 57-60 
Haymarket. London SwiV 40X. 00- 
HVMltvaM tuggnhora may be teiti to 

Him wimin enr month trtxn today 


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THE LONO/ SHORT LET wrcuusn. We 
Iwnr it for srtertwn of liotuiY 1/2/3/ 
a Bedroom flats with nudunKs. Inte- 
. nor drugivd a rottraUf focaied. Avail 
Now Comuupii Properties 737 3060 


MARIA VALE, snore large comfortable 
Oat wim female O/R. nr all iranspen A 
faniillev Non smoker peer £300 pan 
tin I Ol 289 1102. 


TEUfi FORD 0/R. prof m/I. n/s read 10 
share hsr with female owner, au 
laruues. Cl 20 PCM tncl. 01 sao BOBO 


from the British Humanist Ass. 1 Reg 
Otarm-j 13 pnnre of Wales Terr. wa. 
PDHY VMBRF1 WMrh 10 buy and when 
10 sell. Fire drolls PSF IDCM. TlMi 1 1 
Bfomlkld Street. London EC2M 7AY 
Ft ML 1 C. kmm man. (Tumi SwaNU. 
Albanian: oowertut molorcyele. seeks 
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THANKS to SI. Jud* for (non grated. 

PubUraUon promued. 



syoutv 

PtRTH 
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>URAISHI 


270 Earn Court Road. SWS 


01-244 7353 


tRmiRNiSHED FLAT in onv ate Garden 
6q. 5W7 Nrwiv redrr met rpu * cur- 
lallK. X bed. 1 rreepiton. tttfhn MIX 
rookrr « IrMgei. bath. C130 pw. Co lei 
Reoenrv House Properties CM 937 37X0 


CORPORATION Of THE SONS OF THE 

CLERGY 

Thr Annual General court of Governors 

nf Ihr CorporalHM mil Or neM al lamontl 
PPLireon Thursday lSIh Novemoer 1986 

al 12 00 noon i w the election of 
Gov mwis and lor filling iiuannM the 
Court of AtsniauN under tor Charter of 
King Charles tl. 

Gmeruon otamunq to altend «MuM 
oirasr ranurt Utr Regiurar fof fuH 
patltrtdarv. 

1 Dean Trench Street 
London SW1P 3HB 
Tel <91> 7993696 


ffiiS * * K 

B8EM * -* S HUNG! 

** SOUTH UAfflCA tf 
* USA * USA * USA *USA * 


UTTLC VENKC/MBUa Vale W9. Bemtl- 
fulh- wanna 2 dU bed BOW. 2 baths 
Mill shower, brand new Idl. tiw 

toting/ dining, overtooklng sunny Wl 

noil oan 1 mm wm. inm iubr4 Man. 

A stonoAvg residence available 6 mrtio to 

3 yrv C250 nw‘ 01 2897469 


BATTERSEA. CXvarmUio Vic Iw Octet 
uiiMlkm 2 dun bedims, siudv/bed. 
OMr trren. dtn/m. k a B. Qdn. Well 
lurn Cl 75 pw Lipfriend. 499 5334. 


CmXSEA Ortfohinn 1 «M newly decufax- 
rd flat with pal to Co Long Let. £225 
p vv Goddard 9 Smito 01 930 7321. 


SUNWORLD TRAVEL 

(Esfd 190) 

M South SL Epsom . Surrey 

fOJ737i 275W25S30/27 100/ 

. 2S315/2483J/26097 


STM HCHHMTON. SupertaUre unfur- 
muied brand new interior downed 
mansion Dal a bedrooms. 2 bathrooms. 

WC. 2 laror rerrvuons. study. UKhen - 

aU tnaemnev. un. residents porter and 
video entry phone. Co Long Let- two 
p w Goddard A South- Ol 930 7321 


DRHSMOREODMS. Attractive Studio mi 
wtto oatlmed orurm. sep Ml A Mi wr rm. 
c_l 7 4 ow VorkdaJe Sccuriln Ol S89 
9226. 


BIRTHDAYS 


ZUM m wuntctii a us Her 
germanlBhen Alnler-Metropote 
. tn» angrtsachslsriie Ale- 
Paradtes der 1 8FC cut 
frOMKfic* Prou 



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any other agency 

PLUS 


Aurarl tee. 3 bedims. 2 


recce, kit. tatn. w*. odn 5 Miu lube. 

20 nun & Ken. £126 pw. UfMnepd: 


MMMBATE. DrtfoMM 4 bedim Me. 2 
bdlft. (Mr leccp. LH/dln all mam. oor. 
«dn. Close lube £280 pw. Unfriend: 
499 5334 


Fas, expea high-tech service. Free 
worldwide hotel & car hire pass 
' • up to 60% discounts, 
lmmurtsaiioa. Insurance, 
Foreign Exchange. 

Map & Book Shop 


BEAUFORT ST SWS0. Smart, comfo rt - 
able, modern 19 fir tM 1 reeeoUoa. 
double glared, excellent ML 1 douMr 
bed With bath en sudd Avail 6 months 
+ C22S pw Oo let. Geo. Jo9ln: Ol 361 
0821 


MARBLE ARCH 2 Bedreomed Mews Hse 
. * 2 Car Garage. NIL outgoings. 9 year 
lease irrmwaweL £47.000 Clayden A 
Stuart 957 3165. 


MEMORIAL SERVICES 


MOORE - A service of UrnnkagMag for 
the life and work of Henry Moore 
OJH- CH. wflj be held to WestmlD- 
ster Abbey al noon, an Tuesday 18 
November- 1986. Those wbtung-to 
attend are tnvlted to apply for tickets 
fa writing to: The Receiver. GaneraL 
Room 18. 20 Dean's Yard. Westmin- 
ster Abbey. London SW1P SPA. 
enctoring b stamped addressed enve- 
lope. by not later than Tuesday. 4 
November 1986. Tickets wffl be post- 
ed on Tuesday. 11 November 1986. 
All are w el co me to attend. 

REARCTED- A Memor ia l Service wm 
be held to give thanks for the Me of 
Marcus Richard Samuel. 3rd Vis- 
count Beamed on Wednesday 5th 
November at 5 pm. at the Liberal 
Jewish Synagogue. 28 SL John's 
Wood Road. London NW8. Parting 
available at Lord's Cricket Ground. 


husband, father and grandfather. Fu- 
heralSt St. Mary Magdalen. &ea* 
BunMad at 2 p.m. on Thursday 30th 
-October. 

B9BO - On October 24m 1986. Chfto. 
peacefully after a short Illness, much 
toved hosband of Sheila and dear fa- 

,ther of Marilta and Peter. Family 
'Bowen only. Donat io ns if desired to 
Arthritis and Rheumatism Council 
-IARCL 41 Eagle St. London WCI 

*. mar. 

eoUMMORTHY On October 18th 
1*P6. Maptair Roger, of Chelsea 
Htoor Studios. Cremation at 
• Mdrdaka Oematoflum Ctuswtck on 
October 31st at 250 pm. Farnfly 
flowers only. Enquiries to 0322 
* ' t*oo*p 

JMRMN'flRLAYSON - On 24Ui Octo- 
ber 1986 wexpectedty. Robert aged 
todays. No letters please. 




(MR top- 

r- 

r- « t*--' 


IN MEMCHUAM - PRIVATE 


ROACH • Arnold. Ten yean hove 
passed since tie died, yet he remains 
• very much aBve In the hearts and 
minds of Dse. Maggie and Ns many 
Mends. 

STAMP - In loving memory of our 
mother Katharine. Lady Stamp, who 
died 26th October 1988. EUzabcth. 
Veronica and Jessica. 


SILVER 

ANNIVERSARIES 


■CMKAD-SMSONS On October 27 
1961 at St Mary Abbots Church. 
London. David to Crystal 


Science report 


wnr 

WIG r-. - 

**U * 


mm 

#' lii 

ff.. 

1 tv- < 

*1 . 

. . .p> » 

Itr- |r-: 
-T .IV 


Victorian benzene 
theory is revived 


ByKeitbHindley 


to ■*» 

Mjm 


Modem theories for the ring 
siruciure. of benzene, which 
ft>nns the- central part of 
preparations of drugs, such as 
aspirin, and products ranging 
from heavy-duty plastics to 
mao-matfe fibres, are wide of 
the mark, according to a group 
: of Europeah chemists. 

This simplest but crucial 
-member of the family of so- 
called aromatic compounds 
mosrdosety resembles the 120- 
year-old ideas of the German 
chemist. August Kekule von 
Stradonia. 

Applying the most advanced 


arrangement of the bonds be- 
tween the carbon atoms, with 
single and double bonds 
alternating around . the ring. 
Kekule believed this arrange- 
ment explained the stability and 
reactivity of the simplest aro- 
matic, benzene. 


computer techniques to analys- 
ing the structure of benzene in 


3 ; c;- 


1 * 


JP- H- 

- W v r 

rip* w- 


Mm 

I* 

m- 

P : -m *v- 


\ I s4 ° [ 

iff ^ 


its many manifestations. Dr 
David Cooper, of Liverpool 
Univeishy, Dr Joseph Goran, 
of Bristol. And Dr Mario Rai- 
raondi. from Milan, have con- 
cluded that ' modem theories 
have, done little but fog our 
understanding of aromatic com- 
pounds, They believe ii is time 
10 think again. 

Their revelation could be 
considered a fundamental 
discovery since the application 
of Reload** ideas cap not only 
explain many of the strange 
properties or aromatic com- 
pounds but can also provide 
-insight into the unusual elec- 
trical behaviour or some poly- 
mere which the scientists have 
observed. 

Aromatic compounds include 
a mass of induscrialiv and 
medically important molecules 
which contain the familiar ring- 


shape. with an even number pf 
carbon atoms lauttina six or 


i ' 1 J* 


caroon atoms icuanmg six or 
more. They are generally stable, 
inert and the simpler com- 
pounds do indeed have herb- 
hkc aromatic odours. 

They were fust studied in the 
nineteenth century and in 1S65 
Kekule proposed. a hexagonal 
shape for benzene; comprising a 
six-membered carbon ring. Bui 
the omentf aspect of the struc- 
ture for the .chemist is the 


their own iaus *jiu « 
each compound was -a mixture 
of the two ways of drawing 
alternate single mid double 
bonds in a rmg. Such ideas were 
later given firm foundation in 
modem theory, and referred to 
as resonance hybrids, meaning 
.hey were rapidly switching 
between the two Kekule forms. 

Even more soph isu cated later 
notions involved the develop- 
ment of what is called molecular 
oSlKOO" JtKre. Jte doubte 
and single carbon-cartton bonds 

become indistinguishable. ■ 

Dr David Cooper and bis 

colleagues have reported, in 
A'mwehow thou- computations 
of the electronic structure of 

aromatics are explained not 
by molecular orbitals at all but 
bv something far closer to 

vfokule's 1865 ideas. 

They believe that double and 
single 'bonds really do alternate 
and switch between two forms. 
This would explain why. one 
part of an aromatictnolecule 
Sn have profound effects on a 
Slant part of the same mol- 
STom of the Kekule forms 

to ahravu better at generating 

h.sinn'ucncc and » long ran^ 

effects are best seen as shifts in 
SETmIhc* between the two 

r °rEse new ideas may prove 
roit useful in understanding 
how organic polymers ran be- 
wmc a conducting or even a 

suDcrconducung nwdmm. It 

allow chemists to 
SSlgn new polymers that could 
hVxe optimum conducting 
properties. 

Source-' Satmv (London}. voL 

3^^6990986). 


s-> i 


i!w 



nUPBMB. lfl>7 or Mamagr An age*, 
vras. OaMniP. Orot <Oi 6) 23 AWngooa 
ROM. London W& Tel: 01-930 1011 

TRADE BERTS recovHM by So- 
union. MaUooMkte. th. 01 
273 8201 

C AL IBRE are Ud professional curriCV- 
Itun liter dorumrntt. Drtaus: 01-031 
3388. 

CAMTAL CVs prrpMV Mgn Quality rvrrtc- 
union liters. 01-607 79OB. 

MOUf rounsrUing for womnv Small 
group M by private and profass i ona i 
iterranM/psycnotogM. Work on anxiety 
or bcfiailour probteros Into Rlw n n 9- 
Stetl: Trt. 01 435 6246 


BAJLHAM Prof m/f. than anracitop nai 
wMh Qdn. O/R- AH AnwtUUcN £40 PW. 
Cxrt. Trt: 673 6678 irvcl 
BELSRAV1A Luxury apartmroL ran pro- 
tototonai Innate, non snoker preferred. 
- f lOOpw. Trt23B 4648. 
rntl. ICA • awry walk own room for 
Innate in r te gaid OaL AH apolte wre a In- 
runted £66 pw end. Trt Ol 333 6258 
CLA PRAM prof girl to share luxury flaL 


own room, to snare aU faculties Cl 70 
pern. TcCOI 380 1090 U/phont) 
CLAPRAM COMMO W / Battersea. Share 
home. CH. Single room. Ca&ow. doi 
room C70pw. Prof only. Ol 223 7262. 
EALING B*WAY Prof F N/S. to Share lux- 
ury (IP. O/R. Ol. £240 peso rad. TM 
Ol 579 4732 after 6 PIP. 

HOLE END Charming 2 bed ronagr. Gas 
CH. amL 1 Ntn ember to end Marriv 
£50000 pan. 01 226 0420. - 


rd hfon- tern from the supplier wtui 
ten ire. 01 77B 6127 


— J OC E . London School of Bridge and 
Club. SB Kings Road. SW3. 01-389 
7201 

COMVET AMONG by f uliy ouaUlted SoMcf- 
lors. £180 + VAT and standard 
disbursements ring OCM4 319398. 


TRAILFINDERS 

The Travellers Travel Centre 
4248 Earls Court Road 
London W« 6£J 
OPEN 9.9 M0N-FR1 9.6 SAT 
Long Haul 01-603 ISIS 
Europe/USA 01-937 5400 
1st Business 01-938 3444 
Government Licensed/Bonded 
ABTA lATA ATOL/1458 


HBBIT Mk floor Oat wtm lovrty vtewa. 
Newly interior drsfoned teronglioiJt. 
Becw/Dmer. orate Bed. KtL Batn .Balco- 
ny. Porter. £260pw tec CH/CHW. 

hw woe 82S1. 


P4RI BPWlf TERRACES, SWl Newly der 
sunny rial in luxury desetopoieni. Dote 
Bed. R-cep/ tuner. KU merlooMng Gar- 
dens. Bate. C200pw Oootes 828 8251. 


OC. VERE OHMS W8. Mod town lag. Fan- 
tasitr tereuon 4 u e diiua . 2 bams. 2 
reerps. super fn KU. prrtlr courtyard. 
Recommended. £400 pw. Llpfrteod: 
4998934. 


w onmw o hill gate. Fomnaied 2 bed. 
rial I dht. silting room. kHrtien. bath- 
room. CCM. ovr der order. £150 pw. 
Trt. 0935 872320/8731 1& 


SWl Smiths Suture. Quiet SC studio 
apartment, ronvenlenl rtty and Wert 
Did. £600 pan InrL Trt 771 6668 or 
222 1833 


DOLLS MILL Sapern 3 bed 
extended vrow. Lux furnished- Separate 
hath, down and WC Mod. klichen. 
£0n walled grdn GCH. Garage. 
£185pw 1 yr man KLTefcO! 4826011. 


R O BE RT nrVMG + BURNS Mfen wW 
uon of llbts A houses tn the City. 
kntgntsbrMge. Kenslnrton. Wimbledon 
and other areas Ol 657 0821 



WANTED 


RE SP ECT A BLE young My mndre* ar- 
romnoMlan with family m rentral 
London In exctiange for evented 
babyrtitkng • drtil household dottes. Re- 
ply M BOX D81 


OUR piano nas finally died. Does yours 
need a new home? Poor midfcil family 
urgently seek ms rare me nl. Ilmny >0 
COIteCt. Trt. 0865 882174. 


W ANTES Rival oooagr tn Herts Max GO 
miles no rth of London. Price mg 6-12 
months let. Phone 629 2282 day or 
evening. 

JEWELLERY. COtd. Steer. DlraondS ur- 
gently wanted. Too prices. William*. 43 
Lamb* Conduit SI WCI Ol «06 863a 

WANTED Edwardian. Vlnonan and a8 
painted furoimre. Mr ANdan Ol 947 
0946. 667-669 CamB Lane. EartsIleM. 
SWI7 

WANTED Edwardian. Victorian and an 
painted furnMure. Mr Ashton 01 947 
3946 667-669 Garralt Lane. EarWtrtd. 
SW17 




977 MSI The number to remember 
when seeking bert rental properun ui 
central and prune London area* 

CL30/E2.000pw 


VmnNO LONDON /FARM Allen Bairs A 
Company have a laror srlectlon ol flats 
& houses as'anabte for 1 weeks- from 
C200PW. 499 1666. 


DISCOUNTED FARES 


OVERSEAS TRAVEL 


Return Return 

Jo'burg/Har £466 Douato £420 
Nairobi £390 Sydney £760 

Cairo £230 Auckland £786 

Lagos £360 Hong Kong £990 

Del /Bombay £350 Mtaml £530 

Bangkok £360 And Many More 
AFRO ASIAN TRAVEL LTD 
162/16 6 Regent SL Wl 
TEL; 01*437 82S6/6/7/8 
Late A Group Bookings welcome 
AMEX/VISA ACCESS/DMERS 


PUTNEY / Barnes Luxury SC new|y Inte- 
riorly decorated, fu Uy eouipocd (tat 
aiatlaote un m ed w iety in preawd o tn 
new Mock. 1/2 bedrooms. From £120 
to £160 pw 01 878 7766 


W9 AltrartKe. spactous. SHU lesrf one 
bed flat stripped pine floors. Recepooo. 
kit and bath. Gas CH. Sull couple. £108 
n/w. Trt Ol 960 7433. 


H4RPIN LCISLBr LIMITED 
. NOTICE IS* HEREBY GIVEN UvU al an 
Extraordinary Genrral Meeting or the 
aboie-namrd Company duly cornered 
and held on 30th Onober 1986. a Special 
RertXulion way pawed 10 apprtn e the pay- 
ment of £300.000 (mu 04 uie rapuid of the 
Company lor the purpose of acoumng 
lour of IK Ordinary- snarei bv a redemp- 
tion The 5taiuiary Declaration of me 
Dtrertory and Ihr Auditors report re- 
quired bv Section IT3 of the Comnanira 
Art 1985 are available tor inspection at 
the Company's regnirecd office and at any 
lime within live weeks Immediately tol- 
Iowhmi the date di me aloremepuoned 
Resolution any Crnbior 04 the Company 
may apply to Hie Court under Section 176 
01 the Companies An lor an Order pronuy. 
mug Ihr payment 

THOMAS EDWARD HARVEY 
DIRECTOR 


£200 - £L000 pw. Tefc Burgees £81 
6136. 


IMMEXDON SW19 4 bed fully funv. dole 
gge town tor in prestigious rrrtdenlial 
area, dose to shops ft undergni. Oo let 
only £300 PW 493 £716 


TAORMINA, SICILY £149 


FLIGHT SAVERS 


FOR SALE 


1 


Sperm -LATE BtROS“ Whiter Offer 
rtf booked wkWn 7 days of droort irel 
Pnmnrtudn rrlin Cstwick Ugbl every 
teed llara. transfers, afrport tax. 7 lUghis 
bed a breoklart bi |wm room wtm- prorate 
oah/ shown 4 wa 14 Notes al £219 
Smote room al 06 per week. No Hidden 
Lite Oflee Vahd S November 1986 la 
23 March 1987 nootect to avrttabUKyl. . 



£99 

Munich 

£89 


£109 

New York £289 


£74 

Nice 

£99 


£79 

Paris 



£74 

Rome 



Toronto 

£219 


£99 

vrnn 



£85 

Zurich 


AVOID DSAPOfNTMENT 



■niPE Pm* NWS - Light, aflrartlve. 
modern 2 bed balcony rial with gch. 
.£160 pw .Tel 346 9227 I evert 


DOMESTIC & CATERING 
SITUATIONS 


UII0NT19RIDTE MR. Penthouse. Roof 
terrace crooking Park. Dote reerp. 4 
beds. 3 baths. Call Really 01-681 0012 


CORDON BLEU 


YOU’LL BE FLOORED BY 
OUR PRICES -AT 
RESISTA CARPETS 


ISLAND SUN 01-222 7452 


■ BOOK FOR XMAS NOW! 

Many More Routes AvraUahte 
ABTA Ol 405 7082/403 8042 


LONO/SHONriXIS Mr the widest range 
of I to4 beds in nats/hoides. For view- 
ing now Pniace Pr op er ti es 01-486 8926 


Required to join Clare in our 
quality bistro/restaurant. 
Preferably one year's amihr 
. experience: ■ 


Wicandm beruiOf id natural car* Ute*. 
-Xxtremrty hart wearing uie braf mon- 
ey can buy £8.96 per so yd -*- v«L 
Mrrakaton sehrt gfle cared 14 ptofn 
colours. Buftt to underlay 12* wide 
from stock . 7 year wenr guarantee tor 
home or office. £4.78 per sq yd ♦ v»l 
-P tea the larges sH ecu o n of plain car- 
petmg In London. 

148 Wandsworth Bridge Rd 
Pare o n s Green SW6 


TRAVEL 

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SodrI adnes and purencs c 
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SPKtALI ST&O IB VCTLCTBpe 
(03727)0550 

LOW COS T ECONO MY wauwro 
(03727)42739 
Dan 72102. UTA _ 
Itenta rt tbe teddoKn of Tnvel S Toumdi 


LOWEST FARES 

Pans £69 N YORK 

Frankftot • £60 LA/SF 

Lagos £320 Miami 

Nalrorn £3ZS Singapore 

Jo-tmrg £460 Bangkok 

Cairo £206 Katmandu 

Dei/Bom £536 fl aagaa n 

Hong Kong C510 Cakuua 

Huge Ddroimb Area an 1st AOubC 



Call Stephen Hamson 
. 0722-28402 


IN THE HIGH COCRT OF JUSTICE 
NO 006461 of 1985 
CHANCERY DIVISION 
COMPANIES COURT 
tN THE MATTER OF 
EAST PACIFIC LIMITED 
AND 

IN THE MATTER OF . 

THE COMPANIES ACT 1988 
TT IS ORDERED THAT OraM William 
Boon of Friary- Court. 65 Crutmcd Friars. 
London ECSN 2NP. Chartered AOcoun- 
lanL- -6e and is hereby appointed 
Liquidator of the said Company logriher 
with a CammiRre of Inspection. 

Dated this 6Ui day of March 1986 


□CPCRncSD CHALET 8RL renumed to 
ran n wh il flo ut In vestter for most of 
the coming season Clan 3 to Apr 181 
Private party - weekends only. Phono 
Isotool Rend on 489 1893 mythne ooiyk 


SUN El SAND 

21 Swallow SL London Wl 
01-439 2100/437 0637 


rooms -+ garden. £360 pw. 01-Z7B7821 
or 01-278 OHS. 


■—GB.Tg.U9M h n d otty 2 bedroom s on- 
clous character Rat. £130 p.w. 
Ol 240 7908. 03 


NB—y. Experie n ced daily nanny uraent- 
ly requtrrd in sw London. 2 toddlers. 
Presmi nanny rerommoiuk. T« 01 735 
1852. 


IN THE MATTER OF 

GORA * COMPANY i IMPORT A 
EXPORT! LIMITED 
By oraer of the High Court of Justice. 

dalfd 3 Octobor 1986. 
CVMi WALTDj njelD of SI James's 
House. Char tour* Street. Manchester Ml 
«pz. has been apnotnied Uquidaior of uie 
abose named company 

Dated 16 October 1986 
CYRIL WALTER NJELD 
LIQUIDATOR 



UP UP & AWAY 


Nairobi. JfTBurg. Cairo. DubaL 
Blanbul. Singapore. KJ_ DelM. 
Bangkok. Mono Kong. Sydney. 
Europe. * The Americas. 


Flamingo Travel, 

TBSnaftesbury Avenue 
London W1V7D& 


01-439 0102/01-439 7751 
Open Saturday 10.00-13.00 


NEW LOW FARES 
WORLDWIDE 

AMMAN S235 KARACfo E2B0 

BOMBAY £340 LAGOS £330 

CABO £705 MIAMI £283 

DELHI £355 RCh* £105 

FRATURT 05 SEOUL EMJ5 

MONO KONG £490 SflWMEL UBS 

ISTANBUL ET70 TOKYO £580 




01*790 9560 


B WKBT END pim and Houoes Ud to For 
8ate/LoL Davts Wooifo. Ol 402 7381. 


SKYLORD TRAVEL LTD 

2 DENMAN STREET. LOWON Wl 
Tit m-439 3SJ1/80C7 
AIRUNE BONDED 


WJUB Oat super must be seen, dbte 
bdrra, CH. W/mach. Co LeL £130 pw. 
Tel 01 736 5765. ’ 


wide. TH U-TX- 10733) 837036. 


CHAPPELL PIANOS 

EH 1B11 of B ond S treet 

SPECIAL OTTERS ON EXISTteiC 
REFURBISHMENT STOCK 
AVAILABLE UNTIL OCT I80l 

9.7% TYPICAL APR 

eg 25°» deport! batenre repayable by 
24 eaurai monthiy umahnems al 6^ - 
flat tnterrtl rate p^. 

CHAPPELL OF BOk33 STREET 
SO NEW BONO STREET. LONDON. Wl 

01-491 2777 


01 441 lilt. 


MORO CC O BOUND. Regent SL Wl Ol 
734 6307. ABTA/ AM. 


ABt TICKETS SMtfaUNs New York £229. 
LA/San Francisco £329. 

Sydney /Met bourne £769. All dsuy di- 
rect flights Donate ISO Jemyn 
Street Ol 839 7144 


DBJRZE PARK NW3. Bright IN floor flat 
newlv rriurotslfed and attractively dec. 
2 bedims. 2 reerp rros. it m wuh ma* 
cMnes. oaUirm with shower, cunununai 
gdn. shoos A transport a fingertip away 
from IMS tree lined street- Company let 
£175 pw. Day: 244 7363 Eve: 4630713 



TO MARCL5 DEYERILLE late of 46 
Brunswick Court. 89 Regency SlreeL 


London SWl 
A Petition 1 


offers ra/hratos. doing, all WNn staff. 
UK. A Overseas Au Mr AOenIS Lid. 
87 Regent 81 London W.l 01 439 6034 


A Petition for dliorre has been Med 
againsa you . If within one month you nai e 
not communleatod with the Croydon 
County court al the Law Courts. Barclay 
Road. Croydon 'quoting reference no. 890 
18221 the Court may near the case with- 
out funner nonce 

RG. GREENSLADE 
MARCRET A BROWN REGISTRARS 


SOUTH AFRICA lor Chrtstmto Special 
rates. Major Travel, oi *80 9237 lATA 


a» l CU TT ER S ON - BNBN/haN to Co- 
nte. LSA A mart desl inaiions- 
DtPlomBl Travel: 01-730 2201. ABTA 
lATA ATOL. 


DOMESTTC A CATERING 

smJATiONS wanted 


CHEAP FLIGHTS Worldwide. HaynortEel 
Ol 930 t366. 


H99MI 1981 Lost case. £600. TeL Ol 
267 0896 


A B RO AD . Depart 21 Nov. 


DISCOUNT FARES Worldwide:- 01-434 
0734 J ore ter Travel. 




Twichasrawarld. Ol 8*2 7806 or ROMS 
Ol 892 7861. 

LANZAROTE- Potro del Carmen. Hfoto 
standard apes wifli pools. Puerto veniu- 
ra. Tenerife' unspoilt resorts. Nov -Aprs. 
109231 771266. Tbisway Hohdays. 
ABTA ATOL 1107 

VALEXANDCR EarencdB Sun Fights. 

01-402 4262/0062- Vaiemnder- Coro - 

peume worldwide fares. 01-723 2277 
AMs AMI traia Acceas/Vbn- 
UHM AMOB C A Low cost flights c.g 
too £485 Lima £496 rtn. Also Smai 
Croup Holiday Joarneysjeg Item from 
£3501 JLA 01-747-3108 
LOW FABES WORLDWIDE - USA S. 
America. MW and F8r CasL S Afrtea. 
Trayvate. 48 Margaret SlreeL Wl. Ol 
980 2928 rvsa Accepted) 

MUUBL lAhUOCA MLTORK. Worldwide 
detonations. For me cheapest fares, try 
r» 16 RKhnaood Travel. 1 Ouk* SlreeL 
Richmond Surrey ABTA 01-940.4073. 


BROMPTON PARK SWG. Superbly fUted 
and lorn nai In new devefopmeol- Prof 
tandteape gdns with owfmrMno poof, 
sauna A gym. 2 bedims. *2 naDinus. 
reerp wtts balcony. fT kw. parking . 
SKOpw Day: 244 7353 Eve: 7200333 
CMEI.STB Smith St. SW3. Newly dec 2 
bed 1st floor fiat. cn. etec. oaa 6 clean; 
log I nr Co M only £270 pw. For 6 
months + Short let ay neg. Ayaaaote 
now Trt Trnry or Rowena 01 629 
2791 Mob • Fn no aoenU m. 
ro" *** SWX Losrty 3 bed. 2 recep 
period house wim c ons e r vatory, and 
roof terrace on three levers. To tel un- 
. furnished with carpets, curtains and au 
machines. £450 pw. Buchanans 361 
7767 

COLUNGHAIR RD SWS. Very pretty flat 
lusl been re decor ate d- Nr Gtouceater Rd 
tube. 1 dbte wmn. recep. Q kH with 
washing machine, foshwasher etc. bam 
with shower, video entry. «*e of private 
gdn. CM Co let. £138 pw. 244 7353 


CNBUPFEUR/ Valet / Houseman. Stogie 
man aged 46. al present wtm Royalty 
requires position to family or rtngte em- 
ptoyer. London or country. Ex c e l lent 
references. 25 ran experience private 
service, nody to BOX D71 . 


IN THE MATTER OF EAST LONDON 
ANTIQUE RESTORATION CENTRE 
LIMITED 

Bv Order of the High Court of JuMKe 
dated I he teui day of July 1906. Mr 
Mrtvyn L Rove. FCA of LMgra House. 
260 Klnotturv Road. London NW9 DBS. 
has been appomteci Liquidator of Uw 
above-named Company without a 
Com nrit lee Of trapecuon 
Oaird uus 16U1 day of October 1986 . 


fe erin i w l gg page 26 


To Place Your 
Classified Advertisement' 


Please telephone the appropriate number listed below 
between 9 a.m ana 6 p.m. Monday to Friday, 
or between 930 am and 1.00 p.m on Saturdays. 


am (FRBUCO) Wrtl m«d ON «WL rtBWt 
person wr couple, recep. wim oven pt™ 
ML. I bedroom, bath, roof terr- PCM 
etc. £116 P*V + “to. irt 821 0637. 


Private Advertiser 
01 481 4000 


Courchevel only £239T FU) a ehftkf and 
OP FRED Ring Ol 244 7333. 




Topte we am beat k* 

We fund ooer ooe dnrf rf ill 
i h ui A into the p cet eaD oo and, 
obc of cuccr m.Ae UK. 

HdpnbyjodaiidgBriM 
or Brie 8 legacy m 

Cancer 

Research 

Campaign 




far Lao- Australia. CaU the 
profreognaB ABTA lATA cc rxcroted. 
Trt 01 254 5788 

WO TOTAL. Oiairts, hotels, ants. Pre- 
Xmas Specials. Xraas/N.Year vacs ♦ 
snow go ter. Oropp agen ts. 0932 
931113. 

WHITER SUN Specials prices to Cyprus. 
MaUa. Morocco. Greece. Malaga A Te- 
urnte on a Nov Fan World Houdays 
Ol 734 2562. 

AUCRMTE, rare. Malaga «c Dunond 
Travel ATOL 1783. Ol 581 4641. 
Horsaam 68641 

CAMABBf Spam PonuraJ na«y. Oreece. 
Madrid (r £57 Trt. 01A34 -1326 ATOL. 
Air Brargalm 

CUROTE/WORLD MK lowest fares on 
Charter /Scheduled ns. PIM FIlgM Ol 
631 0167 AN Ahd 1893 

HONG KDNB MB, BBNONOK £369. 
Mnoapore C457 Other Ft Cites 01-664 
6514 ABTA 

HONG KONG JOT. BANGKOK £369. 
heuaranorr CA67 Other TC elites. 01-584 
6514 ABTA 

SPAM P primal Canaries Greece Italy fr 
£60 SunwbivL 01-454 4997/8. 

ATOL 1776 

STD /MEL £636 Perth C56S. All mala r 
Cdrttert to Aus/NZ 01-684 7371 
ABTA 

TURUNIU 20/21 Dee- s/io Jan Xmas 
vpertai £240- New York fr £106 o/w 
AW6v Tdors T#l Ol 267 2092 ABTA 

ALL IK CITIES Lowes! fares on major 
srbrdulcd rarnrn. 01-564 7371. ABT A 


ORE FROM SKI LIS ALFES VerMrr. 
Mrnort. vutors. Megpre. comfort, ser- 
vice. greaL stoma. Phone 01 602 97o6- 


vcrsily A Brtush Museum Telephone 

Hrten Watson A Oo. 680 6275. 


WEST KE teM N G TOW WA Newly con- 
verted- sunny A DrtgM 2nd floor IRS In 
pnsune cundUtoo. 5 mtns from lube, 
large dbte Drdrm. open plan tounge/tUL 
OaUirm. WC. Ob Irt. £136 pw. Day: 244 
7363 Eve: 998 3184 
AMERICAN BANK urgently mjarw lux- 
ury nnts/horam. Oebg- 
bridge. B elgrav ia areas. £200 - £2000 
pw. Borgem ERmte Age no SBi bijs 
CLAPHAM COBMION. Sparkws abed. 2 
bath house In pretty street off Common, 
smartly decorated with alt mod egg- 
Suit 5 sharers *• 1X225 

pwi. Burtianaas: 361 7T6T. 

FULHAM. Attractive 3 bed 2 bato modem 

town house with targe S.W . taring Dal- 

nmy. walled garden and 9km«-AJi 
mod cons- Aim mw 1260 

pw. Burhananw 361 7767. 

MARLCY ST. Wl (ofO- RW unc. ana- 
SSLs l bed. flaL P/b buto. Suit cnupto. 
FuHy nttea. Must toe seal. £180 pw. Trt: 
Ot TM 8086* 


Birth. Marriage and Death Notices 


Ol 481 3024 


Birth and Death notices may be accepted over the telephone. 
For publication the following day please telephone by 1 JO pm. 
Marriage notices not appearing on the Court &. Social page may 
also be accepted by telephone. 


CHELSEA light tuxurv balcony flaL tge 
recep. dbte bedroom, mil porter. Long 
M Trt: 01 622 3825. 

CHnsra Lux. Rw in modern block. 2 
beds. 000 pw me. CH. Caretaker Tel: 
Ol 361 7481 level 


WEEKEND or Weeks Honeymoons or 
2na Honeymoons . Discover the Mas* 
a mil's romanhr ritrev in Autumn or 
Winter CaU Ol 749 7449 lor your 
CREL fotovu hCnrbnre MaQiC of Italy 
Dept r 47 Nnegheros Bush Green. Lon- 
tkm. W12 BPta 

TAKE TIME OFF to PPrts. AnKferdam 
Brussels. Braws. Geneva. Berne. Lau 
vmw. Arrtetv. The Hague. Dublm 
Mun. floutoqne 4 D i eppe Time Oil 
2a. Omin Oose. London aw IN 7BQ 
Ol 236 8070. 


ALGARVE ALTERNATIVE 
The fmesl homes lor rental 73 St 
James bl. bW 1 Ol 491 0802 


HEROTGTDIL WB. BargWn of the week 
Mod 2 bed fl*L l’- b«M. gge- PonerM 
Worts. C226 pw 9SB 9612 tTI 
LUTED HOUSE Lambourn. Bents, d bed 
rooms, fully moder n ised, widen. Min. I 
tear Let. C«?5 pra Trt a 0488) 72686 
LOMXBf LET*. Stud/1 bed from £120 
pw 2/3/4 bed mi flats A houses from 
C200 pw Phone 01-491 7645 fT) 
LUXURY SERVICED PLATE, central Lon- 
don l ram C329 pw. Ring Town Hse Apts 
S73 3433 

MAYFAIR HYDE PARK. The most luxuri- 
es font/ short Ms 1/6 beds oesl prices 
Ol 936 9512 fU 

6. KEN. Exrtime beeutHid newly dec dr 
turn 3 bed flat Maid. CH. cot tv. wash 
mrarh rtr Suit Executive 573 0793 
TEDOtNGTOtf. Pleasant s/r flat overlook 
mg park 1 bed. 1 recep. kk b.CH.grge 
£390 prm Ol -892 8577 
Wl vunrtv first floor (tot Rerewton. twin 
bed. kite hen A bathroom. C125 p.w 01 
362 5o7S <T) 

WALTON ST StBterti newts- dour apart 
merit, fame retepUon. doubte bedroom. 
kAB. patio. £200 pw. 589 1799 
WEST KEN A Secretion of charnxng 1 6 3 
Bed ape > l/nun C12DCIBGpw uie Ol 
679 1896 'Tl 

WHEEL DOR 2 donbir bedronme d frrty 

turn Hat with CH- OoW 036 Pw #47 


HOLLAND Park, sunny ItaL attractively 
turn 6 newly der. o/tookmg pm gar- 
ams. Large recep. tote and we beds, 
good MB. CH. C toe tube £175 pw. 
Tel: Ol 229 7788 

ITALIAR iflLLAGE Fulham road. Charm 
mg newly deroraied mefoonette. 2 beds 
living room, dining ««"■ Wctien. por- 
ter. rommunal gardens. £300 per week 
Trt Oi 381 S6Z3 

AltUHdTOrt HOUSE Overiootdra Green 
Park, now* RMS- Prestige 2/ 3 bed 
fiat. to to 8yr tease. No premium Peter 
W Burkhuret A Go. 01-680 7011. 

BEMR A RUTCMOFF tor hixurv properties 
In St Johns Wood. Re 
cits Park. MMda Vale. Swiss Coo ft 
Ham pM rod 01-686 7561 

BERKELEY 5QUARE. Superb smeious 
famHv apt. Brand new. 4 beds. 3 huge 
recess. 3 batok. luxury flmsh. 938.9512 
iTL 

HMWSTEAVS Excepuonal ClBOnw flat 
with spacious Lounge. I Double & 2 Stn- 
gir Bedroom*. Dun no hsh. tv. GCH. 
286 8040 'Tl 

HOLLAND PARK small but charming 
room o/tookmg garden. Shower, kitcti- 
enetir Clovr lubr. Suit weekly 
ronu nuler £56 pw Tei 01 2297788. 

Niuunw changing setectfon of fur- 
lushed llau 4 homes, tram CiSOpw 
G3-CXK> m Kr-nslngign & surrounding 
atras Benham A Bran 01-938 9822 

KEHSBWTON W8. Inlrrettmg isl Floor 
■ Lux Mats KM bed. for rec. Ui/diner 1 
nun HH«I 61 C17SPW met 938 2395 

Kington l«. Furnished flaLone 
Ocdioom.loungr. kllcncn. 

bathroom tarW-imr Norbllon Sfaflon 
C260 prm Trt. Ol 1977 9962 


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THE TIMES MONDAY OCTOBER 27 1986 



Jeffrey Archer resigns 
over prostitute pay-off 


1 

. * T. .. 


.ryw!'^ 


« 


Continued bum page 1 

Mr Archer said yesterday 
that some weeks ago he had 
received a telephone call from 
a woman calling herself 
Debbie. She had said that a 
“client’' of here was saying 
that she and Mr Archer had 
met in Shepherds Market and 
had an association. 

Though he had denied any 
association further rails had 
followed claiming that the 
press was pursuing the 
woman. 

He added: “Foolishly, as 1 
now realize. I allowed myself 
to fall into what 1 can only call 
a trap in which a newspaper, 
in my view, played a reprehen- 
sible part. 

“In the belief that this 
woman genuinely wanted to 
be out of the way of the press, 
and realizing that for my part 
any publicity of this kind 
would be extremely harmful 
to me, and for which a libel 
action would be no adequate 
remedy, I offered to pay her 
money so that she could go 
abroad for a short period and 
arranged for this money to be 
paid over to her.” 

Afterwards Mr Archer’s 
solicitor. Lord Mishcon, who 
met him yesterday at his 
Embankment flat, said that be 
was considering the legal 


situation very carefully and 
advising his client to make no 
further comment. 

Mrs Thatcher, whose per- 
sonal apppimment Mr Archer 
was. was said yesterday to be 
saddened by the news of his 
departure and to have ex- 
pressed her sympathy for him 
and his family. 

Ministers believed that the 
damage to the party's image 
was likely to be only tem- 
porary. But some of Mr 
Archer’s friends pointed out 
that a greater damage might be 
to the party's finances. 

Mr Archer has proved a 
potent fund-raiser for the 
Tories, twinging in hundreds 




Monica Coehlan, received 
envelope ful of £50 notes. 


of thousands of pounds in his 
travels around the country. 

MPs were not rushing yes- 
terday to comment on his 
resignation. Bui Mr Peter 
Brumvds, Conservative MP 
for Leicester East, said: “It 
was a strange resignation 
statement to make.1 hope he 
will bring in the police now to 
dear his name.” 

Mr Bruinvds added that it 
was inevitable that Mr Archer 
had to go. "As a Conservative 
party we don’t deal with 
prostitutes. We are a. party of 
the highest morals and no 
deals must ever be done with 
people of dubious character.” 
He added: “Because be has 
done the honourable thing 
and gone. ! don’t expect any 
lasting damage to the party.” 

Mr Archer drove back yes- 
terday afternoon to join his 
wife Mary and their sons 
William, aged 14, and James, 
aged 12, at their home at 
Grantchester. near Cam- 
bridge. 

Earlier Mrs Archer bad said 
that she was folly standing by 
her husband and that if he 
were forced to resign over the 
issue it would be “a monstrous 
miscarriage of justice”. She 
said the conduct of the woman 
involved in the story was 
“despicable”. 




A milli on Africans 

set to die of Aids, r 

world experts say 

■ . . .. - S «rurv 








Continued from page 1 

are likely to develop the 
illness. 

The report has been written 
by four doctors from the 
United Slates and Belgium. 
They say that prevention will 
be hampered by the fragile 
economies of most African 
states under which hospital 
budgets arc too small to buy 
the necessary -antibiotics or 
provide disposable injection 
equipment. 

The doctors say: “The costs 






The doctors say: “The costs its toll on the hearth or 
of caring for 10 Aids patients mankind'*, the repon 
in .the United Stales (about concludes. 

$450,000) is greater than the The four researchers are 
entire budget of a large bos- among the most 
pitaJ in Zaire where up to 25 able about the impact o> toe 
per cent of children and adult disease in Africa: Dr Jonathan 


further dissemination of HIV 
infection. . __ 

-Unless the financial re- 
sources to suport i»t tonal 

information about Aids .re- 
search including . v . a ***”5 
development, antiviral treat- 
ment and prevention pro- 
grammes. arc shared among 
scientists and pubhc heal© 
officials of all countries. Aids 
will continue to spread 
throughout the world exacting 
its toll on the health of 
mankind”, the report 
concludes. 

The four researchers are 




Syrians rail at Britain 


Continued from page 1 

Damascus for home 
yesterday. 

The stage thus seems set for 
a period of mutual hostility 
and distrust between - Syria 
and Britain although both 
countries probably real ire that 
the affair cannot be pursued 
much further The US knows 
that Syria, for all its sins, is a 
power-broker in the Arab 
world and a party to any 
future peace treaty. 

Diplomats in the region also 
appear convinced that no 
Western government would 
dare take military action 
against Syria nor try to stage a 
coup against President Assad. 
Syria is not Libya and Soviet 
support for the Syrians and for 
Mr Assad is a good deal more 
serious than it is for Colonel 
Gadaffi not least because 
Soviet missile crews are man- 
ning the air defences of 
Damascus. 

“The British Government 
made a big mistake when it 
joined the American-Isradi 
campaign against Syria and 
the Arabs.” the Syrian state 
radio said in a commentary 
“Therefore it will have to pay 
the price of this hostile step 


Today's events 


Princess of Wales attends 
the Women of the Year lun- 
cheon, in aid of the Greater 
London Fund for the Blind, at 
the Savoy Hotel, 12.35. 

Princess Anne attends the Air 


based on lies, allegations and 
deliberate provocations.” 

The radio added that Syria 
“reciprocates friendship with 
friendship, and answers to 
each aggressive act the way it 
deems hl” Britain had pro- 
duced no proof of. Syria's 
involvement with the El A1 
bombing “for the simple rea- 
son that Syria denounces ter- 
rorism and condemns it and 
does not allow iL” 

The theme of Syria's inno- 
cence was taken up by Mr 
Faro uk el-Sharaa, the elo- 
quent Foreign Minister in 
Damascus who told a news 
conference that Syria had 
“done nothing wrong and that 
the British Government could 
not bring any evidence to link 
Syria with terrorism.” 

He rejected the statement 
by the British Foreign Sec- 
retary. Sir Geoffrey Howe, 
that Nezar Hindawi. the Jor- 
danian convicted of the at- 
tempted bombing, had 
contacted the Syrian Ambas- 
sador in London after his 
scheme misfired. 

In Libya, a statement from 
the Foreign Affairs Bureau 
refereed to the British break- 
off in relations as “an exten- 
sion of organized tereorism” 


League annual reception, in aid 
of die Air League Education 
Trust, in the Martini Terrace. 
New Zealand House, 
Haymarket. 6.30; then attends a 
banquet, in aid of the Great 
Ormond Street Hospital for Sick 
Children, at Guildhall, 7.5ft 
New exhibitions 
Antarctica; Continent for sd- 



The Times Crossword Puzzle No 17,187 


ACROSS 

1 The salesman who told 
Shelley of Ozymandias? (9). 

6 Liabilities of a girl coming 
out the back way (5). 

9 Carrier of speaker's gift an 
Irishman returned? (4-3). 

10 Jazz singer in comic role in 
the Empire State (7). 

11 It’s the same even without 
its central characters (51 

12 Allusion to soldiers having 
barrier for self-protection 

(9). 

14 In marsupials, a capacious 
pouch (3). 

15 Injured kestrel with a red 19 

flc(ll). . 

17 Transmute indigenous 

plant, with possibility of 
choice (ID- 

19 Follow with a better collec- 
tion ai the meet (3k 

20 Morning diversion with no 


3 Do 5 mere forms add fic- 
titious details? (9). 

4 Drunken greed in false me- 
nial leads to trickery (11). 

5 Make fun of a woman hu- 
morously (3). 

6 Put off loudly interrupting 
15’s game (5). 

7 Repeatedly strike and steal, 
say. being a Bohemian (7). 

8 Cease to admit a certain 
creditor to the plant (9). 

13 Quiet island in story is all 
the rage now (Ilk 

14 A fellow in scorching 
surroundings, like the An- 
cient Mariner (9k 

16 Man accompanied by cock- 
nev woman — a noted band- 
leader (9). 

(8 Plant for 1 7 erected in 5 <3- 
4k 

19 Break a curse, a terrible sort 
(7k 


20 Sototfm a Mycenaean king 21 Californian dty finally ob- 
Rr. lams animal from Africa (5). 

22 Regarding, an area of medi- 23 Second such fish to create a 


Li RSBUUI *.*". T-r- 

caj specializauon (5). 

24 One very recently in quar- 
antine (7). 

26 Wanderer's resting-place r in 
Paris where »t s sophis- 
ticated (7). 

27 Longing for food, settled on 

a starter (5). 

28 Go too for across a stretch 
of water (9k 

DOWN , 

1 Cotton fabric goes up end- 

lessly - makes us apprehen- 
sive (5k _ . . 

2 Mikado, perhaps. A second 
one with a muscular twitt* 
(7k 


smell? (5k 

25 For example, initially one- 
self(3). 


The Solution 
of Saturday’s 
Prize Puzzle 
No 17,186 
will appear 
next Saturday 


Concise Crossword page 14 


and urged all Arab countries, 
as well as Iran, to cut dip- 
lomatic ties with London and 
follow Syria's decision to close 
its airspace and harbours to 
British planes and ships. 

The Libyans themselves 
have had no relations with 
Britain since a British police- 
woman was killed outside the 
Libyan “People's Bureau” in 
London. 

Outside Syria's few allies in 
the Middle East, there was 
scarcely a murmur of support, 
a silence which spoke volumes 
about Syria's reputation in tbe 
rest of the Arab world. 

Tbe Kuwaiti Cabinet com- 
plained that Israel was exploit- 
ing the tension between 
London and Damascus but 
.repeated previous assertions 
that Kuwait has always “con- 
demned all types of ter- 
rorism.” 

The English-language Egyp- 
tian Gazette was the only 
Cairo newspaper to comment 
on the affair. An editorial 
accepted the evidence of Syr- 
ian complicity in the at- 
tempted bombing and slated 
that “Britain's action in break- 
ing with Syria has now put it 
into the frontline in European 
efforts to combat terrorism.” 


Vv; 

* 

SC-'-:"* i 


admissions may have HIV 
infections.” 

In addition necessary reduc- 
tion of the number of sexual 
partners, the screening of 
women of child-bearing age 
and tbe contraceptive counsel- 
ling for infected women are 
“extremely complex” issues 
requiring skilful health ednea- 


oisauc ixi — - 

Mann, who is now director of 
tbe World Health. Org- 
anization’s Aids project in 
Geneva, was recently based m 
Kinshasa. Zaire, and was for- 
merly at the Aids research unit 
and the Centre for Disease 
Control in Atlanta. Georgia, 
in the United States. 


requiring skilful health ednea- The others are Dr James 
tion and the full support of Curran, also from the Atlanta 
government agencies. centre; Dr Thomas Quran of - 

Tha Mlinml MA.mw nk_ iha I K Nniinnal InStltUtC OI * 




The national resources re- 
quired are insufficient in 
many African countries, the 
doctors say. ^Consequently an 
international conceited effort 
wQ] be necessary to prevent 


the US National Institute of 
Health. Bethesda. Maryland; 
and Dr Pieter Piot, a. leading 
microbiologist at tire Institute 
of Tropical Medicine in 
Antewerp, Belgium. 



Millio ns to go on 
new campaign 


I *J 


















Top job: The massive British Telecom satellite receiving dishes at 
Goonhilly Down in Cornwall need painting all the year romid and Mr 
Dennis Setiey shows the calm nerves needed for the work as he han^ from 
the No3 aerial 100ft above the ground (Photograph: Harry Kerr). 


Continued from p^e 1 

menl to tackling Aids, which 
has now killed 250 people in 
this country and infected an 
estimated 50,000 men and 
women, would produce re- 
sults. 

“Ministers said the same 
thing a year ago, but nothing 
effective has been done," said 
Dr Charles Farthing, a reg- 
istrar at St Stephen’s hospital, 
Fulham, south-west London. 
“Every Aids doctor working in 
London has been pressing for 
a television advertising cam- 
paign for years, but we have 
been ignored.” 

Dr Farthing emphasized 
that Aids was no longer a 
homosexual disease and was 
rapidly moving into the 
heterosexual community. Lat- 
est estimates from New York 
show that . one women is 
infected for every two men 
and .in Central Africa. the. ratio 
rs one to one; : 

The percentage, of those 
developing, the disease is also 
increasing.. Dr Farthing es- 
timated that al least 50 per 


cent of those with the virus 
would develop the disease but 
over a longer period it could 
be as high as 100 per cent “At 
feast one hundred people be- / 
come infected every day. We *j 
risk losing millions of fi ves.” 

Officials - in the United 
States, where 15,000 people 
have died of. Aids, are now 
urging that all Americans, 
including children are taught 
to protect themselves from the 
disease. 

• A Hariey street doctor’s 
theory that the vine was 
artificially created by Ameri- 
can scientists was shot down 
by Aids researchers yesterday. 

Dr John Sole, a venereal 
disease doctor, claims that he 
has evidence that technicians 
created the virus by com- 
bining a sheep vims with a 
human leukaemia virus. 

. Bat Dr Angus Dalgfeisb, a 
blinical . scientist at the 
North wgpk Park Hospital said 
foal the chances of being able 
to mate such a unique virus 
were"aeiti’V’ 




THE TIMES INFORMATION SERVICE 


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ence; Art Gallery & Museum, 
Kdvingrove. Glasgow (ends Jan 
8k 

Work by Peter Toms; The 
Gallery, 20 Durngaie St, Dor- 
chester (ends Oct 30- 

Places: paintings 1960-1985 
by T P Flanagan; Fermanagh 
County Museum, EnaisiuUeo, 
Mon-Fri 10-1. 2-5 (ends Dec 
12k 

Weak by 30.top contemporary 
artists; Jonleigh Gallery. The 
Street. Wonersh, Guildford 
(ends Nov 1 5k 

Exhibitions in progress 

Eye Music: the graphic art of 
new musical notation: Hudders- 
field Art Gallery, Huddersfield 
(ends Nov 29>. 

Work by Carola Gordon and 
Kathleen McLeLIan: The Open 
Eye Gallery. 75 Cumberland St. 
Edinburgh. Mon-Fri 10-6, Sat 
104 (ends Nov 12). 

40 works by 5 landscape 
photographers; Sudley Art Gal- 
lery. Mossiey Hill, Liverpool 
(ends Nov 23k 

Glasgow in the Forties: by 
William Simpson: Provand’s 
Lordship; Glasgow (ends 1 
Nov). 

Music 

Concert by Segovia; St 
David’s Hall, The Hayes, Car- 
diff. 7.30. 

Liszt - giant of the romantic 
keyboard: pre-concert talk by 
Prof Wilfrid Meilers. 7.0ft and 
A Lizst celebration by Tamas 
Vasary (piano), Walter Moberiy 
Hall. Keele University, 
Staffordshire. 8. 

Roads 

London and South-east: A3: 
Serious delays due to a burst 
waiermain at the junction of 
Roehampton Vale and Stag 
Lane. A212: Roadworks in 
Gravel Hill, between Abbotts 
Green and Kent Gate Way. lane 
restrictions in both directions. 

Wales and West: A31: Bypass 
work between Ringwood and 
wimboroe. traffic restrictions at 
Canford Bottom. 

Scotland: A9: Outside lanes 
closed on both carriageways at 
Find horn Bridge, south east of 
Tomatin. A 82: Progressive 
resurfacing at various locations 
between Spean Bridge and 
Invctgprry. single line traffic 
with stop-go boards in use. 

Information supplied by AA 

Motorways page 5 

Bond winners 

The winning numbers in the 
weekly draw for Premium Bond 
prizes arc £100.000: UHL 
713674 (die winner lives in 
West Sussex). £50.000: 8ST 
620423 (Devon). £25.000; 22 RP 
941050 (Surrey). 

Parliament today 

Commons {130k Debate on 
Scottish Nationalist Party and 
Plaid Cvmra motion on regional 
policy. 'Dehaie on Opposition 
motion on changes in immigra- 
tion rules. 

Lards (2.30): Financial Services 
BiiL third reading. 


Nature notes 


YeUowhammen are leaving 
the hedges and reed buntings are 
drifting away from the water- 
side. These birds gather in small 
flocks in the fields, where they 
will roam aboul until the spring. 
Some reed buntings will go over 
to France. 

Tbe most sedentary of the 
British finches are the bull- 
finches, who stay in pairs and 
rarely go far from their breeding 
territories, though the males are 
bright red. black and white 
birds, they are not often seen in 
the dense bushes they frequent, 
but arc only heard calling with a 
low. musical note. 

The most common birds on 
ponds now aro cools and tufted 
ducks. Many birds of both 
species have just come in from 
Northern Europe. Coot fly 
clumsily with a lot or splashing 
when they first try to get up from 
the water, but they are powerful 
on the wing and manage the sea 
crossing without difficulty. The 
tufted duck has yellow eyes that 
shine like glass. 

There are orange or scarlet 
berries on woody nightshade. 
White dead-nettle will go on 
flowering while the weather 
stays mild. and red campion can 
still be found. 

DJM 


Remembrance day 

Remembrance Sunday this 
year fells on 9 November. The 
customary Two Minutes Silence 
will be observed from 1 1 27TL 


The pound 



Weather 

forecast 

A trough over northern 
and eastern areas will 
clear from the N, bat 
continue to affect south- 
ern areas. A further 
trough will approach the 
NW later. 


Yugoslavia Dnr 


Ram tor sraafl danonsnabofrbanlc no tw i 
only as supplied by Barclays Bank PLC. 
Different rates apply to travellers' 
cheques and other foreign currency 
business. 

Ratai Price Index: 387.8 

London: The FT Index dosed 1251.fi 19 

at 17. on Friday. 


Anniversaries 


Births: Desaderins Erasmus, 
in the Low countries, c. 1466; 
Captain James Cook, Marion 
Yorkshire, 1728; Niccold Paga- 
nini, Genoa. 1782; Theodore 
Roosevelt, 26th president of tbe 
USA 1901-09, New York. 1858; 
Dylan Thomas, Swansea. 1914. 

Deaths: Ivan the Great of 
Russia, Moscow, 1505; George 
Moriand, landscape painter, 
London. 1804: Use Meitner, 
codiscoverer of nuclear fission. 
Cambridge. 1968. 


Times Portfolio Gold rules arm as 

loOtws: 

1 Times Portfolio b free. Purchase 
of The. Times is not a condition of 
taking pan. 

2 Times portfolio Usa comprises a 
group or puwjc companies wnose 
shares are listed on live Slock 
Exchange and quoted in The Times 
Stock Exchange prices, nape The 
companies comprising that usi will 
change (ram day to day. The llsl 
1 which 19 numbered 1 - 4a 1 is divided 
into four randomly dtslrlbuied groups 
of 11 shares. Every Portfolio card 
contains two numbers irom each 
group and each card contains a 
unique set of numbers 

S Times portfolio -dtvMeno' will -be 
me Ugurr in pence which represents 
Uie optimum movement in puces tl.e. 
the largest increase or lowest krssj of a 
romntnation of etghi Uwo from each 
randomly drslnbuWgrotm within the 
m sharesi of the 44 sharn which on 
any one day comprise The Tunes 
Portfolio list. 

a The dally dividend will be 
announced each day and tbe weekly 
dividend will oe announced each 
Saturday In The Times. 

S Times Portfolio Ust and details of 
I the daily or weekly dividend win also 
be available (or inspection al the 
offices of The Times 

to If Ihe overall price movement of 
more than one rombuiauon of shares 
equals Ihe dividend, ihe prize wm be 
equally divided among the claimants 
holding ihose combinations of shares. 

7 All claims are subject to scrutiny 
before payment Any Times Portfolio 
card that is defaced, tampered with or 
incorrectly ponied in any way win be 
declared vend 

8 Employees of News Inirmauonai 
pic and its subMdiarm and of 
Curowinl croup Limited 'producers 
and distributors of (he card) or 
mem be rs of their immediate families 
are nof allowed to plat Times 
Portfolio 

d AU parUripanis will be sutdecl lo 
ihesr Rules All instructions on "how 
to piav" and "howjo eiaim" whether 
published in The Times or in Times 
Portfolio cards will oe deemed lo b* 
pari of I hoe Rules The Editor 
reserves Ihe right to amend the Rules 

IO In any dispute. . The Editor's 
dec&ion is final and no corrcspon 
deuce wiu be entered into. 


II If for any reason The Times 
Prices Page ts not pubttshed In the 
normal way Times Portfolio wsu be 
suspended for that day. 

„ How to play - Deny Dhrtdead 

On each day, your unique eel of eight 
numbers wui represent co m mercial 
and Industrial shares published In The 
Times Portfolio list which win appear 
op i be stock Exchange Prices page 

In the columns provided next to 
your shares note (he price change (+ 
oi c in pen ce, as published in that 
day’s Times. 

After listing the price changes of 

all eight share ch an ges to give you 
your overall loMpmcr minus i* or ■ 
s 

CheckyouroveraU total agahM The 
Timm Portfolio dividend published cm | 
the Sock Exchange Prices page. 

I f your Sir 1 * 1 total matches The i 
Times Portfolio dividend you have 1 
won outfight or a stare of the total ■ 
prize money staled tor that day aito 1 
F"u* <“tm your prize as instructed ! 
below. 


Add these together to determine 
your weekly Portfolio total. 

If your total matches the published 
weekly div Wend figure you have won 
Quinary or a snare of the prize money 
staled fori ihai week, and must claim 
your prize as instructed below 

TdghM TlM^naSs 

taJHMMn betwee n tempt and 

we maw mn be a coe p m d —Mi tha— 
hows. 

You must have your card with you 
when you letephone. 

If you .are unable id telephone 
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but I hey must have your card and call ' 
The Times Portfolio claims line 
between ihe sUMaied limes. 

_ No raponsibiUiy can be accepted 
for failure to contort ihe claims office I 
lor any reason within Ihe stated . 
hours. 

Tito above instructions are an- I 
pticable to both dally and weekly 
dividend claims. 



heavy .at time 
strong to gak 
toSwmooen 

11C K2F1 . 

Out look for tmiKuTO W a m i 
Wednesday: Cloudy wtfi rain in trie 
S on Tuesday, but brighter with 
scattered showers to the N. Sumy 
intervals and showers on Wednes- 
day. heavy and wintry at times over 
northern Mb. Temperatures near 
normal in the Shut rather cold in ihe 
N. 


Sw nh i r Sunsets: 
8.45am 444pm 


■hHI 3.02 pnr 12.18am 
New moon.- Novsmber 2 tomor row 

Lighting-up time' 

London 5.14 pm to 6.16 am 
Bristol 523 am » &2B am 
Ecfinburgh 5 .14 pm to 6.40 am 
Manctnitar 5.17pm to &30 am 
Penzohc* SJX pm to &35 am 

Yesterday 

Temperatures at mkieay yeatartteiTc; 
cfoudif. iaut r. ram-, a. sun. 

C F C F 

Belfast - s 745 Guernsey r 846 

B'osgttam e 846 {fwamgas s 547 

Blackpool f 948 Jersey 1 1355 

Bristol a If 52 London c l! 52 

Cardiff 1 105Q- teOd fr t fl4» 
Edtabwgb s 745 Uncases I 948 
Glasgow t 846 Rltfdsiay . s . 948 



Sun Rato 
bra In. 
15 .06 
0.7 .06 
Z2 -20 
1.7 M 
1.7 .11 
x .13 
1.0 -54 
. 1.6 -57 
1-5 M 

1.0 AS 

1.1 -54 
1:1 3t 
1.3 -39 
2JS AO 


rato - 

shower s 

cloudy 

rttowara 

showers 

showers 


12 54 bright 

13 55 ctoudy. 
13 55 dofi 

12 53 showers 

12 54 bright 

13 55 sonny 
12 54 - bright 



44 32. 
X 31 

2.1 23 
09 29 
23 76 
1-1 JOB 
05 .10 
08 JSt 
1 A 2B 

oi if 
i-i ins 

S3?' 

li 30 


asm Friday-s b 

Abroad 


13 55 bright 
.12 54- sunny 
12 54 fSoudy 
12 54 rainH 
11 . 52 bright 
12 54 - cloudy 
11 53 showers 
11 52'atowera 
11 52 showers 
U 52 ctoudy 

H "« dtowere 

1? K *?** 

11 . 52 rain 
11- 52 Showers 

jg atowent 
it 52 ahowen 
« fg powers 
* g Aowera 
10 50 showers 


RffiQAY: ex ctowta d. drinto; 

C f‘ 

Atoccto f 22 72 Cologne . 

AbtfM s 25 H Cftog! 

«WA is f 26 79-Corto ' 

Mriss -a 29 BdOMh 

XSSfdm 

Athens s 23 73 Two 

Btfmrin a 3Z 90 Wnttoo e- ‘ 

Barbed** - r »84M*W: 


Our address 


Information lor indmfon in The 
Tiroes mformatton enlfe toMM to 
sent to: The Editor. TTTS. The Times. 
PO Box 7. 1 Virginia Street. London. 
El 9XN: 


©TIMES NEWSPAPERS ■ LIM ITED , 
raao. PtonlrtJ by London fW (Print- 
ers Limited' of 1 Virginia Street 
London El 95£N • amf by 

Sc-Xland Lid. ISO Ponman ,Str«L 

Klnnlnq Park, -ofowow G4| _ tEJ . 
Monday. October 2 r. 1980 . . Reg- 

tstpred as a newjpapei^ot too Pds», 
Offtae.' . . • . 


Beanods* 

Blarrhz 

Bento’s 

Bodta 


BMW 

calm . 
Catonca 


■ 26 79 Gtomltar 
f 10 50.HaMakl 
. a . 25 77 Hoag K. 

f "is 93 tonMt' 

f 14 sr -btnabtf 
t 10 50 JdditoM 
4 9 46 Jtfbonr 
r M 57- Karachi 
* 28 T9 LFatoeSi 

•ran utbenr 

c 16 84. Lbcm 
c ZZ 72 Lte gW- 

.si5 aiSSo. 


frtotaTIg. fogtr.-rato: a. aurc -an; snow; t. thunder. 

C . F . -C. F • r 

fioso Mato rca s 22 72 Rome fa 

f . -9 48 Matogo f 24 75 Setataao r 9 
I 26 73 Mato 1 26 7? SI^SS* f in 
f 10.50 Mb Vn» t 14 57 J S 

c 21 70 MsstonC* * 21 7oImT 2 
c.g jg-gwr * 29 84 Seoul s li 

» .®SSfter ® 

C 21.70 Moscow- ,. c 10 S SSih . ° | 

f T2 "54 MuRiob .c IDSOmS* 

I 22 72 Hafctol c 23 73 ’ ! 

" C V 4 39 Mtoee . < 23 73 TbliX « S 

f 23 79 Irtsto ■* 29 82 TentoSL 1 * 

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BUSINESS AND FINANCE 


THE 



TIMES 


SPORT 43 
TELEVISION AND RADIO 47 


kfffcfr .«. 
■•Mtttin! V;,S!f} Jr, 


MONDAY OCTOBER 27 1986 


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Kenneth Fleet 




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FT 30 Share 
1251.6 (-29.9). 
FT-SE 100 

1577.1 (-32.9) 

Bantams 


Pay deals drop 
to lowest level 


rr toi 


W HJatastream) 

125.16 (+0.48) 

the pound 

(Ohanae on w^e 

US Dollar 

1-4130 (-0.0190) 

W Gennan mark 

2.8705 (+0.0437) 

Trade-weighted 
67.9 (+0.6) 


for three years 


Boots plans 
out-of-town 
store battle 


By John Bell 
City Editor 


City Editor 

Boots, the high street chain 
with nearly 1,000 stores, is to 
make a major investment m 
out-of-town retailing. 

The group is expected to 
announce this week that it 
plans 40 superstores of 30,000 
sq ft or more, each with 
parking for at feast ISO cars. , 

The first, thought to he in 
Dudley, West Midlands, is 
likely to open in February, 
with others at Cardiff, 
Cricklewood, north-west 
London, and Leicester to 
follow.. 

Edge-of-town shops are a 
radical move for Boots, and 
will bring: the group into direct 
confrontation with some of 
Britain's most competitive 
retailers. Another break with 
practice will be the mer- 
chandise in the superstores. 

Boots would not comment 


Indications that pay in- 
creases are starting to slow 
down brought the Govern- 
ment belter news on the 
economy at the weekend. , 

Accordii« to the pay 
daiabank of the Confederation 
of British Industiy, settle- 
ments in manufacturing 
dropped from 6 per cent in the 
frrstiwo quarters of the year to 
516 per cent in the - third 
quarter. This is the lowest 
level for three years. 

The figures suggest that pay 
settlements are beginning, £f 
only slightly, to respond to 
recent low levels of inflation, 
as predicted by the more 
optimistic economic forecast- 
ers. The continued high level 
of pay increases has worried 
the Government which feared 
that British industry's 
competitiveness might be fur- 
ther eroded and unemploy- 
ment increase as a result. 

One reason the Govern- 
ment has wanted to prevent 
too steep a. fen in the pound is 
concern that a big rise in 


By Derek Harris and Rodney Lord 

- higher pay demands at the 


start of the new pay round. 

This week, the foreign ex- 
change market is expecting 
quieter trading for sterling. 
Helped 6ry a recovery in the 
dollar, the pound ended last 
week firmer, making the pros- 
pect of another rise in interest 
rates- Jess imminent 

Although the CBI is treating 
the figures with caution, it 
believes they are evidence of a 
downward movement in 
settlements. 

So far the trend bas not 


It looks likely that less than 
20 per cent of the settlements 1 ' 
were below what has widely 
been regarded as the psycho- 
logical barrier of 5 per cent. 
The CBI, which still regards 
the averse level as too high, 
will be watching keenly during 
the final quarter of the year for 
a wider breaching of the 
barrier. 


« witn caution, it When the provisional fig- 

hey are evidence of a ures have been analysed, it 

rd movement in looks likely that some sectors 
't*- will show high pay settlements 

the trend bas not continuing. Other surveys 
in Department of have pointed to high levels in 
ent returns, which industries like chemicals and 
th showed that in some vehicle manufacture al- 
eunderlying trend in though most settlements in 
linings was still 7.5 mechanical engineering have 
at which level they been at the lower end of the | 
ibbomlv remained scale: 


import prices could .prompt cent band. 


this month showed that in 
August the underlying trend in 
average earnings was still 7.S 
per cent at which level they 
have stubbornly remained 
since the middle of 1 9S4. 

More than 70 per cent of the 
reported settlements in the 
third quarter lay in the band 
from 4_5 per cent to 7.5 per 
cent with just over 50 per cent 
in the 4.5 per cent to 6-5 per 


The CBI says the range of 
settlements remains wide, 
reflecting tailoring to suit the 
differing circumstances of in- 
dividual companies. 

The third quarter deals have 
largely left the length of the 
basic working week intact . 


Big Bang 
set for 
muffled 
beginning 



The abacus 
still counts 


The City may be going high-tech 
today, bat Commander Richard Per- 
ceval Maxwell of Trowbridge, 

Wiltshire, seen left with his daughter 
Jemima, believes yon still cannot 
beat the abacus for adding and 
subtracting. 

The Commander, who has writ- 
ten a booklet on the use of the abacus, 
said: “Although the electronic cal- 
culator is more efficient for all but the 
simplest calculations requiring 
multiplication and division, the aba- 
cus is still faster for addition and 
subtraction. 11 


He proved to The Times yes- 
terday that he can add and subtract 
four-figure numbers faster on an 
abacus than most people using a 
calculator. 

** Although Japan is the home of 
the pocket calculator, the number of 
people learning to nse the abacus 
has increased in the past 15 years, 1 * 
he said. 


By Richard Thomson 
Banking Correspondent 


New disc 
‘will be 
top seller’ 


Bass seeks £100m 
acquisition in US 


"By Derek Harris 

Electronic entertainment 
products, which have already 
seen market growth of 77 per 
cent in the past five years, are 
forecast to be the fastest 
expanding sector in' the 


By Cliff Feftham 

Bass, the Carling Black I*~ and while we have been 
:1 and Tennenfs brewing examining possibilities in 
un, is making a big effort to Europe, it is .the US we are 


yesterday, but analysts expect remaining years of the decade, 
that there wiD be emphasis on followed closely by office 


toys and babywear. “A cross 
between Toys ’R Us and 
Mothercare” is how one an- 
alyst put it 

. After severe City criticism 
following the $555 million 
(£338 mil lion) purchase of 
Flint, the ., e American 
pharmaceuticals group, there 
are indications that Boots is 
adopting a tougher approach 
in its retailing policies. 

For many years, the group's 


products. 

This emerges from a survey 
in which the Market Assess- 
ment consultancy examines 
prospects for 3430 market 
sectors. 

Compact disc players and 
discs are forecast to be the two 
fastest growing items in the 
rest of the decade. The next 
fastest-growing markets are 
expected to be office products 
such as shredders, floppy 


bel and Tennenfs brewing 
grant, is making a big effort to 
expand in the United States. 
High on the list of priorities is 
the acquisition of an hotel or 
restaurant chain with a value 
of more than £100 million. 

Sir Derek Palmar, the chair- 
man, has made it clear he sees 


looking at most closely. We believe traditional trading on 
are arming to acquire a small the floor of the Stock Ex- 

hncinoee nn #wi«t KimI#I mm w . -« ■ » 


Bass already has a foothold the time being until market- 
in bingo in the US. It operates . makers are satisfied they can 




three large bingo centres on 
Indian reservations and says 


handle the telephone- and 
screen-based market 


bat this has now taken on 


are difficulties with the regu- 
latory authorities for overseas 


-jj^j ouuiuimra iui uv ci scab 

added importance as the ram- operators moving into the 
nanv — like manv other Bm- JZL-* 


high street chemist shops have discs, telephones, fax systems, 
been, losing market share to ribbons and art materials. 


new discount drains such as 
Underwoods, Superdrug and 
Share Drug. 

A handicap for Boots has 
been its longstanding na- 
tional pricing policy. This had 
the dubious virtue of ensuring 
that a product had the same 
price wherever it was sold. 

Boots has now scrapped this 
and has been pursuing a 
flexible pricing policy to en- 
ableit to compete locally with 
its more aggressive compet- 
itors. Analysts suggest that the 
new approach is meeting with 
considerable success and that 
overall margins have been 
maintained or improved. 


A near doubling in sales of 
electronic entertainment 
products is forecast for the rest 
of this decade, with office 
products expected to - see 
growth of 78 per cent, 

Next biggest growth is fore- 
cast for home durables, like 
electrical appliances, at 33 per 
cent, followed by leisure 
-equipment (22 per cent), 
gardening (14 per cent), per- 
sonal care (12 per cent) with 
10 per cent growth in both 
leisure pursuit products and 
drinks. 

Although home mainte- 
nance is expected to see 9 per 
cent growth over the five 


pony — like many other Brit- 
ish brewers — sees expansion 
of its dnnks business at home 
feeing increasing difficulties. 

In recent months, a Bass 
team of ‘Specialists has been 
taking a close look at opportu- 
nities in North America. 

Mr Peter Scuriock, a former 
banker at Hill Samuel and 
now director of business 
development for the brewery, 
said: “ideally we would like to 
buy a business in the res- 
taurant or hotel line but if 
so'metiring else comes up we 
will look at it very closely. 

“The acquisition is not 


gaming business. 


Bass has not made a big 
acquisition in Britahj'for six 


. The gilt-edged market ap- 
pears: to he m better shape 


years, when it' bought the' than the equity ma ri trt .lt- has 
Coral Leisure group for £90 had two rehearsals aiul its 27 


million, and bas declared it market-makers are said to be 
wants to increase the contribu- better prepared than those 


tion from its leisure activities 
— which take in the Crest 
Hotels chain. Coral racing and 
social clubs, Pontins, and 
amusement machines — from 
about 17 per cent to 25 per 
cent by the end of the decade. 

Bass, like its rivals, is aware 
that the Monopolies and 
Mergers Commission makes it 


intended to take the group virtually impossible to expand 
into an entirely new direction brewing interests at home, 


bul we are keen to expand into which are anyway coming 
what is a very important under increasing pressure, 


market 


particularly as the industry's 


“Expansion in the brewery tied-house system is also 
business at home is limited under review. 


The group has also restruc- years, it is not placed among 
turai the management of its the top 50 growth markets 


Market waits for Apex 
to increase Phit offer 


retail chain with a view to < 
winning back some of the 
ground lost to- specialist 
competitors. 


City Bill back 
for debate 


The Financial Services Bin 
which sets up the regulatory 1 
framework for the City is due I 
to be debated on its third j 
reading in the House of Lords 
today. It returns to the Com- 
mons on Thursday. 

The Government is still 
tabling amendments to the 
Bill both at its own and at the 
Opposition's instigation. 

The Government agreed in 
a deal with the Opposition to 
reconsider the immunity 
issue in return for the 
Opposition's co-operation in 
ensuring the Bill completed 
the Loras report stage. 


Only three drinks sectors 
figure in the top 50 forecast* 
mineral water, wine-making 
ingredients and pre-mixed 
cocktails. 

Leading food- growth mar- 
kets, it is suggested, will be 
frozen fruit frozen meat, dry 
pasta, ground coffee, ice 
cream, frozen desserts, canned 
meats, meat pies and canned 


By Judith Huntley, Commercial Property Correspondent 

Apex Group’s lender offer tier Apex win come hack wit 
of 160p a share for 29 per cent a fiifl bid at a higher price. Tb 
of Property - Holding and market thinks it wilL 
Investment Trust doses Shareholders, including ih 
today. investment arm of Moraai 


fish. A growth rate of 6 per 
cent is forecast for savoury 


cent is forecast for savoury 
foods. 

Contraction, small in some 
cases, is foreseen for hitherto 
growing markets like main- 
frame computers, telephone 
exchange equipment micro- , 
wave ovens, electric kettles, 1 
personal stereo cassette play- 
ers. canned vegetables and eye 
makeup. 

Market Forecasts 1986: 
£250 from BLA Group, 2 
Duncan Terrace, London N! 
8BX. 


The New Zealand property 
company, run by Mr Graham 
Hamilton, is constrained by 
the tender offer from buying 
Phit shares in the market. 

In the meantime, a white 
knight in the shape of the 


ther Apex win oome back with 
a foil bid at a higher price. The 
market thinks it will. 

Shareholders, including the 
investment arm of Morgan 
Grenfell, the merchant bank, 
which has a 15 per cent stake 
in Phit, and. Pearl Assurance 
and the Foreign & Colonial 
Investment Trust, which 
helped Phit see off an earlier 
£109 million bid from Grey- , 


Chase Corporation, part of coat Group, must decide 
New Zealand's Chase Group, whether to opt for highly- 


has come in with a full-scale rated Wingate paper, cash or 
agreed bid in a two-for-one wait for a higher bid from 


store offer for Phit with a cash 
alternative of 165p a share. 

It is using its recently- 


Apex. 

Phil's shares were trading at 
an 1 1 per cent premium to net 


acquired 63.1 percent interest asset value at the weekend, a 


times its asset value. 


investment companies 


£100m Rover 
cash denied 


The question now is who- them prime targets 

"us NOTEBOOK 


property 
ies made 


operating in the equity market 

Dealers were at work earlier 
than dsuL At 730am the 
Stock Exchange floor opened 
to market-makers. At eight 
o'clock, the Stock Exchange 
Automated Quotations system 
(SEAQX on which the market 
depends, was started to enable 
market-makers to update their 
opening prices. Full dealing 
started at 9am. 

Analysts are more optimis- 
tic, however, about the long- 
term prospects of many of the 
companies formed for Big 
Bang. Merchant bank shares 
in particular have taken a 
battering as investors worried 
about their exposure to the 
new markets. 

Morgan Grenfell, which has 
built up a. considerable 
commitment to the securities 
markets, recommends clients 
to boy nndervatned merchant 
bank shares now before the 
benefits of Big Bang start to 
pash tip their value. Its bank- 
ing analysts say the commit- 
ments of most banks to Big 
Bang, and their involvement in 
market-making, have been 
overplayed. 

“For most banks, British 
securities are expected to 
contribute less than 10 per 
cent of 1986-87 profits,* 1 they 

Ita-gan Grenfell says com- 
parisons of the capital ade- 
quacy of the banks with those 
of big Japanese and US 
seenrities booses are mis- 
placed. Foreign institutions 
have committed a relatively 
small proportion of their total 
capital to the London market 

Morgan Grenfell also pre- 
dicts a pick-op in corporate 
finance activity 


The Government has dis- 
missed weekend reports that it 
had agreed to inject £100 
million into the state-owned 
Rover Group as premature 
and “absolutely speculative". 

A spokesman for the 
Department of Trade and 
Industry said the Government 
would wait for the corporate 
plan beiim prepared by Mr 
Graham Day, Rover's chair- 
man. which is due in Decem- 
ber. before coming to any 
decision. 


Growth stumbles on at a snail’s pace 


From Maxwell Newton 

New York 

Many important outstand- 
ing issues were clarified this 
week and the dormant bond 


market began to show some stem, the horrendous current 


of life as a result. 
> third quarter 


results were encouraging for of the devaluation to work has 
bonds, in that the reported 2A been the co-operation of the 


per cent annual growth rate New York Fed with the central 
would have come in at xero or hanks of Japan, Germany and 


— Jittfe more than 6 per cent law last week will hit con- 
smee tiie peak in March J985, Sumer borrowing hard, as weO 
sordmg to the Reserve Bank as virtually destroying the 
Dallas* new trade weighted financing basis of non-reaMen- 
dex — has done nothing to tial construction, 
on. the horrendous current The operations of the Fed 
count deficit are also a source of much 

Contributing to this feHnre greater comfort to fixed in- 
the devaluation to work has come paper holders. The pre- 
<eu tiie co-operation of the vioas poBcy tit “grmg ho" 


of Dallas* new trade weighted 
index — has done nothing to 


account deficit. 


AE appeal 

The Takeover Panel will 
consider an appeal today by 
AE against its decision to 
allow T uraer £ Newall to bid 
again for AE. 


Quarto float 


Quarto Group, the book; 
company which started 10 
\ears ago. is to be floated on i 
the l ISM via a share placing 
valuing the company at about 
£7 million. 


even negative had the in- 
centive-driven auto sales of 
August and September been at 
normal leveL 

Now, looking to the fourt h 
quarter, economic growth 
prospects wiB suffer from the 
“payback" of those auto sales 
that drove retail safes in 
September up by more than 4 
per cent (0.1 per cent exclud- 
ing antosj- 

Most disturbing was the 
$164.6 billion annual rate of 
negative net exports, up $40 
bfluon from the first quarter 


Switzerland in “narrow 
banding." the relationship be- 
tween the dollar and their 
currencies. This has effec- 
tively frozen relative cnrreBcy 
values about their July-August 
levels. 

Also of importance for the 
peace of mind of the bond 
market has been the disarray 
in Opec, a development which 
caught the crude ml futures 
market short It is now ac- 
cepted that crude will be 
struggling to bold $15 a barrel 

Another source of optimism 


ammal vale of £125 billion. In the bond market is that the 
The devaluation of the dollar tax reform act which became 


monetary expansionism m 
force from January to August 
wasafeffsre. 

So the Fed is, for the time 
being, impotent and has re- 
treated into a policy of 
“pause" — meaning doing 
little or nothing that could be 
construed as expansive. The 
Fed has also to a degree been 
forced into this by the 
responsibility for co-operatin g 
in currency “narrow banding . 

The result is that monetary 
and fiscal policy, as well as 
exchange rate policy, are so 
longer able to contribute to 
promoting economic expan- 
sion ' in the United States. 
Fiscal chaos has reached its 


limit, monetary policy when 
used has proved counter- 
productive, and exchange rate 
policy Is frozen. 

The result is tint the US 
continues to stumble forward 
at a snail's pace of economic 
growth. The overall average 
growth rate for 1985 GOT 
may reach 2 per cent but It is 
not likely to exceed that 
dismal number which is dose 
to the 2.7 per cent of 1985. 

Between 1978 and the third 
quarter of 1986, real GOT has 
risen an average 24 per cent a 
year, well below the historical 
average of 35 pgr cent, mak- 
ing the fest eight years the 
longest period of economic 
stagnation since the 1930's. 

The sub-standard economic 
growth path has also meant 
that the forecasts-of the Fed- 
eral budget deficit have been 
consisteroy over-optimistic, 
befog based on 4 per cent 
growth forecasts that have 
always looked— and proven to 
bev ridiculous. 


Last rates expected 
in home loan hike 


A quiet start for the stock 
market was expected this 
morning as market-makers 
Struggled with still- unfamiliar 
computer equipment. Unlike 
the rehearsal nine days ago, 
the trading today is for real 
money and most firms are 
unlikely to risk overloading 
their systems with high 
turnover. 

After the last rehearsal for 
today's Big Bang, many people 


business we can build up." | change will remain popular for 


Big Bang report . 27-42 


By Martin Baker 
The mortgage lenders who ( 2 % pe 
have not raised the interest ional'sii 
they charge on home loans cized b 
will this week decide where to industry 
pitch their new rates. Last The i 
week most lenders increased created 
rates by about 1 Vt per cent widen 
Until the latest increase in investmi 
base rates, there was a cosy loan inc 
unanimity about mortgage competi 
rates. All leading lenders had Some 

levied interest at a nominal such a 
rate of 1 1 per cent Provinci 

Barclays and .National have fol 
Westminster banks and Brad- i2Vt per 
ford & Bingfey and Anglia Perm am 
building societies are deciding per ceni 
their new rates. But they must while ra 
strike a balance between the and Uoy 
likely movements in base and i.3 
rates and their competitive The loan 
position in the market n per cf 

The three-month interbank Most 1 

rate, a money market long- interest i 
range weather forecast for as oppos 
interest rates, eased 3 ie on used by 
Friday. This suggests a short- eties ar 
term rise in base rates is minster 1 


consider 
tax reform 


1 2% per cent Abbey Nat- 
ional's increase has been criti- 


unlikely. 

The Halifax Building Soci- 
ety announced a 1% per cent 
increase in mortgage costs and 
a rise of % per cent on 
investments. The Abbey Na- 
tional followed with an in- 
crease of 1% per cent, up to 


cized by some within the 
industry as profiteering. 

The Abbey National has 
created scope for lenders to 
widen the spread between 
investment payments and 
loan income at a time when 
competition is high. 

Some big building societies, 
such as the National & 
Provincial and Nationwide, 
have followed the Halifax to 
I2M percent However, Leeds 
Permanent’s new rate is 1235 
per cent up US per cent 
while rates at Midland Bank' 
and Lloyds are up 1.5 percent 
and 1.3 per cent respectively. 
The loan rate at each bank was 
1 1 per cent , 

Most banks calculate then- 
interest rates on a daily basis, 
as opposed to the yearly basis 
used by most building soci- 
eties and National West- 
minster Bank. Lloyds' 1.3 per 
cent rise gives an annual 
percentage rate of 13.1 per 
cent the same as the Halifax. 

Competitive pressure on 
capital inflow Bom invest- 
ments should force a decision 
from the remaining home loan 
institutions. 


From David Watts 
Tokyo 


£29 bargain holidays 


By Our Industrial Editor 


More foreign holiday tar- 
gams were announced yes- 
terday when NAT Holidays, 
one of the first medium-sized 
tour operators to bring out 
1987 summer brochures, of- 
fered self-drive motoring holi- 
days at £29 and a variety of 
family offers, including 3,500 
free child places. 

NAT is also chartering • 
trains to carry holidaymakers 
to the South of FVance and 


Spain on holidays starting 
from £68. There are 5,000 one- 
week holidays in France at 
this price. 

Many camping and 
caravanning holidays are 
cheaper than Iasi year, NAT 
claims. On average, there are 
price reductions on last year of 
7 per cent to Yugoslavia and 3 
per cent to France and Italy. 

There are 3,000 of the low- 
price motoring holidays. 


Tax cuts for middle-income 
earners, a new capital gains 
tax and abolition of tax 
exemption on small savings 
are recommended in a series 
of measures which will be put 
to the Japanese Prime Min- 
ister by a government ad- 
visory commission this week. 

Like the US, Germany and 
some other countries Japan is 
seriously considering radical 
tax reforms to reduce tax rates 
while doing away with tax 
exemptions. 

The commission will also 
make proposals on a new 
indirect tax and corporate tax 
reforms, one of which would 
reduce tax rates for companies 
to less than 50 per cent from 
the present 52.92 per cent. 

Mr Yasuhiro Nakasone, the 
Prime Minister, will receive 
the proposals, many of which 
are still controversial, tomor- 
row. The Government is 
likely to implement most of 
them. 

The tax commission's pro- 
posals, as leaked to a Japanese 
newspaper, suggest that gains 
on shke transactions of 
50,000 shares with a par value 
of 50 yen or 10,000 shares with 
a larger par value will be 
subjected to tax. 

It is also suggested that 59 
per cent of the proceeds from 
the sale of shares will be 
deductible as “necessary ex- 
penses". The tax on the 
remainder will be about 5 per 
cent and will be withheld at 
source. 


The Government intends to 
reduce the present maximum 
tax rate from 70 to 50 per cem 
while reducing the number of 
taxation stages from the 
present 15 to 6. 




“Corporate Finance?" 
“Helping more and 
more companies" 


“Fixed Interest?” 
Doing record business! 

\ 




“Equities?" 
/Dealers thriving on 
competition." 


“Fund Management?" 
oth pension fund and private 
client business booming? 

\ 



Phillips & Drew 


\>n\IHMI»lM(>\HVtk<»VHn/>'K1 WIM.HIH I* 


120 Moorgaie, London EC2M 6XP. Telephone: 01-628 4444 


’"'.r Wv." 



1 

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ecf 

em 


-ha. 


**Th. 

«*tt 


22 . 


BUSINESS AND FINANCE 


THE TIMES MONDAY OCTOBER 27 1986 



— — 


. From your portfolio card check vour 
Ognt share price movements. Add them 

up to give you your overall total. Check 
this against the doily dividend figure 

K Wished on this page. If it matches you 
ve won outright or a share or the total 
daily prize money stated. If you are a 
•UJHier .follow the claim procedure on the 
hack of your card. You must always have 
your card available when claiming. 


Guar 


Bdbsvcn 

Breweries 


BuDoueh 

Industrials .VD 


Transcontinental 

Industrials S-Z 


Hall (M> 

Industrials E-K 

- 

Triple* 

Industrials S-Z 


Irish Disd 

Breweries 


Hill Samuel 

Banks. Discount 


Hunting Assoc 

Industrials E-K 


Peek 

industrials L-R 


Rmict Oudbum 

Industrials L-R 


Micro BS 

Ekctriols 


Normans 

Foods 


Dm (George) 

Bn tiding. Roads 


Prone 

Ekctrkals 


Hehcal Bar 

Bui kling.Roadi 


GrtenaH Whitley 

Breweries 


Wotseley 

Industrials S-Z 


Tesco 

Foods 


Conder Grp 

Building,Roads 


Ptarson 

lodbsuiata L-R 


Dom 

Indussnals A-D 


Brown (N) 

Drapery Stores 


Bridgend Gp 

Industrials A-D 


Locker m 

Industrials L-R 


Buckleys 

Breweries 


Combined Tech 

Industrials A-D 


Barclays 

BankxDiscounl 


First Nat Fins net 

Banks. DricDuoi 


Davy 

Industrials A-D 


haJgety 

Industrials A-D 


Assoc Ftsheries 

Foods 


Allied Irish 

Banks. Discount 


Ayrshire Metal 

Industrials A-D 


Benchmark 

BenksXhscount 


TNT 

Industrials S-Z 


Lirxroft Kdgotnr 

Drapery Stoics 


Sumnc CkMbes 

Drapery. Stores 


Wiggms 

Building. Roads 


Audio Fidelity 

Ekctncals 


Broken Hill 

Industrials A-D 


Arenson 

Industrials A-D 


Feb 

Buridiagjtoads 


Nick 

Ekaricals 


Coues Bros 

Chenucals.PIas 

— 


Please be sure to take account 
of any minus signs 


Weekly Dividend 


Please make a note of your daily totals 
for the weekly dividend of DL000 in 
Saturday's newspaper. 



rut 

mo 

mu 

HU 

SAT 


E 






LI 


BRITISH FUNDS 


Stock OK- 
ftandng 
C Stack 


Price CD' 
last 
RIOT 


Rica Cn oa «nt Qroaa 
but on only Had. 

|W yM% 


SHORTS (Undar Five Years) 

1253* Em* 13'*% 1987 


580% 1987 
1987 


100 % 

99'i 


883m Eoh 
1949a) Extn 10 VS. 1987 
5*6* Fima 8 ' 1 % 1B8X07 
1587m Traas 10% 1887 
919a Traas 3% 1987 
1965m Traas 12% 1987 
482m Traas 7%% 1905-38 
1*35* Exdh 10*7% 1988 
1122 m Traas C8%% 1988 
1194m Trans 3% 197888 
1988m rim >*1% 1988 
Z25Sm~rraas 11 ’5% 19N 
1376m Traas 10%% 1889 
2329m Exch 10% 1989 
1100m Each 10%% 1989 
1840m Each 11% 1989 
531m Tran 5% 1988-99 
1108m Traas CS'.*% 1989 
43Bn Traas 3% 1888 
1008m Tnma 13% 1890 
1392m E»di 11% 1890 
1296m Ejtcn 12-3% 1990 
457 m Traas 3% ran 
SSU Trass B'.% 1987-90 
1822m Tran 10% 1990 
400B Each 2'l% 1990 
2239m Traas il%% 1981 
349m Fund S%% 1087-91 
1393m Exch 11% 1891 
3i Bn Traas 3% 1991 


96% +% 
in®%* .. 
B8'i -Hi 
S3 

97% .. 

91% +'■ 
97 •+% 
100% +'• 
90% +% 
97 +'. 

too a- *3 
+% 


8& 


87%%*'. 
104% +'e 
99% +% 
103% +*e 
83'. «a-% 
93% -H 
98%%*'. 
BO'ae-% 
101 % *■« 
87'. 

89'.- . 
79Sa-% 


FIVE TO FIFTEEN YEARS 

1D6 

96'. a 
97'. • . 
104 

log-. . 


954m Traas 12%% 1982 
1334m Traas 10% 1992 
919m Trass Ci0'i% 1092 
1404m Each 12%% 1992 
1822m Each I3'i% 1992 


1140m Traas 10% 1993 

1184m Traas I2'i% 1993 

504m Fund 8% 1993 

1399m Trass 13%% 1983 

700m Traas 14*1% 1994 

184ftn Each 12 'j% 1984 

1221m Exch I3'i% 1994 

> 264m TTaas 0% 1994 

2448m Traas 12% 1335 

158m G« 3% 198945 74'. •+% 

2005m Exch 10'.% 1905 95b *% 

1O0ta Trass 12%% 1995 109'.a4-% 

1038m Traas 14% 1996 115% **» 

07ta Traas 9% 1892-98 B9>. +% 

1556m Traas 15'.% 1996 12?. a* 

897m Each 13%% 1996 

a Rdmpt 3% 1996 
Alim Cm 10% 1996 

1689m Trass 13%% 1997 

2555m Each 10'»% 1997 

1129m Traas 8%% 1997 

1226m Each 15% 1997 

756m Traas 6W 1995-90 75% a* % 

2447m Each 9%% 1998 92% ■*% 

1403m Traas 15%% 1988 

2653m Each 12% 1988 

1007m Tran 9%% 1999 

3132m Each 12%% 1999 

1221m Tram lO'i% 1999 

1395m Conn 10%% 1989 

2068m Traas 13% MO D 

1063m Con* 9% 2000 

6Q4m Traas 10% 2001 

747m Con* 9%% M01 


95 

106% +'e 
94% +'. 
m%a+b 
119% +% 
106% *% 
in a*% 
90% •+% 
104% ♦% 


112 'i 

79% ♦% 
94 a* 1 . 

112% +'a 
96% +% 
88 % +% 
122% •+% 


127% 

108 % a*% 

91% +% 
108 *% 
97%a*’> 
95%«+b 
113% +% 
88 % *% 
94% ♦% 

83% *% 

1468m TraSS 14% W9MH 117%*+% 

OVER FIFTEEN YEARS 

878m Can* 10% 2002 94% +% 

1887m Each IM +% 

1161m Trees XC2 M% +% 
950m Traas 10% 2003 95 +% 

2131m Traas 18%% 200Q-Q3 118% ♦% 

1990m Traas 11 'i% 3001-04 104% *% 

8S6m Traas UPS MM “ 

224m Fund 3'/% 1SBB54 50 . • 

967m Conv «••*£ 

1387m Com 9 :% 2005 
1044m Exch 10'flb 2003 99% *% 

2Mft» riS) 12%*w MOWS 113%**% 
S5Sm Traas 8% 200246 79% * * 
335m Con* 9%% 2006 83% a* . 

3390m Traas 11%% MC307 107% + . 
1519m Trees 13‘£ MOW* 121% * a 
798m Traas »»» 

586m Traas S%% M06-I2 50% ■ 

54»a Traas 7%% 2012-15 77% *% 
Hd&n Each 12% 2013-17 114% .. 


UNDATED 

143s Consol* 4% 
661m war Ln 3%% 
76m Com 3'«% 
tin Traas 3% 
67m Consols 2'i% 
116(1 Traas 2%% 


INDEX- 

122101 

529b 

1155m 

742a 

684m 

1008 m 

818 m 

1016 m 

783m 

1107m 

389m 

lOOTm 


LINKED 
Traas IL 2% 
Traas H. 2% 
Traas IL 2% 
Traas 1L2':% 
Traas IL2%% 
TTsas IL 2% 
Traas X2'i% 
Trees nJ'/% 
Traas U2'i% 
Trtas IL2%% 
Traas IL2 %% 
TTsas 12%% 


1986 

1990 

1996 
2001 
2003 
2006 
2009 
Mil 
2013 
2(718 
2015 A 
2020 


34% 

46% 

29% 

24% 

24% 


122% 

105'. ■*% 
115% -% 
98 

97%a-% 
100 1 - -% 
96 a-% 

101 % -% 

84% -% 
92% -% 
93% -% 
91 -% 


182 

102 

25 

105 

6.6 

mi 

ai 

112 

SJB 

105 

105 

3J 

95 

115 

10.7 

102 

102 

11.1 

5.7 

92 

3.4 

12 -* 

11.1 

121 

32 

82 

KU 

21 

115 

65 

11.1 

35 


120 

105 

105 

118 

124 

105 

115 

7.1 

123 

124 
118 
122 
105 
115 
45 

107 

11.7 

121 

100 

124 

115 

32 

105 

112 

105 

10.1 

122 

62 

106 
121 
112 

104 
112 
109 
10 7 
114 

106 

105 

ru 


106 

112 

105 

105 

114 
11.0 
105 

62 

10.4 

10.4 

108 

115 
100 

104 
102 
11.1 

105 
94 

100 

105 


101 

101 

75 

102 

102 

102 


22 

25 

31 

21 

28 

22 

if 

!1 

22 


BANKS DISCOUNT HP 


877m Med tram __ 
IMSmAnswWPiemW 
801.4*1 Au» Me* z 

1487 0m MrtcaiartBi 

73 7m Bar* 01 bta* "d . 
7885*1 Bm* (4U*I W6 
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32071* Ba nssys 




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524 -13 

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340 -19 

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95 43 85 
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155 03 .. 

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i> 07 «1> 
207 SO 90 
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23 84 139 

138 34 26 1 

284 102 355 

24 02 123 

139 55 .. 

206 84 ■ 
14 »0 11.1 

B5 01 - 

1200 45 . . 
13 4.1 302 

88 29 104 

29 13 142 

iff Jn 47 85 
194 55 65 

33 

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126 82119 
190 37 H2 
255 6.1 68 

17 55 122 

ire 75 y. 
37.1 7.T 194 
121 32 

276 95 62 
600 63 68 

USD 65105 


STOCK EXCHANGE PRICES 


Capitalization and week’s change 

(Current market price multiplied by the number of shares in issue for the stock quoted) 

ACCOUNT DAYS: Dealings begin today. Dealings ena November 7. §Contango day November 10. Settlement day November 17. 

§Forward bargains are permitted on two previous business days. 



DAILY DIVIDEND 
£4,000 

Claims required for 
+48 points 

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94*0800 Dew (OoorM) 
178* DdUtfas (RM) 

110 

40 

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1570000 Fab 

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2806800 Obba 6 Dandy OT0 136 


28 

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995m HawdarvCtuart 

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4810800 Howard Sari 

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191 

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4852800 Jams (4 5 Sons 

430 


140 

32 858 

1025* Labia (J1 

340 

• -H 

107 

51 28 

978* 

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340 

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10.7 

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395* Lawranca (Wtalad 

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5.7 

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192* Utay (FJQ 

24 

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8 

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108 

28128 

345 5* MagnM 4 Sou* 

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74 

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478* Mandela 

325 

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59 197 

288.0m Martey 

114 

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715m MM** (HtaHBJ 

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48 158 

128* 

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227 7m 

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92 

47 148 

338m 1 

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216 

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3852800 1 


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705 

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620 

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6221* Beatnd 

392 

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43 121 


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08178 


116 

•-4 

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50151 

8287.000 Smart (J) 

02 

+ 1 

559 

5317.4 

12975m Tarmac 

410 

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128 

35178 

3995a Taylor Woodrow 

276 

+1 

127 

46 122 

370* TSMiy Qroap 

106 

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725a Trails 5 Amdkl 

415 

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5013m Wtmpey (Qaorga) 

154 

07 

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236 

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170 

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58 

51 172 

CHEMICALS. PLASTICS 

1.704 0* AKZO N/V Bm* 

£44% 

r-i 

400 

59 .. 

2648* aim CoUrts 

210 

-15 

56 

1.7 221 


433 

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108 

22 225 

0963800 Anchor Chamkta 

219 


0.1 

28129 

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134 

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48 152 

55109m Bayar DM50 

£101% 

/DO 

68 .. 

325m Bapissn 

111 


HU 

93 157 

727* Brant Chants 

139 

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68b 47 IBS 

202* Br Benzol 

2090 

9-2 

14b .. .. 

207* Canning (W) 

122 

51 

42 205 

2235* CouJka 

200 


10./ 

4.1 97 


164 

+2 

50 

40 103 

304* 

Do ‘A* 

154 

+4 

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166 

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108 

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1X0* 

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131 

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201 

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205« Erode 

116 

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4.7 

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199.4* foasco-ftsmeep 

243 

+10 

125 

53 98 

94 6* Helmed (Jamas) 

172% 



4.1 100 


403 


218 

54 104 

4323.1* HoachM DM50 

QH% 

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438m Holt uoyd 

97 

• .. 

52 

54 140 

78Zi 6* Imp Cham mo 

£10% 

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405 

45 128 

5198* Laports 

380 

•-1 

125 

32 158 

1740? Lash 

112 

-2 

54 

48 182 


E13% 


03 


Cl 8a *yau 

Hta 

+2 

26 

15 218 

7500800 Rmtarook Wga 

100 

•-* 

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2032a ReraokJt 

13/ 

•-3 

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27 172 

301-fitn SMA BPO 

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Maswmkna Rb* 210 

•-2 

114 

52 243 

165* Yoriubtra Cham 

137 

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42 

51 124 

CINEMAS AND TV | 

307* Angtai TV A' 

293 


135 

47 152 

0537800 Grmrprai 

45 


29 

64 63 

409* HTVH/V 

200 

• +7 

121 

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423 

40 

213 

58 178 

3S 7m Sc* TV 

335 


158 

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143 

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50 (bn Yanahra TV 

152 

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199 

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48 

22 150 



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408m 9n*e (James) A 

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37 178 


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4748m Hat re Ouaansway 

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25 279 

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4.400000 S 6 U Stores 




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4122m Snstn IWWI A' 



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32 152 

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31 15 2 

S2.9* SB*ay (AO) 




4B 148 

S3 9m Stead * Samson -A' M 




1233 3m Sfatanause 




56162 

192m SrarmgM 




218 


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157 8* Superdira Stores 
388* TOMt Altaian 

Prl 

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1.7 34 B 


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20 Om Tp Top Drua 





* 82m 

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2741* wm WMa 

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-32 

107 

35 163 

9803800 WlgME 

173 

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ELECTRICALS 


645* Afl Eha 318 «-7 14 J 45 162 

UtaMWnmc 233 -2 21 03 237 

ggljai Amstrad 114 «-14 OS 04 119 

30 Oa Aoncot CompirtBn S3 -S OSD 09 90 

6505500 Man 66 345 

121 <m *n*nac Comp 230 4.1 14 74 

2041500 Audio Rortty 75 *2 .. 245 



Pnco Cnoa Grose 

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on 

Ctv 



£ Comwny 

Friday ran* nance 

% P/E 

-0074090 AOTOfronm 

10%. -% 




1178* An* See 

170 


22 

14 115 

939.01V BCC 

250 


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145.6m RSn 

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28 58 

273m BOck 





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SHfflDin P*bui»vvp0 

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625* Cambridge Dec 

215 

• .. 

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48 128 

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690* CNOnda 

46 

-2 


.. 108 

37 An Do 7%S CPF 

205 

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123m COT* Ml 

133 

-3 

28 148 

67.6* Cancan 

1106* Cray Baa 

310 

•-a 

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08 198 

341 

Xt 

18 268 

450* Cryea** 
729X000 Dtaa Beet 

200 

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• .. 
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780 37 11.1 
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428* Oatasara 

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1.18X000 Dawhoat 

33 

+4 

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48 74 

972800 Do 'A’ 

XI 

-1 

18 


4)2* Oorakm 

315 


25 

08 212 






418m Dubtaer 

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4.1 

38 02 

3954a Baoaooomponanti 328 
1872800 Becaomc moi SB 

-13 

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88 

18 

33 128 
18 767 

lOm Btaromc Rentals 52 

-1 

48 

08 148 

418* Bmeae IkPWtag 

373 

• .. 

880 381X3 


290 

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51 



153 

-7 

36 

24 131 

440.2* Ferrand 

102 

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34 178 


44 

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28 1X4 

43728* OBC 

164 

-6 

31 

37 1X2 


135 

+10 



6814800 HWM Baa 

70 

BS 

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36 

1.7 

4.6104 
28 98 

3072m Mt S «*fl 4 Qml233 

-18 

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220 


121 

55 88 


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+30 

17.1b 52 67.4 

162* Lee RaMgaraOan 

290 

178 

67 104 

965* LMea 

1318* Mf Baa 

m 

•-a 

14 

07 198 

353 

-7 

154 

44 139 


195 

• +7 

14 

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554m Msawc 

217 

•-a 

48 

28168 

402* Micro BS 

a 

+4 

0.7a 08 128 


110 

-10 




718* Ucroaen 

3*8 


7.1 

18.245 




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6000000 kUtaona Bad 

40 


08 3X1 

128* Moray Bad 

43 

• .. 

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7.795800 Nawmark (UxNs) 

2aa 


200 

78 flfl 

169.1* NB 

77 

9 .. 

75b 9 3 118 

5567.000 Ooeoma 

10 



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2502* Onftrt tamu*4B» 523 

■7 

26 

05 228 


155 

—10 

48 

28 . 



22 


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152m Ptttn Fin 5%% 

flit 

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575 

55 . 


32042m PltaU Lm* N/V EM' 

-% 




5217800 PJco 

245 

40 

52 

38125 

3466000 DO -A- Lid Voftao 152 


&2 

54 7.0 

1207 . 1 * PWsaw 

132638* Do ADR 2S 

178 

£10' 

• -0 

72 

31 130 

28 136 

KLB* Prassac 

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+3 

38 

5229000 Quasi Auunrnbor 

55 

+5 


.. 25 3 

9500* Racta Bad 

165 

+2 

48 

28 17.6 

305* SchokM (OH) 
48.4* Sound Dtffuaton 

615 

• .. 

328 

58 128 

35% 

-I'i 

X7 

28 6fl 

B1B.1* SIC 

150 

-4 

2.1 

14 139 

512m Stona tad 

140 

•11 

69 

4.7 277 

S7J5* Sywam Dataoiere 
2249.1* TDK 

50 

£10% 

• -30 
+1% 

0.7 

14 133 

191.7* Ttaaphom Raidak 105 

-a 

10J 

58 145 

08*9800 Tatemaw* 

a 

-8 

25 

58 33 

9918m Thom DJI 

457 

+10 

2S8 

S5S34 

445* Tim* 

200 

+15 

Z5 

08 108 

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340 

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30 

34 234 

9X7* Unttadr 

175 

98 

58128 

B2Bm LM Lautag 

72.7* UH Setonwe 

143 

135 

+7 

-0 

57 

61 

45 48 
55 11.1 

2175* VO tawitamraa 

43S 

• -2 

48 

15 258 

37.0* Voles 

245 


122 

S3 51 

102* Wasum Satacaar 

72 

+2 

48b 821&1 

3226000 Whkwortn Bad 

84 

+2 

120 

.. 138 
47 11.1 

358* WhOaaaJa Rnwg 

2S5 

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5003000 Wlgtal (Henry) 

173 

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38 

31 

• 

FINANCE AND LAND 

1 


211 

• -3 

18 

08 . 



141 


.. 

i .. 68 

359* Aittriagaata 

130 

•-5 

08 

58 . 


32 3m Baridmr Tech 

215 

£20 

r a . 

1X6 

89 003 


230 

• .. 

5.7 

35 358 

1206000 CMraww 
7.400800 Eqtaiy S Gan 

32 

32 

+4 

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in 


68 

48 1X5- 

492* Maferta 

in 


6Sb 4.7 268 


70 

+2 

12 

24 . 


435* DO 0% 

(87 

+2 

BOO 

92 . 



127 

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— -Templeton GIMi 

IM 


.. . 


Financial trusts are on page 23 


FOODS 

f 

18090* ASOA-MF1 

IM 

9*2 

45 

37 161 

2872800 Aiotae D**s 

a 

% 

25 

104 505 

617.7* Aroyl 

1.1720m AS Food 

300 

11.1 

38148 

294 

-6 

X7 

30115 

2X5* Aaeoc nananee 

117 

+6 

58 

43 345 

1770* Aroma 

507 

-17 

17.1 

34 158 

115* Banka (Skamy G) 
13Xto Barker A OdbKM 

345 


164 

48 78 

15% 

+% 


.. 2*8 

198* Barr (aG) 

315 

-5 

131 

42 59 

IDS 

-7 

X7 

65 158 

l£8m Banayii 

08 

+10 


35 17 3 

2072m Batom 

186 


37 174 

5098a Barietorl JS A M) 
4000000 Blata*ri Coni 

268 





110 


74 

87 312 

441 2d . Boakar 

341 

9-7 

178 

52 148 

30.1 tn Hotlhwck 

50 

+1 

0.7 

12 162 

9850800 Br Vanong (BVQ 
1826.1* Cadbwy-Gcnwappa 
no* Core M*ng 

90 


28 

32 157 

1104 

• -11 

57 

47 215 

176 

+2 

56 

45 9.7 

024O8W canards Daota 

245 

• -6 

118 

45 14.1 

27.3* Do V 

205 

• .. 

118 

54 118 

212* Oufeira 

160 





18845* DM 

201 

-T7 

108 

51 152 

1134* Rebar (Allan) 

209 

+7 

48b 31 17.7 

1992m Fitch LOvM 

266 

-7 

1X0 

X6 164 

414m QariUrkala 

125 

-1 

12 

15 17. 


298m Qiasa Qknar 

221 

-5 

XV 

25 105 

1995m Haztaenoa Fowti 

152 

-6 

28 

15 212 

BX5»s MWidS 

173 

-7 

4.1 

37158 

017.4m HBadown HWgB 

200 

• -a 

4.7 

24 167 

42*0800 Home F*nn 

91 

• .. 

48 

s.i 7: 


245* KltaOr SwMr 

1B1 

-2 

38 

32 215 

628m Icatand Frotan 

579 

• -3 

08 

17 258 

3972* Kn«c Sew 

256 

-4 

74 

39 188 

572X000 Leas (John 8 

136 


30 

38 187 

079800 Loral tEF) 

08Aa Low (Wm) 

93 


58 

&4 as 

536 

-5 

178 

33 151 


1758m MtaOiaws IBamanJ] 270 

• +3S 

44 

18 24J 


3430800 Me« Trade Sop 

131 

•+1 

78 

5J 28J 


2045* Montaon (W) 

220 

•4 

28 

0fl2U 


398m Mentis (Jrfl Mmo) 215 

• -10 

50 

41 WJ 


235* Normani 

BO 

+4 

37 

45 247 


9908m Mhn Fowte 

272 

-8 

114 

42 13J 


1358* Hurt* a Peacock 

IK 

•-4 

08 

35 151 


lXflm Park Food* 

156 


68 

39135 


8SJ.4b.RHM 

343 

-8 

98 

33181 


S351* Row rina Mac 

393 

-IS 

158 

48 ms 


2813S* Bamnuiy 

4034* Stasraan (Cram) 

396 

146 

-12 

-* 

78 

48 

25 235 
32 155 


6244800 Sonporiss 

223 

•2 




3743* Ta* 5 Lria 
1820000 Tavansr Rudedga 

543 

-27 

331 

15 11X 


56 



.. 80 


1. 7906m Tffxo 

410 

+5 

58 

30 234 


8998* Unmate 

019.1* UMBicub 

305 

+10 

139 

(8 H0 


226 

-9 

136b 58122 


145* Wenon 5 PMg 

152 

r -7 

X7b 64 198 


HOTELS AND CATERERS ] 


7JB4000 F Dandy Hoaks 
37115* Grand Mu 

144 

+6 

18 

X7 7X2 


435 

-13 

135 

3) 14.6 


418* Kennaoy Brookaa 
7535* LaddraM 

237 

B+11 

24 

15 132 


350 

B-S 

168 

12 187 


258* Lon park urea's 

SOU 

a -23 

M3 

39 152 



91 

+0 

31 

13 155 


102* Pnrco? Of W Hntata 

BS 

-a 

21 

25 180 



70 

-1% 

37 

39 184 


963* Savoy Huuii A" 

346 


58 

14 117 


1558* Elaus 

66 

+i 

18 

27 158 


1210.0* TrratnouM For* 

155 


78 

31 164 


INDUSTRIALS 


“1 


L 

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1165m 
ewm 
132m 
180 3m 
27 9m 
097m 
37.1m 
195m 
7.175500 
7.764500 
1B3m 
6558500 
164m 
2166000 

2177.000 
812 m 
502m 

2150000 

2573m 

1.1767m 

9.140.000 
14662m 
44565m 

2354m 

9207.000 
1024O. 

903m 
I60m 
324a 
445m 
IS la 
1550500 
2100000 
II 7m 
2965500 
487 1m 
21»4« 

8508 000 
5092m 
8536000 

14.0m 

80 Cta 

29 In 
• 2715a 
7600000 
1315500 
83 Om 
11 4m 

9577.000 
77 3m 
52 3*1 
907m 
360m 

2085 im 
2502000 

314130 

5955m 
4528 COO 
KBim 
8550500 
533m 

2744.000 
85 6m 
21 Sm 

2481500 

380a 

232m 

115 in 
24866* 
3582000 
4250JM0 
7.996000 
423m 
352m 
5.600 000 
1 023*1 
315m 
156m 
153m 
166 a 
213m 
776* 
0572500 
7.190000 


AAH 
AGB 
AIM 
APV 

AOranMi 

AO*«« 


240 

147 

128 

563 

77 

224 


Alixanpi «TM* 33S 


Aunnc 
An® a bid 
Aosiaaaa 
Annum 
Armour 
Ain 8 L acaj 

Eng »% 

Avrora 

Avon RgBOar 

^n* u«* 

B ET Or a 
BETEC 
BOC 
BTR 
Btacoefc 
Ww iCH] 

Band IWmj 
Baba PaMna 
Bvro M 
Bwham 
ataom Rand 

sorrow HtfXMiT 

Barton TraiHrorl Z70 


169 

275 

220 

S3 

a 

390 
43 
M7 

66 

378 

43 

138 

391 
00 

£ 

176 

16% 

363 

226 

160 

138 

285 

45 


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Battson data 

Btaulerd 

>h» (chi 
B asdmm 
Ba** Caamadei 
Bono* 

BMfc«0IS*W) 

Baosionis 


Bm 

BvOMCOd 

isa 05 

Mam |JT 
Bwmd QuJUcast 
B* mmc riem M»n 
Bac* Air?* 
B ack iPyw 

Pus AITVW 
Bocycut* 

BOOK 

Bokdon (Wit) 
Bovraar 
BowaMr b® 
B nama Q to 
Bum * am 

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Bn«rHknaiir 


16 

184 

61 

1.92 

415 

45 

266 

110 

105 

485 

375 

240 

190 

101 

126 

183 

145 

193 


15% 

S-. 

153 

268 

45 

199 

43 

166 

216 


+6 

ii.i 

45 

135 

• -25 

BJ5 

65 

225 

♦I 

52 

65 

128 

• .. 

237b 

45 

1X4 

-1 

80 

78 

85 

• ■ 

122 

54 

11 4 

-10 

98 

36 

2a4 

-2 



1X1 


131 

4.4 

127 


86 

38 

131 

+3 

08 

12 

105 


08 

28 

1X0 

• -S 

304 

72 

114 

-2 

. • 


377 



55 


• +2 

14 

11 

103 


86 

28 

136 

+3 

14 

U 

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• -37 

34b 

25 

165 

-4 

239 

X9 

148 






14 1 

48 

134 

• -10 

98 

35 

188 


114 

65 

129 




555 


183 

58 

131 

-2 

1X7 

47 

53 

r -6 

B30 

53 

128 


38 

38 

108 

-35 




• -1 

30 

50 

107 


25.7a 

95 

83 

• +1 

15bll5 






-2 

39 

64 

88 

+2 

87 

37 

105 

-6 

171 

41 

178 

-i 

18 

36 

368 


•rrag^EnsAcMS 


Br swram 
B> via 
ETOhsn Hr* 


2SO 


Bn*u 

Braoto Tp« 
Brown 6 Tana 
Brown CJctm) 
Bn*WU (Must 
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Btros-Anderam 
Curtart &w 
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Causa Eng 

Casang* 

camoon 


74 

253 

383 

TO 

34 

34 

146 

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70 
264 
348 

76 

81 

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480 

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9JO 85 90 
01 5 8 275 

aim 18 i23 
86 23 29 0 
93 43 143 

3.4 18 368 

53 62 11.6 
01 48 125 

03 48 108 

71 48 97 

21 I ! 199 

1.4 32 7 0 

25B 08 210 
93 28 133 

10 1 *5 14.7 

136 48 I9> 


175 6 9 1T8 

18 36 95 

73 45 154 

05 1 2 287 

7.1 06 96 

7 4 14 165 
ia or .. 
Ii.i 04 108 
57b 77 73 
73 25 161 

15 27 M3 
07O 
2-0 
103 


43 

124 

36 


55 65 
70 9.0 


61 138 
48 116 
. 15234 

43D 67 125 
25* 31 139 
24 6 7 >7 

29a 4.1 105 
21.4 45 118 
43 45 87 
14 48 143 
I 


Capoabratwn ' 

C Company 


Pros Choa Cross Or* 

(an of (* IB 
Fnasy me* penca PfE 


3801800 
2561500 
iZJSm 
29 4a 
389S500 
2748* 


Ctatra 6 Baar 
Canaauay tad 
CH tad 

Qmram i Rl 
Cbambarfta 8 « 


178a Chacnftag 


81... 

ass.ooo 

161* 

3300500 

0320500 

92.1* 

7897500 

192m 

6543.000 
115n 

6135m 

2519500 

0867.000 


CM* Him* 
Oak* (Cla*aiQ 
Oaynn Son 
Cohan (M 
Cotoroa Op 
CunMad Taps 


128* I 
1052m i 
4&2m I 
8065001 


'Musty 


Cent 

Cook (Wm) 
Cotnown 
Copsoi (F) 

Costal 

Caunno* Papa 
Cnon D* Qraot 
Craai (Mahon 
Craan House 
CWSaPA 

DSC 

625a 
5825a 
13S28H _ . 

1524500 Danas a Mai '*■ 
lMa Da*taa 0 Nawman 
1278m Davy 
4203m Da La Rue 
2533m Dan 
148m Dartand Stamping 

aj2m 

1.790000 
KLim 
7Us 
0225586' 

400m 
10.7m 
1320.000 
6.144500 


Oohaon Rarit 
□orn 

Oonmon tat 
Daah 

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5 


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tan 

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84 



34 

45 

104 



68 

75 

131 



55 

82 

108 






560 


2X7 

37 

128 

290 

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75 

37 



+2 




S» 


85 

37 

558 


+2 

1X0 


94 


-10 

154 

32 


201 

+3 

7.1 

39 

165 


r +1 






86 

65 

137 

02 

-2 

>8 

14 

234 

225 

+6 





• -10 

115 

28 

128 

50 

-2 

35 

45 

2(9 

00 

-2 

45 

68 

103 

391 


148 

37 

135 

59 

-1 

ao 

61 



-0 

55 




-22 

118 

68 

1X1 

£101 'i 

i -2 

376 

28 

.. 







•-10 

28 

18 281 


+3 

158 

85 

125 


+1% 






32 


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148 

54 

54 


+1 

88 

61 

75 


-5 

187 

61 

114 

ire 

• -7 

B5 

55 

67 


-6 

114 

4.1 

145 


• +5 

1X4 

45 

89 



02 

32 

218 

106 

-SB 

78 

45 

104 

09 

-1% 

74 

•3 

138 

03 

•+3 

7.7 

30 

M8 

1<B 

-9 

72 

7.7 

115 

125 


31 

18 

757 



64 

80 

145 

M 

-1 

64 

94 

136 


E-K 


320* Eaatan Rod 305 

T0ta Edbro 176 

60.0a S3 m -3 

4597500 SOW 39% #4-1% 

223m 9*0 130 -S 

25TOL2m EMdroAlx (AE) V (31% -% 

T2An BSoit (B) 75 -3 

6938m Enttl 122% -% 

0410m EngMi China Osy 317 -8 

0410m ErScn (LM) ^ Z25% +V 
4i_zm EmMna Hbuaa iso -3 

2608* European Farlaa 118% -1% 

91 5m Do 5* Prf 139 

saim E«ered 914 *-4 

505a Expanat 189 9 .. 

1716a Etata 34 -5 

125m FMcon 43 -1 

5508500 FmOM Atble tod 32 

40J7M Famar UH 132-0 

2542500 FSa Indmar BO -1 

13801m Ftaons 565 -6 

14.1m Rtzirihon CM a8 

2511500 Raxato CM 98 

0705500 Fotrai 38% 43% 


10.1* liM Qrn N/V 33 
225m Rnhaitfl iHinay m 
074X000 nancfiahroaal 63 
328m 6EI U 

3548500 MW Eng 
xajm OasMBMr 
121* daw 
08098m Saxo 
3545* Oynwad 
182* Oort® Kan 
298m Gnmvtan tfldga 
6772m Granada 
1415m Quda* 

7816500 Hat* Preen* 


i+% 


47 
90 -2 

247 ta-13 


300 

99 

99 

112 


290 

270 

143 

270 

172 

78 

200 

128 

190 


47 

-1 

-30 

-2 


-13 

-3 

-1 


+7 

*3 


975M Hal (Mf 
5529500 He5S» 

1015* Htama 
iSM HamMon tad 
105m Hrotam 
58225m HMMOA 
3435m Do B%Cn» 

1735* Do 8%% PI 
18709* Do 10% 

975* ita raraw a s 
8500500 Hana (MU 
8055m HBNtar SUdtaay aw -40 
2002m Ha*4a* 103 ta-5 

0.400500 in {SJorffis^ ISO -0 
2895* Hapwcnh Carandc 184 ta-13 

615m Haattar 
1400500 Hawn (J) 

1.454500 HWio*ta < Job 

67.9* HoMa Bros w 

4XBm HoO (Jowl 87 

SButa Hapnaaena 292 
521M Hoadan m 

GX4* Hontna Mm 324 
3&3m (krttag Oom 1W 
18583* Hotchsn Wr*n*oa 377 
4854* IUI 152 

22.1m hom* 180 

5500000 Jadaoni Bouma 2*9 
5706* Jaidtaa Math ITS 
555* Johnacm O aa n ar s 510 
2385* Johnson MMtney SIS 
325* Johnson A FB 31 
SUfeo -JohnsKxt 310 

12j4m Jonas 6 SMpman 104 
106* Joudan (Thm^ 111 


50% 

41 

195 -2 

El 23 4-1 

117 41 

E12S% 4% 

278 

250 -a 


156 
160 ta-23 

ISO 4-16 


103 07 7.7 
1(17 01 115 

88 38 104 
2.7 08178 
75b 01 115 

03 07 102 

139 01 .. 
101 01 108 

95 04 .. 

05 03 145 

08 58 |8 

7.1 01 .. 

07 23 118 
85 58 101 

103 01 158 
.. a .. 8S5 

2.1 U U 

7.1 04 208 

00 105 145 

04 15 201 
1.0 10 .. 
68 04 88 

05 08 .. 

01 88 12 tt 

*5 01 73 

125 7.1 138 
01 7.1 .. 

04 95115 
175 75 03 
105 35 15.1 
55 5.1 7 A 

51 01 09 
47 38 135 

M.0 2L2 175 

128 48 108 
155 07 IDA 

00 02104 
105 00 12 2 

28 35 104 
125 65 04 
04 01 95 

T45 75118 
24 08234 
18 38108 


1 

412 

*10 

-2 

*7 

-10 

5 

4 


07 

BOO 

02 

1000 

105b 

102 

214 

27 

38 

106 

01 

07 

45n 

02 

107 

58 

12.1 

06 


28175 
01 .. 
78 .. 
78 .. 
07138 
55128 
02 92 
25 02 
34 298 
55184 
38 101 
28101 
.. 385 
02 278 
04100 
87 115 
38 38 
07100 
75 88 


S U8 

104 


4054000 Ktanano 
309* Ktaon 
0802500 Kaisey tad 
7800800 Kennedy Smtae 
»L3m Karahm* (AJ 
5820000 Maan-E-Za 


•-1% 


aS ta-5’ 


78 52128 
21 18 27.1 
08 05102 

304 
00 

.. .. 109 

118 08121 
05 55 08 
05 S0 105 
14 04 74 
18 02 200 
114 4.1 108 
07 48134 
214 02 217 
38 45175 


L-R 


2775800 

1O0M 

1744* 

3830000 

102 * 

3827500 

0702500 

109* 

9500500 

61.7* 

0773500 

825* 

2918* 

1301* 

259* 

218* 

100 * 


4.426500 

1565* 

5719500 

278* 

105* 

118* 

4457.000 
5098m 

30 3m 
248m 
62.8m 
178* 
552* 

a ass 

395m 

418* 

601* 

7737.000 
108* 

2798* 
818* 
121 * 
204* 
118* 
157X211 
154m 
108* 
1686* 
3998* 
709* 
15727* 
4810000 
1905* 
158* 
1717* 
329* 
117.6* 
1536500 
1.0083s 
438*1 
4552000 
1.1*32* 
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43 im 
1.1904* 
198ra 
368* 

11 An 

IMh 

3566000 

193* 

1.460500 

5.740500 

2*8* 

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126* 

0566500 

158" 

B878JJOO 
3*8* 
IB 6m 


LDH 

12&1 




UtataWHl 

lk* Moano 
Do Did 
Lon 0 Mn 
Lon kta 
LOW • Sonar 
ML Hdga 
MS IM 

mv r 
Macarttiy 


35% 

113 

213 

57 

02 

185 

B9 

TO 

31 

MO 

116 

74% 


M-1% 

-1 

•-0 

-8 

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-% 

44 

-9 

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PWI 
MctaaauM 
M*gno4i 
Manch aa tar Sdp 

M una naaa 

Maring 

Mmal (LoaMyj 
Mat* Box 


131 

a 

230 

100 

ese 

66 

77 

11* 

163 

143 

70 

54% 

111 


Morgan Croatia 315 

■-Mta 29 

ui i«! 

nan mm 33 

Nawman Tonka 149 

Non* 6 Lund ISA 

(MR* 50 

Nereraa 22* 

NU-8MR IndS 186 

OMca Sad Urn* IDS 

Passer Kid *07 

Pamsh 4T 215 

Paanon 6*a 

Petal 45 

Piaiwi 1*5 

Pagtr-Hdirtaar m 

roaed tad *30 

w o o Me Ci2% 

Ptasdc Conitr 82 

pends 260 

Ponir ChadOun 335 

Powaa Duftyn 270 

PrasMN* Hugs 102 

RHP 153 

Raoam Mam 135 

Rank OB 504 

Ranaoma Sum 158 

RattWs tGl Bnogaf 93 

Radon A Cotasan 771 

Radlaam Oasa 1B3 

Raad Exacubva 411 

Read h Mi 

Rwytm 196 

Rmld 57 

Raronar 115 

Raulars 485 

Rasnora 35% 

RKWOO 6* IBS 

Rkhanl (Lwca) 83 

Rkhardson Warn 45 

Robertson Res 95 

Rounaon (Thornes) 321 

Rodnmra a 

Roonsr 105 

Da A' KH 

RoepU 2% 

Roto*. 129 

t*J 33 


238 ta-27 

413 

39 -1 

41 -1 

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410 

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46 
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08 23 08 
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08 43 IS 
28 01 04 
11 U 18 
02 18 318 
88 58 05- 
54 73 01 
18 01 118 
148 7.1 118 

74 18100 
98 28 188 
75b 08 150 
114b 28 109 
28 03 88 
18b 04 101 

07 28174 

2.7 64 00 

148 01 114 

05 55 98 

00 18 217 

40 7.1 07 
28 02 38 

07 00 88 

68 48 .. 

94 07 214 

08 48118 

01 118 138 

04 SJ) 127 

118 08 98 
128 40 174 
0.1 03 168 

100 78 ' 01 
14 48 500 

103 08124 

18 18 335 

14 24 502 

138 58107 

07 01 2S8 

12.1 01 01 

17.1 48 107 

154 28 108 

98 08 138 
200 47 138 
28 06 2*4 

02 0 7 224 

198 38 103 

4.1 58 1*-4 

104 48 118 
28 08*08 

217 0O1B5 

101 118 137 
6* 4JT 114 

06 07 218 

225 46 174 

74 4.7 128 

1.7 18 04 

3X9 01 105 

28 15 115 

04 18 158 

09 48 103 

09 5.1 68 
64 05128 

64 1.1 374 

14 38 118 

48 34 109 

00 05 08 

.. 9 .. 205 
38 35 118 
. . . . 441 

. . a . . «8 
98 09 79 

08 01 78 
.. .. • 1.1 

01 68 07 

28 28258 


S-Z 


4476800 
45.1m 
175m 
I8ifca 
1674* 
28 4* 
39.7* 
_ 113* 
*826800 
606 m 
117ta 
M5* 
330*800 
24.1* 
SO* Ml 
244m 
1579m 
*03* 
ID* Im 
3563* 
937 3* 
1.440800 
4M.I* 
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a 

S*M TMay 
SantanirM 
Sanaa OoTOon (J) 


Seoa Qrearaiam 
Sen HaraaMa 
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H' 

6561800 
9813800 
9*9* 
8759* 
300* 
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3879800 

3891.000 

45J* 
1*93* 
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2.115000 
fin— ; rein 
2528* 
4195* 
0M0DOO 
2*5* 
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£04800 
1 ! 0 m 

0740000 
0760800 
33 ** 
2784m 
1.0' 09m 
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254 0m 

0904.000 

0256.000 


Sedan 
SMSaw 
Saba 

S rp'iM W bl 
Sanon Eog 
SO Huraird 
ShaicMay 
SKF «■ 

Smth & Nacmaw 
Sm*i Mhworai 
Sm»is tad 
Soaar mini 
S ptau-SaRii 
Stag Funnura 
Star Comp 
Smvaiay 
S t aaOay 
Smntag *d 

sweMaba 


Swnnr a pw 
S unatad Sarv 
Suer 

Swira Paedie A" 


Syaona 
Tf 
TNT 

TSL Thasnad 
TMS 

tuaaa CM* 
Ttabn 
1 Tados 
Ta* Htags 
Thml MM 
Thomson T-Ltna 
Tgattnl (FH 
Trtatagar House 


Transport Da* 
Tranwoeo 
Tnaiia 


24% 


28a 94 52 

£13 

• +5 


47124 

M 



31 728 

77 

• +2 

37 

45135 





142 

+1 

4.T 

38148 

138 

-2 

45 

38 125 

isa 


45 

25180 

130 




12S 


1.4 

1.1 336 





45 

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55 136 




33 61 

m 


125 

11.1 7.1 

735 

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27 131 


+1 


8*284 

265 

+12 

124 

49 25 


-4 



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87 189 

£34% 



ali lire 

113 

-3 

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36 





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176 

at 

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95 

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448 

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2*5 

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120 

-12 


.. 31 

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88 136 




25 224 

157 

a+3 







ITS 

-5 

148 

82 180 

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-17 

2X0 

47 M9 


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-5 

49 

49 45 

950 

+5 

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30168 

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-2*. 



5% 



.. 85 




58 1X1 

l» 

-3 

84 

58 105 

115 


31 

37 128 

316 

♦E» 


15 236 

273 

-35 

59 

775 

-16 

189 

89 75 

ZSS 

+2 

137 

80109 
58 lit 

176 

9-9 

94 

16 

-1 

Oil* 

.. 288 

00 

-1 

XI 582 



f 

\ 


CflOBabOOn 

E Company 


Pace Cb'gaCrass 0% 
MS on dbr Yld 
fnaeywaek p**« % 


P/E 



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! Wood'tiraw] 
wood (WO __ 
Wbodha u M 6 Rta 


25K 


B4M800 Yoons (H) 


54 00 
.. 504 
... 38 144 

101 58 118 

01 38 218 

18 18 138-. 
01 01 218 
145 27 178 

46 44 00 
38 18301 
.. .. 147 

48 04 274 
78 74144 

35 15158 
78 02 34 

M3t» 08 125 

05 78 01 

win 37224 

15 58 . . 
158 27178 

06 01 17.7 

.. ..148 

48b 08 108 
25 01 118 
01' 01 108 



-7 108 68 .. 

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3.1578m Am Qwi 
*37* Bradsocfc 
1678* p rt w ee e 
17058* Com Union 
'ill* 




18375* Gan AcddaM 
1820Mi ORE 
IHtm Haath C E 
1578* Hogg Raetason 
18632m Legs 6 Ow 
216Jha SS* 0 Mtal 
9X7* Lon-UU tav 
1J63.0H Mwtai * Mein 
1977* IM 
917* PWS 
6907* Paul 
27638* PTOdaMW 
201 JT 


op 


18507* 

2038* .. _ 

1003* saega Htdgs 
1 8802* SunAbanca 
5174* Sun Ufa 
*6 jM Trade tadwmdcy 
7735* WM* Ftaier 

luvestmoit trusts are on page 23 


133 
125% 

£740 -5 

£27% -% RU 32 .. 

365 05 28207 

4113 +3 447 55 .. 

292 • 174 68 .. 

263 -3 98 87 .. 

420 e+*0 

S3* *12 248 4.1218 

IBB 420 425 01 2*8 

55S 473 3(8 03 38 

3*3 ■ . . 0.7 *.0 1X3 

229 • 128 04300 

201 *-2 00 *5 255 

*26 -8 2*5 0910* 

047% •*% 220 *5 .. 

255 *42 114 48122 

307 *28 102 *8 148 

El 4% .. 001 48 .. 

TM a -11 385 01504 
418 «+5 204 48 .. 

044 427 338 48 602 

356 «*1 17.1b 45178 
480 •-10 . 107 04 138 

392 -6 108n 25 202 
714 429 275 38 543 

074 *-0 354 4,1 .. 

215 9*12 65 25 78 

462 *-7 125 27 218 


LBSURE 


0970500 Bar 6 WA 'A* MD ■ 

6867800 aoosay A HaadtaO 175 

5X3* SertWMw 189 -4-2 

650.000 Carapan 93 S4< 

475* Ovysali 170 +13 

1195* First Utaora 390 9-3 

225* ORA 90. -1 

91*800 Hanbwger Brook* 70 

BOfl* Horton Travel 122 

678* tat Ltawea 112 -8 

7890000 Jitaara* Htdgs 40 0-3 

780* Lae Ml 104 »-2 

3825800 Mtatadnsw 145 

217.1* naaeuroma ;m -to 

428* Ready UsaM 290 -10 

6500000 Way LaTOira 41 -1 

203® Saga HaMays 131 

35A Samuetem Op 165 +15 

154* ftralay IMsura H2 +2 

98*3800 TdBMhui HdHpur 80 -T 

115* Zaoars 190 -2 


108 08 04 
.. .. 202 
78 48 164 
14 21 108 
08 46 115 

03 85 198 
.. .. 448 

.. .. 01 
U U SI 

7.1 08 104 
18 38 168 
39 24 155 
.. n .. .. 

11.1 37 124 

101 01 198 

.. • .. 227 
08 5811.1 
34 11 38 
48 32 .. 
.. a .. 123 
7.1 38 105 


Comparo 


Price ChgeOK** 0* 
last on 9* T* 

Fnoay weak oenca % n* 



> i —r :. 

• : \ •; 


OVERSEAS TRADERS 


135. 



3S3& * 

1638* Tatar KwroMy 
435* Ytaa CM* 


PAPER. PRINTING. ADVERT'G | 


27.1* AbboR Mead 
505* Adtasan cone 
115* Akjco* tat 
*78m Ataoe I 

Atat 5 

22J* Bam* | 

133* r 


6S48m BPCC 
1596.1100 SnMtang 
3529800 DORJV 
9012m Bund 


B5308B0 Chromm 


2701* 
17 An 
227* 
724* 
178* 
11 . 1 * 
102 * 
128* 
233m 
101 


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EuctaypwMp 

sgrszxm 


OoU 
Oooa Rattafons 


1350* 
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213 

115 


no 

190 


173 

no 


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610 

275 

345 

7* 

186 

145 

290 

120 

373 


1892800 

lOOJta 

6515* 


130 

133 

£19% 

62 


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107* 
4.7X3800 
91 JM 
321* 
1100 * 


iMVlfilB 
McComnataa 
Mora OTa^ 

Norton Of*K 

Si ires ST 
SaakM 6 seabdd 595 
Do 88% Cor Prt. 160 . 
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UahariMwr 216 

«&*-" 

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WCR8 435 


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18 
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108 
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95 
128 
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07 
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11.40 
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18 207 
28 .. 

38 178 
09 105 

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68 000 
04 138 
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48 4X4 
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1.1 275 h 
00205 - 
1.1 68 
47 11.1 
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18 106 
43 17.1 . 
28138 
18 301 
07104 
45 245 
06108 
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06 220 
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12-90 133X9 
228 38 118 
M SO .. 
47 00 ... . 
KLB 68100. 

17 ” ft. 

. 74 41 168 
37 3414.1 


PROPERTY 


MINING 


lOXAn Aag'Am* Cota 
USUhiMg Am 
9358* A* Arid 
4858* AAIT 
502* AiMovaai 
67.0* Do -A 
0540000 Arar Hum 
755* Btyvoora 

107* Qraokan 
1292* BMMa 
17099m CRA 
266* Cam Boyd 
1860a® CM* BcddMda- 
1J0* Da Ban 
1488* QaaOeaal 
875* Doomtomata 
9765* DMkMtan 
10J* Dwnan 
29J* e Daggra 
34X8* BbSm) 
9.473.000 Bto 
37.7* Ektnro 
SOT.1* E Rand Qtad 
197* E Rend Prop 

FS Com 

PS Da* 

605500 Geeror ~nn 
TM8* Gaobai 
56a 1* Gar Utatag 
6702* GFSA 
_73*n GM KMgoorf 
0774800 Oop£3[" 
268* ocaaoSch im 
228aaouMal 
398m Kamptan Araaa 

4001* Joianlas 
137 An Ktaroas 
1395* Wool 
128* IM* 

ssssr: 

5*77* IBM .. . 
1528* Mtaaytaan haotag 
253XIW) Marita** 

21 2m Metals a* 
.1.iSM.OQ0 Uwguri 
978* MUD* WM 


N» , 

1001* Ndi Kataurii 

HUk-aSSTta 

2215* Paso WMssnd 
- — Rand Mines Ltd 
Rsnd Maas prop 


2071 

18992a RIZ 
801-9” nolarttwg 
- 7RJfcri ® Haiana 
7,169800 SA Land 
63X7* Soudmsat 


■J. .. .. 61.1 

-125 5*8 02 .. 

-8% 44« mi .. 

-4 271 58 .. 

-3 142 48 .. 

-2 142 44 .. 

+10 475 338 .. 
-6 768 201 .. 

-30 ?*n ami . . 

-1% 282" 225 
-14 .. .. .. 

• -60 308-04105 

-36 108 -37. .. 
-25. 40 2.7... 

-»a 928 138 .. 
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• 44 U 31M5 
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—45 2K0 118 .. 

A. 

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-3% 113 48 .. 


3A61800 Svajai Bail 
tana Donah 
1155* Utaral 
«3.7* va* Reals. 


X2SLOOO WtaUda Cotaary 
1248* WSHom 


0923JMO weal Rand Cdoa 
405* men Oaak 
12X3* Mroa* 


473 


no% 

27 

12 % 

SO 


+15 



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465 

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105 

-9 

158 

148 

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98 

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235 

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77 

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178 

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4860000 AC 

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907m asc 


IB 

155 

117 

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■MmBSL 2S 

1234m BT Car AucSon 1SB 
8JOXOOO Ctatyns 211 

31.1* Cowm m im 

a.l*D*tt(h«lnyj vx 

*17-2* Dwny zw; 


.. 1071 .. .. 

+3% .. .. 314- 

+2 05b 58 78 

S-0 . 38 35T14 
-2 17b 61 106 

•-1* 1L2 41 VL9 

• -26 234 03 95 

+5 58 38178 

78 37 .. 
+0 37 &t 07 

+3 ' 84 61 34 
-5 78 38135 


1168* Abaco 
34.1m Ataad Lon 
Apex 

934* AiSngton Sacs 
37J* Asda 
2T4*Bta9M 
11 7 An Man m 
1145* SnaSwJ 
22*5* Hr Land. 

1340* BBMM 
ZTuOuOOO Cakd (A) (Sons 
254* Call 

1027* cap 5 Cbutaaa 
(UDS80D Cental Prop 

294*1 

•• 030a 1 .. 

7.196000 ana Nkfctale 
4XOss Ccnnsls 
io7* r 


• -5 

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190 +5 


310 

144 

270 

3 

164 

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08b 04 038 
28 28 105 
£3 38 178 
34 18 .. 

48 .1541.1 

04 44105 
"174 08 148 
128 61 105 
48 27134 

05 08105 




334* Erant a Leeds 
ns* FJ*e Oats b 

748* Fregnm * 2H4 
2578* Sr Port** ' 175 

. 1728a Oraycost 23Z 

- — HanroodOp £13% 

1618* Henbra OmamyaanaBOO 

1 jX2* Hemanoa 435 

52X7* Do -A' 415 

205* HtaBptoa Tkt . *2 

128a H a n w ■ Druce 233 

■ 2(7* HBdMe 370 

KjmKb Le" 1 " 

fflj.a* tony 370 

XOOOJOOO Jarmyri . . . .300 


• .. 204 25 114 

70 08228 

■ -K38 ZB 05 .. 

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-10 17.1 *8 »M 

• +5 " 181 04 218 

853 9+2. 74 282*4 

17% -1% .. ..38 

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• 00 38007 
308 01 123 

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37 15 2X2 

121 75138 

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+3 ■ • ass 2 . 1 . 223 

101 4.1 I4J7 



1504* Ltan Prop 
18 * 02 * Lm 8acur 
1587* Lon 5 Edta The 
.345*' Do0%% • 
434* LOT 0 Pro* 3*JP 
175* Urn Stop Prop 
398m Lemon 
019.7*MEPC 
178* Mtarniqr 
. .365* McKay Secs 
1*8* MtaMia*h 


1208* MoundaVi 

- 277* MaeMMaar 

61Z* MucKktar (A5J) 
106* MUtaG*^ " 
147* Ntar I . . 
9430800 ParUtae 

92.1* r _ 

105* PHast l , . 
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1«8* Prop Hbga 
. 955* Prop Security 
1 ST* flataan 


327 

660 

MO 


340 

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47 

210 

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£10 

756 


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28 14 ... 
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148 4.3 218 
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58 48107 


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3 28 161 
57 18404 
148 14 128 
7.1 08 115 

'7.7 78 144 

173 05 43.1 
17 18 925 

23 28145 
128 45185 



478* Tpmi cenra 
205* TiWford Ptrir 
0293.000 UK LM 
■015* Warner 

74.4* Warnfcrt 

1707* r 


746UI00 Wat* urn) 
5840800 Wsct fcaudby 


. 779 
130 


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-15 29 1.7 255 

+1 88 45 178 

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♦1 14 28315 

• _/. . 17.1 74 125 

. • 278 38 338 

-25 243 01 27.7 

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SHIPPING 




gT-taa Aswcar Pens • an 9-9 7.7 

s^;&as on ^ -, s 3? - ?t ss a 

iMamS!***"** ~ *?- -M « SS 

14.9m Jacoba | 

. 661800 I 

360000 L 

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-10 214 48413 

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+1 y. a .. - 05 

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57J*H*q(* 
1819800 TUP** Soon 


«S *-16 268 BJ 142 
1*2 +3 7.X 48 245 

2“ +5 01 21 194 

360 128 34 B02 


















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!»*■»*«**• •' y -- - 


appointments 


t Andrew 


J director 

I.SlAwlrew Jmsi: Mr Rod- 
WjMSeOfge Hanna joins the 

£ Hoenig Institutional Ser- 
mxs Mr Clife Sincfalr- 
rtoHon becomes managing 

SS ™ arkeli "& and Mr 
Nigel. Weller becomes manag- 
ing director. trading. 

_ Saccone & Speed: Mr Mike 
Trotman. . is made director. 

Sa ? 0ne . Speed Inter- 
national. Mr Mike Coinings 
occomes marketing director, 
Mr Peter Harrison sales direc- 
tor, and Mr Robin Wall 
operations director, Saccone 
& Speed. 

' P~® Securities, Down, de 
BpCT & Duckett: Mr Jack 
WftochM- becomes a director. 
Mr Wilbana Smith and Mr 
Fraser -Jennings become joint 
managing directors. 

Harnson of Birmingham: 
Mr Roger Wisbey becomes 
marketing director. 

Manufacturers Hanover 
Trust: Mr Gordon F 
Blackman becomes vice-presi- 
dent. Mr Keith S Bates and 
Mr R V Fernandez become 
assistant vice-presidents. 

Citicoip: Mr RBS Gate 
has been elected chairman, 

* and Mr Peter Carlson chief 
executive and group managing 
director, 1 Citicorp Insurance 
Brokers. 

C E Heath Group: Mr B K 
Pitt has been made an assis- 
tant director. Aviation, and 
Aviation Reinsurance Brok- 
ing. Mr M N Harvey and Mb - 
A G Needham become direc- 
tors, and Mr S R.H Rice and 
Mr JON Terndrnp assistant 
directors, C E Heath Inter- 
national. Mr Rice also be- 
comes an associate director, 
Latin America. New assistant- 
directors are Mr C F Caine, 
Lancashire, and Mr D P NeO- 
son, North America. 

Astrophysics Research: Mr 
Derek Kemp has been made 
managing director. 

Manley Ratcliflfe, Richard- 
son Foods (UK) : Mr Greg 
Thompson becomes managing 
director and Mr John P 
Fletcher sales director. 


ANALYSIS 


Which clones will turn sour 
with Sugar’s challenge? 


Thw® has always been a gap ” . - . ■ 

between what the manutac- A mcfpnrIV 
turers have known computers xm-UlSlf it-U 3 
were capable of doing and i • “ 

what the users- have been IdTOCi 

capable of understanding. . . lUlvol 

But technologists anlid- 1 j • 

pated a much earlier accep- VO 11111011 
tance of new ideas by the l^»vHUIUU 

customer than has turned out A significant polarization of 
to be the case. the personal computer market 

Take networking, for exam- is likely to take place after 
pte Networks enable iudivid- Ams trad’s announcement that 
■dls to link up personal h win be mass marketing 
computers with each other, cheap IBM-compatible ma- 
and with a larger departmental chines, known as doses, 
computer, or a mainframe. The top prices for IBM 
The benefits to business can machines and its clones are 
be enormous, yet networking £2,000 and more. At the 
has simply failed to catch on bottom end is the mass- pro- 
as fast as its advantages merit dnced Amstrad IBM personal 

The reasons are not hard to computer done, with a starting 
find. Technically, H has been P™* rf £399 pins VAT for the 
difficult to' put into practice, sk&te disc-drive monochrome 
Not only have the various TeR » , >' ris™* *» £949 phis 
manufacturers* products been VA T for the 20 mega-byte 
incompatible with each other. disc colour version, 
but even the same manu- Tfce companies that have 
fecturer’s mainframes and *» establish themselves 

personal computers have at either the very top or in the 
proved difficult to fink up. «arket will find it 

Furthermore, the cost of increasingly difficult to corn- 
supplying large numbers of P*®* „ 

employees with individual Amstnurs first computer 
workstations has made net- success story, its PCW range 
working an impossible dream of wind-processors, was aimed 
for mosroffices. at the home, to compete with 

Digital Equipment (DEC),- £l,, typewrit ^\ **“ 

the world’s second-lamest P 0 ' appeared, the home 
computer manu&cturer, pio- Swum . estimated ^ at 
neered the development of for the . st Si^? Iie 

compatible machines: DEC wo ™ P««sson me FCW has 
customers have found it eas- ^de , a oonswise of these 
ier. therefore, to enjoy the projections. 

benefits of networking than - ■■■■ 

have those who own IBM andexpected to be available in 
personal computers. the thud quarter of nexi.year. 



Alan Sugar, chairman and 
founder of Amstrad 

The new machines look set 
to create a similar revolution 


” ” f ■:,5TX possibility of creatine net- 

by changi n g bnsiness spend- w^j provide a further 

mg deoswns, creafing demand boost in a year. 


because they are cheap. 


A S? er * m '. ****?« nuukeL This his »pS 
S Sf 6001 the hoW >y raarket and 

children’s games to word 
processing. Amstrad is mak- 
^ Bnsm f ses ““ «ng available an affordable 


IBM personal computer challenge DECs lead in 
users have to switch thfem to .netwonong. 


terminal mode to access (he 
mainframe. They then switch 


The 9370 promises to make 
office networks a valid option 


back to personal computer fora number of IBM personal 
mode for local processing and computer customers who 
local storage. But it has not have been defeated by the 
been very easy for the user to technical difficulties. 


"fr !* » » *■ ’!■ »- machine, compatible with the 

to? K^XSnaeSolo^ 

paid for a angle macfahne,- £-, 0 ^af£'re. Be,,,P,0! " 

" . ' 7TT 1 ' ■ "T 1 1 The price of the IBM per- 

^ avrH ^ 10 sonal computer and its clones 
cope with mastenng new ma- has slowly been felling. But it 
chines in addition to keeping ^ unlikely that they will be 
up with their jobs. able to compete with Mr 

The ultimate success of Sugars latest onslaught And 
networking, however, may de- not want to. 

pend on more than simply IBM s high-cost sales and 
overcoming the technical bar- marketing structure is de- 
rim and user resistance, s** 0 ® 1 for togh- value 

Many businesses, conscious of proriucts. The commission- 
the efficiencies possible with based payment system makes 
(Yurmnim hsivp twn ha_ it hard for IBM salesmen to 


tlnii] now. Soon, it win 
become easin'. IBM’s new 
small computers, the 9370 
family, launched this month 


The managers and employ- 
ees will still have to learn how 
to use the networks and this 
will take time. Most will not 
be - technically minded and 




1966 

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computers, have been de- it hard for IBM salesmen to 
terrcd by costs of more than achieve their targets with low- 
£2,000 for an IBM-compatible va J^P r 9S^ 
personal computer and more What IBM s response to the 

Amstrad challenge will be is 
anyone's guess. IBM, as usual, 
is giving nothing away. But it 
may well concentrate on the 
top end of the market, leaving 
the field clear for Amstrad and 
the mass marketeers at the 
cheap end. 

Compaq, manufacturer of 
powerful IBM clones, looks 1 
secure. It offers 40 per cent 
more performance than the 
in 1*. is 4iio7 IBM personal computer for 40 
-4 17 per cent less money. It has a 

r +1 28 io8 128 I faster processor and more 
gs -« -'•_■ storage. ' ' 

iS ■ *5» 44 38 107 Apple, likewise, has its own 

“ •“?. M 36107 band of loyal followers and 

^ +i a m ns win continue to do welL its 
iST :: to to i3i devotees like the compactness 

ioo . .. . .• .. of the Apple machine. 

“ .. to* to The manufacturers who will 

g +5 i4 # i5 148 feel the draught of com- 
petition most are those such as 
Apricot who have tried to 
position themselves at the top 
end with specialist products in 
niche markets. With its XEN 
range. Apricot has gone for 
high margin and low volume. 

“They will get low volume, 
but they will also get low 
margins,” said Mr Anderson. 

Likewise, Atari and Com- 
modore will find the going 
tough as they have missed the 
retail opportunity. 

In contrast with its PCW 
word processor, where Am- 
strad appealed to a market 
that was virtually untapped, 
its IBM personal computer 
done is attacking an estab- 
lished market, which has been 
low-volume, high mark-up 
until now. 

With so much at stake, 
other computer manufac- 
turers and their distributors 
are not likely to lie down and 
let Amstrad scoop the pool 
But Amstrad is not about to go 
away and it is up to the 
computer establishment to de- 
velop a strategy to meet the 
Amstrad challenge. 

Carol Ferguson 


21 17317 

52 40 23.1 
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38 33222 





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for the IBM personal 
computer. - 

This is where Amstrad 
comes in with its new IBM 
personal computer done. The 
amount, of money needed in 
the past to buy a single 
machine- will now buy up to 
four Amstrad IBM pereonal 
computer clones. These can be 
linked with each other and, 
eventually, with the 
mainframe. 

just as its word processor 
blew all estimates of the size of , 
the home market sky-high, so 
the very availability of a 
genuinely cheap IBM personal 
computer clone mav trans- 
form the outlook for 'demand 
from the business market. As 
Mr Jim Anderson, analyst at 
Wood Mackenzie, the stock- 
broker, said: ‘The cut-off 
level, where an employee war- 
rants a PC on his desk, comes 
down.” 

The persona] computers can 
be used alone immediately. 
But the promise of a compat- 
ible mainframe and the 


[COMMENT ] 


Hold tight! The real 
cost of bus revolution 


Then there is the home ■! 


For roost of the country outside 
London, the most immediate item of 
deregulation this morning will be the 
freeing of scheduled bus services from 
-licensing, of competition introduced 
back in 1 930. On the first working day 
of the new regime, at least it promises 
to be less of a Big Bang than a small 
phut. Only about 3 per cent of route 
miles covered by buses will initially be 
subject to new competition. 

The experiment does, however, 
make it a red letter day for those who 
have criticized the Government for 
putting too much stress on maximiz- 
ing the proceeds of privatizing state 
industries instead of exploiting the 
potential for competition. Buses 
represent the opposite approach. The 
accent is on deregulation and com- 
petition, whether for profitable routes 
or for subsidies. Indeed, this logic has 
driven the Department of Transport 
to break up the National Bus Com- 
pany into more than SO local bus 
companies — to be sold separately, at 
modest prices, to managers — to give 
new competitors a fair chance. 

By an accident of Cabinet re- 
shuffles. John Moore, who as Finan- 
cial Secretary combined the roles of 
evangelist of privatization and a 


Purists may deride cross subsidies, 
but they do reduce people's tax bills. 
Rural postal services, for instance, 
depend on cross subsidy through the 
Post Office monopoly. 

In practice, however, cross subsidy 
has played a relatively small role 
compared with taxpayer subsidy. 
National Bus as a whole accounts for 
only 10 percent of subsidies. The rest 
is largely taken up by promoted urban 
services, particularly in the old Metro- 
politan Authority areas and London 
(excluded for the moment), where the 
subsidy battle will be political rather 
than competitive. A greater danger is 
that the continuation of existing 
trends, or the concentration of com- 
petition, will push more route miles — 
for instance at non-peak times — into 
the subsidy zone. 

Success or failure on this front will 
not be evident for some time. For 
instance, one big clement of new 
competition, BET’S plan to put a fleet 
of minibuses into Manchester, will 
not start until next year. The 
Government's immediate priority, 
evident in reassessed and special 
grants, has been to ensure that rural 
services remain. As of today, about 70 
per cent of previous route miles have 


spending watchdog, has found himself found commercial takers and all but a 


presiding over this exciting departure. 
It has not, in the event, faced him with 
any conflict of aims. For the policy for 
buses embodied by his predecessor, 
Nicholas Ridley, in the 1985 Trans- 
port Act, is as pragmatic as the very 
different sale of British Gas. 

Breaking National Bus apart rather 


few subsidized routes are covered. 
But, just as initial competition will be 
small, so the subsidy saving — 
estimated by the Department at £40 
million a year over the country — is 
barely a start. And as managers also 
wait to see what will happen, only 
three of the local National Bus 


than selling it as a whole may of itself companies have been sold. 


cost taxpayers more than £100 mil- 
lion. The real target was to reduce the 
£530 million of subsidies paid by local 
authorities to maintain bus services. If 
£150 million of central rebates on fuel 
duty and £290 million for concession- 
ary fares are included, the annual tax 
cost of bus travel is nearer £1 billion. 

Bus travel has shrunk as more had 
cars and oil prices forced fares up. 
Govemement, therefore, faced the 
dilemma that subsidies would be on a 
rising trend or that public economy 
would shrink services or raise fares, 
accelerating the circle of decline. 

Deregulation promised a way out, 
by forcing efficiency through com- 
petition on potentially profitable 
routes, which might generate more 
traffic. That. also isolates necessary 
services requiring subsidy, obliging 
operators to think through the most 
efficient way of providing them — 
perhaps by minibus or taxi — through 
competition for subsidies. 

There are. obvious risks in this 
strategy. Quite apart from the threat 
of rural areas being isolated and city 
centres jammed by operators compet- 
ing to cream off the best routes, the 
element of cross-subsidization be- 
tween services, operated particularly 
by National Bus, will be lost 


A greater impact will be needed. 
After all. the loss of value in National 
Bus is a small part of the cosl Much 
more important is the incidental 
destruction of much of Britain's bus 
manufacturing industry as a result of 
the collapse of orders because the 
industry was so uncertain of its future 
in the years up to this weekend's 
change. In 1985 alone, Leyland Bus 
lost £33 million. Some £80 million — 
effectively taxpayers' money — has 
had to be written off in addition and 
more than 1,000 jobs lost prior to the 
present management buyout 
Much of this, though not all, can be 
attributed to the way in which bus 
deregulation has been implemented. 
And the new market for minibuses, 
some from aborad, is small 
compensation. But that was not 
inherent in deregulation or even in the 
drive to control subsidies. It is a 
classic example of the failure to take 
full account of the needs of British 
industry in the coordination and 
implementation of government poli- 
cies. The cost of such failures over the 
past two decades is incalculable. 

Graham Searjeant 

Financial Editor 


BOARD MEETINGS 


TODAY - Interims: Value THURSDAY - Interims: Air- 
and Income trust . Vanbrugh flow Streamlines, Henry Boot 
Currency Fund, Viking ! Re- & Sons, Capital Gearing 
sourcesJrasL Wayerley Cam- Trust, Coates Brothers, Ellis & 
oron. Finals: Alfred London Goldstein (Holdings), Harris 
Properues. Burgess Products Queensway. Lep Group, 
(Holdings), Ensign Trust, l%vion International (ex- 


SSi ■ pected Oct 31). Portsmouth 

r?^JJi RR ? W ~ and Sunderland Newspapers, 

Chepstow Racecourse, Marks 

and Spencer, NEC Corpora- 

tion. Smallbone, Top Value 

Industries. Finals: British Car 

Auction Group, Chesterfield ■ 

Properties, Frogmore Estates, lup 

Japan Assets Trust (expected 

Oct. 29), National Horae V a \A£ 

Loans Corporation, Wolseley. * YV1 

WEDNESDAY - Interims; n 

Channel Tunnel Investments, K3 

A Cohen, Feedex Agricultural 
Industries. Globe Investment 
Trust. Henderson Group. 

House Property Company of , T - 

London, FJC Lilley, Malartic NatWCSt a TIT 

Hygrade Gold Mines (Can- • i rr 

ada), Nimslo International, Wltil CII 

Southend Stadium, Tesco, , _ 

United Trust & Credit Finals: MOlldaV, 27th 

Wm Low. Next _ / 


Rand Mines Ltd, Red] and 
(amended). Finals: Piccadilly 
Radio. J Smart. 

FRIDAY — Interims: Arbuth- 
not Yen Bond Fund. Boosey & 
Hawkes, Eastern Produce 
(Holdings), Henara, Lanca, 
TR Industrial & General 
Trust Finals: Celtic Haven. 


A 


National 
Westminster 
Bank PLC 


78 34 348 
35 23 168 
37 88 103 

U 17 ito 

18 29308 

BOD 80 .. 
57 15 88 


. USM REVIEW . 


Directors’ share of 
float raises query 



1986 

Hqn Urn CrantMBV 

584* AM 
4151m Mara 
1107 m 4n*r Tium 
K x8» AnQ *im 3*C 
123401 AIM AM M* 
1037M BUM 
78.4* em 
23*6n Bf MM 
*88 m Br En«M Ste 
387 Dm Br kw 
85301 Biumr 

WJ»Co«l4»* 

73.4«i CrwOM JW 
ira» Dwttf Inc 
20.0 m Do Cm 
1158m Drwmn Cent 


1188m Oraymn Cen 3*3 -i 
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334m DeMM UM . 1» 



0&8m firm Sea An 

W* IkiGtn 


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1953m FMimb 

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858m FIHM UlMWl 142 

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588*07 JapM 212 

553* Otnml ROM ]V 

J71M QMMrmOm 310- 

-idjra Gtadow S*di 1*0 

satSM OBtat 120. 

UbMOMMSOMe 138 

UrTmlK*KCn*flW 2W 


Gnm 
fflv VU 

Pwce Chgepanea *» P?E 

117 +1 55 2122S 

815 *1 318 38890 

135 *? 44 33 378 

STB -t JL9 24 555 

ioo *T 08 08753 

U4 -1 590 28504 

238, +3 l£b 08 . . 

H'i +'» M 

35 W W *78 

4&) +2 21.7 47 259 

18 -T 30 53450 

825 +18 314 35 337 

SS -4 05 02 .. 

Ml 128 84 131 


148 43337 
1.8 D8 > . 
14+02 .. 
850 45 354 
08 08 775 
5 3D 35*30 

54 1.7 628 
35 33 *31 

20 20584 

10 18 787 

26 22 815 

21 10 81.1 

51 59 .. 

1U 48318 

27 0.4 55 
82 1.6925 
74 40335 

129 42348 
1.4 1.1 . . 
35 .27815 
57 05 .. 

33 52444 

55 257*7 
23 22 357 
210 15153 
28D 28 87.8 

to to !. 

28 15 VA 
■ 17 SB 88 272 

38 24 571 

52 43308 
40b 29 424 
33 15913 


1986 

Hup Lour Ccmoeny 


Grata 

Tun CHg» panes 


Gnus 
<ftu VH 

Pucb- Pipe p«nc+ 


2*2*1 QcMB Sutagy 25* 
M-im o r— m* 

11.1* esswnmm Hmm 
1033m HMhb. 

BUM indm fund 

si.im mratifei Bucems KH 
1818m MCn 261 

338m h<XT 6 S tad 138 
3S7m Jmwn MM ' Wr 
nan KW<n-m Oran* M 
1095m mmrnn 0 1W T37 
CUM kwwwt Snu ltr 298 
530m Law Mmn 23* 
SBJm Uft M trch mH S»a 6? 
522* ion HUM 
1227m Msremm 
30950* Mtnfl Lj+tt 
1707m uoon 
Mb Many tneoam. 

1958m Murray lira 
957m Muray Sad 
438m M*ttr Wnmra . 

2Q.7BS NM 

5001.000 N*DbH 08 
7S*» 1988 ■ 

2*4m mmg he 83 
47BmN*rT«w _ 

651m mi Mine Sm 
DOONVlSM ASSMt 
1m «hn 
GhWKO 

120* Peotc As*** 

oe Mwm 

552*000 PeraoniJ AttM* 

1144m Rnoourn.. 
jUbRmUMm . 

420n finer PW# 


1071m Romney 
ItoaOm 

525m Si Ar*m 
3S»6m Seoraw 

Z330m Sea A wgnee n . „ 

136JM StoondJlinen 703 
1425m SmTM 01 Scedm as 




■4 58 21722 

+15 U U .. 
-30 59 28250 

4 34 35421 

-« to to .. 

17.1b 3B 741 
88 40-150 
-2 51 02 .. 

-1 55 58 422 

-4 35 25 . 

1+8 120 41 .. 

+2 50 35254 

1+1 05 65125 

1.1 15 625 

+1 68b 5331.7 

+1% 

-1 3.7 1.7 BO 

*-2 88D 57 250 

.*1 . 7.1 n. 43 322 

48 38 1.1 .. 

>+t 143b 38 473 

. W3 31265 
+2 . 08+ 15 637 
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48 7.717.7 
-5 1.1 • 06 .. 

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-6 .... 428 

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+4 40 23 537 

-2 10 10 

<15 18 978 
-4 17 1 40 *34 

-1 560 63303 

+1 128 4531.1 


+2 486 30 517 

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-6 72 28571. 

+10 254 37 347 
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20 26648 
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3.10 53 272 
87 27 452 
58 40320 
25 27482 
15 05 .. 
87 29430 
20 24 512 
50 34353 
510 55 258 
1156 4.13*5 


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TflAumala if® 83 30354 

IS CHy 0( Old 68 8-1 3.10 53272 

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2 ***** « . -2 25 27482 

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Thoraropnan an -* U8o 41 348 

122m ThegSeand Cap 350 

Tnmt 0C4MC m SS MM3 

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Trutomtime 85 6-W 17.1 20.1 77 

US OaeflBum 298 S 53 3.1 597 

Varna me TM 41 

Wdng Ruarag 40 +1 296 73 157 

Wtwpoa GO 3-3 23 28 295 

Worn TM -3 23 22 3917 

vaemn 383 -8 1570 4.1 355 


FINANCIAL TRUSTS 


ITmOWyMMf 
L8nf _Pp -A - 


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828* KM 180 

22*71* MAI 390 

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0*0*1 *-*1 

84 .. 18 22342 

26 -1 703 

130 «-1 65 50151 

E30 -•» 700 iS 14.1 

n74 4. 700 38 125 

M7 -3 .88 40330 

173 - -2 43 25 190 

851 6*3 7.1 25 102 

110 *+4 33 30 145 

700 -13 129 10 153 

SS «+2 74 7-2 105 

US .. .. 138 

IS 25- 13375 


.. .. T38 

25- 13375 
170 10 190 
+1S 128 72 65 
• +10 280 88 83 
51 2 1 348 

*3 200 B7 5,7 
+2 05 0-4 

+17 150 57 87 


The Unlisted Securities Mar- 
ket saw one of its more 
spectacular flops last week 
when the offer-for-sale for 
Wooltons Betterware, a 
furnishings company in the 
Midlands, was only 16 per 
cent subscribed. The shares 
opened at 8 Op compared with 
the issue price of 104p. 

Brokers cited the difficulties 
of organizing an offer-for-sale 
for a company capitalized 
under $10 minion (£7.14 mil- 
lion) as the reason for the low 
subscription. 

This phenomenon begs the 
question of why this route, 
rather than a placing, was 
chosen. 

However, the more obvious 
reason for lade of interest was 
the price. A prospective p/e of 
16 is too expensive for a soft 
furnishings company. 

A doser look at the prospec- 
tus reveals another factor in 
this offer-for-sale which some- 
times irritates prospective in- 
stitutional investors; the 
percentage of money which 
directors take from flotation 
proceeds. 

In the Wooltons case, the 
proceeds were £2 million 
approximately. One director 
took £200.000 and the remain- 
ing £1.8 million is to be used 


for ihe group's working capital , 
requirements. Most of the 
£1.8 million will be used to 
repay outstanding loans to a 
holding company, owned by 
Wooltons' vice-chairman, and 
from which the company has 
demerged. 

So what level of proceeds 
does the market consider 
acceptable for directors to take 
out at the time of flotation? 

Fund managers tend to take 
a flexible view, but are in- 
fluenced by several factors: 
how highly geared the balance 
sheet is after flotation, the 
company’s cash requirements, 
and the necessity for directors 
to sell shares for sufficient 
stocks to pass into public 
hands. 

Mr Will Gaxton Smith, of 
Clerical Medical and General, 
explains: “In - principle, we 
prefer to see directors not 
selling stock at alL But there 
are no hard and fast rules. 
Where the directors are taking 
perhaps more than 30 percent 
of the proceeds of a flotation, 
we like to have the reasons 
explained to us." 

Isabel Unsworth 

The author is a member of the 
smaller companies unit at 
Phillips & Drew 


NatWest announces that 
with effect from 
Monday, 27th October, 1986, 
its Branch Standard Rate 
is increased from 
24% to 25% 


(Branch Standard Race is charged an borrowings arising 
without arrangement Any such borrowings regulated by 
the Consumer Credit Act 1974 are also varied accordingly.) 


41 bothbury London EC2P 2BP 


Tbs affreroemem e Bsuedm corm to nce «mti ibo reouMmeras o! the 
Countt oi The Stott Exchange 

Introduction to The Official List 



CENTRAL INDEPENDENT TELEVISION P.L.C. 

(InixiaxTOMrie? England infer (MftxTOenrfisAGK ISMflto 1076 No 14903571 


SHARE CAPITAL 


Authorised 


Issued and fully paid 
ach £12,589,000 


£16,000,000 1 *i oninary shares of 50p each £12,589,000 

Central Independent Television PL C is the independent television 
programme contractor for the dual franchise covering the Lasi and 
West Midlands hs principal activity bs the production and transmission 
of television programmes 

The Counpl of The Stock Exchange has admrtted to the Official list 
aH the issued ordinary shares of Central Independent Tetewswn PLC 

Ustsng Raracubre relating to Central Independent Television PLC 
are available in ihe ExteT Statistical Service and copes of such 
particulars may be obtained during business hours up to and 
including 10th November, 1 986 from the Company Annnuncemants 
Office. The Stock Exchange. London LC2 and up to and mdudmg 
10th November. 1986 from Cnmral Independent Telemann PLC. 
Central House. Broad Street. ftrmmQham. B1 2JP. and from 

. . . S. G. Warburg & Co. Ltd., 

33 King William Street, London EC4R 9 AS 

270i Oanbw 19*6 





** *v. •*“ 



















-M BUSINESS AND FINANCE/LAW 

(~G1LT EDGED ~) 

A packed house, but 
Lawson is left 
without a leading lady 


THE TIMES MONDAY OCTOBER 27 1986 


Some City commentators have 
r®Qzed the Chancellor for 
?*™8 to explain his reasons 
rj r dropping the £M3 target in 
Mansion House speech, 
for leaving the Governor 
®* the Bank of England to do 
foe job at Loughborough. 

But they may be wrong to 
. ^tkaze. Diners at the Man- 
House had heard the 
£M3 story - hist year and 
Loughborough was a more 
approp riate venue. The ani- 
Jtnily is renowned not only 
tor the excellence of its bank- 
og centre but also for its 
porting tradition. It was fit- 
ting that the authorities, hav- 
“fi moved the monetary 
goalposts so often, should 
choose Loughborough to an- 
nounce that they were to 
dismantle them altogether. 

Big Bang, which is upon us 
today, has swept away many 
feeds of the old world and now 
City economists should be 
packing away their old £M3 
toolkits. 

Although the old brolly 
brigade may feel little comfort 
in the new high-tech world, at 
feast an economics change 
usually means, not something 
totally new, but rather a 
reversion to something once 
familiar, and in this instance, 
all too familiar. Out goes £M3, 
and back come the exchange 
rate, official reserves, and 
, trade figures. 

If there is a theme for the 
gilt market in its first few 
months of the new world, it 
will be one of emerging bal- 
ance of payments deficit, the 
currency under threat, and the 
scrutiny of official reserves 
levels. In short it is a scenario 
for a bear market 1 am sure 
that many readers of this 
column are feeling cosier 
already. 

How bad were September's 
trade figures? Awful. They 
were a distinct improvement 
on August's, but that is to 
damn with faint praise. The 
trade deficit in September, far 
from revealing an underlying 
improvement was worse than 
most months this year, except 
March and August. The 
performance cannot be as- 
cribed to erratic or temporary 
factors. 

The oil balance improved on 
the month, erratic items were 
favourable, and although 
movement in terms of trade 
was adverse, in terms of 
volume the figures ■ show a 
continuing deterioration. 
Compared with July, and 
excluding oil and erratics, 
exports in volume terms for 
September increased by only 
15 per cent, whereas imports 
climbed by almost 35 per cent 

Of course, the figures are 
dubious, but in time revisions 
could reveal a more encourag- 


Growth Rate of vafae of exports and imports. 03 of 1966, over 03 1985 

Imports Exports 

7P® 1 —- 7.6 -6.1 

Manufactures 115 5? 

Of which: 

Motor cars 31J 7.4 

Other consumer 22.1 8 l8 

intermed i ate isjj 

Capital 8.9 1.1 

Semi-manufactures (L9 ELO 


ing picture. The breakdown of 
figures is ominously consistent 
with other official statistics 
about the economy. The table, 
with figures in value terms, 
shows the growth rate of 
varions categories of exports 
and imports. The rapidity in 
growth rates of imports of 
consnmer goods, compared 
with the thud quarter of last 

J ear, is striking. And the 
igures for volumes are no less 
striking. 

Imports of cars have grown 
by 15 per cent in volume terms. 
City readers of this column 


surely can match these figures currency dealer will b 
with their own experience, if to hit sterling for six. 
not claim some measure of „ 

persona] responsibility. wiE theSSitte^ 

Official statistics for third terrible bind. For they know 
quarter consumer spending that some of the pressure is 
confirm a consumer boom, rooted in political uncertainty. 


Spending is up by 5 per cent in about which they can do 
real terms compared with a nothing. The Chancellor's 
year earlier. Although this hands are tied on economic 
frantic pace may ease, I expect policy. He has, more or less, 
consumer spending to grow by committed himself against 
4 per cent In real terms in the raising interest rates; in the 
first half of next year. short term at least Morevoer, 

So what is the outlook for 

the balance of payments? I “Of®* “ e reluctant 


think Britain will record a 
deficit on its current account of 
about £500 million this year. 


to do so for political reasons. 

Some token resistance to 
further sterling w eakness, in 


And next year the defeat will the form of higher rates, is on 
widen to about £2 billion. But the cards, but die logic of the 


provided that sterling contin- 
ues to fell — I expect it to be 


Prime Minister's opposition to 
EMS membership suggests a 


about 10 per cent lower by die defence of sterling would be 
end of 1987 compared with less than whole-hearted. Her 
present levels — and provided reason for not joining the 
that GDP growth subsides, EMS is that it would remove 
then this could be the limit of the option of taking the strain 
the deficit. In time, trade of speculation against the 
performance should react to pound on the exchange rate, 
the enormous fall of sterling. Taking it on the exchange rate 
Bat. gilt operators, take seems to be what tbe Govern- 
note: "provided the pound ment intends. 


continues to faiL,” and “pro- 
vided GDP growth subsides.*’ 
Political change could fulfill 
the first proviso, but may 


The Chancellor is saddled 
with a financial policy that 
does not command confidence. 
Effectively £M3 has been 


Ihesecomfl. TbS » MO 

would make the exchange rate ftf**- — ' T&Z&t 


problem worse. 


The fiscal part of the MTFS is 
theoretically in place, bot is 


With such bad figures, why rendered more “flexible’' by 
was the pound strong against treating the process of asset 
the mark on Friday? Some sales as negative g overnment 
sectors of the market had been spending. The original ratio- 
looking for a sound Opec nal p for fiscal restraint, 
agreement on ofi prices to save namely the avoidance at given 
the Chancellor. However, the interest rates of increasing 
outcome of the Opec session £M3, is fast dis appe a ring . 
was a non-event Oil prices along with £M3. And there are 


drifted. 

Sterling’s strength was 
attributed to a technical re- 
action to Friday's dollar re- 
bound. Those currency 
operators who had shorted the 
dollar against marks and yen. 


FOREIGN EXCHANGES 


STERLING SPOT AND FORWARD RATES 



1 month 

063-0. 60 prem 

0-50-0.42pr«n 

IViHprem 

21-18prem 

1%-ftprem 

2&-37dte 

Ht-IViprem 

S5-115cks 

5-2403 

2 prom-idts 

2V3d« 

2V2*pnam 

2ft-2pram 

Ift-ISprem 

lOX-9prem 

1%-1Nprem 


3 months 

1 .B 6 - 1 . 81 prwn 

1-37-1-25preni 

4tt-4Sprwn 

61-54prefn 

4X-3ftprBm 

84-11303 

45V-4%prem 


2prsnv32dls 

7V6\prem 

7-64UKWR 

3V3Sprem 

2854-»%pmm 
434-4 fcprem 


Stmt Mg indue compand wWi 1975 ana up at 67 J (day's rang* 67.7-6U). 

OTHER STERLING HATES~ DOLLAR SPOT RATES 

Argemnra austral - 1.5444-15505 Ireland — _ 

Australia doUar 22079-23119 Singapore 

Bahrain dinar 0-5a»OJj335 MaSyaa 

pniyil mmrin * 19.81-19-93 AUSOBSB 

Cyprus pound - 0.7240-0.7340 Canada 

Frfandmartta 6.9685-7 0065 Sweden 

Greece drachma 19250-19450 Norway - 

Hong Kong dollar 11.0295-11 .0381 Den mark — 

mao rupee 1B.15-1&35 West Germa ny ___ 

Iran dinar ... D/a Switzerland 

Kuwait dinar KD 0.4130-0.4170 Netherlands 

Malaysia dollar 3.7160-3.7230 France 

Mexico peso 1140.0-11800 Japan 

New Zealand dollar 27766-27897 Italy 

Saudi Aratxa nyal 5^-&3085 MWcommj _ 

Sngapora dollar 3.090M-0957 Hong Kong 

SoumAfrica rand 31 379-3.2148 Portugal 

UAEdVham 5.1595-6.1995 Spar 

‘Lloyds Bank Austria 

Rates suppled by Barclays Bar* HOFEX and ExML 


Ireland — — 

Singapore 

Malaysia 

Austrafe 

Canada 

Sweden 

Norway 

Denmark 

West Germany — 

Switzerland 

Netherlands 

France — - — — 

Japan 

Italy 

Beigkjm(Oommj 

Hong Kong 

Portugal 

Spam 

Austria 



MONEY MARKETS AND GOLD 


BaseRMes% 

Oaarmg Banks 11 
Finance House 10 

p bccu ni Market Loans % 

treasury B8ta (Discount <*,) 

franrfi 10‘'i6 imnS 10’*« 

Smith 10*4 3mmh 10% 

preM Bank BBs /Dlscouni %) 
imnth KF’«-10»«2mnth KKt-10* 
Snsol) 10 a r^10 ,, ’».6mnth 10 ’6- 1014 

IK 

3miith 11'is emnth 11% 
hrterta** 

Overtly hr. 11 ctosei2 


EURO MONEY DEPOSITS % 


7<tays 
Smnffi 6-5% 
Deutschmark 
7 days 4*it-4-'» 
3 ninth 4%-iY, 
FVench Franc 
7 days 7S-7% 
3mntn 8’4-8 
Swiss Franc 
7 days 8%-8y, 
3mmh 4‘ieG ,s » 
Yen 

7 days 5!4-4% 
3nintn s’l^a^n 


caU 6U-5K 

1 mmh 6-5 ;■ 

6 ninth 6‘w5 l4 i4 
cal 4«-3fc 

1 mnth 4*i*-4 : t, 
6 mmti 4"is-4 9 is 
call BYi-7Yi 

1 mnth 7%-7% 

6 ninth S'lt-tPis 

cal 1 y»-s 

1 mmh 3v,-3% 

6 mmh 451-4 
call 554-454 

1 mmh 4?'r4 ft 
6 mnth 5-4 ft 


more casualties uf £M3’s 
was demise. 

re- Funding policy is directed at 
re- funding the PSBR over the 
ncy year as a whole. Yet “firnding” 
the in this context means selling 
yen, debt outside the banking sys- 
tem. But why is this relevant? 
Because financing the PSBR 
inside tbe hanking system 
would increase £M3. So fund- 
ing policy is now without 

— effective direction. 

The policy decks have been 
cleared of the adoption of an 
™ exchange rate target, which 
for political reasons, win have 
to wait This leaves the Chan- 
cellor in the unfortunate pos- 
ition of a theatre manager, 
who, having packed the bouse 
with an expectant audience, 
Gods that die leading lady has 
not turned np. What option 
im has he but to try to keep them 
in tbe bars for as long as 
possible? If tbe worst comes to 
the worst donning dinner 
jacket and bow tie, be can 

— spoon out the wit with a few 
jokes from in front of the 
curtain. 

When the Prune Minister 
relents and allows ns to join 
the EMS. we will see the 
economists' older skDls and 
the high-tech confront each 
other. In an exchange-rate 
system one country has to 
watch something other than 
the exchange rate. In the EMS 
it is West Germany. It 
watches, inter alia, the central 
bank money stock. 

Think of the job opportu- 
nities: “Wanted as back up to 
facsimile machine: messenger, 
— — preferably German speaking, 
% willing to travel to Frankfurt 
once a month; radio provided." 


i lv ob K IQS -10% 

t mnth 1 1 "fc‘1 1 

sSnth ir>..- 11 W 


6 mmh 11V11H 
9 mmh ii*ib-i1 j ib 
12mth ir*r11»» 


Local Airthortb OutHMa (%) 

2davs 10* 

imnth UHi 3 mmh 10% 

g mmh 10-4 12 mil, 10k 

Local Authority 8ondji CM „ 

lam#* 11V11S 2mnft 11V1]£ 

-Siwiffi 11V;-iik fiimnh 11%-11« 

sZrihiiK-iin I2mtn iisk-ii* 


-3(1*101 11 .":-11a 
gniith 11K-H54 

SV&igCOsrm 
tmilh tt^wll’H 


3 mmh 11X-11 
12imh 11»-11 


12 mill 


GDUS410 75-41125 
Krugorrano* (per comh 
$4® 00-4 12^0 (£289 75-291.25) 
Sovereigns' (newt- 
S 87 JW98.00 (£58.75-69-50 1 
Platnum 

5 565S0 (E399.70 ) 

"Excludes VAT 


TREASURY BILLS 

Apgicn: CS03.4M aDowl: E10OM 

racswBd: 

Last week: £97 33% recew«l:ES3% 

Awje rate- £l 0.6349% Iasi wh £10 6928% 
Next week: EiOQM reptonElOOM 


Fixed Rale Sterling Export Finance 
seneme iv Average reference ran tor 
"feres period September 3. 19B6 to 
Ocraoer 7. 1968 mdusm 10J55 per 
cem 


Roger Bootle 

The author is a director 
and chief economist at 
Llovds Merchant Bank 


BASE 

LENDING 

RATES 

ABN 1100* 

i Adam & Compaiy 10.00% 

I BCCI 11.00% 

; Dtitert Savinnst 12.45% 

Consolidated Cnls 11.00% 

Co-operaUvB Bank 11.00% 

C. Hoare & Co 11.00% 

Hong Kong & Shanghai — 11.00% 

LLoyds Bank 11.00% 

Nat Wtetnwstw 1100% 

Royal Bank of Scotland — 11.00% 

TSB 11.00% 

embank NA..._ —11.00% 

f Mortgage Base Bale. 


Law Report October 27 1986 

Justices erred over mouse found in milk bottle 


Barton v Unigate Dairies Ltd 
Before Lord Justice Ralph Gib- 
son and Mr Justice McNeill 
{Judgment October 20] 

Justices erred in deciding, 
where a mouse and several 


was against the upholding by tbe 
justices of submissions of no 
case to answer in respect of two 
informations. 

The first alleged that the 
defendants, being distributors of 
milk, on August 13. 1984 "* (ailed 
to ensure that a bottle of milk 


pieces of glass were found in w ensure that a bottle of milk 
bottles of milk offered for sale to was fit for human consumption 
the public, that informations in that it contained the body ofa 
should have been lard under rodent, contrary to section 
section 2 and not section 8 of the a | )fl>) 0 f [he Food Act 1 984". 
Food Act 1984. Tne second alleged an offence 

.The Queen s Bern* Di- under the same subsection, the 
visional Court so held m allow- bottle in Question containing 
ing an appeal by the prosecutor, pieces of glass. 

William Barton, by way of case o_r 


and that the informations 
should have been brought under 

section 2 , so as- to afford the 
defendants the opportunity to 
raise the defence under section 
3(2). namely, that the presence 
of the extraneous matter was an 
unavoidable consequence of the 


process of collection or prepara- " nnfitness for human consump- 


WTlIiam Barton, by way of case 
staled against a decision of the 
Sunon Justices on May 14. 1986 
dismissing two informations 


Before the justices evidence 
was adduced by tbe prosecutor 
in the form of statements served 
under section 9 of tbe Criminal 


fiodings that, respec- 


rnshed to cover then- positions. 
Bat tbe mark bad been tbe 
principal currency for specula- 
tion against sterling. So in the 
rush to dose down bull po- 
sitions in marks, even boll 
positions in marks against 
sterling were dosed. 

Do not be deceived. Rarely 
are the currency markets able 
to focus on more than one hit 
currency at a time. On Friday, 
the collective consciousness of 
tbe currency markets was 
taken np with the 
yen/mark/do liar axis. How- 
ever, when things settle, tbe 
cnrrency dealer will be itching 


distributing two bottles of milk 
unfit for human consumption 
contrary to section 8(1 Kb) of the 
1984 ACL 

Mr John Male for the pros- 
ecutor. Mr Mark Lyne for the 
defendants. 

LORD JUSTICE RALPH 
GIBSON said that the appeal 


lively, the presence of a dead 
mouse, and pieces of broken 
glass, in ihe bottles of milk 
rendered the milk unfit for 
human consumption. 

The justices were of tbe 
opinion that the evidence was 
insufficient to support convic- 
tions under section 8 of tbe Act, . 


non. 

The defendants asserted that 
the analyst's reports made no 
direct statement that the milk 
itself had berome contami- 
nated. and relied upon Miller v 
Battersea Lor.don Borough 
Council ((19561 1 QB 43) for the 
submission that there was in- 
sufficient evidence to support. a 
conviction under section 8. 

In that case the defendant 
claimed that the presence of a 
piece of metal in a bun did not 
contaminate tbe bun itself. 
There was no evidence that the 
bun was unfit for human 
consumption. 

Lord Goddard. Lord Chief 
Justice, dealt with the Food Act 
1938 and pointed out that 
sections 9 to 12 of that Act were 


headed “unsound food". The analyst b ad ifcf med 
court accepted that the presence of me extraneous 

of extraneous matter did not iIk* milk- _ _ rtl 
fender the (bod itsejf unsound. m ilSSIE S?tnfi»nS2 

That was a case, however, should have been brought 
decided on its particular facts. It section 2 of the 1984 Act. I ney 
was not ' a derision that if should have continued wiinxne 
’unfitness for human consump- hearing to determine whemerin 
lion was proved to have been tire light of the evidence uwy 
caused by the presence of an "■ were satisfied that the food was 
-added substance leading to unfit for human consumption- 
putrefaction, the prosecution : Parliament could not 
must nevertheless proceed intended the defence turner 
under what was now section 2 of section 3(2) to be available in 
the 1984 Acl oifences under section 8. 

In ihe instant case there was . x^MFTLL 


lion was proved to have been 
caused by the presence of an 
added substance leading to 
putrefaction, the prosecution 
must nevertheless proceed 


evidence that the bottles foil of 
milk were rendered unlit for 
human consumption by the 
presence of the mouse and the 
pieces of glass, it was not a case 
in which the. effort of the 
extraneous material was limited 
to causing the food to be not of 
i be nature, substance or quality 
demanded by the purchaser (the 
section 2 offence). 

The words of the analyst’s 
report were not to be taken as 
having the limited effect argued 
for by- the defendants. Tbe 


■ LORD JUSTICE -McNEILL. 
concurring, said that the proper 
form of the informations was set 
out in Stones Justices 
(1986) at paragraph . 6 ^ 222 . 
When the case was remitted to 
thejustices, so long as than was 
no prejudice to 'the defendant, it 
would be appropriate to -con- 
sider amending the m forma- 
tions. The. appeal would be 
allowed.- - 

Solicitors: Mr William Bar- 
ton. Sutton: Scott Son & Cbitty. 
Epsom. 


Surety is not guarantor 


Regina 


Street 


Magistrates' Court, Ex parte 
Hall and Another 
Before Lord Justice Lawton. 
Lord Justice Lloyd and Lord 
Justice Bal combe. 

[Judgment October 23] 

There was no analogy be- 
tween a surety entering into a 
recognizance and a guarantor of 
a debL and sureties, who had 
entered into recognizances for 
amounts totalling half the sum 
set for bail were not discharged 
from liability when the court 
reduced that sum by half with- 
out giving them notice. 

The Court of Appeal so held 
when allowing, to a limited 
extent, an appeal by the ap- 
plicants, Noel HalL of Esmond 
Road. Kjlbum. London, and 
Theresa Otobo, of Twyford, 
Abbey Road, Willesden, 
London, from the refusal of Mr 
Justice McCowan on November 
28. 198S. to grant them judicial 
review of a decision of the Bow 
Street Magistrates’ Court, by 
which the applicants were or- 
dered to forfeit sums of £1 5,000 
and £10.000 and to serve terms 
of imprisonment of 12 and nine 
months in default thereof. 

Mr Alan Newman for the 
applicant Hall: Mr Bruce Speller 
for the applicant Oboto; Mr 
George Pulman for the 
magistrates' court. 

LORD JUSTICE LAWTON 
said that the applicants offered 
themselves as sureties for tbe 
appearance in court of a man 
named Ehremraut in the sums 
of £30.000 and £20.000 respec- 
tively. Both signed 
recognizances. 

Sureties of£100,000. at which 

Justices must 
consider 
means for bail 

Regina v Newcastle upon 
Tyne Justices, Ex parte Skin- 
ner 

Justices who contemplated 
requiring an applicant for a case 
slated to enter into a recog- 
nizance before stating the case, 
pursuant to their power under 
section H 4 of the Magistrates' 
Courts Act 1980. had to have 
regard to the applicant's means 
before making such a require- 
ment and determining the 
amount of the recognizance. 

The Queen's Bench Di- 
visional Court (Lord Justice 
Glidewell and Mr Justice Otton) 
on October 21 accordingly 
granted an order of mandamus 
requiring Newcastle upon Tyne 
City Justices lo reconsider their 
decision requiring Mr Paul An- 
thony Skinner, who was un- 


bail had been seL not bring 
available Ehren train was re- 
manded in custody. 

Neither of the applicants had 
been frank. They did not possess 
or control assets which would 
have enabled them to pay on 
demand the sums mentioned. 

Three days later tbe surety 
condition was lowered to 
£50.000. Tbe applicants were 
not gi ven notice or any intention 
to vary the surety condition or 
that it bad been varied. 

Ehremraut subsequently 
foiled to report to tbe police as 
required or to the court. The 
applicants were summoned to 
the court and ordered to forfeit 
£27,500 and £1 7,500. 

The applicants found where 
Ehremraut was living and told 
the police who arrested him. 
Thereafter, sums of £1 2,500 and 
£7.500 were remitted by tbe 
court, and the applicants were 
told that they would have to pay 
tbe rest by April 9, 1985. 

On that date they were 
committed to prison for maxi- 
mum terms, because they had 
not paid the sums ordered. 

The power to forfeit 
recognizances was given by 
section 120 of the Magistrates' 


employed and in receipt of wrok. 


Courts Act 1980. ft R v 
Southampton Justices. Ex pane 
Green ([1976] QB 11) it was 
adjudged that forfeiture should 
not follow on mere proof of non- 
compliance with the condition 
of a recognizance. There had to 
be some evidence of fouh. 

A surety who misled tbe court 
as to his financial resources 
acted in a way which caused the 
court to do that which it would 
not otherwise have done and 
struck at the very roots of the 
surety system. 

Costs orders 
must be 
reasonable 

Regina v Nottingham Jus- 
tices, Ex parte Fohmnnn 

It was wrong in principle for 
justices to Older a convicted 
defendant to pay prosecution 
costs in such a sum that, through 
lack of means, tbe defendant 
was unable to pay the sum 
within a reasonable time of 
about one year. 

The Queen’s Bench Di- 
visional Court (Lord Justice 
Glidewell and Mr Justice Otton) 
on October 23. quashed part of 
an order made by justices under 
section 2(2) of the Costs in 
Criminal Cases Act 1973. 
requiring a convicted defendant 
(who had no capital and re- 
ceived £52.34 unemptoyment 
benefit a week) to pay £600 
prosecution costs in addition to 
a £400 fine, at the rate of £10 a 


Mr Newman submitted dial 
sureties were akin to guarantors. 
They undertook to underwrite a 
risk of which they knew. If the 
court made an order which 
changed the risk, without giving 
them an opportunity to accept 
tbe new risk, they were, by 
operation of law, discharged 
from their recognizances. 

Tbe fallacy in that submission 
lay in equating recognizances 
with guarantees. Tbe taking of 
recognizances was pan. of the 
procedure for the administra- 
tion of criminal justice. 

A court taking a recognizance 
was not a creditor. There .was no 
debtor whose performance ofa 
contract the surety was guar- 
anteeing. 

it remained to consider 
whether the magistrate had 
erred in exercising his dis- 
cretion. It was a principle of 
sentencing that maximum sen- 
tences should be passed only for 
the worst kind of offences. 

Worse cases than the present 
could be envisaged. The mag- 
istrate was plainly wrong to 
impose the maximum sentence. 

The applicants had been in 
custody from April 9 to June 4, 
1985. That period would have 
been within the bracket of what 
would be appropriate. Justice 
did not require the case to be 
remitted. That, part of the 
decision imposing imprison- 
ment should be quashed. 

Lord Justice Lloyd delivered 
a concurring judgment and Lord 
Justice Balcombe agreed. 

Solicitors: Edward Fail 
Bradshaw & Watexson, Stepney; 
Ringsley Napley; Treasury 
Solicitor. 


Entry with false 
clearance illegal 


Regina v Secretary of Slate for 
the Home Department, Ex 
parte Patel 

Before Lord Justice O'Connor, 
Lord Justice Glidewell and Lord 
Justice Ralph Gibson 
[Judgment October 17] 

The mere presentation by an 
immigrant - of. a passport 
stamped with entry clearance 
where both had been obtained 
by a false representation was 
capable of amounting to an 


LORD JUSTICE GUDE- 
WKLL said that the appellant 
arrived at Heathrow on 
January 24, 1983 bearing a 
passport containing an entry 
clearance certificate. He had 
been granted lea veto enter by 
the immigration officer. 

If however the appellant fold 
made a false statement as to his 
parentage in renewing his pass- 
port in August 1981 he wottid 
have obtained that renewal, tbe 
entry clearance and- the leave to 


capable ot amounting to -an entry clearance ana- ipe leave iu 
offence undersection 26{]Xc) of enter by fraudulent statements 
the Immigration Act 1971 and and would be in breach or 


Vendor liable for cost 
of necessary works 


supplementary benefiL to enter 
into a recognizance of £500 
before they would state a case. 

LORD JUSTICE 

GLIDEWELL said that section 
114 did not provide in terms 
that justices had to consider the 
means of an applicant for a case 
stated before deciding whaL if 
any, recognizance to require. 

Rule 26(11) of the Crown 
Court Rules (SI 1982 No 1 109). 
expressly provided that a crown 
court asked to state a case had to 
have regard to the applicant's 
means before requiring a recog- 
nizance. 

The same principle had to 
apply to an application for case 
stated to justices. 


MR JUSTICE OTTON 
said that it would take the 
defendant nearly two years to 
pay tbe fine and the costs at the 
rate of£l0 a week. But there was 
reason to doubt that on his 
modest income, he would be 
able to pay that amount each 
week. 

Orders for costs and fines 
should be kept in step and an 
order for costs should be within 
the means of a person to pay. An 
order should have been made 
such that it could have been 
paid off within a reasonable 
time, that is, within about one 
year. 

The order made was so 
grossly excessive that the court 
could and should interfere. 


Jacovides and Another v 
Constantinon 
Before Mr Justice Jupp 
[Judgment October 23] 

The vendor of a fish and chip 
shop who had non-fraud ulently 
misrepresented to the purchas- 
ers that the public health 
authority bad not required any 
work to be done to the premises, 
when in foci legal proceedings 
had been threatened if certain 
works were not undertaken, was 
liable to the p ur chas e r s in 
damages for the cost of canying 
out those works, even though 
there was no evidence that the 
true market price of . the 
premises was less than what the 
p n r h asers paid for them. 

Mr Justice Jupp so held in tbe 
Queen's Bench Division award- 
ing the plaintiffs, Mr Jacovos 
Jacovides and Mis Katerina 
Jacovides. £&200 damages, plus 
interest, against the defendant, 
Mr Andreas Constantinou. 

Mr Mark Dencer for the 
plaintiffs; Mr James Guthrie for 
the defendanL 

MR JUSTICE JUPP. having 
reviewed the authorities, said 
that counsel had Kreed that the 
proper measure end am ages was 
the difference between what the 
plaintiffs had paid and the true 
value of what they bad actually 
gOL 

Whatever the true market 
value of the premises when the 
plaintiffs bad bought them, it 
was reasonable to assume thaL 


thus of rendering him an illegal section 26(1 He) of the Acl 

__ a . ... Mr Nathan questioned 

The Court of Appeal so heM whether the appellant bad 
rath mussing an appeal by committed an offence when all 
Dhiruhhai Gordbanbhai Paid he did on arriving at Heathrow 
a ?T? rd ?- of M f w presen 1 passport 

Webster (7ft* Times .Agrfi 12, showing Ihe entry clearance. 
1986) refusing an application for ^ 

certiorari to quash a decision of Mr Nathan referred to the 
tbe Secretary of State for the judgment of Mr Justice Hodg- 
Home Department to detain the son in R v Secretary of State jot 
appellant as an illegal entrant . the Home Department, Ex parte 
under section 4(2) and para- Addo (The Times April -18, 
graph 16 (2) of Schedule 2 to the 1*85) in he said: . . the 
1 971 Act snort ’ question therefore is 

Th* 107 ! U nmwk. *«, whether by merely handing his 

Passport to the immigration 
Sff officer applicant made a 
be guilty ©fan offence . ..(c) if »«resen«iion. It is diffi- 

m C “l l 10 see how it came be said 
otherwise he makes or causes to f h„ t ■ 

be made to an immigration . . .. . . 

officer ... a return, statement or „ .1? the present case Mr Justice 
representation which be knows Webster had said he did not 
io be false or does not believe to agree with Mr Justice Hodgson, 
be true." He referred to R v Secretary ^ 

Mr K. S. Nathan for the 

r^^r < Sr San, “ , * r 

me secretary of state. that Uie case of Khawaja de- 

. etded that there, is no positive 
LI . duty of candour approximating 

fl |C Ifir'X f 1ST tea requirement of utmost good 

fcjfo onvan immigrant to dis- 
" dose all material focts in rete- 
ll V WOrKK lion to an application to enter, 

J latJ but that case also decided that 

. , ; ’ • ' •' " ' m fence as to materia] focts is 

had n Tieqi known to prosper- capable of amounting to decep- 

tive purchasers that £8^00 work tion so as to tender a person who 
would have to be carried out if bad gained leave to enter by 
the premises were to be permit- such deception an illegal 
ted to continue to be used as a entranL 

SttE&SiSSS 

that amount, than it would HE2H2 M 

otherwise have been. . meaning of the sub sermon n 


SSSaaSISiSSt 

s SZBSWMSEft 

nerwise havebeen. has to be a representation of 

Thus the difference between p resent, not of a previous fecL 


what the plain tiffs bad paid and 
the actual value of the premises 
could, in the absence of any 
evidence to the contrary, be 
presumed to be the cost of doing 
the necessary works. 

A simpler way of arriving at 
the same result was to say that as 
a result of the misrepresentation 
tbe plain tiffs had been com- 


~But in ray view the applicant 
when he entered the united 
Kingdom in the present case, by 
presenting bis passport, with its 
entry clearance, to die immigra- 
tion Officer impliedly stated, by 
that conducL that-' I believe that 
I am entitled to present to you 
this passport which ( believe has 
not been fraudulently obtained 


pelled to spend money in order and which contains an entry 
to continue to use tbe premises clearance which 1 believe has 
for the purpose for which they ; not ' bceyi fraudulently 
had bought them, which had obtained.^, 
constituted a “concealed addi- ■‘C nf . h - __ 

li/kn y n fhak ■ .-L.," ■ wUCD _ 3 SlalCQICDl or 

Lion to the purchase price . representation, if to be implied. 

The plaintiffs were entitled to was false to the applicant's 
recover that sum from the knowledge and in my judgment 
defendanL subject to their duty “on entering the United King- 
lo mitigate . their loss; if the dom in those circumstances he 
evidence showed that the true was guilty of an offence under 
market value of the premises section 26(1 Xc> of the Acl" 
was so for in excess of what the 

purchasers bad paid, that duty agreed with Mr 

might require them to recover Ju 5£f . . . .. 

tb«r loss by selling the premises ap P cal wouJd d *“ 

rather than looking to the missea - 
defendanL That possibility Lord Justice O'Connor and 
aparL the true market value was Lord Justice Ralph Gibson 
not relevant on that approach to agreed. . 

assessing damages. • . 

_ Solicitors Munir & Co. St 

Solicitors: Breeze & WyJes; John's Wood: Treasury Solic- 
Gordon Shield* Co itor. 


Solicitors: Breeze & WyJes; 
Gordon Sbield.ft Co 


Court practice of showing all charges on list not unlawful 


Regina v Weston-super-Mare 
Justices, Ex parte Shaw 
Before Lord Justice Watkins, 
Mr Justice Mann and Mr Justice 
Nolan 

, [Judgment October 22] 

The practice of producing for 
a bench of justices a list which 
set out the matters to be dealt 
with on a particular day and 
including all charges related or 
unrelated against a single defen- 
dant was not unlawfiiL 

The Queen's Bench Di- 
visional Court so held in re- 
served judgments when it 
refused the application of Phil- 
lip Anthony Shaw for an order 
of certiorari to quash the de- 
cision of the Weston- super- 
Mare Justices on November 25, 
1985. who rejected an applica- 
tion that they should not hear a 
charge against the applicant of 
wasting police time. The Di- 
visional Court also refused to 
gram a declaration that the 
practice of producing a court list 
listing all outstanding charges 
against a particular defendant 
was wrong in law. 

Mr Louis Blom-Cooper. QC. 
for the applicant: Mr Ian Dixey 
for thejustices. 

MR JUSTICE MANN said 
that the applicant appeared 
before ihe justices on November 
25. 1985. to answer seven 
charges, one of which was 
causing wasteful employment of 
the police by knowingly making 
a false report, contrary to sec- 
tion 5(2) of the Criminal Law 
Act 1967. A plea of not guilty 
had been entered on November 
14 

pic other six charges in- 
vohid an cscaoadc with, a 


motor scooter, three of which they were not in feet prejudiced 
involved another defendanL be- and did not believe they could 
tween September 29 and 30. The be seen to be prejudicoi; they 
applicant's solicitor observed derided, therefore, to proceed 
that all seven charges were listed with the trial, 
together on a list posted on the His Lordship said that it was 
notice board, and that copies of impossible to say that they had 
the list were before thejustices. applied the wrong test; it was 
The justices retired to con- true the announcement of their 
sider the submission that they decision in court was couched in 
should not try the charge of less than felicitous language, bur 
wasting police time because a having applied the right test 
reasonable and foir minded their deasion could not be 
person in court, knowing that flawed by reference to the 
thejustices knew of the other six language employed, and cenio- 
charges, would have a reason- ran would be refused, 
able suspicion that a foir trial His Lordship said that the 
was impossible. court list was typed on a printed 

They returned and an- sheet headed: “Register of the 
nounced that the application Magistrates Court sitting 
would not be granted since they at . . and the sheet was in the 
felt that there would be no form prescribed by the 
prejudice to the defendanL The Magistrates’ Courts (Forms) 
trial proceeded, the applicant Rules (SI 1981 No 553) for tbe 
was found guilty. He pleaded register to be kepi pursuant to 
guilty to the other six chaws rule 66 of the Magistrates' 
and was given a custodial Courts Rules (SI 1981 No 552). 

. . On the sheet were typed the 

p* 1 informant's name. the 
rfln„w >r [dS«. lesl , th L defendant's name, the nature of 

fSS d ,!& ^ 0“* ^ the offences alleged arainst him. 

Ackner m Rv ibe date of the offence. The 

TvESfii&SFt clerk deposed that the list as 

TVWP'flS ([1983] I WLR 119. prepared on November 25 was 

. . in accordance with the usual 

If the justices had simply practice. ■ 

“?° *7 5" Mr Blom-Cooper. relying on 
£ ^P 5017 ,.^ Qljr TopprngiaX pp 1 24- 1 25), subrn it- 
Ji? 6 od,er “J ted that the practice was wrong 
cha ■ * ben the wrong test j n ^ His Lordship said that it 

was applied and their discretion agrsed jn ^ ^ lhB i tbe 
w>s exercised emneouslv. SeTS lte 

The justices had deposed that court register, 
when they retired their derk bad Thai register was not in the 
advised them of the effect of prescribed form since it con- 


!n the present case the court for die . conflicting opinions in 
was concerned with the daily list ..Topping and Stone was tbe 
which , for reasons of conve- status attributed to the court 
nience was typed up on tbe form sheets placed on the bench 
prescribed for the register^such before the justices informimt 
as concerned the court In Stone, them of the charges laid against 
where Lord Justice Robert Goff a defendant, 
had said that tbe preparation of Mr Blom-Cooper submitted 
such a list and its pubitcanon to that the court sheets in Topping 
tbe justices was not in itself and in tbe -present case were 
. ' similar. bw his Lordship said he 

Mr ciom-coopcr submitted .. was wrong to maintain thev 
that that case was wrong and were the court register, 
should not he followed. His They were loosesheeis whit* 
Lordship said that where there proriSd^^SSISbSS 
T 35 . , a conT'KS between two. tion. until conviction and sen- 
decisions of the court then foe fence or -acquittal, than the 
court had to. prefer one to foe defendant's name and the na- 

(m4n OB65L ,d R V G ° U ^ r the mfoiSte 

(n &Sn 6 S 

ctecided that asa general projSf and lq|i aid o?ti£ 
sition nwas uidawflil to UsLaa sheet, which when eonScSS 
charges related or unrelated . placed in foe court reSSSTU 
against a single defendant which -was only . then fitTml 
were for beanng on foe same , property to be descrihed 
day and for the justices to see part of the court resiSr^^ * 
that Iisl his Lordship preferred foal it was riri«ryfosm'i£3 0 a « 2 
Stone.. charge sheeL JuwnDM «^ 

There might he some occa-- If that was right then the 
sions. when it. would be most r premis e on which the - practice 
undesirable for • unrelated -rawred to in Topping was 
charpes to be hsted together: foe declared . 10 he unlawful 
cterk's good setifo should enable- Obviously factually erroneous, 
him to identify those occasions. ; ■ • H*s Lordship accepted that 
If there was complaint in any . * n foe present, case 

case, the justices had to deride, become pan of 

whether their knowledge of. rrL,“V ■ ^epster. until foe 
otherchmgesrn their li^ Aoukl '•••‘JSSrf had been 

cause them to. disqualify them- foe sheet placed 

selves by reference to the test of . there was nothing 

ostensible bias- deriacation Jj"* Procedure and . 

would be refused: 5Lr?2!^P. a ? eed wifo 


Topping and R v Wesion-super- 
\tore Justices. Ex pone Stone 
(unreponed. November 19. 
1 0X41. ihev had considered that 


tamed matters other than those 
required by theRuks. and ii was r 
therefore not in accordance with 

few ' .. 


Mr Justice Nolan agreed. >. • , \ -r-r- • 

U5R»JUa-n«.WATl«NS. 

ihcurrhte. swd mat the reason -Roost. Westan-o.™* ^ 


hk T^tch- 0131 Procedure and 


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ChorizonH) 


A guide to 
career choice 


The answer to a leading question 


Jfs common knowledge that British 
industry is short of young engineers and 

2Ssft£ 50 why * SSiS5! 

of silence over the equally dangerous 
shortage of young leaded y 

ta - 1 10 “command affection and 
(?s leadership has 
jeen dttenbed) is crucial to the role of 
management — yet among graduates it is 
a very rare commodity. uaiC51lls 

who ^ cmit lhr °ugh the 
tnm^ Qnd year after ye" a« accus- 
see,n B scores of academically- 
able students who. unfortunately, lack 
any clue about how to motivate or 
organise others. “Yet an aptitude for 
leadership is what we look for first of 
all, sard Roger EUis of Barclays — and, 
in tins, lie was echoed by many other 
companies. 

Barclays is a little unusual because it 
states quite categorically in its recruit- 
ment literature that it wants “decisive 
a i P ersuasiv e personalities who have 
already shown that they can rake an 
active or leading pan in school, univer- 
sity, or outside activities". Marks & 
Spencer too states boldly th a t ji j$ 
looking for “leaders, achievers, rebels, 
organisers, and initiators" But when you 
scan, for example. Graduate Opportu- 
nities '87 (Newpoint) there are strikingly 
few companies which give priority to 
these personal qualities. 

For example, neither Plessey; nor 
Smith and Nephew, nor STC, nor Racal, 
nor JNMOS, nor Pearl Assurance, nor 
Albrighi & Wilson so much as hint that 
anything other than academic qualifica- 


The ability to command 
affection and to 


communicate energy is 


crucial to the role 


of good management 
Edward Fennel considers 


the dismal lack of 


graduates with the 


talent to motivate and 


organize others 


There is still suspicion about 
the concept of leadership 


lions are significant. Now presumably all 
these companies do, in fact, value 
personal qualities and leadership talents 
in particular. But by neglecting to spdl it 
out these companies are contributing to 
the average student's sense of 
complacency. 

Of course such omissions are not 
unusuaL Maybe as a country we are shy 
or dislike the notion of 'leaders' and are 
suspicious of the concept of ‘leadership’ 
because it is too Germanic for our taste. 
The emphasis on negotiation and endles s 
discussion is still the atmosphere is 
which we feel most comfortable. 


planning, team-leading, and inter- 
personal . skills and their ability to 
establish a sense of direction within a 
group;" 

Massey now goes to considerable 
lengths to try to evaluate these intangible 
and immeasurable qualities. Once it has 
sorted through the initial application 
forms it will bring in selected candidates 
to its Assessment Centres and put them 
through a range of interviews and group 
discussions. It will also ask them to make 
formal presentations. “They may claim 
to be good communicators and to "have 
leadership abilities but we want to see 
them in action before we make a . 
judgement," says Massey Ferguson. 

Ellen Cockbum, the Personnel and 
Training Manager lor the multinational 
materials firm SteeUey, operates a simi- 
lar system and bewails the fact that 
although some students are capable of 
giving shitting performances many oth- 
ers feii dismally through lack of con- 
fidence and lack of experience. “I believe 
in leaders being made as well as. boro," 
She says, “and 1 feel that not enough is 
being done to help students develop 
these skills." 


communication skills to make the fullest 
use of their talents. 

Why is this? 

There is little doubt that the academic 
emphasis throughout the whole 16 to 22 
system allows students to believe that 
gening good grades is sufficient by itself 
for long-term career success. Moreover, 
the decline of group and team activities 
within schools means that there are 
fewer opportunities for students to gain 
the experience of working with others or 
to develop the skills of self-expression 
and assertiveness, which, subsequently, 
employers will look for: As a result there 
is a danger that there is being nurtured a 
generation of 'swots' who are studious 
but socially ineffective. 

Of course there are exceptions to this. 

One of the strengths of independent 
boarding schools, tor example, is that 
they have the time and the facilities to 
lay on lots of activities and there is plenty 
of scope for sixth formers to become 
deeply engaged in group events outside 
the classroom. 


Indeed the people most likely to 
impress graduate recruiters these days 
are the enterprising individuals from 
schools where nothing much happens 
who succeed in energising their fellow- 
students into action. 


Stuart Nicholas is the Principal of a 
large sixth form college and he wrestles 
daily with the problem of how to “widen 
the curriculum "so as to give his students 
the broader experiences of responsibility 


Success demands far more 
than good academic grades 


and involvement which are essential toi 
their personal development He sees that| 
the passing of the old traditional 
prefectorial system as no great loss but) 
feels that it is vital that the comprehen- 
sive system should create new structures! 
to nurture the leaders of the future. 


. It may not be surprising therefore that 
many graduates are shy of standing up 
and impressing their personality on the 
minds of employers despite the feet that 
they wifi need to impress in person, not 
.just on paper, when they reach even the 
lowest level of management 
Massey Ferguson is one company 
which puts a high priority on identifying 
candidates, with dynamic leadership 
skills. “From a candidate's application 
form and their academic record we can 
assess their ability to absorb,, analyse, 
and interpret information," said Massey 
Ferguson's Graduate Recruitment Offi- 
cer. “but what is much more difficult to 
assess is their personal attributes — their 


Personnel and training consultant 
Jane Beck shares this view. Having just 
completed a development programme 
for the hotel and catering industry she 
concluded that women, in particular, 
need much more help in developing their 
leadership potential. 

“T find that women trainee managers, 
many of them graduates, tend to be bossy 
and overbearing to their subordinates 
but for too subservient to their seniors," 
she said. “They really need a lot of extra 
help if they are to achieve the leadership 
skills which are needed to rise to the top 
positions." 

No doubt many of these unprepossess- 
ing graduates, male as well as female, end 
up in rather hum-drum jobs where the 
emphasis is more on administrative 
skills than on dynamic leadership. But 
the result, clearty, is that the educational 
system is producing a substantial num- 
ber of intelligent, well-educated people 
who lack the flair, the drive and the 


“Institutions such as our college 
council for example, on which 60 tutor 


groups are represented, provides an 
for individuals to 


opportunity for individuals to express 
the views of their fellow students, report 
back decisions, and to take on 
responsibility for some part of the 
running of the college: It works on the ba- 
sis of persuasion rather than the old 
authoritarianism of the prefect system 
and is a much more rewarding ami richer 
experience as a result On top of that we 
also encourage the setting up by the 
students themselves of all sorts of groups 
and associations and it is in those type of 
activities that we find the entrepreneurs 1 
and the innovators emerging." 


There is a clear moral in this. Whether 
you are at school or in higher education 
it's important to spread your wings and 
have more to show on your curric ulum 
vitae than lots of exam passes. If you 
want to impress an employer in a couple 
of years time, start doing something 
-dynamic by yourself now. 


FELLOWSHIPS 


THE UNIVERSITY OF 
MANCHESTER 

SENIOR 

FELLOWSHIPS 


Applications are invited -for SIMON RESEARCH 
FELLOWSHIPS in any of fee Social Sciences, includ- 
ing Law and Education, tenable during the academic 
session 1987/88. Stipends normally within the range 
£80)20 - £15.700 put (under review) (Simon Research 
Fellowships) or £14.870 - £18.625 pjl (under review) 
(Simon Senior Research Fellowships) according to 
qualifications and experience. 

Applications are invited for HALLSWORTH FEL- 
LOWSHIPS in advanced work in the field of Political 
Economy (including Public Administration). Sti- 
pends within the range £8J®) - £22340 pa. (under 
review) according to qualifications and experience. 

These Fellowships are not awarded for postgraduate 
study and applicants should have e xperie nce which 
will qualify them to cany out a substantial pier* of 
original research. Enquiries about the scope of the 
Fellowships are welcomed. 

Farther particulars and appdcadsa forms {returnable 
by December 1st) are obtainable from the Registrar 
(A cademi c Staffing), The Unfonity, Manchester 
MU 9PL. Please state far which FeUewsUp details 
are required and qaote ret 247/86/T. 


’—TniyersWy™ 


FELLOWSHIPS 


Applications are invited for a fifraited number of Fellow- 
ships in session 1967-88, available at the following 
Constituent Institutions:— 

The University College of W^.^wshnyth 


The umve^it^Coll^^ North Wales. Bangor 


University CoL,-. — ~ 

The University College of Swansea 

St^SviS^funUrsity College. Lampeter 
The Fellowships are tenable for two years from 1 Octo- 
ber 1987, and are open to graduates of any University. 
Candidates should possess a research degree. 

The stipend will normally be £8,020 (first year) rising to 
£B ,505 (second year). This Is at present under review. 

Applicants may obtain further details <md appficalion 
Srms from the 1 R^b^^lreWimo^i^ 
enter, or from the 

Dieted form should oe lodged with the Registrar, 
University of Wales, University Registry, 
Catheys Park, Cardiff CF1 3NS by 2 February, 
1987. 



KEBLE COLLEGE, OXFORD 
E.PJL JUNIOR 
RESERACH FELLOWSHIP 

The College proposes to appoint a suitably-qualified candi- 
date (normally in the age range 24-3tyto an |PA Jungr 

Research Fellowship in some branch d tfre Medical. 8^og- 
cai and/or Chenwal Sciences fmcfudmg ftocheretfiy) »r 
three yeas from 1 October 1987. The sfawndof a Fellow hi 
receipt erf no other emoluments wffl be £8J320 (at current 
rates). This wdt be appropriately adjusted mother caatbut 
in no case will the total stipend faU below toes figure- faiter 
partndara. indufing details of accommodation .an d atow - 
ances may be obtained from die Warde n. Kebte Cofa*B^ 
Oxford. 0X1 3P6. to whom applieajjons should be sub- 
mitted no later than 1 December 1S8&. 


SCHOLARSHIPS 


A GIFTED SON? 

Then read on ..... 


A new range of scholarships for 
external candidates, boys between 
8 and 11 is announced by Chel- 
tenham College Junior School. 

The scholarships in music, 
drama, art games and academic 
subjects are worth as much as one 
third off current school fees. 


Operative from September 1987. 
Examinations: November 17th 
1986. 

For further details contact 


The Headmaster, 

Mr. David Cassell, 
Cheltenham College Junior School, 
Thirlestaine Road, 
Cheltenham GL53 7AB. 


Tel: (0242) 522697. 


City of London School t 


Qm Vfcfcri. JiWrct. Umimm W4V ML 
>1-09 K9I 



SIXTH FORM ENTRY 1987 
for boys and girls 

Scholarships and places (including Assisted Places) are 
available for boys and girts of njgb academic ability 
wishing to enter the Sixth Form in September 1987. 
Admission is by examination and interview held in mid- 
February. AppBcations should be made by Janaary 31st 
The School moved to August of the yearto mayiificent 
newty-buitt and newty-equppsd premises on a riverside 
site in the City. The average A level pass-rate for the last 
two years is 95%. 

Further details and application forms from the Admis- 
sions Secretary at the School 


OAKHAM 

SCHOOL 

Independent 
co-educational 
Boarding and Day 

SCHOLARSHIPS 

Academic Music Art 


FULL FEE AWARDS 
and part fee awards 

71+ 13+ Sixth Form 


Further details from; 
The Registrar {TX 
Oakham School 

Chapel dose. Oakham, 

Rutland LEI 5 6DT 


UNIVERSITY 

APPOINTMENTS 


EXECUTIVE OFFICERS < 3 i re 
<W» red k> won. HI llx- Rrgte 
irarXMUl LxjmlrolKTO tertian 
iKOifBfQBln TTW wettoni or. 
i*4MM*bh- lor tur rr«w>Mn 
*na r^mlianu MWf 
Inch of Ibr 7000* HodRU 
MPNWKf m KKll would 
bf n bat oof nwn 

M Tfomwork h e fralurr M 
bom mIk wtofti imohr llahen 
work win n«inri othrr 
Mrfff. -non «nd jtu 

dnih A woo omcTAl tun at 
ftiwtimi it trwnual. S a l a r y 
<Mlr C7378 C8b3?me Fur 

. BiTT MfTKiiiMI and AMHCMMH 

Nwm ironSmor AtouiAiH B** 
Nim V nncnttv Goft**o» 

London. Gown &imt. L o nd o n 
Hide MT TOI OI LB7 7060 
«l 20*4- lov-ticni awOCdBoni 
would Dr «J«nj 


London Business School 

Lecturer in Decision Science 


Applications arc invited for the appoint- 
ment of Lecturer in Decision Science at the 
London Graduate School of Business Stud- 
ies. Teaching duties will involve intro- 
ductory statistics and operational research 
on the postgraduate and postexperience ex- 
ecutive courses, with an emphasis on com- 
puting and decision-support- Applicants 
should have a strong interest in research 
amL.by the time of appointment, hold a 
doctorate in this subject area. The appoint- 
ment will be subject to the normal terms 
associated with a lectureship at the London 
Business School. Applications, including 
curriculum vitae and the address of 2 refer- 
ees. should be sent to 

Derek Bunn, C hairman, 
Decision Science Subject Area, 
London Business School, Sussex Place, 
Regent's Park, London NW1 4SA. 


LQVDOV BtJSTXESS SCHOOL 


UNIVERSITY OF 
ST ANDREWS 
Department of English 


Applications are invited for a LECTURE- 
SHIP tenable from October 1987. Tne English 
course takes in the whole range from Old 
English Language and Literature to the litera- 
ture of the present day, including some Scot- 
tish literature. Candidates must be able to 
reach a wide range of topics at both Hooouis 


and pre-Honours level Specialization in the 
i>e a 


Romantic period would be an advantage. 
Salary at appropriate point on scale £8,020 to 
£15,700 per annum, starting salary probably 
not above £10,865 per annum, plus USS. 
Brief further particulars may be obtained from 
the Departmental secretary, the Department 
of English, University of St Andrews. 


Applications (two copies preferably in type- 
script) with the names of three referees should 
be sent to the Establishments Officer, The 
University, College Gate, St Andrews, Fife, 
K.Y16 9AJ, to arrive not later than 21 
November 1986. 


UNIVERSITY OF 
WARWICK 

ASSISTANT REGISTRAR 
INTERNATIONAL OFFICE 


Applications are invited from good honours grad- 
uates with University or relevant overseas 
experience. 

The International Office was set up in 1982 to 
ensure the effective recruitment o£ and provision 
of services for, overseas students. This is a key 
post in which the bolder will play a formative rote 
mi be planning and organisation of the 
University's rapidly growing international 
activities. 

Salary is on the Grade n scale; £12Ji80 - £15.700 
P-a- ' 

Further particulars from the Registrar, University 
of Warwick, Coventry CV4 7AL (0203 523627) to 
whom applications (2 copies, quoting three refer- 
ees) should be forwarded quoting Ret No. 
12/B/86/J. Closing date !4ih November 1986. 



THE AHSTRALUI HATKHUU. 
NHVEBSITY 


VICE 

CHANCELLOR 


Tho Vice-Chancellorship of the Australian National 
University wfl become vacant on 31 December 19S7 
following the retirement of Professor P H Karmel AC 
C8E. The Vice-Chancellor is the Chief Executive Officer 
of the University. 


| The Chancelor. Sir Richard Blackburn, invites enquiries 
from mm and woman with appropriate experience and 
qualifications interested in being considered for ap- 
1 pointment He would also welcome suggestions as to 
I suitably qualified persons who might be approached 


AH suggestion s and enquiries wM be treated in confi- 
dence and should be sent as soon as possfaie to the 
Chancellor. The Austreian National University, GPO 
Box 1102 , Canberra, ACT, 2601, AustraHa, from whom 
further information about the position is avalable. 


R V Dubs 


IK HVE1STY IS U CQML O FFSHTT EMPUTIS 


UNIVERSITY OF WARWICK 
SENIOR RESEARCH FELLOW 
RESEARCH FELLOW 

Parliamentary Unit 


Applications are invited for two full-time posts. The work 
of the Unit, which is financed by the House of Commons 
for the period up to 30 September 1990, involves the 
analysis arid design of economic policy for Select Com- 
mittees and members of the House of Commons. The 
Unit, directed by Professor Marcus Miller, is in the 
Department of Economics and uses the facilities made 
available by the ESRC Macroeconomic Modelling Bu- 
reau. Appointments will be made either as Senior 
Research Fedow, on the Range II Scale: £11,790-15,700 
per annum, or as Research Fellow/Associate, on the 
Range IA Scale: £8,020-12,780 per annum. Candidates 
should be wed qualified in economics or econometrics, 
and have, for the senior post considerable experience in 
running policy simulations on macroeconomic models. 
Further particulars from the Registrar, University of 
Warwick, Ceveaby CV4 7AL, to whom applications, 
quoting Ref. No. 1 2/3A/86/J should be sent- tty 14 
November 1986. 


IMPERIAL COLLEGE OF SCIENCE 
AND TECHNOLOGY 
(University of London) 

SERC RESEARCH 
ASSISTANTSHIP 


available in the Department oFEkctricaJ Engineering 
from November 1986. on the RAlB scale (£8J52 - 
£10.792 per annum). 

The appointment is concerned with the development 
of new sequential multi variable design procedures for 
process control Candidates should have agood back- 
ground in the Mmhemaiks of Control Theory, and 
experience hi software development for Computer 
Aided Design. This appointment is initially fbr one 
year with the prospect of a renewal far a further two 
years and of undertaking research leading to a PhD. 


Applications including CV. Kst of publications, and 
refo 


the names of two referees, to: 

The Principal Investigator, 
Professor G F Bryant,. 
Department of Electrical Engineering, 

Imperial College, 

Exhibition Road, 

London SW7 2BT 


LADY MARGARET HALL 
OXFORD 
JUNIOR RESEARCH 
FELLOWSHIPS 

The (ollege invites applications from suitably 
qualified candidates, for the following Junior Re- 
search Fellowships: 

TALBOT RESEARCH 
FELLOWSHIP 1987-90 

Tenable for three yeare from October 1987. Open to men 
ana women graduates of any university in Arts subjects, 
who wll be under 30 years of age on 1st October 1«87. 
and who are of post-doctoral or equivalent standing. 

EPA CEPHALOSPORIN 
RESEARCH FELLOWSHIP 1987-90 

Tenable for three years from October 1987. Open to men 
and women, wonting in the Medical, Biological, or 
C hemical Sciences. Applicants win normally be expected 
to have at least two years’ research experience following 
a first degree- 

FLOREY RESEARCH 
_ FELLOWSHIP 1987-90 

This is supplemental award open to women working in 
any science related to Medicine, and is intended for 
woman of postdoctoral standing who already has or has 
arranged to have connections with an Oxford 
Laboratory. 


FUnhcr particulars of both Fellowships and : 
fonns may be obtained from the Principal's 


l.ady Margaret Hail. Oxford 0X2 6QA. Q 
all applications 29th November 1986. 


UNIVERSITY OF 
GLASGOW 
RESEARCH 
FELLOWSHIP IN 
ECONOMICS 


Applications are invited for a temporary two rear post in 
Economics {from January 1987 or as soon 'as possible 
thereafter) from candidates with postgraduate training in 
macroeconomics (nr econometrics or other quantitative 
areas), to min a new research group in international 
macroeconomics, and to work on North-South 
interactions. 

Salary will he up to point 6 on Range IA nf the salary 
scale for Research and Analogous Sialt (currently 
£10.375. subject to review) with placement according to 
age. Qualifications and experience. 

Further particulars may be obtained from the Depart- 
ment of Political Economy, Adam Smith Building, the 
University of Glasgow, Glasgow GI2 8RT (phone No. 
041 339 8855, ext 4618). Applications (6 copies and 
enclosing an up-to-date CV.) should be directed to the 
Departmental Secretary. 

Casing date 20th November. 1986. 


UNIVERSITY OF DURHAM 

DEPARTMENT OF 
GEOGRAPHY 

Applications are invited for the post of SENIOR 
DEMONSTRATOR for two years from 1 January 
1987. 


Candidates should be computer literate and inter- 
ested in introducing computer-baaed work to 
undergraduates as we& as in tfechfagr practical 
and tutorials. No particular research specialisation 
is sought but teaching opportunities in the 
candidate's .specialism are normally available. 


Initial salary £8.d2D on Grade IA with 
superannuation. 


Applications (3 copies) naming three referees 
should be sent (quoting reference Ol) by 7 
November 1986 to the Registrar. Science 
Laboratories. South Road, Durham. DH1 3LE, 
from whom further particulars may be obtained. 


University of London 

SIR CYRIL KLEINW0RT CHAIR 
OF COUNTRYSIDE 
MANAGEMENT TENABLE AT 
WYE COLLEGE 


The Senate invite appfleations for this new Chair, which 
has been established in recognition of the important 
relationships between primary land uses, rural sod- 
sties and the environment. Applications are invited 

from persons who may come from any one of a number 

of relevant disciplines. 

Applications (10 copies) should be submitted to the 
Teachers' Section, University of London; Malet Street 
London WC1E 7HU, from whom further particulars 
should first be obtained. 


Tne dosing date for receipt of applications Is 
28 Novemoer 1986. 


University of Exeter 

DEPARTMENTS OF 
GEOGRAPHY AND LAW 

RESEARCH ASSISTANT 


A one year port to work on the final stages of the ESHC 
funded Accent to Juxtace in Rural Britian Project, from 1 
January 1 987. 


The successful applicant should be a graduate in Geogra- 
phy. law or rented social nrirare discipline. 


Salary within the range of £7055 £H505 depending on 
age and experience. 


Applications, including the names of 8 referees should be 
sent by 14 November 1986 to Dr M. B lac knell or Mr. K. 
Econo nudes. University of Exeter, Exeter EX4 4RJ. tele- 
phone (0392) 263051 or 263876, from whom further 
particulars are available. 


UNIVERSITY OF ABERDEEN 
CHAIR OF GERMAN 


Applications are invited for the Chair of German from can- 
didates with a distinguished record in research and schoter- 
stiip and the capacity for leadership in the Department 
Faculty of Arts and Social Sciences and University as 
a whote. 

Further particulars and application forms from The Person- 
nel Office. The University, Regent Walk, Aberdeen AB9 1FX 
witli whom applications (2 copies) should be lodged by 
12 December 1988 (Ref No ER/045). 


SPECIALIST TRAINING | 


OPPORTUNITIES FOR WOMEN 
In 

COMPUTING AND ELECTRONICS 


No prior e xp e rie nce required: 

4 new training coone (peaally dessaed for «wnm if 
comencTiiE Monday In December 1986 at the address shown 
below. 1 15 Mimne* from Waterloo, laodon bridge. 
Victoria or Cmvdenl 

Training allowances are pud on dm MSC Funded course. 
Phone now 01 778 8322 lo arrange an interview on cither tire 
I Ith. 12th. 13th. 18th. !9ih or 20ih November at either 
9. W am or 1.30 pm. 


Computer Insight Ltd, 14/16 High street, 
London, SE20 7HG. 


25 


UNIVERSITY APPOINTMENTS | 


• %; i • • 

' V- ' • 




















THE TIMES MONDAY OCTOBER 27 1986 

EDUCATIONAL 


COURSES 


'(g[?fflDD{?O@0d] 


PREP & PUBLIC SCHOOLS 


POSTS 


• STUDENTS MAY APPLY TO RMCS IN ADDITION TO THEK? UCC A APPLICATIONS TO 
OTHER UNIVERSmES 

• SCHO LARSHIPS— currently worth c£2jOOO— or INDUSTRIAL SPONSORSHIP MAYBE 
OFFERED TO WELL-QUALIFIED APPLICANTS 


OFFEREDTO WELL-QUALIFIED APPLICANTS 

0 BEng in Civil Engineering 0 BEng in Mechanical Engineering 

® Bs c in Applied Science © 

(D BEng in Electronic Systems Information Systems 

Engineering 0 BEng/BSc In Infor ma tion Technology 

Pbr further information and prospectus, please return this coupon or 'phone: The Academic 
Registrar, RMCS Shrivenham, Swindon, Wilts SN68LA. Tel: 0793 782551 ext. 2400/1. 

-£c 

Coupon. I'm interested in (ptease Uck) CD (D (D @ (D ® (T) 

Name 


Address 




HOLBORN SCHOOL OF LAW 
AM) BUSINESS STUDIES 


LLB? BSc (ECON)? 

UNIVERSITY OF LONDON 
three year degree courses in law 

ACCOUNTANCY • MANAGEMENT - BANKING 
ENTRY: BSc - 3'0's and 2 Ai Grade E. 

LLB -3 ‘0's and 2 'AS Grade D (grade E in 1987) 

‘A’ LEVELS? 

CAREERS GUIDANCE BY BRIAN HEAP 
1 YEAR COURSES START OCTOBER 
18 MONTH COURSES START APRIL 

Full Time, Part Time or Correspondence » 


>L • DEPT MT 200 GREYHOUND ROAD 

LONDON WT4 9RV TEL: 01-385 3377,/ Ol'l 


CHIROPODY AS A PROFESSION 

The cemand tor me trWneU man or woman dmopodm m ms 
private sector Is mcrsasang. Most of the training necessary to 
quality for a cfipioma in chtropooy may be taken at home by very 
specialised correspondence lessons lofowed by lue practical 
training. Yai am mmed to write for the tree booMst from 
The School at Swracal Chiropody 
The SUAE Institute fostabfished 1*19) 

The New Hal (Dept. TTIJ 
Bath Road. Maidenhead, Sarto. SL6 4LA 
Tat (0628) 21100 (24 bra) and (0628) 32449 


SHOOT INTENSIVE Ivpewnllnq 
course at Longhorn Secretarial 
CoUrop. park Lane Full lirrw 
tor 4 weeks. Sun i tjh Nov and 

GUi Jan Contort Mr* M 

P*UBP*- IS Dunravcn Si.. Lon 
Son W1V 3FE. TH. 01-629 
2904 

THE QUEEN'S SECRETARIAL 

Oourqe. 22-24 Ouemhmy 
Plan*. London &W7 2DS 
Please wnlp or ifwohmw lor 
crowd uv 01 589 8683 
or 01681 8331 


ST. GODnCS Codoor. London 
hem*Una». Rusui>-vs and Lan 
‘A*aor Course*. Word Processor 

Trainin') English for Ov-TVas 
SlluV-nls Rnudnnl and DaV Slu 
denis The Rfurdrar "111. Z 
Arkwright Road. London NW3 
oAD. Td at 436 <«M 

*ERSCT UMVERStTV offer-' 
Haws courses in mod sunsets 
lo itmIUTp -audanls In distance 
li-amnn Drtafo wrtlr lo Sum 
ersH indrtpudfiil L ntv rnuly 
llnunsler Somarvl T All OBO 
Tel 04406 526S 


UCCA? 
PC AS? 

We tare helped thousands to 
succeed by choosing the ngra 
course and career Const#: 
Skmm CAREER ANALYSTS 
z, A 90GlMCe*UrPMce,m 
* W 01-935 5452 [24 M 

0>O — mwiiiti 


THE M0Y5ES STEVENS 
FLOWER SCHOOL 

Three week courses in Rawer 
Ananpni and Ronsir) held 
ihnvughoiii ibe year. 

Two da* courses also 
available. * 

phrase nag- 

01-193 8171 for Amber details. 
» Bncsa Siml 
L mdu WIN 7AC. 



GENERAL APPOINTMENTS 


SECRETARY 
AND REGISTRAR 

The post holder will be the Head of Administration and Clerk to the 
Governing Body. 

The salary will be up to £25,500 including London Weighting 
Allowance. 

Application forms and further particulars may be obtained by writing 
to: 

The Rector, North East London Polytechnic, Romford Road, London 
E15 4LZ or by telephoning 01-590 7722 

. k (Closing date for application November 14th 1986) 
ifi 


NELP 

North East London Polytechnic 


pre university? 

POST UNIVERSITY? 

Ii»n« b— lira* 

itotnra I Dares 

SJnneyMiWR. 

{aamrjad. 
horontiat *«Rb 
non F'iqccqi^c 
Orta Pood 
U llmBak 
St uA i n lh i 

annua* 

EOSacHi Whxi SMH. Imfeo «. 


iMVERSlir DEGREES Earn a 

BartM-torN. Master's or Doctor 
air .traiv,- ,-nlirely from hotnr 
imnq »nur aradrmir (Hr and 
wort, rxommcp to date FgUv 
l«ual dnrA-* arr avails*- in a 
wid»- i •iru-t v nl disciplines lo rj. 
prnrnrrd adults who serfc 
rrcnqmiion for l heir achieve 
mriitt A thrv, may hr requir'd 
OrtM-inling nn rrrdlts awarded 
In Irr n. atonal nnntradilional 
On) air and unorcredliM Uni- 
trrsilt offer* Iter evalualloa 
Pnworclu- from Men Cifoon 6 

Company. fVpl T. P O Bn\ 5. 
Stuours. Sufi oil.. CO 10 fiOW. 
Trl. >02841 42984 


HAMPSTEAD & 
H1GHGATE 


HAMPSTEAD NR Hralh Luxury 
llal with qaram.1 double. l an 
«Hr Bed. large lounge, dining 
area country- k lichen. 
Minion unv let l year. £260 pw 
Tel Ol 794 2789 


EVENDINE COURT 

jf W Cobrall Mxbm WORCESTERSHIRE 

// j\ Telephone No. CohreB (6684) 48428 

f II PRINCIPAL. 

II 1 MRS RJ. TRAFFOROROBERTS 

t\* ^S jjp*// A RESIDENTIAL COLLEGE WITH 

SUPERB GROUNDS AND FACILITIES 
\\ fi for pun TT krvcl audcnik 

STARTING II* JANUARY 1987 
A 2 TERM COfffJON BLEU COOKERY COURSE 
leatfra ID Oly and Gukls Cedates. w<h TVRNG or DRESSMAKM as 
SUjsdJary SohyKts. 

STARTING IN SEPTEMBER 1987 
NEW ft 3 TERM SECRETARIAL COURSE lor 12 STUDBfT5 Crty 
mdufcng. Worn proces si np. Enqbsn lor busness skas. Mereew 
Tetfmques ano PuMc Speauig Miwnm 3 'O' levels (tod Eng Lang) 
requrwL 

ALSO 

3 TERM CORDON BLEU/Cuv ana Gutols Cootoy Comes 
Mh Typmj or Dress mate*) HOME ECONOMICS COURSES. 

-O' and -A' level retakes possttita. 


FRENSHAM HEIGHTS 
SCHOOL 

ROWLEDGE, FARNHAM, SURREY 
Telephone (025 125) 2134 
Headmaster Alan Pattinson, NLA. 

265 boys and goto aged 11-18 

JUNIOR DEPARTMENT 
ENTRANCE EXAMINATION 

The Scnool 's major Entrance Examination w8 be held on 

Saturday March 7th 

However, given the interest shown by 
prospective parents we have decided to 
examine some applicants aged 11 and 12 on 
entry in September, 1987 on 

SATURDAY NOVEMBER 29th 
from 10 a.m. to 4 p.m. 
Interested parents of boys and girts in this 
age group are invited to the Prospective 
Parents’ day on Friday November 21st at 
1.45 p.m. Details and school prospectus 
from the Headmaster's S&retary, 

Mrs Sue Rickard 
•O’ level pass rate in 1988 75% 

‘A’ level pass rate in 1988 88% 

Bu8t of Sixth Form into University; 

3 places gaoled at Oxford 


NON-SECRETARIAL 



St John's Beaumont 
Old Windsor 
Berkshire 

The Governors of Stonyhurst College and 
Saint John's invite applicants for the 

HEADSHIP 

The appointment will be made in December 
1986, to be effective in September 1987, on 
the retirement of the present Headmaster. 

Saint John's is a preparartory school for 
Roman Catholic boys. The Headmaster is a 
member of 1APS. 

Further details may be obtained from The 
Clerk to the Governors, Stonyhurst College, 
Stonyhurst, Nr Blackburn, Lancashire BB6 
9PZ. to whom letters of application and 
curriculum vitae should be addressed. 
Applicants must he practising Roman Catholics. 


PREP & PUBLIC 
SCHOOLS 


Exchange Wanted. 
Help! 

b Tim reafiy no setoai m Gnat 
Bnao cutis rent w t n wgt 
Mtts wMi m Mb Rwa Granonr 
S(*ri n UM Gmsiy's oktosi 
town ■ TRER (2000 itmf> Pleas 
coma 

Mto-d E Mngef . 

In der Lay A 5501 Obvrt*g 
(TRER). Pad. top. ot Gaarnmn. 


TEFL TEACHERS 
(R.S A PREP) 

Required tor schools In 
MairaL Please wrto with 
CV or phone 

Mr. J. Jeram, Uricea 2906 , 
PZA. KN BARRON 5 . 
FUBIUBRAQA, MAOHO 
6157 G 28 . 


WHICH SCHOOL? Our counsel- 
brx) o trrt 4nd otnrciur CQtnr 
and jw m - TruNn & 
KmohUcy. 76 Nowne HHI Cate, 
wil. Trt; 01-797 124SiTTl. 


THE CRAN5TOUN PROJECTS^ 

We air Mdkntg lowpogn a 

for am Surrey Dross Resourc e Scbcn c bas ed 

This noted provides Advice. Tranny ^ 

in rcfalior to probtan dm* we in Surrey 

alls, ihe protect amass support for ousudb semros and a 

romulns to tool service devoopoMiL . . , lfT 

TJ« person appoiiued will lead 

L«al Autbonues. Kno wledge a nd _gPg"jSi- 1 

advaniaae. 

Salary 111^84 to £1084 inc. aceoriins » e*peitew*. 

Closing Daw 1916 November I486- . , , . 

For Batter infomaiion, apply *r Tte Attnmwi^ 

0lS7 M 


ST. AUGUSTINE’S 
CHURCH OF 
ENGLAND 
SCHOOL 

(Secondary) 

Oxford Road, London,. NW6 5SN 

Required for January. 1987. Emtiusimtir and flexible English 
teacher. Scale 2. 10 be sramd-in-char}?: of huegrawd Surfies. a 
wefl-esuWisbed imepmied Humanities and Eiudnb ootuse for It* 
and 2od vean. The post fodmles responabiUty for overeighi of ihe 


English content of the coarse, and involves EugMlll teaching 
Umwghoui the school. 

Applkaius dunk) be is sympathy with the Cfaristiaa aims of the 
School. 

.Andy io w ri iiu g io the Head texher. giving CV and mo referees. 
AppticatKm fonts w»n be sent m w 


Notre Dame School, Liugfield Surrey 

Appointment of 

BURSAR 

Fotioaring tfn tnnttr of ita sdual tram Ite SotBre of Note Dame 
Id lay management the Toottes wish to appoint a Bursar wboshouU 
be SNaiteble to start on 1 January 1987. . 

Foil detatt and form of H ip tatton may be atoned franc 

The Administrator, Notre Dame School 
UNGFiELD, Surrey RH7 6PH 


PART-TMK HECEPTHBUST. Ex 
roflMll wlin plus bonus and 
lunch aUm>anrr Famous Man 
a<jrfTH-ni OomuiUiKy/Hred 
Hunim In SWi needs your 
pleasant ,mrr and smart an- 
praranre lo qreei ihetr iisiiors 
Switchboard experience but no 
lipinci Aw 25-40 Share duties 
with another receonontu. Joan 
7iw Becninment. 01-379 
3518. 


y, 


SUPER SECRETARIES 



WiMhspt-aftffi 


NISSAN SILVIA 

Turt» Auto Coupe 
New & unregistered. 
Huge saving 
£9.750 

Tet (0605) 592241. 


PA AUDIO SEC for partner of 
Mayfair EAV Mum be sort* 
Mr. pmenlable and IKcly 
C0.5CK>** Rmg Annette 734 
7823 Klnquand Personnel. 


70WK PA Career minded for re- 
ssoruahle SH & audio position. 
AW 19+ 01-9.000 aae. Rmq 
Annette on 734 7823. 

Kinrsland Personnel 


PAHT TME assistant req ui red for 
anlHjue lumtlure gal lery. For 
details leieptione 229 0783. 


DOMESTIC AND 
CATERING 
SITUATIONS 


SECRETARY 
RED CROSS 

We Deed an experienced secretary aged 21+ 10 mast with (he 
adinininraiion iad organisation of train ins courses wnbm the 
iraming depuimetu and provide additional se o t aana l nppon 
to ocher divtstons. Good sbarthkndJ typing egemiftl for this 
busy post where experience of WP (Olivetti Oliieo) would be 
betpfol although cross training will be given. Training will also 
he liven m the use of audio and film equipment ana in fits 
aid and casualty tt uM wi 

Starting salary up 10 £ 7.500 pa. Staff restaiuam and ST 1 _ 

Please caetad Penmd Officer, British Bed Crass 
Sodety, Nation! Hndanrfer*. 9 Grasvcaar Q» 
cuc, Lndn SWIX 7 EJ 01 235 5454 

(No Agencies) 


conua MAHHTTMe Wortt* 
as part of a ban 101 theMarket- 
u*4 Oi» . of IMs C«y Bank. vot» 
will usr your litiuatne 10 Ihe 
lull ft haw with ettents on Ihe 
phone A m person Good Sec 
ikilb ess. as k ntl presentation 
A phone manner. £10800 +• 
rwrllenl perks Mrrrow Em 

mv fTJie Lanpuaae SpaodHtoti 

01-036-1487. 


FASHION COW1 Secretar y SH A 
audio. Lots of resoocwtoBly A 
invoJtenwnl £9000 Rinp Un- 
oa Mitchell 439 8071. 

KlrrqsJand Personnel. 





M4 l«M white. 1 owner 
l^.OOO mifos. many extras 
FSH. Ct3b50 e\e» 3 w/eruM 
0268 7933<i2 


RENTALS 


OFFICE EQUIPMENT 



A FURNISHERS 


□ Sturgis 


HANS CRESCENT 

KNIGHTSBR1DGE 

• 3 betiooms. £575 pw. 

• 2 bedrooms. 5550 pw. 

• 2 bedrooms. £500 pw. 

• 3 bedrooms, £300 pw. 
a 1 bedroom £250 pw. 

draycott place, 

CHELSEA 

• Studio. £130 pw. 

• I bedroom. £180 pw. 

• 1 bedroom. £225 pw. 
■ 2 bedrooms. £250 pw. 

• 2 bedrooms. £275 pw. 

• 2 bedrooms. £300 pw. 

Company lets only 

**-s aria?" - - 




HSISUTE. SV 7 

Stood umwnmw Sal How H» 
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Perwd and Reproduction Desks. 

Fihttg CaOmets. Wntinq and 
Boardroom Tables. Desk Chairs 

Wrrte lor details: 

Just Deris. Dept 24/10/86 
Showrooms:- 20 Ctwreb Street 
Londoa NWB 8S>. Tri Ha 01- 
723-7976 

6 Etskfoe Road. Lndua NW3 
Tri Ha 01-722-4902 


MAGNIFICENT 

1 bedmom Hal smuted in me 
heart ol me Crfv. Has ro:»t ter 
race wth superb -news ol finer 
and London sMme £73.500 
ft* tnennq please call: 
Jackson Property Services 
ore B1 928 2406 Sam • 7pm 
seven days a week. 


COLLEGE LEAVERS- 
SUPERB CAREER 
OPPORTUNITY 

for bright presentable person 
wtb accurate 45 wpm typing 
skills m headquarters ol 
world leading tirm. based 
Omrai London First class 
modem air conditioned of- 
fices and enceuem p-osoeds 
& benefits. C.S7.000 plus. 
Please phone Jill Wotton, 
Alliance Management 
Consultants Ltd. 

403 7522/4 


sec NO SH 70 I7.SM Urw 

hnoiiH di« tvmiils Iim,i I'.linu 

jMJ. CiNMIMIU B10WIS. 
SuP^rtt rjtli ro» U' »rr>«il SI 
Bclfo Crip Aq\ -104 Anis 


TEMPTING TIMES 


BUSY! Bin' •• w P VH axultn 

Ip.'i ini' dl Ii-^iih, 

■ ,t< ■ ihr"uoti -in 

Bui • **i. HOri"»t SI. I.C- 5S.' 

?i30a 

LONG TEAM TZMP -rw hr 

prim- SH SnTi-lJO Iillh I*I*4| 

chi ■■»p in v»6 si^runu Ihi- 
rhni-4ii pk-.p- miij;;.!:- 
UiatlPlu- Th.- UPSncci.iInlt 

LONO TERM i.-nicvH.irj •»i1h 
-vira nrr(---i UP ‘Znr.t i-.pinn 

I ..I-1 I-- Np IP C'lri Ml 

wp: iiM-iii r4 Bona sir-'-i Ot 

tart* 


CATERING 
STAFF REQUIRED 

The V & A Museum 
new restaurant needs 
cheerful staff (of any 
age) to generally help 
during the day. We 
have full Lime and | 
parti me vacancies. 
Beauiifiil surroundings 
and an excellent lunch 
prov ided. This is a re- 
advenisemenL 
previous applicants 
please re-appty. 
Please ring: 

Sandy on 

01-581 2159 


PART TIME 

vacancies 


TP X FH OM3 T WECgti fWrtS r 

■Moiurrlii Buwit-v rrtitrr U N 
S Horn Mon in fn lO-tpm twh 
1130 Hi «38 ^t 51 


TO PLACE YOUR 
PROPERTY 
ADVERTISEMENT 
IN THE TIMES 

TRADE 
ADVERTISERS 
TEL0W8I 1986 

advertising 

FAX NO. 
01-481 9313 
TELEX 925088 

PRIVATE 
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OF 

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The Times Classified 
columns are read by IJ 
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MONDAY 

Edwcaiiaw: Univeniiy 
Appoimmcnis. Prep & Ph&Hc 
S chool Appoinimcnii. 
Educational Couran. 
Scholarships and Fellowships. 

La Creme de la Creme and other 
scacianal appoinimcnts. 

TUESDAY 

Computer Hotuonre Computer 
Appaimmcnu with cduonat. 
Less! A ppe in tree Ms: Soliriiors. 
Commercial Lawyers. Legal 
Ofliccn. PruaicA. Public 
Practice. 

Legal La Cieae for lop legal 
sccrriaric5. 

Public Sen or AppoaKneots. 


rCK.OOa Jam IhH I t Wttl l lU CMy 
imwiI rwnwnv who atr rr- 
vrictxm ot nrw mod uns to 
uv nwdtrat w diwoi i and run 
their busy ronaiuan area. You 
should hr >«y writ pmHiM 
and Mioftm with 45 wmp tvotnd 
abtlliy Tramtno ann on Ihe 
swilchhoara OflKV rxnertencv 
noi esseoual Please tetephone 
Ol 240 391 1/3531 iWm End) 
or 01240 3651 iCltyl. Eliza- 
oeth hum RemutmeM 
Corauiunls- 

TOP SECRET AWY / MC PH O W- 

tST to U 2.000 nro ft leotltno 
Mayfair based utiemauonai 
bant- see k s a raenty prosemaMe 
and ' ery socially ronIMeM sec- 
rrtarv win Ihe pone and con- 
lideiH-r to *jrrei all vip clients. 
Prr\ kxts secretarial and recep- 
tion experience needed. SO 
wpm typing and WP abtttty 
needed Shorthand preferred 
Please telephone Ol 240 
3SM/355I tW«u Endt or Ol- 
2405561 icily t. Dnrabrth Hunt 
Recrutlmenl Consultants. 

TURKEY - NoS/H PA to promote 
the services of an rstabttshed 
bank in Ihe City Good lypfno. 
organising amity- banktnq 

and/or mrittinv expenence 
an a*sel Working as port ol a 
one man team, bkiey age range 
24 30 Salary Ut Cl 2.000 For 
further details ptease romaci 
Jane Croslhwalte an Ol SRI 
;-QTT/rc*J7 at Jane 
Croslhwaile Recrutlmenl Con- 
sulienis Ud. 21 Beauchamp 
Place. Loudon SW3. 


lit ated young secretari 
required lo as* hi in small, busy 
and tun office Good S/H typ. 
wrsl presen led and able lo cone 
under pressure. Uklev age 
raj ion 19-23. salary £&30O. 
For fort Iter details please con 
r*-t Lury Mai Hand on Ol 981 
3977/2947 at Jane 
Crounwaile Recrutlmenl Con 
suliants Utd . 31 Beauchamp 1 
Pur-. London SW3 

•A' LEVEL EDUCATED SEC with , 

90/70 skim rcovj i ren for 3 Se- 
nior m large Crty Bank. 

Ctmil ran lan. some admin nr. 
Co. 500 * perky Call 377-8000 
■Civ i or 459 7001 rtsest End I 
swrrlanjs Plus The becneian 
el Consonants. 

* H nf a C i rtfo we Leaser witn 

nIipiio 90/90 WHI be welcomed 
m Personnel Oepi at dm name 
CH‘ oroamsahon Esciflno op- 
port unities siarlinq rC&OOO ♦ 
wiper fringe benellls Joyre 
Guiness Ol S89 8807/0010 

•rt,- imei 

ARCHITECTS tl.M8ue . re. 

uuiir .1 vchjikj tnendls short 
hand Serretart- lo work iri a 
mi's, lun deportment Gned 
'Oeetf' I»*.’/.VI| f^UMilMl and 
snue- WP esperuHire iwejul 
Pli-ase lelepnone Ol 40 s 5787 
OutK-n Sole, Coiwulianry 

5PAM9H SEC. fnr St D,r 

wi/SO * W/P OnuniuiMiul 
.Unlines 4 conunuiwroian sMU' 

I srevp CBOOCM- resiew Call 
haulia IXC1 4<n Ol 73«, 98S7 


MARKET RESEARCH £9,000. 
Jotit this leading market re- 
search consunanry based close 
to Coirrd Garden as secretory 
M a director A fasetnattng poet- 
Iiob with excel lem prospects to 
get serv in solved in alt areas of 
Ihe business dO wpm lypmg 
abuib needed wptraMnggn- ; 
en. Please tewonone Ol 3JO 
3611/3531 iwesl Eitdl OT Ol- 
2403651 >atyi- Elizabeth Hunt 
RfcniUmeni Coasunapts. 

sec/ PA roe Market Res e arrh 
company working for Director 
Atfslsmg on mar ki n g , adser- 
using and produa strategy. 
Interest! na sorted worts, good 
tv ping/ audio Musi be mtetlt- 
pent good sense of humour. 
Intormal atmosphere. Age » 
24. Saury CIO/X) O to sun 
Call Mrs Byzantine. Norma 
Skcittp Personnel Services Ol 
222 6091 loop tel James's Park 
tubrt. 

SOLO TO AMERICA cUMN. 

A ronftdenl nature and aMinr 
to run your own show win land 
tmim America organising and 
attending the annual confer 
rnrr on behalf of tuts 
Publishing Co. ThH rare posi- 
tion Insotses you as the sole 
ronlart lor es ery aspect of tins 
versatile vet contained rote. 

Cfteasr contort Melanie R ann e B 
408 1616 MvketfOrt* Rec 
Cons 

ST JAktES *5 SWI EJcsertcaced 
Srcretors /Pft I* required to 
\,o»k tor both Managusg Direr- 
toi and Oesetoprtient Surveyor 
« an expanding Interruuonai 
property company Shorthand/ 
audio skills general admlnisira 
lion, book keeping and telex. 
Interesting and vaned work and 
■Mlliv to vuortv on own initialise 
a ramllal Salary by agree 
mem. Please telep h o n e Ol 49a 
0304 1 No A grades! 

COPT TYPIST £7-50000* 
Young, hardworking learn of 
Arctu Ierts based In WW Ken- 
sington nave a busy involving 
pavilion for a fail- accurate typ- 
tti Lovetv modern offices 
Ptease telephone 01-493 6787 
Gordon Tales Consultancy. 

SECRETARY tlSJXJO. S/H not 
essential to avusi director and 
hK mam In uwv lively Wt PXIT- 
utivr searrh ro Lots of client 
rnntari plus high typing con- 
levvi. Coll Mar y G raves iRer 
ronsv Ol 657 SOT7. 


BAG TRAVEL 




M ram 1 sscRtsv tor os hay 

nttnriartitflnUe&tgHnateMka- 

ncs.fogforaxzavllPMn a wWraL 
Vbu oR need to haw mHM tjwtg 
skfc (xcsracj ml presertam an 
vcy nnram). attmsSrzttw Mr 
and some WP mpraeact. to attorn 
to «v HBOS prcssWE cotnbmso 
trib a sane tf tamos 5 nnL 
StiafyodM ie arawd £ 700000 p a. 
UcgcHfcnt on sjt and nmut 
PHaa Hotoone Jbi Bki on 
01-251 8281 for Mm tttafc. 

BAC Travel Unnled 
114 dericemnN Road 
Loodon KIM 5SA 


COLLEOE LEAVER. Property 
company near Berkeley 
Sduore Ideally you will need 
shorthand, same an&o and ac 
curate typing to toast a young 
surveyor IMvb an exceptional 
opportunity lo»n Invaluable 
property experience. £7 000 
Bemadelle of Bond SL 01-629 
ISO* 


ARTS n30Q Excellent College 
leaver /2nd Jobber sought tor 
Uils wrti-esiablBhed Auctton 
House working in foeir Choir, 
mans o#fWT Dealing with 
people al all levels, ttus B an 
excellent training ground And 
VOU should be well presented 
with good secretarial skills 
>90/501 Age. 19+ Ptease trie 
phOPC 01493 5787 Gordon 
Vain Gmstdiancy. 

■NGMAIE to £101600 Why corn- 
mute when you can work 
Mcafly for iho very successful 
market research consultancy. 
You should be a good admMs- 
trawr. ideally a graduate or 
educated 10 ’A’ level standard 
wuh 60 wpm audio abflicy. 
Please MfPhone 01 240 5611/ 
36S1 fWrer End; or ot 240 
3581 iCKyi- EJizaixih Hunt Be- 
CTLBtmeni Ooraulrants. 

WOVE OH M PR (MM. A Hve- 
Iv. hardworking 2nd Jobber re- 
otmed lo torn ihas large, wed 
esiabiHhed PR. Comply. 
Working for 2 Exenntves. you 
win liaise with tournalipts A cli- 
ents, arrange Press Conferences 
err As well as PR e xpeti e cH*. 
good speeds 180/50) and WP 
skills are required. Age- 23+ 
Please call 01-409 1232 The 
Work Shop. 


SECRETARY 

RsoM for gnafl Ira »W 1 . 
General otta ihees deatag 
snth the pobke. good seas- 
ons Stans assenoaL Monday 


to Stomtay. 10 - 6 pm. Stovy 
fSjZDD gks caantewn. 

Tel 935 9319. 

No agandM. 


■UUmCTlflS PA to £9LSOa AS- 
ucmoonai Go. dealing in wine 
ond - boohs: A brfom-emhuilas- 
nr PA /Sec (with good sec sktuti 
10 work for a young Product 
Manager Mud have bkUame 
to follow own prn le CP as wo rk 
Involves et ion now amonnt of 
menu and Ad agency Ma tson 
Tel manner moot be good . Wove 
courses available tf tsteresud. 
For m ore drum tan KWvgSI 
7372 KfngstanC Rec Cbns. 


PUBLIC RELAT*OH>£aSOO. No 
shorthand is needed to work for 
2 exec's HvUasWl caosulauicy. 
You WID need good tyimiB. WP 
knowledge, an (SKCMeol shorn 
manner and Vie aMItty 10 dew 
wrth a wwr variety of dunes 
Age 18+ Please can Andrea gn 
Ol 629 7838 Barnett UMta- 


^ Hyde Perk/Bayrtwaler. 
working.- wuh im m a n ni ng 
m*n director of a trade group 
. WU Win need sow shorthand 
and good arrurote lypuag wtUM 
tow with cUenik and of Bees 
throughout Ihe UK. foe 
orgao&ingof directarli lunches. 
Booking hotels and generally 
saving a good PR personality 
vnaL Age 2835. CIOLOOO. a 
weeks holiday. Free BUPA. 
Bemadeue of Bond SL 01429 
1204- 




P|li|ii]ii| i | ^ a 

■SI 




aomim sec . re mk icd by Arcfti- 

lects band tti Kensington. 

WarMng for a Partner mere 4 
lau of. adiMn: organHng. ar- 
rangfog meet i ngs, preparing 
Orom ures elc. Good sec sktUs 
< 100 / 601 A ai hast 2 year work 
expertenre. A or. 23+ Please 
Irtepbope 01-493 57K7 Gordon 
Yaw* Cnn wmn cy 

te WWM mam wi. m- 

lerediBg opportunity for 
■ecma nw e olkgr ; leaver m 
sforta mwfiii foe advertfsim 
world. Me wM offer full tram 
fog hu foA secretarial past if 
you ran provide foe enthusiasm 
w? nwwroimenL Further de- 

from tWtorab Godwin 01- 

439 0804. No agencies. 

AUBW/COPV TTH 1 T uroenlty 
iruulred 10 work foe a young 
dvnwmc OTvemra. Fabulous 
° ( nrp *. *™i a chance to 
Progress. Must nave good 
meeds and WP expenenre 
rCBJOO. 439J0Q1 nSSTSA 
OIW Secmartes 

plus Tbc Secriunri 

Consultants. , 


rniOeMEL £8 500 Plus bene- 
fit* Thts leisure nnuntobai 
has interests In Wen End re*- 
laurann. travel A wines etc 
They have an opportunity fora 
young- forty Audio/ WP Secre- 
tory 10 work In this lmere*Ung 
A varied Admin Depl. Accurate 
tv Ding A proven Wp/ Computer 
Inpul slu IK essenllal Age- IB- 
23 please telephone 01-409 
1232. The Work Shop. 

Tap Uhm City fob money eon 
diboits and prospects for 
capable ambtuoua young socre- 
lorv touting Executive 
Corporate Finance Musi have 
good 90/00 and kn Of IBM 
d&oJaywnrer K> Textpar* A. 
Risk inn stimulating *svst«n 
ahead’ aimosphere Cl 0.000 
pa. paid o/t. mortgage, s.u etc 
Jovre Guniess 01-589 
8807/0010 tree ronsv 

•ERMAN MJNeilAL SEC wltn 
French No SH. gd typtog/- 
pres ep tal l on/l el ep h one 
manner Some WP Busy in- 
volved position c£9500 Ur* 
Language asms 8454743. 






t ^ 








17,500 olieied lo briqM voting 
vcrrelanes who see media as 
thnr ivjlurr With 70/50 skills 
•r allege Iravers wrtromedl can 
Hodge RrcruilmePI 629 88o3. 

ernr BANKERS need Secretorv 
•A' lev rt slandard skills 90/60. 
aw 23- Exrrltcnl prospects 
and lie nelils C9.5O0 LelHla 
Andrr-am appouvunenls 938 
i222 


hectic sales departmenL NoSH 
Dulles met translation. WP eir. 
Csnenenre essenllal rCSjOOO 
TW n lingual Sec 495 644p 
RJ. Rec Cons. 

LEGAL A UMO SECRETARY. WP 

- Wordstar lor small practice. 
SW3 well spoken and present 

« Cowuder IO 4 pro rata. 

C 10.000 PA mease phone 

LYONS! Ol 730 8064. 













WEDNESDAY 

Lx Crime de lx Crime and other 
secretarial appointments. 
P roperty : Residential. Town & 
Country. Overseas. Rentals, with 
cdiloriaL 

Antiques xad Collectables. 

THURSDAY 

Gentry! Appo i ntm en ts; 

Mans gem em and Enctuiive 
appoimmenu with ediiorial. 

La Crane de la Create and oiber 
Mcrcurul appointments. 


FRIDAY 

Molars: A complete car buyer's 
nude with ediioriaL 
Bxsinm la B i linear Business 
opponuniues. franchises etc. 
with editorial. 

Rcstaareal Cxide. (MwdUy) 


SATURDAY 

OwrMKiBd UK Hditee 
Villas/Cottages. Hotels. Flights 


THE WORLD FAMOUS PERSONAL COLUMN. INCLUDING 
RENTALS, APPEARS EVERY DAY. 


8807/0010. iruTcoasi 01 589 


Fill in die coupon and atladi it to your advertisement, wriuea on a nmie 
pwee of paper, aflotfing 28 toiero and spaces per line. ' * 

Rales arc Lma*c£ 4 i» per line (mm. 3 Inks); Boxed JDisotxv £23 m- ,i~o_ 
column centimetre: CitHirt & Sodal £6 per tint All U 15% 

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OTY REVOLUTION (FOCUS)) ^27. 


1986 




J 3117 Baik* Iip — L. 

lip the 

Tr ;*? ” • :-v i ' ^ / •.• "| “ # ' * v , ' 

Jvcnnetn Fleet analyses in a 16-page .£ 

report today’s dramatic rebirth 


City lights: The gleaming 
NatWest tower that 
dominates London's 
financial centre and extreme 
left, the Stock Exchange 
where all changes today. 
Picture by Nick Rogers 


’ if lilW 


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IjJjf bril |«am glare of the first 
atomic explosjon. observers in the 
New Mexico desen could see the 
f'*’f sor J ie nature of science and 
technology, American power, die 
inevitable defeat of Germany and 
the destruction of the Japanese 
war machine. In the autumn light 
oModay s Big Bang, the writing is 
different, in two respects. 

The explosion in the City of 
London is again technology 
driven: the global village in which 
London is a central district is built 
on computers and electronic 
communication and information, 
systems. The United States is still 
the most resourceful country on 
earth but as a financial super- 
power it has now been joined by 
West Germany and Japan. 

By virtue of economic perfor- 
mance. strict financial discipline, 
pnde, determination and a high 
propensity among their people to 
save. Germany and Japan have 
joined the United States on the 
high ground of the world’s capital 
markets. Most of the action either 1 
originates or takes place in New 
York and Tokyo, while West 
Germany frees and flexes its 
market muscles. 

The capital markets themselves 
are changing radically. Money is 
moving more rapidly and in 
unimaginable volumes; it is also 
moving in different forms. Inter- 
national bank lending to .cash 
hungry governments and corpora- 
tions is giving way to financing 
through stocks and bonds and 
instruments derived from them 
“Securitization*’ is now the name 
of the game: and in the global 
village, securities can be traded 24 
hours a day, 365 days a year. 

Britain is neither big enough nor 
strong enough to step into the 
same ring as the US, Japan and 



Political: background Page 29 
. SEAQ: Stock Exchan ge 
Automated Quotations 31 

Effect on private clients 33 

Michael Howard, 

Minister for 

Consumer Affairs 36 

Sir Kenneth Berrill, 
chairman, SIB 36 

New technology In 
dealing rooms 38 

The gilt-edged market 38 

Secondary issues 39 

Sir Martin Jacomb 39 

Conflicts of interest 40 

The Take-Over Panel's 
i new role 40 

Commission rates 41 

Effect on 

listed companies 41 

The future 42 

West Germany. But London can 
provide an important venue, for 
the three contesting heavyweights, 
for the continuous ex change be- 
tween big international lenders 
and borrowers, and for the dealers 
and investors in their securities. 

This is the international dimen- 
sion the London, Slock Exchange . 
is looking for. Despite long and 
hallowed traditions, efficiency and 


integrity, the Stock Exchange, 
uiough not London, was becom- 
ing a backwater. It prefe r red and 
protected its domestic business. 
As a club it kept outsiders out As 
a cartel it lived handsomely off 
agreed stockbrokers' minimum 
commissions and jobbers’ turns. 
While London demonstrated its 
skills by becoming the world’s 
leading foreign exchange market 
and the centre of the huge Euro 
capital market, the Stock Ex- 
change buried its head in golden 
sand, delaying the inevitable. 

In July 1983, Cedi Parkinson, 
then Secretary of State for Trade 
and Industry, and Sir Nicholas 
Goodison. chairman of the Slock 
Exchange, agreed that dub and 
cartel should go. They Hiopppar 
today, in one Big Bang. Com- 
petition is in, and so too are the big 
American banks and investment 
houses (though not yet the Japa- 
nese and Germans), British banks 
and London merchant banks. 

The Stock Exchange has be- 
come The International Stock 
Exchange. It can no longer afford 
to live off domestic business. 
Many of its leading members are 
now controlled by foreign parents. 
Bui as a market London is alive 
with new talent new drive, new, 
opportunities. And as a financial 
centre, pie City has always suc- 
ceeded in blending the ambition 
arid capital of foreigners who 
come to London conscious of its 
advantages — geography, lan - 
g ua ge . tolerance, culture, an inter- 
national outlook and relative 
cheapness - with the City's own 
considerable skills. 

At the risk of abusing the 
language, with Big Bang comes the 
chance of rebirth. 



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£191,670000 

Rights issue 


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7 









28 


THE TIMES MONDAY OCTOBER 27 1986 











Bang? 


After October 27th, as the echoes fade, the U.K. 
financial community will find itself adjusting to its 
new circumstances. 

Some firms will find the new competitive 
environment unfamiliar. Some will need to spend ' 
time putting their houses in order. Others will have 
to ease themselves into new relationships, adapt to 
new situations, and live under new labels. 

Meanwhile, corporate financial officers and 
professional investors will be asking the question: 
‘Which of the many new financial services groups 
will be the best equipped to serve our needs from 
now on?” 

Merrill Lynch, more than any other, is already 


experienced in operating in truly competitive dual 
capacity markets, internationally, under a variety 
of regulatory frameworks. We are one firm for which 
globalisation and 24-hour trading is a genuine, 
working reality. 

In London we are a leading market-maker 
in gilts, U.K. and International equities, and Euro 
securities of all sorts. We are a key force in the 
sterling and Euro commercial paper markets and 
as such a major supplier of short term finance to 
companies, banks and governments world wide. 

Our capacity to underwrite capital issues 
and platings is based on our own integrated 
securities distribution network, the world’s largest 



•a.:.-- 






E-tr-v - 


^F-i 


Our- financial strength and international 
experience are committed to our d« f . 
cross-border merge- and acquisition senTca ^ 

astaKS* 0 ""— > 

users benefit from K?SSgJ Stltutional mark€ 

accustomed to the new mikeE?- v 
At Merrill Lynch we woS h ent 
bang; because for us it’ll be business^ usuif ° f 


Merrill Ly nc 





t 


CITY REVOLUTION/2 



An umbrella to 
protect investors 




■ j : ' 
. . # 






Professor “Jim” 
Gower was 
commissioned by 

the Government 
in July 1981 to 
, . examine ihe issue 

of investor protection in the 

S? nle ? ° r several minor, 
though nasty, scandals that 
naa occurred in areas outside 
tne jurisdiction of the Stock 
Exchange. 

In particular, the collapse of 
Nonon Warburg had caused 
political heartburn as well as 
financial loss among the 

company's clients. 

. p 16 White Paper published 
in January 1 985 set itself quite 
different objectives: to pro- 
mote efficiency, competitive- 
ness and confidence among 
users of the market (including 
issuers of securities as well as 
investors) and “flexibility” 
that would guide, but not to 
restrict innovation. 

The principles by which 
these objectives were to be 
met were to: 

Allow market forces to operate 
to ensure that the financial 
services industry meets the 
needs of its customers; 
Provide a clear legal 
framework; 

Prevent fraud rather than to 
detect and punish it; 

Provide a vigorous machinery 
of enforcement; 

Encourage self-regulation 
based on the industry's self- 
interest in maintaining the 
highest standards of 
behaviour; 

Ensure equivalence of treat- 


mem between competing 
products and services. 

Events had dearly over- 
taken the original remit given 
to Professor Gower and had 
led the Government into by- 
ways that were both more 
ambitious and more complex 
man the simple task of 
improving investor protection 
in the central securities mar- 
ket and in the areas of retail 
selling of investment products 
to the public. 

The agreement in July 1983 
between Cecil Parkinson, then 
Secretary of State at the 
Department of Trade and 
Industry, and Sir Nicholas 
Goodison, chair man of the 
Slock Exchange, ensured 
breakdown of the exisiting 
market mechanism of checks 
and balances. New market 
instruments such as options 
and futures and the growth of 
international competition 
were helping to change .the 
face of the City. 

The problem feeing the 
Government was to devise new 
ways of controlling and 
supervising the new and exist- 


ing markets for the protection 
of the investing public. 

The basic machinery set out 
in the White Paper for achiev- 
ing this task would be exten- 
sive supervisory and 
regulatory powers in the hands 
of the Secretary of State, 
which he would then delegate 
to one or more private sector 
bodies. These in turn could 
delegate to self-regulatory 
organizations {SROs), staffed 
and financed from within the 


Threat from the left 


When the Financial Services 
Bill becomes law, the Sec- 
retary of State will ask the 
Office of Fair Trading to vet 
the SIB's rule book. He will 
■ then ask Parliament to ap- 
prove an order delegating his 
powers under the Act to the 
SIB. 

This will involve Par- 
liament reviewing the SIB's 
regnlations-Only when this 
approval has been granted 
can the SIB proceed to 
recognize the SROs and 
other subordinate authorities 
which wQI operate under its 
jurisdiction. 

The next stage will be the 
enrolment and authorizations 
of the individual investment 
businesses. There will be 
bridging provisions to allow 
existing businesses to .con- 
tinue pending completion of 
this process and the new 


regime is unlikely to come 
into full effect before the late 
simmer of 1987. 

Lest anyone should think 
that will be the end of the 
matter, Brian Gould, the 
chief Opposition spokesman, 
gave a warning at the end of 
die Commons debates that a 
Labour government would 
legislate for three major 


1. The SIB to be re-estab- 
lished as a statutory body. 

2. The SIB to be given 
authority over the Take-over 
PaneL 

3. The Act to be amended to 
bring Lloyd's within the 
supervisory framework. 

Mr Gonld riahwed that 
there is substantial City sup- 
port for these changes. The 
Government, by resisting 
them throughout, had missed 
a golden opportunity. 


I various sectors of the 
industry. 

A constant thread r unning 
i through the whole discussion 
1 was the dogged determination 
of the Department of Trade 
: and Industry itself to avoid 
direct responsibility for the 
' management and policing of 
the securities industry. 

In view of the revealed 
i nad equ ac ies of the depart- 
ment when it had direct 
jurisdiction under the pre- 
> vious legislation, this was 
neither surprising nor 
: unwelcome. 

The Financial Services Bill 
was finally laid before Par- 
liament in December 1985. 
The broad framework of the 
provisions was the same as 
indicated in the White Paper. 

But by an oddity of the 
drafting process, the key pro- 
vision establishing the Securi- 
ties and Investments Board as 
the “designated agency” to 
whom the Secretary of State 
would delegate his powers was 
not mentioned until Clause 98 
of a lengthy text. 

Even then the wording was 
curiously ambivalent leaving 
the hypothetical possibility of 
one or more such bodies. 

The earlier clauses were 
‘ those debated at the Commit- 
tee stage of the Bill in an air of 
unreality: until Clause 98 was 
reached no one could be sure 
whether the STB would ac- 
tually be there to exercise the 
functions being discussed. 

The sweeping definitions of 
“investments” and “invest- 
ment businesses" incor- 
porated in the Bill included all 
the activities of the securities 
market and the instruments in 
which the market trades. 
Whatever might be the pos- 
ition of certain peripheral or 
derivative investment prod- 
ucts, the Stock Exchange's 
activities fell firmly within the 
scope of the legislation. 

Those international securi- 
ties houses who had hoped 
that the market in inter- 
national debt securities might 
be excluded on the grounds 
that their clientele was largely 
other professional traders 
were disappointed. 

Any business in any securi- 
ties conducted from London, 
no matter where the securities 
originate or where they are 
sold, fells within the scope of 
the legislation. 

The basic thrust of the Bill is 
that no person, company or 
business can deal in invest- ; 
merits in or from the UK 
unless duly authorized as a fit 1 
and proper person. Such 
authorization can be obtained 



Lever’s last stand 




■ . ' ■■■ *. % t • ■•■j*-- 




W 

■ * • 


On the trading floor: a bright face for the new market 


either direct from the SIB or 
by virtue of membership of 
one or other of the SROs 
approved by the SIB. 

To trade without authoriza- 
tion win be a criminal offence 
and will lay the miscreant 
open to the risk that his 
counterpart can repudiate the 
deal and claim restitution. 

Every authorized person 
and business will have to 
observe the rales of conduct 

A reversal of the 
new freedom 

laid down by the SIB or by the 
appropriate SRO to which he 
owes his authorization. 

The general content of these 
rules and the ground they 
must cover is laid down in the 
legislation. 

The SIB let it be known that 
the model rules of conduct it 
would devise would be a strict 
formulation of the principles 
of the laws of agency. Ba- 
sically , all clients who are not 
demonstrably professionals 
must be entitled to the highest 
standards of fiduciary protec- 
tion and full disclosure of all 
circumstances of any particu- 
lar transaction. 

Such regulations, if en- 


forced to the letter, will se- 
verely hamper the new 
investment conglomerates re- 
cently formed wi thin the 
Stock Exchange and go a long 
way towards reversing the new 
freedom of operating in the 
dual capacity of agent and 
principal. 

Another feature of the leg- 
islation is that the SIB is 
granted no jurisdiction what- 
soever over the important 
field of setting and administer- 
ing standards of listing and 
disclosure by limited com- 
panies. This is to remain the 
duty and prerogative of the 
Stock Exchange. 

The SIB, as proposed, dif- 
fers in this respect from the 
American Securities and Ex- 
change Commission. In other 
respects its remit is much 
wider, enhancing the fell 
gamut of investment activ- 
ities, not just dealing in 
securities. 

Apart from lengthy debates 
on the precise status of the 
SIB, the main points of 
contention in the Par- 


liamentary debate were the 
exclusion of Lloyd's (the 
insurance market) from the 
Bill and the rules governing 
the sale of life assurance and 
unit trusts direct to the public. 
Neither of these is of material 
concern to the centra) securi- 
ties market which today cele- 
brates its rebirth in the Big 
Bang. 

A legislative issue that does 
concern the stock market and 
which excited some con- 
troversy in debate was the 
question of immunity from 
suit for the various bodies 
charged with supervising the 
markeL 

This sprang from an amend- 
ment successfully pressed to 
give the SIB power to direct 
changes to SRO rules if it 
found this necessary. 

The spectre was raised 
particularly by the Inter- 
national Securities Regulatory 
Organization (ISRO), the 
body claiming to represent 
and regulate the international 
houses operating in London, 
that no persons of substance 


The debates on the Financial 
Services Bill in Parliament 
have been lengthy and tortu- 
ous. They have, however, been 
conducted within a framework 
of a general all-party consen- 
sus that legislation to control 
the financial services industry 
is needed. 

The differences have been 
over matters of form and 
detail, many of which have 
been important, hot more of 
which strike at the root of the 
legislation. 

The spirit of Professor 
Gower, wreathed in pipe 
smoke, presided benevolently 
over the whole debate. Only 
one legislator. Lord Lever, has 
dared to question that such a 
Bill was necessary at alL In a 
typically robust intervention in 
the Loros he ponied scorn on 
the popular misconception 
that the ban long community in 
London is infested with dan- 
gerous criminals. 

Lord Lever committed the 
ultimate heresy of poking ftm 
at Professor Gower “Every 
page of his report is lnminons 
with his legal skill, immense 
erudition and good intentions, 
but the road to a large and 
ineffective bureaucracy is al- 
ways paved with perfectionist 
good Intentions.” 

No other speaker, in the 
Lords or Commons, conid be 
found to support Lord Lever. 
Instead they concentrated on 
trying to improve and 

would be willing to serve on 
its rating committee unless 
they could be assured that 
they would be protected from 
litigation from those they were 
supposed to control. 

Opposition members in the 
Commons took up this point 
with enthusiasm and painted a 
lurid picture of wealthy, 
powerful institutions ganging 
up to paralyse their super- 
visors by threat of legal suits' 

A late change by 
the Government 

for defamation, maladmin- 
istration and other causes. 

The ISRO. whose field of 
supervision covers the major 
international houses, was 
particularly sensitive as many 
of its prospective members 
will be the branch offices of 
US bouses, accustomed at 
home to reaching for their 
lawyers on the slightest 
pretext 

In the Lords it was even 


strengthen the legislation. 

The most notable contribu- 
tions to the lengthy debate 
came from Brian Gould, the 
chief Opposition spokesman 
In the Commons, and from , 
Lord Hacking, a cross-bends 1 
peer who had evidently en- : 
joyed care Ini briefing by the 
Law Society. 

Another notable contribu- 
tion came from Antony Nel- 
son, who successfully staged 
an ambush from the govern- 
ment back-benches during the 
Commons Committee stage by 
Insisting on an amendment to 
Clause 99 (as it then was) 
naming the SIB as the body to 
which the Secretary of State’s 
powers most be delegated. 

This would have bad the 
effect of giving the SIB statu- 
tory recognition, if not the frill 
status of a statutory body as 
the Opposition parties were 
demanding. 

Ministers at Report stage 
succeeded in slightly modify- 
ing this amendment to the 
effect that if the Secretary of 
State is to delegate at aU. then 
initially it can be only to the 

s, t re is also the possibility j 
that s bo old the SIB foil to 
produce evidence that it is 
capable of ex erasing its func- 
tion, the Secretary of Stale or 
Parliament may refuse to 
make a delegation order at all. 
This would leave the baby 
firmly abandoned on the door- 
step of the PT1. 

suggested that the sharehold- 
ers of an American invest- 
ment bank which suffered loss 
as a direct or indirect con- 
sequence of administrative or 
disciplinary action taken by 
British supervisors could sue 
their directors if they in turn 
had failed to take legal action 
to protect the company. 

During the Commons 
Committee stage the Minister. 
Michael Howard, resisted the 
extension of immunity to 
SROs on the general ground 
that such protection should 
not be lightly granted, h was. 
therefore, something of a sur- 
prise when, at Report stage, 
the Government reversed its 
position and introduced an 
amendment granting SROs 
immunity from legal suit not 
only on ihe part of their own 
members but on that of inves- 
tors or customers as well. 

This concession went well 
beyond the Opposition's de- 
mands and seemed to be a 
surrender to City interest. 

John Hollis 



MSG SECOND GENERAL 

30" BIRTHDAY 


Over the last thirty years you probably could not 
have held a unit trust with a better performance than 
M&G SECOND GENERAL 

£1,000 invested at its launch in June 1956 would 
now be worth £67,208 with aU income reinvested, 
compared with £8,104 from a similar investment in a 
building society. To have mamtamed its purchasing 
power over the period, £1,000 would need to have 
grown to £8,748. 

The British Stockmarket has been strong for a 
number of years, which is why many investors are 
now looking at overseas markets for new investment 
opportunities. But concentration in one particular 
area can produce very volatile investment results, 
and this year's high ffiercan often be next year’s poor 
performer. You should be wary of short-term per- 
formance claims, such as the “Over 50% growth in 
just five months” quoted recently for a European 
unit trust 

M&G has two International Funds which solve the 
problem by spreading your investment effectively among 
the major stockmarkets of the world. 

The M&G international Income Fund aims to 
provide a high income; and one that can be expected to 
increase over the years, from an international portfolio of 
equities. 

The M&G International Growth Fund aimsfor all-out 
capital growth by investing in the major stockmarkets of 
the world. 

If you remain optimistic about the British Stockmarket 
and want a balanced portfolio, look at M&G SECOND 
GENERAL which aims for consistent growth of income 
and capital from a wide spread of shares mainly in British 
companies. 

WRIHERINfORMAnONCh 22nd October 1986 offered ■■■■■ 
pncES2TOes«BEUied5tssa*rBntyieldswere 

IlCQfiie Accumulation Yield 
International Income 63-7pxd 66-9p 5-47% | an 

International Growth 801 6p J290 fp 1-64% | 

SECOND GENERAL 752 9p 1486-2P 3-80% ■ i***”™* 
Prices and yields appear cfadv m fte .Finance! The I To.M&GSECUF 
difference between me pr^tatwhtrtyou huy urntel | Please invest th 
andlhe1>rfpnre{at»*w*yras^isnomdfy6% Anwrta eachFkind:O.C 
charge ot 5*o 6 mdudedjn the offered P"®. I unite wfl be issue 

chargeduptol*ideachFurid^yali*e-^ff^A“ fl fc^ I 

International income; winch s Ifr) - plus TOT s deduri aJ from « 
gross income, hwwne for Aectnrudation urats ^reinvested to I donotsendan 
increase thes value and lor Income units is distributed net of I andtheseUtenier 
basic-rate twontte Wowing dales: ■ follow shortly. 

International International I 

income Growth SECOND B 


Mar 

Sep 

War 


SECOND GENERAL PERFORMANCE TABLE. 

Valued fiflOOimessaJorSOOune 1956. 


Date 

M&G 

SECOND 

F.T.Ortfinary 

Index 

Bidding 

Society 

5 June ’56 

£1,000 

£1000 

£1,000 

31 Dec ’66 

£2396 

£2,472 

£1,699 

31 Dec 76 

£7312 

£3359 . 

£3,437 

5 June ’86 

£67,208 

£21,042 

£8,104. 


NOTES • Afl figures include reinvested mewne net of basic-rate tax 
The Burning Society figures are based on an extra >meiea account oHenng 
11?% above the averse yeariy raae tsouree: BuWtngSooeoes 
Assocatco). M&G SECOND GENERAL figures are reateabon values. 

To celebrate M&G SECOND'S thirty-year performance 


The price of units and the income from them may 
go down as wettas up.This means thatunittrusts are a 
long-term investment and not suitable for money you 
may need at short notice. 

INTERNATIONAL PERFORMANCE TABLE, value on l^Oaober 138601 
£LDOQimiesMdauhelaunt»dM&G^twoInTemaDona>Fuwds. 

Launch MAO Building 

Date Unit Trust Society 


International 

Income 

International 

Growth 


May '85 


£1^44 £1,132 


Growth Dec '67 £12300 £4,696 

NOTES: AB figures include reinvested name rid of baslc^ate tax. 

The BuWngSoaety f©jrasare based on an extra rterest account offering 
U3% above the average yearty rate (Source: Butting Socrates 
Assocation). M&G figures are reaction values. 


I Ail appfications for £1,000 or more received by 31st October, 1986 wffl be given an extra 

1% allocation of units, increasing to 2% for appEcatnms of £10.000 or more per Fund. 

I To: M&G SECURITIES LIMITED, THREE QUAYS, TOWER HILL, LONDON EC3R 6BQ 
Please invest ftesum(s)wdicatedbetowmfteFund{sJol my chose (minfeni investment in 

( each FUmf: £1.000) in ACCUMULATION/INCOME units (delete asapphcableor Accumulation 
units vnfl be tssuedfbr International Growth and SECOND and Income units wifl be issued for 

I International income) at the twice rufcng on receipt of this appication. 

do notsend any money. Aconbact note wd be sent to you stating eoctiy how muct) you owe 

and tftesefflement date. Ybur certificate wfl 

■ Wtowshorty. - I 


You can bujr or sell units on any business day. Contracts tor 
purchase or sale will be due for settfement two to three weefcs 
latet Remuneration s payable to accredited agents: ratesare 
available on refiuest The Trustee tor international Growth is 
Barclays Barth Trust Co. Limited and for International Income 
and SECOND GENERAL is Lloyds Bank Pfc The Funds are aU 
wider rarraimtestmentsOTdareauftonsedtytheSecretaryof 
State (or Trade and Industry. 

MAG Securities Lfcrtfced, Three Quays, Twwr Iffl. 

London EC3R88Q. Tel: 0I-6» 4588. 

Member of the Unit Trust Association. 




jmmm 


Sdwodere have over 60 years’ successhi 
experience of investment management 
Aractthaft attracted a»er£nfiOQ million 
worth of funds to us. 

*hi can take advantage of this unique 
blend of experience, expertise and 
flextoSfty by contacting David Duncan on 
01-382 6963 now 


Management 


Schroder kwesenentMene«mert United 
36 Old Jewty imrai EC2R8BS 


Wt ^ *'f» TMtttr. Wtesr-. ? 


THE M&G GROUP 







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AUK. HOUSE WHO 

OFFERS 

THE SECURITY OF 

$2.5 BILLION 
IN CAPITAL AND THE 

ATTENTION 
OF 1250 EMPLOYEES. 



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■■-.•■on* 

- «» 

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With $25 billion in capital, we are the second largest 
investment bank on Wall Street. We are also one of the 
most profitable. 

Our 1250 employees in London will be housed in 
Broadgate, one of the largest and most sophisticated 
office complexes in Europe. 

We are investing nearly £16 million in computer 
technology. We are developing one of the world's most 
sophisticated trading systems in partnership with the 
London Stock Exchange and IBM. 

As the only U.S. broker to buy a U.K. broker, 

L. Messel & Co., for Big Bang, we 
will offer our combined clients 
these professional services. 

In Gilts, Messel Gilts 
Limited, our primary dealer, of- 
fers continuity. They will build 
on the same sales and research 
teams as pre-Big Bang. They fur- 
ther offer consistency in prices 
from a team of traders who draw 
on Shearson Lehman's Govern- 
ment trading experience. They 
will be working with the confi- 
dence of a back office that will 
be equipped with systems 

technology to handle major increases in volume while 
preserving our full range of agency services. 

In U.K. equities, L. Messel & Co., with a team of 
21 market makers, will trade 350 issues. They will be 

1 -# t ■■ -* J* 4 a _ » 


trading operation in the world. 

Our U.K. research includes regular publications on 
macroeconomics and portfolio strategy. Our 38 analysts 
cover 85% by capitalisation of the U.K. equity market. 

We have 32 salesmen to ensure that our trading and re- 
search strengths are effectively communicated to our clients; 

In the U.K. money markets, our activity in sterling 
r m 





grammes, the benchmark issue in that market. VVfe have 
also been appointed dedicated dealer of over £2 billion 

CD programmes. 

In commodities and futures, 
Shearson Lehman's long- 
established position in world 

commodity markets has been 

strengthened by our leading 
presence on the London Metals 
Exchange, LIFFE and Gold 
Bullion market. 

No commitment to the UK. - 
would be complete without 
offering our clients a full service 
in corporate finance. We have ; 

I ....... , | I | attracted some of the City's : 

bri 8 htest merchant bankers. j 
Together with Messel s corporate finance team, thev are i 
now providing U.K. companies with advice on M&A ' l 
leveraged buy-outs and capital raising. ' j 

This is Shearson Lehman in the U.K. We invite voti '• 

if nc fn flro tacf j 5 


backed by the strength of the largest OTC equity to put us to the test. 

Afessrf Gilts Limited: Philip Howard (626 2525) L. Messel & Co. (ILK. Equities): Made Cannon-Bmokes (3770123) 

ILK. Money Markets: Stuart Oenaguan (626 2525) 

Commodities: Craig Black (283 8711) ILK Corporate Finance: William B. Harrison (626 2525) 


■ S 
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0 1966 Shcasttn Lehman Brothers Inc. 
















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((FOCUS) 


CITY REV OLUTION/3 


The technology that had to come 

P fimnn+ Q « . '11 .... ... M»fc Fewer 


Computers will 

keep the Lonrin n 
market more 



competitive 
in the world 
than ever before 

When the Slock 
'Exchange boffins 
considered what 
form share trad- 
ing would take 
«. after Big Bang 

r)®* ^ cre st 3V ck by a simple 
out far-reaching thought. “It 
was the realization that the 
only markets with trading 
floors are those which were 
founded before the invention 
of the telepho ne. 1 * said George 
Hayter. divisional director of 
the exchange's information 
services. 

The posi-Big Bang Stock 
Exchange has been bom in the 
age of the desk-top computer 
and mter-active communica- 
tions systems that allow trad- 
■ing between any two dealers 
connected by a communica- 
tion line, wherever they are. 

The new trading system 
being launched on Big Bang 
day. SEAQ — Stock Exchange 
Automated Quotations — 
takes full advantage of the 
technology on offer. 

Although the trading floor 
will continue after October 27. 
there will in theory be no need 
for broker/dealers and market 
makers (the two main cate- 
gories of players after Big 

NASDAQ system 
was ruled out 



Jobber on-line: there may be no need now to visit the Stock Exchange 

with a system that would keep 
the London market compet- 
itive in a world where technol- 
ogy has shrunk geographical 
distance and markets in dif- 
ferent time zones compete. 


Bang) to visit the Stock Ex- 
change building. 

All they will need is SEAQ. 
to provide information on bid 
and offer prices and trades, 
and a telephone to call another 
trader to exeeme the deal. In 
time, dealers will be able to 
use SEAQ to execute some of 
their trades. 

But despite its capabilities, 
SEAQ has been developed in 
response to the needs of die 
new model Stock Exchange 
rather than vice versa. 

In other words, technology 
has followed and been shaped 
by the form of the market, the 
reverse of the foreign ex- 
change markets, whose nature 
has been changed dramati- 
cally by the development of ties 
modern price Sisplay and ^ 
communication systems. 

The task that faced the 
Stock Exchange in 1983, after 
the agreement with the Gov- 
ernment to scrap fixed 
commissions, was to come up 


British broking firms were 
increasingly trading foreign 
shares with each other over 
the telephone, while overseas 
a ‘number of blue chip British 
stocks were changing hands 
between foreign brokers, often 
with dealing costs lower than 
those charged in London. 

Broadly speaking there were 
four choices: a continuation of 
the separate broking and job- 
bing system: the “specialist” 
system used on the New York 
Stock Exchange: an order- 
driven bargain-matching sys- 
tem of the type used on the 
Toronto Stock Exchange; and 
the one that was eventually 
chosen. This is a screen-based 
competing market-making 
system in the . style of 
NASDAQ — America's Na- 
tional Association of Securi- 
Dealers Automatic 


system, sent by the Strategic 
Planning Group to the Coun- 
cil of the Slock Exchange in 
July 1984. as foltows: 

• “It is a quote driven system 
and as such is the nearest of 


Quotation system — used in 
the screen-only Over The 
Counter market. 

The advantages of the 
competing market maker 
choice were summed up in a 
report on the new dealing 


the various alternatives sug- 
gested to the present jobbing 
system. 

• “It recognizes and embraces 
the efficiency that computer 
technology can bring to a 
dealing environment 

• “It has the advantage of 
placing all members on an 
equal basis irrespective of 
geographical- location and 
would thus extend the 
commercial opportunities of 
firms throughout, the country. 

• “It would accommodate 
without difficulty many more 
members (including those 
who wished tor be located in 
different time zones) and 
would enable the Stock Ex- 
change to expand and Britain 
to capitalize on its time zone 
advantage. It lends itself 
readily to the concept of a 24- 
hour international market. 

Once the system was de- 
cided. the buck was passed to 
Mick Newman, head of 
information and trading sys- 
tems at the Stock Exchange, to 
come up with the technical 
wherewithal to let it operate. 


The task was daunting — to 
develop, in just over two 
years, a sophisticated, but low 
risk, trading system, that could 
cope with the expanding vol- 
umes of one of the world’s 
busiest stock markets. Slip- 
page time for contingencies 
was just two weeks. 

As Mr Newman drew the 
first sketches of how SEAQ 
might be constructed, the 
most obvious option was im- 
mediately ruled out — the 
direct importation of the 
NASDAQ system. 

“We worked very closely 
with NASDAQ in the early 
stages and they were ex- 
tremely helpful. But they 
didn't have the resources to 
export their technology or 
send a technical team over 
here."’ he said. 

In any case, a NASDAQ 
system would have had to be 
customized for the Slock Ex- 
change because shares here 
trade in a variety of currencies 
— sterling, Irish punts and 
dollars among them — while 
NASD business is conducted 
solely in dollars. 

Mr Newman did have 
head start in other areas, 
principally the existence of the 
TOPIC colour price display 
and information system which 



There is a better way 


October 27th 1986. Anhistoric 

day that will affect everyone involved 

in Financial Services. 

From October 27th. the characteristics. ■ 
investment ..the sourcing ol finance, and 
the availability of fending in commercial , . 
property will all be subject to chaise. 

In order to take full advantage of these 
changes; you need professional and inde- 
pendent guidance across the full spectrum 
of commercial property' investment 
At Chesterton Latonde. we are well 
prepared for these increased opportunities. 

Frir some time we have been develop- 
ing an in-house department, specialising 
in the intricacies of commercial property 
investment finance and funding. 

Cm-iULmini. .\1avuu. MarWcArCh Liulc\cii*tt Raiding. Brisiol. Taunton Eina Plimouih. CUspcm VSA. Smgapuu 


Which, in combination with oyer-100 
years' experience in the property market, 
our extensive network of offices and our 
comprehensive range of services, gives us 
the ability to provide you with a balanced, 
objective overview. 

If you would like more information on 
our services, call us on; 01 499 0404 (Head 
Office!, or 01 248 5022 'Gty Office). 

And let us show you a better way. 


CHESTERTON 


LALONDE 


• IV\-S^ML?'T»rI'Sn*j:*!P£:;TmCA'nON»MAiggTI?yG « 
*.VCJL-|STIXV.-»^WO«mS6lUn>D£aCS»^TTIXG« 

- rsoiOTT • rtaar Dammit-vr • 


distributed prices -and com- 
pany news around the City 
and across Britain through 
Videotex terminals. Apart 
from Topic. SEAQ has also 
dovetailed with Epic, the 
Exchange's existing price gen- 
erating system, and uses the 
same type of DEC VAX 
computers. 

As §EAQ started 10 take 
shape. Mr. Newman and his 
team found themselves 
becoming victims of their own 
success. “We set out a detailed 
plan for a simple low-risk 
SEAQ system to cany 100 or 
200 leading equities. After the 
initial design review we be- 
came more confident and with 
larger computers we commit- 
ted ourselves to covering up to 
3.500 securities." said Mr 
Hayter. 

Other demands started to 
crop up. As new rules on 
Investor protection came 
under public discussion, there 
was also a need to ensure that 
the trades executed in SEAQ 
shares were recorded and dis- 
played quickly and visibly. 

And as the leading Stock 
Exchange members married, 
merged and grouped for Big 
Bang, it became obvious that 
an increasing number ^Head- 
ing market makers were aban- 
doning the trading floor, 
partly or completely, and 
heading for the dealing room 
where they would make 
greater demands on SEAQ. 

The scale of the system that 
Mr Newman and his team 
have come up with (see box 
for description of how it will 
work) in two years is breath- 
taking. SEAQ's development 

Greater demands 
on SEAQ 

has cost about £18 million, a 
figure that includes £1 1 mil- 
lion for new technical head- 
quarters- 

It will serve, in full colour, 
almost 10.000 screens — of 
which 95 per cent will be 
tuned in at peak times — with 
a range of price information 
on almost 3.500 securities. 

But if Mr Newman, a model 
of modesty,, is inclined to 
boast it is not about SEAQ's 
attributes, but rather that the - 
system has been developed on 
time, within budget and can 
do rather more than was 
envisaged on the drawing 
board. All it needs now is to 
prove itself in action. 

Richard Lander 



1} Name of company. 

2) Previous nights dosing 
price. 

3) Abbreviated names of three 
market-making firms offering 
highest bid prices. 

4) Abbreviated names of three 
market-making firms offering 
lowest offer prices. 

5) Abbreviated names of mar- 
ket-makers registered in this 


stock with their bid and offer 
prices and maximum dealing 
sizes at those prices. For 
example, Lang & Cruickshank 
(LANG) is prepared to buy 

3.000 shares at 632p and sell 

2.000 at 634p. Wood Macken- 
zie (WMAC) will trade 1,000 
shares, offering to buy at 630p 
and willing to sell at 635p. 

6) Five last trades recorded. 


irgel 

100.000 shares). 

7) "A" indicates there has been 
an announcement concerning 
ICI in the current day. “X 
shows the stock has gone ex- 
dividend. 

8) ICI is the Stock Exchange 
abbreviation for the name of 
the company. 

9) Volume of shares traded in 
current day. 


Quick guide to new system 


From today. SEAQ — the Stock Exchange 
Automated Quotations system — takes to the 
air as the electronic market-place of the 
London stock market. 

The Stock Exchange's 64 market-makers 
will provide information on the stocks they 
have registered in, which will tell other 
market-makers, broker/dealers and investors 
how many shares they are prepared to bid for 
and offer, and at what price. 

The amount of information input and 
displayed on SEAQ screens will vary accord- 
ing to the three types of share. Stocks have 
been classified into alpha, beta and gamma 
stocks according to the number of market- 
makers registered in each share. 

On average, alpha stocks have 16 market- 
makers, beta stocks have nine and g»n»ma 
stocks three. 

Business done in the 62 most actively traded 
equities — alpha stocks — will have to be 
reported immediately to SEAQ by market- 
makers, allowing the screen to show the last 
five trades and the day's naming volume. A 
highlighted strip on the screen shows which 
three firms are making the keenest bid and 
offer prices. 

The service for the 517 beta stocks will 
display similar, information. Trades in these 
shares will not be published immediately, so 
the volume figure and last trades are absent. 

The bid/offer prices and volumes keyed in 
by the market-makers for alpha and beta 
stocks both have to be firm — in other words, a 
broker, or large investor, can call the market- 


maker and demand to deal up to the volume 
stated at the price on the screen. Prices for 
larger blocks are subject to negotiation. 

The rules for gamma stocks — of which there 
are 3,000 .— are less stringent Although 
market-makers will still have to quote continu- 
ous prices, these may be indicative rather than 
firm. 

This full service — known as the “Level 2 
Competing Quotation Service” — is intended 
for broker/dealers and large institutional 
investors who have sufficient standing to 
contact market-makers direct. 

A simpler Level 1 service, aimed at other 
investors, provides a single best bid and ask 
quote for alpha and beta stocks, along with last 
trade and volume information for the alphas. 

SEAQ also provides a “ticker” system for 
alpha stocks which displays each individual 
deal reported by market-makers as it happens. 
The electronic ticker, for example, would be 
able to show a SEAQ recipient that a block of 
500.000 ICI shares woe traded at 11.20am at 
UOOpasbare. 

SEAQ does not incorporate a dealing 
system, hot the Stock Exchange plans next 
year to introduce SAEF — the SEAQ 
Automated Execution Facility. This will allow 
firms to enter small buy and sell orders for 
small blocks of shares which will then be 
matched and executed automatically at the 
best available price. It may eventually be 
extended to larger transactions. 

Richard Lander 


Invest In A French Masterpiece 



The New EBC Amro French Growth Trust 


There's been a (a of good news recently about investment opportunities in 

France. 

Vs not hard to see why. The Parts Stud, Exdvmjj? Index has risen by over 
150% iwetriued tor -Jedingl in the last twelve months. and there ate very good 
reasons why n should goon thing. 

Economic growth b anticipated jt a rear. but. more importantly, cor- 
pocateprpfte are expected lopowai this year and nexi. 

And the new government under Jacques Chine is committed to wider share 
ownership through a progEsncnool privatisation saiular » the one in the UK that has 
had such a dramatic edea upon ihv London stock market, 
to the lime rs right » invest in fiance. 

The best wayto invest 

In the past* hasn't been easclor the UK pmale investor to taw how to invest 
exdusivpfy in (he French slock market. 

But non there’s the EBC Amro Flench Growth Trust 
EBC Amro has considerable experience 01 the French market ihnugfa dy 
Eiropean inwiremerts. 

Even so. wedd what any sensible mvetor would do. we (a&ed to the f rcnch 
investment experts at the higrfy respected Banque fVivce de Gt-Jion Financwre 
(BFGFj in Pans, 

investment Connoisseurs 

Then we were one better - we appointed BPGF investment managers to the 
Trust because they have such j remarkable recent) tor managing investment. 

For example, their own in-house hind, invested rM.lusu.-clv to French 
securities, has risen by owi 2b0* smee December 1979 mot weighted for sterling] 
In all, they are responsible (or over £460 million m om 2U m-houre nmds ol various 
kinds; thw ate extremely active in the bond (hattas. m finance tor French industry 
and to the privatisation programme. 


■ We belicwitartirMlepth expertise will enaHethe EBC Amro French Growth 
Trust to achieve above average capital growth from a potimlio ol French retimes. 

Fixed Price Offer 

Units will beodered at a 1% drstouni on a hxed price of SOp per unn until 
3rd November. 198b. 

Howto Inv^t 

Complete the application farm and send il. together with sour cheque 
made parable lo EBC Amro Uni* Trust Management Limited. c*> Manchester Um Trust 
AdmnusuaiionCompanv Limited. FREEPOST. ManehesiecM2 (JBLfno stamp required). 

If you dan 'l have £500 tmmedraioiv available, send lor details ol EBC 
Amro"!, Monthly Savings Plan by tiding the appropriate be* m the coupon. 

Il you already hare shares vou would like to exchange tor units m this Trust, 
pfeaselkk the appropriate box in the coupon betovu 

Itemember that the price at unas and the income own them can go down 
as well as up. 

CaiOAl INFORMATION 

Contuci nows will usually be rent by return of posl. You will roccnv a Uni 
Certificate withm six weeks ot receipt ol vow cheque. 

An initial chase 015% rs included m the pneo of Are tin*. and an annual 
charge ol 1.25% 1+ VAT) ca [he value of I he fond is deducted non its? 'nod's income. 
Wets are qirafed dflih- in The Fiiunaa! Times. 

Estimated gross currem vwid is 1.S"» at the launch pnu? ol 50p per unn. 
Managers repots on the tund will be issued bv 1st November each year. Inronv 
will alWi be distributed annually nel ot basic rate tax by 1st November. TnMer: 
MriUnd Bard, Trial Company titrated iNol open Id nsidenis in the Republic ot 
Ireland ) A member ot the Urjii Ton! Association. Remuneration b payable to qua I tiled 
informed Line, and rhe tales are available on request. 


MrMn/MtssOthec. 


-Sutna 


EBC AMRO FRENCH GROWTH TRUST 

Application Form 

To- EBC Aim Uim Trust Management Inured ca Manchester Itad Trust 
Mmmeinmn Company Limited. FREEPOST. Manchester M2 SSL 
tNojUmnequaedi 

Wpw«hioinres( £ m untsmihclBC NmFimhCtmsh Tiwa al the price 

caKrt emnonum «ncstnwfl i300i. Fixed prut otter less 


FirdNemetM. 


ntimg on lecdpi ol Dus aopticj 

1% decouni apotos until ltd Novemtter I486 I ^rsWemover IH. 
Hear ikL retevam box i vou tequse the toOowmg. 

Automatic reinv c s U nen t ol (totnbutarts. 

Further namaMn about the EBC Amto French Growth TruL 
Derails dl toe EBC Amro Monthly Suvu^s Plan. 

Dwarfs & tire EBC Aireo Share Exchange Scheme. 


Address. 


EBC 

AMRO. 


Vumre. 

riomi apsJicanMTOjsiMjjnarxi Jliach romrund Jddrvw^scpjfjreh.l T27*10 





■K) , 
if 







THF. TTMES MONDAY OCTOBER 27 1986 





TSB Group pic 


Guinness PLC 


Vickers P.L.C. 


Lazard Brothers & Co., Limited 
offered for sale 
on behalf of the 

Trustee Savings Banks Central Board, 
approx 1.5 billion ordinary shares 
at lOOp per share. 


Lazard Brothers & Co., Limited 
acted as advisers in relation to 
the new board structure. 


Lazard Brothers & Co., Limited 

hasplaced 8,759,030 new ordinary 
stock units ofVickers in 
connection with the proposed 
acquisition by Vickers of 
Healthdyne Hospital Products, Inc. 



Lazard Brothers & Co.; limited 


London 


Lazard Brothers Sc Co~ limited 


London 


Lazard Brothers & Co., Limited 


London 


Burroughs Corporation 
has acquired 
Sperry Corporation 


The undersigned acted as 
financial advisers to 
Burroughs Corporation 
in this transaction. 



Siebeplc 

has agreed to acquire 

Robertshaw Controls Company 


Lazard Freres & Co. 
initiated this transaction, acted 
as financial advisers to Siebe and 
dealer manager for the tender 
offer in the United States. 
Lazard Brothers jointly underwrote 
31,220,913 new Siebe shares 
in London to finance 
the acquisition. 


General Instrument Corporation 

has acquired the 

Cable/Home Communication 
Corp. 

a subsidiary of 

M/A-COM, Inc. 


The undersigned acted as 
financial advisers to 
General Instrument Corporation 
in this transaction. 


Lazard Freres & Co. 


New 'fork 


Lazard Fc£res & Co. 

Lazard Brothers & Co., Ltd. 


New fork 
London 


Lazard Ferns & Co. 


Newfork 


Manufacture Francaise 
Des Pneumatiques Michelin 


BSN 

has acquired a controlling interest in 

Generate Biscuit 


Cap Gemini Sogeti 


EFR 750,000,000 
814% Bonds due 1998 
Lead Managed by 
Lazard Freres et Cie. 


Lazard Freres et Cie 
acted as 

financial advisers to 
BSN, 


Lazard Freres et Cie 
acted as lead manager to 
the issue ofFFR587,250,000 Bonds 
with Equity Warrants 
5V2% Bonds 1986-1994 
Warrants exercisable at 
FF2,000 1987-1991. 


LazazdFc&es et Cie 


Paris 


Lazard Freres etGie 


Paris 


Lazard Freres et Cae 


Paris | v 



THE LAZARD HOUSES 


Lazard Freres & Co. 
One Rockefeller Plaza 
New York NY 10020 
Telephone: 489-6600 
Telex: RCA 223301 


Lazard Brothers & Co., Limited 

21 Moorfields 
London EC2P 2HT 
Telephone: 588 2721 
Telex: 886438 


Lazard Freres et Cie 

121 Boulevard Haussrnann 
75382 Paris Cedex 08 
Telephone: 4563-0111 
Telex: 280666 










THE TIMES MONDAY OCTOBER 27 1986 



After Day 1: how the market 

will treat nrivate clients 


iwmt Corporation 

uircd the 

Communication 


diary of 


gned acted as 
advisers to 
WlfCC«lpOr.lfU»!} 
imacdou. 





m&Cir 

‘WaiT.«Us 

Tcuul’ir at 
H7-W1 . 




\ N gsv Conventional 
wisdom has three 
main themes. 

. yifcSgy The first is that 
■ the Government 

is dedicated to 
ther broadening of public share 
ownership. . 

- Second, the deregulation of 
stockbrokers' commissions 
will tend to favour large 
institutional dealers who have 
the market muscle to nego- 
tiate concessionary rates and 
' the expertise to take on the 
market-makers face to face as 
principals. 

• Third, many brokers, seeing 
a potential erosion of 
profitability in their institu- 
tional business, are looking to 
foster private clients' business 
as a more reliable and profit- 
able source of income. 

The reality is less simple. To 
take the Government first 
There is no question of its 
dedication to wider share 
ownership: the measures ■ 
taken to advance that policy 
have, however, been flawed. 
The first method is mass 

Little knowledge 
of SE investment 

sales of shares in nationalized 
industries. Originally these 
were conceived for reasons of 
official monetary policy and 
public finance. Later, Conser- 
vative ministers increasingly 
saw them as a means of 
building up a huge electoral 
constituency dedicated to 
keep them in office as the 
natural defenders of the new 
shareholders' personal 
interests. 

One result is that many 
people have become 
shareholders with little under- 
standing of the true purpose 
and rationale of Stock Ex- 
change investment 
Either they are looking to 
make a quick buck betting on 
a near-certainty: or they be- 
come passive long-term 
shareholders in a single com- 
pany who have little idea of 
how to seek or obtain better , 
investment opportunities 
elsewhere. 

British Telecom in the eyes ] 
of most of its small sharehold- 
ers is an alternative to a 
deposit .account at a building 
socieiv. not an alternative, to 
Tesca Marks & Spencer or 
ICl. 

The Government has de- 
signed a new regulatory struc- 
ture based on die Finandal 
Services Bill. Small private 
investors 3nd savers are to be 
fully informed, and protected, 
not from their own foolishness 
but from negligence, poor 
service and, in the extreme 
case, exploitation by those 
handling investment business 
for them. 

Within the stock market, 
pressure from investment pro- 
fessionals to prevent the new 
regulations impeding their big 
business is already lending to 
weaken the protection of small 
investors. 

As an example; the Bill and 
the first draft of the Securities 
and Investments Board 
regulations from the stare, 
identified -professional" and 
"business'' investors as classes 
which did not require the full 


panoply of protection. The 
latest draft of the board's rules 
introduces three more special 
categories to which the full 
procedure need not apply. 
These are: 

• Experienced i n ve st ors who 
have demonstrated their 
knowledge and experience of 
one or more particular types 
of investment by having man- 
aged their own investments 
over a period of a year or more 
and have, thereby shown 
themselves to be acquainted 
with the risks involved These 
could include assiduous stags 
and regular small-time 
punters. 

• Occasional customers in- 
clude those who approach a 
firm infrequently with a spe- 
cific objective in mind but in 
so doing request advice as well 
as execution: Neither party 
has . reason to anticipate a 
continuing relationship. An 
example, might be an executor 
or administrator of a deceased 
estate. 

• Execution-only customers 
are those who approach the 
fiTm on their own accord for 
execution of a specific trans- 
action but do not seek advice. 
They are entitled to best 
execution only, but not to the 
full fiduciary status of a client. 
Such a person introduced by a - 
sub-agent (an independent life 
assurance representative) may 
be a full client of the agent but 
an “execution-only customer” 
of the principal. 

Another type of “execution- 
only customer" is defined as 
an investment business, in the 
same field seeking to do a deal, 
although it is hard to see why 
such a person or -firm is not 
covered by the “professional 
investor" category. 

Not much integrity would 
be necessary to squeeze most 


customers into one or other of 
these categories. 

The Government's third 
major, initiative to promote 
wider share ownership is the 
personal equity plan (PEP) 
scheme announced at Budget 
time. 

This is more attractive in its 
scope than comparable 
schemes in France, the US or 
Canada, being better suited to 
existing investors seeking to 
shield pari of their portfolio 
from capi tal gains (by using 
the PEP for speculative 
stocks) than to new investor 
building up a worthwhile long- 
term holding. 

Jn addition, the record- 
keeping and administrative 
burdens placed on PEP man- 
agers are such that many 
potential managers may find 
the proposals distinctly un- 
attractive as a business 
proposition. 

The presumption that the 
deregulation of commissions 
will benefit directly the larger 
investors, chiefly institutions, 
that have negotiating muscle 
is almost certainly correct. 
That was seen in the US after 
deregulation in 1975 and was 
the Canadian experience after 
deregulation in Toronto (al- 
though not in all Canadian 
exchanges) in 1983. 

A special study of the 
Toronto Stock Exchange 
found that commissions on ‘ 
large deals in the first year 
were forced to a 38 per cent 
discount on the previous fixed 
rates and pressure for further 
cuts was still evident two years 
later. 

Medium-size deals 
(SC5.000-40.000) had seen 
only modest cuts m commis- 
sion and seemed to have 
stabilized, while small deals of 
less than SC5.000 were costing 
mpre. 


A challenge to banks 


One piece of the jigsaw is not 
yet in place. The Government 
has said that bolding soci- 
eties, through subsidiaries, 
wffl be allowed to be managers 
of personal equity plans 
(PEP). 

Hie Buiklizig Societies Act 
also gives them the option of 
offering other* forms of share 
dealing and investment 
services. 

like the banks, they already 
have in place extensive branch 
office networks: some of them 
trill be tempted to challenge 
the banks in this field as they 
have in others. 

For solicitors and accoun- 
tants who are also an. im- 
portant source of business for 
private investors, the situation 
is complicated by the new 
regulatory regime. 

The Financial Services Bin 
envisages that they should be 
allowed to offer investment 
services incidental to then 
main activity, provided then 
governing professional bodies 
obtain recognition from the 
Securities and Investments 
Board as Recognized Pro- 
fessional Bodies (RPBs). 

This status places on than 
obligations and restriction; 


that not aO find welcome or 
even acceptable. It Is possible, 
therefore, that the governing 
bodies may not apply for 
recognition. 

In that event, individnal 
firms of lawyers and accoun- 
tants wOl have to apply to the 
board for direct authorization 
if they want to continue carry- 
ing on investment business. 

Moreover, the aboli tion o f 
standard minimum commis- 
sions will remove the umbrella 
of the standard commission 
sharing arrangement with 
stockbrokers. There may stffl 
be provision under the Stock 
roles for commis- 
sion sharing. but this will be at 
varying proportions of varying 
baric commission rates. 

Furthermore, the actual 
commission received by the 
-intermediary will have to be 
disdosed to the cBent. For 
others than “occasional 
clients" die full enstomer- 
agreement .procedure will also 
have to be followed. 

Many solicitors and accoun- 
tants may consider investment 
business is too much trouble to 
be worth carrying on. 


F Interestingly, private clients 
as a whole had enjoyed an 
1 across-the-board fall in their 
: effective comm issions-but this 
was because they had moved 
i up the scale to deal in larger 
amounts. The real small 
investors were being sieved 
; ouL 

In the US. although not yet 
• in Canada, the trend has been 
mitigated by the growth of 
discount boutiques, which 
offer an execution-only ser- 
vice to allcomers with no frills 
like investment advice. 

This is a natural develop- 
ment of the traditional US 
system, in which the big 
brokers, . characterized as 
“wire houses", have chains of 
retail offices in all-major cities 
where customers with nothing 
better .ip.do can sit and watch 
the ticker-tape, chatting to 
their account executives. 

Historically, this style of 
doing business sprung. -from 
America's geographical p6s^ 
izion, but the Japanese have 
shown that it can be applied in 
other conditions: ' Nomura 

Protection from 
a poor service 

Securities, for example, em- 
ploys a multitude of door-to- 
door salesmen and women 
peddling investment schemes 
'and individual stocks 
throughout the country. 

So for, in Britain, attempts 
to develop such a retail base 
have been halfhearted at best. 
A few London brokers - 
Heseitine Moss. Vivian Gray, 
Laing & Cruickshank — have 
opened provincial offices, for 
the most part in the south and 
west of England. 

In the north. Hanson & Co, 
with headquarters in Don 
caster, and Stancliffe Ltd, 
based in Middlesborough, 
have regional networks but no 
one firm has gone national. 

Other “country" brokers, 
whose dependence on private 
clients is typically greater than 
the leading London firms, 
have formed federations of 
like-minded firms. The first. 
Allied Provincial Securities, 
has brought together eight 
firms based in Scotland. Bris- 
tol. Birmingham. Manchester. 
Nottingham. Plymouth and 
the North-Ea5L 

James CapeL the London 
broker and Post el one of the 
biggest public-sector pension 
funds, each owns 20 percent 
of the holding company. 

‘ James Capel will make its 
research available to its. coun- 
try associates and no doubt 
expects also to see a share of 
their business on a joint 
agency basis. Through James 
Capers overseas connections 
and those of its parent, Hong- 
kong & Shanghai Bank, the 
five country brokers in the 
federation will' have a line to 
overseas markets that they 
could not achieve easily on 
their own. 

Members of the group will 
be represented in 14 towns 
outside London. 

John Hollis 


v : • \ ‘.S^t^^ve^inerfts appear • : . 

•• f - 

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CITY REVOLUTION/5 


The new players 


and the way 


they line up 


Among the most revolutionary of changes in the nm-up to Big Bang 
has been the formation of new alliances of all kinds. Firms which 
have coexisted in the City for years doing their own separate 
businesses now find themselves working together often under the 
same roof. 


New corporate groupings of financial conglomerates have emerged, 
such as Barclay de Zoete Wedd, which can provide a one-stop 
service for investors, offering a wide range of services ranging from 
broking, marifp^ ma king , investment manag ement, investment and 
clearing banking services. 


Others, like Lloyds Bank, have deliberately avoided the formation 
of a financial conglomerate preferring instead to bring in specialist 
skills by hiring people rather than buying companies. 


A third category of the new breed of corporate bodies, comprises the 
groupings formed by the arrival of overseas groups talcing 
advantage of the new freedoms in a deregulated City. The US giant, 
Citicorp, for example, bought itself one of the biggest and most- 
respected stockbrokers in London and a discount house. ANZ 
Merchant Bank bought a broker, while Security Pacific of 
California did nothing because it formed its links with a London 
broker long ago. Very few have, like Lazards, done little to 
reposition themselves for the post Big Bang era. 


Our chart sets out the details of the new players and their alliances. 



Yassukorich: success 


thundering herd 


Stanislas Yassukorich, as rfi»hn «n of Merrill 
Lynch Europe and the Middle East, is head of 
one of the most important Big Bang players. 
He has, however, been in the driving seat at the 
Thundering Herd, as Merrill is popularly 
known, only since Jane last year. 

He was appointed from a long background in 
the Euromarkets. In 1973 he I eft White Weld, 
where he was managing director of the London 
office, to found the European Banking Com- 
pany, a consortium bank specializing in die 
Euromarkets. 

EBC grew and prospered undo- Mr 
Yassukorich’s direction. However, rite 
company's very success became a problem with 
the advent of Big Bang, as the seven 
shareholding banks found they wanted to 
compete with each other and with EBC. The 
future for .EBC looked like being 


Though eager for Merrill Lynch to prosper 
in the new world after Big Bang, Mr 
Yassukorich can be critical of some of the 


CHrtailed. Mr 

Yassukorich saw the t nrir I^ 

solution as a bay-ocrt VVdb LaJHUCJ 

by a large group like Wall Street 

Merrill — a frequent ^ — — 
answer to the problem 

of consortium basks that grow too big. Instead 
of baying EBC Merrill hired Mr Yassukorich. 

Though he works for a thoroughly American 
firm, Mr Yassukorich has a very cosmopolitan 
background. Son of a White Russian army 
officer, he was born in Paris in 1935 and 
educated in America, whose citizenship he now 
bears. Yet in many ways Mr Yassukorich. 
apart from the American accent, is now a 
typical English country gentleman, with a 
home in Gloucestershire and a passion for 
polo. Many of the private clients Merrill 
Lynch wants to attract — those with a lot of 
money — are met on the polo field. 


Yassukorich can be critical of some of die 
developments that have and are taking place. 

He has questioned whether the City of 
London has been wise to adopt Wall Street as 
its model, raising doubts that it fits the 
contemporary British scene. He points ont that 
the modern American investment bank is the 
culmination of evolution over decades. 

Such evolution has led to broad private 
individual share ownership and the creation of 
a community of investors served direcdy from a 
vast network of distribution points. 

Mr Yassukorich is sceptical about the 
creation of such a share-owning community in 
Britain. Wider share ownership, he says, will 
be achieved only with major tax reform and a 
massive edocafion programme. He also qnes 
dons whether the new 


Was London wise to use 
Wall Street as its model? 


_ - _ British-styfe conglom- 

1 Wise tO USe erate wiU be sustained 

s its model? b , y ** B 2 tish 1 S! rket 

alone. He believes 

that antfl Europe be- 
comes an integrated market-place, it most be 
doubtful whether the new conglomerates can 
find the same economic rationale as their 
American counterparts. 

Mr Yassukorich has pubtidy stated that in 
the new reformed City, the pressure wil make 
traditional self-regulation almost impossible. 
We then may end op with the worst of both 
worlds: a self-regulatory system which lades 
credibility and an officially imposed structure 
which does not provide for total dear 
enforcement procedures." 


Alison Eadie 


High-flyer Capel goes solo 


Peter Quinnen and the stock- 
broking firm he heads are 
high-flyers. At the age or 41, 
the Oxford law graduate and 
chartered accountant is chair- 
man and chief executive of 
James Capel and is leading his 
1 ,250 employee business into 
the post-Big Bang era with a 


twofold reputation. 

Time after time Capel tops 
e polls among professional 


the polls among professional 
investors for the quality of its 
research services and has pros- 
pered mightily on the back of 
iu carving out a 7 per cent 
share of domestic equity busi- 
ness. Capel is also known for 
its independence of spirit. 
Alone of London’s biggest 
stockbroking firms. Cape] has 
decided to pass up one of the 
fundamental freedoms of the 
new de-regulated City, that of 
becoming an equity market- 
maker as well as processing its 
clients* trades on an old- 
fashioned agency basis. 

Mr Quinnen says that his 
firm took a different view 
from the rest when what is 
now known as “Little Bang” 
took place a couple of years 
ago. Stock Exchange member 
firms were allowed to create 
dual capacity operations 
called international dealers to 
trade in overseas but not 
domestic stocks. 

He says: “We were the only 
big broker that didn’t We 
maintained a largely agency 
stance then. Our diems said 
that they dealt with us because 
they liked our research and 
our impartial advice and they 
did not mind paying us a 
commission to handle their 
business.” 


recommendations were being 
tailored to suit the position of 
market-makers in the same 
firm. 

Mr Quinnen sayx“We be- 
lieve that that is increasingly 
going to be the case and we 
cannot see any way that it 
won't undermine the quality 
of research. If we avoid that 
our key ability, namely high 
quality research, will be 
strengthened.” 

In the last few weeks before 
de-regulation, a growing num- 
ber of institutions were talking 
of doing the bulk of their 
business through agents until 
they learnt to cope with the 
complexities of the new deal- 
ing systems. 

Mr Quinnen thinks they 
may well get a better service 


that way.He says: “We are 
finding that the market-mak- 
ers we believe will make a 
success of it are all taking great 
pains to be in touch with us. 
We have 200 direct lines 
coming in to our agency- 
dealing operation at their 
expense and at their request 

“ Each of our 1 8 sectors will 
have a senior dealer and an 
assistant with a bank of lines 
into the 10 top market-makers 
in that sector. That will pul us 
in a stronger position to know 
what is going on around the 
market than any of our clients 
are likely to be, and should 
enhance our position. 

“ Our clients' screens will 
not tell them everything they 
need to know ” 


'S, >4 '.•*V* 4 W 




Capel has access to all the 
capital it needs since becom- 
ing part of one of the world's 
biggest banking groups. Hong- 
kong and Shanghai Banking 
Corporation. Yet only in cases 
where a favoured client wants 


.«SS 



to do a deal too big fora single 
market-maker will it offer the 


p r ■ V-f'P'V** I • * . 


market-maker will it offer the 
backing of its own resources. 
It has set up what it calls a 
client- facilitation department 
to handle these large block 
trades. 


*; ' »&■ *^W 







It was undoubtedly an ele- 
ment in Capers decision to do 
something different again in 
Big Bang. “We analysed each 
of the markets that we are in 
and decided the best posture 
for us.” says Mr Quinnen.In 
gilt-edged, where there will be 
no agency business to speak of 
after Big Bang, that meant 
becoming an authorized mar- 
ket-maker. 

Even before Big Bang there 
were stories circulating of 
analysts unhappy ai the way 



Capel's City headquarters 


Mr Quinnen is relaxed 
about the future post-Big 
Bang. He says that the biggest 
single London market, the 
Eurosecurities market, is qoi 
affected being de -regulated al- 
ready as are international 
equity and bond markets. 

“In our terms. Big Bang 
affects just UK equities and 
UK Gilts which are around 30 
per cent of our business. We 
expect rationalization. The 
institutions want to see a high 
quality research effort from 
perhaps a smaller number of 
brokers. 

“At CapelV he says, “we 
shall continue as a broadly- 
based international securities 
house building up especially 
in the Japanese area while 
hopefully retaining our pos- 
ition as market-leader in [hose 
areas where we already hold 
that position.” 


John Bell 




FOCUS 


MAJOR NEW BRITISH BASED GROUPS 


Overseas 

Sament 


UK non-Stock 
Exchange 


Market Makar 


NATIONAL WESTMINSTER 


NATIO NAL 

WESTMINSTER 


NWS 

(BekJNawK©- 

Srrath) 


COUNTY INV 
MANAGEMENT 


FIELDING 
NEWSON SMITH 4 
(NEW YORK) 7. 




NWIB 

Ssoood/ 

Ftah&ngGtfts 



midlan d bank 


MJ i " 


MIDLAND BANK 
WQREENWEU 
EOUITC8 


mm 



Ljtji'jii'J-.m 




BARING BROS 


FIELDING 

MANAGEMENT 


MERCANTILE HOUSE 





Country gentleman 
at the head of the 



*5*212: 


MORGAN GRENFELL 


urn 


PRUDENTIAL 

ASSURANCE 


SCHRODERS 


MORGAN 

GRENFELL 

CAPITAL 

MANAGEMENT 


MORGAN 

GRENF&JL 


MORGAN 
GRENFELL 
INTL ASSET 
MANAGEMENT 



MORGAN 

GRENFELL 

SECURITIES 

HOLDINGS 


E3 5SEEE E 5 f 


SCHRODERS 

PIC 




(Hong Kong) 


J,H.SCHROD£R 

WAGG 





MORGAN 

GRENFELL 

INTERNATIONAL 

SECURITIES 


20% pfus 10% option 


TARGET GROUP 


MORGAN 

GRENFELL 

LAURIE 


MORGAN G 
PINCHIN 
(Equity) 



LAZARDS 

mt. 


IAZARO BROS 


BHBI 


ROBERT FLEMING 


MORGAN 
GRENFELL INC 
(USA) 


BELL LAWRIE 
MACGREGOR 


FEBERSTAOT 

NV 


ROBERT 

FLEMING 


BANK OF 
SCOTLAND 



BARNES 
TOLHURST 
& MILNER 
(Adelaide) 




BELL LAWRIE 
MACGREGOR 



INVESTORS 
CAPITAL TRUST 


BELL LAWRIE 
LTD 


HILL WOOLGAR 


KLEINWORT BENSON 


VALOER 

ELMSLiE 

JARDINE 

FLEMING 

(Australia) 


ENSIGN TRUST 


HILL WOOLGAR 


SPENCER 

THORNTON 


SMITH NEW COURT 



MERCURY SECURITIES V-"' 


SG WARBURG 
AKROYD 
ROWE PITMAN 
MULLENS 



CAZENOVE & CO 



« 





GERRARD & NATIONAL 




GINTELCO 


SG WARBURG 
ROWAK 
FAR EAST 


GUINNESS 

MAHON 



HENDERSON 

CTOSTHWAITE 



[ mmm 




WAGON 

FINANCE, 


TULLETT& TOKYO 


S JENKINS 










































































































































35 


gfe 


THE TIMES MONDAY OCTOBER 27 1986 



FOCUS 


CITY REV OLUTION/6 




#*-' W7 


A M HOS 




OLGAR 




LLOYDS BANK 

I 


MA60N NUGENT 


C.l.B.C. 


U-OYDS SANK 


, ^ -i: 
p** ■* ;■ 


The man who made 
his firm a star 



An shareholdings 
in subsidiaries 
are 100% unless 
otherwise stated 


When John Chiene joined Wood Mackenzie in 
1962 it was one of the oldest stockbroking 
firms in Edinburgh. It was also one of the 
.smallest, employing just 10 people. Now, as 
part of the Hill Samuel banking group, 
Woodmac is a significant player in the London 
and New York security markets employing 
450 people worldwide. 

in the intervening years the firm established 
a reputation, first for research then for all- 
round, high-calibre service to institutional 
clients and, latterly, for corporate finance — it 
has be en in volved in the privatization of 
Britoil, TSB, British Gas mid British Airways. 

Woodmac’ s transformation is inextricably 
linked with the tall, forceful figure of Mr 
Chiene. When he was hired to develop the 
institutional side of the firm's business, 
Edinburgh stockbroking was, by today's 
standards. parochiaL 

Mr Chiene’s chosen route towards building 
an institutional customer base was research J\l 
first, there was no attempt to cover the whole 
of the equity market Investment trusts, 
Scotch whisky, and insurance were the first 
sectors studied. Then came oils and food, 
while banks, tobacco and technology followed. 

They were all areas where the long-term 
investor had to use a significant part of his 
portfolio. If Mr Chiene were merely following 
the market in tins, the move into North Sea oil 
research in a big way was definitely leading it 

Intriguingly, 15 years before Big Bang, Mr 
Chiene and his colleagues already regarded 
negotiated commissions as being almost 
inevitable. “In those days we used to talk a lot 
of long-term strategy and it led to the 
development of business publications, high- 
quality research and information for sale to 
industry in anticipation of negotiated rates of 
commission." he said. 

The oil coverage was a .notable success. 
Woodmac now earns sizeable amounts of so 
called hard dollars for research. “Let's just say 
several millions of pounds a year.” 

By the early 1 970s, 70 per cent of the firm’s 


business .was coming from outside Scotland 
and it was clear that Woodmac would have to 
establish a base in London. If 1973, with the 
stock market about to enter the worst bear 
market since the Wall Street crash, was hardly 
the ideal moment to embark on a costly new 
venture, the following year was. according to 
Mr Chiene, the year that marked Wood mac’s 
acceptance as a major institutional broker. > 

With a market share of just less than 1 per : 
cent in UK equities, Woodmac had arrived in ' 
more ways than one when it established a- 
London office. But revenues continued to- 
grow at about 40 per cent a year. Market share . 
is now about 6 per cent and total revenues 
have expanded by a factor of 30 or more. 

Mr Chiene and his colleagues were among a 
select band of those in London, such as Jacob : 
Rothschild, John Barkshire, and the partners' 
of Hoare Govett, who not only foresaw- 
deregulation, but ran their business in 
anticipation of it “We had a lot of policies in- 
place and were conducting our business in - 
anticipation of negotiated rates. We were not ' 
necessarily expecting a collapse of single 1 
capacity,” said Mr Chiene. 

The passing of single capacity raised greatly ; 
the" level of capital needed to maintain a" 
presence in Woodmac's key markets to a level 
that made a merger with a bank such as Hill 
Samuel the next logical development 

Life after Big Bang is, according to Mr . 
Chiene, a matter of two things. Using a golfing, 
metaphor, he said: “You have to make the cut:, 
with the institutions on the agency side of your 
business.” The second is flexibility, “what- 
ever we do must be robust under a variety of 
circumstances. We don't think that things will*, 
solidify after October 27." They won’t, 
probably for a matter of years. 

If Mr Chiene reads the future now as well as. 
he read it 20 years ago. Hill Samuel and 
Woodmac look set for a prosperous 
partnership. 

John Beil .■ 


CITIBANK 

INTERNATIONAL 

NETWORK 


PRUDENTIAL-BACHE 

WSSmSPm. ISSrrr 


:mr 


COMMONWEALTH BASED GROUPS 


CLIVE 

DISCOUNT 



HONG KONG & SHANGHAI 


P B DOWN 
DEBOER 
DUCKETT 




NORTH 
CAROLINA 
NAT. BANK 


MERRILL 

LYNCH 


N.C.N.B. 



Americans say they 
will stay on the floor 


■ 'ikt f 1 


JAMES CAPS. 
GILTS 


. v V .< 



^■iS 


PANMURE 

GORDON 


MERRILL LYNCH 


sm 


■ :"V; 


MERRILL 

LYNCH 

EQUITIES 


UNION 









JAMES CAPEL 


(New York) 


-a*'— ■ * •* A 


JAMES CAPEL 
TOKYO 


#f ; ■vfeiiii 

saMSKffii 9 *81 

v ’, -*•< .'<■ • “ - 't .. " , ' t ' - 




GOLDMAN 

SACHS 


BANKERS 

TRUST 


GOLDMAN SACHS 


BANKERS TRUST 






ROYAL BANK 
OF CANADA 


B.T. GILTS 




ROYAL BANK OF CANADA 

BBESaiM " • <l 1 * iC 

•• ' «- #*■ 


ANZ BANK 


MORGAN GTY 


V.M' 




SALOMON. BROS 



ANZ BANK 


& DYSON 


i.TO'MJ'w.pm'i'u.iJrtM'f 


VANGUARD 

TRUST 


ANZ 

MERCHANT 


GRINDLAY 

BRANDTS 


r, -**■*■ 





Edhourgh .j 

. j 


Big Bang should not be the 
starting signal to abandon a 
system which has served 
London well for many years. 
That is the view of Tony 
Lewis, chairman of Smith 
New Court the securities 
group which claims to be 
independent of any of the big 
institutions. 

He does not believe that “a 
system which has served 
London so well for so long, 
and has been the envy of the 
world, can or even should 
change totally overnight." 

As a result the firm — 
created out of the merger of 
Smith Bros, a leading equity 
market-maker and Scott Goff 
Layton, a specialist institu- 
tional equity stockbroker — 
intends to cany on trading on 
the floor of the Stock 
Exchange. 

“Being on the floor does not 
mean that we cannot still trade 
on telephones and screens just 
as if we were sitting in an 
office,” he says. “But being on 
the floor itself gives us the 
added advantage of permit- 
ting us to trade face to face, 
enabling our traders to main- 
tain a constant feel of the 
markets. 

“We are convinced that 
face-to-face trading is the most 
efficient way of handling large 
numbers of transactions. 

“I am not convinced that 
screen dealing techniques and 
modern technology will nec- 
essarily promote this essential 
liquidity. We feel that having 
the large bulk of our existing 
senior dealers inride the actual 
market will help us from a 
commercial point of view to 
maintain this liquidity.” 

Smith New Court, whose 
roots go back to 1924, con- 
centrates on equities and op- 
tions and trades in more than 
1,500 UK stocks. The firm has 
a large number ofinstitutional 
shareholders, the largest being 
N.M. Rothschild with a bold- 
ing of 35 per cent. 

Smith New Court has been 



Lewis; floor-spot advantage 

gearing up for Big Bang by 
stepping up its commitment 
to block trading and becoming 
more involved in corporate 
deals, all done under *the 
tightest security. 

It points to its success in 
acquiring the 20 million 
shares held by Gulf Fisheries 
in Lonrho and' running the 
position for several weeks so 
that no one knew where the 
stock was. It also sold short 
the 15 per cent stake in TI, 
acquired by Evered Holdings, 
and covered the position in 24 
hours. 

“Three years ago the Stock 
Exchange changed its rules for 
trading in international securi- 
ties in London. Since then we 
have actively built up an 
extensive range of non-Stock 
Exchange firms with. whom we 
conduct international 
business. 

“These include pension 
funds, unit trusts and banks, 
to say nothing of the members 
of the major Stock Exchanges 
around the world. As a result, 
we have learned to settle in 


multi-currencies for different - 
settlement dates, none of them ' 
straightforward.” 

Mr Lewis described how its 
sophisticated network has en- 
abled it to handle an increas- " 
ing number of important 
orders. One, involving Austin- 
lian shares, was half com- 
pleted during trading hours in " 
London, another quarter han-'* 
died in New York and the : 
balance completed ini 
Melbourne. 

But while Smith New Court ! 
believes it is well equipped to 
cope with life after Big Bang. I' 
the managing director, Mi-'-, 
chael Maries, believes little ; 
will change that quickly. He - 
said the client, who is the : 
driving force, will be dower to ’ 
change and will continue to do ' 
business in much the same 
way. 

But the pressure for change 
will .come from the institu- - 
tional business. Pension fond 
managers, he predicted, will 
be put under pressure to lower * 
transaction costs and this - 
would feed through. 

“He will pe told that he has- : 
to cut his dealing costs. In i 
particular, this will apply Jo 
the alpha stocks, like Marks & . 
Spencer and BT, where quite - 
frankly he does not need the;? 
research back-up. He knows.; 
he has to have a weighting in-" 
the stock 'and will move!- 
swiftly to try to deal on a net - 
basis. 

“This will not be the case «■■■ 
with private clients. Brokers I ’ 
have spoken to say that they 
do not intend to lower their— 
commissions. But the big y j 
problem will come with the - 
arrival of the American dis-' ; 
count houses who will be" 1 5 
offering a no- frills service to "-- 
try to mop up the business, ’i 
“That will certainly rale out.- 
any possibility of brokers here 
trying to come to some sort of > - 
unofficial cartel on commis- 
sions. It would not hold up," 
he said. 

Cliff Feitham J 












































































































































THE TIMFS MONDAY OCTOBER 27 1 986 


CITY REVOLUTION/7 


((FOCUS)) 


B *g Bang is only one part of a much broader 
revolution going on in the City and the 
Tk ^jestment industry. 

{J JJJ F oancial Services Bill which is to become 

purports to provide a comprehensive 
^S®work for protecting investors. 
mlnSP** they are buying unit trusts, giving their 
jl'W to investment "““agers, dealing in shares, 
j*ng ufe assurance or speculating on the futures 
“Sjoptioiis markets, investors will in some way be 
T? 3 ™ - and, it is hoped, protected - by the Bill. 


ut jMituaei nowaro, lvunist 
^ t-onsumer Affairs, and Sir Kenneth Berrill, 
^“JjTnan of the Securities and Investment Board. 
L_2?°st of the powers to police investment 
rjsjpesses will be transferred to the SIB, which will 
tne overall watchdog for investment protection. 
Lawrence Lever interviewed both men. 



A new watchdog for 
the small buyer 


Looking after investors: Michael Howard, left, and Sir Kenneth Berrill 



Howard’s way with the critics 


■ Whether he en- 
joys the hot seat 
or not Michael 
Howard. the 
Minister for Con- 
sumer and Cor- 
porate Affairs, certainly 
°ccapies it now. 

After ail he is the man who 
has had to bring the Financial 
Slices Bill to ' an often 
reluctant and critical invest- 
ment industry. 

Mr Howard is in his mid- 
forties and a QC. .Ask him if he 
made a lot of money as a 
barrister and he replies: “No. 
not a tremendous amount." 

He was elected to Par- 
liament in 1983 - his third 
attempt He plays a little sport 
and supports Liverpool. 
Swansea and Folkestone, "not 
in that order". 

City sceptics would say the 
passage of the Financial Ser- 
vices Bill through Parliament 
has not been dissimilar from 
the mauling Folkestone FC 
might expect at the hands of 
Liverpool. Mr Howard would 
say they were being unfair. 

How much did he know 
about finance before taking on 
the Financial Services Bill? "I 
didn't really know a great deal 
about how 'the City works but 
the fact that I*ve come to it as 
an outsider has given me 
greater objectivity in dealing 
with the issues." 

The Bill itself has been 
roundly criticized. Many in 
the investment industry have 
behaved likea screaming child 
reluctant to have a much- 
needed bath. It is unduly 
complex they cry. Is it? 

“It’s not unduly complex," 
said Mr Howard. The basic 
structure of the Bill has not 


changed since the White Paper 
on Financial Services which 
was published in January 
1985. 

"The basic concept of a 
statutory framework confer- 
ring powers on the Secretary 
of State for Trade and in- 
dustry. which he then trans- 
fers to an organization, which 
in turn supervises self-regulat- 
ing organizations, is well 
understood." 

What about the number of 
amendments that have been 
introduced to the Bill, another 
focus of critical comments? 

"I always said I would 
consult with people on the 
detail in a very genuine spirit 
of being prepared to respond 
to their concerns. People 
would come to me. sometimes 
quite late in the day. and say. 

* We don't really think that you 
intended your Bill to cover us, 
but whether or not we are 
covered is uncertain.' 

"You can either tell people 
to buzz off because you've a 
beautiful legislative structure 
which you don't want to 
disturb, or you can respond to 
their concerns. If you take the 
second view, it means that the 
Bill becomes longer and more 
complicated. 

“The complications relate 
almost entirely to boundaries 
— to give people the certainty 
that they wanted. But I do not 
believe that affects the clarity 
of the principles set out in the 
Bil l, we had lots of requests to 
fiddle around with these 
which on the whole we 
rejected. 

“We are regulating a series 
of activities which are com- 
plicated. The financial ser- 
vices sector covers a wide 


variety of activities and if you 
are going to have a com- 
prehensive framework it is 
idle to pretend that you can do 
it all in simplistic fashion. 

“I'm not pretending that the 
man on the Clapham omnibus 
can pick up the Financial 
Services Bill and read it as 
though it were a novel." 

Another criticism is that the 
Government bowed to City 
lobbying, but was less willing 
to lend an ear to the voices of 
the smaller, consumer lobby 
which has neither the power 
nor the resources of the City. 

For instance, a few weeks 


6 As an outsider 
I have greater 
objectivity in 
dealing with 
the issues 9 


before the Government de- 
cision to give self-regulating 
organizations immunity from 
actions for damages. Mr How- 
ard had given a firm im- 
pression that he was against it. 

Moreover, the- decision to 
grant immunity did come 
after the self-regulating 
organizations said they would 
not be able to serve without 
immunity. This was surely the 
power of colleen ve City lobby- 
ing the effects of which do not 
inspire confidence in self- 
regulation. 

“I absolutely don't agree." 
said Mr Howard. “That de- 
cision isjustified on its merits 
and there is no derision that I 
have taken on this Bill as a 
consequence of lobbying on 


which I have not been sat- 
isfied on the merits of the 
changes that have been asked 
for. 

“I changed my mind. It is 
constantly being said that I 
was overruled by Paul 
Channon. That is absolutely 
untrue. I approach any sugges- 
tion of immunity with a 
prejudice against iL We ought 
to be very reluctant to inter- 
fere with people's legal rights. 

"As for giving way to the 
City, bear in mind that we 
introduced a compulsory 
compensation scheme con- 
trary to the wishes of the Slock 
Exchange. Perhaps the most 
powerful lobby in the City was 
saying. ‘You leave us alone’.” 

One aspect of the Bill which 
has attracted criticism is its 
passage through Parliament 
In particular, the number of 
amendments and the shortage 
of time have led to complaints 
by the Lords that the Bill was 
being rushed through without 
enough lime for 
consideration. 


It was only a matter of 
weeks before the Bill was due 
to become law that the Gov- 
ernment finally derided wbat 
it wanted to do about 
compensating investors who 
lose money from the fraud or 
insolvency of an investment 
business. A fundamental as- 
pect of investor protection 
had been left to the last minute 
to resolve. 


“The Bill certainly did not 
have a stormy ride through the 
House of Commons." said Mr 
Howard. “Many people said it 
was the best and most 
constructive committee 
they’ve served on. The conges- 


Wty listen to financial 
issip when you can 

read the erosoel? 




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lion in the Lords was in part to 
do with the general weight of 
business the Lords have had 
to deal with. 


"As to compensation, we 
had hoped that it would be 
possible for the regulatory 
bodies to come to a voluntary 
agreement about the possibil- 
ity of an industry-wide 
compensation scheme which 
would make it uiuieccessary to 
introduce an element of leg- 
islative compulsion into this 
area. 


“When it became clear that 
no agreement was going to be 
reached we had to act to 
provide the best possible 
compensation scheme.” 

What does Mr Howard 
think of the media coverage of 
the Bill? Not much, it would 
seem. “I think that it's been 
unfairly presented - particu- 
larly more recently where 1 
think there has been great 
concentration on practically 
any and every criticism of the 
Bill from whatever quarter 
and however self-conuadic- 
tory or ill-informed. 


Sir Kenneth Berrill has spent 
the past 18 months or so 
drawing np rates. Not person- 
ally. of course. He is. after all, 
chairman of the Securities and 
Investment Board, the ul- 
timate watchdog for investor 
protection. 

It is named in the Financial 
Services Bill as the body the 
Government will make 1 res- 
ponsible for setting the stan- 
dards for and poUcmg the 
investment industry. The 
board has had to create its own 
laws for what wiH become a 
comprehensive system of 
investor protectum. These 
have appeared in the form of 
draft rales. 

They tell investment busi- 
nesses bow they should handle 
clients' money, bow they 
should bay and sell invest- 
ments on behalf of diems, 
what tests they have to satisfy 
to be considered fit and proper 
to cany oat business, how they 
can advertise and promote 
their products, and so on. 

One interesting — and 
disturbing - aspect of the 
board’s edicts is the extent to 
which they merely spell oat 
what is already legally re- 
quired under the common law 
of agency. 

This requires an agent — 
such as a stockbroker or an 
independent insurance broker 
— to act in the best interests of 
his client, to pot his client’s 
interests before his own, and to 
attempt to achieve the best 
result for his cheat, with 
regard to his knowledge of that 
client's needs and personal 
circumstances. 


level to the best in oar markets 
right the way across. 

“That is why you have a 
central agency and then a very 
detailed statute which says. 
Most making the law of agency 
work isn't enough, we are 
going to write down all the 
sections of the law of agency as 
it is meant to apply in various 
areas.* The small person is 
now coming info markets in a 
way in which be did not 
before." 

Is the investment industry 
the right body to enforce these 
requirements in itself? Sir. 
Kenneth strongly believes it is. 
He thinks that having prac- 
titioners on the staff of SIB — 
some of them very senior — 
gives the board “a tremendous 
advantage" ova: g o v ernm ent 
departments. He also thinks 
that practitioners have sharp 
teeth. 

“When it comes to disciplin- 
ing other practitioners who 
have clearly broken the roles 
they tend to be much tougher 
than the independent out- 
siders. On the whole they 
don't like somebody who has 
let the market down in some 


sense. 

Seggesdom that the City’s 
so-called “cosy dob" wifi hud- 
dle together to protect its own. 


(There is really 
no alternative 
to having 
a detailed 
role book 9 


having a detailed nrfe book,” 
said Sir Kenneth. 

“First of aUU people do have 
the right to come and *sk wr 
direct registration. with the 
SIB in any type of business. U 
they come to yon, yon hare to 
hand them a rale. book. Yog 
can't send diem away with 12 
good principles. 

“The Stock Exchange’s own 
rale book is 1,000 classes or 
more already and that is just 
sue part of the market. 

“Secondly, it has the pe- 
culiar power of b eing eqrira- 
lent to a statutory Instrument, 

whkfa means that h can be laid 

in front of a court and there- 
fore has to be written in legal 
language, even though yon 
may have an explanatory page 
parallel which is in mac easy- 
to-tmderstand language. 

“Thirdly, if yon stmt with 
rather genera! principles in 
today's market world y®*fve 
almost certain to be pushed 
into deftw il N — ns with the 
Takeover Code — and yoo 
finish op with what yon didn’t 
believe yon had to have; which 
is a detailed rate book. So we 
had no alternative, we had to 
write a detailed rale book 

“And people also want cer- 
tainty. They want it both ways 
in fact They don’t want 
enormous detail but they don't 
want uncertainty. 

“There is no way In which 
■ you can keep the lawyers onto! 

rale books. The Stock 
Exchange's nde book has 
always been extremely predse 
and if it has not been precise 
enough then they damn wefl 
had to revise the rale until it is: 


“Insufficient attention has 
been paid to the merits of the 
Bill and the extent to which we 
were responding construc- 
tively to representations 
which were made. And a lot of 
the criticism has been of the 
rules drawn up by the SIB 
although the criticism has 
been wrongfully directed at 
the statute." 


So presumably Mr Howard 
is satisfied with the Bill? 

Long pause. 

“I dont suppose satisfaction 
is something I should confess 
to."A!l right, is be pleased 
with it? 

Another long pause. 

“Yes. I think that it repre- 
sents a responsible approach 
to the task of putting in place a 
comprehensive framework for 
investor protection — the first 
time we have ever had that in 
this country.” 


The board’s rales spell out 
the requirements of being aa 
agent for an investment in- 
dustry that has often been able 
to neglect it to its own advan- 
tage and to the particular 
detriment of the largely 
unsuspecting small investor. 

“At least half of die busi- 
ness the SIB does is reinforc- 
ing the law of agency," said Sir 
Kenneth. “It is a fad There 
were whole parts of the market 
where die detailed operations 
of the law of agency, particu- 
larly as regards the small 
bnyer, were patchy. 

“The Stock Exchange was 
the best regulator; the law. of 
agency wonted there better 
titan anywhere else. In many 
otter parts of the market 
where you either had a licence 
ftom the Department of Trade 
and Industry, or you could get 
an exemption, it was not at all 
well done because the depart- 
ment does not have the staff, 
the money and resources to do 
the detailed work required. 

“The level playing field is 
precisely that: to raise the 


bold no sway with Sir 
Kenneth. 


“I don't know an exchange 
rale book in the world which 


“Cosy cfnb? This town now 
a cosy dub? Have you seen 
what time they have to get np 
in die morning? And the 
competition — having all your 
best staff pinched. 

“It may have been a cosy 
dab years ago. I mean that it 
was. It’s not tike that anymore. 
The *come in late, long City 
leach, back on the 430 from 
Liverpool Street' is over." 

The SIB has attracted otter 
criticisms — such as its own 
naming costs. “The SID's 
costs are small fry," said Sir 
Kenneth. “The real costs are 
the effect on the industry, the 
compliance officers, the 
records and all the other 
things. These are botmd to be 
considerable.'* 


isn’t almost legalistic in its 
precision, partly because if it 
is precise, both sides to a 
bargain know what they are 
about and partly because it's 
more difficult to get rarad 
them." 


Detailed or not, Sir Kenneth 
still has a long way to go to 
getting his rate book operative. 
It has to be fimfogd became 
there are still some sections 
missing, such as the cries 
laying down how modi capital 
an investment firm mast have 
in order to cany oat its 
business. 


Many people have criticized 
the detail and technicality of 
the SIB's rale book, arguing 
that self-regulation was sup- 
posed to keep the lawyers out 
“As the Bill is constructed 
there is really no alternative to 


-The Government has to 
approve it and it mast be 
vetted by the Office of Fair 
Trading. Moreover, the SIB 
will have to examine 
approve all tte rate books 
produced by the imKridnaf 
setf-regn fat ting organizations. 

“It's been quite busy 
really," said Sir . Kenneth, 
understating his rase. “But 
I've enjoyed it thoroughly and 
I don't regret it— so farf* 


Even the best mountaineers 
benefit from a 
little local knowledge 







VOKK TELEPHONE- (21 i) 938 6699. LONDON TELEPHONE: (0I» Z 
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No matter how shrewd, how experienced he 
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Especially after Big Bang. 

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It was years, rather than months, before Big 
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| Please send me further infonnation,as foflowny Tick box. 
I Q Private Portfolio Management 

• FI Trata. PmnJ EI.W.1 I 


n Tjmstee and Peraorud Financed Planning 
I O ShareCall (Dealing Serwiee)_ □ Barrington Unit Tn*. 
i UFtenston Funds □ Investment Trims 

* Name, 


[Address. 


-Tel: 




TRUSTEE AND PERSONAL 
FINANCIAL PLANNING 


UNIT 

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PENSION 

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THE TIMES MONDAY OCTOBER 27 1986 


Ogfo 

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TO PREPARE FOR TODAY, WE WORKED 25 HOURS YESTERDAY 


best nunmt.iinoors 
from j 

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V.- 1 ' •' 

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fr:V'V -■ 




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3b**o. >*•-• •* 




Working round the clock is nothing new to British Telecom. In the last year, in preparation for the Big Bang, 
we’ve clocked an average 12,000 man hours in the City every weekend. . 


We’ve installed over 50,000 miles of private circuit (That’s twice round the world 


British 


WG VC IllbUUlCU wv,vvv jguraiu ouvuxu ^± uato 1UUUU LJLLO YVUiJLU. Wf|p| a a 

in the square mile.) And we’ve completed a record number of dealing room systems. | &* \ 

All this, even when there were only 24 hours in a day. The People for Commlwcation. 













'• ***>:• 


THE TIMES MONDAY OCTOBER 27 1 986 


QTY REVOLUTION/8 


FOCUS 


Lift-off: from 
banter and 
chat to video 
interfacing 


To get a true 
grasp of the 
- <T^ changes wrought 

in the City by Big 
■ Bang, take a look 

^ ' at the dealing 

of a Stock Exchange 
Jp^nber. Not so long ago. the 
gprcal stockbroker’s office 
wplayed a cosy if somewhat 
^bevelled air. While sales- 
£[*n juggled bonks of tele- 
phones. taking orders from 
gKMs and relaying them to 
traders on the market floor. 

of papers flew back and 
T*ih to the settlement depart- 
ment where accounts were 
~T»ade up for clients and other 
Stoking firms. 

." Hidden away in nooks and 
®«imies were research staff 
goring intently over a pile of 
snare-price graphs and annual 
.reports. 

~ Today, the largest dealing 
|oors in the City look more 
flkcNasa mission control. The 
cavernous rooms contain no 
central-heating pipes or um- 
brella stands to disturb the 
fine of vision. 

Instead, there are rows and 
rows of salesmen, traders and 
researchers staring into video 
terminals. In Nasa parlance, 
there appears to be a perpetual 
state of preparing for lift-off 
Today Big Bang — lift-off — 
has arrived. 

Big Bang is not totally 


responsible for this trans- 
formation. Technology has 
leapt into stockbrokers' office 
during the last decade with the 
explosion in screen-based 
information services, the 
development of sophisticated 


telephone systems and the 
gradual automation of the 


gradual automation of the 
back office. 

What Big Bang has done is 
to make technology a neces- 
sity. rather than a luxury. 
Broking firms wbich have 
taken on market-making roles 
have faced the most pressing 
urgency. Systems have to be 
developed to track positions 
in individual stocks and to 
organize settlement of trades 
executed in their new 
capacity. 

More importantly. Big Bang 
has brought the Stock Ex- 
change floor into the trading 
room. Apart from keeping 
abreast of market develop- 
ments for the firm's own 
records, many of the post- Big 
Bang systems arc designed to 
be compatible with the Ex- 
change through the SEAQ 
quotation and price system. 

It can constantly update bid 
and offer prices and reporting 
trades in leading securities as 
soon as they happen. 

Constructing a dealing 
room for Big Bang has pre- 
sented two obstacles to in- 
house technocrats at the City’s 



w * - w'i--?. - i 

Dial phones and cha lk boards — a brokers' office in 1948 and, right, technology 


takes over — Paul Harknett in the equity dealing room atEfemwort Grievesoo 


securities houses. The first has 
been a tight time factor — Big 
Bang date was announced 
only two years ago and the 
Stock Exchange has been ada- 
mant that there would be no 
slippage.The Exchange sex the 
pace by bringing SEAQ to 
fruition on time. 

Second, the nature of the 
broking firms and the markets 
they serve has been constantly 
changing. Brokers, jobbers, 
clearing banks and merchant 
banks have teamed up to form 
giant financial conglomerates 
whose functions stretch far 
beyond research, broking and 
market-making in domestic 
equities and gilts. 

Some of tbe largest 
organizations also cover mar- 
ket-making in options, Euro- 
bonds, US government bonds 


and international equities. 
They may also have large 
investment management 
operations. 

The keynote of a Big Bang 
dealing room, according to 
Paul Harknett of Kleinwort 
Grieveson, is flexibility. Tbe 
room he has supervised is one 
of the largest in the City, 
covering 21.000 sq ft with 
space for more than 250 
traders and salesmen. 

Mr Harknett said: “We're 
not certain which market ar- 
eas will expand and which will 
contract. So we need a system 
that can deliver a variety of 
different information services 
to a desk according to the 
business being done there.” 

- In all Kleinwort personnel 
will have more than 25 
information services to draw 


on, ranging from in-house gilt 
price and equity research 
databases and position keep- 
ing service, to external pews 
and information services such 
as Reuter, Telerate and, of 
course, SEAQ. 

Mr Harknett and his 
counterparts around the stock 
market have been helped in 
their chase for flexibility by 


Technology vital 
— not a luxury 


the growing trend for informa- 
tion services to be delivered in 
digital rather than video 
form.Digjtal feeds have nu- 
merous advantages, including 
the fact that they can be 
distributed around a dealing 
room by computer-driven lo- 


cal area networks (LANs) 
hidden under the floor, which 
then feed up through one cable 
to each workstation. 

Video feeds have to be 
cabled physically from the 
source of the data to each 
screen, rather like a TV aerial 
lead at home. Thus if a gilt 
dealer wants to trade places 
with a Japanese equities 
trader, their digital services 
can be swapped at a flick of a 
computer switch. Physical 
manouvriqg would be needed 
for the video systems. 

Another selling point of 
digital services is that tbe data 
they present can be manipu- 
lated by the users. Traders can 
do little more than stare at a 
video-driven screen of gill 


and sort the . prices by yield, 
volatility, relative value and 
soon. 


Dealing-room managers 
have also given consideration 
to the atmosphere their trad- 
ers and market-makers have 
to work in. The most efficient 
layout, technically speaking, 
might be counterproductive if 
dealers, especially those 
hauled back from a lifetime of 
banter on the Stock Exchange 
floor, find themselves isolated 
from their colleagues by a 
battery of computer screens 
and telephone switchgear. 


S trices, but can take a digital 
eed of the same information 


Tony Peter hopes be has 
done enough to construct a 
suitably atmospheric dealing 
room at Wood Mackenzie, . 
now pan of tbe Hill Samuel 
group. He says: “Tbe whole 


emphasis after Big Bang wifi 
be on off-floor trading. You’ve 
got to recreate that at- 
mosphere to get the fedof the 
market,” . 

Mr Peter has tried to do this 
by giving priority to the vocal 
communications. Traders 
have access to both a person- 
to-person intercom and a 
general broadcast system 
when they wish to impart their 
messages to the entire room. 

He is also doing his best to 
mollify clients who fear that 
personal service will disappear 
after Big Bang. 

. Wood Mackenzie’s switch- 
board operators, he points 
out, sit in the dealing room, 
able to tell callers where their 
salesman is located. 


Richard Lander 


For the last two decades, Walter 
Anch. the former chairman of the 
Chicago Board Options Exchange* 
has treasured a piece of paper 
which neatly illustrates tbe chang- 
ing face of the American securities 
industry. It is a 1965-rintage 
. “tombstone”, the financial world's 
term for those drab newspaper 
advertisments that list stock- 
broking firms taking part in the 
underwriting of a share issue. 

In this particular case, tomb- 
stone has another meaning: every 
time a share dealer has folded, 
merged or been taken over since 
1964, Mr Anch has put a line 
through its name. Today, fewer 
than a quarter of the 200 or so 
firms which helped General Mo- 


tors raise S36Q million in 196S 
remain as independent firms. 


Mr Audi's pen has been 
particnlarly active since 
“Mayday” — May 1, 1975 — when 
tbe American securities industry 
had its own Big Bang. In retro- 
spect. the event seems such a pale 
precursor of our own stockbroking 
revolution that it seems hard to 
understand what all the fuss was 
about. 


Tombstone Territory’s warning 


Whereas the British Big Bang 
gun is a triple-barrelled device — 
combining the end of fixed 
commissions and single capacity 
for brokers and jobbers with the 
opening of stock exchange 
membership to all — Mavdav 


merely saw the end of rigid 
commission rates on all share 
deals. Even that blow had been 
softened two years earlier when 
negotiated rates were allowed for 
large bargains. 

Sam Hunter, a senior vice 
president with Drexel Burnham 
Lambert one of the largest bro- 
kerage bouses on Wall Street 
today, said.‘“Compared to what 
London is doing. Mayday was 
almost anti-dimactical." But be 
admits to the benefit of hindsight 
saying: “Mayday is the inter- 
national signal used by ship- 
wrecks. We all took life preservers 


into the trading room mi May 1.” 

But judging from What hap- 
pened in the period immediately 
after Mayday, British securities 
firms would be unwise to write off 
the experiences of their US cous- 
ins 11 years ago. It might all 
happen here agaimThe biggest 
change was that commission rates 
fell like a stone, never to recover. 

“Commissions weren't nego- 
tiable at all” Mr Anch said. “The 
institutions with their muscle were 
able to dictate them.” 

Rates fell by 10 to 15 per cent on 
Mayday and edged further down in 
the weeks afterwards. The price- 


cutting war bad a fundamental 
effect on the way Wall Street did 
business. 


Mr Auch said: “There was very 
tittle regard for quality of service 
for some time. Clints were in- 
terested only in price. This 
changed over a period of time and 
the customers demanded service 
and a low price — and got it” 


The- first victims of Mayday 
were tbe niche “institutional 
boutiques” which prided them- 
selves on their research facilities. 

Regional brokers suffered die 
same fate for similar reasons. Of 


die 17 Cleveland firms which took 
part in the GM share issue, only 
one survives.The bigger brokers 
survived by raising their commis- 
sions to individual investors, who 
had to get used to subsidizing tbe 
large pension funds and insurance 
companies, a reversal of the pre- 
Mayday situation. 

Such a course of action wffl be 
less readily available to British 
brokers after Big Bang. Sales of 
shares in TSB, British Telecom, 
Jaguar et a / notwithstanding, the 
man on the Clapbam Omnibus 
owns a for smaller proportion of 
the share market than the Kansas 
City milkman of 1975. 

It was not long before the law of 
the jungle held complete sway on 


Wall Street to make Mr Audi's 
tombstone a mass of solid Mack 
lines. 

As the smaller, weaker 
died out, the number of members 
of die New York Stock Exchange 
started to &IL Of the 494 aramd 
on Mayday, only 473 were still 
there two years later. 

What saved an even greater and . 
longer decline was the start of 
what turned oat to be a 10-year 
ball market. There are now 600 
members on the N>!SE and tbe 
number of broker-dealer firms in 
dm US has grown from 4*300 to 
almost 7,800, according to the 
latest figures of the Securities 
Exchang e Owtotin lau 

Richard Lander 


• V • ■ m 

Broker-dealers enter 


■YfT7T| H -| UiVlWI VLVU1VXU VlllVX 

Who tells our traders I the gUt-edged market 


what to do? 


In the old days — last week, in 
other words — the gilt-edged 
market was a simple place. It 
was dominated by just two 
jobbers who supplied most of 
tbe liquidity in a market 
which normally sees a turn- 
over of something more than 
£4 billion each day. 


£Ymith New Court is the only major 
independent British market-maker-the 
L/ only one that is not controlled by any 
outside group. 

Nobody tells our traders what to do. 
They make up their own minds and they are 
free to seize opportunities as they arise. 

None of our shareholders influence our 
business. Nor do they deflect us from offering 
sound advice and keen prices. 

„ ~ - Further; our research and agency 

company is inde* 
pendent from our market' 
making side. 

'Were on The Stock Exchange floor; 
Avhere our pitches are equipped with the 

latest technology. To serve our 
international clients, we 
duplicate those facilities 
in many of our offices. 
mHEgin While we’re well 
WHjBK established in the 
^ h| United States, the Far 
East and Australia, 
we plan to expand 
even further 




* 


Now there are 27 market- 
makers, a completely new tier 
of inter-dealer brokers and a 
group of half-breeds known as 
broker-dealers. 

The aim of the new market 
structure from the Govern- 
ment and Bank- of England 
point of view is primarily to 
boost tbe market’s liquidity. 
Though the gilts market w£U 
never come near the massive 
volume of the US Treasury 
bond market tbe funding 
opportunities opened to the 
Government by a larger, more 
liquid market should be 
greater than in the past 


^overseas. 

Because we 
are independent. 


we will never impose a predetermined 
pattern of trading on our clients. In our view, 
flexibility is the surest policy*. 

So whatever the she or complexity of 
your order; talk to Smith New Court. 

A J. Lewis, Chairman, 

Smith New Court PLC. Smith 
C hetwynd House, It! i 1 H 

24 St. Swithin’s Lane, jV 17 W 
London EC4N SAT _ T* 

Telephone 01-626 1544. COURT 
Telex SS4410. 



From the market 
participants' viewpoint the 
aim is to make money. They 
are less obviously likely to 
achieve their object than the 
Government 

It is clear from their capital 
base alone that market-mak- 
ers are adopting different 
strategies. While the biggest 
players such as Barclays de 
Zoete Wedd and Salomon 
Brothers are gunning for a 
sizeable share of the whole 
market smaller operators are 
aiming for a niche in one pari 
of the market 


Fast, decisive, independent. 


Naturally, a large contin- 
gent of the new market- 
makers are British. The 
Americans form by far the 
largest non-British contingent 

The market-makers will be 
dealing as principals and act- 
ing as brokers distributing 
stock to diems. What makes 
them special — as distinct 
from the broker-dealers, for 
example — is their relationship 
with the Bank. It is they who 
will deal directly with the 
Bank and bid for new stock 
when it is issued. 

The Bank is already think- 
ing of ways in which to exploit 
the opportunities offered by 
this new market structure. 

Though the market-makers 
are the essence of tbe new 
structure, the entirely new tier 
of inter-dealer brokers could 
rapidly become crucial to their 
functioning. Tbe six IDBs. 
also separately capitalized, do 
not act as principals but match 

deals between market-makers. 

There has been much debate 
over whether they are needed 
at all. 

Those against them argue 
that there is no point dealing 
through an IDB when you can 
deal direct with another mar- 


ket-maker and avoid toe 
EDB's commission. 

. But supporters of the IBDs 
say that the anonymity they 
provide — IDBs do not reveal 
the identity of their counter- 
parties — offers an excellent 
mechanism for market-mak- 
ers to unwind large positions 
without advertising their op- 
eration to the whole market 
Equally, they argue, market- 
makers have access to screens 
on which each IDB advertises 
his prices which should make, 
fora more efficient market 
The potential importance of 
IDBs was demonstrated in the 
two gilt market rehearsals held 
in tire run up to today. 

Both times, roughly half the 
turnover went through IDBs. 
Yet even those who support 
their role doubt that there is 
really room in the market for 
all six. .Most participants be- 
lieve that the market can 
support about half that 
number. 

There is also, to be a layer of 
halfcasts known as broker- 
dealers who will deal as prin- 
cipals and act as brokers. 
Unlike market-makers, they 
are not obliged to, make firm, 
non-stop prices but can deal 
when it suits them. Hie other, 
feature distinguishing them 
from market-makers is that 
they have no direct access to 
the Bank. 

On the fece of it the broker- *. 
dealer’s position is an enviable 
one in what is likely to be a 
difficult market. It is the rote 
chosen by Union Discount 
when it dropped, out of the 


market-making ring. But the 
broker-dealers will still have 
to compete with tbe market- 
makers bn the broking side 
without the flexibility ofbefog 
a fully-fledged market-maker. 


Finally come the nine 
money brokers, aheady-famil- 
iar to gilt-market traders. 
Their chief function - is to 
provide stock-lending font' 
ides to smooth die market- 
makers’ task. 


Tbe brokers can, for exam- 
ple. borrow stock from either 
large investors or even mar- 
ket-makers who happen to 
belong and lend it on to 
market-makers who are short 
of the same stock. ' 

The settlement system itself 

is a further new feature and of 
crucial importance. 


Market-makers and other 
market participants will be 
responsible for settlements 
with investors. But between 
market-makers themselves, 
settlement is carried . out 
through the Bank’s Central 
Gilts Office the day after a 
deal is done. A system of 
guaranteed payment has been 
hammered out with the cfear- 
ug banks so thaiseSerscan be 
sure of getting their money. : 

In effect, the banks have a 
diam over the gilts in ques- 
tion if the buyer defiuifts.This 
is symptomatic of the new 
style of the market: formal, 
somewhat legalistic; leaving 
nothing to tradition. 


Richard Thomson 


Systems developed to support, the 


« If ---aww ww uou u/ nj COHJ 

documentation - to build user confidence 
provide support, and ensure smooth and' 

effective system running. 

We believe that user training and 
documentation should work together to 
provide a consistent strategy for effective 
system use. 

7MS Computer Authors are the 
documentationexperts. We have been m 
business since 1982. We have knowiedoe end 
experience of financiaLsysiems arid - 
understand the particular nequireehehtsfor ■ 

user documentation. 

As in aB things, documentation is best 
done by the professionals: ^: 


Computer Authors. 

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Shareholders’ rights in 
secondary issues 


CITY REVOLUTION/9 




x nsj. For many years 
the’ Stock Ex- 
change has re- 
quired that when 
a listed company 
issues new shares 
to raise further cash, the 
existing shareholders must be 
given first refusal of the option 
of putting up the increased 
capital. 

This right can be waived 
only if the shareholders 
specifically agree. 

The principles behind this 
rule, in essence, are: 

• The shareholders collec- 


the rest of the market as best 
and as quickly as it can, with 
no preference given to the 
existing shareholders. 

The US system is the prod- 
uct of different geographical 
circumstances: the size of the 
country and the absence of a 
nationwide press network 
make a general offer to in- 
dividual shareholders very 
difficult to arrange. 

Another factor is the 
method of recording and 
transferring title to share- 
ownership in the US which in 
the past led to widespread use 


lively- are the proprietors of of brokers' nominees as a 
the company, each having a semi-permanent form of 
stake in it proportionate to the shareholder identification, 
number of shares be or she To a great extent the growth 

owns. - of modem communications 


syndicated platings than issue 
costs in Britain. 

In January the Slock Ex- 
change lei it be known that it 
was considering modifying its 
previous insistence on the 
strict pre-emption rights rule, 
recognizing ^tfaai the ability to 
act quickly is important and 
that the cost of new money 
should be a main consider- 
ation”. 

The Stock Exchange admit- 
ted to increasing pressure “if 
they are seen to prevent the 
large new financial groupings 
from using their own financial 


not be diluted without their 
consent. .As the company need 
give no information about the 
size or percentage amount of 
any planned issues, sharehold- 
ers will hardly be in a position 
to make an informed decision. 

They could give blanket 
approval to a large issue at a 
deep discount to third parties 
which not only dilutes their 
interests but also depresses the 
price of the shares they still 
hold. 

By opening the way to 
syndicated secondary platings 
the new ruling also gives a 


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strength to purchase, place or S^teSTS thTreStiVeW 

^fir^ issueswithinU,eir oftSSS 


• Only the individual share- has made these considerations 
holders can consent to any obsolete, but because of the 


m cv hanks and investing conglom- 
ln August the Stock Ex- w hich have both the 

*KS! resources and the dis- 

^ tribution power to undertake 
task of protecting their own w j iat j n ^ jjs are known as 

estois can consent 

emg modified essay shareholders’ waiver 

will be an open target for 
interests. The new regulations propositions from this group. 


arrangement whereby their 
proportionate stakes are 
modified or reduced. The 
directors should not be al- 
lowed to impose any such 
arrangement upon them. 

• When, therefore, the com- 
pany seeks to increase its 
assets by issuing new shares 
for cash, the existing share- 
holders must be given the 
opportunity to maintain their 
proportionate stakes by 
putting up the money. 

9 In the event that any in- 
dividual shareholders are 
unwilling or unable to sub- 
scribe new cash, they must at 
least be given the opportunity 
to obtain value by selling their 
rights to subscribe in the 
market. 


Only individual investors can consent 
to their stakes being modified 


natural conservatism and self- 
interest of the US securities 
industry, which knows a good 
thing when it sees it, the 
distribution structure it pro- 
duced has survived. 

Canada and Japan, for dif- 
ferent reasons, have adopted 
clones of the US system even 
though their underlying con- 
ditions were not necessarily 
the same. 

It is argued in favour of the 
US secondary syndication sys- 
tem that it allows new shares 
to be priced at a much smaller 
discount to the current market 


r. 


allow a company to seek from 
its shareholders at the annual 
general meeting a blanket 
waiver of their pre-emption 
rights for the ensuing 12 
months. 

If this is granted the direc- 
tors are absolved from the 
need to seek approval on each 


By concentrating the han- 
dling of secondary issues in 
the hands of relatively few 
investment banks, the new 
system will in turn make it 
necessary for those investors 
who wish to be offered 
participation in such issues to 
become clients and customers 


London’s modern Stock Exchange 
brokers other than the an offer for sale as the most 


occasion. No monetary or of those banks. This will 
percentage limit is imposed by increase the banks’ power and 


mar keL price of the existing shares 

Matters are ordered dif- than the British system. A new 
ferentiy in the US and in issue will raise a given amount 
Japan. There, the practice is of cash at a lower cost in new 
that an investment bank or a shares, 
syndicate of banks buys the On the other hand fees, 
complete issue from the com- dealing profits and other 
o. , pany and distributes the renumeration covered by the 

oir martin Jacomb: determination behind the words shares among its clients and issuing banks are greater in 


the Slock Exchange. 

The only restriction is that 
specific approval for an in- 
dividual issue must be sought 
if the board is proposing to 
allot, shares to directors or 
their associates or to an exist- 
ing substantial shareholder 
and its associates. The parties 
concerned must abstain from 
voting at the relevant meeting. 

The annual waiver barely 
maintains the principle that 
shareholders* interests may 


standing relative to their 
competitors. 

Private investors who are 
not on the client lists of the 
major issuing and underwrit- 
ing houses will simply not 
have the opportunity to 
participate in new primary or 
secondary issues at the issue 
price. The Stock Exchange 
could do something to redress 
this imbalance by insisting 


issuing broker. 

The same small cartel of 
large brokers and banks is 
pressing the Government to 
amend the Financial Services 
Bill to allow price-supporting 
operations in the market dur- 
ing the currency of an offer of 
shares as is already allowed in 
the Eurobond market. This 
would strengthen their hand 
still more. 

So fer the Government is 
proving less of a soft touch 
than the Stock Exchange 
which signed off a recent 
statement with the wan 


that a substantial pan of any observation: “The Council of 
secondary placing are allotted the Stock Exchange still regard 


equitable method, and fully 
support the concept of pre- 
emption.” 

The Slock Exchange can 
aigue that if the investing 
institutions wish to maintain 
the present system, which the 
Slock Exchange Council *iiiUy 
supports”, in word if not in 
deed, they can refuse directors 
the blanket waiver they seek. 

Whether the institutions 
and their investment protec- 
tion committees will have the 
stomach for constant guerrilla 
warfare in defence of investor 
interests is doubtful. 

John Hollis 


at the heart 


When 1' suggested to Sir 
Martin Jacomb that he was a 
thinker, he laughed before he 
disagreed. But there is some- 
thing about this softly spoken 
man that distinguishes him 
from die more bmnbastic fig- 
. ures 'who have tended to 
< characterize the City Revolu- 
tion. For one thing, be mast be 
unique within the square mile 
for having changed jobs intiie 
last 18 months for a cut in 
salary.. ... 

Sir Martin, who was 
knighted in 1985, has a sharp 
inquiring mind which was 
honed at the Chancery Bar in 
the 1950s and 1960s. It was 
then pot to good nse at 
Kfeinwort Benson, where he 
rose to the heights of rice- 
chairman before he joined 
Barclays Bank as one of three 
deputy chairmen in 1985- His 
primary role was as chainnan- 
deslgnate of Barclays de Zoete 
Wedd, the embryonic securi- 
ties arm of the pic. 

This appointment was 
treated with interest When 
the Jrirth of BZW was an- 
nounced, the pundits scoffed, 
saying that a clearing bank 
would never be able to nurture 
a securities business to suc- 
cess. The antipathy between 
broking and banking philos- 
ophies would make it impos- 
sible, they thought, for BZW 
to become one of the leading 
British securities houses able 
to stand up to the American 
and Japanese Goliaths. 

• The fact that Sir Martin’s 
appointment as heir-apparent 
at BZW was coupled with a 
position on the main board of 
■ the bank comforted many. 
■The}- felt that this pot him in 
an ideal position to protect the 
interests of the securities op- 
eration . against the more 
bureaucratic and_ less en- 
trepreneurial habits of the 
. clearing bank. 

■ : Sir Martin's training in the 
City was as a merchant 
banker. There are many who 
would say that even this 
profession is for removed from 
the more pragmatic world of 
securities. - 

. . Though' it is still early days, 
.the profitability of the securi- 
ties Operation has not yet, for 
.example, had to be justified to 
the Barclays board. BZW as a 
free-standing unit appears to 
have gained acceptance. 

in a situation ^ where new 
-entrants are coming into the 
market, it will not be possible 
for the old players to earn soch 


high returns on their capital as 
In the past 

Sir Martin is aware of the 
discomfort his follow bankers 
and brokers feel bat I suspect 
that he thinks that this is no 
bad thing. 

The changes now underway 
were necessary bat needed a 


threat within the European 
time zone. He is watching to 
see whether the regulatory 
changes in the Frankfort mar- 
ket which took place at the 
end of 1985, wiO lead to a 
drain on business in London. 
American houses are Increas- 
ing their presence in Frank- 




mm 


catalyst He believes that the fort, but not yet at the expense 
coarse of events in the City of the London market 
was inevitable. He says: “Brit- Sir Martin befieves dual 

fob firms were in danger of capacity- should be seen as 
drifting into a backwater.** He being of benefit to the rffrnf, 
had observed the trend to- adding: “The system will work 
wards the securitizing of bank as long as clients are aware of 
debt and recognized the need what yon are doing. However, 
for banks to become folly we will lose business if it is not 
integrated securities done well” 
businesses. It is a well-known secret 

Big Bang itself was pretip- that the Securities and Invest- 
itated l y the agreement to end rnents Board had set its sights 
restrictive practices between on Sir Martin as its chairman, 
the Government and the Stock But he prefers to play second 
Exchange. At that stage, the fiddle as deputy chairman, 
direction in which the London He believes strange things 
market had to move was dear, banntn m wh»n ^ 


direction m wnren me umnon He believes strange things 
market had to move was dear, happen to people when they 
trace the floc^ptes were are put in a regulatory mould; 

cumbersome rules seem an 
ffoiTof water” ^ ^ inevitable consequence. 

He admire that the wider 111 the case of some of the 
implications of the Parkinson- likely rulings on practices in 
Goodison accord were not the securities business, they 

will also be costly to admin- 

* 1 ,: ister. He says: “I do not enjoy 

atrange t h i n gs can making rules or governing my 

happen to people fenow 

Sir Martin has been tipped 
. „ as a totnre Governor of the 

Wholly understood. For exam- Bank of England, but his 
pie, the amount of capital dislike of regim entations may 
needed to establish an inter- yurAe this less likely. 


When it comes 
to management 
buy-outs, 
Peat Marwick 
wrote the book. 


national securities business 
was vastly underestimated. 


Though there are those who 


■asrassctii S&JSrJtttC. 5 

pinnae rather late in the day ™P “® 

andare starting at a d J *L : belj . eTCS 

advantage. SirMartin says: 5“®* ® B ? lo ? k f JL! **“ “ “ 
“M^rSf them are raler- !SL“ u rt . 


capitalized and do not have a 
strong flow of domestic 
business. 


erates. He expects a fell-out in 
due course. “A number of 
medium-size companies will 


“They ba,e do expafence of 


operating in a dual-capacity 
market US investment hanks 
in contrast have very high 
standards, understand toe 
market and are adequately 
capitalized.” 

Sir Martin speaks freely 
about the Nomuras and 
Merrill Lynches of this world. 
“It is most important to be 
aware of the competition,” he 
say's. “Nomura is capitalized 
at a figure close to that for the 
whole of the Hong Kong stock 
market. Moreover, the ability 
of the Japanese to adapt 
should not be onder- 
esti mated.” 

He is less complacent than 
many about the possibility of a 


about 24 months’ time,” he 
explams. Others will soldier 
on for a little longer. 

From some of his remarks, 
the outlook for British booses 
might appear bleak. However, 
be appears to have taken up 
the gauntlet. “There is,” he 
says with only n slight touch of 
hesitancy “a great future for 
the London market.” 

As for BZW, his chosen 
steed, he says almost coyly: “I 
want to help make it a great 
success.” His delivery should 
not however, be seen to mask 
the determination behind this 
statement 

Alexandra Jackson 


I 

write 

/ 

1980 

with 

buy- 

betw 

1 

more 

A 

and 
a do 
traett 
oppe 
gain 
share 
their 
T 

attrac 




ling to end. 
ing your initial 
:ing up the finan- 
fll need to give 
lendent company 
ccess. 

advice on the 
L tax implications 
icing you to the 
;ht financial in- 
titutions- 
You may well 
be surprised at 
how little money 
you need to put 
up yourself. 

A free copy 
of the book will 
be sent to you 



MARWICK 




You have a partner at Peat Marwick. 














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40 


THE TIMES MONDAY OCTOBER 27 1986 


CITY REVOLUTION/IO 




Even those “in 
the know” 
about Big Bang 
are not yet fully 
aware of what 
Pandora will be 
letting ont of her box. Many of 
the major players are remark- 
ably vague and content to 
“suck it and see". 

In the past, the unique 
separation of the function of 
the stockbroker (agent) and 
the stockjobber (principal) 
significantly reduced conflicts 
of interest within a single 
organization. 

With organizations which 
fulfil both functions a new and 
much more powerful conflict 
is brought into the system: 
own capital versus client's 
capital. 

The official bodies in the 
UK. both self-regulatory and 
free-standing, are increasing 
by the minute and are begin- 
ning to Hex their musdes.Tbe 
Financial Services Bill is ex- 
pected to be law by Christmas. 

However, compliance 
departments typically employ 
individuals from within the 
organization. They them- 
selves have a conflict of 
interest since they are. not 
directly accountable to an 
outside body. 

Colin Condren, compliance 
director of Barclays de Zoete 
Wedd, divides conflicts of 
interest into two main 


The dangers 
lurking in 
Pandora’s 


taunt (Mitair 


money box 


categories. 
First,! 


-irst, there are those which 
involve the possible flow of 
confidential information from 
one part of an oiganizanon to 
another, for example between 
corporate finance and market- 
making departments. 

Secondly, there are conflicts 
caused by the possibilty of 
sympathy or identity of ac- 
tion. The role of an invest- 
ment man ager in the event of 
a take-over bid is an example. 
Indeed, over and above the 
pressures which could be 
bought to bear by the cor- 
porate finance department, it 
is not inconceivable in a 
broadly based organization 
that considerations such as 
loss of clearing tank business 
could interfere. 

Passing of confidential 
information is reasonably easy 
to contain as physical separa- 
tion can play a major pan. 
The Chinese Walls which 
have taxed imaginations as to 
their structure have a part to 
play here. 

The second category is more 
insidious and will be difficult 
to guard against. With all the 
goodwill in the world it is 
going to prove difficult for 
securities organizations to re- 
sist the temptation to com- 


pensate for the loss of income 
which will undoubtedly follow 
the abolition of stockbrokers' 
fixed commissions. 

Although most of the big 
securities houses have given a 
significant amount of thought 
to the problems, many do not 
want to set everythingdown in 
tablets of stone. Peter Barton, 
joint bead of corporate finance 
at Sbearson Lehman Messel, 
does not necessarily see con- 
flicts as being a bad thing. 

However, he admits that the 
client agreement must make it 
clear that conflicts might exist. 
He says: “We must recognize 
our ability to react to experi- 
ence. In the early days, we will 
err on the side of caution in 
order to protect fully the 
interests of clients. However, 
we must also be allowed to 
carry on our business.’' 

Not surprisingly, this is a 
view widely held by organiza- 


marketing tool: perceived or 
actual independence appeals 
to clients who are worried 
about what life after Big Bang 
will bring. 

Avoiding employees finding 
themselves in situations 
where they have a personal 
conflict of interest is also very 
important 

Sbearson Lehman Messel 
will be circulating a set of 
house rules taking into ac- 
count the pronouncements of 
the appropriate regulatory 
bodies. To prevent any con- 
flicts in employees' personal 
dealings, “stop lists'* and “re- 
fer lists” will be circulated 
containing the names of 
securities in which employees 
either cannot deal at all or 
must seek clearance before 
dealing. 

Although the motives be- 
hind this are undoubtedly 
honourable, it will have the 


6 There could be a temptation to let 
a vital piece of information slip? 


tions which incorporate the 
functions of stockbroktng, 
stockjobbing, merchant bank- 
ing, clearing banking, fund 
management and market- 
making. 

Others have chosen to re- 
main independent Baring 
Brothers, the merchant tank, 
has derided not to go down 
the market-making/dealing 
road James Lupton, a cor- 
porate finance director of 
Baring, sees the biggest con- 
flict being between market- 
making and corporate finance 
rather than with the broking 
and distribution side of the 
business. 

“There are insuperable con- 
flicts of interest,” he says. 
“The pressure is too great 
when it is your own money. 
There could be a temptation 
to let a vital piece of informa- 
tion slip.” 

At present, for the purposes 
'of winning new clients, in- 
dependence is an ideal 


effect of preventing dealings in 
stocks purely because of the 
conflict of interest caused by 
the existence of a corporate 
relationship under the same 
umbrella. 

The bigger houses will be 
particularly vigilant in order 
to protect their good name. 
“We will have to be seen to be 
observing 1 10 per cent,” says 
Mr Condren, of Barclays de 
Zoete Wedd. Not only is he 
issuing circulars to employees 
making them aware of the 
issues out be is also holding a 
series of surgeries for employ- 
ees to discuss what they 
perceive to be the conflicts of 
interest. 

A great deal of attention has 
been paid to the fortunes of 
institutional and private cli- 
ents after Big Bang. Not so 
much coverage has been given 
to corporate clients. Sbearson 
Lehman Messel is organizing 
teach-ins for corporate clients 
on the technicalities of mar- 


ket-making but there are 
many corporate diems who 
are uncertain about the useful- 
ness of the changes which 
deregulation will bring. 

In a corporate finance 
relationship the possibilities 
of malpractice are consid- 
erable. Robert Napier, finan- 
cial director of Redtend, the 
international building materi- 
als group, says “There could 
be an accidental nod or wmk 
at the morning prayer 
meeting.” 

There is also the possibility 
of the different pails of the 
conglomerate finding them- 
selves on opposite sides in a 
bid. The dient would lose out 
as it would be obliged to seek 
alternative advice at the 11th 
hour. This could lead to a 
trend whereby companies 
chose independent advisers at 
the outset 

Mr Napier sees other dis- 
advantages; “In the past the 
system worked efficiently. An- 
alysts provided a good flow of 
information to the market. 
Now, with the juxtaposition of 
agents and market-makers, 
there could be grounds on 
which to question their 
motives.” 

Some regulations in this 
area look as if they will be 
suprisingly difficult to en- 
force: 

No doubt based on the 
analogy that a good vintner 
does not recommend a wine 
which he then fails to stock, 
the current SIB ruling permits 
a market-maker to assess the 
likely demand for the stock 
and to buy accordingly. The 
condition is that he does not 
move the price. The research 
document will note that the 
firm is a market-maker and 
could have adjusted its pos- 
ition to take account of this 
change of recommendation. 
The practical difficulties of 
acting within these bounds are 
manifold. 

From the point of view of 
both the corporate client and 
tiie institutional investor, the 
natural response to a discov- 
ered conflict of interest which 
works against his best interest 
is to take the business else- 
where: As long as clients are 
reasonably understanding of 
the difficulties currently feeing 
the City, there is no reason 
why a modus vivendi should 
not be achieved. 

There will be hawks at every 
comer on the look-out for 
someone to step over the line. 
When this happens, as it 
undoubtedly will, the atten- 
dant publicity will probably be 
much more damang ing than 
the misdemeanour itself. 

Alexandra Jackson 




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Cheers: a straw-hatted greeting with champ a g ne for lunch clients at Sweetings* the famo us City eating house 


Take-over Panel’s new role 


The Take-over Panel, at an early stage oft 
the examination of the new regulatory 
structures, was tented to apply for 
statutory barking te the specialized firfd 
in which it operates. It declined, prefer- 
ring to rely on its powers of moral 
persuasion. 

The conduct within the market of 
parties to take-overs will continue to be 
regulated outside the statutory regime, 
or, that is the hope. 

Any early indication of the difficulties 
this approach may create arose when, 
late te 1985, die panel issued a 
consultative circular attempting to find a 
formate to deal with the problems that 
may arise in future, when the corporate 
finance anus of multi-service 
conglomerates, which also own broking, 
market-making and fund management 
operations, act on behalf of corporate 
cheats m take-overs. 

The essential problem, as the panel 
saw it, was to define the acceptable mores 
of behaviour of the broking and market- 
makmg divisions mad the extent to which 
they Mould be regarded as 
concert with the party 
corporate finance am is advising. 

For the broker, it was suggested that it 
should be snffident to require disclosure 
of aH discretionary deals done by a 
broker associated with a subsidiary to the 
merchant bank acting in the deaL The 
market-making arm of the group was 
thought to present more serious 
problems. 

The panel concluded, after examining 


the best current practice in tike US, that 
the oaly watertight solution would be to 
regard all dealings on principal account 
by a market-making arm of the adviser as 
associate deals. 


This would ban all deals above the 
offer price and require detailed disclosure 
of all deals. The market-maker's book 
position would thereby be totally open to 
its competitors. 


There would also be a total ban on the 
market-maker passing stock from its 
book to the offerer. The panel conceded 
that this rigorous approach could have 
unpredictable consequences for market 
liquidity. 

The intending market-makers g reeted 
the panel's suggestions with dismay. And 
it appears they may be watered down to 
allow dealings to continue subject to 
reporting requirements and to monitoring 
by the authorities. 


This episode was concluded with a 
virtual surrender by the panel. It has 
agreed that those conglomerates w hich 
act regularly and frequently as corporate 
finance advisers, market-makers and 
fond managers may be regarded as 
haring effective “Chinese Waite” in 
place unless monitoring of these activ- 
ities moves otherwise. 


the 

panel's anomalous position within the 
new framework of regulation. The pane! 
owes its authority to the support of 14 
business associations within foe City. 


Most of these win have ao „ 
authority within the new regime ami 
see the bulk of their membership a w tfton 
within one or other of the amerris 
regulating organizations (SRO*). 

<X these, the Stock Exchange, 
its existing rules, specifically states fori 

a breach of panel regulattew fa saftideri 
canse for disciplinary action. 

There te no Indication fori the 
Securities and Investment Board wflB 
require a similar provision te foe ndfo «f 
SROs or will seek to impooe ene knit. 
Without such SIB backlog ft fa easy to 
see even the Stock E xch a n g e ba ck te g 
away from its overt cWWfo mc ri to foe 
panel under pressure from Ms newly 
acquired conglomerate me mb ers. .. 

Another factor is that aU rules of foe 
SIB and of foe SROs are subject to 
clearance by the Office of Fair Trading 
on grounds of competition. The OFT an 
require foe reversal of any rale which l 
finds unduly r es trictiv e unto* foe 
organization concerned can show fori it 
is vital for Investor protection- 
No such scrutiny would apply to rales 
written by the Take-over Panel although 
they too might be construed as anti- 
competitive. The possible restrictions on 
market-making te take-overs coaM be 
r e gar de d hi Just sack a tight. . “ 
Apart from tire pressures ariateg from 
foe new macho style of conducting take- 
overs, foe panel's position w ttain « 
regulatory framework, based on statute 
rather than on consent, canid became so 
anomalous as to be untenable. 


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INTERNATIONAL, INTEGRATED, 
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S.G. Warburg & CaLtd. 

MERCHANT BANKING 



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Warburg Securities 


& G llarbung,.ikroyd, Rmve & Pitman, 
Mullens Securities Ltd. 


SECURITIES ISSUING, DISTRIBUTION 
TRADING & RESEARCH 



840 

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Mercury Asset Management Ltd 


INVESTMENT MANAGEMENT SERVICES 




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LONDON • NEW YORK • TOKYO - GENEVA - ZURICH • BOSTON 
SAN FRANCISCO - JERSEY • HONG KONG • MELBOURNE • SYDNEY 



•** 














THE TIMES MONDAY OCTOBER 27 1986 


41 


((F(k:ijs 1) 


CITY REVOLUTION/I 1 


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Cheers: futures market traders bedecked with badges and stripes take a glass In the open at the Greenhouse 


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!»«§§«* The forgotten companies 


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John Hollis reports 
on how today’s big 
changes in the way 
the City operates will 
affect the listed 
companies 

In all the dis- 
cussions and 
comment on 
the likely effects 
of Big Bang al- 
most no atten- 
tion has been paid to the effect 
on companies whose shares 
are traded in the market. 

The- City and the financial 
press have shown themselves 
in their most introspective 
light. In Partiamentary de- 
bates the focus has been on the 
City and on its relationship 
with the investing public. 

This is odd. While it is 
possible, at least in theory, to 
have a stock exchange trading 
system without brokers or 
other intermediaries, a stock 
exchange without listed shares 
is inconceivable. 

A non-financial company 
whose shares are publicly 
traded is a direct customer of 
the market in two capacities: 
as an issuer of new shares. 


or other administered funds, 
their position will be no 
different to that of other 
.substantial investors. 

The conflicts of interest 
inherent in the new multi- 
capacity groupings, which are 
likely to work generally to the 
advantage of issuers of shares 
rather than the buyers, may 
require caution on the part of 
investors. 

. So .far as new issues are 
concerned the underlying 
presumption in the 
government's White Paper 
was that law and practice 
relating to the issue of shares 
will remain substantially un- 
changed. The Financial Ser- 
vices Bill substantially 
confirms this impression, 
vesting authority in this key 
area of investor protection -in 
the council of the Stock 
Exchange. 

The development of multi- 
functional investment houses 
. on US lines and the barely 
concealed ambition of some 
American houses to make 
their mark in UK corporate 
finance may bring marked 
changes in practice. 

In Britain in the past the 
standard method of distribut- 
ing the securities ofcompanies 
not previously listed has been 


Quite a different system 
operates in the US, Canada 
and Japan. There a selling 
syndicate of investment banks 
or one house acting alone bids 
for the entire issue on its own 
account and then distributes 
the shares to its own clientele 
and to the markeLTo confuse 
the issue, this operation is also 
known as “underwriting”. 

For companies seeking list- 
ing either for the first time or 
for additional shares there are 
obvious short-term advan- 
tages in moving to the US 
procedure. In the longer term, 
a system of syndicated sales of 
new issues may tend to con- 
centrate distribution power in 


new class of self-proclaimed 
independent investment re- 
search boutiques who give 
advice but do not themselves 
deal in the market These will 
seek to obtain remuneration 
from fees based on the value 
of sums under management 
with performance bonuses. 
They too will be reluctant to 
publicise their recommenda- 
tions outside their clientele. 


Just what the US 
invaders want 


whetheftyan initial flotation press, 

or by a subsequent secondary" public relations and advertis- 


the bands of relatively few 
conglomerate groupings to the 
detriment of existing relation- 
ships with corporate finance 
advisors. 

This of course is exactly 
what the American, invaders 
hope will happen. 

Investor perception of a 
company is generally in- 
fluenced by analysts' opinions 
which are often given wider 
currency through tbe financial 
Corporate and product 


issue, and as an investor -in 
securities other than its own, 
either on its own account or 
for its pension fund account. 

Listed companies also have 
an obvious concern in the 
public perception of their 
performance as reflected in 
their share price and in com- 
ment by analysts and by the 
financial press. 

These factors can affect a 
company's cost of raising new 
capital and will have a bearing 
on its position should it 
become involved in a take- 
over. They are also a reflection 
of the public view of the 
quality of a company’s 
management. 

Where companies use the 
market as investors, whether 
for their own account or an 
account of their pension funds 


tion forms are made widely 
available by newspaper 
advertisements and through 
the issuing bank and broker. 
Effectively this system by- 
passes the market machinery 
in tbe initial distribution. 

Similarly, the established 
British system for issuing 
subsequent tranches of shares 
for cash is that of the “rights” 
issue. The company issues 
subscription forms direct to its 
current shareholders ' in 
amounts proportional to their 
existing stakes. 

In both cases the issue is 
generally, though not invari- 
able, underwritten by institu- 
tional and other investors 
who, for a fee, take up shares 
not absorbed by the public. 
British underwriters are essen- 
tially guarantors. 


mg plays a part. The new 
structure of the securities in- 
dustry will introduce certain 
new factors into the equation. 

Brokers who have hitherto 
regarded research as a shop 
window to attract business 
may find this exercise too 
expensive when it can no 
longer be subsidised by fixed 
rate commissions. Alter- 
natively, if a direct or indirect 
charge is made for research 
brokers may be less ready to 
publicise and distribute re- 
search other than to paying 
clients. 

Research by brokers and 
other insiitutuions may . be 
viewed with suspicion if the 
originations are known or 
suspected to have positions in 
the stock recommended. 

There may be a growth of a 



MURRAY JOHNSTONE - 

one of the most successful investment managers 

IN THE OVERSEAS MARKETS 


Perhaps more influential in 
moving stock than analysis’ 
recommendations may be the 
activities of the army of retail 
salesmen employed by tbe big 
US “wire-houses” and the 
Japanese securities houses. 
This factor is most noticeable 
when the broker has taken up 
stock as underwriter (US 
style)’ of a primary or second- 
ary new issue: 

Retail salesmen may * be 
offered special internal rates 
of commission-share when big 
lines of stock have to be 
moved in a hurry. This prac- 
tice could obviously be preju- 
dicial to the firm's retail 
customers but if anything, 
works to the advantage of the 
company whose shares are 
being promoted. 

There is no evidence yet* 
that any of tbe new UK 
groupings are planning to 
establish -retail networks: 

. A possible development 
under the new system is the 
e m er ge nce of a class of invest- 
ment consultants and research 
boutiques who sell investment 
advice or investment manage- 
ment services but who will not 
themselves be dealers in 
securities. - 

To the extent that the 
^changes in London market 
structures lead to growing 
investment interest across na- 
tional boundaries, companies 
on tbe one hand will .find a 
wider potential market for 
their shares, while on tbe other 
they will face competition 
from, major international 
companies for investor and 
analysts' attention. All of 
them win be looking for a 
broad shareholding base with 
strong institutional participa- 
tion and a highly liquid mar- 
ket in their shares. 

Outside this charmed circle 
many of tbe present UK listed 
companies wfl] be relegated to 
a second or third tier of 
importance and be of purely 
national or even local signifi- 
cance. Some companies may 
feel more comfortable id such 
a position; others may desire 
to attain the top rank. 

To the extent also that 
brokers and other originators 
of research may be less willing 
|Mo share their findings with the 
financial press, companies 
who are outside the top group 
and who wish to secure press 
coverage of their activities and 
prospects will have to find 
new ways of communicating 
with financial journalists. 
They will no longer be able to 
rely on analysts alone to 
spread their message. 


S«-|gRAy EUR OPEAN ftftip. « 

” second - 

. - performance fnobtamrijg v 
^long-term growth of rapifof&orii- V 
' . investments in ctmiJinmtaJ " , =•' 

• . Europe . ; .; v : 

mm AY rAR < 1 

■ri- ,*• 

'• hwndied in Novera6«'l985 < . ' 

:• ■ v ' 'lies coni® 

.. _. irwestmen I in Japkn arid the ^ W 

' *; specialised markets*# ffo? 

Pacific basin v K 

& ImntRAy AMES irANfoND : 

^ a difficult field , 

* ^48^over$yeMs , * 

ttSacnd third masecioroffiO*:. 
"v^nraarthin both v ; 

jscoe vtras achicvt?d through . .. 
}pct iye in veslinen ( in IJS • • ; j : 


Murray Johnstone's considerable 
expertise in overseas investments 
follows a long history of success in 
investment trust and pension fund 
management. With £3 billion under 
management worl d wide, we are 
certainly no newcomers to 
international markets. 

Since 1978, we have applied this 
expertise to unit trust funds which are 
now a growing part of our business. 

As you can see. our resu Its and 
consistency just cannot be ignored. 

If you would like to know more 
about Murray Johnstone’s unit trusts 
and to share in our international 
success, please post the coupon be]oiv 
or contact Bob Burgon on 041-221 9252. 

"Source: Planned Savings, offer to bid to 
l October 1986 (net income reinvested J. 


I To: Murray Johnsione Unit Trust Management j 

Umi led. FREEPOST. Glasgow C22BR- . , 

Tel: (HI-321 9252. TZ 7 r° | 

' PlrnM 1 srnil mr drloiN i if Aturrar {uJitoJunr'K ranp' 

J of unit trust* . J 




I 


MURRAY | 
JOHNSTONE} 



The first spark 
of Kg Bang 
came from the 
Office of Fair. 
Trading in the 
form of an 
instruction to the City to rid 
itself of the fixed commission 
system used by generations of 
stockbrokers for all share 
transactions. 

In theory it means that from 
today all commission charges 
are negotiable. But in practice 
the otaly stock market players 
with negotiating power will be 
tbe insfatnitonal food mangers 
employed by insurance com- 
panies and pension foods, who 
manage portfolios worth hun- 
dreds of millions of pounds. 

The private investor who 
perhaps looks after a small 
family portfolio of a few 
thousand pounds, or who only 
started dabbling in stocks and 
shares post-British Telecom, 
will now be faced with - a 
confusing array off agressSvely- 
marketed services — each with 
a different commission rate. 

And, at the end of the day, 
the small investor will almost 
certainly end op paying more 
for tbe service than in tbe past. 

“Big Bang has os all 
sit down and cost oar 
services,” says one leading 
stockbroker. “For years the 
big boys subsidized toe small- 
er players bat from nowon yon 
will get only what you pay 
for.” 

It is estimated that tbe big 
boys will be able to reduce 
their annual commission bills 
by at least a third. L. Mess el, 
the broker, has even agreed to 
act for one mnlti-billiOD pound 
institution free of charge. “It is 
a very, very big client and we 
hope to be able to make oar 
money on the nurMunaUng 
side,” says Mark Cannon- 
Brookes. 

Other institutions wiB have 
negotiated a commission rate 
of around 0.2 per cent, against 
an average of 03 per cent in 
the past This means an 
average saving of £1,000 on a 
£1 million transaction- The 
bigger the institution the bet- 
ter toe deal it gets. 

■ “It’s very hard to lay down 
hard and fast rules; we're all 
going to be very Enoch feeling 
our way,” says Hugo Robson, 
a' director of Kleinwort 
Grieveson. 

j When the American finan- 
‘dal markets went through a 
similar transitionary period — 
May Day on May 1, 1975 — 
securities traders began by 

p u tt i ng E BS ti adi Ptl C M— is - 

shms by 25 percent. Within a 
few weeks the iastitetimis had 
forced a 60 per emit reduction 
on tbe old rate. And .private 
investors eventually ended up 
paying 25 per cent more. . 

Despite a few early optimis- 
tic forecasts that Big Bang will 
mean cheaper share dealing 
for all, tbe British securities 
world is fikety to follow a 
similar pattern. 

Most stock broking firms 
say they wfl) continue with toe 
estistmg commission structure 
for private clients “for tbe time 
being”. That is, 1.65 per cent 
on transactions worth op to. 
£7,000; 035 per cent on the 1 
next £8,000; and 05 per cent 
on anything over £15,000 and 
up to £130,000. 

Minimum charges of be- 
tween £5 and £25, depending 
on tbe broking firm, are being 
maintained and even increased 
so tbe com miss ton rate being 
paid by small shareholders 
will, in percentage terms, be 
very mach higher. If you got . 
the minimum non-priority 
£200 allocation of TSB shares 
you coahl pay up to 125 per ■ 
cent cbmmissiOD if you sell. 

The emergence of the “no 
frills” telephone share-dealing 
service now being offered by 
several City firms is toe only 
method by which share deal- 
ing for private investors will be 
markedly cheaper. 

AM you need before you deal 
is fn identity card from your. 


The Genera] Elector Company pic. 
Tumowri in uvu ending 
TIMoKh rA«twi,n.n*M 
Source Annual Rtf-InT 1 7 6b. 


chosen firm which is issued as 
soon as yov bank, or some 
other referee, vouches that you 
are credit-worthy. But you 
have to know exactly what yon 
want to buy or sell because 
there won't be anyone at the 

end of the phone to give advice. 

Tbe only firm prepared to 
give bask advice to telephone 
clients is Leeds-based 
Redmayne-Bentley which has 
doubled its 4,000 client base 
since it launched Share Card 
in March. “We won’t be 
spending hatf-an-hoar chat- 
ting with clients on the phone 
but we will have time to talk 
for two or three minutes about 
the stock they propose to buy 
or seU,” says Bob Howe, a 
partner. 

His firm has increased its 
minim um charge from £7 to 
£10. which covers all trans- 
actions up to £666, though it 
will carry out safes trans- 
actions umler £250 at a special 
rate of £8. For deals over £666 
and up to £7,000 ft has red need 
its rate to 15 per cent and on 
deals up to £20,000 it charges 
05 percent Commission rates 
on anything above that are by 
negotiation. 

Kleinwort Grieveson's 
Sharecall system — which 
even has a Freephone number 
— charges* straight 1 per cent 
on all transactions with a 
ceiling on toe commission of 
£100, regardless of toe size of 
the transaction. The minimum 
fee is £12, which makes it 
more expensive for very small 
deals, but potentially much 
cheaper for larger ones. 

Hoare Govett, which 
launched tbe first “no frifls” 
. service with its Dealer Call in 

More shopping 
around needed 

July last year, has also 
stepped up tbe minimum 
charge from £10 to £1250. 
Rates thereafter have simi- 
larly been cut to 135 per cent 
on transactions up to £7.000; 
0.45 per cent on transited 
of between £7,000 and 
£25,000; 035 per cent on 
anything over that and up to 
£250,000, and 035 per cent on 
transactions over £250,000. 

“Most of our Dealer Call 
transactions come in the 
£1,000 to £7,000 bracket and 
tbe redaction from 1.65 per 
cent to 135 per cent means a 
saving of £20 on a transaction 
of, say, £5,000,” says Alan 
lzzard, a director. 

If you're after a more tra- 
ditional stockbrokmg service 
where yon actually get to meet 
the man yon talk to on the 
telephone, where records of 
transactions and dividends are 
kept for yon on a' computer, 
indexed in readiness for your 
capital gains tax bill, you 
must, more than ever before, 
shop around. 

Ueinwort Grieveson has in- 
creased its annual fees for 
portfolio management — mini- 
mum size £100,000 — to 
between £5 and £20 a holding, 
depending on the degree of 
service required. Bat even so it 
means that for a £200,000 
portfolio of, say, 20 holdings, 
yon may still only have to pay 
a fee of £100 a year. 

Hoare Govett says its port- 
folio management service will 
now be between 10 and 15 per 
cent cheaper above the £7,000 
leveL And Abu lzzard, Hoare 
Govett's director responsible 
for private clients, says be sees 
no reason why share dealing 
should become more expensive 
for the small investor. 

Not everyone in the City 
shares his optimism however. 
Brian Tore, of James CapeL, 
tbe broker, says: “It will 
certainly be possible to pay 
tess. If you simply want to deal 
and don't want any help ft wfl] 
be cheaper. But if yon want 
advice -it certainly won't be 
cheapen ft will probably be- 
come more expensive. 

Carol Leonard 


THORN EMI 

Thom EMI pic 
Turnover in yrdi end trip 
31 March l**Sn £3.310 . WOaiOO 
Source. Annual Report 10 7. 60. 


Campaigning in the country 


The National Investment 
Group is made up of seven 
country brokers, three of' 
whom are in the South-West, 
one each in Bristol, south 
Wales and Birmingham. The 
seventh, Harrison & CO, has a 
.chain of offices in Lancashire 
and Yorkshire. They cover. 16 
towns outside London. 

In this case the institutional 
backing comes from Royal 
Insurance and the connection 
to the centraT market through 
a stake held by Smith New 
Court, the- only big London 
jobber that is not wholly 
owned by an institution out- 
side the Stock Exchange. 

Again. Smith New Court 
will be a source of research 
information to its country 
associates. Relations between 
the seven country firms and 
Smith New Court's core mar- 
ket-making activity will be 
particularly dose. Smith New 
Court's overseas dealing of- 
fices will give direct access to 
international markets. 

A few larger country firms 
have sought institutional 
backing on their own account, 
without federating with oth- 
ers. Notable among them are 
Slock Beech (Bristol). Tilney 


(Liverpool) and Bell Lawrie 
MacGregor (Edinburgh). Oth- 
ers have joined groups centred 
on institutions which have 
also acquired London brokers. 

One firm. A.H. Cobbold 
(Winchester and Southamp- 
ton) has been taken over by an 
Australian broker, m which 
Elders IXL owns a 50 percent 
stake. 

Among the bigger London 
brokets the stress is more, 
though not exclusively, on 
discretionary portfolio 
management schemes. Most 
are taking elaborate pains to 
insulate this part of their 
ousiness from their market- 
making dealing and corporate 
finance activities. 

Kleinwort Grieveson 
Investment Management, for 
example, is careful to point 
out that it will look to outside 
sources for research, and to its 
parent company's research 
department. It will also be free 
to place orders anywhere in 
the market. 

Some brokers arc offering 
instant execution services to 
selected private diems. At 
Phillips & Drew this is cou- 
pled with a personal banking 
service not unlike' the cash- 


management accounts pio- 
neered by Merrill Lynch in the 
US. Others offering “dealer- 
call” or “share-call” services 
include Kleinwort Grieveson 
and Hoare Govett. 

Another major channel for 
private diem dealings in the 
past has been bank branches 
throughout the country. Here 
there are likely to be huge 
changes. 

.All the top English and 
Scottish clearing banks, with 
the exception of the TSB and 
Lloyds, have formed groups 
embradng stockbrokers and 
jobbers. LJoyds has set up its 
own in-house brokerage and 
market-making operation. 
The TSB. through its unit- ; 
trust operation, is already one j 
of Britain's biggest fund 
managers. 

Of all the participants in The ; 
new market, the big clearing j 
banks are the most obviously 
equipped to set up country 
wide share- re tailing opera - 1 
lions on the US wire-house | 
model. The problem, now as ; 
in the past, is to improve the 
flow of market information 
and investment advice to the | 
branch manager's office. 

John Hollis 


WHICH 
ELECTRICAL COMPANY 
GIVES THE 
PRIVATE INVESTOR 
THE BEST 
CURRENT RETURN? 

Companies, like private investors, come in all shapes and 
sizes. Company shares which look ideal for one portfolio 
may not suit another. 

Recognising the shares which most closely meet jour 
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larger financial institutions. 

Afcor investments Limited, are dedicated to providing 
a long term investment service exclusively for private 
investors. 

Afcor constantly monitor companies on aU tiers of the 
Stock Exchange, as well as overseas markets, to identify and 
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Personal Asset Review. Afcor’s monthly stockmarket 
analysis, updates clients on market trends and company 
news and reports on Afcors Share of the Month. 

For your three free issues of the Review complete the 
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Alroifii'eciTnenltljmnrd MoEarlSlwT LonAl" EC7»2Efi 
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^signed The private investors' deal«j 





;-sr- sv ■ 



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;-'^42 



Big Bang on October 27th is 
being heralded as the biggest 
revolution in ihe ‘City’ in over two 
hundred years. 

But what will it mean to the 
private investor? 

Will it make investment Tor the 
individual easier or more difficult, 


cheaper or more expensive? 

Or will it just make the existing 
financial institutions even larger 
and more unapproachable? 

To find out how yog will be 
affected, send today for a free 
copy of our booklet ‘Big Bang 
and the Private Investor.* 


TARGET 

TARGET GROUP PLC 



UNFTTRUSTS- LIFE ASSURANCE PENSIONS -FINANCIAL MANAGEMENT 


[ Please send me a free copy of your booklet. 


I Postcode 

I I am iw IS years (tragi'. 

Send to: Dept BB, Target Group PLC. 

| FREEPOST, Aylesbury, Bucks. HP 1 9 3YA. 



HARVARD SECURITIES PLC 

are pleased to announce that we have now 
extended our market making to cover 


ALL USM STOCKS 


Select Fully Listed stocks will be added 
in the coming months. 

Ail dealings free of commission. 


If you are interested in trading in these Stocks 
please contact our Market Makers 
on 01-928 2237. 


h 


HARVARD 
SECURITIES PLC 


Licensed Dealer in Securities 

Britain's leading Licensed Dealer 

HARVARD HOUSE, 42-44 DOLBEN STREET. LONDON SE1 OUQ 







PRINTERS AND DESIGNERS 


jFinancial Markets may 
^change dramatically, 
ft One City Institution 
it does not 




fcreeaaway House 
i§32 Commercial Street, 

4343 

&^ 30 01 6 247 8426 


Rosebery Avenue 
10 Rosebery Avenue, 
London EC1R 4PE. 
Telephone 01-278 3231 
Telex 883016 
Facsimile 01-278 8438 


I ^Manchester 

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I^Sltrincham, 
Fftf*eshire WA14 1QA. 

5T : ^[elephone 06 1 -928 4449 
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Ebley, 

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Gloucestershire GL5 4SR. 
Telephone (04536) 2431 
Facsimile (04536) 70651 


Ifhe City and Corporate Communicators 


THE TIMES MONDAY OCTOBER 27 1986 


CITY REVOLUTION/12 



Murmurs of protest on the road 
to the glittering new world 


•v y — -v The progress towards 

^332^ Big Bang during the 
last three years has not 
yjfcg jy always been smooth. 

Voices of dissent have 
■ been raised warning of 
disaster ahead. The dissenters have 
been few and their prognostications 
of doom have been mostly ignored. 


They are now quietly resigned to 
making the best of a bad job. 

Chief among the critics has been 


David Hopkinson. deputy chairman 
and managing director of M&G, die 
unit-trust group. He will be retiring 
early next year and is glad to be 
quitting the new-look City. He said 
this month that he was no more 
reconciled to the changes now than in 
the past and added: "Roll on 
retirement/’ 4 

Mr Hopkinson raised his voice 


early and has kept up the protests 
relentlessly. Early in 1984 he attacked 
the formation of financial conglom- 
erates and stressed his strong inten- 
tion to keep M&G independent. Thai 
intention remains firm as the main 
shareholder. KJeinwort Benson, pre- 
pares to sell the bulk ofits 42 per cent 
stake in M&G. Mr Hopkinson would 
like to see the shares spread as widely 
as possible, especially among M&G 
clients. 

His original complaints included ? 1 
the abolition of single capacity caus- 
ing a proliferation of conflicts of 
interest; the problem of preserving an 
adequate market in smaller stocks; 
increased opportunities for corrup- 
tion resulting from negotiated 
commissions and dual capacity, and 
the dangers posed by a bear market 
when firms go to the wall and 
investors get hurt. 

M&G has remained the moral 
conscience of the City. Letters to Sir 
Nicholas Goodison, chairman of the 
Slock Exchange, warned of the 


"substantial risks of overtrading" 
created in the new enviromem. Mr 
Hopkinson called for a halt to the 
"hurried changes” in the rules relat- 
ing to the maximum stake allowed to 
be held by outsiders in Stock Ex- 
change member firms. 

He has also been a critic of the 
Financial Services Bill: he does not 
believe that self-regulating organiza- 
tions can carry out an adequate job of 
investor protection. The importation 
of American practices has disturbed 
him because he believes attitudes in 
the US are totally different. The all- 
presiding rule of caveat empior, 
combined with the power of the 
Securities and Exchange Commis- 
sion. compare with a lack of under- 
standing of caveat empior in Britain 
and lack of a government policing 
body. 

Though Mr Hopkinson was the 
first of the dissenters to speak out, 
have followed with varying degrees of 
force. 

Geoffrey M us son. investment 
manager of the Merchant Navy 
Officers' Pension Fund, regrets the 
all-pervading and invading effect the 
new technology has had on the 
attitudes of British stockbrokers. The 
diem relationship has , been dis- 
turbed, be says. 

He fears the new technology, which 
has been given such a stimulus by Big 
Bang, though it would have come 
anyway, could undermine human 
relationships-The hold of new tech- 
nology and systems has created some . 
annoying attitudes. Mr Musson tells 
the story of two brokers who came to 
tell him the basis on which they were 
prepared to deal with the pension 
fund after Big Bang. 

Big Bang was supposed to be all 
about the improved chances of the 
large client in reducing commission 
rates and getting a better price deal. 


rather than being dictated to by 
brokers. 

Now there is talk, which Mr 
Musson dismisses as rubbish, that 
those funds which try to squeeze 
stockbrokers too bard will be put at 
the bottom of the iisL He believes 
that those who can give quick answers 
will always command service. 

He saysrThe role of the actual 
practitioner has been diminished.”' 
More computer people, compliance 
people and- administrators are rising 
in the ranks of financial conglom- 
erates and regulatory bodies, relegat- 
ing the practitioners of the businesses 
that are being regulated. 

The vast scope of the Financial 
Services Bill has created a clumsy and 
complicated structure, which might 
well be comprehensible to the wizards 
at the Securities and Investments 


The fears of Mr Hopkinson and Mr 
Musson have often found sympa- 
thetic echoes north of the border. The 
distance of Charlotte Square, Edro- 
buigb, from Throgmorton . Street, 
London may have created a different 
perspective: 

drive to be internationally cop 1 !** 
itive has created a potential danger 
that too great an emphasis wilt oe 


mat iw rr. 

placed on the need for capital. 

"In order 10 sendee that increased 


6 The role of the 
actual practitioner has 
been diminished} 


Board but is not to most people, Mr 
Musson. says. He dismisses some of 
the rules as plafrrsilfy. 

The rule on accepting gifts, , and 
when they might be considered to 
represent bribes, is singled oat for 
vilification. A bottle of Chivas Regal, 
according to the SEB, could have 
connotations in Exeter different from 
it might have in Hong Kong. Hotel 
expenses in Bali are similarly raised 
as an example. 

He is sympathetic to the thought 
behind the rule, but, Mr Musson says, 
such rules end up being laughed at 
The difficulty is that the new rules are 
setting out to be all-en compassing, 
whereas most law evolves. ■ 


capital, there is likely to be limited, 
scope for increased profits at lower 
mar gins. This may lead to the 
deployment of much of the new 
-capital in higher risk forms, such as . 
taking major trading positions or by 
buying underwriting businesses, ne 
said at a conference two years' ago. 

The Scottish financial community 
is occasionally seen to" be "at odds with 
the London community. The recent 
furore over the changed board struc- 
ture at Guinness was often portrayed 
as a Scottish-English split, although 
the Scottish institutions opposed to 
Guinness saw the issue as a straight- 
forward moral one of keeping 
promises. „ „ . • ■ . . 

Graeme Knox of Scottish Aou- 
. cable, an arch-opponent of Guinness, 
expressed not only his'doubts about 
Guinness's behaviour, but also the 
lack of resolution by the regulatory 
bodies which could and should have 
■ intervened more strongly. He be- 
lieves that if Guinness is allowed to 
break promises made in takeover 
1 bids, the outlook for self-regulation 
and investor protection in the more 
competitive world after Big Bang is 
bleak. 



Dealing on the Stock Exchange will be irrevocably changed, but there are predictions of risks of overtrading 


GREENAW^-HARRJSON 


Many factors will affect the 
way in which the Stock Mar- 
ket develops over the next 
decade. It is already evident 
that an important short-term 
influence will be the timing 
and result of the next election. 

.This may tend to exag- 
gerate trends whose under- 
lying causes lie in the new 
market structure themselves. 
A weak market will open up 
the cracks and weaknesses in 
the market system and hasten 
the decline of the weaker 
operators within it. 

A Labour victory would 
stop further privatizations and 
an attempt would be made to 
return at least some of the 
major enterprises already pri- 
vatized to "social ownership". 

It appears, that the actual 
machinery proposed for carry- 
ing out this exercise may be 
the exchange of the shares 
issued for another form of 
marketable paper, something 
akin 10 French litres 
participant's. These have 
many of tiie characteristics of 
shares, including a profit- 
related return but exclude the 
right to vote. If this were the 
method adopted, there would 
still be a large number of 
individual holders of market- 
able paper. 

To that extent the direct 
effect of renationalization on 
the stock market would be 
mitigated. 

The conventional wisdom 
is that the survivors among 
stock-market firms will be the 
giants who have substantial 
capital resources and can aff- 
ord the massive investment in 
people and hardware to play 
the 24-hour global trading 
game. If British companies 
accept the style of corporate- 
finance management and 
investment-banking methods 
current in the US. the trend 
towards gigantism will be 


Labour factor clouds 
the market excitement 


market many others will be 
automatically relegated to a 
second or even third tier of 
importance. Indeed the struc- 
ture of the new SEAQ 
information system admits as 
much: 


tions and cultural conflicts. It 
also assumes that they can 
develop a quality of manage- 
ment capable of running giant 
multinational businesses. 

In America the record is not 
good. There is hardly a single 
big US investment house 
which has not experienced 
debacles and boardroom may- 
hem on a grand scale over the 
last decade. It may be right to 
conclude that the race will be 
won over the next 10 years in 
London by giant firms — but it 
may be wrong to assume that 
these will be the same giant 
firms which started the race 
this morning. 

Under the new regime, 
where stock-market firms now 


are owned by and rely on the 
financial strength of outside 
entities, the point of weakness 
could be not the subsidiary 
but the parent 

The situation could arise 
where a London Stock Ex- 
change Member is brought 
down by the collapse of its 
parent. If an overseas bank or 
investment house runs into 
trouble, one of the first points 
for retrenchment could well be 
its capital-hungry stock-mar- 
ket affiliate in another 
country. 

In this connection it is 
striking that there are still 
potential big players who have 
made little or no move to join 
the game. Notable among 
these are the leading West 


German universal banks and 
the Japanese banks and 
investment homes. 

Some of the new parents, 
notably the Europeans, seem 
content to allow the farmer 
partners or directors of their 
affiliates a relatively free hand 
in running the stock-market 
business. It is noticeable that 
Phillips & Drew continues to 
use. its own name in aft 
statements, with little ref- 
erence to its Swiss parents. 
Much the same is true of 
James Capel. 

The Americans and the 
British banks, both cleanses 
and merchant banks, seem 
more inclined to want to 
adopt a hands-on style and to 


An elite group 
of companies is 
likely to emerge 


emphasize the role of the 
entire group, rather than to 
allow the stock-market entity 
to maintain a clearly separate 
identity. 

The changes in London are 
far more radical than in New 
York in 1975. There brokers 
and investment dealers had 
operated already for many 
years in dual capacity under 
quasi-statutory supervision. 
The only change on Mayday 
was the abolition of the 
commission cartel. 


More important than the 
changes within the industry 
are those affecting its cus- 
tomers, notably the com- 
panies whose shares are listed. 
Here the main feet or is not the 
structural and jurisdictional 
changes within the market but 
the growing internationaliza- 
tion of securities dealings, to 
which the market changes are 
in pan a response. 

• There is likely td emerge an 
elite group of 1,000 to 1,500 
international companies 
whose shares command 
worldwide attention. Some 
will be companies such as 
Nestle, Hongkong & Shang- 
hai - Bank, and several 
Scandinavian companies 
which have outgrown their 
local capital markets. Others 
such as Elders IXL and other 
Australian and . Qanartian 
companies have sunflariy out- 
grown the .capacity of their 
domestic economy if they 
want to grow further. 


There is a limit to the 
number of screens any one 
man can monitor: No broker’s 
dealer will-be able to watch 
more than a limited selection 
of specialities over and above 
the leaders. 


A broker's research effort 
that is no longer subsidized by 
fixed com missions will also be 
driven to concentrate on those 
companies where the opportu- 
nity to generate business is 
greatest 


. '■ And what of the clients and 
customers who ritai in the 
market? For, the. institutions, 
the new regime will introduce 
a range of problems. Almost 
all wift themselves have to 
seek authorization under the 
new legislation and for some, 
such as the life-assurance 
companies, the new rules may 
force major changes in the way 
they deal with their ultimate 
customers, the public. 


Most will be classed as 
international companies be- 
cause for reasons of size, 
importance, or less com- 
monly, because of a unique 
product -speciality, they have 
attracted worldwide investor 
interest 


- The changes in the market 
for retail financial products 
may be as great, if not greater, 
than those m the central stock 

market itself 


Of these international com- 
panies perhaps not more than 
250 at most will be British. 
The corollary is that even 
within the domestic stock 


From top to bottom: the new structure 


Of aft the participants the 
least likely to be materially 
affected, for better or for 
worse, is the individual pri- 
vate investor. This, is .ironic 
when one considers that the 
whole elaborate structure of 
new regulation has supposedly 
been designed for his or her 
benefit 


especially evident in the field 
of corporate finance. 


of corporate finance. 

There will be room for the 
small specialist firm with a 
reputation for expertise in a 
particular niche. Service to 
private diems, spedalist re- 
search. a strong presence in a 
particular geographical area, 
dealing skills in secondary 
investment instruments like 
futures and options, are alt 
areas where small to medium- 
size firms mav make a profit- 
able livelihood. 

The type of firm most at risk 
is the medium-size generalist 
which tries to ape the style of 
the giants while lacking their 
resources. 


THE NEW 
REGULATORY 
STRUCTURE 


The Secretary of Stats 
for Trade and Industry 


■ HegotMXf Oi-BBWWm Vsr.v 


Recognised 
Investment 
Exchanges (R1E>- 


5IB L 

Securities and L 
I Investments Board r 




| Seri Regulating Organisations | 






The Securities 
Association' 


IMHO 

Investment 

Management 

Regulatory 

Org ani sat i on 


LAUTRO 
Life Assurance 
and Unit Trust 
Regulatory 
Organisation 


RMBHA 
financial 
Intermecfiaitas 
Managers and 
Brokers 
Regulatory 
Association 


So fer as tbe stock market is 

concerned, which is the only 

. market directly affected to- 
day’s changes, be is likely to 
P nd a* •; woret a marginal 
increase in the cost of dealing. 
Many more people will be 
competing for the favour of 
his custom but offering him a 
narrower and less- 
personafcKed service. Tn the 
name of his own protection he 
w0 be required to contribute 
to the dusty files of customer 
■ agreement letters. 


■ Pun w niBreltera 


This conventional wisdom 
relies on the assumption that 
the giants themselves will not 
crumble under the weight of 
their own internal contradic- 


□ This Special Report was written by John Bell, city editor; Alison Eadie. assistant city 
editor Richard Thomson, banking correspondent; Lawrence Lever, Richard Lander,- Cliff 
Felt ham. Alexandra Jackson and Carol Leonard, city reporters.- John Hollis, '.who is a . . 
director of Dewe Rogerson, is ejqme&ring his own views J 

' ■ ,_ P " > *< *t' 


. consaennotos-^ broker m foe 
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RUGBY UNION: WELSHMEN CAST OPPORTU NIT1ES TO THE WINDS AT SWANSEA AND PONTYPRIDD 


Leicester profit 
after 


of elements by 
Swansea 




Swansea. 

Leicester. 


13 


Wind, rather than rain, can 
so frequently prove the niin- 
?“2.°°J a match and the first 
half at St Helen’s on Saturday 
attestedto that The houses on 
Town Hill, which peer into 
Swansea s ground like short 
men lookrag over the shoul- 
oers of others, must have 
shuddered at what they saw 
and # swiftly drawn the 
curtains. 

It was not so modi the wind 
as Swansea's misuse of it 
Indeed, neither club harnessed 
the elements particularly well 
*>“t given first use of the 
strong breeze blowing out of 
the .west Swansea's lacticfli 
kicking was poor and when 
they turned round only 3-0 
ahead, Leicester hopes of vic- 
tory must have been high- 
They proved justified too, by a 
goal, a try and a dropped goal 
to two tries and a penalty goal, 
but only after Mark Wyatt 
captain for the day, bad 
missed the conversion which 
would have drawn the scores 
m injury-lime. 

After what had gone before, 
the second half was a heart- 
wanning — indeed heart-stop* 
ping — affair. The Swansea* 
backs put together the best 
running of the match, wi nning 
ruck after ruck, which brought 
the best from an outstanding 
Leicester defence and gave 
them the chance to attack on 
the counter. 

If the refereeing before the 
interval was somewhat 
pernickety, with little advan- 
tage being allowed and inauls 
being blown early, the playeis 
were allowed to express them- 
selves thereafter. But it was 
the set pieces which were 
instructive:. Maurice 
Colclongh, in only his second 
senior match, was going well 
deep into the second half and 
won some good lineout ball' 
from the middle but the- 
Swansea forum was less than' 
formidable. 

Leicester, whose scrununag-, 
ing is so frequently under- 
rated, were able to pressurise 
the Swansea pack to such an 
extent; thit they* reversed*** 
five-metre scrum five minutes 
before the end from which 
they achieved their winning 
score. Richards controlled the 
heel well and plunged over for 
his sixth try in eight days, 
which made up for a knock-on 
by Youngs moments before 


after the scrum half had made 
some 90 metres to support 
Tebuttt on the Swansea fine. 

Tebbntt, the young flanker, 
was outstanding in a good 
back row. His tackling all too 
often took Moriarty out of the 
game and his support of the 
close work by Richards and 
Youngs, mainly from scrums, 
offered Leicester an important 
element of control.That hav- 
ing been said it was one tackle 
by Cusworth (so frequently 
described as a non-tackling 
stand-off half) that may have 
saved Leicester from defeat: i 
Tilley collected a rebound 
after -Hare attempted to chip 
ahead and had no one in front 
of him on a 30-metre run to 
the fine but the Leicester 
captain tackled irim into the 
corner, preventing the 
probability of a 9-0 Swansea 
lead. 

Wyatt’s penalty was the, 
only score of the first hem 
(there were only three such 
attempts all afternoon) and 
the full back put in a splendid 
tackle on Underwood as the 
England wing gathered mo- 
mentum. When W illiams 
charged away fiom a lineout 
kicked ahead and Davies ran 
round the front of the sub- 
sequent lineout to score, 
Leicester were looking for a 
touch of fortune to restore 
hope. 

U came when Trtley got in a 
tangle and Dodge hacked on a 
loose ban to the corner. 
Cuswonh's drop goal behind a 
scrum gave them the lead and 
Richards's tty was, ultimately, 
the reward for excellent sup- 
port of Hare's breakout 
Though Clement charged 
down Hare's clearance for the 
final score, Town Hill 
cerved no further reward. 



Wales lose early 
urgency after 
gaining advantage 


By Gerald Davies 


Wales B. 


France B, 


13 

10 


Coldough: won some good lineout ball from the middle for Swansea 


Moseley 
in their 
element 

By Gordon Allan 


Only Oti relieves 
Cambridge gloom 


By Bryan Stiks 


Coventry.. 

Moseley. 


9 

14 


ant panaHj n 


re- 


sMbk Onto, dam- 
. Wyatt. Lafcaatac fates: 
, . Rlchante; cc wrteon: Hare; drop 
iCuworth. 

MSEA:M Wyatt MTWoy.S Parfflt,A 
Ctemenfc R Subbtanfc MJDacoy, R JonetK 
Cotekmfl h . D Robaita, D YoungJ* 
Mariam, M Cofcfcugh, J WHvraTG 

uarafintw I Ham: K WHams. P 
Dodge. T Buttknore, R Underwood; L 
Cuaworth, N Youngs; S Redfem, H 
Roberts, W Rtiaruson, J WWfc. M 
Fajikos-Anxrid, T Smith, R Tabbott 0 
Richard*. 

: K McCartney (Scotland), 


• One more unbeaten record 
fell at the weekend when 
Saracens lost their John 
Smith's merit table s game at 
Waterloo 21-14, leaving Notr 
tmgham as the leading senior 
dub. Their ninth win (they 
have drawn once) came at the 
expense of Metropolitan Pol- 
ice whom they beat 34-fr 
despite the abrence of five 
first-choice players. 


Ambition is Exiled 


By a Correspondent 

Maidstone. 

London Welsh, 


,3 

25 


London Welsh completed a 
potentially hazardous route into 
today's John Player Cup ihiTd 
round draw with a deserved 
victory over Maidstone, the 
Kent junior dub. 

A disappointing centenary 
season playing record confined 
the Exiles to the early rounds 
this season and a first round win 
over Met Police secured a trip to 
Maidstone. It was just the tie the 
Kent club wanted. 

This week they will formally 
apply to join the London Di- 
vision section of the new Eng- 
lish League set up. They wul 
have little problem satisfying 
the ofT-the-neid criteria and, 
thanks to a generous local 
sponsor, have erected a tem- 
porary stand and installed cellu- 
lar telephones for journalists. 

Unfortunately for Maidstone 
their immaculate planning was 
undermined by the inability of 
their pack to match the effort of 
London Welsh. The Kent side 
needed an early 
nil after just two 
minutes they were standing 
under their posts as Price, the 
Welsh captain, converted a try 
by centre Evans. 

Thai score allowed the Exiles 
to settle into a game given added 
importance by their midweek 
warning for poor discipline by 
the Middlesex County Union 


after 13 players from throughout 
the club had been sent off in the 
past three years. They had to be 
controlled and, except for one 
punch, provided the right kind 
of performance. 

Russell, a No 8. of consid- 
erable strength, had a particu- 
larly successful game. His buD- 
like charges disrupted Maid- 
stone’s attempts to regroup and 
(bur home players needed atten- 
tion after colliding with the 
Welshman in separate in- 
cidents. With Morgan, the 


Mosetey scored three 
tries, and made better use of the 
blustery wind than Coventry, at 
Coundon Road on Saturday. 
They won by a goal and two tries 
to a goal and a penally goal and 
stay well above Coventry in the 
John Smith's merit tabic A. 

.- Because of injuries Coventry 
■have used 29 players in II 
matches. Their main strength Is 
reputed to lie in their forwards, 
but this was not obvious against 
Moseley who exhibited plenty of 
drive in the tight and mobility in 
the loose where Barr, Hickey 
and Masters were going as hard 
at the finish as at the start. 

Moseley had first use of the 
wind and led 10-3 at half-time. 
They depended on a variety of 
kicks, high, low, and diagonal, 
to keep Coventry on tenter- 
hooks — tactics so successful 
that it was a surprise Coventry 
did not copy them in the second 
half Instead they p refe r red to 
run the ball, but Med to cross 
Moseley's fine until the last 
minute of injury time. 

Fahu gave Coventry the lead 
with a penalty. Hickey scored 
Moseley's first try from a pick- 
up at a scrum, and just before 
the interval he linked with 
Robson at a scrum 40 metres 
out to send Goodwin haring to 
the corner. 

Coventry spent the first 30 
minutes of the second half 
swarming around the Moselc 
22. Fairn and Clark mi 
penalties. Wyuter and Mmshuil 
almost found a way through for 
tries. When Moseley broke free ■ 
they scored. They held the ball 
in the back row on the Coventry 
22, Robson went prospecting on 
the blind side and, when he was 
tackled, flipped the ball up to 


Richmond. 42 

Cambridge University . 12 

Anxiety is coloured a pale 
shade of blue again this season. 
The Cambridge camp has cause 
to fed more than a little alarmed 
about their annual meeting with 
Oxford at Twickenham in 
December on the evidence pro- 
vided by their team’s perfor- 
mances so for this year. , 
Oxford had managed to re- 
strict Richmond to an 11-9 


can mobilize so effectively. 

With a high westerly wind in 
their feces in the first half. 
Cambridge knew they would 
suffer a bombardment of high 
kicks but it was their centre, 
Wyles. who was to cause confu- 
sion in the Richmond ranks 
with a high punt which was 
gatheredrin by Isaac, who 
nipped in for a try to give them 
an unexpected early lead. 

That u took Richmond until 
the 23rd minute before they got 
any points on the board was due 
to some woeful place kicking by 
Smith, who mused with four 
penalty attempts before 


The sending off of Bourgui- 
gnon, the French No. 8. in the 
28th minute, for blatantly kick- 
ing a Welsh player bad that rare, 
but not entirely unknown, effect, 
of persuading the remaining 14 
players to pep up their game 
sufficiently to foil and spot] any 
easy assumptions their oppo- 
nents might have. 

Wales, correspondingly, 
somehow complied com- 
placently with this and allowed 
their own game to drift. The 
urgency and the skill with which 
they had faced the challenge of 
the full complement in the early 
stages, seemed to blow away 
with the autumn's leaves which 
scurried across the pitch. 

Facing the stiff wind and the 
15 players they played far better 
than they did when the advan- 
tages were weighed more in their 
favour in the second bald They 
managed, with something of a 
struggle, to win by a goal, a try 
and a penalty to a try and two 
penalties. 

Wales were in the lead at that 
moment after John had kicked a 
penally but which, soon after, 
was cancelled out by one from 
BonaJ. It was a stirring first half 
from the home team with May 
and Moseley commanding the 
lineouL With their back row 
successfully plundering the 
loose, Griffiths and John had 
plenty to be gening on with, 
while Davies and Bidgood had 
their straight-running moments 
in midfield. 

It was from such a run by the 
Pontypool man that the first try 
was created. From the break- 
down. the forwards worked the 
ball back quickly for John to go 
blind. Evans straightening his 
line, brushed past Lupuyau's 
inside right shoulder, and 
veered out again to beat two 
defenders to get a superb try. 
The swift style of this, and the 
known handicaps which France 


had to bear, more than hinted at 
a perfectly respectable Welsh 
victory. 

Nothing of the sort 
materialised. For this, the 
French, largely, can thank 
Therein and Roux who domi- 
nated the lineout and to the 
prodigious work of Janacek and 
Cabannes. who were among the 
five changes made late on 
Friday evening (Bond, False 
and Ondanz were the others). 
Codomiou. as ever, was a 
delight to watch, making passing 
an effortless and breathtaking 
skill. One such, beautifully 
timed and accurate, sent La- 
combe in for an equalizing try. 

Stirred to action Wales re- 
sponded immediately. From a 
scrum close to the visitors line. 
Griffiths ran, took Janacek with 
him and exposed the missing 
No 8. He passed inside to Gary 
Jones who bad a dean run for 
the line. John convened. 

While they enjoyed the terri- 
torial advantage for the rest of 
the halt with John plying high 
kicks xo Bonal, they rarely 
managed any authority. Curi- 
ously, France looked more dan- 
gerous in these defensive 
positions than did the Welsh in 
attack, and threatened even 
from these unlikely positions to 
take the match from under their 
hosts’s noses. They only man- 
aged another penalty by Bonal 
though. 

SCORERS: Wife* Tries: I Evans, G 
Jones. Convmslon: G John. Penhy. G 
John . France: Tiy: B Lecombe. Penalties: 

P Bonal. 



WALES EL M Gnrvefls (UansH). I El 
(Uano«). R Bidgood (PornypooQ. N 
vies (Uaneffi). Davies (Naem). Q 4 
< Cardiff), J Griffiths (Uwwffi). 0 f 
{MBestsgLSDsvies 
P Rrinda (Maa 
loath). P May 
ooi). R 

0 Jones fUaneS). 

E ft P Bonal (Aunsc). B Lecamhe 
(Agen), A Seise (Grauttw). D Codotniou 
tStade ToutousainL P Uniyaa (Dax). P 
Rouge-Thorns (SladeTootousakj). H 
Sanx (GrauBwt captain). L Annecy 
(LouRJes). J-P Centra (Valance). P 
Ondsrtz (Biarritz). L Csfcaimes (Radng 
Clubt Y Them (Bourgoin). Y Roux 
(Toulont T Janacek (Tarbos). G BourmI- 
anon (Narbonne). 

Referee: D Templeton (Ireland). 


Southerners make 
huge leap forward 

By David Hands 

Early in September Worthing 9-6 win over Sudbury at Holme 


victory the previous Saturday, 

succeeding in converting a try 

^ Kenningham. That opened 

The intensive coaching which Is 
so much a pan of dub routine 
these days is proving too much 
of an obnade for the university 
sides and with talent being so 
thinly spread at Cambridge at 
the moment they are in for a 
rough ride. 

True, on Saturday, they were 
without centre Clough and a few 
other stalwarts, and Mark 
Thomas has yet to make his find 
appearance following injury but 
ft wiU take a transformation to 
wdd this collection of eager but 
raw recruits into a workmanlike 
outfit. 

In Oti, however, they have a 
powerful and determined wing 
who would cause problems for 
any defence and be showed a 
devastating turn of speed on 
several occasions. His delightful 
try midway through the second 
half brought a flicker of hope to 
Cambridge after Hobbs and 
Cushing had created the open- 
ing. l\ took the score to 32-12 
and it encouraged Cambridge to 
attack whenever a rare chance 
came their way. The pity is that 
Oti is goin£ to get few chances to 
display his gviits against the 
tight defences which club teams 


organized and heavier Rich- 
mond pack put pressure on the 
students. 

Drane. Pennock and Dyson 
took advantage to add tries 
which gave Richmond a 22-6 
lead at the interval. Even with 
the high wind against them in 
the second half, the home side 
added a further 20 pts to 
underline the task feeing Cam- 
bridge this season. 

SCORERS: Richmond: Trlaa; 

Kennlndtein, Dram (2). Pamodc (2L 
Dyson (2). MBs. Conver si on*: Smith t$L 
" - Trie* mac. Oh. 



flanker, scoring a second try and- Goodwin. Jervis retaliated with 
Price adding a conversion and Coventry's try almost at once 


three penalties the junior dub 
started the second half 21-3 
behind. 

At this point they needed 
Hayward, the stand-off. to add 
to the single penalty he kicked in 
the first half But when he 
missed the target in the 50th 
minute their hopes of a come- 
back ended, ft was left to the 
Exiles to complete the scoring 
with Greenway. the full back, 
going in at the right-hand comer 
following an 80-yard 
involving nine players. 


but ft was too late to be more 
than an afterthought. 


HIBISi CawUrn Try. Jetvte-Gonvef- 
i. Falm. PanaJty.nrim. Mmatop Tries, 
Hickey, GoocWn (2). Conversion. Am- 

m 

COVENTRY: y FMm: E Sundaes. K 
Jenris, C Merited, c Wynne J Minshufl. D 
Clark; L Johnson (cart). C Dam*. S 
WSfcas, R Travers. A Guflfwr. B fOdnsr. M 


Trump*. G RoWxns. 
MOSELEY:! 


Saracens 
at their 
Waterloo 

By Michael Stevenson 


move 


riMBteMa(eipO;JGoodMrin 1 C 
Amosn, A Ktehtng, A Jamas; T Exater. S 
Robson; V UOo^j. G Cox. G Smith. R 
Barr, R Tuckwood, R Danftardt, S Mas- 
ters, K Hickey. 

m A Turner (Manchester^. 


RKHMONO: A Hampel: S Pennock (rep B 
Roxburah). J H reran. M Drane. J Dveon; S 
Smith, K Murphy: J Thom (rap D Gavins). 
P Combe. C Mrs. D Sole. M Stagier. A 
Maren. 0 Kenningham, C VYvyaa 
CAMBRIDGE UNWERSITV: ATunningtoy 
J GS and Downing); T Isaac 
and Church a). K Wyles 
m and Trinity Han, J Wyfia 
. I Academy, Belfast and Craxchin, C 
(MTfiekJ and Si Edmunds House); T 
Lord (Bedford Mount and Chnst), A 
Cuslriim (Magdalen College School and 
Magctdeno). N Hwrod 
Coventry and Christ), I ! 

frad ana St John's), J T 

and St John's), M 
and Jesus). R V 
and MagdWar 
Magdalene), S 
LNMwy (NSW 
Has). 

n alara e: R C Reas (London) 

Front row 
hold key 
for France 

From Chris Thau 
Bucharest 


(Gtenafcnond 
(Worth and 
uish and Taunton), 
and Hughes 


Waterloo. 


Saracens 


-21 

.. 14 


desperately 
success, bu 


ward. London W alsh; Trie* 

H Evans. B Morgan. 

Cannar ai cnK Price t2L 
MAIDSTONE: R Whatley; M Hubbard, J 
Hogarth, J Hal, K Bassom; B Hayward, D 
Moos* HOrnmn. I Baker. JRoHk*.M 
Can. M Scott. P Cat, B Kidding, S 
Mfetad. 

LONDON WELSH: P Graamoy: S P*L H 
Evans, G'Leleu. J waiters; C Price. M 
Douglas; T Jones, B Light. A Joyce, B 
Morgan, R FonLG LleweNyn, J Evans. S 
Russell. 

Referee: L Prideaux (Comwsq. 


• Hemi Taylor, one of several 
New Zealanders currently play- 
PSmjwrmr. ing Welsh club rugby, was sent 
mk price PL off for stamping during 
Newbridge's game at Maesteg 
on Saturday. Ian BuUerwefl, the 
English referee, sent Taylor off 
just before half-time when 
Newbridge led 6-0. Short of 
their No 8, the Gwent dub 
subsequently lost 26-6, two of 
Maesieg’s tries coming from 
Guy Evans, their wing. 


RESULTS FROM THE WEEKEND 


8 INTERNATIONAL 

13 Moca 10 

JOHN PLAYER SPECIAL CUP 
Second mod 

FykJa 4 LfvS* Batons 4 

UtoMBut tz Lichfield 43 

LmSmy 11 C ra wbowa 9 

MakfstOM 3 London Walsh 2$ 

Paviors 12 Durham 10 

R— c ft nfl 9 Sudbury 4 

WHcrttopT 17 SoHhh 10 

Worthing 15 Sthws 4 

JOHN SMITH’S MERIT TABLE A 
Cowtey 8 Mosatoy « 

JOHN SMITH'S MERIT TABLE B 

IPK 15 ItoiK fin gMy 6 

31 SaNHMM 14 

CLUB MATCHES 

9 Mpd 
BS US Portsmouth 

8 1 1 — ■ 

CaNNf 28 Hartoauiita 
EMwVahi 16 Croat Kava 
GtamWndr* 16 Nawport 
fl touoat tet 38 W w no m h 
Harrogate 16 Sato 

KSS* S V0,u " 

38 


SathSeo 


HuM Eft 


(MaritMr 


SWatoaPol 

M c l aip pi— 


30 
11 
14 
11 
11 
e 

14 

•tap S3 

SCOTTISH F**T DIVISION 

SU* 8 


10 

14 

1> 

18 

12 

21 

18 

SI 

18 

10 

8 

34 

It 

12 

13 

13 

18 

U 

13 

12 

10 


LONDON ft SOUTH EAST; LOMBARD 
SHtPPMG SEVEN COUNTIES MERIT 
TABLE: Askaarts 12 Southend & 

BtSLEY OFFICE EQUIPMENT SOUTH* 
EMI MERIT TABLE: GuOcttord A 
Godaiming 12 Warifingham 15. 

DORSET 8 WILTS CUP - Fhst mural: 
Dawns B Salisbury 32: Dorchester 39 

Marlborough 9; Swindon 6 Wimbomo 38. 

GIROBANK EASTERN COUNTIES 
LEAGUE: Nowmarkot 8 SouthMkt & 
Thurrock 21 Ipswich EL 

HUNTING GATES HERTS MERIT TABLE: 
Chaahum 20 Old Vanriamtoni 10. 

RADIO KBIT MOWT TABLE: Ctentorbury 
11 Sewanoata 12; Conbropk 18 
Snowdown CW 15: Dover 13 As hford, 
Kent 9: Wkwtona 37CW Grewssndiam 
18i OU Brecktotens 28 OkJ CoHatens 12: 
Old ShoewsMtons 13 Bottashanger 28. 

PAT CONNOLLY MEMORIAL TROPHY!: 
Bamvt 25 Finchley 7. 

TRUMAN 08 MERIT TABLE KCS OB 3 
Old B**$ 8; Old Whitfliftttns 3 Old 
PauftnesO- 

CU)B UATCHESc AmpHI 9. MB » 22; 
Baomgstoko 20, Swatted# and Warebam 
a Bancroft 7. Erith 12 Bwriays Bank 28. 

Lloyds Bank 6: Barkki gj. Word Wander- 

ers 12: BasBdri a Oteftton Park 7: 


Gnmesandtons i& FWterton* 19 Old 
Etaabethans (BamaQ 16; 

Anchorians 22 Sdcup Ex I 12; 
noppers 33 Harrow 8; Haringey 4 Old 
Baadontans 0; Harpenden 0 Barker's Buds 
52 Hamel Hampstead D RiasSp 12: Htgh 
Wycombe 17 Leamington B: Holt 4 
Dvraham 0: Kingston 24 OW 
Abbotstonians 18; Latchmnn GC 24 





Eastbourto 15: Backanflm 9, Stan« 9; 

rSS<4, Horsham -A - i7:Cambertoyi9.qid 
Emanual 10: Cambridpt 16. 

nrawasssw* 

Centeura 33. Amtora ft CharingC rpwand 
VMEsonWster Homs 9. ItoyaniDoiohkw 
2 t Gnelmsfoid IS/Bury Si »mmd9 3; 

Serriee 20, Old Surbrionans 10 ; Q* 
chastar22, Bonops SKxtford 7; Crawley 

fr^Ttsz&'srsi; 


Ins t 3: London New Zealand 3 Gordon 
League 10: Maidenhead 14 EaSng 3: 
Marimv 15 Bournemouth 11; Medway 14 
don Manor 38; Mflton Keynu 6 Sudbury 
Court 24: Mteham 36 Old Pghamiin* 4; 
Newbury 27 Handon 8: Norwich Crosad- 
era 12 Bacawans 1ft Old Aleyntens 12 
Purtey 23: OkJ Bwcaharnans 13 Park 
House 9: Old Breekleians 28 OU 
Godsians 12; Old C ater ttan aa ns 0 John 
Fisher OB 25: Old Crentergnans 4 Old 
. Mfimhlsdonlaos ID; Old Dunstontans 9 
hac 11: Old Bttamnns 12 Old MW- 
WMcnattana 21; OU Freeman s 6 OU 
Readomans ft OU Garaonins 24 OU 
THfintan* 3c OU Haie^)uriaiB XV 30 
OulnlU 3: OU INeworthtans 20 EHto^wn 
4; OU Maadowtons 7 Woodford 1ft OMT 
12 Sutton and Epson 3; OU NBNHtans 0 
WaiaaB 28: OURutUshens 18 OU 
Haberdashers ft OU WtatdUtons 9 
Gravetand lO; Old WMgiftiaiw 3 OU 
PautaNfift OU Wmdsorians 12 Lwtebury 
20: Orleans FP 18 Bsttarma ironsUta 6; 
Orpmgton « m 0: P«nsflaU i9Esso. 
Fawlw®; Portsmouth i8How7;PLA 13 
Ctenvm Lstand ft Raynes Park 32 Bank o! 
Ehotond ft Raangensians 22 Gostond AB 
Stocks 9; Rochrord B Wanswad 4; 
RomicnJ raid GUea Park 4 Woodbridga 
10; 8tX8tHH)n-58Xr 4 Abingdon 14; 
Sidsupi7 St Mary's How Kfc Sough lB 
Pmnar ft Southampton 32Awermaaon ft 
Swekwood park BTffiartiO: Surrey unwi 
4 OU Gutatoroara r ~ ' ‘ 

Ri c h mond mtinaa 38: Ti 


Saracens came North and 
found an uocorapro raising Wat- 
erloo defence, losing a hard, 
bruising contest by a goal, three 
tries and a penalty to two tries 
and a penalty. 

The power of the diagonal 
gale, which aided Saracens in 
the first half blew them im- 
mediately 10 the Waterloo line, 
where they registered a push 
over try, not an experience that 
happens often to Waterloo's 
beefy and combative pack. 
Steadman got- the touch down. 

A penalty by Smith ac- 
counted fro- Saracens* half-time 
points, but Waterloo still man- 
aged to poach a slender interval 
lead. Some 14 minutes after 
Steadman’s early try. Aitcbison 
chipped speculatively, and 
Heslop was up in a twinkling to 
score the cheekiest of tries. Just 

before the interval. Allot! 

charged down Steadman’s kick 
and Carfooi touched down to 
make ft 8-7. 

The crurial score dosely fol- 
lowed half-time. Passing moves 
against the diagonal gale had 

been virtually non-existent, but 

Waterloo produced one of such 
perfection foal Jenkins, a force- 
ful centre, could loop round the 
speedy Heslop and run in for a 
try that Aiichison converted. 

As Waterloo's grasp tight- 
ened. Aiichison kicked a pen- 
alty. and Smith replied with a 
second penalty for Saracens. 
Heslop helped himself to an- 
other 


Romania... 
France 


.... 3 

..20 


First the good news. After a 
formidable display of controlled 
forward power. France beat 
Romania — a useful result to 
have a fortnight before the 
commencement of foe All 
Blades series. Both French new- 
comers, right wing Phiilipe 
Berot - who relieved Jean- 
Patrick Lescarboura of his kick- 
ing duties — and number eight 
Alain Carminau — whose 
footballing brain matches his 
enormous physical potential — 
had dreamlike debuts. 

But the real stars of the 
afternoon were the front row of 
Chabowski. Dubroca and 
Garnet who dismantled their 
opposite numbers clinically and 
mercilessly. 

And now the bad news __ 
Despite their gallant efforts and 
moments of intense pressure on 
the French line, the young 
Romanians never looked like 
scoring. They were unable 10 use 
their line out dominance in foe 
second half, and handling errors 
doomed their better efforts. 

Berot landed a penalty after 
20 minutes of early Romanian 
pressure. Andrieu crashed over 
Popescu for a try shortly after- 
wards. Berot was on target with 
his second penalty ana then 
Blanco went over on foe left 
after intense French pressure. 
After half time Nastase struck 
Romania’s solitary penalty. 

It was left to Berou the newly- 
born star of France, 10 finish m 


Uy after he had hacked 

and dribbled to the Saracen line. 

McLagen's late try for the losers style with an opportunist try and 
was of the consolation variety, its subsequent conversion. 

SCORERS: Waterloo: Tries: Heslop PL 


50; Tonbridge 6 
'anbndgeWMtolO 
rid 3 Hootfwn to: 


Wdnoe: 

SJWtoy Wand* v: UdcffeW : ... 

(Mv of Susw 0 Hastings and BexbB 1ft 
Upper Ctaoton . -A' 20 Ste ven a ge ft 
tMo(dZ7RedingcnstoraI< 11;WeSrm9_ 
Bedferd Ate & WMtttmbe Park 28 
TraiBUia 


CariooL P -tonkins. Peatery and conw- 
wan: Ahdfison. Saracens: Tries: 
Stoadnan. MeLaoen. Pontedox Smith (2L 
WATBiLOO: Jicide: M Cotter. T 
Jwlwa. J Jenttre. N Haslop; I Altchiscw. 
D Carioot T Simon, P Hackee. S Peters, 


!,DMcLagan: N Hobnes. 
Roberts. M Evans. C 
M Pattnson. J 

Human (East MsSands 



SCORERS: Roman la: Penalty: 
Nastase. FranccTries; Andneu. Btanco. 
Berot. Panaitea: Berot (2). ConverttoK 
Berot 

ROMANIA: G Ftores: C Popeseu, A 
Lungu. S Tofan, M Toader. V Nastase. S 
Sacetoanm F CWre. M Munteanu (capt) 
, C Staorteie. H Dumtoas. C 
■ Dumitnj. IDgjs. L Gcrstssitln. 

: S Blanco, P- BeroL P Sate, E 

Boniwnf. M Andneu: J-P L 8 SCSf 00 irt.P 

BerWuar: H Cftabowski, D Oiteroca (capt), 
J P GaruoL L Rodnguaz. J Condon, A 
Loriau*. E Cramp. A Csmunaa. 

Rafarae D Bsnop (Naw Zealand). 


beat Old Reiga turns by a poinL 
Now both find themselves join- 
ing England's leading clubs in 
the draw today for the third 
round of foe John Pfayer Special 
Cup after home wins on Sat- 
urday against St Ives and 
Exeter. 

Both West Country dubs, 
given their traditions, should 
have won buu like many others 
when it comes 10 the shakedown 
for positions in next season's 
English club championship, 
they may find themselves by- 
passed by young clubs with their 
way to make; suddenly Surrey 
ana Sussex are fashionable. 

Reigatians beat Exeter 12-3, 
basing their game on outstand- 
ing scrummaging. Lyn FI ye, 
their coach, videod Exeter at 
Saracens and his players rose to 
foe challenge. Pilgrim, last 
season’s England schools foD 
back, kicked two penalties and 
converted a try by Bates. 

Worthing beat St Ives, foe 
Cornish champions. 15-4, the 
goal-kicking of Coakley, their 
Sussex stand-off, complement- 
ing the outstanding work of foe 
home forwards. Coakley kicked 
1 i points to add to O'Connor's 
try. a 1 00 per cent record in a 
difficult wind, to ensure his side 
became the first Sussex club io 
the third round. 

Reading, unbeaten, believe 
they are the first Berkshire dub 
to reach round three after their 

Dismissals 
spoil tone 
of Ayr win 

By Ian McLanchlan 

Ayr toppled the mighty Gala 
1S-3 at Mi librae in an ill- 
tempered match that forced foe 
French referee to dismiss 
McGallura of Ayr and Cor- 
corran of Gaia. He had 10 speak 
sternly to both teams following 
bouts of fighting and after 
another outbreak he was left 
with no option but to make an 
example of foe two players. 

Thai concentrated the minds 
of foe players on rugby and 
although Gala took the lead 
through Dods, tries by McHarg 
and Howati and successful kick- 
ing by Brown brought Ayr a 
famous victory. 

Another shock result came at 
Selkirk with a 30-7 victory over 
BoronghtaBir. Pow, foe full 
back, collected 19 points from 
three tries, two conversions and 
a penalty, while Johnston and 
Tukalo also scored tries for foe 
home side with a Rutherford 
drop goal completing the scor- 
ing. FOr Boroughmmr. Debusk 
had a try ana MacGregor a 

penalty. 

Walsonians maintained their 
unbeaten run in foe McEwan's 
National League by easily 
overcoming Melrose 2 1-6. Has- 
tings. Forbes, Johnston and 
Kennedy scored tries and 
Walsonians could even afford to 
relax long before the end. To 
add to Melrose's troubles 
McLeish. their lock, left the field 
with a thumb injury and was 
replaced by Ruthven. 

Hawick arc top of foe 
McEwan's League on points 
difference after their 32-6 
trouncing of Edinbureh - Aca- 
demicals at Mansfield Park. The 
Greens forwards completely 
dominated foe game in which 
Mallin (2). Stainger. Murray and 
McGaughey scored tries and 
kicked 12 


Park, Jones, their hooker, scor- 
ing the only try. 

The form book took some- 
thing of a battering in the 
northern matches (Michael 
Stevenson writes), Liverpool St 
Helens scraped through as foe 
away side in a drawn game 
against Fylde; West Hartlepool 
were extended by Solflmfl and 
both Durham City and Blacfc- 
heath, narrowly beaten away by 
Plaviore and Rugby, were prob- 
ably expecting better things. 
Only UchfiefiTs runaway vic- 
tory at Leighton Buzzard pro- 
vided no hint of surprise. 

PelL the stand-off half who 
had embarked on a brief flirta- 
tion with professional football at 
Leicester City, used his boot to 
good effect in Rugby's spirited 
12-9 win against Blackheatb. 
Pell scored an Rugby's points, 
through the game’s only fry and 
three successful kicks. 

Fylde, hugely strengthened by 
the massive presence of Bain- 
bridge and Dooley, their Eng- 
land locks, led Liverpool St 
Helens 4-0 at the interval 
through Hanna van, but the 
winning try by Ingram, followed 
sustained visitors pressure. 
West Hartlepool's reaction to 
their victory over Solihull (17- 
10) was that foe visitors gave 
them both a fight and a fright as 
Groves gave West some leeway 
from Solihull's charge. 


Gass kirk 


: points. 


Stewart's Melville had ip 
weather a comeback from strug- 
gling Jcd-Forest before recover- 
ing to make foe scoreline a 
respectable 20-10. The Inver- 
leifo side won foe try count 3-2. 
while Scott landed eight points 
with his boot for the winners, 
k 


BOXING 

McKenzie 
aims to 
capitalize 
on win 

By Srikumar Sen 
Boxing Correspondent 

Tony McKenzie, of Leicester, 
is well on course to win the 
Lonsdale Belt outright in record 
time. After his temhh round 
knockout of Michael Harris, of 
Swansea, at the Stevenage Lei- 
sure Centre on Saiurdav.io re- 
tain his British light- 
welterweight title he won 35 
days ago. he intends to be back 
in the next 35 days for his third 
victory to secure the belu 

If a suitable opponent can be 
found and McKenzie wins on 
November 29, he will be well 
inside Pat Cowdell’s record of 
six months and 23 days, which 
Robert Dickie, of Wales . is 
expected to beat by three days, if 
he again defeats John Feeney, of 
Hartlepool, at Ebbw Vale next 
Wednesaday. 

The score between McKenzie 
and Harris stood at I - 1 before 
Saturday. Many thought that 
Harris was unlucky not to have 
been awarded foe second bout 
as well. This time McKenzie 
settled foe issue with a left hook 
in foe tenth. 

Harris, who had struggled to 
make foe weight, shedding lib 
earlier in foe day, was dearly not 
at his best and in trouble from 
the sixth when McKenzie 
caught him with a good body 
shoL Thereafter h was a case of 
downstairs-upstairs for 
McKenzie till the strength 
drained away from the 
Welshman. 

Andy Suuughn. three times 
ABA champion, lifted the Brit- 
ish cruiserweight title, scraping 
in against Tee Jay, a Ghanaian 
from Clapham. It was an excit- 
ing contest as there was always a 
chance of the fearsome Jay 
landing foe big righL But the 
Hitch in boxer was smart and 
either stayed out of range or well 
inside, while concentrating on 
this policy he was not able to put 
together too many good shots, 
which drove one of his more 
excitable supporters to scream 
"Get up on your toes and work - 
and do it!". Tee Jay is a good 
prospect only someone should 
tell him to stop sending down 
right hands with Malcolm 
Marshall's action. 

Floyd Havard, the Swansea 
super-featherweight, stopped 
Joe Duffy, of Glasgow, in three 
rounds. Havard. S and 0. is a 
delightful boxer and the best 
British prospect since goodness 
knows when. Linder Gareth 
Be van, his trainer, he has devel- 
oped a maturity far beyond his 
21 years. He is a complete 
boxer-fighter with a remarkable 
ability to pick his shots even 
going backwards, turn an oppo- 
nent or change direction nim- 
sdf, stay out of trouble and best 
of all produce foe knockout 
punch from nowhere. 

It was a good afternoon's 
boxing with plenty of action, 
especially from the St Albans 
bantamweight. Scan Murphy, 
against Simon Turner, of Bir- 
mingham. However, be should 
leant more of the defensive 
skills and not be too much of a 
crowd pleaser. 

Pyatt provides 
easy floorshow 

Paris (AP) — Chris Pyau. of 
Leicester, who last month took 
over the European light-middle- 
weight title vacated by French- 
man Said Skouma, floored 
Puerto Rican opponent Renaldo 
Hernandez twice in quick 
succession here on Saturday 
night, before the referee stopped 
the one-sided bout after the 
third round. On the same bilL 
Mike McCallum of Jamaica 
slopped Skouma in the ninth to 
retain his WBA light-middle- 
weight title. It was McCallum’s 
29th win from 29 professional 
fights. 


IMPORTANT 

NOTICE 

TO ALL OWNERS OF 
THESE HABITAT LAMPS: 

Finish Code No. 

SOLAR STANDARD LAMP CHROME 351423 
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NEW YORK STANDARD LAMP CHROME/ 351504 

GLASS 

ARCO TABLE/DESK LAMP BLACK 043516 
Habitat Is renowned for the good design and 
quality of Its lighting range, however, a very 
small number of the above lamps sold since May 
1985 may contain a component which does not 
meet Habitat^ exacting quality standards and in 
very remote circumstances may cause an 
electrical failure. 

Habitaris commitment to quality and safety 
is total, and therefore we are requesting the 
return of all the above lamps for inspection. 

If you own any of the above lamps you should 
return them to your nearest Habitat store. 

ONIYTHE ABOVE LAMPS ARE REQUIRED 
FOR INSPECTION 

Habitat will exchange your lamp or alternatively 
supply a full refund. We apologise for any 
Inconvenience this Inspection programme 
may cause. 

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Leicester, Lincoln, Liverpool, London: Rndiley Road, 
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Maidstone, Manchester, Milton Keynes, Newcastle, 
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=■***»££ 


SPORT 


By Mandarin 
(Michael Phillips) 

. While conceding that mak- 
ing excuses for beaten horses 
cm often prove expensive. I 
do reel that, following that 




THE TIMES TUESDAY OCTOBER 7 1986 

RACING: PULBQRQUGH TEAM CAN EXTEND WINNING RUN WITH TWO-YEAR-OLD DOUBLE AT NEWCASTLE 

Fu Lu Shou ready to recoup losses Battalion Cel 

reto-il' 1 u feWiwrivwEV.'vv': tivurMUir • * ■■■ - axe. •- c.-.v. o.-.m .y •<•* "> IIM I 


'« ■sk£'*W!i® 1:>: >< tf.-vwiwiaKMK 1 .:* 




h *i&vxsssfsssfii y x 


costly failure in the Colgate 
Junior Nursery at Hamilton 
eight days ago. Fn Lu Shoo 
should be backed to retrieve 
losses in the Brightelmstone 
Nursery at Brighton today. 
2 nd he is my. nap. . 

After being beaten 
inreequaners of a length by 
Lindsay Chamock on ^Rivers 
Secret. Fu Lu Shou's jockey. 
Tyrone Williams, had a tale of 
woe 10 tell his trainer. Patrick 
Haslam. 

This was ratified later by- 
ex per ie need race readers 
present who reported that Fu 
Lu Shou lost a good position 
early on when he had to be 
snatched up to avoid some 
scrimmaging. 

Williams rightly gave him 
plenty of time to recover and 
get balanced again but when 
he did produce him with what 
looked like a winning run two 
furlongs from home he was 
again hampered badly. 

Getting full marks for 
perseverence. he then 
switched to the outside or a 
biggish field but the winning 
post came just too soon. And 
unlucky was the unanimous 
verdicL 



» vs* 


Ichnnsa, seen here beating Skean at Doncaster, carries her penalty in today's Newcastle University Turf Club Stakes 


Faced by only six opponents 
this afternoon, it will be 
surprising if he does not enjoy 
a better run this time. For one 
by the sprinter Codswalk Fu 
Lu Shou stays remarkably 
well. This can be attributed to 
the influence of his dam. the 
Reliance mare Periliance. who 
had some useful form over a 
mile and a half in France. So 
today's distance of a mile will 
pose no problem for Fu Lu 
Shou. who might well be 
described as a winner without 
a penalty. 

Otherwise at Brighton it 
should pay to back Choritzo 
(2.15) and Inshad (4.15) to 
win their respective races 
although their prices are un- 
likely to be particularly 
appeaiing. However, coupled 
in a double to win the two 
divisions of the EBFSompting 


Maiden Stakes they should 
pay better. 

Following three successive 
seconds. Choritzo deserves 
better luck in the first di- 


vision. She was clearly up 
against it when faced by 


against it when faced by 
Scimitarra at Goodwood a 
w eek ago. 

Inshad, a 180.000 guineas 
yearling by Indian King, ran 
well enough in the race won by 
Greencastle Hill at Goodwood 
last month to suggest that she 
has the other division ax her 
mercy. 

Following his great triumph 
in Paris on Sunday with 
Dancing Brave Guy Harwood 
is again casting his net far 
afield. This should take in two 
prizes at Newcastle this after- 
noon. thanks to the efforts of 
Greville Starkey on Zarbyev 
(2. 1 5) and Old Maestro (4.4S). 

Zarbyev. mv selection for 


the EBF Polwanh Maiden 
Slakes, has been placed at 
.Ascot and Newmarket al- 
ready. His opposition this 
afternoon docs not appear to 
amount to much. Likewise. 
Old Maestro has a favourite's 
chance of winning the EBF 
Princess Maiden Slakes 
following that narrow defeat 
by Failiq at Brighton. 

Steve Cauthen will also be 
at Gosfonh Park this after- 
noon and I envisage him 
landing a double on Indian 
Orator (3.45) and Bolero 


Magic (4.15). I particularly 
like the chance of the latter 


like the chance of the latter 
who was finishing like a 
express train at Yarmouth last 
time when beaten only half a 
length by Saker. 

At Wolverhampton Peter's 
Blue, who like my nap has 
graduated from sellers to nurs- 
eries. looks poised to win his 


fourth prize in a row in the 
Staffordshire Nursery - 
Later in the afternoon I 
fancy Michaer Dickinson's 
chance of winning another 
race for Robert Sangster. this 
time with Fairy Gold. 

My selection, who will be 
ridden by Brent Thompson, is 
a beautifully bred filly by 
Golden Fleece out of the dam 
of their promising young stal- 
lion What a Guest and In- 
fantry. who has excelled racing 
in the United States 
Fairy Gold shaped like a 
stayer when I saw her finish 
fourth first time out in the race 
won by Brave Dancer at 
Salisbury. So a mile and a 
furlong, the distance of today’s 
race, should prove no 
problem. 


Equine centre 
for Ireland 


through a voluntary- levy on 
Irish bloodstock sales. 


Blinkered first time 


BRIGHTON: 2-45 Tna Rosa 
WOLVERHAMPTON: 4.0 Tjuj-Woog. 


BRIGHTON 


3.1S BRK5HTHELMSTONE NURSERY HANDICAP (2-Y-O: £2,641: 1m) (7 runners) 


By Mandarin 


Selections 


2.15 Choritzo. 

2.45 On To Glory. 

3.15 FU LU SHOU (nap). 

3.45 Touch The Sail. 

4.15 Inshad. 

4.45 Storm House. 


By Our Newmarket 
Correspondent 

2. 1 5 Choritzo. 

2.45 Minus Man. 
3.15. Fu Lu Shou, 

3.45 Touch The Sail. 

4.15 Inshad. 

4.45 — 


3 (6) 0100 STATE BALLET (V) (O Back) I Bahfing 9-7 JHatfew 94B-1 

6 17) 314004 MOWN PRESS f&SF) (Ottsrdawn Associates Ltd) D Atoutiwot 8-12 JRbH 9010-1 

7 (3) 430 BE CHEERFUL ft Waterman) J Winter 8-7 PHoMum 98FS-4 

8 IS) 400404 SAY YOU W1LLJG Noble) P Matun 04 M Robot* 9612-1 

9 (1) 020133 PARXLANOS BftiF [D Hatcfi) M Haynes 8-4- pCook *99 3-1 

11 |4) 0012 FU LU SHOU (BF) (M Tong) P Haslam B-2 TWWfen 96 4-1 

14 12) 001 VISION OF WONDER (C Cjrauf) M Usher 7-13 CRuWrp) 96 8-1 


Speedtwd (8-12) at Rsdcar (71. £2371, Arm. Sept 26. 11 ran). BE CHEERFUL’* best eflort (8-11) 31 3rd to 
Lashing (8- 1 1 ) at Yarmouth 61 mfln. £1 375. good to firm. July 1 . 9 ran). She has been ofl the course since July. 
SAY YOU W1LL(94) 21 4th to Psfefece (9-7) at Leicester (71, 1940. good. Aug 18, 17 ran). PAMOANDS BELLE 
[8-6) 1 --il 3rd to Otore Malle (8-5) at Sandown (7m if, £2532. good to firm. Sept 23. 7 ran). FU LU SHOU a 
Haydock (81) sellHVTWinner. fated to find a run whan (8-1) *il 2nd to Rivera Secret (7-8) at Harttfton (8t. £1459. 
good to rum. Sept 29. 14 ran). 

Selection: FU LU SHOU 


3.45 STEYNING SELLING HANDICAP (3-Y-O: £888: 7f) (11 runners) 


Guide to our in-line racecard 

103 1121 0-0432 TTMESFORM (COBF) (Mrs J Ryley) B HaH 9100 ...I... 


LOVE AT LAST (W Hastmcs-Bass) W Hastings-Bass 9-7 R Una* (3) 

THE UTE (S) (R Bastran) Mrss L Bower = .- — TWMwna 


TREMENDOUS JET (D.BF) 


B West (4) 


M Madgwck 9-2 ..... .... E Guest (3) 95 6-1 


Racecard number. Draw m brackets. .Sn-bg^e 
form. Horse s name [B-Mnkera. V-wsor. H-bood. 
E-eveshreW. C-couree winner. D-chsonce winner. 
CCFcoursa and distance winner. BF-beawi 


favounte in latest race. Owner m brackets. Traner. 
Age and weigh!. Rider plus any alowance. The 
Times Private Han dca peer's rating. Apprommare 
starting price. 


17 (3) 0-04204 


MISS HICKS ifp Rshar) M Ryan W — PRebbywn 89 92 

WINSONG MELODY (E Goodwin) P Ctmdel 9-0 PCoek 97 10-1 

DORADE (AO) (O Mtes Potato |un) D Money 8-1 3— B House S 94 8-1 

GOLDEN STRAW (B) (Mas M Gower) Mrs C Reevay 8-13 . — — JRrid — — 

HEAVENLY CAROL (KCuxMUPCundea 8-12 — C Rutter (3) 

SEQUESTRATION (A Rchards) C Austin 8-4 A Clark 

MKS VENEZUELA (Mrs S Popovich) B Stevens 8-3 RF« 95 — 

TOUCH THE SAIL (J BJackbarow) M Tomptans 7-13 W Woods (3) *99 — 


DORADE (1M)) (OMtes Potato |un)D Money 6-1 3 

GOLDEN STRAW (B) (Mas M Gower) Mrs C Reavey 8-13 . 


Going: firm Draw: 5f-6f low numbers best 

2.15 EBF SOMPTING MAIDEN STAKES (Div 1: 2-Y-O: £1 .031: 6f) (8 runners) 

Ion 9-0. PCoofc 71 — 

Z (b) DEGH«EHAi£|5 5gunes)MTompwns9-0. W Woods (3) — 16-T 

3 (61 04300 LAZWI (B) ( Hamden AJ Maktowri) C Benstead 9-0 B Rouse — 10-1 

5 ID 000 SPtiZAWTJMrcC Reed) Pat Mitchell 9U C Ratter (3) 67 — 

6 (7) 00 BRAZILL1AN PRINCESS (Roldvata Ltd) P Keflewey 8-1 1 T w a rns S3 4-1 

7 12) 222 CHORITZO (C Wright) R J Wiliams 8-1 1 J Reid *99 FI-2 

8 (3) 00 GOOONK3HT MASTER (A Russel) A Moore 911 M Wigham 

10 (4) 00 SALMAS (Mil, D VeasoylJ Winter 8-) 1. PRotmon 62 7-t 


Yarmouth (71. good. Sept 1 7). Earlier |B-5| beaten a head by Cooper Raring Nad (8-1) at Ayr (61. £943. good to 
tirm. July 25. 9 ran) 

Selection: TREMBIOOUS JET 


4.15 EBF SOMPTING MAIDEN STAKES (Div II: 2-Y-O: £1,109: 6f) (5 runners) 

2 (11 3000 MALAC19 LADJMrs D Smai) Rai Mtchefl 90 PBradwea — B-1 

3 1 3) 003000 STARS IN MOTION (Mrs G Ward) D Artwtnnai 90 J Reid 74 14-1 

5 (2) 0 AUNT FRANCES (D Pram) J Winter B- It B Rouse 82 198 

0 14) 00 DEEP RAPTURES (Hesmonds Stud) DLamg 8-11.. 8 Procter — 5-1 

8 15) 03 INSHAD (BF) (Hamdan Ai MaWoum) A Stewart 8-1 1 —. — — H Roberts • 99 F5-4 


of 6 to Sizzling Melody (8-H) at Royal Ascot (51. Group 3. £20086. firm. June 19). CHORITZO (6-1 1)6> 2nd to w bwowto ewKH 

SojnrtafTa (6-1 T)at Goodwood (St. 0431 . good. Sept 29. 23 rani, with GOOONKSHT MASTER 18-1 itunpiaced. FORM AU*T FRANCES (8-H) beaten 10M by Abhaaj(B-ll)at Lmgfwldffil. E1337, good. Sept 16. 13 
SA UNAS 1 8-11 MKi&ih to Veryan Bay (8-11) aai UngheM (51. E1268. good. Sept 16. 11 ran). rWIIIVf ^ inshad {S6j 31 M of 9 to Greencastle HiB (8-8) at Goodwood (6f. 2236ftgood7Sept 12) 

Selection: CHORITZO e ‘ "*■ 


Selection: INSHAD 


2-45 SALTDEAN 


3 (10) 21304)4 
5 (11) 041000 


7 (4) 038040 
14 (7) 000140 


15 p) 0-00020 

16 (8) 210432 


HANDICAP (£2,617: 1m 2f) (13 runners) 

FIRE BAY (RCD) (A Thompkms) P Haynes 5-96 

LEONHJAS (CD) IG Ward) DAiouthnot 8-9-3.. . 
SALLOOM (CO) IB Doodyj W Ha5irff.-a.is3 4-9-?. .. 
SINGING BOY (G Eden) A ttde 5-8-13. - . ... 


18 (6) B30O21 

19 (5) 00-0001 


26 (?) 400000 
31 (1) 000130 


32 (9) 00/000-0 
34 (13) 304231 
36 (12) 090000 


SALLOOM (CO) |B Doodir) W Hastfigs-Bass 4-92.. 

SINGING BOY (G Eden) A rtde 5-913. - . .... 

NASKRACKEH (8F) (B Hearse) G Harwood 3-912 .... 
FOOT PATROL (Q (Mss L Evnnsl P CundeU 98-1 1 _ 

ON TO GLORY m) (J Barber) J Duntop 3-910. ... 

TRUE WEIGHT (DIIMrs J Cundy) M M<WpwK* 4-99.. 

COSMIC FUGHT (E Peate) M Usher 392 

WtLLBE WILLBE (Mrs C Brnum) C Brmam 97-12 

FRENCH EMPtROR (O (J Ffttch-Heyes) J Ffrtch-Heyes 


7 Wtfbams 94 191 

J Rod 93 12-1 


ft Lines (3) —141 

. MFmzard 96 — 


FRENCH EMPEROR (Cl (J Ffitdi-Heyes) J Ffrtch-Heyes 4-7-12 0 Gteon — — 

INWS MAN (CJ3) (Vrhitbng Caneno&taa Ud) W Hcfiden 97-10 R Mwse (S) »99 91 
TINA ROSA (V) (S Wmgfietd Digby) D O'Donnell 3-7-7 — 


. A Clark 93 4-1 
C Rutter (3) 97 5-1 

B Reuse 94 F9? 
. E Guest (3) 93 91 

. M Wigtown — — 
MRODMi 95 — 
OGAnon — — 
R Morse (S) »99 91 


4.45 SOUTHDOWN STAKES (Amateurs: £1.648: 1m 4f) (8 runners) 

l M1 groooi HEIGHT OF SUMUBU DIR Cnachley) D ArbudWrt 5-1 1-11 M Armyti 

3 14) 200033 WILD GOffiEH (V.O) (A Rosw 0 Oughton 4-11-6 G Webster 

J (7) 0000/0-0 CAU90L0N IG Mnchefi) Pat MdchifiJ 12-11-3 EKfeione 

5 (3) 00/000-0 HNSOHRE (K Higson) A Moore 7-11-3 S Cowley (5) — 

e (5) 00/0004- HAWSER ID YftSsiM MaogwKk 4-11-0 D Madmrick 

I {6} 322393 STORM HOUSE (Mrs N Mnrs) K Brassay 4-1 1-0 T Thomson Jones SB F7-4 

8 (8) 960 KAUMPONG IA BumhamfP BuBer 4-10-11 ABurSam® — ~ 

10 (2i 00 OUR HERO (OetttJey Wood Racing Ltd) J Dunlop 3-10-9 RHutcMnsan «S9 11-4 


FORM GSO ^Jweg».o»er HyaWn (912) m h cRp at Beverley (1m 4f. E1882. 

I vrr Iin firm Sept 24. 13 rani. WILD GINGER last ran. hera. 6 weeks ago when 4*i 3n3 to (8-13) io 
Tempest Tossed I9l3)(lm 4f. £2061. firm. Aug 28. B ran). STORM HOUSE (95)had been off the trade tor a 

year pior to 61 Bam 3rd to Farm Club (97)tim2f SOyds. 0204. goodto firni. Sept22. 12 ran). CHIR TORO has, 

Bean 6m o! !2 m2 Nottingham maidens tlm 2f). larady (90) when i mi behind Bananas (96) (El 372. good. 


Aug 12. 12 rar) 
SefaKhon: STOI 


FORM BOY Dehmd Iasi tune. Earlier (951 beat Npoto (9-0] Hat Pontnfracr (St. £2582. good to 

* vlltTt firm. Aug 6. 8 ran). Last season 3rd to Super Top at Nomngham. showmg he stays the trip 


STORM HOUSE 


' ft m. Aug 6. 8 ran). Last season 3rd to Super Tnp at NonmWwni. showng he stays the trip 

NASKRACKER rtf the course s«xa early August. His best effort when (98) a 2nd to Blenders Choee (9-0) at 

Folkestone m July <1m 41. 0303. good to firm. 13 ran). FOOT PATROL 19131 2hl 2nd to Marsh Hamer 1941 
here Earter (8-0) course and distance 3rd to Hawaiian Palm (910) (£2847. firm. Sept 17. 14 ran), with fire 
BAY, winne r of th is race last year under 9st Sfc. was a away 4th (91 ». LEON RMS (97) 41 tuck 6tn and 
FRENCH EHPEROfl (7-7) behmd. ON TO GLORY [8-61 came late and last to beat Tom Forrester |9 2 ) li at 
Folkestone with LEONIDAS |981 2 ' .-) away 5th tlm 2t. £1779. firm. Sep! 9. 1 5 ran) TRUE WEIGHTS wins have 
Oath come m Amateurs races: last wne(1 1 -i| beatmg Irish Hero (12-0) II at Ftaestone I f m 2f . £1 14S. good lo 
firm. July 15. 15 rani. MMI1S MAN (91) beat Hamper (961 a neck at Goodwood last week (1m 2f App'ce. 


Course specialists 


£2526. good. Sepi 30. 22 ram. 
Selection: NASXHACXEK 


45. good (0 
i 2f App'ce. 


G Harwood 
P KtHte-uay 
Vi H-Bass 
K Brassey 


TRAINERS 

Wftnners Runners Per ceni 
32 132 24 2 

13 68 19 I 

6 3J 17.6 

8 S 14 5 


T Williams 
P COOk 
B Rouse 


JOCKEYS 

Wmners Runners Per cent 
12 TO 152 

23 200 11.5 

33 387 15 


l Oi^v qualifiers i 


(Only qualifiers) 


NEWCASTLE 


RADIO NEWCASTLE HANDICAP (£2.663: 1m md) (20) 


320300 MOORES METAL (CO) i Mooes LM) R Hobnshead 9910 ACuAane(7) 

00200U ARISTOCRAT VELVET (D| (D Wosskow) J Elfiemgton 4-910.... S Cauthefl 


Selections 


000030 BELLA 8ANUS (C.D) (R Stephen son) iv a Stopnenson 4-g-i .. M Hbxfley (3) 

022202 O I OYSTON (CD) (J Berry) J Berry 1999 JC«roa<7) 

913300 SAND-DOLLAR (BF) |G Waters) M Prescott 399 . - . GDuffloU 

090000 SHARP SHOT (D) (Wndltower Holdings) J Dunlop 599 W Carson 

030113 210 PEPPINO (C.D.BF) rC Lloyd-Jones) C Ltoyd-Jenes 598 Jube Bowfcsr pi 

031000 HEAVENLY HOOFER (D) iJ Biancn) Denys Smth 397 LChamocfi 

ooarau VERBARHM ICOt (Mrs J Ramsoem Mrs J Ramsden 696 . NON-RUNNER 
244144 SHARON'S ROYALE (0) iW Bjrcri) R Whitaker 396 . ..... K Bradshaw (S) 

303430 HENRY'S VENTURE (D Chapman) D Chapman 4-94.. . A Proud 

000000 SINGLE HAND (Q (Miss D Chnon) D Chapman 692 J CoBagban (7) 

100000 KAMAR^SS (M Brma-nj M Brmam 4-8-1 .... . K Darley 

012120 OUAUTAIRESS (V.CD) (Ouoktair Enoneermcr) K Stone 4-84) - . P Burke (7) 

33300 NORTON WARHKJH iMaj J Urtevl MH Easterby 37-12 M Wood 

04900 NEW BARfCT |R Moody) Mrs J Ramsden 4-7-11 .... Abtgafi Rtchards (7) 

000002 BAXTER GATE iMm J Pavnel J Payne 37-10 - . - A Macfcay 

400210 ROSSETT (DJ3F) (T Craqi T Crag 7-7-9 - JQimfS) 

00-000 ROCK SALT iPLewrSlV: Pearce 4-7^ M Fry 

920040 GOOD N SHARP >a Ouffietdi G Calvert 5-7-7 J Lowe 


Bv Mandarin 


2.15 Zacbycv. 

2.45 Datallia. 

3.15 Qualiiaircss. 
3-45 Indian Orator. 

4.15 Bolero Magic. 

4.45 Old Maestro. 


By Our Neivmarkei 
Correspondent 
2.(5 Schmulzig. 

2.45 Nozcl 

3.15 Sand-Dollar. 

3.45 — 

4. 1 5 Be Jero Magic. 

4.45 Dollar Seeker. 


Bv Michael Seely 

2.15 ZARBYEV (nap). 4.15 Bolero Magic. 4.45 Old Maestro. 
The Times Private Handicapper's lop rating: 4.15 BOLERO MAGIC 


in onnamj nn omram a-B-i .... _ _ . . _ . . 

S (V.CD) (Quanta it Encmeermg) K Stone * 
ffliOH iMaj j urdBV) M H Eastertjy 37-12 
r (R Moody) Mrs JRamsaen 4-7-11 


- KBn,d M 


K Darfcy 

(-90 _ . P Burke (7) 

M Wood 

Abtgafi Rtchaids(7) 


A Macfcay S3 a-i 

I Quinn (5) 94 7-1 

.... MFry — — 


Going: firm 


Draw: no significant advantage 


1 (4) 

6 PS) 

7 (10) 
10 (?) 
11 ( 12 ) 
15 (I-*) 
23 (1) 

25 1 5) 

26 (ID 

27 (7) 
JO (3) 
at ta 

34 (J31i. 
36 (6k« 

39 (9) 


00 ALVECOTE MAGIC (^) (0 Cotfans) C Trader 90 .. 
DANENSIAN (Hippotfiomo Rac^xj) M W Fasterhy 90 

000 OANSE ARABE (Mrs D Braper) A Jarws 90 

0000 FIEDOIE ASHTON (E) ILord Hanmgton) D Moriey 90 

GROSSEN (Lord Motthenst M Camacho 90 

0 KEWTtNTS LAO tKenton Utiboesl Junmv Ftagerald 90.. 

0 SCHMUIZtG (V 2uco) L Curnani <»0 . . 

0 SPRUCE BABY tfl Enwunenn) S Norton 90 

00 THE MAJN MAN (A Richards) C Bntlam 9-0 

00 7RY.MY BRAIB1V (BF) lA Oorej B HRs 90. 

WKJ.RAINE|MraiHaire)TBarron90. . 

32 ZARBYEV (BFJO Brody) G Harwood 9H .. . 
CUSHJNA (Mrs A Chapmani M Prescott 9)1 . 


00 HAPPY HARRIET iMtsSBrootriWgrsey 8-11 
MAROUETER1E iC Gokfing) J W Watrs 91 1 


161 003100 NOZETfN PtuUpSlW Jarvis 9-1. . 

(41 030022 BLACK DIAMOND (A Sotfin) A Jarm 90. 

!•» 424110 CAPRICORN BLUE JV.D) (P Asaoilhi Jcnmv FiBgwold 90 

In '010432 NAP MAJESTICA (D BomaHI M Camacho 90 
000000 TAXI MAN (Mrs O Stoewi K Stone 8-12 
IS) 300 DAVALUA (Lord Fa»hOv«fil U Mortev &-11 

320000 OPriMtSM FLAMED (C Webiier) Mrs J Ramsden 910 


. .. . M Bocfi 

80 12-7 

. HHWierO) 

54-1 

DMfcftote 

— . 

. . . R Guest 



DOorato«(7) 

— ■ 

. — — 

14-1 

RCschnw 

■7 <-l 

.. J Lowe 

91 12-1 

WCtraon 

84 10-1 

. . . G Cauihen 

98 5-1 

... M Fry 

— 16-1 

G Start ey 

• 99 F5~ 

G Outfield 

14-1 

C Dwyer 

— — 

N Connorton 

14-! 

runners) 

G Start ev 

-.J 

. . J Lowe 

85 4-1 

S Cauthen 

91 ?-2 

□ NKtaoUa 

98F6-2 

Mftrcfi 

83 12-1 

R Codwane 

• 99 91 

MBeecraft 

— 191 


3.4S HEATHFIELD HANDICAP (3-Y-O: £2.264: 2m) (7 runners) 

2 ‘7\ 313440 INDIAN ORATOR (5ne*fi Monammeffj B Hifls 97 

7 M, 004 MSHAm PALACE (Dirvi Stud LaiJ Dunlop 912 .. 

8 »2I 0002 COMAZANT ADduOa) G Harwood 6-1 1. . 

10 iol 003041 MMBLE NATIVE iBADWhlS Norton 99. 

16 lit 044304 LAKISTE (R Sangsieri .» \v Wans 8-0 

17 'S. 003403 GRATIFY. ELMefPVValwvn 7 12 

:e .4* 330202 DENALTO (A Crawford) Denys Smith 7-10 - 


.. S Cauthen 

W Carson 
. ... G Starkey 

J Lowe 

N Connorton 
N Howe 


MFty *99 12-t 


4.15 NEWCASTLE UNIVERSITY TURF CLUB STAKES (3-Y-O: £1.450: 1m If) (6 
runners! 


41 ICHNUSA |f."rs M La n O> J Dun-jp 9-4 . . 

20-0001 SHINING SKIN iMa*-jun «i Mahtoumi P v.-aiwvn 94 
22 BOLERO MAGIC |BF)iMSami3isin.3titHC«*» 90 


09000 LATRIGG LODGE (HccMey P*g C Smnti Udi N Bycroft 96 !. .. L Cfw 
0 NO IDEA (Mrs V f/oorevi -.1 H Eosiarhv n-0 u 

000000 MUSICAL AJD it Cra-.ji T C-a-J 9-1 T A Mi 


W Carson 97 2-1 
N Howe 84 5-2 
. S Cauthen • 99 F6-4 
LCfiomodk — 33-1 
U Bach — 14-1 
A Macfcay » 331 


Abdulla’s 

charge 


Celebrating in 
style with 
Dancing Brave 


GreriUe Starkey was back m 
the Dancing Brave cokrats erf 
Khated Abdulla when be 
partnered die 13-8 hioorite 
VigliottD in die Doaniagton 
Stakes at Bath yesterday, bait it 
proved another aafortmate 
experience. 

The colt did wt joap eff too 
well in the big field, and was WeD 
behind as they nu into the king 
turn at the bottom of the covse. 
He got a 'good raa an the nafl, 
®#jssg a ietoC grand, bat then 
fanmd his nay stopped in the 
straight and lad to be switched. 

Although flying at the finish, 
he only managed to reach So nth 
place, just under two lengths 
behind Battalion, who street the 
front inside the Baal furlong and 
stayed this extended mile well to 
win by a length. 

Battalion, trained by John 
Dunlop, was yet another winner 
for the in-form Brent Tho msen , 
whose contract with. Barry HQls 
finishes this season. Thomson is 
not sore yet whether hell be 
riding in Britain next year or in 
the southern hemisphere. He 
said: “Fve got to malcea decision 
soon, probably within the next 
fortnight. There are a couple of 
people I’ve pit to speak to.** 

Battalion, who was 
TlMHBsaa's 58th winner this 
season, is expected to develop 
■ into a very nsefol mile and a half 
campaigner for the Dunlop sta- 
ble next year. 


It was business as usual at 
Pulborough- yesterday as 
Coombelands Racing Stables 
a waned the return or Dancing 
Brave from, his record-breaking 
win in Sunday's Prix de P Air de 
Triomphe. . 

Guy Harwood had already 
flown -to- Dublin to scan the 
potential stars for I9S8 that will 
be on. offer at Goff's invitational 


By Michael Seely 

usual at combined with the stamina 
day as necessary to win over a mile ana 
Stables a half and that they must never 
Dancing foil to gfw>c their raining, 
breaking Using these standards, as a 


yearling sales today- 
Geoff Lawson, the. trainer’s 
brother-in-law and assistant 
trainer, had gone racing at Bath 
as . the stable attempts to beat 
Henry Cecil in the race for the 
first trainer to saddle 100 win- 
ners in 1986. 

* In their absence Chris 
Kinane, another stalwart of this 


powerful team,, was. holding the 
fort- “Dancing Brave . arrived 
back at tea-time,** be said- “He 


Gerard as a versatile and consis- 
tent colt of the highest possible 
calibre. , , 

And if you go back further 
and take Tantieme. Rrtxtt and 

Sea Bird II into consideration. 
Dancing Brave must beassesed 
as one of the eight best colts to 
have raced in Europe since the 
Second World War. 

The words versatile and 
consistent are ail important. 
Vaguely Noble, Rheingofd and 
Alleged were also impressive 
winners of the Arc. And m uk 


A £2. 2m equine centre at 
County Kildare, dedicated to 
aiding and improving Ireland's 
horse industry, was opened 
yesterday by the country’s min- 
ister for sport. Mr Sean Barrett, 
(Our Irish Racing Correspon- 
dent writes) . 

The bloodstock segment of 
(he industry represents a £500m 
business, which directly em- 
ploys more than 12.000 people 
and indirectly another 12.000. 
has provided the lion's share of 
the funding for the new centre 


Irish bloodstock sales. 

The board of governors is 
chaired by Paddy McGrath and 
includes both past and present 
senior stewards of the Turf 
Gub. Denis McCarthy and Lord 
Hemphill. The centre has lab- 
oratories for both diagnosive 
and research. 


Starkey had better leek in the 
following event, the Morris 
Dancer Handicap, when be 
farced a dead-heat on 
Harwood's 6-5 favourite, Elbnry v 
Park, with a 20-1 chance. Super 
Punk. 

Starkey claimed an outright 

victory lor the Pnlboroogh star 
Me when El Conquistador ended 
a frustrating run of three consec- 
utive seconds by beating 
Tigerwood by half a length in 
the Westmorland Handicap. 

El Conquistador is a son of the 

1978 Derby- winner .Shirley 
Heights, out or a half-sister to 
Mountam Lodge and this was 
his first-ever success. 

• Ladbrokes have reduced 
Sneak Preview’s Tote 
Cesa rewitch odds from 25-1 to 
14-1 folio whig the six-year-old's 
Wolverhampton victory yes- 
terday. Bannerol is 10-1 joint 
favourite (from 14-1) with Floyd 
and Pactolus. 


came back by road -and boat via ' 
Dover.” ••••.•■ 

Kinane said: “We’ll remem- 
ber yesterday, an our. lives. The 
sight of all tbose riassrc winners 
spread across the track was 
fantastic. As soon as be was past 
the post, I rushed down to the 
local off licence to buy four 
crates of champagne and all the 
beer Lha l I could get imom year. 
We then had quite a party on the 
lawn." 

Sunday licensing laws must 
have gone temporarily by the 
board in leafy Sussex m sym- 
pathy with the epoch-making, 
events in Paris. £ 

Dancing Brave will now be 
prepared for an attempt to 
repeat Pebbles’s 1985 victory for 
Britain m ibe $2m one and a 
half mile event oh turf at Santa 
Anita on November I. when 
Sonic Lady and Double 
Schwarz, Sunday's Prix de 
I'Abbaye winner, wDI be other 
home-trained contenders for the 
world’s most valuable day's 
racing. 

Khaied Abdulla's champion 
will travel to California with his 
reputation boosted sky-high af- 
ter Study's win. So with Par 
Eddery's accolade as "the best 
horse T have ever ridden" still 
ringing in our ovef-exched ears, 
now is the time for an attempted - 
evaluation of his merit 

The criteria by which great 
horses have always been judged 
are that they must possess 
sufficient speed for a mile. 


12 years Grundy, Troy. 
Sbsrgsr. Golden Fleece and Slip 
Anchor have been outstanding 
winners of the Derby- But with 
the possible exception of 


as much speed over a mile as 
Dancing Brave. 


What made last Sunday's 
ictorv unkiue was its style. 


victory unique was its' style. 
Never ra living memory has a 
horse coroe from so for back to 
overwhelm so many winners of 
group one races. It was certainly 
the highest calibre field for an . 
Arc since Sea Bird II beat 
.Diatonic II and Reliance in 
1965, 

Those who bought shares in 
Dancing Brave when he was 
syndicated for £ 1 4m must now 

their shrewd ness^ The value of 
the grandson of the prepotent 
Northern Dancer has certain 
soared overnight. But talk of. 
him now being worth' as ranch 
as £30m is pie in the sky. 

The value of stallion shares 
has fallen in the past three years 
and is now more in line to what 
prices yearlings can command 

The average at last week's 
Highflyer sale declined for the 
third year running from its 1984 
peak of 92,520 guineas to 77,636 
guineas. It will, therefore, be 
interesting to see if this week’s 
Goffs sales are able to reverse 
the worldwide trend ■ for the 
third consecutive year, as their 
1985 average showed a slight 
increase over the 1984 figure of 
35.472 Irish punts. 


WOLVERHAMPTON 


Selections 

By Mandarin 

2.0 Nabras. 2.30 Mitala Maria- 3.0 Peter's Blue. 
3.30 Fairy Gold. 4.0 Cieofe. 4.30 Jacqiu Joy. 

By Our Newmarket Correspondent 
2.0 Nabras. 230 G G Magic. 3.0 Blazing High. 
3.30 Ivory Fields. 4.0 lyamski. 4.30 Bonny Light. 


&30 EBF BUSHBURY MAIDEN FILLIES STAKES 

(2-Y-O: £1.132: 1m If) (\ 1) 

2 0 AUMWH Thomson Ams'9t1 A Many 1 

• 3 0 APFEALMGDWCe<MJarra9tt. TLn>9 

7 0 DGXA ROB8UM Pipe 8-11 SWtertiS 

8 4 FMHY GOLD MW Dichsison 8-11 BTbonacpS 

9 03 IVOHVmDSM Starts 911 WRSmtan T! 

11 M LAGTA J Dontop 911 O fitter 2 

12 MfSSPENGUMWHSStiflgfrfiUs911 H Wv7 

16 0 SCATma> SHOWERS OBsmrtii 911 AMcGtoM 4 

. 18 TRBAL PAGEANT IMoOishb 911 GMeMoIO 

19 0 TRIVIA PWafiwn 911 PorfEdtinyC 

20 0 VEST7U. FLAME (Balding 911 Ttwsl 


9-4 ivory Fitts. 3-1 Fairy Goto, 91 Appaafiqg Dancer, 
Scattered Stiowws, 91 Jthstal Ramu, KMLagta. 12-1 others. 


Going: film (good to firm on Gtrafgbt course) 

Draw: 5f, high numbers best 

2.0 EBF BUSHBURY MAIDEN FILUES STAKES 

(2-Y-O: 21 ,145: 1 m If) (14 runners) 

3 (M 

4 oo 


10 BOSCOBEL OAK FILLIES HANDICAP (3-Y-O: 
£2,166: 7I)(17) . 



■PHttNatHI 
HG Safer 17 
WRSwrtww4 


7-4 Nabras. 3-1 

Detach DefighL 91 ( 


s Pride. 5-1 La Vie &i Rose. 9! 
>-Bas. 191 Russian Lullaby. 


1 1031 CLE0FE(D)L 

2 0000 IVORY 
• 3 3W lYAHSHW 

8 1600 CORRALS JOY J 

9 010 PE1HFrmfinGBaUng94 J WW — J 7 

12 0136 T7U-WONG (B&) M Pipe S-t SWttwerthS 

13 2000 FESTIVITY DArtwtfmot 9-0 G Carter 16 

14 0020 CANAPMN GUEST H Candy 9-0 WNmmJ 

15 0024 NATUA P Makin 913 : TCWrelO 

16 0000 8U1YB3E KINGDOM fl Hcttshuad 9T3_ S Pafix 14 

19 OMO CELESTIAL DRIVER Hanoi 8-41 AMcGfcmett 

22 0040 MAOBIOraB-LE MAGMA S Norton 8-8 M His 13 

23 00W AITCHAWOUBEETOUT Barron 69 : Tttafi 

73 2340 AtMABHJJNA(BF) G Wragg 8-6 — RMfel 

28 0081 BROADHURST Qfl J Eftiimon 96(6«x) . A Moray 2 

30 0010 HAYWAMIVJLfiiF) B HMi 94 BTtafeon9 

31 0023 SKELTON (DlMWEasMtay 69 Rau(Eddoyt2 


Z30 FINAL FLING SELLING STAKES (3-Y-O: 
£893: 1m 6f 110yd) (9) 

1 0421 GG MAGIC DMofey 92 A Moray 7 


4-1 Oeofe. 91- Natt. 91 (yamsW,91 SheOan. Tta Wong. 
191 Canadian Quest. 12-i Petray. Haywtt. 14-1 othora. 


2 4301 LffiAKATY (C) M McCouft 9T3 

3 CHARIOTS OF FIRE D Tuchar 911 ADJcfcs(7)4 

5 0024 REDALLY WWtartwi 911 : — 2 

7 0000 TWER GATE R HoUtoshsad 911 PDa4too(7)1 

10 4004 GORLAMNGO A Ja>nes66 —6 

11 IOVE YOU ROSY Mrs GRewMyM —3 

13 0230 MITALA MARIA A Stawart 98. WRSwMibrS 

18 -002 TTRANMSE B McMahon 66 

94 Mitala Maria, 7-2 G G Magic. 92 Tyrannise, 7-1 
Lrsakaty. 91 RwJaRy, 191 others. 


.. A Moray 7 
RWamfenS 
, ADicta(7)« 

Pftiitoo(7) t 


430 AUTUMN HANDICAP (3-Y-O: £1^83: Sf) (15) 


2 0012 BONNY LIGHT 

3 930 HNGSRHGO 

4 OMO MRALAIASSI 
6 3041 COME TO THE 


QRStea*ar97 AfihonRs(q7 

enteyM JWtatl 

l) B Mrffetwn 913 JHMo{5)12 

ALL R Hannon 6-11 (7ax) 

BThooson* 

C Bansttt 9i0_ W R Srtntaat 11 


3.0 STAFFORDSHIRE NURSERY HANDICAP 

(2-Y-O: £1.965: 51) (11) 

4 034U 



7 ooio MUHTARn«mcBenstBad9iO— WRMutaat-n 

8 004t MERRYMOUES M McCDuR 68 RMmkanl 

9 0000 ARDENT PARTlB»RHoWar»7 SOaramfi 

10 0204 STMeO© 00*097 — s ; Tim 13 

11 4000 BRDGEOF GOLDP)TBanxn9S MCarMe.10 

. « 4234 NAGBI L Banatt 91 PH«mi4 

16 40W - LEFT RKfiff (D) Mra N MKaulay 66 RHBil5 

18 0000 SKYLHyEn Mre C Reawy 7-13— GDfcMt « 

(9 20W NOimBSl LAD mil Hod 7-13 NAfemfi 

22 00» TAMALWUS TO H CoAiwdga 7-9 BCttttyS 

23 0212 JACOUIJOY CT K (wry78_ GBardrai (7)2 

73 Bonny LigM, 9-2 Cana To The Ban. Mesrvmotoa. s-1 ' 

Muhtaris. 91 LrtfffighL Ttenaipais, 191 Nogsro. 12-1 others. 


p warn 14 
— RHfeal5 
-GDttMM 
. NAOanfi 


11-4 Peter's Btoe. 4-1 Absolution. 91 Stivers Ere, 7-1 
Nason's Song. 91 Blazing High. 191 Oi Your Princess. 


Course specialists 

TRAINERS: J HMtey 5 winners train 20 -runners, 264%; j 
Dunlop 11 from 51. 21.6%: S Norton 6lrom 38. 21iRb:M 9totdft 
10 tom 49, ZMSfc (only 4 quaafiere). 

JOCKEYS: T Quinn 11 winners Irani 66 rides. 16J%: W R 
Swinbum 11 frotn>. 15^%(octfy 2quaHiere)- 


DEVON & EXETER 


Selections 

By Mandarin 

2.0 Royal Rehearsal. 2.30 Five Quarters. 

3.0 Allied Newcastle. 3.30 Coral Harbour. 

4.0 Leading ArtiSL 4.30Turcy Boy. 

Going: firm 


2.0 SCOTS P INE NOVICE HURDLE (£494: 2m If) 
(7 runners) 






2 064 

3 0-W 

4 POOS 

8 
7 

9 309 
13 

5-2 Mao About Ya. 91 Royal Rehearsal. 9-2 
lY-2 Needwood Leader, 8-1 Grtdan Triangle. 12-1 Cc 


2.30 SITKA SPRUCE NOVICE SELLING HURDLE 

(3-Y-O: £385: 2m If) (6) 

t 104 ANGEL DRUMMER A Ingham 199 KCapten(7) 


04 ANGQ. DRUMMER A Ingham 199. 

0 CROWN COLONY Mrs A Kraft 197- 
F0 fiJRFtZYCALWVWlams 197..—,.. 


3-0 DEVON FUELS DUCHY OF CORNWALL CUP 
HANDICAP CHASE (£3,798: 2m 6f) (5) 

-2--1F1 ALUED NBVCASTLED Bsworth 911-7 ; C Brawl 

3 640 R1MMMG COMMSfrffFJR Hodgw 1S-1WL JVlSE 
9 -KW AFRICAN STAR R Roa9197 ^^ 

11 2232 THE-FLOORLAYER J Befcar 9197 Lltawjm 

72 MP TOWN SPECIAL D R Tucker 7-1 97 I SMriMM 

- . AOttl Newcaata, 92 The Ftooriayer. 7-2 Afrfcai s m. 

91 Running Comment, 20-1 Town Special. 

3.30 HAPPY EATER FAMLY RESTAURANT 
HANDICAP HURDLE (£1,710: 2m II) (fi) fW, T ni 

2 920 TIGHT TURN (CtLBFIfl Hon T-n-7 . t 

3 1« B^-LTWEST RHoSns9l 1-6 „ H FffcrSj 

S .-081 CORALHARSOUR ftSTwarflte 4-19)2 geO 

? ss aBsss^ss^'BsS 

71 /W) BRULOWAY Frsiwr 1 
9-4 Coral Hartjour. 114 San Carlos, 9-2 p— ^ 
11-2 Rying Officer, 7-1 Tight Turn. 191 Btfdtoma* 

4.0 DEVONAW . RADIO CHALLBIGE CUP 
HANDICAP CHASE (£1.662: 

3 -344 LEND9IG ARTISTfCl Nfittiee 17-11-7 PSetMlM^ 

I £ 

j SS 


3 re MR RZVC AL W W Htoins 197.. — PHtaraeoBlTI 

a NELSONSUPERYANXEE P Hastsm 197 5 Kdghfev 

7 03 RVE QUAR TERS LCotiaffl 162 PfaS 

10 030 REPETITIVE M Pipe 10-2 PScndnm 

9-4 Repfetiw. 11-4 Five Quaners. 4 -t Angel Dnnnmer. 
-1 Nelson Suparyankea. 14-1 Crown Colony. J91 Mr FLncaL 


.B fPn- HOafcHtHutN L Cotirefl 8-190 GeoraeKnjaM 

5-4 Lading Artist 92 CaWo Harnta, 4-1 RW 
91 Lerey DU3L1A-1 RoMbergen, **""■ 


Superyanhee. 74-1 Crown Colony. 791 bVHrycaL 

Course specialists 



AM SOOTS PME NOVICE HURDLE (Dw IP: £497- 
2m 1 ft (8) - . . 

1 91 CHRCQTS SUPPER 
5 -204 MBDUN TMtANG M 

8 p-a TUBCY SOYA tnghwn 5 - 10 - 

9 0 TYRO PRINCE R CurM 4-1 0-12 

70 P00- CAROLINE RANGER R ttodgas9197 

12 940 LAOYKBXANEmNGfeSra4-1o!7 

13 BOM MBS SWCLAB T PRoaars 9197 -j-L 

14 09 UMCORH6RED JD Roberts S-IP-7 - 

_ . S-2CtirHt y>jaigper. 11-4 Lady-KMane, 4-7 Mto- 
91 Uneomerad.91ToTey Boy. 191 MfcJdtin TTvw^ 


Costly Pelf disappoints behind Another Guest 


Course specialists 

EHS JOCKEYS 


: PRINCESS MAIDEN STAKES (2-Y-O: £3.1 34: Ira md) (13 runners) 

004 ANGEL CITY (C Humfitii j Dunlop 9-0 . . . wcwton 


Pelf, who cost £lJ&m guineas as a yearling, 
proved just as disappointing when tried over the 
minimum distance at Wohorhamptna yesterday 
as she had done over six furl o ngs on foarpreyions 
occasions. 




Cftanvooei 
H Csol 

j Ountap 

B.Wtfc 


TRAINEHS 

Utfiima^! Hurttiers Per cent 


9 

23 

39.1 

It 

30 

36.7 

12 

34 

35 3 

12 

5J 

22.2 


(Only qoafiJicrs) 


S r«r. 

Winners 

15 

flunno-s 

45 

Per COT 
32 7 

•1 • 1; 

G StdtHey 

5 

34 

250 

' •4* 

M&rcli ‘ 

29 

205 

To 4 

23 

GDuft'tt 

13 

nr 

fl 1 

24 

N Gcinnonon 

12 

it' 

10 3 

2: .’i 

L Cnamocii 

14 

146 

S.5 

3J i)0i 


004 ANGflLCITY iC MumC'Tiri) J Dumao90 . 

BAVARDAGE iC Bume) N Bvnoh 90 

w bo«afortune-,M''.'.j Hoy,aroi0 Money 90. . 

0032 DOLLAR SEEKER (BF) (T K a, or 90.. . 

0000 GOLDEN TREE iMrj P fcnqi j Et-iermaon 9-0 

0 JAZZ DANCER iM's D &aiieri a Jar-.i? 9-0 
0040 JJ JIMMY .J 5 J iran'e, Lrj. J.t H Easreitv 9-0 . 

02 OLD MAESTRO (BF) iSK^i.r JJanaimwer u Horocoo 9-0 
000 REEF OF GOLD fCob: M L^'nost C Bn"tain 9-0 

03 SNAAN iStvyrn MORammegi H Cecil &-0 

0 STRAY NO MORE ftlr, j aanwer*i T Barron 90 

0 STRONG SEA U Hexumi u h taswftv id .. 

DAFFODIL iLaoy Mairlonaic*Bu;narjn) m Prescott 9il " 


. cower 
R Guest 
R Cochrane 
. K Darley 
D Niche*! 
... MBvch 

- G Starkey 

. . JLtWN* 

- S Cauthen 
. M Fry 


• SO 3 -1 
93 12-1 
« 7-2 


K Hodgson 
GDuflidd 


Sheikh Mohammed’s filly, 7-4 hrauntt for the 
first division of the Dediey Maiden Stakes, 
chased Sriterpan for the first three furlongs, after 
which (he pair weakened and Another Guest and 
Wantage Park took command. 

Another Guest, with (he advantage of a ran oyer 
her rival, quickly gained die upper hand to heat . 

■ Mick Ryan's newcomer a length’ and « half. 
Another Guest who cost only 6.000 guineas, was 
a 20-1 shot, aad her success under the apprentice 


Sheather's horses have only struck form m 

W * ««**■ — 1 .1- fe» wnT^Tta 

winpexs.tiirs season. lores he who laraaehed 
Cochrane, the new. first Jockey for Laca CumW 
on his career, andSheafo^ Is bopWhe^^ 

lU cm. Onnhc - ^ =»» tfo 


the same for Shonhs.’ • 810 

Petros Seventy, ak' aB-the-wgy wjiner « 

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Beverley last omtfu w 6-4 Ctvourita Cnr Jr 
Serfgetev NHrs«y S^^ Handirep. ^ g 

Maikmorlirf nill iftart L w t fifliu Zr™ _ 


Newmarket col* again led from start fo ftSLi, 7? 
the bands of Tyrone Williams. IUM *» 





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racing 

British 
raiders 
triumph 
in France 

From Our French 

Correspondent Paris 

scaaS? 22?* dominaled *he 

attractive odds. 

Sieve Cauthen rode H Cuite. 
iSEi by t enry ° Bta * ‘o 1 * 

melt win in the Prix Royal-Oak 
wom Alesso, with VauJaWe 
)J[jI? css ***** Faborola a short- 
neck and a neck behind. 

H Cuite led inside the final 
-furlong and had taken a hold on 
“* 1306 before the runner-up 

vSIWJP squeeze between 
Valuable Witness and Faburoia. 
a^so finished But, but too late. 

WteJS&i^BSS 

ttt&JFsb = 

Md a naif furlongs to ran but 
stayed on courageously. 

Henry Cecil initially wanted 
» .suite * who will stay in 
tranUM next year, to run in the 
5”* 81 Le 8er. but the Vaguely 
Noble colt’s owner. Sheikh 
Mohammed, already had I 
Warn To Be and the subsequent 
winner, AuthaaL, lined up For 
that race. 

Rejuvenate and Ore. the other 
British runners, filled the ho 
two places. 

The Paul Cole-trained Sarab 
gave Richard Quinn his first 
group one success when beating 
Paul Kelleway’s Risk Me by a 
head in Prix de la Foret 
whakilyric, wbo made much of 
the running, finished two 
lengths back in third. 

Sarab, running for the last 
ume, was winning the 14th of | 
his 33 races. The horse, who cost 
Paul Cole only IR2^00 gas as a 
yearling, will stand at tbe 
Cleaboy Slud in Ireland 
Risk Me, who along with 
third-placed Whakilyric was one 
of two juveniles in the race, is 
French-bred and so earns a 
bonus for his owner each time 
he finishes in tbe money in 
France. He will return to 
Longchamp for the Pottle 
d’Essai des Poulains next spring. 

Mulhollande 
beaten a head 

From Ottr Irish Rating 
Correspondent, Dublin 

After Reference Point’s Don- 
caster win, Mnlhollande, 
trained by Paul Cole, looked a 
value bet at 7-2 for tbe 
Arden ode Stud Leopards! own 
Stakes on Saturday. But Antic 
Boy, a 20-1 chance, got first ran 
on Philip Waldron's mount, 
who had previously been second 
to Reference Point at Sandown, 
and beat him a bead. 

Trainer John Oxx rates Antic 
Boy his best two-yea^colt Hie 
horse compfeted a double for 
Oxx. who had earlier won the 
Laidfaw Cup with Final 
'Moment. 

Richard Hannon, The Marl- 
borough, runs Lundylux at 
Leopardsiown today. 


TENNIS 


Graf secures 
victory 

with relentless 
pressure 

By Rex Bellamy, Tennis Correspondent 


Steffi Graf; aged 17, woo a 
British tournament for the 
first time by beating Catarina 
Lindqvist 6-3, 6-3 in the 
Pretty Polly final at the Brigh- 
ton Centre yesterday for a 
prize of about £26,000. 

In seven months she has 
won eight tournaments and 
has beaten every other leading 
player. “What I’ve achieved 
tins year is unbelievable, ** she 
said yesterday. 

Miss Lindqvist had four 
natch points against Martha 
Navratilova in Stuttgart a 
week earlier but never had 
much of a chance yesterday. 
“Martina has a good serve and 
volley,” Miss Lindqvist said, 
“but it’s easier to rally with her 
because her ground strokes 
don’t put you under as much 
pressure as Steffi's da Haying 
Steffi was harder. 

“I didn’t have as much time 
as usuaL On the forehand, 
Steffi hits harder than Martina 
or Chris Lloyd, and I don’t 
like her diced backhand ei- 
ther. She can be No.l pretty 
soon because she is so young 
and eager. Martina and Chris 
are getting older.” 

Predictable though its out- 
come became, the match wasa 
charming advertisement for 
women’s tennis. Its quality 
was consistently high until the 
relentless stress produced an 
increasing proportion of er- 
rors from Miss Lindqvist. 
That , stress was imposed by 
the persistent accuracy with 
whicn.Miss Graf hit hard to a 
foil length. She was also the 
taller of the two and had the 
mom testing service. Quick 
footwork had much to do witb 
her exemplary timing — ev- 
ident in both tbe pace and 
precision of her shots. 

How refreshing it was to see 
two women using the one- 


handed backhand fluently and 
flexibly, bitting either under 
or over it. That should be a 
lesson to the two-handed le- 
gion of Lloyd clones. Miss 
Graf has the best forehand in 
women’s tennis bin Miss 
Lindqvist has tbe most grace- 
fully facile backhand. 

Both players also moved 
well (with Miss Graf slightly 
the fester), took the ball early, 
and were tactically quick- 
witted. Until Miss Lindqvist’s 
powers of resistance were 
eroded, as both players in- 
sisted on winning points, 
rather than waiting for their 
opponent to lose them. 

From 1-2 down. Miss Graf 
won four consecutive games. 
In the second set Miss Grafs 
growing supremacy was chal- 
lenged when Miss Lindqvist 
recovered from 0-4 to 3-4. 

But the Swede was to score 
only two more points. In the 
last game, two backhand er- 
rors by Miss Lindqvist and 
two forehand winners by Miss 
Graf indicated that the 
Swede's strength had been 
impaired but the German’s 
had not 

In the doubles final. Miss 
Graf had another success 
when she and Helena Sukova 
beat Tine Scheuer-Laraen and 
Catherine Tanvier 6-4. 6- 
A.That raised Miss Grafs 
prize money at the tour- 
nament to almost £32,000: she 
wants to ensure that her six- 
year-old boxer dog, Ben, will 
never have to make do with 
anything but the best dog 
food. 



Pleasures of going 
down to the boys 
from Down Under 


Going down: Australia's Cleal disposes of Gill (Photograph: Ian Stewart) 


CRICKET 


West Indies retain control 


From Rkhard Street, Faisalabad 



OooW» fin* Qraf and H-SutowafCza) 

“Jf^^ <D,WjandC - T,,TVte 


GOLF 


McNulty wins as 
Lyle loses hope 

From MitcheD Platts, Qainta do Lago 


:kw! 


Leaders on the Flat 

TRAINERS 




M M M tel 

l« 


■- ..tel 

H Cecil 

110 72 41 

0 

-KL58 

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G Harwood 

109 61 39 

2 

+586 


J Dunlop 

100 82 77 

0 

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g II**: 

MStouto 

74 70 61 

5 

-8446 


LCurttam 

64 51 45 

5 

427.74 


. PCote 

59 50 42 

9 

-82-02 

..■tend 

RHmnon 

55 62 46 

2 

-8423 

- HV’) 

«»a- 

BKUs 

54 65 58 

JOCKEYS 

0 

-12SLB1 


P* Eddery 
SCnntwn 
W Carson 
GStartey 
GOuffWd 
R Cochrane 
WRSwMwn S3 7B 90 
Thus 71 MB 73 


VMM: 

175116 95 
145131 95 
119111107 
99 55 42 
85 77-69 
85 102 67 


4 -1422 

1 -104.05 
8 -12529 

3 +9-36 

2 -138.46 

1 -97.77 

4 -113.49 
0 -184.72 


Marie McNuJty.of Zimbabwe/ 
yesterday won the Portuguese 
Open here as Sandy Lyle stut- 
tered to another depressing fin- 
ish in what for him has been a 
disappointing European season. 

McNulty accelerated dear of 
his rivals with an excellent final 
round of 66, which gave him the 
first prize of £16,660, with an 
18-uiider par winning aggregate 
of 270. Ian Mosey squeezed into 
second place, four strokes be- 
hind. with a doting 67, but Lyle, 
who had shared the lead, drifted 
back into joint fifth spot after a 
lack-lustre 73. 

Afterwards. McNulty dedi- 
cated his victory to the leading 
South African, golf writer, 
Adrian Frederick, who was seri- 
ously injured in a car accident 
four weeks ago. “Adrian is a 


Tuna with no hope of challenging 
MeNuhy. 

Peter Baker, the former 
'Walker Cup player who turned 
professional only in August, 
successfully negotiated his ini- 
tial examination by winning his 
playing privileges for 1987 with- 
out bern& required to attend the 
PGA Tour qualifying school 
next momh.He closed with a 72 
for a final aggregate of 287 for 
which he earned ap p r oximately 
£500 to take his winning to 
almost £6,000 — sufficient to 
secure him a place among the 
• leading 125 in the Epson Order 
of Merit, auto mati ca ll y earning 
exemption for 1987. 

. Those who fece the strenuous 
ordeal of returning to the school 
win include tbe Spaniard Juan 
Qiriros. who missed out only 


Pakistan seemed to have 
bowled themselves back into the 
first Test match here yesterday 
when they restricted West In- 
dies to a lead of 89 nuts during 
an absorbing second day. In the 
closing 50 minutes, though. 
West Indies captured two wick- 
ets and they remain in the box 
seat. 

Warim Akram, with an in- 
spired spell of fast, left-arm 
bowling, took three wickets in 
five balls to end the West Indian 
innings in a rash. Three fin * 
catches were taken by Salim 
Yousuf, the wicketkeeper, to 
help Akram finish with six for 
91, his best Test analysis. 

With Richards ill and forced 
to drop down the order, the 
West Indies batting seemed 
unable to find the proper gear. 
Gomes, whose contribution so 
often gets overlooked, provided 
a measure of ballast through 41 
overs, but Pakistan's attack 
never lost its accuracy or threat, 
as West Indies were dt*miyffri 
for 248. 

There was never any devil- 
mem in the pitch to help 
bowlers, just as there had not 
been on Friday when Pakistan 
collapsed so badly. The pitch 
has litzle pace and afforded only 
slow tnra for the spinners. 
Everyone’s batting problems — 
and the players I have talked to 
concur — remain slightly mys- 


tifying. It has, however, been a 
tense, gritty and highly enter- 
taining match, even if it seems 
unlikely to ran its full distance. 

Imran had only four main 
bowlers to use and at one point 
his leg-spinner, Qadir, was limp- 
ing temporarily after be turned 
an ankle. Imran kept himself or 
Akram going at one end and 
bowled Qadir or Tausif at the 
other. 

Akram's dangerous away 
swing was a revelation to any- 
one seeing him for the first time. 
Qadir claimed Gomes's scalp 
felt ft was Tautifs off-breaks 
which kept West Indies subdued 
at a crucial time. He began with 
the wickets of Richardson and 
Dujon with successive balls and 
went on to vary his flight and 
spin with unblemished *v»n 
throughout a long spefl. 

West Indies bad resumed 
after Saturday’s rest day at 54 
for one and there was little in the 
first hour to prepare the way for 
tbe tight coittnol tbe Pakistan 
bowlers later established. Im- 
mediately after a drinks break, 
Imran had Haynes leg-before, as 
the batsman, half forward, tried 
to steer the ball to mid-wicket. 
Tausif . brought tbe crowd to 
tbeir feet when be dismissed 
Richardson and Dujon with the 
fourth and fifth balls of his 
second over. 

After fundi Gomes and 


Harper were so pinned down by 
Imran and Tausif that only 21 
runs came in the afternoon's 
first hour, ft was marvellous 
bowling by both men. 

Harper had already been 
missed at gully off Akram when, 
in the same over, he edged a 
catch behind Fifteen minutes 
later Salim look a far more 
difficult catch, diving across 
first slip, to hold a chance from 
Marshall two handed. 

PAKISTAN: First Innings 158 (Imran Khan 
61; AH Gray 4 lor 39). 

Second Innings 

Motain Khan not out a 

Mwlassar Nazar c Hi 
Raima Raja cGrajrb 


tSalm Yousuf 
Extras (b 1) _ 
Total (2 wkts] 


b Marshall-2 
13 
9 
1 

.28 


Those who genuinely believe 
that the only pleasure in sport is 
victory are missing a great range 

of other delights. Tbe joy of 
defeat, for a start. An avid 
betting man race tried to ex- 
plain: “You bet sfightly more 
than yon can afford so that 
losing will really hurt. There is a 
load of pleasure in the know- 
ledge that yon have acted like a 
fool and chucked all dot money 
down the drain. Winning is 
absolutely great: but the. main 
reason people bet is so they can 
lose.” 

Since I hare an indelible 
picture of him after a night at 
Wimbledon dog track, when the 
place had been deserted by all 
save ns, as be sat there with his 
head in his hands, ankle-deep ha 
a snowfall of losing tote tickets, 
wishing he hadn’t thought it 
accessary to borrow the petty 
cash, it most be assumed that he 
Knows what he is talking a born. 

There have certainly been a 
few opportunities of late for the 
Engfisb to take the recondite 
pleasures of defeat. Hie Austra- 
lians seem to have a lot to do 
with It. To Australians, all joys 
me dost when compared with the 
pleasures of stuffing the Poms. 

1 read that l>ur Brave Boys 
have not been doing all that 
frightfully well at cricket in 
Queensland. Indeed, this seems 
to be perhaps the worst ever 
performance by an England 
touring tide since the dawn of 
the pune. T here is just a 
smidgeon of dejd vo in this. I 
fancy. And then we had tbe 
midnight fall of Nigel Mansell: 
surely so good a chance had 
never been blown by so nice a 
fellow so comprehensively. True, 
he was not actually beaten by an 
Australian, but he was beaten in 
Australia, and probably by 
Australia. 

’then last wed England were 
beaten at Hockey in the World 
Gap final by another bunch of 
Ockers. One gets wed to cheer- 
ing. nationalistic Press box bias 
bat when the entire Australian 
Press started chanting in unison, 
one felt that things had probably 
gone far enough. “Australia, you 
bloody did it,” they all roared 
together,' while we Brits smiled 
thinly and wrote pieces about 
how marvellous our boys were in 
defeat. So they were. too. Aren’t 
they always? We are good at 
defeat, this is a tide of sport we 
can daim to have mastered with 
impressive ease. 

We showed a Gttle of the same 
mastery on Saturday. We're 
going to give it some this time. 


r mum \ 


w| 

k ! 

Simon 

Barnes 

t 


these Australians are not from 
another planet, you know, 
they're beatable, they'll tire, 
they'll know they’ve been in a 
match all right. But Great 
Britain’s Rugby League team 
was washed away by another 
overwhelming of Ocker. The 
Brits tried a few fancy move- 
ments: the Australians were 
quite awesomely simple. There 
was no signing with them. It was 
a demonstration of the law of 
Ockers' Razor. 

Our boys met defeat with a 
nourish. They produced 10 min- 
utes of stirring stuff that set the 
Brits in the Press box on a roar, 
and the Australians smiled in a 
condescending way and decided 
to step ap a gear. They found It 
unerringly (unlike Mansell a 
fortnight ago) and started to run 
in Cries at wilL 

Our boys had a Canute task, 
and they performed It no more 
effectively thad did Canute. The 
Australians surfed in on a wave 
of awesome excellence. It was, 
bar those 10 minutes, an ex- 
hibition game. They are ora beD 
nf a learn. As for the Brits, where 
was all their brave raik now? 
Where all their dancmg about 
with Union Jacks, that 
brandishing of Lion mascots, 
those derailed fist salutes to the 
crowd? Drowned beneath the 
waves. 

T here remain, then, the plea- 
sures of defeat. There is a kind 
of beauty in defeat, Steve Davis 
once said, echoing Terry Grif- 
fiths. “Losing is a rewarding and 
satisfying experience,'' he said. 
“You have to team how to accept 
defeat if you are ever going to be 
a winner. " 

Winning all tbe tune has no 
taste to it- Bjorn Borg retired. 
Ora wearies of too much of tbe 
same thing: any thing. I am sure 
I would grow weary of Bol linger 
for breakfast every day (thougn I 
am perfectly willing to try the 
experiment). What matters Is 
rhythm: tbe law of alternation: 
summer and winter, work and 
play, beer days and champagne 
days, victory and defeat, peace 
and conflict You cannot relish 
one without knowing the other. 
However. 1 would rather like to 
savour the pleasures of a victory 
again before too long. Particu- 
larly against Australia. 


FALL OF WICKETS; 1-2. 2-19. 

BOWLING: Marshal 4440-1; Patterson 
4-1 -5-1; Harper 1 -0-2-0. 

WEST First hnin 

C G BreenHga tow b Akram 10 

DLHaynesbwb Imran 40 

RB Richardson bTauaaaf 54 

HA Gomes c sub bQarir — aa 

tP J DujonbTauseef n 

R A Harper c SaSm Yousuf b Akim _28 
MDMarahaflcSaSmYousul b Akram .5 
T V A RtchantecSaEm Youauf b Akram 33 

C A Walsh fbw b Akram .4 

AH Oay notout — — . 12 

B P PauaraoR tow b Akrem 0 

— 29 


Bamford’s master 
plan in tatters 


By Keith Macklin 


Great Britain 
Australia 


•■■•aaNSBatHHaai 


16 

— 38 


Extras (b 9, lb 8. nb 12) . 
Total 


246 

FALL OF WICKETS: 1-12.2-103,3-124,4- 
124, 5-178. 6-192, 7-223. 6243. 9-047. 10- 
24&> 

BOWUNGe Akram 2S-&91-6: Imran 21-8- 
32-1: 

QK» 15-1-56-1; Tauseaf 22-5-50-2. 
Umpires: KNzar Hayat and I 
Mohammad Asiam. 


BADMINTON 


Frost masters Yu 


very good friend of mine and of because he felled to file an entty 
the game of golf" said McNulty, for theOpen Championship in 


.&*■ 


Saturday's 

results 

Doncaster 

1.15 1. S iio ra Song <6-1 fc 2. Sew High 
(14-1); 3. Reindeer WWk (14-1). ffiton 
wwm 11-4 fav. 11 ran. 

1.45 1. M el o dy Makar (14-1): 2. 
IbnaimagMh po-lfc 3, Mku Saratone (20- 
1): 4. Last Stand H6-1)- Prar Moon 6-1 
law.2l ran. 

2.15 1. 1 


Ffcu «-i fc A Love 
Suhaitez-I 


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imm*. 

14* -4* 1 

as 


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i Rotat M-lk 2. Bead 

The Groom (14-1). 

1-1 tov. NR- Gwynres 10 ran. 

245 1, Qua Or mpm ca (16-1): & 

Chapto s Club (4-1 if-tevfc 3, Jarrwrtan 

02- 11. Catherine's We* 4-1 jt-fcv. 14 ran. 

X15 1. Atom CaV (4-1k 2. Stonabroker 

jX1£3. DjdtKrfght(14-l). Don't Ring Me 

3.451 . Tray FMr (4-1);2< ShahtChoice 
(134 faVk 3. Rom (him (16-1)MR Dam 
Lodi. 11 ran. 

4.151. George Jamea (7-1^2. Kno ckin ' 

Express (4-1); 3, Canango (Evans fav). 

NR: Sonortus. 22 ran. 

Newbury 

1J0 1. Powder Hoe (9-1): Z Maraatn 
(14-11:3. Crm Bay (25-1). Butsova5-2tav. 

14 ran. ■ 

•i tii pi iif » Qrar (Ttyi). n. r ww^ira ai 

Beauty (20-1): 3. Gafrctie Hero 4 
Ouaen of Battle 04-1). Senor Thomas. 

Bastinado 13-2 $400.1$ ran. 

230 1, OoMm Se ek e r (8-1); 2. Autom 
(100-30): & Shannon Cottage (25-1), Dry 
Oock M tov. HR knparisl Brush. 23 ran. 

3. Queen Hrt«i(33-'l). 9 

raa 

340 1. Snurama Rasa («-1 fav); 2. Rode 
Machine (12-1 fc 3. Bectwmtf (14-1): A 

^WpMSi^asmrOrA 
Gunner fll-IJc 3. Duelfog CO-tt: A 
Sixteen Boy fiS-1). Open Hero M fav. 27 
ran. 

Huntinodon 

2.0 1, Ewe Lamb (8-1): 2. Braak tet Car 

03- 1* 3. Kerakxer Reference KM. ChWat 
fl-11 lav. ID ran. 

230 1. Broken Wng{7 
(20-11:3. Mbomvt(47ta 

X01.AooochS.11 fav) 

Cette HniW (18-1): & Gnu way p-U 5 

« 1. NaMa Road fS-lfc 2- Abbey 
Avenue (20-1^ 3. Landkig Board (1M 
loW-Sran. 

£30 1, CM* DM 111-10 tovt Z 
Polynor (4-11: 3. Ubetly Mtik {50-1)1 11 
ran. 

Worcester 

Seasoned Brtow pS^ 3. SSottC w 
mere (10 -ilnr Sherad Experience, Log 
Crem, Dr Gomelka. 12 ran. 

3.15 1, French Uaioa (7-4 fart: Z 
CtvrafM Prinoa (M-ifc 3. MUnUe Song 
(7-2LNR Marand. 9 rari 

NR: Push CarTTom's WMOMOSIO. 23 
™4llS 

*45 1. Wood l and e «wdw (33-1); 2. | (Aral 04. 2-454 
1» Aradb (3-1 favt 2. fiat (toman SOTSfiS 1 


McNulty holed from 40 feet at 

the first for an opening birdie, 
then from 15 feet for another at 
tbe second in an electrifying 
start which launched an out- 
ward half of 32. He was never 
under any serious pressure as 
Lyle's hopes nosedived from the 
moment be drove under the lip 
of a bunker at the first bole. 

Lyle had been hoping to end 
his season with a victory. Fail- 
ure means that for the first time 
since 1978, which was his first 
full year on the professional 
tour. Lyle has -not won in 
Europe. He squandered bis 
chance on this occasion with 
some erratic putting which left 


July. The money he would have 
received simply for turning up 
at Turn berry would have guar- 
anteed him a place in the leading 
125. 

LEADING SCORES (G8 iriKt steted): 

(Spa) 68.70.72.66; J Bbmd “ 
67.68.71.72. 277: A Fbrafarand 
72,68.71,68; A Johnsione (Zim) 


69.71. 68.71 ;J^U|fte 56^7.71.73. 


Brand 


73,7 

88.70,7239: JT 
Call Jlta) 7071 .72.67: G Turner 
70,7368,69; R G im (US) 71 ,74,08*9: D 
SflMtii On) 74JSA68J0: M Alan (US) 
70,7039.71; M Plnaro ^171,72.64.73. 
2S1: G Brand Jnr 73.S&3& U Lamur 
(Sue) 75.66.89,71; D Uswalh 
71 ,67.71 .72. 2S2: H 
72.71.70J58; A GankJofi 
P Parkki ra^O.70,73; A 
70^7.70,75; P Hoad 706871.73. 


Morten Frost’s 15-8, 15-5 win 
over Sze Yu in the final of the 
British Airways Masters at the 
Royal Albert Hall confirms that 
some of the nun blest footwork 
and soundest effects the game 
has ever seen are, after a 
competitive break- of about 
three months, once a gain in 
d working order (Richard 
>n writes). Unfortunately 
Yu, who beat Frost in the world 
grand prix finals in Tokyo last 
year, could not recreate the 
same irrepressible attack. 

Martin Dew and Dipak Tailor 
threatened a big win in tbe 
men's doubles over Tian Bingyi 
and Li Yoogbo. but their best 
somehow dotted them. A bigger 
disappointment was that of Gill 
Clark and Gillian Gowers who 
lost to the Swedish combination 
of Christine Magnusson and 


Maria Bengtsson 15-5, 15-11. 

There was a link consolation 
for tbe British when Billy 
Gillil and of Scotland and Nora 
Perry of E ngl and came from a 
game and 4-13 down to beat 
Sweden's Jan-Erik Antonsson, 
playing with Gowers. 12-15, 17- 
15. 17-J4. 


RESULTS: Macf« 1 

SYufAus). 15-8. 15-5.7 


FkMfcFtastbt 

" M Frost 

15-8, 150; S 

a), 10-15. 15- 
onoboandT 



KSlisIHH 


land N Parry (Eng 

i) and G Gowers j 


and G Gowers (Eng) la M Dew am* G 
(Eng). 18-17, 10-15.150. 


MJ-E Antonsson 

Eng) 12-15.17-15. 
AraoTOBor (Swe) 


FOR THE RECORD 


BOWLS 


CYCLING 


MCCARTHY a STONE IMOpOR CLUB CHAkl- 

P10MSMP; Smad raMNfc PokMn 68. Vkcty 
83: Wonning 81. Wnnhira PavNon 8& 
Bansw PmS 66. Grattona * Aran 86. Rn 

Rivers 89: HoutsfeM 57. Wm VHay 79; 

RudMwra77. Mote Vatoy 67; Rnbrnond 1 1 1, 
Bnttrioge 60: Cambridge wk 00. Etftam 82: 
Faiaooii, Stour 30; Ejwixxxne S4MaraHW 
Si Preston 81. Fcdcesuna 62: Arnel 
ToTOnOge 82. Royal Tunbridge Weta Sft 
Graonwcb 66. Deongato Rattae 87: Dartfoid 
79. Lewtshem 15r. OldCouisOon 65. Cyphers 
SO; Croydon 94, Crater Pataca 67; Sounds 
Groan 74. BWdiey « Atamna Paaca 71. 
Souh Seda 64; Mmtwi 68. Stamm 82: 
Paddkigton 79. Pcfcatts Lock 71; toses 
Ccontyfe. Ttojy 82: Tooerlende 78. Fafcon 
77i Southend 73. Cofcneaer 7* BwMno W. 
wasrMarswSB: Brtdpon 87. Oame Dwcar 

80: vmoria ®maOSB. Mortmts 75: iforKon 

B7.W«Kbai5a:l>ifeter85.C1rt M )elilBef» 
Exoroa 78. Bodmin 75: Plyrowh CMI Serace 
84. Ptymouto B& Norfli Dawn 90. West 
Com-W TO Torbay SS. Skknoum 69; 
Thamesdoim 67. Gotswotd SS: Ckwedon 84. 
Bristol 79: Nom w o u 95. Wt M cnurctl 64; 


DORTMUWk Six-day race Laaden afier 

tome itoya: 1. DCteric uisVA OoytajGB). 171 

points: 2 j Kirotar (WGyn Hanoann qjsctai 

15ft 2 J M68er« v Jorw (S«riB) laSTT S 

ToxtAJE da wile (Be t). 13ft 5. V OeU 
PMGUS Harmarn (Uect«9. 9ft om lap BMnt 
& UFraulw (S-taWR P?*en (NM* 12D. two 
taps behind: 7, J SditaghoH/ll Bolen (WG). 

8aV*o laps behest 8/F Mosar m/O Ttaaau 

nwb. 62, me taps behind; 9. R Holsdhz 
fWGVG IMggns Jtas). 96. froa laps bahW; 
10, 0 GablSn(WGVOGaRta (Frf.49. Bratape 

NA-notUt, HU. CUM8 C HAMP BH M P5 

(Wbar HI. Medodc); 1.0 Webster (Manctias- 

tar wtiaelen). 4mn tM sec (tbcorS; 2 s 

M|mraggraMNomadrt.425.ftaCWaira I 

4.-55.4. TBsm; Manchester 


HOCKEY 


RUGSY UNION 


PttraEOT gSSIOWDOH LEAGUE: Prewter 

fwaoeSootlfflie 3, Houndow Or Surbiton 
2 RMwo tO jTurera : BtacWteaih 5. 
Wmbtadw ft Canwwge Unlv 2 ftAinch 0: 
J^patad 0. Cbaaml; Unai Unhr ft 

JhwenhMd 1; St AtM ft SacfcOTharo ft 

fuff*!: Spencer 1. ou 

SBSToS5S!!®MS33fi 


CLERMONT-FERRAND: Central Franca 
Soiacl XV 19. New Zealand 23. 

UAU corapetaiOR: (AMST 21. UCMW Bangor 


SHOWJUMPING 


MomnoTf' 


mm* 



(BOON EAST LEAGUE: Pleader 

Btehop'e Stortforo a, Bedford 2 

0. OwUMtoro 1; Brartwood 0. 
PWBbroireiTowr ft Brotfworae 5. Nor** 

1. Old LouQhwSSs- western A 
vswKnft 


Hughes (Ctarenca Wh) 2mn 27-3sec. Teens 
rsne “ ' “ 

26 1 


CtarsncejNncatara. Mm CounbmCA^- 


BOARD5AHJNG 


: 1, WJ vender Softens 

, V. 3ft9 ! 

' Mbs _ 

Ornege.'385S. »04lt OtoM (lSE 

Lutes. 33.71. 5. S ran Paesschan 

fBeft L^Vo ^aro 

, Opemeias 

. _ LuJq, 

1A H aidth'(EngL Sanyo Staring Example; J 

Tun (Eng), lAtabG Broome (Eng). Mammy 
Royate, 


rramano. (u-m miss i. i 

(Sw^. Atart, rt>5: Oita U Ha 

Ambtaon. (tMfc r Hendnx (Noth), i 
Future. (0-*): T Fuchs (9wkz). B i 


l.teo RC (P Fran*. D Mar. 
SBndn i7sec. Ceri aw i Couratas 
GA 28 aiaa: t. P Thomas (West Kent RC* 
59nw 42sca Taan SaOteM County 

Whe rie re 3hr 7nan 53sac- Cydo- cro— ; 

“ ‘ t* hr plus one 1 . p 

- ihr 4min * 


in ii iiM 

Igoatatcl. Essex KC: ZriltSSmaAK 


SPEEDWAY 


fartald Courom). Ihr 


(15 iiHes): 1. T GooU (Ches- 

' IhrKMn T“ 


D1VING 


KARLSKOBA: 


. DM 79. 

, SOW 91; March 83. 

1 59: Cambridge Cheetenon 7ft By 
82: RMW Gate 55. PMBrinrcugri KD- 

East Lsidsey TO tu 98: Boston 75. 

SoaalKapa B6: Concoccfia 95, Cawai & 

South Wesl Durham 64; Tynedab 44. Stanley 

iSTPa* 71. WhAn J tik OxrtZi 

8ft SouUiTynaada«8: Btackpool 83. $Mdoa _ , , 

381S5. 



CRICKET 


2S Btate pmcea): ft j b{SS*^^S 


ROWING 

MARLOW Long toasrs EKc S 

Redgraw (M«to«8.20mm lOsac senior A: N 
^wwv-Jones (Mariow). 2056. Sealer to L 
Rrtuno nd (Londptft 2138 SetoM C; H 
Mam (Us), 21:57. veteran to J warren 
fT^tao ay Sotaera). . 2iaa V etera n C: G 
Beyjra (Thamesl 22:1ft Veteran D: D 
Gramm (ht i B w iy S cra ra) . 2223. Veteran & 
J GumtnBJASsj, 2144. Janiot: P CMS 
(Knas Cwertxsy) 2256. Neriee: R Hte 
(tew. 2239. Wonan's bAkC Wood Pldewy 
StMtoft 2324 Woeran't trieCE 
qaemn (WngttOn), 2259. Taw prist; 
Marlon. 



Postponed: Bradford v Beta Vue: Inarara 

asr. fn* eeoond leg: Oxford v CraSey 
Heam 

MDLAND cm Hari, fket fag; Coventry 44, 
Oxford 34. 


LACROSSE 


menUNSWORTK Sow ctaa rate rol- 


lln irasF 


BHEFHELD SWELD! Perth: Sag Austraha 
Ss«id 206 ro W Hookes 77k Western 

ta * 


GOLF 


ICE HOCKEY 


Camas 3, Wes Londoa 2 

GuUMZFntCvtmnZ 
Brine Nortbero Leeane: Rest 

1 1 . 0* Wacontans 7; Umaon 1 1. Ashton l ft 

ui** «mmu wpbbe mh omoc 

Karon 6. HmMWd 7: London Ur w 9. 

Buddna»tlM23.gteitoeinTealyi nau-rtul 

round: Putey 14, Oxford Uto 15. . 


TENNIS 


4 iwifM 


,jn 


vUii s ^ 


K (CtSh) 

Tteab G Iterataxtez (Puarto M M Paz 

claralonrira Wberart 
A Qaanas.lfle OJH C 
(6*1 6-3. 7-6: Sun Y anjChm s) 
a W Wood (US). 84. “ 

Sun 6-i.ft4.tteireilnBl!SSneais»(J«rtB 

KUten(jm»-fr s ' M - 


13fc B Cranstww. 65.1 
m K Bwn cm. 85. 68. t. MZK67 66: U A 
wraoBo. 67. tiftPBtadanv. 68. 67; K Knot. 
6ft Sr. to* j swnan. 67. 67: u CCtedy. TO 
64: R Eastnooa. 86. 88: WSandar. 67. 67. G 
Hritora. 6ft 6ft R Bteck. 6ft 66: D Pom. TO 
64; B Tennyson, 67. 67. 135; B Longer (WG). 
85.70. 

SAO PM BA: lmemelinral Itearir Ttaad 
nwd l eade n: 2P 4: R ibnnontU 67. 72. 
65 2K; A Saavedra Mra). 53, 60. Bft V 
Fernandez (Arg). TO sf. SL 2M: C Seaudo 
(US). 66. 7ft 7tl E Booker (US). 72. 66. 72 

MARATH ON 

RtoMeral.TI 

ACL 2hr 28ran 37kac 
(Barrow ACL £30.15. 3. G Wookraigh 
(Kendal AC). 23027. Women: 1. A SM 


WOR TH AME RICA: National leagK New 

y°?»^g4ra3»HoabariCara5go3:New 

tsstimm 

Wrifovra 4 Taronra Maple Lots a Wasr>- 

EStaiBteir* M 


TABLE TENNIS 


RQ. 309 17; 2 M AhS 
31229. Ttaw Kandri AC. 


102-52. 2. P Tyrton (Uldo 
ti Aha (auHin rq. 


SWANSEA; I 

eran waies ft 

ra n J4 4 Store bt A GMSBN.'2i-T3; 21-17: T 

: SQUASH RACKETS ~ 

HOUSTON: Meae» US OpK Fteafc S 
Davenport (NZjficR Norm a n (NZ). 17-ift 5- 
15. 15-10. 15- 1ft tS-IO.Thea pteoe^rort: 


^ OXING 

W Charte 9 omi| 
■■■htelgte (8 rounds): Qua 

■ bt Renake Han»id*a rPuario 

■RTffid mni. RMBraratagatp rtuKta): 

I Lara Gomto (Fr) br Sieve Weston (IS), third 
round, is an iw ai aht (8 roundst Plena Joty 
(Fr) bt Robeno Jueano Rmz (Aro), seventh 
nxmd w a atn i ete i l (8 rounosT Gennaro 
Leon (Vat) 

wnrtti ra^^^ra 


WRESTLING 


BUDAPEST: Wodd Grot 


P Kenyon (End MR Hi 
Id. 11-15. 15-a 15-12. 


ThoroaiAusLi 


i t. M AkBMraev (USSR); 2. B 
Canov [Bu£ 3. R Jnene (Cubg. 67 kg; 1 . E 
hand* (Bill): 2. T lUbmtatt (USSR )T 3. H 
Hofitfis (Gry. «te: 1. YUbtekran (USSR): 2. 
TSfo»ta(Faifc3. C PassareS (WG). fOOkrai.T 
Cupar (Hunt 2. V *■» (Ron*3. A 
FedorBcto (USSR). 

V 


HOCKEY 


Holders 
need a 
surer touch 

By Sydney Frisian 


Middlesex ~- 
Surrey 


SuiTey, the tiileholders, 
dropped a point yesterday in a 
county championship mauh 
against Middlesex which 
showed that both teams will 
need to improve their methods 
to finish dear of Hampshire and 
Kent, tbe two other teams in the 

group. 

Nothing happened in the 
game, played on Fehham 
School's artificial tnrf.to stir] 
either ride into great activity. 
Surrey gained nothing from tbe 
five short-corners awarded in 
the first half, although 
Daubeney was once unlucky to 
bit a post- In the same period 
Middlesex had two short-cor- 
ners — off the second of them, 
Daubeney rescued Surrey when 
he saved near the line from 
Inderjit UbhL 

Early in the second half, 
Parmi Soor, a Middlesex out- 
ride left, was given the yellow 
temporary suspension card for 
stringing his slide at Wells and 
there were other cases of crude 
tackling by both sides. 

Middlesex then began to at- 
tack more forcefully and several 
cases of stick tackhng by Surrey 
led to several short-corners be- 
ing awarded to Middlesex, who 
squandered eight in this period. 
The Surrey defenders were usu- 
ally quick off the line to smother 
the shot. 

■UPO L ESB6 O Muiu JMi (IMdtoHtoN; ° 
Ofann (Hounstow). M Eaton (T< 


The Bamford master plan 
misfired in the first Whitbread 
Trophy international at Old 
T ra fiord, and Great Britain sank 
with only a brief trace to their 
1 1th consecutive defeat against 
Australia. Yet despite the score 
this was not quite as shattering a 
beating as those suffered m 1982 
and in Australia in 1984. In- 
deed. for a few blissful and 
euphoric minutes shortly after 
half-time the record 50.583 
crowd for a league international 
in this country came to their feet 
and sang the ritual “here we go", 
only to find that another ex- 
quisitely-timed Lewis pass and 
another derisive finish by 
Miles — who scored three 
tries — made the songs stick in 
British throats. 

Great Britain were 16-0 down 
at half time after an abysmal 
first half of repeated fumbles 
and weak cover tackling. How- 
ever. in the opening minutes of 
the second half they tore into tbe 

S and gold ranks and gave 
ng hope- When Myler was 
obstructed. Crooks lucked a 
goa L after missing an easier one 
in the first half. Then Crooks 
sent Schofield over fora try, and 
although ne missed the goal it 
was 6-16. Hardly had the cheer- 
ing died wnen Lyaon scored a 
memorable try that sent every- 
one hoarse with excitement. 
Released reside his own half, 
Lydon outpaced the Australian 
cover and, as Jack came over to 
tackle, swerved and accelerated 
away from him. As the crowd 
exulted. Crooks missed the kick 
yet again, but at 10-16 Great 
Britain were fighting hack. 

The crowd's joy did not last 


long. Within minutes the burly 
but skilful Lewis had broken 
two tackles and sent in Miles for 
the second of his three tries. 
Great Britain were never al- 
lowed back into the game until 
Schofield's last minute try. 
O'Connor scored the third of his 
tries to add to his five goals, and 
J3ck plucked the ball out of the 
air from Sterling's cross-kick to 
score the seventh try. 

As the rain teemed down. 
Britain dropped pass after pass, 
and more than half the Austra- 
lian points came from lethal 
finishing and crisp handling 
after British moves had dumsily 
broken down. Australia saw the 
gaps and needed no more than 
orthodox passing to get through 
them. 

After the match Maurice 
Bamford declared his faith in 
the same squad for the second 
international at Bland Road on 
Saturday week. This says much 
for his loyally, but little for tbe 
availability of quality players in 
the British game. Seven British 
players, the captain Watkinson. 
Ward. Fiddhouse. Potter. Han- 
ley. Gill and Myler did nothing 
to enhance their reputations, 
and perhaps the coach. Maurice 
Bamford. believes that bis team 
can only get better with the 
strength of his trust and con- 
fidence hehind them. 

SCORERS: Qroat Brtekc Trttet G Soto- 
DaW (2X Lydon. Goals: Crooks, G». 
AnstralW: THm MMs ©. O'Connor (3), 
Jack. Goals: O Connor gu 
GREAT BRITAIN: J Lydon (Wigan); A 
Marchaot (CsstMonfl. G SchoSaW 
E Hantey (Wigan). H Gfll (Wigan); A 
(WtdnasL D F&x (Ftetoantona Row 
Ward (tastfofoTO). D WMWnsan (rapt. 
HuB Kfl) J FMdtmnm (WWnes). L Crook* 
|HuB)- I PWter (Wigan). A Goodway 

ns£i 

AUSTRALIA: G Jade L Wss. B I 
Miles. M O'Connor: W Lewis , 

Strafing; GDovtang.RSfcnmons,! 

B NteStoja N Oral. R Lindner. SuO- 
stltutcs: Tlamto. M Mentng a . 

Retanra: J Rascagneres. 


Holmes earns his keep 



GwtkhaM. DTI 

Bterara (roan Gymkhana). 
(Hounslow, s/x B Soor. Houislow). 

SURREY: D 


The growing confidence of 
Terry Holmes as a rugby league 
player, and the wisdom of 
Bradford Northern’s £80,000 
investment were reinforced yes- 
terday when Holmes ran 
strongly for a splendid try in 
Northern’s 12-4 victory over 
Leeds at Headingiey (Keith 
Macklin writes). Leeds are hav- 
ing then' worst season for years, 
and this latest defeat sees them 
tumble into the first division's 
relegation zone. 

Castleford repeated their 
Yorkshire Cup triumph over the 
struggling champions Halifax, 
winning 16-12 at Thrum HalL 
and Oldham ran riot against 
Wakefield Trinity, romping 
home 54-6. 

The Humberside clubs 


continued their revivals. Hull 
winning 17-16 at Barrow and 
Hnll Kingston Rovers beating 
Lejgh 35-20. The Great Britain 
scrum half Deryck Fox, playing 
his second game in 24 hours got 
a try in the^ Feafherstone Rovers 
16-6 victory over Salford. 

In the second division 
Hnnslef and Blackpool Borough 
took over tbe top two places 
with successes against Carlisle 
and Workington, and Doncaster 
beat Dewsbury 34-12. 

RESULTS: Straw Btator Ct ra mp iowta to : 
Leeds 4. Bradford Northern 12 HuHKR 
35. Ltigh 2ft Hstifex 12, Casfchxd IB; 
FeattMisiona 16 . SaHord 6: Barrow 16. 
Hid 17: Ht*T5tel 20. Corfsie 8; Mansfield 
Marksmen 8, Bremley 13: DMafcm to 
Sheffield EaSes 14. Yak 32: KelgMey 4. 
wnaehaven 26; Doncaster 34. r 
1% woiwiiaon Town 17. f 
Bafey 12. AuddHtftoU 14. 


YACHTING 



biton), N Murray (On Khgstonrans}. 
RearJonaa(Dinrich). M Wan* (Merton) 
Umpire*: B Miter and M &nsMe 
(Southern Counties). 

HCEWAirS LAGS) SOUTH LEAGUE: Pla- 

nter «tttaK Anorasra 0. Faranam 0-. 
Bog nor 4,^ Oriorfl Hawm ft Gore Cowl 3, 


n mOnu). 1 nraa 

Cheeky Kookaburras 


^ . 0: Havant 0, East Grinsiead 3 : 1 

3. Ctaenester to Lyons 0. EdMcuta ft OU 

TBunfflnonsatnflonG¥fflktera2;Tro I aisl. 

Tunbridge Walls 1 . Regional*: 
I te mpra wBtarray. tones 2. On U*- 
Z Ba sW gt tote 1, US Ponamown 
„ 0. Mo rt o n *: mu Poke* 1. 

SotUamsron Urn i; Walton i. CantbuisyS: 

Mnenaster 2. NuWea Bank 1: VfoUm 1. 
Bounemoun 2. Mn/Ciaite - - - 


On 2. ModMon ft Gravesend 4. 

"■tam«nerts i; Maroen Russets 1. wor- 
nw 1; OM Becrahamtans 1, Old Boroenlans 
l iTfan asPMyi.SevflnoakaftTonbndQeO. 
Maranone Z warara, Oato. Budra a 
Otet Aylestuy ft Sunny to BraeknaB l. 
Aroswm 3; Cfty * 0xtord4. potytectiac i. 
j™" Tgrai Swans 2. Gteiwds Croes ft 

IMU ewS ^^M^ Uj^f^ijcNW 


Fremantle — Having estab- 
lished over the past week that 
they are tops on the Australian 
1 2-metre scene, the Kookaburra 
sjTidicaie yesterday rubbed it in 
with some psychokigoral war- 
fare (Keith Wheatley writes). 

In a display of calculated 
insouciance lain Murray and 
Peter Gilmour. the skippers, 
swapped. Murray sailed Kooka- 
burra II. described hy Ben 
Lcxccn as the fester of the two 
Taskforce yachts, and Gilmour 
steered Knoka 111: The crews 
staved as normal. 

Gilmour won the start by six 
seconds and spun the lead out to 
1 1 see at the top mark, but then 
Murrav took O'er — never hv 


more than 16 seconds. How- 
ever. on the final beat Gilmour. 
son of a Pcnb orthopaedic 
surgeon, was able to turn a 
rounding mark deficit of 1! 
seconds into an acros$-th e-mark 
win of six seconds. 

RESt^Tar Aroartra’* Cap rttradw 

ato, (Bg hffijtoy. iut|ea to protesQ: 

Kookabuna IU bi Kookaburra IL 6 sec 
Ausrate ui bt South AintraUa, tol& 
Ausirate I V bt Steak n‘ Kkmsy. did not 
finish. 

TABLE 

J?? 1 '? "f 

Australia IV 6 8 s 

Kookaburra H 5 5 5 

Australia IU A 4 4 

South AustraOa 2 2 2 

Steen •n 1 Kidney 0 0 0 








L<K> 


SPORT 


THE TIMES MONDAY OCTOBER 27 1986 


FOOTBALL: BROWN’S FIRST AWAY DEFEAT AS HIS MEN ARE SUBJECTED TO PHYSICAL WARFARE AT PLOUGH LANE 


painful lesson 

battered and 
bruised Norwich 


} 


bc : By Stuart Jones 
1 football Correspondent 


tick City 0 

.‘There can be few more 
ing ' experiences than 
ling from ihe Bemabeu 
to Plough Lane. It is 
way from Madrid's 
monument and 
t's tin shack, but the 
is nothing compared 
difference in quality 
1 within the two arenas 

* 

Wednesday Real Ma- 
drid, the old Spanish masters. 
Printed a picture of the game 
was expansive, colourhil 
2nd. beautiful tor more than 
JQOJXK) people. On Saturday 
Wimbledon, the English 
dons", scratched out a land- 
scape, that was limited, colour- 
tes and uglv for an audience 
of 6, 172. ■ 

: One canvas was memorable 
though to have been hung in a 
national gallery. The other 
«as forgettable enough to 
nave been drawn on a pave- 
ment The gap between the 
two artistic impressions repre- 
sented a giant canyon and 
Norwich City fell into the 
middle of it 

,, They would have felt at 
some in the Bemabeu. Real, 
tike West Ham United the 
previous weekend would 
have allowed them to display 
the free-flowing talent which 
took them last season to the 
second division title and this 


Last-gasp 
fescue by 
Sturrock 

By Hugh Taylor 

A goal scored in the last 
minute by Paul Sturrock en- 
abled Dundee United to draw 2- 
2' with Heart of Midlothian al 
Tynecasile and join Celtic at the 
top . of ihe premier division. 
They were fortunate to earn a 
point. Hearn having played 
more positively, ft was. how- 
ever. an exciting game and 
United gave their opponents a 
lesson m the art of taking 
chances. 

Xner Hearts had gone in front 
with a goal from Colqiihonn. 
. . Sturrock equalized just on half- 

1 rime. A soft penally converted 

i by Mackay put Hearts in the 
I W 1 ' tod again, but Sturrock was 
1 United’s rescuer in the 90th 
' minute when he was allowed to 
run through unchallenged 
"Dundee emerged from a de- 
dinfe and kept in touch with the 
leaders by beating Falkirk 3-0 al 
Dens Park. . They wen: too 
experienced for the newcomers 
to the premier division who 
i sr fought valiantly but are still no 
■ match for the better sides. The 
goals came from Harvey, Angus 
and Hendry. 

Aberdeen, with McLeisb and 
Miller restored after injury, also 
showed that they can still be a 
force to be reckoned with in the 
championship contest, even 
though they should have beaten 
Hamilton by a bigger margin 
than 1-0. Hamilton, still seeking 
dieir first premier division vic- 
tory, offered few problems ftw 
■die resolute Aberdeen defend- 
ers. Belt scored, giving a lead to 
his forwards. 

■St Mirren, who had scored 
four goals the previous week. 

. found that their touch had gone 
at Kilbowie Park and they bad 
to redy on an own-goal by 
in to earn them a T-l draw 
ik. 


?Dawber goal 
& jv ends wait 
v for Woking 

r * By Paul Newman 

"^Woking, from the Vauxhall- 
11 jOpri League's second division 
lb. are througb to the first 
nd proper of the FA Cup for 
first time in eight years after 
jirday’s J-0 victory at home 
; Weymouth in the fourth 
gifting round. 

JA crowd of more than 1,000 
Dawbcr hit the winning goal 
minutes from the end. 
»ui. the former Chelsea 
cr. made his Woking debut 
al the age of 45 because Lomas. 
Woking's regular goalkeeper, 
unavailable. 

jQddenninster Harriers were 
pother GM Vauxhal! Con- 
&itoce dub to lose away lo 
opponents from a lower league. 
Ctocy. who passed a late fitness 
test, scored bis 22nd goal of the 
L' season for Kjdderminsier. but 
Wilkins and Thrift gave 
ipidnisford City, the Southern 
League leaders, a 2-1 victory. 
Tjvuudstone United, the Con- 
ference leaders, and Enfield, the 
e^atnpions. both needed laic 
equalizers to force replays. May 
scared nine minutes from the 
efcd to earn Maidstone a 1-1 
Jnw at South wick (Sussex 
County League! in from of a 
crowd of 1.228. and Enfield 
jftw l-l at home to Bury Town 
(Building Scene Eastern League) 
thanks to Flint's goal seven 
minutes from lime. 

_ Draper scored three goals in 
VS Rophy’s 5-1 win away to 
K- "Wycombe Wanderers, the 
League leaders. 
■flerConway had put the Souih- 
I ; cm League side in front after 34 
[ •. cgconds* 

I - Derbyshire scored the only 
. -epal of the game for Stafford 
' {tangera 10 minutes from the 
r »'• !qda way to Northwidi Victoria. 

1 - and in ihe other all-Confcrencc 
T- -- pc. Weald stone won 3-0 at 
!• • {v^ enhani with goals by 

GT3' Ci Greenaway and 

!v>l .Wallace 

:v*T>. • N ■. 

\ 


\. 


season into contention for the 
championship. 

They, like Juventus in mid- 
week. would have been un- 
comfortable at limes but at 
least they would have enjoyed 
the menial battle. They never 
started to relish the physical 
warfare at Plough Lane, where 
even the officials on the 
periphery were not certain of 
avoiding damage. 

One of the linesman hap- 
pened to be caught by the 
studs of Elliott, who was being 
bumped and bored as usual by 
the ebullient Hasbanu. Nor 
was the flag bearer the only 
victim of Wimbledon’s 
aggression, which teetered be- 
tween the ferocious and the 
unacceptable. 

Both of Norwich's central 
defenders finished with shirts 
stained with blood and 
Biggins was carried away after 
being wounded by Winter- 
bum's shuddering challenge. 
Hodges and Fairweather were 
booked for appallingly late 
tackles and so. later, was 
Eliott for retaliation. 

As might be imagined, the 
football itself often seemed of 
secondary importance. Since 
the roof in front of the press 
box is as low as the brim of a 
hat, little was seen of it 
anyway. The ball spent most 
of the windswept afternoon on 
its customary flight-path 
around the skies. 

Norwich's efforts to keep it 
on the ground were never 
convincing. Nor was their 
attempt to match the commit- 


ment of their opponents. Ken 
Brown's description of his 
side's first away defeat of the 
season was littered with words 
such as “disgrace” and 
“ridiculous”. 

They will learn from their 
painful lesson. No doubt they 
win insert an iron fist into 
their velvet glove. Relieved as 
Dave Bassett was to see his 
team end a sequence of six 
matches without a win, be 
suggested that he might be 
preparing to reverse the 
process. 

The most notable flaw in 
Wimbledon's line-up, a pan 
from the lack of a gifted 
creator, is the absence of a 
reliable goa [scorer (chances 
were taken by Fashanu and 
Gayle but many more were 
missed). Bassett has recently 
been to Scotland on a scouting 
mission to look for forwards. 

The name of Goddard, of 
West Ham, has also been 
mentioned as a possible ac- 
quisition but any deal will 
depend on whether the price is 
righL The financial demands 
would be of little significance 
within the Bemabeu but. then 
again, they would not be 
seeking the same kind of 
player. 

WIMBLEDON: D Boasant J Kay. N 
Winterbum. S GaBers, B Gayle. A Thom. 
A Cork, C Fairweather (sub: W Downes). J 
Fashanu. L San-chsz. G Hodges. 

NORWICH CITY: G Ben-stead; I 
Cutoertxxtse. A Speanng. S Bruce. M 
Phelan. S BSott. I Crook. K Drinteil, W 
Btggins (sub: T Putney). M Barham, D 
Gordon. 

Referee: P Vanes. 



Synthetic excuses 
brushed aside 
by united Rangers 


<V,'N : 


By Cfire White 


Dragging each other down: Stapelton (left) of Manchester United and McCarthy of Man- 
chester City daring the 1-1 draw yesterday (Photograph: Ian Stewart). Report; page 48 

Hayes stays to make it pay 


By David Powell 


Arsenal- 

Chelsea. 


Forest missing fire 


By Nicholas Harling 

Oxford United 2 

Nottingham Forest 1 

For those of us who had been 
attracted to the Manor Ground 
on a wave of expectation to see 
this new phenomenon that was 
Nottingham Forest for the first 
rime. Saturday was a dis- 
appointment. 

Gone was the style, the (lair 
and manifestly the finishing 
power that had taken Brian 
Clough's team to the top of the 
first division. That they man- 
aged to still be there by the end 
of the day said more for the 
timely failings of their fellow 
contenders. Whether they will 
still be there by the end of the 
season is a matter for debate 
considering that one of the 
criteria for success is the ability 
to win despite playing badly. 

Because on what was palpably 
one of their oftdays, the League 
leaders did not by a long way 
have what it takes to tarnish 
Oxford’s unbeaten home record; 
besides a free-kick from Metgod 
and Pearce’s late penalty. Forest 
did not even manage a shot 

Complacency seemed to be 
their undoing, and that for a 
team managed by a motivator 
such as Gough seemed to be 
inviting trouble, especially 
against a team with as prolific a 
finisher as Aldridge. 

Aldridge has not looked back 
since Maurice Evans threatened 
to drop him after he had scored 
only one goal in Oxford's first 
seven games. Rated by his 
manager as now worth £] 
million, the forward (who Evans 
surprisingly revealed is not 
considered by Liverpool as a 
successor to Rush) has obliged 
in the subsequent seven games 
with 1 1 goals. 


His latest effort came after 
one of Forest’s few sweetly- 
flowing moves had broken 
down on their left flank. From 
Langan's break, .Aldridge, ever 
the opportunist, capitalized at 
the second attempt after Segeis 
had kept out his first. The goal 
which sent Oxford into a two- 
goal half-time lead was sweet- 
ness itself. Aldridge evading 
Walker's tackle to lay the ball 
square for Houghton to score 
with a chip of which any golfer, 
holing out of a bunker, would 
have been proud. 

Forest's problems arose from 
unexpected quarters. McigotTs 
uncharacteristic lack of 
authority at the back under- 
mined the confidence of the 
back four until he was moved 
into midfield after Campbell's 
substitution. Oxford had also 
done their homework so well 
that Carr rarely escaped down 
the righu if Dreyer was beaten, 
then Siatter. coming across from 
the centre, invariably not only 
removed the danger but put up a 
good case for continuing when 
Shotion is fiL 

More the pity, then, that the 
inexperienced Dreyer. having 
been booked for his one callous 
challenge on Can-, should get 
himself sent off for an equally 
cynical foul on Nigel Gough in 
the centre circle. By then, after 
Brock's handling offence, Pearce 
had given Forest the sniff of a 
point with a penalty that just 
beat the dive of Parks. Any 
further reward for Forest’s late 
surge would have been an 
injustice. 

OXFORD UNITED: A Parks: D Langan. J 
Dreyer. L Pfx&ps. G Bnggs. N Slaaar. R 
Houghton. J AMndge. 0 Leworttiy. T 
Hubbard K Brock. 


As Arsenal climbed to their 
highest League position for 
more than a year, George Gra- 
ham, the club's manager, was 
obliged to contemplate how, 
only a month ago. he nearly sold 
the* player whose goals at 
Highbury on Saturday put them 
there. Had Graham had his way. 
Martin Hayes would have been 
appearing in the second division 
for Huddersfield Town instead 
of netting the brace against 
Chelsea which lifted the North 
Londoners into the thick of the 
championship race. 

Graham wanted Hayes to 
leave but the 20-year-okl de- 
clined the move. Almost im- 
mediately injuries presented 
him with a first-team chance, 
since when he has scored four 
goals in as many matches and 
been given the job of penalty 
taker because nobody else 
warned iL “I was prepared to let 
him go. but I’m pleased he is still 
here,” Graham said. Hayes, who 


wants a future at Arsenal now 
appears to have one, at least for 
the time being. 

Cries of “Boring Arsenal” 
rang out, but the only boring 
presence was the section of 
Chelsea supporters who chanted 
such outdated accusations. 
Arsenal were slick and enter- 
taining and. with Williams. 
Davis and Rocastle forming a 
triumvirate in midfield, Chelsea 
were well beaten. 

They bad their chances. Lee 
missing the best of them by 
heading wide of an open goal 
with the score at i-1, but 
Arsenal enjoyed the greater 
possession and denied their 
visitors a single comer until the 
last quarter of an hour. 

Bum stead had given Chelsea 
a 21st minute lead with a 20- 
yard drive but Rocastle beaded 
an equalizer on the half hour. 
Jones injudiciously struck a 
back pass for Godden, but 
Hayes got there first and it was 
only the goalkeeper’s legs which 
prevented Arsenal from taking 
the lead on 54 minutes. 

Hayes, though, was not to be 
denied and, two minutes later, 
he made it 2-1 from close range 


after Quinn and Groves had 
combined to present him with 
the chance. Another i 1 minutes 
and Hayes was thumping in the 
• Wood had tripped 


Graham suggested that 
London teams with an eye on 
the championship face greater 
pressure than those outside the 
capital because of the number of 
Derby matches. “Look at Chel- 
sea and the chances they created 
for an away team.” Graham said 
in support of his view. Wimble- 
don, West Ham United and 
Tottenham Hotspur have each 
had turns as London's leading 
dub this season and. if 
Graham's theory holds true. 
Arsenal will be hard-pressed to 
maintain their position in the 
coming fortnighL Their next 
two League matches are against 
Charlton Athletic and West 
Ham. 

ARSENAL: J Lukfe V Anderson. K 
Sanson, S WBSams. D Oleary. A Adams, 
D Rocastle. P Davis. N Cun (sub: I 
AttnsonX P Grows. M Hayes. 

CHELSEA; A Goddam D Wood. D 
Rougvia. C Pates (sutr c Lev), J 
McLaughlin. J Bumatead. P Nevin, K 
Jones, K Dixon, K McAJGstsr. J Murphy. 
fManaa: D Reaves. 


OPR ; 2 

Tottenham Hotspur — - 0 

For the neutral, at least, there 
always seems to be something 
unsatisfactory about home wins' 
on synthetic pitches. Like a 
gambling dub with a crooked 
wheel, the odds are stacked 
heavily in favour of the house. 
Losers, therefore, come away 
with- sympathy and a ready- 
made excuse. . But- for David 
Pleat, who once enjoyed such 
advantages, sympathy was pos- 
sibly less forthcoming on Sat- 
urday. 

Considering the success he 
had on bis own superior syn- 
thetic surface at Kenilworth 
Road and as a visitor- to Loftus 
Road with Luton Town it was 
perhaps more difficult to ex- 
plain away his new dub’s defeat, 
particularly as the pitch could 
not be blamed for either goal. 
But even Rangers’ fine individ- 
ual performances and the fre- 
netic excitement of the match 
could not blur tbe view that on a 
grass pitch we would probably 
have had a different result 

Rangeis’s carpet, relaid- at the 
start of the season, looks no 
different to the previous one, 
while the ball behaves just as 
excitedly. This son of surface 
has been in existence some years 
now but players have yet to 
come to terms with it largely 
because it places too much 
demand upon tbe Limited ball 
skills of the evayday English 
footballer. It was significant that 
the only player relatively un- 
troubled by tbe surface was 
Tottenham’s Hoddle. 

It is perhaps time that the 
Football League and FA set a 
standard for such pitches. Pleat, 
naturally reluctant to criticise it 
too fiermy, said: “players on 
both sides coukl hot control the 
balL You've got to remember 
that you can't balance as well on 
it as you can on grass.” 
Tottenham’s defence, which has 
the best away record of anyone 
in the first division, looked 
distinctly uncomfortable, by 
Pleat's own admission. They 
were always overreached by the 
pace of the ball whereas 


s’ defence, like a retreat- 
ing boxer, always rode Spots' 
punches. 

Even .Cliye Allen, 
Tottenham's compulsive goal- 
scorer who could once call 
Loftus Road home, blamed the 
bounce when hesitating on an 
excellent chance presented him 
by a classic drip from Hoddle in 
tbe fifth minute. Four minutes 
later his younger coosan. Martin, 
was decisiveness Itself when 
sprinting through a static 
Tottenham defence to bead in a 
ball from James struck with afl 
the subtlety of Hoddle’s. . 

If Tottenham's defence, 
looked frozen then they ^ere 
caught cold three' minutes tnto 
..the. second half This rime .an 
astute chip by Fereday, 
outstanding in his new fuHbacfc 
position, picked out Byrne in 
splendid isolation and tire Irish- 
man had rime to cnesitbe ball 
down and score. Only a post, and 
Mabb utt’s athleticism denied 
Bannister a third goal, while 
Waddle's miss m from, of an 
open goal with the last kick of 
tbe match reflected only too 
vividly the inability at Totten-. 

. ham of anyone other, than Give 
Allen to put the ball in the net. 

Ifor a dub supposeffly. strug- 
gling internally Rangers Showed 
a united front lo the outside 
world- Martin ADen. pleased to 
surpass for once the efforts ofhis 
more famous cousins. Give and 
Paul said: “The spirit at Sang- ' 
ers is good, there are a few 
international . players who are 
unhappy but- that's their busi- 
ness. There was an England 
international on the bench, apd 
those of us out there wanted to 
win for the dnb_” _ 

- Jim Smith.- his. manager, 
would not have argued with 
those fewTvords. Pleat, though, 
put his foot in it when having 
the last word on the pitch. He 
told Smith: “I think my players 
would ask for a- transfer if they 
bad to play each week oh that,” 
to which Smith replied: “Thai's 
exactly what they are doing.” 
.OPR: 0 Soman: W Faraday. I Dams. M 
Allen. A McDonald, G Cfcfeara, Q 
Waddock. R Jamas. G Bonham, J Bym«. 
CWaHter. 

TOTTENHAM HOTSPUR: A CMmance: G 
Stevens (sab, O Anflask M Dumas, G 
Habere. R Go«gh, G Madtoun. C Allan, N 
Ctwssan. CM0M. G Hodde.PAfer. 
MarewKHadcatL ‘ 


J 

i 

k 

t 



Luton lead ambush of the top five 


Bowyer. 

Bones. D Campbell is ufr C Favctougb). 
Referee: R S Lewis. 


The competitiveness of this 
season's league championship 
was demonstrated on Saturday 
when the top five dubs were all 
beaten by supposedly inferior 
teams. 

The most remarkable result 
came at Kenilworth Road, 
where Liverpool lost 4-1 to 
Luton Town. Mike Newell 
scored three of the goals against 
the team he supported as a boy. 
In fact Newell's first dub was 
Liverpool though he only played 
there as an amateur. 

it was the first time since 
December. 1983. that Liverpool 
had conceded four goals in a 
first team match, and the first 
lime for 32 years that they had 
lost to Luton. Last season's 
double winners were not helped 
by some more than usually 
eccentric goa I keeping by 
Grobbelaar, who ran out ofhis 
penalty area and fluffed a clear- 
ance for one goal and made a 
complete mess of a cross for 
another. 


By Simon Jones 
Another goalkeeper in the 
news was Coventry City’s 
Ogrizovic. He scored his dub's, 
second goal in the 2-2 draw at 
Sheffield Wednesday with a 
drop kick which bounced over 
his opposite number, Hodge, 
and went in off a post Not 
surprisingly, it was his first goal 
in senior footbalL 
Possibly the swirling wind 
and driving rain at a number of 
grounds contributed to some of 
the day's stranger events. At 
Goodison Park, Mountfield 
made a conspicuous return, 
scoring twice in Everton's 3-2 
defeat of Watford. Bui he also 
conceded a penalty for an 
injudicious challenge on Barnes 
as well as heading an own-goaL 
Elsewhere in the First Di- 
vision, Hodge restored Aston 
Villa to winning ways with both 
goals in a 2-0 viciory over the 
team taking over from them as 
punchbag, Newcastle United. At 
Filbert Street, a late goal from 
Wallace sealed Southampton's 


3-2 win over Leicester City. 

In the second division, Ports- 
mouth held on to the leadership, 
coming back to win after being a 
goal down for the second rime in 
a week. Hilaire scored both 
goals in their 2-1 defeat of Ron 
Saunders 1 reshaped West 
Bromwich Albion. Oldham Ath- 
letic. too, made a fine recovery. 
Palmer heading a last-minute 
winner in tbe 3-2 victory al 


With MsMlesbrongh drawing 

2- 2 at Bristol City after being 
two goals down after 19 -min- 
utes, Bournemouth went to the 
top of tbe third division with a 

3- 1 win over Wigan Athletic, 
despite having their new sign- 
ing, Campbell sent off In the 
fourth division, Northampton 
Town kept on galloping with, a 3- 
2 victory against Hereford 
United. They remain eight 
points dear of Exeter City, who 
are still the only unbeaten side 
in the league after their 3-0 
defeat of Burnley. 


. By Simon OHagan 

West Ham United” 1 

Chariton Athletic.- 3 

It has been a good season for 
those dubs promoted to the first 
division, Wimbledon and Nor- 
wich Gry have bad their mo- 
ments of dory, and may yet be 
.destined for more, and now 
Charlton Athletic, in many ways 
the onlikdiest of the three to 
succeed, are making their pres- 
ence felt with some intelligent 
and resourceful football 

Saturday's- victory at West 
Ham United was them fourth m . 
a tow in the League, their fifth if 
you indude.a Lmtewoods Crip 
tie. Having struggled for the 
opening part of the season. 
Charlton are suddenly finding 
themselves at home, in a 
footballing if not a literal sense. 

Neither players nor support- 
ers nor the' management at 
Chariton have really come to 
terms with last season's move 
from their ground at Tbe Valley 
to the home of Crystal Palace, 
Sdhurst Park. That much was 
more than evident at a meeting 
last week when it was revealed 
that an attempt to buy back The 
Valley bad failed. 

Maury Chariton supporters 
refuse to go to matches at 
SeUnust Park, so for them an 
away fixture at West Ham is just 
about ideal They were in good 
voice right from the outset on 
Saturday, for in an astonishing 
opening to the match Charlton 
took the lead in nine, seconds. 


West Ham having kicked off, 
the ball was played back to Gale, 
whose square pass towards Par- 
ris on the left touch-line was 
TOiercepied by Lee: Melrose, 
running round the . back of the 
defence, picked up Lee’s instant 
througb-baJI and skilfully 
chipped tbe advancing Parkes. 

The tone was set -for an 
entertaining match hi- which 
Charlton, for whom the 
outstandims features were the 
- dflehsivt^ flSvering'sbr Hum- 
phrey, the midfield iriddstry of 
Aiztewood apd the al 
combination of Lee -and , 

. rose, always seemed tb have the 
edge over a West Ham side 
whose general teamwork was 
not quite as precise as'we have 
come to expect. 

Chariton made it 2-0: m tbe 
38 rh minute when Walsh made 
the business of curling bn. a 20- 
foot shot from an acute angle 
foofc almost routine. A nxmtttfe 
before half- tune West: Ham 
pulled a goal baqfc that was 
equally as good. •Qbttee volley- 
ing in from WariEs deep eross. 
Bui it was about the tinhc time 
West Ham’s, pfay canta? Two 
focus- The. sfatatter certainly 
jammed a quarter of an 2 hour 
from the end when Pearsqn was 
given time and rooiti to pick up 
Peake's long ball forward 
round Parities for 
third. 

WEST HAM UNITED: P ParfcBS; R Stew- 
art G Parris. A Gate. P HBton. A 
Dovonsbins (sub: K Keen). M Want P 
Goddam A nefcens. A Cotwa. N Orr. 
CHARLTON ATHLETIC: N Johns, J Hum- 

gra^M ReKL A Pwstoa. S Thorapaon, p 




Aiztewood. 


R Lba, M Swart J Metros* M 
CT^totofcJPBanon). 


WEEKEND RESULTS, SCORERS AND TABLES 


First division 

Arsenal 3 CMsm 1 

Aston Vflta 2 Newcastle Utd 0 

Everton 3 Wattonl 2 

Leicester City 2 Southampton 3 

Luton Town 4 Liverpool 1 

(Maid United 2 Notting ham For 1 

OPR 2 Tottenham o 

Sheffield Wed 2 Coventry City 2 

West Ham litd 1 Chariton 3 

Wimbledon 2 Norwich City 0 

Yesterday 

MAN CITY (0) 1 MANUTD (0)1 

McCarthy Stapleton 

32440 

HOME *«MT 

PWDLFAWOIF APfc 
NMbFgr — 12 < 2 I II 2 3 I 2 13 11 a 

KnridOtr 124 t [ ft I 2 ) I S (22 

EmOH 12 4 1 1 11 S 2 2 2 9 9 21 

Meal 12421922135621 

Lmrpni — Q32I1153B3I3 112B 
cmtrOr e t i m i i z t m 
Toaeptae - T2Z3tSS3I265t9 
MHn —12 3 0 3T213 2 4 011 9 G 

SMMWM It 2 4 IIM 2 2 2 MM 

Uolie 12330721235717 

am I7 40ZW7 1 2337 17 

oa»M — 12 222173027 10 17 
Sortampla 12412141114 11 U IE 
VUidv .12 I 1 2D I 2 S I 4 71| 
17331(4 1 1441715 
lExataOIr B22ZM213US 
KM 1231210511(912 14 

tauNi. iz 3031 ii i i 4 ana 

■mM _ 12 3 I 111 7 0 3 3 4 812 
ntbta — Q 1235 11 21301212 
NmCar- 12 13277024278 
-12211701242121 
FA CUP: Fourth ipiaWykig round: Bath 2. 
Yeovil i; Bidatoro 0. Darttord Z Bishop s 
Stanford 2. Ftetwr 0: Boston 6. Gains- 
borough 0. Bramsgrove 2. Buckingham 0: 
Chetawstad 2. Kndarmnstsr 1: Chestor- 
Ite-Smwr 2. Caernarvon 3; Chortey 3. 
Btsnop Auckland Z Dagenham 0. 
WeaWstcme 3: Enfield 1. Bury Town 1; 
Famrwrougti 4. Heme Bay O: Gooto 1. 
Nuneaton 2, Halesowen 2. Oldbury Z-, 
Kettering i. Windsor and Eton 0-. King's 
Lynn 1, Woodford 3: MacdesfiefeJ 0. 
Southport i. Northwtcti Vienna a Staf- 
ford 1: Slough 1. Dover 1: SouthwtcX 1. 
Maidstone 1: Soermymoor 2. Gretna 0: 
Ton Perm 5. Mmehead 1. Trowbridge 0, 
Fareharo 0. Wembley 2. WeKng 3: Whitby 
2. Newcastle Blue Star 0. Wimbome 2. 
Bognor 5; Woking 1. Weymouth 0; 
Wycombe vs Rugby 5: rearing t. 

FA VASE: First round replays: deafer 
Moor Ceibc 2. Eppleton CoMry Welfare 1 ; 
Sotomere Si Michaels 1. Paget Rangers 2: 
Famham 1. Banstead 2. HavemUl 2. 
Beckton . Cobnam 0. Wtuehawk a 
Ro»«sons ORG 1. CJevedon £ Road Sea 
(Souths moron) 1. Lymingron 1. 
St ow ma rtial 5. BrtgMmgsea 0 
ORYBNOUGH5 NORTHERN LEAGUE: 
First divi sion: BMh Spartans 2. Ryfnpg 
CA z Crook 0. Ferryhlll 1; Hartlepool Z 
Easmgun O. Ptstartee 1. North Shields Z 
Tow Law 2, Consult i. wmsey Bay 4. 
Brandon 2 


Second division 

Barnsley 2 Sheffield Utd 2 

Bteckbuni Rvrs P Bradford City P 

Crystal Pal 2 S hr ew s bury Tn 3 

Ue-S-y County 4 Brighton 1 

Grimsby Town 0 Leeds United 0 

Huddersfield Tn 1 HufiCHy 3 

Ipswich Town 2 Stoke City 0 

MM we B 3 Plymouth Axgyte 1 

Portsmouth 2 West Bromwich 1 

Reading 2 OidhamAth 3 

Swdertand 2 Brori a g ha m City 0 

HOME MUY 

PND L F II 0 LF APS 
nstmmlk_iz S 1 IN 3 2 3 1 5 4 25 
06Su«i A* . 12 3355340209 24 
UsfeUefcd 059 114 51324 621 
Phnom — 1232 19723110 8^ 
S— rind . 12 33072222 11 029 
hnwkTmi 12321632220130 
Wad Bm .11 t 1 111 S m 4 11 
DnfeyCWh 12321 IB 5213450 

S al Pd - 12 38 3 I 93 -5 3 3 11 0 

Dh 1Z3B371S2225617 

Ruder — >22 1 3 12 9722 II 90 
“ " IIM 12 14 I5B222E6S 

12312 11 61 1459 14 

12 2 4 5 II 7 1 1 4 5 m 14 

HI 2 1 6 2 5 3 3 5014 

feWrty 11 032133719914 

SSwwSwy .030354 1 11613 11 
Mad drill 23902 124512 
HnUnsfcdd D 3 1 J 11 11 5 2 4 1 6 12 
SWBWr - 032174056 1* 11 
Butina _ IB 2 5 3 9 7 1 1 3 3 5 IS 
Bands) _ 0 12379123360 

VAUXHALL-OPEL LEAGUE: Premier c&- 
vteton: Bromley 1. Hendon 0: Croydon 1. 
Hayes ft HibSwi 1. Harrow 2: St Acnrrs 0. 
Bartang 2: W al t hamst ow 0. tonastoman Z 
Wokingham 1. Carsttatton 0. worming Z 
□uiwrcfi HanWel 5. First tlrviaioru Brackceu 
1. B4lencayO;FincnieyO. Starnes 2: Grays 
4. Madenhead United 1: Hampton 3. 
Basildon 0: Leatherhead Z Oxford Cay 0; 
Lewes 0. Lanon su sno ana Word 1; 
Leyton- Wincata 4. Walton and H ors ha m ft 
Stevenage Borough 1. Epsom and Ewefl 
0, Tilbury 2. Boreham Wood 1:UxbndgaO. 
Kingsbury 1; Motesey 2. Newbury 2. 
Second dMsion north: Berknamstaad 0. 
Hertford 0. Cneshunt 1. Ramham 3: 
Clacton 0. Hemal Hempstead T. Cottar 
Flow 5. Letch worth Garden Ckv 3. Harrow 
2. VauxhaB Motors 1: He y bud g e Swifts 2. 
Harmony Borough 3. Hornchurch 0. 
Saffron Walden 0: flovsten 1. Avetey 1. 
Tnng 2. Wivenhoe 1: Ware t. Banco 1; 
Womnon 1. Chesham Urwed a Second 
dMaton south: Cambetfey 2. South aU 
Chattom S( Peter Z. Fieimam 2; Oensey 
i. Perersfiekl O. Egnam 2. Horsham If, 
Flackwefl Heath 1. Oorkaig 1: Marlow 5. 
Whytefeafe 2. Metroptnan Ponce 2. 
Hungertord 2 

SOUTH-EAST COUNTIES LEAGUE: Arse- 
nal 5. West Ham 1. Chelsea 1. Queen's 
Pant Rangers 0: Futoam l. Norwicn £f 
i. Mitwan 4. Portsmcuin ?. 
1: Tottenham 3. Charirori i; 
Watford 2. Ipswicn 0 Second dSwston: 
Brentford 1. Southend 3- Colchester 1 . 
Luton 3: Crystal Palace 4. Nort ha m p ton 0; 
Oxford United 5. Swindon 3. 


Third division 
Bolton Wandra 1 

Bournemouth 3 

Bristol City 2 

CartsteUtd 2 

Ches t erfield 3 

□arfington 0 

Futhsm 2 

Mansfield Town P 

Notts Courty 3 

Port Vato 1 

Wafsafi 5 

York City 2 


Chester 
Ath 


Bristol Rovers 
Newport County 
Swindon Town 
Bury 

Blackpool 
Doncaster Rvn 


Rotherham Utd 


Fourth dmsion 
Aldershot 1 

Cardiff City 1 

CroweAlex 2 

Exeter City 3 

Northampton 3 

Peterborough 0 

Rochdale P 

Tvquay Utd 3 

Wolverhampton 3 

Wrexham P 


IT 

Hattrstoni 13 
HBCW) u 
Whqten _ 11 

Btaraoi _ 12 
3w*dXa 12 

. . — ! _ 11 

Yon 


P * 


i On ... 13 
-JHCet . li 
nnt-y. ter _ d 

Foiaa 13 

CteCnteM . 13 

Pnaeteswst i3 
MftguAib _ (3 
CuUhutd TT 
touted _ 12 . . 

Ponvat* 13 l 7 

Dates* .. U 3 7 
Bote U 3 ? 

Beg.. II 2 l 

WihaD H 2 2 

(tow _ IB 1 2 
B*s» 12 1 3 
Rctema _ 1] 1 


« n 

5 2 
7 3 
5 2 
1 3 
5 3 

2 


APb 
S 27 


1 1 

2 1 

1 B 

2 3 
2 

. 1 
1 • 

1 1 
1 1 

2 2 
5 2 
D 1 
1 1 
1 1 
? e 

D 5 
1 1 


WAY 
D L F 
3 I 7 _ _ 

3 1 12 725 
2 2 5 921 

1 1 6 4 21 

2 111 5 22 

2 1 15 7 21 

3 I > 620 


7 15 25 
7 4 19 
9 6 IT 
7 717 
5 9 17 
9 12 16 
9 19 19 

4 9 15 
S11M 

5 9 0 

sun 

7 13 a 
7 11 12 
915 12 


4 11 13 11 
2 6 S 11 

5 6 16 5 


HOME 
D L F 

0 514 

1 i a 

1 1 17 

2 5 7 
2 1 12 
1 2 11 II 
7 9 5 3 

1 1 11 5 

3 aa i 

2 • 15 3 

2 311 13 . 

5 3 15 17 1 

3 17 6 2 

0 ID 1 
2 2 5 5 

1 2 II 9 

2 4 12 13 
7 2 7 9 

2 12 9 
2 5 3 
214 13 
1 5 B 
1 6 8 

4 2 5 

SOUTHERN LEAGUE: Premier ifivtskMK 
Bedworth 1. Worcester 2: Crawley 0. 
Cambndge Crty 1 ; Dudley 0. Atvechuich 2. 
fa: Stourondgey. Folkestone 1. Gosport Z. 
Reoaacn 2. Corny 2. Salisbury 0. Wrniey 0: 
Sneoshed Charterhouse 2. F 
Z AMsnd dhrison Sifsron 0. 

a Gloucester 7. WMa.„ .. 

Grantnam 0. Stouronoge tt Mile Oak 
Rovers 0. Hednesford 2. Rushoen 1. 
Forest Green Rovers 3. Southe rn di- 
rrtsteft: Burnham and Hdmgdon 1. 
Dunstable 2. Chatham 0. Thanet a 
Dorchester 2. Canterbury 2: Enrh and 
Belvedere 2. Andover i. Hastings 3. 
WaterroowUe 0. Sheppey 2. Poore 2: 
Tononoge 1. Rustp 0 Postpone d : 
Gravesend v Ashford 
FOOTBALL COMBINATION: Cheiseal. 
West Ham 0. Southamoton 0. Portsmouth 
2. Tortenham 3. Luton i; Wfatford t. 
Arsenal 2 

SMIRNOFF HUSH LEAGUE: Ballymena 2. 
Ards i; Bangor 0. Lmfiekl 1: Qiftonvde 1. 
Pprradown 1 OishHery 0. Newry 5. 
Gtenavon i. Crusaders 0-, Oemaran Z. 
Cameh th Lame 2. Coleraine 0. 

NORTHERN COUNTIES EAST LFAWnb- 
Premwr dtvntam: Alheton 3. Long. Eaton 
0. Arm rhor DC 4. Benaev wetona 5. 

\ EastwoOd 0. Sndhngton Trimty 0. 

0, GusBiey 2. Emtey 1. Harrow ^ 
Farstey c«nc 0. Norei Fomby 
Bnes region D. Pontefract Cdbenes 
Belper 1 Sutton Town 1. Thacktey 2 


P 
tt 

i Dir u 
Etercar- 13 
Csttcar_ n 
SwtedDM 12 

Prestos C 

Writes O 

Traesm _ Q 
WnaSow— ID 
mrsm — 13 
Lace* Oty . 13 
Crme/llo _ 13 

Onm 12 

CiaMige - tt 
Sotetne - 12 
CmWCte- O 

Bmfc) 13 

HaraMUd 13 
P ae rtotB Ui t3 
Haiti* — II 
IgnnrlM 13 

kteui Inn U 
Hatenoi- □ 
Stoteril 11 


21112 
513 6 

1 2 14 1 

2 2 9 5) 
S 1 11 II 
5 1 12 S 

3 1 H 
2 111 

4 1 7 

2 1 3 

3 1 I 
3 3 
2 1 
3 2 

1 3 
3 3 

2 3 


Hartlepool UM 1 

Scunthorpe Utd 1 

Habtax Town 2 

Bwtifey 0 

Hereford Utd 2 

Lincoln CUy 1 

Preston N-End P 

Swansea City 5 

Orient 1 

Cambridge Utd P 


MAY 

D L F APIs 
1 1HH31 
3 211*24 
IMIS 
3 211 12 22 
1 2 7 521 
2 9 921 
21)5 
2 7 4 n 

2 7(5 

3 5 11 II 
2 5 9 17 

2 11 5 16 
5 5 14 K 

131 

4 14 IS 
514 0 
111 12 
Ell 12 

3 6 O 12 
5 7 It 11 

3 in 9 

4 2 M 5 


CELTIC 
McCtaF74vZl 


D L F A 

0 5 II 5 
5 IQ 5 
2 812 5 

1 i n 7 

2 IQ I 
1 1 11 1 
a 4 a 


a s 

7 8 
5 3 
910 
S I 
4 11 
3 9 


Yesterday 
Skol Cap Final 

(0) 1 RANGERS (0) 
19 Dunant, Cooper 
(peri) 

Scottish premier division 
Clydebank 1 StNfinwn 

* ' 3 Fefidrtr 

0 Aherdeen 
2 Dundee Utd 
4 " 


Hearts 


Ortlc. 


1 
0 
t 

z 

1 

PWDLFAQDLFAFto 
— Q I 1 in 4 I nil 122 
M.U 5 15153331QIZ2 
_ Q S 8 1 U 3 4 1 2 12 6 Q 

— 5 4 I 111 4] 2 2 7 !» 

_ — . M 4 1 1 12 3 2 4 2 11 II 17 

— M412S53137715 
Sltira — Q I 2 I I i 1334913 
Ofritorir -14 1 745103945 11 15 
" " 711 1 3 1 7H V 

721 Q 
4 11 7 
311 1 


l_ 14 
_ 14 

few — . 1* 

Heriton _ H 


3 3 711 1 3 

3 2 I 9 1 1 

4 3 6tt 1 1 
■ 5 422 ■ 1 


Scottish fast division 

Clyde 2 Forfar Aft 


IFHe 


0 : 


NENE GROUP UNITED COUNTIES 
LEAGUE: Premier dviatofc Bwmw Z 
Braddey 3: Eynesbuty 2. Woomm 1: 
MhkngMftxrti 2. Nortfranpton Spencer 

0. Potion 2. Hofeeach 0: Rounds 4. Long 
Buck by 0: Rothweil 3. Kempston 2; St 
Neots 0. Ariasey 0: Spaidaig 0. S and L 
Corny 0: Snorri f. Dosborough I . StottoU 
a, Ampthffl 0. 

BASS NORTH-WEST COUNTIES 

1. FAGUS: Pint division: Bootle 0. Rad- 
diffe Borough O. Congteton 0. Permth O. 
Kahby 1 . Fleetwood 2: usek 0. Bursraugh 
0: St Helens 4, Cunon Ashton 1: 
Sialyonage Cette 1 Netheriiekl Z 
Winstoro 4. Gtossop 1. Postponed: 
Accnrgton Stanley v Leyiand Motors; 
Warn v CMheniB. Ftosaendaie v Eastwood 
Hanley. 

BUUXHNQ SCENE EASTERN LEAGUE: 
Bramtree 2. Great Yarmouth 2; Ctacttn 2. 
Sudbury 3; Colchester United 1. HtstonO: 
Ely l. March 0; Faiarstowe 2. Lowestoft 0: 
Gorteston 2. Brantham 1: Harwich end 
Parkeston 4. Chatteris Z Watton 3. 
Newmarket 0; Wtsbech 0. nptreo 1 

ARTHURIAN LEAGUE: Premier dtvMon: 
Lancmg 5. Attenians 0. 

ARTHUR DUNN CUP: Preflndne i y ro un d : 

Chigweilrans 9. Si Edmund's Ch 
Wahtriturians 1. Salopians 2. 

GREAT MILLS WES7ERN LEAGUE. Pre- 
mier dhteon: Chtppenham 0. Sottash ft 
PaJton 1, Taunton 0: Plymouth Argyfe 5. 
RarstocK 1: Oandown 1. Tomngt on z. 


3 Outran Of 5th 2 

2 AMteonam 0 

1 Dum bart on a 

1 Patrick 2 

Scottish second division 
AyrUmtod 2 Maadawbw* 0 

“ 1 Cowdenbeadi 3 

2 Queen's Perk a 

3 Arbroath 0 

T Snt Johnstone T 

Storing Alb 0 AMon Hovers 2 

Strenrasr 0 AloeAtMetic 1 

MULTIPART LEAGUE: Barrow 0. Bangor 
City 0: Burton 4. Moseley Z Buxton 1. 
Hyde 1; Harasch 1. winon Z Mattock 2. 
Morac am be f: Rtwf 1. Workington 0: 
South Llveroool 1, Marine 4; Wdrimop 1. 
Oswestry 2. 

SUSSEX COUNTY SENIOR CUK First 
round: Bextrif 0. Soaford 0: Bosham 1. 
Hassocks 1: East Gmsued 2. Sidtoy a 
Eastbourne United 2. SeiseyO: Fenteg a 
PorlfleU 3: Newhsven 1. Frenktends 
VBlage 1: Oakwood 4. SumnuDn ft 
Pagfiam 3. Wtonore ft Rtogmer 1. uttta 
Common Albion a 

GM VAUXHA1I. CONFERENCES Runcorn 
1. FricUeyO. Scarborough 1. Cheltanham 

3. Sutton Urttted 3. Barnet i. Tadorri 4, 
Ahrmchsm 0. 


TODAY’S FIXTURES 


POOLS CHECK 


FOOTBALL 

Kick-off 7 JO unless stated 

Today Laggua 

Fourth (fivMon 

Stockport vWortham p t o n 

VAUXHALL-OPEL LEAGUE: Prserier ifi- 
vtmoK Wfltthamstow v Hendon. 
SOUTHERM LEA43U& BJ8 DeHow Cop: 





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bury v Dorchester. 

CENTRAL LEAGUE First dMafen 
Lerosstw v Aston V*a (7.0J 

Sox hit two runs m ute extra .‘ bab aia^meground and to the > 

inning and seemed destined to ' near J^sterfa* the Mete, home - g 

take then: first cbamploosWp - qrowdffldd Bioaitx Som ihe R«1 1 

T 

04 

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OTHER SPORT 

since Babe Ruth pitched them to Sox, Budawr ha it ihraoah his : ! 

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BAOFWITON: WkrtolMOn ttUrilMMAt (At 
WattbiedOfl S ana BC). . 

the title 68 -years- age. 1 
So* were . always on: top in. deoder.lmB. fast .smtbL.,:.- ‘,2 


SQUASH RACKETS 

Davenport emergeis 
from the shadow 

ByColinNM)iiilIu . 

Stoait Davenport, the 




world ajod secoBd .in. New 
Zealand unset both' of those 
ratings on Saturday night, wfa- 
aing his first .myor title hy 
beating Ross Nonas 17-38, 5- 
15, 15-10. 15-10, 15-10 fo a two- 
hoar IO-urinote marathon 
Opes final In Houston, Tea 
Tsjwcring height, caonwos 
reach and Ugfateung reactions 
make Da ve nport one of the most 
forceful front coart players in 
the world. -Where ether players 
tend hi drift backwards under 
pressure, be prefers to advance 
into tbe teeth of the storm. First 
string for Skol Leicester In the 
American . Express National 
League, tbe popular Davenport 
has never previously pierced die 
elite snpiemecy of either his 
compafriate or Jahangir Khan. 


When Nonapa was beared hi 
a parachute accident lining the 
summer of l983.Daveapdit won 
his only New Zealand 
cbamptofuiklp and- be reinforced 
a passing superiority, by taking w 
game from Jahangir in the setn- 
final of die 1985 

US ■ Bnt Norman farad his way back 
to radkpOed woHd:NoJE,;win^ 
ning everything tea entered fa 
abs en ce of Ja h a ngir . 

At Houston, -the dram. 
stances were perfectly united to 
Davenport's cavaUer style. The 
‘ to u n mm e itt Was designed. to fair 
fae lucrative North American 
market onto the international 
circuit and was playedoa a 
narrow racketbafl court with a 
lowered tin. asiug an inter- 
national softball under Ameri- 
. can hardball rales and scoring. 


■ 

\ 


BASEBALL 


Magic spell on Mets 


New York (Reuter) — A fairy 
godmother seems to have cast 
her spell over the New York. 
Mets as they scored three runs in 
the. extra !0th inning to force a- 
seventh World Series game late 
last night against the Boston 
Red Sox. 

“Mirrors, magic wands, what- 
ever. What, matters is. we woo. 
the ball game.” said Mookie 
Wilson, the Mets left fielder, 
who brought home the final run 
through the Tm of Bill Buckner: 
the Red Sox first baseman. “As 
normal we came through 
ggamr : - 

Even, the Mets. fained foi 
their do-or-die rallies, seemed 
doomed this time as the Red 


normal play, bui the Mets drew, 
level by die eighth inning to 3-3 
before drama piled upon drama 
in tbe ex tra in ning. ' 

- Dave Henderson hit 'a home 
ran and. Wade- Boggs -was 

. brought home by Marty Barrett 
. off Rick Aguilera, the New York 
pitcher. -Even tife Mets’s bag of 

- MgrfacH-.awfa'Sitay oKtoght ail 
reached, th^r abases mid Carter 
siole-yioaje =u>, leave : wflsoq 

(apfey. ihsBed Sox 
fortbefimfshow- 

two Strikes 
i!i?iaffRed Stes only 
« strike away from the 
championship then hit tbe 




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i for 

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"•ini i< 


a| '! 


THE TIMES MONDAY OCTOBER 27 1986 

TELEVISION AND RADIO 


Edited by Peter Dear 
and Christopher Davalie 


A long day’s journey to take us into night US 


SSC8S TBAQfcRc 


• Today sees the sun of the 
winded daytime tele- 
jnsion service which will provide, 

&T lh 5J!£? time, programmes 
froiti breakfasi-iime to late eve- 

“Uf Jl xh0 S. t . an lhose annoying 
??*■ An all-day service is some- 

22i5 y R u S ,ic s® 1 ™ broad- 
Providing in the 
Jf c . ®°s. declares the BBCs 
oayttme supremo Roger Laugh- 
. * j ^en have been a 
_ 5?®^ ,< * ea ,n the 70s, come to that. 
A new era in British television 

77 ^ k ‘"MP** 1 * the Radio 
JjfiR bui the British viewing 
p ubl ic may be forgiven for not 
recognizing a new era when they 

g* "• ? ,nce ITV has been 
broadcasting all day for many 
years- There will be, as on ITV; 


repeats of comedy, drama and 
documentaries, today including 
The Onedio Line (BBCI, 2.30pm). 
But there will also be a new, daily 
soap: Neighbours (BBC1, 1.25pm, 
repeated the following day at 
10am), Australia's bigger, brasher 
answer to Brookside, which will 
doubtless be popular. And at last, 
in Open Air (BBC1, 1 1.30am) the 
BBC is to have a regular pro- 
gramme (live at nhat) in which 
viewers' 1 comments and questions 
on programmes are treated seri- 
ously, not just as fodder for Barry 
Took ’5 cracks. 

• Treasure Houses of Britain 
(BBC2, 4 JOpm) is the first of three 
documentaries made originally for 
America's public broadcasting ser- 
vice, to coincide with last year’s 


CHOICE 


stunning Treasure Houses of 
Britain exhibition in Washington. 
John Julius Norwich presents this 
potted history of the English 
house, with the backing of a 
distinguished production team 
whose previous credits include 
Civilisation, Royal Heritage and 
Monitor. Parts two and three wfl] 
be shown tomorrow and on 
Wednesday. 

• The Fools on the Hill (BBC2, 
9.30pm) is Jack Rosenthal's affec- 
tionate tribute to the early, experi- 
mental days of BBC Television at 
Alexandra Palace in 1936. He has 
based his play on the anecdotes of 


people who worked there, inter- 
woven with a boy-meels-two-girls 
story. It’s a gentle; leisurely piece 
filmed with loving attention to 
bothperiod and technical detail. 

• Paradise Postponed (ITV, 9pm) 
reaches episode seven and Christ- 
mas 1969. The Rev Simeon 
Simcox.has a house full of friends 
and relations, and finds that some 
bed roo m-swa pp i nghas been going 
on when he sets off on his rounds 
as Father Christmas. 

• That odd. not entirely success- 
ful but rather endearing sit-com. 
Chance in a Million (C4, 830pm) 
returns for its third series. Simon 
Callow, as ever, plays hapless, 
hopeless Tom Chance, a man for 
whom coincidence always spells 




disaster, and Brenda Blethyn is his 
patient girlfriend 

• Blood Rains (Radio 4. 8.15pm) 
is a play by Mike Walker on a 
familiar, hackneyed theme: the 
discovery, many years later, of a 
soldier's wartime misdeeds, in this 
case during the anti-Communist 
campaign in Malaya- But it's 
neatly done, with splendidly at- 
mospheric music and sound ef- 
fects. and a quietly effective 
performance by Megumi 
Shimanuki as a Malayan orphan 
of the campaign now married to 
an Englishman, whose memory of 
a horrific past is unlocked by the 
sound of a familiar voice at her 

local bank. _ __ , 

Anne Campbell Dixon Screen test: Caroline Embling and Nicholas Farrell (BBO. 9J0) 




BBC1 




BBC 2 




ITV/LONDON 




CHANNEL 4 


VARIATIONS 


:!!?! 

?! « 
. ,i ,j 

i»u- 


Hinting, ad ver^T 


wo Ceefax AM. 

Breakfast Tima. 

9JtS Who's a Pretty GW, Then? The 
™rty Minutes programme on 
the six finalists in me 1983 
“fes Pears competition, (r) 

8.45 One in Fdiur. A new 
■ magazine programme for the 
, presented by Isobet 
Ward. 1030 All in the Day. 

the BBC TV’s new daytime 5 
service. 

10 JSPhiffip Schoffeid wtttl 

children's television news and 
wrttiday greetings. 1030 Play 
School presented by Stuart 
McGugan with Quest, Carol 
OibH- fa 1030 Henry's Cat (r) 
1035 Five to Eleven. Dora Bryan 
with a thought for the day 
11-00 Gardeners* World 
Special with Geoff Hamilton. 
Susan Hampshire, Clay Jones, 
and Roy Lancaster 1130 Open 
Air. A viewers' 'phone-in whh 
comments on yesterday's 


330 Pie in the Sky. For the very 

S 4.10 Wizbit with Paul 
s 4-20 The Mysterious 
Cities of QoML Animated 
adventure series 4^45 Beat the 
Teacher. Quiz game presented 
by Paul Jones. 

530 John Craven’s Newsround 
535 Blue Peter examines the 
latest indoor ski slope. With 
twice European Freestyle, 
champion, Mike Nemesvary. 
(Ceefax) 535 Mastartoara. . 
Quiz game for teams, 
presented by Angela Rippon. 
630 News with Nicholas WftcneH 
and Andrew Harvey. Weather. 
635 London Plus presented by 
John Stapleton, Linda MitcheS 
and Caroline Righton. 

730 Wogan. Tonight's guests 
include Aft. Garnet creator 
Johnny Speight; actress 
Charlotte Lewis, star of 
■Pirates; and 12-year-old 
broadcaster Michael Newby 
who has interviewed President 
Reagan. Music is supplied by 
Auf Wiedersehen, Pet's Jimmy 
NaiL 

736 Life on Earth. David 

Attenborough traces the rise of 
mammals, (?) (Ceefax) 

830 Brash Strokes. Comedy series 
about an amorous painter and 
decorator, this week becoming 
involved with a runaway novice 
nun. Starring Kari Howman 
and Bernadette Shorn. 


PRO**LK7> 


programmes. Presented by 
Pattie ColdweK, Bob WeHtogs 
■ and Eamonn Holmes. 

1235 Star Memories. Nick Ross 
asks Su PoRard about her 
fondest television memories. 
1235 Regional news and 
weather. 

130 News with Martyn Lewis. 
Weather. 135 Neighbours. 
Part one of a new Australian- 
made soap, set in a suburb of 
Melbourne, concerning the 
Ramsay and Robinson families 
and thor bachelor neighbour, 
Des. 130 Bric-a-Brac. A See- 
- Saw programme for the very 
• young, (r) 

230 The Oothes Show. This 
week's programme deals with 
pre-teens fashion. 230 The 
Onedln Ltaie. Part one of the 
drama serial starring Peter 
Gilmore as schooner captain 
James Onedta. (r) 330 Valerie. 
The first of a new comedy 
series starring Valerie Harper 
as a hard-pressed mother 
bringing up three teenage sons 
and ooping^ with her fflrtine pilot • 
husband who is often away. 


930 Ceefax. 

838 Daytime on Two: organisations 


unemployed 1030 For f Dur- 
and five-year olds 10.15 
Musica ( sounds made by belts 
1038 How water reaches the 
taps and how it is made fit to 
drmk 1130 The story of a 
young buzzard 1132 Third 
year option choices 1135 The 
story of the fortress, Masada 
1238 Editing the news tor 
television 12.40 Songs of 
protest 135 Microcomputing 
. 138 Training tor management 
230 Words and Pictures 2.15. 
Forest management 
235 See Heart For the hearing 


935 Thames news headlnes. 
930 For Schools: a fantasy story 

about kites 847 The story of 
coal 938 Tony Ross's story, 
Spacemare 10.11 Why we 
need, and how we get, water 


930 News with Jufia SomerviHe and 
Andrew Harvey. Regional 
news and weather. 

930 Panorama: The Secrets of 
Samana. Robert Harris reports 
on Iraq's secret mass- 
production of deadly nerve 
gas, and on the front company 
and the Western businessmen 
who have helped Iraq set up its 
mass production facilities. 

10.10 FHra The Family Way (1966) 
starring Haley Mills, Hywel 
Bennett and John MiUs. 

Comedy about a young couple 
. whose married Bfe begins in a . 
series of disasters. Directed by 
- - John and Roy Boulting. - -• 

1230 Weather. 


I * 
• ' A 



Solid as booses: The Earl or Pembroke at Wilton, featured in 
Treasure Houses of Britain — Building lor Eternity (BBC2, 430pm) 


330 World Safari. Julian Pettifer 
introduces highlights of last 
night's celebration of the 
world's wildlife including a 
behind-the-scenes look at how 
the pictures reached our 
screens 335 Regional news • 
and weather. 

430 Favourite Things. Beryl Rekl 
talks to Roy Piomley about the 
things that make her happy, (r) 
430 Treasure Houses of Britain. 
The first of a new three-part 


presented by John Julius 
Norwich, beginning with those 
built in the 16th and 17th 
centuries. Hardwick Hall, 
BurgMey House, Wilton House, 
and Chatsworth, are featured. 

530 Did You See.? An edited 
version of yesterday's 
programme. 

630 FMm: Charlie Chan in 
Honohikr (1938) starring 
Sidney Toler as the oriental 
detective, in this mystery 
investigating the murder of a 
man on a ship and the 
(fisappearance of three milfion 
dollars. Directed by H. Bruce 
Humberstone. 

735 100 Great Sporting Moments. 
The 1978 Wightman Cup. 

735 Open to Question. The former 
United States Vice President 
Walter Mondale, is questioned, 
via satellite, by a studio 
audience of young people. 

80S The Story of En^ish. Part six 

of the series visits the Sea 
Islands of Georgia where a 
quarter of a mBhon blacks 
speak a sort of English called 
Guflah, the language of the 
slaves. (Ceefax) 

630 Fawtty Towers. Sybil is 
extremely upset when she 
thinks that Basfl has forgotten 
their wedding adversary, (r) 

930 The Foote on the HU, by Jack 
Rosenthal. A play recaffing the 
early days of the television 
service about the three months 
leatfng up to the first 
transmission. Starring 
Nicholas Farrell, Shaughan 
Seymour, Caroline Embfing 
and Nicola King. 

1030 NewsnigM 1135 Weather. 

11.40 TetefOunaL Chantal Cuer 

introduces tonight’s news from 
TF1 in Paris: Christine Ockrant 
reports on the state of flux of 
television. Ends at 12.10. 


the Youth Training scheme 
has to offer 11.07 Maths -the 
number six 11.19 Keeping cool 
1131 Protecting metal from 
corrosion. 

1230 Teetime and Claudia. For the 
very young 12.10 Let's 
Pretend to the tele of The Car 
Who Couldn't Keep Warm. 

1230 The Medicine Men. Hypnotists 
complain that their form of 
treatment is akin to a music 
hall act but medical hypnosis 
can benefit a number of 
oonefitions. (rt 

130 News at One urith Leonard 
Parkin 130 Thames news 
presented by Robin Houston. 

130 Ftim: Black Beauty (1971) 
starring Mark Lester and 
Walter Stezak. The story of the 
magnificent horse as ha Is 
passed through different 
owners - some kind, some 
cruel - until he returns to his 
original, caring owner. Directed 

335 frames news headlines 330 
The Young Doctors. Medical 
drama serial set in a large 
Australian city hose itaL 

430 Tickle on the Turn. Village 
tales forchldren. 4.10 The 
Trap Door. Animated 
adventures set in a spooky 
castle 430 He-Man and the 
Masters of the Universe. 
Science fiction series 435 
Henry’s Leg. Drama serial 
starring Courtney Roper- 
Knight (Oracle) 

5.15 Blockbusters. General 
knowledge game for 
teenagers, presented by Bob 
Hotness. 

535 News. 630 Thames news with 
Andrew Gardner and John 
Andrew. 

635 Heipl Viv Taylor Gee with news 
of a new video produced by the 
National Rubefla Council. 


635 Crossroads. Micky has a 
-disastrous dinner with Nicola. 
7.00 Krypton Factor. Four 

contestants contest the Group 
B final. Among the tests is one 
involving lancfihg a jumbo jet 
(Oracle) 

730 Coronation Street Emfly has a 
surprise for Curly. (Oracle) 

830 Executive Stress. Comedy 
series starring Penelope Keith 
and Geoffrey Palmer. 

830 World in Action. Part two of 
the investigation Into the 
business affairs of Abdul 
Shanty who was in debt to 
JMB to the tune of £22 million 
when the bank collapsed. The 
programme raises important 
questions about the uses and 
abuses of political patronage in 
Britain. 


230 The Late Late Show. Dublin's 
popular Saturday night music 
and chat show, presented by 
Gay Byrne. 

330 Irish Angle presented by 
Gordon Bums. The four 
finalists of the annual 
competition run by the 
Industrial Development Board 
in which the student 
contestants have to conceive 
and manufacture a product 
and present a marketing 





seven and Chnstmas 1969 is 
not a happy time in the Simcox 
household where relatives and 
friends have filled the home to 
bursting. (Oracle) 

1030 News at Ten. Weather 
followed by Thames news 
headlines. 

1030 FBm: Puppet on a Chain (1970) 
starring Sven-Bertil Taube. A 
thriller about Interpol 

of heroin 

1230 A Chorus Lira- From Stage to 
Screen. A behind-the-scenes 
look at the making of the 
screen version of the musical. 

1230 Night Thoughts. 


6.15 Good Morning Britain 

presented by Armeka Rice and 
Mike Morris. News with Geoff 
Meade at 630, 7.00, 730, 830, 
830 and 930: financial news at 
635; sport at 630 and 7.40; 
exercises at 635; cartoon at 
7.25; pop music at 735; and 
Jimmy Greaves's television 
highlights at 835. 935 
. Wacaday presented by Timmy 
MaKetL 


430 Mavis on 4. Mavis Nicholson 
talks to fashion designer 
Katherine Hamnett. 

430 Countdown. The reigning 
champion is challenged by 
Doreen Midgley, a doctor s 
receptionist from Leeds. 
Richard Whitety asks the 
questions. 

530 Grampian Sheepdog Trials. 
The third and final heat of the 
opening round of the Grampian 
Television Trophy competition, 
presented by Robbie Shepherd 
and Bill Merchant 

530 Sttents, Please* Clips from 



Playing it again: Simon Callow and Brenda Blethyn return in a new 
series of Chance in a Million (Ch4, 830pm) 


serial films, popular between 
1914 and 1929. Among those 
appearing are Peart White. 

Ruth Roland, Warner CHand, 
and Boris Karloff. 

630 Print-ft-Yourseif. The first of 
four programmes exploring the 
technical processes Involved in 
photocopying, duplicating, 
screen-printing posters, and 
offset lithoprinting, (r) 

630 Write On. Part three of the 
series designed to stimulate 
the lost art of letter writing. 
Presented by Ruth Pitt with Ian 
McMiBan. 

730 Channel 4 News with Peter 
Sissons. 

7.50 Comment With his views on a 
matter of topical interest is 
Michael Hopkins, a further' 
education teacher. Weather. 

830 Brookside. Sheila returns 
home to find Gail in Damon's . 
bedroom and jumps to the 
wrong conclusion; Tracey 
prepares for another modelling 
interview; and Charlie arrives 
at Heather's. 

830 Chance in a Mfflkm. The first 
of a raw series of the comedy 
starring Simon Callow as Tom 
Chance, ora of life's losers, 
and Brenda Blethyn as Alison 
Little, his long-suffering girt- 


Mg 


Pfffpjijj 





In Concart 12JS Staying (tie Dragon, 

Closedown. 



9.00 St Elsewhere. Dr Craig is on 
the warpath, looking for the 
doctor responsible Tor an 
abusive patient's death; and 


courage to ask Rosenthal's 
promiscuous daughter out to 
dinner. 

935 4 Minutes: Alphabet by David 
Lynch. A girt learning the 
alphabet begins to have far 
from Innocent fantasies. 

1030 OS. The final programme of the 
series examining the impact of 
the oH industry on the modem 
world. 

1130 The Eleventh Hour Life on the 
Line. The story of the ferry 
service which links Newhaven 
with Dieppe. Ends at 1135. 




MB 










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Radio 3 

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On medium wavs. 

News on me half-hour from 
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730 Janice Lora 1800-1230 Andy 
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635 Wtether 730 News 
735 Momfna Concert Gr 


Oohnanyi, Serenade in C, 
Op 18 with Hzhak Perlman 
(violin). Ptnchas 
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Barcarolle No 1 , in A minor. 
Op 26; Impromptu No 8 
In A flat Op 34; Barcarolle 
No 8 in E flat Op 78 
with Kathryn Stott (piano); 
Larsson, Concerto for 
bassoon and string 
orchestra. Op 45. No 4, 
with KnutSonstevoid 


830 News 

835 Berlioz, La captive. Op 
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Davis, with Josephine 
Veasey, mezzo- 
soprano); Rimsky Korsakov, 
Symphony No 1 . Op 1; 
Poulenc, Suite francatse 
(after Gervaise). 

930 News 

935 This Week's Composer: 
Mendelssohn (1809-47). 
Sonata in G minor, Op 105 
(Christian tvaldi. piano); 
Hexenlied, Op 8. No 8 
(Die Inch Fischer- 
Dieskau, baritone); 
Symphony No 1. in C 
minor. Op 11 (LSO under 
Claudio Abtedo). 

1030 Mozart and Beethoven 
Trios. Stuttgart Piano 
Trio. Mozart Trio in G major 
(K 4691: Beethoven. Trio 
m C minor. Op 1, No 8 
1130 Laurence Sterne's 
Music. G. B. Martini, 
Concerto in G, with Jean- 

Pterre Rampal (flute); 
Charles Avtson, Concerto 
Grosso No 6, In D (after 
Domenico Scarlatti), 
Academy of St Martin-in- 
ihe-fiek»s under NevBe 
Manriner. 

1130 Music for Oboe and 

Piano, with David Cowley 
and Bryan Evans. Nielsen, 

. Fantasestucke; Rubbra. 
Sonata; Gyorgy Ranki, Don 
Quijote and D LHcmea. 

1135 BBC Scottish Symphony 
Orchestra under Jerzy 
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Norweigan Moods; 

Thomas WHson, 

Touchstone; Sfoelius, 
Symphony No 2, in D. 

130 News 

135 BBC Lunchtime Concert, 
live relay from St John's. 

Snrnh Square. Deng Thai 

Son (piano). Chopin, 

Scherzo No 2, in B flat minor, 
Op 3i; Debussy, Images. 

Book 1; Prokoviev, Sonata 


No 6, in A. Op 82. 

230 Music Weekly, 

introduced by Michael 
Oliver. 

235 New Records. Vivaldi, 
Concerto in C (RV 554), 

Tate Music Grow Johann 
Adam Retaken. Fugue in 
G minor (Oliver La try, organ); 
Handel. Recitative and 
aria: E pur cosi in un 
giomo. . . Piangerota 
sorts mla (Julius Caesar), 
with Elly Ameflng 
(soprano); Bach, EngBsh 
Suite No 3, in G minor 
(BWV 808) with Ivo 
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Mendelssohn, Vkslln 
Concerto in D minor 

S , soloist Frank Peter 
xmann; 

Castel riuvo-T edesco. 
preludes and fugues for 
two guitars); Honegger, 
Symphony No 2 
(Bavarian RSO under 
Charles Dutoit). 

435 News 

530 Mainly for Pteasixe. 


On long wave (s) Stereo on VHF. 
535 Shipping 630 News Briefing; 
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635 Prayer For The Day (s) 
630 Today, ind 638 738 






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630 Janos Starker (cello). 

Bernard Heiden. 

Variations on Lilfiburiero; 
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Hindemith, Sonata, Op 25 No 
8 

730 Music for Organ, played 
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from Westminster Cathedral. 
Widor. Symphony No 1 
(first rttovement); Aialn. Le 





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Reubke, Sonata on the 94th 

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830 Boston Symphony 
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He is there; Ravel. 

Chanson madAcasses. 930 
Interval readtag 935 
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840 Patient Eleven, by Jack 
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1800 Jazzloday. presented 
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1137 News 




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r 


MONDAY OCTOBER 27 1986 



first vnA&bcd In 1785 


SPORT 



Mansell thwarted but lives to race again fitb 


From Brian James 
Adelaide 

Nigel Mansell yesterday 
lost, m the most dramatic of 
circumstances, his opportu- 
nity to be the world's motor 
racing champion. It shows the 
measure of the man that, in 
his hour of despair, he was the 
first to point out not what he 
had lost but the value of what 
he had saved, his life. 

A rear tyre, which did not so 
much buret as explode, sent 
the British driver hurtling at 
nearly 200mph down the fast- 
est straight of the Adelaide 
circuit. The Williams car, in 
Mansell's words, “danced 
away, side to side, right out of 
control." Magnificently adept, 
be regained command, but his 
race, one that was about to 
make him champion, was run. 

His two greatest rivals. Nel- 
son Piquet and Alain Prost, 
were left to duel over the 
remaining 17 laps for the title. 
When his mind settles, 
Mansell will not be displeased 
that the laurels went to his 
closest friend, Prost The 
Frenchman thus retains bis 
title, the first driver since Jack 
Brabham 26 years ago to 
triumph in successive seasons. 

But that is a thought for 
tomorrow. As Adelaide re- 
gained its breath, slowly tak- 
ing back the use of its streets 
after one of the most exciting 
championship finishes in 
years. Mansell and his wife 
were hugging each other far 
away from the crowds. 

It had been bleakly reveal- 
ing to watch her, standing a 
few feet away with her teeth 
worrying her lip. as Mansell 
told his story. “How do I feel? 
I feel quite terrific because I 
may not have been here, I may 
not have been alive. I might 
have had a massive accident" 
Rosanne Mansell turned away 
at that close to tears. 

Mansell, who has been ac- 
cused of being terse at mo- 
ments of victory in his 
otherwise triumphant year 
and then lacking in style when 
diplomacy mattered, now, un- 
prompted, remembered his 
manners. He paid tribute to 
Prost explained that he was 
disappointed for himself, his 
country and his team, 
congratulated his team-mate. 
Piquet for his fine challenge, 
and supported the Williams 
decision to pull Piquet in for a 
tyre change after his own 
accident Swift though the 
change had been, taking just 
83 seconds, it tipped the 
championship into Prosfs 
grasp. 

The race had been sternly 
fought “They were desperate 



ieac 



End of the road: Mansell (left) walks the long and lonely final lap of the season to the pits after his hopes of the title had ended, with his tyre, in 


■ men out there. Nelson nearly because of the 70 points he 
forced me off And Alain came had taken into this final race. 


very, very close at one poinL 


crucial insurance. 


But I didn't have to fight however, vanished in the 63rd 
them. I was just sitting there in lap when Rosberg's rear tyre 
my place, doing it well, doing stripped and became a black 


all I needed to do. r 


rubber 


That seems a lair descrip- coasted to a halt. Now Mansell 
tion of the slate the race had bad to do it for himself — but 
reached after some 60 tense (hat still required him only to 
laps. Mansell, who had started keep going, 
in pole position, had been one One lap later, the 64th, 


of four men to hold the.lead on came that terrifying instant of 
that first, ferociously-driven, ruptured rubber. Mansell had 
lap. Piquet, Senna and seen Rosberg’s edipse. His 
Rosberg, who was driving in team had even known the 
his farewell to formula one reason. They were to say later 


strategy — altered when Prost, 
with an earlier puncture, pro- 
vided evidence that the rubber 
was holding up welL 
All of that is inquest, and 
can only help the future, not 
Mansell's current 

gIoom.“Now my wife and I 
are going to get to know one 
another again. We'll bounce 
back, but we need a bit of time 
and space to breathe. We have 


own and other people's, that 
adorn drivers' arms along the 
pit lane. Rosanne stands out. 
She is a pleasant lady with a 
taste for undramatic dothes 
What cannot be taken from 
Mansell at the end of his 
incredible 12 months — it is. 
after all, only the anniversary 
ofhis first grand prix victory — 
is the new regard he has wrung 

from some in his sport pre- 


given up a lot in terms of viously prepared to gran t j am 
companionship, time without scant credit. They agreed he 


racing, were the others. 


that they were about to call 


the children. And for it all to 
end just 20 laps premature is 
hard to swallow just at this 
moment.” 


was brave and determined, 
and a good engineer. Now 
more will accept that his often 
startling speed on the tircuiis 


By the seventh lap, it was him in for a tyre change to 
the Finn, Rosberg, who had ensure his finishing. Just as 
got his McLaren going most Goodyear, the tyre suppliers, 
smoothly, and set out on a could reveal their earlier 
startling dash towards distant recommendation — that teams 
victory. A five-second lead build a tyre change into their 
was doubled, and then trebled, t«h • 

before the race was one quar- % m / -■ I I -■ 4-n -n-%* 
ter done. Mansell lurked in JJ Ml II; 
fourth place; then, as Piquet 

spun white dicing with Prost, Frank Williams, the owner 
he was through into third, of the W il l i a m s team, who 
That was on the 22nd lap, and watched the Australian Grand 
from then until his disaster, he Prix from the BBC Television 
was never to be out of the studio in London, was fnQ of 
position that would have praise for Nigel Man se ll 
made him champion. (John Blnnsden writes). 

Piquet, second, could never “I feel desperately sorry for 
shake him loose. Prost, snap- Nigel after such a marvellous 
ping at his rear with three season. I most say that I had 
record laps, would find him a not expected him to prove so 
wide man to pass. Mansell competitive so quickly. He 
stayed coot, neat and comfort- has matured most impres- 
able in the knowledge that if sively, both in his driving and 
Rosberg kept his stunning in the manner in which he has 
lead, it would still be his title been able to cope with the 
even should he fail to finish, pressures of success. 

ATHLETICS 

Spedding 
is top 
Briton 


The part about bouncing ‘of the 1986 championship 
back you should believe, just ‘came becauseofhis mastery of 
as you should appreciate the touch, a feel for the front end 


part Mrs Mansell will play in 
that operation. Amid that 
gallery of adoring wives, their 


of a hurtling race car which 
enables him to have so swift 
and smooth a line 


Williams praises Mansell 


JUDO 


Briggs’ third world title 


Maastricht — The fastest 
stomach throw ever made in 
the glittering career of the 
world bantamweight cham- 
pion, Karen Briggs, brought 
her a third world title in a row 
at the women's world judo 
championships here yesterday 
(Nicolas Soames writes). 

The final saw her facing 
Fumiko Esaki, a 15-year-old 
junior high school student 
from' Japan, who gave the 
experienced 23-year-old 
Briton a hard fight for every 
second of the four-minute 


bout. Miss Briggs tried every- 
thing she knew without suc- 
cess, until, after two minutes 
of constant effort, she fell at ! 
the feel of the Japanese, pulled 
her opponent on to her leg, 
and Esaki dutifully sailed over 
to hit the ground on her side. 

RESULTS: BantamwoMit (under 48KO): K 
Brtggs (GB) gold. F Esaki (Jap) after. 
Open MMHghtTBerghmans (Bel) gold. CLj 
(Ch) sihref. Saturday's MdH: FHttW- 

weigM (aider 52kgt D Bran (Ft) gold. K 
Yamaguctn (Jap) silver. S Ramie (GB) 
bronze. UghtwelgM (under 58uff A 
Hughes (GB) gold, M Gontoqfcz (Pol) 
stfver. Light mfckfloweJght (under 81kg); D 
Bell (GB)gold. C Gersud (Fi) silver. 


“I thought he was handling maximum speed —and I think 
the race in Adelaide just right, his coolness in handling the 


shreds (centre). Prost celebrates Ws double triumph in style (right) 

would s^liy into ihe lop ten and CRICKET 

>f the drove a dashing and efficient ■■ ■ ■■ — - 

that race before running out of ^ .. 

l been fuel, still coasting over the line L Vimf flflltt* 

jv (he in fourth place. And the Earl i* AM.vJgPV' 

i sniff of Dumfries, whose last drive 

>rairie for the Lotus team was given a OlVgll 

Jritish send-off by a pit team attired T 

* his >n kilts, repaid their enlhu- v EYh 

rshire siasm by taking sixth place. |jy JF (Jalvi 

’ ra 10 Adelaide details rprivdl - 

Lite a BZtopa. poise hM* 

jnong 1. A Pros! (Fr). McLaren. thrS4min r , „ . rnnmnmiilriif 
’ men S Johansson (Swa). Fvnw, 1 46: 28-591 

rhim England did wiough sts- 

T:W:02<25J2 6. J DumtnwWWJ. (erday tO 5SVC foce without 

rau&Ji 1 IS. givins themselves more than 
i«3o 3i6 i j wmw an outside chance of avoiding 

Not running at tb« MMe 11. P Tanfcy of their Opening fnSt-ClSK 
|Fr). 100/1*5*28224 (12 laps): «. N fixture Bv dOSC Of OfeV 

Sind. « s» & S3! 

widiin lO tpf flt te wnt 

n the Borg (Can). Ottk 1:58.15.953(21 tap®); thCir 171-rtXQ Victory: om 
— It b IGBL Browtaa. Willis’s tide four yCBXI l«Q 

po 2J2T With another potentiaBy as 

BoiitMfl (BN). Arrow, 1 1332-475 (32 
bus); IS, A Senoo (Br). Lohis. *01:54.437 
^lap>): 20. G Borgor (Ain). Boradon. 58 
mffi 04.AU (42 lapoJJI, A doCosara (TO. 

Moans. i:0U.1*227 (42 taps): 22. H 
RokUwrnanw (Non). ZaUpood. *3 mm 
12.152 (S tost 23, A Jonas I**). Lola, 

23 mms llpt): 34. A Naur** (W. 


He knew what he had to do 
and be looked to be very 
comfortable when be was 
taken out of die race.” 

Of the tyre foOrnre, WIDiams 
commented: “It was just one of 
those completely unexpected 
things, and yon have to be 
prepared for something like 
that to happenJP ortnuately, 
Nigel was able to handle the 
situation with considerable 
skill — he was really tramping 
on at the time, dose to 


situation was typical of the 
way be has been performing 
throughout this season." 

Looking ahead to 1987, 
Williams does not seem 
particularly concerned that the 
JPS Lotus team will also be 
nW Honda engines. “We are 
confident we can match them 
and beat them, and if anything 
I think we must look towards 
the McLareo-Porsdie (JAG) 
team for our most serious 
challenge.” 


A Mansell victory would swmy ^to me top reuanu 
have delighted most of the drov e a das hing and cnieient 
British contingent that race before 
swamps the pit lane, and been fuel. sl *J! 
almost as well greeted by the ra fourth place. And the Eari 
host nation. Australians sniff of Dumfries. 
the air as suspicious as prairie for foe Lotus team was gn en a 
^ fbTauy taint of British send ^ff by a pit team attired 
srootiness. Mansell, with his ra kills, 
unashamed Worcestershire siasm by taking sixth place, 
earthiness, had won them to , , , ,, . 4 n 

his side. Adelaide details 

That is not yet quite a s2top».pai98taM* 
universal view. Even among r. ap« 5! 
the other British teams there iSKKrfc 

would have been a few men s Johansson (Swa). F®»rari.j5S:2849i 
going tight-lipped to offer him tJES 

their hand. Since James Hunt, 1:5402 ezs ~ 
an undeniable upper-crust {■*“!• 

“character”, they had wanted 3Sr! * — “ ' ~ 

another British champion. But 
they had also wanted him to 11 , p 

hr a Rim)p« (Fr). u*tTl -5*28 224 (IS tape): «. 

oe a niggles. MMMTreB). vwaiw. iSMans (w 

Mansell had foe, wrong agngflww*/ 
background, not quite the MSmnTiSflSSis izo taps 
right accent, and even the s«g ipm). Omul i:5S.is.953 121 topsk 
wong tailor to fit comfortably ,GBU Br * “' 

that specification. Rather than Amins. 

the dashing leader of a squad- SSflftS.ASwasiBn.ijoha. vovsa.w 
ran of aces, he is more the (Siip»v2o.GB«w(Aut).B*oonoa58 

gS5E^Sg*« A ra 

because of his penchant for ®u«*» ttt. <>»**- a™" 
taking off, and flying more ^Sal championship positions: t, 
swiftly to make more kills pro« tzot. 2. ivyy w.4. 

. „i__ Senna 55. 5, Janwssm 23. t, Hososra 

than anyone else. 22. 7, Gemrd Bergw tr, 1 , umm 4 

. , , . . - c Mxxato 1*. 10 , AmouK 14. n. 8rux>e ft. 

Sifung through foe debris of TZJorws4.u.Dmn(n«s3 l i*9tFwii3. 
the day's hemes, it would be 5 J g" *• 77 - *■ 

impolite not to record the fine instructors 1 championship: fh 
drive of foe Tyrrell driver. | 

Martin Brtmdle. From a grid tJ^wa^BNwtinnlftT.Tynrsiiils, 
position of 16th. he eded 


morrow 


'.'.Ti.-v 


McLsmi 96: 3. Lotus 60; 4. Ferrari 37; 5. 
bawr 29: S. Berwtlan 1% 7. Tyival It; S, 
Lola 6: 9. Brabham 4; Ifli Arrows 1. 


City spirit is cause for hope 


By Peter Ball 

Manchester City...... 

Manchester United- 


The two Manchester dubs 
From Pat Butcher are still in the bottom four in 
Athletics Correspondent the first division. The 1 09th 
Chicago derby, watched by 32,440, foe 

_ , , _ , . t . , lowest attendance in the his- 

Toshihko Seko and In grid lor y 0 f ifr e match, ended like 
Kristiansen repeated their jg c f ^ predecessors, in a 
spring marathon wins in draw which offers little breafo- 
London and Boston res pec- j n o s pa ce to either side, 
tively when they took the .... . r 

Aaa 1- - - i-w. * ANhraiwh Kir I la A H/ 


IN 90 SECONDS, 

100,000 

EL SALVADORIANS 
BECAME HOMELESS. 

IN 8 DAYS, 

56 MILLION BRITONS 
FORGOT ABOUT IT. 


After little more than a week the media 
has stopped reporting the El Salvador earth- 
quake disaster. 

Unfortunately that does not mean its 
gone away. 

The Red Cross desperately needs money 
to help feed and provide shelter for those 
100,000 men, women and children. 

Please send as much as you can, as soon 
as you can: Red Cross El Salvador Appeal, 
PO Box 121, London SW1X 7EJ. Credit card 
donations to: 01-235 3424, anytime. 

THEY DESPERATE1Y NEED YOUR HELP 


$40,000 first prizes in Chicago ' 
on a coo! but humid morning 
yesterday. But British runners 
had a good measure of success 
with Charlie Spedding and 
Priscilla Welch finishing third. 

Spedding was specially 
pleased after his first mara- 
thon failure. during the sum- 
mer when he dropped out of 
the Commonwealth race in 
Edinburgh of 19 miles. And 
his effort to reestablish him- 
self here paid handsome divi- 
dends. For after a steady start 
ignoring the breakaway lead-! 
ers, Spedding ran through to, 
third in two hours 10 minutes 
13 seconds, the fastest by a 
Briton this year, and netted, 
himself $20,000 plus a big 
appearance fee into the 
bargain. 


igo Although by foe dose, 
ing United were the more likely 
ers winners. City probably drew 
ess the greater satisfaction from 
md the result, which lifts them out 
itL of bottom place on goal 
illy difference, ana certainly from 
tra_ the performance. Their hastily 
im- assembled squad, with the 
of sweeper. Redmond, pressed 
in ■ into service as a forward, 
Lnd Gidman and Grealish making 
ire- their debuts and Varadi bis 
ivi- first home appearance, gave 
lart United not a moment’s re- 
ad- spite. Grealish emerged as the 
to dominant player in (he first 
lies hour, while Varadi’s pace gave 
y a the United back four some 
ted worrying moments, 
big The ravages of television 
foe could be seen in the empty 
spaces, a sad sight in a 


Seko, who won in 2.08.27, a Manchester derby which usu- 
personal best, and Ahmed ally attracts a full, committed 
Saleh of Djibouti, who was but good-humoured, crowd, 
second in 2.09.57, were in the Fortunately, however, the 
lead group of eight who broke game throbbed with intensity 
away right from the start. iq keep the crowd who were 


present in full voice through- 
out, even if for the most part it 
was the fierceness of foe 
challenges rather than flowing 
football which produced the 
excitement 

Once they had overcome 
their initial nervousness. City 
hustled United into a series of 
errors to have the better of foe 
first half Grealish brought a 
new bite and drive to then- 
midfield and he was at the 
heart of things as City took 
control of that vital area, 
where Moses was peripheral 
and even Robson was initially 
subdued. 

Grealish left no doubt as to 
bis intentions as City eqjoyed 
their best spell in the middle 
of foe first period. After 
moving up to drive McNab’s 
free kick close enough to have 
United hearts stopping briefly, 
he launched into a fierce 
tackle on Whiteside to begin a 
move which ended with 
Varadfs shot just beating 
Turner's right hand post to 
give City further 
encouragement. 

His next tackle, again 
upending Whiteside, brought 
him a booking, but his enthu- 
siasm had evoked a response 
from his colleagues. McNab 
was harrassiug Robson un- 
mercifully and he was at the 
heart of several moves as City 
took the game to their 
opponents. 

The best move, however. 


came to nothing. Redmond 
cleverly beat McGrath on the 
half way tine to set White free, 
but Turner saved at Varadi's 
feet and with Robson at last 
moving forward dangerously 
as half-time approached. 
United were achieving 
equality. 

When they scored a minute 
after the break, Stapleton 
glancing home Barnes' free 
kick, it seemed likely thatclass 


FOOTBALL 

Dismissal 
mars 
a thriller 

By Hugh Taylor 


Celtle 

.1 

Rangers 

2 


Skol Cup final which 


would begin to tell. City’s 0011,(3 have become a classic 
spirit, however, was un- ended in disgrace at Hampden 
quenchable and they were P'Uk yesterday when Celtic’s 
level four minutes later. Johnstone was dismissed in an 
Turner again came to his off-the-baJl incident with 
team's rescue to save at full Rungere' Munro 
stretch as Redmond shrugged Wfo the score at 1-1 and 
aside Moses, but the resulting nothing between the teams, 
comer led to the goal. Me- Ranges were awarded a pen- 
Carthy heading McNab’s deep aty six minutes front time 
cross irresistibly past Turner, when referee David Syme 
Grealish. whose fitness had decided that Celtic’s Aitken 
been in doubt before the start, haddowned Butcher. 


departed 13 minutes later to a 
standing ovation and 
Whiteside, who had been 
booked moments earlier, took 


The Celts protested bitterly, 
but in vain, and Cooperscored 
from the spot. 

Aitken left a huge hole In 


advantage of his departure to Celtic defence chasing 
impose his influence. One Butcher as a free kick taken by 
header flew over the bar and a Fraser soared over in the 62nd 
shot was parried by Suckling minute. The alert Durant took 
as City drew deep on their full advantage, opening the 
reserves to hold out They scoring with a fine, low shot, 
undoubtedly deserved to. McCIair equalizede with a 

MANCHESTER CITY: P Budding; J memorable shot 

nTE; M £0-1^ P Bom*. P Gr»nL M UkLvX. 

MrfSSh 1 *; Wh v , °- w mcgum o 

KSJ, p , S£LA QrBa “ sh (su& 1 Arddeacon). B MeCtolr. P McSuy. M 

SSSSlERTSmED: C Turner, J nS?Mumo. 

SNOtaek. A Albteton, N WranttM. p 

McGrath. G Hogg. B Roteon. R Moses. F BuSk?^ T McSE?a 

SK*b P s^ np0rt ' P Ba ™ 8 - “gr 1 0 


riadQ, I Durrani, D 


SPORT IN BRIEF 


I enclosed 

Or please debit my. 
Arrt.N n: 


for the Red Cross B Salvador Appeal. 
Credit Card. 



UEFA ban Sorry Surrey 

John Emburey, the England 
TAT A |\a a | and Middlesex vice-captain, 
LUl x'i.l/Uvl will not join Surrey in succes- 

* Tint B I. 1 1 


Perfect six 


TO GET AHEAD, 


Besiktas Istanbul, of Tur- 
key. automatically qualified 
for the European Cup quarter- 
finals after Apoe! Nicosia, of 
Cyprus, refused to piay a 
second round tie on their 
government’s advice, UEFA 
decided in Zurich yesterday. 

Apoel have also been barred 
for two years from European 
competition, fined a sum of 
4,000 Swiss francs and told to 
pay foe match officials costs. 
Cyprus daim to be at war with 
Turkey. 

Becker power 


Greg Louganis, the Axner> 
and Middlesex' vice-captain, can double Olympic cham- 
wiil not join Surrey in succes- pion, scored six perfect tens to 
sion to Pat Pocock, who has trounce Li Kongzheng, of 
retired as the county’s captain. China, and win the Nobel Cup 
Emburey said in Brisbane yes- springboard title in Kariskoga. 
terday: “My contract with Sweden with 715.65 points 
Middlesex has ended. But I'm ri i |» • . 

wailing to see a new one and I OpCCfl 111 X 111 
definitely will not he going to ^ a 

JUIISJ. M-ilinn hoe rlaniJoJ we 


Signatur 


RED CR OSS# 

Please enclose SAE if receipt required. SI 

X ■ . 


THE iSift TIMES 


Boris Becker, foe West Ger- 
man Wimbledon champion, 
over-powered Stefan Edberg 
7-6, S-l to win the Super Seiko 
tennis tournament in Tokyo 
last night after the Swede, who 
beat Ivan Lendl the world No 
1. 7-5. 6-1 tn the semi-finals, 
seemed to be drained after 
losing foe first set tie-break 7- 
5. In foe other semi-final 
Becker was taken to three sets 
; bv Jimmy Connors. 


Record goes 

Joanne Drewiti broke Shar- 
ron Davies's 1 0-year-old 
400m individual medley rec- 
ord at the Hewlett-Packard 
English schools champion- 
ships in Newcastle yesterday 
with 3min 20.94sec — 0.16 
inside Davies's mark. 


The International Ski Fed- 1 
erauon has decided no extra ! 
points wiR be awarded above 1 
the world record of 191m and 
speeds on the take-off slopes 
should no