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Financial Times , 1977, UK, English

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Financial Times , 1977, UK, English - j -. 1 — The world’s most The essence . expensive feminine twist suiting cloth $ F> Stegance SCOTLAND LES PARFUIWS No. 27,424 Thursday December 1 1977 ** iaP TxT'T FrJS; CONrriWBifAt. 5BJJNQ IHICES: AUSTRIA tfaMARK grAJ; FRANCE FrJ.0; CatHANT DMZJ; ITALY L500 : NETHERfcANDS FLU; NORWAY ' Kr.3i5 yORTUGAfr \ % SWEDEN XrJJS; SWITZERLAND FrJ.0; HUE lap CARTER PROMISES TAX CUTS NEXT YEAR heads U.S^ economic for poll index shows victory om Srtan Hunter .BY QUENTIN, PEEL. JOHANNESBURG, Nov. 30. rising trend IAN HARGREAVES AND CHRISTIAN TYLER THE RULING National Party MLR IN WALLSEND was. beading for 'a crashing victory In the South African BY DAVID BELL WASHINGTON, Nov. • THE BANK OF ENGLAND General' Election to-night/ with 30. stepped in prevent majorities gained in the yesterday to its by outfitters at SwanHft ter to persnade workers at otheryards not record its first ersuits to.be announced. minimum lending rate from THE KEY index of leading U.S. it until tbe United States -begat the £50m. Polish lost because of their the Gberal Progressive ..sfag again tw» week after own overtime Bnt economic indicators, which is de- 10 cut its oil imports and oihei Party . recorded the r %. j officers yesterday appealed last Friday's jump from 5 to V Jipearedto be having soipe ccess last night Federal signed to predict future move- countries strarfed to import more] first jain In alley urban seat. ment he Prime Minister to seek per cent Confusion oyer money in the American economy, when their economies began to itewards at Govan Ship- Bnt pipbuilders' demand mainly among steel Early results, suggested an workers ’ are rose a solid 0.7 per cent, •tution to the strike, now rates was reflected in differing which was told yester- for oF in improve. disruptioo-free at stake in the short run. increasing polarisation of the October giving Its a further indica- t imp third week, as views.- among banks on their . sould build one of the , ... of the Polish ships aU^whiter eTeciorate, with the He said latest estimates sug-] “ . .. In the aftermath of the out tion that the economy may once , ' Kers. went ahead with efforts overdraft rates. Page 16,500-A bulk carriers forfeited were - - ' gested that the underlying U.S. -Back of the road . ' middle.- New again be picking up steam. by Hunter issued a state- to' thw deficit was about $2 .4 bn. lain the support of other _ . Swff 3 Republic Party soundly a month! GILTS meat Tyne’s problems by Wri Henry Wilkinson, aK>ear*d To-day's encouraging rise • closed as much as 1$ At the district defeated in.- two important Although there is still coi the fourth in 1 ^ou, the Tyne. a row—coincided upresentativea of the National ‘‘W ." »«? the dl SwVu-.jJgJ-p seats. , siderable concern about th| Govanfts already started work Union of n^ineenng workers. with a firm promise from Presi- jciation of Fire Officers, most ©ntheBM reversed early fhUik tional pay The extreme Right-wing underlying strength of the U.S.3 on tenW0Q4on ships in the con- between dent Carter Ot a Press conference * •, .^ Herstigtc Nasionale Party rise whose members wra acting The Government Securities! ^ 0{ not seem to be lost themselves steel-1 economy, the in the index! tract. and the that next year would see “sub- f sva failed to make anv impression of leading indicators is encour-i •ivisers to troops at blazes. Index closed a& 73.99 to recover 0r Hunter. Mr. Ken workers who belong to the stantial** tax cuts. And he also Airlie, the stewards* on the National Party in the aging news for the Administra- ested a meeting of Govern' 0.25' of the (L58 .lost in .thp. Mr. jAmy Griffii eputy chairman of Boilermakers’ Amalgamation. pledged that some of the more added: “Everyone early results, losing its deposits tion. :t, employers, chief officers, converK. BritisL _ P d controversial of previous two days.- 11 a,SD emer e& that up to the; parts the ?rs and firgmen. involve should get round the radio jint £w JaS’ night tiiat S in te first five seats announced, Administration's tax reform The U.S. Commerce Depart- table in order to giving the ruling party EQUITIES closed at :«r neb* egoiiSng some record ment said to-day that it sug- h. possibility of a produe- • fit out the ships oo£e they are package would be postponed. resolve their problems in the given e Tyneside yard. maiorities. gested industrial production and y scheme- as a way out of the day’s best The FT 30-share built, believed ffie Govern- . , , , _ that interes of . the . shipbuilding u The results showed that ‘deadlock was - raised. Scot- index was up &fl at 4SL0- for a n scfcsed that the Corpora- meat, British Shipbiilders. and employment would improve in ' indust ” b’“ fl generally the tnrnont was low ' months ahead. • " the Yard gave a warning to two-day gain ofl&5 Hon the Poles yesterday their own management were Bitter ThU love may be little more ' in safe Nationalist seats where 'on’s 6,000 striking firemen t0 e final specification In the first three months of than a Lttempt to bring pressure, i* bluffing the only challengers were President Carter said the size prosecution if v volved in . they faced • STERLING dosed 22 points the contract . this year, the index rose an on Bi sh Shipbuilders to en- their shop of the tax cuts could not he de- ’ carried on collecting money higher at $ljgl70 and its tcade- agreed date of next average O.S per cent. It climbed wt * counij negotiations on the pay jj* ®tewards commi Mri Dave [ termined until Congress had com- * Svran Hnnter workers 1.9 cent, in the weighted iiKloLrOse to 6SL5 ihua came; Bill per second quar- differe ials issue behind the i sajd pleted work on the Energy their fighting fund. *E?Back wtnj -e assurances ’ , . about ter and 1 per cent in the third. 53^ The dollar continued to The outfitters ,„ for this Exports curb —still the subject oF bitter argu- overti ban. wor ormally on the Polish trouble gain ground. Us depredation demaiA about £7 a week extra guarantee wheflB e I ment on Capitol Hill—and the These increases are considered ^ eft all the ships would The West German Cabinet narrowed to 2.45 frost -&48 per to b them into line with was. I think they fare holding Social Security Bill, which pro- a clear sign that the economy necesiar* be re-allocated. ^ . , yesterday decided to limit pone box calls boile ra. a cr on ea vides for higher social security is moving in the right direction cent The yen w*s?we»ker. Another yard being considered ? £5 ' T ^;j real Be ae provision of Governmcnt- contributions to strengthen the even if they do not compare with tS'v" from for in Pages The‘-_ were suggestions. a fch#e the £U5m. Polish ^ raycostSp importance of <bej issue until -backed guarantees for exports system. gains of 2.3 to 5.6 per cent, in union Ipeials at other yard* in comr^t^mthsDo^omr^cL* onTe^ j^^e^ve of to South Africa. Page 4 earlier periods when the economy ramme to convert Britain's • GOLD rose $i to 8108$. the jNKh-EaSt likely tO profit aiuc, < cau($ui up m ^~r~ Mr. Carter said the leaders of ^ concern] came was growing much vigor- ^*e Stau&pwne®- *>nth Hm'ncs Congress more telephone coin boxes and . an Hunter’s !ass that labour rouble associated with of shared er ously. N) private pay-phones from might be un- the Swa Hunter confrontation. “P, “ his conviction that a tax cut was • WALL STREET dosed 2M shipvaB workers f Herstigle candidates, whereas - - * ^ of £en still didn’t! . needed and that it should 5p minimum would take higher at 829.70. v- happvMjout taking work from About 250 men at the dock's “be realise at tne d of last week, polls « ere high in marginal the Post Office said. Pro- fellov®ion members, and on Havatoi Hill yard staged a H expedited” early next year. The was bit of urban seats which the ” e a 1 President was clearly trying to Capital for the increase were • CASH TIN dosed at £8,985 the ‘Kod behaviour terms 24 - horn sympathy stoppage,- Nationalists hope to gain from extend some sort of olive branch tn 1975. for a fall of £205 in the put dewiawd by British Ship- thou^i 'work continued as . Seven of tbe 10 sets of statis- .admission, per- the Opposition. tn the business community. But \ normal t ihe South Bank yank build® . early tics that are fed into the index », three days. The price readied a ho regard what In the most significant he did not offer to abandon Ai Bmderland Shipbuilders. Swan uruer management, 1% improved in October. n the Tyne as announcement, the constituency entirely his tax reform pro- t back Hktlv# named to-day a*, the terly d appointed to see t$re be festation of the of Hillbrow in the heart of However, one of tbe two that order tor one or orders ipping away, made #0 — posals. Rather, be said, he wnuH editions of the Daily of an Johannesburg, the Progressive declined was contracts for .issa** caiKiwa e” and as a, delay some of the more contro- plant should l)e back on 4he bulk-carriers, union decision to start severe blow, whfch it undoubtedly i Federal Parly had an expected which and equipment This reflects the threatei d SO^lay redunda^, versial proposals had little ^o-morrow.
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