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m : t -*\ . , . ... >. v . •! : .-. •; . ^ ^ : ^5?&r£: a,*-' '. ET for ihe latest lepons plionc 't RkJunJ Bagge. Dorking (050b 86441) i'Jj-.j - evening .An.-.iphone) l Wckciul juJ s 5 1977 Saturday November ^dukvH'i ) Sckiejmgez SWITZERLANDwit Fr.1.0; EIRE HP Pias-40; SWEDEN Rr.3.25;‘.3.2S; 5 f PORTUGAL Esc 20; SPAIN' l"5gfl, * PM : ITALY Fr 35; »»* **"a »** ” — • • •:- ; ^ ' n| ~~ | I |J workers mammm 1 . .• jy- -. a mediator McLAlN BY PAULINE CLARK AND LYNTON BY STUART ALEXANDER a the statmn. their objectives through workers contract and sue - towards a were in breach of - er way -Iso proposed thal los lieu res indicated that the com- THE FIRST move e, r lon# , a lhw prop Mr. Hancox LEY LAND'S enr ^a and bonuses “ ' BRrnsiI back uu° solution two week- would forfeit pay ™ what union offi™ to pany wj.s "swinging to the nearly normal l h DroDer tmie » district slumped again Iasi iiionlb came until »«ithey resumed proper officer should decisive U.K. sale* leadership. old power workers’ dispute happening now i.-I'J'no, .he nalio „ 3 l union gn.5H per emit «r the mar- About 100 men'"ViL-erlwalked mpp^ just of continued for working. . properopvr cmnmi.uje “In spite last night with a request jt |S in i the 3 tu.n{! the month ln out at Dr ax po *?r ^ shortages of some models, the medial ion leaders of the un- would he e ^ by ?r^lL°^ time.'’time Thw »»>"- history. I o.-n last night, after bearingcarina 'i un ?n the the next iwn shire, :• weekk Vhai prospects fur id.ii •• - , oilieial work-to-rulc: at leisi better ’ : .' «,.ui lor inc action on! , minimally 5»o ine ye-, >Wk^r- '• Another ttas encouraging. «. Cfef r-L iu 7 5,5.'.-. ':V4 ‘ Liv i1 of the warning. u .. mnnihs are "“: sign of a cnik-d rom low of !«» P.;r ,A And there was a a i least 60 be came have the all-time io achiete nir/ii'7*f- wurkers j n to ! ^“Jiw'ruie. e I thinthan looks well set auSomc • pant -/.i 1 com ‘ b'-e^ in the p r> .J 1 . 1137'l ? nlanf riAllu if. Wedgwood- Benn. “Pjjosed 1 after rhe disastrous* - - - M whon some men' Kurd’** “eleVtr icily Mr. Anthon, cent' in Ma> «.f morall market wili'lht I ot jj£ ^-'^Foreeull 3r '• ?°ii 2 t>vJ. ^ impos^t ^ntthnfmousfy liy r.','- security ' lc,-: . PttiL/- .r nat must? 1 followed rej p.7 ,i« .... nower workers’ leaders n C: r; sanctions.- ne Coimeil " with 24.53 conunuing to unpose normally by the Electricity ! 'l dorn! was i-H-nnd w'i ctj* :.: y* equip- : the sVjff wcrc working l‘‘ jrauSitltPoil date y ~ : - r- 47ft i -* -"lal .:: ..r7dveTnmvnt hopes tharfifst M l'- :aT :-Na«6MlBER- •_ Cl,,= :: OCT; . ' io the ScolUi - hehl. ‘h . assemblies wfU be -^imd »;«. moiih on -f:. ma^i loinl.of Princess ti&^nberx , , ;v . *.™KIWI _ Hn.K.SKi Thic inched ^Th manual gearbox. Which it ^„o • wwkin- b n I as tbht Jirihery^^B:;?*' . imported vchw.-^. six J \ j* ! bwa ha i, Pj f or over ’ • at for Hie '-”*1 - sea le- in wiopins shoWt^'ioss^ flf i <^•'‘1 importer s4 car js linlikely to be re- '’.rnreV|B jIpnn.M^. ^ ^ i.- . . » « frnm - (fci'-iana *nd Sjf jmon'h befu rclhe Nc V ea^r. soi-nnd with sumed Litikfe . irt..dta^4 -BtudK- hta'de j looking^ intow ^ • '-shOrt-daterf^sfton-oaiea w ^ :.. former lUcal r /rank- Nurdin,- offered '1 706. ndia 21 - IH, ’drive vi frnnii Belgiumniri -in * mi Si^T,4> ,.r I mm proved man> of which h;jvc ^ prices third with K56R iRII nor sat iMowMitV’ ^ the. sha^t setbaei to buy U.K. ship up 17% lo IDV-U- the bre..hln,: ,p«e WS-^smm"n.’«nl! f..r .he fir., ten 331P mndifif3tions. Bv Rcitnelh Slarston, nioniha show Ford ahead of CORRESPONDENT there were.no plans, BY IAN HARGREAVES. SHIPPING Editor 2?*7.097 Miles to However, Mining I .?viand bv model. for a general retail of the s covered by 1 l0 ;- cars no Inneer • : *. *e- «“«# 45.25 p-r «-enL of Any UNCUT ..' Imports took - m Cl, ;S BRJTAR by ihe £ en r com- guarantee and with fau^y that a marketed J[ r •cale^'in tt-e ten months r British • Covcrn- - " increases' execedlng the on third '• cent guideline falls •riAC K+ODaed - meftt’s ViO ’’per Pound French 7-... arcatesl — . BackTage .Hie tish .Rail „bag cancelled. - expand- . .-•inp thia AaygeP is’constdftring . . _ 0 aMOCQ ever - zland ”and -'-CDa^tnw.! oiJ refinery at day, impressionist i»a??-dlspute pussibiej tnds. because of a- ^sVet) Wales at a Successive a new service, Page 13 ...h' Beamennsver Joskt £100m. action. the 1^ os,op -- ,.- • auuK .wv— — - • ifimu . — r n-yC — : - » — a «*«v; — • to ,l n smait uot ^ ,.o fncreases of. up 30 w^issw«r ii page li>. - werc^much_ “ condilions and .fierce “sssmarkrU on ^ ’aad iea.e .he will volatile than “f0 INLANDi.NT*A^ REVENUE q(i r amj less ^ er5C ^pact on S,“o ~- S-2 favourite to 8 ^ ad Austna fs concessions^ After early nuenw- of e T 0 line how the Tiew Ttimtsdav DOsition s S^w“^S sS&f^nd tS ?s 5nS»^ -’ -STS!?^rSJ2n : -: jKLadbrOfees^aid.r oke5 said- rate 5.®* ^ a new pa«. >| •v JS ^l..Xadb methe a rise esraousn.ogestablishing SS u4v:as ejrtended trading; from a avoidid . resulting Sl ; "extended , avo — U4v : ^Sid. be ^[$^580t°|«i.ra80 intn' thin tovernuiemninenl resulting 1 _the ^lirac. ' :down partner- ' for .most of say, has not had which A-ou^d ^P^ :‘'.-ViUeii Is^ryDOiirlng ,tbc setf-em ployed und dawfl lo a jj0ve gi.ao, |hp ' " ' ’ olosing i » 7 occurred ta. Ik. weak:^t. ' 10 v”briire iidd, i^ia ^ma^-.laK /a inenibeti. Page ^f.ie"da . ^jhip- ’S^ST --t will'- cent iown at S1.SKW-. has been at ihe summer. l : tSM^arid.a .woman 9 This result ' ree . lidd pvr«A\‘GEEXemVAt'r- arise of aho« the to say how far • STOtTh •.This represents stability of l00 early i':.-'- . .Plymtmth the is . I -nexl 'w»ei* from ; O expense of u •' f 1 -surplus of Wn i- (I1.3m-) last since Tueadk. . r :. nfrTsif ''Francis- higher £*/cents on -The authorities appear to the faU in the^ rate on Tuesday rrat? concern about httf/at -one stage sympathy with com- reflects short-lived d ' scene after the tnWnrag the ,P»™ Sfints from foreign, exchange lhe tJ.K. labour nearly Si cents“Jt P ™* underpin, by about the yo te » or “ Tti^reased Qn njUr5day in j D ers stock- . brbrisk| s ic ” effects of sharp day- njgrket view. ve5. damaging ; aBd trade-weighted indesj --- still be ' s“ramer . Tfte:iraae-weisu«« authorities could deduction-- j movements. . The lower 0.1- taw.®r volatility as what to do sharply terday..jFruHjr-. *-*va*rclosed» — ” pcdav'„ They regardregara some ““ faced wi—w ,th deciding_ Mn-te .Ptuiaea .1* early, Tue^yTTll„esda r rPte cc^red with an and do not see why rate rose too sharply or; themes. .J-™>•» ^ ^ £•*» -SJ?^"ciSvelopmen,dSSdpS.- S I Provide auea^w,, . further dechuc. .-. mSJf :. lSnSSMma „ year 12 cotib^^', /yhicb £271,000 / a ^ again^-. jjjjjy apsv'^rssr S. t We£fc. easuresngainsthi^l^S-:. - ” - i first-half . rt Rl E Ufted - aboard OF >rry • tu £UJ2m- Jorced^.t.^slop. one-for- iS hvlackgd and , ^it piuposes a -l«arp. rri-|* lang «f Boards ..olupne*. villi I lie Mier-sltave. w , , enterprise • rii.ac-- elegant Bpl«^4«;W:W 5idlo more riir -u..H>th miH. of ’2S, S Two action as well a, eattnen.t,! 3: r- man nmt. Awl that elianu - ihatV wliai luda\% EDITOR livc M-»-ir..r Wnrll,. I lie ELLIOTT, INDUSTRIAL vhal vou dirf.iver in .liHiim BY -JOHN • iu fia-L? ami >|'ra\s, llial gets it aliiigeiHcr. year full-time Post at .b« yesterday enterprise BUN a th?%jnal cuuipk'nivnlary ik-otiurunl and euaps- qhakbes 13 NE4V repann r 1 vitb hiefemce TOR- 0 NEW present vacaut. always have ERF^ ^ rt.,u almost olherwi5e \ peace «hlesstrnlet _ j . bobbins7>r.l,hinc ... 6* [ .^rds in Ncwc director will likely to rieesinaesyj incJ Tbfi local regional tfac m uney they are r/jhjiieated) created ne^_we^^ Board. a Bd Duffus I pooh.are to be # member of the U dgipp.by recent national am "U* 3 ^ ^ J t(?d j Hepworth Ceramic “ _ - ‘-RISES s S5 - 0 companies. in small and medium ^ several hundred thousand initiative links with, bull not more part of the announce the scheme pPuntlSl but probably fl0t formally -He“C will1 ^ 1 . th/»- r, ^.Au that limit - roUhiralu TTPU. CtTS- "r — that^the- each. AboveAKado ttat limit, ment/s relatively new stra- on-. .Tuesday, it means £im. ^j^ern _ ’ il Pllkington a offices must be referred to for boosting sraali firms, - un^burofUUJ Abe existing inV estments Plfffflen’s ... hi . • >:_ - 27 l. uMinmnort £vnm winnnrn anniltabout theInc XitiSSJA. . 3l5 rffma from concern - — two-offices In Newcastle “sas Brard's to find - comr \-ew York Liverpool .failing -ssed/ife^s gh and.Tonipkins. «; _ o^autonomy^’w^wbich f m aim ... ?; -RU J3 •• money. l financial am. ___—. .— mars customer^ for their - -*'"7 ’ their -. - — - deceive . TilheyilMiW — CjowvOja.®-. =; ah* 7- aHlUSale . 3CT — 6O ptihiffi i(£.. -* 7 k; into poten- wlcctcd chemi*«* Z Pw I'Jtli has to be put hich cIjh* 'torc^. Stores WoTseley-Hughes - _ : -'member \» ich Ftmrt lkhi^p’s S3. _ 7 . - g ' Board will be set up * A-rtaonal j profitable concerns. r branches ..f Budi'. -W.o’odhead (3.T - _ tially and the L»g« - n . 37 andmeet monluiy. l e ForTeach office they, were set up in the ,iKPpttv.aaHwa?! * indus- Since 5 JJ2 10 ClultM. —r" tiR. - 6 - comprise local l ° f * *' *" . f‘ ' \ sss -sr™-*; ft I j ItrtJ lluuici Rmul, Londun irfall^s and union; oSu JS , ss. rasas ® Vorlhrrrftune* LuL, ia8i-p.6»pwm 5.0.77^pwm continued, on Back rage • '. :'. • '. ; v. -'. . '.t -i. ••; « Fbancial Times »-• ***** - •: —— -. -3p~ The week in London and IS <• 4' : . *.-£?« Biggest fall in equities . m’ NEW YORK, 1 J. BY STEWART FLEMING Noe ' • - . - "il . THE FRAGILITY of investor week Kodak was one of the com- over a year '* UOOr confidence has been exposed once pany’s ravaged by the-. Bears DOW JONES INDEX again on Wall Street this week. sinking to a new ten, year low Average After brief flurry In its slare price.- Ranking stocks Industrial ONLOOKER a of optimism ; ux>o}— which seemed to be lifting share particularly the bfg money prices in what many hoped would centre banks like Bankers Trust, Confidence the Stock ranks and two out of the four in 525 prove to be. a broad based—but Chase Manhattan and. Market hit rock we contacted yesterday have appears to have not necessarily long lived rally Morgan were under pressure and: • <-xr A. \v -V-i-a - - ' ‘ ‘ bottom following the disturb- turned into grizzly bears. the Dow Jones- IndIndustrial Aver- falling to new lows, partly under ing had Tues- news that the miners * The bull market is over,” age slumped on Monday. the influence of forecasts of: ah-' rejected Board's day and Wednesday. The retreat, other year of poor loan demand the Coal says David Fuller of Chart productivity deal and for the “ which wiped out last week's 20 in 1978. Analysis. The market has point rally in the Dow, left in- second week in succession the come back too far to be con- vestors wondering whether the Financial Times Index showed Worrying sistent with a normal correc- 500 Index would close below the 800 continuous More- a decline. tion in a bull market—and this support leveL Once again the The performance of the market over, the fall the week of been overall remains worrying on •applies both to gilts and worst fears seem to have 'Jn over 33 points was the largest Healey's Package side-stepped, for although the spite of what appeared to be'an equities.” The FT Ordinary In- low on- . year to rally this index nit _a . two „ attempt morning.^ seen since the sterling crisis dex high of 549.2 on — — — — September Wednesday It has managed cause -of the back in October 1976. The main retreat 1975 1976 1077 14 will prove to have been a to avoid breaching the 1974 Equities were already looking Bank of England floats Sterling arrowly early this week was renewed classic top. he says. As is 800 barrier at the close. uncertainty about, interest ratio very fragile before the news on normal, the bull market and Federal Reserve Board- 475 with, are a high of a furtbeirall Monday that sterling was being policy. Virtually Bv the end of the week accelerated in its final stages Monetary Jo. a J -- New lows soply figures Tacc onnn therhfl monetaryTnnnPturv ^froti^fro nt- allowed to float and after that euphoria man Wall"Street money market; the money ^ as the reached its than some- feared announcement the Index the narrow Dow .analysts concluded on" Monday^ depressing peak. After that excitement, Miner's Ballot rejects Productivity Scheme This week showing too rapid e quickly fell 12.4 points but the Index has been and Tuesday that the Fed -had hut still the bull was exhausted. Industrial Investors were won&r- whoiesste price iota, strength of gilts prices were representative of general Wall tightened its monSirTpoSy growth. — ing whether there had been a up to better restored some One of the bulls. Bob Beck- Street feeling. Dozens of shares again and short terin intonat DOW JONES BVDUSTRfc 1£ — by the Fed. in its basic man. says the market is often have been hitting new lows in- rates were heading for another change AVERAGE confidence in late dealings and I I 1 I I I, 1,1 M II II II U I policy, or just a rather seasonally weak at this time of *50*-* cluding tbe former glamour stock rise. This caused a particular monetary •' the day finished with the short- * adjustment.. Monday 81833 • riumsy temporary year, and he expects it to re- : Eastman Kodak. This year there jolt to confidence because like fall at only 3.S points. of false indications they were interpret- judgment proves, to cover after November. In 1978 have been a number Whichever Tuesday . S0631 rM-- Thereafter : it was oneway dawns for Kodak shareholders ing came in the middle ; -'. 1976-77 1976-77 year will at least match the are better placed; the latter, major revenue areas—industrial,' mines and plants which 1 : FINANCIAL TIMES mining prove vital tha Y’day % Fall High Low Y’day % Fall High Low first-half record value of $1.08bn. for instance, has the cushion of commerce, finance and assets when t: Govt. Secs. 76.75 77J4 77.12 (£588m.). a good contract with General the : important construction turns, for base-metals — as F.T. Ind. Ord. Index 4763 133 549.2 2653 GKN 267 27.4 369 196 . 78.94 79.28 78.93 And, of course, this prosperity Motors. materials side—each-eontributed surely wilL . Allied Breweries 89 — 93 45 Hawker Siddeley 182 14.9 214 83^ Fixed interest is going to he reflected in De indust. Ord. 487.9 513.1 . 514J AP Cement 260 4.4 294 112 ICI 362 183 446 256 Beers’ results for 1977. What Gold Mines 746.7 142.1 166.1 r® PE? troy ounce- BOC Int. 72* 8.8 83i 41* Imperial Group 77 9.4 86 584 happens next year depends [200 Beecham 617 6J 663 269 London Brick 69 53 86 27 Dealings mk. 5,960 5.768 5,912 largely on the course of the economy or the U.S. which is Boots 224 6.7 244 79 Lucas Inds. 295 12.7 338 128 PLATINUM FT ACTUARIES the largest buyer of diamonds. Rustenburg 155 6.6 173 70 Bowater 162 19.0 223 117 Marks & Spencer Perhaps the CSO is making hay Capital Gds. 205.48 220.00 218.13 BP 880 5.6 966 S57 P & O Defd. 116 27.5 175 87 while the sun shines; if doubts Consumer about the U.5. recovery are Brown (John) 218 14.2 260 66 Piessey 102 1U 117 45 (Durable) 198.26 212.24 209.53 right, the CSO might find its Courtaulds 114 14.9 135 73 Spiders 34 12.8 40 20 Cons. (Non- current big flow of funds being Tate Lyle 188 16-1 279 188 Durable) 200.87 211.97 208.77 Distillers 164 1221 193 95* & used to finance stocks of unsold Dunlop 91 26.6 124 49 Tube Invests. .376 HJ 430 223* Ind. Group 206.62 219.64 217.45 diamonds next year, because the flew EMf 206 18.9 2S4 173 Turner & Newall 210 16J 252 109 500>Sharc 230.49 243.99 242JM policy is to never allow prices to fall. 3.3 99 Financial 164.82 174.91 GEC 256 S£ 284 79* UDS 89 . 40 Gp. 174A9 Platinum also follows the Vickers 178 26.4 242 110 All-Share 211.94 224J1 Glaxo 593 11.1 667 280 HUM course of world economies and Grand Met. 93 8.8 108 41 Red. Debs. 62.39 6232 6127 Its market is something of an enigma at the moment The 1 10.00 MBner JBJtS Saturday 12110 a.m. News and Weather for (part 2) World Motor-cycle 11.20 Popeyc. IL30 Thun>]?rblrdl. 5J5 Man. U0 Dmo Man—The Dos Wonder, Spy. Special: 1240 NPn and Women's Colgate Tennis BPP RadiA TjHlrifUl p.m. Cartoon Ttm<\ 5.30 Faces. XL35 IrJaod ol Adventure. 525 p-m- Jotin Carry's .Ice Spectacular. UL45 A report). 22 2J3 ojb. News Summary. ««UlO Scotland. Jump Championship from New JM JoDd'vmJ by Uigbiaod Lojtu? and sbimy Cart ocas. 5-30 Kcw Porva. UB Man Prime Minister on Prime Minister*. 208m and 94.9 V# California; 330 Half-time results. SJO Man from AilanUs. a.m. from Atlantis. 1L45 Late CalL US) Northern Ireland—SM-S.lt p-m. HZ 464m, fcJK mja. Ac Radio 2. 7JB Good riott Round-up; 4.00 Wrestling; 4.50 Reflections. Low Anurlcao Style. RADIO 3 Stereo & VHF Scoreboard. 535-3.40 Northern ^ ^ Service. WESTWARD ^ Results Ireland News. 12.10 ajn. News and 735 ajn. Weather. 830 News. 835 The kmtoni0« 935 a.in. Sesame Street. 1035 Look and Indicates programme in 5.05 News. lS). 930 News. 935 Reconl t Weather for Northern Ireland. GRANADA SOUTHERN See. 1030 Curtain Raiser. 11035 Feature Aubade Jj* white. 9.15 a.m. Being .i Child. SKIltid 0.00 a.in. Lost Wands. 037 Regions! £S). 1035 Stereo Retoase (8). black and 5.13 Woody Woodpecker Show. Film: “Elephant Boy." starring Sabu. Rerew cm Saatrdur Show. 230 - pjn; ‘Bj Soccer with JarP Cbarlinn. ltUB law or Weather Forecast. 930 Ttswas. Including 530 Man from Atlantis. 1230 Fantastic Voyage. 1235 pun. Gua 1138 TchaSCovaky chamber mnalc (SI. Powel with London Counter. 438 Horn . the 1*38 Sesame at 10-15 Fantastic Voyage and at 1235 ' BBC 2 Wild. Street. MJO Roneyhim's Birthdays, 535 Certoonthne. 1232 pjau John Ajnis preseom popular Bitbow witii Olose Up. &N GiUUw BBC 1 630 New Faces. Voyage to ibe Bottom ot the Sea. 545 pan. The Fhnutoncn. 5JS p-m. Popeyc. 1145 530 New Fares. 630 Hao from Atlaaua. on record IS). 1235 As Radio-2. : 3.00 p.m. Saturday Cinema: Cartoontimc. 5.30 New Faces. 636 Man Soul hero N’cws. 11-50 The Prisoner. classics . 9.05 Gymnast. Z2JS a.ip. Talking Point v 630 ajn. Bagpuss. 730 Sale of the Century. - suing Qnartei “Many Rivers to Cross," from Atlantis, 730 The Bac Trade. 1830 DartlistM (Sf-r 23a T i> M nnJMrHnV -^: Multi-coloured Swap Shop. The TJastcrspy. IOjOS Curry Action: LOflQOn BrOaflCaStHlg . . 930 starring Robert Taylor. 8.00 Best Sellers. The John Woman of Ulian : Bochtaanser pjn. Weather. ice Spectacular. 11.45 Hussell Barty. TYNE TEES iz.13 9.45 YORKSHIRE chooses records' (S i. 335 Mtuie of the - 261m 430 Horizon. News. 12j45 a.m. Police Surscoa. 930 aura. Star Riders. 930 The Saturday 12.15 Grandstand: Football Focus 9.00 a.m. The Rolf Harris Show. 930 MastdrB (5>- S38 Jazz Record' ReoacMa ' 630 aunt. Morning Music. 736 ' 1030 Tbe John Curry ice Spec- Morning Film: The Sbr Million Dollar - (1230): Racing from Chelten- 335 Women at War. Six HUDqh Dollar Man. 11 IS Calendar »s>. MS Crtira Foruro. 633 uszt the .weekend hew*, reviews/ features, w*** Man. 1135 Big 5 too Martto. 3S tacular. U Kldt. 1230 Happy Days. 5.15 lun. Car- KaOc by Leslie llcnncrd) 1038 ham (12.50. 135, 2.00 235): 6.00 Open Door. HTV pan. ProgreWve IS). Jeflybone. 138 pjn, sitnrtaV . Patman. 535 Cartoon Time. 530 toon Time. Faces. 530 538 New Man 735 Hnstc.for.tbe Royal FirewnrKs by 630. After 6 630 Dcdgkm. Makers..^* . 230) The 1LOO A Prime Minister on Prime 9.05 a.at. Fantastic Vorase. Ttswas. New J'acvs. 630 Man {ram Atlantis. , Gymnastics (1J0. 630 and Sound in Con- 930 from Atlantis. 12JJ0 Celebrity Concert. tstffi Sight Handel record (S). 830 rR*hangalc . Cect ' Mala: tnasic. .S 1 45 Side Medical. 12.45 turn. JV lntomuHtm; From Oviedo. Ministers: Sir Harold 1035 Baiman. 10 5 Ttswas i condoned). L West " " World Cup cert: Lone Star and The 1230 Night Gallery. and Serpent 833 Boris Codnnor Dy viowi la HlnduSflBL - 838 SaBtfltfT Wilson in conversation with 135 Tbe Lone Rsnr.cr. 1135 Tlswas Epilogue. (L40. 2.15. (S>. . Bolshoi s*b Spain; Rallycross mussotsMct Opera prodno- mmlc. . 930 David Ba Pat Travers Band (simul- contiaoedt. 535 Cartnontime. 530 New NighUme with • David Frost. non (rtHulUneour with BBC-2 TV) to- . » ; 2.50) The Castrol Inter- taneous with Radio 1 Faces. JUS Glbb-niJh-. I 4 S Pro-celebrity Snooker. ULSTER RADIO I lDlerr* “fc* national; Rugby League (3.30 stereo). Htv Cymru/Wales—Ar irTV General Capital Radio •; competition 1230 ajn. So It Goes. Service except: 530 pjp. The PracUce. 10. BO a.m. Scan ibo Lepradiaun. 1035 (SI Stereophonic broadcast John Player sport. Baldmoncy. Sncczcwon. and 730 News and LHMkJO Tresampaa. Dodder 630 a.m As Radio 2 . 836 Ed Stewart second round: Widnes v. LOO Close — Joe Melia reads a tTloudbcrry. 1030 Sesame Street. 1138 with Junior Choice (SI (also on • MR. Kerry Jubys BreaWMt agf ; VHP). . 7.45 Beauty is in the Eye. by Horder. p *n|n 4*4 -- Castle ford; The Sporting Year poem John Beacbcomhors. 1230 Clapperboard. 530 1830 Kid Jensen. 1230 Paul Gambacdnl KADAV tk>. .-92» save CushS CouMdowB-^--. SCOTTISH Resntlfi. ' 1971 (435); 4.40 Final Score 735 Firework Fiesta. All IBA regions as London p.m. Sports 535 News. 535 with pop and soul records. 131 p.m. 4$4m.3SOm.2S5inaiifl VHP **5° KftBJW Evaw tS), 230 pjn . 9.00 a-m. PWlful Soccer Jade Cartoon Time. 530 Fncos. 1- John*W - including football, Lively wU9 New 638 Rock On :-V.! • i- .'rt: .yt’-yrr. -‘F-'i-zs . *• - -” j'-' '••• r ‘T’- • V ' - t : : ——l — “ c v j • i^^jularly ‘ '• last the track t; geBer^r'^atifliverrthe On v ' : -y' • '.I - % •: .’.gight jibu : " tbs SO YOU HAVE money sitting What's more. iF the combination ;V- BY ADRfENNE GLEESON on deposit with a building of industrial militancy and a + M'M 'M- rnJM':•- ’-."t” - ’htrr rtf "steflto^fftusi&^eratingC'tort^lrrtr-friTWli-flll&ratinP 'MwVMw^wWB-^ ^t;-'&er of society, have you? And you pre-election Government really .Qttn- Oirt^-^ixbav^^liS^lhe MR_ JOHN McLACHXAN has a bilities very seriously. have been watching equity and threatens attempts to bring ' .' ;'• c ’ ; i the . .y • aef 3gfatPds.^,thrggg^'y3B 11 come under esdiaage this only - ,industry says that VT.,. .mmmt itrof regulations.- ,. <*arges rtiir? . . .7. C . reflects higher -bankthg — _ r-i “‘"As offshore fund*^ ’>cqjerate- overseas^ and other - administra- im ' tax havens - lika / the tive costs. For example,CCyndall * ,V _ ijr.annel lsl^ds 'anti^fiKdliMa,' ;.. r J : ‘!. thtb \tfieni' is r. ^'r-’omB coiplii£: ” ' : • Br- arfrwl * ' cl ; rtP< -^xed TnterestPund. pays only V' If r I|.?X *' : -‘-r:;; Income Into lts fid- a. -year on ill I : :• ::*illwtetoeot • - . : dfiaiges ".an / Overseas . .Fund r But wjut^^-taz.'eqpqessioss' initial :five per- i®nL manage- r rv’t-i. for. growth^. a stron^'market nient fee and ati ihxuial charge :J more.! And. 'dyenient;wiU do af. one per cefit^; fncladed in ; - shouId’^iKn^oae : want to unit' price. There are also ^ ^ *>-jj _- iwheu the-. U-K. I -/ : ryest ajbroad floating- charges, such 'as those •- • " , ock market has outperformed operated by GT-*- Management, ' t.;P ost pf the ‘major markets over which vary according to the - •: •' ^sterphg is in - • past' year and" site of the fuait ^ : V " . TODg 'd^ahd by tither .pver- Whilein most countries over- Tifo exainplcs immediate action - bp'capital gains tax for ?v ....sas Investors? / seas thereis 7 ,r ‘maB^gero^'-ri^’^ividetid-'incbine will be Have you £ 1 ,000'or more a nvthins over 5 - grov ih in unit v.fl ues, r .srr . ^ Tfie -oftibtttB-ltaiiaf '-.' : • -- : rates flie invest ? . then her capita! ak» j-ews in value. • .performance, taxed -at local — to "limit that ' their i^estor., return -to Liiernlh hnndit>d ..imple. 1 lie £2,400 million Legal General Group. 7 }ii^hi>i r.iu • «f inev-me i.v: 1- V-p in r’nc £. F« -r *. under Tim . a man. - .11110 1 Iw rian. He gets ttirmng - 1 .’.tXX'p.j t» «d.iv could i He L^00p.a ' j ^ It is thus backed by all the expertise g t"i ill i.r: reliei v> r!-..e lib nei ce»st is only river a i.ix-friv lump sum of L I >\CV0 j | ol '.f'.CO0 . \* hen retires I liaison l -K\m; a 1 1J income p.a he ^gEDITWs new and experience ot the counts ,7 ‘ beuwn f Hi< nn *nov l> trnvsreii rax-tree. arn^.Oi 0 'tirs^'.hi-~ eaniiiv*. m.iy« II grow I '' •gniTHV.r^bent of the Finance. Act, 1977. such largestlife insurance company. ./ / ^ST WEEK second A'M.mniii!' iC‘ o crowd-, in unit prices, before rent ..-nient. ii 1 which case rh-x 9 ' sale of Toll-over reisef ;.bn : the - -floaey on Burt aud sera-prece- it grows to around L«V CV0 by the tune he bench t* c.11 > Lv increa-se*l prop- >rth n.iieh-. 3 in unlisted companies - It has new investment plans I /• .'4 “1 'ent. Not, however,' a precedent holdings .... where there was a ’ ^ or feminlntty.'EDiTH^ “Estates V(as available' which are designed so that they can jv^^'VV the com- change of coafrol—aat is. . -^luty lnvestraent Trust, v morb. than 50. per cent. cut your personal tax bill and /or they • Are you interested? any established by ICFG and v^re —te were sold. And v _-^ 1 of part for shares, • - P. Burt-wh'Q disposed is only to a sale efficiency that produce direct returns \ £ Unit Assurance could be useful for you. (It . ' have \ _ if roi^rer relief applies). ; foryou. - - But, before you invest substantial sums,we would to A . s l . Ba&ility And ^3^3ostpbned their* v • i .. V • ^ : Finance and the family the new Act It will not b. the AT ONE HUE, if you sent your (men for any poheyholdgj.^ death is to convey (or transfer will be divided according to is prejudiced by bed. linen to Ike w&atfce thijfc If the property is registered) value of your respective con- clothes and main- to be the application Avoidance CTT into joint names before death, tributions to each child’s laundry, and they were re- of policy condition exclusion so that the legal estate, as well tenance and education (exclud- turned damaged, or not returned warranty to ask the as Ibe beneficial interest, is sub- ing maintenance payments laudry was able to courts i BY OUR LEGAL STAFF at all, the PHILIP declare its application ject to a joint tenancy. It is under court orders), broadly BY JOHN u&hSr^ shelter behind its conditions of unreasonable under the tion (as amended by safer to the matter dealt speaking. Your wife will be ** term So as to avoid capital transfer the second have liability, and I. in 011 parent’s contract to limit its who feels that the So If you of the new Act. tax, in accordance with jour protocol last March), so that her with by a solicitor. eligible for the single consumer usually to no more than ten repairer or whoever,, has biiktness capacities, dividends will be assessable additional personal allowance, trader, Between policyholders, in suggestion in Finance and U-S. Vy new law, and many ot & remittance but you will not, as far as we times the cost of its service bad failed to do what. he -set dut tb';’ personal insurance, cousqw the Family, my wiEe and I on the basis. the further tUfihg can tell from bare facts do, .'and is unfairly sheltering &2El £ insurers have made annual transfers If you were married after Responsibility its job been done property. of the sector, and. the for exclusion claaseSm scales in favour given. The broad effect will behind an . of the on. conditions; of part of the value of our 1973, then It is likely that your if you left your cost to ing law extiosi^ At one time, is going to . therefore probably .be that you the contract, wffl soon be abh* consumer warranties stands house to a son under trust wife has retained her original car. in the bands of your local direC and unaffet an estate taxed as single man, to ask the Courts to decide rhoney, either for in her home State, will be a ^L®TTJ ted, except in so far as it sale. However, our domicile and garage for the engine to be the insurance premiums^ died, leaving for the current year, with no whether that clause, as *pplic^ way of modified by tile solicitor fears that the so the Strathalmond case is only In 1961 my unde tuned, and one of the mechanics been two stuti his cousin and tax relief in respect of your able to the facts of -his pertfetK.we pay. insurance Inland Revenue may insist of academic interest since her two executors, drove- it into the wall while test- ments of practie maintenance jar ease, is fair and reasonable.; Insurers who pro- that, having continued to U.S. dividends are assessable on his widow, both now dead, contributions to the proprietor Of course. published earlier this year. 7 ingnext morning, the cover have been b basis the last to die being the widow, of your wife (unless the monthly vide liability first, from the British Insoranc occupy the property, we have the remittance anyway would point to a disclaimer This is fine for the consumer, year. I can get no “allowance” which you give her the progress of the and retained a beneficial interest (and there have been no remit- early last notice on the wall or on bis all consumers. watching Association from Lfoyff otherwise and we are Bat Parliament ana therein and therefore the In this situation, how- satisfaction from her solicitors. js under deed, or Is mil through was in respect of short tances). signed instruction slip declaring it is not so good .for all the.; begun to ten completed. should The value of the estate must legally binding, and is therefore many have already general business, which gift has not been ever, you be submitting “all cars handled at customer's commercial enterprises whose fa depredating consequent on made under deduction of tax add something to the premiums motor, accident Since you wrote on the matter your annual tax returns on the be risk.” contractual terms are now in eludes a* - basic rate) asking for the renewal have you encountered this or special forms which are de- inflation. Could yon tell me at the ftey are household contracts, and UK But the process of judicial jeopardy, whose legal liabilities to cover th who is legally responsible? are ordered a U.K. liability insurances, the life other complications in the signed for use where either hus- If you by ex- of second, from offici reform through litigation is at are now to be widened to an of the new What can I do? Can any court to make -maintenance pay the likely extra cost with long term— scheme? band or wife is domiciled out- inevitably tent which must remain uncer- dealt life aa be claimed for noil best haphazard, and this stage insurers have We da not know of any "com- side the U.K. (or they both are). compensation ments to your wife.' you win many months Act At permanent health insorane slow. A few years ago the whole tain, for and, do the near im- plications,” or indeed of the loss in valne? have to deduct tax if the pay- once again to contracts- ac- If you were married before exemption clauses perhaps even for some -years' The value of the estate need not not exceed £91 problem of possible to guess at future ceptance by the Revenue of the 1949 and your wife has not re- ments do while the chance of litigation — These statements were too severely if was referred to the Engfisb and quantify it in agree to which be depredated month, but you will be entitled extra outgo and validity of the scheme nounced the British citizenship judgment shows how ; the by the - Commissions. and and approved Depar the assets are properly invested. tax relief in your PAYE Scottish. Law of current rates per cent. you refer—but we would not which she (presumably) ac- to courts will decide what is fair’ terms of Trade, though responsible for en- After doe deliberation, they re- ment the necessarily learn of such mat- her The persons coding (or by repayment later > course it is you automatically on . quired ported that positive reform of and reasonable. \- Ultimately of have no stautoiy force, n suring distribution are the ex- addition, or alter- con- ters. We think that there is not marriage to you—or if, for any If in and I in our capacity as dividual policyholders who ecutors of your uncle's estate; the law was desirable, and If you and I, as aggrieved fa a risk as to a benefit reserved natively. you are ordered by- The extra ’ other reason, she possesses dual year sumers who will pay- that they are being unfair: in this case the executor of his round about Christmas last consumers, are to get recoup of the kind which vexed prac- nationality still court to make maintenance pay- liabilities stemming U.S./U.K. and a Bill was. introduced into cost of the treated by their insurers in widow is the sole executor, by your you will pense where we bad none ^ titioners in the days of Estate retains your English domicile ments to children, from the new Aet, whether this ticuiar cases can dearly representation, of your uncle's Parliament, which as the Unfair before, or to get more com- fa Duty; and suggest that you refer then at present her U.S. divi- not have to deduct tax if the self-funding or of in- Act, received be of beyond them, if need be to ft estate and is responsible. You Contract Terms pensation than we would have your solicitor to the passage in dends are assessable to U.K. tax payments do not exceed £52 e premiums, will he Royal Assent a few days ago. past, surance respective trade association can bring proceedings in court month; here again you will be done in the our suppliers* of us in the Dymonds Capital Transfer Tax whether remitted here or not passed on to all not for resolution of the a for the administration of the entitled to tax relief for the The Act will come into opera- traders, repairers and bo on, at page 65. So long as the donor However, article (4) of the new prices we pay. putes by due legal process. estate. Unless there is a loss but the child tax tion next February and applies and where there is insurance; In has no enforceable right to re- U.S./U.K. double taxation con- payments, confirmation or denial wrong or improvident consumer contracts those the insurers standing behind, Because of the very special for th, main in the property the gifts remove caused by allowances will be cut. to — vention may ultimately insurance contracts, individual insurers are acta investment you are unlikely to complex, and made* by the individual in his them, will have In find the extra nature of should be effective. her liability retrospectively The rules are ex- fairly and reasonably with able to claim for any loss. personal private capacity for cash to fund the cost of the neW these have been expressly 1976-77. (by virtue of be this is no more than a bare out- from law. the provisions of the terms of the two statement likely the obtaining of services. The cluded from article 28(2 1 (a) (il). as amen- line of some of the points American wife’s ded) by effectively substituting Separation and to affect you. the remittance basis for the dividends present arising basis. the revenue Sale ofpart In considering the question of A code can he an enigma My wife, who is an American your wife's domicile, you should My wife and I decided to THE is to instruct the receive separate advice ot tl citizen residing in this bear in mind the difference be- separate and I moved out of ofgarden CHANCELLOR indicated £1,455. The extra £107 of aHow- the taxpayer, his the reduced change. country, owns U.S. stock. The tween English law and US. law: the matrimonial home, in recent Budget Statement ances gives a reduction in the employer to apply My neighbour obtained other hand, that taxpayers would tax - ^ month one " basis, If, on the t dividend from this stock is it may be that your wife is domi- leaving her there with our two planning Approval before April, most November withheld of £37, code on a receive for non-cumula- underdeduction, exceeds f not remitted to this country. ciled in her home State under children. I am maintaining of a tax repayment in good assuming that 34 per cent is the which is jargon, 1965 (now lapsed) on part ' increase domi- time for Christmas. He was marginal tax rate. ' vtive application. Each month's .value of the in alio Is she liable to pay income the law of that State but is the mortgage payments bis garden, whose total area referring taxed ** ifc were ances, the taxpayer's code w tax in the U.K.? ciled in England and Wales and making my wife a monthly is to the effect under Pa? is ® is less than 1 acre. He ^ chancellor failed to men- Hi® operated year, the continue to be th. is under English law. PAYE of the increase in the first north's in the The answer probably no. but allowance. Should I tell willing to sell this to me to tioil ^ pou,t brought out Sv personal allowances, increases appropriate proportion of the cumulatively, for the remaind we could have given you a the Revenue that we are build on, bat we cannot agree jjr p Richards in a 'letter being gi® of this fiscal year. The PA) clearer and more helpful answer unofficially separated? price, as he cannot discover which are effective from the published in the ^lowan^ a tax accounted for will therein beginning of the fiscal year. on that tas,s if you had given us more pre- deeds, Should I ask that we be taxed to wbat taxes he may be Times on October 29. that dis- Scottish ^hat has,.orjbould have, been be insufficient, and the balan cise facts to go on. separately? What, please, liable. Could yon tell me ? The “coding” of tar allow- txibution of his Christmas ven m previous of tax payable will be collect if you were married during is my position generally? From what you say, the vendor ances is much, less straight- presents is to be on a selective. f? English land by adjustment of 1978- the period From 1049 to 1973, You should write to your tax have nothing to fear is year, uhiver- are being seems to forward than sometimes basis this and not Taxpayers who codings. then it is likely that your wife inspector to let him know the I own a house in England from either CGT or DLT. thought, and the mechanics sal. How and why the . select non-cumul atively cannot . taxed These 1978-79 coding notic is domiciled in England and and jointly with my wife a* date on which you moved out behind the Christmas present tivity occurs has since been be given the cumulative benefit As he will doubtless be en- will be issued by tax office Wales (if you are) but does not house in Scotland. I should of the matrimonial home, be- bear explanation. A married outlined by the Inland Revenue,.; of the recent increases in allow-, gaging a solicitor for the con- between December and the ei possess British citzenship, that like to arrange matters so that cause the tax laws automatically man’s code number normally ances. They should approach veyance of the land, you could Taxpayers with mortgages of the fiscal year. The presen is citizenship of the U.K. and the English house becomes treat a separated wife as a letter the Christmas season anticipat- suggest that he ask the solici- ends with the H, and a will, in most cases, hav^ or absence therein of a 1977: colonies (as you presumably our joint property and also femme sole, where husbaad and single L. ing no more than did Bob tor whether he or she can see man’s with These code benefited from reductions _ id -mortgage interest adjustme have). That being so, her divi- that without any further legal wife “are in fact separated in numbers will not themselves Cratchit. any tax problems. Sometimes a be the rate of Interest, announced will be the only indication mo dends from U.S. corporations formalities it would circumstances that the separa- individually revised this month, building societies In seemingly insignificant factor by the Revenue offices will be review- taxpayers win be given by fi are temporarily exempt from automatically pass to the other tion is likely to be permanent.” important in the taxation and taxpayers will not receive April and Jane. (A further lag as soon as possible the marks can be Revenue how their position f< U.K. tax under article XV of on the death of one of us. The words in quotation revised coding notices: all that field, so he should give his soil reduction was announced ;in position of taxpayers dealt with this year has been computed. the old U.S./UJK. double taxa- Could I attain this end by are taken from section 42 (1) citor as much background in will happen is that employers September, but we must deal jjon-cumulatively, but they make Finally, and just to confu (a) Income Corpora- , tion convention, as confirmed in making a declaration based on of the and will be instructed to increase the formation as he can. first with the earlier adjust- rq secret of the fact that this still further. I mentioned et what has become widely known the deeds of the Scottish house? tion Taxes Act 1970. codes by 16 and the L codes reduced mortgage H ment) The can only be a long drawn out lier did not deal with ti to use the tax allowances in respect but as the Strathalmond case. When It would be unsafe The for first after No legal responsibility -can be by 10 the pay day interest causes a reduction in exercise. If,' for a particular mortgage interest reductio; the old convention is superseded terms of a Scottish deed to regu- of your -children can be shared accepted by the Financial Tirrcs November 22. the PAYE coding, and the effect’taxpayer. the tax underdeducted yourself announced last month. Godin by the new one, your wife may late the position as to English between your wife and for the answers given w fliese The effect of this so far as of this would normally have). on account of the mortgage will hot be adjusted in 1977-7 well qualify for a deemed domi- land. The two legal systems are in whatever proportions you All Inquiries Will be columns. the married, monthly paid em- been a clawback from the neyt jnterest change is less than the . cumulatively or otherwise. T6 cile in her home State, under very different. The only way agree, from year to year. If answered by post as toon as ployee is concerned is that his pay packet of the cumulative tax repayable on the recent agree, the allowances extra tax, because the intere article 4(4) of the new convcn to avoid legal formalities on you cannot possible. for eight cumulative pay the overallowance to that time for increase in allowances, the originally coded has yet aga months to end November will be interest Otherwise* expressed, employer will simply be told to been reduced, will seemingly l instead £S63, -this is, course, considerable exist- reduced by £970 of of a start operating the already collected in all cases by a ft these being respectively eight- increase in the level of tax de- code on a cumula- ing number titer adjustment of 197S-* twelfths of the pre-budget ducted on that pay day. tive basis. This should take codings. married of and Revenue practice, in order to from February.1978 the CC—These theatres accept certain credit cards by telephone or at the box office allowance £1.295 place at of the post budget figure of avoid a result so unwelcome to latest The. employee will not DAVID WA1NMA: OPERA £ BALLET THEATRE5 I THEATRES THEATRES COLISEUM Credit cards 01-Z40 52 SB. ELLE et LUI. CC. 01-437,. 2661. NATIONAL THEATRE 926 2252. 5T. MARTIN'S. CC. 836 1443. E'B*. 3.00. Reservations 01 -CSS 3161. Walker's Court. Brewer Street. W.l. OLIVIER 'open stage): Today 2.30 and Mac. Tubs. 2AS Saturdays 5 and 8. ENGLISH NATIONAL OPERA Twice Nlgtuir. B. 15 and ID. IS 7.30 THE MADRAS HOUSE bv Harlcv AGATHA CHRISTIE'S Tonight. Tuc and Frl at T.30 Eurvanthe. PAUL RAYMOND presents Granville Barker. Wed. 7.30 The THE MOUSETRAP “This important revival o' a rare and PENETRATION Country Wile. WORLD'S LONGEST-EV6R RUN valuable work.” The Tlme&. Wee. 7. SO An erotic adventure to French porno- LYTTELTON 'Proscenium stasci Today : 25th YEAR men and women 2.54 7.45 Mon 7.45 THE LADY The Tales el Neumann Thurs 7.30 graphv. •Good-looking and TALK Of THE TOWN. CC. 734 5061. Lines communication Madam ButlerlW 10*5 Balcony scars perform various penrnitalian* ot the FROM MAXIM'S by Fevdeau trans by of may 8.1 S OlmiiB-Oancmg. 9.30 Suoer Review always available day of pert. Now bootc- sexual act." Esenina Nws. Tom John Mortimer. RAZZLE-DAZZLE wj tor Oct ports. drink and smoke In the auditorium. COTTESLOE : small Juitoruml. Mon and a; 1 1 pm. THE Fontana Dictionary is a book which “con- OWN ELECTRICAL GENERATOR and Toe d LAVENDER BLUE bv John KAMAHL of published ANISMS from inside an COVENT GARDEN- C.C. 240 1066. Mackcndrtck. From Mon : BOG j R H ITTAKER. Modem Thoupht edited by Alan tains some 4,000 key terms, in 1 Gareench.v'ge 856 69031 FORTUNE. 836 2238. Mon. to Frl. 8.00. Many excellent cheap seals all 3 theatre* W outside j simultaneously. 5.00 and 8-00. Mac. Thurs. 3.00. 928 THE ROYAL BALLET Sac. day ol Pert Car pare. Restaurant TH. UPSTAIRS. 720 2SS4 Evg*. e. Bullock and Oliver StaUybrass alphabetical order, from across later cw Tcnipht and Wed T.JOpm. Voluntaries AGATHA CHRC5JTE £ 2033. Credit card bkgs 928 3052. CV Grant m RETURN TO MY NATIVE Freud’s writings the Tne invitation The Concert. Tues . 30pm. MURDER AT THE VICARAGB L by A, me Ceiirr. is available as a paperback from the whole range of modem Year’ LONDON. 40S 0072. Open* Thar. AND rtcept of trauma assumes muc Enigma Variations. Svmononic Va-iations. Third Great NEW ! Sub*. 8.30. Sat. Mai. S.30. i 9980. Les Noccs. Tnurs The Sleeping OWN GENERATOR. a: 7.20. VAUDEVILLE. 326 Fontana at £2.95 or as a hard- thought sets, them withdn their less importance.- MJ.C.- Only E2 L2.S0. Nalicnal l Beauty. 17 Per::- at j Mats. Tu-*;. 2 e-S Sat. 5. a. OPERA GARRICK THEATRE. 01-336 4601. Tneatne Sell-out Kafka BerLoff Oinah Sheridan. Duke Gray. back from Collins at £7.95. context, and offers explanatory ROYAL I certainly do no? wish i Mon and Fn 8pm. Salome. 65 Ampfll Evas 3. wed. Mat. 3. Sat. 5 15 and 8.30. METAMORPHOSIS E.eanor Summcr'ic'e Jaires Groat JILL MARTIN. 'Very rare >n modern theatre" 5. Timev IS Either way it is a volume of accounts (ranging from ten seats Icr all ports, on sale from 10am. MAGGIE FITZGW80N. A MURDER ANNOUNCED quarrel with that from UL on day sf pert. DAVID FRITH and ROBIN RAY in the 7616. The NEWEST Production some ______OLD VIC. 928 by AGATHA CHRISTIE 6S4 pages that I do not words to a thousand) written by "BRILLIANT MUSICAL Prosoett at the Old Vic. Crowe; Senior Lecturer, lust Rosebery People. " Re-enter Agatha with anther who- ^ADLER'S WELLS THEATRE ENTERTAINMENT." Autumn Sermon Nov 14- Dec. 17 In rco. intend to let go out of my sight. experts ...” The experts are . . . Agatha Chnstu- is Stalking A»e. 837 1672 i own generator;. SIDE BY SIDE BY SONDHEIM ANTONY ANO CLEOPATRA dunit h.t tute of Psychiatry, University! HANDEL OPERA "GO TWICE." S. M Drley. Punch. the West End yet again with another The book aims to pilot its pos- identified by initials at the end HAMLET inqenicus murder Dictiw Tonight Wed and Frl at 7.30 AOS AND "GO THREE TIMES." E. Barnes. NYT. MUSIC of her ftenchihly London. As you see the Prolcbue to Los WAR mysteries." FeVc. Bart er. Evu News. sessors through the jungle of of each article; there are nearly GALATEA preceded try ALL FOR LOVE ary leads one on in the manm 8.15. Own emergency generator, . Fetes D’Hehc bv Rameau. Tue. Thurs GLOBE. C.C 01-437 1592. Evenings Book now. Nov 12 EZIO. Mat Wed. 3.00. Sat. 6 00 and 8 40. modern jargon. It began 150 different contributors in- and EDDINGTON. AMANDA BARRIE 01-287 6969 WAREHOUSE, Donmar Theatre. 336 MM. of a treasurehunt by printing i PAUL OPEN SPACE „ ROYAL 5HAKESPEA.tr COMPANY apparently when the Master of cluding Sir Peter Medawar, IP the SECOND YEAR ol Ton't & Tomor- 3.0. SAM SHEPHARD'S Ton'l 8.0. James RoDjOn -. capital letters all the terms DONKEY'S YEARS SUICIDE IN B FLAT. " Evcellent Comedy FACTORY St. BIRDS (unsuitable tor children]. All Scats Catherine’s College, Oxford, Quentin Bell, and Benny Green. by MICHAEL FRAYN Players." Tunes. Sues Tomorrow. defines in any way related to tt THEATRES THE BEST COMEDY OF T^f YEAR £1.50. Adv. begs Aldwych. took the Times Liferary SuppLe- Readers of this paper will be PALACE. . 0--4J7 6$J4. 7611. OWN ELECTRICAL GENERATOR WESTMINSTER. 834 0253 Evgs. 8. SaL one you are looking up. Pleasai I THEATRE. JESUS CHRIST SUPERSTAR ADELPH 5.30 and e.15. Mar. Wed. 3. menl away to read on holiday. interested to find Samuel Evgs. 7.30. Mats. Thurs. j.O Sals. 4.0. Mon -Thun. 8-0. Fri.. SaL 6.00. 8.40 hours may be spent followit NIGHT OUT GREENWICH THEATRE 858 77SS. BARBARA MULLEN He came across the her- •'LONDON'S BEST Evgs. 7.30. Mat. Sat. 2.30. MAX WALL 01-836 8611. HERON. word Brittan. John Chown and Martin CAPTIVATING TUNES PHOENIX. _ JOYCE JULIAN HOLLOWAY these instantly educatis SPECTACULAR. tr Harold Pinter. .it and up and AND RACY COMEDY" People, in THE CARETAKER Preview tonight a: 8.0. Sal. 5 ARSENIC AND OLD LACK meneutics (the interpretation of Scymour-Smith among them. IRENE "... excellent acting at Greenwich 8.30. Opens Nov. 7 at 7.0. Subs. Evgs. Classic comedy thriller *cr all the family. oneself. From anti-theatre, apt Ma» Wall. ' Times. tu-.n’e-st revival. THE MUSICAL MUSICAL particularly from S Moa-Fn.. Sat*. 5.00 and 3 SO. Mats London's the Gospel: its meaning was The problem of explaining Wed. 3.00 Must end Nov. 12 awn generator!. frrisin and Arab nationalism t “SLICK. SUMPTUOUS— IRENE HAS later broadened to include the EVERYTHING." Da.lv Express. HAYMARKET. 01-930 9832. KEITH PENELOPE dearly on the head of a pin, as 2.30. Sat. 4.30 & 15. KEITH WHITEHALL. 01-910 G69B/776S vulcdnology Wanfcel engwf IRENE Evgs. 7.45. Wed. 8 MICHEL ELECTRICAL interpretation of all , CREDIT CLAIRE DANIEL NIGEL STOCK OWN GENERATOR human it were, some of the most diffi- INSTANT CONFIRMED CARO Mon. to Thur. 8.0. Fri. and Sat. 5.30 xerography, youth culture an BOOKINGS ON 01-836 7611 BLOOM MASSEY JUNE JAGO PAUL HARDWICK actions and institutions). cult ambiguous words MICHAEL ALDRIDGE in Cfticnester Festival Tfcratne'a and 8 30. and in NO POWER CUTS —OWN GENERATOR hr tne PRUNELLA NORMAN zygote the Dictionary is pnomf ! ROSEMEDHOLM production ol Lord Bullock, uncertain wbat the contemporary vocabulary ALBERT. CC. 836 3876. Evening* 3.0. DIRECTED BY CLIFFORD WILLIAMS. THE APPLE CART SCALES RGSSINGTON with an answer. Its only drav Mats. Thurs. 3.00. Sals S.30 and 8.30. " DISTINGUISHED REVIVAL OF IBSEN S sv Bernard Shaw • it meant, jotted it down. He then has clearly proved a stimulating 'DEBORAH KERR GREAT PLAY. A MURDER PLAY MORE Directed oy Patrick garland EREEZEBLOCK PARK Urd Bullock back is that occasionally 3 EXCITING THAN ANY BY AGATHA Australian “ A sharp bright comedy " GwdVn. repeated this with other words challenge to these great minds. DENIS QUILLEY | Must finish Jan. 23 Prior n D. " EPITOMISES THE WEST swa “ TWO MASTERLY PERFORMANCES." CHRI5TIE." J. Barber. Telegraph. tocr. BEST OF THE whose important expression is Bernard Leni. Sunday Times. FOR A LIMITED SEASON. END." HILARIOUSLY FUNNY. TIME meaning was obscure to Among the samplings I have so BIRTH TRAUMA) and can be CANDIDA PICCADILLY. 437 4 5OS. Credit card hkg. OUT. BOOKING THROUGH CHRISTMAS. bim and very soon lowed up. by its parent A co 01-930 6606. 836 3962. Mon - 50*- 5,1 had quite a far taken I have usually found specifically sexual (for ex- bv Bernard Shaw. ! HER MAJESTY'S. _ A- ' WINDMILL THEATRE, CC. 437 S3I2. Wed. 3 ao. J league had difficulty in this POSSIBLE NOT TO SUCCUMB TO Evgs 8.0. Wed. and. Sat 3.0 and B - c list Why wasn't there *tM I to Twice Nightly a: f.00 and 10.00. some con- the word I wanted was induded ample seduction a Mall. JOHNS ROYAL SHAKESPEARE COMPANY by parent). CANDIDA'S SPELL." Daily GLYN15 RAUCOUSLY FUNNY PAUL RAYMOND present* with industrial democracy. 31 Michael Blakentore. I LEE HELEN venient work of reference, he and definition skilfully Directed bv Corned RIP OFF the The trauma is supposed to CREDIT CARD BKGS.. 636 3962. MONTAGUE LINDSAY 1 9tfi-century THE EROTIC EXPERIENCE OF THE names of many key-individual own Generator 1 in TERENCE RATTIGAN'S WILD OATS wondered, which concentrated suednet. I began with something break through the individual’s, " Unremittingly funny. “ Sunday Times. MODERN EFA CAUSE CELEBRE limits what Is are also included with an indio 636 3878 From Dec. 21 " RATT1CAN REVEALS HIS MASTERY." RSC also at Aldwych and Savoy Theatnss. "Ta-c* to unprecedented on explaining the key-terms of easy and familiar in order to defences, and in the absence ALBEHY. g sermlsclble on cur stages. " E»g. Newv OLIVER S.T. "A powerful drama." E.N. " GLYNI5 Own -nerator. tion of entries which refer '1 You mav smpicn an.* drlr.k in the the various intellectual disci- test my own experience against of normal JOHNS Plays brilliantly." D.T. PRINCE OF WALES. 01-930 8681. Avdllo- um. ABREACTION to ALDWYCH. 836 6404. Ini. 836 5332. plines to those outside them; thus, “Arbucfe/e, Rosa ROYAL SHAKESPEARE COMPANY Men. to Frl. S. Sals. 5.30 and 8.45. OWN ELECTPICAL GENERATOR them? He that of the book—the word, cause a foreign-body reaction KING'S ROAD THEATRE. 332 7488. Mats. Thursday at 3X0. ('Fatty'; U.S. comic actor, 191' In repertoire. Frl.. Sat. WYN9HW5. 835 3323. Mon.-Ttiur. presented an outline of Mon. to Thur. 9-0. 7.30. 9.30. "THE STAGE 15 AGLOW." CC such a trauma. —the mental equivalent of the Tonight. Mon. 7 30—Brecht S 8. Fri. arm Sat 5. wd 8JO. OF THE THE ROCKY HORROR SHOW Daily Telcorash IS dictionary his literary 1967), see under KEYST0N1 THE DAYS COMMUNE NOW IN ITS 5th ROCKING YEAR RICHARO BECKINSALE "ENORMOUSLY RICH to agents. (Greek word for “wound”). A process whereby the TISSUES With: Ibsen's PELLA RS OF THE COM- OWN GENERATOR VERY FIBINV E-'n-rij News. SLAPSTICK. MUNITY >next perl. Tues.). THE COMEDY Mary O'Ma'-ev s vn-s-.vr comedy Curtis Brown, where Andrew physical injury or emotional the wall off 1 LOVE MY WIFE of body a foreign OF ERRORS "tort perl. 11 Nor.l. ONCE A CATHOLIC All in all, this volun isee London casino. 437 6877. Dec. 21 “ HILARIOUS COMEDY MUSICAL." Sun_ Best took it up and suggested is a RSC also at THE WAREHOUSE under "Surehre comrev n-i and rollalb'1 . shock such as may lead ot body lodged in them. until Jan. 14. Booking Now Own. Directed bv Ono Saks with " Bountiful Subse- W1 and at Piccadilly and Savoy Theatres. Oailv T?lrer.iah. Lord Bullock collaborated for which many of us are-«! SUSANNAH YORK. RON MOODY to Invention and wit. Financial Timev "A RICHLY DESERVED TRANSFER. on the TRAUMATIC NEUROSIS. In quent emotional arousal may AMBASSADORS. CC. B36 1171. Evgs. 8. PETER PAN INSTANT CONFIRMED CREDIT CARD Ttw* many occasions tmi 8641. Tints. Own g*nerator. project v;ith Oliver Slallybrass. early terminology going to be Sals. 5.30 and 8.30. Mat. Tues. 2A5 Prices: £4. £3 £2.50 £1 SO. BOOKINGS ON 01-930 FREUDIAN reawaken early traumatic ex- No Power Cuts—Own Generator. YOUNG VIC rnpjir Old Vk\ 928 6363- thankfuL The Hllanous Whodunit Musical THE The two met and in 1971 work the trauma is usually perience, resulting in SOMETHING'S AFOOT LONDON PALLADIUM. 01-437 7373. QUEEN'S THEATRE. 01-734 1-166 Tbd.-r 3 and 7.45 THE TAMING OF an ' Infusing the theatre with unalloyed lov. Last peris, to-day 6. IS and 8.45. SHPEW rail seats 90m began in earnest. The result just Evg. 8.0. Sat 5. a 4 l*. 30. Mat. Wed. 3.0. emotional (for example. attack on DEFENCE MECH- CURTli High octane hilarity ... nertecr family This week ONLY U.K. APPEARANCE ALEC GUINNESS >n ANTHONY ei.jw." S. Enoress. " Enormous gaiety- i CLEO LAINE THE OLD COUNTRY loved every daft minute of it." D. Mir. Special Guest Star A new Plav bv ALAN BENNETT. CINEMAS ' Choc 1- lull of genuine comic business.” John Williams Directed bv CLIFFORD WILLIAMS. enough to pass, though most to , SHAFTCSEURY AVA 836 be promoted master rank. opener a wil F. Times. &vhtrwjt abounds." 6. News. THE JOHN DANKWORTH ORCHESTRA “ One of the most notable theatrical ABC 1*2. makes slam try 8861. Sep. Pert:. ALL SEATS -BK8LE. Seat pr.ces £2 to £5. Dinner and Tw- Prices £1. £1.50. C5. £6. £7.50. events in this cour try tor a many players would, 1 fancy, venture foi good 1: OPERATION THUNDERBOLT lAJ. Wk.T this could four diamonds, North bids pnee seat E7 .SO incl LAST 2 PERFORMANCES years." 8. Lcvla. Time* All have been S. & Sun.: 2.00. 5.00. 8.15. Lata HlOW one spade. South's rebid of two OWN ELECTRICAL GENERATOR 11.10. !! South had spades, 'and ‘this encourage APOLLO. 01-437 3563. Preview Nov. 14 PALLADIUM. 01.437 7373. Tonmht avoided taken the at 7.00. Subs. evgs. LONDON REVUEEAR. CC. 31-734 TSM. 2: VOYAGE OF THE DAMNED IAA1. diamonds was passed all round, E.O. Oocns Nov. IS BOX OFFICE NOW OPEN RAYMOND Late first trick with South to -bid six hearts. at 8.00. Mats. Thurs 3.00 Sat. 5.00 At 7 pm-. 9 b.m.. 11 pjn. town Suns.' WL n Sun.: IAS. 4. SO. 7.55. dummy’s heart lor Christmas Season of Tonight 10. SS. and West led the two of hearts. RAYMOND orcsents show , ' - Kin and 8.00. TOMMY STEELE PAUL RHODA and the late Tony Ace, - and Jed the nine of When West led the club DONALD StNOEN In a new comedy ANN HOWES THE FESTIVAL CAMDEN PLAZA. Camden High 9L ' 3 T .O, o* O it * ft 5- Jy*53» *' -*_VJ .**. eco*w|j^G4VV «&**« *nd ***** a bit of quality- about It m«an Hiprethan *•«» a^ «omfo?t»l^ j«ai¥ the ultimate in performance.” •' ' ; ; • - r '. • triSL .^ -^^? r-'V>v^^i:^V r:..'' Four come back from the edge of doom Uli * ** I? BY BEN WRIGHT SYDNEY, Nov. A »^A>> i’eea «.,. and now saw. This lady, being unaware BY A STRANGE coincidence place. Tt is a significant tribute year ago he tied fellow cured by acupuncture, 4 appears likely represent his of the threat to Archer’s lower' the final stages of the West to the 29-year-old Shearer's Melburnian Stewart Ginn in the to £3?- still " limb and assuming be was Classic, by a six courage that his second round same Chrysler Classic, only to country in the World Cup com- - r Lakes won ’ Manila. anaesthetised, used some singu- * ?; \ . strokes margin by Bob Shearer of 67 was only once excelled win the play-off with a mon- petition next month in putt. larjy lurid language that roused in Adelaide last Sunday, in- by Jac* N'icklaus with bis strous 33-foot birdie American giant George the patient with a start! •***K volved-four professionals all final round of 66. Happily Shearer’s immediate ambition Archer. 1969 US. Masters jJ* Archer won one tournament coming back from the edge nf Shearer achieved his post- is to win the $200,000 Austra- champion, finished tied for In America in 3976 and over doom as far as their golfing operational goal, a place in the lian Open two weeks from now, fourth place behind Shearer in top 6f> $43,000. This year he has again careers were concerned. American money winners or at least give defending cham- Adelaide, fading a little at the reached six figures, and has that guarantees exemption from his many top finish as befits whose .«/. Shearer, a very successful and pion Nicklaus and a man " ...... ,.. _ come here because I need to pre-qualifying in 1978, a mile- class countrymen a run for their career was also apparently in popular figure in Britain and keep going rather than resting stone also recently passed by money. Bob was promised one ruins three short years ago. 5e Europe before be graduated again." i -?j Peter Oosterhuis. But last Sun- if I am to be a real force t this season to the of three sponsor’s invitations to George was playing a friendly ^wtojfcbmMKlsi the 320 six will better 30 mpg. full time* Archer's putting is still day’s crushing victory was, as - States tour, nar- Australian players, only to be post-lunch nine holes with bis 'Lsidet^uy? fl'fW&v-jttl The 323i, which has a bored-out United bad the phenomenal: not for nothing is »fe qm/M^i Shearer described it: “All I version rowest escape of all. In late Feb- passed over in favour of veteran wife Donna and friends when ffl^aranP- ^ of the new six-cylinder hope for reckon he known as one of the half- f could because I of poli- on a fishing trip to New Zea- W‘^, e, ruary Shearer appeared on the Bruce Devlin, one many \ }S>ne and Bosch fuel injection, 'mess is still only in dozen best putters of all time. ^‘"' /k ’ that my in late 1974, - y * '• verge of a major breakthrough, tical moves in the pre-champion- land All four heard ;. '• will not Britain ~‘ VjF. y be available in the 90s in percentage terms." The fourth player is Rob Mc- 2?* so consistently good had been ship managerial in-fighting that the tendon in his left wrist snap a Jll/7 frfmjI/l until early next year. It pro- Naughton, of whom most of /r ' his form. The best of a series of Shearer is palpably of becomes distressingly common* as.be drove at the sixth hole. . * - one retiried •^ mises to be a rapid and far from will have never heard. high piacings a tie for golfing Archer, who had four times you >t\- ?•'’ ' thirsty car- say that was those rare birds—a real place. ;|^as. ‘ X. BMW Rob was fourth behind Tom Watson in winner and I shall be very won over $100,000 in a season, When Melburnian ****** its power(l43 bhp — Tasmanian-born David Good, V can «iR5fiALL extra second to in the r STUART the Andy Williams San Diego if he out- underwent surgery and made David Graham --••• s surprised doesn’t do to Shearer in .•:•. :^*-> - . compared with the 320’s 122 runner-up '-T^rO'-T . less than 810.000 in 1975. He Australian Wills Masters Open. standingly well in America next Adelaide, bad won the Air New finished 127th in the money list Tournament in 1975 at the age But suddenly this most like- year; indeed. from this Zealand Tournament in Auck- nn. against fourth in 1971 and third of 22. be appeared to have a able and determined of men dis- moment lie drives the ball land the previous week when far and well in 1972. glittering future. But since then appeared. His doctor told me so and putts so like Shearer was third, and now tops magician that be has accomplished so little later in Augusta, Georgia, at the a his wonderful Australian Order of Menu A “spare" tec don had been the until last week's third place to m iron play is almost over- of '.' >• • ^ U.S. Masters in April that grafted from the heel his f cfijirr^T -r.---; vy a So replaced the four-clinder when But only three years ago Good's .U'xa ir ^, vligl£.isiieezigg •personality, Shearer—that be was about to 1 ot( he had operated on Shearer for shadowed. If he is allowed to band into the wrist but Archer Hv ^*". ™ of the 520 saloon- This finished. * - career appeared srailj Few tonds^^ engme can y in front give up tournaments for good. r m e U r Ca r acute pancreatitus the victim get out he is likely to was warned by the surgeon farther The bespectacled 29-year-old, he '"** proved q^°B at a could have survived for only five go and farther away before the operation that if the But once again he knows bv to be %e^ r star ' ^gmliy his rival. like Shearer a former can piay with the best, and Sriyth-im^i y; 70 mph motorwayreniise despite more hours. from injury was too severe he would «^ amateur, was afflicted with what nnMoM^»>rg strokes over have to lose the tendon from while on the subject of in- itT^ its considerably , oweT gearing. For months since, mous- His nine victory ^ ^ withdrawals, Keene dne »o a • RRC2’s documentary “Where family bereavement and Stean Karpov is King" will be due to a tournament In Yugos- screened at 10.50 next Monday lavia; so a tie agatn«t the Dutch (November 7t and include* an at full strength was a satisfac- interview with thp world cham- Send this to your life assurance broker. LWaJl Street as tory result. the Many exp®tsOffly^ pion as well as film from attractive^ don A world league table would Lord .Tnhn Cup and Karpov’s more shnw both countries on the. way Lloyd*! Bank match against Eng- up. Based on international land juniors. rankings for the best half- The top board encounter last DearBrokei; dozen players in each country, weekend hiehJiehted a problem the present top ten reads USSR. for Tony Miles in the next world VS.. Yugoslavia, West championship cvcie: the Dragon Hungary, is to take stock of Germany. Czechoslovakia. East Sicilian, one of his pet defences, I believe now the time my ^ England and Holland. costs him too many noints. Jan ^ TWO WAW TO INVEST | Germany. investments because although my shares have Argentina: followed next by Timmsn defeated it for thp third •tir.AUfi GROUP LTD. THREE OUAW^WfRHIU. tONDON EC3R68Q - Israel.' Romania and Bulgaria. time this vear with an innova- at all sure how the nnw/irf* a rap rawwiriiinrtv lor anyone wistal lo take a TEltPRQNE:|TTt£PHQNE: 001-6261-626 4588 TUssedtonTWs sadton to-be completedcoomleted bytor aBapofoaotaB appteaots I done quite well this yean I am not ; tion fllN-QSD aimed at limitin? rcnnffffiwfffe i a If industry and government • r o?iypsnsr i Black's chances in the queen's is going to perform in the future. support for chess were every- market side and centre. . Mll^s hastened 'Aiflencari eff,- vr sSORNAMtukwaw. Dutch bo sure invest in g wde range erf wftb thing. the would 9 which What I am looking for is active and defeat with 18 . R1 mViJmiflir Ineut iwnivik 9? PU/fl _ ft F,/eA*9 efWi * *• *. I. K maxinuw a jheHu Piairi tiiectite. -J to advance further. The Inter- § f-(Jfi«ItW£SS' brought his king into firing feerk- * * investments, a fnvedmerti feparfaaifj' l ffronghbach-to-fBcIs loan / t prtlis tournament at Tilburg, professional management of my ^~rr- ranee of Timman’s purees: but tiesrnoi^or«fu«flwfeff^.wtfedo(tarprai^ : where Tony Miles finished the damage w-y? done somewhere broader spread of securities and the ability Thees^^n^fligentyiekJfoYliieorne.y^ /. ~ second to Karpov, is guaranteed much ~ in the opening. 2^%a^^iiiwgpricfim41^dn3fll'k^ I posTtiJDE AG 531117 for the next four years arid has White: J. H. Timman {Nether- to switch quickly to less volatile markets as the umBtstsarea lo^temaye^mriiandvotsi^. |ksaaai an annual budget of around lands). Black: A J. Miles (Eng- Complete bts sacfion to make a Capital £25.000, roughly equal to the t Y,1 land). Opening: Sicilian need arises. RTiTl jAUUnvBlmftt (otamv C50fl. entire sponsorship of British Defence. Dragon: 1 P-K4. P-QB4; chess all sources. I understand that through Vanbrugh's Share downaswOasup. 3feACCUMUlAT10N/lNCOME^ACCUMUlATlON/lliCOME units from -k - -i’.' -IWBH TO INVEST l£ ^T 2 N-KB3, P-Q3; 3 P-Q4, PxP; in - the Added to that there are the investments |,.-M ppBC^bteor Accumubfion unite will be issued) of M&G 4 NxP. N-KB3; 5 N-QB3. P-KN3: Exchange Scheme, 1 can transfer my Bje^ asa grandmaster annual prestige 6 B-K3 B-N2; 7 PB3. (Ml; S backed by tbe IBM the Prudential, tournaments Q-Q2, N-B3; 9 WkO. NxN; 10 into any of six funds managed by and. Hoogoven companies, plus M*"ucl’ ,M BxN. B K3; 11 N-Q5 BxN; 12 wniftaac in the of the country's largest investing institutions. made oo 20Bi Mardn^W SeptembH ISg7^ sponsored Dutch clubs PxB. Q'82; 13 P-KN4, QR-Bl; one national league plus generous raietax'andiffi" 14 PB3 P-K3; 15 PxP. PxP*. 16 there are real benefits and the government underwriting of the And that CGT R03. P-K4; - 17 B-K3. P-Q4; IS Chess Federation. Dntch' K-NI. K-BI: 19 P-KR4. P-K5: 20 opportunity to take a tax free income. ' uuLiAc^ut^ta UHK5wrajiy:^^»ws» uni- w^ovw - ' The scale of this backing Is PR5 PxRP:"21 PxRP, P-KR3; advantages of 22 B K2. K-R2: 23 QR-KN1. , ; - •. l IJBKi,TftwIr i - Assotiaiion.jfcfl. ,,*U«SHTOS«Et£UKSHTOSWE[E -J fiat^Aod.Gwetai Fund. •. r- M&BlS'aM&Bls a merati^et-iHeUffltmaqber-Bi-iheUffltTnistTrust .. . Tours faithfully, ' - Ra mi wtlAdweljm lufiCVffH fA nUAlCftflfr 3 -ftff LhnHR; :. a capital iu£ Tnisi (Assurance v. SftR mmmmmm NAME. ADDRESS. ' mmmiwm tfawayguroetmoi^i^ I . — — UillllhMI ilViftw rmtfftjftf naNl)l PAffCtifpfrthltf ffTflrfi.niuiw flfiP* you UnuS-tiStwiy pnn.cons»»Bvij_ . - mmmm mv m TiU^ '*• . • : ' • . . TRAVEL . v*. - •Vi • ••* l '- The Meadows has the better ’ . system and the. Lodge the j -ter atmosphere. A superb bi i -for a 'week or * * * * weekend gv. jLrti in .the north' ****** West orffcj * * it Hr * % ness. Timberliiteis-a aflidij .*. structure built to keep BY ARTHUR SANDLES * . * * * the 1 - - it employed , occupied . it * *_* . w gp j# '** ' THERE'S SOMETHING about that It tends to be quite a lot thirties 'and is.worth seetn,, being dropped by. helicopter on colder, for it to be worth the it * * * * an architectural- phenomenal effort The west, however. Now i • * (Alberta): the top of an Alaskan mouzi' * * : Banff Not bo on - there is a different story. .. itself, tain. Its - . t well, different. . a ski centre but dearth The dozen or so that had great advantage of Ameri- ,'•* the place to stay. Try- miles . The the^g Springs. Hotel, a to be covered by skis on the way can skiing for the ' British is giant castle '- down was different too. Long that much of the -ski terrain, is an establishment. Then take ; wide slopes of 'lovely deep designed specifically for the .regular bus, services to : virgin powder snow, glistening intermediate skier. Slopes tend Norquay, Lake Louise anf s CHRISTMAS 1977 beneath a deep blue sky and to be wide, well maintained (the shine Village. Sunshine ig r pretty. We invite you to send for our mail empty, very, very empty. local term is manicured) and •: ticitiarly' Lake LoJ HAMPERS order once list which features a wide lifts. is developed, Sl tourist excellently served by Much _ . the more range of the world's fine* foodi and Alaska is- major _ GOOD FOOD & WINES which ere certain of American skiing tends, to- be abundance. WWstler: The Whistler OF ocher attractive flrfv/ destination : for North Ameri- skiing in '^ (Gj not include the ' flight termediate your own and your friends' and do to please cans and the Japanese. For like American television, 001 d -i-.-ni-r castes. This is simply, because nf.Se steamboat Springs- ? "— 11 designed Tor the middle brow, Sa£S h^SSSi- leading Dept. F.T. f * Europeans, however, it has an custom-p^e re- Britain's packers supply- profusion of air. farea involved^ One of the new JSf; not that different from which,' as far as activity sport ^ great stores of the world imago goqd resort package,. glring designed by IgV ing the brays is concerned, A sorts America Certainly 1 * is me. ft hL WR5 3 DP. — Siberia. It is something of a a week with. all a sort of Disneyland and leaders of Industry. yon meal*** tries to be shock to find that even in winter In these days of a wobbly are broad or seven nights .accommodation,, of skiing. The runs -f”® . the sun can shine, the dollar the other great attraction that lift passes and ski classes,.^t ^d beautiful, and so. flattering THE HAMPER PEOPLE LTD* tnleta the coastline of theU-SL, when compared with The CTiow is WghtelSluSteSmgmy m^bt^ of Alaskan not equipment rental, wm.prob^ middle*fcLlled skier that . to the St rumps haw, Norwich. are rivalled only by the fjords the Alps, is cost. With a good ART GALLERIES ably Vst around’ feel like Karl S.chraiar (or Tel: 713937 bedroom costing not much more \L of Norway and that Anchorage very,, MoserproeD). LTV SnHnd S which compares favhqr- Annemarie boasts gourmet. eating and dis- than $20 a night; a huge break- ^ M winter 35? brochure on request. ' Colour aWy witt the better European spent so much’ money on it that cotheques that rock into the fast rarely costing more than S?£nadSi «aat MILES GALLERY resorts (remember you the whole area is now for jale. ROY night. For ski addicts it is $2.50; and a vast steak dinner at ^. {T^S^n^ AIaskaVnJ usually getting a. large, .room, snovi biz. Street. That’s . - 6, Duke also pleasant to- find that it around $6 per person, the travel downhill ski ’resort and^ GOURMET colour t^evision of the no* in- SL James's, S.W.l. boasts some of the worlds better pound goes quite a long way. ^ one Ste e^nd^^pSy. ^ meiuaea). resorts for Eutch skiing. Mt. Alyeska’s village Ski rental and lift passes are access ible of j,»ps not enough skiing to ke FOOD AT HOME THE VICTORIAN ERA Mexico and GOOD may be charmingly simple in much the same price as in : My top ten resorts would-be: peans (it is in New y0li occupied for a week unk If you ien.h giving d.u wr patties ' to fly to Albuquerque you will enjoy and need our hit EXHIBITION style, but the ski country Europe: .Wine, however, is Aspen (CoL):-It is everytMng you have ) you run to regular hg more thin fifty excitmg and will appeal yery detailing Ernihifion Now On around it is superb*. amazingly cheap, unless perhaps the books say it is. Smdp.th; but one which copter trips, but certelE unusual foods—most of them freshly European testes, uot prepared and including amongst American skiing is full of you are hooked on Spanish glamorous, sophisticated -and- much to enough 'for . splendid stojxn others:— Game. Guinea Fowl. Bone- 4 because half the Cork St. Mon.-Frl. for the -European brews. with miles -and miles of, "goi^ least entertainment during the Tola Poussin. Quail. Veal Quenelles. BROWSE & DARBY. 19 sunrises less sT". l\_EIJAN_UGLOW. skiing. seem to be Austrian. Pintadeccei. Goslings and Sea and IM.M visitor, not least because he has Ski packages are extra- intermediate -The resort :structors London run. Your compaolo GALLERIES. 7. Pcrchcstcr Place. Smo ked F oods. ESRIAN consists of -four 'separate ski- are likely to be air crews vK! EDWARD HAYES A JOHN been educated to despise it. ordinarily difficult to buy in Vark city (Utah): Gentle taki GOURMET HOSTESS FOODS LTD.. I -5. Sat. 10-1. KINGSRLtt . 10 _ Waterside Farm. Stodday. Lancaster. After the Trois VaOees and the Britain. Most travel agents da areas with, I suspect, Snbwteass jug near a n oid mining town, the same course to.relaxation GALLERIES. 63. Telephone 44*97. FIELDOORNE O^fc pos- appealing m^st to Eiiropfean only a few — d00. HORACE Parsenn what could not seem believe Lake City Grote N.W.8. S36 3 - the U.S. to that there witla Salt — — FOREIGN HOTELS gallerv lOUNTRY. BRG03K>. Lower • testes. • ibe. resort GALLIPOLI RESTAURANT, ell Old Broad RIVER AND BEACH SCENES. Mon. to sibly offer? Notably it can offer is any skiing in the U.S. -Ameri- . mUes down the road Open every day for lunch, apoc. Street. E.C.2. Fn. 5a:. hr high standards of yrell main- can statistics indicate, however, Vail (Col.)^ Smaller, more very easy to reach but has asus, u^a: chr itoafts 4»f SWITZERLAND. AROSA. Hotel Vatsana. dinner and dancing until 3 a. in. Cabaret is and 15 a J txr clas» In.ier i'ummaj ocol. twice mohtlv at 10.30 p m. 1 m tained slopes, an - excellent that some 3.000 Britons took to intimate than Aspen an3 just some -most peculiar drinking weeks Irom Fre.575.— Mon-Sat. B. Telephone SB3 1922. , tageocs sHma r Telew: 7* 232. standard of reasonably priced the American slopes last year, the spot if you are travelling laws. An intermediate ^kier s-:cmwiiBii': T«m«t Bmni. Bax i. c»# 9a accommodation, relatively inex- and it would not be surprising with a friend. - Vail -boasts some paradise, my memory is Bi runs ^ * 3 PLANT AND pensive eating and. mile after if U.K. residents skiing in of the best powder skiing is. The were never narrowerthan - Roati. 'Denwr, cstorada vans, hj . -which ,(Mk ft ft* sfcm^brachOTl- mile of dry powder snow. Canada added considerably to tic X .-inn varrts , Mtai» HOME AND MACHINERY fc VS4 I. am, of course, talking about that total. When Americans Alpine Meadows (CalrilW Mt. Hood fnre«m1r There 1 resorts on- this Yoor wook-««i e: Atm** GARDEN tho American/Canadian west. talk of packages they tend to Less than 50 miles from item) , are two major atn e*« time at alt from Mountain; Tibernagr“^ The cast coast bears too many mean the resort package and no 'the. Oregon . CHEAP FUEL? Get an E.4 T. LogipICter: Meadows^ source: Thom«s CB»ji- V GENERATORS similarities to Europe, except (hotels, lift passes, meals etc.)' main West Coast gatewaysi: lipt- Lodge and Mt. Hood ...... 10 loin nl power moans a leg so'l! c -err 12 HtemV oflonless. last and sale. FREE oraenure iram Eas: Anglian Trading Co Dept. OPE. Guardian Road 2-3.000 KVA NerwJcn. Tel' iOS03l 24104. Kwpinj warm and being fashionable are New and used RICHARD GREEN GALLERY. 44. Bcver often two Irreconcilable aims. This year,- Streit. WJ Of 491 3277. ANNUAL available EXHIBITION OF SPORTING PAINTINGS immediately Fashion happily, the problem is almost the reverse* AND PRINTS Daily 10.00-6 00. Sau. PERSONAL at keen cnmpetltive 10 00-1 2 -'i0. —these last few week's l*ve found the prices. ROW' AND MILDER. Enql'sh landKOOCa. fashionable combination of several layers' of inarm? subiecH -*nd coastal scenes at tre GALLERV 25. ChurUi Rd.. Let the people who hat.; FURNEAUX clothing and the obligatory boots has meant MAKE MONEY! 'A'l.-nLiIctai Village Lonc.cn S W.IO Leelcrc. UG-Yillefranche-sur-Mer Tel : ( 93)80.80.61 winter coat to Jbftrhere 23 Ave. Gen. Right: The soft, pretty way to rover up are a few ideas . ; . this winter. Moons is an Italian firm which specialises in the softest, lightest of knitwear —it’s so light il almost feels like cobwebs to the touch. Photographed here is a complete Moons outfit—a neat, slick pleated skirt in .100 per cent, wool and a soft black matching cobweb top. The coat itself is in per cent 55 mt - mohair, 11 per cent, wool and 34 per cent nylon, as is the huge enveloping shawl. The outfit .shown here is in beige and black and' though there are Limited quantities of it, Harrods Evening Separates Department tl knnw it seems strange but that is the depart- ment selling this outfit) sells various combinfr-- lions of Moons clothing and other colours and styles are available. The coat, suit and shawl _ sell for £3u9 complete. Caramel-coloured kid* ankle bools are in London branches of Rayne shops at £80.50. Fhamrwh* bs Trevor Humphries For £234* you can go to New York, stay 7 nights in the Century •’ Paramount in mid-town Man- ^iz> hattan, see the city's famous sights, have a car rent-free for one day and fly there and back on a big, com- fortable, scheduled Pan Am 747. That’s only New York. There are similar deals going to 36 other cities in America and Canada. Like 7, 10 or 14 nights in San Francisco or Los Angeles, fi from £382f Or theWest . te- Coast Thangle tour- rn Los Angeles, Las Vegas C and San Francisco in % 10 or 14 nights - from £462? On every flight, you’ll meet the friendly welcome of Pan Am’s people. And the kind of hospitality that only comes with experience. See your TVavel Agent or fill in the coupon. * Subject to Govenuneirt appro »!. • The country-lover’s coat—or the coat for anybody who and 'Stone-coloured- Please send details of^-our winter (£2135) jumper vf£9 from Atexbn* J really feels the cold and wants to ~ ” ‘ make absolutely sure of shops Including those at Harvey Nichols, ^Kalgtftsfiridge^a»r ee keeping warm this winter. Made from lightest possible Rackhams of Birmingham. . Icelandic lambskin, it gives great a deal of warmth but • ATcharming younger style coat .made byStephett Maria.-- weighs very little and isn’t as bulky as most sheepskin. Made It’s made from brown wool tweed and comes In s&tes 8 by the Finnish firm of Frittala, the coat comes in grey, cream, totSS2. Available .now from ForumShops, EdinburEir^y.c black, dark grey or dark brown. * In. sizes 8 to 16 it is £287 Stephen Maries shop in Peter Robihsdn* OsfOriT dx£aB>fi: and is available from ; Hamids of Knightsbrldge, Skin Deep towards the end- of the mouth and next of Glasgow, Dickins and Jones of Regent Street, ^ London SW1, Breqt Cross and Richmond. Worn -with the cbai.:S^jcrfWteb 'A Pandora of Guernsey and J. W. Higgs of Westcliff-on-Sea. sari from -Barkers of^Kensington,- Yfs. and-tSe ” Worn with the coat are Russell and Bromley's “ Tibet Nayy Stores. Tbeacarf iajnade from; wool, comes sheepskin boots. £46.99. It's not for nothing that all biscuit, gre«i,;bel three of cotours 1 5e, . brown, Airforce of our photographs feature shawls *• —they are the accessory wine, and nary) . and costs £8,7 5 r this winter. This particular shawl is from Harrods of .;;The cream ribbed tights are Knightsbrldge and is made from. 70 per cent cashmere, 30 browu lace^hil shoes-are Russell 'and-.6«na^^Rag^K*T|.£j ^ per cent wool and Is in a chocolate, cream and camel tartan. (f^^gfalt.'.-Tfee'-BeriBd.na.hat comp* in a uijtffr 58" 72" £59 (p + p £150) for the by size. and"coiffSXSiw) IrimiBirkera of Kensip^napoF^ Under the coat is a pair of Alexon's tartan culottes ' . X. [i] -• — , ; S5H7T mm. |VS** ; f’iV -v; I'iVi v- : rk. : iff! im Y SI V J > .'T-J *•><-; -"PT tWxS'O* k-: noWt PM P TafcSE & iaffi? Mi. s*? iV\V « Jrt»S ' - w=?ss *mv Vt.' T:^ MSI >?W ’•W.'i' '•* S! n ••a.’. frW on l ® Children seem Vo n*ove =1 earlier and £13.95. the, hank accounts 22. in the comer is some UPSTAIRS SHOP at in IF YOU feel energetic enough rarlicr ages hut perhaps THE smaller one with the initial on «*e Pimlico Road. London. S.W.l, or loving enough to embark children still like to the middle is £6.95. to design range ot some embroidery between now home whet? specialises in helping To see the complete smaller coins at should and Christmas the Royal School into a shop oh CJtr^fmns should and produce exceptionally pretty special cushions you ANYBODY CAN walk (hey are easily al hand shop— dutiful of Needlework, 25 Princes Gate, hastily-bought, offer their own go along to the money on a arise. Aspreys* bedrooms (they really 1QE, lias an Eve and roend a lot of a crisis ] that say Good London, SW7 however thinks red of fabrics made into cur- there are some Christmas stock* Not everybody, beautifully made black and range Night (these embroidered fn^en mSrof. and so Morning or Good send by money-box. shaped tains, duvets, bedcovers, have appl»- ing kit which they wilt leather ideas cost £11.951. others but among the smaller or mail. The kit Includes the like a post-hox, is per- on» qued pictures of a castle exactly for Christmas presents printed canvas for the stocking enough to suitable window box. They axe haps enticing of individually London and the is their range from front, all the wools otherwise all very pretty and made persuade some designed and made cushions. needle as. well as an alphabet fresh prints. Special names time and trouble s spendthrifts to sa\e a little. of the cushions are illus- verv chart from .which yon can tastes and had taken Two be ordered and should Et my who are the one with the need to form, the was quite un.- for children trated here— select the letters to Zniei fnr and the pleasure Certainly take about two weeks. them much plasile ippliqutd picture and “love ; name you'd like to include. the principle that nothing often given so slocking related to price. So, on should The finished ns much as junk at Christmas il measures about 17 inches long time trouble and be shows passed make a lovely change to by 7 inches wide and you simply couldn't hare been prefer something the pr^ii that given something traditional but your own or ren (adults may yonr own this n eck 1 dei ot- YOU are taking aesthe- Mould need to make anybody else, m 'F rather prettier and more (not on or bought for or high quality materials. Science bark to the stocking that need to be made •isiting children to the certainly quite lifer the page* to presents large. tic) and are difficult just buy some Felt in tna most of The box itself isn't very and Chrsst- reasonable : either the name '.luseum between now like. The cost is very and cut out orderetlihat incorjnrate inches high, and have your a suitable colour weciallu measuring 6i can. at the same time, tor £1.50 you may ' it s to be tias you the stocking itself, not for- person to whom padlock printed on to I! t he initial of the It comes with its own to have their computer portrait small amount unique or only ake them along printed getting to leave a sonic other way arc social and keys. Order, take computer, T-shirt and for £1-50 to qicen. or in Portraits printed by a or unembaoidered canvas tfl aru ™am4l compete: costs though, that because *V 5 days to »_ amuse child- on to paper. Form a seam. Using the slock- Remember, another la-no f®£ rhis never fails to esstnu i»o .start £8.50 and a order, time is of the mail ing as a master pattern cql done to the name. To order b\ the felt and this week-end if possible. New similar shape from choosing and deciding (write to Aspreys Jta kit you choose a sew the two together). The London \a.l-> «»» cludedcl provided Bond Street, IAND-MADE chocolates are now very sparse bigger than 31b. . comes with cost another 75p. still a few dbox just rarity but there are have fulfilled, in instructions — in fact,_ London that Orders they stitches irms left m include “I’m Sorry, as ... the names of the two Mr. and Mrs.- the past wouldn't necialise in them. burying a diamond ring to be used so I a famous well as ~ lax- Dobrin ccune from i-rtoaftiv vWS? recommend it for inexperienced an Easter egg- • mm in >'* "»;».. •* of ch ° C lt i-rlin family °?.v special orders consult embroiderers. have, two0 For ’33gs*&g&, nakers and now be happy to price is £1&95 (p and CClare's who will The • specialise m Glare’s shops that advise. 45p) direct from the Royal at quote a price and p chocolates- one isi : and -made School of Needlework. Baker Street. - t Park Road. the choc^ 'Jon don. NW1 where the ate> are made, and Street. London it 163, George mi WL nm ijr-'Sr the vouch for 1 can personally m is chocolate _V- act that the n reah *® lelicious and makes ° ,:_ all the olto ren -hat there is . chocolate^ ‘n the world between the everyday, fac- -.f quality and tory-produced variety. IQ TjrUUUCiUg 4BUSW * - m eaeh v in boxes rijnfi at special bottles, Clare's do chocolates redpient yjj starting at «lb size with the name of all sizes, IXbeL.while lib continental OP 250 rxw less hind-writtea on the • iw.-?.- yY for £2.70. while a is £3-»5- 7)4 x 5 x Vi ins afi ^ordinary bottle [inT, whisky assortment would be with T^"'.a bottle' of -whisky; one- speciality is seconds However, the real *if. 'skilful (precision to 02 label. Insmibfiid.; with, the new you can Quartz the chocolate writing and per day) and inventive' (first ever 8 (wafer's become a. charm- with s Pec irom name '^ digital clock. About £25 v CAMPBELL and Mark order boxes model) - .eider NINA Gw : presetfE! . :Ypti\ may- oa chuco- Road. messages picked out the world's leading manufacturer. - ih.'two Birley at 64 Pimlico pffiiiited Scotch ' whisky *:«£*£*: among the contents. ' have a selection lates dc to* . old London. SW1. for a colour leaflet different' - sizes,- Happy Birth- ask sifeTry. tortoiseshell boxes .which Happy Xmas and cc^hacs'or-oimmpagne, OY of but 01-4450491 ordered with gold can be doDe for *3-S0 Write'. Ao Mexander Dtmn,^34 can be day you like can be in- D^^tree^^ndodllfnX initials. The large any message 4^ £7.43, tne with ell, Retails. inches diameter) are fbrCa rleafitt. diameter) ! .£2.60: for a smaller (1* Inches pru£& \iStait -at an EsqiadjaJla £5.50. Each gold initial Is •M^ta tiwt bOtlle;6f give and go nv ^tta £7.84. “If you want to v^^tajSWp^-Sherry are Tangnuni botfle A larger present there f^^m^a £23.54 (again 75-. p3jbo: cigarette cases for then ffifirtf if-BBa "oz.>: pf room of a friend or relation iirtortoiseshell and again gold enchanting. nalnting of the ROOMS SbSSEbfevai Scotch . does the SITTIMG ordered). ROMANA MeEWEN should be in touch witb either SOFAS LOOSE COVERS initials can be colours are, you Pimlico Road, shop paintings of rooms. The h i aallerv or with Rain of 42 | :: Besides the boxes the genUe 1 the n - - room but » *“ X>> v; . cushions for the colours of the - ' embroidered obviously, swfwf JK NOVEMBER ‘ has .k« 2 can have I’ve seen alt have a d7 «sr. \ : 27 J>Q which of her work that y ' pictures £ examples “ initials added for them. The e MONTH r embroidered air about SttXSZ MAJS GREAT fresh and cheerful BU cannot IS A \ r^i l Jishley - Ashwood rabbits very home. Obviously sne Q -£1 as well as nice toy naif. palming at her might be called 1 J»ke now and can be style, 1 suppose, of room portraits between DIMENSION. 'Cfvfy' Trevor.- Humphries clothes names 00 , do masses | whose ' NEW oi them very much and if hadla ? wanting one shonld 1 AT '• rabbits are so those The J 5 51v ' !,i® Christmas ? ' Drawings by embroidered. would eertting; »®v« warranted her. talents a few can be doneand DOWN ON ! Y4 the initials £1 each. in a remember that only 1 PRICESARE \ £16.50, paint it. She uses water-colours first come fan Wheeler weeks have her will be dealt with strictly on a n vlOrders take ahont two price is about £100. they fresh, delightful way and the FURNITURE YOU CAN Coles accepted after firS ; JTobin : and none can be work there will be some , THE If you want to see her want to order and wantsome 5 .Ilecember 10. !> Lamttmi For?bose who pictures on show at Pigeonhole, always has u few er TAKEAWAY. her st'le Rain Jl SW10 from December 6 to -4 idea of Pimlico | Street. London, in ihe small shop In the storage IF^-HE'S a. car enthusiast then about £W». SS^Its Exclusive upholstery and —those for sale will be , § J vP’.rv own gear knob with his commission her to do a Road. If you would Uke to at prices like this- 6 - Initials on a silver disc might § systems The -be Inst the present for him. B — Itself is covered in l sear Jtnob artist who paints ‘ ' is an ' and according to HELEN PORTEOUS feather charming paper we^htsfor from whom the knob stones which make . 'Harrods, Fulham Road. London. SW3. The may he ordered, “you just unr Parrots of 56 slighter in size: some are larger ana vary _ iprew' the present knob stones ana initialled between three and five inches) •• with the (rouahlv replace. ..it three 'nchp.O and Jhe Do remember, if others smaller (two to ^version.” larger being car- minded yourself. price varies accordingly, the • ypd're " not' 3Sp»- bis the smaller £9-80 (p andi p - that •• that vou should check ?p ud p 75p). embellisbeo with an in tia ' actually have gears— Each stone may be cir .does series of stone - auto- there is a knobs ^ are not for or for dog-lovers * C I'ijm^ShLrTld wtstEaling.waFUIJiAM 654FiiJtaraRd,SW'6. H S fs^TOHt^““feDINGTON ISO High SirceL > pleasant BIRMINGHAM B^PiloHoinc.Bru^Smwt, oneor which makes a !2 OUTOfLOypffN: p ground together and cook, a few forting and very quick and easy I from lh? inevitable pears 'jmm 011 at a time, in foaming not clchange as slicess make although it tastes in red wine For six people *to You will need about 2 bakedbi of careful blending lbutter. unblemished s Guy F "k ' though hours to a choosecl six very firm we're/, celobrgtipg . ? good In all. Transfer leeks makes a oz< butter T1[ 'Graiin of \ cooking have gone into its pears, pare away skins, ALBANS SqSt-PetertSL .*re- dishes aand dish, cover and keep hot. cicooking iL Rivertiead. ST. to meat sserving ^ w&rilt&F&W* je^J^aiSmpmiimem preparation. Quantities given the fruit whole and days Hiere- from f tablespoon flour into the kkeeping iVo deposit credit I _ Tew shopping ^^. eaBani change if Stir- 1 advantage includes 'bow ^ a p] here are enough for three, and place them m A l The November sauce. pan juices and blend in i sistalks intact, over L5U. '. there’s cheese butteryi on orders Christmas: : ubiquitous quantities for six years lo pay aie ^tUi Jvou double When casserole. Bring to the boil with 3 so njfn strong chicken stock. a ^ g two frying pans ! honey, “» people use thick- ’ water. pt liquid hot and slightly j pt I iso port of iheDebenhams Group. ssss as single smooth,\ Dimension ^ that the meat lies in a lemons and the tJew WJiiter has arrived- chopped ham add red peppers from two uthe juice of two _ ;§rkikle A Uttle layer and liquid evaporates ened.i Pour over The pears, crops nd with a cans, drain them and cut zestzi of one. UHITS ARMCHAIRSB all root *“£ steins, top Cut 1 lb -lB-oz WALL ’Almost between the ^sufficiently] quickly. stick, cover and SOFA BEPS mixfed strips and add I tea- aadd a cinnamon S are plentiful d^.'^obi of brown breadcrumbs pork or spare rib chops into thin hrassicas blade of coriander at 350 F, gas mark 4 for andr.^j^ black pejfperi lightly crushed bakefo ,. „ ileeks Parmesan and rinded, weight) into spoon cauhnowe^e^s.fl parrots (boned and gently, stirring hour, basting the fruit with the flecks of butter and over with seeds. Simmer i1 j large cubes. Dust all Strain off • peppers ar . parU until the yliquid occasionally. ••celenac the grill. seeds and ^ occasionally, (no’ fiiiidi under 1 teaspoon coriander blend discard the cinnamon, hwujjjg' boated through. Then thet liquid, are particularly ; peppercorns are Leeks i g seems black w^ith on .'celeriac teaspoon yoghurt qr until reduced to a syrup than twoi fingers sweet an i tablespoons dry anda boil fatter this year. Nutty and ground together (1 find using in good : and » blanc, check for season- it over the pears white stems and delate wilh out any of the easiest fromage Pourj ^heJ g?5^0U/ a0d empty .peppermill is zest from . over the pork. with strips of 1 pour garnish greenery,. Whidi wW* stringy fibres them). Add a ing and j a ^ irritatingly way to grind em the as Apples and pears “ t second lemon. ideal for semig often find in celery. pinch of soft .brown the so generous fruit just now. Tight.. of apple1 for 30 lj est choice -of Uieir own jg-Waldorf Salad (slivere sugar, toss and leave aux h mayon*1 of French apple tart, Tarte menus: leeks Vinaigrette -jSf celeriac in a thin minutes. Heat a tablespoon Two suggested tifcS-'pad the a la bordafue and Tarte oil.’ When smoking add poires im olive are lovely Remoulade of celeriac for success like over brisk beat des demoiselles taiin : secrets eeierlac I ! cook i think the. R^moulade of pork and when croutons ed Pour on only practical I think Afella with fried bread wbolanot <^PP - i browned all over. but better. For until to meringue a Sfi e4 enough time mincemeat : rather bS: hardbotled egg very dry cider mixed with you've got Apple VIVVl steaming- iHpound one small 5 i pint juice and & the _fruit decoratively. and powder CarefuUy; i tablespoon lemon arrange them, to a fine is reaii> 1 water plus mincemeat meringue vinaigrette a Toeuf so ttiey . lightly beaten tablespoons boiling Apple Leeks " still warm nrichetf blMd f lnt0 pretty egg ^ 1 chicken stock effortless and pimentos with PORTO jra soft boiled yolk. Gradually beat m half a crushed relatively Pork and the raw egg bubbles party. For musterd.!• back as it for a dinner noodles French cube. Stand \ enough buttered vinaigrette. iiy twb teaspoons PORT \ 1 pflUa little anu1 lbs cooking ®*^ is r heat a people, stew It pears Frovencale tablespoons tarragon vinegar U p, then reduce six Cinnamon honey S^) '. Leeks ii : 4 oz -THEVISCOUNT Stea^ cook, stirring occasion-‘ in I oz -butter with i«ore colourful ltt]e Mlt and fresh 7 leave to anoles oSd and - fl a , by .which lemon and g abpve- rncorporateJe ajiy, for 15-18 minutes sugar, the zest of a the leeks -as grbund white Pepper. j •:is osTurteir sh) ^^tomatoesatoe g drop andd meat should be cooked3 te3spoon..cmammon .powder in IdistinctwA (home-grown Engli oil drop h, time the i 1 ^ liquid have2 t- the tablespoons yoghurt through and a covered pan. in ^as^w-jssa Jtir in 3 beat the fbrlOy&ars celenac and6 considerably. quite tender, ' n reduced When ' 1 lbs i . about f. tw Pebl Wi -weird w , the sauce. to a Pnree and stir in 4 m coarsely grate it into teaspoons lightly-v fruit ' Add 2 - os -'. PfiCOUCE Of PORTUGAL • wamut^ mixed fruLt and ip; ' -A ozs chopped seeds andd dried ji . Stir in 2 crushed coriander A Oft- and hazelnuts. Divide between ;'; -?'*HIPWD a BY CROFT a serving dish stirring con-i- shells BOTTLED Jr , pili onto and cook, some salt dishes, tap NOVA DE G«A with a few walnut minutes& six individual souffle VILA garnish tinuously, for a -few 2 Ig: from ... vary this dish meringue made iotiud re ratnWAt can . becomes a with : halves. You while the liquid castor >'Nur^vdy -v| using h large egg whites and 4 lb :jtnd keep eosts down by sauce. Sprinkle with syrupv .1 tad i h carrots, and babe for 2 hours at ;'Ayaitsblcrf rVnj the lmlf celeriac and half coriander leaves orir sugar, created chopped warm ::5I0fes'or for. fuJI'dclailS'VjK 1^: weather F. gas-mark \. Serve makes good cold before serving. 250 Thpmaj'We^tt.' , “Pork parsley just L, of .the \V- vofd •( casserole cold with thin pouring cream, country * nr . plea se; -,v n tc to v West ra’o 1 : food. Pork and plmenios uses apple mmce- 9 with onions, cook- incidentally, the .• (blade of pork and looks rather Ropn GREAT YEAR hint of coriander again ingredients make a 1967 WILL BE A ing apples, cider and a ro™ m eat elegant For six, trim fat *. pudding or flakv - dish. Pork for a suet DEM A GLASS-LIC/ilTED:' v. Theway /. Is a cheering inch•h filling Jj ’juniper) pork fillet, cut into -i want PARTIES. with li ib topped pie when you \Z,.L. 2 3 3. H J nt/ N A R 0 £ W, DINNER ^N - pork 3 -of pastrt' FOR (belly -n / towe.u>kin— pudding fiat between r y/ in slices and beat substantial famtlv aisn £ci-N 8of- prunes steamed st more thewood. r • thyme and paper. Dust a Port aged ten years in greaseproof 1-;:, . Tawny suede Vat]^‘ of pears is - :'>OV^65 081 .. iJtccp makes a sheets Cinnamon honey '•I Ty Croft Disiincncn. good suetcrust oastry > coriander seen,d ' ' with 4 teaspoons dish and ’ family meal. another simple but good j substantial teaspoon black peppercornsas nEPT. M.O. .... marvellously com- and 1 WC2H 00G ^ '--Afeifa is 4?»i Sl'tAND. LONDON j Ol 33G S j — — . I f “. situated in this peaceful . small village which is some Two . miles., from Callingtou and eight m3.es town versus from Launceston.- Thfi,viflageV is unspoilt ’ And Yftab property, which '& well screened- - by mature trees'- .and shrubs, , there are pleasant views. to the . HilL'.-gly- country south towards Kit : mouth, via the Tajrar' Bridge, Saltash, is- about 712 iiiiles BY JOE RENNISON at , distant and the house is appraX^. : THE COUNTRY is all very well children grow strong, cider on mately mid-way betweenDajf- .- as some kind of which to get tiddly in moor and Bodmin Moor, jjod . dreamy ideal the ' put forward by the media men nicest possible way and still be within easy reach South; - as the hideaway where in touch with civilisation. Take Cornish Coast . and the weli-- known sailing centre- of . Ply- man can brush off all the ills the following. Acacia, fig and . } \.vy that flesh is heir to. Here all is wisteria arc just- some of the mouth Sound.' peace and calm, the birds prolific greenery that provides Village shop/and ^Post Office.’ twitter, the cows moo and evexy- number 39 Circus Road with its are in Stoke Clinisland (one'.of .! one says "Aarr" aad greets any unusually rural setting in St the oldest Post Offices in the kind of situation with over- Johns Wood. The house was the country) but all other facilities * whelming geniality'. home of the late,. eminent cancer are available in Callingtoh, and’ " '"• But it’s not all it's cracked surgeon. Arthur. Dixon Wright Launceston. .. up to be. The horrors oF the and. is now offered for sale by Number 39, Circus Road, St. Johns Wood, London. N.W.8. For those who still perslst-ih/ The Beedlngs, Gay Street, Pulborough. countryside am more numerous the executors of his estate, style residence is m a delightful a posiUra and more loathesome than any- Dating from the the 3 reception rooms, a 52 foot long other although this 'can mean castle in the shapeof on h 1820s south and h^pYoplTlX? "IS> and situation, faang ~ ground, has bedrooms and 2 that everyone knows everyone rural j * " * turreted towers sup thing urban man can expect to house was one of the first to be Court Room, 4 ing could do. *.v.- square, has guilty secrets. ’. standing in 1.5 acres of land is stone panoramic^ vlevra over tbe encounter. The noise, for in- Circus bathrooms. There is a 3-bed- else’s With castellated parapets, , built in Road. Later addi- rnctafr itit is oirenoften -saidsaxa thatxnur -AhAn a ; rounding countryside. ground- The: Truro office of Stratton to windows and many stance, is outrageous. City tions have 'been built on to" toe roomed fiat and also a bedroom, and Holborow with the PJy- mg large stable blocks or in two up to;20 inches Also Tor sale is the Co dwellers may complain about house but it has retained its floor flat with one ’5§t‘bfttie walls are i^asue ana ’-- aST'-tt?now in* which mouth office^of Body Son^ and lots. Botn house and the Hoase. set in the grounds of the noise of the jets landing and original design and is listed There are 2 office suites tiiick. ’ ' ‘ ‘ “ " taking off from Castle,. Planning consent/ to convert port. This is nothing been obtained t building into a five-bedrooh in the countryside. Since mill- replaced with neo Georgian tary aeroplanes are wont to fall styles. out of the sky rather more fre- The property heeds consider quently than their civilian a Ki e modernisation but offers of about a sixth to *e auctions counterparts they axe. told to TutEfiS amount oi potS walled garden HTt ^ v^its great potential keep away From ^ is the South Downs. the .ties and - to create a most m^nt - practice over - ^S^Du^the -j. Offers over £25.900 for i the wide opep and individual house in this spaces. The is surrounded by a 'small freehold are invited for -i noise appalling very pleasant area.- There are at house turn of the century of local of £25,000 leasehold. ^ practice. Stoke Climsland. r«-i.Coach House.itm,w because they fiy so low. The community where help is at and occupies a very present 8 bedrooms, 3 bath- pleasantly stone quarried on tbe property, • The Beedings each This impressive' Georgian The house is / sight of countrymen falling flat .rooms and 4 reception rooms. hand and everyone knows on their faces or jumping into An arched loggia faces south every ditches few seconds at the and a treliiscd canopied terrace sound of the jet scream is not surrounds the gallery room and ' also the 1977 figures wito interest T pretty. The varieties used are „ main reception. .There is over in moment, especially for can Then there are those latest and best available jjjjf an acre 0f established gav- unobtain- tions; seems propitious w! blasted insects and mrds that Europe of a standard den W1jij t rees to provide total some .difficulties appearing insist GTaMehins adventure from seedsmen- in Britain, on creating the most Italian able in the summer months. An privacy tell: the Colombian supply will dreadful racket at what in these Covent Garden salesmen invited for the 16- ' Offers are . for has: dominated the market i days would be called unsocial year lease through Chestertons, fine arched roof like a billowing that Italian hours. Boredom is an endemic gyjjRY VISITOR to Italy jour- is rich and easily worked, the h , St d ida Vale Office and the Eyre white sail but the new market lovely. were disease, jobs usually farader to SOu^war^^from^Genoa dilute is iild ud«oinb£ and SriS™ limited! ? ^d it £ffi::^« EstateJ£ has indicated that a new futuristic design, its high standard we have com^ft) • — : — or p]or8nce flmst have tbe water supply virtually inex- is almost in Relieve that this can with ..their much, short come by and the expensive tQ worid t0 S4-year lease ,is available. .vast subter- unimpeded nine acre selling expect in the commercial - distance - for .transport a) motor car is a must if one is to observed the sudden eruption of baustible from contj nue for j 0ng once flowers Pescia itself floor covered ^by ^ could not have been more. absence of any duty aft be able to get to the local pub The other way round, of glasshouses and extensive plan* ranean reserves. r(>f tte Tuscan quality begin to on steel cables £ro™.12 •- course, is to have a town house in belt be- seems an unlikely* piace for a pended wrong. British homes. January . 1, 1978, under El dangerous way of satisfying shelters the coastal . generate into steel towers which Gladioli could needs. in a rather small town. Here hind the stiver beaches and modern economic miracle; an slender varieties I saw grown are full of thrilling regulations,. I two overwhelming Gerberas • wind- already shoot 40 metres into the good line, too, now that Sotr Then there is the question of again the pros and cons of luxury hotels of the Virsiiian ancient town with narrow, were the !atest colour a and dominate the little town loneliness: neighbours might country versus town cancel each Riviera in the area of Viareggio. ing streets, peeling yet still sky estivation the nlost'and are worthy companions for African growers seem to ha- work- when one looks down on it from - Juid our prindp well be raanv miles away and other out and make for a very They are an impressive .sight, lovely buildings and little modgrn ^ sophisticated. Ca^ the delightful thread petaDed lost interest surrounding hills. one can peep the • out-of-season supplies, con if one falls ill there could be acceptable compromise. Deepest filled with- gay carnations, shops into which nations, tbe largest flower chrysanthemums which a few craftsmen plying -Israel Brazil. serious consequences. And sheer Devon gives an example. The gladioli, irises, chrysanthemums and observe The need for this vast new in were all being'in- years ago were also considered from and ~ ~ ^ ' ' “ ‘ w “ “ *-- J *- frustration have a cameras large, of a commercial and the for the freehold. and nerve centre of this re la- but a few new and fairiy a centre for interna- he and my bet is ffiming become multiphring^Tfast that'^r^a^ebrysant mums JJJJf in BriS relief and This is an elegant, well pro- tively new Tuscan flower in- But the two modern buildings exporters. These will soon be proved owner sighing with tional flower no timp for them to become ia- that they T .^r^ ripHuhtM with the rani of mellow red dustiy is 40 kms to the east at whidi catch the eye as one gerberas. " switching on the telly to enjoy portioned house most supplies not only i wrong about the . draw ^ejf fectec virweps from older pffin>nt evaluation - f in a valley enclosed south are more concrete delights of brick under a hipped gable Pescia so enters Pescia from the local growers but from : Tuscan flowers have already the from the nnrf „ off nlantt Meristmhristem. < species has been mad * *“*" — - ‘ pans “ p . _ whidi something like Streets of slated roof with dormer win- by foothills of the Central the “The in a matter of three or foa San Francisco." daws and is listed Grade n of Appennines and so unrelated years. This has resulted i house architectural and historic tourism that it would it be easy _ _ The ideal must be a Eucalyptus dnerea becomin allows the owner tn pre- importance, tt was used for a to pass close to it on the busy pan’d, the other still under con- entr here in near which rest a byJ ’air or'road, there SSIrntTln considerable ^ y the front runner for. beaut} All highway and yet remain en- to - - ^ - - accouats m mea- tend that he is amidst the while as a Police Station and a struction and be suppliers of country butter. Magistrate s Court. tirely unaware of its existence, at enormous cost some *’ gnney cream, wheat to nuke the The accommodation comprises The alluvial soil of the valley year. The “old market It to meet tbe growers was j was even more aStonlshed -414.400 kilos to Switzerland^ of and of and exporters Pescia t0 disc0ver ^erlstqtn not a single bloom_ went -to ^ quantity, wnei 10-71: S-SriflSSconsiderable the flower rtwinerafive 1„,._ i i. ^ the thrivinuthriving flower co-operative technique— was being— applied to Britain. In 1975 thetv- German it comes to plantsmanship > COUNTRY PROPERTY: on the coast at Viareggio, and loveliest slightly. ESTATE AND FARMS: LONDON AND gerberas so that these figure / had only M - mthinv to see for myself the new of South African daisies, usually increased, the Swiss took Tuscan flower industry, that I LAND FOR SALE: INVESTMENTS grown in mixed colours from 670,000 kilos and we appeared al OVERSEAS PROPERTY: visited tbe area last week. I seed, can be propagated in on the statistics for the first enterprise highly stimulatingqSSiJ was astonished and delighted by clones, each exclusively of one time with\;a miserable 5.500 L what was revealed. For some colour and with Uniformity of kilos. Last year, that jumped to ; . . ^d+ihid ur, 1 vire ' v AnTnUn . rtcLLYtr reason I had acquired the idea ,. 7- flower quality . and stem length. 70,200 kilos'-and I await the FIFTY OFFICES LINCOLNSHIRE WOLDS Market Ras’en 7 miles Grim/by 12 mile* IN THE SOUTH AND WEST ’ An important agricultural investment at- ^ NORTH HARRPSHIRE DOWNLAND THORESWAY with panoramic views over the potters position modern on aulstcnJint Two Occupying being one well-equipped farm of 662 acres subject to tenancy Hampshire countryside FOR SALE PRIVATELY OPENING this Monday at the highly Apply:— developed decorative Casson Gallery in London is an se'nw which so distinguished his JAS. MARTIN & CO. exhibition of the work of two early ^ work. Tor the main part of the most important modern the - pieces Chartered Surveyors, Land Agents & Valuers are bowls,- with-:.* studio potters in Europe to-day. wide variety of -.brush decora- Bank Street, Lincoln LN2 IDS Tel: Lincoln (0522 ) 27205 8 By. an ironic twist of ceramic ’ tion. . Some . return to themes history they are the leading -familiar to those who have representatives 1 FRENCH RIVIERA of the two followed Hammond** .- work, ANTIBES streams of intellectual thought while others explore new Ideas, Modem ffurarehJd) lUff bedmow*. to have dominated the art of the some .tentatively, others with Itv.nj room, tul-/ ceU'PPed k'Kh.fl. PRIME BUILDING SITE potter in «KV, England in this cen- absolute confidence. -There are |jrit baronies, jrd Soor. V.J 1.98 1 ACRES qtiCl. clo»e tii Jhop*. tury. alsa SWAINES HILL MANOR, NR. ALTON iwimm-n: pos . some tall vases of mei-ping Fn -M2.300 Born in 1911, David Leach is form A Luxuriously appointed Residence enjoying complete Seclusion O.P.P. 29 Units with superb' vertical LORRAINE AGENCE ~ eldest of Accommodation includes 6 bedrooms and- 4 bathrooms in suites. Central Position the son Bernard Leach, decoration -of grasses and 43. Bouic»i-d Albc'C le.--C4 r '*' Fine suite cf reception rooms. Mature kitchen and domestic offices. and like his father's other great flowers. ' ;• : . ANTISES. FRANCE Close Station Full central hearing. 6 cars. Stable. Mature gardens. 24.44.b8 pupils Norah Braden. Michael Garaging Tel. 1*3; — Hammond aftttj admits ' tiiat Covered swimming poof. Tennis courts. Cardew. Katherine „ £135*000 Plcydclt- some yeits of producing Agricultural unit with modern farm buildings including covered r ' Bouvcne—he has managed to little, FRANCE Stoneware pottery; ’he" is havinr^l yard and com drier. 4 cottages and arable farmland in all almost Rowland Gorringe & Co* bowl by Henry Hammond, 1977 SALt — CAIvWES — SO"., beiow develop his own style uT work, FOR feel, his way .tbfe list prue 42. High St.. Lindlield, -back into llfl*-: 270 ACRES aajr-.mcnr. although it lias of form perhaps taken the application : CamDanv owned Fcninousc and of mood's .quoted statement, is. nf.of a • comoris. Haywards Heath. Smsev productive potter Soineitfir ^ Freehold For Sale by Auction 23 November 1977 in two lots oi IIS sq.m on waters" CWC him longer to break away from an harmonious decuralion, ,ns hail- 'cccp'.itn l.itclten. a bed- Telephone: Lmdfitld 3060 wa>, course, ’dose to Bernard Leach’s the pieces, demonstrate 4 St. Georges Street. Winchester. (0962) 62121 Swtnrcoms. torraCM and a Apply: TeL rooms 2 2 the rigid disciplines of his the creator of an art no less roal qarden o: 230 sa.m o l'; ; : ^ . ' • . . . i I ;. i — ' L1 , Vf>^' Y «fcJ9K:6RS! <& (Silbert White The Queen of Spadesi All stations West : ' : - - ^T ’"“.y ' yTy,- . BY ANTHONY CURTIS .y BY ELIZABETH FORBES 1 Ten years npo Radio Leicester 'IVr.-'-.iir-'ft-PW in other the • 5^7^*r^3T3 Welsh National Opera's style: words they nojbcsan broadca stine. it was >f.r- •*' attack new production of The (?ueen 0 longer Chathovsky i hesinnint! of local radio in .rv^®v.:. / as if ho tmfcc •>«*? *:.:• Spades, directed by David were Mussorgsky. : Britain, a movement championed ”. i William, did not have a par- The second i-au.si? for dis-’hy a hand or cnihusiasts in the ticuJarJy auspicious oppning in appointment has vanished as! face of considerable opposition ; ; y Cardiff last September. Not only well. Tf The Queen of Simdcs has ; from both within and without the was critical opinion generally un- no irresistible heroine — Lisa's i^-RC. There are now “JO local •IT fL. “'"*?*£: _ did ',V* favourable, but a feelinj of dlt- character is too negative for her radio stations operated by the j tint- appointment that potentially in various parts of tbe Saj^iW* a io qualify — the opera h:«s, in I BBC wrtasf -but? fine work should make such Herman, a hem who. though not country. The heads of several rdl-AOv^Ujiwft^w^^nllag§ comparatively little effect a i,.i per- very syrapalhetii-. can and should I of these stations attended - to j* vaded the notices. This dis- act as the ventral identification ! lunch at Broadcastint; House fop appointment. I think, has two Though earlier this to mark the | figure. tenors with both I week ®BISV major causes: The Queen of the lyrical tone and the heroic first decade of their existence to mm Spades, unlike Chaikovsky's other writers about power that thc role requires are which I and Operatic masterpiece, Eugene pi&j&rik ffi'.NaB&fSL' exceedingly rare, the WNO has I radio were invited. fa Onegin, does not yield its inner found one- Ariev Reece. titei We were left in no doubt as slyfcVJp*pTS# meaning quickly or painlessly to Texan tenor who sang at to the streacth of tbe commit- !5®d the performer; and. again in Wexford four .\earx ago* in-ment which Mr. Howard Newby, mm contrast to Eupettc Onegin. the Prokofiev’s The Gambler, makes! Managing Director BBC Radio. of If later work has no sympathetic a splendid Herman. He [feels towards the concept mm character with whom audiences encompasses the vocal demands local radio. Mr. N'ewby bleached can identify as they identify with of the role wuh ease — .so easily when t suggested that it was a j Tatiana. that one is in danger of for- pity the whole thing bad to getting how femcious those operate on such a shoe-string demands in fact are. budget. “ This is not a shoe-string At present the iop nf his voice operation he said firmly. He ix stronger than the lower was implacably opposed to the register, bin there is no per- idea of permitting BBC local fe ; 1^5 gj8gBKgi-V;1 ceptible break and the lone radio stations to finance tbem- j wl|jjp*i.*:f. A new conductor and two new remains perfectly focused over selves by carrying local advert is- v J j , ’•* * . nJpooks, we :nvay’;see:hiim-.;at j . '/ ’ principals provided the excuse whole runic*. he see any hope of _ _ ^ ?-~\v 3’ ‘/’‘j* I the In the circum-circum* ing: nor did N:*»" Urtlm^tely- aiicL-. Timothy West -''Hi:' ungelf- yv*' bSe^V'-V for a second visit to the produc- stances wc haw to take Mr. isia re-introductionre-inrrodiiviicin of the licence i~ ttUHOtoS: ejver -"euriOUS,; ***-•:. ' arlingins for radio. Where ever /tWkV V 0gK5j£.'£:.'s9SjCr'^-'*“*Vt tion the Leeds Grand Theatre.Theatre, ReecesReece's an ability on trust.trust, i fee specifically at j : 'CtUatiiig A to l r CD . the:-; natural :'v buthut bis improveimpressive statui-e—stature bebe- ! then are we to get the money .^ ? . longerj 0flfi Cr disappoints, — V wbwhich no hourly run-down of these but Gibson Cowan, adapted for radio within -7 -• ’• towers a head above everyone!everyone expand this service? T ' i Repetition has removed the first j also some salutary culinary warn- by Anthony Jacobs. It is a late cause; Anthony Hose, who now else on stage-combinedstage—combined with)withj » Jr" .2k& ings about the bacteriological work, set in 1917, and like all mmd *-ofV.»- naftiralist of ••*.•• */.. per-. * exceptionally clear diction, lend?lends , ? . \.y conducts, strongly conveyseonvevs bis j •' hazards in halt-cooked meat; Gorky's plays it has a huge cast., pohderingvendlessly *. •* the .* :**»• score, sufficient dramatic weight to his!his J . V.^t; - own affinity with the score, but ^Nstery 3k.‘ 3 "i these came during a London- all of whom attend the dying of mtgwttpp, seeing m ~ ' ? interpretation. As Lisa.LI**.. SuzanneSuzanne, r,- r£af-»‘ Vi also benefits from the experience urienteri - morning talk pro- landowner enacted by West. commoir. wUhjw.vwMn the - .• '•». .' Murphy reflect* tl*'the strengths and •V f s*£cw? The - , . ^ of his predecessor. David Lloyd j ' ‘ ~ * ““ ' less in '' 1 •"*?. m Mr ,r ™""" 1 " r l( gramme. Imisternus tone most memorable is r • a cminpeier distinct . species, of. chifif- . ' . . ^rr : olavers weaknesses inherent in the .. . . . JonesJones. The players of the Welsh , . firi . 11 * 1!ini, than Radio -J's, and just as pro- who ?tCi Wl to arM T White’s path. claims he can cure the sick * . .GiRHtft The Wakes character. She lookilookx attractiveittractive. .« .* ? Pbilharmonia have absorbed “ ..!£ ^SiiriSSlf^2h i T “•••' causeJ* ““fit is dudoingJj a useful ]job:J fessional. man by playing his instrument, | th® ;••• -..• Chaikovsky’s melodic idiom into and pulls nut some bright, ring- . ."]^ !-SS -’ oia dl ° a, ” l0 trve S At 9 o’clock the station turned a natural for radio. ‘ swifts ' * :s ^ •Ucj.-.w of ro'fftght And-- . : .. ... upper notes phras- ! jr** . . _, , . their bloodstream while the ing hut her f Utes^from.Bhep- These drawings are surprising, its attention to uLC matters with uoaffecteddelight be took tot«rcrt...^e chorale singera have grasped not log is aunty and’ her enunciation There were many weird noise* j mun,tSSJl”!!.anQ In thc long-terminn^lm°?e'as half-un-hour of extracts from the - . these-' things, s heard.-Walwyn ,<.Thft. . Gilbert and very beautiful, obsessively r . ^* ^r- the simple nl h nhvinii« difference Door Fnr th' fiml aria sh" find^ , off heard during Inside the Totcer -, * to define that Council in session, follow-up t.T-ristiati pleasure; per^-Whito' Museum Edition, pub- detailed topographical records I Mr- Newby puts H remains ? e e th Italian and Russian ? firmness hi‘Vrto a»*kine hyt (Radio 3, October 31). composed ** ' £9.95) that, or not. l nmmuDh-v in i,s relationship interviews with its members, aDd ,ps his ;^sbed on. November,. JO at whether knowingly 1 most endearine quaSty; c h , but also the more subtle by iheif'a;then, a? for poor Lisa'Lisa, it is in a rudiophonic workshop by l:-e ^oll-producet ^stantial call to mind the pre-Raphaelitcs. with other communities and with investigations of controversial wSis 'one book. Tbe ^ .-a Sn?tio«vanalJOtt> MlwnwiSin ^thee Russia^ totoo° I-iefit?’late. Malcolm Clarke, as a background SaS “ , ’ >•.. : chiefly such artists Brett and the nation as a whole.” If the points raised. One really docs ;,?Btory hf .Selhoraefc^ftreSS-anti, handsome^ volume., as to Richard Holmes's programme rhus defined pi have a sens*' of ‘•community '"":ak in the' hlstoi^'of pdljlishH TemarJuble for iti: illustrations, Hughes; and in their almost in- aims sound and about Gerard de Nerval (West nebulous Ihere is nothing either radio” in Radio London that I running ten ; drawings "of the- parish, and visible delicacy, without in any ^T»J . through' /fnniuaer* ^ ^ ^ L again I. The poet's dream life was ' lie Wbite : himself would sense suggesting his derange- nebulous or pious about the pro* imagine it shares with other editions- antf'-liraslationvyiews that Theatres/ n&QTw&S thisl ftIS weekW'tLri superimposed upon bis real ex- - grammes out. local station >. 9.30 the . recognise;..:.'., by ment, they recall drawings these stations put At about \ yre so indeed -IbaP 'anything doubtless the istence until the two became in- station becomes directed to a distinguishable. largely female audience, though Finally. West-appeared in Com- In these days of unemployment bined Subjects by Yvonne Mallet unsocial working-hours the and (Radio 3. November 1) a Drama mid-morning male audience is Now contribution in which a pro- 1 JnS respwndJn " ronipU v growing considerably. BUSH—Writer Cramp. Hilarious P - fessor's attachment to one of his cure ersf,n EUon„n l0 ns hmva,>' ?T l P “. fully to an cmcrgenc;.. 1 imagine Apart from local radio this documentarv life of an imaginary ; : ? students lAnna Calder-Marsball) P ,ttt werc probab [y wnen that there must have been a lot has been a good week fnr the S?SttUb writer Opened Tuesda?. , is communicated in the listener **^s Lh ' l )ln °«t the piano ™f Z f people who are I marked, BY CAROLE KORZENICWSKY SOHO POLY—Aphasia. Interest- 0 usually regular actor Timothy West solely through Ihc letters he and ’ n rlu,,s * ,ke lh at a speech-disorder - Radin 4 listeners at breakfast but three network programmes, two she write to one another and* ing mvstcrv , ^ 5 C®uot^’ Uub ,n Hampstead who turned this week to BBC plays and a dramatised feature, To olhers. Lei unit “Lunchtime. Opened' r ' Tues- . u ling the reader' -~ ” 1I first, vocabulary with surprises at each turn of o,.. when just about, saw him I Radio London to find out which 1 wanted to hear particularly; guess what goes between -there. wert' Americas h^re expanded dris paiiitioa Jjay** on the “any years ago. In trie future were the hign-ri-k - W -week: wha wbndenad' Mdio from the' American. Sagr- targets, the road. LYRIO Filumena’ Events sur- areas for the he played the leading part in lines of a correspondence is an ' W,H records. ..iaper Johns .. there TMJr na and numheES Uhsrjipcketed his “.* Hc^ is day and what effect rhe discon- all three. One was the Monday old trick beloved of novelists; was in i960 Johns' fascination with rounding thc marriage of * 1 ' “ But he has xo Perform -^ain some day nections vvre having upon Gnrky’s hger-bedOUbL Tbe'hunahalloo career jn tbe-1350s.-' techni graphics. ; iifyorCvegot fine stmrtpgt , One halfpennyworth of plot to (Msim. an intolerable deal of background Stanley Gibboftg .;^. - ; depicting life in a factory where (01)8399060 sex and football are the workers’ would like to hear from you . Thursday. ' * interests. Opened ’ - sole V ^ --- % u- "L S3 ipATRE ROYAL BRISTOL- .4rie!?tea hewsTtiine to tl23? of Printing the book himself at the £**!£*? SW1Y6QT. CHRISHART . ^fr %&e T in Pans, between a deSs£Sdepressed 'warjina Vhifney Show, if^ heria..the auls -inherent humour in this, like a Atelier Cronnnelynek j manic-depressive sidesman i show hangs In - - -act of several feature tength which gets* funnier in This small .. j0ke thanth Uflife. ' Articles in : .the New York Tuniw.-.iepetitioh. After having seen separate area at the Wbijwy. — exhibitions at the ewea FridSfnaay. -nd Jasper: Johns has appeared; several'’ canvases and -drawings There are also • - where ^*n— n the coveted cover of News- wixhwslighT variations on- tbe BeP Castelli Gallery, < r^ij ' Jqbns got hts rivt hi W5i and p super .artist • •eek, hilled as •_ ^ nfotif of a target, one is suddenly EltOIl ; tnc tUYOl *." *t the Getler-Pall Gallery, 'H'jS •'Hearty£/learly Jasper Johns- ls news. fa r3»d with a drawinc of a target. . graphics seem to be selling well ON THE SURFACE tbe idea of Aaow^.york-TMM^.^*^Vflrt isnifle vesa buliseyeu nno a bull’s eye.y EXPERIENCE AND EXPERTISE 317 W . stage ^SS’ at iliihvl[kta Elion John giving up e ^ l' ^^P P ihe wood Jasper Johns Relrospec- appearances is like Morecambe —!rcks Pe^feresS^Shvai^DU- which .fThe S ui Whitney relinquishing Wise and Crepe three the asilv his - tiae if poguigy dangles uB a string casting ttee Exhibition V Art doing without Suzette He has shadow repetitions of itself. But 'Museum of American was 0,0oloiirs his wwuyliishly teirtured . s£t^‘&UJ,. 9 . . wallow in an t -h-j,.,.-. „**c*hlA hr/ rhe National l always seemed to Stanley Gibbons Ilili is the world’s greatest -r. V i name in stamps. They are constant ly searching for thc Strains of an old violin best, -whether individual stamps, collections, or old envelopes EJplWliiui .UiiJdle Kuiydom /nifiicu liipriopoIrtTMti*. If have any at" these .md want tuscl! them, phone you Sole. Nuveinbcr 17 . Thuradan. exceptional importance included dealer George Hart to another c. ISOri H t.‘ 9 in long. Stanley Gibbons Buying Department nyiv on *3b 8444 and '230 p.m. and Friday. November IS. •iTvSothebys sale ot fine musical eminent Victorian, Joseph Gil- at 10.30 u.m Ext. 325. Or write giving details, to the address below. at 11 run. instruments on November 17. iott. the steel pen king, whose .-•The founder of the Guarnen collection—one of tbe finest pri- To convey un impression of thc marshy pools of the Nile J fanrily tradition was Andreas, vate accumulations of violins which were thf hippo’s home, the oncii-nt Egyptians 'Public mind^'.with '-hig." busipegs, >Vi worked alongside Antonius over formed—was in part dis- decorated the >ides of the faience reproductions with ; Who • rhe great price explasioa for- ; Stradivari in the workshop of persed at Christies in 1872. At representations of the aquatic plants that grew there and -quality instrupieDts; began In (fcAflBorimrr Ni^olo Amati. Andreas had a that time the Guarneri made ?ven of the birds and butterflies that llutu-red aroonc >• 4he Stradjyarhri' BHHhiOuWv 1971 when : . illustrated with the /fY ' TEL 8444 them. The animal above is adorned ' pon' Giuseppe, who had a son only second price of £275, the 01836 r enown charmingly as the- Lady. buds of the lulus, and those full open (lower# that Air. Cyril price of going to the "IKetrof “of Venice:” Another top £290 “ Blunt was sold by. Sothdhys.for .* Aldred has described elsewhere as applied like a prize- ‘ *• Emperor “ Stradivarius of ; Giovanni, ;the . son" of Andreas, Pietro . *84,(WO. alnwst four times winniog rosette lu the expanse of Jus rump.' Above tbe ^ his 1715. price- V.' '.** 'setiled in Mantua: one of shoulder at (he t*en ire of thc back there hovers a rresled -arevious record - ... .' 74th AUCTION 'StSE';: • rastruments also figures in the The purchaser was the Earl bird in profile to the left but with outspread wings. A The sazoe^ear * V 18th and I9th November 1977 Lhennolumineseeiiee test conducted at Oxford gives a dale ;'sak£*.‘ of Dunmore, on whose death it was of between 4S5<» and 3060 years ago for the last firing of The greatest Guarheri . passed to John Adam (of the COLLECTION FRIEDHELM KANIEL lhe figure, which accords well with the presumed dale of compare*. •’ . ^ Andreas’s nephew Giuseppe. ”ex-Adam”). It then travelled . tSs wouW noVseetn, FORMERLY P. VAUTIER. TOKYO about 1900 B.C. Jfoown from tlie IHS marked on from collection to collection -lively/such an impressive pricer / for The hippo was a sacred fund animal in p re* hist uric Em' pi, labels as “Giuseppe del half centuiy. until ant for-tbe Dgcuiiar>jiistory of ;bfs, a it returned EAST ASLAN ART but by the < tld Kingdom it was hunted soMy for sport, '•• of it • ' .Ge$u,” who was the maker to the concert platform, after vividly illustrated by reliefs in tomb chapels at Sakkara. . was the instrument In 3951 , JAPANESE AND CHINESE TEA CERAMICS -theUnstrument which appears as being bought by the In spite snddess Tuuerel. i»rnu-ciii*ss of women ^in a car -thM -was swept out to ; Hungarian nf this the sale, as in represented by the Middle Kingdom as a flood, j' : LM 137 in Sotheby’s violinist and conductor, Ferenc NETSUKES childbirth, is ..sea hi ..a S^alif orrnan flash - * w^l as of the "ex-Adam” violin Hegedus, who died -in 1944. pregnant hippopotamus standini upright with Lhe tail ol a - long -is the..arm of cornci- . So ORIENTAL CARPETS Il must have been sofa May. crocodile and the hind legs of a lion. - that it was- in . dence. hirtvever, .= Violin sales tend to be very ration of faience ,, devotion to her cull that led to the prolife C?,’Wliile Stradivari did much of on view: 12th-I7th November 1977 (except Sunday) ^picked up the foHqwing day on democratic: there are more than statues of the animal at thc time, hui surety the ancient ^ the commission of the beach, .more or less dis- bis .work to a hundred stringed instruments Catalogue on request Egyptian with bis splendid sense of rhe ridiculous must also who often . clients of the beast, '.integmed mid much the worse' aristocratic in this one, whose prices will have been inspired by (he annde-luviun bulk ;.bo.ught and preserved his in- or why would he have portrayed the wrinkles oeneatli its for wear after its oiglit in the - range from less than £100 for a KUNSTHAUS AM MUSEUM c-f struments works of art neck so lovinulj '.* Fnr further information on sales brine, by tile, conductor of the .1 ”« playable but anonymous modern please contact Hastings at the address Guarnen is generally regarded Antiquities, Mm. • When, sold, it violin to the four- and five- (and .Hollywood Bowl. . CAROLA VAN HAM instruments for above. . ' as a uiaker of ;,had been ’cpti^teiy,rebuilt . the Guarneri will probably make violins Drususgasse 1-5, D-5000 Kbln 1. Tel: 238137 performers. - Guarneri ."Stradi- '• six-) figure aristocrats. , .teDded to be overshadowed by varius instraniepts' have ' con- .1 Sotheby’s sale is on the after- . the sweet-toned instruments of tinned unabated:, in tbd' Sunimer j, noon of the 17th: and in the MARTTN GREGORY GALLERY " ; Stradivari and Amati, until , CROWN HOTEL HARROGATE CHRISTO’S “ RUNNING FENCE 1972 • •tiieVLorSr.' of, morning Phillips who have been . of Amherst ;*hibiooi . o> British (MgecWr the An , Paganini demonstrated triptych ol " Running Fence," numbered end with wme aiiwi*) artists working in Colleeton' edition. Colour photo longer than . . Hackney, r^rith a. cracked back selling violins any- Annual Autumn Exhibition photographer Bruce Launczcn and mounted on : f; riches' of their more robust signed by California amn/ edition ol 300 documents the ,•• one (since the eighteenth cen- p,ce» of actual nylon "Fence" Jnbric. Lunit.d and a ; ;ftr. ? - V' artists, CHINA tone. To this day many in 16" « 20" acrylic Kuliek* ; their regular 1976 most exciting art event, ready to hang - make^ vjntage years ( approxi- tury) have in the 1M> and I9fk Centuries. Jnd, by ANGUS RANDS authenticity signed former . ;r Yehudi Menuhin, Box Frame. Includes affidavit of by Sonomi among them etc, *• works oy Alexander Gunnery, realised . :Y*“-; V- monthly musical instruments County Planning Director. mately 176a*1725>, . V „ w violins. prefer Gnameri ?ih.2«d» NOVEMBER Jeuiils from: ' 13 incl. Further - November 5-November like ywcc'n-Y* 1 £32,000; two :-ygars; "titer the.- . . auction, where something cit : tn.l Guarne ;!vThe Sotheby instrument was Greek, 94598 USA. Thc G,Ilot£’ for sale. 34, Bury Street St. James's. S.W.t FENCEFANS, Box 3171. Walnut CA Corbett, .of 1706, made 162,000, -300 more strings are Daily 10-6 (Sundays 2-6) ;; England by Charles Tel. B7-S3* 3721 IfiQUIPlES r«/»T£D ; brought to OEiLER - the ;• Phillips* best item this month is In .April- tbis^ .year. . £ novelist less prolific Readc. the Victorian “ Greffuble ”/ of 1709' brought seem to. have been a comparatively modern violin, and author of The Cloister and Stradivari family, have in 1825 §170,000 - at Sotheby's Parke than, the made by Alexander . As a collector of - though the Hearth. which, been less ofteo tested, Despine of Turin who ranks just Bernet iu :jJew York, no doubt been . •violins he had ’ - oibebys Pressenda and - value, May ,l behind Joseph allowing; for « exchange on ^ w Gnar .affected by the great Paganini ’ oompaxejs Bltiab 'c^Adam Kocca among nineteenth century with the Lady -craze which had swept Europe, great £90.(X». This makers. Prices. . for.! .the other instrumentJJf J- nl ^-i -The violin passed via the who exceeded by an It's anybody's guess where Cremona : violin makers, .. the Guarneri will go. but Phillips know the destiny of at least a third of their instru- ments. A large part of the Royal Nava! College Chapel, Greenwich nation cheaper and middle price range Saleroom. regularly go to Japan, where Friday 18th November 1977 teaching music ' to children is collections. The Ing by Carl Spitzweg of a travel- among national so customary that on the Press Violin: r- successfully i , CHRISTIE'S has, a lbOMKOtury ler.. crossing a ravine made Govermnent ivories Include announcement of a birth, (be negotiated with the . the Virgto £16,00a (plus the 10 per rent the Byzantlpe bcip.tych of the .estate of Car* premium) to the German happy parents are bombarded on behalf of Child; two leaves from buyer's Harold Wemher to and PoJak. paid not with postal brochures for d 1 and P. late Sir book revere; and dealer Koch, 1 hi§ collection ot lingiatt scene in ensure that around. nw £9,000 for a street perambulators or birth control, accepted -ivory book ‘cover .of. -tA-MJa v medieval ivories be filngland, probably Amsterdam by ’Willem Koek- but with advertising for pianos, produced’.- in . - est Saturday November 5 1977-.; Financial Times SCOTLAND AND Wales devolution bills • Jjf Barnett urges Singer Revenue to look at to cut tax concessions Some changes spending curbs workers BY PETER RIDDELL, ECONOMICS CORRESPONDENT by 1,150 for self-employed is MR. JOEL BARNETT. Chief His speech reflects the pro- which he is By Ray Perman, Secretary to the Treasury, pose Is believed to BY MICHAEL 8LANDEN BY RAY PERMAN, SCOTTISH CORRESPONDENT yesterday gave the clearest have submitted to the Cabinet Scottish Correspondent growth of public spending public tor the Yesterday thethe Revenue outout- under' bis control , the indication by a member THE INLAND REVENUE is to seconasecond' cnnu* minor additions to the trade ss< er cen SINGER U.K. told employees ol THE GOVERNMEmrnVEBNMSKTS Some m of the Cabinet that growth °f onIT - P *- a >-ear ,n examine the possibilities of cx- lined some of the ways of ^ have in(Justry powera — mclnda, the at Us Clydebank factory yester- at devolution for real terms after 1978-79. Some the problem and attempt Scotland, regional incentives to indusmu! of public spending is likely to the spending Ministers want a faster be limited in the next few years, Tr j growth rate and the issue has He warned a, health authority ^ hw ... : still io be decided by the Cabinet. conference in Blackpool againstt Although Britain’s resources The company sain mac it using the Improvement in thee were growing fast, demands on Tb«, concessions in the 1977 {*&« economy as an excuse for a *fiUSM?irSL-C"™-*™ e«M ba £5SSr uidependeace.iSJSHL »W«JLS,!2‘«ach^ wd '.he Bighlpdi .ni'fflS them were growing even faster SSJ" HSiSSf WJS F1J“S : Ww. nnmher of ways, the some ^Development Board are massive spending spree. Hep redundancies m a retain Westminster control over..pension arrangements of to ticl to allow first sibk% but some ju r. Denis Healey to provide ^ j and we had for Revenue argued, but none of Important policy areas. • and a free hand and wfll be sMe toi dRtegdaep e of our would be inevitable. Employ- £rtra incentives for people in- -public bodies, fit® repayment huge debts, ceiling tor sn^Merm_ joiointo uzuuciogthinking *2L?thatcaai a S2SSmassive ; to from the possible schemes was Despite the influence of the rents. . ; nvpsfmenr inn industry and the meat is he reduced volved in what he called the over Uld be it was criticised the last- by the Asseromy and W° of energy 5.600 to 4.450. sharp end of exportin'* They entirely satisfactory and Liberals, who nrKfllMP development new by p Dl c b0 P tZZtr** There Is already a high level a n ow 25 per felt that the relief might need proposals for their grudging and ®^s;A Ur Bamett said ' a cent deduction .JVfnrp freedom "f »“rees' Scotiann. “I Government on Clyde- defensive tone, the Scotland Bill, - '.kid my ; . oF unemployment from earnings for duties per- to be more restricted In its colleagues not to put in great Then decisions would have to hank, which has recently P“bIisbeo yesterday, is framed - Assembly is also given Government Ministers formed overseas if the emplnyee application th3nappiiedPP to em- The new bids just yet. We have be made about allocations be- suffered from redundancies at a in the same spirit. -/ freedom over conduct of Its be able to insist that the S&3 j s workin abroad for at least 30 ; much more p? d peop ' e education, bousing, social ’ is to be able, executives follow made tbe mistake too often in tween Marathon Shipbuilders and vear .• It still begins with a clause -own business and tish nation davVin a ' 5£ pensions, It is for consideration the past spending money services, law and order , . . Bill itself how com- pa policy. No change is.mail of wc J.B.E. Offshore. L, . settj out what the does' for n „ , ng to decide y The Service ie Chancellor Has now asked the relief Assembly assumed we were going to earn, and defence. Health Hr. John McFadyen, Amal- . whether the scope of not do—affect tbe unity of the plaints of maladministration in t he way the is.-ti t £ venue to prepare a con- and wc have no intention of must be under no illusion that U| gamated Uniou of Engineering -hould be restricted to more United Kingdom—and is still should be handled. be financed- : -v? to fight for its share. °n a possible override still Scottish Assembly, doing that again." would have Workers’ convenor at the , substantial absences than in tbe wary of concessions which might Many powers to The tetin d thl u& r plantpJanL said that JFiheif the company cast ol an emplovee—say, to a encourage the belief, that toiv exist The Secretary of State are to be fixed lit fau^ye^ , 5 'V'' went ahead with the redundan- S2 t ced nd ^L , every it will be able to 4 days” the much power or responsibility was' has the duty to consider but <£§§9 ,? l minimum of“ 180 Schedulehcneauic the J ’ cies. the shop stewards’stewards' com- d—D—me self-employed i ‘IT-,. Assembly itself mid-term !-yby a tw L being devolved. : measure passed by tbethe rt mMsuree ure - Revenue commented. - ?“ ^ mittee wouldih recommend in-i„. and members of partnerships.oartnersh ns. rfS? thosethiuu. pte of members^momitfrc tnto: eoaffef xhe title “chief executive ami has a direct veto over v . dustrial action, — " Assembly to oe elected;^ British Rail likely to go possibly In- for the leader of tbe Scottish- he believes may conflict with new cluding a strike. obliga- the remainder of toe tBHn.j;3 1 a j 1 Assembly has been dropped after Britain’s international election. criticism that it put Um oaa tfons. The method of to iaj VarlPV nrPflBPr^ rmflP . Ref Surprised VarleyIV T predictsVwlV' trade11 AUV par with local government He can also prevent the Assembly is *-ot spelt out mjfc ahead with fare rises which the GovertiHient% . -.- taking actions Bill- But “ We were aware of the n officials. Assembly But in an effort to avoid the thinks might affect a reserved said that it will aUow a.'fti BY ELINOR GOODMAN AND IAN HARGREAYES shortfall in orders, but we are CliraailC llDYi VPlir he surplusDill JLrJ.Uud UCJ&l' yearV<4.1. term “Scottish ftime Minister,*’ or compel it to take vole on this- Issue. Liberate^ surprised at the extent of the next j matter, BRITISH RAIL is JikeJy to go 12.5 per cent, this January, Eastern European-sounding in this case. Parliament others wiiF propose a foot a tall company's proposals.’’ the actions, would he - fully entitled * to the approval within proportional representation.^ ahead with plans to raise its full-time BY KENNETH GOODING title of “First Secretary” has has to give its der Stewards and union cost, of devonitiotL.-jat “" t,,e •. The beenU c V 1 1 adopted.ilUV/U H>\|- 28 days 3 c in . officials will meet senior man- ?"« “^ EKSStSSSZ BRITAIN’S BALANCE of trade He suggested the Government gin 0ut the basic practice the area over risen slightly since the Scotlaffl ’h - n,e In JanuaryV'Tdespite the TPrice Com- . agement on Monday. , __ benefit had reacted more promptly than be most and Wales Bill- was tntioii^ would by £3bn. a year by scSCt, eiDe,De for a Legislative conflict would I he which to investigate Clydebank is Singer’s big- mission’s decision 1980 ifIf ail the 40 sectors involved management and unions to the industrial and Modifications to the. building gest factory and produces 20 Assembly/vsserably with about 150 likelv to arise is the proposed increase. :3ft recommendations which - economic which are to provide a chan** commission could recommend the in the industrial strategy pro- meraberi In Edinburgh. economic poliev since per cent, of world’s domes- industrial offices for toe, frozen ...... emerged-= from the , unemptny- and— Assembly^ Though prices can he that, to rather less gramme— achieved theui. tarqets me;they . ;(It W0UWUUIU],] bUC auableis to umuicinitiate urDKLflus. particularlyh'U * * “ -. subject tic and industrial sewing , , e w problems, — commission investiea- prices set themselves. Mr. Eric Varley. strategy programme, which is legislation over wide among the grievances estimated to-cost £425m^ ag^lOr during a generous safeguards. machines. This year ft is ex- prijnajy a ment, were ~ ’’ nearly two years old. demand £4m. a year ago.- Industry to the • tiun. the Board is expected to be should be frozen for up to 12 to manufacture 588.000 the Secretary said yes- range of domestic issues such as which gave rise pected 0, ofI - extra, staf^st allowed interim increase terday. social welfare, education “devolution The number an months. machines and 76m. needles. He cited various industry aid health, for . -A!^ JS2rS.S *t“Si*faMS- l Jot d DUt ]ater hems- Bill makes »» clear that under the pro/? l safeguard pro- It could also comment about One of the purposes of the P° « schemes and the £S9m. counter (excluding universities), The J ' - „ \ economy is to ing aatofionai dWseSuiSSicmi servan^ visions written into the legisia- highly sensitive issues such as reorganisation to increase by NEDO, however, that the tar- cyclical stockpiling project by ing, local government, land use. control of the is wiOi WestmUmer, ttgr sato.es baye ^Mn trqm^ tion. staff levels and the way costs are labour mobility to try to recap- Wts had been wt at the end of ISlidT Steal L emerging mnsport. tourism, the legal pr* remain firmly of State retains estimated £i«m. ta tiam. Announcing the reference yes- apportioned throughout the ture competitiveness. last year, when a nse in world directly from the recommend*- fession and law and order. The Secretary lerday, the commission said it service. trade was expected. ThaiThat had Sir. Larry Neely, general | tions to Government of the was “aware of the financial posi- Tbe investigation will allow “Singer’s com- not materialised. sector working parties. manager, said: j tion of the industry which lost the commission, which sees its mitment to sewing alterations But although the £3bn. figure The Government realised the I £31 Bra. on the passenger side last in terms was no longer valid, it job largely of improv- Clydebank firm. j showed in is The industrial strategy would work it rhA T»i.ht hi assembly year. and that would reach a ing industrial efficiency, to act .hwh1 he Welsh development is intended to ... only if Britain 50got its broad decision on interim price in- as a form of referee in the long- remains .S6 *indUStrial*52? Str ensure that Singer -‘ SSoite^des iighl The creases after discussions with standing debate between British competitiie." teg ^succeeded E!1 British Rail. Rail and the flovernmenr over * SZn* It was expected that British subsidy policy for I organised bv construct inn different parts ! K™* the *= « equipment to co: Rail- which raised its prices of next by the passenger business. 1 . equipment and mobile cranes -ec- in the first quarter of rate 'tor working partv aLNEDO that year tbe U-K. inflation TIMES REPORTER about the FINANCIAL I in anv case. Britain’s trade bat- should be running at Government . ance would «how a surplus n-*xt same level as that of its mam , , . . , tor the tort such as l»Ml vear. not only because-of North industrial rivals. “What happens THE WALES Bill, published The Bill states, w:v question to- e placed Threat steel Sea oil but also because mami- after the first quarter depends that tha Um®. the to industry vesterday. estimates “Xtion ^ finnU^tkwWdl contract maV,ns very, much on < pp“5 10 , t ,5 “sl of “*"»* »» «* *«*« »£ BSISSiSr-5SS?.%^| •n^JsrroS."progress with exports. I£theHie pS*pay tZ’ppolicy.’y. SLSam « v: Bf WiH amount at present prices to the provisions of the Wales Act Community -Land- Act. will -1 jobs may be known soon profit £3m. for adapting and equipping 1977 m be put into effect?" transferred from - toe Wm and another: Electors are to pur. a cross Secretary to the Assembly. BT ALAN PIKE, LABOUR CORRESPONDENT . . . a building in Cardiff ^ £u ‘or °ma! v ^v ? ^ UNIONJSIOK LEADERS expect to British Steel management HighAA1 A1 Court^ lujwtivwvt*injunction running costs. at 0 Annual are follows- Organisation: The Assenftl: 1 1 0 gm ^ By David Freudl ,ndustrial Staff prices, are expected to " system present i These will be held will run on a committee manpower cul^whici^mav be on^T a^ee^^i^wlth toe n/vrsmnt- CnnGo EElection?:', ect on5; oc will . reflect’! come foufour yearsa on°n the third EachaCl committeeC e ! necessary if the steel industry is unions and invited the committee THE OVERALL target profitability 32311181 J,° J «veryry > against ljC0O3SCOO a _ Sfmhlv members and^Sflmj Sf* t f M ^ h R2f-!i!inlr as nSSbte the Dari^^^- COnie >fer,ous 1 eSti0n * r0r 6 INVESTMENTS was The judge did not consider for additional civil servant sen la tion the AsseSlyaiM difficu?tie« tacklin^ tb? pnoWwSSf upnt^Jt^ hTslie ised^rom 18 SCOTIA beM with i n ^three m restrained by High : Court that the injunction constituted an Wales which includes the staff have a chairman and' aUeaS. At a meeting with the TUC That^anpea^ vtiH £ discussed Serpent w 20^ ner cent a tIls of nolJfical i on of a injunction yesterday frotif pro- unwarranted fetter on the direc- uf a Welsh Comptroller and The Jeadera.will be,#? jp. ctee Tomniitlec veftevdav hv^ the committee T^^dav it, il r ^ W W^.^ttnute eomnxntBl- d»-di" .AuditorAudi,or r.eoeral_nl ’*** * .v • VoTets: Eretrioe •»ou .;*£tffi tt^omurnltlee. BrithhBritish Steel ciriorarion win r!£>« . MeTlSl hldm taS'eMhe 7 ztJ**** , _ __ ° •” chfef ’eVeuutive'^a'nd a ^depu& S* StfSZSSZZ* « m,shl fie true ,fi„ «hc .’ftiTi'TWLS’ffi SSSSS SgSr»%"?S5 ,’1S F»^Si if Properties. . of for council elections also voted by Parliament •Wt chairman, emphasised the extent Union officials antic-mate that apply from October I. - plaintiffs had known AIcos by about 1.150. / can n V X and seriousness of the problems serious discussions on measures e ind^tedness for a long time, hut the Scotland v«te. e The adjustmenr comes aftar dis- MJ^ nMuL^Vmnrinn Compared with SSSl! 2iii {Z nn^th iSIi- ,^ ^ bc ,d Jhmk that was a bar d *Z facIng the corporation which is in reduce l he corporation s missions between the Govemmenl *? not Wa/es Biti published a year , rnmoa !! Aid „ , c . Serm ppwers fshsuSb 1 freehold of a losing between £7m. and £lOm. losses will begin at the meeting, of t0 ll,cm "h®* the }‘ “^ and the Confederation British or ago 5Q fewer clvn servants are Health Services iSJJJU?™* a week. The union position is that com- Industry on a report produced by ,, U , constimetate: Tfi,Se »ill fia rafirier,. tfifi Bill Yesterday’s talks were con- pulsory redundancies are the Review Board for Government smsf- «5 SS2. LJ? 1E On ”fi«- S' • establishment orr fined to discussing the scale of unacceptable but Mr. Bill Sirs. Contracts in July. The Board’s the Countryside Commissio) the problem and did not extend chairman of the TUC sleel com- recommendations have been to possible remedies, which mittee. said after yeslerday's accepted. les. transfers to '-ftt of the contracts involved could involve redundancies and meeting : **'We recognise there is wimsnry of uerenca an advanced closure programme a crisis and are prepared to are from the which 0 for older plants. help." “ilKJ! !? tnl [last financial year. Competitive Scotia ’ lays controlj 0off three . in both Wales and Scotland. Functions: Certain functions to public ^the contro , bodies, contracts were much -arer. at nnt suggest Scotia pointed out that they j directors, who did only 1350m. there was any prospect of Alco had now appointed an ihde- .— - - The disparity comes ahnut chairman, and that Alco bcin;* able to ropav it. pendent . ... Thatcher reinforces because there is usually only one ‘ potential supplier of the equip- TRIBUNAL ADJOURNED UNTIL NEW YEAR is highly v '*s sr-ivem. men I. which of a | . specialised nature, and a single be insolvent. her finance team purchaser. BY PHILIP RAWSTORNE Time taken over dismissal Assumptions S MRS. MARGARET Thatcher Ireland Office in the last Con- Industrial scholarships The 20 per cent, figure should yesterdayvcsiciudv reinforcediirmiuii.ru theuil- ^uii-Con- servaiive uuvci uiuriu nuiwill j aendiue Government havenave . _ „ r __i nof r„. servativo From Bench finance the principal task of handling l h« fjjj* airen the Bolrd;^] | 0 "Jgl and economic affairs team in the the European direct elections planned by Government case set to break record legislation fnr the Opposition. Commons. He a real return of j compares with Three junior spokesman were will also continue bishis work on,-,on . STAFF hearing London applies- per cenL in irJl50 fifi and 4.3 BY OUR PARLIAMENTARY punctuated by varfous under his -name came. fromMHi assist policy over wider field. dustrial tribunal of the unfair appointed to Sir Geoffrey parly a 1967-72 . . . ..i m lions on procedure, a request by pen? Pner cent in ^ . , parental conr-nntrir included > n he exempt from Howe, the Shadow Chjncellcr. Mr. Keith Speed ( Ashford l. a will not ALTHOUGH NOT dismissal claim of Mr. C. Gordon Mr. MorisooMorisot) for the tribunal to Mr. said it depended | xhcThe new arrangements L Owen that Mr. Peter Tapsell »Hnrn- former junior minister, also apply for theThe full the Queen's Speech a Bill may Tether, the long-serving Finan-Fin an- take firmer control of the pro- on howho well they the operate necessarily nn thim ^ mnim , ot knew castle 1. a slock broker with hh becomes a spokesman on home {hree-year period* which normally established Commons reput a- affairs. His former post as a applies after a review. The Board tron Tor his expertise on financial spokesman on the environment will he invited to carry oui an affairs, was switched to the learn SCgoes to Mr. Michael Alison interim1 review, and it has said from his post as a spokesman ( Barkslon Ash), a former junior th- r agreement was reached is hopin social services minister. 3 r on foreign affairs. ,s d ' sc, ll bave some Wordstar senfen^ "? same ^‘"mdiifialindustrial After IB daily sittings, the Mr. Tether yesterday con- ; toe 'fSSi°rese n ISSor""U,° T*i ll 5i' Two others join the Front ' hD °' prcrerred by degree m politics and economics, lake place sss^ss^rvsursi-ae^rccfirst-degree courso,course, and tawomnwould incihc pa--nib.parents. JS^’&rrsssaafter consultation vpWpIpVOlELltl and his son Tryston.Trystan. 18. who will which might or might not lead Mr. Owen: “I think not-” Ezra in coal-powered vehicle ho going up u> Balhol to re: ,, cy** . - , . i I « II OVERSEAS NEWS U.S. ANTI-TRUST PROBES OVERSEAS Thai threat yurica hits back at More diplomatic line promised to send WASHINGTON, Nov. 4. MARTIN, US- EDITOR refugees BT JUREK abroad.; THE United States will try to Ve*” « 5^?'American* raiding he more diplomatic in pursuing probes -m^tbe cuU •««£ out to sea investigations m iccouuiut, anti-trust platinum,f zinc ana .‘ ^ or not the mter- r3 BY Richard Nations cannot he ^ whether By foreign countries but Jj^ensing fields, at an > - ..... view is to be conducted I l ® f cases de artmer issu to alter its laws and agreed that all these, - ."calls .on all States to His P l sing refugee expected He A{nericatl emba say or consulate," i fJ?J^ i laem *™ they spawned tensions, . THAILAND, Nov. 4. practices simply because hadad 1(L CAMP. Britain, ~~~ valued allies as . . - "*— and UN with those such .uinnirie iiupuaij: a mihuscuieuks niu*, >uu -r— . ' _ DIPLOMATS into conflict s ff ,v. * , rf U.S. come and i PP itv -Gounctl-to in toil neirtpv ffepu avsays Netherlands, Canada The uranium U-S., in the •V:'.--fttst*.**' »&« -.thethe granted to South Africa for the the were 10-day attempting S France, the rNast-s*-'-<*••: ;1 armsafifis-.'einijaiKOembargo on Pr S others. Investigations have been mSdatory of in‘° cconnectionecU Australia, among gaptf 'time, manufacture and maintenance ” avert the threatened deport Mlchae\ Egan. the Associ : and rOlL-N(^s^^^m-: coutrtry SJSSflhf ' TTbh anno?mcement to M^ .ninrt arms nnrt mlUtnrv eouinmenL duties.’’ti^ ate Attorney General, •^WSSS^SSSS"*** £s B&TS& S4SLo£ a more understanding con- In future, he business would ,ninstitute a Lords cerning international ntB^iews mer. the British House of JJ““by ^“^tt^ v-w ------d the anu-anti- overseas wuiwill n«i « . iurisdie- gyS*** ^Mr^Ecan described U S CTnurt’s 3 • > -- -n-. sovnume al Iast -— — “particularlysimilarly before^fore^the^fonus^t— c- »- . the- Monday caseload as lende(| to - growing trust informed. tion bc es . Anxiety over the concerned had been mJS~Z* as well as Ethe "SKS" vigorous,” mentioning in- executives. wititam Bowdler. j refugees from neigh- be given British good of uranium in- Such notice will visit of both the U.5. 1 vestigations into the UA subsequent recall bouring Communist countries commercial attaches | condemned naval and has pushed ihe Thai govern- " rove finaL. lt .wasr whst^TMirappww w South Africa’s* repression of in the country. ment towards experimenting regetiL .as to hoW its the statement from could lany ^ lbody . Wack while o£ Although with a tough Line which rises to 7% ^ “ foreignlaffain 7 ^department of. pose an embarrassing dilemma Unemployment " the West: either open Us CORRESPONDENT ; Sonth ri the for BY OUR OWN ta rJLitointtr^. v dttpwpared to“BeheWiostaS| rame'toe ago.” doors wider to the boat WASHINGTON, Nov. 4. By Victor Mackie ^r Brand'lfurifthe own or watch them perish Unemployment has now Nov. 4. refugees e E d P OTTAWA. U P cent . >- 6.9-7.1 Per monetary ujg uu.situhovered' ir,_the... — v— . official ** Ta™monmnri thT n frT rumou“ tte . CANADA S fiSSKSM said Thailand 7 per r™l following] i ^sSPSfeS Official sources since April, to their lowest September, range declined cent. of , nl reserves Som already towed two ships 6.9 per years igs^&aisssffiga irsisis had ” While not reduction of a full level in more than seven **»*%*i&^ rtrt^JX UN action, is refugees heJ.o any adjusted. subsequent 104 Vietnamese y . of the . the ..... months the-Govern- relations with | r point in lbe first as in view _ S 0we durj ng October, to be top of the agenda. into International surprising ^ ' the , M nirj^ ,„u IW11 tries certain aboard that has' year. ,.... sought lo-- shore up "begin ;in and harred rau* of economic growth ument i Statflwa A can. waters yeslerday. rates for the Canadian doUar. 5 since the spring, the projected growth va | ue of ' date until lbe occurred The . the target from reentering the Cana them " put some and for next Figures issued by -..- -1 *-.' • figures will nonetheles thetbe flnfl naali quarter ntly. . re coon try. _ . cent.do departmem officials pressure on PresidentPreside"' year of aboui five per d ian ^ance some-- time .in 1080 U.S. immigration more Bank of Lmtaaa start-up up remedial action. surface suggest that ve aled that the 1 likely, to-day Irving to speed Carter to take not on the spent !ninning fo seem more Rhodesia were hank) on those House intimated can be brought (the central progress or White unempiovment USS installation ttotIc on the Report of processing the papers The eligible to enter that the President might orm is la Wng far longer than boat people to-day representatives the next week or still ings o ally foreseen. -When the the UR- while decide within istrauon is In the The Admin ^ lheir value . was, towed out to its the UN High Commission so whether or not to support pub^ ^ cture of hoping that the total monetary it was reported to of the J4*>n ^p^v's 3i Sea- Bite last May. Smith for Refugees were modified version ^ lie, says e 31 had work hours talks a Songkla— full employ- works p reserves by October nated ihat-Sm. be on their way to Humphrey-Hawkins b^s not showed would .be centre for that effect ^^^ by nearly 13 per lined before ..it- the other refugee raent biU. a course of action ? inC e it took fallen ow, after attempt to him this ra tie statisucstistiCS S for production. N . TONY HAWKINS peopie—in an strongly urged on ta ^ l7bnJ y by boat has been —=. bolh effect in Augusu postpone the expulsions bv liberals and minority groups, e a from there and Laem Sing. .^desian: ss pioruuu? --I . estimates last “m? pssssr -sss “ another round Despite U-S. job. Smith to-night bran^eu^as that it looks like omplete the .: Ian. £d0_ that the Indochina Press beeQ m summer HOLDINGS - Bhodesri&n all or South- facts arei^aibtatant-tie . influx for HILL iese gloomy . The Prime This refugee BROKEN e attributed to level off NORTH :Pa.pei|VP^ “{ soon aled in a White •reports today Britain of putting the Mr. Smith’s east Asia would abcused hardf fils j n with ed to the Storting ^obd pro- y aronnd 500 people a month, British sources "thal' before the horse." "Wiile comments to-night about to-day .«*by ihis cart sour burden has esca- limited n hhw' . . -:.-9i.l...rr: >.,a haarv .made in uus .u indeci- Thailand's edOon^Statorl s gres& had in this—attitude," he British “inefficiency and istry* and ba5 they persist to worrisome dimensions. Caryer-Cl^^di^ssio 1 lated, week’s warned< « this oparoperationation will sion." July and September ST Generalreneral Between The airthontiea^bHk^ irSp€iakin at a- .fale- fo. Bula-^ rfM Carver and crossed iTe: .istry. g oever__ start.^ Lord alone, 9.000 Laotians the * it *L> report -because -tiie- -.RhodRhodesian rviand* a betteroe day to-day, Thailand. ~ a revised y/jgrgo.- to-night. announced Chand hadhadT the Mekong River to 4 normal. wu?uaJ “ ,iirogr«s was In Salisbury it was Bis^ op Abpl uffir PROFIT ipany*s said no ‘ R5S Vietnamese * ;^°.^F leader and General Iu October . million. b sented lastspcuig. wa^ -none. Mr. that Lord Carver Rev. Ndaban- the . T _ 1Q77 was a record S17.3 £“^^1 maae. Absolutely an, Muzorewa^aim^Ltie“{e landed on Thai shores— of soon : as'" ft of Chand will stay in Salisbury main Profit dividends front Alcoa almost "as ^ total of boat Consolidated Net n^toinercased highest monthly for 19* 6. d“ y nationalist leaders-— since with S8.8 million Metal Manufactures Ltd. cases " in the 30 months compared “JS and fo Kembla Coal and « e p^“' European Producer Price S fall of Saigon. (Over 1,000 Australia Ltd. d but the 4 -| BSSSSSm Sss the -^ SK Tiroes $gfairdaji;ljovegrtiec - Financial WmA *> : •A FINANCIA I , TIMFS STREET. LONDON EC4P slRlfSffiBH BRACKEN HOUSE, CANNON «Y Telegrams: FinantLmo. London PS4» Telex: S86341/2, SS3S97 Telephone: 0I-24S SOW Saturday November 5 1977 an niquiry BY IAN BREACH in Whitehaven lHE WINDSCALE Public land—and making sure they can pattern — was required before permission could be con- Inauiry is over but the were present at the right time aJUticti theU1B Xiuyi/BBU JL |IU vVCl tula asris ss «. ms* , ^ ^ ~ _ say, paid unsuccessful, that for opponents are sausuea - mai-ai a pupui-i 7^ ;. ,, . resolved in an open forum. - which, many has to be the need 7 a^TT m nl hsri nnt taken this art inn rare tW ^ r sksssss sssa the ernment decision, this.Arohfl sLssfssLiTto in- a«ns«ws mth Government s reluctance sxmanas resolved. ; more directly been tht One says “could,” for few in any truly participatory the nuclear expansion pro- they have On linked 0 . latest Parliamentary system: 'We represep.La turning-point ftu . elude in Mr. Healey’s £in«rf ?i?m^p22 would argue that this inquiry system of arriving at decisions gramme on which the extra re- the question of accident risk® ft] " 1'"£« anything, pqw^ have package a serious relaxation of SJSf S^AtSS- ^SSSariy processing is predicated has not alone, for instance, the inquiry should, if “J2«g SSbJS into what sort l exchange controls became and-ready pilot exercise for ex- on matters as involved and far- been proven, and that the pro- could have lasted twice as long an inquiry ^tUe^ments — vriuch. according we might use tteff. quickly “ tending the decision-making pro- reaching as those that surround dnotion of plutonium from re* as it has. ,-mettomsm apparent even more {he CB1. were alread/ temi- rJE^ed “and^rtrearST processed nuclear fuel would this. : cess. It has suffered from three the nuclear industry. Many of the objectors, though: ' than most people expected. The in3 to exceed the target average, SwrttffiT°P*™S uo main shortcomings: it was add unacceptably to the risks of believing now that their case There is. then, a fairly pro- packageoacka°c itself was so comioncomfort- On the other hand, it would oow British Nuclear Fuels takes hastily; its weapon proliferation — which feeling of “unfinished Thus, political discretion^ be easier to Keepke£ me money arranged somewhat the corporate view that the price has behn fairly presented and nounced ably within the guidelines . •• IMF h_ main . eventually FOE’s cen- After 99 days of lareelv whatwbat the inquii*,^ constituency, inm the main, was became FOEs cen- heard, are nonetheless intent on business.” After largely supply under control and less fceen a very high one. The ' on the size of the public sector highly partisan; and its subject- into ^ ^eme. Their argument has keeping the controversy open listening to rhetoric and raw been about It ‘bafc'ififod |0 preas ahet6 witb inquiry — whether the com- lt been influenced—though scepticism Is in- • borrowing requirement that heavy sales of Government matter was of such depth, com- pany ‘should be permitted to .not and enlarging it The next likely data, a certain rigorously, to put arguments:^ plexity diversity as to res- definitively so— various state- course. inquiry has. seen factual test -and to weigh - may well have increased the stock_ and construct a thermal^oxide re- by focus for this, of .wiUbe: evitable. The ments President Carter, technical, political likelihoods flow of foreign money into trict the constructive exchange processing plant at Windscale an inquiry, the form of which a parade of set of against^ opinion. especialiy on proliferation. talent that can in end. London of fact and has caused considerable dis- has yet to be determined, into; and intellectual other. But, the the^jgf assembly iners "5 worewuic IWU ruption anddisu delay,uciay. nituus Dltru pi whether Britain should • -errgo. seldom have been come must. be inflimnced” byj3 ^ As timelUUe on.UU, two hitting BNFL hasUd3 playeda yeU aaSlUOieuivstudiedlv _ ; — . Th*Th-(matt oowIWflnu, was aireaayinKr.imrivnlroirlir,dy mac. ; . „ world. And• it - ahead with a large-scaleI^Eejcale ;com-,ahywberecmn- anywhere min the World. .f fear of milttancy-ornUttan^^e . „„„“^ apparentiyapparently contradictory strands capociaUyespecially hard atat- its plans fortor straight and responsive role at « :; c“ T TheseThP» calculationsralculation, were upsetuikMt sive. In September the official raercial fast breeder reactor has applied the criteria of an nnstahle. manifestations ^ discerned One, reprocessing spent fuel from the inquiry, has produced docu- aS . reserves had risen, after a abruptly on Tuesday. « then programme. - democracy to its subjects. anti-nuclear f^ mi i i ar t0 who have fol. Japanese reactors. mented evidence in reply to (*’BR) ;. open ^rom feellng."^ became known that the miners, and variety' of special transactions, lowed or attended long-running The Japanese contract — hundreds of additional ques- Conceding that the inquiry - It has also opened up, in 'a the whole, whatever' rose Britain by $2.3bn.; in October they whose executive committee had public inquiries, is that the pro- worth f500m. for reprocessing tions raised by objectors, and ran be only a beginning^ Mr. way not done in Britain before; deficiencies,. pvefejjgg}^. by over §3bn., almost entirely decided to hold a ballot on the ceedings took on an existence and another flOQm. for trans- has generally pursued a policy. Con Allday, BNFL’s managing the gap between to-day's “two debate to a debacle.^ Inrffiir as a result of intervention by question of (accepting a of their own. A set of sometimes portation — was within BN FL's formulated only recently, of director, said this week that the cultures”: between the small- case -it is a debate that;^ - envelop, tbe Bank oF England to keep productivity scheme devised by impenetrably closed loops of grasp until the inquiry was being as open as possible within present • system of “ public is-beautiful school who are increasingly ; the exchange rate pegged, and the Coal Board, which would knowledge and contention convened and. there is little the constraints of commercial debate” was not working. The. opposed on environmental and -.nuclear -.and .other ;J&rgte.;Jg the figure would probably have have givea some face workers effectively excluded all but two doubt that part of that business security and the Official Secrets theory—of stimulating and in-' ideological grounds to a high- dustries. And with tile en$v# been larger but for forward up to £23.50 a week more or three individuals from the will be lost altogether because Act. It has also done its level forming public interest Vin technology industrial society, this- inquiry the ‘defate stop|^-, Government's pay discussion on .several occasions, its proponents of .-an moves, for the tim&belng^frm swaps of foreign currency. The within the of an 18-month delay. Some of best—masterfully guided by affairs such as nuclear power in and the , ~ to anoth the , reserves now amount to over guidelines, had rejected on the other hand, the it has already gone to the com- leading counsel. Lord Silsoe, order to arrive at- decisions . energy and capital-intensive one place efe-J^^ I l4 Whitehaven to Wgstinjh^egFy; S20bn„ nearly five times as scheme by a decisive majority, hearings have undoubtedly had pany’s French to muster replies to t^e acceptable to a majority— system, in which ah i counterpart, QC— could . economic '• much as at the beginning of The executive promptly became an impact elsewhere. Quite Cogema. ' r inti i»vpn»rfr*rf nrarfi.t.kla A If _ r j. ...ri, 1 . : • I* thathe year,vao and are,rs exceeded nnlvonly boundkn.mH by tkathe recommendationmmmmanilitinn apart fromfanm thetka predictable atten- •' V- - All of it will of course, be lost “W "W" . ‘-m w -w- j by those of Saudi Arabia and of the union’s national con- tion paid environmentalists, by jf Mr. Justice Parker recam- B fl aTv if-t 1 4- A 1 A / VVlirln /h A' I West Germany. The authorities ference last July, that it should academics, trade unionists, in- mends, and the Cabinet B fl fl fifl accepts, ^ WW fl 1 I lfl~*fl wW IWI 1 difficulty were already having seek pay increases of up to £65 a dustry government—both fl fl I m;• aod that reprocessing of foreign B 1 Tf 1/ fl fT J f BJ V y ^ II lay begin- * in preventing this inflow from week back-dated to the here and overseas—there has reactor wastes should not take * ;-,V control ning of November—a claim been the exposure of ideas interfering with their place in Britain. On this, and p. ricui ririr e « p would break By0byUAVIUDAVID FISHLQCK, ScienceoCience Editortailpr of the domestic money supply which, if granted, generated and developed at the on the other two main questions V . .Ss all un- both the 12-month rule and inquiry to a wide, lay • and this difficulty would and to which the inquiry' has the RAMIFICATIONS of the Windscale-type nuclear fuel be a public hearing at some built their own L'reprajaas doubtedly have grown if no hope of voluntary pay re- largely detached general addressed itself — whether windscale inquirv are inter- complex at Gorbelen in Lower poinL In the past thls^ has ten- complex, have anVobvfcus^ rate I actionaetinn badhad been taken. straint. TheTbe exchange audience. there should be reprocessing at Saxony, spent nuclear half-a-day For terest in the 6dtcome nanuaainariQnal noto an extent unprewunnrece- where -tied to take of -l It re- *ti it , . . i therefore fell back, with the It has, ofnf course,munsp been re- all, and, if so,n whether.uhothn, it» ,km,u m ,T_ :: should , - fuel inquiry. have also .... la would be reprocessed in a nuclear installations. This time They dOTMt''' demeddented in domesticH planning . ‘ Bank making little attempt to marked by a number of parties h* at Win/ternii* — th* Vrionrit “Wany . -n_ Sterling jumps be at Windscale - the Friends somewhat larger than Dr. Saiander anticipates two' strated- very- explTcitly Ttili tte le eI a the nqu,iy nd e out’ mquiry* Potentjal overseas cus- ' hoJd !t of the ***** < F0E1 - have * who proposed: Wind- more. summer the real"danget of W , At the be°inniiio of this week. . I j ^ J J °S P thqrp, ^ ^eeks or . and side, toat an adversarialj' exer-' whlch “Jt fc,vclosed'‘” w«ek” — •“ T cwwbwiemerged from*i»hi theme inquiryu.Huu; withmui loners.—--- for... reprocessing,, other thermal oxideoxiae reproces-' highly-inghighly ing to proscribe reprovesreprtees^ thor«fnrn^ifnrp tho nniii-v nf npk>eino *T*.. " ’ 7'Z.L- scalescaie mermai reproof' Francerrance hasnas its own thK nnliev nf nenema V — r . cuuouwcu krewuiiH?. w sing plant, mat**»* win semcevoiatile»ert«vol«tl le opponents to ns-its. bigDig Theyxney theesten^mreaienea. to trtthwiuiara- th* PTPhanop ratp wac rirnnned '**!L . . i au — *>* »m » Z TLaSrS™’« e ec* ulty and fi,U dsed pnces P have asked that a decision should nationai groups dedicated to the of ’ sorae 50,000 mw of Germany's nuclear programme-they have from the iSatrV . Ind fr wJ Iwed to mo J!? frSnnT{ -m,? # * deferred for ten abolitionofnudeareoergy.gov- b years - Proliferation if Ihe newU|. . domegtic nucIear capacity, even tried to bomb nuclear-io- Silv BvTuSlSl moSin” U a JSiJSSS q rnm 0 dedicated to prevent- Administration.persisted iiit^ ??_ •. The case for the objectors V Highly radio-active waste would $tallations—and has been less fact Vhp^raip a^ainsl tbe dollar DisruptionP nt n, lpinn , ^ ^ * E2h has been put chiefly by four be%tored permanently on th* Successful than Britain at ing to. dictatq, wOrid nu^j: was that equities fell back a little while gilt-edged rose a ~~ * . ,aj,u “ ,u ‘ c pitas suusi«iu 1u,utci»« . sucwsauBUoiu Httirt The fall in canities wac Partly this can be nut down to — cu rresiueni warier stake. But if it cannot, as the the inquiry—and the FOE. could hire him? Americans are attempts by opponents fro/u reprocessing business. The f! ”L J the exceptional standards of con- peEsuading 40 natious-HBastaiu! ^ p n th deeply impressed his Prime Minist«r warned at the Among the unrepresented sqh- by band!- Oxford University to import contracts wert nego- Japanese : West, poor and rich—famdefii - h.«h r nncK Far Cforlmo w.mlf]W..1I1H - - d & ef d expected by the * higher0 pnee for sterling wuuUd -— n Of inquiry:inquiry; ‘ reopening 0f parliament, we “ missions Katt- hjrenhK’pn notablynntnKIving8 the at the theirth-ir oppositeannaeitP numbersniimKprs fromfrnm tiatedtinted t\n Britain,RrStoir, and wouldmnH l—• ‘ insDector . Mr Justice Parker have ? by Washington . last month;:-#: S ’ ineffable forebearance he has may be in SoT a ™cul1 Running the hearings with those from the Society for Bn- Germany—where aU nuclear have gonfe exclusively to British launch the interairtfonal Nurieiir. a exportingbv^Sni%rm«-firms . thetheT?pV^rsur- shown towards objectors, t are not i bitterly. :: winter, Even h coa] s 0Cks authority and impartiality, he vironmental Improvement, afid p ans nowadays arc Nuclear Fuels had The nupriry puel' Cycle Evaluation P» VKV nf inductrial trend* eon- ... . — hfef- ^ast towards some of their own to has brought out the best in^ many two university rfonns-the often violently opposed- not forced-; a delay that gave gramme; ah International sedref for Concern countrymen whom they them- protest at met with 1 of those who have appeared, work NucUfar wd Windscale the French -, time to enter the for tighter controls against Political selves find trying. He has opened Nevertheless one or two of the the Oxford / based D o success. competition.^. - Since then liferation. ..Britain. and Ja^uS accuracy of their assertions. level of prices as an important source of disruption. It is submissions and exchanges. seriously.’ project through a multiplicity The Japanese', "anxious to warned bluntly that, forbidding overseas factor limiting their significant that this should all The programming of such an The Isle of Man based its West Germany has an obvious of licensing stages, to the first place reprocessing business reprocessing and praying foM. sales. have happened the very day mquiry has been a pbenomen- case simply on the risk of interest in the outcome. It has construction licence (for spent worth about £60(im., as an in- '“magic fuel cycle” (as Britain’* other hand, was due mainly to allowed thi monetary considerations It in order to was perhaps regrettable, inves- guidelines. remote pan of north west Eng- impact analysis—on the Ameri- has plans to build its own plated at present, but there will laws while they designed and diplomacy. • d Letters to the Editor economic military boycott of can currency cedure involved in contracting- other days you have lo stay over- iww/w,#fdinKvnrrntirfdin k vnrrntir»»*-ui c and and cannot do to maintain in or 0ul of ^ new Slate Pen. night Israel. This must be one of tbe a competitive business environ- From 31 r. A. Monnickendaiq. sion Scheme. Last Thursday Peter M. Dodd. From Miss K. CamCampbell. most ill-timed initiatives ever ment (ambitions to restructure “ Sir,— It is inconceivable rhat you published a letter from Mr. 27, Cross Road. Sir,—In his letterlette Fight for undertaken by the Arab League, industry and pressures to con- " the CB1 and others should be in R. K. Sloan on this subject, but Tadicortfc, Surrey. Bow Lane"Lane (Nuvcmber(Nuvvi i i, the EEC countries should at this trol imports should be firmly any doubt about the advantage of l am afraid he Is incorrect In chairman of WaWalling Street moment be considering not the held at buy i; and the need for a currency. only bas - a strong One saying that regulations place an ,, _ Properues remarks, with regard imposition of a boycott, but general climate in which the to look at those countries where obligation on employers “to MtUflietS - to Well Court, thatth; it is pro- measures to combat ibv operation private savings and investment appre- •» theun: value inof currency nu?has ay wuipuiiconsult anall cuiHiujtwemployees whouij aredie -- . j-. Hposeduacu toiu preservepi cowl » i: theiiivrl pedestrianiJL'uejtuuu ofui methe Arabriiti" uductrade boycottuvjvuil ofwi mechanismMAViiiciiiiNiii cank. £BJi operate withoutW! LUulil ^nr 1 ./ * r H n CBf? their economic occupational pension • • dated to see that members of *j •„. r0U,e « but provide “more Israel in EEC countries. This severe hindrance (which will a VOUT ,sISSUGe Oiaf VJLUjDCrn-tahpr nnrltifin hie Kopfimo CAlinHpr enhomhe urhntVlOf th P U n ro ho StT.^Lfl y°ur nnnn mi irtro vrl c- in nl i aa nf thn hnvi'Att lit inflfaacinnUr tntifilvrinn enmn fhn ininmn*. _ r k position has become sounder due schemes whether they are mto be . ^ open courtyards in place of the boycott is increasingly involving serve the interests of smaller ^ neau in ns •v.r- ;i i0 - t“ e catumn to the increased purchasing contracted-in or contTacted-oul.” very narrow passageway which interference, or attempted inter- firms much better lhan artificial companies. “ being much cheaper. Further- suit extends only to independent areas. affairs. A Foreign Boycotts Michael Jefferson, in- has. left out of more, their exports have trade unions recognised to any Lex however, i n the war, much of the City Bill " has now been framed by an inn Kings Rnu (>'A , i ; . — . —— 13 THE FLOW OP DOLLARS v DOLLAR •DEUTSCHE MARK ...YEN.. FRENCH FRANC [MB DM per £ fi.Aancpirt live with Mossr j U-4D I8-60 14-20 *40 w 8*20 U.K. Reserves 44-00 f 08-00 t un?wtitolltf>le'm 1971 tinder- too how quickly and savagely 1977 the market had 13-80 7*80 « Wi^to^aia^ growth of doroestic ocedi^^ome stood that the Bank of England the exchange rate could affect JUN JIA. AUG SEP OCT 1976 1977 1976 1977 1976 1977 1976 1977 ^'^dr^gwer.' oFwhicfT afto-utreilci tbe money would not stand ready to domestic prices. These experi- ^ -at : ion». >«t . WOfih .ef support the gilt-edged market if ences have dominated subse- ^ eliminating introduced, manage- in any case has relatively little sales of Government stock were cmg which drained .»«$ overseas. It was inclined to Call. quent decisions in Britain: but wholly it; subse- being the in the U.S. a rather similar quently a number of local ment of sterling seemed to impact on domestic prices. nevertheless very large. however, a refusal to buy is have lesson Is only now being admin- authorities launched their present no problems. As early In July the l/.K. authorities However, the dilemma which in L-^at : not toe same thing as deter- ?_ a -floaters, authorities U ^?^f, istered, and it is still far from own with a formula as January, the a ° “Nation to 'sell. In the summer faced their first post-recovery emerged recently was always fg$&J££&&£*l2££?t which gives greater capital effectively fixed the exchange u tl(in^.tat^%a»to' clear that the U.S. Treasury, M.« ofTwe0 there wiwas. S^ouSjust, emragn dilemma- A fall in the dollar potentially there ; if British ., «-.- ' L '9t «*?*«£?«sudd' A& HumeB&iis rat^^nf .'.fund "L_. ™P. or even the Fed. is prepared security. rate against the dollar. There which might be quite tolerable second were large additions to the investors decided to take their *u«ej sggi^ssjye]^ at corresptmdin^y. vvith to draw tbe same conclusions.’ The striking innova- .. - r .- 4. a little to spare;- so in the U.S. might still be un- '»- 7CD and reserves as previous specula- profits in gilts, but could sell *>u-. »ve up •ordown-^ wyeral hash- - yields- itapttf!at*d tion was the issue of part-paid i. on the in '- Government was still selling In tbe first half of this year comfortable Britain if sterling * tive sterling readily to foreign investors ,j r of Government stocks . ;, 5? Government stocks. These had positions against as Satr some stock. rales the British authorities bad a tied to a -x, The were remained the dollar. A seeking to switch out of dollars, one obvious purpose: to guaran- were unwound, as sterling dCt;i~ », _^v., - SB of • ’•* business ). General in Basle. Tuo-cfoy meeting of instalment credit (Sept pay by Council of British Sir. Alan Williams. Minister for To ire ' /vffFv final! a . Lord Shippers. Provisional figures ol Retail sales tSept.— Industry, is opening for Iranian EEC Agriculture .Ministers opens speaker at <-:i Annan, chairman of Committee vehicle production fOct.l. industrial Strategy Conference. in Brussels. Fite Briaude Union on Fui ure of Broadcasting, lec- Leeds. Finished steel consumption WEDNESDAY—^TUC economic v> L national deictic v-onf-.ience Broadcasting. ! on tures on Politics of and stock changes (3rd qtr. f • u K . committee meets. de- pay. Eastbourne. Hou:>c of Com- Edinburgh University Environ- Commons prov.). dehaiv- Queen's mental Health Congress opens. bates Queen's Speech—emplo.v- O'"-- orders mons Speech- As- I9,000workers arms Harrogate. lia- FRIDAY'—Building Societies Royal Hall, mem. U.K. banks' eligible prevention of crime, APEX hear- bilities. reserve assets, reserve sociation meets on mortgage rates. r "' FINANCIAL TIMES REPORTER ing on union recognition at Grun- TUESDAY—Dr. David Owen. Building Societies receipts and < CQRRESPOliIMfiT • .’L ratios and special deposits (mid- . --:,Y ALAty fIKE. ; lABOUfl m T wick expected in House of Lords. Foreign Secretary, gives Fabian pro- *' Oct.). London clearing banks’ loans (Oct.). Usable steel '} :£?•'•-. n ’. it - < 1'. ,fo .»N -. ALLEGATIONS that bribery in all these situations, and , -. ; International Air Transport Asso- Lecture "A Socialist Philosophy monthly statement. (mid-Oct.). duction (Oct.). ^-nriTATJ. Ttf'of QRS^v&fertgy of -the Amalgamated: Thaionirt: operated on a vast 6cale in win- became clear to Mr. Harrison ciation annual meeting opens! in for the Eighties." Central Hall, Central Government financial Ti$006; Engineering ^ Workers .which ning arms orders from foreign toal toe' group had an extremely Madrid. Mr A. Wedgwood Benn. SATURDAY— Mr. David Steel. off -virtually.:,Afl its ; transactions (including borrow- 1 craHS- in W est minster. Commons debates • valuable him. Union of <’• throagbont- represents : most of;; toe countries were made at tbe Old contact Secretary i«r Energy, is guest Liberal Leader, at tactiehv worker#; “ ing requirement! (Oct.). to so next Bailey yesterday. 1 was made aware by Ran del speaker at Coal Industry Society Queen's Speech—industry and Liberal Students conference, - because! -of toe caen.^ will be iirged dp cbunjrs University. - while he was at the Defence Juncb, Hyde Park Hotel, S.W.I. commerce. Society of Civil and THURSDAY—National Union of Leicester ., detailed Mr. ?• -7-rtsmen's str?ke.>hicb.;i5 cost-„weefc . r : : , A statement by . A ‘ ; Ministry from March 1971 to veliitUe# . Prank Nurdin, a former sales the comp& l,flfi6- A ; director of a subsidiary of Racal, January 1973 Thai he had de- •' . • • - plant, jysterday ,4mammously the electronics group, who helped velopcd extremely close Conner win a £4m. order from Iran in tions with Mr. Harrison ravor*** suggested that the “bribe ing night entertainment on a ^Sitirsday when ..the 1972. mf ^halted! lavish scale. - baa factor " commonplace id _ . ISS^SS^T was , 1 ** in the “ P^SbctioD of the 'new Sunbeam Britain,' America and France, and He was offered a job :: Lanpt- to. resuma iyoi«^SSsK ; : v«rm0i u,>»ririn^ group on his retirement VERY that, the Shah had set a Racal CANT up FOU DO ‘ - - - > • be tKanden ; reHUhie da Monif?y, Special fund^to siphon off money from the Army and * ~ his Government told me that Mr Harrison had ' '• • agreed to give him £15,000 on Dealing with this statement, joining the company in a £5.000- Mr. Kenneth Richardson, prose- a-year post, ** WITH It was mainly due to Lt.-Col. MUCH “ FEW -• providing it cutio'g' counsel, said: must A - contimie^deport- ^me^ months l - J • ~‘on 'plant to - j — stress that it is the" Crown Randel that the Defence Ministry produce,,odqee.- cars in ; not r- -- for in . -aa eftort ?to-manages ,v,to — v work equip- ' which, i6 saying the Shah set up finally got the order for - » ^ect their jobs. , : -.rit'isi^c^t^.n'imibera.. a have/profll between now and toe end a special hind, but it Is Mr. ment, which was worth £4.5m. to J” ;."lhe Vaubchail craftsmen • thfif year. Nujdin’s account of what he Racal BCC. We bad to corapen- '^jcted the outcome . of ; o'f ' the says going on.” althoughjil vas . sate for all his work and KUNDRID s' .because, him POUNDS. ~ i’pany*s annust. pay'nego-^: That is ’ ' almost all the £20m. he : ; '~ions land; are de&andthgEL-teg uaedi'UP expenses, including monies toe com- I r-a rate negotiating right3^asd.-rescue fond' set .up by I aDK mirfdlemen was committed to pay to Iranians Government a j..- - of differeutiaJ&^apy and ;the- . . .- Toratlon skill un toe agreement, .t’he,statement was read at the .. the- 'further £15pi. will be available .?f!: . ^hree unioiis havef~made' Mr. Harrison is market- basis for next year. trial- of Mr. Nurdm. 61, former . officral and to§ kkeCutiVfe-btt irsraatiar -jjute sale# .director of Racal BCC of orientated and involves himself Wembley, and Mr- Geoffrey Weil- in every major contract ofvtbe born,;' its former managing direc- group. It would be quite out of to solve tor,. bn charges of giving nearly, character tor him not to be JTalfcs planned £25,^7 corrup Li y to Lt.-Col. totally involved with Lt.-Col. D*«4 Randel to w.o for belp.ns Ml wh0 wss membei of Mnfn^ot L - rri 'be sole, unit of the Defence engineers’ dispute «»rly 1971 to early elex SS^CWenoTo U& in i&l- »«'J 1 ' 72, in face of fierce U.S. cornpe* , BY" STg?* ; titwr. • •. “Payments to key people able to influence decisions Gov- - Cbfc; Handel, a former military by dif«- IOT4 'LEADERS!j^e to 'disTOS#^irtd^ii«!bTne increasingly cominunlca tions adviser to the eramepi is an accepted part of *- Post cvlt^Eyentiialty. inter-continental tbe price to be paid. Monday an -.’unofficial Defence' Ministry, is accused of ABOUT THE ' which* cfiitf-.mlght also be'disrupted- "The British. American and ce engineers':, dispute COiroptly ' receiving the money. uoder- to diSTUptTbeBnro'pe^v.^ l S^-Ur-toe P°si Office is AU’^ftree the charges, French Governments, to take Merchant Banking means using money, •atens - deny stood bave-jnststed that Indus- the three most sophisticated SCHRODER GENERAL FUND inter-cbotineiftal telexser- to whffib ' they say relate to money making it work in the creation of capital and the Since the Fund was established eight yeara ago, it has •••,.• must end before . . ,’=trlaT ‘action ft. . destined’ for Iranian middlemen countries dealing in arms sales. _ can achieved its prune objective : to outperform ths Financial Times fdjvHirtber^ualks. ob ihe claim 7Ehq;$tateraent, the court accept and operate this method increase of income. he dispute over i"*cUS3 : was Actuaries All-Share index, while providing increasing income to tdld;vwas drafted by Mr.' of doing business with all under- Norton Schroder is a major investor in world unit holders. n deputes1 committee of the posi Wagg p-i for workers hi a Cits oi- ln-1074, when he and Mr. Well- developed countries, offer units to Up to 2nd November tbe price ot has appreciated Union, w “ It a great n cxcha^^tc^ buripdrjtre' questioned by their was achievement stock-markets. to a rise of ? 1.1 by the index since the fund S> find a by 63.4%, compared % dlscnss wheiber to- nelp Rtdtip affair, to sell British arms to 1 head 00 Thursday chairman' about the Iran was launched. .engine.ei^sa’ ;Su>#ptotioit' He is.Mr. Ernest Harrison, who against formidable American Many leading companies and institutions amitence tha It has achieved Hu? performance by concentrating or. - Branch members at„ toe olph’6 rateraatibnal ': tefe»; iatcri'J^nied agreeing to im- opposition, and was achieved throughout the entrust us with the profitable carefully chosen U.K- equities, plus investing about 15°.-, of the ; . world 'Wapping. South- hange started tpr^prk tb-rule. Btehopsgate.’ proper payments for Col. Randel. through the Defence Ministry porliolio abroad, mostly in the U.S.A. - and of hundreds of millions of pounds. y were -Bent htime withoitt—Wark^^Gily .Central •Atget recalling the competition sales organisation headed by Sir management You can buy two types ol unit. The net income trora Income to talk ' 3 SO.'-of -tetepbone- exchanged met betvvg^p Racal BCC and Lester Suffield.” that and subsequeafly We invest the funds in our care over a wide Units is distributed on 25th August and 25tb February : from ^ ^ hut lt colleagues walked *ot: -r-aboiit' She" issue yesterday Marrenf-GEC to sell radio equip- The hearing was adjourned Accumulation is automatically reinvested on those days. spread of shares, in-UK and overseas companies Units t0 "1" m«otib the forces in. Britain and until Monday, when the prosecu- Tax-credit certificates are supplied for both types. You can mi otliei! countries. Mr. Nurdin said: tion will end its opening speech to secure a good balance and to benefit from any follow the prices and yields of your units in the national daily “Tit-Col, Randel was on our side and call evidence. . newspapers. trend. Office, an upward Kith the offer prices of Income and £S# -Vh^vtbe/f^t . rejected Chi Octobe r -tm engineers, claim for a 10 Der Accumulation Units were 81 .7p and S9.5p respectively and the at wa# autoinatiCf the impact' Obviously, the private investor cannot for penod s estimated was 3.46%. 1 - cent pay- .increase, gross yield only._ bitiW ' up as ", the hope to match this spread on his own. But with What Does it increased: when toy work m dMMteon- Cost? mtenaote-backfog management charges as low as possible. totions because of renovatioT] of Schroder unit trusts, he can. We try to keep our Jalls wire ^id ..to be getting Hong accused Wagg Kong units the purchase price ol is tmiidings. The e ngi The initial charge included in ougb. .vrttb jepsppabifi - ..ease,^.exchange, . 3\% and this is waived lor investments exceeding £30.000. The Eurepe seers, eam abqut £4,000 a year. The Schroder General Fund aims to terday -btlKtiaffic-'to annual charge is of the average value of the Fund (4- VATj and -~ ft % provide steady growth of income and capital . is deductedifrfrom the Fund's income. is that the spread - the difference on textile imports whatever the market conditions you should • A major attraction ; between the buying and selling price of units — is 4% 3,1 Irish therefore regard your investment as long term. unusually low figure. - oodycar warns . BY GUY DE jONQUl&RES. COMMON MARKET CORRESPONDENT Encashment * BRUSSELS. Nov. 4. the The price of units and income from Should you atany lime decide to cash some oral! of your units, them back from you at the bid price <*<*• -• THE. EUROPEAN Commission other leading exporters such a$ them may go down as well as up. the Managers undertake to buy is Wednesday. Payment workers of closure to-day. accused Hong Kong of India and Ko/ea. ruling on the subscription day, which every days after cur contract is received. blocking negotiations between Bat Hons Kjtofl la a To give you the best possible return, we will normally be made seven 1/1 J®8 investment *.-w ‘ totally unacceptable attitude As a private investor, why not share the BY 5 . - ft* TOC and more than 30 tea- aim to keep our overheads down. We therefore large f next year's ceil- expertise of a major- merchant bank relied upon by so many ^.supplier countries. K ' same level as last a subscription of £250. organisations? e S ... — ask for . , ’ ’ jirocpss- WD minimum . . TllB ^ \E GO&itBAH Tyre and thousands or ' 4S ^H-« nSh? wanted that if the colony aid year's exports, the involved run into hundreds, • °n hu 8 Whether sums " has tpM its a work tortile -toW' tompany J J!f!^ bv notrreach agreement by next m. Tran disclosed that toe millions, we aim to use them effectively for the best possible return. at Craig-crarg- an*and shopsnap stewards. - process ' workerswbikers M threat worn Thursday the Community would EEC proposed a ceiling of 138,000 that the factory^ toe P*W'd,M toe***“ jL_ Vm m mferr’ accept tne pardel-put it$ proposed import tonnes, with susbtantial cuts in ' industrial ooT.fMee them to eMba^to'ciose if allocation among rival exporters, shipments six sensitive pro- company s offer of; ion goes on. . EEC’s durts. r* ^t-Traa Van Thinh, tbe _ •The -workers have * Mills. information. proee® chief negotiator, said- that as the Mf Lawrence Hong Application for Schroder General Fund Units or for further -led a “final offer"- from the director of trade, denied Coinm un tty’s biggest supplier, KoDgs Wagg Limited, Lane. London WC2 N4EJ. basic rate protest To: J. Henry Schroder A Co. Lfnii Trust Department, 4SSL Martin's .. on toe -‘’apany of I5p Miners of 151.000 tonnes that it had dragged out negotia- r «th shipments Schroder General Fund ’ rent. lift price I'He declare FULL DETAILS about return - for a 10 per tions. The Community had not I « to invest in uni U as stwvn below at the that I am/ux are IS years ofage or over TOR last Hong Kong must agree or enter and 1 -240 3434 name year on subscription and Out l ami wc resident outside ring Mr. M . Smith at 0 -Their union, : rulim: (honest day. are nut the :rease in output, ’ - next year’s told Hong Kong which products address-only on this coupon and tick Die melam local to a ceiling on Minimum initial subscription £250. SNicduted Territories and that { am 'we an not ' General* has against below' s Transport pad . exports before similar arrange- it wanted to restrain and at what Do NOTsend any money until you receive a coo tract acquiring tbese units as the nominee ofany person^} bo ses • •“ inquiry. ‘hawing the nact amount due. Certificates wilt .lutiidfi'these territories. , led for a Goyenunent. . with levels. note meats .could be .concluded the brochure about the Schroder then be sea (within weeks. This offer is not available to residents of PiePlease. send me - and what 6 (he . 0 -wage structures urj OlDCialS u***JOI1 RepoWic of Ireland. General Fond. alleges is. “mismanagement. Schroder General Fund Schroder agg‘» in SIGNATURE. pjcut send me details about W threat hiosure came - Labour Staff to be invested The of 0ur Sum Q Share Exchange Scheme. DA r£_ ' toe mUiere income Units Subscription days when units cun be bought from SPLIT, betwen _ repurchased by the Managers arc every Wednesday- ;<- FORENAMES). or -• hai Bor «nn«Iy^^ discussed ^ Nottinghamshire ' - nearly ijOW CORRESPONDENT lling'but of Ulster: ^yesterday" when .- ST QUR fiNHtCY Accumulation" Managed by J. "Henry Schroder toa C . Units SURNAME (Mr. Mrs. Mbs). Co. Limited, Merchant ” lost workers from Gabbing Wagg & - However it said it’ had oil greup, is Amoco was originally involved (BLOCK. CAPITALS) Banters- AMGCO, the U5. *Nl>i iDBOine reinvested. automatically 120 Cheapside, MMO.feteg-ftM-'Mnffii ^STSSS^htid- considering an expansion of its to Reft. Oflice . London EC2V 6DS v* viiMTvf to Texaco and Gulf ftgree- eJn~ refinery ata» JCifoni Haven. ADDRESS. R castration No. 932031 England ^ {q a jflmt track- VakNo. 243 8d87 30 DyFed, Wales, a move which Schroder General Fund Limned. in^ unit. Trustee - Lloyds Bank an authorised qualities as a wider range levels bad »uld. cost over £100m. Although Amoco did not be- h unit trust and It salfl production; . :liea Martin, in vestment trader the ThstceJpmunent Act. ^ confirmed yester- come a partner in that venture ffered .^d- toe yo^Pill^.S Derbyshire of The- company # ^^^Sjorth : “ Schroder Wagg. Merchant Bankers. \li\ ddy that it was looking at the its parent company. Standard Oil able to. attorn ” installing a cata- (Indiana) has set up a study would not :be scheme because of possibility Of FT5/11/77 A Member of the Unit Trust Association. rytic bracking unit: This would group tm feasibility' of going it TK produce' high-grade- oil products, alone. L able to conttouer upertttpg;/ i j a . — _ : ;-. ,' T . • • ? J.W. J- ,Sainrfay l!fe»embea-iS Fiaancial Times ; stock wEtR FPTINGC difficulties expert-:: bg^ small holders: 5r2r bv Feedex in-.-the pis per cent of . the TOjtfkfcS!' profits for by lSpercent.ofthestod^^ De La Rue at £11.9m.—£8.7m. ‘fiSmfTV crouppS-tax . fiSf sSSonUi o£ 1977 dropped who are excluded.fiWSS t «n tura- ood £451.090 to £330,000 Terns of . the 0ffe*.-«kS SALES FOR the half year lo ing division has. had a very S from £6.$5nv £9-84iii. against open to holders oI.£LQQ0 nK- September 30. 1977. of Dc La Rue order intake and should show an over up tt) half result, however, or less, of the stoc£. Company came to £5L54m. against improvement in the second half. The second $££§ DIVIDENDS ANNOUNCED to he considerably £100 nominal. • Hie >3 WEEK’S COMPANY NEWS i^' <>' Other interesting .developments included Barclay Bank's Value of Price Value Final 'Company bid per Market before of bid ' Acc’i'ce INTERIM STATEMENTS 3>laps to sell the Grasshopper Unit Trust and Sun Alliance's ,- - .- • bid for share** (£m'a)*» Bidder date ?er « V price** bid Pre-tax Interim recwntaeudmg Ihe^iW-from purchase of £2Sm. worth of properties from Rafik Organisation. Hall-year — Company to profit dividends* ' TPT 7.9 Sonoco ^haJnrait '/pf' I^ntoo. _ Value Of * Price Value Final tfOOO) per share (p) Company bid per Market before of bid Aee't’ce Wood Bastow 3.19 Celestlon lads. — *drPro&fc e-. 7Se bid;ii 2i0p per Allebone "JulyJuly 31 6L (36)L 0.2 (0.35) r <^ bid for ;share**:share** price** bid (Cm's)**(Cm'S)** Bidder ite * All cash offer, t Cash alternative. J Partial bid. 5 For capital : ~ Aqnascutnm July 31Si 67S 1364 J 0.525 (—) ; ‘ ^ In already held. 3 market capitalisation, ji Date on which ^>?adpwj^^S£ ,ienfc- tfe^iiairiet t: TPrices pence unless Mkcntin MidUd. not Combined of Ireland 20.410 (12,540) 5.0 (3.0) ** “ ‘ ^j^ ** Bank SeptSept. 30 *5* = Assam Ftntr. Tea "3.8 —_ scheme i* expected to become operative. Based on 3/11/ 77. ^twaa^ pfatt^ani of Wrengate Berkeley Hambro June 30 362 (538) 1.0 (3.0) Ball (W. W.) 522 Blagdcn At suspension. +f Bid. &* & ft BET Omnibus Sept. 30 2.950 (2,747)' 23 (2.5) affi^^vtciiedir^pwraf NOakes — (2.042) ’ British Borneo Sept. 30 471 I45S) 228 British Fleet. . 3.1 Messrs. Semark, **2? jind^getfiftr thek>fami&s. British Northrop July 1 37:1 (164) — i— - Controls Rutherford and British Steel April 30 31 < -72 < L — <—) -in per — lB ac«|xl resji«^^:?t* Amcrson PRELIMINARY RESULTS Clayton, Son June 30 40 (234) 1.073 (L19S) British Indian Tea 0.6 > • “* ^ Matthews HlH»s. 11 J> Rorihwiek fT.) — (Figures in parentheses are for corresponding period.! t" Towaroed.'.ffiUjtfWi^ the announcement that the .company Saadvfit Aktieboiag: Introduction of Ordinary "B" shares. Pholopia IntoL 2.60 Central & Sheer- Dividends shown net except where otherwise stated. ’ : Tn might lead to. an. -\- • offer-: . wood Trust — Adjusted (or any intervening scrip issue. * For five months, r^-'t . S*nglo fin Wines 1.1 Caparo Invs. — t For six months. For 18 months. *' For months. L Loss. Jutted-. SeJeroflc has made an into u y* . important break&rpugb t Summers (O.C.) 1.0 London ** & i\ iJ.S. defence' iuarkat, throagh a proposed acquisition of 80 European 4 'll Rights Issues Supam lavs. 1.9 Warren Plants — Consolidated Gold Fields: Twn-for-nine at loop each. I J^nt. - of' thir0^as4)afied optical fibre controlgrohp, Optic Swan Ryan 0. ( Pembroke Scrip issues aW# 0>oiiic.,^A ti^ts issue is planned to raise ££7nktowards the Invs. 11/11 Kwik Save Discount Group: Two-for-23 at 210p each. Hlgsons Brewery: One-for-one. Tebbttt 0.22 of Group Clients Kwik Save Discount Group: Hne-fnr-one. Rowe Rudd — W. Ribbons: One-for-three at 50p each. (After rights issue) *£“* C- K*W‘2^ fcfcU turn from CSIAi^S to £2CS,53) but £340,000. The previous year's loss of not less than £450,000 pre-tax finished tfceyesft- t6.Jti4e'30;lB77, w as £280,000. for the year to December. A , . Tax motive . forecast of profits this level with . pre-tax -profits.- up from The company's main asset is a at ' ; • ’ BIDS AND DEALS was the main pre-condition for »- £233^27 ft* £299^62. . . . v. ; . freehold property -in . Upper - r behind • Sonoco At halfway Hie- direetors re- Bapgott Street m Dublin which the offer by Ofrex. - smditions The profit forecast accompanied ""•*%» 1£W A ; . parted -that trading was valued in the books In 1975 -«?H **•* ?. • the formal offer document sent continued to be difficnlt but they at £4m. There is a Elm. four-year bid for TPT -" to Howard . level Wall’s shareholders wereViconfld^it ( pat the ’ of loan secured against this property. '•- offer document . In the formal yesterday. It is increase . profit^ in the secondrbalf would an of being sent out to shareholders of jKrwSSF -.'. be;' materially, improved^ on Hie to raise offer for EGA 27 per cent, over last year's profits MK TPT, the independent members of of £353,000. figure, in turn, That the Board are said to have was 07 per cent higher than the Difficult BY CHRiSTtNE MOlR accepted the approach from previous year. Sonoco ’* as an indication or the In recommending the offer. Mr. - -.tracts... Meanwhile :thft-^gnmw v^ AsJu the previous. three years £30.000 compensation. has decided not to refer the pro- ; A SECOND purchaser has ing und between Lonrlio good faith which has always been John Lewis, chairman of Wall, Irmed . yesteniay-tfiat;norm^;tbere. ls.no dividend*:?)^ an For its part MK has agreed to posed merger year ahead appeared prepared to pay an displayed in dealings between tbe points out to shareholders that . in House bad been;restored .on-tes‘ intetim for 1977-78 of O.Wp net is extra £100.000 for the engineer- the new move and proposes to and a minority intrest ' Ofrex’s Jeddahj. : two companies.’’ offer (£14 cash and 21 o.'^il. sevwtge corifractB'Ifi annotmeedi rt ing and surgical divisions of offer EGA shareholders an extra of Fraser to the Monopolies : : Sonoco believes that opportuni- Ofres shares for every two Wall nr.z Arabia: "‘'l - for. ••‘(Me-" ydar. i-waa for This is equivalent Commission. ;£ „ ' r\ ~z TuntiKv- Tyzack the sale of which was a pre- lp per share. —• EGA. ties are available tn extend further shares/ represents a price/earn- u.vj; >, -roddetitn* ojn five Jwa contrarts to ,<£7fi8zfi.) After the ahead £8^7m. condition of MK Elecrie’s offer to the difference between has ings ratio bej. MR. D. S. TYZACK, chairman of into Continental Europe and of nearly S on the fore- ..'-.I ... slowed >jia)s*;Ja5t -week tax of £94,406 (£255248Jrfhe net As a result MK Elec- two -purchase prices for the VERNONS/NORTON for EGA. . profits. • 1 Co-, until done this through TPT. cast . religious festival W. A. Tyzack and predicts now . -r . se o£‘ a anil profit!- com- emerged as £205,156, tric is offering to increase its 150p divisions alter compensation to Ww tlu, « niwn nf TulHafc ..:-k _ I. imj’m.au a difficult but probably not too & WRIGHT But it has become more advan- per share offer for EGA by lp but Hemiaplast and incidental ex- unsatisfactory year for the group tageous for taxation and exchange ICI BUY'S REST situation creates technical penses. So far so good. JOIN FORCES in his statement with accounts. this control reasons to invest direct, Monday's special The technical difficulties arise Vernons Organisation, the large OF CHAFERS difficulties for as in Holland and Norway. While He for- the of the moves. runs loot- says Tyzack has been meeting of EGA’s shareholders. through timing private company which this Imperial Chemical Industries Jeters Saudi jbkie-pf (£209iji8r loss): TPT remains partly owned, &08,639 tunate in the last few years to The directors of EGA have ball pools, has joined forces with has acquired the 30 per cent, o! -• - •- two divisions have already development might lead to a con- ' Tbe “J arrangeiaeiit with a Saudi- retain its liquidity and the not 10 postpone the Group to ‘ ‘ decided Norton and Wright Chafers which it does not already i • • / interests rather than U f J 1 i--46. -H-n ; been conditionally sold to Hemia- flict of and JCI tmar. Streeters: .Ms per- . strong position build- 8 I cash and Its special meeting called for Monday. exploit the new local authority own, it was announced yesterday. ‘ plast. a private company owned let such a conflict develop, Sonoco t. stake, and- the Saudi partner ‘‘I behind inter- Miinlm Xr up in plant development is But, because of the short lottery market. Tbe acquisition is by way of the tbalance. ^pntrapts Dublin by Mr. F. A. W. Payne, chairman has decided to make an offer for - r The two ate 4^ tbe forecast of a not too unsatis- val shareholders will have had m n 4rl : In May this year the Lottery holdings in TPT. issue of £461.807 new ICI shares 1 u iiun^ aduled- jtor ctrtwtetHMB. to Feb- of EGA, for £496,860. That sale the minority factory year. for considering the changes sug- Act became six ' - and Amusements motive for the bid is together with additional ty. and August; -of treat jy^r. . was stated by MK to be a condi- Another , Central Rrpps. Since April there has been an gested, the directors have been operative currently 3U local annual payments of ordinary offer. and that Sonoco is under pressure to unexpected downturn in trade in tion of its \ advised by counsel not to include it hnprd- authorities have placed orders exclude the technical service stock. The six deferred payments -.v nmst industries dealt with by Now.' two other directors of votes cast by proxy for the first of and r suspended -i 'V with a subsidiary Norton costs which it incurs on behalf will not exceed 0.1 per cent of ; Tyzack causing a sharp drop in Mt. R. Earl and Mr. R- Ross, resolution at the meeting. This “ EGA. Wright for the Opax Instant of TPT from its deductible icrs issued capital, the company Dublin Central output at some departments directors of seeks approval for tbe sale to Stores of and who' are managing Game Lottery Ticket.’- expenses for U.S. tax purposes. said. Properties--were-H^mp bnly' sus- coupled with lower profit margins. Involved, have HerniaplasL tbe two divisions This particular ticket has a This means Sonoco must now seek Chafers is an agrochemical hushes ahead pended on- the StoCH Rschange As reported profit in the July 100,000 for the offered an extra £ proven track record in 1 he V.S. recover the full cost of such manufacturer and merchandising ' ' to ’ - '- comment iypTqarag 4rygr<;'^ jTid TryuTufat-. yestafda^. The. ‘ last financ&l 31. 1977. year fell from £587.075 • r divisions. where 2bn. or them have been service from TPT. which company with a turnover of £15m. '*' ; technical . . figures feorp the -companyj 'cover- to £433.405. been advised by .. ^BrS motor car tfistributors and MK has MK is to increase its offer fully sold in tbe past two years. Norton woull adversely affect the latter's In the last 12 month period ing the year to tire end June- Meeting, Sheffield, November 28 vary the : ^tilers WUson. Jacks and Coe 6C counsel that it cannot to reflect the extra sum being and Wright has tire exclusive profits nre-iax profi Is were £ 1.5m .jorte second-balf dpWnr 1976. showed pre-tax fosses- of at noon. of its offer. This is depen- specialises in . i a.meht terms offered for the two divisions and right to market it in the U.K. The Board or TPT is recom- The company dent on EGA's shareholders’ the fact th3t counsel has been Here Norton has found that mending tbe offer and will vote fertilisers and crop protection of the contract to sell approval taken must be reassuring for EGA most local authorities require in favour of the scheme in respect chemicals. Hemiaplast. This sale must to holders. Nevertheless, the reason professional management for the of the 93.710 shares Which they passed by EGA’s shareholders be given fur not postponing the day-to-day running of their hold in their own right- The Board SHARE STAKES at the special meeting of tbe meeting on Monday, that delay lotteries. The new joint company. forecasts that the pre-tax profit Petrocon Group: — Scottish company on Monday. “might possibly have introduced Competition Management Ser- for the current year will be Amicable Life Assurance Society - - -- However, Hemiaplast has agreed Ptg,PRQ.PUCTIQ^ an element of uncertainty in service. approximately £3.Sm. against on October. 28 sold 100.000 re- contract vices. prorides this . MAN UFACTU REF to release EGA from the . relation to MKs offer” is uncon- Vernons and Norton have got £3.5m. in 1976. ducing its holding to below 5 per . if a binding contract bas been : 1 -f --.V! '.T 'tyf’-. '.-.ft: 1.V: vincing. project because, cent. entered into with Omagleb together on this lottery United Biscuits: Prudential * Securities (the company owned while Norton has the HOWARD WALL . - .-V ' * ; trite^'n^Rap^ six months to 30th June 1977 greater for Howard Assurance Company as a result of f^^ by Mr. Earl and Mr. Ross) by next NO PROBE expertise, Vernons has The offer by Ofrex recent rights issue, now holds less ‘ national resource-, and operating Wall has now become formal 977 ... ..1976 Friday. The Secretary of State for •Jw'xi. -£0QP following profit forecast by Wall than 5 per cent. In return Hemiaplast is seek- Prices and Consumer Protection experience. a *• • 839 6,652. 1;' -X;-.?-' r " .-- - - * 3T6 451 . Profit A%itmtffJbte to F&dex EXTRACTS FRtllVrCHAiRMAN'SSTATEMENT:— CRESCENT Profits for secQrtd half year be better than first half - interim dividend raised ^ GROWTH PLAN from (L52p,per share tO'585p per share - Ail divisions increased their sales volume - Tin Crcscant Plm prwihs a ueans ot nmir thevalLerivM \# LTD Contributiqd from reduced because of the industry's SECURmES p^ xffylsion considerably LAWSON saving uang i!« mveamBM skids cJ » Cl 2bm acambnd uiite \ problems; ifc'is now recovering «• Engineering^ division had exceffent performance. mveamem group o( prawn mregrty. erusadsiheguaiameedtle . Satiric in (to wy. from as feb as C5 cover, ths smaim wwsed rises w £97. '• |gr. Btirstwick, . ‘5v-T. ;Vf .v'jFeecfedC :L!imited. ... maoxhlr. with no upper Srat. ensures thayoir The net coa. iwwwg. temans the same. THREEYEAR PROGRESS regrfar artmiaiBi buys mae «ms when ktnl Ucn fflrBoj ii/37 S&'C I3'«I «/« priias arp low and lewo whan press *i high w I m vi ns ns and gusaitess rtiat the awraga price youfa/ \rnmst K^|9wTPST KS [?IM 9W (w)«iff wins is te tfian ite svarage rt tfiw Pie CRESCENT PLAN is riesigMd to be a varying pitCBSdimgihe savings penod. Unit YEAR 3 medium in long term imresimere so the longer pnees can. rt course, gn rlrmn is «U as irp (rat you keep ihe Plan in force the betrei dwncr you 'pound cus averagng’ makes ptnime long term UK., North America, have ol siiaanrirf cbjbIsI Epprebaiion. Any adwwgesprt rt such occunenm. Cental g»ns r bx Eatahty tha ocuet is the As the CRESCENT PLAN 8 a bfa assurama fesponahrhfY of tha Compw. tat as vo« tow poEcy you #e entnled M lax iefef on your opportunities had Trie MI benefit of any capital gw the YEAR 2 KS:ai‘:ii4^i Three jo&stnrxumt Ctremly rts mean rta for emy Company must resene the n^n io mete a £100 ’(wj subsoiK El 7 wiB ha aflowed in tv dedoaion ttom the proceeds ra cover its fcabity. refef. fna rf vou sioo subartmg id rfi- P/an Your invesimere begins as won as ne recerva in one within tiis tusi iotx years the Inbaral Revenue .• for capital growth your ttopuc and apjAtawo iprei and the tetter is ratteieiBloreiundniiheniapoiuiniol the may arapied. kVc vrtl send you our brochure wmch iw refirt you may hew ortamed. This w do by we ted suie tttf confirm ywr decisian t a art a deducing the approprida anuuri-trttni iha Plan, but il n doesn't or you are 'm any urey procflerfc. • .- • dssartied. wenifl refund your sotenipion : V> '. .. 4-T5 " ATnWa prriyfhii Growth Trust aiin& for kmgfterttL Un& The Plan also pnwidK: a guswiesd mmimuffl wThoa que9 FUNDS UNDER MANAGEMENT T/Wod«(*»d»ti/«aniIan)i}Otr,eTltfeatoutst«to tbo LAWSON RAW MATERIALS schedules TetfUotlBS and thatlhwam.ara not and General Unit T rust , rt a sAaoijtoof Hataby apply fcra BffiSCS(T6WWniPlAll'i*MnBBe pahty LAWSON GROWTH FUND f £ DujlWly : Tttlr LAWSON GILT & WARRANT FUND da first attaipm. oyarte LA towwe Ca. Ui SebtoipiaM uSSaJ servk* chanmorSKrt 1 endne a KMtawe to b Dhcbm LAWSON AMERICAN FUND ran be a nat £s |mnm £5 nwurtyi £15 fsxady; £80 ycarlyj. LAWSON HIGH YIELD FUND (in ihecaseofjoint applicant*, all must sign; SsmsrailVfc.Nr3.Mci - •' pjt-.v^ wrui me details of yuiir Shaje SUSAN LAWSON ExchanseScheme SavingsPlans Q IN . PnoIBfth DELAY PURCHASES AMERICA ...... gone 3QMiquid. Attttajgit HOLD OFF invesbnert in the LAWSON AMERICAN FUND for the lime being. The fund has recenlly opportunities will emerge over the next three or tour montns. YES/NB STRjtaffl America looks cheap at present we think even cheaper buying K*wyar)3d»yBa4dBa««idBfiNlll*psaBB0Ptiat panicseiling develops. thiMncur 7he American market rs currently driftingdownon lowuotume. As soon as a heavyvdumeof opinion, will signal the turning point and we aim In again be fully invested at that time. INVEST NOW IN GILTS AND WARRANTS (NOTE—THE RECENT SET BACK STRENGTHENS OUR VIEWL outstandingly ffJoatinTe For those on higher rates of tax—probably younger executives on good salaries—we think now «san holdingof long transport will pTOtett to invest in LAWSON GILT AND WARRANT FUND. Kthe market collapses, our very large theadMantagesofgearrngandshould the price, ff the market advances from this level the warrants will tegm todemonstrate rise more rapidly than the ordinary share market .. 7*' highest rate taxpayer, ims is Any gam is taxed at a maximum ot 13°s (alter the unit trust special credit of 1 1 ertn lor the might thewisdom toreduce obviously betterthan ifte penal rales on investment incomewhich v.e hopeour Government have AH Aamte tanta'i in the spring budget Amrittaacs to the first psyaen must atoarpaqrtfu vpAatm. p»iw«» Bust bt by of Trade. scder er Gso Handsg oiiar, . i AN fund* are wider raise ffuSee securities authorised by thaD - *5 ' >. .i* Vs'i. •.; •->•<: ; - £-j' ' : ;- •.; ; - ... .. -Is , l,;, WALL STREET + OVERSEAS MARKETS c«+ FOREIGN EXCHANGES Advance on active BY OUR WALL STREET CORRESPONDENT NEW YORK, Nov. 4. active trading setting the commercial banks' PARIS—Narrowly mixed, with Chemicals firmed. A SOLID advance in quietly was apparent to-day as Wail prime rate, said at the opening of operators concerned about weak- Public Authority Bonds percentage mixed, with Regulating Authori- Street closed for the week after trading it would hold its rate un- ness of franc and i in Call ties selling DM2m. nominal of investors found bargains in changed netx week. point cut Money. firmer following Prime. stock. CTl -Hi Canada higher generally quiet activity. Senate Dorm —1 dealings, reflecting delay in R.R. Donnelley(.Hey 255.00025S.D00 221 COPENHAGEN — Lower in Dividend Savin Bus. Machine 227-S00 Canadian Stock Markets also approval of a Bill on dealings. SCA Services ... 51* WB moved higher over a broad front moderate Tax Reform. noroi ...... iso 200 yesterday. GERMANY—Mixed after posi- Bonds fairly steady. Coca-Cola Bits. N.Y. 100.500 The Toronto Composite Index tion squaring, profit-taking and JOHANNESBURG—Golds easier American Motors ... 160.200 further advanced 6.3 to 975.4, diminishing Foreign buying in dull trade. Financial minings while Metals and Minerals put on interest pared early gains. dipped in line !' with Producers. rent, was appa- Golds generally to cents lower, per rent, to 7 per 3.3 to 829.4, improved 11.5 Chemicals easier. Coppers up 5 , rently ignored by the market. to 1238.5 and Oil and Gas jumped Motors lost up to DM3.5, Utilities Platinums mixed. Citibank, often the leader in 27.8 to 1244.4. weaker. Engineerings mixed, Industrials shade higher. n * s. H. *M- COMHOB < |i Nw 4 i Rises Falls Indices : i 1977 tn j ,7nr. : .Vor. i Xnv. — - ! r iRWies Tnufert—1.844 Do— 1,084 : i 4 15 2 f Hlfib Ln« -DOW JO* SB I ] NEW YORK Dawn— 369 ' Same— 401 r ' — f 7*— 50.27' 49. BO 49.78 50.15} 57J17 49.78 j New BljjbB— 20 New Lows— 53 lau ptnw-iopilat«fi lZ/11) , l «/lv I I l Snr. i .\ng..Xnp, i*ri.i Uct- Sow Nor, i i ; >n l 51 ; 1 MOHZBEAX ' Nov, Nov. S&ov. i lnHn«mKl... l SOO.BS; 806^11 «S.7B 80Q.8S 1061./® 4L» * B05.B4 80U7 91U5 522.68^ , a a 1 j I ‘ 1 , (3/li iS/11) (11/1/76)1 (£,7*J2i | J I | H'meB'iMe* 91.36 91.471 91.75 91.87 91.85 tf.47 stIUHl - - 158.411 108.47 il'/tfj 158-02 (23/10) 81.78; Toifufltrtal j 1B0A8-' 158.0sfls£L44 r I I LombmeH 188.80 (85/ 10) [ ! CnmbiueH 168-54; 167.07; lBfii® Transport.... 1 M4.B7] 2013a 202.52 205.64, 2UB.0U! 205.79. -40.84 199.60 <7a.a8l .15.24 j • ' (7/2/SB) post i 868. 985.8' 366.71 1087.4 I 881.0 (25/IU) | TORONTO Com 375,41 V (107/ Utilities. 107.791 107.23, 197.48, 108.98' 109JM- 198.40 118.67 104.-7 1BB.BS 1038 I ! i (82/7i 1 (204/68) (284/42) ; JOHANNESBURG Tnulioevol. ! .1 i I crirf 197.31 188.6 10B.B <14.7 (17/10) lia.4 CM/bi j 1.1 | G 196A OWe: 21,700.21.7M 18.09018.090.29.760!29.780! 17.170? 17.070; 181BJ0&C* - — _ — ln>1us)rnl« 201.7! 200.5. 200.ff 199 A 911S (14/105 180.1 122/41 * Rasa* mrtei ctnnaMt •’ram lump m M Nov. i Pie-. 1077 1977 4 nan,' Hi^ta Low Pre- I 1977 1977 ,lnn J Oil. 14 Year ef>n (approx. i Hisb ( Lnw | Spain (pi 70.79 RMfr iUSLii 64J7 ind. dir. yield % (1/5) 1(21/10) U6.66 447.23 ' 4ts.(l aio^b Australia wit 306.7R 305.76 XftJi M&tse ; 1 Standards and Poors —10 and Toranm Germany tri eoo.4 BQQ.0 800.4 712Jb 1 ‘ 300-1.000. rbe last-named bated on 1973,; lnduitruns'100.84 lOO.fitf l.77i 182-09 1I h.»Zb.trZ 69.8898.88 144.64 -J»2 , I 98.34 . 99.88 10 | (4/1 (10/4) ; ; L) j (» Sydney All Ord. (b> Belgian SE ! ! ! . M/ll(A7li (2/11; (IbbMtluuiMK) 17.9 77.5 i&.G ; ! H Holland (?) 4m 1 3U127SL id i Copenbaizen 1/1/73 tCmnpnalle 80.71 91.361 82.44 92.61 107.00107.158 90.71 r ISMS 4.40 * (JsSiSl SB \ 91-BS 30.78 | <4/bi ; fJ-l) te) Pam Bourse USL « CommenbanK I Aiii k 436^4 , 462,17 * Id-Mi | December. U53. F.T. CROSSWORD PUZZLE No. 3^11 .4 prize of £3 trill be given to each' of the senders of the first RACING BY DOMINIC WIGAN three coned solutions opened. Solutions must be received by next Thursday, marked Crossword m the top lefUiand comer of the envelope, and addressed to the Financial Times. 10. Cannon Street. London, EC4P 4BY. Winners and solution mil be given next Saturday. Sailcloth could/be f Address 2.30— 3.00— blot3.30— on handicap SAILCLOTH can round off what this year, has not been out since i uiuhc t erweb has been a memorable first the Aske Handicap, but. Oisin season1.30—for William Hastings-Bass half a iengtb adrift of Sailcloth with a clear-cut victory in to-day's from whom he was receiving 5 lb renewal of the William Hill defied fop weight in a handicap November Handicap. on Monday at odds of 14 to 1. Lord Porchesster’s Newmarket- If, as his homework suggests, trained handicapper, who has the lightly raced Sailcloth— been a model of consistency this making only the seventh 'appear- term, having finished either first, ance of his career here—is now second or third in all his races, better tbap ever, be is certain could hardly be better treated to fake a great deal of beating 1 take him to win at the chief DONCASTER expense of Chester Cup winner Sea Pigeon 1.00 Bcrmondo and last year's winner Gale Bridge. 1-30—Stanwick Maid For National Hunt enthusiasts, 2.00 Captain's Beauly there is another fine programme Irish Noble* at Cheltenham, where the feature Sailcloth*** event, the Mackeson Gold Cup Zelcnko* 4 could provide a turn-up In the CHELTENHAM form or a win for the- fast- L30—Fighting Fit improving Bar Rock, whd shares 2.05—Bar Rock bottom weight of 10 sti with 5.15 Miss Boon Gay God. WINDSOR Major-General Sir Randle Feil- Stone Thrower den said at last night’s dinner at Cheltenham 2.45—Char bonnier to honoar the sidelined Tommy Stack, . that a 3.15 King Shaw reconstruction of the members’ ACROSS 5 Characteristic of clasi to give stands was being sought for Chel- information to boy (7) 1 A miner leaving ibe pit will with bottom weight of 7 st 7 lb. tenham. 5) 6 Try part of competition music be discovered (4. 2. and IF there is a blot on the He was quick to point out, f4. 5) 7 Features go to por (3) handicap he is surely it. bowever, that it could slow 7 Contemptible and quickly be a 9 Clannish symbol may be up The easy winner Df Newbury’s process. spotted (6) ,p tbe pole (3) Kenneth Robertson Handicap We hope in the first stage to 8 Place for putting eastern 10 Atomic energy station estab- over to-day’s li mile trip, in 500 incorporate in the plan . novelist <6) lished by Beaufort (9) which he forged 'clear of tbe covered seats and additional 14 Example of domestic crafts- BRUSSELS/LUXEMBOURG 11 Don't at any lime be afraid, furlongs opposition 2\ out to , steppings The , For 1.000 people. , manship f9) you can depend on it (5. 4) score as he pleased. Sailcloth has floor struc- total area of the new \w . [ h*-u» I 16 Act is about average when \+ 12 Cable supporter for extract since proved that there was no lure will give us 20.000 square lowered (S) from the Happy Londoner (SI fluke about that success with two feet than have for IT Communication about upper- more we now 13. Look oui for sound of Cock- highly-creditable displays at ancillary class dwelling (Si facilities. ney greeting (7) York. “Tbe total cosi of this.stase is 19 Your belt sir may be made of 15 Girl srudenr lakes care of In bis last race, the Aske estimated be £750.000 fZ) to between (41 hair newsman Handicap, also over to-day's trip. and £800.000 at present prices.’" ! 20 Cloak for a wan child (7) 18 Check makes dog secund-class Sailclotb separated Lochranza Cheltenham make 21 Sportsman who may be expects to (4) and Oisin after fighting out a a substantial to- rewarded with ice-lolly (6) contribution 20 Walk In front before having close finish with that pair wards tbe cost, with .rest, it 22 Forecast cover will be first- the to give up (71 throughout the final } mile. is booed, coming from Levy rale (3-3) the 23 King amended fine on cutter Lochranza, a winner five times Board. 25 French resort king finds f5> pleasanter (5) 24 Man’s people one abuses (9) Solution Pimle No. 3.510 26 Retaliation involving Cock- to BRAZIL Banco Popular Banco Santander f230» 7 ney's bat <3. 3. 2) BBSHBQHQBHnH "I 'l'btv.lYh Banco Unmuo n.OOOi j.'niT; J Banco Vizcaya 27 Dance with Georgia f5) ] — la E E. E E E a 3 Banco Zaraaozam 28 Blame strike (3) ISSHECEE HEBHSaa A VHILft. > JO. 12 is.68 BanknnJon ' • 29 Test ground by river crossing a S SJ - Q E .'-S - G mo -i nnn BP.i ;+ .1 0.18 4.10 Bonus Andalnda — ««ii31inetn UH> -fl.12 Ic.sa Babcock wtlrox (5. 6) sessh- a^nanssH u-vbm. I’P. I- .050.12!.. 63 C1C ... DOWN a h a a a e »,)u Amor. UP.., r 4J.20'b.Z7 Oranados EBEUE/HaaEH- EJQHE li innpvnuu UK.. + 0412,8.18 18.04 tnmobamr ... • I. 1 Interrupt cuuple split down • ; .Vrmhu PH *0 30.10 ,4.15 K Ara«onc*as S'" s S. a E. :. H Esptmoia Ztnc the middle (3, 2. 3) Mini! n i/K + 0.023.1)6 .5.92 _ ' Etpl Rio Tinto mmmu ssEBasQEHB viii/h tnu OH UM .7 80 leader - •) 2 Reason a Turkish a m a, s a :e..b l „. HI- Hi-— f» + UJH.0.13 .6.96 Fevaa «80> enters to stimulate action (Si HOGCiOBG- manhh Praosa 11.009* Vol. CrJj 2n7. Stian-M 34.Bm. rial Pivcurio* 3 Pardon conies up for man a a .a a • m b a a Source: Rio de Janeiro SE. iTrupo Vctazouea *400. with stop-watch (5) anBEHEB sansnsiEi ntdrola SPAIN » Ibordocro getting -a s .-a .H 4 Sound of the herd s .b a Novi'iabcr 4 Per cent, Olarra .. HSOSSaSBHOES 109 — Paoelrras habit for starting car (3. 4) Adud Resnidas ... Kanui Bilbao 2W +1* P'-mlibcr Banco AUiintiH) 11.000) XU +U Pdrolios SOLUTION AND WINNERS OF GgaaaEEQSDH bee Banco Ct-ainu — S*0 +ifc Samo Papaiera 3,505 E- Banco Euenor 240 +10 Snian PUZZLE No. a e s a b a Banco CuwraJ 3* — Sounds) Following are the wianers of aaasE .anenscBaB Banco Granada (LM6I MB — TcWonJca Banco H (scant) ... 2M +1X Torras Hostcncb last Saturday’s prize pnzzles ra a ' e s ra n e q Banco Ind. Cal. f 1.00*1 Tuba ce* sEsasHEEa mmmam union Elec. Congden Court i B. ind. iTodlicrraneo-. Miss L. Mare. a. a ra ,e "E'- q e Cliff Parade. Hunstan- ' "A," 6 .tJHEEEBS . SEES Belgian notes : Overseas prices exclude 8 omnium. dividends u* after Norfolk. . '0 ton, E:.Q E H H withholding ta*. — ^ 4 PM50 deaom. unless otliervtse staicfl. V PtasiM denora unless dffierMK Morris, 27a SL :a00ES QBBnHQB 4> Mr. R. N. 0.0'B,'B Stated JL Rr.lOB denom- unlcis otherwise mated Fraiw denom. unless Petersburgh Place, London W2 55 HE othcmise stated. 1 Yen 30 denom. unless otherwise staled. 5 Price at thne of Ena HEnnasHEsa ituspeaMoo. a Morins, b Sctilllintss. ' r Cools, d Dividend aft*-r penduiaa" riUhCf 4LA. and. or scrip issue, c Per share, f Francs, p Crass dlv *i. hA^usKd dWfctend - s- a a ra m 0 o b after scrip ond-or nshts. issue, ft Alter local uses, m % lax free. « Kratna. Windsor * Div. Mr. J. L. Salt, 21 aEGHHEOgS asasa, 'ticludins yn/ioe rflv. O Nam q S&arx spot. nd yield exclude specuf rindmied div. u tjnofflclai tradtniL nMtmjrto halrters only Road, St. Annes, Lytliam St. a m m a 0 0 m si oapment. pcwlma. • AsfcetJ. * Bri. $ Traded, i Seller, r Assumed ar lis rlsh^. af E* Annes, Lancs FYS 1ET. HH0 BEaE«S0S0fflaB dividend, sc E*. scrip issue, sa Sx alL a latcrtm since Increased. : . "; - 4 ^' 1 ' , - - ; . 5 — n N . " l 17: COMPANY -NEES -^WS^mrasn«riaeX»^ICM^:::: - Talks on Credit Suisse liability By John Wicks ZURICH, Nov. 4. pany -. &_/ thiaatffnitig^ tije'three Pegasus. circulating '"i* Rumours Credit ’ s‘»i>. 4 ^ er THE LIABILITY Of -Woy.Tw-weelrv^eek for, « #erwa ot.-bx;rix among methe banking community “'T'SmSSSws^SSSSS:*' ^ Suisse for restitution of un- s“88est.-.that ENASA is looking i 5 paid negative-interest sums Is * ^w-V *- cersfte TopreyOTt thc-conrj^jy for a sizeable loan which, may : ^! : v io be the subject of ulks this . Yhey,-haige :iadieatcd well be. easier to obtain outside ..t,^.-*^-.-, between the Swiss Federal their -inteotKiii>' of^^aftpealhig Spain than inside. Council and the country’s directly to One factor which might make to*; next week. An parties. watt. the Government National Bank tomi; :'They : are:atgB&ff act is the "** amount put at about Sw.Frs.60- * bHi £ WAJBAid aJfafeeofttr&lfed winning of a recent contract In ' a •-•*••• 70m. is said lo be owing to the ” • V-V .-/ --camnaiiy—VWT • hnkis »^ gftfrer Venezuela whereby ENASA will {authorities In connection with ' ‘ • ***** «akfr-r-thEv - GoVarmflent build two industrial vehicle r8£ irregularities uncovered ft*- plants. the has an cbliaatioa to,enaur»4hat . The units produced there (his year at U>e Chiasso branch, drastic' solutions- like 'the .one will be able to be exported to all of Credit Suisse, In which xififc * .are. not adopted^:-; t-‘ countries in the Andean Pact wi^&txXmaA Sw.FrsJ2.17bn, of clients* • Meamvhifc it revealed >-*M®23ra was fiduciary funds were mis- to-day that a group of four major banks— directed to the Liechtenstein Bilbao. Popolar, Urquijo -company Tcroa-Finanzanslalt and Vizcaya—had agreed to pro- could 1 The figure Involved — -.- ‘.yide a special - . .-.. - — $50m. six-months ,. - ., rise to several times the debi^ 'V in* -a-vde -and ft^MCtor? - of dampener measnrt*V.of- the credit to tide over Spain's second unconfirmed . reports from *13.. automotf#*&i4ustiy-showed^^ begin tcP,taKe effect, largest steel producer Altos Berne claim to as much as British Leyland fiatLir 25 per Hornos- di Vizcaya. Like the SwJFrsJ290m .—-if the non- payment of (he negative interest due is treated by the, authorities as though it were a form of tax evasion. While the National Bank considers the outstanding amount as a straightforward debt, certain circles In the Finanrc Ministry Husqvama are understood to be in favour of extending liability along - 'k these lines. A Ministry spokes- rDETTE, with a tarnp^ar hf ^approximately •KppllcJiilMui vid c-iaqucs will noi be ac&newtadged boi ywu will xocmm joar hopes to-day said investigations United States aeerihg p- le&dte^rasBufectflrer man The of America is one of the world's certifies!* for the r.ustbar of imiu allocated trim, row: weeks of our receipt S$0m. f is were not yet concluded. application. will isouad the nBcx ruling the of foil, strongest Its strength, is el Tom ‘Jrjm be at pnee at don -group,* ftE mariusn^-wr • nohfflhg economies. based on the 1 In the- Chiasso case. large busmen ou Ute dz.j preceding receipt of tout application- Tor information f andVamSlar pro- country’s sb’sndant natural resources its purposes only, the cSer pace of tuuts at the cloa* of bnsinras on 1st Norowber ..„ ,_ foothold in- oam*extfmtoh dashed mainly or wholly and com- ' sums of was Tne gross annual yield at mat jnka was o-l% ,ji : '-- 4373 C4-9p ocnuMd V .. . .-. V'SStt&kraiux-fa ^iven to cesses.' . to free h iJ, x' * Italian money were held for mitment enterprise and the creation cf profits - By WUlimn Dullforce lucerne Distribution. Tbe L-.comt, net of tax at tbe basic rale, is payable ! - '!pftor ^atmounce d f.JCwfaty for -.Schloemann-Sicniai- itself also 4 ^ some time in Swiss-franc and prosperity. axnnaUy on CBth July. The best distribution in respecL oi ibis appbaaoox JftCtipn moulding, fi^l ol GlQUcester Engineer- manufactures in STOCKHOLM, Nov. 4. urdl bo made on 'Sih July 1B78- accounts. Apart from the Tact addition ti-.c dollar is traditionally stable Ghjoc^ter^ otttar.plastles In US a Massachusetts. blow^aouWh^g^d THE EIGHT-MONTH interim fiduciary accounts may not Tha Charges. A or.ee only charge of 6% is included in the offer price lo cover •...'* that currency znd infiatiost .* 'he offer -for- is machinery, though {.it;, is best has overall been kept lower initial ciupesucs uic!udisg coxanusnou ol li‘, to tccogrused professional advis- ; ^Gloucester from Husqvama. the Swedish francs. a be held in Swiss ers. An annual charge ol 1.4-VAT) of me value ol the Fund ii deducted 10 u^- -atf. leading' pjamncqt of than in other Western nations. 3^, maijB tyy BattenfeW, a sub- known, a electrical household equipment Switzerland imposes a negative- cover management and adtrcaictrukna expenses. ‘>ary - of-SChJoeraannrSiemRgr mills -for. the .steel and Piccadilly to and motor cycle manufacturer, of per American Fund aims .achieve maxi- Capital Cains Tax. If you are a batricrcm taxpayer you wiU generally incur no ''*' interest commission 10 j* liability units, if you paying at . ,~~lcb in mm is 51 per cent nah^ferrous weta] rndnstriesand dashes tut who.- 7011 sell your arc a higher rale of lax ’ the Board's hopes of cent, per quarter on new mum capital growth. By inverting in the shares of *-’• the am--- o[ solbn-r you will bo Liable to C-'.piul Cams Tax. For the top rale tax of precision bearings: . il V. led . by BMH, The offer*!* . revived 1977. It * earnings in foreign Swlss-franc accounts, is Lability of as against the ;•-*•• industrial as.d commercial companies in the USA payer there a maximum only l-l°s no anal rate y-u *rttr- advantage of the Pices, clude losses, estimated at about per cent already withheld 25 months. However, these fears are related to essen- dilly Share Exchange faefliuns to putchas.:- uni la in this trusl without incurimp Kr-8m„ deriving from the effect of the repayment sum to iho aermai selbr.g coats. B yon wish to invent b7 way of ahare oa change. plees« 1 AS*-DJf' reports tially short term considerations and we feel that the consumer Items-' the “ pos- attach s list of the 1 a veatmonts which ye r srtsh to cx chan go with the coupon. J ' Of tbe krona devaluation on clients involved to cover he First Viking .-•- rr- i-f Pittsburgb.-’-V * . American is attractive rom company’s foreign loans, nor any sible governmental demands." market extremely on a 3 year rollback-was for ‘Alcoa:add. transfers to reserves to cover the At the Credit Suisse's extra- view. ' To : Piccadilly linn T rust Management Ltd. Trusts its rfetribntors only. Common ommodity cost of pensioning off staff early, ordinary general meeting in US companies are raising their dividends, high. Wiudpate House, S8A Umdon Wall. London EC2M SUA. (RegisMaed Office). sheet .^Od^hte products alloy" . which is calculated to be some June, however, bank chairman Tel-.0i-ftj8 0801 R-gistered in England Mo 756236 . 1 liquidity activity .about nbe^RM of total corporate has produced among ;; #HtR3&A comprise Kr.9m. .Dr. Oswald Aeppli had said it U ’ 1, wtth 10 mve.-.'. £ imLuroum f^SO) in the Piccadilly sh^pinenta ^to distribu- second line stocks in anticipation of takeovers and We company Husqvama performs to what extent American Fund >nd enclose a lecuttancc for the full amount made payable to ?- ' Normally was not known fm$t - BlDi37.4{ * r - ; . *'v there is evidence significant institutional funds Piccadilly UnriTi-ntMuiagotnont Lin. tors. well in the last four months .but demands of the Swiss fiscal that I " that ! am.- we ai * 1 " i "y- — -x.ry-sftvr. . * -rrrrr? LME- Tttrnot.r i? (iWi low Of 10,000 S. African varieties uoquau-tl ois. M-mma: Three atunths 3T4. :3.9. T4. HCCA—l.otfoiidi ex-form soot pruvs. VEGETABLE OILS Kerb: 77i 1 upward trend till; 11 II . fin.30; nil: the -i 72.9C ull: Oats— mi: 'Encouraging .Uati.'b 2U60. ] 62. —2I.O ; 2333.0 51.0 and’ ColomWlL . : lAZIL £ £ £ X 1 io Xtndon tin prices was a strong Mat 1E1B.6 20.0 — 26.C U4n.u-1795 ml. ml: Dil:.tul>. HatZi (other than MEAT/VEGETABLES ; . 'pfodnCBBt" for nt.51: all: 11. cocoa ; irld's Ijiggest hvbnJ sccdin^i ml: n weak coffee — SMITH carcase prices : Penan? market FIELD—No meat rally; in the 65 1-* +8 • :to Ca»li 648 9 + IJ5 ! M?pt.._ I57W.-&0.U ZS.O'liDU.l- ir75 i75.51: nil: nil: nil Buckwht-ai— all ml Nov. ve a greed Dn'^olnT polfcy : — quoted. NEW YORK, 4. recovering earlier losses. 4 nHindib.. bW-.S +.7b 682.5 3 1+1.15 tali ml'. Millet —33.93: 0. 7;*; 5 n. Dec l-Ii/.t; 15.0 —10.0 I M0. ppurt Krarld toffee pricesv-tit: MEAT COMMISSION— Averase faistoefc on ~L ScUt'iil'iu. &49 + X.B i.Vi.t;: nrJ: 0.72. 0 . 6 ! j. ^ram sorahum— COFFEE suraed ahead the new Brazil 1 Matvh 1582.-J IMO -10.0.1630.0 prices -. til U.S. domestic lead 1 at representative marheia on snnuuaee'd: In ."Bog^la Tait AX;rise Cathodes 7J.4.T. tut; ml; tnl. > r.:.4i: ml; nil: ml 1. Colombia Joint markdtaK move. Gold . November A. CB—CaiiJe S3.3t>p per 1. to 32 cents a 4-B-ll 658- .5 l^a 641 .5 rl-Zfi Soles: 3.»'JI (4,009) lots or 10 ronnes. EEC levies are sfso uiTvcTlvu for Sov. 3 rose and silver and pfafinom gained . prides- by cent + ( ghi. Aio Cctf cucablan- '^Goffee^ kfi.I.w. t— 0.17); UJC.— Sheep 124.3p per 650- 662.5 liKcmatlcnal .Cocoa Agreement ilT.S. fur It-.- folio'.vitig ilours tu-ilh previous ground hi sym paths among prectonn ' this week by .5 + 1. 5 +1.» twets- Federatiqtl'*d(RCIitt- sq.18. pounds ainouncedi | fcR.ost.d.c.w. »+U>: CO— Piter 30.1b por 638.5 + 1 mijit per pt>wnJi— Daily price flov. bract ''ivy in omu ol acipuni per metals. Copper was ftroi at the rtnse. producers there, gave tbe t: st. Lav. (+0.1,. England and Wales- ?. Jeatflpg — • •60 ! 1 1ST.S5). IndJ color Nnv. 4: tonne. Wheal or imstd wheat lo.I r>e Soyabeans and wheat both fUwshed on . oy kad’ Jtoj-OfMrjttdatff L_d. buiu. 189 39 pm>> numlvrs' no Wfi nTr t^nr iverace - firot ander- l»day stronge note, bo maize was weak among JF -arketii^:TprP^^^.r«& ^5v4q London market a AmalsnmsieO Moral Tradlns reported averaaeraae 105.32 il3..13i. HOfi.01 ‘ (wins. Cocoa fell sharply, our staff sterling. As a Id ihu inornlmi cash wlrcbara traded . - , r0S,: l '« DUTT1lw rs -• ..•: toria.rtftSPite that ner ceM u ' '4" •’•- ' '- • : ' * -i, \ v^» - » Financial Times lSat^^^ IS S 1 8 2 7 BRITISH FUNDS (7931 I 8?,® "°'i fafc*-.-*'" .???* g& , .<&&&" kssrss&m 7'-tpe Anns. 21® cl.11 - ?‘J „ 1 IK British Transport SU;. 1978-88 66® . i gi.pe Treasury Ln. 1984-86 B&ibO i*® '•; ' Gtoop C1MJ 38 ^' - • S';® S<® 4.-.0 31.® 5*1.7 '• J,![ 7 fil* “• K.A,T. %“PJ **. 4 . oifMI •* •-: = aw- GrWIPssss USS ijfl) :. ... S '4 * * 5 l f >U- Mt '* :« Si Treasury Ln. week’s SE HJ.V. 05 B® : gJjPi 1997 *85*10 This 3V® h •-* “ .Hadin’. Al 4 . nKiSs® 400: J - * - 1 * H3K • L-" *».. ion.'1T oo or t,sh TrartMMlrt SUs - 1972 77 M,,w Treasury La. 199a 2 .-..- 6,755 Monday, October 31 .S^B *5S5S‘ |^e 87t* <« 5«® e„M^, A 5 £51 I Werineofav. November } . * • "^5’^ *» 1 M*r. o«ob.r —.— mm & » » - t%nti.mn SS5 ! Tr n L U» w«* o» «wra «t dealt ta nstordw. Tta tetw ci* be dbthwitted nSi »op> csi/io) 9 1Ma-? 6 6 ”® r= am! also tte, martin* »i2?»wau ,\7 maifctaas latest .» , , “l“ 'v ^*. The list betew records all WMrt^s ^ Tta® ®in -MaPv&ht Duswlss §U ‘ •Mlf™ Hidy*.do? SSopl wWohVi : .HaH'WHiHtto H - fine Exchequer Ln. 1976-78 99 .® Treasury ** **** parcnlhe*®*)- - . JUenunoraJUentmare MtD.-Mto. (Sai^iSni&P) 12 g,.p. Ln. 1999 91® 90® 1»«® , ® ‘ Menzks (John7 (Hltfa.1 ” 5 “ ~- 8 cases,“*« aad tta list caitaet, Chcrafero. be resorted as', a complete record bf [2 iSWe ViUcuerexchequer Ln.tn. 1966 m«:onit;® 12U®12 U® ,*1’% '„*?*- •' number of dcaOnssocOoss marked la each reflJM«*ti« Itltamrenews IMtin namenmc ^»» t» total:0tal;:B«c. 304®-.30'* SS®. T® , n « The number | M BOX , 2 C Treasuryre“U Ln -. Vo*tWa198311109W109*8now® ln10®,0 °. 4v prices at which buriacss has bees den® Barsalaa are recarded tn the Official SBU'SShpHampton TodBSJ^g^' _1II»® !«• 'i 131.: ftaHj paid Tull* . a9 Z- 300- IC^scLp. 12 * denoted Hives arc U and stock 096 13® nXr I 95 i£ ««£nai£ u“E aau^ da^ .f&* p.m. only, later can lededad i®ftbe foltowiaa 1 UunlRUX r *»»“K Lin ap u 2J5 toha E5 SEME'StnmsacriMf S?lSK£SL&9be Treasury Ln. wld. Slade Eadiaaeo secarties are omfed is wand* and fraction* gf powids 3k l?£h«Ser srt’ 1983 II*® i,® 2’,® 1 ';k 1993 HHeO-10 S« Offldat He indication Is available as to whether a bargain represaats- '1 11 pence. day’s LM. 314 '« 3 ’ >« + 2 >. t V _ ar'la peace aad fractions of Treasury ef a sale or purchase by members oF the public. Markings are m aecamarQy S'.PC 12 -' • National CubonttnaCarbonW UOpl , .1 1 (iPcqnsec.Ln. JOOjSntj >3"*i ; 'fiRSTJS.ffirw - . Needier*. C2So>C25o> 19. CfiFTty.- ..«k* Senior executive (3/111 ssb Gillen Bras. Discount 216® 1 3Lpc 108-5 Berlcman (A.i flOoi 69 Davenport Knitwear n On) 424 01/10) 9 GrindGrindlaysLays Hidw.Midge. iSso)1 2 Sol 9809M 7 oil)(311) 97>. (2 • % BMCliam , Ayr County 6 ';pc 11) GuinnessGulnrtss PeatPeat(Z5Bl(25 d) 199® 2 90 Gp «5 b> 623® 14® 24® 608® Daris .Godfrey) <25 pf 801,1 771, 6b EL2?X&bBr3&NetewWH'gPiwi: Barking .'jbc 10 ’ 3 13 21 18 13 20. Bi«pcUi. 81 >y® • •••«. a/-- NawsriMU 168®. ffi!1 ).^?1Si| . 7 100 , .. Hambros ShiShs. (25oi(2501 232®2^0 (3»1H . ffiSSSpH®!!* 3amrt BBi, '2 111 <3(1 1i 32*,* Newtaoid and -fturfcm-. Hldil*^J23' 7 'hx Hill SarnuriSamuel (7(25piSol 94® 3*3® 3 4a 6 WrintSWrints .. . Dan intnl. <25o> 225® 4® 29® '“O' 1 3« 9- JHanctP; 1 i “ hSS?"o» Bel last 6 -7 91 Ci —1 101 ) Beechwood Construction iHIdgs.) (10 pt PC 65-® fipcUnxrcd Ln 69 i 3iil 0 20 4 3 changes at 91-1.®. 9»d>c - • BP Sirminqham Cpn. 7i*pe 1 7. 99 Hongkong SharghS BVq. (3HK2.50I Beam Gp. dOPi 152® 45 3 7 Oawton )ntnl. >2501 102 3 10O «Se> 6® iflm’tta ’rS^- Bnlgravr (Blackhaathi i25p> iEZ of l«rw« |« Newman inds. (25 p* 81.- a;: (3 11) xuxt q;.w iota tUC3 99® 3D5 p 31 <31/10)131/10) Oe La Rue i50di1 SO 01 5BD5B0 618 592592^7575 B48* f?SO) 6-.® MowrlOObam Go i.3 i, Bell Slme,e '255di 678 Very HetehHo,,h t,Restaorants’*taor* '2Sa1S o1 ISO js®: (r _. -.ij n l C5D> '* 4i 3 e m B0 ^ Dr. J. Birks has position but remains a director iio*') « n. w Bemrcse <25pi / been appointed KSW^cmSViV Sl53 si£SS noB ?% Sr|lS .2sp .%474®® 60e® ^ _J 3i H NewN™ (10o> Driwnhwns '2Sol IQQ® lbatffl_7."2r 3. S'— PC DO. 82'j (3111): • SUucOb. "S2«y® ssMawS^ooffi.ai!? susses i.o 0ajj" *s H presidenL 24Js ® v *' *'wu &"*»« STS ^ - * rjvm succeeded Mr! A. f. Gregory * VicVt^.sV’oi. sm w, £ . EIOV® Delta Mtui <25o! 641,8.8 5H 5- .Hoe mSSTr Bs'y 4iS^N»V £® JSriol? ttBjrt «Rj i- 5 Oecvtol HWBS. . Mr- F. A. Larcotnbe has been UdVbLJgh stre 97 On 78 '-V Homhh-iMi Wdof^ Normand : r(M bp'w. 1;® _ -.r ?i ? „i nn'°Vr i° i Hu*tle Northern feoWwnrtrt a5P»t^: 6BKBZ3 NottlnglMBn Brlcfc Pitre tildos. GSTp) TOO .1 w|Hting?o» Ortrtlio* *JlS*D ' _Pbre.ll General 7 ocDb. SR8^a/i1). • Pitney Bowes sireciiVL.O’ •• " * Plaxtoa’s Electronic Rentals rp. <10 p) 1000 98.7 I j 2*11) i*. 31. 1 vr 4'-. svpcisrtSb 98® cknes (25 p> 42 chairman of COATES BROTHERS Mr. R. D. Pearcy hag resigned Elliott fBj (2SPI 105® i : * SO <1/11* | 6 ' F Odens (sop) 45 6 Limood Hidgs. (ZSp) 190® 86® S 8 47 WTO CB.OHWEkcotW* <5p)_6fiITO TO • - P Portfolio Foqam (E.) f25pi 112 <3*111 Reed Interaatlona) 146® 74® Drayton Montagu New <25a) IBa® 7 8>i 8-9 8 1® S7J* Polices CJ.i He«P (Spi 19: Npn.Vto (So. i Imwad r*3o> 28 <3*11, 39 44 l’-AOt 3. -7UPCD6, 73. Oft 7 L 201:0 190 h. i.pcUnsecd-Ln 90 131 ID), Lister OSol 34 *, flfstOt IDpeLir. 84 3 _ #Rg Footwear Industry Ims. ilOoi 59® fSIH) ttverpMl Dallv Post (SOp) 1231,® Reed PuaUshlng Hidgs. 3'tecOb. S3- ' \ Ford Inti. Cap. ConCpn 7WGM7> Drayton Montagu Fortfc^io Management Limited. FINANCE FOR- INDUSTRY HBK DEPOSITS Broad Street. London EC2N i AL. of £1,000-225,000 I H7 OW Deposits accepted for: fixed, terras ; •ri-jv-L..*;. ^ ;* l -- iW*^ 1 6»' # ; . ' - 1 t . . . 1 P ^ - 2 1 » “ . - ' A—. - .. m f ... \ t >JlJl O'** Hutch bon lnt.47® £12*mO 93 4.2»C«.. qSB liwiirlll OH jirtHns Saca. M,U T91? beiahien Hidings 23* S^CS '27 3* OuMneeBer ZS- #*»> . Oatonroe a Cooper Ifi L‘-~.!4& 9r*£ -?r-HSr^ *v* /•-v Pacnr ‘ K1, ‘ *** ConcrMH 3 l SKJSaA* '.aw JSSTaT g Pi Hit on COL £17t® Financial .Grp. ttSpi 97 S* .66 *i;IS8-“"""2 T9 ^!?S2^rfWrtirt "miiw Ubm M .'SSST (2SOJ 221* 17* 16 Villev fc* 9 4. ft. Coron. °i Canada 5M» 66® . Uingmgr.i 5nrm*n .-jS,;g'frs175 Power London biw Lomorj ww 2;t1l Wirfrt Plantations H, EL Pcwe- r -2- Canaca S53S Whim Creek 45 to. «»* l»» «'*?. SS5;.iSo ' twsw^sg Lauan In* MWrrroM Van Dooflra Tai HlflB*. '7070 Sdaroor £*'?; •- s «•» 1 ' .vei'ern i«Vi'.;.'. .y-ay-»i-t»t4tt.f.mnaon ita»g #. to*u.iw» il- PROPERTY (157) nu * 4 4 ; as: a tl.HJ RIIS ..J of ments exceeded revenue W- Minimum 9 tint ted attracted bids he Bank of England to theuie wu.Exchequer*=h and F7MC7gn 54m54m. and all bills offered mentsmen is rr i-J-it: Pitf-iea: per cent, helped ' tmtotm : R»»* 5 a market was also to ..1*5 '2h ?jei ^T-Godali Lend inn were allotted.allot tea. Nextni week '• u-J .Mm.-'- 6^5%. 3^630%2yti.6^%6*n^“ot - :i s.45% 7^0% : - Coldhawk-Goldhawlc - - ^London ;75m 6.00% - . 745%-2yiars . . ' fi& PlaMtPlanet . .- £2d0 ., Magnet . ,6.70% Tyts.. mm. . &45%t45% TriL, 650% ' ;' " 8 — 7.00% •, .Mo¥*«y.Mowbray -r"'" • .00 MeUen . %: 6 % . MeU®» ' 5..7375 r- MidshireMldshire -.6-7^% . » - , . 5,70% 6.75% O mobtfis ‘ . “ yrs ' .7.00% ^ 6- 50 2 MomtoKton : 3-4 5 6.70%_ 7 00% ***,«&». ; National v --6.00% 575^ s yts.. 7rP0%' yt*- .• ' TJ0% J 1 Nationwide*; vv:vvvv“V- -575% 6.00% ; 2 V 7.00% S JTS^ 6.50% Pfc*® 87-' - Estates 10pc Cv. Newi^tle -Pennanent - b.ck)%. -ffiOO Slough r ^75% ; 7.00% 2 minimum - .6.00% 05.ooo 1981 435 J Northernjtock -5.75%- 7*,^% Paishaxesiwax. Toaer.^gmsley 8pc Cv. 30 10 43 242 6:00%. > . 5.75% Wilkinson Match 10pc Cv. 83-9S '-e Pa^ey .i.— '-\W0%. 3yre,7.70%2yrs., 7.45%3mthsjiot 5.75% ; 7j»5% limltd. cos 3 aatiiS. not *. 3.75% to S wrtl 1D0 fi ./. Progresmve, 7J»% 650% 3 yrs. 0* Orttaary sham '“•? ..-.J®* -7,00% . vumlwr L1 i5!?Jf , f "“*W to coovertiWe yts,; 650%. 2 yrs- Jrtrf mv 7.00% 3 «or»ai m oeore. 18 min.amin.-- £500 SihTflcotw- Income PropinciaT - - 5.73% 33- Months^Montihst notice,notice^ daw wWchwar a earlier. per annum nua ^70%r 70% i flrwem Vdlpec 3113 per mK w ; differed *Ma.£S».^ between the premiuin and 'n™"1 SIdpton.- I^SWa5.«».;3 yrs. £l^oo-n5,000.. f Ins eijnity 0 TUP itltTerpnw ; fl^% >.^5 v-, 7.00% - • fS* tit ulatiw deamea. 1 - ' rteapne«. - ts an Indication ’ yr8l,‘650%.2y«-?**-.- c 6;25 * -7.00% 3 * ; , * ^ -ffi 7^% ,201* A3J51® 43‘j US TDwn^dCwmW^^ Shares. .... V :SJ3V- .hare-1—re« at^ ttMoneymelcer+ MODMnnevmaker - ordmRry_l ^ ;;•' y . 8 - , 1 I 1 1 1 —fH- ?« = . - — > . . . STOCK EXCHANGE REPORT Fall slows but markets have worst week for 13 months 75.601 Tfcfl# 70.81 77.6B Govsnurieat decfc 78.02 78.02 -7aei 79.72 "rTOJB^ Kissed interest-.'-—— V76JI 499.8 486.6 .492.1 I nriiUOtrlml OltlltWfy— Z56.S 166-1 144.8 . 14SJ6 sheds 3.6 for drop on week of 33.1 to 476.2 Gold Mlnsa ;— Share index S-44 6.60 8.67 .6*61 OrdL Dlv. yield*"'—*— 16.77 Ih.67 16.39 15.17 £te”.ent e^ea®. HarfljnjuY’ktStfulW) in Ceamre. Surpraed by,the propped ™ Mprt 8-68 a-> Account Dealing Dates shake-out sterling, prices Wallington, 63 p, Itetod. became a late dell 8.46 8.61 . rights. offer and deflated by the Daelan improve 2f to 56ip, Great t»;B HaHo j [977 since Cbmpfataoo e uaujHy con- 0 this sector managed to hold on en F^mstS«P on other Jeaderswere P “poo^ & S. V^^WeiS -.*. 4 t b r f, “ “ -» *« “” concidemdon oi »« »„• menu ana ciosea witn gains of "f0 S/S S, ^5RJS» BriuShVnS,BriUsh Funds o™nedopened firmerfS mer but S Mtafrt'J;i, Jg- J-*p ™ %£& C The .easier dollar having Secondary issues recorded premium; cleft 49.18 soon wenttatowent into SErareverse uriMhmand leading after been up by around 480p. Go*.*--. offi^iad- 17(LS. m renon Royal IW1/36) «/L7l» - list of falls in the , IddwittuZZ. Llhnvirt similarly.rimilarlir. The ^;i- Corporationsorpor werere rarely == =5551 a long J*"?*if? *? \ iSO7J. * equities behaved _ #H ; t r £ p{'^hA ”1 such as Overseas Traders were easier 150.4-- 50^5 apacuHti wg - a**ercd. Elsmyhere.^ dealings 3 ofTwTwWcb took in so. 50 60.49 150. 4 so« Spacuw 33A latter declined for the tenth sur- * ^ where changed. _-S. and (aj/Qf*r2b/ LIM'D7 dfliKl0/1tWiJfti36t TotaU. i r, Repworth Ceramic. S2 p. TCL, 204 p, W. Beife- 1/ 10# <«/!> ) lS83 M a C < • ressive day and extended the FT - b-dayAT*i»m ->? fla .Sr !?J? ims9 “iSidSTSSSS 550 and ford s fa ?d 4 further to mjvwhne 49.4-a a r uch opened r . : Eurco Dean, 50 p, Elson . , s*9 _a »7.6 549549.2.^ 3.6 to 476.2 Tf-u-nn t a t \ Ind* 30-share index loss by I? nepri ^' James Finlay. 277 "" GUt-BMaol- 186^ P^ n ' P- and GID (Mi9 /77 ACTIVE STOCKS OPTIONS TRADED yesterday- fT-ACTUARIES SH ! INDICES dealing DATES and City, Charterhouse, .Geo. no. First Last Last For Marks and Spencer. Wimpey, These Indices are the joint compilation of th^ Financial Times, th of Actuaries and the Faculty of Actoarie-. _T Denomina- of Closing Change Deal- Deal- Declare- SeUle- Grand Metropolitan, Lex Service. tion marks price I p) on day ings ings Don ment Mining Snppiies, Ladbrohe Oct. 25 Nov. 7 Jan. 26 Feb. 7 Warrants. P & O Deferred. EQUITY Thun. Wed. Toes. - 44*i 32.1 Id £1 16 362 5 .' Nov. Nov. Nov. Nov. 8 Nov . 21 Feb Feb . 21 Orme Developments, UDT, J. Fri., Nov. 4 1977 GEC 25 14 256 - 4 2R4 183 GROUPS , 8 2 z p Nov. 22 Dec. 5 Feb. 23 Mar. 7 Lyons, Ultramar, TricentroU Rank Org 23p 12 235 - 3 276 128 For rate indications see end of Howard Machinery and Berkeley BAT Xnds 25p II 250 — 308 235 and Share Information Service Hambro. A put was done in Shell Transport... 25 II 546 - 6 635 454 . p were SUB-SECTIONS Distillers SOp 9 164 - 4 103 120 Calls were dealt in ICI, Car- Averys, while doubles Index Index N& No. Unilever 25 9 548 - 2 596 • 410 less CapeL, Consolidated Gold arranged in ICI, Bridon, Town p Figaro In pimllMHi «baw — Fields, Oil Exploration, Lon r ho. and City. Oil Exploration, Berry Coats Patons 25p S B6 i 14 831 ^ uanlMr of Rocka per ncthn. Commercial Union 25p 8 146 — 2 177 97 Burnish OIL Berry Wiggins. Wiggins, BP. Lex Sen-ice, Marks GKN £1 S 2.17 + 1 3G9 266 Manganese Bronze. Pauls and and Spencer, Grand Metropoli- 663 Z141» 11450 USJ3 (VS 228J03 {XWTTTi Beecham 25p 7 617 — . 372 Whites BSR, Diploma Invest- tan, Bowater and Consolidated 20480 97.40 Bowater £1 7 1*2 - 1 ' 223 160 ments. Allied Investments, Town Gold Fields. urn ero 233m oisim 34590 142.41 167.99 Grand Met £1 7 «3 - 1 MB 62 : W) 389^ 09/5/72) 46526 21916 GUS “A" 25 p 7 316 + 4 347 176 26535.03/1) 48169 _(ZWD/77) 117 r,2 292.60 144.05 168.98 Plessey 50p 7 102 - 1 , <4/U 33222 03/9/77) 108J9 125.42- 02/D -187.45 04/9/77} The abozv list active stocks is based rm the number of bargain : 49^7 of 56.46 m 336:70 (4/7/66) the list under Bute 163 | l) (e) and recorded frest^rrlay in Officia? and 9901 11325 (4/D 137.41(27/4/72) reproduced to F.l’. lib lul - U». ! s,«.nt. 1.n»- .. 106 K1W 26 dl 5 Cu. iWJL . 1 174.46 -03 28.22 5.81 5.41 175J» 17530 F.P. 4-11 ICC. 14* IflOb 108 i -2 £981; tlOU Kv>». ... 206.72 +L7 — 7.99 — 20332 2153B 1974 , v.P. — -flit t*». VhimImf Heie (Ml* .... mP* • 163-21 -23 10.48 4.63 14.19 167.05 L-IOO F.l’. — lull rtiif Uw.l. 'lipJwii.. \mr. 'tK r ...... 100 ; ....~ 17539 •! ‘ 135.77 -16 £100 E 1C 25 L- b Uwill Cnj C'Dimal II\ l^i. 1*6 .... , 8 ,-»s ««!... , tlOf. F.l*. 9 1*; 2U W9 i> C lixn.*^ J^C-jnv. t*i.» . 17 ICi 13531 -LI. £10 • — i»? e, o*' i^ws^ssrJerji OFFSHORE AND ' * TRUSTS u ft Kes. (BdaJ Ud. Securities (C.T.) Vj&itcd Fidelity Mgmt. Heliev — i^gDmOt ItBaHnsvio-j—1. ClarinBCw St-j™™-*-*— 37Eroad St, SC. Holier.aelier. Jan*y « Hamilton. BoraOita. | _ Stbj^^SL sal, St Hoi •». Jeney 02M 72177 pa Eok SiO. , — pwuMj PpB ,, £,. Jiof 7 Fidelity .Mn.As?-- 1 ibrta« nm wwi » won 124 ID | 151 -= BtfsaCHHKtnp^oInfoBe.HSA JH=I » " ,*, assssssr*CatL SlSlTO jd4-SQ^ ni 1 !£«*«»"** Z 48H«*Rr,H«d*7 'Jto Fidelity lot. hutid-l t «a ilaie ^ MiwiT. Trtt^iT O^sflaassr igtc| 370 — • » '--** 1417 ftfij H I STO378 — pU — J2 lH.fl19L9» “-“• «L>S353B _ lnl.j n '-r*t Ji &7M ..*~i -J i FpctuaH.pJauP-pciualCpXSUu-tlWJ iiCto - F.deliiy 1731.73 r»a«Bil.Tn.iCl’ U3J | \ J'jn.JSSj— — • 24.01ac« Zj . JKw «. — . 'iUlU '.WI*J«»'* «««.!.. V^er 4 Fidelity WrMFd — SdUrti^ 149‘ -0/ 55 HcradlUrIMtT.IKO..Ud.*l.>lb) ndcliiyStcr. Kd», 5 |S«4 •wnciA'lntnl.i — -sr gi“i: I a s -a.: «»«» m a Selection Fnnd NV Pm-ilici— ai^-a-0;: IS AsstndiaB >cn'->* U i 57 « - ; tAm-Aw 1 Id-a = 60JS -0J 2 SendksvkwD s& jgjggSgs si1 = ss 55 -2 - ® 15.«0 -03 40.4 -0Aa 4.90is Kenta. 5,dne}- gamjMgajA*-^ glj™ STSSaHoTlCT. moodtty Trust* J^SjCI&SdZfea 3g-« - ^^S^SSSSm 5«0 ir.^lfls - — H5i -3D LEnULisAawta. Sl3 -l.o irSTSSwlS>i I —{ asset value Nor. . = 3701 -0.0 444 NK 1 SsJSffl 8HBSSBOT-™BaBSSBOT-' S0sa»^jp M.S-L0 SX 10.0 !-? Gibbs Unit Tst. IM* r«.V«tDBa.TOU-57.4 ^Weekly DeaZiosz. (Antoni Vg* *50““ RraxeUes Lambert ^sa Shassen HBn.' - 01-5884111 *£ Baam** FsLVluPbi-OjvTtt- |H-0 King ft Bs 23T Bkwnfieldpi I> ECSMTM* 3JA Regancr B 10CO Bnusofc i 24.71 -01 a. Roe do to > .ni' Fond , ; ^MAG l lwgM M fi-i 1 *K tt^VTSSl* *fiT3i FlnnlnS Jtpftn ®^v **&*«&£* i (81 AXJ .G nnlhtt p5J „ iVift — , -J „ 5 aSSESSM* Co. IMJf IHmelnaler The lain * 1*.W HocoNo^i rz: = misem01- s 1 SS’f’fpSlVSH lSI tattW7333 MmwSNov.l-- 3H Ss“‘g% “•“fiSr&Bf-l- Ha • ::z — ThcUsaiFWkesU>M,Ee«. 5 sssss? ? f« No*. 1 ssai£ -5JJ — Deposit 1, 373.9 - rt zd 5S5gSSfw-»ri-. -13 —- Property No». , -f^ W®® S*2S S££&I SI U!l ?!&&?. - “ OBwnipt Sb pSSs , ffiHEMBzW -Md'S_ZJ 338 1 Ltd. £d -iSft I „ Pro&ertv3Nov.l fk2ffi? £vs •’•‘..‘ISL*? ^ Corn bill ItInsurance Ca. *£ttmpt Prop. “ M2 iS z: Com Btj4-wr.Trt.Fd. 33 z BBfiSSi S.C13. 01^SfiS41O 7 .-Sal Z4 a» Growth Fund 3a.Corttbiii-“ZTwrnhiU -L7 — *BSPnAee.Nov.: = z sfesTisrrtgS2?A ySStwfe^N*' wider • tot tEs-subdiriatm. ei4B84»i|^octi5,_-| sm .... J —3i — elSanJ’n.CpJ'fo*! „ - before Jersey j = nggSBKtcZ ftitamrUaita.AdMln. Ltd. .Are-sr*)-,- -t-M — «Un£nftenNov3, 1 aiiwwsv--- , an . ks“s 4 Charter cons. 4 [Charterhall Fm. 22 Icons. Cold 13 IxtioT-Zinc — on the age — — . • :' *, .. , 1 Cruising means STRATHSPEY 1 1 9 Whisky. l m Wi Wm l wm 1 IU iMMBH November 5 1977 Saturday ’UrMisneachd' vs/'h MAN OF THE WEEK Assembly election date set Young BY ANTHONY 'MORfTON AND PHIUP RAW5TORNE Mr. Teddy. Taylor, Scottish THE GOVERNBIET hopes that Scotland is to be given priority in A Commons majority for the said: basic the first ejections to the devolved the' Government’s legislative jpro- legislation now seems assured spokesman "The assemblies in Scotland and grauime. and Government Ministers do objections to the Scotland Bill pac in Wales can be held on March 15. It will precede the Wales Bill not expect to encounter any are that it puts Scottish MPs executive ' in a nonsensical 1979- The two Bills, published and the other constitutional serious resistance in the Lords. Westminster yesterday, stipulate that the measure. European direct elec- Rebel Labour MPs have been position, creates a separate by bureaucratic executive and that m assemblies shall have fixed four- tions. in the Commons. gradually pressed into line year terms, with elections being Both devolution Bills are ex- warnings that the Government the cost to the taxpayer is exces- fail* Marxist held on the third Thursday in pected to be given a second read- intends to treat the issue as one sive.” Mr. March. ing during the week after next. of confidence. The only free vole As foreshadowed by guillotine motions will Michael Foot., in July, the Stormont, in Ulster, Separate will be on the question of also had a the changes by the Government CHRISTIAN TYLER until then be introduced by . whether the assembly elections made BY fixed term it was dissolved. .this largely in response to Liberal Even so . does Government to limit the com- will be held on -a proportional are Both the equity audv.'gUt- to The Bills, also for the first of the legislation pressures- and its power to over- *3 ustif yesterday’s £ mittee stages represented - t j i F 8?riLlif basis. edged markets , had their n ov fallieu o.o£ 10to 476.2 TO BE CHAIRMAN of the time, outline the question on to be taken on bte ride actions, of the devolved index isgue which have Nationalist com- falls in giv^ ^ 1Ws at the MPs, though sharpest one week sipce 3 roup’s largest subsidiary the ballot paper that will be put floor of the Commons. administrations is (restricted to that still do id the balance Shetft age of ooiy 34 would be con- plaining : the bills the grim days of October last in referendum* of resident voters The Government’s aim is to pet “ cases which could adversely £0fll not meet the legitimate de- fact that De . la sidered good guing in any in Scotland and Wales before the the Scotland Bill into committee affect matters which are uot to year. Indeed the equity market mands” Of the Scots and Welsh shares in their capacity as £4;im. jusj a year.ant&a^ business. It takes some discip- Acts are enacted. before the end of the month and be devolved such as defence, has fallen every day ovejr the people, will help' the - line. bard work, rulhlessness and to push Indus- underwriters. . ago. Clearly the conqjair is: want through the Commons by Easter trade, the economy and last fortnight and. the FT Indus: The question “Do you legislation through. ICTs share deep commitment. next year. trial relations. trial Ordinary share index; Undoubtedly, -keen To capitalise ,en iej'i the provisions of the Scotland The Liberals yesterday greeted is with contributed, -much : If a of th3t sort goes on Wales) Act. 1977. to be put The Wales Bill and the Euro- Discussions would be held per cent., oil- register has share price. Durihfc-r^ man (or bills as im ; now some 13 Us direct elections Bill, which the “a significant administrations success of the offer. IMI to stake his reputation on a risky into effect?” Voters have to put pean the devolved mid-September peak. The' pic- to the financial, year the.- laller^ provement" on the Government’s * is to published on Thursday, in about wrtb-awitfl-a widewiae .’ political investment, and is in a box marked Yes or be when .they are being been launched doubled since .VjrififLtVyrffiL .. a cross original measures. Mr. Russell ture is not quite sierbad in terims has and since j vindicated despite the opposition No. would trail some weeks behind. the possibility of limited powers of shareholder^ most. of 1 .-*' Johnston, leader of the Scotrish of the All-share index ;/*vhich spread it has risen! by ahethetimi' chances Party Scotland Ministers were said to be “very the ...L-n. «- rpawfflilblv hnDS: - e .-.wl of the main Board, the The Labour in to raise taxes to supplement it may reasonably hope, snt. yesterday that the two Liberal Party, said they pro- Only hit its 1977 high two weeks whom, :C against a 6 percent-'/0 arc his claims to the group chair- wants to settle the issue of confident" block grants. investors. And be vided “a workable and However, the are long term in the market. - -’Xi : manship are taken very seriously. nationalism by including a devolution measures could The Government estimates that ago. growing acceptable basis ' for selF- in making the allocations to the second question putting the pushed through Parliament by will cost stream of rights issues w -sap- Slner In many ways Arthur Seargill, government, devolution in Scotland independence the the end of July and it was em- though the Liberals ping institutional liquidity^' option of in capital expenditure . who is now 39. is typical of the would press for Scottish £4.25m. in tne oner, phasised that the precedence the leadingrr' bankers to -• hope that the electorate would in annual running costs by-dose tis a successful young executive class. Assembly to .be given stronger £13m, reject conclusively the issue of given to the Scottish Bill did not navehave oceubeen »»=>less generens to IVell dressed, fluent and tough hei economic powers. and £2m. for the referendum. ;570p tost night, partly^ imply any lack of commitment white.forms. . separatism. The Government is expenditure in potential stags on *5; works all day and much of the devolution. But the Conservatives said the The comparable .SSS opposed to this move. to Welsh Yet a number dMtaSE £4m. ’ night. He drinks little, smokes Government envisages Bills were only “marginally Wales is estimated at two banks and four The Scottish Bill, regarded a* The The oe juiiitrcu beforeuctutc themo not at all. and rarely takes his £12.5m. and £1.25m. remainsmain toio be jumped , idaiing that the referendum? would be different " from the measures brokers handling the halYVrouirh nf ! vitally important in consol £68m.'IMl cod,-, holiday entitlement. last Details nf Bills, Page 10 offer can he regarded u a Labours electoral support in held in September or October. rejected session. offer for sale the largesr the A man without time for outside — football market has seen for a long-time, interests, nor even now. werethere is a conUmriD*l-oquijujus danger .hat . _ , - . apart from the recent BP block- he still gets some fun out of his speculators may try to cut their W JghJWS®' mimicry his Clive buster — have managedr to gt^ ff talent for — losses unless the ml price Jenkins is highly rated. He drives Merger call squeeze through^ with an .issue recovers. Looking ahead, prob- a company (N.U.M.t car a 1.43 s^rity . — awarded just times subscribwL :Bjat share- ^abvfr mnaj Farm workers leras could arise when they have had to rely heavily on ^ holders have to pay their 27p lhe nf 61,000 iCl share- d by large support If selling call in January. does : f“ holders (some 12 per cent, of force the share price to a- die- the total) who applied for 84 . J5?£LWwiS -Sw 12-13% count on the offer price ICX rises worth per cent, of the offer on U.S. group would be in the slightly embftF: '.-jjj®' JWftS? preferential pink forms \ and .JJJ - rassing position of having im- BY ALAN PIKE, LABOUR CORRESPONDENT were allotted 90 per cent. Out- *>”<* By Stewart Fleming posed a loss on its own share- f&X: side investors, who applied for holders. ; Wages farmworkers’ general secretary, Ministers clearly hope that the NEW YORK Nov. 4. only 13 per cent., have been . THE AGRICULTURAL Ir looks as if a sizeable market Tiissmnnrle ’ - y. the said that he was disappointed promise of action next year io allocated just half of. that, while Board yesterday exceeded A . LARGE restructuring in the operation will be needed in with the outcome and believed bring firemen's hoars nearer to ' the 2,200 ( per cent) of exist- - Government’s pay guidelines and U.S. steel industry was proposed 20 order to «niooth out fluctuations.- De . Beer’s share, pried: they deserved more. the normal industrial working j in- Eng- shareholders. ' • awarded farm workers to-day when L.T.V. Corporation, ing USD Who during some of the trouble xisen :hu a nlvth' tbw 1 Talks arc continuing on an week may take some pressure nut * * land and Wales increases worth owner of America’s seventh applied. have come awayTvitfr 2f periods. In any case,^ it. seem*'^2??S improved offer from British of their claim for 30 per cent, ’ •’ tk.. Jtesterday-'sJ«sterdav-s rneWKnews, ihei- itts.t- between 12 and 13 per cent. largest steelmaker, proposed a per cenL ‘V v •likely that those institutions^ increases. '• Oxygen tn workers in its gases which did not get their fall trad. •' Selling Organisation 1 While the award, which will merger with Lykes. which division whose ihree-week strike however, that By Wednesday, the day before wiJ.’ £4 Indications arc, operates the eighth largest. flUOta be able to. pick up all ’increasin rough" bring increases of between * g gem d/afil has seriously disrupted many the offer closed. Oil's share' • 7- ** this will not be sufficient to the TMI shares they need ovcr;- ii . week, is far below n , and £7.75 per : industry. The steel operations of both - sections of satisfy many delegates when the price had dropped the last the next few weeki al--aroilild £ the National Union of Agricul- S^f!^S^SSP company's original offer businesses have suffered from ' The Fire Brigades' Union considers 'of -52p,‘ . ., Allied Workers penny to the offer price the offer price. tural and the ...- the limit of the the severe recession in 7 . «rease pri : record was near its pay claim at a conference in having fallen no Ie$s than 9p 7 r and >fp)£ original claim, it will encourage • Government’s guidelines and the Monday. industry. Lykes announced to- " ihnfy;; eight ’ qionths afteci'Bj Eastbourne on during the Since " the _ Mu-! other groups in lower-paid sec- give week r 1 new one would apparently day that it had incurred a third- ’per cent increase. to seek rises above the Hr. Rees said in a Commons announcement But by then the Ue La Rue De^l® ; tors an increase in basic rates of quarter loss of SI 17m.. bringing wage norm. written answer yesterday that the - 7 Government about 12 per cent., plus improve- its loss for the first nine months news seems to have got around'' •Having sold off its loss I informed the Government had * ‘ , Mr. Alec Lewis, chairman of ments in a productivity scheme. of 1977 to $175.4m. on sales of to the institutions that 'it Would ing and cash hungry Formic employers that it local authority at - A °f the National Farmers Union em- Mr. Merlyn Rees, Home Secre- $478.2 in. not be under-subscribed, tiraaks- operation last March for £9.6m^ *M^ J^ expected its limits to be the ®ews De . Beers vfhM ri'yt ployment and education com- tary, yesterday indicated that ' to the faith of the IC1 flock: De La Rue started its current V-\ Seargill : A significant part of the loss is Arthur to see a observed. mittee. said the employers' side Government is prepared Their pink forms appear ta have- financial year with around \*lw®dy havmg agO0d;yw,4»jft>, of local attributed to the closure of part in 48-hour working Men in a number ; No soup stains duicn his had been “totally opposed" to reduction the flooded in consistently each day, £10m of net cash in its balance^'yeat*^ dividend strewed authority fire brigades—joined of its Youngstown Sheet and uaistcoat any award which exceeded the week for firemen but onpjd^rise to.5d cent^ - Nottinghamshire 1 Tube subsidiary's facilities. and the large number of applica- sheet. It is planning to spend thi^^ Government limits, and could that this could not be imple- yesterday by threatening strike, action tions for blocks of up to IO.OOd. £I2.4m. on capital investment putting the shares at, not believe that the settlement mented until lhe autumn of W7S, are LTV was one of the best known Volvo—which he is shortly to a jp’eJd-lof “ could unless they receive a pay award of the takeover-hungry con- shares suggests that the private and R and D. and a further £9m. cum-pretuium was in the best interests of the although preparations j T • exchange Tor a Rover. His office 10 per cent. in-force, capital in -per cent. and, '^pro8pe$ Bottini. the begin before then.” substantially above glomerates of ths 1960s when it Investor was there ..So on working .the’ cur- U is modern but not flashy. nation. But Mr. Reg ; af expanded rapidly under the the institutions vf>re . not rent War which might lead to a earnings multiple vof? -m , How lung can Arthur Seargill n . ; * *.*2* guidance of Mr. James Ling tempted to rely on nicking up small Cash outflow. . . three'. live at such a pace and play for before running into heavy losses such high stakes, bis friends in 1971-72. At that time the com- wonder or course, he Is not a pany was known as Ling-Temco- business executive in Lhe Nippon Steel may help China V ought. accepted sense, but president of the Yorkshire area of the It is still a highly diversified National Union of Mineworkers. company, which' in addition to Nor. as everyone knows, does modernise its industry the Jnnes and Lauchlin steel he have a businessman's devotion business controls the third to free enterprise. Mr. Seargill largest meat-packer and has TOKYO. Nov. 4. is a Marxist who hopes, as a BY DOUGLAS RAMSEY important military aircraft and leader of his union and as a aerospace interests. figure on the national scene, to soon for further talks; and, In its. last financial year its A MISSION of Chinese steel in- veries of oil and coal in return hriog about some of the changes to seek agreement on sales totalled S4.4bn., nf which dustry specialists has asked Mr. for more Japanese steel, equip- possibly, that could ultimately put Britain Yoshihiro Inayama. chairman of ment and technology. resumption of credit S2.3lin. related to the steel busi- on the road io a Socialist planned Fujiyama. ’’ rov- ness. profits were $11 m. Nippon Steel, for his company’s A contract in modernise Mr. Aiicbirn Its net economy. Japan’s ex- technical help in modernising Anshan steelwork* would he in ing ambassador” tor fights for free collective visited Peking in He their industry. keeping with recent Peking state- port industries, The private invcsior w Uhing to imesi in properly such as shares whose rating results front ihe property- ' bargaining—free market forces improve late September .1 .manege Pres* It is thought in Tokyu that as ments on the need to has i wo mam choiccv dircci i in cmmem in property assets of a company . because, he says, he cannot reports say thai Mr. Li Hsien- first task. Peking may want efficiency in industry. through properly bonds or mycMmcni in ihe shares of accept planning of wages (that and the n:en. Chinese Deputy Premier, Nippon Steel lu undertake Japanese industrialists properly companies. To provide .1 noil .-preadand TheSchlesingerexpertise is. incomes policies) until the modernisation and large-scale Chine*** are reported to be dis- discussed with him the pos- DAY luvcfliucni vehicle lor the laiicr. Schicsingers^asc y ILK. TO - Sdiiesingcrs base considcrahlccxpefrenpe^i- day that investment, prices and capacity al had expansion of the steel complex cussing ways to collaborate. A sibility of doubling CLOUDY with ram. becoming set up their new Properly Shares I ru-i. 1 profits are planned as well. This ovenhe last 7U years m managing substantial property' at Anshan. long-term trade agreement has Anshan to 12m. tons annually. England. brighter in Wales and portfolios and tonipsrn ics both o\ erseas and. mdtc’*. • week, for lhe second time in A spokesman for lhe company been held up until talk* end In the last “pood” year for Property shares 7; S.E., Cent. E. England, recently, in the' L‘. K , The- Tndem Property FuiK^a?'.' ,. three yean;. Mr. Scargill’s almost Peking and Japan's these exports. 1975. machinery London. . denied that an official request between graph show* ihe performance personal crusade against the re- Channel The ol ihcjVroperty- Inxcstment Blind managed by Schlrtingcrs -is HKlOp. port- 1 in port Bank tin resump- and equipment sales were had been submitted to Mr Ex share ihe 4,'-' introduction of incentive pay- Cloudv, occasional ram. Max. sector' relalise to Financial Times Actuaries perfonvw in itstield in' 1977 and over lour years/; •>- Inayama, but acknowledged rhat tion nf expori credits, suspended $670m., or 3] per cent, of tola) All-Share Index over the par.i live years. 1 Source: v ments for miners was crowned UC (52F). , -Money Management October i 977). /. . . . China had “asked in a general Iasi December, nut only for steel exports. Iron and steel products unexpected success. FTACTUARIES PROPERTY INDEX with ” expertise. deliver!**? but a variety of indus- took over 50 per cent of the N. Wales. IV.. N.E. England, way for its RELATIVE TO FTA ALL SHARE INDEX As the balloting closed Mr. Our recommendation ; ; Mr. Inayama is espwinl iu go trial plant. total. Lakes 4 ‘M til* Seargill was expecting a national Ii must be recognised that property shares are . i lo Peking later this month as China wants more favourable Political upheaval. the Rain, then brighter with 2Q narrowly the other way niliililo. VVc 1 vote tn committee of Japanese treatment than that given other Tangshun earthquake and showers. Max. 11C (52F). ihercforc strongly recommend that an tgd head of a ’ although he was certain that his iiiycsimcni in properly should be achieved c countries by the bank China’s internal debate on im- 3.. * businessmen lo promote Sino- Communist England, S. Wales 7 would aeain resister a de- S.W. Kuh. property shares .' area export in and property, bonik rathef . . _ Japanese trade. under the Guidelines on ports caused a sharp cut brighter with -y cisive majority against the Rain, then -tiian shares or bonds atanc. L’nmifly vre adiiseSaf ‘S' •*. - ** .. Apart from Chinese steel, the credit adopted by the OECD. orders. Exports to China fell by scheme. Ail hough the propa- showers. Max. I2C (54F). InmMicx' place no more thairtiF’^of talks would he about a long-term The bank vice-president. Mr. 26.4 per cent., and plant exports SlmuU their- ; out his well drilled * ganda put by I. of Man, Borders. Edinburgh, FT* All-Shm btdai-100 Ibaao dot* Jan. inxestment capital In property shares, preferably tfipongh agreement to boost Chinese deli- Daizo Hoshino. goes to Peking by 44 per cent. 1962). ' undoubtedly helped, it widespread machine Dundee, Glasgow, W. Scotland a unit trnsl portfolio.- - y.y? f 1 may simply have been that Mr. Cent. Highlands, Argyll. Disiributions will.be miidc annually on ApnFftlr. - n -w is x " • leading lights . -rr starting Seargill other • and sector 1979. TheestimaicdgrossstariirigyieId!s.2jfti‘* ' Aberdeen, Moray Firth, N.E. The has a 1 ready Marled in recover some of of the Left were more in tune Continued from Page 1 Remember that the. pnccoTyoiiruniisaridt^^T' feelings Scotland. Orkney, Shetland the lost ground since its previous -relative high” and with the fears and of a income from them may go down as .well sis tip.v A ram. Max. SC has risen 60",, this year compared « till rise of39"„ in y, ; mniorily of miners. New Dutch coalition Cloudy, with a I46F). l lie FTA All-Share Index. Many leading stockbrokers ?r Hnw he will live with that Fixed price offerandl%disc (also H ANGLIA 630 yours fWthfaar. * *fess wmskt. pro- **|f*X« 535 News. sorgsky (simultaneous with on VHF1 features Looo Star and The naws: (VHFi Yoor Mather Wouldn't Lite it (S>- 938 ajn. StaUul soccer with Jade Kraumae Beghmal Nevra. MjRe Par Traven Band : (atmnuaneons with " Alleys -ABMriCU X)ww* 535 Sport/Regional News. Radio 3 stereo) including Chariton. 930 Tisvas. 1830 Spidennnn: 7 on 7J0 On Yfrar Ana 7J> BBCL2 television). 7304233 ajn.- - — — »jn. Populw Ian As Fatwri. n : Cooeert (S). 33* 5.40 Tbe Basil Brush Show*. 10.40 10.C5 Ttswas. 1233 Phoenix 3 . 1135 Today's . W.7ob* ^ddinillj. wi,*, 930 and Interval talks. Radio t - ; Vuw»'Pllghfj (S).,oV Ttswas. 5.15 mi. Popoye. 1230 a.m_ 7Jmrra'A Bmgato.^ 37^ weather, pm- 6.10 Dr. Who. 11.45 News on 2. ' Ax Uic End of tbe Das. TV ratings, week ended October 30 Eramme' .hews: (VHP) Regional Hews. 6.35 Bruce Forsyth and the " „ • - f1130 Mid-night Movie: The LSOOm and VHf 830 news- Span on 4 . 8.45 Today’s —r* — 2 ’ ’ . Coronation Street RADIO : 19 CWed> v * Generation Game. Nanny.” starring Bette U.K. TOP 20 Viewers (m3 Papers, 830 Yesterday It? PsrDamMd. (Granada) 13.15 630 a.m. Hows Summary. 832 •' 730 The Duchess of Duke Davis. ATV L Brace Forsyth, Generation Game Tom 930 Hews. ;«fl Pit* of ttm Week (3 >.^ CHESS SOLUTIONS 19 . The Big Send Up (Granada) ... 13.15 Edwards Early - 9.00 e.nt. SKiUul Soccer with .Jai£ (HO 39.05 wtib Tbe Show tsi. 1030 News. From OurOwa Carre- Street Figures compiled by Audits of Great locludlng 733 Women's Colgate n * Chartton. 930 Ttswas. 2. Skyjacked (fTV) 173d Tennis xpaadoBL. U30 Sony Serviec. U35 : Solution to Position . No. 15 J. Britain (or tbe Joint industrial Cornmiocc (report) 8.63 Bulletin. 835 The Amazing Howard i. (I and Rating 83b Brtwaea .rte LJ«w. UJ« Newa._ 113 ' Oiurtfe's Assets TV) lfl.« Tdcvtclon Advcrdelng . . i R^g BxR; 2 Q-T» Hughes, part 1. LONDON for Hesearch. As Radio I. 1032 Toddy Johnson' tR>. The wwfit (H-Westntewwr. 1138 Sdnes.nj,,, ^ . Cersnotton Street (Mon.) U.S. (Netlien a t a ’6 cb*'. BORDER TOP TEN Rathum) 1232 pjn. Two's Bast (S). U2 Albert - KxH,. 4 30.00 News. Skilful ICrwadi) 15.80 Now. 1230 .*l«ra.JMlpjn. Jtdm Amts . 835 ajn. Soccer with a X. Laverne Pad Shirley (Camody) and Me atazrinK Richard BecHnsalo. 930 a.m. Tswas. lnctodtoR TcrtnoOa :h Uo- (aa Ksflri Weatoer. prqcaamm K-Rl; 5 Q-R7 mate. .- 10JO Match of the Day. 9.00 5. The Coot of Levina (Yorks) H.4S (ABC) 38.3 535 Sport on fBIBBi only, Jack Charlton. Sesame Street. sad Return to the Planet of (he Apes. , . 1 also 146tkllx . Crossroadf (Toes.) (ATV) Happy Days (Comedy) ' Parkinson: special edition Faces. U» 2 (ABC) 28 8 Scotland. . VHF loins Radio 1 ): Footh*U .138 Solution l^ 11.10 10.00 Show. UJM) Space 1999. 535 p.m. Cartoon Time. 530 New rI^lJ^bws. Raw*. to. Problem No.' . . Our 6. Crossroad* (FriJ (ATV) W39 3- Throe's COmpapy (Comedy) ( . . League 2 18 . , 05 . 3 630 from Atlantis. 130 , 238 3 . 45): Rating featuring Sir John Betje- 12-00 Happy Days. Man a. Crossroads (Thars.) i (ATV) 1-U5 (ABC) . &K8 27A Special (1 30 . S.00 . 235. 235): 830 SOOrts man and Gracie Fields. p.m. World of Sport: 12.35 8- The Beet of Dick Emery 14.13 it's Your First is . 124Q (BSQ . Khj Charlhi Ruport: ClaaoUed Football at S3 and s, Id. o? The Dnckeas Duke street Brown ( Come dy) (CBS) 2T.4 . 45 CHANNEL 5 . rugby nnud-up S35 All regions as BBC 1 except at On the Ball: LOO International , phis nows of S53JrS7» SS, If 1 GroeUns*. 14.05 S. Gurlh'l Ansels (Drama) (ABC) 27.0 tennis and boring. 639 Fop Over following times: Sports Special (part 1) 1233 p.m. puffin * Birthday (HO Europe nmoe-Ebcm. 53# Wb* Ending. the lime. Faces. 630 1Z. Odd Man Out (Thames) 13-93 . 60 Mlnotn (News) 38.8 • SOB*Ha only, also MSOcHx Scotland. Rules Football 535 Cartoon 530 New Vhf m55--WBafbtr,.-tirnrn)He‘ news: ‘ Australian 12. The l Line 153d 7. Fat Albert (Comedy) (CBS) .. 23.9 nina Radio ). 'ir 8.40-9.05 ajn. Siang- Mao from Atlantis. U pcha (Thames} I 1 7.B2 Roy Castle (SSOkHs fexcepettirion and R-E.1 RngtnBnl Q-NS dr 2 Q-KR5 a«OrtlDgiy.;v \ > Wales — Melbourne: 1.10 . NBC Monday Movie "The Final from 12. Cmsraads (Wed.) (ATV) iin 8 Day only, also ItWhtU; Scotland. VHF join* 4JS De*m DiOCs. 12.10 ajn. 630 tteBa bUhO difang News and 14 . Opportunity Knocks they teak Miss Beautiful - 23.fi Radio 1 ). News from 1'lN: L20 The TTV (Tbameo) ... 1333 7JO Radio 2 Too Tunes (st Stop tbs Wetit with Robert Jtobiason. In the Family Weather for Wales. GRAMPIAN 14. Starnlqr and Hatch (BBC) 1336 «. All (Comedy) 6-15 Actor'S 'air 'our (S». US Saturday -Lasaff-JSU- Seven—1 .30, 2.00, 2.30 and 738 Thfite 830 930 *jtt. Scene on Saturday, lndudina 16. The Liver Birds (BBC) 13.33 (CBS) 25.3 NltiK wltti the BBC Radio Orchestra 1 . border into. -. . . i^uv. tion in July under balance being situation continues. 13® - • the • - ” metal, Palestuuanj'T»alfvriiman " “ refugees but a Thai Jcial liinotisincfor ..... been vision. genuine unless the ground had the Financial 1 _ new pullback by official here told, Fatah guerillas. MeGYPT.HAS introduced he said. It provided for a - years! SuT.' properlyr prepared, three-point ^ Middle mUes from Uie Times that a new re • current ' guerillas nine have nM elejjacnrtf into ot uie daily the from " Lwer pr,CK The^,e w£FEaiior ™lto had been conveyed TaIsraeli„Ju border,kaHot awai j the stationing policy Bangkok: silver stakes Lebanese Army 19T7/TS bu. .ead and rgmitma ^ ..wrote ?' refugees allowed to in .ewer during ^28 'wifsSSt, %SS^ASr No new '« return fro. rinc WiU be workers between 5 tbird mpa^s -nna Aires - transport land; those with visas to yesterday mmwjeg". - are firm. to^heir jobs formgn. Ssr. countries to depart; and the markets SSSd _^dat,^'S&2irS-- sources, Israel has - - Palestinian — ra ikaelr-Week o.t-cnp*o^ctrh r. .president "Anwar with Mr. Cyrus Vanceyanve. overwhelming er more than Palestinians must rest — the investments one man to CairCairo acting as insisted the - strikes in whichwhfch returned Secretary of State, 2,200 boa' ne j baving U.S. miles from the majority of the 3 saboteurs In Saudi ^Jb^ fall back 16 1 i skilled.' hy .troops, and talRq courier in Thailand’s two UJN.- C - apd a %£«*m *»>"««*" bnrder. The Israelis have also people >^5£l5 mbed raDway" -tracks earIl6r , visited Tdreign -isss?Minister Jd*htaAS£ camps—set to sea in reports -from j"r Egyptian "reporters demanded that the so-called good sponsvrrd tion, Reuter n told ThereT *'“’ was no men- and o&tmterparts. set up on their own boats, repaired fence—which they have h r supplied by the Thais, whether the border must remain open to pLo ws they have any place lo fe£so?Se not ss^^SS' Lebanese who want to seek help or 4 awssaer -do. =5Ssi%&- tatter '^»£‘e£ Arob for mdoded oo «be \Vith bave’any plans uS^oSSSjJ or work in IsraeL go. view. NorLb'does^not iS regime. fS^'o Geneva IPS. Sar SwSSS Staff who refused to DOt attend Souths . merger. since the early pacitTand Alcoa ofm^a!'”" Delighted cos, SSMrTKiM thf abandoned -ts ° for the now - . fully utilise threatened A feasibility study lf A1( ua can Siociallst row Levesque ends J h“ Renewed French afait- " “ “7 French visit re * briE ta ‘ Correspondent and Coke Pty. LW. -'“S CWUCY ••*•• • already earmarked. Our Own -Coa. ^‘SSi BY DAVID . .... M. concerns By 1!cS 7 * - « nartv that * S PARIS, Nov. 4. ' the ‘ between RENE LEVESQUE, E TENSION of ln leadership is pre- discussions to revue their elec- Separatist Prime Minister s and left-wingers .Sfi I . ’. i Vu.tr»ii* .. — - :* = . - "ni—lir* ... rttlTTV American Mi-66, i2SpK 78® Angie $1704 178la 5169-1171 \t i.ornivn Bi-aan -‘7.24-27.44 iteiBlutn-. vu»20)<:* .IU5PIT«l"*. Lakh-* VI" . - 07401 4-94 - L'm/al 1 52-55 - coreo - A ,RQ Ml '£944-954 .1198 »a Vi it.an V.!.. 7.46 7.48 «- ‘ Llni'n xJT' Stt-U&T&HW"-*- S47ii-49>v |55.3a7-65.MB!i.HiiA'1« ...!l »-2.0ji '* '•6484-504 . fJ 1_1 ' 5:,pcl- n - 87?7 - 6 W irent* P'AMnum. 'ROjIOi :r ; 11.10 JO .£*64-27 4. .615 jUealwfa . JO^ |'I:£d4-274' H K'ru; 3 . 471a 8 , ,BSp» 55 >= 6 'fill -48 547-59 122-182 Knm®...-.. 6.6M.BS j, .Ch.'ll (cl I GayKtt'-.EurogKan |S46 4 I phi LE 73 ® ... 4^M4.1S GrknOtjiaSa) - £26-271 It* penwui* |i £ 26 27 . i .IIV-IM kuA-Nil ii.bfl6-0.618 (25oi 99® • Grti'MitthirH M.iiuh M.DO-M.IB83.66- 65.76 jUr*».®_.-J «-M-; - ; GtnnUiip t2S« 77 LUIflUfUiu-nin'^..iJ '• 1675-I6 : nneillifc. *.3 -4 550jl(AiV JB ^ v’s s a ? A-A^-i •• •'•. ; 4*njtinss--,lSo3 B7* Mini \ H ri t liree 4a,KVAU).J IM J "tv. - T? . .V 2*i' i.Annusd' • , i* • v .... . 't-ftlZO- l.t A0&Jai«p 450-470 Hitfln^lOs) M WSsb3^^^ I Ij. III.Hlttl* V IA..1 ' * Lire of - iPiA-mp.'' ^Minimum «753) •* S U 1*> : . «. : :*t6si "IblewSt Hfll JWiOiol 75Q ¥KwiVttR '*» W-»- 4-172 .« 169 17-1 XethBri im, pi? . it -. 6 rid If 170 1, hi.-t-'Pi 6.28-6.58 Mhme'tfldgs. A 125PI. 63 ^ 4b is31 HVr *a murrn .iiu uArmb.1 J.50-4.4O ' pum bond {'£944-954. i£9a>y94)2> 4.51-4.64 iVraiw .... 9.8M.85 ; -t-rna;. interprt, .BwiSte*'payable 11*'* 1US1 - 40 b1TO .-.injBiauv-1 r*.- . :?! H.-_- -* l?b«^ Gain ft 4 74. a E '*484-304 S48-50 1.804l)!l^*TUia»i ...j 72-M , v . s^rVn- Ai rl.-u ...! I.57IB- ; , ,e , 10 UC (VUS14 v i£20l?-E7l*i in 150- 156 puT^nthewB)’ .-.'. CJedu .0 *80.507 £26 a, -27 4» il s .....l pi® J !Sa^Ji!^ kJlMS SB.“ A* Frw SMB J. , >46 J, -483, :MT4* "’'"’ tSrnu' IniKl «.904.fc •in bnrr-a-.- """ >Ht 7 bh UHiwiiil — :.»«.• « - L26-27' 71-71 U-r «m.: rtitw tear* M ««*•« J ..r;«. i£26-Z7i jrars ,F£..rT ^ullar'n.t«*..s- ' • :(05J <555^; — K 57-69 rnnwsiey ;w 2491*53444 347' *«*• «*> «*"' 17-80JO |lTiicw*L»vlii| “ 1 990.0. JO^l :i.. -200- a. hacn-v. 162461* ,™Mrtur%PB V?* uTA^Sij rrtB“,“ 30Q r.-fwv qumed for London Hollar “ i-year ^ south Africa CR0.25, r six-monrhgia-monrn“.w fi-:\ ; GifdfFyW* «! , cent.:55.: ArgentinaArgentii free rate. fiSSPlSto^Skpl *si Th* “"^“ r.v: three-ihr^moSttmonth Tn*T°M7.10-TJW ‘S'"per m RateBa1e dven to,for *-rc -'tareairt .."('•JBO lh "^*OT Sc uS?* T*>-7.y. o^r cent. twr L-cnr : on--vjiir !«•««. IH-* * arc nnminal ciosme ra't*>. Johannesburg ConsblidatBd RATES Ha,.-( c rilRRENCCURRENCY __ ...» ... Mil “ ““” FOHWAB-3 RATES s,.,'.'.™ and mj-JlSiSwim ,ranc». i Enropeaa for Bmldere * | •epeewi two dayfi* nnilne r 011 Three month* Drawirar i P ™, One mrintb I I uni -^’’iVifVvu. 1 -Rip-hTB I Acco YSUSS Sn Mllli 1 jRATES Xuiemiicr 4 10.34-0.44 ,L HU B i 4.1 .. * SOCIETY X!!5»“r7 cSi«M M-50> 100 t'sniv TN.i\etiu*T Sew iun. H 52 .-?2 f De»*lOpnMnt iBD-501 - ..'0.4&G.55 dls'.l.OB- 1.10