Journal of the Royal National Lifeboat Institution The Lifeboat Autumn 1986 Fraserburgh: a brave new future 30p Waiting for rescue Seven new lifeboats christened ML A INTERNATIONAL TRUST A truly international spread which has grown 54.4% in 12 months MLA International Trust takes a EUROPE 40% MLA General Trust, which invests broad international view of primarily in British shares, has grown investing for growth - and has an average of 32%* a year since notched up a gain of 54.4% in its launch in June 1976. It is the offer price in the 12 months since JAPAN top-performing UK general trust of August 1985. AND FAR EAST all over a 7-year period. (Source: This outstanding performance 33% Money Management, August 1986.) is due to selecting the right markets In addition, MLA International Trust worldwide at the right time. has a strong showing in the top ten In recent months Japanese of its sector (source: Money Marketing stock markets have risen strongly August 15th, 1986). The Trust has and other areas of the world have grown by a total of 132.5%* since also contributed to the Trust's launch in April 1983. success. For example, 40% is in *On an offer-to-bid basis, including reinrested income. Europe where markets are currently predicted to be set for more growth. 14% is in the USA, still producing How to invest evidence of being one of the world's You may buy units at the offer price strongest economies, and now set ruling on receipt of your remittance. for further recovery in the future. The minimum investment is £500. This spread of investment is Simply fill in the Application poised to benefit from growth Form below and send it to the wherever it occurs in the UK 13% USA 14% Managers with your cheque for the world's major markets. full amount you wish to invest. A contract note will be issued and your unit certificate will be Top investment About MLA despatched within six weeks. MLA Unit Trust Manage- Every investment in the management ment is part of the MLA American Trust You should remember that the Although past performance Municipal Insurance Group, made through this advert- price of units and the income from is no guarantee for the future, The Group's specialist isement provides a finan- them can go down as well as up. MLA International Trust is investment team _ _ /~~f^ cial contribution However, the Managers are managed by one of Britain's now have funds •Wk^iSSTx' to l'le work °^ confident that continuing growth under manage- JW«^y**"~~* the RNLI, which top unit trust management ment in excess is supported prospects round the world are teams, who are already of £750 million. SUPPORTING THE LIFEBOATS by MLA such that you have an excellent masters of the UK market - opportunity to see your money -i grow in the MLA International Trust. Charges: There is an initial charge of 5llo (August I9<S6] it]Hler-.tan included in the offer price, and an annual Revenue practice and cu For your information, the offer price on 4th September 1986 ivas 60.2p and management charge of l°/o (plus VAT) of the estimated gross current yield, 0.88%. the capital value of the Trust l-'und. This The Trust Deed: The Managers and is deducted hall-yearly from the value of Trustee are permitted under the terms of the Trust I-'und to meet the expenses of the Trust Deed to execute, at a future I Application Form the Managers. date, a Supplemental Deed to allow the Intermediaries: Commission is paid to writing or purchase of Traded Call recognised intermediaries; rates available Options or the purchase of Traded Tut MLA INTERNATIONAL TRUST on request. Options on behalf of the Trust. In the Distribution: Net Income will he event of future changes to current To: MLA Unit Trust Management, 99 Sandling Road, distributed twice a year on 31st May and legislation by the Secretary of State for Maidstone, Kent. ME14 1XX Tel: 0622 674751 30th November. Trade and Industry which make provision I/We wish to invest £ in MLA International Trust at the offer Dealing: Units are valued and dealt in for the writing or purchase or dealing by daily. Any orders will be dealt with at the the Managers or the Trustee on behalf of price ruling on date of receipt ol these instructions. I enclose a cheque price ruling on the date of receipt of the Trust of or in currency futures or made payable to MLA Unit Trust Management. (Minimum £500). I We instructions. Prices and yield are usually options or forward exchange contracts declare that I am/we are over 1 8 published in the l:mancial Times and which are traded on a Recognised Stock Please tick box if you require income to he reinvested in further units. D Times. Exchange or Recognised Option ! am an existing MIA Unitholder YI-"S NO Selling units: To sell your units, simply Exchange or other currency exchange or sign the unit certificate and return it to market, the Managers may make suitable Name . (Mr Mrs, Miss/Title) the Managers, who will send you a amendments to the Trust Deed without cheque within seven working days. Units the consent of the unitholders. Address _ will be bought back at not less than the Trustee: Midland Bank Trust Company hid price calculated in accordance with Limited. the formula contained in the Trust Deed. Managers: MLA Unit Trust Management Tax: The Trust pays no capita! gains tax (being a trading name of Ml.A Investment Signature(s) _ on its investments Unuholders pay no Management Limited) 99-100 Sandling capital gains tax unless their yearly total Road, Maidstone, Kent. ML-14 1XX r.br ill of capital gains exceeds £6,300. Tel: 0622 674751. Registered No. 1242681 The tax information contained in this (England). Registered Office: 22, Old IMPORTANT - MONTHLY SAVINGS: If you prefer, you cai save as little as i2() a l^k^^^ month regularly in the MIA International Trust. Please ck box for details. ~ AVl^^m advertisement is based on our present Queen Street, London S\V1 9HN PERSONAL PENSION: You tan also link the American I u id to a personal pension plan. Please tick box for details. ]] RNLI 9.86 4vm THE Royal National Lifeboat LIFEBOAT Institution Autumn 1986 Contents RNLINews. Lifeboat Services. 42 Volume L Number 497 Fraserhurgh: When a job needs doing, by Georgette Purches. 48 Update on the fast carriage lifeboat 50 Chairman: THE DUKE OF ATHOI.I. Waiting for rescue, byj. D. Director and Secretary: Sleighiholme 51 REAR ADMIRAL W J GRAHAM CB MNI Ceremonies. 54 Books. 57 Editor: EDWARD WAKE-WALKER Letters. 58 Headquarters: Royal National Lifeboat Institution. West Quay Road. Poole. Dorset BH15 People and Places 59 1HZ (Telephone Poole (0202) 671133). Telex: 41328. London Offices: Shoreline 61 Royal National Lifeboat Institution. 202 Lambeth Road, London SE1 7JW Coxswain Captain John Hogg (Telephone 01-928 4236). Past and Present 62 Just as this issue was going to press, Advertisement Manager: the sad news was given that Cox- COLIN PEGLEY swain Captain John Hogg of Tyne- Jackson-Rudd & Associates, Oldeboume mouth had died. A few days earlier The Fund Raisers. 63 House, 46-47 Chancery Lane, London he had learned that he had been WC2A 1JB (Telephone 01-405 3611/2 awarded the RNLI's silver medal for and 405 2860). bravery following a rescue which is Lifeboat Services, March, April described on page 42. and May 1986 68 Printers: The Friary Press, Bridport Road. Dorchester, Dorset. Lifeboats of the RNLI Inside Back Cover Subscription: A year's subscription of of October. News items for the Spring four issues costs £3.00, including post- issue should be sent in by the end of age, but those who are entitled to January. receive THE LIFEBOAT free of charge will continue to do so. Overseas sub- Editorial: All material submitted for COVER PICTURE scriptions depend on the cost of postage consideration with a view to publication The 16ft D class inflatable lifeboat stationed at to the country concerned. Write to in the journal should be addressed to Amble in Northumberland launches into the RNLI, West Quay Road. Poole, Dorset the editor. THE LIFEBOAT, Royal Nation- surf on exercise earlier this year. So far in BH15 1HZ. al Lifeboat Institution, West Quay 1986 there have been 750 services by inflatable lifeboats and .*/- lives saved. While Amble's Road, Poole. Dorset BH15 1HZ (Tele- D class will lake a winter break at the end of phone Poole (0202) 671133). Photo- October, a certain number of inflatable life- Next issue: the Winter issue of THE graphs intended for return should be boats will remain on station the vear round. LIFEBOAT will appear in January and accompanied by a stamped and addres- The photograph was taken by Ian Bardell. news items should be sent in by the end sed envelope. 17 FLOAT A LOAN WITH US If you need finance to get And if your nautical needs you afloat, Mercantile Credit are lower, we can provide an have the plan to suit all hands. unsecured loan from a few Whether it's for a new or hundred pounds, up to £15,000. secondhand boat, refitting or Before you cast off, come new equipment, we'll get you and talk to Mercantile Credit. launched. We're often as near as your With our stabiliser mort- High Street. gage, loans of over £15,000 can You can call in,or telephone be spread over fixed and (our number's in the equal repayments to telephone book).