H - THE HERALD. Wed., Dec. 30, 1981 Firms' annual reports — Manchester at Work- These six headed for television made a By LeRoy Pope actively at work on such comment for and against annual report "could give a feel for the people behind difference DPI Business Writer presentations for 1981. televised annual reports Pennington said he into a little TV documen­ the figures.” NEW YORK - As many wouldn’t be surprised if his tary presided over by BBC The BBC’s Hobday com­ as 20 American cor­ estimate of 20 cable TV an­ Financial 'Commentator mented that “ television in 1981... porations, including two of nual reports for 1981 cor­ Peter Hobday. can be manipulative. ...it the biggest, may porate results turns out to Pennington and Budd can use its visual ability to dramatize their annual be conservative. were on the program along camouflage problems, to see page 6 reports next year to with Dr. Trevor Gambling, distort the true status of selected audiences on Emhart’s Budd head of the department of corporate events and to cable television. cautioned against an ap­ accounting at the Universi­ anesthetize the viewing Emhart Corp., the Far­ proach taken by a few com­ ty of Birmingham in shareholder.” But Gambling said he WILLIAM FITZGERALD FRANK SMITH DOMINIC SQUATRITO WILLIAM VINCENT LORRAINE YEATES WALTER ZINGLER mington, Conn., machinery panies of redoing a conven­ England; Dean William F. thought television is fine manufacturer, pioneered tional TV promotional film May of New York Univer­ for presenting accounting the idea two years ago and in the guise of a televised sity's graduate school of Emery Air Freight annual -report just by business, formerly chief results because “ it’s a followed last year. preceding it with an an­ executive of American Can warm medium” whereas John E. Budd, Jr., an nouncer reading some Co.; Emhart President T. “ double-entry bookkeeping Emhart vice president, figures. “ That defeats the Mitchell Ford and Lee and accounting must be the Snow, rain said the company has had whole purpose,” he said, Spencer, director of the coldest medium ever Manchester, Conn. almost 200 inquiries from and Pennington, agreed. Division of Cormorate devised by man, so cold tonight, Friday Thurs., Dec. 31, 1981 other firms about the new The cable TV annual report Finance of the SEC in that nobody but an accoun­ tant cares to touch it.” approach and Bruce Pen­ must be a sober documen­ Washington. — See page 2 Pennington said in the 25 Cents 3 nington, a communications tary film designed to give consultant with Hay information, both said. From Emhart’s point of documentary he was Associates of New York, Pennington said ttie idea view, possibly the most im­ turned off on hearing that said he had almost as of a televised annual report portant comment was from some companies were con- many, has attracted a lot of atten­ the SEC’s Spencer that he sidering having their Pennington said AT&T tion on both sides of the doesn’t expect any advertising agencies do the Co. and International Atlantic, some of it governmental intrusion in televised annual reports. Paper Co., both his clients, critical. this new development, He said that could result in are the two big companies Emhart has collected Spencer said the televised the use of all sorts of gim­ micks and tricks. Polish Dean May said he applauded the idea of Millstone/ Consumer Reports televised annual reports because such messages are generally better un­ party derstood and better ap­ preciated on TV than in print or even from the shutdown 3-speed bikes t most articulate lecturer. He said it is possibie to pre­ sent better on TV than otherwise the dangers and problems a company faces By United Press International rated highly and the strategies it is extended adopting to cope with A high-ranking Communist of­ ficial said today the Polish Com- them. Herald photo by Tarquinlo munist Party has not been point of selecting a model “ feast-or-famine” braking Finally, the BBC’s Hob­ with the water that circulates in By the Editors weakened by imposition of martial WATERFORD (UPl) - New cor­ with at least good handling. process in which a gentle day said a recent British areas of the plant that are supposed of Consumer Reports Patience Martin works as secretary to where she has been employed for four law but reliable reports from the rosion problems have forced The Peugeot City Bike squeeze produces amost no ’survey had identified at Northeast Utilities to extend the to be radiation-free. the officers of the Main Street branch months. Polish capital indicated it has been Three-speed bicycles are PH18 ($218) and PH40 effect and a slightly harder least 20 ways other than refueling shutdown of it Millstone II The steam generator tubes, advertising in which cort split into three factions. a durable and cheap form ($215) were judged one results in an abrupt of Connecticut Bank and Trust Co., nuclear power plant for another five carrying hot, radioactive water porations can make use of Kazimierz Bareikowski, a of transportation good for excellent. ’Those two 'bikes, stop. weeks, the firm said today. from the reactor are surrounded by member of the Polish Communists’ errands or short trips to along with the Kabuki television • uncontaminated water that is turned For wet weather several •1'4-member Politburo and a Four years ago. Northeast spent the train. Although they Tourist-3 TK-3 and TK-3-S into steam to. drive the plant's tur­ of the bikes tested had secretary of the Central Committee, $26 million to correct and prevent are less efficient than 10- (both $160) provided the corrosion problems in the same bines. The turbines power a special channels on the said in h statement issued in War­ speeds, they do offer ad­ most secure handling. Millstone 11 generators. generator that makes electricity at brake blocks intended to saw: “ The place'of the party is the vantages for some riders. Each felt responsive, with the 870 megawatt unit drain off water from same as always, among the people.” . Northeast spokesman Gary Their rugged shifting an inherent stability that The extended shut down could between the brake pad and Bareikowski, whose comments Doughty said it was too early to mechanisms require helped the rider make affect utility bills next year through' the wheel rim. Sounds good were published by the Communist determine how much it would cost minimal maintenance and smooth, codtrolled a formula set by state utility in theory, but the channels Party newspaper Trybuna Ludu and to correct the latest problem that are easier to use than 10- maneuvers. You can also regulators. Northeast is allowed to didn’t do much in CR’s PLEASE READ broadcast by Warsaw radio, added: could be included in any future rate speed gears. Although expect very good handling charge customers more if the tests. Most bikes lost 75 “ The people’s army has saved the increase Northeast might seek. there is no cost advantage from the Raleigh Spotts nuclear power plants it operates fall percent or more of their country and the state from a’ dis­ The corrosion was discovered for bikes of equivalent AW21101 ($210), Schwinn below a 70 percent efficiency rate. braking power when wet. aster... Martial law, however, does during routine inspection of a sam­ quality, you may even World Tourist ($170) or the ple of the steam generator's 16,970 Customers get credit if the plants Closed-frame ( “ men’s” ) not create any empty political prefer a three-speed to a Nishiki 343 ($145). tubes. “ More tubes than anticipated operates above the 70 percent mark. bikes tended to rate higher space. No one can fulfill the mission 10, since it allows you to sit In general, the bikes that were found to have defects" in the tests than open- of the party for the party.” up straighter. combined light weight with Doughty said in announcing the five- frame (“ women’s” ) bikes Despite Bareikowski’s comments, If you want to be sure high frame rigidity pedaled THIS AD! week delay. because the closed frame uncensored reports reaching the you’re buying a good one, well on the road. TTie best Because of the finding. Northeast is usually more rigid. Some West from Warsaw said the party the three things to look at machines felt crisp and is required to sample a large/ sam­ No refuse, of the energy you put into YOU WILL THANK YOURSELF! organization was in a shambles are pedaling ease, precise, responsive and darted ple of tubes to comply with Nuclear predictable handling and pedaling will be lost if, the following declaration of martial Herald photo by Pinto ahead with each pedal Regulatory Commission guidelines. braking. Not surprisingly, stroke. The two Peugeots frame is too flexible. law, with separate factions representing hard-line, moderate NRC spokesman Gary Sanborn no Herald those were the three main tested were judged If you want a step- said Wednesday he thought things Consumer Reports and liberal policies each struggling The party’s starting excellent in pedaling ease. through frame, consider No Lower Prices Anywhere!!! Northeast would test virtually all of engineers rated when they Good brakes, the third for dominance. the so-called mixte. It has the tubes which are located inside If you're planning to stay out late tested 30 three-speed Prime Minister W o j c i e c h most important considera­ a pair o f' tubes slanting Jerry Fournier unpacks party hats as he gets tonight at the Manchester Elks Club, the steam generator. tonight celebrating the arrival of bicycles sold by 16 com­ Jaruzelski,.