The Business Times, 25 October 1980
1980-10-25
1
14
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The Business Times
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Title Section9 1980-10-25 1 BUSINESS TIMES No. 111/1/8« SATURDAY, OCTOBER IIM 50 CENTS9 words
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BRIEFLY...
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Article85 1980-10-25 1 Reuter LONDON, Fri. The price of gold, which has slumped in the last four weeks, was less than US$63O an ounce on European bullion markets today and platinum was down to a two-month low. Gold lost more than $20 yesterday and a further eight in Europe today althoughReuter - 85 words
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Article74 1980-10-25 1 AP WASHINGTON, Fri. Inflation reached double digits last month in the US as consumer prices, led by rising food costs, rose a full 1 per cent, the government said today in its last inflation report before election day. Last month's rise translates into a 12.7 per cent compoundAP - 74 words
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Article64 1980-10-25 1 Reuter BAGHDAD, Fri. Iraq today announced the final capture of Khorramshahr, the Iranian trading port that has been a focal point of the Persian Gulf war almost from its start on Sep 22. Iraqi state television broke into its normal transmissions to announce that all Iranian resistance inReuter - 64 words
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Article61 1980-10-25 1 UPI MANILA, Fri. President Marcos today lifted his 1977 order staying the death penalty on his arch rival, Benigno Aquino, Jr, who is among those accused of master-minding the terrorist bombings in Manila on Aug 22. But Mr Marcos said he preferred to wait for the PhilippineUPI - 61 words
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Article81 1980-10-25 1 Reuter KUALA LUMPUR, Fri. Malaysia's Foreign Minister Tengku Ahmad Rithauddeen said today he would be meeting Vietnam's Foreign Minister soon to discuss the United Nations resolution this week which calls for an international conference on Kampuchea. Tengku Rithauddeen told Parliament that despite Vietnam's decision not to attend theReuter - 81 words
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Article66 1980-10-25 1 Reuter TOKYO, Fri. The United States today rejected an offer by Japan to cut import duties on tobacco products and warned of retaliation unless Tokyo opened its market more to foreign interests, US officials said. Chief US trade negotiator Reubin Askew rejected as inadequate Japan's offer toReuter - 66 words
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Article56 1980-10-25 1 NEW YORK, Fri. Stock prices fell this morning as the government reported that US consumer prices rose one per cent in September. The Dow Jones average of 30 industrial stocks fell 5.04 points to 934.47 in the first half hour as declines outnumbered advances by a 2-to-l margin56 words
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Article140 1980-10-25 1 Falls Indices Troaoh Mine* Pettliii Auatral Amal Sel Properties H Msia Ming Court Berjuntai O C B C Island 4 Pen Metro Hldga Semb Shipyard Kg Lanjut 2200 2100 1500 1550 370 370 1370 1180 880 500 450 1020 -180 -150 -80 -AO -60 -45 -40 -40140 words
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Article, Illustration140 1980-10-25 1 Falls Indices Petaling (T) 21.00 -1.00 Oct 23 Oct 24 Gopeng Con 42.00 -1.00 B.T. Index: *****.*****67.26 Kg Lanjut 10.00 -.70 Industrials: 798.81 801.77 D Keramat 19.20 -.70 Finance: 1117.52 1112.88 Rahman Hyd 17.50 -.50Hotels: 391.77 391.97 Tronob 23.00 -.50 Properties: 654.74 650.77 "•*JunUJ 14.00 -.40 Tins: 534.99140 words
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Article609 1980-10-25 1 HSUNG BEE HWA - ANNUAL GROWTH 22 PER CENT By HSUNG BEE HWA THE ELECTRICAL industry in Singapore will grow tremendously within the next ten years. Output for this year is estimated at $1 billion, but this will increase more than six-fold to $7.4 billion by 1990. By then, the609 words
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Article249 1980-10-25 1 ROBIN Loh of Robin Shipyard has finally obtained approval from the Australian government to take over a 1,545-hectare property in Queensland's famous Gold Coast. But this time, Holis, Mr Loh's private holding company, will have to take an Australian partner. The Australian Treasurer, Mr John Howard,249 words
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519 1980-10-25 1 CATHERINE ONG - By CATHERINE ONG CEMENT producers are irate that the Government has given the greenlight for another cement plant when all the five existing plants are currently operating below capacity. A source at Jurong Cement said he cannot see how the Economic Development Board (EDB)519 words
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Article272 1980-10-25 1 THE FINANCE Ministry has embarked upon a study of banks' operational relationships with the Monetary Authority of Singapore, a ministry official confirmed yesterday. The study, being conducted by a team from the ministry's management services department (MSD), is in its, preliminary stages. Refuting a press report that272 words
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248 1980-10-25 1 PROFIT-TAKERS stepped the «harp la ere—e la ■hare prices m the Siagapere stock market yesterday. Far the first time daee Oct share prices gave la U neUlag pressure aad the Straits Times ladastrlal ladex fell 7 J peints to K5.42. The248 words
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447 1980-10-25 1 WANG LOOK KEAH - By WANG LOOK KEAH ASEAN textile manufacturers are making a concerted effort to penetrate the unexplored and longguarded Japanese market. As a first step, the Asean Federation of Textile Industries (Aftex) is organising a study mission to Japan next year. The spadework for the task447 words
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Page 1 Advertisements
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Advertisement10 1980-10-25 1 Singapore's Business World at your fingertips DIRECTORY SEE back page10 words
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Advertisement16 1980-10-25 1 XL is the energy drink in the ow available at all supermarkets, emporiums and other outlets.16 words
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Advertisement22 1980-10-25 1 LEISURE TIMES AIRCRAFT S, TV AND RADIO f, CBO6BWOBD I, WHERE TO WINE AND DINE S SHARE INFORMATION 1«, COMPANY NEWB 1122 words
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Advertisement0 1980-10-25 1 *(}[`|[,@>}\~"\'-[<\(^";':'<~@+0 words
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Advertisement244 1980-10-25 1 FOR PEOPLE WHO MATTER Leader... page f A SMALL COMPANY PABX WITH BIG COMPANY FEATURES If your organization isn't quite ready for a larger Ericsson PABX, or if you're a Dig organization with small branches that need telephone systems of their own, ASB 100 is the system to look at.244 words
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TRADE AND INDUSTRY
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316 1980-10-25 2 FOO CHOY PENG - By FOO CHOY PENG THE Asean Automotive Federation has requested Dana Corporation of the United States to carry out a cost-benefit study of the production of rear axles for light passenger and commercial vehicles for the regional market. Dana has been given six316 words
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Article238 1980-10-25 2 MANY companies in Singapore are not doing enough to save energy because energy costs in many industries represent only a small portion of total costs'.' The electrical and electronics industry is an example. Most processes employed by companies in the industry are not energyintensive. It is the238 words
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Article299 1980-10-25 2 MR Bernard Chen, Minister of State for Defence, will declare open EB Communications, a Norwegian company manufacturing communications equipment on Nov 4. THE Allen management seminar will be conducted by the Singapore Institute of Management in conjunction with Louis A Allen Associates from Dec 1 to 5. The299 words
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Article, Illustration106 1980-10-25 2 MR Quek Tee Dkye has been appointed to succeed Mr G D Kinrade as general manager of Straits Shipping Fleet Management Unit. Mr G D Kinrade is returning to the United Kingdom on Nov 7 to take up the appointment of deputy general manager of the technical106 words
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Article, Illustration172 1980-10-25 2 AN automatic machine that can turn out colourful keys in a few seconds is now available on the market. Its distributor, Kis Singapore, is a joint venture betweeen Unisource Singapore and Kis Australia. Unisource is a trading company. It has its office in a172 words
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Article, Illustration343 1980-10-25 2 NEW investment commitments in the electronics industry during the first seven months of this year exceeded $200 million, a record growth in the industry's history in Singapore. As an indication of the extent of this growth, gross fixed assets of the industry at the end343 words
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Article365 1980-10-25 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Chidambaram (Passenger) (0700 Req. Portside a/side) 42/ 43 Chosei Maru (RO/RO) (2000 Must vacate 0530/ 26th) 10/11 Frotakobe (after Professor Szafer Must vacate 27/0530) 47 Fuikawa Maru (Tanker) (after Osip Pyatnitskiy P/O Sub. gas free) 13/14 Iweri (after Jenson) 22 Nedlloyd Kobe365 words
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106 1980-10-25 2 RISING wages in Singapore are influencing the growth of the computer industry. Mr Robert Yeow, president of the Singapore Computer Society, told 1,600 computer personnel in Melbourne that Singapore employers are turning increasingly to mechanisation and computerisation. But the 1,500 experienced computer personnel are barely106 words
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Article86 1980-10-25 2 A BRITISH company is looking for a well established local partner to manufacture cubicle switchboard and motor control centres in Singapore. OttermiU's managing director, Mr Colin Briars, said his company will provide the expertise and in the begining about $1 to |1.5 minimi towards setting up the venture.86 words
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Article135 1980-10-25 2 THAILAND expects Income of the tourist industry to rise at a moderate pace of 10 per cent this year to 12.5 billion baht from 11.2 billion baht last year. Governor of the Tourist Authority of Thailand (TAT), Colonel Somchai Hiranyakit said the country had been doing very well135 words
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Article68 1980-10-25 2 HOJGAURD and Schultz, contrary to an earlier report in Business Times, has not started negotiations with the Housing and Development Board to build 15,000 units of flats. But it is understood that the company intends to open negotiations with the HDB at a later date. The HDB68 words
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458 1980-10-25 2 SINGAPORE Airlines is venturing into its first big project benefiting community and educational interests the establishment of an aviation display hall at the Singapore Science Centre. SlA's chairman, Mr Pillay, said the establishment of the aviation hall is an example of what458 words
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Page 2 Advertisements
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Advertisement408 1980-10-25 2 lappointments Mobil ETTToTiTi MEDICAL OFFICER Mobil Oil Singapore Pte. Ltd. proposes to appoint a part-time Medical Officer as an extension of the existing medical service at its in-plant clinic at Jurong. The successful applicant will be required to provide normal medical consultation to employees, preplacement and periodic medical examinations and408 words
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Advertisement624 1980-10-25 2 APPOINTMENTS ASIAN DEVELOPMENT BANK The Government of Bongladesh has obtained o loan of $28 5 million equivalent from the Asian Development Bank for the financing of the Chittagong Hill Tracts Development Project in the Chittagong Hill Tracts District. The Proiect includes settlement schemes, afforestation, road construction, strengthening and upgrading of624 words
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OVERSEAS
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256 1980-10-25 3 Reuter POLISH free trade union leader Lech Walesa yesterday appeared before a Warsaw court to plead his case for legal recognition of the Solidarity movement. Registration of Poland's only mass labour movement has been held up for more than a month because ofReuter - 256 words
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Article774 1980-10-25 3 ARRIVALS Service Local Operator Number Time From MAS MH601 0700 KUL FT FT71 0710 JFK/ORD/KUL SIA/BA SQ/BA17 0715 LHR/BAH SLA SQ101 0815 KUL MAS MH621 0835 PEN MAS MH671 0930 PEN/KUL MAS MH605 1000 KUL SIA SQ211 1000 HLP CAL CI814 1000 HLP CPA CX710 1005 HLP774 words
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371 1980-10-25 3 AP SAUDI Arabia's central bank governor is due in Tokyo today for an extended visit that analysts link to record levels of petrodollars pouring into Japan over the past six months. "The Arabs are very bullish on Japan," says Eric Hayden of theAP - 371 words
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Article126 1980-10-25 3 TASMAN Palp Mi Paper, MM sf New Zealaad's larger paper pndieen, ku waeaaeed Its merger wit* twe •f its majtr shareholders, Fletcher Heldtags ud Ckalleage Cerperattoa. The aew campaay will he New Zealaad's largest aad will he streagly based fer fatare devetepmeat. Bat Tasmaa Palp aad Paper126 words
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Article294 1980-10-25 3 Reuter PRESIDENT Ferdinand Marcos has refused an invitation to appear live on a US television programme because an opposition leader, possibly his exiled archrival Benigno Aquino, would also be appearing. A statement by the Philippine Information Ministry said the invitation to appear on a satellite transmissionReuter - 294 words
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WORLD IN BRIEF
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Article463 1980-10-25 3 Agencies SALES of American carmakers fell 15 per cent in mid-October compared with the same period last year, but analysts were cheered because the sales pace was improving. Both Ford Motor Co and Chrysler Corp said on Thursday their sales were hurt because they did not.Agencies - 463 words
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321 1980-10-25 3 AFP j. THAILAND made headway with exports during the first jj half of this year but increas- ed energy costs and a reces[t sion ia the industrialised e world made for a slowdown l_ in investments. n A report released by the Bangkok BankAFP - 321 words
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443 1980-10-25 3 Reuter SOVIET President Leonid Brezhnev has further strengthened his authority in the Kremlin with the promotion of his long-time associate Nikolai Tikhonov to succeed Alexei Kosygin as prime minister. Kosygin, who is 76 and suffers from serious heart trouble, was removed from office by aReuter - 443 words
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427 1980-10-25 3 AP THE US Justice Department filed a civil suit on Thursday seeking U5J949.000 from McDonnell Douglas Cap in connection with its payment of secret commissions to agents in Pakistan for the sale of four DC-10 wide-body jet airplanes. Attorney General Benjamin R Civiletti saidAP - 427 words
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Article147 1980-10-25 3 THAI Oil Refinery Company (Tore), a majority-owned Thai government company operating a 65,000-barrel capacity refinery in Sriracha, is inviting pre-qualification tenders from potential new operators of the plant less than a year before ownership of that refinery reverts back to the Thai Ministry of Industry.147 words
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Page 3 Advertisements
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Advertisement95 1980-10-25 3 rtectco<"to |n f° n A \N*eo V<^ roo(r>s a*[ no d oUt ?ro^o ,V^® e fur^ ure sra% itd\ S"pore's No. 1 Antique Furniture Centre\ 1 Factory 30 Alexandra Terrace Singapore 0511 Tel *****9, 6351 78. *****6 Showroom 30 A Alexandra Terrace Singapore 0511 Tel *****9. *****8 *****6 aza Smgapura95 words
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Advertisement179 1980-10-25 3 No mystique in this magnificent investment additional factors come into play such as rarity, intellectual clarity condition. When you have selected a fine quality carpet, you are buying a piece of history that is at once a magnificent investment. ■HMnMraMNmramMH o C, CO 0 vj4v. CV->-*i m isw; 'o 1179 words
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RAW MATERIALS
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Article240 1980-10-25 4 MARKETS declined further this week, losing 6 cents overall, whilst the drop in London was more pronounced. Conditions were generally quiet with the Hari Raya holiday contributing to reduced turnover says Holiday, Cutler, Bath A Cm in its weekly review of the Singapore and Malaysian rubber240 words
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Article172 1980-10-25 4 CHINESE Pradaoe Exchange, Singapore, neen cleslng prices per IMkg yesterday: CMtnt «U: Bulk fob $120.00 sellers, old drum (In second hand drum) fob $130.00 sellers, new drum fob $136.50 sellers. Cepra: Mixed (loose) $71.00 buyers. Pepper: Muntok white pepper fob Asta NLW $425.00 sellers, Sarawak white pepper faq172 words
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Article193 1980-10-25 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Cettea yam: China Blue Phoenix 20s 2,080; 32s 2,700, 40s 2,920 (per bale of 400 lbs). Piece geeds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lamte unq; Flower and Butterfly193 words
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Article400 1980-10-25 4 THK rubber market yesterday finished slightly higher in the morning session, with November One RSS buyers quoted at 294.50 cents a kilo, up 0.50 cents from Thursday night's close, dealers said. The market closed steady with November One RSS buyers quoted at 294.00 cents a kilo, unchanged from Thursday's400 words
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Article317 1980-10-25 4 RAS prices in cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 292.50 293.50N Int. 1 R.S.S. November 295.00 296.50 Int. 1 R.S.S. December 300.00 300 50 Int. 2 R.S.S. 284.00 285.00N UK/Coot 283 00 284.00N Int. 3 R.S.S. 281 00 282 OON317 words
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Article110 1980-10-25 4 NOON SSR and SMR praa ywurday 8X9 No»«k»f Dtnabtt (Curreat Mth) (Forward Mtkl D mmywra Seller* Bayert Seller* SSR 20 (1 too pallet) ***** 253 00N 252.00 2S4.00N SSR 50 (1-ton pallet) 248.00 250.00N 249.00 251 OON MRSLB SMR CV (1 -loo pallet) 287.50 289.50N 288 50110 words
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Article35 1980-10-25 4 Rubber: Oct 24 Singapore: Nov: 294.00 cents (unchanged) Malaysia: Nov: 300.50 cents (down 0.60 cent) Tin: Mf 2,085 (unchanged) (equivalent to $34.47 per kilo) (unchanged) Official offering: 242V4 tonnes (down 77 Vi tonnes)35 words
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Article86 1980-10-25 4 THE Straits Tin price In Peuang remained onchanged at Ms2,tBs a plenl ($34.47 a Idlo), still $M below the International Tin Agreement ceiling, dealers said. Despite easier London conditions on Thursday night, the market ruled steady an continued strong buying support from Europe, US and locally. There was86 words
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Article338 1980-10-25 4 BINGAPOBE: Yesterdays closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first clan (Kangaroo) new crop 1.08, 100 per cent second class 0.95, 100 per cent third class 0.93, 25 per cent new crop no stock, B-10 per cent 0.80. THAI BROKEN: A-super 0.72, Special 0.68.338 words
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Article192 1980-10-25 4 SOYBEAN futures in Chicago on Thursday closed near the day's lows, down 8 cents a bushel to up I*4 cents. Only deferred November settled with a gain. Local profit-taking on lack of carryover commercial pricing in the soybean complex, following Wednesday's sharp advance, weighed on sentiment. Commercial hedge selling192 words
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Article158 1980-10-25 4 CHICAGO wheat futures on Thursday closed 4 cents a bushel to down 12 cents in the deferred December. Prices settled near the bottom of a seven-cent range. Local profit-taking on general lack of carryover demand from Wednesday weighed on values from the start. A chart gap was formed in158 words
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Article917 1980-10-25 4 COW'KJS: Robusta futures yesterday closed a quiet and featureless morning session up to £11 a tonne lower, basis January at £1,071. Turnover was 584 lots including three options. Dealers said activity was limited by the continuing strength of the pound in a market that lacked fresh incentives and917 words
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Article130 1980-10-25 4 THE Malaysian palm oil market firmed on buying support yesterday as sellers withdrew, expecting higher prices next week, dealers said. In November the Southern Region was traded at MJ765 while in the North, it was up to $787 a tonne. January was traded up to $815 in the130 words
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ASIAN STOCKS
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Article562 1980-10-25 4 TOKYO ALTHOUGH there was a slight rebound in the Tokyo Dow Jones Average, the market yesterday remained top heavy. The stream of buying by non-resident investors was narrowed considerably. Domestic institutional investors and dealers rapidly eased their tempo of trading. Except for several exceptional issues, most issues stayed562 words
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Article358 1980-10-25 4 THE market opened weak yesterday in response to a sharp overnight drop in the price of gold. Bargain hunters kept the market from dropping too far as the Hang Seng index was off 6.96 points at 11am. Trading turned very quiet at mid-morning with buyers slightly less lethargic than358 words
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Article296 1980-10-25 4 SHARE prices closed easier on lower international gold prices yesterday, dealers said. Gold's US$25 drop to around $625 in New York overnight saw gold issues down at the start, but most finished off their lows as Hongkong gold prices improved slightly and several metal issues followed suit. Industrials were296 words
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Article100 1980-10-25 4 OCT M Pen A cojt Mmrni JHTH unch A lima Con A AUu Con. B. 40 75 -Hi Bafuio OokJ jOH ***** Benruet Con. B BF Goodrich n 11 JO 1 unch CDCP CM unch Inco B. Landoll Lepento B It unch Marlnduque B 14J0 1 Mermlco Oriental A100 words
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Article53 1980-10-25 4 FINANCIAL TIME8 INDUSTRIALS Thursday «a? s Wednesday 488.7 Week Ago 480.4 DOW JONES AVERAGE INDUSTRIALS Thursday «38.51 Wednesday 965 12 Week Ago 958.70 H.K.HANG SENG Friday 1482.11 Thursday 1434.52 Week Ago closed 8YDNEY INDUSTRIALS Friday 734.32 Thursday 734.79 Week Ago 714.74 ALL ORDINARIES Friday 1008.07 Thursday 1011« Week53 words
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Article272 1980-10-25 4 THE stock market was again sluggish yesterday with prices mostly unchanged or fluctuating slightly, dealers said. A large number of stocks was unquoted because of the inactivity. Siam Cement, however, fell eight baht to 242. Mah Boonkrong, Jalaprathan Cement, Rama Tower, Union Thread and Asia Fibre each gained one272 words
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Page 4 Advertisements
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Advertisement532 1980-10-25 4 PENGUINS BEND IN THE RIVER: V.S. Naipaul When Salim is offered a small business in Central Africa he accepts. Accompanied by Metty, a son of one of the family's slaves, he travels a long way into the heart of the continent and becomes a trader in the town on a532 words
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Page 5 Advertisements
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Advertisement399 1980-10-25 5 m thel9Bos iCMnnmaianuwnM*'4mte NOVEMBER 20 21,1980 Shangri-La Hotel, Singapore A conference designed for developers, architects, surveyors, bankers, lawyers, government officials, sociologists, psychologists, engineers, builders. Today, the pace of urbanisation in Asean has highlighted problems faced by town planners, developers, architects, sociologists and psychologists, in their attempt to provide better QUALITY399 words
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Article388 1980-10-25 6 WHEN THE FIVE cement manufacturers say they have more than enough capacity to meet all of Singapore's building needs, they are suggesting that there is no need for more producers. We could only agree with them if we also agree that there should be no388 words
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195 1980-10-25 6 PENETRATING THE Japanese market is an immensely challenging but difficult job. Besides tariffs and other non-tariffs barriers put up by the Japanese government, many a company will be quick to point out that the Japanese consumers appear to be too contented with locally-produced goods to195 words
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Article1176 1980-10-25 6 NESTOR CERVANTES - LESSON FOR THIRD WORLD Whatever comes in as foreign exchange, just as easily goes out in what is known as 'foreign exchange leakage', so the recent International Workshop on Tourism in Manila concluded. Compared with the dollar earnings of other sectors, that of the tourismDepthnews - 1,176 words
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789 1980-10-25 6 TED CHAN - By TED CHAN UPI SALES people are surly and pushy, the people are impolite, and petty thieves thrive on too many cor--i ners. That is the opinion of more than half of the tourists who visit Hongkong, long-regarded as a "must" stop for tourists butUPI - 789 words
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Page 6 Advertisements
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Advertisement121 1980-10-25 6 Enjoy higher SAVINGS ACCOUNT interest rate today •t th* 1* to* 1 ■l{L 0 Deposits: 1 month -10%% p.a (minimum $10,000) 2 months-103/4% p.a (minimum $10,000) 3 months-103/4% p.a 6 months-10 1 /2% p.a 9 months-10 1 /4% p.a 12 months-10 p.a Prime Lending Rate: 12% p.a li Tete* RS121 words
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Page 6 Miscellaneous
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Miscellaneous1387 1980-10-25 6 Valley of the Dolls TODAY** UghUgkl mut be Valley at the DmUa, which fits tie Batariay alght dm vie Midi pm. Based ■eller ef the mom ume, tke film krtegs as tke lentdr ■tacy a< tke Hallywaal gtamaaraet All tke ekaracten an Bctlttaas, bat It will a«t be iUleilt te1,387 words
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Article, Illustration1034 1980-10-25 7 TIM DICKSON - WHAT AN EX-PRIME MINISTER IS WORTH Retired British prime ministers are a rare but generally happy breed. Free from the responsibilities of power, they can shoot grouse, mess about in boats or even investigate the workings of the City. Like anyone who leaves aFT - 1,034 words
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1204 1980-10-25 7 BEATA LEVY - Next to Paris itself, there are more bank deposits in Lyons than anywhere else in France. But there are only three Rolls-Royce in town. French millionaires, reports BEATA LEVY, prefer to keep quiet about it, with their wealth well out of sight. BEATA LEVYFT - 1,204 words
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679 1980-10-25 7 THOMAS KENT - FORUM i with THOMAS KENT AP the RESIGNATION of long-time Premier Alexei Kosygin is expected to have little immediate effect on Soviet policy, but it gives important hints about future personnel changes in the Kremlin. Kosygin's resignation at the age of 76 on health groundsAP - 679 words
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Page 7 Advertisements
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Advertisement172 1980-10-25 7 biggest banking group has installed KODAK microfilmers in all its 49 branches. i ip wmsmmm m To exercise better control over an enormous volume of documents. To improve efficiency in document processing. To strengthen security of document storage. These are some of the important reasons the United Overseas Bank Group172 words
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Page 7 Miscellaneous
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Miscellaneous16 1980-10-25 7 IUWPCTS UPLOOWN/CO Tuoo^ CX42 eoss JUST OS Pij^-iu-iO DC2>><« Top '"OCSrBRLL. pFVtfcjCO 61 wnk)OT ft UOPO16 words
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INTERNATIONAL STOCKS
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Article1442 1980-10-25 8 NEW YORK THE NEW YORK stock market on Thursday suffered a sharp setback in heavy trading led by recently strong groups such as energy, high technology, precious metal, defence, drug and rail issues. Analysts said investors had a multitude of excuses for taking profits, including worries about interest1,442 words
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Article206 1980-10-25 8 OCT 23 C% Abiubi 22 'j i A Jean 42 s Alfoma SB unch Bank Mont 28'. Bank Nova Scotia 324 Bell Tel its Beth Corp BP Can Ltd 44 B rase an 37 -S Camp Red Lake 7«'i -2h Can Imp Bk as'j Can par 51 l Canpac206 words
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Article271 1980-10-25 8 OCT 23 Rand INDUSTRIALS A Alpha Abrrcom 375 unch AE And CI 980 *10 A MIC 1240 606 Currle Finance 250 unch unch ***** Fed Volk *30 Kuril 235 1200 Hippo Hi veld unch 290 LTA M And R 600 *10 27* 550 Nedsurl 675 Oil. 47 -I Oudem271 words
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Page 8 Advertisements
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Advertisement181 1980-10-25 8 Where to wine, dine and entertain Ife; Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef k Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p Saturday, Sunday Public Holidays B.oda.m. —6.00 p.m. Dolphin Snack Shop Apollo Enterprises Ltd ljG-31. Ground Floor, World181 words
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Advertisement110 1980-10-25 8 See Page 4 for Asian stocks and Page 9 for European markets w lUus ■N JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open dciilv: 12 noon 3 p.m. 6.30 p.m. 10:30p.m For reservations call *****77 J W'S/ I 'nrk < "-»i i w »i-« SHERATON i-CTELS110 words
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Advertisement82 1980-10-25 8 The Great Family Do-lt-Vburseff Barbecue. p. r J* V 1 Ok m apron ivaiUbtr $20+ for adults $14+ for each chrid under 12 Anvtm* from 7pm-10 JOpm A Merlin GriU Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before. Only at82 words
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Advertisement140 1980-10-25 8 GGGQQ Inn Of Happiness Now open at the Hilton Dine Cantonese style. Dine Szechuan style. The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. MM HMON INTERNATIONAL140 words
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Advertisement165 1980-10-25 8 %!aisf restaurant Minced Pigeon in Bamboo "Lbe Don t miss the dining experience of Chinese Hunan cuisine Business Hours: Daily 11.30 am 2.30 pm 214 Dunearn Road Singapore 1129 Tel *****49.*****22 1) APOLLO SINGAPORE 406 HAVELOCK ROAD, STORE 3. TEL: *****1 2) CENTURY PARK SHERATON NASSIM HILL. STORE 10. TEL:165 words
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BANKING AND FINANCE
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Article361 1980-10-25 9 THE Swiss franc can be expected to strengthen against the US dollar over the next few weeks following market wntiment that US interest rates are peaking and are poised for a gradual decline. Moreover, anticipation about the outcome of the US presidential election may361 words
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Article279 1980-10-25 9 SHEARSON Loeb Rhoades has reported its highest results in history in the first fiscal quarter ending Sep 30, 1960. Revenues for the quarter reached US$2O9 million or an increase of 89 per cent over last years $110 million. Net income before taxes and payments to Loeb279 words
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MONEY AND EXCHANGE$
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Article489 1980-10-25 9 THE US dollar firmed against major currencies in the foreign exchange market though it eased against the pound. Sterling started off at 2.4475/85 against the US unit and went as high as 2.4620/ 30 when London opened. It later lost some of its earlier gains though it managed489 words
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Article22 1980-10-25 9 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 12.6 per cent.22 words
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Article173 1980-10-25 9 ASIAN ASIAN currency deposit Interbank rates as at close on Oct 24: U8 Dollars (Spot) Off.r Bid 7 days 13H 13 v« 1 month 14 5/10 14 3/10 2 months 13H 13*« 3 months 14 13H 6 months 14 13H 9 months 13H 13 12 months 135/10 13 3/10 8w.Fr*.173 words
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Article47 1980-10-25 9 RANGE of price* offered by discount houses on Oct 34: Overnight: V/ t Call deposits: 6H% to 7V«% flirt» BsrUf 8«llix 3- month Treasury bills 7 OH 3-month Bank bills 13H 13V< 3 months CD 133/10 131/10 0 months CD 13 12H Source: National Discount Co47 words
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Article46 1980-10-25 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Oct V to 31: Offered: 00.000.000 Affiled tar: $172,000,000. Allotted: »0.000.000. Accepted Mis: 998.25 and higher bids in full. Avenge rate et dtoeeut m »IWt ■«at: 6.990 per cent per annum.46 words
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Article411 1980-10-25 9 SINGAPORE gold futures yesterday closed sharply lower compared with overnight levels in moderate trading dealers said. Opening prices were marked down sharply by around US$2O an ounce following the metal's sharp drop in New York on Thursday night on hopes of a quick release for the US hostages held411 words
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Article35 1980-10-25 9 New York 18 60B 19 506 18 90S 1980S Zurich 18.C0B 19 40B 1910S 1990S Singapore m 18.SOB Aui 1950S 18 90S 1990S Closing price* in US dollars troy ounce. Source: Credit Suisse35 words
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Article201 1980-10-25 9 STERLING hit a seven-year high against the dollar and a four-year high against the mark yesterday morning in hectic trading as continental buyers took advantage of high UK interest rates, dealers said. The gains came against a strong dollar, which has been boosted by firm Eurodollar rates, dealers noted.201 words
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Article157 1980-10-25 9 THE US dollar firmed against most major currencies on market expectations of a cut in the Bank of Japan's discount rate and on firmer US interest rates, dealers said. It rose to 2.4500/10 to sterling from an early 2.4515/25 and a 2.4530/40 New York close, to 212.45/55 yen from157 words
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Article224 1980-10-25 9 THE US dollar for overnight delivery closed sharply firmer yesterday at 212.55 yen, compared with a 210.70 opening and 209.25 at Thursday's close, dealers said. Trading was active with volume at US$l.l5 billion. Just before the close the dollar briefly rose to a fourweek high of 212.60 yen on224 words
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EUROPEAN MARKETS
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Article187 1980-10-25 9 OCT 23 Fls ABN 303-00 -1 Ahoid 99 40 -06 Akxo 19.90 0.3 AMEV 9X30 0.1 Amfas 104.00 -2 Amrobnk 63.10 -0.5 Derfo&i Berk 34.50 71.50 0.4 unch BoU 50.00 -0.2 BorsumiJ 203.00 -7 Burhmann 65 50 0.1 Bytnkorf 44 80 -0.3 Caland 28 70 0.4 Calve Delft 170187 words
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Article204 1980-10-25 9 OCT 23 Dm Aea-Telefunken 78 80B Akao 18.20 -0.1 A Hi Leben 1120 00 -30 Alia Vera 472.00 BASF 125.10 -0.4 Bay H T Wbank 242.00 Bay Vb&nk 304.50 -15 BST 106.70 278.50 -15 -1.5 BMW 183 50 -4.5 Cassella -.324 00 unch Chern Verw ***** 1 Cammerzbank *****204 words
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Article185 1980-10-25 9 OCT 23 Francs Actions Suisses 2n •1 Alusuisse Br. 12*10 10 Alusuisse Reg 463 1 Brown Boverl Br 1590 -10 Clba Gelgy Br. 1006 unch Ciba Gelgy P C <10 unch Clba Gelgy Reg 579 Credit Suisse Br 2845 +5 Credit Suisse Reg 439 unch Elekirowatt Br 2640 10185 words
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Article106 1980-10-25 9 OCT 23 Lire Ante 9.70 -02 Assoc Gen ***** 4-2510 Bastogi 780 -15 Central* ***** -280 Flat 2930 430 Finsider 100 Gen I mm ob 2348 4-80 IF1 Pii 4530 480 Italcementi I taigas H 1470 unch Italsider 350 45 Magnet! M Pf Marelh Ere ZI 353 4-14 Med106 words
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Article107 1980-10-25 9 OCT 23 Frs FORWARD MARKET A r+r 294 4 Arbed 1380 10 Astur 335 -7 B rase an 950 -4 Bru-Lamb 1040 4-4 Ctnptc Cock ZZ 206 4 5 De Beers 357 -6 Ebes 1660 400 Electro be I 5200 4 110 Gb-Inno-Bm 2010 4 10 Oev 1200 -2107 words
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296 1980-10-25 9 THE value of interbank foreign exchange business conducted through money brokers in Malaysia averaged Ms 7 billion per month in the first nine months of this year, an almost 50 per cent increase over the yearago figure. The Deputy Governor of Bank Negara,296 words
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425 1980-10-25 9 RUTH CHENG - By RUTH CHENG THE Continental Illinois National Bank and Trust Company of Chicago has plans to upgrade its offshore office in Singapore into a full banking operation. This was disclosed by its president, Mr John H Perkins, when he visited Singapore last week. He talked425 words
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Article, Illustration277 1980-10-25 9 TWO leading bankers will be in town over the weekend with several similar topics on their official schedules. Norman Barker Jr, chairman of the board of United California Bank (UCB) and concurrently vice-chairman of the board of Western Bancorporation (WBC), will be here to277 words
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Article152 1980-10-25 9 A SEMINAR on automated, i document processing tot-} bankers and monetary aii-«* thorities from eight Asktm+l countries will be held at Philippines Plaza Hotel from-* Oct 27 to 29. Conducted by Burrougfisl Corporation, discussions Bt*.' the seminar will moftly pf-Zj volve around document--* processing and payment transfer152 words
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Page 9 Advertisements
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Advertisement363 1980-10-25 9 How much do you see when you look at this etching? jr. v. A f *r A n a --it ~.Kr w T*r Kr,+vtMm Hmtr.M Uf A*. W fcr,-. V J»r. /> /> Hin —p HB» fur. IMJ The Time Life Library Of Art £Tac/j froofr measures 9 x 12363 words
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1705 1980-10-25 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots ot I.OQD units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acta* (3.328 3.368)1,705 words
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Article174 1980-10-25 10 9NGAFOKK UNIT 1*1 WT (MM*|OT' prim tor Oe in> The Commerce 3.11 3.27 The Saving* Fund 111 2.n S pore Prof Fund 1.38 1 45xd S'pore Sec. Fund 2.0S 2.16 S pore Invert Fund 1.80 l.» S pore Equity Fund 1.3S 1.43 tfUUNITflVR m4MH ynm tor OetR) Mai174 words
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Article2813 1980-10-25 10 Gr's Gr's Net 1980 Last Div Div Y'ld P/E Vol Day High Low Company Sale or- C'vr ('000) High Low I SECTION ONE V V INDUSTRIAL COMMERCIAL 372 245 Ac ma 334 -2 15.0 2.8 4.4 133 1 334 334 276 220 Alcorn 260 12.0 23 4.62,813 words
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Article1925 1980-10-25 10 BID and offer prices officially listed and business in and reported to the Kuala Lumphr Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. INDUBTBIALB AJewa (2.428 2.4C5) (1) 2.42 A Cbac (1.278) (13) 1.29 A1,925 words
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Article17 1980-10-25 10 MALAYSIA Bice Mutriea has proposed a one-for-two bonus issue of 8,738,857 shares of $1 each.17 words
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Article, Illustration757 1980-10-25 10 "SELL" wi the wrier ef the day at the Slagapere stock market yeaterday. The leag-awaited eerreettoa had come at last bat it wu aet as severe aa maay had aattdpated. Oa the average, Imm ef II to 39 ceats were recwied. It wai ebvtoas that757 words
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Article582 1980-10-25 10 SHARE prices closed on a mixed note as the ten-day run-up lost some of its momentum at the Kuala Lumpur stock market yesterday. Several of the market leaders appeared to pause for a breather and while they consolidated, interest shifted to a fresh group of582 words
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COMPANY NEWS
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1974 1980-10-25 11 KOH TSE YING - By KOH TSE YING NOVELTIES attract. So amid some fanfare the Singapore options market enjoyed a buoyant beginning in 1977. But like all novelties, interest in the market has since petered out drastically. Trading plunged from a peak monthly volume of 4,258 units1,974 words
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Article172 1980-10-25 11 GUTHRIE Singapore has clarified that the correct authorisied capital of its jointventure marketing company with Canon Singapore is $5 million of 500,000 shares of $10 each. The company will commence business on Jan 1,1981. SHAREHOLDERS of Malayan United Industries have approved a one-for-one bonus issue of 32,113,767 ordinary172 words
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Article214 1980-10-25 11 Date Last Fall Year Ctmpuy PerUd Auiueed Net EPS Grass Pre-tax last year (eeats) Dtv. <%) Preflt (Vm) KTPau I 24/9 32.3 36 2,021 P Prod I 24/9 22.9 10 5.458 Shell I 24/9 57.4 30.0 62.855 Raleigh Cycles I 25/9 269L D Baby I 26/9 42.1 10214 words
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403 1980-10-25 11 PRE-TAX profits of Cold Storage (Malaysia) which was publicly floated in July this year, appears to have dropped in the first six months of the current financial year. The Malaysian subsidiary of UK-based Cold Storage Holdings reported unaudited pre-tax profits of $3.57 million for403 words
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Article254 1980-10-25 11 PROPERTY developer Bandar Raya Developments yesterday announced a one-for-two bonus issue, confirming rumours circulating the market for the past several weeks. At the same time the company is making a special issue of 14.76 million ordinary shares of $1 each to approved bumiputra interest to conform with the254 words
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289 1980-10-25 11 HONG Letig Credit aaaeaaeed twe lew develepmeata yesterday. lie first Is the laeerperatlea af a whelly-ewaed Heagkeag nWdiary ealled Haag Leeag Eqaltles (HK) far the parpaat af aadertaklag lavestmeats aad pertfaUa lavestmeats la the tolaad ealaay. laearparated sa Oct 3, the ■ew289 words
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Article580 1980-10-25 11 Current Ex Books Date Total for Total for Ptyatst Dnte Close Payable the year Previous year Apollo 5*1 Oct 17 Oct 27 Nov 7 5% 10% Austral Ami 50% Oct 8 Oct 22 Nov 3 100% 90% Ayer Hitam Tin 115% Oct 30 Nov 12 Dec 1 205%580 words
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Article257 1980-10-25 11 Current Ex Books Date Total for Total for Payable the year Previous year Harimau Loan 7*1 Oct 9 Oct 16 Oct 31 7* Jardine Loan 8HI Oct 13 Oct 21 Oct 31 8H% -H% UOL Loan 9% Oct 16 Oct 24 Oct 31 9% SCRIP ISSUE Company Particulars Ex257 words
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Page 11 Advertisements
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Advertisement439 1980-10-25 11 Businessmen, Are You Getting Your Share of the Billion Oil Industry? The South East Asia OH Directory 1980-81 (Third edition) is the only professional reference work which brings together an encyclopedic volume of material to serve all sectors of the oil industry. It is the most comprehensive and in-depth coverage439 words
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446 1980-10-25 12 THE complacency and smugness shown by many Singaporeans towards the present state of well-being of the nation portends ill (or the future of Singapore. This observation was made by Professor Milton Friedman during a forum telecast by the Singapore Broadcasting Corporation last night. The Nobel446 words
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222 1980-10-25 12 Reuter THAI Prime Minister Prera Tinsulanonda yesterday called for closer economic ties among Asean countries to ensure their national survival amidst a hostile world. General Prem was opening the 10th conference of the economic ministers of the organisation which groups Indonesia, Malaysia,Reuter - 222 words
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Article828 1980-10-25 12 LONDON, Fri. Share prices closed mixed after a quiet session and at 3 pm the Financial Times index was up 0.1 at 492.6. Government bonds firmed as much as 3/4 point with the continued strength of sterling prompting fresh overseas demand. Equity leaders were narrowly mixed after an828 words
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Article, Illustration129 1980-10-25 12 ICE from the sun? That's the likely outcome of a new solar energy research programme now under way in Australia. A simple pilot plant already has produced sub-zero temperatures, with the promise of ice in the near future. Eventually, it is hoped the ice plant powered129 words
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467 1980-10-25 12 THE Industrial Arbitration Court yesterday ruled that the dismissal of six employees of the Golden City Theatres (S) was justified since the management of the company has decided to stop the operations for which they were employed. The Singapore Manual and Mercantile Workers' Union (SMMWU)467 words
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269 1980-10-25 12 Reuter IRAN has reported hand-to-hand fighting with Iraqi troops in the battle for control of the port of Khorramshahr and claimed fresh successes in air and naval engagements. The state radio quoted the joint staff as saying Iran's greatly superior naval forces destroyed three Soviet-builtReuter - 269 words
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Article123 1980-10-25 12 SIX doctors have been found guilty of professional misconduct by the Singapore medical council. They were charged with issuing international certificates of vaccinations or revaccinations against cholera and/or smallpox to people who have not received these vaccinations. Five of the practitioners, Dr Ng Wing Chuen, Dr Lai123 words
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255 1980-10-25 12 MARINE bunker fuel oil prices continue their upward spiral with two more oil companies raising their prices again. Mobil announced yesterday that its posted price for a tonne of bunker fuel oil has been raised to US$2lO, a US$lO increase in eight days.255 words
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400 1980-10-25 12 AP PRIME Minister Margaret Thatcher has ordered an inquiry into how sensitive documents proposing up to US$l.2 billion in cuts in Britain's defence budget to curb inflation leaked to the British domestic Press Association News Agency. "The departments concerned are interested to find outAP - 400 words
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178 1980-10-25 12 UPI A TOP Japanese economist yesterday proposed that the official discount rate be lowered by 2 per cent to 6.25 per cent, causing hectic selling of the yen on the money market. Toshio Komoto, directorgeneral of the Economic Planning Agency, said, "consumer pricesUPI - 178 words
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169 1980-10-25 12 Reuter JAPANESE Foreign Minister Masayoshi Ito today said Japan would have to increase its military capabilities to compensate for the departure of American forces from the Western Pacific to the Indian Ocean and Arabian Sea. Mr Ito told a parliamentary committeeReuter - 169 words
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Page 12 Advertisements
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Advertisement155 1980-10-25 12 This is a completely revised edition of a dictionary which is unrivalled as a catalogue of English words as they are now used in print and speech. Included are new words of the last few years and hundreds of post-war words and senses. The entries range from the most colloquial155 words
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Page 12 Miscellaneous
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Miscellaneous70 1980-10-25 12 WEATHER =3 Outlook for Singapore from 6 a.m. to 1 p.m. today: Partly cloudy with thundery showers excepting several areas in the morning. Report for 24 boors prior to 7.31 p.m. on October 24 at tbe airport. Maximum temperature 31.1 Associated humidity 71 Minimum temperature 24.0 Associated humidity 92 Hours70 words
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LEISURE TIMES
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Article307 1980-10-25 13 LEG-WATCHERS, rejoice, the mini is back with us again. Karl Lagerfield at Chloe asks "how can you talk about sldrt lengths?" He showed so many pants last weekend in his ready-to-wear collection for next summer that he treats skirt lengths as irrelevant. But clearly he opts307 words
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Article, Illustration720 1980-10-25 13 NG LOKE KOON - BY NG LOKE KOON HE BROUGHT in only 135 pieces but they have a market value of $1-5 million. That works out to $11,000 apiece! He is Philippe Stern, vice president and general manager of Patek Philippe, one of the few very prestigious watchmakers from Geneva. They are hand-crafted720 words
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Article, Illustration976 1980-10-25 13 SC THE WORLD oil crisis of 1979 has done much to boost the use of plastic materials in that symbol of 20th-cen-tury prosperity the motor car. The use of plastics, instead of aluminium, steel or glass in car manufacture has been growing slowly but steadilySC - 976 words
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Article, Illustration479 1980-10-25 13 LEE YOKE MENG - By LEE YOKE MENG WHEN you think of Wedgwood, you seldom think of crystal ware. It's always Jasper that special coloured earthenware with the white raised classical figures which comes clearly to mind. But, in fact, Wedgwood's collection of crystal wine glasses, plates, candleholders and479 words
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Article, Illustration497 1980-10-25 14 CHARMAINE CHAN - Farewell competition at Tengah By CHARMAINE CHAN TONY HAMBLYN will remember that overwhelming air of nostalgia while competing in the final Farewell stableford competition held at the Tengah Golf Club last Monday (Oct 20). This New Zealand Air Force pilot will also look upon the occasion as497 words
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565 1980-10-25 14 RONALD KOW - mtm By RONALD KOW THERE are certainly many countries besides Hongkong that have professional football clubs and some of these clubs have either visited Singapore or played host to the Republic's soccer players in their respective countries, in the course of which they have been565 words
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Article, Illustration650 1980-10-25 14 RUTH CHENG - CHAPTER TWO OF THEIR LIVES By RUTH CHENG CHAPTER TWO of their lives is a second chance for earth-shattering romance and eternal commitment. It is an opportunity for two matured adults one a devastated widower and the other a disillusioned divorcee to regain their equilibrium by650 words
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Article125 1980-10-25 14 AT THE SEMBAWANG Country Clab stableford competition held last weekend, Charles Mailler, 13handlcapper, emerged the winner. Losing narrowly by one point was Business Times Editor, Roy Mackle, who scored 38 points while playing off 24. "Iron Man" P M Samy (actually he was belting the ball with a125 words
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Article, Illustration632 1980-10-25 14 THE EXECUTIVE JOGGER By PEEBLE MANY people new to the sport think that the objective of running is' to develop speed. Each evening at the National Stadium, in the Botanic Gardens and along Singapore's back roads, you can see runners straining to go as fast asBy PEEBLE - 632 words
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Article322 1980-10-25 14 SOUTH-EAST ASIAN Games bronze-medallist S Kumaravelu aka Kumar added another victory to his long domination of the local long distance races when he finished the gruelling 42 km 2nd Singapore Cro6S-Country Marathon in 3 hrs 06 mins 11 sees. Forty-five of the 122 participants finished the event within322 words
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Article, Illustration103 1980-10-25 14 WATCH out for 14 newly-purchased horses at coming racing meetings. Earlier this month some 22 racehorse owners from Singapore and Malaysia attended the "Ready to Run" sales in New Zealand. The proud owner of the above colt is Mr Sunny Khoo Teng Hock of103 words
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Article133 1980-10-25 14 «oQ* s JAMES BOND to earning back, still with hi* Wl lieeaee to kill bat itherwtot wit* IMPs flavour. He will be a little nun respectful t» wmca, ceasame fewer vtA* martlals aad smeke tow-tar cigarettes. Jeha Gardaer, Brlttoh writer ef WwVselliag mysteries, has keea selected by133 words
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Article371 1980-10-25 14 TODAY GOLF: Seietar Eighteen golfers will play in the third round of the Seietar Club Strokeplay Championship this afternoon. Warren. The first round of the Warren Golf Club's Matchplay Championship will be played today 16 participants). SICC. In their annual match against the Royal Selangor Golf Club,371 words
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Article422 1980-10-25 14 ALVIN CHOW - ENTERTAINERS L By ALVIN CHOW I NEVER took to piano playing simply because I thought it wasn't manly. Jorge Alfredo Valente is a man a dignified intellectual and he plays the piano beautifully. Watching him makes me stifle my regrets for not taking up piano lessons just422 words
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Page 13 Advertisements
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Advertisement113 1980-10-25 13 BUSINESS TIMES GIVES YOU THE EDGE OA > 1 THE END is near. Yet, it it, for Tengah Golf Club. CHARMAINE CHAN reports on Tengah's Farewell Competition held earlier this week. RESULTS Sembawang stableford and Cross-country Marathon. Turning professional How should our local soccer stars go about it? RONALD KOW113 words
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Advertisement10 1980-10-25 13 'BUSINESS TIMESI When we say business we mean just that10 words
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Page 13 Miscellaneous
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Miscellaneous480 1980-10-25 13 WHAT WHERE < READING DEAR SIR DEAR MADAM Some letters are sad, some are funny and nonsensical, while others, such as those of Bernard Shaw or Lewis Carroll, are literary. The Raffles Group will present a programme of letters on Oct 30 and 31 at 7.30pm in the Tiffin Room,480 words
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