english

51

Exercise 5

1.Consider the following points. Share your ideas with a partner or a small group. Be prepared to explain your answers to the class.

a)What are the main functions of the trade union?

b)What is the reason for trouble in he press room?

c)What are the grounds for Smith’s wage claim?

d)Why does I. Hampden feel that the system of profit sharing should be introduced in the firm?

e)How has I. Hampden managed to make J. Green approve the profit-sharing proposals?

2.Recount the situation as if you were Jack Green, say whether you are in favour of the profit sharing scheme suggested by Ian Hampden.

3.Suppose you are Ted Fielding. Do you approve of the way Ian settled the problem?

4.Speak as if you were Ian Hampden and brief the audience on the chief responsibilities of a Personnel Manager. Is engagement and dismissal of employees his only function?

5.Suppose you are Symes, an employee who stands by the time clock. Brief a trainee on the following matters:

a)what an employee has to do with his time card when he arrives or leaves his place of work;

b)what an employee should expect to happen to his pay if he arrived late at work.

6.Suppose you are the District Organiser of the National Worker’s Union. Say

a)what the responsibilities of a shop steward are;

b)if a worker belongs to the union, to whom he pays subscription or union dues;

c)if an employee works late, what extra money he could claim.

7.Act out

a)an imaginary conversation between Ian Hampden and Peter Wiles after Ian’s talk with Jack Green;

b)an imaginary talk between Jack Green and Smith after Green’s talk with Ian Hampden.

Phrase list

Listen to the tape and practise the pronunciation of the following words and word combinations, quote the sentences in which they are used in the unit. Consult a dictionary and translate them into Russian.

private company Memorandum of Association authorised capital

to carry a vote ( about shares ) to have a controlling interest

to be in a position to take over somebody/something a fully owned subsidiary

to outvote somebody personal loan

the rate of interest to ask for security

to hold the deeds of somebody building society

to repay a proportion of the loan to somebody plus interest to agree to a second mortgage (the mortgage with ...)

to raise a mortgage on somebody’s property to give (to advance) an unsecured loan

to have the lion’s share with fifty per cent the solicitor

to form a trust to raise a loan

the total share capital

to see somebody at short notice an overdraft

to provide (an adequate) security

to have somebody’s record of business as a guarantee to have a straight loan

to pay two per cent above the bank rate to get a holding equal to something

53

Task I

Consider the introduction to the unit. Answer the following questions and be ready to give a story line. Use the word combinations in brackets.

1. What do we call a private company?

(to be a private company; to be formed by two or more people; to sign a Memorandum of Association; to state something; to agree to take a certain number of shares; to follow the signature; to take shares in the company; members, or shareholders)

2. Why does Harper & Grant Ltd. belong to private companies?

(to found the company; to be started originally by somebody; the authorised capital of the company; to grow; to be worth a certain sum; to carry a vote at a shareholders' meeting)

3. What can the death of Ambrose Harper lead to?

(to cause a crisis in the firm; to manufacture mattresses for beds; to own ten per cent of Harper & Grant shares; to be a personal friend of somebody; to have an opportunity of buying some of the shares formerly belonging to Harper)

4.Why does the opportunity of buying by outsiders the shares formerly belonging to Harper threaten the existence of Harper & Grant Ltd.?

(to own shares; to stop somebody getting shares; to do something for fear of upsetting the voting power at shareholders' meetings; to own fifty-one per cent of the shares; to have a controlling interest; to be in a very good position to take over the firm completely; to make a firm a fully owned subsidiary)

5.Do the management of Harper & Grant Ltd. welcome the possibility of a take over?

(to be jealous of somebody; to own too many of the shares; to raise a loan; to arrange something with the bank; to lend money; to borrow money; to pay interest on money; to buy enough of the shares; to outvote somebody; to be a personal loan; to be a short-term loan; to pay back the money; the rate of interest)

6. How did H.G. manage to raise a loan?

(to ask for security; to hold the deeds of Grant's house; a building society; to buy the property; to repay a proportion of the loan, plus interest; to agree to a second mortgage; to pay back the loan within the time limit; to pay up the first mortgage; the holder of the second mortgage; to give an unsecured loan; to be without any security or guarantee; to get the money back)

54

Task2

Give the English equivalents for the following word combinations:

§: , § -

( -

Task 3 Exercise 1

You are going to hear a talk between Hector Grant and Peter Wiles. Before you listen to the conversation look at these statements, which you will mark T (True) or F (False) after you have listened to the tape.

1.Harper & Grant Ltd. is on the verge of the biggest crisis in the history of the firm, but it has nothing to do with Ambrose Harper's death.

2.The shares of the company are distributed so that Peter Wiles’s mother and Hector Grant own the lion's share with fifty per cent.

3.The mattress-makers over the road, Wentworth and Company have ten per cent of the shares.

56

Grant: Oh? Well, what are you going to do about it? I can tell you one thing. If there's any question of not getting a loan, I'll consider taking my account, and that of the company, elsewhere.

: , , . ,

, ,

. ,

,

?

. ? Grant: It is.

: . ,

. , 20 ? Grant: Thirty. The mortgage is with the Albion Building Society.

:

. ,

...

,

.

Grant: How would you arrange the credit?

: , ,

, 2%-

, 9%.

, , , .

Grant: Well, you work all that out. I accept your advice. All I want is the money, and I want it quickly.

Exercise 3

Listen to the following extract from the recording, which shows how the situation progressed after H.G.’s visit to the bank. Try to complete the gaps, using no more than three words in each case.

Exercise 4

1.Consider the following points. Share your ideas with a partner or a small group. Be prepared to explain your answers to the class.

a)What is a private company? In what way does it apply to Harper & Grant Ltd.?

b)Why did the death of Ambrose Harper cause a crisis in the firm?

c)What is Alfred Wentworth’s ambition?

d)What for does H.G. want to raise a loan?

e)Is the bank manager positive about H.G.’s application for a loan? Why?

f)How did H.G. manage to raise a loan?

g)In what way are the shares of the company distributed? What changes are under way?

2.Recount the situation as if you were Mr. Brewer. What rules do bank managers stick to when granting loans?

3.Suppose you are Alfred Wentworth. What does Ambrose Harpers death mean to you? What are you going to do?

4.Act out

a. an imaginary conversation between Hector Grant and Caroline

b. an imaginary talk between Peter Wiles and Mr. Brewer in the bank

Phrase list

Listen to the tape and practise the pronunciation of the following words and word combinations, quote the sentences in which they are used in the unit. Consult a dictionary and translate them into Russian.

quarterly breakdown of overheads expenditure against budget

to place the order with somebody

to have the production capacity to do something to meet the delivery dates

to put something at somebody’s disposal

to incur expenses pro forma invoice

to apply to the National Bank for foreign exchange a reduction on the unit price per desk

c.i.f. ( f.o.b.) a single order a package deal

the budgeted turnover marginal cost

the recovery on something merchandise

an original letter of inquiry

irrevocable letter of credit, confirmed on a London bank to quote in local currency

to be conditional on something ( the rate of exchange)

59

Task I

Consider the introduction to the unit. Answer the following questions and be ready to give a story line. Use the word combinations in brackets.

1. Is the situation with the new export market in Abraca encouraging?

(to open up a new export market; to have orders from Abraca; to have a look at the quarterly breakdown of overheads; to detail actual expenditure against budget; the amount spent on travelling and entertainment)

2. Why did John Martin keep quiet about an enquiry from the Abracan government?

(to have an enquiry from the government; to give a quotation; to supply office furniture for government buildings; to place the order with somebody; to be one of the largest orders the firm has ever received; to wait until the order was definite; to check something with somebody; to have the production capacity; to meet the quoted delivery dates)

3. What does the inquiry from the Abracan Ministry of Public Works read?

(to see the factory; to negotiate the order; to be suitably entertained; to book a hotel for somebody; to put a car at one’s disposal; a curious

reference; 'special requirements'; to be astonished; to discover something)

Task2

Give the English equivalents for the following word combinations:

60

Task 3 Exercise 1

You are going to hear a talk between Hector Grant and John Martin. Before you listen to the conversation look at these statements, which you will mark T (True) or F (False) after you have listened to the tape.

1.Hector Grant is discouraged to find out that they haven't had a single order out of John Martin’s visit to Abraca.

2.John Martin is optimistic about the Abracan market because a very large order has already been made - office furniture and equipment for two entire government departments.

3.John has already sent pro forma invoices to Abraca so that the Ministry of Works can apply to the National Bank for foreign exchange.

4.In their order the Abracan Ministry of Works want a reduction on a unit price per desk for a larger quantity than Harper & Grant Ltd. originally quoted for the price to be f.o.b. Djemsa.

5.If Harper & Grant accept the requirements of the Abracan Ministry of Works it would be the largest single order in the history of the country.

6.Harper & Grant hardly have the capacity to produce the order also it'd be in addition to the budgeted turnover for the year, so there will be no recovery on marginal cost.

7.The terms of payment are conditional on the rate of exchange which prevails on the date of Harper & Grant’s quotation not fluctuating more than three per cent either way.

Exercise 2

Act as an interpreter.

: . .

,

. -

,

, , ,

, . ,

.