Episode 8 MYSTERY BACKERS NAMED
S c e n e o n e
Tom Jayal and Paul Osman go to see Taki Kamal at the Commercial Credit Bank.`
Kamal:Come in, come in. Tom! Paul! This is a surprise. I hope there’s nothing wrong?
Tom:On the contrary, Kamal. Everything’s fine, just fine.
Kamal:So is it business or pleasure?
Paul:Business.
Tom:In fact, it’s about your suggested merger with Multi-National Engineering Incorporated.
Kamal:Ah. Don’t get me wrong. The bank is not trying to go behind your back. You see, the bank has a lot of faith in both the Jayal Motors and its management.
Paul:So why the suggested merger?
Kamal:Well, as your bank we have an interest in ensuring that the rapid expansion over the last few years bears fruit, as it were.
Paul:Yes?
Kamal:The bank has also to take into account the interests of its own shareholders.
Paul:Yes, but it is not necessarily in our interest to lost control of the business.
Kamal:Oh, come, come. But there are obvious advantages in being associated with such a world-wide group as MEI.
Tom:We agree with all that, Kamal, but the point is we believe we can do just as well ourselves.
Paul:And to cut a long story short, Kamal, we’ve got some new backers.
Kamal: Well, yes, that’s good news and ... er ... rather a surprise I must say.
Tom:So the whole story is that Carl Sindon and Eve Sorrel are putting up 200,000 utiles and taking a 25% stake in the business. I am retiring and passing some of my shares to Paul and Tara. So Paul, Tara and myself will still have a 53% majority. Jack has 15% under the new arrangement which reduces the bank’s stake from 10% to 7%.
Kamal:I see. You have it all planned - a fait accompli, it seems. You know, head office won’t be happy about losing the prospect of getting MEI as a client.
Paul:No, I don’t suppose they will.
Kamal:But neither in my opinion can the bank afford to lose Jayal Motors.
Paul:That’s absolutely right, Kamal. We could well be the MEI of the future. (general laughter)
Ex. 1. Agree or disagree with the following statements. Use such introductory phrase as: It’s true./ It’s false. In fact...
1. Kamal has already talked to MEI about merging two companies. 2. Kamal went behind Jayal Motor’s back. 3. Kamal’s first concern is for the shareholders of Jayal Motors. 4. Jayal Motors increased its production very quickly and the bank lost its faith in the quality of bikes. 5. Kamal is not surprised that Jayal Motors has got new backers. 6. The new backers are Carl Sindon and Chris Mayor. 7. Tom Jayal Jayal Motors is not going to use Kamal’s bank any longer. 8. Kamal was disappointed that Jayal Motors is not going to merge with MEI. 9. The ba nk can’t afford to lose Jayal Motors as a client.
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Ex. 2. Choose the appropriate variant out of the proposed ones and translate the sentences. Put questions to the subjects of the sentences.
1. Tom and Paul have come to see Kamal (on pleasure; on business, on both pleasure and business). 2. The question of their discussion was (the reduction of the bank’s stake in the company; the terms of making loans for the expansion of the company; the suggested merger with MEI). 3. The bank has (no,; little; a lot of) faith in the Jayal product and its management. 4. Having suggested the merger with MEI the bank took into account (its own interests; the interests of its shareholders; the interests of Jayal Motors). 5. There are obvious (advantages; disadvantages; both advantages and disadvantages) in being associated with MEI. 6. Kamal (was glad, was surprised, was disappointed) at hearing about new investors of the company. 7. Carl and Eve are putting up 200,000 utiles (in their own business, in MEI, in Jayal Motors). 8. Under the new arrangement the bank’s stake in the business (will be reduced, will be increased, will not change). 9. In Kamal’s opinion the bank can’t afford to lose (Jayal Motors; MEI, both Jayal Motors and MEI). 10. The bank will have (to accept; to refuse; to discuss) the reduced stake suggested by Tom.
S c e n e t w o
Carl Sindon and Eve Sorrel got married. They are going to move to Zana but at first they have to work three months of their respective notices. Carl and Eve are in Carl’s office in Industria. Bill Cornell, the retailer, phones to talk about Jayal Motors and the import restrictions.
Carl:Eve, I’ve looked through morning papers. The Industria government is reported to have imposed temporary and selective restrictions on certain goods coming from developing countries, despite the international agreements.
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Eve:Does this directly affect Jayal Motors, Carl?
Carl: I haven’t got all the details yet. No one seems to know who’s affected by the restrictions. The city press certainly aren’t keen on the idea at all.
Eve: What do they say?
Carl: «The new restrictions will harm Industria’s exports if other countries retaliate. This will in no way help Industria’s balance of payments nor protect unemployment.»
Eve: Yes, I agree. But with an election coming up next year the government is taking a typically short-term view. They are gambling on the fact that Industria’s trading partners won’t retaliate by imposing restrictions on Industria’s exports.
Carl:That’s quite a gamble. (buzz...) It’s Carl Sindon. Speaking.
Bill: Hello, Carl.
Carl: Oh, Bill. Nice to hear you again. Well, how are things, Bill? How are the bikes doing?
Bill: Well, Jayal bikes are selling very well at the moment. On average about 400 a month over the last few months. Now I’m going to get a licence to import.
Carl: And you mustn’t overstep the quota restrictions. It means cutting this figure of 400 by 20% over the next 12 months.
Bill:Yeah, it’s a bit of a pity.
Carl:How much stock do you have?
Bill: Oh, about enough to cover two month»s sales.
Carl:Good. Look, the restrictions don’t come into force till next month. How about doubling your normal order immediately?
Bill: Yes, well, I can do that. There’s no problem at my end but can Jayals get the bikes here on time?
Carl: I’m sure they can. They’ve got all the latest equipment. You see, they have expanded their factory considerably.
Bill:Oh, good, I’ll get on to it right away. I’ll be in touch. Bye, Carl.
Carl:Bye, Bill. Thanks for calling.
Eve: I’d better telex Paul immediately.
Carl:One thing we have to do when we get back to Zuritania, Eve. We must develop new markets... Jayal Motors can’t be wholly reliant on one market.
Eve:Yes... see what happens.
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