Golden Bull winners 1988
- Barclays Unicorn Limited won a Golden Bull for an advert. This was for the type style more than the wording. It was written in 6 point italics.
'Prices and yields: The offer and bid prices (buying and selling prices) together with estimated gross yields, are calculated every business day and published in the Financial Times. All buying expenses are included in the offer price. The fund is revalued every business day at 10.00am. Dealings take place of any business day between the hours or 10.00am and 4.30pm. On 1st August 1988, the current estimated gross yield was 2.66% This yield reflects only the annual incomes of the Trust and not the prospect of capital growth. The Securities and Investment Board regulates the way in which prices are calculated. The Managers may not offer to sell units at more than a maximum offer price as set out in a Department of Trade and Industry formula. The maximum offer price is based on the cost of purchasing the underlying assets of the Trust, together with expenses and the initial service charge, divided by the number of units in issue. The Managers are obliged to repurchase units at not less than the minimum bid price, which is the price per unit at which the underlying assets could be sold less expenses. On 1st August 1988 the maximum permitted difference between the quoted offer and bid prices of Barclay's Unicorn '500' Trust was 8.52%. Barclays Unicorn can quote a narrower spread between the prices and on 1st August 1988, the difference between the quoted offer and bid prices was 6.24%.'
- Centre for Health Economics for a press release about a research paper
'This paper reports the results of an investigation into the technical efficiency (ie. the ability to convert inputs into outputs) in the NHS hospital sector. The method employed is the 'stochastic frontier production function'. In contrast to the approach adopted by Feldstein in his 'Economic Analysis for Health Service Efficiency', the stochastic frontier approach recognizes that a hospital's failure to produce exactly what would be expected of it on the basis of the parameters of its production function may be due not only to technical inefficiency but also to random influences outside its control (eg. viruses).'
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- City of Edinburgh District Council for a letter about senile dementia
'Following a general discussion and exchange of views, the Advisory Committee resolved to reccomend that you be advised that the Advisory Committee welcomed the two reports and offered any assistance in the implementation of the reccommendations contained therein with the proviso that it be made known to you that the Advisory Committee were of the view that any additional resources channelled to assist sufferers of senile dementia should not be drawn from existing resources and services for the elderly in Lothian Region as this would have a severe detrimental effect on the health and welfare of elderly people.'
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- Department of Social Security for a letter to a pensioner
'There are however, special rules which apply to the payment of retirement pension to a widow who is getting a war widow's pension. These say that basic retirement pension based wholly or partially upon the contributions of her late husband cannot be paid in full to a widow who is getting such a benefit. She can only be paid the balance of basic retirement pension and increase for putting off retirement which is left after taking off her war widow's pension or, the part of the basic retirement pension which is based purely on her own contributions, plus any increase for putting off her retirement, whichever is the more favourable.'
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- Lloyds Bank plc for an indemnity document
'I undertake in the event of any claim being made upon you thereunder, or under any increase or decrease thereof or extension or renewal thereof (whether for the same of for a greater or less amount), which you may hereafter make or agree to at my request, and in the event of the validity of such claim being disputed by me, from time to time upon demand to provide you with such funds as you may require to defend any legal proceedings instituted against you, and in default of my so doing you shall be entitled to admit or settle any claims or proceedings on such terms as you shall think fit...'
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- Salter Rex Commercial Estate Agents for a letter to leaseholders
'The requisite clause states that if the rent hereby reserved or any part thereof is unpaid for 21 days after becoming payable, (whether formally demanded or not) or if any of the covenants on the part of the lessee herein contained are not observed and performed, then and in any such case it shall be lawful of the lessor or any person or persons unauthorised by it in that behalf at any time thereafter to re-enter the premises or any part thereof in the name of the whole and thereupon the term hereby created shall absolutely determined but without prejudice to any right of action or remedy of the lessor in respect of any breach of the covenants on the part of the lessee herein before contained.'
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- Security Pacific Business Finance (Europe) Ltd for a letter to a hospital about a debt
'The above indebtedness has been assigned to us absolutely by virtue of an agreement between the supplier and us for the factoring of receivables. Notice of this assignment was given on the invoices by which this indebtedness was represented and was confirmed on any statement which we may have sent you.
'We remind you that payment to us alone in respect of any indebtedness arising from supplies by the above named supplier will discharge your obligations therefore.'
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- Sooner Snacks Ltd for a letter to a customer
'I am sorry to learn you have had cause to complain about our crisps which contained a purple pigment.
'The conditions is likely to be due to the presence of a group of naturally ocurring pigments called anthocyanins.
'Potato varieties with pigmented skins owe their colour to anthocyanins dissolved in the cell sap of the periderm and cells of the peripheral cortex.'
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