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Family Money: Tracking
the Markets
By Leslie
Wright
For those who thought this article was going to be
about comparison shopping in Lotus, Foodland, Big C, Best and Friendship,
or where fresh seafood and vegetables may be bought at 4 a.m., I’m sorry
to disappoint you. (But if enough readers request such an article I’ll
be happy to write it.)
I am of course referring to keeping track of the
world’s stock markets.
Most investors like to keep a close eye on how their
investments are performing, and many track the markets or even the
individual stocks in which their money is invested. There’s nothing
wrong with this - it’s only natural that you would want to know whether
your money is growing or shrinking.
Modern communication technology can help enormously in
putting information at your fingertips. Whether it’s the right
information and gives you a realistic or distorted picture is another
matter - and one that I believe should be addressed.
For instance, if you were asked to guess which had been
the five best-performing stock markets (as reflected by the increase in
their indexes) over the past 12 months, which would you pick?
A good number of readers will immediately say, “Well
of course the U.S. was #1!” In a mini-survey I conducted recently among
my own clients, many said the same.
Some of you will have included Japan; some Germany;
some Hong Kong. A few myopic super-nationalists may even have included
Thailand.
It may then come as quite a surprise that the past 12
months’ performance of neither the USA’s Dow Jones nor S&P 500
ranked even in the top 20.
In fact, the DJI came in a long way behind the leaders
at number 40, with a net gain of only 7.9% over the past 52 weeks (and
heading steadily downwards it seems, having already fallen to the same
figure it was at last April.)
Of course, those avid watchers of CNN, CNBC or even BBC
World would probably not have surmised this relatively poor performance
from the hype we get blasted at us every day from those stellar sources of
information.
Japan - about which there’s been so much commentary
both in the press and on TV in recent months - didn’t make it into the
top 10 either, although with a 52-week gain of 49.4%, the Nikkei easily
bettered the USA’s Dow Jones, and currently occupies the #20 slot.
In the same period, Germany’s DAX put on a
respectable 36.1%; but even that significant gain didn’t get it past
25th position in the rankings. Similarly, France’s CAC40 gained a very
acceptable 33.8% - but only made it into 26th place.
Those who read the business sections of quality
newspapers and included Hong Kong amongst the leaders were much closer. In
the 52 weeks prior to the time this was written (a fortnight before
publication), the Hang Seng Index had put on 71.5%, and actually ranked
number 13 in the world in terms of performance.
Glued to the Box
Certain cable TV news programs swamp you with so much
information so fast that it’s hard to follow what they’re talking
about half the time, let alone evaluate the information objectively.
The tendency of these programs to focus so much on
what’s happening in the US is not really surprising when you consider
that not only is the US stock market the world’s largest in terms of
capitalisation (almost half the world’s equity value in fact), but the
networks are mostly owned, supported and sponsored by - you know already,
don’t you? - Americans. (And please don’t misinterpret that comment:
some of my most valued clients are Americans, and so is my ex-wife.)
Also, since these programs focus so much on the
here-and-now, and getting this news to you quickly (which helps their
ratings - which is their only measure of success, after all), they rarely
(if ever) tell you what has been happening to the stock markets over
longer periods of, say, three let alone twelve months.
After all, no-one’s interested in yesterday’s news,
are they?
And for the vast majority of their viewers, Paris is in
Georgia, and who the hell cares what’s happening in Finland, which is
part of Russia, isn’t it?
Well, Finland, for your information, may have been a
good place to have invested some money last year, since over the past 6
months its stock market index gained 98.1%, and in the past 52 weeks rose
135.7% - more than seventeen times as much as the Dow Jones Index that
everyone spends so much time looking at and commenting on, no matter which
direction it seems to be headed.
A Spider on the Web
For those with a computer and a modem, getting
information from the Internet is relatively easy and enables you to obtain
up-to-date information almost instantly - if you know where to look (and
assuming you’re able to access your local server node without too much
difficulty, and it’s operating at more than the snail’s pace that
seems to be the norm no matter what time of the day or night you connect,
and is not swamped with too many people all trying to ‘surf the net’
at the same time.)
But even the Financial Times’ excellent and
informative website does not provide performance figures for all the
world’s stock market indexes for the past day, week, month, quarter, or
year.
I am in the fortunate position of having this
information faxed to me on a daily basis; but most amateur investors do
not have access to such a facility, even if they were interested.
Top performers
So which were the ten top-performing stock markets over
the past 12 months in US$ terms?
Shenzhen, China, took 10th place, with a gain of 78.6%.
Israel soared into 9th place with a gain of 80.9%, while Mexico - (which
not too long ago seemed to be a very poor bet, didn’t it?) - came in 8th
with a gain of 82.5%.
The #7 slot was taken by Pakistan, whose index had
risen by 102.9%, while the 6th best return over 52 weeks - 129.6% - came
from Brazil (which, back around Christmas of ’98, you may recall, was
very much the worry-of-the month.)
Curiously, the five stock markets which have produced
the best returns over the past 12 months have also been the best
performers over the shorter periods of both 3 and 6 months. These
top-performers are going to come as a surprise to many readers, and they
are, in reverse order:
#5 - Finland (+135.7% in 52 weeks)
#4 - India (+137.0%)
#3 - Turkey (+143.4%)
#2 - Malaysia (+159.3%)
And with a gain of 178.0% over 12 months, the #1
performer - despite the political news that would seem to indicate the
place is still in deep trouble - was Russia.
But the most spectacular short-term performance was
returned by Turkey, which has been #1 over both 3 months (+70.4%) and 6
months (+126.5%).
The shrewd birds who gobbled up some shares in Turkey
in mid-1999 must now be full of delight and taking a bath in their
profits.
But horrid puns aside, if any readers deduced a year
ago - or even 6 months ago - that those particular markets would be the
star performers over these periods, I take my hat off to them, because few
people would have got that guess correct given the somewhat unsettling
news coming out of most of those countries in the preceding few months.
These results show that spectacular gains may be made
in relatively short periods from what may have seemed the least likely
candidates. However, putting money into those highly volatile emerging
markets a year ago would have been pure speculation rather than strategic
investing. Not for the faint-hearted nor for your retirement capital!
The listings also amply demonstrate that last year’s
losers can be next year’s winners - and vice versa.
So tracking the ‘major’ markets - especially on TV
- is fine if those are the only markets in which you’re invested. Also,
they can sometimes - but not always - be indicative of global market
trends. But such data can also be misleading since, just like looking out
of a moving train window, you get only a narrow or even distorted view of
what’s going on in the world as a whole.
When a major market is going down and the Talking Heads
are wheeled out to prophecy doom and gloom (as happens with monotonous
regularity every time there’s a dip in the Dow or FTSE), the
commentators very rarely mention that another market (especially if it’s
an obscure little emerging market) may benefit from the capital outflow
and is poised to go up.
Thus you may well lose out on investment opportunities
which are available to those with more complete information.
Leslie Wright is Managing Director of Westminster
Portfolio Services (Thailand) Ltd., a firm of independent financial
advisors providing advice to expatriate residents of the Eastern Seaboard
on personal financial planning and international investments. If you have
any comments or queries on this article, or about other topics concerning
investment matters, contact Leslie directly by fax on (038) 232522 or
e-mail [email protected].
Further details and back articles can be accessed on his firm’s website
on www.westminsterthailand.com.
Editor’s note: Leslie sometimes receives e-mails to which he is
unable to respond due to the sender’s automatic return address being
incorrect. If you have sent him an e-mail to which you have not received a
reply, this may be why. To ensure his prompt response to your enquiry,
please include your complete return e-mail address, or a contact phone/fax
number.
The Computer Doctor
by Richard Bunch
From Mr. Lotter: Yesterday I
tried to open Photoshop when I was confronted with this message: PHOTOSHP
caused an invalid page fault in module COOLTYPE.DLL at 016f:00a9bb00.
Registers: EAX=0257c55e CS=016f EIP=00a9bb00 EFLGS=00210293 EBX=00acdeb0
SS=0177 ESP=00d0cbcc EBP=00d0cbd4 ECX=00000000 DS=0177 ESI=0257c55b
FS=0fcf EDX=00000003 ES=0177 EDI=00acdeb0 GS=0000 Bytes at CS:EIP: 8a 06
88 07 8a 46 01 88 47 01 8a 46 02 88 47 02 Stack dump: 0256c4f6 00d0e510
00d0cc28 00a4ac83 00acdeb0 0257c55b 00000003 00ab7e30 00d0e510 00000001
00d0e51c 00d0e518 00d0e514 00000006 0000001 00000004
I also have Corel Draw 9 running on my system. I have
tried to remove Photoshop and re-install it by with the same error
message. I have a Pentium III, 450 MHz, with 128 Mb ram and a 10 GB Hard
drive. Could you please assist me in this matter, as I am unable to open
Photoshop?
Computer Doctor replies: I imagine you are using
the latest release of Photoshop, that is version 5.5. In any event this is
the version you should be installing as it fixes many bugs as well as
having several new features, which are well worth having. You have not
told me whether you have installed any Plugins and if so what they were,
these could affect the prognosis. Also has Photoshop ever worked and if it
has, what have you installed or otherwise reconfigured? In the meantime,
obviously in this case, try to back out the changes and return to the
status quo. Having backed out any changes, you will probably need to
uninstall Photoshop, being mindful to uninstall any plugins before
uninstalling Photoshop itself. Try also running it without any other
non-essential applications running, KIV anti virus software and things
that are started from the autoexec.bat and config.sys. If necessary,
temporarily edit these out with a REM statement. Some other quirky things
I have known to happen are a dislike to certain monitor drivers, so try
changing your monitor type to a standard windows PnP. It is almost certain
that the problems you are experiencing are unrelated to Photoshop but are
due to a software or hardware conflict. One other point to note when
installing plugins under Photoshop 5.5 is that the plugin directory has a
changed name of plug-ins as opposed to previous releases which were called
plugins. It is therefore important when installing plugins that the
correct destination directory is set.
From Jack Royle, Pattaya: I have recently purchased
a secondhand laptop computer. Apart from the fact that I have now realised
it is under powered and was overpriced I cannot get the system to retain
my password when I connect to the Internet. For your information, it has
Windows 98 installed and a Xircom combo PCMCIA card for the modem.
Computer Doctor replies: Firstly, I suggest you
perform a ‘Find’ for *.pwl, any files that are found should then be
deleted. Next, right click on the Network Neighborhood icon and select
Properties, from there, if not already selected, change the Primary
Network Logon to Client for Microsoft Networks. At this point you may need
your Windows 98 CD ROM. You will be prompted to reboot the PC and when it
boots, you should be able to type in a name to identify yourself to the
system. A password is not necessary unless you wish to put one. Next open
Settings/Control Panel/Internet Options and select the Connections tab,
highlight each Dial up Account in turn and select Advanced, type the
Password for your DUN account and OK, repeat for all accounts. Restart the
PC and try to make an Internet connection using a DUN account, your
password will be retained.
Send your questions or comments to the Pattaya Mail at
370/7-8 Pattaya Second Road, Pattaya City, 20260 or Fax to 038 427 596 or
E-mail to [email protected]
Richard Bunch is Managing Director of Action Computer Technologies Co.,
Ltd. Providing professional services which include; website design,
turnkey e-commerce solutions, website hosting, domain name registration,
computer and peripheral sales service and repairs, networks (LAN &
WAN) and IT consulting. Please telephone 038 716 816, e-mail [email protected]
or see our website www.act.co.th
Successfully Yours: Terry
Davies
by Mirin MacCarthy
Terry Davies was born in Sydney so many years ago he
deserves to be well and truly retired, lazing back on a beach or a yacht
contemplating the horizon. But this is not for Terry. When asked why
Thailand, he replied, “All my mates were retired, doing nothing, just
waiting to die. That wasn’t for me.”
Over here, Terry is the Managing Director of the Single
Handed Sign Company, and the Internet caf้ next door, www.handii.com,
both in Soi Buakhow. He first came to Thailand on a holiday six years ago;
decided this was the place for him and his next challenge. He returned to
Australia to put his daughter through high school and see her settled.
“She has now finished her BA in Psychology and Asian studies,” Terry
said proudly.
Terry then moved here lock stock and barrel. That was
four and a half years ago, and he hasn’t been sitting idle. In that time
Terry has married a beautiful Thai lady, Chiang Lai, and produced a
hyperactive little 3 year old daughter who is convinced her name is Pi,
and together they have built up the Single Handed Sign Company, and six
months ago opened their first Internet caf้ in space that wasn’t
being put to good use.
Terry is the sort of person who thrives on a challenge.
The important values to him are being a real person, being genuine,
sincere. Success to him is, “Achieving what I set out to do.” Both of
these views are reflected in his advice to ex-pats who want to make a
business here. “If you do work, I mean real work, and you are honest,
then you can’t help but make money here. It is that simple.” And that
was said with true conviction.
Going back to Terry’s past in Australia, he was a
good student, and was sent to 4th Street High School in Sydney, which was
a selective school for only the top students in the state. He laughed and
said, “I was a good salesman even then.”
Brought up with two brothers in Annandale near Balmain
in Sydney, he liked sports and played cricket, tennis and rugby in high
school and later was involved in competition water skiing, competing in
the famous 68 mile long Bridge to Bridge water ski classic.
When he was 24 he took up yacht racing in 30ft keeled
cruisers, then sailing in 47ft aluminium sloops. However, after 20 years
in the sport he decided that sailing was too expensive a pastime. Yacht
racing has been described as a hole in the ocean you throw money into!
Straight out of high school Terry took a diploma in
Technical Lighting Engineering, studying at night and working for a
Lighting Engineering company during the day. He laughs and says, “After
five years, the day I got my diploma was the day I left and I never worked
in the industry again.”
Then footloose and fancy free, Terry travelled
Australia for the next couple of years. Then it was back to Sydney where
he opened a video business back in the early days of video.
Terry next moved sideways to an outdoor advertising
business. “That was the best business I ever had. I rented space on land
and buildings and put up large advertising signs. I only had to work an
hour a day, and I made a lot of money when I sold it to an international
company.”
Terry then had itchy feet again and moved to Perth.
Why? “I still don’t know. I went there for a holiday, saw a neon sign
business for sale and bought it.” Terry got married in Perth and had one
daughter. He ran the neon sign business successfully for 7 years and again
sold it for a good profit.
But fate stepped in. In 1987 he lost the lot overnight
when the Australian stock market and economy crashed. “I still owed the
stock broker $20,000 dollars,” he said ruefully. “All I had left was
my house and my car and you can’t eat them.”
Terry was not one to stay still and look mournful, so
he opened a sign company. Why? “Because it was the same process, quick
and simple and cash money.” He bought cutting machines and computers and
was involved in that for eight years in Australia, before that fateful
holiday to Thailand.
Sine he has opened his businesses here, he is insistent
that it is not him but his fellow Thai employees who do all the work. “I
am very proud that I have taught the Thai staff to operate all the
machinery and computers. They have all learned sophisticated new skills
since being with me,” he says grinning at Chiang Lai who is wrestling
with ‘Pi’. “Now they understand the need for high quality and do
produce work comparable with American standards.”
His plans for the future are to build up his Internet business and
especially to give something back to the people. To this end he is
organizing a community benefit drive for later this year. There is one
thing certain, Terry Davies is not one to be sitting around doing nothing!
Snap Shots: Plagiarise!
Let no one else’s work evade your eyes!
by Harry Flashman
The title this week is a complete pinch from the
satirist of the ’50s Tom Lehrer who used it as the title of a song.
Plagiarism is, particularly with digital imaging, “sampling” and the
‘net, almost an “art form” these days. It is with “art” in mind
that Harry would like you to look at what turns you on (photographically)
and what images you would like to produce for yourself.
There is no doubt that all photographers are influenced
by other photographers’ work. Is this a bad thing? The answer is an
unequivocal yes and no! While it can be said that all our images should
come from the visual stimulus of the great world around us, there are many
ways that those visual stimuli can be recorded.
If you took five photographers and asked them to shoot
Pattaya Beach, for example, you should, in theory, get five different
images. Man in deckchair, dog watching boat, tourists with pink towels,
beach vendor and massage lady all spring to mind.
But what if you asked the same five photographers to
shoot the “massage on the beach” scene? What will you get now? Well,
hopefully, if they are five photographers with enquiring minds and
artistic bent you could get a Black and White shot of hands kneading a
leg, a close-up the lady preparing the tourist’s body for its torture, a
wide shot with the beach stretching out behind the action of the massage,
a close-up of a blissful look on the tourist’s face or a shot taken from
above looking down on the massage action.
But how did those five photographers get to the stage
of being able to visualise those different shots? The simple answer is,
they all saw the shot before! Not the complete, down to the last detail
shot, but something similar. That something similar could have been a
picture of a surgeon’s hands on a body which then rang a bell in the
photographer’s mind to say, “Take the hands kneading the flesh”. The
original surgeon’s hands shot was B&W too. Knowing that this would
be a shot with “impact” the photographer loaded up some B&W and
fired away. Is this then plagiarism?
In Harry’s mind, it is all a matter of degree. If you
use someone else’s work or images for stimulus, then it is not
plagiarism. It has given you an artistic “kick-start” that’s all.
However, if you slavishly copy someone else’s image, down to the
positioning of the hands, type of lighting, type of print etc., etc., then
it is a downright steal!
There is nothing at all wrong with buying a
photographic book and studying another photographer’s work. There is
nothing at all wrong with saying, “I wish I had taken that shot.”
There is nothing at all wrong with working out how you could apply another
photographer’s techniques to your own photography.
However, there is everything wrong with copying. Look
at the pictures with this week’s column. Great shots, both of them. One
photographer admitted he used the work from the other to set this shot up.
For my money, this is a steal. The fact that a pepper could evoke images
of human sexuality was seen by the first photographer. The second guy did
not come up with a different “feel” or evocative sensation. It is the
same shot, taken with a different pepper. It’s a pinch!
Use other people’s images as a stimulus, don’t be
tempted to plagiarise!
Mind you, the other evening when Harry spent some time arranging and
posing a couple for a Valentine’s Day shot, he was less than impressed
by the “press” photographer who rushed up behind him and took the same
shot over Harry’s shoulder. That, says Harry, is real plagiarism!
Modern Medicine: I
can’t sleep, Doctor!
by Dr Iain Corness
Sleep disorders are some of the commonest problems a GP
will meet in his or her lifetime. It begins with children whose mothers
will state, “Little Johnny won’t go to sleep.” The next group are
the young adults whose mothers will say, “Johnny stays out all night at
parties. I’m sure he’s not getting enough sleep.” After that it is
the young executives, fighting and clawing their way up the corporate
ladder, whose wives say, “John is working too hard and getting up at 3
in the morning. He’s only getting four hours sleep a night. This can’t
be good for him.” The next group is the retired folk, whose daughters
come along and say, “My dad, John, doesn’t go to bed till 11 p.m. and
he’s up feeding the chickens at 5 a.m. Surely an old man like him needs
more than 6 hours sleep?”
Looking at the groups mentioned above, Little Johnny
won’t go to bed because he is a small child and life is far too exciting
to waste it in his bedroom. This is a behavioural problem, that’s all.
Closing the bedroom door firmly and turning out the lights at a consistent
time every night fixes that one.
The young teenagers who party all night (and day, in
some cases) have got a huge capacity to be able to do this. Provided they
are not taking drugs to maintain the pace, either set reasonable limits to
be home by, or ignore it. The teenagers of yesterday do grow into the
responsible adults of tomorrow.
The middle executive on the way up does have a problem.
His getting up at 3 a.m. is a symptom of someone who is over stressed.
This person is in danger. He either has to change his attitude to his work
situation, or take concrete steps to become more at ease with the job.
Sometimes this might even need the family unit to look hard at what they
want out of life, and what sacrifices they are prepared to make.
Then there’s Dad. One of the funny things about
getting older (if there really is a funny side to losing your hair, teeth,
vision and hearing) is that you actually need less sleep than before.
Leave the old codger alone - he’s fine! Getting him “sleeping pills”
is not doing him a service.
True insomnia, the inability to get to sleep or maintain sleep is
actually fairly rare. By that I mean insomnia without an underlying cause.
There is an unfortunate habit of going for the sleeping pills bottle, rather
than looking at the real problem. In Thailand, “sleeping pills”
(hypnotics) are not available over the counter. This is a good thing, in my
medical opinion.
Dear
Hillary,
Please help, I arrived here 7months ago from the U.K.
and seem to have found friends who drink alcohol as their favourite
pastime. Even when we do other things such as play rugby, drinking alcohol
surely follows. I can cope with the bad head and the expense of this
lifestyle but recently I have noticed that I have gained a lot of weight.
I have joined a gym to combat this problem and have met more friends who
also want to go drinking. Which in effect has doubled my alcohol
consumption. I know you might think, “Then don’t drink” but I’m
sure you know how difficult it is Hillary. I might think I will have just
one, but then I don’t care and get rat arsed. I used to be such a nice
girl. Please help.
Bulging
Dear Bulging Nice Girl,
What is a nice girl like you playing rugby and going to
the gym? Yes Hillary does appreciate how difficult it is to give up
drinking, having been found lying under a champagne bottle or two at the
odd time. My girl you must face the music that you are an alcoholic. Hey,
your friends do not pour the fire water down your throat. As a friend of
Hillary’s once said, “I gave up drinking when they invented
guzzling.” Have you ever heard of the 2-letter word NO? Join AA, seek
out a sympathetic friend or counsellor, doctor or monk. If you continually
get rat assed & then have to apologize to yourself and others you
definitely need help. If you are serious, then stick bulging photos of
yourself in bikinis on the telephone, the fridge and the liquor cabinet.
Good luck. And that’s not a “clink and Chok Dee!”
Dear Hillary,
Can you help me? I rented a car for a week and while I
had it somebody must have bumped it, probably in a car park or something.
When I took it back to the rental people they said I would have to pay for
the repairs. Is this fair? I didn’t damage the car, somebody else did.
Ken
Dear Crasher Ken,
Yes absolutely. You are responsible for the car no
matter where it is parked while you are renting it and are expected to
adhere to the terms of the contract and return it in the same condition as
it was leased to you. Read the fine print!
Dear Hillary,
Why is it that when I order something in Thai in a
restaurant, for example, the waiter will look blank obviously not
understanding, then after about two minutes they say, “Oh, xxxxx xxxxx
xxxxx” which was exactly what I said before!
Len
Dear Lennie the Linguist,
Ooooh No! Isn’t that just that just infuriating.
It’s all in the tones. Farangs just can’t get their tongues around the
tones and Thais genuinely can’t understand! Lang Reid’s Book Review
this week just might be the answer.
Dear Hillary,
One of the girls in my local bar told me she is going
to Nakhon Ratchasima for a week to see her mother. She asked me for a loan
of 500 baht for a minibus for her and her friend. Should I lend her the
money, or would it be better not to? She does always look after me in the
bar and keeps me out of trouble when I get a bit drunk, but I don’t want
to start something I will regret later. What should I do, Hillary?
Jack
Dear Jack,
Are you serious? A loan? Absolutely not. Either give
her the money as a gift or forget it. Loans do not get repaid! If she
keeps pestering you, either change bars or change bar girls.
Dear Hillary,
The cleaning lady at work is embarrassing me. Every day
she comes in with some more English words and phrases and my Thai is very
bad by comparison. I do not have time to go and get lessons (I did try
once but had a problem even doing the homework!) so I think I am stumped.
Have you any suggestions for me Hillary?
Reg
Dear Reg,
Yes wear earplugs. In the meantime, see Linguistic
Lennie’s answer!
Dear Hillary,
My wife (American) told me she wanted to get out a
little at night, but with one baby (our daughter, aged three) she felt she
was stuck in the house. I have to go out a lot because of my work (I am in
sales) for networking so I am not home a lot either. I said to get a baby
sitter, thinking that would let her go to the women’s groups every month
and things like that. Now I find she has started going to disco’s and
such at night, getting the baby sitter in every night. I am worried that
if she goes to disco’s she will catch my girlfriend (who likes disco’s
- I don’t) and I some nights. What should I do?
Larry
Dear Larry the Lounge Lizard,
Give up your girlfriend and take your wife to the discos instead. Or if
you want to leave her at home, take the baby sitter out! You’re a louse,
Larry!
GRAPEVINE
The
correct drill
A male model who won a leading nightclub’s
Sexy Man contest is in disgrace after making off with the 50,000 baht
prize money. The judges included an unusual 250 pounds Michael Jackson
lookalike (well he said that’s what he was), a sex change surgeon
from Taiwan and an expat who claimed to be the fashion editor for The
Baghdad Courier. They were unanimous in picking out Mr Dong, aged
24, as the evening’s clear winner. However, unsuccessful rivals in
the changing room later noticed that Dong had padded out his underwear
with a Black and Decker hand drill. The disappointed contestants tried
to grab Dong, but he fled onto Second Road, swinging his tool bag at
anyone who tried to detain him.
Curry garden
Indian food buffets are not the easiest
cuisine to organize. Starters such as vegetable samozas and Indian
breads, nan or paratha, can’t stand waiting around without losing
their appeal. These problems have been overcome at the first class
Sheer “E” Punjab restaurant on Soi Pattaya Park which serves a
quite delightful garden buffet every Friday for 245 baht net. Eat as
much as you like from the varied meat and vegetable dishes which have
an authentic “British style” spicy flavor, which is unusual in
Pattaya. The starters and breads are being made continuously in the
kitchen to ensure they are always in tiptop condition. Manager Garry
explained to GEOC (Grapevine Eating Out Collective) he changes the
menu for each Friday buffet. Hit it between 6.00 and 11.30 p.m. It’s
a real treat.
To settle an argument
A fight nearly broke out in a South Pattaya
bar this week over the origin of the expression “the nick of
time”. One of Grapevine’s loftier functions is to shed light where
darkness would otherwise reign triumphant. So here goes. The Nick of
Time was indeed the title of an engaging CD by singer Bonnie Raitt
some time ago, but the roots of the phrase go back to the Middle Ages.
Then sticks were used as counters and were adapted by schools as a
crude tool for taking attendance. As long as you made it by the time
the guy in charge reached your name, you received a notch on the stick
used to record your presence. That was the nick of time.
Remember, remember 1999
Pattaya really is a sentimental place.
Adverts are still appearing as if we were still in the last century.
Local cable TV last month was still promoting condominiums with the
catch phrase, “Buy now and own your very own unit before the year
2000.” A drinking den on Beach Road still hasn’t taken down the
notice reading, “Our beer prices will remain the same until the end
of the 20th century.” A tour operator is offering honeymoon
breakfasts in Bangkok if you splice the main brace before the end of
1999. But most bizarre is the scrawl painted on an abandoned shop
house off Central Road: “We will be gone after New Year’s day but
we will come back if opening again.” |
Quick
on the draw
What’s the fastest way to get your hands
on cash if you find you have run out of the stuff in Pattaya? Western
Union is now using the services of Bank of Asia in Pattaya and the
system seems to be working pretty well. In UK, Western Union’s free
phone number is 0800 833833. Your helpful friend, relative or bank
manager abroad pays the money through Western Union into your
temporary account at Bank of Asia. You don’t need to keep a regular
account there. People who have used the system say the transfer
usually takes a couple of days, weekends excepted. When you are in
touch with your contact overseas about transfer of funds, remember to
agree in advance a security password which will be required, together
with your passport, when you collect the cash.
Bits and pieces
Pattaya immigration bureau is now stamping
the last visa extension you can have with the word “Final”. When
you reach the due date, make sure you are out of the country… The
driving license center, opposite the Mercure hotel, insists on seeing
a current international permit as well as the usual pile of
documentation. If you don’t have one, you will need to take a
written test on the rules of the road, such as they are, in Thailand.
The twenty questions are in English and the staff on duty are most
helpful to middle aged and elderly farangs who have not sat an exam in
umpteen years…
Cinema truisms
Reader JL has sent us this list of things
you would never know without the movies:
During all police investigations, it
will be necessary to visit a stripclub at least once.
The Eiffel Tower can be seen from
any room in Paris.
It is always possible to park
directly outside any building you are visiting.
Medieval peasants had perfect teeth.
All beds have special L shaped
covers which reach up to armpit level on a woman but are waist high on
a man.
It’s easy to land a plane provided
there is someone to talk you down.
The safest place to hide in a
building is the ventilation system as the police never look there.
When they are alone, all foreigners speak English in
bed. |
Dining Out: Muchin’
at Haus Munchen
by Miss Terry Diner
The Dining Out Team ventured down Soi Germany the other
evening, otherwise known as Pattaya-Naklua Road. Just before Soi 18 (Wong Amat),
and next to the Central Minimart, is Haus Munchen, a friendly looking German
restaurant that has been there for only 12 months.
The
restaurant is in two sections. There is a covered garden setting area outside
and a more formal dining area at the rear with wood and upholstery chairs and
wooden tables. The waitresses were outfitted in blue and white uniforms, the
colours of Bavaria.
On the evening we visited, it was well patronised, generally
the sign of a good eatery. Newspapers are supplied, both German dailies, a
Bangkok daily and the best read on the Eastern Seaboard, the Pattaya Mail!
The menu opens with two “sets”. A soup, main and dessert
for 165 baht or a salad, soup, main and dessert for 205 baht. These specials are
changed daily - a great idea. Haus Munchen serves breakfast from 9.30 in the
morning and there is a choice of Continental, American or “Big German”
between 65-125 baht. Light meals are next - spaghetti, sausage, noodles and the
like starting around 70 baht through to 120 baht. Next up are the French
baguettes with schnitzel, ham and cheese, salami or smoked pork spread, 75-105
baht. Starters, generally salads (shrimp, tuna, ham, chicken etc) are 70-140
baht, while there is another dedicated salad section of the German styles from
45-130 baht for large plates with ham and cheese or chicken. Seven soups,
generally around 85 baht and then it is into the steaks. Pork, tenderloin and
fillet starting at 175 baht and the most expensive 240 baht.
There are also two menu items for couples - one with
different fillets in a champignon-cream sauce for 450 baht and a Chateaubriand
double fillet steak for 485 baht.
The amazing menu continues with ten choices of pan-fried
dishes, all around180 baht, and three fish dishes 170-240 baht. A 25 item Thai
menu follows with all the usual dishes items between 65-85 baht in general. This
is followed by a standard beverage menu with local beers around 60 baht, plus,
for the German market an Erdinger Weissbier. No Singha Gold, however. Spirits
and wines are also available by the glass.
By now, having thoroughly perused the menu, it was obvious
that Haus Munchen was priced very moderately. So how was the food? Madame chose
the bread-crumbed fish fillet with Remoulade sauce and potato salad, while I
went for the Parisian pepper steak in cognac cream with potato and mixed salad.
Madame judged her fish as excellent and the potato salad was piquant and very
tasty. The pepper steak was simply magnificent! No harsh sauce, but a subtle
flavour with the peppercorns that left a warm glow on the palate. One of the
best pepper steaks I have had in Pattaya - and that is saying something. And at
220 baht is the steak dish of the year!
As usual, I had no room for desserts, but Madame managed a
small helping of ice cream with mango. Licked clean! Apparently, the chef
changes the ice creams daily as well as the set specials.
The resident German chef was originally at the Holiday Inn in
Munich and certainly understands his native cuisine, while the Thai cooks are
apparently well known and respected locally for the Thai items. The Thais that
were eating there that evening confirmed that.
Haus Munchen is really one of those “sleepers” - a little place you have
not heard of but is presenting excellent food at very reasonable prices.
Comfortable and “homey” it will certainly gain a good following in the area
- and the pepper steak is worth travelling miles for!
Fitness Tips: Weight
Loss Checklist
by David
Garred
Club Manager Dusit Resort Sports Club
G’Day Pattaya, now there is a headline that gets your
attention, doesn’t it!
I hate to disappoint but this week’s article is about
ensuring that you are getting what you pay for when you sign on for a weight
loss program or buy a weight loss product.
If you are over the healthiest weight you can be, The
Weight Loss Checklist will help, but remember, healthy people come in many
different shapes and sizes. This Checklist comes to you courtesy of
Australia’s National Heart Foundation.
There are many weight loss programs and products on the
market. Many of these do not work and can sometimes be harmful. However,
this doesn’t mean that nothing works – it is possible to achieve a
healthy weight that is right for you, without going through quick-fix
solutions.
This checklist had been designed to help you become more
aware of the potential shortcomings of weight loss programs and products and
there are so many of them it is frightening.
The first section will give you the knowledge you need to
decide whether a program or product is safe and desirable. It is a good idea
to check out a range of approaches to weight management, and having
completed the checklist, compare responses. The section ‘If You’re
Using a Weight Management Program or Product’ provides you with
further guidance to help you manage your weight.
Remember that whatever approach you finally choose,
weight loss and weight maintenance are not simple and require life-long
changes.
When checking out a Program:
Weight loss programs vary in the range of services they
offer and the costs they charge. These questions will help you evaluate the
types of services being provided.
Ask:
1. Does the Consultant check your medical history to
ensure it is safe to begin a program?
2. Do staff running the program have qualifications in
nutrition, nursing or health sciences?
3. Does the program take an overall approach to weight
management?
It should:
* focus on improving health and well-being, rather than
simply weight loss;
* incorporate nutritional advise, enjoyable physical
activity, long-term and realistic lifestyle changes with achievable goals
that you can stick with and provide ongoing support;
* be flexible so that you can adapt it to suit your
lifestyle.
4. What is the program’s long-term success rate, for
example, after 12 months and longer?
* ask for written evidence.
Before Signing:
Make sure you fully understand the weight loss program
and / or contract you are signing, including time expected to achieve weight
loss, full costs, food plan and physical activity plan.
Don’t feel pressured to make a decision on the spot –
take some time to think it over and get a second opinion. Also check that
there is a five–day cooling off period in case you change your mind.
When checking out a product:
Weight loss products range from pills and powdered
formulas to body wraps and other devices. Many are marketed as proven cures
for being over weight, but we are not aware of any that offer a long-term
solution for the majority of people. Some weight loss products can also be
harmful.
Ask:
1. Is the product designed to work in combination with
enjoyable healthy eating and regular, moderate physical activity?
* No single product is a substitute for the benefits of a
healthy and enjoyable lifestyle.
2. What evidence is there to support the product’s
claims?
* Ideally there will be a sound scientific basis for the
product’s claims, not just anecdotal evidence. Studies should also have
been conducted to ensure that the product is safe.
Don’t you wish that it is as simple as this?
Unfortunately it is not. There is a whole bunch more of questions that you
should be asking.
Yep, I’m going to pass them along to you but I am
afraid that you will have to wait until next week.
Carpe’ Diem
Lotus Eaters:
The Lotus Eaters
by Mirin MacCarthy
Reincarnation - Real? Or just another flower in
the button hold?
For this new millennium with the growing interest in all
things New Age and a deepening awareness by many of the interconnectedness
of all life, “Lotus Eaters” is a column about Alternative Health,
Shamanism in Asia and abroad, as well as Monks, Magic and Mystery and
Comparative Asian Religions. The author Mirin MacCarthy is an Australian
expat photo-journalist, formerly a Registered Nurse, now Jomtien resident,
animal and bird lover and Reiki Master.
While reincarnation has been an accepted part of many
Eastern religions, including Buddhism on the local scene, it is only
recently that this concept has been accepted again on the Western shores.
However, it is a concept that has claimed many adherents, from many
different religions and belief bases.
Prior
to 553 AD, reincarnation was accepted by the Christian Church, but after
much “soul searching” the powers that be decided against the concept for
the followers. It being much easier to bring the believers into line with
“Hell” at one end of the tunnel if the good god-fearing life were not
followed. Having another crack at it just did not have the same leverage!
So are we just here in a mid-point in our earthly lives,
trying to attain that all-elusive state of grace so we can happily nick off
to Nirvana, or are we here and now and gone tomorrow? There are firm
adherents in both camps, and both sides will produce “evidence” to
bolster their cause.
The Asian reincarnation model is generally based on
children’s experiences. These include youngsters, who, when taken to
another village they have never been to before, saying that they have to see
their sons or daughters. They have gone unerringly to a house and greeted
adults by their correct names and introduced them as their “children”.
This is indeed scary stuff!
Still in the Asian arena, the Dali Lama is believed to be
a reincarnation of all the previous ones, and children born under the
auspicious sign are “tested” with items owned or used by the previous
incarnation of the Dali. The reincarnate being will pick the “correct”
items and the rest is history, until next time!
The American experience that produced the reincarnation
boom in the early ’50s was that of Bridey Murphy. In 1952, one Morey
Bernstein hypnotized a young woman called Virginia Tighe. She began speaking
in an Irish brogue and claimed that she was Bridey Murphy, a 19th century
woman from Cork, Ireland. Not only that, as Bridey Murphy under hypnosis,
she would sing Irish medleys and tell Irish tales. This surely could not
just be Blarney?
Bernstein cashed in on his find with a best selling book
called “The Search for Bridey Murphy”. Reincarnation was suddenly big
business in America. And the concept was popular. Suddenly there was an
extinguisher for the fires of hell!
However, there will always be skeptics. Reporters flocked
to Ireland to look for records of Bridey Murphy. They did not find one. What
they did find was the records of a Bridey Murphy Corkell who lived in the
house across the street from where Virginia Tighe grew up. What Virginia
reported while hypnotized were not memories of a previous life but memories
from her early childhood.
Despite this, the interest in the possibility of
reincarnation spawned some research into the subject and some serious
researchers began to turn up many interesting cases of children who spoke
about previous lives. Since 1961, detailed case histories, cited by many as
“evidence”, have been collected by the University of Virginia Health
Sciences Center in America. Their work appears to show that the prime ages
for children to tell of past life experiences are between two and five
years. The occurrences seem to become less and almost non existent after the
age of seven.
The young subjects of these cases have been found most
readily in certain parts of the world, such as South East Asia. They are,
however, also found in other areas of the world, and the Health Sciences
Center has studied many cases in Europe and North America. They have found
that the child’s statements have been shown to correspond accurately to
facts in the life and death of someone already deceased. Some of the
children have birthmarks or birth defects that correspond to wounds or other
marks on the deceased person. In many instances, this has been confirmed by
postmortem reports.
With the number of cases which have been investigated,
the researchers have found that the children make very similar statements
about the prior life. Common phrases are - “I have another mummy/daddy.”
“When I was big, I ...(used to have blue eyes/had a car, etc.).” “That
happened before I was in mummy’s tummy.” “I have a
wife/husband/children.” “I used to...(drive a truck/live in another
town, etc.)” “I died ... (in a car accident/after I fell, etc.)”
But of course, as with so many “research” reports,
the story gets better with the telling and retelling. Journalistic license
is not merely restricted to those who scribble for a living. More than one
scientist has been shown to bend a few details to bolster his or her own pet
theory!
Perhaps the best “proof” so far comes from the two
lovers who vowed that if either died, the remaining one would try to contact
the partner in the other world. Unfortunately, the young man died. True to
her word, his sweetheart tried to contact him in the spirit world.
At a seance, she called out, “John, this is Martha.”
A ghostly voice answered her, “Yes, Martha, this is John; I can hear
you.” Martha tearfully asked, “John, what’s it like where you are?”
“It’s beautiful. There are azure skies, a soft breeze, sunshine most of
the time.” “What do you do all day?” “Well, Martha, we are up before
sunrise, eat breakfast, then it’s sex until noon. After lunch, we nap
until two and then we have sex again until five. After dinner, we go at it
again until we fall asleep around 11 p.m.”
Martha was somewhat taken aback. “Is that what Heaven really is
like?” she asked. “Heaven? I’m not in Heaven, Martha.” “Then,
where are you?” “I’m a jack rabbit in Arizona!” was the reply!
Auto Mania:
Staying Dry Over Songkran!
by Dr. Iain Corness
Probably the best attitude to take over the national go
mad with water festival, otherwise known as “drown the farang” week,
is to put a roof over your head. What better way than to wind up your car
windows, lock the doors and go on an exploratory tour of Thailand with my
old mate, Captain Sitthichoke, the king of the jungle!
Sitthichoke
has organised what he calls the 1st Y2K Farang Caravan Tour. This does not
mean you drag a mobile home behind you - it just means you travel as a
group, and sleep in real hotels, not a humpy on wheels. This tour should
not be confused with competitive rallies or off-road marathons. The
concept is to produce an opportunity for the local ex-pat population to
explore the beauty of Thailand, with someone who knows the place
intimately. You can carry as many people as you like on the trip and all
types of vehicles are fine, provided they are road-worthy of course! If
your beat up old banger is struggling to make Bangers, then rent one from
Budget instead!.
The event commences in Bangkok on Wednesday the 12th of
April, with the first leg up to Chiang Mai. Day 2 is in and around Chiang
Mai with visits planned to Doi Inthanon, the highest peak in Thailand and
Doi Suthep, the famous temple. However, you can always stay in Chiang Mai
and play water games with the locals ... if you are into street swimming!
Day 3 and it’s an easy 200 clicks to Chiang Rai,
visiting Doi Tung (HM The Princess Mother’s summer palace and
development projects). 15th April and you are based at Chiang Rai with
trips to Mae Sai, the most northern part of Thailand and the Golden
Triangle. You can if you wish, go through to Burma to visit Tha Chi Lek
and visas can be purchased at the border.
Next day you will go to Lampang, the handicrafts centre
of Thailand, where you buy all the Xmas pressies for the folks back home!
The final day, 17th April is the easy trip back to
Bangkok.
Emma Chizzit? 7,500 baht per person on a twin share
basis. That makes it damn cheap in my book. It includes the accommodation,
5 dinners and 5 breakfasts. And you are escorted by someone who knows the
place (and speaks the lingo - yours and theirs)!
Give Captain Sitthichoke a ring on (038) 431 672 (phone
and fax) or 01-855 4858. Deposit has to be paid by 15th March, so do it
today!
Oz GP
With the industrial unrest in Australia, the State of
Victoria should perhaps be called the State of Strikes. This has hampered
much of the work to be done on the Albert Park circuit, so it is hoped that
the first Grand Prix of the year 2000 goes off with a hitch.
As all the teams have been developing their new cars (and
drivers) this will be the first time all 22 cars arrive together on a level
playing field. As they say in the motor racing game, “When the flag drops,
the bullshit stops”, though these days it’s more of a “When the lights
go green we’ll see who’s real mean” or something similar.
BAR look as if they will be a much stronger team this
year. The wooden spooners of last year have the new Honda engines and they
seem to be delivering enough poke to make the battle interesting. Up till
now, the McLaren Mercedes is definitely at the pointed end again, but I do
not think they have an inherent advantage at this stage like last year.
Schumacher Senior and Barichello are saying nice things about the new
Ferrari, so we’ll see if this year they have reliability and pace. Jordan
still looks to be the ones to take the battle to the Ferrari/McLaren duo as
I do not think Jaguar or Benetton have it together yet. Williams? I don’t
think they are well developed with the new power plant at all. The rest?
Forget ‘em!
Starting at the beginning!
Actually, I miss the dropped flag to start the events. I
used to watch the starter’s wrist like a hawk, because there was always a
small movement there a split second before the flag came down. One way to
get that advantage of the jack-rabbit start.
I have never stalled at the start, but I have had the
situation where the fire went out, 30 seconds before the start, and I
couldn’t get it to fire up. I waved my arm out the window to show that I
was in trouble, hoping the cars behind me would see that I was stalled on
the front row. However, my crew leaped over the barriers and pushed me to
the side of the track, a move that was against the rules as all crew must
not be on the grid after the 1 Minute signal. When the flag fell, the other
car beside me on the front row broke an axle and just sat there. If the crew
had not bent the rules and pushed me off, the entire front row of the grid
would have acted as a barrier for the cars behind. The Stewards did call me
up and told me to admonish my crew, but they too realised that by their
prompt action, the boys had averted a huge start line pile up.
Autotrivia Quiz
So why do we drive on the left (or are supposed to) and
have cars with the steering wheel on the right? Very simply, the first car
in Thailand was a gift from Queen Victoria to the Thai Royal Family and came
over in right hand drive. So after that the King said we should follow the
UK system. If the President of the United States had been the first to send
over a Ford or whatever, it would have been the other way around! Thanks
again Jack Levy for that one.
Since I have previously waxed lyrical about Jaguar,
let’s look at this classic marque this week. We all know that these cars
were just called SS’s when first released in 1932 and how after the war
the letters SS were dropped because of bad WWII memories. The first cars to
bear the “Jaguar” name were the 1.5 and 2.5 litre cars of 1936 and were
indeed known as SS Jaguars. Now there are those who will say that SS
actually stood for Standard Special, or Standard Swallow or Swallow Sports
or Swallow Sidecars. Sorry, the initials never officially stood for
anything! And anyway, is not the question for the quiz.
The question for this week is when did the Jaguar’s Big
Cat mascot come out, and who designed it? Here’s the only hint - Autocar
magazine! By the way, the Big Cat was killed in 1970, a victim of ridiculous
safety regulations. I’m sure that being hit by two tons of car would do
the same damage with or without the mascot!
For the Automania FREE beer for this week, be the first to fax 427 596 or
email [email protected]
with the correct answer. Lots of luck!
Down
The Iron Road:
An English Specialty- Slip Coach Working
by John D. Blyth
My picture this week is a reminder of an almost forgotten
feature of English railway operation-Slip-Coach working. Latterly used only
by the Great Western Railway and its post-war counterpart, it was a means of
providing a fast service from a main centre to, possibly, a number of
smaller stations, by ‘slipping’ up to four coaches from a fast train at
the approach to a station at which it would not call, the portion slipped
then usually being brought direct to a platform at which passengers could
alight. In the case of the photograph, the Slip portion has just been
detached from the back of a London to Birmingham train at Princes Risborough;
it will very shortly be attached to a local train thence to Banbury, giving
a fast service to seven more stations en route. The picture was taken in
1952, and ‘Slip-Coach working’ was then very much on the wane. At its
zenith, over 50 coaches or portions were slipped daily from Great Western
trains, and one famous train left London daily with no less than three
portions to be slipped at prescribed points on the way.
To understand how it worked we must understand first a
little about the continuous vacuum brake which was fitted to all Great
Western trains at the time - this was a brake under the control of the
driver, which operated on all the vehicles of a passenger train, and, should
the train for any reason split into two parts, would be applied
automatically to all vehicles on each part, bringing them quickly to a
stand.
The brake consists of a ‘train pipe’ all the way down
the train from the locomotive to the back of the last coach, stout hose
connections being provided, so that the whole is totally air-tight. On each
vehicle, and on the engine and the tender, brake cylinders are fitted, with
a vertically working piston and with the part below the piston connected to
the brake linkage, enabling the brake blocks, of cast iron steel, to press
hard against the wheel-rims, thus applying a braking force.
To release the brake, the drive operated an
‘ejector’, steam operated, which withdraws the air from the train pipe
and the brake cylinders, creating a partial vacuum in the whole system,
allowing each piston to fall to the bottom of its cylinders; a second
ejector, smaller, is used to maintain the vacuum while the train is running.
To apply the brake, the driver admits air to the train pipe, and
consequently to the bottom of the piston in each cylinder, forcing it to
rise and apply the brake through the linkage as described. It may be
admitted that with the increase in speeds and loads, few railways now use
the vacuum brake. A compressed-air brake, giving a stronger brake
application, is now preferred, also giving quick application and release. It
is more complex and expensive.
Now
let us apply all this to the Slip-Coach. The diagram shows to the left the
rear of the last coach of the main train, and to the right the front of the
Slip-Coach itself. In the front of the latter is a compartment for the
‘Slip-Guard’ to ride in; you can see the train pipe below the two
vehicles, and the hoses between them; you can also see the brake cylinder
under the Slip-Coach. You will also see a tall lever in the compartment, and
this is the key to the operation. If all is well, the Slip Guard will pull
this lever to its rearmost position; this will (i) allow the hinged hook of
the slip coupling to open, by withdrawing the locking bar that holds it in
position and (ii) will make a full brake application on all coaches in the
slip portion, ensuring that they are drawn well away from the back of the
main train which is continuing on its journey. Air does not enter the train
pipe on either portion due to special ‘self-sealing’ valves which close
at the moment of parting of the two portions. The Slip Guard can apply and
release the brake up to three times as his portion runs on to the stopping
point, using reserve vacuum carried in reservoirs carried under the slip
coach; these are charged when the train engine creates the vacuum for the
train before starting.
It is very simple and normally very reliable; it is
essential that the Slip Guard keep a good look out for the signals
approaching the slipping point, to ensure that the main train has a clear
run through the area; the key to this is the warning signal approaching the
signal box, called the ‘distant’ signal; the train will stop for the
rear portion to be detached. It all worked well and I did not ever hear of
an accident of any kind which could be blamed on the Slip-Coach system. But
in passing, I will tell that the one and only time I travelled on a slip
portion of a train, there was a fault and the slip portion failed to detach!
However, it was expensive; specially-equipped
Slip-Coaches; the employment of a Slip Guard, who was paid an eight-hour
shift for doing not very much more than to pull the lever once! Also special
arrangement had to be made to run Slip Coaches back to their starting point
and be shunted on to the rear of the coaches forming the next working.
Moreover, there was no way to attach coaches to a train running at speed, so
it was a one-way operation.
From the public point of view there was also the
disadvantage that as there was no corridor connection between the Slip-Coach
and the rest of the train, those in this slip portion had no access to the
restaurant car which was always a feature of British long-distance trains.
The diagram is taken from a remarkable document, the ‘Great Western
Railway General Appendix to the Rule Book’; the Rule Book itself fitted
easily into a pocket, but the General Appendix was more than 300 pages
closely printed, and mine, when issued, came with 63 sets of amendments
waiting to be cut out and glued into position.
Coins of the Realm:
Double Crown from Thailand
by Jan Olav
Amalid,
President House of the Golden Coin
Many mints around the world produce mint sets for
collectors. A set might consist of circulating coins packed in a special
holder. The coins can be in un-circulated condition, but nice specimens are
hand picked for the sets, or coins in proof condition.
2
ore coin of Norway. The obverse shows the monogram of the late King Olav of
Norway, and the reverse shows a wood grouse, the date and the demotion 2 ore
and Norge (Norway).
In 1960, the Royal Norwegian Mint started to make these
sets; the first year only 200 sets were made. But the demand turned out to
be bigger, so in 1961, 475 sets were produced. The demand got even greater
so in 1967 as many as 2,490 sets were sold.
One of the coins in the set was a 2 ore coin with the
face value of about 9 satang. In 1967 there were 11,993,000 pieces of this
coin produced, the highest amount since the coin was produced for the first
time in 1876. Since the Mint still had 2 ore coins from 1967 in their vault,
the Mint decided not to produce 2 ore coins for 1968. But when they started
putting the mint sets together they realized there was an empty space in the
set. To save money, by not having to buy new cases for the mint sets, it was
decided just to strike up the number of 2 ore coins needed for the mint
sets, 3,467 pieces.
Mint
set of Norway. If you have one from 1968 you’ve got a small fortune.
At that time the sets were sold as before, only for face
value, as a service for the collectors. Some collectors only needed one or
two of the coins in the set, broke the packaging and put the rest of the
coins into circulation.
Early in 1979 the Royal Norwegian Mint released the
figures of their minting production of 1968. Someone noticed the low minting
figure and thought it was a printing mistake for 3,467,000 and not 3,467.
Others checked with the Mint and the figure was
confirmed.
So in the spring of 1979 one of the largest papers in
Norway ran big headlines on the front-page: “2 ORE 1968 WORTH 50 KRONER”.
A little later a new headline, now the coin was worth 250 kroner, about
1,100 baht, and later someone even paid 8,500 kroner, about 38,000 baht, for
a set mainly because of the 2 ore coin.
Then a whole nation started checking their change.
Instead of watching television in the evening, the whole family would check
the date of 2 ore coins. They went to the bank and changed whatever they
could get of 2 ore coins and the newspapers wrote about the handful of lucky
ones that found one. To find one of these 2 ore coins was like winning the
big prize in the Thai lottery.
What was the consequence for the Mint? The demand for 2
ore coins grew bigger than ever, and both in 1971 and 1972 they had to
produce more than 15,000,000 of this bronze coin, which was hardly used for
circulation. The ones buying it were hoping the Mint would do the same
again.
And what was the consequence for coin collecting in Norway? About half
the nation became coin-collectors - and I became a coin-dealer.
Copyright 2000 Pattaya Mail Publishing Co.Ltd.
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Updated by Chinnaporn Sangwanlek, assisted by
Boonsiri Suansuk. |
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