Деловой английский. Ускоренный курс (стр. 15 )

There are ninety-two building societies in the UK.

These are wholesale banks.

2. Find answers in the text and read these sentences:

To what topic was the lecture devoted?

How many retail banks are there in Britain?

How many discount houses are there?

How many merchant banks are there?

How many other British banks are there?

What foreign banks are located in the UK?

How many building societies are there in Britain?

2. Translate into Russian:

• banking	• merchant banks
banking sector	overseas banks
retail banks	building societies
discount houses	clearing system
to discount bills	acquisition
private customer	consulting services
corporate customer	branch
corporate sector	subsidiary
merger	mortgage
take-over	mortgage loan

4. Match terms and definitions:

retail banks	banks extending mortgage loans, taking in deposits and providing other banking services
discount houses	banks serving private customers
merchant banks	banks serving private and corporate customers with big money
building societies	banks discounting bills of exchange

plete as in the text:

There are a few types of foreign banks based in Britain. They are American, Japanese and other overseas banks.

American banks...

Japanese banks...

Overseas banks...

6. Insert articles:

... next day... session was devoted to ... United Kingdom Banking Sector. Here is... short summary of... lecture.

... UK Banking Sector comprises retail banks, discount houses, merchant banks, foreign banks, building societies and other banks.

7. Insert prepositions:

Retail banks render numerous services... private customers and have extensive branch networks... the UK. They participate directly... the UK clearing system.

Merchant banks are wholesale banks. They handle big money... private and corporate customers. They are engaged... mergers, take­overs and acquisitions.

plete the sentences:

Discount houses are mostly engaged in discounting...

American banks comprise the branches...

Japanese banks comprise...

In the past British building societies mostly extended mortgage... but nowadays they also... as banks.

9. Underline the verbs and translate the sentences into Russian:

Other British banks comprise all other banking institutions regis­tered in the UK and banks in a few islands. They are controlled by UK companies or individuals. Overseas banks are foreign banks ex­cluding (исключая) American and Japanese banks. They comprise the branches and subsidiaries of those banks and Consortium banks too. All these banks are owned by other financial institutions. One of the owners of every bank must be based overseas.

10. Role play:

Imagine you are the lecturer. Speak on the types of banks in Great Britain.

11. Agree or disagree:

Types of banks in Russia are similar to those in Great Britain.

12. Say what you know about commercial banks in Russia.

Unit twenty one

The Bank of England

Text

After the session on Banking Sector Mr. Hill suggested that in the afternoon the participants should visit the museum of the Bank of England. It was one of the external visits of the Programme.

The museum of the Bank of England is located practically in the building of the Bank, in the City of London. The museum has a lot of exhibits showing the history of the Bank from its foundation in 1694 to its role today as the nation's central bank. Visitors can also see a video on the history of the Bank.

Here is a part of the text of the video:

To understand the role and importance of the Bank better we should learn first how it emerged.

During the seventeenth century banking in England was in the hands of goldsmiths who held deposits, made loans to the mer­chants and the Crown. But even the wealthiest goldsmiths could not carry on a deposit and lending business on the scale the Govern­ment required.

So in sixteen ninety four a joint stock company to raise money for the Government and finance wars was incorporated. It later got to be known under the title "Bank of England".

Although privately owned and financed, the Bank of England de­veloped essentially as a government bank, raising money to finance the needs of the British Government, managing its national debt, printing banknotes and minting coins.

In 1946 the Bank was nationalized and it operates today as the UK's central bank executing monetary policy on behalf of the Government and supervising the markets in one of the world's larg­est and most sophisticated centres.

Besides the Bank has always been a repository of gold...

After seeing the video the participants of the Programme made a round of the museum and asked Mr. Hill a few questions.

Participant: Excuse me, Mr. Hill. May I ask you a question?

Mr. Hill: Why, certainly.

Participant: One day I heard the nickname of the Bank. Old Lady. Such a funny name! Where does it come from?

Mr. Hill: Nobody knows exactly. Different explanations are given. Many of us associate this nickname with an old cartoon. This cartoon shows the Prime Minister asking an old lady sitting on the money-chest marked "Bank of England" for gold coins.

Participant: So, that's it! Very fascinating indeed!

Words and expressions

to suggest	[s@'³est]	предлагать
He suggests that they should visit the museum		Он предложил им посе­тить музей.
afternoon		вторая половина дня (после 1200)
in the afternoon		днем
to be located		находиться, размещаться
the City (of London)		Сити
lot		партия
a lot of...		много
exhibit	[Ig'zIbIt]	экспонат
to show (showed, shown)		показывать
foundation		основание
sixteen ninety four		1694 г.
nation		нация, народ
central		центральный
visitor		посетитель
importance		важность
to emerge	[I'mý³]	появляться, возникать
century		век
the seventeenth century		семнадцатый век
goldsmith		ювелир
to hold (held, held)		держать, сдерживать
to hold deposits		держать депозиты
to make (made, made) loans to somebody		предоставлять кредиты кому-либо
crown		корона
the Crown		английская корона, знак качества
wealth	[welT]	богатство
wealthy		богатый
wealthiest		самый богатый
to carry on		вести, проводить
to carry on business		вести дела
to carry on a deposit business		заниматься депозитами
to carry on «i lending business		заниматься кредитованием
scale		масштаб
on the scale		в масштабе, в объеме
on the scale the Govern­ment		в объеме, установленном правительством
required	[rI'kwaI@d]	требуемый
joint stock company		акционерное общество
to raise money		собирать деньги, изыски­вать средства
war	[wþ]	война
to incorporate	[In'kþp@reIt]	регистрировать
The company was incor­porated in 1694		Компания была основана в 1694 г.
It got to be known-		Это стало известно
title		заголовок
under the title		под заголовком, как
although	[þl'Dou]	хотя
essentially		существенно
to manage		управлять, руководить
debt	[det]	долг
to manage debts		управлять долгами
to print		печатать
banknote		банкнота
to mint coins		чеканить монеты
to execute a policy		проводить политику
on behalf of somebody	[bI'h¸f]	от имени кого-либо
to supervise something/ somebody		руководить чем-либо/кем-либо
large		большой
market		рынок
largest		самый большой
sophisticated	[s@'fIstIkeItId]	изощренный, замыслова­тый
the most sophisticated martket		самый богатый рынок
repository of gold		хранилище золота
to make a round of...		совершать обход по
nickname		прозвище
old		старый
funny		смешной
explanation		объяснение
to associate		ассоциировать
cartoon	[k¸'tün]	карикатура
prime minister		премьер-министр
money-chest		сундук с деньгами
fascinating	['f{sIneItIÎ]	прекрасный, очарователь­ный, зачаровывающий

Exercises

1. Read the following:

• the Bank of England the nation's central bank	• in the City of London one of the external visits
the museum of the Bank	on behalf of the Government
the history of the Bank	the session
the building of the Bank	the programme
	the markets
	the nickname

He suggested that the participants should go to the museum of the Bank.

2. Underline the answers true to the text:

• When did Mr. Hill suggest that the group should visit the museum of the Bank of England?	Before the session on Banking Sector. After the session on Banking Sector Diring the session on Banking Sector
• Was this visit on the Programme?	Yes, it was No, it wasn't It isn't quite clear
• Where is the museum of the Bank of England located?	In the very centre of the Bank of England. Rather far from the Bank of England. Practically in the building of the Bank of England.
• When was the Bank founded?	In 1694. In 1794. In 1894.

• What video can visitors see at the museum of the Bank of England?	On the history of the City. On the history of London. On the history of the Bank.
• What original material does the Unit quote?	The video. The audio recording. The lecture of Mr. Hill.
• What did the participants do then?	They asked the lecturer a few questions. They asked Mr. Hill a few questions. They asked the Group Leader a few questions.

3. Underline the verbs and translate the sentences into Russian: