Fill in the diagram using information from the text and additional one.

Choose the character and tell about the museum as if you were this character.

 

15. Project Work:

Choose one sight of London and tell about it in a form of a Power Point presentation.

 

16. Using the information from your group mates’ presentations and working in pairs play out the model situation – you and your friend are in London, but you have only one day for sightseeing. You should decide on places you will visit. You should come to any conclusion.

 

Remember useful phrases for discussion:

I would like to discuss

From the point of view of

Additionally

It has been pointed out that

I’d like to say

I think (suppose, guess, believe, dare say)

Personally I believe

In my opinion

As I see it

The way I see it

Well, my opinion is that

My view is that

There’s one more thing to be noted

Moreover

What’s more

In addition

On top of that

Talking of

You may be right, but all the same

If you ask me

I wouldn’t say that

Yes, but on the other hand

I don’t quite see what people find in

All things considered, I must say that

Generally speaking

It depends

 

Part 3 «LONDON AND FINANCE»

1. Working in a group prepare a list of the main functions of:

a) a stock Exchange

b) a bank

 

2. Read the text. Compare your lists and add more functions. You are going to work in the same group and read only one part of the text according to your topic:

 

LONDON AND FINANCE

London, the capital of the United Kingdom, is a political, cultural, commercial, industrial and financial centre of the country. At the same time London is one of the world's financial capitals. The business centre of London is the City, where numerous banks, various exchanges, insurance offices, shipping and other companies have their head offices.

At the heart of the City is the London Stock Exchange where millions of shares and securities are traded daily. There are also exchanges in several other cities of the United Kingdom but the London Stock Exchange is the most important. Here through the Exchange members the investor can buy or sell shares in any of the thousands of companies that are quoted on the Exchange and many more companies that are quoted on recognized exchange overseas. The London Stock Exchange offers the largest range and number of securities quoted in any Stock Exchange in the world. In volume of business it ranks third to New York and Tokyo.

London is also the headquarters of many prominent international banking and insurance concerns that deal in foreign shares, insurance and bonds and handle English investments in other countries.

The central feature of the government finance is the Bank of England, founded under a royal charter as a private company in 1694 to provide loans to the Government and nationalized in 1946 by Act of Parliament. The Bank of England is the country's national bank, it carries out government monetary policies and acts as the «banker's bank» for privately owned banks and other Commonwealth nations.

Most domestic banking operations of the United Kingdom are carried on by the commercial clearing banks. The main commercial banks are Lloyd Bank, Barclays Bank, Midland Bank and National Westminster Bank, often referred to as «the Big Four». Paper currency in circulation is issued by the Bank of England. The monetary unit is the pound sterling equal to 100 pence.

 

VOCABULARY

numerous various stock share securities trade to trade several Stock Exchange to invest … in … investor investment to quote to recognize overseas volume to rank prominent to deal in smth bond to handle private loan to provide smth. to smb. to nationalize to carry out to act to own to carry on clearing to issue to offer finance financial commercial insurance head office headquarter government monetary policies Commonwealth domestic operations currency monetary unit circulation

многочисленный различный акция акция, доля ценные бумаги торговля торговать несколько фондовая биржа помещать капитал в … вкладчик капиталовложения давать расценку, котироваться признавать заграница объем занимать какое-либо место выдающийся торговать облигация управлять частный заем обеспечивать, предоставлять национализировать проводить, осуществлять действовать владеть вести (дела) клиринг выпускать (печатать) предлагать финансы финансовый коммерческий страховка главный офис штаб-квартира государственная монетарная политика содружество внутренние (внутри страны) операции валюта денежная единица обращение (циркулирование, например денег)

EXERCISES

3. Match synonyms:

numerous	to print
various	stock
to trade	a lot of
share	abroad
overseas	different
to handle	to realize
to carry out	to rule, to control
to issue	to deal in
prominent	non-public
to offer	to have
to own	to do
private	famous
to act	to suggest

4. Fill in the gaps:

1. There are … banks, exchanges and firms in the City because it is a … centre of London.

2. Banks … … to … companies and the government.

3. They found a … company but later it was ….

4. Every country … its currency and has its own … unit.

5. Our company … third among prominent ….

6. Millions of … are traded daily on the … ….

7. The … of a well-known company Microsoft … … in the USA and ….

8. He decided to … money into ….

9. The City … … … financial and … centre.

10. The Bank of England … … government … policies.

 

5. Match the words to make collocations:

 

carry out issue currency clearing monetary company commercial handle provide invest exchange

private investments loans policy money stocks, securities bank research centre, bank paper currency unit

 

6. Guess and search the words:

1. one of the equal parts of a company that you can buy as a way of investing money;

2. the activities of buying and selling goods or services;

3. a number of people or things that is more than two or three, but not many;

4. money used in a way that may earn you more money, for example money used for buying shares in a company;

5. an amount of something;

6. important and well known;

7. a document given to someone who invests money in a government or company, promising to pay back the money with interest;

8. controlled or owned by individual people or companies, rather than by the government;

9. the process when a government takes control of a company and owns it;

10. a document that gives you the right to get money if something you own is damaged, lost, or stolen, or if you die or are ill or injured;

11. the place where a company or organization has its main offices;

12. the people who control a country, region, or town and make decisions about its laws and taxes;

13. money that is used in a particular country;

14. a group of countries that have the same political or economic interests.

7. Match the financial organization and its function:

 

Stock Exchange	Bank of England

 

· trades shares and securities

· issues currency

· deals with foreign investors

· handles English investments in other countries

· co-operates with dealers

· provides loans to people

· issues shares and securities

· the main institution for private banks

· invests money into country’s development

· carries out government monetary policies

 

8. Retell the text according to the plan:

a) The City is the financial centre

b) activities of London Stock Exchange

c) the Bank of England is the banker’s bank

d) «the Big Four»