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Шевелева С.А. Деловой английский. Ускоренный курс. Шевелева С. А. Ш37 Деловой английский. Ускоренный курс Учебник


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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'est]

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

['zbt]

экспонат

to show (showed, shown)




показывать

foundation




основание

sixteen ninety four




1694 г.

nation




нация, народ

central




центральный

visitor




посетитель

importance




важность

to emerge

['m]

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

[wel]

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

[r'kwad]

требуемый

joint stock company




акционерное общество

to raise money




собирать деньги, изыски­вать средства

war

[w]

война

to incorporate

[n'kpret]

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

[l'ou]

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

[b'hf]

от имени кого-либо

to supervise something/ somebody



руководить чем-либо/кем-либо

large




большой

market




рынок

largest




самый большой

sophisticated

[s'fstketd]

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'tn]

карикатура

prime minister




премьер-министр

money-chest




сундук с деньгами

fascinating

['fsnet]

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:

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

In 1694 a joint stock company to laise money for the Govern­ment and finance wars was incorporated.

This Bank is privately owned and financed.

It raises money to finance the needs of the British Government.

It manages the national debt.

It prints banknotes and mints coins.

In 1946 the Bank was nationalized.

It operates today as the UK's central bank.

It executes monetary policy on behalf of the Government.

It supervises the markets in London.

Besides it has always been a repository of gold.

4. Sum up what the film said about the history of the Bank of England.

5. Complete the dialogue:

— Excuse me, Mr. Hill, may I ask you.

— Why, ...

— One day ... Old Lady ... funny. Where ... from?

— Nobody ... Different ... are given. Many of us ... nickname ... old cartoon. This cartoon shows ... marked ... for gold coins.

— So, that's it! ... fascinating ...

6. Repeat where the nickname of the Bank conies from.

7. Make sentences:

• Example

Mr. Hill suggested that the participants should visit the museum of the Bank of England.

see the video film

make a round of the museum

make one of the external visits


8. Make complete dialogues:

• Example

  • stare — государственный

— Excuse me, may I ask you a question?

— Why, certainly.

— Where does the nickname of the Bank come from?


Is the Bank a joint stock company now?

Is it a private company now?

Is it a state owned bank?

Is it nationalized?

When was it nationalized?

9. Role play:

Imagine you are an English lecturer. Read a short lecture on the history of the Bank of England.

10. Say what you know about the Central Bank of Russia.
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