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Family Money: Putting
Risk in Perspective
By Leslie
Wright
Accepting that all types of investment carry a certain
amount of risk is a necessary step before making any investment, in my
view.
Evaluating the level of risk you’re willing to accept
is another matter. So is being objective about the degree of risk you
should be taking on given your particular circumstances, as opposed to
what you are willing to accept.
Many people I meet professionally fail to understand
this last point, even if they understand the first two (which many
don’t). So let me explain.
While most people know that investing in stocks &
shares can put your capital at risk if you make the wrong guess, even a
bank account carries several levels of risk.
First, the currency exchange rate may change
dramatically (remember 1997-98?), which means that when you transfer money
from one currency to another you get either more or less than you used to.
This can be advantageous going one way and disadvantageous going the
other.
Second, the interest rate on your deposits can change
dramatically - as local depositors have discovered the hard way over the
past couple of years. Three years ago Thai baht deposits were paying
roughly 5 times what could be gained from US dollar deposits; now
they’re earning less than ‘hard currency’ deposits in the
international market.
Third, the bank could fold, and your money could then
be tied up for years or disappear altogether.
Bonds
Government bonds - both from major markets such as the
US & UK and emerging markets such as Thailand - are generally regarded
as lower risk investments than equities, on the assumption that the
government will honour the debt that the bonds represent, which they
generally do.
However, in a climate of rising interest rates, bonds
tend to be regarded as less enticing investments as the difference between
the bank rate and bond yield narrows.
Stocks
Investing in well-chosen equities produces good returns
over the longer term, but they can be quite volatile in the short term.
Thus investing in stocks can put your capital at risk if your choice goes
down - which it can do quite suddenly if negative news causes a change in
sentiment, even though the fundamentals of the company are sound. (This
was evident recently when Proctor & Gamble’s blue-chip stock plunged
dramatically on a weaker-than-expected earnings’ forecast.)
The narrower your selection, the greater the risk. A
few ‘blue chips’ in your home market will make your portfolio more
volatile than spreading the risk through several markets. But these have
to be wisely chosen, based on what is likely to happen over the coming
period, not what happened in the past.
When a market has gone ballistic, shrewd investors bale
out and seek opportunities elsewhere, leaving the latecomers who bought in
near the top to hold the bag as the inevitable correction on overpriced
stocks sweeps them down the slope to the vale of tears at the bottom -
which is where the shrewd boys buy back in as the losers sell out in
panic.
What risk?
So what amount of risk should a particular investor be
taking on? Well, this depends on his circumstances and what he wants to
achieve.
If he wants to build a nest-egg from excess income
while he’s still working, he can afford to take on a higher degree of
risk than if he’s about to retire and needs to conserve his capital.
If a retiree has sufficient capital to last him the
rest of his life even after taking inflation into account, he should
probably be taking on hardly any risk at all.
Someone aged 60 with $100,000 capital whose lifestyle
requires $20,000 a year may be willing to take on the higher degree of
risk required to try to produce a 20% return on his capital - and in the
good times he may well be able to achieve this rate of growth if he
invests shrewdly (or luckily). But come the downturn, and his exposure to
risk may cause his capital to shrink quite suddenly.
Say he suffers a loss of 20% of his capital: to gain
his “required” $20,000 a year from $80,000 capital means he would have
to achieve 25% growth. This may be possible with some higher risk
investments (or if the markets are kind or our investor is lucky), but
accompanied by a similar chance of losing an additional chunk of
capital... That is what risk is all about.
Alternatively, taking on a more realistic amount of
risk will almost certainly produce a lesser return, meaning our investor
will have to eat into his capital. This will result in less capital each
year having to produce more income just to stay afloat. The tendency to
take on undue risk to combat this is tempting, but should be avoided.
It is a paradox that a millionaire who could afford to
lose $20,000 without really feeling it will generally accept a lower
degree of risk than an investor with more modest amounts of capital, who
“needs” to achieve a higher rate of growth to produce an adequate
income from his limited capital, which in fact he cannot afford to put at
risk. The degree of risk our investor with more modest means is willing to
accept is often inappropriate to his circumstances, and could be hazardous
to his financial health.
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 Hugh Smirles, Chonburi: I am writing to you as
I think I may be being ‘taken for a ride’ by a repair shop in Pantip
Plaza. I am a great tinkerer by nature and enjoy changing things around in
my PC, adding and removing pieces of hardware, etc. I have done this for
as long as I have owned a computer, albeit in England. I have continued to
do the same thing since moving to Thailand, and I really don’t see the
difference. Because I am always in and out, I rarely close the case,
it’s just more convenient. All was going well until I returned home from
a weekend break and switched on, well actually I tried to switch on but
nothing happened. Although I am a tinkerer, I am not an expert so I took
it to Pantip Plaza for them to check. They have told me that the
motherboard has to be replaced as it has shorted out probably as a result
of some insect damage; I find this somewhat hard to believe, what do you
think?
Computer Doctor replies: As unbelievable as it may
seem, this is a problem that comes up fairly frequently in Thailand. The
culprit is normally a Gecko; they seem to like the warmth. The damage is
usually as a result of them urinating rather than from their bodies. In
any event, since you admit you have not closed your case, it is probable
that indeed your motherboard has sustained some physical damage. It is
also worth mentioning that as well as keeping the case closed, if you
remove a card and don’t replace it with another, the hole should be
closed with a blanking plate.
From Brian North, Dunstable: My wife is Thai and we
have a Thai keyboard and presently have the Thai/English version of
Windows 98 installed. The PC has become very slow recently and hangs quite
frequently, probably as a result of the large number of programs that have
been installed then uninstalled. I usually find I have to do a reinstall
about once a year and being retired it gives me something to do. I have
been itching to try Windows 2000 and would like to try this on my system,
which is a Tiny, Pentium III with 128Mb RAM. So I certainly have adequate
specification, my only concern is that my wife will not be able to type or
read Thai and it will no doubt be a long time before Microsoft launches a
Thai/English version. Do you think I should install Windows 2000 or stick
with Windows 98? I know you have written a couple of articles on Windows
2000 which I have read but I do not think I will have any problems with my
hardware or the major programs that I use.
Computer Doctor replies: The installation routine
of Windows 2000 includes a compatibility test, which will test if your
hardware and software and report any likely problems. Take note of what it
says and remedy what you can before proceeding.
With regards to your wife being able to read and type
Thai, this is possible with Windows 2000 English version; not only is Thai
supported but many other languages, too, which hitherto required separate
language versions. The only thing is that the help is only available in
English and the menus don’t switch. But at 800Mb plus for a full
installation you would expect it to be fairly comprehensive in its
coverage.
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: Hans-Jürgen
Lohr
by Mirin MacCarthy
The driving force behind Lohr Trading and Consulting is
long time Thailand resident Hans-Jürgen Lohr. It is a very
successful company, one whose work has received awards from the United
Nations and the Thai Government, but Hans-Jürgen Lohr never came
here to work. He came to Thailand to retire.
Born in central Germany in Kassel, Hans-Jürgen
was an only child, son of a waiter. His father died when Hans-Jürgen
was only nine years old, and his mother, a resolute person, raised her
only son. (Mother, by the way, is now 90 years old and is coming out for a
visit this year!)
After the compulsory 12 years of schooling,
Hans-Jürgen went to Business School for another 3 years and then
became a public servant, a position he held until he was 40 years of age.
During that time he married and had two children, a son and a daughter.
While still working as a public servant in Germany, he
had visited Thailand, both for his work and on vacation and had liked the
country and the lifestyle. Hans-Jürgen also had a plan, “When I
have enough money, I stop work.”
That plan came to fruition in March 1987 and
Hans-Jürgen left his native Germany to come to Thailand to live the
life of the retiree. He laughed when recalling those days, “I do not
like snow and ice,” he said.
He invested some of his money in houses, a move which
was eventually to become one of the catalysts in his returning to work,
even though he did not know it at the time. The other major factor was the
Immigration Department. By 1993 he had completely settled, had remarried
and applied for his one year visa - but the rules had changed! He was too
young to get a 12 month visa as a retiree, so he was informed he would
either have to go to work, or go back to 3 month visa runs.
This was not what Hans-Jürgen wanted to hear,
but since he was having trouble with leaking roofs in his houses, he
decided to start a business doing roof sealing and insulation. “The
water was always coming into my home and I remembered this system in
Germany, so I investigated, got a machine from the US and the chemicals
from Germany and began the company in 1994.”
While Hans-Jürgen is proud of the fact that his
company has been busy since day one, it did go through some teething
technical problems too. “Our first job was a textile factory and we
should have finished in two days, but the job took us six weeks!” This
was compounded by the fact that they began advertising the company before
the equipment was delivered. “The machine took eight weeks to arrive and
we had too many orders already.”
So the man who came here to retire found that he had
built a very successful business, so much so that he brought his German
son Karl into the company and began to then try and take steps backwards
towards the retirement he had worked so hard to achieve.
“So I retired again for the second time. I only go to
work for 30 minutes in the morning and 15 minutes in the evening.” Was
this the idyllic state that Hans-Jürgen Lohr wanted? Unfortunately
no. Hans-Jürgen’s wife works all day and his new son, Hans, aged
five and a half is at school all day. “Now I have too much time,” he
said.
So what did our second time retiree do? He is
negotiating to take over 66% of a plastics company on the Eastern
Seaboard. He explains this with a shrug of the shoulders and the
statement, “I have to do something.”
When the retired Hans-Jürgen is not working, he
enjoys reading and watches the German news on TV. He also does some
swimming and is an active member of the Jomtien Pattaya Rotary Club, where
he is the Vocational Service Director. Once a year he takes time to return
to Germany for a holiday. “I go for ten days, which is twelve days too
much!”
As someone who has made it in Thailand, his advice to
those who would emulate this is basically to follow the steps that he
himself followed. “Stay two to three years and do not work. Look at the
market and stay away from tourist businesses, they are too seasonal.”
Hans-Jürgen Lohr has certainly worked hard to
get where he is today - in the country he came to retire in if it were not
for leaky roofs and the Immigration laws!
Life Force: Where
you born in a different era?
by Tracy Murdoch
Have you ever thought you were born in a different era?
I definitely was! Over here in the North West of England I am considered
somewhat bizarre and not just because I’m Scottish. I’m not quite 30
years old and most of my peers are either having great fun finding life
relationship number 2 or 3, feeling miserable because life relationship
number 1 is fading fast, or feeling utterly neurotic because they just
‘don’t know where the are going’ with their life.
Now I know exactly where I’m going (well I’ll tell
myself I do). I have the finest educated palate for a decent cup of tea
and a well textured scone. A great ‘yap’ (conversation) is paramount
to having a good day. This sounds like the average retired person yes?! It
was to my utter delight to see a favourite of mine featured in the Pattaya
Mail. Ed Stewart, Radio 2 Disc Jockey has been jaunting off to Pattaya
to play golf! Now here in England as you listen to Radio 2 you have to be
at least middle aged but I really like it, especially first thing in the
morning.
Terry Wogan, Radio 2 supremo, is one of my heroes. I
wake up to him every morning; in fact it is sometimes difficult to get up
for work because he make me laugh so much. He currently has a fun feature
where listeners are calling, e-mailing him, etc., to tell him who they
would most like to slap today! Obviously this where my similarity with a
serene retired person ends. I wonder what my mother would think of me
having a pensioner as my ideal man! If Terry ever accompanies Ed for a
golf trip, let me know will you?
Snap Shots: How
to photograph Pamplona!
by Harry Flashman
One of the greatest names in photography, and also one
of the founders of the Magnum Agency, is Henri Cartier-Bresson. It was
Cartier-Bresson who coined the tern “the decisive moment” when taking
a shot. He and Lartigue were masters of capturing that momentary instant
in time. How many times have you looked at one of your shots and said,
“Pity I missed the chap who fell in the water that split second later”
or similar. But I digress.
Pamplona
- “the decisive moment”.
Our Henri had many other words of wisdom and Harry’s
favourite is “It’s terrific to photograph Pamplona, but it’s better
when the bulls are running.” What a wonderful way to say “Be
prepared” when you go on a photo shoot, or even just go anywhere!
You see, we have all been to wonderful places all over
the world and pulled out our faithful camera and taken Aunt Maude standing
in front of the Eiffel Tower. Great shot of Maude. Lousy shot of Paris!
Thailand is such a wonderful country for the
photographer - much better than Pamplona. The colourful images you can put
together here are incredible. However, it does need a little homework
before you start blazing away. As Henri pointed out - what time of year do
they let the bulls run through Pamplona?
Next time you are going to sight-see in some other part
of this country, you should do a little research first. It would certainly
be annoying to go to Nakhon Nowhere for a day and find out when you got
back, that the world’s largest Dung Beetle lived there and it comes out
once a year and you didn’t know! So you didn’t get that picture. A
picture you might even have been able to sell to international magazines.
Don’t laugh, our local numismatist Jan Olav Aamlid sold his pictures of
the Norwegian BASE jumpers leaping off Pattaya Park Tower and received
many thousands of baht for having researched his subject properly. Jan
Olav is the first to admit he is not a “professional” photographer -
but he’s certainly been paid for his efforts.
So what should you do before you go on that next trip?
Research! Researching anywhere is not too difficult. Books, the internet,
the tourism agencies, asking people who have been there or came from
there. It takes a little while, but in the end it is worth it.
What you then do is produce a list of likely subjects,
or “hits” that you are going to look for in this place. For example,
let’s think about Sri Racha, right next door. A little digging will come
up with the fact that Sri Racha has a Tiger Zoo, makes a special fish
sauce, has a turtle farm out on the end of the pier, has inexpensive
hotels on stilts on the edge of the seafront and has strange Samlors with
motorcycle fronts and car engines.
When you think about it, that’s a lot of ground to
cover photographically. But that’s what this research and lists are all
about - making you think. Making you think about how you might show the
making of the Sri Racha fish sauce. At that point, you have become a
photographer! You are looking at ways to depict an event, or a place or a
certain subject. You have now realised that good photographs do not just
“happen”, they are made. And you are going to make it.
So next time you are heading off and intend to take the
camera, a little research will return you some much better shots and make
your photography much more satisfying. Who knows, you could even sell a
couple and pay for the entire trip. Jan Olav made enough to fly to Norway
and watch them jump again. Makes you think, doesn’t it?
By the way, they run the bulls in Pamplona during the
annual festival of San Fermin, 6-14 July, which commemorates the martyrdom
of a local 3rd-century saint. Book your tickets now!
Modern Medicine: The
Eleven Minute Cigarette
by Dr Iain Corness
According to a scientific report in the British Medical
Journal, I have lost four and a half years from my life. I am not too
pleased about this, I can assure you. I enjoy life too much to want to
lose four and a half years worth of it!
The researchers have stated that for every cigarette
you smoke, you lose 11 minutes from your life. Now that is a startling
figure when you think about it.
In my own case, I began smoking as an undergraduate, in
the good old days before we knew there were any dangers associated with
smoking the weed. And that’s not an excuse either, I know. I smoked for
20 years, by which time, the evidence was insurmountable and I knew I had
to give up. That fateful day was July 4th, 1981 (not that I’m counting)!
Looking back, I suppose that a realistic average was 30
cigarettes a day, so for me the calculation went as follows - 30 x 365 =
10,950 cigarettes a year. Now multiply that by 20 years and you get
219,000 cigarettes. Multiplied by 11 minutes per fag and you have
2,409,000 minutes. Divide by 60 to get hours, then by 24 to get days and
then by 365 to get years and you come up with four and a half. A number
which still annoys me, even as I write this.
Imagine if I had still been smoking today? It would be
9 years lost from my allotted life span. I could even be dead already!
What a terrible thought!
The researchers were also down to earth enough to
suggest what you could do with all the extra time you get by not lighting
up that next cigarette. The 11 minutes for the next cigarette could be
better used by telephoning a friend. Not smoking a 20 pack of cigarettes
saves 3 hours 40 minutes which could be used to watch a long movie or two
football matches, while not smoking the next carton of 200 gives you one
and a half days to fly around the world! With the price of cigarettes in
many overseas countries, you’d probably save enough for the plane fare
as well.
So why do some of us still smoke? To appear
sophisticated? I don’t think so. Ever watched someone smoking? Certainly
doesn’t look too sophist to me. No, the simple answer is that it is an
addiction. Worse than heroin, the researchers say again. It is very hard
to get off, so rather than admit to addiction, we invent little excuses
like, “It relaxes me” which it actually doesn’t. Anything that can
increase your blood pressure by ten points and your pulse rate by twenty
points is certainly not “relaxing” things.
It is not easy to give up, but if you’re looking for
a reason, just think about the next 11 minutes you are going to lose. It
might just help you with the resolve. I do not regret my decision taken in
1981, even though I went through hell with withdrawals. It’s comforting
to know the next 11 minutes are mine, not the Tobacco Monopoly’s!
Dear
Hillary,
The other night I got drunk with a couple of mates and
got a tattoo done on my arm. I reckon this wasn’t too smart and I’m
afraid of the HIV thing. When can I check to see if I’ve got it and is
it dangerous?
Tattoo Tim
Dear Tim,
Unsterilized needles can certainly transmit AIDS so you
are wise to check. You can check for HIV (AIDS) at the hospital today.
However, it will take three months before HIV shows up in the blood test.
Do not spend the next three months panicking, just don’t do anything
else with an HIV risk in the meantime! Next time get a temporary tattoo,
they’re much safer!
Dear Hillary,
Since coming to Pattaya I notice that there are foot
massage places springing up everywhere. As I am getting older, my question
is: does foot massage actually work?
Footsie
Dear Footsie,
Of course it works, but it all depends on what you mean
by “work”. It works for the proprietors and educates their children.
It works for the masseuses and feeds their families. Will it rejuvenate
your sex life and give you children? Well it’s cheaper than Viagra, but
not as instantaneous!
Dear Hillary,
All the security guards round Pattaya seem to be armed
to the teeth with night sticks, truncheons and handcuffs. Is this really
necessary and do they have a licence to use them? I’d be interested to
know.
Old Bill
Dear Old Bill,
Licence? What’s a licence? This is Pattaya. You want
a licence, you make it yourself! Jokes aside, let’s put it this way,
Bill. Does the felon have a licence to break and enter? Be thankful your
security guard has the equipment to protect you and yours and don’t
worry about licences.
Dear Hillary,
I think I’ve done something really stupid. I read a
week ago that you said not to give money to the girls round here. I loaned
ten thousand baht to one lady I know who said she would pay it back within
three weeks. It’s a month now and I haven’t seen her or heard from
her, and her friends say she has gone up country. Do you think I’ve lost
the money? What should I do now?
Foolhardy
Dear Foolhardy,
You haven’t “lost” your money. You know perfectly
well where it is. It’s with some girl up country, you silly fellow. You
gave it away, that’s what you did with it. Mind you, I didn’t say you
shouldn’t give your money away, I said you shouldn’t lend it.
There’s a big difference. Yes, Hillary doesn’t think you’ll see that
money again (or the girl). Next time give it to Hillary for “safe”
keeping. At least you’ll know I’m enjoying it. In the meantime, what
you should do is to get one of those T-shirts that says, “I spent all my
money on women and booze. The rest I wasted.” It fits. Hope the shirt
does too.
Dear Hillary,
I am coming to Pattaya later this year and wondered if
you could recommend some cheap digs for a couple of weeks? Close to the
beach and not too far from the night spots. I want to spend about five
pounds a night. Is this possible?
Tim
Dear Tim,
Of course it’s possible. Everything’s possible in
Pattaya! At current rate of exchange your five pound note is worth around
300 baht. You will get accommodation for that. It won’t be all that
luxurious, but it will be clean and serviceable. Since you found me by
email, you could try www.pattaya-info.com for some listings.
Dear Hillary,
... Hillary received a very vitriolic letter the other
day, with the writer complaining about treatment he felt he had received
from a previous employer. Sorry but Hillary is not printing this letter,
written by a young man using the nom de plume “Injusticed”, but
there is a reply.
Dear “Injusticed”,
You must remember that Hillary is a column of advice to
those with problems, mainly of the love-lorn variety. Hillary is not a
forum for you to personally attack people in this community, no matter how
much “provocation” you feel you have had. Personal denigration is what
you have accused the other party of carrying out, and you are just as
guilty in your letter. My advice is to accept the past as just another
chapter in your life and get on with living. That’s today and planning
for tomorrow. Harbouring resentment does nobody any good. Leastways you!
Dear Hillary,
This morning I saw a policeman in uniform eating at a
roadside stall. There in front of him was an open can of beer. Do you
think this is right? Should I report this man if I see him again? I would
appreciate your advice.
Singha
Dear Singha,
Mind your own business! I presume you are a visitor
here. In your society, there’s an old saying that goes, “Don’t buck
City Hall”. Here, you can safely add in the Police Department. Anyway,
who said he was on duty? Did you actually see him drink from it? It might
have been left, or being kept as evidence. You know how hot it has been
recently and he was probably thirsty.
GRAPEVINE
Joint motoring
A resident Brit, who had finally tired of
the astonishing delights of Pattaya, explained to his live-in
girlfriend that he had decided to go back to live in Nottingham in
Middle England. She was somewhat shocked by this news having
previously understood that the cold, boring city of Robin Hood was the
main reason why he had come to reside in Sin City in the first place.
But, then again, farangs are very difficult to understand. To his
credit, the Brit made his lady a generous settlement of 100,000 baht
as a farewell gesture. He asked only one thing, as a mark of good
faith, that she find him a buyer for his Suzuki jeep at a knock down
rate of 30,000 baht. She replied that there was No Problem.
Fortunately, her brother was Most Interested to assume responsibility
for the motor at this knockdown price. On the very day of his
departure, the Nottingham bound farang received a phone call from the
brother who told him there was no need for any monetary transaction
because the jeep had brought precisely 30,000 baht at auction. This
money had been used most sensibly to pay for the hip replacement of
his grandmother. Enjoy your flight.
Court’s a drag
Yet another disaster prone farang has been
prosecuted for visa overstay. Bankrupt backpacker and tuneless
harmonica player Jason Bull, 26, who claimed to have dropped out of
adult literacy classes in Liverpool because he could not find the
right classroom, told undercover police he had visited the immigration
office to extend his visa several times but it was always closed. He
seemed surprised when told the bureau is not open to the public in the
middle of the night. Jason was marched off to court and sentenced to
one month behind bars as he could not pay the 3,000 baht standard
fine. As the proceedings were in Thai, Jason became bored in the dock
and took out his tobacco and matches for some light relief. The whole
court erupted in shocked anger at this breach of etiquette. “Stop,
you must not smoke cigarette in the court,” he was told by a
Department of Corrections official. “That’s OK,” responded
Jason, “It’s not a cigarette, it’s marijuana.” |
Legal eagle
Reader OP asks whether you can get into
trouble in Thailand for working even if you are not being paid for it.
It all depends. The alien labor law of 1979 is drawn up in such a way
as to preclude both paid and unpaid work without the necessary permit
which automatically links you to the tax system. For example, a farang
collecting glasses in a bar or working as a handyman in a shop would
be breaking the law whether or not he received payment. It would not
be a defence in law to argue you were just helping out the boss or
could not employ Thai staff because you were short of cash. The key
point is that farangs are not allowed, without the permission of the
Labor Department, to undertake any activity which could be construed
as depriving a Thai national of employment. Whether you actually make
a profit or are telling the truth are not the issues here. On the
other hand, voluntary workers for charities, recognized international
organizations and the like will not normally be hassled by the
authorities. They should, none the less, carry non immigrant category
“O” visas rather than tourist ones. Incidentally, the one year
retirement visa does not give any special privileges. When you apply
for one, you will sign a form (in Thai) which specifically states you
will abide by the alien labor legislation.
Food fare
GEOC (Grapevine Eating Out Collective) made
a surprise visit this week to the Paradise Caf้ and Grill which
is opposite the Royal Garden Hotel on Second Road. Chef Hans, formerly
of the Dusit Resort, told us that he had recently extended the menu,
which indeed he has. The pork schnitzel with Swiss cheese was
especially to be recommended, but there is a substantial Thai and
international list of dishes from which to choose. Open from 9.00 a.m.
until 11.00 p.m. All day breakfast as long as the sun shines… Indian
food has become so much better in Pattaya over the past three years,
and you really have to try all ten or so restaurants to make a fair
comparison. But the Ali Baba on Central Road really has got its act
together and caters for those who are seeking that magical taste
associated with Curry Mile in Bradford, Leicester or Manchester. The
aloo chat, butter chicken, rogan josh and mint parathas were spot on
when GEOC paid a state visit. Attentive service by waiters who are
well briefed to assist you make your choices. (Not always true in
Pattaya eating houses). But you must be absolutely famished when you
sit down to make the most of the fare. |
Dining Out: Delaney’s
- You can’t go past a pasta
by Miss Terry Diner
One of the latest promotions to come out of the very active
mind of Kim Fletcher from Delaney’s Irish Pub is the Tuesday Spaghetti Night.
However, as the Dining Out Team discovered, Tuesday night at Delaney’s is much
more than spaghetti.
The basic concept is an “all you can eat” evening for 150
baht. However, this was not a big steaming pot of spaghetti and another big pot
of Bolognaise sauce, as we first imagined. Instead we were greeted by the
smiling face of Sunny, standing behind a huge selection of pastas and intriguing
bowls of interesting food. The idea is basically that you choose the type of
pasta you want, then you build your own sauce from the ingredients on display
and it is then cooked fresh, right in front of you, to take to your table.
Choosing the pasta first, it goes into the boiling water, while you then
deliberate on your sauce.
For first timers, such as we were, the important point to
note is to take your time. There is just so much choice on offer that if you
rush, you might miss some of the really good things. To begin with, there were
five choices of pasta - spaghetti ordinaire, Tagliatele, Macaroni, Fusilli and
Penne.
Then there are four sauce bases - chicken, fish, beef and
tomato. One of these you use as your base, upon which you build your own, very
special, individual sauce. This is where you can show your creative culinary
art, or just display your own brand of gluttony. In retrospect, Madame showed
the former, while I fell more or less into the latter category.
There
were seventeen additional items you could add to your sauce on the Tuesday the
Team visited. These included containers of prawns, mussels, clams, bacon,
capsicum (both red and green), cauliflower, champignons, onion, carrot, peas
plus more. Then there were four sauce boats with chillies and black and green
olives. Of course there were also bowls with garlic and Parmesan and additional
shakers of Parmesan. If that is not enough, there is a vegetarian lasagne, cut
into hefty slices, that you can carry off as well.
Madame chose carefully, selecting a Penne pasta with a fish
base for the sauce. To this she added some mussels, prawns and clams, a little
garlic and champignons. Sunny smiled appreciatively, obviously impressed with
Madame’s choice of ingredients. With a flourish, the second chef stirred in
her choices, added in the now cooked pasta, a dash of parmesan and Madame had a
“marinara” to be proud of.
For myself, I chose a Penne pasta, but then went a little
amok with the sauce. With delicate finger pointing wildly, I selected a beef and
tomato base, to which was added bacon, cauliflower, onion, peas and garlic - and
then I spotted the prawns and mussels, so a goodly helping of those went in as
well. “And some Parmesan, please.”
So we both retired to our comfortable Chesterfields with
loaded plates. Mine was great, but I must admit that Madame’s more selective
approach produced a better one. I will modify my “kid in the candy shop”
approach the next time we go on a Tuesday night. I think I will have one small
plate of a seafood based one and then another with a meat base.
For 150 baht and all you can eat, this is a great bargain fun
night out, and as Kim explained, “The good thing is, if you don’t like the
sauce, don’t blame us, because all we did was cook it to your recipe!”
Thanks, Kim, great idea and we’ll be back. There will definitely be a next
time.
Lotus Eaters:
Makha Bucha - a Westerner’s Experience
by Mirin MacCartry
Makha is the ancient Indian name for the third lunar
month, and Bucha means worship. Makha Bucha Day or “Worship in the month
of Makha” falls on the full moon towards the end of February. Buddhists
everywhere flock to the temples (or Wats in Thailand) to listen to a sermon
by the Abbot, be given the five precepts, serve food for the monks, meditate
and do other merit making activities. In the evening they make a candlelit
procession three times around the Wat or Buddha image as a gesture of faith
in the Holy triple Gem.
Lesley’s
tent
I was vaguely aware of what was involved, having been a
Buddhist of sorts for a few years, and even taken part in various holy day
celebrations. Slow candlelit processions on beautiful full moon nights could
only be magical surely? Not for a second did it occur to me what physical
and mental impact three days of this merit making up-country in a Wat would
have on my tired body.
My friend Lesley and I were invited by a Thai teacher,
Khun Wanna, to accompany her for the three day weekend on Makha Bucha and
were still enthusiastic, despite the ‘unholy’ predawn start. Worse was
to follow.
We had been warned to wear white, nobody said anything
about no see-through (my sin) or sleeveless (Lesley’s) or about my white
fishermen’s trousers falling down at breakfast.
If it were possible to die of embarrassment perhaps both
of us should have. Being the only two farangs there, we were totally
conspicuous every time we fell asleep on our knees or did something yet
again more unacceptable. Poor Wanna, I think all the merit she may have
achieved was cancelled out by her two students lack of grace! Although on
the last morning the Venerable Luang Poo did say to the assembly that the
two Farangs were “Phra dee dee,” or “Good little monks” and everyone
laughed except us. I think by that stage both of us were too mortified to
see the funny side at all.
Stunned and exhausted after the first day we then
realized that Wanna was deadly serious about supervising us. Disbelieving
that we were really expected to kneel on a marble floor for hours of
chanting, starting when it was still dark before breakfast and then hours
more after lunch and hours again in the evening instead of dinner. Oh yes,
there was walking or sitting meditation in between times and glasses of iced
herbal drinks and large doses of serenity and welcoming friendliness from
the Thais, to counter balance our protesting bones.
We made our beds on top of pebbles under mosquito nets
and the full moon, and were too tired to care. We slept the sleep of the
just. The boom of the bell and the drum calling everyone to pray at 4.30 in
the morning had a powerful sonorous sound with an eerie mystical feel that
was palpable, not imagined.
Nevertheless, over breakfast, passing on the dried fish
and the curry, both of us plotted our afternoon escape like wayward school
children. We took sanctuary in the “hong nam” and poured buckets of cold
water over our heads. Never were cold showers more appreciated, but I had
forgotten about my newly dyed red hair. By the time I was finished the
“hong nam” looked like a chicken slaughterhouse.
But one of the most stirring parts of the weekend was the
Abbot himself. Mere words cannot describe the presence of this man.
‘Tremendous, awesome, magic, teacher, saint’ are a few words that occur.
His photographs certainly show his Messiah like aura. Perhaps his title says
more. He is called Luang Poo Buddha Isara. Luang Poo translates as
Grandfather monk (A term of deep respect in view of his sainted status at so
young an age). Buddha Isara is his name, and calling an abbot ‘Buddha’
is akin to calling a spiritual leader the “Pope” or “Dalai Lama”.
My moment of truth came on the last morning. Being given
the 5 precepts by a revered monk or even making a personal resolution is not
the same as adhering to the 10 commandments of Christianity. It is more
encompassing, more involved. Devotees undertake to refrain from (1) Killing
any living thing, (2) Stealing, (3) Adultery, (4) Lying and (5) Mind
Altering Intoxicants.
These precepts are meant to be lived within the society.
They do have social implications, for example, the “First precept implies
the rights of all living beings to protect and preserve their life. It also
implies the importance of love and compassion for all.” (“Basic Buddhism
Course,” by Phra Sunthorn Plamintr, Ph.D.)
If you think about it at any length it is not all that
difficult to resolve to refrain from killing anything or anyone, even the
odd cockroach or mosquito, but how easy is it to refrain from anger at all
times and bite back that furious response and reflect loving kindness in the
face of aggression? Somewhat an impossible task for this Farang “phra dee
dee”.
Perhaps hypnotized by the solemnity and over optimistic
about my strength of character, I undertook to attempt to accept the Five
Precepts for three months. I am still suffering withdrawals, though I expect
it could save my life or perhaps my non-soul? For this westerner, Makha
Bucha has had an enormous impact on my life. Now, perhaps, I understand just
a little more. Thank you, Khun Wanna.
Down
The Iron Road:
The Famous Flying Scotsman
by John D. Blyth
The Locomotive the ‘Flying Scotsman’ is by common
consent the most famous steam locomotive ever to run. But the name is far
older, being used unofficially by two trains which connected the cities of
London and Edinburgh, each starting at 10.00 a.m. Eventually the name was
recognised and the time was not to change for many years.
The ‘Flying Scotsman’ locomotive was the third of
Nigel Gresley’s big ‘Pacific’ locomotives, designed to haul the
heaviest expresses of the then Great Northern Railway. Two had been built
for the Great Northern, but by the time the next appeared, the 1923
‘Grouping’ had taken place and the Great Northern had become part of
London & North Eastern Railway (LNER). These were the prototypes for the
many ‘Pacific’ locomotives by this designer, which culminated in the
notable ‘A4’ Class - see my previous note on the record-breaking
‘Mallard’. The early locomotives had a serious design fault which made
it impossible to work them economically or at the high speeds they needed to
achieve, but Gresley was reluctant for a time to correct it.
‘Flying
Scotsman’ in preservation, restored to near-original appearance and LNER
livery and number. At York 9/5/1964
At the Wembley Exhibition of 1924, ‘Flying Scotsman’
stood end-to-end with a Great Western locomotive ‘Pendennis Castle’ 12
feet shorter and far less bulky, but which had a notice claiming it to be
‘Britain’s most powerful locomotive’. How could this be, against
Gresley’s monster! Secretly, in back offices, an exchange was fixed,
whereby a locomotive from each company would work trams on the lines of the
other for a two week period. ‘Pendennis Castle’ went to work on the LNER
between London and Leeds, whilst an un-named Gresley locomotive went to work
out of Paddington on the tricky West of England route of the Great Western.
The big Gresley locomotive was in each case totally out-classed; it was
inferior for time-keeping and coal and water consumption and there was even
a comment that the track to Plymouth was too sharply curved. This design
fault, of short travel valves, was the key to much of this, but Gresley
still hesitated, eventually agreeing to a modification to one engine only.
By chance, a little later, the chief found this engine at the head of his
train to London one morning, so rode with the driver. He was totally
convinced, and the order came that all were to be altered when they came in
for repair. Soon, things began to happen, first non-stop running between
London and Newcastle, and starting from 1st May 1928, through to Edinburgh
in both directions without a stop over the 393 miles - then the longest
non-stop run in the world. The 10.00am ‘Flying Scotsman’ train, with,
very aptly, No. 4472 ‘Flying Scotsman’ at the head, inaugurated this
spectacular event, which was continued up to the Summer of 1939 after which
war intervened.
The 393 mile, 8 1/2 hours run would be too much for one
engine crew, so a special ‘corridor tender’ was designed with a narrow
passageway through which the relief crew could gain access to the locomotive
and take over. So long a run could not have been achieved before
modification of the valve gear, as the high coal consumption would have
emptied the tender of fuel far from ‘home’. Even so, it was sometimes
touch-and-go.
Unexpectedly, No. 4472 was the choice for a test run in
November 1934, in the run-up to the introduction in 1935 of Britain’s
first high-speed lightweight train, the ‘Silver Jubilee’. Where, in
1938, the ‘A4’ locomotive ‘Mallard’ was to claim for all time the
speed record for steam on rail, ‘Flying Scotsman’ was the first to claim
100 m.p.h. under test conditions. Such conditions certainly did not aptly
apply to ‘City of Truro’ in 1904!
Post-war conditions called for some alterations to the
Gresley ‘Pacific’s’; these included ‘Klychap’ double exhausts, and
to lift the smoke clear of the driver’s view, German type smoke deflecting
screens. It was in this condition that ‘Flying Scotsman’ - now with a
British Railways number, 60103, left King’s Cross for the last time in B.R.
service, on 14th January, 1964. It escaped the torch, however, as
businessman Alan Pegler had secretly bought it and had it returned to
something like its original appearance. In this condition it was a favourite
for use on special train duties, visiting many parts of Britain where it had
not been seen before. Just fifty years after its debut on the ‘Edinburgh
Non-stop’, it was carefully arranged to do it again! B.R. was by then deep
in the change-over from steam to diesel traction, and many facilities had
been taken away, such as vital water troughs between the rails from which
water supplies could be lifted by a scoop - I believe there was just one of
these left on the whole 393 mile run. But a second tender was taken, altered
to carry water only including the space once occupied by ten tons of coal.
It was done-just - but was a close run thing indeed!
In 1968 the locomotive took some LNER coaches, specially
fitted, on a trade mission to tour the U.S.A. I confess to knowing little
about the mission, but it seems to have failed, and there was no money to
bring the locomotive home. It was ‘stored’ in the open for some time,
and the Southern Railway (not Railroad in this case), but eventually two
British businessman with a feeling for locomotives put up the money and it
came back home to Liverpool. Examined there it was found to be in a fit
condition to be steamed and run to Derby, where it had a general overhaul.
The continuing demand for the locomotive had to be
interrupted when it was invited to visit Australia in connection with that
nation’s bicentennial celebrations. It became known later that even this
famous engine was not the first choice - but the owners of a well-known
‘A4’ streamliner preferred to keep it nearer home. A careful overhaul
was carried out, the valves being set, unusually, by a lady; she did the
work to perfection. What had been planned as a modest tour of the populated
east of the country caused such an outcry from such places as Perth, that it
had to be extended greatly to make visits to the west. And what could have
been more unexpected than a meeting between ‘Flying Scotsman’ and the
Great Western locomotive, ‘Pendennis Castle’; they had last been seen
together in 1924 at the Wembley Exhibition! The ‘Castle’ locomotive had
been withdrawn in 1964, and after some uncertainties was bought by the
Hamersley Iron Ore Railway, one of the heavy-haul iron ore railways of
Western Australia; they had used it occasionally, but now it was arranged
that ‘Pendennis Castle’ and ‘Flying Scotsman’ should work together
on a special train!
In due course ‘Flying Scotsman’ returned to Britain
and carried on with the occasional run on the main line, but mainly on the
shorter, previously B.R. lines that have been bought to run as private
concerns. Another overhaul was badly needed, but again there was no money
and the future was in doubt. Once again a buyer with money has been found, a
long and very expensive job at ฃ2 1/2 million has been completed. It
appears to be again in first class condition despite its 77 years of
service.
Coins of the Realm:
Singapore Coin Auction
by Jan Olav
Amalid,
President House of the Golden Coin
http://www.thaicoins.com
This weekend coin collectors and dealers from all over
the world meet in Singapore for some exciting days. One of the reasons is
that the Singapore Coin Auction takes place, the other is that the 14th
Singapore International Coin Show is taking place the same weekend.
Not only coin-collectors will be present at the Raffles
City Convention Center, but collectors of phone-cards, pins, autographs, old
toys, dolls, postcards and other collectibles will have their Singapore
Collectibles Fair 2000 next door to the Coin Show.
Napoleon
III granting an audience to the Thai Ambassadors 27th June 1861.
The coin auction has 1423 lots, which includes not only
coins, but tokens, medals, bank notes, a few postcards, some bonds and even
food vouchers. One lot does not necessarily consist of only one object, but
several, like lot no. 1134. This lot starts off with Chinese Imperial
Railway Bond, Pound 100, 5% Tientsin-Pukow Railway loan no. 35716, seals and
facsimile signatures of the Chinese Minister in London and the Director
General of the Tientsin-Pukow Railway, 1st September 1908.
There are 18 more objects in the lot, among them: City of
Szechuan Province: Specimen Food Vouchers (6), issued by the Food Department
in 1976. The estimate for the lot is US$180-220. But before you start
considering buying, I do not believe the present Chinese government will pay
you back the Pound 100 for the railway loan, and since the Food Vouchers are
Specimens, it is not likely something will be served.
Malaysia-
British North Borneo, $10,000 estimated at US$38,000-40,000.
There are a few Thai coins in the auction. The most
expensive is an ESSAI, one baht, from RS127 (1908) in very nice condition.
The coin was struck during the reign of King Chulalongkorn. Here the
estimate is US$10,000-12,000. In VOL.VII No.4, I wrote about this coin, and
I estimated the value to be 200,000 baht for a nice coin. The reason why the
one in the auction is estimated so high, is that it is an ESSAI or Pattern.
Next week I will write about this subject.
There are some interesting Thai medals in the auction.
One is actually a French medal, but it is so interesting for Thai collectors
that the cataloguers have chosen to include it with the Thai medals. It is a
medal with Napoleon III on the obverse, and the reverse shows Napoleon III
receiving the Thai Ambassadors on 27th June 1861. The medal is 71 mm, and
struck in silver. The catalogers have seen the medal in copper before, but
never in silver. It is a rare medal both in copper and silver, but so far I
have handled two pieces in silver. The estimation, in my opinion, is
reasonable, US$2,000-3,000.
Also being offered are some Thai banknotes, including
some one Ticals/Baht printed around 1920, which are in very nice condition.
If they could be bought for the estimated price of US$500-1,000, this might
be a good buy.
One of the more expensive items on the auction is from
Malaysia - British North Borneo. The lot no is 1212 and is a $10,000 issued
by the Board of Commissioners of Currency. Queen Elisabeth II is to the
right on the banknote. Written in small letters, “SPECIMEN OF NO VALUE”
is printed up in the right corner. This can not be quite true because the
estimated price is US$38,000-40,000, and remember that the auctioneer will
charge the lucky buyer an extra fee of 15%.
Animal Crackers:
Hornbills
by Mirin
MacCarthy
They say that elephants never forget. Well there is a
bird that is long on the memory too and that is the hornbill. (This may be
one reason why the female cements herself into a tree hollow for up to 4
months to hatch her chicks. She remembers too vividly what the last time was
like?)
A hornbill is rather a bright bird and never forgets
anyone who has thrown a pebble at it or tossed it a piece of fruit. They
have an uncanny ability to recognise people, hopping enthusiastically to
greet the generous and lunging in to attack the mean.
One of our local “characters” was given hornbill
“Gang” five years ago when it was a not fully feathered baby chick. He
raised Gang by hand feeding it bananas. Since then the pair have bonded and
Gang has developed into a real character like his owner, having become
obviously imprinted, and the bird is now positive that he is a hard
drinking, hard playing, Dane.
When Gang eats he throws the piece of fruit up in the air
and catches it with his beak then tosses it down his throat and often he
will pass the fruit to his owner or a friend. “He doesn’t like to eat
alone,” said the owner. Gang is endearing to watch sharing grapes with
him, biting him affectionately on the fingers, chortling and siphoning his
beer. What more could you ask from a pet bird?
These birds belong in the tropical rain forests and are
spectacular in the wild. Because of their huge wing structure they make a
sound like a train passing when flying through the forest canopy and a group
of hornbills sounds like an ominously approaching storm. Being birds of the
rainforests the majority of hornbills cannot survive strong unremitting
sunlight for too long. The patient bird watcher at Khao Yai National Park
can spot most of Thailand’s hornbill population where two species of
hornbill practice co-operative breeding, where the father has up to five
younger helpers to help feed the imprisoned female and brood.
“A Great Hornbill family begins the day with a morning
duet by the male and the female. The call is believed by some local people
in Thailand to wake up the Buddhist monks for their morning prayers,” so
says Atsuo Tsuji in Hornbills Masters of Tropical Forests, A
Photographic History in Khao Yai National Park, Thailand. Thailand is
fortunate it still has some rainforests standing for these magnificent
creatures.
Hornbills are often confused with the South American
Toucans because of their massive beaks. However, toucans are generally more
colourful and live “over there”, not here in South East Asia like the
hornbills. Primarily fruit eaters they dine on a variety of figs and over
sixty varieties of non-fig fruits. Not to mention the odd lizard or two when
breeding.
Copyright 2000 Pattaya Mail Publishing Co.Ltd.
370/7-8 Pattaya Second Road, Pattaya City, Chonburi 20260, Thailand
Tel.66-38 411 240-1, 413 240-1, Fax:66-38 427 596; e-mail: [email protected] |
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