Family Money: How not to make money - Part Two
By Leslie
Wright,
Managing director of Westminster Portfolio Services (Thailand) Ltd.
Although the 1929 Crash is always uppermost in
people’s minds, 1973-74 was actually worse. Two years with drops of 25%
and 33%; three years to return to positive growth figures, and devastating
inflation to boot. (The European economies were also in deep trouble
during that same period.)
Although it took five more years to recover positive
territory, the 10-year period 1973-83 nevertheless yielded an average
annual growth of 9.8% – largely due to 1982-83 earnings in small caps
and large value funds, and major turnarounds in the then newly-emerging
markets.
Fresher in people’s memories is the Crash of ‘87
– another dip caused by a fairly major correction of an over-speculated
market, and a negative over-reaction caused by panic selling following
immediately thereafter.
At the time, Wall Street whiz-kids and “expert”
news commentators forecasted the end of the world as we’d known it, and
were predicting that the US housing market would crash, the Savings &
Loans would all go bankrupt, everyone would stop buying or building homes
(and live where?) and thus not take out any mortgages, and of course, buy
no new cars.
This doom-and-gloom reactive thinking simply reflects
the general “herd” mentality which allows emotions to override common
sense.
It’s true that all those things did stop – for a
few months. Then good old supply-and-demand took over once more, sense
returned to the marketplace, and pent-up consumer spending drove S&L,
housing, and car markets to new highs. Stock prices did likewise, and by
the beginning of 1990 the indexes were once more above the pre-Crash
speculative highs – and on much sounder fundamentals.
Then at the end of 1990 came Saddam’s invasion of
Kuwait, with of course the gurus once again predicting the end of the
world. Sure enough, the world believed them for a few months and stopped
buying things, and sold their stocks, mostly at losses.
By 1993, however, everything was going wonderfully
again. Investors were pouring money into emerging markets, and during the
fourth quarter of that year the market indexes of the ‘Asian Dragons’
– Hong Kong, Singapore, Malaysia and Thailand – were rising almost
vertically. By Christmas everyone – even maids and taxi drivers in Hong
Kong – had jumped onto this speculative bandwagon, as if it would
continue forever.
Clearly this was the time for professional advisors to
start warning clients to get out before the inevitable happened. Few took
any notice. Indeed, the markets continued to rise until Chinese New Year
– and then the US Federal Reserve dashed everyone’s aspirations by
unexpectedly raising interest rates in February 1994.
This caught even the big speculators, including our
friend Mr Soros, with his trousers askew, forcing him to cover his bond
positions by selling equities, losing around US$800 million in the
process, and sparking a world-wide run.
This set off the now-famous ‘Flight to Quality’ of
1994-96, with the speculative money invested in emerging markets being
diverted back to the traditional major markets of USA, UK and Europe. This
trend has continued to fuel the ‘bull’ markets of those economies with
a wall of money up until the speculative bubble of dot.com and hi-tech
stocks burst in April 2000, setting off a run of negative sentiment that
has lasted up until now, and been one of the longer bear runs in history.
Common sense ain’t too common
Most investors know that it makes sense to be
contrarian. Contrarian to common sense, that is. That’s why most buy in
once the market’s gone up at least 50%, and sell out when it’s dropped
at least 50%. Most just cannot seem to grasp the simple concept that you
buy in at bottom and sell out at top.
Add to this the fact that investors will buy almost
anything on a whim or a fancy – such as a go-go bar in Pattaya, or a
house for the lithe young lovely you met last month who really truly loves
you.
Ironically, the funds which regulators deem to be the
riskiest – hedge funds – are almost certainly the best bet. The
interesting thing here is that investors who fully expect a fund to be
volatile will be psychologically less troubled by a temporary price fall
than those who expect constant upward movement, despite this latter
expectation being na๏vely unrealistic.
More importantly, most hedge funds are structured such
that the fund manager only gets an income when the fund performs well.
Thus it is in the common interest of both manager and investor that he
makes a profit.
Of course this arrangement is so sensible that
regulators, in the typical manner of bureaucrats, have banned performance
fees in a number of regulated jurisdictions (including the U.K.), thereby
widening the motivational gap between fund managers and investors.
The bigger the better
In my experience, not just as a financial advisor but
also as an investment portfolio manager, the bigger the investment the
less anxious the client. High-net-worth clients (which is the financial
services industry’s euphemistic jargon for rich people) seem to pay less
attention to what their substantial investment portfolios do from month to
month – let alone from week to week – than ‘small’ investors with
just a few thousand dollars in play. These latter avidly follow their
funds and the markets almost daily, fret constantly, and trade frequently
– or get their broker to do so, often against his advice.
Investors with portfolios worth several hundreds of
thousands (or millions) seem generally less anxious about short-term
corrections (which they fully expect, having a better understanding of how
the whole thing works over the longer term), and pay greater attention to
their portfolio manager’s advice, itself gleaned from the opinions and
predictions of numerous other professional portfolio managers and
institutional analysts whose very jobs depend on getting it right more
often than getting it wrong. (As opposed to media commentators, whose jobs
depend only on today’s ratings or circulation figures.)
Money of course is a highly emotive subject, and often
people allow their emotions to cloud their better judgement. As with any
investment, one should approach the subject with a clear head, a grasp of
how the whole thing works, some realistic goals in mind, and a
well-planned strategy. And preferably, an experienced and objective
professional advisor who will help you avoid the emotive pitfalls, and
whose reputation, career and income depends on getting it right.
Snap Shot: Widen Your Horizons! (Part
2)
by Harry Flashman
Last week I mentioned the fact that panoramas can be
carried out by any competent photographer with an absolute minimum of
equipment - a “standard” camera, a tripod and a spirit level. Let’s
now continue and look at the finer details.
The lens
The “standard” 50 or 55 mm lens is just perfect for
this job. For the technically minded, the standard lens has an angle of
view of around 46 degrees, and even allowing for a 6 degree overlap, five
successive shots will produce a panorama of more than 180 degrees. Just
the amount we wanted to cover!
For the non-mathematical photographer - do not despair
- just slowly rotate the tripod head while you look through the lens. Note
the number of shots you need to cover the intended scene, allowing for a
slight overlap each time. Generally you will find four to five shots will
be enough to cover it.
Exposure settings
If you have a manual camera, meter for the correct
exposure by selecting the most important feature in the panorama and
noting the exposure readings necessary to record it.
Now if the camera has manual over-ride then fix on
those readings for every shot in the panorama sequence. This will give a
more even tone to the skies and backgrounds in the successive pictures.
Mind you, even with fully automatic cameras you will still get good
results provided the successive shots are taken quickly to avoid
differences in light levels caused by sun and cloud movements. Try to
avoid shooting into the sun as you complete the multi-exposure panorama or
you will get enormous changes in sky and foregrounds.
Shoot with a pencil!
Now you are ready to take the four or five shots.
Rotate the “pan” head so that you start your first shot from the left
edge of the scene. Make a small pencil mark on the pan head, then move to
the next shot in the series, remembering a slight overlap. Again make a
pencil mark and you will be able to see how much you are rotating the
camera for each shot. This comparison will allow you to have the same
amount of overlap on every print. Whilst you do not have to be accurate to
the nth degree, it does make it better if you have round about the same
overlap.
Cut and shut!
Now it is time to breathlessly rush down to the photo
shop. Ask for borderless prints and get an extra set at the time of
initial processing. This is important, because if you make an error during
cutting, you have replacement processed at the same time as the original
and should match colour and density with no problem.
Lay the shots down, side by side and carefully line
them up with their overlaps. Because you shot with the tripod head
horizontal, there should be no up and down movement in the horizon from
print to print. Now, with a steel rule and a scalpel, or very sharp knife,
cut the overlapping sections away leaving a continuous pictorial scene of
around 600 mm in width. This trimming is tricky and you will appreciate
the extra set of prints!
Now it is time to glue the shots together on art board
and finally have your work laminated. Your panorama will last for years,
and the laminating makes sure the separate shots do not move or slip! I am
yet to find a glue that will last more than two years.
Having taken care and followed this two part panorama
technique through to the end, you will get a worthwhile work of art for
the lounge room. Believe me!
Modern Medicine: Eye contact and eyes right!
by Dr Iain Corness, Consultant
With all our organs that can go wrong, did you know
that eye problems are some of the commonest reasons for a doctor visit?
And for those of you who wear contact lenses (like me) there are even more
eye problems for us to get, despite the common use of contact lenses these
days.
What has to be remembered is the fact that a contact
lens is a foreign body in the eye. The “skill” in manufacturing the
contact lens is in making it so smooth that the eyeball doesn’t realise
there is a foreign body there at all.
There are various types of contact lens, the old hard
ones were made of a material called polymethylmethacrylate (PMMA) which is
rigid and doesn’t let oxygen through, but the newer ones have a material
called siloxane which is gas permeable. These hard lenses are the most
trouble free, although the most difficult to look after.
The second type of lens is the soft contact lens, of
which there is a “permanent” style and a disposable type. These are
made of hydroxymethylmetha crylate (HEMA) which contains between 30-60%
water and are gas permeable. However, soft disposable lenses give the most
problems, but are the easiest to look after, in direct contrast with the
hard lenses.
The commonest problem with all contact lenses is
infection, and since the lens is a foreign body, there is a good reason to
get an infection immediately. For those of you who leave your lenses in
overnight, you have an increased risk of infection by a factor of 10. Take
them out every night, you have been warned!
Infection is not to be thought of as something that
just happens and when it does you just pop in a few eye drops and get
better automatically. Bacterial infection can be sight threatening and the
cornea (the clear bit in the centre that you look through) can be
destroyed in 24 to 48 hours. There is also a parasite that can get into
the eye of contact lens users who have rinsed their lens with contaminated
water, or who have worn their lenses swimming in contaminated water.
One very common problem is “losing” the lens in the
eye, both the hard and soft types. The most important thing to remember is
not to panic. The lens cannot go “behind” the eye. It just rolls
itself up under the lid. Try to avoid rubbing and it will reappear in an
hour or so.
The other very common problem is eye irritation. This
is caused by material under the lens or damage to the lens itself, such as
splitting or tearing. If you take out the lens and you find it breaking
up, do not put it back in - you run the risk of damaging the cornea. If
you are like me and you wear your “two week” contacts until they fall
apart - remember you are running a risk!
Lens care is the most important feature and you should
always wash your hands before removal or insertion. The lens container
should be scrupulously clean and the storage/cleaning fluid should be
fresh, and never use water.
Look after your lenses, change them frequently and
remove them immediately if there is any irritation or redness. “See”
you next week!
Women’s World: A Queen among women (Part 1)
by Lesley Warner
As a youngster I was always enthralled by the British
Royal Family, probably because when I was small my mother used to take me
to watch Prince Charles and Princess Ann having their riding lessons. One
time, Prince Charles turned around and waved to me; as I was the only
person there I knew he was waving at me. That was it, I was hooked and my
greatest ambition was to grow up and marry him.
Just
an ordinary girl
As the years passed my loyalty to the Royal family
diminished. The majority of the population transferred their allegiance to
Diana, I think, because she appeared more human and had, to the people,
such a romantic life. It was a bit like the movie “Pretty Woman” - she
was whisked from a fairly ordinary life into a fairytale one, or at least
that was how it should have been.
The Queen always seemed to be cast as the ‘baddie’,
although Diana always maintained a great respect for this lady. As it’s
the Queen’s jubilee year I decided to look into her life for the column,
after all she is a woman. I’m sure she must have started life with the
same dreams and fantasies as the rest of us.
The Queen was born in London on 21 April 1926, the
first child of The Duke and Duchess of York, subsequently King George VI
and Queen Elizabeth. Five weeks later she was christened Elizabeth
Alexandra Mary Windsor in the chapel at Buckingham Palace.
A
very young princess
In her early teens she began to take part in public
life. She broadcast for the first time in October 1940, when she was 14;
she sent a message during the BBC’s children’s programme to all the
children of Britain and the Commonwealth, particularly to those children
who were being evacuated for safety reasons. In early1942 she was
appointed Colonel-in-Chief of the Grenadier Guards, at sixteen she carried
out her first public engagement, when she inspected the regiment.
She was President of the Queen Elizabeth Hospital for
Children in Hackney and the National Society for the Prevention of Cruelty
to Children. From March 1944 onwards, she also began to accompany the King
and Queen on many of their tours within Britain.
Shortly after her eighteenth birthday in 1944, Princess
Elizabeth was appointed a Counsellor of State during the King’s absence
on a tour of the Italian battlefields and for the first time, carried out
some of the duties of Head of State. In August that year, with Queen
Elizabeth, the Princess received an address from the House of Commons, and
replied on behalf of the Throne.
In early 1945 the Princess was made a Subaltern in the
Auxiliary Territorial Service (ATS). By the end of the war she had reached
the rank of Junior Commander, having completed her course at No. 1
Mechanical training Centre of ATS and passed as a fully qualified driver.
Her first official overseas visit took place in 1947,
when she accompanied her parents and sister on a tour of South Africa.
During this tour she celebrated her twenty-first birthday and gave a
broadcast address dedicating herself to the service of the Commonwealth.
On that day she vowed:
‘I declare before you all, that my whole life,
whether it be long or short, shall be devoted to your service and the
service of our great Imperial Commonwealth to which we all belong. But I
shall not have strength to carry out this resolution unless you join in it
with me, as I now invite you to do; I know that your support will be
unfailingly given. God bless all of you who are willing to share it.’
To be continued...
Heart to Heart with Hillary
Dear Hillary,
I have recently met a Thai woman, let me tell the
little history. I saw in Pattaya like everybody too much of these old men
with young girl etc. It makes me sick! And I always denied go-go girls
propositions and others even if I found them beautiful and more! I kept
control! But one night we went to Hollywood disco and after another disco
later to close! There I met this girl. We spent 3 days together before my
leave to France and these 3 days were without any sexual intention! We
keep contact by email but do not know if I can have confidence in her!
Could you tell me if it is usual and if I can have confidence or not? I
hope your experience will advise me right!
Francois
Dear Francois,
Love defies logic, my Petal! However, Hillary is
happy to see you have already managed to introduce a note of caution for
yourself. You are obviously French and older by the sounds of it, so we
are not dealing with “puppy love” here. What you have to remember is
that you have known this girl for only three days, be they days with or
without sexual intention! Three days, Francois. Three days are not enough
to begin to plan a relationship for the future. It may be possible that
this is the start of something wonderful and fulfilling for both of you,
but make sure that it is not just a relationship which is fulfilling for
her bank account. You would not do this for a Mademoiselle from Gay Paris
after “trois jours”, so don’t do it here either. By all means let
the relationship grow through email contact and explore each other’s
thoughts and ideas, but do not forget that it is early days, Francois. It
is too early to talk of commitment! You become confident in another person
after they show that they are reliable and honest. You do not find that
out in three days after a dance at a disco.
Dear Hillary,
I have been living in Pattaya for the past 18 months
and have a young Thai girlfriend who shares the condo with me for all that
time. My problem is that I am being transferred to Singapore for 6 months
and I don’t know whether to renew the lease or just let it go till I
come back. It is expensive keeping the place on while I am off-shore and
my girlfriend would be able to go to stay with her mother in Petchabun
while I am away, so it is not as if she would have nowhere to stay. The
only problem with doing that is shifting all my stuff out as I have some
small items of furniture and other personal things like clothes, but I am
afraid that if I left her in the condo she might shift all my stuff out
anyway while I am away for the 6 months. What do you recommend Hillary?
Charles
Dear Charles,
Or are you known as “Charlie”, possibly “Cheap
Charlie”? I do not see any thoughts of compassion for your girlfriend
anywhere in your letter, my penny pinching Petal. All you are worried
about is how much the lease will cost you and whether or not your
girlfriend will run off with your old socks and towel racks. How long have
you been with this girl? 18 months you say - and you do not know whether
she is trustworthy after all that time? She must be a decent sort of girl
if she’s put up with you for a year and a half, Charlie. Hillary can’t
tell you what to do. It’s time to make up your own mind. The rent money
or the old socks or the girlfriend. Your call.
Dear Hillary,
I have a pet problem, or rather, my wife has a pet
problem. We came over here to retire and have a free and easy life away
from the kids and society pressures. But that has gone out the window as
my wife has started collecting pets. The terrapins were OK because they
just sunned themselves in the aquarium, but then the cats and the three
puppies arrived. Then there was the hamster and the white rat. Cockatiels
were next and Indian Mynah birds. Today it is a large lizard and a
squirrel. Our garden is becoming the local zoo. What is happening here,
Hillary, and how do I deal with it?
The Zookeeper
Dear Zookeeper,
Invite the neighbours and charge admission? Have the
house and garden selected as a new tourist venue and charge commission?
Have your wife arrested for unlicensed pet keeping? There’s lots you can
do; however, let’s get serious here. You begin by saying that your wife
has a pet problem, that’s true. You have a problem too, of course, and
that’s a wife problem. You have to begin by understanding that your wife
may not even realise that she has this “empty nest” response that many
women get after their children leave home. In this case not only have the
children left, but now she has left the children too. You need to discuss
this with her and tell her to limit the menagerie to sensible limits.
A Slice of Thai History: The Revolution of 1688
by Duncan Stearn
Part One: Background and the reign of King Narai
It is generally acknowledged that Thailand faced a
major threat to her independence during the mid to late 19th century when
both the British and the French were expanding their empires and spheres
of influence into the Southeast Asian region.
However, this threat to Thai sovereignty was preceded
by an equally menacing challenge from European powers that took place some
200 years earlier.
Much of what historians know about the 1688 revolution
in Thailand is based on foreign observers, but even given their natural
bias, it is a story of Byzantine proportions, full of palace intrigue,
deception and unmitigated cruelty. It is also the story of the first
attempt by European powers to subvert Thai autonomy.
The revolution had its genesis in October 1656 when
Prince Narai assumed the throne of Ayutthaya, the pre-eminent Thai state.
Ayutthaya had been engaged in trade with countries such as Portugal,
Spain, the Netherlands, France and England since the late 16th century,
permitting foreign representatives to establish trading stations both in
Ayutthaya and around Thailand.
In some cases, as with the Portuguese, conflicts arose
or, as with the English East India Company (founded in 1600) and its
merchants, trading was sporadic and not particularly profitable at times.
The Dutch first established a trading station in
Ayutthaya in 1608 and the following year Thai envoys were sent to the
Netherlands. On June 12 1617 a treaty was signed between Ayutthaya and the
Dutch East India Company (VOC) granting the Dutch definite terms for the
purchase of animal hides.
The English had first established a trading station in
Ayutthaya in 1612, but it failed to make a profit and was subsequently
shut down in 1632. However, in 1661, the station was reopened, the Thais
welcoming the chance to counterbalance the Dutch with whom they had
recently come into dispute after a ship flying the Portuguese flag had
been seized in the Gulf of Tonkin.
The goods on board the vessel belonged to the King of
Ayutthaya and the Dutch action led to a straining of relations between the
two countries.
With European settlement, albeit small, inevitably came
religious orders hoping to convert the local population to Christianity.
In 1662, French Jesuit missionaries, led by Monsignor de la Motte Lambert,
the Vicar of Cochinchina, established themselves in Ayutthaya. Lambert
died the following year and in 1664 he was replaced by Monsignor Pallegoix.
The French missionaries were granted land and in 1666
they set up a seminary to train young men for the Catholic priesthood.
When a group of Islamic missionaries from Aceh in
Sumatra arrived in 1668 but failed to propagate their faith, the French
missionaries were given heart, believing the Thais might be favourably
inclined towards Roman Catholicism. Little did they realise the strength
of the Buddhist faith and monkhood.
So, in 1669, the Catholic Church entrusted the
conversion of Thailand to the newly founded Society of Foreign Missions in
Paris, appointing Monsignor Laneau, as the head of the Roman Catholic
mission.
It would be this vigorous pursuit for converts among
the local population that gave rise to suspicion and mistrust among those
in exalted positions within the Ayutthayan hierarchy and would prove to be
a factor when they turned against the Europeans in their midst.
Bits ‘n’ Bobs
MAID
IN THAILAND
My maid goes off to school at Soi Buakhaow each
weekday to learn English. She really is keen and so I encourage her
to learn by asking her to speak English in the house using new words
she has learnt and then to teach me the Thai if I do not know the
words (sneaky, eh?). Yesterday, she announced as usual that she was
off to school. I swear I did not do this deliberately; all I was
doing was trying to see if she had remembered the clothing words she
had recently learnt. I asked her what she was wearing and she said:
“I wearing green shirt and green skirt.” I complimented her on
her English and jokingly asked why she was not wearing a
‘bikini’. She replied: “I not like bikini I wearing underpants
same same you.” That explains why my underwear drawer now looks
emptier than it used to...
16th CENTURY
TRIVIA
Most people got married in June because they took
their yearly bath in May and still smelled pretty good by June.
However, they were starting to smell so brides carried a bouquet of
flowers to hide the body odour. Baths consisted of a big tub filled
with hot water. The man of the house had the privilege of the nice
clean water, then all the other sons and men, then the women and
finally the children - last of all the babies. By then the water was
so dirty you could actually lose someone in it, hence the saying:
“Don’t throw the baby out with the bath water.”
RAMPANT COCK
Sitting outside in my garden one day this week,
the tranquillity of the afternoon was brought to an abrupt end by a
hive of noisy activity in the soi. I looked out to see no less than
seven Thai, a mixture of young males and females doing their utmost
to catch a very determined rooster that had made his bid for
freedom. Why he should want to give up a job like that is still
beyond me... They finally pinned the poor chap down and returned him
to his wives none the worse for wear, although he was missing a few
feathers as evidenced by the trail of black plumes littering the soi.
His escape route has clearly been blocked as witnessed by the
cacophonous din every morning at dawn. I now really wish he had
escaped...
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THE GOOD
SHAMARITAN
Sitting at a coffee shop in Soi 8 recently, one of my
Australian friends over on holiday recounted what had taken place a few
nights previous. He explained how he saw a man fall from a hotel balcony
and land on the back of a car. Richard admitted that he had been indulging
in the ‘amber nectar’ somewhat but knew what he had seen. Thanks to
the report in the Pattaya Mail, I now believe him. Apparently it was an
American Serviceman who had indeed fallen. My pal explained to the people
already at the scene that he was a fully trained paramedic and could help.
He was politely advised that everything was in hand but if he wanted any
help getting back to his barstool, two of the G.I.’s would carry him.
WORD OF THE WEEK
Islander (n.) The guilty plea of a defendant charged
with verbal defamation.
SLEEPING IN THE RAIN
The merry month of May certainly gave Pattaya a good
dousing rain wise. I do not know why it is, but rain seems to have a
soporific effect on the Thai. Every girlfriend I have had in Pattaya has
reacted the same when the clouds burst; they act as though they have just
been shot with a tranquilliser dart. One afternoon when it began teeming
down, within moments of the commencement of the downpour my girlfriend and
two friends fell fast asleep on the couch. The doorbell announced the
arrival of a local builder who had popped round to run through a cost
estimate with me. Five minutes after he sat down, he drifted off into a
deep sleep as I reviewed the estimate. It is just as well they do not live
in UK as they would be asleep 364 days of the year...
JUST WONDERING...
Why the sun lightens our hair, but darkens our skin?
Why women cannot put on mascara with their mouth
closed?
Why do you never see the headline: “Psychic Wins
Lottery”?
Why is “abbreviated” such a long word?
THE FORBIDDEN FRUIT
Many love Durian but I am not one of them. If I want to
make myself physically sick, I will stick my fingers down my throat or eat
some Laos food. Durian is strictly banned from my house, although the maid
must think I was born yesterday as she persists in sneaking the foul fruit
in and keeping it out of sight. I can smell that pungent odour better than
a shark can smell blood although not because of an urge to eat. Not
realizing Durian was in season, I honestly thought I had discovered what
had happened to my missing cat, that being it had passed away behind the
fridge and was now decomposing. So the good news is that Market may still
be alive and well, not that I can say the same for the maid if she tries
that trick again...
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Practical Thai Law: Avoid any involvement with drugs!
by Premprecha Dibbayawan - MCL Miami University, Chairman - International Swiss Siam Co., Ltd.
This article will not benefit drug dealers, most of
whom end up with court judgments of imprisonment or death, meaning that
they cannot enjoy their wealth but instead they and their families have to
spend lots of money defending themselves and worsen their financial
situation instead of improving it.
This article is to tell clean people that they should
avoid involvement with drugs. From police records and other data, many
people without any narcotics background end up in all kinds of
difficulties simply because they were persuaded to try when solicited by
others.
Narcotic drugs are a long-standing problem that has a
very serious effect on social security and the stability of almost every
country in the world. For this reason, there are many laws enacted in
Thailand dealing with narcotics. The acts are: The Narcotics Prevention
and Suppression Act 1976, Narcotics Act 1979, Act on Measures for the
Suppression of Offender in an Offence Relating to Narcotics 1991 and the
Narcotic Addict Rehabilitation Act 1991, not to mention The Anti-Money
Laundering Act 1999, Mutual Legal Assistance in Criminal Matters 1992 and
the Extradition Act 1929.
Definition of Narcotics
“Narcotics”, as described in Article 4 of the
Narcotics Act, means any form of chemical or substance that, upon being
consumed whether by taking orally, inhaling, smoking, injecting or by
whatever means, causes physiological or mental effects in a significant
manner such as to cause the need for a continual increase of dosage,
having withdrawal symptoms when deprived of the narcotics, strong physical
and mental need of dosages and the health in general having deteriorated
through the use of such substance; and includes paint, glue or parts of
plants which are or give products as narcotics or may be used to produce
narcotics and chemicals used for the production of such narcotics as
notified by the Minister in the Government Gazette, but excludes certain
formulas for household medicine under the law on drugs which contain
narcotic ingredients.
Because they have different dangers and medical
purposes, narcotics are classified in 5 categories as follows:
Category 1: dangerous narcotics such as heroin,
amphetamine, methamphetamine, ecstasy and LSD;
Category 2: ordinary narcotics such as coca leaf,
cocaine, codeine, concentrate of poppy straw, methadone, morphine,
medicinal opium and opium;
Category 3: narcotics that are in the form of medicinal
formulas and contain narcotics of Category 2 as ingredients;
Category 4: chemical used for producing narcotics of
Category 1 or 2 such as Acetic Anhydride, Acetyl Chloride, Ethylidine
Diacetate, Chlorpseudoephedrine, Ergotamine, Piperonal and Safrole;
Category 5: narcotics which are not included in
Categories 1 to 4, i.e. Cannabis, Mitragyna Speciosa Korth (Kratom),
Papaver Somniferum Linn and Papaver Bracteatum (Poppy Plant), Psilocybe
Cubensis (Magic Mushroom).
The purpose of the Narcotics Act includes not only to
suppress the illegal use of narcotics but also to control the production
and import or export of the drugs.
No person is allowed to produce, dispose of, import,
export or have in his or her possession Category 1 narcotics except when a
special permit is given by the minister. Being in possession of more than
20 grams of Category 1 narcotics is considered as disposal (sale) of the
same.
No person is allowed to produce, import or export
Category 2 narcotics without any exception. However, under the provisions
of Ministry Regulations, people may apply for permission to dispose or
possess Category 2 narcotics.
Don’t ask me if anyone is allowed to produce, import
Category 2 narcotics otherwise how one can possess them? And whoever
possesses more than 100 grams of Category 2 narcotics shall be considered
as possessing it for the intention of disposal.
No person is allowed to produce, import or export
Category 3 narcotics except when permission is obtained. As for category 4
and 5 narcotics, no person is allowed to produce, dispose, import or
export except when permission is obtained from the minister. Possession of
10 kilos or more of Category 4 or 5 narcotics is considered as disposal of
the same.
The provisions above touch upon possession, exposure
to, import and export; but what about consumption? If you are caught after
consuming the drugs but have no drugs in your possession, would you be
considered as breaking the law? Section 57 of the Narcotics Act prohibits
any consumption of Category 1 and 5 narcotics. Category 2 narcotics can be
consumed only with a doctor’s prescription. There is no penalty for
consumption of narcotics in categories 3 and 4.
The act classifies activities concerning narcotics such
as production, importation, exporting, disposal of and consumption. There
are also offences regarding deceit, threatening, use of violent force or
coercion of another person to consume or instigating another person to
consume. The penalties for the above are various. Many times arguments
arise about whether a person having drugs in their possession is
considered as having them for their own consumption or for disposal. The
penalties for the two crimes are very different.
In connection with the penalties, I would like to
mention here only Category 1 narcotics, for which the penalty for
production, importation or exporting is life imprisonment and if the
purpose of such commitment is for disposal (sale) the penalty is death.
Whoever is in possession of drugs of pure substances of not more than 100
grams for disposal can be imprisoned for 5 years to life and pay a fine of
50,000 to 500,000 baht. If the drugs have pure substances of more than 100
grams, the penalty is from life to death. Whoever has in their possession
Category 1 drugs with pure substances of less than 20 grams, the penalty
is imprisonment of 1 to 10 years and a fine of 10,000 baht to 100,000 baht.
Whoever consumes Category 1 drugs is liable to imprisonment for 6 months
to 10 years and a fine of 5,000 baht to 100,000 baht. Producing includes
packing the drugs, i.e. if one takes drugs from some kind of container and
divides them into smaller containers; this is considered “production”
under the Supreme Court’s ruling.
If foreigner is found guilty of narcotic offences he
shall be extradited under the Extradition Act.
Animal Crackers: Common Housefly
By Mirin E Mc Carthy
Where in the world are there no flies? The common housefly
really is a ubiquitous creature, a marvellous description of its capacity to be
everywhere at the same time. It is thought that this amazing little winged pest
originated in Africa and spread to Europe around 400 BC, when men first started
keeping domestic animals indoors over the winter.
Death and disease
In
his book, “A Fly In Your Eye” Australian author Jim Heath says, “House
flies are dirtier than Dirty Harry. Their bodies are hairy and their feet are
sticky. Each fly can carry several million bacteria.”
The common housefly, ‘Musca Domestica’, can make you
uncommonly sick, with bacteria causing typhoid, cholera, dysentery,
gastroenteritis, salmonella, parasitic worms, shigella, polio, T.B., typhus and
trachoma of the eyes. Flies spread these nasties by their charming habit of
dining off garbage, rotting food, animal carcasses, excrement and all manner of
filth, then spitting up a drop of this wonderful bacterial soup on to their next
landing spot, which may be your babies eyes or that delicious satay or chocolate
cake.
Buzz off
Flies are uncommonly annoying to man and beast alike
especially when they gather in swarms. Horses and cattle are pestered by all
types of flies. Poor beasts flick their tails in a vain attempt to drive them
off. Men, too, have invented all sorts of devices to protect themselves. With
net hat veils once being popular in desert areas and even corks bobbing from
hats in outback Australia. The ordinary fly swatter was originally made of
horsehair, now of appropriately ubiquitous plastic. My grandfather was just
awesome at squatting flies with one of these plastic marvels. No one else could
match his hit rate. It seems that flies have stereoscopic vision and you have to
sneak up on them from behind from the hind wing end before they see you and zoom
off.
Zoom
A common housefly has a comparative airspeed faster than a
jet travelling at the speed of sound. A jet flies100 times its body length in
one second while a fly travels 300 times its body length in one second. The
average airspeed of the common housefly is 4.5 miles per hour. A housefly beats
it wings approximately twenty thousand times per minute.
Lifecycle
The housefly is 6 to 7 mm long, with the female usually
larger than the male. Housefly sexes can readily be identified by the space
between the eyes, the females’ is twice as broad as males.’ Adults usually
live only one to five months but make up for this with a tremendous reproduction
capacity. Forty-eight hours after emergence the female begins egg laying and is
capable of producing five batches of 100-150 eggs. As many as 12 generations of
flies, all with a genetic memory of their parents gut bacteria, may breed in one
season. In hot environments this rate is exceeded.
Your house is my home
Heath says, “Its not for nothing they are called
‘houseflies’.” They will breed near your house if they can. They’re
attracted to houses and buildings and try to get in. Just the opposite of bush
flies found only in the open.” Although houseflies have a range of 5 miles
their breeding site will usually be within 50 meters of your house.
Biological control
The most effective way to be fly free is clean up their
breeding spots, wrap rubbish in plastic and cover compost heaps. Fly screens go
a long way to keeping these little death dealing demons out of your home. Basil
is another great deterrent. Planting basil in the garden and in kitchen pots is
a fly deterrent popularised by the Greeks. Other familiar predators are geckoes,
tokays and frogs, and I know which I prefer in my home.
Personal Directions: Setting goals gives life new meaning (continued from last week)
by Christina Dodd, founder and managing director
of Incorp Training Associates
So how did you go with your goal setting exercise? Did
you manage to find about an hour in the past week - that’s about 8.57
minutes per day - to do something for yourself?
If you have been able to set yourself some goals let me
start today by telling you that this was the easy part! The hard part is
next and that is actually doing something about them, not just talking but
doing! To make things simple there are five ways to approach the goals you
have chosen to ensure that you begin the process of working towards them
so let’s look at the first step.
Be specific. Get a clear picture of what it is you
want. See it, feel it, smell it, touch it! Know every detail about it so
it begins to take shape and becomes real in your mind. Plan every part of
it just like you would if you were building a house for instance. You
can’t just build a house with bricks and mortar alone - no - you need an
architect’s plan, a blueprint, you need to know where the walls will go,
the plumbing and wiring, the bedrooms, the windows, the kitchen, etc.
Specifics will give your goal shape and form and it will no longer be just
an idea.
The second step to take is to write it down. I can’t
stress this point enough. Not writing your goals down is like playing bows
and arrows blindfolded. It’s hard to hit a target you can’t see!
Writing your goals down is the beginning of the roadmap to achieve your
goals. They are there in black and white and that also forms part of the
shaping process.
Thirdly, set a time by when you want to achieve your
goals. If possible set a day, month and year! It will help inspire you and
add more meaning to your goals. Many of us use the phrase “someday
I’ll have such and such” but when is someday? Someday is actually
never - it’s too loose and has no definition and therefore will have no
impact in helping you strive to reach your goals. So set yourself a
deadline and go for it!
Next, read your goals aloud two times a day. Think
I’m silly don’t you! Why don’t you give it a try and then make a
decision about that. The best times are first thing in the morning and
last thing at night when we are most receptive to receive ideas. By doing
this you are reprogramming negative attitudes and perceptions and
encouraging yourself to get moving! This can be a very powerful tool if
you sincerely apply it - so try it. You have everything to gain.
And finally there’s the fifth step - that is to take
action immediately. This simply means that whatever you can do about your
goals today - then do it. Sure you may not have the money to buy the car
you want right now, but you can check out the internet or magazines and
classifieds. You can visit showrooms, you can start saving or looking at
finance options and by taking some sort of action like this you become
more motivated, more enthusiastic, more driven, more determined to succeed
and achieve your goals.
And perhaps as a last word of encouragement - don’t
be overwhelmed by the work you have before you - seize every opportunity
as soon as you can and you’ll be amazed at how just doing this will be
like putting a rocket under your bed!
Have a great week!
Christina can be contacted at christina.dodd@incorp training.com
Social Commentary by Khai Khem
A roof over your head
Finding housing anywhere in the world is a major
undertaking. Whether one rents or buys, prefers a flat, condo, house and
garden, penthouse, mansion, or just a roof over one’s head, the search
can be exhausting and exacerbating. Everyone’s needs and expectations
are different. Of course some countries and cities are easier to
accomplish this endeavor satisfactorily than others. Pattaya and its
environs are neither easy nor straightforward. I have found that searching
for long-term accommodations in Fun City and its neighboring districts
requires a decisive plan executed with the precision of a military
parachute jump into a war zone.
Of course a lot of the hassles and disappointments can
be circumvented by using one of the city’s reputable real estate
agencies which provide renters and buyers search services free of charge.
They even have standard contracts for both parties drawn up which cover
poignant points of the deal, and many have ‘relocation services’ that
help the newcomer settle into a system which can often be utterly
defeating to new families. We refer to this as “baby-sitting”. Now
what could be easier?
However, I am continuously amused by the individuals
who would rather embark on this adventure alone, without the advice of
professionals. Of course I admire self-sufficient people who go it alone
and take the bull by the horns as much as the next person. But some of the
bumpy patches a loner goes through seem masochistic beyond description.
A couple of months ago a young American man rented a
fabulous house in a well-known neighborhood in Jomtien. This home was a
showpiece at first glance. The housing estate was built about 10 years ago
and is reminiscent of many lovely residential areas in Florida. This
two-story house with a boat slip in front had 5 bedrooms and seven luxury
baths. The two boats docked in front were supposed to be included in the
property rental price, and my friend drooled all over the one-year lease
contract as he signed it. The fact that he is a bachelor and intended to
live in this massive home all alone didn’t seem to deter him. Who could
pass up such a bargain? And how did he find this little gem? Through a
travel agency in South Pattaya where he booked a tour to Angkor Wat!
Perfect.
Well, not quite. Three days after he moved in the boats
were taken away. Then the air conditioner began to leak through the
upstairs bedroom down onto the dining room table. During the past heavy
rains, all the phones stopped working. Soon he discovered that he could
not get an account for satellite TV without producing the house
registration for the property. The landlord is happily residing on his
yacht in Monte Carlo and cannot be contacted. Of course the enterprising
employee in the tour agency is not mentally equipped to solve these minor
problems since he’s only moon-lighting as a real estate agent.
A quick look at the primitive contract my friend signed
revealed there was no ‘diplomatic clause’ which allows him to give
notice and ‘live out’ his deposit, or have it returned if and when his
company sends him out of the country for his job. There was no clause
which places responsibility on the owner for repairs or breaches of
contract such as non-payment of village fees, major repairs, etc. My
friend will soon be transferred to West Africa and it looks like he will
be stuck with the house until the lease has expired. Since security in the
neighborhood is intermittent at best, I suggested he pack up everything he
values and cut his losses. Like marriage; rent a house in haste, repent in
leisure.
A lovely young couple who teaches at a prestigious
international school calls me every week to send repair people who can
keep the home they rented last year from falling in on them. The
refrigerator packed up last month and they are now eating out of plastic
bags brought from the market on their way home from work. The master
bedroom’s ceiling fell down at 3:00 a.m. a few nights ago and they
barely escaped with their lives. It seems termites have been munching away
for the past twelve years and the wooden beams in the roof were their main
diet.
When the wife’s parents came to Pattaya in April to
visit, all the air conditioners broke down. Then the toilets backed up
because the septic tanks were full. Last but not least, the washer and
dryer went on strike. Disgusted, Mum and Dad checked into a hotel in
Phuket and had a marvelous time.
How did this obviously intelligent duo find their dream
house? Their maid saw a ‘For Rent’ sign on an empty house and relayed
the info to her employers. When they came to view it, they were so
enchanted by the lovely garden complete with waterfall and tropical fish
pond that all their good sense flew out the window. The house owner is
married to an English gentleman and lives in Kent. Communications are far
and few between. A huge deposit was paid in advance so there is not much
incentive for the owners to answer the flood of letters appealing for
help.
And the fish pond? The water pump packed up months ago.
The fish all died and the whole pond is covered in green scum. New life
did settle in, however. The sound of thousands of croaking frogs can be
heard for miles. No problem. Dozens of snakes have discovered food for a
lifetime. The latest sad news is that their tiny toy poodle has
disappeared.
Roll over Rover: When your dog doesn’t want to be anchored
by C. Schloemer
Owners often complain that when they first try
anchoring their dogs, the pooch jumps on them. Of course if he weighs
ninety five pounds, that will be hard to ignore. Dog owners with
rambunctious animals who weigh more than they do should try some ‘body
language’ communication with their pets. Fold your arms in front of your
face. Tilt your head toward the sky and don’t look down until your dog
is off you. Repeat as often as necessary.
If the preceding correction has no influence, grasp the
leash and snap it firmly down and back without looking or changing your
body posture. No vocal correction is necessary. You’re supposed to be
ignoring your dog. It’s the leash that’s giving the correction. You
step in to praise when your dog settles down at your feet. Your dog may
try it again, so repeat your correction; perhaps a bit firmer.
If your dog is one of those die-hard jumpers, sit on a
very short leash so that the jump itself will bring about a correction.
Release some slack when the dog tries to lie down. Often a dog that is
receiving these new training lessons will learn bits of the correction but
not fully comprehend a true anchored position.
He or she may lie down but immediately twist around to
lie at his owner’s feet. Is this acceptable? No, not really. Ideally the
dog should be lying next to your left side. Every time your dog twists
forward, shift him back with your hands. Do not give him eye contact until
he is lying in the right space! You may need to do this several times, but
eventually the dog will comply. As in all training procedures, be
persistent.
Stationing
Stations are areas you give your dog in every room you
permit him to be in. These are your dog’s ‘spots’. Just like we
humans feel more comfortable knowing our place in a room, so do dogs.
It’s their ‘comfort zone’. Eventually you’ll be able to send your
dog to any area in any situation by using a command like “settle
down”. I realize that for some of you this might sound like a fantasy,
but trust me, it will happen. The key word here is eventually. That is why
stationing can be so useful.
Pick your areas
Select an area in each room where your well-mannered
dog will be permitted. Make sure it’s away from heavy traffic areas and
electrical outlets. In addition, make sure each area is near enough to
something onto which you can initially secure a lead. This will be your
dog’s space and eventually he will go there automatically. But for the
moment you must keep him leashed. You can have two stations or twenty,
it’s up to you. You can also have a car station and outdoor stations
(great for garden parties or badminton games).
Some ideas
The family room is an ideal place since everyone wants
to pet the dog while watching TV or playing video games. You can create
this station near the sofa or couch. The dining room also needs a
stationing place unless you like dog slobber with your meals. You can
create this station across the room so that your dog won’t be tempted to
disturb the family when eating. This also really impresses dinner guests
when the dog has finally perfected his training.
Unless you have a huge kitchen, you might want to
station your dog outside the kitchen door. This way he won’t be under
your feet when you are cooking. The reception area or front hall is
usually an ideal place for doggie havoc. All dogs get excited during
arrivals. Left to roam free, their enthusiasm can get in the way and is
unintentionally reinforced by attention. To avoid such hysterics, provide
a stationing spot in a corner of the area. When the doorbell rings,
instruct your dog to go to his place, secure him, give him a special toy,
and ignore him until she settles down. The best of all possibilities is
involvement without interference.
The idea of dogs in bedrooms seems to stir a lot of
debate. Some of you will reject the idea. But the truth is that your dog
will feel safer and act a lot calmer during the day if she’s kept with
someone at night. This is especially true for those dogs with owners who
are away at work all day. Unless your dog was especially chosen and
trained for night guard duty, consider providing a stationing spot in a
corner of the bedroom or at the foot of the bed.
The Message In The Moon: Sun in Virgo-Moon in Aries
by Anchalee Kaewmanee
Clark Kent
People born into this combination have fantasies that
they are dashing, daring and dynamic. But in real life they are not quite
that decisive or adventurous, and it probably comes as a shock when they
first realize they are not the heroes they thought they were. This is not
to say that the Virgo-Aries does not have courage and strength to make
bold plans. But when the time comes to follow through on that bravado,
they suddenly become hesitant and insecure. The question that continually
enters their mind is whether to do and dare, or just sit back and let
whatever happens, happen.
There is genuine conflict in this Sun-Moon combo. The
reserved, cautious and timid Virgo Sun must contend with an Aries inner
nature that is fiery, belligerent, and fearless. It wouldn’t be easy for
anyone to live up to the incredible self-image of an Aries, much less the
mild-mannered and innocent Virgo. Self-acceptance is one of the first
lessons natives of this sign must learn in life. In truth, these people
are all of the wonderful things they think they are, but it’s not always
necessary to be a Superman just to prove it. Nor must they get furious
with themselves when caution or good common sense prevents them from
embarking on impulsive or risky adventures.
The Virgo-Aries can find plenty of thrills in a more
conventional framework. Big business can be extremely exciting for these
individuals since they are highly perceptive and very shrewd. Although the
Virgo personality will always be discriminating and cautious, this
combination is never afraid to assert willpower when intuition says it is
time to grasp an advantage or try a daring speculation.
Precision and perfection are the main ideals of the
Virgo-Aries, and honor and loyalty are the standards by which these
natives live. Not entirely without a sense of humor, they nevertheless
tend to take personal matters very seriously. In youth, affronts to their
dignity or pride are often met with disproportionate anger, and sometimes
with revenge. A predisposition to judging others can be severe, and mood
swings flash hot and cold. Fortunately as this Sun-Moon sign matures, many
of these unattractive traits will recede into the background. The Virgo
Sun wins out over the fiery Aires temperament; usually after encountering
some rather nasty confrontations that clash with common sense.
Endowed with keen intellect and enviable reasoning
powers, Virgo’s mental capabilities are considerable. Once these people
learn how to control that Aries temper, they make excellent corporate
executives because of their logical approach to organization and problem
solving. Virgo is blessed with refined tasted and good manners, and in
maturity, this combination eventually learns how to get subordinates to
cooperate without using tyranny. Mentally receptive, this combination
often absorbs tension and hostility from others and to maintain a cool
reserve, these individuals must learn to take time out for relaxation,
recreation and introspection.
Like all Virgos, this group will find great
satisfaction and fulfillment through hard work. Industrious and reliable,
they all combine energetic enthusiasm with thoughtfulness. However, it is
vital that their work is challenging. The restless emotional nature of the
Aries will rebel against boredom and drudgery. Members of this sign must
find a career that absorbs them even if it means giving up a high salary.
Stuck in a boring or mentally unrewarding job will
produce frustration and irritably in the Virgo-Aries and he or she will
eventually become very difficult to get along with. That hot temper, which
was probably mastered long ago may rise to the forefront again and cause
no end of problems. A bad-tempered Aries can be a handful, and undo much
of the progress the cautious and sensible Virgo has managed to accomplish.
Once again, remember that this Sun and Moon are basically in conflict.
Self-discipline in this combo will be more difficult than for most Virgos.
In love, Virgo-Aries is a champion lover, filled with
passion and sensitivity. But there is a selfish streak in this combo and
natives often think of themselves first. If they can learn to be a little
less selfish and pay more attention to their partner’s needs, they will
find romance a less rocky road to travel. Jealous rages do no make for a
happy relationship, especially if they are unfounded.
PC Basics: Backup or
Pack Up
Bay Computer Services
So you have a nice PC setup, are happily surfing the
Internet, sending emails to your friends all over the world and perhaps
keeping all your business records and contacts on your PC. Then one day
you switch the PC on and a message appears saying “Primary Hard Disk
Failure” or perhaps “Please Insert System Disk”. Then you realize
that ALL your information on your PC is gone, with very little hope of
getting it back.
Naturally, you have everything backed up, don’t you?
At this point, take your system to your local friendly PC repair man, and
hope that he will be able to recover your information (unlikely at best).
Or if you know enough yourself about hardware configuration, try to see if
you can get some life from the drive.
A hard drive is a mechanical device, with moving parts.
It WILL wear out at some stage, and all data WILL be lost.
The moving parts of the drive have to work very hard,
and will work well every day for several years, but... Listen for unusual
noises from your hard drive. This is the warning sign of ‘wear and
tear’. Back up immediately.
One cause of drive failure is a power surge resulting
from the vagaries of the local power supply and inclement weather. The
electrical circuitry on the drive can be compromised. High voltage will
take out the power supply, then the motherboard, then random devices
attached to the motherboard, including the hard drive. A surge protector,
not a UPS, affords some protection but the best defense is to turn off the
computer during a rainstorm and unplug the modem from the phone line.
Backing up data on 1.44MB floppies is not the best idea
as after a while they deteriorate and cannot be read by the computer. They
hold only a small amount of data and are really a convenient but temporary
means of transferring data from one computer to another.
If you have valuable data that you cannot afford to
lose then back it up. One method is to set up a second hard drive. Copy
all that valuable data to the second hard drive. A good quality 20GB hard
drive would cost about 3000 baht and a 40 GB hard drive a little more, but
not more than 4000 baht. Not a lot for the peace of mind!
The best (and most reliable and cheapest) method of
backup is to create your own CDs. Apart from the initial expense of a CD
writer (less than 5000 baht), the CDs themselves are extremely cheap and
can contain a very large amount of information. If you use a type of CD
called a Re-Writable (CD-RW) you can add, delete and modify the
information on the disk as many times as you want. Essentially you use it
exactly the same way you use a floppy disk, except that a single CD-RW
will contain the same amount of information as 350 floppies and is far
faster and highly reliable.
There are other devices available for data backup. One
alternative is a device about the size and shape of a gas cigarette
lighter that you carry on your key ring. It can transfer data from your PC
through its infra-red port or USB port. However, they only have a small
amount of storage space, and the next time you lose your key ring it will
be even more of a pain than normal. In the end, a CD Re-Writer offers the
best backup in terms of speed, cost and storage capacity.
If you have a problem with your PC then you can contact
us through the Pattaya Mail. Questions of general interest will be
published in the paper. E-mail: [email protected].
Coins of the Realm: Coin, medal or decoration
by Jan Olav Aamlid
President - House of the Golden Coin (http://www.thaicoins.com)
Many times I get calls from people telling me they have
a certain coin. After being given the description, I understand that the
object in question is not a coin but a medal. I explain this for the
caller, who many times will argue that this is a coin because it does not
have a loop.
Top:
Two baht coin from King Mongkut, Rama IV, with a loop put on later. Even
with the loop it is still a coin.
Middle:
This medal produced for King Chulalongkorn, Rama V’s 17th Birthday is
considered to be the first modern Thai non-monetary medal, struck in CS
1232 (1870).
Bottom:
Rajaruchi medal from King Chulalongkorn. The King gave this medal to
people close to His Majesty.
The main difference between a coin and a medal is that
a coin can be used as money for a certain amount. It does not necessarily
have a denomination written on it. In the older times, when coins were
made out of gold, silver and copper, the value of a coin was the price of
the metal.
Today some countries issue bullion coins. These coins
have a face value, but the actual value is the price of gold. Canada makes
a 50-dollar coin, which is one ounce of gold, 31.103 grams. 50 Canadian
dollars is about 1,350 baht, while a once of gold is worth close to 14,000
baht.
A few of the other modern, well known bullion coins are
the Krugerrand from South Africa, the Nugget from Australia, the Eagle
from United States and the Panda from China. All these coins have a face
value, but the actual value is much higher because of the value of gold.
Top:
Tamlung (4 baht) from King Mongkut, Rama IV was struck as a coin, but the
King gave permission for it to also be worn as a decoration. The only time
in the history of Thai Numismatics when a coin is also a decoration.
Bottom:
The first “flat” Thai coin, a one Baht from 1857 struck by the hand
operated minting machine presented by Queen Victoria to King Mongkut. The
coin does not have a written denomination, but the weight, about 15 grams,
tells us that it is a one baht. The first Thai coin with a written
denomination was issued during the reign of King Chulalongkorn, Rama V.
The reason why these bullion coins all have a face
value, but are not used as regular coins is that most countries do not
have tax or duty on coins. If they did not have a face value these bullion
coins might be considered medals and tax and duty might have to be paid
when imported and traded. A few days ago gold was traded at US$327, the
highest since October 5, 1999.
A medal is a struck object and often made to
commemorate an occasion. It might look like a coin, but it does not have a
face value. To issue a medal is easier than issuing a coin. Normally when
a country issues a coin, it has to be approved by the government or
someone appointed by the government, or sometimes several governments,
which is the case of the Euro.
The
Most Exalted Order of the White Elephant was a decoration initiated by
King Mongkut, Rama IV.
Any individual can have a medal struck, but the design
must sometimes be approved by the ones involved, as copyright for the
motif might apply. For instance, issuing a medal portraying members of the
Royal Family cannot be produced without written approval.
Medals are often made as a token of thanks or as a
prize medal. Sometimes these medals turn up for sale in the market, often
sold by another generation than the person who was awarded or won the
medal. War medals are a very popular collector’s field; another is
Olympic medals. Actually any object from the Olympics has interest for
collectors, especially from the early Olympics.
Decorations are also one object often mixed up with
coins and medals. The King, head of state or government sometimes gives a
decoration to a worthy recipient.
The decorations from different countries have different designs and
grades.
In Thailand a Tamlung of 4 baht coin was issued in 1864
to commemorate King Mongkut, Rama IV’s 60th Birthday. The coin was
issued in gold and silver. The King permitted these coins to be used as a
decoration. So when a loop is added to a coin, it can be called a
decoration, but this is only if the King has given his permission.
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