Pembroke: Hit for six by a slow delivery

Click to follow
There was consternation at the Securities Institute charity cricket match against an Australian brokers XI in the City yesterday when the promised supply of Foster's lager failed to turn up on time. Institute officials at the Honourable Artillery Company ground quailed at the prospect of keeping the assembled Anglo-Australian securities traders happy with tea and lemonade.

This must have spurred on the Aussies, who overturned last year's defeat by scoring 122 for 8 against the institute's 118 all out in a limited overs match. Neal Blewett, the Australian high commissioner, duly presented captain Michael Wills of BZW with the shield for the Financial Ashes.

Even better for Commonwealth relations, the supply of Foster's turned up and one Australian expatriate commented on the result: 'There's no dirt in our pockets, mate.'

Adirect descendant of the lord mayor of London of 1555 is setting up two exhibitions of British commerce and culture in Moscow to coincide with the Queen's visit next month. The City of London and the British Royal Heritage exhibitions are the brainchild of Christopher Barne, whose ancestor Sir George Barne helped to establish trading links with the Russia of Ivan the Terrible.

The City of London exhibition will be Russia's first financial services trade fair. More than 4,000 Russian 'rising red stars of capitalism' will be invited. Brits interested in exhibiting should contact Mr Barne at Westminster Trading.

Whether the rich really are different to the rest of us, as F Scott Fitzgerald suggested, they certainly like to think so. Witness the creation of the High Premium Group - an association of Lloyd's names for people who 'underwrite pounds 1m or more'.

Lady Delves Broughton, on behalf of the interim committee of the group, wrote to more than 100 names yesterday outlining progress made since the inaugural meeting last June.

The group is not an action group in the current sense of the phrase, she says - more a disseminator of views. 'The committee thinks that the views of Members underwriting high premium limits have not been adequately appreciated by the Council (of Lloyd's), other authorities or the media . . .'

To reflect the problems stemming from Lloyd's, the subscription fee has been set at a mere pounds 60.

Morgan Crucible, the specialty materials group which is emerging from a choppy patch, has recruited a senior mandarin as a non- executive director. Sir Clive Whitmore recently retired as permanent secretary at the Home Office, after a career in the Civil Service that included the post of permanent secretary at the Ministry of Defence between 1983 and 1988.

He replaces Sir Frank Cooper, 71, a director of NM Rothschild and chairman of Imperial College London, who retired at the last agm.