Lloyd's of London will today reveal plans for setting up on trust lines the giant reinsurance vehicle it hopes will rescue it from the crushing burden of old loss-making policies. Lloyd's will tell names, whose money will provide the capital for Equitas, that a trust is the best way of getting back to them any eventual profits from the reinsurance venture.

`As a series of exquisite tableaux, this could hardly be bettered, but without a stronger sense of drama, Jenufa is nothing'

JOHN EISENHAMMER

CHRISTIAN Wolmar, like the housing White Paper itself, ignores one major housing issue.

From Mr Rajiv Dogra

Council that `brought town back from the dead' splits in two amid long-running claims of impropriety. Nicholas Timmins reports

From Mr Peter Avis

Air Chief Marshal Sir Sandy Wilson, 53, resigned from the Royal Air Force yesterday after a row over a £380,000 renovation bill for his official residence.

A reconstruction of the movements of Gordon Wardell, the husband of Carol Wardell, the building society manager who was murdered by a gang who abducted her from her home to raid the Woolwich Building Society offices in Nuneaton, failed to produce anything positive, police said.

Gordon Wardell, whose wife Carol, a 38-year-old building society manageress, was kidnapped and killed by robbers three weeks ago, staged a reconstruction of his movements on the night of her death.

I WANTED to read Brando's autobiography for two reasons. First, because he agreed to do it only on condition that the receipt of several million dollars from his publisher would not oblige him to mention either his several wives or his many children (the details of their lives are of no interest to me, and I liked the idea of saving time by not having to listen to the usual half-truths and emotional self-justifications). Second, because it was unashamedly ghost-written, a once discredited process by which some of the most interesting documentation of pop culture is currently emerging.

Sir: While I cannot speak about events prior to my appointment as the National Trust's architect at Kedleston Hall in 1990, my own experience of working with the National Trust and with Lord Scarsdale since then is markedly different from the impression given by the report of Lord Scarsdale's interview on local radio ('Viscount accuses National Trust of vandalism', 11 August). I have observed first hand the extent to which the Trust's staff consult Lord Scarsdale regularly about even quite minor matters and his views are welcomed and valued.

HARTSTONE, the troubled leather goods group, is raising pounds 30m in a rights issue to restructure its balance sheet.

The Lumiere cinema in St Martin's Lane is reopening on 8 July after a four-week closure. The cinema, which is underground, had to be redecorated after water leaked into the auditorium.