and strip-searched. Instead it took a team exist. of accountants nearly a year to dig up part of the truth about the operations of sater walker.
They found that Slater Walker may have breached Section 54 of the 1948 Companies Act by assistance for the purchase of its own shares. But the Director of Public Prosecutions is unlikely to take any action.
They also found that personal loans amounting to £1.2 million had been made Slater and former chairman Tony вискеу. In tact buckiey was advancea £500,000 after it was decided that he was leaving the group. The amazing reason for this decision was to enable him to buy shares in a company he planned to develop in order to improve the security of an earlier loan!
Water nroke the most elemenarv rues of business practice bar one empire quick. The result was that last September Slater Walker was holding onto £75m of property when was producing an income of £1.5m - less than the interest on loans with which they were financed. For its ESTHER RANCID: Finds the report on Slater Walker 'quite as obnoxious as do most of her readers.
could do that. Take over the banks and finance houses? You're talking revolution! So there will be more Lowsons, more Lonrhos and more Slaters. providing financial Acting Chairman Sir James Goldsmith who took over from Slater in October of last year, has said that there's not much chance of recovering loans from two of the directors who are in tinancial diffi culties. He said there would be no use in driving them into the ground. Capitalfor its own. asm Cares Meanwhile 17-year-old Karen Jenkinson returned to work in last week after a two week apology holiday at management's expense. The store detective was there as well. So 50 mem bers of the shop workers' union USDAW walked out. That is the only protection mey have • to get rien Jim Slater also has protection. Tiny Rowland, cowboy boss of Lonrho, declared: I don't like to sce a man like Jim go under chance with us helping him. I believe nel get to me top agam Implications of this these horror at the very idea.
ship, and so the DeCOme violent denunciations.
Dowenu avnamic uniting Open the books? Only the workers Yet it sectarlan one is on banners he will get a second march. all throuch the campaign, and serious IS militants should think seriously about the Over the past 18 months, substantial UnIOnISM sections of IS's more experienced members have been replaced mainly by raw and OnLY inexperienced militants such as the young workers recruited on the march. The IS pay virtually no attention to politically educatrecruits indeed march indicated that the S are stricken This means that there is a small and decreasino number or mccle coure wid mediate between the base and the leaderleadership inevitably increasincl paranoid threat to their base posed by other left groups. This reduces any serious political attitude to other left groups to a string o And so the IS is at present racked by a Deason's towards sectarianism and bureaucratism. This also explains why the IS feels obliged to organise stunts like ly the Right to Work march, whose useful potential is negated by IS's morbid fear of they have political with. This is the fundamenta reason for ine soman trade union banner on the march, this is why they want "military control', and this is fully in the tractions or corrupt social democracy anc Stalinism, and not principled revolutionary Marxism - JOHN SMITH (Bristol).
1 am not a leading member of the Inter national Socialists or the Right to Work Campaion though I am a member or is ant dare say it) i also support ine night to Ine Work Campaign. For a left-wing group who are alwavs attacking sectarianism, I musi say that in the past few weeks I have reac so much sectarian back biting by the IMG against IS as to make my blood run cold.
As vou wil see live in barlineton. we in Darlington tend to support all IMG meetings and they support us. But I wonder if our MG irenes would suopon us cure s( consistently if Socialist Worker found s little else of interest to print that they spent a few weeks just vilifying the IMG? Yo can bet we'd have lost their support long is IS who are classed as The article on the Right to Work March is just another chance for the IMG to have a go about Is. You seem to nave purposel miseducated your readers on a good many points. However to me the most important The darrow marchers had women march ing separately and at the back of the march win men own banners. me Ma scene wanted the same of the Right to Work Have we got leprosy? Or con you nink unar women nave lie sarit members of the IMG you automatically have a more sophisticated grasp of trade - intematonansm and sexua politics. Members of IS apparently suffer from some sort of brain defect from which verbiage which Rec - He labonous weekly cnurns out in the name or polemics my experience IS members stand oniy too weir me Dollies oF me VE and reject them. And | would prefer the vigour of some of the voune marcners. wnose derance brougn heart to the unemployed all over England, pedants of your editorial page - DAVID WIDGERY [Islington].
Far from 'using' it, this is the first time we have been made aware of the issue of the IS Gay Group'. we merely rebored vont refusal of a request by the All London Gay Workers to carry their banner on the march [19 August] and subsequent/ commented on actual decision on march to exclude gay banners. - COUNS Further letters on the issues raised by the Right to Work March are welcomed by the editors. Please keep them as brief as possible.
separate banner or contingent?
The idea of the Right to Work banners is because we are all members of one class workinG class. ano as suCH We all march under one banner. United we stand and all that. As a housewife I was really delantee artne decIsion -Inal wome should march as comrades with us all under the Right to Work banners. course race union banners were arowec to show that employed (at work) people supported those of us fighting Right to Work As to vour other points, well l am sure you will get plenty of replies to the article Besides which, to be frank 1 am sickened oy me lo basmine indulged in by the ImG that im beginning to eye ery more even have ar Many more. I know we have oul aiterences, but a deliberate policy to anime, especially rid local brain so s seems ridiculous in the and MG can work so well togetner It seems a little bit like sour grapes on the part of IMG, and it seems a pity they just can't accept that the Right to Work thing was a success and will continue to be so and help us working class to build a MOVemen
RED WEEKLY 23 State