Reading 3

Read this letter which Biscuit Investments has sent to Ivan, and then answer the questions on the part opposite.

Dear Mr English;

Re: Portfolio Manager, Biscuit Investments.

I am delighted to inform you that your application to work at Biscuit Investments has been successful, and we are prepared to offer you a post as a portfolio manager in our Stock Trading department.

This post will be temporary in the first instance, with each party able to teminate with one month's notice. However, your employment contract will stipulate that within nine months, Biscuit Investments will either offer you a permanent place or dispense with your services.

As you are aware, Biscuit are an established trading house with a long history of dealing in the LSE (London Stock Exchange). We are sure that you bring the necessary skills and abilities to complement the strengths of the present team. In the first instance you will be working under the supervision of our Miss Dodd, who will help you learn the ropes. It is expected, though, that you will be able to stand on your own feet within a month, after which you will report only to Mr Barwell, the department head.

Please find enclosed a copy of the employment contract, which we require you to sign and return within a fortnight. If you have any questions, please contact our Ms. Meredith, who will be happy to assist you. May I also take this opportunity of welcoming you on board at Biscuit.

Yours cordially,

Magnus Blake M.D.