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The paper aims to define and measure value for money (VFM) within the concept of private finance initiative (PFI), and investigate the principal factors in which opinions are formed.

Literature review of texts, published papers, and reports are used to identify relevant parameters to the research. The sources support the arguments of opinion within the paper.

PFI is still perceived by the government as the most cost effect means of procuring public infrastructure. The positive aspects of PFI are the competition generated by the concept, and improved risk management. Negative aspects include the lack of agreed formulae by all stakeholders by which to benchmark VFM, and an increasing sceptical electorate to the PFI concept of providing short and long term VFM.

By virtue of PFI being a dynamic, changing, and complex means of procurement, this research will be valid in its own right. However more up to date government policies must be consulted to take the determination of VFM in any further research.

The research and conclusions will provide add to the current debate as to the viability of PFI, with VFM the main key point as to the ongoing success of the governments strategy this method of procurement.

The paper adds, to the “VFM” drivers that have been identified by identifying principle factors in creating VFM. This will be a sound basis for the justification of VFM in PFI.

THE children's magazine was practically dead a few years ago, in fact during the war there was scarcely one worth buying, and there was a real need for something in this class. While books will always have first place, educationists and all interested in children's reading will agree that good periodical literature is a useful adjunct. On account of its regular appearance it encourages the habit of continuous reading among children who are sometimes lured away by out‐door activities in the summer, and by cinema clubs and other distractions in the winter. A good magazine, too, introduces children to a variety of subjects and types of story, thus widening their reading interests before their minds become set. It may be a vehicle for presenting current affairs in a form more suitable than in the daily papers, as has been the policy of The Children's Newspaper for nearly thirty years. A recent issue covered a variety of news calculated to interest boys and girls—a boy's journey by canoe across South America, the erection of a statue to Robin Hood (who probably comes first amongst boyhood's heroes), science news, a report on the United Nations meeting at Lake Success and an editorial on the subject, an explanation of inflation, wages and prices, a photograph of a model of the new House of Commons, articles on Jeremy Bentham, astronomy, the new constitution of Malaya, as well as other features, jokes, and snippets of information. This is good value and would doubtless enliven a current affairs lesson at school, but, as a magazine for general reading and entertainment, it is rather too serious. It is the kind of periodical that parents and well‐meaning friends think their children ought to read, but do they really read it from cover to cover, or do they only pick out the lighter bits ? As a news‐sheet of information it is excellent, but the production and layout would need to be more attractive to make it a favourite.

WHETHER the political pendulum is to swing in the direction of the Right or not in the coming year we do not know. Local electors are not the only key to national ones whatever politicians may argue. That there will be a move towards that direction is probable as our people tire of the monotonies of any government. Any change will not affect libraries greatly at present as the world problems are too pressing to allow any practical discussion of domestic ones. Our only fear is that “economy” may become a cry, which means, of course, the lopping of things which are educational, cultural and otherwise not money‐making and it is only too probable that public libraries and indeed other libraries might suffer from the modern equivalent of the Geddes axe which some are hopefully expecting. On the other hand the strength of the organizations which control wages from below is such that the disastrous “cuts” of the first Geddes experiment are not likely to be repeated. And on wages the whole of our financial tructure rests. Moreover libraries have now assumed the right to exist in adequate condition and to displace them may not be so easy as it was thirty years ago; but, nevertheless on vigilance our safety still depends. The conditions are not likely at present to be propitious to any real advance. The much‐desired new Library Bill is being drafted—and should be—but its hearing does not seem imminent; the chances of building new libraries are bleak, and even repairs are to some librarians a nightmare. Confronting all these conditions is the greatly increased use of libraries which is reflected in every kind of public, university, national and commercial library. This strengthens faith in the future in spite of the immediate prospect.

ONE MUST BEGIN with Dickens. A chapter by Christopher Hibbert in Charles Dickens, 1812–1870: centenary volume, edited by E. W. F. Tomlin, and The London of Charles Dickens, published by London Transport with aid from the Dickens Fellowship, make a similar study here superfluous; both are illustrated, the latter giving instructions for reaching surviving Dickensian buildings. Neither warns the reader of Dickens's conscious and unconscious imaginative distortion, considered in Humphrey House's The Dickens World. Dickens himself imagined Captain Cuttle hiding in Switzerland and Paul Dombey's wild waves saying ‘Paris’; ‘the association between the writing and the place of writing is so curiously strong in my mind.’ Author and character may be in two places at once. ‘I could not listen at my fireside, for five minutes to the outer noises, but it was borne into my ears that I was dead.’ (Our Mutual Friend)

This paper focuses on First Peoples Founders of for-profit entities in Australia and the role of the Indigenous Economic Development Agencies (IEDAs). We explore the challenges facing First Peoples enterprises, influenced by historical exclusion from white settler society, and the practices of the IEDAs from the perspectives of Founders and agencies.

A qualitative study utilising Indigenous Standpoint Theory and Indigenous research methods, elevating Founder perspectives, in the Yaruwu language - the Nilangany Ngarrungunil, owners of knowledge, to that of research collaborators.

The First Peoples economic landscape is continually evolving with IEDAs contributing to that evolution despite contentious identity ownership definitions. Founders secure in their own identity, are focused on self-determination and opportunities provided by IEDAs, government and corporate sector policies. However, opportunities are undermined by ongoing racism, discrimination and prevailing stereotypes leading to homogeneity, invisibility and exclusion. Founders question organisational commitments to overcoming systemic exclusion in particular their commitment to building respectful relationships and understanding First Peoples ways of working. Instead, Founders focus on building a sustainable First Peoples economic ecosystem through relationship-based practices rather than transactional reconciliation which ignores the reality of the lived experience of everyday racism.

This study extends the scholarly discourse on First Peoples for-profit enterprise success written with an Indigenous voice. We demonstrate how this Founder generation are strengthened by culture with identity infused in organisational practices underpinning their aspirations of economic self-determination.

The office of the literary paper that gave me my first job in London was hidden away in a Victorian building near Covent Garden market. You mounted a flight of Dickensian stairs and off a dark little landing were three or four small rooms. I occupied a corner of one of them, close to a black fireplace from which smoke eddied on stormy days. The single window faced east, and the sun never came through its dusty panes, even at the height of summer. In my recollections of that room the season is always winter, and the time most often late afternoon, with a fire glowing in the ugly barred grate. Such offices still exist no doubt, but there cannot be many of them left. Literary journalists to‐day are likely to work in centrally heated rooms with walls that are all window. They do not climb stairs; they use “elevators.” Progress, progress; yet I sometimes wonder if they write any better than we did in the thirties, which now seem to belong to a vanished epoch. Certainly they fill far fewer columns.

We review the literature on stress in organizational settings and, based on a model of job insecurity and emotional intelligence by Jordan, Ashkanasy and Härtel (2002), present a new model where affective responses associated with stress mediate the impact of workplace stressors on individual and organizational performance outcomes. Consistent with Jordan et al., emotional intelligence is a key moderating variable. In our model, however, the components of emotional intelligence are incorporated into the process of stress appraisal and coping. The chapter concludes with a discussion of the implications of these theoretical developments for understanding emotional and behavioral responses to workplace.

The purpose of this study is to determine if an earnings forecasting model based on factors hypothesised to result in differential profits across firms (industries) reduces model error relative to the model developed by Ou (1990). Initial research attempting to forecast earnings found that the random walk model, where current year's earnings are the prediction for next year, provides the best forecast of annual earnings (Ball and Watts 1972; Foster 1973; Beaver, Kettler, and Scholes 1970; Albrecht, Lookabill, and McKeown 1977; Brealey 1969). Ou (1990) developed an earnings forecasting model using financial statement information beyond prior years' earnings as the explanatory variables that outperformed the random walk model in predicting annual earnings.

Annalist rather than analyst, Professor Asa Briggs moves not dogmatically but deliberately through his own Music of Time series, the chronicles of broadcasting. His immense and detailed labours began in the 1950s, the first volume of this serial universe being published in 1961. The fourth, the most substantial to date, covers the period 1945–1955. Like the others it is a model of quite literal documentary history, strong on sources which range from the indispensable basic material—Cmd. 5091, 6852, 6974, 8116, 8416 and other official key papers—down to office memos and even snatches of conversation. The impression is of discreet panelled rooms and policy documents, in‐trays and loaf‐haired secretaries, all the apparatus of a living bureaucracy staffed by impeccable products of the British leadership machine creating a tradition as they go along, leaving behind them an immutable executive procedure as they move onwards, upwards or outwards from the great institution itself. Names now scarcely more than smoke trails in the memory swirl about the pages as once they swirled about the corridors, concocting reports, generating minutes, shaping paragraphs, giving material embodiment to the Corporation.