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TMR 0070

File: /afs/cs.cmu.edu/project/cmt-15/pangloss/mikro/TMR/ejv0070.tmr
Primary Author: Ralf Brown 
Last Edit: October 24 1994 Donalee Attardo

November 1993

 880208-0070 

Headline:	International Corporate Report: BHP Announces Sale of Some
		Domestic Products


***********************************************

last-modified: Feb-02-94 DA

TMR_0070
	speech_act		statement_1
	heads			%say_1 %receive_1 %raise_1
				%announce_1 %plan_1 %buy_1 %plan_2 %buy_2
				%reduce_1 %buy_3 %own_1 %borrow_1 %sell_1
				%finance_1 %say_2 %sell_2 %create_1
				%say_3 %sell_3 %sell_4 %say_4 %consider_1
				%sell_5
	stylistic-factors	style_1
	time-relations	temp-rel_1 temp-rel_2 temp-rel_3 temp-rel_4
				temp-rel_5 temp-rel_6 temp-rel_7 temp-rel_8
				temp-rel_9 temp-rel_10 temp-rel_11 temp-rel_12
				temp-rel_13 temp-rel_14 temp-rel_15 temp-rel_16
				temp-rel_17 temp-rel_18 temp-rel_19 temp-rel_20
				temp-rel_21 temp-rel_22 temp-rel_23 temp-rel_24
				temp-rel_25 temp-rel_26
	attitudes		attitude_0 attitude_1 attitude_2 attitude_3
				attitude_4 attitude_5 attitude_6 attitude_7
				attitude_8 attitude_9 attitude_10 attitude_224
				attitude_11 attitude_12 attitude_13
				attitude_14 attitude_15 attitude_16
				attitude_17 attitude_18 attitude_19
				attitude_20 attitude_21 attitude_22
				attitude_23 attitude_24 
				attitude_200 attitude_221
	focus
	coreferences		(%company_1 %company_2 %company_3
				 %company_4 %company_5 %company_6
				 %company_7 %company_8 %company_9
				 %company_10 %company_11 %company_12
				 %company_13 %company_14 %company_15
				 %company_16 %company_17 %company_18
 				 %company_19 %company_50 %company_51
				 %company_52) 

			(%company_20 %company_21)
						(%share_1 %share_2)
	domain-relations	domain-relx_1 domain-rel_2
				domain-rel_3 domain-rel_4
				domain-rel_5
	textual-relations

***********************************************

last-modified: Dec-09-93 RB

;; Speech Act

statement_1
	scope		(set %say_1 %receive_1 %raise_1
			%announce_1 %plan_1 %buy_1 %plan_2 %buy_2
			%reduce_1 %buy_3 %own_1 %borrow_1 %sell_1
			%finance_1 %say_2 %sell_2 %create_1
			%say_3 %sell_3 %sell_4 %say_4 %consider_1
			%sell_5)
	speaker		*author*
	hearer		*reader*
	time		time_0
	source
	location
	relation
	attitude	attitude_0

time_0
	instance-of	*time
	type		*date
	date		880208		; revealed in article's dateline
	day		"Monday"	; computed

attitude_0
	type		epistemic
	value		1
	attribution	*author*
	scope		TMR_0070
	time		time_0

***********************************************

last-modified: Feb-01-94 DA

;; Stylistic Factors

style_1
	formality	.5
	respect		.5
	politeness	.5
	simplicity	.5
	color		.5
	force		.5
	directness	.5

***********************************************

last-modified: June-28-94 DA

;; "BROKEN HILL PROPRIETARY CO., Australia's biggest company, said it
;; soon will receive 133 million Australian dollars ($94.7 million)
;; from the sale of domestic assets as part of an effort to raise at
;; least one billion dollars from sales of "nonstrategic" holdings."

;;---------------------------------------------

;; "Broken Hill Proprietary Co. said ..."

%say_1
	agent		%company_1
	theme		%receive_1
	time	time_1
	aspect		aspect_1
	attitude	attitude_1
	polarity	positive

%company_1
	name		"Broken Hill Proprietary Co."
	size		>1           ;;needs a set notation

;;-------------

;; "Australia's biggest company..."

%set_10
        instance_of     *set
        member-type     %company_100
        cardinality     1
	complete	yes

;; This defines the members of the set which are bigger than 
;; BHP (there are none).

%company_100
        instance_of     *company
	cardinality	0
        size            quantifier-rel_1


;; This defines the quantifier relationship between the other members of the
;; set and BHP.

quantifier-rel_1
        type    >
                arg-1   %company_100
                arg-2   %company_1

time_1
	absolute-time	{recent past}

aspect_1
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_1
	type		epistemic
	value		1
	scope		%receive_1 
	attribution	*author*
	time		time_1

;;---------------------------------------------

;; "...it soon will receive 133 million Australian dollars from the sale
;;  [gloss: from selling] of domestic assets.......as part of an effort 
;;  to raise... [gloss: for the purpose of %raise_1--also see attitude of
;;  VOLITION]

;; "from" cues domain relation of RESULT.

domain-rel_5
	type	result
				arg-1	%receive_1
				arg-2	%sell_1


%receive_1
	beneficiary	%company_2
	theme		%money_1
	source		%sell_1
	purpose		%raise_1
	time	time_2
	aspect		aspect_2
	attitude	(set attitude_2 attitude_200)
	polarity	positive

%money_1
	unit	    AUD
	quantity    133,000,000


time_2
	absolute-time   {near future}

aspect_2
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_2
	type		epistemic
	value		1
	scope		(set %receive_1 %sell_1)
	attribution	*author*
	time		time_

attitude_200
	type		expectation
	value		1
	scope		%receive_1
	attribution	*author*
	time		time_

%sell_1
	agent		%company_3
	theme		%asset_1
	time	time_21
	aspect		aspect_21
	attitude	attitude_21
	polarity	positive

time_21
	absolute-time   {near future}

aspect_21
	phase		end
	iteration	single
	duration	momentary
	telicity	true

%asset_1
	location	$Australia 	;; "domestic assets"
	cardinality     >1

;; "... to raise at least one billion dollars from sales of "nonstrategic"
;; holdings"

%raise_1
	agent		%company_5
	theme		%money_2
	source		%sell_2			
	time	time_4
	aspect		aspect_4
	attitude	attitude_4
	polarity	positive

%money_2
      	unit		AUD	; or is it USD?
	quantity	>= 1,000,000,000


time_4
	absolute-time	{future}

aspect_4
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_4
	type		volition
	value		1
	scope		%raise_1
	attribution	*author*
	time		time_
	

;; gloss: the purpose of selling domestic assets is to raise one billion
;; dollars.

domain-rel_3
	type		purpose
					arg-1	%sell_1
					arg-2	%raise_1

%sell_2
	agent		%company_6
	theme		%asset_2
	time	time_22
	aspect		aspect_22
	polarity	positive

time_21
	absolute-time   {near future}

aspect_22
	phase		end
	iteration	single
	duration	momentary
	telicity	true

%asset_2
	prominence <.5
	cardinality >1
	
***********************************************

last-modified: Mar-24-94 DA

;; "The sales are part of a restructuring announced in January under
;; which BHP plans to buy 19% of its shares from Robert Holmes a Court
;; and cancel that stake, cutting the financier's BHP stake to 10%, and
;; to take a half interest in a unit of Elders IXL Ltd. that owns 18%
;; of BHP."

;;---------------------------------------------

;; "The sales are part of a restructuring announced in January ..."
;;    -> BHP announced a restructuring in January
;;	 the restructuring includes sales

%announce_1
	agent		%company_7
	theme		%restructure_1
	time	time_6
	aspect		aspect_6
	attitude	attitude_6
	polarity	positive

time_6
	absolute-time	01-??-88

aspect_6
	phase		begin
	iteration	single
	duration	momentary
	telicity	true

attitude_6
	type		epistemic
	value		1
	scope		%announce_1 
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... BHP plans ..."

%plan_1
	agent		%company_8
	theme		(set %buy_1 %buy_3)
	time	time_7
	aspect		aspect_7
	attitude	attitude_7
	polarity	positive

time_7
	absolute-time	{future}

aspect_7
	phase		continue
	iteration	single
	duration	momentary
	telicity	true

attitude_7
	type		epistemic
	value		1
	scope		%plan_1
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... to buy 19% of its shares from Robert Holmes a Court ..."

%buy_1
	agent		%company_9
	theme		%share_1
	source		%company_20
	time	time_8
	aspect		aspect_8
	attitude	attitude_8
	polarity	positive

%share_1
	multiple	.19

%company_20
	name	 "Robert Holmes a Court"
	
time_8
	absolute-time	{future}

aspect_8
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_8
	type		epistemic
	value		1
	scope		%buy_1
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... and cancel that stake..."
;;     -> BHP plans to cancel Robert Holmes a Court's 19% stake in BHP

;;  BHP plans ...

%plan_2
	agent		%company_10
	theme		%buy_2
	time	time_9
	aspect		aspect_9
	attitude	attitude_9
	polarity	positive

time_9
	absolute-time	{future}

aspect_9
	phase		continue
	iteration	single
	duration	momentary
	telicity	true

attitude_9
	type		epistemic
	value		1
	scope		%buy_2 
	attribution	*author*
	time		time_

;;---------------------------------------------

;; ... to cancel Robert Holmes a Court's 19% stake in BHP
;;	-> BHP will buy RHaC's 19% holdings in BHP

%buy_2
	agent		%company_11
	theme		%share_2
	time	time_10
	aspect		aspect_10
	attitude	attitude_10
	polarity	positive

time_10
	absolute-time	{future}

aspect_10
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_10
	type		epistemic
	value		1
	scope		%reduce_1
	attribution	*author*
	time		time_

;;---------------------------------------------

;; the above purchase causes the reduction below

domain-rel_1
        type    volitional
                                arg-1          %buy_2
                                arg-2          %reduce_1

;;---------------------------------------------

;; "... cutting the financier's BHP stake to 10% ..."
;;	-> the above purchase reduces Robert Holmes a Court's stake in BHP
;;	   to 10%

%reduce_1
	agent		%company_12
	theme		%investment_1
	time	time_11
	aspect		aspect_11
	attitude	attitude_11
	polarity	positive

%investment_1
	investor	%company_21		;;this is a new one Feb-02-94 DA
        multiple	.10

time_11
	absolute-time	{future}

aspect_11
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_11
	type		epistemic
	value		1
	scope		%reduce_1 
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... and to take a half interest in a unit of Elders IXL Ltd. ..."
;;   -> BHP will take (buy) a half interest in a unit of Elders

%buy_3
	agent		%company_13
	theme		%share_3
	time	time_12
	aspect		aspect_12
	attitude	attitude_12
	polarity	positive
	
%share_3
	name 		"Elders IXL Ltd."		;; this is new Feb-01-94 DA
	multiple	.5
	

time_12
	absolute-time	{future}

aspect_12
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_12
	type		epistemic
	value		1
	scope		%buy_3
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... that owns 18% of BHP."
;;	-> Elders IXL Ltd. owns 18% of BHP
;;	   (possibly it is the unspecified unit that owns the stock)

%own_1
	agent		%company_30
	theme		%share_4
	time	time_13
	aspect		aspect_13
	attitude	attitude_13
	polarity	positive

%company_30
	name 		"Elders IXL Ltd."
	
%share_4
	name		"Broken Hill Proprietary Co., Inc."
	multiple	.18
		
time_13
	absolute-time	{present}

aspect_13
	phase		continuous
	iteration	single
	duration	prolonged
	telicity	false

attitude_13
	type		epistemic
	value		1
	scope		%own_1
	attribution	*author*
	time		time_

***********************************************

last-modified: Feb-01-94  DA

;; "BHP will have to borrow money and sell assets to finance the plan."
;;---------------------------------------------

;; "BHP will have to borrow money and sell assets..."

;; BHP will have to borrow money

%borrow_1
	agent		%company_14
	theme		%money_3
	time	time_14
	aspect		aspect_14
	attitude	attitude_14
	polarity	positive

%money_3
	currency	*unknown*
	cardinality	*unknown*

time_14
	absolute-time	{future}

aspect_14
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_14
	type		deontic
	value		1
	scope		%borrow_1
	attribution	*author*
	time		time_

;;---------------------------------------------

;; BHP will have to sell assets



%sell_1
	agent		%company_15
	theme		%asset_4
	time	time_15
	aspect		aspect_15
	attitude	attitude_15
	polarity	positive

%asset_4
	cardinality	*unknown*

time_15
	absolute-time	{future}

aspect_15
	phase		end
	iteration	single
	duration	momentary
	telicity	true


attitude_15
	type		deontic
	value		1
	scope		%sell_1
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... to finance the plan."

domain-rel_2
	type enablement
		arg-1		(set %borrow_1 %sell_1)
		arg-2		%finance_1

%finance_1
	agent		%company_16
	theme		%buy_2		; the "plan" is to buy stock
	time	time_16
	aspect		aspect_16
	attitude	attitude_16
	polarity	positive

time_16
	absolute-time	{future}

aspect_16
	phase		begin
	iteration	single
	duration	momentary
	telicity	true

attitude_16
	type		epistemic
	value		1
	scope		%finance_1
	attribution	*author*
	time		time_

***********************************************

last-modified: Feb-01-94  DA

;; "BHP said it has sold its 50% stake in Hydrocarbon Products Pty.
;; Ltd. to Monsanto Co. of the U.S., which had been the joint-venture
;; partner."

;;---------------------------------------------

;; "BHP said ..."

%say_2
	agent		%company_17
	theme		%sell_2
	time	time_17
	aspect		aspect_17
	attitude	attitude_17
	polarity	positive

time_17
	absolute-time	{recent past}

aspect_17
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_17
	type		epistemic
	value		1
	scope		%say_2 
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... it has sold its 50% stake in Hydrocarbon Products Pty. Ltd. to
;;  Monsanto Co. of the U.S., ..."

%sell_2
	agent		%company_18
	theme		%investment_2
	destination	%company_40
	time	time_18
	aspect		aspect_18
	attitude	attitude_18
	polarity	positive

%company_40
	name		"Monsanto Co."
	location	$"United States"
	
%investment_2
	name		"Hydrocarbon Products Pty. Ltd."
	multiple	.50
	
time_18
	absolute-time	{past}

aspect_18
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_18
	type		epistemic
	value		1
	scope		%sell_2	
	attribution	*author*
	time		time_

;;---------------------------------------------

;; "... which had been the joint-venture partner."
;;    -> BHP and Monsanto formed the joint venture Hydrocarbon Products
;;	(but BHP is the focus)

%create_1
	agent		set_1
	theme		%tie-up_1
	time	time_19
	aspect		aspect_19
	attitude	attitude_19
	polarity	positive
	
set_1
	member-type *company
    	cardinality	= 2
	elements	(set "Broken Hill Proprietary Co., Inc." "Monsanto")
	focus		"Broken Hill Proprietary Co., Inc."


%tie-up_1
	name	"Hydrocarbon Products"

time_19
	absolute-time	{past}

aspect_19
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_19
	type		epistemic
	value		1
	scope		%create_1
	attribution	*author*
	time		time_

***********************************************

last-modified: June-20-94  DA

;; "It said it is selling its 20% stake in the Worsley alumina venture
;; to Hydro Aluminium of Norway."

;;---------------------------------------------

;; "It said ..."

%say_1
	agent		%company_19
	theme		%sell_3
	time	time_20
	aspect		aspect_20
	attitude	attitude_20
	polarity	positive

time_20
	absolute-time	{recent past}

aspect_20
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_20
	type		epistemic
	value		1
	scope		%say_1
	attribution	%company_19
	time		time_20

;;---------------------------------------------

;; "... it is selling its 20% stake in the Worsley alumina venture to Hydro
;;  Aluminum of Norway."

%sell_3
	agent		%company_50
	theme		%investment_3
	destination 	%company_60
	time	time_21
	aspect		aspect_21
	attitude	attitude_21
	polarity	positive

%company_60
	name 		"Hydro Aluminum of Norway"

%investment_3		; venture
	name		"Worsley"
	type		%alumina_1
	multiple	.20

time_21
	absolute-time	{future}

aspect_21
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_21
	type		epistemic
	value		1
	scope		%say_3
	attribution	%company_50
	time		time_

***********************************************

last-modified:June-21-94  DA

;; "It also is selling a 39% stake in the Thalanga copper and lead
;; prospect and its oil and natural-gas interests in the Surat Basin,
;; both in the state of Queensland, to unidentified buyers."

;; addition relation cued by "also"

domain-rel_4
	type		addition
					arg-1	%sell_3
					arg-2	%sell_4


%sell_4
	agent		%company_51
	theme		(set %investment_4 %interest_5)
	destination	set_2
	time	time_22
	aspect		aspect_22
	attitude	(set attitude_22 attitude_221)
	polarity	positive

%investment_4
	type		set_20

set_10
	instance-of	*set
	cardinality	2
	elements	(set *copper *lead)
	location	$"Surat Basin"

%interest_5
	name 		"Thalanga"
	multiple	.39
	type		set_10

set_20
	instance-of	*set
	cardinality	2
	elements	(set *oil *natural-gas)
	
set_2					; "unidentified buyers"
	instance-of 	*set
	cardinality	> 1
	member-type	%buyer_1
	members		*unknown*

time_22
	absolute-time	{present--future}

aspect_22
	phase		end
	iteration	single
	duration	momentary
	telicity	true


attitude_22
	type		epistemic
	value		1
	scope		%sell_4
	attribution	*author*
	time		time_22

attitude_221
	type 		saliency
	value		1
	attribuion	*author*
	scope		%set_20.cardinality

***********************************************

last-modified: June-20-94 DA

;; "BHP's managing director, Brian Loton, said the company is
;; considering selling its 61% holding in Rheem Australia Ltd., a maker
;; of appliances and packaging."

;;---------------------------------------------

;; "BHP's managing director, Brian Loton, said ..."

%say_4
	agent		%person_1
	theme		%sell_5
	time	time_23
	aspect		aspect_23
	attitude	attitude_23
	polarity	positive

%person_1
	name		"Brian Loton"
	employee-of	%company_52
	job-title	$"managing director"

time_23
	absolute-time	{recent past}

aspect_23
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_23
	type		epistemic
	value		1
	scope		%say_4
	attribution	%person_1
	time		time_23

;;---------------------------------------------

;; "... the company is considering ..."
;; (see attitude of volition)

;; "... selling its 61% holding in Rheem Australia Ltd., a maker of
;; appliances and packaging."

%sell_5
	agent		%company_55
	theme		%investment_5
	time	time_25
	aspect		aspect_25
	attitude	attitude_24
	polarity	positive

%investment_5
	name 		%company_99
	multiple 	.61

%company_99
	name		"Rheem Australia Ltd."
	product		(set *appliance  *packaging)

time_25
	absolute-time	{future}

aspect_25
	phase		end
	iteration	single
	duration	momentary
	telicity	true

attitude_24
	type		volition
	value		.8
	scope		%sell_5
	attribution	%company_55
	time		time_23

***********************************************

last-modified: Dec-09-93 RB

;; Time Relations

;; BHP made its statement before the article was written

temp-rel_1
	type	after
	arg-1	time_0
	arg-2	time_1

;; BHP will receive the money after it made its statement

temp-rel_2
	type	after
	arg-1	time_2
	arg-2	time_1

;; BHP is making the attempt at the time of writing

temp-rel_3
	type	at
	arg-1	time_3
	arg-2	time_0

;; BHP wants to raise funds at the time of writing and in the future

temp-rel_4
	type	at
	arg-1	time_4
	arg-2	time_0

;; since the sale is part of the effort, the sale takes place during the effort

temp-rel_5
	type	during
	arg-1	time_5
	arg-2	time_3

;; BHP announced the restructuring previously

temp-rel_6
	type	after
	arg-1	time_1
	arg-2	time_6

;; BHP plans ... after the statement is made

temp-rel_7
	type	after
	arg-1	time_7
	arg-2	time_1

;; BHP will be buying shares after the statement is made

temp-rel_8
	type	after
	arg-1	time_8
	arg-2	time_1

;; BHP plans ... after the statement is made

temp-rel_9
	type	after
	arg-1	time_9
	arg-2	time_1

;; BHP will cancel its stake when it completes buying the shares

temp-rel_10
	type	at
	arg-1	time_10
	arg-2	time_8

;; the purchase will reduce RHaC's stake in BHP

temp-rel_11
	type	after
	arg-1	time_11
	arg-2	time_8

;; BHP will take a half interest in Elders some time after the statement

temp-rel_12
	type	after
	arg-1	time_12
	arg-2	time_1

;; Elders owns 18% of BHP at the time of the BHP statement (or maybe at the
;;  time of writing?)

temp-rel_13
	type	at
	arg-1	time_13
	arg-2	time_1

;; BHP will have to borrow money after the statement is made

temp-rel_14
	type	after
	arg-1	time_14
	arg-2	time_1

;; BHP will have to sell assets after the statement is made

temp-rel_15
	type	after
	arg-1	time_15
	arg-2	time_1

;; once the money is raised (through sales and borrowing), the plan can be
;; financed

temp-rel_16
	type	after
	arg-1	time_16
	arg-2	time_14

temp-rel_17
	type	after
	arg-1	time_16
	arg-2	time_15

;; BHP said.... before the article was written

temp-rel_18
	type	after
	arg-1	time_0
	arg-2	time_17

;; BHP sold its stake before the announcement

temp-rel_19
	type	after
	arg-1	time_17
	arg-2	time_18

;; BHP and Monsanto formed the joint venture before BHP sold its stake

temp-rel_20
	type	after
	arg-1	time_18
	arg-2	time_19

;; BHP said.... before the article was written

temp-rel_21
	type	after
	arg-1	time_0
	arg-2	time_20

;; BHP will be selling its stake in Worsley after its announcement

temp-rel_22
	type	after
	arg-1	time_21
	arg-2	time_20

;; BHP will sell its stake in Thalanga after its announcement ("is selling"
;;	means it hasn't sold it yet)

temp-rel_23
	type	after
	arg-1	time_22
	arg-2	time_20

;; Brian Loton said.... before the article was written

temp-rel_24
	type	after
	arg-1	time_0
	arg-2	time_23

;; the company is considering at the time of Brian Loton's statement

temp-rel_25
	type	at
	arg-1	time_24
	arg-2	time_23

;; if it actually decides so, the company will sell its Rheem holdings after
;; Loton's statement

temp-rel_26
	type	after
	arg-1	time_25
	arg-2	time_23

***********************************************


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