Connect with us

Business

Tom Hanks hails Edinburgh bookseller ‘hero’ for his dedication to typewriters

Tom Hanks

Tom Hanks hails Edinburgh bookseller ‘hero’ for his dedication to typewriters

An Edinburgh bookseller and Scotland’s only typewriter mechanic has been hailed a hero by Tom Hanks for his dedication to the machines.

In the summer Tom Hodges, who runs Typewronger Books in Edinburgh, sent a letter to the actor to let him know of his shop and the typewriter exhibition currently running at the National Museum of Scotland.

In his letter Hodges explained all about his life including how he became a typewriter mechanic and “geek” while living at the famous Paris bookshop Shakespeare and Company. He also included an origami dragon that he had made.

To his surprise he received a typed reply from the You’ve Got Mail star, who himself has a collection of 120 typewriters and loves to write using one.

Hodges said: “I receive letters from people all the time and they are all precious to me but it is not every day you receive one from a Hollywood legend and they call you their hero. I love all his films but I also love the fact he is such a fan of typewriters.

“It is a gorgeous letter and I am made up about it. It’s all been a bit surreal. It will be framed and have pride of place in the bookshop.”

Hanks wrote his reply on the set of the Baz Luhrmann-directed Elvis biopic in which Hanks will play the singer’s notorious manager, Colonel Tom Parker. The letter even had a reproduction Colonel Parker letterhead.

In Hanks’s missive, which endearingly has a number of typos, the actor commended Hodges for “battling against the giants to sell the best of books – and keep typewriters alive”.

He also suggested he may well drop in on Typewronger Books if he is ever in Leith.

Hodges, 35, who typed his letter to Hanks on his grandfather’s old Remington Noiseless typewriter, said he is a typewriter and independent bookshop “evangelist”.

In Typewronger Books – inspired by Hodges’s skill at making “right” defective typewriters – there is a typewriter for people to come in and use and write a letter or even the beginning of their novel.

Hodges is keen to move away from the “obsession with perfection” that has come with the advent of computers and cutting and pasting.

As for the charm of the machines, the bookseller and typewriter mechanic who has more than 100 of his own machines concluded: “I love playing with the mechanisms, but for me it is the sound and the sensation of hitting the keys of a typewriter that is magical.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

2 × 3 =

Business

DMO Issues Two FGN Savings Bonds At N1,000/unit

The Debt Management Office (DMO) has announced its Dec. issuance of two Federal Government of Nigeria (FGN) Savings Bonds at N1,000 per unit.

According to a statement by the DMO, the first offer is a two-year FGN Savings Bond due on Dec. 14, 2022, at an interest rate of 12.255 percent per annum.

The second one is a three-year FGN Savings Bond due on Dec. 14, 2025, at a 13.255 percent interest rate per annum.

It said that the opening date for the issuance of the bonds is Dec.5, the closing date is Dec. 9, the settlement date, is Dec. 14 while coupon payment dates are March 14, June 14, Sept. 14, and Dec. 14.

“They are issued at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.

“Interest is payable quarterly, while bullet repayment is made on the maturity date, ” it said.

It added that FGN savings bonds qualify as securities in which trustees can invest under the Trustee Investment Act.

“They qualify as government securities within the meaning of the Company Income Tax Act and Personal Income Tax Act for tax exemption for pension funds amongst other Investors.

“They are listed on the Nigerian Stock Exchange and qualify as liquid assets for liquidity ratio calculation for banks,” it said.

The statement said they were backed by the full faith and credit of the Federal Government of Nigeria, and charged upon the general assets of the country.

Continue Reading

Business

DMO Says It has Raised N130bn From Sukuk For Key Road Projects

The Debt Management Office (DMO) says it raised N130 billion from its N100 billion sovereign al ’Ijarah sukuk opened on November 21, 2022.

DMO, in a statement on Monday disclosed that the offer of N100 billion was “upsized to N130 billion due to the over 165 percent subscription level”.

The Sukuk is a strategic initiative that supports infrastructure development, promotes financial inclusion and deepens the domestic securities market.

Since the establishment of the initiative in September 2017, Nigeria has issued four sovereign sukuk: 2017 (N100 billion), 2018 (N100 billion), 2020 (N162.557 billion), and 2021 (N250 billion).

According to the statement, this year’s total sovereign sukuk issuance moved to N742.557 billion.

“The Debt Management Office (DMO) is pleased to inform the public of the successful conclusion of the issuance of N100 billion sovereign al ’ijarah sukuk. The offer for N100 billion opened on November 21, 2022, and was supported by wide public sensitisation to encourage subscription from diverse investors, particularly the retail investors,” the statement reads.

“The initial offer size of N100 billion was upsized to N130 billion due to the over 165 percent subscription level. The Sukuk was issued at a rental rate of 15.64 percent per annum. This brings the total sovereign sukuk issuance to N742.557 billion as at date.”

Continue Reading

Business

CBN Limits Withdrawal To N100,000 Weekly

The Central Bank of Nigeria (CBN) on Tuesday slashed the cash withdrawal by an individual to N100,000 per week by an individual.

The apex bank also fixed N500,000 as the amount a company can withdraw in a week.

By this new policy, account holders can only withdraw a maximum of N100,000 weekly through Automated Teller Machine (ATM), subject to a maximum of N20,000 daily withdrawal.

Under the new policy, which is to take effect from January 9, 2023, the maximum cash withdrawal via Point of Sale (POS) shall also be N20,000 daily.

This was contained in a circular issued by the CBN on Tuesday, signed by director of banking supervision, Haruna Mustafa and addressed to deposit money banks and other financial institutions.

According to the circular, deposit money banks and other financial institutions are also mandated to ensure that over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively, per week.

It further indicated that all cash withdrawals in excess of the stated limits will attract processing fees of 5 per cent and 10 per cent respectively.

The new policy also states that third party cheques in excess of N50,000 shall not be eligible for over the counter payment, while extant limits of N10,000,000 on clearing cheques subsist.

“Only denomination of N200 and below shall be loaded into the ATMs.

“In compelling circumstances not exceeding once a month, where cash withdrawals above the prescribed limits is required for legitimate purposes, such cash withdrawals shall not exceed N5,000,000 and N10,000,000 for individuals and corporate organisations respectively, and shall be subject to the references processing fees in (1) above, in addition to enhanced due diligence and further information requirements,” the circular stated.

Continue Reading
Advertisement

Trending