由此 - 14 - A B (b) C 45. Section I Section I summarises the thrust of the Article. It does not A B C mention ARY by name but refers to “a Dubai financier” in its 1st sentence. D E F G Reading the Article in the context of the Article as a whole there can be no doubt that the “financier” referred to is ARY. 46. The 2nd sentence does not expressly say that ARY is engaged in money laundering, drug trafficking and financing terrorism. But the D E F G juxtaposition of the 1st and 2nd sentences and the words “only scratches H I the surface” in relation to the action taken in London against ARY would convey to an ordinary reader that ARY was being accused of involvement H I in such activities. J J K 47. A responsible editor reading Section I would certainly wish to satisfy himself that there existed at the time of publication sufficiently L K L reliable material supporting the grave charges signalled in Section I. M M N O P Q (c) Section II 48. Section II begins the Article proper. 49. Paragraph 2 refers to the revocation on 30 August 2005 of ARY Traders associate membership in LBMA. The Article only refers to N O P Q the membership of “ARY of Dubai” being revoked. Paragraph 3 later R S apparently equates that reference with ARY personally. But, in actual fact, ARY Traders was the entity whose LBMA membership was revoked. R S Accordingly, in context, Section II must be taken to be referring to alleged T implications of the revocation of ARY Traders’ membership. I should add T U U V V