Dear Xara...

I can almost use the Bevelled Text Panel.
The Rounding smart control is the most effective part of the pattern.

The bevel is a bolt-on that introduces problems; if you make a large bevel size you see degenerate behaviour around jaggies produced by the text being "bevelled".

I include an example of this and a more pronounced example where I used a rounded box with the same fill and Text Inside with the same text and I purposely reduce the box height.


Click image for larger version. 

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Acorn