Annex M
Letter to Mr Michael Stoney, Pergamon
AGB plc,
from Mr Geoffrey Robinson MP
Your letter of 23 May crossed with mine. I think
on reflection you would agree that the £200,000 per annum
figure is fair, especially now that we are providing in the Midlands
the office/showroom at no cost as well. This a real need for Lock.
We could be flexible on the profit percentage. The agreement does
cover Lock International and A M Lock.
Next week I shall be in Düsseldorf at Interpak
and will have a clearer idea how we are going then.
Meanwhile Australia has joined the ranks of our very
troubled distributors! They have bought Bayliss and are now in
competition with us!
29 May 1990
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