Select Committee on Standards and Privileges Seventh Report

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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