Monday 26th July 1982
Cunard - replacement for Atlantic Conveyor
- £72 mn for BS, £38 mn for S. Korea +l Japs
and the 72 mn is after subsidies
Fudge by defence claim - but MOD says that it can get adequate auxiliaries without any need for paying - agree to offer £3 mn and negotiate. PM says must be kept in Britain
Lunch with Miguel Schweitzer + Fernando LENIZ (ex Min of Econ 74-77) [former Chilean ministers]
E(NI) on Telecom, BA, + Incomes of Chairmen etc. of NI’s. BA is broke (zero net worth) lost about £400 m since 1979 - only way to sell it is to pay off its bank debts. PM very anxious to get rid of it - pay off £300 m in return for selling it at £100 m
NI Chairmen asked for the earth (Rooke 84%)
She adopts our principle - decide whether you want them, then pay accordingly - pay by results MH’s [Michael Heseltine]