Archive (Walters MSS)

Economy: Alan Walters diary [continued to remind Middleton of need for conversion][released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/2
Editorial comments: Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 98
Themes: Monetary policy

Saturday 9th October 1982

Continued all week to remind Peter M [Peter Middleton] that we wanted a CONVERSION

Best to sell 5 year and buy 10-12 year

- we would cheapen debt by 0.8% points per £1 debt

EG [Eddie George] - said he would like to think about it

- but no action - he is probably trying to persuade Gordon Richardson

-neither have we had any word about my 10% Conventional with optional Conv to 3% index in 1987

but we had already overfunded £79 in Banking October by beginning of week

[10 October entry blank]