Select Committee on Standards and Privileges Seventh Report

Annex P

Letter to Mr P Kerr, Hollis Industries plc,

from Mr Michael Stoney, Pergamon AGB plc


I enclose herewith a copy of a letter I have received from Michael Dunlaevy in connection with the July management accounts.

I would be grateful if you would note his comments in connection with Multiphase and ensure that these recommendations are incorporated in the September management accounts.

In addition, you should also include in the September figures:

1.   provision of £280K in respect of the reduction in the sale proceeds for Floform.

2.   provision of £200K for management fees for Geoffrey Robinson (this should be provided in the figures to 30 June 1990).

3.   provision of £118K for payment to Pergamon AGB in respect of Milthorp debts (this should also be included in the figures to 30 June 1990).

16 November 1990

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