Sunday 9th May 1982
[opening of entry written on Saturday 8 May, later assigned to Sunday by Walters]
Chequers
Douglas Wass asked me who should be next gvr of Bank. Eddie George eventually but now too young.
Scholey not suitable - no knowledge of policy
Hadon-Cave - but no knowledge of UK. I said out edn system not suitable for producing gvrs. [Sir Philip Haddon-Cave]
Conversion - he was KEEN but gvr stopped him
Gvr was in the pockets of the fund managers
Sat next to GH [Sir Geoffrey Howe] at lunch and tried out my compensation scheme for Falklands - he said it was logical but it would be taken as a sell out - still I think my scheme is v. good.
[following written in Sunday 9 May section]
George Schultz [sic: George Shultz] at Chequers
- suggested redn [reduction] of international invest barriers through World Bank since GATT had no experience
- Trade Dept (Michael) said best thing was to consolidate and prevent deterioration in protection - but Schultz said it was best to attack
OD and War Cabinet met upstairs at Chequers.