Day 078 - 26 Jan 95 - Page 67
1
2 Q. Between McDonald's and McKey, yes?
3 A. Well, McKey has always -- McKey has always given
4 McDonald's exactly what it wants but, apart from reporting
5 back at board level, McKey has been an independent company.
6
7 Q. Except that you use McDonald's headed notepaper for these
8 letters?
9 A. Only once. That has only happened once in 16 or 18
10 years, and that is all back to the balance sheet scheme
11 again.
12
13 Q. Did Keystone want to sell their shares or was that
14 something that had been agreed beforehand, that they would
15 sell out after a certain period?
16
17 MR. JUSTICE BELL: Is there a particular reason that you want to
18 put for that?
19
20 MS. STEEL: Yes, there is. I am getting at something.
21 A. No, I do not think Keystone did want to sell their
22 shares.
23
24 Q. So why did they sell their shares, do you know?
25 A. They were told to sell their shares.
26
27 Q. By McDonald's?
28 A. By McDonald's.
29
30 Q. Whose idea was it that you buy out McDonald's?
31 A. Me?
32
33 Q. Yes.
34 A. Personally?
35
36 Q. Yes.
37 A. Well, I mean, it was in the joint venture agreement.
38
39 Q. What, that eventually you would buy them out? Was there a
40 specified time period?
41 A. No.
42
43 Q. There was not?
44 A. No.
45
46 Q. You said that McDonald's turn up unannounced to the McKey
47 plant?
48 A. Quality control inspections, yes.
49
50 Q. Is that to the one in Scunthorpe as well?
51 A. Yes.
52
53 Q. Do they have free access to the whole building?
54 A. Absolutely.
55
56 Q. Would that include records?
57 A. Absolutely. Costings, management paper, any piece of
58 paper in the building.
59
60 Q. Right. If they ever wanted to look into something or refer
