MN'S SUGGESTED CHANGES TO RS' DRAFT PREVUW MINUTES
1. 1991 : Introducing the ?review, Mr. Bramlay noted that the current
estimate for 1991 trading profit was around E8 million below budget.
This included provisions for factory closures in Pakistan
and Bangladesh, reduced profits in Zaire, a negative variance- and
provisions for redundancies in Australia, 7a-d a negative variance- in
Malaysia.
NOTES: MN said that of the E9 million or so, only E2-3 million was due
to factor@,r closures.
2. Argentina : It also included E12 million provisions
the Koner Salgado tax credits in Argentina, somq of which
might be written back in the final accounts for 1991. It was noted
That the Koner Salgado negotiations were still proceeding.
Mr. Bramlev would report to the CPC on the latest situation and
recommended negotiating stance early in November.
NOTES: 4N said thac all of the E12 million was for the Koner Salgado
tax credits.
3. NO MkNCE
Price Increases : The Chairman emphasised the need to give further
consideration to the potential for increasing prices, principally in
monopoly m;rkets, accepting that some volume Might
need to be sacrificed in the interests o! achieving higher levels of
Pr which could then provide a better base for longer-term
expansion.
5. NO CHANGE
6. NO ClkNCE
7. NO CHANGE except for last two lines insert commas after "Government"
and between "company" and "of".
8. '40 CHANGE
9. NO CHANCE
10. NO CHANGE
11. NO CHANCE
12. NOTES: M said that BDB would like to see some supportive phrase
included. 4N suggested "The CPC supported BATCo's intention to
consider the potential for further production rationalisation
and. .. ."
BDB wished to emphasise that the three main planks that made up
BATCo's strategy (leaf, Production rationalisation and ? (DJS didn't
get this one down), the C?C supported all of these.
13. NO CILMCE
Nj
14. NO CHANGE C)
15. NO CHANGE
/DJS
30th October 1991 3.30 p.m. U_
BAT Industries document for Province of British Columbia 23 April 1999