The transcripts of the official inquiry into the culture, practices and ethics of the press. More…

Okay. The other salient background points. This is a letter from Thomsons dated 26 January 1981 to the Secretary of State for Trade. It's our exhibit KRM10. What Thomsons were stipulating was that if there were a reference to the MMC, then the agreement would not have effect. In other words, their offer to sell would lapse. Do you agree that that was the position, and insofar as a sword of Damocles was being posed over anybody's head, that sword was being brandished by Thomson and not Mr Murdoch?

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