When George Bush Senior [George HW Bush] was getting his alliance together to go into Iraq - to kick the Iraqis out of Kuwait - he rang me up. I was very close to George Bush Senior; I got to know him well as Vice President to Ronald Reagan. And George rang me up and said, "Oh, Bob," he said, "I'm having trouble with Brian [Mulroney]." He said, "He's got a big wheat trade with Iraq, and he doesn't want to upset that." I said, "You leave it with me."

I rang my friend Jim Wolfensohn, who was then running a private commercial bank in New York. I said, "Come up to Vancouver", and he did. I put my proposition to him. He said, "I think it could work." I said, "Will you help us?" He said, "Yes." So, I set aside senior people in our treasury and they worked with Wolfensohn and the investment sanctions were applied. And that's what brought the regime down. The last South African Finance Minister, Barend du Plessis, went on record as saying that it was the investment sanctions that put the final nail in the coffin of apartheid.

Institutions do live on their history.

I don't know who described Mahathir [bin Mohamad] as a pillar of the Commonwealth, but they don't know what they're talking about.

The things which are most important don’t always scream the loudest.

When George Bush Senior [George HW Bush] was getting his alliance together to go into Iraq - to kick the Iraqis out of Kuwait - he rang me up. I was very close to George Bush Senior; I got to know him well as Vice President to Ronald Reagan. And George rang me up and said, "Oh, Bob," he said, "I'm having trouble with Brian [Mulroney]." He said, "He's got a big wheat trade with Iraq, and he doesn't want to upset that." I said, "You leave it with me."

I respected [Margaret Thatcher] enormously. She had great integrity in that respect.