One other thing: at the meeting in Canada, [there was] the coup in Fiji. This comes to an important part of the Commonwealth: the role of the Queen [Elizabeth II]. I had absolutely just enormous respect for her as leader of the Commonwealth. You could talk to her about any of the fifty-one countries of the Commonwealth and you could have an intelligent conversation with her about the economics, the politics. She really immersed herself in the Commonwealth.

One other thing: at the meeting in Canada, [there was] the coup in Fiji. This comes to an important part of the Commonwealth: the role of the Queen [Elizabeth II]. I had absolutely just enormous respect for her as leader of the Commonwealth. You could talk to her about any of the fifty-one countries of the Commonwealth and you could have an intelligent conversation with her about the economics, the politics. She really immersed herself in the Commonwealth.

I find a fence a very uncomfortable place to squat my bottom.

It [also] lives on its history, now, to some extent: its achievements [ of the Commonwealth] in Rhodesia and South Africa, which were enormous. And they'll live on that for some time, I guess. And there is still - I'm out of touch with it now, of course - but I still think there is a degree of cooperation at the economic level, to some extent, with the more developed countries helping the less developed. How substantial that is now, I simply am not versed.

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.

In fact, soon after that [South African sanctions], I was going on an official visit to the UK and Margaret Thatcher instructed every minister to clear the decks of any outstanding matters between us - Australia and the Brits. And she went out of her way to make sure that that was as successful a visit as it possibly could be.

Peoples have come to experience that political structures and divisions of power are not immutable. Nor will they perceive the distribution of wealth and resources between nations to be unalterably ordained by heaven and incapable of drastic rearrangement by the less than gentle manipulation of man.