Surrounded by traditional pomp and ceremony, french President Valery Giscard D'Estaing and his wife were guests of honour at a luncheon at London's Guildhall on Thursday (24 June).
GV EXTERIOR: London Guildhall
SV: President Giscard D'Estaing and wife greeted by Lord Mayor Sir Lindsay Ring
SV INTERIOR: official party down aisle as people clap
SV: Mayor presents gift to President Giscard D'Estaing
GV: official party leaving hall (3 shots)
President Giscard D'Estaing and Mrs Giscard D'Estaing were due to visit Scotland on Friday (25 June). Next sunday and Monday (27 & 28) he is expected to be in Puerto Rico to attend and economic summit there. The summit has been convened by U.S. President Gerald Ford and will also is attended by Britain, West Germany, Italy, Japan and Canada.
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Background: Surrounded by traditional pomp and ceremony, french President Valery Giscard D'Estaing and his wife were guests of honour at a luncheon at London's Guildhall on Thursday (24 June).
SYNOPSIS: It was the third day of the president's visit to Britain. The Guildhall is in the financial heart of the city and when he arrived he was greeted by London's Lord Mayor, Sir Lindsay Ring.
The luncheon was attended by leading British bankers, industrialists and business people and their wives and husbands. The previous day (23 June) the French leader concluded two-day talks with Labour Prime Minister James Callaghan, with a major agreement aimed at developing closer co-operation between their two governments. In a joint declaration they announced that they would meet alternately in France and in Britain once a year to discuss bilateral relations and problems of common interest, notably those derived from their membership of the European Economic Community - the Common Market.
But Thursday was a day for the president to relax and meet some of Britain's citizens, and Sir Lindsay presented him with a gift as a momento of his visit. Afterwards he addre??? the gathering, saying that the first common Anglo-French objective should be to restore order in western economies. He said that the world economic crisis was now easing and Britain and Franc were emerging with renewed confidence. "We must stabilise the international monetary system, provide business concerns with the well-ordered economic and monetary environment they require, and pursue the cooperative effort already begun in defining and controlling our economic policies" he said. He went on to say that both countries should also try to concentrate more on broadening their horizons, and help developing countries as much as possible.