Mr Minister, Ladies and Gentlemen,

Thank you, in the first place for your kind invitation, and secondly, Mr Minister, for your kind words of introduction.

I have been told that in former years my friends, Valery Giscard d’Estaing and Henry Kissinger, have given talks at this occasion. And this reminds me of a little story which I related to Prime Minister Lee Kuan Yew. It is a true story. Earlier on this autumn, some old friends met in the house of former President Gerald Ford in Colorado, USA: Valéry Giscard, Henry Kissinger, Jerry Ford himself, Jim Callaghan from Britain, Malcolm Fraser from Australia, and myself—all of us “elder statesmen”, so to speak.

And one evening, at the end of a private conversation, Jerry Ford summed it all up by saying, “Well, obviously, we ought to agree that the world was much better run in our time of office.” Mr Lee Kuan Yew said over lunch, “And this may even have been true.”

I think Jerry Ford would have said the same thing if one more gentleman had been present, who also was out of office in the mean time. I am talking of the former British Foreign Secretary, Lord Carrington, whom I admire very much. He, I think, was the world's outstanding Foreign Secretary in the late seventies and early eighties. Earlier on this year, he gave a marvellous speech, the Alistair Buchan Memorial Lecture, in London, where he not only criticized profoundly the present political, economic, military upheaval within the Western Alliance, but beyond that demanded what he called “a positive political strategy” in dealing with the Soviet Union.