Mrs Grice was the recently-appointed mortgage manager of a bank where Alec Gilroy applied for a business loan of £60,000 in 1991. Alec was setting up The Al-Phi-Bet Club with Phil Jennings and had to borrow to come up with his half. The civil conversation was a marked contrast to Alec's colourful report of the meeting to Bet, in which he labelled Mrs Grice a snotty young yuppie who was power mad.
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