Chalstrey, Leonard John, Lord Mayor of London, for services to the City of London.
Craven, John Anthony, chairman of Morgan Grenfell Group, for services to banking and to the City of London.
Hann, James, CBE, for services to industry in Scotland.
Hicks, Robert, MP for Cornwall South East, for political service.
Hill, Stanley James Allen, MP for Southampton Test, for political service.
The Prime Minister's List Life Peers Hussey, Marmaduke James, former chairman, board of governors, BBC. Douglas-Hamilton, Lord James Alexander, MP for Edinburgh West and Minister of State at the Scottish Office.
Lloyd, Dame June Kathleen, DBE, Nuffield Professor of Child Health, British Postgraduate Medical Federation, London University, 1985-1992, now Emeritus Professor. Curry, David Maurice, MP for Skipton and Ripon and Minister of State at the Department of the Environment. Ardbrecknish, John Jackson Baron Mackay of, Minister of State at the Department of Social Security.
Vincent, Field Marshal Sir Richard Frederick, GBE KCB DSO, former chairman of the Military Committee, Nato. Smith, Sir Geoffrey Johnson, DL, MP for Wealden and vice-chairman of the 1922 Committee.
Howe, Richard Edward Geoffrey, Baron, of Aberavon, QC, for political service.
Bailhache, Philip Martin, Bailiff of Jersey, for services to the community in Jersey.
Barnes, James David Francis, CBE, chief executive officer Zeneca Group, for services to the pharmaceuticals industry.