Q: I'd like to ask you about the Apple Foundation for the Arts.
John Lennon: It's not for the arts! Who slipped that one on?
Paul McCartney: It's an easy way to make a film. Say that somebody wants to make a film like Andy Warhol did on the Empire State Building. Most people wouldn't want to finance it because it wouldn't be commercial. Well, if you finance it through a foundation, it doesn't have to be commercial. That's all it is.
Q: Are you giving away some sort of Beatles scholarships?
Paul McCartney: Yeah, but don't put it that way! It sounds terrible! We're just giving them away.
John Lennon: We'll see what happens.
Paul McCartney: Well, if we give one away to someone, it will be commercial in a way, too. Because, later, that someone will do another film, for us!
Q: Will Apple also be grooming new talent?
John Lennon: We hope so. Groups, actors, anything.
Q: Will you open a school in London?
Paul McCartney: Well, that's an idea. All we've got to do now is to get it set up on its feet. Then, what follows will be a natural progression.
Q: Do you plan to have scouts or representatives go out and look for new groups?
John Lennon: We'll have to find out how you do it, or how you meant to do it, and if that's the way you should do it. Then, we'll find out.
Paul McCartney: So, leave your tapes at the door as you go out!
Q: Is it possible that Apple can do anything about what's happening in radio?
John Lennon: British radio, huh?
John Lennon: Radio, yes.
Paul McCartney: That's worse!
John Lennon: Radio's worth looking into, you know. There's a lot of things to do.
Paul McCartney: At the moment, you know, we do the four things. It hasn't gone into radio yet, but it might.
Q: Are your records still banned in South Africa?
John Lennon: I believe so. Well, I mean, what do you think of South Africa?
Q: John, do you plan to write any more books?
John Lennon: I'm not planning on it, but I do have bits of paper with words on them.
Q: Do the individual members of the group have specific areas of interest in Apple?
John Lennon: Well, it might develop that way. There's nothing planned.
Q: Will it be difficult to follow up Sgt Pepper with something better?
Paul McCartney: Yes, it will be difficult all right!
John Lennon: But no more difficult than it was to do.
Paul McCartney: Oh, it'll be all right, the next one. Don't worry.
Q: When will the next record be?
Paul McCartney: I don't know.
John Lennon: We start it when we get back.
Q: How would you describe your mental state right now?
John Lennon: It depends on what you're relating it to.
Paul McCartney: Relaxed.
Q: Where are you planning to build your new recording studio?
John Lennon: It'll be in the dungeons of our office.
Q: Who's designing it?
John Lennon: Alex, from the electronics division.
Q: How many tracks will there be? Eight or 12?
John Lennon: Oh, millions. Millions. One track for each finger.
Q: Why did you choose the name Apple?
John Lennon: Why did you choose the names your kids have got?
Paul McCartney: It's just a name.
John Lennon: I mean, there's nothing to it.
Paul McCartney: A is for apple. It's very simple, you know!
John Lennon: An apple for the teacher.
Q: Will any of the three gentlemen standing next to you control the production money?
John Lennon: They will, sort of, but the final say is with us.
Q: You'll get the money?
Paul McCartney: Yeah. You see, we don't know anything about business yet, so they do it, and they're good at it. All we do is to apply common sense to it.
12.00pm, Tuesday 14 May 1968 (45 years ago)