development. And, as you of course know, the steel involved (costing, I am told, about half the contract price) would be a useful boost to
British steel exports.
In all the circumstances I would ask that
the need for such stringent conditions for ECGD cover of the loan is given further and
careful examination.
Since Colonel Clague has indicated an intention of making a further approach to the P.M. I am sending a copy of this letter to the Prime Minister's office for information.
Michael Palban in the
By
NOTHING TO BE WRITTEN IN THIS MARGIN