CONFIDENT IAL
-2-
3. I SHOULD ADD, IN THIS CONNECTION, THAT WE ARE NOT AWARE IN WHAT FORM THE PROPOSAL IS NOW BEING CONSIDERED, ESPECIALLY AS TO THE TIMING INVOLVED IN THE IMPOSITION OF A TARIFF AND THE REMOVAL OF CUOTAS AND, IF QUOTAS ARE TO BE PHASED OUT, THE MEANS BY WHICH THIS WILL BE DONE, ALL OF WHICH COULD SIGNIFICANTLY AFFECT THE ANALYSIS, (FOR INSTANCE, AN OVERNIGHT SWITCH FROM QUOTAS TO A TARIFF COULD WELL PRODUCE CONFUSION AND DISRUPTION, WITH A HEAVY RUSH OF IMPORTS AT LOW PRICES, A SITUATION WHICH COULD RESULT ON PRESSURES FOR FRESH QUANTITIVE RESTRICTIONS, PERHAPS UNDER ARTICLE 3 OF THE C.T.A.). I SHOULD THEREFORE BE CRATEFUL FOR MORE PRECISE INFORMATION ON THESE VITAL POINTS WHICH, IF NECESSARY, CAN BE RESTRICTED TO
OFFICIALS.
SIR D. TRENCH
FILES:
COMMODITIES DEPT.
H.K.D.
TR.POL.D.
SIR A. SNELLING
MR. GALLAGHER
DDDDD
ง
CONFIDENT IAL