Dd. 32855 Ed (4200)

7. The loan arrangements are purely commercial and the E.C.G.D. guarantee is being given in

accordance with normal E.C.G.D. requirements. The business has been won against international competition and disclosure of the arrangements in detail might prejudice the further commercial

negotiations currently in progress.

S

The

am submeting direct because Mr. Noreton is preoccupied with, Anglo-

Japanese Falks

сорита

S

am

however,

}

this submission to him and

to hard Shepherd's

office.

NOTHING TO BE WRITTEN IN THIS MARGIN

3

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