Registry No.

SECURITY CLASSIFICATION

DRAFT

LETTER

To:-

Type 1 +

From

Top Secret. Secret.

Confidential.

R. H. J. Steel, Esq.,

Telephone No. & Ext.

H.M. Treasury

Restricted.

Unclassified.

PRIVACY MARKING

.....In Confidence

Department

Copies to:

Mr. W.J. Coe,

B.O.T.

Mr. C. C. Lucas,

Treasury

Mr. O'Brien

(FPAD)

Miss Brown (AMTD)

We have received a report from

John Moreton (who arrived back in the U.K. on 22 June) on the talks which Lord Shepherd and he had with the Governor and Sir J. Cowperthwaite about financial assistance for the development of Kai Tak airport.

2.

In answer to questions about U.K. assistance for this project Lord Shepherd referred at both his opening and closing press conferences to the difficulties in the way of

direct financial assistance from the U.K.

given the present economic restrictions in

Britain; to the pressure on aid funds from more deserving countries; and to Hong Kong's

buoyant revenue. This line was received in

Hong Kong without any strong adverse public

reaction. But I do not want you to think that

because public reaction in Hong Kong was

relatively mild we can regard ourselves as off

the hook in this matter. It must be remembered that in Government circles, particularly among unofficial members of both Councils, there is a very strong feeling that the considerable

benefits we derive from control of traffic

rights at Kai Tak should be matched by some

sharing of responsibility on our part for keeping the airport up to full international standards. If we do not acknowledge and assume

some measure of responsibility, our relations

with Hong Kong on the question of the disposal if traffic rights will grow steadily more

difficult.

3. In discussions with Moreton about a possible ECGD-backed facility on the lines set out in our correspondence with ECGD (of which you have copies), Cowperthwaite rules out the possibility of steering the whole contract into

British hands on the grounds that :-

W(B)L 51-74 33

NOTHING TO BE WRITTEN IN THIS MARGIN

(a)

...

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