(b) The precedent could be dangerous.
We.
might be faced with similar requests to ourselves when seeking traffic rights in
less developed countries.
(c) We cannot see how our arrangement of Dutch
finance (or for that matter of any
continental finance, as mentioned by Coe) could be represented as a measure of
recognition of our aviation interests in Kai Tak and have the political impact in Hong Kong that we want - unless perhaps it
were accompanied by some U.K. contribution to reduce interest charges and so provide the "favourable terms" sought by Hong Kong.
should not attempt to
hall be I am writing
5. Our conclusion is that we
pursue a deal with the Dutch. separately about other issues raised in Coe's letter and in your letter of 28th March. In this connection and notwithstanding the points made in paragraph 4(c)
above, I shall be asking you whether we should give some consideration to the possibility of raising
finance from other continental sourees,
a
I am pursuing
line of enquiry about which I hope to commel you We must continue to bear in mind the. urgently. pohtical pressures that are
6.
S
am sending
fast building up.
This letter
copes of this
Richelts Labtecross
(oe (B. Trade) and Downey (Treasury) a
to
(077),
Turner (B. of England)
Copes 65:-
NOTHING TO BE WRITTEN IN THIS MARGIN
Ause Brown (AMT) Mr. O'Brien (FPA))