CONFIDENTIAL
2
IF THE REPORT IS TRUE IT PRESUMABLY ERNST'S IRRITATION AT OUR
UNWILLINGNESS TO BE STAMPEDED AND OUR INSISTENCE ON THE E E C
MAKING A CASE. THIS REINFORCES MY VIEW THAT WE HAVE LITTLE TO GAIN
AND POSSIBLY MUCH TO LOSE IF WE AGREE TO PREMATURE NEGOTIATIONS.
1
( F C O PLS PASS ROUTINE TO ALL)
SIR D. TRENCH
REPEATED AS REQUESTED/
INTERNATIONAL TRADE DISTRIBUTION
HONG KONG DEPT.
COMMODITIES DEPT.
F.E.D.
AMERICAN DEPT.
W. EUR. DEPT.
ADDITIONAL DISTRIBUTION
HONG KONG: INTERNATIONAL TRADE
·
CONFIDENTIAL
COPIES TO:
MR. D.1. DUNNETT, B.O.T.
MR. A.T. GREGORY, MINTECH.