NOTHING TO BE WRITTEN IN THIS MARGIN

W(B)L 51-7406

CONFIDENTI AL

(a)

(0)

To continue our efforts to ensure

that the USA, EEC and Japan

formally give her the benefit of

generalised preferences, even at

the price of some discriminatory

limitation of the quantity of her

exports which can benefit;

to try to prevent the common

commercial policy developing in

such a way as to impose discrimi-

natory quotas against Hong Kong.

5. Mr. Rippon was active during his recent

visits to Brussels and The Hague, in pressing

the claims of Hong Kong to be included wi thin

the UNCTAD Scheme. If a favourable result

in respect of the UNCTAD Scheme is to be

achieved for Hong Kong, it is probable that

her inclusion will need to be raised at an

early stage in negotiations, to avoid the

Six finalising their UNCTAD offer without

do as much as possible our being given a chance to medie odeihs on

behalf of Hong Kong.

Hong Kong's Reserves

6.

It is possible that Mr. Hamm will refer

to Hong Kong's reserves held in the U.K.

Mr. Rippon may wish to take the line that

the disposal of these reserves is a matter

for the Hong Kong Government to consider, in

the light of their wider responsibilities.

We should naturally be happy to discuss this

matter with thếm, should they so wish.

Hong Kong Airport and KLM

7. It is doubtful whether Mr. Hamm wi11

raise these subjects. Should he do so,

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