W(B)L 51-7406

NOTHING TO BE WRITTEN IN THIS MARGIN

.

CONFIDENTIAL

c. The postponement of a Japanese deci-

sion on Hong Kong, ie relegation to a

hypothetical second stage of inclu-

sions, will not alter the repercussions

set out in (b), above. It would

merely be a form of lingering death

with a less obvious, but no less sure

adverse effect on the American decis-

ion than a Japanese exclusion of Hong

Kong outright.

3

CONFIDENT IAL

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