DRAFT LESZER FROM MRP V RIDLUN TO
ER HA
W
beginning
10
سم
1922
During the suurse of discussions Un
6 and 7 December about HMG's decision to retale
the existing quotas on cotton textiles from
lieng Kong and the other currently restricted
countries, you put is to us that, if the Hong Kong Government is being asked to accept that
Lanesshire now faces a new and unexpected situation,
HMG must recognise that the policy decision
introduction
to retain quotas and proceed with the imposition
(+ unexpected of the new Commonwealth tariff creates & hew/situatis
her/situati
for the Hong Kong infistry. In these circumstances, we agreed that further talks should take place Į a svemum possibilą, and in you indicated that
Ĉ there theks in-these-talks you would like to consider, in a sericus «"feaningful way, how the effects on
Hong Kong of this new policy could be ameliorated. To this end, you said that you would like the talks to cover the following possibilities:
in to
Group TV
from
Groups II
| =)
I
Modifications in the present UK/Hong Kong quota arrangements, that is to say,
1.
a once-and-for-all transfer of
yardage from fuoupo-ily Hit-and
sho)wroup=** (partly to recognise the changing pattern of the trade, and partly as compensation for the reduced competitiveness of fahries);
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