matter to

ment way of past entitlement within

This could lead to a

duneet interest

-some

need. Situation where mill & has outstanding

anders, bout, mills B, C and I

whom house long since abandon my

have sill their licencem exports, and sunspl

niceire nil the available eschent entitlement. This seems to us a mallem which the Nong Kong

willen with inities have brought which themelues, and it is in to them and the tradingg

wysttim

in licensing to ensure thek the mil

are covered.

UPSWING

as

ondens

The Hong konger requested

Specihi

da

مد السيد

an

"upsuring" faciling

and swing between Categones in Group TV to

provide an opportunity of trading up in ander I offact. The reduced competitiveness of fatorics

is (Hong kong uses

in terms of nimerica!

the Terms "upswing" ascendancy of the Groups

Group III, WE IV etc).

9~p ᄑ,

Fitis

from Grows II To

We must refuse

regnest for two major reasons:

...(1) on the "equity" principle

we should be

loliped to offer the concession to all our

estricted suppliers. We

have no ministerial ло теле

uttuurity to do this, it would invoere enormno

wultations with over

70 suppliers. and

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