NOTHING TO BE WRITTEN IN THIS MARGIN

Registry No.

SECURITY CLASSIFICATION

Top Secret.

Secret.

Confidential.

Restricted.

Unclassified.

PRIVACY MARKING

In Confidence

DRAFT

LETTER

Type 1 +

To:

Mr Y K Pao

World-Wide (Shipping) Ltd

21st Floor

Prince's Building

HONG KONG

FROM

Private Secretary No 10

Telephone No. Ext.

Department

The Prime Minister has asked me to thank you for

your letter of 19 September about the growth of the

Hong Kong shipping fleet. Your estimate of the

expansion of the World-Wide Shipping Group is indeed

striking, and an example of successful enterprise

based on the British colony of Hong Kong.

As you know, officials of the British and Hong Kong

Governments have been discussing the setting up of

a new shipping register which would enable you and

other Hong Kong shipowners to transfer a substantial

proportion of your tonnage to Hong Kong. You will

also know that a UK team will shortly be going to

Hong Kong to examine in detail the conditions which

might apply to such a register. The Prime Minister

is looking forward to hearing the outcome of this

study.

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