CONFIDENTIAL
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PS
Mr Archer has now given me an account of his talk with
Mr Lee. The latter said that of Mr Y K Pao's present 6 million
tons "about 80% already had British Masters and British First
Officers". If this is so it means that Mr Y K Fao alone is in
a position to transfer a substantial amount of shipping to a
Hong Kong register in accordance with the latest DTI offer
without even the need to insist on the right to do without
British First Officers. I promised to let the Governor know
this without revealing the source and have sent him the attached
telegram.
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CONFIDENTIAL
Very breaking
Kun hiffo 17