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I OUTLINED THESE TO HIM AS IN PARAGRAPH 2 OF THAT TELEGRAM. AT THE SAME TIME I MADE THE POINTS IN THE LAST TWO SENTENCES OF PARAGRAPH 6 AND IN PARAGRAPH 7 OF EXCED 00525.
3.
JONES FULLY TOOK THESE POINTS AND, FROM HIS OWN WHITEHALL EXPERIENCE, RECOGNISED THE NEED TO LET US KNOW AS SOON AS POSSIBLE WHAT WE MIGHT HAVE TO MATCH SO THAT WE CAN GIVE THOUGHT TO IT IN GOOD TIME.
Le m
HE COMMENTED THAT AMOUNT, RATE AND PERIOD SEEMED DESIGNED TO MATCH BRITISH GROUP. AS REGARDS THE INTEREST MONCTORIUM
The
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art not
mantbas 1 the Berne Amin! (mucers they have "Joined very
HE COMMENTED THAT IT LOOKED AS THOUGH THE JAPANESE WOULD OFFER AT LEAST CAPITALISATION AND PERHAPS DO BETTER. HE WONDERED WHETHER THEY COULD WAIVE INTEREST OR SUBSIDISE IT WITHOUT BREAKING THE RULES OF THE BERNE UNION. HE ALSO WONDERED HOW FAR IT WOULD BE POSSIBLE TO REDUCE INTEREST RATES BELOW SIX PERCENT WITHOUT BREAKING THE RULES. IF THERE IS ANYTHING I CAN TELL HIM ON THIS IT MIGHT BE HELPFUL SINCE THE HONG KONG GOVERNMENT MAY NOT WANT TO BE PARTY TO ANY SIGNIFICANT BREACH OF AN INTERNATIONAL CODE OF BEHAVIOUR. LORD ALDINGTON, INCIDENTALLY, HAS BEEN MAKING THE POINT SEPARATELY THAT THE JAPANESE HAVE GIVEN AN UNDERTAKING NOT TO SELL DOLLARS CHEAPLY AND THERE MIGHT BE REPERCUSSIONS IF THEY RENEGUED ON THAT.
recents).
5. JONES SAID THE JAPANESE WERE STILL TAKING THE LINE THAT THEY COULD NOT COME BELOW PRESENT INTEREST RATES UNLESS THEY DEALT WITH IT AS AID SEMICOLON THEY COULD THEN OFFER FOUR PEPCENT. HE CONFIRMED THAT FINANCIAL SECRETARY APPEARS STILL TO BE DETERMINED NOT TO BECOME A RECIPIENT OF AID, BUT I THOUGHT I DETECTED SOME HINT OF HEDGING BETS ON THIS.
16.