7

CONFIDENTIAL

BRITISH OVERSEAS TRADE BOARD

DEPARTMENT OF TRADE AND INDUSTRY

1 VICTORIA STREET

LONDON SW1H OET

01-222 7877

A C Stuart Esq

Hong Kong & Indian Ocean Dept

FCO

King Charles Street

London SW1

21 November 1973

298

wl 248

Реси Pear Thadan

See

HONG KONG MASS TRANSIT

300

PA

As I explained on the telephone, the information reaching the British Group both from their own sources and through us has persuaded them that there is enough flexibility in the Hong Kong Steering Group's attitude towards the price level for it to be worth their while trying to follow the advice from the Governor and send out a team to try to put together a proper counter to the Japanese before the 2 December deadline. I am reporting this to my Secretary of State and suggesting that he might send a message to the Governor on the lines of the draft attached.

DN ROYCE

youn

R

3.

cc Mrs Boothroyd, Treasury

Mr Cotterill ECGD (without

enclosure)

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