unilaterally extended the restraint period, and took 6 per cent growth, earlier this year.
Even if the literal sense of these paragraphs could be defended, wa had to keep in mind the less friendly interpretations which some Member States might put on them. Mr Dorward was unhappy about this suggestion, but could not see any way of redrafting to meet our objections. He felt the paper should be acceptable as it stood.
5.
After further discussion it became clear that agreement could not be reached. Mr Dorward and Mr Mills therefore said they would report our views back to their colleagues for further consideration.
CRE 2/3a
24 October 1974
Di stribution:
*Mr P S Preston *Mr S L Edwords) Mr C W Roberts) Miss C H Welch)
1 G Barry
Mr B Lodge
Mr R Hart
Mr K Hanna
CRE 2
Mariffs CT, DOI FID, PCO
HKIOD, FCO
*With copy of the Hong Kong draft paper for information