explained that while, up to a certain point, credit terms would improve as the value of British goods supplied increased it was unlikely that one would be able to justify providing credit on teras matching those offered in the different circumstances pre- vailing some two years earlier.

ME FARRY

OFG

8. APRIL 1975

cc

Mr Royce Mr Bryant Miss Welch Mr Panton

OFP

OPG

CRE ECGD

RK

Mr O'Keefe Mr Kinnear Mr JD Thomas

HKIOD

FCO

Hong Kong BTC DOF I

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