offer to Hong Kong have now been conveyed to them in
Cotterill's telex at Flag B.
Mr.
I have discussed them with
Mr. Marlow in TRED, who shares my view that the conditions
by and large quite favourable.
are
2.
I have also spoken with CRE 4 who will today be telegraphing
their comments on the ECGD offer to Mr. Kinnear. We will be
view
sent a copy. They take the wax that although the terms are
not in all respects quite as good as they could have wished
for purely on the grounds of the business with Hong Kong, they
nevertheless represent the best offer which could be obtained
within the limits set by overall export credit policies at the
present time. The telegram will also leave the door open
for any further representations which Mr. Kinnear may wish to make to DOT.
Good.
(J.K.
.K. Hanna)
3/x