GRS 160

IMMEDIATE

CYP CATA

CONFIDENTIAL-

INDE

HKK 164/1

DES

PA,

Y

FM PEKING 9897502 DEC

CONFIDENTIAL

TO IMMEDIATE FCO TELNO 679 OF 08 DEC AND TO HONG KONG (FOR POLITICAL ADVISER) AND B.T.C. HONG KONG (FOR MARCH).

YOUR TELNO 536: CHINESE COAL FOR THE HONG KONG POWER

STATION

(266)

1. I STRONGLY AGREE THAT AN ANNOUNCEMENT ON THE LINES PROPOSED BY COI WOULD BE PREMATURE AND PREFER THE FORMULA YOU SUGGEST. WE ARE STILL A LONG WAY FROM CONCLUDING AN AGREE- MENT WITH THE CHINESE AND IF WE SAY TOO MUCH THEY WILL FEEL THAT WE ARE TRYING TO BOUNCE THEM INTO IT.

2. I WOULD HOWEVER HAVE NO OBJECTION TO A STATEMENT TO THE EFFECT THAT ''DISCUSSIONS HAVE BEEN INITITATED WITH POTENTIAL SUPPLIERS, (NEXT THREE WORDS UNDERLINED) INCLUDING THE CHINESE''.

3.

INCIDENTALLY, PARAGRAPH 2 OF YOUR TEL RECORDS LI CH'IANG AS HAVING SPOKEN ONLY OF THE SUPPLY OF CHINESE COAL WITHOUT REFERENCE TO THE POSSIBILITY OF AN EXCHANGE DEAL:

THIS MAY SIMPLY BE DUE TO THE ISOLATION OF HIS STATEMENTS

FROM THE CONTEXT.

YOUDE.

FILES

FED

HKGD

CONFIDENTIAL

COPIES TO:

MR.EGAN

DOT

MR. FORSTER

MR.LOVE

DOT.

MR.ASHWOOD)

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