}
OFO 015/05
00 DO I
GR 750
DESKBY 050900Z
CCYPHER/CAT A
FM BTC HONG KONG 050835Z
NO DIST
Гордубов
DOINGS
Die TRES (2) HKK 164/1
ملا
RECOMEO ROKERY NO. 51
so kris
Do
INEX
1073
WAX OFFICER
PA
REGISTRY
Action Teken 1
No lo
a
CONFIDENTIAL
263
DESKBY 050928Z
TO IMMEDIATE D.0.1 TELNO.INDUS 144 OF 5 OCTOBER 78.
FOR NAVELOCK FROM THORNTON.
SECURITY.
1. YOUR INDUS 229. I HAVE HAD A LONG AND HELPFUL DISCUSSION WITH
GEMMILL.
2. I HAD NO DIFFICULTY IN PERSUADING HIM THAT FURTHER DISCUSSIONS
INITIATED BY HIM WITH BISCHOFF ON SECURITY RAN THE RISK OF MUDDYING WATERS, AND COULD ENCOURAGE THE LATTER TO SEE TWO ALTERNAT- IVE U.K CONTACTS LAZARDS/D.O. AND SCHRODERS/ECGD - TO PLAY OFF
AGAINST EACH OTHER. GEMMILL THEREFORE READILY ACCEPTED THAT HE
WOULD NOT RAISE THIS ISSUE AGAIN WITH BISCHOFF, THOUGH HE WOULD OF
COURSE FIELD ANY APPROACHES FROM HIM AND WOULD CONTINUE (AS I STRESSED WE WANTED) TO GIVE D.O.I THE FULL BENEFIT OF HIS ADVICE IN
THE LIGHT OF DEVELOPMENTS.
3. WE AGREED THAT IT WAS VITAL THAT HE AND DEWE-MATTHEWS KEPT CLOSELY IN TOUCH IN HONG KONG AND I WOULD BE GRATEFUL IF YOU COULD TACTFULY ENSURE THAT THE LATTER HAS CLEAR INSTRUCTIONS TO KEEP GEMMILL IN THE
PICTURE AS HE WOULD D.0.1.
4. GEMMILL IS UNREPENTANT ABOUT HAVING FLOATED THE QUESTION OF A
WORKING CAPITAL GUARANTEE OVER BISCHOFF LAST WEEK, SINCE IT REINFOR CED HIS PERSONAL DOUBT WHETHER DEWE-MATTHEWS WAS RIGHT TO BELIEVE THIS ACCEPTABLE. YOU WILL UNDERSTAND THAT IN THE PERIOD BEFORE DEWE-MATTHEWS' LETTER WAS SENT THIS WAS ALL THE CONTACT GEMMILL HAD ON SECURITY, THOUGH HE AND WE HAD EXHAUSTIVELY DISCUSSED THE QUESTION. RESULTING IN YOUR INDUS 133. (WHAT HAPPENED TO THAT