CONFIDENTIAL
33238.
1
ANT EXPANSION. UNLESS YOU FEEL OTHERWISE, WE SUGGEST THAT IT WILL ACCORDINGLY BE SUFFICIENT TO GIVE BROAD GUIDANCE ONLY TO SELECTED BANKS, DRAWING ON THE MATERIAL ABOVE. IF BANKS PRESS FOR MORE DETAIL, THEY SHOULD BE ADVISED TO APPROACH YOU IF THEY ARE OFFERED SOME LARGE OR UNUSUAL TRANSACTION INVOLVING IRAN, WHEREUPON WE WOULD BE HAPPY TO ADVISE FURTHER. BUT WE ARE ANXIOUS TO AVOID SETTING UP CUMBERSOME AND DETAILED MACHINERY
SINCE IN TERRITORIES WHERE IRANIAN BUSINESS IS SOMEWHAT LIMITED, THE APPROACH IN LONDON HAS BEEN ESSENTIALLY INFORMAL AND LOW-KEY.
CARRINGTON
NNNN
DIST FILES
LORD BRIDGES
FRD
MED
HK+GD
MR EVANS
COPIES TO
MR MCINTYRE, TREASURY
MR J C MOBERLY
MR EDGLEY, BANK OF ENGLAND
MR DONALD
2
CONFIDENTIAL