CONFIDENTIAL
HONG KONG BEING INVOLVED IN SUCH A PROJECT MAY HINGE ON POLITICAL FACTORS. IN THESE CIRCUMSTANCES, THE UK SHOULD BE IN A STRONG POSITION FROM WHICH TO INSIST ON A BRITISH PACKAGE SINCE THE CHINESE COULD HARDLY EXPECT HONG KONG CONSUMERS TO PROVIDE THE FOREIGN EXCHANGE FOR A PROJECT OF MARGINAL ECONOMIC VALUE, SUPPLIED FROM ANYWHERE ELSE, ALTHOUGH THE ARGUMENT ITSELF IS FAR TOO CRUDE TO USE DIRECTLY WITH THE CHINESE. OF COURSE IF THE FIGURES SHOWED THAT POWER FROM CHINA WAS GOING TO BE SIGNIFICANTLY MORE EXPENSIVE THAT THAT PRODUCED LOCALLY, WE COULD NOT GO AHEAD DESPITE ANY POLITICAL ARGUMENTS IN FAVOUR.
MACLEHOSE
MINIMAL HK rqD FED JNU
A/D GUANGDONG NUCLEAR
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CONFIDENTIAL