(B) OTHER MAJOR DEVELOPED COUNTRIES
(1) AUSTRALIA (A) GRANT AID (8 MILLION US DOLLARS PER YEAR,
DEVOTED TO CONSULULTANCY, TRAINING AND EQUIPMENT
FOR DEVELOPMENT PROJECTS: ·
(B) SOFT LOAN (4 MILLION US DOLLARS OVER YEARS
LOW INTEREST RATE, LONG TERM)
AS PART OF A MIXED CREDIT TO FINANCE A TRANSMISSION LINE
PROJECT IN FUJIAN
(11) CANADA GRANT AID (10 MILLION US DOLLARS PER YEAR) FOR THE PROJECT-TIED TECHNOLOGY TRANSFER.
(C) (PH) SWEDEN
SOFT LOANS (3 MILLION US DOLLARS
NIL INTEREST RATE, 6 YEAR TERM: AND 10 MILLION DOLLARS (US) 2 PERCENT INTEREST RATE 8 YEARS TERM) TIED TO CONTRACTS FOR TWO DEVELOPMENT PROJECTS IN THE TIMBER/PAPER SECTOR.
(WV) JAPAN (A) GRANT AID (65 TO 6 BILLION PER YEAR)
(B) SOFT LOANS (Y 470 BILLION FROM NOW TO 1991, 3 1/4 PERCENT INTEREST RATE, 30 YEAR TERM, 10 YEAR GRACE PERIOD)
(C) TECHNICAL ASSISTANCE (Y 2 BILLION PER YEAR)
2. EC COUNTRIES OTHER THAN THOSE AT 1(A) ABOVE HAVE NOT SO FAR AGREED TO UNDERTAKE ANY FORM OF DEVELOPMENT AND ACTIVITY IN CHINA. THE FRENCH, HOWEVER, HAVE MADE IT KNOWN THAT THEY ARE CONSIDERING OFFERING CHINA MIXED CREDIT
EVANS
->
FUTURE OF HONG KONG
LIMITED
HD/HKD HD PROTOCOLD HD/FED
HD/PLANNING STAFF
HD/PUSD
DEP HD/PUSD
RESEARCH D (MR WALKER)
PS
PS/LADY YOUNG PS/MR LUCE PS/PUS
MR DEREK THOMAS
SIR W HARDING MR GOODALL MR WILSON
SIR J FREELAND
COPIES TO:-
BUCKINGHAM PALACE
PS/LORD PRESIDENT OF THE COUNCIL PS/HOME SECRETARY
PS/CHANCELLOR OF TH EXCHEQUER
PS/LORD PRIVY SEAL
PS/SECRETARY FOR TRADE & INDUSTRY
COPIES TO:- (VIA ADR)
MR ROBERTS NEWS D
MR FIFOOT LEGAL ADVISERS
MR BURROWS LEGAL ADVISERS MR POWELL NO 10 DOWNING ST.
MR INGHAM NO 10 DOWNING ST.
MR MARTIN ASST STAFF CABINET OFFICE MR CARTLEDGE CABINET OFFICE
MR COLVIN CABINET OFFICE PS/S OF S FOR DEFENCE
PS/ATTORNEY GENERAL
SIR P CRADOCK ROOM K195
SIR P CRADOCK NO 10 DOWNING ST. 2 MR KELLY TREASURY
CONFIDENTIAL