LOAN. WHY COULD THIS NOT APPLY TO LOCAL MANUFACTURE WITH CMEC ?
CHEN CONCLUDED BY SAYING THAT HE CONSIDERED THAT GEC WERE USING
THE JVC REFUSAL TO AMEND THE LOAN AS A PRETEXT TO TERMINATE
CO-OPERATION. HE EXPRESSED REGRET AT GEC'S DECISION WHICH CAST
A SHADOW OVER THE PROSPECTS FOR FUTURE CO-OPERATION.
3. ABRAHAMS QUIETLY TOOK ISSUE WITH MANY OF THESE POINTS. THE ESSENCE OF THE PROBLEM WAS THAT CMEC HAD FAILED TO PERSUADE THE JVC TO INCLUDE LOCAL MANUFACTURE IN THE LOCAL COSTS OR IN ANY OTHER
ARRANGEMENT. THEN DREW ON YOUR 2(C) TO EXPLAIN WHY THE EQUIPMENT
LOAN COULD NOT COVER LOCAL MANUFACTURE.
4. DING JIAQH OF MMB THEN SPOKE IN MUCH MORE MODERATE TERMS AND THE
MEETING BROKE UP WITH EXPRESSIONS OF MUTUAL ESTEEM AND AN UNDER-
TAKING THAT I WOULD SEND CMEC IN WRITING A SUMMARY OF WHAT I HAD
TOLD THEM ABOUT THE LOAN CONDITIONS. THIS I SHALL DO DRAWING ON
2(A), (B) AND (C) OF TUR.
EVANS
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