OCMIAN 3259
RESTRICTED
00 PEKIN
FM INDUS TO PEKIN
18180OZ SEP
GRS 505
Lick 166/1
RESTRICTED
FM DTI
TO IMMEDIATE PEKING
TELNO INDUS 205
OF 18180OZ SEPTEMBER 86
INFO ROUTINE BTC HONG KONG
INFO SAVING PARIS
FROM ALTY
RESTRICTED
618
TOP COPY DB.
63259 - 1
GUANGDONG NUCLEAR PROJECT: OUR INDUS 202
586
1
PARA 3 OF OUR TUR REFERRED TO POSSIBLE MEETING BETWEEN
GEC AND MMBI. I HAVE SPOKEN FURTHER TO GEC AND ECGD (NOW
RETURNED FROM SHENZHEN) ABOUT THIS.
GEC ARE NOW SEEKING A MEETING BETWEEN 23 AHD 26 SEPTEMBER.
THEY HAVE REQUESTED EMBASSY PRESENCE TO EXPLAIN HMG'S POSITION ON
USE OF ECGD SUPPORTED LOAN FOR ITEMS OF LOCAL MANUFACTURE. WE
BELIEVE IT WOULD BE HELPFUL IF YOU WERE TO ACCOMPANY GEC AND
SPEAK ON FOLLOWING LINES:
A)
HMG'S POSITION IS BASED ON MOU SIGNED WITH BANK OF
CHINA LAST JANUARY. THIS STATED EXPLICITLY THAT
ECGD WOULD SUPPORT 85 PER CENT OF VALUE OF UK
CONTENT IN GEC'S BID PLUS 85 PER CENT OF THE VALUE
OF GEC'S LOCAL COSTS UP TO A CEILING EQUIVALENT TO
15 PER CENT OF VALUE OF THE FIRM UK CONTENT OF
1
RESTRICTED