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ENCOURAGED. FIRST, ILIFFE HAD TALKED OF MRS WOO HAVING ACCESS
TO US DLRS 50M OF 'SOFT' MONEY BUT HE DID NOT KNOW THE PRECISE
TERMS, ONLY THAT IT WAS AVAILABLE AT 4-5 PERCENT FOR BRITISH GOODS.
IT NOW APPEARS (AS GLEANED FROM KITLEY, ILIFFE'S BOSS) THAT THE
MONEY MAY BE SOFT FRENCH FUNDS AND, THEREFORE, HARDLY AVAILABLE
FOR BRITISH EXPORTS. SECOND, PLESSEY, THOUGH WILLING TO ATTEND
THE FIRST MEETING OF THE 'GROUP' WOULD RATHER GO THEIR OWN
WAY AND MAY SOON LEAVE ALTOGETHER. IN THE ABSENCE OF THE WOO
MILLIONS UK COMPANIES MAY TURN INSTEAD TO ATP SO WE MAY BE
FACED WITH TWO SEPARATE UK APPROACHES. PLESSEY KNOW THAT WE
WOULD PREFER A UNIFIED APPROACH BUT I FEAR THAT WE SHALL NOT BE
ABLE TO STOP THEM AND WE MAY BE CONFRONTED WITH THE PROSPECT
OF UK COMPANIES TRIPPING OVER EACH OTHER.
HOWE
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