CONFIDENTIAL

05.

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MDHIAN

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WANG SAID THAT THE SITUATION HAD

IMPROVED CONSIDERABLY AND THANKED

LORD YOUNG FOR HIS PART IN THIS. ON THE

LATTER HE MENTIONED HIS DISCUSSIONS WITH THE FRENCH AND THE

IMPORTANCE OF FINANCIAL SUPPORT. HE RECOGNISED THAT SOFT LOANS WERE NOT AVAILABLE FOR NUCLEAR POWER STATIONS BUT HE HOPED

THAT THE BRITISH GOVERNMENT WOULD FIND SOME WAY OF PROVIDING HELP. HE EXPRESSED APPRECIATION THAT LORD YOUNG HAD FOUND A MEANS TO SEE HIM AT A TIME OF SOME DELICACY IN ANGLO/CHINESE RELATIONS. LORD YOUNG SPOKE OF THE STORMS THROUGH WHICH THESE

RELATIONS WERE CURRENTLY PASSING AND EXPRESSED THE HOPE THAT NORMAL RELATIONS WOULD BE RESTORED.

5 WANG, DAVIDSON AND STONES ARE PLEASED WITH THE WAY IT ALL WENT. IF NEWS OF THE LORD YOUNG/WANG ENCOUNTER LEAKS OUT, WE WILL TAKE THE LINE THAT IT WAS ENTIRELY ACCIDENTAL AND THAT

NO FORMAL MEETING TOOK PLACE. MEANWHILE KNOWLEDGE OF THE

MEETING SHOULD BE CONFINED TO AS SMALL AS CIRCLE AS POSSIBLE

AND NO REFERENCE MADE TO IT IN ANY DISCUSSIONS WITH THE

CHINESE OR FRENCH.

6

COMMENT. THIS WAS A DIFFICULT SITUATION TO HANDLE. WE

HAD TO AVOID SUGGESTING TO THE CHINESE THAT EVERYTHING WAS

NORMAL. WE HAD ALSO TO PROTECT LORD YOUNG FROM PRESS AND

OTHER CRITICISM YET AVOID INSULTING AN IMPORTANT CHINESE CUSTOMER. PROVIDED WANG DOES NOT TRUMPET THE FACT OF THE MEETING OR THE PRESS UNEARTH IT, WE MAY HAVE PULLED IT OFF. TIME WILL TELL.

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MAIN

8

DISTRIBUTION

8

NO DISTRIBUTION

HKD

COMED

PS/SOS, DTI VIC ST

MR DELL, DTI VIC ST

MR ADAMS, PEP, DTI VIC ST MR GOODMAN, EM4, DTI VIC ST MR MCCLAREN, FCO

MR SEATON, FCO

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