CONFIDENTIAL
047225
MDHOAN 109
EXPERIENCE.
(E) PARAGRAPH 31 AND PARAGRAPH 34. THE CHINESE MAY WELL ASK IN
WHAT YEARS YOU HAVE ENVISAGED THE CALLABLE EQUITY BEING CALLED. THERE WOULD BE ADVANTAGE IN GIVING AN INDICATION OF DATES IN THE PAPER, IF THAT REINFORCED THE ARGUMENT THAT IT IS HIGHLY UNLIKELY THAT ANY OF THE CALLABLE EQUITY WOULD BE DRAWN DOWN BEYOND MID 1997.
3. RAISING AERONAUTICAL CHARGES BY A FACTOR OF THREE IN REAL TERMS
IS CLEARLY AN ESSENTIAL PART OF THE REVENUE PROJECTIONS. AS YOU KNOW, WE HAVE SOME WAY TO GO BEFORE WE CONVINCE OTHERS, NOTABLY THE U.S THAT THESE ARE JUSTIFIED. A ROW ON THIS ISSUE WITH THE
AMERICANS WOULD OBVIOUSLY BE DAMAGING TO THE PROSPECTS OF RAISING
FINANCE FOR THE AA. THE SOONER THAT YOU CAN PROVIDE THE DEPARTMENT OF TRANSPORT WITH NEW UP-TO-DATE FIGURE, THE BETTER.
·
HURD
YYYY
ΜΑΙΝ
30
DISTRIBUTION
34
.HONG KONG AIRPORT RESTRICTED HKD
LEGAL ADVISERS//MISS BROOKS PUSD//HD
ECONOMIC ADVISERS//HD
ERD//HD
FED//HD
NEWS D//HD
PLANNERS//HD
RAD//MR WYE
PS
PS/LORD CAITHNESS
PS/PUS
SIR J COLES
MR BONE
MR BURNS
ADDITIONAL
4
SIR P CRADOCK (NO 10)
MS D CORNER CABINET OFFICE
MR ELSTON BANK OF ENGLAND
MR MCINTYRE HMT
NNNN
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