cst.ps/dr/10mp5.11
105067
CONFIDENTIAL
SHEF SECRETARY
TREAS
*
of Manning
Advice please.
this crowed with ther
TO THE
For. Secretary
- minute of
today's date to the Chancellor.
Treasury Chambers, Parliament Street SWIP 3AG
071-270 5000
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6446.
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In Muir Sp. Aderiser.
Fax 071-270 5456
The Rt Hon Douglas Hurd CBE MP
Secretary of State for Foreign & Commonwealth Affairs
Foreign & Commonwealth Office King Charles Street
London
SW1A 2AH
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9/11
8
November, 1993
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fear Douglas
SURVEY SETTLEMENT: AID WING
So
Thank you for your minute of 2 November. I am sorry you are reluctant to accept EDX's proposal, which has of course now been approved by Cabinet.
2.
He has
The Chancellor has now written to you about CDC. taken the same view on commercial borrowing as did the Prime Minister, when the issue was put to him at the time he was Chief Secretary. His letter of 5 November explains the reasons why the proposal remains unacceptable; but it also deals with other facilities
help CDC and make proposals on market testing. If all the changes proposed in his letter were fully exploited, there should be scope not only for CDC to expand its activity but also for the involvement of genuine private finance in a way that did not risk doing damage to the Government's standing in financial
markets.
3.
On that basis, I hope you can non agree to the remaining conditions attached to the Survey settlement that you would stand ready to contribute to an ESAF successor, and that there should be no reduction in planned provision for ATP. Michael Heseltine has strong feelings about ATP.
4.
I know that
Your minute also recognised that it would be possible
the 1994-95 provision in a way that showed that the Prime
to