CONFIDENTIAL

COMMERCIAL IN CONFIDENCE

-2-

In looking at them again I come back to the view I have previously expressed that what we are really seeking is a "market analyst" type of study, of a kind that the Bank is better placed to do than is the DTI. On the basis of the information and impressions we have been able to put together, my priority list of companies to be looked at would be:

Trafalgar House

Costain

Cable and Wireless

Rolls Royce

I am copying this to Nigel Whiting (FCO), Lee Dobney (Bank) and Nancy Cowie (ECGD).

Yours sincerely,

R J MEADWAY

John readwy

Encls.

dti

the department for Enterprise

Recycled Paper

888-273

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