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The

4. We discussed this briefly in Hong Kong at the weekend.

Governor confirmed that he remained opposed to the idea. Noone

around the table saw a strong case for agreeing to it. The

Governor asked me to check that Mr Goodlad was content with this

approach and if so to arrange for Lord Young to be told that the

joint view of HMG and the Governor was that this ingenious idea should not be pursued.

5. I recommend that we endorse the Governor's line.

If the Ministry is content we will look for a suitable

opportunity to pass the message to Lord Young.

FED agree.

"Pilekette

PF Ricketts

The Grear's pits b

2 strike

compelling

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