FED
3.6
CPS,
mr.for pa
75%
PS/ Belland,
CHANCELLOR O
CONFIDENTIAL
OF THE
E EXCHEQUER
PS/PUS
Mr. Liffard,
Mr. Donald, Treasury Chambers, Parliament Street, SW1P 3AG
Mr. Gillmore ниця NER
1
PRIME MINISTER
TRED),
WED'
01-233 3000
NAD
GUANGDONG NUCLEAR PROJECT
"
aspp
HRR 166/1
(59)
1611/11
See (62)
I have seen Patrick Jenkin's minute to you of 29 October, and we had some
discussion about it at your briefing meeting for the Anglo-French Summit on 1
November.
2. I agree with Patrick Jenkin that there is much to be said for trying to
reach an exclusive agreement with the French. The financial and other risks of
the project would be much less than under the American option, and there is
force in the point which Patrick Jenkin made at your meeting that a deal with
the French should make it possible to avoid a competition with them on financial
terms.
3. As things stand, we have already offered more generous terms than the
French. I also understand that at a recent OECD meeting in Paris the French
would have been prepared to accept a US proposal for banning the use of mixed
credits in relation to exports of nuclear power stations, and that the UK was the
only country which could not accept the proposal. In any discussion of financing
terms with the French I suggest our line should be that we have offered enough
concessions already and would welcome a moratorium on further concessions as
part of any Anglo/French agreement.
4.
I agree with Patrick Jenkin that we may need a collective discussion of the
financing issues after the Summit. I think such a discussion should precede any
move to start negotiating direct with the Chinese for the conventional "island".
5.
I am copying this minute to the other recipients of Patrick Jenkin's minute
of 29 October.
(G.H)
ли
4 October 1982