28
Sie S. Wilson
Mr.Clauson's draft approaches the
matter from the point of view of trade, and
he therefore rightly brings in such considerations
But I think
as the locking up of cil-fields.
it should rather be tackled from the public
safety point of view. After all in the Hong-Kong
case which gave rise to the whole discussion
it was the political aspect that was uppermost
in our minās.
Again I suggest that management is far
more important than control. It has never seemed
justifiable to insist on full British control and
so exclude a majority of foreign capital except
national in the case of supplies essential to the/safety.
and now that we are to give up that policy in the
vital matter of oil, it seems incongruous
to introduce it into gas and water. It is
only where there is an American octopus waiting
to grab our services that there would be any
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need to do. I have in mind the American effort
to swallow electric concerns in the East for the
benefit of the American, and to the detriment
of the British Electric industry.
I submit an alternative draft from the
public safety point of view.
12.1130
Dis J. Campbell
hay These your views?
have very fact that for Clauson approached the matter from the
The