regulate and control the number of

factories to be established, I am

advised that it would be premature in

present circumstances to attempt to reach

any precise conclusions on this question.

If it is not possible to pursue with

the present applicants the possibility of

diverting their interest to Burma as a

more desirable site for their enterprise

might

there would appear to be advantages in

securing at least that any factory to be

established with British and American

capital in Hong Kong should take the form

of a single Anglo-American undertaking,

if possible with predominant British

control, rather than two separate and

competing undertakings as you appear to

contemplate at the end of the fourth

arfa

Thu

a

Shategic interests OMRI an

concconet,

paragraph of your Secret (2) despatch

(110)

of the 19th of September.

Further, it

would be, of course, in the interests of

United

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