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+THIS FORMALISATION HAS STRENGTHENED OUR ABILITY TO RESIST ALL PROPOSALS FOR INCREASES IN AIR CARGO RATES UNTIL THE ISSUE OF A MORE REALISTIC EXCHANGE RATE HAS BEEN SETTLED, MR. JEAFFRESON SAID.
MR. WU ALSO EXPRESSED CONCERN IN HIS SECOND QUESTION ON WHAT STEPS THE GOVERNMENT CAN TAKE TO ASSIST LOCAL SHIPPERS AND AIR- FREIGHT FORWARDERS IN VIEW OF THE SINGAPORE AND MALAYSIAN GOVERN- MENTS' REQUIRING THE AIRLINES TO ACCEPT LOCAL CURRENCIES AT MARKET EXCHANGE RATES FOR THE SETTLEMENT OF U.S. DOLLAR TARIFFS.
MR. JEAFFRESON REPLIED: +WE ARE NOT IN POSSESSION OF THE FULL INFORMATION CONCERNING THE MOVES OF THE SINGAPORE AND MALAYSIAN GOVERNMENTS.
+WE HAVE NOW ASKED FOR FURTHER INFORMATION AND WE SHALL CONSIDER THE ISSUE IN THE LIGHT OF THE RESULTS.+
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