Registry No. HWB 21/5
DEPARTMENT Hong Kong Room 318€6.
* Date and time (G.M.T.) telegram should
reach addressee(s).........
SECURITY CLASSIFICATION
Top Secret
Secret
Confidential
Restricted
Unclassified
PRIORITY MARKINGS
(Date)..
Despatched
19410
1809:
Flash:
Immediate
Priority
Routine
8
76
16156
NOTHING TO BE WRITTEN IN THIS MARGIN
CONFIDEN TI AL
PRIVACY MARKING
In Confidence
En Clair.
Gode
Cypher
Draft Telegram to:-
Hong Kong
No.
(Date)
And to:-
2139
19/10
[Se
"Security classification -if any
[ Privacy marking
-if any
[Codeword-if any]
Addressed to
telegram No....
And to
]
HONG KONG
repeated for information to
Repeat to:-
Saving to:-
Distribution:—
As for tel. under ref.
Copies to:-
74
ANS.
19/16
Saving to............
..(date)
For Hall from Galsworthy.
Your telegram No. 1540.
DT. D
ECGD and Treasury positions are contained in
Tunnel brief and covering letters which were sent
to you in Friday's bag, No. A32. Assume it has reached you by now. If not, shall we telegraph gist?
2.
3.
Your paragraph 2. C.D.C. tell us it is quite
untrue that C. D. C. Board rejected participation
against advice of the ir Executive Management because
of O.D.M. opposition. Facts are as follows.
Money which C. D. C. draws from Exchequer comes
under aid ceiling, and is therefore rationed.
Against this background it is the practice of C.D.C.
Management, when asked to consider a project in
Hong Kong, to seek policy guidance from their Board
before embarking on detailed investigation of the project. Reason for this is simply that Hong Kong has ample resources of its own compared with most
other areas, and consequently at a time when C.D.C. must ration their money they do not rate Hong Kong's
needs for external finance very high.
4.
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