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(11) THE CASE ON MEN'S AND BOYS' SWEATERS IS STATISTICALLY STRONGER
IN THAT A RESTRAINT COVERING WOOL AND SYNTHETICS COULD HAVE BEEN JUSTIFIED ON THE GROUNDS THAT TOTAL PRODUCTION IN THE FIRST HALF OF THIS YEAR HAD FALLEN BY A QUARTER, BUT IT WAS OUR VIEW THAT SUCH A CONCESSION WOULD ONLY HAVE BEEN JUSTIFIED IF THE NORWEGIANS HAD AGREED TO DROP THE RESTRAINT ON WOMEN'S AND GIRLS' SWEATERS. THE FACT THE RESTRAINT HAS BEEN CONFINED TO WOOL SWEATERS OF COURSE MAKES THE PRESENTATIONAL PROBLEM THAT MUCH EASIER, THOUGH ALL THE INDICATIONS ARE THAT NORWEGIAN PRODUCTION OF WOOL SWEATERS SATISFIES QUITE A DIFFERENT MARKET THAN THOSE FROM HONG KONG,
2. IN VIEW OF THE FOREGOING WE ATTACHE CONSIDERABLE IMPORTANCE TO THE RESERVATION IN PARAGRAPH 4 OF YOUR RESTRAINT LETTER.
3. WE THINK IT WOULD BE APPROPRIATE IF WE WERE TO TELL THE NORWEGIANS THAT, HAVING HAD AN OPPORTUNITY TO CONSIDER THE OUTCOME OF THE NEGOTIATIONS IN ASSOCIATION WITH YOU, WE WERE CONTENT WITH THE SETTLEMENT THAT HAD BEEN REACHED, BUT WISHED TO DRAW ATTENTION TO THE RESERVATION IN PARAGRAPH 4 OF THE LETTER OF RESTRAINT, TO WHICH WE ALSO ATTACH IMPORTANCE.
STEWART
INTERNATIONAL TRADE DISTRIBUTION
HONG KONG DEPT
ADDITIONAL DISTRIBUTION
HONG KONG: INTERNATIONAL TRADE
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