own airline (CPA).
(c) A gesture of confidence in Hong Kong's
future, which financial assistance would
undoubtedly be, would be very welcome to
all, and this was the theme of members of
the present Government when in opposition.
(a) A political gesture of solidarity would be
4.
all the more valuable as HMG
H, MyGy
embark on
the EEC negotiations in which protection of
Hong Kong's trading interests may not be
at all easy.
The question remains in what form can we propose a
gesture of solidarity with Hong Kong which is likely to be
acceptable both to official opinion in Whitehall and to
Ministers. I suggest that there are two possibilities. The
first is a straight financial loan and for the reasons given above
W
how
this is no more likely to be acceptable/in Whitehall or to
e/in
the Chancellor of the Exchequer if it is to consist of "new"
than
(Hong Kong gist should raise a money, as it was in the past. The second is that the loan
the 10
should be die in the City with the full backing and
guarantee of H.M.G
H&M.G. This course would not involve any direct
presumably through ECGD. contribution by HMG, but a guarantee, could have the same
effect of showing H,M,G,'s confidence in the future of the
H&M, Gy
a dreve
scopica
Colony and might adequately kids therefore the necessary
political effect. If we were to proceed in such a way we
/should...
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