PEPAYMENTS,
TO DEAL WITH.
S SYRPATHY WITH MANA OVO DEAT
PAR OUT THAT SPITAIN 'ERSELF HAD HUCE DEGTE
AS TO PRIVATE INVESTMENT, WHICH CHANA'S PRIME MINISTER
HAD SAID IT COULD NOT CREPEAT NOT) BE EASILY CONTROLLED,
HE POINTED OUT THAT IT WAS A FACT THAT MANY BRITISH FÍRMS
OPERATING ASROAD PLOUGHED BACK THEIR PROFITS TO THOSE
COUNTRIES AND REMITTANCE FROM ABROAD WERE VERY SMALL.
ANSWERING CRITICICH OF SHIPPING CONFERENCE PRACTICES, MR
HEATH SAID THAT THE SHIPPING INDUSTRY IN BRITAIN HAD ALMOST THE
LOWEST RETURN ON ITS CAPITAL OF ANY IN THE COUNTRY,
NOTWITHSTANDING GOVERNMENT HELP GIVEN. WAGES KEPT GOING UP
AND INCREASED PATES RE THE RESULT.
COMMENTING ON PRITAIN'S APPLICATION TO JOIN THE EUROPEAN
ECONOMIC COMMUNITY, BE HEATH SAID THAT IN THE EVENT OF ENTRY
MANY COMMONWEALTH COUNTRIES. WOULD BE ABLE TO HAVE A RELATIONSHIP
OF ONE KIND OR ANOTHER WITH THE COMMON MARKET.
AN ENLARGED EEC VOULD STRENGTHEN BRITAIN AND ENABLE
IT TO PLAY A BIGGER ROLE IN WORLD TRADE AND AID THAN SHE DID
TODAY.
HE REITERATED BRITAIN'S AIM OF REACHING THE SECOND DEVELOPMENT
DECADE AID TAPGET OF ONE PER CENT OF GROSS NATIONAL PRODUCT
BY 1975.
ENDS. THIS MESSAGEHANDED IN AT 2205 HOURS LOCAL TIME.
TALLE
FCO/WHI DISTRIBUTION
GIFD
ADDITIONAL DISTRIBUTION COMMONWEALTH MEETING
-4-
No comments yet.
Private notes are available after approval.