GE TWO
IT IS IMPORTANT THAT THE CONFIDENCE BETWEEN KINDERSLEY
WD HADDON-CAVE SHOULD NOT BE BREACHED BY IDENTIFIABLE QUOTE
BACK. SUBJECT TO THIS IT WAS AGREED BY HIM WITH REST OF US
THAT I SHOULD REPORT AS FOLLOWS FOR YOU TO INFORM BRITISH
GROUP ON APPROPRIATELY LIMITED AND CONFIDENTIAL BASIS,
40 STEERING GROUP HAVE VIRTUALLY DECIDED TO VALIDATE
JAPANESE **PRE-EMPTIVE** BID ALTHOUGH IT FALLS SHORT OF
THE DESIDERATA IN A NUMBER OF RESPECTS, IN PARTICULAR
JAPANESE ARE STILL ASKING FOR GOVERNMENT GUARANTEE, ALSO
THEIR PRICE IS OVER HONG KONG DOLLARS 5,00A MILLION MAINLY
BECAUSE CONVERSION WAS MADE ON 1 OCTOBER WHEN YEN WAS AT A
HIGH POINT AND BECAUSE THEY HAVE BEEN OBLIGED TO USE A
FREEMAN FOX DESIGN INSTEAD OF, AS THEY PROPOSED, A DESIGN OF THEIR OWL.
5.
STEERING GROUP ARE HAVING FURTHER TALKS WITH JAPANESE
TOMORROW (TUESDAY) TO TRY AND REMOVE SOME OF THE DIVERGENCIES FROM THE DESIDERATA AND HADDON-CAVE HAS SAID, CONFIDENTIALLY, THAT HE HOPES TO STALL VALIDATION UNTIL THE END OF THE WEEK SO AS TO GIVE US TIME TO FIRM UP ARRANGEMENT THAT COULD
MAKE A VIABLE COUNTER.
16.
PAGE THREE
THERE IS COLLATERAL FOR BOTH THESE POINTS IN REMARKS HADDON-CAVE HADE TO HOLLAND (FCO CHIEF ECONOMIC ADVISER) ON FRIDAY MITCH HOLLAND PEPORTED TO ME.
7.
KINDERSLEY UNDERSTANDS THAT HADTON-CAVE'S INTERTION AT
MIC END OF THE WEEK IS TO NOTIFY OTHER GROUPS OF A VALIDATER PRE-FURTIVE EVEN IT GUARANTEE POINT IS STILL NOT HET,
CIVICES
LS HE CHAISES THE RULFS - AND HE HAS GIVEN NO MINT OF INTENTION FORMALLY TO DO SO AT PRESENT THERE WILL TIME BE
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