CONE IDENI LAL
Hong Kong's ceiling, but are unwilling to commit
themselves formally to this.
6. I therefore suggest that our officials should
continue to keep in close touch with The Treasury, and
the Bank, and with the consortium, and that as soon as
the Anglo/Italian bid is finalised, we should explain
its attractions to the Hong Kong Government. In doing so
we can draw attention to the relaxation in conditions made
by Hong Kong in accepting the validity of the Japanese bid
and stress the importance we attach to validating the UK
bid. The Governor himself is well aware of this. He has
stressed to me his hope that we will put in proposals which
We would then be on the same footing as
I hope
can be validated.
you agree that we should concentrate on this.
the Japanese and all possibilities would be open.
1.
I am copying this minute to the Prime Minister and
the Chancellor of the Exchequer.
(ALEC DOUGLAS -HOME)
CONFIDENTIAL
7
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