PP C HONG KONG
G2260
CYPHER/CAT A
REST
IR
REGISTKY No. 51
- 6 OCT 1975
EN DTI 331315Z
IKK 21||
HKIOD
TRE)
1
CONFIDENTIAL
TO PRIORITY DTC HONG KONG TELNO CREAR 177 CF 3 CTODER
FOLLOWING PERSONAL FOR KIMWEAR FRO
YOUR CREDA 105: MASS TRANSIT. -
RTS.
ذا
1. YOU WILL EY NOW HAVE SEEN COTTERILL'S TELEX TO TROSO" SETTING OUT E.C.G.'S OFFER. HILS FROM CRE4 POINT OF VIDY | 2184 THAT E.^.G.S. COULD HAVE GOME FURTHER, THIS REPRESENTS A CONSIDERED 5.6.C.D. POSITION, AGREED WITH THE TREASURY. IT ALSO REFLECTS WIDES GOVERNMENT POLICIES ON EXPORT CREDIT, FOR EXAMPLE OUR DESIDE TO MAINTAIN THE PRINCIPLE OF RESTRICTING COVER FOR LOCAL COSTE.
YOU WILL I KNOW UNDERSTAND THAT THE ISSUE CANNOT BE JUDGED OF HONG
KONG CONSIDERATIONS ALONE, IMPORTANT THOUGH THOSE RE.
2. 9. DESPITE Y UPGING THAT THEY SHOULD DO 10, .C.G.D. HAVE NOT YET
REFERRED THE CASE TO THE SECRETARY OF STATS. I HAVE THEREFORE
SUGGESTED TO HUTTON THAT HE SHOULD MAKE E: QUIRIES OF 5.0.0.
FROM HIS END, AND I PELIEVE HE WILL DO $0.
ITHER O.P.G. COR I FEEL THAT WE CAN CO FURTHER TO CHALLENGE E.C.C.D. DECISION TAKE AT COTTERILL'S LEVEL WITHOUT COO EVIDE CE
THAT .C.G.D'S OFFER IS IN PRACTICE LIKELY TO LOGE US SIGNIFICANT
TUTINESS TO OUR COMPETITORS. ON LOCAL COSTO IT IS ONLY THE JAPANESE
WHO ARE BREAKING RAKS. TUT IF THERE IS FIR EVIDENCE THAT WE ARE LOSING OUT, TO PLEASE REPORT IT RIGHT AWAY, AS I AM SURE YOU WILL. I THINK THAT IT WOULD BE TACTICALLY WIRE TO PUT SUCH EVIDENCE STRAIGHT TO E.C.G.D., WITH COPIES TO C.R.E. AID O.P.G: AND I WILL CONTINUE
TO GIVE HAT HELP I REASONABLY CAN.
OT!
**
p.a
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