DT IC said that HK was not nit-
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20. pic'ing in going through the statistics in some detail. He wanted to show Smith the difficulties which he would face at home when he had to explain the reasons for the US proposals; He asked whether the US had plans to deal with Japan as well. S said that he did. He would be going to Japan first. He was seeking to hold Japan at the 1978 level of imports which was estimated to be 880 mil sa yds equvalent. The reduction he would propose to Japan would be to take the average of trade over the last three years and increase it to 110. This formula would give a number equal to 880 mil
eą są yd.
21.
In response to DTIC's questionas to how next to proceed, Smith said he would appreciate an early response and an early decision from and would like to talk at the earliest possible ocaasion. DTIC said he could give no commitment as to what might be said at such talks but he could confirm that HK would be prepared to hold them since that was its obligation under the
Agreement. When he ina position to put
asked when the US would be forward its proposals, Smith said these could be formulated. within the next
seven working days.
22.
It was agreed that Ambassador Smith and DT should meet at a mutually convenient time and place in Europe in the following week if possible for Smith to hand over the proosals.
23.
DTIC said that when this had been done, the HKG in conjunction with its advisers would
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