129
120
HOFO 039/2
PP DI
RR DO T
RR F CO
RR PEKING
GR 255
CYPHER CAT A
FM BTC HONG KONG #21042Z
CONFIDENTIAL
AkRiby/1yek
RACY
5 JUN 1978
DRK OFFIC
INDEX
No
TO PRIORITY DO I TELNO INDUS 61 OF 2 JUNE 1978
INFO D O T (CRE4), F C 0, PEKING.
PEKING TELNO CREDA 189: COAL FROM CHINA.
PA
Joi
Бот
MO. 51
Tren
MR BUTLER See 133) Hafoo
HO TRGA
HB HKGA
ADVANCE COPY
[FILES]
STONES HAS CONFIRMED THAT THE VISIT WAS A SUCCESS AND THAT THE
KESCO TECHNICAL EXPERTS ARE NOW IN PEKING TO DISCUSS THE SPECIFICATIONS REQUIRED. KADCORIE IS NOT DUE BACK HERE UNTIL JUNE
10.
2. 1 NOTE FROM FCO TELNO 274 TO PEKING THAT YOU ARE NOW WORKING
ON AN OUTLINE COUNTER TRADE SCHEME FOR EVENTUAL PRESENTATION IN PEKING. I AM GLAD TO SEE THAT BOTH THE DOI AND PEKING CONSIDER THAT THERE SHOULD BE CLOSE CONSULTATIONS ABOUT THE FORMULATION OF
PROPOSALS WITH SIR LAWRENCE KADOORIE IN HONG KONG. I REGARD THIS AS ESSENTIAL.
3. KESCO WILL WISH TO RETAIN FULL CONTROL OVER THEIR COAL BUYING POLICY AND TO LEAD ANY DISCUSSIONS INVOLVING PRICE, QUALITY AND DELIVERY OF COAL TO THEIR POWER STATION. WHILE THEY ARE QUITE PREPARED FOR THE IR PUCHASES TO BE USED AS A LEVER FOR SALES OF BRITISH EQUIPMENT BY MEANS OF COUNTERTRADING, THEY WILL NOT WISH SUCH NEGOTIATIONS TO INTERFERE WITH THEIR COMMERCIAL FREEDOM
OF ACTION OVER COAL PURCHASING IE THERE MUST BE NO MIDDLEMAN BETWEEN THE KESCO BUYING TEAM AND THE CHINESE COAL SALESMEN.
MARCH
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