TNAG-0767-FCO40-971-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 130

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B INFORM KEDOORIE, WHOM WE UNDERSTAND IS STILL TRAVELLING IN CHINA, THAT A COUNTER-TRADE SCHEME IS BEING DEVELOPED AND THAT DOI INTENDS TO HOLD CONSULTATIONS WITH HIM BEFORE A PRESENTA UN

TO THE PRC:

C.

REPORT ON INITIAL REACTIONS TO THIS INFORMATION AND ANY INFORMATION YOU HAVE ABOUT THE OUTCOME OF KEDOORIE'S TALKS ON

COAL SUPPLY.

40 FOR YOUR OWN INFORMATION WE HAVE IN MIND THAT IF THE OUTLINE

SCHEME GETS A FAVOURABLE RECEPTION FROM THE CHINESE WE MIGHT

SUGGEST SIMILAR SCHEMES BASED ON OTHER MINERALS FOR WHICH THERE

WOULD BE A READY MARKET. KU-MING REFERRED TO THE POSSIBILITY

OF BARTER IN NON-FERROUS METALS WHEN HE MET SECRETARY OF STATE

FOR TRADE ON 8 MAY.

5.

DOWTY HAVE SAID THAT COMPENSATION TRADING HAS NOT BEEN,

DISCUSSED IN CURRENT NEGOTIATIONS AND COMPANIES DO NOT INTEND TO

RAISE IT.

OWEN

FILES

FED

HKOGD

TRED

PUS D

E CON-D FRD

MR BUTLER MR. CORTAZZI MRTHOMAS MR MURRAY MR HAYES

COPIES

CRE4. DOT

то

MR OLD HAMIC DIVN, DOI MR BIRD.

ECG D

MR FORD HAM, TREASURY

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