TNAG-0767-FCO40-971-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 52

HKK164

RESSTE

INDEX

2 JUN 1978

OFFICIA

40.

10

LDX 623 LIM NR 783/22

No

56

CO DI/INDUS

00 37 HONG KONG

G9 138

DESKRY 2010032

CYPHER CAT A

FM PEKING 228910Z

CONFIDENTIAL

DESKBY 2210002

See fli!

NO DISTRIBUTION

Teht

+2 DOT

Dake 4125

3x

TO IMMEDIATE DOI TELNO INDUS 14 OF 22.6.78

INFO IMMEDIATE BTC HONG KONG,

N YOUR INDUS 139: HONG KONG/CHINA COUNTER TRADE.

воку

HKED

"

FED

"

TRED

I SEE NO DIFFICULTY IN POSTPONING THE VISIT OF BENJAMIN AND GEMMILL, AND INDEED WOULD WELCOME POSTPONEMENT IN ORDER TO (A) DIFFERENTIATE IT FROM THE CURRENT NEGOTIATIONS ON MINING

EQUIPMENT: AND

(B) GIVE HONG KONG AND OURSELVES AN OPPORTUNITY TO CONSIDER THE PROPOSALS PROPERLY BEFORE THEY ARE PUT TO THE CHINESE. (SEE PARA 8 OF PEKING CREDA 129 OF 31 MAY).

2. THE RISK TO CURRENT NEGOTIATIONS OF PRESSING ON WITH THE

VISIT IN EARLY JULY IS NOT QUANTIFIABLE BUT EXISTSDD WHILE

OBVIOUSLY WE DO NOT WISH TO DELAY THIS NEW VENTURE UNNECESSARILY | DOUBT IF ANOTHER MONTH OR SO WILL MAKE ANY DIFFERENCE AS FAR AS

THE CHINESE ARE CONCERNED, NOR GIVEN THE SLOWNESS WHICH THE CHINESE HAVE DEVELOPED THEIR NEW BUYING ROUND DO I SEE ANY DANGER THAT

WE MAY MISS THE BOAT.