TNAG-0778-FCO40-982-Involvement-of-Hong-Kong-in-air-services-agreements-1978 — Page 81

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PS 175

CYPHER CAT A

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FM KUALA LUMPUR 230395Z

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TO PRIORITY HONG KONG TELNO 11 OF 29 APRIL 1978

INFO FCO AND SINGAPORE

YOUR TELNO 523: AIR CARGO RATES

Relive

PA

- MAY 1978

DESK OFFICER

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INDEX

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237

1. MALAYSIAN DCA ISSUED DIRECTIVE EFFECTIVE 1.2.78 STATING THAT

ALL SHIPMENTS TO MALAYSIA FROM EUROPE (TC2) AND FROM ASIA (OTHER

THAN POINTS WITHIN MALAYSIA) (TC3) ON QUOTE CHARGES COLLECT

PAYMENT UNQUOTE SHALL BE BASED ON THE LOCAL CURRENCY OF THE SHIPMENT'S ORIGINATING COUNTRY AS QUOTED ON THE AIR WAYBILL, CONVERTED TO MALAYSIAN DOLLARS AT THE BANKERS BUYING RATE.

2. DIRECTIVE ALSO STATED THAT ALL AIR WAYBILLS FOR SHIPMENTS ORIGINATING FROM MALAYSIA TO USA WILL BE QUOTED IN US DOLLARS, AND CONVERTED TO MALAYSIAN DOLLARS AT THE BANKERS BUYING RATE FOR

COLLECTION PURPOSES,

3. B A BELIEVE DIRECTIVE IS RESULT OF PRESSURE FROM CONSUMERS

ANNOYED AT BEING FORCED TO CONTINUE TO USE UNREALISTIC IATA STERLING RATE OF ONE POUND STERLING TO MALAYSIAN DOLXERS 7.3 (SEVEN POINT THREE), INSTEAD OF MALAYSIAN DOLLARS 4.5 (FOUR POINT FIVE). THERE IS LESS DISCREPENCY BETWEEN THE US DOLLAR RATES. B A DO NOT EXPECT ANY AIRLINE COMPLAINTS HERE. HEAVY CARGO DISCOUNTING ALGEADY TAKES PLACE HERE AND RATES COULD FALL EVEN FURTHER AS A RESULT OF THE NEW DIRECTIVE.

HAWLEY

FILES

MAED

HKIG D

FED

NAMO

MR BUTLER

MR BURROWS

MR MURRAY

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