SECRET
"As I said in my letter of 19 July 1990 to Ian Strachan,
it is extremely difficult for us to say with a degree of
accuracy how much the yield on disposal of stocks bought
under the 1981 DCA will be increased by increasing HKG's
share from 65% to 75%. Nevertheless we shall use our
best endeavours to ensure that this value
equates to the additional 35% of the running costs of
the Patrol Craft that HKG will pay from 1992. To help
to achieve this, we are prepared to increase the yield
on the disposal of the 1981 stocks as soon as we agree
these measures, rather than from 1992. You must however
appreciate that if the proceeds from the 1981 Agreement
do not cover the 35% advanced by HKG, HMG has no
alternative source of finance to make up any
shortfall".
ROFAOD/2
SECRET
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