TNAG-2353-FCO40-3423-Visits-by-Lord-Caithness--Minister-of-State-for-Foreign-and--1991 — Page 145

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071 512 7649

ECGDHQ LONDON

BRIEF FOR LORD CAITHNESS' VISIT TO CHINA AND HONG KONG 27 NOVEMBER AND 7 DECEMBER 1991

260

002

ECGD

HONG KONG

Background (not for disclosure)

Treasury have stated that

-

нко о

огра

MD 22/11

ECGD

州

For medium and long term cover Treasury authority is required for individual transactions in excess of £100m and for aggregate new

new commitments of over £200m in any one year. any decision relating to cover on the Lantau Fixed Crossing which would involve a commitment of some £400m will have to be referred to Ministers for consideration. Other major prospective business is likely to

require similar consideration.

Points to Make (DEFENSIVE)

Cover

ECGD short term cover is available without restriction. for medium/long term credit business is available on a first

first served basis subject to ECG)'s normal

come

controls.

exposure

J064, M11