CONFIDENTIAL
067551 MDLIAN 7776%
KONG'S ECONOMIC ACHIEVEMENT IS REGARDED AS HAVING TAKEN US BEYOND THE LEAGUE OF BORROWERS. THOSE EXECUTIVE DIRECTORS WHO WERE CONSULTED WISHED TO KNOW OF CHINA'S STANCE ON THE MATTER BEFORE CONSIDERING THE MATTER FURTHER. THE AUSTRALIAN DIRECTOR ACCORDINGLY SOUNDED OUT THIS CHINESE COUNTERPART AND THE CHINESE SIDE CAME BACK WITH THE RESPONSE MENTIONED IN PARA 2 ABOVE.
5. GIVEN CHINA'S ASSURANCE OF SUPPORT, THE NEXT STEP WOULD BE FOR THE CURRENT AUSTRALIAN EXECUTIVE DIRECTOR PETER MCCAWLEY TO
GO BACK TO THE OTHER DIRECTORS TO LOBBY FOR THEIR SUPPORT AND
BUILD UP AN OPINION LOBBY TO SWAY THE PRESIDENT. MCCAWLEY HAS SUGGESTED THAT IT WOULD BE MOST USEFUL IF THE U.K. EXECUTIVE DIRECTOR COULD ALSO TAKE AN ACTIVE PART IN THIS LOBBYING EXERCISE AND CO-ORDINATE WITH HIM IN TALKING TO OTHER DIRECTORS. WE TOO ARE OF THE VIEW THAT THE INVOLVEMENT OF HEINZ BUHLER, THE DIRECTOR REPRESENTING THE U.K. IN THE BANK, COULD GIVE A USEFUL BOOST TO THE LOBBYING EXERCISE.
6.
GRATEFUL TO KNOW WHETHER YOU WOULD BE AGREEABLE. IF YOU ARE, WE COULD ASK MCCAWLEY TO APPROACH BUHLER AFTER YOU HAVE INFORMED BUHLER OF THIS REQUEST AND PROVIDE HIM WITH A NOTE WITH UPDATED COST INFORMATION ON THE ACP PROJECTS (THE NOTE IS BEING UPDATED AND A COPY WOULD BE SENT TO YOU WHEN AVAILABLE). ALTERNATIVELY, IF YOU PREFER WE COULD SEND THE INFORMATION TO YOU FOR TRANSMITTAL TO BUHLER.
WILSON
YYYY
DISTRIBUTION
34
MAIN
30
.HONG KONG AIRPORT RESTRICTED HKD
LEGAL ADVISERS//MISS BROOKS PUSD//HD
ECONOMIC ADVISERS//HD
ERD//HD
FED//HD
NEWS D//HD
PLANNERS//HD RAD//MR WYE
PS
PS/LORD CAITHNESS
PS/PUS
SIR J COLES
MR BONE
MR BURNS
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CONFIDENTIAL
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