CONFIDENTIAL
4. The only other point concerns the fourth sub-paragraph in theparagraph on British objectives. You thought that this should reflectthe importance of Kuwaiti investments in the UK. We would prefer tolook at the whole financial field rather than one aspect of it. Theamount of money generated by oil and investment revenues here, a partof which subsequently becomes available for investment, needs, wethink, looking at in rather broader terms than simply as Kuwaitiinvestment in the UK. We have therefore suggested a redraft of subparagraph 7 (iv) with a new title, making it "Finance rather thanInvestments.
enerated by field rathen the UK. Wthis shoula the
5. I hope the above considerations do not cause you too manydifficulties. If there are any points where you would like furtherclarification from us please let us know by teleletter or telegram.
Yous even
Namsan lechend
Ramsay Melhuish
CONFIDENTIAL
