5.
that the Hong Kong Government alone would
provide the guarantee.
It is not clear if
this is solely because the companies said in
June that they were no longer prepared to give
guarantees or also because the Treasury/E.C.G.D.
would no longer accept their guarantees Or
at least would accept them only in relation to
a 100% guarantee.
London,
15th September, 1967.
J.JJCOWPERTHWAITE,
FINANCIAL SECRETARY