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J.A.B.Darlington,
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C. C. Lucas,
H.M.Treasury, Gt.George St.S.l.
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C.M.Drukker, E.C.G.D.
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.1967 pex
0057
.Hrs.
Kazlair
As you know, Cross-Harbour Tumel Company are
considering tenders submitted. Clague has been pressing
Costains for improvement in proportion of contract price to
be covered by loan guaranteed by E. C.G.D. and for removal of
the requirement for joint and several guarantees.
2.
Ciaque also put these points to Snelling in liong Kong. The latter point was not however raised in subsequent letter
Clague sent to Lord Rhodes which has been referred to
Lord Brown in Board of Trade for reply. It has therefore been
be moval of requirement for assumed that question of guarantees from shareholders is not being pressed by Clague and we would not in any case wish to
encourage him to return to this point. for the reasons outlined
below, we see no prospect th t this requirement could be
waived.
ANS
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13.