participation as a shareholder a condition
of the offer. The offer would not have been
maintained, however, had the composition of
the Tunnel Company been altered at a
subsequent stage. It would then have been
necessary for ECGD to reconsider in the
light of the new facts.
(2) "Formal requirement" should read "Normal
This means that it is highly
requirement".
unusual for a Government not to associate
itself with such a project. "A project of
this nature" means an infrastructural
constructional contract of a public service
character likely to have a major impact on
lif
the life of the community.
"The country concerned" means the country or
territory in which such a project is to be
undertaken. The term "country" was used in
a general sense in referring to ECGD common
experience throughout the world.
Please
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