Could
See
a number of objections to
This proposal
but agreed to seek
Legal advice
as to
Whether in fact it
was a practicable proposition. Before
we had that advice
Lord Brenn
copy of (133)
repled to hard Shepherd (Annex B
This letter, together with
The ECG) approach which 282 Kara
mentioned
above,
made it quite clear that
rearlor
(contrary to frene protestations) tat
was
Lope the political risk that stiil
a major factor in determining main RCGI) is attitude to the project. The legal
advice
we
received
on ECGD's
(and passed on to them)
proposation/indicated that no
by H.n.G.
Assurance
world quie Fea) a secure
claim against H.K. Gort; assets with
of the loan
of a formal
вод
(a) in the absence to the company,
Guarantee, Abby 12 Honey Kong
Gert-
and (b) be conse
Such an ammana
world amount to
tro
more than
a statement of intent by the
British garla, of
The day
which
cored hot the the hands of
Parlament or any future.
Bortish Government.
NOTHING TO BE WRITTEN IN THIS MARGIN
Thus
onc
more
The wheel
circle and we
had turned full
were back again with the problem
of ECGD requering cover for the political risk. In further informal exchanges Eca) maintained the views
that it was their duting to cover all the risks, including the political risk,