HWB 21/5

CONFIDENTIAL

Downing Street,

10 September, 1968.

I am sorry not to have replied earlier to your letter of 27 August about the Hong Kong Tunnel: is due to my absence on holiday.

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It seems to me a great pity that it should be considered necessary to take special cover against a political risk in this case. You will have seen the opinion of our legal advisers about access to Hong Kong assets in the United Kingdom, as communicated to E.C.G.D. Without a Hong Kong Government guarantee (of which there can now, I am sure, be no possibility) there seems no way of providing the right of access E.C.G.D. is looking for. I regret that there is nothing we can do to help in this respect.

Nutsent

THE LORD BROWN, MBE., BOARD OF TRADE.

(SHEPHERD)

ONFIDENTIAL

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