RESTRICTED
2
4. IN THE MEANTIME I LEARN CONFIDENTIALLY FROM. THE HONG KONG GOVERNMENT THAT THEIR LOAN OF 12 MILLION DOLLARS IS HEDGED WITH SEVERAL CONDITIONS NOT LEAST THAT IT WILL ONLY BE FORTHCOMING WHEN THE COMPANY CAN PRODUCE ASSURANCE OF ADEQUATE FINANCE TO COMPLETE THE PROJECT.
FO PLEASE PASS ROUTINE EXPORTCRED LONDON AS TELNO 24 AND TO
B.O.T. LONDONSW1 AS CREDA 28.
SIR D. TRENCH
[COPIES PASSED AS REQUESTED]
EXCED DISTRIBUTION
HONG KONG DEPT.
C.T.D.
RESTRICTED