CYPHER/CAT A
"
PRIORITY HONG KONG.
RESTRICTED
TO E.C.G.D
1
10.5
RECEIVED IN
ARCHIVɛ.
18 APR 1968
TEGRAM NUMBER EXCED 23.
17 APRIL 1968.
HWB 21/5.
RESTRICTED
ADDRESSED EXPORTCRED LONDON TELNO EXCED 23 OF 17TH APRIL RFI BOT
LONDON.
FROM HANNAM B T C. CROSS HARBOUR TUNNEL.
I CONVEYED TO THE TUNNEL CO. THE GIST OF LOWTON'S LETTER OF 20TH
MARCH TO ME.
2. I HAVE NOW RECEIVED A CONFIDENTIAL LETTER FROM THE TUNNEL CO. SAYING THAT THE HONG KONG GOVERNMENT HAVE AGREED TO LOAN THE COMPANY DOLLARS 12 MILLION IN ADDITION TO TAKING 25% OF THE EQUITY.
I ALSO LEARN THAT COWPERTHWAITE IS GOING TO DISCUSS THIS PROJECT
WHEN HE GOES TO LONDON IN A FEW DAYS TIME.
3. SCALES THE MANAGING DIRECTOR OF WHEELOCK MARDEN AND A DIRECTOR
OF THE TUNNEL CO. IS IN ENGLAND ON LEAVE AT THE MOMENT AND WILL
PROBABLY THEREFORE CONTACT YOU WHEN HE RECEIVES THIS NEWS.
1. Not quite
Ilove
lui or 10/4/68 @ Marden.
4. THE TUNNEL CO.'S LETTER CONCLUDES THAT THEY HAVE CABLED COSTAIN'S
ABOUT THESE LATEST DEVELOPMENTS AND WILL SHORTLY CABLE THEM THE
»
DETAILS ''OF THE FINANCE WHICH WE WILL REQUEST FROM THE E.C.G.D.
THIS WILL BE BASICALLY IN ACCORDANCE WITH THE TERMS SET OUT IN
OUR MEMORANDUM OF 8TH MARCH.''
CO PLEASE PA3S PRIORITY EXPORTCRED EXCED 23 AND ROUTINE BOT 27.
SIR D. TRENCH
EXCED DISTRIBUTION
HONG KONG DEPT.
LAST
REF.
MEXI
106
SSSSS
RESTRICTED