CONFIDENTIAL
”་
5. THE CABLE INFERS THAT COFACE HAVE GIVEN THEIR APPROVAL BUT THIS
IS NOT STATED CATEGORICALLY AS FAR AS I COULD GATHER,
bi
THE TUNNEL COMPANY BOARD MEETS ON TUESDAY AFTERNOON, 24TH DECEMBER
LOCAL TIME TO DECIDE THE MATTER, I UNDERSTAND THAT THERE IS A REMOTE
POSSIBILITY THAT AN ALTERNATIVE SOURCE OF CASH FINANCE MAY BE ALSO
CONSIDERED,
7. I WILL SEEK AN EARLY MEETING WITH. THE HONG KONG GOVERNMENT ON
THIS NEW DEVELOPMENT BUT I PRESUME THEY WILL BE KEEPING IN TOUCH
WITH THE PCO DIRECT,
8. I SHOULD BE GRATEFUL IF TOMS OF ORE WOULD INFORM RICHARDS OF
COSTAINES OF THIS NEW DEVELOPMENT.
FOO PLEASE PASS IMMEDIATE TO ECGD AND BOARD OF TRADE.
SIR D. TRE NCH
[COPIES SENT TO B.0.T.
EXCED DISTRIBUTION
ADVANCE COPIES SENT:
H.K.D. E.P.D.
3
CONFIDENTIAL