900 Notice
вое
for
isene
16 April-
Hong Kong Harbour Tunnel
Agreement on Financiel Arrangementa
Agreement in principle has been reached in London between The Cross- tour Tunnel Co. Ltd. of Hong Kong and Lloyds Banks Ltd. on the provision 32 a loan to financo the construction of the Hong Kong Cross-Harbour Tunnel. Dae loan, which will be guaranteed by B.C.G.D., will be for a maximum of
4 million.
M
The Tunnel Company are now prooooding to detailed negotiatione
and it is hopod t....... Jaamattua lod by Gortein Civil' Daginoering
The loan will then baar interopt h. 1: oontrapt vill bo sig.vi next month, Veasly at ik per cent per annum and will bo zapayable in half-yearly ins..hments (Vek Bavel yoare faca the cettuated deto of oulution of the Tunnel.
The proopeotive phuroholders of The Cross-busbour Tunnel Co. Ltd. aa Wheelock Karden & Co. Die., Krteksson International Ltd., The Coverrulent of Hong Kong, The Hongkong and Shanghai Banking Corporation, Kwong Wan Ltd.,
The shareholdere vill soveselj und Six Blly Kadoozie Cuscopeory bide glozantce the loch, and the Tunnel Company vill daco be giving & CheatEDA Thrige over the Company's assete.
The tunnel will provide a much-needed traffic link between Ho.. Kens ásland and the City of Kowloon, a czosoing thich has up to now boom bezved only by vehicular ferries. The four-lano tunnol will be built by the dynursed tuba method, the firet to bo bulls by this techniquo in Asia and thought to
The consulting engineers to th: be the longest of its typo in the world. project azo the Boltish firme of Scott and Walda, Kirkpatrick and Przezeza CNN Trgoman, Tox and Pextxozae
11.
X