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Treasttry Chante, as
Stewin Hong Kong Doctors
Great George Street, F-don, S.W.J Telephone: Whitenal 1234, ext. 1143
Fearn
Our Reference 2-F. 45/54/01
Your Reference FG 28/11861 and FG91/10359
9th July, 1969
F.G.C. 752/753:
Ap
R&PA
(Cape on Kai- Tava File
at. Lai Chau Power Station
Hong Kor
I am writing, rather belatedly to confirm the decision that I gave you by telephone on 23rd June in reply to your letter of 10th June about the applications from Babcock and Wilcox and English Electric for Financial Guarantee support for this business.
We agree that it qualifies for a Financial Guarantee for the two bids. Babcock and Wilcox are after two boilers with a United Kingdom content of £2.6 million and English Electric are after two turbine generator sets with a U.K. content of £2.9 million.
v & REF that these qualify for an 80 per cent loan to be repayable over seven years from the mean date of commission (19 months from contract).
Copies go to Beaven, Rawlings, D.C. Smith, Clement, Wood, Harding Thain and Spiers.
Yours sincerely,
(D. L. HAWKINS)
W. H. Faxman, Esq.,
Export Credits Guarantee Department,
59-67, Gresham Street,
LONDON, E C.2.
RECEIVED IN
REGISTRY No.51 117 JUL 1969
HKKC21/11