(15939) Dd:897300 200 9/72 G.W.D.Ltd. Gp.86J

MF 9/393/1

Lile No.

OUTWARD

Department

FRD

Drafted by

TELEGRAM

(Block Capitals)

.......D I LEWTY.

Tel. Extn.

G 206

DESKBY

FOR

(Date)

COMMS. DEPT.

USE

Despatched

POSTBY...

(Time)

2

Security Classification SECRET

Precedence PRIORITY

PREAMBLE

(Time of Origin)

„Z(G.M.T.)

(Restrictive Prefix)....

(Caveat/

(Security Class.)......

SECRET

ORWELL

Privacy Marking)

(Codeword)

(Deskby)

T............

PRIORITY

(precedence)

GOVERNOR HONG KONG

(post)

Tel. No.

of...

AND TO (precedence/post)

AND SAVING TO

REPEATED TO (for info)

SAVING TO (for info)

istribution:-

ORWELL

FRD

[TEXT] MY TEL NO

:STERLING GUARANTEES

FOR HADDON-CAVE FROM BARRATT

Z

N

Z

HKIOD

PS/MR ROYLE

1. You will see from our tel no that we have

accepted the market valuation basis for which you have asked. We have gone a very long way to meet your special

problems and I hope that you will now be able to convince EXCO that this is, from Hong Kong's point of view,

a very good guarantee offer, I am sure that you appreciate

vis-a-vis other the delicacy of the position xİX*XXXİX holders, and that you will not find it necessary to point up the valuation change in your presentation to EXCO.

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