DRAFT TELEGRAM TO GOVERNOR HONG KONG
For Haddon-Cave from Barratt.
You will see from our telno. [
that we have accepted
We
the market valuation basis for which you have asked. 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 the
delicacy of the position vis-a-vis other holders, and I
hope that you will be able to avoid any public comment on
the basis of calculation of your new MSP.
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