CONFIDENTIAL
بسم
good represented by their head, Mr Fell, could say that we would
consider it urgently. In view of the cost, however, Mr Fell should not make this offer unless he decided that it was essential.
6. I think this agreement was adequate. We do not have sufficient evidence to insist on a unilateral offer to capitalise interest which would greatly increase the cost of the credit. All the evidence is that we are ahead on credit terms both of the multi contract approach and of our consortium rivals. The Hong Kong Government's main concern is to get a price from the consortium. No improvement of credit terms will avoid this. Mr Fell's position at the Hong Kong talks will essentially be a back-up one. The main burden will be on Mr Kindersley and his consortium colleagues.
19 March 1973
Copy to:
Fest
A C Stuart
Hong Kong & Indian Ocean Department
This
seems
cam
only
very fair
he
durait the outcome
of the consortion v. multi
Com fract
battle now.
Kun wilfro
%/%
Sir E Norris Mr Whitehead Mr Finlayson
EPD
Sir D Watson Mr Kerr
FRD
With copy of Mr Logan's minute of 16 March.
CONFIDENTIAL