CONFIDENTIAL

5.

Mr Glaves-Smith has therefore agreed to discuss the next

step with ECGD and with the consortium (without of course

revealing any additional knowledge of the Hong Kong Government's

position). He will emphasise to them as his own judgement:-

Cop The importance of sending their decision takers

6.

(a)

(b)

to the next round of talks in Hong Kong on 19 March,

not waiting until the end of the month as suggested

by Mr Aston;

The evident need to get as close to a fixed price

offer as possible;

(c) Bearing in mind the fact that the Hong Kong

Government are still undecided as between a

consortium and a multi-contract approach, the need

to re-emphasise the non-financial advantages of a

single contract, particularly in management and

control;

(a)

The need to reassure

the Hong Kong Government that

the acceptance of a single contract will not lead

to any delay in starting work indeed the reverse.

All these are commercial arguments and do not provide us

with any opening for formal representations at the political

level. But we must acknowledge the Governor's letter. I

would not normally suggest that we should comment to him on

commercial affairs. But the contract is so important, and the

moment of decision so close that I believe in this case some

informal comments would be justified. I submit a draft letter

from Sir Duncan Watson accordingly.

- 3-

CONFIDENTIAL

/7.

Share This Page