KW Cotterill Esq
Export Credits Guarantee Department
Aldermanbury House
Aldermanbury
LONDON EC2P 2EL
Treasury Chambers Great George Street
London SW1P 3AG
140
Telephone 01-930 1234 ext 288
3 July 1973
108
HONG KONG MASS TRANSIT SYSTEM
Thank you for your letter of 2 July setting out the latest position in the negotiations which we discussed by telephone. It would be extremely helpful at this stage to have clarification of the following points:
a.
What are the relative financing offers of the 4 consortia still in the running?
b. Are the proposals you are now making calculated to secure the contract, or is it possible that there will be a further round of negotiations at which further concessions on the credit terms will be urged on HMG?
C.
What is your calculations of the preference implied by your latest proposals?
I should be glad to have Departments' comments on the proposals in writing, if possible by noon on Friday. It may not be necessary to call a meeting if you can provide the above information.
cc.
FW Glaves-Smith Esq
G F Finlayson Esq, Miss MJ Lackey
A L Ryan Esq
A C Stuart Esq
TJ Wilshire Esq
(R JONES)
Department of Trade
and Industry
Bank of England
Foreign and Commonwealth Office
Overseas Development Administration