OVERSEAS FINANCE & PLANNING DIVISION BRITISH OVERSEAS TRADE BOARD

DEPARTMENT OF TRADE AND INDUSTRY

1 VICTORIA STREET

LONDON SW1H OET

(1012

175

CONFIDENTIAL

K M Wilford Esq CMG

FCO

Downing Street

LONDON SWI

RGU, "YN=10 August 1973

2 9 AUG 1973

HKK 21/4

LAST

F

ΕΧΙ

HONG KONG MASS TRANSIT SYSTEM

HKLOD

May

196)

01 222 7877 Ext 3649

We spoke

PA

14:0

Isee the up very soon pee

13,

Mr.1%.

As you may know, Mark Goodfellow called on me the other day with some interesting information about the way the Hong Kong Government are looking at the various proposals they have received for constructing the underground. I have been thinking further about what he said, and taking a little advice here. I have also been able to obtain the reactions of the British Group to the letter which Haddon-Cave sent them on 1 August, setting out his further requirements, including the HK$5,000m ceiling price.

As a result, I now believe that it would be extremely helpful if you were to follow up the letter which Duncan Watson recently wrote to Haddon-Cave about the project giving, as it were, your further thoughts on the matter. I enclose some draft paragraphs which I very much hope you will feel able to include in your letter. It ought to reach Haddon-Cave before he begins his next round of discussions.

I am copying this to Hester Boothroyd and Ken Cotterill.

72 hour frie

FW Glaves-Smith

V1227

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