IMMEDIATE

CYPHER CAT A

GRS 170

FM FCO 231910Z

SECRET

(HKIOD)

HKR 2/4

(3)

DEDIP

SECRET

DESKBY 243061Z

290

n

then PIA

TO IMMEDIATE GOVERNOR HONG KONG TELNO 1206 OF 23 NOVEMBER 1973.

PA

2

26X1

Aes 26/11

FOLLOWING PERSONAL FOR GOVERNOR FROM SECRETARY OF STATE FOR TRADE AND TIDUSTRY. YOUR TELEGRAM TO FCO 1322 MASS TRANSIT.

RALLY THANKS FOR YOUR HELPFUL ADVICE, MEMBERS OF THE BRITISHI ADD ITLTAL CROUP WRE MEETING IN LONDON TODAY AND EXPECT TO WYSK UP THERN PROPOJALS TO THE POINT AT WHICH A TEAM CAN COLE TO HONG KONG ON WEDNESDAY OF NEXT WEEK TO DISCUSS PRESENTATION OF THEM TO THE STEEPING ONCUP IN A FOR WHICH COULD PERSUADE THE GROUP TO KEEP THE ANGLO-ITALIAR CONSORTIUM IN THE COMPETITION. THE BRITISH CROUP HAVE PARTICULARLY VALUED YOUR RIDICATION THAT IT WOULD NOT MATTER IF THE PRICE WENT OVER THE CEILING OR THERE VERE SOME PROVISION FOR ESCALATION ON THE ASSUMPTION THAT THIS COULD BE COVERED BY ADJUSTING THE CASH FLOW. ASCUTING AN ANGLO- ITALIAN TEAM COMES QUT KEXT WEEK WOULD THERE BE ANY ADVANTAGE AT YOUR END IF I SENT ROYCE WITH THEM? ROYCE HAS RECENTLY TAKEN OVER THE OVERSEAS FINANCE AND PLANNING DIVISION VIHICH ACTS AS - THE CO-ORDINATING POINT FOR OFFICIALS WORKING ON THIS PROJECT.

.

DOUGLAS-HOME

FILES

HD HKIOD.

HD TRED

Top +1 + craft.

PS TO IR ROYLE

PRIVATE SECRETARY

SIR D WATSON

IR YOUDE

SECRET

COPIES TO:

FS TO MR WALKER

DTI

MR ROYCE

CVERSEAS FINANCE AND PLANNING DIVISION

DTI

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