31 13
n
Youde I crowsert
c.c. Chancellor of the
Exchequer
Mr Royle FCO
Or Godfellys
T
PA
Habar
CUPPY NO
N=15
2 13-X asys.
PS/R-Royle F M'wilford
pl 1
SECRET
Aas
12/12
Mr Denman
PS/Minister TCA PS/PUSS PS/Sec. T
PRIME MINISTER
Dep.Sec. Mr Hochfelder OFP
Mr Preston Dep.Sec.
Mr Edwards. Miss Lackey
3:
CRE2 CRE |
Mr Farry
Mr Cotterill ECGD
357)
OFP
Miss Kelley
Treasury
FCO
311
(3-6
Mr Stuart
311,
w/357
w/359
HONG KONG MASS TRANSIT SYSTEM
14 L
14KK 2014
You will have seen the developments over this since I
minuted you on 26 November and, in particular, the Governor's telegram No 1417. Officials in the Treasury, FCO and my
Department have looked at the Governor's proposal for a
guarantee from HMG in the UK that would enable the Anglo-
Italian Consortium to bid a fixed price of Hong Kong
$5,000 million. Their conclusions are set out in the
minute to me of which I attach a copy.
these conclusions.
I agree with
I am sure the Chancellor of the
Exchequer will do so too. Mr Royle, in Sir Alec Douglas-Home's
absence has said that the FCO will abide by Treasury and
DTI's advice on this. This means that we do not offer a
· guarantee as suggested by the Governor. I have, however, in the message of which a copy is also attached, asked him
to do the best he can with the material he has. If he
cannot hold the position I would then suggest we try to
get some business for UK firms out of any Japanese contract.
CC
DEPARTMENT OF TRADE AND INDUSTRY
1 VICTORIA STREET
LONDON SW1H OET
11 DECEMBER 1973
SECRET
P.W.