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HUTCHISON INTERNATIONAL LTD.

PRINCE's BuildING

HONG KONG,

SIR DOUGLAS CLAGUE, c.6.E., M.C., Q.P.M., C.P.M., T.D., J.P.

CHAIRMAN

The Hon. C.P. Haddon-Cave, CMG, JP

Financial Secretary

Colonial Secretariat Lower Albert Road.

Hong Kong

Dear Sir,

30th November 1973

Mass Transit Railway

Anglo Italian Response

Further to my letter of 15th November we now have pleasure in submitting a Counter-Bid by the Anglo Italian Group under the terms of the Mass Transit Steering Group's Supplementary Procedure of 20th September 1973.

The terms of the Bid are as detailed in the attached memorandum duly signed by Dr. M. Piccagli of Intermetro and Mr. J.N. Scott of G.E.C.-Elliott Automation Ltd.

attach.

Yours faithfully,

Douglas Clague

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