C
PROVISIONAL JUGRITY
from Bor de tions
The Sapano Concertium has informed the Mass Transic
Previsional Authority that it is unable to
nucebiasing a orzuznet to build, equip and
Steen four munges of the Moss Transit
in the context of the letter of Intent sign.d?
1. 15 bobroren 1974.
The Chunortium has given, as ito reason for deciding
w from the negotiations, the difficultics
i mnaud by the Japanese de mony as a result of the
The Consortium claime vivir in Inse 1975 and 1974.
the titude of these difficulties could not have
wonthly for...soon at the vine it signed the Letter Irono mid vhoo they could not now bo surmounted.
sing hola in Hoverber 1974 the Consortium asked For a rovision of the price ceiling from 65 billion to 16 billion together with provision for price escalation.
Ino :rovisional uthority could not accept this
iny boor
Te klus the view that the Consortium should beer vile te aunuss the uffects of the oil cricia on else mony during the period between the Hong Kong
want' ncc.ptoncu nd its pro-emptive bid
1
(14 Dvouber 1973) and the time it signed a Letter of
The Provisional Authority 16 (15 Pubruszy 1974).
rick na chrt the Counortium has committed a
Jay
anne Vhich will result in Hong Your
y mula melty in building the
with All Me attendent commoquencer.