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CONFIDENTIAL
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BTC HONG KONG
ETO HONG NONG
CREDA
3 October 1975
3.10.75
Following personal for Kinnear from Roberts.
Your CREDA 105: Mass Transit.
You will by now have seen Cotterill's telex
While from a
to Thompson setting out ECGD's offer. CRE 4 point of view I wish thet ECGD could have gone further, this represents a considered ECGD position,
agreed with the Treasury. It also reflects wider
Government policies on export credit, for example our desire to maintain the principle of restricting
cover for local costs. You will I know understand
that the issue cannot be judged on Hong Kong consid-
erations alone, important though those are.