GRS 120
PRIORITY
CYPHER CAT/A
FM BTC HONG KONG 100915Z
RECEIVED IN
REGISTRY No. 50
77
TOP COPY
UNCLASSIFIED
COMMERCIAL IN CONFIDENCE
TO PRIORITY E C G D TELEGRAM NO EXCED 48 OF 10 SEPTEMBER INFO
OPG (BRYANT), CRE4 (MISS WELCH),
FOR COTTERILL FROM KINNEAR.
MASS TRANSIT.
F
AS YOU KNOW THE DECISION HAS NOW BEEN TAKEN TO PROCEED WITH
THE MODIFIED MASS TRANSIT SCHEME. THIS IS SUBJECT TO FINAL
DOCUMENTATION ON THE STANDBY CREDIT (MY TELNO CREDA 82 TO
FARRY) BUT THIS IS REGARDED AS A FORMALITY.
2. M T A EXPECTS TO START LETTING THE FIRST CIVIL CONTRACTS AT
THE END OF THIS MONTH. THEY TELL ME THAT THE KIER GROUP IS VERY
MUCH IN THE RUNNING FOR AT LEAST ONE OF THE THREE CIVIL CONTRACTS
FOR WHICH THEY HAVE BID. IT IS IMPORTANT, THEREFORE, THAT FINAL
AGREEMENT ON E C G D TERMS AND PREPARATION AND SIGNATURE OF THE
FORMAL AGREEMENT IS COMPLETED AS SOON AS POSSIBLE. THOMPSON WILL BE SENDING A TELEX TO YOU TODAY ABOUT THE FINAL TERMS AND SEEKING
CLARIFICATION ON ONE OR TWO REMAINING GREY AREAS, KLEINWORTS ALSO
WILL BE IN TOUCH WITH YOU ABOUT THIS AND I WOULD BE GRATEFUL IF
YOU WOULD LET ME KNOW WHETHER YOU FORESEE ANY DIFFICULTIES STANDING IN THE WAY OF THE EARLY COMPLETION AND SIGNATURE OF A FORMAL
AGREEMENT.
KINNEAR
EXCED DISTRIBUTION
HKIOD
COPIES TO:
MISS WELCH CRE4 DOT