HOFO 016/23
RR D O I
GR 185
CYPHER/CAT A
NO DISTRIBUTION
TRES & HIKα no/h King
анка яб
отки
D26/22
FM BTC HONG KONG 230635Z
Jeck
(xenx 3)
CONFIDENTIAL
TO ROUTINE D.0.1 TEL NO.CREDA 93 OF 23 JUNE.
HONG KONG POWER STATION PROJECT.
FOLLOWING FOR MACDONALD 1C2.
RACED IN
RESTRY NO. 5% 27 JUN1977
[NKK 16H
1. SIR LAWRENCE KADOORIE INFORMS ME THAT THE RECORD OF MEETINGS
BETWEEN DAVID GEMMILL AND WINN BISCHOFF OF SCHRODERS AND
CHARTERED ON 14 JUNE SHOWS THAT LAZARDS INDICATED THAT ECGD
WOULD BE LOOKING FOR LETTERS OF COMFORT FROM HONG KONG GOVERNMENT AND CLP/PEPCO. SIR LAWRENCE WISHES TO MAKE IT CLEAR THAT CLP/ PEPCO WOULD NOT UNDER ANY CIRCUMSTANCES ACCEPT ANY FINANCIAL RESPONSIBILITY FOR THE VIABILITY OF THE NEW PROJECT THIS WOULD BE A MATTER FOR THE NEW COMPANY. COPY OF LETTER FROM DEAN BARRETT TO BISCHOFF CONFIRMING THIS STATEMENT FOLLOWS BY BAG.
2. FOR YOUR OWN INFORMATION SIR LAWRENCE REFERRED TO ECGD'S REQUIREMENT FOR GUARANTEES FROM THIRD PARTIES HAVING BEEN WAIVED IN 1968 WHEN FINANCIAL COVER FOR THE CROSS-HARBOUR TUNNEL WAS
UNDER DISCUSSION. WHILE UNDERTAKING TO REPORT HIS CONCERN I
COMMENTED THAT THE LOCAL POLITICAL OUTLOOK IN 1968 HAD BEEN
DIFFERENT.
MARCH
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