HONG KONG PROJECT
IN CONFIDENCE
|
arting I/n
Jeur
Note of a meeting held on Thursday 11 August at 10.30 am in Room 839 at 1 Victoria Street
In the chair:
Those present:
Department of Industry
CEGB
не
(187)
fle. 178
Mr Lippitt
Mr Powell Mr Masding Mr Weaving
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IM
Mr Scott
GEC
Mr J Davidson "
REGIO
Mr Bagley
Babcock & Wilcox
16 AU 1977
Mr Grey
Mr D R Davidson"
#
#F
HKK 164/1
Mr Edwards
Balfour Beatty
Mr Babbage
Mr Diverall
Mouchel and Partners
Mr Gemmill Lazards
Mr Baker
11
Department of Trade
Mr Macdonald Department of Industry Mr Moulson
Visit to Hong Kong 7-9 August
1
Mr Lippitt invited Mr Macdonald and Mr Gemmill to report on their recent visit to Hong Kong.
2
Mr Macdonald reported that the team had comprised Mr Birch (ECGD), Lord Kindersley and Mr Gemmill (Lazards) and himself. The purpose of the visit had been twofold:
3
i
ii
to discuss with the Hong Kong banks and the Hong Kong Government whether the proposal to denominate the buyer credit in Hong Kong dollars was both practicable and acceptable;
to maintain contact with CLP/PEPCO following Sir Lawrence Kadoorie's visit to London.
So far as the discussions with CLP/PEPCO were concerned, meetings had taken place with Sir Sidney Gordon and, separately, with the CLP/PEPCO "Project 77" steering committee. From these discussions the following main points had emerged:
i Exxon were anxious lest further slippage in the
timetable for presenting the UK package might foreclose the option to put the contract to international tender. In this respect it was
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