HOFO Ø32/23
/PP
DT I
GR 130
CYPHER CAT A
Х
FM BTC HONG KONG 231145Z
CONFIDENTIAL
22/1310
+4
NO DISTRIBUTION:
Tof+ 2 DOT
Durs HK+GD
FED
TO PRIORITY D T I TELNO CREDA 284 OF 23 NOVEMBER 1977.
PERSONAL FOR LIPPITT.
MIP T: POWER STATION PROJECT.
TRED (2)
K129
YOU SHOULD KNOW THAT TERMS FOR A NEW SCHEME OF CONTROL WERE
AGREED BETWEEN CLP AND COVERNMENT OFFICIALS ON 10 NOVEMBER.
DOCUMENTS HAVE BEEN ISSUED TO EXCO MEMBERS AND SUBJECT WILL BE
TAKEN IN EXCO ON 29 NOVEMBER.
2. WHEN I SAW SIR LAWRENCE THIS AFTERNOON, HE WAS CONCERNED LEST
RECENT PRESS COMMENT AGAINST TARRIFF INCREASES TO COVER
FINANCING OF FUTURE DEVELOPMENT OF GENERATION FACILITIES SHOULD
PROVOKE DEMANDS FOR CLOSE EXAMINATION OF PROPOSALS LEADING TO DELAY IN GRANT OF FORMAL APPROVAL. SIR SIDNEY GORDON IS MORE RELAXED AND POINTS OUT THAT EXCO CAN IF NECESSARY. TAKE TWO SESSIONS TO CONSIDER THE MATTER AND STILL CLEAR IT ON 6
DECEMBER.
3. I SHALL OF COURSE LET YOU KNOW IMMEDIATELY IF I LEARN THAT EXCO PROCEEDINGS MIGHT DELAY FINALISATION OF SCHEME OF CONTROL
BEYOND TARGET DATE FOR CONCLUSION OF OUR DEAL.
MARCH
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