པ་
25
DO BTC HONG KONG
GR 130
DESKBY 132330Z
CYPHER CAT A
FM ECGD 131716Z
CONFIDENTIAL
DESKBY 122330 Z
HKK. 173/10
No 23.17/1
TO IMMEDIATE BTC HONG KONG TELNO EXCED 38 OF 13 DECEMBER
FOR DEREK MARCH FROM COTTERILL.
E.C. E.D
R129.
H.Kd
T.RED
PLEASE PASS FOLLOWING TO BIRCH FIRST THING WEDNESDAY 14 DECEMBER. YOU TELEPHONED YESTERDAY SEEKING AUTHORITY TO NEGOTIATE SPREAD ON THE BASIS OF 1.8 FALLING BACK IF NECESSARY TO 1.75 AUTHORITY TO NEGOTIATE ON THIS BASIS IS AGREED. THIS IS SUBJECT TO THE TERMS AND CONDITIONS OF THE CONTRACT BEING ESSENTIALLY AS WE CURRENTLY UNDERSTAND THEM TO BE. IN THE EVENT OF ANY MAJOR SHIFT OR INCREASE IN THE TERMS OR CONDITIONS ON WHICH THE CONTRACT IS BEING NEGOTIATED THIS AUTHORITY WOULD HAVE TO BE RECONSIDERED. I THINK THIS MEETS YOUR IMMEDIATE REQUIREMENTS.
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