TKS
VQUO SCOH
NO DISTRIBUTION
TOP TO 501.
DO TRES (1) Bo HUGD Job ফ
тая
HOFO 037/13
00 DO I
GR 465
CYPHER/CAT A
X3. H** 1641.
لان
See
13
No of
X
FM BTC HONG KONG 131141Z
CONFIDENTIAL
TO IMMEDIATE D.0.1 TELNO.INDUS 6 OF 13 JAN 78.
A
FOR LIPPITT,
YOUR INDUS 8 POWER STATION PROJECT.
FOLLOWING IS TEXT OF REPLY FROM SIR LAWRENCE KADOORIE. BEGINS:
1. THANK YOU FOR YOUR MESSAGE IN REPLY TO MY LETTER OF 21ST
DECEMBER.
2. I NOTE YOUR WISH THAT THE DEPARTMENT OF INDUSTRY BE INVOLVED TO CO-ORDINATE AND SUPERVISE NEGOTIATIONS WITH CLP/EE AND THIS HAS ALSO ALWAYS BEEN OUR WISH.
3. SPECIFICALLY AND REFERRING TO YOUR TELEX WE HAVE THE FOLLOWING COMMENTS ON PARAGRAPHS 1-V :-
PARA I
SUBSTITUTE THE FOLLOWING:
''ECGD AND SCHRODERS WILL HAVE THE CONTROL OF THE PRODUCTION OF THE LOAN DOCUMENT.''.
COMMENT THE LOAN DOCUMENT SHOULD IN THE NORMAL WAY BE A MATTER PURELY BETWEEN THOSE DIRECTLY INVOLVED THAT IS THE LENDERS, SCHRODER AND ECOD, AND THE BORROWER, CLP/EE. IF ECGD NEEDS THE ADVICE OF LAZARDS OF LONDON TO HELP IT TO PROTECT ITS INTEREST IT CAN, OF COURSE, SEEK THEIR HELP IN THE SAME WAY CLP/EE HAVE SOUGHT THE ADVICE OF SCHRODERS AND CHARTERED IN HONG KONG.
SCHODERS, AS A SIGNIFICANT LENDER. IN ITS OWN RIGHT WILL ENSURE