? 700
PRIORITY
CYPHER CAT A
FM DOT 121900Z
CONFIDENTIAL
k.
HKK 164/1.
D
لمه خمر
No
A
See @
CONFIDENTIAL
TO PRIORITY BTC HONG KONG TELNO INDUS 8 OF 12 JANUARY
POWER STATION PROJECT
PLEASE PASS AS SOON AS POSSIBLE TEXT OF FOLLOWING LETTER TO KADOORIE FROM LIPPITT, REGARDING CLP/EE REQUEST THAT SCHRODERS BE NOMINATED AS LEAD BANK:
I AM SORRY I HAVE NOT REPEAT NOT REPLIED BEFORE NOW TO YOUR
LETTER OF 21 DECEMBER. I DID NOT REPEAT NOT RETURN FROM CHRISTMAS
LEAVE UNTIL RECENTLY BUT I HAVE GIVEN CONSIDERABLE THOUGHT TO
YOUR LETTER SINCE MY RETURN.
I FULLY UNDERSTAND YOUR WISH THAT SCHRODER WAGG SHOULD BE MANAGERS
OF THE US DOLLAR EXPORT FINANCE LOAN. THIS HAS BEEN DISCUSSED
BETWEEN G E C WHO, AS YOU KNOW, AS MAIN CONTRACTOR FORMALLY MAKE THE NOMINATION TO E C G D, AND LAZARDS, WHO HAD ALREADY BEEN
NOMINATED. ALL ARE PREPARED TO ACCEDE TO YOUR WISH ON THE UNDER- STANDING OF COURSE THAT THE COST OF EMPLOYING SCHRODERS WILL BE
FOR THE BUYERS' ACCOUNT.
I AM MOST ANXIOUS, HOWEVER, THAT THIS CHANGE SHOULD NOT REPEAT NOT IN ANY WAY UPSET THE SPECIAL ARRANGEMENTS IN RESPECT OF THIS
UNIQUE PACKAGE WHICH HAVE BEEN SO IMPORTANT IN THE SUCCESS OF THE
WORK SO FAR. IN PARTICULAR:
1 THAT THE DEPARTMENT OF INDUSTRY SHOULD CO-ORDINATE AND
SUPERVISE THE NEGOTIATIONS WITH CLP/EE:
11 THAT SCHRODERS SHOULD CONTINUE TO BE ABLE TO GIVE YOU
FINANCIAL ADVICE IN THE WEEKS AHEAD WITHOUT ANY POSSIBILITY
OF A CONFLICT OF INTEREST SO FAR AS EC G D IS CONCERNED,
CONFIDENTIAL
AFTER MUCH THOUGHT