OO HONG KONG
GR
140
CYPHER CAT A
FM D T 1 071334Z
CONFIDENTIAL
HKK164/1.
Renato
INDEX
- JUN 1978
Wha
PAL PR
LG O. Teken
12X
Pl. attach ref.
Mr
th
руки
in
fu
бро
Power stake
عدة
No.
бер
ر هاك شکاو
нке
+2
See 139
TO IMMEDIATE HONG KONG \TELNO INDUS 125 OF 7 JUNE
FOR MARCH.
PLEASE THANK SIR SIDNEY FOR HIS RESPONSE TO THE MESSAGE IN MY NINDUS 117. SHORT ANSWERS TO HIS TWO QUERIES ARE
(A) THE DIFFERENCE BETWEEN THE TWO FIGURES GIVEN IN MY PARA D
ARISES SOLEY BECAUSE OF THE ADDITION OF ECGD PREMIUM FOR FINANCING AND COST ESCALATION COVER TO THE QUOTED PRICE FOR UNITS 3 AND 4 OF POUNDS STERLING 66,090,500. NEITHER OF THE TWO FIGURES QUOTED IN MY TELEX INCLUDE ANY ESTIMATED ESCALATION COSTS. THE RATE OF ESCALATION IS HOWEVER LIMITED TO 8 PERCENT PER ANNUM AS FROM 30 JUNE 1977 AS STATED IN
MY TELEX PARAGRAPH B.
(B) REGARDING THE ACCEPTANCE DATE OF 30 NOVEMBER 1978 I WOULD
REFER YOU TO PARAGRAPH F OF MY TELEX AND EMPHASISE THAT WE CAN MAKE NO COMMITMENT WHATSOEVER ON THE TERMS,
CONDITIONS AND AVAILABILITY OF FINANCING AND COST ESCALATION COVER BEYOND THAŤ DATE.
NNNN