U
HOFO @11/12
00 D O I
Sex 353
GR 130
HKK 16411
RECE
IND
DeK OFFS
No i
14/14
MAY
TA 81
for
12
CONFIDENTIAL
FM BTC HONG KONG 123733Z DEC 78.
TO IMMEDIATE D.0.1.
TELNO.INDUS 228 OF 12 DECEMBER.
FOR THORNTON.
NO DISTRIBUTION
+ 5
Lop + 2
OF
bup R124
HK+GD TRED(2) PUSD (2)
YOUR INDUS 321 : LETTER OF INTENT FOR NEW HONG KONG
TRANSMISSION SYSTEM.
1. ODELL HAS PERSUADED CLP TO ACCEPT BOTH THE POINTS
IN YOUR PARA.3.
2. AFTER ODELL AND I HAD DEPLOYED THE GIST OF YOUR PARAS 4-9
WITH CLP AND BISCHOFF, THEY AGREED TO DROP THE FIRST SENTENCE
OF PARA.13 THUS ELIMINATING ECGD'S CONCERN ABOUT CLP'S ABILITY
TO ASSIGN RESPONSIBILITY FOR THE LOAN.
3. KADOORIE HAS REJECTED LIPPITT'S TELEXED SUPPORT OF BALFOUR BEATTY'S REQUEST FOR INTERIM PAYMENTS (SEE M.1.F.T). CDELL
AND I THINK IT WOULD BE UNWISE TO PRESS HIM FURTHER AND DO
NOT REPEAT NOT NOW RECOMMEND A TELEPHONE CALL AS SUGGESTED IN
MY INDUS 227.
4. YOUR INDUS 322. I HAVE INFORMED ODELL OF YOUR PARA.5.
MARCH