34
00
BTC HONG KONG
(DESKBY 120100Z)
GPS....680
CONFIDENTIAL
NO DISTRIBUTION TRED
нкар
(348)
DESKBY 120102Z
FM DT1 112050Z DEC 78
TO IMMEDIATE BTC HONG KONG
TELEGRAM NUMBER INDUS 322 OF 11 DECEMBER 1978
FED
#kki bull
K
129
INFO IMMEDIATE PEKING
See Bug
FOR MARCH FROM THORNTON
PRESS RELEASE
OFFICE
INDEX
ль
#Y
Achou Takan
2
3/13
1. M.I.F.T. CONTAINS THE FINAL TEXT OF THE DEPARTMENT'S PRESS RELEASE, TIMED TO GO OUT AT 1030Z TOMORROW. PLEASE PASS COPIES TO SIR LAWRENCE KADOORIE, KEN ODELL, AND DAVID GEMMILL.
2. ONE OR TWO COMMENTS ON THE TEXT, (PARA 1) THE PHRASE QUOTE A CONTRACT WILL SHORTLY BE SIGNED UNQUOTE FOLLOWS SIR LAWRENCE KADOORIE'S STATEMENT IN YOUR INDUS 226: IT AVOIDS THE PROBLEM OF WHETHER A LETTER OF INTENT QUOTE HAS BEEN UNQUOTE OR QUOTE WILL BE UNQUOTE ISSUED, WHICH, BY THE TIME WE KNEW, IT WOULD BE TOO LATE TO REFLECT IN OUR RELEASE. QUOTE APPROXIMATELY POUNDS 100 MILLION UNQUOTE ALSO FOLLOWS KADOORIE.
3. I HAVE SUGGESTED TO BALFOUR BEATTY HERE THAT THEY ADOPT WORDING CONSISTENT WITH THE ABOVE.
4. (PARAS 1,2) THE WORDING ON SUBCONTRACTORS (AND THEIR FACTORIES) RECOGNISES THE NEED TO AVOID THE TRANSFORMER MANUFACTURER DIFFICULTY, BUT ALSO OUR WISH TO NAME AS MANY NAMES, AND ESPECIALLY LOCATIONS FOR EMPLOYMENT, AS POSSIBLE. IF ASKED, OUR PRESS OFFICE WOULD SAY THAT THE CLIENT HAS NOT FINALLY DECIDED ON THE ALLOCATION OF TRANS- FORMERS, BUT THAT THEY WILL COME FROM U.K. MANUFACTURERS.
5. FOR YOUR OWN INFORMATIONS, AND IN CONFIDENCE FOR ODELL PERSONAL- LY, YOU SHOULD KNOW THAT BRUCE CALVERLEY (FERRANTI) TOLD HAVELOCK TODAY THAT THEY WOULD BE APPROACHING BALFOUR BEATTY TO SEEK RELEASE FROM THE IR OBLIGATIONS TO