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 HAVELO TODAY, THAT THEY WOULD BE APPROACHING BALFOUR BEATTY TO SEEK RELEASE FROM THEIR OBLIGATIONS TO THE HONG KONG PROJECT. THIS INFORMATION SHOULD BE USED VERY CAREFULLY: ODELL WILL NOT WISH TO ACT ON IT UNTIL HIS COMPANY HAS CONFIRMED THE TERMS OF FERRANTI'S APPROACH.
6. (PARA 2). GEMMILL SHOULD BE GLAD TO SEE REFERENCE TO LAZARD'S ROLE: WE HAVE ADDED SCHRODERS TO QUOTE NOTES FOR EDITORS UNQUOTE.
7. FOLLOWING PEKING'S TELNO 133 AND YOUR INDUS 223 WE HAVE OF COURSE DELETED REFERENCE TO THE LINE TO CHINA. YOU WILL RECOGNISE THAT THE POUNDS 100 MILLION FIGURE USED BY KADOORIE, AND THEREFORE BY US, TACTILY IMPLIES THIS BUSINESS.
8. I SHOULD JUST STRESS THAT ON THE STRENGTH OF YOUR INDUS 220 (PARA 3) AND INDUS 223 WE HAVE ASSUMED THAT THE ANNOUNCEMENT BY KADOORIE WILL CERTAINLY BE MADE, IN THE TERMS REPORTED OR SOMETHING VERY LIKE THEM. WE SHALL BE IRREVOCABLY COMMITTED TO OUR PRESS RELEASE AT 0930 GMT TOMORROW 1.E. 30 MINUTES BEFORE CLP'S
AGM BEGINS AND ONE HOUR BEFORE THE RELEASE IS MADE. IT CANNOT THEN
BE STOPPED.
9. IN THE UNLIKELY EVENT THAT THIS STATE OF AFFAIRS IS UNACCEPTABLE (E.G. BECAUSE OF DOUBT WHETHER THE ANNOUNCEMENT WILL AFTER ALL BE MADE) YOU MUST CONTACT ME AND THE DEPARTMENT'S PRESS OFFICE AS MUCH BEFORE 0930 AS POSSIBLE. (MME TELEPHONE NUMBER IS 01-370-4972). ODELL SHOULD TAKE ANY NECESSARY ACTION WITH EB/BICC. THE RELEASE COULD THEN PERHAPS BE MADE LATER TOMORROW.
10. IF WE HEAR NOTHING FROM YOU, THE RELEASE WILL GO AHEAD AS
PLANNED.
OWEN
NNNN