GR 343
IMMEDIATE
CYPHER CAT A
FM BTC HONG KONG 170925Z
UNCLASSIFIED
COMMERCIAL IN CONFIDENCE
HKK 173/1.
1 MAY 1978
07 OFFICE! INDEX
No
TO IMMEDIATE E C G D TELNO EXCED 18 OF 17 MAY 1978.
FOR P N CHASE, E C G D SOLICITORS.
s
FOLLOWING MESSAGE IS RELAYED ON BEHALF OF MESSRS LO AND LO.
BEGINS
MTR SOLICITOR HAS CONTACTED US ON THE FOLLOWING MATTERS :
1. MTR WISHES TO OBTAIN YOUR APPROVAL OF THE FOLLOWING DRAFT RESOLUTION BY TOMORROW MAY 18 SO THAT RESOLUTION CAN BE PUT ON
AGENDAN AND PASSED AT LEGISLATIVE COUNCIL MEETING ON MAY 24 AS
OTHERWISE IT WILL BE DELAYED TILL NEXT MEETING ON JUNE 7 :
RESOLUTION OF THE LEGISLATIVE COUNCIL
RESOLUTION MADE AND PASSED BY THE LEGISLATIVE COUNCIL
UNDER S.12(1) OF THE MASS TRANSIT RAILWAY CORPORATION
ORDINANCE THAT THE FINANCIAL SECRETARY ON BEHALF OF THE
GOVERNMENT MAY GRANT A GUARANTEE IN RESPECT OF THE
REPAYMENT OF LOANS MADE TO AND THE DISCHARGE OF THE
INDEBTEDNESS OF THE MASS TRANSIT RAILWAY CORPORATION UNDER
THE FACILITIES SPECIFIED IN THE SCHEDULE HERETO UP TO THE
AMOUNTS SPECIFIED IN RESPECT THEREOF.
1. A LOAN ARRANGED BY
LAZARD BROTHERS
AND CO LTD AND
PROVIDED BY
SCHRODERS AND
CHARTERED AS AGENT
TO FINANCE CONTRACTS
PLACED IN THE UK.
204 MILLION DOLLARS
AND SUCH AMOUNTS
AS MAY BECOME
PAYABLE IN RESPECT
OF INTEREST.
WE DO NOT KNOW WHETHER AMOUNTS SPECIFIED ARE CORRECT. OTHERWISE THE RESOLUTION APPEARS SATISFACTORY,
34
2. IF WE ARE