Miss J Kelley
clearance of these proposals and also that of David Shilson to whom I spoke yesterday.
7 For the record our sterling commitment for phase 1 is £120m repayable over 12 years starting in 1980. The commitment for the option is £21m equivalent in HK dollars repayable over 8 years from 1980 and for phase 2, assuming British tenderers are successful, a maximum of £100m repayable over 8 years from 1932.
8 All these commitments will be guaranteed by the Hong Kong Government and we have no doubts about the viability of the project and the Government's ability to support the Mass Transit in meeting this commitment.
sincer
Your smesty
CC Birch
сс
D Shilson
BOE
RM Prideaux
ODM
M Hodgkiss
DOT
J Ayres
FCO
PGF Bryant
J W Davey
M Oldham
DOT (OPG)
MOD DOI
Miss M Z Terry
CRE4 DOT
G H Gillings
D H Twyford
D C Cooper
JCW Friend
D M March
DOI (M3)
ECGD
Hong Kong
2
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