Nkk 173/110
RECEIVED IN REGISTRY NO. 51. 300071973
DEK OFFICER INDEX
PA
No
REGISTRY
Action Taken
TW Thing Room
плив
53
00 BTC HONG KONG
GR165
CYPHER/CAT A
FM DTI 271838Z
CONFIDENTIAL
DOT/CRE 129
нкад
TRED
•PUs)
TO IMMEDIATE BTC HONG KONG TELNO CREDA 179 OF 27 OCTOBER
FOR MARCH FROM TWYMAN
YOUR CREDA 3221 METRO CAMMELL AND MASS TRANSIT RAILWAY (MTR) 1. THANK YOU FOR YOUR HELPFUL APPRECIATION.
2. WE HAVE DISCUSSED WITH ECGD THE POINT ON COST ESCALATION COVER. THEY WOULD EXPECT TO BE ABLE TO GIVE FOR STAGE 2 THE SAME COVER AS FOR STAGE 1, PROVIDED THAT THE CONTRACT IS SIGNED BEFORE MARCH 1979 AND IS IN THE SAME GENERAL FORM AS STAGE 1. SINCE THE FUTURE OF THE SCHEME IS NOT YET DECIDED IT WOULD BE PRUDENT FOR METCAM TO PLAN TO SIGN BEFORE END FEBRUARY. IF THERE IS ANY PROBLEM ABOUT THIS METCAM SHOULD CONTACT ECGD.
3. ON THE IMPORT GUARANTEE CALAUSE WE FIND THE POINT YOU MAKE ABOUT HK GOVT POLICY PERSUASIVE AND ARE INCLINED TO THE VIEW THAT THIS IS A RISK ON WHICH METCAM OUGHT TO MAKE THEIR OWN JUDGEMENT.
4. FOR YOU OWN INFORMATION WE SHALL BE REVIEWING THE POSITION WITH DEPT INDUSTRY VERY EARLY NEXT WEEK. IT WOULD BE HELPFUL TO HAVE DESKBY 300800Z A CLEARER IDEA OF THE POSSIBLE GAP BETWEEN METCAM AND COMPETITION. NO DOUBT YOU AND METCAM ARE SEEKING MORE INFORMATION
NNNN
Signature of Originator
گا