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CONFIDENTIAL
DESKBY 240900Z
FM BTC HONG KONG 240625Z JAN 79
TO IMMEDIATE D O T
TELEGRAM NUMBER CREDA 36 OF 24 JANUARY
INFO DO I (FOR LIPPITT, DEPUTY SECRETARY).
FOR ROYCE, E D DIVISION.
YOUR CREDA 18: MTR AND KCR CONTRACTS.
1. I HAVE NO FURTHER COMMENTS EXCEPT TO STRESS THAT I NEED TO BE
ABLE TO PUT PROPOSALS TO THOMPSON TOMORROW MORNING AND THEREFORE MUST HAVE INSTRUCTIONS BY 250100Z
2. ABSOLUTE DEADLINE FOR THE MTR IS FRIDAY MORNING WHEN THE SUBMISSION TO THE BOARD WILL BE PUT TO BED.
3. I UNDERSTAND THAT HUGO KINDERSLEY HAS SPOKEN TO THOMPSON . WHO WAS NOT HAPPY ABOUT SEEING THE MTR ACTING AS AN INVESTMENT AGENCY AS WOULD BE REQUIRED BY GEMMILL'S STRATEGY OUTLINED IN
PARA 4 OF MY INDUS 17. JUDGE IT BETTER NOT TO SPEAK TO THOMPSON UNTIL I HAVE SOMETHING DEFINITE TO PROPOSE.
4. I SHALL OF COURSE MAKE IT CLEAR THAT ANY OFFER WOULD BE ENTIRELY CONDITIONAL ON METCAM'S SUCCESS AND THAT WE WOULD EXPECT
MTR TO REJECT ANY FURTHER ADJUSTMENTS BY THE COMPETITION.
MARCH
NANN