E
3148DIHO G
6000 NPCH G
DH
TWX 10
3.4.30
RICHARD BROWN DEPARTMENT OF INDUSTRY
THE NNC ACCEPT IN PRINCIPLE THE TERMS UNDER WHICH FINANCIAL SUPPORT FOR THE KWANGTUNG FEASIBILITY STUDY WILL BE MADE
IT THEREFORE AVAILABLE FROM THE OVERSEAS PROJECTS FUNDE. UNDERTAKES TO ENSURE THAT SUBSCRIPTIONS TO THE 50% OF THE TOTAL COSTS NOT TO SE PROVIDED FROM THE FUND WILL BE SUPPLIED THROUGH THE NNC. THIS UNDERTAKING IS GIVEN ON THE UNDERSTANDING THAT THE U.K. INPUTS TO THE FEASIBILITY STUDY WILL NOT EXCEED £200,000 HICH INCLUDES COSTS REASONABLY INCURRED FROM THE INITIATION OF THE PURJECT WITH THE PROJECT FUND MEETING A HALF.
CUR LETTER TO YOU OF TODAY'S DATE CONFIRMS OUR UNDERSTANDING.
WAK WICKS
BOOTHS HALL KNUTSFORD
666000 NPCBH G
PLS DELETE S FROM
THANK YOU TLX OP.
881 3148DIHA G SENT 2.05
THE WORD FUND IN 3RD LINE OF TELEX.