CONFIDENTIAL

DEPARTMENT OF INDUSTRY

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Mr G Stevens

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Department of Energy

нни

Dear Seoffrey,

GUANGDONG

Your reference

Our reference

HKU 166/1

Date

علل

£3." Act

45.

27 October 1981

As promised at the 12 October Strategy Group meeting I am enclosing a rough first draft which might lead to a submission to Ministers on the financial aspects of the Guangdong project.

-

nevertheless it

You will know the case is riddled with imponderables was thought worthwhile to attempt to refine our thinking on at least some of the basic financial issues against the possibility that we may suddenly be called forward to negotiate.

Any observations, additions and amendments recipients may have to offer on the paper will be greatly valued. If possible please arrange for contributions to reach me by 4 November

This letter is copied to Bob Adams (Treasury), Richard Ranson (ECGD), Alan Paul (FED-FCO), Martin Roberts (JNU-FCO), Alan Friar (HKG-FCO) and Roger Allen (CRE).

Yours sincerely,

кин мешка

Keith Newton

V3391

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