they should only guarantee 60% of the loan. We do mt yet have a

satisfactory solution.

Lord Kadoorie attaches particular importance to this project

not because his company needs the electricity which will be genera-

ted, but because he sees it as an important way of increasing the

inter-dependence of the Peoples Republic and Hong Kong,

and as a way of smoothing over the expiration of the Lease in 1997.

Lord Kadoorie and members of his company had been invited to Peking

in the middle of November.

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