:
D
Mn Mhe. Ouadet (3 пи Mn will go safis
і сён
RECEIVE
DE
INDEX
137
2 4 AUG 1981
•No Mo
8.51 ?
AGISTRY for Token
PP BTC HONG KONG
GRS 120
CONFIDENTIAL
FM D T | 131404Z AUG 81
TO PRIORITY BTC HONG KONG
TELEGRAM NUMBER CREDA 163 OF 13 AUGUST
FOR MARCH FROM BURLEIGH PEP
MASS TRANSIT RAILWAY METRO CAMMELL
HEED TRED
1. UNDERSTAND TONY SANSOME CURRENTLY IN HONG KONG. GRATEFUL IF YOU WOULD TELL HIM IN STRICT CONFIDENCE THAT AN ECGD SOLUTION TO HIS HONG KONG DOLLAR/STERLING CONVERSION PROBLEM SEEMS MOST UNLIKELY AND URGENT CONSIDERATION IS NOW BEING GIVEN TO ALTERNATIVE INDUSTRY ACT SUPPORT.
2. THIS IS BEING PRESSED HARD IN WHITEHALL AND INDUSTRIAL DEVELOPMENT UNIT IS CONTACTING RONAN AND LAZARDS. HOWEVER THERE ARE DIFFICULTIES IN USING INDUSTRY ACT FOR THIS TYPE OF SITUATION AND MINISTERIAL APPROVALS WILL BE REQUIRED. A FINAL DECISION IS UNLIKELY TO EMERGE BEFORE END OF AUGUST. SANSOME WILL NEED TO BEAR THIS TIMESCALE IN MIND IN HIS DISCUSSIONS WITH MTR AUTHORITY.
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