CONFIDENTIAL
21988
1
PROPOSAL TO HAVE IT WITH OTHER ECGD LOANS ON THE PROJECT IS NOT SO FULSOME AS THEIR FIRST PROPOSAL AT JANUARY MEETING WHEN THEY APPEARED TO BE WILLING TO BRING IN ALL OTHER LOANS BACKED BY
ECGD. WE THEREFORE MAKE THIS PROPOSAL NOW.
8
BOC HAVE SUGGESTED NUMBER OF ITEMS TO BE INCORPORATED IN LOAN DOCUMENT. UNTIL WE GET ON TO FULL CONSIDERATION OF THAT WE
SHOULD KEEP TO NORMAL FORM OF LOAN.
9
YOU SHOULD ALSO BE AWARE THAT FAIRLY DETAILED REPORT HAS APPEARED IN A TRADE MAGAZINE ON THE CAPITAL MARKET FUNDING PROPOSALS FOR GUANGDONG. SHOULD CHINESE SIDE RAISE THIS YOU SHOULD TAKE THE LINE THAT THIS IS A METHOD OF FUNDING PRACTISED BY A NUMBER OF CREDIT AGENCIES AND SOMETHING ECGD EXPECTS TO BE CONSIDERING IN SUITABLE CASES. YOU WILL RECALL CONTINGENCY BRIEFING-
PREPARED AT AN EARLIER STAGE.
GUANGDONG
LIMITED
[COPIES SENT TO NO 10 DOWNING STREET]
ADDITIONAL DISTRIBUTION
FED
NED
TRED
HKD
PUSD(MR CROWLEY) WED
P8
PS/MR RENTON PS/PUS
SIR W HARDING
MR DAUNT
MR WILSON
GUANGDONG NUCLEAR
CONFIDENTIAL