MILNAN 8055
OCMIAN 8055
CONFIDENTIAL
PP HKBTC
FM INDUS TO HKBTC
25104OZ FEB
GRS 235-
CONFIDENTIAL
The Partin
18055 - 1
1/6
CONFIDENTIAL
FM DTI
TO PRIORITY BTC HONG KONG
TELNO INDUS 34
OF 25104OZ FEBRUARY 86
INFO PRIORITY PEKING, PARIS
MKK 166/1
RECEIVED BY REGISTRY 26 FER 1986
DESK OFFICER
INDEX
PA
RECRTAY Action Taken
хе
FROM ALTY
GUANGDONG NUCLEAR PROJECT
1
FURTHER TO TELECON ALTY/SEATON, I AM SETTING OUT
BACKGROUND TO RECENT CHINESE REQUEST FOR ECGD/DTI PRESENCE AT
NEGOTIATIONS IN SHENZHEN.
2
JVC AND BOC HAVE BEEN DISCUSSING A NUMBER OF DETAILED
FINANCIAL ISSUES WITH GEC/MIDLAND OVER THE PAST WEEK. THE
CHINESE SIDE HAS COMPLAINED THAT IN A NUMBER OF AREAS THE UK
PROCEDURES ARE TOO COMPLEX AND NOT AS FAVOURABLE AS THE FRENCH.
IN ADDITION THERE HAS BEEN A DISPUTE OVER THE AMOUNT OF ECGD
PREMIUM PAYABLE ON VARIATIONS TO THE MAIN CONTRACT. THE CHINESE
HAVE SAID THESE ISSUES MUST BE CLEARED UP BEFORE A LETTER OF
INTENT CAN BE SIGNED.
3
GEC/MIDLAND HAVE MADE CLEAR TO THE CHINESE THAT THEY DO
NOT HAVE AUTHORITY TO ALTER EXISTING ECGD PROCEDURES: HENCE THE
INVITATION LAST FRIDAY TO ECGD/DTI TO ATTEND FINANCIAL
DISCUSSIONS THIS WEEK IN SHENZHEN.
1
CONFIDENTIAL
14.