1
GRS 500
CONFIDENTHAL
FM PEKING
TO DESKBY 06090OZ DTH:
TELNO HINDUS 006
OF 0603OOZ JANUARY 86
CONFIDENTIAL
AND TO DESKBY 06090OZ FCO
MKK 166/1
RECEIVED IN REGISTRY
06 JAN1986
DESK OFFICER
INDEX
PA
REGISTEN
Acton Taken
UNFO IMMEDIATE BTC HONG KONG, PARIS (FOR PARAGRAPH 5).
Barton
FROM BENJAMIN
YOUR TEL NO INDUS 5: GUANGDONG NUCLEAR PROJECT: MINISTERIAL PRESS
RELEASE
1.
#. SUGGEST THAT, IN ORDER TO CATER FOR CHINESE AND OTHER SENSIBILITIES AND TO GIVE MORE CREDIT WHERE THIS IS DUE, THE PROPOSED TEXT SHOULD BE REVISED TO READ AS FOLLOWS:
QUOTE:
1.
AM DELIGHTED TO ANNOUNCE THAT THE FINANCIAL MEMORANDUM «IN
SUPPORT OF GEC'S AGREEMENT ON THE TURBINE HSLAND OF THE GUANGDONG
NUCLEAR PROJECT HAS BEEN SIGNED IN PEKING BY REPRESENTATIVES OF
THE DT AND THE BANK OF CHINA. THIS UNDERLINES THE KEY IMPORTANCE
OF FINANCE IN SETTING UP SUCH MAJOR PROJECTS, AND THE ROLE OF DTH
AND ECGD IN WORKING TOGETHER WITH BRITISH COMPANIES AND BANKS.
2.
THE GUANGDONG NUCLEAR PROJECT ITSELF IS A TRIBUTE TO THE
COMMITMENT AND EFFORTS OF MANY PEOPLE IN CHINA HONG KONG, FRANCE AND THE UNITED KINGDOM, WHO HAVE CARRIED THE VENTURE FORWARD FROM HITS EARLIEST BEGINNINGS SOME FIVE YEARS AGO TO THE POINT WHERE FINAL NEGOTIATIONS COULD BE COMPLETED. DT'S COORDINATING TEAM HAS WORKED CLOSELY WITH AGENCHES FROM ALL THE PARTICIPATHING COUNTRIES FROM THE START. OUR EMBASSY IN PEKING AND OUR TRADE COMMISSION
N HONG KONG HAVE ALSO BEEN VERY MUCH #NVOLVED.
3.
THE CONTRACT WILL BE VALUED AT OVER POUNDS 250 MILLION AND
WILL HAVE WIDE BENEFITS. HIT WILL GIVE HIGH QUALITY WORK TO GEC AND MANY SUB-CONTRACTORS AND SUPPLIERS. HIT WILL STRENGTHEN ECONOMIC THES BETWEEN CHINA, HONG KONG AND THE UNITED KINGDOM. AND AM SURE T WILL LEAD TO INCREASED BUSINESS COOPERATION BETWEEN BRITISH
COMPANIES AND THEIR COUNTERPARTS IN CHINA.
4.
FINALLY,' HE WOULD LIKE TO GIVE MY BEST WISHES FOR SUCCESS TO ALL THOSE INVOLVED IN THIS UNIQUE AND MAJOR HNTERNATIONAL COLLABORATION. UNQUOTE.
THE AMBASSADOR CONCURS.
2.
WE HAVE CHECKED THIS LINE WITH GEC STAFF HERE, BUT IT SHOULD BE CHECKED ALSO WITH THE COMPANY PRESS PEOPLE IN THE UNITED
KINGDOM.
3. HN DISCUSSIONS LAST NIGHT ON MOU, TWO ISSUES OF PRINCIPLE
REMAINED UNRESOLVED:
CONFIDENTIAL
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