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OCMIAN 0616
CONFIDENTIAL
OO HOKON
FM FCOLN TO HOKON
151350Z JUN
GRS 173
CONFIDENTIAL
FM FCO
TO IMMEDIATE HONG KONG
TELNO 1594
OF 151350Z JUNE 87
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PERSONAL FOR CLIFT FROM HUM, HKD
YOUR TELNO 2277: KOWLOON CANTON RAILWAY CORPORATION
1.
YOU ARE RIGHT TO ASSUME THAT THE MERCHANT BANKER IN
QUESTION WAS EUGSTER OF KLEINWORT BENSON. HE WAS IN TOUCH WITH
HUMPHREY MAUD ON 7 JUNE.
!
2.
WE WERE GRATEFUL TO HAVE THIS USEFUL BACKGROUND. IT
WOULD HOWEVER BE HELPFUL ALSO TO HAVE YOUR ADVICE ON THE LINE WE
SHOULD TAKE WITH EUGSTER WHEN WE REPLY TO HIS QUESTIONS. WE
ASSUME THAT YOU WOULD NOT WANT US TO ENCOURAGE HIM TO JUMP TO THE
CONCLUSION THAT PRIVATISATION OF THE KCRC IS A STARTER FOR THE
TIME BEING, NOT LEAST BECAUSE OF THE POTENTIAL COMPLICATION OF A
MERGER WITH THE MTR. WE ALSO NOTE AND AGREE (PARA 6 OF YOUR TUR) THAT THE CHINESE REACTION WOULD NEED TO BE CONSIDÈREU. PRESUMABLY
GREAT CARE WILL BE REQUIRED TO AVOID ANY SUGGESTION OF THE QUOTE
FAMILY SILVER UNQUOTE BEING SOLD OFF BEFORE 1997.
HOWE
OCMIAN 0616
LiMiTED.
нно
FED.
MR. MCLAREN
MR.MAUA
1
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