(a) Interest Charges
i)
2
We shall explain that this
large advance, if invested
elsewhere,
normally
would
accrue considerable amounts
of interest to the benefit of
Hong
Kong
people.
therefore would offer
We
an
advance at a commercial rate
of interest. If as expected the Chinese Authority reject
this
would
concept
we
consider waiving of interest
provided that -
a) the
Chinese
Authority
were able to confirm that
interest will not
be
charged
by
other
b)
financing parties; and
reasonable
agreement
could be reached on water
prices,
technical
requirements and water
quality (paragraphs 2 to
6)
ii) If
the Chinese Authority
admit that interest will be
paid to the other financing parties but reject interest