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BERKELEY ST T.H.G.S.Ltd TEL: 071-493-5484

21

08.11.90 12:05 No.018 P.04

d)

Corporation and incorporates a detailed proposal for financing the works drawn up by Schroders. We had intended submitting it for consideration to

W the Hong Kong Government during the cause of this months.

indicate liht However, the Chief Secretary was recently in touch with me to warn that the

mor- to neuene Government, contrary to its earlier indications, no longer wish at the base

La pre-emptive proposal and indeed would prefer not to receive it. He has confirmed this view to the Senior British Trade Commissioner in Hong Kong. This is a considerable disappointment for us, as a very great deal of time and money has been spent over the last twelve months in preparing the proposal, in the belief that it was viewed in Hong Kong as a constructive contribution to furthering the Airport Project. At the same time, we fully understand that the political sensitivity surrounding the Project is a factor the Hong Kong Government must/inc

increasingly take into account and we certainly would not wish to take any action that might embarrass the Government, with whom

we hope to continue to work to realise the Project.

cause difficulties

+)

9)

I am therefore writing to let you know that, having discussed this with officials of HMG, we have decided not to submit our pre-emptive proposal for

Loneulo 2 am convinced that her toppen aftagach offer deal

in the Airport Platform works. It will nevertheless remain valable should you

wineguts and our proposal they umans available, honald you at any stage wish to consider our proposal.

дам

SIR GORDON MANZIE, KCB

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