sr.5.19.8
£200-300 million. If there are to be post-1999 maturities then a first class bank guarantee seems essential. I understand that the Foreign Office can go along with a requirement that "a first class bank guarantee" be required for post-1999 majorities. This should not cause difficulty with regard to Hong Kong interests.
I am copying this letter to the recipients of yours.
Yows sincerty
Ruger Wirts
R JT WATTS