CONFIDENTIAL
HKA 18217
20
035742
MDHIAN 8609
CONFIDENTIAL
FM HONG KONG
TO DESKBY 30110OZ FCO
TELNO 937
OF 30102OZ MARCH 92
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG
TOP COPY Q DIST?
FOR RICKETTS, HKD FROM GOVERNOR
15
YRTELNO 879: NEW AIRPORT: FUNDING ARRANGEMENTS
а
Mad3 3013
1. AS PROMISED IN MY TELNO 921, WE ARE NOW FAXING TO YOU A COPY OF THE AIRPORT COMMITTEE PAPER ON FUNDING ARRANGEMENTS WHICH WE PROPOSE TO PASS TO THE CHINESE ON WEDNESDAY, 1 APRIL.
2. THERE ARE ONE OR TWO REFINEMENTS STILL REQUIRED TO THE PAPER BUT THE COPY WE ARE FAXING TO YOU IS SUBSTANTIVELY IN THE FORM IT WILL TAKE WHEN PASSED TO THE CHINESE.
3. WE APPRECIATE THAT, AT FIRST GLANCE, THE PAPER WILL SEEM RATHER LONG AND COMPLEX. IT IS THE PRODUCT OF A FINANCIAL STUDY WHICH HAS TAKEN 1.5 YEARS. THE CHINESE WILL EXPECT A FAIRLY DETAILED ACCOUNT OF THE OUTCOME. MOREOVER, THE ARRANGEMENTS FOR HKG FINANCIAL SUPPORT ARE NECESSARILY MORE COMPLICATED THAN FOR THE AIRPORT RAILWAY BECAUSE THE PAA IS A NEW BODY WITHOUT A TRACK RECORD OF RAISING FINANCES.
WILSON
YYYY
ΜΑΙΝ
30
DISTRIBUTION
34
.HONG KONG AIRPORT RESTRICTED
HKD
LEGAL ADVISERS//MISS BROOKS PUSD//HD
ECONOMIC ADVISERS//HD
ERD//HD
FED//HD
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CONFIDENTIAL