bound to reserve its position and cannot (repeat
cannot) accept that any liability will necessarily
fall on H.M.G. in this matter.
Whild'
2. I appreciate the points made in paragraph 1 and 2
of your telegram No. 537
NäbmotakishNAPALADANO
sukariritomaty raft the Cleverment^orong Keng itself
taking action rear the lines proposed on the clossy
understanding/indicated in paragraph (1) above shoulch
however
Should you decide that it is essential to proceed
with the arrangements suggested you will doubtless
ensure as far as possible that arrangements are kept
strictly confidential between the Hong Kong Government
and the company, and that the company takes out a
commercial insurance in respect of the plan so as at
least to be covered to the extent stated in your
it
telegram No. 418. Moreover you may feel/desirable to
build up a reserve fund in respect of the contingent
liability of the Hong Kong Government more rapidly
than suggested in paragraph 3 of your telegram.
am
nevertheles
for the reasons giver
shove
to reluctant to
Hugtto Ger the
proposals umplimented.
K