CO129-629-12 War Risk insurance- availability of contractors plant 1-2-1951 - 31-5-1951 — Page 16

Tyrex

INWARD TELEGRAM.

TO THE SECRETARY OF STATE FOR THE COLONIES

COPY FOR REGISTRATION

AMENDED

FROM HONG KONG ( Sir A. Grantham)

i

16 12

DEFEN EK

22 MAY 1951 REGISTRY

IMMEDIATE

D. 17th May, 1951

10.35 hrs.

#1 R. 17th

No. 560 SECRET

Your telegram No. 601.

Netherlands Harbour Works.

Proposals agreed in your above mentioned telegram proved impracticable in view of your requirement that they should be kept confidential, and of fact that company would not be covered.

22

MAY

2. Accordingly arrangements have been made, subject to your approval, to purchase the equipment at an agreed valuation, not exceeding three million dollars, on an undertaking from the company to repurchase for the same price, in approximately two years time, completion of dredging work,

3. This will involve supplementary vote for this amount, but money will not (repeat not) be paid over to the @ontractors. It will be deposited in London to a joint account of this Government and Contractors

4. This is acceptable to company, which will use equipment as its own and insure it against commercial risks and, if possible, against war risk.

5.

1951

Finance Committee has been consulted and has agreed to the supplementary expenditure. Grateful for your approval,

Copies sent to

Ministry of Civil Aviation

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Air Ministry

Treasury

Board of Trade (Insurance

Company's Dept.)

Crown Agents

Crown Agents for the Colonies

Mr. W.C. Gawthorne Registry Tels. Mr. L.T.G. Sully Mr. D.F. Hubback Mr. J. Wright

Mr. Foxlee