CO129-629-12 War Risk insurance- availability of contractors plant 1-2-1951 - 31-5-1951 — Page 23

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