XN000022-1994-10-11 — Page 3

2

TUESDAY, OCTOBER 11, 1994

QUESTION:

SO, YOU DO THINK THAT THAT SHOULD BE AS RESTRICTIVE AS RIGHT NOW, AS RESTRICTED TO TEN PERSONS..

+

WE

FS:

WE'D

STARTED HAVE TO THINK VERY CAREFULLY BEFORE GOING INTO THE ACTUAL INVESTMENT DECISIONS AND THE ACTUAL INVESTMENTS, AS OPPOSED TO THE BROAD CRITERIA.

QUESTION:

AND THESE GUIDELINES SHOULD BE OBSERVED?

FS:

YES,

I'M SURE IT SHOULD. I MEAN THERE WILL NEVER BE A DAY WHEN EVERYONE KNOWS EXACTLY WHAT THE INVESTMENT DECISIONS ARE

THAT WOULD THE

OBVIOUSLY, OTHERWISE, EXCHANGE FUND.

IN

LEAD

то

SPECULATION.

QUESTION:

+

BID TO THE CONTAINER TERMINAL, AND HOW'S

PROGRESS

OF CT10 AND CT11?

-

WELL, AS YOU KNOW, WHILE WE CARRY ON TRYING TO GET CT9 WE ARE ALSO LOOKING AT OR UP FROM THE WATER PERHAPS

SO

WE

PRETTY FAST.

HAVEN'T

ACTUALLY

FS:

OFF THE GROUND

CT10 AND 11. WE NEED TO GET ON WITH CT10 AND 11 WE'RE LOOKING AT ALL OF THEM, CT9, 10 AND 11. MADE ANY DECISIONS ON 10 AND 11 YET.

QUESTION:

PROJECTS.

AND

YOU KNOW, THE DISPUTE HAS YET TO BE RESOLVED. HOWEVER, THE GOVERNMENT HAS SAID IT WILL GO AHEAD WITH CT10 AND CT11 WILL IT OFFEND CHINA? DO YOU THINK IT WILL OFFEND CHINA FURTHER MAKE IT MORE UNCO-OPERATIVE ON FUTURE PROJECTS?

FS:

I DON'T THINK SO AT ALL. I MEAN NO,

IT WAS ALWAYS WE WERE INTENDED. IT WAS NEVER THAT WE WERE JUST GOING TO DO CT9,

AND I ALWAYS GOING TO DO 9, AND AS THE NUMBERS SUGGEST, 10 AND 11.

BUT IN THE NEXT GUESS LATER ON THERE WILL BE 12 AND SO ON AND SO ON.

SO I DON'T THINK FEW

9, 10 AND 11 WOULD BE THE PRIORITIES. YEARS, THERE IS ANY CONTROVERSY OVER 10 AND 11.

QUESTION:

FS:

QUESTION:

WILL CT10 BE RAISED IN THE NEXT JLG ITINERARY

I DON'T KNOW YET. WE HAVEN'T DECIDED YET.

?

ARE YOU GOING TO GIVE A BRIEFING TO THE ON CT10 BEFORE IT GOES TO TENDER

CHINESE SIDE

·

FS:

I'VE NO DOUBT WE'LL BE QUITE TRANSPARENT ON 11, THERE'S NO PARTICULAR SECRETS THERE.

CT10 AND

CT9 AND CT10. YOUR SIDE WOULD LIKE TO QUESTION: RESOLVE THE CT9 CONTROVERSY FIRST

FINISH AND

FS:

WELL, I WOULD LIKE TO RESOLVE THE CT9 CONTROVERSY, BUT DONE. I DON'T QUITE SEE AT THE MOMENT EXACTLY HOW THAT'S GOING TO BE THAT'S THE PROBLEM.

/QUESTION: