XN000022-1995-06-16 — Page 3

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FS: I don't want to elaborate because my aim is to try and reach agreement and avoid those difficult choices.

I'm giving favour to this questioner merely because of the noise problem but try, yes.

Question: When does the money start to run out?

FS: Sorry? When does the money start to run out? I don't want to be too specific. But the main crunch comes with the airport. The railway money lasts rather longer, And we can't go on for very much longer making new commitments on the airport or we will run out of money.

Question: Could be it as early as late July...(inaudible)?

FS; I'm not going to be more specific, I'm afraid, because my aim is, as I say, to have the right atmosphere to reach agreement.

Question: Have any investors or contractors expressed their concern or worries over the delay of the opening of the airport?

FS: Well, yes and no. I mean I think probably investors and potential lenders are rather used to this project involving rather a lot of talks - rather more talks than one would be used to in a major project. But as you can see today, the fact is that we have made very good progress and that's a hopeful sign I think, and it keeps people interested. We are certainly quite confident that potential investors and lenders are still very interested in this project. But of course they will want to see the fine print.

Question: Is there a large gap between the Chinese and the British sides...(inaudible)?

FS: Is there a large gap? No, there is not a large gap.

Question: How large is the gap?

FS: I'm not going to go into the detail. The gap isn't very large.

Question: What will happen if the money runs out?

FS: Well, I say we will have to face that when it actually happens. At the moment I try to be positive and we'll try and reach agreement.