TNAG-0097-FCO40-133-Construction-of-a-Cross-Harbour-Tunnel-1968 — Page 145

5.

that the Hong Kong Government alone would

provide the guarantee.

It is not clear if

this is solely because the companies said in

June that they were no longer prepared to give

guarantees or also because the Treasury/E.C.G.D.

would no longer accept their guarantees Or

at least would accept them only in relation to

a 100% guarantee.

London,

15th September, 1967.

J.JJCOWPERTHWAITE,

FINANCIAL SECRETARY