TNAG-0097-FCO40-133-Construction-of-a-Cross-Harbour-Tunnel-1968 — Page 194

21 JU4507

TELEX-OUT

MR. J. SOWDEN

FROM THE CROSS-HARBOUR TUNNEL COMPANY

21ST JULY, 1967

YOUR TELEX 20TH JULY. REFERENCE (B) HAVE CONSULTED WITH

GOVERNMENT AND REGRET CANNOT UNDER ANY CIRCUMSTANCES PROCEED

FURTHER UNLESS YOU AGREE THE FUNDAMENTAL PRINCIPLE THAT AN

EXACT BUDGET DE DRAWN-UP FOR THESE ITEMS AND A CEILING ON

OUR EXPENDITURE ANTICIPATED, NEGOTIATED AND AGREED. THIS IS

BASIS PROMISED TO GOVERNMENT AND OUR SHAREHOLDERS AND TO ACCEPT

ANYTHING LESS WILL NEGATE ALL EFFORTS MADE TO DATE.

ALL OTHER MATTERS AGREED BUT WE MUST HAVE YOUR CONFIRMATION

THIS POINT.+?

MESSAGE ENDS

HOW RECD+7

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