TNAG-0097-FCO40-133-Construction-of-a-Cross-Harbour-Tunnel-1968 — Page 285

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part of its equity on to the public, the Hong Kong

Government, etc., and this share of the equity would

be virtually unsaleable if it were to be loaded with

a joint and several guarantee.

The Hong Kong Government impressed upon the

Commonwealth Secretary the importance to Britain securing this contract if humanly possible. I know that its importance

is fully appreciated by ECGD and the Board of Trade.

I hope that it will be possible to do something to improve Costain's

offer in the general direction desired by Clague.

I am sending a copy of this letter to Morris in the Board of Trade.

A.. Snelling

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