TNAG-0098-FCO40-134-Construction-of-a-Cross-Harbour-Tunnel-1968 — Page 21

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Registry No.

Top Secret.

Secret.

Confidential.

Restricted.

Unclassified.

DRAFT

To:-

Type 1 +

From

Telephone No. & Ext.

Department

Then naturally repeated their

argument that an "infrastructure.

hubha

project of Service nature anot

basebally wandestate in by gevements wirs a proper canchdirte for a Government-

such

Guarantee in any Curcumstances; krejects were normally

undertaken by Governments or publi authorities and automatically

carried sonar for a

government- quarand fee

and that

the requirement's they

the

were seeking must in all

Curcumstances.

See

ther be regarded as

A

mmimum.

At this stage

S could

that nothing short of

a

to ECGD

world

iniriisterial directive

19hore

resolve

The political risk The matter. That clearly

was not going to come from the

Board

Trade ministers. Nor

cd it seem

that we

for such a

were directive

likely

to get any support from Treasury

emisters.

disposed to

Judgment

The Treammy were not

to query ECG)'s

as to the right

underwriting standards

to adopt

and left it to

#3

in

the

97499 St.S.

NOTHING TO BE WRITTEN IN THIS MARGIN

Commonwealth office to urge any

special political Consideration's

that might justify a departure

from normal underwriting

standards.

This

5 felt unable

3t is widely known

to do. of

that the H.K. Gart. does not sure a high priority to the project; and, of

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