TNAG-0098-FCO40-134-Construction-of-a-Cross-Harbour-Tunnel-1968 — Page 56

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Flaq

Flaq

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Flag 132

Sir. A. Galsworthy

MR. Mason

134

with (thro' Swi A.

Grattan-Bellew)

You will recall

Lord

"Shepherd's letter of 3151- July to hord

Brown

2.

*

and

The letter which crossed it

from No. Conterall of ECGI) to Pr. Lucast of the Treasury.

In discussion with Lord Shepherd he

suggested

that

we should quickly scotch

the proposition put in the ECG) letter by

3.

means of

of a further

further letter to Lord Brown, I thought it advisable, however,

draft should be

4.

That my

seen by legal advisers.

You will wish to see Sir A. Grattan-Bellew's

advice in

his minute of 28" August.

This is, I think, the end of the road

so far

an

we are concerned. A Hong Kong Gort quarantee for the whole loan is,

I am

quite sure, out of the question.

Short of

a ministerial direction to

ECGD

to

S can see

In view of

(Ghere

no way

The portical risk,

ont

The support of

The impasse.

B.

· of Trade

mariesters for ECGI)'s stand, such a

direction

would seemingly require the

elevation of the matter to Cabinet level.

In the curauenstances

and subject to

Sui A. Grattan- Bellew's comments-