WIB'L 51-7433
CONFIDENTIAL
Registry
No. HB 21/5
DRAFT LETTER
Type 1+
DRAFZ A
189
SECURITY CLASSIFICATION
To:-
From
Top Secret.
Secrét.XX
Confidential.
Remixedz Unclassified.x
PRIVACY MARKING
..In Confidence
K.W. Cotterill, Esq.,
Export Credits
Guarantee Deptartment, 59-67 Gresham Street,
London, E.C. 2.
Telephone No. & Ext.
Department
Copy of X-X of Sir A. Grattan- Bellew's minute of 28.8.68.
I refer to your letter SL/CW 24126/35 of
31 July, 1968 addressed to Lucas about the
Hong Kong Tunnel, to which I am replying in
Carter's absence.
The legal advice we have received
(I attach the opinion of one of our legal
advisers) indicates quite clearly that, in
the absence of a Hong Kong Government guarantee
for the whole loan, we cannot give you the
undertaking you seek. Even were the Hong Kong
Government to give such a guarantee we would
find it difficult to give you "an unsubordinated
right of access" over all other claims on the
Hong Kong Government assets.
NOTHING TO BE Written IN THIS MARGIN
Copy with enclosure to:
C. C. Lucas, Esq.
H.M. Treasury
ANS.
9/9/68
No comments yet.
Private notes are available after approval.