Draft kross Notica
for
Loone
16 April.
Hong Kong Harbour Tannol
Agreement on Financial Arrangemanta
حمود
Acrocmont in principle has bean rozobed in London betweon The Cros3- Harbour Tunnel Co. Ltd. of Hong Kong and Lloyds Bank Ltd. an tho movicion of a loan to financo the construction of the Hong Kong Cross-Harbour Tunnol. Cho loan, which will be guaranteed by B.C.G.D., will be for a mazdimum of
million.
The Tunnel Company are now Trooooding to detailed negotiations with tunecatium ded by Cortain Civil'Ingineering 142, and it is hopod “litti Gowerɖow vill bo cigija next month. The loan will then basx Antorost bi yously at j4 por cont per entva, and váll to repayable in half-yocrly inutizonts evor Davor yours from the ustimated deto of complotion of the Tunnel.
The woopaotive shirobolders of The Crono Bumbour Tunnel Co. Ltd. cra Maculock Harden & Co. Ltd., Katoláson International Ltd., Tho' Covernment of Hong Kong, The Hongleng and Shanghai Banking Corporation, Kwong Kan Ltd., und Sir may Kadoorio Susseczoru Ltd. Tho Chareholders vill soventily Stavanice the loan, and the Tunnel Company váll also be giving a Micstimg shezgo over the Company'a ascote.
The tunnel will movido a much-necdot truz?io link between Ho...... Kens folend and the City of Kowloch, a czossing which has up to now boon paved only by volicular forsion. The four-lano tunnol vill bo built by the Armorsed tubo mathod, the fiunt to be built by this.tochniquo in Asia and thoughs to bo the longest of itu tyro in the world. Sho consulting engineers to the project are tho British firma of Scott and Wäälda, Kirkpatwick and Partnera silk Freeman, Fox and Panimoza
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