TNAG-0170-FCO40-206-British-Trade-Commissioner-1969 — Page 69

(118281) Dd. 391599 1,500M

W(B)L 51-7433

NOTHING TO BE WR

Registry

No. HKK 6/548/3

SECURITY CLASSIFICATION

Top Secret.

Secret.

Confidential,

Restricted. Unclassified.

PRIVACY MARKING

In Confidence

DRAFT

LETTER

To:-

ли

25

M. P. V. Hannam, Esq.,

United Kingdom Trade

Commissioner,

HONG KONG

Type 1 +

From

43

W. S. Carter

Telephone No. & Ext.

Department

Now I

I had intended writing before Easter. tosay The Gap is an enormouse one. I must exprere my sincere am later than ever with my newsletter to your Complete contrition.

ག་བ

2

Now that the Tunnel project is home

and dry

disagreements

barring last minute

on detail

wish to expiren cur

and helpful

We here

' and admiration

Gratitude for the

skilful way in which

in which you have

handled in alters at your end.

your

But for

adinmestration's

think the Tunnel Co.

would not so

early have retiraced Melvin the pala

into the arms of

ECG) -hor for

that matter

world ECG) have so

readily received them. The

e

neg diations

for

canted us a little anxiety in the

latter stages when it came to

defineną

The political circumstances

in which the separate quarantees of

Ihe shareholders

be whind

se

world mat

not apply.

S

However, we had always anticipated

bonus so far seems to be that the Company and broadly acceptable the Department's proposals for proportionate

guarantees. Evidently the Company's own lawyer has

varying come up with a helpful suggestion for following the formula for dealing with the political risks.

13.