TNAG-0206-FCO40-242-Construction-of-a-cross-harbour-tunnel--under-Hong-Kong-harb-1969 — Page 149

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E.C.G.D.

M/2/69

Michael Montague, Esq., Chairman,

The Committee for Exports to Asia, 6-14 Dean Farrar Street, London,

.W.1.

K.W.C. 8.1.69

Minister of State

(Lord Brown)

Thank you for your letter of

3rd January about the Hong Kong

Tunnel.

I understand that French

bankers have made a provisional

offer in respect of this project.

It is, however, dependent on

official support by the French

authorities who are in touch with

E.C.G.D.

We believe that our conditions

for underwriting are sensible and we

see no reason to change them.

I will write to you again if

there are any further developments.