Registry No. HKK 21/4
Hina Ката
DEPARTMENT
SECURITY CLASSIFICATION
PRIORITY MARKINGS
(Date)
Top Secret
Secret XX
Confidential
Xin classifiedX
Flashy Immediate Priority Routine X
*
**
Date and time (G.M.T.) telegram should
reach addressee(s).
Despatched
PRIVACY MARKING
In Confidence
[ Security_classification"
—if any
En Clair.
[
Privacy marking -if any
]
12/2
17037
CONFIDENT IAL
NOTHING TO BE WRITTEN IN THIS MARGIN
17/2
Code Cypher
Draft Telegram to:—
Gavardal, Huk Kichk
119
No.
(Date)
And to:-
12/2
Repeat to:-
Saving to:-
Distribution:-
As for H.K.Tel.
No. 127
Copies to:-
Mr. K..Cotterill
Cotter F.C.G/D.
>
Mr. C.. Lucas,
Treasury.
r. Zovers,
Board of Trade
[Codeword-if any]
Addressed to
telegram ..............
And to
repeated for information to
Saving to
GOVERNOR,
HONG KONG
(date)
Your Telegram No. 127. Hong Kong Tunnel.
The position agreed in April/May 1967 was that the political risk of Chinese takeover should not be
borne by the guaranteed ECGD were prepared to
The political
accept this risk and in doing so expected to be able
t
to pursue any redress in Hong Kong, but not beyond
Hong Kong, in the knowledge that if the worst happened it would probably not be possible to pursue recoveries in Hong Kong.
2. This is substantially ECGD's present position. They are sorry their reply to Hannam's enquiry appeared evasive: It was not their intention. stated above The intention is to take the equity shareholders as risks in their Hong Kong capacities.
This means that if there was a foreign takeover the UK lenders would remain creditors of these Hong Kong entities and could, if HMG registered claims in respect of UK assets and debts outstanding to its nationals, enter claims for compensation. nothing exceptional in this.
There is
Cbviously the claims
must be pursued as, say, were enemy debts or debts in occupied territories after the last war. It
/ would ...
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