TNAG-0207-FCO40-243-Construction-of-a-cross-harbour-tunnel--under-Hong-Kong-harb-1969 — Page 107

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2.

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CYPHER/CAT A

CONFIDENTIAL

PRIORITY HONG KONG TO EXPORT CREDITS GUARANTEE DEPARTMENT TELNO EXCED 50 7 MARCH, 1969

CONFIDENTIAL

FOR COTTERILL FROM HANNAM.

TUNNEL.

FURTHER TO MY EXCED 49 AND MY LETTER OF 7 MARCH IN TOMORROW'S BAG. I HAVE NOW OBTAINED A COPY OF A LETTER OF 3 MARCH FROM THE TUNNEL

COMPANY TO THEIR CONSULTING ENGINEERS, SCOTT WILSON IN KOWLOON.

THE FIRST PARAGRAPH READS :

THE STAGE HAS NOW BEEN REACHED WHERE THERE IS A MUTUALLY ACCEPT-

ABLE BASIS FOR A FINANCE AGREEMENT WITH E.C.G.D.

THIS BEING SO, IT

IS OUR INTENTION TO COMMENCE AS EARLY AS POSSIBLE NEGOTIATIONS WITH

THE COSTAIN CONSORTIUM WITH THE VIEW TO AWARDING THEM THE CONTRACT

TO CONSTRUCT THE CROSS-HARBOUR TUNNEL. .

2. THE PENULTIMATE PARAGRAPH READS :-

WE CAN UNDERSTAND WARINESS ON THE PART OF COSTAINS TO COMME CE

WORKON THE CONTRACT BEFORE AGREEMENT BEING REACHED BETWEEN THE

COMPANY AND E.C.G.D. IT IS THEREFORE OUR INTENTION TO COMMENCE

IMMEDIATELY DIRECT TALKS WITH E.C.G.D.

3. I TAKE THE REFERENCE TO COMMENCING WORK' ABOVE TO REFER TO

RECOMMENCING WORK ON ESTIMATING A PRICE.

4. FULL TEXT IN BAG.

SIR D. TRENCH

EXCED DISTRIBUTION HONG KONG DEPT

LAST.

REF.

VEXT

F.

fur

al

CONFIDENTIAL