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Registry
No.
SECURITY CLASSIFICATION
Top-Secret
Secret
Confidential.
Restricted. Unclassified
PRIVACY MARKING
In Confidence
DRAFT
To:-
20 серия
Brief for hood Shepherd Type 1 +
Visit of the Amister
(hard Shepherd)
Noe No. 9
State
To Hong Kong, May / June 1969
From
128
Telephone No. & Ext.
Department
At time of writing
The contract-
hey
ciations are still in progress
To ve Zaired separately
as an
altachirent- wander the
Leading! - Cross-Harbour Tunnel: Press
Release.
Cross-Harbour Tunnel
In April representatives of the Cross-Harbour
Tunnel Co. Ltd. came to London for the final stage
in the protracted negotiations with ECGD over the
provision of loan finance for this project. This
note will serve to remind the Minister what the
position is.
2.
a
After the meetings the following press notice was issued by agreement between the parties (copy attacked
"Agreement in principle has been reached between
The Cross-Harbour Tunnel Co. Ltd. of Hong Kong and
Lloyds Bank Ltd. on the provision of a loan to finance
the construction of the Hong Kong Cross-Habour Tunnel.
The loan, which will be guaranteed by E.C.G.D., will
be for a maximum of £14 million.
"The Tunnel Company are now proceeding to detailed
negotiations with a consortium led by Costain Civil
Engineering Ltd. and it is hoped that the contract will
be signed next month. The loan will then bear interest
half-yearly at 5 per cent per annum and will be repay-
able in half-yearly instalments over seven years from
the estimated date of completion of the Tunnel.
"The prospective shareholders of The Cross-Harbour
Tunnel Co. Ltd. are Wheelock Marden & Co. Ltd.,
Hutchison International Ltd., The Government of Hong
Kong, The Hongkong and Shanghai Banking Corporation,
1
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