TNAG-0207-FCO40-243-Construction-of-a-cross-harbour-tunnel--under-Hong-Kong-harb-1969 — Page 62

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CYPHER/CAT A

PRIORITY HONG KONG

TELEGRAM NO. EXCED 70

CONFIDENTIAL

TO EXPORT CREDITS GUARANTEE DEPARTMENT

1 APRIL 1969

CONFIDENTIAL

FOR COTTERILL FROM HANNAM,

MIPT. WHEN I RECEIVED MY COPY OF JOHN MARDEN'S LETTER OF MARCH

29 I NOTICED THAT THERE WAS NO REFERENCE TO THE TERM OF THE LOAN.

I HAVE QUESTIONED BROTHERS ABOUT THIS AND FIND THAT THIS WAS

AN ERROR CAUSED BY THE RUSH OF GETTING THE LETTER INTO ROBARTS

HANDS BEFORE HE TOOK OFF FOR LONDON. THE COMPANY'S PROPOSALS.

FOR THE REPAYMENT OF THE LOAN ARE AS FOLLOWS:-

QUOTE THE LOAN WILL BE REPAYABLE IN STERLING IN LONDON BY 14

CONSECUTIVE HALF-YEARLY INSTALMENTS SEMI COLON THE FIRST 42

MONTHS AFTER THE COMMENCEMENT OF THE CONTRACT AND THE LAST

120 MONTHS AFTER THE COMMENCEMENT OF THE CONTRACT. UNQUOTE

SIR D. TRENCH

EXCED DISTRIBUTION HONG KONG DEPT.

AAAAA

CONFIDENTIAL

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7טי.