TNAG-0207-FCO40-243-Construction-of-a-cross-harbour-tunnel--under-Hong-Kong-harb-1969 — Page 8

55/220CD

BC 47

13th June 1969

130

Cross Harbour Tunnel

Thank you for letting me know the replies you have received from Hong Kong about the varions clauses which I raised with you about the terms of the Cross-Harbour Tunnel Ordinance.

I explained to you that we did not propose to ask for any amendment of the Ordinance, but viched to accept the offer to "take full cognisance of ..0.0.D.'s best interests" Te would request that this understanding should apply to the whole Ordinance and not merely to Clauses 52 and 55.

I should therefore be grateful for a letter on the following lines: "In the operation of the Cross-Harbour Tunnel Ordinance 1969, the Jovernment of Hong Kong agrees that:

(a)

(b)

(c)

it will bear in wind the interests of the Export Credits Guarantee Department of the Board of Trade in relation to the Financial Agreement between Lloyds Bank Ltd. and The Cross-Harbour Tunnel Co. Ltc.

so far as is practicable and consistent with the obligations of the Government under the constitution of Hong Kong, it will not apply the Ordinance to the detriment of the U.K. intereste concerned with the financine of the Cross-Harbour Tunnel, and

it will notify the sald Export Creuzbe vurmatre Department of any developments likely to affect adversely the said U.P. interests."

M

کی الموت

T.M.Sellers, Be..

Hong Kong Government Office,

54, Pall Mall,

London.

(Frank Mann)