TNAG-0207-FCO40-243-Construction-of-a-cross-harbour-tunnel--under-Hong-Kong-harb-1969 — Page 80

CONFIDENT IAL

2

ON THE FORMAL APPROVAL OF THE LEGISLATIVE COUNCIL,

ON THE SATISFACTORY SETTLEMENT OF CERTAIN OUTSTANDING MATTERS STILL THE SUBJECT OF NEGOTIATION BETWEEN THE COMPANY, THE EXPORT CREDIT GUARANTEE DEPT AND THE PROPOSED CONTRACTORS, THE COSTAIN CONSORTIUM, AND ON THE COMPLETION OF THE COMPANY'S

OTHER FINANCIAL ARRANGEMENTS''

GRATEFUL TO LEARN IF YOU HAVE ANY OBJECTION.

4.

I UNDERSTAND THAT HANNAM IS TELEGRAPHING HIS VIEWS SEPARATELY.

SIR D TRENCH

FILES

H.K.D. F.P.A.D.

ADVANCE COPIES SENT

CONFIDENTIAL