Mr. Leand
2.
3.
Reference..
In Kymen
19
Pl. Epic LX 2G,
Underground Railway - Inancial Guarantees.
We have been asked by TPD to provide the views asked for in pavaguette 9 of ECGD letter 89 September at (8).
finanical While ECGD will no doubt reguve a gueranter from the Hong Kong Governmet before agreein to give cover for the expenditure involved (as they did in the case of the Cross Harbour Road Tunnel), it is as yet too early to go into this.
at the Hong Kong Government eventually agree to accept the proposed scheme, then
Commitinenti con
be
gone
guaraulée into at that have. Meanwhile, it seems right to let ECGD knows that the scheme has not yet received accostance from the Hory Hong Goremunt,
Draft- letter for TPD to send to the Treasury is attached for your approval.
22/10/70
The shoke -
I have redrafted, omitting Sir John's
unfavorable comments on the Schame,
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28/10
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