TNAG-0322-FCO40-358-Construction-of-underground-railway-system-in-Hong-Kong-1971 — Page 124

NOTHING TO BE WRITTEN IN THIS MARGIN

W(B)L, 51-7406

CONFIDENTIAL

undisclroad

i itarat

letters.

the demands on Government revenue in other

fields such as water supply, housing, roads,

education; and we are confident that they

will look very carefully at the viability of

the scheme and that if they decide to go ahead

with it this will be because they are convinced

that it is not only essential but also viable,

and a commercially acceptable proposition. In

this connection, I am enclosing an extract

from CRE's copy of the/Final Report by

Freeman, Fox and Partners. As you will see,

this gives the Consultants' views on possible

sources of capital funds for financing the

scheme.

The Report is stamped "Confidential

Contents must not be divulged in whole or

part to third parties without prior written

consent of Freeman, Fox and Partners".

CRE

obtaine it privately from one of their

contacts in Hong Kong and the fact that we

have it should not therefore be revealed to

anybody connected with Freeman, Fox and

Partners.

8. I am copying this letter to Jones

(Treasury), Thain (ODA), Rawlings (ECGD)

Toms, Robins and Watson (DTI), Lambert (B/E), and

Blackwell (BTC Hong Kong)[and Wade-Gery and Willson (FCO)]

1.

- 3-

CONFIDENTIAL