TNAG-0334-FCO40-370-Visits-of-Secretary-of-State-for-Foreign-and-Commonwealth-Af-1972 — Page 165

CONFIDENTIAL

The Present Position

3.

Following an intimation early in 1970 by the

Financial Secretary that Hong Kong would proceed

with the project with or without assistance from

London, a contract was awarded to a Japanese

construction firm in October 1970.

Because of

this, it was decided that there was no longer any

possibility of financial assistance from HMG for

this project.

Saffic lights

Hong Kong Department

January 1972

CONFIDENT I AL

NOTHING TO BE WRITTEN IN THIS MARGIN,

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