t.
CONSORTIUM HAVE OF COURSE ALREADY OFFERED CAPITALISATION OF INTEREST BY PROPOSING SUPPLEMENTARY EURODOLLAR OF EUROBOND LENDING BUT IT LUST BE CONCEDED THIS WOULD NOT DE CAPITALISATION AT ADVANTAGEOUS FIXED EXPORT FINANCE RATE. WE BILL DISCUSS WITH DEPARTMENTS WHETHER CE CAN DO ANYTHING TO MEET GOVERNMENT DEHANDS ON PRECOMPLETION
INTEREST CAND ALSO WHETHER WE CAL ACCEPT NEPAYMENT FROM COMPLETION OF INITIAL SCHEME RATHER THAN FROM EACH STAGE) KUT ON FORMER ISSUE WE SHALL NEED TO KNOW MORE PRECISELY JAPANESE PROPOSALS VE ARE BEING HEASURED AGAINST. WE DO NOT PROPOSE HOWEVER CAND DID NOT SUGGEST OR UNDERTAKE 11. NOVEMREK DISCUSSIONS WITH STEERING GROUP) TO ENTER HORSE TRADING NEGOTIATION OR INDIVIDUAL POINTS AT THIS STAGE. WHEN NEXT STAGE OF DISCUSSIONS AND LEGOTIATION WITH CONSORTIUM TAKE PLACE WE WILL THEN CONSTOEK WHHAT WE MIGHT OFFER.
7.
STEERING GROUP SHOULD BE MADE AWAKE INFORMALLY THAT ANY ADVANCEMENT ON TERMS OF OUR PROPOSALS MUST BE DEPENDENT UPON ADVANCEMENT OF THEIR OWN IDEAS ON HOW THE PROJECT IS TO BE HANDLED. THEIR DECISIONS ON PACKAGE VERSUS FRAGMENTATION AND ON EXTENT AND NATURE OF FINANCIAL SUPPORT FROM GOVERNMENT ARE ESSENTIAL IN THIS CONTEXT.
EXPORT CRED
++++++
PERF WJF 25/1228Z
WILL REPEAT THE LAST TWO LINES OF PARA 4
11 WOULD AFFORD OR GUARANTEE THEY WOULD CARRY IS OBSCURE. OZU WAS QUITE DEFINITE OECF FUNDS WOULD NOT BE INVOLVED.''
THANK YOU
PSE TREAT THE ABOT AS PRIORITY
'SENT 25/1241Z HX3031 UKTRADE ECGD HQ C LON
M
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