PRIORITY
EN CLAIR
FM HONG KONG
UNCLASSIFIED
HKK 21/4
TOP COPY
TO ROUTINE E C G D TELNO EXCED 3 OF 22 JANUARY 1973, INFO FCO.
FOR FELL FROM ASTON.
F.C.0, PLEASELPASS TO :-
MR WATSON COPV) D.T.I.
MISS WELCH (CRE2)
MR STUART (F.0.0.) HKIOD
AND PIKLAYSON CEPD)
K.T.S, REF YOUR EXCED 003 13.
K
هما
REF.
PA.
it's
23.1
12
1. REGRET FURTHER PROBINGS HAVE BEEN ABORTIVE.
2. CAN GET NO MORE CLUE ON INTEREST RATE EXCEPT THAT IT IS
DETTER THAN IN FIRST PROPOSAL, WITH IMPLICATION IT IS CLOSE TO
OURS, REPAYMENT PERIOD ALSO SEENS NOW TO DE CONSIDERED COMPARABLE
TO OURS. ONLY FIRM NEW POINT ESTABLISHED IS THAT CAPITALISATION OF
INTEREST HAS BEEN OFFERED ANO 13 VERY ATTRACTIVE, ALSO CLEAR THAT
NO GUARANTEES ARE BEING SOUGHT.
3. INDICATIONS ARE THAT REVISED PROPOSAL WAS PUT IN ABOUT 2
WEEKS AGO.
4. FURTHER CONFIRMED THAT STEERING COMMITTEE STILL UNDECIDED
BETWEEN PACKAGE AND FRAGMENTATION AND SHORT LIST, ABOUT 6
INCLUDES BOTH CONCEPTS, WHICH WILL BE FURTHER CONSIDERED AFTER
EXCO DISCUSSION TI PRINCIPLE,
4
C BUT CLEAR THAT NO ONE ASKING FOR GOVERNMENT GUARANTEE IS
INCLUDED OR SHORT LIST.
/6. CLEAR FROM 2 ABOVE
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