TNAG-0422-FCO40-468-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 48

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grapevine will have told them that the Japanese are moving towards a "lump sum" approach, which, apart from escape clauses, has considerable attractions for Hong Kong in comparison with the cost-plus approach of the United Kingdom. But the revaluation of the yen and the downward float of sterling now give the British consortium a very considerable new advantage.

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