TNAG-0423-FCO40-469-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 49

that if we are to stay in the race for this business we must pay a substantial price. In our view we should pay it in order

to secure not only this contract but a share of the vast market elsewhere for this kind of business. In view of the urgency of this matter, I suggest that you should write to the Chancellor pressing for agreement to our proposals and I attach a draft.

P W Glaves-Smith

OFP

V/3 Rm 407 Ext 3649 6 July 1973

2.