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3.
to have arrived at a ceiling price of HK$5,000 million for the job. We hope it will be possible to examine together the assumptions on which those projections have been made since they appear to be the single most important element in assessing the viability of the scheme.
17.
Finally I must repeat that both we as financial advisors and E.C.G.D. as guarantors of a substantial sterling loan in support of the project are vitally interested in its viability. We have made certain recommendations and we believe that if they are followed we will have a project which E.C.G.D. can support on its own merits without a guarantee from the Hong Kong Government.
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