TNAG-0424-FCO40-470-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 84

NO

HKIOD

212

• How

CYPHER CAT A

FM ECGD 191815Z

་

COMMERCIAL IN CONFIDENCE

LIVED IN

8 TRY No. 51 4 SERWIS

NKK 21

TO PRIORITY HONG KONG TELNO EXCED 39 OF 149 SEPTEMBER

FOR ASTON STC FROM COGGINS.

YOUR CREDA 104 PARA 4.

Jas

WE HAVE RESTED UPON VIABILITY OF SYSTEM ITSELF FOR REPAYMENT OF

EXPORT CREDIT DEBT. ANY SUGGESTION THAT SCHEME VIABILITY IS LIMITED

OF INCAPABLE OF BEING ACHIEVED BECAUSE REVENUES CAN BOT ADJUST TO

FOSTS MUST LEAD TO RECONSIDERATION OF EXISTING PREMISE. GROUP WAS

REMINDED ALSO THAT EXPORT FINANCE WAS BEING PROFFERED AT GOING RATE

AT TIME OF FINALISATION, DELAYS IN DECISION ON AWARD INCREASE CHANCES

OF 6 PERCENT NOT BEING GOING RATE AT TIME OF FINALISATION.

E.C.G.D.

:

NNNN