TNAG-0425-FCO40-471-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 129

CONFIDENTIAL

4. IN ADVANCE OF THIS, SINCE TIME IS SO SHORT, PLEASE MAKE CLEAR TO ALL CONCERNED THAT THE ONLY PROSPECT OF STOPPING THE JAPANESE

NOW LIES IN A PROPERLY PRESENTED COUNTER-BID, WHOSE DETAILS STAND UP TO SCRUTING, AND WHICH TAKEN OVERALL IS AT LEAST EQUALLY ATTRACTIVE.

5. WE HAD BEEN EXPECTING A REAL CHALLENGE, BUT WHAT HAS EMERGED

SEEMS TO BE NO MORE THAN A FAINT CRY FROM THE CHANGING ROOM.

MACLEHOSE

FILES:

HKIOD

TRED

FS/MH. KOYLE

SIK D. WATSON

MR. YOUDE

MR. MARSHALL

MR. TAYLOR

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CONFIDENTIAL