TNAG-0425-FCO40-471-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 186

AR ECGD

OPS 365

CYPHER/CAT A

FA BTC HONG KONG HOLDASE

CONFIDENTIAL

ZVARICE CUPY

HICK

21/4

(259)

-13/414/00

TO PRIORITY DTI TALEO CUL IN JON OF 20 OCTOBER INFO FCO, ECGD.

FOR ÓLAVES SMITH OPG, MISS LACKEY (CRE2), FELL (ECGD) AND STUART (MIOD) FROM ASTON,

N.T.S.

T

(263)

瓜

24/2

then den P/A

Goodfellow

2. KINDERSLEY MADE A FURTHER BRIEF AND UNEXPECTED OVERNIGHT VISIT DURING THE WEEK-END (3

SONE PERSONAL IDEAS TO HADDON-CAVE ABOUT

WAYS IN WHICH BRITIS:V/LTALIAN GEOMP RIGHT COUNTER THE JAPANESE

PRE-EMPTIVE BID. BROAME

APPEARS TO HAVE BEEN EXCEPTION OVER GUARANNELS LEEWAY OVER THE TARGET

ME IURA (RELAYED TO ME VIA WEEDON)

SINCE THE JAPANESE HAVE BEEN ALLOWED AN TIL BRITISH/ITALIAN GROUP MIGHT BE ALLOWED 3. BUT THERE WOULD BE SOME MODIFICATIONS

TO THE ORIGINAL TAPOST PRICE CONCEPT SO AS TO GIVE THE HONG KONG GOVERNMENT APPROPRIATE ABURANCE THAT THE PRICE WOULD BE KEPT WITHIN A POSSIBLE INCREASED CASH FLOW. Y

2. I DO NOT HAVE DETAILS AND I ONLY HAVE IT AT SECOND HAND THAT HADBON-CAVE EXPRESSED INFEEST IN THE IDEA.

3. LEVER HAS TOLD ME THAT NAJBOL

#3 SULGESTED TO HIM THAT

AT WOULD BE HELPFUL IF VC & OLD ROVIDED OFFICIALLY WITHIN NEXT FEN DAYS OF BRITISH POSITION II. LIGHT OF THE JAPANESE PRE-EMPTIVE BID AND

THAT IT IS OUR INTENTION TO MAKE COUNTER BID N

SOARATE DEV

MY DANES OF BEG HAS PUT FORWARD A PROPOSAL *FOR AN EQUITY CENTRIBUTION ARRANGEMENT AS EVOLVED WITH ECAD FOR ATHENS METRO WHICH WOULD MAKE IT POSSIBLE TO GIVE A FIXED PRICE, BARBON-CAVE MAR TOLL CAGUE THAT THIS IDEA COULD BE WORTH PUTTING.

'ANCHE BUT HAS STRESBED THAT JAPANESE CTIVE, AND IT WILL NERD A STRONG COUNTER BID

THE GAME AGAINST IT,

5. ↑ ASSUME THAT BRITISH GROUP WILL BE DISCUSSING ALL THIS WITH

WOU. SUDTT HAS BEEN

NE URGENTLY ON

POR BISCUSSIONS | MAY

CASE 1 MEET HADDON-

LEVER, ANY GUIDANCE YOU CAN GIVE

THE PRE-EMPTIVE BID WILL BE HELPFUL

ING WITH CLAGUE ETC AND ALBO ANKTAKÇES WHERF THE BUBJECT

MIGHT BE RAISED, IN ADDITION 1 HAVE FOR SOME TIME BEEN HOLDING OFF

THE ITALIAN CONÉMU GENERAL

EXPECT THAT HE WILL AGAIN TRY TO

EXCHANGE HOTES WITH ME IN THE NEAR FUTURE.