TNAG-0425-FCO40-471-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 193

3. IT IS DIFFICULT TO SAY METHEN A COUNTER-212 ALONG THEUE

LINES WOULD DE CAPALLE OF BEING COMPARED IT. THE JAPANESE OP SORTIUM'S DID. BUT, CLEMPLY, WE WOULD NEED SOME ASSURANCE,

ED BY CONVENTIONAL CASH FLOW ANALYSIS, THAT THE PERIOS

I

IN

ICH THE CORPORATIO 3 DEPT WAS CAPABLE OF ITING

WRITTE OFF DIS CT EXCEED CO YEARS FROM THE COFLETION OF UCHSTRUC-

TION AND THAT THE FARE STRUCTURE ASSUMED MAC FOT FALSIFIL. T: 10

KULD BE IN ORDER SILFLY TO PROVE ON PAPER THAT TH TAILWAY WOULD

DE AA PROFITABLE VENTURE VEN WITH A SUCH PLOPER CONTRACT PRICE.

I TOLD KINDERSLEY THAT, CEVIOUSLY, THE ALC20-ITALIA. CURSORTIU 'S CHORT TER OLJECTIVE LUST BE TO PERSUADE EXECUTIVE

COUNCIL AT LEAST TO HESITATE DEFORE ACCEPTING THE JAPANESE BID

OLT, EVEN TO DO THIS, A COUPTER-STD FTON SOLENT TO SIDESTEP ONE OF O

TALLY FUNDAMENTAL CONCEPTS (VIZ: SILING FRICE) WOULD

HAVE TO LE PERSUASIVELY ADDED Awe TIER SPORT.

5. I GHOULD BE GRATEFUL IF YOU WOULD FASC AESCAGE TO MINDERSLEY

ING THE FOL TO IN FARAGRAPHS 3 AND 4 ABOVE FOR IT WAS LATE AT

TOFT CHEN I SAN FL. AND I MAY NOT HAVE MADE THO

NOT HAVE MADE THON FORCILLY ENOUGH.

HE IS EXPECTED BACK IN LONDON ON TUESDAY MORNING.

1.

INCIDENTALLY, THE SOONER W. ARE OFFICIALLY FORMED THAT THE

CRITISH GROUP AND INTERNETAO ANG UTERING TO FORM AN ANGLO-

ITALIA CONSORTH WITH A VIEW TO PUTTING IN A COUNTER-TIL THE

LETTER.

22 T AT 1:142/28 ZUH

Sentto-

Id HKLOD

PS/D- Royle Su Dwabon

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