TNAG-0508-FCO40-573-Construction-of-underground-railway-system-in-Hong-Kong-1974 — Page 89

NOTE TO EDITORS:

MTR NEGOTIATIONS PROCEEDING SMOOTHLY

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Paz

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13 28.5.74

RECEIVED IN REGISTRY No. 51

-3 JUN 1974

160

HKK 24/2.

COMMENTING ON REPORTS IN YESTERDAY'S AND TODAY'S NEWSPAPERS- THAT THERE WILL BE PRICE INCREASES OVER THE MASS TRANSIT RAILWAY, A GOVERNMENT SPOKESMAN SAID THAT NEGOTIATIONS ARE PROCEEDING SMOOTHLY WITH THE JAPANESE CONSORTIUM WITHIN THE PRICE CLILING STATED IN THE LETTER OF INTENT. THE MASS TRANSIT RAILWAY PROVISIONAL AUTHORITY HAS RECEIVED NO REQUEST FROM THE CONSORTIUM, EITHER DURING THE TALKS IN TOKYO IN APRIL OR SUBSEQUENTLY, FOR ANY PRICE INCREASE AND IT HAS NO REASON TO BELIEVE THAT THE CONSORTIUM HAS CHANGED ITS MIND.

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