TNAG-0509-FCO40-574-Construction-of-underground-railway-system-in-Hong-Kong-1974 — Page 3

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IN

0.1

23 DEC 1974

HKK 21/2

TO ROUTINE BTC HONG KONG TEL NO 103 OF 20 DECEMBER 1974

FROM STUART.

YOUR TELNO. BTC 143. MASS TRANSIT,

LAST

91

RE-

1. THE GOVERNOR HAS TOLD ME THAT THE NEGOTIATIONS WITH THE JAPANESE

ARE STILL GOING ON ON THE ORIGINAL BASIS. IF THEY FAIL ON THAT

BASIS, THE WHOLE PROJECT WILL HAVE TO BE REVIEWED,

2. I THINK THIS IS AS FAR AS WE SHOULD PRESS HIM FOR THE TIME

BEING. HE IS WELL AWARE OF THE UK'S POTENTIAL INTEREST.

CALLAGHAN

FILES

HKTO D

TRED

COPIES

MR. ROYCE OP G

DOT

ECGD

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LAST ENTRY.