GRS 250
CYPHER CAT/A
FM BTC HONG KONG 08c7dz
RECE REGI
12 MAY 1975
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H.KID
!KK 214
NO DISTRIBUTION
FRO
RESTRICTED
TO PRIORITY DOT TELEGRAM NUMBER CREDA 57 OF 8 MAY.
TRED
FOR FARRY OPG FROM KINNEAR.
:
YOUR TELNO CREDA 81: MASS TRANSIT THOMPSON'S VISIT.
THOMPSON HAS APPOINTMENT WITH E C G D AT 10.30 AM AND BRIEFING
MEETING BEFOREHAND. WITH OTHER COMMITMENTS ONLY TIME HE IS LIKELY
TO BE FREE IS 12.15. COULD YOU LET ME KNOW BY RETURN (THOMPSON LEAVES HONG KONG ON 10 MAY FOR THE UNITED STATES) WHETHER YOU COULD MEET HIM THEN. IF THIS TIME IS UNACCEPTABLE, I CAN ONLY SUGGEST YOU
CONTACT HIM DIRECT AT THIS HOME, IBEX HOUSE, CHURCH LAND,
VORPLESDON, SURRY, TEL WORPLESDON 3214, TO TRY TO ARRANGE A
MEETING.
2. MASS TRANSIT CORPORATION BILL WAS PASSED BY THE LEGISLATIVE
COUNCIL YESTERDAY. THOMPSON MAY WISH TO EXPLORE WITH YOU
POSSIBILITY OF INTERESTING BRITISH FIRMS IN KNOW-HOW AGREEMENTS
WITH LOCAL CONTRACTORS, WHICH WOULD INVOLVE NO CAPITAL EXPENDITURE.
3. KLEINWORTS AND WARDLEYS HAVE BEEN APPOINTED TO ADVISE ON
COMMERCIAL FINANCE AND KLEINWORTS WILL BE LEAD BANK FOR U.K.
BUYER CREDIT, DEVELOPMENTS SINCE I LAST WROTE ARE PURCHASE OF
CONTROLLING INTEREST IN ZUNG FU AND GAMMONS BY JARDINES, WHICH
WILL GIVE THEM ENTRY TO THE HOCHTIEF CONSORTIUM PUT TOGETHER
BY ZUNG FU, JARDINES WILL ALSO BE RESPRESENTING THE JAPANESE
CONSORTIUM ON THE MECHANICAL AND ELECTRICAL SIDE FOR WHICH THE
JAPANESE FIPMS CONCERNED HAVE FORMED A LOCAL COMPANY. ACCORDING
TO THOMPSON THE FRENCH ARE MAKING A STRONG BID WITH A COORDINATED
APPROACH BY FRENCH BANKS AND INDUSTRY, WHICH INCLUDES CREDIT FOR
LOCAL FRENCH CONSTRUCTION FIRM, DRAGAGE.
4. FINANCIAL BROCHURE HAS JUST BEEN PUBLISHED. IT IS A GLOSS Y
PUBLICATION DEVOTED LARGELY TO ECONOMIC AND POLITICAL BACKGROUND
OF HONG KONG. IT CONTAINS NO DETAIL ON MASS TRANSIT FINANCE, BUT STATES THAT HONG KONG GOVERNMENT GUARANTEE WILL BE AVAILABLE.
KINHEAR
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