TNAG-0565-FCO40-660-Construction-of-an-underground-railway-system-in-Hong-Kong-1975 — Page 102

A

¡

Min. shitton Du Ihn. -O'Kutte W 1965

This is the tel of the

text

DOT teleguam referend to in

ту

lanten

minute tule

CONFIDENTIAL

tuliz That

3/+

BTC HONG KONG

ETO HONG NONG

CREDA

3 October 1975

3.10.75

Following personal for Kinnear from Roberts.

Your CREDA 105: Mass Transit.

You will by now have seen Cotterill's telex

While from a

to Thompson setting out ECGD's offer. CRE 4 point of view I wish thet ECGD could have gone further, this represents a considered ECGD position,

agreed with the Treasury. It also reflects wider

Government policies on export credit, for example our desire to maintain the principle of restricting

cover for local costs. You will I know understand

that the issue cannot be judged on Hong Kong consid-

erations alone, important though those are.