TNAG-0565-FCO40-660-Construction-of-an-underground-railway-system-in-Hong-Kong-1975 — Page 112

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TO PRIORITY DOT TELEGRAM NO CREDA 105 OF 2 OCTOBER.

PERSONAL FOR ROBERTS CRE 4 FROM KINNEAR.

YOUR TELEGRAM NO CREDA 176: MASS TRANSIT.

89

I HAVE NOT YET SEEN COPY OF EC G D'S FINAL OFFER TO MASS TRANSIT, BUT I UNDERSTAND IT CONCEDES NOTHING ON LOCAL COSTS OR CAPITALISATION OF INTEREST. WHILE THERE IS SOME IMPROVEMENT ON VALUE OF CONTRACT QUALIFYING FOR FULL 10 YEAR TERM THIS HAS NOT GONE FAR ENOUGH TO HELP KIER IN FIRST CONTRACT, ON WHICH DECISION IS BEING MADE THIS EVENING, WHERE OFF SHORE VALUE IS LIKELY TO BE £4 MILLION, TO BE SHARED WITH A FRENCH FIRM.

2. I WOULD BE GRATEFUL TO KNOW WHETHER E C G D ARE REFERRING THE MATTER TO THE SECRETARY OF STATE.

KINNEAR