1or 425/15
PP D O T
GR 175
CYPHER/CAT A
FM BTC HONG KONG 150955Z
RESTRICTED
TO PRIORITY DO T TELNO CREDA 29 OF 15 SEPTEMBER.
FOR BRYANT OPG FROM KINWEAR.
OUR TEL CREDA 97 TO FARRY:
MASS TRANSIT.
ON
(fa)
TROS 7ng
RE
RECCED IN
0.51
17 SEP 1975
HKK 21/4
IF BOTH COSTAIN AND TAYLOR WOODROW WITHDRAW FROM THE PROJECT AND KIER PROVE TO DE VEAK FINANCIALLY, WE FACE THE RISK OF GETTING OURSELVES BACK INTO THE POSITION WHERE COUNTRIES PARTICIPATING ON THE CIVIL SIDE CAN DRING PRESSURE TO DEAR ON THE MTA TO GIVE THEM A SLICE OF THE E AND I CONTRACTS. YOU WILL RECALL THAT THE FRENCH WERE TAKING THIS LINE AT ONE STAGE. THE FRENCH GOVERNMENT IS NOT BEYOND BRINGING PRESSURE TO HEAR. IT WAS REPORTED ON SATURDAY THAT THE FRENCH HAVE AGREED TO REMOVE QUOTA RESTRICTIONS ON A NUMBER OF HONG KONG EXPORT PRODUCTS. IN A JOHNT COMMUNIQUE ISSUED IN PARIC AFTER A MEETING BETWEEN SIR Y K KAN AND THE FRENCH MINISTER OF STATE FOR EXTERNAL TRADE, M. SEGARD, THE MINISTER IS REPORTED AS SAYING THAT QUOTE HE REGARDED AS VERY IMPORTANT THE FURTHER EXPANSION GF TWO WAY TRADE AND PARTICULARLY WIGHED TO EMPHASISE THE INTERLOT OF THE FRENCH MINISTRY OF EXTERNAL TRADE IN KAJOR HONG KONG PROJECTS, SUCH AS THE SUPPLY OF TECHNICAL KNOW-HOW AND EQUIPMENT TO THE MASS TRANSIT RAILWAY SYSTEM UNQUOTE.
2.1 UNDERSTAND FROH THOMPSON THAT COSTAIN MAY BE CONCERNED THAT THEY WILL BE OVER EXTENDING THEMSELVES, BECAUSE OF COMMITMENTS ELSEWHERE, THOMPSON IS VERY ANXIOUS TO SEE THON IN AND I HOPE THEY CAN DE PERSUADED TO DID. TAYLOR WOODNOW'S REVERSION TO THE COST PLUS FORMULA IS QUITE AREALISTIC AS TENDERS FOR THE REPRISENTATIVE CONTRACTS WENT OUT SOME TIME AGO, BIES HAVE BEEN RECEIVED AND
ABS DUE 18 DE
A
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