TNAG-0636-FCO40-784-Supplies-of-electricity-for-Hong-Kong-1977 — Page 24

6. IT IS NOT SURPRISING THAT CLF AND PEPCO AND THEIR SHAREHOLDERS WILL WISH TO STAD ASIDE FROM ANY FIANCIAL OBLIGAT-

IN THE "EY COMPANY BEYOND WHATEVER EQUITY INVESTMENT THEY

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VETUALLY DECIDE TO MIKT, BUT IT IS HARDLY FINANCIALLY REALISTIC TO EXPECT THAT THE NEW COMPANY'S PORROWING REQUIRIVETS CAN DE MET

HEY

WITHOUT SECURITY.

!,,

PREAMBLE TO READ TO PRIORITY BTC HONG KONG TELMO CREDA ETC

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