TNAG-0638-FCO40-786-Supplies-of-electricity-for-Hong-Kong-1977 — Page 21

GR 124

IMMEDIATE

CYPHER CAT A

FM BTC HONG KONG 152806Z

LKK 164/1

1902

D

274

CONFIDENTIAL

IND

FLAR: 1412 PAZ

CONFIDENTIAL

TO IMMEDIATE E C G D TELNO EXCED 39 OF 15 DECEMBER 1977.

FOR MANN FROM BIRCH.

YOUR EXCED 40: C L P

SCHRODERS ARE NOW INTENDING TO ACT AS FUND MANAGERS AND LOAN DOCUMENT WOULD MAKE THIS SOLE FUNCTION. AND RESPONSIBILITY CLEAR.

2. RELATIONSHIPS OF PARTIES, LAZARDS, WARDLEYS, SCHRODERS AND HONG KONG BANKS WILL REQUIRE VERY CAREFUL DRAFTING. THIS IS HIGHLY

EMOTIVE AND SENSITIVE ISSUE ON WHICH YOU SHOULD AVOID COMMENT UNTIL THE MANOEUVERING OF THE BANKS HAS RESULTED IN FIRM STATEMENT

OF THEIR INTENTIONS.

3. SUGGEST YOU DO NOT INITIATE DISCUSSIONS ON LEGAL COMPLICATIONS

UNTIL OUR RETURN,

MARCH

EXCED DISTRIBUTION

:

HKGD TRED

MR.MURRAY

CONFIDENTIAL