TNAG-0638-FCO40-786-Supplies-of-electricity-for-Hong-Kong-1977 — Page 9

consumers' financing through the Development Fund reaches a significant level (referred in paragraph 36 of Annex A).

Honourable Members will be asked to advise whether

the draft Scheme of Control for CLP (Annex B) is acceptable to the Government subject to:

(a)

(b)

ratification of the Scheme by the Board of Directors of the China Light and Power Company Limited; and

the advice of the Legal Department on the precise wording of the Scheme.

(The Secretary for Economic Services (Mr D. G. JEAFFRESON) and the Senior Treasury Accountant (Economic Services) (Mr C. SANKEY) will attend before the Council for the discussion of this item).

17th November 1977

(CR 4/4576/75 II)

COUNCIL CHAMBER

C.S. 166

CONFIDENTIAL