TNAG-0766-FCO40-970-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 93

2. THE ONLY OUTSTANDING DIFFICULTY IS PARA.18. CLP/ESSO ACCEPT THAT WE WANT REMOVAL OF REFERENCE TO FLEXIBLE REPAYMENT PATTERN. HOWEVER, THEY SUGGEST THAT IT WILL THEN BE NECESSARY TO DELETE A THE FIRST WORD. IF YOU WISH IT RETAINED WE SHALL NEED TO ICATE WHAT WAS **SPECIAL' ABOUT THE FINANCE ARRANGEMENTS.

3. ESSO HEADQUARTERS IN HOUSTON HAVE PUT FORWARD MORE DRAFTING POINTS WHICH I SAID YOU COULD ACCEPT. THEY ARE:-

(A) PARA.1, FIRST SENTENCE. SUBSTITUTION OF ''A'' FOR ITS''.

SECOND SENTENCE. REPLACEMENT OF HAS SIGNED' BY **ESSO HAVE SIGNED''. FOURTH SENTENCE. DELETION OF ''OPERATED''

AND SUBSTITUTION OF ''OWNED''.

(B)

(C)

INSERTION OF PARAS 15 AND 16 (AS AMENDED) BETWEEN EXISTING

PARAS 3 AND 4.

PRESENT PARA.6. DELETION OF ''CONTINUATION OF SUPPLY'' AND

SUBSTITUTION OF MULTIPLE FUELS''.

(D) PRESENT PARA.17. DELETION OF ''AND' BEFORE ''J. HENRY

SCHRODER WAGG AND CO.LTD.''.

(E) COMPLETE DELETION OF PARA.19.

4. I HAVE CONFIRMED TO CLP/ESSO THAT YOU HAVE ACCEPTED THE

AMENDMENTS PROPOSED FOR THE BACKGROUND NOTE AND THE QUESTIONS AND ANSWERS (MY INDUS 10). ESSO EXPRESS SATISFACTION THAT YOU

COULD ACCEPT THEIR REVISED TEXT FOR SUB-PARAS 4 AND 7 OF THE

BACKGROUND NOTE AND REVISED ANSWERS FOR QUESTIONS 5 AND 6.

5. AS SOON AS I HAVE YOUR ADVICE ON WORDING PREFERRED FOR POINT

DISCUSSED IN PARA.2 ABOVE, I SHALL PREPARE CLEAN FINAL VERSIONS OF ALL PUBLICITY DRAFTS FOR USE BY CLP/ESSO, HONG KONG GOVERNMENT

AND OURSELVES.

MARCH

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