TNAG-0768-FCO40-972-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 183

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CONFIDENTIAL

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CHINESE TO PAY IN THE EVENT OF A TRUST FUND DEFAULT IT WOULD NOT BE ACCEPTABLE TO ECGD. DEWE MATHEWS IS TODAY SENDING A NOTE, ILLUSTRATING A MORE ACCEPTABLE FINANCING MECHANISM, VIA SCHRODERS AND CHARTERED TO KADOORIE. THIS WOULD BE AN ANNEX TO KADOORIE'S LETTER TO SUN.

5. WE HOPE KADOORIE'S PROPOSALS WILL SATISFY THE CHINESE CURIOSITY ABOUT DETAILS OF THE TRUST FUND. AS THESE REMAIN TO BE SETTLED WE PREFER NOT TO EXPAND THE HMG MEMORANDUM.

OWEN

FILES FED

ES & SD

ECON D

TRED

NEWS D

COPIES TO

MR ROYCE

MR KNIGHTON

· DEP SEC

MR OLDHAM

LIC/AD

MR WILKS

BQTB

DOT

MR DROWNING

CRE4

HK & GD

MR TWYMAN

OPG

PS/MR JUDD

MR LOVE

CRE

PS/LORD GORONWY~ROBERTS

MR CROFT

FEA

PS/PUS

MR LIPPITT

DEP SEC

SIR A DUFF

MR FARROW

SBP

DOI

MAR CORTAZZI

MR THORNTON

EPT

MR MURRAY

MR THOMAS

MR BUTLER MR LEAHY

MR COTTERILL MR P HENLEY

ECGO

CLEMENTS HOUSE

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