TNAG-0769-FCO40-973-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 134

4 POINT 26 MILLION AGAINST

TV TAKOR

5 POINT 2 MILLION. THIS WOULD RESULT IN A FOREIGN ELEMENT OF POUNDS STERLING 13 POINT 4 MILLION (INCLUDING SURGE DIVERTERS) AND A MAXIMUM POTENTIAL SAVING OF POUNDS STERLING 3 POINT 5 MILLION

M THE PACKAGE PRICE.

3. K AND D SAY THAT RECENT CURRENCY MOVEMENTS AND OTHER FACTORS MAY HAVE ALTERED THE DETAILS OF THESE PRICES BUT THEY SHOULD BE BROADLY CORRECT.

4. GRATEFUL IF YOU COULD CONFIRM THAT I AM RIGHT AND GET DETAILS OF FIGURES FROM BALFOURS SOONEST SO THAT ECGD CAN TRY TO GET TREASURY AGREEMENT THIS WEEK. IT IS UNDERSTOOD THAT THIS IS NOT GOING TO BE GIVEN AWAY UPFRONT BUT RESERVED FOR LIPPITT TO OFFER IF DESIRABLE.

5. I AM COPYING THIS TO BIRCH AT ECGD.

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