TNAG-0769-FCO40-973-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 14

U

HOFO @11/12

00 D O I

Sex 353

GR 130

HKK 16411

RECE

IND

DeK OFFS

No i

14/14

MAY

TA 81

for

12

CONFIDENTIAL

FM BTC HONG KONG 123733Z DEC 78.

TO IMMEDIATE D.0.1.

TELNO.INDUS 228 OF 12 DECEMBER.

FOR THORNTON.

NO DISTRIBUTION

+ 5

Lop + 2

OF

bup R124

HK+GD TRED(2) PUSD (2)

YOUR INDUS 321 : LETTER OF INTENT FOR NEW HONG KONG

TRANSMISSION SYSTEM.

1. ODELL HAS PERSUADED CLP TO ACCEPT BOTH THE POINTS

IN YOUR PARA.3.

2. AFTER ODELL AND I HAD DEPLOYED THE GIST OF YOUR PARAS 4-9

WITH CLP AND BISCHOFF, THEY AGREED TO DROP THE FIRST SENTENCE

OF PARA.13 THUS ELIMINATING ECGD'S CONCERN ABOUT CLP'S ABILITY

TO ASSIGN RESPONSIBILITY FOR THE LOAN.

3. KADOORIE HAS REJECTED LIPPITT'S TELEXED SUPPORT OF BALFOUR BEATTY'S REQUEST FOR INTERIM PAYMENTS (SEE M.1.F.T). CDELL

AND I THINK IT WOULD BE UNWISE TO PRESS HIM FURTHER AND DO

NOT REPEAT NOT NOW RECOMMEND A TELEPHONE CALL AS SUGGESTED IN

MY INDUS 227.

4. YOUR INDUS 322. I HAVE INFORMED ODELL OF YOUR PARA.5.

MARCH