TNAG-0769-FCO40-973-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 77

CONFIDENTIAL

FM D T 1 231956Z NOV 78

TOMMEDIATE BTC HONG KONG

TELEGRAM NUMBER INDUS 302 OF 23 NOVEMBER INFO IMMEDIATE (FOR HAVELOCK) SINGAPORE.

FOR MARCH FROM VINCENT

UNITS 3 AND 4

LETTER OF INTENT

НКК

164/1

311

HKK 164/K GR. SIM Typin

RECEIVED..

DEC INDEX/

27 NOV 1978

# RY

en

No

그런

MY INDUS 301 OF 22 NOVEMBER.

310

1. I HAVE TODAY CLEARED FINAL TEXTS OF LIPPITY'S LETTER AND LOT WITH TAYLOR OF DURRANT PIESSE.

2. THERE IS ONE FINAL AMENDMENT TO LOI AS FOLLOWS. INSERT NEW CLAUSE 8 (EIGHT)

BEGINS:

QUOTE THIS LETTER DOES NOT CONSTITUTE AN ACCEPTANCE

OF OFFER UNDER CLAUSE 3(1) OF THE

CONTRACT OR A NOTICE EXERCISING THE OPTION UNDER CLAUSE 3(11)

OF THE CONTRACT UNQUOTE.

ENDS.

THE EXISTING CLAUSE 8 BECOMES CLAUSE 9.

3. ECGD CONFIRM THAT 31ST MARCH IN PARA 7

OF DRAFT LOI IS TO BECOME 26TH MARCH ON FIRST APPEARANCE

AND 1ST MARCH ON SECOND.

4. SUBJECT TO THE ABOVE, TEXT OF BOTH LETTERS

IS AS GIVEN IN YOUR INDUS 190 AS MODIFIED BY YOUR INDUS 202 AND 203.

NT

5. TAYLOR HAS NOW ADVISED KESCO TO DRAW UP

THE LOI WHICH IS TO BE SIGNED BY KADOORIE

307

309

AND BROUGHT TO TAYLOR BY KESCO'S COURIER TO ARRIVE EARLY NEXT WEEK. TAYLOR WILL THEN OBTAIN GEC'S APPROVAL TO LOI AND WILL DATE AND HAND OVER THE LOI IN LONDON IN EXCHANGE FOR LIPPITT'S LETTER. COPIES OF BOTH LETTERS WILL FOLLOW TO YOU BY BAG.

6. THE AMENDMENT IN PARA 2 ABOVE AND THE REVISED ARRANGEMENTS FOR EXCHANGING THE LETTERS HAVE BEEN APPROVED BY LIPPITT, BENJAMIN BIRCH (ECGD), ROBERTS (LAZARDS) AND BY GEC.

NNNN