13
HOFO 035/1
00 E C G D
RR DOT
RR F CO
GR 159
CYPHER CAT A
HKK 173/1
No
PA
لامعة
ADVANCE COPY +3
E.C.G.D.
DOT (CRE)
Hdf HK GD jous
"TREA
FM BTC HONG KONG 011055Z
RESTRICTED
[EXCED DIST]
TO IMMEDIATE E C G D TELNO EXCED 2 OF 1 FEBRUARY 1978
INFO DO T (FOR CRE 4), F C O.
FOR BIRCH E C G D.
MASS TRANSIT.
NORMAN THOMPSON, CHAIRMAN OF M T R, HAS JUST TELEPHONED TO SAY THAT IT IS ''FUNDAMENTAL' TO HIS CONSIDERATION OF METRO-CAMMELL'S BID FOR THE OPTION OF 70 FURTHER CARS THAT OUR FINANCE OFFER BE DESIGNATED IN HONG KONG DOLLARS.
2. GEMMILL OF LAZARDS IS RETURNING TO LONDON TONIGHT AND PLANS TO
CALL ON YOU TOMORROW TO DISCUSS THOMPSON'S FIRM DECISION. HE TELLS
ME THAT THOMPSON HAS ALREADY RECEIVED OFFERS TO MAKE HK DOLLARS
AVAILABLE.
3. PLIATSKY WROTE TO COUZENS AT THE TREASURY, COPIED TO TAYLOR,
ABOUT THE IMPORTANCE OF CLINCHING THE OPTION DEAL ON 16 JANUARY.
THOMPSON IS OF COURSE WELL AWARE THAT WE OFFERED A HK DOLLAR
FINANCING DEAL TO CLP/PEPCO AND WILL WANT TO KNOW WHY WE CANNOT
DO LIKEWISE FOR M T R. SUM INVOLVED IS HK DOLLARS 200 MILLION.
MARCH
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