TNAG-0771-FCO40-975-Construction-of-underground-railway-system-in-Hong-Kong-1978 — Page 10

Q) B T C HONG KONG

GR 80

UNCLASSIFIED

COMMERCIAL IN CONFIDENCE

FM E C D G 101719Z

TO IMMEDIATE B T C HONG KONG N

HKK173/!

и тубиет

(59

NO

DIS

*FICER

No

TELEGRAM NUMBER EXCED 54 OF 10 NOVEMBER 1978.

FOR RANSON (E C G D) FROM BRANDER PD3

PA

H K & C D

TREDE

1. DI MARCO CALLED TO DISCUSS WESTINGHOUSE CONTRACT. CURRENTLY

WRITTEN TO EXCLUDE PREMIUM AND BANK CHARGES WHICH BUYER AGREES

TO PAY. ALSO CONTRACT PROVIDES FOR ONLY 2.5 PERCENT DOWNPAYMENT.

GRATEFUL IF YOU CAN GET BUYER TO AGREE TO EITHER

(1) PAY PREMIUM AND BANK CHARGES DIRECT (WITHOUT REFUND)

A TOTAL OF 5 PERCENT OR

(2) TO AGREE TO INCREASE CONTRACT PRICE TO INCLUDE PREMIUM

AND BANK CHARGES AND TO PAY 5 PERCENT OF THAT ENHANCED PRICE

AS AN INITIAL DOWN PAYMENT.

NNNN