TNAG-0772-FCO40-976-Modernisation-and-electrification-of-the-Kowloon-Canton-Rail-1978 — Page 20

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RECEIVED IN RESISVAY HO. 51 3 0 NOV 1978

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47

Дебуд

fur

FM BTC HONG KONG 281044Z NOV 78

TO IMMEDIATE D.O.T

TELNO.CREDA 353 OF 28 NOVEMBER,

TW.

Thyompra

I have discussed with The Rajce. DOI, DET Treasury have no

in punciple

and agreemar

objecha

AND TO IMMEDIATE D.0.1 (FOR LIPPITT, DEPUTY SECRETARY). The modalites

FOR ROYCE, EXPORT DEVELOPMENT DIVISION. ON. MY CREDA 352: K.C.R.

45

many prove difficult but the Royce is

لسما

offumère

1. OUR REVISED OFFER IS ACCEPTABLE SUBJECT TO CLEARANCE BY FINANCE COMMITTEE. THIS COULD STILL PROVE A DIFFICULT HURDLE AND MY CONTACT ADVISES THAT IT WOULD BE AN INVALUABLE HELP IF H.M.G COULD OFFER TO PICK UP THE BILL FOR THAT PART OF TRANSMARK'S

FEE WHICH RELATES TO THEIR WORK ON THE TRAINS, SIGNALLING AND POWER SUPPLY. THIS AMOUNTS TO H.K DOLLARS SEVEN MILLION.

2. MY CONTACT ADVISES THAT IT HAS BEEN EXTREMELY DIFFICULT TO SWING THE DECISION BACK TOWARDS US AS WE ARE STILL H.K DOLLARS FORTY MILLION ABOVE THE JAPANESE. I HOPE THEREFORE THAT WE CAN OFFER TO PICK UP THE SEVEN MILLION DOLLARS CONSULTANCY FEE PERHAPS AS A DEMONSTRATION OF THE POLITICAL IMPORTANCE OF SECURING

THE ORDER FOR METCAM.

3. GRATEFUL FOR URGENT REPLY. DEADLINE IS 01202 ON FRIDAY DECEMBER 1.

MARCH

29!!!

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