HOFO 016/18
do JO DO T
RR DO I
GR
DESKBY 181000Z
Hkk 173/7
RECSIL
CONFIDENTIAL
DESKBY 181200Z (D O T)
Nic
FM BTC HONG KONG 180829Z JAN 79
TO IMMEDIATE D.O.T.
TELNO.CREDA 24 OF 18 JANUARY,
0845 fu
PA
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торта дет
100
De Mi Lippett - Dor.
De HigD HUGD ROTRZE) (2)
DO PUSD (2)
Bokiesth 1125
Re
INFO D.O. (FOR LIPPITT, DEPUTY SECRETARY).
FOR ROYCE.
He the Governor
MY TELNO.CREDA 18: MASS TRANSIT RAILWAY CORP (MTRC).
''
хо
1. I HAVE BEEN TOLD BY MY USUAL ''IMPECCABLE SOURCE THAT THE
GAP IS INDEED AS WIDE AS REPORTED AND THAT WE HAVE TEN DAYS IN WHICH TO CLOSE IT. I KNOW THAT THE MTRC EXECTUVE WILL WISH TO FINALISE THEIR RECOMMENDATIONS TO THE BOARD BY CLOSE OF PLAY ON FRIDAY 26 JANUARY 1.E BEFORE THE CHINESE NEW YEAR HOLIDAY (JAN 27-
31). I SUGGEST THEREFORE THAT OUR DEADLINE IS 240100Z.
2. YOU SHOULD KNOW THAT SANSOME LEAVES HERE TOMORROW (JAN 19).
HE WILL NOT RETURN TO HONG KONG UNTIL FEBRUARY 5 WHEN THE AWARDS ARE ANNOUNCED. HE HAD DRAFTED HIS ''WRAP-UP LETTER'' FOR THE MTRC LEAVING ROOM FOR A SENTENCE TO BE ADDED ON THE FOLLOWING LINES, ''WITH REFERENCE TO THE FINANCIAL ARRANGEMENTS SET OUT ABOVE, WE WILL BEAR THE COST OF THE INTEREST FROM DATE A TO DATE B UP TO A MAXIMUM VALUE OF H.K DOLLARS FORTY TWO MILLION''.
I UNDERSTAND THAT THIS MECHANISM IS ACCEPTABLE TO THE MTRC PROVIDED THAT WE CAN FIND THE MEAN TO ENABLE METCAM TO ADOPT IT.
MARCH
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