TNAG-0938-FCO40-1157-Visit-of-John-Nott--Secretary-of-State-for-Trade--to-Hong-Ko-1980 — Page 89

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BRIEF 12

its re-equipment programme with the purchase of a further 2,000 buses from the UK over the next 2-3 years.

These orders

which in total would be worth some £140m will provide work for a number of UK companies including BL and Hestair Dennis.

3

ECGD also has large commitments on the Hong Kong Transit Corporation and has supported the sale of Rolls Royce RB211 engines to Cathay Pacific Airlines.

4

At present Hong Kong is ECGD's major market in terms of

liabilities.

INVESTMENT INSURANCE

5

To date ECGD has issued only one Investment Insurance Demand Agreement on Hong Kong for an investment of £40,000.

for the Investment Insurance Facility is minimal, probably due to Hong Kong's status of Crown Colony.

N.B.

DETAILS OF ECGD LIMITS AND COMMITMENTS ARE CONFIDENTIAL

ECGD

Country Policy

Division August 1980