TNAG-0955-FCO40-1174-Legislation-for-traffic-on-roads-in-Hong-Kong-1980 — Page 89

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DepartmentHKGD

Drafted by

lock Capitals) RD CLIFT........

Tel. Extn.........................23.3...3184.......

OUTWARD

TELEGRAM

Security Classification

CONFIDENTIAL

Precedence ROUTINE

DESKBY

FOR COMMS. DEPT. USE

(Date)

Despatched

POSTBY................

(Time)

..........Z

AY 42

..Z

..............Z

PREAMBLE

(Time of Origin)

.Z(G.M.T.)

CONFIDENTIAL

(Security Class.)

(Codeword)

(Restrictive Prefix)..

(Caveat] COMMERCIAL IN Privacy Marking).........CONFIDENCE.....

(Deskby)........

TO........

(precedence)

ROUTINE HONG KONG

(post)

.......... Tel. No.

of....

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AND SAVING TO...........

REPEATED TO (for info).....

SAVING TO (for info).......

Distribution:-

Limited

HKGD

TRED

Mr Donald

to:-

Copies to Kong Govt.

Hong

Office, London

(for Commissioner)

[TEXT]

FOR JEAFFRESON FROM CLIFT.

YOUR TELNO 1214: ECGD GUARANTEES

1. We have been in touch with ECGD on both contracts.

ECGD's concerns are of course different in each case.

Over buses, they are worried over the company's share base

relative to the size of the order. On Castle Peak 'B'

the difficulty is the long period of the contract and the

risk of a reduction in electricity demand, together with

the growth of ECGD's coverage in Hong Kong.

2. March, who is in London, has underlined your

concern on buses to ECGD, stressing the risk of pressure

for abrogation of the 'Commonwealth' clause.

3.

On Castle Peak 'B', I attended a meeting on

24 September with DOI, DOT and ECGD. The general points

CONFIDENTIAL

COMMERCIAL IN CONFIDENCE