7.
3 -
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The first thing we had to ascertain was whether the
PRC approved of the project. If so, what were the views of the Hong Kong and U.K. Governments.
8.
Without the approval from the Governments and a
definite assurance from the Bank of China that they
would guarantee the loans raised from International
Banks to purchase the necessary plant, it would be impossible to obtain the required finance.
9.
It was essential to have the answers to these questions before we could proceed further. These matters involved Government decisions quite beyond our control.
10.
Mr. Lu agreed with this view saying that though Chen
Gang had influence, the eventual decision would have
to be taken by the Government.
11.
In reply to a direct question from me as to whether he
thought the PRC was in favour of the project, Mr. Lu said that he had already met me in Guangzhou and as a
friend could tell me that the PRC had allocated
additional staff to this project which indicated their
further interest.
12.
I mentioned that at a recent interview with the Prime
Minister in London, she had indicated that the U.K.
was interested, and had offered
and had offered to give me a letter
However, I felt it was too early for
to that effect.
her to do this.
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