TNAG-1078-FCO40-1328-Policy-of-the-Hong-Kong-Government-on-television-services-1981 — Page 65

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SCOTT

(cont'd)

The suggestion was, I think, that each partner would accept putting in up to $AUS5 million more.

It would be useful for us to have some statement

on the record, not to tie you down, but as an indication of your planning and commitment.

VERNON

We have not discussed any particular figure

(between ourselves) and so I am not in a position

to say whether an additional $A2 million will

be required or $A5 million or whatever the figúre

may be.

But I can say that we have come into

this project with the clear understanding that

we propose to turn it around and make it successful,

and we will be prepared to put in whatever

financial finances are required and which are recommended and supported by David Syme ard

Henry Jones in order to achieve that aim.

LOVASS

I think it is important to know each of the three companies involved has a history of battling projects which are of a long term nature and there is no history in any of the companies of getting in

and out of ventures and cutting losses, ard so forth. None of the companies have that sort of track record and they have all shown dedication to long term investments and several of the companies have a record of having their own loss operations,

making them profitable, and taking the long term

view. Our record in this case shows that very clearly.