TNAG-1373-FCO40-1819-Ministerial-visits-from-the-UK-to-Hong-Kong-1985 — Page 66

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11

3.

ensure

Following pressure from the DTI and FCO, the Treasury have recently agreed to reconsider the current rules on the financing of projects in non-standard currencies, including the Hong Kong dollar, to

the

competitiveness of British companies when pursuing major

project contracts.

In the mean time the Treasury has agreed that urgent cases requiring Hong Kong Dollar

Finance should be treated on their merits on a standard

currency basis. Of immediate importance in this context

are the bids for the Second Harbour Tunnel Project.

British companies are represented in 2 of the 3 international consortia short listed for this project.