TNAG-1434-FCO40-1917-Hong-Kong-leading-personality-Sir-Yue-Kong-Pao--businessman-1986 — Page 176

CONFIDENTIAL

(£)

NINGBO STEEL PROJECT

POINTS TO MAKE (if raised)

1.

Glad that Davy Consortium have submitted preliminary feasibility report to Chinese authorities. Hope Chinese will soon give approval for full study to go ahead.

2.

Present Chinese view of project?

3.

it,

Enormous scale of project means that only part of

at most, could be financed under UK soft loan facility;

but HMG prepared to consider this, if it has support of

central Chinese authorities.

CONFIDENTIAL