VERE SUGGESTIONS HERE LAST YEAR THAT HIS COMPANY WAS FINANCIALLY STRETCHED AND WE KNOW (PLEASE PROTECT) THAT HIS BANKERS WOULD FE HAPPIER IF HE CONCENTRATED ON ONE PROJECT AT A TIME. HOWEVER WHEN MY CONVERSATION WITH WU TURNED TO THE POAD HE SPOKE WITH
ENTHUSIASM. WE KNOW THAT COSTAINS BELIEVE HE REMAINS COMMITTED
TO THE PROJECT AND THE CHINA TRADE UNIT HAS SEEN NO SIGNS THAT THE PROJECT HAS ANY LESS PRIORITY WITH THE CHINESE (SEE SEATON'S
TELELETTER TO ADAMS OF 9 JANUARY).
3. MORE COMMENT: THE EXTENT OF THE COMPETITION BETWEEN COSTAIN AND TH IS RECORDED IN THE NOTES ON MY VISITS TO BOTH COMPANIES
IN LONDON IN OCTOBER (HOWARD TRACY HAS COPIES). IT SEEMED TO ME THEN THAT TH WERE STILL HANKERING AFTER DOING THE WHOLE PROJECT THEMSELVES AND DID NOT WISH TO ACCEPT THAT HOPEWELL/COSTAIN WERE WU'S CHOSEN PROJECT MANAGERS. MAISEY OF TH, WHO WAS LEAVING WU'S OFFICE WHEN I CALLED ON 21 JANUARY, IS COMING TO SEE ME ON FRIDAY, 7 FEBRUARY.
HOLLOWAY
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HMLNAN 1364
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