TNAG-1920-FCO40-2724-Hong-Kong-water-supply-from-China-1989 — Page 12

Supply of water from China beyond 1994/95 Negotiations in Hong Kong, May 1989

Negotiating Brief

1.

Advance

(a)

Size

The

(b)

ANNEX

total amount of the advance required is understood to be RMB 500 million (HK$1053 million). We will offer HK$1000 million but will be prepared to offer a maximum of HK$ 1250 million (approximately RMB 600 million).

Currency

The advance will be denominated in HK

dollars, as will interest charges and

repayments.

(c) Payment

Instalments to be paid according to a pre-arranged timetable. Discussion should

on the basis of the following, but with some flexibility to manouver

be

30% July 1989

24% July 1990

24% July 1991

22% July 1992