TNAG-2252-FCO40-3236-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-fina-1991 — Page 79

CONFIDENTIAL

MDHC

130615

4031

GUARANTEE. THE PROBLEM IS, IN ESSENCE, THE CHINA FACTOR AND LACK OF CONFIDENCE THAT HONG KONG WILL SURVIVE UNSCATHED AFTER 1997. (COMMENT. THIS SEEMS HARD TO SQUARE WITH THE FACT THAT FRENCH AND JAPANESE TEAMS HAVE ALREADY HELD DETAILED DISCUSSIONS WITH HKG ON THE FINANCIAL REQUIREMENTS. BUT IF THERE IS INDEED A LACK OF CONFIDENCE BY BANKS IN HONG KONG'S FUTURE, THEN IT WILL NO DOUBT BE REFLECTED IN THE FINANCIAL PACKAGES WHICH THE FRENCH AND JAPANESE ARE PREPARED TO OFFER.)

HURD

YYYY

ΜΑΙΝ

87

HONG KONG AIRPORT GENERAL

LIMITED

HKD

PUSD

ECONOMIC ADVISERS

ERD

FED

JOINT DIRECTORATE

NEWS D

PLANNERS

DISTRIBUTION

97

RAD

PS

PS/LORD CAITHNESS

PS/MR LENNOX-BOYD PS/PUS

MR BAYNE

SIR J COLES

MR MILES

MR BURNS

ADDITIONAL

SIR P CRADOCK

10

(NO.10)

MS BROOKS LEGAL ADVISERS MS BARRETT LEGAL ADVISERS

MR MACINTYRE HMT

MISS NEVILLE-JONES CAB OFFICE MR S WIGHTMAN CABINET OFFICE

MR A CHARLTON CABINET OFFICE

MR GOWAN CABINET OFFICE

MR C ADAMS PEP/DTI

MR STEVENS ECGD

NNNN

PAGE

2

CONFIDENTIAL