TNAG-2407-FCO40-3500-Airport-issues-in-Hong-Kong-Provisional-Airport-Authority.-W-1992 — Page 5

Given the difficult lending environment, he thought it

important that lending institutions did not perceive that the airport was becoming a less good risk: banks had been burnt severely in the 80's in the construction/infrastructure area and did not wish to be

burnt again.

Hong Kong Department

15/06/92

Distribution:

PS/Mr Goodlad

PS/Mr Patten

Sir J Coles

Mr Hum

Mr Broadbent

Mr Ricketts

PUGAEO/3