TNAG-2409-FCO40-3503-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-Brit-1992 — Page 24

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

what

secenty

Jevon

диальная 100% Que

by guster

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ALSO FOR YOUR OWN INFORMATION, WHILE CREDIT BEYOND EIGHT AND A HALF YEARS IS NOT (NOT) A STARTER, SOME OF ALLAN'S OTHER POINTS, SUCH AS LOCAL COSTS MIGHT (REPEAT MIGHT) BE NEGOTIABLE. BUT EVEN IF ANY OF THESE WERE TO BE CONCEDED (AND ECGD WOULD NEED INTERDEPARTMENTAL AUTHORITY TO DO SO NOT A FOREGONE CONCLUSION SINCE THEY IMPACT ON EXPOSURE) IT IS NOT POSSIBLE TO GIVE A POSITIVE STEER AT THIS STAGE.

GOVERNMENT

4 FINALLY, AGAIN FOR YOUR OWN INFORMATION, OUR UNDERSTANDING IS THAT OTHER EXPORT CREDIT AGENCIES (ECAS) INCLUDING THE DUTCH (NCM) HAVE TAKEN A FIRM LINE ON THE NEED FOR HONG KONG SECURITY. THE ONLY SOFTENING IS THAT NCM HAS RECENTLY INDICATED IT WILL RECONSIDER THE NEED FOR HONG KONG GOVERNMENT GUARANTEE IN THE LIGHT OF THE ATTITUDE ADOPTED BY ECAS. THIS PROBABLY HELPS EXPLAIN PAA'S WISH FOR ECGD TO TAKE

A LEAD,

In HELE 6...

whe propel tell you! mjestu

CC

DTI

MDP92.M7

TREASURY

FOR INFO

FCO

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