TNAG-2594-FCO40-3782-Appointment-of-Chris-Patten-as-new-Governor-of-Hong-Kong--Ap-1992 — Page 22

- I congratulate the consortium.

I hope other British

concerns are successful. And they have every chance, if

they are competitive.

WHAT ECGD COVER WILL BE AVAILABLE FOR BRITISH FIRMS?

- Cover for medium and long term credit business is

available within ECGD's normal market and budgetary

constraints.

-

Support for large individual cases requires special

consideration.

PROJECT TOO EXPENSIVE

-

Must also

Hong Kong's reserves in a very healthy state.

remember considerable accumulations in the Land Fund, which

will be handed over to the SARG in 1997.

- For such a large project any Government would need to borrow or use reserves prudently built up for such purposes.

SISADR/6