TNAG-2982-FCO40-1474-Mass-Transit-Railway-(MTR)-in-Hong-Kong-1982 — Page 6

RAR

(an MTR file)

EXPORT CREDITS GUARANTEE DEPARTMENT

PO

Telex 883601

No 272 Aldermanbury House Aldermanbury London EC2P 2EL

Telephone 01-606 6699 ext. 4621

RE Adams Esq

HM Treasury

Parliament Street

London SW1

Your reference

EFP KB/781/1576/01

Our reference

Date

12 October 1982

нтере

1

15

GUARANT

NTEE

EXPORT

A

CREDITS

MENT

DEPARTM

+

173/1

HONG KONG MASS TRANSIT RAILWAY "ISLAND LINE" EXTENSION

No

12/2/10 P127/10

This project was considered by EGC last year when ECGD was authorised provide Buyer Credit support for Hong Kong dollar finance within a ceiling of £200m. aggregate contract value. Hawtin's letter of 30 July 1981 to Birch refers.

NR

We now know the full extent of orders to be placed in the UK, and I attach a full list. The total value of the UK part of these contracts amounts to some HK1153m (say £110m); ECGD's liability under the related Buyer Credits is HK$1974m (say £186m).

Yours sincerely

PP

R Holloway

CC

T JH Downing

G M Gowlland

BOE

FCO

Miss M T Neville-Rolfe DOT

G Leader

JRC Oughton

DRC Durie

ODA

MOD (Sales)

ME V Haggard

T Muir

J C S Priston A J Havelock

PEP

Do Env

DOT (OT4/2)

DOI (MEE) DOI (MEE)

LAST PAPER