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2. The Plaintiff ("MTR") is a statutory corporation established for the purpose of constructing and operating Hong Kong's underground Railway. The Defendant ("Hopewell") is a large Hong Kong construction company. It undertook some of the Railway construction and associated works. In this action MTR claims two large sums of money which it says Hopewell promised to reimburse as the rent and rates MTR had to pay Government for land it secured for Hopewell's use as work areas in the construction pro