DSR 11C
LORD PRIVY SEAL'S VISIT TO HONG KONG:
8. 11 JANUARY 1982
BRIEF NO
:
Points to Make:
HONGKONG AND SHANGHAI BANKING CORPORATION'S BID FOR ROYAL BANK OF SCOTLAND
(FOR DISCUSSIONS WITH GOVERNOR)
1. Outcome of bid dependent on decision of Monopolies and
Comment on the bid would be inappropriate
Mergers Commission.
while it is still under consideration.
2.
HMG takes no position on commercial merits of rival bids.
3. Have no reason to believe that the Government intends to
introduce legislation on bank mergers.
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4.
Concerned that HMG must be seen to have confidence in
Hong Kong.