CONFIDENTIAL
181
HKK- On 102/5
1
15002
1
PP HONG KONG
GRS 131
CONFIDENTIAL
PA TO 221,00% JUNE 81
TO PRIORITY HONG KONG
TELEGRAM NUMBER 503 OF 22 JUNE
ROYAL BANK OF SCOTLAND
1.
SECRETARY OF MONOPOLIES AND MERGERS COMMISSION HAS WRITTEN
TO ACTING GOVERNOR SAYING PROPOSED MERGER OF RSB WITH HSB RAISES
QUESTIONS ON WHICH COMMISSION WOULD BE GREATLY ASSISTED BY
EVIDENCE FROM HKG. COMMISSION NEEDS TO KNOW ABOUT STATUTORY
AND NON-STATUTORY ARRANGEMENTS FOR BANKING SUPERVISION AND
REGULATION IN RELATION TO BANKING OPERATIONS INSIDE AND OUTSIDE
HONG KONG, IN GENERAL, AND IN RELATION TO SB.
2. COMMISSION ALSO NEEDS YOUR ASSISTANCE ON LONG TERM PROSPECTS
FOR HSB IN HONG KONG, WHICH NATURALLY ARE LIMITED TO THOSE OF
FREE ENTERPRISE ECONOMY OF HONG KONG ITSELF.
3. COMMISSION WOULD BE GRATEFUL FOR MEMORANDUM FROM HKG ON
THESE MATTERS AND ANY OTHERS YOU CONSIDER MAY BE MATERIAL, HAVING REGARD TO SECTION 69 OF FAIR TRADING ACT. COMMISSION
ARE ALSO READY TO TAKE ORAL EVIDENCE ON THESE MATTERS FOR WHICH
13 JULY WOULD BE MOST CONVENIENT.
4. FOR FURTHER INFORMATION YOU SHOULD CONTACT MR E H WHITAKER ON
01-331-0111 EXT 2001.
5. COPY OF LETTER BY NEXT BAG.
CARRINGTON
NNNN
DISTRIBUTION
LIMITED
HKOD
PS
PS/LPS
PS/PJS
AR DONALD
1
CONFIDENTIAL