I will talle to him briefly (a constituent).

Is the right thing to steer

Dear Peter,

The Press Gallery, House of Commons, London SW1

info the Ith govt office

HICK 121/10

RECEIVED IN REGISTRY NO. 51

02 FEB 1981

DECK OFFICER

ction Take

January 27th, 1981

Owen Oyston, who igersonal pfriend, Roing to Hong Kong early next week on a working holiday i have suggested that, if you can spare him the time. The reallbught to have 10 minutes on the telephone with yourself beror he gûddi

He has arranged the trip at very short notize, otherwise it might have been possible to meet over lunch, subject of course to your own commitments.

See

He will be in Hong Kong with Michael Wan, proprietor of the Mandarin Restaurant, in Clifton Street, and I have also arranged for Barry Choi, of the South China Morning Post, to make some introductions.

On the business side, Owen plans to look at things generally for future reference, but he also has two specific projects in mind. One relates to a film company which we recently set up in Lancashire with a view to providing programmes for the fourth channel, and possibly at a later stage for the established TV networks. Owen hopes to investigate in principle the prospects for marketing English-language Chinese films in this country.

The second project relates to his estate agency which, as I am sure you know, is the largest in the North-West with a turnover in properties in excess of £50 million per annum. One restraining factor on the development of his business has always been the availability of mortgage funds, which in turn has made it that much more difficult for many young couples, in particular, to own their own home.

a

Owen would like to operate/scheme with a bank or other financial institution to provide mortgages, with the property obviously being security. He wonders whether any of the Hong Kong institutions would be able to join in such a scheme and at sufficiently competitive rates.

I have taken the liberty of giving him your office number, and suggesting that he make contact with your secretary within the next couple of days.

HKGD

for urgent advice on

the Minister's questin ative pl. by undday on 29 Mens January

KJM 28

Regards,

Julian

F

Julian Allitt

been gallery.

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