RESTRICTED
WAS ANNOUNCED THAT SOME U.S. DOLLARS 30 MILLION QUOTE TRUST
INVESTMENT CERTIFICATES UNQUOTE WOULD BE ISSUED BY CITIC IN HONG
KONG BEFORE THE END OF THE YEAR. THE TRANSFERABLE CERTIFICATES
WOULD BE AVAILABLE WITH A FACE VALUE OF BETWEEN U.S. DOLLARS
50,000 AND U.S. DOLLARS 1 MILLION AND YIELD A SEVEN PER CENT RATE
OF INTEREST. MOST REPORTS DESCRIBED THE RATE OF INTEREST AS QUOTE
ATTRACTIVE UNQUOTE COMPARED WITH THE LOCAL BANK RATE.
HADDON-CAVE
FUTURE OF HONG KONG
LIMITED
HD/HKD
COPIES TO:
MR BURROWS
SIR I SINCLAIR LEGAL ADVISER
ED/PLANNING STAFF
HD/FED
HD/PUSD
PS
PS/LADY YOUNG
PS/MR LUCE
PS/PUS
SIR J BULLARD
MR GIFFARD
MR DONALD
THIS TELEGRAM
WAS NOT ADVANCED
MR MARTIN
MR FLOWER
MR COLES
MR WALKER,
MR WRIGHT
2
LEGAL ADVISERS
ASSESSMENTS STAFF CABINET OFFICE
PUSD
NO 10 DOWNING ST
11
IT
RESEARCH DEPT
SIR A PARSONS
MR ROBERTS NEWS D
GOGGS
HONG KONG GOVT. OFFICE, LONDON
RESTRICTED