TABAEA(9)

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2.

Investigations by the Independent Commission against

Corruption

The investigation is of course a matter for the Hong Kong

authorities. I cannot comment on the substance of the allegations.

But it is clearly right that the authorities should have moved decisively to take the action which they judged necessary. This is further evidence of their determination to deal effectively with any

problems which are identified in the operation of Hong Kong's

financial institutions.

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