RESTRICTED

147306

MDLIAN 6069

(J) THE CASE OF MR RONALD LI, FORMER CHAIRMAN OF SEHK, IS BEING DEALT WITH BY COURTS OF LAW. IT IS THEREFORE INAPPROPRIATE TO COMMENT ON IT NOW.

THIS

(K) THE ESTABLISHMENT OF A STATUTORY REGULATORY BODY OUTSIDE THE CIVIL SERVICE IS ONE OF THE PRINCIPAL RECOMMENDATIONS OF THE SRC. ALTHOUGH NO FINAL DECISION HAS YET BEEN TAKEN ON THIS MATTER, IS ONE OF THE PRIORITY AREAS ON WHICH THE HONG KONG GOVERNMENT IS FOCUSING ITS ATTENTION. IT IS HOPED THAT A DECISION IN PRINCIPLE WILL BE MADE SHORTLY AFTER THE PERIOD FOR PUBLIC COMMENTS EXPERES. CONCURRENTLY, ACTION IS BEING TAKEN TO ENLIST THE ASSISTANCE OF A UK CONSULTANT TO ADVISE GOVERNMENT ON THE IMPLEMENTATION ASPECT OT THE RECOMMENDATIONS, WITH PARTICULAR EMPHASIS ON THE ESTABLISHMENT OF THE SC.

WILSON

YYYY WASHINGTON PLEASE PASS SAVING SANFRANCISCO

YYYY

ΜΑΙΝ

50

.HONG KONG AGREEMENT

. (RESTRICTED)

LIMITED

HKD

HD/FED

RESEARCH (FE)

ADDITIONAL

2

MR FIFOOT, LEGAL ADVISERS

N N N N

(HKGO)

DISTRIBUTION

52

PUSD

PS/LORD GLENARTHUR PS/MR EGGAR

PS/PUS

MR MCLAREN

MR GILLMORE

HK GOVT OFFICE LON

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