UNCLASSIFIED
(e)
position of the donation? Who owns it and what restrictions are there on the uses to which it can be put?
and
Some money has already been paid out of the proceeds of the donation; what are the consequences of this (a) if a trust has been created, and (b) if no such trust has been created?
On (d) above, we would also be grateful for an opinion on whether only the nominal value (as opposed to real value) needs to be maintained in order to comply with Sir S K Tang's wish that only interest be drawn down.
5.
Your lawyers may also have views in general on how Sir S K Tang's wishes could best be carried out.
Yous
mil vide
M V Stone
Hong Kong Department