RESTRICTED
RESTRICTED
FM HONG KONG
TO IMMEDIATE FCO
TELNO 938
OF 160915Z MARCH 90
His will
RECEIVED !!
3 0 MAR 1990
TRY
(70,
071522
MDHIAN 1614
YOUR TELNO 553: IVORY :PQ'S
1. WE AGREE IT IS UNFORTUNATE THAT THERE HAS BEEN SOME CONFUSION.
PERSONAL STOCKS ACCOUNT FOR ONLY SOME 3 PERCENT OF TOTAL STOCKS IN HONG KONG AND OUR PRIORITIES HAVE BEEN TO CONTROL COMMERCIAL, TRADEABLE, STOCKS.
2. AS REGARDS POSSESSION LICENCES FOR PERSONAL HOLDINGS WE FULLY
APPRECIATE THE NEED NOT TO PROVIDE FRESH AMMUNITION FOR THE CONSERVATIONIST LOBBY. WE HAVE FOUND YOUR COMMENTS VERY HELPFUL AND WILL, OF COURSE, TAKE THEM FULLY INTO ACCOUNT BEFORE WE COME TO A FIRM VIEW AS TO WHETHER THE LOWER HOLDING LIMIT SHOULD BE RELAXED. WE EXPECT TO COMPLETE OUR EXAMINATION WITHIN THE COMING WEEK.
3. WE HAVE FAXED OUR DRAFT LEGISLATION TO STONE HKD. YOU WILL NOTE THE EFFECTIVE DATE REMAINS 17 JULY (NOT (NOT) 16 JULY AS SUGGESTED BY PARA 2 OF YOUR TELNO 419). THIS ACCORDS WITH PARA 6 OF YOUR TELNO 174. WE AWAIT TEXT OF RESERVATION REQUESTED IN PARA 4 OF OUR
TELNO 687.
WILSON
YYYY
ΜΑΙΝ
21
LIMITED
HKD
MAED
NNNN
DISTRIBUTION
21
MR MCLAREN
PAGE 1 RESTRICTED