RESTRICTED
FM FCO
TO IMMEDIATE HONG KONG TELNO 1734
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Mr Myin's, HKD)
Gtruller citizens have (I think)
rgulo rendence
The UK.
somelty they and the Falkland Islands
Ankonality Ail
when the
OF 19163OZ SEPTEMBER 90 parked.
Growment
1957
How exactly
grant
сини
れし
032050 MDHOAN 7304
um
che Ghuller
ui Galanther Caloni!
right of realency" in
OFFER OF RESIDENCY PERMITS TO HONG KONG INVESTORS
1. WHEN MR BOSSANO, GIBRALTAR CHIEF MINISTER CALLED ON MR GAREL-JONES ON 11 SEPTEMBER, HE MENTIONED THAT A GROUP OF HONG KONG COMPANIES WERE SHOWING INTEREST IN A MAJOR LAND RECLAMATION SCHEME IN GIBRALTAR. IN RETURN FOR AN INVESTMENT OF POUNDS 20 MILLION THE GIBRALTAR GOVERNMENT WERE PROPOSING TO OFFER THE RIGHT OF RESIDENCE TO 2000 OF THE KEY PEOPLE IN THESE COMPANIES. THE MINISTER POINTED OUT THAT THE AIM OF OUR NATIONALITY PACKAGE WAS TO DISCOURAGE PEOPLE FROM LEAVING HONG KONG AND EXPRESSED THE NEED FOR GIBRALTAR'S EFFORTS TO BE ON ALL FOURS WITH THIS POLICY AIM.
2. MR GAREL-JONES IS VISITING GIBRALTAR 25-26 SEPTEMBER AND HAS ASKED FOR FURTHER BRIEFING ON THIS POINT. SUBJECT TO YOUR VIEWS WE INTEND TO PROPOSE THE FOLLOWING LINE TO TAKE:-
QUOTE
-
GRATEFUL IF THE CHIEF MINISTER WOULD CONFIRM THAT
BENEFICIARIES OF THE OFFER OF RESIDENCY IN GIBRALTAR MAY QUALIFY WITHOUT NEEDING TO LEAVE HONG KONG.
- IF SO THEN THIS SCHEME WOULD FALL IN WITH THE GOVERNMENT'S DECLARED POLICY OF HELPING TO ANCHOR PEOPLE IN HONG KONG, AND AS SUCH WE WOULD WELCOME IT IN PRINCIPLE.
-
- WOULD BE HELPFUL TO LEARN MORE ABOUT PRECISELY WHAT THE SCHEME WOULD INVOLVE. WHEN YOUR OFFICIALS HAVE WORKED OUR DETAILS PERHAPS YOU COULD WRITE TO ME? UNQUOTE.
3. GRATEFUL YOU CONFIRM YOU ARE CONTENT WITH THIS LINE AND ADDITIONAL POINTS YOU MIGHT HAVE DESKBY 21090OZ.
HURD
2072
YYYY
1
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