20 NOV 1989

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BARCLAYS

BARCLAYS BANK PLC

Public Relations Department, Public Affairs Section

P.O. Box No. 259, Fleetway House, 25 Farringdon Street, London EC4A 4LT Telephone: 01-489 1995

Hon Francis Maude MP

Minister of State

Foreign & Commonwealth Office

Downing Street

London SW1A 2AL.

Your Ref:

Our Ref:

Ext. No:

Mr Pah

ловди

HKD

for advice and draft

reply, as appropriate, please

cc Pslue Haude

1989H-McLaren

17th November 1989H Mclaren

Braver

Lear Muuten

Hong Kong 'Braindrain' and the Effects on Barclays Bank

20/10

Barclays in Hong Kong, in common with many companies operating there, finds itself suffering competitively because of the current situation which is causing uncertainty in the labour market. This fact is further exaggerated by the position of the French and US Governments.

We wish to bring this important matter to your attention and I hope you will find a moment to read the enclosed briefing paper.

чай

Andrew MacThomas

Public Affairs Manager

Enc

1

Member of IMRO

Registered in London, England. Reg. No: 1026167. Reg. Office: 54 Lombard Street, London EC3P 3AH

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