RESTRICTED
MDLOA,
055541
252
C> MUCH OF HIS TIME WOULD BE SPENT IN THE UK, RATHER THAN IN HONG KONG. BUT WHEN IN THE TERRITORY, HE WOULD OPERATE OUT OF THE BTC, AND WOULD REPORT BACK THROUGH BTC CHANNELS, KEEPING IN THE CLOSEST POSSIBLE TOUCH WITH YOURSELF AND JAMES SMITH-LAITTEN:
D) THE CONTRACT WOULD BE LET IN PHASES, THEREBY ENABLING THE DTI TO ABORT THE EXERCISE IF AT A LATER STAGE IT SEEMED THAT IT WAS NOT WORKING, OR WAS COUNTER PRODUCTIVE:
4. THE CONTRACT HAS ALREADY BEEN SIGNED AND I HAVE FAXED TO YOU THESE AGREED TERMS OF REFERENCE. THE INDIVIDUAL CONCERNED (D A STAINES, MANAGING DIRECTOR OF GLYCED PRODUCT MANAGEMENT LIMITED) WILL BE VISITING HONG KONG, ACCOMPANIED BY JIM BROAD, FROM AROUND 27 FEBRUARY TO 7 MARCH. THAT WILL GIVE YOU AN OPPORTUNITY TO ASSESS FOR YOURSELF THE VALUE OF THIS IDEA. 5. WE THINK IT VERY IMPORTANT, INCIDENTALLY, THAT THE GOVERNOR SHOULD BE INFORMED OF THIS INITIATIVE. WE SHOULD BE GRATEFUL IF YOU COULD TAKE AN EARLY OPPORTUNITY TO SPEAK TO HIM, DRAWING AS APPROPRIATE ON THE ASSURANCES SET OUT IN PARA 3 ABOVE.
HURD
YYYY
MAIN
17
LIMITED
HKD
MR MCLAREN
NNNN
DISTRIBUTION
17
MR BURNS
2
PAGE RESTRICTED
Page 135Page 136
UNCLASSIFIED
FM HONG KONG
TO DESKBY 151000Z FCO
TELNO 482
OF 150251Z FEBRUARY 91
36