CONFIDENTIAL
FM HONG KONG
TO PRIORITY FCO
TELNO 3924
CONFIDENTIAL
Ра
OF 231013Z DECEMBER
91
INFO ROUTINE PEKING, UKREP JLG HONG KONG
HKB 233/1
242
135273
MDLIAN 3699
2204/2205
PERSONAL FOR BURNS, AUSS FROM GOVERNOR PEKING: PERSONAL FOR AMBASSADOR
UKREP JLG HONG KONG: PERSONAL FOR PAUL
(240)
YRTELNO 2181HMOCS MATTERS:
HYPOTHECATED LOANS
1. BY WAY OF A FURTHER INTERMIM REPLY TO TUR, WE HAVE NOW MANAGED TO EXTRACT AN INTERIM REPORT FROM THE CONSULTANT. IT IS BEING FAXED TO PETER RICKETS. GRATEFUL IF HE WOULD PASS COPIES TO THE TREASURY/ODA TEAM.
2. AS YOU WILL SEE, THE CONSULTANT DOES NOT RULE OUT SUCH A SCHEME (IT IS AFTER ALL HIS BRAINCHILD AND HE STILL HAS A CONSULTANCY TO COMPLETE): BUT ALL THE INDICATIONS ARE THAT IT WILL PROVE TO BE MUCH TOO DIFFICULT. THE CONSULTANT'S VIEW IS INCIDENTALLY, THAT, EVEN IF IT WERE FEASIBLE, NEITHER HIS PROPOSED SCHEME NOR ANY VARIATION OF IT WOULD MEET THE REQUIREMENTS OF HMOCS OFFICERS.
·
3 I AGREE THAT WE SHOULD NEVERTHELESS MAKE ARRANGEMENTS FOR THE CONSULTANT TO MEFT THE TREASURY TEAM. HE IS RICHARD MARGOLIS, EX FCO, NOW WITH SMITH NEWCOURT. HE WILL BE AVAILABLE FOR
DISCUSSIONS IN LONDON ON TUESDAY 21 JANUARY IF THAT IS
CONVENIENT. I SHOULD LIKE KEITH SHIPLEY (CSB) TO BE THERE TOO AND WILL SEND HIM TO LONDON FOR THAT PURPOSE.
WILSON
YYYY
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