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MDLIA 5266
PASSPORT. IT WOULD OFFER HKBDTCS AND ADDITIONAL OPTION IN THE CONVERSION EXERCISE AND WOULD CERTAINLY BE AN ADDED INCENTIVE FOR THEM TO COME FORWARD TO REGISTER AS BN (0)S. WE WOULD OF COURSE STILL REQUIRE AN ORDER IN COUNCIL SPECIFYING THE TIME OR TIMES BEFORE WHICH APPLICATIONS FOR REGISTRATION AS BN(O)S MUST BE MADE TO AVOID THE POSSIBILITY OF AN OVERWHELMING FLOOD OF APPLICATIONS IMMEDIATELY BEFORE 30 JUNE 1997.
5. WE SHOULD BE GRATEFUL FOR YOUR VIEWS AND WOULD APPRECIATE YOUR EARLY REPLY.
WILSON
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