CONFIDENTIAL

020467

MDHIAN 2675

JANUARY WHO SAYS, INTER ALIA: QUOTE.

LI KA SHING AND SIMON MURRAY MENTIONED TO ME A PROBLEM THEY HAD ABOUT THE POSITION OF STAFF IN CHEUNG KONG HOLDINGS LIMITED AND APPLICATIONS FOR BRITISH CITIZENSHIP. NO DOUBT YOU ALREADY KNOW ABOUT THIS, BUT THEY SEEMED CONCERNED THAT THE FIRM'S DIRECT AND INDIRECT INTEREST IN THE UNITED KINGDOM AND CONTRIBUTION TO UK BUSINESS, MIGHT NOT BE PROPERLY REFLECTED IN THE CURRENT APPROACH. THEY DID SEEM SATISFIED WITH THE APPROACH AS IT APPLIED TO THE SUBSIDIARY, HUTCHISON WHAMPOA.

UNQUOTE

THIS SEEMS TO CONFIRM THAT LORD DERWENT AND SIMON MURRAY WILL RAISE THIS ISSUE WITH LORD CAITHNESS. THEY SEEM CORRECTLY TO HAVE GUESSED WHERE MATTERS STOOD IN RESPECT OF CHEUNG KONG, BUT NOT CAVENDISH.

HEAP

YYYY

ΜΑΙΝ

18

LIMITED

HKD

DISTRIBUTION

18

MR MCLAREN

PS/LORD CAITHNESS

MR BURNS

NNNN

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3

CONFIDENTIAL

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