-11-
position of BMFL. The uncensored minutes which my lawyers have now inspected (Pages 21-22 "LEO 2") reveals there was recorded at item 83/82 a discussion concerning the global placement limits of BBMB's foreign operations and the
It is relevant to lending position at 26th March 1982 to banks and non-banks.
my case that the Senior General Manager of the International Banking Division had in 1982 assured the committee that global placement limits were "closely monitored on a continuing basis to prevent any undue risk to the Bank"
THE CENSORING OF THE DOCUMENTS.
}
33. My complaint relating to the censoring of documents has been the subject of a long-standing dispute with both BBMB and the HK Government, indeed since the very beginning of the case. I can illustrate my complaint in this way. Mr Allison produced as part of "CHA 3", a 3-page extract from the minutes of a Board meeting on 19th January 1982 (Pages 23-25 "LEO 1"). The only relevant
the extracts which he has selected is page 1, identifying those present at meeting, Page 3 relating to BBMB's money market operation, and page 5, BBMB's
the full offshore loans
board Inspection of and foreign currency loans. minutes shows that it is 22 pages and that item 8/82 (iv) on Page 12 (31) refers to a discussion concerning BMFL and its profits, domestic loans and
advances and offshore loans.
to produce this, leads me
question his definition of what comprised "material documents". Furthermore,
he had excised pages
6-9 (Pages 27 30 "LEO 1") which set out financial figures reported by the foreign branches, including New York, Bahrain and
London. As
to Carrian large proportion of the funds lent
came from the
foreign branches and as my case is that BBMB was aware at all material times of the loans to Carrian, in part, because they were aware of the figures reported by the foreign branches, such information disclosed at Board-level is
clearly relevant.
a
His
omission
-
to
34. The extracts of the Board minutes for the meeting of 9th November 1981 ("CHA 1", 29) (Pages 32-34 "LEO 1") illustrate further the highly prejudicial
The extracts which Mr. Allison produced
of pages consequences of censoring. 5,6 and 13, fail to reveal those present at the meeting. They refer only to BMFL and offshore loans and foreign currency loans of the various foreign branches, including BMFL. The complete minutes of this meeting, totalling 40 pages, in fact deals with "money market operations" at page 4 of the minutes, which he considered relevant in the 19th January 1982 minutes referred to
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