-17 -
produced (Pages 35 40 "LEO 1"). The discussion of the Board focussed very
much on the contents of the board papers and, as such, it is relevant to have
is paper papers fully to
between 23rd January 1979 board meetings between
the
board
For the 20
sequence.
understand.
Each
board
numbered in
and
9th
are not
February 1983, the board papers are numbered from 669-1126, or 458 in total.
Of those, 84 board papers are missing, although 10 of such papers
referred to in "CHA 1" and were not therefore inspected in 1986.
:)
I
44. Of the 74 board papers listed at "CHA 1", but missing, 56 of them are in
respect of 2 board meetings, 15th September 1981 and 15th December 1982.
produce the agenda for these 2 meetings (Pages 48 60 "LEO 1") from which it
will be noted that the missing board papers are in respect of loans/deposit
position, foreign exchange business, money market operations, offshore loans
and foreign currency loans, reports from the foreign branch offices, the loan
by the applications considered
Board (including, importantly,
explained above, the loan applications attached to them), and review of
outstanding loans. The significance of the missing beard papers is that they
yould demonstrate a fundamental part of my case, that the Board were fully_
as
I have
Cavare of the Carrian loans. Mr. Allison himself considered board papers of
such nature to be material and produced similar board paper as part of "CHA
3". The Board members had full knowledge of the financial positions of the
overseas branches which funded a significant proportion of the Carrian loans.
Mr. Allison also produced document serial No. 578, board paper No. 1058 (i) on
the foreign exchange business. Board papers concerning BBMB's offshore loans
and foreign currency loans are similarly relevant (see board paper no. 971,
serial No. 384 on CHA 1 and exhibit at CHA 3). Board papers concerning BBMB's
money market operations are clearly relevant but are missing from the board
papers for the board meetings on 23rd January 1979 ("HA 1", serial No. 63),
17