CODE 18-77

CONFIDENTIAL

Reference.

as Mr Fish suggests, to tell them that the Margolis Scheme will not solve the HMOCS problem and neither it nor any other HKG scheme can provide political cover for HMOCS

capitalization. be discussed).

So we must provide a safeguard - details to I should be grateful for your views.

مالا

N J Cox

Hong Kong Department

WH 302

270 2650

13 April 1992

KIPAJA

CONFIDENTIAL

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