CONFIDENTIAL

FM FCO

TO PRIORITY HONG KONG

TELNO 94

OF 23100OZ JAN 92

CONFIDENTIAL

Нас оготн

$

030645/2

MDLOAN 5244

TOP COPY Q DIST ? *

YOUR TELNOS 2812 (1991) AND 182: FOREIGN CORPORATIONS ACT 1991

1.

WE REGRET THAT, DUE TO AN OVERSIGHT, YOU DID NOT RECEIVE A RESPONSE TO YOUR FIRST TUR.

2. YOU ASKED IN EFFECT WHETHER THE FOREIGN CORPORATIONS ACT 1991 CAN BE EXTENDED TO HONG KONG. ALTHOUGH THE ACT EXTENDS TO NORTHERN IRELAND, IT APPEARS THAT IT EXTENDS ONLY TO THE UK AND NOT TO OTHER PARTS OF UNITED KINGDOM TERRITORY. THERE IS MOREOVER NO POWER TO EXTEND THE ACT TO UK DEPENDENT TERRITORIES BY ORDER-IN-COUNCIL. AS A RESULT THE ONLY WAY IN WHICH HONG" KONG COULD BENEFIT FROM LEGISLATION OF THIS KIND WOULD BE BY MEANS OF AN ORDINANCE.

3. AMENDING THE ACT TO INCLUDE A POWER TO MAKE ORDERS-IN-COUNCIL WHICH EXTEND THE ACT TO THE DEPENDENT TERRITORIES IS NOT A SERIOUS OPTION. THIS IS A PITY SINCE WE CAN SEE THAT IT WOULD BE POLITICALLY EASIER VIS-A-VIS CHINA TO EXTEND THE ACT BY ORDER-IN-COUNCIL RATHER THAN CONSULTING THE CHINESE OVER LOCAL LEGISLATION. BUT WE SEE NO ALTERNATIVE TO ENACTING LOCAL LEGISLATION ON THIS SUBJECT.

HURD

YYYY

MAIN

66

LIMITED

HKD

FED

ERD

PUSD

WIAD

PLANNERS

DISTRIBUTION

68

RAD

PS/LORD CAITHNESS

PS/PUS

SIR J COLES

MR BURNS

MS BROOKS, LEGAL ADVISERS

PAGE

1

CONFIDENTIAL

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