83g/bg.pa/january/4.12
HM Treasury
John Gieve
Under Secretary
MON
Parliament Street London SW1P 3AG
Telephone 071-270 4469
CONFIDENTIAL UNDER THE BANKING ACT
RA Burns Esq
Foreign and Commonwealth Office Whitehall
London
SW1
i
12 January 1993
امستر سودان
سمات
Der Andrew
I attach a letter I have received from the Bank of England setting out the latest position on their talks with HSBC Holdings Plc following the takeover of Midland. As you will see, the Bank is proposing to write to the Financial Secretary in Hong Kong to state that there could be circumstances in which Holdings will not be permitted to support HSBC Ltd. This follows discussion between the Hong Kong Commissioner of banking, HSBC Holdings, and the Bank.
I am sending a copy of this letter to Mr Osborn at the Bank.
sincerely
Jar. Gieve
JOHN GIEVE
Switchboard 071-270 5000
Fax 071-270 5653
Telex 9413704