CONFIDENTIAL
046
MDLOAN 5312
OPERATORS ARE PROPERLY INSURED BEFORE LICENCES ARE ISSUED. SECONDLY, THE NEGOTIATED INDEMNITY ARRANGEMENT WILL HAVE TO BE COMPREHENSIVE AND ACCEPTED BY FCO AND BNSC LEGAL ADVISERS AS A
SOUND LEGAL BASIS FOR AN AUTONOMOUS LICENSING REGIME IN HONG KONG. SUBJECT TO THESE TWO POINTS, THE BNSC IS PREPARED TO CONSIDER A SYSTEM WHERE IT DOES NOT VET INDIVIDUAL LICENCE APPLICATIONS.
5
THE NEXT LICENCE TO BE ISSUED IN HONG KONG WILL BE FOR EPSTAR ONE, SCHEDULED FOR LAUNCH IN MID 1994. WE AGREE THAT IT WOULD BE HELPFUL IF NEW ARRANGEMENTS COULD BE IN PLACE BY THEN. HOWEVER THIS CANNOT BE GUARANTEED DUE TO THE LEGAL PROBLEMS WHICH COULD
ARISE WITH THE INDEMNITY ARRANGEMENT AND OTHER MATTERS.
WE AND THE BNSC ARE CONSULTING OUR LEGAL ADVISERS ABOUT THIS PROPOSAL. IT WOULD BE HELPFUL IF YOU COULD NOW PRODUCE A FORMAL PROPOSAL FOR OUR DETAILED CONSIDERATION.
6"
HURD
YYYY
ΜΑΙΝ
.HK POLICY
HKD
PUSD
FED
70
DISTRIBUTION
72
PLANNERS
RAD
ESED
PS
LEGAL ADVISERS//MS BARRETT
./MS BROOKS AND MR GILES NEWS D
PS/MR GOODLAD SIR J COLES
MR HUM
NTCD
ADDITIONAL
2
HO//B4DIV MR C KELLEY
DTI//BNSC/MR P ROBINSON
NW~~
PAGE
2
CONFIDENTIAL