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4. A FUND RAISING COMMITTEE WAS ALSO APPOINTED. THIS WILL BE CHAIRED BY PAUL CULLINGTON (PEAT MARWICK), AND COMPRISE JAMES CHIU (GEC), CHRIS COULCHER CINCHCAPE), DAVID TOWNSEND (HKS BANK), ANDREW SCOTT CLANGHOLM GROUP) AND BARRIE MCWHIRTER. THE COMMITTEE WILL PRODUCE A PAPER BEFORE THE FORTHCOMING AGM ON FUND RAISING ACTIVITIES. THE HOPE IS THAT ENOUGH MONEY WILL BE RAISED THROUGH THE EFFORTS OF THE COMMITTEE TO PROVIDE SUFFICIENT REVENUE FOR THE CHAMBER'S RUNNING EXPENSES. AS PART OF THIS INITIATIVE IT WAS SUGGESTED THAT FOUNDER MEMBERS WOULD BE ASKED TO PAY HONG KONG DOLLARS 100,000, LARGE CORPORATES HONG KONG DOLLARS 25,000 - 100,000, SMALL CORPORATES HONG KONG DOLLARS 5,000 - 25,000, ASSOCIATE MEMBERS HONG KONG DOLLARS HONG KONG DOLLARS 5M000 - HONG KONG DOLLARS 25,000 AND INDIVIDUAL MEMBERS HONG KONG DOLLARS 1,000 - 5,000, ANNUALLY FOR THE NEXT THREE YEARS. SURPRISINGLY THIS DID NOT RAISE ANY EYEBROWS.

5. AS A POSTSCRIPT TO TODAY'S AGENDA, THE QUESTION OF THE CHAMBER COLLOCATING WITH THE CONSULATE GENERAL IN THE NEW BUILDING WAS DISCUSSED. ANTHONY WOOD MENTIONED THAT HE HAD GIVEN MFT A LETTER ON 28 APRIL (COPIES OF WHICH YOU HOLD) INTER ALIA ON TERMS. I SAID I THOUGHT IT OUGHT TO BE POSSIBLE TO ALLOCATE 200 SQUARE METERS OF FLOOR SPACE TO THE CHAMBER BUT THAT IT MIGHT NOT BE POSSIBLE TO MEET THE CHAMBER'S REQUEST ON RENT. THE COMMITTEE RECORDED THAT THEY VERY MUCH HOPED HMG, AS PART OF ITS CONTINUING CONTRIBUTION TO THE SUCCESS OF THE BRITISH CHAMBER OF COMMERCE IN HONG KONG, WOULD AGREE TO PROVIDE ACCOMMODATION FREE OF CHARGE IN THE CONSULATE GENERAL BUILDING (PERHAPS PAYING ONLY A SHARE OF UTILITY COSTS). CHIU ASKED WHETHER IT WOULD BE POSSIBLE TO SEE MR GOODLAND ON HIS FORTHCOMING VISIT TO HONG KONG TO REPEAT THE REQUEST. I HAVE DISCUSSED THE MATTER WITH GOVERNMENT HOUSE. IT MAY NOW BE DIFFICULT TO ARRANGE A SEPARATE MEETING BUT I HAVE INVITED CHIU TO THE LUNCH I WILL BE HOSTING ON TUESDAY 1 JUNE FOR THE MINISTER AND SUGGEST, SUBJECT TO THE MINISTER'S AGREEMENT, THAT HE MEET CHIU PRIVATELY FOR A FEW MINUTES IMMEDIATELY AFTER THE LUNCH. THE MINISTER WILL NEED TO BE BRIEFED ON A LINE TO TAKE. WILLIAM COURTAULD, WHO WILL I UNDERSTAND BE MEETING MR GOODLAD AT GH ON SUNDAY 30 MAY, WILL PROBABLY ALSO RAISE THIS MATTER.

SMITH-OLAITTAN.

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