35

(or any other for that hallo)

happening Irisulije a position eq.

where a Company consisting

of Chinese / spoliad in Hong Kong for the fanpose of the Aut those

registered

operations coned be conducted wholly by Chinese outre

Lover whom a woved

any control.

k

extremely

ontride Hong Kong

fo obtain or maintain afficult bobtai

The exact legal pontion is a matter for the TO.

til you conside the watts showed be pursued

be shoved wilt

afer to.

A

const pal in Frand's

poml

w the Sov.

518

7f the

16

HI<

my phuction of

Comparing

to operate

seeking

in China and

"the protection

protection of the

Butch Hag

I try can only

do so

as

Hong Kong

under the

China Companies

& C.

The #K

Got it of domes

Expictate to

authorize new

Banks (Whelton Chinen of

HK

other) to operates in it on

the condition that they do not- Operate outside tx, but

that is premit faire not- worth contemplating.

If Therefore, they do opunte operate in chin, their control is a

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