7

5 MB. Ronald (20.) 20. 26, 11 38

Acks. 4. Suggests reply to the effect that project cannot be allowed unúso Anglo- made for incorporation

Mr Towns

be Cephound to

sechandang

رم و را

that he

arred with NOS-

except

that

sei

last para

the Bank

it is not necessay

That

Itself

مام

be

capable of incorporation

under HK. law, but only that

4K 7

any

Local projection in

the Bank

she be so organised.

Oft herewith

which I

Mment.

han reall own to Fo.

other Comens

Tel. 944 to Hongkong

7 To Imurang

stim To

7.0.

29.

241/30

5 DEC 1988

VOTED P

ETS

Preded to

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