TNAG-1236-FCO40-1549-Future-of-Hong-Kong-1983 — Page 55

HQ/HKGD

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HKK 040/1

1 MAR 1983

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LAF 1/3

1.

The PUS had lunch with the Chairman and directors of Inchcape one day last week. One of the directors, Mr D R Davies, seemed rather negative about investment in Hong Kong. He maintained that Hong Kong was no longer a place in which it was sensible to invest and that very rich Chinese were 're-insuring like mad' by moving funds elsewhere, eg to Singapore, Malaysia, Canada and Australia. This view, however, was not necessarily reflected by Sir David Orr and others present.

22 February 1983

fakaratay

Barbara Hay APS/PUS

Mr. Mon

No

Enter Mr. Miris

Je on futurl 27/2

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