TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 25

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the limit could result in the Corporation

having to turn away further business and

discourage exports. On the basis of the

usual gearing of three, up to $233 million

will have to be set aside from the free

fiscal reserves as cover for the additional

contingent liability.

I would like to stress that this

maximum liability is a theoretical amount,

never likely to be at risk at any one time.

Sir, I beg to move.