TNAG-1489-FCO40-2046-Hong-Kong-and-the-Asian-Development-Bank-1986 — Page 69

IN CONFIDENCE

5. The Hong Kong Government expects to complete the necessary internal procedures relating to the acquisition of these new shares in the near future, within the revised subscription date of 31 May 1986.

Yours sincerely

V.

J L F BUIST

Bust

United Kingdom Alternate Governor

cc n.o.o. w/enc.

T W M Smith Esq, FCO (HKD) WH 304, London SW1 PE Denison Esq, H M Treasury, Parliament Street, SW1 Dr H M Schmid, UK Director, Asian Development Bank,

C/o British Embassy, Manila

Mr K J Horton-Stephens, AsDB

D Nendick Esq, Secretary for Monetary Affairs, Hong Kong PAB Thomson Esq, British Embassy, Peking

IN CONFIDENCE