10
ZCZC
HMLNAN 0423
CONFIDENTIAL
DD 13100OZ FCOLN
DD 131000Z SHIPP
FM HOKON TO FCOLN
13064OZ JAN
GRS 650
CONFIDENTIAL
FM HONG KONG
Replica).
TO DESKRY 13100OZ FCO
TELNO 117
CF 13064OZ JANUARY 86
flow PA
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INFO DESKBY 131000Z DTP
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FCO FOP EHPMAN
DTP FOR O'SHEA
16 JAN1286
DESK OFFICER
"ECISTRY
7
YOUR TELNO 75 OF 10 JANUARY
INDEX
PA
Action Taken
HONG KONG REGISTER OF SHIPPING: PROPOSAL PAPER
MANY THANKS YOU HELPFUL COMMENTS. WE ARE SEEKING EXCO'S
ENDORSEMENT FOR THE PROPOSAL PAPEP (AS NOW AMENDED
P
w
PAPA 3 OF
MYTEL SHIP 2 -) TO BE AGREED CUOTE AS THE PASIS OF A FORMAL
SUBMISSION TO HMG UNQUOTE. INT THESE TERMS WE WILL ISSUE IT TO
MEMBERS AT THE LATEST ON FRIDAY 17 JANUARY FOR DISCUSSION ON 29
JANUARY. FRPESPECTIVE OF OUP VIEWS NOW, AND ANY INPUT WE MAY RECEIVE
FROM EXCO, IT IS ONLY PEALISTIC TO ACCEPT THAT AMENDMENTS MIGHT
BE NECESSARY IN THE LIGHT OF CHINESE COMMENTS.
2. AS TO DTP'S POINTS OF DIFFICULTY, WE HAVE THE FOLLOWING
COMMENTS. FIRST, THE PRINCIPAL PLACE OF PUSINESS CONCEPT IS
ATTRACTIVE ONLY TO THE EXTENT THAT IT REPRESENTS NO CHANGE AND
IS THUS PROPERLY DEFENSIBLE ON THAT BASIS. THE DISADVANTAGE
IS THAT WHATEVER ELSE MAY DE SAID IT WILL LIMIT THE COMMERCIAL
PASE OF THE CORPORATE OWNER TO HONG KONG AS AGAINST THE EXISTING
WIDER BASE OF ANYWHERE WITHIN BRITAIN OP ITS DEPENDENCIES. THIS
VERY LIMITED BASE WILL FACILITATE COMPARATIVELY SIMPLE SUPERVISION
OF THE CONCEPT. INDEED SUPERVISION WOULD BECOME ALL THE MORE
IMPORTANT BECAUSE WE PROPOSE NO MANNING LINK. THE EASE WITH WHICH
IT CAN NOW BE CIRCUMVENTED WOULD THUS BE LOST AND THE CORPORATE
OWNEP WISHING TO REGISTER HIS SHIPS IN HONG KONG WOULD HAVE TO MOVE
HIS PRINCIPAL PLACE OF BUSINESS TO HONG KONG. THIS HE MAY WELL BE
UNADLE OR PELUCTANT TO 30 FOR REASONS OTHER THAN TAX,
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