TNAG-1695-FCO40-2351-Future-of-Hong-Kong-nationality-1987 — Page 87

(iii)

(iv)

British Telecom plc

(a)

3

China Shenda Telephone Company

(49%)

Huaying Nanhai Oil

Telecommunications Service

Company (49%)

Other interests in the West Indies

Middle East & USA

Shareholdings: UK Government 49.8%

Private Sector 50.2%

(b) Turnover L8387m in 1985/86

(c)

Ownership of subsidiaries :

(i) UK: Coventry Cable Limited

Swindon Cable Limited

Aberdeen Cable Services

Limited

74% share

-

100% share

40% share

Westminister Cable

Company Limited

40% share

(ii) Hong Kong HCV (40%) (other shareholders

:

include Hutchison Whampoa &

Hong Kong Electric Holdings

with less than 51%)

(iii) North America: Mitel Corporation

(majority holding)