CONFIDENTIAL
HKC 100/1
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063511
MDHIAN 1278
CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO 2069
OF 31090OZ MAY 88
INFO PRIORITY PEKING, HONG KONG GOVERNMENT OFFICE LONDON
REPORT OF THE SECURITIES REVIEW COMMITTEE
1. THE SRC SUBMITTED ITS REPORT TO ME ON 26 MAY. IT WILL BE PUBLISHED ON 2 JUNE AT 1500 LOCAL TIME WHEN THE CHAIRMAN AND ALL MEMBER OF HIS COMMITTEE WILL HOLD A PRESS CONFERENCE.
2. EXCO TOOK AN INITIAL LOOK AT THE REPORT TODAY AND APPROVED THE LINE TO BE TAKEN BY THE FINANCIAL SECRETARY WITH THE PRESS AT 1600 ON 2 JUNE (TEXT IN MIFT). THE HONG KONG STOCK EXCHANGE IS EXPECTED TO GIVE THEIR INITIAL REACTIONS TO THE REPORT THE SAME EVENING. THESE ARE EXPECTED TO BE BROADLY FAVOURABLE.
3. A COPY OF THE REPORT HAS BEEN GIVEN TO CHRISTOPHER HUM.
PA WILL HAND ONE TO NCNA ON THE MORNING OF 2 JUNE. COPIES WILL BE DISTRIBUTED OVERSEAS VIA OUR OFFICES IN LONDON, NEW YORK, SAN FRANCISCO AND BRUSSELS.
WILSON
YYYY
ΜΑΙΝ
50
.HONG KONG AGREEMENT
.(RESTRICTED)
LIMITED
HKD
HD/FED
RESEARCH (FE)
DISTRIBUTION
51
ADDITIONAL
1
MR FIFOOT, LEGAL ADVISERS
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CONFIDENTIAL
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