CONFIDENTIAL
007500
MDHOAN 1856
PROBLEM AND PROVIDE THE APPROPRIATE CONTEXT FOR THE APPLICATION OF THE SUBSTANTIVE CLAUSES SUBSEQUENT TO CLAUSE 4 OF THE BILL.
THERE REMAINS THE TWO POINTS SET OUT IN PARAGRAPHS 2. I AND II OF TUR.
5.
6.
THE CLIFFORD CHANCE MEMORANDUM DEALS WITH THE FIRST OF THESE AND THE GERMAN COUNSELS' OPINION RELATES TO THE SECOND. WE HAVE NOT AS YET, HOWEVER RECEIVED YOUR COMMENTS ON THOSE TWO ISSUES. I WOULD BE GRATEFUL TO RECEIVE THE GOVERNMENT OF HONG KONG'S VIEWS BY 15090OZ ON THE NECESSITY FOR, OR DESIR- ABILITY OF, THIS BILL AND CONFIRMATION THAT THE APPROPRIATE AUTHORITIES (EG BANKING COMMISSIONERS) ARE SATISFIED
WITH THE EVIDENCE THAT HAS BEEN PROVIDED BY THE PROMOTERS IN ORDER TO ESTABLISH THE PREAMBULAR PARAGRAPHS.
HOWE
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ΜΑΙΝ
2
DISTRIBUTION
2
NO DISTRIBUTION
HD/HONG KONG DEPT
MR FIFOOT, LEGAL ADVISERS
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