CONFIDENTIAL
FM HONG KONG
TO PRIORITY FCO
TELNO 1378
OF 12090OZ APRIL 88
S
CONFIDENTIAL
нис 105/1
TOP COPY @ DIST 7
13 APR 1988
066513
MDLIAN 9022
YOUR TELNO 880: EXHANGE FUND ORDINANCE
-
APPROVED INVESTMENTS
-
YOU ARE CORRECT. THIS WOULD BE AN INTEREST BEARING SHAREHOLDER LOAN, ALTHOUGH WE ARE PUZZLED BY YOUR QUESTION ON SECURITY. IT
WOULD SIMPLY BE AKIN TO A TEMPORARY INCREASE IN EQUITY STAKE ON
WHICH THE EXCHANGE FUND WOULD EARN INTEREST.
WILSON
YYYY
ΜΑΙΝ
21
MINIMAL
HKD
ADDITIONAL
MR FIFOOT, LEGAL ADVISERS
N N N N
DISTRIBUTION
22
ERD
FINANCE D
PAGE 1 CONFIDENTIAL
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