TNAG-1950-FCO40-2778-Hong-Kong-Exchange-Fund-1989 — Page 13

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PJYAKF (2)

CONFIDENTIAL

Reference...

be incorporated in any revision of the Ordinance. Such a revision, including several amendments at the same time, should overcome the problem Hong Kong foresaw of amending in isolation the word "on" to read "of".

6.

I should be grateful for your advice on how to proceed.

5 July 1989

Mr Holroyd,

F B Holroyd Hong Kong Department WH312

270 2653

1. Mr Edwards has asked me to look at these

papers.

the view in

in my

minute of 1 June

2. I remain of

that Mr Gannon's minute on the legal position

is not

very

convincing, and that from a legal point of view the present position is unsatis-

factory.

Whether

you

to take immediate action to amend the

wish to urge Hong Kong

Ordinance is

ultimately

a question of policy

CODE 18-77

CONFIDENTIAL