RESTRICTED
FM HONG KONG
TO PRIORITY FCO
TELNO 2352
OF 13095OZ JULY 89
26
YOUR TELNO 1492: EXCHANGE FUND
RESTRICTED
4KC 105/1
(27
120167
MDLIAN 6178
TOP COPY Q DIST ?
1. WE DO NOT KNOW WHAT PROMPTED THE ARTICLE. WE UNDERSTAND THAT THE AUTHOR WAS FORMERLY RESIDENT IN HONG KONG AS A REPORTER WITH THE FINANCIAL TIMES AND MAY HAVE ACQUIRED SOME OF HIS SO CALLED FACTS AT THAT TIME. THE ARTICLE HAS NOT/NOT SO FAR BEEN PICKED UP BY THE
LOCAL MASS MEDIA.
2. THERE ARE A LOT OF UNFOUNDED, INACCURATE AND MISLEADING STATEMENTS IN THE ARTICLE. BUT WE DO NOT THINK IT WORTHWHILE OR WISE TO TRY TO REFUTE THEM. TO DO SO WOULD MERELY FUEL FURTHER UNHELPFUL SPECULATION.
3. THERE HAS BEEN NO/NO DISCUSSION HERE ON THE USE OF THE EXCHANGE FUND AS A ''DOWRY'' FOR HONG KONG FAMILIES WISHING TO EMIGRATE. NOR WILL THERE BE. THERE IS ALSO NO ''SPLIT (AMONGST) THE COLONY'S ADMINISTRATORS'' ON THIS MATTER AS THE HEADLINE TO THE ARTICLE
ALLEGES.
WILSON
YYYY
ΜΑΙΝ
23
LIMITED
HKD
NNNN
DISTRIBUTION
23
PS
MR MCLAREN
PAGE 1 RESTRICTED
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