TNAG-1950-FCO40-2778-Hong-Kong-Exchange-Fund-1989 — Page 78

CONFIDENTIAL

45225

MDLI 8894

Which

um zz

''OF''. AS MENTIONED IN OUR TELNO 804, WE DO NOT WISH TO INTRODUCE A BILL TO DEAL WITH THIS IN ISOLATION. THERE ARE OTHER MATTERS IN THE ORDINANCE THAT WILL NEED TO BE REVIEWED AND WILL ALMOST CERTAINLY REQUIRE AMENDMENT. THERE WILL BE AN OPPORTUNITY TO DEAL WITH SECTION 3(3). BUT WE DO NOT AS YET HAVE TIMETABLE.

WILSON

HAVE A DEFINITE

YYYY

ΜΑΙΝ

18

LIMITED

HKD

LEGAL ADVISERS

NNNN

DISTRIBUTION

18

MR MCLAREN

MR GILLMORE

PAGE

2

CONFIDENTIAL