TNAG-1950-FCO40-2778-Hong-Kong-Exchange-Fund-1989 — Page 96

CONFIDENTIAL

3

103170

MDLOAN 4453

CONFIDENTIAL

FM FCO

TO PRIORITY HONG KONG

TELNO 746

OF 301645Z MARCH 89

о

HKCIOS

TOP COPY Q DIST ?

2

YOUR TELNOS 804 AND 1000 EXCHANGE FUND ORDINANCE

1.

WE WILL REPLY AS SOON AS POSSIBLE. BUT THIS IS A COMPLEX SUBJECT AND WE HAVE HAD TO CONSULT EXPERTS HERE, AS WELL AS IN THE TREASURY AND THE BANK OF ENGLAND. WE HAVE HOWEVER IMPRESSED UPON THEM THE NEED FOR AN EARLY DECISION.

HOWE

YYYY

ΜΑΙΝ

23

LIMITED

HKD

LEGAL ADVISERS

NNNN

DISTRIBUTION

23

MR GILLMORE

MR MCLAREN

PAGE

1

CONFIDENTIAL