TNAG-2027-FCO40-2889-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 1

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SELECT] [1] 1. Ed+Page 2. Ed 3. AutoTH 4. ManTH 5. Release ONFIDENTIAL

M FCO

O PRIORITY HONG KONG

F 04112OZ AUGUST 90

ELNO 472

HKB 020

RECEIVED A

126

14 AUG 1990

NFO ROUTINE WASHINGTON, GIBRALTAR, GRAND CAYMAN.

GRAND CAYMAN GRAND TURK NFO ROUTINE HAMILTON, MONTSERRAT,

TORTOLA

OUR TELNO 2437: FREEZING OF KUWAITI ASSETS IN HONG KONG

MANDATORY ECONOMIC SANCTIONS AGAINST IRAD AND/OR KUWAIT WOULD N ALL PROBABILITY BE IMPLEMENTED BY ORDER IN COUNCIL UNDER THE NITED NATIONS ACT 1945. SUCH ORDERS CAN EXTEND, AND HAVE IN THE AST, TO ALL DEPENDENT TERRITORIES. THE POWER IS HOWEVER CONTINGENT ON THE PASSING OF A MANDATORY SECURITY COUNCIL

ESOLUTION IMPOSING SANCTIONS, SO CAN NOT (NOT) BE USED AT RESENT TO EXTEND OUR CURRENT MEASURE.

1.

WE CANNOT (NOT) FORECAST AT PRESENT WHEN A SANCTIONS RESOLUTION AND IMPLEMENTING ORDER MIGHT BE IN PLACE. WE WILL

HEREFORE EXPLORE URGENTLY WITH THE TREASURY WHAT FURTHER OPTIONS MAY BE OPEN UNDER THE 1964 EMERGENCY LAWS ETC ACT. YOU

IGHT YOURSELVES BE CONSIDERING IN THE MEANWHILE THE POSSIBLE SCOPE OF 55. 2(1) AND 9(1) OF THAT ACT IN RELATION TO PERSONS OR ACTIVITIES IN HONG KONG.

HURD

YYYY

IJM STANDING] MAIN

IRAQ/KUWAIT

OVC:00 OCR:00 VDU:00 PTR:00 MAG:00

DEF:00

SYSMES 00 041217Z