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RECEIVED INY
STRY
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From:
90
Date:
M 1 W
2.
C. M. Burns PARTTO
Mr Stone
Mr Fumess
Paul Fifoot
دوست
Pl. dismiss urgently.
Legal Advisers
6 August 1990
CC Mr McLaren
Rojandals
Mr Lamport, Emergency
Unit
1. I attach a first draft of a Hong Kong Order relating to Kuwait and Iraq. The Order is an amalgam of the Statutory Instruments made on 2 and 4 August by the Treasury under the Emergency Laws (Re-enactments and Repeals) Act 1964 together with various provisions taken from that Act to give the Order teeth. The UK directions do not require such provisions because the Act itself provides the teeth. The Act does not itself extend to the dependencies.
The Order takes into account some of the suggestions made in Hong Kong telno 2439. I have the following comments of detail:-
2.
3.
Section 2(1) (i). The Treasury wish to keep the Orders as close as possible to the UK directions and, therefore, prefer not to include "other precious metal".
Section 2(2). In the definition of "security" I have taken into account what Hong Kong say, except for a reference to commodities and futures and Bills of Exchange. I am doubtful if they are required. the Treasury prefer consistency with their own Act, I think they can live with (c) in the definition of "security".
I would be grateful for your comments urgently.
of
Paul Fifoot
Although
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