TNAG-2027-FCO40-2889-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 14

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PROPERLY BE GIVEN TO ALL AND THERE WOULD CERTAINLY BE SOME WHO WOULD ABUSE IT. WE ARE ALSO MINDFUL OF THE FACT THAT A TEMPORARY PERMISSION GIVEN TO MAJOR SHAREHOLDERS OF LISTED COMPANIES AT THE TIME OF THE OCTOBER 87 CRASH TO BUY SHARES BEYOND THE POINT WHERE IT WOULD NORMALLY TRIGGER A TAKE-OVER BID CAME UNDER VERY HEAVY INTERNATIONAL FLAK AND WAS ALSO CRITICISED IN THE SECURITIES REVIEW COMMITTEE REPORT. AN UNRESTRICTED ABILITY FOR FAMILY CONTROLLED COMPANIES SUCH AS JM TO ENGAGE IN BUY-BACKS WOULD AMOUNT TO MUCH THE SAME THING. WE ARE SENDING YOU BY FAX AN EXTRACT FROM THIS WEEK'S FAR EAST ECONOMIC REVIEW WHICH YOU MAY

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MR MCLAREN

MR BURNS

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