TNAG-2027-FCO40-2889-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 24

CONFIDENTIAL

052736

MDHOAN 4062

PERCEPTION OF HONG KONG AS PARTICULARLY VULNERABLE TO GLOBAL RECESSION CAUSED BY HIGHER OIL PRICES.

4. GRATEFUL FOR ADVICE ON ANY OTHER POINTS WE COULD MAKE TO REBUT KESWICK'S COMPLAINTS, IF POSSIBLE DESKBY 130900Z. ALSO GRATEFUL TO KNOW FOR OUR OWN INFORMATION WHETHER YOUR LISTING REQUIREMENTS IN REGARD TO BUYING BACK SHARES ARE IN FACT ANY STRICTER THAN THOSE ELSEWHERE.

HURD

YYYY

ΜΑΙΝ

25

LIMITED

HKD

PS

NNNN

DISTRIBUTION

25

PS/LORD CAITHNESS

MR MCLAREN

MR BURNS

PAGE

2

CONFIDENTIAL