TNAG-2027-FCO40-2889-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 88

RESTRICTED

RESTRICTED

HK B

020 126

RECE

14 Mo 1990

if

TOP COPY @ DIST?

FM FCO

TELNO 1476

TO DESKBY 070130Z HONG KONG

OF 06172OZ AUGUST 90

16

034350 MDHOAN 3710

FCO TELNO 1473: FREEZING OF KUWAITI AND IRAQI ASSETS

1.

A PREROGATIVE ORDER IN COUNCIL, KNOWN AS THE HONG KONG (CONTROL OF GOLD, SECURITIES, PAYMENTS AND CREDITS: KUWAIT AND REPUBLIC OF IRAQ) ORDER 1990, WILL BE LAID BEFORE THE QUEEN AT A MEETING OF THE PRIVY COUNCIL THIS EVENING. IT WILL

COME INTO FORCE AS SOON AS IT HAS BEEN APPROVED BY THE COUNCIL.

2.

THE DRAFT ORDER-IN-COUNCIL

WILL MAKE PROVISION IN HONG KONG LAW FOR THE

FREEZING OF KUWAITI AND IRAQI ASSETS COMPARABLE TO THE PROVISION MADE FOR THE UK BY DIRECTIONS OF THE TREASURY UNDER THE EMERGENCY LAWS (RE-ENACTMENT AND REPEALS) ACT 1964 ON 2 AND 4 AUGUST 1990. A COPY OF THE DRAFT ORDER IS BEING FAXED TO YOU.

3. A SEPARATE ORDER IN COUNCIL WILL MAKE SIMILAR PROVISION FOR THE CARIBBEAN DEPENDENT TERRITORIES.

GIBRALTAR HAS PASSED ITS OWN LEGISLATION.

HURD

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ΜΑΙΝ

54

LIMITED

HKD

MED

WIAD

DISTRIBUTION

55

SED

LEGAL ADVISERS EMERGENCY UNIT

MR MCLAREN

MR BURNS

ERD

ADDITIONAL I