TNAG-2028-FCO40-2890-Hong-Kong-freezing-of-Kuwaiti-and-Iraqi-assets-1990 — Page 121

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CONFIDENTIAL

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FROM: M V Stone

DATE:

14 August 1990

HENRY KESWICK: FREEZING OF KUWAITI ASSETS

Please see the attached draft subsmission on this

prepared by Mr Furness, with which I agree. I have a number

1.

of comments:

(a) in the draft Secretary of State letter I have Not put in the opening paragraph that Keswick claimed the Iraqi Government had been able to sell Kuwaiti assets. This

point is made in your submission of 6 August but not in our telno 1499. Clearly we must be careful about such "accusations" and since you spoke with Keswick I leave you to decide the appropriate wording.

(b) I recommend we clear the draft letter with Hong Kong and attach a draft telegram. I am still to be convinced

that the FS has no powers to control the sale and disposal of financial assets in Hong Kong: I think we

need to put the question bluntly.

(c) I recommend we get Mr Fifoot's advice on the letter

and submission.

(d) the last paragraph of the letter would be nice to include. We need to frame it in a neutral but pointed

This is what I have tried to achieve.

way.

мне и насле

M V Stone

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CONFIDENTIAL