TNAG-2123-FCO40-3029-Internal-financial-situation-in-Hong-Kong-localisation-of-la-1990 — Page 5

Ms Foakes, jeen

Legal Advisers

HONG KONG

Reference....HKC 100/4

RECE

(D.a.) 2 7 Wúv 1990

LOCALISATION OF LAWS

RELATING TO IMF IBRD, IF AND IDA

1. This is

a subject on which Messrs Whamersley and Waterworth have advised in the past.

·

Q

2. I attach a

て

CODE 18-73

1328 and

copy of Hong Kong telne Mr whomersiey's minute of

26 April on which our reply was based. Paragraph 1(0) of the minure

that

we

suggests

should consult UK Del IMF

on

the establishment of the Council referred

to in Schedule D of the Second Amendment of the IMF Articles of Agreement.

3. I attach

a copy of the IMF's reply (dated 20 September). I should be

grateful for your advice on paragraph

3. if

if you agree with the IMF

Legal Department's suggestion I

pass it

m

to Hay King.

will

Chris Sainty HKD

WH 305

13 No.