E GRAPHIC ADDRESS: JARDINES HONGKONG TELEX: 73255 JMGHO FACSIMILE: 845 9005 TELEPHONE: 843
G. P. O. Box 70
8388
BUX5/4/90 Pr
$9
Jardine Matheson Holdings Limited
Jardine House & 3 Lombard St
Hong Hong
BU 24/4/40
22nd March, 1990.
AT 261.3
Mr Gilmore
London EC3.
Sir David Wilson, KCMG Government House, Hong Kong.
Dear Dard
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Hike 102/d
Mr Carrick.
10 APR 1990
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This in long runnnig saga.
hot come
Su di wilson
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rought my help.
JARDINE FLEMING BANKING LICENCE
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267
At our recent meeting when we discussed the recurring discriminatory problems which in our view are being faced by British commercial interests in Hong Kong, you kindly suggested that I should let you know if there were specific instances. May I please now take you up on this?
Following the precedent set by the granting of Sun Hung Kai Securities a full banking licence in 1982 (sadly not a successful venture), Jardine Fleming started protracted negotiations which have gone on for eight years with the Hong Kong Government. We now believe we have the Administration and the Banking Commissioner's full support but our application has twice been deferred by EXCO on 28th February 1989 and 2nd May 1989.
You may be interested in this week's article in the Far Eastern Economic Review (copy attached) which states that Jardine Fleming is the leading Investment bank in South East Asia. It is a source of pride for Britain to have started the first Merchant Bank in the territory in 1970 and it should be a source of pride for Hong Kong that Jardine Fleming, which is headquartered and managed in Hong Kong, is considered the leading Investment bank in the Far East, beating American, Japanese and local competition.
Incorporated in Bermuda with limited liability
Mejtore
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26/3
32/4
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