TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 43

RESTRICTED

RESTRICTED

FM FCO

TO DESKBY 11010OZ BTC HONG KONG

TELNO 53

OF 102104Z APRIL 90

INFO PRIORITY HONG KONG

Hire 121/2

RECEIVED IN R

176132

MDHOAN 6881

(41)

10 APR 1990

DESK OFFICE

3Y

INDEX

Iskon

34

36

OUR TELNO 38 AND YOUR TELNO 103: VALUE OF BRITISH INVESTMENT IN HONG KONG

1.

WE ARE PREPARING BULL POINTS ON THE VALUE OF BRITISH INVESTMENT IN HONG KONG FOR USE DURING THE SECOND READING DEBATE ON THE BRITISH NATIONALITY CHONG KONG) BILL ON 19 APRIL.

2. WE NOTE THAT THE FIGURE OF POUNDS STERLING 20 BILLION IS NOW BEING WIDELY QUOTED AS THE TOTAL GROSS STOCK MARKET VALUE OF BRITISH OWNED, CONTROLED (OR MANAGED ?) COMPANIES IN HONG KONG. BUT IT IS NOT CLEAR WHETHER THIS FIGURE HAS ACTUALLY BEEN CHECKED (PARA 4 OF FIRST TUR REFERS). GRATEFUL IF YOU COULD CONFIRM WHETHER THIS IS A RELIABLE FIGURE TO QUOTE DURING THE DEBATE AND WHETHER IT ALSO TAKES ACCOUNT OF BRITISH MANAGED FIRMS.

3

HURD

GRATEFUL FOR A REPLY IF POSSIBLE DESKBY 1109ODZ.

YYYY

ΜΑΙΝ

15

LIMITED

HKD

DISTRIBUTION

18

MR MCLAREN

ADDITIONAL

3

OT2, DTI, VIC ST

MR BROADBENT, ECONOMIC ADVS

HONG KONG GOVT OFFICE, LONDON

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