TNAG-2129-FCO40-3044-Hong-Kong-and-the-ivory-trade-1990 — Page 36

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4

MDLIAN

5. WE HAVE NOT YET ADDRESSED THE QUESTION OF WHAT WE WILL DO WITH IMPOUNDED STOCKS. OUR INITIAL THOUGHT IS TO DEFER A DECISION ON THIS UNTIL AT LEAST THE NEXT CITES CONFERENCE IN EARLY 1992.

WILSON

YYYY

ΜΑΙΝ

21

LIMITED HKD

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DISTRIBUTION

21

MAED

MR MCLAREN

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CONFIDENTIAL