TNAG-2196-FCO40-3144-Hong-Kong-nationality-package-1990 — Page 19

CONFIDENTIAL

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MDHOAN 9

IF THESE PEOPLE CAME FROM COMPANIES WHICH WERE INDISPUTABLY BRITISH AND THEREFORE HAD NO SCOPE TO EXERCISE DISCRETION IN FAVOUR OF THEIR OWN STAFF.

4. WHEREVER THE COMMITTEE IS LOCATED, HOWEVER, ONE POINT WHICH WILL NEED TO BE ADDRESSED IS HOW THE COST OF THIS OPERATION WILL BE DEFRAYED. WE UNDERSTAND THAT COMPANIES HOUSE ARE LIKELY TO CHARGE SEARCH FEES FOR ENQUIRIES MADE IN LONDON (THE STANDARD CHARGE FOR A MICROFICHE RECORD OF AN INDIVIDUAL COMPANY IS POUNDS STERLING 2.75). THERE MAY ALSO BE A NEED TO HIRE EXPERT LOCAL ADVICE (WE ASSUME, PERHAPS OPTIMISTICALLY, THAT OTHER PRIVATE SECTOR REPRESENTATIVES WOULD BE WILLING TO OFFER THEIR SERVICES FREE). WE TAKE IT THAT ALL THESE COSTS COULD BE RECOVERED FROM THE EVENTUAL REGISTRATION FEE (WHICH I UNDERSTAND IS CURRENTLY ESTIMATED AT HK DOLLARS 1800). CLEARLY THE COSTS OF THE ADVISORY COMMITTEE WILL NEED TO BE TAKEN INTO ACCOUNT BEFORE ANY FINAL DECISION IS TAKEN ON THE LEVEL OF THIS FEE. HURD

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LIMITED

HKD

ADDITIONAL

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MR FIFOOT, LEGAL ADVISERS

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DISTRIBUTION

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MR MCLAREN

MR BURNS

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