TNAG-2204-FCO40-3160-British-Nationality-(Hong-Kong)-Act-1990-UK-undertakings-1990 — Page 15

Dr 1

LI ST D

Companies meeting criteria D of FCO telegram 129 of 24 August 1990.

Arnhold & Company Ltd

Bruce Harwood Interiors

China Light & Power

Hong Kong Bankı

Jardine Matheson Group of Companies (See attached list)

D (iii) and D (iv)

A significant volume of the company' s activities in Hong Kong consist of the import of British goods; company also engaged in joint venture in Hong Kong with Pilkingtons.

D (1) and D (11)

Sole proprietorship, owned by British Citizen

- D (1), D (ii) and D (111)

33% of shares issued are owned by the Kadoorie family who are BCs. 10 out of 16 board directors are BC». Mananging Director plus top managers are also BCs. Expenditure on British Products (42% of total purchases) estimated at between £150-200 million per year. UK purchases in connection with Castle Peak Power stations A & B valued at £676 million.

D (i) and D (12)

aro

More than 25% of company's equity capital owned by DCs (over 22,000 shareholders BCs). Full listing in London and quoted there ainda incorporation in 1866. Operations of company managed by BCs. (And, just announced to come under the control of a UK rogistered holding company)

- In the view of the Advisory Committee, this

group of 56 companies qualify under D (i), D (ii) and D (iii). Approval was based on the following:

1) over 25% of the equity of Jardine Matheson Holdinge & CA

group

-

is owned by BCB;

the apex of this

2) Che upeialioms of the group are managed by over 300 BCs;

3) the group is involved in major joint venture operations such as Jardine Fleming (50/50 holding with Robert Fleming), Gammon Construction Ltd and Gammon Building Construction Titä (both 50/50 holdings with Trafalgar Houso) and Jardino Riche Monde (Jardines 25%, United Distillers/Guinness 37.5%, Moet Hennessey 37.5%). ALL the companioo

listod have

B

JardinoN

or Jardineg

plus British partner content of at least 50% with the exception of the Hong Kong Land companies who qualify under D (i) and D (ii). These companies are entirely British managed and Jardines have a 34% holding.

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