TNAG-2245-FCO40-3228-Bank-of-Credit-and-Commerce-Hong-Kong-Limited-(BCCHK)-1991 — Page 120

A

Mr Cox

Sir J Coles

PS/Lord Caithness

CONFIDENTIAL AND PERSONAL

FROM: M Stone

This 102/3

Hong Kong Department

DATE: 23 August 1991

Cc:

х

PS

PUS

ME BURNS

Mr Broadbent

Economic Advisers

Miss Noble

FIM Division HNT

Bank of Credit ad Commerce

HONG KONG GOVERNMENT'S HANDLING OF THE B((HONG KONG) (BCCHIC)

AFFAIR AND THE ECONOMY

Problem

waked for

a

1. The Secretary of State has commented that he and the Prime Minister will need briefing on the Hong Kong Governement's handling of the BCC Hong Kong) affair and the economy generally. He has noted that press reports suggest that the Hong Kong Government may be in bad trouble locally

over these matters.

Recommendation

2. Briefing for the Prime Minister's visit has already

НК included material on the BCC (Hong Kong) affair and the economy. I recommend that the attached paper be sent separately for the Prime Minister and the Secretary of State's information. It has been prepared in consultation with Economic advisers. The Bank of England and the

ROFATE/1

CONFIDENTIAL AND PERSONAL

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