TNAG-2245-FCO40-3228-Bank-of-Credit-and-Commerce-Hong-Kong-Limited-(BCCHK)-1991 — Page 167

202C

GIS 12-

SATURDAY, AUGUST 10, 1991

NENDICK MEETS BCCHK DEPOSITORS' REPRESENTATIVES

* * * *

MR DAVID NENDICK, TODAY THE SECRETARY FOR MONETARY AFFAIRS,

THE (SATURDAY) HAD A MEETING WITH A SMALL GROUP OF REPRESENTATIVES OF

HONG KONG LIMITED OF CREDIT AND COMMERCE DEPOSITORS OF THE BANK

(BCCHK),

WHAT APPEARED

IN REFERRING TO HIS REMARKS YESTERDAY REGARDING

RUMOUR MONGERING AIMED AT TO BE AN ORCHESTRATED CAMPAIGN OF

HAD MADE DESTABLISING CERTAIN BANKS IN HONG KONG, MR NENDICK SAID HE IT CLEAR THAT, AS YET, THERE WAS NO HARD EVIDENCE TO INDICATE WHO HAD STARTED THESE RUMOURS.

SPECULATING OF BCCHK,

OF BEHAVIOUR

SUCH

1N THAT REPRESENTATIVES HE EXPLAINED TO THE WHETHER THIS MIGHT HAVE INVOLVED SOME MISGUIDED DEPOSITORS

CRITICISE THE GENERAL HE HAD NOT INTENDED TO DEPOSITORS.

ELEMENTS

"IF THERE WERE DISRUPTIVE CONFINED TO A VERY SMALL MINORITY OF INDIVIDUALS,

AT

WORK,

11

THIS HE SAID.

WOULD

BE

И

"THE VAST MAJORITY OF BCCHK DEPOSITORS HAD IN MY VIEW AND WILL, I AM SURE, CONTINUE TO BEHAVE, IN A RESPONSIBLE, AND DIGNIFIED MANNER.'

14

BEHAVED, RESTRAINED

MR NENDICK EXPRESSED HIS SYMPATHY FOR THE

THEIR CONSTRUCTIVE BCCHK DEPOSITORS AND APPLAUDED EFFORTS TO FIND A MEANS OF RESURRECTING THE BANK.

PROBLEMS

ATTITUDE

FACED BY TOWARDS

HE EXPLAINED TO THE DELEGATION THE EFFORTS WHICH WERE TO FIND A SOLUTION WHICH WOULD BE IN THEIR BEST INTEREST.

UNDERWAY

END/WONG

TIME : 13:52:02

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