TNAG-2245-FCO40-3228-Bank-of-Credit-and-Commerce-Hong-Kong-Limited-(BCCHK)-1991 — Page 26

INQUIRY INTO THE SUPERVISION OF

THE BANK OF CREDIT AND COMMERCE INTERNATIONAL

ONOURA

THE RIGHT HONOURABLE LORD JUSTICE BINGHAM

Secretary

R. A. D. Jackson

Sir David Wilson KCMG

Governor and Commander in Chief

Central

HONG KONG

Jen Governor.

1

Queen Anne's Chambers 28 Broadway

London

SWIH 9JS

Telephone No. 071-210 3394 Facsimile No. 071-210 3103

10 October 1991

I am taking advantage of the good offices of the Foreign & Commonwealth Office, here in London, to write to you and I am grateful for their assistance.

I was appointed by the Chancellor of the Exchequer and the Governor of the Bank of England on 19 July. For your information, I enclose a copy of an open letter which includes my terms of reference together with a copy of the Inquiry's statement of procedure. The Inquiry is non-statutory and, although set up by the Treasury and the Bank of England, is wholly independent. will note that proceedings will be in private and I draw your attention to paragraph 7 of the statement.

You

The purpose of this letter is to establish a line of communication between the Inquiry and your office. As we are most anxious to obtain all relevant evidence on the matters falling within the Inquiry's terms of reference, I would naturally be very appreciative of any assistance you and your colleagues might feel able to give. I can assure you that, as indicated in the statement of procedure to which I have referred, confidences will be respected wherever possible.

If you and your colleagues reach the conclusion that your office is able to assist me in my enquiries, I should be most grateful if contact could be made with the Secretary to the Inquiry, Mr Jackson, at the above address. When replying it would be helpful if you would indicate the areas of enquiry in connection with which your office feels able to assist. Perhaps you could also let me have your views on how you would prefer to provide any information to the Inquiry. All this will assist us greatly in responding with a more focused request for information.

For your information, I have written to Mr J R Aspden of the Hong Kong Banking Commission, as one of the members of the BCCI

PRIVATE AND CONFIDENTIAL