TNAG-2464-FCO40-3588-UK-business-interests-in-Hong-Kong-Jardine-Matheson-Holdings-1992 — Page 38

Mr Burís

PS/PS

RESTRICTED

555@

Mur lighets or Blican

2. de Fumeter Bli

Thanks

FROM: P F Ricketts, HKD

DATE: 7 April 1992

you.

9/10

"WANE 040/1

cc: PS/Lord Caithness

Sir J Coles

Many thanks. In the cires, to hav

a

H.K. Sony to have

Good gossing with little on

Vos trouble, But I am

quem you

glad you stay close in found with fre PUS'S LUNCH WITH SIR CHARLES POWELL: 8 APRIL Powell. I think he will

1.

be helpful when he cam

As requested, I attach a note on issues of current

concern to Jardines.

274

DAVID G.LLMCLE

2. I think in fact that on Hong Kong, Sir Charles will

want to talk to the PUS about general issues rather than the

minutiae of Jardines' concerns. The latter are now less

fraught than they used to be. Jardines have all but secured their secondary listing on the Hong Kong Stock Exchange: the

question of the application to them of the Hong Kong

takeover code has been put off by mutual agreement until the

end of the year; and the problem over a banking licence for

Jardine Fleming is not one on which they have badgered us

recently.

3. I keep in pretty close touch with Sir Charles, and

expect that the following will be higher on his agenda:

the new Governor

-

the Airport Project. Jardines have an interest in the

Anglo-Japanese Consortium (AJC) bidding on the major

bridge contract (the Lantau Fixed Crossing) through their

construction subsidiary in Hong Kong, Gammon. The

latest date we have for the announcement of this contract

is 18 May. Like all participants in the Anglo-Japanese

KEWADI/1

RESTRICTED