TNAG-2473-FCO40-3600-Asian-Development-Bank-liabilities-of-Hong-Kong-1992 — Page 124

UNCLASSIFIED

037505

MOLIAN 9944

6

UNCLASSIFIED

FM ODA LONDON

TO PRIORITY ASIAN BANK MANILA

TELNO 813

OF 27131OZ JANUARY 1992

INFO HMT LONDON, FCO LONDON

HMT FOR MR M MANUEL

HKB 102/1

Mr Cox

Mc Furgess

enter. par ра 12811

FOR UK EXECUTIVE DIRECTOR FROM JENNIFER RADICE IFIC V708

ECUTIVE

ODA TELNO 1235′ OF 24 JANUARY TO HONG KONG REPEATED TO YOU VIA B E MANILA: LIABILITIES OF HONG KONG TO ASIAN DEVELOPMENT BANK AND FUND.

GRATEFUL IF YOU COULD OBTAIN A STATEMENT FROM MANAGEMENT OF HONG KONG'S CURRENT LIABILITIES TO ASDF ARISING OUT OF ASDV IV AND V POINT C OF TUR. PLEASE ALSO ASK THEM IF HONG KONG HAS ANY OTHER LIABILITIES TO THE BANK GROUP (APART FROM THE CONTINGENT LIABILITY OF CALLABLE CAPITAL).

2. IN ADDITION WE SHOULD WELCOME ADVICE FROM MANAGEMENT ON POINT D OF TUR IE HOW TO ENSURE THAT HONG KONG'S CONTRIBUTION TO ASDF VI IS FULLY DRAWN DOWN BEFORE 1997. WE PRESUME THAT THE ANSWER IS FOR HONG KONG TO PAY HER FOUR INSTALMENTS IN CASH INSTEAD OF PROMISSORY NOTES (PARAGRAPH 7 OF DRAFT RESOLUTION OF THE BOARD OF GOVERNORS REFERS) BUT WOULD LIKE CONFIRMATION THAT THERE IS NO PROBLEM ABOUT THIS.

MINISTRANT

YYYY

ΜΑΙΝ

1

NO DISTRIBUTION

NNNN

DISTRIBUTION

1

MR STONE HKD/FCO

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