TNAG-2474-FCO40-3604-Business-matters-in-Hong-Kong-acquisition-of-Midland-Bank-by-1992 — Page 72

CONFIDENTIAL

CONFIDENTIAL

FM FCO

TO PRIORITY HONG KONG

TELNO 886

OF 2813OOZ MAY 92

WAY 101/2

INFO PRIORITY PEKING, UKREP JLG HONG KONG

PERSONAL FOR GOVERNOR FROM BURNS, AUS$

179)

YOUR TELNO 1411 AND PEKING TELNO

1. MANY THANKS.

(30

131

051634

MDLOAN 6832

TOP COPY

Q DIST?

32 HSBC/MIDLAND/LLOYDS

pa.o

2. IT WOULD BE HELPFUL IF SOMEONE COULD PULL TOGETHER FOR US A SUMMARY OF:

A) WHAT CHANGES ARE NOW AGREED TO (PROMISED BY OR DEMANDED OF) HSBC AS THE PRICE FOR BANK OF ENGLAND SUPPORT AND WHAT ACTION IS ENVISAGED WHEN:

ค

B) WHAT FURTHER ACTION WITH THE CHINESE BY HKG OR HMG OR HSBC OUGHT TO BE ENVISAGED:

C) HOW YOU INTEND TO PLAY YOUR FURTHER DISCUSSION OF THIS ISSUE IN THE CONFIDENTIAL FINANCIAL DIALOGUE.

HURD

YYYY

DISTRIBUTION

38

MAIN

38

HKD

FED

PS/MR PATTEN

PS/PUS

ECONOMIC ADVISERS

SIR J COLES

ERD

MR CROWE

PS

MR BURNS

PS/MR GOODLAD

MR BONE

NNNN

PAGE 1 CONFIDENTIAL