TNAG-2475-FCO40-3605-Hong-Kong-exchange-fund-report-and-accounts-for-1991-1992 — Page 86

Classification

CONFIDENTIAL

OUT TELEGRAM

Caveat

Precedence IMMEDIATE

ZCZC

CZC

1

C

CONFIDENTIAL

2

CAVEAT

3

M

4

FM FCO

ΤΟ

5

TO IMMEDIATE HONG KONG

TELNO

6

TELNO

OF

OF 151200Z APRIL 1992

7

AND TO

8

9

YOUR TELNOS 718 AND 988: EXCHANGE FUND ORDINANCE: APPROVED

INVESTMENTS

10

11

12

13

14

15

1.

We understand the sensitivities at your end described in second tur. In the circumstances, approval is given under section 3(2) of the Exchange Fund Ordinance for the proposals summarised in paragraph 1 of first tur. We are grateful for your willingness to sound a cautionary note on timing of such investments when telling the Exchange Fund Advisory Committee of

our consent.

16

17

18

19

HURD

201

21

YYYY

22

MAIN

23

24

25

NNNN

26

27

28

29

HONG KONG CONFIDENTIAL FINANCIAL DIALOGUE

YYY

Catchword:

MAIN

File number

MVSAFF/TG

Dept

HKD

Drafted by (Block capitals)

M V STONE

Telephone no

270 2651

ADDITIONAL

LINNN

Date/time

Authorised for despatch by:

Initials

RA3 1611302

For COD

use only

Comcen reference

Telegram number

Processed by

STOCK NA 00072 7223