CONFIDENTIAL
FM HONG KONG
TO PRIORITY FCO
TELNO 1053
CONFIDENTIAL
HKD 340/1
OF 14085OZ APRIL 92
L
25
22
30
101301
MDLIAN 8733
203
TOP COPY Q
ENTER pl.
23
OUR TELNO 895 AND YOUR TELNOS 549 AND 550: ARRANGEMENTS FOR REGISTERING HKBDTC'S AS BN (0)'S.
WE AIM TO WORK OUT CUT-OFF DATES AND FINALISE PUBLICITY ARRANGEMENTS BY THE END OF APRIL. WE WILL INFORM YOU OF DETAILS AS SOON AS POSSIBLE.
2. MEANWHILE, WE WISH TO CLEAR UP A LEGAL POINT. BEFORE RECEIVING THE ADVICE IN TELNO 550, WE WERE CONCERNED THAT CUT-OFF DATES MIGHT BE IN CONFLICT WITH JD 226 WHICH PROVIDES THAT ALL PERSONS WHO ON 30 JUNE 1997 ARE BDTC'S WILL BE ELIGIBLE TO RETAIN BN (O) STATUS. THIS ENTITLEMENT WAS DISCUSSED IN PARAGRAPH 5 OF TELNO 550 AND PARAGRAPH 3 OF TELNO 549. OUR READING OF THIS ADVICE IS THAT THERE SHOULD BE NO BREACH OF JD 226 IF WE PROVIDE AN ESCAPE CLAUSE'. GRATEFUL IF YOU WOULD CONFIRM THIS.
WILSON
YYYY
MAIN
56
DISTRIBUTION
56
.HONG KONG AGREEMENT
.(RESTRICTED)
HKD
PUSD
FED//HD
LEGAL ADVISERS//MS BARRETT
.AND MS BROOKS
NEWS D PLANNERS
RAD
PS/LORD CAITHNESS
PS/MR LENNOX-BOYD
SIR J COLES
MR BURNS
NNNN
PAGE 1 CONFIDENTIAL
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