EUROPEAN BREIF O(DELETED) FOR 30 MARCH 1984.

Created: 3/30/1984

OCR scan of the original document, errors are possible

OT:AR $4

ONG KONG: INVESTOR CONFIDENCE SHAKEN

//IHE ANNOUNCEMENT YESTERDAY BY JAR01NE MATHESON. HONG -JONG'S LEADING TRADING COMPANY. THAT IT PLANS TO MOVE ITS LEGAL DOMIC LE TO BeiMuSA HAS STUNNED THE COLONY ANO SENT ITS STOCK MARKET PLUNGING.//

SIMULTANEOUS DECISION BY HUTCHISON WHAMPOA, ANOTHER MAJOR TRADING COMPANY, TOARGE BONUS DIVIDEND TO SHAREHOLDERS RATHER THAN TO REINVEST PROFITS IN THE COMPANY. IS BEING VIEWED IN FINANCIAL CIRCLES ASACK OF CONFIOENCE IN HONG KONG'S FUTURE. THE ANNOUNCEMENTS DROVE THE HONG KONG STOCK MARKET OOWN PERCENT IN THE FIRST HOUR OF TRADING. WHICH IS THE BIGGEST DROP IN ONE DAY SINCE LAST SEPTEMBER.//

//GOVERNMENT AUTHORITIES HAVE LABELED JARDINE'S MOVEDECISION. COMMUNIST-CONTROLLED NEWSPAPERS INHAVE SUGGESTED THAT IT WAS MADE IN CONSULTATION WITH THECCNT1NUINQ Nt-GOT-*nONS OVER HONG KONG'S

}iLii iI LATERALLYO PUT ITSELF INTO POSITION TO MOVE FUNOS OUT OF HONG KONG QUICKLY IF NECESSARY. JARDINE WILL MAINTAIN ITS HEADQUARTERS OFFICE IN HONGLi.LV

m

^secret-

aR 84

ITS INTENTIONS REGAROING

'MrVFRTKEL.ESS JAHOINE'S ANNOUNCEMENT HAS SPLIT THEBUS NESSMEN -HO PREVIOUSLY HAO BEEN TRYINGAINTAIN(IF CONF S'nCE IN THE COLONY'S FUTURE.NOWBALL EFFECT AMONG OTHER FINMOST PROBABLY OECIOE UNTIL AFTER BEIJING

THE COLONY IN SEPTEMBER.//

-SECRET-

Original document.

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