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To: Seeker of Truth who wrote (57066)	12/9/2004 9:10:18 AM
From: TobagoJack	Respond to of 74559

Hello Malcolm, <<LINK REIT>> I am not applying for the IPO, since no one can get enough of a fill via the IPO. I will get my fill on the open market. There is no withholding in HK on dividends. We are not communist ;0) We need to think in terms of "positive carry", and I can borrow HKD at better than 2.5%. As regard to HKD sturdiness, I will be out of the REIT before anything bad can happen. This LTBH investment will last about 30-60 days in my account :0) As far as LT for HKD, whereas it is pegged to USD, its economy is linked also to the mainland, and its income is linked to the world. Chugs, Jay