3.
4.
5.
Where HMG have not indicated that considerations
of British international commercial policy are
involved, the Hong Kong Government is responsible
for determining the course of, and for the conduct
of, Hong Kong's external commercial relations,
with such assistance as it may be agreed can be
furnished by HMG or HMG's overseas representatives.
Where HMG have indicated that considerations of
British international commercial policy are
involved, the Hong Kong Government may neverthe-
less continue, as appropriate, and in full consul-
tation and association with HMG, to exercise a
similar responsibility, acting within the frame-
work of such policies as may be agreed with HMG
and in comformity with treaty obligations.
In the course of consultations between HMG and the
Hong Kong Government on the policies to be
followed in any situation where a conflict of
interest is likely to arise, the following prin-
ciples will be observed:
(a) It is recognised that there is no inherent
necessity for the policies followed by HMG
and the Hong Kong Government always to be
identical and that circumstances may on
occasions require divergent policies to be
followed.
(b)
Full weight will be givesn to the possible
consequences for frelative extent of the
advantages or damage likely to aeerue te?
either party of following any of the
alternative policies under consideration.
(11516) Dd.392077 300m 10/68 G.W.B.Ltd. Gp.863
/ (c) ...
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