5.
framework of such policies as may be agreed
with H.M. G. and in conformity with treaty
obligations.
In the course of consultations between H.M.G.
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 principles will be observed:
(a) It is recognised that there is no
(b)
(c)
(a)
inherent necessity for the policies
followed by H.M. G. and the Hong Kong
always
ito
Government, to be identical and that
circumstances may on occasion require
divergent policies to be followed.
Full weight will be given to the
relative extent of the advantages or
damage likely to accrue to either
party by following any of the
alternative policies under
consideration.
Where it is proposed that any new
British international commercial policy
or modification of such policy should
be followed by Hong Kong, the Hong Kong
Government will so far as time
permits be consulted and its comments
invited at all significant stages
during the formulation and determination
of such policy.
Where no agreement can be reached at
official level and it is consequently
being proposed that a policy with
which the Hong Kong Government
should
disagrees be followed by Hong Kong,
the views and advice of that