DSK TIC
SECRET
-2-
effect to the Governor's power to issue leases beyond 1997 in
the New Territories, as in Hong Kong.
would be 'for the avoidance of doubt'.
The Order in Council
It would not refer
to continuing British administration [although this would
be implied].
5. An alternative would be to issue
periodic leases
for one year which would be automatically rolled forward
annually and have no termination bar except if the land in
question is required for 'public purposes'. This has
political and legal attractions, but less good than
the first alternative from the investors point of view.
SECRET
84200(22454) DD.0532190 300M 7/79 GWB LTD GP 670