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GPS 150
SECRET HK KOHO
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WS-PY NO. 51 1 OCT 1980
SECRET
FM HONG KONG 300818Z SEP 80
फ
TO IMMEDIATE FCO
TELEGRAM NUMBER 1276 OF 30 SEPTEMBER
INFO IMMEDIATE PEKING
MIPT: HUANG HUA AND LEASES.
OFFICER
REGISTRY
PA
Action Tr
EVEN THOUGH ANY MEETING WITH HUANG WILL HAVE TO BE BRIEF, I THINK IT WOULD BE A MISTAKE NOT TO MENTION INVESTOR CONFIDENCE AND LEASES. WE DO NOT KNOW WHEN THE NEXT HIGH LEVEL OPPORTUNITY WILL ARISE. IF WE PASS THIS ONE THE CHINESE MAY CONCLUDE THAT WE HAVE LOST INTEREST, I SUGGEST THE SECRETARY OF STATE SHOULD SPEAK AS IN
FOLLOWING PARAGRAPH.
2. WOULD LIKE TO REGISTER ONE POINT ABOUT MONG KONG. NEED NOT DEAL NOW WITH MAJOR QUESTIONOF LONG TERM FUTURE. BUT TO MAINTAIN INVESTMENT IN THE NEW TERRITORIES WILL SHORTLY BE DIFFICULT BECAUSE OF SHORTENING PERIOD OF INDIVIDUAL LAND LEASES IN NEW TERRITORIES. NO IMMEDIATE CRISIS. BUT SHOULD BE THINKING OF WAYS OF DEALING WITH THIS BY ABOUT THE END OF 1981 PARTLY BECAUSE OF EFFECT OF 15 YEAR MORTGAGES BUT ALSO BECAUSE TIME IS GETTING SHORT FOR ALL FORMS OF INVESTMENT. WOULD LIKE TO REVERT TO SUBJECT IN A FEW MONTHS WHEN BOTH SIDES HAVE HAD CHANCE TO THINK.
MACLEHOSE
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116
Сыга
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15
PS/LPS
PSİYA BLAKER Ps/pas
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SIL & YOUDE Me DONALD
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