Possible, particularly if done in
the form of automatically renewable periodic leases and with no mention of 1997. Chinese might see it as a necessary way of preserving investor confidence.
(ii)
Problems for HMG.
DAMONU KAN NAMA SE S
Only a temporary palliative unless coupled with power of continuing administration.
(iii) Effect. If done now, a short-term beneficial
effect. But lacks long-term credibility unless coupled with arrangements for administration after
1997. Not sufficient to halt a slide of confidence.
Unilateral action by HMG to remove the limit in the
1898 Order in Council on powers of administration in the New Territories; tacit Chinese approval
Sage Mayan ki ka s TAPA Sanda ke
(i) Likelihood. Part of the rejected 1979 proposals. Chinese not likely to accept unless coupled with other concessions e.g. on sovereignty. Would therefore
lead to solution similar to D.
(ii)
Problems for HMG. As in D(ii) above.
(iii) Effect. If achieved with no signs of Chinese disapproval or counter-demands, a major boost to
confidence sufficient to halt a slide. Otherwise
SECRET