POINTS TO MAKE [DEFENSIVE]

FLAG C

1. Prime Minister agreed with Chinese leaders last

September to enter talks on the future of Hong Kong

with the common aim of maintaining Hong Kong's

stability and prosperity.

2. Meetings to follow up Prime Minister's visit have

begun and are continuing through diplomatic channels

in Peking. Believe that solution satisfactory to all

three parties concerned will be found. Content of

the talks confidential. No timetable set.

3.

Meanwhile important for all concerned that nothing

is said or done to damage confidence in Hong Kong.

4. The views of the people of Hong Kong will be taken

into account. The Governor is being consulted

throughout and will participate in the talks as and

when necessary.

5. [IF PRESSED ON SOVEREIGNTY]

British and Chinese

positions clear but, given our agreed common objective,

we believe satisfactory arrangements can be worked out.

1A.

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