SECRET AND PERSONAL

and viability of their plan to make

Hong Kong a Special

Administrative Region of China and at forcing us to

make concessions in the talks. So far its main effect

has been to weaken confidence in Hong Kong and to cause

considerable pressure on the Hong Kong dollar. It is

clear that we are now approaching a critical stage.

4.

in

Veuv

-Richard Luce's visit last week to Hong Kong enabled

Svisit

him to have detailed discussions with Hong Kong's

m

Executive Council as well as with the Governor and our

Ambassador who was over from Peking. The Unofficial

members of the Executive Council, together with the

Governor and the Ambassador, are visiting London later

now this week to continue their discussions with Ministers

here. It is too early to say what line will emerge for

use by the Ambassador at the next round of talks but there

me are

is no doubt that we have to look very carefully indeed

at our position. before then.

1/

is EXCO's visit will be an

and I'm cos's office

important stage in this process.

5.

you would keep

I should be grateful if, as before you

these papers very close. The Chief of Defence Staff is

of course in Hong Kong now He will bring back his own

impressions of the situation.

A copy of this letter and

its enclosures goes to his Private Office.

SECRET AND PERSONAL

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