PS
RE OF HONG KONG ADVANCE COPIES
9
Tyforts
MKK040/2
RECLIVED IN NEVNTA
1983
(63)
PS/PUS
PS/MR LUCE
MR DONALD
HD/HKD
HD/FED
•
RESTRICTED
DESKEY 171200Z
Mr. Herm
FM HONG KONG 1709302 OCT 83
TO IMMEDIATE FOO
ست
COPY TO:
AJB
сн
MR COLES, No. 10 DOWNING ST
Mr. Man's interesting.
Yes. As I remember, poverions
Mrs. Priest references have behind a locally
elected the chinese govenor as a patent
chuse armored by Peline. One additional pont. at XI
think
TELEGRAM NUMBER 1537 OF 17 OCTOBER 1983
#17/16
WFO IMMEDIATE PEKING AND ROUTINE HONG KONG GOVERNMENT OFFICE LONDON, HONG KONG GOVERNMENT REPRESENTATIVES WASHINGTON, NEW YORK, BRUSSELS AND GENEVA
FUTURE OF HONG KONG: PRESS COVERAGE
See (273
1. THE MAIN STORY IN ALL PAPERS OVER THE HOLIDAY WEEKEND WAS THE 306
FINANCIAL SECRETARY'S ANNOUNCEMENT OF NEW MEASURES TO STABILISE
THE EXCHANGE RATE OF THE HONG KONG DOLLAR. THE THMING OF THE ANNOUNCEMENT WAS LINKED BY MOST PAPERS WITH THE NEXT ROUND OF SINOVBRITISH TALKS ON 19/20 OCTOBER. THE MEASURES WERE WIDELY WELCOMED IN THE INDEPENDENT PRESS. THE COMMUNIST NEWSPAPERS TOOK
A MORE CAUTIOUS LINE, SAYING THEY WERE BETTER LATE THAN NOVER BUT
DID NOT GO FAR ENOUGH IN CURBING SPECULATION. WE WEN PO CALLED FOR
AN OVERALL REFORM OF THE MONETARY SYSTEM AND URGED THE GOVERNMENT
TO REVISE THE MECHANISM FOR THE ISSUE OF BANK NOTES. TA KUNG PAO
ARGUED THAT COMMERCE AND INDUSTRY WOULD FACE DIFFICULTIES AS A
RESULT OF THE ANTICIPATED RISE AN INTEREST RATES AND DOUBTED
WHETHER USE OF THE FOREIGN EXCHANGE FUND WAS SUFFICIENT TO CURB.
SPECULATION.
2. ALL PAPERS ON 15 OCTOBER CARRIED ACCOUNTS GIVEN BY AN ELECTED
URBAN CONCILLOR, DR. DENNY HUANG, OF A MEETING WITH THE HEAD OF THE HONG KONG AND MACAU AFFAIRS OFFICE, JI PENGFE, ON 27 SEPTEMBER, HUANG SAID THAT JE HAD TOLD HIM CHINA WOULD: QUOTE DEFINITELY
NOT ALLOW HONG KONG TO BECOME INDEPENDENT BUT WOULD RECOVER SOV-
EREIGNTY AND ADMINISTRATIVE JURISDICTION MN JULY 1997 UNDER THE
PRINCIPLE OF HONG KONG PEOPLE TO RULE HONG KONG UNQUOTE. THE
LATTER ENTAILED A QUOTE HIGH DEGREE UNQUOTE OF SELF RULE: