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With all Commonwealth Representatives

3.

Sino-British talks through diplomatic channels agreed

September 1982. Meetings held Peking. Common aim of

maintaining Hong Kong's stability and prosperity.

4.

Second, more detailed phase of talks began July.

Five

rounds since. Meeting 19/20 October useful and constructive.

Further meeting 14/15 November. Governor of Hong Kong

participating since July.

5. We aim to seek settlement acceptable to Britain, China and

people of Hong Kong. Their views taken fully into account.

In close consultation through Governor with Hong Kong's

Executive Council (EXCO). Their role central. Governor and

Unofficial members of EXCO visited London again 6-8 October.

Central issue: to devise package inspiring confidence.

6.

Given agreed common aim, confident this possible.

7.

Meanwhile important nothing said or done to damage confidence

in Hong Kong or atmosphere of talks. Grateful your understanding.

8.

Chinese propaganda floats Hong Kong as SAR of China, with

considerable autonomy and lifestyle basically unchanged.

9.

Most Hong Kong people sceptical of SAR idea. Evidence

suggests details rudimentary and basis for confidence not grasped

by Chinese. Investors need effective guarantees against

Chinese interference.

administration.

10.

This at present provided by British

We do not obtain revenue from Hong Kong nor have we

colonialist aspirations.

Hong Kong.

We want best possible deal for

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