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CONFIDENTIAL

DRAFT SPEECH BY LADY YOUNG TO THE HOUSE OF LORDS ON 10

DECEMBER 1984

HONG KONG AGREEMENT

1. My Lords, I beg to move the motion which stands in my

name on the Order Paper.

2. I do not need to remind the House of the historic

importance of the draft agreement on the future of Hong Kong.

We are providing for the future of the 5 million people of the territory, and one of the world's largest financial

centres into the middle of the 21st century. It sets out unique arrangements to deal with a unique problem bequeathed to us by history. It is right that we should today have an opportunity to debate it in full. I confess that I am a little daunted by the presence in the Chamber of so many

noble Lords who know the territory so well, including one

ex-Governor. But I think that it will ensure that we have a

very thorough and well-informed debate.

CONFIDENTIAL

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