CONFIDENTIAL

Existing land rights will be recognised

after 1997, and the Hong Kong Government will

be able to grant new leases extending up to 2047.

The inhabitants of Hong Kong will continue to enjoy the

right of free entry to and exit from the Special Administrative Region.

12. There is all this detail and much more. I think that

noble Lords will agree that this adds up to an impressively

thorough document.

CONFIDENTIAL

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