(E) NOTHING MUST BE DONE TO ENDANGER THE STABILITY OF THE LOCAL ADMINISTRATION. THE CHIEF EXECUTIVE'S ROLE IS TO BALANCE BETWEEN THE EXERCIZE OF SOVEREIGNTY BY THE CENTRAL GOVERNMENT AND THE HIGH DEGREE OF AUTONOMY TO BE EXERCIZED LOCALLY. AS A SYMBIL OF THE SOVEREIGNTY OF THE CENTRAL GOVERNMENT, THE CHIEF EXECUTIVE SHOULD RE ACCEPTABLE BOTH TO THE CENTRAL GOVERNMENT AND THE PEOPLE OF HONG KONG, AND SHOULD NOT BE EASILY REMOVED BY A LOCAL VOTE OF NON-CONFIDENCE.
8. COPIES OF BOTH ARTICLES AND TRANSLATION FOLLOW BY BAG.
YOUDE
HONG KONG AGREEMENT: RESTRICTED
LIMITED
HD/HKD
HD/FED
COPIES TO:
MR FIFOOT, LEGAL ADVISERS MR WOOD LEGAL ADVISERS
RESEARCH D (FE)
D/HD PUSD
MR WILSON
4 CONFIDENTIAL
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