CONFIDENTIAL
1.
WHY MUST WE STICK TO THE TERMS OF THE MEMORANDUM?
4.
On the one hand
I have no doubt
The Memorandum represents a commitment by HMG.
people in Hong Kong will expect us to stand by it.
that this was fundamental to their acceptance of the agreement as a
On the other hand the Chinese will certainly expect us to
If we do not keep our commitments we
whole.
remain within its terms.
cannot expect others to keep theirs.
CONFIDENTIAL