CONFIDENTIAL
Y
UK companies led by Davy McKee and supported by Sir
K Pao has since been established to pursue the
project. Since the project was first proposed, the
Chinese authorities have expressed the hope that HMG
would provide financial support and we expect it to
feature on the list of projects we have asked the
Chinese to prepare for the ATP Soft Loan talks due
to start in Peking in October.
FUTURE OF HONG KONG
JOINT LIAISON GROUP
4.
In accordance with Annex II to the
Sino-British agreement, a Joint Liaison Group has
been established. It will meet at least once a year
in Peking, London and Hong Kong until the year 2000.
From 1 July 1988 it will be based primarily in Hong
Kong. The Group met for the first time in London in
July
The JLG will meet again
again in Peking from
26 to 29 November.
BASIC LAW
5.
Law
Under the Joint Declaration the Chinese have
agreed that the policies set out in paragraph 3 and
elaborated in Annex I will be
I will be stipulated in a Basic
of
the Special Administrative Region and will
remain unchanged for 50 years.
The Chinese have
begun work on this law and plan to complete it by
1990. They have appointed a Basic Law Drafting
Committee consisting of
of 59 members (23 of whom are Hong Kong representatives) and including Sir Y K Pao one of its Vice Chairmen, and a larger Basic Law Consultative Committee is being established in Hong Kong. We believe that the real drafting work will be done by the Chinese Hong Kong and Macau Office,
but it is encouraging that the Chinese are prepared
as
THIS IS A COPY THE ORIGINAL HAS BEEN CLOSED FOR
40YEARS UNDER FOI EXEMPTION NO........ 27-6-6).a
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