CONFIDENTIAL

4.

We have no standing in the drafting of the Basic Law and the

Chinese are very sensitive to any suggestion that we can dictate

policies for the SAR, which will be a part of the PRC after 1 July

1997. We hope however that we will be able to influence the

drafting process through informal contacts. The crucial aspect for

Us is that the Basic Law should accurately reflect the agreement.

CONFIDENTIAL

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