ZCZC
MILNAN 3821 OCMIAN 3821
RESTRICTED
PP PEKIN
FM FCOLN TO HOKON
191430Z MAR
GRS 472
RESTRICTED
FM FCO
TO PRIORITY HONG KONG
TELNO 521
OF 191430Z MARCH 86
INFO PRIORITY PEKING
HONG KONG AGREEMENT:
TOP COPY
RESTRICTED
23821
1
HKK 102/9
RECEIVE:
STRY
2 1 MAR 1986
RESTRICTED:
ASIAN DEVELOPMENT BANK
AB
1.
FOLLOWING IS REDRAFT OF THE LETTER TO THE PRESIDENT OF THE ADB. WE HAVE AMENDED THE DRAFT PREPARED LAST NOVEMBER (OUR TELNO 1852 AS AMENDED BY YOUR TELNO 2624) IN THE LIGHT OF THE PRC'S ACCESSION TO MEMBERSHIP OF THE BANK WITH EFFECT FROM
10 MARCH 1986. GRATEFUL FOR ANY COMMENTS.
BEGINS.
1.
A
UNDER ARTICLE 3 OF THE BANK'S ARTICLES OF AGREEMENT, MEMBER IS REQUIRED TO GUARANTEE ALL THE OBLIGATIONS WHICH MAY BE INCURRED BY ANY OTHER MEMBER FOR WHOSE INTERNATIONAL RELATIONS IT IS RESPONSIBLE, UNTIL THAT MEMBER ITSELF ASSUMES SUCH RESPONSIBILITY. AS YOU KNOW, THE UNITED KINGDOM ACCEPTED RESPONSIBILITY UNDER THAT ARTICLE FOR THE OBLIGATIONS OF HONG KONG WHEN THE TERRITORY BECAME A MEMBER OF THE BANK IN 1969.
2.
YOU WILL ALSO BE AWARE THAT THE JOINT DECLARATION OF THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF THE PEOPLE'S REPUBLIC OF CHINA ON THE QUESTION OF HONG KONG WAS SIGNED IN PEKING IN DECEMBER 1984 AND ENTERED INTO FORCE ON 27 MAY 1985. UNDER THAT AGREEMENT, THE
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RESTRICTED
1Q