ASIAN DEVELOPMENT BANK: UK GUARANTEE OF HONG KONG'S
OBLIGATIONS
NOTES FOR SUPPLEMENTARIES AND WINDING UP
Note No A3
Are we merely a rubber-stamp for guaranteeing Hong Kong's obligations to the
Bank?
and
HMG must be consulted before Hong Kong takes on a new obligation to the Bank,
our approval is required before any proposal can be formally effected. That approval would not be given if we were not satisfied that, for example, any project proposal or new share purchase would be in Hong Kong's best interests. Any new obligation could only be taken on within the statutory limit for the UK
guarantee.