1387 16:46 TIBCOOL) HK GOVT
franslation
$46/1/87
(Press Cutting from Economic Journal dated 11.5.1987)
Compensating third party for loses incurred from accidente at the Daya Bay Nuclear Power Plant involves both China and Hong Kong ea vell as legal and currency problems which have yet to be settled
Though China officially signed the Vienna Convention, which aims to indemnify third party for losses incurred from nuclear accidente, Last September, it does not mean that the problem of compensation to the people of Hong Kong in case of an accident at the Daya Bay plant has been totally resolved. The picture will be more complicated in the run up to 1997. In which currency will compeneation be paid? Is the Vienna Convention also applicable to Hong Kong? By what legal means can compensation claime be filed? The list goes on.
In an interview with our reportera, a government official involved admitted that the Hongkong Government is aware of these problems, But as the Chinese side has not yet indicated any clear answer, they will only be clarified at a later stage.
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Compensation claims will not be given effect under the Paris Convention
According to people from the insurance circles, the Paris Convention which has entered into force since the beginning of the 20th century is the first of its kind to indemnify third party for losses incurred from nuclear accidente. This convention is signed mainly by countries in Europe, and it provides for matters like the amount of compensation, legal procedures, the paying party and the time licis for filing compensation claime etc, The Price Anderson Convention of the U.S.. the Atomic Energy Convention of the U.K. and the Vienna Convention effected in 1959 are similar to the Paris Convention in nature and content. But only the contracting parties are bound by the conventions that they have entered into.
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