representatives
CONFIDENTIAL
4
to
attend meetings of the
Assembly
(Article 12 of the Convention), as members of the UK
delegation. This is because there has SO far been no
practical need to do so. However such a need could arise
in the future. If it did, Rule 4 of the Rules of
Procedure for the Assembly would accommodate any form of
representation which would be appropriate for the Hong
Kong Government before 1997 or the SAR
thereafter.
Government
6...
Article 5 of the Convention provides that each
Signatory shall have a financial interest in the
Organisation in proportion to its investment share, which
with Article V of the
is determined in accordance
Operating Agreement.
The latter provides that an
investment share in INMARSAT shall be determined on the
basis of utilization of the INMARSAT space segment.
7.
Accordingly, BT as a Signatory of the Operating
Agreement had an investment share of 15.14% of the total
INMARSAT investment as of February 1988. Of this share
1.35% of the total INMARSAT investment (US$4,630,000) is
attributable to the utilization of earth stations on ships
registered in Hong Kong. This part of the investment is
provided by the Cable and Wireless Group.
8.
Meetings of the Council are attended by
representatives of the
Signatories,
in accordance
with