DSR 11 (Revised)

DRAFT:

FROM:

minute/letter/teleletter/despatch/note

THE LORD GLENARTHUR

DEPARTMENT:

SECURITY CLASSIFICATION

TO:

Top Secret

Lord Derwent

Secret

Confidential

Restricted

Unclassified

PRIVACY MARKING

..In Confidence

CAVEAT...

Enclosures-flag(s)...........

9 Queen Street

Mayfair

LONDON W1X 7PH

SUBJECT:

TEL. NO:

TYPE: Draft/Final 1+

Reference

TG1 BBQ

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Thank you for your thoughtful and stimulating letter of 19 January about the British commercial effort in Hong Kong. It was good of you to write setting out your ideas

in such detail.

I

no conflict between our objective of ensuring

that the Joint Declaration sticks and that of promoting

Britain's long term commercial interests in Hong Kong. Those interests must surely depend crucially on a smooth

transition in 1997 and on Hong Kong continuing to flourish, which is precisely what the Joint Declaration

is designed to achieve.

Nor would I agree that British Ministers

Senior British Trade Commissioner

or the

are inhibited in any

significant way from pursuing British commercial objectives in Hong Kong. Their remit is clear and

to help British companies secure the

unqualified:

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