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CONFIDENTIAL
My Lichistan Arfases Sinteful for views.
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صفى
#17 NOV 1989
HKCISI
FROM: A R Paul
Hong Kong Department
DATE: 17 November 1989
cc: PS/Mr Waldegrave
PS/PUS
Mr Bayne
Mr Gillmore
Mr Carrick
Mr Beetham, MAED
Mr Burns, News Department
Mr Edwards, Legal Advisers
Mr McKa
ME Mevaren, lame with them. M. 19.
PS/Mr Maude
Private Secretary?
Sgf I should see
HONG KONG AND THE IVORY TRADE
nfime
20/11
Problem
(318)
1.
Following the agreement reached at the CITES conference in October that all international trade in raw and worked ivory should
be banned, Hong Kong ivory traders face substantial financial
losses.
The Governor has formally asked us:
(a) either to try to establish an international buy-out fund to compensate Hong Kong's traders for their losses; or failing
that,
(b) to enter a reservation allowing Hong Kong to delay implementation of the ban for 6 months to enable the traders to
dispose of their existing stocks.
Recommendation
2.
The idea of an international buy-out fund is a non-starter, for
PJMARV
CONFIDENTIAL