CONFIDENTIAL
041776
MDHIAN 029
(B) (IF THE CHINESE TEXT REMAINS UNCHANGED AND THE ENGLISH TEXT
STILL FAILS TO REFLECT FULLY OUR PREFERRED BROADER INTERPRETATION OF THE ARTICLE)
WE DO NOT FIND THE TEXT OF ARTICLE 106 ENTIRELY SATISFACTORY BECAUSE IT APPEARS TO FETTER THE SAR'S AUTONOMY IN FISCAL POLICY. WE HOPE THAT THE CHINESE WILL BE PREPARED TO LOOK AGAIN AT THIS ARTICLE AT SOME STAGE BEFORE 1997''.
3 I WOULD BE GRATEFUL IF YOU COULD RECONSIDER THIS APPROACH. IF YOU AGREE TO DEPLOY THE SPEAKING NOTE IN MY SECOND TUR, IT WOULD BE HELPFUL IF PEKING COULD TAKE UP ARTICLE 106 ALONG WITH ARTICLE 24(4) AND THE VALIDITY OF THE BL AS EARLY AS POSSIBLE.
WILSON
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DISTRIBUTION
60
ΜΑΙΝ
57
.HONG KONG AGREEMENT
. (RESTRICTED)
LIMITED
HKD
HD/FED
RESEARCH D (FE)
PUSD NEWS D
PS/MR MAUDE
PS/LORD BRABAZON
MR GILLMORE
MR MCLAREN
ADDITIONAL
3
MR WHOMERSLEY LEGAL ADVISERS
MS BARRETT LEGAL ADVISERS
MR FIFOOT LEGAL ADVISERS
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CONFIDENTIAL