CONFIDENTIAL

MDHIA

101035

$781

3. THE ADB BOARD OF GOVERNORS HAVE ALREADY DECIDED THAT THE 1990

AND 1991 ANNUAL MEETINGS WILL BE HELD IN NEW DELHI AND VANCOUVER RESPECTIVELY. WE HAVE ALSO BEEN ADVISED BY OUR (AUSTRALIAN) EXECUTIVE DIRECTOR IN THE ADB THAT IT INTENDS TO HOLD THE 1992 MEETING, AND PROBABLY THE 1993 MEETING, IN MANILA. THE EARLIEST OPPORTUNITY FOR US TO HOST A MEETING WOULD THEREFORE BE 1994.

4. OUR PLAN IS TO MAKE AN INITIAL APPROACH TO THE ADB INFORMALLY

SEEKING THEIR REACTION. THERE WILL BE AN OPPORTUNITY FOR THIS IN

APRIL WHEN OUR EXECUTIVE DIRECTOR COMES HERE FOR THE USUAL PRE- ANNUAL MEETING CONSULTATION. THE SECRETARY FOR MONETARY AFFAIRS, WHO WILL BE ATTENDING THE ANNUAL MEETING AS ALTERNATE GOVERNOR FOR HONG KONG, COULD THEN RAISE THE IDEA MORE DIRECTLY, BUT STILL INFORMALLY, DURING HIS CUSTOMARY MEETING WITH THE PRESIDENT AT THE ANNUAL MEETING IN MAY. AS THE ADB WOULD PROBABLY WISH TO SPEAK TO THE CHINESE EXECUTIVE DIRECTOR IN THE BANK ABOUT OUR PROPOSAL, WE THINK IT WOULD BE ADVISABLE TO INFORM THE CHINESE ONCE WE HAVE APPROACHED THE ADB. A LOW KEY MEANS OF DOING THIS WOULD BE FOR THE POLITICAL ADVISER TO SPEAK TO NCNA.

5. GRATEFUL FOR ANY VIEWS YOU MAY HAVE BEFORE WE PROCEED AS PROPOSAL ABOVE.

ENDS

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HKD

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DISTRIBUTION

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SEAD

MR MCLAREN MR BURNS

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