CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE F CO
TELNO 1739
OF 31103OZ MAY 91
AND TO IMMEDIATE WASHINGTON
CONFIDENTIAL
Whis 0904 MD
- 5 JUN 1991
TOP COPY Q DIST M
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG
124
102422
MDHIAN 9118
PAY
WASHINGTON PLEASE PASS TO HKETO
YOUR TELNO 965 TO WASHINGTON: MFN STATUS FOR CHINA
SUBJECT TO WASHINGTON'S VIEWS, OUR OBJECTIVE MUST BE TO CONTINUE TO WORK TOWARDS UNCONDITIONAL RENEWAL OF MFN THIS YEAR AND TO AVOID GIVING ANY SIGNAL TO THE US ADMINISTRATION OR CONGRESS THAT CONDITIONALITY FOR 1992 WOULD NOT BE DAMAGING TO
HONG KONG.
2.
CONDITIONALITY WOULD CREATE UNCERTAINTY. IT WOULD ACT AS A SERIOUS DISCENTIVE TO BOTH LOCAL AND FOREIGN BUSINESSES AND INVESTORS (MY TELNO 1611) THIS UNCERTAINTY WOULD BE INCREASED IN THE (LIKELY) EVENT OF AN ADVERSE CHINESE REACTION.
WILSON
YYYY
MAIN
47
LIMITED
HKD
NAD
ERD
NEWS D
PS
NNNN
DISTRIBUTION
47
PS/LORD CAITHNESS
MR BAYNE
SIR J COLES
MR BURNS
PAGE 1 CONFIDENTIAL