G.F. 316
A.
0.
A.
SECRET ** 高度機密
The Chinese were briefed both before and after the decision in October 1989. But in the light of their
concerns, particularly on financial aspects, Mr Maude,
then a Foreign Office Minister, proposed expert discussions in July 1990. This proposal was accepted and talke etarted in October 1000
Did the HKG go backwards in negotiations, as the
Chinese side said?
No.
We have both gone forward and reached the
agreement now published.
Q.
How big will the Land Fund be in 1997?
A.
0.
A.
1 7 01 (7)
CT JOHA
We have estimated that it could reach as much as HK$88
billion (at monev of the dav orices). The Chinese
Government think that this je norhane ton kich an
estimate. But it will certainly be very sizeable.
How much will Kai Tak redevelopment, the West Kowloon reclamation and the opening up of North Lantau bring
in?
We have estimated that up ta 2006 it could bring in un
to HKS62 billion (at monev of the day prices).
SECRET **
70:6
TA.
GNNY NOH
GUVERNMENT HUUSE
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