CONFIDENTIAL

14

020650

MDHIAN 7938

CONFIDENTIAL

FM UKREP JLG HONG KONG

TO IMMEDIATE F C O

TELNO 113

OF 24081OZ MARCH 92

HKA 182/7

INFO IMMEDIATE PEKING, HONG KONG

13

TOP COPY Q DIST?

YOUR TELNO 538: FINANCIAL ASPECTS OF THE AIRPORT CORE PROGRAMME

·

1 I ADVISE STRONGLY AGAINST DELAYING PASSING THIS PAPER TO THE

CHINESE FOR TWO REASONS.

J

2.

FIRST, THE CHINESE SIDE HAVE MADE CLEAR THAT THEY CANNOT REACH A DEFINITIVE VIEW ON THE AIRPORT RAILWAY AND THE OTHER AIRPORT PROJECTS UNTIL THEY KNOW WHAT THE OVERALL COSTS OF THE AIRPORT IS GOING TO BE (SEE OUR TELNO 77). THE SOONER WE CAN PROVIDE THEM

WITH THIS INFORMATION THE BETTER.

3

SECONDLY, THERE IS A HIGH PROBABILITY THAT THE DETAILS OF THE PAPER WILL LEAK AFTER SUBMISSION TO EXCO. IT WILL BE DAMAGING IF

SUCH DETAILS WERE TO REACH THE CHINESE VIA THE PRESS RATHER THAN THROUGH OUR CHANNELS TO THEM.

GALSWORTHY

YYYY

DISTRIBUTION

34

ΜΑΙΝ

30

.HONG KONG AIRPORT RESTRICTED

HKD

PLANNERS//HD

RAD//MR WYE

LEGAL ADVISERS//MISS BROOKS

PUSD//HD

PS

PS/LORD CAITHNESS

ECONOMIC ADVISERS//HD

ERD//HD

FED//HD

NEWS D//HD

ADDITIONAL

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PAGE

PS/PUS

SIR J COLES

MR BONE

MR BURNS

1

CONFIDENTIAL

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