CONFIDENTIAL
CONFIDENTIAL
Mine 09/12
FM FCO
RECE
TO PRIORITY HONG KONG
TELNO 1772
OF 301736Z DEC 92
DES INDEX
TOP COPY
-7 JAN 1992
STRY
(akon
INFO PRIORITY PEKING, WASHINGTON, UKREP JLG HONG KONG
017316
MDLOAN 4631
157
YOUR TELNO 2930: CHINA/MFN/HONG KONG
1.
THANK YOU FOR TUR.
2. WE DRAW THE CONCLUSION FROM THIS EXCHANGE THAT THE RIGHT APPROACH OVER THE NEXT FEW MONTHS WILL ESSENTIALLY BE A TWO-TRACK
ONE:
- IN PUBLIC, AND IN CONTACTS ON THE HILL, WE SHOULD CONTINUE TO ARGUE FOR UNCONDITIONAL MFN RENEWAL, FOR ALL THE FAMILIAR REASONS - IN PRIVATE, WE SHOULD DEVELOP OUR OWN THOUGHTS AND KEEP A DISCREET CONTACT WITH THE ADMINISTRATION ON WHAT SORT OF TOKEN CONDITIONS WOULD BEST PROTECT HONG KONG, IN THE CIRCUMSTANCES ENVISAGED IN PARA 5 OF TUR. WE IMAGINE THAT THERE WILL BE MANY IDEAS UNDER DISCUSSION ONCE CONGRESS STARTS TO FOCUS ON THE
ISSUE.
3.
AS YOU SAY, WE WILL NEED TO BE VERY CAREFUL TO MINIMISE THE RISK THAT THE SECOND TRACK COULD CUT ACROSS THE FIRST. WE IMAGINE THAT IF YOU PAY AN EARLY VISIT TO WASHINGTON, YOUR OWN EMPHASIS WILL BE EXCLUSIVELY ON THE FIRST TRACK.
HURD
YYYY
ΜΑΙΝ
.HK POLICY
HKD
PUSD
FED
64
LEGAL ADVISERS//MS BARRETT
./MS BROOKS AND MR GILES
DISTRIBUTION
65
NTCD
PLANNERS
RAD
PS
PS/MR GOODLAD
SIR J COLES
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CONFIDENTIAL