SECRET
060412
MDHOAN 9113
9. WE ARE ALSO CONTENT FOR YOU TO LISTEN TO ANY POINTS THE CHINESE MAY RAISE AND TO DISCUSS WHETHER THE TIME HAS COME TO BEGIN TECHNICAL DISCUSSIONS BETWEEN HKG AND THE BANK OF CHINA ABOUT THE COSTS AND OBLIGATIONS INVOLVED. YOU MAY WISH TO REPEAT THE LINE (PARTICULARLY POINT 'G' IN OUR TELNO 1988 OF 6 NOVEMBER 1991 TO ENSURE THAT THERE IS NO MISUNDERSTANDING ABOUT OUR POSITION (WE NOTED THE REFERENCE IN YOUR TELNO 61 TO LU PING'S WELCOMING OUR ''POSITIVE RESPONSE' IT IS POSITIVE
IN THE SENSE OF SYMPATHETIC BUT NOT AFFIRMATIVE, IE THERE IS NO COMMITMENT TO ALLOW NOTE ISSUE BEFORE 1997).
HURD
YYYY
MAIN
23
DISTRIBUTION
31
HK CONFIDENTIAL FINANCIAL
(DIALOGUE)
LIMITED
HD/HKD
HD/ERD
HD/FED
HD/PUSD
HD/ECONOMIC ADVISERS
PS
PS/LORD CAITHNESS
PS/PUS
SIR J COLES
MR BURNS
ADDITIONAL
MR WYE RAD
8
SIR P CRADOCK NO 10.
MR WIGHTMAN CABINET OFFICE
MR A CROCKETT BANK OF ENGLAND
MR C ELSTON BANK OF ENGLAND
MR O PAGE BANK OFENGLAND
MR P GRAY HMT
MR J P MCINTYRE HMT
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