CONFIDENTIAL
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HKC 031
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MDHOAN 0110
CONFIDENTIAL
FM FCO
TO IMMEDIATE HONG KONG
TELNO 267
OF 19180OZ FEBRUARY 92
TOP COPY Q DIST?
CM
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG, UKDEL IMF/IBRD WASHINGTON
PERSONAL FOR GOVERNOR FROM RICKETTS, HKD
(12)
YOUR TELNO 449 (NOT TO ALL): 1997 WORLD BANK/IME ANNUAL MEETINGS
1. MANY THANKS FOR THE CONFIRMATION IN TUR THAT HMG WOULD NOT BE EXPECTED TO FUND ANY PART OF THESE MEETINGS, OTHER THAN ANY FUNCTIONS HMG WISHED TO HOST IN ITS OWN NAME.
2. IN ORDER THAT YOU COULD GIVE EXCO CAND IN DUE COURSE LEGCO) AS ACCURATE AN IDEA AS POSSIBLE OF COSTS, WE HAVE BEEN DOING SOME MORE RESEARCH ON HISTORICAL COSTINGS. WE ARE NOT CERTAIN THAT YOU WOULD NEED TO SPEND ANYTHING LIKE HKD200 MILLION. IN 1982 THE CANADIANS HELD A MEETING IN TORONTO AND SPENT USD4 MILLION. (THE COST IN WEST BERLIN IN 1988 OF ROUGHLY USD18 MILLION INCLUDED CUSTOM-BUILDING). TO A CERTAIN EXTENT THE COST TO YOU WOULD DEPEND ON HOW MUCH YOU WISHED TO SPEND.
3. IT MIGHT BE HELPFUL IF UKDEL IMF/IBRD COULD MAKE FURTHER ENQUIRIES OF FUND STAFF TO GET A BETTER IDEA OF THE BREAKDOWN OF COSTS OF PREVIOUS IMF ANNUAL MEETINGS. GRATEFUL IF UKDEL COULD TRY TO MAKE THIS AVAILABLE TO HONG KONG BEFORE THE EXECUTIVE COUNCIL IS DUE TO TO CONSIDER THIS ISSUE AGAIN ON 25 FEBRUARY.
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