CONFIDENTIAL
FM FCO
TO PRIORITY HONG KONG
TELNO 171
OF 06170OZ FEB 92
CONFIDENTIAL
072147
MDLOAN 6525
HICC 031/9
Q DIST ?
TOP COPY
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PERSONAL FOR GOVERNOR FROM RICKETTS, HKD
GOVERNO
YOUR TELNO 253: 1997 IMF ANNUAL MEETING
1. THANK YOU FOR THIS HELPFUL CLARIFICATION OF YOUR CURRENT THINKING. THE CHINESE SEEM TO BE KEEN FOR HONG KONG TO HOST THIS MEETING AND IT WILL BE INTERESTING TO SEE HOW FAR THEY ARE PREPARED TO GO TO RECOGNISE HONG KONG'S UNIQUE POSITION.
2. AS YOU SAY, THE COSTS OF HOSTING THIS MEETING ARE LIKELY TO BE SUBSTANTIAL. YOU WILL WISH TO KNOW THAT THE TREASURY AND ODA HAVE BOTH PUT DOWN MARKERS THAT THERE WILL NOT BE ANY FUNDING FROM HMG. AM I RIGHT TO ASSUME THAT THERE ARE NO EXPECTATIONS AT YOUR END OF ANY HMG MONEY?
3.
ON A NOT UNRELATED POINT, PARAGRAPH 6 OF THE EXECUTIVE COUNCIL MEMORANDUM ON THIS SUBJECT GAVE THE IMPRESSION THAT THIS WAS A PURELY UK-DRIVEN INITIATIVE, WITH NO INVOLVEMENT OF THE HONG KONG ADMINISTRATION IN AGREEING TO IT OR TAKING IT FORWARD. I HAVE NOT RESEARCHED ALL THE BACK PAPERS, BUT I HOPE THIS WAS NOT THE CASE ESPECIALLY GIVEN THE FUNDING POINT IN THE PREVIOUS PARAGRAPH EXCLAM.
HURD
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