RESTRICTED MANAGEMENT IN CONFIDENCE
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MDLOAN 3162
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RESTRICTED
MANAGEMENT IN CONFIDENCE
FM FCO
TO ROUTINE BTC HONG KONG
TELNO 162
OF 071942Z AUG 92
TUP CUPY 1/100
Q DIST?
HKD 406/1
FUTURE CONSULATE-GENERAL: PROPOSED PRIVATE TREATY GRANT
1. WE ARE BROADLY CONTENT WITH THE REVISED PTG RECEIVED UNDER COVER OF WILLIAMS' (DISTRICT LANDS OFFICE) LETTER OF 20 JULY TO JARVIS. WELL DONECEXCLAM). WE HAVE THE FOLLOWING COMMENTS:
2 =
DESPITE THE ALLEGED INVIOLABILITY OF THE GENERAL CONDITIONS, HKG HAVE IN FACT EXTENDED CONDITION 8. OUR ABILITY TO ALTER THE NEW BUILDING DURING THE TERM OF THE GRANT IS THEREBY DENIED ALTHOUGH AS FAR AS WE CAN SEE WE COULD DEMOLISH IT AND START AGAIN. CONDITION 16 WAS NOT RELEVANT TO OUR GRANT AND IS REMOVED. WE THINK WE CAN LIVE WITH ALL THIS.
3.
AS TO THE SPECIAL CONDITIONS:
CONDITION 6
CONDITION 7 AND 11
CONDITION 14
THIS CONDITION HAS BEEN EXTENDED AND THE PRECISE WORDING OF THE TOWN PLANNING ORDINANCE SHOULD BE
CHECKED TO ENSURE OUR USE IS
COVERED. WE WERE TOLD IN JANUARY THAT THE NECESSARY AMENDMENT WAS
BEING MADE.
AMENDMENT AS AGREED BUT WE THINK THE WORDS IN PARENTHESIS ARE BOTH NEW AND HELPFUL.
THE FACTOR PROPOSED FOR THE
CALCULATION OF ANY COMPENSATION
ARISING OUT OF THE EXERCISE OF THE POWER TO DETERMINE THE GRANT ASSUMES WE ALREADY HAVE POSSESSION. SINCE WE KNOW THAT WE ARE UNLIKELY TO DO SO UNTIL WELL
INTO 1993 WE SUGGEST THAT ONE
FIFTY-FOURTH FOR EVERY UNEXPIRED