state than it was in before the new approach was tried in

1992.

It will be a tragedy, the greater for

for being

avoidable. In distributing blame, the future historian

will note Chinese intransigence and an apparent wish,

contrary to Chinese tradition and interest, to humiliate

their opponents. But he will also note, on the British

side, a fatal misreading of Chinese attitudes and

However unreasonable, the Chinese position

tolerance.

was well known before the 1992 venture began; and there

were plentiful warnings of the effect of disregarding it.

Given the balance of power between the two sides, these

were facts to be given great weight in British

calculations; they seem to have been underestimated or

discounted. The public nature of the first British

approach made dignified retreat hard for both sides. The

British objectives remained throughout unrealistically

high. And, in the light of the clear balance of profit and

loss for Hong Kong, if the unilateral approach is

followed, it will be hard to avoid the conclusion that in

the last resort British domestic and prestige

considerations counted more than the needs of the colony.

The final break could be seen as a dereliction of

duty.

Bismarck somewhere has a fine image illustrating

the limits on statesmanship. He speaks of

of the powers

travelling on the stream of time, which they can neither

create nor direct, but on which they can steer with more or

less skill and experience. The key phrase is 'which they

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