the community in Hong Kong. The stock market fell temporarily,
although Hong Kong's economic fundamentals remained strong.
17. At a press conference immediately after the Governor's visit to Peking, a senior Chinese official claimed that the
Governor's proposals violated agreements and understandings
reached in exchanges of correspondence in early 1990 between
the Foreign and Commonwealth Secretary and his Chinese
counterpart. To set the record straight, Her Majesty's
Government published the seven documents concerned. These
showed that the two sides had reached a common view that there
should be eighteen directly-elected seats in the Legislative
Council in 1991, but that there was no agreement on electoral
arrangements for 1995. These were left open for future
discussion.
13
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