CONFIDENTIAL
pr. Liberal
party
053145 MDHIAN 8598
14
CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO 1136
OF 130803Z JULY 93
HKB 011/11
RECEIVED IN FEGISTRY
19 JUL 1993
DESK OFFICER
REGISTRY Actor Toot
INFO IMMEDIATE PEKING, UKRI JEG HONG KONG
1
OUR TELNO 1128: WESTERN HARBOUR CROSSING (WHC)
THE LIBERAL PARTY HAS NOW AGREED TO SUPPORT THE ENACTMENT OF THE WESTERN HARBOUR CROSSING BILL, WITHOUT MAJOR AMENDMENT. IN RETURN FOR THEIR SUPPORT, THEY HAVE REQUESTED THAT IF THE SHAREHOLDERS' TARGET RETURN ON INVESTMENT IS EXCEEDED IN THE FIRST 3 YEARS OF THE FRANCHISE, THEN THE SURPLUS SHOULD BE PLACED IN THE TOLL STABILITY FUND TO BE ESTABLISHED UNDER THE LEGISLATION. THIS FUND IS TO BE USED TO DEFER FUTURE TOLL INCREASES.
2. THE LIBERAL PARTY'S PROPOSAL HAS BEEN AGREED BY THE TUNNEL CONSORTIUM (INCLUDING CITIC), AND IS ACCEPTABLE TO THE CHINESE.
3. IT NOW APPEARS THAT GOVERNMENT WILL HAVE THE MAJORITY IT NEEDS TO SECURE PASSAGE OF THE BILL AT THE LEGCO MEETING ON 21 JULY, ALTHOUGH THE MARGIN COULD BE SLIM AND WE WILL NEED TO CONTINUE OUR LOBBYING EFFORTS.
PATTEN
YYYY
MAIN
.HK POLICY
65
DISTRIBUTION
72
NTCD
HKD
PUSD
FED
LEGAL ADVISERS//MS BARRETT
LEGAL ADVISERS//MISS BROOKS
LEGAL ADVISERS//MR GILES
NEWS D
PLANNERS
RAD
PS
PS/MR GOODLAD
SIR J COLES MR HUM
ADDITIONAL
7
CAOFF//SIR R BRAITHWAITE (DIO) CAOFF //MISS NEVILLE-JONES
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CONFIDENTIAL
CAOFF//MR SIBSON
PS NO 10.