ifl.rb.Cunliffe.9.11.2lett

HM Treasury

#7 MOR

the pricketts

Parliament Street London SW1P 3AG Telephone 071-270

in Aulition

M

79

David Peretz Esq

UK Delegation IMF/IBRD WASHINGTON

9 November 1993

Dear David,

1997 ANNUAL MEETINGS

HUC 031/10

1 DEL 1993

2 November

enclosing

Thank you for your letter of latest revised draft letters of invitation and MOU.

The

the (then)

outstanding difficulties now appear to centre on the visas question, which I understand you are pursuing separately with the FCO and the Hong Kong authorities. I should, however, be grateful if you could continue to keep me in touch with progress and if Kevin Tebbit or Peter Ricketts could let me know when the texts have been approved by FCO Ministers.

I agree entirely with your reluctance to accede to the Fund/Bank pressure for the Chinese and UK Governments to sign the memorandum of understanding before Governors have voted. I would be quite happy with your compromise option of a side letter, making clear that the UK Governor will sign the MOU as drafted, subject to the completion of the necessary Parliamentary procedures. While we do not envisage any difficulties with the Treasury Minute, we cannot pre-empt Parliamentary consideration of the contingent liability.

I am copying this letter to recipients of yours and to Mike Power at the ODA.

Yours

Jon

J CUNLIFFE

Switchboard 071 270 5000

Fax 071 270 5653

Telex 9413704

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