Mr Mothis-fi.
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144744
MDHIAN 1584
The talking points referred to in para & are attached. The treasing are disting a reply to mis
which may will clear with us first. тиша
+ back to me pl. BP 1818
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FM UKDEL IMF/IBRD WASHINGTON
TO IMMEDIATE FCO
TELNO 273
OF 10140OZ AUGUST 93
AND TO IMMEDIATE HM TREASURY, BANK OF ENGLAND, ODA
AND TO PRIORITY HONG KONG, PEKING, UKREP JLG HONG KONG
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3X
dus Paris.
Rokk you.
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HKC 031/10
FCO FOR TEBBIT (ERB) HM TREASURY FOR SEDGWICK AND CUNLIFFE, BANK OF ENGLAND FOR BULLOCH, ODA FOR POWER
IMF/IBRD: HONG KONG 1997 ANNUAL MEETINGS
1. POWELL AND I MET WITH ZHANG AND WEI (CHINESE FUND AND BANK 1993 ALTERNATE DIRECTORS), VAN HOUTVEN AND THANANE
(FUND AND BANK SECRETARIES), AND HOLDER AND FORGET (FUND AND BANK LEGAL COUNSELS) ON 9 AUGUST.
E
2. AFTER NOTING THAT THE TECHNICAL SIDE (I.E.
FACILITES ETC) OF THE RECENT MISSION TO HONG KONG WENT WELL, THAHANE SAID THAT THERE WERE CURRENTLY THREE, ISSUES WHICH NEEDED TO BE SORTED OUT: THE DATE OF THE MEETINGS, ASSURANCES REGARDING THE AGREED CONTRIBUTION, AND ASSURANCES ABOUT VISAS AND IMMUNITIES.
3. ON THE DATE OF THE MEETINGS, HE SAID THAT THE BANK AND FUND HAD VERY LITTLE ROOM FOR FLEXIBILITY. AT MOST THE GOVERNORS MIGHT BE PERSUADED TO MOVE THE MEETINGS FORWARD BY A WEEK, COMPARED TO THE NORMAL TIMETABLE. BUT THIS WAS BY NO MEANS CERTAIN. HE ASKED ME TO PASS THIS MESSAGE ON TO
THE HK AUTHORITIES.
4. THAHANE CIRCULATED WHAT HE DESCRIBED AS ''TALKING POINTS' (FAXED TO LONDON AND HONG KONG) WHICH HE SUGGESTED
MIGHT SERVE AS AN UNDERSTANDING AS TO HOW TO ADDRESS THE REMAINING TWO PROBLEMS. THE ''TALKING POINTS'' NOTED THAT THE FUND AND BANK WOULD NEED STANDARD WRITTEN ASSURANCES FROM THE MEMBER IN WHOSE TERRITORY THE MEETINGS ARE BEING
HELD (IE UK BEFORE AND CHINA AFTER JULY 1 1997) CONCERNING
THE PROVISION OF THE AGREED CONTRIBUTION TO THE MEETINGS. IT WOULD THEN BE OPEN TO THE MEMBER ON ITS PART TO AGREE ON APPROPRIATE FINANCIAL, LEGAL, AND OTHER NECESSARY INTERNAL ARRANGEMENTS TO MEET THIS UNDERTAKING. THE MEMBER WOULD
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