RESTRICTED
FM HONG KONG
TO IMMEDIATE FCO
TELNO 1066
OF 01090OZ JULY 93
RESTRICTED
031/10
RECEIVED INT
14.11 1993
DESK C
IND_X
VISTY
REGISTRY
PA Adion Taken
IMF (m)/(24)
022600
MDHIAN 7195
M
Ms Bordl
ра
14/7
AND TO IMMEDIATE HM TREASURY, BANK OF ENGLAND, MODEV, PEKING AND TO IMMEDIATE UKREP JLG, UKDEL IMF/IBRD WASHINGTON
FCO:
HM TREASURY:
FOR TEBBIT ((ERD).
FOR CUNLIFFE.
BANK OF ENGLAND: FOR BULLOCH.
ODA:
FOR POWER.
1997 WORLD BANK/IMF ANNUAL MEETINGS: UKDEL IMF/IBRD WASHINGTON TELNO 213 OF 28 JUNE.
SUMMARY.
1.
21
ISSUE OF SUPPORTING INVITATION LETTER FROM HONG KONG IS
IMPORTANT FOR HONG KONG AND A DRAFT IS SUGGESTED. WE WELCOME
THE VISIT BY THE BANK/FUND SECRETARIES AND APPRECIATE AS MUCH
NOTICE AS POSSIBLE OF THE DRAFT MINUTE/MEMORANDUM OF UNDERSTANDING
PRIOR TO THEIR VISIT TO ALLOW US TO STUDY THE TEXT. WE SUPPORT THE SUGGESTION FOR UKDEL IMF/IBRD TO LOBBY THE G7 EXECUTIVE DIRECTORS
AND THE US TREASURY.
DETAIL.
2.
THE UNDERSTANDING REACHED AMONG ALL PARTIES CONCERNED IS THAT CHINA'S INVITATION WOULD BE ACCOMPANIED BY SUPPORTING LETTERS FROM UKG AND HKG. THIS IS IMPORTANT FOR HONG KONG AND FORMS PART OF THE BASIS ON WHICH WE SECURED THE APPROVAL OF THE EXECUTIVE COUNCIL AND THE FINANCE COMMITTEE OF THE LEGISLATIVE COUNCIL. DRAWING FROM THE TWO DRAFT LETTERS PREPARED BY THE BANK/FUND, WE SUGGEST A DRAFT LETTER FROM HK (FAXED TO LONDON, WASHINGTON AND PEKING) WHICH WOULD PREFERABLY BE ISSUED SEPARATELY. THE LAST SENTENCE IN THE SECOND PARAGRAPH OF THE DRAFT UK INVITATION LETTER WOULD NEED TO BE AMENDED APPROPRIATELY. WE SUGGEST REPLACING IT WITH SOMETHING ALONG THE LINES 'THE HONG KONG GOVERNMENT WILL BE COMMUNICATING SEPARATELY TO YOU THEIR SUPPORT OF THE INVITATION'.
3=
WE AGREE IT WOULD BE USEFUL FOR THE BANK/FUND SECRETARIES TO VISIT HONG KONG AND FROM OUR POINT OF VIEW THE WEEK OF 12 JULY
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