16
SECRET FM FCO
TO PRIORITY HONG KONG
TELNO 463
OF 140846Z MAY 93
RECEIV
SEGRET
HICC 031/10
17 MAY 1993
DISK CACER
PA
-dion Tole
INFO ROUTINE PEKING, JLG HONG KONG
13
YOUR TELNO 703: IMF/IBRD 1997 ANNUAL MEETINGS
1.
057412
MDLOAN 3618
TOP COPY Q DIST?
WE NOTED THE PROPOSAL IN YOUR EXCO MEMORANDUM ON THE THIS SUBJECT (XCC93 57, CONSIDERED ON 27 APRIL) THAT THE EXCHANGE FUND MIGHT MAKE A CONTRIBUTION TOWARDS THE COST OF HOSTING THE 1997 ANNUAL MEETINGS IN HONG KONG; AND THAT AT EXCO MEMBERS EXPRESSED SOME CONCERN THAT THIS PROPOSAL MIGHT BE QUESTIONABLE AND COULD BE A SENSITIVE ISSUE WITH THE FINANCE COMMITTEE (PRESUMABLY BECAUSE THEY HAVE NO CONTROL OVER EXPENDITURE FROM
THE EXCHANGE FUND).
2. WE IMAGINE THAT THE CHINESE MIGHT ALSO BE SENSITIVE ABOUT USE OF THE EXCHANGE FUND IN THIS WAY. PRESUMABLY THE BANK OF CHINA REPRESENTATIVE WAS A MEMBER OF THE EXCHANGE FUND ADVISORY COMMITTEE WHEN THE PROPOSAL WAS CONSIDERED THERE. WE WONDER WHETHER HE REACTED, AND WOULD BE INTERESTED TO KNOW WHETHER, IN THE LIGHT OF VIEWS IN EXCO, YOU WILL BE PURSUING THE IDEA.
HURD
YYYY
ΜΑΙΝ
.HK FINANCIAL
.(DIALOGUE)
HKD
25
DISTRIBUTION
35
RAD//MR WYE
PS
PS/MR GOODLAD
PUSD//HD
ECONOMIC ADVISERS//HD
ERD//HD
PS/PUS
SIR J COLES
MR HUM
FED//HD
ADDITIONAL
10
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