aef2.dg/docs/25.10-5
HM Treasury
N C G Whitney Esq
Hong Kong Department
FCO
*T MON
Parliament Street London SW1P 3AG
Telephone 071-270 4720
fee BU to
25 October 1993
HKC 370/23 нкс
C
3 November.
~8 ÚCT 1993
спа
نفقط
Sea Nigel,
27/x
а
HONG KONG: TRANSFER OF ASSETS TO THE SARG IN 1997
5/am
Thank you for your letter of 5 October, covering a copy paper on transfer of assets and Hong Kong's comments on it.
of your
2. This is a very important set of issues for us. The paper is drafted in terms of the transfer of the assets of the Hong Kong Government, but of course the transfer of its liabilities has also to be achieved effectively. I understand that under the law of state succession, liabilities have the same destination as assets. This may be why your paper does not discuss liabilities explicitly. But it is obviously important that in further work the point be addressed explicitly.
3. I look forward to seeing further work on these matters in due course, in particular the draft agreement which you say your Legal Adviser is preparing. No doubt we will have a chance to review this with
you before a proposition is put to the Chinese side in the negotiations.
4. I am copying this to Mark Blythe (T Sol).
Muhame
Please
you
her a
wah at
Yous,
Steven
S N WOOD
9
the hach papers on this netwerk (the main
are in the draft pour at (6)).
рози
ti taike thei isine farvard
нист
Cy
not enthusiastic
as is clear from thew
telegram at (2), but later is keer that he invuld not let the mutte. drop and that the instiment
you
requented in end 8) should be prepared. Ils could remina Miss Broiler about this when she retums from
buliday.
we are choire of or houd's point about liabilities, but it is for
AAGT
diffmult to caddress as the Chrène do
not accept that they will rentahing inhert all his liabilites, we should deal with arrets fuit
ட
Switchboard 071 270 5000
Fax 071-270 5653
Telex 9413704
2610