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Paragraph 12
Extend first sentence to read ; and there may exceptionally be incidents
where even an offer of independent negotiations could so seriously prejudice
our international trading interests (and, in our view, those of Hong Kong itself)
that we should need to veto that also).
Paragraph 13
11
Rewrite last sentence to end "policies and as if our relations with Hong
Kong were governed only by the GATT".
Paragraph 14
✓
Insert after "relations" "and for the reasons given in paragraph 12 above".
Paragraph 15
After first two words of second sentence insert "subject to paragraph 16(a)
below".
Paragraph 16(a)
Add a new paragraph.
"As is noted in paragraph 12 above, we have to
reserve a right of veto in the last resort on independent negotiation by Hong
Kong. At this particular time such a situation pow obtains. Hong Kong has
expressed the wish to offer to the USA, effect, comprehensive restraint in
trade on non-cotton textiles, at time when the UK, the EEC and the Japanese
are attempting to prevent the establishment of such restraints.
these circumstances at present delegate to Hong Kong the right to act independently,
but must await the outcome of the four-power talks and review the possibility of
such delegation in the light of that."
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