CONFIDENTAL
GAS 140
ONFIDENTIAL
FM F C 0 23172OZ JUL 79
TO IMMEDIATE HONG KONG
OP CUP!
161
ник owoli.
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Pow
32/2
TELEGRAM NUMBER 575 OF 23 JULY 1979.
FOR GOVERNOR FROM MCLAREN
1.
PARLIAMENTARY QUESTION.
See 162 163 167
MR ROBERT PARRY HAS PUT DOWN THE FOLLOWING QUESTION FOR
ANSWER ON 26 JULY:-
QUOTE....WHETHER HE CONSIDERS THAT THE INABILITY OF THE
HONG KONG GOVERNMENT TO ISSUE POST-1997 LEASES IN THE NEW
TERRITORIES IS CAUSING A CRISIS IN INVESTORS' CONFIDENCE: AND ~
IF HMG HAS ANY PLANS TO REMEDY THE SITUATION. UNQUOTE.
2. TO THE BEST OF MY KNOWLEDGE, THIS IS THE FIRST DIRECT QUESTION WE HAVE HAD ON THIS SUBJECT (I DO NOT KNOW WHO INSPIRED IT).
SUBJECT TO YOUR VIEWS, WE THINK IT IS BEST SIDESTEPPED AND
PROPOSE TO RECOMMEND A REPLY ON THE FOLLOWING LINES:-
QUOTE: INVESTMENT DECISIONS ARE INFLUENCED BY MANY
FACTORS. BUT IT IS CLEAR THAT INVESTORS GENERALLY TAKE A
VERY POSITIVE VIEW OF THE PROSPECTS IN HONG KONG. UNQUOTE.
3. I SHOULD BE GRATEFUL FOR YOUR COMMENTS NOT LATER THAN 083OZ
ON 25 JULY.
CARRINGTON
FILES
ARGO
FED
MR CORTAZZI
CONFIDENTAL
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