TNAG-1306-FCO40-1663-Future-of-Hong-Kong-1984 — Page 123

4

0.

Fourthly, the New Territories lease will expire

in 1997 and the New Territories will automatically revert

to China. In order to allow time to resolve the question

of these 3 million Hong Kong British Citizens, both Britain

and China should come to an agreement whereby sovereignty

on Hong Kong Island and the Kowloon Peninsula would finally

revert back to China 30 years after 1997. Such an

agreement would go a long way towards regaining the

confidence of local entrepreneurs in taking a long-term

investment view of Hong Kong and in bringing back to Hong

Kong some of the US$7,000 million which one international

news magazine has reported to have taken flight from Hong

Kong last year.

11.

Fifthly, between now and 1997, Hong Kong should

move towards self-administration along the Singapore model

-

as has been advocated by Peking leaders to various Hong

Kong groups so that by 1997, the entire territory of Hong

Kong Island, Kowloon and the New Territories will be

/governed

!

!