TNAG-1332-FCO40-1762-Future-of-Hong-Kong-White-Paper-on-the-Joint-Declaration-1984 — Page 6

GRS 110

SECRET

INTEL X

HKILandso

RECEIVED IN REGISTRY

17 SEP 1934

DESK OFFICER

PA

REGISTRY Action Taken

Andy zuzila

99

See 110 See 117

SECRET

FUTURE EGRET

DESKDY 1609302 BOTH

FROM PEKING 1608382 SEPT 84

TO IMMEDIATE FCO

TELNO 2381 OF 16/9/84

INFO IMMEDIATE HONG KONG

HONG KONG TELNO 1855: FUTURE EGRET: PART 111 OF THE

WHITE PAPER: FINANCIAL SYSTEM

1. AFTER DISCUSSION WITH THE WORKING GROUP, WE SUGGEST THAT

THIS SECTION BE REDRAFTED AS FOLLOWS:

**THIS SECTION OF THE ANNEX INDICATES CLEARLY THAT THE GOVERNMENT OF THE HONG KONG SAR WILL CONTINUE TO DETERMINE ITS OWN FISCAL POLICY, IN ACCORDANCE WITH HONG KONG'S OWN NEEDS, AND WITHOUT ANY REQUIREMENT TO PEMIT REVENUE TO THE SOVEREIGN POWER. IT ALSO MAKES CLEAR THAT THE PREDOMINANT AUTHORITY OF THE LEGISLATURE IN FINANCIAL MATTERS, AND THE SYSTEM FOR INDEPENDENT AND IMPARTIAL AUDIT OF PUBLIC ACCOUNTS, WILL CONTINUE UNCHANGED.''

EVANS

LIMITED

HD/HKD HD/FED MR BOYD

SECRET

COPIES TO:

SIR P CRADOCK (2)

MR BICKFORD, LÉGÁL ADVISERS

MR FITFOOT,

K195A

SIR E YOUDE, K195A