TNAG-1434-FCO40-1917-Hong-Kong-leading-personality-Sir-Yue-Kong-Pao--businessman-1986 — Page 196

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

Nur Haun Ich Smit

Cin

CONFIDENTIAL

For Leek

Mr Layden HKD

tome

& pa

Bayda

2513

From: P J Westmacott

Date: 21 March 1986

cc: Private Secretary

PS/Mr Raison Sir W Harding

Dr Wilson

Mr Orr, FED

SIR Y K PAO

1. Mr Renton was most grateful for the briefing you kindly provided for his lunch with Sir Y K on 20 March.

2. On his scholarship fund, Sir Y K said that the Chinese government had agreed to fund their share of the scheme in the same manner as HMG, ie through annual payments. He was hoping that it would provide scholarships from the beginning of the 1987 academic year. Sir Y K made clear that he hankered after naming the scheme "The 1997 Trust", or something similar. On a slightly separate theme, he was also keen to enlist the support of the British Council for the provision of English teachers for his home town in China.

3. On constitutional development, Sir Y K spoke on familiar lines about the need to make haste slowly. He believed it would be essential to have a strong British Governor right up to 1997.

4.

There was some discussion of Chinese economic prospects. Sir Y K described the new Five Year Plan as very conservative, but liable to encourage investment in key industrial sectors. He thought there was a good chance that the major new steel mill project would go ahead, and that British companies/banks would be well-placed to bid, since the Japanese had made such a mess of the Shanghai steelworks.

5. Sir Y K pushed hard for information about the May visit of Xiu Jia-Tun, and the official visit of Hu Yao-Bang. Mr Renton was unforthcoming. Asked about Hu Yao-Bang's particular interests, Sir Y K said he was facinated by calligraphy.

HKNOLO12

RECTVED IN REGISTRY

-3 APR 1986

DESK OFFICER

INDEX

PA

B3/4

Thermacott

P J Westmacott PS/MR RENTON

CONFIDENTIAL

13

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