TNAG-1518-FCO40-2079-Hong-Kong-International-Airport-1986 — Page 28

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Government of the surplus of revenues over expenditure for. the benefit of the Hong Kong Exchequer. I do not see how we could square that with our obligations under Article 10 of Bermuda 2.

5.

I assume that privatisation of Hong Kong Airport is ruled out by the approach of 1997?

Yours sincery

Cory Aunt

my

A I Aust Legal Counsellor

cc Mr Hogger, MAED.

Mr Bedford, HKD