TNAG-1594-FCO40-2179-Honk-Kong-leading-personality-Sir-Yue-Kong-Pao--businessman-1987 — Page 48

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

CONFIDENTIAL

10.

Sir Y K Pao chaired the second annual meeting of the

supervising Commission in Hong Kong on 2 June. Britain's representative was ODA's Chief Education Adviser, Dr Iredale, who is Joint British Commissioner, along with Mr John Caines, Permanent Secretary, ODA.

E. NINGBO STEELWORKS

11.

The

Sir Y K Pao, who comes from Ningbo, is promoting this project (estimated cost £1 billion). He was told in 1986 by the Prime Minister and other Ministes that we cannot provide ATP. The minimum

grant allowed under OECD concensus rules would be about £300m. Embassy told the Chinese this in January, but said that we might consider funding a small separate project in the region if it could

be done without breaching international obligations. There has been

no response.

F. NINGBO UNIVERSITY

12. Sir Y K Pao has also funded the setting up of a university in Ningbo. Mr George Walden attended the inauguration in

November. The ODA are looking at ways of supporting the university (e.g. provision of books) within their existing programme, and have asked the British Council in Peking to discuss this with the State

Education Commission.

CONFIDENTIAL

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