TNAG-1768-FCO40-2522-Hong-Kong-and-the-Multilateral-Investment-Guarantee-Agency-(-1988 — Page 117

CONFIDENTIAL

FM PEKING

TO IMMEDAITE FCO

TELNO 248

OF 05084OZ FEBRUARY 88

AND TO IMMEDIATE HONG KONG

7

13-14

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TOP COPY Q DIST ?

16

042216

MDHIAN 6566

HKC 102/1

RECEIVEL IN EGISTRY

- 5 FEB 1988

DESK OFFIC

INDEX

PA

YOUR TELNOS 165 AND 320-1 TO HONG KONG : MIGA

·

1 WE ARE CONTENT WITH THE AMENDMENT TO THE SPEAKING NOTE PROPOSED IN PARA 5 OF SECOND TUR, SUBJECT TO THE FOLLOWING COMMENTS:

(A) FIRST TUR HAD ALREADY ASKED US TO DELETE SECOND SENTENCE AND

THIRD SENTENCE OF PARA 3 OF THE SPEAKING NOTE. WE THEREFORE ASSUME

THAT THE PROPOSED NEW WORDING SHOULD BEGIN AT THE END OF THE FIRST

SENTENCE AND THAT THE LAST SENTENCE (''WE WOULD

ASAP'') SHOULD BE DELETED. WE ALSO ASSUME THAT THE REMAINING AMENDMENTS PROPOSED

IN FIRST TUR WILL STAND (BUT SEE (B) BELOW).

·

·

(B) REVISED ANSWER SIX IN THE DRAFT QUESTIONS AND ANSWERS (PARA 3(V)

OF FIRST TUR) IS NOW INCONSISTENT WITH PARA 3 OF THE SPEAKING NOTE.

WE SUGGEST THAT ANSWER SIX MIGHT BE REDRAFTED AS FOLLOWS:

''FOR WIDER CONSIDERATIONS NOT RELATED TO HONG KONG, THE UK WISHES TO RATIFY THE CONVENTION AS SOON AS POSSIBLE, PROBABLY TOWARDS THE END OF MARCH. AS INDICATED IN OUR SPEAKING NOTE, IF IT PROVES NOT TO BE POSSIBLE TO INCLUDE HONG KONG IN THE UK'S RATIFICATION, THE UK

WILL RATIFY FIRST, EXCLUDING HONG KONG INITIALLY THEN LIFT THE EXCLUSION AS SOON AS POSSIBLE THEREAE

NY. NATURALLY, HOWEVER, WE

/

WOULD PREFER TO INCLUDE HONG KONG IN THE UK'S RATIFICATION AT THE OUTSET'.

2. FIRST TUR AGREED THAT WE SHOULD HAND TO THE CHINESE COPIES OF THE CONVENTION AND OPERATIONAL REGULATIONS OF MIGA. WE HAVE NOT RECEIVED

THESE YET.

EVANS

YYYY

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