TNAG-1768-FCO40-2522-Hong-Kong-and-the-Multilateral-Investment-Guarantee-Agency-(-1988 — Page 142

CONFIDENTIAL

145011

MDHIAN 3438

WOULD THUS BE ENHANCED.

SIDE

WOULD

3. GRATEFUL IF THE CHINESE

CONSIDER THE MATTER UNDER

CONSULTATION PROCEDURE SET OUT IN THE AGREED GUIDELINES. IT SHOULD

BE NOTED THAT IF HONG KONG WISHES TO PARTICIPATE IN MIGA IT

MUST BE INCLUDED IN THE UNITED KINGDOM'S RATIFICATION AT THE OUTSET

SINCE THE CONVENTION DOES NOT CONTAIN ANY PROVISION WHICH WOULD

ENABLE HONG KONG TO BE EXCLUDED AT THE OUTSET AND SUBSEQUENTLY

INCLUDED. WE WOULD THEREFORE BE GRATEFUL FOR CHINESE RESPONSE ASAP.

4. IF THE CHINESE SIDE HAS NO OBJECTION IN PRINCIPLE TO THE

CONTINUED APPLICATION OF THE CONVENTION TO THE HONG KONG SAR AFTER 1997, THE MEANS OF SECURING ITS CONTINUED APPLICATION WOULD BE DISCUSSED IN THE IRO SUB-GROUP IN DUE COURSE.

WILSON

YYYY

ΜΑΙΝ

24

DISTRIBUTION

25

HONG KONG AGREEMENT RESTRICTED

LIMITED

HKD

HD/FED

RESEARCH (FE)

HD/PUSD

DEP HD/PUSD

PS/LORD GLENARTHUR

PS/MR EGGAR

MR MCLAREN

MR GILLMORE

ADDITIONAL

1

MR FIFOOT, LEGAL ADVISERS

NNNN

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CONFIDENTIAL