TNAG-1768-FCO40-2522-Hong-Kong-and-the-Multilateral-Investment-Guarantee-Agency-(-1988 — Page 143

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

CONFIDENTIAL

3

144741

MDHIAN 3432

CONFIDENTIAL

FM HONG KONG

TO IMMEDIATE FCO

TELNO 178

DESK OFFICER INDEX

MKC 102

LIVED IN

CMuis

2/1

14 JAN 1988

APISTHY

TOP COPY Q DIST ?

PA

Action Taken

OF 140745Z JANUARY 88

INFO IMMEDIATE PEKING

87/102/31

(76

YOUR TELNO 3343 : MULTILATERAL INVESTMENT GUARANTEE AGENCY (MIGA)

FURTHER TO TUR, WE HAVE CONSULTED EXCO AND OBTAINED ITS AGREEMENT TO HONG KONG'S PARTICIPATION IN MIGA. THE WAY IS NOW CLEAR FOR

CONSULTATION WITH THE CHINESE TO PROCEED. A DRAFT SPEAKING NOTE FOR

PEKING TO USE IS IN MIFT. A DRAFT DEFENSIVE Q AND A BRIEF IS IN

2ND IFT. GRATEFUL FOR YOUR AND PEKING'S COMMENTS ASAP.

2. YOU WILL NOTE FROM PARA 3 OF THE DRAFT SPEAKING NOTE THAT WE

HAVE PUT DOWN A MARKER THAT IF HONG KONG WISHES TO PARTICIPATE IN

MIGA IT MUST BE INCLUDED IN THE UK'S RATIFICATION FROM THE OUTSET

THIS SHOULD, WE HOPE, PROMPT THEM TO EXPEDITE THEIR CONSIDERATION OF THE MATTER. SHOULD IT BECOME APPARENT THAT THEY HAVE ANY

DIFFICULTIES IN MEETING THE 40-DAY DEADLINE LAID DOWN IN THE AGREED

GUIDELINES, WE COULD THEN CONSIDER WHETHER

(A) WE SHOULD SUGGEST TO THE CHINESE THAT HONG KONG SHOULD BE INCLUDED IN THE UK'S RATIFICATION, POINTING OUT THAT IT IS ALWAYS POSSIBLE TO EXCLUDE HONG KONG LATER SHOULD IT BECOME NECESSARY

(SEE A6 IN MY 2ND IFT): OR

(B) THE RATIFICATION OF THE CONVENTION SHOULD BE DEFERRED.

3. GRATEFUL IF YOU WOULD ALSO SEND US A COPY OF YOUR DRAFT

ORDER-IN-COUNCIL WHICH EXTENDS THE RELEVANT PART OF THE ACT TO THE

COLONIES UNDER SECTION 9(4).

WILSON

YYYY

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