TNAG-1768-FCO40-2522-Hong-Kong-and-the-Multilateral-Investment-Guarantee-Agency-(-1988 — Page 38

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040156

MDHIAN 4241

CONFIDENTIAL

HKC 702

TOP COPY Q DIST

CONFIDENTIAL

FM PEKING

TO IMMEDIATE FCO

TELNO 606

OF 310924Z MARCH 88

INFO IMMEDIATE HONG KONG

38

41

-42)

MY TELNO.573, HONG KONG TELNO.1264 AND YOUR TELNO.846 TO HONG KONG: MIGA.

1. WE, TOO, UNDERSTAND HONG KONG'S CONCERNS SET OUT IN SECOND TUR. HOWEVER, FOR THE REASONS GIVEN IN THIRD TUR, WE AGREE THAT THE BEST COURSE OF ACTION IS THE ONE YOU PROPOSE.

2. WE THINK WANG WEIYANG'S ANSWER TO PIGOTT'S SUPPLEMENTARY QUESTION

(PARA 3 OF FIRST TUR) WAS A FAIRLY HEAVY HINT THAT CHINA WILL APPLY

TO JOIN MIGA BEFORE 1997 (WHEN PIGOTT ASKED IF CHINA WAS LIKELY TO

JOIN MIGA, WANG'S ANSWER ZAS DRAWN FROM THE ONLY PRE-PREPARED DEFENSIVE POINT IN HIS SPEAKING NOTE IT IS ALSO EXTREMELY UNUSUAL

FOR WANG TO GIVE AN IMMEDIATE REPLY TO A SUPPLEMENTARY QUESTION).

-

EVANS

YYYY

ΜΑΙΝ

49

DISTRIBUTION

50

HONG KONG AGREEMENT RESTRICTED

LIMITED

HKD

HD/FED

RESEARCH (FE)

PS/LORD GLENARTHUR

PS/MR EGGAR

PS/PUS

MR MCLAREN

MR GILLMORE

PUSD

ADDITIONAL

1

MR FIFOOT, LEGAL ADVISERS

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CONFIDENTIAL