TNAG-1779-FCO40-2539-Hong-Kong-international-telecommunications-1988 — Page 23

M(88) 31

(h)

(i)

375

-

that a negotiation with Telco

on the question of the

renewal

of their existing

franchise in 1995

voice

should commence

in early

1989; and

that a team should be set up

comprising

lawyers,

administrators,

accountants

and

telecommunication engineers

to

develop

detailed

strategies

for

this

negotiation.

the

The Governor stressed the importance of maintaining

confidentiality of Executive Council discussions.

such confidentiality it would be difficult

Members to tender their advice freely.

Without

for

a Director of Hong Kong

(Sir S.Y. Chung as

Telecommunications Ltd. and Miss Lydia Dunn as a Director of

Swire Pacific Ltd. declared interests and withdrew from the

Chamber for the discussion

of this item. They did not

receive copies of the memoranda.

The Financial Secretary as

CONFIDENTIAL