SECURITY CLASSIFICATION
Top Secret
Secret
DSR 11C (Revised 5/87)
share of the income in trust, through a Hong Kong SAR
Government Land Fund and an Investment Committee.)
Almost HK$10 billion has so far been credited to the
account of the future SAR Government.
Confidential
Restricted
Unclassified
PRIVACY MARKING
In Confidence
26. Ministers have taken a close interest in the
implementation of the Joint Declaration. The work of the
JLG and other aspects of implementation have featured
regularly in the Foreign Secretary's talks with his
Chinese counterpart and in other exchanges at Ministerial
level.
27. A key aspect of the implementation of the Joint
Declaration is the drafting of the Basic Law. That is
dealt with in Section XI of this memorandum.
VIII:
Hong Kong
Development of representative government in
28.
The system of government in Hong Kong has
evolved in a way which has reflected the particular
circumstances of the territory. In the case of other
British dependent territories, our policy has been to
promote the development of democracy as part of the
preparations for eventual independence. In the case of
Hong Kong, there has never been any question of it
becoming an independent state. Different considerations
have applied. In the decades following the Second World
War, the Hong Kong Government was preoccupied with
absorbing and accommodating a very large migrant
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