TNAG-1926-FCO40-2742-Future-of-Hong-Kong-Sino-British-Joint-Liaison-Group-sub-gro-1989 — Page 112

representatives

CONFIDENTIAL

4

to

attend meetings of the

Assembly

(Article 12 of the Convention), as members of the UK

delegation. This is because there has SO far been no

practical need to do so. However such a need could arise

in the future. If it did, Rule 4 of the Rules of

Procedure for the Assembly would accommodate any form of

representation which would be appropriate for the Hong

Kong Government before 1997 or the SAR

thereafter.

Government

6...

Article 5 of the Convention provides that each

Signatory shall have a financial interest in the

Organisation in proportion to its investment share, which

with Article V of the

is determined in accordance

Operating Agreement.

The latter provides that an

investment share in INMARSAT shall be determined on the

basis of utilization of the INMARSAT space segment.

7.

Accordingly, BT as a Signatory of the Operating

Agreement had an investment share of 15.14% of the total

INMARSAT investment as of February 1988. Of this share

1.35% of the total INMARSAT investment (US$4,630,000) is

attributable to the utilization of earth stations on ships

registered in Hong Kong. This part of the investment is

provided by the Cable and Wireless Group.

8.

Meetings of the Council are attended by

representatives of the

Signatories,

in accordance

with