TNAG-1926-FCO40-2742-Future-of-Hong-Kong-Sino-British-Joint-Liaison-Group-sub-gro-1989 — Page 38

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Procedure for the Assembly would accommodate any form of

representation which would be appropriate for the Hong

Kong Government before 1997 or the SAR Government

thereafter.

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

be determined on the

basis of utilization of the INMARSAT space segment.

7.

Accordingly, BT as a Signatory of the Operating

investment share of 15.91% of the total

Agreement had an

INMARSAT investment

as of February 1989. Of this share

1.43% of the total INMARSAT investment

INMARSAT investment (US$3,351,000) 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.

the Council are attended by

Meetings of

representatives of the Signatories, in accordance with

Article 13 of the Convention. The UK Signatory is

represented at

at these meetings. But the Cable & Wireless

Group also sends persons as alternates, in accordance with

Article 13 of the Convention and Rule 4 of the Rules of

Procedure of the Council. In this way, the needs and