TNAG-1951-FCO40-2779-British-capital-investment-in-Hong-Kong-1989 — Page 148

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

CONFIDENTIAL

STAFF IN CONFIDENCE

7.

DTI officials are now considering how this latter idea can

best be carried forward. There are clear financial implications

for them as well as political and presentational ones for us. We

shall need to comment in due course about the desirability of such

a post from the FCO point of view. There are a number of obvious

presentational attractions, but we would need to be clear about how

the role of a London-based Commissioner would fit in with that of

the Senior British Trade Commissioner in Hong Kong. We would want

to consult the Governor and Mr Holloway before coming to a firm

view.

8.

The reply to Lord Derwent cannot of course refer to such

possibilities, given that thinking within Whitehall is at such a

preliminary stage. But it can indicate that we do not have a closed

mind and that we are thinking seriously about the issues which Lord

Derwent has raised. However, since Ministers have now confirmed

their decision that Mr Holloway's successor is to be a civil

servant, I think it very desirable that Lord Glenarthur's reply

should make it clear that we do not favour the privatisation of

Mr Holloway's post. If we do not give a straight answer Lord

Derwent's specific question, it is possible that he might

misunderstand our position.

9.

DTI officials have shown the draft to Lord Young, who would с C prefer it to be further edited, so that references to our dislike of

Lord Derwent's privatisation idea are omitted. The reasons for this

are not entirely clear (given that Lord Young accepts that

privatisation is not on) but may be related to Lord Young's

attraction to the idea described in paragraph 5 above. For the

reasons given in the preceding paragraph, I recommend that we should continue to seek the retention of the original passages.

CONFIDENTIAL

STAFF IN CONFIDENCE

ARPanc

A R Paul

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