which these terms were set out makes no
This is
provision whatever for the transfer of
sovereignty between the parties.
because there was at no time a common view
about the location of sovereignty.
Thus it is that the Chinese Government declared
that it had "decided to resume the exercise of sovereignty over Hong Kong; and the United Kingdom declared "it will restore Hong Kong to the Peoples Republic of China" in each case with
effect from 1 July 1997.
In these circumstances, the future "stability and prosperity" of Hong Kong and its people very largely depends, as it must of course, upon the performance and good faith of the Government of the Peoples Republic of China, since it is they
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