TNAG-2182-FCO40-3119-Hong-Kong-nationality-international-support-1990 — Page 81

ADDITI

NNNS

1

CONFIDENTIAL

ZCZC

CONFIDENTIAL

FM FCO

TO TELELETTER BUDAPEST

TELELETTER

OF 061505Z SEPTEMBER 90

TLEMF-M

Pa

In't

吐

supporte

3336

TELELETTER

HKD 340

RECEIVED IN QFC

340/1

06 SEP 1990

DESK OFFICER

INDEX

PA

STHY

iaken

TO: G J DOREY ESQ,

BUDAPEST

COPIED TO S BRADLEY ESQ, DEPUTY POLITICAL ADVISER, HONG KONG

FROM: J C MORRIS, HONG KONG DEPT

HONG KONG HUNGARIAN OFFER OF SETTLEMENT

REF YOUR T/L 070945Z AUGUST TO D WARREN, FED

1.

We too are surprised by the scale of the Hungarian proposal although we understand that the GDR Cabinet has agreed to approve applications for GDR citizens from 52 wealthy Hong Kong

residents in return for sizeable investment.

2.

Subject to Hong Kong's views, we see no objection to your discussing this matter with the MFA. But in doing so and in responding to Dr Berta, you should make clear that our policy is not to encourage Hong Kong people to emigrate. Indeed the

increasing rate of emigration (42,000 in 1989, forecast to rise to 60,000 this year, many of them key professionals) is a matter of serious concern. This growing exodus of talented people poses a real threat to Hong Kong's stability and prosperity in

FABAME

HKD

JCM 6/9 1640

Printed in the UK for HMSO 11788 DdFC00295 C1500 27081

J K Hague

2656

Princessed by

YEB6/C_37E