Redacted under FOI exemption section 27 (1)|
CONFIDENTIAL
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110051
MDHOAN 8813
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152. 12.
CONFIDENTIAL
FM FCO
TO DESKBY 28003OZ HONG KONG
TELNO 397
OF 27164OZ FEBRUARY 91
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG
YOUR TELNOS 611-613: PADS: THE WAY AHEAD
TOP COPY
DIST ?
2. ON POINT 4(1) OF THE AGENDA, WE AGREE THAT THE PROPOSAL TO MAINTAIN A RESERVE BALANCE FIGURE OF NOT LESS THAN HK DOLLARS BILLION IS WORTH TRYING. ALTHOUGH THIS IS OF COURSE LESS THAN THE LOWEST AMOUNT YOU HAVE FORECAST WILL BE AVAILABLE IN THE PERIOD UP TO 1997 AND LESS THAN THE PREDICTED BALANCE IN THE SARG LAND FUND CHK DOLLARS 88 BILLION IN 1997). YOU HAVE PRESUMABLY LEFT YOURSELF FLEXIBILITY TO AGREE A SMALL UPWARD ADJUSTMENT, IF THIS WOULD LEAD TO AGREEMENT.
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3. AS REGARDS POINT 5 OF THE AGENDA (APPOINTMENTS TO THE AIRPORT AUTHORITY) WE WONDER WHETHER THIS IS A POINT WHICH NEEDS TO BE MADE IN THIS CONTEXT AT THIS STAGE. THE WHOLE QUESTION OF APPOINTMENTS IN THE RUN UP TO 1997 IS OF COURSE A SENSITIVE ONE WHICH WE HAVE NOT FULLY CONSIDERED. DISCUSSION OF THIS ISSUE NOW COULD GENERATE CHINESE INTEREST IN APPOINTMENTS WELL BEFORE 1997. THEY MAY ALSO ARGUE THAT THEY SHOULD BE CONSULTED DIRECTLY AT THE APPROPRIATE TIME. WE SUGGEST THAT APPOINTMENTS NEARER 1997 SHOULD NOT BE RAISED UNTIL WE HAVE THOUGHT THE MATTER THROUGH CAREFULLY.
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