CONFIDENTIAL
Нив 18212
218
141732 MDHIAN 7077
CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE F C O TELNO 744
OF 080725Z MARCH 91
W
Grary.
TOP COPY Q DIST?
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG
211
OUR TELNO 716: PADS PRESS REPORTS: CHINESE SOURCES
TODAY'S (8 MARCH) HK ECONOMIC JOURNAL, QUOTING CHINESE SOURCES, SAYS THAT CHINA WILL NOT EXPRESS SUPPORT FOR THE AIRPORT PROJECT UNLESS HKG CHANGES ITS STAND. NO AGREEMENT HAD BEEN REACHED ON THE AIRPORT BETWEEN THE GOVERNOR AND LU PING.
2. THE ARTICLE ALSO SAYS THAT IN ADDITION TO THE SARG HAVING HKG 70 BILLION IN THE LAND FUND, CHINA HAD DEMANDED THAT HKG LEAVE HKD 50 BILLION EXTRA RESERVES BY 1997 FOR THE SARG TO MEET ITS PENSION OBLIGATION. THE SCMP CARRIES A SIMILAR REPORT SAYING THAT THE DEMAND FOR THE EXTRA HKD 50 BILLION IS CONTAINED IN A SET OF PROPOSALS PUT TO BRITISH OFFICIALS BY CHINA ON PADS. FOLLOWING THE MEETING BETWEEN THE GOVERNOR AND LU PING ON 6 MARCH CHINA INDICATED IT MIGHT BE PREPARED TO LOWER THE HKD 50 BILLION FIGURE BUT MORE DISCUSSIONS WOULD BE REQUIRED.
3. THE SCMP ARTICLE ALSO SAYS THAT CHINA IS UNDERSTOOD TO HAVE INDICATED IT WILL NOT INSIST ON HAVING A VETO OVER DECISIONS OF THE FUTURE AIRPORT AUTHORITY (AA). LU PING YESTERDAY CONFIRMED THAT CHINA WANTED REPRESENTATIVES ON THE AA BUT EMPHASISED THAT DECISION MAKING POWER SHOULD BE VESTED IN HKG.
FORD
YYYY
ΜΑΙΝ
77
.PADS
LIMITED
HKD
COMED
DISTRIBUTION
78
PUSD
RAD
PS/LORD CAITHNESS PS/MR LENNOX-BOYD
1
PAGE CONFIDENTIAL
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