TNAG-2471-FCO40-3595-Confidential-talks-between-the-UK-and-China-regarding-financ-1992 — Page 102

SECRET

060412

MDHOAN 9113

9. WE ARE ALSO CONTENT FOR YOU TO LISTEN TO ANY POINTS THE CHINESE MAY RAISE AND TO DISCUSS WHETHER THE TIME HAS COME TO BEGIN TECHNICAL DISCUSSIONS BETWEEN HKG AND THE BANK OF CHINA ABOUT THE COSTS AND OBLIGATIONS INVOLVED. YOU MAY WISH TO REPEAT THE LINE (PARTICULARLY POINT 'G' IN OUR TELNO 1988 OF 6 NOVEMBER 1991 TO ENSURE THAT THERE IS NO MISUNDERSTANDING ABOUT OUR POSITION (WE NOTED THE REFERENCE IN YOUR TELNO 61 TO LU PING'S WELCOMING OUR ''POSITIVE RESPONSE' IT IS POSITIVE

IN THE SENSE OF SYMPATHETIC BUT NOT AFFIRMATIVE, IE THERE IS NO COMMITMENT TO ALLOW NOTE ISSUE BEFORE 1997).

HURD

YYYY

MAIN

23

DISTRIBUTION

31

HK CONFIDENTIAL FINANCIAL

(DIALOGUE)

LIMITED

HD/HKD

HD/ERD

HD/FED

HD/PUSD

HD/ECONOMIC ADVISERS

PS

PS/LORD CAITHNESS

PS/PUS

SIR J COLES

MR BURNS

ADDITIONAL

MR WYE RAD

8

SIR P CRADOCK NO 10.

MR WIGHTMAN CABINET OFFICE

MR A CROCKETT BANK OF ENGLAND

MR C ELSTON BANK OF ENGLAND

MR O PAGE BANK OFENGLAND

MR P GRAY HMT

MR J P MCINTYRE HMT

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