TNAG-2471-FCO40-3595-Confidential-talks-between-the-UK-and-China-regarding-financ-1992 — Page 125

Fliss Brooks Legal Advisen

Reference..

Pa

Hica Bond

Issues

Thank

you for this advice.

You paragraph' is likely to

Why would

excite the Treasury.

Treasury. Why

HMG become invchred if the genered

НК

revenues of HI

Would this

+

became exhausteď

Not simply lead to

would

default by HKG.?

any legal obligations ?

વ

нама have

лял одни

ITICA

23/1

CODE 18-77

Mr Soone

m

rather,

I think this is all very hypothetical. If the General reveries of Hong Kong were exhausted, the would be bankrupt. Don't you think HMG or the UK Goverment i Whely to be mindred

`in putting together a finarnicial rescrie package? The Bonds will rank with all other indebtednen of the Hong Kong "Goverment (see paragraph 6 of the Bond Programme)

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