TNAG-2471-FCO40-3595-Confidential-talks-between-the-UK-and-China-regarding-financ-1992 — Page 28

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Classification

SECRET

OUT TELEGRAM (CONT)

Caveat

Precedence

PRIORITY

have difficulty with it. It would be unfortunate to sour the atmosphere of this dialogue: particularly during Qian Qichen's

just before visit to London.

し

91

10

4.

If you wish to link the announcement to the budget debate,

could the Financial Secretary make some announcement in his

winding up speech - having first ensured that an appropriate and

innocuous question in Chinese eyes had been asked by a

member? Or could you compromise by announcing the decision to

publish in the budget speech but not actually publishing the figures until later, eg after the audit of the 1991 accounts?

Would this meet the Chinese concern? Are there other reasons

which might persuade them that there is a real need to hurry

things?

:6

ི

BANKNOTE ISSUE

5.

We also note the further evidence (para 11 of TUR) that the

Chinese believe we have agreed to pre-1997 note-issue by the

Bank of China and (the reference to 'symbolic'' issue) that

they do not yet understand the practicalities.

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241

HURD

25.

YYYY

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ΜΑΙΝ

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281

LIMITED

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301

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31.

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HONG KONG CONFIDENTIAL FINANCIAL (DIALOGUE)

For distribution order see Page

Printed in the UK for HMSO 1 91 Dd FC03276 M 100 CCN 56294

Catchword:

STOCK No. C037C

YFB7

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