TNAG-2473-FCO40-3600-Asian-Development-Bank-liabilities-of-Hong-Kong-1992 — Page 30

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4. If possible it would be very helpful if we could have a copy of the undertaking before Mr Freeman leaves for Hong Kong; but in any case I should be grateful if you could confirm before then that any public sector loan from the Asian Development Bank to the Hong Kong Government would require a counter-guarantee from the British Government. You will note from the telegram that counter-guarantees have been the normal practice for World Bank lending to dependent territories.

Jennifelatica

Mrs JC Radice

International Financial Institutions Department

V 708

tel. 3535-0260

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