TNAG-2493-FCO40-3625-Future-of-Hong-Kong-constitutional-development-Chinese-reac-1992 — Page 94

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CONFIDENTIAL

22

機密

(c)

The

property

and securities markets would be

alarmed by any question marks over land leases

and franchises.

Outcome:

Some

businessmen would stand

to

land

profit from the situation (e.g.,

developers who prefer the supply of land to be

restricted, firms anxious to enter the public

utilities field).

Asset

sharply,

however.

inclined to blame HKG.

values would fall

Their OwnerS would be

HKG's Response

can do virtually nothing to prevent the CPG

27.

HKG

from putting

such

CPG

threats into circulation.

However, the

is likely to allow some leeway by remaining vague on the Sanguine assumption implementation of its threats (as happened with the British

Nationality

Scheme).

HKG should refrain from commenting

directly on the

threats and limit itself to expressions of

commitment

the JD.

HKG should show its continuing

goodwill

by

reformulating

some

elements

in

the

constitutional package so that the draft legislation can be

presented

as

having taken into account

criticism of the

original proposals.

CONFIDENTIAL

機密