TNAG-2515-FCO40-3669-Future-of-Hong-Kong-International-Rights-and-Obligations-Sub-1992 — Page 156

M

ith

Steve See draft telegram

pls.

Cord

41912

you put His into a Personal my taste tel bite for, sopied to clader (ME/13RD?

сквы

From:

Pa

m

2112

K R Tebbit

4KC 031/9

Tel sent

P

Economic Relations Department

Date:

17 February 1992

Mr Ricketts, HKD

CC:

Mr Bayne

Mr Bone

WORLD BANK/IMF ANNUAL MEETINGS

1. We followed the exchange of telegrams between yourselves and Hong Kong with a little concern, as did Mr Peretz in Washington following the invitations which he and his Chinese colleague had so confidently announced in the halls of IMF/IBRD.

2. I wonder if it would help to keep things on an even keel if Hong Kong were to be provided with more accurate costings of how much host countries actually spent on previous occasions. You might wish to put the following to Hong Kong before they seek Exco's views on 25 February (their telno 449).

3. In 1982 the Canadians held a meeting in Toronto and spent $4m. Events in West Berlin (1988) and Bangkok (1991) cost $18 and $19m, and involved custom building in Berlin. This is very different from the $30m figure that I have seen bandied about for Hong Kong. Frankly, I should have thought that the precise cost is, within reason, a matter of how much Hong Kong wants to spend and that it should not in any case take $30m as an accurate guideline.

K R Tebbit

NB5AFP

ध

RESTRICTED

I thought they used HK $300

CM

13)