TNAG-2515-FCO40-3669-Future-of-Hong-Kong-International-Rights-and-Obligations-Sub-1992 — Page 85

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

CONFIDENTIAL (Moran) (Поком) HKC 03119 ERD) drafting

111141

MDLIAN 9457

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CONFIDENTIAL

FM HONG KONG

TO PRIORITY FCO

TELNO 1092

OF 161125Z APRIL 92

AND TO PRIORITY UKDEL IMF/IBRD WASHINGTON, PEKING

INFO PRIORITY UKREP JLG HONG KONG

30

UKDEL IMF/IBRD WASHINGTON TELNO 139:

MEETINGS

1997 IMF/IBRD ANNUAL

EXCO CONSIDERED THE QUESTION OF HONG KONG HOSTING THE 1997 MEETING ON 14 APRIL. THE COUNCIL AGREED THAT HONG KONG SHOULD CONTINUE TO PURSUE THE POSSIBILITY OF HOSTING THE 1997 ANNUAL MEETINGS IN HONG KONG, SUBJECT TO A SATISFACTORY OUTCOME OF THE DISCUSSION WITH THE CHINESE ON THE ROLE TO BE PLAYED BY HONG KONG (SEE PARA 3 BELOW).

2.

AS YOU KNOW, HONG KONG WOULD NEED TO DEVOTE SUBSTANTIAL FINANCIAL AND MANPOWER RESOURCES TO HOST THE 1997 MEETINGS. IN UNDERTAKING SUCH A MAJOR COMMITMENT WE WOULD WISH TO DEMONSTRATE A SMOOTH TRANSITION IN 1997 AND PROJECT HONG KONG'S IMAGE AS AN INTERNATIONAL FINANCIAL CENTRE. WE WOULD ALSO WANT TO MAKE CLEAR HONG KONG'S HIGH DEGREE OF AUTONOMY IN FINANCIAL AND MONETARY MATTERS. THIS IS A KEY ELEMENT IN THE JOINT DECLARATION. WE SEE IT THEREFORE AS ESSENTIAL THAT HONG KONG SHOULD BE GIVEN DUE RECOGNITION AND PLAY A MEANINGFUL AND VISIBLE ROLE AT THE MEETINGS.

3=

AGAINST THIS BACKGROUND, AND TAKING INTO ACCOUNT THE SUGGESTION IN PARA 2 OF TUR, WE SUGGEST UKDEL REVERT TO THEIR CHINESE COUNTERPARTS MAKING THE FOLLOWING POINTS -

(A) WELCOME CHINA'S ASSURANCE OF CONTINUITY OF THE HONG

KONG PLANNING TEAM THROUGH 1 JULY 1997:

(B)

FOR HONG KONG, THE BERLIN MODEL IS MORE IMPORTANT THAN THE QUESTION OF WHO SHOULD ISSUE THE FORMAL INVITATIONS. IF A SATISFACTORY UNDERSTANDING COULD BE REACHED ON THE USE OF THE BERLIN MODEL, OR A VARIATION OF IT, AS THE BASIS FOR THE ARRANGEMENTS FOR THE 1997 MEETINGS, WE MIGHT CONSIDER AGREEING TO THE CHINESE SUGGESTION THAT THE FORMAL APPLICATION BE MADE BY CHINA, WITH SUPPORTING LETTER(S)

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CONFIDENTIAL

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