2.
IMPLICATIONS FOR HONG KONG/BRITAIN
How long will you delay introducing the legislation to LegCo?
The Governor has decided, with the advice of the Executive
Council, to publish the draft legislation. But this does not commit him to introduce it to the Legislative Council
immediately.
But we cannot delay the legislative process in Hong Kong indefinitely. The aim is to enact legislation this session so that orderly arrangements can be made for the elections
in 1994-5.
supp.PG.rod
What steps could China take against Hong Kong?
Hope that Chinese side will recognise their shared
responsibility for ensuring the stability and prosperity of
Hong Kong, and will take up our offer to talk about the points that divide us. Not in anyone's interest for China to seek to inflict economic damage on Hong Kong.
Comment on Hang Seng Index?
Has always been a volatile market. But underlying economic fundamentals strong.
Damage to British interests
- No evidence that British business interests have suffered as
-
a result of the disagreement with China.
· Any attempt by the Chinese to affect British business
prospects in China would be contrary to their public
position of encouraging more trade between China and the UK.
Appreciate that British businessmen are concerned.
We have
a responsibility to them, but equally we have a responsibility to do what we believe to be best for the
people of Hong Kong.
7
No comments yet.
Private notes are available after approval.