SECRET
FM FCO
SECRET
Мав arli azlı
11 JAN 1992 TO.
TO DESKBY 06210OZ BUENOS AIRES
INDL
TELNO 029
OF 06144OZ JAN 93
INFO DESKBY 070100Z HONG KONG, PEKIN
INFO DESKBY 07010OZ UKREP JLG HONG KONG
Q DIST?
ри
pr (13
031326
MDHOAN 6879
THIS IS A COPY
THE ORIGINAL HAS BEEN
CLOSED UNDER
FOI EXEMPTION NO.........27(1)
PERSONAL FOR PRIVATE SECRETARY/FOREIGN SECRETARY
FROM PRIVATE SECRETARY
HONG KONG PERSONAL FOR GOVERNOR
PEKING PERSONAL FOR COX
UKREP JLG PERSONAL FOR GALSWORTHY
PART ONE OF TWO
MIPT: HONG KONG: DRAFT OPD (K) PAPER
FOLLOWING IS LATEST DRAFT:
1. THIS NOTE TAKES STOCK OF DEVELOPMENTS SINCE THE COMMITTEE DISCUSSED HONG KONG ON 18 NOVEMBER, AND SUMMARISES THE GOVERNOR'S PLANS FOR SECURING THE OBJECTIVES WE HAVE ALREADY AGREED. NO NEW DECISIONS ARE REQUIRED AT THIS STAGE.
2.
THE STATE OF PLAY IN HONG KONG IS AS FOLLOWS:
IN THE COMMUNITY AS A WHOLE, RECENT POLLS SHOW THAT SUPPORT FOR THE GOVERNOR HAS HELD UP REASONABLY WELL (BY A MARGIN OF ABOUT 2:1), ALTHOUGH THERE HAS BEEN SOME DECLINE IN THE ABSOLUTE LEVEL OF SUPPORT
IN THE BUSINESS COMMUNITY, THE CHINESE HAVE SUCCEEDED IN CREATING WIDESPREAD OPPOSITION TO THE GOVERNOR'S PROPOSALS, AND IN DRIVING DOWN THE STOCK MARKET. THE UNCERTAINTIES MAY DISCOURAGE INVESTORS UNTIL THE PROSPECTS ARE CLEARER AND TH PROPERTY MARKET MAY WEAKEN. BUT THE ECONOMIC FUNDAMENTALS HAVE NOT YET BEEN AFFECTED.
IN THE LEGISLATIVE COUNCIL (LEGCO), THERE HAS SO FAR BEEN A COMFORTABLE MAJORITY IN SUPPORT OF THE GOVERNOR'S PROPOSALS WITH ROUGHLY 30 (OUT OF A TOTAL OF 60 MEMBERS) IN FAVOUR, 20 OPPOSED AND 10 UNDECIDED. THE LAST CATEGORY SEEMS TO BE
PAGE
SECRET
1
No comments yet.
Private notes are available after approval.