TNAG-2814-FCO40-4060-Future-of-Hong-Kong-International-Rights-and-Obligations-(IR-1993 — Page 39

JAN 28 '93 12:12 UKDEL

ECO...

TUE.26 JAN 93 13:24

GOUE TENT HOUSE HONG] KONG.

TUE 26 JAN 93 89105

CONFIDENTIAL

PG.14

PG.69

P.1/1

(E)

(F)

Hong Kong to meet other' demands, will also lessen the impact of the change in the riscal position.

The airport project is a once-in-a-generation event jand the new alsport is meeded to replace the existing Kai Tak sirport which is expected to reach its design by end-1994. 1 It is not desirable or finance this exceptional project' at the

fincal roserves at 31

capacity

ponsible

[expense

barch 1993 · stood

stood at a historically high level of $99

Billion.

should decide

is cmly reasonable that the Government

Co Apply some of

of these accumulated to fand eris construction of the new airport

Ind its related projects, which after all is an

Spaential investment in Hong Kong's

frastructure and future well-being.

economic

the SUPPOSTAĆ ZEPPACoe raising measures, the HK DOUBETUL that they are likely to be

itically Iwasible.

(A)

Issues

AUEROTİ

opertinue to place reliance on the

festive functioNLLING”

the multilateral trading

They russia donoamed about the increasing