TNAG-2815-FCO40-4061-Future-of-Hong-Kong-International-Rights-and-Obligations-(IR-1993 — Page 35

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MDHIAN 5274

REFERS ONLY TO DELEGATING TO THE HONG KONG MONETARY

AUTHORITY.

5.

ZHANG ACCEPTED THE AMENDMENTS IN RELATION TO VISAS PROPOSED IN MY LETTER TO TEBBIT OF 9 NOVEMBER. HE ALSO ACCEPTED THE AMENDMENTS TO THE MEMORANDUM ON PROVISION OF SERVICES AND FACILITIES PROPOSED IN CHAN'S LETTER OF 20 NOVEMBER EXCEPT THAT IN RESPECT OF THE SEVENTH LINE OF PARA. B1 (WHICH IS SUBSUMED IN PROPOSAL IN PARA. 4 ABOVE).

ZHANG WILL BE AWAY NEXT WEEK. WE AGREED TO CONSULT OUR AUTHORITIES AND TRY TO REACH AGREEMENT ON FRIDAY 3 DECEMBER SO THAT WE COULD PRESENT A JOINT DEMARCHE TO THE BANK/FUND SECRETARIES.

7.

I APPRECIATE THAT THE HONG KONG GOVERNMENT WOULD PREFER TO AVOID ANY REFERENCE TO THE CONCEPT OF DELEGATION FROM CHINA TO THE SPECIAL ADMINISTRATIVE REGION. HOWEVER, CHINA NOT HONG KONG IS THE HOST GOVERNMENT AND IT IS CLEAR THAT THE CHINESE AUTHORITIES ATTACH CONSIDERABLE IMPORTANCE TO THIS POINT.

8.

SO

I AM ANXIOUS TO GET THESE ISSUES RESOLVED QUICKLY SO THE PROPOSAL CAN BE CIRCULATED TO THE BOARDS BEFORE CHRISTMAS (FOR DECISION IMMEDIATELY AFTER CHRISTMAS). GRATEFUL INSTRUCTIONS IF AT ALL POSSIBLE DESKBY 140OZ FRIDAY 3 DECEMBER.

RENWICK

YYYY

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