TNAG-2960-FCO40-4239-Future-of-Hong-Kong-British-Consulate-General-building-incl-1993 — Page 11

purposes and as such Developer/Joint Ventures are not

advantageous to HK Development companies for the Colvin House

site. There never was a "do nothing" option given (i) the

Vraneper of

changeover in sovereignty, (ii) the political decision to use

the form of the UK's representation in Hong Kong post 1997 to

demonstrate our continued confidence in and commitment to Hong

Kong and (iii) the practical need to enlarge on the present

British Trade Commission accommodation as we take on extra

functions

+

notably immigration passport and consular work

from the Hong Kong Government. The summary below) of the

build and leasing optins serves to demonstrate pretty

conclusively that building is much the more economical

solution.

-

Effices all

Build new Consulate-General

bunkons

Build new British Council and British Councel and

vic stalls, blah Build 7 times Residential

Units

offices

NPV ₤34,260942 Appendix A

NEV

Appendix Be

Nev

Appendix c

Lease new Consulate-General NPV

one British Council) NEV

stiff flats

and 7 times Residential

Units-

NPV

PCAS3.784

RESTRICTED

75, 781,447 Apferdin B