TNAG-2967-FCO40-4246-Future-of-Hong-Kong-British-Consulate-General-inclusion-of--1993 — Page 4

Mr Wootton, RFD

1. HULD 406/13

ния

18 NOV 1993

INDEX

55

Reference..

53

BRITISH CONSULATE GENERAL BUILDING: BRITISH CHAMBER OF COMMERCE

Please see my minute of 4 November to Mr Whittle and Mr Smith's response of 12 November.

1.

2.

54

You will see that the basic sums for the Chamber Commerce of moving into the Consulate-General building come out at about £30,000 - made up of a £10,000 service charge and application of the 6% Treasury Discount Rate to the space to be occupied by the Chamber. OED point out that the TDR rate would be considerably below the market rent in Wanchai or Causeway Bay - never mind Central. OED take the position that the Chamber should be charged at the market rate for such an area coming out at about £56,000 (plus service charges).

3.

Do you consider that use of the TDR formula must be ruled out? It would obviously be much more attractive to the Chamber were we able to charge the cheaper rate. Grateful for your views - could you get back to me by the end of the week?

4.

I am copying back papers to the Joint Directorate to fill Mr Twigg in I would be grateful for any comments the JD may have on determining the rate to be charged the Chamber.

Wiscanes Jones

bcc.NATL JRB

ODE 18-77

Deborah Barnes Jones

Hong Kong Department WH 312

270 2068

16 November 1993

cc: Mr Twigg, Joint Directorate

Please copy

to Mr twigy

the tollowing

back

пирено

Mr Rickett's letter to Misie of 27/9

M Sze's Wetter to PR Of

아기10

Mr Cornish lette

of 14/10

M

Cornish letter

of 25/10

му

minute of 4/11 to OED

лай

I take plio 51- it's double entered!)

Smith's minute of 12/11

Thank

you

nost 17/11