FO371-46251 — Page 5

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F 1373

THIS DOCUMENT IS THE PROPERTY OF HIS BRITANNIC MAJESTY'S GOVERNMENT)

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13-9

COPY NO.

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SECRET

F.E.(E)(45) 20

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28TH FEBRUARY, 1945.

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WAR CABINET

FAR EASTERN ECONOMIC SUB-COMMITTEE

BRITISH COLONIAL ECONOMIC INTERESTS IN CHINA (Previous reference: F.E.(E)(45) 3rd Meeting, Item 1

SECRET

Note by Colonial Office.

1922/149/61.

1. Hong Kong is one of the largest ports in the world, and in view of its geographical position has an obvious interest in the trade and prosperity of China. Conversely, the early rehabilitation of Hong Kong must clearly be of economic importance to China, and it is suggested that, in considering Hong Kong's desiderata in regard to China this common interest aspect should not be overlooked.

2. Any reference to the common interest would, of course, require to be carefully worded so as not to suggest any uncertainty as to His Majesty's Government's intention to resume their sovereign authority in the Colony. It has already been authoritatively stated in Parliament that it is Out intention to restore British administration in Hong Kong, and in dealing with any demand that may be made for the return of the territory to China a consideration that would have some appeal, at any rate, to the American and other foreign business communities, is that with the return of British administration, Hong Kong will be able to play an important part in the restoration of the trade of China by providing a centre in which business can be conducted on a much more satisfactory basis than is likely to exist anywhere in China in the immediate post war period.

3.

F353/149/61

This point was made in a letter from the China Association in 1943 (copy circulated with FE(E) (45)4), and it is known that the Directors of a large British-American concern have agreed, in unofficial discussion, that Hong Kong, being a British Colony where laws were known and impartially enforced was an ideal place for developing manufacturing interests.

4. The China Association have written a further letter (copy also circulated with F(3) (45)4) suggesting the line to be taken with the Chinese Government in regard to Hong Kong. question, however, is outside the scope of this paper. will, no doubt, be considered by the main Committee.

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